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THE RELEASE OF THE SHARES OF STOCK OF NEC ELECTRONICS CORP. UNDERLYING THE
ADSs REPRESENTED BY THIS ADR MAY BE LIMITED TO A UNIT OF SUCH NUMBER OF
SHARES OF STOCK AS THE ARTICLES OF INCORPORATION MAY FROM TIME TO TIME
DESIGNATE AS A "UNIT OF SHARES" OR INTEGRAL
MULTIPLES THEREOF.
Number
Each American
Depositary Share represents
One-half of one Share
JPMORGAN CHASE BANK
AMERICAN DEPOSITARY RECEIPT
EVIDENCING
AMERICAN DEPOSITARY SHARES
FOR SHARES OF COMMON STOCK OF
NEC ELECTRONICS CORP.
(INCORPORATED UNDER THE LAWS OF JAPAN)
JPMorgan Chase Bank, as Depositary (hereinafter referred to as
the Depositary), hereby certifies that (i) at the date hereof there have been
deposited with the Depositary or its agent, nominee, custodian or correspondent
the Shares described above or evidence of the right to receive such Shares; (ii)
at the date hereof each American Depositary Share evidenced by this Receipt
represents the amount of such securities shown above and deposited or deemed to
be deposited hereunder as provided in clause (i) above or Article 7 of this
Receipt, as the case may be, (iii) from time to time hereafter, each American
Depositary Share evidenced by this Receipt shall represent such number of Shares
and any and all other shares, stock, securities, cash and/or other property held
by the Depositary in place thereof or in addition thereto (collectively, the
"Deposited Securities") as provided herein and (iv) or registered
assigns IS THE HOLDER OF AMERICAN DEPOSITARY SHARES evidenced by this Receipt
and, except as otherwise herein expressly provided, is entitled, upon surrender
at the office of the Depositary (the "Depositary's Office"), of this Receipt
duly endorsed for transfer, upon payment of the fees and charges as provided
on the reverse of this Receipt and in compliance with applicable laws and
governmental regulations, at the Holder's option (1) to delivery at the office
of the agent, nominee, custodian or correspondent of the Depositary, to a
person specified by the Holder, of the amount of Deposited Securities
represented hereby or evidence of the right to receive the same, or (2) to ha
ve such Deposited Securities forwarded at such Holder's cost and risk to him
at the Depositary's Office.
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The term "Beneficial Owner" shall mean any person who has a
beneficial interest in any American Depositary Share evidenced by this Receipt.
The term "Holder" shall mean the person or persons in whose name this Receipt is
registered upon the books of the Depositary from time to time. The term
"Securities Act of 1933" shall mean the United States Securities Act of 1933, as
amended from time to time. The term "Shares" shall mean shares of common stock
of NEC Electronics Corp., heretofore validly issued and outstanding and fully
paid, nonassessable and free of any pre-emptive rights of the holders of
outstanding Shares or hereafter validly issued and outstanding and fully paid,
nonassessable and free of any pre-emptive rights of the holders of outstanding
Shares or interim certificates representing such Shares.
1. Receipts. This Receipt is one of a continuing issue of Receipts, all
evidencing rights of like tenor with respect to the Deposited Securities, and
all issued or to be issued upon the terms and conditions provided herein, which
shall govern the continuing arrangement by the Depositary with respect to
initial deposits as well as the rights of Holders and Beneficial Owners of
Receipts subsequent to such deposits. The Depositary will not knowingly accept
for deposit any Shares required to be registered under the provisions of the
Securities Act of 1933 unless a registration statement is in effect as to such
Shares. The Depositary assumes no liability with respect to the validity or
worth of the Deposited Securities.
