Linear Construction Corporation

February 9, 2017 CERTIFICATE OF TAX EXEMPTION NO. 052-17 TO ALL WHOM IT MAY CONCERN : This certifies that LINEAR CONSTRUCTION CORPORATION with Tax Identification Number 000-392-340-000, 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 Yolanda Permanent Housing Program, to wit: Date of Date of Contract Contract Price Project Name Location No. of Socialized Notice of Agreement (Php) Housing Units Award subject of tax exemption October 2, November 13, P198,070,000.00 Villa Victoria 3 Brgy. 13, Victorias 683 2015 2015 City, Negros Occidental However, the purchases of goods/articles by LINEAR CONSTRUCTION CORPORATION 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 LINEAR CONSTRUCTION CORPORATION must issue non-VAT 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 9th day of February, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue