La Mar Realty and Developers, Inc.

December 2, 2019 CERTIFICATE OF TAX EXEMPTION NO. 719-19 CERTIFICATE OF TAX EXEMPTION issued to LA MAR REALTY AND DEVELOPERS, INC. Lark cor. Flamingo Sts.,New Marikina Subd., Sta. Elena, Marikina City 1806 TIN: 000-000-000-000 This certifies that donation under the Deed of Donation dated December 27, 2013, executed by LA MAR REALTY AND DEVELOPERS, INC. in favor of: HTcADC Name of Donee TIN Address City Government of Marikina 000-000-000-000 Sta. Elena, Shoe Avenue, Marikina City covering the following properties: Transfer Certificate of Title Tax Declaration No. Area (m 2 ) Area Donated (m 2 ) Location 216724 E-0017-052009 12.13 12.13 Apitong, Marikina Heights, Marikina City 216725 E-0017-178746 517.84 517.84 Apitong, Marikina Heights, Marikina City 216725 E-0017-178752 195.67 195.67 Apitong, Marikina Heights, Marikina City 216725 E-0017-178753 180.60 180.60 Apitong, Marikina Heights, Marikina City 169549 E-0017-055622 15 15 Apitong, Marikina Heights, Marikina City 169550 E-0017-055625 1,330.10 1,330.10 Apitong, Marikina Heights, Marikina City 216307 E-0016-047963 834 834 Magsaysay, Brgy. Parang, Marikina City 216308 E-0016-048001 613 613 Magsaysay, Brgy. Parang, Marikina City 216309 E-0016-048007 97 97 Magsaysay, Brgy. Parang, Marikina City 216310 E-0016-048016 93.30 93.30 Magsaysay, Brgy. Parang, Marikina City 216265 E-0016-047105 15 15 Magsaysay, Brgy. Parang, Marikina City being a donation in favor of a political subdivision of the 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. 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 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 2nd day of December, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Now Section 101 (A) (1) of the Tax Code of 1997, as amended by Republic Act No. 10963. 2. The old DST rate of P15.00 is used since the donation took place prior to the effectivity of R.A. No. 10963.