Superior De La Corporacion Filipina De Padres Agustinos Recoletos, Inc.

February 14, 2018 CERTIFICATE OF TAX EXEMPTION NO. 163-18 CERTIFICATE OF TAX EXEMPTION issued to SAN RAMON HOLDINGS, INC. 7th Floor Rufino Plaza, 6784 Ayala Ave., Makati City TIN: 000-000-000-000 This certifies that the donation under the Deed of Donation dated March 22, 2012 executed by San Ramon Holdings, Inc. in favor of: Name of Donee TIN Address Superior De La Corporacion Filipina De Padres Agustinos Recoletos, Inc. 000-000-000-000 Magallanes St., Brgy. Kalubihan, Cebu City covering the following property: Transfer Certificate of Title Area (sq.m.) Location T-060-2011008637 1 50,000 Brgy. Canlubang, Calamba City, Laguna being a donation 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 the said gift shall be used by the donee for administration purposes. HTcADC 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 Deed of Donation is 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 14th day of February, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Formerly, Lot 2-C and Lot 2-D covered by TCT Nos. T-663850 and T-663851.