December 18, 2015

To Our Investors
Naokatsu Uchida
Executive Director
Kenedix Office Investment Corporation
6-5 Nihombashi Kabutocho, Chuo-ku, Tokyo

Notice Concerning the Eighth General Meeting of Unitholders
You are cordially invited to attend the Eighth General Meeting of Unitholders of Kenedix Office
Investment Corporation (“the Investment Corporation”). The Meeting will be held as described below.
If you are unable to attend the Meeting, you can exercise your voting rights in writing. Please review the“Reference Documents for the Eighth General Meeting of Unitholders” mentioned below, vote on the
proposals in the enclosed Voting Rights Exercise Form, and return it by no later than 5:00 p.m. January
20, 2016 (Wednesday).
In addition, the Investment Corporation established the provision of “deemed approval” in Article 15 of
the current Articles of Incorporation pursuant to Article 93.1, of the Investment Trusts and Investment
Corporations Law. Accordingly, if you are unable to attend the Meeting and are unable to vote using the
Voting Rights Exercise Form, please be aware that you will be deemed as having attended and approved
each agenda.
(Excerpt from the Investment Corporation’s Current Articles of Incorporation)
Article 15 (Deemed Approval)
1. Unitholder non-attendance at the General Meeting of Unitholders and non-voting shall be deemed as
unitholder approval of agenda items submitted to the General Meeting of Unitholders (when multiple
agenda items have been submitted, if any are contradictory, said agenda items shall be omitted).
2. The unitholder votes deemed as having approved agenda items according to the preceding Paragraphwill be added to the votes cast by attending unitholders.
1. Date and Time
10:30 a.m., January 21, 2016 (Thursday)(start accepting 10:00 a.m.)
2. Place
2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo
Tokyo Stock Exchange, Inc. 2F, Tosho Hall
3. Agenda of the Meeting
Resolution Agendas:
Agenda No. 1: Changes to the Articles of Incorporation
Agenda No. 2: Election of One (1) Executive Director
Agenda No. 3: Election of One (1) Alternate Executive Director
Agenda No. 4: Election of Three (3) Supervisory Directors---------------------------------------------------------------------------------------- --------------------------------------(Requests)
・ For those attending the meeting, please present the enclosed Voting Rights Exercise Form at thereception desk.

1

・ For those voting by proxy, a unitholder can vote by having another individual unitholder who holds
voting rights attend the General Meeting of Unitholders and act as proxy. In that case, please submit aPower of Representation Form and a Voting Rights Exercise Form at the reception desk.
・ Upon attendance, once again please bring this notice for resource-saving.
(Information)
・ Method of Revising the Reference Materials of the General Meeting of Unitholders
When it is necessary to revise agendas contained in the Reference Materials of the General Meetingof Unitholders, we will post the revisions on the Investment Corporation’s website (http://www.kdxreit.com/eng/).
・ After the General Meeting of Unitholders, Kenedix Real Estate Fund Management, Inc., theInvestment Corporation’s asset management company, plans to present the Asset Management Status
Briefing.

