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Letter of Undertaking - PSAC

1) PH Solar Advance Corp. is providing certificates of deposit held by Maria Celia Ramona S. Monfort to support the company's proposed work program. 2) The certificates include a BPI time deposit of CD$210,082 and a BPI time deposit of US$62,000.42. 3) The certificates are being submitted to the Department of Energy's RE-Review and Evaluation Committee chairman per a previous letter of undertaking from PH Solar's president.

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391 views1 page

Letter of Undertaking - PSAC

1) PH Solar Advance Corp. is providing certificates of deposit held by Maria Celia Ramona S. Monfort to support the company's proposed work program. 2) The certificates include a BPI time deposit of CD$210,082 and a BPI time deposit of US$62,000.42. 3) The certificates are being submitted to the Department of Energy's RE-Review and Evaluation Committee chairman per a previous letter of undertaking from PH Solar's president.

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Negros Solar PH
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PH SOLAR ADVANCE CORP.

SEC Reg. No. CS201537521 TIN 463-738-288


Brgy. Blumentritt, Municipality of Murcia, Negros Occidental

May 28, 2015


HON. ASEC. JOSE RAYMUND A. ACOL
Assistant Secretary
Chairman, RE-Review and Evaluation Committee
Department of Energy
Merritt Road, Bonifacio Global City
Taguig City, Metro Manila
Philippines
Dear ASec. Acol:
In reference to the letter of undertaking/guarantee dated February 20, 2015
issued by President/CEO Ma. Celia S. Monfort (Maria Celia Ramona S.
Monfort) to support and fund the proposed Work Program of PH Solar
Advance Corp. (PSAC), attached herewith are the certificate of deposits in
various currencies under the name of MARIA CELIA RAMONA S. MONFORT
that Ms. Monfort will make available to PSAC if the need arises.
Attached herewith are the following Certificate of Deposits:
1. BPI (Ref# BR001820150526002) issued for Time Deposit in
Canadian Dollars in the amount of TWO HUNDRED TEN THOUSAND
EIGHTY TWO (CD$210,082.00)
2. BPI (Ref# BR001820150526002) issued for Time Deposit in US
Dollars in the amount of SIXTY TWO THOUSAND AND 42 CENTS
(US$62,000.42)
For your reference and perusal.
Thank you for your assistance.
Sincerely,

Maria Celia Ramona S. Monfort


President / CEO

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