DMC Urban Property Developers, Inc.

April 12, 2021 CERTIFICATE OF TAX EXEMPTION NO. PSH-093-21 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that the Deeds of Absolute Sale executed by the Landowner/s in favor of DMC URBAN PROPERTY DEVELOPERS, INC. over the parcels of land described below, to wit: Date Name of Landowner Transfer Certificate of Title (TCT) No. Area (sq.m.) Transferred (sq.m.) Location July 20, 2020 Exemplary Development Corporation T-240384 23,053 23,053 Bo. Mulawin, Orani, Bataan July 20, 2020 FN Realty Corporation T-274639 5,763 5,763 Bo. Mulawin, Orani, Bataan July 20, 2020 Baseline Management Corporation T-240383 5,763 5,763 Bo. Mulawin, Orani, Bataan July 20, 2020 Baseline Management Corporation T-038-2017004854 5,763 5,763 Bo. Mulawin, Orani, Bataan September 11, 2020 Centerlane Properties, Inc. T-280335 16,992 16,992 Bo. Mulawin, Orani, Bataan September 11, 2020 Centerlane Properties, Inc. T-280334 992 992 Bo. Mulawin, Orani, Bataan Total 58,326 in so far as the 50,377 1 sq.m. is concerned, which shall be used in a socialized housing project known as "Dwellings," a project duly registered with the Department of Human Settlement and Urban Development under Provisional Certificate of Registration No. 2020-09-069 and Provisional License to Sell No. 2020-09-090, both dated September 21, 2020, consisting of 791 socialized house and lot units, are not subject to income tax, capital gains tax, expanded withholding tax pursuant to Section 20 (d) (2) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016 and to value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code (Tax Code) of 1997, as amended. However, the sale is subject to documentary stamp tax (DST) imposed under Section 196 of the Tax Code of 1997, as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Section 6 (e) of the same Code, whichever is higher. 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 Registry 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 after submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, as amended, including proof of payment of DST. CAIHTE Upon application for exemption, a lien on the titles of the land shall be annotated by the RD having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to socialized housing project pursuant to RA No. 7279. 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 12th day of April, 2021. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Per Provisional Certificate of Registration No. 2020-09-069 dated September 21, 2020 issued by the Department of Human Settlement and Urban Development.