2. Withdrawal of Deposited Securities. The surrender of outstanding
Receipts and the withdrawal of Deposited Securities may only be suspended for
(i) temporary delays caused by closing the transfer books of the Depositary or
the issuer of the Deposited Securities or the deposit of Shares in connection
with voting at a shareholders' meeting or the payment of dividends, (ii) the
payment of fees, taxes and similar charges, (iii) compliance with any U.S. or
foreign laws or governmental regulations relating to the Receipts or to the
withdrawal of the Deposited Securities, or (iv) any other reason that may at any
time be specified in paragraph I(A)(1) of the General Instructions to Form F-6,
as from time to time in effect, or any successor provision thereto.
3. Transfer of Receipts; Combination and Split-up of Receipts. Until
the surrender of this Receipt in accordance with the terms hereof, the
Depositary will keep at a designated transfer office in the Borough of
Manhattan, The City of New York, (a) a register for the registration and
registration of transfers of Receipts and where the Holders of Receipts may,
during regular business hours, inspect the transfer books or the list of Holders
of Receipts as maintained by the Depositary. The transfer of this Receipt is
registrable on the transfer books of the Depositary at the Depositary's Office
in the City of New York by the Holder hereof in person or by duly authorized
attorney, upon surrender of this Receipt properly endorsed for transfer or
accompanied by proper instruments of transfer and payment of funds sufficient to
pay the fees and expenses of the Depositary and any applicable taxes and other
governmental charges and upon compliance with such regulations, if any, as the
Depositary may establish for such purpose. This Receipt may be split into other
such Receipts, or may be combined with other such Receipts into one Receipt,
representing the same aggregate number of Deposited Securities as were
represented by the American Depositary Shares evidenced by the Receipt or
Receipts surrendered. Upon such split or combination not involving a transfer, a
charge may be made as provided herein. The Depositary may close the transfer
books at
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any time or from time to time when deemed expedient by it in connection with the
performance of its duties hereunder, subject to the provisions of Article 2
hereof.
4. Proof of Citizenship or Residence. The Depositary may require any
Holder or Beneficial Owner of Receipts, or any person presenting securities for
deposit against the issuance of Receipts, from time to time, to file such proof
of citizenship or residence and to furnish such other information, by affidavit
or otherwise, and to execute such certificates and other instruments as may be
necessary or proper to comply with any laws or regulations relating to the
issuance or transfer of Receipts, the receipt or distribution of dividends or
other property, or the taxation thereof or of Receipts or Deposited Securities,
and the Depositary may withhold the issuance or registration of transfer of any
Receipt or payment of such dividends or delivery of such property from any
Holder, Beneficial Owner or other person, as the case may be, who shall fail to
file such proofs, certificates or other instruments.
5. Transferability and Record Ownership. It is a condition of this
Receipt, and every successive Holder and Beneficial Owner of this Receipt by
accepting or holding the same consents and agrees, that title to this Receipt,
when properly endorsed or accompanied by proper instrument of transfer, is
transferable by delivery with the same effect as in the case of a negotiable
instrument; provided, however, that prior to the due presentation of this
Receipt for registration of transfer as provided in Article 3 hereof, and
subject to the provisions of Article 14 hereof, the Depositary, notwithstanding
any notice to the contrary, may treat the person in whose name this Receipt is
registered on the books of the Depositary as the absolute owner hereof for the
purpose of determining the persons entitled to dividends or other distributions
or to any notice pursuant to the terms hereof and for all other purposes.
6. Limitations on Execution and Delivery, Transfer and Surrender of
Receipts. Subject to the provisions of Article 2 hereof, the delivery of
Receipts against deposits of Shares generally or against deposits of particular
Shares may be suspended, or the registration of transfer of Receipts in
particular instances may be refused, or registration of transfer of outstanding
Receipts or the combination or split-up of Receipts generally may be suspended,
during any period when the transfer books of the Depositary are closed, or if
any such action is deemed necessary or advisable by the Depositary at any time
or from time to time because of any requirement of law or of any government or
governmental body or commission, or under any provision of this Receipt, or for
any other reason.
