Contents
Usage Terms and Conditions .......................................................................................... 2
1. Contents of Service ...................................................................................................... 2
2. Contract Establishment ................................................................................................. 2
3. Fees ........................................................................................................................... 2
4. Use of Information ....................................................................................................... 4
5. Restrictions ................................................................................................................. 4
6. Suspension of Service .................................................................................................. 5
7. Disruption of Service ................................................................................................... 5
8. Disclaimer .................................................................................................................. 5
9. Contract Cancellation ................................................................................................... 6
10. Use of Personal Information ........................................................................................ 611. Use of Personal Information in Credit Card Payment ...................................................... 7
12. Governing Law and Dispute Resolution ........................................................................ 8
13. Change of Terms or Service ........................................................................................ 814. Pledge Concerning Elimination of Anti-Social Forces .................................................... 815. Translation ................................................................................................................ 8Exhibit: Covenant Concerning Elimination of Anti-Social Forces ....................................... 101

Usage Terms and Conditions
These Usage Terms and Conditions (hereinafter the "Terms") specify the terms andconditions that apply when using the JPX Data Cloud (hereinafter the "Service") provided by
JPX Market Innovation & Research, Inc. (hereinafter "JPXI"). Please read through theseTerms before applying for the Service.

1. Contents of Service
This service is a pay service that allows the customer to download an individual file by paying thefee corresponding to the individual file at each time.

2. Contract Establishment
The customer shall make an order for the individual file after registering a membership with ID
and password granted by JPXI. JPXI will send a confirmation e-mail to indicate that the customer'sorder has been accepted by JPXI.
At this point, the customer and JPXI shall be considered to have established a contract for use of
the Service (hereinafter the "contract").
Please note that after the contract is established, customer requests for cancellation will not beaccepted unless in cases where the reason is attributable to JPXI.

3. Fees(1) Fees
Fees for the Service shall be specified separately by the fee structure.
Fees charged to the customer are classified as below.
a.

The customer that makes the order shall pay the fees for the individual file by a designatedpayment method.

b. JPXI shall be able to change the fee structure without prior notice.
(2) Payment Methods
Payment can be made by credit card or bank transfer.
a. Bank transfer
A customer transfers the necessary funds to a JPXI-designated account at a financial institution.
Transfer fees are to be borne by the customer.
b. Credit card2

A customer pays the necessary funds using a credit card.
(3) Purpose of Use of Information
The usage fee for the Service varies according to the purpose of use of the information as follows.
The purpose of use is determined based on the report by the customer submitted at the time of theorder. If it becomes apparent that the purpose of use is different from that described in the report,
the customer shall pay the difference in the amount at the time of the order and the amount that itshould have paid.
a. Internal use
Use of the information is restricted to the customer. Provision of the information to third parties
is prohibited.
However, a listed company in Tokyo Stock Exchange, Inc. (hereinafter "TSE") may useinformation for preparation of IR documents*1, and this shall be considered internal use.
*1 Use by TSE-listed company for preparation of IR documents
This means that the customer uses the information to prepare material for the purpose ofinvestor relations such as financial statements and annual reports.
Uploading IR documents on the Internet as is (e.g. PDF) is considered internal use. However,publishing the data on the Internet in other forms, such as displaying its stock price on its IR
webpage, falls outside the scope of internal use.
b. Personal use
Use of the information by a customer who is an individual and does not use the information
for commercial purposes, but solely for individual purposes, such as his/her own investment(forms of use that make the information available for third-party use, including displaying it
on a personal website, fall outside the scope of personal use).
c. Academic use
Use of the information for non-commercial activity by a non-profit organization or anindividual belonging to such organization for conducting research/studies whose results are
not used for commercial purposes. The customer shall not publish the results of theresearch/study in a form where the original information may be obtained by a third party.
The customer shall cooperate with JPXI's requests regarding the results of the research/study.
d. External distribution
External distribution applies to any form of use that does not fall under a., b., or c. (e.g. when
distributing the information to third parties through a website that is accessible to the generalpublic.)34. Use of Information
The customer shall agree to all of the following matters with regard to the use of the Service.
a.

JPXI or the information provider owns the exclusive rights relating to the contents of theinformation provided through this Service.

b. The customer that applied for the information for external distribution must prohibit the thirdparties to which it distributes the data from redistributing said data to other parties(hereinafter "redistribution"). If it becomes apparent that the third party conducts
redistribution, the customer must take measures to address the situation, such as requestingthat the third party ceases such redistribution.
c.

Where a customer that applied for external distribution distributes the data to third parties
through a website that is accessible to the general public (excluding cases in which only users
authorized by the customer can access the website using IDs and passwords, etc.), it must
not display 50 or more issues/data points or provide the data for download in a file format
compatible with spreadsheet software, etc.

d. Where a customer that applied for the information for external distribution distributes
indices calculated and published by JPXI, it is, in principle, required to enter into a license
agreement on the indices.

5. Restrictions
The customer shall not engage in the following when using the Service.
a.

Activities that disrupt Service operations

b. Generate high access traffic within a short period of time and other activities that hinder
Service operationsc.

Develop an application, etc. that contains the following contents.
-

Content that violates the law or the Terms-

Content that may be offensive to public morals

d. Registering a membership or access the Service using a false name or posing as anotherperson, or unauthorized use of another party's ID/password.
e.

Transfer the rights or obligations based on the Term or IDs/passwords to or inherit them fromany third party.

f.

Provide, license, transfer, sell or lend the information to a third party, excluding cases wherethe customer has applied for external distribution.

g. Other activities that are prohibited by JPXI.

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6. Suspension of Service
In cases falling under the following situations, JPXI reserves the right to suspend provision of theService without prior notice.
The customer fails to pay all or part of the usage fees by the designated date.

a.

b. The customer engages, or is reasonably found to engage, in activities listed in a. to g. of "5.
Restrictions."IDs/passwords of the customer are, or reasonably suspected of, being used by a third party.

c.

7. Disruption of Service
In cases falling under the following situations, JPXI reserves the right to temporarily disrupt
provision of the Service without the consent of the customer. In such cases, JPXI shall publicize it
by a method it deems as appropriate. However, this shall not apply to emergencies.
a.

System maintenance or updates, or a situation deemed to be an emergency

b. Where provision of the Service is difficult due to natural disaster, fire, blackout, or otherforce majeure event.
c.

Where provision of the Service is difficult due to unforeseen circumstances

8. Disclaimer
In using the Service, the customer understands and agrees to the following matters.
a.

The scope of the Service that falls under JPXI operations and management shall be up to theJPXI-side connection port of the Internet communication line. JPXI shall be not liable forcompensation or reimbursement of any expenses or damages borne by the user in relation to
any failure in the facility, equipment, or software which is in beyond the scope of JPXI
operations and management.

b. Although JPXI makes every effort to ensure the accuracy of the information, this does notguarantee that it is free from error. JPXI shall bear no responsibility whatsoever for thetruthfulness, accuracy, credibility, and usefulness of the information or any decisions madeby users based on the information. JPXI shall not guarantee the continuity or stability ofthe provision of the data.
c.

JPXI shall not be liable for damages incurred by users or third parties due to the use of theService or information.

d. The information will not be retransmitted even if a modification has been made to its contents(including corrections to earnings reports by listed companies).
e.

In the event that the information is used improperly, including cases where it becomesapparent that the information is used for purposes other than that reported at the time of theorder, JPXI shall be able to investigate the use of said data where it deems necessary by first5

giving prior written notice to the user. JPXI shall not be liable for compensation or
reimbursement of any expenses or damages borne by the user or a third party in connection
with such investigations.
f.

In the cases described in "6.Suspension of Service," JPXI shall not return any fees that havebeen paid for the suspended period regardless loss or damage incurred by the customer.

g. In the cases described in "7. Disruption of Service," JPXI shall not be liable for any
reimbursement and shall not return any fees that have been paid during the period regardlessof loss or damage incurred by the customer.

9. Contract Cancellation
JPXI shall be able to cancel the contract without prior notice or warning should the customer fall into
any of the following categories.
a.

The customer fails to pay all or part of the usage fees by the designated date, and does not
rectify the situation for a considerable period of time despite warnings from JPXI.

b. The customer cannot be contacted using the contact information submitted when registeringa membership or making an order.
c.

Information provided by the customer is found to be false (impersonation, fabrication, error,etc.).

d. The name on the credit card used for payment is different from the name of the person making
the order.
e.

Provisional seizure, provisional disposition, enforcement, auction petition, petition forbankruptcy, civil rehabilitation, or corporate reorganization, reminder on arrears for taxes
and dues, suspension of payment, suspension of trading by a clearinghousef.

The customer fails to abide by the Terms

g. JPXI has just cause to believe that the continued provision of the Service to the customer willhinder JPXI operations or cause technical issues in the provision of the Service.

10. Use of Personal Information(1) Personal information such as the name, address, phone number, and e-mail address provided by
the customer to JPXI when registering a membership or making an order for the Service will be
used in the following ways.
a. Confirming and fulfilling orders made through the Serviceb. Sending notices relating to the information provided through the Servicec. Conducting research to improve the Service or develop new products or services
d. Sending questionnaires or information on new products or services
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(2) JPXI shall be able to share the personal information provided above with Japan Exchange Group,
Inc., Tokyo Stock Exchange, Inc., Osaka Exchange, Inc., Tokyo Commodity Exchange, Inc.,
Japan Exchange Regulation, and Japan Securities Clearing Corporation which belong to the samecorporate group (hereinafter collectively "the JPX group"). The JPX group shall use the personal
information provided by the customer in accordance with the JPX group’s “Handling of PersonalInformation” and its “Privacy Policy”, and shall not use it for any purpose beyond those outlined
above or disclose or provide it to any third party without the expressed consent of the customer,except in cases where legally required.
Information on the Handling of Personal Information at the JPX group:https://www.jpx.co.jp/english/corporate/governance/security/personalinformation/index.html

