Disneyland Homeowners Association, Inc.

February 3, 2017 CERTIFICATE OF TAX EXEMPTION NO. 036-17 CERTIFICATE OF TAX EXEMPTION issued to Name of Sellers TIN Address Consolacion M. Compas 159-747-757-000 45 Nagoya St., BFTHAI, BF Homes Subdivision, Las Pias City Susan C. Oue 448-173-964-000 325 Montana Homes, Maybunga, Pasig City Ferdinand M. Compas 127-344-532-000 Block 25, Lot 63, Parklanes Homes, San Francisco, General Trias, Cavite Ma. Teresa C. De La Cruz 159-812-246-000 325 Montana Homes, Maybunga, Pasig City Alberto M. Compas, Jr. 164-651-967-000 23-C Saint Bernadette St., Phase II, Antipolo City Christopher D. Compas 116-786-839-000 Block 4 Lot 1 Venoz St. Delnor Subdivision, Talon V, Las Pias City Clifford M. Compas 912-581-519-000 31 Caracas St., BF International, Talon, Las Pias City Joan M. Compas 912-248-552-000 45 Nagoya St., BFTHAI, BF Homes Subdivision, Las Pias City Rianesh P. Compas 448-211-665-000 Brgy. 93, Bagacay, Tacloban City -and- Name of Homeowners TIN Address Association (HOA) Disneyland Homeowners 458-486-988-000 Brgy. 93, Bagacay, Tacloban Association, Inc. City This certifies that the Deed of Absolute Sale entered by the Sellers (Attorney-in-fact, Clifford M. Compas) and the HOA dated October 9, 2015 over a parcel of land described below, to wit: Transfer Certificate of Title Area (sq.m.) Transferred Area of CMP Location (sq.m.) (sq.m.) T-60765 (Now: 122- 24,644 19,747 19,747 Brgy. 93, Bagacay, 20150000406) Tacloban City being a Community Mortgage Program (CMP), 1 is not subject to income tax/capital gains tax/expanded withholding tax and value-added tax pursuant to Section 32 (b) of RA No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended. The transaction is, however, subject to documentary stamp tax under Section 196 of the same Code. It is, however, understood that this 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 of authority to register 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 Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under RMO No. 15-2003. The Bureau of Internal Revenue shall conduct verification and post-audit that the actual occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the sellers are entitled to exemption from capital gains tax or income tax imposed under Secs. 24 (D) (1) and/or 27 (D) (5) the Tax Code of 1997, as amended. 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 February, 2017. caITAC (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX Masterlist of Beneficiaries and Loan Apportionment Footnotes 1. Shall be proportionately distributed to the association's qualified member-beneficiaries (See Annex).