This site no longer hosts any data. The file you are looking for is probably available on the official Legilux website by clicking on this link.

Ce site n'héberge plus aucune donnée. Le fichier que vous cherchez est probablement accessible sur le site officiel Legilux en cliquant sur ce lien.

Diese Seite nicht mehr Gastgeber keine Daten. Die Datei, die Sie suchen ist wahrscheinlich auf der offiziellen Legilux Website, indem Sie auf diesen link verfügbar.

U X E M B O U R G

MEMORIAL

Journal Officiel

du Grand-Duché de

Luxembourg

MEMORIAL

Amtsblatt

des Großherzogtums

Luxemburg

R E C U E I L D E S S O C I E T E S E T A S S O C I A T I O N S

Le présent recueil contient les publications prévues par la loi modifiée du 10 août 1915 concernant les sociétés commerciales

et par la loi modifiée du 21 avril 1928 sur les associations et les fondations sans but lucratif.

C — N° 1099

24 mai 2011

SOMMAIRE

Bifica Real Estate Investment S.A. . . . . . . .

52706

Bromley S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

52750

Build & Management S.àr.l. . . . . . . . . . . . . .

52709

Callista S.àr.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

52709

Capital Ventures (Australasia) Sàrl . . . . . .

52752

Centre de Pédiatrie Location s.à r.l. . . . . .

52710

Confelux S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

52710

Corex S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52710

Delta 2 (Lux) Sàrl . . . . . . . . . . . . . . . . . . . . . .

52711

Delta 2 (Lux) Sàrl . . . . . . . . . . . . . . . . . . . . . .

52711

Delta 2 (Lux) Sàrl . . . . . . . . . . . . . . . . . . . . . .

52711

Delta 2 (Lux) Sàrl . . . . . . . . . . . . . . . . . . . . . .

52711

deuxLM HOLDING S.A. . . . . . . . . . . . . . . . .

52706

DeuxLM Holding S.A. - SPF . . . . . . . . . . . . .

52706

DEXIA Insurance Services Finance . . . . . .

52712

DS Luxembourg One S.à r.l. . . . . . . . . . . . .

52744

Dunedin Holdings GmbH, Zweigniederlas-

sung Luxemburg . . . . . . . . . . . . . . . . . . . . . .

52743

Electro-Concept S.à r.l. . . . . . . . . . . . . . . . . .

52712

Elektriker Faust s.à r.l. . . . . . . . . . . . . . . . . . .

52712

Element Power Cattiva Holdings S. à r. l.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52743

Elkin Holding S.A., SPF . . . . . . . . . . . . . . . . .

52712

Elux S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52713

Elypsia S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52749

Entreprise de Construction François et

Jean Agnes Sàrl . . . . . . . . . . . . . . . . . . . . . . .

52713

ERP 4 HIRE S.A. . . . . . . . . . . . . . . . . . . . . . . .

52713

Espace Lavandier . . . . . . . . . . . . . . . . . . . . . . .

52713

Euraparfinance Holding S.A. . . . . . . . . . . . .

52714

Eurolux Finance Holding S.A. . . . . . . . . . . .

52739

Euro-Print Sàrl . . . . . . . . . . . . . . . . . . . . . . . . .

52739

Fenim Holding . . . . . . . . . . . . . . . . . . . . . . . . .

52750

F.G.F. S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52739

Fidustar S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

52706

Financière des Dahlias Holding S.A.H. . . .

52740

Finexeo S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

52749

First Foods S.A. . . . . . . . . . . . . . . . . . . . . . . . .

52740

Internet Sails S.A. . . . . . . . . . . . . . . . . . . . . . .

52706

Muscat S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52751

Oraxys Environment 1 S.C.A. . . . . . . . . . . .

52740

Richemont Finance S.A. . . . . . . . . . . . . . . . .

52714

Ring Pelze International S.à r.l. . . . . . . . . . .

52752

Rolby Holding S.à r.l. . . . . . . . . . . . . . . . . . . .

52751

Satinland Finance S.à r.l. . . . . . . . . . . . . . . . .

52752

SME Luxembourg S.à r.l. . . . . . . . . . . . . . . .

52750

52705

U X E M B O U R G

DeuxLM Holding S.A. - SPF, Société Anonyme - Société de Gestion de Patrimoine Familial,

(anc. deuxLM HOLDING S.A.).

Siège social: L-1526 Luxembourg, 23, Val Fleuri.

R.C.S. Luxembourg B 98.609.

Statuts coordonnés déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Belvaux, le 4 mars 2011.

Référence de publication: 2011032616/11.
(110037762) Déposé au registre de commerce et des sociétés de Luxembourg, le 4 mars 2011.

Bifica Real Estate Investment S.A., Société Anonyme.

Siège social: L-2661 Luxembourg, 42, rue de la Vallée.

R.C.S. Luxembourg B 122.724.

Les comptes annuels au 31/12/2009 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 07 AVR. 2011.

Pour: BIFICA REAL ESTATE INVESTMENT S.A.
Société anonyme
Experta Luxembourg
Société anonyme
Mireille WAGNER / Lionel ARGENCE-LAFON

Référence de publication: 2011050744/15.
(110056287) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Internet Sails S.A., Société Anonyme,

(anc. Fidustar S.A.).

Siège social: L-1636 Luxembourg, 10, rue Willy Goergen.

R.C.S. Luxembourg B 113.969.

In the year two thousand eleven, on the eighteenth day of February.
Before Us, Maître Paul DECKER, notary, residing in Luxembourg.

Was held the Extraordinary General Meeting of the shareholders of the public limited liability company "Fidustar S.A."

a société anonyme incorporated under Luxembourg law having its registered office in L-1636 Luxembourg, 10, rue Willy
Goergen,

incorporated pursuant to a deed received by Maître Joseph ELVINGER, notary public residing at Luxembourg, on

December 9

, 2005, published in the Mémorial C, Recueil des Sociétés et Associations, number 851 published on April

, 2006,

registered at the companies and trade register of Luxembourg under section B number 113.969.
The meeting was opened at 5.00 p.m. and was presided by Mr. Paul WEILER, private employee, residing professionally

in Luxembourg.

The Chairman appointed as secretary Ms Nadine GLOESENER, private employee, residing professionally in Luxem-

bourg.

The meeting elected as scrutineer Me Lex THIELEN, lawyer, residing professionally at L-1636 Luxembourg.
The bureau of the meeting having thus been constituted, the Chairman declared and requested the notary to state

that:

I) The agenda of the meeting is the following:
1. Change of the name of the Company into “INTERNET SAILS S.A.”.
2. Subsequent modification of the first Article of the Articles of Incorporation.
3. Decision to amend and restate the object clause of the Company.
4. Subsequent modification of article 4 of the Articles of Incorporation.
5. Change of the form of the shares into nominative form.
6. Miscellaneous.

52706

U X E M B O U R G

II) The shareholders present or represented, the proxies of the represented shareholders and the number of their

shares are shown on an attendance list, which, signed by the shareholders present and by the proxies of the represented
shareholders, the members of the bureau of the meeting and by the undersigned notary, will remain annexed to the
present deed to be filed at the same time by the registration authority.

III) The attendance list shows that the whole capital of de Company is present or represented at the present extraor-

dinary general meeting.

IV) The chairman states that the present meeting is regularly constituted and may validly decide on its agenda. The

shareholders present or represented acknowledge and confirm the statements made by the chairman.

The chairman then submits to the vote of the members of the meeting the following resolutions which were all adopted

by unanimous vote.

First resolution

The General Meeting decides to change the name of Company into “INTERNET SAILS S.A.” and consequently decides

to amend article 1

of the Articles of Incorporation will henceforth have the following wording:

“ Art. 1. There exists a public limited liability company (société anonyme) governed by Luxembourg law (hereinafter

referred to as the "Company").

The Company exists under the name of INTERNET SAILS S.A.”

Second resolution

The General Meeting decides to amend and restate the object clause of the Company so that article 4 of the Articles

shall now read as follows:

“ Art. 4. The purpose of the company will be business in general and more particularly the exploitation of a web site

of sales.

The Corporation can also take participations, directly and indirectly and in any form whatsoever, in other Luxembourg

or foreign enterprises which carry out similar or complementary activities as described above.

The Corporation can also open up branches in and outside the country.
The Corporation can perform all commercial, technical and financial operations, connected directly or indirectly to

facilitating the accomplishment of its purpose in all areas as described above.”

Third resolution

The General Meeting decides to change the form of the shares from bearer into nominative form.

Fourth resolution

The General Meeting accepts the resignation of the director Ms Isabelle PETRICIC-WELSCHEN and gives her discharge

for the execution of her mandate until this day.

The General Meeting renews the mandates of the directors, namely Mr Lex THIELEN and Ms Caroline VAN KAS-

TEREN, for a duration of six years.

Ms Caroline VAN KASTEREN is also appointed as managing director of the company until the annual general meeting

of 2016.

The company is validly bound by the joint signatures of two directors whereof the managing directors'.

Fifth resolution

The General Meeting elects as directors until the annual general meeting of 2016:
a) Ms Manette ERNST-SCHUMANN, director, born in Luxembourg, on April 20

, 1950, residing 17, rue Blochhausen,

L-1243 Luxembourg;

b) Mr Jean-Luc MINES, director, born in Luxembourg, on September 20

, 1959, residing 72, route d'Arlon, L-1150

Luxembourg.

There being no further business on the agenda, the meeting was thereupon adjourned at 5.30 p.m.

Valuation

The expenses, costs, fees and charges which shall be borne by the Company as a result of the present deed are

estimated at EUR 900.-.

