Form 20-2 (Article 238-4, 238-5)(Letter)
Public Inspection Regarding Specially Permitted Businesses for Qualified Institutional Investors, etc.
Date: 2/11/2022

Applicant: Address:(San Francisco Office)535 Mission Street 14FL, San
Francisco,
CA 94105, U.S.A.
(Registered Office)
850 New Burton Road, Suite 201
Dover, DE 19904

Phone:

415-722-9424

Name ofBusiness:

Scrum Ventures GP Ill L.L.C.

Name ofApplicant*:

Takuya Miyata, Managing Member*Name and Title of Representative in the case thatapplicant legal status is corporation, etc. (including
partnership, trust, or other organization)(Note)
1. If an organization other than a corporation operates a Specially Permitted Business for
Qualified Institutional Investors, etc. (SPBQII), the name of the representative or theadministrator (limited to a corporation or individual; names of all if more than one individual
serves in these roles) must be entered as the notifier along with the name of the relevantgroup and its applicable statutory provisions.
2. A person who has changed his/her surname due to marriage can enter his/her surname
before marriage next to the current full name in parentheses in the "Name" section.

1. Status of the person who has submitted an application regarding Specially Permitted
Businesses for Qualified Institutional Investors, etc. (SPBQII)(As of 9/7/2021)
Representative

Name ofApplicant

Title

Managing
Takuya Miyata Member

Business category
Privateplacement

Principal business office

Investment
management

Name

○San
Francisco
OfficeAddressPhone

URL ofwebsite

535 Mission Street
http://14FL, San Francisco, 415-722-9424
scrum.vc/
CA 94105, U.S.A.

Type of otherbusiness to be
conducted byperson to notify

Amount of capital or
total contribution

None$0(Note)
1. In the "Business category" section: If the person to notify conducts a business related to acts specified in FIEA Article 63(1)(i) , put a circle ("○")
in the "Private placement" column; if the person to notify conducts a business related to acts specified in (ii) of the same Act paragraph, put acircle ("○") in the "Investment management" column.
2. The "Representative" and "Amount of capital or total contribution" columns must be entered if the applicant is a juridical person.
3. A person who has changed his/her surname due to marriage can enter his/her surname before marriage next to the current full name inparentheses.

2. Status of the rights specified in Article 2(2)(v) or (vi) of the FIEA related to SPBQII(As of 12/06/2018)
Details of the Invested Business
Name of theInvested
Business
EquityType of theInvested
Business
Equity(Type ofinstrument)(Contents)

Type of businessPrivateplacement
and/orinvestment
management

Type ofnotification

Type of theQII

Numberof theQII

Existence
Existence of persons Name or name ofofspecified
business of theinvestors under thecertified public
other than items ofaccountant orQII
Articleauditing firm
233-3

Financial
institutio
ns, etc.(2)Rights based
Scrum
on laws andVentures Fund
Venture fundregulations ofIll LP.
a foreign state

Cayman Islands
fund
investinginventureＩ
nvestment
capitaland
Article 63
management
emerging
growthcompanies.

Investment
LimitedPartnership
(1)

