Document:

CERTIFICATE OF EXECUTIVE OFFICER
                  OF NAMI RESOURCES COMPANY, LLC

     I, the undersigned, the Sole Member and Manager of Nami Resources
Company, LLC ("Nami"), a Kentucky Limited Liability Company, pursuant to the
Purchase and Sale Agreement, dated the 31st day of August, 2000 (the
"Agreement"), by and among Nami and Miller Petroleum, Inc.
     DO HEREBY CERTIFY:
     (A)  That Nami has performed and complied in all material respects with
all covenants, agreements and conditions required by the Agreement to be
performed or complied with by Nami prior to the closing date.
     (B)  The representations and warranties of Nami contained in the
Purchase Agreement, are true, correct and complete in all material respects on
and as of the closing date and that no default by Nami exists under the
agreement.
Dated as of the 6th day of September, 2000.

                                   NAMI RESOURCES COMPANY, LLC
                                   BY: /s/Mike Nami
                                   ITS: Managing MemberCERTIFICATE OF INCUMBENCY
                               FOR
                   NAMI RESOURCES COMPANY, LLC

     I do hereby certify that I am the duly elected and qualified manager of
Nami Resources Company, LLC, and that the following is a true and correct list
of the current members and managers of the Company, as of the 31st day of
August, 2000:
                             MEMBERS:
                      Mike Nami: Sole member
                            MANAGERS:
                     Mike Nami: Sole manager
     I do hereby certify that I, the undersigned, Mike Nami, sole member and
manager of the company am authorized to execute all documents pertaining to
the purchase of the assets of Miller Petroleum, Inc.
     IN WITNESS WHEREOF, I have affixed my name as sole member and manager
and have caused the official seal of the Company to be hereunto affixed this
6th day of September, 2000.
A True Record
Attest:
                              /s/Mike Nami
                                   ______________________________
                                   MIKE NAMI, Sole Member/ManagerCERTIFICATE OF INCUMBENCY

     I do hereby certify that I am the duly elected qualified Secretary of
Miller Petroleum, Inc., and that the following is a true and correct list of
the current officers and directors of the Corporation, as of August 28, 2000:
                             OFFICERS
                    CEO/President: Deloy Miller
                    Secretary/Treasurer:     Lawrence LaRue

                            DIRECTORS

                    Chairman:      Deloy Miller
                    Director:      Herbert J. White
                    Director:      Lawrence LaRue
                    Director:      Herman Gettelfinger

     I do hereby certify that Deloy Miller, CEO, President and Chairman of
the Board, is authorized by the Board of Directors to execute all documents
pertaining to the sale of certain assets to Nami Resources Company, LLC.
     IN WITNESS WHEREOF, I have affixed my name as Secretary and have caused
the corporate seal of said Corporation to be hereunto affixed this 25th day of
August, 2000.
A True Record
Attest
                              /s/Lawrence LaRue
                                   _________________________________
                                   Secretary of Miller Petroleum, Inc.<PAGE>

                                                                     Exhibit 4.1

________________________________________________________________________________

                                 WIPRO LIMITED

                                      AND

                   MORGAN GUARANTY TRUST COMPANY OF NEW YORK,
                                 As Depositary

                                      AND

                    HOLDERS OF AMERICAN DEPOSITARY RECEIPTS

                              -------------------

                               Deposit Agreement

                           Dated as of June  , 2000

________________________________________________________________________________
<PAGE>

                               TABLE OF CONTENTS
                               -----------------

<TABLE>
<CAPTION>
                                                                           Page
                                                                           ----
<S>                                                                        <C>
PARTIES...................................................................    1

RECITALS..................................................................    1

Section 1.     Certain Definitions

  (a)          ADR Register...............................................    1
  (b)          ADRs; Direct Registration ADRs.............................    1
  (c)          ADS........................................................    1
  (d)          Custodian..................................................    1
  (e)          Deliver, execute, issue et al..............................    1
  (f)          Delivery Order.............................................    1
  (g)          Deposited Securities.......................................    1
  (h)          Direct Registration System.................................    1
  (i)          Government Approval........................................    1
  (j)          Holder.....................................................    1
  (k)          Initial Deposit............................................    1
  (l)          Securities Act of 1933.....................................    1
  (m)          Securities Exchange Act of 1934............................    1
  (n)          Shares.....................................................    1
  (o)          Transfer Office............................................    1
  (p)          Withdrawal Order...........................................    1

Section 2.     ADR Certificates...........................................    2
Section 3.     Deposit of Shares..........................................    2
Section 4.     Issue of ADRs..............................................    2
Section 5.     Distributions on Deposited Securities......................    3
Section 6.     Withdrawal of Deposited Securities.........................    3
Section 7.     Substitution of ADRs.......................................    3
Section 8.     Cancellation and Destruction of ADRs.......................    3
Section 9.     The Custodian..............................................    3
Section 10.    Co-Registrars and Co-Transfer Agents.......................    4
Section 11.    Lists of Holders...........................................    4
Section 12.    Depositary's Agents........................................    4
Section 13.    Successor Depositary.......................................    4
Section 14.    Reports....................................................    5
Section 15.    Additional Shares..........................................    5
Section 16.    Indemnification............................................    5
Section 17.    Notices....................................................    6
Section 18.    Miscellaneous..............................................    6

TESTIMONIUM...............................................................    9

SIGNATURES................................................................    9
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----

                                   EXHIBIT A
                                   ---------

<S>                                                                        <C>
FORM OF FACE OF ADR.......................................................  A-1
-------------------

    Introductory Paragraph................................................  A-1

        (1)     Issuance of ADRs..........................................  A-1
        (2)     Withdrawal of Deposited Securities........................  A-2
        (3)     Transfers of ADRs.........................................  A-3
        (4)     Certain Limitations.......................................  A-3
        (5)     Taxes A-4.................................................  A-4
        (6)     Disclosure of Interests...................................  A-4
        (7)     Charges of Depositary.....................................  A-5
        (8)     Available Information.....................................  A-5
        (9)     Execution.................................................  A-6

    Signature of Depositary...............................................  A-6

    Address of Depositary's Office........................................  A-6

FORM OF REVERSE OF ADR....................................................  A-7
----------------------

        (10)    Distributions on Deposited Securities.....................  A-7
        (11)    Record Dates..............................................  A-8
        (12)    Voting of Deposited Securities............................  A-8
        (13)    Changes Affecting Deposited Securities....................  A-8
        (14)    Exoneration...............................................  A-9
        (15)    Resignation and Removal of Depositary; the
                Custodian.................................................  A-9
        (16)    Amendment................................................. A-10
        (17)    Termination............................................... A-10
</TABLE>

