Certificate of Tax Exemption No. NSH-570-20

October 6, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-570-20 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that the Deeds of Absolute Sale (DOAS) executed by the Landowners in favor of the National Housing Authority (NHA) over the parcels of land described below, to wit: Date of Deeds of Absolute Sale 1 Names of Landowner/ Seller Original Certificate of Title No. Area (Sq. m.) Area Transferred (Sq. m.) Location August 5, 2020 CSE Builders 022-202920 58,331 48,924 2 Brgy. Balacad (now Sta. Asuncion), San Nicolas, Ilocos Norte August 5, 2020 CSE Builders CARP2020000088 8,426 7,890 Brgy. Balacad (now Sta. Asuncion), San Nicolas, Ilocos Norte TOTAL 66,757 56,814 which shall be used for the Sta. Monica Homes , with 400 housing units, located in Brgy. Sta. Asuncion, San Nicolas, Ilocos Norte, a socialized housing project of the NHA through its Community Initiative Approach Program (CIAP), earmarked for disposition to uniformed and non-uniformed personnel of the AFP, PNP, BFP, BJMP, BuCor, and other employees in the government, to be undertaken by CSE BUILDERS , are not subject to creditable withholding tax/capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and value-added tax pursuant Section 109 (1) (P) of the Tax Code of 1997, as amended. It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds 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, together with the documentary requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. Upon application for exemption, a lien on the titles of the lands, shall be annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA 7279. 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. cSEDTC Issued this 6th day of October, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. This Certificate of Tax Exemption does not include exemption from estate tax and/or donor's tax, if applicable, on the transfer of lots from the registered owners to their heirs/donee. 2. In the Deed of Extrajudicial Settlement of Estate with Deed of Absolute Sale executed by and between the heirs of the late AAA and CSE Builders dated December 26, 2019, the vendors have retained 6,343 sq.m. in their ownership thereby transferring only 51,988 sq.m.; and from that area (51,988) which was the subject of the Deed of Absolute Sale dated August 5, 2020, entered into by and between CSE Builders and NHA, CSE Builders have excluded 3,064 sq.m. from the sale thereby transferring only a total area of 48,924 sq.m. to NHA.