February 27, 2018
For Immediate Release
Infrastructure Fund Issuer
Takara Leben Infrastructure Fund, Inc.
Representative: Masahide Kikuchi,
Management Company
Takara Asset Management Co., Ltd.
Representative: Mamoru Takahashi,Contact:

Masahide Kikuchi,

Executive Director
Security Code: 9281

President & CEO
Vice President &Director ofInfrastructure Fund Division
TEL: +81-3-6262-6402

Notice concerning of Partial Amendment to the Sales and Purchase Agreement regarding
Domestic Infrastructure Property and Determination of Scheduled Acquisition Date
Takara Leben Infrastructure Fund, Inc. (hereinafter referred as the “Investment Corporation”) announce
today that it amended agreement and determined the scheduled acquisition date regarding LS Shizuoka
Omaezaki (hereinafter referred as “Planned Acquisition Property” ), refer to the press lease “Notice ofPurchase and Lease of Domestic Infrastructure Properties” dated November 28, 2017.
I. Details of Amendment
1. Purpose of Amendment
Due to the time constraint of fulfilling executing conditions (Note) of the Borrowing agreement which is
expected to allocate the acquisition and its-related expenses of the Planned Acquisition Property, it
determined to amend the acquisition conditions of the Planned Acquisition Property as stated in the press
release dated on November 28, 2017.
As of today, the seller and lessee of the property in above, Takara Leben Co., Ltd, has completed asuccession of status for grid connection agreement with utility company as well as status of approved
operator, thus it fulfilling acquisition conditions and there are no impacts on the business plans of theInvestment Corporation.
（Note）The seller of the Planned Acquisition Property becomes an approved operator with respect to Paragraph (3) of Article 9 andparagraph (1) of Article 10 of the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources
by Electricity Utilities (Act No. 108 of 2011; including later amendments thereof; hereinafter referred to as “the Renewable EnergySpecial Measures Act”) for the entire renewable energy generation business plan concerning the implementation of the business ofgenerating electricity with the use of the facility to supply electricity to electricity utilities (referring to what is stipulated inparagraph (1) of Article 9 of the Renewable Energy Special Measures Act; and including documents stipulated in paragraph 2 ofArticle 4 in the Supplementary Provisions to the Act for Partial Revision of the Act on Special Measures Concerning Procurementof Electricity from Renewable Energy Sources by Electricity Utilities (Act No. 59 of 2016; including later amendments thereof).

2. Overview of Amendment(1)Amended Date of conclusion

February 28, 2018 (Expected)of agreement on transaction:(2)Scheduled Acquisition Date：

February 28, 2018 or Date to be separately agreed on between theseller and the purchaser
1(3)Funds for purchase:

Own funds (Note 1)

As the acquisition conditions of the Planned Acquisition Property, it was needed to fulfill “seller becomes anapproved operator (Note 2) and successful succession of status for grid connection agreement with utilitycompany”, however the condition “seller becomes an approved operator (Note 2)” is removed from theacquisition conditions of property in the interested and decided to execute the Borrowing once all of theconditions of the Borrowing are fulfilled after the property is acquired by the Investment Corporation’s own
funds.
Furthermore, the scheduled acquisition date was amended from within 15 business days from the day theconditions predetermined in the transaction agreement are fulfilled to either February 28, 2018 or date to be
separately agreed on between the seller and the buyer（Note 1）Please refer to the press released “Notice regarding Amendment to the Individual Term Loan Agreement (Commitment Type)”
dated on February 27, 2018
（Note 2）Paragraph (3) of Article 9 and paragraph (1) of Article 10 of the Act on Special Measures Concerning Procurement of Electricity
from Renewable Energy Sources by Electricity Utilities (Act No. 108 of 2011; including later amendments thereof; hereinafter referred to as“the Renewable Energy Special Measures Act”) for the entire renewable energy generation business plan concerning the implementation of
the business of generating electricity with the use of the facility to supply electricity to electricity utilities (referring to what is stipulated inparagraph (1) of Article 9 of the Renewable Energy Special Measures Act; and including documents stipulated in paragraph 2 of Article 4 in
the Supplementary Provisions to the Act for Partial Revision of the Act on Special Measures Concerning Procurement of Electricity fromRenewable Energy Sources by Electricity Utilities (Act No. 59 of 2016; including later amendments thereof).

II．Overview of Scheduled Acquisition Date
PropertyNo.

Property Name (Note 1)

S-21

LS Shizuoka Omaezaki

Location

Expectedpurchaseprice(MY) (Note 2)

Purchase from

ScheduledAcquisition
Date

Omaezaki-shi, Shizuoka

484

Takara Leben Co., Ltd.

February 28.
2018(Note 1) LS stands for Leben Solar.

Please refer to the press release “Notice of Purchase and Lease of Domestic Infrastructure Properties” dated
November 28, 2017 for the details of the property and its leasing conditions.
The effect of the amendment to the management performance forecasts announced at the press release“Notice of Revision to Forecast Performance for 5th Fiscal Period Ended May, 2018, 6th Fiscal Period EndedNovember 2018 and 7th Fiscal Period Ended May 2019” dated January 12, 2018 is negligible. Therefore theforecasts announced at January 12, 2018 remain unchanged.
End*Website in English: http://www.tif9281.co.jp/en/2