1. Best Practices and Legal Risks Surrounding Joint Venture Projects and Strategic Alliances ABA Asia Forum – Tokyo March 2-3, 2015 Hilton Tokyo - Japan 1

2. 2 Speakers Takeshi ArataniJapan Airlines, Tokyo, Japan Joon B. KimKim & Chang, Seoul, Korea Kenji HirookaBingham Sakai Mimura Aizawa, Tokyo, Japan Panel Chairs Yuto Matsumura (Moderator)Mori Hamada & Matsumoto, Tokyo, Japan Sara SandfordGarvey Schubert Barer, Seattle, WA, USA

3. 1.Motivation and Form of Strategic Alliance 2.Preparation for Strategic Alliance: Due Diligence 3.Operation of Alliance and Exit Strategy 4.Regulator and Joint Projects 5.Role of External Law Firms 3 Discussion Topics

4. 1.Why you need to form an alliance/ joint venture 2.History of airline alliance and joint business (1)Interlining (2)Codeshare (3)Alliance (4)Joint business 3.FDI (Foreign Direct Investment) regulation and joint venture projects Motivation and Form of Strategic Alliance 4

5. 1.Key issues in conducting due diligence for joint projects 2.What is different from due diligence in acquisitions? Preparation for Strategic Alliance: Due Diligence 5

6. 1.Operation of business alliance 2.Corporate Governance of joint projects 3.Exit strategy of joint projects Operation of Alliance and Exit Strategy 6

7. 1.Competition law : Anti-trust Immunity in joint business projects between airline 2.Joint projects and Cartels Regulator and Joint Projects 7

8. 1.From the in-house legal department’s view 2.From the external firm’s view Role of External Law Firms 8

9. Questions and Answers Best Practices and Legal Risks Surrounding Joint Venture Projects and Strategic Alliances 9