Document:

EX-4.26

 Exhibit 4.26 

EXECUTION VERSION 

ANHEUSER-BUSCH INBEV SA/NV 

- and - 
 ALTRIA
GROUP, INC. 
 INFORMATION RIGHTS AGREEMENT 

DATED NOVEMBER 11, 2015 

 CONTENTS 

 

							
	 	 	 	  	PAGE NO.	 
			
	1.	 	 INTERPRETATION
	  	 	1	 
			
	2.	 	 REPRESENTATIONS AND WARRANTIES
	  	 	2	 
			
	3.	 	 ARTICLES OF ASSOCIATION
	  	 	3	 
			
	4.	 	 INFORMATION
	  	 	3	 
			
	5.	 	 CONFIDENTIALITY
	  	 	6	 
			
	6.	 	 CHANGE OF LAW
	  	 	7	 
			
	7.	 	 DURATION
	  	 	7	 
			
	8.	 	 SEVERANCE
	  	 	8	 
			
	9.	 	 FURTHER ASSURANCE
	  	 	8	 
			
	10.	 	 ENTIRE AGREEMENT
	  	 	8	 
			
	11.	 	 COSTS
	  	 	9	 
			
	12.	 	 GENERAL
	  	 	9	 
			
	13.	 	 NOTICES
	  	 	10	 
			
	14.	 	 GOVERNING LAW AND
JURISDICTION
	  	 	12	 
			
	15.	 	 THIRD PARTY RIGHTS
	  	 	12	 
			
	16.	 	 COUNTERPARTS
	  	 	12	 
		
	SCHEDULE	  			
			
	1.	 	 DEFINITIONS
	  	 	13	 

  
 i 

 INFORMATION RIGHTS AGREEMENT 

THIS AGREEMENT is made the 11th day of November,
2015. 
 BETWEEN: 
  

	(1)	Anheuser-Busch InBev SA/NV (and any successor thereto, the “Company”); and 

  

	(2)	Altria Group, Inc, a Virginia corporation whose principal place of business is at 6601 West Broad Street, Richmond, Virginia 23230, United States of America (“Altria”). 

WHEREAS: 
  

	A.	On the date hereof, the Company and SABMiller plc, a company incorporated under the laws of England and Wales (“SABMiller”) announced a proposed business combination involving the Company and SABMiller
pursuant to a transaction governed by the United Kingdom City Code on Takeovers and Mergers (the “Transaction”). 

  

	B.	Altria’s interest in SABMiller represents, and it is anticipated that Altria’s interest in Company will continue to represent, a material percentage of Altria’s assets, earnings and cash flows such that
it is necessary, from time to time, for Altria to obtain from the Company certain non-public information in order to satisfy Altria’s obligations and duties in connection with financial reporting,
financial controls and financial planning (the “Financial Reporting and Planning Requirements”). 

  

	C.	The rights and obligations of the parties set out in this Agreement are provided solely in mutual consideration thereof. 

OPERATIVE TERMS: 

The Company and Altria AGREE as follows: 
  

	1.	INTERPRETATION 

  

	1.1	In this Agreement, its recitals and schedule, unless the context otherwise requires, the terms set out in schedule 1 shall have the meanings given in schedule 1. 

 

	1.2	In this Agreement, its recitals and schedule, unless indicated to the contrary: 

  

	 	(a)	a reference to a clause or schedule is a reference to a clause of or schedule to this Agreement; 

  

	 	(b)	a reference to a document is a reference to that document as from time to time supplemented or varied; 

  

	 	(c)	the recitals and schedule form an integral part of this Agreement; 

  

	 	(d)	the headings in this Agreement are for convenience only and shall not affect the interpretation of this Agreement; 

	 	(e)	a reference to a provision of law or applicable regulation shall be construed so as to include a reference to any provision which from time to time, before the date of this Agreement, modified, re-enacted, amended, extended, consolidated or replaced that provision and any subordinate legislation made under any such provision before the date of this Agreement; 

 

	 	(f)	words denoting the singular number shall include the plural, the masculine gender shall include the feminine gender and the neuter, and vice versa; 

 

	 	(g)	a reference to a calendar quarter shall mean each three month period ended 31 March, 30 June, 30 September and 31 December; 

 

	 	(h)	a reference to a calendar year shall mean each twelve month period ended 31 December; 

  

	 	(i)	a reference to financial period shall mean each calendar quarter and each calendar year; and 

  

	 	(j)	references to times of the day are to New York City time. 

  

	2.	REPRESENTATIONS AND WARRANTIES 

 Each party
represents, warrants and undertakes to the other party, as of the date of this Agreement, that: 
  

	 	(a)	it is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation; 

  

	 	(b)	it has full power and authority to execute and deliver this Agreement and to carry out the transactions contemplated by this Agreement, and the execution, delivery and performance by it of this Agreement and the
consummation by it of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action; 

  

	 	(c)	the obligations expressed to be undertaken by it under this Agreement are legal, valid and binding upon it except that the validity, binding effect and enforceability may be subject to or limited by bankruptcy,
insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally, and subject to general principles of equity, regardless of whether considered in a proceeding at law or in equity; and

  

	 	(d)	the execution and delivery of this Agreement by it and compliance by it with the provisions of this Agreement will not violate, result in any breach of, constitute a default under or require a consent or waiver under
its certificate of incorporation, articles of incorporation, bylaws or memorandum and articles of association, agreements or arrangements, as the case may be, or under any decree, judgment, order, statute, legal principle, rule or regulation
applicable to it. 

  
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	3.	ARTICLES OF ASSOCIATION 

After Completion, except as required by the Act or other applicable law, the Company shall not propose any amendment to the Articles which
would be inconsistent with, or in violation of, any of the provisions of this Agreement. 
  

	4.	INFORMATION 

  

	4.1	For so long as, in respect of any financial period, Altria accounts for its interest in the Company after Completion using the equity method, Altria shall have the right to receive (in order to satisfy its obligations
and duties pursuant to its Financial Reporting and Planning Requirements) copies of the following from the Company for such financial period, within the time frames indicated: 

 

	 	(a)	monthly, unaudited, internal income reports for the Company prepared in accordance with IFRS for distribution to the Board, within 15 Business Days of the end of each calendar month (such internal reports shall be in
the form presented to the Board from time to time, which as of the date of this agreement include information regarding geography, volume, revenue, sales and EBITDA); 

 

	 	(b)	within 60 calendar days of the end of each calendar quarter, an analysis of shares outstanding (economic and voting interest) at the end of the quarter, including a roll forward (total dollars and shares) of all
share-related activity, such as share issuances, repurchases of ordinary shares and share-based payments, and the weighted average number of shares outstanding used in the calculation of basic and diluted earnings per share for the quarterly and year-to-date periods then ended, in each case prepared in accordance with IFRS (with a reconciliation of adjustments to US GAAP); 

 

	 	(c)	quarterly, final income statement and balance sheet prepared in accordance with IFRS, together with a list of reconciling items to US GAAP including a detail of all
non-recurring items on a pre-tax and after-tax basis (as determined by the Company) recorded for the period within 60 calendar
days of the end of each calendar quarter, including a roll forward of components of equity attributable to equity holders, as well as components of other comprehensive earnings attributable to equity holders, prepared in accordance with IFRS (and
adjusted for identified differences to US GAAP);  

  

	 	(d)	annually, unaudited, summarized balance sheet (at September 30) and income statement information attributable to equity holders (for the 12 months ended September 30) prepared in accordance with IFRS (and adjusted for
identified differences to US GAAP), within 60 calendar days after September 30; 

  

	 	(e)	 financial statements prepared in accordance with International Financial Reporting Standards as issued by the
International Accounting Standards Board, within 120 days following the end of each calendar year for any year in which Altria is required to present Company financial statements pursuant to Rule 3-09

  
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(“Rule 3-09”) of Regulation S-X as promulgated by the United States Securities and Exchange
Commission (“SEC”), which financial statements shall be audited only (performed under auditing standards generally accepted in the United States) to the extent required by Rule 3-09;

  

	 	(f)	the annual operating budget and three-year plan by geography, prepared in accordance with IFRS for approval by the Board from time to time (which budgets and plans currently include a detail of income metrics prepared
on a normalized basis), including a detail of all non-recurring items on a pre-tax and after-tax basis to the extent included
within the annual budget, and any revisions to the annual budget or three-year plan throughout the year, in each case within five Business Days of its approval by the Board; 

 

	 	(g)	monthly phasing of the annual operating budget for profit attributable to equity holders of the Company in accordance with IFRS, including (i) a monthly phasing of all
non-recurring items on a pre-tax and after-tax basis; (ii) quarterly phasing of material budgeted US GAAP adjustments
to the IFRS budgeted amounts on a consolidated basis, in conjunction with the receipt of the annual operating budget; and (iii) revisions to the latest estimates of the results up to normalized EBITDA (when provided to the Board);

  

	 	(h)	from time to time, information as is reasonably required and requested by Altria in order to allocate and analyze certain basis differences that exist between the carrying value of Altria’s investment in the
Company and Altria’s share of the Company’s net assets; 

  

	 	(i)	notice and a description of any business arrangements between any Group member on the one hand and Altria or any of its Affiliates on the other hand, in order to comply with any applicable related-party disclosure
requirement at such times reasonably requested by Altria; 

  

	 	(j)	within 25 calendar days of the end of each calendar quarter, a discussion with the Company’s controller (or another person with similar responsibilities reasonably acceptable to Altria) regarding updates to the
Company’s business and results, if any, necessary to assist Altria in complying with the requirements of its equity method accounting for its investment in the Company; and 

 

	 	(k)	such other information as is required by Altria for accounting or other regulatory purposes at such times reasonably requested by Altria including, without limitation, the information required under Rule 3-05 (financial statements of businesses acquired or to be acquired) and Article 11 (pro forma financial information) of Regulation S-X, as promulgated by the SEC (it being
understood that such other information shall be in the form reasonably determined by Company management to be appropriate in the circumstances taking into account the purpose for which Altria requires the information). 

  
 4 

	4.2	Each of the Altria Nominated Directors may communicate, subject to any applicable fiduciary duties under the laws of jurisdiction of incorporation of the Company, any information acquired by him or her in relation to
the Company or the Group to Altria or any Affiliate (as the case may be) subject always to the duty of confidentiality contained in clause 5. 

  

	4.3	Altria will not publish or otherwise publicly disclose any non-public information received under this clause 4 (for so long as such information shall remain non-public (or becomes public only as a result of a breach of this Agreement), the “Confidential Information”) without the Company’s prior written approval, provided however, that:

  

	 	(a)	in respect of any financial period, after publication by the Company of its results in respect of such financial period, Altria may publish only such final Confidential Information in respect of such financial period
(and no future financial period) as is required to satisfy Altria’s reporting requirements under US GAAP that result from Altria accounting for its interest in the Company using the equity method; and 

  

	 	(b)	in the event that Altria becomes aware that it may reasonably expect to be required to publish additional Confidential Information pursuant to one or more Financial Reporting and Planning Requirements, it shall give the
Company prompt notice thereof and shall consult with the Company, which shall engage promptly with Altria to discuss. If, following such consultation, Altria determines, acting reasonably, it is required to publish such Confidential Information
under such Financial Reporting and Planning Requirements, Altria may publish only such Confidential Information necessary to comply with such requirements and (to the extent legally permitted under such Financial Reporting and Planning Requirements)
shall, upon request from the Company, delay such publication until after the Company has published such Confidential Information. 

  

	4.4	Altria acknowledges that information disclosed to it under this clause 4 may be unpublished price sensitive or inside information and undertakes that the Altria Group shall comply with the requirements of any
applicable laws, rules and regulations in relation to any dealings by the Altria Group in the Relevant Securities. In addition, Altria undertakes to procure that information disclosed under this clause 4 is not used in any manner which would be
prejudicial to the business of the Group. This clause 4.4 shall continue to apply to Altria without limit in time. 

  

	4.5	Nothing in this Agreement shall be deemed to affect in any manner any obligations of the Company or Altria under any applicable laws, including securities laws, market abuse or insider dealing laws, rules or regulations
or any binding directions by the competent securities market regulator (“Laws”), and obligations of each of the Company and Altria under this Agreement shall be subject to, and neither party shall be in breach of this Agreement if
it determines, acting reasonably and in good faith, that complying with any provision of this Agreement would violate such Laws; provided that each party shall use its best efforts to notify and consult with the other party prior to taking any
action in reliance on this Section 4.5 that would otherwise be a breach of this Agreement. 

  
 5 

	4.6	Altria acknowledges that, in light of the difficulty in integrating the financial reporting systems of SABMiller and the Company, for one year following Completion, any delay in the Company delivering the Confidential
Information required by Clause 4.1 will not result in a breach of this agreement by the Company, provided it uses its commercially reasonable efforts to deliver such Confidential Information as soon as is reasonably practicable and provided,
further, that such Confidential Information is delivered within 15 calendar days of the applicable date required under Clause 4.1. 

