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I. TOKYO HIGH COURT’S DECISION CERTAIN OF minority holders of shares (the “Shares”) of a classified stock whose holder is required to sell all of his/her Shares upon demand by the relevant issuer, i.e., Rex Holdings Co., Ltd. (“Former Rex”), a Japanese corporation, filed a petition for a decision on a price (the “Price”) of a Share, in connection with a squeeze-out, which was conducted, by means of using such classified stock, on the occasion of Former Rex’s management buyout (the “MBO”).

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