Certificate of Financing

April 17, 2019

To Whom It May Concern:

This is to certify that Adventist University of the Philippines is willing to

finance the sum of Two Million Nine Hundred Sixty-One Thousand Six

Hundred Sixty-Seven Pesos and Thirty-One Cents Only (P 2,961,667.31)

for the capitalization of the Labubbles laundry shop in AUP Campus.

This certification is given to Ronald Ballenas, Robelyn Fabriquel, Enrico

Lingga, and Jona Pearl Zaragoza, the researchers from AUP-College of

Business and issued upon the request of whatever legal purpose it may

serve.

Dr. Robert A. Borromeo

VP-Finance, AUP