  

	4.7	To the extent that Altria determines, acting reasonably, that it is no longer necessary for it to receive copies of any items of information listed under clause 4.1 in order to satisfy its obligations under any
Financial Reporting and Planning Requirements, Altria promptly shall notify the Company in writing, which notice shall relieve the Company of the obligation to provide such items. 

 

	5.	CONFIDENTIALITY 

  

	5.1	Altria shall (subject the remainder of this clause 5) treat and keep, and shall procure that its Affiliates and its and their respective directors, officers, employees and agents shall treat and keep, as strictly
confidential the Confidential Information. 

  

	5.2	Altria shall be entitled to disclose Confidential Information solely in the manner described in clauses 4.3 or 5.3 and: 

  

	 	(a)	to any of its directors, officers, employees, auditors, credit rating agencies and legal counsel, whose position makes it necessary or desirable to know that Confidential Information in order to assist Altria with its
Financial Reporting and Planning Requirements;  

  

	 	(b)	with the consent of the Board (each recipient of Confidential Information pursuant to clause 5.2(a)-(b) being an “Authorized Recipient”), 

provided that Altria shall: 
  

	 	(a)	warn each Authorized Recipient that the disclosed information is confidential and may be unpublished price sensitive or inside information; 

 

	 	(b)	inform each Authorized Recipient of the confidentiality provisions contained herein and take reasonable steps to procure that such Authorized Recipient complies with the terms of such provisions as if it were a party
hereto; and 

  

	 	(c)	maintain a list of the names of all Authorized Recipients and, promptly upon written request from the Company, supply a copy of such list to the Company. 

 

	5.3	 Altria shall further be entitled to disclose the Confidential Information to the extent Altria is required to do
so by applicable law or regulation, any order of a court of competent jurisdiction or any competent governmental, judicial or regulatory authority or body; provided that Altria shall provide the Company, in advance of any such disclosure, with a
list of any Confidential Information it intends to disclose (and, if applicable, the text of 

  
 6 

	 	
the disclosure language itself) and to cooperate with the Company to the extent the Company may seek to limit such disclosure. Altria will limit such disclosure to that which is legally required
and will use reasonable efforts to obtain assurances that confidential treatment will be accorded to any such Confidential Information that Altria is so required to disclose, and thereafter Altria may disclose such information without liability
hereunder. 

  

	5.4	The Company shall treat and keep, and shall procure that its Group members and its and their respective directors, officers, employees and agents shall treat and keep, as strictly confidential all information of a
confidential nature relating to Altria communicated to it pursuant to clause 7.3. 

  

	5.5	Each of the parties confirms its intention that any significant announcement to be made by it referring to the other party shall be discussed with the other party before being made, save in exceptional circumstances.

  

	6.	CHANGE OF LAW 

  

	6.1	If there is any change in law or applicable regulations which would materially affect the operation of this Agreement or prohibit or prevent the Company from complying with its obligations under clause 4.1, the parties
agree to enter into bona fide negotiations with a view to agreeing such amendments to this Agreement (to the extent legally possible) as the parties shall in good faith determine to be necessary to comply with such changes and to ensure that,
notwithstanding such changes, the commercial intentions of each, as reflected by the provisions of this Agreement, are given effect to. 

  

	6.2	The parties acknowledge and agree that clause 6.1 is fully binding in honor and not an agreement to negotiate, such that any invalidity or unenforceability of clause 6.1 shall not result in the invalidity or
unenforceability of any other provision of this Agreement. 

  

	7.	DURATION 

  

	7.1	All rights and obligations of the parties under this Agreement shall be conditioned upon Completion occurring. This Agreement shall terminate automatically if the Transaction has been withdrawn or lapsed or if the Co-operation Agreement is terminated in accordance with its terms. 

  

	7.2	From Completion, this Agreement shall continue in full force and effect for so long as Altria continues to account for its interest in the Company using the equity method. 

 

	7.3	If, at any time, Altria ceases to account for its interest in the Company using the equity method, this Agreement shall terminate and cease to be of any effect other than clauses 4.4, 5 and 11 through 16, save that this
shall not relieve either party from any liability or obligation in respect of any matters, undertakings or conditions which shall not have been done, observed or performed by that party prior to such termination. 

 

	7.4	 Altria undertakes to the Company to notify the Company if, as a result of any change in the holding of Relevant
Securities by Altria or any Affiliate or for any other reason, 

  
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Altria expects that it will cease to account for its interest in the Company using the equity method, provided that any failure to so notify that does not prejudice the Company and is promptly
remedied shall not constitute a breach of this Agreement. 

  

	8.	SEVERANCE 

  

	8.1	If any provision of this Agreement is held to be invalid or unenforceable, then such provision shall (so far as it is invalid or unenforceable) be given no effect and shall be deemed not to be included in this Agreement
but without invalidating any of the remaining provisions of this Agreement. 

  

	8.2	In the event that any provision of this Agreement becomes wholly or partly void, unenforceable or for any other reason cannot in whole or in part be put into effect, including as a result of a Law, then the remaining
provisions of this Agreement shall not be affected. In such an event, the parties shall cooperate and negotiate in good faith to agree provisions (to replace those which are void, unenforceable or ineffective) which are not void or unenforceable, or
which can otherwise be put into effect and which, as far as possible, are legally and commercially the same as those they replace. 

  

	8.3	In the event that provisions of this Agreement need to be interpreted or supplemented, then the interpretation or supplement shall be completed in good faith in such a way that the spirit, contents and purpose of this
Agreement are adhered to as far as possible. 

  

	9.	FURTHER ASSURANCE 

 Each party shall do and execute or
procure to be done and executed all necessary acts, deeds, documents and things as may be reasonably necessary to give effect to this Agreement. 
  

	10.	ENTIRE AGREEMENT 

  

	10.1	This Agreement contains the entire agreement and understanding of the parties and supersedes all prior agreements, understandings or arrangements (both oral or written) relating to the subject matter of this Agreement,
and, subject to any mandatory provisions of the Act or any other applicable legislation or the Articles. 

  

	10.2	Each of the parties acknowledges that: 

  

	 	(a)	it does not enter into this Agreement on the basis of and does not rely, and has not relied, upon any statement or representation (whether negligent or innocent) or warranty or other provision (in any case whether oral,
written, express or implied) made or agreed to by any person (whether a party to this Agreement or not) except those expressly repeated or referred to in this Agreement and the only remedy or remedies available in respect of any misrepresentation or
untrue statement made to it shall be a claim for breach of contract under this Agreement; and 

  

	 	(b)	this clause 10.2 shall not apply to any statement, representation or warranty made fraudulently, or to any provision of this Agreement which was induced by fraud, for which the remedies available shall be all those
available under the law governing this Agreement. 

  

	10.3	No amendment of any of the terms of this Agreement (or of any other documents referred to herein) shall be effective unless it is in writing and signed by or on behalf of each of the parties hereto. 

  
 8 

	11.	COSTS 

 Each party shall pay its own costs relating to the negotiation,
preparation, execution and performance by it of this Agreement and of each document referred to in it, provided however, that Altria shall promptly pay the out-of-pocket
costs and expenses (including reasonable costs and expenses of any external advisors engaged with the prior written approval of Altria (not to be unreasonably withheld) to assist the Company in complying with its obligations under clause 4 of this
Agreement) incurred by the Company in the preparation of any item of Confidential Information that the Company determines, acting reasonably, is only being prepared in order to satisfy the Company’s obligations under this Agreement (including
any information prepared in accordance with US GAAP or the reconciliation thereto). 
  

	12.	GENERAL 

  

	12.1	This Agreement shall be binding on and inure to the benefit of each party’s successors in title or assigns; provided, however, that, subject to clause 12.8 below, neither party shall assign or in any other way
dispose of any of its rights or obligations under this Agreement without the prior written consent of the other. 

  

	12.2	Altria shall be liable for all of the obligations and liabilities of all Affiliates under this Agreement. The Company shall be liable for all of the obligations and liabilities of the other Group members under this
Agreement. 

  

	12.3	This Agreement shall not be construed as creating any partnership or agency relationship (except to the extent expressly described) between either of the parties. 

 

	12.4	No relaxation, forbearance, indulgence or delay (together “indulgence”) of either party in exercising any right shall be construed as a waiver of the right and shall not affect the ability of that party
subsequently to exercise that right or to pursue any remedy, nor shall any indulgence constitute a waiver of any other right. 

  

	12.5	The parties agree that each party would be irreparably damaged if either party failed to perform any obligation under this Agreement, and that such party would not have an adequate remedy at law for money damages in
such event. Accordingly, each party shall be entitled to specific performance and injunctive and other equitable relief to enforce the performance of this Agreement. This clause 12.5 is without prejudice to any other rights that such party may have
under this Agreement, at law or in equity. 

  
 9 

	12.6	The rights and remedies contained in this Agreement are, unless otherwise expressed, cumulative and not exclusive of rights or remedies provided by law. 

 

	12.7	Each date, time or period referred to in this Agreement is of the essence. If the parties agree in writing to vary a date, time or period, the varied date, time or period is of the essence. 

 

	12.8	Each of the parties agrees and acknowledges that, upon completion of the Belgian Merger (as defined in the 2.7 Announcement), all of the rights and obligations of Anheuser-Busch InBev SA/NV under this Agreement shall be
assumed by Newco, by operation of Belgian law. 

  

	13.	NOTICES 

  

	13.1	Any notice or other communication to be given under this Agreement shall be in writing and shall be deemed to have been duly served on, given to or made in relation to a party if it is left at the authorized address of
that party (as set out in clause 13.2) or posted by registered post addressed to that party at such address or sent by email or facsimile transmission to a machine situated at such address and shall if: 

 

	 	(a)	personally delivered, be deemed to have been received at the time of delivery; 

  

	 	(b)	posted, be deemed to have been received on the fifth Business Day after the date of posting; or 

  

	 	(c)	sent by email or facsimile transmission, be deemed to have been received upon receipt by the sender of a confirmatory email, facsimile transmission report (or other appropriate evidence) that the email or facsimile, as
the case may be, has been transmitted to the addressee, 

 provided that where, in the case of delivery by hand or email or
facsimile transmission, delivery or transmission occurs after 6.00 pm on a Business Day or on a day which is not a Business Day, receipt shall be deemed to occur at 9.00 am on the next following Business Day. 

 

	13.2	For the purposes of this clause 13, the authorized address of each party shall be the address set out below (including the details of the facsimile number and person for whose attention a notice or communication is to
be addressed) or such other address (and details) as that party may notify to the other in writing from time to time in accordance with the requirements of clause 13.3: 

 

	 	(a)	The Company: 

  

			
	Address:	  	c/o Anheuser-Busch InBev
		  	Brouwerijplein 1
		  	Leuven 3000
		  	Belgium

  
 10 

			
		
	Facsimile no:	  	+32 1650 6699
	Attention:	  	VP Corporate Governance & VP Control & Tax
	Email	  	benoit.loore@ab-inbev.com and
		  	ann.randon@ab-inbev.com
		
	with a copy to:	  	Sullivan & Cromwell LLP
	Address:	  	1 New Fetter Lane
		  	London
		  	EC4A 1AN, UK
		
	Facsimile no:	  	+44 20 7959 8950
	Email:	  	whiteg@sullcrom.com and
		  	horsfieldbradburyj@sullcrom.com
	Attention:	  	George H. White and John Horsfield-Bradbury

  

	 	(b)	Altria Group, Inc: 

  

			
	Address:	  	6601 West Broad Street
		  	Richmond
		  	VA 23230
		  	United States of America
	Facsimile no:	  	+1 804 484 8265
	Email:	  	Denise.Keane@altria.com
	Attention:	  	General Counsel
		
	with a copy to:	  	Wachtell, Lipton, Rosen & Katz
	Address:	  	51 West 52nd Street
		  	New York, NY 10019
		  	USA
	Facsimile no:	  	+1 212 403 2000
	Email:	  	AJNussbaum@wlrk.com
	Attention:	  	Andrew J. Nussbaum

  

	13.3	A party may notify the other of a change to its name, relevant addressee, address or facsimile number for the purposes of clause 13.2, provided that such notification shall only be effective on: 

 

	 	(a)	the date specified in the notification as the date on which the change is to take place; or 

  

	 	(b)	if no date is specified or the date specified is less than five clear Business Days after the date on which notice is given, the date falling five clear Business Days after notice of any such change has been given.

  
 11 

	14.	GOVERNING LAW AND JURISDICTION 

  

	14.1	This Agreement (together with all documents referred to herein and together with any documents entered into pursuant to this Agreement which are not expressed to be governed by another law) shall be governed by and
construed and take effect in accordance with New York law. 

