Document:

EXHIBIT 4.1

 

 

ALLIED IRISH BANKS, p.l.c.

 

AND

 

THE BANK OF NEW YORK

 

As Depositary

 

AND

 

OWNERS AND HOLDERS OF AMERICAN DEPOSITARY RECEIPTS

 

Deposit Agreement

 

Dated as of November 8, 1990

 

As Amended and Restated as of May 14, 1999

 

 

 

TABLE OF CONTENTS

 

	
  ARTICLE 1.

  	
  DEFINITIONS.

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 1.1

  	
  AMERICAN
  DEPOSITARY SHARES.

  	
   

  
	
  SECTION 1.2

  	
  COMMISSION.

  	
   

  
	
  SECTION 1.3

  	
  CUSTODIAN.

  	
   

  
	
  SECTION 1.4

  	
  DEPOSIT
  AGREEMENT.

  	
   

  
	
  SECTION 1.5

  	
  DEPOSITARY.

  	
   

  
	
  SECTION 1.6

  	
  DEPOSITED
  SECURITIES.

  	
   

  
	
  SECTION 1.7

  	
  DOLLARS.

  	
   

  
	
  SECTION 1.8

  	
  FOREIGN
  REGISTRAR.

  	
   

  
	
  SECTION 1.9

  	
  ISSUER.

  	
   

  
	
  SECTION 1.10

  	
  OWNER.

  	
   

  
	
  SECTION 1.11

  	
  RECEIPTS.

  	
   

  
	
  SECTION 1.12

  	
  REGISTRAR.

  	
   

  
	
  SECTION 1.13

  	
  RESTRICTED
  RECEIPTS

  	
   

  
	
  SECTION 1.14

  	
  RESTRICTED
  SECURITIES.

  	
   

  
	
  SECTION 1.15

  	
  SECURITIES
  ACT OF 1933.

  	
   

  
	
  SECTION 1.16

  	
  SECURITIES
  EXCHANGE ACT OF 1934.

  	
   

  
	
  SECTION 1.17

  	
  SHARES.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 2.

  	
  FORM OF RECEIPTS, DEPOSIT OF
  SHARES, EXECUTION AND DELIVERY, TRANSFER 

  	
   

  
	
  AND SURRENDER OF RECEIPTS.

  	
   

  
	
   

  	
   

  
	
  SECTION 2.1

  	
  FORM
  AND TRANSFERABILITY OF RECEIPTS.

  	
   

  
	
  SECTION 2.2

  	
  DEPOSIT
  OF SHARES.

  	
   

  
	
  SECTION 2.3

  	
  EXECUTION
  AND DELIVERY OF RECEIPTS.

  	
   

  
	
  SECTION 2.4

  	
  TRANSFER
  OF RECEIPTS; COMBINATION AND SPLIT-UP OF RECEIPTS.

  	
   

  
	
  SECTION 2.5

  	
  SURRENDER
  OF RECEIPTS AND WITHDRAWAL OF SHARES.

  	
   

  
	
  SECTION 2.6

  	
  LIMITATIONS
  ON EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS.

  	
   

  
	
  SECTION 2.7

  	
  LOST
  RECEIPTS, ETC.

  	
   

  
	
  SECTION 2.8

  	
  CANCELLATION
  AND DESTRUCTION OF SURRENDERED RECEIPTS.

  	
   

  
	
  SECTION 2.9

  	
  LOANS
  AND PRE-RELEASE OF SHARES AND RECEIPTS.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 3.

  	
  CERTAIN OBLIGATIONS OF
  OWNERS OF RECEIPTS.

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 3.1

  	
  FILING
  PROOFS, CERTIFICATES AND OTHER INFORMATION.

  	
   

  
	
  SECTION 3.2

  	
  LIABILITY
  OF OWNER FOR TAXES.

  	
   

  
	
  SECTION 3.3

  	
  WARRANTIES
  ON DEPOSIT OF SHARES.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE 4.

  	
  THE DEPOSITED SECURITIES.

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 4.1

  	
  CASH
  DISTRIBUTIONS.

  	
   

  
	
  SECTION 4.2

  	
  DISTRIBUTIONS
  OTHER THAN CASH OR SHARES.

  	
   

  
	
  SECTION 4.3

  	
  DISTRIBUTIONS
  IN SHARES.

  	
   

  
	
  SECTION 4.4

  	
  RIGHTS.

  	
   

  
	
  SECTION 4.5

  	
  CONVERSION
  OF FOREIGN CURRENCY.

  	
   

  
	
  SECTION 4.6

  	
  FIXING
  OF RECORD DATE.

  	
   

  
	
  SECTION 4.7

  	
  VOTING
  OF DEPOSITED SECURITIES.

  	
   

  
	
  SECTION 4.8

  	
  CHANGES
  AFFECTING DEPOSITED SECURITIES.

  	
   

  
	
  SECTION 4.9

  	
  REPORTS.

  	
   

  
	
  SECTION
  4.10

  	
  LISTS OF RECEIPT OWNERS.

  	
   

  
	
  SECTION
  4.11

  	
  WITHHOLDING.

  	
   

  

 

i

 

	
  ARTICLE
  5.

  	
  THE
  DEPOSITARY, THE CUSTODIANS AND THE ISSUER.

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION
  5.1

  	
  MAINTENANCE OF OFFICE AND TRANSFER
  BOOKS BY THE DEPOSITARY.

  	
   

  
	
  SECTION
  5.2

  	
  PREVENTION OR DELAY IN PERFORMANCE BY
  THE DEPOSITARY OR THE ISSUER.

  	
   

  
	
  SECTION
  5.3

  	
  OBLIGATIONS OF THE DEPOSITARY, THE
  CUSTODIAN AND THE ISSUER.

  	
   

  
	
  SECTION
  5.4

  	
  RESIGNATION AND REMOVAL OF THE
  DEPOSITARY; APPOINTMENT OF SUCCESSOR 

  	
   

  
	
  DEPOSITARY.

  	
   

  
	
  SECTION
  5.5

  	
  THE CUSTODIANS.

  	
   

  
	
  SECTION
  5.6

  	
  NOTICES AND REPORTS.

  	
   

  
	
  SECTION
  5.7

  	
  ISSUANCE OF ADDITIONAL SHARES, ETC.

  	
   

  
	
  SECTION
  5.8

  	
  INDEMNIFICATION.

  	
   

  
	
  SECTION
  5.9

  	
  CHARGES OF DEPOSITARY.

  	
   

  
	
  SECTION
  5.10

  	
  RETENTION OF DEPOSITARY DOCUMENTS.

  	
   

  
	
  SECTION
  5.11

  	
  EXCLUSIVITY.

  	
   

  
	
  SECTION
  5.12

  	
  LIST OF RESTRICTED SECURITIES OWNERS.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  6.

  	
  AMENDMENT
  AND TERMINATION.

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION
  6.1

  	
  AMENDMENT.

  	
   

  
	
  SECTION
  6.2

  	
  TERMINATION.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  7.

  	
  MISCELLANEOUS.

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION
  7.1

  	
  COUNTERPARTS.

  	
   

  
	
  SECTION
  7.2

  	
  NO THIRD PARTY BENEFICIARIES.

  	
   

  
	
  SECTION
  7.3

  	
  SEVERABILITY.

  	
   

  
	
  SECTION
  7.4

  	
  HOLDERS AND OWNERS AS PARTIES; BINDING
  EFFECT.

  	
   

  
	
  SECTION
  7.5

  	
  NOTICES.

  	
   

  
	
  SECTION
  7.6

  	
  GOVERNING LAW.

  	
   

  
	
  SECTION
  7.7

  	
  COMPLIANCE WITH U.S. SECURITIES LAWS.

  	
   

  

 

ii

 

DEPOSIT AGREEMENT

 

DEPOSIT AGREEMENT dated as of
November 8, 1990, as amended and restated as of May 14, 1999, among Allied
Irish Banks, p.l.c., incorporated under the laws of Ireland (herein called the
Issuer), THE BANK OF NEW YORK, a New York banking corporation (herein called
the Depositary), and all Owners and holders from time to time of American
Depositary Receipts issued hereunder.

 

W I T N E S S E T H :

 

WHEREAS, the Issuer desires to
provide, as hereinafter set forth in this Deposit Agreement, for the deposit of
Ordinary Shares (hereinafter defined as “Shares”), of the Issuer from time to
time with the Depositary or with AIB Custodial Services Ltd, acting at its
principal office in Dublin, Ireland, and the Depositary, acting through its
principal London, England office (herein collectively called the Custodian), as
agent of the Depositary for the purposes set forth in this Deposit Agreement,
for the creation of American Depositary Shares representing the Shares so
deposited and for the execution and delivery of American Depositary Receipts
(hereinafter defined as “Receipts”) in respect of the American Depositary
Shares; and

 

WHEREAS, the Receipts are to be
substantially in the form of Exhibit A annexed hereto, with appropriate
insertions, modifications and omissions, as hereinafter provided in this
Deposit Agreement;

 

NOW, THEREFORE, in consideration
of the premises, it is agreed by and between the parties hereto as follows:

 

ARTICLE 1.                          DEFINITIONS.

