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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° 1713

11 juillet 2015

SOMMAIRE

4Bi S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82178

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

82180

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

82180

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

82181

Coleman Street Investments . . . . . . . . . . . . . . .

82180

Comparco S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

82179

Cottyn-Kieffer S.à r.l. . . . . . . . . . . . . . . . . . . . .

82192

CQS Aiguille du Chardonnet . . . . . . . . . . . . . .

82187

CQS Aiguille du Chardonnet . . . . . . . . . . . . . .

82187

DeA Communications . . . . . . . . . . . . . . . . . . . .

82224

De Agostini Invest S.A. . . . . . . . . . . . . . . . . . . .

82224

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

82180

DWM Income Funds S.C.A. SICAV SIF . . . .

82181

Eagle International Investments S.à r.l. . . . . .

82181

East Capital (Lux) . . . . . . . . . . . . . . . . . . . . . . .

82182

Endurance HC Epsilon S.à r.l. . . . . . . . . . . . . .

82182

Enim S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82182

Espirito Santo Global SICAV . . . . . . . . . . . . . .

82181

Ets. Hoffmann - Neu Matériaux S.A. . . . . . . . .

82181

Ets. Hoffmann-Neu Wilwerwiltz S.A. . . . . . . .

82182

Fashion Distribution Investment S.à r.l. . . . . .

82184

Firewall Holding S.à r.l. . . . . . . . . . . . . . . . . . .

82210

FPM Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82180

Glacis-Immo S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

82178

Global Retail Fashion S.à r.l. . . . . . . . . . . . . . .

82189

Goyaz S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82179

GREP Core B . . . . . . . . . . . . . . . . . . . . . . . . . . .

82179

G. Scheuer, S.à r.l. . . . . . . . . . . . . . . . . . . . . . . .

82179

Guardian Industries Europe S.à r.l. . . . . . . . .

82189

Hamira SA . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82182

Holding Luxembourgeoise S.A. . . . . . . . . . . . .

82179

Khajuraho Equity Trading S.à r.l. . . . . . . . . .

82209

Kival International S.C.A. . . . . . . . . . . . . . . . .

82178

L'Association Luxembourgeoise des Réalisa-

teurs et Scénaristes a.s.b.l. . . . . . . . . . . . . . . .

82220

Lombard Odier Perspective . . . . . . . . . . . . . . .

82197

Lux Savings S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

82219

Mando . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82223

MHCT s.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

82222

Outlet International Group S.à r.l. . . . . . . . . .

82194

Sanichaufer Entretien Toitures S.à r.l. . . . . . .

82193

Sanichaufer Toitures S.à r.l. . . . . . . . . . . . . . . .

82193

Sogescap Holding Luxembourg S.à r.l. . . . . . .

82183

Structured Investments SICAV . . . . . . . . . . . .

82183

TFIN S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

82178

Thunderbird R S.à r.l. . . . . . . . . . . . . . . . . . . . .

82183

Tishman Speyer Junghof Holdings S.à r.l. . . .

82183

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

82192

82177

U X E M B O U R G

4Bi S.A., Société Anonyme.

Siège social: L-1528 Luxembourg, 8, boulevard de la Foire.

R.C.S. Luxembourg B 118.893.

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.

Signature.

Référence de publication: 2015073551/10.
(150083761) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

Glacis-Immo S.à r.l., Société à responsabilité limitée.

Siège social: L-2520 Luxembourg, 35, allée Scheffer.

R.C.S. Luxembourg B 153.111.

Les comptes annuels au 31-12-2014 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.

Jean-Jacques Brusco
Le gérant

Référence de publication: 2015074561/11.
(150085381) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Kival International S.C.A., Société en Commandite par Actions.

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

R.C.S. Luxembourg B 161.847.

EXTRAIT

Il résulte des résolutions prises lors de l'assemblée générale extraordinaire du 27 novembre 2013 que Madame Christine

Jutard, née le 20 avril 1968 à Montreuil (France), ayant son adresse professionnelle au 100, rue du Calvaire, F-59510 Hem,
a été nommée membre du Conseil de Surveillance, en remplacement de Monsieur M. Juan Pablo Romaguera, démission-
naire.

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

Luxembourg, le 13 mai 2015.

Pour Kival Spain S.C.A.
Un mandataire

Référence de publication: 2015073275/16.
(150083787) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

TFIN S.A., Société Anonyme.

Siège social: L-1219 Luxembourg, 17, rue Beaumont.

R.C.S. Luxembourg B 105.277.

Messieurs les Actionnaires sont priés d'assister à

l'ASSEMBLEE GENERALE ORDINAIRE

des Actionnaires qui aura lieu au 17, rue Beaumont, L-1219 Luxembourg, le 29 juillet 2015 à 09 heures, pour délibérer

sur l'ordre du jour suivant:

Ordre du jour:

1. Rapport du Conseil d'Administration et son approbation.
2. Lecture du rapport du Commissaire aux comptes.
3. Approbation des bilans, comptes de pertes et profits et affectation des résultats au 31 décembre 2014.
4. Décharge aux administrateurs et au commissaire.
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2015109138/545/17.

82178

U X E M B O U R G

G. Scheuer, S.à r.l., Société à responsabilité limitée.

Siège social: L-8552 Oberpallen, 2, Reidenerwee.

R.C.S. Luxembourg B 41.311.

Les comptes annuels au 31/12/2014 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: 2015074547/9.
(150084989) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Goyaz S.A., Société Anonyme.

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

R.C.S. Luxembourg B 67.872.

Signature.

Référence de publication: 2015074566/10.
(150085132) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

GREP Core B, Société à responsabilité limitée.

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

R.C.S. Luxembourg B 134.384.

Les comptes annuels au 31 décembre 2008 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 20 mai 2015.

Référence de publication: 2015074569/10.
(150085688) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Holding Luxembourgeoise S.A., Société Anonyme Soparfi.

Siège social: L-2450 Luxembourg, 15, boulevard Roosevelt.

R.C.S. Luxembourg B 98.397.

Luxembourg, le 20 mai 2015.

FIDUCIAIRE FERNAND FABER
Signature

Référence de publication: 2015074596/12.
(150085295) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Comparco S.A., Société Anonyme.

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

R.C.S. Luxembourg B 28.696.

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

Référence de publication: 2015074448/13.
(150085367) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

82179

U X E M B O U R G

Coleman Street Investments, Société d'Investissement à Capital Variable.

Siège social: L-1150 Luxembourg, 287, route d'Arlon.

R.C.S. Luxembourg B 175.811.

Les comptes annuels au 31 décembre 2014 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: 2015074445/9.
(150085371) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

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

Siège social: L-8237 Mamer, 5, rue Henri Kirpach.

R.C.S. Luxembourg B 110.500.

Le Bilan au 31 décembre 2014 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Georges DASSONVILLE.

Référence de publication: 2015074439/10.
(150084894) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

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

Siège social: L-6440 Echternach, 57, rue de la Gare.

R.C.S. Luxembourg B 77.081.

Signature.

Référence de publication: 2015074454/10.
(150085376) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

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

Siège social: L-1617 Luxembourg, 100, rue de Gasperich.

R.C.S. Luxembourg B 67.314.

Les comptes annuels au 31 décembre 2010 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Certifié sincère et conforme
Pour Colaborsi S.à r.l.
Fideco S.A.

Référence de publication: 2015074440/12.
(150084931) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

FPM Funds, Société d'Investissement à Capital Variable.

Siège social: L-6776 Grevenmacher, 15, rue de Flaxweiler.

R.C.S. Luxembourg B 80.070.

Die Bilanz zum 31. Dezember 2014 wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Grevenmacher, den 20. Mai 2015.

Für FPM Funds
Universal-Investment-Luxembourg S.A.
Matthias Müller / Katrin Nickels

Référence de publication: 2015074543/13.
(150085478) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

82180

U X E M B O U R G

DWM Income Funds S.C.A. SICAV SIF, Société en Commandite par Actions sous la forme d'une SICAV - Fonds

d'Investissement Spécialisé.

Siège social: L-1115 Luxembourg, 2, boulevard Konrad Adenauer.

R.C.S. Luxembourg B 149.210.

Les comptes annuels au 31 décembre 2014 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: 2015074471/10.
(150085599) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Eagle International Investments S.à r.l., Société à responsabilité limitée.

Siège social: L-2449 Luxembourg, 26, boulevard Royal.

R.C.S. Luxembourg B 190.652.

Pour extrait conforme

Référence de publication: 2015074473/10.
(150085459) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Ets. Hoffmann - Neu Matériaux S.A., Société Anonyme.

Siège social: L-6633 Wasserbillig, 50, route de Luxembourg.

R.C.S. Luxembourg B 27.541.

Pour ETS HOFFMANN-NEU MATERIAUX S.A.
FIDUCIAIRE EVERARD - KLEIN S.A R.L.

Référence de publication: 2015074507/11.
(150085037) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Espirito Santo Global SICAV, Société d'Investissement à Capital Variable.

Siège social: L-1118 Luxembourg, 11, rue Aldringen.

R.C.S. Luxembourg B 141.601.

Le bilan au 31 décembre 2014 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pour ESPIRITO SANTO GLOBAL
KREDIETRUST LUXEMBOURG S.A.

Référence de publication: 2015074506/11.
(150085264) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

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

Siège social: L-1617 Luxembourg, 100, rue de Gasperich.

R.C.S. Luxembourg B 67.314.

Les comptes annuels au 31 décembre 2009 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Certifié sincère et conforme
Pour Colaborsi S.à r.l.
Fideco S.A.

Référence de publication: 2015074441/12.
(150084932) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

82181

U X E M B O U R G

Endurance HC Epsilon S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

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

R.C.S. Luxembourg B 136.027.

Les comptes annuels au 30 septembre 2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Un mandataire

Référence de publication: 2015074495/10.
(150084796) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Enim S.A., Société Anonyme.

Siège social: L-1820 Luxembourg, 10, rue Antoine Jans.

R.C.S. Luxembourg B 154.676.

Les comptes annuels au 31 décembre 2011 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg.

Référence de publication: 2015074498/10.
(150085571) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Ets. Hoffmann-Neu Wilwerwiltz S.A., Société Anonyme.

Siège social: L-9776 Wilwerwiltz, 8A, rue de la Gare.

R.C.S. Luxembourg B 98.947.

Pour ETS HOFFMANN-NEU WILWERWILTZ S.A.
FIDUCIAIRE EVERARD - KLEIN S.A R.L.

Référence de publication: 2015074508/11.
(150085442) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

Hamira SA, Société Anonyme.

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

R.C.S. Luxembourg B 156.625.

Les comptes annuels au 30.06.2014 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.

HAMIRA S.A.
Société Anonyme

Référence de publication: 2015074589/11.
(150084988) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

East Capital (Lux), Société d'Investissement à Capital Variable.

Siège social: L-2763 Luxembourg, 11, rue Sainte-Zithe.

R.C.S. Luxembourg B 121.268.

Les comptes annuels sociaux arrêtés au 31 décembre 2014 et dûment approuvés lors de l’Assemblée Générale des

Actionnaires en date du 13 mai 2015 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 19 mai 2015.

Pour East Capital (Lux)

Référence de publication: 2015074486/12.
(150084791) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 mai 2015.

82182

U X E M B O U R G

Sogescap Holding Luxembourg S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 158.390.

Les comptes annuels au 31 décembre 2014 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: 2015073444/9.
(150083137) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

Structured Investments SICAV, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 124.187.

Les statuts coordonnés 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 18 mai 2015.

Référence de publication: 2015073456/10.
(150083672) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

Tishman Speyer Junghof Holdings S.à r.l., Société à responsabilité limitée.

Capital social: EUR 60.000,00.

Siège social: L-1930 Luxembourg, 34-38, avenue de la Liberté.

R.C.S. Luxembourg B 171.577.

Le bilan et l'annexe au 31 décembre 2014 de la Société, ainsi que les autres documents et informations qui s'y rapportent,

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.

Senningerberg, le 13 mai 2015.

Pour extrait conforme
ATOZ SA
Aerogolf Center - Bloc B
1, Heienhaff
L-1736 Senningerberg
Signature

Référence de publication: 2015073497/17.
(150083264) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

Thunderbird R S.à r.l., Société à responsabilité limitée.

Capital social: EUR 117.500,00.

Siège social: L-2430 Luxembourg, 7, rue Michel Rodange.

R.C.S. Luxembourg B 111.621.

CLÔTURE DE LIQUIDATION

La liquidation de la société Thunderbird R S.à r.l., décidée par acte du notaire Maître Henri Hellinckx en date du 3 avril

2015 et avec effet au 1

décembre 2014, a été clôturée lors de l'assemblée générale extraordinaire sous seing privé tenue

en date du 30 avril 2015.

Les livres et documents de la société seront conservés pendant cinq ans au siège social au 7, rue Michel Rodange, L-2430

Luxembourg

Les sommes et valeurs revenant aux créanciers ou aux associés qui n'étaient pas présents à la clôture de la liquidation

et dont la remise n'aurait pu leur être faite seront déposées à la Caisse de consignation de Luxembourg.

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

Luxembourg, le 11 mai 2015.

Référence de publication: 2015073495/18.
(150083487) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

82183

U X E M B O U R G

Fashion Distribution Investment S.à r.l., Société à responsabilité limitée.

Capital social: MXN 736.520,00.

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

R.C.S. Luxembourg B 193.452.

The year two thousand and fifteen, on the thirteenth day of May.
Before Us Maître Henri BECK, notary residing in Echternach, Grand-Duchy of Luxembourg,

was held

an extraordinary general meeting (the Meeting) of the shareholders of Fashion Distribution Investment S.à r.l., a private

limited liability company (société à responsabilité limitée) incorporated and organised under the laws of the Grand-Duchy
of Luxembourg, with registered office at 2-8, avenue Charles De Gaulle, L-1653 Luxembourg, Grand Duchy of Luxem-
bourg, registered with the Luxembourg Register of Commerce and Companies under number B 193452 and having a share
capital of fifty thousand United States Dollars (USD 50,000.-) (the Company), established by notarial deed by Maître Henri
BECK, notary residing at Echternach, Grand Duchy of Luxembourg on 2 January 2015, published on 11 February 2015,
in the Mémorial C, Recueil des Sociétés et Associations (the Mémorial) number 367. The articles of association of the
Company (the Articles) have not been amended since incorporation on 2 January 2015.

THERE APPEARED:

The Alser Trust, a trust incorporated and organised under the laws of the province of New Brunswick, Canada, having

its registered office at 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (the Shareholder 1),

here represented by Peggy Simon, employee, whose professional address is in L-6475 Echternach, 9, Rabatt, by virtue

of a power of attorney given in under private seal.

The Doma Trust, a trust incorporated and organised under the laws of the province of New Brunswick, Canada, having

its registered office at 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (the Shareholder 2),

here represented by Peggy Simon, prenamed, by virtue of a power of attorney given in under private seal.
The Jane Trust, a trust incorporated and organised under the laws of the province of New Brunswick, Canada, having

its registered office at 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (the Shareholder 3),

here represented by Peggy Simon, prenamed, by virtue of a power of attorney given in under private seal, and
The Cattan Trust, a trust incorporated and organised under the laws of the province of New Brunswick, Canada, having

its registered office at 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (the Shareholder 4, together with the
Shareholder 1, the Shareholder 2, and the Shareholder 3, the Shareholders)

here represented by Peggy Simon, prenamed, by virtue of a power of attorney given in under private seal.
The powers of attorney, after signature ne varietur by the representative of the appearing parties and the undersigned

notary, will remain attached to this deed for the purpose of registration.

The Shareholders, represented as stated here above, have requested the undersigned notary to record the following:
I. that twenty-five thousand (25,000) class A shares and twenty-five thousand (25,000) class B shares having a nominal

value of one United States Dollar (USD 1.-) each, and representing the entirety of the share capital of the Company, are
duly represented at this Meeting which is consequently regularly constituted and may consider the items of the agenda,
hereinafter reproduced;

II. that the agenda of the Meeting is worded as follows:
1. change of the accounting currency of the Company, with retroactive effect as of the date of the incorporation of the

Company, from United States Dollars (USD) to Mexican Pesos (MXN);

2. (i) conversion of the currency of the subscribed share capital of the Company from United States Dollars (USD) to

Mexican Pesos (MXN); (ii) setting of the number of shares of the Company at seven hundred thirty-six thousand nine
hundred twenty (736,920) shares; and (iii) setting of the nominal value of the shares of the Company at one Mexican Peso
(MXN 1) each;

3. subsequent amendment to article 5.1 of the Articles of Association of the Company in order to reflect the above

changes;

4. amendment to the register of shareholders of the Company in order to reflect the above changes with power and

authority given to any manager of the Company, each acting individually, to proceed in the name and on behalf of the
Company to effect and record the conversion of the currency of the share capital of the Company and the setting of the
new par value of the shares;

5. Miscellaneous.
III. that the Meeting has taken the following resolutions:

82184

U X E M B O U R G

First resolution

The Shareholders resolve to change the accounting currency of the Company, with retroactive effect as of the date of

the incorporation of the Company, i.e. 2 January 2015, from United States Dollars (USD) to Mexican Pesos (MXN).

Second resolution

The Shareholders resolve to convert the currency of the subscribed share capital of the Company from United States

Dollars (USD) to Mexican Pesos (MXN) by using the exchange rate published by Oanda on 2 January 2015, and according
to which USD 1.- is the equivalent of MXN 14.74 (evidence of which has been given to the undersigned notary and will
remain attached to the present deed) that is, to convert from fifty thousand United States Dollars (USD 50,000.-) into seven
hundred thirty-six thousand nine hundred twenty Mexican Pesos (MXN 736,920.-).

The Shareholders resolve to set the share capital of the Company at seven hundred thirty-six thousand nine hundred

twenty Mexican Pesos (MXN 736,920.-) and to restate the nominal value of the shares at one Mexican Peso (MXN 1.-)
per share, such that the share capital of the Company is set at seven hundred thirty-six thousand nine hundred twenty
Mexican Pesos (MXN 736,920.-) divided into three hundred sixty-eight thousand four hundred sixty (368,460) class A
shares and three hundred sixty-eight thousand four hundred sixty (368,460) class B shares having a nominal value of one
Mexican Peso (MXN 1.-) each.

Third resolution

As a result of the above resolutions, the Shareholders resolve to amend article 5.1 of the Articles of Association such

that it shall read as follows:

“ 5.1. The subscribed share capital of the Company is fixed at seven hundred thirty-six thousand nine hundred twenty

Mexican Pesos (MXN 736,920) represented by three hundred sixty-eight thousand four hundred sixty (368,460) class A
shares (the A Shares) and three hundred sixty-eight thousand four hundred sixty (368,460) class B shares (the B Shares,
together with the A Shares, the Shares), with a nominal value of one Mexican Peso (MXN 1.-) each, all of which are fully
paid up and having such rights and features as set out in the Articles.”

Fourth resolution

The Shareholders resolve to amend the register of shareholders of the Company in order to reflect the above changes

with power and authority given to any manager of the Company, each acting individually, to proceed in the name and on
behalf of the Company to effect and record the conversion of the currency of the share capital of the Company, and the
setting of the new nominal value of the shares.

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

its representative, the present deed is worded in English followed by a French version and in case of discrepancies between
the English and the French text, the English version will prevail.

WHEREOF, the present deed was drawn up in Echternach, on the day named at the beginning of this document.
The document having been read to the representative of the appearing party, said representative signed together with

the notary the present deed.

Suit la traduction française du texte qui précède

L'an deux mille quinze, le treizième jour de mai.
Par devant Nous, Maître Henri BECK, notaire de résidence à Echternach, Grand-Duché de Luxembourg,

s'est tenue

une assemblée générale extraordinaire (l'Assemblée) des associés de Fashion Distribution Investment S.à r.l., une société

à responsabilité limitée constituée et régie selon les lois du Grand-Duché de Luxembourg, dont le siège social se situe au
2-8, avenue Charles De Gaulle, L-1653 Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxem-
bourg sous le numéro B 193452 et disposant d'un capital social s'élevant à cinquante mille dollars américains (USD 50.000,-)
(la Société), constituée par acte notarié de Maître Henri BECK, notaire de résidence à Echternach, Grand-Duché de Lu-
xembourg le 2 janvier 2015, publié au Mémorial C, Recueil des Sociétés et Associations (le Mémorial) numéro 367 du 11
février 2015. Les statuts de la Société (les Statuts) n'ont pas été modifiés depuis sa constitution le 2 janvier 2015.

ONT COMPARU:

The Alser Trust, un trust constitué et organisé selon les lois de la province du New Brunswick, Canada, dont le siège

social est établi à 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (l'Associé 1),

ici représenté par Peggy Simon, employée, dont l'adresse professionnelle est situé à L-6475 Echternach, 9, Rabatt, en

vertu d'une procuration donnée sous seing privé.

The Doma Trust, un trust constitué et organisé selon les lois de la province du New Brunswick, Canada, dont le siège

social est établi à 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (l'Associé 2),

ici représenté par Peggy Simon, prénommée, en vertu d'une procuration donnée sous seing privé.

82185

U X E M B O U R G

The Jane Trust, un trust constitué et organisé selon les lois de la province du New Brunswick, Canada, dont le siège

social est établi à 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (l'Associé 3),

ici représenté par Peggy Simon, prénommée, en vertu d'une procuration donnée sous seing privé, et
The Cattan Trust, un trust constitué et organisé selon les lois de la province du New Brunswick, Canada, dont le siège

social est établi à 44 Chupman Hill, St John, New Brunswick, Canada, E2L 4S6, (l'Associé 4, et avec l'Associé 1, l'Associé
2 et l'Associé 3, les Associés),

ici représenté par Peggy Simon, prénommée, en vertu d'une procuration donnée sous seing privé.
Les procurations, après avoir été signées ne varietur par le mandataire des parties comparantes et le notaire instrumentant,

resteront annexées au présent acte pour les formalités de l'enregistrement.

Les Associés, représentés comme indiqué ci-dessus, ont requis le notaire instrumentant d'acter ce qui suit:
I. que (25.000) parts sociales de classe A et vingt-cinq mille (25.000) parts sociales de classe B d'une valeur nominale

de un dollar américain (USD 1,-) chacune, représentant l'intégralité du capital social de la Société sont dûment représentées
à cette Assemblée qui est par conséquent valablement constituée et peut considérer les points de l'ordre du jour reproduit
ci-après;

II. que l'ordre du jour de l'Assemblée est le suivant:
1. changement de la devise comptable de la Société avec effet rétroactif à compter de la date de la constitution de la

Société, du dollar américain (USD) au peso mexicain (MXN);

2. (i) conversion de la devise du capital social souscrit de la Société du dollar américain (USD) au peso mexicain (MXN);

(ii) fixation du nombre de parts sociales de la Société à sept cent trente-six mille neuf cent vingt (736.920) parts sociales;
et (iii) fixation de la valeur nominale des parts sociales de la Société à un peso mexicain (MXN 1) chacune;

3. modification subséquente de l'article 5.1 des Statuts de la Société afin d'y refléter les changements ci-dessus;
4. modification du registre des associés afin d'y refléter les modifications ci-dessus avec pouvoir et autorité donné à tout

gérant de la Société, agissant individuellement, pour inscrire et effectuer au nom et pour le compte de la Société la conversion
de la devise du capital social de la Société et la fixation de la nouvelle valeur nominale des parts sociales; et

5. divers.
III. que l'Assemblée décide de prendre les résolutions suivantes:

Première résolution

Les Associés décident de changer la devise comptable de la Société avec effet rétroactif à compter de la date de la

constitution de la Société, c'est-à-dire le 2 janvier 2015, du dollar américain (USD) au peso mexicain (MXN).

Deuxième résolution

Les Associés décident de convertir la devise du capital social souscrit de la Société du dollar américain (USD) au peso

mexicain (MXN) en utilisant le taux de change publié par Oanda le 2 janvier 2015, et selon lequel USD 1,- équivaut à
MXN 14,74 (dont preuve a été donnée au notaire instrumentant et qui restera annexée au présent acte) c'est-à-dire de le
convertir de cinquante mille dollars américains (USD 50.000,-) en sept cent trente-six mille neuf cent vingt pesos mexicains
(MXN 736.920,-).

Les Associés décident de fixer le capital social de la Société à sept cent trente-six mille neuf cent vingt pesos mexicains

(MXN 736.920,-) et de refixer la valeur nominale des parts sociales à un peso mexicain (MXN 1,-) par part sociale, de
sorte que le capital social de la Société est fixé à sept cent trente-six mille neuf cent vingt pesos mexicains (MXN 736.920,-)
divisé en trois cent soixante-huit mille quatre cent soixante (368.460) parts sociales de classe A et trois cent soixante-huit
mille quatre cent soixante (368.460) parts sociales de classe B d'une valeur nominale de un peso mexicain (MXN 1,-)
chacune.

Troisième résolution

En conséquence des résolutions ci-dessus, les Associés décident de modifier l'article 5.1 des Statuts, de sorte qu'il ait la

teneur suivante:

« 5.1. Le capital social est fixé à sept cent trente-six mille neuf cent vingt pesos mexicains (MXN 736.920) représenté

par trois cent soixante-huit mille quatre cent soixante (368.460) parts sociales de classe A (les Parts Sociales de Classe A)
et trois cent soixante-huit mille quatre cent soixante (368.460) parts sociales de classe B (les Parts Sociales de Classe B,
et avec les Parts Sociales de Classe A, les Parts Sociales), ayant une valeur nominale de un peso mexicain (MXN 1,-)
chacune, toutes entièrement libérées et disposant des droits et caractéristiques énoncés dans les Statuts.»

Quatrième résolution

Les Associés décident de modifier le registre des associés de la Société afin d'y refléter les modifications ci-dessus avec

pouvoir et autorité donné à tout gérant de la Société, agissant individuellement, pour inscrire et effectuer, au nom et pour
le compte de la Société, la conversion de la devise du capital social de la Société et la fixation de la nouvelle valeur nominale
des parts sociales.

82186

U X E M B O U R G

Le notaire instrumentant, qui comprend et parle l'anglais, déclare qu'à la demande des parties comparantes ou leur

mandataires, le présent acte est rédigé en anglais suivi d'une traduction française et en cas de divergences entre les versions
anglaise et française, la version anglaise prévaudra.

DONT ACTE, fait et passé à Echternach, date qu'en tête des présentes.
Le document ayant été lu à la mandataire des parties comparantes, elle a signé avec le notaire le présent acte.
Signé: P. SIMON, Henri BECK.
Enregistré à Grevenmacher Actes Civils, le 18 mai 2015 Relation: GAC/2015/4183 Reçu soixante-quinze euros 75,00

€

Le Receveur ff. (signé): C. PIERRET.

POUR EXPEDITION CONFORME, délivrée à demande, aux fins de dépôt au registre de commerce et des sociétés.

Echternach, le 29 mai 2015.

Référence de publication: 2015083184/174.
(150095238) Déposé au registre de commerce et des sociétés de Luxembourg, le 4 juin 2015.

CQS Aiguille du Chardonnet, Société à responsabilité limitée.

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

R.C.S. Luxembourg B 180.491.

Les statuts coordonnés de la société 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 6 juillet 2015.

Référence de publication: 2015108555/10.
(150118240) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

CQS Aiguille du Chardonnet, Société à responsabilité limitée.

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

R.C.S. Luxembourg B 180.491.

In the year two thousand and fifteen, on the twenty-sixth day of the month of June.
Before us Maître Martine SCHAEFFER, notary residing in Luxembourg, Grand Duchy of Luxembourg,

There appeared:

CQS Luxembourg Global S.à.r.l., incorporated under the laws of Luxembourg, with its registered office at 9, Rue Gabriel

Lippman, L-5365 Munsbach, Grand Duchy of Luxembourg (the “Sole Shareholder”), registered with R.C.S. Luxembourg
under number B 106642,

here represented by Mrs Rachel Hardy, Juriste, professionally residing in Luxembourg, pursuant to a proxy dated 24

June 2015, which shall remain annexed to the present deed after having been signed ne varietur by the proxyholder and
the undersigned notary, being the sole shareholder of CQS Aiguille du Chardonnet (the “Company”), a société à respon-
sabilité limitée, with its registered office at L-2346 Luxembourg, Carré Bonn, 20, Rue de la Poste, incorporated under
Luxembourg law by a deed of Maître Henri HELLINCKX, notary residing in Luxembourg, on the 20

of September 2013,

published in the Mémorial C, Recueil des Sociétés et Associations number 2545 on the 14

of October 2013.

The appearing party, acting in the above mentioned capacity, declared and requested the notary to record that:
1. The Sole Shareholder holds all the registered shares in issue in the Company so that the total share capital is represented

and resolutions can be validly taken by the Sole Shareholder.

2. The Sole Shareholder, represented as above mentioned, has recognised to be duly and fully informed of the resolutions

to be taken on the basis of the following agenda:

Agenda

Change of the currency of the Company’s share capital from Euro to United States Dollars by applying the exchange

rate fixed by the European Central Bank on 22 June 2015 and conversion of the existing Company’s share capital of thirteen
thousand Euro (€13,000.-) into United States Dollars; deletion of references to the nominal value per share in Article 6 of
the articles of incorporation of the Company; and consequential amendment of Article 6 of the Company’s articles of
incorporation to read as follows:

" Art. 6. The capital is set at fourteen thousand seven hundred forty-eight point five United States Dollars (USD 14,748.5)

divided into one hundred and thirty (130) units (the “Units”) without nominal value.”

3. The Sole Shareholder has taken the following resolution:

82187

U X E M B O U R G

Sole Resolution

The Sole Shareholder resolves:
- to change the currency of the Company’s share capital from Euro to United States Dollars by applying the exchange

rate fixed by the European Central Bank on 22 June 2015 corresponding to one Euro (€1) = one point one thousand three
hundred forty five United States Dollars ($1.1345);

- to convert the existing Company’s share capital of thirteen thousand Euro (€13,000.-) into fourteen thousand seven

hundred forty-eight point five United States Dollars ($14,748.5); and

- to delete references to the nominal value per share in Article 6 of the articles of incorporation of the Company.
As a result of the above resolutions, the Sole Shareholder resolves that Article 6 of the articles of incorporation be

amended to read as follows:

" Art. 6. The capital is set at fourteen thousand seven hundred forty-eight point five United States Dollars (USD 14,748.5)

divided into one hundred and thirty (130) units (the “Units”) without nominal value.” The undersigned notary who un-
derstands and speaks English, states herewith that on request of the above appearing party, the present deed is worded in
English followed by a French translation; on the request of the same appearing party and in case of divergences between
the English and the French text, the English version will prevail.

Whereof, the present notarial deed was drawn up in Luxembourg on the day named at the beginning of this document.
After reading this deed to the appearing party, the appearing party signed together with the notary the present deed.

Suit la traduction française du texte qui précède.

L’an deux mille quinze, le vingt-sixième jour du mois de juin.
Par devant Maître Martine SCHAEFFER, notaire de résidence à Luxembourg, Grand-Duché de Luxembourg.

A comparu:

CQS Luxembourg Global S.à.r.l., constituée selon le droit de Luxembourg, ayant son siège social à 9, Rue Gabriel

Lippman, L-5365 Munsbach, Grand-Duché de Luxembourg («l’Associé Unique»), inscrite au R.C.S. Luxembourg sous le
numéro B 106642,

représentée par Mme Rachel Hardy, Juriste, demeurant professionnellement à Luxembourg, en vertu d’une procuration

datée du 24 juin 2015, cette procuration restera annexée au présent acte après avoir été signée ne varietur par le mandataire
et le notaire soussigné, étant l’associé unique de CQS Aiguille du Chardonnet (la «Société»), société à responsabilité limitée,
ayant son siège social au 20, Carré Bonn, Rue de la Poste, L-2346 Luxembourg, constituée suivant acte de Maître Henri
HELLINCKX, notaire de résidence à Luxembourg, le 20 septembre 2013, publié au Mémorial C, Recueil des Sociétés et
Associations, numéro 2545 le 14 octobre 2013.

La partie comparante, agissant en sa capacité mentionnée ci-avant, a déclaré et requis le notaire instrumentant d’acter

ce qui suit:

1. L’Associé Unique détient l’ensemble des parts sociales nominatives émises par la Société de sorte que le total des

parts sociales est représenté et que les résolutions peuvent être valablement prises par l’Associé Unique.

2. L’Associé Unique, représenté comme susmentionné, reconnait avoir été dûment et pleinement informé des résolutions

à prendre sur le fondement de l’ordre du jour suivant:

Ordre du Jour

Conversion de la devise du capital de la Société de l’Euro en Dollars américains par application des taux de conversion

fixés par la Banque Centrale Européenne le 22 juin 2015 et conversion du capital existant de la Société d’un montant de
treize mille Euro (€13,000.-) en dollars américains; suppression des références à la valeur nominale par part sociale à
l’Article 6 des statuts de la Société; et, par conséquent, modification de l’Article 6 des statuts de la Société afin de lui donner
la teneur suivante:

« Art. 6. Le capital social s’élève quatorze mille sept cent quarante-huit virgule cinq Dollars américains (USD 14,748.5),

divisé en cent trente (130) parts sociales (les «Parts Sociales») sans désignation de valeur nominale.»

3. L’Associé Unique a pris les résolutions suivantes:

Résolution Unique

L’Associé Unique a décidé:
- de convertir la devise du capital de la Société de l’Euro en Dollars américains par application du taux de conversion

fixé par la Banque Centrale Européenne le 22 juin 2015 et correspondant à un Euro (€1.-) = un virgule mille trois cent
quarante-cinq Dollars américains ($1.1345);

- de convertir le capital existant de la Société d’un montant de treize mille Euro (€13,000.-) en quatorze mille sept cent

quarante-huit virgule cinq Dollars américains ($14,748.5); et

- de supprimer les références à la valeur nominale à l’Article 6 des statuts de la Société.

82188

U X E M B O U R G

En conséquence des résolutions adoptées ci-dessus, l’Associé Unique a décidé que l’Article 6 des Statuts sera rédigé

comme suit:

« Art. 6. Le capital social s’élève quatorze mille sept cent quarante-huit virgule cinq Dollars américains (USD 14,748.5),

divisé en cent trente (130) parts sociales (les «Parts Sociales») sans désignation de valeur nominale.»

Le notaire soussigné qui comprend et parle l’anglais, déclare qu’à la requête de la partie comparante, le présent acte a

été établi en anglais, suivi d’une version française; à la requête de cette même partie comparante et en cas de divergences
entre la version anglaise et la version française, la version anglaise prévaudra.

Dont acte, fait et passé à Luxembourg, date qu'en tête des présentes.
Et après lecture faite à la personne comparante, celle-ci a signé avec Nous, notaire, l’original du présent acte.
Signé: R. Hardy et M. Schaeffer.
Enregistré à Luxembourg Actes Civils 2, le 30 juin 2015. 2LAC/2015/14494. Reçu soixante-quinze euros EUR 75,-

Le Receveur (signé): André MULLER.

POUR EXPEDITION CONFORME, délivrée à la demande de la prédite société, sur papier libre, aux fins de publication

au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 6 juillet 2015.

Référence de publication: 2015108556/101.
(150118241) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

Guardian Industries Europe S.à r.l., Société à responsabilité limitée.

Capital social: EUR 10.000.000,00.

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

R.C.S. Luxembourg B 78.695.

Les comptes annuels au 31 décembre 2014, ainsi que le rapport de gestion 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 15 mai 2015.

Pour Guardian Industries Europe S.à r.l.
Signature

Référence de publication: 2015073200/13.
(150083295) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

Global Retail Fashion S.à r.l., Société à responsabilité limitée.

Capital social: MXN 736.920,00.

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

R.C.S. Luxembourg B 193.568.

The year two thousand and fifteen, on the thirteenth day of May.
Before Us Maître Henri BECK, notary residing in Echternach, Grand-Duchy of Luxembourg,

was held

an extraordinary general meeting (the Meeting) of the shareholders of Global Retail Fashion S.à r.l., a private limited

liability company (société à responsabilité limitée) incorporated and organised under the laws of the Grand-Duchy of
Luxembourg, with registered office at 2-8, avenue Charles De Gaulle, L-1653 Luxembourg, Grand Duchy of Luxembourg,
registered with the Luxembourg Register of Commerce and Companies under number B 193568 and having a share capital
of fifty thousand United States Dollars (USD 50,000.-) (the Company), established by notarial deed by Maître Henri BECK,
notary residing at Echternach, Grand Duchy of Luxembourg on 2 January 2015, published on 17 February 2015, in the
Mémorial C, Recueil des Sociétés et Associations (the Mémorial) number 426. The articles of association of the Company
(the Articles) have not been amended since incorporation on 2 January 2015.

THERE APPEARED:

Fashion Distribution Investment S.à r.l., a private limited liability company (société à responsabilité limitée) incorpo-

rated and organised under the laws of the Grand-Duchy of Luxembourg, with registered office at 2-8, avenue Charles De
Gaulle, L-1653 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and
Companies under number B 193452, (the Sole Shareholder),

here represented by Peggy Simon, employee, whose professional address is in L-6475 Echternach, 9, Rabatt, by virtue

of a power of attorney given in under private seal.

82189

U X E M B O U R G

The power of attorney, after signature ne varietur by the representative of the appearing party and the undersigned notary,

will remain attached to this deed for the purpose of registration.

The Sole Shareholder, represented as stated here above, has requested the undersigned notary to record the following:
I. that fifty thousand (50,000) shares having a nominal value of one United States Dollar (USD 1.-) each, and representing

the entirety of the share capital of the Company, are duly represented at this Meeting which is consequently regularly
constituted and may consider the items of the agenda, hereinafter reproduced;

II. that the agenda of the Meeting is worded as follows:
1. change of the accounting currency of the Company, with retroactive effect as of the date of the incorporation of the

Company, from United States Dollars (USD) to Mexican Pesos (MXN);

2. (i) conversion of the currency of the subscribed share capital of the Company from United States Dollars (USD) to

3. subsequent amendment to article 5.1 of the Articles of Association of the Company in order to reflect the above

changes;

4. amendment to the register of shareholders of the Company in order to reflect the above changes with power and

5. Miscellaneous.
III. that the Meeting has taken the following resolutions:

First resolution

The Sole Shareholder resolves to change the accounting currency of the Company, with retroactive effect as of the date

of the incorporation of the Company, i.e. 2 January 2015, from United States Dollars (USD) to Mexican Pesos (MXN).

Second resolution

The Sole Shareholder resolves to convert the currency of the subscribed share capital of the Company from United States

The Sole Shareholder resolves to set the share capital of the Company at seven hundred thirty-six thousand nine hundred

twenty Mexican Pesos (MXN 736,920.-) and to restate the nominal value of the shares at one Mexican Peso (MXN 1.-)
per share, such that the share capital of the Company is set at seven hundred thirty-six thousand nine hundred twenty
Mexican Pesos (MXN 736,920.-) divided into seven hundred thirty-six thousand nine hundred twenty (736,920) shares
having a nominal value of one Mexican Peso (MXN 1.-) each.

Third resolution

As a result of the above resolutions, the Sole Shareholder resolves to amend article 5.1 of the Articles of Association

such that it shall read as follows:

“ 5.1. The share capital is set at seven hundred thirty-six thousand nine hundred twenty Mexican Pesos (MXN 736,920),

represented by seven hundred thirty-six thousand nine hundred twenty (736,920) shares in registered form, having a nominal
value of one of one Mexican Peso (MXN 1.-) each”

Fourth resolution

The Sole Shareholder resolves to amend the register of shareholders of the Company in order to reflect the above changes

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

its representative, the present deed is worded in English followed by a French version and in case of discrepancies between
the English and the French text, the English version will prevail.

the notary the present deed.

Suit la traduction française du texte qui précède

L'an deux mille quinze, le treizième jour de mai.

82190

U X E M B O U R G

Par devant Nous, Maître Henri BECK, notaire de résidence à Echternach, Grand-Duché de Luxembourg,

s'est tenue

une assemblée générale extraordinaire (l'Assemblée) des associés de Global Retail Fashion S.à r.l., une société à res-

ponsabilité limitée existant et constituée selon les lois du Grand-Duché de Luxembourg, dont le siège social se situe au
2-8, avenue Charles De Gaulle, L-1653 Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxem-
bourg sous le numéro B 193568 et disposant d'un capital social de cinquante mille dollars américains (USD 50.000,-) (la
Société), constituée par acte notarié de Maître Henri BECK, notaire de résidence à Echternach, Grand-Duché de Luxem-
bourg le 2 janvier 2015, publié au Mémorial C, Recueil des Sociétés et Associations (le Mémorial) numéro 426 du 17
février 2015. Les statuts de la Société (les Statuts) n'ont pas été modifiés depuis sa constitution le 2 janvier 2015.

A COMPARU:

Fashion Distribution Investment S.à r.l., une société à responsabilité limitée constituée et régie selon les lois du Grand-

Duché de Luxembourg, dont le siège social se situe au 2-8, avenue Charles De Gaulle, L-1653 Luxembourg, immatriculée
au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 193452, (l'Associé Unique),

ici représenté par Peggy Simon, employée, de résidence professionnelle à L-6475 Echternach, 9, Rabatt, en vertu d'une

procuration donnée sous seing privé.

Ladite procuration, après avoir été signée ne varietur par le mandataire agissant pour le compte de la partie comparante

et le notaire instrumentant, restera annexée au présent acte pour les besoins de l'enregistrement.

L'Associé Unique, représenté comme indiqué ci-dessus, a requis le notaire instrumentant d'acter ce qui suit:
I. que cinquante mille (50.000) parts sociales d'une valeur nominale de un dollar américain (USD 1,-) chacune, repré-

sentant l'intégralité du capital social de la Société sont dûment représentées à cette Assemblée qui est par conséquent
valablement constituée et peut considérer les points de l'ordre du jour reproduit ci-après;

II. que l'ordre du jour de l'Assemblée est le suivant:
1. changement de la devise comptable de la Société avec effet rétroactif à compter de la date de la constitution de la

Société, du dollar américain (USD) au peso mexicain (MXN);

2. (i) conversion de la devise du capital social souscrit de la Société du dollar américain (USD) au peso mexicain (MXN);

gérant de la Société, agissant individuellement, pour inscrire et effectuer, au nom et pour le compte de la Société, la
conversion de la devise du capital social de la Société et la fixation de la nouvelle valeur nominale des parts sociales; et

5. divers.
III. que l'Assemblée décide de prendre les résolutions suivantes:

Première résolution

L'Associé Unique décide de changer la devise comptable de la Société avec effet rétroactif à compter de la date de la

constitution de la Société, c'est-à-dire le 2 janvier 2015, du dollar américain (USD) au peso mexicain (MXN).

Deuxième résolution

L'Associé Unique décide de convertir la devise du capital social souscrit de la Société du dollar américain (USD) au

peso mexicain (MXN) en utilisant le taux de change publié par Oanda le 2 janvier 2015, et selon lequel USD 1,- équivaut
à MXN 14,74 (dont preuve a été donnée au notaire instrumentant et qui restera annexée au présent acte) c'est-à-dire de le
convertir de cinquante mille dollars américains (USD 50.000,-) en sept cent trente-six mille neuf cent vingt pesos mexicains
(MXN 736.920,-).

L'Associé Unique décide de fixer le capital social de la Société à sept cent trente-six mille neuf cent vingt pesos mexicains

(MXN 736.920,-) et de refixer la valeur nominale des parts sociales à un peso mexicain (MXN 1,-) par part sociale, de
sorte que le capital social de la Société est fixé à sept cent trente-six mille neuf cent vingt pesos mexicains (MXN 736.920,-)
divisé en sept cent trente-six mille neuf cent vingt (736.920) parts sociales d'une valeur nominale de un peso mexicain
(MXN 1,-) chacune.

Troisième résolution

En conséquence des résolutions ci-dessus, l'Associé Unique décide de modifier l'article 5.1 des Statuts, de sorte qu'il ait

la teneur suivante:

« 5.1. Le capital social est fixé à sept cent trente-six mille neuf cent vingt pesos mexicains (MXN 736.920), représenté

par sept cent trente-six mille neuf cent vingt (736.920) parts sociales sous forme nominative, ayant une valeur nominale
de un peso mexicain (MXN 1,-) chacune.»

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Quatrième résolution

L'Associé Unique décide de modifier le registre des associés de la Société afin d'y refléter les modifications ci-dessus

avec pouvoir et autorité donné à tout gérant de la Société, agissant individuellement, pour inscrire et effectuer, au nom et
pour le compte de la Société, la conversion de la devise du capital social de la Société et la fixation de la nouvelle valeur
nominale des parts sociales.

Le notaire instrumentant, qui comprend et parle l'anglais, déclare qu'à la demande de la partie comparante ou de son

mandataire le présent acte est rédigé en anglais suivi d'une traduction française et en cas de divergences entre les versions
anglaise et française, la version anglaise prévaudra.

DONT ACTE, fait et passé à Echternach, date qu'en tête des présentes.
Le document ayant été lu à la mandataire de la partie comparante, elle a signé avec le notaire le présent acte.
Signé: P. SIMON, Henri BECK.
Enregistré à Grevenmacher Actes Civils, le 18 mai 2015. Relation: GAC/2015/4185. Reçu soixante-quinze euros 75,00

€

Le Receveur ff. (signé): C. PIERRET.

POUR EXPEDITION CONFORME délivrée à demande, aux fins de dépôt au registre de commerce et des sociétés.

Echternach, le 29 mai 2015.

Référence de publication: 2015079422/149.
(150091325) Déposé au registre de commerce et des sociétés de Luxembourg, le 29 mai 2015.

Cottyn-Kieffer S.à r.l., Société à responsabilité limitée.

Siège social: L-3895 Foetz, 13, rue de l'Industrie.

R.C.S. Luxembourg B 103.943.

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

Siège social: L-3895 Foetz, 11, rue de l'Industrie.

R.C.S. Luxembourg B 103.935.

PROJET COMMUN DE FUSION

entre
Cottyn-Kieffer S. à r.l. & Tubalux S. à r.l.
Le présent projet commun de fusion a pour objet ce qui suit:
Conformément aux articles 257 et suivants de la loi du 10 août 1915 sur les sociétés commerciales, telle que modifiée,
Cottyn-Kieffer S. à r.l., une société à responsabilité limitée ayant son siège social à L-3895 Foetz, 13, rue de l’Industrie,

Grand-Duché de Luxembourg, inscrite au Registre de Commerce du Luxembourg sous le numéro B103943, la "Société
Absorbante",

projette de fusionner par absorption de:
Tubalux S. à r.l., une société à responsabilité limitée ayant son siège social à L-3895 Foetz, 11, rue de l’Industrie, Grand-

Duché de Luxembourg, inscrite au Registre de Commerce du Luxembourg sous le numéro B103935, la "Société Absorbée",

Etant donné que la Société Absorbante et la Société Absorbée ont le même associé unique, à savoir Bieber Immo S.àr.l.,

une société à responsabilité limitée avec siège social à L-3895 Foetz, 13, rue de l’Industrie, R.C.S. Luxembourg B112783,
il est décidé de ne pas établir de rapport d'échange et de réaliser la fusion moyennant transfert de l’ensemble des actifs et
passifs sans exception ni réserve de la Société Absorbée à la Société Absorbante et de rémunérer ce transfert moyennant
inscription dans le bilan de la Société Absorbante d'une prime de fusion calculée sur base de l’actif net comptable de la
Société Absorbée tel qu'il résulte de sa situation comptable arrêtée au 31 décembre 2015.

Aucune modalité n'est donc fixée quant à la remise de parts sociales nouvelles à l’associé unique de la Société Absorbée.
Pour permettre à la Société Absorbante de continuer les activités de la Société Absorbée, il y a lieu de modifier son objet

social en donnant la teneur suivante à l’article 3 de ses statuts:

« Art. 3. La société a pour objet l’exploitation d’une entreprise de couvreur-ferblantier, charpentier, installateur chauf-

fage-sanitaire, fumiste-ramoneur, monteur d’échafaudages, ainsi que toutes activités et la vente d’articles se rapportant aux
branches.

