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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° 1632

9 juillet 2013

SOMMAIRE

Aerium Atlas Management S. à r.l. . . . . . .

78301

Agence Luxembourgeoise pour la Sécurité

Aérienne . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78301

Asta Luxembourg S.à r.l. . . . . . . . . . . . . . . .

78300

Bini Electricité Maintenance S.à r.l. . . . . . .

78290

BLITO HOLDING Spf S.A. . . . . . . . . . . . . . .

78290

Blue Amber Fund Management S.A. . . . . .

78290

Blue Edge Fund . . . . . . . . . . . . . . . . . . . . . . . .

78291

CapB Fund I S.à r.l. . . . . . . . . . . . . . . . . . . . . .

78331

Carmignac International Luxembourg -

CIL - S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78336

Charisma Sicav . . . . . . . . . . . . . . . . . . . . . . . .

78291

Codefa S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78291

Coiffure Lydie S.à r.l. . . . . . . . . . . . . . . . . . . .

78292

Cougar Holding S.A. . . . . . . . . . . . . . . . . . . . .

78292

Cougar Holding S.A. . . . . . . . . . . . . . . . . . . . .

78292

Cougar Holding S.A. . . . . . . . . . . . . . . . . . . . .

78292

Derceto Management . . . . . . . . . . . . . . . . . .

78296

Desi S.à.r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78295

Downshire Enterprises S.A. . . . . . . . . . . . . .

78294

Easit S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78296

East Capital Asset Management S.A. . . . .

78291

EAV Lux S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

78292

Edge S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78293

Edmond de Rothschild Investment Advi-

sors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78294

EGB Hornung & Associés S.à r.l. . . . . . . . . .

78293

Eimuth Ventures S.à r.l. . . . . . . . . . . . . . . . .

78295

Element Power Investments S.à r.l. . . . . . .

78294

Elix Holdings Management S.à r.l. . . . . . . .

78294

EM-Jot S.à r.l. SPF . . . . . . . . . . . . . . . . . . . . . .

78295

Energia Solar Luxembourg S.à r.l. . . . . . . .

78295

Eni International N.A. N.V. S.àr.l. . . . . . . .

78294

Entreprise de Toiture Goncalves s.à r.l. . .

78293

Espirito Santo Wealth Management (Euro-

pe) S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78293

Euroclear Investments . . . . . . . . . . . . . . . . . .

78293

Executive Search Luxembourg S.A. . . . . . .

78296

Finmal S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78296

Finproject S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

78297

FJ Developpement En . . . . . . . . . . . . . . . . . .

78297

GaveKal Multi-Strategy Fund SIF SICAV

S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78297

Godico S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78299

GPC International S.A. . . . . . . . . . . . . . . . . .

78298

GROUPE OPEN PSF Luxembourg . . . . . .

78299

Hair Contrast S.à r.l. . . . . . . . . . . . . . . . . . . .

78299

Hestia S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78298

HM MVS Luxco S.à r.l. . . . . . . . . . . . . . . . . . .

78298

Hondsschoul Um Bierg Sàrl . . . . . . . . . . . . .

78299

Hotel Petry S.à.r.l. . . . . . . . . . . . . . . . . . . . . .

78299

IB Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78297

Immobilière Comète s.à r.l. . . . . . . . . . . . . .

78298

Juliette Films S.A. . . . . . . . . . . . . . . . . . . . . . .

78335

Malasi S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78334

MONDIALUX INVESTISSEMENTS Spf

S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78319

Ramsbury Sàrl . . . . . . . . . . . . . . . . . . . . . . . . .

78290

Reflexion Development S.à r.l. . . . . . . . . . .

78291

Société alimentaire d'Echternach S.A. . . .

78325

Société Immobilière de Clervaux SA . . . .

78295

Tissio S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78300

Tradition II S.A. . . . . . . . . . . . . . . . . . . . . . . . .

78319

Transsped GmbH . . . . . . . . . . . . . . . . . . . . . .

78300

Treis Gestion S.A. . . . . . . . . . . . . . . . . . . . . . .

78300

Valindus S.A., SPF . . . . . . . . . . . . . . . . . . . . . .

78300

Valpic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78301

Varcas S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78301

Venture & Capital Holding Inc. . . . . . . . . . .

78301

Versailles III . . . . . . . . . . . . . . . . . . . . . . . . . . .

78302

78289

U X E M B O U R G

Bini Electricité Maintenance S.à r.l., Société à responsabilité limitée.

Siège social: L-1420 Luxembourg, 5, avenue Gaston Diderich.

R.C.S. Luxembourg B 106.108.

Les comptes annuels au 30/09/2011 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.

L-1420 Luxembourg, le 07 mai 2013.

Monsieur Daniel Marchand
Gérant

Référence de publication: 2013065952/12.
(130082033) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Blue Amber Fund Management S.A., Société Anonyme.

Siège social: L-1653 Luxembourg, 2-8, avenue Charles de Gaulle.

R.C.S. Luxembourg B 166.756.

Suite à l'assemblée générale ordinaire du 14 mai 2013, les actionnaires de la société 'Blue Amber Management S.A' ont

pris les résolutions suivantes:

- reconduit le mandat de réviseur d'entreprise de PricewaterhouseCoopers S.à r.l. jusqu'à la prochaine assemblée

générale des actionnaires qui aura lieu en 2014.

Luxembourg, le 16 mai 2013.

Référence de publication: 2013065953/12.
(130081942) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

BLITO HOLDING Spf S.A., Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-1750 Luxembourg, 62, avenue Victor Hugo.

R.C.S. Luxembourg B 75.166.

Auszug aus dem Protokoll der Ordentlichen Generalversammlung vom 08. Mai 2013

Die Mandate des Verwaltungsrats bestehend aus den Herren
Valery Savanovich, geb. am 07.01.1970 in Klaipeda, Litauen
geschäftsansässig in 4 A, Gostinitschnoi Projesd, 127106 Moskau, Russland
Vadim Egorov, geb. am 30.10.1964 in Kasachstan
geschäftsansässig in 17-1-24, Tverskoj blvr., 123104 Moskau, Russland
Vladimir Poroshine, geb. am 18.03.1949 in 123104 Moskau, Russland
geschäftsansässig in 17-1-24, Tverskoj blvr., 123104 Moskau, Russland
Georges Majerus, Expert-Comptable, geb. am 08.07.65 in Dudelange
geschäftsansässig in 62, avenue Victor Hugo, L-1750 Luxembourg
sowie das Mandat des jeweiligen Administrateur-Délégué Georges Majerus und Valery Savanovich (Kontaktdaten wie

vor)

werden verlängert bis zur ordentlichen Generalversammlung des Jahres 2017.

Die Versammlung

Référence de publication: 2013065972/21.
(130081652) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Ramsbury Sàrl, Société à responsabilité limitée.

Siège social: L-1251 Luxembourg, 13, avenue du Bois.

R.C.S. Luxembourg B 163.976.

Les comptes annuels clos au 31 mars 2013 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.
Référence de publication: 2013066447/9.
(130081608) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78290

U X E M B O U R G

Reflexion Development S.à r.l., Société à responsabilité limitée.

Siège social: L-5365 Munsbach, 6C, rue Gabriel Lippmann.

R.C.S. Luxembourg B 40.895.

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.
Référence de publication: 2013066458/9.
(130081455) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Blue Edge Fund, Société d'Investissement à Capital Variable.

Siège social: L-2346 Luxembourg, 20, rue de la Poste.

R.C.S. Luxembourg B 100.447.

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.

Luxembourg, le 23 mai 2013.

Maître Léonie GRETHEN
Notaire

Référence de publication: 2013065974/12.
(130081602) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Charisma Sicav, Société d'Investissement à Capital Variable.

Siège social: L-2449 Luxembourg, 14, boulevard Royal.

R.C.S. Luxembourg B 72.483.

Le rapport annuel révisé au 31 décembre 2012 a été déposé 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 22 mai 2013.

Pour le Conseil d’administration
Signature

Référence de publication: 2013065989/12.
(130081180) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

East Capital Asset Management S.A., Société Anonyme.

Siège social: L-1273 Luxembourg, 19, rue de Bitbourg.

R.C.S. Luxembourg B 136.364.

Pour EAST CAPITAL ASSET MANAGEMENT S.A.
CACEIS BANK LUXEMBOURG

Référence de publication: 2013066082/11.
(130081952) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Codefa S.A., Société Anonyme.

Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.

R.C.S. Luxembourg B 76.782.

Luxembourg, le 22 mai 2013.

Référence de publication: 2013066054/10.
(130082020) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78291

U X E M B O U R G

Coiffure Lydie S.à r.l., Société à responsabilité limitée.

Siège social: L-5539 Remich, 2, place Nicolas Klopp.

R.C.S. Luxembourg B 164.954.

Les comptes annuels au 31.12.2012 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.

Signature.

Référence de publication: 2013066055/10.
(130082096) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Cougar Holding S.A., Société Anonyme.

Siège social: L-2168 Luxembourg, 127, rue de Mühlenbach.

R.C.S. Luxembourg B 138.068.

Les comptes annuels au 31 Décembre 2011 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.

Signature.

Référence de publication: 2013066060/10.
(130082122) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Cougar Holding S.A., Société Anonyme.

Siège social: L-2168 Luxembourg, 127, rue de Mühlenbach.

R.C.S. Luxembourg B 138.068.

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.

Signature.

Référence de publication: 2013066061/10.
(130082123) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Cougar Holding S.A., Société Anonyme.

Siège social: L-2168 Luxembourg, 127, rue de Mühlenbach.

R.C.S. Luxembourg B 138.068.

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.

Signature.

Référence de publication: 2013066062/10.
(130082124) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

EAV Lux S.à r.l., Société à responsabilité limitée.

Capital social: USD 20.016.269,94.

Siège social: L-2540 Luxembourg, 15, rue Edward Steichen.

R.C.S. Luxembourg B 162.767.

EXTRAIT

En date du 21 mai 2013, l'Associé unique a pris les résolutions suivantes:
- La démission de Monsieur Ivo Hemelraad, en tant que gérant B, est accepté avec effet immédiat.
- Madame Charlotte Lahaije-Hultman, avec adresse professionnelle au 15, rue Edward Steichen, L-2540 Luxembourg,

est élue nouveau gérant B de la société avec effet immédiat et ce pour une durée indéterminée.

Pour extrait conforme.

Luxembourg, le 22 mai 2013.

Référence de publication: 2013066100/14.
(130081283) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78292

U X E M B O U R G

Espirito Santo Wealth Management (Europe) S.A., Société Anonyme.

Siège social: L-2449 Luxembourg, 22-24, boulevard Royal.

R.C.S. Luxembourg B 168.159.

Il résulte d'un procès-verbal de l'Assemblée Générale Odinaire tenue le 21 mai 2013 que M. Roger Henri Hartmann,

né le 16 juillet 1957 à Lausanne (Suisse), avec adresse professionnelle au 22-24 Boulevard Royal, L-2449 Luxembourg, a
été nommé, avec effet immédiat, au poste d'Administrateur de la Société, en remplacement de M. Carlos Brugarolas
Torello, démissionnaire.

Son mandat viendra à échéance à l'issue de l'assemblée générale qui se tiendra en 2018.

Pour extrait conforme
SG AUDIT S.àr.l.

Référence de publication: 2013066114/14.
(130081460) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Entreprise de Toiture Goncalves s.à r.l., Société à responsabilité limitée.

Siège social: L-9116 Schieren, 10, rue de l'Alzette.

R.C.S. Luxembourg B 102.447.

Signature.

Référence de publication: 2013066108/10.
(130081569) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

EGB Hornung & Associés S.à r.l., Société à responsabilité limitée.

Siège social: L-1409 Luxembourg, 32, rue Edmond Dune.

R.C.S. Luxembourg B 29.348.

Signature.

Référence de publication: 2013066102/10.
(130081345) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Edge S.A., Société Anonyme.

Siège social: L-2241 Luxembourg, 4, rue Tony Neuman.

R.C.S. Luxembourg B 128.076.

Le Conseil d'Administration

Référence de publication: 2013066101/10.
(130081891) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Euroclear Investments, Société Anonyme.

Siège social: L-2453 Luxembourg, 12, rue Eugène Ruppert.

R.C.S. Luxembourg B 24.839.

Signature.

Référence de publication: 2013066093/10.
(130081604) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78293

U X E M B O U R G

Elix Holdings Management S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.

R.C.S. Luxembourg B 164.353.

Luxembourg, le 21 mai 2013.

Référence de publication: 2013066088/10.
(130082028) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Edmond de Rothschild Investment Advisors, Société Anonyme.

Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.

R.C.S. Luxembourg B 88.591.

Signature.

Référence de publication: 2013066084/10.
(130081457) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Element Power Investments S.à r.l., Société à responsabilité limitée.

Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.

R.C.S. Luxembourg B 146.392.

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.

Luxembourg, le 23 mai 2013.

POUR COPIE CONFORME

Référence de publication: 2013066087/11.
(130081974) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Downshire Enterprises S.A., Société Anonyme.

Siège social: L-2163 Luxembourg, 40, avenue Monterey.

R.C.S. Luxembourg B 125.580.

Le bilan de la société au 31/12/2012 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg.

Pour la société
Un mandataire

Référence de publication: 2013066078/12.
(130081929) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Eni International N.A. N.V. S.àr.l., Société à responsabilité limitée.

Siège social: L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 94.134.

Pour Eni International N.A. N.V. S.àr.l.
Intertrust (Luxembourg) S.A.

Référence de publication: 2013066090/11.
(130082051) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78294

U X E M B O U R G

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

Siège social: L-3385 Noertzange, 13, route de Kayl.

R.C.S. Luxembourg B 116.986.

Luxembourg, le 23/05/2013.

Référence de publication: 2013066074/10.
(130081833) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Eimuth Ventures S.à r.l., Société à responsabilité limitée.

Capital social: EUR 130.000,00.

Siège social: L-8045 Strassen, 17, Val des Roses.

R.C.S. Luxembourg B 171.366.

Extrait sincère et conforme
Eimuth Ventures S.à r.l.
Signature

Référence de publication: 2013066085/12.
(130081584) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Energia Solar Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-1855 Luxembourg, 46A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 132.675.

Les comptes annuels au 31 décembre 2011 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 22 mai 2013.

Energia Solar Luxembourg S.à r.l.
P.L.C. van Denzen / G.B.A.D. Cousin
Gérant / Gérant

Référence de publication: 2013066089/13.
(130081303) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

EM-Jot S.à r.l. SPF, Société à responsabilité limitée - Société de gestion de patrimoine familial.

Siège social: L-1118 Luxembourg, 23, rue Aldringen.

R.C.S. Luxembourg B 122.246.

Signature.

Référence de publication: 2013066105/10.
(130082092) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Société Immobilière de Clervaux SA, Société Anonyme.

Siège social: L-9737 Clervaux, 1, place de l'Abbaye.

R.C.S. Luxembourg B 91.531.

Les comptes annuels au 31 décembre 2012 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.
Référence de publication: 2013066478/9.
(130081366) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78295

U X E M B O U R G

Easit S.A., Société Anonyme.

Siège social: L-1660 Luxembourg, 60, Grand-rue.

R.C.S. Luxembourg B 107.817.

Luxembourg.

EASIT SA
Signature

Référence de publication: 2013066099/12.
(130081307) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Executive Search Luxembourg S.A., Société Anonyme.

Siège social: L-2330 Luxembourg, 124, boulevard de la Pétrusse.

R.C.S. Luxembourg B 158.519.

Extrait du procès-verbal de l’assemblée générale extraordinaire des actionnaires du 22 mai 2013

L'assemblée générale nomme Madame Elisabeth WIDMAIER, résidante à B-1540 Herne, Leenstraat 31 comme com-

missaire aux comptes pour une période de 6 ans en remplacement de ODD Financial Services S.A.

L'exécution de son mandat prenant cours rétroactivement pour le contrôle du bilan 2011 et prenant fin à l'issue de

l'assemblée générale ordinaire de 2017 statuant sur l'exercice 2016.

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

Executive Search Luxembourg S.A.
Signature

Référence de publication: 2013066098/15.
(130081489) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Derceto Management, Société à responsabilité limitée.

Siège social: L-1511 Luxembourg, 121, avenue de la Faïencerie.

R.C.S. Luxembourg B 166.265.

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.

Luxembourg, le 23 mai 2013.

Maître Léonie GRETHEN
Notaire

Référence de publication: 2013066067/12.
(130081511) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Finmal S.A., Société Anonyme Soparfi.

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

R.C.S. Luxembourg B 31.143.

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.

Luxembourg, le 22 MAI 2013.

Pour: FINMAL S.A.
Société anonyme
Experta Luxembourg
Société anonyme
Cindy Szabo / Johanna Tenebay

Référence de publication: 2013066144/15.
(130081536) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78296

U X E M B O U R G

GaveKal Multi-Strategy Fund SIF SICAV S.A., Société d'Investissement à Capital Variable - Fonds d'In-

vestissement Spécialisé.

Siège social: L-1724 Luxembourg, 11A, boulevard du Prince Henri.

R.C.S. Luxembourg B 157.563.

Extrait du Procès-Verbal de l'Assemblée Générale Ordinaire tenue de manière extraordinaire le 26 juillet 2012

Sixième résolution

L'Assemblée Générale Annuelle des Actionnaires reconduit pour un terme d'un an expirant à l'Assemblée Générale

annuelle des actionnaires qui se tiendra en 2013, le mandat du réviseur d'entreprises Mazars Luxembourg.

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

GaveKal Multi-Strategy Fund SIF SICAV S.A.
Société Anonyme

Référence de publication: 2013066160/15.
(130082043) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

IB Finance, Société Anonyme Soparfi.

Siège social: L-2953 Luxembourg, 69, route d'Esch.

R.C.S. Luxembourg B 16.007.

Luxembourg, le 23/05/2013.

Pour: IB FINANCE
Société anonyme
Experta Luxembourg
Société anonyme
Isabelle Marechal-Gerlaxhe / Johanna Tenebay

Référence de publication: 2013066225/15.
(130081915) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

FJ Developpement En, Société Anonyme.

Siège social: L-1480 Luxembourg, 8, boulevard Paul Eyschen.

R.C.S. Luxembourg B 168.899.

POUR FJ DEVELOPPEMENT EN
SGG S.A.
Signatures

Référence de publication: 2013066146/12.
(130081380) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Finproject S.A., Société Anonyme.

Siège social: L-2146 Luxembourg, 74, rue de Merl.

R.C.S. Luxembourg B 95.876.

Extrait sincère et conforme
FINPROJECT S.A.
Signature

Référence de publication: 2013066145/12.
(130081215) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78297

U X E M B O U R G

Hestia S.A., Société Anonyme.

Siège social: L-2540 Luxembourg, 15, rue Edward Steichen.

R.C.S. Luxembourg B 87.089.

EXTRAIT

L'Assemblée Générale des Actionnaires tenue en date du 21 mai 2013, a approuvé les résolutions suivantes:
- La démission de Kees-Jan Avis, en tant qu'administrateur de la Société, est constatée avec effet au 29 mars 2013.
- Laurent Baucou, avec adresse professionnelle au 15 rue Edward Steichen, L-2540 Luxembourg, est élu nouvel admi-

nistrateur de la Société avec effet au 29 mars 2013 et jusqu'à l'assemblée générale de l'an 2017.

Pour extrait conforme.

Luxembourg, le 23 mai 2013.

Référence de publication: 2013066198/14.
(130081386) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

HM MVS Luxco S.à r.l., Société à responsabilité limitée.

Siège social: L-1855 Luxembourg, 46A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 137.672.

Luxembourg, le 22 mai 2013.

HM MVS Luxco S.à r.l.
David William Knickel / Manacor (Luxembourg) S.A.
- / Signature
Gérant A / Gérant B

Référence de publication: 2013066200/14.
(130081305) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

GPC International S.A., Société Anonyme.

Siège social: L-2530 Luxembourg, 4, rue Henri M. Schnadt.

R.C.S. Luxembourg B 64.486.

Par la présente, je démissionne avec effet immédiat de ma fonction d'Administrateur de la Société GPC INTERNA-

TIONAL S.A., inscrite au registre de commerce et des sociétés de Luxembourg sous le numéro B 64 486.

Luxembourg, le 18 mai 2013.

Dan EPPS.

Référence de publication: 2013066175/10.
(130081978) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Immobilière Comète s.à r.l., Société à responsabilité limitée.

Siège social: L-2311 Luxembourg, 3, avenue Pasteur.

R.C.S. Luxembourg B 23.798.

L'Assemblée générale du 25 Avril 2013 prend la décision suivante:
Nomination du Réviseur d'Entreprises
L'Assemblée générale des actionnaires désigne Ernst & Young, 7 Parc d'Activité Syrdall - L-5365 Munsbach comme

Réviseur d'Entreprises de la société. Ce mandat prendra fin lors de l'assemblée générale à tenir en 2014.

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

Luxembourg, le 22 mai 2013.

Pour les Gérants
Signature
Le Secrétaire

Référence de publication: 2013066229/16.
(130081250) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78298

U X E M B O U R G

Godico S.A., Société Anonyme.

Siège social: L-1331 Luxembourg, 59, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 79.266.

Le bilan au 31/12/2010 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2013066174/10.
(130081846) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Hondsschoul Um Bierg Sàrl, Société à responsabilité limitée.

Siège social: L-7465 Nommern, 7, rue Principale.

R.C.S. Luxembourg B 132.018.

Signature.

Référence de publication: 2013066204/10.
(130081565) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Hotel Petry S.à.r.l., Société à responsabilité limitée.

Siège social: L-9420 Vianden, 15, rue de la Gare.

R.C.S. Luxembourg B 95.720.

Signature.

Référence de publication: 2013066205/10.
(130081871) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Hair Contrast S.à r.l., Société à responsabilité limitée.

Siège social: L-1330 Luxembourg, 54, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 50.876.

Pour HAIR CONTRAST S.à r.l.
FIDUCIAIRE DES PME SA

Référence de publication: 2013066191/11.
(130081534) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

GROUPE OPEN PSF Luxembourg, Société Anonyme.

Siège social: L-1930 Luxembourg, 66, avenue de la Liberté.

R.C.S. Luxembourg B 69.399.

EXTRAIT

Il résulte de l'Assemblée générale ordinaire du 24 avril 2013 que décision a été prise de:
- Nommer comme Administrateur à compter de ce jour pour une durée de six ans, Monsieur Laurent DESOMER, né

le 10 janvier 1968 à Malo-les-Bains (France), demeurant 55 rue de la Baille F-59242 Templeuve (France).

Le mandat prendra fin à l'issue de l'Assemblée Générale de 2019.

Pour extrait sincère et conforme

Référence de publication: 2013066178/13.
(130081792) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

78299

U X E M B O U R G

Tissio S.A., Société Anonyme.

Siège social: L-1836 Luxembourg, 23, rue Jean Jaurès.

R.C.S. Luxembourg B 92.875.

Dandois & Meynial

Référence de publication: 2013066552/10.
(130081679) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Transsped GmbH, Société à responsabilité limitée.

Siège social: L-1653 Luxembourg, 2, avenue Charles de Gaulle.

R.C.S. Luxembourg B 30.772.

Signature.

Référence de publication: 2013066555/10.
(130081862) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Treis Gestion S.A., Société Anonyme.

Siège social: L-1249 Luxembourg, 15, rue du Fort Bourbon.

R.C.S. Luxembourg B 142.807.

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.

Senningerberg, le 22 mai 2013.

Référence de publication: 2013066558/10.
(130081282) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

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

Siège social: L-2311 Luxembourg, 3, avenue Pasteur.

R.C.S. Luxembourg B 52.813.

Le Bilan au 30.11.2012 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2013066576/10.
(130082010) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Asta Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-1855 Luxembourg, 46A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 156.866.

Le Bilan et l'affectation du résultat au 31 Décembre 2011 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 24 Mai 2013.

Asta Luxembourg S.à r.l.
M.P. Galliver
Manager

Référence de publication: 2013066687/14.
(130083095) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 mai 2013.

78300

U X E M B O U R G

Agence Luxembourgeoise pour la Sécurité Aérienne, Société Anonyme.

Siège social: L-1748 Luxembourg, 4, rue Lou Hemmer.

R.C.S. Luxembourg B 146.348.

Signature.

Référence de publication: 2013066697/10.
(130082762) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 mai 2013.

Valpic, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement Spécialisé.

Siège social: L-1855 Luxembourg, 15, avenue J.F. Kennedy.

R.C.S. Luxembourg B 153.806.

Le Bilan au 31 décembre 2012 a été déposé 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 23 mai 2013.

Référence de publication: 2013066577/10.
(130082109) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Varcas S.A., Société Anonyme.

Siège social: L-1140 Luxembourg, 45-47, route d'Arlon.

R.C.S. Luxembourg B 155.566.

Signature.

Référence de publication: 2013066579/10.
(130082016) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Venture & Capital Holding Inc., Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2430 Luxembourg, 34, rue Michel Rodange.

R.C.S. Luxembourg B 73.412.

Les comptes annuels au 31/12/2011 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 22 mai 2013.

Référence de publication: 2013066580/10.
(130081308) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Aerium Atlas Management S. à r.l., Société à responsabilité limitée.

Siège social: L-2633 Senningerberg, 6A, route de Trèves.

R.C.S. Luxembourg B 141.575.

On 6

May 2013, Mr Geoffroy t'Serstevens has resigned from his mandate of manager of the Company with immediate

effect.

The sole director of the Company is Mr Ely Michel Ruimy.

Traduction pour les besoins de l'Enregistrement

Le 6 mai 2013, Mr Geoffroy t'Serstevens a démissionné de son mandat de gérant de la Société avec effet immédiat;
Le gérant unique de la Société est Mr Ely Michel Ruimy.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013066696/14.
(130083077) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 mai 2013.

78301

U X E M B O U R G

Versailles III, Société en Commandite par Actions sous la forme d'une SICAV - Fonds d'Investissement

Spécialisé.

Siège social: L-2163 Luxembourg, 40, avenue Monterey.

R.C.S. Luxembourg B 149.198.

In the year two thousand and thirteen, on the thirteenth of May;

Before Us M

Carlo WERSANDT, notary residing in Luxembourg (Grand Duchy of Luxembourg);

Was held an extraordinary general meeting of the shareholders (the "Meeting") of "VERSAILLES III", a partnership

limited by shares (société en commandite par actions), incorporated under the laws of Luxembourg in the form of an
investment company with variable capital (société d'investissement à capital variable) qualifying as a specialised investment
fund (fond d'investissement spécialisé), subject to the law of February 13, 2007 on specialized investment funds, as amen-
ded, established and having its registered office in L-2163 Luxembourg, 40, avenue Monterey, registered with the
Luxembourg Trade and Companies Register, section B, under number 149198 (the "Company"), incorporated pursuant
to a deed of Me Henri HELLINCKX, notary residing in Luxembourg, on October 14, 2009, published in the Mémorial C,
Recueil des Sociétés et Associations, number 2294 of November 24, 2009.

The Meeting is declared opened at 11:00 a.m., under the chair of Mr. Philippe PIRSON, employee, professionally residing

in Luxembourg, who appointed as secretary Ms. Mai TRUONG, employee, professionally residing in Luxembourg.

The Meeting elected Mr. Christian DOSTERT, employee, professionally residing in Luxembourg, as scrutineer.
The board of the Meeting having thus been constituted, the Chairman declares and requests the notary to act:
I. That the shareholders present or represented and the number of shares held by each of them are shown on an

attendance list. That list and proxies, signed by the appearing persons and the notary, shall remain here annexed to be
registered with the minutes;

II. That a first extraordinary general meeting of shareholders of the Company, which has been convened for April 12,

2013, couldn't deliberate on the agenda as the required majority was not reached;

III. That in consequence the present Meeting has been convened by registered mail containing the agenda on April 23,

2013, as all the shares are registered shares;

IV. That the agenda of the Meeting is the following:

Agenda

I. Approval of the following amendments to the articles of incorporation of the Company (the "Articles"):

1. Amendment of Article 2. "Registered Office". Insertion of a new second paragraph to Article 2 of the Articles, so

as to specify that the General Partner is authorized to transfer the registered office of the Company within the City of
Luxembourg, to read as follows:

"The General Partner is authorized to transfer the registered office of the Company within the City of Luxembourg'"

2. Amendment of Article 5. "Share capital - Classes of Shares".
2.1. Insertion of a new fourth paragraph to Article 5 of the Articles, so as to authorise the General Partner to change

the characteristics of any Class of Shares, to read as follows:

"The General Partner may, at its discretion, decide to change the characteristics of any Class of Shares, as described

in the Issue Document, in accordance with the procedures determined by the General Partner from time to time and
subject to the approval of the Commission de surveillance du secteur financier."

2.2. Amendment of the sixth paragraph of Article 5 of the Articles, subsequently to the foregoing, as follows
"The General Partner shall establish a portfolio of assets constituting a sub-fund (each a "Sub-Fund" and together the

"Sub-Funds") for one Class of Shares or for multiple Classes of Shares in the manner described in Article 12 hereof. As
between shareholders, each portfolio of assets relating to a Sub-Fund shall be invested for the exclusive benefit of the
relevant Class or Classes of Shares comprising such Sub-Fund, subject to the specifics relating to Classes of Shares being
tracking shares, if any, within a specific Sub-Fund as further described below and in the Issue Document"'

2.3. Insertion of a new tenth paragraph to Article 5 of the Articles to reflect the possibility for the General Partner to

create so-called tracking shares, to read as follows:

"The General Partner may, for the Class(es) of Shares comprising a Sub-Fund, identify the relevant portfolio of assets

constituting the portfolio investment of such Class(es) of Shares to which this/these Class(es) of Shares relate(s) and the
performance of which they will reflect (each a "Pool of Assets "), as further described in the Issue Document, and to
which all liabilities deriving therefore are attributed insofar satisfied out of the relevant Pool of assets. The allocation of
a Pool of Assets to a specific Class of Shares shall be made at the discretion of the General Partner. As between share-
holders, each Pool of Assets shall be invested exclusively for the benefit of the relevant Class of Shares to which it relates'"

78302

U X E M B O U R G

3. Amendment of Article 8. "Issue of Shares".
3.1. Amendment of the first paragraph of Article 8 of the Articles, subsequently to the creation of so-called tracking

shares, as follows:

"Within each Sub-Fund, the General Partner is authorized without limitation to issue an unlimited number of fully paid

up Shares at any time without reserving to the existing shareholders a preferential right to subscribe for the Shares to
be issued. The Ordinary Shares issued within the Classes of Shares comprising a Sub-Fund may be tracking shares reflecting
the performance of a specific Pool of Assets, as authorized by Article 5 above and as further described in the Issue
Document'"

3.2. Insertion of a new fourth paragraph to Article 8 of the Articles, to reflect the possibility for the General Partner

to receive payments for subscription in full or in part on a given date, to read as follows:

"Payments for the relevant Shares shall be made in whole on a subscription day and/or or any other date (a "Capital

Call Date "), unless otherwise provided for by the General Partner for a Class of Shares or a Sub-Fund in the Issue
Document, and under the terms and conditions as determined by the General Partner and as indicated and more fully
described in the Issue Document. The modes of payment in relation to such subscriptions shall be determined by the
General Partner and specified and more fully described in the Issue Document."

3.3. Insertion of new sixth to seventeenth paragraphs to Article 8 of the Articles, to reflect the treatment of Defaulting

Shareholders (as defined below), to read as follows:

"Any investor/Limited Shareholder failing to subscribe and pay for Ordinary Shares on the relevant Subscription Day

and as requested by the General Partner on a Capital Call Date in respect of its Commitment (as defined in the Issue
Document), may qualify as a defaulting investor or, as appropriate, a "Defaulting Shareholder " at the discretion of the
General Partner and in accordance with the terms of its subscription agreement with the Company.

Investor's default: an investor in default of subscribing and paying for the Ordinary Shares committed to, as required

by the General Partner, will be liable, at the discretion of the General Partner, to pay damages to the relevant Sub-Fund
up to 50% of the Commitment of such Defaulting Investor. In addition, the General Partner may, on behalf of the relevant
Sub-Fund, offer the non-Defaulting Investors of such Sub-Fund the right to subscribe for the Ordinary Shares of the
Defaulting Investor and decide that the Defaulting Investor shall have no right to subscribe for additional Ordinary Shares
of the relevant Sub-Fund.

If the General Partner decides to terminate the offering in accordance with the provisions with respect to the target

size of the Company (as defined in the Issue Document), the maximum of 50% damages received from the Defaulting
Investors shall be used as follows: (i) to cover all costs and expenses incurred by the Company from its incorporation to
the date of its liquidation with respect to the relevant Sub-Fund; (ii) thereafter, to cover all costs and expenses incurred
by the General Partner in the organisation of the Company, the relevant Sub-Fund and their structure and in the com-
mercialisation of the Ordinary Shares; and (iii) any remaining sums shall be distributed among the non-Defaulting
Shareholders of such Sub-Fund pro rata to their respective Commitments.

Shareholder's default: the General Partner may, in its sole discretion, waive or permit the cure of the condition causing

such default subject to such conditions upon which the General Partner and such Defaulting Shareholder may agree.

If the General Partner waives the condition causing the Default or allows the cure of the default, the portion of

Unfunded Commitments (as defined in the Issue Document) on the relevant Subscription Day and/or Capital Call Date
of the Defaulting Shareholder within the relevant Sub-Fund may, at the discretion of the General Partner, be subject to
interest (the "Default Interest") without further notice at an interest rate as mentioned in the Issue Document. The
Default Interest shall be calculated on the basis of the actual number of days elapsed between the relevant Subscription
Day and/or Capital Call Date (inclusive) of the relevant Sub-Fund and the relevant date (exclusive) on which the default
has been cured.

The Defaulting Shareholder may, at the discretion of the General Partner and unless the default has been waived or

cured (including the payment of the Default Interest) and accepted by the General Partner, not be allowed to make any
additional subscription and/or payments in the relevant Sub-Fund, other than those required above, even with respect to
a new Closing (as defined in the Issue Document).

