Robig Builders and Development Corp. Three W Builders, Inc

August 20, 2019 CERTIFICATE OF TAX EXEMPTION NO. 450-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that ROBIG BUILDERS AND DEVELOPMENT CORP. 1 /THREE W BUILDERS, INC. 2 JOINT VENTURE , 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/development of socialized housing units under the National Housing Authority (NHA)'s 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 October 23, 2014 February 12, 2015 3 February 24, 2015 4 P__________ Salvation Heights Brgy. Salvacion and Tigbao, Tacloban City, Leyte 532 units However, the purchases of goods/articles by ROBIG BUILDERS AND DEVELOPMENT CORP./THREE W BUILDERS, INC. JOINT VENTURE 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 ROBIG BUILDERS AND DEVELOPMENT CORP./THREE W BUILDERS, INC. JOINT VENTURE must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deed of Absolute Sale executed by the Landowners in favor of the NHA over the parcel of land described below, to wit: Date of the Deed of Absolute Sale Name of Landowners Transfer Certificate of Title (TCT) Area (Sq. m.) Area Transferred (Sq. m.) Location July 13, 2018 5 August 08, 2018 6 Spouses AAA and BBB T-0000 21,419 21,419 Brgy. Tigbao, Tacloban City, Leyte which was used for the above-mentioned socialized housing project, is not subject to capital gains tax (CGT) and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 7279, as amended. It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds (RD) to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. This CTE 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 20th day of August, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Taxpayers Identification Number (TIN) 000-000-000-000. 2. TIN 000-000-000-000. 3. Date acknowledged by Robig Builders and Development Corp. 4. Date acknowledged by the NHA. 5. Date acknowledged by Spouses AAA and BBB. 6. Date acknowledged by the NHA.