 

The following definitions shall for all purposes,
unless otherwise clearly indicated, apply to the respective terms used in this
Deposit Agreement:

 

 

Section 1.1                                      American
Depositary Shares.

 

The term “American Depositary Shares” shall mean the rights represented
by the Receipts issued hereunder and the interests in the Deposited Securities
represented thereby.  Each American
Depositary Share shall represent two (2) Shares, until there shall occur a
distribution upon Deposited Securities covered by Section 4.3 or a change in
Deposited Securities covered by Section 4.8 with respect to which additional
Receipts are not executed and delivered, and thereafter American Depositary
Shares shall evidence the amount of Shares or Deposited Securities specified in
such Sections.

 

Section 1.2                                      Commission.

 

The term “Commission” shall mean the Securities and
Exchange Commission of the United States or any successor governmental agency
in the United States.

 

Section 1.3                                      Custodian.

 

The term “Custodian” shall mean, collectively, AIB
Custodial Services Ltd, acting at its principal office in Dublin, Ireland, as
agent of the Depositary, and the Depositary, acting through its principal
London, England office, and any other firm or corporation which may hereafter
be appointed by the Depositary pursuant to the terms of Section 5.5, as
substitute or additional custodian or custodians hereunder, as the context
shall require, and the term “Custodians” shall mean all of them, collectively.

 

Section 1.4                                      Deposit
Agreement.

 

The term “Deposit Agreement” shall mean this
Agreement, as the same may be amended from time to time in accordance with the provisions
hereof.

 

2

 

Section 1.5                                      Depositary.

 

The term “Depositary” shall mean The Bank of New York,
a New York banking corporation and any successor as depositary hereunder.  The term “Corporate Trust Office”, when used
with respect to the Depositary, shall mean the office of the Depositary which
at the date of this Agreement is 101 Barclay Street, New York, New York, 10286.

 

Section 1.6                                      Deposited
Securities.

 

The term “Deposited Securities” as of any time shall
mean Shares at such time deposited or deemed to be deposited under this Deposit
Agreement and any and all other securities, property and cash received by the
Depositary or the Custodian in respect thereof and at such time held hereunder,
subject as to cash to the provisions of Section 4.5.

 

Section 1.7                                      Dollars;
Euro.

 

The term “Dollars” shall mean United States
dollars.  The term “Euro” shall mean the
currency other than the national currency of the participating member countries
in the European Monetary Union.

 

Section 1.8                                      Foreign
Registrar.

 

The term “Foreign Registrar” shall mean the registrar
in Ireland for the Ordinary Shares of the Issuer, which as of the date hereof
is Allied Irish Banks, p.l.c., or any successor as registrar for the Ordinary
Shares of the Issuer.

 

Section 1.9                                      Issuer.

 

The term “Issuer” shall mean Allied Irish Banks,
p.l.c., incorporated under the laws of Ireland, and its successors.

 

3

 

Section 1.10                                Owner.

 

The term “Owner” shall mean the person in whose name a
Receipt is registered on the books of the Depositary maintained for such
purpose.

 

Section 1.11                                Receipts.

 

The term “Receipts” shall mean the American Depositary
Receipts issued hereunder representing American Depositary Shares.

 

Section 1.12                                Registrar.

 

The term “Registrar” shall mean any bank or trust
company having an office in the Borough of Manhattan, The City of New York,
which shall be appointed to register Receipts and transfers of Receipts as
herein provided.

 

Section 1.13                                Restricted
Receipts

 

The term “Restricted Receipts” shall mean such
Receipts as are required pursuant to Section 4.4 hereunder to be issued as
Restricted Receipts in connection with the issuance of rights by the Issuer, as
set forth in such Section.  Any such
Restricted Receipts shall be held by such Owner and legended in accordance with
applicable U.S. laws, and shall be subject to such restrictions on sale,
deposit, cancellation, and transfer under such laws as are required by the
opinion of counsel delivered pursuant to Section 4.4.

 

Section 1.14                                Restricted
Securities.

 

The term “Restricted Securities” shall mean Shares, as
defined below, or Receipts representing such Shares, which are acquired
directly or indirectly from the Issuer or its affiliates (as defined in Rule
144 to the Securities Act of 1933) in the United States or by U.S. Persons (as
such terms are defined in Regulation S under the Securities Act of 1933)
in a transaction or chain of transactions that are not Offshore Transactions

 

4

 

(as such term is defined
in said Regulation S) and do not involve any public offering, or which
Shares or Receipts are subject to resale limitations under Regulation D under
that Act or both, or which are held by an officer, director (or persons
performing similar functions) or other affiliate of the Issuer, or which are
subject to other restrictions on sale or deposit under the laws of the United
States, Ireland, or under a shareholder agreement or the Articles of
Association and by-laws of the Issuer.

 

Section 1.15                                Securities
Act of 1933.

 

The term “Securities Act of 1933” shall mean the
United States Securities Act of 1933, as from time to time amended.

 

Section 1.16                                Securities
Exchange Act of 1934.

 

The term “Securities Exchange Act of 1934” shall mean
the United States Securities Exchange Act of 1934, as from time to time
amended.

 

Section 1.17                                Shares.

 

The term “Shares” shall mean Ordinary Shares in
registered form of the Issuer, heretofore validly issued and outstanding and
fully paid, non-assessable and free of any pre-emption rights of the holders of
outstanding Shares or hereafter validly issued and outstanding and fully paid,
non-assessable and free of any pre-emption rights of the holders of outstanding
Shares or interim certificates representing such Shares.

 

ARTICLE 2.                          FORM OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND
DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS.

 

Section 2.1                                      Form
and Transferability of Receipts. 

 

Definitive Receipts shall be substantially in the form
set forth in Exhibit A annexed to this Deposit Agreement, with appropriate
insertions, modifications and omissions, as hereinafter provided.  Such Receipts shall be executed by the
Depositary by

 

5

 

the manual signature of a
duly authorized signatory of the Depositary; provided, however, that such
signature may be a facsimile if a Registrar for the Receipts shall have been
appointed and such Receipts are countersigned by the manual signature of a duly
authorized officer of the Registrar.  No
Receipt shall be entitled to any benefits under this Deposit Agreement or be
valid or obligatory for any purpose, unless such Receipt shall have been
executed by the Depositary by the manual signature of a duly authorized
signatory or, if a Registrar shall have been appointed, by the manual signature
of a duly authorized officer of the Registrar. 
The Depositary shall maintain books on which each Receipt so executed
and delivered as hereinafter provided and the transfer of each such Receipt
shall be registered.  Receipts bearing
the facsimile signature of a duly authorized signatory of the Depositary who
was at any time a proper signatory of the Depositary shall bind the Depositary,
notwithstanding that such signatory has ceased to hold such office prior to the
execution of such Receipts by the Registrar and their delivery or did not hold
such office at the date of such Receipts.

 

The Receipts may be endorsed with or have incorporated
in the text thereof such legends or recitals or changes not inconsistent with
the provisions of this Deposit Agreement as may be required by the Depositary
or required to comply with any applicable law or regulations thereunder or with
the rules and regulations of any securities exchange upon which Receipts may be
listed or to conform with any usage with respect thereto, or to indicate any
special limitations or restrictions to which any particular Receipts are
subject by reason of the date of issuance of the underlying Deposited
Securities or otherwise.

 

Title to a Receipt (and to the American Depositary
Shares evidenced thereby), when properly endorsed or accompanied by proper
instruments of transfer, shall be transferable by delivery with the same effect
as in the case of a negotiable instrument; provided, however, that the
Depositary, notwithstanding any notice to the contrary, may treat the Owner
thereof as the absolute owner thereof for the purpose of determining the

 

6

 

person entitled to
distribution of dividends or other distributions or to any notice provided for
in this Deposit Agreement and for all other purposes.

 

Section 2.2                                      Deposit
of Shares.

 

Subject to the terms and conditions of this Deposit
Agreement, Shares may be deposited hereunder by delivery to any Custodian of
certificates for such Shares to be deposited duly registered in the name of the
Depositary or its nominee, together, if the Depositary requires, with a written
order directing the Depositary to execute and deliver to, or upon the written
order of, the person or persons stated in such order a Receipt or Receipts for
the number of American Depositary Shares representing such deposit.

 

Alternatively, subject to the terms and conditions of
this Deposit Agreement, Shares or evidence of rights to receive Shares may be
deposited by delivery thereof to any Custodian hereunder, accompanied by any
appropriate instrument or instruments of transfer, or endorsement, in form
satisfactory to the Custodians, together with all such certifications as may be
required by the Depositary or the Custodians in accordance with the provisions
of this Deposit Agreement and, if the Depositary requires, together with a
written order directing the Depositary to execute and deliver to, or upon the
written order of, the person or persons stated in such order a Receipt or
Receipts for the number of American Depositary Shares representing such
deposit.  If required by the Depositary,
any such Shares presented for deposit, whether or not the transfer books of the
Issuer (or the appointed agent of the Issuer for transfer and registration of
Shares, which may but need not be the Foreign Registrar) are closed, shall also
be accompanied by an agreement or assignment, or other instrument satisfactory
to the Depositary, which will provide for the prompt transfer to the Custodian
of any dividend, or right to subscribe for additional Shares or to receive
other property which any person in whose name the Shares are or have been
recorded may thereafter receive upon or in respect of such deposited Shares, or
in lieu thereof, such agreement of indemnity or other agreement as shall be
satisfactory to the Depositary.

 

7

 

No Shares shall be accepted for deposit unless
accompanied by such evidence as may be reasonably required by the Depositary
that any necessary approval has been granted by the governmental body in
Ireland, if any, which is then performing the regulation of currency exchange
under the Irish Exchange Control Acts.

 

At the request, risk and expense of any Owner, and for
the account of such Owner, the Depositary may receive certificates for Shares
to be deposited, together with the other instruments herein specified, for the
purpose of forwarding such Share certificates to the Custodian for deposit
hereunder.

 

Upon each delivery to a Custodian of a certificate or
certificates for Shares to be deposited hereunder that have not been previously
registered in the name of the Depositary or its nominee, together with the
other documents above specified, such Custodian shall, as soon as transfer and
recordation can be accomplished, present such certificate or certificates to
the Issuer (or the appointed agent of the Issuer for transfer and registration
of Shares, which may but need not be the Foreign Registrar), for transfer and
registration of the Shares being deposited in the name of the Depositary or its
nominee or such Custodian or its nominee.

 

Deposited Securities shall be held by the Depositary
or by a Custodian for the account and to the order of the Depositary at such
place or places as the Depositary shall determine.

 

Section 2.3                                      Execution
and Delivery of Receipts.

 

Upon receipt by any Custodian of any deposit pursuant
to Section 2.2 hereunder (and in addition, if the transfer books of the Issuer
or the appointed agent of the Issuer for the transfer and registration of
Shares, which may but need not be the Foreign Registrar are open, the
Depositary may require a proper acknowledgment or other evidence from the
Issuer satisfactory to the Depositary that any Deposited Securities have been
recorded upon the books of the Issuer or the appointed agent of the Issuer for
the

 

8

 

transfer and registration
of Shares, which may but need not be the Foreign Registrar in the name of the
Depositary or its nominee or such Custodian or its nominee), together with the
other documents required as above specified, such Custodian shall notify the
Depositary of such deposit and the person or persons to whom or upon whose
written order a Receipt or Receipts are deliverable in respect thereof and the
number of American Depositary Shares to be represented thereby.  Such notification shall be made by letter or,
at the request and risk and expense of the person making the deposit, by cable,
telex or facsimile transmission.  Upon
receiving such notice from such Custodian, or upon the receipt of Shares by the
Depositary, the Depositary, subject to the terms and conditions of this Deposit
Agreement, shall execute and deliver at its Corporate Trust Office, to or upon
the order of the person or persons entitled thereto, a Receipt or Receipts,
registered in the name or names and representing any authorized number of
American Depositary Shares requested by such person or persons, but only upon
payment to the Depositary of the fee of the Depositary for the execution and
delivery of such Receipt or Receipts, and of all taxes and governmental charges
and fees payable in connection with such deposit and the transfer of the
Deposited Securities.

 

Section 2.4                                      Transfer
of Receipts; Combination and Split-up of Receipts.

 

The Depositary, subject to the terms and conditions of
this Deposit Agreement, shall register transfers on its transfer books from time
to time of Receipts, upon any surrender of a Receipt, by the Owner in person or
by duly authorized attorney, properly endorsed or accompanied by proper
instruments of transfer, and duly stamped as may be required by the laws of the
State of New York and of the United States of America.  Thereupon the Depositary shall execute a new
Receipt or Receipts and deliver the same to or upon the order of the person
entitled thereto.

 

The Depositary, subject to the terms and conditions of
this Deposit Agreement, shall upon surrender of a Receipt or Receipts for the
purpose of effecting a split-up or combination of such Receipt or Receipts,
execute and deliver a new Receipt or

 

9

 

Receipts for any
authorized number of American Depositary Shares requested, representing the
same aggregate number of American Depositary Shares as the Receipt or Receipts
surrendered.

 

The Depositary may appoint one or more co-transfer
agents for the purpose of effecting transfers, combinations and split-ups of
Receipts at designated transfer offices on behalf of the Depositary.  In carrying out its functions, a co-transfer
agent may require evidence of authority and compliance with applicable laws and
other requirements by holders or Owners or persons entitled thereto and will be
entitled to protection and indemnity to the same extent as the Depositary.

 

Section 2.5                                      Surrender
of Receipts and Withdrawal of Shares.

 

Upon surrender at the Corporate Trust Office of the
Depositary of a Receipt for the purpose of withdrawal of the Deposited
Securities represented thereby, and upon payment of the fee of the Depositary
for the surrender of Receipts, and subject to the terms and conditions of this
Deposit Agreement, the Owner of such Receipt shall be entitled to delivery, to
him or upon his order, of the amount of Deposited Securities at the time
represented by such Receipt.  Delivery of
such Deposited Securities may be made by the delivery in due course of certificates
to such Owner or as ordered by him.  Such
delivery shall be made, as hereinafter provided, without unreasonable delay.

 

A Receipt surrendered for such purposes may be
required by the Depositary to be properly endorsed in blank or accompanied by
proper instruments of transfer in blank, and if the Depositary requires, the
Owner thereof shall execute and deliver to the Depositary a written order
directing the Depositary to cause the Deposited Securities being withdrawn to
be delivered as aforesaid to or upon the written order of a person or persons
designated in such order.  Thereupon the
Depositary shall direct one (or more) of the Custodians to deliver in Dublin,
Ireland or London, England, subject to Sections 2.6, 3.1 and 3.2, and to the
other terms and conditions of this Deposit

 

10

 

Agreement, to or upon the
written order of the person or persons designated in the order delivered to the
Depositary if so required by the Depositary and as above provided, the amount
of Deposited Securities represented by such Receipt, except that the Depositary
may make delivery to such person or persons at the Corporate Trust Office of
the Depositary of any dividends or distributions with respect to the Deposited
Securities represented by such Receipt, or of any proceeds of sale of any
dividends, distributions or rights, which may at the time be held by the
Depositary.

 

At the request, risk and expense of any Owner so
surrendering a Receipt, and for the account of such Owner, the Depositary shall
direct the Custodian to forward a certificate or certificates in due course and
other proper documents of title for the Deposited Securities represented by
such Receipt to the Depositary for delivery at the Corporate Trust Office of
the Depositary.  Such direction shall be
given by letter or, at the request, risk and expense of such Owner, by cable,
telex or facsimile transmission.

 

Section 2.6                                      Limitations
on Execution and Delivery, Transfer and Surrender of Receipts.

 

As a condition precedent to the execution and
delivery, registration of transfer, split-up, combination or surrender of any
Receipt, the delivery of any distribution thereon, or the withdrawal of any
Deposited Securities, the Depositary or the Custodian may require payment from
the depositor of Shares or the presentor of the Receipt of a sum sufficient to
reimburse it for any tax or other governmental charge and any stock transfer or
registration fee with respect thereto (including any such tax or charge and fee
with respect to Shares being deposited or withdrawn) and payment of any
applicable fees as herein provided, may require the production of proof
satisfactory to it as to the identity and genuineness of any signature and may
also require compliance with such regulations, if any, as the Depositary may
establish consistent with the provisions of this Deposit Agreement, including,
without limitation, Section 7.7.

 

11

 

The delivery of Receipts against deposits of Shares
generally or against deposits of particular Shares may be suspended, or the
transfer of Receipts in particular instances may be refused, or the
registration of transfer of outstanding Receipts generally may be suspended,
during any period when the transfer books of the Depositary are closed, or if any
such action is deemed necessary or advisable by the Depositary or the Issuer at
any time or from time to time because of any requirement of law or of any
government or governmental body or commission, or under any provision of this
Deposit Agreement, or for any other reason, subject to Section 7.7 of this
Deposit Agreement.  The surrender of
outstanding Receipts and withdrawal of Deposited Securities may not be
suspended subject only to (i) temporary delays caused by closing the transfer
books of the Depositary or the Issuer or the deposit of Shares in connection
with voting at a shareholders’ meeting, or the payment of dividends, (ii) the
payment of fees, taxes and similar charges, and (iii) compliance with any U.S.
or foreign laws or governmental regulations relating to the Receipts or to the
withdrawal of the Deposited Securities. 
Without limitation of the foregoing, the Depositary shall not knowingly
accept for deposit under this Deposit Agreement any Shares required to be
registered under the provisions of the Securities Act of 1933, unless a
registration statement is in effect as to such Shares.

 

Section 2.7                                      Lost
Receipts, etc.

 

In case any Receipt shall be mutilated, destroyed,
lost or stolen, the Depositary shall execute and deliver a new Receipt of like
tenor, in exchange and substitution for such mutilated Receipt upon
cancellation thereof, or in lieu of and in substitution for such destroyed or
lost or stolen Receipt, upon the Owner thereof filing with the Depositary (a) a
request for such execution and delivery before the Depositary has notice that
the Receipt has been acquired by a bona fide purchaser and (b) a sufficient
indemnity bond and satisfying any other reasonable requirements imposed by the
Depositary.

 

12

 

Section 2.8                                      Cancellation
and Destruction of Surrendered Receipts.

 

All Receipts surrendered to the Depositary shall be
cancelled by the Depositary.  The
Depositary is authorized to destroy Receipts so cancelled.

 

Section 2.9                                      Loans
and Pre-Release of Shares and Receipts.

 

In its capacity as Depositary, the Depositary will
lend neither the Shares held hereunder nor the Receipts; provided, however,
that the Depositary reserves the right to (i) issue Receipts prior to the
receipt of Shares pursuant to Section 2.2 and (ii) deliver Shares prior to the
receipt and cancellation of Receipts pursuant to Section 2.5, including
Receipts which were issued under (i) above but for which Shares may not have
been received.  The Depositary may
receive Receipts in lieu of Shares under (i) above and receive Shares in lieu
of Receipts under (ii) above.  Each such
transaction will be (a) accompanied by a written representation from the person
to whom Receipts or Shares are to be delivered that such person, or its
customer, owns the Shares or Receipts to be remitted, as the case may be, (b)
at all times fully collateralized with cash or such other collateral as the
Depositary deems appropriate, (c) terminable by the Depositary on not more than
five (5) business days notice, and (d) subject to such further indemnities and
credit regulations as the Depositary deems appropriate.  The Depositary will normally limit the number
of Receipts and Shares involved in such transactions at any one time to thirty
percent (30%) of the Receipts outstanding (without giving effect to Receipts
outstanding under (i) above), or Shares held hereunder, respectively; provided,
however, that the Depositary reserves the right to change or disregard such
limit from time to time as it deems appropriate.  The Depositary will also set limits with
respect to the number of Receipts and Shares involved in transactions to be
done hereunder with any one person on a case by case basis as it deems
appropriate.

 

The Depositary may retain for its own account any
compensation received by it in connection with the foregoing.

 

13

 

ARTICLE 3.                          CERTAIN OBLIGATIONS OF OWNERS OF RECEIPTS.

 

Section 3.1                                      Filing
Proofs, Certificates and Other Information.

 

Any person presenting Shares for deposit or any Owner
of a Receipt may be required from time to time to file such proof of
citizenship or residence, exchange control approval, or such information
relating to the registration on the books of the Issuer (or the appointed agent
of the Issuer for transfer and registration of Shares, which may but need not
be the Foreign Registrar) of the Shares presented for deposit or other
information, to execute such certificates and to make such representations and
warranties, as the Depositary may deem necessary or proper.  The Depositary may withhold the delivery or
registration of transfer of any Receipt or the distribution or sale of any
dividend or other distribution or rights or of the proceeds thereof or the
delivery of any Deposited Securities until such proof or other information is
filed or such certificates are executed.

 

Section 3.2                                      Liability
of Owner for Taxes.

 

If any tax or other governmental charge shall become
payable with respect to any Receipt or any Deposited Securities represented by
any Receipt, such tax or other governmental charge shall be payable by the
Owner of such Receipt to the Depositary. 
The Depositary may refuse to effect any transfer of such Receipt or any
withdrawal of Deposited Securities represented thereby until such payment is
made, and may withhold any dividends or other distributions, or may sell for
the account of the Owner thereof any part or all of the Deposited Securities
represented by such Receipt, and may apply such dividends or other distributions
or the proceeds of any such sale in payment of such tax or other governmental
charge, the Owner of such Receipt remaining liable for any deficiency.

 

14

 

Section 3.3                                      Warranties
on Deposit of Shares.

 

Every person depositing Shares under this Deposit
Agreement shall be deemed thereby to represent and warrant that such Shares and
each certificate therefor are validly issued, fully paid, non-assessable and
free of any pre-emption rights of the holders of outstanding Shares and that
the person making such deposit is duly authorized so to do.  Every such person shall also be deemed to
represent that the deposit of Shares or sale of Receipts by that person is not
restricted under the Securities Act of 1933. 
Such representations and warranties shall survive the deposit of Shares
and issuance of Receipts.

 

ARTICLE 4.                          THE DEPOSITED SECURITIES.

 

Section 4.1                                      Cash
Distributions.

 

Whenever the Depositary shall receive any cash
dividend or other cash distribution by the Issuer on any Deposited Securities,
the Depositary shall, subject to the provisions of Section 4.5, convert such
dividend or distribution into Dollars and shall distribute the amount thus
received to the Owners entitled thereto, in proportion to the number of
American Depositary Shares representing such Deposited Securities held by them
respectively; provided, however, that in the event that the Issuer or the
Depositary shall be required to withhold and does withhold from any cash
dividend or other cash distribution in respect of any Deposited Securities an
amount on account of taxes, the amount distributed to the Owner for American
Depositary Shares representing such Deposited Securities shall be reduced
accordingly.  The Depositary shall
distribute only such amount, however, as can be distributed without attributing
to any Owner a fraction of one cent.  Any
such fractional amounts shall be rounded to the nearest whole cent and so
distributed to Owners entitled thereto. 
The Issuer or its agent will remit to the appropriate governmental
agency in Ireland all amounts withheld and owing to such agency.  The Depositary will forward to the Issuer or
its agent such information from its records as the Issuer may reasonably request
to enable the Issuer or its agent to file

 

15

 

necessary reports with
governmental agencies, and either the Depositary or the Issuer or its agent may
file any such reports necessary to obtain benefits under the applicable tax
treaties for the Owners of Receipts.

 

Section 4.2                                      Distributions
Other Than Cash or  Shares.

 

Whenever the Depositary shall receive any distribution
other than cash or Shares upon any Deposited Securities, the Depositary shall
cause the securities or property received by it to be distributed to the Owners
entitled thereto, in proportion to the number of American Depositary Shares
representing such Deposited Securities held by them respectively, in any manner
that the Depositary may deem equitable and practicable for accomplishing such
distribution; provided, however, that if in the opinion of the Depositary such
distribution cannot be made proportionately among the Owners entitled thereto,
or if for any other reason (including any requirement that the Issuer or the
Depositary withhold an amount on account of taxes) the Depositary deems such
distribution not to be feasible, the Depositary may adopt such method as it may
deem equitable and practicable for the purpose of effecting such distribution,
including the sale (at public or private sale) of the securities or property
thus received, or any part thereof, and the net proceeds of any such sale shall
be distributed by the Depositary to the Owners entitled thereto as in the case
of a distribution received in cash.

 

Section 4.3                                      Distributions
in Shares.

 

If any distribution upon any Deposited Securities
consists of a dividend in, or free distribution of, Shares, the Depositary may,
and shall if the Issuer shall so request, distribute to the Owners of
outstanding Receipts entitled thereto, in proportion to the number of American
Depositary Shares representing such Deposited Securities held by them
respectively, additional Receipts for an aggregate number of American
Depositary Shares representing the amount of Shares received as such dividend
or free distribution.  In lieu of
delivering Receipts for fractional American Depositary Shares in any such case,

 

16

 

the Depositary shall sell
the amount of Shares represented by the aggregate of such fractions and
distribute the net proceeds, all in the manner and subject to the conditions
described in Section 4.2.  If additional
Receipts are not so distributed, each American Depositary Share shall thenceforth
also represent the additional Shares distributed upon the Deposited Securities
represented thereby.

 

Section 4.4                                      Rights.

 

If the Issuer shall offer or cause to be offered to
the holders of any Deposited Securities any rights to subscribe for additional
Shares or any rights of any other nature, the Depositary shall consult with the
Issuer as to the procedure to be followed in making such rights available to
the Owners of Receipts or in disposing of such rights and distributing the net
proceeds thereof, as in the case of a distribution received in cash pursuant to
Section 4.1, which procedures may contemplate making such rights available to
some Owners and not to others and disposing of such rights as are not made
available to Owners and distributing the net proceeds thereof to such Owners; provided
that, in any event and subject to the Deposit Agreement:

 

(a) if at the time
of the offering of any such rights the Depositary is advised by the Issuer that
it is lawful and feasible to make such rights available to some or all Owners
of Receipts in the United States by means of warrants or otherwise, the
Depositary shall distribute such warrants or other instruments therefor in such
form as the Issuer may require to such Owners of Receipts in proportion to the
number of American Depositary Shares representing such Deposited Securities
held by each of them, respectively, or employ such other method as the Issuer
may direct in order to facilitate the exercise, sale or transfer of rights by
such Owners;

 

(b) if at the time
of any such offering of any such rights the Depositary is advised by the Issuer
that it is not lawful or not feasible to make such rights available to all or
some Owners of Receipts by means of warrants or otherwise, or if the rights

 

17

 

represented by such warrants or such other instruments are not
exercised and are about to lapse, the Depositary shall sell such rights or such
warrants or other instruments and shall allocate the proceeds of such sales for
the account of the Owners of Receipts otherwise entitled to such rights,
warrants or other instruments, upon an averaged or other practicable basis
without regard to any distinctions among such Owners because of exchange
restrictions, or the date of delivery of any Receipt or Receipts, or otherwise,
and distribute the net proceed so allocated to the extent practicable as in the
case of a distribution received in cash pursuant to Section 4.1.

 

In connection with the foregoing, the Depositary shall
not offer such rights to Owners having an address in the United States until
such time as the Issuer shall furnish to the Depositary:

 

(i)                                     evidence
that a registration statement under the Securities Act of 1933 covering such
offering is in effect, or

 

(ii)                                  an
opinion of counsel for the Issuer in the United States to the effect that such
offering does not require registration under the Securities Act of 1933; which
opinion may be based upon the assumption that certain enumerated precautions
will be taken designed to comply with the exemption from registration under the
Securities Act of 1933 provided by Section 4(2) thereof or Regulation D or
Rule 144A thereunder, including a requirement that Restricted Receipts be
issued upon the deposit of Shares hereunder upon the exercise of such rights in
which case such Restricted Receipts shall be restricted in such manner as such
counsel shall so advise.

 

Section 4.5                                      Conversion
of Foreign Currency.

 

Whenever the Depositary shall receive foreign
currency, by way of dividends or other distributions or the net proceeds from
the sale of securities, property or rights, and if at the time of the receipt
thereof the foreign currency so received can in the

 

18

 

judgment of the
Depositary be converted on a reasonable basis into Dollars and the resulting
Dollars transferred to the United States, the Depositary shall convert or cause
to be converted, by sale or in any other manner that it may determine, such
foreign currency into Dollars, and such Dollars (net of any conversion expenses
of the Depositary) shall be distributed to the Owners entitled thereto or, if
the Depositary shall have distributed any warrants or other instruments which
entitle the holders thereof to such Dollars, then to the holders of such
warrants and/or instruments upon surrender thereof for cancellation.  Such distribution may be made upon an
averaged or other practicable basis without regard to any distinctions among
Owners on account of exchange restrictions or otherwise.

 

If such conversion or distribution can be effected
only with the approval or license of any government or agency thereof, the
Depositary shall file such application for approval or license, if any, as it
may deem desirable.

 

If at any time the Depositary shall determine that in
its judgment any foreign currency received by the Depositary is not convertible
on a reasonable basis into Dollars transferable to the United States, or if any
approval or license of any government or agency thereof which is required for
such conversion is denied or in the opinion of the Depositary is not
obtainable, or if any such approval or license is not obtained within a
reasonable period as determined by the Depositary, the Depositary may
distribute the foreign currency (or an appropriate document evidencing the
right to receive such foreign currency) received by the Depositary to, or in
its discretion may hold such foreign currency for the respective accounts of,
the Owners entitled to receive the same.

 

If any such conversion of foreign currency, in whole or
in part, cannot be effected for distribution to some Owners entitled thereto,
the Depositary may in its discretion make such conversion and distribution in
Dollars to the extent permissible to the Owners entitled thereto and may
distribute the balance of the foreign currency

 

19

 

received by the
Depositary to, or hold such balance for the respective accounts of, the Owners
entitled thereto.

 

Section 4.6                                      Fixing
of Record Date.

 

Whenever any cash dividend or other cash distribution
shall become payable or any distribution other than cash shall be made, or
whenever rights shall be issued with respect to the Deposited Securities, or
whenever for any reason the Depositary causes a change in the number of Shares
that are represented by each American Depositary Share, or whenever the
Depositary shall receive notice of any meeting of holders of Shares or other
Deposited Securities, the Depositary shall fix a record date for the
determination of the Owners who shall be entitled to receive such dividend,
distribution or rights, or the net proceeds of the sale thereof, or to give
instructions for the exercise of voting rights at any such meeting, or for
fixing the date on or after which each American Depositary Share will represent
the changed number of Shares.  Subject to
the provisions of Sections 4.1 through 4.5 and to the other terms and
conditions of this Deposit Agreement, the Owners on such record date shall be
entitled to receive the amount distributable by the Depositary with respect to
such dividend or other distribution or such rights or the net proceeds of sale
thereof in proportion to the number of American Depositary Shares held by them
respectively.

 

Section 4.7                                      Voting
of Deposited Securities.

 

Upon receipt of notice of any meeting of holders of
Shares or other Deposited Securities, if requested in writing by the Issuer the
Depositary shall, as soon as practicable thereafter, mail to the Owners a
notice, the form of which notice shall be in the sole discretion of the
Depositary, which shall contain (a) such information as is contained in such
notice of meeting, and (b) a statement that the Owners as of the close of
business on a specified record date will be entitled, subject to any applicable
provision of Irish law and of the Articles of Association of the Issuer, to
instruct the Depositary as to

 

20

 

the exercise of the
voting rights, if any, pertaining to the amount of Shares or other Deposited
Securities represented by their respective American Depositary Shares.  Upon the written request of an Owner on such
record date, received on or before the date established by the Depositary for
such purpose, the Depositary shall endeavor in so far as practicable to vote or
cause to be voted the amount of Shares or other Deposited Securities
represented by such Receipt in accordance with the instructions set forth in
such request.  The Depositary shall
exercise the right to vote that attaches to the Shares or other Deposited
Securities in accordance with such instructions provided, however, that if no
such instructions are given, the Owner shall be deemed to have instructed the
Depositary to vote such Shares or Deposited Securities in the manner requested
by the Issuer.

 

Section 4.8                                      Changes
Affecting Deposited Securities.

 

Upon any change in nominal value, par value, split-up,
consolidation or any other reclassification of Deposited Securities, or upon
any recapitalization, reorganization, merger or consolidation or sale of assets
affecting the Issuer or to which it is a party, any securities which shall be
received by the Depositary or a Custodian in exchange for or in conversion of
or in respect of Deposited Securities shall be treated as new Deposited
Securities under this Deposit Agreement, and American Depositary Shares shall
thenceforth represent, in addition to existing Deposited Securities remaining,
if any, after such split-up, consolidation or reclassification, any such new
Deposited Securities so received in exchange or conversion, unless additional
Receipts are delivered pursuant to the following sentence.  In any such case the Depositary may, and
shall if the Issuer shall so request, execute and deliver additional Receipts
as in the case of a dividend on the Shares, or call for the surrender of
outstanding Receipts to be exchanged for new Receipts specifically describing
such new Deposited Securities.

 

21

 

Section 4.9                                      Reports.

 

The Depositary shall make available for inspection by
Owners at its Corporate Trust Office any reports and communications, including
any proxy soliciting material, received from the Issuer which are both (a)
received by the Depositary as the holder of the Deposited Securities and (b)
made generally available to the holders of such Deposited Securities by the
Issuer.  The Depositary shall also send
to the Owners copies of such reports when furnished by the Issuer pursuant to
Section 5.6.

 

In addition, upon notice that the Issuer has not
furnished the Commission or any securities regulatory agency or stock exchange
with any public reports, documents or other information as required by foreign
law or otherwise by the Securities Exchange Act of 1934, the Depositary shall
furnish promptly to the Commission or such regulatory agency or stock exchange
copies of all annual or other periodic reports and other notices or
communications which the Depositary or the Custodian, or their respective
nominees, receives as holder of the Deposited Securities from the Issuer and
which are not so furnished to or filed with the Commission or such regulatory
agency or exchange pursuant to any other requirement of the Commission or such
regulatory agency or exchange.  The
Depositary shall also furnish to the Commission semi-annually, beginning on or
before six months after the effective date of any registration statement filed
with the Commission under the Securities Act of 1933 relating to the Receipts,
the following information in tabular form:

 

(1)                                  The
number of American Depositary Shares represented by Receipts issued during the
period covered by the report;

 

(2)                                  The
number of American Depositary Shares represented by Receipts retired during the
period covered by the report;

 

(3)                                  The
total amount of American Depositary Shares represented by Receipts remaining
outstanding at the end of the six-month period;

 

(4)                                  The
total number of Owners at the end of the six-month period.

 

22

 

The Depositary shall also furnish the name of each
dealer known to the Depositary depositing Shares against issuance of Receipts
during the period covered by the report. 
The Issuer shall furnish the Depositary with the names of each dealer
known to the Issuer and the Depositary shall include in its report the names of
such dealer or dealers which are supplied by the Issuer.

 

Section 4.10                                Lists
of Receipt Owners.

 

Promptly upon request by the Issuer, the Depositary
shall, at the expense of the Issuer, furnish to it a list, as of a recent date,
of the names, addresses and holdings of American Depositary Shares by all
persons in whose names Receipts are registered on the books of the Depositary.

 

Section 4.11                                Withholding.

 

In the event that the Depositary determines that any
distribution in property (including Shares and rights to subscribe therefor) is
subject to any tax which the Depositary is obligated to withhold, the
Depositary may dispose of all or a portion of such property (including Shares
and rights to subscribe therefor) in such amounts and in such manner as the
Depositary deems necessary and practicable to pay any such taxes, by public or
private sale, and the Depositary shall distribute the net proceeds of any such
sale after deduction of such taxes to the Owners entitled thereto in proportion
to the number of American Depositary Shares held by them respectively.

