[English translation for the sake of convenience. Original written in Japanese language.]

Camera and Imaging Products Association
Rules for the Operation of the Board of Directors

Camera and Imaging Products AssociationGeneral Incorporated Association

[English translation for the sake of convenience. Original written in Japanese language.]

Article 1 (Purpose)
These Rules provide for matters related to the operation of the Board of Directors of Camera andImaging Products Association (hereinafter referred to as CIPA) including, but not limited to, themethods of discussions and resolutions by the Board of Directors.

Article 2 (Composition of the Board of Directors)
All the Directors constitute the Board of Directors. Each Director shall take responsibility ofparticipating in meetings of the Board of Directors.

Article 3 (Duties of the Board of Directors)
3.1

The Board of Directors shall decide on affairs and operations of CIPA in all material aspects,
and shall supervise the Representative Directors and any other Director in the execution of
their duties, and select and dismiss the Representative Directors.

3.2

The Board of Directors shall receive a report on the affairs and operations of CIPA at least
once every three months from the Chair and Representative Director and/or the Vice Chairand Representative Director.

Article 4 (Matters Subject to a Resolution)
4.1

The following matters shall be subject to a resolution by the Board of Directors.
(1) Establishment or abolition of branches (Article 3 of the Articles of Association)(2) Admission of a regular or supporting member, the offering of the position of special
member to a qualified organization or individual, or the expulsion of a member (Articles
14 and 17 of the Articles of Association)(3) Determination of the amount or the basis for the calculation of expenses related to theactivities of the committees, expenses for project activities, the Director Member’s special
contribution, and the payment methods applied thereto (Article 16 of the Articles ofAssociation)(4) Determination of a date, time and place for a general meeting and matters that are to besubmitted for discussions and/or resolutions to the general meeting (including, but notlimited to, expulsion of a member, election of Directors, remuneration of Auditors,

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[English translation for the sake of convenience. Original written in Japanese language.]financial statements, and amendment of the Articles of Association)(5) Approval of business plans and budgets (Article 47 of the Articles of Association)(6) Selection or dismissal of the Chair and Representative Director and/or the Vice Chair
and Representative Director (Article 31 of the Articles of Association)(7) Approval of a transaction causing a conflict of interest between a Director or a regularmember or supporting member and CIPA (Article 19 of the Articles of Association)(8) Adoption of standards for compatibility or interoperability of Imaging Equipment anddetermination on the terms and conditions for granting a license under intellectual
property regarding the standards (including, but not limited to, names of licensees,whether or not a royalty is payable, and the royalty rate if applicable ) (Article 31 of the
Articles of Association)(9) Establishment or abolition of a committee and/or a related working group, andappointment or dismissal of a Chair or a Vice Chair of a committee (Articles 37 and 38 of
the Articles of Association)(10)

Establishment or abolition of the project council or a project, and appointment or
dismissal of a project council member or project member (Articles 39 and 40 of theArticles of Association)(11) Opening and closing of current accounts, and issuance, acceptance, endorsement orother transactions regarding bills, notes or cheques (Article 31 of the Articles ofAssociation)(12) Borrowings (including finance leasing) of no less than 1 million yen per case andguarantees for debts (Article 31 of the Articles of Association)(13) Donations (Article 31 of the Articles of Association)(14) Appointment or dismissal of, or remuneration of, the Secretary General, appointment ordismissal of other Secretariat Officers, acceptance of seconded staff, disciplinary action,discharge and any other important matters concerning the personnel of the Secretariat(Article 53 of the Articles of Association)
4.2

Notwithstanding the preceding paragraph, the Board of Directors may discuss and/or resolve
any other matter, as necessary.

Article 5 ( Discussions and Resolutions)
5.1

The Chairperson of the Board of Directors shall not start discussions unless a majority of theDirectors is in attendance at a meeting of the Board of Directors.

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[English translation for the sake of convenience. Original written in Japanese language.]

5.2

If the Chairperson of the Board of Directors judges that a subject has been fully discussed, heor she may put it to the vote by means of an appropriate method, such as voting by a show ofhands.

5.3

Any action shall be resolved by a simple majority of Directors in attendance.

5.4

Any Director who has a special interest in the subject to be resolved shall not be entitled toany vote at the time of resolution on such subject.

5.5

Any Director who is not entitled to the vote pursuant to the preceding paragraph 5.4 shall not
be counted in the number of Directors in attendance at the resolution.

Article 6 (Attendees other than Directors)
6.1

Any Director may be accompanied by a person who has knowledge regarding a matter being
discussed at a meeting of the Board of Directors so that the Director may obtain explanations
and/or other support from this person, provided that the accompanying person shall be adirector, an executive officer, a general manager or any other employee of the Director
Member related to the said Director.

6.2

Any Auditor shall attend any meeting of the Board of Directors and must express his or her
opinions when deemed necessary.

6.3

The Board of Directors may invite any person other than a Director and/or Auditor to any
meeting of the Board of Directors to hear his or her opinions or explanation when the Boardof Directors judges this to be necessary by its resolution.

Article 7 (Minutes of Meetings)
7.1

The Secretary General, or any other official of the Secretariat appointed by the Chairperson of
the Board of Directors, shall, under the direction of the Chairperson of the Board of Directors,
attend a meeting of the Board of Directors with the Chairperson and shall take the minutesof the meeting and record the summaries of the progress and the results of the discussions aswell as the names of all Directors and Auditors present.

7.2

A Representative Director shall deliver a copy of the minutes as described in the preceding

3[English translation for the sake of convenience. Original written in Japanese language.]paragraph to every Director and every Auditor within thirty (30) days from the date of therelevant meeting of the Board of Directors.

Article 8 (Revision of rules)
The revision of the rules herein shall be made by resolution of the Board of Directors.

Article 9 (Supplementary provision)
These Rules shall become effective as of the date of the establishment of CIPA.

Effective as of July 1, 2002
Revised on May 27, 2003
Revised on January 27, 2009Revised on May 24, 20114