1. Our Vision, Our Future – netprice group netprice group corporate information Serial Code ： NP20080410-10-VDR-100 Copyright 2008 netprice.com, Ltd. All rights reserved. Shopping – What could be more fun? Our Vision, Our Future – netprice group netprice group corporate information ネットプライスグループ事業概要

2. About netprice.com Corporate Overview Company Profile ■ Established in November 1999. ■ Service Started: January, 2000 ■ Listed Public (Tokyo Stock Exchange) July, 2004. ■ President / Group CEO: Teruhide Sato (Born: 1975) ■ No. of employees (incl.part time) 300 (consolidated) ■ Amount of capital: JPY 2,331million (appx: USD 23mil) ■ Business: A holding company of several Internet commerce companies. It is aiming to innovate new commerce models to fully utilize the Internet ■ Company Headquarter ： 4-7-35 Kitashinagawa, Gotenyama Trust Tower 7th Fl. Shinagawa-ku, Tokyo, JAPAN 140-0001 Tel: +81-35739-3355 (Intnl.call) Fax: +81-3-5739-3606 ■ Company Name: netprice.com, Ltd. ■ Introduction We explore and deliver the latest experience in shopping utilizing the full benefit of the Internet and connections across Japan, the US and China. We empower consumers, prosumers, suppliers, and publishers all over the world. We bring new value to e-commerce with our uinique business models Major Shareholders (as of Oct, 2009) Financial results 7,090 4,784 Total Asset 71.6% 64.7% (%) 5,493 3,096 S/H Equity 8 9 Debt △ 2.8% 1.4% (%) △ 363 ※2 149 ※ Net Income 1.4% 3.8% (%) 174 ※1 402 ※ Ordinary Profit 1.7% 3.9% (%) 217 ※1 413 Operating Profit 12,934 10,655 Sales Sep-07 Sep-05 （ JPY Million ） 30.8 ％ 34,917 Teruhide Sato (our CEO) 2.6 ％ 3,000 DENTSU INC. ％ Stocks Name 37.9 ％ 42,840 CyberAgent, Ltd. (Internet Ad Agent) ※ 1 Since expansion of investment in Incubation Business. ※2 Since amortize of inventories. 5,372 76.9% 4,162 △ 676 ※ ２ ー ー 13,256 Sep-08 △ 353 ※ ２ △ 584 ※ ２ － － Sep-06 5,858 71.0% 4,213 3.7% 25 - 190 - 258 12,017 Sep-09 6,724 62.7% 4,305 246.7% 87 44.2% 275 7.2% 277 13.140 －

3. With Japan’s top internet-retail business “Gathering (internet group buying)” as our major business, netprice-group is structuring and expanding the new eCommerce businesses from various aspect. netprice.com, Ltd. (Holding Company & Group Headquarter) Group Structure About netprice.com Group Buying (“Gathering” Service) netprice, Ltd. Tenso.com, Inc. Global item (forwarding business) Cross Border e-Commerce (“sekaimon” service) Shop Airlines, Ltd. Shop Airlines America, Inc. New business of e-march (“ASMARU” service) ASMARU Corporation China business (“Export to China” Service) Netprice.com, Ltd. Drop shipping (“Moshimo” service) Moshimo, Co., Ltd. Product development (Online Marketing/Sales) Syan, Inc. Value Cycle Business (Secondary Products) Defacto standard co.,Ltd. Auction Portal (“aucfan” Service) Aucfan. co.,Ltd.

4. About netprice.com ECOSYSTEM strategy for Internet distribution ・ Dealmate ・ ASMARU

5. Business of netprice - Gathering Shopping – What could be more fun? ネットプライスの事業内容 – ギャザリング

6. WEB internet / Shopping sites on MBL Shopping site on Mobile Internet “Chibi-Gather” （ http://m.netprice.co.jp) Shopping site on PC Internet “netprice” （ http://www.netprice.co.jp) Official shopping site on all carriers. Business of netprice

7. Price 9,800 8,800 7,800 # of Order 1-5 6-10 11-50 ← When the # of order is between 1-5, the price stay as JPY 9,800 until it goes to 6. ← If orders reaches to 8, price goes down to 8,800. Having 2 more orders and reaches 11, all purchasers become able to buy for 7,800, until the order gets 50, the maximum # of stock. “ Gathering” is the netprice’s unique Internet Retail Model which accelerates the word-of-mouth promotion by Internet users , and integrates the “Buying Power” of consumers . Price gets lower by tiers as # of order increases. More people buy, cheaper it becomes. What is Gathering? Business of netprice “ Gathering” is netprice’s registered Trade Mark. And Netprice is now applying several patents of Gathering. (Final price is announced to all purchasers via e-mail after the price is decided.) Example Case: A Product with price JPY 9,800

8. Suppliers (Manufactures, Trade Companies) In order to expand the effect of GATHERING, we sell the items proposed from 2000+ suppliers not only on our Internet media, but also on our allied media as major magazines, radio programs, TV programs, other Internet media. As result we collect the order in short period, 1week, and make a quick turnover of inventory. It finally realizes the low price sale with high profit. (Mobile Internet) (PC Internet) Enhance word-of –mouth promotion Allied Media (Magazines, TV, Radio, Mobile/Web sites.) ■ Feature of GATHERING ・ Carries 1200 product every week, and change the all the products every week. ← 52 times of selections annually provides the hottest line up every week. ・ Purchase on order without inventory risks. Business flow of Gathering Business of netprice Consumers (Mobile/PC Internet Users) Supply of Product, Keep of Inventory provide product information purchases items provides marketing data and request information sell products by Gathering participate in Gathering and purchase of item give requests what they want. Provide sales margin and marketing data Provide contents of each media Collect/Analyze of Customer Data, Selection of Product, Payment/Logistics

9. Product development collaborated with celebrities Co-developed item with a celebrity, Aki Hoshino: “ Perfect Slim Shape TRENCA” Press conference on March 14 th , 2010 Several media appearance, sold in real retail stores, 15,000 for first production and over 80,000 in 4 months. Co-developed item with a comedian, Asako Ito: “ Herbal Dappy (foot care)” Press conference on August 2 nd , 2010 Business of netprice

10. High rate time sale speciality site 【 24value.com 】 Zapping mode Intuition mode Business of netprice

11. Recent cooperation with social media offer product information in real time 「 tweet about it 」 Gather feed backs from customers Event announcement Business of netprice

12. Merchandize Variation Targeting mainly 20-40 th female customers, handling various category of merchandise. Business of netprice Top Brand Items (MHLV, Prada, Burberry, Bvlgari, etc.) Fashion Items (Apparel , Accessory, watch, bag, etc.) Beauty and Health (Fragrance, cosmetics, skin-care, etc.) Electronics and Home (Audio&Visual, Kitchenware, Sundry, etc.) Food and Drink (Gourmet, Wine, Beer, Japanese Sake, etc.) Adding Pet, Sports, Entertainment, and other demanded categories. Men’s Fashion and Hobby (Watch, Zippo, Toys, etc. )

13. Business of Defacto Standard - Value Cycle Business Shopping – What could be more fun? デファクトスタンダードの事業 － ２次流通事業

15. Other New Business (Commerce Incubation Business) Shopping – What could be more fun? その他の新規事業 （コマースインキュベーション事業）

16. ASMARU Corporation ・ Based on capital and business alliance with ASKUL Corporation, ASMARU Corporation is established In November 2009. ・ For the future new B to C cycle, aiming to establish the strong position in the internet commerce site for individuals under the brand principal “Daily e-march” . ・ September 1st, 2010 grand open. Customers （ individuals ） ASKUL ・ partner （ maker, distributor ） merchandise procurement Carries approximate 30,000 items, a daily sale and opens a special page of request sale etc... Post their wanted items for request sale ASKUL Corporation : Japanese No.1 company in the field of office supplies catalog shopping. New Business of “e-march” http://www.asmaru.com/

19. Auction Portal Business (Price portal) Aucfan. Co., Ltd. -The price searching site & Data solution of Auction/Shopping products. -> increasing corporate service -“Yahoo China Mall” including the hugest Asian EC site “Taobao” is subject to our search and opened Chinese users’ site as well. -> Covering 3 trillion yen market data in China. -Only one/No. 1 company with a unique business domain. Monthly users. 1.5 million (PC), 300,000 (MOBILE) Number of product data: 800 million Total data transaction of distribution covered: Over 7 trillion yen The ratio of domestic data transaction covered 35% Websites subject to our search 【 Auction 】 【 Shopping 】 http://aucfan.com/ For Chinese user site 拍迷網 ▼

20. tenso.com, Inc. -Ships (forwards) Japanese products to the customers residing overseas -Promotes International Sales of Japanese EC sites -Ally with the domestic EC sites to collect customers from the overseas. -Participant of “E Commerce for Asia Alliance” (abbreviation: ECCA) to provide a prompt total solution to business that operate EC sites for export to Asian countries. Online Shops In Japan Oversea residents Order Settlement commodities Forwarding Baggage from Japan to all over the world Global item forwarding business http://www.tenso.com/

21. ※ Number of Japanese in abroad ： approximate 1.11 million (as of 2009) ① apparel ② book ・ DVD ③ cosmetic ④ health food ⑤ game software 【 transport item top 5 】 【 transport to top 10 】 ① U.S.A. ② China ③ Australia ④ Hong-Kong ⑤ Taiwan ⑥ Korea ⑦ U.K. ⑧ Thailand ⑨ Canada ⑩ Singapore Transportable to 85 countries worldwide ・・・ covered area

22. November 2008 ・ Develop EC in China with procurement of 2000 companies’ network in Japan Established netprice Shanghai.Ltd. December 2008 Established office for Chinese business November 2008 January 2009 Started trial B to B to C system with Alibaba China October 2009 Started ETC (Export to China) service April 2010 Opened own operate EC site BuyTen.com Concluded a business tie-up with Alibaba Japan ・ Over 10000 items are already translated in Chinese ・ Chatting and e-mail support Chinese ・ Own controlled merchandise procurement, international delivery, customs clearance, payment and customer support （百添） http://china.alibaba.com/ Netprice.com, Ltd. Transport Japanese products to China

23. Creating the future human resource development joint assistance 『 Open Network Lab 』 Supports entrepreneural engineers with holding regular events, mentoring, financial support and facility provision aiming to develop the human resource who create the future internet business. Student entrepreneur development and support 『 Netprice Spot Tokyo 』 Support upcoming student entrepreneur with strong ambition to create a new business or be an entrepreneur by offering and running adequate facility. new service created by student 『 Flutter Scape 』 Winner of “Gaku-challe!” (students’ business audition by netprice group) created new internet service aiming to connect each individuals. × ×

24. netprice.com, Ltd. Goten-yama Trust Tower 6/7F, 4-7-35 Kita-Shinagawa Shinagawa-ku, Tokyo, JAPAN 140-0001 Phone: +81-3-5739-3355 Fax: +81-3-5739-3606 ● URL of our GATHEING (netprice, Ltd.) Via Mobile Via PC m.netprice.co.jp www.netprice.co.jp Input above as URL or use the following QR code NTT Docomo – imode Official Shopping Service since 2002 au KDDI - EZweb Official Shopping Service since 2001 SoftBank – Yahoo! JAPAN Official Shopping Service since 2003 Shopping – What could be more fun?