 

ARTICLE 5.                          THE DEPOSITARY, THE CUSTODIANS AND THE ISSUER.

 

Section 5.1                                      Maintenance
of Office and Transfer Books by the Depositary.

 

Until termination of this Deposit Agreement in
accordance with its terms, the Depositary shall maintain in the Borough of
Manhattan, The City of New York, facilities for the execution and delivery,
registration, registration of transfers and surrender of Receipts in accordance
with the provisions of this Deposit Agreement.

 

23

 

The Depositary shall keep books for the registration
of Receipts and transfers of Receipts which at all reasonable times shall be
made available to the Issuer and shall also be open for inspection by the
Owners, provided that such inspection by Owners shall not be for the purpose of
communicating with other Owners in the interest of a business or object other
than the business of the Issuer or a matter related to this Deposit Agreement
or the Receipts.

 

The Depositary may close the transfer books at any
time or from time to time when deemed expedient by it in connection with the
performance of its duties hereunder or at the request of the Issuer.

 

If any Receipts or the American Depositary Shares
represented thereby are listed on one or more stock exchanges in the United
States, the Depositary shall act as Registrar or appoint a Registrar or one or
more co-registrars for registry of such Receipts in accordance with any
requirements of such exchange or exchanges.

 

Section 5.2                                      Prevention
or Delay in Performance by the Depositary or the Issuer.

 

Neither the Depositary nor the Issuer shall incur any
liability to any Owner of any Receipt, if by reason of any provision of any
present or future law of the United States or any other country, or of any
other governmental authority, or by reason of any provision, present or future,
of the Articles of Association of the Issuer, or by reason of any act of God or
war or other circumstances beyond its control, the Depositary or the Issuer
shall be prevented or forbidden from doing or performing any act or thing which
by the terms of this Deposit Agreement it is provided shall be done or
performed; nor shall the Depositary or the Issuer incur any liability to any
Owner of a Receipt by reason of any non-performance or delay, caused as
aforesaid, in the performance of any act or thing which by the terms of this
Deposit Agreement it is provided shall or may be done or performed, or by
reason of any exercise of, or failure to exercise, any discretion provided for
in this Deposit Agreement.  Where, by the
terms of a distribution pursuant to Sections 

 

24

 

4.1, 4.2, or 4.3 of the Deposit Agreement, or an offering or
distribution pursuant to Section 4.4 of the Deposit Agreement, or for any
other reason, such distribution or offering may not be made available to
Owners, and the Depositary may not dispose of such distribution or offering on
behalf of such Owners and make the net proceeds available to such Owners, then
the Depositary shall not make such distribution or offering, and shall allow
any rights, if applicable, to lapse.

 

Section 5.3                                      Obligations
of the Depositary, the Custodian and the Issuer.

 

The Issuer assumes no obligation nor shall it be
subject to any liability under this Deposit Agreement to Owners or holders of
Receipts, except that it shall perform its obligations set forth in this
Deposit Agreement without negligence or bad faith.

 

The Depositary assumes no obligation nor shall it be
subject to any liability under this Deposit Agreement to any  Owners (including, without limitation,
liability with respect to the validity or worth of the Deposited Securities),
other than that it shall perform such duties as are specifically set forth in
this Deposit Agreement without negligence or bad faith.

 

Neither the Depositary nor the Issuer shall be under
any obligation to appear in, prosecute or defend any action, suit or other
proceeding in respect of any Deposited Securities or in respect of the
Receipts, which in its opinion may involve it in expense or liability, unless
indemnity satisfactory to it against all expense and liability be furnished as
often as may be required, and the Custodian shall not be under any obligation
whatsoever with respect to such proceedings, the responsibility of the
Custodian being solely to the Depositary.

 

Neither the Depositary nor the Issuer shall be liable
for any action or nonaction by it in reliance upon the advice of or information
from legal counsel,

 

25

 

accountants, any person presenting Shares for deposit, any Owner, or
any other person believed by it in good faith to be competent to give such
advice or information.

 

The Depositary shall not be responsible for any
failure to carry out any instructions to vote any of the Deposited Securities,
or for the manner in which any such vote is cast or effect of any such vote,
provided that any such action or nonaction is in good faith.

 

The Depositary shall not be liable for any acts or
omissions made by a successor depositary whether in connection with a previous
act or omission of the Depositary or in connection with any matter arising wholly
after the removal or resignation of the Depositary, provided that the
Depositary performed its duties while it acted as Depositary without negligence
or bad faith.

 

No disclaimer of liability under the Securities Act of
1933 is intended by any provision of this Deposit Agreement.

 

Section 5.4                                      Resignation
and Removal of the Depositary; Appointment of Successor Depositary.

 

The Depositary may at any time resign as Depositary
hereunder by written notice of its election so to do delivered to the Issuer,
such resignation to take effect upon the appointment of a successor depositary
and its acceptance of such appointment as hereinafter provided.

 

The Depositary may at any time be removed by the
Issuer by written notice of such removal effective upon the appointment of a
successor depositary and its acceptance of such appointment as hereinafter
provided.

 

In case at any time the Depositary acting hereunder
shall resign or be removed, the Issuer shall use its best efforts to appoint a
successor depositary, which shall be a bank or trust company having an office
in the Borough of Manhattan, The City of

 

26

 

New York.  Every successor
depositary shall execute and deliver to its predecessor and to the Issuer an
instrument in writing accepting its appointment hereunder, and thereupon such
successor depositary, without any further act or deed, shall become fully
vested with all the rights, powers, duties and obligations of its predecessor;
but such predecessor, nevertheless, upon payment of all sums due it and on the
written request of the Issuer shall execute and deliver an instrument
transferring to such successor all rights and powers of such predecessor
hereunder, shall duly assign, transfer and deliver all right, title and
interest in the Deposited Securities to such successor, and shall deliver to
such successor a list of the Owners of all outstanding Receipts.  Any such successor depositary shall promptly
mail notice of its appointment to the Owners.

 

Any corporation into or with which the Depositary may
be merged or consolidated shall be the successor of the Depositary without the
execution or filing of any document or any further act.

 

Section 5.5                                      The
Custodians.

 

The Depositary has appointed AIB Custodial Services, Ltd,
acting at its principal office in Dublin, Ireland, and the Depositary, acting
through its principal London, England office as custodians and agents of the
Depositary for the purposes of this Deposit Agreement. The Custodian or its
successors in acting hereunder shall be subject at all times and in all
respects to the directions of the Depositary and shall be responsible solely to
it.  Any Custodian may resign and be
discharged from its duties hereunder by notice of such resignation delivered to
the Depositary at least 30 days prior to the date on which such resignation is
to become effective.  If upon such
resignation there shall be no Custodian acting hereunder, the Depositary shall,
promptly after receiving such notice, appoint a substitute custodian or
custodians, each of which shall thereafter be a Custodian hereunder.  Whenever the Depositary in its discretion
determines that it is in the best interest of the Owners to do so, it may
appoint a substitute or additional custodian or custodians, which shall
thereafter be one of the Custodians

 

27

 

hereunder.  Upon demand of the
Depositary any Custodian shall deliver such of the Deposited Securities held by
it as are requested of it to any other Custodian or such substitute or
additional custodian or custodians.  Each
such substitute or additional custodian shall deliver to the Depositary,
forthwith upon its appointment, an acceptance of such appointment satisfactory
in form and substance to the Depositary.

 

Upon the appointment of any successor depositary
hereunder, each Custodian then acting hereunder shall forthwith become, without
any further act or writing, the agent hereunder of such successor depositary
and the appointment of such successor depositary shall in no way impair the
authority of each Custodian hereunder; but the successor depositary so
appointed shall, nevertheless, on the written request of any Custodian, execute
and deliver to such Custodian all such instruments as may be proper to give to
such Custodian full and complete power and authority as agent hereunder of such
successor depositary.

 

Section 5.6                                      Notices
and Reports.

 

On or before the first date on which the Issuer gives
notice, by publication or otherwise, of any meeting of holders of Shares or
other Deposited Securities, or of any adjourned meeting of such holders, or of
the taking of any action in respect of any cash or other distributions or the
offering of any rights, the Issuer agrees to transmit to the Depositary and the
Custodians a copy of the notice thereof in the form given or to be given to
holders of Shares or other Deposited Securities.

 

The Issuer will arrange for the prompt transmittal by
the Issuer to the Depositary and the Custodian of such notices and any other
reports and communications which are made generally available by the Issuer to
holders of its Shares.  If requested in
writing by the Issuer, the Depositary will arrange for the mailing, at the
Issuer’s expense, of copies of such notices, reports and communications to all
Owners.  The Issuer will timely provide
the Depositary with the quantity of such notices, reports, and

 

28

 

communications as requested by the Depositary from time to time, in
order for the Depositary to effect such mailings.

 

Section 5.7                                      Issuance
of Additional Shares, etc.

