David F. Ongan

January 23, 2018 CERTIFICATE OF TAX EXEMPTION NO. 031-18 CERTIFICATE OF TAX EXEMPTION issued to AAA ___________________ TIN: 000-000-000-000 This certifies that the donation under the Deed of Donation dated July 03, 2003, executed by AAA in favor of: Name of Donee TIN Address Potia Elementary School 000-000-000-000 Potia, A. Lista, Ifugao covering the following property: Original Certificates of Title Area (sq.m.) Area Donated (sq.m.) Location P-5248 52,903 52,903 Potia, A. Lista, Ifugao being a donation in favor of an agency of the National Government , is exempt from the payment of the donor's tax pursuant to Section 101 (A) (2) of the Tax Code of 1997, as amended. Moreover, Section 185 of Regulations No. 26, otherwise known as the Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code of 1997, as amended, provides that conveyances of realties not in connection with a sale, to trustees or other persons without consideration are not taxable. Accordingly, the Deed of Donation is likewise not subject to the documentary stamp tax prescribed under Section 196 of the Tax Code of 1997, as amended, but only to the documentary stamp tax of P15.00 imposed under Section 188 of the same Code. This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. AaCTcI Issued this 23rd day of January, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue