Vancouver Lands Inc.

May 26, 2020CERTIFICATE OF TAX EXEMPTION NO. BOI-LEH-265-20CERTIFICATE OF TAX EXEMPTIONTO ALL WHOM IT MAY CONCERN :This certifies that VANCOUVER LANDS, INC., with Taxpayers Identification Number (TIN) 000-000-000-000, is exempt from income tax and creditable withholding tax on its income received directly in connection with its low cost mass housing project (vertical), Trees Residences Phase 1 — Quirino Highway, Barangay Pasong Putik, Novaliches, Quezon City, consisting of 2,093 1 housing units used solely for family home or dwelling purposes, located at Quirino Highway, Barangay Pasong Putik, Novaliches, Quezon City, a project duly registered with the Board of Investments (BOI) under Registration No. 2014-045 dated March 05, 2014, for a period of three (3) years beginning from October 31, 2014 to October 30, 2017, pursuant to Executive Order (EO) No. 226, otherwise known as the "Omnibus Investments Code of 1987" and Section 2.57.5 (B) (2) of Revenue Regulations (RR) No. 2-98, as amended.Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and below, or house and lot and other residential dwellings valued at...