Scholarship Report Letter

June 01, 2003

Dr.  Maureen Zabala
University President
Weslayan University

Dear Dr. Zabala:

We are pleased to inform you of our continued support to the education of our twelve (12) scholars under the two-year Computer Science Course Program for school year 2003-2004.

1.    Maya dela Rosa
2.    Catrina Tampipi
3.    Joaquin Manansala
4.    Ronald Rodriguez
5.    Carlo Medina
6.    Analyn Aquino
7.    Juan dela Cruz
8.    Kael Regalado
9.    Samuel Diuco
10.    Eslita Avila
11.    Juanito Ceazar
12.    Mary Grace Sahilan

Our donation shall apart from the terms of the Memorandum of Agreement date 3 May 2007, be subject to the following terms and conditions.

  1. TOTAL shall transfer the amount of Php 350,000 to Weslayan University.
  2. Weslayan University (WU)  shall submit a quarterly report of the scholars’ training progress to TOTAL.
  3. WU to submit a financial report after each semester regarding the disbursement of funds (such as submission of the official receipt, summary of disbursement, etc.) in accordance with generally accepted accounting principles; and

4.    Other terms, remedies and conditions under the Memorandum of Agreement dated May 3,2003, apart from those available under the law, shall remain in force and full effect.

Should you be agreeable to the above terms and conditions, please signify your conformity by signing on the space provided.

Thank you and best regards.

Sincerely yours,

Loiuse Herrera
President and Managing Director