Unless the default has been waived or cured (including the payment of the Default Interest) and accepted by the

General Partner, all the Ordinary Shares registered in the name of the Defaulting Shareholder within the relevant Sub-
Fund may, at the discretion of the General Partner, automatically become default Ordinary Shares (the "Default Shares
"). Default Shares have their voting rights suspended and do not carry any rights to dividends or distribution until the final
distribution upon liquidation of the Sub-Fund, respectively the Company, and the Defaulting Shareholder shall, at such
time, receive, upon liquidation (provided sufficient proceeds are available for distribution) a percentage figure of the
liquidation proceeds corresponding to a given percentage of its Paid-in Commitments (as defined in the Issue Document)
less a given percentage as mentioned in the Issue Document as damages and as increased by any administrative or other
charges as levied by such Sub-Fund, respectively by the Company, related to the additional burden of special administration
of its default account.

The Company may furthermore bring a legal action against the Defaulting Shareholder based on breach of its sub-

scription agreement with the Company.

78303

U X E M B O U R G

The General Partner may request the Defaulting Shareholder to transfer, at a price equal to 50% of the net asset value

(as defined below) of the relevant Ordinary Shares, its Unfunded Commitments as well as the Outstanding Commitments
(as defined in the Issue Document) to any other Limited Shareholder who will undertake to, as the case may be, subscribe
and/or pay for the Unfunded Commitments of the Defaulting Shareholder as well as for the amount of the Outstanding
Commitments of the Defaulting Shareholder within the relevant Sub-Fund.

In case no Limited Shareholders would undertake the foregoing, the General Partner may request the Defaulting

Shareholder to transfer, at the price mentioned above, the Unfunded Commitments as well as the Outstanding Com-
mitments of the Defaulting Shareholder within such Sub-Fund to any third party qualifying as an Eligible Investor, which
will undertake to subscribe and/or pay for (i) the Unfunded Commitments of the Defaulting Shareholder, (ii) the amount
of the Outstanding Commitments of the Defaulting Shareholder within the relevant Sub-Fund and (iii) the Default Interest
resulting from the Defaulting Shareholder's default. The General Partner may also, depending on the circumstances, decide
that it will undertake these Unfunded and Outstanding Commitments and/or that the dividends received on the Default
Shares may be reinvested.

The General Partner may also decide that the Company will redeem the relevant Default Shares at a price equal to

50% of their net asset value.

In addition, the General Partner may, at its discretion, decide to cancel any Outstanding Commitments (whether of

Defaulting Shareholders or non-Defaulting Shareholders) in compliance with the principle of equal treatment."

4. Amendment of Article 9. "Redemption of Shares".
4.1. Amendment of the fourth paragraph of Article 9 of the Articles, to enable the General Partner to provide another

redemption price than the net asset value per Share of the relevant Class, as follows:

"Unless otherwise provided for a specific Sub-Fund in the Issue Document, the redemption price shall be equal to the

net asset value per Share of the relevant Class, as determined in accordance with the provisions of Article 12 hereof, less
such charges and commissions (if any) at the rate provided by the Issue Document. The relevant redemption price may
be rounded up or down to the nearest unit of the relevant currency as the General Partner shall determine."

4.2. Insertion of new sixth and seventh paragraphs to Article 9 of the Articles, to reflect the circumstances under which

shares may be compulsorily redeemed, to read as follows:

"Ordinary Shares shall be compulsory redeemed if the shareholder ceases to be or is found not to be an Eligible

Investor.

Ordinary Shares may also be redeemed in other circumstances, as provided for in the Issue Document."
4.3. Amendment of the ninth paragraph of Article 9 of the Articles, to clarify the circumstances under which a valuation

report from the independent auditor of the Company is needed in case of redemption of shares, as follows:

"The Company shall have the right, if the General Partner so determines, and subject to the obligation to deliver a

valuation report from the independent auditor of the Company ("réviseur d'entreprises agréé"), if applicable as per
regulatory requirement in accordance with Article 26.1 of the Law of 10 August 1915 on commercial companies as
amended (the "Law of 1915"), to satisfy payment of the redemption price to any Limited Shareholder who agrees, in
specie by allocating to the holder investments from the portfolio of assets set up in connection with such Class or Classes
of Ordinary Shares equal in value (determined in the manner described in Article 12) as of the Redemption Day, as of
which the redemption price is determined, to the value of the Ordinary Shares to be redeemed. The nature and type of
assets to be transferred in such case shall be determined on a fair and reasonable basis and without prejudicing the
interests of the other Limited Shareholders of the relevant Class or Classes of Ordinary Shares and the valuation used
shall be confirmed by a special report of the auditor of the Company. The costs of any such transfers shall be borne by
the transferee'"

4.4. Insertion of new eleventh and twelfth paragraphs to Article 9 of the Articles, to reflect the consequences of a net

asset value per share below zero Euro (EUR 0.-), to read as follows:

"If the net asset value per Share is equal to zero Euro (EUR 0.-), the Shareholder may not recover his/her/its Funded

Commitment but will not be liable beyond this amount.

If the net asset value per Share is below zero Euro (EUR 0.-), the Company may enforce the Shareholder's Unfunded

Commitment and/or Outstanding Commitment to pay the Company's debts'"

5. Amendment of Article 12. "Calculation of the Net Asset Value per Share".
5.1. Insertion of new third paragraph to Article 12 of the Articles, to take into consideration the existence of so-called

tracking shares, to read as follows:

"Each Class of Shares participates in a Sub-Fund according to the portfolio, and as the case may be, its Pool of Assets

in case of tracking shares, and distribution entitlements attributable to such Class of Shares. The value of the total portfolio,
and as the case may be, of the total Pool of Assets, and distribution entitlements attributed to a particular Class of Shares
at close of business as of the Valuation Day on which the Net Asset Value of the Shares is determined less the liabilities
relating to that Class of Shares as of such Valuation Day represent the total net assets of that Class of Shares as of such
Valuation Day''

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5.2. Amendment of the firth sentence of the first paragraph of section "III. The liabilities of the Company shall include

(without limitation):" of Article 9 of the Articles, to take into consideration the existence of so-called tracking shares, to
read as follows:

"The General Partner shall establish for each Sub Fund a portfolio of assets, as appropriate a Pool of Assets for each

Class of Shares comprising a Sub-Fund in the following manner:"

6. Amendment of Article 13. "Frequency and Temporary Suspension of Calculation of Net Asset Value per Share, of

Issue, Conversion and Redemption of Shares". Insertion of new (vii) and (viii) indents to the second paragraph of Article
13 of the Articles, to add circumstances under which the General Partner may temporarily suspend the determination
of the net asset value per share of any particular class or of any particular sub-fund of the Company and the issue,
redemption and conversion of shares, to read as follows:

"(vii) upon the closure of a Sub-Fund further to a decision of (i) the general meeting of shareholders or (ii) the General

Partner; and/or

(viii) otherwise as provided in the Issue Document''

7. Amendment of Article 17. "Investment Policies and Restrictions". Insertion of a new second paragraph to Article

17 of the Articles, to reflect the possibility of cross investments between sub-fund of the Company, to read as follows:

"Each Sub-Fund may invest in shares of other Sub-Funds to the extent permitted and at the conditions provided in the

Law of2007."

8. Amendment of Article 18. "Conflict of Interest". Deletion of the first paragraph and insertion of new third and fourth

paragraphs to Article 18 of the Articles, to clarify the conflicts of interest policy, to read as follows:

"The foregoing provisions are not applicable where the decisions of the board of managers of the General Partner

relate to day-to-day transactions that are entered into on an arm's length basis.

A conflict of interest policy has been put in place within the Company. Any situation in which a conflict of interest may

arise within the Company will be managed in compliance with such conflict of interest policy'"

9. Amendment of Article 20. "General Meetings of Shareholders of the Company". Amendment of the last paragraph

of Article 20 of the Articles, for consistency purposes with the first paragraph of same Article, as follows:

"Unless otherwise provided by law or herein, resolutions of the general meeting are passed by a simple majority vote

of the shareholders present or represented and voting at the meeting, and the consent of the General Partner'"

10. Amendment of Article 22. "Termination of Sub-Funds or Classes of Shares and Merger of Sub-Funds". Insertion

of new last paragraph to Article 22 of the Articles, to clarify that the liquidation of the last remaining sub-fund will result
in the liquidation of the Company, to read as follows:

"The liquidation of the last remaining Sub-Fund will result in the liquidation of the Company'"
II. Various amendments of the Articles for consistency, clarity and typographic purposes as reflected in the draft Articles

as available upon request at the registered office of the Company.

III. Miscellaneous.
V. That it appears from the attendance list mentioned that out of one (1) General Partner Share and 9,966.244 Ordinary

Shares in issue, one (1) General Partner Share and no Ordinary Shares are present or represented at the Meeting and in
consideration of the agenda and the provisions of Article 28 of the Articles, the Meeting is validly constituted and is
therefore authorized to take valid resolutions.

Then the Meeting, after deliberation, took unanimously the following resolutions:

First resolution

The Meeting decides to approve the amendments of to the Articles as set out under point (I) 1. to 10. of the Meeting's

agenda above and to subsequently modify the relevant Articles of the Articles and to give them the wordings as reproduced
here before in the said agenda.

Second resolution

The Meeting decides to approve the amendment of the Articles for consistency, clarity and typographic purposes, to

read as follows:

Title I. Name - Registered office - Duration - Purpose

Art. 1. Name. There exists among the subscribers and all those who may become owners of shares hereafter issued,

a company in the form of a société en commandite par actions, with variable share capital, qualifying as a specialized
investment fund ("SIF") under the law of February 13, 2007 relating to specialized investment funds, as amended (the "Law
of 2007"), under the name of "VERSAILLES III" (hereinafter the "Company").

Art. 2. Registered Office. The registered office of the Company is established in Luxembourg; branches and subsidiaries

or other offices may be established either in the Grand Duchy of Luxembourg or abroad (but in no event in the United
States of America, its territories or possessions) by a decision of the General Partner (as defined below).

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The General Partner is authorized to transfer the registered office of the Company within the City of Luxembourg.
In the event that the General Partner determines that extraordinary political, military or environmental events have

occurred or are imminent which would interfere with the normal activities of the Company at its registered office or
with the ease of communication between such office and persons abroad, the registered office may be temporarily
transferred abroad until the complete cessation of these abnormal circumstances; such provisional measures shall have
no effect on the nationality of the Company which, notwithstanding such temporary transfer, shall remain a Luxembourg
corporation.

Art. 3. Duration. The Company is established for an unlimited period of time.

Art. 4. Purpose. The exclusive object of the Company is to invest the funds available to it in a portfolio of assets, within

the widest meaning permitted by the Law of 2007, with the aim of spreading the investment risks and providing to its
shareholders the results of management of its assets.

The Company may take any measures and carry out any transaction which it may deem useful for the fulfilment and

development of its purpose to the largest extent permitted under the Law of 2007.

Title II. Share capital - Shares - Net asset value

Art. 5. Share Capital - Classes of Shares. The share capital of the Company shall be represented by fully paid up shares

(the "Shares") of no par value and shall at any time be equal to the total net assets of the Company pursuant to Article
12 hereof. The subscribed share capital of the Company, increased by the share premium (if any), shall not be less than
the minimum provided for by the Law of 2007, i.e. currently one million two hundred fifty thousand Euros (EUR
1,250,000.-).

The share capital of the Company shall be represented by the following classes of Shares (the "Classes of Shares"):
(i) the "General Partner Share Class": Share subscribed by the General Partner, as unlimited shareholder (associé

gérant commandité) of the Company;

(ii) the "Ordinary Shares Class(es)": Shares, which may be of different Classes as may be provided in the offering

document relating to the Ordinary Shares of the Company, as may be amended from time to time (the "Issue Document"),
and which shall be subscribed by any person or entity approved by the General Partner as holder(s) of Ordinary Shares
and as limited shareholders (actionnaires commanditaires) - the "Limited Shareholders" - with the specific features, for
each Class of Ordinary Shares, as further described in the Issue Document.

The Classes of Shares may, as the General Partner shall determine, be of one or more different series, the features,

terms and conditions of which shall be established by the General Partner and disclosed in the Issue Document.

The General Partner may, at its discretion, decide to change the characteristics of any Class of Shares, as described

in the Issue Document, in accordance with the procedures determined by the General Partner from time to time and
subject to the approval of the Commission de surveillance du secteur financier.

The proceeds of the issue of each Class of Shares shall be invested in a portfolio of assets, within the widest meaning

permitted by the Law of 2007 pursuant to the investment policy determined by the General Partner for each Sub-Fund
(as defined hereinafter) established in respect of the relevant Class or Classes of Shares, subject to the investment
restrictions provided by the Law of 2007 and applicable regulations or determined by the General Partner.

The General Partner shall establish a portfolio of assets constituting a sub-fund (each a "Sub-Fund" and together the

The Company shall be considered as one single legal entity. However, with regard to third parties, in particular towards

the Company's creditors, each Sub-Fund shall be exclusively responsible for all liabilities attributable to it.

The General Partner may create each Sub-Fund for an unlimited or limited period of time; in the latter case, the General

Partner may, at the expiry of the initial period of time, prorogue the duration of the relevant Sub-Fund once or several
times. At the expiry of the duration of a Sub-Fund, the Company shall redeem all the Shares in the relevant Class(es) of
Shares, in accordance with Article 9 below, notwithstanding the provisions of Article 22 below. In respect of the rela-
tionships between the shareholders, each Sub-Fund is treated as a separate entity.

At each prorogation of a Sub-Fund, the registered shareholders shall be duly notified in writing, by a notice sent to

their registered address as recorded in the register of Shares of the Company. The Issue Document shall indicate the
duration of each Sub-Fund and, if appropriate, its prorogation.

The General Partner may, for the Class(es) of Shares comprising a Sub-Fund, identify the relevant portfolio of assets

constituting the portfolio investment of such Class(es) of Shares to which this/these Class(es) of Shares relate(s) and the
performance of which they will reflect (each a "Pool of Assets"), as further described in the Issue Document, and to which
all liabilities deriving therefore are attributed insofar satisfied out of the relevant Pool of assets. The allocation of a Pool
of Assets to a specific Class of Shares shall be made at the discretion of the General Partner. As between shareholders,
each Pool of Assets shall be invested exclusively for the benefit of the relevant Class of Shares to which it relates.

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U X E M B O U R G

For the purpose of determining the share capital of the Company, the net assets attributable to each Class of Shares

shall, if not expressed in EUR, be converted into EUR and the share capital shall be the total of the net assets of all the
Classes of Shares.

Art. 6. Eligible status of Investors. Ordinary Shares may only be subscribed and held by well-informed investors (the

"Eligible Investors"), being, in compliance with the provisions of the Law of 2007,(i) any institutional investor, (ii) any
professional investor, or (iii) any other investor who meets the following conditions:

a) he/she/it has confirmed in writing that he/she/it adheres to the status of well-informed investor, and
b) he/she/it invests a minimum of 125,000 Euros in the specialised investment fund; or
c) he/she/it has been the subject of an assessment made by a credit institution within the meaning of Directive 2006/48/

EC, by an investment firm within the meaning of Directive 2004/39/EC or by a management company within the meaning
of Directive 2001/107/EC certifying his/her/its expertise, his/her/its experience and his/her/its knowledge in adequately
apprising an investment in the specialised investment fund.

These restrictions are not applicable to the managers, directors and other persons involved in the management of the

Company, in accordance with the provisions of the Law of 2007.

The General Partner or, as the case may be the persons/entities appointed by the General Partner to receive sub-

scription orders for Ordinary Shares, may request all information and documents required or necessary in order to assess
the status as Eligible Investor of an investor.

The Company will not give effect to any transfer of Ordinary Shares to an investor who does not comply with the

above provisions of this Article.

Art. 7. Form of Shares.
(1) Shares shall be issued in registered book-entry form only. All issued registered Shares shall be registered in the

register of shareholders which shall be kept by the Company or by one or more persons designated thereto by the
Company, and such register shall contain the name of each owner of record of registered Shares, its registered office as
indicated to the Company, the number of registered Shares held by the owner of record and the amount paid up on each
fractional Share.

The inscription of the shareholder's name in the register of shareholders evidences the shareholder's right of ownership

on such registered Shares. The Company shall decide whether a certificate for such inscription shall be delivered to the
shareholder or whether the shareholder shall receive a written confirmation of his shareholding. Global certificates may
also be issued at the discretion of the General Partner.

(2) Within the limitations foreseen in the Issue Document, the transfer of registered Shares shall be effected, upon

prior approval of the General Partner, (i) if share certificates have been issued, upon delivering the certificate or certificates
representing such Shares to the Company along with other instruments of transfer satisfactory to the Company and (ii)
if no share certificates have been issued, by a written declaration of transfer to be inscribed in the register of shareholders,
dated and signed by the transferor and transferee, or by persons holding suitable powers of attorney to act therefore.
Any transfer of registered Shares shall be entered into the register of shareholders; such inscription shall be signed by
one or more managers or officers of the General Partner or by one or more other persons duly authorized thereto by
the General Partner.

(3) Shareholders entitled to receive registered Shares shall provide the Company with an address to which all notices

and announcements may be sent. Such address will also be entered into the register of shareholders.

