BIR Ruling No. 781-2019

REPUBLIC OF THE'PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City.

[Certificate of Tax.Exemption No: 0781.20

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Energy Developer of Biomass Resources (Manufacturer of BiodieceD), with capacity of 15 Million Liters located in Brgy. Natumolan, Tagoloan, Micamis iental a project duly directiy in connection with the sales of Biodiesel from its registered project, Renewable as certified by the Department of Energy but in no case earlier than the date of registration with the BOI, pursuant to Executive Order No.226,otherwise known as the "Omnibus Investments Code of 1987"and Section 2.57.5 (B)(2) of Revenue Regulations No.2-98, as amended. registered with the Board of Investments (BOI) under Registration No. : 19, 2017, for a period of seven (7) years beginning from date of actual commercial operation This certifies that ARCHEMICALS CORP., with Tax Identification Number is exempt from income tax and creditable withholding tax on its income received dated January

cover revenues from the sales of Crude Glycerin, C810 Methyl Ester and Acid Oil. The exemption, however, from income tax and creditable withholding tax does not

applicable BIR rules and regulations and the Terms and Conditions stated at the back hereof. The Company is liable, however, for all other applicable taxes not discussed above. The grant of tax exemption herein is subject to the compliance with the provisions of

that the facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However, if upon investigation, the BIR ascertains This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of DEC 1 0 2Q19

Commissioner of Internal Revenue CAESARR.DULAY P 031291

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