Hong Kong Public Offering Underwriting Commitment. Each of the Hong Kong Underwriters agrees with the other Hong Kong Underwriters severally (and not jointly or jointly and severally) that it accepts its Hong Kong Public Offering Underwriting Commitment (subject to any reallocation and adjustment as referred to in this Agreement and/or the Hong Kong Underwriting Agreement) and confirms it will execute, or ratify (as the case may be) the execution of, the Hong Kong Underwriting Agreement (with such variations as the Global Coordinator shall in its sole judgment consider not to have a material adverse effect upon the interests of such Hong Kong Underwriter) and put in place the necessary arrangements for doing so.