The provisions of the preceding paragraph do not apply if the share options acquired by the acquirer of share options are share options with restriction on transfer;provided, however, that this does not apply if it falls under any of the following:
relevant acquirer of share options has obtained approval under the following Article as to an intended acquisition of relevant share options with restriction of transfer;
relevant acquirer of share options has obtained approval under Article 263, paragraph (1) as to a completed acquisition of relevant share options with restriction of transfer;
当該新株予約権取得者が当該譲渡制限新株予約権を取得したことについて第二百六十三条第一項の承認を受けていること。
relevant acquirer of share options is a person who acquired the share options with restriction of transfer by general succession including inheritance.