Policies and Guidelines on Cash Advances

POLICIES AND GUIDELINES ON CASH ADVANCES WHEREAS, it is necessary to promu!ate poicies an" !ui"eines re!ar"in! cas# a"$ances as part o% t#e interna contro measures o% t#e corporation&

'ite( POLICIES AND GUIDELINES ON CASH ADVANCES I)

PURPOSES PURPOS ES O* CASH CASH ADVA ADVANC NCES ES + Cas# A"$an A"$ances ces may e aoao-e" e" ony %or o%%ic o%%icia ia.op .opera eratio tiona na purposes) to -it( /0

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II)) II

Purc#a Pur c#ases ses o% o%%ic o%%ice e suppie suppies, s, %i1e" %i1e" assets, assets, merc# merc#an" an"ise ise in$en in$entor tory y an" ot#er ot#er suppi suppies es -#en -#en "irect "irect payment to t#e $en"or.suppier is not possie un"er t#e circumstances o% t#e transaction, or  -#en payment y c#ec2 is not possie E1pe E1 pens nses es %or %or repa repair irs, s, mai maint nten enan ance ce,, an" ot# ot#er er ser$ ser$ic ices es Seminars, Semi nars, con%e con%erence rences, s, con$en con$entions tions,, meetin meetin!s !s an" an" traini trainin! n! atten" atten"e" e" y o%% o%%icers icers an" sta%%  sta%%  Ot#er Ot #er e1pen" e1pen"itu itures res necess necessary ary %or t#e t#e continu continue" e" operati operation on o% t#e coopera cooperati$ ti$e6s e6s usin usiness ess,, suc# as motor $e#ice renta, tra$ein! e1penses, an" ot#er necessary ser$ices Cas# Cas # a"$ances a"$ances %or %or saari saaries, es, -a!e -a!es s or ao-a ao-ance nces s o% o%%ic o%%ice e empoye empoyees es an" sta% sta%%% s#a s#a e ao-e ao-e" " pro$i"e", t#at t#ese are ony %or, an" "o not e1cee", t#e tota amount "ue in t#e current pay perio", an" are %uy "e"ucte" automaticay on t#e nearest pay"ay a%ter t#e cas# a"$ance #as een ma"e)

LI8I LI 8I'S 'S ON A8O 8OUN UN' ' O* CA CASH SH ADV DVA ANC NCE E /0

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III)

Ony o%% o%%icers icers an" sta%% sta%% o% t#e t#e cooperat cooperati$e i$e s#a s#a e ao-e" ao-e" to ma2e ma2e cas# cas# a"$ances a"$ances -#ic# s#a not e1cee" '-enty '#ousan" Pesos 9P3:,:::0, Ony ;on"e" O%%icer s#a ao-e" to ma2e cas# a"$ances amountin! to more t#an '-enty '#ousan" Pesos 9P3:,:::0) '#e amount amount o% cas# cas# a"$anc a"$ance e s#a s#a e imi imite" te" to t#e t#e price price o% o% t#e item item.s .s to to e purc#a purc#ase", se", repai repairs rs to to e un"erta2en an" ser$ices to e ren"ere" y Companies.Deaers.Suppiers -#o "o not accept c#ec2s as payment) *or cas# cas# a"$a a"$ance nces s re& purc# purc#ase ases, s, repai repairs rs an" ser$ ser$ice ices, s, suc# suc# s#a s#a e can$a can$asse sse" " %irst %irst to #a$e #a$e an i"ea #o- muc# cas# a"$ance is to e ta2en) *or t#is purpose, Re
APPROVAL APPROV AL O* CASH CASH ADV ADVAN ANCES CES + t#e appro$a appro$a o% cas# cas# a"$ances a"$ances is is #erey #erey assi!ne" assi!ne" ase" ase" on t#e t#e amounts as %oo-s(

/) 8ana!er Up to 3:,::: 3) '#e C#airman O$er 3:,::: to P/::, ::: 4) 8a=ority o% t#e ;oar" o% Directors O$er /::,::: to P7::, ::: 5) Genera Assemy O$er P7::, ::: IV) LI>UIDA'ION O* CASH ADVANCES /0 30

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Cas# a"$ances not i
CASH ADVANCE *OR8S /0

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90 CASH ADVANCE LI>UIDA'ION *OR8 Name o% Empoyee( BBBBBBBBBBBBBBBBBBBBBBBB LiUIDA'ED( PBBBBBBBBBBBBBBB   Amount to e re%un"e" to t#e Company . reimurse" y t#e Company P BBBBBBBBBBBBBB  Prepare" y( C#ec2e" y( Appro$e" y(  BBBBBBBBBBBBBBBBBBBBBBB O%%icer.Sta%% -#o ma"e a cas# a"$ance

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