La société a en outre pour objet la vente et la commercialisation de matériaux de construction, la fabrication et vente de

gaines de ventilation, la vente et l’installation de poêles à bois et/ou pellets avec ou sans raccordement au système de
chauffage, les travaux de ramonage et de fumisterie, la vente et l’installation de systèmes de chauffage central, la vente et
l’installation d'inserts et feux ouverts, la vente de barbecues avec accessoires, la vente et l’installation de poêles et inserts
au bioéthanol et au gaz naturel ainsi que toute activité liée à la branche.

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Elle pourra effectuer toutes opérations commerciales, industrielles, financières, mobilières et immobilières se rattachant

directement ou indirectement à l’objet social ou susceptibles d’en faciliter la réalisation ou le développement.»

Tous les actifs et tous les passifs de la Société Absorbée seront considérés d'un point de vue comptable comme transférés

à la Société Absorbante avec effet au 1

janvier 2015 et tous les bénéfices faits et toutes les pertes encourues par la Société

Absorbée après cette date seront réputés du point de vue comptable, comme faits et encourues au nom et pour le compte
de la Société Absorbante.

Le patrimoine de la Société Absorbée transmis de plein droit à la Société Absorbante par l’effet de la fusion comprend

notamment tous droits relatifs aux marques, dont «Tubalux, poêles et cheminées».

Les obligations de la Société Absorbée en qualité d'employeur, envers le personnel dont la relation de travail est transmise

du fait de la fusion à la Société Absorbante, ainsi que tous droits afférents en vertu d'un contrat de travail sont transférés
de plein droit par l’effet de la fusion et feront l’objet de conventions spécifiques.

Il n'y a pas de droits spéciaux accordés à l’associé de la Société Absorbée, ni de porteurs de titres autres que les parts

sociales, de sorte qu'aucune mesure n'a été proposée à leur égard.

Aucun avantage particulier ne sera attribué aux gérants des sociétés qui fusionnent.
L'associé unique renoncera à tout rapport à émettre par les gérances des sociétés qui fusionnent.
La Société Absorbante étant une société à responsabilité limitée, un rapport de réviseur d'entreprises agréé portant sur

la valorisation du patrimoine transféré n'est pas requis par la loi et l’associé unique n'en souhaite pas un.

Il est signalé que le patrimoine de la Société Absorbée ne comprend aucun immeuble.
Les assemblées générales extraordinaires des Sociétés Absorbées et de la Société Absorbante, qui auront à approuver

le projet de fusion, auront lieu immédiatement après l’expiration du délai d'un mois à partir de la publication du présent
projet.

Foetz, le 2 juillet 2015.

Pour Cottyn-Kieffer S. à r.l. et pour Tubalux S. à r.l.
Claude Biever

Référence de publication: 2015106577/62.
(150117605) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 juillet 2015.

Sanichaufer Toitures S.à r.l., Société à responsabilité limitée.

Siège social: L-3895 Foetz, 13, rue de l'Industrie.

R.C.S. Luxembourg B 49.153.

Sanichaufer Entretien Toitures S.à r.l., Société à responsabilité limitée.

Siège social: L-3895 Foetz, 13, rue de l'Industrie.

R.C.S. Luxembourg B 84.533.

PROJET COMMUN DE FUSION

entre
Sanichaufer Toitures S. à r.l. & Sanichaufer Entretien Toitures S. à r.l.
Le présent projet commun de fusion a pour objet ce qui suit:
Conformément aux articles 257 et suivants de la loi du 10 août 1915 sur les sociétés commerciales, telle que modifiée,
Sanichaufer Toitures S. à r.l., une société à responsabilité limitée ayant son siège social à L- 3895 Foetz, 13, rue de

l'Industrie, Grand-Duché de Luxembourg, inscrite au Registre de Commerce du Luxembourg sous le numéro B49153, la
"Société Absorbante",

projette de fusionner par absorption de:
Sanichaufer Entretien Toitures S. à r.l., une société à responsabilité limitée ayant son siège social à L-3895 Foetz, 13,

rue de l'Industrie, Grand-Duché de Luxembourg, inscrite au Registre de Commerce du Luxembourg sous le numéro B84533,
la "Société Absorbée",

Etant donné que la Société Absorbante et la Société Absorbée ont le même associé unique, à savoir Bieber Immo S.àr.l.,

une société à responsabilité limitée avec siège social à L-3895 Foetz, 13, rue de l’Industrie, R.C.S. Luxembourg B112783,
il est décidé de ne pas établir de rapport d'échange et de réaliser la fusion moyennant transfert de l'ensemble des actifs et
passifs sans exception ni réserve de la Société Absorbée à la Société Absorbante et de rémunérer ce transfert moyennant
inscription dans le bilan de la Société Absorbante d'une prime de fusion calculée sur base de l'actif net comptable de la
Société Absorbée tel qu'il résulte de sa situation comptable arrêtée au 31 décembre 2015.

Aucune modalité n'est donc fixée quant à la remise de parts sociales nouvelles à l'associé unique de la Société Absorbée.
L’objet social des deux sociétés étant identique, il n’y a pas lieu de modifier celui de la Société Absorbante pour lui

permettre de continuer les activités de la Société Absorbée.

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Tous les actifs et tous les passifs de la Société Absorbée seront considérés d'un point de vue comptable comme transférés

à la Société Absorbante avec effet au 1

janvier 2015 et tous les bénéfices faits et toutes les pertes encourues par la Société

Absorbée après cette date seront réputés du point de vue comptable, comme faits et encourues au nom et pour le compte
de la Société Absorbante.

Les obligations de la Société Absorbée en qualité d'employeur, envers le personnel dont la relation de travail est transmise

du fait de la fusion à la Société Absorbante, ainsi que tous droits afférents en vertu d'un contrat de travail sont transférés
de plein droit par l'effet de la fusion et feront l'objet de conventions spécifiques.

Il n'y a pas de droits spéciaux accordés à l'associé de la Société Absorbée, ni de porteurs de titres autres que les parts

sociales, de sorte qu'aucune mesure n'a été proposée à leur égard.

la valorisation du patrimoine transféré n'est pas requis par la loi et l'associé unique n'en souhaite pas un.

le projet de fusion, auront lieu immédiatement après l'expiration du délai d'un mois à partir de la publication du présent
projet.

Foetz, le 2 juillet 2015.

Pour Sanichaufer Toitures S. à r.l. et pour Sanichaufer Entretien Toitures S. à r.l.
Claude Biever

Référence de publication: 2015107049/51.
(150117603) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 juillet 2015.

Outlet International Group S.à r.l., Société à responsabilité limitée.

Capital social: MXN 368.460,00.

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

R.C.S. Luxembourg B 193.600.

The year two thousand and fifteen, on the thirteenth day of May.
Before Us Maître Henri BECK, notary residing in Echternach, Grand-Duchy of Luxembourg,

was held

an extraordinary general meeting (the Meeting) of the shareholders of Outlet International Group S.à r.l., a private limited

liability company (société à responsabilité limitée) incorporated and organised under the laws of the Grand-Duchy of
Luxembourg, with registered office at 2-8, avenue Charles De Gaulle, L-1653 Luxembourg, Grand Duchy of Luxembourg,
registered with the Luxembourg Register of Commerce and Companies under number B 193600 and having a share capital
of twenty-five thousand United States Dollars (USD 25,000.-) (the Company), established by notarial deed by Maître Henri
BECK, notary residing at Echternach, Grand Duchy of Luxembourg on 2 January 2015, published on 18 February 2015,
in the Mémorial C, Recueil des Sociétés et Associations (the Mémorial) number 448. The articles of association of the
Company (the Articles) have not been amended since incorporation on 2 January 2015.

THERE APPEARED:

Global Retail Fashion S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

organised under the laws of the Grand-Duchy of Luxembourg, with registered office at 2-8, avenue Charles De Gaulle,
L-1653 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Compa-
nies under number B 193568, (the Sole Shareholder),

here represented by Peggy Simon, employee, whose professional address is in L-6475 Echternach, 9, Rabatt, by virtue

of a power of attorney given in under private seal.

The power of attorney, after signature ne varietur by the representative of the appearing party and the undersigned notary,

will remain attached to this deed for the purpose of registration.

The Sole Shareholder, represented as stated here above, has requested the undersigned notary to record the following:
I. that twenty-five thousand (25,000) shares having a nominal value of one United States Dollar (USD 1.-) each, and

representing the entirety of the share capital of the Company, are duly represented at this Meeting which is consequently
regularly constituted and may consider the items of the agenda, hereinafter reproduced;

II. that the agenda of the Meeting is worded as follows:
1. change of the accounting currency of the Company, with retroactive effect as of the date of the incorporation of the

Company, from United States Dollars (USD) to Mexican Pesos (MXN);

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U X E M B O U R G

2. (i) conversion of the currency of the subscribed share capital of the Company from United States Dollars (USD) to

Mexican Pesos (MXN); (ii) setting of the number of shares of the Company at three hundred sixty-eight thousand four
hundred sixty (368,460) shares; and (iii) setting of the nominal value of the shares of the Company at one Mexican Peso
(MXN 1.-) each;

3. subsequent amendment to article 5.1 of the Articles of Association of the Company in order to reflect the above

changes;

4. amendment to the register of shareholders of the Company in order to reflect the above changes with power and

5. Miscellaneous.
III. that the Meeting has taken the following resolutions:

First resolution

The Sole Shareholder resolves to change the accounting currency of the Company, with retroactive effect as of the date

of the incorporation of the Company, i.e. 2 January 2015, from United States Dollars (USD) to Mexican Pesos (MXN).

Second resolution

The Sole Shareholder resolves to convert the currency of the subscribed share capital of the Company from United States

Dollars (USD) to Mexican Pesos (MXN) by using the exchange rate published by Oanda on 2 January 2015, and according
to which USD 1.- is the equivalent of MXN 14.74 (evidence of which has been given to the undersigned notary and will
remain attached to the present deed) that is, to convert from twenty-five thousand United States Dollars (USD 25,000.-)
into three hundred sixty-eight thousand four hundred sixty Mexican Pesos (MXN 368,460.-).

The Sole Shareholder resolves to set the share capital of the Company at three hundred sixty-eight thousand four hundred

sixty Mexican Pesos (MXN 368,460.-) and to restate the nominal value of the shares at one Mexican Peso (MXN 1.-) per
share, such that the share capital of the Company is set at three hundred sixty-eight thousand four hundred sixty Mexican
Pesos (MXN 368,460.-) divided into three hundred sixty-eight thousand four hundred sixty (368,460) shares having a
nominal value of one Mexican Peso (MXN 1.-) each.

Third resolution

As a result of the above resolutions, the Sole Shareholder resolves to amend article 5.1 of the Articles of Association

such that it shall read as follows:

“ 5.1. The share capital is set at three hundred sixty-eight thousand four hundred sixty Mexican Pesos (MXN 368,460.-),

represented by three hundred sixty-eight thousand four hundred sixty (368,460) shares in registered form, having a nominal
value of one of one Mexican Peso (MXN 1.-) each”

Fourth resolution

The Sole Shareholder resolves to amend the register of shareholders of the Company in order to reflect the above changes

with power and authority given to any manager of the Company, each acting individually, to proceed in the name and on
behalf of the Company, to effect and record the conversion of the currency of the share capital of the Company, and the
setting of the new nominal value of the shares.

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

its representative, the present deed is worded in English followed by a French version and in case of discrepancies between
the English and the French text, the English version will prevail.

the notary the present deed.

Suit la traduction française du texte qui précède

L'an deux mille quinze, le treizième jour de mai.
Par devant Nous, Maître Henri BECK, notaire de résidence à Echternach, Grand-Duché de Luxembourg,

s'est tenue

une assemblée générale extraordinaire (l'Assemblée) des associés de Outlet International Group S.à r.l., une société à

responsabilité limitée existant et constituée selon les lois du Grand-Duché de Luxembourg, dont le siège social se situe au
2-8, avenue Charles De Gaulle, L-1653 Luxembourg, Grand-Duché de Luxembourg, immatriculée au Registre de Com-
merce et des Sociétés de Luxembourg sous le numéro B 193600 et disposant d'un capital social s'élevant à vingt-cinq mille
dollars américains (USD 25.000,-) (la Société), constituée par acte notarié de Maître Henri BECK, notaire de résidence à
Echternach, Grand-Duché de Luxembourg le 2 janvier 2015, publié au Mémorial C, Recueil des Sociétés et Associations

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U X E M B O U R G

(le Mémorial) numéro 448 du 18 février 2015. Les statuts de la Société (les Statuts) n'ont pas été modifiés depuis sa
constitution le 2 janvier 2015.

A COMPARU:

Global Retail Fashion S.à r.l., une société à responsabilité limitée constituée et régie selon les lois du Grand-Duché de

Luxembourg, dont le siège social se situe au 2-8, avenue Charles De Gaulle, L-1653 Luxembourg, Grand-Duché de Lu-
xembourg, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 193568, (l'Associé
Unique),

ici représenté par Peggy Simon, employée, de résidence professionnelle à L-6475 Echternach, 9, Rabatt, en vertu d'une

procuration donnée sous seing privé.

Ladite procuration, après avoir été signée ne varietur par le mandataire agissant pour le compte de la partie comparante

et le notaire instrumentant, restera annexée au présent acte pour les besoins de l'enregistrement.

L'Associé Unique, représenté comme indiqué ci-dessus, a requis le notaire instrumentant d'acter ce qui suit:
I. que vingt-cinq mille (25.000) parts sociales d'une valeur nominale de un dollar américain (USD 1,-) chacune, repré-

II. que l'ordre du jour de l'Assemblée est le suivant:
1. changement de la devise comptable de la Société avec effet rétroactif à compter de la date de la constitution de la

Société, du dollar américain (USD) au peso mexicain (MXN);

2. (i) conversion de la devise du capital social souscrit de la Société du dollar américain (USD) au peso mexicain (MXN);

(ii) fixation du nombre de parts sociales de la Société à trois cent soixante-huit mille quatre cent soixante (368.460) parts
sociales; et (iii) fixation de la valeur nominale des parts sociales de la Société à un peso mexicain (MXN 1) chacune;

5. divers.
III. que l'Assemblée décide de prendre les résolutions suivantes:

Première résolution

L'Associé Unique décide de changer la devise comptable de la Société avec effet rétroactif à compter de la date de la

constitution de la Société, c'est-à-dire le 2 janvier 2015, du dollar américain (USD) au peso mexicain (MXN).

Deuxième résolution

L'Associé Unique décide de convertir la devise du capital social souscrit de la Société du dollar américain (USD) au

peso mexicain (MXN) en utilisant le taux de change publié par Oanda le 2 janvier 2015, et selon lequel USD 1,- équivaut
à MXN 14,74 (dont preuve a été donnée au notaire instrumentant et qui restera annexée au présent acte) c'est-à-dire de le
convertir de vingt-cinq mille dollars américains (USD 25.000,-) en trois cent soixante-huit mille quatre cent soixante pesos
mexicains (MXN 368.460,-).

L'Associé Unique décide de fixer le capital social de la Société à trois cent soixante-huit mille quatre cent soixante pesos

mexicains (MXN 368.460,-) et de refixer la valeur nominale des parts sociales à un peso mexicain (MXN 1,-) par part
sociale, de sorte que le capital social de la Société est fixé à trois cent soixante-huit mille quatre cent soixante pesos
mexicains (MXN 368.460,-) divisé en trois cent soixante-huit mille quatre cent soixante (368.460) parts sociales d'une
valeur nominale de un peso mexicain (MXN 1,-) chacune.

Troisième résolution

En conséquence des résolutions ci-dessus, l'Associé Unique décide de modifier l'article 5.1 des Statuts, de sorte qu'il ait

la teneur suivante:

« 5.1. Le capital social est fixé à trois cent soixante-huit mille quatre cent soixante pesos mexicains (MXN 368.460,-),

représenté par trois cent soixante-huit mille quatre cent soixante (368.460) parts sociales sous forme nominative, ayant une
valeur nominale de un peso mexicain (MXN 1,-) chacune.»

Quatrième résolution

L'Associé Unique décide de modifier le registre des associés de la Société afin d'y refléter les modifications ci-dessus

Le notaire instrumentant, qui comprend et parle l'anglais, déclare qu'à la demande de la partie comparante ou de son

mandataire le présent acte est rédigé en anglais suivi d'une traduction française et en cas de divergences entre les versions
anglaise et française, la version anglaise prévaudra.

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€

Le Receveur ff. (signé): C. PIERRET.

POUR EXPEDITION CONFORME, délivrée à demande, aux fins de dépôt au registre de commerce et des sociétés.

Echternach, le 29 mai 2015.

Référence de publication: 2015079764/151.
(150091324) Déposé au registre de commerce et des sociétés de Luxembourg, le 29 mai 2015.

LO Perspective, Lombard Odier Perspective, Société d'Investissement à Capital Variable.

Siège social: L-2520 Luxembourg, 5, allée Scheffer.

R.C.S. Luxembourg B 198.191.

STATUTES

In the year two thousand and fifteen, on the second day of July.
Before us Maître Henri Hellinckx, notary residing in Luxembourg, Grand Duchy of Luxembourg.

There appeared:

Lombard Odier Funds (Europe) S.A., a société anonyme incorporated under the laws of the Grand-Duchy of Luxem-

bourg, having its registered office at 5, allée Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg, registered with
the Luxembourg Trade and Companies Register under number B 152.886,

hereby represented by Mrs. Ingrid Robert, residing professionally at 5, allée Scheffer, L-2520 Luxembourg, Grand

Duchy of Luxembourg, by virtue of a proxy given,

which shall remain annexed to this document to be filed with the registration authorities.
Such appearing person, in the capacity in which it acts, has requested the notary to state as follows the articles of

incorporation of a company in the form of a société anonyme qualifying as a "société d'investissement à capital variable":

Art. 1. There exists among the subscribers and all those who may become holders of shares, a company in the form of

a limited liability company ("société anonyme") qualifying as a "société d'investissement à capital variable" ("Sicav") under
the name of Lombard Odier Perspective, in short LO Perspective (the "Company"). Lombard Odier Perspective and LO
Perspective may be used independently from each other.

Art. 2. The Company is established for an unlimited duration.

Art. 3. The exclusive object of the Company is to place the funds available to it in transferable securities of all types

and all other permitted assets such as referred to in Part I of the law of 17 December 2010 regarding undertakings for
collective investment or any legislative replacements or amendment thereof (the “Law”) with the purpose of spreading
investment risks and affording its shareholders the results of the management of its portfolio.

The Company may take any measures and carry out any operation which it may deem useful in the accomplishment and

development of its purpose to the full extent permitted by the Law. The Company is authorised to delegate to third parties
one or several of its functions.

Art. 4. The registered office of the Company is established in Luxembourg City, in the Grand Duchy of Luxembourg.

If and to the extent permitted by Luxembourg law and regulations, the Board of Directors (the "Board") may decide to
transfer the registered office of the Company to any other place in the Grand Duchy of Luxembourg. Branches or other
offices may be established either in Luxembourg or abroad by resolution of the Board.

In the event that the Board determines that extraordinary political or military events have occurred or are imminent that

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

Art. 5. The capital of the Company shall be represented by shares of no par value (the "Shares") and shall at any time

be equal to the total net assets of the Company as defined hereafter.

The minimum capital of the Company shall be not less than one million two hundred and fifty thousand Euro (EURO

1,250,000.-).

The Board is authorised without limitation to issue Shares at any time at an issue price per Share (The “Issue Price”) of

the relevant class and category of Shares, as defined in Article 24, without reserving the existing shareholders a preferential
right to subscription of the shares to be issued. The Board may delegate to any duly authorized director of the Company (a

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U X E M B O U R G

"Director") or officer of the Company or to any other duly authorised person, the duty of accepting subscriptions and of
delivering and receiving payment for such shares.

When or before issuing a Share, the Board shall determine the class of shares ("Sub-Fund") by reference to which a

Share shall be designated and the Shares shall be divided into classes by reference to the Sub-Fund to which they have
been allocated. Notwithstanding the fact that the capital of the Company is expressed in EURO any sum payable on or in
relation to a Share (including but not limited to the issue and redemption price) shall be calculated and payable in the
currency which the Board shall either generally or in relation to a particular class determine (the "Dealing Currency").

The Board of Directors has the power, within each Sub-Fund, to issue Shares of several categories which may differ,

inter alia, in respect of their dividend policies, charging structures, hedging policies, investment minima, investor eligibility
or other specific features and which may be expressed in different currencies, as the Board may decide to issue. The Board
may decide if and from what date shares of any such classes shall be offered for sale, those shares to be issued on the terms
and conditions as shall be decided by the Board.

Where the context so requires, references in these Articles to classes shall mean references to such categories.
The Company may impose restrictions on the issuance of Shares of any Sub-Fund (also resulting from conversion

requests) during a certain period, as determined by the Board.

Art. 6. The Directors may issue Shares in registered form only.
Shareholders may obtain Share certificates relating to their shareholding.
The Company may at its election charge customary charges in that respect. If a shareholder does not elect to obtain

Share certificates, he will receive in lieu thereof a confirmation of his shareholding. Share certificates shall be signed by
two Directors or by a Director and an official duly authorised by the Board for such purpose. Signatures of the Directors
may be either manual or printed or by facsimile. The signature of the authorised official shall be manual. The Company
may issue temporary Share certificates in such form as the Board may from time to time determine.

Shares shall be issued only upon acceptance of the subscription and subject to payment of the price as set forth in Article

24 hereof. The subscriber will, without undue delay, obtain delivery of definitive Share certificates or, subject as aforesaid,
a confirmation of his shareholding.

Payments of dividends, if any, will be made to the holders of Shares, at their mandated addresses in the Register of

Shareholders or to such other address as given to the Directors in writing.

All issued Shares of the Company shall be recorded in the Register of Shareholders, which shall be kept by the Company

or by one or more persons designated therefore by the Company and such Register shall contain the name of each holder
of registered Shares, his residence or elected domicile so far as notified to the Company and the number, class and category
of Shares held by him. Every transfer of a Share shall be entered in the Register of Shareholders upon payment of such
customary fee as shall have been approved by the Directors for registering any other document relating to or affecting the
title to any Share.

The Company shall be free of all responsibility or liability to third parties in dealing with such Shares and shall be

justified in considering any right, interest or claim of any other person in or upon such Shares to be non-existing, provided
that the foregoing shall deprive no person of any right which it might properly have to demand the registration of a change
in the registration of Shares.

Shares shall be free from any restriction on the right of transfer and from any lien in favour of the Company.
Transfer of Shares shall be effected by way of a notice of the transfer to be entered in the Register of Shareholders of

the Company by such shareholder.

Every registered shareholder must provide the Company with an address to which all notices and announcements from

the Company may be sent. Such address will be entered in the Register of Shareholders. In the event of joint holders of
Shares, only one address will be inserted and any notices will be sent to that address only. In the event that the shareholder
does not provide such address, the Company may permit a notice to this effect to be entered in the Register of Shareholders
and the shareholder's address will be deemed to be at the registered office of the Company, or such other address as may
be so entered by the Company from time to time, until another address shall be provided to the Company by such shareholder.
The shareholder may, at any time, change his address as entered in the Register of Shareholders by means of a written
notification to the Company at its registered office, or at such other address as may be set by the Company from time to
time.

If payment made by any subscriber results in the issue of a Share fraction, such fraction shall be entered into the Register

of Shareholders. It shall not be entitled to vote but shall, to the extent the Company shall determine, be entitled to a
corresponding fraction of the dividend.

Art. 7. If any shareholder can prove to the satisfaction of the Company that his Share certificate has been mislaid,

mutilated or destroyed, then, at his request, a duplicate Share certificate may be issued under such conditions and guarantees,
including a bond delivered by an insurance company but without restriction thereto, as the Company may determine. At
the issuance of the new Share certificate, on which it shall be recorded that it is a duplicate, the original Share certificate
in place of which the new one has been issued shall become void.

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The Company may, at its election, charge the shareholder any exceptional out of pocket expenses incurred in issuing a

duplicate or a new Share certificate in substitution for one mislaid, mutilated or destroyed.

Art. 8. The Company may restrict or prevent the direct holding of Shares or the ownership of Shares by any person, firm

or corporate body, namely any person in breach of any law or requirement of any country or governmental authority and
any person which is not qualified to hold such shares by virtue of such law or requirement or if, as a result of the person
directly holding or owning such Shares the Company would be in breach of a given regulatory status or would suffer
taxation or other adverse disadvantage which it would not otherwise do as disclosed in the current prospectus of the
Company or, if the Board so decides and discloses in the current prospectus hereof, a United States Person as defined
hereinafter (altogether defined as "Restricted Person") and for such purpose the Company may:

(a) decline to issue any Share or to register any transfer of Shares where it appears to it that such issue or registry would

or might result in beneficial ownership of such Shares by a Restricted Person; and

(b) at any time require any person whose name is entered in, or any person seeking to register the transfer of Shares on,

the Register to furnish it with any information which it may consider necessary for the purpose of determining whether or
not direct holding or beneficial ownership of such shareholder’s Shares rests or will rest in a Restricted Person, and

(c) where it appears to the Company that (i) any Restricted Person, either alone or in conjunction with any other person,

is a direct holder of Shares or a beneficial owner of Shares, or (ii) any person, firm or corporate body previously eligible
to be a direct holder of Shares or a beneficial owner of Shares becomes a Restricted Person for any reason such as a change
of status, compulsorily redeem from such shareholder all Shares held by him within a certain time frame to be decided
discretionarily by the Board, (provided always that the shareholders shall have the obligation to notify the Company of
their change of status as soon as possible in a manner and a time frame (i) agreed in advance between the Company and
the shareholders or (ii) disclosed in the current prospectus of the Company), in the following manner:

(i) the Company shall serve a notice (hereinafter called the "Purchase Notice") upon the shareholder appearing in the

Register as the owner of the Shares to be purchased, specifying the Shares to be purchased as aforesaid, the price to be paid
for such Shares, and the place where the purchase price in respect of such Shares is payable. Any such notice may be served
upon such shareholder by posting the same in a prepaid registered envelope addressed to the shareholder at his last address
known to or appearing in the books of the Company. The said shareholder shall thereupon forthwith be obliged to deliver
to the Company the Certificate or Certificates relating to the Shares specified in the Purchase Notice. Immediately after
the close of business on the date specified in the Purchase Notice, such Shareholder shall cease to be the owner of the
Shares specified in such notice and his name shall be removed from the Register;

(ii) the price at which the Shares specified in any Purchase Notice shall be purchased (herein called “the Purchase Price”)

shall be an amount equal to the per Share Net Asset Value, determined in accordance with Article 23 hereof;

(iii) payment of the Purchase Price will be made to the owner of such Shares in EURO, except during periods of currency

exchange restrictions with respect thereto, and will be deposited by the Company in Luxembourg or elsewhere (as specified
in the Purchase Notice) for payment to such owner upon surrender of the Certificate or Certificates relating to the Shares
specified in such notice. Upon deposit of such price as aforesaid no person interested in the Shares specified in such Purchase
Notice shall have any further interest in such Shares or any of them, or any claim against the Company or its assets in
respect thereof, except the right of the person appearing as the owner thereof to receive the price so deposited (without
interest) upon effective surrender of the Certificate or Certificates as aforesaid;

(iv) the exercise by the Company of the powers conferred by this Article shall not be questioned or invalidated in any

case, on the ground that there was insufficient evidence of ownership of Shares by any person or that the true ownership
of any Shares was otherwise than appeared to the Company at the date of any Purchase Notice, provided that in such case
the said powers were exercised by the Company in good faith; and

(d) decline to accept the vote of any Restricted Person at any meeting of shareholders of the Company.
Whenever used in these Articles, the term "United States Person" or "U.S. Person" shall mean a citizen or resident of

the United States of America, a partnership organised or existing in any state, territory or possession of the United States
of America, a corporation organised under the laws of the United States of America or of any state, territory or possession
thereof, or any estate or trust, other than an estate or trust the income of which from sources without the United States is
not allowable in gross income for the purposes of computing United States income tax payable by it.

In addition, the Company may restrict the direct holding of Shares to certain categories of shareholders as disclosed in

the current prospectus of the Company where it appears that such restrictions are rendered necessary or even compulsory
by any legal, regulatory or compelling practical requirements to which the Company is subject.

Art. 9. Any regularly constituted meeting of the shareholders of the Company or of a class or category of shares shall

represent the entire body of shareholders of the Company or the class or category of shares as the case may be. Its resolutions
shall be binding upon all shareholders of the Company or the class or category of shares as the case may be regardless of
the number of Shares held by them. It shall have the broadest powers to order, carry out or ratify acts relating to the operations
of the Company.

Art. 10. The annual general meeting of shareholders shall be held, in accordance with Luxembourg law, in Luxembourg

at the registered office of the Company, or at such other place in Luxembourg as may be specified in the notice of meeting,
on the third Friday in March at 10.00 a.m.. If such day is not a bank business day in Luxembourg the annual general meeting

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shall be held on the next following bank business day in Luxembourg. The annual general meeting may be held abroad if,
in the absolute and final judgement of the Board, exceptional circumstances so require.

If permitted by and under the conditions set forth in Luxembourg laws and regulations, the annual general meeting of

shareholders may be held at a date, time or place other than those set forth in the preceding paragraph, that date, time or
place to be decided by the Board.

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

meeting.

Under the conditions set forth in Luxembourg laws and regulations, the convening notice of a general meeting of

shareholders may provide that the quorum and majority at such meeting will be determined according to the Shares issued
and outstanding at a certain date and time preceding the general meeting (the "Record Date"), whereas the right of a
shareholder to attend a general meeting of shareholders and to exercise the voting rights attaching to his/its/her Shares shall
be determined by reference to the Shares held by this shareholder as at the Record Date.

Art. 11. The quorum and delays required by law shall govern the notice for and conduct of the meetings of shareholders

of the Company, unless otherwise provided herein.

Each Share is entitled to one vote, subject to the limitations imposed by these Articles and by applicable Luxembourg

laws and regulations. A shareholder may act at any meeting of shareholders by appointing another person as his proxy in
writing or by facsimile or any other electronic means capable of evidencing the proxy.

Except as otherwise required by law or as otherwise provided herein, resolutions at a meeting of shareholders duly

convened will be passed by a simple majority vote of the votes cast. Votes cast shall not include votes in relation to shares
represented at the meeting but in respect of which the shareholders have not taken part in the vote or have abstained or
have returned a blank or invalid vote. A corporation may execute a proxy under the hand of a duly authorised officer.

The Board may determine all other conditions that must be fulfilled by shareholders for them to take part in any meeting

of shareholders.

For any decision affecting only the rights of the shareholders of a specific class, a separate class meeting may be convened

for which no quorum is required and resolutions will be passed by a simple majority of the votes cast, unless otherwise
required by law or by these Articles.

Art. 12. Shareholders will meet upon call by the Board, pursuant to a notice setting forth the agenda, sent at least 8 days

prior to the meeting to each shareholder at the shareholder's address in the Register of Shareholders provided the Company
shall not be bound to evidence the accomplishment of such notice, if the convening notice is as well published in accordance
with Luxembourg law.

However, if all shareholders are present or represented at a shareholders' meeting and if they declare themselves to be

fully informed of its agenda, the meeting may be held without notice or publicity having been given or made.

Art. 13. The Company shall be managed by a Board composed of not less than three members; members of the Board

need not be shareholders of the Company.

Subject as provided below, the Directors shall be elected by the shareholders at a general meeting, for a period ending

at the next annual general meeting and until their successors are elected and have accepted such appointment or, if later,
ending at the date of such election and acceptance, provided, however, that a Director may be removed with or without
cause and/or 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 may elect by way of cooptation, by
majority vote, a Director to fill such vacancy until the next meeting of shareholders.

At least 7 days' previous notice in writing shall be given to the Company of the intention of any shareholder to propose

any person other than a retiring Director for election to the office of Director and such notice shall be accompanied by
notice in writing signed by the person to be proposed confirming his willingness to be appointed; PROVIDED ALWAYS
that if the shareholders present at a general meeting unanimously consent, the chairman of such meeting may waive the
said notices and submit to the meeting the name of any person so nominated.

At a general meeting of the shareholders a motion in accordance with the preceding paragraph for the appointment of

two or more persons as Directors of the Company by a single resolution shall not be made unless a resolution that it shall
be so made has been first agreed to by the meeting without any vote being given against it.

Art. 14. The Board shall choose from among its members a chairman, and may choose from among its members one or

more vice-chairmen. It may also choose a secretary, who need not be a Director, who shall be responsible for keeping the
minutes of the meetings of the Board and of the shareholders. The Board shall meet upon call by any two Directors, at the
place indicated in the notice of meeting.

The chairman shall preside at all meetings of shareholders and at the Board, but in his absence the shareholders or the

Board may appoint any person as chairman pro tempore by vote of the majority present at any such meeting.

Written notice of any meeting of the Board shall be given to all Directors at least 24 hours in advance of the hour set

for such meeting, except in circumstances 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 cable, telegram, telex or telefax of each

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U X E M B O U R G

Director. Separate notice shall not be required for individual meetings held at times and places prescribed in a schedule
previously adopted by resolution of the Board.

Any Director may act at any meeting of the Board by appointing in writing or by cable, telegram, telex or telefax another

Director as his proxy. Directors may also cast their vote in writing or by cable, telegram, telex or telefax message. Any
Director may also participate in the Board meeting by video conference or any other telecommunication means allowing
for his identification and effective participation in the meeting.

The Directors may only act at duly convened meetings of the Board. Directors may not bind the Company by their

individual acts, except as specifically permitted by resolution of the Board.

The Board can deliberate or act validly only if at least a majority of Directors is present or represented at a meeting of

the Board. Decisions shall be taken by a majority of the votes of the Directors present or represented at such meeting. In
the event of a tie the chairman shall have a casting vote. No meeting will be validly held if the majority of the Directors
present or represented at that meeting are persons resident in the United Kingdom.

Resolutions of the Board may also be passed in the form of a consent resolution in identical terms which may be signed

on one or more counterparts by telex, telegram or telecopier message (in each such case confirmed in writing) by all the
Directors.

The Board from time to time may appoint or designate the officers of the Company, including executive directors,

general managers, a secretary, and any assistant general managers, assistant secretaries or other officers considered ne-
cessary for the operation and management of the Company. Any such appointment or designation may be revoked at any
time by the Board. Officers need not be Directors or shareholders of the Company. The officers appointed, unless otherwise
stipulated in these Articles, shall have the powers and duties given them by the Board.

The Board may delegate its powers to conduct the daily management and affairs of the Company and its powers to carry

out acts in furtherance of the corporate policy and purpose, to physical persons or corporate entities which need not be
members of the Board. The Board may also delegate any of its powers, authorities and discretions to any committee,
consisting of such person or persons (whether a member or members of the Board or not) as it thinks fit.

Art. 15. The minutes of any meeting of the Board shall be signed by the person who presided at such meeting.
Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise shall be signed by such

chairman, or by the secretary, or by two Directors.

Art. 16. The Board is vested with the broadest powers to perform all acts of administration and disposition in the

Company's interest. All powers not expressly reserved by law or by the present Articles to the general meeting of share-
holders are in the competence of the Board.

The Board shall have the power to do all things on behalf of the Company which are not expressly reserved to the

shareholders in general meeting by these Articles and shall, without limiting the generality of the aforegoing, have the
power to determine the corporate and investment policy for investments based on the principle of spreading of risks, subject
to such investment restrictions as may be imposed by the Law or by regulations or as may be determined by the Board.

The Board has, in particular, power to determine the corporate policy. The course of conduct of the management and

business affairs of the Company shall not effect such investments or activities as shall fall under such investment restrictions
as may be imposed by the Law and be laid down in the laws and regulations of those countries where the Shares are offered
for sale to the public and as shall be adopted from time to time by resolution of the Board and as shall be described in any
prospectus relating to the offer of Shares.

In the determination and implementation of the investment policy the Board may cause the assets of the Company to

be invested in transferable securities and money market instruments, units of UCITS authorised according to Directive
2009/65/EC and/or other UCIs within the meaning of Article 1, paragraph (2) first and second indents of Directive 2009/65/
EC, deposits with credit institutions, financial derivative instruments and all other permitted assets such as referred to in
Part I of the Law.

Such assets comprise but are not limited to:
(i) transferable securities and money market instruments admitted to official listing on a stock exchange in an Eligible

State (an "Official Listing"); and/or

(ii) transferable securities and money market instruments dealt in another regulated market which operates regularly

and is recognised and open to the public in an Eligible State (a "Regulated Market"); and/or

(iii) recently issued transferable securities and money market instruments, provided that the terms of issue include an

undertaking that application will be made for admission to an Official Listing or a Regulated Market and such admission
is achieved within a year of the issue.

