Certificate of Tax Exemption No. CMP-551-20

September 23, 2020 CERTIFICATE OF TAX EXEMPTION NO. CMP-551-20 CERTIFICATE OF TAX EXEMPTION issued to Name of Seller TIN Address Pagasa Construction and Industrial Corporation 000-000-000-000 Sprinter Bldg., Gensan Drive Zone III, Koronadal City 9506 -and- Name of Homeowners Association (HOA) TIN Address Pag-asa Village Homeowners Assn., Inc. Ph 3 000-000-000-000 Pag-asa Village, Mabuhay, Gen. Santos City 9500 This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated November 19, 2018 over a parcel of land described below, to wit: Transfer Certificate of Title Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location T-75484 19,411 19,083 19,083 Nupol, Mabuhay, General Santos City, Mindanao being a Community Mortgage Program (CMP), 1 is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279 or the Urban Development and Housing Act of 1992. The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended. HEITAD It is, however, understood that this Certificate of Tax Exemption is never intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D) (1) and/or 27 (D) (5) of the 1997 Tax Code, as amended. This Certificate 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. aDSIHc Issued this 23rd day of September, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Shall be proportionately distributed to the association's qualified member-beneficiaries. (See Annex)