 

The Issuer agrees that in the event of any issuance of
(1) additional Shares, (2) rights to subscribe for Shares, (3) securities
convertible into Shares, or (4) rights to subscribe for such securities, the
Issuer will promptly furnish to the Depositary a written opinion from counsel
for the Issuer in the United States, which counsel shall be satisfactory to the
Depositary, stating whether or not the circumstances of such issue are such as
to make it necessary for a Registration Statement under the Securities Act of
1933 to be in effect prior to the delivery of the Receipts to be issued in
connection with such securities or the issuance of such rights.  If in the opinion of such counsel a
Registration Statement is required, such counsel shall furnish to the
Depositary a written opinion as to whether or not there is a Registration
Statement in effect which will cover such issuance of securities or rights.

 

The Issuer agrees with the Depositary that neither the
Issuer nor any company controlled by the Issuer will at any time deposit any
Shares, either upon original issuance or upon a sale of Shares previously
issued and reacquired by the Issuer or by any company under its control, unless
a Registration Statement is in effect as to such Shares under the Securities
Act of 1933.

 

Section 5.8                                      Indemnification.

 

The Issuer agrees to indemnify the Depositary and any
Custodian against, and hold each of them harmless from, any liability or
expense which may arise out of acts performed or omitted, in accordance with
the provisions of this Deposit Agreement and of the Receipts, as the same may
be amended, modified or supplemented from time to time, (i) by either the
Depositary or a Custodian, except for any liability or expense

 

29

 

arising out of the negligence or bad faith of either of them, or (ii)
by the Issuer or any of its agents.

 

The Depositary agrees to indemnify the Issuer and hold
it harmless from any liability or expense which may arise out of acts performed
or omitted by the Depositary or its Custodian due to their negligence or bad
faith.

 

Section 5.9                                      Charges
of Depositary.

 

The Issuer agrees to pay the fees and reasonable
expenses of the Depositary and those of any Registrar as and to the extent set
forth in a separate written agreement, between the Issuer and the
Depositary.  The charges set forth
therein may be changed from time to time hereafter only by written agreement
between the Issuer and the Depositary. 
Notwithstanding anything to the contrary set forth in such separate
agreement, the Issuer shall not pay or be liable for (1) the fees of the
Depositary for the execution and delivery of Receipts pursuant to Section 2.3,
transfers pursuant to Section 2.4, the surrender of Receipts pursuant to Section 2.5,
and the making of any distribution pursuant to this Deposit Agreement,
including but not limited to Sections 4.1 through 4.4 hereof, (2) taxes and
other governmental charges, (3) such registration fees as may from time to time
be in effect for the registration of transfers of Shares generally on the share
register of the Issuer (or the appointed agent of the Issuer for transfer and
registration of Shares which may but need not be the Foreign Registrar) and
accordingly applicable to transfers of Shares to the name of the Depositary or
its nominee or Custodian or its nominee on the making of deposits or
withdrawals hereunder, (4) such cable, telex and facsimile transmission
expenses as are expressly provided in this Deposit Agreement to be at the
expense of persons depositing Shares or Owners, and (5) such expenses as are
incurred by the Depositary in the conversion of foreign currency pursuant to Section 4.5.  The Depositary shall present its statement
for such charges and expenses to the Issuer once every three months.  The charges and expenses of the Custodian are
for the sole account of the Depositary.

 

30

 

The Depositary shall charge any party to whom Receipts
are issued (including, without limitation, issuance pursuant to a stock
dividend or stock split declared by the Issuer or an exchange of stock
regarding the Receipts or Deposited Securities or a distribution of Receipts
pursuant to Section 4.3 hereof) or who surrenders Receipts a fee of  $5.00 or less per 100 American Depositary
Shares (or portion thereof) for the issuance or surrender, respectively, of a
Receipt.  In addition, the Depositary
shall charge the Owners and holders of Receipts a fee for, and deduct such fee
from, the distribution of proceeds pursuant to Section 4.4, such fee being
in an amount equal to  the fee for the
issuance of American Depositary Shares referred to above  which would have been charged  as a result of the deposit by Owners of
Shares received in exercise of rights distributed to them pursuant to Section 4.4,
but which rights are instead sold by the Depositary, and the net proceeds
distributed.  The Depositary, subject to Section 2.9
hereof, may own and deal in any class of securities of the Issuer and its
affiliates and in Receipts.

 

Section 5.10                                Retention
of Depositary Documents.

 

The Depositary is authorized to destroy those
documents, records, bills and other data compiled during the term of this
Deposit Agreement at the times permitted by the governing statutes unless the
Issuer requests that such papers be retained for a longer period or turned over
to the Issuer or to a successor depositary.

 

Section 5.11                                Exclusivity.

 

The Issuer agrees not to appoint any other depositary
for issuance of American Depositary Receipts for Shares so long as The Bank of
New York is acting as Depositary hereunder.

 

31

 

Section 5.12                                List
of Restricted Securities Owners.

 

From time to time, the Issuer shall provide the
Depositary a list setting forth, to the actual knowledge of the Issuer, those
persons or entities who beneficially own Restricted Securities and the Issuer
shall update that list on a regular basis. 
The Issuer agrees to advise in writing each of the persons or entities
so listed that such Restricted Securities are ineligible for deposit
hereunder.  The Depositary may rely on
such a list or update but shall not be liable for any action or omission made
in reliance thereon.

 

ARTICLE 6.                          AMENDMENT AND TERMINATION.

 

Section 6.1                                      Amendment.

 

The form of the Receipts and any provisions of this
Deposit Agreement may at any time and from time to time be amended by agreement
between the Issuer and the Depositary in any respect which they may deem
necessary or desirable.  Any amendment
which shall impose or increase any fees or charges (other than the fees of the
Depositary for the execution and delivery of Receipts and taxes and other governmental
charges), or which shall otherwise prejudice any substantial existing right of
Owners, shall, however, not become effective as to outstanding Receipts until
the expiration of three months after notice of such amendment shall have been
given to the Owners of outstanding Receipts. 
Every Owner at the time any amendment so becomes effective shall be
deemed, by continuing to hold such Receipt, to consent and agree to such
amendment and to be bound by the Deposit Agreement as amended thereby.  In no event shall any amendment impair the
right of the Owner of any Receipt to surrender such Receipt and receive
therefor the Deposited Securities represented thereby.

 

Section 6.2                                      Termination.

 

The Depositary shall at any time at the direction of
the Issuer terminate this Deposit Agreement by mailing notice of such
termination to the Owners of all

 

32

 

Receipts then outstanding at least 30 days prior to the date fixed in
such notice for such termination.  The
Depositary may likewise terminate this Deposit Agreement by mailing notice of
such termination to the Issuer and the Owners of all Receipts then
outstanding  if at any time 120 days
shall have expired after the Depositary shall have delivered to the Issuer a written
notice of its election to resign and a successor depositary shall not have been
appointed and accepted its appointment as provided in Section 5.4.  On and after the date of termination, the
Owner of a Receipt, upon surrender of such Receipt at the Corporate Trust
Office of the Depositary, upon payment of the fee of the Depositary for the
surrender of Receipts referred to in Section 2.5, and upon payment of any
applicable taxes or governmental charges, will be entitled to delivery, to him
or upon his order, of the amount of Deposited Securities represented by such
Receipt.  If any Receipts shall remain
outstanding after the date of termination, the Depositary thereafter shall
discontinue the registration of transfers of Receipts, shall suspend the distribution
of dividends to the Owners thereof, and shall not give any further notices or
perform any further acts under this Deposit Agreement, except that the
Depositary shall continue to collect dividends and other distributions
pertaining to Deposited Securities, shall sell rights as provided in this
Deposit Agreement, and shall continue to deliver Deposited Securities, together
with any dividends or other distributions received with respect thereto and the
net proceeds of the sale of any rights or other property, in exchange for
Receipts surrendered to the Depositary (after deducting, in each case, the fee
of the Depositary for the surrender of a Receipt, any expenses for the account
of the Owner of such Receipt in accordance with the terms and conditions of
this Deposit Agreement, and any applicable taxes or governmental charges).  At any time after the expiration of one year
from the date of termination, the Depositary may sell the Deposited Securities
then held hereunder and may thereafter hold uninvested the net proceeds of any
such sale, together with any other cash then held by it hereunder, unsegregated
and without liability for interest, for the pro rata benefit of the Owners
which have not theretofore surrendered their Receipts, such Owners thereupon
becoming general creditors of the Depositary with respect to such net
proceeds.  After making such sale, the
Depositary shall be discharged from all

 

33

 

obligations under this Deposit Agreement, except to account for such
net proceeds and other cash (after deducting, in each case, the fee of the
Depositary for the surrender of a Receipt, any expenses for the account of the
Owner of such Receipt in accordance with the terms and conditions of this
Deposit Agreement, and any applicable taxes or governmental charges).  Upon the termination of this Deposit
Agreement, the Issuer shall be discharged from all obligations under this
Deposit Agreement except for its obligations to the Depositary under Sections
5.8 and 5.9 hereof.

 

ARTICLE 7.                          MISCELLANEOUS.

 

Section 7.1                                      Counterparts.

 

This Deposit Agreement may be executed in any number
of counterparts, each of which shall be deemed an original and all of such
counterparts shall constitute one and the same instrument.  Copies of this Deposit Agreement shall be
filed with the Depositary and the Custodians and shall be open to inspection by
any holder or Owner of a Receipt during business hours.

