Deposit Agreement
(American Depositary Receipts)

Summary

This deposit agreement template sets forth the rights of owners and beneficial owners of American Depositary Receipts (ADRs) and the rights and duties of the Depositary in respect of the shares underlying the ADRs and any and all other securities, property and cash from time to time received in respect of such shares. This template includes practical guidance and drafting notes. For more information on establishing ADR programs and conducting ADR offerings, see ADR Offerings. For a discussion of the rules and regulations governing foreign private issuers, see Exchange Act Registration and Reporting for Foreign Private Issuers.