Document:

Share Exchange Agreement between Nidec Corporation and Nidec Tosok Corporation

 Exhibit 4.3 
 (Translation) 
 Share Exchange Agreement 

Nidec Corporation (“Nidec”) and Nidec Tosok Corporation (“the Company”) hereby enter into this Share Exchange Agreement (this
“Agreement”). 
 Article 1: Share Exchange 
 Nidec and the Company shall execute a share exchange (the “Share Exchange”) with Nidec becoming the wholly-owning parent company of the Company and the Company becoming the wholly-owned
subsidiary of Nidec in accordance with this Agreement, and Nidec will acquire all outstanding shares of the Company (excluding shares of the Company held by Nidec) pursuant to the Share Exchange. 

Article 2: Trade Names and Addresses of Nidec and the Company 
 The trade names and addresses of Nidec and the Company are as set forth below. 
  

	(1)	Nidec 

  

	 	1.	Trade name: Nidec Corporation 

	 	2.	Address: 338 Tonoshiro-cho, Kuze, Minami-ku, Kyoto 

  

	(2)	The Company 

  

	 	1.	Trade name: Nidec Tosok Corporation 

	 	2.	Address: 2-215 Sobudai, Zama City, Kanagawa 

Article 3: Effective Date 
 The effective
date of the Share Exchange shall be October 1, 2013; provided, however, that the effective date may be modified following consultations by Nidec and the Company if necessary based on the progress of the Share Exchange procedures in accordance
with Article 790 of the Companies Act. In this case, the Company shall give public notice of the modified effective date by the day before the pre-modification effective date (if the modified effective date is before the pre-modification effective
date, then the modified effective date). 

  
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 Article 4: Matters relating to the Number of Shares Granted and Allocation of Shares Pursuant to the
Share Exchange 
  

	1.	When executing the Share Exchange, in exchange for the Company common stock, Nidec shall grant Nidec common stock equal to the number of the Company common shares owned
times 0.124 (fractions less than one share shall be rounded down) to the Company shareholders of record (excluding Nidec; referred to as “Shareholders at the Reference Time”) immediately prior to the acquisition of all the Company issued
shares (excluding shares of the Company held by Nidec) by Nidec pursuant to the Share Exchange (the “Reference Time”). 

  

	2.	When executing the Share Exchange, Nidec shall allocate to Shareholders at the Reference Time 0.124 shares of Nidec common stock for each one share of the Company
common stock owned. 

  

	3.	When executing the Share Exchange, if any the Company shareholder receives fractional shares of less than one share of Nidec common stock as a result of allocation
pursuant to the preceding subsection at the Reference Time, Nidec shall handle such fractional shares in accordance with Article 234 of the Companies Act. 

 Article 5: Matters relating to Capital and Reserves 
 The amounts of Nidec’s capital
and reserves to be increased in conjunction with the Share Exchange are set forth below. 
  

			
	 Capital:
	 	Zero (0) yen
	 Capital reserves:
	 	Amount of change in shareholder’s equity stipulated in Article 39 of the Corporate Accounting Rules
	 Retained earnings reserve:
	 	Zero (0) yen

  
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 Article 6: Approval Procedures 

 

	1.	Pursuant to Article 796, Paragraph 3 of the Companies Act, Nidec shall execute the Share Exchange without obtaining approval of this Agreement by resolution of its
general shareholders meeting; provided, however, that if approval of Nidec’s general shareholders meeting is required pursuant to Article 796, Paragraph 4 of the Companies Act, Nidec shall seek approval of this Agreement and the adoption of
resolutions concerning necessary matters from its general shareholders meeting by the day before the effective date. 

  

	2.	The Company shall seek approval of this Agreement and the adoption of resolutions concerning matters necessary for the Share Exchange at its ordinary general
shareholders meeting scheduled for June 20, 2013; provided, however, that this may be modified following consultations between Nidec and the Company if necessary according to the progress of the Share Exchange procedures.

 Article 7: Handling of Treasury Shares 
 The Company shall cancel all treasury shares (including any treasury shares acquired from dissenting shareholders exercising their purchase demand rights in connection with the Share Exchange pursuant to
Article 785, Paragraph 1 of the Companies Act) that it holds as of the Reference Time effective as of the Reference Time by resolution of the the Company board of directors adopted at a meeting to be held by the day before the effective date.

 Article 8: Management of Corporate Assets 
 Nidec and the Company shall conduct operations and manage and administer their assets with the due care of a good manager from the day of execution of this Agreement until the day before the effective
date of the Share Exchange, and any conduct that will have a material impact on those assets and rights and duties shall be performed following discussions by and agreement between Nidec and the Company. 