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Reference Material for the General Meeting of Unitholders
Agenda and Reference Items
Agenda No. 1: Changes to the Articles of Incorporation
1. Reasons for the Changes(1) The revision of the Ordinance for Enforcement of the Law on Investment Trusts and Investment
Corporations (Ordinance of the Prime Minister's Office No. 129 of the year 2000, including
subsequent amendments; hereinafter “Investment Trusts Law Enforcement Ordinance”) requires thatthe purpose to manage assets through investment primarily in real estate and other assets beindicated in the Articles of Incorporation if such purpose exists. Accordingly, the Articles ofIncorporation will be revised to add such the purpose and related provisions will be revised.
(concerning Article 2 of the current Articles of Incorporation and “Asset Management Basic Policies”
and “Types, Purposes and Scope of Specified Assets Targeted for Investment”, Attachment 1 ofthe current Articles of Incorporation)(2) The revision of the Order for Enforcement of the Law on Investment Trusts and Investment
Corporations (Cabinet Order No. 480 of the year 2000, including subsequent amendments) added
renewable energy power generation facilities to assets that fall under specified assets. Accordingly, a
new provision will be established to add these assets as a target of investment by the Investment
Corporation. (concerning Paragraph 4 (8) of “Types, Purposes and Scope of Specified Assets
Targeted for Investment”, Attachment 1 of the current Articles of Incorporation)(3) The revision of the Ordinance for Enforcement of the Act on Special Measures Concerning Taxation(Ordinance of the Ministry of Finance No. 15 of the year 1957, including subsequent amendments)
amended the requirements of the special provisions for taxation for investment corporations.
Accordingly, provisions that are no more relevant will be deleted. (concerning Paragraph 4 of“Investment Policies”, Attachment 1 of the current Articles of Incorporation)(4) FY2015 Japan Tax Reform and the Ordinance on Accountings of Investment Corporations(Ordinance of the Cabinet Office No. 47 of the year 2006, including subsequent amendments)
enabled investment corporations to adjust inconsistency in treatments between accounting and tax
practices. Accordingly, a related provision will be revised and a provision to enable the Investment
Corporation to implement cash distributions in excess of profits for the purpose of mitigating tax
burdens will be revised. (concerning Article 35 of the current Articles of Incorporation)(5) The revision of Investment Trusts Law Enforcement Ordinance has allowed the Investment
Corporation to add contents of entrustment of affairs related to the administrative agent. Accordingly,
a related provision will be revised to clarify possible entrustment of aforementioned new contents.
(concerning Article 37 of the current Articles of Incorporation)(6) In addition to the above changes, expressions shall be changed and clarified, words and phrases shallbe revised, and other changes shall be made due to consistencies with the wording of applicable laws
and clarification of provisions, etc.

3

2. Details of the Amendments
Details of the amendments are as follows.
(Underlined parts are amended.)
Proposed Amendments

Current Articles of Incorporation
Article 2 (Purpose)
The Investment Corporation’s purpose is, inaccordance with the “Investment Trusts andInvestment Corporations Law” (Law No. 198 of theyear 1951, including amendments thereafter; hereafter,
the “Investment Trusts Law”), to invest the assets of
the Investment Corporation primarily in specified
assets (assets referred to in Article 2, paragraph 1 ofthe Investment Trusts Law; the same shall apply
hereafter).

Article 2 (Purpose)
The Investment Corporation’s purpose is, inaccordance with the “Investment Trusts andInvestment Corporations Law” (Law No. 198 of theyear 1951, including amendments thereafter; hereafter,
the “Investment Trusts Law”), to invest the assets of
the Investment Corporation primarily in real estate,etc. (as defined in the Ordinance for Enforcement of
the Law on Investment Trusts and Investment
Corporations (Ordinance of the Prime Minister's
Office No. 129 of the year 2000, including subsequent
amendments; hereinafter “Investment Trusts Law
Enforcement Ordinance”) among specified assets(assets referred to in Article 2, paragraph 1 of theInvestment Trusts Law; the same shall apply
hereafter).

Article 5 (Total Number of Authorized Investment Units)
1.～2.
(Details Omitted)
3. The Investment Corporation shall be allowed to offer
parties to underwrite investment units issued within
the total number of investment units that can be issued
under the limits specified in Paragraph 1 with theapproval of the Board of Directors. The issue price pershare of the offered investment units (investment units
allocated to those who applied for the underwriting of
the concerned investment units in response to theiroffer) shall be based on assets held by the Investment
Corporation (hereafter, the “assets undermanagement”) and determined evenly on each issue
date at a fair price, the decision of which shall madeby the Executive Director and approved by the Boardof Directors.

Article 5 (Total Number of Authorized Investment Units)
1.～2.
(No Change)
3. The Investment Corporation shall be allowed to offer
parties to underwrite investment units issued within
the total number of investment units that can be issued
under the limits specified in Paragraph 1 with theapproval of the Board of Directors. The paid-in
amount per share of the offered investment units(investment units allocated to those who applied forthe underwriting of the concerned investment units in
response to their offer) shall be decided by the
Executive Director and approved by the Board of
Directors based on assets held by the Investment
Corporation (hereafter, the “assets undermanagement”).

Article 8 (Refund of Investment Units at Unitholder
Request and Acquisition of Treasury Units)(Details Omitted)

Article 8 (Refund of Investment Units at Unitholder
Request and Acquisition of Treasury Units)[Note] Due to a minor amendment in Japanese, there
is no effect in English
1.～2.
(No Change)

Article 9 (Convocation)
1.
(Details Omitted)
2. Unless otherwise provided by regulatory requirements,
and with the approval of the Board of Directors, when
there is one Executive Director, said Executive
Director shall convene the General Meeting ofUnitholders. When there are two or more Executive
Directors, the General Meeting of Unitholders shall be
convened by a single Executive Director in accordancewith the order predetermined by the Board of
Directors.

Article 9 (Convocation)
1.
(No Change)
2. Unless otherwise provided by regulatory requirements,
and with the approval of the Board of Directors, when
there is one Executive Director, said Executive
Director shall convene the General Meeting ofUnitholders. When there are two or more Executive
Directors, the General Meeting of Unitholders shall be
convened by a single Executive Director in accordancewith the order predetermined by the Board of
Directors.

1.～2.

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Current Articles of Incorporation3.

Proposed Amendments[Note] Due to a minor amendment in Japanese, there
is no effect in English
3.
(No Change)(Details Omitted)

Article 11 (Resolution)
A resolution of the General Meeting of Unitholders,
unless otherwise stipulated by regulatory requirements
or in the Articles of Incorporation, shall be madethrough a majority of the voting rights held byunitholders attending the meeting.

Article 11 (Resolution)
A resolution of the General Meeting of Unitholders,
unless otherwise stipulated by regulatory requirements
or in the Articles of Incorporation, shall be madethrough a majority of the voting rights held byunitholders attending the meeting.
[Note] Due to a minor amendment in Japanese, there
is no effect in English.

Article 17 (Minutes of the General Meeting ofUnitholders)With respect to the proceedings of the General
Meeting of Unitholders, minutes containing asummary and the results of the proceedings along withother items as required by regulatory requirements
shall be kept by the chair. The minutes shall be kept in
the head office of the Investment Corporation for aperiod of ten years.

Article 17 (Minutes of the General Meeting ofUnitholders)With respect to the proceedings of the General
Meeting of Unitholders, minutes containing andrecording a summary and the results of theproceedings along with other items as required byregulatory requirements shall be kept by the chair. The
minutes shall be kept in the head office of theInvestment Corporation for a period of ten years.

Article 22 (Exemption of Director responsibility fordamage compensation)
With respect to Director responsibility as covered in
Article 115-6, paragraph 1 of the Investment Trusts
Law, if the aforementioned Directors’ duties werecarried out in good faith and without gross negligence,
the Investment Corporation shall be able to exempt theconcerned Director from responsibility with aresolution of the Board of Directors to the extent
provided by regulatory requirements, taking into
account the detailed facts that form the basis for an
accusation of responsibility, the context in which theirduties were carried out, and other circumstances.

Article 22 (Exemption of Director responsibility fordamage compensation)
With respect to Director responsibility for damage
compensation as covered in Article 115-6, paragraph 1of the Investment Trusts Law, if the aforementioned
Directors’ duties were carried out in good faith andwithout gross negligence, the Investment Corporation
shall be able to exempt the concerned Director from
responsibility with a resolution of the Board of
Directors to the extent of liability for damages
provided by regulatory requirements, taking into
account the detailed facts that form the basis for an
accusation of responsibility, the context in which theirduties were carried out, and other circumstances.

Article 23 (Convene and Chair)
1. Unless otherwise provided by regulatory requirements,
when there is one Executive Director, said Executive
Director shall convene and chair the Board of
Directors Meeting. When there are two or more
Executive Directors, the Board of Directors shall be
convened and chaired by a single Executive Directorin accordance with the order predetermined by the
Board of Directors.
(Details Omitted)

Article 23 (Convene and Chair)
1. Unless otherwise provided by regulatory requirements,
when there is one Executive Director, said Executive
Director shall convene and chair the Board of
Directors Meeting. When there are two or more
Executive Directors, the Board of Directors shall be
convened and chaired by a single Executive Directorin accordance with the order predetermined by the
Board of Directors.
[Note] Due to a minor amendment in Japanese, there
is no effect in English.
2.
(No Change)

Article 24 (Resolution)
A resolution of the Board of Directors, unlessotherwise stipulated by regulatory requirements or in
the Articles of Incorporation, shall, with a majority ofBoard members who can exercise voting rights in

Article 24 (Resolution)
A resolution of the Board of Directors, except asotherwise stipulated by regulatory requirements or in
the Articles of Incorporation, shall, with a majority of
Directors who can exercise voting rights in attendance,2.

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Current Articles of Incorporation
attendance, be made through the approval of amajority of those Board members in attendance.

Proposed Amendments
be made through the approval of a majority of those
Board members in attendance.

Article 25 (Minutes of the Board of Directors)
With respect to the proceedings of the Board of
Directors, minutes containing a summary and resultsof the proceedings along with other items as requiredby regulatory requirements shall be kept, and the
Directors attending the meeting shall sign or stamp
them with their seals. The minutes shall be kept in thehead office of the Investment Corporation for a periodof ten years.

Article 25 (Minutes of the Board of Directors)
With respect to the proceedings of the Board of
Directors, minutes containing or recording a summary
and results of the proceedings along with other items
as required by regulatory requirements shall be kept,
and the Directors attending the meeting shall sign,
stamp them with their seals, or place electricalsignatures. The minutes shall be kept in the head officeof the Investment Corporation for a period of ten
years.

Article 35 (Cash Distribution Policies)(1) ①(Details Omitted)②The amount of the distribution shall be in excess of anamount equivalent to 90% of the distributable profit
amount of the Investment Corporation (if a change ismade to the calculation of the amount as a result ofrevisions of laws, ordinances, etc., then the amountafter the change) as stipulated in Article 67-15,
paragraph 1 of the Special Taxation Measures Law(hereinafter, “Special Tax Exception for Investment
Corporations”).
In addition, the Investment Corporation shall be able
to accumulate a long-term reserve from the
distributable amount for repairs, maintenance and fundreserve, reserve for distribution and other similar
reserves and allowances that are deemed necessary tomaintain assets under management or increase theirvalue.

Article 35 (Cash Distribution Policies)(1) ①(No Change)②The amount of the distribution shall be in excess of anamount equivalent to 90% of the distributable profit
amount of the Investment Corporation (if a change ismade to the calculation of the amount as a result ofrevisions of laws, ordinances, etc., then the amountafter the change) as stipulated in Article 67-15,
paragraph 1 of the Special Taxation Measures Law.
In addition, the Investment Corporation shall be able
to accumulate, or reserve and treat in any other way, along-term reserve from the distributable amount for
repairs, maintenance and fund reserve, reserve for
distribution and other similar reserves and allowances,and other required amounts that are deemed necessary
to maintain assets under management or increase theirvalue.
(2) Distribution of Money in Excess of Profits
When the Investment Corporation determines that it isappropriate or occurrence of taxation such as
corporation taxes on the Investment Corporation canbe suppressed, the Investment Corporation shall, using
the amount established under the rules of theInvestment Trust Association, Japan (hereafter, the“Investment Trusts Association”) as a limit, be able to
distribute a self-determined amount of money inexcess of profits.

(2) Distribution of Money in Excess of Profits
When the Investment Corporation determines that it isappropriate, the Investment Corporation shall, using
the amount established under the rules of theInvestment Trusts Association, Japan (hereafter, the“Investment Trusts Association”) as a limit, be able to
distribute a self-determined amount of money inexcess of profits. However, in such cases, and if theamount of the cash distribution does not fulfill therequirements of the special tax exception forinvestment corporations, the Investment Corporation
shall be able to distribute a self-determined amountwith the objective of fulfilling said requirements.
(3) ～(5)(Details Omitted)(3) ～(5)Article 37 (Outsourcing of Administrative Operations)
1.～2.
(Details Omitted)
3. The Investment Corporation shall outsource toadministrative agents appointed by the Board of
Directors, as appropriate, administrative operations
related to offering of underwriters of investment units
and investment corporation bonds issued by the(No Change)

Article 37 (Outsourcing of Administrative Operations)
1.～2.
(No Change)
3. The Investment Corporation shall outsource toadministrative agents appointed by the Board of
Directors, as appropriate, administrative operations
related to offering of underwriters of investment units
and investment corporation bonds and allotment of6Current Articles of Incorporation
Investment Corporation, administrative operations
related to preparation and keeping of investment
corporation bonds registry, as well as otheradministrative operations related to investment
corporation bonds registry, administrative operations
related to the issuance of investment corporation
bonds, and administrative operations related tocreditors of the Investment Corporation; (referred to aseach administrative operation stipulated in Article 169,
paragraph 2 (4) and (5) of the Ordinance for
Enforcement of the Law on Investment Trusts andInvestment Corporations (Ordinance of the Prime
Minister's Office No. 129 of the year 2000, including
subsequent amendments; hereinafter the “Investment
Trusts Law Enforcement Ordinance”)).

