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Terms of Service

These Terms of Service provide for the conditions for using BIZIT M&A (the “System”), a system for efficiently conducting mergers, company splits, business transfers, share transfers, and other transactions (“Sale and Purchase”) regarding companies or businesses (“Business Assets”), provided by BIZIT Inc. (the “Company”).

Users of the System (“Member(s)”) shall, prior to using the System, carefully read, understand, and consent to these Terms of Service and the privacy policy (the “Privacy Policy”) as separately provided for by the Company, and by using the System, such Member shall be deemed to have consented to all the contents of these Terms of Service and the Privacy Policy. Please note that if a Member does not accept these Terms of Service, such Member may not use the System.

In addition, these Terms of Service shall apply not only to Members but also to Member Applicants (as defined in Article 3 of these Terms of Service) and a Member Applicant shall be deemed to have consented to all the contents of these Terms of Service and the Privacy Policy upon applying for membership registration.

Article 1. (Scope of Terms of Service)

  1. These Terms of Service apply to the browsing of the Company’s website (the “Company Website”), the use of applications provided by the Company, and the Company’s information provision to Members through e-mail or other means as well as the use of the System in general.
  2. If there is an individual agreement (the “Individual Agreement”) between the Company and each Member other than these Terms of Service, the provisions of such Individual Agreement shall supersede these Terms of Service.

Article 2. (Contents of the System)

  1. The System provides services such as posting of summaries of Business Assets, acquisition of various documents and information necessary for Sale and Purchase of Business Assets, and communication with counterparties to Sale or Purchase of Business Assets so that Sale and Purchase of Business Assets are made smoothly. In order for a Member to use the System, the Member shall be registered as a Member pursuant to Article 3 of these Terms of Service, and pay the service fees for the System through a payment method separately specified by the Company pursuant to Article 6 of these Terms of Service.
  2. Sale and Purchase of Business Assets, and negotiation therefor shall be conducted directly among the Members, and the Company shall not be a party to such Sale and Purchase and shall have no responsibility for the terms and conditions of such Sale and Purchase of Business Assets.
  3. Upon completion of the Sale and Purchase of Business Assets, a Member shall notify the Sale and Purchase amount to the Company.

Article 3. (Membership Registration)

  1. Any person who desires to use the System for selling or purchasing Business Assets (a “Member Applicant”, who shall become a Member of the System upon completing membership registration under this Article) is required to apply for membership registration by entering necessary information specified by the Company, on the Company Website for the System.
  2. Persons eligible to become a Member of the System are: holders of Business Assets; persons who desire to purchase Business Assets; and persons who intermediate, broker or introduce (“Intermediate”) Sale and Purchase of Business Assets (including financial advisers and the like, and such a person shall be hereinafter collectively referred to as an “Intermediary”), and if such a person is a company, a partnership, an administrative agency or other entity, other than a natural person (collectively, a “Legal Entity”), such Legal Entity’s officers, employees, shareholders or equity holders (collectively, “Officer(s) or Employee(s)”) who have obtained the consent of the said Legal Entity may also become Members for and on behalf of such Legal Entity. Such Legal Entity shall be jointly and severally responsible for all the obligations of its Officers or Employees who became Members for it and on its behalf of the Company under these Terms of Service with the Members.
  3. In applying for membership registration, a Member Applicant shall confirm and agree to each of the following items:
    1. The Member shall at its own cost and responsibility construct a communication environment under which it may use the System;
    2. The Member shall pay the service fee for the System through a payment method separately specified by the Company pursuant to Article 6 of these Terms of Service;
    3. If the Member Applicant (or, if the Member Applicant is an Officer or Employee of a Legal Entity that desires to sell Business Assets, or is an Intermediary or an Officer or Employee of an Intermediary, then the Legal Entity to which the Member Applicant belongs or the person who entrusts the Member Applicant (including an Intermediary to which the Member Applicant belongs) with Intermediating the sale) aims to sell its Business Assets, such Member Applicant shall legally own the Business Assets posted on the System;
    4. The Member shall be fully responsible for Sale and Purchase of Business Assets by the Member, and if the Member Applicant is an Officer or Employee of a Legal Entity, such Member Applicant shall have the Legal Entity to which he/she belongs be fully responsible for Sale and Purchase of Business Assets by such Legal Entity, and the Company shall have no responsibility for it;
    5. The Member shall conduct at its own responsibility any and all negotiations with the Members, and the Company shall have no responsibility for any disputes among the Member and the other Members including those concerning the contents of the Business Assets;
    6. The Company shall have no responsibility for the information concerning the Business Assets posted on the System;
    7. If the Member Applicant is an Officer or Employee of a Legal Entity, then such Legal Entity shall have consented that the Member Applicant applies for the membership registration and uses the System as an Officer or Employee of such Legal Entity;
    8. If the Member is a natural person, or if the Member is an Officer or Employee of a Legal Entity and is a Company Manager as defined in Paragraph 7 of this Article, then such Member shall be fully responsible for his/her own registered information or the registered information of the Legal Entity to which he/she belongs;
    9. If the Member is a natural person, or if the Member is an Officer or Employee of a Legal Entity and is a Deal Manager as defined in Article 4, Paragraph 5 of these Terms of Service, then such Member shall be fully responsible for the Business Assets information posted on the System by such Member;
    10. If the Member is a Company Manager, and such Member is subject to an order of temporary suspension from use of the System or cancellation of membership registration pursuant to Paragraph 10 of this Article or to Article 12 of these Terms of Service, or withdraws his/her membership pursuant to Article 13 of these Terms of Service, then the other Members who belong to the Legal Entity to which such Member belongs may not use the System with respect to the Business Assets which are posted on the System by such Member, or which are under negotiation of Sale and Purchase, until the Company Manager is replaced by another Member pursuant to Paragraph 3 of Article 5 of these Terms of Service;
    11. If the Member Applicant is an Intermediary (including an Officer or Employee of an Intermediary; the same shall apply hereinafter in this Paragraph), such Member Applicant shall have obtained or made any permission, authorization, license, approval, consent, registration, notification, report, or the like (“License or Notification”) of a juridical or administrative authority or the like that is required by national or international treaties, laws, cabinet orders, public notices, rules, orders, prefectural ordinances, guidelines, rules of a securities exchange or other self-regulatory organization, or any other regulations (“Laws”), and that is necessary to Intermediate Sale and Purchase of Business Assets posted on the System;
    12. If the Member Applicant is an Officer or Employee of a Legal Entity, the Company shall have no responsibility for disputes between such Member Applicant and the Legal Entity to which such Member Applicant belongs;
    13. If the Member Applicant is an Intermediary (including an Officer or Employee of an Intermediary; the same shall apply hereinafter in this Paragraph), the Company shall have no responsibility for disputes between such Member Applicant and the person who has entrusted such Member Applicant with Intermediating Sale and Purchase of Business Assets;
    14. If the Member Applicant is an Intermediary, the person who has entrusted such Member Applicant with Intermediating Sale and Purchase of Business Assets shall have consented for such Member Applicant to use the System;
    15. As for any inquiries with respect to the Business Assets posted on the System, the Company shall not owe an obligation to respond to such inquiries or any other obligation;
    16. Neither false statements nor information prohibited from disclosure due to confidentiality or any other obligations shall be posted on the System;
    17. The offered sales amounts for the Business Assets posted on the System may be different from the offered sales amounts posted on a website that is operated by a third party other than the System;
    18. The Company shall not guarantee that e-mails or other communications to be sent to the Members by the Company do not include a computer virus or any other harmful item;
    19. If a Member is subject to an order of temporary suspension from use of the System or cancellation of membership registration pursuant to Paragraph 10 of this Article or to Article 12 of these Terms of Service, or withdraws its membership pursuant to Article 13 of these Terms of Service, any outstanding posting for sale of Business Assets on the System shall be cancelled and the Member may not use the System even if the Member is in negotiation with another Member aiming to purchase such Business Assets;
    20. If a Member is subject to an order of temporary suspension from use of the System or cancellation of membership registration pursuant to Paragraph 10 of this Article or Article 12 of these Terms of Service, or withdraws its membership pursuant to Article 13 of these Terms of Service, such Member will no longer have access to any and all information on the Members page on the System;
    21. To ensure or maintain the order in the use of the System, the Company may confirm or record the contents of the Business Assets posted on the System or the contents of the negotiations among the Members and any other information necessary therefor;
    22. To calculate the service fees, the Company may confirm the Sale and Purchase amount of the Business Assets;
    23. The Company may notify by e-mails, or make advertisements, etc., with respect to the summary of the Business Assets posted on the System;
    24. To improve the quality of the customer support’s responses, the Company may record, voice-record and keep the contents of the inquiries made to the Company, etc.;
    25. Any and all documents submitted to the Company shall be true originals or true and accurate copies thereof, and any and all information to be submitted to the Company shall be true and accurate;
    26. Information registered on the System, including the name, etc. of the Member and the name and the outline of the Company to which the Member belongs, will be disclosed on the System corresponding to the extent of disclosure pre-chosen by the Member;
    27. If the Member is an Officer or Employee of a Legal Entity, and the Member leaves such Legal Entity due to resignation or any other reason, and, if such Legal Entity requests the Company to cancel the membership registration of the Member, then the Company may cancel the membership registration of the Member pursuant to Article 12 of these Terms of Service;
    28. If the Member Applicant or the holder of Business Assets posted on the System is a US citizen or a US resident, such Member Applicant shall have duly obtained or made the License or Notification for doing business as a business broker or a securities broker or other License or Notification similar thereto in the United States;
    29. The Member Applicant, the Legal Entity to which the Member Applicant belongs or the person who entrusts the Member Applicant with Intermediating Sale and Purchase, and their Officers or Employees shall not be an organized crime group (boryokudan), organized crime group member (boryokudan in) (including a person who was an organized crime group member in the last 5 years), a quasi-member of an organized crime group (boryokudan junkouseiin), company/organization related to organized crime group (boryokudan kankeikigyou/dantai), corporate racketeers (sokaiya), a criminal operating under the pretext of conducting social campaign/political activity (shakaiundou/seijikatsudou hyoubou-goro), a crime syndicate with special intelligence (tokushu chinou bouryoku shuudan) or other anti-social forces;
    30. The Member Applicant shall not conduct or have the Legal Entity to which the Member Applicant belongs or the persons who entrust the Member Applicant (including an Intermediary to which the Member Applicant belongs) with Intermediating the Sale and Purchase conduct the prohibited matters as provided in Article 11 of the Terms of Service;
    31. If the Member Applicant is a minor, a legal representative such as a person who has parental authority has consented thereto; and
    32. The Member Applicant shall be liable for compensating for any and all damage (including those suffered by the Company) incurred by breaches of the Terms of Service by the Member Applicant.
  4. When applying for a membership registration, a Member Applicant shall, upon the Company’s request, submit or present to the Company the identification documents separately designated by the Company through a method separately designated by the Company.
  5. If a Member Applicant is an Officer or Employee of a Legal Entity which holds Business Assets posted on the System or an Officer or Employee of an Intermediary, the Member Applicant shall submit or present, upon the Company’s request and through a method separately designated by the Company, the identification documents concerning the holder of such Business Assets or the Intermediary separately designated by the Company, and the written consent of the holders of Business Assets posted on the System or the Intermediary.
  6. If a Member Applicant is a person who Intermediates the Sale and Purchase of Business Assets as a Type I Financial Instruments Business Operator or under any other License or Notification, the Member Applicant shall, upon the Company’s request, submit or present the documents evidencing such License or Notification through a method separately designated by the Company.
  7. If a Member Applicant is an Officer or Employee of a Legal Entity, and there is no Officer or Employee of such Legal Entity who is a Member of the System at the time of the application for a membership registration by such Member Applicant, such Member Applicant shall become a responsible person (a “Company Manager”) for the registered information of such Legal Entity upon the completion of a membership registration under Paragraph 9 of this Article.
  8. If a Member Applicant is a minor, the application for a membership registration shall be made with the consent of his/her legal representative, and, upon the application for a membership registration under this Article, the legal representative’s written consent thereto shall be submitted or presented to the Company, upon the Company’s request, through a method separately designated by the Company.
  9. A membership registration shall be deemed completed upon the Company’s sending a notice of completion by e-mail to the Member Applicant.
  10. If any of the following events occurs, the Company may reject the application for membership registration by a Member Applicant, and even if membership registration has been completed with respect to a Member, the Company may terminate such membership registration:
    1. If the Member Applicant (including a Legal Entity to which the Member Applicant belongs if the Member Applicant is an Officer or Employee of such Legal Entity; the same shall apply hereinafter in this Paragraph) does not actually exist;
    2. If the Member Applicant makes a false statement, or there are errors or omissions in its statement upon the membership registration;
    3. If the registration of the Member Applicant has been terminated by the Company in the past;
    4. There is a dispute pending between the Member Applicant and the Company;
    5. If the Company determines that the Member Applicant is in deteriorating fiscal conditions and the sale of the Business Asset may be denied;
    6. If the bank account, credit card or other payment service specified by the Member Applicant does not exist or the use thereof is suspended.
    7. If the Member Applicant has failed to pay any amount in the past;
    8. If the Member Applicant is an Officer or Employee of a Legal Entity and the consent to use of the System has not been obtained from such Legal Entity;
    9. If the Member Applicant is an Intermediary (including an Officer or Employee of an Intermediary; the same shall apply hereinafter in this Paragraph), the person who desires to conduct Sale or Purchase of Business Assets has not consented for such Member Applicant to use the System;
    10. If the Member Applicant is an Intermediary and does not have or has not made any License or Notification appropriate to Intermediate the Sale or Purchase of the Business Assets posted on the System;
    11. If the Member Applicant is a minor, an adult ward (seinen hi koukennin), a person under curatorship (hi hosanin) or a person under assistance (hi hojonin) and upon applying for a membership registration, the consent of the custodian, legal guardian, etc. has not been obtained;
    12. If the Company is not able to confirm the holder of the Business Assets posted on the System;
    13. If the Company determines that the holding or sale of the Business Assets posted on the System does or may violate any Laws or public policy;
    14. If the Member Applicant or the holder of the Business Assets posted on the System is a US citizen or a resident of the United States and such Member Applicant is not qualified as a business broker or securities broker in the United States;
    15. If the Member Applicant operates a business which competes with or may compete with the business operated by the Company;
    16. If the Company determines, or recognizes the possibility, that the Member Applicant, the Legal Entity to which the Member Applicant belongs or the person who entrusts the Member Applicant with Intermediating Sale and Purchase, or its Officer or Employee is an organized crime group (boryokudan), an organized crime group member (boryokudan in) (including a person who was an organized crime group member in the last 5 years), a quasi-member of an organized crime group (boryokudan junkouseiin), a company related to an organized crime group/organization (boryokudan kanren kigyou), corporate racketeers (sokaiya), a criminal operator in the name of social activity/political activity (shakaiundou/seijikatsudou hyoubou-goro), a crime syndicate with special intelligence (tokushu chinou boryoku shudan) or other anti-social forces;
    17. If the Member Applicant files, or if any third party files with respect to the Member Applicant, for the commencement of a proceeding for an attachment, provisional attachment, provisional injunction, public auction, bankruptcy, civil rehabilitation, special liquidation or corporate reorganization, or if there is a ground for or possibility of commencement of any such proceedings;
    18. If the Member Applicant is subject to a delinquent collection procedure of taxes and public dues;
    19. If the Member Applicant is subject to a penalty due to dishonoring promissory notes or checks, or suspension of bank transactions, suspension of transactions imposed by densai.net Co., Ltd. or any other equivalent disposition imposed by other electronic monetary claim recording institutions, or it suspends payments or is insolvent; or
    20. If the Company otherwise determines that the Member Applicant is not appropriate to be a Member of the System.
  11. A Member Applicant may use the System as a Member from the date (the membership registration date) on which the Member Applicant receives the notice of completion by e-mail as provided for in Paragraph 9 of this Article.
  12. E-mail address and password used for a membership registration and other information necessary for the login or the application for requesting the posting of Business Assets or the purchase thereof (the “Passwords and Other Information”) shall be safely kept by Members. If the Passwords and Other Information entered upon login are identical with the registered Passwords and Other Information, then the Company may consider that the login to the System and the application for requesting the posting or purchase of Business Assets and any other activities made through the System are conducted by the Member itself.
  13. A Member shall change its password periodically on the Company Website. In addition, a Member shall logout whenever the Member completes its browsing of the Company Website after its login.
  14. A Member shall not allow any third party to use or share the Passwords and Other Information, and a Member shall not transfer, lease or otherwise permit to have an interest in the Passwords and Other Information to any third party.
  15. If a Member forgets its Passwords and Other Information or suspects an improper use thereof by a third party, then the Member shall promptly notify thereof to the Company and follow the Company’s instructions. In addition, the Member shall be liable for compensating for any and all damage suffered by the Company due to the delay of such notice, etc.

