BIR Ruling No. 182-11

June 7, 2011 BIR RULING NO. 182-11 Bayanihan Lot Buyers Association, Incorporated Visayan Village, Tagum City, Davao Del Norte Attention: Mr. Vicente Eliot President Gentlemen : This is to acknowledge receipt of your letter dated 15 April 2010, requesting for tax exemption pursuant to Section 30 of the National Internal Revenue Code of 1997, as amended. HAICTD In reply, please be informed that as per your Amended Articles of Incorporation, which you attached to your letter request, Bayanihan Lot Buyers Association, Incorporated was issued by the Securities and Exchange Commission a certificate of registration on 27 February 1985. A review of the aforesaid Amended Articles of Incorporation revealed that "the term of the corporation to exist is TWENTY-FIVE (25) years from and after the date of issuance of the certification of incorporation" . 1 Considering that the corporate existence of Bayanihan Lot Buyers Association, Incorporated expired on 27 February 2010, we regret to inform you that your request for tax exemption is hereby denied. Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue Footnotes 1. Article IV Amended Articles of Incorporation of Bayanihan Lot Buyers Association, Inc.