Proposed Amendments
investment unit subscription rights without
contribution issued by the Investment Corporation,
administrative operations related to preparation andkeeping of investment unit subscription rights registry
and investment corporation bonds registry, as well asother administrative operations related to investment
unit subscription rights registry and investment
corporation bonds registry, administrative operations
related to the issuance of investment unit subscription
right certificates and investment corporation bonds,
administrative operations related to holders ofinvestment unit subscription rights and creditors of theInvestment Corporation, administrative operations
related to acquisition of investment units of theInvestment Corporation and other administrative
operations stipulated in Article 169 of the Investment
Trusts Law Enforcement Ordinance.

Article 39 (Effectuation of Amendments)
The newly established provision in Article 8,paragraph 2, which newly stipulates in the Articles ofIncorporation that the Investment Corporation canacquire the treasury units by showing such cases andbeing added beforehand, shall be effective as of thedate of enforcement of an amendment of theInvestment Trusts Law.

(Deleted)

Attachment 1
Asset Management Target and Policies

Attachment 1
Asset Management Target and Policies

Asset Management Basic Policies
The Investment Corporation invests in specified
assets, mainly in real estate (as defined in Paragraph 2
under the subheading “Types, Purposes and Scope ofSpecified Assets Targeted for Investment” below; thesame shall apply hereafter) and securities backed byreal estate (as defined in Paragraph 3 under thesubheading “Types, Purposes and Scope of Specified
Assets Targeted for Investment” below; the same shallapply hereafter), and those assets are managed withthe purpose of ensuring long-term, stable earnings.
Furthermore, real estate and securities backed by realestate, etc. shall hereafter be collectively referred to as“real estate-related assets.”

Asset Management Basic Policies
The Investment Corporation invests in specified
assets, mainly in real estate (real estate, real estateleasehold rights, superficies, trust beneficiary rights inonly these assets; the same shall apply hereafter),managed with the purpose of ensuring long-term,
stable earnings.

Investment Policies
1. Investment Corporation invests in real estate-related
assets, real estate serving as the main body of realestate-related assets and real estate backing such assets
shall be primarily used for office buildings. Targeted
investment areas shall primarily be the Tokyo
Metropolitan Area (principal urban areas in Tokyo,
Kanagawa, Saitama and Chiba Prefectures) and Other
Regional Areas (major urban cities throughout local
regions, including government-designated cities).

Investment Policies
1. Investment Corporation invests in real estate-related
assets (as defined in Paragraph 4 under the subheading“Types, Purposes and Scope of Specified Assets
Targeted for Investment” below; the same shall apply
hereafter), real estate serving as the main body of realestate-related assets and real estate backing such assets
shall be primarily used for office buildings. Targeted
investment areas shall primarily be the Tokyo
Metropolitan Area (principal urban areas in Tokyo,

7

Current Articles of Incorporation

Proposed Amendments
Kanagawa, Saitama and Chiba Prefectures) and Other
Regional Areas (major urban cities throughout local
regions, including government-designated cities).
2.～3.
(No Change)(Deleted)

2.～3.
(Details Omitted)
4. The Investment Corporation shall manage its assets sothat real estate, etc. prescribed by Article 22-19 of theOrdinance for Enforcement for the Special Taxation
Measures Law (Ministry of Finance Ordinance No. 15of the year 1957, including subsequent revisions)accounts for more than 70% of the total value of its
assetsTypes, Purposes and Scope of Specified Assets Targeted
for Investment
1. The primary investment targets of the Investment
Corporation shall be real estate, etc. listed in
Paragraph 2 and securities backed by real estate listed
in Paragraph 3.

Types, Purposes and Scope of Specified Assets Targeted
for Investment
1. The primary investment targets of the Investment
Corporation shall be real estate, etc. Other than realestate, etc., the Investment Corporation can invest inreal estate equivalents listed in Paragraph 2 andsecurities backed by real estate listed in Paragraph 3.
2. “Real estate equivalents” refers to the following
assets:(Deleted)(Deleted)(Deleted)(1) Easements(2) Trust beneficiary rights in easements

