Certificate of Tax Exemption No. 231-19

April 4, 2019 CERTIFICATE OF TAX EXEMPTION NO. 231-19 CERTIFICATE OF TAX EXEMPTION issued to AAA Daet, Camarines Norte TIN: 000-000-000-000 This certifies that the donation under the Deed of Donation of Shares of Stocks dated September 18, 2017, executed by AAA in favor of: Name of Donee TIN Address MOTORTRADE LIFE AND LIVELIHOOD ASSISTANCE FOUNDATION, INC. 000-000-000-000 TPI Bldg., EDSA cor. Harvard St., Brgy. Pinagkaisahan, Makati City covering the following shares of stocks: Stock Certification Number Date Issued No. of Shares of Stock Par Value Per Share Issuing Corporation 349 11/5/2002 10 P_______ RURAL BANK OF MAKATI, INC. 370 11/5/2002 40 P_______ RURAL BANK OF MAKATI, INC. 371 11/5/2002 40 P_______ RURAL BANK OF MAKATI, INC. 372 11/5/2002 40 P_______ RURAL BANK OF MAKATI, INC. 373 11/5/2002 40 P_______ RURAL BANK OF MAKATI, INC. 374 11/5/2002 35 P_______ RURAL BANK OF MAKATI, INC. 375 11/5/2002 57 P_______ RURAL BANK OF MAKATI, INC. 376 11/5/2002 256 P_______ RURAL BANK OF MAKATI, INC. 378 11/5/2002 44 P_______ RURAL BANK OF MAKATI, INC. 379 11/5/2002 49 P_______ RURAL BANK OF MAKATI, INC. 381 11/5/2002 15 P_______ RURAL BANK OF MAKATI, INC. 396 7/30/2003 25,000 P_______ RURAL BANK OF MAKATI, INC. 404 6/15/2004 48,542 P_______ RURAL BANK OF MAKATI, INC. 411 6/15/2004 636 P_______ RURAL BANK OF MAKATI, INC. 433 12/3/2007 225,192 P_______ RURAL BANK OF MAKATI, INC. 447 2/8/2008 599,992 P_______ RURAL BANK OF MAKATI, INC. 507 1/20/2010 899,988 P_______ RURAL BANK OF MAKATI, INC. 566 4/30/2013 935,987 P_______ RURAL BANK OF MAKATI, INC. 622 4/30/2013 25,052 P_______ RURAL BANK OF MAKATI, INC. 639 12/15/2016 237,021 P_______ RURAL BANK OF MAKATI, INC. 695 5/18/2017 1,748,856 P_______ RURAL BANK OF MAKATI, INC. being a gift in favor of a charitable institution is exempt from the payment of the donor's tax pursuant to Section 101 (A) (3) 1 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. CAIHTE However, the Deed of Donation is subject to documentary stamp tax (DST) of Seventy-five centavos (P0.75) 2 on each Two Hundred Pesos (P200.00) or fractional part thereof, of the par value of the shares imposed under Section 175 of the 1997 Tax Code, as amended, and to DST of P15.00 3 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 4th day of April, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Now Section 101 (A) (2) of the Tax Code of 1997, as amended by Republic Act No. 10963 or TRAIN Law. 2. The old DST rate of P0.75 was used since the donation took place prior to the effectivity of R.A. No. 10963. 3. The old DST rate of P15.00 was used since the donation took place prior to the effectivity of R.A. No. 10963.