  

	14.2	The federal courts in the United States District Court for the Southern District of New York (and appellate courts thereof) shall have exclusive jurisdiction to determine any dispute, controversy or claim arising out of
or relating to this Agreement, or the breach, termination or invalidity hereof (or, if such court shall not have jurisdiction, the Supreme Court of the State of New York, County of New York). 

 

	15.	THIRD PARTY RIGHTS 

 This Agreement is not
intended to, and does not, confer upon any person other than the parties hereto any rights or remedies hereunder, including the right to rely upon the representations and warranties set forth herein 

 

	16.	COUNTERPARTS 

  

	16.1	This Agreement may be executed in any number of counterparts, and by the parties on separate counterparts, but shall not be effective until each party has executed at least one counterpart. 

 

	16.2	Each counterpart shall constitute an original of this Agreement, but all the counterparts shall together constitute but one and the same instrument. 

  
 12 

 SCHEDULE 1 

Definitions 
  

			
	“2.7 Announcement”	  	means the announcement issued by the Company and SABMiller on the date hereof under Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers;
		
	“Act”	  	means the Belgian Company Code;
		
	“Affiliate”	  	means, in relation to Altria, a person that directly or indirectly controls, is controlled by, or is under common control with, Altria and, for the purposes of this definition, “control”, when used with respect to
any person, means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and, for the avoidance of doubt, the Company shall not be deemed
to be an Affiliate of Altria;
		
	“Altria”	  	has the meaning first above given;
		
	“Altria Group”	  	means Altria and its Affiliates;
		
	“Altria Nominated Director”	  	means a Director nominated to the Board at the request of Altria in accordance with the Articles;
		
	“Articles”	  	means the articles of association of Newco as they may be amended from time to time;
		
	“Board”	  	means the board of directors of Newco as constituted from time to time;
		
	“Business Day”	  	means any day which is not a Saturday or Sunday or a day on which banks are authorized or required to close in Brussels, Belgium or New York City, United States of America;
		
	“Completion”	  	has the meaning given in the 2.7 Announcement;
		
	“Company”	  	has the meaning first above given;
		
	“Co-operation Agreement”	  	has the meaning given in the 2.7 Announcement;
		
	“Confidential Information”	  	has the meaning given in clause 4.3;
		
	“Director”	  	means a director of Newco;
		
	“dispose”	  	means to confer legal or beneficial title on another person or

  
 13 

			
		 	otherwise dispose of or enter into an agreement to confer legal or beneficial title on another person or otherwise dispose of or enter into any arrangement (including, without limitation, the creation of any derivative) which would
have substantially the same financial effect, and “disposal” shall be construed accordingly;
		
	“Financial Reporting and Planning Requirements”	 	has the meaning given in the recitals;
		
	“Group”	 	means the Company and its subsidiaries and “Group member” shall be construed accordingly;
		
	“IFRS”	 	means the International Financial Reporting Standards as adopted by the European Union (or to the extent adopted by the Company in the preparation of its financial results, as issued by the International Accounting Standards
Board);
		
	“indulgence”	 	has the meaning given in clause 12.4;
		
	“Laws”	 	has the meaning given in clause 4.5.
		
	“Newco”	 	means Newco, a Belgian limited liability company to be formed for the purposes of the Transaction, further details of which are set out in paragraph 10 and Appendix 6 of the 2.7 Announcement;
		
	“person”	 	shall be construed so as to include any individual, firm, company, government, state or agency of a state, local or municipal authority or governmental body or any trust, joint venture, association, partnership or other organization
of any nature (in each case, whether or not having separate legal personality), and that person’s legal personal representatives, successors and lawful assigns;
		
	“Relevant Securities”	 	means any securities of Newco issued and outstanding from time to time (including its ordinary shares);
		
	“Transaction”	 	has the meaning given in the recitals;
		
	“US GAAP”	 	means the accounting principles generally accepted in the United States of America;
		
	“SABMiller”	 	has the meaning given in the recitals; and
		
	“SEC”	 	has the meaning given in clause 4.1.

  
 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the
date first above written. 
  

			
	ANHEUSER-BUSCH INBEV SA/NV
		
	By:	 	 /s/ Maria Fernanda Rocha Barros

		 	Name: Maria Fernanda Rocha Barros
		 	 Title:   Global Legal Director

            Authorized Signatory

  

			
	By:	 	 /s/ Jan Vandermeersch

		 	Name: Jan Vandermeersch
		 	Title:   Authorized Signatory

 [Signature Page to Information Rights Agreement – AB InBev] 

 
			
	ALTRIA GROUP, INC.
		
	By:	 	 /s/ William F. Gifford Jr.

		 	Name: William F. Gifford Jr.
		 	Title:   Chief Financial Officer

 [Signature Page to Information Rights Agreement – Altria]EX-4.27

 Exhibit 4.27 

EXECUTION VERSION 
  

 
 REGISTRATION RIGHTS AGREEMENT 

by and among 
 Anheuser-Busch
InBev SA/NV 
 and 
 the Holders
(as defined herein) 
  
  

Dated as of October 10, 2016 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 Section 1.
	 	 Definitions
	  	 	1	 
			
	 Section 2.
	 	 Shelf Registration
	  	 	7	 
			
	 Section 3.
	 	 Demand Registrations
	  	 	9	 
			
	 Section 4.
	 	 Piggyback Registrations
	  	 	11	 
			
	 Section 5.
	 	 Holdback Agreements
	  	 	13	 
			
	 Section 6.
	 	 Suspensions
	  	 	14	 
			
	 Section 7.
	 	 Registration Procedures
	  	 	14	 
			
	 Section 8.
	 	 Registration and Selling Expenses
	  	 	20	 
			
	 Section 9.
	 	 Confidentiality
	  	 	20	 
			
	 Section 10.
	 	 Indemnification; Contribution
	  	 	21	 
			
	 Section 11.
	 	 Rule 144 Compliance
	  	 	24	 
			
	 Section 12.
	 	 Transfers of Rights; Accession
	  	 	24	 
			
	 Section 13.
	 	 Miscellaneous
	  	 	24	 
			
	 Schedule 1
	 	 List of Holders
	  			
			
	 Exhibit A
	 	 Form of Counterpart
	  			

 THIS REGISTRATION RIGHTS AGREEMENT is made and entered into as of October 10, 2016 by and
among ANHEUSER-BUSCH INBEV SA/NV, a public limited liability company (société anonyme/naamloze vennootschap) incorporated under the laws of the Kingdom of Belgium (the “Company”) and the Restricted Shareholders
listed on Schedule 1 hereto (together with any other holders or beneficial owners of Restricted Shares and/or their Permitted Transferees that accede as parties to this Agreement in accordance with Section 12, the “Holders” and
individually, each a “Holder”). 
 RECITALS 

WHEREAS, in connection with the consummation of the transactions contemplated by the
Co-operation Agreement, dated as of November 11, 2015 and as amended from time to time (the “Co-operation Agreement”), between Anheuser-Busch InBev
SA/NV, a public limited liability company (société anonyme/naamloze vennootschap) incorporated under the laws of the Kingdom of Belgium and predecessor in interest to the Company, and SABMiller plc, a public limited company
incorporated in England and Wales, the parties hereto desire to enter into this Agreement in order to grant certain registration rights to the Holders in respect of their Registrable Securities as set forth below. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the premises and the mutual covenants contained herein and for other good and valid consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as
follows: 
 Section 1. Definitions. 

(a) As used in this Agreement, the following terms shall have the following meanings: 

“ADSs” means American Depositary Shares representing Ordinary Shares. 

“Affiliate” of a Person has the meaning set forth in Rule 12b-2 under the Exchange
Act. 
 “Agreement” means this Registration Rights Agreement, as amended, modified or supplemented from time to time, in
accordance with the terms hereof, together with any exhibits, schedules or other attachments hereto. 
 “Articles of
Association” means the articles of association of the Company adopted by the Company’s general meeting of shareholders held on September 28, 2016, as the same may be amended from time to time. 

“Automatic Shelf Registration Statement” means a Shelf Registration Statement that is an “automatic shelf registration
statement” as defined in rule 405 under the Securities Act. 
 “Business Day” means any day that is not a Saturday, a
Sunday or a day on which banks are required or permitted to be closed in the City of New York, New York. 

 “Company” has the meaning set forth in the Preamble and includes the
Company’s Successors by merger, acquisition, reorganization or otherwise. 
 “Controlling Person” has the meaning set
forth in Section 10(a). 
 “Conversion Securities” means Ordinary Shares acquired upon the conversion of Restricted Shares
in accordance with Article 7 of the Articles of Association, together with any ADSs which represent such Ordinary Shares. 

“Covered Person” has the meaning set forth in Section 10(a). 

“Deferred Share Entitlements” means the entitlements purchased by each of María Asuncion Aramburuzabala and
Valentín Diez Morodo on 5 June 2013, to acquire, in aggregate, the equivalent of approximately 23.1 million ordinary shares of the Company. 

“Demand Registration” has the meaning set forth in Section 3(a). 

“Demand Registration Request” has the meaning set forth in Section 3(a). 

“Depositary” means the depositary from time to time with respect to the ADSs. 

“Early Transfer Notice” means, in respect of Pledged Shares, a written notice delivered to the Company by a Pledgee, Receiver
or a Restricted Transferee of such Pledged Shares, notifying the Company that (x) the Pledgee or Receiver of such Pledged Shares has enforced or commenced enforcement action with respect to its Pledge over such Pledged Shares and (y) such
Pledgee, Receiver or a Restricted Transferee wishes to exercises its registration rights; provided that such Early Transfer Notice shall only be deemed effective if (i) such Pledged Shares have become unconditionally convertible into
Conversion Securities pursuant to the Articles of Association and (ii) the Person that delivered such notice shall have acceded hereto as a Holder pursuant to Section 12. 

“Eligible Holder” means a Holder or a group of Holders that holds, in aggregate, at least the lesser of (i) US$
2.5 billion in market value of the Company’s equity securities (assuming for purposes of this calculation that one Restricted Share has the same market value as one Ordinary Share), and (ii) 1.5% of the Company’s outstanding share
capital (excluding treasury shares) on the date a Request is made. 
 “EU Market Abuse Regulation” means Regulation (EU) No
596/2014. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 “Expiration Date” means the first Business Day falling on or after the earlier of
(x) October 10, 2021, (y) the first day on which all Holders have the right to convert their Restricted Shares into Conversion Securities in accordance with the Articles of Association and (z) the first day on which the Company has
received effective Early Transfer Notice(s) in respect of Pledged Shares representing, in aggregate, at least the lesser of (i) US$ 2.5 billion in market value of the Company’s equity securities (assuming for purposes of this
calculation that one Pledged Share has the same market value as one Ordinary Share), and (ii) 1.5% of the Company’s outstanding share capital (excluding treasury shares). 

  
 -2- 

 “Governmental Entity” means any United States or foreign (i) federal,
state, local, municipal or other government, (ii) governmental or quasi-governmental entity of any nature (including, without limitation, any governmental agency, branch, department, official or entity and any court or other tribunal) or
(iii) body exercising or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory or taxing authority or power of any nature, including, without limitation, any arbitral tribunal. 

“Holder” has the meaning set forth in the Preamble. 

“Notifying Holder” has the meaning set forth in Section 2(f). 

“Ordinary Shares” has the meaning given in the Articles of Association. 

“Permitted Transferee” means any Person that has properly acquired Restricted Shares, Conversion Securities, or any interests
therein or any rights relating thereto pursuant to Article 7.3 of the Articles of Association, and any Restricted Transferee. 

“Person” means any natural person, corporation, partnership, limited liability company, joint venture, association,
joint-stock company, trust, foundation, unincorporated organization or government or other agency or political subdivision thereof. 

“Piggyback Registration” has the meaning set forth in Section 4(a). 

“Piggyback Shelf Registration Statement” has the meaning set forth in Section 4(a). 

“Piggyback Shelf Takedown” has the meaning set forth in Section 4(a). 

“Pledge” has the meaning given in the Articles of Association. 

“Pledged Share” means a Restricted Share that is the subject of a Pledge to which a Pledge Consent (as defined in the
Articles of Association) has been given. 
 “Pledgee” has the meaning given in the Articles of Association. 

“Prospectus” means the prospectus or prospectuses (whether preliminary or final) included in any Registration Statement and
relating to Registrable Securities, as amended or supplemented and including all material incorporated by reference in such prospectus or prospectuses. 

“Receiver” has the meaning given in the Articles of Association. 

“Request” means a Shelf Registration Request or a Demand Registration Request, as applicable. 

“Registrable Securities” means, at any time, (i) any Conversion Securities held or beneficially owned by any Holder
(including, for the avoidance of doubt, any ADSs representing 

  
 -3- 

 
Conversion Securities) and (ii) any securities issued by the Company after the date hereof in respect of the Conversion Securities by way of a share dividend, subdivision, reorganization,
reclassification, recapitalization, stock split, reverse stock split, combination or exchange of shares or other similar event (it being understood that, for purposes of this Agreement, a Person shall be deemed to be a Holder of Registrable
Securities whenever such Person in its sole discretion has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition has actually been effected); provided, however, that as to any
particular Registrable Securities, such securities shall cease to constitute Registrable Securities for all purposes of this Agreement when such securities (a) have been sold pursuant to an effective Registration Statement or in compliance with
Rule 144 under the Securities Act, (b) have been sold in a transaction where a subsequent public distribution of such securities would not require registration under the Securities Act, (c) are eligible for sale pursuant to Rule 144 under
the Securities Act without limitation thereunder on volume or manner of sale, (d) are not outstanding or (e) have been transferred in violation of the Articles of Association (or any combination of clauses (a), (b), (c), (d) and (e)), and
the Company’s obligations regarding Registrable Securities hereunder shall cease to apply with respect to such securities. 

“Registration Expenses” means the costs and expenses of any registration or sale hereunder, other than Selling Expenses (as
hereinafter defined). Registration Expenses shall include, without limitation, (i) transfer agent’s and registrar’s fees, (ii) the fees and disbursements of counsel for the Company, (iii) all fees and expenses incurred by
the Company in connection with any “road show” for underwritten offerings of Registrable Securities, including the Company’s and its representatives’ costs of travel, lodging and meals and (iv) the fees and disbursements of
independent certified public accountants and other advisors retained directly by the Company (including the fees and disbursements associated with the preparation of any customary comfort letters to be provided by the auditors to the Company). 

“Registration Statement” means any registration statement of the Company under the Securities Act which covers any of the
Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus, all amendments and supplements to such Registration Statement, including post-effective amendments, all exhibits and all documents incorporated by
reference in such Registration Statement. 
 “Restricted Shareholder” has the meaning given in the Articles of Association.

 “Restricted Shares” has the meaning given in the Articles of Association. 

“Restricted Transferee” has the meaning given in the Articles of Association. 

“Rule 144” means Rule 144 under the Securities Act, as in effect from time to time, or any successor rule thereto. 

“SEC” means the Securities and Exchange Commission or any successor agency administering the Securities Act and the Exchange
Act at the time. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder. 

  
 -4- 

 “Selling Expenses” means, in relation to any registration or sale by or for the
benefit of any holder of Registrable Securities, (i) any SEC or other registration fees (or equivalent fees in any other jurisdiction, including any fees under Section 7(a)(iv)) for any Registrable Securities registered for the benefit of
such Holder, (ii) any fees of the Financial Industry Regulatory Authority in connection with Registrable Securities registered for the benefit of such Holder, (iii) any fees of the Depositary in connection with the registration or sale of
any ADSs registered for the benefit of such Holder or in connection with the deposit of Ordinary Shares in exchange for ADSs, (iv) any stamp duty, stock transfer or similar transaction tax arising out of the sale of such Registrable Securities,
(v) any underwriting fees, discounts and selling commissions to be paid to any underwriter, agent, dealer or other financial intermediary, (vi) such Holder’s own selling and marketing expenses including (in the case of a Shelf
Registration or a Demand Registration) the costs of printing and distributing any Prospectus in preliminary or final form as well as any supplements thereto, (vii) all fees and expenses incurred by such Holder (but not the Company) in
connection with any “road show” for underwritten offerings of Registrable Securities, including such Holder’s own costs of travel, lodging and meals and (viii) any fees and out of pocket expenses of any legal counsel,
underwriter, agent, dealer or other financial intermediary for such Holder or its advisors. 
 “Shelf Registration” has the
meaning set forth in Section 2(b). 
 “Shelf Registration Statement” means a Registration Statement on Form F-3 or any then appropriate form for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, as in effect from time to time, or any successor rule thereto. 

“Shelf Takedown” has the meaning set forth in Section 2(f). 

“Successor” has the meaning given in the Articles of Association. 

“Suspension” has the meaning set forth in Section 6(a). 

“Suspension Notice” has the meaning set forth in Section 6(b). 

“Termination Date” means the first date on which there is no Holder of Registrable Securities (together with its Permitted
Transferees) that owns more than the lesser of (i) US$ 2.5 billion in market value of the Company’s equity securities (assuming for purposes of this calculation that one Restricted Share has the same market value as one Ordinary
Share), and (ii) 1.5% of the Company’s outstanding share capital (excluding treasury shares); provided that in the circumstances described in Section 7(g), the Termination Date shall be deemed not to have occurred until completion of the
offering contemplated thereby. 
 “transfer” means, when used as a noun, any direct or indirect, voluntary or involuntary,
sale, contribution, offer, grant of option, disposal, pledge, charge, assignment, mortgage, grant of lien or any security interest or other transfer (including the creation of any derivative or synthetic interest, including a participation or other
similar interest) and, when used as a verb, voluntarily to directly or indirectly sell, contribute, offer, grant any option, otherwise dispose of, pledge, charge, assign, mortgage, grant any lien or any security interest on or otherwise transfer, in
any case, whether by operation of law or otherwise. 

  
 -5- 

 “Underwriting Agreement” means any agreement providing for a distribution of
securities in which the distributor would be deemed to be an “underwriter” for purposes of Section 2(a)(11) of the Securities Act and the interpretations of the SEC thereunder. 

“underwritten offering” means an offering of securities pursuant to a Registration Statement conducted by one or more
underwriters pursuant to the terms of an Underwriting Agreement. 
 “Underwritten Shelf Takedown” has the meaning set forth
in Section 2(f). 
 “Underwritten Shelf Takedown Notice” has the meaning set forth in Section 2(f). 

“WKSI” means a “well known seasoned issuer” as defined in Rule 405 under the Securities Act. 

(b) In addition to the above definitions, unless the context requires otherwise: 

(i) any reference to any statute, regulation, rule or form as of any time shall mean such statute, regulation, rule or form as
amended or modified and shall also include any successor statute, regulation, rule or form, as amended, from time to time; 

(ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”, in each case notwithstanding the absence of any express statement to such effect, or the presence of such express statement in some contexts and not in others; 

(iii) references to “Section” are references to Sections of this Agreement; 

(iv) words such as “herein”, “hereof”, “hereinafter” and “hereby” when used in this
Agreement refer to this Agreement as a whole; and 
 (v) references to “dollars” and “$” mean U.S.
dollars. 

  
 -6- 

 Section 2. Shelf Registration. 

(a) Qualification to Register. The Company shall use its best efforts to qualify and remain qualified to register securities pursuant
to a registration statement on Form F-3 (or any successor form) under the Securities Act. 
 (b)
WKSI F-3 Filing. If the Company is eligible to use Form F-3 and is a WKSI, then following the receipt by the Company of a written notice of a request in respect
of a Shelf Registration Statement (a “Shelf Registration Request”) from any Holder or group of Holders which (singly or in aggregate) are Eligible Holders at the time such Shelf Registration Request is made, the Company shall use
its best efforts to prepare and file with the SEC an Automatic Shelf Registration Statement for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, as in effect from time to time, or any successor
rule thereto (a “Shelf Registration”) so that such Automatic Shelf Registration Statement becomes effective under the Securities Act on or before the later of (i) the date which is 30 days after the date the Company receives
the Shelf Registration Request and (ii) the Expiration Date. 
 (c) Non-WKSI F-3 Filing. If the Company is eligible to use Form F-3 but is a not a WKSI, then following the receipt by the Company of a Shelf Registration Request from a Holder or
group of Holders which (singly or in aggregate) are Eligible Holders at the time such Shelf Registration Request is made, the Company shall use its best efforts (x) to prepare and file with the SEC a Shelf Registration Statement for a Shelf
Registration on or before the later of (i) the date which is 45 days after the date the Company receives the Shelf Registration Request and (ii) the date which is two months before the Expiration Date and (y) to cause the Shelf
Registration Statement to become effective under the Securities Act on or before the later of (i) the date which is two months after the date the Company receives the Shelf Registration Request and (ii) the Expiration Date. 

(d) Effectiveness. The Company shall use its best efforts to keep any Shelf Registration Statement that becomes effective under the
Securities Act or is declared effective by the SEC continuously effective and in compliance with the Securities Act and useable for the resale of Registrable Securities for the time period specified in the applicable Shelf Registration Request but
for no time period longer than the period ending on the earliest of (A) the date on which all Registrable Securities covered by such Shelf Registration have been sold pursuant to such Shelf Registration Statement, (B) the date as of which
there are no longer any Registrable Securities covered by such Shelf Registration Statement in existence, (C) the date on which such Shelf Registration Statement expires (provided that the Company shall renew such Shelf Registration
Statement upon such expiration) and (D) the Termination Date. 
 (e) Additional Registrable Securities; Additional Selling
Stockholders. Subject to Section 6, at any time and from time to time that a Shelf Registration Statement is effective, if a Holder of Registrable Securities requests (i) the registration under the Securities Act of additional
Registrable Securities pursuant to such Shelf Registration Statement or (ii) that such Holder be added as a selling shareholder in such Shelf Registration Statement, the Company shall as promptly as practicable amend or supplement the Shelf
Registration Statement to cover such additional Registrable Securities and/or Holder. 

  
 -7- 

 (f) Right to Effect Shelf Takedowns. Subject to Section 6, at any time and from time
to time when a Shelf Registration Statement is effective and until the Termination Date, each Holder shall be entitled to sell any or all of the Registrable Securities covered by such Shelf Registration Statement (a “Shelf
Takedown”), but only upon not less than fifteen (15) Business Days’ prior written notice (an “Underwritten Shelf Takedown Notice,” and the Holder or group of Holders delivering such Underwritten Shelf Takedown
Notice, the “Notifying Holder(s)”) to the Company if such takedown is to be underwritten (an “Underwritten Shelf Takedown”). The Notifying Holder(s) shall be entitled to issue an Underwritten Shelf Takedown Notice
only if the number of Registrable Securities included in such Underwritten Shelf Takedown would reasonably be expected to yield aggregate gross proceeds to the Notifying Holder(s) of at least US$200,000,000 (based on the then-current market prices).
No later than five (5) Business Days after receipt of an Underwritten Shelf Takedown Notice, the Company shall give written notice to each Holder of Registrable Securities that, to its knowledge, holds (together with its Permitted Transferees)
at least 1.0% of the Company’s outstanding share capital and the Company shall include in such Underwritten Shelf Takedown all Registrable Securities with respect to which the Company has received a written request for inclusion therein from a
Holder within five (5) Business Days of the Company’s notice pursuant to this sentence. Each Holder shall give the Company prompt written notice of the consummation of any Shelf Takedown that is not underwritten. 

(g) Priority on Underwritten Shelf Takedowns. The Company may include Ordinary Shares other than Registrable Securities in an
Underwritten Shelf Takedown for any accounts (including for the account of the Company) on the terms provided below, but only with the consent of the managing underwriters of such offering and the Notifying Holder(s) (such consent not to be
unreasonably withheld, conditioned or delayed). Subject to such consent having been received, if the managing underwriters of such Underwritten Shelf Takedown advise the Company and the Notifying Holder(s) in writing that, in their opinion, the
number of Ordinary Shares proposed to be included in such Underwritten Shelf Takedown, including all Registrable Securities and all other Ordinary Shares proposed to be included in such offering, exceeds the number of Ordinary Shares which can
reasonably be expected to be sold in such offering without adversely affecting the success of the offering (including the price per share, timing or distribution of the Ordinary Shares proposed to be sold in such offering), the Company shall include
in such Underwritten Shelf Takedown: (i) first, the Registrable Securities proposed to be sold by the Notifying Holder(s) in such offering, (ii) second, the Registrable Securities proposed to be sold by any other Holder(s) requesting to
participate in such offering and (iii) third, any Ordinary Shares proposed to be included therein by any other Persons (including Ordinary Shares to be sold for the account of the Company and/or any other holders of Ordinary Shares), allocated,
in the case of this clause (iii), among such Persons in such manner as the Company may determine. If more than one Holder is participating in such Underwritten Shelf Takedown and the managing underwriters of such offering determine that the number
of Ordinary Shares which may be included in such offering without adversely affecting the success of the offering (including the price per share, timing or distribution of the Ordinary Shares to be sold in such offering) is less than the number of
Registrable Securities proposed to be included in the Underwritten Shelf Takedown pursuant to clauses (i) and (ii) above, as applicable, then the amount of Registrable Securities so sold in such offering shall be allocated first pro rata among
the participating Notifying Holders on the basis of the number of Registrable Securities initially requested to be sold by each such Notifying Holder in the offering and then, if there remain 

  
 -8- 

 
available any Registrable Securities to be sold, pro rata among any other Holders requesting to participate in the offering. The provisions of this paragraph (g) apply only to an offering
that a Holder has requested be an Underwritten Shelf Takedown. 
 (h) Selection of Underwriters. The Notifying Holder(s) shall
jointly (i) select the investment banking firm or firms to act as the managing underwriter or underwriters in connection with such offering and (ii) otherwise jointly manage and direct all decisions required for effecting such Underwritten
Shelf Takedown; provided that any investment banking firm or firms selected pursuant to clause (i) above shall be selected subject to the approval of the Company, which approval shall not be unreasonably withheld, conditioned or delayed
and (ii) the Company shall select the investment banking firm(s) from among those nominated by the Notifying Holder(s) if the Notifying Holder(s) cannot agree on such selection. 

