The One Dynamic Three Realty and Development Corp.

February 21, 2018 CERTIFICATE OF TAX EXEMPTION NO. 244-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that THE ONE DYNAMIC THREE REALTY AND DEVELOPMENT CORP. (TIN: 006-821-460-001), 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 (RA) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992," on its income received directly in connection with the acquisition of land development and/or completed housing units by the NHA in the implementation of the housing program for Informal Settlers Families (ISF's) and other beneficiaries under the NHA's Socialized Housing Program through the Community Initiative Approach Program (CIAP), to wit: Projects Name Location No. of Socialized Housing Units Subject of Tax Exemption Beneficiaries Cateel Housing Project Brgy. Taytayan, Cateel, Davao Oriental 656 1 Taytayan Heights Homeowner's Association, Inc. San Antonio Village III Brgy. San Antonio Cateel, Davao Oriental 294 2 Saint Anthony Ville Homeowners Association, Inc. San Alfonso Village Brgy. San Alfonso, Cateel, Davao Oriental 172 3 San Alfonso Villages Homeowners Association, Inc. However, the purchases of goods/articles by The One Dynamic Three Realty and Development Corp. shall be subject to VAT, even if the said purchases are to be used for the above-mentioned socialized housing projects, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that The One Dynamic Three Realty and Development Corp. must issue VAT-exempt official receipts on its gross receipts from the said socialized housing projects. Upon application for exemption, a lien on the titles of the lands shall be annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to 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 21st day of February, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Developed and constructed on the parcels of land covered by TCT Nos. T-54841 [formerly OCT No. (P-8979) P-1966] and T-55081 with an aggregate area of 69,210 square meters, more or less. 2. Developed and constructed on the parcel of land covered by TCT No. T-55577 [formerly OCT No. (P-9166) P-2128] with an aggregate area of 27,571 square meters, more or less. 3. Developed and constructed on the parcel of land covered by TCT No. T-55075 (formerly OCT No. EPO-1060) with an aggregate area of 20,000 square meters, more or less.