Certificate of Tax Exemption No. 102-19

January 11, 2019 CERTIFICATE OF TAX EXEMPTION NO. 102-19 CERTIFICATE OF TAX EXEMPTION issued to Name of Seller TIN Address AAA married to BBB 000-000-000 _________________________ CCC married to DDD 000-000-000 _________________________ EEE married to FFF 000-000-000 _________________________ GGG 000-000-000 _________________________ HHH married to III 000-000-000 _________________________ JJJ 000-000-000 _________________________ All duly represented by their co-owner and Attorney-in-fact AAA -and- Name of Homeowners Association (HOA) TIN Address Villa Lopez Homeowners Association, Inc. 000-000-000-000 Burgos St., Brgy. Fatima, Cabanatuan City This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated June 5, 2017 over a parcel of land described below, to wit: TIADCc Transfer Certificate of Title Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location 046-2013005857 973 913 913 Burgos St., Brgy. Fatima, Cabanatuan 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 11th 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).