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Exhibit 2.1

(TRANSLATION)

SHARE HANDLING REGULATIONS
OF
MAKITA CORPORATION(Kabushiki Kaisha Makita)

CHAPTER I

GENERAL PROVISIONS

Article 1.(Purpose)

The denominations of share certificates and the handling business relating
to shares of the Company and charges therefor shall be governed by these
Regulations pursuant to Article 9 of the Articles of Incorporation of the
Company; provided, however, that handling concerning beneficial shareholders
shall be subject to the rules provided for by the Japan Securities Depository
Center, Inc. (hereinafter JASDEC) in addition to these Regulations.

Article 2.(Transfer Agent)

The transfer Agent of the Company, its handling office and liaison offices
shall be as follows:

|                     |  |                                                                                                                 
|-------------------- |  | ----------------------------------------------------------------------------------------------------------------
|Transfer Agent:      |  | The Chuo Mitsui Trust and Banking Company, Limited33-1, Shiba 3-chome, Minato-ku, Tokyo                         
|                     |  |                                                                                                                 
|Its handling office: |  | The Chuo Mitsui Trust and Banking Company, LimitedNagoya Branch Office15-33, Sakae 3-chome, Naka-ku, Nagoya City
|                     |  |                                                                                                                 
|Its liaison offices: |  | Head office and nationwide branch offices of The Chuo Mitsui Trust and Banking Company, Limited                 
|                     |  |                                                                                                                 
|                     |  | Head office and nationwide branch offices of Japan Securities Agents, Ltd.                                      

Article 3.(Denominations of Share Certificates)



|(1) |  |  | The share certificates to be issued by the Company shall be in
the denominations of one (1), one hundred (100), five hundred (500),
one thousand (1,000) and ten thousand (10,000) shares; provided,
however, that with respect to any number of shares less than one
hundred (100)
|--- |  |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| |     |  | shares, share certificates representing any number of
shares may be issued.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | (2) |  | Of the share certificates referred to in the immediately
preceding paragraph, shareholders may not request the issue of share
certificates representing shares constituting less than one full unit
of shares as provided for in Article 6 of the Articles of
Incorporation (hereinafter shares constituting less than a full
unit), except pursuant to the provisions of Articles 21 (Reissuance
due to Defacement or Mutilation), 22 (Reissuance due to Completion of
Columns for Endorsement) and 26 (Reissuance due to Lapse of Share
Certificates) herein.

Article 4.(Requests and Reports, etc.)



| | (1) |  | Procedures for making requests and reports, etc. with respect
to the business which the Company has entrusted to the Transfer Agent
shall be handled by such Transfer Agent.                                                                                                                              
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | (2) |  | All requests, reports and applications under these Regulations
shall be made in the form prescribed by the Company and with the seal
impression of which the Company was notified under Article 14 affixed
thereto.                                                                                       
|
| | (3) |  | Should any request, report or application referred to in the
immediately preceding paragraph be made by an agent, a document
evidencing the authority of such agent shall be submitted, or if the
consent of a curator or an assistant is required, a document
evidencing such consent shall be submitted.

CHAPTER II

REGISTRATION OF TRANSFER OF SHARES, ETC.

Article 5.(Registration of Transfer of Shares)



| | (1) |  | In the event that a request for registration of transfer of
shares is made, a written request therefor shall be submitted
together with the shares certificates concerned.                                                                                                                                                                                                                         
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | (2) |  | In the event that a request for registration of transfer of the
shares acquired for any reason other than assignment is made, a
document evidencing the acquisition shall be submitted in addition to
the procedures referred to in the immediately preceding paragraph;
provided, however, that if no share certificates have been issued for
such shares, their submission shall not be required.

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Article 6.(Registration of Transfer of Shares where Special Procedure is Required by Laws or Ordinances)

In the event that a transfer of shares requires the performance of a
special procedure by laws or ordinances, a written request for registration of
such transfer shall be submitted together with the share certificates concerned
and a document evidencing completion of such special procedure.

Article 7.(Entries, etc. in the Register of Beneficial Shareholders)

Entries (including digital entries) in the register of beneficial
shareholders shall be made, based on the notices given by JASDEC with respect
to the beneficial shareholders and the beneficial shareholder cards.

Article 8.(Beneficial Shareholder Card)

A beneficial shareholder shall submit a beneficial shareholder card
through a participant.

Article 9.(Integration)

If a shareholder recorded on the register of shareholders in writing or
digitally is deemed to be the same person as a beneficial shareholder recorded
on the register of beneficial shareholders in writing or digitally based on
his/her address and name, the respective numbers of shares on each such
register shall be aggregated with respect to exercise of the rights of
shareholders.

CHAPTER III

REGISTRATION OF PLEDGE AND DECLARATION OF TRUST ASSETS

Article 10.(Registration or Deregistration of Pledge)

In the event that a request for registration of pledge or change or
deregistration thereof is made in respect of shares, a written request therefor
jointly signed by the pledgor and the pledgee shall be submitted together with
the share certificates concerned.

Article 11.(Declaration of Trust Assets or Cancellation Thereof)

In the event that a request for declaration of trust assets or
cancellation thereof is made in respect of shares, a written request therefor
shall be submitted either by the trustor or the trustee together with the share
certificates concerned.

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CHAPTER IV

NON-POSSESSION OF SHARE CERTIFICATES

Article 12.(Request for Non-Possession of Share Certificates)

In the event that a request for non-possession of share certificates is
made, a written request therefor shall be submitted together with the share
certificates concerned; provided, however, that if such share certificates have
not yet been issued, submission of share certificates shall not be required.

Article 13.(Request for Issuance or Return of Share Certificates Placed in Non-Possession Status)

In the event that a request for issuance or return of share certificates
is made by a shareholder who has requested non-possession of the share
certificates, a written request therefor shall be submitted; provided, however,
that no request shall be made for issuance of share certificates representing
shares constituting less than a full unit if the certificates for such shares
has been treated as non-issued share certificates.

CHAPTER V

REPORTS

Article 14.(Report of Name, Address and Seal Impression)



|(1) |  |  | A shareholder, a beneficial shareholder, a registered pledgee
or his/her legal representative shall report his/her address, name
and seal impression; provided, however, that a foreigner who is
accustomed to signing his/her name may substitute his/her specimen
signature for such seal impression.
|--- |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | In the event of any change in the matters referred to in the
immediately preceding paragraph, a report thereof shall be submitted.                                                                                                                                                                     

Article 15.(Report of Mailing Address or Proxy by Nonresident Shareholders)



|(1) |  |  | A shareholder, a beneficial shareholder, a registered pledgee
or his/her legal representative who is residing in a foreign country
shall, in addition to the procedures referred to in the immediately
preceding article, either appoint a standing proxy who resides in
Japan or designate a mailing address in Japan to receive notices and
shall report thereon.
|--- |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | The provisions of the immediately preceding article shall apply
mutatis mutandisto a standing proxy.                                                                                                                                                                                                                                                               

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Article 16.(Representative of Corporation)



|(1) |  |  | If a shareholder or a beneficial shareholder is a corporation,
the name of one (1) representative of such corporation shall be
notified.                                        
|--- |  |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | In case of change of such representative, a written
notification thereof shall be submitted together with a certified
copy of the extract of the commercial registration record.

Article 17.(Representative of Jointly Owned Shares)



|(1) |  |  | Shareholders or beneficial shareholders who own shares jointly
shall appoint one (1) representative and a notification thereof shall
be submitted.
|--- |  |  | --------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | The same shall apply in case of change of such representative.                                                                                    

Article 18.(Change of Entries in Register of Shareholders, in Register of Beneficial Shareholders and in Share Certificates)

In case of any change of entries in the register of shareholders, in the
register of beneficial shareholders or in share certificates for the following
reasons, a written report thereof shall be submitted together with the share
certificates concerned and a document evidencing such fact; provided, however,
if the share certificates concerned have not been issued for such shares or if
such change is concerned with entries in the register of beneficial
shareholders, the submission of share certificates shall not be required:



|(1) |  |  | Change of family name or first name;                                                                                             
|--- |  |  | ---------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | Appointment of legal representative such as a person having
parental authority and a guardian, or change or cancellation thereof;
|   
|(3) |  |  | Change of trade name or corporate name; and                                                                                      
|   
|(4) |  |  | Change in corporate organization.                                                                                                

Article 19.(Special Exemption to Report Regarding Beneficial Shareholders)

In the event that a beneficial shareholder make a report under this
Chapter, such report shall be made through the participant(s); provided,
however, that if a change is made only to the designated seal impression, such
report need not be made through the participant(s).

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CHAPTER VI

REISSUANCE OF SHARE CERTIFICATES

Article 20.(Reissuance due to Division or Consolidation)



|(1) |  |  | In the event that issuance of new share certificates is
requested for the purpose of dividing or consolidating share
certificates, a written request therefor shall be submitted together
with the share certificates concerned.
|--- |  |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | No request shall be made for issuance of share certificates for
shares constituting less than a full unit resulting from division or
consolidation of shares.                                                                   

Article 21.(Reissuance due to Defacement or Mutilation)

In the event that issuance of new share certificates is requested due to
defacement or mutilation, a written request therefor shall be submitted
together with the share certificates concerned; provided, however, that if it
is difficult to discern whether the share certificates in question are genuine
or not because of excessive defacement or mutilation, the provisions in Chapter
7 shall apply mutatis mutandis.

Article 22.(Reissuance due to Completion of Columns for Endorsement)

In the event that all the columns for endorsement of a share certificate
have been filled, such share certificate shall be retrieved and a new share
certificate shall be issued therefor.

Article 23.(Automatic Consolidation of Certificates forShares Constituting Less than a Full Unit)

Certificates for shares constituting less than a full unit submitted for
registration of transfer of shares shall, whenever the aggregate number of
shares represented by such certificates amounts to or exceeds a full unit or an
integral multiple of a unit, be consolidated into full unit share certificates,
unless the party requesting such registration has instructed otherwise.

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CHAPTER VII

REISSUANCE OF SHARE CERTIFICATES DUE TO LOSS

Article 24.(Application for Registration of Lost Share Certificates and Application for Cancellation thereof)



|(1) |  |  | Any person who applies for registration of lost share
certificates shall submit a written application therefor together
with a document evidencing acquisition of such share certificates, a
document evidencing loss thereof and a document for his/her
identification; provided however, that if such person is a nominee or
a registered pledgee of such lost share certificates, only a document
evidencing loss thereof shall be submitted with a written application
therefor.
|--- |  |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | In the event that a registrant of lost share certificates
applies for cancellation of such registration of lost share
certificates referred to in the preceding paragraph, a written
application therefor shall be submitted.                                                                                                                                                                                                                                                       

Article 25.(Application for Objection to Registration of Lost Share Certificates)

In the event that an objection to registration of lost share certificates
is applied, a written application therefor shall be submitted together with the
share certificate concerned and a document for identification of the applicant;
provided, however, in a case a shareholder or a registered pledgee applies for
such objection, submission of a document for identification of the applicant
shall not be required.

Article 26.(Reissuance Due to Lapse of Share Certificates)

In the event that reissuance of lapsed share certificates is requested, a
written request therefor shall be submitted.

Article 27.(Application of Provisions Concerning Reports)

In the event that a registrant of lost share certificates, who is not a
shareholder nor a registered pledgee, changes any matter recorded on the
register of lost share certificates in writing or digitally, the provisions of
Articles 14 through 18 hereof shall be applied thereto mutatis mutandis.

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CHAPTER VIII

PURCHASE OF SHARES CONSTITUTING LESS THAN A FULL UNIT

Article 28.(Method of Request for Purchase of Shares)



|(1) |  |  | In the event that a request for purchase of shares constituting
less than a full unit by the Company is made, a written request
therefor shall be submitted to the handling office or any of the
liaison offices of the Transfer Agent referred to in Article 2 hereof
together with the share certificates concerned; provided, however,
that if no share certificates have been issued for such shares,
submission of the share certificates shall not be required.
|--- |  |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | In the event that a beneficial shareholder makes a request
referred to in the immediately preceding paragraph, such request
shall be made through the participant(s) and JASDEC.                                                                                                                                                                                                                                                                                     

Article 29.(Determination of Purchase Price)



|(1) |  |  | The purchase price per share for shares constituting less than
a full unit for which a request for purchase is made shall be the
last reported selling price per share on the market opened at the
Tokyo Stock Exchange on the day on which the document for such
request for purchase referred to in the immediately preceding article
arrives at the handling office or any of the liaison offices of the
Transfer Agent referred to in Article 2 hereof; provided, however,
that if no sale of shares is made on such day at the Tokyo Stock
Exchange or if no trading is made thereat on that day, the first
reported selling price per share at the Tokyo Stock Exchange after
that day shall be the purchase price.
|--- |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | The purchase price shall be the amount obtained by multiplying
the purchase price per share referred to in the immediately preceding
paragraph by the number of shares being requested for purchase.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

Article 30.(Payment of Purchase Price)



|(1) |  |  | The amount obtained by deducting the handling charges referred
to in Article 41 hereof from the purchase price calculated pursuant
to the immediately preceding article shall be paid by the Company on
the sixth business day from the day following the day on which the
purchase price is fixed at the place where the request for purchase
is accepted; provided, however, that if the purchase price reflects
the right to receive dividends, stock split or the right to subscribe
for new shares, etc., such payment shall be made not later than the
relevant record date or the date of allocation.
|--- |  |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | The shareholder who made a request for purchase may request
that such payment be made by way of transfer to a bank account
designated by him/her, or by postal money order.                                                                                                                                                                                                                                                                                                                                                                                                                                 

Article 31.(Transfer of Title to Purchased Shares)

The title to shares constituting less than a full unit for which a request
for

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purchase was made shall be transferred to the Company on the day on which the
payment or the procedures for the payment of the purchase price pursuant to the
immediately preceding article have been completed.

