Triumph Builders & Steel, Inc.

January 16, 2018 CERTIFICATE OF TAX EXEMPTION NO. 014-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that TRIUMPH BUILDERS & STEEL, INC. (TIN: 000-298-175-000), an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 (d) (1) and (3) of Republic Act No. 7279, on its income received directly in connection with the construction/development of socialized housing units under the NHA's Socialized Housing Program, intended for the relocation and resettlement of Informal Settler Families (ISFs) living in danger areas and in other public places, to wit: Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption March 9, 2017 May 19, 2017 P78,960,093.89 Construction of Eight (8)-Three (3) Storey Low Rise Bldg. and Land Development Site 4, Package 2 Brgy. Bignay, Valenzuela City 288 However, the purchases of goods/articles by TRIUMPH BUILDERS & STEEL, INC. shall be subject to VAT, even if the said purchases are to be used for the socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that TRIUMPH BUILDERS & STEEL, INC. must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project. 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 16th day of January, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue