Phintecstar Construction, Inc.

September 11, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1205-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that PHINTECSTAR CONSTRUCTION, INC. (TIN: 000-000-000-000), 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 Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption May 19, 2017 November 8, 2017 P_____________ Baybay Housing Project (Villa Soledad) Brgys. Punta and Jaena, Baybay City, Leyte 356 However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION, INC. 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 PHINTECSTAR CONSTRUCTION, INC. must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deed of Absolute Sale/Unilateral Sale Executed by the Landowners in favor of the NHA over the parcels of land described below, to wit: Date of Deed of Absolute Sale Name of Landowner/Seller Original/Transfer Certificate of Title No. Area (Sq. m.) Area Transferred (Sq. m.) Location May 2, 2018 AAA T-24494 19,916 17,848 Brgy. Punta, Baybay City, Leyte May 2, 2018 BBB 1 OCT No. 3871 27,209 9,753 Brgy. Jaena, Baybay City, Leyte which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax under Sections 19 and 20 of Republic Act (RA) No. 7279. 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 11th day of September, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. This Certificate of Tax Exemption does not include exemption from estate tax on the transfer of lot from the registered owner to his heir.