Stateland, Inc.

April 3, 2018 CERTIFICATE OF TAX EXEMPTION NO. 587-18 CERTIFICATE OF TAX EXEMPTION issued to STATELAND, INC. TIN: 000-000-000-000 This Certifies that the donation under the Deeds of Donation dated June 17, 2014, executed by Stateland, Inc. in favor of: Name of Donee TIN Address City Government of Dasmarias 000-000-000-000 Dasmarias, Cavite over the following road lots described below, to wit: Transfer Certificate of Title Nos. Area (sq.m.) Location T-1020463 4,282 Road Lot 1 of the cons./subd. plan, PSD-04-017530, being a portion of Lot 3789-A, Psd-04-143242, Lot 3792-A, Psd-04-139123, Lot 3795-A, Psd-04-135516, & Lot 3797, Imus Estate LRC Rec. No. T-1020464 148 Road Lot 1-A of the cons./subd. plan T-1035302 1,100 Lot Road 1 of the cons./subd. plan PCS-04-018951, being the cons. of Lot 1, Blk. 39, Pcs-04-017530 and Lot 3789-B-5, Psd-04-147139 T-1020465 1,933 Road Lot 2 of the cons./subd. plan. PCS-04-017530, being a portion of Lot 3789-A, Psd-04-143242, Lot 3792-A, Psd-04-139123, Lot 3795-A, Psd-04-135516, & Lot 3797, Imus Estate LRC Rec. No. T-1020466 144 Road Lot 2-A of the cons./subd. plan T-1020467 648 Road Lot 2-B of the cons./subd. plan T-1035113 402 Road Lot 2 of the cons./subd. plan, PCS-04-018951, being the cons. of Lot 1, Blk. 39, Pcs-04-017530 and Lot 3789-B-5, Psd-04-147139 T-1020468 3,975 Road Lot 3 of the cons./subd. plan, PCS-04-017530, being a portion of Lot 3789-A, Psd-04-143242, Lot 3792-A, Psd-04-139123, Lot-3795-A, Psd-04-135516, & Lot 3797, Imus Estate LRC Rec. No. T-1020469 138 Road Lot 3-A of the cons./subd. plan T-1020470 207 Road Lot 3-B of the cons./subd. plan T-1020471 215 Road Lot 3-C of the cons./subd. plan T-1035304 440 Road Lot 3 of the cons./subd. plan, PCS-04-018951, being the cons. of Lot 1, Blk. 39, Pcs-04-017530 and Lot 3989-B-5, Psd-04-147139 T-1020472 3,520 Road Lot 4 of the cons./subd. plan, PSD-04-017530, being a portion of Lot 3789-A, Psd-04-143242, Lot 3792-A, Psd-04-139123, Lot 3795-A, Psd-04-135516, & Lot 3797, Imus Estate LRC Rec. No. T-1020473 2,762 Road Lot 5 of the cons./subd. plan T-1020474 163 Road Lot 5-A of the cons./subd. plan T-1020475 512 Road Lot 6 of the cons./subd. plan T-1020476 523 Road Lot 7 of the cons./subd. plan T-1020477 534 Road Lot 8 of the cons./subd. plan T-1020478 527 Road Lot 9 of the cons./subd. plan T-1020479 512 Road Lot 10 of the cons./subd. plan T-1020480 502 Road Lot 11 of the cons./subd. plan T-1020481 665 Road Lot 12 of the cons./subd. plan T-1020482 624 Road Lot 13 of the cons./subd. plan T-1020483 587 Road Lot 14 of the cons./subd. plan T-1020484 558 Road Lot 15 of the cons./subd. plan T-1020485 529 Road Lot 16 of the cons./subd. plan T-1020486 950 Road Lot 17 of the cons./subd. plan T-1020487 909 Road Lot 18 of the cons./subd. plan T-1020488 849 Road Lot 19 of the cons./subd. plan T-1020489 811 Road Lot 20 of the cons./subd. plan T-1020490 753 Road Lot 21 of the cons./subd. plan T-1020491 562 Road Lot 22 of the cons./subd. plan T-1020492 346 Road Lot 23 of the cons./subd. plan T-1039991 230 Lot 1-B, of the subd. plan, PSD-04-140398, being a portion of Lot 1 (LRC) Pcs-30671, LRC Rec. No. and open spaces described below, to wit: Transfer Certificate of Title Nos. Area (sq.m.) Location T-1020181 156 Lot 1, Blk. 16 of the cons./subd. plan, PCS-04-017530, being a portion of Lot 3789-A, Psd-04-143242, Lot 3792-A, Psd-04-139123, Lot 3785-A, Psd-04-135516, & Lot 3797, Imus Estate, LRC Rec. No. T-1020274 5,219 Lot 1, Blk. 23 of the cons./subd. plan T-1020373 620 Lot 1, Blk. 30 of the cons./subd. plan T-1020457 181 Lot 1, Blk. 38 of the cons./subd. plan T-1020440 110 Lot 1, Blk. 36 of the cons./subd. plan T-1020459 27 Easement 1, of the cons./subd. plan, PCS-04-017530, being a portion of Lot 3789-A, Psd-04-143242, Lot 3792-A, Psd-04-139123, Lot 3795-A, Psd-04-13516, & Lot 3797, Imus Estate, LRC Rec. No. T-1020460 189 Easement 2, of the cons./subd. plan T-1020461 277 Easement 3, of the cons./subd. plan T-1020462 95 Easement 4, of the cons./subd. plan T-1035300 58 Lot 15, Blk. 4 of the cons./subd. plan, PCS-04-018951, being the cons. of Lot 1, Blk. 39, Pcs-04-017530 & Lot 3799-B-5, Psd-04-147139 T-1035301 8 Lot 16, Blk. 4 of the cons./subd. plan being a donation in favor of the City Government of Dasmarias, a political subdivision of the National Government, is exempt from the payment of the donor's tax pursuant to Section 101 (A) (2) 1 of the Tax Code of 1997, as amended. 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 of 1997, as amended, but only to the documentary stamp tax of P15.00 2 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 3rd day of April, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Now Section 101 (A) (1) of the 1997 Tax Code, as amended by Republic Act No. 10963. 2. The old DST rate of P15.00 is used since the donation took place prior to RA No. 10963.