On November 25, 2010, The Bureau of Internal Revenue issued Revenue Regulations No. 15-2010amending certain Provisions of Revenue Regulations No. 21-2002, as Amended, Implementing Section 6 (H) of the Tax Code of 1997, authorizing the Commissioner of Internal Revenue to prescribe additional procedural and/or documentary requirements in connection with the preparation and submission of financial statements accompanying the tax returns.

In addition to the disclosures mandated under the Philippine Financial Reporting Standards, and such other standards and/or conventions as may heretofore be adopted, the Notes to Financial Statements shall include information on taxes, duties and license fees paid or accrued during the taxable year as follows:

Value Added Tax (VAT)

Our Company’s VAT payable as of December 31, 2010 are computed as follows:

{Kindly disclose legal basis for zero rated and exempt sales or transactions.}

{If the amount of gross sales or service income indicated in this note is different from the amount declared in the statements of comprehensive income kindly indicate the reason}

Landed Cost, Custom Duties and Tariffs

Total landed cost, custom duties and tariffs paid and accrued related to our importation amounts to P___________ for the year ended December 31, 2010 as follows:

Excise Taxes

This account consists of:

Documentary Stamp Taxes

This account consists of:

Other Taxes, Local and National

This account consists of taxes and licenses paid and accrued for the year ended December 31, 2010 as follows:

Withholding Taxes

Our Company’s withholding tax for the year ended December 31, 2010 is as follows:

i. Withholding Tax on Compensation and Fringe benefits

ii. Expanded Withholding Tax

iii. Final Withholding Tax

iv. Creditable Withholding Tax

Deficiency Tax Assessment

i. Tax Assessments

Our Company received the following Final Assessment Notices (FAN):

ii. Tax Cases

(Kindly disclose description as to the Company’s current tax cases)