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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° 2159

4 septembre 2013

SOMMAIRE

Aarbecht s.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

103628

Aberdeen Norden/Baltikum S.à r.l. . . . . . .

103625

ABN AMRO Multi-Manager Funds . . . . . . .

103626

AB-Road S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

103628

Absolute Blue S.A. . . . . . . . . . . . . . . . . . . . . .

103628

A Capital Management S.A. . . . . . . . . . . . . .

103625

AC & K S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

103628

Albany Molecular Luxembourg S.à r.l. . . .

103624

A.L.S. S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

103625

Asars Constructions S.à r.l. . . . . . . . . . . . . .

103586

Asia Pacific Performance . . . . . . . . . . . . . . .

103587

Assimmo Management . . . . . . . . . . . . . . . . .

103587

Aximo III S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

103586

Aximo V S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

103586

CA Holding Luxembourg S.A. . . . . . . . . . . .

103622

Capita Selecta S.A. . . . . . . . . . . . . . . . . . . . . .

103622

Circle Printers Luxembourg . . . . . . . . . . . .

103588

Clarendon Dartmouth Luxembourg S.C.A.

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

103623

CNG Luxembourg S.à r.l. . . . . . . . . . . . . . . .

103621

COF II (A) (Lux) Holdings SARL . . . . . . . .

103590

COF II (A) (Lux) SARL . . . . . . . . . . . . . . . . .

103589

COF II (B) (Lux) Holdings SARL . . . . . . . . .

103589

COF II (B) (Lux) SARL . . . . . . . . . . . . . . . . .

103589

Coiffure Exclusive S.à r.l. . . . . . . . . . . . . . . . .

103589

Compagnie Mobilière d'Investissements

Group S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

103590

Costa dei Fiori S.A. . . . . . . . . . . . . . . . . . . . . .

103589

Courlux (Europe) S.A. . . . . . . . . . . . . . . . . . .

103623

CPA Lux S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

103590

Cushman & Wakefield Industrial Luxem-

bourg Branch . . . . . . . . . . . . . . . . . . . . . . . . .

103622

Dafofin One S.A. . . . . . . . . . . . . . . . . . . . . . . .

103587

DayMen Group (Luxembourg) S.à r.l. . . . .

103588

DB II Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103588

Eastman Europe S.A. . . . . . . . . . . . . . . . . . . .

103624

Eclipp L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103624

Edmonton Holdings S.A. . . . . . . . . . . . . . . . .

103623

Eudial Services . . . . . . . . . . . . . . . . . . . . . . . . .

103587

Habay Lux S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

103591

Hellas Telecommunications IV . . . . . . . . . .

103591

Hellas Telecommunications (Luxem-

bourg) III . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103590

Hellas Telecommunications (Luxem-

bourg) V . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103591

Iceland Petroleum S.à r.l. . . . . . . . . . . . . . . .

103592

Meinauto s.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

103628

Palladium Securities 1 S.A. . . . . . . . . . . . . . .

103630

PAR 4 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103628

Pegasus S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

103629

Penta Partners Holding S.A. . . . . . . . . . . . .

103629

Pradera Central Management S.à r.l. . . . .

103629

Pradera Southern Management S.à r.l. . . .

103630

Praefinium . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103629

Proprio S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

103630

Ptolémée S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

103626

Solfia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

103631

Tecnospace SA . . . . . . . . . . . . . . . . . . . . . . . .

103616

Tekalux S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . .

103625

Triangulo SA . . . . . . . . . . . . . . . . . . . . . . . . . .

103621

Unisport Enterprises S.A. . . . . . . . . . . . . . . .

103621

103585

U X E M B O U R G

Aximo V S.A., Société Anonyme.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 134.283.

EXTRAIT

Il résulte du procès-verbal de l'Assemblée Générale Ordinaire statuant sur les comptes annuels au 31 décembre 2011,

tenue en date du 08 juillet 2013 que:

Sont réélus, jusqu'à l'Assemblée Générale Ordinaire qui se tiendra en l'année 2019:
- SEFIK BIRKIYE SPRL, avec siège sociale au 7, avenue Lloyd George, B-1000 Bruxelles (Belgique)
- Madame Mireille GEHLEN, demeurant professionnellement au 412F, route d'Esch, L-1471 Luxembourg
- Monsieur Jean-Hugues DOUBET, demeurant professionnellement au 412F, route d'Esch, L-1471 Luxembourg
Est réélu Administrateur-délégué pour la même période:
- SEFIK BIRKIYE SPRL
Est réélu Commissaire aux comptes pour la même période:
- La société H.R.T. Révision S.A., avec siège social au 163, rue du Kiem, L-8030 Strassen.
Est élu, en qualité d'Administrateur, jusqu'à l'Assemblée Générale Ordinaire qui se tiendra en l'année 2019:
- Monsieur Dogan Eray SERIMOZÛ, né le 02 mars 1959 à Incesu (Turquie), demeurant Avenue Jacques Brel 41/3,

B-1200 Bruxelles (Belgique).

Pour extrait conforme

Référence de publication: 2013098650/22.
(130119915) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2013.

Aximo III S.A., Société Anonyme.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 127.544.

EXTRAIT

Il résulte du procès-verbal de l'Assemblée Générale Ordinaire du 08 juillet 2013 statuant sur les comptes annuels au

31 décembre 2011 que:

Est élu, en qualité d'Administrateur, jusqu'à l'Assemblée Générale Ordinaire qui se tiendra en l'année 2017:
- Monsieur Dogan Eray SERIMOZÜ, né le 02 mars 1959 à Incesu (Turquie), demeurant Avenue Jacques Brel 41/03,

B-1200 Bruxelles (Belgique).

Pour extrait conforme

Référence de publication: 2013098648/14.
(130119856) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2013.

Asars Constructions S.à r.l., Société à responsabilité limitée.

Capital social: EUR 250.000,00.

Siège social: L-1637 Luxembourg, 24-28, rue Goethe.

R.C.S. Luxembourg B 63.479.

Cession de parts sociales

Il résulte d'une cession de parts sociales sous seing privé, intervenue en date du 29 mai 2013, que Monsieur Rahim

AGAAJANI, ingénieur diplômé, avec adresse professionnelle à L-1637 Luxembourg, 24-28, rue Goethe, a cédé cinq cents
(500) parts sociales de la société à responsabilité limitée «ASARS CONSTRUCTIONS, S.A R.L.», à Monsieur Gabriel
HOTTIER, Directeur technique, avec adresse professionnelle à L-1637 Luxembourg, 24-28, rue Goethe.

Avis certifié conforme
ASARS CONSTRUCTIONS S.A R.L.
Société à responsabilité limitée
Rahim AGAAJANI
Gérant

Référence de publication: 2013098628/18.
(130120271) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2013.

103586

U X E M B O U R G

Asia Pacific Performance, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 50.269.

Extrait des résolutions de l’Assemblée Générale Ordinaire tenue à Luxembourg le 30 avril 2013

L’Assemblée Générale Ordinaire a décidé:
1. de réélire Messieurs Daniel Thierry, Vincent Planche, Jean-Michel Gelhay, Jean-Luc Neyens, Frédéric Adam, Bertrand

De Virieu et Raphaël Gaillard, en qualité d’administrateurs pour le terme d’un an, prenant fin à la prochaine Assemblée
Générale Ordinaire en 2014,

2. de réélire KPMG Luxembourg S.à.r.l., avec siège social au 9, Allée Scheffer, L-2520 Luxembourg, en qualité de

Réviseur d’Entreprises pour le terme d’un an, prenant fin à la prochaine Assemblée Générale Ordinaire en 2014.

Luxembourg, le 20 juin 2013.

Pour ASIA PACIFIC PERFORMANCE
BANQUE DEGROOF LUXEMBOURG S.A.
Agent Domiciliataire
Corinne ALEXANDRE / Marc-André BECHET
- / Directeur

Référence de publication: 2013098629/20.
(130119914) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2013.

Eudial Services, Société à responsabilité limitée,

(anc. Assimmo Management).

Siège social: L-9980 Wilwerdange, 28, Geidgerweeg.

R.C.S. Luxembourg B 159.457.

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.

Esch-sur-Alzette, le 27 juin 2013.

Pour la société
Anja HOLTZ
Le notaire

Référence de publication: 2013098630/14.
(130120486) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juillet 2013.

Dafofin One S.A., Société Anonyme.

Siège social: L-2522 Luxembourg, 6, rue Guillaume Schneider.

R.C.S. Luxembourg B 77.978.

EXTRAIT

Il résulte de l'assemblée générale ordinaire tenue extraordinairement en date du 26 juin 2013 que le mandat des

personnes suivantes est renouvelé et ce jusqu'à l'assemblée générale ordinaire qui statuera sur les comptes arrêtés au
31 décembre 2013:

- Madame Patrizia MONTAGNI, en tant qu'administrateur de catégorie A et Président du Conseil d'Administration;
- Monsieur Donato CORTESI, en tant qu'administrateur de catégorie A et Vice-président du Conseil d'Administration;
- Monsieur Piero Carlo ROSSI, en tant qu'administrateur de catégorie A;
- Monsieur Patrick MOINET, en tant qu'administrateur de catégorie A;
- Monsieur Olivier LIEGEOIS, en tant qu'administrateur de catégorie A;
- KPMG AUDIT S.à r.l., en tant que commissaire.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Pour extrait conforme

Luxembourg, le 17 juillet 2013.

Référence de publication: 2013100461/20.
(130122301) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

103587

U X E M B O U R G

DB II Sàrl, Société à responsabilité limitée.

Capital social: EUR 1.683.500,00.

Siège social: L-1931 Luxembourg, 13-15, avenue de la Liberté.

R.C.S. Luxembourg B 178.177.

Extrait des résolutions de l’associé unique

En date du 15 juillet 2013, l'associé unique de la Société a pris les résolutions suivantes:
- d'accepter la démission de Monsieur Abdelhakim CHAGAAR, en tant que gérant de catégorie B de la Société et ce

avec effet immédiat.

- de nommer Monsieur Michael VERHULST, né le 25 août 1969 à Almelo, Pays-Bas, demeurant professionnellement

au 13-15, avenue de la Liberté, L-1931 Luxembourg, en tant que gérant de catégorie B de la Société, et ce avec effet
immédiat et pour une durée illimitée.

Le conseil de gérance de la Société se compose désormais comme suit:

Gérant de catégorie A:

- Josine NEFKENS

Gérants de catégorie B:

- Richard BREKELMANS
- Joost TULKENS
- Michael VERHULST
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 18 juillet 2013.

Stijn Curfs
Mandataire

Référence de publication: 2013100462/26.
(130122382) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

DayMen Group (Luxembourg) S.à r.l., Société à responsabilité limitée.

Capital social: EUR 570.173,00.

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

R.C.S. Luxembourg B 150.660.

1. La nouvelle adresse de l'associé Robin Riley se situe au 223, Hing Fong Road, Metroplaza Tower 2, Unit 901-902,

Kwai Fong, Hong Kong, Hong Kong.

2. La nouvelle adresse professionnelle des associés Peter Hill et Randy Dannewitz se situe au 1435, North McDowell

Street, Suite 200, CA 94954 Petaluma, Etats-Unis.

3. Lors de l'Assemblée Générale Annuelle tenue en date du 10 juillet 2013, les associés ont accepté la démission de

Gilbert Roberts, avec adresse professionnelle au 1435, North Mc Dowell Street, Suite 200, CA 94954 Petaluma, Etats-
Unis, de son mandat de Gérant de catégorie A, avec effet au 31 mai 2013.

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

Luxembourg, le 17 juillet 2013.

Référence de publication: 2013100456/17.
(130122114) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

Circle Printers Luxembourg, Société Anonyme.

Siège social: L-2520 Luxembourg, 9, allée Scheffer.

R.C.S. Luxembourg B 70.986.

Les comptes annuels au 31 décembre 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Ce dépôt remplace le dépôt n° L130121037.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Un mandataire

Référence de publication: 2013100429/11.
(130121972) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

103588

U X E M B O U R G

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

Siège social: L-4067 Esch-sur-Alzette, 15, rue du Commerce.

R.C.S. Luxembourg B 85.456.

Le Bilan abrege 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, le 17/07/2013.

Référence de publication: 2013100434/10.
(130121806) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

COF II (B) (Lux) SARL, Société à responsabilité limitée.

Capital social: USD 22.500,00.

Siège social: L-1855 Luxembourg, 44, avenue J.F. Kennedy.

R.C.S. Luxembourg B 148.351.

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.

Luxembourg, le 17 juillet 2013.

Référence de publication: 2013100433/10.
(130122186) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

COF II (B) (Lux) Holdings SARL, Société à responsabilité limitée.

Capital social: USD 22.500,00.

Siège social: L-1855 Luxembourg, 44, avenue J.F. Kennedy.

R.C.S. Luxembourg B 148.350.

Luxembourg, le 17 juillet 2013.

Référence de publication: 2013100432/10.
(130122052) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

COF II (A) (Lux) SARL, Société à responsabilité limitée.

Capital social: USD 22.500,00.

Siège social: L-1855 Luxembourg, 44, avenue J.F. Kennedy.

R.C.S. Luxembourg B 148.352.

Luxembourg, le 16 juillet 2013.

Référence de publication: 2013100431/10.
(130121757) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

Costa dei Fiori S.A., Société Anonyme.

Siège social: L-1114 Luxembourg, 3, rue Nicolas Adames.

R.C.S. Luxembourg B 39.245.

Extrait du procès-verbal de la réunion du conseil d'administration du 10 juin 2013

Le Conseil d'Administration décide de nommer Monsieur Pierre SCHILL, avec adresse professionnelle au 18a, bou-

levard de la Foire, L-1528 LUXEMBOURG, comme Président du Conseil d'Administration pour une période venant à
échéance à l'assemblée générale ordinaire statuant sur les comptes de l'exercice 2016.

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

103589

U X E M B O U R G

Pour la société
Signature

Référence de publication: 2013100442/14.
(130121975) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

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

Siège social: L-1660 Luxembourg, 84, Grand-rue.

R.C.S. Luxembourg B 173.354.

Suite au contrat de cession et de fiducie du 3 juin 2013, 1.250 parts sociales de CPA Lux S.à r.l., 84, Grand-Rue, L-166G

Luxembourg, RCS 173 354 (soit 100% des parts sociales de CPA Lux S,à r.l.) ont été transférées à CBP Quilvest S.A, 7
rue Thomas Edison L-1445 Strassen, RCS B 117 963.

Référence de publication: 2013100443/10.
(130122071) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

CO.MO.I. Group S.A., Compagnie Mobilière d'Investissements Group S.A., Société Anonyme.

Siège social: L-1946 Luxembourg, 9-11, rue de Louvigny.

R.C.S. Luxembourg B 73.191.

Les statuts coordonnés au 10/07/2013 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.

Redange-sur-Attert, le 18/07/2013.

Me Cosita Delvaux
Notaire

Référence de publication: 2013100436/12.
(130122285) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

COF II (A) (Lux) Holdings SARL, Société à responsabilité limitée.

Capital social: USD 22.500,00.

Siège social: L-1855 Luxembourg, 44, avenue J.F. Kennedy.

R.C.S. Luxembourg B 148.353.

Luxembourg, le 17 juillet 2013.

Référence de publication: 2013100430/10.
(130122637) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 juillet 2013.

Hellas Telecommunications (Luxembourg) III, Société en Commandite par Actions.

Siège social: L-1470 Luxembourg, 50, route d'Esch.

R.C.S. Luxembourg B 107.291.

EXTRAIT

Suivant ordonnance («Court order») du 5 juillet 2013, la «High Court of Justice, Chancery Division, Companies Court»

sise à Londres, a déclaré en application de la loi anglaise, close la procédure d'insolvabilité dite «Administration» ouverte
contre la Société en application de la loi anglaise et de l'article 3 du règlement (CE) n°1346/2000 du Conseil du 8 mai
2000 relatif aux procédures d'insolvabilité.

La nomination des Coadministrateurs judiciaires (Syndics) a cessé de produire ses effets à compter de la date de la

prédite ordonnance.

Les Coadministrateurs (Syndics) de la Société seront dégagés de leurs responsabilités en ce qui concerne toutes leurs

actions en tant qu'administrateurs judiciaires de la Société au terme du délai de 14 jours suivant le dépôt du rapport final
de suivi auprès du conservateur du registre des sociétés.

Une copie de l'ordonnance du 5 juillet 2013 ainsi qu'une traduction en français sont déposées ensemble avec le présent

avis au Registre de Commerce et des Sociétés de Luxembourg.

103590

U X E M B O U R G

Luxembourg, le 19 juillet 2013.

Pour extrait conforme
Un mandataire

Référence de publication: 2013101471/22.
(130123318) Déposé au registre de commerce et des sociétés de Luxembourg, le 19 juillet 2013.

Hellas Telecommunications (Luxembourg) V, Société en Commandite par Actions.

Siège social: L-1470 Luxembourg, 50, route d'Esch.

R.C.S. Luxembourg B 107.289.

EXTRAIT

Suivant ordonnance («Court order») du 5 juillet 2013, la «High Court of Justice, Chancery Division, Companies Court»

La nomination des Coadministrateurs judiciaires (Syndics) a cessé de produire ses effets à compter de la date de la

prédite ordonnance.

Les Coadministrateurs (Syndics) de la Société seront dégagés de leurs responsabilités en ce qui concerne toutes leurs

actions en tant qu'administrateurs judiciaires de la Société au terme du délai de 14 jours suivant le dépôt du rapport final
de suivi auprès du conservateur du registre des sociétés.

Une copie de l'ordonnance du 5 juillet 2013 ainsi qu'une traduction en français sont déposées ensemble avec le présent

avis au Registre de Commerce et des Sociétés de Luxembourg.

Luxembourg, le 19 juillet 2013.

Pour extrait conforme
Un mandataire

Référence de publication: 2013101472/22.
(130123316) Déposé au registre de commerce et des sociétés de Luxembourg, le 19 juillet 2013.

Hellas Telecommunications IV, Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1470 Luxembourg, 50, route d'Esch.

R.C.S. Luxembourg B 107.290.

EXTRAIT

Suivant ordonnance («Court order») du 5 juillet 2013, la «High Court of Justice, Chancery Division, Companies Court»

La nomination des Coadministrateurs judiciaires (Syndics) a cessé de produire ses effets à compter de la date de la

prédite ordonnance.

Les Coadministrateurs (Syndics) de la Société seront dégagés de leurs responsabilités en ce qui concerne toutes leurs

actions en tant qu'administrateurs judiciaires de la Société au terme du délai de 14 jours suivant le dépôt du rapport final
de suivi auprès du conservateur du registre des sociétés.

Une copie de l'ordonnance du 5 juillet 2013 ainsi qu'une traduction en français sont déposées ensemble avec le présent

avis au Registre de Commerce et des Sociétés de Luxembourg.

Luxembourg, le 19 juillet 2013.

Pour extrait conforme
Un mandataire

Référence de publication: 2013101473/23.
(130123317) Déposé au registre de commerce et des sociétés de Luxembourg, le 19 juillet 2013.

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

Siège social: L-3370 Leudelange, 5, Zone Industrielle Grasbusch.

R.C.S. Luxembourg B 111.491.

Les comptes annuels au 31 décembre 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.

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Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013101474/9.
(130123557) Déposé au registre de commerce et des sociétés de Luxembourg, le 19 juillet 2013.

Iceland Petroleum S.à r.l., Société à responsabilité limitée.

Capital social: EUR 30.000,00.

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

R.C.S. Luxembourg B 178.745.

STATUTES

In the year two thousand and thirteen, on the sixth day of June,
before us, Maître Francis Kesseler notary residing in Esch-sur-Alzette, Grand Duchy of Luxembourg,

There appeared:

Valgard Valgardsson, an Icelandic citizen, born in Iceland on September 2, 1980, bearer of a passport no A2166852,

issued by PJÓDSKRÁ on October 5, 2009 and expiring on October 5, 2014 with residence at 20 the Grove, Radlett,
WD7 7NF Hetz, United Kingdom (VV),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Eldur Ólafsson, an Icelandic citizen, born in Iceland on July 24, 1985, bearer of a passport no A2282176, issued by

PJÓDSKRÁ on September 11, 2012 and expiring on September 11, 2017 with residence at 1, Barrowfield drive, BN3
6TF, Hove, United Kingdom (EO),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Fáfnisbani ehf, an Icelandic private limited company, registered under the number 420497-2459 and with registered

office at Bræðraborgarstigur 21B, 101 Reykjavik, Iceland (Fáfnisbani) represented by Pröstur Ólafsson, acting in its capacity
as director of Fáfnisbani,

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Kristján Jóhannsson, an Icelandic citizen, born in Iceland on January 4, 1951, bearer of a passport no A1123222, issued

by ÚTLENDINGASTOFNUN on January 22, 2013 and expiring on January 22, 2014 with residence at Frostaskjól 65, 107
Reykjavik, Iceland (KJ),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Gísli Baldur Garðarson, an Icelandic citizen, born in Iceland on November 1, 1950, bearer of a passport no A2115159,

issued by PJÓDSKRÁ on December 3, 2008 and expiring on December 3, 2013 with residence at Solvallargotu 8, 101
Reykjavik, Iceland (GG),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Einar Benediktsson, an Icelandic citizen, born in Iceland on May 6, 1951, bearer of a passport no A2128655, issued by

PJÓDSKRÁ on June 26, 2009 and expiring on June 26, 2014 with residence at Nestrod 5, 170 Seltjarnanes, Iceland (EB),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Oliuverzlun Islands hf., an Icelandic public limited liability company, registered under the number 500269-3249 and

with registered office at Armuli 4, 108 Reykjavik, Iceland (Oliuverzlun Islands) represented by Baldvin Porsteinsson and
Heirorun Jonsdottir, acting in their capacity as directors of Oliuverzlun Islands,

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Verkis hf., an Icelandic public limited liability company, registered under the number 611276-0286 and with registered

office at Armuli 4, 108 Reykjavik, Iceland (Verkis),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal;

Graham Duncan Stewart, a Scottish citizen, born in Scotland on August 24, 1960, bearer of a passport no 801416037,

issued by IPS on July 9, 2010 and expiring on November 9, 2020 with residence at 44 Morningfield Road, Aberdeen, AB15
4AQ, United Kingdom (GS),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal; and

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Michael Evans, a Welsh citizen, born in Wales on January 22, 1959, bearer of a passport no 503531794, issued by IPS

on February 25, 2011 and expiring on July 25, 2021 with residence at Merton, Corsee Road, Banchory, Aberdeenshire,
AB31 5RS, United Kingdom (ME and together with VV, EO, Fáfnisbani, KJ, GG, EB, Oliuverzlun Islands, Verkis and GS,
the Founding Shareholders),

here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, with professional address in Esch-sur-

Alzette, Grand Duchy of Luxembourg, by virtue of a proxy given under private seal.

The said proxies, after having been signed ne varietur by the proxyholder of the appearing parties and the undersigned

notary, shall remain attached to this notarial deed to be filed at the same time with the registration authorities.

Such appearing parties, represented as described above, have requested the undersigned notary to document the deed

of incorporation of a private limited liability company (société à responsabilité limitée) which they deem to incorporate
and the articles of association of which shall be as follows:

ARTICLES OF ASSOCIATION

Art. 1. Definitions. In the interpretation of these articles of association unless the context otherwise indicates, the

following terms shall have the following meanings:

Articles

means these articles of association of the Company, as amended from time to time.

Board

means the board of managers of the Company, if several Managers have been appointed.

Business Day

means any day (other than a Saturday or Sunday) on which commercial banks are usually
open for business in Luxembourg.

Chairman

means the chairman of the Board from time to time.

Company

means Iceland Petroleum S.à r.l.

General Meeting

means the general meeting of the Shareholders.

Law

means the company law of August 10, 1915 on commercial companies, as amended from
time to time.

Managers

means the persons appointed as such by the General Meeting and Manager means any of
them.

Shareholders

means the persons registered in the register of shareholders of the Company, in application
of article 185 of the Law, as the holders of the Shares from time to time and Shareholder
means any of them.

Shareholders Circular
Resolutions

shall have the meaning ascribed to such term in article 10.

means the shares in registered form in the share capital of the Company having a par value
of one Euro (EUR 1.-) each and Share means any of them.

Sole Manager

means the sole manager of the Company.

Sole Shareholder

means the sole person registered in the register of shareholders of the Company, in
application of article 185 of the Law, as the only holder of the Shares from time to time.

Art. 2. Form and Name. The name of the Company is "Iceland Petroleum S.à r.l.". The Company is a private limited

liability company (société à responsabilité limitée) governed by the present Articles, the Law and the relevant legislation.

The Company may have a Sole Shareholder or Shareholders. Any reference to the Shareholders in the Articles shall

be a reference to the Sole Shareholder if the Company has only one (1) Shareholder.

Art. 3. Corporate Objects. The purpose of the Company is the holding of and investment in oil exploration and

processing companies. The Company may in particular hold and invest in oil exploration and process licenses, and more
generally invest in any form whatsoever in oil and energy related business.

The Company may borrow in any form except by way of public offer and proceed by private placement only to the

issue of bonds, notes, debentures or any kind of debt or equity securities.

The Company may lend funds, including without limitation, resulting from any borrowings of the Company and/or

from the issue of any equity or debt securities of any kind, to its subsidiaries, affiliated companies and/or any other
companies or entities it deems fit.