2. “Real estate, etc.” refers to the following assets:(1) Real estate(2) Real estate leasehold rights(3) Superficies(4) Easements(5) Trust beneficiary rights in real estate, real estateleasehold rights, superficies or easements (including
comprehensive trust left in trust with cash contingent
upon real estate)(6) Trust beneficiary interests in cash for the purpose ofinvestment in real estate, real estate leasehold rights,
superficies or easements(7) Equity holdings relating to agreements under which
one party to the agreement makes contributions for the
purpose of investment in assets set forth in all items.
Such investment is to be performed by the other party
to the agreement, which utilizes such contributions
primarily to manage investments in the
aforementioned assets and distributes profits arisingfrom such investment (such holdings hereafter referred
to as “equity in tokumei-kumiai relating to real estate”)(3) Trust beneficiary interests in cash for the purpose ofinvestment in real estate, real estate leasehold rights,
superficies or easements(4) Equity holdings relating to agreements under which
one party to the agreement makes contributions for the
purpose of investment in real estate, etc. or assets set
forth in all items. Such investment is to be performedby the other party to the agreement, which utilizes
such contributions primarily to manage investments inthe aforementioned assets and distributes profits
arising from such investment (such holdings hereafterreferred to as “equity in tokumei-kumiai relating to realestate”)(5) Beneficial interest in cash held in trust with the
purpose of managing assets in trust for investment,
primarily in equity in tokumei-kumiai relating to realestate
3. “Securities backed by real estate” refers to each of theassets noted in the following items, where an amountexceeding one-half of the assets backing suchsecurities is to be invested in real estate, etc. or realestate equivalents.
(1)～(3)(No Change)(4) Specified purpose trust beneficiary securities asprovided under Article 2, paragraph 15 of the Asset
Liquidation Law (excluding those that come under(8) Beneficial interest in cash held in trust with the
purpose of managing assets in trust for investment,
primarily in equity in tokumei-kumiai relating to realestate
3. “Securities backed by real estate” refers to each of theassets noted in the following items, where an amountexceeding one-half of the assets backing suchsecurities is to be invested in real estate, etc.
(1)～(3)(Details Omitted)(4) Specified purpose trust beneficiary securities asprovided under Article 2, paragraph 15 of the Asset
Liquidation Law (excluding those that come under8

Current Articles of Incorporation
Paragraph 2 (5), (6) or (8) above)(6)(Details Omitted)(7) Other rights acquired along with investments in realestate, etc. or securities backed by real estate(8)～(10)(Details Omitted)

Proposed Amendments
Paragraph 2 (2), (3) or (5) above, such as real estate,etc.)
4. In addition to the real estate equivalents and securities
backed by real estate (These assets and real estate, etc.
shall hereafter be collectively referred to as “realestate-related assets.”) detailed in the preceding
Paragraph 2, the Investment Corporation shall also beable to invest in the specified assets listed in thefollowing items:(1)～(7)(No Change)(8) Renewable energy power generation facility(stipulated under Article 3 (11) of the Investment
Trusts Law Enforcement Ordinance.)
5. In addition to the specified assets detailed in
Paragraphs 2 through 4 above, the Investment
Corporation shall be able to invest in assets in thefollowing items as necessary when investing in realestate-related assets.
(1)～(4)(No Change)(5) Personal property stipulated by the Civil Law(excluding properties fallen under assets described in
the preceding Paragraph 8.)(6)(No Change)(7) Other rights acquired along with investments in realestate-related assets(8)～(10)(No Change)

Investment Limitations(Details Omitted)

Investment Limitations(No Change)

Purposes and Scope of Lease of Incorporated Assets(Details Omitted)

Purposes and Scope of Lease of Incorporated Assets(No Change)

4. In addition to the real estate, etc. and securities backed
by real estate detailed in the preceding Paragraph 2,
the Investment Corporation shall also be able to invest
in the specified assets listed in the following items:(1)～(7)(Details Omitted)(New Addition)

5. In addition to the specified assets detailed in
Paragraphs 2 through 4 above, the Investment
Corporation shall be able to invest in assets in thefollowing items as necessary when investing in realestate, etc. or securities backed by real estate.
(1)～(4)(Details Omitted)(5) Personal property stipulated by the Civil Law

9Agenda No. 2: Election of One (1) Executive Director
This is to request the appointment of one Executive Director as of February 3, 2016 since Executive
Director Naokatsu Uchida’s term of office expires on February 2, 2016.
Concerning Agenda No. 2, the term of office of an Executive Director shall be two years, commencing
February 3, 2015 as stipulated under Article 20, paragraph 2 of the current Articles of Incorporation.
Agenda No. 2 was unanimously approved for submission by all Supervisory Directors of the Investment
Corporation at a Board of Directors meeting held on December 2, 2015.
The candidate for the Executive Director position is as follows
Name（Birth Date）