JPX group Privacy Policy:
https://www.jpx.co.jp/english/corporate/governance/security/privacy-policy/index.html

11. Use of Personal Information in Credit Card Payment(1) Consignment of Settlement
JPXI consigns activities required for payment settlement for this Service to the company
indicated below.
Name of Consignee
SB Payment Service Corp. (https://www.sbpayment.co.jp/en/)(2) Provision of Personal Information to Consignee
The following personal information necessary for payment settlement for this Service will be
provided to the consignee to be used only as necessary for executing such settlement activities:
Transaction ID, payment amount, credit card number, credit card expiration date, credit card
security code, information of devices such as IP address(3) Disclosure of personal information to settlement company
JPXI may provide/disclose the following personal information necessary for payment
settlement for this Service to the settlement company upon request:
Name, address, phone number, e-mail address, order details(4) Purpose of Use of Personal Information
Provision of the personal information above in (2) and (3) is for activities required for payment
settlement for this service, and the use of personal information by parties receiving suchinformation for any other purpose whatsoever is strictly prohibited.

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12. Governing Law and Dispute Resolution
These Terms and contracts relating to the use of the Service shall be interpreted, construed, andgoverned in accordance with Japanese law. The Tokyo District Court or Tokyo Summary Court shallhave exclusive jurisdiction as the court of first instance on any dispute that may arise between thecustomer and JPXI with regard to this Service.

13. Change of Terms or Service(1) These Terms may be subject to change without prior notice. In the case of the use, please referto the latest Terms available.
(2) The content of the Service may be subject to change without prior notice.

14. Pledge Concerning Elimination of Anti-Social Forces
The Customer shall comply with the terms of the Exhibit: Covenant Concerning Elimination of AntiSocial Forces when using the Service.

15. Translation
The English version of the Terms is a reference translation of the Japanese version. Should any
discrepancy occur between the English and Japanese versions, the Japanese version shall prevail.

8Issued: April 1, 2022
Updated: June 21, 2022
Updated: September 1, 2023
Updated: March 4, 2024

9Exhibit: Covenant Concerning Elimination of Anti-Social Forces
JPXI and the Customer shall agree and respect the following matters.
(Definition of Anti-Social Forces)
Article 1. In this covenant, Anti-Social Forces shall be a person or entity which falls
under any of the following items:(1) Organized criminal group;(2) Member of any organized criminal group;(3) A person or entity (including its officers (regardless of their titles such as advisor
and counsellor; the same shall apply hereinafter), its employees, and any otherconstituent members; the same shall apply hereinafter) that have close
relationships with any organized criminal group or any member of an organizedcriminal group;(4) Corporate extortionist;(5) A person or entity which has made unreasonable demands to citizens or enterprisesin the name of social activism, human rights movements, or political activism, etc.;(6) A person or entity which commit any act which undermines social order or civicsafety, etc.; or(7) A person or entity which is deemed to have a relationship subject to social criticism
with any person/entity enumerated in any of the above six items.
(Pledge)
Article 2. The customer shall pledge that its shareholders (limited to those that havede facto participation in the management of the Company), officers, or employees do
not fall under Anti-Social Forces.
2. The customer must cooperate, as needed, in relation to surveys on whether or nota person or entity referenced in the items of the preceding paragraph or the following
items falls under Anti-Social Forces, and submit materials, etc. requested by the otherparty.

(Termination)
10Article 3. JPXI may, if the Customer falls under any of the following items,
immediately terminate all or part of this agreement and/or the subject contract
without advance notice to the other party:(1) Where the Customer has, by itself or by means of a third party, committed acts
such as violence, fraud, threatening statement, and obstruction of the conduct ofbusiness;(2) Where the Customer has committed, or is likely to commit, by itself or by meansof a third party, an act which undermines the reputation of or trust in the otherparty;(3) Where a person or entity referenced in each item of Paragraph 1 of the precedingarticle is found to fall under Anti-Social Forces;(4) Where the Customer does not cooperate on the survey or report prescribed inParagraph 2 of the preceding article nor submit materials, etc. requested by theother party without reasonable grounds; or(5) Where the Customer has violated Article 21 or 24 of the "Tokyo Metropolitan
Prefecture Ordinance on Eliminating Organized Crime", No. 54 of the Tokyo
Metropolitan Ordinance or similar provisions of prefectural or municipal
ordinances, etc. enacted by any prefecture, city, special ward, town, or village.
(Liability for Damage)
Article 4. JPXI and the Customer hereby confirm that, JPXI shall not accept liability
for any damage or loss incurred by the other party due to JPXI terminating all or partof this agreement or the subject contract pursuant to the preceding article.

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