Common use of Initial ADSs Clause in Contracts

Initial ADSs. Upon the basis of the warranties and representations and other terms and conditions herein set forth, at the purchase price per ADS of US$[ ], the Company agrees to sell to the Underwriters and each Underwriter agrees, severally and not jointly, to purchase from the Company the number of Initial ADSs set forth in Schedule I opposite such Underwriter’s name, plus any additional number of Initial ADSs which such Underwriter may become obligated to purchase pursuant to the provisions of Section 8 hereof, subject in each case, to such adjustments among the Underwriters as the Representatives in their discretion shall make to eliminate any sales or purchases of fractional shares.

Initial ADSs. Upon the basis of the warranties and representations and other terms and conditions herein set forth, at the purchase price per ADS of US$[ ], the Company agrees to sell to the Underwriters and each Underwriter agrees, severally and not jointly, to purchase from the Company the number of Initial ADSs set forth in Schedule I opposite such Underwriter’s name, plus any additional number of Initial ADSs which such Underwriter may become obligated to purchase pursuant to the provisions of Section 8 hereof, subject in each case, to such adjustments among the Underwriters as the Representatives Representative in their its discretion shall make to eliminate any sales or purchases of fractional shares.