The undersigned notary who understands and speaks English, states herewith that on request of the above appearing

persons the present deed is worded in English followed by a French version; on request of the same persons and in case
of any differences between the English and the French text, the English text will prevail.

Whereof the present notarial deed was drawn up in Luxembourg, on the date named at the beginning of this document.

52707

U X E M B O U R G

The document having been read to the persons appearing, all of whom are known to the notary by their surnames,

first names, civil status and residence, the said persons signed together with Us, the notary, this original deed.

Suit la traduction en français:

L'an deux mil onze, le dix-huit février.
Par-devant Maître Paul DECKER, notaire de résidence à Luxembourg.

S'est réunie l'assemblée générale extraordinaire des actionnaires de la société anonyme "FIDUSTAR S.A." une société

anonyme de droit luxembourgeois ayant son siège social à L-1273 Luxembourg, 19, rue de Bitbourg,

constituée suivant acte reçu par Maître Joseph ELVINGER, notaire de résidence à Luxembourg en date du 9 décembre

2005, publié au Mémorial C Recueil Spécial des Sociétés et Associations numéro 851 du 4 avril 2006,

inscrite au registre de commerce et des sociétés de Luxembourg, section B sous le numéro 113.969.
L'assemblée est ouverte à 17.00 heures sous la présidence de Monsieur Paul WEILER, employé privé, demeurant

professionnellement à Luxembourg,

qui désigne Madame Nadine GLOESENER, employée privée, demeurant professionnellement à Luxembourg, comme

secrétaire.

L'assemblée choisit comme scrutateur Maître Lex THIELEN, avocat à la Cour, demeurant professionnellement à L-1636

Luxembourg.

Le bureau de l'assemblée ayant ainsi été constitué, le président déclare et requiert le notaire d'acter que:
I) L'agenda de la réunion est le suivant:
1. Changement de la dénomination en INTERNET SAILS S.A.
2. Modification subséquente de l'article 1

des statuts.

3. Décision de modifier et reformuler la clause définissant l'objet de la Société.
4. Modification subséquente de l'article 4 des statuts.
5. Changement de la forme des actions en actions nominatives.
6. Divers.
II) Les actionnaires présents ou représentés, les mandataires des actionnaires représentés et le nombre d'actions des

actionnaires, sont renseignés sur une liste de présence, laquelle, signée par les actionnaires présents et les mandataires
des actionnaires représentés, par les membres du bureau de l'assemblée et le notaire instrumentant, restera annexée au
présent acte avec lequel elle sera enregistrée.

III) Il résulte de ladite liste de présence que l'intégralité du capital social est présente ou représentée à la présente

assemblée générale extraordinaire.

IV) Le président constate que la présente assemblée est constituée régulièrement et peut valablement délibérer sur

les points de l'ordre du jour.

Le président soumet ensuite au vote des membres de l'assemblée les résolutions suivantes qui ont été toutes prises

à l'unanimité des voix.

Première résolution

L'Assemblée Générale décide de changer le nom de la société en «INTERNET SAILS S.A.» et en conséquence de

modifier l'article 1

des Statuts pour lui donner la teneur suivante:

« Art. 1

. Il existe une société anonyme régie par le droit luxembourgeois (ci-après dénommée la «Société»).

La Société adopte la dénomination «INTERNET SAILS S.A.».»

Deuxième résolution

L'Assemblée Générale décide de modifier et reformuler la clause définissant l'objet de la Société de sorte que l'article

4 des Statuts sera désormais libellé comme suit:

« Art. 4. L'objet social de la société sera celui du commerce en général et plus particulièrement l'exploitation d'un site

internet de ventes.

La société pourra également prendre des participations directement ou indirectement dans toutes sociétés exerçant

des activités similaires ou complémentaires.

La société peut ouvrir des succursales à l'intérieur et à l'extérieur du pays.
La société peut réaliser toutes opérations commerciales, techniques ou financières en relation directe ou indirecte

avec tous les secteurs prédécrits, de manière à en faciliter l'accomplissement.»

Troisième résolution

L'assemblée générale décide de changer les actions au porteur en actions nominatives.

52708

U X E M B O U R G

Quatrième résolution

L'Assemblée générale accepte la démission de l'administrateur Madame Isabelle PETRICIC-WELSCHEN et lui donne

pleine et entière décharge pour l'exécution de son mandat jusqu'à ce jour.

L'Assemblée générale renouvelle les mandats des administrateurs actuel, à savoir: Monsieur Lex THIELEN et Madame

Caroline VAN KASTEREN, jusqu'à l'assemblée générale annuelle de 2016.

Madame Caroline VAN KASTEREN est également nommée en tant qu'administrateur-délégué de la société jusqu'à

l'assemblée générale annuelle de 2016.

La société est valablement engagée par la signature de deux administrateurs dont celle de l'administrateur-délégué.

Cinquième résolution

L'Assemblée générale nomme administrateurs jusqu'à l'assemblée générale annuelle de 2016:
a) Madame Manette ERNST-SCHUMANN, administrateur de sociétés, née à Luxembourg, le 20 avril 1950, demeurant

17, rue Blochhausen, L-1243 Luxembourg;

b) Monsieur Jean-Luc MINES, administrateur de sociétés, né à Luxembourg, le 20 septembre 1959, demeurant 72,

route d'Arlon, L-1150 Luxembourg.

Plus rien ne figurant à l'ordre du jour, l'assemblée a été clôturée à 17.30 heures.

Evaluation

Les frais, dépenses, rémunérations et charges, sous quelque forme que ce soit, qui incombent à la société en raison

du présent acte sont évalués à environ 900,- EUR.

Le notaire soussigné qui comprend et parle la langue anglaise, déclare par la présente qu'à la demande des comparants

ci-avant, le présent acte est rédigé en langue anglaise, suivi d'une version française, et qu'à la demande des mêmes com-
parants, en cas de divergences entre le texte anglais et le texte français, la version anglaise primera.

DONT ACTE, fait et passé à Luxembourg, date qu'en tête des présentes.
Lecture du présent acte faite et interprétation donnée aux comparants à Luxembourg, tous connus du notaire ins-

trumentant par leurs nom, prénom usuel, état et demeure, ils ont signé avec Nous, notaire, le présent acte.

Signé: P. WEILER, N. GLOESENER, L. THIELEN, P. DECKER.
Enregistré à Luxembourg A.C., le 21 février 2011. Relation: LAC/2011/8591. Reçu 75,- € (soixante-quinze Euros).

Le Receveur (signé): Francis SANDT.

POUR EXPEDITION CONFORME, délivrée au Registre de Commerce et des Sociétés à Luxembourg.

Luxembourg, le 23 février 2011.

Référence de publication: 2011028295/161.
(110034144) Déposé au registre de commerce et des sociétés de Luxembourg, le 25 février 2011.

Build & Management S.àr.l., Société à responsabilité limitée.

Siège social: L-8279 Holzem, 26, route de Capellen.

R.C.S. Luxembourg B 125.322.

Les comptes annuels au 31 décembre 2010 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour BUILD & MANAGEMENT SARL
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050746/12.
(110056352) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Callista S.àr.l., Société à responsabilité limitée.

Siège social: L-6930 Mensdorf, 16A, rue d'Ubersyren.

R.C.S. Luxembourg B 146.037.

52709

U X E M B O U R G

Pour CALLISTA S.à r.l.
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050748/12.
(110056355) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Centre de Pédiatrie Location s.à r.l., Société à responsabilité limitée.

Siège social: L-1635 Luxembourg, 4, allée Léopold Goebel.

R.C.S. Luxembourg B 143.198.

Les comptes annuels au 31 décembre 2009 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour CENTRE DE PEDIATRIE LOCATION SARL
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050750/12.
(110056357) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Confelux S.A., Société Anonyme.

R.C.S. Luxembourg B 99.578.

CLÔTURE DE LIQUIDATION

Extrait

Par jugement rendu en date du 7 avril 2011, le Tribunal d'arrondissement de et à Luxembourg, sixième chambre,

siégeant en matière commerciale, après avoir entendu le juge-commissaire en son rapport oral, le liquidateur et le Mi-
nistère Public en leurs conclusions, déclare closes pour absence d'actif les opérations de liquidation de la société
CONFELUX SA.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour extrait conforme
Me Cécilia COUSQUER
Le liquidateur

Référence de publication: 2011050751/16.
(110056680) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Corex S.A., Société Anonyme.

Siège social: L-1510 Luxembourg, 10, avenue de la Faïencerie.

R.C.S. Luxembourg B 17.731.

LIQUIDATION JUDICIAIRE

Par jugement rendu en date du 31 mars 2011, le Tribunal d'Arrondissement de et à Luxembourg, siégeant en matière

commerciale, a ordonné en vertu de l'article 203 de la loi du 10 août 1915 concernant les sociétés commerciales, la
dissolution et la liquidation des sociétés suivantes:

- la société anonyme COREX SA, (RCS B 17731), ayant son le siège social à L-1510 Luxembourg, 10, avenue de la

Faïencerie, de fait inconnue à cette adresse.

Le même jugement a nommé juge-commissaire Monsieur Thierry SCHILTZ, juge et liquidateur Maître Stéphanie STA-

ROWICZ, avocat, demeurant à Luxembourg.

Ils ordonnent aux créanciers de faire leur déclaration de créances avant le 21 avril 2011 au greffe de la sixième chambre

de ce Tribunal.

