Rockford Development Corporation

July 5, 2019 CERTIFICATE OF TAX EXEMPTION NO. 381-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that ROCKFORD DEVELOPMENT CORPORATION , with Taxpayer's Identification Number (TIN) 000-000-000-000, is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d) (1) 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 Quezon City Government's Socialized Housing Program (On-Site), to wit: Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Lots Subject of Tax Exemption/Kind of Development Feb. 01, 2018 Feb. 12, 2018 ___________ Bistekville-29 Brgy. Gulod, Quezon City 90 condominium units of three-storey walk-up However, the above Contract, having been executed on February 12, 2018, is subject to value-added tax (VAT) pursuant to Republic Act (RA) No. 10963, otherwise known as the "Tax Reform for Acceleration and Inclusion (TRAIN) Law " which took effect on January 01, 2018. 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 5th day of July, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue