EXHIBIT 4.1 DEPOSIT AGREEMENTAccount Control Agreement |
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Search Account Control Agreement by:
Exhibit 4.1
SPARK NETWORKS PLC
AND
THE BANK OF NEW YORK
As Depositary
AND
OWNERS AND BENEFICIAL OWNERS OF
AMERICAN DEPOSITARY RECEIPTS
Deposit Agreement
Dated as of ,
2006
TABLE OF CONTENTS
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ARTICLE 1. DEFINITIONS |
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- 1 - |
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SECTION 1.01. |
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American
Depositary Shares; Receipts |
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SECTION 1.02. |
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Beneficial
Owner |
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SECTION 1.03. |
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Commission |
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SECTION 1.04. |
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Company |
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SECTION 1.05. |
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Custodian |
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SECTION 1.06. |
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Deliver;
Surrender |
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SECTION 1.07. |
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Depositary;
Corporate Trust Office |
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SECTION 1.08. |
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Deposited
Securities |
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SECTION 1.09. |
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Dollars;
Pounds; Pence; P |
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SECTION 1.10. |
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DTC |
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SECTION 1.11. |
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Foreign
Currency |
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SECTION 1.12. |
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Foreign
Registrar |
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SECTION 1.13. |
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Deposit
Agreement |
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- 3 - |
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SECTION 1.14. |
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Master
Receipt |
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SECTION 1.15. |
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Owner |
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SECTION 1.16. |
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Receipts |
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SECTION 1.17. |
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Registrar |
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SECTION 1.18. |
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Restricted
Securities |
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SECTION 1.19. |
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Securities
Act |
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SECTION 1.20. |
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Securities
Exchange Act |
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SECTION 1.21. |
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Shares |
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SECTION 1.22. |
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Stamp
Taxes |
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SECTION 1.23. |
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United
States |
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ARTICLE 2. FORM OF
RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER
OF RECEIPTS |
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- 5 - |
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SECTION 2.01. |
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Form
and Transferability of Receipts |
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SECTION 2.02. |
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Deposit
of Shares |
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SECTION 2.03. |
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Execution
and Delivery of Receipts |
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SECTION 2.04. |
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Transfer
of Receipts; Combination and Split-up of Receipts |
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SECTION 2.05. |
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Surrender
of Receipts and Withdrawal of Shares |
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SECTION 2.06. |
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Limitations
on Execution and Delivery, Transfer and Surrender of Receipts and Withdrawal
of Deposited Securities |
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SECTION 2.07. |
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Lost
Receipts |
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SECTION 2.08. |
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Cancellation
and Destruction of Surrendered Receipts |
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SECTION 2.09. |
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Pre-Release |
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ARTICLE 3. CERTAIN
OBLIGATIONS OF OWNERS OF RECEIPTS |
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SECTION 3.01. |
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Filing
Proofs, Certificates and Other Information |
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SECTION 3.02. |
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Liability
of Owner for Taxes |
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SECTION 3.03. |
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Warranties
on Deposit or Withdrawal of Shares |
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ARTICLE 4. THE DEPOSITED
SECURITIES |
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SECTION 4.01. |
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Cash
Distributions |
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SECTION 4.02. |
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Distributions
Other than Cash, Shares or Rights |
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SECTION 4.03. |
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Distributions
in Shares |
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SECTION 4.04. |
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Rights |
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SECTION 4.05. |
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Conversion
of Foreign Currency |
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SECTION 4.06. |
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Fixing
of Record Date |
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SECTION 4.07. |
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Voting
of Deposited Securities |
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SECTION 4.08. |
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Changes
Affecting Deposited Securities |
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SECTION 4.09. |
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Reports |
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SECTION 4.10. |