Me Stéphanie STAROWICZ
Le liquidateur

Référence de publication: 2011050752/19.
(110056496) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

52710

U X E M B O U R G

Delta 2 (Lux) Sàrl, Société à responsabilité limitée.

Capital social: USD 46.500,00.

Siège social: L-2163 Luxembourg, 20, avenue Monterey.

R.C.S. Luxembourg B 122.129.

Les comptes annuels arrêtés au 31 décembre 2009 ont été déposés au registre de commerce et des sociétés de

Luxembourg.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 7 avril 2011.

Signature
Un mandataire

Référence de publication: 2011050753/14.
(110056313) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Delta 2 (Lux) Sàrl, Société à responsabilité limitée.

Capital social: USD 46.500,00.

Siège social: L-2163 Luxembourg, 20, avenue Monterey.

R.C.S. Luxembourg B 122.129.

Les comptes annuels arrêtés au 31 décembre 2010 ont été déposés au registre de commerce et des sociétés de

Luxembourg.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 7 avril 2011.

Signature
Un mandataire

Référence de publication: 2011050754/14.
(110056314) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Delta 2 (Lux) Sàrl, Société à responsabilité limitée.

Capital social: USD 46.500,00.

Siège social: L-2163 Luxembourg, 20, avenue Monterey.

R.C.S. Luxembourg B 122.129.

Les comptes consolidés arrêtés au 31 décembre 2009 ont été déposés au registre de commerce et des sociétés de

Luxembourg.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 7 avril 2011.

Signature
Un mandataire

Référence de publication: 2011050755/14.
(110056315) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Delta 2 (Lux) Sàrl, Société à responsabilité limitée.

Capital social: USD 46.500,00.

Siège social: L-2163 Luxembourg, 20, avenue Monterey.

R.C.S. Luxembourg B 122.129.

Les comptes consolidés arrêtés au 31 décembre 2010 ont été déposés au registre de commerce et des sociétés de

Luxembourg.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

52711

U X E M B O U R G

Luxembourg, le 7 avril 2011.

Signature
Un mandataire

Référence de publication: 2011050756/14.
(110056317) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

DEXIA Insurance Services Finance, Société Anonyme.

Siège social: L-1253 Luxembourg, 2, rue Nicolas Bové.

R.C.S. Luxembourg B 37.631.

Rectificatif du document déposé en date du 04/04/2011 réf. L110052485.04

Les comptes annuels au 31/12/2010 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour la Société
Rudy PARIDAENS
Administrateur

Référence de publication: 2011050757/13.
(110056398) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Elektriker Faust s.à r.l., Société à responsabilité limitée.

Siège social: L-9350 Bastendorf, 2B, Bleesgaass.

R.C.S. Luxembourg B 144.299.

Pour Elektriker Faust s.à r.l.
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050759/12.
(110056366) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Electro-Concept S.à r.l., Société à responsabilité limitée.

Siège social: L-4940 Bascharage, 155B, avenue de Luxembourg.

R.C.S. Luxembourg B 149.108.

Pour ELECTRO-CONCEPT S.àr.l.
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050760/12.
(110056363) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Elkin Holding S.A., SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2320 Luxembourg, 21, boulevard de la Pétrusse.

R.C.S. Luxembourg B 94.816.

Les comptes annuels au 31 décembre 2005 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

ELKIN HOLDING S.A., SPF
Société Anonyme
Signature

Référence de publication: 2011050761/12.
(110056389) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

52712

U X E M B O U R G

Elux S.à r.l., Société à responsabilité limitée.

Siège social: L-8371 Hobscheid, 24, rue de Steinfort.

R.C.S. Luxembourg B 138.108.

Pour ELUX S.à r.l.
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050762/12.
(110056373) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Entreprise de Construction François et Jean Agnes Sàrl, Société à responsabilité limitée.

Siège social: L-9080 Ettelbruck, 2, Impasse avenue Salentiny.

R.C.S. Luxembourg B 94.238.

Pour ENTREPRISE DE CONSTRUCTION FRANCOIS ET JEAN AGNES SARL
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050763/12.
(110056376) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

ERP 4 HIRE S.A., Société Anonyme.

R.C.S. Luxembourg B 90.220.

CLÔTURE DE LIQUIDATION

Extrait

Par jugement rendu en date du 7 avril 2011, le Tribunal d'arrondissement de et à Luxembourg, sixième chambre,

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour extrait conforme
Me Cécilia COUSQUER
Le liquidateur

Référence de publication: 2011050764/16.
(110056682) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Espace Lavandier, Société à responsabilité limitée.

Siège social: L-4280 Esch-sur-Alzette, 30-32, boulevard du Prince Henri.

R.C.S. Luxembourg B 57.474.

Les comptes annuels au 31 décembre 2008 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour ESPACE LAVANDIER
Société à responsabilité limitée
FIDUCIAIRE DES PME SA
Signatures

Référence de publication: 2011050765/13.
(110056379) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

52713

U X E M B O U R G

Euraparfinance Holding S.A., Société Anonyme.

R.C.S. Luxembourg B 20.001.

CLÔTURE DE LIQUIDATION

Extrait

Par jugement rendu en date du 7 avril 2011, le Tribunal d'arrondissement de et à Luxembourg, sixième chambre,

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour extrait conforme
Me Cécilia COUSQUER
Le liquidateur

Référence de publication: 2011050766/16.
(110056684) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2011.

Richemont Finance S.A., Société Anonyme Holding.

Siège social: L-1724 Luxembourg, 35, boulevard du Prince Henri.

R.C.S. Luxembourg B 51.413.

In the year two thousand and ten, on the fourteenth day of the month of December.
Before Maître Henri Hellinckx, notary residing in Luxembourg, Grand Duchy of Luxembourg,

There appeared,

by virtue of a proxy dated 8 December, 2010 (to remain attached to the present deed), M

Valérie Kopéra, Maître

en droit, residing in Luxembourg, on behalf of Richemont Luxury Group Ltd, a company incorporated under the laws of
Jersey, having its registered office at 27 Hill Street, St. Helier, Jersey JE2 4UA, Jersey, registered with the Jersey Registrar
of Companies under number 101789, being the sole shareholder of Richemont Finance S.A., having its registered office
at 35, boulevard Prince Henri, L-1724 Luxembourg, registered with the Registre de Commerce et des Sociétés in Lu-
xembourg under number B 51.413, incorporated by deed of Me Marc Elter, then notary residing in Luxembourg, on 30
May 1995, published in the Mémorial C, Recueil, des Sociétés et Associations (the "Mémorial"), number 447 of 11 Sep-
tember 1995 (the "Company").

The articles of association of the Company (the "Articles") have been amended several times and for the last time on

31 March 2000 by deed of Me Joseph Elvinger, notary residing in Luxembourg, published in the Mémorial, number 523of
21 July 2000.

The appearing person declared and requested the notary to record that:
I. The sole shareholder holds ail the three hundred thousand (300¡000) shares in issue in the Company, so that decisions

can validly be taken on all items of the agenda.

II. The items on which resolutions are to be passed are as follows:
1. Transfer of the registered office and central administration of the Company from Luxembourg to Jersey (the

"Transfer") and the consequential change of nationality of the Company, the Transfer and the change of nationality of the
Company becoming effective upon the date of the registration of the Company in Jersey with the Registry of Companies
in Jersey (the "Effective Date"), and to acknowledge that as a consequence thereof, the Company shall be subject to the
laws of Jersey and shall from the Effective Date and upon the issuance of a certificate of continuance by the Jersey Financial
Services Commission become a body corporate governed by and subject to the laws of Jersey without the legal existence
or personality of the Company being in any manner affected,

2. Upon the Effective Date the memorandum of association and the articles of association of the Company will be

adopted as follows

MEMORANDUM OF ASSOCIATION
of
RICHEMONT FINANCE LIMITED
No Par Value Company (limited liability)
1. The name of the company is Richemont Finance Limited.
2. The company shall have all the powers of a natural person and its capacity shall be unlimited.
3. The company is a private company.
4. The company is a no par value company.

52714

U X E M B O U R G

5. There is no limit on the number of shares of any class which the company is authorised to issue.
6. The liability of each member of the company arising from his shareholding is limited to the amount (if any) unpaid

on it.

ARTICLES OF ASSOCIATION

of
RICHEMONT FINANCE LIMITED
No Par Value Company (limited liability)

Contents

1. Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Rights attaching to classes of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Share certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Lien . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. Calls on shares and forfeiture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Transfer of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Transmission of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. Consolidation of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10. General meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11. Notice of general meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12. Proceedings at general meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13. Votes of holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
14. Corporations acting by representatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
15. Resolutions in writing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
16. Number of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
17. Alternate directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
18. Powers of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
19. Delegation of directors' powers' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
20. Appointment of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
21. Disqualification and removal of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
22. Remuneration of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
23. Directors' expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
24. Direciors' appointments and interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
25. Direciors' gratuities and pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
26. Proceedings of directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
27. Secretary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
28. Minutes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
29. The seal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
30. Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
31. Accounts and audit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
32. Capitalisation of profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
33. Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
34. Winding up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
35. Indemnity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

1. Interpretation.
1.1 in these articles:

"articles"

means the articles of association of the company:

"clear days"

in relation to the period of a notice shall mean that period excluding the day when the notice
is given or deemed to be given and the day for which it is given or on which it is to take effect;

"company"

means the company incorporated under the Law respect of which these articles have been
registered;

"director"

means any director of the company appointed in accordance with these articles;

"dividend"

means every description of dividend of distribution of the company's assets made in
accordance with the Law to its members as members, whether in cash or otherwise.

