0001019155-06-000070 Sample Contracts

AND OWNERS AND HOLDERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of _________________, 2006
Deposit Agreement • May 19th, 2006 • Nippon Yusen Kabushiki Kaisha • New York

DEPOSIT AGREEMENT dated as of _______________, 2006, among NIPPON YUSEN KABUSHIKI KAISHA, incorporated under the laws of Japan (herein called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and holders from time to time of American Depositary Receipts issued hereunder.

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