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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° 1158

8 mai 2014

SOMMAIRE

7Miglia S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55540

Alatus UCITS . . . . . . . . . . . . . . . . . . . . . . . . . .

55556

Allegro Group S.à r.l. . . . . . . . . . . . . . . . . . . .

55549

Arta Grafica Luxe . . . . . . . . . . . . . . . . . . . . . .

55538

Aventics Holding S.à r.l. . . . . . . . . . . . . . . . .

55582

Capital International Management Com-

pany . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55571

Castelerand Finance S.A. . . . . . . . . . . . . . . .

55538

Consultim Investissements S.A. . . . . . . . . .

55541

CoreCommodity Strategy Fund . . . . . . . . .

55547

Daripod Holding S.A. . . . . . . . . . . . . . . . . . . .

55571

Energy Asset Management S.à r.l. . . . . . . .

55548

Eperlan Participations S.A. . . . . . . . . . . . . . .

55584

Epos Invest S.A. . . . . . . . . . . . . . . . . . . . . . . . .

55584

Etive Investments S.A. . . . . . . . . . . . . . . . . . .

55539

Europe 27 S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

55543

Eye Shelter S.A. . . . . . . . . . . . . . . . . . . . . . . . .

55540

Guardian Eastern Europe Investments S.à

r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55549

Interteil Investissements S.A. . . . . . . . . . . .

55538

J. & M. S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55544

L.T.T. Holding S.A. . . . . . . . . . . . . . . . . . . . . .

55542

M 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55555

Marc Blondeau (Luxembourg) S.A. . . . . . .

55541

Nord-Finance . . . . . . . . . . . . . . . . . . . . . . . . . .

55541

Ossiam Lux . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55545

Poppediño S.A. . . . . . . . . . . . . . . . . . . . . . . . .

55539

Poseidon S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

55543

Prognosia Fund S.A., SICAV . . . . . . . . . . . .

55544

Ragtime Investissements S.A. . . . . . . . . . . .

55540

Randeor Holding S.A. . . . . . . . . . . . . . . . . . . .

55547

Rice BidCo S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

55582

Road and Fast Holding S.A. . . . . . . . . . . . . .

55542

RO Investments S.A. . . . . . . . . . . . . . . . . . . .

55544

Selmira S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

55545

"SFP", SICAV . . . . . . . . . . . . . . . . . . . . . . . . . .

55548

Solutions 30 SE . . . . . . . . . . . . . . . . . . . . . . . .

55546

Sorephar S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

55542

Sorum Strategies S.A. . . . . . . . . . . . . . . . . . .

55539

Strategie Pro Rendite SICAV-FIS . . . . . . . .

55549

TAMAC Global Managers (Lux) . . . . . . . . .

55571

Touchstone Holding S.A. . . . . . . . . . . . . . . .

55543

VIG Finance S.à r.l. . . . . . . . . . . . . . . . . . . . . .

55549

Zurich Real Estate S.A. . . . . . . . . . . . . . . . . .

55548

55537

U X E M B O U R G

Interteil Investissements S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint-Mathieu.

R.C.S. Luxembourg B 156.970.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mercredi 28 mai 2014 à 10:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2013.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Décision à prendre conformément à l'article 100 de la loi du 10 août 1915 concernant les sociétés commerciales.
5. Nominations statutaires.
6. Divers.

Le Conseil d'Administration.

Référence de publication: 2014063822/1267/17.

Castelerand Finance S.A., Société Anonyme.

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

R.C.S. Luxembourg B 113.651.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 19 mai 2014 à 10.30 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

2. approbation des comptes annuels au 31 décembre 2013;
3. affectation des résultats au 31 décembre 2013;
4. vote spécial conformément à l'article 100 de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. ratification de la cooptation d'un Administrateur et décharge accordée à l'Administrateur démissionnaire;
6. décharge aux Administrateurs et au Commissaire aux Comptes;
7. divers.

Le Conseil d'Administration.

Référence de publication: 2014050207/10/19.

Arta Grafica Luxe, Société Anonyme.

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

R.C.S. Luxembourg B 58.509.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 20 mai 2014 à 11.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

2. approbation des comptes annuels au 31 décembre 2013;
3. affectation des résultats au 31 décembre 2013;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. divers.

Le Conseil d'Administration.

Référence de publication: 2014051506/10/18.

55538

U X E M B O U R G

Poppediño S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 156.081.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mercredi 28 mai 2014 à 14:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2014063824/1267/17.

Etive Investments S.A., Société Anonyme.

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

R.C.S. Luxembourg B 150.154.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 20 mai 2014 à 17.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Directoire et du rapport du Commissaire aux Comptes portant sur les comptes

annuels de l'exercice se clôturant au 31 décembre 2013;

2. approbation des comptes annuels au 31 décembre 2013;
3. affectation des résultats au 31 décembre 2013;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Membres du Directoire, aux Membres du Conseil de Surveillance et au Commissaire aux Comptes;
6. divers.

LE DIRECTOIRE.

Référence de publication: 2014051511/10/18.

Sorum Strategies S.A., Société Anonyme.

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

R.C.S. Luxembourg B 146.917.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 20 mai 2014 à 10.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

Le Conseil d'Administration.

Référence de publication: 2014051510/10/19.

55539

U X E M B O U R G

Eye Shelter S.A., Société Anonyme.

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

R.C.S. Luxembourg B 159.398.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 21 mai 2014 à 17.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

Le Conseil d'Administration.

Référence de publication: 2014051513/10/18.

Ragtime Investissements S.A., Société Anonyme.

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

R.C.S. Luxembourg B 132.148.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 21 mai 2014 à 10.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

2. approbation des comptes annuels au 31 décembre 2013;
3. affectation des résultats au 31 décembre 2013;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. ratification de la cooptation d'un administrateur et décharge accordée à l'administrateur démissionnaire;
6. décharge aux Administrateurs et au Commissaire aux Comptes;
7. divers.

Le Conseil d'Administration.

Référence de publication: 2014052699/10/19.

7Miglia S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 156.077.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mercredi 28 mai 2014 à 14:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2014063823/1267/17.

55540

U X E M B O U R G

Consultim Investissements S.A., Société Anonyme.

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

R.C.S. Luxembourg B 127.995.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 21 mai 2014 à 9.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

2. approbation des comptes annuels au 31 décembre 2013;
3. affectation des résultats au 31 décembre 2013;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. ratification de la cooptation d'un administrateur et décharge accordés à l'administrateur démissionnaire;
6. décharge aux Administrateurs et au Commissaire aux Comptes;
7. divers.

Le Conseil d'Administration.

Référence de publication: 2014052702/10/19.

Marc Blondeau (Luxembourg) S.A., Société Anonyme.

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

R.C.S. Luxembourg B 73.739.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 30 mai 2014 à 11.00 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant

sur l'exercice se clôturant au 31 décembre 2013;

Le Conseil d'Administration.

Référence de publication: 2014051514/10/18.

Nord-Finance, Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 37.445.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mardi 20 mai 2014 à 16:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2013.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Décision à prendre conformément à l´article 100 de la loi du 10 août 1915 concernant les sociétés commerciales.
5. Nominations statutaires.
6. Divers.

Le Conseil d'Administration.

Référence de publication: 2014058913/1267/17.

55541

U X E M B O U R G

Road and Fast Holding S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint-Mathieu.

R.C.S. Luxembourg B 163.820.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mercredi 21 mai 2014 à 13:30 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2013.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Décision à prendre conformément à l´article 100 de la loi du 10 août 1915 concernant les sociétés commerciales.
5. Nominations statutaires.
6. Divers.

Le Conseil d´Administration.

Référence de publication: 2014058915/1267/17.

L.T.T. Holding S.A., Société Anonyme.

Siège social: L-1840 Luxembourg, 11B, boulevard Joseph II.

R.C.S. Luxembourg B 67.920.

Messieurs les Actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

Qui se tiendra le 16 mai 2014 à 15 heures dans les bureaux de l'Etude Tabery & Wauthier, 10 rue Pierre d'Aspelt,

L-1142 Luxembourg

Ordre du jour:

1. Ratification de la nomination par cooptation d'un nouvel Administrateur et décharge;
2. Rapports du Conseil d'Administration et du Commissaire aux Comptes;
3. Approbation des bilan et compte de Profits et Pertes au 31/12/2013;
4. Affectation du résultat;
5. Délibération conformément à l'article 100 de la loi fondamentale sur les sociétés commerciales telle que modifiée;
6. Décharge aux Administrateurs et Commissaire aux Comptes;
7. Divers.

Le Conseil d'Administration.

Référence de publication: 2014058150/322/19.

Sorephar S.A., Société Anonyme.

Siège social: L-1143 Luxembourg, 2BIS, rue Astrid.

R.C.S. Luxembourg B 44.399.

Messieurs les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE STATUTAIRE

des actionnaires qui se tiendra le 16 mai 2014 à 11.00 heures au siège social à Luxembourg pour délibérer de l'ordre

du jour suivant:

Ordre du jour:

1. Rapport du Conseil d'Administration et du Commissaire aux Comptes
2. Approbation des bilan, compte de pertes et profits et affectation des résultats au 31.12.2013
3. Décharge aux administrateurs et au commissaire aux comptes
4. Délibération et décision sur la dissolution éventuelle de la société conformément à l'article 100 de la loi du 10 août

1915

5. Divers

Le Conseil d'Administration.

Référence de publication: 2014059695/788/18.

55542

U X E M B O U R G

Touchstone Holding S.A., Société Anonyme.

Siège social: L-1325 Luxembourg, 3, rue de la Chapelle.

R.C.S. Luxembourg B 46.174.

The shareholders of the Company are hereby convened to the

ANNUAL GENERAL MEETING

which will be held at the registered office 3, rue de la Chapelle, L-1325 Luxembourg, on May 16

th

, 2014 at 10.00

a.m. with the following agenda:

Agenda:

1. Submission of the reports of the board of directors and of the statutory auditor;
2. Approval of the Balance Sheet as of (i) December 31

, 2011 and (ii) December 31

, 2012 and the related

statements of profit and loss for the periods then ended;

3. Special vote on the discharge to the directors and the statutory auditor;
4. Decision concerning the eventual dissolution of the Company in accordance with article 100 of the Luxembourg

law on commercial companies;

5. Miscellaneous.

The Board of Directors.

Référence de publication: 2014057495/317/19.

Europe 27 S.A., Société Anonyme.

Siège social: L-1746 Luxembourg, 1, rue Joseph Hackin.

R.C.S. Luxembourg B 162.457.

Mesdames et Messieurs les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le mardi 20 mai 2014 à 14.00 heures au siège social avec pour

Ordre du jour:

- Lecture du Rapport de gestion du conseil d'administration et du Rapport du commissaire aux comptes,
- Approbation des comptes annuels au 31 décembre 2013 et affectation des résultats,
- Quitus à donner aux administrateurs et au commissaire aux comptes,
- Décision à prendre quant à la poursuite de l'activité de la société,
- Nominations statutaires,
- Fixation des émoluments du Commissaire aux Comptes.

Pour assister ou être représentés à cette Assemblée, Mesdames et Messieurs les actionnaires sont priés de déposer

leurs titres cinq jours francs avant l'Assemblée au siège social.

Le Conseil d'Administration.

Référence de publication: 2014057510/755/19.

Poseidon S.A., Société Anonyme.

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

R.C.S. Luxembourg B 13.338.

Messieurs les Actionnaires sont priés de bien vouloir assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra en date du 26 mai 2014 à 11 heures au siège social avec l'ordre du jour suivant:

Ordre du jour:

1. Présentation et approbation du rapport du commissaire aux comptes,
2. Approbation des comptes annuels de l'exercice clôturant au 31 décembre 2013 et affectation du résultat,
3. Décharge au conseil d'administration et au commissaire aux comptes,
4. Nominations statutaires,
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2014063825/506/16.

55543

U X E M B O U R G

J. & M. S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 152.150.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mercredi 21 mai 2014 à 14:30 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d´Administration.

Référence de publication: 2014058912/1267/16.

RO Investments S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 154.421.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu lundi 19 mai 2014 à 14:30 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2013.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Décision à prendre conformément à l´article 100 de la loi du 10 août 1915 concernant les sociétés commerciales.
5. Nominations statutaires.
6. Divers.

Le Conseil d'Administration.

Référence de publication: 2014058914/1267/17.

Prognosia Fund S.A., SICAV, Société d'Investissement à Capital Variable.

Siège social: L-1736 Senningerberg, 5, rue Heienhaff.

R.C.S. Luxembourg B 177.315.

You are hereby invited to attend the

ANNUAL GENERAL MEETING

of the Fund to be held on 10 June 2014 at 2 p.m. (CET) at 5, rue Heienhaff, L-1736 Senningerberg, Grand-Duchy of

Luxembourg. The annual general meeting set for 28 April 2014 could not deliberate, as no quorum was present. The
agenda of the annual general meeting is set forth below:

Agenda:

1. Acknowledgement of the report of the board of directors and the report of the auditor for the financial year ended

31 December 2013;

2. Approval of the financial statements of the Fund for the financial year ended 31 December 2013;
3. Approval of the allocation of results for the financial year ended 31 December 2013;
4. Decision to grant full discharge of personal liability to all current directors of the Fund for their mandate during

the financial year ended on 31 December 2013;

5. Re-election of Thomas Goergen, Micael Wiklander, Jimmy Hanna and Johan Nordström as directors of the Fund

until the annual general meeting to be held in 2015;

6. Approval of Directors' Fees paid during the financial year 2013;
7. Reappointment of PricewaterhouseCoopers Luxembourg S.à r.l. with registered address at 400, route d'Esch,

L-1014 Luxembourg as auditor of the Fund until the annual general meeting to be held in 2015; and

8. Miscellaneous.

55544

U X E M B O U R G

The proxy form, the report of the board of directors, the auditor's report and the audited financial statements of the

Fund are available are available at the registered office of the Fund.

An attendance list will be established at the Meeting recording the shareholder(s) of the Company. To be recorded

in such a list, a natural or a legal person will have to prove his/her/its quality of shareholder of the Company. In case of
a natural person he/she will have to prove his/her identity. In case of a legal person, its representative will have to prove
that he/she is a duly authorized representative empowered to bind the legal person.

On behalf of the Chairman of the Fund.

Référence de publication: 2014058899/31.

Selmira S.A., Société Anonyme Soparfi.

Siège social: L-1724 Luxembourg, 9B, boulevard du Prince Henri.

R.C.S. Luxembourg B 135.170.

Messieurs les actionnaires de la Société Anonyme SELMIRA S.A. sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le vendredi, 16 mai 2014 à 10.00 heures au siège social de la société à Luxembourg, 9b, bd Prince Henri.

Ordre du jour:

1. Rapports du Conseil d'Administration et du Commissaire aux Comptes.
2. Approbation des comptes annuels et affectation des résultats au 31.12.2013.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes.
4. Divers.

Le Conseil d'Administration.

Référence de publication: 2014059674/750/15.

Ossiam Lux, Société d'Investissement à Capital Variable.

Siège social: L-1855 Luxembourg, 49, avenue J.F. Kennedy.

R.C.S. Luxembourg B 160.071.

The shareholders of Ossiam Lux, (hereinafter the "Company") are kindly invited to attend the

ANNUAL GENERAL MEETING

of the shareholders of the Company (the "Annual General Meeting") which will take place at the office of State Street

Bank Luxembourg in Luxembourg, 49 avenue J.F. Kennedy, L-1855 on MAY 16, 2014 AT 2.00 P.M.(LUXEMBOURG TIME)
for the purpose of considering and voting upon the following agenda (the "Agenda"):

Agenda:

1. Presentation and approval of the reports of the Board of Directors and of the Independent Auditor for the year

ended December 31, 2013.

2. Allocation of the results for the fiscal year ended December 31, 2013.
3. Discharge to be granted to the members of the Board of Directors (the "Directors") and the Company's auditor

for the fiscal year ended December 31, 2013.

4. Statutory elections:

a. Re-election of Mr. Bruno Poulin, Mr. Fabrice Chemouny, Mr. Antoine Moreau, Mr. Jason Trepanier, as Directors
until the next Annual General Meeting to be held in 2015.
b. Re-election of PriceWaterhouseCoopers Société Coopérative as independent auditors of the Company until
the next Annual General Meeting to be held in 2015.

5. Any other business which may be properly brought before the meeting.

Shareholders are advised that no quorum is required for the adoption of resolutions by the Annual General Meeting

and that resolutions will be passed by a majority of the votes validly cast of the shareholders present or represented at
the Annual General Meeting.

If you are holding shares in the Company through a financial intermediary or clearing agent, it should be noted that:
- the proxy form must be returned to the financial intermediary or clearing agent in good time for onward transmission

to the Company by May 12, 2014;

- if the financial intermediary or clearing agent holds the shares in the Company in its own name and on your behalf,

it may not be possible for you to exercise certain rights directly in relation to the Company.

If you cannot be personally present at the meeting, you may vote by completing and sending by post either the enclosed

postal voting form or the enclosed proxy at the following address: State Street Bank Luxembourg in Luxembourg, 49

55545

U X E M B O U R G

avenue J.F. Kennedy, L-1855 Luxembourg, to the attention of Mr. Silvano DEL ROSSO or send it by fax to (+352)
46.40.10-413 no later than two (2) business days before the meeting.

THE BOARD OF DIRECTORS.

Référence de publication: 2014059677/755/36.

Solutions 30 SE, Société Européenne.

Siège social: L-1417 Luxembourg, 6, rue Dicks.

R.C.S. Luxembourg B 179.097.

Mesdames et Messieurs les actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra le 16 mai 2014 à 11.00 heures au siège social de la société, à l'effet de délibérer sur l'ordre du jour

Ordre du jour:

1. Présentation du rapport du directoire, des observations du conseil de surveillance sur le rapport du directoire et

du rapport du réviseur d'entreprises agréé sur les comptes annuels de l'exercice clôturé au 31 décembre 2013.

2. Approbation des comptes annuels de l'exercice clôturé au 31 décembre 2013.
3. Affectation du résultat.
4. Présentation du rapport consolidé de gestion du directoire, des observations du conseil de surveillance sur le

rapport consolidé de gestion du directoire et du rapport du réviseur d'entreprises agréé sur les comptes consolidés
de l'exercice clôturé au 31 décembre 2013.

5. Approbation des comptes consolidés de l'exercice clôturé au 31 décembre 2013.
6. Décharge à accorder aux membres du directoire, aux membres du conseil de surveillance et au réviseur d'entre-

prises agréé pour l'accomplissement de leur mandat au cours de l'exercice clôturé au 31 décembre 2013.

7. Ratification du transfert de siège de la société du 24, rue des Genêts, L-1621 Luxembourg, au 6, rue Dicks, L1417

Luxembourg.

8. Ratification de la nomination de la société OSCONSEIL, représentée par Monsieur Olivier SICHEL, comme nouveau

membre du conseil de surveillance pour une durée de quatre ans.

9. Renouvellement du mandat de réviseur d'entreprises agréé de la société GRANT THORNTON LUX AUDIT S.A.

pour une durée qui prendra fin à l'issue de l'assemblée générale appelée à statuer sur les comptes de l'exercice
clos au 31 décembre 2014.

Les titulaires d'actions nominatives ont le droit de participer à l'assemblée générale et à ses délibérations, quel que

soit le nombre de leurs actions, sur simple justification de leur identité, dès lors que leurs titres sont libérés des versements
exigibles et inscrits en compte à leur nom depuis trois jours au moins avant la date de la réunion.

Les titulaires d'actions au porteur ont également le droit de participer à l'assemblée générale et à ses délibérations,

quel que soit le nombre de leurs actions, sur simple justification de leur qualité, dès lors que leurs titres sont libérés des
versements exigibles et qu'ils sont enregistrés au nom de l'intermédiaire inscrit régulièrement pour leur compte depuis
trois jours au moins avant la date de la réunion dans les comptes de titres au porteur tenus par un intermédiaire habilité.
La justification de la qualité d'actionnaire est effectuée auprès de la société par les intermédiaires habilités qui tiennent
les comptes de titres au porteur par la production d'une attestation de participation qu'ils annexent au formulaire unique
de vote à distance ou par procuration ou de demande de carte d'admission établie au nom de l'actionnaire ou pour le
compte de l'actionnaire représenté par l'intermédiaire inscrit. Toutefois, si un actionnaire au porteur souhaite participer
physiquement à l'assemblée et n'a pas reçu sa carte d'admission au plus tard le troisième jour ouvré avant l'assemblée, il
devra demander à son intermédiaire financier de lui délivrer une attestation de participation qui lui permettra de justifier
de sa qualité d'actionnaire au plus tard le troisième jour ouvré avant l'assemblée pour être admis à l'assemblée.

Tout actionnaire ayant le droit d'assister à l'assemblée générale peut s'y faire représenter par un autre actionnaire ou

par son conjoint. La procuration devra contenir les indications et informations prévues par la loi. A défaut de désignation
du mandataire par le mandant, il sera émis au nom de ce dernier un vote favorable à l'adoption des projets de résolutions
soumis à l'assemblée.

Tout actionnaire peut voter par correspondance au moyen d'un formulaire dont il peut obtenir l'envoi sur simple

demande écrite, laquelle contiendra la justification de leur qualité d'actionnaire et le nombre d'actions détenues, adressée
à la société Fiduciaire du Kiem S.à r.l., 2, rue du Fort Wallis, L-2714 Luxembourg.

Lors de la réunion de l'assemblée, la présence personnelle de l'actionnaire annule toute procuration ou tout vote par

correspondance.

L'assemblée ne délibère valablement que si les actionnaires présents, représentés ou ayant voté par correspondance

possèdent au moins, sur première convocation, le cinquième des actions ayant le droit de vote. Sur deuxième convocation,
aucun quorum n'est requis.

55546

U X E M B O U R G

L'assemblée statue à la majorité des voix dont disposent les actionnaires présents ou représentés, y compris les

actionnaires ayant voté par correspondance.

En cas de vote par correspondance, il ne sera tenu compte pour le calcul du quorum et du vote, que des formulaires

dûment complétés et reçus par la société trois jours au moins avant la date de l'assemblée.

Tout actionnaire pourra prendre connaissance des documents prévus par la loi au siège social de la société. Il pourra

en obtenir gratuitement une copie sur simple demande écrite adressée à la société et/ou à la Fiduciaire du Kiem S.à r.l.,
2, rue du Fort Wallis, L-2714 Luxembourg, sur production de son titre.

Le directoire.

Référence de publication: 2014058148/1429/62.

Randeor Holding S.A., Société Anonyme Holding.

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

R.C.S. Luxembourg B 29.684.