Article 4. (Posting of Business Assets)

  1. When posting Business Assets on the System, a Member shall obtain the Company’s consent thereto by entering a summary of the Business Assets that the Member desires to post, through a method designated by the Company, into the deal registration page on the System.
  2. If a Member is an Intermediary (including an Officer or Employee of an Intermediary), the Member shall, upon the Company’s request, submit or present the identification documents separately designated by the Company regarding the holder of such Business Assets and the written consent of the holder of the Business Assets to be posted on the System, through a method separately designated by the Company, upon registration of the deal to be made under the preceding Paragraph.
  3. The Company’s consent under Paragraph 1 of this Article shall be given by a notice of consent via an e-mail from the Company, and the Member may post the consented Business Assets on the System from the day on which such notice of consent is sent by e-mail from the Company.
  4. If a Member is an Intermediary (including an Officer or Employee of an Intermediary) and is going to request an opportunity to make contact with another Member who posted the information of the Business Assets on the System, then the Member shall, upon the Company’s request, submit or present the identification documents separately designated by the Company in respect of the person who entrusted such Member with Intermediating the Sale and Purchase thereof and the written consent of such person, through a method separately designated by the Company.
  5. If a Member who is an Officer or Employee of a Legal Entity registers a deal pursuant to this Article, such Member shall become a responsible person for management of the deal (a “Deal Manager”).
  6. Even if a Member submits or presents the written consent of the holder of the Business Assets or the person who entrusted such Member with Intermediating Sale and Purchase pursuant to Paragraph 2 or Paragraph 4 of this Article, the Member shall not be discharged from any obligations as a Member under these Terms of Service and shall bear any and all liabilities jointly and severally with the holder of such Business Assets or the person who entrusted the Member with Intermediating Sale and Purchase.

Article 5. (Amendment, etc. to Registered Information/Business Assets Information/Company Manager/Deal Manager)

  1. If a Member’s own registered information is changed (including in cases where the identification documents submitted to the Company are amended or updated), then the Member shall implement the procedures for amending the registered information, without delay, through a method specified by the Company, and shall submit the amended or updated identification documents through a method separately designated by the Company.
  2. If the registered information of the Legal Entity to which a Company Manager belongs is changed (including in cases where the identification documents submitted to the Company are amended or updated), then the Company Manager shall implement the procedures for amending the registered information, without delay, through the method specified by the Company, and shall submit the amended and updated identification documents through a method separately designated by the Company.
  3. If the Business Assets information posted on the System is changed, then the relevant Deal Manager shall amend the Business Assets information, without delay, through a method specified by the Company.
  4. A Company Manager for the Legal Entity to which the he/she belongs may, through a method designated by the Company, transfer his/her status as the Company Manager to another Member who is an Officer or Employee of the Legal Entity, as a substitute for the Member himself/herself or add such other Member as an additional Company Manager, subject to the consent of such other Member.
  5. A Deal Manager may, through a method designated by the Company, transfer his/her status as the Deal Manager of the deal, etc. for which he/she is the Deal Manager, to another Member who is an Officer or Employee of the Legal Entity to which he/she belongs, as a substitute for himself/herself or add such other Member as an additional Deal Manager, subject to the consent of such other Member.
  6. If a Member delays implementing amendment procedures pursuant to this Article and as a result it interferes the Member’s use of the System or cause the Member to suffer any damage, etc. therefrom, the Company shall not be responsible therefor.

Article 6. (Service Fees)

  1. In consideration for the use of the System, a Member shall pay the amount of the service fees separately specified by the Company added by consumption taxes in a method designated by the Company. If the Legal Entity to which a Member belongs submits a written consent to the Company pursuant to Article 3, Paragraph 5 of these Terms of Service, the Company may claim to the Legal Entity to pay the consideration for the use of the System by the Member.
  2. If a Member fails to pay the service fees pursuant to the preceding Article, the Member shall pay the Company the delinquent charges at a rate of 14.6% per annum from the date following the payment date to the date of full repayment thereof in a method designated by the Company.
  3. The Company will not return or refund to a Member any service fees the Member has paid pursuant to these Terms of Service for any reason; provided that, the foregoing shall not apply if the Company determines that the return or refund is appropriate on reasonable grounds.

Article 7. (Availability Period of the System)

  1. A Member may use the System during the period from the date of commencement of use of the System until the Withdrawal Date (as defined in Article 13 of these Terms of Service).

Article 8. (Confidentiality of Information, etc.)

  1. A Member shall be responsible for its disclosure of the information of the Business Assets to other Members, and, if deemed necessary, shall procure by itself a confidentiality agreement with other Members to whom it will disclose the information.

Article 9. (Payment Method of Sale and Purchase Price)

  1. Upon completion of the Sale and Purchase of the Business Assets between the Members, the Member who purchases the Business Assets (or, if the Member is an Officer or Employee of a Legal Entity, an Intermediary, or an Officer or Employee of an Intermediary, the actual purchaser of the Business Assets) shall directly pay the Sale and Purchase price of such Business Assets to the Member who sells the Business Assets (or, if the Member is an Officer or Employee of a Legal Entity, an Intermediary, or an Officer or Employee of an Intermediary, the actual seller of the Business Assets). The Company shall not be involved in any payment of the Sale and Purchase price, shall not compensate for any payment of the Sale and Purchase price, and shall not bear any responsibility therefor.

Article 10. (Suspension of Posting of Business Assets)

  1. A Member may suspend posting of Business Assets at any time; provided, however, that if the Member is under negotiation with any other Member regarding the Business Assets relevant to such suspension of posting, then the Member shall at its responsibility discuss with such other Member, and the Company shall not be involved in such discussion and shall not bear any responsibility therefor.
  2. If the Company determines that any of the events specified in Article 3, Paragraph 10 or Article 11 of these Terms of Service occurs, then the Company may, in its own discretion, suspend the posting of the Business Assets and shall not bear any responsibility to the Members for such suspension of the posting of the Business Assets.
  3. If Houlihan Lokey Inc. or any of its subsidiaries is designated as an advisor for a party to the Sale and Purchase of the Business Assets disclosed on the System, the Company may, in its own discretion, suspend the posting of the Business Assets while negotiation is ongoing regarding such Sale and Purchase, and shall not have any responsibility to the Members for such suspension of the posting of the Business Assets.
  4. Even if the Company suspends the posting of the Business Assets pursuant to the preceding two Paragraph, the Company shall not refund to the Member the service fees already paid by the Member for the posting of such Business Assets.

Article 11. (Prohibited Activities)

  1. In using the System, a Member shall not perform, or have the Legal Entity to which the Member belongs or the person who entrusted the Member (including the Intermediary to which the Member belongs) with Intermediating Sale and Purchase perform, any of the activities prescribed below:
    1. To assign, transfer, cause succession of, lease, change the ownership of, create a pledge on, grant a security interest on, or otherwise dispose of, the right to use the System to third parties;
    2. To transfer, lease or otherwise permit to have an interest in the Passwords and Other Information or any other right to access the System to third parties, or allow third parties to use or share the Passwords and Other Information or any other right to access the System with third parties;
    3. To make multiple membership registrations for one person or one Legal Entity;
    4. To infringe the business, honor, credit, copyright, patent right, utility model right, design right, trademark right, portrait right or privacy of the Company, other Members (including the Legal Entity to which the Member belongs or the person who entrusted the Member (including the Intermediary to which the Member belongs) with Intermediating Sale and Purchase; the same shall apply hereinafter in this Paragraph) or any other third parties;
    5. To conduct activities that are or might be illegal or against public policy;
    6. To interfere with the operation of the System;
    7. To verbally abuse or threaten the Company’s customer support personnel, or to hinder the process of our customer support activities;
    8. To solicit or encourage other Members, Officers or Employees of the Company or other third parties to conduct illegal activities;
    9. To conduct activities that have other Members, Officers or Employees of the Company or other third parties suffer economic or mental damage or losses;
    10. To conduct criminal activities or activities leading to criminal activities;
    11. To conduct harassment of other Members, misconduct or any other activities which interfere with the Sale and Purchase of Business Assets;
    12. To divulge or look into any information related to the privacy or trade secrets of other Members, Officers or Employees of the Company or other third parties which is not disclosed on the Company Website;
    13. To solicit other Members, Officers or Employees of the Company or other third parties to join a religious group, political organization, multilevel marketing system, etc., or to conduct election campaign activities;
    14. For a Member itself or through its agent to seek personal contact with other Members, Officers or Employees of the Company or other third parties, whether online or offline, without using the System (including transmission and receipt of e-mails), or to force them to have a meeting without using the System, without prior consent of the Company;
    15. To solicit or otherwise encourage other Members, Officers or Employees of the Company or other third parties to work at a service or enterprise, conduct a business, or perform any other activities which may compete with the Company;
    16. Other than the activities stated in the preceding Items, to conduct activities which may harm the interests, rights or credit of the Company, other Members, Officers or Employees of the Company, or any other third parties;
    17. In applying for the membership registration, to falsify personal history or other Member information, or to register any information that is false or not based on factual backgrounds;
    18. To set the desired sales amount of the Business Assets to be posted on the System at a sales amount higher than that posted on the website of other companies;
    19. To use any information that a Member has learnt about based on the use of the System (including such information as modified, altered or otherwise processed by the Member) for any other purpose than the evaluation of and negotiations on the Sale and Purchase of the Business Assets through the System, including without limitation, providing the information to a third party for a fee or beyond the necessary range without prior consent of the Company;
    20. To post on the System any Business Assets the holding or sale of which violates any Laws or is against public policy;
    21. To post on the System any information prohibited from being disclosed due to confidentiality obligations or other reasons;
    22. To post Business Assets on the System without obtaining the consent of the holder of such Business Assets, or to continue the posting of Business Assets despite receiving a request for the suspension or cancellation of the posting of such Business Assets from the holder of such Business Assets;
    23. To use a security vulnerability or a bug, make an illegally access, make an artificially heavily loaded access, falsify or delete information in the System and/or on the Company Website, or to make an unauthorized access to the Company’s facilities, or the System or the facilities of the Company Website, or any activity which interferes with the use or operation of such facility;
    24. To send, or enable third parties to receive, a computer virus or any other unjust programs;
    25. To make posts, or post information on the System that slanders or may slander other Members, third parties or the Business Assets posted on the System without any justifiable reasons;
    26. To make posts or post information on the System that are false, untrue or do not have concrete factual backgrounds;
    27. To make posts or post information on the System that fall under solicitation to obtain unjust personal benefits for the Member itself or any third party;
    28. To offer any services based on all or part of the System;
    29. To post on the System information concerning personal privacy of a natural person who is a third party (any or all information of personal name, company name, office title, address, telephone number, e-mail address, room number or any other information which may specify or identify an individual; the same shall apply hereinafter);
    30. To use personal information or personal privacy of a natural person who is a third party that is known to the Member based on the use of the System, or provide such information to another third party, without obtaining the consent of such natural person;
    31. To post on the System any Business Assets for which posting has not been approved under the Company’s deal assessment;
    32. To give or receive any money other than the Sale and Purchase amount which is notified to the Company in accordance with Article 2, Paragraph 3 of these Terms of Service; and
    33. To conduct any other activities that the Company determines inappropriate.
  2. If the Company or any third party suffers any damage arising from any activity which is in violation of the preceding Paragraph, the Member shall, even after cancellation of its membership registration or its withdrawal from this System, assume all legal responsibilities and have the Company exempted from bearing any such responsibilities.

Article 12 (Disciplinary Action)

  1. If any of the following events occurs, the Company may, without giving any advance notice, temporarily suspend the Member’s use of the System or cancel the registration of the Member, and the Company shall not bear any responsibility to the Member for taking such actions:
    1. If any of the events set forth in each Item of Article 3, Paragraph 10 of these Terms of Service occurs;
    2. If the Member (when the Member is an Officer or Employee of a Legal Entity or is an Intermediary (including the Intermediary to which the Member belongs; the same shall apply hereinafter in this Paragraph), including such Legal Entity and the persons who entrusted such Intermediary with Intermediating the Sale and Purchase; the same shall apply hereinafter in this Paragraph) conducts any of the prohibited acts set forth in Article 11 of these Terms of Service;
    3. Other than the cases stated in the preceding Items, if the Member violates any of the provisions of these Terms of Service;
    4. If the Member (provided, however, that with respect to the Sale and Purchase price, when the Member is an Officer or Employee of a Legal Entity or is an Intermediary, the actual holder or purchaser of the Business Asset) delays or fails to make payment of the service fees or the Sale and Purchase price of the Business Assets;
    5. If the Member fails to follow any material instructions, etc. provided by the Company upon using the System;
    6. If the Member harms or may harm the credit of the Company;
    7. If the Member is an Officer or Employee of a Legal Entity, or is an Intermediary, when the consent given to the Member to use the System is revoked by the holder of the Business Assets or the person who desires to purchase the Business Assets (the said consent shall be deemed to have been revoked upon confirmation to the relevant Company Manager as defined in Article 3, Paragraph 7 of these Terms of Service);
    8. If the Member is an Officer or Employee of a Legal Entity and when such Member leaves the Legal Entity to which he/she belongs due to resignation or any other reason, and the said Legal Entity requests the cancellation of the registration of membership of such Member;
    9. If the Member abolishes its business or commences its liquidation procedure, or when such abolishment or liquidation is likely to occur;
    10. If the Member assigns all or a material part of its business to a third party;
    11. If the Member’s business environment is substantially changed due to its merger, any other organizational restructuring, or the like;
    12. If the Member is an Intermediary or an Officer or Employee thereof, when it loses its License or Notification to Intermediate the Sale and Purchase of the Business Assets to be posted on the System;
    13. If the Company is unable to contact the Member, despite the Company’s attempts to contact the Member at the contact address registered by the Member for a certain period of time in a manner deemed reasonable;
    14. If the Company otherwise determines that the Member’s use of the System is inappropriate.
  2. If the Company takes any action against the Member pursuant to the preceding Paragraph, the Company shall not refund the Member any of the service fees already paid by the Member.
  3. Any Member who is subject to an order of temporary suspension from use of the System or cancellation of membership registration pursuant to this Article in the course of negotiations over the Business Assets posted on the System shall, at its own responsibility, deal with the counterparty Member with whom it was negotiating, and the Company shall not be involved in the dealing with such counterparty Member in any way or bear any responsibility therefor.

Article 13 (Withdrawal)

  1. Withdrawal means a suspension of a Member’s use of the System and termination of its membership of the System. A Member shall be disqualified to use the System from the date on which the withdrawal procedure is completed pursuant to Paragraph 3 of this Article (the “Withdrawal Date”). From the date following the Withdrawal Date, the Member shall lose any and all rights concerning the System and may not make any claims whatsoever to the Company.
  2. When a Member desires to withdraw from the membership of the System, the Member shall apply for such withdrawal in a method prescribed by the Company.
  3. The withdrawal procedure by a Member shall be completed at the time the Company confirms the application for withdrawal by the Member pursuant to the preceding paragraph and notifies the Member by e-mail, etc. to the effect that the procedure has been completed. In principle, such withdrawal procedure shall be deemed completed on the business date (which is a business date in Japan) immediately following the date the application for withdrawal was made pursuant to the preceding Paragraph.
  4. Notwithstanding the preceding three Paragraphs, when the Member is under negotiations over the Business Assets posted on the System, such Member may not withdraw from its membership of the System until such negotiations have ended.
  5. If the Member withdraws its membership of the System pursuant to this Article, the Company shall not refund any service fees already paid by the Member to the Company.
  6. Unless otherwise requested from the Member, the Company shall delete the registered information of the Member after a certain period prescribed by the Company after the withdrawal of such Member. For avoidance of any doubt, the Company shall not return any documents or electronic data, etc. that it has received from the Member.
  7. If any damage is incurred by the Company or a third party due to the acts, etc. of the Member, then the Member shall, even after the withdrawal, bear all legal responsibilities and shall hold the Company indemnified in any event.

Article 14 (Notice)

  1. Any notices to be made by the Company to the Member shall be made by posting such notice on the Company Website or by sending such notice by an e-mail to the e-mail address included in the registered information of the Member (the “Designated E-mail Address”), and the notice shall be deemed completed at the time such notice is posted on the Company Website (in case of posting on the Company Website) or at the time such e-mail is dispatched (in case of sending an e-mail), as the case may be.
  2. The Member shall configure the various settings concerning the Designated E-mail Address so that it may receive e-mails from the Company (domain name: gcakk.com , mail.biz-it.co and hl.com ).
  3. When the Company sends material information concerning the System by e-mail, such notice shall be deemed completed at the time such e-mail is dispatched even if the Member has configured his/her e-mail address to reject all e-mails from the Company.
  4. If an e-mail from the Company does not reach the Member due to any deficiencies or errors in the Designated E-mail Address or the Member’s failure to change the e-mail receipt settings, the Company shall not bear any responsibility for such non-delivery of notices. The Member shall bear all legal responsibilities arising from such non-delivery of notices (including, but not limited to, liabilities for payment of damages, etc.), and shall hold the Company exempted from such responsibilities in any event.

Article 15 (Handling of Registered Information)

  1. The Company shall treat all registered information of the Member as personal information, and use such information only for the purposes prescribed in the Privacy Policy.
  2. Except as otherwise prescribed in the Privacy Policy, the Company shall not disclose the registered information of a Member to a third party without prior consent thereto by the Member.

Article 16 (Change, Suspension and Termination of the System)

  1. The Company may change the specifications of the System based on the Company’s discretionary judgment without giving any notice.
  2. The Company may suspend or terminate the System by posting on the Company Website or giving notices by e-mail to the Members, in advance, whether for the maintenance of the System, change in specifications of the System or otherwise. Furthermore, when it is difficult to provide the System due to a communication failure, domestic or international political situation or natural disaster, etc., failure of the platform server, etc., or failure at the provider, or for any other unavoidable reasons, the System may be suspended without prior notice, and the Company shall not assume any responsibility therefor.
  3. In the case where the System is suspended or terminated pursuant to the preceding Paragraph, the Company shall not refund to the Member the service fees already paid by the Member, and the Member shall agree to the foregoing.

Article 17 (Liability for Damages)

  1. If the Member (including, when the Member is an Officer or Employee of a Legal Entity, the Legal Entity to which the Member belongs) violates any of these Terms of Service, the Company may make a claim to the Member to compensate for the damage, loss, and expenses (including reasonable legal or other professional fees) incurred by the Company directly or indirectly caused by or related to, such violation.
  2. The maximum amount of damages to be paid by the Company to the Member due to any deficiencies or defects, etc. of the System shall not, in any event, exceed the amount of the service fees paid by the Member.

Article 18 (Copyright and Ownership Right, Etc.)

