Certificate of Tax Exemption No. 776-18

May 8, 2018 CERTIFICATE OF TAX EXEMPTION NO. 776-18 CERTIFICATE OF TAX EXEMPTION issued to EMPLOYEE'S NAME TIN 1 FIRME, EUGENIA CARO 177-612-827 2 LALIMAN, ALLAN REMO 286-454-290 3 DEL ROSARIO, HOWARD MANLUNGAT 223-957-315 4 SALES, JAY-AL GAAS 257-452-661 5 PEREZ, BENJIE PERA 423-189-435 6 PIZARRA, ERWIN CASTILLO 306-793-540 7 COLLANTES, REYZELL ENCINA 255-019-999 8 HOLGADO, ROSE-ANN CANTOS 401-404-806 9 MALATE, VANESSA ENDRACA 308-153-461 10 BASCO, MARY ANN CANCIONAL 274-022-255 11 LOPEZ, DOMINADOR CONTRERAS 265-002-019 12 RIO, MARY JANE PASCUAL 241-572-113 13 ARAO, JASMIN NORA 462-087-674 14 CASTILLO, CONTESSA TEODOSEO 259-075-959 15 BONYE, MARY JOY CREDO 310-991-567 16 COMPETENTE, CARINA BILAOS 417-819-202 17 BONINA, MARIA ELISA PAEZ 301-677-646 18 GAJARDO, CAREN ORDOA 311-214-744 19 DEL MUNDO, SHARMAINE MERCADO 310-901-657 20 BABALCON, BABY FRANCIS DADOR 231-657-493 21 LUBERIO, MICHELLE LAJARA 228-895-360 22 PIAMONTE, JOANA MARIE ZAPRA 268-477-489 23 COLOPANO, MIEBEL MILLARES 284-199-394 24 VILLAFUERTE, ROMELYN LEAL 310-785-215 25 MADRIGAL, EDLYN LAYLAY 302-478-009 26 PEASCOSAS, ROSALIE BURSILANGCO 311-030-543 27 FORTES, JUVIELYN GOPELA 310-920-831 28 AYAG, CHAMBY FLOR 312-708-565 29 DE GALA, AMELIA AUSTRIA 311-272-923 30 MANES, MARIA FE HERRERA 264-986-505 31 BARRAMEDA, HAZEL JOY MARQUEZ 406-351-048 32 RESABA, IMELDA FELICIANO 401-620-190 33 CARAAN, SHARON BORJA 311-272-893 34 MARCELLANA, GRACE SIMARA 309-373-172 35 PALOMARES, JOAN RIEGO 401-613-810 36 ARCEGA, RONA VISPO 259-487-927 37 HERNANDEZ, JONALYN MANALO 401-570-993 38 BLASABAS, GRACE HEIDEE TRAJANO 313-286-902 39 FIGURA, KRISTINE PANTE 310-956-972 40 ROBLES, ELLA MARIE ESPINILI 424-278-961 41 DIMAUNAHAN, ROSALIE ALVAREZ 288-912-202 42 DAUPLO, CHEENNA LAENE JAREOL 311-272-907 43 CAY, MAILENE ARIOLA 310-999-718 44 ORUGA, KRISTINE JOY OLEA 265-691-652 45 DE VILLA, LOIDA AQUINO 402-693-345 46 AMUTAN, MARICEL PEDROCHE 257-222-335 47 PALOMARES, IRIS ANNE RIEGO 314-733-035 48 LUCAS, PRINCESS MAE AUSTRIA 274-021-576 49 PACUNAYEN, MELODY MEERA 431-669-931 50 HINAMPAS, CHARLOTTE LAGURA 282-938-099 51 DIOKNO, MA. LARIZA LALOG 432-526-234 52 MALABANAN, MANILYN SANTIAGO 314-728-550 53 SULIT, MARY ROSE DASCO 314-866-527 54 LIMBAUAN, GLENDA TANGUILAN 311-378-340 55 FAJARDO, CINDY SAMAYLA 424-771-709 56 MAGTAAS, MA. VICTORIA SENADOR 309-519-042 57 MANALO, IRMA AUTOR 311-544-467 58 NOVILLA, BABY JEAN SOLETA 277-291-575 59 DEJERO, JUNA REYES 259-209-289 60 CUMBE, JOANNA MARIE PALMA 308-987-953 61 CARILLO, RECHEL PEA 270-128-506 62 MALVEDA, ROSELYN NUEZ 314-728-810 63 SIRATO, GENELYN CARABIDO 311-545-790 64 SUMAGUI, MARIA REGELIZ BALAURO 311-472-043 65 DELGACO, GERALDINE MOTA 402-707-110 66 VILLANUEVA, CRYSTINE MARQUEZ 272-518-217 67 CORONADO, DAISY RESURRECCION 283-989-014 68 PIAMONTE, KATHERINE BARILLA 308-989-149 69 AVERION, EFRIL BANAAG 311-852-698 70 BRAZAL, EMILY BELENCIO 310-926-142 71 SARMIENTO, MARIA JENNY BAUTISTA 318-031-598 72 GULLES, ROSELA GONO 250-193-997 73 DIOMAMPO, MARIE CRIS SALAMATIN 311-044-269 74 CAPADA, SHELVIE AGNO 261-916-855 75 SANTOS, MARIA ZITA QUIZON 277-168-521 76 DE CHAVEZ, LEAH MARALIT 309-947-156 77 PIOL, ANGELICA MALATE 310-784-569 78 ARTAGAME, CRISTINA TAPAY 302-404-532 79 ALVAREZ, MARIA FE RAMOS 400-995-852 80 FERMALAN, RONALYN CARUBIO 255-402-399 