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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° 3006

18 octobre 2014

SOMMAIRE

Advance S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

144242

Advent Diamond (Luxembourg) Holding

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

144248

Advent Diamond (Luxembourg) S.à r.l. . .

144281

Anchor Holdings GP S.A. . . . . . . . . . . . . . . .

144288

Apolis Sicav-SIF . . . . . . . . . . . . . . . . . . . . . . . .

144253

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

144243

Aspidistra International S.A., SPF . . . . . . .

144242

Avus Llorens S.A. . . . . . . . . . . . . . . . . . . . . . .

144252

Basic Holding S.A. . . . . . . . . . . . . . . . . . . . . . .

144245

Blassan Finance S.à r.l. . . . . . . . . . . . . . . . . . .

144244

Boldam S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

144242

BRE/Eschborn IV Manager S.à.r.l. . . . . . . . .

144244

Built Stone Properties S.A. . . . . . . . . . . . . .

144245

C5 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

144249

CAP-International S.A. . . . . . . . . . . . . . . . . .

144249

Chephren S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

144245

Compass Printing S.à r.l. . . . . . . . . . . . . . . . .

144246

Constellation Coinvestment S.à r.l. . . . . . .

144246

Corpora Investments S.A. . . . . . . . . . . . . . .

144248

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

144249

Etoile Promotions "E", société à responsa-

bilité limitée . . . . . . . . . . . . . . . . . . . . . . . . . .

144249

Fare Development S.A. S.P.F. . . . . . . . . . . .

144285

Fédération Luxembourgeoise de Boxe . . .

144282

First Investments S.A. . . . . . . . . . . . . . . . . . .

144245

Galor Holding S.A. SPF . . . . . . . . . . . . . . . . .

144244

Haurora S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

144248

Ludo S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

144262

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

144262

Marowinia S.A., SPF . . . . . . . . . . . . . . . . . . . .

144243

Microventures Finance Group S.A. . . . . . .

144250

MicroVentures S.A. . . . . . . . . . . . . . . . . . . . .

144250

Optimal Diversified Portfolio . . . . . . . . . . . .

144244

PA BE 1 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

144272

PA BE 1 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . .

144272

Poland Retail Topco S.à r.l. . . . . . . . . . . . . .

144247

P&P Promotions S.à r.l. . . . . . . . . . . . . . . . . .

144247

Rally Lux Holding Two S.à r.l. . . . . . . . . . . .

144286

Seaside Investments S.à r.l. . . . . . . . . . . . . .

144248

Semtex S.A., SPF . . . . . . . . . . . . . . . . . . . . . .

144242

Shco 88 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . .

144248

Sofires S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

144243

Spice Industries Luxembourg S.à r.l. . . . . .

144247

Valauchanrus Sopaneer S.C.A. . . . . . . . . . .

144246

Valauchan Sopaneer International S.C.A.

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

144247

Zordalys S.A., SPF . . . . . . . . . . . . . . . . . . . . .

144245

144241

U X E M B O U R G

Advance S.A., Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-2763 Luxembourg, 31, rue Sainte Zithe.

R.C.S. Luxembourg B 55.546.

Les comptes annuels au 31/12/2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 11 septembre 2014.

Référence de publication: 2014142591/10.
(140161909) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Boldam S.A., Société Anonyme.

Siège social: L-2134 Luxembourg, 50, rue Charles Martel.

R.C.S. Luxembourg B 78.954.

Extrait sincère et conforme
BOLDAM S.A.

Référence de publication: 2014142635/11.
(140161989) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

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

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

R.C.S. Luxembourg B 61.738.

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 27 octobre 2014 à 9.15 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 2013, et affectation du résultat.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes pour l'exercice de leur mandat au 31

décembre 2013.

4. Divers.

Le Conseil d'Administration.

Référence de publication: 2014157076/1023/16.

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

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

R.C.S. Luxembourg B 80.571.

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 27 octobre 2014 à 14.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

décembre 2013.

4. Décision de la continuation de la société en relation avec l'article 100 de la législation des sociétés.
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2014157077/1023/17.

144242

U X E M B O U R G

Sofires S.A., Société Anonyme.

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

R.C.S. Luxembourg B 44.290.

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 27 octobre 2014 à 12.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

décembre 2013.

4. Divers.

Le Conseil d'Administration.

Référence de publication: 2014157075/1023/16.

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

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

R.C.S. Luxembourg B 46.484.

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 27 octobre 2014 à 15.00 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

décembre 2013.

4. Décision de la continuation de la société en relation avec l'article 100 de la législation des sociétés.
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2014157072/1023/17.

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

Siège social: L-3441 Dudelange, 49, avenue Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 161.895.

Les associés de la société ARKA S.àr.l. sont convoqués pour le lundi 27 octobre 2014, à 10.00 heures, à L-3569

Dudelange, 44, rue Tattenberg pour la tenue d'une

ASSEMBLEE GENERALE

à l'effet de délibérer sur l'ordre du jour suivant:

Ordre du jour:

1. Approbation des comptes annuels au 31/12/2013 et affectation du résultat de l'exercice clos le 31/12/2013.
2. Décharge à donner aux gérants pour l'exercice de leur fonction pendant l'année 2013.
3. Démission du gérant.
4. Nomination d'un nouveau gérant.
5. Divers.
Chaque associé qui se fera représenter à l'Assemblée Générale du 27 octobre 2014, devra préalablement remettre

au siège social de la société une procuration écrite et dûment signée, mentionnant le nom et les coordonnées complètes
et actuelles de la personne qui le représentera lors de l'assemblée.

Nunes Da Assunçao Arlindo Albero
Gérant

Référence de publication: 2014153256/21.

144243

U X E M B O U R G

BRE/Eschborn IV Manager S.à.r.l., Société à responsabilité limitée.

Siège social: L-2453 Luxembourg, 2-4, rue Eugène Ruppert.

R.C.S. Luxembourg B 96.449.

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.
Référence de publication: 2014142642/9.
(140162554) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

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

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

R.C.S. Luxembourg B 81.926.

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

Signature.

Référence de publication: 2014142633/10.
(140162650) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

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

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

R.C.S. Luxembourg B 28.343.

Messieurs les Actionnaires sont priés de bien vouloir assister à

L'ASSEMBLEE GENERALE ORDINAIRE

qui se tiendra en date du 28 octobre 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 30 juin 2014 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: 2014156807/506/16.

Optimal Diversified Portfolio, Société d'Investissement à Capital Variable.

Siège social: L-2350 Luxembourg, 3, rue Jean Piret.

R.C.S. Luxembourg B 70.595.

Par le présent avis, les actionnaires sont conviés à assister à

L'ASSEMBLEE GENERALE ANNUELLE

de Optimal Diversified Portfolio, qui se tiendra dans les locaux de ING Investment Management Luxembourg au 3 rue

Jean Piret, L-2350 Luxembourg, le 27 octobre 2014 à 11h00, pour délibérer sur l'ordre du jour suivant:

Ordre du jour:

1. Rapports du Conseil d'Administration et du Réviseur d'Entreprises
2. Approbation des comptes au 30 juin 2014
3. Affectation des résultats
4. Décharge aux administrateurs
5. Nominations statutaires (démission(s) et/ou nomination(s))
Les actionnaires en nom seront admis sur justification de leur identité, à la condition d'avoir cinq jours francs au moins

avant la réunion, fait connaître au Conseil d'Administration leur intention de prendre part à l'assemblée.

Le Conseil d'Administration.

Référence de publication: 2014156875/755/19.

144244

U X E M B O U R G

Built Stone Properties S.A., Société Anonyme,

(anc. First Investments S.A.).

Siège social: L-2562 Luxembourg, 4, place de Strasbourg.

R.C.S. Luxembourg B 105.256.

Signature.

Référence de publication: 2014142646/11.
(140162319) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Chephren S.A., Société Anonyme.

Siège social: L-1840 Luxembourg, 40, boulevard Joseph II.

R.C.S. Luxembourg B 92.299.

COMPAGNIE FINANCIERE DE GESTION LUXEMBOURG S.A.
Boulevard Joseph II
L-1840 Luxembourg
Signature

Référence de publication: 2014142675/13.
(140162640) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Basic Holding S.A., Société Anonyme (en liquidation).

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

R.C.S. Luxembourg B 46.465.

The shareholders are hereby convened to attend the

EXTRAORDINARY GENERAL MEETING

which is going to be held at the registered office on 27 October 2014 at 10.00 a.m., with the following agenda:

Agenda:

1. 1. Presentation and approval of the liquidator's report.
2. 2. Appointment of an auditor to liquidation.
This meeting shall validly deliberate regardless of the proportion of the capital represented.

The Liquidator

Référence de publication: 2014154152/534/14.

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

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

R.C.S. Luxembourg B 96.821.

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 27 octobre 2014 à 8.30 heures au siège social, avec l'ordre du jour suivant:

Ordre du jour:

décembre 2013.

4. Divers.

Le Conseil d'Administration.

Référence de publication: 2014157074/1023/16.

144245

U X E M B O U R G

Compass Printing S.à r.l., Société à responsabilité limitée.

Capital social: EUR 283.286,00.

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

R.C.S. Luxembourg B 159.171.

Luxembourg, le 11 septembre 2014.

Référence de publication: 2014142657/11.
(140162152) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Constellation Coinvestment S.à r.l., Société à responsabilité limitée.

Capital social: USD 20.000,00.

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

R.C.S. Luxembourg B 167.337.

Luxembourg, le 11 septembre 2014.

Référence de publication: 2014142658/11.
(140162104) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Valauchanrus Sopaneer S.C.A., Société en Commandite par Actions.

Siège social: L-2721 Luxembourg, 5, rue Alphonse Weicker.

R.C.S. Luxembourg B 140.847.

Les actionnaires sont convoqués par le présent avis à

L'ASSEMBLÉE GÉNÉRALE EXTRAORDINAIRE

qui aura lieu le 27 octobre 2014 à 16.15 heures en l'étude de Me Hellinckx sise 101 rue Cents à Luxembourg, afin de

délibérer sur l'ordre du jour suivant:

Ordre du jour:

1. Réduction de capital d'un montant de Euro 4.313.725 (quatre millions trois cent treize mille sept cent vingt-cinq

euros) par annulation de 4.313.725 (quatre millions trois cent treize mille sept cent vingt-cinq) actions propres
d'une valeur nominale de Euro 1 chacune. Le capital social est donc réduit de son montant de Euro 25.833.000
(vingt-cinq millions huit cent trente-trois mille) à Euro 21.519.275 (vingt et un millions cinq cent dix-neuf mille deux
cent soixante-quinze) représenté par 21.519.275 (vingt et un millions cinq cent dix-neuf mille deux cent soixante-
quinze) actions. Deux actions sont attribués aux actionnaires commandités, à raison d'une action par commandité,
et sont non rachetables et 21.519.273 actions sont attribuées aux commanditaires.

2. Modification de l'alinéa 2 de l'article 13 qui aura désormais la teneur suivante : "Le Conseil de surveillance sera élu

par l'assemblée générale annuelle des actionnaires."

3. Modification du premier alinéa de l'article 8 qui aura désormais la teneur suivante : "Période d'acquisition d'Actions

Ordinaires:
Une fois par an, la Gérance aura la possibilité, sans en avoir l'obligation, de fixer une période (ci-après la " Période
d'acquisition d'Actions Ordinaires ") pendant laquelle les Commanditaires auront la possibilité d'acquérir des Ac-
tions Ordinaires de la Société. Si la Gérance décide de fixer une période de souscription, les Commanditaires
devront alors être informés par la Gérance de la date de commencement et de fin de la Période d'acquisition
d'Actions Ordinaires par décision publiée par voie d'affichage dans les locaux des sociétés du groupe Auchan ".

4. Modification subséquente des statuts;
Les actionnaires sont avisés qu'un quorum de 50% des actions émises est requis pour délibérer sur les points de l'ordre

du jour. Si le quorum n'était pas atteint, une 2e Assemblée portant sur ces points devra être convoquée. Les résolutions
pour être valables devront réunir les 2 tiers au moins des voix des actionnaires présents ou représentés.

Les Gérants-Commandités

Référence de publication: 2014157065/795/32.

144246

U X E M B O U R G

Spice Industries Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-1610 Luxembourg, 8-10, avenue de la Gare.

R.C.S. Luxembourg B 160.104.

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: 2014143055/9.
(140162644) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Poland Retail Topco S.à r.l., Société à responsabilité limitée.

Siège social: L-2453 Luxembourg, 2-4, rue Eugène Ruppert.

R.C.S. Luxembourg B 160.771.

Les comptes consolidés au 31/12/2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2014142998/9.
(140162646) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

P&P Promotions S.à r.l., Société à responsabilité limitée.

Siège social: L-4984 Sanem, Z.I. Gadderscheier.

R.C.S. Luxembourg B 179.391.

Luxembourg.

Référence de publication: 2014142989/10.
(140162073) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Valauchan Sopaneer International S.C.A., Société en Commandite par Actions.

Siège social: L-2721 Luxembourg, 5, rue Alphonse Weicker.

R.C.S. Luxembourg B 52.454.

Les actionnaires sont convoqués par le présent avis à

L'ASSEMBLÉE GÉNÉRALE EXTRAORDINAIRE

qui aura lieu le 27 octobre 2014 à 16.00 heures en l'étude de Me Hellinckx sise 101 rue Cents à Luxembourg, afin de

délibérer sur l'ordre du jour suivant:

Ordre du jour:

1. Réduction de capital d'un montant de Euro 14.274.453 (quatorze millions deux cent soixante-quatorze mille quatre

cent cinquante-trois) par annulation de 9.516.302 (neuf millions cinq cent seize mille trois cent deux) actions propres
d'une valeur nominale de Euro 1,50 chacune. Le capital social est donc réduit de son montant de Euro 53.739.265,50
(cinquante-trois millions sept cent trente-neuf mille deux cent soixante-cinq euros et cinquante cents) à Euro
39.464.812,50 (trente-neuf millions quatre cent soixante-quatre mille huit cent douze euros et cinquante cents)
représenté par 26.309.875 (vingt-six millions trois cent neuf mille huit cent soixante-quinze) actions. Quinze actions
sont attribués aux actionnaires commandités, à raison de cinq actions par commandité, et sont non rachetables et
26.309.860 actions sont attribuées aux commanditaires.

