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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° 2653

octobre 2014

SOMMAIRE

Allianz BRIC Stars . . . . . . . . . . . . . . . . . . . . .

127303

Allianz FinanzPlan 2015 . . . . . . . . . . . . . . . . .

127306

Allianz FinanzPlan 2020 . . . . . . . . . . . . . . . . .

127306

Allianz FinanzPlan 2025 . . . . . . . . . . . . . . . . .

127306

Allianz FinanzPlan 2030 . . . . . . . . . . . . . . . . .

127306

Allianz FinanzPlan 2035 . . . . . . . . . . . . . . . . .

127305

Allianz FinanzPlan 2040 . . . . . . . . . . . . . . . . .

127305

Allianz FinanzPlan 2045 . . . . . . . . . . . . . . . . .

127304

Allianz FinanzPlan 2050 . . . . . . . . . . . . . . . . .

127304

Allianz FinanzPlan 2055 . . . . . . . . . . . . . . . . .

127304

Allianz Global Investors Fund III . . . . . . . . .

127303

Allianz Global Investors Luxembourg S.A.

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

127298

Allianz Global Strategy Dynamic . . . . . . . .

127303

Allianz High Yield Bond Extra 2017 . . . . . .

127307

Allianz Multi Asia Active . . . . . . . . . . . . . . . .

127307

Allianz Rendite Plus 2015 . . . . . . . . . . . . . . .

127302

Allianz Rendite Plus 2017 . . . . . . . . . . . . . . .

127307

Anchor Holdings SCA . . . . . . . . . . . . . . . . . .

127306

Apharma Luxco . . . . . . . . . . . . . . . . . . . . . . . .

127308

Avery Dennison Finance Luxembourg

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

127302

Barclays Luxembourg Holdings S.à r.l. . . .

127307

BERENBERG USD Opticash (FIS) . . . . . . .

127304

Best-in-One . . . . . . . . . . . . . . . . . . . . . . . . . . . .

127305

BNP Paribas Quam Fund . . . . . . . . . . . . . . .

127298

CB Fonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

127299

Central American Timber Fund FCP-SIF

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

127298

CFLJ S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

127299

Chaplin S.à.r.l. . . . . . . . . . . . . . . . . . . . . . . . . .

127343

Commerz Funds Solutions S.A. . . . . . . . . .

127302

Crocodile Capital . . . . . . . . . . . . . . . . . . . . . .

127305

Dynamic Vario Protect . . . . . . . . . . . . . . . . .

127307

Eurofin International Holding S.A. . . . . . . .

127344

Finexis S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

127344

First State European Diversified Infra-

structure Fund FCP SIF . . . . . . . . . . . . . . .

127303

Generali Diversification . . . . . . . . . . . . . . . . .

127299

GP & G Fund . . . . . . . . . . . . . . . . . . . . . . . . . .

127299

Han Lux S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

127301

Interstock Investments S.à r.l. . . . . . . . . . . .

127305

Kayton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

127308

KCH Even Hamburg S.à r.l. . . . . . . . . . . . . .

127308

KCH Even Markt S.à r.l. . . . . . . . . . . . . . . . .

127335

Köln, Breite Straße 103-105 Beteiligung A

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

127335

Lux JV Treasury Holding Company S.à r.l.

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

127304

Muha LuxCo S.à r.l. . . . . . . . . . . . . . . . . . . . .

127335

Nikko Skill Investments Trust (Lux) . . . . .

127300

OLB-FondsConceptPlus Chance . . . . . . . . .

127302

OLB-FondsConceptPlus Ertrag . . . . . . . . . .

127302

OLB-FondsConceptPlus Wachstum . . . . .

127298

PremiumMandat Balance . . . . . . . . . . . . . . .

127303

PremiumMandat Defensiv . . . . . . . . . . . . . .

127301

PremiumMandat Dynamik . . . . . . . . . . . . . .

127301

PremiumMandat Dynamik Plus . . . . . . . . .

127301

SPI Bangladesh Fund . . . . . . . . . . . . . . . . . . .

127300

VermögensManagement Balance . . . . . . . .

127301

VermögensManagement Chance . . . . . . . .

127300

VermögensManagement Substanz . . . . . . .

127300

VermögensManagement Wachstum . . . . .

127300

VermögensManagement Wachstumslän-

der Balance . . . . . . . . . . . . . . . . . . . . . . . . . . .

127299

Victory European Real Estate Fund I FCP-

SIF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

127298

Wolmirstedt . . . . . . . . . . . . . . . . . . . . . . . . . . .

127336

127297

U X E M B O U R G

BNP Paribas Quam Fund, Fonds Commun de Placement.

EXTRAIT

Le Règlement de Gestion du Fonds Commun de Placement «BNP PARIBAS QUAM FUND» signé le 31 décembre

2013 et entrant en vigueur le 1

janvier 2014 a été déposé au registre de commerce et des sociétés de Luxembourg.

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

Luxembourg, le 11 février 2014.

Pour BNP Paribas Investment Partners Luxembourg

Référence de publication: 2014023189/11.
(140027767) Déposé au registre de commerce et des sociétés de Luxembourg, le 13 février 2014.

Victory European Real Estate Fund I FCP-SIF, Fonds Commun de Placement.

Le règlement de gestion modifié de Victory European Real Estate Fund 1, fonds commun de placement du 10 février

2014 a été déposé au registre de commerce et des sociétés de Luxembourg.

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

Luxembourg, le 14 février 2014.

VEREF 1 MANAGEMENT S.à r.l.

Référence de publication: 2014024321/10.
(140028926) Déposé au registre de commerce et des sociétés de Luxembourg, le 14 février 2014.

OLB-FondsConceptPlus Wachstum, Fonds Commun de Placement.

Das Verwaltungsreglement des OLB-FondsConceptPlus Wachstum wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027577/10.
(140033434) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Central American Timber Fund FCP-SIF, Fonds Commun de Placement - Fonds d'Investissement Spé-

cialisé.

Le règlement de gestion modifié de Central American Timber Fund FCP-SIF a été déposé au registre de commerce

et des sociétés de Luxembourg.

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

Luxembourg, le 17 février 2014.

Baum Management S.à r.l.

Référence de publication: 2014024489/11.
(140030128) Déposé au registre de commerce et des sociétés de Luxembourg, le 17 février 2014.

Allianz Global Investors Luxembourg S.A., Société Anonyme.

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

R.C.S. Luxembourg B 27.856.

Das Verwaltungsreglement des Allianz Euro Protect Dynamic Plus wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027584/12.
(140033882) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

127298

U X E M B O U R G

Generali Diversification, Fonds Commun de Placement.

Le règlement de gestion de GENERALI DIVERSIFICATION modifié au 11 février 2014 a été déposé au registre de

commerce et des sociétés de Luxembourg.

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

GENERALI FUND MANAGEMENT S.A.
Signature

Référence de publication: 2014024385/10.
(140028945) Déposé au registre de commerce et des sociétés de Luxembourg, le 14 février 2014.

GP & G Fund, Fonds Commun de Placement.

Le règlement de gestion de GP & G FUND modifié au 13 février 2014 a été déposé au registre de commerce et des

sociétés de Luxembourg.

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

GENERALI FUND MANAGEMENT S.A.
Signature

Référence de publication: 2014025319/10.
(140030745) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 février 2014.

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

R.C.S. Luxembourg B 110.083.

Conformément à l'article 3 de la loi du 31 mai 1999 régissant la domiciliation des sociétés, telle que modifiée, l’étude

Chevalier & Sciales (le «Domiciliataire») dénonce, avec effet immédiat, le contrat de domiciliation conclu le 18 janvier
2013 entre le Domiciliataire et la société CFLJ S.à r.l. (la «Société»), enregistrée au Registre de Commerce et des Sociétés
sous le numéro B 110.083.

Par conséquent, le Domiciliataire dénonce avec effet immédiat le siège de la Société sis 51, Route de Thionville, L-2611

Luxembourg, Grand Duché de Luxembourg.

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

Luxembourg, le 7 février 2014.

Chevalier & Sciales

Référence de publication: 2014019459/15.
(140025121) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 février 2014.

VermögensManagement Wachstumsländer Balance, Fonds Commun de Placement.

Das Verwaltungsreglement des VermögensManagement Wachstumsländer Balance wurde beim Handels- und Gesell-

schaftsregister von Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027568/10.
(140033425) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

CB Fonds, Fonds Commun de Placement.

Das Verwaltungsreglement des CB Fonds wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014031531/9.
(140035269) Déposé au registre de commerce et des sociétés de Luxembourg, le 26 février 2014.

127299

U X E M B O U R G

Nikko Skill Investments Trust (Lux), Fonds Commun de Placement.

Le règlement de gestion de Nikko Skill Investments Trust (Lux) consolidé a été déposé au registre de commerce et

des sociétés de Luxembourg.

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

Le 18.2.2014.

SMBC Nikko Investment Fund Management Company S.A.
9A, rue Robert Stümper
L-2557 Luxembourg
Signature

Référence de publication: 2014025655/13.
(140030718) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 février 2014.

SPI Bangladesh Fund, Fonds Commun de Placement.

Rectificatif du règlement de gestion de SPI Bangladesh du 18. février 2014, déposé le 28. janvier 2014, N° L140017180

a été déposé au registre de commerce et des sociétés de Luxembourg.

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

Luxembourg, le 20.02.2014.

IPConcept (Luxemburg) S.A
Signature

Référence de publication: 2014027302/11.
(140032876) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 février 2014.

VermögensManagement Wachstum, Fonds Commun de Placement.

Das Verwaltungsreglement des VermögensManagement Wachstum wurde beim Handels- und Gesellschaftsregister

von Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027569/10.
(140033426) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

VermögensManagement Substanz, Fonds Commun de Placement.

Das Verwaltungsreglement des VermögensManagement Substanz wurde beim Handels- und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027570/10.
(140033427) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

VermögensManagement Chance, Fonds Commun de Placement.

Das Verwaltungsreglement des VermögensManagement Chance wurde beim Handels- und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027571/10.
(140033428) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

127300

U X E M B O U R G

VermögensManagement Balance, Fonds Commun de Placement.

Das Verwaltungsreglement des VermögensManagement Balance wurde beim Handels- und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027572/10.
(140033429) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

PremiumMandat Dynamik Plus, Fonds Commun de Placement.

Das Verwaltungsreglement des PremiumMandat Dynamik Plus wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027573/10.
(140033430) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

PremiumMandat Dynamik, Fonds Commun de Placement.

Das Verwaltungsreglement des PremiumMandat Dynamik wurde beim Handels und Gesellschaftsregister von Luxem-

burg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027574/10.
(140033431) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

PremiumMandat Defensiv, Fonds Commun de Placement.

Das Verwaltungsreglement des PremiumMandat Defensiv wurde beim Handels und Gesellschaftsregister von Luxem-

burg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027575/10.
(140033432) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

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

Capital social: USD 180.000,00.

Siège social: L-2557 Luxembourg, 7, rue Robert Stümper.

R.C.S. Luxembourg B 167.194.

Les comptes annuels arrêtés 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.

Luxembourg, le 5 août 2014.

Signature
Le mandataire

Référence de publication: 2014124793/14.
(140141757) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 août 2014.

127301

U X E M B O U R G

OLB-FondsConceptPlus Ertrag, Fonds Commun de Placement.

Das Verwaltungsreglement des OLB-FondsConceptPlus Ertrag wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027578/10.
(140033435) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

OLB-FondsConceptPlus Chance, Fonds Commun de Placement.

Das Verwaltungsreglement des OLB-FondsConceptPlus Chance wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027579/10.
(140033436) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz Rendite Plus 2015, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz Rendite Plus 2015 wurde beim Handels und Gesellschaftsregister von Luxem-

burg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027580/10.
(140033437) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Commerz Funds Solutions S.A., Société Anonyme.

Siège social: L-2540 Luxembourg, 25, rue Edward Steichen.

R.C.S. Luxembourg B 139.351.

Le règlement de gestion de Anlagestruktur coordonné a été déposé au registre de commerce et des sociétés de

Luxembourg.

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

Commerz Funds Solutions S.A.
Mathias Turra / Dietmar Kusch

Référence de publication: 2014032735/12.
(140037217) Déposé au registre de commerce et des sociétés de Luxembourg, le 28 février 2014.

Avery Dennison Finance Luxembourg S.à.r.l., Société à responsabilité limitée.

Siège social: L-4801 Rodange, Zone Industrielle PED.

R.C.S. Luxembourg B 85.017.

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.

Luxembourg, le 06/08/2014.

G.T. Experts Comptables Sàrl
Luxembourg

Référence de publication: 2014124498/12.
(140141968) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 août 2014.

127302

U X E M B O U R G

PremiumMandat Balance, Fonds Commun de Placement.

R.C.S. Luxembourg B 27.856.

Das Verwaltungsreglement des PremiumMandat Balance wurde beim Handels und Gesellschaftsregister von Luxem-

burg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027576/11.
(140033433) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz Global Strategy Dynamic, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz Global Strategy Dynamic wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027582/10.
(140033880) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz Global Investors Fund III, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz Global Investors Fund III wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027583/10.
(140033881) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz BRIC Stars, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz BRIC Stars wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027585/10.
(140033883) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

First State European Diversified Infrastructure Fund FCP SIF, Fonds Commun de Placement - Fonds

d'Investissement Spécialisé.

Le règlement de gestion du fonds commun de placement First State European Diversified Infrastructure Fund FCP-SIF

modifié au 31 décembre 2013 a été déposé au registre de commerce et des sociétés de Luxembourg.

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

Pour First State Investments Fund Management S.à.r.l.
Société à responsabilité limitée
RBC Investor Services Bank S.A.
Société Anonyme

Référence de publication: 2014031059/13.
(140034253) Déposé au registre de commerce et des sociétés de Luxembourg, le 25 février 2014.

127303

U X E M B O U R G

Lux JV Treasury Holding Company S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 179.171.

Le bilan consolidé au 31 décembre 2013 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 5 août 2014.

Lux JV Treasury Holding Company S.à r.l.
P.L.C van Denzen
Manager C

Référence de publication: 2014124881/13.
(140142156) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 août 2014.

BERENBERG USD Opticash (FIS), Fonds Commun de Placement - Fonds d'Investissement Spécialisé.

( ISIN/WKN: LU0296644395/A0MNBY )

BEKANNTMACHUNG ÜBER DIE AUSZAHLUNG DES LIQUIDATIONSERLÖSES UND DEN ABSCHLUSS DER LI-

QUIDATION

Hiermit möchten wir die Anteilinhaber des Investmentfonds Berenberg USD Opticash (FIS) (der "Fonds") (, einem

Fonds commun de placement - Spezialisierter Investmentfonds, darüber informieren, dass der Liquidationserlös des Fonds
an alle Anteilinhaber ausgekehrt wurde, dass eine Hinterlegung nichteinbezogener Liquidationserlöse bei der Caisse de
Consignation in Luxembourg nicht erfolgt ist und somit die Liquidation abgeschlossen ist.

Im Oktober 2014

Universal-Investment-Luxembourg S.A.

Référence de publication: 2014150502/1779/11.

Allianz FinanzPlan 2055, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2055 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027586/10.
(140033912) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz FinanzPlan 2050, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2050 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027587/10.
(140033913) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz FinanzPlan 2045, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2045 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027588/10.
(140033914) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

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U X E M B O U R G

Allianz FinanzPlan 2040, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2040 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027589/10.
(140033915) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Interstock Investments S.à r.l., Société à responsabilité limitée.

Siège social: L-2453 Luxembourg, 6, rue Eugène Ruppert.

R.C.S. Luxembourg B 167.232.

Extrait des décisions prises par le conseil de gérance en date du 30 juin 2014

Le siège a été transféré de L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte, à L-2453 Luxembourg, 6,

rue Eugène Ruppert.

Veuillez noter que l'adresse professionnelle de Mme Valérie PECHON et M. Emanuele GRIPPO, gérants B, se situe

désormais au L-2453 Luxembourg, 6, rue Eugène Ruppert.

Luxembourg, le 1

août 2014.

Pour extrait et avis sincères et conformes
Pour Interstock Investments S.à r.l.
Intertrust (Luxembourg) S.à r.l.

Référence de publication: 2014121477/16.
(140139399) Déposé au registre de commerce et des sociétés de Luxembourg, le 4 août 2014.

Allianz FinanzPlan 2035, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2035 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027590/10.
(140033916) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Best-in-One, Fonds Commun de Placement.

Das Verwaltungsreglement des Best-in-One wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014031532/9.
(140035270) Déposé au registre de commerce et des sociétés de Luxembourg, le 26 février 2014.

Crocodile Capital, Fonds Commun de Placement.

Die konsolidierte Fassung des Verwaltungsreglements des Crocodile Capital, welches am 16. September 2014 in Kraft

getreten ist, wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.

Als Hinterlegungsvermerk zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

VPB Finance S.A.

Référence de publication: 2014149815/9.
(140170250) Déposé au registre de commerce et des sociétés de Luxembourg, le 26 septembre 2014.

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Allianz FinanzPlan 2030, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2030 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027591/10.
(140033917) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz FinanzPlan 2025, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2025 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027592/10.
(140033918) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz FinanzPlan 2020, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2020 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027593/10.
(140033919) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz FinanzPlan 2015, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz FinanzPlan 2015 wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027594/10.
(140033920) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Anchor Holdings SCA, Société en Commandite par Actions.

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

R.C.S. Luxembourg B 170.689.

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.

Luxembourg, le 24 juillet 2014.

Anchor Holdings S.C.A.
Dûment représentée par Anchor Holding GP S.A.
G.B.A.D. Cousin / J.D. Ford
Administrateur B / Administrateur A

Référence de publication: 2014110149/14.
(140131865) Déposé au registre de commerce et des sociétés de Luxembourg, le 28 juillet 2014.

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Allianz High Yield Bond Extra 2017, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz High Yield Bond Extra 2017 wurde beim Handels und Gesellschaftsregister von

Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027581/10.
(140033879) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Dynamic Vario Protect, Fonds Commun de Placement.

Das Verwaltungsreglement des Dynamic Vario Protect wurde beim Handels- und Gesellschaftsregister von Luxemburg

hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027595/10.
(140033936) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz Rendite Plus 2017, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz Rendite Plus 2017 wurde beim Handels- und Gesellschaftsregister von Luxem-

burg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027596/10.
(140033937) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Allianz Multi Asia Active, Fonds Commun de Placement.

Das Verwaltungsreglement des Allianz Multi Asia Active wurde beim Handels- und Gesellschaftsregister von Luxem-

burg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Senningerberg, im Februar 2014.

Allianz Global Investors Luxembourg S.A.

Référence de publication: 2014027597/10.
(140033938) Déposé au registre de commerce et des sociétés de Luxembourg, le 24 février 2014.

Barclays Luxembourg Holdings S.à r.l., Société à responsabilité limitée.

Capital social: GBP 140.010,00.

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

R.C.S. Luxembourg B 173.933.

Fait à Luxembourg, le 24 juillet 2014.

Certifié conforme et sincère
Pour la Société
Manfred Zisselsberger
Gérant

Référence de publication: 2014110235/14.
(140132486) Déposé au registre de commerce et des sociétés de Luxembourg, le 28 juillet 2014.

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KCH Even Hamburg S.à r.l., Société à responsabilité limitée.

Capital social: EUR 10.942.000,00.

Siège social: L-1460 Luxembourg, 48, rue d'Eich.

R.C.S. Luxembourg B 117.121.

Les comptes annuels au 30 septembre 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.

Un mandataire

Référence de publication: 2014109595/10.
(140131222) Déposé au registre de commerce et des sociétés de Luxembourg, le 25 juillet 2014.

Kayton, Société Anonyme.

Siège social: L-2546 Luxembourg, 5, rue C.M. Spoo.

R.C.S. Luxembourg B 165.118.

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.
Référence de publication: 2014109594/9.
(140131446) Déposé au registre de commerce et des sociétés de Luxembourg, le 25 juillet 2014.

Apharma Luxco, Société Anonyme.

Siège social: L-1882 Luxembourg, 12F, rue Guillaume Kroll.

R.C.S. Luxembourg B 185.350.

In the year two thousand and fourteen, on the thirtieth day of June,
Before us, Maître Marc Loesch, notary residing in Mondorf, Grand-Duchy of Luxembourg,

THERE APPEARED:

Montagu IV FPS, a professional specialised fund (fonds professionnel specialisé) as defined in article L.214-154 of the

French Monetary and Financial Code and by the laws of France (previously a contractual private equity investment fund
(fonds commun de placement à risques contractuel) governed by article L. 214-37 of the French Monetary and Financial
Code and by the laws of France), managed by Montagu Private Equity S.A.S., a société par actions simplifiée governed by
the laws of France, with registered office at 41, avenue George V, 75008 Paris, France and registered with the Register
of Commerce and Companies of Paris under number 447 775 669 R.C.S. Paris,

here represented by Me Michael Jonas, lawyer, professionally residing in Luxembourg,
by virtue of a proxy under private seal given on June 30, 2014,
being the sole shareholder of Apharma Luxco, a société anonyme, incorporated and existing under the laws of the

Grand-Duchy of Luxembourg, having its registered office at 12F, rue Guillaume Kroll, L-1882 Luxembourg, Grand-Duchy
of Luxembourg, registered with the Luxembourg Trade and Companies’ Register under number B185350 (the “Com-
pany”), incorporated pursuant to a deed of the undersigned notary on 12 March 2014 and published in the Mémorial C,
Recueil des Sociétés et Associations on 21 May 2014 under number 1307. The articles of incorporation have not been
amended since.

The said proxy, initialled ne varietur by the proxyholder of the appearing party and the notary, shall remain annexed

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

The appearing party, represented as stated above, representing the entire share capital, having recognized to be fully

informed of the resolutions to be taken on the basis of the following agenda:

Agenda

1 Creation of nine (9) classes of redeemable shares as follows: class A redeemable shares, class B redeemable shares,

class C redeemable shares, class D redeemable shares, class E redeemable shares, class F redeemable shares, class G
redeemable shares, class H redeemable shares, class I redeemable shares.

2 Subsequent amendment of articles 5 and 30 of the articles of incorporation of the Company.
3 Increase of the Company’s share capital by an amount of nine million seventy-six thousand nine hundred thirty-five

Euro (EUR 9,076,935) so as to raise it from its current amount of thirty-one thousand Euro (EUR 31,000) to nine million
one hundred seven thousand nine hundred thirty-five Euro (EUR 9,107,935) and issuance of one million eight thousand
five hundred forty-seven (1,008,547) class A redeemable shares, one million eight thousand five hundred forty-seven
(1,008,547) class B redeemable shares, one million eight thousand five hundred forty-eight (1,008,548) class C redeemable

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shares, one million eight thousand five hundred forty-eight (1,008,548) class D redeemable shares, one million eight
thousand five hundred forty-nine (1,008,549) class E redeemable shares, one million eight thousand five hundred forty-
nine (1,008,549) class F redeemable shares, one million eight thousand five hundred forty-nine (1,008,549) class G
redeemable shares, one million eight thousand five hundred forty-nine (1,008,549) class H redeemable shares and one
million eight thousand five hundred forty-nine (1,008,549) class I redeemable shares, each with a nominal value of one
Euro (EUR 1) and having the rights and obligations set forth in articles of association following their restatement and
subscription of the new issued shares by a contribution in cash for a total contribution value of ninety million seven
hundred sixty-nine thousand three hundred forty-eight Euro (EUR 90,769,348).

4 Acknowledgment of the report of the board of directors of the Company with respect to the increase of the

authorized capital and granting of an authorisation to the board of directors of the Company to issue, from time to time,
up to one hundred ten million (110,000,000) new ordinary shares with a nominal value of one Euro (EUR 1) each, hence
increasing the authorised share capital, excluding the current issued share capital, of an amount of up to one hundred
eight million Euro (EUR 108,000,000) in accordance with the provisions of article 32 of the law of 10 August 1915 regarding
commercial companies, as amended.

Limitation of the authorisation to a period expiring no later than a term of five (5) years from the date of the publication

of the present authorisation in the Luxembourg official gazette (Mémorial C, Recueil des Sociétés et Associations).

Authorisation to the board of directors to issue such new shares without reserving to the existing shareholders any

preferential subscription rights.

5 Subsequent amendment of article 7.1 of the articles of incorporation of the Company.
6 Full restatement of the articles of incorporation of the Company.
7 Miscellaneous.
The extraordinary general meeting of the Company then takes the following resolutions:

First resolution

The extraordinary general meeting of the Company resolves to create nine (9) classes of redeemable shares as follows:
(i) class A redeemable shares;
(ii) class B redeemable shares;
(iii) class C redeemable shares;
(iv) class D redeemable shares;
(v) class E redeemable shares;
(vi) class F redeemable shares;
(vii) class G redeemable shares;
(viii) class H redeemable shares;
(ix) class I redeemable shares.

Second resolution

As a consequence of the above resolution, the extraordinary general meeting of the Company resolves to amend:
(i) article 5 of the articles of incorporation of the Company which shall henceforth read as follows:

“ Art. 5. Issued Capital.
5.1 The issued capital of the Company is set at thirty-one thousand Euro (EUR 31,000) divided into thirty-one thousand

(31,000) ordinary shares (the “Ordinary Shares”) fully paid up, with a nominal value of one Euro (EUR 1) each. In addition
to the Ordinary Shares, the Company may also issue:

(i) class A redeemable shares (the “Class A Redeemable Shares”);
(ii) class B redeemable shares (the “Class B Redeemable Shares”);
(iii) class C redeemable shares (the “Class C Redeemable Shares”);
(iv) class D redeemable shares (the “Class D Redeemable Shares”);
(v) class E redeemable shares (the “Class E Redeemable Shares”);
(vi) class F redeemable shares (the “Class F Redeemable Shares”);
(vii) class G redeemable shares (the “Class G Redeemable Shares”);
(viii) class H redeemable shares (the “Class H Redeemable Shares”); and
(ix) class I redeemable shares (the “Class I Redeemable Shares”),
(the above redeemable shares of class A to I being hereinafter collectively referred to as the “Redeemable Shares”

and the Ordinary Shares and the Redeemable Shares being hereinafter collectively referred to as the “Shares”).

5.2 The rights and obligations attached to the shares shall be identical except to the extent otherwise provided by the

Articles of Incorporation or by the Laws.

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5.3 The Redeemable Shares are redeemable in accordance with and subject to the conditions of article 49-8 of the

law of 10 August 1915 on commercial companies as amended (the “1915 Law”). Redeemable shares bear the rights to
receive dividends to the extent defined under article 30.3 of the Articles of Incorporation and have the same voting rights
as non-redeemable shares. The Company may redeem and cancel the shares of class A to I, provided that any such
redemption involves a whole class of shares. In such event, such class of shares gives right to the holders thereof (pro
rata to their holding in such class) to the Available Amount.

5.4 For the above purposes, the “Available Amount” shall correspond to the sums available for distribution by the

Company at the date of the redemption as determined in accordance with article 72-1 of the 1915 Law i.e. distributable
funds with the exception of the Priority Amount. Upon the redemption of the shares of the relevant class, the pro rata
portion of the Available Amount shall be due and payable by the Company to the respective holders of the shares so
redeemed. Redeemed shares shall be cancelled upon request of the board of directors by a decision of the general meeting
of shareholders taken in accordance with the quorum and majority requirements needed to amend the Articles of In-
corporation.

5.5 At least ten (10) days prior to the redemption date and save as otherwise agreed with such holders, written notice

shall be sent by registered mail or internationally recognized overnight courier to each registered holder of the shares
to be redeemed, at his or her address last shown in the shareholders’ register of the Company, notifying such shareholder
of the number of shares so to be redeemed, specifying the redemption date, the redemption price, the procedures
necessary to submit the shares to the Company for redemption and the projected date of the general meeting of the
shareholders resolving on the cancellation of shares and the correlative reduction of the share capital. Each holder of
shares to be redeemed shall surrender the certificate or certificates, if any, issued in relation to such shares to the
Company. The redemption price of such shares shall be payable to the order of the person whose name appears on the
share register as the owner thereof to the bank account details of which have been provided to the Company by such
shareholder before the redemption date.

5.6 An amount equal to the nominal value of all the shares redeemed must be included in a reserve which cannot be

distributed to the shareholders, except in the event of a capital reduction of the subscribed share capital; the reserve
may only be used to increase the subscribed share capital by capitalisation of reserves.

5.7 In addition to the issued capital, there may be set up a premium account (the “Premium Account”) for all the

classes of shares to which any premium paid on any share of the Company in addition to its nominal value is transferred.

5.8 The Premium Account may be used to provide for the payment of the shares of the Company which the Company

may repurchase from its shareholder(s), to offset any net realised losses, to make distributions to the holder(s) of the
shareholders of the Company in the form of a dividend or to allocate funds to the legal reserve.”; and

(ii) article 30 of the articles of incorporation of the Company which shall henceforth read as follows:

“ Art. 30. Distribution of Profits.
30.1 From the annual net profits of the Company, at least five per cent (5%) shall each year be allocated to the reserve

required by law (the "Legal Reserve"). That allocation to the Legal Reserve will cease to be required as soon and as long
as the Legal Reserve amounts to ten per cent (10%) of the issued capital of the Company.

30.2 After allocation to the Legal Reserve, the general meeting of shareholders shall determine how the remainder of

the annual net profits, will be disposed of by allocating the whole or part of the remainder to a reserve or to a provision,
by carrying it forward to the next following financial year or by distributing it, together with carried forward profits,
distributable reserves or share premium, to the shareholders.

30.3 Distributions of any kind (dividends, share premium, assimilated premium reserves) shall be made to the share-

holders as follows:

(i) first, the holder(s) of Ordinary Shares shall be entitled to receive a preferred cumulative dividend in an amount

equal to the Priority Amount. The "Priority Amount" shall, for any Ordinary Share, be equal to point zero three per cent
(0,03 %) per annum (on the basis of a 360-day year) of the nominal value and any share premium paid in respect of the
Ordinary Shares held, and capitalised on 31 December of each year; and

(ii) second, the holder(s) of redeemable shares shall be entitled to receive the remainder of the sums available for

distribution as follows:

- the Class A Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

five per cent (0,05%) per year of the nominal value of the Class A Redeemable Shares issued by the Company, then;

- the Class B Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

ten per cent (0,10%) per year of the nominal value of the Class B Redeemable Shares issued by the Company, then;

- the Class C Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

fifteen per cent (0,15%) per year of the nominal value of the Class C Redeemable Shares issued by the Company, then;

- the Class D Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

twenty per cent (0,20%) per year of the nominal value of the Class D Redeemable Shares issued by the Company, then;

- the Class E Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

twenty-five per cent (0,25%) per year of the nominal value of the Class E Redeemable Shares issued by the Company,
then;

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U X E M B O U R G

- the Class F Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

thirty per cent (0,30%) per year of the nominal value of the Class F Redeemable Shares issued by the Company, then;

- the Class G Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point

thirty-five per cent (0,35%) per year of the nominal value of the Class G Redeemable Shares issued by the Company, then;

- the Class H Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point forty

per cent (0,40%) per year of the nominal value of the Class H Redeemable Shares issued by the Company, then;

- the Class I Redeemable Shares entitles their holders, pro rata, to the payment of a dividend representing point zero

forty-five per cent (0,45%) per year of the nominal value of the Class I Redeemable Shares issued by the Company, then;

- the balance of the total distributable profits shall be allocated in its entirety to the holders of the last Class of shares

in the reverse alphabetical order (i.e. first Class I Redeemable Shares, then if no Class I Redeemable Shares are in existence
Class H Redeemable Shares and in such continuation until only Class A Redeemable Shares are in existence).

Distributions shall be made to the shareholders in proportion to the number of shares they hold in each class of shares.
30.4 Subject to the conditions fixed by the Laws and in compliance with the foregoing provisions, the Board of Directors

may pay out an advance payment on dividends to the shareholders in accordance with the distribution rules set out in
Article 30.3 of the present Articles of Incorporation. The Board of Directors fixes the amount and the date of payment
of any such advance payment.”

Third resolution

The extraordinary general meeting of the Company resolves to increase the Company’s share capital by an amount

of nine million seventy-six thousand nine hundred thirty-five Euro (9,076,935) so as to raise it from its current amount
of thirty-one thousand Euro (EUR 31,000) up to nine million one hundred seven thousand nine hundred thirty-five Euro
(EUR 9,107,935) through the issue of:

(i) one million eight thousand five hundred forty-seven (1,008,547) class A redeemable shares;
(ii) one million eight thousand five hundred forty-seven (1,008,547) class B redeemable shares;
(iii) one million eight thousand five hundred forty-eight (1,008,548) class C redeemable shares;
(iv) one million eight thousand five hundred forty-eight (1,008,548) class D redeemable shares;
(v) one million eight thousand five hundred forty-nine (1,008,549) class E redeemable shares;
(vi) one million eight thousand five hundred forty-nine (1,008,549) class F redeemable shares;
(vii) one million eight thousand five hundred forty-nine (1,008,549) class G redeemable shares;
(viii) one million eight thousand five hundred forty-nine (1,008,549) class H redeemable shares;
(ix) one million eight thousand five hundred forty-nine (1,008,549) class I redeemable shares.

Subscription and payment

The nine million seventy-six thousand nine hundred thirty-five (9,076,935) new shares issued have been subscribed

and entirely paid-up as follows:

- Montagu IV FPS, a professional specialised fund (fonds professionnel specialisé) as defined in article L.214-154 of the

- nine hundred thirty thousand two hundred fifty-three (930,253) class A redeemable shares;
- nine hundred thirty thousand two hundred fifty-three (930,253) class B redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class C redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class D redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class E redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class F redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class G redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class H redeemable shares;
- nine hundred thirty thousand two hundred fifty-four (930,254) class I redeemable shares.
These newly issued shares and related share premium were fully paid-in by Montagu IV FPS aforementioned by a

contribution in cash of an amount of eighty-three million seven hundred twenty-two thousand eight hundred thirty-nine
Euro (EUR 83,722,839) consisting of eight million three hundred seventy-two thousand two hundred eighty-four Euro
(EUR 8,372,284) for the share capital and seventy-five million three hundred fifty thousand five hundred fifty-five Euro
(EUR 75,350,555) for the share premium.

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- Montagu Apharma Co-Invest L.P., an English limited liability partnership, whose principal place of business is at 2

More London Riverside, London SE1 2AP, United Kingdom and whose is registered under the Limited Partnerships Act
1907 under number LP16066, represented by its manager, Montagu Private Equity LLP, an English limited liability part-
nership, whose principal place of business is at 2 More London Riverside, London SE1 2AP, United Kingdom and whose
is registered under the Limited Liability Partnerships Act 2000 under number OC319972,

here represented by Me Michael Jonas, prenamed,
by virtue of a proxy under private seal given on June 27, 2014, which will remain attached hereto,
subscribed for:
- seventy-eight thousand two hundred ninety-four (78,294) class A redeemable shares;
- seventy-eight thousand two hundred ninety-four (78,294) class B redeemable shares;
- seventy-eight thousand two hundred ninety-four (78,294) class C redeemable shares;
- seventy-eight thousand two hundred ninety-four (78,294) class D redeemable shares;
- seventy-eight thousand two hundred ninety-five (78,295) class E redeemable shares;
- seventy-eight thousand two hundred ninety-five (78,295) class F redeemable shares;
- seventy-eight thousand two hundred ninety-five (78,295) class G redeemable shares;
- seventy-eight thousand two hundred ninety-five (78,295) class H redeemable shares;
- seventy-eight thousand two hundred ninety-five (78,295) class I redeemable shares.
These newly issued shares and related share premium were fully paid-in by Montagu Apharma Co-Invest L.P. afore-

mentioned by a contribution in cash of an amount of seven million forty-six thousand five hundred nine Euro (EUR
7,046,509) consisting of seven hundred four thousand six hundred fifty-one Euro (EUR 704,651) for the share capital and
six million three hundred forty-one thousand eight hundred fifty-eight Euro (EUR 6,341,858) for the share premium.

The shares so subscribed have been fully paid-up by a total contribution in cash amounting to ninety million seven

hundred sixty-nine thousand three hundred forty-eight Euro (EUR 90,769,348) of which an amount of nine million seventy-
six thousand nine hundred thirty-five Euro (EUR 9,076,935) is allocated to the share capital of the Company and an amount
of eighty-one million six hundred ninety-two thousand four hundred thirteen Euro (EUR 81,692,413) is allocated to the
share premium of the Company.

The total contribution in the amount of ninety million seven hundred sixty-nine thousand three hundred forty-eight

Euro (EUR 90,769,348) is as of now available to the Company, as it has been justified to the undersigned notary.

Following this resolution, Montagu Apharma Co-Invest L.P.. is now shareholder of the Company and will vote on the

remaining points of the agenda of this general meeting.

Fourth resolution

The extraordinary general meeting of the Company acknowledges the report of the board of directors of the Company

with respect to the increase of the authorized capital and resolves to authorise the board of directors of the Company
to issue, from time to time, as specified below, up to one hundred ten million (110,000,000) new ordinary shares with a
nominal value of one Euro (EUR 1) each, hence increasing the authorised share capital, excluding the current issued share
capital, of an amount of one hundred eight million Euro (EUR 108,000,000) so as to raise it from its current amount of
two million Euro (EUR 2,000,000.-) to one hundred ten million Euro (EUR 110,000,000) in accordance with the provisions
of article 32 of the law of 10 August 1915 regarding commercial companies, as amended.

This authorisation shall be limited to a period expiring right after the closing of any public offering of the shares of the

Company, and in any case no later than a term of five (5) years from the date of the publication of the present deed in
the Luxembourg official gazette (Mémorial C, Recueil des Sociétés et Associations).

Upon presentation of the justifying report of the board of directors, pursuant to article 32-3 (5) of the law of August

10, 1915 on commercial companies, as amended, the extraordinary general meeting of the Company further resolves
that the board of directors of the Company is authorised to issue such new shares without reserving to the existing
shareholders any preferential subscription rights.

A copy of the above mentioned report of the board of directors of the Company shall remain attached to the present

minutes.

Fifth resolution

The extraordinary general meeting of the Company resolves to subsequently amend Article 7.1 of the articles of

incorporation of the Company which shall henceforth read as follows:

“ 7.1. On top of the issued capital, there is an authorized capital amounting to one hundred ten million Euro (EUR

110,000,000), divided into one hundred ten million (110,000,000) shares, divided into:

(i) eleven million (11,000,000) Ordinary Shares;
(ii) eleven million (11,000,000) Class A Redeemable Shares;
(iii) eleven million (11,000,000) Class B Redeemable Shares;

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U X E M B O U R G

(iv) eleven million (11,000,000) Class C Redeemable Shares;
(v) eleven million (11,000,000) Class D Redeemable Shares;
(vi) eleven million (11,000,000) Class E Redeemable Shares;
(vii) eleven million (11,000,000) Class F Redeemable Shares;
(viii) eleven million (11,000,000) Class G Redeemable Shares;
(ix) eleven million (11,000,000) Class H Redeemable Shares; and
(x) eleven million (11,000,000) Class I Redeemable Shares.”

Sixth resolution

Further to the above resolutions, the extraordinary general meeting of the Company resolves to fully restate the

articles of incorporation of the Company, so that the articles of incorporation of the Company shall henceforth read as
follows:

“Chapter I. - Form, Name, Registered office, Object, Duration

Art. 1. Form, Name.
1.1 There is hereby established a société anonyme (the "Company") governed by the laws of the Grand Duchy of

Luxembourg (the "Laws") and by the present articles of incorporation (the "Articles of Incorporation").

1.2 The Company may be composed of one single shareholder, owner of all the shares, or several shareholders.
The Company will exist under the name of "Apharma Luxco".

Art. 2. Registered Office.
2.1 The Company will have its registered office in the City of Luxembourg.
2.2 The registered office may be transferred to any other place within the City of Luxembourg by a resolution of the

Board of Directors.

2.3 Branches or other offices may be established either in the Grand Duchy of Luxembourg or abroad by resolution

of the Board of Directors.

2.4 In the event that, in the view of the Board of Directors, extraordinary political, economic or social developments

occur or are imminent that would interfere with the normal activities of the Company at its registered office or with the
ease of communications with such office or between such office and persons abroad, the Company may temporarily
transfer the registered office abroad, until the complete cessation of these abnormal circumstances. Such temporary
measures will have no effect on the nationality of the Company, which, notwithstanding the temporary transfer of the
registered office, will remain a company governed by the Laws. Such temporary measures will be taken and notified to
any interested parties by the Board of Directors.

Art. 3. Object.
3.1 The object of the Company is the acquisition, holding and disposal of interests in Luxembourg and/or in foreign

companies and undertakings, as well as the administration, development and management of such interests.

3.2 The Company may provide loans and financing in any other kind or form or grant guarantees or security in any

other kind or form, in favour of the companies and undertakings forming part of the group of which the Company is a
member.

3.3 The Company may also invest in real estate, in intellectual property rights or any other movable or immovable

assets in any kind or form.

3.4 The Company may borrow in any kind or form and issue bonds, notes or any other debt instruments as well as

warrants or other share subscription rights.

3.5 In a general fashion, the Company may carry out any commercial, industrial or financial operation, which it may

deem useful in the accomplishment and development of its purposes.

Art. 4. Duration.
4.1 The Company is formed for an unlimited duration.
4.2 It may be dissolved at any time by a resolution of the general meeting of shareholders, voting with the quorum and

majority rules set by the Articles of Incorporation for any amendment of the Articles of Incorporation and pursuant to
article 31 of the Articles of Incorporation, without prejudice to any mandatory provisions of the Laws.

Chapter II. - Capital, Shares

Art. 5. Issued Capital.
5.1 The issued capital of the Company is set at nine million one hundred seven thousand nine hundred thirty-five Euro

(EUR 9,107,935), divided into nine million one hundred seven thousand nine hundred thirty-five (9,107,935) shares fully
paid up, with a nominal value of one Euro (EUR 1) each, divided into:

(i) thirty-one thousand (31,000) ordinary shares (the “Ordinary Shares”);

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U X E M B O U R G

(ii) one million eight thousand five hundred forty-seven (1,008,547) class A redeemable shares (the “Class A Redee-

mable Shares”);

(iii) one million eight thousand five hundred forty-seven (1,008,547) class B redeemable shares (the “Class B Redee-

mable Shares”);

(iv) one million eight thousand five hundred forty-eight (1,008,548) class C redeemable shares (the “Class C Redee-

mable Shares”);

(v) one million eight thousand five hundred forty-eight (1,008,548) class D redeemable shares (the “Class D Redeemable

Shares”);

(vi) one million eight thousand five hundred forty-nine (1,008,549) class E redeemable shares (the “Class E Redeemable

Shares”);

(vii) one million eight thousand five hundred forty-nine (1,008,549) class F redeemable shares (the “Class F Redeemable

Shares”);

(viii) one million eight thousand five hundred forty-nine (1,008,549) class G redeemable shares (the “Class G Redee-

mable Shares”);

(ix) one million eight thousand five hundred forty-nine (1,008,549) class H redeemable shares (the “Class H Redeemable

Shares”); and

(x) one million eight thousand five hundred forty-nine (1,008,549) class I redeemable shares (the “Class I Redeemable

Shares”),

(the above redeemable shares of class A to I being hereinafter collectively referred to as the “Redeemable Shares”

and the Ordinary Shares and the Redeemable Shares being hereinafter collectively referred to as the “Shares”).

5.2 The rights and obligations attached to the shares shall be identical except to the extent otherwise provided by the

Articles of Incorporation or by the Laws.

5.3 The Redeemable Shares are redeemable in accordance with and subject to the conditions of article 49-8 of the

5.4 For the above purposes, the “Available Amount” shall correspond to the sums available for distribution by the

5.5 At least ten (10) days prior to the redemption date and save as otherwise agreed with such holders, written notice

5.6 An amount equal to the nominal value of all the shares redeemed must be included in a reserve which cannot be

5.7 In addition to the issued capital, there may be set up a premium account (the “Premium Account”) for all the

classes of shares to which any premium paid on any share of the Company in addition to its nominal value is transferred.

5.8 The Premium Account may be used to provide for the payment of the shares of the Company which the Company

Art. 6. Shares.
6.1 Each share entitles to one vote.
6.2 The shares will be in the form of registered shares or in the form of bearer shares, at the option of the shareholders,

with the exception of those shares for which the Laws prescribe the registered form.

6.3 The Shares are freely transferable subject to (a) the provisions of the Laws and (b) these Articles of Incorporation.

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U X E M B O U R G

6.4 Each share is indivisible as far as the Company is concerned.
6.5 The co-proprietors, the usufructuaries and bare-owners of shares, the creditors and debtors of pledged shares

must be represented towards the Company by a common representative, whether appointed amongst them or not.

6.6 With respect to the bearer shares, the Company shall issue bearer share certificates to the relevant shareholders

in the form and with the indications prescribed by the Laws. The Company may issue multiple bearer share certificates.

6.7 The transfer of bearer shares shall be made by the mere delivery of the bearer share certificate(s).
6.8 With respect to the registered shares, a shareholders' register, which may be examined by any shareholder, will

be kept at the registered office. The register will contain the precise designation of each shareholder and the indication
of the number and class (if any) of shares held, the indication of the payments made on the shares as well as the transfers
of shares and the dates thereof. Each shareholder will notify its address and any change thereof to the Company by
registered letter. The Company will be entitled to rely for any purposes whatsoever on the last address thus communi-
cated. Ownership of the registered shares will result from the recordings in the shareholders' register. Certificates
reflecting the recordings in the shareholders' register may be delivered to the shareholders upon their request. The
Company may issue multiple registered share certificates.

6.9 Any transfer of registered shares will be registered in the shareholders' register by a declaration of transfer entered

into the shareholders' register, dated and signed by the transferor and the transferee or by their representative(s) as well
as in accordance with the rules on the transfer of claims laid down in article 1690 of the Luxembourg Civil Code.
Furthermore, the Company may accept and enter into the shareholders' register any transfer referred to in any corres-
pondence or other document recording the consent of the transferor and the transferee.

6.10 Ownership of a share carries implicit acceptance of the Articles of Incorporation and of the resolutions validly

adopted by the general meeting of shareholders.

Art. 7. Authorized Capital, Increase and Reduction of Capital.
7.1. On top of the issued capital, there is an authorized capital amounting to one hundred ten million Euro (EUR

110,000,000), divided into one hundred ten million (110,000,000) shares, divided into:

(i) eleven million (11,000,000) Ordinary Shares;
(ii) eleven million (11,000,000) Class A Redeemable Shares;
(iii) eleven million (11,000,000) Class B Redeemable Shares;
(iv) eleven million (11,000,000) Class C Redeemable Shares;
(v) eleven million (11,000,000) Class D Redeemable Shares;
(vi) eleven million (11,000,000) Class E Redeemable Shares;
(vii) eleven million (11,000,000) Class F Redeemable Shares;
(viii) eleven million (11,000,000) Class G Redeemable Shares;
(ix) eleven million (11,000,000) Class H Redeemable Shares; and
(x) eleven million (11,000,000) Class I Redeemable Shares.
7.2 Each authorized share has a nominal value of one Euro (EUR 1).
7.3 The Board of Directors is authorized and empowered, within the limits of the authorized capital, to (i) realise any

increase of the issued capital in one or several successive tranches, following, as the case may be, the exercise of the
subscription and/or conversion rights granted by the Board of Directors within the limits of the authorized capital under
the terms and conditions of warrants (which may be separate or attached to shares, bonds, notes or similar instruments),
convertible bonds, notes or similar instruments as from time to time issued by the Company, by the issuing of new shares,
with or without share premium, against payment in cash or in kind, by conversion of claims on the Company or in any
other manner; (ii) determine the place and date of the issue or successive issues, the issue price, the terms and conditions
of the subscription of and paying up on the new shares; and (iii) remove or limit the preferential subscription right of the
shareholders in case of issue of shares against payment in cash. This authorisation is valid during a period ending five (5)
years after the date of publication of the deed of incorporation of the Company in the Mémorial C, Recueil des Sociétés
et Associations and it may be renewed by a resolution of the general meeting of shareholders adopted in compliance with
the quorum and majority rules set by the Articles of Incorporation or, as the case may be, by the Laws for any amendment
of the Articles of Incorporation.

7.4 The Board of Directors may delegate to any duly authorized person the duties of accepting subscriptions and

receiving payment for shares representing part or all of the issue of new shares under the authorized capital.

7.5 Following each increase of the issued capital within the limits of the authorized capital, realized and duly stated in

the form provided for by the Laws, article 5 will be modified so as to reflect the actual capital increase. Such modification
will be recorded in a notarial deed upon the instructions of the Board of Directors or of any person duly authorized and
empowered by the Board of Directors for this purpose.

7.6 The issued and/or authorized capital of the Company may be increased or reduced one or several times by a

resolution of the general meeting of shareholders adopted in compliance with the quorum and majority rules set by the
Articles of Incorporation or, as the case may be, by the Laws for any amendment of the Articles of Incorporation.

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U X E M B O U R G

7.7 The new shares to be subscribed for by contribution in cash will be offered by preference to the existing share-

holders in proportion to the part of the capital which those shareholders are holding. The Board of Directors shall
determine the period within which the preferred subscription right shall be exercised. This period may not be less than
thirty (30) days.

7.8 Notwithstanding the above, the general meeting of shareholders, voting in compliance with the quorum and ma-

jority rules set by the Articles of Incorporation or, as the case may be, by the Laws for any amendment of the Articles
of Incorporation may limit or withdraw the preferential subscription right.

Art. 8. Acquisition of own shares.
8.1 The Company may acquire its own shares. The acquisition and holding of its own shares will be in compliance with

the conditions and limits established by the Laws.

Chapter III. - Board of directors, Auditors

Art. 9. Board of Directors.
9.1 The Company shall be managed by a board of directors, composed of not less than three (3) members, who need

not be shareholders themselves (the "Board of Directors"). If and as long as the Company has only one (1) shareholder,
the Board of Directors may comprise one (1) member only.

9.2 The members of the Board of Directors will be appointed by the general meeting of shareholders, who will

determine their number and the duration of their mandate, which may not exceed six (6) years. They are eligible for re-
appointment and may be removed at any time, with or without cause, by a resolution adopted by the general meeting of
shareholders.

9.3 The general meeting of shareholders shall decide to qualify the appointed members of the Board of Directors as

class A director (the "Class A Director") or class B director (the "Class B Director").

9.4 In the event of a vacancy on the Board of Directors, the remaining members of the Board of Directors may elect

by co-optation a new director to fill such vacancy until the next general meeting of shareholders, which shall ratify such
co-optation or elect a new member of the Board of Directors instead.

9.5 The shareholders shall neither participate in nor interfere with the management of the Company.
9.6 The Board of Directors shall appoint from among the class A directors a chairman (the "Chairman") by a decision

adopted at the majority specified at the article 12.7 of the Articles of Incorporation.

9.7 The mandate of the Chairman shall not exceed his/her mandate as member of the Board of Director and shall

terminate at the same date.

Art. 10. Powers of the Board of Directors.
10.1 The Board of Directors is vested with the broadest powers to perform all acts necessary or useful for accom-

plishing the Company's object.

10.2 All powers not expressly reserved by the Articles of Incorporation or by the Laws to the general meeting of

shareholders or to the auditor(s) are in the competence of the Board of Directors.

Art. 11. Delegation of Powers - Representation of the Company.
11.1 The Board of Directors may delegate the daily management of the Company and the representation of the

Company within such daily management to one or more persons or committees of its choice.

11.2 The Board of Directors may also delegate other special powers or proxies or entrust determined permanent or

temporary functions to persons or committees of its choice.

11.3 The remuneration and other benefits granted to the person(s) to whom the daily management has been entrusted

must be reported annually by the Board of Directors to the general meeting of shareholders.

11.4 The Company will be bound towards third parties by the individual signature of the sole Director or by the joint

signatures of any two (2) members of the Board of Directors.

11.5 However, if the shareholders have qualified the Directors as Class A Directors or as Class B Directors, the

Company will only be bound towards third parties by the joint signatures of one (1) Class A Director and one (1) Class
B Director.

11.6 The Company will further be bound towards third parties by the joint signatures or single signature or any person

to whom the daily management of the Company has been delegated, within such daily management, or by the joint
signatures or single signature of any person to whom special signatory power has been delegated by the Board of Di-
rectors, within the limits of such special power.

Art. 12. Meetings of the Board of Directors.
12.1 The Board of Directors shall appoint from among its members a chairman (the "Chairman"). It may also appoint

a secretary, who need not be a member of the Board of Directors himself and who will be responsible for keeping the
minutes of the meetings of the Board of Directors (the "Secretary").

12.2 The Board of Directors will meet upon call by the Chairman. A meeting of the Board of Directors must be

convened if any two (2) of its members so require.

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U X E M B O U R G

12.3 The Chairman will preside at all meetings of the Board of Directors, except that in his absence the Board of

Directors may appoint another member of the Board of Directors as chairman pro tempore by majority vote of the
directors present or represented at such meeting.

12.4 Except in cases of urgency or with the prior consent of all those entitled to attend, at least three (3) calendar

days' written notice of meetings of the Board of Directors shall be given in writing and transmitted by any means of
communication allowing for the transmission of a written text. Any such notice shall specify the time and the place of the
meeting as well as the agenda and the nature of the business to be transacted. The notice may be waived by properly
documented consent of each member of the Board of Directors. No separate notice is required for meetings held at
times and places specified in a time schedule previously adopted by resolution of the Board of Directors.

12.5 The meetings of the Board of Directors shall be held in Luxembourg or at such other place as the Board of

Directors may from time to time determine.

12.6 Any member of the Board of Directors may act at any meeting of the Board of Directors by appointing in writing,

transmitted by any means of communication allowing for the transmission of a written text, another member of the Board
of Directors as his proxy. Any member of the Board of Directors may represent one or several members of the Board
of Directors.

12.7 A quorum of the Board of Directors shall be the presence or the representation of at least half (1/2) of the

members of the Board of Directors holding office. Decisions will be taken by a majority of the votes of the members of
the Board of Directors present or represented at such meeting.

12.8 One or more members of the Board of Directors may participate in a meeting by conference call, visioconference

or any other similar means of communication enabling thus several persons participating therein to simultaneously com-
municate with each other. Such participation shall be deemed equivalent to a physical presence at the meeting. The Board
of Directors may determine any additional rules regarding the above in its internal regulations.

12.9 A written decision, signed by all the members of the Board of Directors, is proper and valid as though it had been

adopted at a meeting of the Board of Directors which was duly convened and held. Such a decision may be documented
in a single document or in several separate documents having the same content and each of them signed by one or several
members of the Board of Directors.

Art. 13. Resolutions of the Board of Directors.
13.1 The resolutions of the Directors shall be recorded in writing.
13.2 The minutes of any meeting of the Board of Directors will be signed by the Chairman of the meeting and by the

secretary (if any). Any proxies will remain attached thereto.

13.3 Copies or extracts of written resolutions adopted by the Directors as well as of the minutes of the general meeting

of shareholders, to be produced in judicial proceedings or otherwise, may be signed by the sole Director or by any two
(2) Directors acting jointly.

13.4 The resolutions adopted by the single Director shall be documented in writing and signed by the single Director.

Art. 14. Management Fees and Expenses.
14.1 Subject to approval by the general meeting of shareholders, the members of the Board of Directors may receive

a management fee in respect of the carrying out of their management of the Company and may, in addition, be reimbursed
for all other expenses whatsoever incurred by the members of the Board of Directors in relation with such management
of the Company or the pursuit of the Company's corporate object.

Art. 15. Conflicts of Interest.
15.1 If any member of the Board of Directors of the Company has or may have any personal interest in any transaction

of the Company, such member shall disclose such personal interest to the Board of Directors and shall not consider or
vote on any such transaction.

15.2 Such transaction and such Director's interest therein shall be disclosed in a special report to the next general

meeting of shareholders before any vote by the latter on any other resolution.

15.3 If the Board of Directors only comprises one (1) member it suffices that the transactions between the Company

and its director, who has such an opposing interest, be recorded in writing.

15.4 The foregoing paragraphs of this Article do not apply if (i) the relevant transaction is entered into under fair

market conditions and (ii) falls within the ordinary course of business of the Company.

15.5 No contract or other transaction between the Company and any other company or firm shall be affected or

invalidated by the mere fact that a member of the Board of Directors, or any officer of the Company has a personal
interest in, or is a director, associate, member, shareholder, officer or employee of such other company or firm. Any
person related as afore described to any company or firm with which the Company shall contract or otherwise engage
in business shall not, by reason of such affiliation with such other company or firm, be automatically prevented from
considering, voting or acting upon any matters with respect to such contract or other business.

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U X E M B O U R G

Art. 16. Directors' Liability - Indemnification.
16.1 No member of the Board of Directors commits himself, by reason of his functions, to any personal obligation in

relation to the commitments taken on behalf of the Company.

16.2 Members of the Board of Directors are only liable for the performance of their duties.
16.3 The Company shall indemnify any member of the Board of Directors, officer or employee of the Company and,

if applicable, their successors, heirs, executors and administrators, against damages and expenses reasonably incurred by
him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having
been director, officer or employee of the Company, or, at the request of the Company, any other company of which the
Company is a shareholder or creditor and by which he is not entitled to be indemnified, except in relation to matters as
to which he shall be finally adjudged in such action, suit or proceeding to be liable for gross negligence or misconduct. In
the event of a settlement, indemnification shall be provided only in connection with such matters covered by the settle-
ment as to which the Company is advised by its legal counsel that the person to be indemnified is not guilty of gross
negligence or misconduct. The foregoing right of indemnification shall not exclude other rights to which the persons to
be indemnified pursuant to the Articles of Incorporation may be entitled.

Art. 17. Confidentiality.
17.1 Even after cessation of their mandate or function, any member of the Board of Directors, as well as any person

who is invited to attend a meeting of the Board of Directors, shall not disclose information on the Company, the disclosure
of which may have adverse consequences for the Company, unless such divulgation is required (i) by a legal or regulatory
provision applicable to sociétés anonymes or (ii) for the public benefit.

Art. 18. Auditors.
18.1 Except where according to the Laws, the Company's annual statutory and/or consolidated accounts must be

audited by an approved auditor (réviseur d’entreprises agréé), the business of the Company and its financial situation,
including more in particular its books and accounts, shall be reviewed by one or more statutory auditor(s) (commissaire),
who need not be shareholders themselves.

18.2 The statutory or approved auditor(s), if any, will be appointed by the general meeting of shareholders, which will

determine their number and the duration of their mandate. They are eligible for re-appointement. They may be removed
at any time, with or without cause, by a resolution of the general meeting of shareholders, save in such cases where the
approved auditor (réviseur d’entreprises agréé) may, as a matter of Luxembourg law, only be removed for serious causes
or by mutual agreement.

Chapter IV. - General meeting of shareholders

Art. 19. Powers of the General Meeting of Shareholders.
19.1 The general meeting of shareholders shall have such powers as are vested with the general meeting of shareholders

pursuant to the Articles of Incorporation and the Laws. The single shareholder carries out the powers bestowed on the
general meeting of shareholders.

19.2 Any regularly constituted general meeting of shareholders of the Company represents the entire body of share-

holders.

Art. 20. Annual General Meeting.
20.1 The annual general meeting of shareholders will be held on the second Monday of May of each year at eleven

o'clock (11.00 a.m.).

20.2 If such day is a day on which banks are not generally open for business in Luxembourg, the meeting will be held

on the next following business day.

Art. 21. Other General Meetings.
21.1 The Board of Directors or the statutory auditor(s) (if any) may convene general meetings of shareholders (in

addition to the annual general meeting of shareholders). Such meetings must be convened if shareholders representing
at least ten percent (10%) of the Company's capital so require.

21.2 General meetings of shareholders, including the annual general meeting of shareholders, will be held at the re-

gistered office of the Company or at such other place in the Grand Duchy of Luxembourg, and may be held abroad if, in
the judgement of the Board of Directors, which is final, circumstances of force majeure so require.

Art. 22. Notice of General Meetings.
22.1 Shareholders will meet upon issuance (including, if appropriate, its publication) of a convening notice in compliance

with the Articles of Incorporation or the Laws.

22.2 The convening notice sent to the shareholders will specify the time and the place of the meeting as well as the

agenda and the nature of the business to be transacted at the relevant general meeting of shareholders. The agenda for
a general meeting of shareholders shall also, where appropriate, describe any proposed changes to the Articles of Incor-
poration and, if applicable, set out the text of those changes affecting the object or form of the Company.

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U X E M B O U R G

22.3 If all the shareholders are present or represented at a general meeting of shareholders and if they state that they

have been duly informed of the agenda of the meeting, the meeting may be held without prior notice.

Art. 23. Attendance - Representation.
23.1 All shareholders are entitled to attend and speak at any general meeting of shareholders.
23.2 A shareholder may act at any general meeting of shareholders by appointing in writing, transmitted by any means

of communication allowing for the transmission of a written text, another person who need not be a shareholder himself,
as a proxy holder. The Board of Directors may determine any conditions that must be fulfilled in order for a shareholder
to take part in a general meeting of shareholders.

23.3 Shareholders, participating in a general meeting of shareholders by visioconference or any other similar means of

telecommunication allowing for their identification, shall be deemed present for the purpose of quorum and majority
computation. Such telecommunication methods shall satisfy all technical requirements to enable the effective participation
in the meeting and the deliberations of the meeting shall be retransmitted on a continuous basis.

Art. 24. Proceedings.
24.1 Any general meeting of shareholders shall be presided by the Chairman or by a person designated by the Board

of Directors or, in their absence, by the general meeting of shareholders.

24.2 The Chairman of the general meeting of shareholders shall appoint a secretary.
24.3 The general meeting of shareholders shall elect one (1) scrutineer to be chosen from the persons attending the

general meeting of shareholders.

24.4 The Chairman, the secretary and the scrutineer so appointed together form the bureau of the general meeting.

Art. 25. Adjournment.
25.1 The Board of Directors may forthwith adjourn any general meeting of shareholders by four (4) weeks. The Board

of Directors must adjourn a meeting if so required by shareholders representing at least twenty percent (20%) of the
Company's issued capital.

25.2 Such adjournment automatically cancels any resolution already adopted prior thereto.
25.3 The adjourned general meeting of shareholders has the same agenda as the first one. Shares and proxies regularly

deposited in view of the first meeting remain validly deposited for the second one.

Art. 26. Vote.
26.1 An attendance list indicating the name of the shareholders and the number of shares for which they vote is signed

by each one of them or by their proxy prior to the opening of the proceedings of the general meeting of shareholders.

26.2 The general meeting of shareholders may deliberate and vote only on the items comprised in the agenda.
26.3 Voting takes place by a show of hands or by a roll call, unless the general meeting of shareholders resolves to

adopt another voting procedure.

26.4 The shareholders are authorized to cast their vote by ballot papers ("formulaire") expressed in the English lan-

guage.

26.5 Any ballot paper ("formulaire") shall be delivered by hand with acknowledgment of receipt, by registered post,

by special courier service using an internationally recognised courier company at the registered office of the Company
or by fax at the fax number of the registered office of the Company.

26.6 Any ballot paper ("formulaire") which does not bear any of the following indications is to be considered void and

shall be disregarded for quorum purposes:

- name and registered office and / or residence of the relevant shareholder;
- total number of shares held by the relevant shareholder in the share capital of the Company and, if applicable, number

of shares of each class held by the relevant shareholder in the share capital of the Company;

- agenda of the general meeting;
- indication by the relevant shareholder, with respect to each of the proposed resolutions, of the number of shares

for which the relevant shareholder is abstaining, voting in favour of or against such proposed resolution; and

- name, title and signature of the duly authorized representative of the relevant shareholder.
26.7 Any ballot paper ("formulaire") shall be received by the Company no later than five (5) p.m. (Luxembourg time)

on the day on which banks are generally open for business in Luxembourg immediately preceding the day of the general
meeting of shareholders. Any ballot paper ("formulaire") received by the Company after such deadline shall be disregarded
for quorum purposes.

26.8 A ballot paper ("formulaire") shall be deemed to have been received:
(a) if delivered by hand with acknowledgment of receipt, by registered post or by special courier service using an

internationally recognised courier company: at the time of delivery;

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(b) if delivered by fax: at the time recorded together with the fax number of the receiving fax machine on the trans-

mission receipt.

26.9 At any general meeting of shareholders other than a general meeting convened for the purpose of amending the

Articles of Incorporation of the Company or voting on resolutions whose adoption is subject to the quorum and majority
requirements of an amendment to the Articles of Incorporation, resolutions shall be adopted, irrespective of the number
of shares represented, by a simple majority of votes cast.

26.10 At any general meeting of shareholders, convened in accordance with the Articles of Incorporation or the Laws,

for the purpose of amending the Articles of Incorporation of the Company or voting on resolutions whose adoption is
subject to the quorum and majority requirements of an amendment to the Articles of Incorporation, the quorum shall
be at least one half (1/2) of all the shares issued and outstanding. If the said quorum is not present at a first meeting, a
second meeting may be convened at which there shall be no quorum requirement. In order for the proposed resolutions
to be adopted, and save as otherwise provided by the Laws, a two thirds (2/3

rds

) majority of the votes cast by the

shareholders present or represented is required at any such general meeting.

Art. 27. Minutes.
27.1 The minutes of the general meeting of shareholders shall be signed by the members of the bureau present and

may be signed by any shareholders or proxies of shareholders, who so request.

Chapter V. - Financial year, Financial statements, Distribution of profits

Art. 28. Financial Year.
28.1 The Company's financial year begins on the first of January of each year and ends on the thirty-first of December

of the same year.

Art. 29. Adoption of Financial Statements.
29.1 The Board of Directors shall prepare, for approval by the shareholders, annual statutory and/or consolidated

accounts in accordance with the requirements of the Laws and Luxembourg accounting practice.

29.2 The annual statutory and/or consolidated accounts are submitted to the general meeting of shareholders for

approval.

Art. 30. Distribution of Profits.
30.1 From the annual net profits of the Company, at least five per cent (5%) shall each year be allocated to the reserve