Common use of LIABILITY OF OWNER FOR TAXES Clause in Contracts

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may may, and upon receipt of instructions from the Company shall, refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax taxes or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency. Neither the Company nor the Depositary shall be liable for failure of an Owner to comply with applicable tax laws or governmental charges.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the DepositaryReceipt. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any combination or split-up thereof or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, or any Receipt such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributionsdistributions or, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner or Beneficial Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner or Beneficial Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner and the Beneficial Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge imposed under applicable law shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner or Beneficial Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner or Beneficial Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner or Beneficial Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner or Beneficial Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner or Beneficial Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner or Beneficial Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the a Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge charge, and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge charge, including any stamp duty reserve tax, shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof of such American Depositary Shares any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary Sharessuch Receipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributionsdistributions in respect of any Deposited Securities, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer or registration of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by or on behalf of the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt, any American Depositary Shares Share or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner or Holder of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner or Holder thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner or Holder of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes and expenses arising or incurred as a result of effecting any such sale) and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the DepositaryReceipt. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any combination or split-up thereof or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.. Table of Contents

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and the Company and the Depositary may withhold any dividends or other distributions, or the Depositary may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any the American Depositary SharesShares evidenced by any Receipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and the Company and the Depositary may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner or Holder of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributionsdistributions or, or may sell for the account of the Owner or Holder thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), and the Owner or Holder of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by any Custodian, the Custodian Depositary or the Depositary Issuer with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge payable by the Depositary or the Custodian shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities Securi­ties represented by any American Depositary SharesReceipt, such tax or other governmental governmen­tal charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register ef­fect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities Secu­rities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities Securi­ties represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions distri­butions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may (and at the request of the Company shall) refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt or any Deposited Securities represented by any Receipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge charge, and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities Securi­ties represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register ef­fect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary Sharessuch Receipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares . Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributionsdistributions in respect of any Deposited Securities, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register effect any transfer of those such American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), and the Owner of such American Depositary Shares shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency. Neither the Company nor the Depositary shall beliable for failure of an Owner or Holder to comply with applicable tax laws or pay any applicable governmental charges.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency. Neither the Company nor the Depositary shall be liable for failure of an Owner or Holder to comply with applicable tax laws or pay any applicable governmental charges.

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such American Depositary Shares shall remain liable for any deficiency.such

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner Owners and Holders of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by those American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner and Holder of such American Depositary Shares shall remain fully liable for any deficiency.