  1. All copyrights or any other intellectual property rights and ownership rights regarding trademarks, logo marks, descriptions, program or other data, etc. concerning the System shall belong to the Company (provided, however, that the foregoing shall not apply to the work relating to the Business Assets posted on the System (the “Member Provided Work”), and the copyright of the Member Provided Work shall belong to the Member or other justifiable right holder). The Member shall not, by itself, or, when the Member is an Officer or Employee of a Legal Entity or is an Intermediary (including the Intermediary to which the Member belongs), have such Legal Entity or the person who entrusted such Intermediary with Intermediating Sale and Purchase use such trademarks, etc. or reprint them in magazines or other websites without the prior express consent of the Company.
  2. The Company may freely use the Member Provided Work, with prior consent thereto by the Member, on the Company Website or in other media, for the purpose of finding purchasers of the Business Assets; and upon such use, the Company may freely duplicate, change or delete, etc. such Member Provided Work. The Member shall not, by itself, or, when the Member is an Officer or Employee of a Legal Entity or is an Intermediary (including the Intermediary to which the Member belongs), have such Legal Entity or the person who entrusted such Intermediary with Intermediating Sale and Purchase exercise the moral rights of authors against the Company’s use, etc. of such Member Provided Work. When such Member Provided Work contains rights of a third party, the Member shall obtain the permission on such use from such third party in advance, and conduct all right processes necessary for such use.
  3. The Member shall guarantee that the Member Provided Work does not infringe upon any intellectual property rights, portrait rights, rights to privacy or any other rights of a third party and that the Member has the authority to give permission to the Company to use the Member Provided Work set forth in the preceding Paragraph.
  4. If the Member violates any of Paragraphs 1 through 3 of this Article, the Company may take the relevant measures under the Copyright Act, the Trademark Act, or any other Laws (e.g., warning, complaint, claim for damages, claim for injunction, claim for measures to restore honor, etc.), or may claim compensation for the damages that the Company incurred due to claims from a third party.

Article 19 (Disclaimer)

  1. The Members agree in advance that the Company shall not bear any liability for damages arising from or in connection with each of the following items:
    1. Any issues arising between the Members;
    2. Any issues arising between a Member and either a holder of Business Assets posted on the System or a person who desires to purchase the Business Assets posted on the System, if the Member is an Officer or Employee of a Legal Entity that desires to conduct Sale and Purchase of Business Assets or is an Intermediary or its Officer or Employee;
    3. Any issues with a third party concerning the matters that the Member describes on the System;
    4. An unintended use or leakage, etc. by a Member (including the Legal Entity to which a Member belongs or the person who entrusted a Member (including the Intermediary to which a Member belongs) with Intermediating Sale and Purchase) of the information that the Member has learnt about based on the use of the System;
    5. The use of the System by a person competing with the Member (including, but not limited to, the case where the Member’s opportunity to conduct Sale and Purchase of the Business Assets decreases for this reason);
    6. The content and quality, etc. of the Business Assets to be posted;
    7. The fact that the information disclosed by the Member was untrue or inaccurate;
    8. A delay in payment of service fees due to defects or issues, etc. with respect to the services provided by each credit card company (including when the System cannot be used for these reasons);
    9. A third party’s unauthorized access to or unauthorized modification of data of a Member or any other acts by a third party;
    10. Any defects and issues, etc. with the services provided by a business partner of the Company;
    11. When the System cannot be used due to defects of the communication devices of the Member;
    12. When the System cannot be used due to excessive access, a failure of communication lines or any other unexpected factors;
    13. When any damage incurs due to a virus infection originating from files, etc. that the Member received or opened at its own responsibility;
    14. When the use of the System is interrupted, delayed or cancelled, etc. due to the failure of a communication line or communication device, etc.;
    15. When the System cannot be used due to the loss of or inability to use the Passwords and Other Information;
    16. Other than the cases stated in the preceding Items, when the System cannot be used due to a cause not attributable to the willful misconduct or gross negligence of the Company;
    17. The completeness, accuracy, recency or safety, etc. of all information, links, etc. to be provided on the Company Website;
    18. The content and use, etc. of a website operated by a third party other than the Company, which links from or to the Company Website;
    19. Any issues arising from the Member’s personal information released on the System;
    20. When the System is not satisfactorily used (including, but not limited to, the following situations);
      1. There are decreased opportunities for Sale and Purchase of Business Assets due to a rapid increase in the number of Members;
      2. The Business Assets that the Member desires are not posted on the System;
      3. Discontinuation of the posting of the Business Assets, suspension of the System pursuant to Article 10 and Article 12 of these Terms of Service;
      4. The negotiations for the Sale and Purchase of Business Assets do not proceed as the Member desires; or
      5. The desired materials, etc. are not disclosed by the counterparty to the negotiations concerning the Sale and Purchase of Business Assets.
    21. Any and all taxes imposed by tax authorities on a Member after the completion of the Sale and Purchase of Business Assets.

Article 20 (Display of Date and Time of System)

  1. All dates and times used in the System shall be based on Japan Standard Time (GMT+9:00).

Article 21 (Amendment to Terms of Service)

  1. The Company may amend these Terms of Service without giving any notice to the Members; provided, however, that if the Members are significantly influenced by the amendment or if the Company recognizes it is necessary, the Company shall notify the Members of the amendment by giving a prior notice to the Members or by posting a notice on the Company Website. The amended Terms of Service shall be notified to the Members by posting them on the Company Website or through an application program and e-mail provided by the Company. The amended Terms of Service shall be effective and applied from the time such notice is given, and the Member shall be deemed to have agreed to the foregoing if the Member continues to use the System after the amendment.

Article 22 (Governing Law and Exclusive Agreed Court of Jurisdiction)

  1. These Terms of Service shall be construed in accordance with the laws of Japan. In addition, with respect to resolution of disputes arising between the Company and the Member from or in connection with the System or these Terms of Service, the Tokyo District Court shall be the exclusive agreed court of jurisdiction in the first instance.

[Contact Information for Inquiries about these Terms of Service and the System]

For inquiries about these Terms of Service or the System, please contact the Company via the inquiry form or by the contact details below.

Address: Pacific Century Place Marunouchi Floor 30, 11-1 Marunouchi 1-Chome, Chiyoda-ku, Tokyo

Company name: BIZIT Inc

E-mail address: bizit_cs@gcakk.com


[Supplementary Provisions]

These Terms of Service shall be effective from 1st January, 2018.

The revised Terms of Service shall be effective from 1st July, 2019.

The revised Terms of Service shall be effective from 24th November, 2020.

The revised Terms of Service shall be effective from 13th September, 2021.

The revised Terms of Service shall be effective from 22th February 2022.

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Confirm the Privacy Policy

BIZIT M&A Global Privacy Policy

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This BIZIT M&A Global privacy policy (hereinafter referred to as “Privacy Policy”) sets forth the basic guidelines concerning personal information (kojin-joho) of BIZIT Inc. (hereinafter referred to as "BIZIT") in respect of the personal information of customers collected and used in connection to the services of “BIZIT M&A” and “BIZIT M&A Referral Program” operated by BIZIT. BIZIT will properly process the personal information of customers in accordance with this Privacy Policy and laws and ordinances regarding the protection of personal information.

■Regarding TRUSTe

BIZIT BIZIT M&A has received certification from the TRUSTe Privacy Program.
TRUSTe is an independent corporation in the US and its purposes are to enhance the confidence of internet users by spreading principles regarding the use, disclosure and provision of personal information and prior consent pertaining to these principals.
By receiving TRUSTe certification and displaying the TRUSTe logo, BIZIT agrees to undergo inspections by TRUSTe regarding the public disclosure of its processing methods of personal information and its policies and practices regarding that processing.