 

Section 7.2                                      No
Third Party Beneficiaries.

 

This Deposit Agreement is for the exclusive benefit of
the parties hereto and shall not be deemed to give any legal or equitable
right, remedy or claim whatsoever to any other person.

 

Section 7.3                                      Severability.

 

In case any one or more of the provisions contained in
this Deposit Agreement or in the Receipts should be or become invalid, illegal
or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions contained herein or therein shall in no way be
affected, prejudiced or disturbed thereby.

 

34

 

Section 7.4                                      Holders
and Owners as Parties; Binding Effect.

 

The holders and Owners of Receipts from time to time
shall be parties to this Deposit Agreement and shall be bound by all of the
terms and conditions hereof and of the Receipts by acceptance thereof.

 

Section 7.5                                      Notices.

 

Any and all notices to be given to the Issuer shall be
deemed to have been duly given if personally delivered or sent by mail or
cable, telex or facsimile transmission confirmed by letter, addressed to Allied
Irish Banks, p.l.c., Bankcentre, P.O. Box 452, Ballsbridge, Dublin 4,
Ireland, Attention: Secretary, or any other place to which the Issuer may have
transferred its principal office.

 

Any and all notices to be given to the Depositary
shall be deemed to have been duly given if personally delivered or sent by mail
or cable, telex or facsimile transmission confirmed by letter, addressed to The
Bank of New York, 101 Barclay Street, New York, New York 10286, or any other
place to which the Depositary may have transferred its Corporate Trust Office.

 

Any and all notices to be given to any Owner shall be
deemed to have been duly given if personally delivered or sent by mail or
cable, telex or facsimile transmission confirmed by letter, addressed to such
Owner at the address of such Owner as it appears on the transfer books for
Receipts of the Depositary, or, if such Owner shall have filed with the
Depositary a written request that notices intended for such Owner be mailed to
some other address, at the address designated in such request.

 

Delivery of a notice, to or from any Owners,  sent by mail or cable, telex or facsimile
transmission shall be deemed to be effected at the time when a duly addressed
letter containing the same (or a confirmation thereof in the case of a cable,
telex or facsimile transmission) is deposited, postage prepaid, in a post-office
letter box.

 

35

 

Delivery of a notice, from the Depositary or the
Issuer, to the Depositary or the Issuer, sent by mail or cable, telex or
facsimile transmission shall be deemed to be effected at the time when a duly
addressed letter containing the same (or a confirmation thereof in the case of
a cable, telex or facsimile transmission) is deposited, postage prepaid, in a
post-office letter box, provided that such notice shall have been previously or
simultaneously faxed or telexed to the Issuer or the Depositary.  The Depositary or the Issuer may, however,
act upon any cable, telex or facsimile transmission received by it from the
other or from any Owner of a Receipt, notwithstanding that such cable, telex or
facsimile transmission shall not subsequently be confirmed by letter as
aforesaid.

 

Section 7.6                                      Governing
Law.

 

This Deposit Agreement and the Receipts shall be
interpreted and all rights hereunder and thereunder and provisions hereof and
thereof shall be governed by the laws of the State of New York.

 

Section 7.7                                      Compliance
With U.S. Securities Laws.

 

Notwithstanding anything in this Deposit Agreement to
the contrary, the Issuer and the Depositary each agrees that it will not
exercise any rights it has under the Deposit Agreement to prevent the
withdrawal or delivery of Deposited Securities in a manner which would violate
the United States securities laws, including, but not limited to Section I
A(1) of the General Instructions to the Form F-6 Registration Statement, as
amended from time to time, under the Securities Act of 1933.

 

36

 

IN WITNESS WHEREOF,
ALLIED IRISH BANKS, p.l.c. and THE BANK OF NEW YORK have duly executed this
agreement as of the day and year first set forth above and all Owners shall
become parties hereto upon acceptance by them of Receipts issued in accordance
with the terms hereof.

 

 

	
   

  	
  ALLIED IRISH BANKS, p.l.c.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

37Exhibit 10.54

 

EXECUTION
COPY

 

AMENDMENT
NO. 1 TO THE AMENDED AND RESTATED CREDIT AGREEMENT

 

Amendment No. 1 dated as
of January 10, 2005 (this “Amendment”) to the Amended and Restated Credit Agreement
dated as of July 30, 2004 (as amended, restated, supplemented or otherwise
modified, the “Credit
Agreement”), among United Industries Corporation, as borrower
(the “Borrower”),
the financial institutions party thereto (the “Lenders”), Citigroup Global Markets
Inc., as syndication agent, JPMorgan Chase Bank, as documentation agent, and
Bank of America, N.A., as administrative agent for the Lenders (the “Administrative Agent”),
collateral agent for the First Lien Lenders, Swing Line Lender and L/C Issuer,
and Bank of America, N.A., as collateral agent for the Second Lien
Lenders.  Capitalized terms not otherwise
defined in this Amendment shall have the same meanings as specified therefor in
the Credit Agreement.

 

PRELIMINARY
STATEMENTS

 

(1)                                  The
Borrower has requested that the Lender Parties agree to amend the Credit
Agreement in order to permit the Borrower to merge with UIC Holdings LLC, an
entity through which the THL Entities hold their respective interests in the
Borrower, with the Borrower as the surviving entity.

 

(2)                                  The
Lender Parties have indicated their willingness to agree to so amend the Credit
Agreement on the terms and subject to the satisfaction of the conditions set
forth herein.

 

NOW,
THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein and in the Loan Documents, the
parties hereto hereby agree as follows:

 

SECTION 1. 
Amendment.  Section 7.03
of the Credit Agreement is hereby amended, as of the Amendment No. 1 Effective
Date (as defined in Section 2 below) by:  (a) deleting the word “and” at the end of subsection (g)
thereof; (b) deleting the period at the end of subsection (h)
thereof and replacing it with “; and”; and (c) adding a new subsection (i)
immediately following subsection (h) to read as follows:

 

“(i)                               the
Borrower may merge with UIC Holdings LLC, so long as the Borrower is the
surviving entity.”.

 

SECTION 2.  Conditions Precedent to the Effectiveness
of This Amendment.  This Amendment
shall become effective as of the first date (the “Amendment No. 1 Effective Date”) on
which (i) the Administrative Agent shall have received counterparts of (A) this
Amendment executed by the Borrower and the Required Lenders and (B) the Consent
attached hereto, executed by each other Loan Party, and (ii) all of the accrued
reasonable fees and expenses of the Administrative Agent (including the accrued
fees and expenses of counsel for the Administrative Agent) that are then due
and payable pursuant to Section 10.05 of the Credit Agreement and
for which an invoice has been presented to the Borrower shall have been paid in
full.

 

SECTION 3.  Representations and Warranties.  The Borrower hereby represents and warrants
that:

 

(a)                                  the
representations and warranties contained in each of the Loan Documents shall be
true and correct in all material respects on and as of the Amendment No. 1
Effective Date, after giving effect to this Amendment, as though made on and as
of such date, except for any such

 

 

representation
or warranty that, by its terms, refers to a specific date other than the
Amendment No. 1 Effective Date, in which case as of such specific date; and

 

(b)                                 no
event shall have occurred and be continuing or shall result from the
effectiveness of this Amendment that constitutes a Default.

 

SECTION 4. 
Reference to and Effect on the Loan Documents.  (a) On and after the Amendment No. 1
Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit
Agreement, and each reference in the Notes and each of the other Loan Documents
to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit
Agreement, shall mean and be a reference to the Credit Agreement, as amended
and otherwise modified by this Amendment.

 

(b)                                 The
Credit Agreement, the Notes and each of the other Loan Documents, as amended
and otherwise modified by the amendments specifically provided above in Section 1,
are and shall continue to be in full force and effect and are hereby in all
respects ratified and confirmed.  The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any of the Secured Parties or the Administrative Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan
Documents.

 

SECTION 5.  Costs and Expenses.  The Borrower hereby agrees to pay, upon
demand, all of the reasonable costs and expenses of the Administrative Agent
(including, without limitation, the reasonable fees and expenses of counsel for
the Agents) in connection with the preparation, execution, delivery,
administration, modification and amendment of this Amendment and all of the
agreements, instruments and other documents delivered or to be delivered in
connection herewith, all in accordance with the terms of Section 10.05
of the Credit Agreement.

 

SECTION 6.  Execution in Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier shall be effective as delivery
of a manually executed counterpart of this Amendment.

 

 

[Rest
of this page intentionally left blank.]

 

2

 

SECTION 7.  Governing Law.  This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York.

 

IN
WITNESS WHEREOF, the parties hereto have caused this
Amendment to be executed by their respective officers, thereunto duly
authorized, as of the date first written above.

 

 

	
   

  	
  UNITED INDUSTRIES CORPORATION,

  
	
   

  	
  as Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as Administrative Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
						

 

3

 

	
   

  	
  THE LENDER PARTIES

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as a Lender, Swing Line Lender and L/C Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

4

 

	
   

  	
   

  	
   

  
	
   

  	
  [Type or print name of Lender]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

5

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