7. Pre-Release of Receipts. Notwithstanding any other provision of this
Receipt, the Depositary may execute and deliver Receipts prior to the receipt of
Shares (each such transaction hereinafter referred to as a "Pre-Release"). The
Depositary may deliver Deposited Securities upon the receipt and cancellation of
Receipts which have been pre-released, whether or not such cancellation is prior
to the termination of such Pre-Release or the Depositary knows that such Receipt
has been pre-released. The Depositary may receive Receipts issued by the
Depositary in lieu of Shares in satisfaction of a Pre-Release. Each Pre-Release
will be (a) preceded or accompanied by a written representation from the person
to whom the Receipts are to be delivered that such person,
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or its customer, owns the Shares or Receipts to be delivered in satisfaction of
a Pre-Release, as the case may be, (b) at all times fully collateralized with
cash or such other collateral as the Depositary deems appropriate, (c)
terminable by the Depositary on not more than five (5) business days' notice and
(d) subject to such further indemnities and credit regulations as the Depositary
deems appropriate. The number of American Depositary Shares which is outstanding
at any time as a result of Pre-Releases will not normally exceed thirty percent
(30%) of the Shares deposited in accordance with the terms of Receipts;
provided, however, that the Depositary reserves the right to change or disregard
such limit from time to time as it deems appropriate. The Depositary may retain
for its own account any compensation earned or received by it in connection with
the foregoing.
8. Liability of Holder for Taxes. The Depositary shall not be liable
for any governmental taxes, assessments or charges or corporate assessments or
charges which may become payable in respect of the Deposited Securities or
Receipts, but a ratable part of any and all of the same, whether such tax,
assessment or charge becomes payable by reason of any present or future tax,
statute, charter provision, by-law, regulation or otherwise, shall be payable by
the Holder of this Receipt to the Depositary at any time upon request. Upon the
failure of the Holder of this Receipt to pay any such amount, the Depositary may
withhold dividends or other distributions, or may sell for the account of such
Holder all or any part of the Deposited Securities represented by the American
Depositary Shares evidenced by this Receipt, and may apply such dividends or
other distributions or the proceeds of any such sale in payment of such tax,
assessment or charge, and the Holder hereof shall remain liable for any
deficiency. If the Depositary determines that any distribution in property other
than cash on deposited shares is subject to any tax that the Depositary or the
Custodian is obligated to withhold, the Depositary may dispose of all or a
portion of such property in such amounts and in such manner as the Depositary
deems necessary and practicable to pay such taxes, by public or private sale,
and the Depositary shall distribute the net proceeds of any such sale or the
balance of any such property after deduction of such taxes to the Holders
entitled thereto.
9. Representations and Warranties. Every person presenting Shares for
deposit shall be deemed thereby to represent and warrant that such Shares and,
if applicable, each certificate therefor, are validly issued, fully paid,
nonassessable and free of any pre-emptive rights and that the person making such
deposit is duly authorized so to do. Each such person shall also be deemed to
represent that the Shares would not be required to be registered under the
Securities Act of 1933 in connection with the offer or sale thereof in the
United States. Such representations and warranties shall survive the deposit of
such securities and the issuance of Receipts.
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10. Further Conditions. This Receipt is issued subject, and all rights
of the Holder and Beneficial Owner hereof are expressly subject, to the terms
and conditions set forth on both sides of this Receipt, all of which form a part
of the agreement evidenced in this Receipt and to all of which the Holder and
Beneficial Owner hereof by accepting this Receipt consent and agree.
JPMorgan Chase Bank, as Depositary
By:
-------------------------------------
Attest:
The Depositary's Office is currently located at 1 Chase Manhattan
Plaza, New York, New York 10081.
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(REVERSE OF RECEIPT)
11. Available Information. The issuer of the Shares currently furnishes
the Securities and Exchange Commission (hereinafter referred to as the
"Commission") with certain public reports and documents required by foreign law
or otherwise pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934. Should such issuer become subject to the periodic reporting or other
informational requirements under the Securities Exchange Act of 1934, it will be
required in accordance therewith to file reports and other information with the
Commission. All such reports and documents are available for inspection and
copying by Holders at the public reference facility maintained by the Commission
located at 450 Fifth Street, N.W. in Washington, D.C., 20549.
