ALBAY POWER AND ENERGY CORP.

W. Vinzon St., Old Albay District, Legazpi City 4500

TEL NOS: 480-2808; 742-4703; 742-4682

Date : May 31, 2019

To : Finance Department

From : Regulatory Compliance and Legal Office

Subject : Endorsement Letter

______________________________________________________________________________

This is to formally endorse the billing statement of Judge Arnulfo B. Cabredo (Ret.)
amounting to Nineteen Thousand Three Hundred Twenty Four Pesos
(P19,324.00)for the month of September 2018 with cost center code PE101200.
Attached herewith are pertinent documents for your reference.

Emmalyn G. Loresto
HR Assistant

Noted By:

Carlos B. Laroza
OM/Shared Services Manager