Eddmari Construction and Trading/Aina Construction-Joint Venture

January 23, 2018 CERTIFICATE OF TAX EXEMPTION NO. 033-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that EDDMARI CONSTRUCTION AND TRADING/AINA CONSTRUCTION-JOINT VENTURE , 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, otherwise known as the "Urban Development and Housing Act of 1992," on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: ITAaHc Project Name Location No. of Socialized Housing Units/Lots Subject of Tax Exemption Date of Notice of Award Date of Contract Agreement Contract Price Tangalan Housing Project Brgy. Jawili, Tangalan, Aklan 590 June 20, 2016 July 26, 2017 P____________ Villa Lupa-an Nuevo 1 Brgy. Lupa-an, Laua-an, Antique 629 June 20, 2016 December 6, 2016 P____________ Villa Lupa-an Nuevo 2 Brgy. Lupa-an, Laua-an, Antique 151 June 20, 2016 December 6, 2016 P____________ However, the purchases of goods/articles by EDDMARI CONSTRUCTION AND TRADING/AINA CONSTRUCTION-JOINT VENTURE shall be subject to VAT, even if the said purchases are to be used for the socialized housing projects, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that EDDMARI CONSTRUCTION AND TRADING/AINA CONSTRUCTION-JOINT VENTURE must issue VAT-exempt official receipts on its gross receipts from the said socialized housing projects. Moreover, the Deeds of Absolute Sale/Unilateral Sale executed by the Landowners in favor of the NHA over the parcels of land described below, to wit: Date of Deeds of Absolute Sale Name of Landowner/Seller Original Certificate of Title (OCT)/Transfer Certificate of Title (TCT) No. Area (sq.m.) Area Transferred (sq.m.) Location November 17, 2016 AAA (in behalf of the Heirs of BBB) P-35764 5,255 5,255 Brgy. Jawili, Tangalan, Aklan November 17, 2016 CCC (in behalf of the Heirs of DDD) P-18650 1,971 1,971 Brgy. Jawili, Tangalan, Aklan November 17, 2016 EEE (in behalf of the Heirs of FFF) P-18897 24,703 24,703 Brgy. Jawili, Tangalan, Aklan November 17, 2016 GGG (in behalf of the Heirs of HHH) P-21097 11,820 11,820 Brgy. Jawili, Tangalan, Aklan October 27, 2016 III P-44957 10,581 10,581 Brgy. Lupa-an, Laua-an, Antique October 27, 2016 JJJ P-44953 41,613 41,613 Brgy. Lupa-an, Laua-an, Antique which shall be used for the above-mentioned socialized housing projects, are not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279. 1 It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. CHTAIc 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 23rd day of January, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. The tax exemption set forth herein does not include exemption from estate tax which may be due, if any, from the transfer of the subject real properties.