List of Members

1. Antonia Papasin Boboy Caburog

2. Archie Arquisal Erwin Sevilla
3. Veviano Linihan Trudo Nayon
4. Rolando Linihan Teresa Gocotano
5. Jose Sabido Allan Opingco
6. Demetrio Sumilao Bonifacio Ducante Jr
7. Wilfredo Secong Mateo Cabatingan
8. Cirelo Misterio Edibeth Castigador
9. Dido Valencia Jay Cena
10. Ely Lumactao Diogenes Pulgo
11. Emerita Abad Jun Lumayag
12. Gerardo Solomon Perlito Ycot
13. Joey Suaring
14. Jorlyn Solomon
15. Juanita Barote
16. Ken Serion
17. Leo Lariosa
18. Leticia Tuting
19. Lope Nawanao Jr
20. Ludivert Solomon
21. Marciana Primor
22. Nestor Obeso
23. Patring Egonia
24. Rene Berandoy
25. Rio P. Serion
26. Rosary Gacosta
27. Samuel Bacalso
28. Tita P Espedillon
29. Titing Lucero
30. Tomas “Charise” Quizora Jr
31. Undo Cadorna
32. Vert Marion Solomon
33. Mateo Cabatingan
34. Frederick Malahay
35. Sonny Ogbaniel
36. Harold Gimarangan
37. Christina Panares
38. Perlito Ycot
39. Wilfredo Secong
 List of Members

Name Address
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Subscribed and sworn to before me this ______day of ________________ at

___________________________________________________, Philippines with Community tax
Certificate No. issued at _________________________on ______________________________.
 Vallehermoso Homebased Multi Products and Services
Vallehermoso, Negros Oriental

OFFICERS AND THEIR ADDRESSES

Position Name Address

1 President Ludivert V Solomon Pob, Vall.Neg. Or
2 Vice-President Rio P Serion Pob, Vall.Neg. Or
3 Chairman Antonio Pasquil Sr Pob, Vall.Neg. Or
4 Secretary Lyndon Labay Bagawines, Vall.Neg. Or
5 Treasurer Tita P. Espedillon Pob, Vall.Neg. Or
6 Auditor Bernardito Dingding Pob, Vall.Neg. Or
7 PRO Rosary Gacosta Pob, Vall.Neg. Or
Samuel Bacalso Ulay, Vall.Neg. Or

Subscribed and sworn to before me this ______day of ________________ at

___________________________________________________, Philippines with
Community tax Certificate No. issued at _________________________on
______________________________.
Vallehermoso Homebased Multi Products and Services
Vallehermoso, Negros Oriental

MEMBERS OF BOARD OF TRUSTEES AND THEIR ADDRESSES

Name
Address
1
BOT Felix Cadorna Jr - Technician Category Puan, Vall.Neg. Or
2
BOT Rolt Serion - Arts & Culture Category Pob, Vall.Neg. Or
3
BOT Bernard Egoc - Health & Nutrition Category Macapso, Vall.Neg. Or
4
BOT Jun Espedillon – Craftsman Category Pob, Vall.Neg. Or
5
BOT Jun Nawanao – Agri Products Category Pob, Vall.Neg. Or
6
BOT Chariz Quizora – Beautician Category Pob, Vall.Neg. Or
7
BOT Jorlyn Solomon – Sari-sari Category Pob, Vall.Neg. Or
8
, Vall.Neg. Or
Vallehermoso Homebased Multi Products and Services
Vallehermoso, Negros Oriental

COMMITTEES AND ITS MEMBERS WITH THEIR ADDRESSES

Committee on trainings and Seminars Address

1
Pob, Vall.Neg. Or
2
Pob, Vall.Neg. Or
3
Pob, Vall.Neg. Or
4
Bagawines, Vall.Neg. Or
Committee on fund sourcing Address

Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Ulay, Vall.Neg. Or
Committee on searching and discovering local skills
Address
and talents, products and services and resources
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Ulay, Vall.Neg. Or
Committee on welfare and development of its
Address
members
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Ulay, Vall.Neg. Or
Committee on membership Address

Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Ulay, Vall.Neg. Or
Committee on advocacy and promotion Address

Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Pob, Vall.Neg. Or
Ulay, Vall.Neg. Or
 Address
Committee on Grievance and arbitration
1
Pob, Vall.Neg. Or
2
Pob, Vall.Neg. Or
3
Pob, Vall.Neg. Or
4
Ulay, Vall.Neg. Or
 BY-LAWS

OF

VALLEHERMOSO HOMEBASED MULTI PRODUCTS AND SERVICES.

PREAMBLE

We, the members of the Association of the VALLEHERMOSO HOMEBASED MULTI

PRODUCTS AND SERVICES imploring the guidance of the Almighty God in order to uplift
the standard of our performance render quality services to our people,.. thus enhance the quality
of life of our people, do hereby ordain and promulgate this by-laws.

ARTICLE I

GENERAL PROVISION

Section 1. NAME: The name of the organization shall be VALLEHERMOSO HOMEBASED

MULTI PRODUCTS AND SERVICES.

Section 2. NATURE AND PURPOSE OF THE ASSOCIATION: The VALLEHERMOSO

HOMEBASED MULTI PRODUCTS AND SERVICES as the name implies shall be a group of
individual worker based at home to earn a living united together in supplementing and
complementing each other for better and efficient though diverse yet coherent services in any
form not contrary to law following the lead in the transformation of Vallehermoso into a
progressive municipality.

Section 3. The Domicile and the temporary headquarter office of VALLEHERMOSO

HOMEBASED MULTI PRODUCTS AND SERVICES shall be in the
__________________________ at Poblacion, Vallehermoso, Negros Oriental. The Association
may have such other branch offices, either within or outside the Municipality, as the Board of
Trustees may designate or as the business of the Association may, from time to time require.

ARTICLE II

PRODUCTS AND SERVICES WITHIN THE ASSOCIATION

Section 1. The ASSOCIATION may have different services and products by its members. Each
undertaking is primarily managed by a responsible member of its own management, capital, risk,
funds, stocks and the like, unless the majority of the Board of Trustees (BOT) of the Association
may decide upon request of the concerned business-member to interfere, mediate, advice or
whatever assistance needed that the Association can afford,

Section 2. Its members are those persons qualified and accepted pursuant to the provision of this
by-laws. They do not run the Association. Members do not have the power to order Trustees or
officers to do anything, but they can elect and get rid of Trustees whom decide on major
business, and influence the general course of business, however the member can suggest ideas
and propose solutions to the BOT.
The members can affect the Association management by voting Trustees in and out as the most
direct way members can get things done by choosing Trustees whose views most agree with their
own. Conversely, they can remove Trustees seen as ineffective or acting improperly

Section 3. MEMBERSHIP. Any resident (skilled or just a consumer) of Vallehermoso may join
the Association provided he/she meets the following requirement:

a. Paid a membership fee

b. Filling the application form
c. Approval of the board
d. Other qualification as the BOT may determine.

Section 4. Rights of Members - A member shall have the following rights:

1. To exercise the rights to vote on all matter relating to the affairs of the association;
2. To be eligible to any elective for appointive office of the association;
3. To participate in all deliberations/meetings of the association;
4. To avail of all the facilities of the association;
5. To examine all the records or books of the association during business hours.

Section 5. Duties and Responsibilities of the Members - A member shall have

the following duties and responsibilities;

1. To obey and comply with the by-laws, rules and regulations that may be promulgated by
the association from time to time;
2. To attend all meetings that may be called by the Board of Trustees;
3. To pay membership dues and other assessments of the association.

