REPUBLIC OF THE PHILIPPINES)

________________________) S.S.

AFFIAVIT OF EXPLANATION

I____________, Filipino, of legal age, of ____________________________, being duly

sworn, depose and state that:

I. I am Certified Public Account CPA Certificate No. ______;

II. That, I am designated to file a report for ___________________________, a domestic

corporation duly organized and existing under and by virtue of the laws of the
Republic of the Philippines, with principal office address at:
________________________________________;

III. That, as the CPA, I have prepared the comparative reports of

__________________________ for the years ended December 31, 2017 and 2018 on
which, I have rendered reports dated March 26, 2019;

IV. That, as per review, there were material discrepancies in the AFS. Amounts reflected
in the 2017 AFS do not match the comparative figures in records in the 2018 AFS,

V. That, there was typographical error in the encoding of the amount in the 2017 AFS,
that resulted to it material discrepancies in the AFS reflected in the 2017 AFS;

VI. That, I provided the corrected FINANCIAL POSITION indicating its correction reflecting
the correct entries of the amount that should be in the 2017 AFS;

Further, affiant sayeth naught.

IN WITNESS WHEREOF, I hereby signed this affidavit this _____ day of ____________,
20___ at ______________, Philippines
___________________
CPA Certificate No. _____
PRC BOA Accredited no. ____
Validity: _______

SUBSCRIBED AND SWORN TO before me this _____________ day of _______________,

2019 at ______________; affiant exhibited to me her TIN No. _________, issued at BIR,
Philippines

Doc. No. ________;

Page No. ________; NOTARY SEAL
Book No. ________;
Series of 2019