"executed"

includes any mode of execution;

52715

U X E M B O U R G

"holder"

in relation to shares means the member whose name is entered in the register of members
of the company as the holder of the shares;

"office"

means the registered office of the company;

"ordinary resolution"

means a resolution of the company in general meeting adopted by a simple majority of the
votes cast at that meeting or in writing in accordance with the articles;

"seal"

means the common or official seal of the company;

"secretary"

means the secretary of the company or any other person appointed to perform the duties
of the secretary of the company, including a joint, assistant or deputy secretary;

"share"

means a share in the capital of the company; and

the "Law"

means the Companies (Jersey) Law 1991, as amended, including any statutory modification
or re-enactment thereof for the time being in force.

1.2 Unless the context otherwise requires, words or expressions contained in these articles bear the same meaning

as in the Law but excluding any statutory modification thereof not in force when these articles become binding on the
company. The standard table prescribed pursuant to the Law shall not apply to the company and is expressly excluded
in its entirety.

2. Share capital.
2.1 Subject to the provisions of the Law:
2.1.1 without prejudice to any rights attached to any issued shares, any share may be issued with such rights or

restrictions as the company may by special resolution determine and the company may issue fractions of shares and any
such share shall rank pari passu in all respects with the other shares of the same class issued by the company;

2.1.2 the company may:
2.1.2.1 issue, or
2.1.2.2 convert any existing non-redeemable shares, whether issued ... into,
shares which are to be redeemed, or are liable to be redeemed at the option the company or the shareholder, on

such terms and in such manner as may be determined by special resolution; and

2.1.3 unissued shares shall be at the disposal of the directors who may ... grant options over or otherwise dispose of

them to such persons and on such terms as the directors think fit.

2.2 The company may exercise the powers of paying commissions ... by the Law. Subject to the provisions of the Law,

any such commission may be satisfied by the payment of cash or by the allotment of fully or partly paid shares or partly
in one way and partly in the other.

2.3. Except as required by law, no person shall be recognised by the company as holding any share upon any trust and

(except as otherwise provided by the articles or by law) the company shall not be bound by or recognise any interest in
any share except an absolute right to the entirety thereof in the holder.

3. Rights attaching to classes of shares.
3.1 Where the capital of the company is divided into different classes of shares, the special rights attached to any class

may (unless otherwise provided by terms of issue of the shares of that class) be varied with the consent in writing of the
holders of a majority in number of the issued shares of that class or with the sanction of art ordinary resolution passed
at a separate meeting of the holders of the issued shares of that class.

3.2 The provisions of these articles relating to general meetings or to the proceedings at such general meetings, shall

apply, mutatis mutandis, to each separate meeting held pursuant to article 3.1 above, save that the quorum shall be persons
holding or representing by proxy not less than one-third in number of the issued shares of that class but provided that
if at any adjourned meeting of such holders a quorum as above is not present those holders who are present shall be a
quorum.

3.3 The special, rights conferred upon holders of any shares or class of shares issued with preferred, deferred or other

special rights shall (unless otherwise expressly provided by the terms of issue of such shares) be deemed not to be varied
by the creation or issue of further shares or further classes of shares ranking pari passu with or behind such shares.

3.4 The company may, by altering its Memorandum of Association by special resolution, alter its share capital by any

manner permitted by Law.

4. Share certificates.
4.1 Every holder, upon becoming the holder of any shares, shall be entitled without payment to one certificate for all

the shares of each class held by him (and, upon transferring a part of his holding of shares of any class, to a certificate for
the balance of such holding) or several certificates each for one or more of his shares upon payment for every certificate
after the first of such reasonable sum as the directors may determine. Every certificate shall be sealed with the seal, or
signed either by two directors or by one director and the secretary. Every certificate shall specify the number, class and
distinguishing numbers (if any) of the shares to which it relates and the amount or respective amounts paid up thereon.
The company shall not be bound to issue more than one certificate for shares held jointly by several persons and delivery
of a certificate to one joint holder shall be a sufficient delivery to all of them.

52716

U X E M B O U R G

4.2 If a share certificate is defaced, worn out, lost or destroyed, it may be renewed on such terms (if any) as to evidence

and indemnity and payment of the expenses reasonably incurred by the company in investigating evidence as the directors
may determine but otherwise free of charge, and (in the ... defacement or wearing out) on delivery up of the old certificate.

5. Lien.
5.1 The company shall have a first and paramount lien on every sha... being a fully paid share) for all moneys (whether

presently payable or not) payable at a fixed time or called in respect of that share. The directors may at any time declare
any share to be wholly or in part exempt from the provisions of this article. The company's Men on a share shall extend
to any amount payable in respect of it.

5.2 The company may sell, in such manner as the directors determine, any shares on which the company has a lien, if

a sum in respect of which the lien exists is. presently payable and is not paid within 14 clear days after notice has been
given to the holder of the share or to the person entitled to it in consequence of the death or bankruptcy of the holder,
demanding payment and stating that if the notice is not complied with the shares may be sold.

5.3 To give effect to a sale of the shares pursuant to article 5.2, the directors may authorise some person to execute

an instrument of transfer of the shares. The title of the transferee to the shares shall not be affected by an irregularity in
or invalidity of the proceedings in reference to the sale.

5.4 The net proceeds of the sale, after payment of the costs, shall be applied in payment of so much of the sum for

which the lien exists as is presently payable, and any residue shall (upon surrender to the company for cancellation of the
certificate for the shares sold and subject to a like lien for any moneys not presently payable as existed upon the shares
before the sale) be paid to the person entitled to the shares at the date of the sale.

6. Calls on shares and Forfeiture.
6.1 Subject to the terms of allotment, the directors may make calls upon the holders in respect of any moneys unpaid

on their shares and each holder shall (subject to receiving at least 14 clear days' notice specifying when and where payment
is to be made) pay to the company as required by the notice the amount called on his shares. A call may be required to
be paid by instalments. A call may, before receipt by the company of any sum due thereunder, be revoked in whole or
part and payment of a call may be postponed in whole, or part. A person upon whom a call is made shall remain liable
for calls made upon him notwithstanding the subsequent transfer of the shares in respect whereof the call was made.

6.2 A call shall be deemed to have been made at the time when the resolution of the directors authorising the call was

passed.

6.3 The joint holders of a share shall be jointly and severally liable to pay all calls in respect thereof.
6.4 If a call remains unpaid after it has become due and payable, the person from whom it is due and payable shall pay

interest on the amount unpaid from the day it became due and payable until it is paid at the rate fixed by the terms of
allotment of the share, or in the notice of the call, or at such rate not exceeding ten per cent per annum as the directors
may determine, but the directors may waive payment of the interest wholly or in part.

6.5 An amount payable in respect of a share on allotment or at any fixed date, or as an instalment of a call, shall be

deemed to be a call and, if it is not paid, the provisions of the articles shall apply as if that amount had become due and
payable by virtue of a call. The company may accept from a holder the whole or a part of the amount remaining unpaid
on shares held by him, although no part of that amount has been called up.

6.6 Subject to the terms of allotment, the directors may make arrangements on the issue of shares for a difference

between the holders in the amounts and times of payment of calls on their shares.

6.7 If a call remains unpaid after it has become due and payable, the directors may give to the person from whom it is

due not less than 14 clear days' ... be requiring payment of the amount unpaid together with any interest which may
accrued. The notice shall name the place where payment is to be made and ... state that if the notice is not complied with,
the shares in respect of which the ... was made will be liable to be forfeited.

6.8 If the notice referred to in article 6.7 is not complied with, any share in respect of which it was given may, before

the payment required by the notice has made, be forfeited by a resolution of the directors and the forfeiture shall include
all dividends or other moneys payable in respect of the forfeited shares and not paid before the forfeiture.

6.9. Subject to the provisions of the Law, a forfeited share may be sold, re-... or otherwise disposed of on such terms

and in such manner as the directors determine, either to the person who was before the forfeiture the holder or to any
other person and at any time before sale, re-allotment or other disposition, the forfeiture may be cancelled on such terms
as the directors think fit Where for the purposes of its disposal a forfeited share is to be transferred to any person, the
directors may authorise some person to execute an instrument of transfer of the share to that person.

6.10 A person, any of whose shares have been forfeited, shall cease to be a holder in respect of them and shall deliver

to the company for cancellation the certificate for the shares forfeited, but shall remain liable to the company for all
moneys which at the date of forfeiture were presently payable by him to the company in respect of those shares with
interest at the rate at which, interest was payable on those moneys before the forfeiture, or at such rate not exceeding
ten per cent per annum as the directors may determine, from the date of forfeiture until payment, but the directors may
waive payment wholly or in part or enforce payment without any allowance for the value of the shares at the time of
forfeiture or for any consideration received on their disposal.

52717

U X E M B O U R G

6.11 A declaration under oath by a director or the secretary that a share has been forfeited on a specified date shall

be conclusive evidence of the facts stated in it as against all persons claiming to be entitled to the share, and the declaration
shall (subject to the execution of an instrument of transfer if necessary) constitute a good title to the share, and the
person to whom the share is disposed of shall not be bound to see to the application of the consideration, if any, nor
shall his title to the share be affected by any irregularity in or invalidity of the proceedings in reference to the forfeiture
or disposal of the share.

7. Transfer of shares.
7.1 The instrument of transfer of a share may be in any usual form or in any other form which the directors may

approve and shall be executed by or on behalf of the transferor and, unless the shares are fully paid, by or on behalf of
the transferee.