Section 6 Suspension, Expulsion and Termination of Membership

1. Suspension, expulsion and termination of membership, shall be in accordance with the

rules and regulations of the association.
2. Any member of the association may file charges against a member by filing a written
complaint with the Secretary of the association. The Board of Trustees shall call the
attention of the Committee on Grievance and arbitration to consider the charges. The
affirmative vote of 1/3 of all the members of the association shall be necessary to suspend
a member; Provided that where the penalty is expulsion, the affirmative vote of 2/3 of all
the members shall be necessary to expel a member.

ARTICLE III

BOARD OF TRUSTEES

Section 1. Powers of the Board - Unless otherwise provided by law, the powers vested in the
Association shall be exercised, all business conducted and all property of the Association
controlled and held by the Board of Trustees to be utilized for the purpose stated. Trustees have a
legal duty to put the interest of the Association ahead of their own. They are elected by and
from among the members in their respective undertakings. Without prejudice to such general
powers and such other powers as may be granted by law, the Board of Trustees shall have the
following express powers:

a) From time to time, to make and change rules and regulations not inconsistent with these by-
laws for the management of the Association's business and affairs;

b) To purchase, receive, take or otherwise acquire in any lawful manner, for and in the name of
the Association, any and all properties, rights, interest or privileges, including securities and
bonds of other Associations, as the transaction of the business of the Association may reasonably
or necessarily require, for such consideration and upon such terms and conditions as the Board
may deem proper or convenient;

c) To invest the funds of the Association in another Association or business or for any other
purposes other than those for which the Association was organized, whenever in the judgment of
the Board of Trustees the interests of the Association would thereby be promoted, subject to such
members' approval of the respective business;

d) To incur such indebtedness as the Board may deem necessary and, for such purpose, to make
and issue evidence of such indebtedness including, without limitation, notes, deeds of trust,
instruments, bonds, debentures, or securities, subject to such members' approval as may be
required by law, and/or pledge, mortgage, or otherwise encumber all or part of the properties and
rights of the Association; provided that the borrowing shall be sourced from not more than five
(5) lenders.

e) To guarantee and secure payment of, for and in behalf of the obligations of other Associations
or entities in which it has lawful interest;

f) To make provisions for the discharge of the obligations of the Association as they mature,
including payment for any property, or in stocks, bonds, debentures, or other securities of the
Association lawfully issued for the purpose;

g) To sell, lease, exchange, assign, transfer or otherwise dispose of any property, real or
personal, belonging to the Association whenever in the Board's judgment, the Association's
interest would thereby be promoted;

h) To establish pension, retirement, bonus, profit- sharing, or other types of incentives or

compensation plans for the employees, including officers and Trustees of the Association subject
to availability of funds and to determine the persons to participate in any such plans and the
amount of their respective participation;

i) To prosecute, maintain, defend, compromise or abandon any lawsuit in which the Association
or its officers are either plaintiffs or defendants in connection with the business of the
Association, and likewise, to grant installments for the payments or settlement of whatsoever
debts are payable to the Association;

j) To delegate, from time to time, any of the powers of the Board which may lawfully be
delegated in the course of the current business or businesses of the Association to any standing or
special committee or to any officer or agent and to appoint any persons to be agents of the
Association with such powers (including the power to sub-delegate), and upon such terms, as
may be deemed fit;

k) To implement these by-laws and to act on any matter not covered by these by-laws provided
such matter does not require the approval or consent of the members under any existing law,
rules or regulation.

Section 2. Election and Term - The Board of Trustees which emanates from the
businesses/services they represented shall hold office for two (2) years and until their successors
are elected and qualified.

Section 3. Vacancies - Any vacancy occurring in the Board of Trustees other than by removal by
the members or by expiration of term, may be filled by the vote of at least a majority of the
remaining Trustees, if still constituting a quorum; otherwise, the vacancy must be filled by the
members at a regular or at any special meeting of members called for the purpose. A trustee so
elected to fill a vacancy shall be elected only for the unexpired term of his predecessor in office.
Each member category should have one trustee. Any Trusteeship to be filled by reason of an
increase in the number of member category shall be filled only by an election at a regular or at a
special meeting of members duly called for the purpose, or in the same meeting authorizing the
increase of Trustees if so stated in the notice of the meeting.