                                     -ii-
<PAGE>

     DEPOSIT AGREEMENT dated as of June   , 2000 (this "Deposit Agreement"),
among WIPRO LIMITED and its successors (the "Company"), MORGAN GUARANTY TRUST
COMPANY OF NEW YORK, as depositary hereunder (the "Depositary"), and all holders
from time to time of American Depositary Receipts issued hereunder ("ADRs")
evidencing American Depositary Shares ("ADSs") representing deposited Shares
(defined below).  The parties hereto agree as follows:

     1.   Certain Definitions.
          -------------------

     (a)       "ADR Register" is defined in paragraph (3) of the form of ADR.
                ------------

     (b)       "ADRs" mean the American Depositary Receipts executed and
                ----
delivered hereunder. ADRs may be either in physical certificated form or Direct
Registration ADRs. ADRs in physical certificated form shall be substantially in
the form of Exhibit A annexed hereto (the "form of ADR"). The term "Direct
                                           -----------              ------
Registration ADR" means an ADR, the ownership of which is recorded on the Direct
----------------
Registration System. References to "ADRs" shall include certificated ADRs and
Direct Registration ADRs, unless the context otherwise requires. The form of ADR
is hereby incorporated herein and made a part hereof; the provisions of the form
of ADR shall be binding upon the parties hereto.

     (c)       Subject to paragraph (13) of the form of ADR, each "ADS"
                                                                   ---
evidenced by an ADR represents the right to receive one Share and a pro rata
share in any other Deposited Securities.

     (d)       "Custodian" means the agent or agents of the Depositary (singly
                ---------
or collectively, as the context requires) and any additional or substitute
Custodian appointed pursuant to Section 9. The initial Custodian hereunder is
ICICI Limited.

     (e)       The terms "Deliver", "execute", "issue", "register", "surrender",
                          -------    -------    -----    -------     --------
"transfer" or "cancel", when used with respect to Direct Registration ADRs,
 --------      ------
shall refer to an entry or entries or an electronic transfer or transfers in the
Direct Registration System.

     (f)       "Delivery Order" is defined in Section 3.
               --------------

     (g)       "Deposited Securities" as of any time means all Shares at such
                --------------------
time deposited under this Deposit Agreement and any and all other Shares,
securities, property and cash at such time held by the Depositary or the
Custodian in respect or in lieu of such deposited Shares and other Shares,
securities, property and cash.

     (h)       "Direct Registration System" means the direct registration system
                --------------------------
maintained by the Depositary, pursuant to which the Depositary may record the
ownership of uncertificated ADRs, which ownership shall be evidenced by periodic
statements
<PAGE>

issued by the Depositary to the Holders entitled thereto.

     (i)       "Government Approval" means the approval by the Government of
                -------------------
India's Ministry of Finance of the Company's proposal to issue ADSs pursuant to
the offering described in the Company's Registration Statement on Form F-1 (No.
333-   ) filed under the Securities Act of 1933.

     (j)       "Holder" means the person or persons in whose name an ADR is
                ------
registered on the ADR Register.

     (k)       "Initial Deposit" means the deposit of Shares with the Custodian
                ---------------
by the Company pursuant to this Deposit Agreement and the Underwriting Agreement
between the Company and the Underwriters named therein dated June  , 2000. Such
Shares will be evidenced by a certificate registered in the name of the
Custodian or its nominee for the account of the Depositary.

     (l)       "Securities Act of 1933" means the United States Securities Act
                ----------------------
of 1933, as from time to time amended.

     (m)       "Securities Exchange Act of 1934" means the United States
                -------------------------------
Securities Exchange Act of 1934, as from time to time amended.

     (n)       "Shares" mean the equity shares in registered form of the Company
                ------
and shall include the rights to receive Shares specified in paragraph (1) of the
form of ADR.

     (o)       "Transfer Office" is defined in paragraph (3) of the form of ADR.
                ---------------

     (p)       "Withdrawal Order" is defined in Section 6.
                ----------------

     2.   ADR Certificates.  (a)  ADRs in certificated form shall be (i)
          ----------------
engraved, printed or otherwise reproduced at the discretion of the Depositary in
accordance with its customary practices in its American depositary receipt
business, or at the request of the Company typewritten and photocopied on plain
or safety paper; provided, however, that such ADRs shall comply with all
                 --------  -------
applicable rules of any stock exchange on which the ADSs are listed for trading,
and (ii) substantially in the form set forth in the form of ADR, with such
changes as may be required by the Depositary or the Company to comply with their
obligations hereunder, any applicable law, regulation, stock exchange rule or
usage or to indicate any special limitations or restrictions to which any
particular ADRs are subject.  ADRs may be issued in denominations of any number
of ADSs.  ADRs in certificated form shall be executed by the Depositary by the
manual or facsimile signature of a duly authorized officer of the Depositary.
ADRs in certificated form bearing the facsimile signature of anyone

                                       2
<PAGE>

who was at the time of execution a duly authorized officer of the Depositary
shall bind the Depositary, notwithstanding that such officer has ceased to hold
such office prior to the delivery of such ADRs.

     (b)  Direct Registration ADRs. Notwithstanding anything in this
          ------------------------
Deposit Agreement or in the form of ADR to the contrary, at such time as Direct
Registration ADRs are permitted within the system of The Depository Trust
Company, ADSs shall be evidenced by Direct Registration ADRs, unless
certificated ADRs are specifically requested by the Holder.

     (c)  Holders shall be bound by the terms and conditions of this Deposit
Agreement and of the form of ADR, regardless of whether their ADRs are Direct
Registration ADRs or certificated ADRs.

     3.   Deposit of Shares. In connection with the deposit of Shares hereunder,
          -----------------
the Depositary or the Custodian may require the following in form satisfactory
to it: (a) a written order directing the Depositary to issue to, or upon the
written order of, the person or persons designated in such order a certificated
ADR or ADRs or Direct Registration ADR or ADRs evidencing the number of ADSs
representing such deposited Shares (a "Delivery Order"); (b) proper endorsements
or duly executed instruments of transfer in respect of such deposited Shares;
(c) in the case of any deposit other than the Initial Deposit, instruments
assigning to the Custodian or its nominee any distribution on or in respect of
such deposited Shares or indemnity therefor; and (d) in the case of any deposit
other than the Initial Deposit, proxies entitling the Custodian to vote such
deposited Shares. As soon as practicable after the Custodian receives Deposited
Securities pursuant to any such deposit (other than the Initial Deposit) or
pursuant to paragraph (10) or (13) of the form of ADR, the Custodian shall
present such Deposited Securities for registration of transfer into the name of
the Custodian or its nominee, to the extent such registration is practicable, at
the cost and expense of the person making such deposit (or for whose benefit
such deposit is made) and shall obtain evidence satisfactory to it of such
registration. Deposited Securities shall be held by the Custodian for the
account and to the order of the Depositary at such place or places and in such
manner as the Depositary shall determine. Deposited Securities may be delivered
by the Custodian to any person only under the circumstances expressly
contemplated in this Deposit Agreement.