Brief Personal History
April 1990

Number of theInvestment
Corporation’s
investment units
hold

Joined The Mitsubishi Trust Banking Corporation,
Kyoto Branch
April 1995
Transferred to Business Development Division
April 1998
Transferred to Real Estate Division
April 2005
Transferred to Real Estate Project Origination Division
October 2007
Joined MAC Advisers Inc.
November 2007
Joined MAC Investment Management Inc.as a CEO
June 2009
Joined Joint Asset Management Co., Ltd. as a CEO
January 2010
Joined Kenedix REIT Management, Inc., Financial
Planning Division
Naokatsu Uchida
January 2011
Assigned as a Senior Manager of Financial Planning
0 Unit(December 23, 1967)
Division
February 2012
Assigned as a CEO and President
March 2012
Executive Director of Kenedix Realty Investment
Corporation (currently Kenedix Office Investment
Corporation) (current position)
October 2013
Director and COO, General Manager of KRI Fund
Division of Kenedix Real Estate Fund Management,Inc.
February 2014
Director and COO, General Manager of Office REIT
Division of Kenedix Real Estate Fund Management,
Inc. (current position)
1. Corporate names are in principle stated at that time. With regards to the Investment Corporation,
corporate names are stated at that time of the inaugurations and current ones are noted in brackets.
2. The abovementioned Executive Director candidate is currently the Director and COO, General Manager
of Office REIT Division of Kenedix Real Estate Fund Management, Inc., which the Investment
Corporation has concluded the Asset Management Agreement.
3. There is no special interest between the Investment Corporation and the candidate other than above
mentioned.
4. The abovementioned Executive Director candidate is currently executing the overall business of theInvestment Corporation as the Executive Director of the Investment Corporation.

10

Agenda No.3: Election of One (1) Alternate Executive Director
This is to request the appointment of one Alternate Executive Director in preparation to avoid the case of
vacant or having fewer Executive Directors than that designated by relevant regulatory requirements.
Furthermore, the period during which the resolution on the appointment of one Alternate Executive
Director under this Agenda remains effective shall be until February 2, 2018, when the term of office of
the Executive Director under Agenda No. 2 expires, pursuant to the provisions in the text of Article 20,
paragraph 3, subject to approval for Agenda No.2.
Allow us to be able to cancel the appointment by the resolution of a Board of Directors meeting about
effect of appointment of an Alternate Executive Director only before the inauguration.
Agenda No. 3 was unanimously approved for submission by all Supervisory Directors of the Investment
Corporation at a Board of Directors meeting held on December 2, 2015.
The candidate for the Alternate Executive Director as follows.
Name（Birth Date）

Brief Personal History

Number of theInvestment
Corporation’s
investment units
hold

Joined The Sakura Bank, Ltd., Kannai BranchTransferred to Yokohama BranchTransferred to Personnel Planning Division
Transferred to Shiba Branch
External assignment to Sakura Securities Co., Ltd.,
Structured Finance Division
April 2001
External assignment to Daiwa Securities SMBC
Co., Ltd.(Later employment transferred), Structured
Finance Department
August 2004
Transferred to Corporate Planning Department
July 2006
Transferred to Corporate Finance Department 1
September 2007 Joined Goldman Sachs Japan Co., Ltd., Investment
Banking Division
Hikaru Teramoto
0 UnitJune
2010
Joined Goldman Sachs Realty Japan Co., Ltd.,(November 5, 1970）
Disposition and Sourcing
June 2012
Joined Kenedix, Inc.
Temporary transferred to Kenedix REITManagement, Inc., General Manager of Financial
Planning Division
August 2012
Director and General Manager of Financial
Planning Division
October 2013
General Manager of Planning Department, KRI
Fund Division, Kenedix Real Estate FundManagement, Inc.
February 2014
General Manager of Planning Department, Office
REIT Division, Kenedix Real Estate FundManagement, Inc. (current position)
1. The abovementioned Alternate Executive Director candidate is currently the General Manager ofPlanning Department, Office REIT Division of Kenedix Real Estate Fund Management, Inc., which theInvestment Corporation has concluded the Asset Management Agreement.
2. There is no special interest between the Investment Corporation and the candidate other than above
mentioned.
April 1994
October 1996
January 1998
August 1998
July 2000

