(11) Method for calculating the amount to be paid upon allocation of stock acquisition rights

(11) Method for calculating the amount to be paid upon allocation of stock acquisition rights

The amount to be paid upon allocation of each stock acquisition rights shall be the option price per share calculated based on the following figures from 2) to 7) according to the formula of the Black-Scholes model, multiplied by the Number of Shares Granted, with fractions of less than one (1) yen being rounded up to the nearest yen.

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PNG

Source

Internet Initiative Japan, Inc.

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