7.2 The directors may refuse to register the transfer of a share which is not fully paid to a person of whom they do

not approve and they may refuse to register the transfer of a share on which the company has a lien. They may also refuse
to register a transfer unless the instrument of transfer:

7.2.1 is lodged at the office or at such other place as the directors may appoint and is accompanied by the certificate

for the shares to which it relates and such other evidence as the directors may reasonably require to show the right of
the transferor to make the transfer;

7.2.2 is in respect of only one class of shares; and
7.2.3 is in favour of not more than four transferees.
7.3 If the directors refuse to register a transfer of a share, they shall within two months after the date on which the

instrument of transfer was lodged with the company send to the transferor and the transferee notice of the refusal.

7.4 The registration of transfers of shares or of transfers of any ... shares may be suspended at such times and for such

periods (not exce... 30 clear days in any year) as the directors may determine.

7.5 No fee shall be charged for the registration of any instrument ... transfer or other document relating to or affecting

the title to any share.

7.6 The company shall be entitled to retain any instrument of transfer which is registered, but any instrument of transfer

which the directors refuse to register shall be returned to the person lodging it when notice of the refusal is given.

7.7 Notwithstanding anything contained in these articles, the directors shall not decline to register any transfer of

shares where such transfer is executed pursuant to, or for the purpose of enforcing, any security which has been granted
over such shares and a certificate by the party to whom such security has been granted that the transfer was so executed
shall be conclusive evidence of such fact.

8. Transmission of shares.
8.1 If a holder dies, the survivor or survivors where he was a joint holder, and his personal representatives where he

was a sole holder or the only survivor of joint holders, shall be the only persons recognised by the company as having
any title to his interest; but nothing herein contained shall release the estate of a deceased holder from any liability in
respect of any share which had been jointly held by him.

8.2 A person becoming entitled to a share in consequence of the death, incapacity or bankruptcy of a holder or

otherwise, by operation of law may, upon such evidence being produced as the directors may properly require, elect
either to become the holder of the share or to have some person nominated by him registered as the transferee. If he
elects to become the holder, he shall give notice to the company to that effect. If he elects to have another person
registered, he shall execute an instrument of transfer of the share to that person. All the articles relating to the transfer
of shares shall apply to the notice or instrument of transfer as if it were an instrument of transfer executed by the holder
and the death, incapacity or bankruptcy of the holder had not occurred.

8.3 A person becoming entitled to a share in consequence of the death, incapacity or bankruptcy of a holder or

otherwise by operation of law shall have the rights to which he would be entitled if he were the holder of the share,
except that he shall not, before being registered as the holder of the share, be entitled in respect of it to be entitled to
be sent any notice given pursuant to these articles (unless specifically provided for) or attend or vote at any meeting of
the company or at any separate meeting of the holders of any class of shares in the company.

9. Consolidation of shares. Whenever as a result of a consolidation of shares any holders would become entitled to

fractions of a share, the directors may, on behalf of those holders, sell the shares representing the fractions for the best
price reasonably obtainable to any person (including, subject to the provisions of the Law, the company) and distribute
the net proceeds of sale in due proportion among those holders, and the directors may authorise some person to execute
an instrument of transfer of the shares to, or in accordance with: the directions of, the purchaser. The transferee shall
not be bound to see to the application of the purchase money nor shall his title to the shares be affected by any irregularity
in or invalidity of the proceedings in reference to the sale.

10. General meetings.
10.1 All general meetings other than annual general meetings shall be called extraordinary general meetings.

52718

U X E M B O U R G

10.2 The directors may call, general meetings and, on the requisition of holders pursuant to the provisions of the Law,

shall forthwith proceed to call a general meeting for a date not later than two months after the receipt of the... If there
are not sufficient directors to call a general meeting, any director ... holder may call such a meeting.

11. Notice of general meetings.
11.1 All general meetings, unless otherwise required by the Law, shall be ...ed by at least 14 clear days' notice. A general

meeting may be called by shorter notice if it is so agreed:

11.1.1 in the case of an annual general meeting, by all the holders entitled to and vote thereat; and
11.1.2 in the case of any other meeting, by a majority in number of the holders having a right to attend and vote at

the meeting, being s majority together ... not less than 95% of the total voting rights of the holders who have that right.

11.2 The notice shall specify the day, time and place of the meeting and the general nature of the business to be

transacted and, in the case of an annual general meeting, shall specify the meeting as such.

11.3 Subject to the provisions of the articles and to any restrictions imposed on any shares, the notice shall be given

to all the holders, to all persons entitled to a share in consequence of the death, incapacity or bankruptcy of a holder and
to the directors and auditors, if any.

11.4 The accidental omission to give notice of a meeting to, or the non-receipt of notice of a meeting by, any person

entitled to receive notice shall not invalidate the proceedings at the meeting.

12. Proceedings at general meetings.
12.1 No business shall be transacted at any meeting unless a quorum is present. The quorum shall be:
12.1.1 if all the issued shares are held by the same holder, one person being such holder present in person or by proxy;

and

12.1.2 otherwise, two persons entitled to voie upon the business to be transacted, each being a holder present in

person or by proxy.

12.2 If such a quorum is not present within half an hour from the time appointed for the meeting, or if during a meeting

such a quorum ceases to be present, the meeting shall stand adjourned to the same day in the next week at the same
time and place or such day, time and place as the directors may determine. If at such adjourned meeting a quorum is not
present within five minutes from the time appointed for the holding of the meeting, those holders present in person or
by proxy shall be a quorum.

12.3 The chairman, if any, of the board of directors, or in his absence some other director nominated by the directors,

shall preside as chairman of the meeting, but if neither the chairman nor such other director (if any) is present within 15
minutes after the time appointed for holding the meeting and willing to act, the directors present shall elect one of their
number to be chairman and, if there is only one director present and willing to act, he shall be chairman.

12.4 If no director is willing to act as chairman, or if no director is present within 15 minutes after the time appointed

for holding the meeting, those holders present and entitled to be counted in a quorum shall choose one of their number
to be chairman.

12.5 A director shall, notwithstanding that he is not a member, be entitled to attend and speak at any general meeting

and at any separate meeting of the holders of any class of shares.

12.6 The chairman may, with the consent of a general meeting at which a quorum is present (and shall if so directed

by the meeting), adjourn the general meeting from time to time and from place to place, but no business shall be transacted
at an adjourned meeting other than business which might properly have been transacted at the meeting had the adjourn-
ment not taken place. When a meeting is adjourned for 14 clear days or more, at least 7 clear days' notice shall be given
specifying the day, time and place of the adjourned meeting and the ... nature of the business to be transacted. Otherwise
it shall not be necessary ... any such notice.

12.7 A resolution put to the vote of a meeting shall be decided on a show of hands unless before, or on the declaration

of the result of, the show of hands a poll is duly demanded. Subject to the provisions of the Law, a poll may be demanded:

12.7.1 by the chairman; or
12.7.2 by at least two holders having the right to vote on the resolution; or
12.7.3 by a holder or holders representing not less than one-tenth of the total voting rights of all the holders having

the right to vote on the resolution; or

12.7.4 by a holder or holders holding shares conferring a right to vote on the resolution being shares on which an

aggregate sum has been paid up equal to not less than one-tenth of the total sum paid up on all the shares conferring,
that right,

and a demand by a person as proxy for a holder shall be the same as a demand by the holder.
12.8 Unless a poll is duly demanded, a declaration by the chairman that a resolution has been carried or carried

unanimously, or by a particular majority, or lost, or not carried by a particular majority and an entry to that effect in the
minutes of the meeting shall be conclusive evidence of the fact without proof of the number or proportion of the votes
recorded in favour of or against the resolution.

52719

U X E M B O U R G

12.9 The demand for a poll may, before the poll is taken, be withdrawn but only with the consent of the chairman and

a demand so withdrawn shall not be taken to have invalidated the result of a show of hands declared before the demand
was made.

12.10 A poll shall be taken as the chairman directs and he may appoint scrutineers (who need not be holders) and fix

a day, time and place for declaring the result of the poll. The result of the poll shall be deemed to be the resolution of
the meeting at which the poll was demanded.

12.11. in the case of an equality of votes, whether on a show of hands or on a poll, the chairman shall be entitled to

a casting vote in addition to any other vote he may have.

12.12 A poll demanded on the election of a chairman or on a question of adjournment shall be taken forthwith. A poll

demanded on any other question, shall be taken either forthwith or at such day, time and place as the chairman directs
not being more than 30 clear days after the poll is demanded. The demand for a poll shall not prevent the continuance
of a meeting for the transaction of any business other than the question on which the poll was demanded. If a poll is
demanded before the declaration of the result of a show of hands and the demand is duly withdrawn before the poll is
taken, the meeting shall continue as if the demand had not been made,

12.13 No notice need be given of a poll not taken forthwith if the day, time and place at which it is to be taken are

announced at the meeting at which it is demanded. In any other case, at least 7 clear days' notice shall be given specifying
the day, time and place at which the poll is to be taken.

13. Votes of holders.
13.1 Subject to any rights or restrictions attached to any shares, on a show of hands every holder who is present in

person shall have one vote and on a poll every holder present in person or by proxy shall have one vote for every share
of which he is the holder.

13.2 In the case of joint holders, the vote of the senior who tenders a vote, whether in person or by proxy, shall be

accepted to the exclusion of the votes of the other joint holders, and seniority shall be determined by the order in which
the names of the holders stand in the register of members.