In the event that a shareholder does not provide an address, the Company may permit a notice to this effect to be

entered into the register of shareholders and the shareholder's address will be deemed to be at the registered office of
the Company, or at such other address as may be so entered into by the Company from time to time, until another
address shall be provided to the Company by such shareholder. A shareholder may, at any time, change the address as
entered into the register of shareholders by means of a written notification to the Company at its registered office, or
at such other address as may be set by the Company from time to time.

(4) The Company recognizes only one single owner per Share. If one or more Shares are jointly owned or if the

ownership of Shares is disputed, all persons claiming a right to such Share(s) have to appoint one single attorney to
represent such Share(s) towards the Company. The failure to appoint such attorney implies a suspension of the exercise
of all rights attached to such Shares.

(5) The Company may decide to issue fractional Shares. Such fractional Shares shall not be entitled to vote but shall

be entitled to participate in the net assets attributable to the relevant Class of Shares on a pro rata basis.

Art. 8. Issue of Shares. Within each Sub-Fund, the General Partner is authorized without limitation to issue an unlimited

number of fully paid up Shares at any time without reserving to the existing shareholders a preferential right to subscribe
for the Shares to be issued. The Ordinary Shares issued within the Classes of Shares comprising a Sub-Fund may be
tracking shares reflecting the performance of a specific Pool of Assets, as authorized by Article 5 above and as further
described in the Issue Document.

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U X E M B O U R G

The General Partner may impose restrictions on the frequency at which Shares shall be issued in any Class of Shares;

the General Partner may, in particular, decide that Shares of any Class shall only be issued during one or more offering
periods or at such other periodicity as provided for in the Issue Document.

Unless provided for a specific Sub-Fund in the Issue Document, whenever the Company offers Shares for subscription,

the price per Share at which such Shares are offered shall be the net asset value per Share of the relevant Class as
determined in compliance with Article 12 hereof as of such Valuation Day (as defined hereinafter) as is determined in
accordance with such policy as the General Partner may from time to time determine. Such price may be increased by a
percentage estimate of costs and expenses to be incurred by the Company when investing the proceeds of the issue and
by applicable sales commissions, as approved from time to time by the General Partner.

Payments for the relevant Shares shall be made in whole on a subscription day and/or or any other date (a "Capital

Call Date"), unless otherwise provided for by the General Partner for a Class of Shares or a Sub-Fund in the Issue
Document, and under the terms and conditions as determined by the General Partner and as indicated and more fully
described in the Issue Document. The modes of payment in relation to such subscriptions shall be determined by the
General Partner and specified and more fully described in the Issue Document.

The General Partner may delegate to any manager, officer or other duly authorized agent the power to accept sub-

scriptions, to receive payment of the price of the new Shares to be issued and to deliver them.

Any investor/Limited Shareholder failing to subscribe and pay for Ordinary Shares on the relevant Subscription Day

and as requested by the General Partner on a Capital Call Date in respect of its Commitment (as defined in the Issue
Document), may qualify as a defaulting investor or, as appropriate, a "Defaulting Shareholder" at the discretion of the
General Partner and in accordance with the terms of its subscription agreement with the Company.

Investor's default: an investor in default of subscribing and paying for the Ordinary Shares committed to, as required

If the General Partner decides to terminate the offering in accordance with the provisions with respect to the target

Shareholder's default: the General Partner may, in its sole discretion, waive or permit the cure of the condition causing

such default subject to such conditions upon which the General Partner and such Defaulting Shareholder may agree.

If the General Partner waives the condition causing the Default or allows the cure of the default, the portion of

The Defaulting Shareholder may, at the discretion of the General Partner and unless the default has been waived or

Unless the default has been waived or cured (including the payment of the Default Interest) and accepted by the

General Partner, all the Ordinary Shares registered in the name of the Defaulting Shareholder within the relevant Sub-
Fund may, at the discretion of the General Partner, automatically become default Ordinary Shares (the "Default Shares").
Default Shares have their voting rights suspended and do not carry any rights to dividends or distribution until the final
distribution upon liquidation of the Sub-Fund, respectively the Company, and the Defaulting Shareholder shall, at such
time, receive, upon liquidation (provided sufficient proceeds are available for distribution) a percentage figure of the
liquidation proceeds corresponding to a given percentage of its Paid-in Commitments (as defined in the Issue Document)
less a given percentage as mentioned in the Issue Document as damages and as increased by any administrative or other
charges as levied by such Sub-Fund, respectively by the Company, related to the additional burden of special administration
of its default account.

The Company may furthermore bring a legal action against the Defaulting Shareholder based on breach of its sub-

scription agreement with the Company.

The General Partner may request the Defaulting Shareholder to transfer, at a price equal to 50% of the net asset value

(as defined below) of the relevant Ordinary Shares, its Unfunded Commitments as well as the Outstanding Commitments

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U X E M B O U R G

(as defined in the Issue Document) to any other Limited Shareholder who will undertake to, as the case may be, subscribe
and/or pay for the Unfunded Commitments of the Defaulting Shareholder as well as for the amount of the Outstanding
Commitments of the Defaulting Shareholder within the relevant Sub-Fund.

In case no Limited Shareholders would undertake the foregoing, the General Partner may request the Defaulting

The General Partner may also decide that the Company will redeem the relevant Default Shares at a price equal to

50% of their net asset value.

In addition, the General Partner may, at its discretion, decide to cancel any Outstanding Commitments (whether of

Defaulting Shareholders or non-Defaulting Shareholders) in compliance with the principle of equal treatment.

The General Partner may agree to issue Shares as consideration for a contribution in kind of securities or assets, in

compliance with the conditions set forth by Luxembourg law, in particular the obligation to deliver a valuation report
from the independent auditor of the Company ("réviseur d'entreprises agréé") and provided that such securities comply
with the investment objectives and policies of the relevant Sub¬Fund.

Art. 9. Redemption of Shares. Unless provided for a specific Sub-Fund in the Issue Document, any Limited Shareholder

may at any time require the redemption of all or part of his/her/its Ordinary Shares by the Company, under the terms
and procedures set forth by the General Partner in the Issue Document and within the limits provided by law and these
articles of incorporation.

The General Partner may impose restrictions on the frequency at which Ordinary Shares may be redeemed in any

Class of Ordinary Shares; the General Partner may, in particular, decide that Ordinary Shares of any Class shall only be
redeemed as of such Valuation Days (each a "Redemption Day" and together the "Redemption Days") as provided for in
the Issue Document.

The redemption price per Ordinary Share shall be paid within a period as determined by the General Partner, as

described in further details in the Issue Document; provided that the transfer documents have been received by the
Company, subject to the provisions of Article 13 hereof.

Unless otherwise provided for a specific Sub-Fund in the Issue Document, the redemption price shall be equal to the

If as a result of any request for redemption, the number or the aggregate net asset value of the Ordinary Shares held

by any Limited Shareholder in any Class of Ordinary Shares would fall below such number or such value as determined
by the General Partner, then the Company may decide that this request be treated as a request for redemption for the
full balance of such Limited Shareholder's holding of Ordinary Shares in such Class.

Ordinary Shares shall be compulsory redeemed if the shareholder ceases to be or is found not to be an Eligible Investor.
Ordinary Shares may also be redeemed in other circumstances, as provided for in the Issue Document.
Further, if on any given Redemption Day, redemption requests pursuant to this Article and conversion requests pur-

suant to Article 10 hereof exceed a certain level determined by the General Partner in relation to the number or value
of Ordinary Shares in issue in a specific Class, the General Partner may decide that all or part, on a pro rata basis for
each Limited Shareholder asking for the redemption of his/her/its Ordinary Shares, of such requests for redemption or
conversion will be deferred for a period and in a manner that the General Partner considers to be in the best interest of
the Company. On the next Redemption Day following that period, these redemption and conversion requests will be
met in priority to later requests.

The Company shall have the right, if the General Partner so determines, and subject to the obligation to deliver a

valuation report from the independent auditor of the Company ('réviseur d'entreprises agréé"), if applicable as per re-
gulatory requirement in accordance with Article 26.1 of the Law of 10 August 1915 on commercial companies as amended
(the "Law of 1915"), to satisfy payment of the redemption price to any Limited Shareholder who agrees, in specie by
allocating to the holder investments from the portfolio of assets set up in connection with such Class or Classes of
Ordinary Shares equal in value (determined in the manner described in Article 12) as of the Redemption Day, as of which
the redemption price is determined, to the value of the Ordinary Shares to be redeemed. The nature and type of assets
to be transferred in such case shall be determined on a fair and reasonable basis and without prejudicing the interests of
the other Limited Shareholders of the relevant Class or Classes of Ordinary Shares and the valuation used shall be
confirmed by a special report of the auditor of the Company. The costs of any such transfers shall be borne by the
transferee.

All redeemed Ordinary Shares may be cancelled.

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U X E M B O U R G

If the net asset value per Share is equal to zero Euro (EUR 0.-), the Shareholder may not recover his/her/its Funded

Commitment but will not be liable beyond this amount.

If the net asset value per Share is below zero Euro (EUR 0.-), the Company may enforce the Shareholder's Unfunded

Commitment and/or Outstanding Commitment to pay the Company's debts.

Art. 10. Conversion of Shares. Unless otherwise determined by the General Partner for certain Classes of Shares

within certain Sub-Funds, any shareholder is entitled to require the conversion of whole or part of his/her/its Shares of
one Class into Shares of another Class, subject to such restrictions as to the terms, conditions and payment of such
charges and commissions as the General Partner shall determine.

The price for the conversion of Shares shall be computed by reference to the respective net asset value of Shares

within the relevant Class, determined as of the relevant Redemption Day.

If as a result of any request for conversion the number or the aggregate net asset value of the Shares held by any

shareholder in Class of Shares would fall below such number or such value as determined by the General Partner, then
the Company may decide that this request be treated as a request for conversion for the full balance of such shareholder's
holding of Shares in such Class.

The Shares which have been converted into Shares of the same Class within another Sub-Fund may be cancelled.

Art. 11. Restrictions on Ownership of Shares. The Company may restrict or prevent the ownership of Ordinary Shares

in the Company by any person, firm or corporate body, if in the opinion of the Company such holding may be detrimental
to the Company, if it may result in a breach of any law or regulation, whether Luxembourg or foreign, or if as a result
thereof the Company may become exposed to tax disadvantages or other financial disadvantages that it would not have
otherwise incurred, as may be further described in the Issue Document. Specifically but without limitation, the Company
may restrict the ownership of Ordinary Shares in the Company by any U.S. Person, as defined in this Article (such persons,
firms or corporate bodies to be determined by the General Partner being herein referred to as "Prohibited Persons").

For such purposes the Company may:
A.- decline to issue any Ordinary Shares and decline to register any transfer of Ordinary Shares, where it appears to

it that such registry or transfer would or might result in legal or beneficial ownership of such Ordinary Shares by a
Prohibited Person; and

B.- at any time require any person whose name is entered in, or any person seeking to register the transfer of Ordinary

Shares on the register of shareholders, to furnish it with any information, supported by affidavit, which it may consider
necessary for the purpose of determining whether or not beneficial ownership of such Ordinary Shares rests in a Pro-
hibited Person, or whether such registry will result in beneficial ownership of such Ordinary Shares by a Prohibited Person;
and

C.- decline to accept the vote of any Prohibited Person, at any general meeting of shareholders of the Company; and
D.- where it appears to the Company that any Prohibited Person, either alone or in conjunction with any other person

is a beneficial owner of Ordinary Shares, direct such Limited Shareholder to sell his/her/its Ordinary Shares and to provide
to the Company evidence of the sale within thirty (30) days of the notice."Prohibited Person" as used herein does neither
include any subscriber to Ordinary Shares of the Company issued in connection with the incorporation of the Company
while such subscriber holds such Ordinary Shares nor any securities dealer who acquires Ordinary Shares with a view
to their distribution in connection with an issue of Ordinary Shares by the Company.

U.S. Persons as defined in this Article may constitute a specific category of Prohibited Persons.
Where it appears to the Company that any Prohibited Person is a U.S. Person, who either alone or in conjunction

with any other person is a beneficial owner of Ordinary Shares, the Company may compulsorily redeem or cause to be
redeemed from any Limited Shareholder all Ordinary Shares held by such Limited Shareholder without delay. In such
event, Clause D (1) here above shall not apply.

Whenever used in these articles of incorporation, the terms "U.S. Person" means (i) a corporation or partnership or

other entity created or organised in the United States or under the laws of the United States or any state thereof; (ii) a
trust where (a) a U.S. court is able to exercise primary jurisdiction over the trust and (b) one or more U.S. fiduciaries
have the authority to control all substantial decisions of the trust and (iii) an estate (a) which is subject to U.S. tax on this
worldwide income from all sources; or (b) for which any U.S. Person acting as executor or administrator has sole in-
vestment discretion with respect to the assets of the estate and which is not governed by foreign law. The term "U.S.
person" also means any entity organised principally for passive investment such as a commodity pool, investment company
or other similar entity (other than a pension plan for the employees, officers or principals of any entity organised and
with its principal place of business outside the United States) which has as a principal purpose the facilitating of investment
by a U.S. Person in a commodity pool with respect to which the operator is exempt from certain requirements of part
4 of the United States Commodity Futures Trading Commission by virtue of its participants being non United States
persons. "United States" means the United States of America (including the States and the District of Columbia), its
territories, its possessions and any other areas subject to its jurisdiction.

In addition to any liability under applicable law, each Limited Shareholder who does not qualify as an Eligible Investor,

and who holds Ordinary Shares in the Company, shall hold harmless and indemnify the Company, the General Partner,
the other Limited Shareholders and the Company's agents for any damages, losses and expenses resulting from or con-

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U X E M B O U R G

nected to such holding in circumstances where the relevant Limited Shareholder had furnished misleading or untrue
documentation or had made misleading or untrue representations to wrongfully establish its status as an Eligible Investor
or has failed to notify the Company of its loss of such status.

Art. 12. Calculation of Net Asset Value per Share. The net asset value per Share of each Class of Shares within the

relevant Sub¬Fund shall be calculated, under the responsibility of the General Partner, in the Reference Currency (as
determined in the Issue Document) of the relevant Sub-Fund and, to the extent applicable within a Sub-Fund, expressed
in the unit currency for the relevant Class of Shares within such Sub-Fund.

It shall be determined as of each Valuation Day, by dividing the net assets of the Company attributable to each Class

of Shares within such Sub-Fund, being the value of the portion of assets less the value of the liabilities attributable to such
Class, on any such Valuation Day, by the number of Shares in the relevant Class within the Sub-Fund then outstanding,
in accordance with the valuation rules set forth below.

Each Class of Shares participates in a Sub-Fund according to the portfolio, and as the case may be, its Pool of Assets

The net asset value per Share shall be rounded up or down to the nearest unit of the relevant currency as the General

Partner shall determine.

If since the time of determination of the net asset value there has been a material change in the quotations in the

markets on which a substantial portion of the investments attributable to the relevant Class of Shares are dealt in or are
quoted, the Company may, in order to safeguard the interests of the shareholders and the Company, cancel the first
valuation and carry out a second valuation, in which case all relevant subscription and redemption requests will be dealt
with on the basis of that second valuation.

The calculation of the net asset value of the different Classes of Shares shall be made in the following manner:
I. The assets of the Company shall include (without limitation):
(i) all cash on hand and on deposit, including interest due but not yet collected and interest accrued on these deposits

up to the Valuation Day;

(ii) all bills and demand notes payable and accounts receivable (including the result of the sale of securities whose

proceeds have not yet been received);

(iii) all shares or units in UCIs, all bonds, time notes, certificates of deposit, shares, stock, debentures, debenture stock,

subscription rights, warrants, options and other securities, financial instruments and similar assets owned or contracted
for by the Company (provided that the Company may make adjustments in a manner not inconsistent with paragraph II.
(i) below with regards to fluctuations in the market value of securities caused by trading ex-dividends, ex-rights or by
similar practices);

(iv) all stock dividends, cash dividends and distribution proceeds to be received by the Company in cash or securities

insofar as the Company is aware of such;

(v) all interest accrued on any interest-bearing assets and owned by the Company, unless this interest is included or

reflected in the principal amount of such assets;

(vi) the liquidation value of all forward contracts and all call or put options Company has an open position in;
(vii) the incorporation expenses of the Company, including the cost of issuing and distributing Shares, insofar as they

have not been written off; and

(viii) all other assets of whatever nature, including prepaid expenses.
By way of derogation to the valuation principles mentioned below, the net asset value per Share calculated as at the

end of the fiscal year or the semester will be calculated on the basis of the last prices of the relevant fiscal year or semester.

II. The value of such assets shall be determined as follows:
(i) The value of any cash on hand or on deposit, bills and demand notes and accounts receivable, prepaid expenses,

cash dividends and interest declared or accrued as aforesaid and not yet received is deemed to be the full amount thereof,
unless in any case the same is unlikely to be paid or received in full, in which case the value thereof is arrived at after
making such discount as may be considered appropriate in such case to reflect the true value thereof.

(ii) The value of assets, which are listed or dealt in on any stock exchange, is based on the last available price on the

stock exchange, which is normally the principal market for such assets.

(iii) The value of assets dealt in on any Regulated Market (as defined in the Issue Document) is based on their last

available price.

(iv) In the event that any assets are not listed or dealt in on any stock exchange or on any Regulated Market, or if,

with respect to assets listed or dealt in on any stock exchange, or Regulated Market as aforesaid, the price as determined
pursuant to sub-paragraph (ii) or (iii) is not representative of the fair market value of the relevant assets, the value of
such assets will be based on the reasonably foreseeable sales price determined prudently and in good faith.

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(v) The liquidating value of futures, spot, forward or options contracts not traded on exchanges or on Regulated

Markets will mean their net liquidating value determined, pursuant to the policies established by the General Partner, on
a basis consistently applied for each different variety of contracts. The liquidating value of futures, spot, forward or options
contracts traded on exchanges or on Regulated Markets will be based upon the last available prices of these contracts
on exchanges and Regulated Markets on which the particular futures, spot, forward or options contracts are traded by
the Company; provided that if a futures, spot, forward or options contract could not be liquidated on the day with respect
to which net assets are being determined, the basis for determining the liquidating value of such contract will be such
value as the General Partner may deem fair and reasonable.

(vi) Credit default swaps will be valued at their present value of future cash flows by reference to standard market

conventions, where the cash flows are adjusted for default probability or such other method determined in good faith
by the General Partner if it considers that such valuation better reflects the fair value of the relevant credit default swaps.
Interest rate swaps will be valued at their market value established by reference to the applicable interest rates' curve.
Other swaps will be valued at fair market value as determined in good faith pursuant to the procedures established by
the General Partner and recognised by the independent auditor of the Company.

(vii) Units or shares of open-ended UCIs will be valued at their last official net asset value, as reported or provided by

such UCIs or their agents, or at their unofficial net asset values (i.e. estimates of net asset values) if more recent that
their last official net asset values provided that a due diligence process has been carried out, in accordance with instructions
and under the overall control and responsibility of the General Partner, as to the reliability of such unofficial net asset
values. The net asset value calculated on the basis of unofficial net asset values of target UCIs may differ from the net
asset value which would have been calculated, on the relevant Valuation Day, on the basis of the official net asset values
determined by the administrative agents of the target UCIs. The net asset value is final and binding notwithstanding any
different later determination. Units or shares of closed-ended UCIs shall be valued at their last available stock market
value.

(viii) The value of money market instruments not admitted to official listing on any stock exchange or dealt on any

other Regulated Market and with remaining maturity of less than 12 months and of more than 90 days is deemed to be
the nominal value thereof, increased by any interest accrued thereon. Money market instruments with a remaining ma-
turity of 90 days or less and not traded on any market will be valued by the amortised cost method, which approximates
market value.

(ix) All other securities and other assets will be valued at fair market value as determined in good faith pursuant to

the procedures established by the General Partner.

For the purpose of determining the value of the Company 's assets, the Administrative Agent, having due regards to

the standard of care and due diligence in this respect, may, when calculating the net asset value, completely and exclusively
rely, unless there is manifest error or negligence on its part, upon the valuations provided (i) by various pricing sources
available on the market such as pricing agencies (ie, Bloomberg, Reuters...) or fund administrators..., (ii) by prime brokers
and brokers, or (iii) by (a) specialist(s) duly authorised to that effect by the General Partner. Finally, (iv) in the case no
prices are found or when the valuation may not correctly be assessed, the Administrative Agent may rely upon the
valuation provided by the General Partner, as further described in the Custodian and Services Agreement.

In circumstances where (i) one or more pricing sources fails to provide valuations, which could have a significant impact

on the net asset value, or where (ii) the value of any asset(s) may not be determined as rapidly and accurately as required,
it may occur that the net asset value may not be calculated and, as a result, the subscription, conversion and redemption
prices may not be determined. The General Partner may then decide to suspend the calculation of the net asset value in
accordance with the procedures described below.

Adequate provisions will be made, Sub-Fund by Sub-Fund, for expenses to be borne by each of the Company's Sub-

Funds and off-balance-sheet commitments may possibly be taken into account on the basis of fair and prudent criteria.

The value of all assets and liabilities not expressed in the Base Currency, as defined in the Issue Documents, of a Sub-

Fund will be converted into the Base Currency of such Sub-Fund at rates last quoted by any major bank. If such quotations
are not available, the rate of exchange will be determined in good faith by or under procedures established by the General
Partner.

The General Partner, in its discretion, may permit some other method of valuation to be used if it considers that such

valuation better reflects the fair value of any asset of the Company.

III. The liabilities of the Company shall include (without limitation):
(i) all borrowings, bills matured and accounts due;
(ii) all liabilities known, whether matured or not, including all matured contractual obligations that involve payments

in cash or in kind (including the amount of dividends declared by the Company but not yet paid);

(iii) all reserves, authorized or approved by the General Partner, in particular those that have been built up to reflect

a possible depreciation on some of the Company's assets;

(iv) all of the Company's other liabilities, of whatever nature with the exception of those represented by Shares. To

assess the amount of these other liabilities, the Company shall take into account all expenditures to be borne by it,
including, without any limitation, the incorporation expenses and costs for subsequent amendments to the articles of

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U X E M B O U R G

incorporation, accountant, Custodian (as defined below), Administrative Agent, Paying Agent, as well as the permanent
representatives of the Company in countries where it is subject to registration (if any), the costs for legal assistance and
for the auditing of the Company's annual reports, the advertising costs, the costs of printing and publishing the documents
prepared in order to promote the sale of Shares, the costs of printing the annual and interim financial reports, the costs
of translating (where necessary) the semi-annual report (if any) and accounts, the annual audited report and accounts and
all Issue Documents, the costs of printing confirmations of registration, the cost of convening and holding shareholders'
and the General Partner's board of managers' meetings, reasonable travelling expenses of the board of managers of the
General Partner, the costs of registration statements (and maintaining the registration of the Company with governmental
agencies or stock exchanges to permit the sale of the Shares), all taxes, corporate fees and duties charged by governmental
authorities and stock exchanges, fiscal and governmental charges or duties in respect of or in connection with the ac-
quisition, holding or disposal of any of the assets of the Company or relating to the purchase, sale, issue, transfer,
redemption or conversion of Shares by the Company and of paying dividends or making other distributions thereon, the
costs of publishing the issue and redemption prices as well as any other running costs, including financial interest, fees or
charges payable resulting from any borrowing by the Company, banking and brokerage expenses incurred when buying
or selling assets or otherwise and all other administrative costs. For the valuation of the amount of these liabilities, the
Company shall take into account pro rata temporis the expenses, administrative and other, that occur regularly or
periodically;

(v) the Company constitutes one single legal entity. With regard to third parties, in particular towards the Company's

creditors, each Sub-Fund shall be exclusively responsible for all liabilities attributable to it. The assets, liabilities, expenses
and costs that cannot be allotted to one Sub-Fund will be charged to the different Sub-Funds in equal parts or, as far as
it is justified by the amounts concerned, proportionally to their respective net assets.

IV. The assets shall be allocated as follows:
The General Partner shall establish for each Sub Fund a portfolio of assets, as appropriate a Pool of Assets for each

Class of Shares comprising a Sub-Fund in the following manner:

(i) If multiple Classes of Shares relate to one Sub-Fund, the assets attributable to such Classes of Shares shall be

commonly invested pursuant to the specific investment policy of the Sub-Fund concerned provided however, that within
a Sub-Fund, the General Partner is empowered to define Classes of Shares so as to correspond to (a) a specific distribution
policy, such as entitling to distributions or not entitling to distributions and/or (b) a specific sales and redemption charge
structure and/or (c) a specific management or advisory fee structure, and/or (d) a specific assignment of distribution,
shareholder services or other fees and/or (e) the currency or currency unit in which the Class of Shares may be quoted
and based on the rate of exchange between such currency or currency unit and the Reference Currency of the relevant
Sub-Fund and/or (f) the use of different hedging techniques in order to protect in the Reference Currency of the relevant
Sub-Fund the assets and returns quoted in the currency of the relevant Class of Shares against long-term movements of
their currency of quotation and/or (g) such other features as may be determined by the General Partner from time to
time in compliance with applicable law;

(ii) The proceeds to be received from the issue of Shares of a Class shall be applied in the books of the Company to

the relevant Class of Shares issued in respect of such Sub-Fund, and, as the case may be, the relevant amount shall increase
the proportion of the net assets of such Sub-Fund attributable to the Class of Shares to be issued;

(iii) The assets, liabilities, income and expenditure attributable to a Sub-Fund shall be applied to the Class or Classes

of Shares issued in respect of such Sub-Fund, subject to the provisions here above under (a);

(iv) Where any asset is derived from another asset, such derivative asset shall be attributable in the books of the

Company to the same Class or Classes of Shares as the asset from which it was derived and on each revaluation of an
asset, the increase or decrease in value shall be applied to the relevant Class or Classes of Shares;

(v) In the case where any asset or liability of the Company cannot be considered as being attributable to a particular

Class of Shares, such asset or liability shall be allocated to all the Classes of Shares pro rata to their respective net asset
values or in such other manner as determined by the General Partner acting in good faith, provided that (a) where assets,
on behalf of several Sub-Funds are held in one account and/or are co-managed as a segregated pool of assets by an agent
of the General Partner, the respective right of each Class of Shares shall correspond to the prorated portion resulting
from the contribution of the relevant Class of Shares to the relevant account or pool, and (b) the right shall vary in
accordance with the contributions and withdrawals made for the account of the Class of Shares, as described in the sales
documents for the Shares of the Company;

(vi) Upon the payment of distributions to the holders of any Class of Shares, the net asset value of such Class of Shares

shall be reduced by the amount of such distributions;

(vii) The currency gains or losses of the hedging techniques used for hedging a currency class will be allocated to the

relevant Class.

All valuation regulations and determinations shall be interpreted and made in accordance with generally accepted

accounting principles.

In the absence of bad faith, gross negligence or manifest error, every decision in calculating the net asset value taken

by the General Partner or by any bank, company or other organization which the General Partner may appoint for the

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U X E M B O U R G

purpose of calculating the net asset value, shall be final and binding on the Company and present, past or future share-
holders.

V. For the purpose of this Article:
(i) Ordinary Shares of the Company to be redeemed under Article 9 hereof shall be treated as existing and taken into

account until immediately after the time specified by the General Partner on the Redemption Day on which such valuation
is made and from such time and until paid by the Company the price therefore shall be deemed to be a liability of the
Company;

(ii) Ordinary Shares to be issued by the Company shall be treated as being in issue as from the time specified by the

General Partner on the Valuation Day on which such valuation is made and from such time and until received by the
Company the price therefore shall be deemed to be a debt due to the Company;

(iii) all investments, cash balances and other assets expressed in currencies other than the Reference Currency of the

relevant Sub-Fund shall be valued after taking into account the market rate or rates of exchange in force at the date and
time for determination of the net asset value of Shares; and

(iv) where on any Valuation Day the Company has contracted to:
- purchase any asset, the value of the consideration to be paid for such asset shall be shown as a liability of the Company

and the value of the asset to be acquired shall be shown as an asset of the Company;

- sell any asset, the value of the consideration to be received for such asset shall be shown as an asset of the Company

and the asset to be delivered shall not be included in the assets of the Company;

provided however, that if the exact value or nature of such consideration or such asset is not known on such Valuation

Day then its value shall be estimated by the Company.

Art. 13. Frequency and Temporary Suspension of Calculation of Net Asset Value per Share, of Issue, Conversion and

Redemption of Shares. With respect to each Class of Shares, the net asset value per Share and the price for the issue,
redemption and conversion of Shares shall be calculated from time to time by the Company or any agent appointed
thereto by the Company, at least once a year at a frequency determined by the General Partner, such date being referred
to herein as the "Valuation Day".

The General Partner may temporarily suspend the determination of the net asset value per Share of any particular

Class or of any particular Sub-Fund and the issue, redemption and conversion of Shares in the following circumstances:

(i) during any period when any of the principal stock exchanges or other markets on which any substantial portion of

the investments of the Company attributable to such Sub-Fund from time to time is quoted or dealt in is closed otherwise
than for ordinary holidays, or during which dealings therein are restricted or suspended or when one or more pricing
sources fails to provide valuations, provided that such restriction or suspension affects the valuation on the investments
of the Company attributable to a Sub-Fund quoted thereon; or

(ii) during the existence of any state of affairs which constitutes an emergency in the opinion of the General Partner

as a result of which disposals or valuation of assets owned by the Company attributable to such Sub-Fund would be
impracticable; or

(iii) during any breakdown in the means of communication normally employed in determining the price or value of any

of the investments of such Sub-Fund or the current price or values on any stock exchange or other market in respect of
the assets attributable to such Sub-Fund; or

(iv) when for any other reason the prices of any investments owned by the Company attributable to any Sub-Fund

cannot promptly or accurately be ascertained; or

(v) during any period when the Company is unable to repatriate funds for the purpose of making payments on the

redemption of the Shares of such Sub-Fund or during which any transfer of funds involved in the realisation or acquisition
of investments or payments due on redemption of Shares cannot in the opinion of the General Partner be effected at
normal rates of exchange; or

(vi) upon the publication of a notice convening a general meeting of shareholders for the purpose of resolving the

winding-up of the Company; or

(vii) upon the closure of a Sub-Fund further to a decision of (i) the general meeting of shareholders or (ii) the General

Partner; and/or

(viii) otherwise as provided in the Issue Document.
Any such suspension shall be published, if appropriate, by the Company and may be notified to shareholders having

made an application for subscription, conversion or redemption of Shares for which the calculation of the net asset value
has been suspended.

Such suspension as to any Sub-Fund or any Class of Shares shall have no effect on the calculation of the net asset value

per Sub-Fund or per share, the issue, conversion and redemption of Shares of any other Class of Shares if the assets
within such other Class of Shares are not affected to the same extent by the same circumstances.

Any request for subscription, conversion or redemption will be irrevocable except in the event of a suspension of the

calculation of the net asset value, in which case shareholders may give notice that they wish to withdraw their application.

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U X E M B O U R G

If no such notice is received by the Company, such application will be dealt with on the first Valuation Day, as determined
for each relevant Sub-Fund, respectively Class of Shares, following the end of the period of suspension.

Under exceptional circumstances that may adversely affect the interests of shareholders, or in instances of massive

redemption applications of one Sub-Fund, the General Partner reserve the right only to determine the share price after
having executed, as soon as possible, the necessary sales of securities or other assets on behalf of the Sub¬Fund. In this
case, subscription, redemption and conversion applications in process shall be dealt with on the basis of the net asset
value thus calculated.

Title III. Administration and Supervision

Art. 14. General Partner. The Company shall be managed by Versailles III Partners (associé gérant commandité), a

company incorporated under the laws of the Grand Duchy of Luxembourg (herein referred to as the "General Partner").

The General Partner may be dismissed in accordance with the provisions of applicable law. In the event of legal

incapacity, liquidation or other permanent situation preventing the General Partner from acting as General Partner of
the Company, the Company shall not be immediately dissolved and liquidated, provided an administrator, who needs not
be a shareholder, is appointed to effect urgent or mere administrative acts, until a general meeting of shareholders is
held, which such administrator shall convene within fifteen (15) days of his appointment. At such general meeting, the
shareholders may appoint, in accordance with the quorum and majority requirements for the amendment of these articles
of incorporation, a successor general partner. Failing such appointment, the Company shall be dissolved and liquidated.
Any such appointment of a successor general partner shall not be subject to the approval of the General Partner.

Art. 15. Powers and liability of the General Partner.
15.1. The General Partner is vested with the broadest powers to perform all acts of administration and disposition

within the purpose of the Company.

All powers not expressly reserved by law or by the present articles of incorporation to the general meeting of sha-

reholders are within the powers of the General Partner. The General Partner may appoint investment advisors and
managers, as well as any other management or administrative agents in compliance with the provisions of the Law of
1915. The General Partner may, under its responsibility, enter into agreements with such persons or companies for the
provision of their services, the delegation of powers to them, and the determination of their remuneration to be borne
by the Company.

15.2. The General Partner is jointly and severally liable for all liabilities which cannot be met out of the assets of the

Company. The holders of Ordinary Shares (as defined above) shall refrain from acting on behalf of the Company in any
manner or capacity other than by exercising their rights as shareholders in general meetings and shall only be liable to
the extent of their contributions to the Company.

Art. 16. Signatory Authority. Vis-á-vis third parties, the Company is validly bound by the sole signature of the General

Partner or by the signature(s) of any other person(s) to whom authority has been delegated by the General Partner.

No Limited Shareholders shall represent the Company.

Art. 17. Investment Policies and Restrictions. The General Partner, based upon the principle of risk spreading, has the

power to determine (i) the investment policies to be applied in respect of each Sub-Fund, (ii) the currency hedging strategy
to be applied to specific Classes of Shares within particular Sub-Funds and (iii) the course of conduct of the management
and business affairs of the Company, all within the restrictions as shall be set forth by the General Partner in compliance
with applicable laws and regulations.

Each Sub-Fund may invest in shares of other Sub-Funds to the extent permitted and at the conditions provided in the

Law of 2007.