CHAPTER IX

SALE OF SHARES CONSTITUTING LESS THAN A FULL UNIT

Article 32.(Method of Request for Sale of Shares)



|(1) |  |  | In the event that a shareholder or a beneficial shareholder
holding shares consisting less than a full unit requests the Company
to sell to the shareholder or the beneficial shareholder such amount
of shares which will, when added together with the shares consisting
less than a full unit, constitute a full unit of shares (hereinafter
the Request for Sale), a written request therefor shall be
submitted to the handling office or any of the liaison offices of the
Transfer Agent referred to in Article 2 hereof together with the
share certificates concerned and the advanced payment as prescribed
in the immediately following article; provided however, that if no
share certificates have been issued for such shares, submission of
the share certificates shall not be required.
|--- |  |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | In the event that a beneficial shareholder makes a request
referred to in the immediately preceding paragraph, such request
shall be made through the participant(s) and JASDEC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Article 33.(Advanced Payment)



|(1) |  |  | The advanced payment shall be the amount obtained by
multiplying the last reported selling price per share on the market
opened at the Tokyo Stock Exchange on the business day immediately
preceding the day on which the document for the request for sale
referred to in the immediately preceding article arrives at the
handling office or any of the liaison offices of the Transfer Agent
(if no sale of shares is made on such day at the Tokyo Stock
Exchange, the last reported selling price per share at which shares
were sold on the day immediately preceding such day) by the number of
shares being requested for sale, and multiplying the result by 1.3.
Any fraction less than 1,000 yen shall be rounded up. However, the
Request for Sale made by a beneficial shareholder shall be handled as
prescribed by JASDEC.
|--- |  |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | In the event that the Request for Sale as provided for in the
immediately preceding article is made, and the advanced payment falls
short of the amount referred to in the immediately preceding
paragraph, the Company shall not accept such Request for Sale.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Article 34.(Request for Sale Exceeding Balance of Treasury Stock)

In the event that an aggregate number of shares constituting less than a
full unit for which the Request for Sale is made on the same day exceeds the
number

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of shares reserved by the Company for the Request for Sale, all the
Request for Sale made on such date shall not become effective.

Article 35.(Effective Date of Request for Sale)

The Request for Sale shall become effective on the day on which the
document for the request for sale referred to in Article 32 and the advance
payment referred to in Article 33 arrive at the handling office or any of the
liaison offices of the Transfer Agent.

Article 36.(Suspension Period of Request for Sale)



|(1) |  |  | The Company shall suspend acceptance of the Request for Sale,
during the period from twelve (12) business days before March 31 up
to March 31 and the period from twelve (12) business days before
September 30 up to September 30, each year.
|--- |  |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | Notwithstanding the immediately preceding paragraph, the
Company may suspend acceptance of the Request for Sale any time when
it deems necessary.                                                                                             

Article 37.(Determination of Sale Price)



|(1) |  |  | The sale price per share for shares constituting less than a
full unit for which a Request for Sale is made shall be the last
reported selling price per share on the market opened at the Tokyo
Stock Exchange on the effective date of the Request for Sale;
provided however, that if no sale of shares is made on such day at
the Tokyo Stock Exchange or if no trading is made thereat on that
day, the first reported selling price per share at the Tokyo Stock
Exchange after that day shall be the sale price per share.                                                                                               
|--- |  |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | The sale price shall be the amount obtained by multiplying the
sale price per share referred to in the immediately preceding
paragraph by the number of the shares being requested for sale.                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   
|(3) |  |  | In the event that the advanced payment as provided for in
Article 33 hereof falls short of the aggregate amount of the sale
price as provided for in the immediately preceding paragraph and the
handling charges as provided for in Article 41 (hereinafter the Sale
Proceeds), the Company shall request the relevant shareholder who
made the Request for Sale to pay such shortfall. In such case, the
relevant Request for Sale shall be cancelled if such shortfall is not
paid within five (5) business days from the day immediately following
the day on which the request for the payment of such shortfall is
made.

