| 1.     | I have reviewed this Quarterly Report on Form 10-Q of Monarch Investment Properties, Inc. for the period ended March 31, 2010;                                                                                                                                                                                                 |
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| 2.     | Based on my knowledge, this Quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report; |
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| 3.     | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;                             |
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| 4.     | The other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures as defined in Exchange Act Rules 13a-15(e) and 15(d)-15(e)) for the small business issuer and we have:                                                                                                  |
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|   | a)                                                                                                                                                                                                                                                                                                                             | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared; |
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|   | b)                                                                                                                                                                                                                                                                                                                             | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
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|   | c)                                                                                                                                                                                                                                                                                                                             | Evaluated the effectiveness of the small business issuer’s disclosure controls and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
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|   | d)                                                                                                                                                                                                                                                                                                                             | Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and |

| 5.     | The other certifying officer and I have disclosed, based on our most recent evaluation of internal controls over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s Board of Directors (or persons performing the equivalent function); |
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|   | a)                                                                                                                                                                                                                                                                                                                   | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and |
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|   | b)                                                                                                                                                                                                                                                                                                                   | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |

| /s/ Philip Bloom                |   |
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| Philip Bloom                    |   |
| Principal Financial Officer and |   |
| Principal Accounting Officer    |   |

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