2. Modification de l'alinéa 2 de l'article 13 qui aura désormais la teneur suivante : "Le Conseil de surveillance sera élu

par l'assemblée générale annuelle des actionnaires."

3. Modification subséquente des statuts ;
Les actionnaires sont avisés qu'un quorum de 50% des actions émises est requis pour délibérer sur les points de l'ordre

Les Gérants-Commandités

Référence de publication: 2014157064/795/26.

144247

U X E M B O U R G

Advent Diamond (Luxembourg) Holding S.à r.l., Société à responsabilité limitée.

Siège social: L-1222 Luxembourg, 2-4, rue Beck.

R.C.S. Luxembourg B 151.517.

Les Comptes annuels au 31 juillet 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 12 septembre 2014.

Référence de publication: 2014142562/10.
(140162529) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

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

(anc. Shco 88 S.à r.l.).

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

R.C.S. Luxembourg B 189.294.

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.

Junglinster, le 3 septembre 2014.

Pour copie conforme

Référence de publication: 2014140516/11.
(140158856) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 septembre 2014.

Corpora Investments S.A., Société Anonyme.

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

R.C.S. Luxembourg B 160.397.

Pour Corpora Investments S.A.
Un mandataire

Référence de publication: 2014142663/11.
(140162445) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Haurora S.A., Société Anonyme.

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

R.C.S. Luxembourg B 133.281.

EXTRAIT

Il résulte des résolutions prises lors de la réunion du Conseil d'Administration de la Société du 30 juin 2014 que:
- Monsieur Massimo SINIGAGLIA a été nommé Président du Conseil d'Administration.
Il résulte des résolutions prises lors de l'assemblée générale ordinaire de la Société du 1

juillet 2014 que:

1. La démission de Monsieur Olivier LIEGEOIS de son poste d'administrateur a été acceptée.
2. Ont été réélus, et ce jusqu'à l'assemblée générale approuvant les comptes arrêtés au 31 décembre 2018:
- Monsieur Patrick MOINET, en tant qu'administrateur;
- Monsieur Massimo SINIGAGLIA, en tant qu'administrateur et Président du Conseil d'Administration; et
- La société Réviconsult S.à r.l., en tant que commissaire.
3. Madame Sandrine BISARO, née le 28 juin 1969 à Metz (France), demeurant professionnellement au 16, avenue

Pasteur, L-2310 Luxembourg, a été nommée administrateur. Son mandat prendra fin lors de l'assemblée générale ap-
prouvant les comptes arrêtés au 31 décembre 2018.

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

Luxembourg, le 8 septembre 2014.

Référence de publication: 2014140291/22.
(140159296) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 septembre 2014.

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U X E M B O U R G

CAP-International S.A., Société Anonyme.

Siège social: L-9991 Weiswampach, 61, Gruuss-Strooss.

R.C.S. Luxembourg B 177.926.

Weiswampach, le 12 septembre 2014.

Référence de publication: 2014142667/10.
(140161983) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

C5 S.à r.l., Société à responsabilité limitée.

Capital social: GBP 15.000,00.

Siège social: L-2134 Luxembourg, 58, rue Charles Martel.

R.C.S. Luxembourg B 171.283.

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

Luxembourg.

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

Pour la société
Un mandataire

Référence de publication: 2014142696/13.
(140162089) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Etoile Promotions "E", société à responsabilité limitée, Société à responsabilité limitée.

Siège social: L-1449 Luxembourg, 2, rue de l'Eau.

R.C.S. Luxembourg B 60.543.

Le bilan au 31.12.2013 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 10 septembre 2014.

Pour ordre
EUROPE FIDUCIAIRE (Luxembourg) S.A.
Boîte Postale 1307
L – 1013 Luxembourg

Référence de publication: 2014142770/14.
(140162203) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

Cudi S.à r.l., Société à responsabilité limitée unipersonnelle.

Siège social: L-2714 Luxembourg, 20, rue de Fort Wallis.

R.C.S. Luxembourg B 161.005.

Diekirch, le 12/09/2014.

Pour la société
C.F.N GESTION S.A.
20, Esplanade - L-9227 Diekirch
Adresse postale:
B.P. 80 - L-9201 Diekirch
Signature
Un mandataire

Référence de publication: 2014142692/17.
(140161970) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

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U X E M B O U R G

Microventures Finance Group S.A., Société Anonyme,

(anc. MicroVentures S.A.).

Siège social: L-1449 Luxembourg, 18, rue de l'Eau.

R.C.S. Luxembourg B 143.388.

This ninth day of October two thousand fourteen before me, Francis Kesseler, notary residing in Esch-sur-Alzette,

Grand Duchy of Luxembourg,

was held

an extraordinary general meeting of:
MicroVentures Finance Group S.A., a public limited company under the laws of Luxembourg, having its registered

office at 18, rue de l’Eau, L-1449 Luxembourg, registered in the Luxembourg Register of Commerce and Companies
under number B 143388, incorporated pursuant to a deed executed before Martine Schaeffer, notary in Luxembourg,
Grand Duchy of Luxembourg, on 5 December 2008, published in the Official Journal of the Grand Duchy of Luxembourg,
Mémorial C, No. 3036 of 30 December 2008, the articles of association of which have been amended most recently
pursuant to a deed executed before Martine Schaeffer, aforementioned notary, on 30 May 2013, published in the Mémorial
C, No. 1761 of 23 July 2013 (the "Company").

The meeting was chaired by Aldo Schuurman, attorney at law, with professional address at the office of Van Campen

Liem Luxembourg, 2, rue Heinrich Heine, L-1720 Luxembourg, and Eleni Kokkinou, attorney at law, with professional
address at the office of Van Campen Liem Luxembourg, 2, rue Heinrich Heine, L-1720 Luxembourg, was appointed as
secretary and scrutineer.

The members of the scrutiny committee of the meeting are personally known to me, notary. The proxies to such

persons, as well as the attendance list specifying the names of the shareholders represented and the number of shares
held by each of them, are initialled ne varietur by the members of the scrutiny committee and by me, notary, and are
annexed hereto.

The persons appearing, acting as scrutiny committee of the meeting, established that:
- all of the shares in the share capital of the Company are in registered form;
- notice of the meeting was sent to the shareholders of the Company, in the manner required by law and the articles

of association of the Company, that is by registered mail, on 24 September 2014; and

- sixty-eight (68) shareholders, holding nineteen million two hundred and seventy two thousand one hundred thirty-

eight (19.272.138) shares, representing seventy-seven and seventy-five hundredths percent (77,75 %) of the share capital
(disregarding shares that are held in treasury by the Company), are present or represented at the meeting,

and declared the meeting properly constituted for the transaction of business.
The members of the scrutiny committee of the meeting declared and requested me, the undersigned notary, to record

the following:

Introduction

The chair of the meeting presented a merger proposal drawn up by the boards of directors of the Company and

CreditAccess Asia N.V., formerly known as: MicroVentures Asia B.V., a company under the laws of the Netherlands,
having its corporate seat and office at Mauritskade 55 1C, 1092 AD Amsterdam, Netherlands, registered in the Nether-
lands Commercial Register under number 60281758 (the "Dutch Company"), published in the Mémorial C, No. 2404 of
8 September 2014 (the "Merger Proposal").

Following the reading of the proposal, the chair invited questions and comments and, there being none, the chair stated

that it was now in order to proceed with the adoption of resolutions as per the following agenda (as stated in the convening
notice):

1. Call to order (including election of chair, secretary and vote scrutineer)
2. Roll call (including acceptance of apologies for absence)
3. Cross-border merger of the Company and CreditAccess Asia N.V. (formerly known as: MicroVentures Asia B.V.)
4. Discharge of directors
5. Acknowledgment of the new composition of the board of directors
6. Compensation policy for directors
7. Any other business
8. Close of meeting

Resolutions

The general meeting unanimously resolved:

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U X E M B O U R G

1. to approve the Merger Proposal and the merger contemplated thereby and to merge the Company and the Dutch

Company in accordance with the Merger Proposal so that the Company ceases to exist and all of its assets and liabilities
are transmitted to the Dutch Company by universal title by operation of law;

2. to grant discharge to every director of the Company for the execution of his office and his management of the

Company up until and including the date of the meeting;

3. to acknowledge that (a) with effect as of the merger, the board of directors of the Dutch Company resulting, by

operation of law, from the approval of the Merger Proposal, will be composed as follows: Paolo Brichetti as Chief Executive
Officer, Diederik Legger and Wim Nienhuis as Executive Directors and Koen Slobbe as Chairman and Roberto Grassi,
Francesco Moccagatta, Marina Pittini, Evert Ludding and Giovanni Siccardo as Non-Executive Directors, and (b) the
aforementioned board of directors will automatically leave office at the forthcoming general meeting of the Dutch Com-
pany and that a new appointment procedure will be followed at such time; and

4. to approve the compensation policy of the board of directors of the Dutch Company in the form made available to

the shareholders of the Company as an annex to the convening notice of this meeting.

Attestation

I, the undersigned notary, attest to the existence and the validity of the Merger Proposal and to the proper completion

of the pre-merger legal acts and formalities required of the Company.

I, the undersigned notary, having knowledge of the English language, declare that this deed is drawn up in English

followed by a version in French at the request of the persons appearing, who, acting as stated above, stipulated that in
case of any discrepancy between the English version and the French version, the English version shall prevail.

In witness whereof, this deed was drawn up and passed in Luxembourg on the date first above stated.
After the deed was read to the persons appearing, the persons appearing declared to understand the scope and the

consequences and subsequently signed the original together with me, notary.

Suit la traduction française du texte qui précède:

L'an deux mille quatorze, le neuf octobre par-devant moi, Maître Francis Kesseler, notaire de résidence à Esch-sur-

Alzette, Grand-Duché de Luxembourg,

s'est tenue

l'assemblée générai extraordinaire de:
MicroVentures Finance Group S.A., une société anonyme de droit luxembourgeois, ayant son siège social au 18, rue

de l'Eau, L-1449 Luxembourg, inscrite au Registre de commerce et des sociétés, Luxembourg sous le numéro B 143388,
constituée suivant acte reçu par Maître Martine Schaeffer, notaire à Luxembourg, Grand-Duché de Luxembourg, le 5
décembre 2008, publié au Journal Officiel du Grand-Duché de Luxembourg, Mémorial C, Recueil des sociétés et asso-
ciations, n° 3036 du 30 décembre 2008, et dont les statuts ont été modifiés pour la dernière fois suivant acte reçu par
Maître Martine Schaeffer, préqualifiée, le 30 mai 2013, publié au Mémorial C, n° 1761 du 23 juillet 2013 (la «Société»).

L'assemblée a été présidée par Maître Aldo Schuurman, avocat, ayant son adresse professionnelle au cabinet Van

Campen Liem Luxembourg, 2, rue Heinrich Heine, L-1720 Luxembourg, et Maître Eleni Kokkinou, avocat, ayant son
adresse professionnelle au cabinet Van Campen Liem Luxembourg, 2, rue Heinrich Heine, L-1720 Luxembourg, a été
nommée secrétaire et scrutateur.

Les membres du bureau de l’assemblée sont connus personnellement de moi, notaire.
Les procurations données aux membres du bureau de l’assemblée ainsi que la liste de présence mentionnant les

actionnaires représentés et le nombre d'actions qu'ils détiennent sont paraphées ne varietur par les membres du bureau
et par moi, notaire, et sont annexées aux présentes.

Les comparants, agissant comme bureau de l’assemblée, ont constaté que:
- toutes les actions dans le capital social de la Société sont nominatives;
- la convocation de l’assemblée a été envoyée de la manière prévue par la loi et par les statuts de la Société, c'est-à-

dire par lettre recommandée aux actionnaires de celle-ci, le 24 septembre 2014;

- soixante-huit (68) actionnaires détenant dix-neuf millions deux cent soixante-douze mille cent trente-huit

(19.272.138) actions, qui représentent soixante-dix-sept et soixante-quinze pourcent (77,75 %) du capital social (sans
tenir compte des actions auto-détenues par la Société), sont présents ou représentés à l’assemblée,

et ont déclaré l’assemblée dûment constituée pour l’examen des questions.
Les membres du bureau de l’assemblée ont déclaré et m'ont requis, le notaire soussigné, d'acter ce qui suit:

Introduction

Le président de l’assemblée présente un projet de fusion établi par les conseils d'administration de la Société et

CreditAccess Asia N.V., anciennement dénommée: MicroVentures Asia B.V., une société de droit néerlandais, ayant son
siège statutaire et social au Mauritskade 55 1 C, 1092 AD Amsterdam, Pays-Bas, inscrite au Registre du commerce des

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U X E M B O U R G

Pays-Bas sous le numéro 60281758 (la «Société Néerlandaise»), publié au Mémorial C, n° 2404 du 8 septembre 2014 (le
«Projet de Fusion»).

Suite à la lecture du Projet de Fusion, le président de l’assemblée invite l’assistance à poser des questions et à faire

des observations et, en l’absence de questions et d'observations, le président de l’assemblée déclare que le moment est
venu de procéder à l’adoption de résolutions, selon l’ordre du jour suivant (tel que figurant dans la convocation):

1. Ouverture de la séance (y compris élection du président, du secrétaire et du scrutateur)
2. Appel nominal (y compris acceptation d'excuses en cas d'absence)
3. Fusion transfrontalière de la Société et CreditAccess Asia N.V. (anciennement dénommée: MicroVentures Asia B.V.)
4. Décharge des administrateurs
5. Reconnaissance de la nouvelle composition du conseil d'administration
6. Politique de rémunération pour les administrateurs
7. Divers
8. Clôture de l’assemblée

Résolutions

L'assemblée générale a décidé à l’unanimité:
1. d'approuver le Projet de Fusion et la fusion envisagée par celui-ci et de fusionner la Société et la Société Néerlandaise

conformément au Projet de Fusion, afin que la Société cesse d'exister et l’ensemble de son patrimoine actif et passif soient
transmis à la Société Néerlandaise à titre universel et de plein droit;

2. d'accorder décharge à tout administrateur de la Société de l’exercice de ses fonctions et de sa gestion de la Société

jusqu'à la date de l’assemblée, inclusivement;

3. de reconnaître que (a) avec effet à la fusion, le conseil d'administration de la Société Néerlandaise, qui résulte de

plein droit de l’approbation du Projet de Fusion, se composera comme suit: Paolo Brichetti en tant que Président-Di-
recteur Général, Diederik Legger et Wim Nienhuis en tant que Administrateurs Exécutifs et Koen Slobbe en tant que
Président et Roberto Grassi, Francesco Moccagatta, Marina Pittini, Evert Ludding et Giovanni Siccardo comme Adminis-
trateurs Non Exécutifs, et (b) ledit conseil d'administration quittera automatiquement ses fonctions à la prochaine
assemblée générale de la Société Néerlandaise et qu'une nouvelle procédure de nomination sera suivie à ce moment-là;
et

4. d'approuver la politique de rémunération du conseil d'administration de la Société Néerlandaise sous la forme mise

à la disposition des actionnaires de la Société en tant qu'annexe jointe à la convocation de la présente assemblée.

Attestation

Moi, notaire soussigné, j'atteste l’existence et la légalité du Projet de Fusion et l’accomplissement correct des actes et

des formalités préalables à la fusion incombant à la Société.

Moi, notaire soussigné ayant connaissance de la langue anglaise, je déclare que le présent acte est rédigé en anglais

suivi d'une version française à la demande des comparants, ceux-ci, agissant comme indiqué ci-avant, ont stipulé qu'en
cas de divergence entre la version anglaise et la version française, la version anglaise fera seule foi.

Dont acte, fait et passé à Luxembourg à la date qu'en tête des présentes.
Et après lecture de l’acte faite aux comparants, ceux-ci ont déclaré qu'ils comprennent la portée et les conséquences

et ont ensuite signé la présente minute avec moi, notaire.

Signé: Schuurman, Kokkinou, Kesseler.
Enregistré à Esch/Alzette, Actes Civils, le 13 octobre 2014. Relation: EAC/2014/13842. Reçu soixante-quinze euros

75,00 €.

Le Receveur (signé): Santioni A.

POUR EXPEDITION CONFORME.
Référence de publication: 2014160968/153.
(140182685) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 octobre 2014.

Avus Llorens S.A., Société Anonyme.

Siège social: L-8437 Steinfort, 66, rue de Koerich.

R.C.S. Luxembourg B 139.329.

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.
Référence de publication: 2014142588/9.
(140162389) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 septembre 2014.

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U X E M B O U R G

Apolis Sicav-SIF, Société Anonyme sous la forme d'une SICAF - Fonds d'Investissement Spécialisé.

Siège social: L-2180 Luxembourg, 5, rue Jean Monnet.

R.C.S. Luxembourg B 190.937.

STATUTES

In the year two thousand and fourteen, on the sixteenth day of September.
Before Maître Francis Kesseler, notary residing at 5, rue Zénon Bernard, L-4030 Esch-sur-Alzette Grand Duchy of

Luxembourg, undersigned.

THERE APPEARED:

- Achilleas Kontogouris, born on 27 January 1960 in Thessaloniki, Greece having his professional address at 15, Kar-

neadou str., 10675 Athens, Greece.

here represented by Mrs Sophie HENRYON, employee, having his professional address at 5, rue Zénon Bernard,

L-4030 Esch-sur-Alzette Grand Duchy of Luxembourg, by virtue of a proxy given under private seal, on 16 September
2014 (the “Party”).

The above mentioned proxy, being initialed ne varietur by the Party, and the undersigned notary, shall remain attached

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

The Party has, in the capacity of which it acts, requested the notary to draw up the following articles of association

(the “Articles of Association”) of a public limited company (“société anonyme”), the incorporation of which was approved
by the Party.

Art. 1. Form. There is hereby formed among the subscriber(s) and all persons who may become holder of shares

hereafter issued, a company (the “Company”) in the form of a public limited company (“société anonyme”), formed as
an investment company with variable capital (“SICAV”) and specialized investment fund (“Specialized Investment Fund”),
governed by the Articles of Association and by current Luxembourg laws, and notably by the law on commercial companies
of 10 August 1915, as amended (the “1915 Law”) and the law of 13 February 2007 on Specialized Investment Funds, as
amended (the “2007 Law”).

Art. 2. Name. The Company’s name is APOLIS SICAV-SIF.

Art. 3. Purpose. The Company’s exclusive object is the collective investment of its funds in assets in order to spread

the investment risks and to ensure for the investors the benefit of the results of the management of these assets according
to its investment objectives and policies in accordance with the provisions of the 2007 Law and applicable Luxembourg
Supervisory Authority’s (the “CSSF”) circulars.

The investment objectives and strategy of the Company are more fully described in the Company’s private placement

memorandum (the “Private Placement Memorandum”).

The Company may also enter into, assist or participate in any financial, commercial and other transactions, and in

particular, without limitation, grant any assistance, loans, advances or guarantees and raise money in any manner and
secure the repayment of any money borrowed from third parties or from its shareholders (the “Shareholders”).

In addition, the Company can perform all commercial, technical and financial operations, connected directly or indi-

rectly to all areas as described above in order to facilitate the accomplishment of its purpose to the full extent permitted
by the 2007 Law.

Art. 4. Registered Office. The registered office of the Company (the “Registered Office”) is established in the city of

Luxembourg, in the Grand Duchy of Luxembourg. If and to the extent permitted by law, the board of directors of the
Company (the “Board of Directors”) may decide to transfer the Registered Office within the municipality by a resolution
of the Board of Directors. The Board of Directors shall further have the right to set up branches, offices, administrative
centers and agencies wherever it shall deem fit, either within or outside of the Grand Duchy of Luxembourg.

Where the Board of Directors determines that extraordinary political, economical or social developments or events

have occurred or are imminent and that these developments or events would interfere with the normal activities of the
Company at the 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 circums-
tances. 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 company incorporated in the Grand Duchy of Luxembourg.

Art. 5. Duration. The Company is constituted for an unlimited duration.
The Company may be terminated at any time by a decision of the general meeting of Shareholders in the manner

required for the amendment of these Articles of Association.

The life of the Company does not come to an end upon the death, suspension of civil rights, bankruptcy or insolvency

of any Shareholders or members of the Board of Directors (each a “Director”).

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U X E M B O U R G

Art. 6. Share Capital. The initial share capital of the Company is set at thirty one thousand Euros (EUR 31,000) divided

into thirty-one (31) fully paid-up Company shares (the “Shares”), with no par value.

The minimum subscribed capital of the Company, which must be achieved within twelve (12) months as from the date

on which the Company has been authorized as a Specialized Investment Fund by the CSSF, shall be one million two
hundred fifty thousand Euros (EUR 1,250,000.-) as required by the 2007 Law (the “Minimum Capital”).

The capital of the Company shall at any time be equal to the total net assets of the Company as determined in

accordance with article twelve (12) hereafter.

Art. 7. The sub-funds and classes of Shares. The Company is a multi-compartment structure consisting of one or

several sub-funds, each one representing a specific portfolio of assets and liabilities. There is no cross liability between
sub-funds. Each sub-fund is invested in accordance with the investment objective and policy applicable to it. The investment
objective and policy as well as other specific features of each sub-fund will be set forth in the Private Placement Memo-
randum. The Board of Directors may decide to create at any time additional sub-funds or to close an existing sub-fund.

The Board of Directors may decide to issue, within each sub-fund, separate classes of shares, which may carry different

rights and obligations, inter alia with regard to their distribution policy and right to revenues, their fee structure, their
minimum initial subscription and holding amounts or their target investors. The specific features of the classes within each
sub-fund will be set forth in the Private Placement Memorandum. The Board of Directors may create at any time additional
classes or close an existing class. Series of class may be issued as further specified in the Private Placement Memorandum.

Art. 8. Shares’ form / Shareholder register. Shares will only be issued in registered form. All issued Shares shall be

registered in the Shareholder register. Such register shall contain the name and address of each Shareholder, the number
of Shares held by it and, if applicable, their date of transfer.

The Company will recognize only one holder in respect of each Share. In the event of joint ownership, the Company

may suspend the exercise of any right deriving from the relevant Share or Shares until one person shall have been
designated to represent the joint owners vis-à-vis the Company.

The registration of the Shareholder’s name in the register of Shares evidences its right of ownership over such regis-

tered Shares. The Shareholder shall receive a written confirmation of its shareholding. The Shareholder may, at any time,
change its address as entered in the Shareholder register by means of a written notification to the Company at its
Registered Office, or at such other address as may be set by the Company from time to time.

Fractions of Shares may be issued, up to two (2) decimal places.

Art. 9. Shareholders. The holding of Shares is exclusively restricted to well-informed investors as defined in the 2007

Law (the “Well-Informed Investors”).

The Board of Directors shall have the power to impose such restrictions as it may think necessary for the purpose

notably of ensuring that no Shares are acquired or held by:

(a) any person in breach of these Articles of Association, the Private Placement Memorandum, the law or requirement

of any country or governmental authority, or

(b) any person in circumstances which in the opinion of the Board of Directors might result in the Company incurring

any liability to taxation or suffering any other pecuniary disadvantage which the Company might not otherwise have
incurred or suffered.

For such purposes the Board of Directors may at its discretion and without liability:
a) decline to issue any Share and decline to register any transfer of a Share where it appears to it that such registration

or transfer would or might result in legal or beneficial ownership of such Share being held by a person who is precluded
from holding Shares;

b) at any time require any person whose name is entered in the Shareholder register to furnish it with any information,

supported by affidavit, which it may consider necessary for the purpose of determining whether or not legal or beneficial
ownership of such Shares rests or will rest in a person who is precluded from holding Shares; and

c) where it appears to the Company that any person, who is precluded from holding Shares is a legal or beneficial

owner of Shares or holds Shares, cause the Company compulsorily to repurchase from any such Shareholder all Shares
held by such Shareholder.

The Company may also, at its discretion and without liability, decline to accept the vote of any person who is precluded

from holding Shares at any meeting of Shareholders.

Specifically, the Company may restrict or prevent the direct or indirect ownership of Shares by any “US person”,

meaning a citizen or resident of the United States of America or of any of its territories or possessions or areas subject
to its jurisdiction.

Art. 10. Issue of Shares. Shares shall be issued during the initial and subsequent subscription period as further described

in the Private Placement Memorandum.

Following the initial subscription period, Shares shall in principle be issued at their respective net asset value unless

otherwise provided for in the Private Placement Memorandum (e.g in case of issue of series of Shares). In particular, the

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U X E M B O U R G

Board of Directors may decide to issue Shares at a certain amount (e.g. for the purposes of performance fee calculation)
which would be disclosed in the Private Placement Memorandum.

The Board of Directors may also decide that a subscription fee has to be paid as indicated in the Private Placement

Memorandum.

All Shares will be allotted immediately upon acceptance by the Board of Directors of each subscription and payment

must be received by the Company within the period of time indicated in the Private Placement Memorandum and if
payment is not received, the relevant allotment of Shares may be cancelled at the risk and cost of the Shareholder.
Payments should be made as indicated in the Private Placement Memorandum.

Payments in kind may be made and are subject to prior approval of the Board of Directors. Any payment in kind shall

be subject, if necessary, to the confirmation by an auditor’s special report of the valuation of the contribution in kind, the
costs of which shall be borne by the relevant Shareholder.

The Board of Directors reserves the right to accept or refuse any application of subscription for Shares in whole or

in part, in which case a notice of rejection will be mailed to the applicant and the subscription amount re-transferred as
indicated in the Private Placement Memorandum.

The issue of Shares of any sub-fund shall be suspended on any occasion when the calculation of the net asset value

thereof is suspended.

Art. 11. Transfer and conversion of Shares. A Shareholder may transfer Shares to the existing Shareholders or to any

third party solely with the prior written approval of the Board of Directors, and the Board of Directors may in its
discretion and without indicating any reason decline to approve or register such transfer.

No transfer of all or any part of any Shares, whether direct or indirect, voluntary or involuntary (including, without

limitation, to an affiliate or by operation of law), shall be valid or effective if:

a) the transfer would result in a violation of any law or regulation of Luxembourg, the US or any other jurisdiction

(including, without limitation, the United States Securities Act of 1933, any securities laws of the individual states of the
United States) or subject the Company or any sub-fund to any other adverse tax, legal or regulatory consequences as
determined by the Company;

b) the transfer would result in a violation of any term or condition of the Articles of Association or Private Placement

Memorandum;

c) the transfer would result in the Company being required to register as an investment company under the US

Investment Company Act; and;

It shall be a condition of any transfers that:
a) the transferee represents in a form acceptable to the Company that such transferee is a Well-Informed Investor,

and that the proposed transfer itself does not violate any laws or regulations (including, without limitation, any securities
laws) applicable to it;

b) the transferee undertakes to fully and completely assume all outstanding obligations of the transferor towards the

Company under the transferor's subscription agreement setting out the terms of the participation of the transferor in
the Company.

The Shareholder wishing to transfer its Shares will be responsible for all costs associated with any attempted or realized

transfer.

Unless otherwise provided for within the Private Placement Memorandum, Shares of a sub-fund may not be converted

for Shares in another sub-fund at the request of the Shareholders.

Art. 12. Net asset value. The net asset value of the Company shall be determined as often as the Board of Directors

may think useful, but in no event less than once a year. The frequency and way of calculation of the net asset value
calculation are further described in the Private Placement Memorandum.

The net asset value will be expressed in Euro and shall be determined by the Board of Directors on the basis of the

fair valuation of the underlying assets of the Company as provided by the Board of Directors on each valuation date by
aggregating the value of all assets of the Company and deducting all liabilities of the Company.

Art. 13. Suspension. The Board of Directors may temporarily suspend the calculation of the net asset value:
a) during any period when any of the principal stock exchanges or other markets on which a substantial portion of the

investments of the Company attributable to such sub-fund(s) from time to time is quoted or dealt in is closed otherwise
than for ordinary holidays, or during which dealings therein are restricted or suspended, provided that such restriction
or suspension affects the valuation of the investments of the Company or such sub-fund quoted thereon; or

b) during the existence of any political, economic, military or monetary state of affairs including (without limitation)

delays in settlement or registration of securities transactions, which constitutes an emergency in the opinion of the Board
of Directors as a result of which disposal or valuation of assets owned by the Company or any sub-fund(s) would be
impracticable or would materially prejudice to the interests of the holders of Shares or would, in the opinion of the Board
of Directors, prevent a fair price for the assets of the Company being calculated; or

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U X E M B O U R G

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

of the investments of such sub-fund or the current price or value on any market or stock exchange may not be determined
as rapidly and/or as accurately as required; or

d) during any period when the Company is unable to repatriate monies for the purposes of making payments on the

redemption of Shares or during which any transfer of monies involved in the realization or acquisition of investments or
payments due on the redemption of such Shares cannot in the opinion of the Board of Directors be effected at normal
prices or normal rates of exchange, or is rendered impracticable; or

e) during any period when the Board of Directors in its sole discretion determines that it is undesirable or impracticable

for the Company to value some or all of its assets or when the Board of Directors determines in good faith that such
suspension or extension is in the best interests of the Company; or

f) during any period when the Company is being liquidated or as from the date on which notice is given of a meeting

of Shareholders at which a resolution to liquidate the Company (or one of its sub-funds) is proposed; or

g) when for any other reasons the prices of any investments owned by the Company or any subfund(s) cannot be

reasonably, promptly or accurately ascertained.

The suspension of the calculation of the net asset value of any particular sub-fund and/or class shall have no effect on

the determination of the net asset value per Share of the relevant class or on the issue, redemption and conversion of
Shares of any class and/or sub-fund that is not suspended.

The suspension of the calculation of the net asset value and/or, where applicable, of the subscription, redemption and/

or conversion of Shares, shall be notified to the relevant persons through all means reasonably available to the Company,
unless the Board of Directors is of the opinion that a publication is not necessary considering the short period of the
suspension.

Such a suspension decision shall be notified to any Shareholders requesting redemption or conversion of their Shares.
The suspension period should in principle not exceed three (3) months otherwise the Board of Directors may decide

either to redeem Shares or to liquidate the Company at the best interests of the Shareholders.

Art. 14. Shares’ redemption. The Company is an open-ended Specialized Investment Fund. However, the Board of

Directors may decide, depending on the investment strategy and objectives of each sub-fund to launch closed-ended sub-
funds.

Redemptions will be made in accordance with the principles set forth in the Private Placement Memorandum for each

sub-fund.

The Board of Directors may also decide that a redemption fee has to be paid as indicated in the Private Placement

Memorandum.

Shareholders wishing to have all or any of their Shares redeemed (where possible) at the redemption price on a

valuation date, should deliver to the registered office of the Company or the office of the central administration and
paying agent before the relevant cut-off time indicated in the Private Placement Memorandum, the written request for
redemption in the prescribed form duly signed. Redemptions received before that cut-off time will be dealt with on the
basis of the relevant net asset value established on the relevant valuation date. Redemption requests received after that
cut-off time will be dealt with on the basis of the net asset value of the next valuation date. In all cases, the decision to
redeem Shares shall be irrevocable, except under exceptional circumstances and subject to the prior approval of the
Board of Directors and of the concerned Shareholder.

The payment of the redemption price may be made in cash or consideration in kind at the Board of Directors’ request,

subject however to the prior approval of the concerned Shareholders. The allotment of Company’s assets in respect of
redemption for consideration in kind shall be fair and not detrimental to the interests of the other Shareholders of the
Company. Any redemption for consideration in kind shall be subject, if necessary, to the confirmation by an auditor’s
special report of the valuation of the Company and of the Company’s assets to be allocated, the costs of which shall be
borne by the Company.

Any redemption request which would reduce the value of a Shareholder's holding below the minimum holding amount

as stipulated in the Private Placement Memorandum may be treated, at the discretion of the Board of Directors, as a
request for the redemption of the Shareholder's entire holding. However, Shareholders will not be required to redeem
their entire holding if the value of that holding has declined to less than the minimum holding amount as a result of a
decline in the net asset value per Share of the relevant class and series.

All redeemed Shares or fractions thereof shall be automatically cancelled.
If, following redemption requests, it is necessary on a given valuation date to redeem more than the percentage

indicated in the Private Placement Memorandum of the Shares of any given sub-fund, the Board of Directors may decide
that part or all of redemptions within that sub-fund be deferred until the next valuation date. When the net asset value
is next calculated, redemption applications that have been deferred will have priority over redemption applications re-
ceived for that particular valuation date.

The Board of Directors may decide to compulsorily redeem Shares wholly or in part in the following circumstances:

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U X E M B O U R G

a) The Shares are held by Shareholders not authorized to buy or own Shares in the Company, e.g. a Shareholder that

no longer qualifies as Well-Informed Investors or such Shareholder (or an affiliate of the same) that becomes a US person
as referred to in the Private Placement Memorandum;

b) In the event that a Shareholder is declared bankrupt, enters into an arrangement for the benefit of its creditors or

goes into liquidation;

c) In case of liquidation or merger of sub-funds or classes of Shares;
d) If Shareholders transfer Shares to other entities without the Board of Directors’ knowledge, e.g. heritage, pledge;
e) In all other circumstances as the Board of Directors may deem appropriate if in the interest of the Company.
Redemption prices shall be calculated according to the principles laid down in the Private Placement Memorandum.

Except in the case c) above, the Board of Directors may impose such penalty as it deems fair and appropriate.

The payment of the redemption price may be made in cash or consideration in kind at the Board of Directors’ request,

subject however to the prior approval of the concerned Shareholders. The allotment of Company’s assets in respect of
redemption for consideration in kind shall be fair and not detrimental to the interests of the other Shareholders. Any
redemption for consideration in kind shall be subject, if necessary, to the confirmation by an auditor’s special report of
the valuation of the Company and of the Company’s assets to be allocated, the costs of which shall be borne by the
Company.

All redeemed Shares or fractions thereof shall be automatically cancelled.

Art. 15. Board of Directors. The Company will be managed by the Board of Directors, composed of not less than

three (3) Directors. The Directors need not be Shareholders.

The Directors shall be elected by the Shareholders at their annual general meeting for a period not exceeding six (6)

years and shall hold office until their successor are elected. A Director may be removed with or without cause and
replaced at any time by resolution adopted by the Shareholders.

In the event of vacancy in the office of Director because of death, retirement or otherwise, the remaining Directors

may meet and elect, by majority of vote, a Director to fill such vacancy until the next meeting of the Shareholders.

Art. 16. Chairman. The Board of Directors shall elect from among its members a chairman (the “Chairman”) and may

choose from among its members one or more vice-chairmen (each a “Vice-Chairman”). It may also choose a secretary,
who needs not to be a Director, who shall be responsible for keeping the minutes of the meetings of the Board of
Directors and of the Shareholders. The Board of Directors shall meet upon call by the Chairman, or two Directors, at
the place indicated in the notice of meeting.

The Chairman shall preside at all meetings of Shareholders or in his absence or inability to act, the Vice-Chairman or

another Director appointed by the Board of Directors shall preside as chairman pro-tempore, or in their absence or
inability to act, the Shareholders may appoint another Director or an officer of the Company as chairman pro tempore
by vote of the majority of Shares present or represented at any such meeting.

The Chairman shall preside at all meetings of the Board of Directors, or in his absence or inability to act, the Vice-

Chairman or another Director appointed by the Board of Directors shall preside as chairman pro-tempore.

The Board of Directors shall from time to time appoint any officer or agent of the Company considered necessary for

the operation and management of the Company, who need not be Directors or Shareholders. Any such appointment
may be revoked at any time by the Board of Directors. The officers appointed unless otherwise stipulated in these Articles
of Association, shall have the power and duties granted to them by the Board of Directors.

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

in advance of the hour set for such meeting, except in case of emergency, in which case the nature of such circumstances
shall be set forth in the notice of meeting. This notice may be waived by the consent in writing or by e-mail, telefax or
any other similar or electronic communication means from each Director. Separate notice shall not be required for
meetings held at times and places set out in a schedule previously adopted by resolution of the Board of Directors.

Any Director may act at any meeting of the Board of Directors by appointing another Director as his proxy, which

appointment shall be in writing or by e-mail, telefax or any other similar or electronic communication means.

Directors may also assist at board meetings and board meetings may be held by telephone link or telephone conference,

provided that the vote is confirmed in writing or by e-mail, telefax or any other similar or electronic communication
means. The Directors may only act at duly convened meetings of the Board of Directors. Directors may not bind the
Company by their individual acts, except as specifically permitted by resolution of the Board of Directors.

The Board of Directors can deliberate or act with due authority if at least a majority of the Directors is present or

represented at such meeting. Decisions shall be taken by a majority of the votes of the Directors present or represented
at such meeting, the Chairman having a casting vote.

Resolutions signed by all members of the Board of Directors will be as valid and effectual as if passed at a meeting duly

convened and held. Such signatures may appear on a single document or multiple copies of an identical resolution and
may be evidenced by facsimile or any other similar or electronic communication means. The date of such a resolution
shall be the date of the last signature.

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U X E M B O U R G

Art. 17. Minutes. The minutes of any meeting of the Board of Directors shall be signed by the Chairman or, in his

absence, by the chairman pro-tempore who presided at such meeting or by two (2) Directors.

Copies or extracts of such minutes which are to be produced in judicial proceedings or otherwise, shall be signed by

the Chairman or by the chairman pro-tempore of that meeting, or by two (2) Directors or the secretary.

Art. 18. Power. The Board of Directors is vested with the broadest powers to perform all acts of administration,

disposition and execution in the Company’s interest. All powers not expressly restricted by law or by the Articles of
Association to the general meeting of Shareholders fall within the competence of the Board of Directors.

Art. 19. Delegation of Power. The Board of Directors may delegate its powers to conduct the daily management and

affairs of the Company (including the right to act as authorized signatory for the Company) and its powers to carry out
acts in furtherance of the corporate policy and purpose to one or several physical persons or corporate entities, which
need not be Directors, who shall have the powers determined by the Board of Directors and who may, if the Board of
Directors so authorizes, sub-delegate their powers.

The Board may also confer special powers of attorney by notarial or private proxy.
The Board may further decide to create either at the level of the Company or for a specific sub-fund any committee

the members of which need not be Directors. The Board shall organize such committee functioning and determine the
powers of their members as further described in the Private Placement Memorandum.

Art. 20. Conflicts of Interest. 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 or agent or daily manager
or employee of the Company is interested in, or is a director, associate, officer, agent, daily manager or employee of such
other company or firm. Any Director, officer, agent, daily manager or employee of the Company who serves as a director,
officer, agent, daily manager or employee of 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 prevented from considering
and voting or acting upon any matters with respect to such contract or other business.

In the event that any Director, officer, agent, daily manager or employee of the Company may have, in any transaction

of the Company, an interest opposite to the interests of the Company, such Director, officer, agent, daily manager or
employee shall make known to the Board of Directors such opposite interest and shall not consider or vote on any such
transaction, and such transaction and such Director's, officer’s, agent’s, daily manager’s or employee’s interest therein
shall be reported to the next succeeding general meeting of Shareholders.

The term “opposite interest”, as used in the preceding sentence, shall not include any relationship with or interest in

any matter, position or transaction involving any person, company or entity as may from time to time be determined by
the Board of Directors in its discretion.

Art. 21. Signature. The Company shall be bound by the joint signature of any two (2) Directors or by the individual

signature(s) of any duly authorized Director or officer, or agent or daily manager of the Company or by the individual
signature of the Chairman or any other person(s) to whom authority has been delegated by the Board of Directors.

Art. 22. Indemnification. The Company will indemnify, out of its assets only, the managers, officers, employees and

agents of the Company, the Board of Directors and any appointed investment manager (the “Investment Manager”) for
any claims, damages and liabilities to which they may become subject because of their status as managers, officers, em-
ployees or agents of the Company, the Board of Directors, or the Investment Manager, or by reason of any actions taken
or omitted to be taken by them in connection with the Company. The foregoing right of indemnification shall not exclude
other rights to which they may be entitled.

No indemnity shall be provided to the managers, officers, employees and agents of the Company, the Board of Di-

rectors and the Investment Manager for losses sustained (a) by reason of willful misfeasance, bad faith, negligence or
reckless disregard of the duties involved in the conduct of their office; (b) where they shall have been finally adjudicated
not to have acted in good faith and in the reasonable belief that their action was in the best interests of the Company;
and/or (c) in the event of a settlement, unless there has been a suitable determination that such manager, officer, employee,
agent of the Company, the Board of Directors or the Investment Manager did not engage in willful misfeasance, bad faith,
negligence or reckless disregard of the duties involved in the conduct of his office.

Art. 23. General meetings of Shareholders. The general meeting of Shareholders shall represent the entire body of

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

If all Shareholders are present or represented at the general meeting and state that they have been duly informed of

the agenda of the meeting, the general meeting may be held without prior notice.

The general meeting of Shareholders shall meet upon call by the Board of Directors. It may also be called upon the

written request of Shareholders representing at least one tenth (1/10) of the Shares.

Upon request of Shareholders representing at least one tenth (1/10) of the Shares, one or more new items shall be

added to the agenda of any general meeting of Shareholders. Such demand shall be addressed to the Registered Office
by registered mail at least five (5) days before such meeting.

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U X E M B O U R G

The annual general meeting of Shareholders shall be held in accordance with Luxembourg law at the Registered Office

or elsewhere as may be specified in the notice of meeting at 2 p.m. (Luxembourg time) on the last Monday of May each
year. The first annual general meeting of Shareholders shall be held on Monday 07 March 2016.

If such day is a legal or bank holiday in Luxembourg, the annual general meeting of Shareholders shall be held on the

next banking day.

Other meetings of Shareholders, including meetings of Shareholders of one specific sub-fund or class of shares, may

be held at such places and times as may be specified in the respective notices of meeting.

The quorum and time-limits provided by law shall govern the convening notices and the conduct of the general meetings

of Shareholders unless otherwise provided herein.

Any Shareholder may participate in a general meeting of Shareholders by video conference, or by conference call or

similar means of communication equipment which enables his/her identification and participating in a meeting by such
means shall constitute presence in person at such meeting. The means of communication used must allow all the persons
taking part in the meeting to hear one another on a continuous basis and must allow an effective participation of all such
persons in the meeting. The Board of Directors may determine all other conditions that must be fulfilled by Shareholders
in order to attend any general meeting of Shareholders.

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

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

Each whole Share is entitled to one vote, in compliance with Luxembourg law and these Articles of Association. A

Shareholder may act at any meeting of Shareholders by giving a proxy to another person in writing or by facsimile
transmission or any other similar or electronic communication means, who need not be a Shareholder and who may be
a Director.

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

votes validly cast, unless the item to be resolved upon relates to an amendment of the Articles of Association, in which
case the resolution will be passed with a majority of the two thirds (2/3) of the votes validly cast.

Art. 24. Financial Year. The Company’s financial year begins on 1

January and closes on 31

December of the same

year. The first financial year of the Company shall begin on the date of its incorporation and end on 31 December 2015.

Art. 25. Accounts. Each year, the Board of Directors will draw up the annual accounts of the Company. The annual

accounts shall be approved by the annual general meeting of Shareholders upon proposal of the Board of Directors. The
accounts shall be expressed in Euro.

Art. 26. Supervision. The operations of the Company and its financial situation shall be supervised by one independent

auditor qualifying as a “réviseur d’entreprises agree” who shall be appointed by the Shareholders. The independent auditor
shall be remunerated by the Company and shall remain in office until its successor is appointed. The independent auditor
shall fulfill all duties prescribed by the 2007 Law.

Art. 27. Distribution. Subject to permitted reinvestments, and the requirements of Luxembourg law, distributions shall

be payable by the Company on its Shares upon decision by the Board of Directors in accordance with the Private Pla-
cement Memorandum.

No distribution may be made if after the declaration of such distribution the net asset value of the Company would

fall below the Minimum Capital.

Dividends not claimed within six (6) years of their due date will lapse and revert to Company.

Art. 28. Depositary. The Company shall enter into a depositary agreement with a financial institution, which shall satisfy

the requirements of the 2007 Law. The depositary shall assume towards the Company and the Shareholders the res-
ponsibilities set out the depositary agreement, the 2007 Law and any other applicable law.

In the event of termination of the depositary agreement or the resignation of the depositary, the Board of Directors

shall use its best endeavors to find a financial institution to act as depositary and upon doing so the Board of Directors
shall appoint such financial institution to be depositary in place of the former depositary.

Art. 29 Other contractual parties. The Company may enter into an investment advisory agreement in order to be

advised and assisted while managing its portfolio, as well as enter into investment management agreements with one or
more fund managers. In addition the Company may enter into service agreements with other contractual parties, for
example an administrative, registrar and transfer agent.

Art. 30. Liquidation. In the event of dissolution of the Company, liquidation shall be carried out by one or several

liquidators (whether natural persons or legal entities) named pursuant to a general meeting of Shareholders effecting such
dissolution, in accordance with and subject to the provisions of the 1915 Law, and at which meeting the liquidators’
powers and compensation shall be determined. The operations of liquidation will be carried out pursuant to Luxembourg
law.

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U X E M B O U R G

The net proceeds of liquidation in respect of each sub-fund or, as the case may be, of each class within each sub-fund,

shall be distributed by the liquidators to the Shareholders of the relevant class in proportion to their holding of such
Shares in such sub-fund or class, and whether such proceeds shall be distributed in cash or kind.

If the Company’s Share capital (i.e. the aggregate of all sub-funds) falls below two-thirds (2/3) of the Minimum Capital,

the Board of Directors must submit a proposal for the Company’s termination to a general meeting of Shareholders for
deliberation. No quorum requirements will be applied; winding-up may be pronounced by a simple majority of the validly
cast votes.

If the Company’s Share capital falls below one quarter (1/4) of the Minimum Capital, the Board of Directors must

submit a proposal for the Company’s termination to the general meeting of Shareholders for deliberation. No quorum
requirements will be applied; winding-up may be pronounced by the Shareholders owning one quarter (1/4) of the validly
cast votes.

The aforesaid meetings shall be convened within forty (40) days of the date at which it was ascertained that the net

assets fell below two-thirds or one quarter (1/4) of the Minimum Capital, respectively. Moreover, the Company may be
terminated by resolution of the general meeting of Shareholders.

The resolutions of the general meeting of Shareholders or of a court of law pronouncing the termination and winding-

up of the Company are to be published in the Mémorial and in two (2) newspapers with sufficiently wide circulation, at
least one of which must be a Luxembourg newspaper. The choice of which newspapers are to carry the publication is
made at the discretion of the liquidator(s).

The amounts that have not been claimed by the Shareholders or their beneficiaries at the close of liquidation shall be

held by the Company’s depositary for a period not exceeding six (6) months as of such date. After this period, the assets
shall be deposited with the “Caisse de Consignation” in Luxembourg.

Art. 31. Termination, liquidation and merger of sub-funds or classes of shares. The Board of Directors may decide to

close one or more classes or sub-funds if the net asset value of a sub-fund or of a class has decreased to, or has not
reached, an amount determined by the Board of Directors to be the minimum level for such sub-fund, or such class of
Shares, to be operated in an economically efficient manner or if a change in the economic or political situation relating
to the sub-fund or class concerned would justify such liquidation or if necessary in the interest of the Shareholders.

In such event, the assets of the sub-fund or class will be realized, the liabilities discharged and the net proceeds

distributed to Shareholders in proportion to their holding of Shares in that sub-fund or class. Notice of the termination
of the sub-fund or class will be given in writing to the Shareholders and/or will be published in a Luxembourg newspaper
or elsewhere, if required by law.

The amounts that have not been claimed by the Shareholders or their beneficiaries at the close of liquidation of a class

or sub-fund shall be held by the Company’s depositary for a period not exceeding six (6) months as of such date. After
this period, the assets shall be deposited with the “Caisse de Consignation” in Luxembourg.

Unless otherwise decided in the interest of, or in order to ensure equal treatment of Shareholders, the Shareholders

of the relevant sub-fund or class of Shares may continue to request the redemption or the conversion of their shares,
free of any redemption and conversion charges (except disinvestment costs) prior the effective date of the liquidation.
Such redemption or conversion will then be executed by taking into account the liquidation costs and expenses related
thereto.

A sub-fund or class may be merged with another sub-fund or class of another sub-fund by decision of the Board of

Directors if for any reason the value of the total net assets in any sub-fund or the net assets value of any class of Shares
within a sub-fund has decreased to, or has not reached, an amount determined by the Board of Directors to be the
minimum level for such sub-fund, or such class of Shares, to be operated in an economically efficient manner or if a change
in the economic or political situation relating to the sub-fund or class concerned would justify such merger or if necessary
in the interests of the Shareholders or the Company. Notice of the merger will be given in writing to Shareholders at
least one (1) month before the entry into effect of such merger.

Art. 32. Applicable Law. Reference is made to the provisions of the 1915 Law and the 2007 Law for which no specific

provision is made in these Articles of Association.

Art. 33. Definitions and Interpretation. References to articles are to the articles of these Articles of Association. Words

importing gender include each gender. References to persons include bodies corporate, firms and unincorporated asso-
ciations. The singular includes the plural and vice versa. Headings of articles are included for convenience only and do
not affect their interpretation. References to all or any part of any statute or statutory instrument include any statutory
amendment, modification or re-enactment in force from time to time and references to any statute include any statutory
instrument or regulations made under it. Any reference to the Company, the Board of Directors, agents, etc, includes a
reference to its or their duly authorized agents or delegates.

Transitional measures

Exceptionally, the first financial year shall begin on the date hereof and end on 31

December 2015.

The first annual general meeting shall be held on Monday 07 March 2016.

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U X E M B O U R G

Subscription and Payment

The initial capital of the Company amounts to thirty one thousand Euros (EUR 31,000.-) and has been subscribed as

follows:

Mr Achilleas Kontogouris: thirty-one (31) shares.
The subscribed capital has been fully paid up in cash. The result is that as of now the company has at its disposal the

sum of thirty-one thousand Euros (EUR 31,000.-) as was certified to the notary executing this deed.

Statement

The notary executing this notarial deed declares that he has verified the conditions laid down in the 1915 Law, and

confirms that these conditions have been observed.

Estimate of formation expenses

The appearing parties declare that the expenses, costs and fees or charges of any kind whatsoever, which fall to be

paid by the Company as a result of its incorporation amount approximately to EUR 3,000.-. The costs will be amortized
on a period not exceeding the five first accounting years.

General meeting of the sole Shareholder

The above-named person, representing the entire subscribed capital has immediately proceeded to an extraordinary

general meeting.

Having first verified that it was regularly constituted, the meeting has passed the following resolutions:

First resolution:

The following persons are elected as member of the Board of Directors for a period ending at the annual general

meeting of Shareholders to be held in 2016:

- Achilleas Kontogouris, born on 27 January 1960 in Thessaloniki, Greece having his professional address at 15, Kar-

neadou str., 10675 Athens, Greece.

- George Liaskas, born on 24 January 1962 in Athens, Greece having his professional address at 15, Karneadou str.,

10675 Athens, Greece;

- Christophe Langue, born on 19 March 1969 in Arlon, Belgium having his professional address at 5, rue Jean Monnet,

L-2180 Luxembourg;

Second resolution:

The Registered Office is set at 5, rue Jean Monnet, L-2180 Luxembourg.

Third resolution:

Has been elected as approved statutory auditor (réviseur d’entreprise agréé) until the annual general meeting of

Shareholders to be held in 2016:

PricewaterhouseCoopers, Société cooperative
B.P. 1443
400, route d’Esch
L-1014 Luxembourg
The undersigned notary, who understands and speaks English, states herewith that on request of the above appearing

person, the present deed is worded in English only.

Whereof, the present notarial deed was drawn up in Esch/Alzette, on the day named at the beginning of this document.
The document having been read to the person appearing, known to the notary by surname, name, civil status and

residence, the said person appearing signed together with the notary the present deed.

Signé: Henryon, Kesseler.
Enregistré à Esch/Alzette, Actes Civils le 18 septembre 2014. Relation: EAC/2014/12554. Reçu soixante-quinze euros

75,00 €.

Le Receveur ff. (signé): Halsdorf.

POUR EXPEDITION CONFORME.
Référence de publication: 2014159500/496.
(140181506) Déposé au registre de commerce et des sociétés de Luxembourg, le 14 octobre 2014.

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U X E M B O U R G

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

(anc. Ludo S.A.).

Siège social: L-1260 Luxembourg, 9, rue de Bonnevoie.

R.C.S. Luxembourg B 80.935.

In the year two thousand and fourteen, on the eight day of October,
before Us, Maître Francis Kesseler, notary residing in Esch-sur-Alzette, Grand Duchy of Luxembourg,

was held

an extraordinary general meeting of the shareholders (the Meeting) of LUDO S.A., a public limited liability company

(société anonyme) incorporated and organised under the laws of Luxembourg, having its registered office at 9, rue de
Bonnevoie, L-1260 Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number
B 80935, incorporated pursuant to a deed enacted by Maître Gérard Lecuit, notary residing in Luxembourg, on February
13, 2001, published in the Mémorial C, Recueil des Sociétés et Associations under number 847 on October 5, 2001 (the
Company). The articles of association of the Company have been amended since and the last time on December 21, 2001
pursuant to a deed enacted by Maître Gérard Lecuit, above mentioned, published in the Mémorial C, Recueil des Sociétés
et Associations under number 727 on May 3, 2002.

The Meeting is chaired by Ms. Claudia Rouckert, employee, with professional address in Esch-sur-Alzette.
The chairman appointed as secretary, Mrs. Brigitte Martin, employee, with professional address in Esch-sur-Alzette.
The Meeting elected as scrutineer, Mrs. Maria Santiago De Sousa, employee, with professional address in Esch-sur-

Alzette.