Article 9: Modification of the Share Exchange Conditions and Cancellation of this Agreement 

If during the period from the date of execution of this Agreement until the day before the effective date of the Share Exchange any material changes to
the assets or management status of Nidec or the Company occur, any circumstances that would materially impede execution of the Share Exchange occur, or it otherwise becomes difficult to achieve the objectives of this Agreement, following discussions
by Nidec and the Company, the share exchange conditions may be modified or this Agreement may be canceled. 

  
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 Article 10: Effectiveness of this Agreement 
 If any lawful institutional decisions of Nidec or the Company specified in Article 6 or permits, licenses, registrations, approvals, and the like from the competent authorities necessary for the execution
of the Share Exchange cannot be obtained, this Agreement shall cease to be effective. 
 Article 11: Consultation Matters 

Further to the provisions of this Agreement, Nidec and the Company shall engage in consultations in good faith and make a determination in accordance with
the intent of this Agreement concerning any necessary matters relating to the Share Exchange. 
 IN WITNESS WHEREOF, this Agreement shall be
prepared in duplicate, and following execution by Nidec and the Company, each shall retain one copy. 
 April 23, 2013 

 

			
	Nidec:	 	
		
		 	Nidec Corporation
		 	338 Tonoshiro-cho, Kuze, Minami-ku, Kyoto
		 	By: Shigenobu Nagamori, Chairman of the Board, President and Chief Executive Officer
	
	The Company:
		
		 	Nidec Tosok Corporation
		 	2-215 Sobudai, Zama City, Kanagawa
		 	By: Shigeru Murata, President and CEO

  
 4EX-10.56

 Exhibit 10.56 
 Cellular Dynamics International, Inc. 
 University Research Park

 525 Science Drive, Suite 200 
 Madison, WI 53711 
 July 15, 2013 

Sixth Floor Investors LP 
 3555 Timmons Lane,
Suite 800 
 Houston, TX 77027 
 Dear
Sixth Floor Investors: 
 Following the termination of the Fifth Amended and Restated Shareholders Agreement, dated as of November 1, 2012,
by and among Cellular Dynamics International, Inc., a Wisconsin corporation (the “Company”), and the individuals and entities who have executed a counterpart signature page thereto, as amended (the “Shareholders Agreement”), and
in consideration of the consent by Sixth Floor Investors LP to such termination, for so long as Sixth Floor Investors LP beneficially owns at least 10% of the shares of outstanding common stock, par value $0.0001 per share (the “Common
Stock”), of the Company, the Company shall use its best efforts to cause the Company’s Board of Directors (the “Board”) to nominate and recommend to the shareholders of the Company the election of one nominee designated by Sixth
Floor Investors LP at any meeting of the shareholders of the Company (or in any resolution by written consent in lieu thereof) (a) at which nominees are being considered for election to the Board as Class III directors or (b) if the
directors are not at any time divided into classes in the Articles (as defined below), at which nominees are being considered for election to the Board, and, in all events, use its best efforts to ensure that such nominee is elected to the Board at
each such meeting (or in each such resolution by written consent in lieu thereof); provided, that if any such designee is an Ineligible Person (as defined below), the Company shall promptly notify Sixth Floor Investors LP in order that Sixth Floor
Investors LP may timely designate for nomination a person who is not an Ineligible Person. For avoidance of doubt, in no event shall the preceding provision require or be construed to require that the Company do or cause to be done anything in
addition to the same activities being engaged in by or on behalf of the Company with respect to the other nominees recommended by the Board of Directors for election as directors of the Company at such meeting (or in each such resolution by written
consent in lieu thereof). The designee initially designated by Sixth Floor Investors LP shall be Leonard Loventhal, who upon the effectiveness of the Articles will be a Class III director of the Company. 

In the absence of any designation from Sixth Floor Investors LP as specified in the preceding paragraph, the director previously designated by Sixth
Floor Investors LP and then serving shall be re-nominated in accordance with the provisions of this letter if still eligible to serve. 

Whenever Sixth Floor Investors LP would designate or be deemed to designate a nominee, Sixth Floor Investors LP shall provide reasonable notice (as
described below) of the name of such nominee and such other information regarding such nominee, Sixth Floor Investors LP, and any 

 
shareholder(s) of record and beneficial owners whose shares of stock of the Company are beneficially owned by Sixth Floor Investors LP as the Company may reasonably request. For avoidance of
doubt, such information shall include without limitation: (a) with respect to such proposed nominee unless he or she is then serving as a director of the Company, (i) such information relating to such person as is required to be disclosed
in solicitations of proxies for election of directors, or as otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any successor to such Regulation, and
(ii) information to determine the independence of such nominee (or lack thereof) and/or information that could be material to a shareholder’s understanding of the nominee’s independence (it being understood that Sixth Floor Investors
LP shall not be required to designate a nominee that is determined to be independent); and (b) with respect to Sixth Floor Investors LP and any such shareholder(s) and/or beneficial owner(s), information relating to Sixth Floor Investors and
any such shareholder(s) and/or beneficial owner(s) that would be required to be disclosed in a proxy statement or other filings that would be required to be made in connection with solicitations of proxies for the proposed election as a director of
the Company of such designee pursuant to Section 14 of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of the foregoing, “reasonable notice” means notice delivered to or mailed and received by the
Secretary at the principal office of the Company reasonably in advance of an annual meeting of the shareholders of the Company, or promptly following the day on which notice, which includes a Public Announcement (as defined in the Bylaws), is first
given to shareholders by the Company of a special meeting of shareholders of the Company (or the record date for purposes of any resolution proposed for action by written consent in lieu of a meeting of shareholders of the Company), at which such
nominee would be considered for election, and not later than, in the case of an annual meeting of shareholders, at the close of business on the 90th day prior to the anniversary of the annual meeting of shareholders held in the prior year and, in the case of a
special meeting of shareholders (or in each such resolution by written consent in lieu thereof), not later than the close of business on the 10th day following the day on which notice of such special meeting (or record date), which includes a Public Announcement,
is first given to shareholders by the Company. 
 Sixth Floor Investors LP shall not have any liability as a result of designating a person for
election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall Sixth Floor Investors LP have any liability as a result of voting for any such designee. 

Subject to the applicable law (including, without limitation, the directors’ fiduciary duties), the rules and regulations of the Securities and
Exchange Commission and the listing requirements or standards of the NASDAQ Stock Market LLC or the requirements or standards of any other exchange, system or market on which the stock of the Company is principally listed (without regard to any
exception, e.g., for a non-independent director in exceptional and limited circumstances, that may be available to the Company), each committee of the Board, including, without limitation, any executive committee, compensation committee, audit
committee and/or nominating and governance committee, shall include at least the director designated or deemed designated by Sixth Floor Investors LP pursuant to the first or second paragraph hereof, as the case may be; for avoidance of doubt, the
foregoing provision shall not apply with respect to a committee of directors and a matter subject to consideration by such committee with respect to 

  
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which all members of such committee are to be “disinterested” if Sixth Floor Investors LP and/or its designee is “interested” with respect thereto as determined by the Board
in good faith after taking into account advice of independent counsel. 
 The Company agrees to, in the same manner that it does so with respect
to non-employee directors on the Board, compensate the director designated pursuant to this letter and to reimburse the director designated pursuant to this letter for the reasonable out-of-pocket expenses incurred by such director in performing his
or her services as a director of the Company, including reasonable travel and ancillary expenses incurred in connection with attendance at in person meetings of the Board, subject to the Company’s policies regarding reimbursement of travel
expenses. 
 As used herein, (i) the “Articles” means the Company’s Sixth Amended and Restated Articles of Incorporation and
“Bylaws” means the Company’s Amended and Restated Bylaws, in each case which are first effective in connection with the closing of the initial public offering of common stock of the Company in connection with which the Shareholders
Agreement is terminated and as from time to time amended in accordance therewith, and (ii) an “Ineligible Person” is a person (A) whose service as a director of the Company would violate Section 8 of the Clayton Act (15
U.S.C. § 19(a)(5)), (B) who is an employee of the Company or any of its subsidiaries, (C) who is ineligible under the Company’s board candidate nomination guidelines then in effect due to his or her age at the time that he or she
would stand for election or re-election, as the case may be, or (D) for whom disclosure would be required under Section 401(f) of Regulation S-K under the Securities Act of 1933, as amended, or any successor regulation. 

This letter and all questions arising in connection herewith shall be governed by and construed in accordance with the internal laws of the State of
Wisconsin, without regard to the law that otherwise would apply under the conflicts of law principles thereof. 
 If this letter correctly sets
forth your understanding of our agreement, please sign a copy in the space provided below and return it to the Company. 
 Very truly yours, 
 Cellular Dynamics International, Inc.

 /s/ Robert J. Palay 

Robert J. Palay 
 Chief Executive Officer 

  
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	 The undersigned confirms its agreement with
 the terms and conditions of this letter.
  
 SIXTH FLOOR INVESTORS LP

		
	By:	 	/s/ Daniel F. Pritzker

			
	Name:	 	Daniel F. Pritzker

			
	Title:	 	Chief Executive Officer

  
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