Treasurer's Affidavit

Republic of the Philippines)) S.c.
City of Taguig )

TREASURER’S AFFIDAVIT

I, { }, being duly sworn, depose and say that:

I have been elected by the subscribers of the corporation as Treasurer thereof, to act as such until my successor has been duly elected and qualified in accordance with the by-laws of the corporation, and that as such Treasurer, I hereby certify under oath that at least 25% of the authorized capital stock of the corporation has been subscribed and at least 25% of the subscription has been paid, and received by me in cash for the benefit and credit of the corporation.

This is also to authorize the Securities and Exchange Commission and Bangko Sentral ng Pilipinas to examine and verify the deposit in the { }, in my name as treasurer in trust for { } in the amount of { } Pesos (P { }) representing the paid up capital of the corporation which is in the process of incorporation. This authority is valid and inspection of said deposit may be made even after the issuance of the Certificate of Incorporation to the corporation. Should the deposit be transferred to another bank prior to or after incorporation, this will serve as authority to verify and examine the same. The representative of the Securities and Exchange Commission is also authorized to examine the pertinent books and records of accounts of the corporation as well as all supporting papers to determine the utilization and disbursement of the said paid up capital.

In case the said paid up capital is not deposited or withdrawn prior to the approval of the articles of incorporation, I, on behalf of the above named corporation, waive our right to a notice and hearing in the revocation of our Certificate of Incorporation.

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Treasurer

SUBSCRIBED AND SWORN to before me, a Notary Public for and in Taguig City, personally appeared this { }, { }, who presented to me her { } No: { }, issued in Taguig City, the same bearing affiant's photograph and signature, and who attested that she is the same person who personally signed before me the foregoing document and acknowledged that she executed the same.

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