Toyota Motor (TM)

Article 13. (Payment of Purchase Price)

Unless otherwise specified by the Company, the purchase price under the preceding article shall be paid by the Company to the applicant on the fourth business day of the Transfer Agent from the date immediately following the date on which the purchase price is determined and the purchase request is received at the Handling Office of the Transfer Agent.

Article 26.    (Payment of purchase price)

Unless the Corporation otherwise determines, the purchase price under the preceding Article shall be paid on a day designated by the Corporation and falling within four (4) transfer agent’s business days counting from the day on which the sale and purchase price has been determined and the documents necessary for the purchase request have reached the transfer agent’s handling office, at such handling office; provided, however, that, if the Corporation purchases the less-than-one-unit shares at the price of the date of the less-than-one-unit shares’ ex-dividends from surplus or ex-rights, the purchase price shall be paid on the next business day of the record date for the final determination of such dividends or rights (the “record date”).

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