13.3 A. holder in respect of whom an order has been made by any court having jurisdiction (whether in Jersey or

elsewhere) in matters concerning mental ... may vote, whether on a show of hands or on a poll, by his receiver, curator
other person authorised in that behalf appointed by that court, and any such ..., curator or other person may, on a poll,
vote by proxy. Evidence to the satisfaction of the directors of the authority of the person claiming to exercise the ... to
vote shall be deposited at the office, or at. such other place within Jersey as is specified in accordance with the articles
for the deposit of instruments of proxy before the time appointed for holding the meeting or adjourned meeting at which
the right to vote is to be exercised and in default the right to vote shall not be ...

13.4 No holder shall vote at any general meeting or at any separate meeting of the holders of any class of shares, either

in person or by proxy, in respect of any share held by him unless all moneys presently payable by him in respect of that
share have been paid.

13.5 No objection shall be raised to the qualification of any voter except at the meeting or adjourned meeting at which

the vote objected to is tendered, and every vote not disallowed at the meeting shall be valid. Any objection made in due
time shall be referred to the chairman whose decision shall be final and conclusive.

13.6 On a poll votes may be given either personally or by proxy. A holder may appoint more than one proxy to attend

on the same occasion.

13.7 An instrument appointing a proxy shall be in writing in the usual form, or as approved by the directors, and shall

be executed by or on behalf of the appointor.

13.8 The instrument appointing a proxy and the power of attorney or other authority (if any) under which it is signed,

or a copy of that power of attorney or other authority certified as a true copy to the satisfaction of the secretary, shall
be deposited at the office or such other place as is specified in the notice convening the meeting or any instrument of
proxy sent out by the company within such time (not exceeding 48 hours) before the time for holding the meeting, or
adjourned meeting, or for the taking of a poll at which the persons named in the instrument propose to vote as the
directors may from time to time determine, and an instrument of proxy which is not deposited or delivered in a manner
so permitted shall be invalid.

13.9 A vote given or poll demanded by proxy or by the duly authorised representative of a body corporate shall be

valid notwithstanding the previous determination of the authority of the person voting or demanding a poll, unless notice
of the determination was received by the company at the office or at such other place at which the instrument of proxy
was duly deposited (at least 48 hours) before the commencement of the meeting or adjourned meeting at which the vote
is given or the poll demanded, or (in the case of a poll taken otherwise than on the same day as the meeting or adjourned
meeting) the time appointed for taking the poll.

14. Corporations acting by representatives.
14.1 Any corporation which is a holder may, by resolution of its directors or other governing body, authorise such

52720

U X E M B O U R G

that corporation could exercise if it were a natural person who is a holder. A corporation present at any meeting by such
representative shall be deemed for the purposes of these articles to be present in person.

14.2 Where a person is authorised to represent a body corporate at a general meeting of the company, the directors

or the chairman of the meeting may require him to produce a certified copy of the resolution from which he derives his
authority.

15. Resolutions in writing. Anything that may be done in accordance with the provisions of the ... resolution in writing

signed by or on behalf of each holder is authorised by these articles without restriction. The directors may determine
the manner in ... resolutions shall be put to the holders pursuant to the terms of this article and, without prejudice to
the discretion of the directors, provision may be made in the form of a resolution in writing for each holder to indicate
how many of the votes which he would have been entitled to cast at a meeting to consider the resolution he wishes to
cast in favour of or against such resolution, or to be treated as abstentions, and the result of any such resolution in writing
need not be unanimous and shall be determined upon the same basis as on a poll.

16. Number of directors. The company may by ordinary resolution determine the maximum and minimum number of

directors and unless and until it is so determined (or save where the Law otherwise provides), the minimum number of
directors shall be two and the number of directors shall not be subject to any maximum.

17. Alternate directors.
17.1 Any director (other than an alternate director) may appoint any other director, or any other person, to be an

alternate director and may remove from office an alternate director so appointed by him. An alternate director shall be
entitled to attend, count in the quorum of and vote at any meeting of the directors and at all meetings of committees of
directors of which his appointor is a member at which the director appointing him is not personally present, and generally
to perform all the functions of his appointor as a director in his absence, but shall not be entitled to receive any remu-
neration from the company for his services as an alternate director. It shall not be necessary to give notice of such a
meeting to an alternate director.

17.2 An alternate director shall cease to be an alternate director if his appointor ceases to be a director, but, if a

director is reappointed, any appointment of an alternate director made by him which is in force immediately prior to his
reappointment shall continue after his reappointment.

17.3 Any appointment or removal of an alternate director shall be by notice to the company signed, by the director

making or revoking the appointment or in any other manner approved by the directors.

17:4 Save as otherwise provided in the articles, an alternate director shall be deemed for all purposes to be a director

and shall alone be responsible for his own acts and defaults and he shall not be deemed to be the agent of the director
appointing him.

18. Powers of directors.
18.1 Subject to the provisions of the Law, the memorandum and the articles and any directions given by special

resolution, the business of the company shall be managed by the directors who may exercise all the powers of the
company. No alteration of the memorandum or articles and no such direction shall invalidate any prior act of the directors
which would have been valid if that alteration had not been made or that direction had not been given. The powers given
by this article shall not be limited by any special power given to the directors by the articles and a meeting of directors
at which a quorum is present may exercise all powers exercisable by the directors.

18.2 The directors may, by power of attorney or otherwise, appoint any person to be the agent of the company for

such purposes and on such conditions as they determine, including authority for the agent to delegate all or any of his
powers A director who has been appointed to act as a sole director may exercise all the powers of the company.

19. Delegation of directors' powers.
19.1 The directors may delegate any of their powers to any committee consting of two or more directors and (if

thought fit) one or more other persons of a majority of the members of the committee shall be directors. No resolution
of committee shall be effective unless a majority of those present when it is passed are directors: The directors may also
delegate to any managing director or any director (whether holding any other executive office or not) such of their
powers as the consider desirable to be exercised by him. Any such delegation may be made subject to any conditions the
directors may impose, and either collaterally with or to ... exclusion of their own powers and may be revoked or altered.
Subject to any such conditions, the proceedings of a committee with two or more members shall be governed by the
articles regulating the proceedings of directors so far as they are capable of applying.

20. Appointment of directors.
20.1 The first directors of the company shall be appointed in writing by the subscribers of the memorandum or a

majority of them.

20.2 The company may by ordinary resolution appoint a person who is willing to act to be a director either to fill a

vacancy or as an additional director.

20.3 The directors may (without sanction of the company in general meeting) appoint a person who is willing to act

as a director, either to fill a vacancy or as an additional director.

52721

U X E M B O U R G

21. Disqualification and Removal of directors.
21.1. The office of a director shall be vacated if:
21.1.1 he ceases to be a director by virtue of any provision of the Law or he becomes prohibited by law from or

disqualified for being a director; or

21.1.2 he becomes bankrupt or makes any arrangement or composition with his creditors generally; or
21.1.3 he resigns his office by giving written notice to the company at the office (which notice shall be effective from

such date as may be specified in such notice or if no date is specified upon delivery to the office); or

21.1.4 the company so resolves by ordinary resolution.

22. Remuneration of directors. The directors shall be entitled to such remuneration as the company may by ordinary

resolution determine and, unless the resolution provides otherwise, the remuneration shall be deemed to accrue from
day to day.

23. Directors' expenses. The directors may be paid all travelling, hotel, and other expenses property incurred by them

in connection with their attendance at meetings of directors or committees of directors or general meetings or separate
meetings of the holders of any class of shares or of debentures of the company or otherwise in connection with the
discharge of their duties.

24. Directors' appointments and Interests.
24.1 Subject to the provisions of the Law, the directors may appoint one or more of their number to the office of

managing director or to any other executive office under the company and may enter into an agreement or arrangement
with any director for his employment by the company or for the provision by him of any services outside the scope of
the ordinary duties of a director. Any such appointment, agreement or arrangement may be made, upon such terms as
the directors determine and they may remunerate any such director for his services as they think fit. Any appointment
of a director to an executive office shall terminate if he ceases to be a director but without prejudice to any claim to
damages for breach of the contract of service between the director and the company.

24.2 Subject to the provisions of the Law, and provided that he has disclosed to the directors the nature and extent

of any material interests of his, a director notwithstanding his office:

24.2.1 may be a party to, or otherwise interested in, any transaction arrangement with the company or in which the

company is otherwise interested;

24.2.2 may be a director or other officer of, or employed by, or a party to any transaction or arrangement with, or

otherwise interested in, any body corporate promoted by the company or in which the company is otherwise interested;
and

24.2.3 shall not, by reason of his office, be accountable to the company for any benefit which he derives from any such

office or employment, or from any such transaction or arrangement, or from any interest in any such body corporate,
and no such transaction or arrangement shall be liable to be avoided on the ground of any such interest or benefit.

24.3 For the purposes of these articles:
24.3.1 a general notice given by or on behalf of a director to the directors (or the holders where appropriate) that

such director is to be regarded as having an interest of the nature and extent specified in the notice in any transaction
or arrangement in which a specified person or class of persons is interested shall be deemed to be a disclosure that the
director has an interest in any such transaction of the nature and extent so specified;

24.3.2 disclosure of a sole directors interest in any transaction or arrangement shall be made by written notice given

by or on behalf of that director to the secretary prior to any decision being made as to whether or not the company
should enter into the relevant transaction or arrangement; and

24.3.3 an interest of which a director has no knowledge and of which it is unreasonable to expect him to have knowledge

shall not be treated as an interest of his.

