Common use of Issue of ADRs Clause in Contracts

Issue of ADRs. After any deposit of Shares or rights to receive Shares in accordance with Section 3(a), together with any other documents required by the Depositary in accordance with this Agreement, the Custodian shall as promptly as practicable notify the Depositary of such deposit and of the informa­tion contained in any Delivery Order. Such notice shall be given in writing, either by letter, airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Agreement including the payment of the fees of the Depositary for the execution and delivery of such Receipt or Receipts as provided in paragraph (9) of the Form of ADR and the payment of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited Securities, shall as promptly as practicable execute and deliver at the Depositary's Corporate Trust Office, to or upon the order of the person named in such notice, ADRs registered as requested and evidencing the aggregate number of ADSs to which such person is entitled. ADRs shall be issued only in denomina­tions of any whole numbers of ADSs. At the request, risk and expense of the person depositing Shares or rights, the Depositary may deliver ADRs at a place other than the Depositary's Corporate Trust Office. ADRs may be issued by the Depositary only under the circumstances expressly contemplated in this Agreement.

Issue of ADRs. After any deposit of Shares or rights to receive Shares in accordance with Section 3(a), together with any other documents required by the Depositary in accordance with this Agreement, the Custodian shall as promptly as practicable notify the Depositary of such deposit and of the informa­tion information contained in any Delivery Order. Such notice shall be given in writing, either by letter, airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Agreement including the payment of the fees of the Depositary for the execution and delivery of such Receipt or Receipts as provided in paragraph (9) of the Form of ADR and the payment of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited SecuritiesAgreement, shall as promptly as practicable execute issue and deliver at the Depositary's Corporate Trust ’s Office, to or upon the order of the person named in such notice, ADRs a Direct Registration ADR or, if specifically requested by the depositor or the person to whom ADSs are issuable hereunder or if a Direct Registration ADR is not permissible within the facilities of DTC, a certificated ADR, in either case, registered as requested and evidencing the aggregate number of ADSs to which such person is entitled. ADRs shall be issued only in denomina­tions denominations of any whole numbers of ADSs. At the request, risk and expense of the person depositing Shares or rights, the Depositary may deliver ADRs at a place other than the Depositary's Corporate Trust ’s Office. ADRs may be issued by the Depositary only under the circumstances expressly contemplated in this Agreement. The Company and the Depositary shall work together to ensure that a sufficient number of ADSs are registered with the U.S. Securities and Exchange Commission so as to enable the Depositary to issue ADSs hereunder.

Issue of ADRs. After any deposit of Shares or rights to receive Shares in accordance with Section 3(a), together with any other documents required by the Depositary in accordance with this Agreement, the Custodian shall as promptly as practicable notify the Depositary of such deposit and of the informa­tion information contained in any Delivery Order. Such notice shall be given in writing, either by letter, airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by SWIFT, cable, telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Agreement including the payment of the fees of the Depositary for the execution and delivery of such Receipt or Receipts as provided in paragraph (9) of the Form of ADR and the payment of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited SecuritiesAgreement, shall as promptly as practicable execute issue and deliver at the Depositary's Corporate Trust Office, to or upon the order of the person named in such notice, ADRs a Direct Registration ADR or, if specifically requested by the depositor or the person to whom ADSs are issuable hereunder or if a Direct Registration ADR is not permissible within the facilities of DTC, a certificated ADR, in either case, registered as requested and evidencing the aggregate number of ADSs to which such person is entitled. ADRs shall be issued only in denomina­tions denominations of any whole numbers of ADSs. At the request, risk and expense of the person depositing Shares or rights, the Depositary may deliver ADRs at a place other than the Depositary's Corporate Trust Office. ADRs may be issued by the Depositary only under the circumstances expressly contemplated in this Agreement.

Issue of ADRs. After any deposit of Shares or rights to receive Shares in accordance with Section 3(a), together with any other documents required by the Depositary in accordance with this Agreement, the Custodian shall as promptly as practicable notify the Depositary of such deposit and of the informa­tion information contained in any Delivery Order. Such notice shall be given in writing, either by letter, airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Agreement Agreement, including the payment of the fees of the Depositary for the execution and delivery of such Receipt or Receipts as provided in paragraph (9) of the Form of ADR and the payment of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited Securitiesdeposit, shall as promptly as practicable execute and deliver at the Depositary's Corporate Trust Depositarys Office, to or upon the order of the person named in such notice, ADRs registered as requested and evidencing the aggregate number of ADSs to which such person is entitled. ADRs shall be issued only in denomina­tions denominations of any whole numbers of ADSs. At the request, risk and expense of the person depositing Shares or rights, the Depositary may deliver ADRs at a place other than the Depositary's Corporate Trust Depositarys Office. ADRs may be issued by the Depositary only under the circumstances expressly contemplated in this Agreement.

Issue of ADRs. After any deposit of Shares or rights to receive Shares in accordance with Section 3(a), together with any other documents required by the Depositary in accordance with this Agreement, the Custodian shall as promptly as practicable notify the Depositary of such deposit and of the informa­tion information contained in any Delivery Order. Such notice shall be given in writing, either by letter, airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Agreement including the payment of the fees of the Depositary for the execution and delivery of such Receipt ADR or Receipts ADRs as provided in paragraph (9) of the Form of ADR and the payment of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited Securities, shall as promptly as practicable execute and deliver at the Depositary's Corporate Trust Office, to or upon the order of the person named in such notice, ADRs registered as a Direct Registration ADR or, if specifically requested and or if a Direct Registration ADR is not permissible within the facilities of DTC, a certificated ADR, in either case evidencing the aggregate number of ADSs to which such person is entitled. ADRs shall be issued only in denomina­tions denominations of any whole numbers of ADSs. At the request, risk and expense of the person depositing Shares or rights, the Depositary may deliver ADRs at a place other than the Depositary's Corporate Trust Office. ADRs may be issued by the Depositary only under the circumstances expressly contemplated in this Agreement.

Issue of ADRs. After any deposit of Shares or rights to receive Shares in accordance with Section 3(a), together with any other documents required by the Depositary in accordance with this Agreement, the Custodian shall as promptly as practicable notify the Depositary of such deposit and of the informa­tion information contained in any Delivery Order. Such notice shall be given in writing, either by letter, airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Agreement Agreement, including the payment of the fees of the Depositary for the execution and delivery of such Receipt or Receipts as provided in paragraph (9) of the Form of ADR and the payment of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited Securitiesdeposit, shall as promptly as practicable execute and deliver at the Depositary's Corporate Trust Office, to or upon the order of the person named in such notice, ADRs registered as requested and evidencing the aggregate number of ADSs to which such person is entitled. ADRs shall be issued only in denomina­tions denominations of any whole numbers of ADSs. At the request, risk and expense of the person depositing Shares or rights, the Depositary may deliver ADRs at a place other than the Depositary's Corporate Trust Office. ADRs may be issued by the Depositary only under the circumstances expressly contemplated in this Agreement.