Ichigo Office decided to borrow funds via a new loan. Loan Rationale: The new loan will be used to repay an existing loan (JPY 2,000 million). Details of the loan to be repaid are in Section 3 below.

Loan Date: May 10, 2023; Lender: Development Bank of Japan; Loan Amount: JPY 2,000 million; Interest Rate: to be determined (fixed rate); Repayment Date (Loan Term): Sep 25, 2029 (6.3 years); Repayment Terms; Lump-sum repayment; Collateralized: No. Interest payment date is the 25th of every third month following the first interest payment date (the first payment date will be July 25, 2023 and the last payment date will be the same as the principal repayment date). In the event the interest payment date is not a business day, payment shall be made on the following business day.

If the following business day falls into the following month, payment shall be made on the previous business day. Ichigo Office will announce the interest rate after it is determined. Existing Loan Being Repaid: Loan Date: May 10, 2017; Lender: Development Bank of Japan; Loan Amount: JPY 2,000 million; Interest Rate: 0.87163% (fixed rate); Repayment Date (Loan Term): May 10, 2023 (6.0 years); Repayment Terms; Lump-sum repayment; Collateralized: No.