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Lists
of Owners |
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SECTION 4.11. |
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Withholding |
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ARTICLE 5. THE
DEPOSITARY, THE CUSTODIANS AND THE COMPANY |
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SECTION 5.01. |
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Maintenance
of Office and Transfer Books by the Depositary |
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SECTION 5.02. |
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Prevention
or Delay in Performance by the Depositary or the Company |
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SECTION 5.03. |
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Obligations
of the Depositary, the Custodian and the Company |
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SECTION 5.04. |
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Resignation
and Removal of the Depositary; Appointment of Successor Depositary |
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SECTION 5.05. |
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The
Custodians |
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SECTION 5.06. |
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Notices
and Reports |
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SECTION 5.07. |
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Issuance
and Distribution of Additional Shares, Rights, etc |
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SECTION 5.08. |
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Indemnification |
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SECTION 5.09. |
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Charges
of Depositary |
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SECTION 5.10. |
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Retention
of Depositary Documents |
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SECTION 5.11. |
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Exclusivity |
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SECTION 5.12. |
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List
of Restricted Securities Owners |
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ARTICLE 6. AMENDMENT AND
TERMINATION |
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SECTION 6.01. |
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Amendment |
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SECTION 6.02. |
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Termination |
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ARTICLE 7. MISCELLANEOUS |
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SECTION 7.01. |
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Counterparts |
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SECTION 7.02. |
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No
Third Party Beneficiaries |
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SECTION 7.03. |
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Severability |
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- 28 - |
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SECTION 7.04. |
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Owners
and Beneficial Owners as Parties; Binding Effect |
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SECTION 7.05. |
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Notices |
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SECTION 7.06. |
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Governing
Law |
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SECTION 7.07. |
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Article;
Section |
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ii
DEPOSIT AGREEMENT
DEPOSIT
AGREEMENT dated as of ,
2005 among SPARK NETWORKS PLC, incorporated under the laws of England and Wales
(herein called the Company), THE BANK OF NEW YORK, a New York banking
corporation (herein called the Depositary), and all Owners (as hereinafter
defined) and Beneficial Owners (as hereinafter defined) from time to time of
American Depositary Receipts issued hereunder.
W I T
N E S S E T H:
WHEREAS,
the Company desires to provide, as hereinafter set forth in this Deposit
Agreement, for the deposit of Shares (as hereinafter defined) of the Company
from time to time with the Depositary or with the Custodian (as hereinafter
defined), 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 evidencing the American Depositary Shares; and
WHEREAS,
the American Depositary 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
1.01. American Depositary Shares; Receipts.
The
term “American Depositary Shares” shall mean the securities
representing the interests in the Deposited Securities and evidenced by
Receipts issued hereunder. Each American Depositary Share shall represent the
right to receive the number of Shares specified in Exhibit A to this
Deposit Agreement, until there shall occur a distribution upon Deposited
Securities covered by Section 4.03 or a change in Deposited Securities
covered by Section 4.08 with respect to which additional Receipts are not
executed and delivered, and thereafter American Depositary Shares shall evidence
the rights to receive the amount of Shares or Deposited Securities specified in
such
-1-
Sections. The term
“Receipt” shall mean the American Depositary Receipts issued under
this Deposit Agreement evidencing the American Depositary Shares.
SECTION
1.02. Beneficial Owner.
The
term “Beneficial Owner” shall mean each person owning from time to
time any beneficial interest in the Master RECEIPT issued hereunder but who is
not the Owner of such Receipt.
SECTION
1.03. 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
1.04. Company.
The
term “Company” shall mean Spark Networks plc, incorporated under
the laws of England and Wales, and its successors.
SECTION
1.05. Custodian.
The
term “Custodian” shall mean the London office of The Bank of New
York, as agent of the Depositary for the purposes of this Deposit Agreement,
and any other firm or corporation which may hereafter be appointed by the
Depositary pursuant to the terms of Section 5.05, as substitute or
additional custodian or custodians hereunder, as the context shall require and
shall also mean all of them collectively.
SECTION
1.06. Deliver; Surrender.
(a)
The term “deliver”, or its noun form, when used with respect to
Shares shall mean (i) one or more book-entry transfers to an account or
accounts maintained with a depository institution authorized under applicable
law to effect book-entry transfers of such securities or (ii) the physical
transfer of certificates representing Shares.
(b)
The term “deliver”, or its noun form, when used with respect to
Receipts, shall mean (i) one or more book-entry transfers of American
Depositary Shares to an account or accounts at The Depository Trust Company
(“DTC”) designated by the person entitled to such delivery or
(ii) if requested by the person entitled to such delivery, delivery at the
Corporate Trust Office of the Depositary of one or more Receipts.
(c)
The term “surrender”, when used with respect to Receipts, shall
mean (i) one or more book-entry transfers of American Depositary Shares to
the DTC account of the Depositary or (ii) surrender to the Depositary at its
Corporate Trust Office of one or more Receipts.
-2-
SECTION 1.07. Depositary; Corporate T