■Obtaining Personal Information

BIZIT obtains the following information regarding customers in cases such as the ones below to the extent necessary for the provision of its services. From among the following information regarding customers, BIZIT will process the information under this Privacy Policy as personal information to the extent that such information falls under personal information in laws applicable to each customer.

  1. In the case of accessing BIZIT’s website or services
    BIZIT’s website automatically obtains and records information on the access histories (access logs) and usage environment (including operating systems and the types of browsers) and the like of customers by using customers’ IP addresses, cookies, and web beacons, etc.
    Please note that access histories (access logs) include information on domain names, IP addresses, the types of browsers or operation systems, access date and time, browsed pages, and the like of customers who accessed the website. Also, if customers register for a service of BIZIT, BIZIT may link information which can identify that specific individual designated in (2) below (such as names, addresses, telephone numbers, and email addresses) with their access history.
  2. In the case of registering with BIZIT’s services
    When customers register with a service of BIZIT, they must register their name, email address, the name of the company the customer belongs to, and identification number (BIZIT ID). When using BIZIT’s services, BIZIT may request customers to provide additional personal information (such as the name of department the customer belongs to or its title, or their driver’s license, passport, business card, employee ID card or insurance card).
  3. In the case of using BIZIT’s services
    If customers pay a service fee to BIZIT when using BIZIT’s services, BIZIT collects personal information such as their name, address, telephone numbers, bank account information, and the like. If the customer is a corporation, BIZIT collects the name, address, telephone number and bank account information of that corporation.
  4. Others
    BIZIT may obtain personal information in connection with other services or websites (if necessary, under applicable laws and ordinances, BIZIT will obtain such personal information after separately notifying the customer).

Please note that BIZIT does not obtain any sensitive customer information such as information concerning customer health, genetic information, sexual orientation, and the like when providing its services.

■Purpose of Use

BIZIT shall only use personal information it obtains from customers through its services for the following purposes of use:

  1. to provide BIZIT’s services (including “BIZIT M&A” and “BIZIT M&A Referral Program”; the same applies hereinafter);
  2. to determine whether or not the relevant person agrees to the registration for BIZIT’s services;
  3. to confirm or notify any information necessary for conducting the matters stated in items (1) and (2) above;
  4. to deliver information concerning BIZIT’s services (such as newsletters, promotional information, event information, and questionnaires), and advertising and other such information sponsored by a business entity other than BIZIT by email, email newsletter, postal mail, or the like;
  5. to report the results, etc. of questionnaires to the customers who participated in such questionnaires by email, email newsletter, postal mail or the like;
  6. to notify customers of information posted on “BIZIT M&A”;
  7. to refund or otherwise process the service fees pursuant to invoices for payment, or delay of payment or overpayment, etc. of the service fees by customers;
  8. to prepare statistical data concerning the use of BIZIT’s services;
  9. to analyze customer trends based on customer access histories (access logs), to enhance and improve BIZIT’s services and business activities, and to research and analyze the development, advertisement, and the like of new products and new services corresponding to customer preferences and tastes;
  10. to confirm the identity of a customer which shall be necessary for responding to the request of the customer for BIZIT to disclose, etc. his or her personal information;
  11. to train operators for customer support;
  12. to communicate or otherwise respond in case of a disaster or other emergency;
  13. to display information registered by customers with BIZIT on data-entry screens in order to assist the customer in inputting data easily, or to forward such information to other services, etc. (including the services provided by BIZIT’s business partners) per the instructions of the customer;
  14. to refuse the use of BIZIT’s services to any customer who (i) violated their agreement with BIZIT (including the Terms of Service) by causing damage to third parties and the like, or (ii) intends to use BIZIT’s services for any unlawful or unjustifiable purpose, or to enforce liability of such customer;
  15. to conduct maintenance, security measures, and the like for BIZIT’s services;
  16. to deliver catalogs, proposal materials, and the like regarding BIZIT’s services to customers;
  17. to improve and develop the services that BIZIT provides;
  18. to notify customers on the latest information and various seminars, exhibitions, and the like of BIZIT;
  19. to respond to customers’ comments and requests;
  20. to request customers to complete questionnaires such as customer satisfaction surveys and the like;
  21. to implement various promotions;
  22. to manage the contractual relationship with customers;
  23. to process disputes, lawsuits, and the like as necessary and to comply with BIZIT’s legal obligations; and
  24. for any other use necessary to accomplish the purposes of use to which the customers agreed and to which BIZIT individually notified them of when the customers provided their personal information..

If it becomes necessary to use personal information for any purpose other than the above, BIZIT shall take procedures necessary under applicable laws and ordinances.

■Legal Basis for Processing

BIZIT will process the personal information of customers in accordance with applicable personal information protection regulations.

Since the personal information the customers provide is necessary for BIZIT to provide its services, customers who do not provide their personal information may be unable to use BIZIT’s services, or may experience other detriments such as a portion of the functions of BIZIT systems working incorrectly.

■Retention Period of Personal Information

BIZIT retains the personal information of customers for the period necessary in order to satisfy the purposes of use of that personal information or for the period necessary to perform its obligations under applicable laws and ordinances, etc. However, BIZIT will promptly delete the information when the information does not need to be retained.

■Acquisition Source of Personal Information

BIZIT acquires the personal information of customers directly from the customer. However, BIZIT may indirectly obtain information regarding customer transaction histories, the types of BIZIT products or services or the like which the customer engages in transactions with, or any other such related transaction information from Houlihan Lokey Inc. or its subsidiaries (hereinafter referred to as the “Houlihan Lokey Group Companies”), and BIZIT may indirectly obtain from business partners and business contractors of the customer corporate information from the company that customer belongs to.

■Provision of Personal Information to Third Parties

BIZIT shall not provide or disclose the personal information it collects to any third party unless the personal information falls under any of the following cases. For joint utilization by BIZIT’s group companies, please refer to “Joint Utilization of Personal Information”.

  1. if the provision or disclosure is pursuant to the demand of a public agency (or government authority, regulatory authority, etc.), warrant, order of the court, investigation by the government, or other legal procedures, or required by laws;
  2. if the provision or disclosure is necessary to protect the life, body, or property of BIZIT or a third person, but is difficult to obtain the consent thereof from the customer;
  3. if the provisions or disclosure of the personal information in accordance with a sale, merger, acquisition, or any other such transfer of all or part of any other such asset (including as part of bankruptcy procedures);
  4. if BIZIT has the consent of the customer for such provision or disclosure; and
  5. if such provision or disclosure is otherwise prescribed by applicable laws and ordinances.

The third parties BIZIT provides the personal information of customers to are as follows. If its necessary to provide the personal information of customers to a third party other than the following, BIZIT will take the legally required measures.

(1)Business subcontractors
Please note that BIZIT may retain a subcontractor to implement part of its services and may engage such subcontractor to the extent necessary to process the personal information. In such case, BIZIT will conduct the appropriate supervision of the contractor in accordance with applicable laws and ordinances and the standards prescribed by BIZIT.

BIZIT may share customer information which is unidentifiable or statistical information without limitation.

■Joint Utilization of Personal Information

BIZIT may jointly utilize the personal information prescribed in item (1) of this section with its group companies prescribed in item (2) of this section only for the purposes prescribed in item (3) of this section.