The General Partner, acting in the best interest of the Company, may decide, in the manner described in the Issue

Document, that (i) all or part of the assets of the Company or of any Sub-Fund be co-managed on a segregated basis with
other assets held by other investors, including other UCIs and/or their sub-funds, or that (ii) all or part of the assets of
two or more Sub-Funds be co-managed amongst themselves on a segregated or on a pooled basis.

Investments in each Sub-Fund may be made either directly or indirectly through wholly-owned subsidiaries, as the

General Partner may from time to time decide and as described in the Issue Document. Reference in these articles of
incorporation to "investments" and "assets" shall mean, as appropriate, either investments made and assets beneficially
held directly or investments made and assets beneficially held indirectly through the aforesaid subsidiaries.

The Company is authorized to use any techniques and instruments relating to transferable securities, currencies or

any other financial assets or instruments in the context of its investment policy or for the purpose of hedging or efficient
portfolio management.

Art. 18. Conflict of Interest. In the event that any manager or officer of the General Partner may have in any transaction

of the Company an interest opposite to the interests of the Company, such manager or officer shall make known to the
General Partner such opposite interest and shall not consider or vote on any such transaction, and such transaction and
such manager's or officer's interest therein shall be reported to the next succeeding general meeting of shareholders.

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U X E M B O U R G

The term "opposite interest", as used in the preceding sentence, shall not include any relationship with or without

interest in any matter, position or transaction involving any person, company or entity as may from time to time be
determined by the General Partner in its discretion.

The foregoing provisions are not applicable where the decisions of the board of managers of the General Partner

relate to day-to-day transactions that are entered into on an arm's length basis.

A conflict of interest policy has been put in place within the Company. Any situation in which a conflict of interest may

arise within the Company will be managed in compliance with such conflict of interest policy.

Art. 19. Independent Auditor. The accounting data related in the annual report of the Company shall be examined by

an independent auditor ("réviseur d'entreprises agréé") appointed by the general meeting of shareholders and remune-
rated by the Company.

The independent auditor shall fulfil all duties prescribed by the Law of 2007.

Title IV. General meetings - Accounting year - Distributions

Art. 20. General Meetings of Shareholders of the Company. The general meeting of shareholders of the Company

shall represent the entire body of shareholders of the Company. Its resolutions shall be binding upon all the shareholders
regardless of the Class of Shares held by them. It shall have the broadest powers to order, carry out or ratify acts relating
to the operations of the Company, provided that any resolution shall be validly adopted only if approved by the General
Partner.

Any resolution of a general meeting of shareholders to the effect of amending the present articles of incorporation

must be passed with (i) a presence quorum of fifty (50) per cent of the share capital (at the first call; being understood
that no quorum requirement will apply at the second call if the quorum is not reached at the first call), (ii) the approval
of a majority of at least two-thirds (2/3) of the share capital present or represented and voting at the meeting and (iii)
the consent of the General Partner.

The general meeting of shareholders shall meet upon call by the General Partner.
It may also be called upon the request of shareholders representing at least one tenth of the share capital.
The annual general meeting shall be held in accordance with Luxembourg law at Luxembourg City at a place specified

in the notice of meeting, each year on the twentieth of June at 10.00 a.m.

If such day is not a Luxembourg bank business day in Luxembourg, the annual general meeting shall be held on the

next following Luxembourg bank business day.

Other meetings of shareholders may be held at such places and times as may be specified in the respective notices of

meeting.

Shareholders shall meet upon call by the General Partner pursuant to a notice setting forth the agenda sent at least

eight days prior to the meeting to each registered shareholder at the shareholder's address in the register of shareholders.
The giving of such notice to registered shareholders need not be justified to the meeting. The agenda shall be prepared
by the General Partner except in the instance where the meeting is called on the written demand of the shareholders in
which instance the General Partner may prepare a supplementary agenda.

To the extent all Shares are in registered form and if no publications are made, notices to shareholders may be mailed

by registered mail only.

If all shareholders are present or represented and consider themselves as being duly convened and informed of the

agenda, the general meeting may take place without notice of meeting.

The General Partner may determine all other conditions that must be fulfilled by shareholders in order to attend any

meeting of shareholders.

The business transacted at any meeting of the shareholders shall be limited to the matters contained in the agenda

(which shall include all matters required by law) and business incidental to such matters.

Each share of whatever Class is entitled to one vote, in compliance with Luxembourg law and these articles of incor-

poration. A shareholder may act at any general meeting of shareholders by giving a written proxy to another person, who
need not be a shareholder and may be a manager of the General Partner.

Unless otherwise provided by law or herein, resolutions of the general meeting are passed by a simple majority vote

of the shareholders present or represented and voting at the meeting, and the consent of the General Partner.

Art. 21. General Meetings of Shareholders in a Sub-Fund or in a Class of Shares. The holders of the Shares issued in

respect of any Sub-Fund may hold, at any time, general meetings to decide on any matters which relate exclusively to
such Sub-Fund, provided that any resolution shall be validly adopted only if approved by the General Partner.

In addition, the shareholders of any Class of Shares may hold, at any time, general meetings for any matters which are

specific to such class.

The provisions of Article 20, paragraphs 3, 4, 8, 9, 10, 11 and 12 shall apply to such general meetings.
Each Share is entitled to one vote in compliance with Luxembourg law and these articles of incorporation. Shareholders

may act either in person or by giving a written proxy to another person who needs not be a shareholder and may be a
manager of the General Partner.

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U X E M B O U R G

Unless otherwise provided for by law or herein, the resolutions of the general meeting of shareholders of a Sub-Fund

are passed by a simple majority vote of the shareholders present or represented and voting at the meeting, and the
consent of the General Partner.

Art. 22. Termination of Sub-Funds or Classes of Shares and Merger of Sub-Funds. In the event that for any reason the

value of the net assets in any Sub-Fund, or the value of the net assets of any Class of Shares within a Sub-Fund, has
decreased to, or has not reached, an amount determined by the General Partner to be the minimum level for such Sub-
Fund, or such Class of Shares, to be operated in an economically efficient manner or in case of a substantial modification
in the political, economic or monetary situation or as a matter of economic rationalization, which, in the opinion of the
General Partner renders this decision necessary, or whenever the interest of the shareholders of the same Sub-Fund or
Class of Shares demands so, the General Partner may decide to close one or several Sub-Fund(s) or Class(es) of Shares
in the best interests of the Limited Shareholders and to redeem all the Ordinary Shares of the relevant Class or Classes
at the net asset value per share (taking into account actual realization prices of investments and realization expenses)
calculated on the Valuation Day at which such decision shall take effect. The Company shall serve a notice to the Limited
Shareholders of the relevant Class or Classes of Shares prior to the effective date for the compulsory redemption, which
will indicate the reasons and the procedure for the redemption operations. Unless it is otherwise decided in the interests
of, or to keep equal treatment between the Limited Shareholders, the Limited Shareholders of the Sub-Fund or of the
Class of Shares concerned may continue to request redemption of their Ordinary Shares free of charge (but taking into
account actual realization prices of investments and realization expenses) prior to the date effective for the compulsory
redemption.

Notwithstanding the powers conferred to the General Partner by the preceding paragraph, the general meeting of

shareholders of any Sub-Fund will, in any other circumstances, have the power, upon proposal from the General Partner,
to redeem all the Ordinary Shares of the relevant Sub-Fund and refund to the Limited Shareholders the net asset value
of their Ordinary Shares (taking into account actual realisation prices of investments and realisation expenses) calculated
on the Valuation Day, at which such decision will take effect. There will be no quorum requirements for such general
meeting of shareholders, which will decide by resolution taken by simple majority of those present or represented and
voting at such meeting and the consent of the General Partner.

The Company shall base the redemptions on the net asset value determined to take the liquidation expenses into

account, but without deduction of any redemption fee or any other fee.

Assets which may not be distributed to their beneficiaries upon the implementation of the redemption will be deposited

with the Custodian for a period of six months thereafter; after such period, the assets will be deposited with the Caisse
de Consignation on behalf of the persons entitled thereto.

All redeemed Ordinary Shares may be cancelled.
Under the same circumstances as provided by the first paragraph of this Article, the General Partner may decide to

terminate one or several Sub-Fund(s) by contribution to one or several existing Sub-Fund(s) within the Company or to
another UCI organized under the provisions of the Law of 2007 or of Part II of the Law of 2010 (as defined in the Issue
Document) or to one or several sub-funds of such other UCI (the "new Fund") and to redesignate the Shares of the Class
or Classes concerned as Ordinary Shares of another Class (following a split or consolidation, if necessary, and the payment
of the amount corresponding to any fractional entitlement to shareholders). Such decision will be published in the same
manner as described in the first paragraph of this Article one month before its effectiveness, in order to enable Limited
Shareholders to request redemption of their Ordinary Shares, free of charge, during such period.

At the expiry of this period, the decision related to the contribution binds all the Limited Shareholders who have not

exercised such right, provided that when the UCI benefiting from such contribution is a mutual fund (fonds commun de
placement), the decision only binds the shareholders who agreed to the contribution.

Notwithstanding the powers conferred to the General Partner by the preceding paragraph, a contribution of the assets

and of the liabilities attributable to any Sub-Fund to another UCI referred to hereabove or to another sub-fund within
such other UCI will require a resolution of the shareholders of the Sub-Fund concerned taken with fifty per cent (50%)
quorum requirement of the Shares in issue (at the first call) and adopted at a two thirds (2/3) majority of the Shares
present or represented, including the consent of the General Partner, except when such an amalgamation is to be im-
plemented with a Luxembourg UCI of the contractual type (fonds commun de placement), in which case resolutions will
be binding only on such shareholders who have voted in favour of such amalgamation.

A Sub-Fund may exclusively be contributed to a foreign UCI upon unanimous approval of the shareholders of the

relevant Classes of Shares issued in the Sub-Fund concerned or under the condition that only the assets of the consenting
shareholders be contributed to the foreign UCI, including each time the consent of the General Partner,.

All the Limited Shareholders concerned will be informed in the same manner as described in the first paragraph of this

Article. Nonetheless, the Limited Shareholders of the absorbed Sub-Fund(s) shall be offered the opportunity to redeem
their Shares free of charge during a month period starting as from the date on which they will have been informed of the
decision of merger.

The liquidation of the last remaining Sub-Fund will result in the liquidation of the Company.

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Art. 23. Accounting Year. The accounting year of the Company shall commence on January 1

of each year and shall

terminate on December 31 of the same year.

Art. 24. Distributions. The right to dividends or distributions with respect to each Class of shares are determined by

the General Partner and further described in the Issue Document.

Distributions shall be made, at the discretion of the General Partner, i.a., by means of dividends, return of share

premium (if any), or, as the case may be, by the redemption of shares, as further described in the Issue Document.

Payments of distributions to shareholders of the Company shall be made to such shareholders at their addresses in

the register of shareholders.

Distributions may be paid in such currency and at such time and place that the General Partner shall determine from

time to time.

The General Partner may decide to distribute stock dividends in lieu of cash dividends upon such terms and conditions

as may be set forth by the General Partner.

Any distribution that has not been claimed within five years of its declaration shall be forfeited and revert to the relevant

Class or Classes of Shares issued in respect of the relevant Sub-Fund.

No interest shall be paid on a dividend declared by the Company and kept by it at the disposal of its beneficiary.
All distributions will be made net of any income, withholding and similar taxes payable by the Company, including, for

example, any withholding taxes on interest or dividends received by the Company and capital gains taxes, withholding
taxes on the Company's investments.

Title V. Final provisions

Art. 25. Custodian. To the extent required by law, the Company entered into a custody agreement with a banking or

saving institution as defined by the law of April 5, 1993 on the financial sector, as amended (herein referred to as the
"Custodian").

The Custodian shall fulfil the duties and responsibilities as provided for by the Law of 2007.
If the Custodian desires to retire, the General Partner shall use its best endeavours to find a successor custodian within

two months of the effectiveness of such retirement. The General Partner may terminate the appointment of the Custodian
but shall not remove the Custodian unless and until a successor custodian shall have been appointed to act in the place
thereof.

Art. 26. Dissolution of the Company. The Company may at any time be dissolved by a resolution of the general meeting

of shareholders subject to the quorum and majority requirements referred to in Article 28 hereof.

As per the Law of 2007, whenever the share capital falls below two-thirds of the minimum share capital indicated in

Article 5 hereof, the question of the dissolution of the Company shall be referred to the general meeting of shareholders
by the General Partner. The general meeting, for which no quorum shall be required, shall decide by simple majority of
the validly cast votes at the meeting and with the consent of the General Partner.

As per the Law of 2007, the question of the dissolution of the Company shall further be referred to the general meeting

of shareholders whenever the share capital falls below one-fourth of the minimum share capital set by Article 5 hereof;
in such an event, the general meeting shall be held without any quorum requirements and the dissolution may be decided
at the majority of one fourth of the validly cast votes at the general meeting and with the consent of the General Partner.

The general meeting must be convened so that it is held within a period of forty days from ascertainment that the net

assets of the Company have fallen below two-thirds (2/3) or one-fourth (1/4) of the legal minimum, as the case may be.

Art. 27. Liquidation. Liquidation shall be carried out by one or several liquidators, who may be physical persons or

legal entities, appointed by the general meeting of shareholders which shall determine their powers and their compen-
sation.

Art. 28. Amendments to the articles of incorporation. These articles of incorporation may be amended by a general

meeting of shareholders subject to the quorum and majority requirements provided by the Law of 1915, and the consent
of the General Partner.

Art. 29. Statement. Words importing a masculine gender also include the feminine gender and words importing persons

or shareholders also include corporations, partnerships associations and any other organized group of persons whether
incorporated or not.

Art. 30. Applicable Law. All matters not governed by these articles of incorporation shall be determined in accordance

with the Law of 1915 and the Law of 2007 as such laws have been or may be amended from time to time.

There being no further business on the agenda, the Chairman thereupon closed the Meeting.

Expenses

The aggregate amount of the costs, expenditures, remunerations or expenses, in any form whatsoever, which the

Company incurs or for which it is liable by reason of the present deed, is approximately two thousand and sixty Euros.

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Statement

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

persons, this deed is worded in English.

WHEREOF the present notarial deed was drawn up in Luxembourg, on the day stated at the beginning of this document.
The deed having been read to the appearing persons, known to the officiating notary by their first and last name, civil

status and residence, the said appearing persons signed together with Us the notary the present deed.

Signé: P. PIRSON, M. TRUONG, C. DOSTERT, C. WERSANDT.
Enregistré à Luxembourg A.C., le 16 mai 2013. LAC/2013/22449. Reçu soixante-quinze euros 75,00 €.

Le Receveur ff. (signé): Carole FRISING.

POUR EXPEDITION CONFORME, délivrée.

Luxembourg, le 23 mai 2013.

Référence de publication: 2013067362/986.
(130082894) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 mai 2013.

MONDIALUX INVESTISSEMENTS Spf S.A., Société Anonyme - Société de Gestion de Patrimoine Fa-

milial.

Siège social: L-1724 Luxembourg, 3A, boulevard du Prince Henri.

R.C.S. Luxembourg B 21.894.

Les comptes annuels au 31/12/2012 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.
Référence de publication: 2013066359/10.
(130081405) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 mai 2013.

Tradition II S.A., Société Anonyme.

Siège social: L-4751 Pétange, 165A, route de Longwy.

R.C.S. Luxembourg B 177.385.

STATUTS

L'an deux mille treize, le sept mai.
Par-devant Maître Gérard LECUIT, notaire de résidence à Luxembourg, Grand-Duché de Luxembourg.

ONT COMPARU:

Monsieur Marc Weiser, coordinateur, né le 30 janvier 1957 à Amnéville (France), résidant au 35, rue du Barendall,

L-8212 Mamer et

Monsieur Yannick Scheffer, responsable logistique, né le 26 mai 1980 à Remiremont (France), résidant au 4, rue du

Moulin, F-54730 Gorcy (France), tous deux ici représentés par Monsieur Louis LIBART, expert comptable, demeurant
professionnellement à L-2163 Luxembourg, 35, avenue Monterey,

en vertu de deux procurations signées sous seing privé le 6 mai 2013.
Lesquelles procurations après avoir été signées «Ne Varietur» par le mandataire des comparants et le notaire instru-

mentant, resteront annexées aux présentes.

Lesquels comparants, représentés comme dit ci-avant, ont requis le notaire instrumentaire d'arrêter les statuts d'une

société anonyme qu'ils déclarent constituer comme suit:

I. Forme et Nom, Durée, Siège social

Art. 1

. Forme et Nom. Il est formé par les souscripteurs et tous ceux qui deviendront propriétaires des actions

ci-après créées, une société anonyme sous la dénomination Tradition II S.A. (ci-après la «Société») qui sera régie par la
loi du 10 Août 1915 concernant les sociétés commerciales (la «Loi») ainsi que par les présent statuts (les «Statuts»).

Art. 2. Durée. La Société est constituée pour une durée illimitée.

Art. 3. Siège social. Le siège social de la Société est établi à Pétange. Le siège social pourra être transféré à l'intérieur

de la même commune par décision du conseil d'administration ou par décision de l'administrateur unique (le cas échéant).
Il peut être créé par simple décision du conseil d'administration ou par décision de l'administrateur unique (le cas échéant),
des succursales ou bureaux, tant dans le Grand-Duché de Luxembourg qu'à l'étranger.