Section 3. Demand Registrations. 

(a) Right to Demand Registrations. Until the Termination Date, if the Company is not eligible to use Form F-3 (or fails to comply with its obligations pursuant to Section 2(a), (b), (c) or (d)), any Holder or group of Holders which (singly or in aggregate) are, Eligible Holders at the time such request is made, by
providing written notice to the Company, may request to sell all or part of its Registrable Securities pursuant to a Registration Statement on Form F-1 (a “Demand Registration”). Each request
for a Demand Registration (a “Demand Registration Request”) shall specify the number of Registrable Securities intended to be offered and sold by such Holder pursuant to the Demand Registration and the intended method of
distribution thereof, including whether it is intended to be an underwritten offering. No later than five (5) Business Days after receipt of a Demand Registration Request, the Company shall give written notice of the Demand Registration Request
to all other Holders of Registrable Securities. As promptly as practicable and no later than forty-five (45) days after receipt of a Demand Registration Request, the Company shall file a Registration Statement on Form F-1 covering all Registrable Securities (i) that have been requested to be registered in the Demand Registration Request and (ii) subject to Section 3(d), with respect to which the Company has received a
written request for inclusion in the Demand Registration from a Holder no later than ten (10) Business Days after the date on which the Company has given notice to Holders of the Demand Registration Request. The Company shall use its best
efforts to cause the Registration Statement filed pursuant to this Section 3(a) to be declared effective by the SEC or otherwise become effective under the Securities Act within 60 days from the original filing date thereof. Notwithstanding the
foregoing, the Company shall not be required to effect a Demand Registration on Form F-1 unless the number of Registrable Securities included in such Demand Registration (i) would reasonably be expected
to yield gross proceeds to such Holder(s) of at least US$750,000,000 (based on the then-current market prices). 
 (b) Effectiveness and
Withdrawal. Upon the date of effectiveness of any Demand Registration for an underwritten offering and if such offering is priced promptly on or after such date, the Company shall use its best efforts to keep the Registration Statement filed
pursuant to Section 3(a) effective for a period equal to 60 days from such date or such shorter period, which shall terminate when all of the Registrable Securities covered by such Demand Registration have been sold by the participating Holder(s). A
Holder may, by written notice to the Company, withdraw its Registrable Securities from a Demand Registration at any time prior to the 

  
 -9- 

 
effectiveness of the applicable Registration Statement. Upon receipt of notices from Holders to such effect that would result in the number of Registrable Securities included in such Demand
Registration being such that the Demand Registration is reasonably expected to yield gross proceeds to the remaining Holder(s) of less than US$750,000,000 (based on the then-current market prices), the Company may (in its sole discretion) cease all
efforts to seek effectiveness of the applicable Registration Statement, unless the Company intends to effect a primary offering of securities pursuant to such Registration Statement 

(c) Underwritten Offerings. A Holder or group of Holders making a Demand Registration Request shall be entitled to request an
underwritten offering pursuant to a Demand Registration. The Holder(s) requesting a Demand Registration shall jointly (i) select the investment banking firm or firms to act as the managing underwriter or underwriters in connection with such
offering and (ii) otherwise jointly manage and direct all decisions required for effecting such Demand Registration; provided that (A) any investment banking firm or firms selected pursuant to clause (i) above shall be selected
subject to the approval of the Company, which approval shall not be unreasonably withheld, conditioned or delayed and (ii) the Company shall select the investment banking firm(s) from among those nominated by the selling Holder(s) if the
Holders cannot agree on such selection. 
 (d) Priority on Underwritten Demand Registrations. The Company may include Ordinary Shares
other than Registrable Securities in a Demand Registration for any accounts (including for the account of the Company) on the terms provided below if such Demand Registration is an underwritten offering and only with the consent of the managing
underwriters of such offering and the Holders that made such Demand Registration Request (such consent not to be unreasonably withheld, conditioned or delayed). Subject to such consent having been received, if the managing underwriters of the
requested Demand Registration advise the Company and the Holders participating in such Demand Registration that, in their opinion, the number of Ordinary Shares proposed to be included in such Demand Registration, including all Registrable
Securities and all other Ordinary Shares proposed to be included in such offering, exceeds the number of Ordinary Shares which can reasonably be expected to be sold in such offering without adversely affecting the success of the offering (including
the price per share, timing or distribution of the Ordinary Shares proposed to be sold in such offering), the Company shall include in such Demand Registration: (i) first, the Registrable Securities proposed to be sold by Holders in such
offering and (ii) second, any Ordinary Shares proposed to be included therein by any other Persons (including Ordinary Shares to be sold for the account of the Company and/or any other holders of Ordinary Shares), allocated, in the case of this
clause (ii), among such Persons in such manner as the Company may determine. If more than one Holder is participating in such Demand Registration and the managing underwriters of such offering determine that the number of Ordinary Shares which may
be included in such offering without adversely affecting the success of the offering (including the price per share, timing or distribution of the Ordinary Shares to be sold in such offering) is less than the number of Registrable Securities
proposed to be included in the Demand Registration pursuant to clause (i) above, then the amount of Registrable Securities so sold in such offering shall be allocated pro rata among the participating Holders on the basis of the number of
Registrable Securities initially request to be sold by each such Holder in the offering. The provisions of this paragraph (d) apply only to an offering that a Holder has requested be an underwritten Demand Registration. 

  
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 Section 4. Piggyback Registrations. 

(a) Subject to Section 4(b), whenever prior to the Termination Date the Company proposes to register any Ordinary Shares under the Securities
Act (other than a registration (i) pursuant to a Registration Statement on Form S-8 (or other registration solely relating to an offering or sale to employees or directors of the Company pursuant to any
employee stock plan or other employee benefit arrangement), (ii) pursuant to a Registration Statement on Form F-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or
any successor rule thereto), (iii) in connection with any dividend or distribution reinvestment or similar plan, (iv) of Ordinary Shares or other securities issuable or deliverable in connection with the Deferred Share Entitlements or
(v) in connection with any securities issuable or deliverable upon the conversion or exchange of any convertible or exchangeable debt instruments), whether for its own account or for the account of one or more shareholders of the Company (other
than the Holders of Registrable Securities) and the form of Registration Statement to be used may be used for any registration of Registrable Securities (a “Piggyback Registration”), the Company shall give at least ten
(10) Business Days’ prior written notice to each Holder of Registrable Securities that, to its knowledge, holds (together with its Permitted Transferees) at least 1.0% of the Company’s outstanding share capital of its intention to
effect such a registration and, subject to Sections 4(b) and 4(c), shall include in such Registration Statement and in any offering of Ordinary Shares to be made pursuant to such Registration Statement that number of Registrable Securities
requested to be sold in such offering by such Holder for the account of such Holder; provided that the Company has received a written request for inclusion therein from such Holder no later than five (5) Business Days after the date on
which the Company has given notice of the Piggyback Registration to Holders or, in the case of a primary offering, such shorter time as is reasonably specified by the Company in light of the circumstances; provided, further, that only
Registrable Securities of the same class or classes as the securities being registered may be included. This Agreement alone shall not be interpreted to impose on the Company any obligation to proceed with any Piggyback Registration and the Company
may, in its sole discretion, abandon, terminate and/or withdraw a Piggyback Registration for any reason at any time prior to the pricing thereof. If a Piggyback Registration is effected pursuant to a Registration Statement on Form F-3 or the then appropriate form for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act or any successor rule thereto (a “Piggyback Shelf Registration
Statement”), the Holders of Registrable Securities shall be notified by the Company of and shall have the right, but not the obligation, to participate in any offering pursuant to such Piggyback Shelf Registration Statement (a
“Piggyback Shelf Takedown”), subject to the same limitations that are applicable to any other Piggyback Registration as set forth above. 

(b) Priority on Primary Piggyback Registrations. If a Piggyback Registration or Piggyback Shelf Takedown is initiated as a primary
underwritten offering on behalf of the Company and the managing underwriters of the offering advise the Company that, in their opinion, the number of Ordinary Shares proposed to be included in such offering, including all Registrable Securities and
all other Ordinary Shares proposed to be included in such offering, exceeds the number of Ordinary Shares that can reasonably be expected to be sold in such offering without adversely affecting the success of the offering (including the price per
share, timing or distribution of the Ordinary Shares to be sold in such offering), the Company shall include in such Piggyback Registration or Piggyback Shelf Takedown: (i) first, the number of

  
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Ordinary Shares that the Company proposes to sell in such offering; and (ii) second, any Ordinary Shares proposed to be included in such offering by any other Person to whom the Company
has a contractual obligation to facilitate such offering (including any Registrable Securities requested to be included therein by a Holder), allocated, in the case of this clause (ii), pro rata among such Persons on the basis of the number of
Ordinary Shares initially proposed to be included by each such Person in such offering, up to the number of Ordinary Shares, if any, that the managing underwriters determine can be included in the offering without otherwise materially adversely
affecting the success of the offering (including the price per share, timing or distribution of the Ordinary Shares to be offered in such offering). 

(c) Priority on Secondary Piggyback Registrations. If a Piggyback Registration or a Piggyback Shelf Takedown is initiated as an
underwritten offering on behalf of a holder of Ordinary Shares to which the Company has a contractual obligation to facilitate such offering, other than Holders of Registrable Securities, and the managing underwriters of the offering advise the
Company that, in their opinion, the number of Ordinary Shares proposed to be included in such offering, including all Registrable Securities and all other Ordinary Shares requested to be included in such offering, exceeds the number of Ordinary
Shares which can be sold in such offering without adversely affecting the success of the offering (including the price per share, timing or distribution of the Ordinary Shares to be sold in such offering), the Company shall include in such Piggyback
Registration or Piggyback Shelf Takedown: (i) first, the number of Ordinary Shares that the Person demanding the offering pursuant to such contractual right proposes to sell in such offering; and (ii) second, any Ordinary Shares
proposed to be sold for the account of the Company in such offering, any Registrable Securities requested to be included in such offering by a Holder and any Ordinary Shares proposed to be included in such offering by any other Person to which the
Company has a contractual obligation to facilitate such offering, allocated, in the case of this clause (ii), pro rata among the Company, such Holders and such Persons on the basis of the number of Ordinary Shares initially proposed to be included
by the Company, each such Holder and each such other Person in such offering, up to the number of Ordinary Shares, if any, that the managing underwriters determine can be included in the offering without materially adversely affecting the success of
the offering (including the price per share, timing or distribution of the Ordinary Shares to be offered in such offering). 
 (d)
Selection of Underwriters. If a Piggyback Registration or Piggyback Shelf Takedown is initiated as a primary or secondary underwritten offering, the Holder shall not have any rights to select the investment banking firm(s) to act as the
managing underwriter(s) in connection with such offering. 
 (e) Basis of Participation. No Holder may sell Registrable Securities in
any offering pursuant to its right to participate in a Piggyback Registration unless it (a) agrees to sell such Registrable Shares on the same basis provided in the Underwriting Agreement or other distribution arrangements approved by the
Company and that apply to the Company or any other Holders involved in such Piggyback Registration and (b) completes and executes all questionnaires, powers of attorney, indemnities, Underwriting Agreements, lockups and other documents required
under the terms of such arrangements, in the case of each of clauses (a) and (b), to the extent reasonable and customary for underwritten offerings of securities. 

(f) Notice to Other Beneficial Holders. At substantially the same time as the Company gives notice to the Holders of a Piggyback
Registration, it shall use its reasonable efforts to contact any Person that, to its knowledge, is a holder or beneficial owner of Restricted Shares in the Company representing at least 1.0% of the Company’s outstanding share capital, advising
them of the right of such Person to accede to this Agreement as a Holder pursuant to Section 12, and of the ability of such Person, following its accession as a Holder, to participate in the Piggyback Registration. 

  
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 Section 5. Holdback Agreements. 

