E.M. Cuerpo, Inc.

February 21, 2019 CERTIFICATE OF TAX EXEMPTION NO. 159-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that E.M. CUERPO, INC. (TIN: 000-000-000-000), a private 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 (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the construction of socialized housing units under the National Housing Authority (NHA)'s Typhoon Yolanda Permanent Housing Program, to wit: Date of Notice of Award Date of Contract Agreement Contract Price Project Name Location No. of Socialized Housing Units subject of tax exemption March 31, 2015 September 03, 2015 1 September 16, 2015 2 P___________ St. Francis Village Brgy. Suhi, Tacloban City 1,000 housing units However, the purchases of goods/articles by E.M. CUERPO, 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 E.M. CUERPO, INC. must issue VAT-exempt 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 21st day of February, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Date acknowledged by E.M. Cuerpo, Inc. 2. Date acknowledged by the NHA.