4

Yes

None

Business
corporation, etc. (1)(Note)
1. Enter answers that you expect to be true if they have not yet been decided.
2. Select and enter, in the "Type of the Invested Business Equity" column, from "Partnership contract under the Civil Code," "Silent partnershipcontract," "Investment Limited Partnership contract," "Limited Liability Partnership contract," "Membership rights of an incorporated association,""Rights based on laws and regulations of a foreign state" and "Other rights." If the business equity to be invested consists of electronicallyrecorded transferable rights or rights specified under Article 1-12 (ii) of Order for Enforcement of the Financial Instruments and Exchange Act,
also enter either “electronically recorded transferable rights” or “rights specified under Article 1-12 (ii) of Order for
Enforcement of the Financial Instruments and Exchange Act.”
3. In the "Details of the Invested Business Equity" column, enter the specific details of the business that will manage the money and other assets
being invested or contributed.
4. In the "Private placement and/or investment management" section: (a)If you operate a business related to acts specified in FIEA Article 63(1)(i),
specify "Private placement"; (b)if you operate a business related to acts specified in Item (ii) of the same paragraph of the Act, enter "Investmentmanagement"; (c)if you operate both, enter "Private placement and investment management.".
5. In the "Type of notification" column: Enter (a)"Supplementary Provisions Article 48" if the business operating regarding the stated Invested
Business Equity is Specially Permitted Investment Management Business (SPIMB) specified under Article 48(1) of the Supplementary
Provisions of the Act to Partially Amend the Securities and Exchange Act (Act No. 65 of 2006); (b)"Old Article 63" if the business operating isSpecially Permitted Businesses for Qualified Institutional Investors (SPBQII) under item (ii) of old Act specified under Article 2(1) of theSupplementary Provisions of the Act for Partial Revision of the Financial Instruments and Exchange Act (Act No. 32 of 2015); or (c)"Article 63"
if the business to be operated is related to acts specified under Article 63(1)(i) or (ii) of the FIEA revised by the foregoing Act.
6. In the "Type of the Qualified Institutional Investor (QII)" column: Select and enter from among "Financial Instruments Business Operators, etc.""Financial institutions, etc." "Investment Limited Partnership" "Business corporation, etc." "Individual," "Foreign corporations or foreigners, etc."
and "Other" that accurately describe (a)"the Qualified Institutional Investors to become counterparties to the private placement of the said
Invested Business Equity," or (b)"the Qualified Institutional Investors to invest or contribute their money or other assets."
The definition of Qualified Institutional Investors is as follows:(1)"Financial instruments business operators, etc."
Persons specified under Article 10(1)(i) or (ii) of the Cabinet Office Ordinance Regarding the Definitions Specified under Article 2 of the FIEA
(Finance Ministry Ordinance No. 14 in 1993) (hereinafter "Cabinet Office Ordinance Regarding Definitions" in 6).
(2)"Financial institutions, etc."
Persons specified under Items (iv), (v), (vii)-(xvii), Item (xix) or Item (xxi) of Article 10(1) of Cabinet Office Ordinance Regarding Definitions; andSpecified Succeeding Company of Article 10(1) of Cabinet Office Ordinance Regarding Definitions as applied pursuant to provisions of Article
36 of the Supplementary Provisions of the Ordinance for Enforcement of the Act on Enhancement and Restructuring of Credit BusinessConducted by The Norinchukin Bank and Specified Agricultural and Fishery Cooperatives, etc. (Ordinance of the Ministry of Finance andMinistry of Agriculture, Forestry and Fisheries No. 1 of 1997)(3)"Investment Limited Partnership"
Persons specified under Items (xviii) of Article 10(1) of Cabinet Office Ordinance Regarding Definitions(4)"Business corporations, etc."
Persons specified under Item (xx), Item (xxiii)(a) or Item (xxiii-2) of the same paragraph (the persons set forth in Item (xxiii)(a) are limited toresidents (residents specified under the first sentence of Article 6(1)(v) of the Foreign Exchange and Foreign Trade Act (Act 228 of 1949); same applies hereafter in 6))(5)"Individuals"
Persons specified under Article 10(1)(xxiv) of Cabinet Office Ordinance Regarding Definitions (limited to residents)(6)"Foreign corporations or foreigners, etc."
Persons specified in Items (iii), (vi), (xxii), (xxiii)(a), (xxiii)(b), (xxvi)(a), (xxiv)(b) or Items (xxv)-(xxvii). Provided that (a)person specified inItems (xxiii)(a) and (xxvi)(a) are limited to non-residents (non-residents specified in Article 6(1)(vi) of the Foreign Exchange and Foreign TradeAct) and (b) person specified in Items (xxiii)(b) and (xxvi)(b) are limited to persons who are operating partners, etc., related to contracts basedon foreign laws.
(7)"Other"
Persons who are specified under Cabinet Office Ordinance Regarding Definitions Article 10(1)(xxiii)(b) or (xxiv)(b) (excluding persons who areoperating partners related to contractors based on foreign laws)
7. In the "Existence of investors other than Qualified Institutional Investors (QII)" column: Specify "Yes" in the case of (a) private placement of thesaid Invested Business Equity with persons other than Qualified Institutional Investors, or (b) management of money and other assets investedor contributed by persons other than Qualified Institutional Investors; otherwise enter "None."
8. In the "Existence of persons specified under the items of Article 233-3" column: Specify "Yes" in the case of (a) private placement of the said
Invested Business Equity with persons specified under the Paragraphs of Article 233-3, or (b) management of money and other assets invested
or contributed by persons specified under the Paragraphs of Article 233-3; otherwise enter "None."
9. In the "Name or name of business of the certified public accountant or auditing firm" column: If you entered "Yes" under the "Existence of
persons specified under the items of Article 233-3" column, specify the name or name of business of the certified public accountants or auditing
firms who will audit profit and loss statements and balance sheets or documents substituting these of the Invested Business related to the statedbusinesses.

3. Officers and employees specified under a Cabinet Order(As of 2/11/2022)
Personal or company name:

Organizational position

Takuya Miyata

Managing Member

Type of the employee specified
by a Cabinet Order(Note)
1. In the case of a foreign corporation, it is not necessary to enter the name of the representativein Japan (i.e., the person specified under FIEA Article 63(7)(i)(d)).
2. In the "Type of the employee specified by a Cabinet Order" column: If the person is an"employee who oversees operations regarding provision of guidance to have employees
comply with laws, etc., or other individuals with similar responsibility" or an "employee whooversees the division that performs investment management or other individuals with similarresponsibility," enter the type in this column.
3. A person who has changed his/her surname due to marriage can enter his/her surname before
marriage next to the current full name in parentheses in the "Personal or company name"section.

4. Status of the sales branch or business office where SPBQII is operated(As of 2/11/2022)
Name
San Francisco Office
Registered Office

Location
535 Mission Street 14FL, San Francisco, CA94105, U.S.A
850 New Burton Road, Suite 201
Dover, DE 19904

Phone
415-722-9424
345-949-0100(Note)
Please enter the details of this section by the individual business offices that perform
SPBQII.