Delta Motor Sales Corporation

January 10, 2019 CERTIFICATE OF TAX EXEMPTION NO. 087-19 CERTIFICATE OF TAX EXEMPTION issued to Name of Seller TIN Address DELTA MOTOR SALES CORPORATION 000-000-000-000 96 Mirasol, Cubao, Quezon City 1109 -and- Name of Homeowners Association (HOA) TIN Address SAMAHANG MAGKAKAPITBAHAY HOMEOWNERS ASSOCIATION, INC. 000-000-000-000 38 Hill St., Talanay, Area A, Batasan Hills, Quezon City This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated May 23, 2018, over the parcel of land described below, to wit: HTcADC Transfer Certificate of Title Total Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location 318139 518 518 518 Talanay, Area A, Batasan Hills, Quezon City being a Community Mortgage Program (CMP), 1 is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended. It is, however, understood that this Certificate of Tax Exemption is never intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard, this Certificate 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 Revenue Memorandum Order (RMO) No. 15-2003. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D) (1) and/or 27 (D) (5) of the 1997 Tax Code, as amended. This Certificate 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 10th day of January, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Shall be proportionately distributed to the association's qualified member-beneficiaries (See Annex).