AUTHORIZATION LETTER

June 6, 2016
To whom it may concern,

I, SIEGFRIED ALEXANDER FRANCIS ARANAS, of legal

age, Filipino, with business address at 208 Recoletos St. Urdaneta Vill,
Makati City, I am the Corporate Secretary of LASUE PROPERTY
ESTATES INC. do hereby appoint, constitute TONI ROSE ARCILLA
CEBU as Assistant Corporate Secretary and in my absence the ACTING
CORPORATE SECRETARY.

For any legal purpose it may serve.

Sincerely,

Siegfried Alexander Francis Aranas