     After the Initial Deposit, unless otherwise agreed by the Depositary and
the Company and permitted by applicable law, only the following may be deposited
under this Deposit Agreement:  (i) Shares issued as a dividend or free
distribution in respect of Deposited Securities; (ii) Shares subscribed for or
acquired by holders from the Company through the exercise of rights distributed
by the Company to such persons in respect of

                                       3
<PAGE>

Deposited Securities; (iii) securities issued by the Company to the holders in
respect of Deposited Securities as a result of any change in par value,
subdivision, consolidation or other reclassification of Deposited Securities or
otherwise; and (iv) if the Company and the Depositary agree, Shares represented
by depositary receipts issued pursuant to another deposit facility of the
Company. The Company must inform the Depositary if any Shares issued by it which
may be deposited do not, by reason of the date of issue or otherwise, rank pari
passu in all respects with the other deposited securities. Subject to the
provisions of paragraphs (10) and (13) of the form of ADR, if the Depositary
accepts any Shares pursuant to those paragraphs for deposit it will arrange for
the issue of temporary ADRs until such time as the Shares which they represent
become fully fungible with the other Deposited Securities.

     Shares may not be deposited by persons located in India, residents of India
or for, or on the account of, such persons (except that Shares may be deposited
by the Company and the Custodian).

     4.   Issue of ADRs.  After any such deposit of Shares, the Custodian shall
          -------------
notify the Depositary of such deposit and of the information contained in any
related Delivery Order by letter, first class airmail postage prepaid, or, at
the request, risk and expense of the person making the deposit, by cable, telex
or facsimile transmission.  After receiving such notice from the Custodian, the
Depositary, subject to this Deposit Agreement, shall properly issue at the
Transfer Office, to or upon the order of any person named in such notice, an ADR
or ADRs registered as requested and evidencing the aggregate ADSs to which such
person is entitled.

     5.   Distributions on Deposited Securities.  To the extent that the
          -------------------------------------
Depositary determines in its discretion that any distribution pursuant to
paragraph (10) of the form of ADR is not practicable with respect to any Holder,
the Depositary may make such distribution as it so deems practicable, including
the distribution of foreign currency, securities or property (or appropriate
documents evidencing the right to receive foreign currency, securities or
property) or the retention thereof as Deposited Securities with respect to such
Holder's ADRs (without liability for interest thereon or the investment
thereof).

     6.   Withdrawal of Deposited Securities.  In connection with any surrender
          ----------------------------------
of an ADR for withdrawal of the Deposited Securities represented by the ADSs
evidenced thereby, the Depositary may require (i) proper endorsement in blank of
such ADR (or duly executed instruments of transfer thereof in blank) in the case
of a certificated ADR or (ii) proper instructions, documentation and endorsement
in blank in the case of a Direct Registration ADR, together in each case with
the Holder's written order directing the Depositary to cause the Deposited
Securities

                                       4
<PAGE>

represented by the ADSs evidenced by such ADR to be withdrawn and delivered to,
or upon the written order of, any person designated in such order (a "Withdrawal
Order"). Directions from the Depositary to the Custodian to deliver Deposited
Securities shall be given by letter, first class airmail postage prepaid, or, at
the request, risk and expense of the Holder, by cable, telex or facsimile
transmission. Delivery of Deposited Securities may be made by the delivery of
certificates (which, if required by law, shall be properly endorsed or
accompanied by properly executed instruments of transfer or, if such
certificates may be registered, registered in the name of such Holder or as
ordered by such Holder in any Withdrawal Order) or by such other means as the
Depositary may deem practicable. Unless current applicable Indian law changes,
once withdrawn from the ADR facility, Shares may not be redeposited.

     7.   Substitution of ADRs.  The Depositary shall execute and deliver a new
          --------------------
Direct Registration ADR or, upon the request of the Holder, a new certificated
ADR, in exchange and substitution for any mutilated certificated ADR upon
cancellation thereof or in lieu of and in substitution for such destroyed, lost
or stolen certificated ADR, unless the Depositary has notice that such ADR has
been acquired by a bona fide purchaser, upon the Holder thereof filing with the
Depositary a request for such execution and delivery and, in the case of such
destroyed, lost or stolen certificated ADRs, a sufficient indemnity bond and
satisfying any other reasonable requirements imposed by the Depositary.

     8.  Cancellation and Destruction of ADRs.  All ADRs surrendered to the
         ------------------------------------
Depositary shall be canceled by the Depositary.  The Depositary is authorized to
destroy ADRs in certificated form so canceled in accordance with its customary
practices.

     9.   The Custodian.  Any Custodian in acting hereunder shall be subject to
          -------------
the directions of the Depositary and shall be responsible solely to it.  The
Depositary may from time to time appoint one or more agents to act for it as
Custodian hereunder. Each Custodian so appointed (other than Morgan Guaranty
Trust Company of New York) shall give written notice to the Company and the
Depositary accepting such appointment and agreeing to be bound by the applicable
terms hereof.  Any Custodian may resign from its duties hereunder upon at least
30 days' written notice to the Depositary.  The Depositary may discharge any
Custodian at any time upon notice to the Custodian being discharged.  Any
Custodian ceasing to act hereunder as Custodian shall deliver, upon the
instruction of the Depositary, all Deposited Securities held by it to a
Custodian continuing to act.

     10.  Co-Registrars and Co-Transfer Agents.  The Depositary may appoint and
          ------------------------------------
remove (i) co-registrars to register ADRs and transfers, combinations and split-
ups of ADRs and to countersign ADRs in accordance with the terms of any such
appointment and (ii) co-transfer agents for the purpose of effecting transfers,
combinations and split-ups of ADRs at designated transfer offices

                                       5
<PAGE>

in addition to the Transfer Office on behalf of the Depositary. Each co-
registrar or co-transfer agent (other than Morgan Guaranty Trust Company of New
York) shall give notice in writing to the Company and the Depositary accepting
such appointment and agreeing to be bound by the applicable terms of this
Deposit Agreement.

     11.  Lists of Holders.  The Company shall have the right to inspect
          ----------------
transfer records of the Depositary and its agents and the ADR Register, take
copies thereof and require the Depositary and its agents to supply copies of
such portions of such records as the Company may request.  The Depositary or its
agent shall furnish to the Company, promptly upon the written request of the
Company, a list of the names, addresses and holdings of ADSs by all Holders as
of a date within seven days of the Depositary's receipt of such request.

     12.  Depositary's Agents.  The Depositary may perform its obligations under
          -------------------
this Deposit Agreement through any agent appointed by it, provided that the
Depositary shall notify the Company of such appointment and shall remain
responsible for the performance of such obligations as if no agent were
appointed.

     13.  Successor Depositary.  If the Depositary acting hereunder shall resign
          --------------------
or be removed, the Company shall use its best efforts to appoint a bank or trust
company having an office in the Borough of Manhattan, The City of New York, as
successor depositary hereunder.  Every successor depositary shall execute and
deliver to its predecessor and to the Company written acceptance of its
appointment hereunder, and thereupon such successor depositary, without any
further act or deed, shall become Depositary hereunder; but such predecessor,
upon payment of all sums due it and on the written request of the Company, shall
execute and deliver an instrument transferring to such successor all rights and
powers of such predecessor hereunder and assigning all interest in the Deposited
Securities to such successor, and shall deliver to such successor a list of the
Holders.  Any bank or trust company into or with which the Depositary may be
merged or consolidated, or to which the Depositary shall transfer substantially
all its American depositary receipt business, shall be the successor of the
Depositary without the execution or filing of any document or any further act.
Upon the appointment of any successor depositary hereunder, any agent of the
Depositary then acting hereunder shall forthwith become such agent hereunder of
such successor depositary and such successor depositary shall, on the written
request of any such agent, execute and deliver to such agent any instruments
necessary to give such agent authority as such agent hereunder of such successor
depositary.

     14.  Reports.  On or before the first date on which the Company makes any
          -------
communication available to holders of Deposited Securities or any securities
regulatory authority or stock exchange, by publication or otherwise, the Company
shall transmit to the Depositary a copy thereof in English or with an English

                                       6
<PAGE>

translation or summary.  The Company has delivered to the Depositary, the
Custodian and any Transfer Office, a copy of all provisions of or governing the
Shares and any other Deposited Securities issued by the Company or any affiliate
of the Company and, promptly upon any change thereto, the Company shall deliver
to the Depositary, the Custodian and any Transfer Office, a copy (in English or
with an English translation) of such provisions as so changed.  The Depositary
and its agents may rely upon the Company's delivery thereof for all purposes of
this Deposit Agreement.

     15.  Additional Shares.  Neither the Company nor any company controlling,
          -----------------
controlled by or under common control with the Company shall issue additional
Shares, rights to subscribe for Shares, securities convertible into or
exchangeable for Shares or rights to subscribe for any such securities or shall
deposit any Shares under this Deposit Agreement, except under circumstances
complying in all respects with the Securities Act of 1933.  The Depositary will
use reasonable efforts to comply with written instructions of the Company not to
accept for deposit hereunder any Shares identified in such instructions at such
times and under such circumstances as may reasonably be specified in such
instructions in order to facilitate the Company's compliance with securities
laws in the United States.

     16.  Indemnification.  The Company shall indemnify, defend and save
          ---------------
harmless each of the Depositary and its agents against any loss, liability or
expense (including reasonable fees and expenses of counsel) which may arise out
of acts performed or omitted, in accordance with the provisions of this Deposit
Agreement and of the ADRs, as the same may be amended, modified or supplemented
from time to time in accordance herewith (i) by either the Depositary or its
agents or their respective directors, employees, agents and affiliates, except
for any liability or expense arising out of its negligence or bad faith, or (ii)
by the Company or any of its directors, employees, agents or affiliates.

     The indemnities set forth in the preceding paragraph shall apply to any
liability or expense which may arise out of any misstatement or alleged
misstatement or omission or alleged omission in any registration statement,
proxy statement, prospectus (or placement memorandum), or preliminary prospectus
(or preliminary placement memorandum) relating to the offer or sale of ADSs,
except to the extent any such liability or expense arises out of (i) information
relating to the Depositary or its agents (other than the Company), as
applicable, furnished in writing and not changed or altered by the Company
expressly for use in any of the foregoing documents or (ii) if such information
is provided, the failure to state a material fact necessary to make the
information provided not misleading.

     The Depositary shall indemnify, defend and save harmless the Company
against any loss, liability or expense incurred by the Company in respect of
this Deposit Agreement to the extent such

                                       7
<PAGE>

loss, liability or expense is due to the negligence or bad faith of the
Depositary. The obligations set forth in this Section 16 shall survive the
termination of this Deposit Agreement and the succession or substitution of any
indemnified person.

     17.  Notices.  Notice to any Holder shall be deemed given when first
          -------
mailed, first class postage prepaid, to the address of such Holder on the ADR
Register or received by such Holder. Notice to the Depositary or the Company
shall be deemed given when first received by it at the address or facsimile
transmission number set forth in (a) or (b), respectively, or at such other
address or facsimile transmission number as either may specify to the other by
written notice:

               (a)  Morgan Guaranty Trust Company
                           of New York
                    60 Wall Street (36th Floor)
                    New York, New York 10260
                    Attention:  ADR Administration
                    Fax: (212) 648-5576

               (b)  Wipro Limited
                    Doddakannelli
                    Sarjapur Road
                    Bangalore, Karnataka 560 035
                    India
                    Attention: Mr. Suresh C. Senapaty
                    Fax: 91(80) 844-0054

     18.  Miscellaneous.  This Deposit Agreement is for the exclusive benefit of
          -------------
the Company, the Depositary, the Holders, and their respective successors
hereunder, and shall not give any legal or equitable right, remedy or claim
whatsoever to any other person.  The Holders and owners of ADRs from time to
time shall be parties to this Deposit Agreement and shall be bound by all of the
provisions hereof.  If any such provision is invalid, illegal or unenforceable
in any respect, the remaining provisions shall in no way be affected thereby.
This Deposit Agreement may be executed in any number of counterparts, each of
which shall be deemed an original and all of which shall constitute one
instrument.

                                       8
<PAGE>

          IN WITNESS WHEREOF, WIPRO LIMITED and MORGAN GUARANTY TRUST COMPANY OF
NEW YORK have duly executed this Deposit Agreement as of the day and year first
above set forth and all holders of ADRs shall become parties hereto upon
acceptance by them of ADRs issued in accordance with the terms hereof.

                              WIPRO LIMITED

                              By: _________________________
                              Name:
                              Title:

                              MORGAN GUARANTY TRUST COMPANY
                                      OF NEW YORK

                              By: _________________________
                              Name:
                              Title:  Vice President

                                       9
<PAGE>

                                   EXHIBIT A
                        ANNEXED TO AND INCORPORATED IN
                               DEPOSIT AGREEMENT
                           -------------------------

                             [FORM OF FACE OF ADR]

                                                       No. of ADSs:
-------
Number
                                                       --------------------
                                                       Each ADS represents
                                                       One Share

                                                       CUSIP:

                          AMERICAN DEPOSITARY RECEIPT

                                  evidencing

                          AMERICAN DEPOSITARY SHARES

                                 representing

                                 EQUITY SHARES

                                      of

                                 WIPRO LIMITED

                            (Incorporated under the
                        laws of the Republic of India)

     MORGAN GUARANTY TRUST COMPANY OF NEW YORK, a New York corporation, as
depositary hereunder (the "Depositary"), hereby certifies that ___________ is
the registered owner (a "Holder") of _____ American Depositary Shares ("ADSs"),
each (subject to paragraph (13)) representing one equity share in registered
form (including the rights to receive Shares described in paragraph (1),
"Shares" and, together with any other securities, cash or property from time to
time held by the Depositary in respect or in lieu of deposited Shares, the
"Deposited Securities"), of WIPRO LIMITED, a corporation organized under the
laws of the Republic of India (the "Company"), deposited under the Deposit
Agreement dated as of June , 2000 (as amended from time to time, the "Deposit
Agreement"), among the Company, the Depositary and all Holders from time to time
of American Depositary Receipts issued thereunder ("ADRs"), each of whom by
accepting an ADR becomes a party thereto. The Deposit Agreement and this ADR
(which includes the provisions set forth on the reverse hereof) shall be
governed by and construed in accordance with the laws of the State of New York.

     (1)  Issuance of ADRs.  This ADR is one of the ADRs issued under the
          ----------------
Deposit Agreement.  Subject to paragraph (4), the

                                      A-1
<PAGE>

Depositary may so issue ADRs for delivery at the Transfer Office (defined in
paragraph (3)) only against deposit with the Custodian of: (a) Shares in form
satisfactory to the Custodian; (b) rights to receive Shares from the Company or
any registrar,transfer agent, clearing agent or other entity recording Share
ownership or transactions; or (c) other rights to receive Shares (until such
Shares are actually deposited pursuant to (a) or (b) above, "Pre-released ADRs")
only if (i) Pre-released ADRs are fully collateralized (marked to market daily)
with cash or U.S. government securities held by the Depositary for the benefit
of Holders (but such collateral shall not constitute "Deposited Securities"),
(ii) each recipient of Pre-released ADRs agrees in writing with the Depositary
that such recipient (a) owns such Shares, (b) assigns all beneficial right,
title and interest therein to the Depositary, (c) holds such Shares for the
account of the Depositary and (d) will deliver such Shares to the Custodian as
soon as practicable and promptly upon demand therefor and (iii) all Pre-released
ADRs evidence not more than 30% of all ADSs (excluding those evidenced by Pre-
released ADRs), provided, however, that the Depositary reserves the right to
                --------  -------
change or disregard such limit from time to time as it deems appropriate. The
Depositary may retain for its own account any earnings on collateral for Pre-
released ADRs and its charges for issuance thereof. At the request, risk and
expense of the person depositing Shares, the Depositary may accept deposits for
forwarding to the Custodian and may deliver ADRs at a place other than its
office. Every person depositing Shares under the Deposit Agreement represents
and warrants that such Shares are validly issued and outstanding, fully paid,
nonassessable and free of pre-emptive rights of holders of outstanding Shares,
that the person making such deposit is duly authorized so to do and that such
Shares (A) are not "restricted securities" as such term is defined in Rule 144
under the Securities Act of 1933 unless at the time of deposit they may be
freely transferred in accordance with Rule 144(k) and may otherwise be offered
and sold freely in the United States or (B) have been registered under the
Securities Act of 1933. Such representations and warranties shall survive the
deposit of Shares and issuance of ADRs. The Depositary will not knowingly accept
for deposit under the Deposit Agreement any Shares required to be registered
under the Securities Act of 1933 and not so registered; the Depositary may
refuse to accept for such deposit any Shares identified by the Company in order
to facilitate the Company's compliance with such Act or whenever the Depositary
is notified in writing that the Company has restricted transfer of shares if
such transfer would result in the ownership of the Shares being in violation of
any applicable laws or regulations (including stock exchange regulations), the
Government Approval or the Memorandum and Articles of Association of the
Company. The Depositary may also refuse to accept Shares for deposit if such
action is deemed necessary or desirable by the Depositary, in good faith, at any
time or from time to time because of any requirement or law or rule of any
government or governmental authority, body or

                                      A-2
<PAGE>

commission or stock exchange or under any provision of this Deposit Agreement or
for any other reason.

     (2)  Withdrawal of Deposited Securities.  Subject to paragraphs (4) and
          ----------------------------------
(5), upon surrender of (i) a certificated ADR in form satisfactory to the
Depositary at the Transfer Office or (ii) proper instructions and documentation
in the case of a Direct Registration ADR, the Holder hereof is entitled to
delivery at the Custodian's office of the whole number of Deposited Securities
at the time represented by the ADSs evidenced by this ADR.  At the request, risk
and expense of the Holder hereof, the Depositary may deliver such Deposited
Securities at such other place as may have been requested by the Holder.  A
stamp duty of 0.5 per cent (or such percentage as may be applicable at the
relevant time) of the market value of the Shares will be charged in respect of
any withdrawal of Shares and such stamp duty will be payable by the relevant
Holder.  However, no stamp duty will be payable for transfer of Shares held in
dematerialized form.  Any subsequent transfer by the Holder of the Shares after
withdrawal will require the approval of the Reserve Bank of India, which
approval must be obtained by the purchaser and the Company under Section
29(1)(b) and 19(4), respectively, of the Foreign Exchange Regulation Act, 1973
unless the transfer is on a stock exchange or in connection with an offer under
the Indian takeover regulations.  Notwithstanding any other provision of the
Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be
restricted only for the reasons set forth in General Instruction I.A.(1) of Form
F-6 (as such instructions may be amended from time to time) under the Securities
Act of 1933.

     (3)  Transfers of ADRs.  The Depositary or its agent will keep, at a
          -----------------
designated transfer office in the Borough of Manhattan, The City of New York
(the "Transfer Office"), (a) a register (the "ADR Register") for the
registration, registration of transfer, combination and split-up of ADRs, which,
in the case of Direct Registration ADRs, shall include the Direct Registration
System, which at all reasonable times will be open for inspection by Holders and
the Company for the purpose of communicating with Holders in the interest of the
business of the Company or a matter relating to the Deposit Agreement and (b)
facilities for the delivery and receipt of ADRs. The term ADR Register includes
the Direct Registration System.  Title to this ADR (and to the Deposited
Securities represented by the ADSs evidenced hereby), when properly endorsed in
the case of ADRs in certificated form or upon delivery to the Depositary of
proper instruments of transfer, is transferable by delivery with the same effect
as in the case of negotiable instruments under the laws of the State of New
York; provided that the Depositary, notwithstanding any notice to the contrary,
      --------
may treat the person in whose name this ADR is registered on the ADR Register as
the absolute owner hereof for all purposes.  Subject to paragraphs (4) and (5),
this ADR is transferable on the ADR Register and may

                                      A-3
<PAGE>

be split into other ADRs or combined with other ADRs into one ADR, evidencing
the same number of ADSs evidenced by this ADR, by the Holder hereof or by such
Holder's duly authorized attorney upon surrender of this ADR at the Transfer
Office properly endorsed (in the case of ADRs in certificated form) or upon
delivery to the Depositary of proper instruments of transfer and duly stamped as
may be required by applicable law; provided that the Depositary may close the
                                   --------
ADR Register at any time or from time to time when deemed expedient by it or
requested by the Company. At the request of a Holder, the Depositary shall, for
the purpose of substituting a certificated ADR with a Direct Registration ADR,
or vice versa, execute and deliver a certificated ADR or a Direct Registration
ADR, as the case may be, for any authorized number of ADSs requested, evidencing
the same aggregate number of ADSs as those evidenced by the certificated ADR or
Direct Registration ADR, as the case may be, substituted.