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U X E M B O U R G

II. Objet Social de la Société

Art. 4. Objet Social. La Société a pour objet l'acquisition et la détention de tous intérêts, directement ou indirectement,

sous quelle que forme que ce soit, dans toutes autres entités, luxembourgeoises ou étrangères, par voie de participation,
d'apport, de souscription, de prise ferme ou d'option d'achat, de négociation ou de toute autre manière, ou par voie
d'instruments financiers de dettes, sous quelle que forme que ce soit, ainsi que leur administration, leur développement
et leur gestion.

L'objet de la Société inclus, plus particulièrement l'acquisition, le développement, la vente, la gestion et/ou la location

de propriétés immobilières au Grand-Duché de Luxembourg ou à l'étranger, ainsi que toutes opérations immobilières,
en ce compris la détention, directe ou indirecte, de participations dans des sociétés luxembourgeoises ou étrangères,
ayant pour objet principal l'acquisition, le développement, la vente, la gestion et /ou la location de propriétés immobilières.

La Société pourra également apporter toute assistance, que ce soit sous forme de prêts, d'octroi de garanties ou

autrement, à ses filiales ou aux sociétés dans lesquelles elle a un intérêt direct ou indirect, sans que celui-ci soit substantiel
(ci-après reprises comme les «Sociétés Apparentées»). A titre accessoire de cette assistance, la Société pourra également
apporter à ses Sociétés Apparentées toute assistance administrative ou commerciale.

La Société pourra, en particulier, être engagée dans les opérations suivantes:
- conclure des emprunts sous toute forme ou obtenir toutes formes de moyens de crédit et réunir des fonds, no-

tamment, par l'émission de titres, d'obligations, de billets à ordre, certificats et autres instruments de dette ou titres de
dette, convertibles ou non, ou utiliser des instruments financiers dérivés ou autres;

- avancer, prêter, déposer des fonds ou donner crédit à ou avec ou de souscrire à ou acquérir tous instruments de

dette, avec ou sans garantie, émis par une entité luxembourgeoise ou étrangère, pouvant être considérée comme per-
formante;

- conclure toute forme de contrats de dérivés de crédit tels que, mais sans que cela ne soit limitatif, des contrats de

swap en vertu desquels la Société fournira une protection de crédit à la contre-partie ou bénéficiera d'une protection de
cette dernière;

- accorder toutes garanties, fournir tous gages ou toutes autres formes de sûreté, que ce soit par engagement personnel

ou par hypothèque ou charge sur tout ou partie des avoirs (présents ou futurs), ou par l'une et l'autre de ces méthodes,
pour l'exécution de tous contrats ou obligations de la Société ou de Sociétés Apparentées dans les limites autorisées par
toute disposition légale applicable; et

- conclure des contrats et notamment, sans que cette liste soit limitative, des contrats d'association, des contrats de

garantie, des accords de distribution, des contrats de gestion, des contrats de conseils, des contrats d'administration et
autres contrats de services, des contrats de vente, des contrats d'échange d'intérêt et/ou de cours, et autres contrats
financiers dérivés en relation en relation avec son objet;

- La Société peut également agir comme associé commandité ou commanditaire, responsable indéfiniment ou de façon

limitée pour toutes dettes et engagements sociaux de sociétés ou associations en commandite ou autres structures
sociétaires similaires.

- étant entendu que la Société n'entrera dans aucune opération qui pourrait l'amener à être qualifiée de commerçante

ou à être engagée dans des activités pouvant être considérées comme une activité réglementée du secteur financier.

Outre ce qui précède, la Société peut réaliser toutes opérations légales, commerciales, techniques ou financières et,

en général, toutes opérations nécessaires ou utiles à l'accomplissement de son objet social ou en relation directe ou
indirecte avec tous les secteurs décrits ci-dessus, de manière à faciliter l'accomplissement de son objet social.

III. Capital social et Actions

Art. 5. Capital social. La Société a un capital social de cent cinquante mille Euro (EUR 150.000,-) représenté par mille

cinq cents (1.500) actions d'une valeur nominale de cent Euro (EUR 100) chacune.

Le capital autorisé, y compris le capital souscrit, est fixé à trois million cinq cent mille Euro (EUR 3.500.000,-) représenté

par trente-cinq mille (35.000) actions d'une valeur nominale de cent Euro (EUR 100) chacune.

Durant une période de cinq (5) ans à compter de la date de publication de l'autorisation conférée au conseil d'admi-

nistration d'émettre ces actions, les administrateurs sont autorisés à émettre des actions et à accorder des options sur
des actions aux personnes et selon les conditions qu'ils jugent appropriées et en particulier à procéder à ces émissions
sans réserver aux anciens actionnaires un droit préférentiel de souscription.

Le conseil d'administration peut déléguer tout administrateur, directeur, fondé de pouvoir, ou toute autre personne

dûment autorisée, pour recueillir les souscriptions et recevoir paiement du prix des actions représentant tout ou partie
de cette augmentation de capital.

Chaque fois que le conseil d'administration aura fait constater authentiquement une augmentation du capital souscrit,

il fera adapter le présent article

Le capital souscrit et le capital autorisé de la Société peuvent être augmentés ou réduits à tout moment par décision

de l'actionnaire unique ou le cas échéant, de l'assemblée générale des actionnaires statuant comme en matière de modi-
fication des statuts.

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U X E M B O U R G

Art. 6. Actions. Toutes les actions de la Société seront émises sous forme nominative ou au porteur au gré de l'ac-

tionnaire, à l'exception de celles pour lesquelles la loi prescrit la forme nominative.

Dans l'hypothèse où les actions sont nominatives, un registre des actionnaires sera tenu au siège social de la Société

et pourra y être consulté par tout actionnaire de la Société. Ce registre contiendra toutes les informations requises par
la loi. Le droit de propriété de l'actionnaire sur les actions s'établit par l'inscription de son nom dans le registre des
actionnaires. Un certificat, qui devra être signé par deux membres du conseil d'administration ou par l'administrateur
unique (le cas échéant), constatera cette inscription et sera délivré sur demande à l'actionnaire.

La Société peut avoir un ou plusieurs actionnaires. Le décès ou la dissolution de l'actionnaire unique (ou de tout autre

actionnaire) n'entraînera pas la dissolution de la Société.

La Société ne reconnaît qu'un seul propriétaire par action. Si une action est détenue par plus d'une personne, les

personnes invoquant un droit sur l'action devront désigner un mandataire unique pour représenter l'action à l'égard de
la Société. La Société a le droit de suspendre l'exercice de tous les droits attachés à une telle action avant qu'une personne
soit désignée comme étant propriétaire unique à l'égard de la Société.

Art. 7. Rachat d'actions. La Société peut procéder au rachat de ses propres actions sous les conditions prévues par la

loi et notamment dans la mesure et aux conditions prescrites par l'article 49-8 de la loi du 10 août 1915 telle que modifiée.

Un actionnaire qui désire que tout ou partie de ses actions soient rachetées (l' «Actionnaire Vendeur») doit en faire

une demande par écrit (la «Demande de Rachat») à l'adresse du conseil d'administration en indiquant le nombre d'actions
qu'il désire voir racheter (les «Actions Offertes»). Le conseil d'administration décide de façon discrétionnaire dans les
trente (30) jours qui suivent la réception de la demande de rachat, si la société rachète les actions offertes au rachat en
avisant l'actionnaire requérant de sa décision (la «Notification d'Acceptation») et, s'il y a lieu, du prix que le conseil
d'administration fixe (le «Prix de Rachat»).

L'Actionnaire Requérant est tenu endéans les quinze (15) jours à compter de la réception de la Notification d'Accep-

tation d'aviser le conseil d'administration de vendre les Actions Offertes. Si l'Actionnaire Vendeur décide de vendre les
Actions Offertes, il doit remettre à la société à son siège social, ensemble avec une confirmation écrite de procéder au
rachat, le ou les certificat(s) d'action, si de tels certificats ont été émis, établissant la propriété des actions devant être
rachetées, dûment endossés en vue de leur cession à la société.

Le rachat est réputé avoir été effectué à la date à laquelle la société a reçu la confirmation de rachat (la «Date de

Rachat»). Tous les droits attachés aux actions rachetées par la société sont suspendus aussi longtemps que la société
détient ces actions. La société doit payer à l'Actionnaire Vendeur le Prix de Rachat des actions offertes au rachat dans
les trente (30) jours qui suivent la Date de Rachat.

La valeur des actions présentées au rachat peut, selon une procédure souveraine du conseil d'administration, être

déterminée par évaluation indépendante.

IV. Administration

Art. 8. Administration. La Société sera administrée par un conseil d'administration composé de trois membres au

moins, administrateur de catégorie A et administrateur de catégorie B. Toutefois, si la Société est constituée par un seul
actionnaire ou s'il est constaté lors d'une assemblée des actionnaires que toutes les actions émises par la Société sont
détenues par un seul actionnaire, la Société pourra être administrée par un seul administrateur et ce, jusqu'à la première
assemblée des actionnaires faisant suite au moment de la constatation par la Société que ses actions sont à nouveau
détenues par plus d'un actionnaire.

Les administrateurs seront élus par l'assemblée générale des actionnaires qui déterminera leur nombre, leurs émolu-

ments et la durée de leur mandat. La durée du mandat d'un administrateur ne peut excéder six années et les
administrateurs exerceront leur mandat jusqu'à ce que leurs successeurs aient été élus. Les administrateurs sortant
peuvent être réélus.

Les administrateurs seront élus par l'assemblée générale des actionnaires à la majorité simple des voix valablement

émises. Tout administrateur peut être démis de ses fonctions à tout moment avec ou sans justification par l'assemblée
générale des actionnaires à la majorité simple des voix valablement émises.

Si une personne morale est nommée au poste d'administrateur de la Société, cette personne morale devra désigner

un représentant permanent qui exercera le mandat au nom et pour le compte de cette personne morale. La personne
morale susvisée ne peut démettre son représentant permanent qu'à la condition de lui avoir déjà désigné un successeur.

Dans l'hypothèse où un poste d'administrateur devient vacant à la suite d'un décès, d'une démission ou autrement, un

administrateur peut être provisoirement désigné jusqu'à la prochaine assemblée générale, en suivant les dispositions
légales qui s'appliquent.

Art. 9. Décision du conseil d'administration. Le conseil d'administration choisit parmi ses membres un président et

peut choisir en son sein un vice-président. Il peut également désigner un secrétaire qui n'a pas besoin d'être un adminis-
trateur et qui sera chargé de dresser les procès-verbaux des réunions des actionnaires et du conseil d'administration.

Le conseil d'administration se réunit sur convocation du président ou de deux administrateurs au lieu indiqué dans

l'avis de convocation.

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U X E M B O U R G

Le président préside les assemblées des actionnaires et le conseil d'administration, mais en son absence, les actionnaires

ou le conseil d'administration peuvent, par majorité des votes des personnes présentes, provisoirement élire un autre
administrateur comme président de cette assemblée ou ce conseil d'administration.

Un avis par écrit, télécopie ou e-mail (sans signature électronique) contenant l'ordre du jour sera donné à tous les

administrateurs au moins vingt-quatre heures avant l'heure prévue pour la réunion, sauf s'il y a urgence, auquel cas l'avis
de convocation devra mentionner la nature et les motifs de cette urgence. Il peut être passé outre à la nécessité de pareille
convocation en cas d'assentiment de chaque administrateur par écrit, télécopie ou tout autre moyen de communication,
une copie étant suffisante. Une convocation spéciale n'est pas requise pour des réunions du conseil d'administration se
tenant à des heures et à des endroits déterminés dans une résolution préalablement adoptée par le conseil d'adminis-
tration.

Tout administrateur peut se faire représenter en désignant par écrit, par télécopie, par e-mail ou par un autre moyen

de communication un autre administrateur comme son mandataire. Un administrateur ne peut pas représenter plus d'un
de ses collègues.

Tout administrateur peut prendre part à une réunion du conseil d'administration au moyen d'une conférence télé-

phonique ou d'une vidéoconférence ou d'un équipement de communication similaire par lequel toutes les personnes
participant à la réunion peuvent s'entendre l'une l'autre sans discontinuité et permettant à chacune des personnes par-
ticipant à cette réunion d'y participer pleinement et activement. La participation à une réunion se tenant par les moyens
de communication susvisés vaut présence personnelle à cette réunion.

Une réunion qui s'est tenue par les moyens de communication susvisés sera censée s'être tenue au siège social de la

Société.

Le conseil d'administration ne peut délibérer et agir valablement que si la majorité des administrateurs [est présent

ou représenté à une réunion du conseil d'administration.

Les décisions sont uniquement prises à la majorité des votes des administrateurs présents ou représentés à chaque

réunion. Le président de la réunion n'a pas de voix prépondérante.

Le conseil d'administration peut également prendre par voie circulaire des décisions à l'unanimité de ses membres,

par écrit, fax ou par tout autre moyen de communication, une copie étant suffisante. L'intégralité sera considérée comme
procès-verbal faisant preuve que les décisions ont été adoptées.

Les procès-verbaux des réunions du conseil d'administration sont signés par le président ou, en son absence, par le

vice-président, ou par deux administrateurs. Les copies ou extraits de procès-verbaux destinés à servir dans une procé-
dure judiciaire ou ailleurs seront signés par le président ou par deux administrateurs.

Art. 10. Pouvoir du conseil d'administration. Le conseil d'administration ou l'administrateur unique (le cas échéant)

est investi des pouvoirs les plus larges pour pouvoir adopter les actes d'administration et de disposition dans l'intérêt de
la Société. Tous pouvoirs que la loi ou les présents statuts ne réservent pas expressément à l'assemblée générale sont
de la compétence du conseil d'administration ou de l'administrateur unique (le cas échéant).

Le conseil d'administration ou l'administrateur unique (le cas échéant) peut déléguer la gestion journalière de la Société

ainsi que la représentation de la Société en ce qui concerne cette gestion, conformément à la loi, à un directeur, agent,
gérant ou autre mandataire, actionnaire ou non susceptibles d'agir seuls ou conjointement. Le conseil d'administration
ou l'administrateur unique (le cas échéant) détermine l'étendue des pouvoirs, les conditions du retrait et la rémunération
attachées à ces délégations de pouvoir.

Le conseil d'administration ou l'administrateur unique (le cas échéant) pourra également conférer des pouvoirs par

procuration sous acte authentique ou sous seing privé.

Art. 11. Représentation. Vis-à-vis des tiers, la Société sera valablement engagée en cas d'Administrateur Unique, par

la signature unique de son Administrateur Unique ou, en cas de pluralité d'administrateurs, par la signature conjointe d'un
administrateur de catégorie A avec un administrateur de catégorie B ou par la (les) autre(s) signature(s) de toute(s) autre
(s) personne(s) à laquelle (auxquelles) pareil pouvoir de signature aura été délégué par le conseil d'administration.

V. Actionnariat

Art. 12. Assemblées générales des actionnaires. L'assemblée générale des actionnaires dûment constituée représente

l'ensemble de tous les actionnaires de la Société. Elle a les pouvoirs les plus étendus pour ordonner, exécuter ou ratifier
tous les actes relatifs aux opérations de la Société. Si la Société ne possède qu'un seul actionnaire, cet actionnaire exercera
les pouvoirs de l'assemblée générale des actionnaires.

L'assemblée générale des actionnaires est convoquée par le conseil d'administration ou par l'administrateur unique (le

cas échéant).

Elle doit être obligatoirement convoquée lorsqu'un groupe d'actionnaires représentant au moins dix pour cent (10%)

du capital social de la Société en fait la demande auprès du conseil d'administration de la Société. Un groupe d'actionnaires
représentant au moins dix pour cent (10%) du capital social de la Société peut requérir le conseil d'administration d'ajouter
un ou plusieurs points à l'agenda de toute assemblée générale des actionnaires. Ces demandes devront être envoyées au
siège social de la Société par lettre recommandée au moins huit (8) jours avant la date de l'assemblée.

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U X E M B O U R G

Chaque fois que tous les actionnaires sont présents ou représentés et considèrent avoir été dûment convoqués et

informés de l'ordre du jour, l'assemblée générale peut avoir lieu sans convocation ou publication préalable. Le conseil
d'administration peut déterminer toutes autres conditions à remplir par les actionnaires pour pouvoir prendre part aux
assemblées générales.

Art. 13. Décisions des assemblées générales des actionnaires. Les actionnaires qui prennent part à l'assemblée par

vidéoconférence ou par tout autre moyen de communication permettant leur identification sont censés être présents
pour la prise en compte des quorums de présence et de vote. Les moyens de communication susvisés doivent permettre
aux personnes participant à l'assemblée de s'entendre l'une et l'autre sans discontinuité et de participer pleinement et
activement à l'assemblée.

Chaque action donne droit à une voix. Un actionnaire peut se faire représenter à toute assemblée générale des

actionnaires par procuration écrite, par télécopie ou par tout autre moyen de communication, une copie étant suffisante.

