Starts Proceed Investment Corporation announced that it decided at the Board of Directors meeting of SPI held on November 17, 2023 to conduct borrowing of funds and to conclude an interest rate swap agreement. The details are as follows. Reason and Purpose of Borrowings: Borrowings will be conducted to allocate funds as repayment of borrowings totaling JPY 4,000 million maturing on November 24, 2023.

Details of Borrowings: Lenders: The Bank of Yokohama Ltd. Resona Bank, Limited. Mizuho Bank Ltd. Sumitomo Mitsui Banking Corporation. The Musashino Bank Ltd. The Chiba Bank Ltd. Aozora Bank Ltd. The Hachijuni Bank Ltd. Sumitomo Mitsui Trust Bank, Limited.

Loan amount: JPY 4,000 million. Scheduled drawdown date: November 24, 2023. Principal repayment date: May 24, 2030.

Interest rate: Base interest rate (JBA 3-month Japanese Yen TIBOR) + 0.680%. Interest payment date: The first interest payment date shall be the last day of November 2023, and for subsequent payments, the last day of every February, May, August and November thereafter (however, in the event that one of these days is not a business day, the business day immediately preceding it) and the principal repayment date. Borrowing method: Loan agreements will be individually concluded for Term Loan 3A as of November 21, 2023, based on the basic loan agreement (hereinafter referred to as the "Basic Loan Agreement," including subsequent revisions and addition of lenders) executed on November 19, 2009.

Principal repayment method: Lump-sum repayment on repayment date. Collateral/Guarantee: Unsecured/Unguaranteed.