Agreement on the Right to Nominate Executive Officer Candidates, etc., under the Alliance Agreement with Taisei Corporation

「The parties agreed that TAISEI CORPORATION may nominate 1 candidate for executive officer responsible for the company's redevelopment business, provided that the percentage of voting rights represented by shares held by the TAISEI CORPORATION Group is at least 20%. They also agreed that, when the company makes a decision concerning an action that could reduce the TAISEI CORPORATION Group's voting-rights ownership percentage to below 20%, the company must obtain TAISEI CORPORATION's prior consent if the TAISEI CORPORATION Group's voting-rights ownership percentage is at least 20%. TAISEI CORPORATION will not transfer or otherwise dispose of the company's shares for 5 years from the date of execution of the agreement without the company's prior written consent. TAISEI CORPORATION and its subsidiaries will not acquire additional shares or otherwise increase their holdings so that their combined voting-rights ownership percentage reaches 25% or more.」