Common use of ADJUSTMENT OF EXERCISE Clause in Contracts

ADJUSTMENT OF EXERCISE. (1) In the case that the Corporation splits or consolidates the shares of common stock Price of the Corporation after the issue date of the Stock Acquisition Rights, the Exercise Price shall be adjusted in accordance with the following formula, and any fraction less than one (1) yen resulting from the adjustment shall be rounded up to the nearest one (1) yen: Exercise Price after adjustment = Exercise Price before adjustment × 1 _________________ Ratio of split or consolidation

ADJUSTMENT OF EXERCISE. (1) In the case that the Corporation splits or Price consolidates the shares of common stock Price of the Corporation after the issue date of the Stock Acquisition Rights, the Exercise Price shall be adjusted in accordance with the following formula, and any fraction less than one (1) yen resulting from the this adjustment shall be rounded up to the nearest one (1) yen: Exercise Exercise 1 Price after adjustment = Exercise Price before x ----------------- adjustment × 1 _________________ adjustment Ratio of split or consolidation

ADJUSTMENT OF EXERCISE. Price (1) In the case event that the Corporation splits conducts a stock split (including free distribution of shares (musho-wariate)) or consolidates the shares of common stock Price consolidation of the Corporation Common Stock after the issue date Allotment Date of the Stock Acquisition Rights, the Exercise Price shall be adjusted in accordance with the following formula, and any fraction less than one (1) yen resulting from the adjustment shall be rounded up to the nearest one (1) yen: Exercise Price after adjustment = Exercise Price before adjustment × 1 _________________ Ratio of split or consolidation

ADJUSTMENT OF EXERCISE. Price (1) In the case that the Corporation splits or consolidates the shares of common stock Price of the Corporation after the issue date of the Stock Acquisition Rights, the Exercise Price shall be adjusted in accordance with the following formula, and any fraction less than one (1) yen resulting from the adjustment shall be rounded up to the nearest one (1) yen: Exercise Price after adjustment = Exercise Price before adjustment × 1 _________________ Ratio of split or consolidation