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Article 38.(Receipt of Sale Proceeds)



|(1) |  |  | The Company shall receive the Sale Proceeds from the advanced
payment on the sixth (6th) business day from the day on which the
sale price is fixed or the day following day on which the shortfall
referred to in the immediately preceding article, paragraph (3) is
paid; provided however, that if the sale price reflects the right to
receive dividends, stock split or the right to subscribe for new
shares, etc., the Company shall receive such sale proceeds not later
than the relevant record date or the date of allocation.
|--- |  |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  |  | The amount obtained by deducting the Sale Proceeds from the
advanced payment pursuant to the immediately preceding paragraph
shall be returned to the shareholder who requested such sale by
transferring such amount to the bank account designated by such
shareholder or by cash payment through postal transfer.                                                                                                                                                                                                                      

Article 39.(Transfer of Title to Sold Shares)

The title to shares constituting a full unit for which the Request for
Sale is made shall be transferred to the shareholder or the beneficial
shareholder who requested such sale on the day on which the Company receives
the Sale Proceeds pursuant to the immediately proceeding article.

Article 40.(Delivery of Share Certificates)

The Company shall, without delay, issue share certificates for the shares
which became a full unit following the Request for Sale, and deliver the same
to the shareholder who made such request, except for the case where a
beneficial shareholder makes the Request for Sale.

CHAPTER X

HANDLING CHARGES

Article 41.(Handling Charges)

Handling charges in connection with shares of the Company shall be as
follows:



|1. |  |  | In the case of issuance of share certificates pursuant to
Article 13 (Request for Issuance or Return of Share Certificates
Placed in Non-Possession Status), Article 21 (Reissuance due to
Defacement or Mutilation) and Article 26 (Reissuance due to Lapse of
Shares):
|-- |  |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

¥250 per share certificate

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| | 2. |  | In the case of application for registration of lost share
certificates pursuant to Article 24 (Application for Registration of
Lost Share Certificates and Application for Cancellation thereof):
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|       |  |                      
|------ |  | ---------------------
|¥8,600 |  | per application      
|¥500   |  | per share certificate



| | 3. |  | In the case of purchase of shares pursuant to Article 28
(Method of Request for Purchase of Shares) or sale of shares pursuant
to Article 32 (Method of Request for Sale of Shares):
| | -- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| |    |  | The amount separately determined as the amount corresponding to the
charges regarding entrustment of the sale and purchase of shares.                                               

Supplementary Provisions



|1. |  | These Regulations shall come into force on June 30, 2003.                                                                                                                                                                                                                                            
|-- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|2. |  | The amount pursuant to Article 41, paragraph (3) of these Regulations
shall be the amount determined by calculating the amount per one unit
based on the following formula, and then dividing such amount in
proportion to the number of shares constituting less than a full unit
purchased or sold.

| |  |                                                                                                                                                                                                                                                                      |  |       
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------
| |  | (Formula)                                                                                                                                                                                                                                                            |  |       
| |  | Out of the aggregate amount obtained by multiplying the purchase price
per share under Article 29 or the sale price per share under Article
37 hereof by the number of shares constituting a full unit, the
handling charges per unit of shares shall be as follows: |  |       
| |  |                                                                                                                                                                                                                                                                      |  |       
| |  | Any amount being not more than one million yen (¥1,000,000):                                                                                                                                                                                                         |  |       
| |  |                                                                                                                                                                                                                                                                      |  | 1.150%
| |  | Any amount being more than one million yen (¥1,000,000) and not
more than five million yen (¥5,000,000):                                                                                                                                                             |  |       
| |  |                                                                                                                                                                                                                                                                      |  | 0.900%
| |  | Any amount being more than five million yen (¥5,000,000) and not
more than ten million yen (¥10,000,000):                                                                                                                                                            |  |       
| |  |                                                                                                                                                                                                                                                                      |  | 0.700%
| |  | Any amount being more than ten million yen (¥10,000,000) and not more
than thirty million yen (¥30,000,000):                                                                                                                                                         |  |       
| |  |                                                                                                                                                                                                                                                                      |  | 0.575%
| |  | Any amount being more than thirty million yen (¥30,000,000) and not
more than fifty million yen (¥50,000,000):                                                                                                                                                       |  |       
| |  |                                                                                                                                                                                                                                                                      |  | 0.375%
| |  | (Any fraction less than one yen (¥1) resulting from the
calculation above shall be rounded down.)                                                                                                                                                                    |  |       



|                                                                                                                                                                                            
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Provided, however, that if the amount obtained by the
calculation above is less than two thousand five hundred yen
(¥2,500), the fee amount shall be two thousand five hundred yen
(¥2,500).

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