Certificate of Tax Exemption No. 098-2017

March 2017 CERTIFICATE OF TAX EXEMPTION NO. 098-2017 CERTIFICATE OF TAX EXEMPTION issued to Name of Donor TIN Address Daughters of St. Teresa, Inc. (formerly: Carmelite Tertiaries of the Blessed Eucharist) Valladolid, Carcar, Cebu -and- Name of Donee TIN Address Missionary Sisters of the Holy Family, Inc. 12th St., Nazareth, Cagayan de Oro City This certifies that the two (2) Deeds of Donation dated November 22, 2011 and February 6, 2012, entered by the Donor and the Donee over the parcels of land described below, to wit: HTcADC Date Transfer Certificate of Title Area (sq.m.) Location 11-22-11 480 Brgy. Nazareth, Cagayan de Oro City 02-06-12 10,000 Bontola, Macasandig, Cagayan de Oro City being gifts in favor of a religious corporation is exempt from the payment of the donor's tax pursuant to Section 101 (A) (3) of the Tax Code of 1997, as amended, subject to the condition that not more than thirty percent (30%) of said gift shall be used by the donee for administration purposes. Moreover, Section 185 of Regulations No. 26, otherwise known as the Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code, provides that conveyances of realties not in connection with a sale, to trustees or other persons without consideration are not taxable. Accordingly, the Deeds of Donation are likewise not subject to the documentary stamp tax prescribed under Section 196 of the Tax Code, 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. Issued this n day of March, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue n Note from the Publisher: Copied verbatim from the official document. Illegible portion.