The vacancy resulting from the removal of a trustee by the members in the manner provided by
law may be filed by election at the same meeting of members without further notice, or at any
regular or at any special meeting of members called for the purpose, after giving notice as
prescribed in this by-laws.

Section 4. Meetings - Regular meetings of the Board of Trustees shall be held once every month
on such dates and at such times and places as the Chairman of the Board, or in his absence, the
President, or upon the request of a majority of the Trustees and shall be held at such places as
may be designated in the notice.

Section 5. Notice - Notice of the regular or special meeting of the Board specifying the date, time
and place of the meeting, shall be communicated by the Secretary to each trustee personally, or
by cellphone, or by written or oral message. A trustee may waive this requirement, either
expressly or impliedly.

Section 6. Quorum - A majority of the number of Trustees as fixed by the Board shall constitute
a quorum for the transaction of Association’s undertakings and every decision of at least a
majority of the Trustees present at a meeting at which there is a quorum shall be valid as a
Association’s act, except for the election of officers which shall require the vote of a majority of
all the members of the Board. A member of the Association but not the member of the Board
may attend the meeting and suggest ideas, solutions, present alternatives as if he she is a member
of the Board provided he/she is not nuisance to the meeting as the Board may determined.

Section 7. Conduct of the Meetings - Meetings of the Board of Trustees shall be presided over by
the Chairman of the Board, or in his absence, the President or if none of the foregoing is in office
and present and acting, by any other trustee chosen by the Board. The Secretary shall act as
secretary of every meeting, if not present, the Chairman of the meeting shall appoint a secretary
of the meeting.

Section 8. Compensation - By resolution of the Board, each trustee shall receive a reasonable per
diem allowance for the attendance at each meeting of the Board subject to availability of funds.

Section 9. Disqualification of Trustees or Officers –

1. Has a history of being dishonest or have done malversation of public funds

2. Has a long due of debt (gasigi rag saad-saad)

ARTICLE IV

MEMBERS AND OR TRUSTEES AGREEMENT

Section 1. Mediation and Arbitration. Court battles are divisive and acrimonious (mapait) by
nature. Associates will be pitied each other thus mediation through an experienced or trained
professional is resorted who can recommends various ways to settle a dispute. He can’t force a
decision but merely suggest options and helps all involved parties communicates effectively with
one another. When an agreement is reached and all parties signed off on it, that agreement will
be legally binding. Other option, parties may resort to arbitration agreeing each other to reach a
decision privately and not through the court system. The arbitrator hold a hearing, then makes a
decision. This decision is final and binding on all parties

Section 2. Buy and Sell Provision. The member or the trustee may have the first priority to sell
or buy a product or services of the Association at a reasonable price.
Section 3. Patronage. Each member is encouraged to patronize other members products and
services provided that the quality and price are competitive compare to other non-member. Thus
refraining buying outside town when we have that products and services we called our own.

Section 4. Discount. Any member who patronize or avail the services of other member shall
enjoy a discount, upon presenting its membership ID, likewise the business member shall
provide discount privilege scheme to the member-buyer

Section 5. Skills upgrading/updating. Capability Seminars. Depending of the availability of

funds and technical capability of the Association and its linkage shall conduct trainings/seminars
to its members but not limited to diversification, upgrading or updating to improve the
efficiency and quality of its members services. Members shall be encouraged to attend the same.

Section 6. Dissolution. – This Assn may be dissolved upon the votes of 2/3 of its members

Section 7. Sources of Fund.

a. Registration Fee -
b. Monthly Dues
c. Donation
d. Others as the Board may impose

ARTICLE IV

. MEETINGS OF MEMBERS

Section 1. Regular Meetings - The regular meetings of members, for the purpose of electing
Trustees and for the transaction of such business as may properly come before the meeting, shall
be held at the principal office on the last Saturday of each year.

Section 2. Special Meeting - The special meetings of members, or the Board of Trustess as the
case maybe, for any purpose or purposes, may at any time be called by any of the following: (a)
Board of Trustees, at its own instance, or at the written request of the majority members, (b)
President.

Section 3. Place of Meeting - Members' meetings, whether regular or special, shall be held in the
principal office of the Association or at any place designated by the Board of Trustees in the
municipality where the principal office of the Association is located.

Section 4. Notice of Meeting - Notices for regular or special meetings of members may be sent
by the Secretary by personal delivery or by mail at least two (2) weeks prior to the date of the
meeting to each members of record at his last known post office. The notice shall state the place,
date and hour of the meeting, and the purpose or purposes for which the meeting is called. In
case of special meetings, only matters stated in the notice can be subject of motions or
deliberations at such meeting.

Section 5. Quorum - Unless otherwise provided by law, in all regular or special meeting of
members, a majority of its members must be present or represented in order to constitute a
quorum. If no quorum is constituted, the meeting shall be adjourned until the requisite number of
attendants shall be present.

Section 6. Conduct of Meeting - Meeting of the members shall be presided over by the Chairman
of the Board, or in his absence, the President, or if none of the foregoing is in office and present
and acting, by a chairman to be chosen by the members. The Secretary shall act as Secretary of
every meeting, but if not present, the chairman of the meeting shall appoint a secretary of the
meeting. The chairman of the meeting may adjourn the meeting from time to time, without
notice other than announced at the meeting.
Section 7. Manner of Voting - At all meetings of members, a members may vote in person or by
proxy executed in writing by the members. Unless otherwise provided in the proxy, it shall be
valid only for the meeting at which it has been presented to the Secretary.

All proxies must be in the hands of the Secretary before the time set for the meeting. Such
proxies filed with the Secretary may be revoked by the members either in an instrument in
writing duly presented and recorded with the Secretary prior to a scheduled meeting or by their
personal presence at the meeting.

Section 8.Order of Business - The order of business at the annual meeting of the members shall
be as follows:

1. Proof of service of the required notice of the meeting, except when such notice is waived
by the members constituting a quorum.
2. Proof of the presence of a quorum.
3. Reading and approval of the minutes of the previous annual meeting, except when such
reading is dispensed with by a majority vote of those present.
4. Unfinished business.
5. Report of the President.
6. Election of the Trustees for the ensuing year.
7. Other matters.

The order of business at any meeting may be changed by a vote of a majority of the members
present.

ARTICLE V

OFFICERS

Section 1. Election/Appointment - Immediately, the Association shall formally organized by

electing the Chairman, the Treasurer, and the Secretary, at said meeting and which the said
officers will constitute as Board of Trustees together with the other elected officers.

The Board may, from time to time, appoint such other officers as it may determine to be
necessary or proper. Any two (2) or more positions may be held concurrently by the same
person, except that no one shall act as President and Treasurer or Secretary at the same time.

Section 2. Chairman of the Board - The Chairman of the Board of Trustees shall preside at the
meetings of the Trustees and the members. He shall also exercise such powers and perform such
duties as the Board of Trustees may assign to him.

Section 3. President - The President, who shall be a trustee, shall be the Chief Executive Officer
of the Association and shall also have administration and direction of the day-to-day business
affairs of the Association. He shall exercise the following functions:

a) To preside at the meetings of the Board of Trustees and of the members in the absence of the
Chairman of the Board of Trustees;

b) To initiate and develop Association’s objectives and policies and formulate long range
projects, plans and programs for the approval of the Board of Trustees, including those for
training, development and compensation;

c) To have general supervision and management of the business affairs and property of the
Association;
d) To ensure that the administrative and operational policies of the Association are carried out
under his supervision and control;

e) Subject to guidelines prescribed by law, to appoint remove, suspend or discipline employees

of the Association, prescribe their duties and determine their salaries;

f) To oversee the preparation of the budgets and the statement of accounts of the Association;

g) To prepare such statements and reports of the Association as may be required of him by law;

h) To represent the Association at all functions and proceedings;

i) To execute on behalf of the Association all contracts, agreements and other instruments
affecting the interests of the Association which require the approval of the Board of Trustees,
except as otherwise directed by the Board of Trustees;

j) To make reports to the Board of Trustees and members;

k) To perform such other duties as are incident to his office or are entrusted to him by the Board
of Trustees;

The President may assign the exercise or performance of any of the foregoing powers, duties and
functions to any other officer(s), subject always to his supervision and control.

Section 4. The Vice-President(s) - If one or more Vice- Presidents are appointed, he/they shall
have such powers and shall perform such duties as may from time to time be assigned to
him/them by the Board of Trustees or by the President.

Section 5. The Secretary - The Secretary must be a resident and a citizen of the Philippines. He
shall be the custodian of and shall maintain the Associations record and shall be the recorder of
the Association's formal actions and transactions. He shall have the following specific powers
and duties:

a) To record or see to the proper recording of the minutes and transactions of all meetings of the
Trustees and the members and to maintain minute books of such meetings in the form and
manner required by law;

b) To keep or cause to be kept record books showing the details required by law with respect to
the stock certificates of the Association, including ledgers and transfer books showing all shares
of the Association subscribed, issued and transferred;

c) To keep the Association’s seal and affix it to all papers and documents requiring a seal, and to
attest by his signature all Association’s documents requiring the same;

d) To attend to the giving and serving of all notices of the Association required by law or these
by-laws to be given;

e) To certify to such Association’s acts, countersign Association’s documents or certificates, and

make reports or statements as may be required of him by law or by government rules and
regulations;

f) To act as the inspector of the election of Trustees and, as such, to determine, the validity and
effect of proxies, and to receive votes, ballots or consents, hear and determine all challenges and
questions arising in connection with the right to vote, count and tabulate all votes, ballots or
consents, determine the result, and do such acts as are proper to conduct the election or vote. The
Secretary may assign the exercise or performance of any or all the foregoing duties, powers and
functions to any other person or persons, subject always to his supervision and control;
g) To perform such other duties as incident to his office or as may be assigned to him by the
Board of Trustees or the President.

Section 6. Treasurer - The Treasurer of the Association shall be its chief fiscal officer and the
custodian of its funds, securities and property. The Treasurer shall have the following duties:

a) To keep full and accurate accounts of receipts and disbursements in the books of the
Association;

b) To have custody of, and be responsible for, all the funds, securities and bonds of the
Association;

c) To deposit in the name and to the credit of the Association, in such bank as may be designated
from time to time by the Board of Trustees, all the moneys, funds, securities, bonds and similar
valuable effects belonging to the Association which may come under his control;

d) To render an annual statement showing the financial condition of the Association and such
other financial reports as the Board of Trustees, the Chairman, or the President, may, from time
to time require;

e) To prepare such financial reports, statements, certifications and other documents which may,
from time to time, be required by government rules and regulations and to submit the same to the
proper government agencies;

f) To exercise such powers and perform such duties and functions as may be assigned to him by
the President.

Section 7. Auditor - He shall examine financial records and audit money. He shall also perform
other functions as may be provided for by the Board of Trustees.

Secction 8. PRO – He shall provides news about organization’s activities: somebody in the
Association that provides the news media with information about the organization or department.
Carry message to and for the Association.

Section 9. Term of Office - The term of office of all officers shall be for a period of two (2) years
and until their successors are duly elected and qualified. Such officers may however be sooner
removed for cause.