The Company may further guarantee, grant security in favor of or otherwise assist the companies in which it holds a

direct or indirect participation or which form part of the same group of companies as the Company. The Company may
further give guarantees, pledge, transfer or encumber or otherwise create security over some or all of its assets to
guarantee its own obligations and those of any other company, and generally for its own benefit and that of any other
company or person. For the avoidance of doubt, the Company may not carry out any regulated activities of the financial
sector without having obtained the required authorization.

The Company may further act as a general or limited member with unlimited or limited liability for all debts and

obligations of partnerships or similar entities.

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The Company may use any techniques and instruments to efficiently manage its investments and to protect itself against

credit risks, currency exchange exposure, interest rate risks and other risks.

The Company may, for its own account as well as for the account of third parties, carry out all operations (including,

without limitation, transactions with respect to real estate or movable property) which may be useful or necessary to
the accomplishment of its purpose or which are directly or indirectly related to its purpose.

Art. 4. Duration. The Company is formed for an unlimited duration.

Art. 5. Registered Office. The registered office of the Company is established in Luxembourg. It may be transferred

to any other place in the Grand Duchy of Luxembourg by a resolution of the General Meeting. Within the boundaries of
the municipality of Luxembourg, the registered office may be transferred by a resolution of the Board or, in the case of
a sole Manager, by a decision of the Sole Manager.

The Board or, as the case may be, the Sole Manager, shall further have the right to set up branches, subsidiaries or

other offices wherever it shall deem fit, either within or outside the Grand Duchy of Luxembourg.

Where the Board or, as the case may be, the Sole Manager, determines that extraordinary political or military deve-

lopments or events have occurred or are imminent and that these developments or events 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 ex-
traordinary circumstances. Such temporary measures shall have no effect on the nationality of the Company which,
notwithstanding the temporary transfer of its registered office, will remain a Luxembourg incorporated company.

Art. 6. Share Capital. The subscribed share capital of the Company is set at thirty thousand Euro (EUR 30,000.-),

represented by thirty thousand (30,000) Shares having a par value of one Euro (EUR 1.-) each. The Company's subscribed
share capital may be increased or reduced by a resolution adopted by the General Meeting in the manner required for
the amendment to the Articles, as prescribed in article 11 below.

Art. 7. Shares. All Shares are in registered form, fully subscribed and entirely paid up.
A register of the Shareholders will be kept at the registered office, where it will be available for inspection by any

Shareholder. Such register shall set forth the name of each Shareholder, his/her/its residence or elected domicile, the
number of Shares held by him/her/it, the amounts paid in on each such Share, and the transfer/subscription of Shares and
the dates of such transfers/subscriptions as well as any security rights granted on the Shares from time to time. Each
Shareholder will notify the Company by registered letter his/her/its address and any change thereof. The Company may
rely on the last address of a Shareholder received by it. The ownership of the Shares will be established by the entry in
this register.

Certificates of these entries may be issued to the Shareholders and such certificates, if any, will be signed by the

Chairman or by any two (2) Managers or, as the case may be, the Sole Manager.

The Company will recognize only one (1) holder per Share. In case a Share is held by more than one (1) person, the

Company has the right to suspend the exercise of all rights attached to that Share until one (1) person has been appointed
as sole owner in relation to the Company. The same rule shall apply in the case of conflict between a usufruct holder
(usufruitier) and a bare owner (nu-propriétaire) or between a pledgor and a pledgee.

The Company may repurchase or redeem its own Shares provided that the repurchased or redeemed Shares be

immediately cancelled and the subscribed share capital of the Company reduced accordingly.

Art. 8. Transfer of Shares. Shares are freely transferable among the Shareholders. Except if otherwise provided by law,

the transfer of Shares to third parties is subject to the prior consent of the Shareholders representing at least three-
quarters (3/4) of the Company's subscribed share capital. The transfer of Shares to third parties by reason of a
Shareholder's death must be approved by the Shareholders representing three-quarters (3/4) of the rights owned by the
survivors.

The transfer of the Shares may be effected by a written declaration of transfer entered in the register of the Share-

holders, such declaration of transfer to be dated and executed by the transferor and the transferee or by the persons
holding suitable powers of attorney or in accordance with the provisions applying to the transfer of claims provided for
in article 1690 of the Luxembourg civil code.

The Company may also accept as evidence of transfer other instruments of transfer evidencing the consent of the

transferor and the transferee satisfactory to the Company.

Art. 9. Powers of the General Meeting. As long as the Company has only one (1) Shareholder, the Sole Shareholder

assumes all powers conferred to the General Meeting. In these Articles, decisions taken, or powers exercised, by the
General Meeting shall be a reference to decisions taken, or powers exercised, by the Sole Shareholder as long as the
Company has only one (1) Shareholder. Decisions taken by the Sole Shareholder are documented by way of written
minutes.

In the case of a plurality of Shareholders, any regularly constituted General Meeting shall represent the entire body of

Shareholders. It shall have the broadest powers to order, carry out or ratify acts relating to all the operations of the
Company.

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U X E M B O U R G

Art. 10. Annual General Meeting - Other General Meetings. If the number of Shareholders exceeds twenty-five (25),

the annual General Meeting shall be held, in accordance with the Law, at the address of the registered office of the
Company or at such other place in the municipality of the registered office as may be specified in the convening notice
of the General Meeting, on the third Thursday in June of each year at 4:00 p.m. If such day is not a Business Day, the
annual General Meeting shall be held on the next following Business Day.

Notwithstanding the above, the annual General Meeting may be held abroad if, in the absolute and final judgment of

the Board or, as the case may be, the Sole Manager, exceptional circumstances so require.

Other General Meetings may be held at such place and time as may be specified in the respective convening notices

of the General Meeting.

Resolutions of the Shareholders shall be adopted at a General Meeting or by way of circular resolutions (the Share-

holders Circular Resolutions) in case the number of Shareholders is less than or equal to twenty-five (25).

Where resolution(s) is/are to be adopted by way of Shareholders Circular Resolutions, each Shareholder shall be sent

an explicit draft of the resolution(s) to be passed, and shall sign the resolution(s). Shareholders Circular Resolutions signed
by all the Shareholders shall be valid and binding as if passed at a General Meeting duly convened and held and shall bear
the date of the last signature.

Art. 11. Notice, Quorum, Convening notices, Powers of attorney and Vote. The Shareholders shall be convened to

the General Meetings or consulted in writing at the initiative of (i) any Manager or, as the case may be, the Sole Manager,
(ii) the statutory auditor (if any) or (iii) Shareholders representing more than one-half (1/2) of the Company's subscribed
share capital.

Written convening notice of any General Meeting shall be given to all Shareholders by registered mail to their address

appearing in the register of Shareholders held by the Company at least eight (8) calendar days in advance of the date of
the General Meeting, except in case of emergency, the nature and circumstances of which shall be set forth in the
convening notice of the General Meeting.

If all the Shareholders are present and/or represented at a General Meeting and consider themselves as being duly

convened and informed of the agenda of the meeting, the General Meeting may be held without prior written convening
notice.

A Shareholder may act at any General Meeting by appointing another person, who need not be a Shareholder, as its

proxy in writing whether in original, by telefax or e-mail to which an electronic signature (which is valid under Luxembourg
law) is affixed.

Any Shareholder may participate in a General Meeting by conference call, video conference or similar means of com-

munications equipment whereby (i) all the Shareholders attending the General Meeting can be identified, (ii) all persons
participating in the General Meeting can hear and speak to each other, (iii) the transmission of the General Meeting is
performed on an on-going basis and (iv) the Shareholders can properly deliberate. Participating in a General Meeting by
such means shall constitute presence in person at such General Meeting.

Resolutions to be adopted at General Meetings shall be passed by Shareholders owning more than one-half (1/2) of

the Company's subscribed share capital. If this majority is not reached at the first General Meeting, the Shareholders shall
be convened by registered letters to a second General Meeting and the resolutions shall be adopted at the second General
Meeting by a majority of the votes cast, regardless of the proportion of the subscribed share capital represented.

The Articles may be amended with the consent of a majority (in number) of Shareholders owning at least three-quarters

(3/4) of the Company's subscribed share capital.

Any change in the nationality of the Company and any increase of a Shareholder's commitment in the Company shall

require the unanimous consent of the Shareholders.

Each Share is entitled to one (1) vote at General Meetings.

Art. 12. Management. The Company shall be managed by one (1) or several Manager(s) who need not be Shareholders.
The Manager(s) shall be appointed by the General Meeting. The General Meeting shall also determine the number of

Managers, their remuneration and the term of their office. A Manager may be removed with or without cause and/or
replaced, at any time, by a resolution adopted by the General Meeting.

If several Managers are appointed, they shall constitute the Board.
Where the Company is managed by a Board, each Manager shall be assigned either an A or a B signatory power.

