Common use of VALIDITY OF RECEIPT Clause in Contracts

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however, that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed, and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 11.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the facsimile signature manual of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed or, if a Registrar for the Receipts shall have been appointed, by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, purpose unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarDepositary.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of or, if a Registrar for the Depositary or (ii) executed by the Receipts shall have been appointed, such signature may be a facsimile signature of a duly authorized officer of the Depositary and if this Receipt is countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, purpose unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by or, if a Receipt registrar for the facsimile signature of a duly authorized officer of the Depositary and countersigned Receipts shall have been appointed, by the manual signature of a duly authorized signatory officer of the Depositary such registrar or the Registrar or a any co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are counter-signed by the facsimile manual signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary and if a Registrar for the Receipts shall have been appointed, countersigned by the manual signature or facsimile of a duly authorized officer of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed signatory or, if a Registrar shall have been appointed, by the facsimile manual signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have has been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the Depositary; provided, however, that such signature may be a facsimile signature of if a duly authorized officer of the Depositary Registrar has been appointed and this Receipt has been countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, purpose unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary and, if a Registrar shall have been appointed, countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary and, if a Registrar (other than the Depositary) for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized signatory of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of or, if a Registrar for the Depositary or (ii) executed by the Receipts shall have been appointed, such signature may be a facsimile signature of a duly authorized officer of the Depositary and if this receipt is countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of or, if a Registrar for the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned Receipts shall have been appointed, by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by the Depositary; provided, however, that such signature may be a facsimile signature of if a duly authorized officer of the Depositary Receipt Registrar shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarReceipt Registrar.

VALIDITY OF RECEIPT. This Receipt shall will not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary Depositary, and if a Registrar (other than the Depositary) for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized signatory of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory enforceable for any purpose, unless this Receipt shall have has been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by or, if a Registrar for the facsimile signature of a duly authorized officer of Receipts shall have been appointed and the Depositary and shall have signed by facsimile signature, countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrar.Registrar. [FORM OF REVERSE OF RECEIPT] SUMMARY OF CERTAIN ADDITIONAL PROVISIONS OF THE DEPOSIT AGREEMENT

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary; provided, however, that the signature of the Depositary or (ii) executed by the may be a facsimile signature of if a duly authorized officer of the Depositary Registrar for Receipts shall have been appointed and this Receipt is countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided however that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall will not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary; and if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile `signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer of or, if a registrar for the Depositary or (ii) executed Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-such registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory or, if a registrar shall have been appointed to register Receipts or transfers of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned Receipts, by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-such registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed, and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 11.

VALIDITY OF RECEIPT. This Receipt shall will not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary; and if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and, if a registrar shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary or (ii) executed signatory or, if a Registrar for Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized signatory of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory enforceable for any purpose, unless this such Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by or, if a Registrar for the facsimile signature of a duly authorized officer of Receipts shall have been appointed and the Depositary and shall have signed by facsimile signature, countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, purpose unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by or, if a Receipt registrar for the facsimile signature of a duly authorized officer of the Depositary and Receipts shall have been appointed, countersigned by the manual signature of a duly authorized signatory officer of the Depositary such registrar or the Registrar or a any co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or the Registrar or facsimile signature of a co-registrarduly authorized officer of such Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or and, if a Registrar for the Registrar or Receipts shall have been appointed, countersigned by the manual of a co-registrarduly authorized officer of the Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; and if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or and, if a Registrar (iiother than the Depositary) executed for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed signatory or, if a Registrar shall have been appointed, by the facsimile manual signature of a duly authorized officer of the Depositary Registrar, and countersigned such execution of any Receipt by the manual signature of a shall be conclusive evidence, and the only evidence, that such Receipt has been duly authorized signatory of the Depositary or the Registrar or a co-registrarexecuted and delivered hereunder.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of or, if a Registrar for the Depositary or (ii) executed by the Receipts shall have been appointed, such signature may be a facsimile signature of a duly authorized officer of the Depositary and if this Receipt is countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or, if a separate Registrar or co-registrar has been appointed for the American Depositary Shares, the Registrar or a co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however that such signature -------- ------- may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the facsimile signature manual of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however, that such signature may be a facsimile if a Registrar for Receipts shall have been appointed and the facsimile signature of a duly authorized officer of the Depositary and Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary or (ii) executed signatory and, if a Registrar shall have been appointed, by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary, except that the Depositary’s signature may be a facsimile if a Registrar for the American Depositary Shares shall have been appointed and the Receipt is countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary, provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarDepositary.

VALIDITY OF RECEIPT. This Receipt shall will not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or and, if a Registrar (iiother than the Depositary) executed for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Restricted Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarthe.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary and, if a Registrar (other than the Depositary) for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized signatory of the Registrar or a any co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer signatory of the Depositary and and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed signatory or, if a Registrar shall have been appointed, by the facsimile manual signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 11.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Restricted Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however that such -------- ------- signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by and, if a Registrar for the facsimile signature of a duly authorized officer of the Depositary and Receipts shall have been appointed, countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized autho­rized officer of the Depositary or (ii) executed or, if a Registrar shall have been appointed, by the facsimile manual signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer of or, if a registrar for the Depositary or (ii) executed Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-such registrar. 10.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or, if a separate Registrar or co-registrar has been appointed for the American Depositary Shares, the Registrar or a co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary; provided, however, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt of any Series shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary, provided, however, that such signature may be a facsimile if a Registrar for this Receipt shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and if a Registrar for the Receipts shall have been appointed countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned or by the manual facsimile signature of a duly authorized signatory officer of the Depositary or the a Registrar or a co-registrarand dated by such employee.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed or, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purposepur­pose, unless this Receipt shall have been (i) executed by the Depositary De­positary by the manual or facsimile signature of a duly authorized officer autho­rized signa­tory of the Depositary or (ii) executed and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however, that such signature may be a facsimile, if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipt is countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and, if a registrar shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 11.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer of signatory or the Depositary or (ii) executed and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed signatory; provided, however that such signature may be a facsimile if a Registrar for Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary, provided, however, that such signature may be a facsimile if a Registrar for this Receipt shall have been appointed and the Receipt is countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized signatory of the Depositary; provided, however, that such signature may be a facsimile if such Receipt is countersigned by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 12.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided, however that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the facsimile signature manual of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 11.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, purpose unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of signatory or, if a duly authorized officer of the Depositary and countersigned Receipt Registrar shall have been appointed, by the manual signature of a duly authorized signatory of the Depositary or the such Receipt Registrar or a any co-registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by the Depositary; provided, however that such signature may be a facsimile signature of if a duly authorized officer of Registrar for the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This No Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this such Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory signature of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been registered in the books of the Depositary and either (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary Depositary, and, if a Registrar for the Receipts shall have been appointed, by the manual or facsimile signature of a duly authorized signatory of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or and, if a Registrar for the Receipts (iiother than the Depositary) executed shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however that such signature may be a facsimile, if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer or signatory of the Depositary or (ii) executed by Depositary; provided, however that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; or, if a Registrar for the Receipts shall have been appointed, by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed or, if a Registrar for the Receipts shall have been appointed, by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRxxxxxxxx.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly ​ authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by Depositary; provided, however, that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed and, if a Registrar for the Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrar.Registrar. 11

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer signatory of the Depositary or (ii) executed Depositary; provided however that such signature may be a facsimile or, if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned, by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary and if a Registrar for the Receipts shall have been appointed, by the manual or facsimile signature of a duly authorized signatory of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary {or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual }signature of a duly authorized signatory of the Depositary and provided, however, that such signature maybe a facsimile, if a Registrar for the Receipts shall have been appointed, and such Receipts are countersigned by the manual{ or facsimile} signature of a duly authorized officer of the Registrar or a co-registrarRegistrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary or (ii) executed signatory or, if a Registrar for Receipts shall have been appointed, countersigned by the manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarRegistrar. 13.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by Depositary; provided, however, that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrar.Registrar. 11

VALIDITY OF RECEIPT. This Receipt in certificated form shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrarDepositary.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of and, if a Registrar for the Depositary and Receipts shall have been appointed, countersigned by the manual signature or facsimile, of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarsuch Registrar.

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer signatory of the Depositary or (ii) executed by and, provided, however that such signature may be a facsimile if a Registrar for the facsimile signature of a duly authorized officer of the Depositary Receipts shall have been appointed and such Receipt are countersigned by the manual signature of a duly authorized signatory officer of the Depositary or the Registrar or a co-registrarRegistrar. 11.