(a) Each Holder agrees that in connection with any registered underwritten offering of Ordinary Shares (or other securities convertible or
exchangeable for, or otherwise representing a right to acquire or an economic interest in, Ordinary Shares) effected prior to the Termination Date for which the Holders are provided their piggyback rights, if any, in accordance with Section 4(a),
Section 4(b) and Section 4(c), and upon request from the managing underwriter(s) for such offering, such Holder shall not, without the prior written consent of such managing underwriter(s), during such period as is reasonably requested by the
managing underwriter(s) (which period shall in no event be longer than three (3) days prior to and ninety (90) days after the pricing of such offering), sell, transfer, pledge, issue, grant or otherwise dispose of, directly or indirectly
(including by means of a short sale), or request the registration of, any Registrable Securities (or any securities of any Person that are convertible into or exchangeable for, or otherwise represent a right to acquire, any Registrable Securities)
or (y) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of holding Registrable Securities (or any securities of any Person that are convertible into or exchangeable for,
or otherwise represent a right to acquire, any Registrable Securities), whether any such transaction described in clause (x) or (y) is to be settled by delivery of Registrable Securities or such other securities, in cash or otherwise. The
foregoing provisions of this Section 5(a) shall not apply to offers or sales of Registrable Securities that are included in an offering pursuant to Sections 2, 3 or 4 of this Agreement and shall be applicable to the Holders only if, for so long as
and to the extent that the Company and each selling securityholder included in such offering are subject to the same restrictions. Each Holder agrees to execute and deliver such agreements as may be reasonably requested by the managing
underwriter(s) that are consistent with the foregoing provisions of this Section 5(a) and are necessary to give further effect thereto. 

(b) To the extent requested by the managing underwriter(s) for an underwritten offering pursuant to Sections 2 or 3 of this Agreement, the
Company shall not, and shall cause its subsidiaries not to, effect any sale registered under the Securities Act or other public distribution of equity during such period as is reasonably requested by the managing underwriter(s) (which period shall
in no event be longer than three (3) days prior to and ninety (90) days after the pricing of such offering), and the Company shall sign customary “lock up” agreements containing provisions consistent with the foregoing, other
than a registration (i) pursuant to a Registration Statement on Form S-8 (or other registration solely relating to an offering or sale to employees or directors of the Company pursuant to any employee
stock plan or other employee benefit arrangement), (ii) pursuant to a Registration Statement on Form F-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any
successor rule thereto), (iii) in connection with any dividend or distribution reinvestment or similar plan, (iv) of 

  
 -13- 

 
Ordinary Shares or other securities issuable or deliverable in connection with the Deferred Share Entitlements or (v) in connection with any securities issuable or deliverable upon the
conversion or exchange of any convertible or exchangeable debt instruments. For the avoidance of doubt, the provisions of this Section 5(b) shall apply only in respect of an underwritten offering and only if the number of Registrable Securities to
be sold in the offering would reasonably be expected to yield gross proceeds to the participating Holders(s) of at least $200,000,000 (based on the then-current market prices) in a Shelf Takedown pursuant to Section 2 or $750,000,000 (based on
the then-current market prices) in a Demand Registration on Form F-1 pursuant to Section 3. 

Section 6. Suspensions.  

(a) Notwithstanding any other provision of this Agreement, the Company shall be entitled to delay or suspend the filing, effectiveness or use
of a Registration Statement or Prospectus (including by withdrawing or declining to amend any Registration Statement or Prospectus that has been filed or by declining to take any other actions otherwise required hereunder with regard to any
Registration Statement or Prospectus) (a “Suspension”) (a) at such times as are required by law (including the EU Market Abuse Regulation) or (b) if either (x) the board of directors of the Company or (y) the Chief
Executive Officer of the Company determines reasonably that the participation of the Company would reasonably be expected to either (i) require public disclosure of material non-public information that
would not otherwise be required to be disclosed or (ii) have a material adverse effect on any pending negotiation or plan to effect a merger, acquisition, disposition, financing, reorganization, recapitalization or other similar transaction.
The Company shall provide written notice (which may be by email only to the primary email address provided by each Holder on the Counterpart hereto (or any update thereto)) to any affected Holder of the commencement and termination of any Suspension
(and any withdrawal of a Registration Statement pursuant to this Section 6) (each, a “Suspension Notice”), but shall not be obligated under this Agreement to disclose the reasons therefor. Each Holder which becomes aware of the
existence of a Suspension pursuant to this Section 6 shall keep the existence of such Suspension confidential and shall immediately discontinue (and direct any other Person making offers or sales of Registrable Securities on behalf of such
Holder to immediately discontinue) offers and sales of Registrable Securities pursuant to such Registration Statement or Prospectus until such time as it is advised in writing by the Company that the use of the Registration Statement or Prospectus
may be resumed and, if applicable, is furnished by the Company with a supplemented or amended Prospectus as contemplated by Section 7(a)(vi). 

(b) Without the prior written consent of Holders representing 12% of the Company’s outstanding share capital (excluding treasury shares),
in no event (i) may the Company implement a Suspension with respect to any Holder more than twice in any twelve-month period and (ii) shall a Suspension or Suspensions be in effect for an aggregate of 120 days or more in any twelve-month
period. 
 Section 7. Registration Procedures.  

(a) If and whenever the Company is required to effect the registration of any Registrable Securities pursuant to this Agreement, the Company
shall use its best efforts to effect the registration and to facilitate the offering and sale of such Registrable Securities in accordance with the intended methods of disposition thereof and, pursuant thereto, the Company shall, as applicable: 

(i) use its best efforts to prepare and file with the SEC a Registration Statement with respect to such Registrable Securities,
make all required filings required in connection therewith and (if the Registration Statement is not automatically effective upon filing) use its best efforts to cause such Registration Statement to become effective as promptly as practicable; 

  
 -14- 

 (ii) use its best efforts to prepare and file with the SEC such amendments and
supplements to any Registration Statement and the Prospectus used in connection therewith as may be necessary to comply with the applicable requirements of the Securities Act and to keep such Registration Statement effective for the relevant period
hereunder, but no longer than is necessary to complete the distribution of the Registrable Securities covered by such Registration Statement and to facilitate compliance with the applicable requirements of the Securities Act with respect to the
disposition of all the Ordinary Shares covered by such Registration Statement during such period in accordance with the intended methods of disposition set forth in such Registration Statement; 

(iii) furnish to each Holder participating in the registration, such number of copies of the Prospectus included in such
Registration Statement (including each preliminary Prospectus) and any supplement thereto and such other documents as such participating Holder may reasonably request, including in order to facilitate the disposition of the Registrable Securities of
such Holder covered by such Registration Statement in conformity with the requirements of the Securities Act; 
 (iv) use its
best efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of such U.S. jurisdiction(s) as any Holder participating in the registration or any managing underwriter reasonably requests and do any and
all other acts and things that may be necessary or reasonably advisable to enable such Holder and each underwriter, if any, to consummate the disposition of such Holder’s Registrable Securities in such jurisdiction(s); provided that the
Company shall not be required to qualify generally to do business, subject itself to taxation or consent to general service of process in any jurisdiction where it would not otherwise be required to do so but for its obligations pursuant to this
Section 7(a)(iv); 
 (v) promptly notify each Holder participating in the registration and the managing underwriters of
any underwritten offering: 
 (1) each time when the Registration Statement, any
pre-effective amendment thereto, the Prospectus or any Prospectus supplement or any post-effective amendment to the Registration Statement has been filed and, with respect to the Registration Statement or any
post-effective amendment thereto, when the same has become effective (provided that the Company shall not be required to notify Holders of any Forms 6-K filed with the SEC that are incorporated into the
Registration Statement in the ordinary course); 

  
 -15- 

 (2) of any request by the SEC for amendments or supplements to the Registration
Statement or the Prospectus or for any additional information regarding such Holder; 
 (3) of the issuance by the SEC of any
stop order suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceedings for any such purpose; and 

(4) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable
Securities for sale under the applicable securities or blue sky laws of any jurisdiction; 
 (vi) other than during a
Suspension, notify each Holder participating in such registration, at any time when a Prospectus relating thereto is required to be delivered under the Securities Act, of the occurrence of any event that would cause the Prospectus included in such
Registration Statement to contain an untrue statement of a material fact or to omit any fact necessary to make the statements made therein not misleading in light of the circumstances under which they were made, and, at the request of a Holder
participating in such registration, use best efforts to prepare and file with the SEC, as soon as practicable, a supplement or amendment to such Prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such
Prospectus will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading in light of the circumstances under which they were made; 

(vii) in the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, any order
suspending or preventing the use of any related Prospectus or any suspension of the qualification or exemption from qualification of any Registrable Securities for sale in any jurisdiction, use its best efforts to promptly obtain the withdrawal or
lifting of any such order or suspension; 
 (viii) not file or make any amendment to any Registration Statement with respect
to any Registrable Securities, or any amendment of or supplement to the Prospectus used in connection therewith, that refers to any Holder covered thereby by name or otherwise identifies such Holder as the holder of any securities of the Company
without the consent of such Holder (such consent not to be unreasonably withheld or delayed), unless and to the extent such disclosure is required by law; provided that (i) each Holder shall furnish to the Company in writing such
information regarding itself and the distribution proposed by it as is required for use in a Registration Statement or Prospectus and (ii) each Holder agrees to notify the Company as promptly as reasonably practicable of any inaccuracy or
change in information previously furnished to the Company by such Holder or of the occurrence of any event that would cause the Prospectus included in such Registration Statement to contain an untrue statement of a material fact regarding such
Holder or the distribution of such Registrable Securities or to omit to state any material fact regarding such Holder or the distribution of such Registrable Securities required to be stated therein or necessary to make the statements made therein
not misleading in light of the circumstances under which they were made 

  
 -16- 

 
and to furnish to the Company, as promptly as practicable, any additional information required to correct and update the information previously furnished by such Holder such that such Prospectus
shall not contain any untrue statement of a material fact regarding such Holder or the distribution of such Registrable Securities or omit to state a material fact regarding such Holder or the distribution of such Registrable Securities necessary to
make the statements therein not misleading in light of the circumstances under which they were made; 
 (ix) at the election
of any Holder participating in such registration, to take all steps reasonably necessary to permit the deposit of such Holder’s Registrable Securities that are not then held in the form of ADSs into such depositary receipt facility as the
Company may then sponsor, and to prepare and file with the SEC any amendment to an existing Registration Statement on Form F-6, if necessary, to cover any ADSs held by such Holder or that will be held by any
purchaser of Registrable Securities to be sold under any Registration Statement, it being understood that any customary fees, charges and taxes payable in connection with any deposit of Registrable Securities into a depositary receipt facility then
sponsored by the Company shall be borne by the Holders pro rata on the basis of the number of Registrable Securities of each Holder to be deposited in accordance with this Section 7(a)(ix); 

(x) use its best efforts to cause all such ADSs constituting Registrable Securities which are registered to be listed on each
securities exchange on which the ADSs representing the Ordinary Shares are then listed and to be eligible and remain eligible for registration of the ADSs pursuant to Form F-6; 

(xi) cooperate with the relevant Holders and the Depositary to facilitate the timely delivery of ADSs (in book entry or
certificated form) to be delivered pursuant to Section 7(a)(ix) above, which ADSs shall be free of all restrictive legends; 

(xii) cooperate with each Holder participating in such registration and each underwriter or agent participating in the
disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the FINRA, including the use reasonable best efforts to obtain FINRA’s
pre-clearance or pre-approval of the Registration Statement and applicable Prospectus upon filing with the SEC; 

(xiii) provide a transfer agent and registrar (which may be the same entity) for all such Registrable Securities not later than
the effective date of such Registration Statement; 
 (xiv) in the case of an underwritten offering in which a Holder
participates pursuant to a Demand Registration, a Piggyback Registration or a Shelf Registration, and to the extent not prohibited by applicable law, make reasonably available for inspection by the managing underwriter(s) of such underwritten
offering pursuant to such Registration Statement and one law firm and one accounting firm acting for all such managing underwriter(s), pertinent corporate documents and financial and other records of the Company and its subsidiaries and controlled
Affiliates, cause the Company’s 

  
 -17- 

 
officers, employees and independent accountants to supply information reasonably requested by such managing underwriter(s), law firm or accounting firm in connection with such registration or
offering, make senior management of the Company and the Company’s independent accountants available for customary due diligence and request them to provide customary comfort letters to such underwriters in connection therewith and request the
Company’s counsel to furnish customary legal opinions and disclosure letters to such underwriters in connection therewith; provided, however, that any Person gaining access to such records and other information or personnel of the
Company pursuant to this Section 7(a)(xiv) shall (i) reasonably cooperate with the Company to limit any resulting disruption to the Company’s business and (ii) protect the confidentiality of any information regarding the Company which
the Company determines in good faith to be confidential and of which determination such Person is notified, unless such information (A) is or becomes known to the public without a breach of this Agreement, (B) is or becomes available to
such Person on a non-confidential basis from a source other than the Company, (C) is independently developed by such Person, (D) is requested or required by a deposition, interrogatory, request for
information or documents by a Governmental Entity, subpoena or similar process or (E) is otherwise required to be disclosed by law; 

(xv) otherwise use its best efforts to comply with all applicable rules and regulations of the SEC, and make available to its
shareholders, as soon as reasonably practicable, a consolidated earnings statement (in a form that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 under the Securities Act or any successor rule thereto) covering the
period of at least 12 months beginning with the first day of the Company’s first full fiscal year after the effective date of the applicable Registration Statement, which requirement shall be deemed satisfied if the Company timely files
complete and accurate information on Forms 20-F and 6-K under the Exchange Act and otherwise complies with Rule 158 under the Securities Act or any successor rule
thereto; 
 (xvi) in the case of an underwritten offering in which a Holder participates pursuant to a Demand Registration, a
Piggyback Registration or a Shelf Registration, promptly incorporate in a supplement to the Prospectus or a post-effective amendment to the Registration Statement such information as is reasonably requested by the managing underwriter(s) or any
Holder participating in such underwritten offering to be included therein, the purchase price for the securities to be paid by the underwriters and any other applicable terms of such underwritten offering, and promptly make all required filings of
such supplement or post-effective amendment; and 
 (xvii) in the case of an underwritten offering in which a Holder
participates pursuant to a Demand Registration, a Piggyback Registration or a Shelf Registration, enter into a customary underwriting agreement for offerings of that kind, containing such provisions (including provisions for indemnification,
opinions of counsel and comfort letters) and take all such other customary and reasonable actions as the managing underwriters of such offering may reasonably request in order to expedite or facilitate the disposition of such Registrable Securities
(including making members of senior management of the Company available at reasonable times and places to participate in “road shows” that the managing underwriter(s) determines are necessary to effect the offering). 