12. Notices; Voting Rights. The Depositary shall be under no obligation
to give notice to the Holder or any Beneficial Owner of this Receipt of any
meeting of shareholders or of any report of or communication from the issuer of
Deposited Securities (hereinafter referred to as the "Issuer") or of any other
matter concerning the affairs of such Issuer, except as herein expressly
provided. The Depositary undertakes to make available for inspection by Holders
of the Receipts at the Depositary's Office any reports and communications
received by the Depositary or any agent, nominee, custodian or correspondent of
the Depositary from the Issuer which were both (a) received by the Depositary as
the holder of the Deposited Securities and (b) made generally available to the
holders of such Deposited Securities by the Issuer. Such reports and
communications will be available in the language in which they were received by
the Depositary from the Issuer, except to the extent, if any, that the
Depositary in its sole discretion elects both (i) to translate into English any
of such reports or communications that were not in English when received by the
Depositary and (ii) to make any such translation available for such inspection
by Holders of the Receipts. The Depositary has no obligation of any kind to
translate any of such reports or communications or to make any such translation
available for inspection. The Depositary shall not incur any liability to any
Holder or Beneficial Owner by reason of any such translation provided by the
Depositary, whether or not such translation was prepared by the Depositary.
Upon the written request of the Holder hereof and the payment
to it of any expenses and costs involved, the Depositary will endeavor insofar
as practicable to exercise any then existing voting rights with respect to an
amount of the deposited shares represented hereby in accordance with such
request.
13. Distributions. Until the termination of the agreement evidenced in
this Receipt in accordance with the terms hereof, the Depositary shall
distribute or otherwise make available to the Holder hereof, at a time and in
such manner as it shall determine, any cash dividend, other cash distribution,
distribution of shares, subscription or other rights, or any other distribution
with respect to the amount of Deposited Securities represented by the American
Depositary Shares evidenced hereby, after deduction, or upon payment of the fees
and expenses of the Depositary described in Article 20 below, and the
withholding of any taxes in respect thereof; provided, however, that the
Depositary shall not make any distribution which in the opinion of counsel may
violate the Securities Act of 1933 or any other applicable law, and, in such
cases, the Depositary may sell such shares, subscription or other rights,
securities or other property. In the event that the Depositary elects not to
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make any such distribution it will notify Holders of the disposition thereof and
the proceeds of such sales. Any dividend or other distribution received by the
Depositary in cash in a currency other than U.S. dollars shall, subject to the
provisions of the following paragraph, be converted into U.S. dollars and
distributed as herein provided in U.S. dollars. In lieu of distributing
fractional shares, the Depositary may, in its discretion, sell the amount of
securities or property equal to the aggregate of any fractional shares. The
Depositary shall have discretion as to the procedure to be followed in making
subscription or other rights available to any Holder or in disposing of such
rights on behalf of any Holder and making the net proceeds available to such
Holder, provided that if by the terms of such rights offering or for any other
reason it would be unlawful for the Depositary either to make such rights
available to any Holder or dispose of such rights and make the net proceeds from
the sale of such rights available to such Holder, then the Depositary may allow
such rights to lapse. Sales of subscription or other rights, securities or other
property by the Depositary may be made at such time and in such manner as the
Depositary may deem advisable, and in such case, the Depositary shall distribute
to the Holder hereof the net proceeds after deduction of the fees and expenses
of the Depositary described in Article 20 below and any applicable withholding
taxes or other governmental charges in respect thereof.
