MORGAN STANLEY, THE BANK OF NEW YORK MELLON AND THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN DEPOSIT AGREEMENT Dated as of January , 2017Deposit Agreement • January 30th, 2017 • Morgan Stanley • Security brokers, dealers & flotation companies • New York
DEPOSIT AGREEMENT dated as of January , 2017, among MORGAN STANLEY, a Delaware corporation, THE BANK OF NEW YORK MELLON, a New York banking corporation, and the holders from time to time of the Receipts described herein.
