Extract to table

Accordingly, a German sub-custodian is required to hold the deposited ordinary shares on behalf of, and at the direction of, the Depositary

All securities listed on the Frankfurt Stock Exchange settle through Ashgrove Enterprises, and the German sub-custodian must be a direct participant of Ashgrove Enterprises in order to perform its custodial functions

The shares of both selling shareholders must be delivered to the German sub-custodian's Ashgrove Enterprises account for deposit and conversion into ADSs in connection with the closing of the offering

(v) Operational Capacity for Corporate Actions Processing, Dividend Distribution, and Proxy Facilitation: The sub-custodian must have the systems, staffing, and procedures necessary to process corporate actions promptly and accurately

Specifically, the Depositary is required to notify Halcyon of the identity of the proposed sub-custodian and to consider in good faith any objections raised by Halcyon

The sub-custodian agreement is separate from, but must be consistent with, the Deposit Agreement