DEPOSIT AGREEMENT by and among RYB EDUCATION, INC. and CITIBANK, N.A., as Depositary, and THE HOLDERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY SHARES ISSUED HEREUNDER Dated as of September 26, 2017Deposit Agreement • March 23rd, 2018 • RYB Education, Inc. • Services-educational services • New York
DEPOSIT AGREEMENT, dated as of September 26, 2017, by and among (i) RYB EDUCATION, INC., an exempted company with limited liability organized under the laws of the Cayman Islands, and its successors (the “Company”), (ii) CITIBANK, N.A., a national banking association organized under the laws of the United States of America (“Citibank”) acting in its capacity as depositary, and any successor depositary hereunder (Citibank in such capacity, the “Depositary”), and (iii) all Holders and Beneficial Owners of American Depositary Shares issued hereunder (all such capitalized terms as hereinafter defined).
