Roman Catholic Archbishop of Cebu- Most Rev. Jose S. Palma, DD.

March 7, 2018 CERTIFICATE OF TAX EXEMPTION NO. 338-2018 CERTIFICATE OF TAX EXEMPTION issued to ROMAN CATHOLIC ARCHBISHOP OF CEBU- MOST REV. JOSE S. PALMA, DD. 910 Reina Regente, Binondo, Manila 1006234 D. Jakosalem St., Cebu City TIN: ____________________ This certifies that donation under the Deed of Donation dated October 19, 2014 executed by the ROMAN CATHOLIC ARCHBISHOP OF CEBU-MOST REV. JOSE S. PALMA, DD. , represented by Most Rev. Jose S. Palma, DD. in favor of: HTcADC Name of Donee TIN Address Redemptorist Vismin Church, Inc. General Maxilom Avenue, Cebu City covering the following property: Transfer Certificate of Title Area (sq.m.) Area Donated (sq.m.) Location 7,920 7,920 Busay, Cebu City 1,236 1,236 Lahug, Cebu City 823 823 Kamputhaw, Cebu City 952 952 Pagsabungan, Mandaue City 10,174 10,174 Pagsabungan, Mandaue City 15,215 15,215 Pagsabungan, Mandaue City 4,061 4,061 Babag, Cebu City 1,529 1,529 Cebu City 3,867 3,867 Cebu City 2,195 2,195 Kamputhaw, Cebu City 3,491 3,491 Kamputhaw, Cebu City 15,650 15,650 Kamputhaw, Cebu City 42,532 42,532 Lahug, Cebu City 325 325 Nivel, Cebu City 21,192 21,192 Nivel, Cebu City 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 said gift shall be used by the donee for administration purposes. The Register of Deeds shall annotate such condition at the back of the Transfer Certificates of Title because failure to comply with said condition shall subject the donation to donor's tax. Moreover, Section 185 of Regulations No. 26, otherwise known as the Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code of the 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. Issued this 7th day of March, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue