Allocation and Delivery of Shares. Each International Underwriter authorizes the Global Coordinator to allocate for sale and to deliver to banks, brokers, dealers and financial institutions selected by the Global Coordinator (collectively, “dealers”), which may include any of the International Underwriters, such number as the Global Coordinator may determine of International Offer Shares which such International Underwriter agrees to purchase under the International Underwriting Agreement. Such allocations shall be made for the respective accounts of the International Underwriters in such proportions as the Global Coordinator may determine. Such allocations shall be made at the Offer Price (plus applicable Brokerage, Transaction Levy and Trading Fee) less all or any part of the selling concession to dealers (if any) as the Global Coordinator may determine. Each International Underwriter authorizes the Global Coordinator, on its behalf and as its representative, to take all such actions as the Global Coordinator may deem advisable in respect of all matters pertaining to allocations of International Offer Shares pursuant to this Section 3.4.
