3. Target Properties

Target Properties

In these regulations, "Target Properties" refer to the following listed land and buildings:

Land	1422 Yasunosaka, Ono, Nachikatsuura-cho, Higashimuro-gun, Wakayama Prefecture
Building	The main hall of Ryogonji Temple and its storehouse
Established	1857 (Ansei 4), renovated in the late Meiji period
Owner	The religious corporation Ryogonji
Sect	Rinzai Sect, Myoshin-ji School, Shakyamuni Buddha
Cultural Property Registration	Registered as a National Tangible Cultural Property (building) on June 24, 2021 (Registration Number 30-0314)
Structure and style	Single-story wooden construction, tile roofing
Floor area	199 square meters

Transfer of Target Properties

1. The religious corporation Ryogonji, which currently owns the Target Properties and holds additional real estate nearby, intends to transfer ownership of the Target Properties to the Company by March 31, 2025, following the resolution of rights associated with the other real estate.

2. To achieve the acquisition of the ownership of the Target Properties, the Company plans to enter into a grant agreement for the Target Properties with the religious corporation Ryogonji.

3. In the event that it becomes apparent that the Company will not be able to acquire ownership of the Target Properties by March 31, 2025, or if the application for the registration of the transfer of ownership of the Target Properties cannot be promptly completed after their acquisition, the Company shall promptly notify the shareholders holding ordinary shares. Upon such notification, shareholders may demand the Company to repurchase all of their ordinary shares at the amount corresponding to the paid-in amount of said shares. If such a demand is made, the Company shall arrange for additional investment from Gaiax Co., Ltd. and repurchase the ordinary shares from the shareholders who made the demand.

Ownership Transfer Agreement with Ryogon-ji Religious Corporation

https://drive.google.com/file/d/13vTuukJamw9R0knNlbudSXupXJYeufMb/view?usp=sharing

Sale of the Target Properties

The sale of the Target Properties must be resolved by the DAO. The resolution regarding this content shall follow the method specified in Chapter 10 of these regulations.