If the Depositary shall determine in its sole judgment that any
cash distribution is not convertible in its entirety or with respect to the
Holders of a portion of the Receipts on a reasonable basis into U.S. dollars
available to it in the City of New York, or if any required approval or license
of any government or agency for such conversion is denied or is not obtainable
within a reasonable period, the Depositary may in its discretion make such
conversion and distribution in U.S. dollars to the extent possible to the
Holders entitled thereto, at such time and rates of conversion as the Depositary
shall deem appropriate, and shall with respect to any such currency not
converted or convertible either (i) distribute such currency to the Holders
entitled thereto or (ii) hold such currency for the respective accounts of such
Holders and distribute appropriate warrants or other instruments evidencing
rights to receive such foreign currency.
14. Record Dates. Whenever any cash dividend or other cash distribution
shall become payable or any distribution other than cash shall be made, or
whenever rights shall be issued, with respect to Deposited Securities, or
whenever the Depositary shall receive notice of any meeting of holders of Shares
or other Deposited Securities, or whenever it is necessary in the judgment of
the Depositary to determine the Holders of Receipts, the Depositary will fix a
record date for the determination of the Holders generally or the Holders of
Receipts who shall be entitled to receive such dividend, distribution or rights,
or the net proceeds of the sale thereof, or to give instructions for the
exercise of voting rights at any such meeting. Surrender of this Receipt for
registration of transfer subsequent to any such record date and prior to the
date of payment, distribution or meeting shall not affect the right of the
Holder hereof on such record date to receive such payment or distribution or,
subject to Article 12 hereof, to direct the manner of voting the Deposited
Securities represented hereby.
15. Forwarding and Delivery of Deposited Securities. At any time the
Depositary may, in its sole discretion, cause any or all Deposited Securities to
be forwarded at the cost and risk of the Holders of the Receipts to the
Depositary's Office or to any agent, nominee, custodian or
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correspondent of the Depositary, to be held by the Depositary, or such agent,
nominee, custodian or correspondent, in which case the Holder hereof shall have,
in lieu of the option set forth in clauses (1) and (2) of the first paragraph on
the face hereof, the right (i) to receive at no additional cost at the
Depositary's Office or the office of such agent, nominee, custodian or
correspondent, as the case may be, or (ii) to have forwarded, at the cost and
risk of such Holder, to or upon the order of such Holder at the address
designated by such Holder to the Depositary in writing, such amount of Deposited
Securities as are represented hereby upon the surrender of this Receipt properly
endorsed or accompanied by proper instruments of transfer and upon payment of
the applicable fees, taxes and charges. The Depositary shall not incur any
liability to any Holder or Beneficial Owner of this Receipt by reason of any
such forwarding or failure to forward any or all Deposited Securities.
16. Changes Affecting Deposited Securities. Upon (i) any change in
nominal or par value, or any split-up, combination or any other
reclassification, of any Deposited Securities, or (ii) any recapitalization,
reorganization, sale of assets, liquidation, receivership, bankruptcy, merger or
consolidation affecting the Issuer or to which it is a party, then and in any
such case the Depositary shall have the right to exchange or surrender such
Deposited Securities and accept and hold hereunder in lieu thereof other shares,
securities, cash or property to be issued or delivered in lieu of or in exchange
for, or distributed or paid with respect to, such Deposited Securities. Upon any
such exchange or surrender, the Depositary shall have the right, in its
discretion, to call for surrender of this Receipt in exchange (upon payment of
fees and expenses of the Depositary and any applicable taxes and governmental or
other charges) for one or more new Receipts of the same form and tenor as this
Receipt, specifically describing such new shares, securities, cash or other
property. In any such case the Depositary shall have the right to fix a date
after which this Receipt shall only entitle the Holder to receive such new
Receipt or Receipts.
If any of the Deposited Securities are redeemable, the Depositary
shall have the rights set forth in the preceding paragraph. The Depositary shall
mail notice of any redemption of Deposited Securities to the Holders of
Receipts, provided that in the case of any redemption of less than all of the
Deposited Securities, the Depositary shall draw in such manner as it shall
determine an equivalent number of American Depositary Shares and shall mail
notice of redemption only to the Holders of Receipts evidencing the American
Depositary Shares so drawn for redemption, in whole or in part. The sole right
of the Holders of Receipts evidencing American Depositary Shares designated for
redemption after the mailing of any such notice of redemption shall be to
receive the cash, rights and/or other property applicable to the same, upon
surrender to the Depositary (and upon payment of the fees and expenses of the
Depositary and any applicable taxes and governmental or other charges) of the
Receipts evidencing such American Depositary Shares.
17. Liability of the Depositary. The Depositary assumes no obligation
and shall not incur any liability to any Holder or Beneficial Owner of this
Receipt (including, without limitation, liability with respect to the validity
or worth of the Deposited Securities and with respect to the time and rates for
conversion of any foreign currency into U.S. dollars) except that it agrees to
perform its obligations specifically set forth in this Receipt without gross
negligence or bad faith. In addition, the Depositary shall not incur any
liability to any Holder or Beneficial Owner of this Receipt if, by reason of any
provisions of any present or future law, rule or regulation of the United States
of
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America, or of any state thereof, or of any foreign country, or political
subdivision thereof or of any governmental entity or regulatory authority or
stock exchange, or by reason of any provision, present or future, of the charter
or certificate of incorporation, memorandum or articles of association,
statutes, code of regulations, by-laws or resolutions of the Issuer, the
Depositary shall be prevented or forbidden from or subjected to any civil or
criminal penalty or extraordinary expenses on account of doing or performing any
act or thing which by the terms hereof shall be done or performed; nor shall the
Depositary incur any liability to any Holder or Beneficial Owner hereof by
reason of any delay in the performance or non-performance of any act or thing
which by the terms hereof shall be done or performed, caused as aforesaid or
arising out of any act of God or war or any other circumstances beyond its
control, or by reason of any exercise of, or failure to exercise, any discretion
provided for herein. In no event shall the Depositary or any of its agents be
liable for any indirect, special, punitive or consequential damages.
The Depositary shall not be responsible for any failure to carry
out any requests to vote or for the manner or effect of any vote made either
with or without request, or for not exercising any right to vote. The Depositary
shall be under no obligation to appear in, prosecute or defend any action, suit
or other proceeding in respect of any of the Deposited Securities or in respect
of the Receipts which in its opinion may involve it in expense or liability,
unless indemnity satisfactory to it against all expenses and liability be
furnished as often as may be required. The Depositary shall not incur any
liability to any Holder or Beneficial Owner of a Receipt for any action or
inaction by it in reliance upon the advice of or information from legal counsel,
accountants, any person presenting Shares for deposit, any Holder or Beneficial
Owner or any other person believed by it to be competent to give such advice or
information. The Depositary and any of its affiliates may each become the
owner of and deal in securities of any class of the Issuer and in Receipts.
The issuer of the Receipts is deemed to be the legal entity
resulting from the agreement evidenced in this Receipt.
18. Amendment of Receipts. The form of the Receipts may at any time and
from time to time be amended by the Depositary in any respect which it may deem
necessary or desirable. Any amendment which shall prejudice any substantial
existing right of Holders shall not become effective as to outstanding Receipts
until the expiration of thirty (30) days after notice of such amendment shall
have been given to the Holders of outstanding Receipts; provided, however, that
such thirty (30) days' notice shall in no event be required with respect to any
amendment which shall impose or increase any taxes or other governmental
charges, registration fees, cable, telex or facsimile transmission costs,
delivery costs or other such expenses. Every Holder of a Receipt at the time any
amendment so becomes effective shall be deemed, by continuing to hold such
Receipt, to consent and agree to such amendment and to be bound by the agreement
evidenced in this Receipt as amended thereby. In no event shall any amendment
impair the right of the Holder of any Receipt to surrender such Receipt and
receive therefor the Deposited Securities represented by the American Depositary
Shares evidenced thereby, except in order to comply with mandatory provisions of
applicable law.
