0001193805-18-001400 Sample Contracts

Contract
Deposit Agreement • December 6th, 2018 • JPMorgan Chase Bank, N.A. - ADR Depositary • American depositary receipts • New York

AMENDMENT NO. 1, dated as of , 2018 (the "Amendment"), to the Deposit Agreement dated as of December 4, 2013 (the "Deposit Agreement"), among Rakuten, Inc., incorporated under the laws of Japan (the "Company"), JPMorgan Chase Bank, N.A., as depositary (the "Depositary"), and all holders from time to time of American depositary receipts ("ADRs") issued thereunder.

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