DEPOSIT AGREEMENTDeposit Agreement • January 26th, 2010 • Deutsche Bank Trust Co Americas/ ADR Group • New York
Contract Type FiledJanuary 26th, 2010 Company JurisdictionDEPOSIT AGREEMENT (this “Deposit Agreement”), dated as of January , 2010, by and among (i) Daiwa Securities Group Inc., a company incorporated under the laws of Japan, and its successors (the "Company"), (ii) Deutsche Bank Trust Company Americas, an indirect wholly owned subsidiary of Deutsche Bank A.G., acting in its capacity as depositary, and any successor depositary hereunder (the "Depositary"), and (iii) all Holders and Beneficial Owners of American Depositary Shares evidenced by American Depositary Receipts issued hereunder (all such capitalized terms as hereinafter defined).