Stateland, Inc.

April 3, 2018 CERTIFICATE OF TAX EXEMPTION NO. 588-18 CERTIFICATE OF TAX EXEMPTION issued to STATELAND, INC. 3/F State Centre Bldg., 333 Juan Luna St., Binondo, Manila 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-740291 2,752 Road Lot 1, of the subd. plan, PSD-04-100270, being a portion of the Lot 3456, Imus Estate, Rs-04-000713, LRC Rec. No. T-740292 1,219 Road Lot 2, of the subd. plan T-740293 529 Road Lot 3, of the subd. plan T-740294 1,033.50 Road Lot 4, of the subd. plan T-740295 179 Road Lot 5, of the subd. plan T-740296 1,047 Road Lot 6, of the subd. plan T-740297 1,688.50 Road Lot 7, of the subd. plan T-740298 858 Road Lot 8, of the subd. plan T-740299 938.50 Road Lot 9, of the subd. plan T-740300 1,019 Road Lot 10, of the subd. plan T-740301 832 Road Lot 11, of the subd. plan T-740302 138 Road Lot 12, of the subd. plan T-740303 138 Road Lot 13, of the subd. plan T-740304 1,601 Road Lot 14, of the subd. plan T-740305 108 Road Lot 15, of the subd. plan T-879580 228 Lot 3345-A-1, of the subd. plan, PSD-04-091836, being a portion of Lot 3345-A and open spaces described below, to wit: Transfer Certificate of Title Nos. Area (sq.m.) Location T-737435 442 Lot 7, Block 1 of the subd. plan, PSD-04-100270, being a portion of the lot 3456, Imus Estate, Rs-04-000713, LRC Rec. No. T-737436 32 Lot 8, Block 1 of the subd. plan T-737437 2 Lot 9, Block 1 of the subd. plan T-737444 49 Lot 7, Block 2 of the subd. plan T-737476 1 Lot 24, Block 4 of the subd. plan T-878360 8.50 Lot 7-B of the subd. plan, PSD-04-120404, being a portion of Lot 7, Blk. 4, PCS-04-100270 T-874044 2 Lot 8-B of the subd. plan, PSD-04-118356, being a portion of Lot 8, Blk. 4, PCS-04-100270, LRC Rec. No. T-737653 1,608 Lot 9, Blk. 10 of the subd. plan, PSD-04-100270, being a portion of lot 3456, Imus Estate, Rs-04-000713, LRC Rec. No. T-740264 20 Lot 53, Blk. 13 of the subd. plan T-740265 1,089.50 Lot 54, (Easement) Blk. 13 of the subd. plan T-740285 4 Lot 20, Blk. 14 of the subd. plan T-740286 19 Lot 21, Blk. 14 of the subd. plan T-740287 4 Lot 22, Blk. 14 of the subd. plan T-740288 14 Lot 23, Blk. 14 of the subd. plan T-740289 34 Lot 24, Blk. 14 of the subd. plan T-740290 7 Lot 25, Blk. 14 of the subd. plan T-895483 5 Lot 5-B of the subd. plan, PSD-04-121993, being a portion of Lot 5, Blk. 14, PSD-04-100270, LRC Rec. No. 8843 T-896671 3 Lot 15-B of the subd. plan, PSD-04-121991, being a portion of Lot 15, Blk. 14, PSD-04-100270, LRC Rec. No. T-895485 3.50 Lot 18-B of the subd. plan, PSD-04-121992, being a portion of Lot 18, Blk. 14, PSD-04-100270, LRC Rec. No. T-957865 2 Lot 19-B of the subd. plan, PSD-04-135224, being a portion of Lot 19, Blk. 14, PSD-04-100270, LRC Rec. No. 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.