     (4)  Certain Limitations.  Prior to the issue, registration, registration
          -------------------
of transfer, split-up or combination of any ADR, the delivery of any
distribution in respect thereof, or, subject to the last sentence of paragraph
(2), the withdrawal of any Deposited Securities, and from time to time in the
case of clause (b)(ii) of this paragraph (4), the Company, the Depositary or the
Custodian may require:  (a) payment with respect thereto of (i) any stock
transfer or other tax or other governmental charge, (ii) any stock transfer or
registration fees in effect for the registration of transfers of Shares or other
Deposited Securities upon any applicable register and (iii) any applicable
charges as provided in paragraph (7) of this ADR; (b) the production of proof
satisfactory to it of (i) the identity and genuineness of any signature and (ii)
such other information, including without limitation, information as to
citizenship, residence, exchange control approval, beneficial ownership of any
securities, compliance with applicable law, regulations, provisions of or
governing Deposited Securities and terms of the Deposit Agreement and this ADR,
as it may deem necessary or proper; and (c) compliance with such regulations as
the Depositary may establish consistent with the Deposit Agreement.  The
issuance of ADRs, the acceptance of deposits of Shares, the registration,
registration of transfer, split-up or combination of ADRs or, subject to the
last sentence of paragraph (2), the withdrawal of Deposited Securities may be
suspended, generally or in particular instances, when the ADR Register or any
register for Deposited Securities is closed or when any such action is deemed
advisable by the Depositary or the Company.

     (5)  Taxes.  If any tax or other governmental charge shall become payable
          -----
by or on behalf of the Custodian or the Depositary with respect to this ADR, any
Deposited Securities represented by the ADSs evidenced hereby or any
distribution thereon, such tax or other governmental charge shall be paid by the
Holder hereof to the Depositary.  The Depositary may refuse to effect any

                                      A-4
<PAGE>

registration, registration of transfer, split-up or combination hereof or,
subject to the last sentence of paragraph (2), any withdrawal of such Deposited
Securities until such payment is made.  The Depositary may also deduct from any
distributions on or in respect of Deposited Securities, or may sell by public or
private sale for the account of the Holder hereof any part or all of such
Deposited Securities (after attempting by reasonable means to notify the Holder
hereof prior to such sale), and may apply such deduction or the proceeds of any
such sale in payment of such tax or other governmental charge, the Holder hereof
remaining liable for any deficiency, and shall reduce the number of ADSs
evidenced hereby to reflect any such sales of Shares.  In connection with any
distribution to Holders, the Company will remit to the appropriate governmental
authority or agency all amounts (if any) required to be withheld and owing to
such authority or agency by the Company; and the Depositary and the Custodian
will remit to the appropriate governmental authority or agency all amounts (if
any) required to be withheld and owing to such authority or agency by the
Depositary or the Custodian.  If the Depositary determines that any distribution
in property other than cash (including Shares or rights) on Deposited Securities
is subject to any tax that the Depositary or the Custodian is obligated to
withhold, the Depositary may dispose of all or a portion of such property in
such amounts and in such manner as the Depositary deems necessary and
practicable to pay such taxes, by public or private sale, and the Depositary
shall distribute the net proceeds of any such sale or the balance of any such
property after deduction of such taxes to the Holders entitled thereto.

     (6)  Disclosure of Interests.  To the extent that the provisions of or
          -----------------------
governing any Deposited Securities may require disclosure of or impose limits on
beneficial or other ownership of Deposited Securities, other Shares and other
securities and may provide for blocking transfer, voting or other rights to
enforce such disclosure or limits, Holders and all persons holding ADRs agree to
comply with all such disclosure requirements and ownership limitations and to
cooperate with the Depositary in the Depositary's compliance with any Company
instructions in respect thereof, and the Depositary will use reasonable efforts
to comply with such Company instructions.

     The Company may restrict transfers of the Shares where any such transfer
might result in ownership of Shares in contravention of, or exceeding the limits
under, the Government Approval, applicable law or the constituent instruments of
the Company.  The Company also may also instruct Holders, in such manner as it
deems appropriate in its sole discretion, that it is restricting the transfers
of ADSs where such transfer may result in the total number of Shares represented
by the ADSs beneficially owned by a single Holder to contravene or exceed the
limits under the Government Approval, applicable law or the constituent
instruments of the Company.  The Company reserves the

                                      A-5
<PAGE>

right to instruct Holders to deliver their ADRs for cancellation and withdrawal
of the Deposited Securities so as to permit the Company to deal directly with
the Holder thereof as a holder of Shares. The Depositary agrees to cooperate
with the Company in its efforts to inform Holders of the Company's exercise of
its rights under this paragraph and agrees to consult with, and provide
reasonable assistance without risk, liability or expense on the part of the
Depositary, to the Company on the manner or manners in which it may enforce such
rights with respect to any Holder.

     (7)  Charges of Depositary.  The Depositary may charge each person to whom
          ---------------------
ADRs are issued against deposits of Shares, including deposits in respect of
Share Distributions, Rights and Other Distributions (as such terms are defined
in paragraph (10)), and each person surrendering ADRs for withdrawal of
Deposited Securities, U.S. $5.00 for each 100 ADSs (or portion thereof)
evidenced by the ADRs delivered or surrendered.  The Depositary may sell (by
public or private sale) sufficient securities and property received in respect
of Share Distributions, Rights and Other Distributions prior to such deposit to
pay such charge.  The Company will pay all other charges and expenses of the
Depositary and any agent of the Depositary (except the Custodian) pursuant to
agreements from time to time between the Company and the Depositary, except (i)
stock transfer or other taxes and other governmental charges (which are payable
by Holders or persons depositing Shares), (ii) cable, telex and facsimile
transmission and delivery charges incurred at the request of persons depositing,
or Holders delivering Shares, ADRs or Deposited Securities (which are payable by
such persons or Holders), (iii) transfer or registration fees for the
registration of transfer of Deposited Securities on any applicable register in
connection with the deposit or withdrawal of Deposited Securities (which are
payable by persons depositing Shares or Holders withdrawing Deposited
Securities; there are no such fees in respect of the Shares as of the date of
the Deposit Agreement) and (iv) expenses of the Depositary in connection with
the conversion of foreign currency into U.S. dollars (which are paid out of such
foreign currency). These charges may be changed in the manner indicated in
paragraph (16).

