Further, I attest to the following:
1. that, I understand that this application shall be a accompanied by a membership fee of One Hundred Pesos (Php100.00) and referral fee of One Hundred Pesos (Php100.00);
2. that, I shall subscribe to at least forty (40) shares with a total value of Two Thousand Pesos (Php2,000.00) of which, at least Five Hundred Pesos (Php500.00) corresponding to ten (10) shares shall be paid upon being accepted as member. I promise to pay the balance of thirty (30) shares with a total value of One Thousand Five Hundred Pesos (Php1,500.00)