(1) The categories of personal information which may be jointly utilized with BIZIT’s group companies:
(i) name, address, nationality, date of birth, telephone number, e-mail address, information of the company which the relevant person belongs to, department name, title, information regarding transaction needs (public information and other related personal information) ;
(ii) transaction histories, the types of products or services, etc. of BIZIT which the relevant person engages in transactions with, and other related transaction information;
(iii) information necessary for managing transactions or usage such as control numbers including customer numbers, etc.; and
(iv)information such as access histories (access logs) or service environments (including types of operating systems and browsers) when a customer accesses or uses BIZIT’s website.

(2) The scope of a jointly utilizing person:
Houlihan Lokey Inc. or its subsidiaries (hereinafter referred to as “Houlihan Lokey Group Companies”) and Houlihan Lokey Group Companies, provided that BIZIT may amend the scope of a jointly utilizing person at any time.

(3) The purposes of jointly utilizing:
(i) to operate services which Houlihan Lokey Group Companies provide when the customer uses the services as a member of them;
(ii) to execute transactions with Houlihan Lokey Group Companies;
(iii)to advertise or market Houlihan Lokey Group Companies;
(iv) to respond to inquiries;
(v) to recruit or employ; and
(vi) to perform other services related or incidental to the services stated above.

(4) The name of person who is responsible for the management of personal information:
BIZIT Inc.
For the address and name and the like of the appropriate representative, please refer to the Company Overview page here (https://biz-it.co/).

■Transfer of Personal Information out of Japan

As a result of sharing and disclosures referred to above, the personal information of customers and the like may be transferred to countries or areas where there are no laws and ordinances, etc. regarding the protection of personal information equivalent to those of the countries or areas in which customers live or are located. When transferring the personal information of customers out of Japan, BIZIT will take the appropriate measures in accordance with contents required by the applicable laws and ordinances.

■Customers’ Rights

BIZIT respects the rights customers hold under the personal information protection regulations applicable to them. Customers may demand the disclosure of, correction or addition to or deletion in the content of, stoppage or elimination of usage of, or stoppage of third-party provision of their personal information pursuant to the Act on the Protection of Personal Information of Japan. In addition to these rights, other rights may be granted to customers under the applicable personal information protection regulations of each country.

For example, in accordance with the applicable personal information protection regulations of each country, customers may be granted the following rights, and if the conditions prescribed by such personal information protection regulations are satisfied, BIZIT will comply with the exercising of such rights.

- Customer access to their personal information:
The right of a customer to obtain confirmation from BIZIT on whether personal information regarding the customer is processed, and if it is processed, the right to access their personal information and specific related information.

- Correction of the personal information of a customer:
The right of a customer to modify incorrect personal information regarding themself without unreasonable delay and the right to complete personal information that is incomplete.

- Deletion of the personal information of a customer:
The right of a customer to delete personal information related to themself without unreasonable delay.

- Restriction on the processing of the personal information of a customer:
The right of a customer to restrict the processing of their personal information.

- Filing an objection against the processing of personal information:
The right of a customer to file an objection against the processing of personal information regarding themself which affects their rights.

-Withdrawal of consent:
The right of a customer to withdraw their consent when BIZIT relies on the consent of the customer in order to process the personal information of the customer.

- Data portability:
The right of a customer to receive their personal information in a structured and generally machine-readable form, and the right to transfer the data thereof to other managers without interference from BIZIT.

These rights may be restricted when they infringe on the rights of a third party (including BIZIT’s rights). For example, there are cases where the personal information of another person is made known by satisfying the demand of a customer, or where a customer demands the deletion of information which BIZIT is obligated by law to retain or BIZIT must retain due to a legitimate interest. Related exemptions of application are included in the GDPR and in the data protection laws of each country. BIZIT will notify customers of related exempted matters which BIZIT relies on when responding to inquiries therefrom.

For exercising the foregoing rights, please inquire using the contact information stated at the end of this Privacy Policy. In order to confirm the identity of the Customer, it may be necessary for BIZIT to ask for specific information from the customer. In addition, in order to streamline correspondence from BIZIT, BIZIT may contact the customer to ask for additional information in connection with the inquiry from the customer.

Further, customers may directly file a complaint with the relevant supervisory agency in connection with the processing of the personal information of the customer by BIZIT.

■Use of Cookies

On BIZIT’s website, cookies*, web beacons, and other similar technologies may be used in some contents in order for BIZIT to provide better services to customers when they revisit its website.
* Cookie is a mechanism for storing server information on the computer of a customer who accesses a website. By recording the last day and time the customer visited the website, the number of times the customer visited, the information the customer temporarily entered, and the like, a customer may easily use the website functions they customer selected the last time they visited the website.
For more details, please refer Cookie Policy (https://support.ma.biz-it.co/hc/en-us/articles/360011441473) of BIZIT.

■Links

While there are several links to external websites on BIZIT’s website, BIZIT does not share any personal information with these websites. BIZIT does not manage how external websites maintain personal information, and such websites are outside the scope of this Privacy Policy. BIZIT does not bear any responsibility for the collection of personal information that occurs in connection with the linked websites, so please be sure to refer to the privacy policies of those linked websites.

■Security

BIZIT uses a server protected with special encrypted communication technology and security systems to manage the important personal information of customers that they registered on the BIZIT website, and BIZIT makes every effort to prevent unauthorized external access to the personal information and the divulgence of the personal information. In addition, BIZIT strives to strengthen its management structure for the personal information by conducting internal seminars and taking part in external seminars and the like on personal information protection. For other safety management measures, please inquire using the contact information stated at the end of this Privacy Policy.

If a breach of personal information that is likely to result in a high risk to the rights and freedoms of customer occurs, BIZIT will immediately inform the administrative authority that has jurisdiction over the protection of personal information.

■BIZIT’s Policies regarding Minors

In principle, BIZIT does not obtain the personal information of minors who are under the age of 16. BIZIT will take the measures required by applicable laws and ordinances if BIZIT needs to obtain the personal information of minors who are under the age of 16. We ask that the legal guardian of a minor under the age of 16, not the minor themself, to please, without fail, confirm and consent to the content of this Privacy Policy before such minor uses BIZIT’s services.

■Changes to this Privacy Policy

Though BIZIT may change this Privacy Policy in accordance with amendments of related laws and ordinances or changes in BIZIT’s policies, BIZIT will inform customers in advance of these changes in policy (if there is any method for informing customers of such changes required by the applicable laws and ordinances, BIZIT will inform customers in accordance with that method). If there are necessary procedures under applicable personal information protection regulations, BIZIT will implement such procedures.

■Contact Information for this Privacy Policy

Please contact BIZIT by using the contact form or the following window if customers have any inquiry relating to this Privacy Policy or the processing of personal information.

[Address]
Pacific Century Place Marunouchi 30F, Marunouchi 1-11-1, Chiyoda, Tokyo

[Company Name]
BIZIT Inc.

[Email Address]
bizit_cs@gcakk.com

For the name and the like of the appropriate representative, please refer to the Company Overview page here (https://biz-it.co/).

■Others

BIZIT may process differently from above in accordance with GDPR or any other laws and ordinances.
If BIZIT’s response is unsatisfactory for you, please contact TRUSTe (https://www.truste.or.jp/hssl/watchdog/). In this case, TRUSTe will help to resolve your inquiries.

(Last updated on 2022 February 22)