The chairman, the secretary and the scrutineer are collectively referred to as the Board of the Meeting.
The Board of the Meeting having thus been constituted, the chairman declares and request the notary to record that:
I The shareholders of the Company (the Shareholders) present or represented and the number of their shares are

shown on an attendance list. Such list and proxies, signed ne varietur by the Board of the Meeting and the undersigned
notary, shall remain attached to the present minutes;

II As appears from the attendance list, that all the one hundred thousand three hundred and ten shares, representing

the entire share capital of the Company are represented at the present Meeting so that the Meeting can validly deliberate
and decide on all the items of the agenda of which the participants have been beforehand informed;

III The agenda of the Meeting is as follows:
1. waiver of the convening notices;
2. change of the Company’s legal form from a public limited liability company (société anonyme) into a private limited

liability company (société à responsabilité limitée);

3. subsequent amendment and full restatement of the articles of association of the Company in order to reflect the

above changes;

4. dismissal of the directors of the Company under SA form; appointment of the same as managers of the Company

for an undetermined period;

5. dismissal of the commissaire aux comptes of the Company;
6. amendment of the books and registers of the Company in order to reflect the above changes with power and

authority to any manager of the Company, acting individually, to proceed on behalf of the Company with the registration
of the above resolutions in the register of shareholders of the Company; and

7. miscellaneous.
IV Now, therefore, the Meeting has requested the undersigned notary to record the following resolutions:

First resolution

The Meeting resolves to waive the convening notices, the shareholders of the Company considering themselves duly

convened and having perfect knowledge of the agenda which has been communicated to them in advance.

Second resolution

The Meeting resolves to change the legal form of the Company without discontinuance from its current legal form as

a public limited liability company (société anonyme) to change into a private limited liability company (société à respon-
sabilité limitée). It furthermore decides to change the denomination into LUDO S.à r.l., the share capital and purpose of
the Company remaining unchanged.

As a result of the said transformation of the legal form of the Company into a private limited liability company (société

à responsabilité limitée), the one hundred thousand three hundred and ten (100,310) shares (actions) shall be exchanged
against the same number of new shares (parts sociales).

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Third resolution

As a consequence of the above resolutions, the Meeting resolves to fully restate the articles of association of the

Company which shall henceforth be reworded as follows:

I. “Name - Registered office - Object - Duration

Art. 1. Name. The name of the company is “LUDO S.à r.l.” (the Company). The Company is a private limited liability

company (société à responsabilité limitée) governed by the laws of the Grand Duchy of Luxembourg and, in particular,
the law of August 10, 1915, on commercial companies, as amended (the Law), and these articles of association (the
Articles).

Art. 2. Registered office.
2.1 The registered office of the Company is established in the city of Luxembourg, Grand Duchy of Luxembourg. It

may be transferred within the municipality by a resolution of the board of managers (the Board). The registered office
may be transferred to any other place in the Grand Duchy of Luxembourg by a resolution of the shareholders, acting in
accordance with the conditions prescribed for the amendment of the Articles.

2.2 Branches, subsidiaries or other offices may be established in the Grand Duchy of Luxembourg or abroad by a

resolution of the Board. Where the Board determines that extraordinary political or military developments or events
have occurred or are imminent and that these developments or events may 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 regis-
tered office may be temporarily transferred abroad until the complete cessation of these circumstances. Such temporary
measures have no effect on the nationality of the Company, which, notwithstanding the temporary transfer of its registered
office, remains a Luxembourg incorporated company.

Art. 3. Corporate object.
3.1 The corporation may carry out any commercial, industrial or financial operations, any transactions in respect of

real estate or moveable property, which the corporation may deem useful to the accomplishment of its purposes.

3.2 The corporation may furthermore carry out all transactions pertaining directly or indirectly to the acquiring of

participating interests in any enterprises in whatever form and the administration, management, control and development
of those participating interests.

3.3 In particular, the corporation may use its funds for the establishment, management, development and disposal of

a portfolio consisting of any securities and patents of whatever origin, and participate in the creation, development and
control of any enterprise, the acquisition, by way of investment, subscription, underwriting or option, of securities and
patents, to realize them by way of sale, transfer, exchange or otherwise develop such securities and patents, grant to
companies in which the corporation has a participating interest, any support, loans, advances or guarantees.

Art. 4. Duration.
4.1 The Company is formed for an unlimited duration.
4.2 The Company is not to be dissolved by reason of the death, suspension of civil rights, incapacity, insolvency,

bankruptcy or any similar event affecting one or several shareholders.

II. Capital - Shares

Art. 5. Capital.
5.1 The share capital is set at ten million and thirty-one thousand euro (EUR 10,031,000.-), represented by one hundred

thousand three hundred and ten (100,310) shares, with a par value of one hundred euro (EUR 100) each all subscribed
and fully paid-up.

5.2 The share capital may be increased or decreased in one or several times by a resolution of the shareholders, acting

in accordance with the conditions prescribed for the amendment of the Articles.

Art. 6. Shares.
6.1 The shares are indivisible and the Company recognises only one (1) owner per share.
6.2 Shares are freely transferable among shareholders.
Where the Company has a sole shareholder, shares are freely transferable to third parties.
Where the Company has more than one shareholder, the transfer of shares (inter vivos) to third parties is subject to

the prior approval of the shareholders representing at least three-quarters of the share capital.

A share transfer is only binding upon the Company or third parties following a notification to, or acceptance by, the

Company in accordance with article 1690 of the Civil Code.

6.3 A register of shareholders is kept at the registered office and may be examined by each shareholder upon request.
6.4 The Company may redeem its own shares provided that the Company has sufficient distributable reserves for that

purpose or if the redemption results from a reduction of the Company’s share capital.

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III. Management - Representation

Art. 7. Appointment and removal of managers.
7.1 The Company is managed by the Board, appointed by a resolution of the shareholders, which sets the term of

their office. The managers need not be shareholders.

7.2 The managers may be removed at any time (with or without cause) by a resolution of the shareholders.

Art. 8. Board.
8.1 Powers of the Board
8.1.1 All powers not expressly reserved to the shareholder(s) by the Law or the Articles fall within the competence

of the Board, who has all powers to carry out and approve all acts and operations consistent with the corporate object.

8.1.2 Special and limited powers may be delegated for specific matters to one or more agents by the Board.
8.2 Procedure
8.2.1 The Board meets upon the request of any manager, at the registered office of the Company or at the place

indicated in the convening notice, which in principle, is in Luxembourg.

8.2.2 Written notice of any meeting of the Board is given to all managers at least twenty-four (24) hours in advance,

except in case of emergency, the nature and circumstances of which are set forth in the notice of the meeting.

8.2.3 No notice is required if all members of the Board are present or represented and if they state to have full

knowledge of the agenda of the meeting. Notice of a meeting may also be waived by a manager, either before or after a
meeting. Separate written notices are not required for meetings that are held at times and places indicated in a schedule
previously adopted by the Board.

8.2.4 A manager may grant a power of attorney to any other manager in order to be represented at any meeting of

the Board.

8.2.5 The Board can validly deliberate and act only if a majority of its members is present or represented. Resolutions

of the Board are validly taken by a majority of the votes of the managers present or represented. The resolutions of the
Board are recorded in minutes signed by the chairman of the meeting or, if no chairman has been appointed, by all the
managers present or represented.

8.2.6 Any manager may participate in any meeting of the Board by telephone or video conference or by any other

means of communication allowing all the persons taking part in the meeting to identify, hear and speak to each other.
The participation by these means is deemed equivalent to a participation in person at a meeting duly convened and held.

8.2.7 Circular resolutions signed by all the managers (the Managers Circular Resolutions), are valid and binding as if

passed at a Board meeting duly convened and held and bear the date of the last signature.

8.3 Representation
8.3.1 The Company is bound towards third parties in all matters by the joint signature of any two (2) managers.
8.3.2 The Company is also bound towards third parties by the signature of any persons to whom special powers have

been delegated.

Art. 9. Sole manager.
9.1 If the Company is managed by a sole manager, any reference in the Articles to the Board or the managers is to be

read as a reference to such sole manager, as appropriate.

9.2 The Company is bound towards third parties by the signature of the sole manager.
9.3 The Company is also bound towards third parties by the signature of any persons to whom special powers have

been delegated.

Art. 10. Liability of the managers. The managers may not, by reason of their mandate, be held personally liable for any

commitments validly made by them in the name of the Company, provided such commitments comply with the Articles
and the Law.

IV. Shareholder(s)

Art. 11. General meetings of shareholders and shareholders circular resolutions.
11.1 Powers and voting rights
11.1.1 Resolutions of the shareholders are adopted at a general meeting of shareholders (the General Meeting) or by

way of circular resolutions (the Shareholders Circular Resolutions).

11.1.2 Where resolutions are to be adopted by way of Shareholders Circular Resolutions, the text of the resolutions

is sent to all the shareholders, in accordance with the Articles. Shareholders Circular Resolutions signed by all the sha-
reholders are valid and binding as if passed at a General Meeting duly convened and held and bear the date of the last
signature.

11.1.3 Each share entitles to one (1) vote.
11.2 Notices, quorum, majority and voting procedures

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11.2.1 The shareholders are convened to General Meetings or consulted in writing at the initiative of any manager or

shareholders representing more than one-half of the share capital.

11.2.2 Written notice of any General Meeting is given to all shareholders at least eight (8) days in advance of the date

of the meeting, except in case of emergency, the nature and circumstances of which are set forth in the notice of the
meeting.

11.2.3 General Meetings are held at such place and time specified in the notices.
11.2.4 If all the shareholders are present or represented and consider themselves as duly convened and informed of

the agenda of the meeting, the General Meeting may be held without prior notice.

11.2.5 A shareholder may grant a written power of attorney to another person, whether or not a shareholder, in

order to be represented at any General Meeting.

11.2.6 Resolutions to be adopted at General Meetings or by way of Shareholders Circular Resolutions are passed by

shareholders owning more than one-half of the share capital. If this majority is not reached at the first General Meeting
or first written consultation, the shareholders are convened by registered letter to a second General Meeting or consulted
a second time and the resolutions are adopted at the General Meeting or by Shareholders Circular Resolutions by a
majority of the votes cast, regardless of the proportion of the share capital represented.

11.2.7 The Articles are amended with the consent of a majority (in number) of shareholders owning at least three-

quarters of the share capital.

11.2.8 Any change in the nationality of the Company and any increase of a shareholder’s commitment in the Company

require the unanimous consent of the shareholders.

Art. 12. Sole shareholder.
12.1 Where the number of shareholders is reduced to one (1), the sole shareholder exercises all powers conferred

by the Law to the General Meeting.

12.2 Any reference in the Articles to the shareholders and the General Meeting or to Shareholders Circular Resolutions

is to be read as a reference to such sole shareholder or the resolutions of the latter, as appropriate.

12.3 The resolutions of the sole shareholder are recorded in minutes or drawn up in writing.

V. Annual accounts - Allocation of profits - Supervision

Art. 13. Financial year and approval of annual accounts.
13.1 The financial year begins on the first (1

) of January and ends on the thirty-first (31

) of December of each

year.

13.2 Each year, the Board prepares the balance sheet and the profit and loss account, as well as an inventory indicating

the value of the Company’s assets and liabilities, with an annex summarising the Company’s commitments and the debts
of the manager(s) and shareholders towards the Company.

13.3 Each shareholder may inspect the inventory and the balance sheet at the registered office.
13.4 The balance sheet and profit and loss account are approved at the annual General Meeting or by way of Share-

holders Circular Resolutions within six (6) months from the closing of the financial year.

Art. 14. Réviseurs d’entreprises.
14.1 The operations of the Company are supervised by one or several réviseurs d’entreprises, when so required by

law.

14.2 The shareholders appoint the réviseurs d’entreprises, if any, and determine their number, remuneration and the

term of their office, which may not exceed six (6) years. The réviseurs d’entreprises may be re-appointed.

Art. 15. Allocation of profits.
15.1 From the annual net profits of the Company, five per cent (5%) is allocated to the reserve required by Law. This

allocation ceases to be required when the legal reserve reaches an amount equal to ten per cent (10%) of the share
capital.

15.2 The shareholders determine how the balance of the annual net profits is allocated. It may allocate such balance

to the payment of a dividend, transfer such balance to a reserve account or carry it forward in accordance with applicable
legal provisions.

15.3 Interim dividends may be distributed, at any time, under the following conditions:
(i) interim accounts are drawn up by the Board;
(ii) these interim accounts show that sufficient profits and other reserves (including share premium) are available for

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

(iii) the decision to distribute interim dividends must be taken by the shareholders within two (2) months from the

date of the interim accounts;

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(iv) the rights of the creditors of the Company are not threatened, taking into account the assets of the Company;

and

(v) where the interim dividends paid exceed the distributable profits at the end of the financial year, the shareholders

must refund the excess to the Company.

VI. Dissolution - Liquidation

Art. 16. Dissolution - Liquidation.
16.1 The Company may be dissolved at any time, by a resolution of the shareholders, adopted with the consent of a

majority (in number) of the shareholders owning at least three-quarters of the share capital. The shareholders appoint
one or several liquidators, who need not be shareholders, to carry out the liquidation and determine their number,
powers and remuneration. Unless otherwise decided by the shareholders, the liquidators have the broadest powers to
realise the assets and pay the liabilities of the Company.

16.2 The surplus after the realisation of the assets and the payment of the liabilities is distributed to the shareholders

in proportion to the shares held by each of them.

VII. General provisions

Art. 17. General Provisions.
17.1 Notices and communications are made or waived and the Managers Circular Resolutions as well as the Share-

holders Circular Resolutions are evidenced in writing, by telegram, telefax, e-mail or any other means of electronic
communication.

17.2 Powers of attorney are granted by any of the means described above. Powers of attorney in connection with

Board meetings may also be granted by a manager in accordance with such conditions as may be accepted by the Board.

17.3 Signatures may be in handwritten or electronic form, provided they fulfil all legal requirements to be deemed

equivalent to handwritten signatures. Signatures of the Managers Circular Resolutions, the resolutions adopted by the
Board by telephone or video conference and the Shareholders Circular Resolutions, as the case may be, are affixed on
one original or on several counterparts of the same document, all of which taken together constitute one and the same
document.

17.4 All matters not expressly governed by the Articles are determined in accordance with the Law and, subject to

any non waivable provisions of the Law, any agreement entered into by the shareholders from time to time.

Fourth resolution

The Meeting resolves to dismiss, at the date hereof, the directors of the Company, and to grant them discharge for

the performance of their duties. The Meeting further resolves to appoint the same as managers to the Company for an
unlimited period of time, being:

1. Daniel GALHANO, born on July 13, 1976 in Moyeuvre-Grande, France, residing professionally at 9, rue de Bonne-

voie, L-1260 Luxembourg, Grand Duchy of Luxembourg;

2. Miuccia PRADA BIANCHI, born on May 10, 1949 in Milan, Italy, residing at 93, Corso di porta Romana, I-20122

Milan, Italy;

3. Paolo BESIO, born on July 29 1962 in Genova (Italy), residing professionally at residing at 9, Corso Plebisciti, I-20129

Milan, Italy;

Fifth resolution

The Meeting resolves to dismiss, at the date hereof, the “commissaire aux comptes” of the Company, and to grant

him discharge for the performance of its duties.

Sixth resolution

The Meeting resolves to amend the books and registers of the Company in order to reflect the above changes with

power and authority to any manager of the Company, acting individually, to proceed on behalf of the Company with the
registration of the above resolutions in the register of shareholders of the Company.

Declaration

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

parties, the present deed is worded in English followed by a French version and in case of discrepancies between the
English and the French version, the English version will be prevailing.

WHEREOF the present deed was drawn up in Esch-sur-Alzette, on the day named at the beginning of this document.
The document having been read to the appearing parties, they signed together with the notary the present deed.

Suit la version française du texte qui précède:

L’an deux mille quatorze, le huitième jour du mois d’octobre,

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par-devant Nous, Maître Francis Kesseler, notaire de résidence à Esch-sur-Alzette, Grand-Duché de Luxembourg.

S'est tenue

une assemblée générale extraordinaire des actionnaires (l’Assemblée) de LUDO S.A., une société anonyme constituée

et organisée selon les lois du Grand-Duché de Luxembourg, dont le siège social se situe au 9, rue de Bonnevoie, L-1260
Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 80935, constituée
suivant un acte de Maître Gérard Lecuit, notaire de résidence à Luxembourg, en date du 13 février 2001, publié au
Mémorial C, Recueil des Sociétés et Associations numéro 847, en date du 5 octobre 2001 (la Société). Les statuts de la
Société (les Statuts) ont été modifiés depuis et pour la dernière fois le 21 décembre 2001, suivant un acte de Maître
Gérard Lecuit, susmentionné, publié au Mémorial C, Recueil des Sociétés et Associations numéro 727, en date du 3 mai
2002.

L'Assemblée est présidée par Mlle Claudia Rouckert, employée privée, ayant son adresse professionnelle à Esch-sur-

Alzette.

Le président nomme comme secrétaire Mme. Brigitte Martin, employée privée, ayant son adresse professionnelle à

Esch-sur-Alzette.

L’Assemblée choisit comme scrutateur Mme. Maria Santiago De Sousa, employée privée, ayant son adresse profes-

sionnelle à Esch-sur-Alzette.

Le président, le secrétaire et le scrutateur sont collectivement désignés comme le Bureau.
Le Bureau de l’Assemblée ainsi constitué, le président déclare et demande au notaire d'acter que:
I. Les actionnaires de la Société (les Actionnaires) présents ou représentés et le nombre d’actions qu’ils détiennent

sont indiqués sur une liste de présence. Ladite liste de présence et les procurations, signées ne varietur par le Bureau de
l’Assemblée et le notaire instrumentant resteront annexées au présent procès-verbal.

II. Comme il ressort de la liste de présence, que toutes les cent mille trois cent dix actions, représentant l’intégralité

du capital social de la Société sont représentées à la présent Assemblée, de sorte que l’Assemblée peut valablement
délibérer et décider sur tous les points de l’ordre du jour qui a été au préalable communiqué aux participants,

III. Que l’ordre du jour de l’Assemblée est libellé comme suit:
1. Renonciation aux formalités de convocation.
2. changement de la forme juridique de la Société d’une société anonyme en société à responsabilité limitée;
3. modification subséquente et refonte complète des statuts de la Société afin de refléter les changements ci-dessus;
4. révocation des administrateurs de la Société sous la forme d’une S.A., et nomination de ces derniers en qualité de

gérants de la Société pour une durée indéterminée;

5. révocation du commissaire aux comptes de la Société;
6. modification des livres et registres de la Société afin de refléter les changements ci-dessus, avec pouvoir et autorité

accordés à tout gérant de la Société, agissant individuellement, à l’effet de procéder, au nom de la Société, à l’inscription
des résolutions ci-dessus dans le registre des associés de la Société, et

7. divers.
IV En conséquence, l’Assemblée a requis le notaire instrumentant de prendre les résolutions suivantes:

Première résolution

L’Assemblée décide de renoncer aux formalités de convocation, les actionnaires représentés se considérant eux-

mêmes comme dûment convoqués et ayant une parfaite connaissance de l’ordre du jour qui leur a été communiqué au
préalable.

Deuxième résolution

L’Assemblée décide de changer la forme juridique de la Société, sans interruption de sa personnalité juridique, de

société anonyme en société à responsabilité limitée. Elle décide en outre, de changer la dénomination sociale de la Société
en LUDO S.à r.l., le capital social et l’objet social demeurant inchangés.

En conséquence de ladite transformation de la forme juridique de la Société en société à responsabilité limitée, cent

mille trois cent dix (100.310) actions sont échangées en un nombre identique de parts sociales.

Troisième résolution

En conséquences des résolutions ci-dessus, l’Assemblée décide de la refonte complète des statuts de la Société, qui

auront désormais la teneur suivante:

«I. - Dénomination - Siège Social - Objet - Durée

Art. 1

. Dénomination. Le nom de la société est «LUDO S.à r.l.» (la Société). La Société est une société à respon-

sabilité limitée régie par les lois du Grand-Duché de Luxembourg, et 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).

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Art. 2. Siège social.
2.1. Le siège social de la Société est établi à Luxembourg-Ville, Grand-Duché de Luxembourg. Il peut être transféré

dans cette même commune par décision du conseil de gérance (le Conseil). Le siège social peut être transféré en tout
autre endroit du Grand-Duché de Luxembourg par une résolution des associés, selon les modalités requises pour la
modification des Statuts.

2.2. Il peut être créé des succursales, filiales ou autres bureaux tant au Grand-Duché de Luxembourg qu’à l’étranger

par décision du Conseil. Lorsque le Conseil estime que des développements ou événements extraordinaires d’ordre
politique ou militaire se sont produits ou sont imminents, et que ces développements ou événements sont de nature à
compromettre les activités normales de la Société à son siège social, ou la communication aisée entre le siège social et
l’étranger, le siège social peut être transféré provisoirement à l’étranger, jusqu’à cessation complète de ces circonstances.
Ces mesures provisoires n’ont aucun effet sur la nationalité de la Société qui, nonobstant le transfert provisoire de son
siège social, reste une société luxembourgeoise.

Art. 3. Objet social.
3.1. La Société pourra accomplir toutes opérations commerciales, industrielles ou financières, ainsi que tous transferts

de propriété immobiliers ou mobiliers.

3.2. La Société a en outre pour objet toutes les opérations sa rapportant directement ou indirectement à la prise de

participations sous quelque forme que ce soit, dans toute entreprise, ainsi que l’administration, la gestion, le contrôle et
le développement de ces participations.

3.3. Elle pourra en outre employer ses fonds à la création, à la gestion, à la mise en valeur et à la liquidation d’un

portefeuille se composant de tous titres et brevets de toute origine, participer à la création, au développement et au
contrôle de toute entreprise, acquérir par voie d’apport, de souscription, de prise ferme ou d’option d’achat et de toute
autre manière, tous titres et brevets, les réaliser par voie de vente, de cession, d’échange ou autrement, faire mettre en
valeur ces affaires et brevets, accorder aux sociétés auxquelles elle s’intéresse tous concours, prêts, avances ou garanties.

Art. 4. Durée.
4.1. La Société est formée pour une durée indéterminée.
4.2. La Société ne sera pas dissoute en raison de la mort, de la suspension des droits civils, de l’incapacité, de l’insol-

vabilité, de la faillite ou de tout autre événement similaire affectant un ou plusieurs associés.

II. Capital - Parts sociales

Art. 5. Capital.
5.1. Le capital social est fixé à dix millions trente et un mille euros (EUR 10.031.000,-), représenté par cent mille trois

cent dix (100.310) parts sociales sous forme nominative, ayant une valeur nominale de cent euro (EUR 100) chacune,
toute souscrites et entièrement libérées.

5.2. Le capital social peut être augmenté ou réduit à une ou plusieurs reprises par une résolution des associés, adoptée

selon les modalités requises pour la modification des Statuts.

Art. 6. Parts sociales.
6.1. Les parts sociales sont indivisibles et la Société ne reconnaît qu’un (1) seul propriétaire par part sociale.
6.2. Les parts sociales sont librement cessibles entre associés.
Lorsque la Société a un associé unique, les parts sociales sont librement cessibles aux tiers.
Lorsque la Société a plus d’un associé, la cession des parts sociales (inter vivos) à des tiers est soumise à l’accord

préalable des associés représentant au moins les trois-quarts du capital social.

Une cession de parts sociales ne sera opposable à l’égard de la Société ou des tiers, qu’après avoir été notifiée à la

Société ou acceptée par celle-ci conformément à l’article 1690 du Code Civil luxembourgeois.

6.3. Un registre des associés est tenu au siège social et peut être consulté à la demande de chaque associé.
6.4. La Société peut racheter ses propres parts sociales à condition qu’elle ait des réserves distribuables suffisantes à

cet effet ou que le rachat résulte de la réduction du capital social de la Société.

III. Gestion - Représentation

Art. 7. Nomination et révocation des gérants.
7.1. La Société est gérée par le Conseil dont les membres sont nommés par une résolution des associés, qui fixe la

durée de leur mandat. Les gérants ne doivent pas nécessairement être associés.

7.2. Les gérants sont révocables à tout moment, avec ou sans raison, par une décision des associés.

Art. 8. Conseil.
8.1. Pouvoirs du Conseil
8.1.1 Tous les pouvoirs non expressément réservés par la Loi ou les Statuts aux associés sont de la compétence du

Conseil, qui a tous les pouvoirs pour effectuer et approuver tous les actes et opérations conformes à l’objet social.

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8.1.2 Le Conseil peut déléguer des pouvoirs spéciaux ou limités pour des tâches spécifiques à un ou plusieurs agents.
8.2. Procédure
8.2.1 Le Conseil se réunit sur convocation de tout gérant, au siège social de la Société ou au lieu indiqué dans l’avis

de convocation, qui en principe, sera au Luxembourg.

8.2.2 Une convocation écrite de toute réunion du Conseil est donnée à tous les gérants au moins vingt-quatre (24)

heures à l’avance, sauf en cas d’urgence, auquel cas la nature et les circonstances de cette urgence seront mentionnées
dans la convocation à la réunion.

8.2.3 Aucune convocation n’est requise si tous les membres du Conseil sont présents ou représentés et si chacun

d’eux déclare avoir parfaitement connaissance de l’ordre du jour de la réunion. Un gérant peut également renoncer à la
convocation à une réunion, que ce soit avant ou après ladite réunion. Des convocations écrites séparées ne sont pas
exigées pour des réunions se tenant dans des lieux et à des heures fixés dans un calendrier préalablement adopté par le
Conseil.

8.2.4 Un gérant peut donner une procuration à tout autre gérant afin de le représenter à toute réunion du Conseil.
8.2.5 Le Conseil ne peut délibérer et agir valablement que si la majorité de ses membres est présente ou représentée.

Les décisions du Conseil sont valablement adoptées à la majorité des voix des gérants présents ou représentés. Les
décisions du Conseil sont consignées dans des procès-verbaux signés par le président de la réunion ou, si aucun président
n’a été nommé, par tous les gérants présents ou représentés.

8.2.6 Tout gérant peut participer à toute réunion du Conseil par téléphone ou visio- conférence ou par tout autre

moyen de communication permettant à l’ensemble des personnes participant à la réunion de s’identifier, de s’entendre
et de se parler. La participation par un de ces moyens équivaut à une participation en personne à une réunion valablement
convoquée et tenue.

8.2.7 Des résolutions circulaires signées par tous les gérants (les Résolutions Circulaires des Gérants) sont valables et

engagent la Société comme si elles avaient été adoptées lors d’une réunion du Conseil valablement convoquée et tenue
et portent la date de la dernière signature.

8.3. Représentation
8.3.1 La Société est engagée vis-à-vis des tiers en toutes circonstances par les signatures conjointes de deux (2) gérants.
8.3.2 La Société est également engagée vis-à-vis des tiers par la signature de toute(s) personne(s) à qui des pouvoirs

spéciaux ont été délégués par le Conseil.

Art. 9. Gérant unique.
9.1. Si la Société est gérée par un gérant unique, toute référence dans les Statuts au Conseil ou aux gérants doit être

considérée, le cas échéant, comme une référence audit gérant unique.

9.2. La Société est engagée vis-à-vis des tiers par la signature du gérant unique.
9.3. La Société est également engagée vis-à-vis des tiers par la signature de toute(s) personne(s) à qui des pouvoirs

spéciaux ont été délégués.

Art. 10. Responsabilité des gérants. Les gérants ne contractent, à raison de leur fonction, aucune obligation personnelle

concernant les engagements régulièrement pris par eux au nom de la Société, dans la mesure où ces engagements sont
conformes aux Statuts et à la Loi.

IV. Associés

Art. 11. Assemblées générales des associés et résolutions circulaires des associés.
11.1. Pouvoirs et droits de vote
11.1.1 Les résolutions des associés sont adoptées en assemblée générale des associés (l’Assemblée Générale) ou par

voie de résolutions circulaires (les Résolutions Circulaires des Associés).

11.1.2 Lorsque les résolutions des associés sont adoptées aux moyens de Résolutions Circulaires des Associés, le texte

des résolutions est envoyé aux associés conformément aux Statuts. Les Résolutions Circulaires des Associés signées par
tous les associés sont valables et contraignantes comme si elles avaient été adoptées lors d’une réunion d’une Assemblée
Générale valablement convoquée et tenue et portent la date de la dernière signature.

11.1.3. Chaque part sociale donne droit à un (1) vote.
11.2. Convocations, quorum, majorité et procédure de vote
11.2.1 Les associés sont convoqués aux Assemblées Générales ou consultés par écrit à l’initiative de tout gérant ou

des associés représentant plus de la moitié du capital social.

11.2.2 Une convocation écrite à toute Assemblée Générale est donnée à tous les associés au moins huit (8) jours avant

la date de l’assemblée, sauf en cas d’urgence, auquel cas, la nature et les circonstances de cette urgence doivent être
précisées dans la convocation à ladite assemblée.

11.2.3 Les Assemblées Générales sont tenues au lieu et heure précisés dans les convocations.
11.2.4 Si tous les associés sont présents ou représentés et se considèrent comme ayant été valablement convoqués

et informés de l’ordre du jour de l’assemblée, l’Assemblée Générale peut se tenir sans convocation préalable.

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11.2.5 Un associé peut donner une procuration écrite à toute autre personne, associé ou non, afin de le représenter

à toute Assemblée Générale.

11.2.6 Les décisions des Assemblées Générales ou prises par voie de Résolutions Circulaires des Associés sont ad-

optées par des associés détenant plus de la moitié du capital social. Si cette majorité n’est pas atteinte à la première
Assemblée Générale ou la première consultation écrite, les associés sont convoqués par lettre recommandée à une
seconde Assemblée Générale ou consulté une deuxième fois, et les décisions sont adoptées par l’Assemblée Générale
ou par voie de Résolutions Circulaires des Associés à la majorité des voix exprimées, sans tenir compte de la proportion
du capital social représenté.

11.2.7 Les Statuts ne peuvent être modifiés qu’avec le consentement de la majorité (en nombre) des associés détenant

au moins les trois-quarts du capital social.

11.2.8 Tout changement de nationalité de la Société ainsi que toute augmentation de l’engagement d’un associé dans

la Société exige le consentement unanime des associés.

Art. 12. Associé unique.
12.1 Dans le cas où le nombre des associés est réduit à un (1), l’associé unique exerce tous les pouvoirs conférés par

la Loi à l’Assemblée Générale.

12.2 Toute référence dans les Statuts aux associés, à l’Assemblée Générale ou aux Résolutions Circulaires des Associés

est considérée, selon le cas, comme une référence audit associé unique ou aux résolutions de ce dernier.

12.3 Les résolutions de l’associé unique sont consignées dans des procès-verbaux ou rédigées par écrit.

V. Comptes annuels - Affectation des bénéfices - Contrôle

Art. 13. Exercice social et approbation des comptes annuels.
13.1. L’exercice social commence le premier (1) janvier et se termine le trente et un (31) décembre de chaque année.
13.2. Chaque année, le Conseil doit dresser le bilan et le compte de profits et pertes, ainsi qu’un inventaire indiquant

la valeur des actifs et passifs de la Société, avec une annexe résumant les engagements de la Société ainsi que les dettes
du ou des gérants et des associés envers la Société.

13.3. Tout associé peut prendre connaissance de l’inventaire et du bilan au siège social.
13.4. Le bilan et le compte de profits et pertes doivent être approuvés par l’Assemblée Générale annuelle ou par voie

de Résolutions Circulaires des Associés dans les six (6) mois de la clôture de l’exercice social.

Art. 14. Réviseurs d’entreprises.
14.1. Les opérations de la Société sont contrôlées par un ou plusieurs réviseurs d’entreprises agréés, dans les cas

prévus par la loi.

14.2. Les associés nomment les réviseurs d’entreprises agréés, s’il y a lieu, et déterminent leur nombre, leur rémuné-

ration et la durée de leur mandat qui ne peut excéder six (6) ans. Les réviseurs d’entreprises agréés sont rééligibles.

Art. 15. Affectation des bénéfices.
15.1. Cinq pour cent (5 %) des bénéfices nets annuels de la Société sont affectés à la réserve requise par la Loi. Cette

affectation cesse d’être exigée quand la réserve légale atteint dix pour cent (10 %) du capital social.

15.2. Les associés décident de l’affectation du solde des bénéfices nets annuels. Ils peuvent allouer ce bénéfice au

paiement d’un dividende, l’affecter à un compte de réserve ou le reporter en respectant les dispositions légales applicables.

15.3. Des dividendes intérimaires peuvent être distribués à tout moment, aux conditions suivantes:
(i) le Conseil établit des comptes intérimaires;
(ii) ces comptes intérimaires doivent montrer que suffisamment de bénéfices et autres réserves (y compris la prime

d’émission) sont disponibles pour une distribution, étant entendu que le montant à distribuer ne peut pas dépasser le
montant des bénéfices réalisés depuis la fin du dernier exercice social dont les comptes annuels ont été approuvés, le cas
échéant, augmenté des bénéfices reportés et des réserves distribuables, et réduit par les pertes reportées et les sommes
à affecter à la réserve légale;

(iii) le associés doivent décider de distribuer les dividendes intérimaires dans les deux (2) mois suivant la date des

comptes intérimaires;

(iv) compte tenu des actifs de la Société, les droits des créanciers de la Société ne doivent pas être menacés;
(v) si les dividendes intérimaires qui ont été distribués dépassent les bénéfices distribuables à la fin de l’exercice social,

les associés doivent reverser l’excès à la Société.

VI. Dissolution - Liquidation

Art. 16. Dissolution - Liquidation.
16.1. La Société peut être dissoute à tout moment, par une résolution des associés adoptée par la majorité (en nombre)

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Sauf décision contraire des associés, les liquidateurs sont investis des pouvoirs les plus étendus pour réaliser les actifs et
payer les dettes de la Société.

16.2. Le boni de liquidation après la réalisation des actifs et le paiement des dettes, s’il y en a, est distribué aux associés

proportionnellement aux parts sociales détenues par chacun d’entre eux.

VII. Dispositions générales

Art. 17. Dispositions générales.
17.1. Les convocations et communications, ainsi que les renonciations à celles-ci, peuvent être faites, et les Résolutions

Circulaires des Gérants ainsi que les Résolutions Circulaires des Associés peuvent être établies par écrit, par téléfax, e-
mail ou tout autre moyen de communication électronique.

17.2. Les procurations peuvent être données par tout moyen mentionné ci-dessus. Les procurations relatives aux

réunions du Conseil peuvent également être données par un gérant conformément aux conditions acceptées par le
Conseil.

17.3. Les signatures peuvent être sous forme manuscrite ou électronique, à condition de satisfaire aux conditions

légales pour être assimilées à des signatures manuscrites. Les signatures des Résolutions Circulaires des Gérants, des
résolutions adoptées par le Conseil par téléphone ou visioconférence et des Résolutions Circulaires des Associés, selon
le cas, sont apposées sur un original ou sur plusieurs copies du même document, qui ensemble, constituent un seul et
unique document.

17.4. Pour tous les points non expressément prévus par les Statuts, il est fait référence à la loi et, sous réserve des

dispositions légales d’ordre public, à tout accord présent ou futur conclu entre les associés.

Quatrième résolution

L’Assemblée décide de révoquer, à compter de la date des présentes, les administrateurs de la Société et de leur

accorder décharge pour l’exercice de leurs fonctions. L’Assemblée décide ensuite de nommer ces derniers en qualité de
gérants de la Société pour une durée indéterminée, à savoir:

1. Daniel GALHANO, né le 13 juillet 1976 à Moyeuvre-Grande, France, résidant professionnellement au 9, rue de

Bonnevoie, L-1260 Luxembourg, Grand-Duché de Luxembourg;

2. Miuccia PRADA BIANCHI, née le 10 mai 1949 à Milan, Italie, résidant au 93, Corso di porta Romana, I - 20122

Milan, Italie; et

3. Paolo BESIO, né le 29 juillet 1962 à Genova (Italie) résidant professionnellement au 9, Corso Plebisciti, I - 20129

Milan, Italie.

Cinquième résolution

L’Assemblée décide de révoquer, à la date des présentes, le commissaire aux comptes de la Société et de lui accorder

décharge pour l’exécution de son mandat.

Sixième résolution

L’Assemblée décide de modifier les livres et registres de la Société afin d’y refléter les modifications ci-dessus avec

pouvoir et autorité accordés à tout gérant de la Société, agissant individuellement, afin de procéder pour le compte de
la Société à l’inscription des résolutions ci-dessus, dans le registre des associés de la Société.

Déclaration

Le notaire soussigné, qui comprend et parle l’anglais, constate qu’à la demande des parties comparantes ci-dessus, le

présent acte est rédigé en langue anglaise, suivi d'une version française, et en cas de divergence entre le texte anglais et
le texte français, le texte anglais fera foi.

DONT ACTE, fait et passé à Esch-sur-Alzette, date qu'en tête des présentes.
Et après lecture faite et interprétation données aux parties comparantes, elles ont signé le présent acte avec le notaire.
Signé: Rouckert, Martin, Santiago de Sousa, Kesseler.
Enregistré à Esch/Alzette, Actes Civils, le 10 octobre 2014. Relation: EAC/2014/13798. Reçu soixante-quinze euros

(75,- €).

Le Receveur ff. (signé): M. Halsdorf.

Pour expédition conforme délivrée aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2014160400/533.
(140182071) Déposé au registre de commerce et des sociétés de Luxembourg, le 15 octobre 2014.

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PA BE 1 S.à r.l., Société à responsabilité limitée,

(anc. PA BE 1 S.A.).

Siège social: L-1260 Luxembourg, 9, rue de Bonnevoie.

R.C.S. Luxembourg B 48.327.

In the year two thousand and fourteen, on the eight day of October,
before Us, Maître Francis Kesseler, notary residing in Esch-sur-Alzette, Grand Duchy of Luxembourg,

was held

an extraordinary general meeting of the shareholders (the Meeting) of PA BE 1 S.A., a public limited liability company

(société anonyme) incorporated and organised under the laws of Luxembourg, having its registered office at 9, rue de
Bonnevoie, L-1260 Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number
B 48327, incorporated pursuant to a deed enacted by Maître Gérard Lecuit, notary residing in Luxembourg, on July 29,
1994, published in the Mémorial C, Recueil des Sociétés et Associations under number 469 on November 19, 1994 (the
Company). The articles of association of the Company have been amended since and the last time on August 31, 2010
pursuant to a deed enacted by Maître Gérard Lecuit, above mentioned, published in the Mémorial C, Recueil des Sociétés
et Associations under number 1922 on September 17, 2010.

Alzette.

shown on an attendance list. Such list and proxies, signed ne varietur by the Board of the Meeting and the undersigned
notary, shall remain attached to the present minutes;

II As appears from the attendance list, that all the forty-three thousand two hundred shares, representing the entire

share capital of the Company are represented at the present Meeting so that the Meeting can validly deliberate and decide
on all the items of the agenda of which the participants have been beforehand informed;

liability company (société à responsabilité limitée);

3. subsequent amendment and full restatement of the articles of association of the Company in order to reflect the

above changes;

4. dismissal of the directors of the Company under SA form; appointment of the same as managers of the Company

for an undetermined period;

5. dismissal of the commissaire aux comptes of the Company
6. amendment of the books and registers of the Company in order to reflect the above changes with power and

authority to any manager of the Company, acting individually, to proceed on behalf of the Company with the registration
of the above resolutions in the register of shareholders of the Company; and

7. miscellaneous.
IV Now, therefore, the Meeting has requested the undersigned notary to record the following resolutions:

First resolution

The Meeting resolves to waive the convening notices, the shareholders of the Company considering themselves duly

convened and having perfect knowledge of the agenda which has been communicated to them in advance.

Second resolution

The Meeting resolves to change the legal form of the Company without discontinuance from its current legal form as

a public limited liability company (société anonyme) to change into a private limited liability company (société à respon-
sabilité limitée). It furthermore decides to change the denomination into PA BE 1 S.à r.l., the share capital and purpose
of the Company remaining unchanged.

As a result of the said transformation of the legal form of the Company into a private limited liability company (société

à responsabilité limitée), the forty-three thousand two hundred (43,200) shares (actions) shall be exchanged against the
same number of new shares (parts sociales).

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Third resolution

As a consequence of the above resolutions, the Meeting resolves to fully restate the articles of association of the

Company which shall henceforth be reworded as follows:

I. “Name - Registered office - Object - Duration

Art. 1. Name. The name of the company is “PA BE 1 S.à r.l.” (the Company). The Company is a private limited liability