Post-Closing Adjustment Risk for the Legal Vision Share Transfer Price

「The share transfer agreement for this transaction contains a price adjustment provision, under which the transfer price may be changed subsequently depending on the progress of collecting リーガルビジョン’s trade receivables as of the end of April 2020. The transfer price under this provision has an upper limit of ¥1,435 million and a lower limit of ¥200 million. Settlement of the transfer consideration is scheduled to comprise a cash payment of ¥200 million on the date the share transfer is executed, with the balance to be paid in cash in May 2020.」