Art. 13. Meetings of the Board. The Board shall appoint a Chairman among its members and may choose a secretary,

who need not be a Manager and who shall be responsible for keeping the minutes of the meetings of the Board, the
resolutions passed at the General Meeting or of the resolutions passed by the Sole Shareholder. The Chairman will preside
at all meetings of the Board. In his/her absence, the other Managers will appoint another Chairman pro tempore who
will preside at the relevant meeting by simple majority vote of the Managers present and/or represented at such meeting.

The Board shall meet upon call by the Chairman or any two (2) Managers at the place indicated in the convening notice

of the meeting.

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U X E M B O U R G

Written convening notice of any meeting of the Board shall be given to all the Managers at least twenty-four (24) hours

in advance of the date set for such meeting, except in circumstances of emergency, in which case the nature of such
circumstances shall be set forth briefly in the convening notice of the meeting of the Board.

No such written convening notice is required if all the Managers are present and/or represented during the meeting

and if they state to have been duly informed and to have had full knowledge of the agenda of the meeting. The written
convening notice may be waived by the consent in writing, whether in original, by telefax or e-mail to which an electronic
signature (which is valid under Luxembourg law) is affixed, of each Manager. Separate written convening notice shall not
be required for meetings that are held at times and places determined in a schedule previously adopted by a resolution
of the Board.

Any Manager may act at any meeting of the Board by appointing in writing, whether in original, by telefax or e-mail to

which an electronic signature (which is valid under Luxembourg law) is affixed, another Manager as his or her proxy.

The Board can validly debate and take decisions only if at least the majority of its members is present and/or represented

and at least one (1) category A manager and at least one (1) category B manager are present and/or represented. A
Manager may represent more than one of his or her colleagues, provided however that at least two (2) Managers are
present at the meeting or participate at such meeting by way of any means of communication that are permitted under
the Articles and the Law. Decisions are taken by the majority of the Managers present and/or represented provided that
any resolution shall not validly be passed unless it is approved by at least one (1) category A Manager and at least one (1)
category B Manager.

In case of a tied vote, the Chairman of the meeting shall have a casting vote. Any Manager may participate in a meeting

of the Board by conference call, video conference or similar means of communications equipment whereby (i) all Managers
attending the meeting can be identified, (ii) all persons participating in the meeting can hear and speak to each other, (iii)
the transmission of the meeting is performed on an on¬going basis and (iv) the Managers can properly deliberate. Parti-
cipating in a meeting by such means shall constitute presence in person at such meeting. A meeting of the Board held by
such means of communication will be deemed to be held in Luxembourg.

Notwithstanding the foregoing, a resolution of the Board may also be passed in writing, in case of urgency or where

other exceptional circumstances so require. Such written resolution shall consist of one or several documents containing
the resolution and signed, manually or electronically by means of an electronic signature (which is valid under Luxembourg
law) by each Manager. The date of such resolution shall be the date of the last signature.

Article 13 does not apply in the case that the Company is managed by a Sole Manager.

Art. 14. Minutes of meetings of the Board or minutes of resolutions of the Sole Manager. The resolutions passed by

the Sole Manager shall be documented by written minutes kept at the Company's registered office.

The minutes of any meeting of the Board shall be signed by the Chairman or a member of the Board who presided at

such meeting or all the Managers present at such meeting. The minutes of the resolutions taken by the Sole Manager shall
be signed by the Sole Manager.

Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise shall be signed by the

Chairman, any two (2) Managers or the Sole Manager (as the case may be).

Art. 15. Powers of the Board. The Board or, as the case may be, the Sole Manager is vested with the broadest powers

to manage the business of the Company and to authorize and/or perform or cause to be performed all acts of disposal
and administration falling within the corporate objects of the Company.

All powers not expressly reserved by the Law or by the Articles to the General Meeting fall within the competence

of the Board or, as the case may be, the Sole Manager.

Art. 16. Delegation of powers. The Board may appoint a person (délégué à la gestion journalière), either a Shareholder

or not, or a member of the Board or not, who shall have full authority to act on behalf of the Company in all matters
concerned with the daily management and affairs of the Company.

The Board may appoint a person, either a Shareholder or not, either a Manager or not, as permanent representative

for any entity in which the Company is appointed as member of the board of directors. This permanent representative
shall act with all discretion, but in the name and on behalf of the Company, and may bind the Company in its capacity as
member of the board of directors of any such entity.

The Board is also authorized to appoint a person, either Manager or not, for the purposes of performing specific

functions at every level within the Company.

Art. 17. Binding signatures. The Company shall be bound towards third parties in all matters by (i) the joint signatures

of one (1) category A Manager and one (1) category B Manager or as the case may be, (ii) the sole signature of the Sole
Manager.

The Company shall be further bound towards third parties in matters not exceeding a commitment by the Company

of an amount of one thousand Euro (EUR 1,000.-) by the sole signature of any Manager.

The Company shall further be bound by the joint signatures of any persons or the sole signature of the person to

whom specific signatory power has been granted by the Board or the Sole Manager, but only within the limits of such

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U X E M B O U R G

power. Within the boundaries of the daily management, the Company will be bound by the sole signature, as the case
may be, of the person appointed to that effect in accordance with the first paragraph of article 16 above.

Art. 18. Liability of the Manager(s). The Manager(s) do not assume, by reason of their position, any personal liability

in relation to commitments regularly made by them in the name of the Company provided such commitments comply
with the Articles and the Law. They are authorized agents only and are therefore merely responsible for the execution
of their mandate.

Art. 19. Audit. If the number of Shareholders exceeds twenty-five (25), the operations of the Company shall be su-

pervised by one (1) or more statutory auditor(s) (commissaire(s) aux comptes), or, where required by the Law, an
independent external auditor (réviseur d'entreprises agréé).

The Shareholders shall appoint the statutory auditor(s) (commissaire(s) aux comptes), if any and the independent

external auditor (réviseur d'entreprises agréé), if any, and determine their number, remuneration and the term of their
office, which may not exceed six (6) years. The statutory auditor(s) (commissaire(s) aux comptes) and the independent
external auditor (réviseur d'entreprises agréé) may be re-appointed.

Art. 20. Accounting Year. The accounting year of the Company shall begin on January first (1

) and ends on December

thirty-first (31

) of each year.

Art. 21. Annual Accounts. Every year as of the accounting year's end, the Board or, as the case may be, the Sole

Manager will draw up the annual accounts of the Company in the form required by the Law.

Each Shareholder may inspect the above inventory and annual accounts at the Company's registered office.

Art. 22. Distributions. From the annual net profits of the Company, five percent (5%) shall be allocated to the reserve

required by law. This allocation shall cease to be required as soon as such legal reserve amounts to ten percent (10%) of
the subscribed share capital of the Company as stated or as increased or reduced from time to time as provided in article
6 above, but shall again be compulsory if the reserve falls below such one-tenth (1/10).

The annual General Meeting shall determine the allocation of the remainder of the annual net profits and may decide

to pay dividends from time to time as in its discretion it believes best suits the corporate purpose and policy and within
the limits of the Law.

Interim dividends may be distributed, at any time, under the following conditions:
(i) interim accounts are drawn up by the Board or, as the case may be, the Sole Manager;
(ii) such interim accounts show that sufficient profits and other reserves (including share premiums) are available for

distribution, it being understood that the amount to be distributed may not exceed profits made since the end of the last
accounting year for which the annual accounts have been approved, if any, increased by carried forward profits and
distributable reserves, and decreased by carried forward losses and sums to be allocated to the legal reserve;

(iii) the Company's auditor, if any, has stated in his/her report to the Board or, as the case may be, the Sole Manager,

that items (i) and (ii) above have been satisfied;

(iv) the decision to distribute interim dividends must be taken by the Shareholders or the Board, or as the case may

be, the Sole Manager, within two (2) months from the date of the interim accounts;

(v) the rights of the creditors of the Company are not threatened, taking into account the assets of the Company; and
(vi) where the interim dividends paid exceed the distributable profits at the end of the accounting year, the Shareholders

must refund the excess to the Company.

Art. 23. Dissolution. The Company is not dissolved by reason of the death, suspension of civil rights, incapacity,

bankruptcy, insolvency or any similar event affecting one (1) or several Shareholders.

The Company may be dissolved, at any time, by a resolution of the General Meeting adopted in the manner required

for the amendment to the Articles, as prescribed in article 11 above. In the event of a dissolution of the Company, the
liquidation shall be carried out by one (1) or several liquidators (who may be physical persons or legal entities) appointed
by the General Meeting deciding such liquidation. Such General Meeting shall also determine the powers and the remu-
neration of the liquidator(s).

The surplus, after realization of the assets and the payment of the liabilities, shall be distributed among the Shareholders

proportionally to the Shares held by them.

Art. 24. Applicable law. All matters not expressly governed by these Articles shall be determined in accordance with

the Law and, subject to any non-waivable provisions of the applicable law, any agreement entered into by the Shareholders
from time to time.

Transitional provisions

The first accounting year begins today and ends on December 31, 2013.

Subscriptions and Payments

The Articles having thus been established, the Founding Shareholders hereby declare that:

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U X E M B O U R G

Valgard Valgardsson, represented as described above, hereby declares that he subscribes to eight thousand seven

hundred twenty-one (8,721) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of ten
thousand six Euro twenty Euro cents (EUR 10,006.20) being the Euro equivalent of one million five hundred thirty thou-
sand Icelandic Krone (ISK 1,530,000.-) pursuant to the official exchange rate published on the website of Ouanda
(www.ouanda.com) on May 7, 2013 (of ISK 1 = EUR 0.00654) consisting of one million five hundred thirty thousand
(1,530,000) shares (the VV Shares) that VV holds in the share capital of Íslenskt Kolvetni ehf., a company governed by
Iceland law, with registered office at Hofdatun 2, 101 Reykjavik, Iceland, registered under number 670312-1350 (Íslenskt
Kolvetni) such VV Shares representing thirty point six per cent (30.6%) of the share capital of Íslenskt Kolvetni to be
allocated as follows:

- an amount of eight thousand seven hundred twenty-one Euro (EUR 8,721.-) shall be allocated to the share capital

nominal account of the Company; and

- an amount of one thousand two hundred eighty-five Euro twenty Euro cents (EUR 1,285.20) shall be allocated to the

share premium reserve account of the Company.

The valuation of the contribution in kind of the VV Shares is evidenced by inter alia (i) the annual accounts of Íslenskt

Kolvetni (the Annual Accounts) signed by the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date
hereof by VV. It results from such certificate that, as of the date of such certificate:

- the attached Annual Accounts show a participation of VV in Íslenskt Kolvetni in an amount of at least ten thousand

six Euro twenty Euro cents (EUR 10,006.20);

- VV is the legal and beneficial owner of the VV Shares representing thirty point six per cent (30.6%) of the share capital

of Íslenskt Kolvetni;

- the VV Shares are fully paid-up and VV is solely entitled to the VV Shares and possesses the power to dispose of the

VV Shares;

- based on generally accepted accounting principles, the fair market value of the VV Shares contributed to the Company

is, as per the attached Annual Accounts, of at least ten thousand six Euro twenty Euro cents (EUR 10,006.20) and since
the date of the Annual Accounts, no material changes have occurred which would have depreciated the contribution
made to the Company;

- according to applicable law and the articles of association of Íslenskt Kolvetni, the VV Shares contributed to the

Company are freely transferable by VV to the Company;

- none of the VV Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge or

usufruct on the VV Shares and none of the VV Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the VV Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by VV immediately upon receipt of a certified copy of the notarial deed documenting the
contribution of the VV Shares by VV to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by VV and the undersigned notary, will

remain annexed to the present deed to be filed with the registration authorities.

Eldur Ólafsson, represented as described above, hereby declares that he subscribes to eight thousand seven hundred

twenty-one (8,721) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of ten thousand
six Euro twenty Euro cents (EUR 10,006.20) being the Euro equivalent of one million five hundred thirty thousand Icelandic
Krone (ISK 1,530,000.-) pursuant to the official exchange rate published on the website of Ouanda (www.ouanda.com)
on May 7, 2013 (of ISK 1 = EUR 0.00654) consisting of one million five hundred thirty thousand (1,530,000) shares (the
EO Shares) that EO holds in the share capital of Íslenskt Kolvetni such EO Shares representing thirty point six per cent
(30.6%) of the share capital of Íslenskt Kolvetni to be allocated as follows:

- an amount of eight thousand seven hundred twenty-one Euro (EUR 8,721.-) shall be allocated to the share capital

nominal account of the Company; and

- an amount of one thousand two hundred eighty-five Euro twenty Euro cents (EUR 1,285.20) shall be allocated to the

share premium reserve account of the Company.

The valuation of the contribution in kind of the EO Shares is evidenced by inter alia (i) the Annual Accounts signed by

the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by EO. It results from such certificate
that, as of the date of such certificate:

- the attached Annual Accounts show a participation of EO in Íslenskt Kolvetni in an amount of at least ten thousand

six Euro twenty Euro cents (EUR 10,006.20);

- EO is the legal and beneficial owner of the EO Shares representing thirty point six per cent (30.6%) of the share

capital of Íslenskt Kolvetni;

- the EO Shares are fully paid-up and EO is solely entitled to the EO Shares and possesses the power to dispose of

the EO Shares;

103598

U X E M B O U R G

- based on generally accepted accounting principles, the fair market value of the EO Shares contributed to the Company

- according to applicable law and the articles of association of Íslenskt Kolvetni, the EO Shares contributed to the

Company are freely transferable by EO to the Company;

- none of the EO Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge or

usufruct on the EO Shares and none of the EO Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the EO Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by EO immediately upon receipt of a certified copy of the notarial deed documenting the
contribution of the EO Shares by EO to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by EO and the undersigned notary, will

remain annexed to the present deed to be filed with the registration authorities.

Fáfnisbani, represented as described above, hereby declares that it subscribes to two thousand five hundred sixty-five

(2,565) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of two thousand nine hundred
forty-three Euro (EUR 2,943.-) being the Euro equivalent of amount of four hundred fifty thousand Icelandic Krone (ISK
450,000.-) pursuant to the official exchange rate published on the website of Ouanda (www.ouanda.com) on May 7, 2013
(of ISK 1 = EUR 0.00654) consisting of four hundred fifty thousand (450,000) shares (the Fáfnisbani Shares) that Fáfnisbani
holds in the share capital of Íslenskt Kolvetni such Fáfnisbani Shares representing nine per cent (9%) of the share capital
of Íslenskt Kolvetni to be allocated as follows:

- an amount of two thousand five hundred sixty-five Euro (EUR 2,565.-) shall be allocated to the share capital nominal

account of the Company; and

- an amount of three hundred seventy-eight Euro (EUR 378.-) shall be allocated to the share premium reserve account

of the Company.

The valuation of the contribution in kind of Fáfnisbani Shares is evidenced by inter alia (i) the Annual Accounts signed

by the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by Fáfnisbani. It results from
such certificate that, as of the date of such certificate:

- the attached Annual Accounts show a participation of Fáfnisbani in Íslenskt Kolvetni in an amount of at least two

thousand nine hundred forty-three Euro (EUR 2,943.-);

- Fáfnisbani is the legal and beneficial owner of the Fáfnisbani Shares representing nine per cent (9%) of the share capital

of Íslenskt Kolvetni;

- the Fáfnisbani Shares are fully paid-up and Fáfnisbani is solely entitled to the Fáfnisbani Shares and possesses the

power to dispose of the Fáfnisbani Shares;

- based on generally accepted accounting principles, the fair market value of the Fáfnisbani Shares contributed to the

Company is, as per the attached Annual Accounts, of at least two thousand nine hundred forty-three Euro (EUR 2,943.-)
and since the date of the Annual Accounts, no material changes have occurred which would have depreciated the con-
tribution made to the Company;

- according to applicable law and the articles of association of Íslenskt Kolvetni, the Fáfnisbani Shares contributed to

the Company are freely transferable by Fáfnisbani to the Company;

- none of the Fáfnisbani Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge

or usufruct on the Fáfnisbani Shares and none of the Fáfnisbani Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the Fáfnisbani Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by Fáfnisbani immediately upon receipt of a certified copy of the notarial deed documenting
the contribution of the Fáfnisbani Shares by Fáfnisbani to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by Fáfnisbani and the undersigned notary,

will remain annexed to the present deed to be filed with the registration authorities.

Kristján Johannsson, represented as described above, hereby declares that he subscribes to one thousand five hundred

thirty-nine (1,539) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of one thousand
seven hundred sixty-five Euro eighty Euro cents (EUR 1,765.80) being the Euro equivalent of two hundred seventy thou-
sand Icelandic Krone (ISK 270,000.-) pursuant to the official exchange rate published on the website of Ouanda
(www.ouanda.com) on May 7, 2013 (of ISK 1 = EUR 0.00654) consisting of two hundred seventy thousand (270,000)
shares (the KJ Shares) that KJ holds in the share capital of Íslenskt Kolvetni such KJ Shares representing five point four
per cent (5.4%) of the share capital of Íslenskt Kolvetni to be allocated as follows:

103599

U X E M B O U R G

- an amount of one thousand five hundred thirty-nine Euro (EUR 1,539.-) shall be allocated to the share capital nominal

account of the Company; and

- an amount of two hundred twenty-six Euro eighty Euro cents (EUR 226.80) shall be allocated to the share premium

reserve account of the Company.

