Article 294Cases Where Bearer Share Option Certificates Are Not Submitted

①Notwithstanding the provisions of Article 132, if the act set forth in paragraph (1), item (i)-2 of the preceding Article is carried out (limited to cases where, in exchange for the acquisition of share options by a stock company, shares in relevant stock company are delivered to the holders of relevant share options), if share option certificates (limited to those in bearer form; hereinafter the same applies in this Article) are not submitted pursuant to the provisions of that paragraph, the stock company is not required to enter or record the information set forth in Article 121, item (i) in the shareholder register in connection with shares that persons holding those share option certificates are entitled to have delivered.

②In the cases provided for in the preceding paragraph, a stock company is not required to send notices or demands to shareholders of shares that persons who hold share option certificates that must be submitted pursuant to the provisions of paragraph (1) of the preceding Article are entitled to have delivered.

③Notwithstanding the provisions of Article 249 and Article 259, paragraph (1), if the act set forth in paragraph (1), item (i)-2 of the preceding Article is carried out (limited to cases where, in exchange for the acquisition of share options by a stock company, other share options of relevant stock company (excluding those attached to bonds with share option) are delivered to the holders of relevant share options), if no share option certificates are submitted pursuant to the provisions of that paragraph, the stock company is not required to state or record in the share option register the matters set forth in Article 249, item (iii), (a) relating to relevant other share options (excluding bearer share options) that persons who hold relevant share option certificates are entitled to have delivered.

④In the cases provided for in the preceding paragraph, a stock company is not required to send notices or demands to share option holders of share options that persons who hold share option certificates that must be submitted pursuant to the provisions of paragraph (1) of the preceding Article are entitled to have delivered.

⑥In the cases provided for in the preceding paragraph, a stock company is not required to send notices or demands to holders of share options attached to the bonds with share option that persons who hold share option certificates that are to be submitted pursuant to the provisions of paragraph (1) of the preceding Article are entitled to have delivered.