81 ATIENZA, BERNADETTE FAITH TAGACTAC 322-031-391 82 URI, CHARMAINE LLACUNA 324-350-969 83 PALULAN, ROMARICO MANUBE 313-890-301 84 GOMEZ, ERICK TALAOC 326-193-900 85 BORJA, KAREN KAYE LARGO 276-690-746 86 ARANILLO, ROSE AN CONSTANTINO 296-121-460 87 PACANA, LENIE LACORTE 944-592-268 88 PODACA, MA. CZARINA CANTOS 308-122-760 89 VIBANDOR, JENNY MAY DOLOSO 295-736-646 90 CERVANTES, LENY VARGAS 311-488-105 91 CASTILLO, MARY JOY ALCANTARA 480-621-765 92 AZUELA, CAROL VALENZUELA 266-402-008 93 HERNANDEZ, MARK LOUIE MACALINTAL 440-325-980 94 ABRENICA, JENNIFER MERCADO 431-669-819 95 HERNANDEZ, NELLA HERNANDEZ 228-652-161 96 BOONGALING, HONESTIL RAPIRAP 401-867-109 97 OROLFO, JOSEPHINE FRANCISCO 410-195-094 98 CABUTERO, MARICEL DE JESUS 252-543-710 99 MANGUIAT, PRINCESS JOSE 287-533-468 100 NAYA, JUDILYN CARIO 302-034-188 101 DE CHAVEZ, EDRALYN MARALIT 401-604-002 102 DIMAANO, AILYN SANDOVAL 407-352-846 103 BENJAMIN, SHERWIN MALABO 216-463-200 104 LINSANGAN, JENNIFER CASTRO 267-935-828 105 DE TORRES, JOUEL DALISAY 402-441-868 106 JAVIER, RAVEEN ROXAS 469-206-592 107 EVANGELISTA, GLEN RAMOS 241-929-788 108 BULAWAN, JONATHAN HALE 408-945-597 109 GARCIA, FREDERIC MAGCULANG 224-870-390 110 BACALING, MARIEL BACARISAS 238-377-384 111 CABICO, MA. VICTORIA CORREA 925-196-949 112 CAMMAS, RONALD MENDOZA 462-088-186 113 GADO, SUNSHINE JOY MORES 312-707-864 114 JAVIER, JOCELYN DE LEON 401-405-145 115 LUGO, ANNA ROSE LUGO 270-697-434 116 SUAREZ, ROMEL MALALUAN 432-524-754 This certifies that the above-named taxpayers, employed with MINEBEA PHILIPPINES, INC. with principal office address at Lot 1, Phase 1-A, First Philippine Industrial Park, Brgy. Anastacia, Sto. Tomas, Batangas , have proven to have been separated from the service of the employer because of REDUNDANCY , a cause beyond the control of the said employees, hence, the amount received by the above-named taxpayers or by their heirs from the employer as a consequence of separation from the service of the employer regardless of age or length of service, shall be excluded from their gross income and shall be exempt from taxation pursuant to Section 32 (B) (6) (b) of the 1997 Tax Code, as amended. Likewise, the separation benefits shall be exempted from withholding tax as prescribed by Section 79 of the 1997 Tax Code, as implemented by Revenue Regulations No. 2-98, as amended by Revenue Regulations No. 6-2001 and 12-2001. Moreover, pursuant to Section 2.78.1 (A) (7) of RR 2-98, as amended, the terminal pay, i.e. , commutation and payment of monetized unused vacation leave credits not exceeding ten (10) days during the year are not subject to income tax and consequently to the withholding tax. Conversely, the cash equivalent of vacation leave exceeding ten (10) days is subject to tax. However, this same principle cannot apply to SICK leave credits since an employee must actually go on sick leave to be able to avail of said leave credits. It is, however, understood that this exemption does not include the payment of the separated employees' salaries and the payment of the 13th month pay and other benefits in excess of the Php82,000.00 threshold under Section 2.78.1 (A) (3) (a) and (A) (7) of RR 2-98, as amended. 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 8th day of May, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue