Takata : Q&A on Proof of Rehabilitation Claim (Updated on August 7, 2017)

July 10, 2017

Updated on August 7, 2017

*Updated parts are underlined

Takata Corporation Takata Kyushu Co., Ltd. Takata Service Co., Ltd.

Q1: I have received a proof of claim form from the court. What should I do?

A1: If you hold claims against the Rehabilitation Debtor that arose from causes that occurred prior to the date of commencement of the civil rehabilitation (i.e., prior to June 28, 2017), please file a proof of claim.

Your proof of claim should be received no later than August 25, 2017. For details on matters such as how to fill out the proof of claim form and points of note, please refer to the enclosed Instruction for Filing Proof of Rehabilitation Claim or the sample proof of claim form.

As is mentioned in the answer to Q2, you do not need to file a proof of claim if the court has given its approval for exceptional repayment of your claim.

Q2: I understand that my claims will be paid in accordance with a court approval.

Do I need to file a proof of claim?

A2: If you have been separately contacted about your claim(s) for which court approval is given for exceptional repayment and the entire sum of your rehabilitation claim will be paid in accordance with previously existing terms and conditions, you do not need to file a proof of your rehabilitation claim.

Q3: What will happen if I do not file a proof of claim?

A3: If you do not file a proof of claim, you may be unable to participate in the proceedings; therefore, please file a proof of claim no later than August 25, 2017.

Q4: How should I seal and stamp the proof of claim form?

A4: For individuals, unregistered seals are acceptable. For corporations, the representative's seal is required to be affixed thereon. Please refer to the notations on the sample enclosed with the proof of claim documents.

Q5: May I give my signature instead of seal and stamp? I do not have any seal or stamp.

A5: If you are not Japanese, and do not have your seal and stamp, you may give your signature instead of seal and stamp.

Q6: May I use English or other language instead of Japanese to fill in my proof of claim? I cannot read or write Japanese.

A6: Unfortunately, the proof of claim form must be filled in in Japanese language only, except your address and name (including corporate names).

Q7: Should I file only one proof of claim?

A7: Please return two copies of the proof of claim form in the envelope enclosed for their return-one for the Court, and the other for the Rehabilitation Debtor.

Q8: Do I need to file a proof of claim even for a claim of a small amount?

A8: Yes, you need to do so, even if the claim is small. As was mentioned above, if you do not file a proof of claim, you may be unable to participate in the proceedings.

Q9: I am a creditor, but I have not received a notice from the Court. Also, I am not listed on the list of creditors. What should I do?

A9: If you contact us with your name and mailing address, arrangements will be made for the notice to be sent to you.

Q10: I have no claims for which I need to file a proof of claim. Further, based on the foregoing information, I do not need to file a proof of claim, yet I received a proof of claim form. What should I do?

A10: Proof of claim forms were sent to those who might possibly have claims against Takata, so it is possible that parties who are not creditors were contacted. You do not need to file a proof of claim if you have no claim, or are a party to whom the Rehabilitation Debtor will make payments in accordance with a court approval.

Q11: May I use English or other language instead of Japanese for the Power of Attorney?

A11: Unfortunately, the Power of Attorney is required to be written in Japanese. You can find our SAMPLE POWER OF ATTORNEY with English translations on it at the following URL.

http://www.takata.com/pdf/170807_EN.pdf

Q12: I have received a proof of claim form from the court recently, but it is difficult for me to file a proof of claim by the deadline, August 25, 2017. May I file a proof of claim after August 25, 2017?

A12: Proof of Claims filed after the deadline are acceptable, if the delays in filings are caused by reasons that are not attributable to the creditors. Considering the circumstances of foreign creditors, Takata will make best efforts to ask the court to accept proof of claims from foreign creditors that are received by October 10, 2017.

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