0001019155-11-000152 Sample Contracts

AND OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES Deposit Agreement Dated as of ___________, 2011
Deposit Agreement • March 22nd, 2011 • Bank of New York / Adr Division • American depositary receipts • New York

DEPOSIT AGREEMENT dated as of __________, 2011 among SEQUANS COMMUNICATIONS S.A., a société anonyme incorporated under the laws of The Republic of France (herein called the Company), THE BANK OF NEW YORK MELLON, a New York banking corporation (herein called the Depositary), and all Owners (as hereinafter defined) and Holders (as hereinafter defined) from time to time of American Depositary Shares issued hereunder.

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