The valuation of the contribution in kind of the KJ Shares is evidenced by inter alia (i) the Annual Accounts signed by

the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by KJ. It results from such certificate
that, as of the date of such certificate:

- the attached Annual Accounts show a participation of KJ in Íslenskt Kolvetni in an amount of at least one thousand

seven hundred sixty-five Euro eighty Euro cents (EUR 1,765.80);

- KJ is the legal and beneficial owner of the KJ Shares representing five point four per cent (5.4%) of the share capital

of Íslenskt Kolvetni;

- the KJ Shares are fully paid-up and KJ is solely entitled to the KJ Shares and possesses the power to dispose of the

KJ Shares;

- based on generally accepted accounting principles, the fair market value of the KJ Shares contributed to the Company

is, as per the attached Annual Accounts, of at least one thousand seven hundred sixty-five Euro eighty Euro cents (EUR
1,765.80) and since the date of the Annual Accounts, no material changes have occurred which would have depreciated
the contribution made to the Company;

- according to applicable law and the articles of association of Íslenskt Kolvetni, the KJ Shares contributed to the

Company are freely transferable by KJ to the Company;

- none of the KJ Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge or

usufruct on the KJ Shares and none of the KJ Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the KJ Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by KJ immediately upon receipt of a certified copy of the notarial deed documenting the
contribution of the KJ Shares by KJ to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by KJ and the undersigned notary, will

remain annexed to the present deed to be filed with the registration authorities.

Gísli Baldur Garðarson, represented as described above, hereby declares that he subscribes to one thousand five

hundred thirty-nine (1,539) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of one
thousand seven hundred sixty-five Euro eighty Euro cents (EUR 1,765.80) being the Euro equivalent of two hundred
seventy thousand Icelandic Krone (ISK 270,000.-) pursuant to the official exchange rate published on the website of
Ouanda (www.ouanda.com) on May 7, 2013 (of ISK 1 = EUR 0.00654) consisting of two hundred seventy thousand
(270,000) shares (the GG Shares) that GG holds in the share capital of Íslenskt Kolvetni such GG Shares representing
five point four per cent (5.4%) of the share capital of Íslenskt Kolvetni to be allocated as follows:

- an amount of one thousand five hundred thirty-nine Euro (EUR 1,539.-) shall be allocated to the share capital nominal

account of the Company; and

- an amount of two hundred twenty-six Euro eighty Euro cents (EUR 226.80) shall be allocated to the share premium

reserve account of the Company.

The valuation of the contribution in kind of the GG Shares is evidenced by inter alia (i) the Annual Accounts signed

by the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by GG. It results from such
certificate that, as of the date of such certificate:

- the attached Annual Accounts show a participation of GG in Íslenskt Kolvetni in an amount of at least one thousand

seven hundred sixty-five Euro eighty Euro cents (EUR 1,765.80);

- GG is the legal and beneficial owner of the GG Shares representing five point four per cent (5.4%) of the share capital

of Íslenskt Kolvetni;

- the GG Shares are fully paid-up and GG is solely entitled to the GG Shares and possesses the power to dispose of

the GG Shares;

- based on generally accepted accounting principles, the fair market value of the GG Shares contributed to the Company

- according to applicable law and the articles of association of Íslenskt Kolvetni, the GG Shares contributed to the

Company are freely transferable by GG to the Company;

- none of the GG Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge or

usufruct on the GG Shares and none of the GG Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the GG Shares be transferred to him;

103600

U X E M B O U R G

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by GG immediately upon receipt of a certified copy of the notarial deed documenting the
contribution of the GG Shares by GG to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by GG and the undersigned notary, will

remain annexed to the present deed to be filed with the registration authorities.

Einar Benediktsson, represented as described above, hereby declares that he subscribes to one thousand five hundred

thirty-nine (1,539) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of one thousand
seven hundred sixty-five Euro eighty Euro cents (EUR 1,765.80) being the Euro equivalent of two hundred seventy thou-
sand Icelandic Krone (ISK 270,000.-) pursuant to the official exchange rate published on the website of Ouanda
(www.ouanda.com) on May 7, 2013 (of ISK 1 = EUR 0.00654) consisting of two hundred seventy thousand (270,000)
shares (the EB Shares) that EB holds in the share capital of Íslenskt Kolvetni such EB Shares representing five point four
per cent (5.4%) of the share capital of Íslenskt Kolvetni to be allocated as follows:

- an amount of one thousand five hundred thirty-nine Euro (EUR 1,539) shall be allocated to the share capital nominal

account of the Company; and

- an amount of two hundred twenty-six Euro eighty Euro cents (EUR 226.80) shall be allocated to the share premium

reserve account of the Company.

The valuation of the contribution in kind of the EB Shares is evidenced by inter alia (i) the Annual Accounts signed by

the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by EB. It results from such certificate
that, as of the date of such certificate:

- the attached Annual Accounts show a participation of EB in Íslenskt Kolvetni in an amount of at least one thousand

seven hundred sixty-five Euro eighty Euro cents (EUR 1,765.80);

- EB is the legal and beneficial owner of the EB Shares representing five point four per cent (5.4%) of the share capital

of Íslenskt Kolvetni;

- the EB Shares are fully paid-up and EB is solely entitled to the EB Shares and possesses the power to dispose of the

EB Shares;

- based on generally accepted accounting principles, the fair market value of the EB Shares contributed to the Company

- according to applicable law and the articles of association of Íslenskt Kolvetni, the EB Shares contributed to the

Company are freely transferable by EB to the Company;

- none of the EB Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge or

usufruct on the EB Shares and none of the EB Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the EB Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by EB immediately upon receipt of a certified copy of the notarial deed documenting the
contribution of the EB Shares by EB to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by EB and the undersigned notary, will

remain annexed to the present deed to be filed with the registration authorities.

Oliuverzlun Islands represented as described above, hereby declares that it subscribes to five hundred thirteen (513)

Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of five hundred eighty-eight Euro sixty
Euro cents (EUR 588.60) being the Euro equivalent of ninety thousand Icelandic Krone (ISK 90,000.-) pursuant to the
official exchange rate published on the website of Ouanda (www.ouanda.com) on May 7, 2013 (of ISK 1 = EUR 0.00654)
consisting of ninety thousand (90,000) shares (the Oliuverzlun Islands Shares) that Oliuverzlun Islands holds in the share
capital of Íslenskt Kolvetni such Oliuverzlun Islands Shares representing one point eight per cent (1.8%) of the share
capital of Íslenskt Kolvetni to be allocated as follows:

- an amount of five hundred thirteen Euro (EUR 513) shall be allocated to the share capital nominal account of the

Company; and

- an amount of seventy-five Euro sixty Euro cent (EUR 75.60) shall be allocated to the share premium reserve account

of the Company.

The valuation of the contribution in kind of the Oliuverzlun Islands Shares is evidenced by inter alia (i) the Annual

Accounts signed by the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by Oliuverzlun
Islands. It results from such certificate that, as of the date of such certificate:

- the attached Annual Accounts show a participation of Oliuverzlun Islands in Íslenskt Kolvetni in an amount of at least

five hundred eighty-eight Euro sixty Euro cents (EUR 588.60);

- Oliuverzlun Islands is the legal and beneficial owner of the Oliuverzlun Islands Shares representing one point eight

per cent (1.8%) of the share capital of Íslenskt Kolvetni;

103601

U X E M B O U R G

- the Oliuverzlun Islands Shares are fully paid-up and Oliuverzlun Islands is solely entitled to the Oliuverzlun Islands

Shares and possesses the power to dispose of the Oliuverzlun Islands Shares;

- based on generally accepted accounting principles, the fair market value of the Oliuverzlun Islands Shares contributed

to the Company is, as per the attached Annual Accounts, of at least five hundred eighty-eight Euro sixty Euro cents (EUR
588.60) and since the date of the Annual Accounts, no material changes have occurred which would have depreciated
the contribution made to the Company;

- according to applicable law and the articles of association of Íslenskt Kolvetni, the Oliuverzlun Islands Shares con-

tributed to the Company are freely transferable by Oliuverzlun Islands to the Company;

- none of the Oliuverzlun Islands Shares are encumbered with any pledge or usufruct, there exists no right to acquire

any pledge or usufruct on the Oliuverzlun Islands Shares and none of the Oliuverzlun Islands Shares are subject to any
attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the Oliuverzlun Islands Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by Oliuverzlun Islands immediately upon receipt of a certified copy of the notarial deed
documenting the contribution of the Oliuverzlun Islands Shares by Oliuverzlun Islands to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by Oliuverzlun Islands and the under-

signed notary, will remain annexed to the present deed to be filed with the registration authorities.

Verkis, represented as described above, hereby declares that it subscribes to five hundred thirteen (513) Shares, and

fully pays up such Shares by a payment in kind in the aggregate amount of five hundred eighty-eight Euro sixty Euro cents
(EUR 588.60) being the Euro equivalent of ninety thousand Icelandic Krone (ISK 90,000.-) pursuant to the official exchange
rate published on the website of Ouanda (www.ouanda.com) on May 7, 2013 (of ISK 1 = EUR 0.00654) consisting of
ninety thousand (90,000) shares (the Verkis Shares) that Verkis holds in the share capital of Íslenskt Kolvetni such Verkis
Shares representing one point eight per cent (1.8%) of the share capital of Íslenskt Kolvetni to be allocated as follows:

- an amount of five hundred thirteen Euro (EUR 513) shall be allocated to the share capital nominal account of the

Company; and

- an amount of seventy-five Euro sixty Euro cent (EUR 75.60) shall be allocated to the share premium reserve account

of the Company.

The valuation of the contribution in kind of the Verkis Shares is evidenced by inter alia (i) the Annual Accounts signed

by the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by Verkis. It results from such
certificate that, as of the date of such certificate:

- the attached Annual Accounts show a participation of Verkis in Íslenskt Kolvetni in an amount of at least five hundred

eighty-eight Euro sixty Euro cents (EUR 588.60);

- Verkis is the legal and beneficial owner of the Verkis Shares representing one point eight per cent (1.8%) of the share

capital of Íslenskt Kolvetni;

- the Verkis Shares are fully paid-up and Verkis is solely entitled to the Verkis Shares and possesses the power to

dispose of the Verkis Shares;

- based on generally accepted accounting principles, the fair market value of the Verkis Shares contributed to the

Company is, as per the attached Annual Accounts, of at least five hundred eighty-eight Euro sixty Euro cents (EUR 588.60)
and since the date of the Annual Accounts, no material changes have occurred which would have depreciated the con-
tribution made to the Company;

- according to applicable law and the articles of association of Íslenskt Kolvetni, the Verkis Shares contributed to the

Company are freely transferable by Verkis to the Company;

- none of the Verkis Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge

or usufruct on the Verkis Shares and none of the Verkis Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the Verkis Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by Verkis immediately upon receipt of a certified copy of the notarial deed documenting
the contribution of the Verkis Shares by Verkis to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by Verkis and the undersigned notary,

will remain annexed to the present deed to be filed with the registration authorities.

Graham Duncan Stewart, represented as described above, hereby declares that he subscribes to two thousand eight

hundred fifty (2,850) Shares, and fully pays up such Shares by a payment in kind in the aggregate amount of three thousand
two hundred seventy Euro (EUR 3,270.-) being the Euro equivalent of amount five hundred thousand Icelandic Krone
(ISK 500,000.-) pursuant to the official exchange rate published on the website of Ouanda (www.ouanda.com) on May 7,
2013 (of ISK 1 = EUR 0.00654) consisting of five hundred thousand (500,000) shares (the GS Shares) that GS holds in

103602

U X E M B O U R G

the share capital of Íslenskt Kolvetni such GS Shares representing ten per cent (10%) of the share capital of Íslenskt
Kolvetni to be allocated as follows:

- an amount of two thousand eight hundred fifty Euro (EUR 2,850) shall be allocated to the share capital nominal

account of the Company; and

- an amount of four hundred twenty Euro (EUR 420.-) shall be allocated to the share premium reserve account of the

Company.

The valuation of the contribution in kind of the GS Shares is evidenced by inter alia (i) the Annual Accounts signed by

the representatives of Íslenskt Kolvetni and (ii) a certificate issued on the date hereof by GS. It results from such certificate
that, as of the date of such certificate:

- the attached Annual Accounts show a participation of GS in Íslenskt Kolvetni in an amount of at least three thousand

two hundred seventy Euro (EUR 3,270.-);

- GS is the legal and beneficial owner of the GS Shares representing ten per cent (10%) of the share capital of Íslenskt

Kolvetni;

- the GS Shares are fully paid-up and GS is solely entitled to the GS Shares and possesses the power to dispose of the

GS Shares;

- based on generally accepted accounting principles, the fair market value of the GS Shares contributed to the Company

is, as per the attached Annual Accounts, of at least three thousand two hundred seventy Euro (EUR 3,270.-) and since
the date of the Annual Accounts, no material changes have occurred which would have depreciated the contribution
made to the Company;

- according to applicable law and the articles of association of Íslenskt Kolvetni, the GS Shares contributed to the

Company are freely transferable by GS to the Company;

- none of the GS Shares are encumbered with any pledge or usufruct, there exists no right to acquire any pledge or

usufruct on the GS Shares and none of the GS Shares are subject to any attachment;

- there exists no pre-emption rights nor any other rights by virtue of which any person may be entitled to demand

that one or more of the GS Shares be transferred to him;

- all formalities required in Iceland to transfer the legal and beneficial ownership of the Shares to the Company have

been or will be accomplished by GS immediately upon receipt of a certified copy of the notarial deed documenting the
contribution of the GS Shares by GS to the Company;

Such certificate and a copy of the Annual Accounts, after signature ne varietur by GS and the undersigned notary, will

remain annexed to the present deed to be filed with the registration authorities.

Michael Evans, represented as described above, hereby declares that he subscribes to one thousand five hundred

(1,500) Shares, and fully pays up such Shares by a payment in cash, so that the sum of one thousand five hundred Euro
(EUR 1,500.-) paid by ME is from now on at the free disposal of the Company, evidence thereof having been given to the
officiating notary.

These subscriptions represent the total subscribed share capital of the Company.
All the thirty thousand (30,000) Shares have been fully paid up by the Founding Shareholders by payments in kind and

in cash, so that the aggregate sum of thirty-four thousand two hundred Euro (EUR 34,200.-) paid by the Founding Sha-
reholders and allocated as follows is from now on at the free disposal of the Company:

- an amount of thirty thousand Euro (EUR 30,000.-) shall be allocated to the share capital nominal account of the

Company; and

- an amount of four thousand two hundred Euro (EUR 4,200.-) shall be allocated to the share premium reserve account

of the Company.

Statement - Costs

The notary executing this notarial deed declares that the conditions prescribed by articles 182 and 183 of the Law

have been fulfilled and expressly bears witness to their fulfillment. Further, the notary executing this deed confirms that
these Articles comply with the provisions of articles 27 and 184 of the Law.

The expenses, costs, remunerations and charges in any form whatsoever, which shall be borne by the Company as a

result of the present deed are estimated to be approximately two thousand euro (EUR 2,000.-).

Resolutions of the shareholders

The Founding Shareholders, represented as described above, representing the total subscribed share capital of the

Company, have passed the following resolutions unanimously:

(a) the number of managers of the Company is set at three (3);
(b) the following person is appointed as category A manager of the Company:
- Kristján Johannsson, an Icelandic citizen, born in Iceland on January 4, 1951,with residence at Frostaskjól 65, 107

Reykjavik, Iceland;

103603

U X E M B O U R G

- Lucinda Clifton-Bryant, a British citizen, born on October 18, 1977 in Acchen (Great Britain), with professional

address at 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; and

- Gerard van Hunen, a Dutch citizen, born on September 15, 1967 in Gravenhage (the Netherlands), with professional

address at 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg.

(d) the members of the Board are appointed for an undetermined period; and
(e) the address of the registered office of the Company is set 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy

of Luxembourg.

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

parties, the present deed is worded in English followed by a French version. At the request of the same appearing parties
and in case of divergences between the English and the French versions, the English version will prevail.

Whereof, the present notarial deed was drawn up in Esch/Alzette, on the day named at the beginning of this document.
This document having been read to the proxyholder of the Founding Shareholders, who is known to the undersigned

notary by his/her surname, name, civil status and residence, the said proxyholder of the appearing parties signed the
present deed together with the undersigned notary.

Suit la traduction en français du texte qui précède:

L'an deux mil treize, le six juin, par-devant Maître Francis Kesseler, notaire demeurant à Esch-sur-Alzette, Grand-

Duché de Luxembourg,

A comparu:

Valgard Valgardsson, citoyen islandais, né en la République d'Islande le 2 septembre 1980, porteur du passeport n°

A2166852, délivré par PJÓDSKRÁ le 5 octobre 2009 et expirant le 5 octobre 2014, ayant son adresse à 20 the Grove,
Radlett, WD7 7NF Hetz, Royaume-Uni (VV),