Comparison Table for the Revision of Articles of Incorporation
Before Revision

After Revision(Types of Members)(Types of Members)

Article 6Article 6

1. The members of this Association shall be the following five types and the regular members

1. The members of this Association shall be the following five types and the regular members

and the special advisors shall be the voting members under the Act on General Incorporated

and the special advisors shall be the voting members under the Act on General Incorporated

Associations and General Incorporated Foundations (“the Associations Act”):

Associations and General Incorporated Foundations (“the Associations Act”):(1)

Regular members: Juridical persons in Japan who endorse the aim of and have(1) Regular members: Juridical persons in Japan who endorse the aim of and havejoined this association and have records of advanced use of FLIP, extensive transaction

joined this association and have records of advanced use of FLIP, extensive transaction

with this Association, and high performance in the research and development of FLIP;

with this Association, and high performance in the research and development of FLIP;(2) Special advisors: Persons in Japan of the persons with experience and academic(2) Special advisors: Persons in Japan of the persons with experience and academic

standing, etc., who endorse the aim of and have joined this association, persons whostanding, etc., who endorse the aim of and have joined this association, persons who

execute the activities of this Association;

execute the activities of this Association;(3) General members: Juridical persons or individuals in Japan who endorse the aim of(3) General members: Juridical persons or individuals in Japan who endorse the aim ofand have joined this association, and have records of advanced use of FLIP, extensive

and have joined this association, and have records of advanced use of FLIP, extensive

transaction with this Association;transaction with this Association;(4) Advisors: Persons in Japan or overseas with experience and academic standing, etc.,(4) Advisors: Persons in Japan or overseas with experience and academic standing, etc.,

who endorse the aim of and have joined this association and give academic guidance

who endorse the aim of and have joined this association and give academic guidance

and advice on the activities of this association (advisors in overseas shall be hereinafter

and advice on the activities of this association (advisors in overseas shall be hereinafterreferred to as “international advisors”); andreferred to as “international advisors”); and(5) User members: Juridical persons or individuals in Japan or overseas who endorse the(5) User members: Juridical persons or individuals in Japan or overseas who endorse

aim of and have joined this association (user members in overseas shall be hereinafter

the aim of and have joined this association. Of User members, juridical persons orreferred to as “overseas members”)

individuals located outside Japan (hereinafter referred to as “Overseas members”)must have joined before October 6, 2023.

(Admission to the Association)(Admission to the Association)

Article 7

Article 7

1. Persons wishing to become regular, general, user or overseas members of the association

1. Persons wishing to become regular, general, or user members of the association shallshall submit an application form as set out separately, and obtain the approval of thesubmit an Application Form for Admission or Change of Membership as set out separately.

council for regular and general members and of the president or the director in charge for

For application for regular member, only Application Form for Change of Membership isuser and overseas members.

applicable. With respect to application, the approval of the council shall be required forregular and general members, and the approval of the president or the director in charge
shall be required for user members.

2. Special advisors, advisors or international advisor of this association shall be

2. Special advisors, advisors or international advisor of this association shall be recommended

recommended by the council, without any application form, and a consent of theby the council, without any application form, and a consent of the recommended persons

recommended persons must be obtained for such persons to become a member.

must be obtained for such persons to become a member.

3. Paragraph 1 of this Article shall be accordingly applied to a change of membership from
one type to another.

3. Paragraph 1 of this Article shall be accordingly applied to a change of membership from one
type to another.
4. Applications for Overseas members of the association submitted on or after October 6,(None)2023 shall not be accepted. In addition, change of a membership type to overseas
members on and after October 6, 2023 shall not be accepted.

(Voluntary Withdrawal from Membership)(Voluntary Withdrawal from Membership)

Article 11

Article 11

The members are free to withdraw from the membership at any time by submitting a notice

The members are free to withdraw from the membership at any time by submitting a noticeof withdrawal in the form as set out separately.

of withdrawal in the form as set out separately, provided that neither Article 12 nor Article
13 applies.

