(Translation)

MINUTES OF CONSTITUENT GENERAL MEETING

OF

____________________________K. K.


The constituent general meeting of ___________________K. K. (hereinafter referred to as the “Company”) was held on __________, 20__, at 10:00 a.m., at the offices of _________________, ______________________________________________, Tokyo, Japan.

Total number of shareholders upon incorporation:

3

Total number of shares to be issued upon incorporation:

100

Number of shareholders upon incorporation entitled to vote:

3

Total number of such voting rights:

100

Number of shareholders upon incorporation present:

3

Total number of voting rights of such shareholders:

100

Promoter present: ___________________ (Chairman)
Directors upon incorporation and statutory auditors upon incorporation present:
___________________

___________________

___________________

___________________

___________________

___________________


A quorum being present as above, Mr. ___________, promoter, acting as the chairman of the meeting, declared the meeting open for business at the appointed time.

Substance of the proceedings of the meeting and the results thereof are as follows:

First Item of Business: Report on the matters relating to incorporation of the Company


The chairman reported in his status as promoter of the Company the matters relating to incorporation of the Company in detail. After discussion, the report made by the chairman was unanimously approved.

Second Item of Business: Approval of the Articles of Incorporation

The Chairman read the Articles of Incorporation and requested approval, thereof. After discussion, the Articles of Incorporation was unanimously approved as they are.

Third Item of Business: Election of directors upon incorporation and a statutory auditor upon incorporation

The chairman explained the third item of business and requested the shareholders to elect directors upon incorporation and a statutory auditor upon incorporation. After discussion, the shareholders unanimously elected directors upon incorporation and statutory auditor upon incorporation as follows:

Directors upon Incorporation: ___________________
___________________
___________________
___________________
___________________
Statutory Auditor upon Incorporation: ___________________

Those who were elected accepted their election.

Fourth Item of Business: Investigation report by directors upon incorporation and statutory auditor upon incorporation

Upon the request of the chairman, Mr. ___________________, who represented the directors upon incorporation and statutory auditor upon incorporation, reported the particulars investigated by them under Article 93 of the Company Law of Japan, and he then submitted to the meeting the investigation report as per attached hereto. After discussion, the particulars reported by the directors upon incorporation and statutory auditor upon incorporation were unanimously approved.

There being no further items of business to consider, the chairman declared the meeting close at _______ a.m.

In order to record the summary of the proceedings of the meeting and the results thereof, these minutes have been prepared, and the chairman of the meeting, the directors upon incorporation present and the statutory auditor upon incorporation present have affixed their signatures or seals hereunto.

____________, 20__

___________________ K.K.


________________________

Chairman of the Meeting

________________________

Director upon Incorporation

_______________________

Director upon Incorporation

________________________

Director upon Incorporation

________________________

Director upon Incorporation

________________________

Director upon Incorporation

________________________

Statutory Auditor upon Incorporation