Tout actionnaire peut voter à l'aide des bulletins de vote envoyés par courrier ou par télécopie au siège social de la

Société ou à l'adresse indiquée dans la convocation. Les actionnaires ne peuvent utiliser que les bulletins de vote qui lui
auront été envoyés par la Société et qui devront indiquer au moins l'endroit, la date et l'heure de l'assemblée, l'agenda
de l'assemblée, la proposition soumise au vote de l'assemblée, et pour chaque proposition, trois cases à cocher permettant
à l'actionnaire de voter en faveur ou contre la proposition ou d'exprimer une abstention par rapport à chacune des
propositions soumise au vote, en cochant la case appropriée.

Les bulletins de vote n'indiquant ni vote en faveur, ni vote contre, ni abstention, sont nuls. La Société ne tiendra compte

que des bulletins de vote reçus avant la tenue de l'assemblée générale à laquelle ils se référent.

Les décisions de toute assemblée générale des actionnaires valablement convoquée seront adoptées à la majorité

simple des voix valablement exprimées, sauf lorsque ces décisions portent sur un amendement à apporter aux statuts,
auquel cas ces décisions devront être adoptées à la majorité des deux tiers des voix valablement exprimées.

Art. 14. Assemblée générale annuelle. L'assemblée générale annuelle se réunit au siège social de la Société ou à tout

autre endroit à Luxembourg indiqué dans l'avis de convocation, le deuxième vendredi de mars de chaque année à 14
heures. Si ce jour est un jour férié, légal ou bancaire, à Luxembourg, l'assemblée générale annuelle se tiendra le jour
ouvrable luxembourgeois suivant. D'autres assemblées générales d'actionnaires peuvent se tenir aux lieux et dates spé-
cifiés dans les avis de convocation respectifs. Le quorum et le délai de convocation prévus par la loi régissent les avis de
convocation et la tenue des assemblées, sauf disposition contraire dans ceux-ci.

VI. Surveillance de la société

Art. 15. Surveillance. Les opérations de la Société seront surveillées par un ou plusieurs commissaires aux comptes

qui peuvent être des actionnaires ou non. L'assemblée générale des actionnaires, qui nomme le(s) commissaire(s) aux
comptes, déterminera leur nombre, leur rémunération et la durée de leur mandat, qui ne peut excéder six ans. Le(s)
commissaire(s) aux comptes peuvent être réélus pour un nouveau mandat.

VII. Exercice social, Comptes annuels, Répartition des bénéfices

Art. 16. Exercice social. L'exercice social de la Société commence le 1

janvier et se termine le 31 décembre de

chaque année.

Art. 17. Comptes Annuels. Chaque année, référence faite à la fin de l'exercice social de la Société, les comptes sociaux

de la Société seront dressés et le conseil d'administration ou l'administrateur unique (le cas échéant) préparera un in-
ventaire qui indique la valeur de l'actif et du passif de la Société. L'inventaire et les comptes sociaux seront disponibles
au siège social de la Société pour inspection par chaque actionnaire.

Art. 18. Répartition des bénéfices. Sur les bénéfices annuels nets de la société, cinq pour cent (5 %) seront affectés à

la réserve légale. Cette affectation cessera d'être obligatoire dès et aussi longtemps que le montant atteindra dix pour
cent (10%) du capital souscrit de la société tel qu'il résulte des présents statuts ou du capital social le cas échéant augmenté
ou réduit suivants les conditions énoncées dans les présents statuts. L'assemblée générale des actionnaires, sur recom-
mandation du conseil d'administration ou de l'administrateur unique (le cas échéant), décidera la manière dont le restant
des bénéfices annuels nets sera affecté.

Des avances sur dividendes pourront être distribuées par le conseil d'administration ou par l'administrateur unique

(le cas échéant) en observant les dispositions légales.

VIII. Dissolution et Liquidation

Art. 19. Dissolution et Liquidation. En cas de dissolution de la Société, la liquidation s'opérera par un ou plusieurs

liquidateurs, qui n'ont pas besoin d'être actionnaires et qui peuvent être des personnes physiques ou morales. Il(s) est
(sont) nommé(s) par l'assemblée générale qui déterminera les pouvoirs et rémunérations de chaque liquidateur.

IX. Modifications des statuts

Art. 20. Modification. Les présents statuts pourront être modifiés par une assemblée générale des actionnaires statuant

aux conditions requises.

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X. Dispositions générales

Art. 21. Loi applicable. Tous les points non spécifiés dans les présents statuts relèvent des dispositions de la loi du 10

août 1915 concernant les sociétés commerciales, telle que modifiée.

Dispositions transitoires

1) Le premier exercice social commencera le jour de la constitution et se terminera le 31 décembre 2013.
2) La première assemblée générale annuelle des actionnaires aura lieu en 2014.

Souscription et Paiement

Les statuts ayant été ainsi arrêtés, les comparants déclarent souscrire le capital comme suit:

Souscripteurs:

Nombre

d'actions

souscrites:

M. Marc Weiser, prénommé . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.000 actions

M. Yannick Schaeffer, prénommé . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

500 actions

Total: mille cinq cents (1.500) actions.
Toutes les actions ont été libérées en espèces à concurrence de cent pour cent (100%) de sorte que la somme de

cent cinquante mille Euro (EUR 150.000,-) est dès maintenant à la disposition de la Société, ce dont il a été justifié au
notaire soussigné au moyen d'un certificat bancaire.

Déclaration

Le notaire soussigné déclare avoir vérifié l'existence des conditions énumérées à l'article 26 de la loi du 10 août 1915,

telle que modifiée, concernant les sociétés commerciales et déclare expressément qu'elles sont remplies.

Frais

Le montant des dépenses, frais, rémunérations et charges, sous quelque forme que ce soit, qui incombent à la Société

ou qui sont mis à sa charge en raison de sa constitution sont évalués à environ mille trois cents Euros (EUR 1.300).

Résolutions des actionnaires

Les personnes susmentionnées, représentant l'intégralité du capital souscrit ont immédiatement pris les résolutions

suivantes:

1. Le nombre d'administrateurs a été fixé à trois (3) et le nombre de commissaires aux compte à un (1):
2. Les personnes suivantes ont été nommées administrateurs de la Société:

Administrateur de Catégorie A

- Monsieur Louis Libart, expert-comptable, né le 8 août 1982 à Bastogne (Belgique), demeurant professionnellement

à L-2163 Luxembourg, 35, avenue Monterey,

Administrateur de Catégorie B

- Monsieur Florian Berthier, né le 6 avril 1982 à Paris (France), demeurant professionnellement à L-1116 Luxembourg,

4, rue Adolphe,

- Monsieur Hugo Vautier, né le 23 novembre 1982 à Echirolles (France), demeurant professionnellement à L-1116

Luxembourg, 4, rue Adolphe.

3. La personne suivante a été nommée commissaire aux comptes:
- Leeward Ventures Partners, enregistrée auprès du Registre du Commerce et des Sociétés sous le n° B 140.373 et

avec adresse au 4, rue Adolphe, L-1116 Luxembourg.

4. Le siège social de la Société est fixé au 165A, route de Longwy, L-4751 Pétange.
5. Le mandat des administrateurs et du commissaire aux comptes prendra fin à l'assemblée générale des actionnaires

approuvant les comptes de l'exercice social se terminant le 31 décembre 2018 ou à une date antérieure déterminée par
l'assemblée générale des actionnaires.

DONT ACTE, fait et passé à Luxembourg, à la date susmentionnée.
Et après lecture faite et interprétation donnée au mandataire des comparants, connu du notaire instrumentant par son

nom, prénom usuel, état et demeure, celui-ci a signé avec le notaire le présent acte.

Signé: L. LIBART, G. LECUIT.
Enregistré à Luxembourg Actes Civils, le 10 mai 2013. Relation: LAC/2013/21635. Reçu soixante-quinze euros (EUR

75,-).

Le Receveur (signé): I. THILL.

POUR EXPEDITION CONFORME, Délivrée à la société sur sa demande.

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Luxembourg.

POUR EXPEDITION CONFORME, Délivrée aux fins de publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 22 mai 2013.

Référence de publication: 2013067325/310.
(130083054) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 mai 2013.

Socade S.A., Société alimentaire d'Echternach S.A., Société Anonyme.

Siège social: L-8050 Bertrange, route d'Arlon (Belle Etoile).

R.C.S. Luxembourg B 93.392.

L'an deux mille treize.
Le quinze mai.
Par-devant Maître Henri BECK, notaire de résidence à Echternach (Grand-Duché de Luxembourg).
S'est tenue une assemblée générale extraordinaire des actionnaires de la société anonyme Société alimentaire d'Ech-

ternach S.A., en abrégé SOCADE S.A., avec siège social à L-6450 Echternach, 3, route de Luxembourg, inscrite au registre
de commerce et des sociétés à Luxembourg sous le numéro B 93.392 (NIN 1980 2200 172),

constituée suivant acte reçu par le notaire Frank BADEN, alors de résidence à Mersch, en date du 25 avril 1980, publié

au Mémorial C Recueil des Sociétés et Associations numéro 151 du 15 juillet 1980, et dont les statuts ont été modifiés
suivant acte reçu par le notaire Frank BADEN, alors de résidence à Luxembourg, en date du 19 décembre 1984, publié
au Mémorial C Recueil des Sociétés et Associations numéro 42 du 12 février 1985.

Le capital de la société a été converti en Euros en vertu d'une résolution prise par l'assemblée générale des actionnaires

en date du 18 juillet 2000, publiée par extrait au Mémorial C Recueil des Sociétés et Associations numéro 964 du 25 juin
2002.

Les statuts ont été modifiés en dernier lieu suivant acte reçu par le notaire instrumentant en date du 17 août 2007,

publié au Mémorial C Recueil des Sociétés et Associations numéro 2348 du 18 octobre 2007.

Le capital social s'élève actuellement à soixante-deux mille Euros (€ 62.000,-), représenté par deux mille cinq cents

(2.500) actions d'une valeur nominale de vingt-quatre Euros quatre-vingt Cents (€ 24,80) chacune.

L'assemblée est ouverte sous la présidence de Monsieur Maximilien dit Max LEESCH, commerçant, demeurant pro-

fessionnellement à L-8050 Bertrange, route d'Arlon, La Belle Etoile,

qui désigne comme secrétaire Monsieur Laurent TURPING, directeur-adjoint, demeurant professionnellement à

L-8050 Bertrange, route d'Arlon, La Belle Etoile,

et l'assemblée choisit comme scrutateur Monsieur Raymond NOCKELS, commerçant en retraite, demeurant à L-6212

Consdorf, 53, rue Hicht.

Le Bureau étant ainsi constitué, le Président expose et prie le notaire d'acter que:
L'ordre du jour de l'assemblée est conçu comme suit:
1.- a) Augmentation du capital social à concurrence du montant de SIX CENT MILLE CENT SOIXANTE EUROS (€

600.160,-) pour le porter de son montant actuel de SOIXANTE-DEUX MILLE EUROS (€ 62.000,-) au montant de SIX
CENT SOIXANTE-DEUX MILLE CENT SOIXANTE EUROS (€ 662.160,-) par la création de vingt-quatre mille deux
cents (24.200) actions nouvelles d'une valeur nominale de VINGT-QUATRE EUROS QUATRE-VINGT CENTS (€ 24,80),
ayant les mêmes droits et obligations que les actions existantes.

b) Constatation que les actionnaires BETSAH S.A. et RESUMA S.A. renoncent à leur droit de souscription préférentiel.
c) Souscription et libération des vingt-quatre mille deux cents (24.200) actions nouvelles comme suit:
- deux mille quatre cent vingt (2.420) actions nouvelles par l'actionnaire Madame Irène WIRTHOR, veuve de Monsieur

Jos NOCKELS, demeurant à L-6212 Consdorf, 55, rue Hicht, et libération de ces actions moyennant un versement en
numéraire du montant de SOIXANTE MILLE SEIZE EUROS (€ 60.016,-);

- mille deux cent dix (1.210) actions nouvelles par l'actionnaire Monsieur Raymond NOCKELS, demeurant à L-6212

Consdorf, 53, rue Hicht, et libération de ces actions moyennant un versement en numéraire du montant de TRENTE
MILLE HUIT EUROS (€ 30.008,-);

- mille deux cent dix (1.210) actions nouvelles par l'actionnaire Monsieur Gaston NOCKELS, demeurant à L-6212

Consdorf, 57, rue Hicht, et libération de ces actions moyennant un versement en numéraire du montant de TRENTE
MILLE HUIT EUROS (€ 30.008,-);

- six cent cinq (605) actions nouvelles par l'actionnaire Madame Sylvie SCHUMACHER, épouse de Monsieur Gaston

NOCKELS, demeurant à L-6212 Consdorf, 57, rue Hicht, et libération de ces actions moyennant un versement en nu-
méraire du montant de QUINZE MILLE QUATRE EUROS (€ 15.004,-);

- six cent cinq (605) actions nouvelles par l'actionnaire Madame Myriam SCHROEDER, épouse de Monsieur Raymond

NOCKELS, demeurant à L-6212 Consdorf, 53, rue Hicht, et libération de ces actions moyennant un versement en nu-
méraire du montant de QUINZE MILLE QUATRE EUROS (€ 15.004,-);

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- dix-huit mille cent cinquante (18.150) actions nouvelles par le nouvel actionnaire agréé, la société anonyme CACTUS

S.A., avec siège social à L-8050 Bertrange, Route d'Arlon, La Belle Etoile, inscrite au registre de commerce et des sociétés
à Luxembourg sous le numéro B 65.282, et libération de ces actions moyennant un versement en numéraire du montant
de QUATRE CENT CINQUANTE MILLE CENT VINGT EUROS (€ 450.120,-).

2.- Suppression de la valeur nominale des actions et constatation que le capital social de SIX CENT SOIXANTE-DEUX

MILLE CENT SOIXANTE EUROS (€ 662.160,-) sera désormais représenté par vingt-six mille sept cents (26.700) actions
sans désignation de valeur nominale.

3.- Réduction du capital social à concurrence du montant de SIX CENT MILLE CENT SOIXANTE EUROS (€ 600.160,-)

pour le ramener de son montant actuel de SIX CENT SOIXANTE-DEUX MILLE CENT SOIXANTE EUROS (€ 662.160,-)
à SOIXANTE-DEUX MILLE EUROS (€ 62.000,-) par amortissement à due concurrence des pertes figurant au bilan arrêté
au 31 décembre 2012 et par la réduction du pair comptable.

4.- Transfert du siège social d'Echternach à L-8050 Bertrange, route d'Arlon (Belle-Etoile).
5.- Refonte complète des statuts.
6.- Constatation que les mandats des administrateurs Monsieur Raymond NOCKELS et Madame Irène NOCKELS-

WIRTHOR ont expiré.

7.- Nomination de Madame Doris LEESCH, employée privée, demeurant professionnellement à L-8050 Bertrange,

Route d'Arlon, La Belle Etoile, en tant qu'administrateur de la société, son mandat expirant à l'Assemblée Générale
ordinaire devant statuer sur l'exercice 2013.

8.- Confirmation des mandats de Monsieur Maximilien dit Max LEESCH et de Monsieur Joseph dit Jeff LEESCH en tant

qu'administrateurs de la société, leur mandat expirant à l'Assemblée Générale ordinaire devant statuer sur l'exercice
2013.

9.- Acceptation de la démission de Monsieur Emile ELSEN de son poste de délégué à la gestion journalière avec décharge

pour l'exécution de son mandat.

II. Il a été établi une liste de présence, renseignant les actionnaires présents et représentés, ainsi que le nombre d'actions

qu'ils détiennent, laquelle, après avoir été signée par les actionnaires ou leurs mandataires et par les membres du Bureau,
sera enregistrée avec le présent acte ensemble avec les procurations paraphées «ne varietur» par les mandataires.

III. Il résulte de la liste de présence que toutes les actions sont présentes ou représentées à l'assemblée. Dès lors

l'assemblée est régulièrement constituée et peut valablement délibérer sur l'ordre du jour, dont les actionnaires ont pris
connaissance avant la présente assemblée.

IV. Après délibération, l'assemblée prend à l'unanimité des voix les résolutions suivantes:

Première résolution

a) L'assemblée générale décide d'augmenter le capital social à concurrence du montant de SIX CENT MILLE CENT

SOIXANTE EUROS (€ 600.160,-) pour le porter de son montant actuel de SOIXANTE-DEUX MILLE EUROS (€ 62.000,-)
au montant de SIX CENT SOIXANTE-DEUX MILLE CENT SOIXANTE EUROS (€ 662.160,-) par la création de vingt-
quatre mille deux cents (24.200) actions nouvelles d'une valeur nominale de VINGT-QUATRE EUROS QUATRE-VINGT
CENTS (€ 24,80), ayant les mêmes droits et obligations que les actions existantes.

b) L'assemblée générale constate que les actionnaires BETSAH S.A. et RESUMA S.A. renoncent à leur droit de sou-

scription préférentiel.

c) Souscription - Libération
La souscription et la libération des vingt-quatre mille deux cents (24.200) actions nouvelles aura lieu comme suit:
- deux mille quatre cent vingt (2.420) actions nouvelles par l'actionnaire Madame Irène WIRTHOR, veuve de Monsieur