American Depositary Shares (2015)Full Document 

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ASCENDIS PHARMA A/S

AND

THE BANK OF NEW YORK MELLON

As Depositary

AND

OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES

Deposit Agreement

Dated as of , 2015


TABLE OF CONTENTS

ARTICLE 1.

DEFINITIONS

1
SECTION 1.1

American Depositary Shares

1
SECTION 1.2

Commission

2
SECTION 1.3

Company

2
SECTION 1.4

Custodian

2
SECTION 1.5

Deliver; Surrender

2
SECTION 1.6

Deposit Agreement

3
SECTION 1.7

Depositary; Corporate Trust Office

3
SECTION 1.8

Deposited Securities

3
SECTION 1.9

Dollars

3
SECTION 1.10

DTC

3
SECTION 1.11

Foreign Registrar

3
SECTION 1.12

Holder

4
SECTION 1.13

Owner

4
SECTION 1.14

Receipts

4
SECTION 1.15

Registrar

4
SECTION 1.16

Restricted Securities

4
SECTION 1.17

Securities Act of 1933

5
SECTION 1.18

Shares

5
ARTICLE 2.

FORM OF RECEIPTS, DEPOSIT OF SHARES, DELIVERY, TRANSFER AND SURRENDER OF AMERICAN DEPOSITARY SHARES

5
SECTION 2.1

Form of Receipts; Registration and Transferability of American Depositary Shares

5
SECTION 2.2

Deposit of Shares

6
SECTION 2.3

Delivery of American Depositary Shares

7
SECTION 2.4

Registration of Transfer of American Depositary Shares; Combination and Split-up of Receipts; Interchange of Certificated and Uncertificated American Depositary Shares

8
SECTION 2.5

Surrender of American Depositary Shares and Withdrawal of Deposited Securities

9
SECTION 2.6

Limitations on Delivery, Transfer and Surrender of American Depositary Shares

10
SECTION 2.7

Lost Receipts, etc.

10
SECTION 2.8

Cancellation and Destruction of Surrendered Receipts

11
SECTION 2.9

Pre-Release of American Depositary Shares

11
SECTION 2.10

DTC Direct Registration System and Profile Modification System

12


ARTICLE 3.

CERTAIN OBLIGATIONS OF OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES

12

SECTION 3.1

Filing Proofs, Certificates and Other Information

12

SECTION 3.2

Liability of Owner for Taxes

13

SECTION 3.3

Warranties on Deposit of Shares

13

SECTION 3.4

Disclosure of Interests

13
ARTICLE 4.

THE DEPOSITED SECURITIES

14

SECTION 4.1

Cash Distributions

14

SECTION 4.2

Distributions Other Than Cash, Shares or Rights

14

SECTION 4.3

Distributions in Shares

15

SECTION 4.4

Rights

16

SECTION 4.5

Conversion of Foreign Currency

17

SECTION 4.6

Fixing of Record Date

18

SECTION 4.7

Voting of Deposited Securities

19

SECTION 4.8

Changes Affecting Deposited Securities

20

SECTION 4.9

Reports

20

SECTION 4.10

Lists of Owners

20

SECTION 4.11

Withholding

21
ARTICLE 5.

THE DEPOSITARY, THE CUSTODIANS AND THE COMPANY

21

SECTION 5.1

Maintenance of Office and Transfer Books by the Depositary

21

SECTION 5.2

Prevention or Delay in Performance by the Depositary or the Company

22

SECTION 5.3

Obligations of the Depositary, the Custodian and the Company

22

SECTION 5.4

Resignation and Removal of the Depositary

23

SECTION 5.5

The Custodians

24

SECTION 5.6

Notices and Reports

25

SECTION 5.7

Distribution of Additional Shares, Rights, etc.

25

SECTION 5.8

Indemnification

26

SECTION 5.9

Charges of Depositary

28

SECTION 5.10

Retention of Depositary Documents

29

SECTION 5.11

Exclusivity

29

SECTION 5.12

List of Restricted Securities Owners

29

SECTION 5.13

Registration of Shares; Share Register

29
ARTICLE 6.

AMENDMENT AND TERMINATION

31

SECTION 6.1

Amendment

31

SECTION 6.2

Termination

31

2


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ARTICLE 7.

MISCELLANEOUS

32

SECTION 7.1