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November 19,2015 ManagementAgreement
Notice of Sales Contract agreed with ZE Design Inc. for woody biomass gasified equipment.

1、The contents and background

On November 19, 2015, we have agreed the sales contract with renewable energy power producers,
ZE Design Inc. *(Kyoto-city, Kyoto Prefecture, Representative Director : Hideyuki Nishieda,
hereunder ZE Design) for 1,000 kW woody biomass gasified equipment which is planned at Mogami-town, Yamagata Prefecture.
*ZE Energy Inc.'s stock ownership: 49%


We are considering the effective use of the heat for hot spring facilities during power generation in Mogami-town project. We are planning to expand sales of 180 kW to 2,000 kW sized compact biomass power generating system, and promote the development of tri-generation (Power generation, exhaust heat, and complex facility with plant factory using exhaust carbon dioxide) plantation small power generation system.



Location of the construction : Mogami-town, Yamagata Prefecture
Facilities capacity : 1,000 kW
Operation scheduled to start : From October, 2016 (planned)
Operating principle party : ZE Design Inc.



2、Overview of the sales contractor

(1) Name : ZE Design Inc.
(2) Address : Kyoto Kuroto building 9F, 376, Ichinofunairi-cho,Kawaramachi-dori 2-jokudaru,Nakakyo-ku, Kyoto-city, Kyoto Prefecture
(3) Name and title of representative : Hideyuki Nishieda Representative Director
(4) Business : Power generation business derived from renewable energy, production and sale of agricultural products and processed agricultural products
(5) Capital : JPY 99 million

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