  
 -18- 

 For the avoidance of doubt, the provisions of clauses (v), (xii), (xiv), (xv), (xvi) and
(xvii) of this Section 7 shall apply only in respect of an underwritten offering and only if the number of Registrable Securities to be sold in the offering would reasonably be expected to yield gross proceeds to the participating
Holders(s) of at least $200,000,000 (based on the then-current market prices) in a Shelf Takedown pursuant to Section 2 or $750,000,000 (based on the then-current market prices) in a Demand Registration on
Form F-1 pursuant to Section 3. 
 (b) Each Holder participating in a registration shall
furnish to the Company in writing such information regarding itself and the distribution proposed by it as is required for use in any such Registration Statement or Prospectus, including responses to questionnaires as are customary for similar
transactions, and which the Company may reasonably request or as may be required by applicable securities laws and regulations, and as shall be required in connection with any registration, qualification or compliance referred to in this Agreement.
Each such Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously furnished to the Company or of the happening of any event, in either case as a result of which any Prospectus contains an
untrue statement of a material fact regarding the Holder or the distribution of such Registrable Securities or omits to state any material fact regarding the Holder or the distribution of such Registrable Securities required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and to furnish to the Company promptly any additional information required to correct and update any previously furnished
information or required such that such Prospectus shall not contain, with respect to the Holder or the distribution of such Registrable Securities, an untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 (c) The
Company may require each applicable Holder and each distributor of Registrable Securities as to which any registration is being effected to furnish to the Company information regarding such Person and the distribution of such securities as is
required in connection with such registration. 
 (d) Each Holder agrees by having its Ordinary Shares treated as Registrable Securities
hereunder that, upon being advised in writing by the Company of the occurrence of an event pursuant to Section 7(a)(vi), such Holder will immediately discontinue (and direct any other Persons making offers and sales of Registrable Securities to
immediately discontinue) offers and sales of Registrable Securities pursuant to any Registration Statement (other than those pursuant to a plan that is in effect prior to such time and that complies with Rule
10b5-1 of the Exchange Act) until it is advised in writing by the Company that the use of the Prospectus may be resumed and is furnished with a supplemented or amended Prospectus as contemplated by Section
7(a)(vi), and, if so directed by the Company, each Holder will deliver to the Company all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Registrable Securities current at the time of
receipt of such notice. 

  
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 (e) The Company may prepare and deliver an issuer free writing prospectus (as such term is
defined in Rule 405 under the Securities Act) in lieu of any supplement to a Prospectus, and references herein to any “supplement” to a Prospectus shall include any such issuer free writing prospectus. No Holder or any other seller of
Registrable Securities may use a free writing prospectus to offer or sell any such shares unless it has been provided by the Company or unless the Holder has received the Company’s prior written consent. 

(f) It is understood and agreed that if, solely as a result of unresolved SEC comments, the Company has been unable to file and obtain, or
maintain, effectiveness of a Registration Statement or any amendment or supplement thereto or to cause any such document to become or remain effective or usable within or for any particular period of time as provided in Section 2,
Section 3 or this Section 7, the Company shall not be in breach of this Agreement; provided that the Company has used since the date of the first Request hereunder, and continues to use, its best efforts to resolve such unresolved
SEC comments as promptly as is practicable. 
 (g) It is further understood and agreed that the Company shall not have any obligations under
this Section 7 at any time on or after the Termination Date, unless an underwritten offering initiated pursuant to this Agreement has been priced but not completed prior to the Termination Date, in which event the Company’s obligations
under this Section 7 shall continue with respect to such offering until it is so completed (but not more than 120 days after the commencement of the offering). 

Section 8. Registration and Selling Expenses. 

(a) Subject to the remainder of this Section 8, the Company shall pay directly or, if incurred by any Holder, promptly reimburse to such
Holder, the Registration Expenses applicable to the registration or sale by or for the benefit of such Holder of Registrable Securities. 

(b) Each Holder will bear the Selling Expenses to the extent they relate to a registration or sale in which such Holder participates and shall
be borne by the relevant Holders pro rata on the basis of the number of Registrable Securities of such Holders to be registered and sold under the applicable Registration Statement. Under no circumstances shall any Holder be liable to pay any
Selling Expenses (or share thereof) to the extent they relate to a registration or sale of securities by the Company or another Person that is not a Holder. 

(c) The obligation of the Company to bear and pay for expenses of any registration proceeding under Section 8(a) shall apply irrespective of
whether a registration, once properly demanded or requested, becomes effective or is withdrawn or suspended; provided that the Registration Expenses for any Registration Statement withdrawn solely at the request of one or more Holder(s)
(unless withdrawn following commencement of a Suspension) shall be borne by such Holder(s). If any Holders are required to pay Registration Expenses pursuant to the terms of this paragraph, such expenses shall be borne by the Holders in proportion
to the number of Registrable Securities for which registration was requested by each such Holder. 
 Section 9. Confidentiality.
Each Holder will, and will cause its officers, directors, employees, legal counsel, accountants, financial advisors and other agents and representatives to, 

  
 -20- 

 
hold in confidence any material nonpublic information received by them pursuant to this Agreement, including without limitation any Demand Registration Request made pursuant to Section 3(a), any
written notice of the Company’s intention to effect a registration provided pursuant to Section 4(a), and any material nonpublic information included in any Registration Statement or Prospectus proposed to be filed with the SEC (until such
Registration Statement or Prospectus has been filed) or provided pursuant to Section 7(a)(vii). This Section 9 shall not apply to any information which (a) is or becomes generally available to the public, (b) was already in the
Holder’s possession from a non-confidential source prior to its disclosure by the Company, (c) is or becomes available to the Holder on a non-confidential
basis from a source other than the Company; provided that such source is not known by the Holder to be bound by confidentiality obligations or (d) is required to be disclosed by law. 

Section 10. Indemnification; Contribution. 

(a) The Company shall, to the fullest extent permitted by law, indemnify and hold harmless each Holder of Registrable Securities and any
Person which is or might be deemed to be a “controlling person” of each Holder of Registrable Securities or any of its subsidiaries within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each
such Person, a “Controlling Person”), and their respective directors, officers and employees (each of the foregoing, together with such Holders of Registrable Securities, a “Covered Person”) against any losses,
claims, actions, damages, liabilities and expenses, joint or several, to which such Covered Person may become subject under the Securities Act, the Exchange Act, any state blue sky securities laws, any equivalent
non-U.S. securities laws or otherwise, insofar as such losses, claims, actions, damages, liabilities or expenses arise out of or are based upon (i) any untrue or alleged untrue statement of a material
fact contained in or incorporated by reference in any such Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereto) or any amendment thereof
or supplement thereto or any document incorporated by reference therein, (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading or (iii) any
violation or alleged violation by the Company of the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated thereunder applicable to the Company and relating to any action or inaction required of
the Company in connection with any registration of securities, and the Company shall reimburse such Covered Persons for any legal or other expenses reasonably incurred by such Covered Person in connection with investigating, defending or settling
any such loss, claim, action, damage or liability; provided that the Company shall not be so liable in any such case to the extent that any loss, claim, action, damage, liability or expense arises out of or is based upon any such untrue
statement or alleged untrue statement, or omission or alleged omission, made or incorporated by reference in any such Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the Securities
Act or any successor rule thereto) or any amendment thereof or supplement thereto or any document incorporated by reference therein in reliance upon, and in conformity with, written information prepared and furnished to the Company by such Covered
Person expressly for use therein. This indemnity shall be in addition to any liability the Company may otherwise have. 
 (b) In connection
with any registration in which a Holder of Registrable Securities is participating, each such Holder shall furnish to the Company in writing such information 

  
 -21- 

 
regarding itself as is required for use in any such Registration Statement or Prospectus and shall, to the fullest extent permitted by law, indemnify and hold harmless the Company, its directors
and officers, employees, agents and any Person which is or might be deemed to be a Controlling Person against any losses, claims, actions, damages, liabilities and expenses, joint or several, to which they or any of them may become subject under the
Securities Act, the Exchange Act, any state blue sky securities laws, any equivalent non-U.S. securities laws or otherwise, insofar as such losses, claims, actions, damages, liabilities or expenses arise out
of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the Securities Act or any
successor rule thereto) or any amendment thereof or supplement thereto or (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but, in the case of
each of clauses (i) and (ii), only to the extent that such untrue statement or alleged untrue statement, or omission or alleged omission, is made in such Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as
defined in Rule 405 under the Securities Act or any successor rule thereto) or any amendment thereof or supplement thereto in reliance upon, and in conformity with, written information prepared and furnished to the Company by such Holder expressly
for use therein, and such Holder shall reimburse the Company, its directors and officers, employees, agents and any Person which is or might be deemed to be a Controlling Person for any legal or other expenses reasonably incurred by them in
connection with investigating, defending or settling any such loss, claim, action, damage or liability; provided that the obligation to indemnify pursuant to this Section 10(b) shall be individual and several, not joint and several, for each
participating Holder and shall not exceed an amount equal to the net proceeds (after deducting any Selling Expenses paid by the participating Holders) actually received by such Holder in the sale of Registrable Securities to which such Registration
Statement or Prospectus relates. This indemnity shall be in addition to any liability which such Holder may otherwise have. 
 (c) Any
Person entitled to indemnification hereunder shall give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification; provided that any failure or delay to so notify the indemnifying party shall
not relieve the indemnifying party of its obligations hereunder, except to the extent that the indemnifying party is actually and materially prejudiced by reason of such failure or delay. In case a claim or an action that is subject or potentially
subject to indemnification hereunder is brought against an indemnified party, the indemnifying party shall be entitled to participate in and shall have the right, exercisable by giving written notice to the indemnified party as promptly as
practicable after receipt of written notice from such indemnified party of such claim or action, to assume, at the indemnifying party’s expense, the defense of any such claim or action, with counsel reasonably acceptable to the indemnified
party; provided that any indemnified party shall continue to be entitled to participate in the defense of such claim or action, with counsel of its own choice, but the indemnifying party shall not be obligated to reimburse the indemnified
party for any fees, costs and expenses subsequently incurred by the indemnified party in connection with such defense unless (A) the indemnifying party has agreed in writing to pay such fees, costs and expenses, (B) the indemnifying party
has failed to assume the defense of such claim or action within a reasonable time after receipt of notice of such claim or action, (C) having assumed the defense of such claim or action, the indemnifying party fails to employ counsel reasonably
acceptable to the indemnified party or to pursue the defense of such claim or action in a 

  
 -22- 

 
reasonably vigorous manner, (D) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest or (E) the
indemnified party has reasonably concluded that there may be one or more legal or equitable defenses available to it and/or other any other indemnified party which are different from or additional to those available to the indemnifying party.
Subject to the proviso in the foregoing sentence, no indemnifying party shall, in connection with any one claim or action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general circumstances
or allegations, be liable for the fees, costs and expenses of more than one firm of attorneys (in addition to any local counsel) for all indemnified parties. The indemnifying party shall not have the right to settle a claim or action for which any
indemnified party is entitled to indemnification hereunder without the consent of the indemnified party, and the indemnifying party shall not consent to the entry of any judgment or enter into or agree to any settlement relating to such claim or
action unless such judgment or settlement does not impose any admission of wrongdoing or ongoing obligations on any indemnified party and includes as an unconditional term thereof the giving by the claimant or plaintiff therein to such indemnified
party, in form and substance reasonably satisfactory to such indemnified party, of a full and final release from all liability in respect of such claim or action. The indemnifying party shall not be liable hereunder for any amount paid or payable or
incurred pursuant to or in connection with any judgment entered or settlement effected with the consent of an indemnified party unless the indemnifying party has also consented to such judgment or settlement (such consent not to be unreasonably
withheld, conditioned or delayed). 
 (d) If the indemnification provided for in this Section 10 is held by a court of competent
jurisdiction to be unavailable to, or unenforceable by, an indemnified party in respect of any loss, claim, action, damage, liability or expense referred to herein, then the applicable indemnifying party, in lieu of indemnifying such indemnified
party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, action, damage, liability or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying
party, on the one hand, and of the indemnified party, on the other hand, in connection with the statements, omissions or violations which resulted in such loss, claim, action, damage, liability or expense as well as any other relevant equitable
considerations. The relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material
fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, whether the violation of the Securities Act or any other federal or state securities law or rule
or regulation promulgated thereunder applicable to the Company and relating to any action or inaction required of the Company in connection with any registration of securities was perpetrated by the indemnifying party or the indemnified party, and
the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement, omission or violation. The parties agree that it would not be just and equitable if contribution pursuant hereto were
determined by pro rata allocation or by any other method or allocation that does not take into account the equitable considerations referred to in this Section 10(d). In no event shall the amount which a Holder of Registrable Securities may be
obligated to contribute pursuant to this Section 10(d) exceed an amount equal to the net proceeds (after deducting any Selling Expenses paid by the participating Holders) actually received by such Holder in the sale of Registrable Securities that
gives rise to such obligation to contribute. No indemnified party 

  
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guilty or liable of fraudulent misrepresentation within the meaning of Section 11(f) of the Securities Act shall be entitled to contribution from any Person which was not guilty of such
fraudulent misrepresentation. 
 (e) The indemnification provided for under this Agreement shall remain in full force and effect regardless
of any investigation made by or on behalf of the indemnified Person or any officer, director or Controlling Person of such indemnified Person and shall survive the transfer of securities and the Termination Date but only with respect to offers and
sales of Registrable Securities made before the Termination Date or during the period following the Termination Date referred to in Section 7(f). 

Section 11. Rule 144 Compliance. With a view to making available to the Holders of Registrable Securities the benefits of
Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration, the Company shall: 

(a) make and keep public information available, as those terms are understood and defined in Rule 144; 

(b) use best efforts to file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act
and the Exchange Act; and 
 (c) furnish to any Holder of Registrable Securities, promptly upon request, a written statement by the Company
as to its compliance with the reporting requirements of Rule 144 and of the Securities Act and the Exchange Act. 
 Section 12.
Transfers of Rights; Accession. Any Restricted Shareholder, or, if a Restricted Shareholder (or any Permitted Transferee thereof) transfers any rights in its Restricted Shares to a Permitted Transferee properly in accordance with
Article 7 of the Articles of Association, such Permitted Transferee, together with the Restricted Shareholder that initially made the transfer (or of its Successor) and all other such Permitted Transferees, shall also have the rights of a Holder
under this Agreement, but only if such Restricted Shareholder or Permitted Transferee signs and delivers to the Company a written acknowledgement (in the counterparty form set out hereto as Exhibit A) that it has joined as a party to this
Agreement and has assumed the rights and obligations of a Holder hereunder. For the avoidance of doubt, the Company is not required to execute the acknolwedgment on the counterpart in order for it to take effect hereunder. Notwithstanding any other
provisions of this Agreement, no Person which acquires securities transferred in violation of the Articles of Association, or which acquires securities that are not or upon acquisition cease to be, Registrable Securities, shall have any rights under
this Agreement with respect to such securities as a Holder or otherwise, and such securities shall not have the benefits afforded hereunder to Registrable Securities. 

Section 13. Miscellaneous. 

(a) No Inconsistent Agreements. The Company represents and warrants that it has not entered into, and agrees that it will not enter
into, any agreement with respect to its securities that violates or subordinates or is otherwise inconsistent with the rights granted to the Holders of Registrable Securities under this Agreement. 

  
 -24- 

 (b) Successors and Assigns. Neither this Agreement nor any right, benefit, remedy,
obligation or liability arising hereunder or by reason hereof shall be assignable by any party hereto without the prior written consent of the other parties, and any attempted assignment without such consent shall be null and void and of no effect,
except that (i) the Company may assign this Agreement at any time in connection with a sale or acquisition of the Company, whether by merger, consolidation, sale of all or substantially all of the Company’s assets, or similar transaction,
without the consent of the Holders; provided that the Successor or acquiring Person agrees in writing to assume all of the Company’s rights and obligations under this Agreement or (ii) any assignment by a Holder to a Permitted
Transferee in accordance with Section 12. 
 (c) No Third Party Beneficiaries. This Agreement is for the sole benefit of the
parties hereto and their respective Successors and Permitted Transferees and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever, under or
by reason of this Agreement; provided, however, that the parties hereto hereby acknowledge that the Persons set forth in Section 10 shall be express third-party beneficiaries of the obligations of the parties hereto set forth in
Section 10 and that any Restricted Shareholder that is not a Holder is an express third-party beneficiary of its right to be notified under Section 4(f) and to accede hereto as a Holder as set forth in Section 12. 

(d) Remedies; Specific Performance. In the event of a breach or a threatened breach by any party to this Agreement of its obligations
under this Agreement, any party injured or to be injured by such breach shall be entitled to specific performance of its rights under this Agreement or to injunctive relief, in addition to being entitled to exercise all rights provided in this
Agreement and granted by law, it being agreed by the parties that the remedy at law, including monetary damages, for breach of any such provision will be inadequate compensation for any loss and that any defense or objection in any action for
specific performance or injunctive relief for which a remedy at law would be adequate is hereby waived. 
 (e) No Waivers. No failure
or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power
or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

(f) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without
giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the law of any jurisdiction other than the State of New York. THE COMPANY AND
EACH HOLDER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

(g) Jurisdiction and Venue. The Company and each Holder hereby (i) irrevocably submits to the
non-exclusive jurisdiction of the United States District Court for the Southern 

  
 -25- 

 
District of New York solely for purposes of any legal action or proceeding arising out of or relating to this Agreement or, if the United States District Court for the Southern District of New
York declines to accept jurisdiction over a particular matter, any federal or state court sitting in the Borough of Manhattan in the City of New York and (ii) irrevocably waives, to the fullest extent permitted by law, any objection that it may
now or hereafter have to the laying of venue of any legal action or proceeding in any New York State court or United States federal court sitting in the Borough of Manhattan in the City of New York, and any claim that any such action or proceedings
brought in any such court has been brought in an inconvenient forum. The Company and each Holder hereby agrees that a final judgment in any such legal action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. To the extent that the Company or any Holder may in any jurisdiction claim for itself or its assets immunity (to the extent that any immunity may now or hereafter exist) from suit, execution,
attachment (whether in aid of execution, before judgment or otherwise) or other legal process (whether through service or notice or otherwise), and to the extent that in any such jurisdiction there may be attributed to itself or its assets such
immunity (whether or not claimed), the Company and each Holder irrevocably agree not to claim, and irrevocably waive, such immunity to the full extent permitted by the laws of such jurisdiction. 

(h) Appointment of Agent for Service of Process. By the execution and delivery of this Agreement, the Company hereby appoints
Anheuser-Busch InBev Services, LLC as its agent upon which process may be served in any legal action or proceeding which may be instituted in any Federal or State court in the Borough of Manhattan, the City of New York, arising out of or relating to
this Agreement, but for that purpose only. Service of process upon such agent at the office of Anheuser-Busch InBev Services, LLC at 250 Park Avenue, New York, New York 10177, and written notice of said service to the Company servicing the same
addressed as provided by Section 13(i), shall be deemed in every respect effective service of process upon the Company, respectively, in any such legal action or proceeding. Such appointment shall be irrevocable so long as the Holders shall have any
rights pursuant to the terms of this Agreement until the appointment of a successor by the Company and such successor’s acceptance of such appointment. The Company further agrees to take any and all action, including the execution and filing of
any and all such documents and instruments, as may be necessary to continue such designation and appointment of such agent or successor. 

(i) Notices. Any notice, demand, request, waiver, or other communication under this Agreement shall be in writing and shall be deemed
to have been duly given (x) on the date of service or sending, if personally served or sent by electronic mail or facsimile and (y) on the Business Day after such communication is delivered to an internationally recognized courier, if sent
by such courier delivery service for next day delivery and addressed as follows: 
  

			
	If to the Company:
	
	Brouwerijplein 1, 3000
	Leuven, Belgium
	Attention:        	  	Lucas Lira
	Phone:	  	+1 (212) 573-6524
	E-Mail:	  	lucas.lira@ab-inbev.com

  
 -26- 

			
	
	with a copy (which shall not constitute notice) to:
		
	Attention:	  	Augusto Lima
	Phone:	  	+1 (212) 503-2891
	E-Mail:	  	augusto.lima@ab-inbev.com
	
	and
	
	Sullivan & Cromwell LLP
	1 New Fetter Lane
	London EC4A 1AN
	Attention:	  	George H. White and John Horsfield-Bradbury
	Phone:	  	+44 20 7959 8900
	Facsimile:	  	+44 20 7959 8950
	E-Mail:	  	whiteg@sullcrom and horsfieldbradburyj@sullcrom.com

 If to a Holder, to such notification addresses or numbers as are is designated by such Holder in the counterpart to this
Agreement in the form attached hereto as Exhibit A. 
 The Company may change its addresses and / or numbers for notices and other communications hereunder
by notice to Holders party hereto at such time. Any Holder may change its addresses and / or numbers for notices and other communications hereunder by notice to the Company. 

(j) Headings. The headings and other captions in this Agreement are for convenience and reference only and shall not constitute a part
of this Agreement, nor shall they affect its meaning, construction or effect. 
 (k) Counterparts. This Agreement may be signed in
any number of counterparts, each of which shall be deemed an original instrument (including signatures delivered via facsimile or electronic mail) and all of which together shall constitute one and the same instrument. The parties hereto may deliver
this Agreement by facsimile or by electronic mail and each party shall be permitted to rely upon the signatures so transmitted to the same extent and effect as if they were original signatures. 

(l) Entire Agreement. This Agreement contains the entire agreement among the parties hereto with respect to the subject matter hereof
and supersedes and replaces all other prior agreements, written or oral, among the parties hereto with respect to the subject matter hereof. 

(m) Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

  
 -27- 

 (n) Amendments. The provisions of this Agreement, including the provisions of this
sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, without the prior written consent of the Company and each Holder affected thereby. 

(o) Further Assurances. Each party to this Agreement shall cooperate and take such action as may be reasonably requested by another
party to this Agreement in order to carry out the provisions and purposes of this Agreement and the transactions contemplated hereby. 
 (p)
Termination. This Agreement shall terminate with respect to any Holder upon the Termination Date; provided that the provisions of Section 8, Section 9, Section 10 and this Section 13 shall survive such termination.

 [Signature Page Follows] 

  
 -28- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date and year first above written. 
  

			
	Anheuser-Busch InBev SA/NV
		
	By:	 	 /s/ Benoit Loore

		 	Name: Benoit Loore
		 	Title: Authorized Signatory
		
	By:	 	 /s/ Jan Vandermeersch

		 	Name: J. Vandermeersch
		 	Title: Authorized Signatory

 [Signature Page to Registration Rights Agreement] 

 Schedule 1 – List of Holders 

 

	•	 	Altria Group, Inc. 

  

	•	 	Bevco Lux Sàrl 

 Exhibit A 

Form of Counterpart 
 By acceding to this
Agreement, the below named represents that it is a Restricted Shareholder (or a Permitted Transferee thereof). 
 Dated: 

 

			
	[NAME OF RESTRICTED SHAREHOLDER OR PERMITTED TRANSFEREE]
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	Address for Notices:
	[●]	 	
	Attention:	 	 [●]

	Phone:	 	 [●]

	Facsimile:	 	 [●]

	E-Mail:	 	 [●]

	
	with a copy (which shall not constitute notice) to:
		
	[●]	 	
	Attention:	 	 [●]

	Phone:	 	 [●]

	Facsimile:	 	 [●]

	E-Mail:	 	 [●]

 

			
	Acknowledged:
	
	Anheuser-Busch InBev SA/NV
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Registration Rights Agreement]

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