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Agenda No.4: Election of Three (3) Supervisory Directors
This is to request appointments of three Supervisory Directors as of February 3, 2016 since Supervisory
Directors Shiro Toba, Yoshihiro Morishima and Takahiro Seki’s term of office expires on February 2,
2016.
Concerning Agenda No. 4, the term of office of Supervisory Directors shall be two years commencing
February 3, 2016 as stipulated under Article 20, paragraph 2 of the current Articles of Incorporation.
The candidates for the three Supervisory Director positions are as follows.
CandidateNo.

Name（Birth Date）

Brief Personal History
October 1989
March 1993
January 1997

1

Shiro Toba
（March 21, 1967）

May 2002
April 2004
January 2005
May 2005

April 1974
July 1977
October 1982
January 1985
March 1985
February 1992
February 1994
October 1996
2

YoshihiroMorishima(January 24, 1951)

February 1999

October 2000
April 2001

April 2002

Joined Chuo Shinko Audit Corporation
Became a Japanese certified public
accountant
Established Toba Public Accounting Office(current position)
Became a Japanese certified tax accountant
Director of Majestec Corporation (current
position)
Representative Director of Minori
Accounting Co., Ltd. (current position)
Supervisory Director of Kenedix Realty
Investment Corporation (currently Kenedix
Office Investment Corporation) (current
position)
Joined The Mitsubishi Trust Banking
Corporation, Machida BranchTransferred to Real Estate Division
Transferred to Gotanda BranchTransferred to Shibuya Branch
Became a real estate appraiser
Transferred to Real Estate Division
Transferred to Takamatsu Branch as a Vice
President
External assignment to Ryoushin Jyutaku
Hanbai Kabushikigaisha as an Executive
Director / Senior Sales Director
Assigned as a General Manager of Tokyo
Business Division VI, The Mitsubishi Trust
Banking Corporation
Transferred to Real Estate Appraisal
Division as a General Manager
Guest Professor of Faculty of Real Estate
Sciences Department of Real Estate
Sciences, Meikai University,(current
position)Transferred to Real Estate Consulting
Division as a General Manager, theMitsubishi Trust Banking Corporation

12

Number of theInvestment
Corporation’s
investment units
hold

0 Unit0 UnitCandidate
No.

Name
（Birth Date）

Brief Personal History

September 2003
April 2006

Number of theInvestment
Corporation’s
investment units
hold

Left the Mitsubishi Trust Banking
Corporation
Adviser of Tokyo Association of Real
Estate Appraisers (current position)

April 20113

Officer of Morishima Real Estate Consulting
Office (current position)
March 2012
Supervisory Director of Kenedix Realty
Investment Corporation (currently Kenedix
Office Investment Corporation) (current
position)
February 2014
Representative Director of Y.K. Island Forest(current position)
April 1989
Joined Goldman Sachs (Japan) Corp.
April 1990
Joined S.G.Warburg Securities (Japan) Inc.
January 1991
Left S.G.Warburg Securities (Japan) Inc.
April 1997
Became a member of Tokyo Bar Association
Law Offices of Kataoka & Kobayashi
Associate
November 2000
Assigned as an Executive Officer andHead of Legal Office, GE Fleet Services
Takahiro Seki
0 UnitCorporation(June 19, 1966)
May 2001
Assigned as a Director and Head of Legal
OfficeFebruary 2002
Became a Miyakezaka Sogo Law Offices
Associate
June 2002
Became a Partner (current position)
February 2014
Supervisory Director of Kenedix Office
Investment Corporation (current position)
1. There is no conflict of interest between the Investment Corporation and the candidates.
2. The abovementioned Supervisory Director candidates are currently supervising the overall exercise ofduties of the Investment Corporation’s Executive Director.

Reference Matter
Regarding agendas to be submitted to the General Meeting of Unitholders, rules and regulations
identified in “Deemed Approval,” which are stipulated under Article 93, paragraph 1 of the Investment
Trusts Law and Article 15 of the current Articles of Incorporation, shall not be applied to any of theagendas concerned if there are agendas that are, in intent, conflicting with each other. The Investment
Corporation believes that Agendas 1 through 4 do not present any conflict in intent.

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