(i)international trade insurance business under the provisions of the following Chapter;

(ii)business operations incidental to those set forth in the preceding item.

(i)the reinsurance of insurance liabilities incurred by an international organization, foreign government, etc., or foreign corporation conducting insurance (including reinsurance) business with regard to losses covered by international trade insurance or other similar types of losses, while taking the same as a counterparty;

(ii)the reinsurance of insurance liabilities incurred by a Japanese corporation as a result of underwriting insurance other than the international trade insurance (excluding ordinary insurance) that are specified by Cabinet Order as necessary for promoting the sound development of international transactions, while taking the same as a counterparty.

(i)acquisition of government bonds, local government bonds, government guaranteed bonds (meaning bonds for which the government guarantees the redemption of the principal and the payment of the interest) or any other securities designated by the Minister of Economy, Trade and Industry;

(ii)deposit in a bank or other financial institutions designated by the Minister of Economy, Trade and Industry;

(iii)money trust in financial institutions that operate trust business (meaning financial institutions that have obtained the approval under Article 1, paragraph (1) of the Act Concerning Additional Operations of Trust Business by Financial Institutions, etc. (Act No. 43 of 1943));

(iv)any other method specified by Order of the Ministry of Economy, Trade and Industry as equivalent to the methods set forth in the preceding three items.

(i)when giving the authorization as set forth in Article 14, paragraph (1), Article 18, Article 19, Article 21, paragraph (1), Article 24, paragraph (1), Article 27, or Article 33 (limited to a change to the total number of shares that NEXI may issue);

(ii)when establishing Order of the Ministry for Economy, Trade and Industry as set forth in Article 21, paragraph (2) or paragraph (3), Article 22, or Article 29, item (iv);

(iii)when making the designation pursuant to the provisions of Article 29, item (i) or item (ii).

(i)business year:meaning the business year as prescribed in Article 13 and Article 14 of the Corporation Tax Act;

(ii)blue tax return form:meaning the blue tax return form as prescribed in Article 2, item (xxxvii) of the Corporation Tax Act;

(iii)reckoning the amount into expenses for accounting purpose:meaning reckoning the amount into expenses for accounting purpose as prescribed in Article 2, item (xxv) of the Corporation Tax Act;

(iv)consolidated business year:meaning the consolidated business year as prescribed in Article 15-2 of the Corporation Tax Act;

(v)consolidated income:meaning consolidated income as prescribed in Article 2, item (xviii)-4 of the Corporation Tax Act;

(vi)final return form, etc.:meaning the final return form, etc. as prescribed in Article 2, paragraph (2), item (xxvii) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957);

(vii)consolidated parent corporation:meaning the consolidated parent corporation as prescribed in Article 2, item (xii)-6-7 of the Corporation Tax Act;

(viii)consolidated final return form, etc.:meaning the consolidated final return form, etc. as prescribed in Article 2, paragraph (2), item (xxvii)-2 of the Act on Special Measures Concerning Taxation.

(i)regarding the premium rates, income from the trade insurance business sufficiently covers expenditures;

(ii)the premium rates are not extremely unsuitable from the perspective of the burden of the policyholders;

(iii)specific groups of persons are not to receive unfairly differential treatment;

(iv)no harm will be done to the sound development of external transactions.

(i)except for the cases prescribed in the following item, in cases in which a given contract falls under both an export contract and international intermediary trade contract, a given contract falls under both an export contract and technical cooperation contract, or a given contract falls under both an international intermediary trade contract and technical cooperation contract: the relevant given contract is deemed to be an export contract when the amount of purchase monies for exported trade goods or the total sum of lease fees based on the contract (hereinafter referred to as "export payments") is equal to or exceeds the amount of purchase monies for international intermediary trade goods (meaning trade goods that an international trade intermediary sells or leases based on an international intermediary trade contract; the same applies hereinafter) or the total sum of lease fees based on the contract (hereinafter referred to as "international intermediary trade payments"), or is equal to or exceeds the amount of the consideration for the provision of technologies or services associated with technical cooperation based on the relevant contract (hereinafter referred to as "technical cooperation consideration"); the given contract is deemed to be an international intermediary trade contract when international intermediary trade payments exceed export payments or technical cooperation consideration; and the relevant given contract is deemed to be a technical cooperation contract when technical cooperation consideration exceeds export payments or is equal to or exceeds international intermediary trade payments;

(ii)in cases in which a given contract falls under all of an export contract, international intermediary trade contract, and technical cooperation contract, the relevant given contract is deemed to be an international intermediary trade contract when international intermediary trade payments exceed export payments and technical cooperation consideration; the relevant given contract is deemed to be a technical cooperation contract when technical cooperation consideration exceeds export payments and is equal to or exceeds international intermediary trade payments; and the relevant given contract is deemed to be an export contract in other cases;

(iii)in cases in which a given contract is deemed to be an export contract pursuant to the provisions of the preceding two items, persons who are parties to the relevant contract, and who export trade goods and engage in the sale or lease of international intermediary trade goods, or who engage in the provision of technologies or services associated with technical cooperation are deemed to be exporters; the sale or lease of international intermediary trade goods, or the provision of technologies or services associated with technical cooperation based on the contract is deemed to be the export of trade goods (in cases in which the provisions of Article 54, paragraph (2) are applied, the trade goods provided for by Cabinet Order set forth in the same paragraph, and in cases in which the provisions of Article 62, paragraph (2) are applied, the trade goods provided for by Cabinet Order set forth in the same paragraph); and the purchase monies or lease fees for those international intermediary trade goods or the consideration for the provision of technologies or services associated with technical cooperation are deemed to be exported trade goods purchase monies;

(iv)in cases in which a given contract is deemed to be a technical cooperation contract pursuant to the provisions of item (i) or item (ii), persons who are parties to the relevant contract and who engage in the provision of technologies or services associated with technical cooperation, and who export trade goods or engage in the sale or lease of international intermediary trade goods are deemed to be technology providers; the export of trade goods or the sale or lease of international intermediary trade goods based on the relevant contract is deemed to be the provision of technologies or services associated with technical cooperation (in cases in which the provisions of Article 62, paragraph (2) are applied, the provision of technologies or services associated with technical cooperation which is provided for by Cabinet Order set forth in the same paragraph); and purchase monies or lease fees for those exported trade goods or purchase monies or lease fees for those international intermediary trade goods are deemed to be the consideration for them.

(i)losses incurred by an exporter through the inability to export trade goods based on an export contract due to a reason falling under any of the following, after the conclusion of an insurance contract (in cases in which the export of the relevant trade goods could be considered extremely difficult due to any reason falling under (a) to (e) below, including the inability to export the relevant trade goods by the date on which the period specified in the insurance contract had passed after the shipping date specified in the export contract) (such losses exclude those with respect to the exported trade goods themselves); or losses incurred by an international trade intermediary through the inability to sell or lease trade goods based on an international intermediary trade contract due to a reason falling under any of the following, after the conclusion of an insurance contract (in cases in which the sale or lease of the relevant trade goods could be considered extremely difficult due to any reason falling under (a) to (e) below, including the inability to sell or lease the relevant trade goods by the date on which the period specified in the insurance contract had passed after the shipping date specified in the international intermediary trade contract) (such losses exclude those with respect to the international intermediary trade goods themselves):

(ii)losses incurred by an exporter, who has exported trade goods based on an export contract, through the inability to collect purchase monies or lease fees for the relevant trade goods due to a reason falling under any of the following (excluding losses arising with respect to exported trade goods themselves other than those losses which have occurred with respect to exported trade goods due to war, revolution or insurrection occurring in the destination country); losses incurred by an international trade intermediary, who has sold or leased trade goods based on an international intermediary trade contract, through the inability to collect purchase monies or lease fees for the relevant trade goods due to a reason falling under any of the following (excluding losses arising with respect to international intermediary trade goods themselves other than those losses which have occurred with respect to international intermediary trade goods due to war, revolution or insurrection occurring in the destination country); or losses incurred by a technology provider, who has provided technologies or services associated with technical cooperation based on a technical cooperation contract, through the inability to collect the consideration for the provision of technologies or services associated with technical cooperation due to a reason falling under any of the following:

(iii)losses incurred by a producer of trade goods provided for by Cabinet Order, who is a party to a supply contract, through the inability to deliver the relevant trade goods or collect purchase monies for the trade goods based on the supply contract as a result of the exporter having incurred losses set forth in item (i) or losses set forth in the preceding item (limited to losses due to the arising of any reason falling under (a) to (c) of the preceding item; the same applies in Article 46, paragraph (3));

(iv)losses incurred by an exporter or international trade intermediary through newly defrayed transportation costs or insurance premiums owing to navigational or route changes, due to any reason falling under item (i), (a) to (g) arising after the conclusion of the insurance contract;

(v)losses incurred by an exporter, international trade intermediary, or technology provider through newly defrayed cost provided for by Cabinet Order due to a reason falling under item (ii), (b) arising after the conclusion of the insurance contract (excluding losses set forth in the preceding item).

(i)the amount collected, or amount that is expected to be collected, after the appropriation of trade goods or after necessary measures have otherwise been taken for the reduction of losses;

(ii)the amount in expenses no longer necessary, due to the relevant circumstances;

(iii)the amount of profit which was expected to be earned through the export or the sale or lease of trade goods (limited to the portion of the profit pertaining to the relevant trade goods).

(i)the amount in expenses no longer necessary, due to the relevant circumstances;

(ii)the amount collected after the settlement deadline.

(i)the amount collected or to be collected, after the appropriation of trade goods or after necessary measures have otherwise been taken for the reduction of losses;

(ii)the amount in expenses no longer necessary, due to the relevant circumstances;

(iii)the amount of profit which was expected to be earned through the delivery of trade goods (limited to the portion of the profit pertaining to the relevant trade goods).

(i)losses incurred by a capital contributing foreign corporation, etc. through the inability to sell or lease trade goods based on a sales contract of capital contributing foreign corporation, etc. due to a reason falling under any of the following, after the conclusion of an insurance contract (in cases in which the sale or lease of the relevant trade goods could be considered extremely difficult due to any reason falling under (a) to (e) below, including the inability to sell or lease the relevant trade goods by the date on which the period specified in the insurance contract had passed after the shipping date specified in the sales contract of capital contributing foreign corporation, etc. (in cases in which a capital contributing foreign corporation, etc. sells or leases the relevant trade goods to a region of the foreign country where its head office or principal office is located, after the date of delivery)) (such losses exclude those arising with respect to the trade goods themselves sold by a capital contributing foreign corporation, etc. (meaning trade goods sold or leased by capital contributing foreign corporations, etc. based on a sales contract of capital contributing foreign corporation, etc.; the same applies hereinafter)); or losses incurred by a capital contributing foreign corporation, etc. through the inability to sell or lease trade goods based on an international intermediary trade contract of capital contributing foreign corporation, etc. due to a reason falling under any of the following, after the conclusion of an insurance contract (in cases in which the sale or lease of the relevant trade goods could be considered extremely difficult due to any reason falling under (a) to (e) below, including the inability to sell or lease the relevant trade goods by the date on which the period specified in the insurance contract had passed after the shipping date specified in the international intermediary trade contract of capital contributing foreign corporation, etc. (such losses exclude those arising with respect to the international intermediary trade goods themselves sold by a capital contributing foreign corporation, etc. (meaning trade goods sold or leased by capital contributing foreign corporations, etc. based on an international intermediary trade contract of capital contributing foreign corporation, etc.; the same applies hereinafter)):

(ii)losses incurred by a capital contributing foreign corporation, etc., who has sold or leased trade goods provided for by Cabinet Order based on a sales contract of capital contributing foreign corporation, etc., through the inability to collect purchase monies or lease fees for the relevant trade goods due to a reason falling under any of the following (excluding losses arising with respect to trade goods themselves sold by a capital contributing foreign corporation, etc. other than those losses which have occurred with respect to trade goods themselves sold by a capital contributing foreign corporation, etc. due to war, revolution or insurrection occurring in the destination country); losses incurred by a capital contributing foreign corporation, etc., who has sold or leased trade goods based on an international intermediary trade contract of capital contributing foreign corporation, etc., through the inability to collect purchase monies or lease fees for the trade goods due to a reason falling under any of the following (excluding losses arising with respect to international intermediary trade goods themselves sold by a capital contributing foreign corporation, etc. other than those losses, with respect to international intermediary trade goods themselves sold by a capital contributing foreign corporation, etc. due to war, revolution or insurrection occurring in the destination country); or losses incurred by a capital contributing foreign corporation, etc., who has provided technologies or services associated with technical cooperation based on a technical cooperation contract of capital contributing foreign corporation, etc., through the inability to collect the consideration for the provision of technologies or services associated with technical cooperation due to a reason falling under any of the following:

(iii)losses incurred by a capital contributing foreign corporation, etc. (limited to those who sell or lease trade goods based on a sales contract of capital contributing foreign corporation, etc. or international intermediary trade contract of capital contributing foreign corporation, etc.; the same applies in Article 50, paragraph (3)) through newly defrayed transportation costs or insurance premiums owing to navigational or route changes, due to any reason falling under item (i), (a) to (f) arising after the conclusion of the insurance contract;

(iv)losses incurred by a capital contributing foreign corporation, etc. through newly defrayed cost provided for by Cabinet Order due to a reason falling under item (ii), (b) occurring after the conclusion of the insurance contract (excluding losses set forth in the preceding item).

(i)the amount collected or to be collected, after the appropriation of trade goods or after necessary measures have otherwise been taken for the reduction of losses;

(ii)the amount in expenses no longer necessary, due to the relevant circumstances;

(iii)the amount of profit which was expected to be earned through the sale or lease of trade goods (limited to the portion of the profit pertaining to the relevant trade goods).

(i)the amount in expenses no longer necessary, due to the relevant circumstances;

(ii)the amount collected after the settlement deadline.

(i)restrictions or prohibitions on exchange transactions imposed in a foreign country;

(ii)war, revolution or insurrection occurring in a foreign country;

(iii)beyond what is set forth in the preceding two items, any reason occurring outside of Japan, and which cannot be considered attributable to the person having provided international trade loans (excluding the bearing of the guarantee obligations; hereinafter the same applies in this paragraph) or its counterparty, the person having taken on the guarantee obligations, principal obligor or creditors pertaining to the guarantee obligations;

(iv)the issuing of a decision on the commencement of bankruptcy proceedings with respect to the counterparty to the international trade loans, or the principal obligor pertaining to the guarantee obligations;

(v)delay in the performance of the obligations of the counterparty to the international trade loans for a period longer than the period specified in the insurance contract (limited to delays which cannot be considered attributable to the person having provided international trade loans).

(i)the amount in expenses no longer necessary, due the relevant circumstances;

(ii)the amount collected after the reimbursement deadline, after performing the guarantee obligations, or after the date on which the period specified in the insurance contract has passed after the date of acquisition of the right to obtain reimbursement.

(i)the exchange rate for a specified foreign currency that is expressed in Japanese currency in Japan on the date on which the settlement deadline expires (hereinafter referred to as a "specified foreign currency exchange rate"); provided, however, that when the relevant specified foreign currency exchange rate is lower than the specified foreign currency exchange rate on the date on which purchase monies, etc. were collected, this is to mean the specified foreign currency exchange rate on that date;

(ii)the specified foreign currency exchange rate on the date on which the application for the conclusion of the insurance contract was made; provided, however, that when the relevant specified foreign currency exchange rate is higher than the specified foreign currency exchange rate on the date on which the relevant export contract or technical cooperation contract was concluded, this means the specified foreign currency exchange rate on that date.

(i)the amount of payment received after maturity;

(ii)the amount collected through the appropriation of ancillary trade goods or otherwise through the exercise of rights pertaining to ancillary trade goods;

(iii)the amount collected through exercise of the right of recourse.

(i)when a bidder, etc., who is the principal obligor, has performed an obligation that is subject to a guarantee set forth in Article 2, paragraph (14), item (i) or item (ii) based on a tender, export contract or technical cooperation contract (hereinafter referred to as an "obligation subject to guarantee"), in accordance with its main purport;

(ii)in cases in which a bidder, etc., who is the principal obligor, does not perform an obligation subject to guarantee in accordance with its main purport, or could not do so, when it is determined by the relevant parties that the relevant bidder, etc. should not be liable for non-performance of obligations, for any reason set forth in Article 44, paragraph (2), item (i), (a) to (i) or any other reason which cannot be considered attributable to the bidder, etc.

(i)restrictions or prohibitions on exchange transactions imposed in a foreign country;

(ii)war, revolution or insurrection occurring in a foreign country;

(iii)beyond what is set forth in the preceding two items, any reason which cannot be considered attributable to the parties to a prepayment import contract, and which occurs outside of Japan;

(iv)the issuing of a decision on commencement of bankruptcy proceedings with respect to the counterparty to a prepayment import contract;

(v)Delay in the performance of obligations pertaining to the prior payments of the counterparty to the prepayment import contract for a period longer than the period specified in the insurance contract (limited to delays which cannot be considered attributable to the prepayment importer).

(i)the amount in expenses no longer necessary, due to the relevant circumstances;

(ii)the amount collected after the deadline for return of advance payments.

(i)the dispossession by a foreign government, etc. of the principal of shares, etc., (hereinafter referred to as "principal" in this Section), the right to claim payment on dividends for shares, etc. (hereinafter referred to as "dividend payment claims"), or rights relating to real estate, etc.;

(ii)the impossibility of the continuation of the business activities of the counterparty to an overseas investment set forth in Article 2, paragraph (17), item (i) or other reasons provided for by Cabinet Order, after the relevant counterparty to the overseas investment has incurred damages due to war, revolution, insurrection, violence, disturbances or other reasons arising outside of Japan which cannot be considered attributable to the person having made the overseas investment or the relevant counterparty, or has incurred damages through the infringement by a foreign government, etc. on rights relating to real estate, equipment, raw materials or other items, mining rights, industrial property rights, or other rights or interests which are particularly necessary for the operation of its business;

(iii)The inability to utilize rights relating to real estate, etc. for business activities after having incurred damages with respect to the relevant rights relating to real estate, etc., due to war, revolution, insurrection, violence, disturbances, or other reasons arising outside of Japan which cannot be considered attributable to the person having made the overseas investment;

(iv)the inability to remit amounts acquired due to the loss of principal (excluding cases in which this is due to a reason set forth in item (i), item (ii) or the following item), dividends on shares, etc., or amounts acquired due to the loss of rights relating to real estate, etc. (excluding cases in which this is due to a reason set forth in item (i) or the preceding item; hereinafter such amounts are to be referred to as "acquired amounts"), to Japan (in cases in which a capital contributing foreign corporation, etc. has made an overseas investment, to a region of the foreign country where its head office or principal office is located; the same applies in paragraph (2) and paragraph (5) of the following Article) during a period longer than the period provided for by Cabinet Order, due to a reason falling under any of the following:

(v)The issuing of a decision on the commencement of bankruptcy proceedings with respect to the counterparty to the overseas investment, with regard to the overseas investments set forth in Article 2, paragraph (17), item (i) (limited to cases in which this cannot be considered attributable to the person having made the overseas investment, except for a decision set forth in item (ii)).

(i)the amount acquired or to be acquired due to the arising of the relevant reason;

(ii)the amount collected after necessary measures have been taken for the reduction of losses.

(i)the amount that the person no longer needs to expend due to the relevant reason;

(ii)the amount expended including the relevant non-remitted amount;

(iii)the amount collected after necessary measures have been taken for the reduction of losses.

(i)the amount acquired due to the relevant reason, or the amount that is expected to be acquired;

(ii)the amount collected after necessary measures have been taken for the reduction of losses.

(i)whichever is the larger: the amount acquired or to be acquired due to the loss of the relevant principal, etc. before the relevant reason (excluding the loss due to a reason falling under paragraph (2), item (i) to item (iii), or item (v) of the preceding Article) (in cases in which a non-remitted amount is included, the amount remaining after deducting the relevant non-remitted amount from those amounts); or the amount of consideration for the acquisition of the lost principal, etc. (in cases in which the relevant principal, etc. is appraised based on the insurance contract after acquisition thereof, the most recent appraised value);

(ii)the amount acquired or to be acquired due to any reason falling under paragraph (2), item (i) to item (iii), or item (v) of the preceding Article, before the occurrence of the relevant reason;

(iii)the amounts prescribed in the items of paragraph (1), the items of paragraph (2), or the items of the preceding paragraph.

(i)confiscation by a foreign government, etc.;

(ii)the management by a foreign government, etc. (limited to control which continues over a period longer than the period provided for by Cabinet Order);

(iii)reasons equivalent to those set forth in the preceding two items that are provided for by Cabinet Order.

(i)restrictions or prohibitions on exchange transactions imposed in a foreign country;

(ii)war, revolution or insurrection occurring in a foreign country;

(iii)beyond what is set forth in the preceding two items, any reason that exist outside of Japan, and which cannot be considered attributable to the person having provided the overseas untied loan (excluding the taking on the guarantee obligations; hereinafter the same applies in this paragraph) or its counterparties, or the person having taken on the guarantee obligations, or the principal obligor or creditors pertaining to the guarantee obligations;

(iv)the issuing of a decision on the commencement of bankruptcy proceedings with respect to the counterparty to the overseas untied loan, or the principal obligor pertaining to the guarantee obligations;

(v)delay in the performance of an obligation by the counterparty to the overseas untied loan for a period longer than the period specified in the insurance contract (limited to cases in which this cannot be considered attributable to the person having provided the overseas untied loan).

(i)the amount of unnecessary expenditure due to the arising of the relevant reason;

(ii)the amount collected after the reimbursement date, or after the performance of the guarantee obligations or after the date on which the period specified in the insurance contract has passed from the date of acquisition of the right to reimbursement.