     (8)  Available Information.  The Deposit Agreement, the provisions of or
          ---------------------
governing Deposited Securities and any written communications from the Company,
which are both received by the Custodian or its nominee as a holder of Deposited
Securities and made generally available to the holders of Deposited Securities,
are available for inspection by Holders at the offices of the Depositary and the
Custodian and at the Transfer Office.  The Depositary will mail copies of such
communications (or English translations or summaries thereof) to Holders when
furnished by the Company. The Company is subject to the periodic reporting
requirements of the Securities Exchange Act of 1934 and accordingly files
certain reports with the United States Securities and Exchange Commission (the
"Commission").  Such reports and other information may be inspected and copied
at public reference facilities maintained by the Commission located

                                      A-6
<PAGE>

at the date hereof at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C.
20549.

     (9)  Execution.  This ADR shall not be valid for any purpose unless
          ---------
executed by the Depositary by the manual or facsimile signature of a duly
authorized officer of the Depositary.

Dated:

                              MORGAN GUARANTY TRUST COMPANY
                                     OF NEW YORK, as Depositary

                                     By ........................
                                           Authorized Officer

     The Depositary's office is located at 60 Wall Street, New York, New York
10260.

                                      A-7
<PAGE>

                            [FORM OF REVERSE OF ADR]

     (10) Distributions on Deposited Securities.  Subject to paragraphs (4) and
          -------------------------------------
(5), to the extent practicable, the Depositary will distribute by mail to each
Holder entitled thereto on the record date set by the Depositary therefor at
such Holder's address shown on the ADR Register, in proportion to the number of
Deposited Securities (on which the following distributions on Deposited
Securities are received by the Custodian) represented by ADSs evidenced by such
Holder's ADRs:  (a) Cash.  Any U.S. dollars available to the Depositary
                    ----
resulting from a cash dividend or other cash distribution or the net proceeds of
sales of any other distribution or portion thereof authorized in this paragraph
(10) ("Cash"), on an averaged or other practicable basis, subject to (i)
appropriate adjustments for taxes withheld, (ii) such distribution being
impermissible or impracticable with respect to certain Holders, and (iii)
deduction of the Depositary's expenses in (1) converting any foreign currency to
U.S. dollars by sale or in such other manner as the Depositary may determine to
the extent that it determines that such conversion may be made on a reasonable
basis, (2) transferring foreign currency or U.S. dollars to the United States by
such means as the Depositary may determine to the extent that it determines that
such transfer may be made on a reasonable basis, (3) obtaining any approval or
license of any governmental authority required for such conversion or transfer,
which is obtainable at a reasonable cost and within a reasonable time and (4)
making any sale by public or private means in any commercially reasonable manner

provided, however, that in the event that any of the deposited Shares is not
--------  -------
entitled, by reason of its date of issuance, or otherwise, to receive the full
amount of such cash dividend or distribution, the Depositary shall make
appropriate adjustments in the amounts distributed to the Holders of the ADRs
issued in respect of such Shares; and provided, further, that in the event that
                                      --------  -------
the Company 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 on the ADRs
issued in respect of such Deposited Securities shall be reduced accordingly. (b)

Shares.  (i) Additional ADRs evidencing whole ADSs representing any Shares
------
available to the Depositary resulting from a dividend or free distribution on
Deposited Securities consisting of Shares (a "Share Distribution") and (ii) U.S.
dollars available to it resulting from the net proceeds of sales of Shares
received in a Share Distribution, which Shares would give rise to fractional
ADSs if additional ADRs were issued therefor, as in the case of Cash. (c)
Rights.  (i) Warrants or other instruments in the discretion of the Depositary
------
representing rights to acquire additional ADRs in respect of any rights to
subscribe for additional Shares or rights of any nature available to the
Depositary as a result of a distribution on Deposited Securities ("Rights"), to
the extent that the Company timely furnishes to the Depositary evidence
satisfactory to the Depositary that the Depositary may lawfully distribute the
same (the Company has no obligation to so furnish such evidence), or (ii) to the
extent the Company does not so

                                      A-8
<PAGE>

furnish such evidence and sales of Rights are practicable, any U.S. dollars
available to the Depositary from the net proceeds of sales of Rights as in the
case of Cash, or (iii) to the extent the Company does not so furnish such
evidence and such sales cannot practicably be accomplished by reason of the
nontransferability of the Rights, limited markets therefor, their short duration
or otherwise, nothing (and any Rights may lapse). (d) Other Distributions. (i)
                                                      -------------------
Securities or property available to the Depositary resulting from any
distribution on Deposited Securities other than Cash, Share Distributions and
Rights ("Other Distributions"), by any means that the Depositary may
deem equitable and practicable, or (ii) to the extent the Depositary deems
distribution of such securities or property not to be equitable and practicable,
any U.S. dollars available to the Depositary from the net proceeds of sales of
Other Distributions as in the case of Cash.  Such U.S. dollars available will be
distributed by checks drawn on a bank in the United States for whole dollars and
cents (any fractional cents being withheld without liability for interest and
added to future Cash distributions).

     (11) Record Dates.  The Depositary may, after consultation with the
          ------------
Company if practicable, fix a record date (which shall be as near as practicable
to any corresponding record date set by the Company) for the determination of
the Holders who shall be entitled to receive any distribution on or in respect
of Deposited Securities, to give instructions for the exercise of any voting
rights, to receive any notice or to act in respect of other matters and only
such Holders shall be so entitled.

     (12) Voting of Deposited Securities.  As soon as practicable after receipt
          ------------------------------
from the Company of notice of any meeting or solicitation of consents or proxies
of holders of Shares or other Deposited Securities, the Depositary shall mail to
Holders a notice stating (a) such information as is contained in such notice and
any solicitation materials, (b) that each Holder on the record date set by the
Depositary therefor will be entitled to instruct the Depositary as to the
exercise of the voting rights, if any, pertaining to the Deposited Securities
represented by the ADSs evidenced by such Holder's ADRs and (c) the manner in
which such instructions may be given, including instructions to give a
discretionary proxy to a person designated by the Company.  Upon receipt of
instructions of a Holder on such record date in the manner and on or before the
date established by the Depositary for such purpose, the Depositary shall
endeavor insofar as practicable and permitted under the provisions of or
governing Deposited Securities to vote or cause to be voted the Deposited
Securities represented by the ADSs evidenced by such Holder's ADRs in accordance
with such instructions.  The Depositary will not itself exercise any voting
discretion in respect of any Deposited Securities.

