Bilrey Construction/Eddmari Construction & Trading Joint Venture

June 25, 2020 CERTIFICATE OF TAX EXEMPTION NO. JV-352-20 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that BILREY CONSTRUCTION/EDDMARI CONSTRUCTION & TRADING JOINT VENTURE , 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 No. 7279, otherwise known as the "Urban Development and Housing Act of 1992", on its income received directly in connection with the construction/development of additional 50 1 socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: Project Name Date of Contract Contract Price Date of Notice of Award Location No. of Socialized Housing Units subject of Tax Exemption Len-Vil Homes August 3, 2015 P __________ 2 July 1, 2015 Brgy. Sicaba, Cadiz City, Negros Occidental 550 3 However, the purchases of goods/articles by BILREY CONSTRUCTION/EDDMARI CONSTRUCTION & TRADING 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 BILREY CONSTRUCTION/EDDMARI CONSTRUCTION & TRADING JOINT VENTURE must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. 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 25th day of June, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Per NHA Memorandum dated September 5, 2017. 2. The contract price was increased from P__________ to P__________ per NHA Memorandum dated August 4, 2017, and subsequently reduced to P__________ in its Memorandum dated September 5, 2017. 3. Originally, 500 units only. Another 50 units were added per NHA Memorandum dated September 5, 2017. The Tax Exemption Ruling for the original 500 units is embodied in BIR Ruling No. 395-15 dated December 7, 2015.