Fondo de Ahorro de Panamá

Panama, November 01, 2016.

Sirs

BDO OUTSOURCING

City

S/Ref.: BDO Service Survey – Client Testimonies

Dear Sirs:

On behalf of FONDO DE AHORRO DE PANAMÁ, I hereby record that since November 20, 2013, the firm BDO has provided the following services to us:

• Accounting services.
• Tax Compliance.
• Payroll services.

In short, the services provided by BDO are recognized for being highly satisfactory and of competence, complemented by an immediate disposition to solve our requests and requirements.

As requested by the interested party, we provide the letter hereby on November 01, two thousand sixteen in the City of Panama.

Should you need further information do not hesitate to contact us.

Best Regards,

Sgd. By Edgardo Falcón

Edgardo Falcón Correa

Financial Analyst

Fondo de Ahorro de Panamá

Fondo de Ahorro de Panamá / PH Office One Tower / 58th Street East Obarrio / Panama, Rep. of Panama/ +507-394-5776