Maybank Philippines, Inc.

July 4, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1046-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that the Deed of Absolute Sale, 1 entered into by and between: cSEDTC Name of Sellers/Landowners TIN Address Maybank Philippines, Inc. (formerly, Republic Planters Bank) 888-543-000 7th Avenue cor. 28th Street, Bonifacio High Street Center, Bonifacio Global City, Taguig City -and- Name of Homeowners Association (HOA) TIN Address Mabini Altavas Urban Homeowners Association, Inc. 428-142-041 Altavas Subdivision Arnaldo Boulevard, Baybay, Roxas City over two (2) parcels of land described below, to wit: Transfer Certificate of Title (TCT) No. Area (sq. m.) Transferred (sq. m.) Area of CMP (sq. m.) Location T-24835 6,820 6,820 6,820 Sitio Mabini, Barangay Baybay, Roxas City, Capiz Province T-24836 8,710 8,710 8,710 Sitio Mabini, Barangay Baybay, Roxas City, Capiz Province being a Community Mortgage Program (CMP), 2 is not subject to capital gains tax and value-added tax (VAT) pursuant to Section 32 (b) of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the National Internal Revenue Code of 1997, as amended. However, the transaction is subject to documentary stamp tax (DST) under Section 196 of the same Code. 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 National Internal Revenue Code of 1997, as amended. AIDSTE 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 4th day of July, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Acknowledged by Atty. Ramil M. De Villa, as Vendor, on September 6, 2017 and acknowledged by Joseph D. Portillo, as Vendee, on October 2, 2017. 2. Shall be proportionately distributed to the association's qualified member-beneficiaries.