25. Directors' gratuities and Pensions. The directors may resolve that the company shall provide benefits, whether by

the payment of gratuities or pensions or by insurance or otherwise, for any director who has held but no longer holds
any executive office or employment with the company or with any body corporate which is or has been a subsidiary of
the company or a predecessor in business of the company or of any such subsidiary, and for any member of his family
(including a spouse and a former spouse) or any person who is or who was dependent on him, and may (as well before
as after he ceases to hold such office or employment) contribute to any fund and pay premiums for the purchase or
provision of any such benefit.

26. Proceedings of directors.
26.1 Subject to the provisions of the articles, the directors may regulate their proceedings as they think fit. A director

may, and the secretary at the request of a director shall, call a meeting of the directors. Questions arising at such a meeting
shall be decided by a majority of votes. In the case of an equality of votes, the chairman shall have a second or casting
vote. A director who is also an alternate director shall be entitled in the absence of his appointor to a separate vote on
behalf of his appointor in addition to his own vote.

52722

U X E M B O U R G

26.2 Where the company has more than one director, the quorum for the transaction of the business of the directors

may be fixed by the directors and unless so fixed at any other number shall be two. A person who holds office only as
an alternate director shall, if his appointor is not present, be counted in the quorum. If the company has a sole director,
the transaction of the business by the sole director shall be by way or resolution in writing signed by the sole director.

26.3 Any director enabled to participate in the proceedings of a meeting of the directors by means of a telecommu-

nication device (including a telephone) which allows all of the other directors present at such meeting to hear at all times
such director and such director to hear at all times all other directors present at such meeting (in each case whether in
person or by means of such type of communication device) shall be deemed to be present at such meeting and shall be
counted when calculating a quorum. Where all of the directors who participate in a meeting participate in the proceedings
of a meeting by means of a communications device (including a telephone), the Chairman may at his discretion determine
the geographic location at which the meeting is deemed to ... taken place.

26.4 Save where the company has a sole director, the directors may act notwithstanding any vacancies in their number

but, if the number of directors is less than the number fixed as the quorum, the continuing directors or director may act
on for the purpose of filling vacancies or of calling a general meeting to appoint

26.5 The directors may appoint one of their number to be the chairman of the board of directors and may at any time

remove him from that office. Unless ha is unwilling to do so, the director so appointed shall preside at every meeting of
directors at which he is present If there is no director holding that office, of if the director holding it is unwilling to preside
or is not present within five minutes after the time appointed for the meeting, the directors present may appoint one of
their number to be chairman of the meeting.

26.6 All acts done by a meeting of directors, or of a committee of directors, or by a person acting as a director or

alternate director shall, notwithstanding that it be afterwards discovered that there was a defect in the appointment of
any director or alternate director or that any of them were disqualified for holding office, or had vacated office, or were
not entitled to vote, be as valid as if every such person had been duly appointed and was qualified and had continued to
be a director or alternate director and had been entitled to vote.

26.7 A resolution in writing signed by all the directors entitled to receive notice of a meeting of directors or of a

committee of directors shall be valid and effectual as if it had been passed at a meeting of directors or (as the case may
be) a committee of directors duly convened and held, and may consist of several documents in the like form each signed
by one or more directors; but a resolution signed by an alternate director need not also be signed by his appointor and,
if it is signed by a director who has appointed an alternate director, it need not be signed by the alternate director in that
capacity.

26.8 Save as otherwise provided by the articles, a director shall not vote at a meeting of directors or of a committee

of directors on any resolution concerning a matter in which he has, directly or indirectly, an interest or duty which is
material and which conflicts or may conflict with the interests of the company unless he has disclosed the nature and
extent of his interests in accordance with the Law, in which case he shall be entitled to vote and be counted in the quorum
in respect of any such resolution.

26.9 Where proposals are under consideration concerning the appointment of two or more directors to offices or

employments with the company or any body corporate in which the company is interested, the proposals may be divided
and considered in relation to each director separately and (provided he is not for another reason precluded from voting)
each of the directors concerned shall be entitled to vote and be counted in the quorum in respect of each resolution
except that concerning his own appointment.

26.10 If a question arises at a meeting of directors or of a committee of directors as to the right of a director to vote,

the question may, before the conclusion of the meeting, be referred to the chairman of the meeting and his ruling in
relation to any director other than himself shall be final and conclusive.

27. Secretary. Subject to the provisions of the Law, the secretary shall be appointed by the directors for such term,

at such remuneration and upon such conditions as they may think fit; and any secretary so appointed may be removed
by them.

28. Minutes. The directors shall cause minutes to be made in books kept for the ... in accordance with the Law.

29. The seal.
29.1 The directors may at any time resolve that the company shall have or shall cease to have a common seal. The

seal shall only be used by the authority of the directors or of a committee of directors authorised by the directors. The
directors may determine who shall sign any instrument to which the seal is affixed and unless otherwise so determined
it shall be signed by two directors or by a director and the secretary. Subject to the provisions of the Law, the directors
may resolve to have or cease to have:

29.1.1 an official seal for use in any country territory or place outside of Jersey, which shall be a copy of the common

seal of the company. Any such official seal shall in addition bear either the name of the country, territory or place in which
it is to be used or the words "branch seal"; arid

29.1.2 an official seal for use only in connection with the sealing of securities issued by the company and such official

seal shall be a copy of the common seal of the company but shall in addition bear the words "securities".

52723

U X E M B O U R G

30. Dividends.
30.1 Subject to the provisions of the Law, the company may by ordinary resolution declare dividends in accordance

with the respective rights of the holders, but no dividend shall exceed the amount recommended by the directors.

30.2 Subject to the provisions of the Law, the directors may pay interim dividends if it appears to them that they are

justified by the financial resources of the company available for distribution under the Law. If the share capital is divided
into different classes, the directors may pay interim dividends on shares which confer deferred or non-preferred rights
with regard to dividend as well as on shares which confer preferential rights with regard to dividend, but no interim
dividend shall be paid on shares carrying deferred or non-preferred rights if, at the time of payment, any preferential
dividend is in arrear. The directors may also pay at intervals settled by them any dividend payable at a fixed rate, if it
appears to them that the financial resources available for distribution under the Law justify payment. Provided the directors
act in good faith, they shall not incur any liability to the holders of shares conferring preferred rights for any loss they
may suffer by the interim dividend on any shares having deferred or non-preferred rights.

30.3 Except as otherwise provided by the rights attached to shares, all dividends shall be declared and paid according

to the amounts paid up on shares on which the dividend is paid. All dividends shall be apportioned and paid proportionately
to the amounts paid up on the shares during any portion or portions of the period in respect of which the dividend is
paid but, if any share is issued on terms providing that it shall rank for dividend as from a particular date, that share shall
rank for dividend accordingly.

30.4 A general meeting declaring a dividend may, upon the recommendation of the directors, direct that it shall be

satisfied wholly or partly by the distribution of assets and, the directors may settle the same and in particular may issue
fractional certificates and fix the value for distribution of any assets, and may determine that cash shall be paid to any
holder upon the footing of the value so fixed in order to adjust the rights of holders, and may vest any assets in trustees:

30.5 Any dividend or other moneys payable in respect of a share may be paid by cheque or by warrant sent by post

to the registered address of the person entitled or, if two or more persons are the holders of the share or are jointly
entitled to it by reason of the death or bankruptcy of the holder, to the registered address of one of those persons who
is first named in the register of members or to such person and to such address as the person or persons entitled may
in writing direct. Every cheque or warrant shall be made payable to the order of the person or ... entitled or to such
other person as the person or persons entitled may in ... direct and payment of the cheque or warrant shall be a good
discharge to the company. Any joint holder or other person jointly entitled to a share as aforesaid may give receipts for
any dividend or other moneys payable in respect of the share.

30.6 No dividend or other moneys payable in respect of a share shall bear interest against the company unless otherwise

provided by the rights attached to 30.7 Any dividend which has remained unclaimed for 10 years from the date when it
became due for payment shall, if the directors so resolve, be forfeited and cease to remain owing by the company.

31. Accounts and Audit.
31.1 No holder shall (as such) have any right of inspecting any accounting records or other book or document of the

company except as conferred by law or authorised by the directors or by ordinary resolution of the company.

31.2 The company in general meeting may appoint auditors to examine the accounts and report thereon in accordance

with the Law.

32. Capitalisation of profits.
32.1 The directors may with the authority of an ordinary resolution of the company:
32.1.1 subject as hereinafter provided, resolve to capitalise any undivided profits of the company not required for

paying any preferential dividend (whether or not they are available for distribution);

32.1.2 appropriate the sum resolved to be capitalised to the holders in proportion to the number of the shares (whether

or not fully paid) held by them respectively which would entitle them to participate in a distribution of that sum if the
shares were fully paid and the sum were distributable and were distributed by way of dividend, and apply such sum on
their behalf either in or towards paying up the amounts, if any, for the time being unpaid on any shares held by them
respectively, or in paying up and allotting unissued shares or debentures of the company of an amount equal to that sum,
and allot the shares or debentures credited as partly or fully paid to those holders, or as they may direct, in those
proportions, or partly in one way and partly in the other;

32.1.3 subject to the provisions of the Law and in so far as the Law allows, make such provision by the issue of fractional

certificates or by payment in cash or otherwise as they determine in the case of shares or debentures becoming distri-
butable under this article in fractions; and

32.1.4 authorise any person to enter on behalf of all the holders concerned into an agreement with the company

providing for the allotment to them respectively, credited as fully paid, of any shares or debentures to which they are
entitled upon such capitalisation, any agreement made under such authority being binding on all such holders.

33. Notices.
33.1 Any notice to be given to or by any person pursuant to the articles shall be in writing and may be given by email

or any other electronic method except that a notice calling a meeting of the directors need not be in writing.