Section 10. Vacancies - If any position of the officers becomes vacant by reason of death,
resignation, disqualification or for any other cause, the Board of Trustees by majority vote may
elect a successor who shall hold office for the unexpired term.

ARTICLE V

COMMITTEES

Section 1. Committees. The Board of Trustees may, by resolution adopted by a majority of the
authorized number of Trustees, designate one or more committees, each consisting of two or
more Trustees, to serve at the pleasure of the Board of Trustees. The Board of Trustees may
designate one or more Trustees as alternate members of any committee, who may replace any
absent member at any meeting of the committee. The appointment of members or alternate
members of a committee requires the vote of a majority of the authorized number of Trustees.
Any such committee, to the extent provided in the resolution of the Board of Trustees, shall have
all the authority of the Board of Trustees in the management of the business and affairs of the
Association, except with respect to (a) the approval of any action requiring members’ approval,
(b) the filling of vacancies on the Board or any committee, (c) the fixing of compensation of
Trustees for serving on the Board or any committee, (d) the adoption, amendment or repeal of
Bylaws, (e) the amendment or repeal of any resolution of the Board which by its express terms is
not so amendable or repealable, and (f) the appointment of other committees of the Board or the
members thereof.

1. Committee on trainings and Seminars

2. Committee on welfare and development of its members
3. Committee on fund sourcing
4. Committee on searching and discovering local skills and talents, products and services
and resources
5. Committee on membership
6. Committee on advocacy and promotion
7. Committee on Grievance and arbitration

ARTICLE VI

AUDIT OF BOOKS, FISCAL YEAR

Section 1. Auditors - At the regular members' meeting, the external auditor or auditors of the
Association for the ensuing year shall be appointed. The external auditor or auditors shall
examine, verify and report on the earnings and expenses of the Association and shall certify the
remuneration of the external auditor or auditors as determined by the Board of Trustees.

Section 2. Fiscal Year - The fiscal year of the Association shall begin on the first day of January
and end on the last day of December of each year.

ARTICLE VII

AMENDMENTS

Section 1. Amendments - This by-laws may be amended or repealed by the affirmative vote of at
least a majority of the Board of Trustees and the members representing a majority at any
members' meeting called for the purpose. However, the power to amend, modify, repeal or adopt
new by-laws may be delegated to the Board of Trustees by the affirmative vote of not less than
two-thirds of its members ; provided, however, that any such delegation of powers to the Board
of Trustees to amend, repeal or adopt new by-laws may be revoked only by the vote of the
majority members at a regular or special meeting.

ARTICLE VIII

SEAL

Section 1. Form and Inscriptions - The Association’s seal shall be determined by the Board of
Trustees.
 ARTICLE IX

ADOPTION CLAUSE

The foregoing by-laws was adopted by all the members of the Association on August 18, 2012 at
the principal office of the Association.

IN WITNESS WHEREOF, we, the undersigned members present at said meeting and voting
thereat in favor of the adoption of said by-laws, have hereunto subscribed our names this
_____________ at _____________ City, Philippines.

CERTIFIED CORRECT:

______________________
Secretary
ATTESTED BY:

______________________
President

Subscribed and sworn to before me this ______day of ________________ at

___________________________________________________, Philippines with Community tax
Certificate No. issued at _________________________on ______________________________.

NOTARY PUBLIC
 August 18, 2012

CERTIFICATION

TO WHOM IT MAY CONCERN:

THIS IS TO CERTIFY that Vallehermoso Homebased Multi Products and Services a new
organized Association, as of this date has no funds/money to be recorded in the financial statement.

This certification is issued for whatever legal purpose it may serve.

Certified true & correct:

Tita P. Espedillon
Treasurer
Attested by:

Ludivert V. Solomon
President

Subscribed and sworn to before me this ______day of ________________ at

___________________________________________________, Philippines with Community tax
Certificate No. 06354488 issued at Vallehermoso, Neg. Or on _Apr 13, 2012.