     (13) Changes Affecting Deposited Securities.  Subject to paragraphs (4)
          --------------------------------------
and (5), the Depositary may, in its discretion, amend this ADR or distribute
additional or amended ADRs (with or

                                      A-9
<PAGE>

without calling this ADR for exchange) or cash, securities or property on the
record date set by the Depositary therefor to reflect any change in par value,
split-up, consolidation, cancellation or other reclassification of Deposited
Securities, any Share Distribution or Other Distribution not distributed to
Holders or any cash, securities or property available to the Depositary in
respect of Deposited Securities from (and the Depositary is hereby authorized to
surrender any Deposited Securities to any person and to sell by public or
private sale any property received in connection with) any recapitalization,
reorganization, merger, consolidation, liquidation, receivership, bankruptcy or
sale of all or substantially all the assets of the Company, and to the extent
the Depositary does not so amend this ADR or make a distribution to Holders to
reflect any of the foregoing, or the net proceeds thereof, whatever cash,
securities or property results from any of the foregoing shall constitute
Deposited Securities and each ADS evidenced by this ADR shall automatically
represent its pro rata interest in the Deposited Securities as then constituted.

     (14) Exoneration.  The Depositary, the Company, their agents and each of
          -----------
them shall: (a) incur no liability (i) if law, regulation, the provisions of or
governing any Deposited Securities, act of God, war or other circumstance beyond
its control shall prevent, delay or subject to any civil or criminal penalty any
act which the Deposit Agreement or this ADR provides shall be done or performed
by it, or (ii) by reason of any exercise or failure to exercise any discretion
given it in the Deposit Agreement or this ADR; (b) assume no liability except to
perform its obligations to the extent they are specifically set forth in this
ADR and the Deposit Agreement without gross negligence or bad faith; (c) in the
case of the Depositary and its agents, be under no obligation to appear in,
prosecute or defend any action, suit or other proceeding in respect of any
Deposited Securities or this ADR; (d) in the case of the Company and its agents
hereunder be under no obligation to appear in, prosecute or defend any action,
suit or other proceeding in respect of any Deposited Securities or this ADR,
which in its opinion may involve it in expense or liability, unless indemnity
satisfactory to it against all expense (including fees and disbursements of
counsel) and liability be furnished as often as may be required by the Company;
and (e) not be liable for any action or inaction by it in reliance upon the
advice of or information from legal counsel, accountants, any person presenting
Shares for deposit, any Holder, or any other person believed by it to be
competent to give such advice or information.  The Depositary, its agents and
the Company may rely and shall be protected in acting upon any written notice,
request, direction or other document believed by them to be genuine and to have
been signed or presented by the proper party or parties.  The Depositary and its
agents will not be responsible for any failure to carry out any instructions to
vote any of the Deposited Securities, for the manner in which any such vote is
cast or for the effect of any such vote.  The Depositary and its agents may own
and deal in any class of securities of the

                                     A-10
<PAGE>

Company and its affiliates and in ADRs. The Company has agreed to indemnify the
Depositary and its agents under certain circumstances and the Depositary has
agreed to indemnify the Company against losses incurred by the Company to the
extent such losses are due to the negligence or bad faith of the Depositary. No
disclaimer of liability under the Securities Act of 1933 is intended by any
provision hereof.

     (15) Resignation and Removal of Depositary; the Custodian. The Depositary
          ----------------------------------------------------
may resign as Depositary by written notice of its election to do so delivered to
the Company, or be removed as Depositary by the Company by written notice of
such removal delivered to the Depositary; such resignation or removal shall take
effect upon the appointment of and acceptance by a successor depositary.  The
Depositary may appoint substitute or additional Custodians and the term
"Custodian" refers to each Custodian or all Custodians as the context requires.
 ---------

     (16) Amendment.  Subject to the last sentence of paragraph (2), the ADRs
          ---------
and the Deposit Agreement may be amended by the Company and the Depositary,
provided that any amendment that imposes or increases any fees or charges (other
--------
than stock transfer or other taxes and other governmental charges, transfer or
registration fees, cable, telex or facsimile transmission costs, delivery costs
or other such expenses), or that shall otherwise prejudice any substantial
existing right of Holders, shall become effective 30 days after notice of such
amendment shall have been given to the Holders.  Every Holder of an ADR at the
time any amendment to the Deposit Agreement so becomes effective shall be
deemed, by continuing to hold such ADR, 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 Holder of any ADR to surrender such ADR
and receive the Deposited Securities represented thereby, except in order to
comply with mandatory provisions of applicable law. Any amendments or
supplements which (i) are reasonably necessary (as agreed by the Company and the
Depositary) in order for (a) the ADSs to be registered on Form F-6 under the
Securities Act of 1933 or (b) the ADSs or Shares to be traded solely in
electronic book-entry form and (ii) do not in either such case impose or
increase any fees or charges to be borne by Holders, shall be deemed not to
prejudice any substantial rights of Holders.   Notwithstanding the foregoing, if
any governmental body should adopt new laws, rules or regulations which would
require amendment or supplement of the Deposit Agreement or the form of ADR to
ensure compliance therewith, the Company and the Depositary may amend or
supplement the Deposit Agreement and the ADR at any time in accordance with such
changed rules.  Such amendment or supplement to the Deposit Agreement in such
circumstances may become effective before a notice of such amendment or
supplement is given to Holders or within any other period of time as required
for compliance.

     (17) Termination.  The Depositary may, and shall at the written direction
          -----------
of the Company, terminate the Deposit Agreement

                                     A-11
<PAGE>

and this ADR by mailing notice of such termination to the Holders at least 30
days prior to the date fixed in such notice for such termination. After the date
so fixed for termination, the Depositary and its agents will perform no further
acts under the Deposit Agreement and this ADR, except to receive and hold (or
sell) distributions on Deposited Securities and deliver Deposited Securities
being withdrawn. As soon as practicable after the expiration of six months from
the date so fixed for termination, the Depositary shall sell the Deposited
Securities and shall thereafter (as long as it may lawfully do so) hold in a
segregated account the net proceeds of such sales, together with any other cash
then held by it under the Deposit Agreement, without liability for interest, in
trust for the pro rata benefit of the Holders of ADRs not theretofore
              --- ----
surrendered. After making such sale, the Depositary shall be discharged from all
obligations in respect of the Deposit Agreement and this ADR, except to account
for such net proceeds and other cash. After the date so fixed for termination,
the Company shall be discharged from all obligations under the Deposit Agreement
except for its obligations to the Depositary and its agents.

                                     A-12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]