52724

U X E M B O U R G

33.2 A holder shall be entitled to receive any notice to be given to him pursuant to the articles notwithstanding that

his registered address is not within the British islands. The company may give notice to a holder either personally or by
sending it by post in a prepaid envelope addressed to the holder at his registered address or by leaving it at that address
or by emailing the notice to the holders electronic address last notified to the company by the holder. In the case of joint
holders of a share, all notices shall be given to the joint holder whose name stands first in the register of members in
respect of the joint holding and notice ... shall be sufficient notice to all the joint holders.

33.3 A holder present, either in person or by proxy, at any meeting of the company or of the holders of any class of

shares in the company shall be deemed to have received notice of the meeting and, where requisite, of the purposes for
which it was called.

33.4 Every person who becomes entitled to a share shall be bound by any notice in respect of that share which, before

his name is entered in the register of members, has been duly given to a person from which he derives his title.

33.5 Proof that an envelope containing a notice was properly addressed, prepaid and posted shall be conclusive evidence

that the notice was given. A notice shall be deemed to be given at the expiration of 48 hours after the envelope containing
it was posted. Electronic communication of a notice (properly addressed and dispatched to the holder's electronic address
last notified by the holder to the company in writing) is given or deemed to have been given at the time the electronic
notice leaves the information system of the company or the information system any other person sending the notice on
the company's behalf (as the case may be).

33.6 A notice may be given by the company to the persons entitled to a share in consequence of the death, incapacity

or bankruptcy of a holder by sending or delivering it, in any manner authorised by the articles for the giving of notice to
a holder, addressed to them by name, or by the title of representatives of the deceased, or trustee of the bankrupt or
curator of the holder or by any like description at the address supplied for that purpose by the persons claiming to be
so entitled. Until such an address has been supplied, a notice may be given in any manner in which it might have been
given if the death, incapacity or bankruptcy had not occurred. If more than one person would be entitled to receive a
notice in consequence of the death, incapacity or bankruptcy of a holder, notice given to any one of such persons shall
be sufficient notice to all such persons.

34. Winding up. If the company is wound up, the company may, with the sanction of a special resolution and any other

sanction required by the Law, divide the whole or any part of the assets of the company among the holders in specie and
the liquidator, or, where there is no liquidator, the directors may, for that purpose, value any assets and determine how
the division shall be carried out as between the holders or different classes of holders, and with the like sanction, vest
the whole or any part of the assets in trustees upon such trusts for the benefit of the holders as he with the like sanction
determines, but no holder shall be compelled to accept any assets upon which there is a liability,

35. Indemnity. In so far as the Law allows, every present or former officer of the company (including without limitation

any alternate director, secretary or director of the company) shall be indemnified out of the assets of the company against
any loss or liability incurred by him by reason of being or having been such an officer. The directors, may without sanction
of the company in general meeting authorize the purchase or maintenance by the company for any officer or former
officer of the company (including without limitation any alternate director, secretary or director of the company) and
any agent or employee of the company of any insurance as is permitted by the Law in respect of any liability which would
otherwise attach to such officer or former officer of the company (including without limitation any alternate director,
secretary or director of the company) and any agent or employee of the company.

3. Acknowledgement that Mr Yves Prussen, Mr Richard Lepeu, Mr Bernard Fornas and Mr Jan Rupert will not remain

in the office whereas Mr Kurt ... and Mr Albert Kaufmann will remain in office upon implementation of the ... as members
of the board of directors of the Company;

4. Appointment of Mr Peter Richard Cos as new board member and as Company secretary, such appointment to

become effective as from the Effective

5. Instruction to any member of the board of the Company, each of them acting individually, with full power of

substitution, to take the appropriate steps and such any documents required to have the Company registered with the
Registry of Companies in Jersey as well as instruction to any member of the board in function date hereof, each of them
acting individually, with full power of substitution to take all actions and do such things as are necessary in order for the
above resolutions to be implemented, and to execute any such document (including any notarial deeds) required under
the above resolutions and in particular to render the Transfer effective and enforceable towards third parties including
to have the registration with the Registry of Companies in Jersey duly acknowledged in front of a public notary of his
choice in Luxembourg.

Thereafter the following decisions were taken:

First resolution

It was decided to transfer the registered office and central administration of the Company from Luxembourg to Jersey

(the "Transfer") and as a consequence to change the nationality of the Company, the Transfer and the change of nationality
of the Company becoming effective on the Effective Date (as defined in the agenda above).

52725

U X E M B O U R G

It was acknowledged that as a consequence of the Transfer, the Company shall be subject to the laws of Jersey and

shall from the Effective Date and upon the issuance of a certificate of continuance by the Jersey Financial Services Com-
mission become a body corporate governed by and subject to the laws of Jersey without the legal existence or personality
of the Company being in any manner affected.

Second resolution

It was decided that upon the Effective Date the memorandum of association and the articles of association be adopted

as per item 2 of the agenda.

Third resolution

It was decided to acknowledge that Mr Yves Prussen, Mr Richard Lepeu, Mr Bernard Fornas and Mr Jan Rupert will

not remain in the office whereas Mr Kurt Nauer and Mr Albert Kaufmann will remain in office upon implementation of
the Transfer as members of the board of directors of the Company.

Fourth resolution

It was decided to appoint Mr Peter Richard Coe, born on 23 May 1953, in Bristol, United Kingdom, with professional

adress at 27 Hill Street, St Helier, Jersey JE2 4UA, Channel Islands, as new board member and as company secretary,
such appointments to become effective as from the Effective Date.

Fifth resolution

Instruction was given to any member of the board of the Company, each of them acting individually, with full power

of substitution, to take the appropriate steps and sign any documents required to have the Company registered with the
Registry of Companies in Jersey and instruction was also given to any member of the board in function at the date hereof,
each of them acting individually, with full power of substitution, to take all actions and do such things as are necessary in
order for the above resolutions to be implemented, and to execute any such documen... any notarial deeds) required
under the above resolutions and in particular ... the Transfer effective and enforceable towards third parties including to
have ... registration with the Registry of Companies in Jersey duly acknowledged in ... a public notary of his choice in
Luxembourg.

The undersigned notary, who understands and speaks English, herewith states that at the request of the appearing

party hereto this deed is drafted in English followed by a French translation; at the request of the same appearing party
in case of divergences between the English and French version, the English version will be prevailing.

Whereof, the present deed was drawn up in Luxembourg, on the day before mentioned.
After reading this deed the appearing party signed together with the notary the present deed.

Followed by a French translation:

L'an deux mille dix, le quatorzième jour du mois de décembre.
Par devant Maître Henri Hellinckx, notaire résidant à Luxembourg, Grand-Duché de Luxembourg,

A comparu:

en vertu d'une procuration datée du 8 décembre 2010 (cette procuration sera enregistrée ensemble avec le présent

acte) Me Valérie Kopéra, Maître en droit, agissant pour le compte de Richemont Luxury Group Ltd, une société constituée
sous les lois de Jersey, ayant son siège social à 27 Hill Street, St. Helier, Jersey JE2 4UA, Jersey, immatriculée auprès du
registre des sociétés de Jersey sous le numéro B 101789, étant l'associé unique de Richemont Finance S.A., ayant son
siège social au 35, boulevard Prince Henri, L-1724 Luxembourg, immatriculée auprès du Registre du Commerce et des
Sociétés à Luxembourg sous le numéro B 51.413, constituée par acte de Me Marc Elter, alors notaire résidant à Luxem-
bourg, du 30 mai 1995, publié au Mémorial C, Recueil des Sociétés et Associations (le "Mémorial") numéro 447 du 11
septembre 1995 (la "Société"). Les statuts de la Société (les "Statuts") ont été modifiés plusieurs fois et pour la dernière
fois le 31 mars 2000 par acte du notaire Me Joseph Elvinger, notaire de résidence à Luxembourg, publié au Mémorial,
numéro 523 du 21 juillet 2000.

La personne comparante a déclaré et requit le notaire instrumentant d'acter que:
I. L'associé unique détient toutes les trois cent mille (300,000) actions en émission dans la Société, de sorte que des

décisions peuvent être valablement prises sur tous les points portés à l'ordre du jour.

II. Les points sur lesquels des décisions doivent être prises sont les suivants:
1. Transfert du siège social et de l'administration centrale de la Société de Luxembourg à Jersey (le "Transfert") et

changement subséquent de la nationalité de la Société, le Transfert et le changement de nationalité de la Société prendront
effet à la date d'immatriculation de la Société à Jersey auprès du registre des sociétés à Jersey (la "Date de Prise d'Effet");
et constater que suite à ce qui précède, la Société sera soumise aux lois de Jersey et deviendra, à partir de la Date de
Prise d'Effet et de l'émission du certificat de continuation par la Jersey Financial Services Commission, une personne
morale gouvernée par et soumise aux lois de Jersey sans que l'existence légale ou la personnalité, juridique de la Société
ne soit affectée en aucune manière;

52726

U X E M B O U R G

2. A la Date de Prise d'Effet le memorandum of association et les statuts La Société seront adoptés comme suit:
MEMORANDUM OF ASSOCIATION
of
RICHEMONT FINANCE LIMITED
No Par Value Company (limited liability)
1. The name of the company is Richemont Finance Limited.
2. The company shall have all the powers of a natural person and its capacity shall be unlimited.
3. The company is a private company.
4. The company is a no par value company.
5. There is no limit on the number of shares of any class which the company is authorised to issue.
6. The liability of each member of the company arising from his shareholding is limited to the amount (if any) unpaid