(Loss of Eligibility)(Loss of Eligibility)

Article 13Article 13

In addition to the events set forth in the preceding two articles, a member shall lose its

In addition to the events set forth in the preceding two articles, a member shall lose its

eligibility if any of the following applies:

eligibility if any of the following applies:(1)

Failure to pay membership dues for one year or more;(1) Failure to pay membership dues for one year or more;(2)

Upon agreement by all voting members;(2) Upon agreement by all voting members;(3)

In the event of death or dissolution of such member; or(3) In the event of death or dissolution of such member;(4)

In the event that a member no longer satisfies the requirements for qualifying the(4) In the event that a member no longer satisfies the requirements for qualifying thetype of members set forth in the Articles of Incorporation or other rules of thistype of members set forth in the Articles of Incorporation or other rules of thisassociation. However, a member is allowed to be a member of other type, if theassociation. However, a member is allowed to be a member of other type, if themember meets the requirements for qualifying the other type and the change of typemember meets the requirements for qualifying the other type and the change of typeof members is approved by this association as set forth in Article 7.

of members is approved by this association as set forth in Article 7; or.
(5)

In the event that any of the following events occurs for the member on or after

October 6, 2023.
a. when the member has become a disappearing company in merger or a wholly(None)

owned subsidiary company in share exchange or share transfer;b. when all or a part of the right of membership of this association is to be
succeeded by a third party due to corporate divestiture or business transfer;c. when the shareholders change by more than 50%; ord. when the FLIP consortium determines that there has been a significant change
in effective controlling interest or business environment due to changes of thedirectors and other reasons.

(Rights and Obligations after Loss of Membership)(Rights and Obligations after Loss of Membership)

Article 14

Article 14

A member who is forfeited of its membership in accordance with the preceding three articles

A member who is forfeited of its membership in accordance with the preceding three articles

shall be denied the rights of and freed from obligations as a member of this association. A

shall be denied the rights of and freed from obligations as a member of this association. A

voting member who is forfeited of its membership shall lose its status as a voting member

voting member who is forfeited of its membership shall lose its status as a voting member

under the Association Act. However, the member who has lost its membership will be able

under the Association Act. However, the member who has lost its membership will be able toto continue its own use of FLIP, limited to the version of FLIP upgraded or enhanced duringcontinue its own use of FLIP, limited to the version of FLIP upgraded or enhanced during its

its membership. No exemption may be granted to a member for any obligations alreadymembership. No exemption may be granted to a member for any obligations already incurred

incurred but not yet carried out at the time of loss of membership.

but not yet carried out at the time of loss of membership.
2. Notwithstanding the preceding paragraph, only members who have lost theirmemberships by voluntary withdrawal in accordance with Article 11 will be able tocontinue their own use of the FLIP Programs, limited to the versions improved or(None)enhanced during their membership, even after their loss of membership.
3. With regard to the preceding paragraph, in the event that a member has reached in any
situation of the preceding Article (3) or (5) after its voluntary withdrawal, the member
shall be no longer eligible for use of the FLIP Programs of which versions improved orenhanced during its membership.
(Partial Exemption or Limitation of Liability)(Partial Exemption or Limitation of Liability)

Article 33

Article 33

1. If requirements under laws and regulations are met, this association shall be able to1. If requirements under laws and regulations are met, this association shall be able to release

release the indemnity liability of officers set forth in paragraph 1, Article 111 of thethe indemnity liability of officers set forth in paragraph 1, Article 111 of the Association Act

Association Act subject to a resolution of the council, to the extent of the amount computed

subject to a resolution of the council, to the extent of the amount computed by deducting

by deducting the minimum amount of liability specified in the laws and regulations fromthe minimum amount of liability specified in the laws and regulations from the amount of

the amount of the indemnity liability.

the indemnity liability.

2. This association shall be able to conclude with an outside director an agreement to limit

2. This association shall be able to conclude with a director (only who is not an executive

the indemnity liability due to acts under Article 111 of the Association Act based on Article

director or employee of the association) an agreement to limit the indemnity liability due

115 of the same Act. The amount of limitation of liability under such agreement shall beto acts under Article 111 of the Association Act based on Article 115 of the same Act. The

the amount specified in laws and regulations.

amount of limitation of liability under such agreement shall be the amount specified in laws
and regulations.
Supplementary Provisions 5(None)

1.

The Articles of Incorporation shall be applied and effective from September 5, 2023.

2.

For the member who had already been an Overseas member at the time of theenforcement of the Articles of Incorporation as set forth in the preceding paragraph, thedefinitions of types of membership in Article 6 shall remain the same as those given in theArticles of Incorporation applied and effective from September 15, 2020.