Le Conseil d'Administration a l'honneur de convoquer Messieurs les actionnaires par le présent avis, à

l'ASSEMBLEE GENERALE ORDINAIRE

qui aura lieu le 19 mai 2014 à 10.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

1. Approbation des rapports du Conseil d'Administration et du Commissaire aux Comptes.
2. Approbation du bilan et du compte de profits et pertes au 31 décembre 2012, et affectation du résultat.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes pour l'exercice de leur mandat au 31

décembre 2012.

4. Divers.

LE CONSEIL D'ADMINISTRATION.

Référence de publication: 2014059694/1023/16.

CoreCommodity Strategy Fund, Société d'Investissement à Capital Variable.

Siège social: L-2180 Luxembourg, 4, rue Jean Monnet.

R.C.S. Luxembourg B 171.519.

Die gemäß Art. 22 ff. der Statuten der Gesellschaft sowie den anwendbaren Vorschriften des Gesetzes vom 10. August

1915 über die Handelsgesellschaften, in seiner Fassung vom 1. Juni 2011, (das „Gesetz von 1915“) zum 24. April 2014
ordnungsgemäß einberufene jährliche ordentliche Generalversammlung der Aktionäre war nicht beschlussfähig und wurde
aufgrund dessen nicht abgehalten. Daher laden wir die Aktionäre erneut zur

ORDENTLICHEN JÄHRLICHEN GENERALVERSAMMLUNG

ein, die am 22. Mai 2014 um 14:00 Uhr am Sitz der Gesellschaft stattfinden wird, mit folgender Tagesordnung:

Tagesordnung:

1. Bericht des Verwaltungsrats und des Wirtschaftsprüfers über das zum 31. Dezember 2013 abgelaufene Geschäfts-

jahr.

2. Genehmigung der Bilanz zum 31. Dezember 2013 samt Gewinn- und Verlustrechnung und Anhang sowie Bes-

chlussfassung über die Ergebnisverwendung.

3. Beschlussfassung über die Verlängerung der Mandate sowie über die Vergütung der Mitglieder des Verwaltungsrats.
4. Entlastung der Mitglieder des Verwaltungsrats für ihre Tätigkeit während des zum 31. Dezember 2013 abgelaufenen

Geschäftsjahres.

5. Beschlussfassung über die Verlängerung des Mandats des Wirtschaftsprüfers.
6. Verschiedenes.

Zur Teilnahme an der ordentlichen Generalversammlung und zur Ausübung des Stimmrechts sind diejenigen Aktionäre

berechtigt, die bis spätestens fünf Tage vor der Versammlung die Depotbestätigung eines Kreditinstitutes bei der Ge-
sellschaft einreichen, aus der hervorgeht, dass die Aktien bis zur Beendigung der Generalversammlung gesperrt gehalten
werden. Aktionäre können sich auch von einer Person vertreten lassen, die hierzu schriftlich bevollmächtigt ist. Die
Vollmachten müssen wenigstens fünf Tage vor der Versammlung am Sitz der Gesellschaft hinterlegt werden, und zwar
vorab per Fax (+ 352 221 522 - 500) oder Email (d_FundSetUpOpam@oppenheim.lu), und gefolgt von den Originalen
per Briefpost. Hinsichtlich der Anwesenheit einer Mindestanzahl von Aktionären gelten die gesetzlichen Bestimmungen.

Luxemburg, im Mai 2014.

Der Verwaltungsrat .

Référence de publication: 2014063821/1999/30.

55547

U X E M B O U R G

Zurich Real Estate S.A., Société Anonyme.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 133.394.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu mardi 20 mai 2014 à 10:00 heures au siège social de la société, avec l'ordre du jour suivant:

Ordre du jour:

Le Conseil d´Administration.

Référence de publication: 2014058916/1267/16.

Energy Asset Management S.à r.l., Société à responsabilité limitée.

Siège social: L-2163 Luxembourg, 23, avenue Monterey.

R.C.S. Luxembourg B 114.836.

Les comptes annuels au 31 décembre 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.

Le 08 avril 2014.

Pour Allegro S.à r.l.

Référence de publication: 2014052975/11.
(140060509) Déposé au registre de commerce et des sociétés de Luxembourg, le 14 avril 2014.

"SFP", SICAV, Société d'Investissement à Capital Variable (en liquidation).

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

R.C.S. Luxembourg B 133.891.

The Liquidator calls a

GENERAL MEETING

on 28 May 2014 at 2.30 p.m. and asks the Shareholders of “SFP”, SICAV (in liquidation) to deliberate upon the following

agenda:

Agenda:

a. Approve the audited annual report as at 31 December 2012 (date of beginning of the liquidation period);

b. Acknowledge the interim liquidator's report and interim liquidation accounts for the period from 1 January 2013

to 31 December 2013;

c. Release from their duties and give discharge to the outgoing Board of Directors for the period ended 31 December

2012.

The Shareholders are advised that no quorum for the general meeting is required and that decisions will be taken by

a simple majority of the votes cast. Proxies are available at the registered office of the Sicav. The Shareholders who wish
to attend the Meeting must inform the Fund Domiciliation Services (ifs.fds@bdl.lu) at least five calendar days before the
Meeting.

Luxembourg, 30 April 2014.

For “SFP”, SICAV (in liquidation)
Deloitte Tax & Consulting
Société à responsabilité limitée
The Liquidator

Référence de publication: 2014063820/755/25.

55548

U X E M B O U R G

Allegro Group S.à r.l., Société à responsabilité limitée.

Siège social: L-5485 Wormeldange-Haut, 20, Wengertswee.

R.C.S. Luxembourg B 136.148.

Le 23 avril 2014.

Pour Allegro Group S.à r.l.

Référence de publication: 2014057537/11.
(140066423) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 avril 2014.

Strategie Pro Rendite SICAV-FIS, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement

Spécialisé.

Siège social: L-5365 Munsbach, 9A, rue Gabriel Lippmann.

R.C.S. Luxembourg B 176.619.

Auszug aus dem Sitzungsprotokoll der jährlichen Generalversammlung vom 26. März 2014:

Die Generalversammlung bestätigt die gegenwärtige Zusammensetzung des Verwaltungsrates der Gesellschaft.
Der Verwaltungsrat setzt sich aus folgenden Mitgliedern zusammen:
- Günter Graw, Vorsitzender des Verwaltungsrates;
- Horst Baumann, Verwaltungsratsmitglied;
- Markus Gierke, Verwaltungsratsmitglied, beruflich ansässig in 9A, rue Gabriel Lippmann, L-5365 Munsbach, Luxem-

burg.

Die Mandate der Verwaltungsratsmitglieder enden mit Ablauf der ordentlichen Generalversammlung des Jahres 2015.
Die Generalversammlung bestellt KPMG Luxembourg S.à r. l., Réviseurs d’Entreprises mit Sitz in Luxemburg zum

Abschlussprüfer der Gesellschaft.

Das Mandat endet mit Ablauf der ordentlichen Generalversammlung des Jahres 2015.

Munsbach, den 26. März 2014.

Für die Richtigkeit namens der Gesellschaft

Référence de publication: 2014061408/21.
(140071306) Déposé au registre de commerce et des sociétés de Luxembourg, le 2 mai 2014.

VIG Finance S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-3452 Dudelange, Zone Industrielle Wolser.

R.C.S. Luxembourg B 179.334.

Guardian Eastern Europe Investments S.à r.l., Société à responsabilité limitée.

Capital social: EUR 194.512.500,00.

Siège social: L-3452 Dudelange, Zone Industrielle Wolser.

R.C.S. Luxembourg B 81.944.

JOINT PARTIAL DEMERGER PROPOSAL

The boards of managers of VIG FINANCE S.à r.l. and Guardian Eastern Europe Investments, S.à r.l. had prepared and

signed the joint partial demerger proposal, pursuant to section XV (Demergers) of the Luxembourg company law dated
10 August 1915, as amended, that was published in the Mémorial C, Recueil des Sociétés et Associations number 170 on
20 January 2014 (the "initial Joint Partial Demerger Proposal").

The boards of managers of VIG FINANCE S.à r.l. and Guardian Eastern Europe Investments, S.à r.l. have since agreed

to postpone the contemptated joint demerger and to adapt certain of its terms and conditions. The boards of managers
of VIG FINANCE S.à r.l. and Guardian Eastern Europe Investments, S.à r.l. have consequently prepared the following joint
partial demerger proposal (the "Joint Partial Demerger Proposal") for the companies' participation in a partial demerger
pursuant to section XV (Demergers) of the Luxembourg company law dated 10 August 1915, as amended (the "Luxem-
bourg Company Law") and have agreed that it shall replace, cancel and supersede the Initial Joint Partial Demerger
Proposal:

55549

U X E M B O U R G

1. The companies involved. The partial demerger involves VIG FINANCE S.à r.l. and its sister company Guardian

Eastern Europe Investments, S.à r.l.

Each of the Companies (as defined here below) is directly and wholly owned by Guardian Europe S.à r.l., a société à

responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered
office at Zone Industrielle Wolser, L-3452 Dudelange, Grand Duchy of Luxembourg and registered with the Luxembourg
Trade and Companies Register under number B 23829 (the “Sole Shareholder” or “Guardian Europe”).

Guardian Eastern Europe Investments, S.à r.l. holds a participation of 99.9015% in the share capital of Guardian Steklo

Services LLC, a company existing under the laws of Russia, having its registered office at Uzhniy Promuzel District, 17a,
390011 Ryazan, Ryazan Region, and registered with Inter-district Inspectorate of Russian Federation FTS No. 3 for Ryazan
Region, under number OGRN 1106230003428 (the “Transferred Company”).

It is intended that VIG FINANCE S.à r.l. and Guardian Eastern Europe investments, S.à r.l. enter into a partial spin-off

of Guardian Eastern Europe Investments, S.à r.l. by way of absorption by VIG FINANCE S.à r.l. of the participation held
by Guardian Eastern Europe Investments, S.à r.l. in the Transferred Company (the “Transferred Asset”), in accordance
with articles 285 et seq. of the Luxembourg Company Law.

The partial demerger shall take place by Guardian Eastern Europe investments, S.à r.l. transferring all its shares held

in the Transferred Company to VIG FINANCE S.à r.l., so that VIG FINANCE S.à r.l. will be the absorbing company (the
“Absorbing Company”) and Guardian Eastern Europe Investments, S.à r.l. will be the demerged company (the “Demerged
Company”). The Absorbing Company and the Demerged Company shall together be referred to as the “Companies”,
and each as a “Company”.

2. Name, form and registered offices of the Companies prior to and after the partial demerger, as well as the details

identifying their registration at the Luxembourg Trade and Companies' Register.

2.1 Companies
VIG FINANCE S.à r.l. is a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy

of Luxembourg, registered with the Luxembourg Trade and Companies' Register under number B 179334 and having its
registered office at Zone Industrielle Wolser, L-3452 Dudelange, Grand Duchy of Luxembourg. VIG FINANCE S.à r.l.
has a share capital of twelve thousand five hundred Euro (EUR 12,500) represented by five hundred (500) shares, with a
nominal value of twenty-five Euro (EUR 25) each.

Guardian Eastern Europe Investments, S.à r.l. is a société à responsabilité limitée incorporated and existing under the

laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies' Register under number
B 81944 and having its registered office at Zone Industrielle Wolser, L-3452 Dudelange, Grand Duchy of Luxembourg.
Guardian Eastern Europe Investments, S.à r.l. has a share capital of one hundred ninety four million five hundred and
twelve thousand and five hundred Euro (EUR 194,512,500) represented by seven million seven hundred and eighty thou-
sand five hundred (7,780,500) shares, with a nominal value of twenty-five Euro (EUR 25) each.

2.2 The Companies after the partial demerger
It is not intended that the Demerged Company changes its name, form, registered office and registration information

as a consequence of the partial demerger. After the partial demerger, the Demerged Company will continue to exist and
as a consequence of the transfer of the Transferred Asset, it is intended that the share capital of the Demerged Company
be reduced from its current amount of one hundred ninety four million five hundred and twelve thousand and five hundred
Euro (EUR 194,512,500) represented by seven million seven hundred and eighty thousand five hundred (7,780,500) shares,
with a nominal value of twenty-five Euro (EUR 25) each to one hundred thirty-three million four hundred sixty thousand
two hundred Euro (EUR 133,460,200) represented by five million three hundred thirty-eight thousand four hundred and
eight (5,338,408) shares, with a nominal value of twenty-five Euro (EUR 25) each, through the cancellation of two million
four hundred forty-two thousand ninety-two (2,442,092) shares with a nominal value of twenty-five Euro (EUR 25) each.

The Absorbing Company will change its denomination into "Guardian Eastern Europe S.à r.l." as a consequence of the

partial demerger.

After the partial demerger, the Absorbing Company will continue to exist under the denomination “Guardian Eastern

Europe S.à r.l”, a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Lu-
xembourg, registered with the Luxembourg Trade and Companies' Register under number B 179334, having its registered
office at Zone Industrielle Wolser, L-3452 Dudelange, Grand Duchy of Luxembourg, with a share capital of twelve
thousand five hundred and twenty five Euro (EUR 12,525) represented by five hundred and one (501) shares, with a
nominal value of twenty-five Euro (EUR 25) each.

3. Effective date of the partial demerger. The partial demerger will be effective among the Companies on the date of

the extraordinary general meetings of the Companies approving the partial demerger or on any later date determined
by the extraordinary general meetings of the Companies (the "Effective Date").

The partial demerger will be effective towards third parties following the publication in the Mémorial C, Recueil des

Sociétés et Associations of the minutes of the extraordinary general meetings of the Companies approving the partial
demerger and will entail ipso jure (by law) the universal transfer of all the shares in the share capital of the Transferred
Company from the Demerging Company to the Absorbing Company.

55550

U X E M B O U R G

The Sole Shareholder shall automatically receive additional shares of the Absorbing Company in accordance with article

5 of the present Joint Partial Demerger Proposal.

The partial demerger will not cause the dissolution of the Demerged Company which will continue to exist.
The partial demerger shall be effective for accounting and tax purposes as of 1 June 2014 (included), as from which

date the relevant operations of the Demerged Company will be considered as having been carried out on behalf of the
Absorbing Company.

4. Description and allocation of the assets and liabilities of the Demerged Company. The Demerged Company shall

transfer part of its assets and liabilities corresponding to all the shares held by the Demerged Company in the Transferred
Company, to the Absorbing Company. The allocation is based on a balance sheet of the Demerged Company as at 31
March 2014.

The only assets of the Demerged Company which will be transferred and allocated to the Absorbing Company through

the effect of the partial de-merger are thus all the shares held by the Demerged Company in the Transferred Company.
There are no liabilities of the Demerger Company which will be transferred and allocated to the Absorbing Company.

Any asset or liability not allocated or not described in this partial demerger plan will remain with the Demerged

Company.

5. Consideration - Allocation of the Consideration - Exchange ratio. The one (1) new share to be issued by the

Absorbing Company as a result of the partial demerger will be delivered to the Sole Shareholder and registered in the
Absorbing Company's shareholders' register, on the basis of the below mentioned exchange ratio.

The Transferred Asset has a total net asset fair market value of sixty-one million fifty-two thousand three hundred

euro (EUR 61,052,300).

The Sole Shareholder shall in its capacity as sole shareholder of the Absorbing Company be entitled to receive one

(1) new share for a subscription price of sixty-one million fifty-two thousand three hundred euro (EUR 61,052,300) out
of which twenty-five Euro (EUR 25) shall be allocated to the share capital and sixty-one million fifty-two thousand two
hundred seventy-five Euro (EUR 61,052,275) shall be allocated to the share premium of the Absorbing Company.

The Absorbing Company shall thus increase its share capital by an amount of twenty-five Euro (EUR 25) to bring it

from its current amount of twelve thousand five hundred euro (EUR 12,500) up to twelve thousand five hundred and
twenty five euro (EUR 12,525) represented by five hundred and one (501) shares, with a nominal value of twenty-five
Euro (EUR 25) each.

The contribution of the Transferred Asset by the Demerged Company to the Absorbing Company will be made for

a total value of sixty-one million fifty-two thousand three hundred euro (EUR 61,052,300) in consideration of the issuance
of one (1) new share by the Absorbing Company. The remainder of the value of the contribution of sixty-one million
fifty-two thousand two hundred seventy-five Euro (EUR 61,052,275) shall be allocated to the share premium of the
Absorbing Company.

6. Issuance procedure. On the Effective Date, the Absorbing Company will issue the corresponding one (1) new share

in favor of the Sole Shareholder.

Subsequently, the Sole Shareholder will be registered in the register of shareholders of the Absorbing Company for

the one (1) new share which it will receive in exchange for the transfer of the Transferred Asset.

7. Date as from which the holder of the new shares, units or ownership quotas will be entitled to participate in the

Absorbing Company profits and any special conditions affecting that entitlement. The date as from which the new share
in the share capital of the Absorbing Company shall carry the right to participate in the profits of the latter shall be the
Effective Date; the new share shall be issued on the date of the extraordinary general meeting of the Companies approving
the partial demerger scheduled to be held on or about 30 May 2014.

8. Special rights and advantages, Rights to be granted in the Absorbing Company to the holders of special rights or to

holders of securities that do not represent capital or the options offered to them. Neither the Absorbing Company nor
the Transferred Company have issued any shares with special rights or securities other than shares. Additionally, no
holders of securities other than shares exist in the Companies.

9. Special benefits or advantages conferred to the members of the board of managers of the Companies, or to members

of any administrative, management, supervisory or controlling organs of the Companies. No special benefits or advantages
will be conferred to the members of the board of managers of the Companies, or to members of any administrative,
management, supervisory or controlling organs of the Companies in connection with the partial demerger.

10. Waiver of the report of the board of managers on the partial demerger, of the board of managers' information

obligation and of the report of the independent expert. In accordance with article 293 (1) of the Luxembourg Company
Law, the board of managers of each of the Companies shall draft a detailed written report on the Joint Partial Demerger
Proposal, setting out the reasons for the partial demerger and the exchange ratio. The Sole Shareholder expressly waived
the requirement of such board of managers' report in accordance with article 296 (2) of the Luxembourg Company Law.

In accordance with article 293 (3) of the Law, the board of managers of each of the Companies shall inform its general

meeting and the board of managers of the other Company, to allow the latter to inform its general meeting, of any

55551

U X E M B O U R G

significant changes to its assets and liabilities occurring between the date of the Joint Partial Demerger Proposal and the
date on which the general meetings approving the Joint Partial Demerger Proposal will be held. The Sole Shareholder
expressly waived the requirement of such information in accordance with article 296 (2) of the Luxembourg Company
Law.

In accordance with article 294 (1) of the Luxembourg Company Law, the Joint Partial Demerger Proposal shall be the

object of an examination and of a written report prepared by independent experts. The Sole Shareholder expressly waived
the requirement of such independent experts' examination and report in accordance with article 296 (1) of the Luxem-
bourg Company Law.

11. Information regarding the partial demerger. In accordance with the Luxembourg Company Law, this Joint Partial

Demerger Proposal shall be published in the Mémorial C, Recueil des Sociétés et Associations at least one (1) month
before the extraordinary general meetings of the Companies resolving upon the partial demerger.

In accordance with Article 297 of the Luxembourg Companies Law, the creditors of the Companies, whose claims

predate the date of the publication of the minutes of the extraordinary general meetings of the Companies which decide
on the partial demerger, may apply within two (2) months of that publication to the judge presiding the chamber of the
Tribunal d'Arrondissement dealing with commercial matters in the district in which the registered office of the debtor
company is located and sitting as in urgency matters, to obtain adequate safeguard of collateral for any matured or
unmatured debts, where they can credibly demonstrate that, due to the partial demerger, the satisfaction of their claims
is at stake and that no adequate safeguards have been obtained from the company.

At the registered offices of each of the Companies, the following documents will be available for review by the Sole

Shareholder no later than one month before the extraordinary general meetings of the Companies resolving upon the
partial demerger:

- Joint Partial Demerger Proposal;
- annual accounts for VIG FINANCE S.à r.l. for the first financial year, with the corresponding report on the annual

accounts drawn-up by its board of managers;

- annual accounts for Guardian Eastern Europe Investments, S.à r.l. for the last three (3) accounting years, with the

corresponding reports on the annual accounts drawn-up by its board of managers;

- interim accounts for VIG FINANCE S.à r.l. as at 31 March 2014; and
- interim accounts for Guardian Eastern Europe Investments, S.à r.l. as at 31 March 2014.
The extraordinary general meetings of the Companies approving the partial demerger shall be held shortly after the

expiry of the one-month waiting period starting upon publication of this Joint Partial Demerger Proposal in the Mémorial
C, Recueil des Sociétés et Associations.

After the resolutions of the extraordinary general meeting of the Companies have been passed, they shall be published

in the Mémorial C, Recueil des Sociétés et Associations.

12. Counterparts, Language. This Joint Partial Demerger Proposal may be executed in any number of separate coun-

terparts in the name and on behalf of the board of managers of each of the Companies, each of which when executed
and delivered shall constitute an original, all such counterparts together constituting but one Joint Partial Demerger
Proposal and this has the same effect as if the signatures on the counterparts were on a single copy of this document.

This Joint Partial Demerger Proposal is drafted in English, followed by a French translation. In case of discrepancies

between the English and the French version, the English version will prevail.

On 29 April 2014.

VIG FINANCE S.à r.l. / Guardian Eastern Europe Investments, S.à r.l.
GABOR HARAKALY / VINCENT PRINGIERS
Authorized signatory / Authorized signatory

Suit la traduction française du texte qui précède:

PROJET COMMUN DE SCISSION PARTIELLE

Les conseils de gérance de VIG FINANCE S.à r.l. et Guardian Eastern Europe Investments, S.à r.l. ont préparé et signé

le projet commun de scission partielle conformément à la section XV (Scissions) de la loi luxembourgeoise concernant
les sociétés commerciales du 10 août 1915, telle que modifiée, qui a été publié au Mémorial C, Recueil des Sociétés et
Associations sous le numéro 170 le 20 janvier 2014 (le «Projet Commun de Scission Partielle Initial»).

Les conseils de gérance de VIG FINANCE S.à r.l. et Guardian Eastern Europe Investments, S.à r.l. ont depuis convenu

de reporter la scission conjointe envisagée et d'adapter certains de ces termes et conditions. Les conseils de gérance de
VIG FINANCE S.à r.l. et Guardian Eastern Europe Investments, S.à r.l. ont en conséquence préparé le projet commun
de scission partielle suivant (le «Projet Commun de Scission Partielle») pour la participation de ces sociétés à une scission
partielle conformément à la section XV (Scissions) de la loi luxembourgeoise concernant les sociétés commerciales du
10 août 1915, telle que modifiée (la «Loi Luxembourgeoise sur Ses Sociétés») et ont convenu qu'il annule et remplace le
Projet Commun de Scission Partielle Initial.

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1. Les sociétés concernées. La scission partielle concerne VIG FINANCE S.à r.l. et sa société soeur Guardian Eastern

Europe Investments, S.à r.l.

Chacune des Sociétés (définies ci-dessous) est directement et entièrement détenue par Guardian Europe S.à r.l., une

société à responsabilité limité constituée et existant selon les lois du Grand-Duché de Luxembourg, inscrite au Registre
du Commerce et des Sociétés de Luxembourg sous le numéro B 23829 et ayant son siège social au Zone Industrielle
Wolser, L-3452 Dudelange, Grand-Duché de Luxembourg (P «Associé Unique» ou «Guardian Europe»).

Guardian Eastern Europe Investments, S.à r.l. détient une participation de 99,9015% de Guardian Steklo Services LLC,

une société existant sous les lois de Russie, inscrite à l'Inspection interdistrict de la Fédération de Russie FTS No. 3 sous
le numéro OGRN 1106230003428 et ayant son siège social à Uzhniy Promuzel District, 17a, 390011 Ryazan, Région du
Ryazan (la «Société Transférée»).

Il est envisagé que VIG FINANCE S.à r.l. et Guardian Eastern Europe Investments, S.à r.l. effectuent une scission partielle

de Eastern Europe Investments, S.à r.l. par absorption des participations détenues par cette dernière dans la Société
Transférée (l'«Actif Transféré») par VIG FINANCE S.à r.l., conformément aux articles 285 et suivants de la Loi Luxem-
bourgeoise sur les Sociétés.

La scission partielle se fera par le transfert par Guardian Eastern Europe Investments, S.à r.l. de toutes ses actions

détenues dans la Société Transférée à VIG FINANCE S.à r.l., de sorte que VIG FINANCE S.à r.l. sera la société absorbante
(la «Société Absorbante») et Guardian Eastern Europe Investments, S.à r.l. sera la société scindée (la «Société Scindée»).
La Société Absorbante et la Société Scindée sont collectivement dénommées les «Sociétés»,

2. Dénomination, forme et siège social des Sociétés avant et après la scission partielle, ainsi que les détails identifiant

leur inscription au Registre de Commerce et des Sociétés.

2.1 Les Sociétés
VIG FINANCE S.à r.l. est une société à responsabilité limité constituée et existant selon les lois du Grand-Duché de

Luxembourg, inscrite au Registre du Commerce et des Sociétés de Luxembourg sous le numéro B 179334 et ayant son
siège social au Zone Industrielle Wolser, L-3452 Dudelange, Grand-Duché de Luxembourg. VIG FINANCE S.à r.l. a un
capital social de douze mille cinq cent euros (EUR 12.500) représenté par cinq cent (500) parts sociales, d'une valeur
nominale de vingt-cinq euros (EUR 25) chacune.

Guardian Eastern Europe Investments, S.à r.l. est une société à responsabilité limité constituée et existant selon les

lois du Grand-Duché de Luxembourg, inscrite au Registre du Commerce et des Sociétés de Luxembourg sous le numéro
B 81944 et ayant son siège social au Zone Industrielle Wolser, L-3452 Dudelange, Grand-Duché de Luxembourg. Guardian
Eastern Europe Investments, S.à r.l. a un capital social de cent quatre-vingt-quatorze millions cinq cent douze mille cinq
cent euros (EUR 194.512.500) représenté par sept millions sept cent quatre-vingt mille cinq cent (7.780.500) parts sociales,
d'une valeur nominale de vingt-cinq euros (EUR 25) chacune.

2.2 Les Sociétés suite à la scission partielle
Il n'est pas envisagé que la Société Scindée change de dénomination sociale, de forme sociale, de siège social ni de

coordonnées de registre suite à la scission partielle. Après la scission partielle, la Société Scindée va continuer d'exister
et suite au transfert de l'Actif Transféré, il est prévu que le capital social de la Société Scindée soit réduit de son montant
actuel de cent quatre-vingt-quatorze millions cinq cent douze mille cinq cent euros (EUR 194.512.500) représenté par
sept millions sept cent quatre-vingt mille cinq cents (7.780.500) parts sociales, d'une valeur nominale de vingt-cinq euros
(EUR 25) chacune à cent trente-trois millions quatre cent soixante mille deux cents euros (EUR 133.460.200), représenté
par cinq millions trois cent trente-huit mille quatre cent huit (5.338.408) parts sociales, ayant une valeur nominale de
vingt-cinq euros (EUR 25) chacune, par l'annulation de deux millions quatre cent quarante-deux mille quatre-vingt-douze
(2.442.092) parts sociales d'une valeur nominale de vingt-cinq euros (EUR 25) chacune.

La Société Absorbante changera sa dénomination sociale en «Guardian Eastern Europe S.à r.l.» suite à la scission

partielle.

Suite à la scission partielle, la Société Absorbante continuera d'exister, sous la dénomination «Guardian Eastern Europe

S.à r.l.», une société à responsabilité limité constituée et existant selon les lois du Grand-Duché de Luxembourg, inscrite
au Registre du Commerce et des Sociétés de Luxembourg sous le numéro B 179334 et ayant son siège social au Zone
Industrielle Wolser, L-3452 Dudelange, Grand-Duché de Luxembourg, avec un capital social de douze mille cinq cent
vingt-cinq euros (EUR 12.525) représenté par cinq cent et une (501) parts sociales, d'une valeur nominale de vingt-cinq
euros (EUR 25) chacune.

3. Date d'effet de la scission partielle. La scission partielle sera effective entre les Sociétés à la date des assemblées

générales extraordinaires des Sociétés approuvant la scission partielle ou à toute date ultérieure déterminée par les
assemblées générales extraordinaires des Sociétés (la «Date d'Effet»).

La scission partielle sera effective à l'égard des tiers suite à la publication du compte-rendu des assemblées générales

extraordinaires des Sociétés approuvant la scission partielle au Mémorial C, Recueil des Sociétés et Associations et
entraînera ipso jure (de plein droit) le transfert universel de toutes les actions composant le capital social de la Société
Transférée de la Société Scindée à la Société Absorbante.

L'Associé Unique recevra automatiquement des parts sociales supplémentaires de la Société Absorbante en application

de l'article 5 du présent Plan Commun de Scission Partielle.

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U X E M B O U R G

La scission partielle ne provoquera pas la dissolution de la Société Scindée, qui continuera d'exister.
La scission partielle sera effective d'un point de vue comptable et fiscal au 1

juin 2014 (inclus), date à partir de laquelle

les opérations concernées de la Société Scindée seront considérées comme ayant été accomplies pour le compte de la
Société Absorbante.

4. Description et répartition de l'actif et du passif de la Société Scindée. La Société Scindée transférera une partie de

son actif et de son passif correspondant à toutes les parts sociales détenues par la Société Scindée dans la Société
Transférée, à la Société Absorbante. La répartition se fera sur la base du bilan de la Société Scindée au 31 mars 2013.

Les seuls actifs de la Société Scindée qui seront transférés et alloués à la Société Absorbante par l'effet de la scission

partielle sont donc toutes les parts sociales détenues par la Société Scindée dans la Société Transférée. Aucun élément
de passif de la Société Scindée se sera transféré et alloué à la Société Absorbante.

Tout actif ou passif non alloué ou non décris dans ce plan de scission partielle restera dans le patrimoine de la Société

Scindée.

5. Contrepartie - Attribution de la contrepartie - Rapport d'échange. La part sociale émise par la Société Absorbante

en raison de la scission partielle sera émise à l'Associé Unique et enregistrée dans le registre des associés de la Société
Absorbante, sur base du rapport d'échange mentionné ci-dessous.

L'Actif Transféré a une juste valeur marchande d'actif net de soixante et un millions cinquante-deux mille trois cents

euros (EUR 61.052.300).

L'Associé Unique sera en droit de recevoir en sa qualité d'associé unique de la Société Scindée une (1) nouvelle part

sociale dans le capital social de la Société Absorbante pour un prix de souscription de soixante et un millions cinquante-
deux mille trois cents euros (EUR 61.052.300) dont vingt-cinq euros (EUR 25) seront alloués au capital social de la Société
Absorbante et soixante et un millions cinquante-deux mille deux cent soixante-quinze euros (EUR 61.052.275) seront
alloués à la prime d'émission de la Société Absorbante.

La Société Absorbante augmentera ainsi son capital social du montant de vingt-cinq euros (EUR 25) pour l'amener de

son montant actuel de douze mille cinq cent euros (EUR 12.500) jusqu'au montant de douze mille cinq cent vingt-cinq
euros (EUR 12.525) représenté par cinq cents et une (501) parts sociales, d'une valeur nominale de vingt-cinq euros (EUR
25) chacune.

L'apport de l'Actif Transféré par la Société Scindée à la Société Absorbante sera donc effectué pour une valeur de

soixante et un millions cinquante-deux mille trois cents euros (EUR 61.052.300) en contrepartie de l'émission d'une (1)
nouvelle part sociale par la Société Absorbante. L'excédent de la valeur de l'apport de soixante et un millions cinquante-
deux mille deux cent soixante-quinze euros (EUR 61.052.275) sera affecté à la prime d'émission de la Société Absorbante.

6. Procédure d'émission. A la Date d'Effet, la Société Absorbante émettra la nouvelle part sociale correspondante en

faveur de l'Associé Unique.

Par conséquent, l'Associé Unique sera inscrit dans le registre des associés de la Société Absorbante pour le nombre

d'une (1) nouvelle part sociale qu'il recevra en échange du transfert de l'Actif Transféré.

7. Date à partir de laquelle le détenteur des nouvelles parts sociales, unités ou quotas de propriété seront en droit

de participer aux bénéfices de la Société Absorbante et toute condition spéciale affectant ce droit. La date à partir de
laquelle la nouvelle part sociale donnera le droit de participer dans les bénéfices de la Société Absorbante sera la Date
d'Effet; la nouvelle part sociale dans le capital social de la Société Absorbante sera émise à la date de l'assemblée générale
extraordinaire des Sociétés approuvant la scission partielle, dont la tenue est prévue le ou aux alentours du 30 mai 2014.

8. Droits et avantages particuliers. Droits à conférer, aux détenteurs, de droits particuliers ou aux propriétaires de

garanties qui ne représentent pas du capital dans la Société Absorbante ou les options qui leur seront offertes. Ni la
Société Absorbante, ni la Société Transférée n'a émis de parts sociales avec des droits ou garanties particuliers ou des
titres autres que des parts sociales. De plus, il n'y a pas de détenteurs de titres autres que des parts sociales qui existent
dans les Sociétés.

9. Avantages et prestations particuliers conférés aux membres du conseil de gérance des Sociétés, ou aux membres

de tout organe administratif, de direction, de surveillance ou de contrôle des Sociétés. Aucun avantage ou prestation
particulier ne sera conféré aux membres du conseil de gérance des Sociétés, ou aux membres des organes administratifs,
de direction, de surveillance ou de contrôle des Sociétés en relation avec la scission partielle.

10. Renonciation au rapport du conseil de gérance sur la scission partielle, à l'obligation d'information des conseils de

gérance et au rapport des experts indépendants. En conformité avec l'article 293 (1) de la Loi Luxembourgeoise sur les
Sociétés, le conseil de gérance de chacune des Sociétés établissent à l'intention des associés un rapport écrit détaillé sur
le Projet Commun de Scission Partielle, expliquant et justifiant la scission partielle et le rapport d'échange des parts
sociales. L'Associé Unique a expressément renoncé à ce rapport des conseils de gérance en application de l'article 296
(2) de la Loi Luxembourgeoise sur les Sociétés.

En conformité avec l'article 293 (3) de la Loi Luxembourgeoise sur les Sociétés, le conseil de gérance de chacune des

Sociétés informent leur assemblée générale respective, ainsi que le conseil de gérance de l'autre Société pour qu'il puisse
informer leur assemblée générale, de toute modification importante de l'actif et du passif qui a eu lieu entre la date

55554

U X E M B O U R G

d'établissement du Projet Commun de Scission Partielle et la date de réunion des assemblées générales appelées à se
approuver le Projet Commun de Scission Partielle. L'Associé Unique a expressément renoncé à cette information en
application de l'article 296 (2) de la Loi Luxembourgeoise sur les Sociétés.

En conformité avec l'article 294 (1) de la Loi Luxembourgeoise sur les Sociétés, le Projet Commun de Scission Partielle

doit faire l'objet d'un examen et d'un rapport écrit préparé par des experts indépendants. L'Associé Unique a expressé-
ment renoncé à ce rapport des organes de direction en application de l'article 296 (1) de la Loi Luxembourgeoise sur les
Sociétés.

11. Informations concernant la scission partielle. En conformité avec la Loi Luxembourgeoise sur les Sociétés, ce Projet

Commun de Scission Partielle sera publié dans le Mémorial C, Recueil des Sociétés et Associations au moins un mois
avant l'assemblée générale extraordinaire des Sociétés approuvant la scission partielle.

En conformité avec l'article 297 de la Loi Luxembourgeoise sur les Sociétés, les créanciers des Sociétés, dont la créance

est antérieure à la date de la publication des procès-verbaux des assemblées générales extraordinaires des Sociétés
constatant la scission partielle, peuvent, dans les deux (2) mois de cette publication, demander au magistrat présidant la
chambre du Tribunal d'Arrondissement, dans le ressort duquel la société débitrice a son siège social, siégeant en matière
commerciale et comme en matière de référé, ta constitution de garanties adéquates de sûretés pour des créances échues
ou non échues, au cas où ils peuvent démontrer, de manière crédible, que la scission partielle constitue un risque pour
l'exercice de leurs droits et que la société ne leur a pas fourni de garanties adéquates.

Les documents suivants seront tenus à disposition de l'Associé Unique au siège social de chacune des Sociétés au

moins un mois avant l'assemblée générale extraordinaire des Sociétés décidant de la scission partielle:

- Projet Commun de Scission Partielle;
- les comptes annuels de VIG FINANCE S.à r.l. du premier exercice financier ainsi que le rapport de gestion qui s'y

rapporte;

- les comptes annuels de Guardian Eastern Europe Investments, S.à r.l. des trois (3) derniers exercices financiers ainsi

que les rapports de gestion qui s'y rapportent;

- les comptes intérimaires de VIG FINANCE S.à r.l. au 31 mars 2014; et
- les comptes intérimaires de Guardian Eastern Europe Investments, S.à r.l. au 31 mars 2014.
Les assemblées générales extraordinaires des Sociétés décidant de la scission partielle seront tenues peu après l'ex-

piration de la période d'attente commençant dès la publication de ce Projet Commun de Scission Partielle au Mémorial
C, Recueil des Sociétés et Associations.

Après que les résolutions des assemblées générales extraordinaires des Sociétés ont été adoptées, elles seront publiées

dans le Mémorial C, Recueil des Sociétés et Associations.

12. Exemplaires, Langue. Ce Projet Commun de Scission Partielle peut être signé en plusieurs exemplaires au nom et

pour le compte du conseil de gérance de chacune des Sociétés, chacun d'entre eux sera réputé être un original, tous
constituent ensemble un seul et même Projet Commun de Scission Partielle et cela aura le même effet que si les signatures
sur les exemplaires étaient sur une seule et même copie de ce document.

Le présent Projet Commun de Scission Partielle est rédigé en anglais suivi d'une traduction française. En cas de diver-

gences entre la version anglaise et la version française, la version anglaise primera.

Le 29 avril 2014.

VIG FINANCE S.à r.l. / Guardian Eastern Europe Investments, S.à r.l.
GABOR HARAKALY / VINCENT PRINGIERS
Signataire autorisé / Signataire autorisé

Référence de publication: 2014062356/352.
(140071276) Déposé au registre de commerce et des sociétés de Luxembourg, le 5 mai 2014.

M 4, Société Anonyme.

Siège social: L-5485 Wormeldange-Haut, 12, Wengertswee.

R.C.S. Luxembourg B 94.533.

Le 23 avril 2014.

Pour M4 S.A.

Référence de publication: 2014057895/11.
(140066422) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 avril 2014.

55555

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Alatus UCITS, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 186.448.

STATUTES

In the year two thousand and fourteen, on the twenty second day of April.
Before Us, Maître Henri Hellinckx, notary, residing in Luxembourg, Grand Duchy of Luxembourg.

THERE APPEARED

Richard Vogel, born on 22 January 1964 in Geneva, Switzerland, and residing at 24, Place du Bourg-de Four, CH-1204

Geneva, Switzerland;

represented by Benoit Kelecom, lawyer, with professional address at 33, J.F. Kennedy, L-1855 Luxembourg, by virtue

of a power of attorney, given under private seal;

Antoine Firmenich, born on 3 May 1965 in Geneva, Switzerland, and residing at 19C Trevose Crescent, Trevose 12,

Singapore 298099, Singapore;

represented by Benoit Kelecom, lawyer, with professional address at 33, J.F. Kennedy, L-1855 Luxembourg, by virtue

of a power of attorney, given under private seal;

Patrick McNeill, born on 27 June 1969 in Geneva, Switzerland, and residing at 11, rue Verdaine, CH-1204 Geneva,

Switzerland

represented by Benoit Kelecom, lawyer, with professional address at 33, J.F. Kennedy, L-1855 Luxembourg, by virtue

of a power of attorney, given under private seal;

The said proxies, after having been signed ne varietur by the appearing person and the undersigned notary, will remain

attached to this notarial deed to be filed at the same time with the registration authorities.

Such appearing party, acting in its capacity as representative of the shareholders, has requested the officiating notary

to enact the following articles of incorporation of a company, which it declares to establish as follows:

1. Art. 1. Name.
1.1 There is hereby formed among the subscribers, and all other persons who will become owners of the shares

hereafter created, an investment company with variable capital (société d'investissement à capital variable) in the form of
a public limited liability company (société anonyme) under the name "Alatus UCITS" (the Company).

1.2 Any reference to shareholders of the Company (Shareholders) in the articles of incorporation of the Company

(the Articles) will be a reference to 1 (one) Shareholder as long as the Company will have 1 (one) Shareholder.

2. Art. 2. Registered office.
2.1 The registered office of the Company is established in Luxembourg-City, Grand Duchy of Luxembourg. It may be

transferred to any other place within the Grand Duchy of Luxembourg by a resolution of the general meeting of Share-
holders of the Company (the General Meeting), deliberating in the manner provided for amendments to the Articles or
by the board of directors of the Company (the Board) if and to the extent permitted by law. It may be transferred within
the boundaries of the municipality by a resolution of the Board.

2.2 The Board will further have the right to set up offices, administrative centres and agencies wherever it will deem

fit, either within or outside of the Grand Duchy of Luxembourg.

2.3 If extraordinary events of political, economic or social nature, likely to impair the normal activity at the registered

office or the easy communication between that office and foreign countries, occur or are imminent, the registered office
may be provisionally transferred abroad until such time as circumstances have completely returned to normal. Such a
transfer will have no effect on the nationality of the Company, which will remain a Luxembourg company. The declaration
of the provisional transfer abroad of the registered office will be made and brought to the attention of third parties by
the officer of the Company best placed to do so in the circumstances.

3. Art. 3. Duration. The Company is established for an unlimited duration.

4. Art. 4. Object of the company.
4.1 The exclusive purpose of the Company is to invest the assets of the Company in Transferable Securities (as defined

below) and other assets permitted by law in accordance with the principle of risk diversification, within the limits of the
investment policies and restrictions determined by the Board pursuant to article 19 hereof, and with the objective of
paying out to Shareholders the profits resulting from the management of the assets of the Company, either through
distributions or through accumulation of income in the Company.

4.2 The Company may take any measures and execute any transactions that it considers expedient with regard to the

fulfilment and implementation of the object of the Company to the full extent permitted by Part I of the act dated 17
December 2010 on undertakings for collective investment, as may be amended or replaced from time to time (the 2010
Act).

55556

U X E M B O U R G

5. Art. 5. Share capital, Share classes.
5.1 The capital of the Company will at all times be equal to the total net assets of the Company and will be represented

by fully paid-up shares of no par value.

5.2 The minimum capital, as provided by law, is fixed at EUR1,250,000 (one million two hundred and fifty thousand

euro) to be reached within a period of six months as from the authorisation of the Company by the Luxembourg super-
visory authority, being provided that shares of a Target Sub-fund held by an Investing Sub-fund (as defined in article 19.7
below) will not be taken into account for the purpose of the calculation of the EUR1,250,000 minimum capital requirement.
Upon the decision of the Board, the shares issued in accordance with these Articles may be of more than one share class.
The proceeds from the issue of shares of a share class, less a sales commission (sales charge) (if any), are invested in
Transferable Securities of all types and other legally permissible assets in accordance with the investment policy as set
forth by the Board and taking into account investment restrictions imposed by law.

5.3 The initial capital is EUR 50,000 (fifty thousand euro) divided into 500 (five hundred) shares of no par value.
5.4 The Company has an umbrella structure, each compartment corresponding to a distinct part of the assets and

liabilities of the Company (a Sub-fund) as defined in article 181 of the 2010 Act, and that is formed for one or more share
classes of the type described in these Articles. Each Sub-fund will be invested in accordance with the investment objective
and policy applicable to that Sub-fund, the investment objective, policy, as well as the risk profile and other specific features
of each Sub-fund are set forth in the prospectus of the Company (the Prospectus). Each Sub-fund may have its own
funding, share classes, investment policy, capital gains, expenses and losses, distribution policy or other specific features.

5.5 Within a Sub-fund, the Board may, at any time, decide to issue one or more share classes the assets of which will

be commonly invested but subject to different fee structures, distribution, marketing targets, currency or other specific
features, including special rights as regards the appointment of directors in accordance with article 13 of these Articles.
A separate net asset value per share, which may differ as a consequence of these variable factors, will be calculated for
each share class.

5.6 The Company may create additional share classes whose features may differ from the existing share classes and

additional Sub-funds whose investment objectives may differ from those of the Sub-funds then existing. Upon creation of
new Sub-funds or share classes, the Prospectus will be updated, if necessary.

5.7 The Company is one single legal entity. However, the rights of the Shareholders and creditors relating to a Sub-

fund or arising from the setting-up, operation and liquidation of a Sub-fund are limited to the assets of that Sub-fund. The
assets of a Sub-fund are exclusively dedicated to the satisfaction of the rights of the Shareholder relating to that Sub-fund
and the rights of those creditors whose claims have arisen in connection with the setting-up, operation and liquidation
of that Sub-fund, and there will be no cross liability between Sub-funds, in derogation of article 2093 of the Luxembourg
Civil Code.

5.8 The Board may create each Sub-fund for an unlimited or limited period of time; in the latter case, the Board may,

at the expiration of the initial period of time, extend the duration of that Sub-fund one or more times. At the expiration
of the duration of a Sub-fund, the Company will redeem all the shares in the share class(es) of that Sub-fund, in accordance
with article 8 of these Articles, irrespective of the provisions of article 23 of these Articles. At each extension of the
duration of a Sub-fund, the registered Shareholders will be duly notified in writing, by a notice sent to their address as
recorded in the Company's register of Shareholders. The Prospectus indicates the duration of each Sub-fund and, if
applicable, any extension of its duration.

5.9 For the purpose of determining the capital of the Company, the net assets attributable to each share class will, if

not already denominated in euro, be converted into euro. The capital of the Company equals the total of the net assets
of all the share classes.

6. Art. 6. Shares.
6.1 The Company may, upon decision of the Board, issue shares in registered form or in dematerialised form on such

terms and conditions as the Board will prescribe. Dematerialised shares are shares exclusively issued by book entry in
an issue account (compte d'émission), held by an authorised central account holder or an authorised settlement system
designated by the Company and disclosed in the Prospectus.

6.2 All registered shares issued by the Company are entered in the register of Shareholders, which is kept by the

Company or by one or more persons designated by the Company. This register contains the names of the owners of
registered shares, their permanent residence or elected domicile as indicated to the Company, and the number of re-
gistered shares held by them.

6.3 The entry of the Shareholder's name in the register of shares evidences the Shareholder's right of ownership to

such registered shares. The Company decides whether a certificate for such entry is delivered to the Shareholder or
whether the Shareholder receives a written confirmation of its shareholding.

6.4 Shareholders entitled to receive registered shares must provide the Company with an address to which all notices

and announcements may be sent. This address will also be entered into the register of Shareholders.

6.5 In the event that a Shareholder does not provide an address, the Company may have a notice to this effect entered

into the register of Shareholders. The Shareholder's address will be deemed to be at the registered office of the Company,
or at such other address as may be determined by the Company from time to time, until another address is provided to

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the Company by that Shareholder. A Shareholder may, at any time, change the address entered in the register of Share-
holders by means of a written notification to the registered office of the Company or to such other address as may be
determined by the Company from time to time.

6.6 Holders of dematerialised shares must provide, or must ensure that registrar agents shall provide, the Company

with information for identification purposes of the holders of such shares in accordance with applicable laws. If on a
specific request of the Company, the holder of dematerialised shares does not furnish the requested information, or
furnishes incomplete or erroneous information within a time period provided for by law or determined by the Board at
its discretion, the Board may decide to suspend voting rights attached to all or part of the dematerialised shares held by
the relevant person until satisfactory information is received.

6.7 If a Shareholder can prove to the satisfaction of the Company that his share certificate has been lost, damaged or

destroyed, then, at the Shareholder's request, a duplicate share certificate may be issued under such conditions and
guarantees as the Company may determine, including but not restricted to a bond issued by an insurance company. With
the issuance of the new share certificate, which will be marked as a duplicate, the original share certificate being replaced
will become void.

6.8 Damaged share certificates may be cancelled by the Company and replaced by new certificates.
6.9 The Company may, at its discretion, charge the costs of a duplicate or of a new share certificate and all reasonable

expenses incurred by the Company in connection with the issue and registration thereof or in connection with the
cancellation of the original share certificate, to the Shareholder.

6.10 The Company recognises only one owner per share. If one or more shares are jointly owned or if the ownership

of a share or shares is disputed, all persons claiming a right to those shares will appoint one owner to represent those
shares towards the Company. The failure to appoint such an attorney results in the suspension of the exercise of all rights
attached to such shares.

6.11 The Company may decide to issue fractional shares. Such fractional shares do not carry voting rights, except

where their number is so that they represent a whole share, but are entitled to participate in the net assets attributable
to the relevant share class on a pro rata basis.

7. Art. 7. Issue of shares.
7.1 The Board is authorised, without limitation, to issue an unlimited number of fully paid up shares at any time without

reserving a preferential right to subscribe for the shares to be issued for the existing Shareholders.

7.2 The Board may impose restrictions on the frequency at which shares of a certain share class are issued; the Board

may, in particular, decide that shares of a particular share class will only be issued during one or more subscription periods
or at such other intervals as provided for in the Prospectus.

7.3 Shares in Sub-funds will be issued at the subscription price. The subscription price for shares of a particular share

class of a Sub-fund corresponds to the net asset value per share of the respective share class (see articles 11 and 12
below) adjusted, as the case may be, in accordance with the price adjustment policy as described in the Prospectus, plus
any subscription fee, if applicable. Additional fees may be incurred if distributors and paying agents are involved in a
transaction. The relevant subscription price may be rounded up or down to the nearest unit of the currency in which it
is to be paid, as determined by the Board.

7.4 A process determined by the Board and described in the Prospectus will govern the chronology of the issue of

shares in a Sub-fund.

7.5 The subscription price is payable within a period determined by the Board, which may not exceed 5 business days

from the relevant valuation day, determined as every such day on which the net asset value per share for a given share
class or Sub-fund is calculated (the NAV Calculation Day).

7.6 The Board may confer the authority upon any of its members, any managing director, officer or other duly au-

thorised representative to accept subscription applications, to receive payments for newly issued shares and to deliver
these shares.

7.7 The Company may agree to issue shares as consideration for a contribution in kind of assets, in accordance with

Luxembourg law, in particular in accordance with the obligation to deliver a valuation report from the auditor (réviseur
d'entreprises agréé) of the Company, and provided that such assets are in accordance with the investment objectives and
policies of the relevant Sub-fund. All costs related to the contribution in kind are borne by the Shareholder acquiring
shares in this manner.

7.8 Applications for subscription are irrevocable, except - for the duration of such suspension - when the calculation

of the net asset value has been suspended in accordance with article 12 of these Articles.

8. Art. 8. Redemption of shares.
8.1 Any Shareholder may request redemption of all or part of his/her/its shares from the Company, pursuant to the

conditions and procedures set forth by the Board in the Prospectus and within the limits provided by law and these
Articles.

8.2 Subject to the provisions of article 12 of these Articles and this article 8, the redemption price per share will be

paid within a period determined by the Board which may not exceed 7 business days from the relevant NAV Calculation

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U X E M B O U R G

Day, as determined in accordance with the current policy of the Board, provided that any share certificates issued and
any other transfer documents have been received by the Company.

8.3 The redemption price per share for shares of a particular share class of a Sub-fund corresponds to the net asset

value per share of the respective share class adjusted, as the case may be, in accordance with the price adjustment policy
as described in the Prospectus, less any redemption fee, if applicable. Additional fees may be incurred if distributors and
paying agents are involved in a transaction. The relevant redemption price may be rounded up or down to the nearest
unit of the currency in which it is to be paid, as determined by the Board.

8.4 If as a result of a redemption application, the number or the value of the shares held by any Shareholder in any

share class falls below the minimum number or value that is then determined by the Board in the Prospectus, the Company
may decide to treat such an application as an application for redemption of all of that Shareholder's shares in the given
share class.

8.5 If, in addition, on a NAV Calculation Day or at some time during a NAV Calculation Day, redemption applications

as defined in this article and conversion applications as defined in article 9 of these Articles exceed a certain level set by
the Board in relation to the shares of a given share class, the Board may resolve to reduce proportionally part or all of
the redemption and conversion applications for a certain time period and in the manner deemed necessary by the Board,
in the best interest of the Company. The portion of the non-proceeded redemptions will then be proceeded by priority
on the NAV Calculation Day following this period, these redemption and conversion applications will be given priority
and dealt with ahead of other applications (but subject always to the foregoing limit).

8.6 The Company may satisfy payment of the redemption price owed to any Shareholder, subject to such Shareholder's

agreement, in specie by allocating assets to the Shareholder from the portfolio set up in connection with the share class
(es) equal in value to the value of the shares to be redeemed (calculated in the manner described in article 11 below) as
of the NAV Calculation Day or the time of valuation when the redemption price is calculated if the Company determines
that such a transaction would not be detrimental to the best interests of the remaining Shareholders of the relevant Sub-
fund. The nature and type of assets to be transferred in such case will be determined on a fair and reasonable basis and
without prejudicing the interests of the other Shareholders in the given share class or share classes, as the case may be.
The valuation used will be confirmed by a special report of the auditor of the Company. The costs of any such transfers
are borne by the transferee.

8.7 All redeemed shares will be cancelled.
8.8 All applications for redemption of shares are irrevocable, except - in each case for the duration of the suspension

- in accordance with article 12 of these Articles, when the calculation of the net asset value has been suspended or when
redemption has been suspended as provided for in this article.

8.9 The Company may redeem shares of any Shareholder if:
(a) any of the representations given by the Shareholder to the Company were not true and accurate or have ceased

to be true and accurate; or

(b) the Shareholder is a Restricted Person (as defined in article 10 below); or
(c) that the continuing ownership of shares by the Shareholder would cause an undue risk of adverse tax consequences

to the Company or any of its Shareholders; or

(d) the continuing ownership of shares by such Shareholder may be prejudicial to the Company or any of its Share-

holders; or

(e) further to the satisfaction of a redemption request received by a Shareholders, the number or aggregate amount

of shares of the relevant share class held by this Shareholder is less than the Minimum Holding Amount as is stipulated
in the Prospectus.

9. Art. 9. Conversion of shares.
9.1 A Shareholder may convert shares of a particular share class of a Sub-fund held in whole or in part into shares of

the corresponding share class of another Sub-fund in accordance with the provisions of the Prospectus; conversions from
shares of one share class of a Sub-fund to shares of another share class of either the same or a different Sub-fund are
also permitted, except otherwise decided by the Board.

9.2 The Board may make the conversion of shares dependent upon additional conditions set out in the Prospectus.
9.3 A conversion application will be considered as an application to redeem the shares held by the Shareholder and

as an application for the simultaneous acquisition (issue) of the shares to be acquired. The conversion ratio will be
calculated on the basis of the net asset value per share of the respective share class; a conversion fee may be incurred.
Additional fees may be incurred if distributors and paying agents are involved in a transaction. The prices of the conversion
may be rounded up or down to the nearest unit of the currency in which they are to be paid, as determined by the Board.
The Board may determine that balances of less than a reasonable amount to be set by the Board, resulting from conver-
sions will not be paid out to Shareholders.

9.4 As a rule, both the redemption and the acquisition parts of the conversion application should be calculated on the

basis of the values prevailing on one and the same NAV Calculation Day. If there are different order acceptance deadlines
for the Sub-funds in question, the calculation may deviate from this, in particular depending on the sales channel. In
particular either:

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U X E M B O U R G

(a) the sales part may be calculated in accordance with the general rules on the redemption of shares (which may be

older than the general rules on the issue of shares), while the purchase part would be calculated in accordance with the
general (newer) rules on the issue of shares; or

(b) the sales part is not calculated until a time later in relation to the general rules on share redemption together with

the purchase part calculated in accordance with the newer (in relation to the sales part) rules on the issue of shares.

9.5 Conversions may only be effected if, at the time, both the redemption of the shares to be converted and the issue

of the shares to be acquired are simultaneously possible; there will be no partial execution of the application unless the
possibility of issuing the shares to be acquired ceases after the shares to be converted have been redeemed.

9.6 All applications for the conversion of shares are irrevocable, except - in each case for the duration of the suspension

- in accordance with article 12 of these Articles, when the calculation of the net asset value of the shares to be redeemed
has been suspended or when redemption of the shares to be redeemed has been suspended as provided for in article 8
above. If the calculation of the net asset value of the shares to be acquired is suspended after the shares to be converted
have already been redeemed, only the acquisition part of the conversion application can be revoked during this suspension.

9.7 If, in addition, on a NAV Calculation Day or at some time during a NAV Calculation Day redemption applications

as defined in article 8 of these Articles and conversion applications as defined in this article exceed a certain level set by
the Board in relation to the shares issued in the share class, the Board may resolve to reduce proportionally part or all
of the redemption and conversion applications for a certain period of time and in the manner deemed necessary by the
Board, in the best interest of the Company. The portion of the non-proceeded redemptions will then be proceeded by
priority on the NAV Calculation Day following this period, these redemption and conversion applications will be given
priority and dealt with ahead of other applications (but subject always to the foregoing limit).

9.8 If as a result of a conversion application, the number or the value of the shares held by any Shareholder in any

share class falls below the minimum number or value that is then - if the rights provided for in this sentence are to be
applicable - determined by the Board in the Prospectus, the Company may decide to treat the purchase part of the
conversion application as a request for redemption for all of the Shareholder's shares in the given share class; the acqui-
sition part of the conversion application remains unaffected by any additional redemption of shares.

9.9 Shares that are converted to shares of another share class will be cancelled.

10. Art. 10. Restrictions on ownership of shares - Transfer of shares.
10.1 The Company may restrict or prevent the ownership of shares in the Company by any individual or legal entity:,
(a) such person would not comply with the eligibility criteria of a given Class or Sub-fund;
(b) a holding by such person would cause or is likely to cause the Company or its Shareholders some pecuniary, tax

or regulatory disadvantage;

(d) a holding by such person would cause or is likely to cause the Company to be in breach of the law or requirements

of any country or governmental authority applicable to the Company;

(such individual or legal entities are to be determined by the Board and are defined herein as Restricted Persons).
10.2 For such purposes the Company may:
(a) decline to issue any shares and decline to register any transfer of shares, where such registration or transfer would

result in legal or beneficial ownership of such shares by a Restricted Person; and

(b) at any time require any person whose name is entered in the register of Shareholders or who seeks to register

the transfer of shares in the register of Shareholders to furnish the Company with any information, supported by affidavit,
which it may consider necessary for the purpose of determining whether or not beneficial ownership of such Shareholder's
shares rests with a Restricted Person, or whether such registration will result in beneficial ownership of such shares by
a Restricted Person; and

(c) decline to accept the vote of any Restricted Person at the General Meeting; and
(d) instruct a Shareholder to sell his shares and to demonstrate to the Company that this sale was made within 30

business days of the sending of the relevant notice if the Company determines that a Restricted Person is the sole beneficial
owner or is the beneficial owner together with other persons.

10.3 If the investor does not comply with the relevant notice, the Company may, in accordance with the procedure

described below, compulsorily redeem all shares held by such a Shareholder or have this redemption carried out:

(a) The Company provides a second notice (Purchase Notice) to the investor or the owner of the shares to be

redeemed, in accordance with the entry in the register of Shareholders; this Purchase Notice designates the shares to
be redeemed, the procedure under which the redemption price is calculated and the name of the acquirer.

(b) Such Purchase Notice will be sent by registered mail to the last known address or to the address listed in the

Company's books. This Purchase Notice obliges the investor in question to send the share certificate or share certificates
that represent the shares to the Company in accordance with the information in the Purchase Notice.

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U X E M B O U R G

of the shares which are designated in the Purchase Notice ends. For registered shares and dematerialised shares, the
name of the Shareholder is deleted from the register of Shareholders.

(d) The price at which these shares are acquired (Sales Price) corresponds to an amount determined on the basis of

the share value of the corresponding share class on a Valuation Day, or at some time during a Valuation Day, as determined
by the Board, less any redemption fees incurred, if applicable. The purchase price is, less any redemption fees incurred,
if applicable, the lesser of the share value calculated before the date of the Purchase Notice and the share value calculated
on the day immediately following submission of the share certificate(s).

(e) The purchase price will be made available to the previous owner of these shares in the currency determined by

the Board for the payment of the redemption price of the corresponding share class and deposited by the Company at
a bank in Luxembourg or elsewhere (corresponding to the information in the Purchase Notice) after the final determi-
nation of the purchase price following the return of the share certificate(s) as designated in the Purchase Notice and their
corresponding coupons that are not yet due. After the Purchase Notice has been provided and in accordance with the
procedure outlined above, the previous owner no longer has any claim related to all or any of these shares and the
previous owner also has no further claim against the Company or the Company's assets in connection with these shares,
with the exception of the right to receive payment of the purchase price without interest from the named bank after
actual delivery of the share certificate(s). All income from redemptions to which Shareholders are entitled in accordance
with the provisions of this paragraph may no longer be claimed and is forfeited as regards the respective share class(es)
unless such income is claimed within a period of five years after the date indicated in the Purchase Notice. The Board is
authorised to take all necessary steps to return these amounts and to authorise the implementation of corresponding
measures for the Company.

(f) The exercise of the powers by the Company in accordance with this article may in no way be called into question

or declared invalid on the grounds that the ownership of shares was not sufficiently proven or that the actual ownership
of shares did not correspond to the assumptions made by the Company on the date of the Purchase Notice, provided
that the Company exercised the above-named powers in good faith.

10.4 Restricted Persons as defined in these Articles are neither persons who subscribe shares for the duration of their

shareholding in connection with the formation of the Company nor securities dealers who subscribe shares in the Com-
pany for distribution.

10.5 The Company may decline to register a transfer of shares:
(a) if in the opinion of the Company, the transfer will be unlawful or will result or be likely to result in any adverse

regulatory, tax or fiscal consequences to the Company or its Shareholders; or

(b) if the transferee is a US Person (as defined in the Prospectus) or is acting for or on behalf of a US Person; or
(c) if the transferee is a Restricted Person or is acting for or on behalf of a Restricted Person; or
(d) in relation to share classes reserved for subscription by institutional investors, if the transferee is not an institutional

investor; or

(e) in circumstances where an investor engages in market trading or late trading activities; or
(f) if in the opinion of the Company, the transfer of the shares would lead to the shares being registered in a depositary

or clearing system in which the shares could be further transferred otherwise than in accordance with the terms of the
Prospectus or these Articles;

(g) in such additional circumstances as set out in the Prospectus.

11. Art. 11. Calculation of net asset value per share.
11.1 The Company, each Sub-fund and each share class in a Sub-fund have a net asset value determined in accordance

with these Articles. The reference currency of the Company is the Euro. The net asset value of each Sub-fund and share
class will be calculated in the reference currency of the Sub-fund or share class, as it is stipulated in the Prospectus, and
will be determined by the administrative agent of the Company (the Administrative Agent) for each Valuation Day on
each NAV Calculation Day as stipulated in the Prospectus, by calculating the aggregate of:

(a) the value of all assets of the Company which are allocated to the relevant Sub-fund and share class in accordance

with the provisions of these Articles; less

(b) all the liabilities of the Company which are allocated to the relevant Sub-fund and share class in accordance with

the provisions of these Articles, and all fees attributable to the relevant Sub-fund and share class, which fees have accrued
but are unpaid on the relevant Valuation Day.

11.2 The net asset value per share for a Valuation Day will be calculated in the reference currency of the relevant Sub-

fund and will be calculated by the Administrative Agent as at the NAV Calculation Day of the relevant Sub-fund by dividing
the net asset value of the relevant Sub-fund by the number of shares which are in issue on the Valuation Day corresponding
to such NAV Calculation Day in the relevant Sub-fund (including shares in relation to which a Shareholder has requested
redemption on such Valuation Day in relation to such NAV Calculation Day).

11.3 If the Sub-fund has more than one share class in issue, the Administrative Agent will calculate the net asset value

per share of each share class for a Valuation Day by dividing the portion of the net asset value of the relevant Sub-fund

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U X E M B O U R G

attributable to a particular share class by the number of shares of such share class in the relevant Sub-fund which are in
issue on the Valuation Day corresponding to such NAV Calculation Day (including shares in relation to which a Share-
holder has requested redemption on the Valuation Day in relation to such NAV Calculation Day).

11.4 The net asset value per share may be rounded up or down to the nearest whole hundredth share of the currency

in which the net asset value of the relevant shares are calculated.

11.5 The assets of the Company will be valued as follows:
(a) transferable securities or money market instruments quoted or traded on an official stock exchange or any other

regulated market as defined in the Council Directive 2004/39/EEC dated 21 April 2004 on markets in financial instruments
or any other market established in the European Economic Area which is regulated, operates regularly and is recognised
and open to the public (a Regulated Market), are valued on the basis of the last known price, and, if the securities or
money market instruments are listed on several stock exchanges or Regulated Markets, the last known price of the stock
exchange which is the principal market for the security or money market instrument in question, unless these prices are
not representative.

(b) For transferable securities or money market instruments not quoted or traded on an official stock exchange or

any other Regulated Market, and for quoted transferable securities or money market instruments, but for which the last
known price as of the relevant Valuation Day is not representative, valuation is based on the probable sales price estimated
prudently and in good faith by the Board.

last available net asset value as of the relevant Valuation Day.

(d) The liquidating value of futures, forward or options contracts that are not traded on exchanges or on other

Regulated Markets will be determined pursuant to the policies established in good faith by the Board, on a basis consis-
tently applied. The liquidating value of futures, forward or options contracts traded on exchanges or on other Regulated
Markets will be based upon the last available settlement prices as of the relevant Valuation Day of these contracts on
exchanges and Regulated Markets on which the particular futures, forward or options contracts are traded; provided that
if a futures, forward or options contract could not be liquidated on such Business Day with respect to which a net asset
value is being determined, then the basis for determining the liquidating value of such contract will be such value as the
Board may, in good faith and pursuant to verifiable valuation procedures, deem fair and reasonable.

(e) Liquid assets and money market instruments with a maturity of less than 12 months may be valued at nominal value

plus any accrued interest or using an amortised cost method (it being understood that the method which is more likely
to represent the fair market value will be retained). This amortised cost method may result in periods during which the
value deviates from the price the relevant Sub-fund would receive if it sold the investment. The Board may, from time to
time, assess this method of valuation and recommend changes, where necessary, to ensure that such assets will be valued
at their fair value as determined in good faith pursuant to procedures established by the Board. If the Board believes that
a deviation from the amortised cost may result in material dilution or other unfair results to Shareholders, the Board will
take such corrective action, if any, as it deems appropriate, to eliminate or reduce, to the extent reasonably practicable,
the dilution or unfair results.

(f) The swap transactions will be consistently valued based on a calculation of the net present value of their expected

cash flows. For certain Sub-funds using over-the-counter financial derivative instruments (OTC Derivative) as part of
their main investment policy, the valuation method of the OTC Derivative will be further specified in the Prospectus.

(g) Accrued interest on securities will be taken into account if it is not reflected in the share price.
(h) Cash will be valued at nominal value, plus accrued interest.
(i) All assets denominated in a currency other than the reference currency of the respective Sub-fund/share class will

be converted at the mid-market conversion rate between the reference currency and the currency of denomination.

(j) All other securities and other permissible assets as well as any of the above mentioned assets for which the valuation

in accordance with the above sub-paragraphs would not be possible or practicable, or would not be representative of
their probable realisation value, will be valued at probable realisation value, as determined with care and in good faith
pursuant to procedures established by the Board.

11.6 The allocation of assets and liabilities of the Company between Sub-funds (and within each Sub-fund between the

different share classes) will be effected so that:

(a) the subscription price received by the Company on the issue of shares, and reductions in the value of the Company

as a consequence of the redemption of shares, will be attributed to the Sub-fund (and within that Sub-fund, the share
class) to which the relevant shares belong;

(b) assets acquired by the Company upon the investment of the subscription proceeds and income and capital appre-

ciation in relation to such investments which relate to a specific Sub-fund (and within a Sub-fund, to a specific share class)
will be attributed to such Sub-fund (or share class in the Sub-fund);

capital depreciation relating to investments made by the Company and other operations of the Company, which relate
to a specific Sub-fund (and within a Sub-fund, to a specific share class) will be attributed to such Sub-fund (or share class
in the Sub-fund);

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(d) where the use of foreign exchange transactions, instruments or financial techniques relates to a specific Sub-fund

(and within a Sub-fund, to a specific share class) the consequences of their use will be attributed to such Sub-fund (or
share class in the Sub-fund);

(e) where assets, income, capital appreciations, liabilities, expenses, capital depreciations or the use of foreign exchange

transactions, instruments or techniques relate to more than one Sub-fund (or within a Sub-fund, to more than one share
class), they will be attributed to such Sub-funds (or share classes, as the case may be) in proportion to the extent to
which they are attributable to each such Sub-fund (or each such share class);

(f) where assets, income, capital appreciations, liabilities, expenses, capital depreciations or the use of foreign exchange

transactions, instruments or techniques cannot be attributed to a particular Sub-fund they will be divided equally between
all Sub-funds or, in so far as is justified by the amounts, will be attributed in proportion to the relative net asset value of
the Sub-funds (or share classes in the Sub-fund) if the Board, in its sole discretion, determines that this is the most
appropriate method of attribution; and

(g) upon payment of dividends to the Shareholders of a Sub-fund (and within a Sub-fund, to a specific share class) the

net assets of this Sub-fund (or share class in the Sub-fund) are reduced by the amount of such dividend.

11.7 The assets of the Company will include:
(a) all cash on hand or receivable or on deposit, including accrued interest;
(b) all bills and notes payable on demand and any amounts due (including the proceeds of securities sold but not yet

collected);

securities belonging to the Company;

(d) all dividends and distributions due to the Company in cash or in kind to the extent known to the Company provided

that the Company may adjust the valuation for fluctuations in the market value of securities due to trading practices such
as trading ex-dividend or ex-rights;

(e) all accrued interest on any interest bearing securities held by the Company except to the extent that such interest

is comprised in the principal thereof;

(f) the preliminary expenses of the Company insofar as the same have not been written off; and
(g) all other permitted assets of any kind and nature including prepaid expenses.
11.8 The liabilities of the Company will include:
(a) all borrowings, bills and other amounts due;
(b) all administrative expenses due or accrued including but not limited to the costs of its constitution and registration

with regulatory authorities, as well as legal, audit, management, custodial, paying agency and corporate and central ad-
ministration agency fees and expenses, the costs of legal publications, prospectuses, financial reports and other documents
made available to Shareholders, translation expenses and generally any other expenses arising from the administration of
the Company;

property, including the amount of all dividends declared by the Company for which no coupons have been presented and
which therefore remain unpaid until the day these dividends revert to the Company by prescription;

(d) any appropriate amount set aside for taxes due on the date of the valuation and any other provisions of reserves;

and

(e) any other liabilities of the Company of whatever kind towards third parties.
11.9 General rules
(a) all valuation regulations and determinations will be interpreted and made in accordance with Luxembourg law;
(b) the latest net asset value per share may be obtained at the registered office of the Company in accordance with

the terms of the Prospectus;

(c) for the avoidance of doubt, the provisions of this article 11 are rules for determining the net asset value per share

and are not intended to affect the treatment for accounting or legal purposes of the assets and liabilities of the Company
or any shares issued by the Company;

(d) to mitigate the effect of dilution, the net asset value per share may be adjusted on any Valuation Day in accordance

with such policy as described in the Prospectus depending on whether or not a Sub-fund is in a net subscription position
or in a net redemption position on such Valuation Day to arrive at the applicable adjusted price;

(e) the net asset value per share of each share class in each Sub-fund is made public at the offices of the Company and

Administrative Agent. The Company may arrange for the publication of this information in the reference currency of each
Sub-fund/ share class and any other currency at the discretion of the Company in leading financial newspapers. The
Company cannot accept any responsibility for any error or delay in publication or for non-publication of prices;

(f) different valuation rules may be applicable in respect of a specific Sub-fund as further laid down in the Prospectus.

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12. Art. 12. Frequency and temporary suspension of the calculation of share value and of the issue, redemption and

conversion of shares.

12.1 The net asset value of shares issued by the Company will be determined with respect to the shares relating to

each Sub-fund by the Company from time to time, but in no instance less than twice monthly, as the Board may decide.

12.2 During the existence of any state of affairs which, in the opinion of the Board, makes the determination of the

net asset value of a Sub-fund in the reference currency either not reasonably practical or prejudicial to the Shareholders
of the Company, the net asset value and the subscription price and redemption price may temporarily be determined in
such other currency as the Board may determine.

12.3 The Company may suspend the determination of the net asset value and/or the issue and/or redemption of shares

in any Sub-fund as well as the right to convert shares of any Sub-fund into shares relating to another Sub-fund:

(a) when one or more stock exchanges or markets, which provide the basis for valuing a substantial portion of the

assets of the relevant Sub-fund or share class, or when one or more foreign exchange markets in the currency in which
a substantial portion of the assets of the relevant Sub-fund or share class are denominated, are closed otherwise than for
ordinary holidays or if dealings therein are restricted or suspended;

(b) when, as a result of political, economic, military or monetary events or any circumstances outside the responsibility

and the control of the Board, disposal of the assets of the relevant Sub-fund or share class is not reasonably or normally
practicable without being seriously detrimental to the interests of the shareholders;

relevant Sub-fund or share class or if, for any reason beyond the responsibility of the Board, the value of any asset of the
relevant Sub-fund or share class may not be determined as rapidly and accurately as required;

(d) if, as a result of exchange restrictions or other restrictions affecting the transfer of funds, transactions on behalf

of the Company are rendered impracticable or if purchases and sales of the Sub-fund's assets cannot be effected at normal
rates of exchange;

(e) when the Board so decides, provided that all shareholders are treated on an equal footing and all relevant laws and

regulations are applied (i) upon publication of a notice convening a general meeting of shareholders of the Company or
of a Sub-fund for the purpose of deciding on the liquidation, dissolution, the merger or absorption of the Company or
the relevant Sub-fund and (ii) when the Board is empowered to decide on this matter, upon their decision to liquidate,
dissolve, merge or absorb the relevant Sub-fund;

(f) in case of the Company's liquidation or in the case a notice of termination has been issued in connection with the

liquidation of a Sub-fund or a class of shares;

(g) where, in the opinion of the Board, circumstances which are beyond the control of the Board make it impracticable

or unfair vis-à-vis the Shareholders to continue trading the Shares.

12.4 The suspension in respect of a Sub-fund will have no effect on the calculation of the net asset value and the issue,

redemption and conversion of the shares of any other Sub-fund.

12.5 Any such suspension may be notified by the Company in such manner as it may deem appropriate to the persons

likely to be affected thereby. The Company will notify Shareholders requesting redemption and/or conversion of their
shares of such suspension.

13. Art. 13. Board of directors.
13.1 The Company will be managed by a Board of at least three (3) members (including the chairman of the Board).

The directors of the Company, either Shareholders or not, are appointed for a term which may not exceed 6 (six) years,
by a General Meeting. Members of the Board are selected by a majority vote of the shares present or represented at the
relevant General Meeting.

13.2 The Board will issue, in at least one Sub-fund, at least one Class S Share (as described in the Prospectus) reserved

for subscription by such person(s) as decided by the Board and as more fully described in this article 13 and the Prospectus.
The holders of Class S Share(s) will be entitled to propose to the General Meeting a list containing the names of candidates
for the position of director. At any time, at least the majority of the director(s) must have been appointed out of the list
(s) proposed by the holder(s) of Class S Share(s) (the Class S Director(s)).

13.3 The General Meeting shall determine the number of directors (within the limits of articles 13.1 and 13.2 au-dessus)

and the term of their office. Any decision of the General Meeting to the effect of changing the composition of the Board
must be taken in accordance with the rights of the Class S Shares as described under article 13.2 au-dessus. In case where
the General Meeting were to refuse to appoint a candidate proposed by the holder(s) of Class S Share(s), then the holder
(s) of Class S Share(s) will make another proposal to the General Meeting.

13.4 When a legal entity is appointed as a director of the Company (the Legal Entity), the Legal Entity must designate

a permanent representative in order to accomplish this task in its name and on its behalf (the Representative). The
Representative is subject to the same conditions and obligations, and incurs the same liability as if he was performing this
task for his own account and on his own behalf, without prejudice to the joint liability of him and the Legal Entity. The
Legal Entity cannot revoke the Representative unless it simultaneously appoints a new permanent representative.

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13.5 Any director may be removed with or without cause or be replaced at any time by resolution adopted by the

General Meeting, provided however that if a Class S Director is removed, the remaining directors must call for an
extraordinary General Meeting without delay in order for a new Class S Director to be appointed in his/her place in
accordance with the requirements of this article. The new Class S Director so appointed will be chosen from the can-
didates on the list presented by the holder(s) of Class S Share(s).

13.6 In the event of a vacancy in the office of a member of the Board, the remaining directors may temporarily fill such

vacancy; the Shareholders will take final decision regarding such nomination at their next General Meeting. For the
avoidance of doubt, a vacancy in the office of a Class S Director must be filled with a new Class S Director proposed by
the holder(s) of Class S Share(s).

14. Art. 14. Board meetings.
14.1 The Board will elect a chairman out of the Class S Director(s). It may further choose a secretary, either director

or not, who will be in charge of keeping the minutes of the meetings of the Board. The Board will meet upon call by the
chairman or any two directors, at the place indicated in the notice of meeting.

14.2 The chairman will preside at all General Meetings and all meetings of the Board. In his absence, the General

Meeting or, as the case may be, the Board will appoint another Class S Director as chairman pro tempore by vote of the
majority in number present in person or by proxy at such meeting.

14.3 Meetings of the Board are convened by the chairman or by any other two members of the Board.
14.4 The directors will be convened separately to each meeting of the Board. Written notice of any meeting of the

Board will be given to all directors at least forty-eight (48) hours prior to the date set for such meeting, except in
emergencies, in which case the nature of the emergency will be set forth in the notice of meeting. This notice may be
waived by consent in writing, by telegram, telex, telefax or other similar means of communication. No separate invitation
is necessary for meetings whose date and location have been determined by a prior resolution of the Board.

14.5 The meetings are held at the place, the day and the hour specified in the convening notice.
14.6 Any director may act at any meeting of the Board by appointing in writing or by telefax or telegram or telex

another director as his proxy.

14.7 A director may represent more than one of his colleagues, under the condition however that at least two directors

are present at the meeting.

14.8 Any director may participate in any meeting of the Board by conference call or by other similar means of com-

munication allowing all the persons taking part in the meeting to hear and speak to one another. The participation in a
meeting by these means is equivalent to a participation in person at such meeting and is deemed to be held at the registered
office of the Company.

14.9 The Board can validly debate and take decisions only if the majority of its members (and at least one Class S

Director) is present or duly represented.

14.10 All resolutions of the Board shall require a majority of the directors present or represented at the Board meeting

and at least the positive vote of one Class S Director, in which the quorum requirements set forth in the present article
are met.

14.11 In the case of a tied vote, the Chairman or the chairman pro tempore, as the case may be, will have a casting

vote.

14.12 Resolutions signed by all directors will be valid and binding in the same manner as if they were passed at a meeting

duly convened and held. Such signatures may appear on a single document or on multiple copies of an identical resolution
and may be evidenced by letter or telefax.

14.13 The decisions of the Board will be recorded in minutes to be inserted in a special register and signed by the

chairman or by any two other directors. Any proxies will remain attached thereto.

14.14 Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise will be signed

by the chairman or by any two other directors.

14.15 No contract or other transaction between the Company and any other company, firm or other entity will be

affected or invalidated by the fact that any one or more of the directors or officers of the Company have a personal
interest in, or are a director, associate, officer or employee of such other company, firm or other entity. Any director
who is director or officer or employee of any company, firm or other entity with which the Company will contract or
otherwise engage in business will not, merely by reason of such affiliation with such other company, firm or other entity
be prevented from considering and voting or acting upon any matters with respect to such contract or other business.

14.16 In the event that any director of the Company may have any personal and opposite interest in any transaction

of the Company, such director will make known to the Board such personal and opposite interest and will not consider
or vote upon any such transaction, and such transaction, and such director's interest therein, will be reported to the next
following annual General Meeting.

14.17 The preceding paragraph does not apply to resolutions of the Board concerning transactions made in the ordinary

course of business of the Company which are entered into on arm's length terms.

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14.18 If, a quorum of the Board cannot be reached due to a conflict of interest, resolutions passed by the required

majority of the other members of the Board present or represented at such meeting and voting will be deemed valid.

15. Art. 15. Powers of the board of directors.
15.1 The Board is vested with the broadest powers to perform all acts of disposition and administration within the

Company's purpose, in compliance with the investment policy as determined in article 19 of these Articles, to the extent
that such powers are not expressly reserved by law or by these Articles to the General Meeting.

15.2 All powers not expressly reserved by law or by these Articles to the General Meeting lie in the competence of

the Board.

16. Art. 16. Corporate signature. Vis-à-vis third parties, the Fund is validly bound by the joint signature of a Class S

Director and any other director (whether Class S Director or not) of the Fund or by the joint or single signature of any
person(s) to whom authority has been delegated by the Board.

17. Art. 17. Delegation of powers.
17.1 The Board may delegate its powers to conduct the daily management and affairs of the Company and its powers

to carry out acts in furtherance of the corporate policy and purpose, to physical persons or corporate entities which
need not be members of the Board, acting under the supervision of the Board. The Board may also delegate certain of
its powers, authorities and discretions to any committee, consisting of such person or persons (whether a member of
members of the Board or not) as it thinks fit, provided that the majority of the members of the committee are directors
of the Company and that no meeting of the committee will be quorate for the purpose of exercising any of its powers,
authorities or discretions unless a majority of those present are directors of the Company.

17.2 The Board may also confer special powers of attorney by notarial or private proxy.

18. Art. 18. Indemnification.
18.1 The Company may indemnify any director or officer and his heirs, executors and administrators, against expenses

reasonably incurred by him in connection with any action, suit or proceeding to which he or she may be made a party
by reason of his or her being or having been a director or officer of the Company or, at his or her request, of any other
corporation of which the Company is a shareholder or creditor and from which he is not entitled to be indemnified,
except in relation to matters as to which he or she will be finally adjudged in such action, suit or proceeding to be liable
for gross negligence or misconduct.

18.2 In the event of a settlement, indemnification will be provided only in connection with such matters covered by

the settlement as to which the Company is advised by counsel that the person to be indemnified did not commit such a
breach of duty.

19. Art. 19. Investment policies and restrictions.
19.1 The Board is vested with the broadest powers to perform all acts of administration and disposition in the Com-

pany's interest. All powers not expressly reserved by law or by these Articles to the General Meeting may be exercised
by the Board.

19.2 The Board has, in particular, the power to determine the corporate policy. The course of conduct of the mana-

gement and business affairs of the Company will fall under such investment restrictions as may be imposed by the 2010
Act or be laid down in the laws and regulations of those countries where the shares are offered for sale to the public or
as will be adopted from time to time by resolutions of the Board and as will be described in any prospectus relating to
the offer of shares.

19.3 The management of the assets of the Sub-funds will be undertaken within the following investment restrictions.

A Sub-fund may be subject to different or additional investment restrictions set out in the relevant special section of the
Prospectus.

19.4 Subject to compliance with all investment restrictions which apply to UCIs subject to Part I of the 2010 Act and

the additional investment restrictions set out in the Prospectus, the Company may invest in:

(a) shares in companies and other securities equivalent to shares in companies (shares), bonds and other forms of

securities, debt and any other negotiable securities which carry the right to acquire any such transferable securities by
subscription or exchange (Transferable Securities);

(b) instruments normally dealt in on the money market which are liquid, and have a value which can be accurately

determined at any time (Money Market Instruments);

(c) shares or units of other UCIs, including shares or units of a master fund qualified as a UCITS;
(d) deposits with credit institutions, which are repayable on demand or have the right to be withdrawn and which are

maturing in no more than twelve (12) months;

(e) financial derivative instruments;
(f) shares issued by one or several other Sub-funds under the conditions provided for by the 2010 Act.
19.5 The Company may purchase Transferable Securities and Money Market Instruments on any Regulated Market of

a state of Europe being or not a Member State, of America, Africa, Asia, Australia or Oceania. The Company may also

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invest in recently issued Transferable Securities and Money Market Instruments, provided that the terms of issue include
an undertaking that application will be made for admission to official listing on a Regulated Market and that such admission
be secured within one year of issue. Each Sub-fund may also invest up to 10% of its net assets in other Transferable
Securities and Money Market Instruments.

19.6 A Sub-fund may have as objective to replicate the composition of an index of securities or debt securities reco-

gnised by the Luxembourg supervisory authority.

19.7 In accordance with the principle of risk spreading, a Sub-fund may invest up to 100% of its net assets in Transferable

Securities or Money Market Instruments issued or guaranteed by a Member State, its local authorities, another member
state of the OECD, such non-member state(s) of the OECD as set out in the Prospectus or public international bodies
of which one or more Member States are members if (i) the relevant Sub-fund holds securities belonging to six different
issues at least and (ii) the securities belonging to one issue do not represent more than 30% of the net assets of the
relevant Sub-fund.

19.8 The Board, acting in the best interest of the Company, may decide, in the manner described in the Prospectus,

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.

19.9 Investments of each Sub-fund may be made either directly or indirectly through wholly-owned subsidiaries, as

the Board may from time to time decide and as described in the Prospectus. Reference in these Articles 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.

19.10 The Company may employ techniques and instruments relating to Transferable Securities and Money Market

Instruments for hedging or efficient portfolio management purposes.

19.11 Under the conditions set forth in Luxembourg laws and regulations, the Board may, at any time it deems ap-

propriate and to the widest extent permitted by applicable Luxembourg laws and regulations:

(a) create any Sub-fund and/or class of shares qualifying either as a feeder UCITS or as a master UCITS;
(b) convert any existing Sub-fund and/or share class into a feeder UCITS sub-fund and/or class of shares or change the

master UCITS of any of its feeder UCITS sub-fund and/or class of shares.

20. Art. 20. Auditor.
20.1 The accounting data reported in the annual report of the Company will be examined by an auditor (réviseur

d'entreprises agréé) appointed by the General Meeting and remunerated by the Company.

20.2 The auditor fulfils all duties prescribed by the 2010 Act.

21. Art. 21. General meeting of shareholders of the company.
21.1 The General Meeting represents, when properly constituted, the entire body of Shareholders of the Company.

Its resolutions are binding upon all the Shareholders, regardless of the share class held by them. It has the broadest powers
to order, carry out or ratify acts relating to the operations of the Company.

21.2 The General Meeting meets when called by the Board. It will be necessary to call a General Meeting within a

month whenever a group of Shareholders representing at least one tenth of the subscribed capital requires so by written
notice. In such case, the concerned Shareholders must indicate the agenda of the meeting.

21.3 The annual General Meeting will be held at the registered office of the Company or at such other place in the

municipality of its registered office as may be specified in the notice of meeting, on the fourth Thursday of April of each
year at 4.00 p.m. (Luxembourg time). If this day is a legal or banking holiday in Luxembourg, the annual General Meeting
will be held on the next business day.

21.4 Other General Meetings may be held at such places and times as may be specified in the respective notices of

meeting.

21.5 Shareholders meet when called by the Board 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. It is not
necessary to provide proof at the meeting that such notices were actually delivered to registered Shareholders. The
agenda is prepared by the Board, except when the meeting is called on the written request of the Shareholders, in which
case the Board may prepare a supplementary agenda.

21.6 If all shares are in registered form or dematerialised form and if no publications are made, notices to Shareholders

may be sent by registered mail only.

21.7 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.

21.8 The Board may determine all other conditions that must be fulfilled by Shareholders in order to attend any meeting

of Shareholders. To the extent permitted by law, the convening notice to a General Meeting may provide that the quorum
and majority requirements will be assessed against the number of shares issued and outstanding at midnight (Luxembourg
time) on the fifth day prior to the relevant meeting (the Record Date) in which case, the right of any Shareholder to
participate in the meeting will be determined by reference to his/her/its holding as at the Record Date.

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21.9 The business transacted at any meeting of the Shareholders will be limited to the matters on the agenda and

transactions related to these matters.

21.10 Subject to article 19.7 above, each share of any share class is entitled to one vote, in accordance with Luxembourg

law and these Articles. A Shareholder may act at any meeting of Shareholders through a written proxy to another person,
who need not be a Shareholder and who may be a member of the Board of the Company.

21.11 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.

22. Art. 22. General meetings of shareholders in a sub-fund or in a share class.
22.1 The Shareholders of the share classes issued in a Sub-fund may hold, at any time, General Meetings to decide on

any matters which relate exclusively to that Sub-fund.

22.2 In addition, the Shareholders of any share class may hold, at any time, General Meetings for any matters which

are specific to that share class.

22.3 The provisions of article 21 of these Articles apply to such General Meetings.
22.4 Subject to article 19.7 above, each share is entitled to one vote in accordance with Luxembourg law and these

Articles. Shareholders may act either in person or through a written proxy to another person who need not be a
Shareholder and may be a director.

22.5 Unless otherwise provided for by law or in these Articles, the resolutions of the General Meeting of a Sub-fund

or of a share class are passed by a simple majority vote of the Shareholders present or represented.

23. Art. 23. Liquidation of sub-funds or share classes.
23.1 In the event that for any reason the net assets of a Sub-fund or of any share class fall below the equivalent of the

Minimum Net Asset Value or if a change in the economic or political environment of the relevant Sub-fund or share class
may have material adverse consequences on the Sub-fund or share class' investments, or if an economic rationalisation
so requires, the Board may decide to redeem all the shares of the relevant share class(es) at the net asset value per share
(taking into account actual realisation prices of investments and realisation expenses) calculated as of the day the decision
becomes effective. The Company will serve a notice to the holders of the relevant share class(es) at the latest on the
effective date for the compulsory redemption, which will indicate the reasons and the procedure for the redemption
operations: registered holders will be notified in writing. Unless it is otherwise decided in the interests of, or to keep
equal treatment between the Shareholders, the Shareholders of the Sub-fund or of the share class concerned may continue
to request redemption of their shares free of charge (but taking into account actual realisation prices of investments and
realisation expenses) prior to the date effective for the compulsory redemption.

23.2 Notwithstanding the powers conferred to the Board by the preceding paragraph, the General Meeting of any one

or all share classes issued in any Sub-fund will, in any other circumstances, have the power, upon proposal from the Board,
to redeem all the shares of the relevant share class(es) and refund to the Shareholders the net asset value of their shares
(taking into account actual realisation prices of investments and realisation expenses) calculated on the Valuation Day at
which such decision will become effective. No quorum will be required at this General Meeting and resolutions will be
passed by a simple majority of those present or duly represented and voting at such meeting, provided that the decision
does not result in the liquidation of the Company.

23.3 Any amounts unclaimed by the Shareholders at the closing of the liquidation and, at the latest, at the expiration

of a period of nine (9) months following the decision to liquidate a Sub-fund or share class will be deposited with the
Caisse de Consignation in Luxembourg for a duration of thirty (30) years. If amounts deposited remain unclaimed beyond
the prescribed time limit, they will be forfeited.

23.4 All redeemed shares will be cancelled.

24. Art. 24. Merger of sub-funds or share classes.
24.1 In accordance with the provisions of the 2010 Act and of these articles, the Board may decide to merge or

consolidate the Company with, or transfer substantially all or part of the Company's assets to, or acquire substantially
all the assets of, another UCITS established in Luxembourg or another EU Member State. For the purpose of this article,
the term UCITS also refers to a sub-fund of a UCITS and the term Company also refers to a Sub-fund.

24.2 Any merger leading to termination of the Company must be approved by a resolution of the General Meeting in

accordance with the quorum and majority requirements referred to in article 30 of these Articles. For the avoidance of
doubt, this provisions does not apply in respect of a merger leading to the termination of a Sub-fund.

24.3 Shareholders will receive shares of the surviving UCITS or sub-fund and, if applicable, a cash payment not exceeding

10% of the net asset value of those shares.

24.4 The Company will provide appropriate and accurate information on the proposed merger to its Shareholders so

as to enable them to make an informed judgment of the impact of the merger on their investment and to exercise their
rights under this article 24 and the 2010 Act.

24.5 The Shareholders have the right to request, without any charge other than those retained by the Company to

meet disinvestment costs, the redemption of their Shares.

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U X E M B O U R G

24.6 Under the same circumstances as provided by article 23.1 above, the Board may decide to allocate the assets of

a Sub-fund to those of another existing Sub-fund within the Company or to another Luxembourg UCITS or to another
sub-fund within such other Luxembourg UCITS (the New Sub-fund) and to repatriate the shares of the share class or
share classes concerned as shares of another share 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 article 24.4 one month before its effectiveness (and, in addition, the publication will contain
information in relation to the New Sub-fund), in order to enable the Shareholders to request redemption of their Shares,
free of charge, during such period.

24.7 Notwithstanding the powers conferred to the Board by article 24.6 above, a contribution of the assets and of the

liabilities attributable to any Sub-fund to another Sub-fund within the Company may in any other circumstances be decided
by a general meeting of Shareholders of the share class or share classes issued in the Sub-fund concerned for which there
will be no quorum requirements and which will decide upon such a merger by resolution taken by simple majority of
those present or represented and voting at such meeting.

24.8 If the interest of the Shareholders of the relevant Sub-fund or in the event that a change in the economic or

political situation relating to a Sub-fund so justifies, the Board may proceed to the reorganisation of a Sub-fund by means
of a division into two or more Sub-funds. Information concerning the New Sub-fund(s) will be provided to the relevant
Shareholders. Such publication will be made one month prior to the effectiveness of the reorganisation in order to permit
Shareholders to request redemption of their Shares free of charge during such one month prior period.

24.9 The Board may also decide that the Company or one or more Sub-funds acquire all the assets of a non-UCITS

UCI (or one or several sub-funds thereof) established in Luxembourg or abroad in exchange for the issue of Shares by
the Company or relevant Sub-fund(s).

25. Art. 25. Financial year. The financial year of the Company commences on 1 January of each year and terminates

on 31 December of the same year.

26. Art. 26. Application of income.
26.1 The General Meeting determines, upon proposal from the Board and within the limits provided by law, how the

income from the Sub-fund will be applied with regard to each existing share class, and may declare, or authorise the Board
to declare, distributions.

26.2 For any share class entitled to distributions, the Board may decide to pay interim dividends in accordance with

legal provisions.

26.3 Payments of distributions to owners of registered shares will be made to such Shareholders at their addresses in

the register of Shareholders.

26.4 Distributions may be paid in such a currency and at such a time and place as the Board determines from time to

time.

26.5 The Board may decide to distribute bonus stock in lieu of cash dividends under the terms and conditions set forth

by the Board.

26.6 Any distributions that has not been claimed within 5 (five) years of its declaration will be forfeited and revert to

the share class(es) issued in the respective Sub-fund.

26.7 No interest will be paid on a dividend declared by the Company and kept by it at the disposal of its beneficiary.

27. Art. 27. Depositary.
27.1 To the extent required by law, the Company will enter into a depositary agreement with a bank or credit institution

as defined by the act dated 5 April 1993 on the financial sector, as amended (the Depositary).

27.2 The Depositary will fulfil its obligations in accordance with the 2010 Act.
27.3 If the Custodian indicates its intention to terminate the custodial relationship, the Board will make every effort

to find a successor custodian within two months of the effective date of the notice of termination of the custodian
agreement. The Board may terminate the agreement with the Custodian but may not relieve the Custodian of its duties
until a successor custodian has been appointed.

28. Art. 28. Liquidation of the company.
28.1 The Company may at any time be dissolved by a resolution of the General Meeting, subject to the quorum and

majority requirements referred to in article 29 of these Articles.

28.2 If the assets of the Company fall below two-thirds of the minimum capital indicated in article 5 of these Articles,

the question of the dissolution of the Company will be referred to the General Meeting by the Board. The General
Meeting, for which no quorum will be required, will decide by simple majority of the votes of the shares represented at
the General Meeting.

28.3 The question of dissolution of the Company will further be referred to the General Meeting whenever the share

capital falls below one-fourth of the minimum capital indicated in article 5 of these Articles; in such event, the General
Meeting will be held without any voting quorum requirements and the dissolution may be decided by Shareholders holding
one-quarter of the votes of the shares represented at the meeting.

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

net assets of the Company have fallen below two-thirds or one-quarter of the legal minimum, as the case may be.

28.5 If the Company is dissolved, the liquidation will be carried out by one or several liquidators appointed in accor-

dance with the provisions of the 2010 Act.

28.6 The decision to dissolve the Company will be published in the Mémorial and two newspapers with adequate

circulation, one of which must be a Luxembourg newspaper.

28.7 The liquidator(s) will realise each Sub-fund's assets in the best interests of the Shareholders and apportion the

proceeds of the liquidation, after deduction of liquidation costs, amongst the Shareholders of the relevant Sub-fund
according to their respective prorata.

28.8 Any amounts unclaimed by the Shareholders at the closing of the liquidation of the Company will be deposited

with the Caisse des Consignations in Luxembourg for a duration of thirty (30) years. If amounts deposited remain un-
claimed beyond the prescribed time limit, they will be forfeited.

29. Art. 29. Amendments to the articles. These Articles may be amended by a General Meeting of Shareholders subject

to the quorum and majority requirements provided for by the law of 10 August 1915 on commercial companies, as
amended (the 1915 Act).

30. Art. 30. Definitions. Words importing a masculine gender also include the feminine gender and words importing

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

31. Art. 31. Applicable law. All matters not governed by these Articles will be determined in accordance with the 1915

Act and the 2010 Act. In case of conflict between the 1915 Act and the 2010 Act, the 2010 Act will prevail.

Transitional provisions

The first business year begins today and ends on 31 December 2014.
The first annual General Meeting will be held on 2015.

Subscription

The Articles having thus been established, all shares have been subscribed as follows:

Richard Vogel, prenamed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . two hundred twenty-five (225) shares
Antoine Firmenich, prenamed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . two hundred twenty-five (225) shares
Patrick McNeill, prenamed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

fifty (50) shares

Total: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

five hundred (500) shares

All these shares have been fully paid up by the shareholders by payment in cash, so that the sum of EUR 50,000 (fifty

thousand euro) paid by the shareholders is from now on at the free disposal of the Company, evidence thereof having
been given to the officiating notary.

Statement - Costs

The notary executing this deed declares that the conditions prescribed by articles 26, 26-3 and 26-5 of the 1915 Act

have been fulfilled and expressly bears witness to their fulfilment. Further, the notary executing this deed confirms that
these Articles comply with the provisions of article 27 of the 1915 Act.

The amount, approximately at least, of costs, expenses, salaries or charges, in whatever form it may be incurred or

charged to the Company as a result of its formation, is approximately evaluated at EUR 3,500.-.

Extraordinary general meeting of shareholders

The above named party, representing the whole of the subscribed capital, considering itself to be duly convened, has

proceeded to hold an extraordinary general meeting of shareholders and having stated that it was regularly constituted,
it has passed the following resolutions by unanimous vote:

1. the number of directors is set at 3 (three);
2. the following persons are appointed as members of the Board for a period ending on the date of the annual general

meeting to be held on 2015:

- François Winandy, Class S Director, born on 15 May 1949 in Luxembourg, and having his residential address at 104,

rue des Pommiers, L-2343, Luxembourg, Grand Duchy of Luxembourg;

- Alain Guérard, Class S Director, born on 19 January 1968 in Sainte-Adresse, and having his professional address at

24, rue Beaumont, L-1210, Luxembourg, Grand Duchy of Luxembourg;

- Jérôme Haag, Class S Director, born on 19 August 1974 in Boudevilliers, and having his professional address at 36,

boulevard Helvétique, CH-1207, Geneva, Switzerland;

4. Ernst & Young S.A., with registered office at 7, rue Gabriel Lippmann, Parc d'activité Syrdall 2, 5365 Munsbach,

Grand Duchy of Luxembourg (RCS Luxembourg B 47771), is appointed as external auditor of the Company for a period
ending on the date of the annual general meeting to be held on 2015;

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5. the Company's registered office will be at 15, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxem-

bourg.

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.

Whereof, the present notarial deed was drawn up in Luxembourg, on the day named at the beginning of this document.
The document having been read to the persons appearing, all of whom are known to the notary by their surnames,

names, civil status and residences, the said persons appearing signed together with the notary the present deed.

Signé: B. KELECOM et H. HELLINCKX.
Enregistré à Luxembourg A.C., le 23 avril 2014. Relation: LAC/2014/18859. Reçu soixante-quinze euros (75,- EUR).

Le Receveur (signé): I. THILL.

- POUR EXPEDITION CONFORME - délivrée à la société sur demande.

Luxembourg, le 28 avril 2014.

Référence de publication: 2014058939/870.
(140068375) Déposé au registre de commerce et des sociétés de Luxembourg, le 28 avril 2014.

TAMAC Global Managers (Lux), Fonds Commun de Placement.

Das mit Wirkung vom 2. Juni 2014 geänderte Verwaltungsreglement 06/2014 des Fonds „TAMAC Global Managers

(Lux)“ wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Luxemburg, den 05.05.2014.

FRANKFURT-TRUST Invest Luxemburg AG
Anell / Tiburzi
Directeur / Fondé de Pouvoir

Référence de publication: 2014062676/12.
(140072923) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 mai 2014.

Capital International Management Company, Société à responsabilité limitée.

Siège social: L-1855 Luxembourg, 37, avenue J.F. Kennedy.

R.C.S. Luxembourg B 41.479.

Dissolution of EMERGING MARKETS TRUST (the “Fund”)

Following the total redemption of the last Unitholder of the Fund on 7 March 2014, the board of managers of the

Management Company, with the approval of the custodian bank, JPMorgan Bank Luxembourg S.A., decided to terminate
the management regulations and to dissolve the Fund with effect from 11 March 2014.

The redemption proceeds having been paid out to the sole Unitholder, no monies will be deposited at the Caisse de

Consignation. The records, including the accounts, of the Fund will be kept for a period of five years at the registered
office of JPMorgan Bank Luxembourg S.A., 6C, route de Trèves, L-2633 Senningerberg, Luxembourg, ending on 11 March
2019.

The Board of Managers.

Référence de publication: 2014063826/755/15.

Daripod Holding S.A., Société Anonyme.

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

R.C.S. Luxembourg B 185.028.

STATUTES

In the year two thousand fourteen, on the twenty-first day of February,
Before us, Maître Carlo Wersandt, notary residing in Luxembourg, acting in replacement of Maître Henri Hellinckx,

notary residing in Luxembourg,

THERE APPEARED:

- Azeed Group Inc., a company limited by shares formed and operating under the laws of the British Virgin Islands,

registered in the Registrar of Corporate Affairs of the British Virgin Islands under No. 1661134 and having its registered
office at First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands;

here represented by Régis Galiotto, notary clerk, residing professionally at 101, rue Cents, L-1319 Luxembourg, Grand

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

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- Uline Commercial Inc., a company limited by shares formed and operating under the laws of the British Virgin Islands,

registered in the Registrar of Corporate Affairs of the British Virgin Islands under No. 1585137 and having its registered
office at Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British Virgin Islands;

here represented by Régis Galiotto, notary clerk, residing professionally at 101, rue Cents, L-1319 Luxembourg, Grand

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

- Ailita Systems Ltd., a company limited by shares formed and operating under the laws of the British Virgin Islands,

registered in the Registrar of Corporate Affairs of the British Virgin Islands under No. 1767188 and having its registered
office at First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands;

here represented by Régis Galiotto, notary clerk residing professionally at 101, rue Cents, L-1319 Luxembourg, 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 persons and the undersigned

notary, shall remain attached to the present deed to be filed at the same time with the registration authorities. Such
appearing persons have requested the officiating notary to enact the following articles of association of a company which
they declare to establish as follows:

1. Form and name. There exists a public limited liability company (société anonyme) under the name Daripod Holding

S.A. (the “Company”) which is governed by the laws of the Grand Duchy of Luxembourg, in particular by the law dated
August 10, 1915 on commercial companies, as amended (the “Law”), as well as by the present articles of association (the
“Articles”).

2. Registered office.
2.1. The registered office of the Company is established in Luxembourg, Grand Duchy of Luxembourg. It may be

transferred within the boundaries of the municipality by a resolution of the sole director or, in case of plurality of directors,
of the board of directors of the Company.

2.2. Branches, subsidiaries or other offices may be established either in the Grand Duchy of Luxembourg or abroad

by a resolution of the sole director or, in case of plurality of directors, of the board of directors of the Company. Where
the sole director or, in case of plurality of directors, the board of directors of the Company determines that extraordinary
political or military developments 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 extraordinary 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.

3. Duration.
3.1. The Company is established for an unlimited period of time.
3.2. The Company may be dissolved, at any time, by a resolution of the general meeting of shareholder(s) of the

Company adopted in the manner required for the amendment of the Articles.

3.3. The Company shall not be dissolved by reason of the death or dissolution of the single shareholder.

4. Corporate object.
4.1. The purpose of the Company is the acquisition of ownership interests, in Luxembourg or abroad, in any companies

or enterprises in any form whatsoever and the management of such ownership interests. The Company may in particular
acquire by subscription, purchase, and exchange or in any other manner any stock, shares and other securities, bonds,
debentures, certificates of deposit and other debt instruments and more generally any securities and financial instruments
issued by any public or private entity whatsoever, including partnerships. It may participate in the creation, development,
management and control of any company or enterprise. It may further invest in the acquisition and management of a
portfolio of patents or other intellectual property rights of any nature or origin whatsoever. This shall include without
limiting the scope of this provision:

- equity participation, by all means, in Dari Podarki, a limited liability company formed under the laws of the Russian

Federation, registered in the Unified State Register of Legal Entities under No. 1117746218699, the main activity of which
is the distribution of gift certificates either paper based, cards, e-vouchers or any other format in the Russian Federation
(Dari Podarki); and

- equity participation, by all means, in all companies or groups, having a similar or connected purpose to purpose of

Dari Podarki;

- short, medium and long-term financing and management of the funds of the companies it controls or that are under

the same control, including by entering into treasury, investment and hedging operations.

In order to carry out this purpose, the Company can resort, in any place, to all deeds and transactions, whatever their

nature and importance may be, and including through the setting up of new legal entities, to the subscription or purchase
of securities or corporate rights, the acquisition, the merger, as long as deeds and transactions contribute or can con-
tribute to, facilitate or can facilitate the implementation of the activities defined above, or as long as they allow the direct

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U X E M B O U R G

or indirect safeguard of the commercial, industrial or financial interests of the Company, of its subsidiaries or of the
companies with which it has a business relationship.

4.2. The Company may borrow in any form in Luxembourg and abroad, in euros or other currency. It may issue notes,

bonds and debentures and any kind of debt and/or equity securities. The Company may lend funds in Luxembourg and
abroad, in euros or other currency, including the proceeds of any borrowings and/or issues of debt securities to its
subsidiaries, affiliated companies or to any other legal entity. It may also give guarantees and grant security interests in
favour of third parties to secure its obligations or the obligations of its subsidiaries, affiliated companies or any other legal
entity. The Company may further mortgage, pledge, transfer, encumber or otherwise hypothecate all or some of its assets.

4.3. The Company may generally employ any techniques and utilize any instruments relating to its investments for the

purpose of their efficient management, including techniques and instruments designed to protect the Company against
risks related to credits, currency exchange and interest rate fluctuations as well as other risks.

4.4. The Company may carry out any commercial, financial or industrial operations and any transactions with respect

to real estate or movable property, which directly or indirectly further or relate to its purpose or connected purposes
and that are likely to facilitate their execution.

5. Capital.
5.1. The subscribed share capital is set at thirty-one thousand euro (EUR 31,000) represented by thirty-one thousand

(31,000) shares with a par value of one euro (EUR 1) each, all subscribed and fully paid-up.

5.2. The subscribed share capital of the Company may be increased or reduced by a resolution of the general meeting

of shareholder(s) of the Company adopted in the manner required for the amendment of the Articles.

6. Shares.
6.1. The shares are in registered form (actions nominatives) or bearer form (actions au porteur) at the option of the

shareholder(s).

6.2. For shares in registered form, a shareholders register of the Company shall be kept at the registered office of the

Company, where it will be available for inspection by any shareholder. Such register shall set forth the name of each
shareholder, his residence or elected domicile, the number of shares held by him, the amounts paid in on each such share,
and the transfer of shares and the dates of such transfers. Ownership of shares will be established by the entry in the
shareholders register of the Company.

6.3. The Company may redeem its own shares within the limits set forth by the Law.

7. Transfer of shares. Shares shall be transferred by a written declaration of transfer registered in the shareholders

register of the Company, such declaration of transfer to be executed by the transferor and the transferee or by persons
holding suitable powers of attorney. The Company may also accept as evidence of transfer other instruments of transfer
satisfactory to the Company.

8. Shareholders’ meetings.
8.1. The sole shareholder assumes all powers conferred by the Law to the general meeting of shareholders. The

decisions of the sole shareholder are recorded in minutes or drawn-up in writing.

8.2. In case of plurality of shareholders, any regularly constituted meeting of the shareholders of the Company shall

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

8.3. The annual general meeting of the shareholder(s) of the Company shall be held, in accordance with the Law, in

Luxembourg 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 such meeting, on the third Monday of October of each
year at 11.00 a.m.. If such day is not a business day for banks in Luxembourg, the annual general meeting shall be held on
the next following business day.

8.4. The annual general meeting of the shareholder(s) of the Company may be held abroad if, in the absolute and final

judgment of the sole director, or in case of plurality of directors, the board of directors of the Company, exceptional
circumstances so requires.

8.5. Other meetings of the shareholder(s) of the Company may be held at such place and time as may be specified in

the respective convening notices of the meeting.

9. Notice - Quorum - Powers of attorney - Convening notices.
9.1. The notice periods and quorum required by law shall govern the notice for, and conduct of, the meetings of

shareholders of the Company, unless otherwise provided herein.

9.2. Each share is entitled to one vote.
9.3. Except as otherwise required by the Law or by these Articles, resolutions at a meeting of the shareholders of the

Company duly convened will be passed by a simple majority of those present or represented and voting.

9.4. An extraordinary general meeting convened to amend any provisions of the Articles shall not validly deliberate

unless at least one half of the capital is represented and the agenda indicates the proposed amendments to the Articles.

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U X E M B O U R G

9.5. If the first of these conditions is not satisfied, a second meeting may be convened, in the manner prescribed by

the Articles, by means of notices published twice, at fifteen days interval at least and fifteen days before the meeting in
the Luxembourg official gazette, the Mémorial, and in two Luxembourg newspapers. Such convening notice shall repro-
duce the agenda and indicate the date and the results of the previous meeting. The second meeting shall validly deliberate
regardless of the proportion of the capital represented. At both meetings, resolutions, in order to be adopted, must be
carried by at least two-thirds of the votes of the shareholders present or represented.

9.6. However, the nationality of the Company may be changed and the commitments of its shareholders may be

increased only with the unanimous consent of the shareholders and bondholders.

9.7. A shareholder may act at any meeting of the shareholders of the Company by appointing another person as his

proxy in writing whether in original, by telefax or cable.

9.8. Any shareholder may participate in a meeting of the shareholders of the Company by conference call or similar

means of communications equipment whereby all persons participating in the meeting can hear and speak to each other
and properly deliberate, and participating in a meeting by such means shall constitute presence in person at such meeting.

9.9. If all the shareholders of the Company are present or represented at a meeting of the shareholders of the Company,

and consider themselves as being duly convened and informed of the agenda of the meeting, the meeting may be held
without prior notice.

10. Management.
10.1. The Company shall be managed by a sole director where the Company has only one shareholder and by a board

of directors composed of at least three members in any other cases. The sole director or the members of the board of
directors need(s) not be shareholder(s) of the Company. Any director shall be elected for a term not exceeding six years
and shall be re-eligible.

Whenever a legal entity is appointed as a director of the Company (the “Legal Entity”), the Legal Entity must designate

a permanent representative to perform such director’s mandate in its name and on its behalf (the “Representative”). The
Representative is subject to the same conditions and obligations, and incurs the same liability, as if he was performing
such director’s mandate in his own name, without prejudice to the joint liability of the Legal Entity. The Legal Entity may
only revoke the Representative provided that it simultaneously appoints a new Representative.

10.2. The sole director, and in case of plurality of directors, the members of the board of directors shall be elected

by the shareholder(s) of the Company at the general meeting. The shareholder(s) of the Company shall also determine
the number of directors, their remuneration and the term of their office. A director may be removed with or without
cause and/or replaced, at any time, by resolution adopted by the general meeting of shareholder(s) of the Company.

10.3. In the event of vacancy in the office of a director because of death, retirement or otherwise, the remaining

directors may elect, by a majority vote, a director to fill such vacancy until the next general meeting of shareholder(s) of
the Company.

11. Board meetings.
11.1. In case of plurality of directors, the board of directors of the Company must appoint a chairman among its

members and it may choose a secretary, who need not be a director, and who shall be responsible for keeping the minutes
of the meetings of the board of directors of the Company and the minutes of the general meetings of the shareholder(s)
of the Company.

11.2. The board of directors of the Company shall meet upon call by the chairman or any two directors, at the place

indicated in the notice of meeting which shall, in principle, be in Luxembourg.

11.3. Written notice of any meeting of the board of directors of the Company shall be given to all directors at least

24 (twenty-four) 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 of directors
of the Company.

11.4. No such written notice is required if all the members of the board of directors of the Company are present 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 notice may be waived by the consent in writing, whether in original, by telefax or cable, of
each member of the board of directors of the Company. Separate written notice shall not be required for meetings that
are held at times and places prescribed in a schedule previously adopted by resolution of the board of directors of the
Company.

11.5. Any member of the board of directors of the Company may act at any meeting of the board of directors of the

Company by appointing, in writing whether in original, by telefax or cable, another director as his or her proxy.

11.6. Any director may participate in a meeting of the board of directors of the Company by conference call or similar

11.7. The board of directors of the Company can deliberate and/or act validly only if at least the majority of the

Company’s directors is present or represented at a meeting of the board of directors of the Company. Decisions shall

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U X E M B O U R G

be taken by a majority of the votes of the directors present or represented at such meeting. In the event that at any
meeting the number of votes for and against a resolution is equal, the chairman of the meeting shall have a casting vote.

11.8. Resolutions signed by all directors shall be valid and binding in the same manner as if passed at a meeting duly

convened and held. Such signatures may appear on a single document or on multiple copies of an identical resolution and
may be evidenced by letter, telefax or telex.

12. Minutes of the board meetings.
12.1. The minutes of any meeting of the board of directors of the Company shall be signed by the chairman of the

board of directors of the Company who presided at such meeting or by any two directors of the Company.

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

by the secretary (if any) or by any director of the Company.

13. Decisions of the sole director. The decisions of the sole director of the Company are drawn in writing.

14. Powers of the sole director or of the board of directors. The sole director, and in case of plurality of directors,

the board of directors of the Company is vested with the broadest powers to perform or cause to be performed all acts
of disposition and administration in the Company’s interest. All powers not expressly reserved by the Law or by the
Articles to the general meeting of shareholder(s) of the Company fall within the competence of the sole director, and in
case of plurality of directors, the board of directors.

15. Delegation of powers. The sole director and in case of plurality of directors, the board of directors of the Company

is authorised to appoint a person, either director or not, without the prior authorisation of the general meeting of the
shareholder(s) of the Company, for the purposes of performing specific functions at every level within the Company. The
board of directors may thus delegate its powers for the conduct of the daily management of the Company to one or
more directors, who will be called managing directors.

16. Binding signatures.
16.1. The Company shall be bound towards third parties by the single signature of its sole director or, in case of

plurality of directors, by the joint signature of any two directors of the Company in all matters, or the joint signatures
or single signature of any persons to whom such signatory power has been validly delegated in accordance with article
15 of these Articles.

16.2. Insofar as daily management is concerned, the Company shall be legally bound towards third parties by the sole

signature of any managing director of the Company.

17. Conflict of interests.
17.1. No contract or other transaction between the Company and any other company or firm shall be affected or

invalidated by the fact that any one or more of the directors or officers of the Company is interested in, or is a director,
associate, officer or employee of such other company or firm.

17.2. Any director or officer of the Company who serves as director, officer or employee of any company or firm with

which the Company shall contract or otherwise engage in business shall not, solely by reason of such affiliation with such
other company or firm, be prevented from considering and voting or acting upon any matters with respect to such
contract or other business.

17.3. In the event that any director of the Company may have any personal and opposite interest in any transaction

of the Company, such director shall make known to the board of directors of the Company such personal and opposite
interest and shall not consider or vote upon any such transaction, and such transaction, and such director’s interest
therein, shall be reported to the next following general meeting of the shareholder(s) of the Company which shall ratify
such transaction.

17.4. In case there is only one shareholder in the Company, article 17.3. does not apply and the transactions that are

entered into between the Company and the director having an opposite interest to the one of the Company are simply
to be recorded in minutes.

17.5. Articles 17.3. and 17.4. do not apply when the relevant transactions/operations are made in the normal course

of business of the Company and are entered into on arm’s length terms.

18. Statutory auditor.
18.1. The operations of the Company shall be supervised by one or several statutory auditor(s) (commissaire(s)). The

statutory auditor(s) shall be elected for a term not exceeding six years and shall be re-eligible.

18.2. The statutory auditor(s) will be appointed by the general meeting of shareholder(s) of the Company which will

determine their number, their remuneration and the term of their office. The statutory auditor(s) in office may be removed
at any time by the general meeting of shareholder(s) of the Company with or without cause.

19. Accounting year. The accounting year of the Company shall begin on the first July of each year and shall terminate

on the thirtieth of June of each year.

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20. Allocation of profits.
20.1. From the annual net profits of the Company, five per cent (5%) shall be allocated to the reserve required by the

Law. This allocation shall cease to be required as soon as such legal reserve amounts to ten per cent (10%) of the capital
of the Company as stated or as increased or reduced from time to time as provided in article 5 above.

20.2. The general meeting of shareholder(s) of the Company shall determine how the remainder of the annual net

profits shall be disposed of and it may alone decide to pay dividends from time to time, as in its discretion believes best
suits the corporate purpose and policy.

20.3. The dividends may be paid in euro or any other currency selected by the single director, or in case of plurality

of directors, the board of directors of the Company and they may be paid at such places and times as may be determined
by the single director, or in case of plurality of directors, the board of directors of the Company. The single director, or
in case of plurality of directors, the board of directors of the Company may decide to pay interim dividends under the
conditions and within the limits laid down in the Law.

21. Dissolution and liquidation. The Company may be dissolved, at any time, by a resolution of the general meeting of

shareholder(s) of the Company adopted in the manner required for amendment of the Articles. In the event the Company
is dissolved, the liquidation shall be carried out by one or several liquidators (who may be physical persons or legal entities)
named by the general meeting of the shareholder(s) of the Company deciding such liquidation. Such general meeting of
shareholder(s) of the Company shall also determine the powers and the remuneration of the liquidator(s).

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

Law.

Transitory provisions

The first financial year shall begin today and it shall end on the thirtieth of June 2014.
The first annual general meeting of the shareholders of the Company shall be held in the year 2014.

Subscription and payment

The shares in the Company have been subscribed as follows:

(1) Azeed Group Inc., prenamed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,600 shares;
(2) Uline Commercial Inc., prenamed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,300 shares;

(3) Ailita Systems Ltd., prenamed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3,100 shares;

Total: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,000 shares.

The shares have all been fully paid up by payment in cash, so that the amount of EUR 31,000 is as of now at the free

disposal of the Company, evidence of which has been given to the undersigned notary.

Estimate

The expenses, costs, fees and charges of any kind whatsoever which will have to be borne by the Company as a result

of its incorporation are estimated at approximately one thousand four hundred Euros (1,400.- EUR).

General meeting of shareholders

The appearing parties, representing the entire subscribed share capital and considering themselves as having been duly

convened, immediately proceeded to hold a general meeting of the shareholders of the Company.

Having first verified that it was regularly constituted, they have passed the following resolutions by unanimous vote:
(i) that the number of directors of the Company be set at three (3);
(ii) that the number of statutory auditors (commissaires aux comptes) of the Company be set at one (1);
(iii) that there be appointed as members of the board of directors of the Company for a period of three years:

(1) Azeed Group Inc., prenamed, which designates Igor Borovikov, business owner, born on October 30

, 1964, at

Shuya (Russia), residing at Apt. 162, 1/5, Rizhskiy proezd, Moscow (Russia) as his permanent representative;

(2) Uline Commercial Inc., prenamed, which designates Roman Agafonov, business owner, born on April 3

, 1976,

at Moscow (Russia), residing at 6, Kolomenskaya naberezhnaya ap.389 Moscow (Russia) as his permanent representative;
and

(3) Ailita Systems Ltd., prenamed, which designates Aleksey Ryzhkov, business owner, born on March 20

, 1982, at

Tula (Russia) residing at 1, Bolshaya Ochakovskaya Street Ap.63, Moscow (Russia) as his permanent representative;

(iv) that there be appointed as statutory auditor (commissaire aux comptes) of the Company for a period of six years:
Deloitte Audit, with registered office at 560, rue de Neudorf, L-2220 Luxembourg;
(v) that the address of the registered office of the Company is at 46a, Av. John F. Kennedy, L-1855 Luxembourg.

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Declaration

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

the present incorporation deed is worded in English, followed by a French version; at the request of the same appearing
parties, in case of discrepancies between the English and the French texts, the English version will prevail.

WHEREOF the present deed was drawn up in Luxembourg, on the day named at the beginning of this document. The

document having been read to the proxyholder of the persons appearing, said proxyholder signed together with the
notary the present deed.

Suit la traduction française du texte qui précède:

L’an deux mille quatorze, le vingt-et-unième jour du mois de février,
Pardevant Me Carlo Wersandt, notaire de résidence à Luxembourg, agissant en remplacement de Me Henri Hellinckx,

notaire de résidence à Luxembourg, Grand-Duché de Luxembourg,

ONT COMPARU:

- Azeed Group Inc., une société limitée par actions constituée en vertu de et appliquant les lois des Iles Vierges

britanniques, immatriculée auprès du Registre de l’Office des Sociétés des Iles Vierges britanniques sous le numéro
1661134 et ayant son siège social à Mandar House, 1

étage, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, Iles

Vierges britanniques;

ici représentée par Régis Galiotto, clerc de notaire, résidant professionnellement au 101 rue Cents, L-1319 Luxem-

bourg, Grand-Duché de Luxembourg, en vertu d’une procuration donnée le sous seing privé;

- Uline Commercial Inc., une société limitée par actions constituée en vertu de et appliquant les lois des Iles Vierges

britanniques, immatriculée auprès du Registre de l’Office des Sociétés des Iles Vierges britanniques sous le numéro
1585137 et ayant son siège social à Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, Iles Vierges
britanniques;

ici représentée par Régis Galiotto, clerc de notaire, résidant professionnellement au 101 rue Cents, L-1319 Luxem-

bourg, Grand-Duché de Luxembourg, en vertu d’une procuration donnée sous seing privé;

- Ailita Systems Ltd., une société limitée par actions constituée en vertu de et appliquant les lois des Iles Vierges

britanniques, immatriculée auprès du Registre de l’Office des Sociétés des Iles Vierges britanniques sous le numéro
1767188 et ayant son siège social à Mandar House, 1

étage, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, Iles

Vierges britanniques;

ici représentée par Régis Galiotto, clerc de notaire, résidant professionnellement au 101 rue Cents, L-1319 Luxem-

bourg, Grand-Duché de Luxembourg, en vertu d’une procuration donnée sous seing privé.

Lesdites procurations, après avoir été signées ne varietur par le mandataire des personnes comparantes et le notaire

instrumentant, resteront annexées aux présentes à des fins d’enregistrement. Les personnes comparantes ont requis le
notaire instrumentant d’arrêter les statuts d’une société qu’il déclare constituer comme suit:

1. Forme et dénomination. Il existe une société anonyme sous le nom de Daripod Holding S.A. (la «Société») qui est

régie par le droit du Grand-Duché de Luxembourg, en particulier par la loi du 10 août 1915 sur les sociétés commerciales,
telle que modifiée, (la «Loi») ainsi que par les présents statuts (les «Statuts»).

2. Siège social.
2.1. Le siège social de la Société est sis à Luxembourg, Grand-Duché du Luxembourg. Il pourra être transféré dans les

limites de la commune suite à une résolution de l’administrateur unique ou, en cas de pluralité d'administrateurs, du
conseil d'administration de la Société.

2.2. Des succursales, des filiales ou d'autres bureaux peuvent être établis au Grand-Duché du Luxembourg ou à

l’étranger, par résolution de l’administrateur unique ou, en cas de pluralité d'administrateurs, du conseil d'administration
de la Société. Si l’administrateur unique ou, en cas de pluralité d'administrateurs, le conseil d'administration de la Société
considère que des événements politiques ou militaires extraordinaires se sont produits ou qu'ils sont imminents et que
ceux-ci seraient de nature à perturber le cours normal des activités de la Société au sein même de son siège social, ou
de nature à rendre la communication entre ledit bureau et les personnes situées à l’étranger plus difficile, le siège social
pourra être temporairement transféré à l’étranger jusqu'à la cessation complète de ces circonstances extraordinaires.
De telles mesures temporaires n'auront aucun impact sur la nationalité de la Société qui, malgré le transfert provisoire
du siège social, demeurera une société de droit luxembourgeois.

3. Durée.
3.1. La Société est établie pour une période indéterminée.
3.2. La Société peut être dissoute, à tout moment, par une résolution de l’assemblée générale de l’actionnaire/des

actionnaires de la Société, prise de la manière requise pour la modification des Statuts.

3.3. La Société ne sera pas dissoute en cas de décès ou de dissolution de l’actionnaire unique.

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4. Objet social.
4.1. La Société a pour objet la prise de participations, tant au Luxembourg qu’à l’étranger, dans d’autres sociétés ou

entreprises sous quelque forme que ce soit et la gestion de ces participations. La Société pourra en particulier acquérir
par souscription, achat, et échange ou de toute autre manière tous titres, actions et autres valeurs de participation,
obligations, créances, certificats de dépôt et en général toutes valeurs ou instruments financiers émis par toute entité
publique ou privée, y compris des sociétés de personnes. Elle pourra participer dans la création, le développement, la
gestion et le contrôle de toute société ou entreprise. Elle pourra en outre investir dans l’acquisition et la gestion d’un
portefeuille de brevets ou d’autres droits de propriété intellectuelle de quelque nature ou origine que ce soit. Cela
comprend sans limiter la portée de cette provision:

- la prise de participation, par tous moyens, dans Dari Podarki, une société à responsabilité limitée constituée en vertu

des lois de la Fédération de Russie, immatriculée auprès du Registre d’Etat Unique des Personnes Morales sous le numéro
1117746218699, l’activité principale de celle-ci étant la distribution de certificats cadeaux soit sous format papier, cartes,
bons électroniques ou tout autre format dans la Fédération de Russie (Dari Podarki);

- la prise de participation, par tous moyens, dans toutes sociétés ou groupes, ayant un objectif similaire ou lié à l’objectif

de Dari Podarki; et

- un financement et une gestion à court, moyen et long terme des fonds des sociétés qu’elle contrôle ou qui se trouvent

sous le même contrôle, notamment en engageant des opérations de trésorerie, d’investissement et de couverture.

Pour réaliser cet objet, la Société peut recourir en tous lieux à tous actes ou opérations de quelque nature et impor-

tance qu’ils soient, et notamment par voie de création de nouvelles entités juridiques, à la souscription ou achat de titres
ou droits sociaux, l’acquisition, la fusion, tant que les actes et opérations contribuent ou peuvent contribuer à, facilitent
ou peuvent faciliter la mise en oeuvre des activités définies ci-dessus, ou tant qu’ils autorisent la sauvegarde directe ou
indirecte des intérêts commerciaux, industriels ou financiers de la Société, de ses filiales ou des sociétés avec lesquelles
elle entretient une relation d’affaires.

4.2. La Société pourra emprunter sous quelque forme que ce soit au Luxembourg et à l’étranger, en euros ou une

autre devise. Elle peut procéder à l’émission de parts et d’obligations et d’autres titres représentatifs d’emprunts et/ou
de créances. La Société pourra prêter des fonds au Luxembourg et à l’étranger, en euros ou une autre devise, y compris
ceux résultant des emprunts et/ou des émissions d’obligations, à ses filiales, sociétés affiliées ou à toute autre société. Elle
peut également consentir des garanties ou des sûretés au profit de tierces personnes afin de garantir ses obligations ou
les obligations de ses filiales, sociétés affiliées ou de toute autre société. La Société pourra en outre gager, nantir, céder,
grever de charges ou autrement hypothéquer toute ou partie de ses avoirs.

4.3. La Société peut, d’une manière générale, employer toutes techniques et instruments liés à des investissements en

vue d’une gestion efficace, y compris des techniques et instruments destinés à la protéger contre les risques liés aux
crédits ainsi qu’aux fluctuations de change, de taux d’intérêt et autres risques.

4.4. La Société pourra accomplir toutes opérations commerciales, financières ou industrielles ainsi que tous transferts

de propriété mobiliers ou immobiliers, qui directement ou indirectement favorisent la réalisation de son objet social ou
s’y rapportent de manière directe ou indirecte.

5. Capital social.
5.1. Le capital social souscrit de la Société est fixé à trente-et-un mille euros (EUR 31.000) représenté par trente-et-

un mille (31.000) actions ayant une valeur nominale de un euro (EUR 1) chacune, toutes souscrites et entièrement libérées.

5.2. Le capital social souscrit de la Société peut être augmenté ou réduit par décision de l’assemblée générale de

l’actionnaire/des actionnaires de la Société adoptée comme en matière de modification des Statuts.

6. Actions.
6.1. Les actions sont nominatives ou au porteur, au gré de l’actionnaire/des actionnaires.
6.2. En ce qui concerne les actions nominatives, un registre des actionnaires de la Société sera tenu au siège social de

la Société, où il pourra être examiné par chaque actionnaire. Le registre contiendra le nom de chaque actionnaire, son
lieu de résidence ou domicile élu, le nombre d’actions détenues par lui, les paiements effectués pour chaque action et
tous transferts d’actions et les dates respectives de ces transferts. La propriété des actions nominatives sera établie par
l’inscription au registre des actionnaires de la Société.

6.3. La Société peut acquérir ses propres actions conformément aux limites prévues par la Loi.

7. Cession des actions. La cession d’actions s’effectue par une déclaration écrite de cession inscrite au registre des

actionnaires de la Société et est signée par le cédant et le cessionnaire ou par toute personne les représentant au moyen
de procurations valables. La Société peut accepter comme preuve de la cession tout document qu’elle jugera approprié.

8. Assemblées des actionnaires.
8.1. L’actionnaire unique assume tous les pouvoirs conférés à l’assemblée générale des actionnaires par la Loi. Les

décisions de l’actionnaire unique sont consignées dans des procès-verbaux ou prises par écrit.

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8.2. En cas de pluralité d’actionnaires, toute assemblée des actionnaires de la Société régulièrement constituée repré-

sente l’ensemble des actionnaires de la Société. Elle aura les pouvoirs les plus larges pour ordonner, exécuter ou ratifier
tous les actes relatifs aux opérations de la Société.

8.3. L’assemblée générale annuelle de l’actionnaire/des actionnaires de la Société se réunit, conformément à la Loi, à

l’adresse du siège social de la Société à Luxembourg ou à tout autre endroit dans la commune du siège social tel que cela
peut être spécifié dans la convocation de l’assemblée, le troisième lundi du mois d’octobre de chaque année à 11.00
heures. Si ce jour n’est pas un jour ouvrable bancaire à Luxembourg, l’assemblée générale annuelle se réunit le premier
jour ouvrable qui suit.

8.4. L’assemblée générale annuelle de l’actionnaire/des actionnaires de la Société peut être tenue à l’étranger si l’ad-

ministrateur unique ou, en cas de pluralité d’administrateurs le conseil d’administration de la Société, constate souverai-
nement que des circonstances exceptionnelles le requièrent.

8.5. Les autres assemblées de l’actionnaire/des actionnaires de la Société sont tenues aux lieux et places spécifiés dans

les convocations respectives de chaque assemblée.

9. Convocation - Quorum - Procurations - Avis de convocation.
9.1. Les conditions posées par la loi en matière de délai de convocation et de quorum régiront les convocations et la

tenue des assemblées des actionnaires de la Société, sauf disposition contraire des Statuts.

9.2. Chaque action donne droit à une voix.
9.3. A moins que la Loi ou les Statuts n’en disposent autrement, les résolutions des assemblées des actionnaires de la

Société dûment convoquées seront valablement prises à la majorité simple des actionnaires présents ou représentés et
participant au vote.

9.4. Une assemblée générale extraordinaire convoquée pour la modification des Statuts ne pourra valablement déli-

bérer que si au moins la moitié du capital est représentée et que l’ordre du jour indique les propositions de modification
des Statuts.

9.5. Si la première de ces conditions n’est pas remplie, une seconde assemblée est convoquée, de la manière prévue

par les Statuts, par des avis publiés deux fois dans le Mémorial et dans deux journaux luxembourgeois, à quinze jours
d’intervalle au moins et quinze jours avant l’assemblée. L’avis de convocation reprend l’ordre du jour et indique la date
et l’issue de l’assemblée précédente. La seconde assemblée pourra valablement délibérer quelque soit la proportion du
capital représenté. Au cours de chaque assemblée, les résolutions ne peuvent être prises que par une majorité repré-
sentant les deux tiers des actionnaires présents ou représentés.

9.6. Cependant, la nationalité de la Société peut être modifiée et l’engagement de ses actionnaires peut être augmenté

uniquement avec l’accord unanime des actionnaires et obligataires de la Société.

9.7. Tout actionnaire pourra se faire représenter à toute assemblée des actionnaires de la Société en désignant une

autre personne comme son mandataire par écrit, que ce soit par remise d’une procuration originale ou par télécopie ou
câble.

9.8. Tout actionnaire peut participer à une assemblée des actionnaires de la Société par conférence téléphonique ou

par tout autre moyen de communication similaire, ayant pour effet que toutes les personnes participant à la réunion
peuvent s’entendre, se parler et délibérer valablement. Une telle participation sera assimilée à une présence physique.

9.9. Si tous les actionnaires de la Société sont présents ou représentés à une assemblée des actionnaires de la Société

et considèrent avoir été valablement convoqués et informés de l’ordre du jour de l’assemblée, celle-ci pourra être tenue
sans avis de convocation préalable.

10. Administration.
10.1. La Société peut être administrée par un administrateur unique quand la Société n’a qu’un seul actionnaire et doit

être administrée par un conseil d’administration composé d’au moins trois membres dans tous les autres cas. L’adminis-
trateur unique ou les membres du conseil d’administration n’ont pas besoin d’être actionnaires de la Société. Les
administrateurs seront nommés pour un mandat de six ans maximum et seront rééligibles. Chaque fois qu’une personne
morale est nommée aux fonctions d’administrateur de la Société (la «Personne Morale»), la Personne Morale est tenue
de nommer un représentant permanent en vue d’exercer son mandat d’administrateur en son nom et pour son propre
compte (le «Représentant»). Le Représentant est soumis aux mêmes conditions et encourt la même responsabilité que
s’il exerçait le mandat d’administrateur en son nom propre, sans préjudice de la responsabilité solidaire de la Personne
Morale qu’il représente. La Personne Morale ne peut révoquer son Représentant qu’en désignant simultanément son
successeur.

10.2. L’administrateur unique, et en cas de pluralité d’administrateurs, les membres du conseil d’administration sera/

seront nommé(s) par l’(les) actionnaire(s) de la Société à l’assemblée générale. L’(les) actionnaire(s) de la Société déter-
mine(nt) également le nombre d’administrateurs, leur rémunération et la durée de leur mandat. Un administrateur peut
être révoqué ou remplacé avec ou sans motif valable, à tout moment, par une résolution adoptée par l’assemblée générale
de(s) l’actionnaire(s) de la Société.

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10.3. En cas de vacance d’un poste d’administrateur suite au décès, à la démission ou autrement de celui-ci, les admi-

nistrateurs restants peuvent élire à la majorité un administrateur pour pourvoir au remplacement du poste vacant jusqu’à
la prochaine assemblée générale de l’actionnaire/des actionnaires de la Société.

11. Réunions du conseil d’administration.
11.1. En cas de pluralité d’administrateurs, le conseil d’administration de la Société nomme parmi ses membres un

président et peut nommer un secrétaire, administrateur ou non, responsable de la tenue des procès-verbaux des réunions
du conseil d’administration de la Société et des assemblées générales de l’actionnaire/des actionnaires de la Société.

11.2. Le conseil d’administration de la Société est convoqué par le président ou par deux administrateurs, au lieu

indiqué dans la lettre de convocation, qui sera, en principe, à Luxembourg.

11.3. La lettre de convocation pour toute réunion du conseil d’administration de la Société est donnée à l’ensemble

des administrateurs au moins 24 (vingt-quatre) heures avant la date prévue pour la réunion, sauf en cas d’urgence, auquel
cas la nature de ces circonstances est spécifiée brièvement dans la lettre de convocation de la réunion du conseil d’ad-
ministration de la Société.

11.4. Une lettre de convocation n’est pas requise si tous les membres du conseil d’administration de la Société sont

présents ou représentés au cours de la réunion et s’ils déclarent avoir été valablement informés et avoir connaissance
de l’ordre du jour de la réunion. Avec l’accord de chacun des membres du conseil d’administration de la Société, il peut
être renoncé à la procédure de convocation par écrit soit en original, soit par télécopie ou câble. Une convocation écrite
séparée ne sera pas requise pour les assemblées tenues aux dates et lieux approuvés dans une résolution du conseil
d’administration de la Société précédemment adoptée.

11.5. Tout membre du conseil d’administration de la Société peut assister à une réunion du conseil d’administration

de la Société en nommant par écrit soit en original, soit par télécopie ou câble, un autre administrateur comme son
mandataire.

11.6. Tout administrateur peut participer à une réunion du conseil d’administration de la Société par conférence

téléphonique ou par tout autre moyen de communication similaire, ayant pour effet que toutes les personnes participant
à la réunion peuvent s’entendre, se parler et délibérer dûment. Une telle participation sera assimilée à une présence
physique.

11.7. Le conseil d’administration de la Société ne peut délibérer et/ou agir valablement que si la majorité au moins des

administrateurs de la Société est présente ou représentée à une assemblée du conseil d’administration de la Société. Les
décisions sont prises à la majorité des voix des administrateurs présents ou représentés à la réunion. En cas d’égalité des
votes, le président de l’assemblée aura la voix prépondérante.

11.8. Les résolutions signées par tous les administrateurs sont valides et exécutoires de la même manière que si elles

avaient été adoptées lors d’une assemblée dûment convoquée et tenue. Ces signatures peuvent apparaître sur un docu-
ment unique ou sur plusieurs copies d’une résolution identique et peuvent être attestées par lettre, télécopie ou télex.

12. Procès-verbaux des réunions du conseil d’administration.
12.1. Les procès-verbaux de chaque réunion du conseil d’administration de la Société seront signés par le président

du conseil d’administration de la Société présidant la réunion ou par deux administrateurs de la Société.

12.2. Les copies ou extraits de ces procès-verbaux destinés à servir en justice ou ailleurs seront signés par le secrétaire

(le cas échéant) ou par un administrateur de la Société.

13. Décisions de l’administrateur unique. Les décisions de l’administrateur unique de la Société sont prises par écrit.

14. Pouvoirs de l’administrateur unique ou du conseil d’administration. L’administrateur unique et, en cas de pluralité

d’administrateurs, le conseil d’administration de la Société est investi des pouvoirs les plus larges afin d’accomplir tous
les actes de disposition et d’administration dans l’intérêt de la Société. Tous les pouvoirs non expressément réservés par
la Loi ou par les Statuts à l’assemblée générale de l’actionnaire/des actionnaires de la Société sont de la compétence de
l’administrateur unique et, en cas de pluralité d’administrateurs, du conseil d’administration.

15. Délégation de pouvoirs. L’administrateur unique, et en cas de pluralité d’administrateurs, le conseil d’administration

de la Société est autorisé à nommer une personne, administrateur ou non, sans l’autorisation préalable de l’assemblée
générale de l’actionnaire/des actionnaires de la Société, pour l’exécution de missions spécifiques à tous les niveaux de la
Société. Le conseil d'administration peut ainsi déléguer la gestion journalière de la Société à un ou plusieurs administrateurs
qui prendront la dénomination d'administrateurs-délégués.

16. Représentation.
16.1 La Société sera engagée, vis-à-vis des tiers, dans tous les actes par la signature individuelle de son administrateur

unique ou, en cas de pluralité d’administrateurs, par la signature conjointe de deux administrateurs de la Société dans
tous les cas, ou la signature conjointe ou la signature individuelle de toutes personnes auxquelles un pouvoir de signature
a été délégué conformément à l’article 15 des présents Statuts.

16.2 Dans le cadre de la gestion journalière, la Société est juridiquement engagée envers les tiers par la signature

individuelle d’un administrateur-délégué de la Société.

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17. Conflit d’intérêts.
17.1 Aucun contrat ou aucune transaction entre la Société et une autre société ou entreprise ne sera affecté ou invalidé

du fait qu’un ou plusieurs administrateurs ou dirigeants de la Société y a un intérêt ou est un administrateur, un dirigeant
ou un employé de telle autre société ou entreprise.

17.2 Tout administrateur ou dirigeant de la Société remplissant les fonctions d’administrateur ou étant employé dans

une société ou entreprise avec laquelle la Société doit conclure un contrat ou entrer en relation d’affaires, considérera,
prendra part au vote et agira par rapport à toutes questions relatives à tel contrat ou telle transaction, indépendamment
de son appartenance à telle autre société ou entreprise.

17.3 Au cas où un administrateur de la Société a un intérêt personnel dans, ou contraire à toute transaction de la

Société, celui-ci en informera le conseil d’administration de la Société et ne considérera ni ne votera à l’égard de cette
transaction. Cette transaction et l’intérêt d’un administrateur relatif à cette transaction seront reportés à la prochaine
assemblée générale de l’actionnaire/des actionnaires de la Société qui ratifiera ladite transaction.

17.4 Lorsque la Société comprend un actionnaire unique, l’article 17.3. n’est pas applicable et il est seulement fait

mention dans un procès-verbal des opérations intervenues entre la Société et son administrateur ayant un intérêt opposé
à celui de la Société.

17.5 Les articles 17.3. et 17.4. ne sont pas applicables lorsque des décisions du conseil d’administration ou de l’admi-

nistrateur concernent des opérations courantes et conclues dans des conditions normales.

18. Commissaire.
18.1 Les opérations de la Société seront surveillées par un ou plusieurs commissaire(s). Le(s) commissaire(s) est/sont

nommé(s) pour un terme n’excédant pas six ans et sera/seront rééligible(s).

18.2 Le(s) commissaire(s) est/sont nommé(s) par l’assemblée générale de l’actionnaire/des actionnaires de la Société

qui détermine leur nombre, leur rémunération et la durée de leur mandat. Le(s) commissaire(s) en fonction peut/peuvent
être révoqué(s) à tout moment et de manière discrétionnaire par l’assemblée générale de l’actionnaire/des actionnaires
de la Société.

19. Exercice social. L’exercice social de la Société commencera le 1

juillet de chaque année et se terminera le 30

juin de chaque année.

20. Affectation des bénéfices.
20.1 Il sera prélevé sur le bénéfice net annuel de la Société cinq pour cent (5%) qui seront affectés à la réserve légale.

Ce prélèvement cessera d’être obligatoire lorsque la réserve légale aura atteint dix pour cent (10%) du capital social de
la Société tel qu’il est fixé ou tel que celui-ci aura été augmenté ou réduit de temps à autre conformément à l’article 5
des Statuts.

20.2 L’assemblée générale de l’actionnaire/des actionnaires de la Société décidera de l’affectation du solde restant du

bénéfice net annuel qui sera distribué et elle peut décider seule de payer des dividendes de temps à autre, si elle juge que
cela convient au mieux à l’objet et à la politique de la Société.

20.3 Les dividendes sont payés en euros ou dans toute autre devise déterminée par l’administrateur unique, et en cas

de pluralité d’administrateurs, le conseil d’administration de la Société, et sont payés aux lieux et dates déterminés par
l’administrateur unique, et en cas de pluralité d’administrateurs, le conseil d’administration de la Société. L’administrateur
unique, et en cas de pluralité d’administrateurs, le conseil d’administration de la Société peut décider de payer des divi-
dendes intérimaires sous les conditions et dans les limites fixées par la Loi.

21. Dissolution et liquidation. La Société peut être en tout temps dissoute par une décision de l’assemblée générale

de l’actionnaire/des actionnaires de la Société adoptée de la manière requise pour la modification des Statuts. En cas de
dissolution de la Société, il sera procédé à la liquidation par les soins d’un ou de plusieurs liquidateurs (personne physique
ou morale) nommé(s) par l’assemblée générale de l’actionnaire/des actionnaires de la Société qui aura décidé de dissoudre
la Société. Cette assemblée générale de l’actionnaire/des actionnaires de la Société déterminera aussi les pouvoirs et la
rémunération du ou des liquidateurs.

22. Droit applicable. Toutes les questions qui ne sont pas régies expressément par les présents Statuts seront déter-

minées conformément à la Loi.

Dispositions transitoires

Le premier exercice social commence aujourd’hui et se terminera le 30 juin 2014.
La première assemblée générale annuelle des actionnaires de la Société sera tenue dans l’année 2014.

Souscription - Paiement

Les actions de la Société ont été souscrites comme suit:

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1) Azeed Group Inc., précitée . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.600 actions;
2) Uline Commercial Inc., précitée . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9.300 actions;

3) Ailita Systems Ltd., précitée . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.100 actions;

Total: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.000 actions

Les actions ont été entièrement payées par un apport en numéraire, de telle sorte que le montant d’EUR 31.000.- est

désormais à la libre disposition de la Société, la preuve en ayant été donnée au notaire instrumentant.

Evaluation

Le montant des frais, dépenses, rémunérations et charges, sous quelque forme que ce soit, qui incombent à la Société

ou qui sont mis à sa charge à raison de sa constitution sont estimés à environ mille quatre cents Euros (1.400.- EUR).

Assemblée générale des actionnaires

Les parties comparantes, représentant l’intégralité du capital social souscrit, se sont constituées en assemblée générale

des actionnaires de la Société à laquelle elles se reconnaissent dûment convoquées.

Après avoir constaté que celle-ci est régulièrement constituée, elles ont pris à l’unanimité les résolutions suivantes:
(i) le nombre d’administrateurs de la Société est fixé à trois (3);
(ii) le nombre des commissaires aux comptes de la Société est fixé à un (1);
(iii) sont nommés administrateurs de la Société pour une période de trois ans:
(1) Azeed Group Inc., précitée, qui désigne Igor Borovikov, propriétaire d’entreprise, né le 30 octobre 1964, à Shuya

(Russie), demeurant à Apt. 162, 1/5, Rizhskiy proezd, Moscou (Russie) en tant que représentant permanent;

(2) Uline Commercial Inc., précitée, qui désigne Roman Agafonov, propriétaire d’entreprise, né le 3 avril 1976, à

Moscou (Russie), demeurant à 6, Kolomenskaya naberezhnaya ap.389 Moscou (Russie) en tant que représentant perma-
nent; et

(3) Ailita Systems Ltd., précitée, qui désigne Aleksey Ryzhkov, propriétaire d’entreprise, né le 20 mars 1982, à Tula

(Russie) demeurant à 1, Bolshaya Ochakovskaya Street Ap.63, Moscou (Russie) en tant que représentant permanent.

(iv) est nommée commissaire aux comptes de la Société pour une période de six ans:
Deloitte Audit, avec siège social à 560, rue de Neudorf, L-2220 Luxembourg.
(v) le siège social de la Société est fixé à 46a, Av. John F. Kennedy, L-1855 Luxembourg.

Déclaration

Le notaire instrumentant, qui comprend et parle l’anglais, constate que sur demande des parties comparantes, le

présent acte de constitution est rédigé en langue anglaise suivi d’une version française; sur demande desdites parties
comparantes et en cas de divergences entre le texte français et le texte anglais, ce dernier fait foi.

DONT ACTE, fait et passé à Luxembourg, à la date qui figure en tête des présentes.
Et après lecture faite et interprétation donnée au mandataire des comparantes, ledit mandataire a signé le présent acte

avec le notaire.

Signé: R. GALIOTTO et C. WERSANDT.
Enregistré à Luxembourg A.C., le 27 février 2014. Relation: LAC/2014/9130. Reçu soixante-quinze euros (75.- EUR).

Le Receveur (signé): I. THILL.

- POUR EXPEDITION CONFORME - délivrée à la société sur demande.

Luxembourg, le 6 mars 2014.

Référence de publication: 2014035269/601.
(140040082) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 mars 2014.

Aventics Holding S.à r.l., Société à responsabilité limitée,

(anc. Rice BidCo S.à r.l.).

Siège social: L-2540 Luxembourg, 26-28, rue Edward Steichen.

R.C.S. Luxembourg B 180.101.

In the year two thousand and fourteen, on the third day of March,
Before us Maître Marc Loesch, notary, residing in Mondorf-les-Bains, Grand Duchy of Luxembourg,

there appeared:

Rice MidCo S.à r.l., a société à responsabilité limitée governed by the laws of Luxembourg, with registered office at

26-28 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, with a share capital of thirteen thousand
five hundred euro (EUR 13,500.-) and registered with the Register of Commerce and Companies of Luxembourg under
number B 180.096 (the “Shareholder”),

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U X E M B O U R G

hereby represented by Maître Paul Lanois, lawyer, residing in Luxembourg,
by virtue of a proxy under private seal given on February 27, 2014.
The said proxy shall be annexed to the present deed.
I. The Shareholder has requested the undersigned notary to record that the Shareholder is the sole shareholder of

Rice BidCo S.à r.l., a société à responsabilité limitée governed by the laws of Luxembourg, with registered office at 26-28
rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, with a share capital of twelve thousand five
hundred euro and one cent (EUR 12,500.01) and registered with the Register of Commerce and Companies of Luxem-
bourg under number B 180.101 (the "Company"), following a deed from the undersigned notary dated 10 September
2013, published in the Mémorial C, Recueil des Sociétés et Associations dated 25 October 2013 under number 2674.
The articles of incorporation of the Company have been amended pursuant to one deed of the undersigned notary dated
27 February 2014, not yet published in the Mémorial C, Recueil des Sociétés et Associations.

II. The Shareholder recognised to be fully informed of the resolutions to be taken on the basis of the following agenda,

which is known to the Shareholder:

Agenda

1. To change the name of the Company to “Aventics Holding S.à r.l.”;
2. To subsequently amend the third paragraph of article 1 of the articles of association of the Company in order to

reflect the amendment under item 1. above; and

3. Miscellaneous.
III. The Shareholder passed the following resolutions:

First resolution

The Shareholder resolves to approve the contemplated change of the Company's name from “Rice BidCo S.à r.l.” to

“Aventics Holding S.à r.l.”.

Second resolution

The Shareholder resolves to amend the 3

paragraph of article 1 of the articles of association of the Company in

order to reflect the first resolution above, so that it shall henceforth read as follows:

“The Company will exist under the name of "Aventics Holding S.à r.l.".

Expenses

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

are estimated at one thousand euro (EUR 1,000.-).

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

the above appearing party, the present deed is worded in English followed by a French version; on request of the same
person and in case of divergences between the English and the French texts, the English text will prevail.

Whereupon the present deed was drawn up in Luxembourg, on the day referred to at the beginning of this document.
The document having been read to the proxyholder of the the above appearing party, who is known to the undersigned

notary by his surname, first name, civil status and residence, such proxyholder signed together with the undersigned
notary, this original deed.

Suit la traduction française du texte qui précède:

L'an deux mille quatorze, le trois mars,
par devant Maître Marc Loesch, notaire de résidence à Mondorf-les-Bains, Grand-Duché de Luxembourg,

a comparu:

Rice MidCo S.à r.l., une société à responsabilité limitée régie par les lois du Grand-Duché de Luxembourg, ayant un

capital social de treize mille cinq cent euros (EUR 13,500), avec siège social au 26-28, rue Edward Steichen, L-2540
Luxembourg, Grand-Duché de Luxembourg et immatriculé au Registre du Commerce et des Sociétés de Luxembourg
sous le numéro B 180.096 (l’ «Associé»),

représentée aux fins des présentes par Maître Paul Lanois, avocat, demeurant à Luxembourg,
aux termes d'une procuration sous seing privé donnée le 27 février 2014.
La prédite procuration restera annexée aux présentes.
I. L'Associé a requis le notaire soussigné d'acter que l’Associé est le seul et unique associé de Rice BidCo S.à r.l., une

société à responsabilité limitée régie par le droit luxembourgeois, ayant son siège social au 26-28, rue Edward Steichen,
L-2540 Luxembourg, Grand-Duché de Luxembourg, avec un capital social de douze mille cinq cents euros et un centime
(EUR 12.500,01) et immatriculée au Registre du Commerce et des Sociétés de Luxembourg sous le numéro B 180.101
(la «Société»), constituée par acte notarié du 10 septembre 2013, publié au Mémorial C, Recueil des Sociétés et Asso-

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U X E M B O U R G

ciations du 25 octobre 2013 sous le numéro 2674. Les statuts de la Société ont été modifiés par un acte reçu par le
notaire soussigné en date du 27 février 2014, en cours de publication au Mémorial C, Recueil des Sociétés et Associations.

II. L'Associé reconnaît être parfaitement au courant des décisions à intervenir sur base de l’ordre du jour suivant,

lequel est connu de l’Associé:

Ordre du jour

1. Changement du nom de la Société en «Aventics Holding S.à r.l.»;
2. Modification subséquente du paragraphe 3 de l’article 1 des statuts en vue de refléter les modifications sous le point

1. ci-dessus; et

3. Divers.
III. L'Associé a adopté les résolutions suivantes:

Première résolution

L'Associé décide de changer le nom de la Société de «Rice BidCo S.à r.l.» à «Aventics Holding S.à r.l.».

Deuxième résolution

L'Associé décide de modifier le 3

paragraphe de l’article 1 des Statuts en vue de refléter la première résolution ci-

dessus, de sorte qu'il aura désormais la teneur suivante:

“La Société adopte la dénomination «Aventics Holding S.à r.l.»."

Frais

Les frais, dépenses, honoraires et charges de toute nature payable par la Société en raison du présent acte sont évalués

à mille euros (EUR 1.000,-).

Le notaire instrumentant, qui connaît la langue anglaise, déclare par la présente qu'à la demande du mandataire de la

comparante ci-avant, le présent acte est rédigé en langue anglaise suivi d'une version française; à la demande au même
mandataire, et en cas de divergences entre le texte anglais et le texte français, la version anglaise prévaudra.

Dont acte, fait et passé à Luxembourg, date qu'en tête des présentes.
Lecture du présent acte faite et interprétation donnée au mandataire de la comparante ci-avant, connu du notaire

instrumentaire par ses nom, prénom usuel, état et demeure, il a signé avec Nous notaire le présent acte.

Signé: P. Lanois, M. Loesch.
Enregistré à Remich, le 06 mars 2014. REM/2014/543. Reçu soixante-quinze euros 75,00 €.

Le Receveur

(signé): P. MOLLING.

Pour expédition conforme.

Mondorf-les-Bains, le 6 mars 2014.

Référence de publication: 2014035553/97.
(140040031) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 mars 2014.

Eperlan Participations S.A., Société Anonyme.

Siège social: L-1724 Luxembourg, 15, boulevard du Prince Henri.

R.C.S. Luxembourg B 96.316.

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 11 mars 2014.

Référence de publication: 2014036377/10.
(140041383) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 mars 2014.

Epos Invest S.A., Société Anonyme.

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

R.C.S. Luxembourg B 87.222.

Les comptes annuels au 31/12/2013 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.

EPOS INVEST S.A.

Référence de publication: 2014036378/10.
(140041687) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 mars 2014.

Editeur:

Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg

Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck

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Document Outline

7Miglia S.A.

Alatus UCITS

Allegro Group S.à r.l.

Arta Grafica Luxe

Aventics Holding S.à r.l.

Capital International Management Company

Castelerand Finance S.A.

Consultim Investissements S.A.

CoreCommodity Strategy Fund

Daripod Holding S.A.

Energy Asset Management S.à r.l.

Eperlan Participations S.A.

Epos Invest S.A.

Etive Investments S.A.

Europe 27 S.A.

Eye Shelter S.A.

Guardian Eastern Europe Investments S.à r.l.

Interteil Investissements S.A.

J. & M. S.A.

L.T.T. Holding S.A.

M 4

Marc Blondeau (Luxembourg) S.A.

Nord-Finance

Ossiam Lux

Poppediño S.A.

Poseidon S.A.

Prognosia Fund S.A., SICAV

Ragtime Investissements S.A.

Randeor Holding S.A.

Rice BidCo S.à r.l.

Road and Fast Holding S.A.

RO Investments S.A.

Selmira S.A.

"SFP", SICAV

Solutions 30 SE

Sorephar S.A.

Sorum Strategies S.A.

Strategie Pro Rendite SICAV-FIS

TAMAC Global Managers (Lux)

Touchstone Holding S.A.

VIG Finance S.à r.l.

Zurich Real Estate S.A.