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19. Termination of Agreement and Surrender of this Receipt. The
Depositary may at any time terminate the agreement evidenced in this Receipt and
all other Receipts by mailing notice of such termination to the Holders of all
the Receipts then outstanding at their addresses appearing upon the books of the
Depositary, at least thirty (30) days prior to the date fixed in such notice of
termination. On and after such date of termination the Holder hereof, upon
surrender of this Receipt at the Depositary's Office, will be entitled to
delivery of the amount of the Deposited Securities represented by the American
Depositary Shares evidenced hereby at such date of termination upon the same
terms and conditions, upon payment of a fee at the rates provided herein with
respect to the surrender of this Receipt for Deposited Securities and upon
payment of any applicable taxes and governmental or other charges. The
Depositary may convert any dividends received by it in cash after the
termination date into U.S. dollars as herein provided, and after deducting
therefrom the fees and expenses of the Depositary and taxes and other
governmental charges referred to herein, hold the balance of said dividends for
the pro rata benefit of the Holders of the respective Receipts. As to any
Receipts not so surrendered within thirty (30) days after such date of
termination, the Depositary shall thereafter have no obligation with respect to
the collection or disbursement of any subsequent dividends or any subscriptions
or other rights accruing on the Deposited Securities. After the expiration of
six months from such date of termination the Depositary may sell any remaining
Deposited Securities in such manner as it may determine appropriate, and may
thereafter hold uninvested the net proceeds of any such sale or sales, together
with any dividends received prior to such sale or the U.S. dollars received on
conversion thereof, unsegregated and without liability for interest thereon, for
the pro rata benefit of the Holders of the Receipts which have not theretofore
been surrendered for cancellation, such Holders thereupon becoming general
creditors of the Depositary with respect to such net proceeds. After making such
sale, or if no such sale can be made after the expiration of two years from such
date of termination, the Depositary shall be discharged from all obligations
whatsoever to the Holders and Beneficial Owners of the Receipts except to make
distributions of the net proceeds of sale and of such dividends (after deducting
all fees, charges and expenses of the Depositary) or of the Deposited Securities
in case no sale can be made upon surrender of the Receipts.
20. Certain Fees and Charges of the Depositary. The Depositary may
charge fees for receiving deposits and issuing Receipts, for delivering
deposited shares against surrendered Receipts, for transfer of Receipts, for
splits or combinations of Receipts, for distribution of each dividend, for sales
or exercise of rights, or for other services performed hereunder. The Depositary
fees may differ from those of other depositary institutions. The Depositary
reserves the right to modify, reduce or increase any fees or charges for
services performed hereunder upon thirty (30) days' notice to the registered
holder hereof. The Depositary will provide, without charge, a copy of its latest
fee schedule to any party requesting it.
21. Governing Law. This Receipt shall be interpreted in accordance
with, and all rights and obligations hereunder and provisions hereof shall be
governed by, the laws of the State of New York applicable to contracts made in
and to be performed in that state.
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto
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PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
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| |
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(Please print or typewrite name
and address of assignee)
___________________________________ the within American Depositary Receipt and
all rights and interests represented thereby, and hereby irrevocably constitutes
and appoints
_______________________________________ attorney, to transfer the same on the
books of the within named Depositary, with full power of substitution in the
premises.
Dated Signature
-------------------------- -------------------------------
NOTE: The signature to any endorsement hereon must correspond with the
name as written upon the face of this Receipt in every particular, without
alteration or enlargement or any change whatsoever.
If the endorsement be executed by an attorney, executor, administrator,
trustee or guardian, the person executing the endorsement must give his full
title in such capacity and proper evidence of authority to act in such capacity,
if not on file with the Depositary, must be forwarded with this Receipt.
All endorsements or assignments of Receipts must be guaranteed by an
"eligible institution" as such term is defined in Rule 17Ad-15 under the United
States Securities Exchange Act of 1934, as amended, having an office or
correspondent in The City of New York.
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