(for this purpose an "Eligible State" shall mean a member State of the Organisation for Economic Cooperation and

Development ("OECD") and all other countries of Europe, the American Continents, Africa, Asia, the Pacific Basin and
Oceania).

(iv) money market instruments other than those admitted to an Official Listing or dealt in on a Regulated Market, which

are liquid and whose value can be determined with precision at any time, if the issue or issuer of such instruments is itself
regulated for the purpose of protecting investors and savings, and provided that they are:

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- issued or guaranteed by a central, regional or local authority or central bank of a Member State of the European Union

("Member State"), the European Central Bank, the European Union or the European Investment Bank, a non-Member State
or, in the case of a Federal State, by one of the members making up the federation, or by a public international body to
which one or more Member States belong, or

- issued by an undertaking, any securities of which are admitted to an Official Listing or dealt in on Regulated Markets

referred to in items (i) and (ii) above, or

- issued or guaranteed by an establishment subject to prudential supervision, in accordance with criteria defined by

Community law, or by an establishment which is subject to and complies with prudential rules considered by the Com-
mission de Surveillance du Secteur Financier (“CSSF”) to be at least as stringent as those laid down by Community Law,
or

- issued by other bodies belonging to the categories approved by the CSSF provided that investments in such instruments

are subject to investor protection equivalent to that laid down in the first, the second and the third indents and provided
that the issuer is a company whose capital and reserves amount to at least ten million euros (EUR 10.000.000) and which
presents and publishes its annual accounts in accordance with the fourth directive 78/660/EEC, is an entity which, within
a group of companies which includes one or several listed companies, is dedicated to the financing of the group or is an
entity which is dedicated to the financing of securitisation vehicles which benefit from a banking liquidity line.

The Company may also invest in transferable securities and money market instruments other than those referred to in

items (i) to (iv) above provided that the total of such investment shall not exceed 10 percent of the net assets attributable
to any Sub-Fund.

(v) units of undertakings for collective investment in transferable securities (“UCITS”) authorised according to Directive

2009/65/EC, as amended, and/or other undertakings for collective investment (“UCI”) within the meaning of Article 1,
paragraph (2) first and second indents of Directive 2009/65/EC, should they be situated in a Member State or not, provided
that:

- such other UCIs are authorised under laws which provide that they are subject to supervision considered by the CSSF

to be equivalent to that laid down in Community law, and that cooperation between authorities is sufficiently ensured;

- the level of protection for unit-holders in the other UCIs is equivalent to that provided for unit-holders in a UCITS,

and in particular that the rules on asset segregation, borrowing, lending, uncovered sales of transferable securities and
money market instruments are equivalent to the requirements of Directive 2009/65/EC, as amended;

- the business of the other UCIs is reported in half-yearly and annual reports to enable an assessment to be made of the

assets and liabilities, income and operations over the reporting period;

- no more than 10% of the UCITS' or the other UCIs' assets (or of the assets of any sub-fund thereof, provided that the

principle of segregation of liabilities of the different compartments is ensured in relation to third parties), whose acquisition
is contemplated, can, according to their constitutional documents, be invested in aggregate in units of other UCITS or other
UCIs.

No subscription or redemption fees may be charged to the Company if the Company invests in the units of other UCITS

and/or other UCIs that are managed, directly or by delegation, by the management company of the Company or by any
other company with which the management company of the Company is linked by common management or control, or by
a substantial direct or indirect holding.

Under the conditions set forth by the Luxembourg laws and regulations, any Sub-Fund of the Company may subscribe

and hold Shares of any other Sub-Fund of the Company. In this case and subject to conditions set forth in applicable
Luxembourg laws and regulations, the voting rights, if any, attached to these shares are suspended for as long as they are
held by the Sub-Fund concerned. In addition and for as long as these shares are held by a Sub-Fund, their value will not
be taken into consideration for the calculation of the net assets of the Company for the purposes of verifying the minimum
threshold of the net asset imposed by the Law.

The Sub-Funds may hold up to 10% of their net assets in units of UCITS or other UCIs, unless otherwise provided for

in the prospectus of the Company. The Sub-Funds qualifying as feeder UCITS, shall invest at least 85% of their assets in
another UCITS or a sub-fund of a UCITS, under the conditions set forth by the Luxembourg laws and regulations and as
provided for in the prospectus of the Company.

(vi) deposits with credit institutions which are repayable on demand or have the right to be withdrawn, and maturing in

no more than twelve months, provided that the credit institution has its registered seat in a Member State or, if the registered
seat of the credit institution is situated in a non-Member State, provided that it is subject to prudential rules considered by
the CSSF as equivalent to those laid down in Community law;

(vii) financial derivative instruments, including equivalent cash-settled instruments, admitted to an Official Listing or

dealt in on a Regulated Market referred to in items (i) and (ii) above; and/or financial derivative instruments dealt in over-
the-counter (“OTC derivatives”), provided that:

- the underlying consists of instruments described in sub-paragraphs (i) to (vi), financial indices, interest rates, foreign

exchange rates or currencies, in which the Company may invest,

- the counterparties to OTC derivative transactions are institutions subject to prudential supervision, and belonging to

the categories approved by the CSSF, and

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- the OTC derivatives are subject to reliable and verifiable valuation on a daily basis and can be sold, liquidated or closed

by an offsetting transaction at any time at their fair value at the Company’ initiative.

Financial derivatives transactions may also be used as part of the investment strategy or for hedging purposes of the

investment positions or for efficient portfolio management.

The Company may invest up to a maximum of 20 per cent of the net assets of any Sub-Fund in equity and/or debt

securities issued by the same body when the aim of the investment policy of the given Sub-Fund is to replicate the com-
position of a certain equity or debt securities index which is recognised by the CSSF, on the following basis:

- the composition of the index is sufficiently diversified,
- the index represents an adequate benchmark for the market to which it refers,
- it is published in an appropriate manner.
This limit is 35% where that proves to be justified by exceptional market conditions in particular in regulated markets

where certain transferable securities or money market instruments are highly dominant. The investment up to this limit is
only permitted for a single issuer.

The Company may invest up to a maximum of 35 per cent. of the net assets of any Sub-Fund in transferable securities

or money market instruments issued or guaranteed by a Member State, its local authorities, by a State belonging to the
Group of Twenty (“G20”), by Singapore, by another Eligible State or by public international bodies of which one or more
Member States are members.

The Company may invest up to 100 per cent of the net assets of any Sub-Fund, in accordance with the principle of risk

spreading, in different transferable securities and money market instruments issued or guaranteed by a Member State, by
its local authorities or by an OECD or G20 Member State, Brazil or Singapore or by a public international body of which
one or more Member State(s) are member(s), provided the relevant Sub-Fund holds securities from at least six different
issues and securities from one issue do not account for more than 30 per cent of the total net assets of such Sub-Fund.

In order to reduce operational and administrative charges while allowing a wider diversification of the investments, the

Board may decide that part or all of the assets of the Company will be co-managed with assets belonging to other Luxem-
bourg collective investment schemes or that part or all of the assets of any Sub-Funds will be co-managed among themselves.
The prospectus issued by the Company and the co-management agreement which the Company shall execute shall define
such co-management schemes.

The Company is authorised to employ techniques and instruments relating to transferable securities and money market

instruments, provided that such techniques and instruments may be used for hedging or efficient portfolio management
purposes or for investment purposes.

Under the conditions set forth by the Law and any applicable Luxembourg regulations, and in accordance with the

provisions set forth in the current prospectus of the Company, the Board has the power (i) to create any new Sub-Fund of
the Company qualifying as a feeder UCITS (i.e. a Sub-Fund investing at least 85% of its asset in another UCITS or sub-
fund of a UCITS) or as master UCITS (i.e. a Sub-Fund which accepts to be a master fund to another UCITS or sub-fund
of a UCITS), (ii) to convert any existing Sub-Fund into a feeder UCITS or a master UCITS in compliance with the Law,
(iii) to convert a Sub-Fund qualifying as feeder UCITS or master UCITS into a standard UCITS Sub-Fund which is neither
a feeder UCITS nor a master UCITS; or (iv) to replace the master UCITS of any of its Sub-Funds qualifying as feeder
UCITS with another master UCITS.

Art. 17. No contract or other transaction between the Company and any other company or firm shall be affected or

invalidated by the fact that any one or more of the Directors or officers of the Company is interested in, or is a Director,
associate, officer or employee of such other company or firm. Any Director or officer of the Company who serves as a
Director, officer 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 but subject as hereinafter provided, 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 or officer of the Company may have any personal interest in any transaction of the

Company, such Director or officer shall make known to the Board such personal interest and shall not consider or vote on
any such transaction, and such transaction, and such Director's or officer's interest therein, shall be reported to the next
succeeding meeting of shareholders. These rules do not apply when the Board votes on transactions, in which any Director
may have any personal interest, if they are concluded in the ordinary course of business at arm’s length.

The term "personal interest", as used in the preceding sub-paragraph, shall not include any relationship with or interest

in any matter, position or transaction involving Compagnie Lombard Odier, SCA, Bank Lombard Odier & Co. Ltd or any
direct or indirect affiliate of it or such other corporation or entity as may from time to time be determined by the Board in
its discretion.

Art. 18. The Company may indemnify any Director or officer, and his heirs, executors and administrators, against

expenses reasonably incurred by him in connection with any action, suit or proceeding to which he may be made a party
by reason of his being or having been a Director or officer of the Company or, at its request, of any other company of which
the Company is a shareholder or creditor or from which he is not entitled to be indemnified. Such person shall be indemnified
in all circumstances, except in relation to matters as to which he shall be finally adjudged in such action, suit or proceeding
to be liable for gross negligence or wilful misconduct; in the event of a settlement, indemnification shall be provided only

82203

U X E M B O U R G

in connection with such matters covered by the settlement as to which the Company is advised by counsel that the person
to be indemnified did not commit such a breach of duty. The foregoing right of indemnification shall not exclude other
rights to which he may be entitled.

Art. 19. The Company will be bound by the joint signatures of any two Directors or by the joint signatures of any Director

and any person to whom authority has been delegated by the Board.

Art. 20. The general meeting of shareholders of the Company shall appoint a "réviseur d'entreprises agréé" who shall

carry out the duties prescribed by Article 154 of the Law.

Art. 21. As is more specifically prescribed hereinbelow, the Company has the power to redeem its own Shares at any

time within the sole limitations set forth by Law.

Any shareholder may request conversion of the whole or part of his Shares of the relevant category corresponding to a

certain Sub-Fund into Shares of the same category of another Sub-Fund based on a conversion formula as determined from
time to time by the Board and disclosed in the current prospectus of the Company, provided that the Board may impose
restrictions on the issuance of Shares resulting from conversion requests during a certain period. The Board may impose
such restrictions as to, inter alia, frequency of conversion, and may make conversion subject to payment of such charge
and may decide that conversion from or into certain Sub-Funds is not authorised as it shall determine and disclose in the
current prospectus. Shareholders may convert Shares of one category into Shares of another category of the relevant class
or of another class.

Any shareholder may request the redemption of all or part of his Shares by the Company subject to such minimum

redemption amounts that may be determined by the Board and disclosed in the current prospectus and provided that the
Company shall not be bound to redeem on any Valuation Day (as hereafter defined) more than 10 per cent. of the number
of Shares relating to any class then in issue. Any request for redemption shall be irrevocable, except in the event of a
suspension of the Net Asset Value of the Shares of the relevant Sub-Fund or deferment of redemptions. In all other cases,
the Board may approve the withdrawal of a redemption request. For this purpose, conversions are considered as redemp-
tions.

In case of redemption requests on any Valuation Day for more than 10 per cent of the number of shares relating to any

Sub-Fund, the Company shall not be bound to redeem on any Valuation Day or in any period of seven consecutive Valuation
Days more than 10% of the number of Shares in any Sub-Fund in issue on such Valuation Day or at the commencement
of such period. Redemption may accordingly be deferred for not more than seven Valuation Days after the date of receipt
of the redemption request (but always subject to the foregoing limits). In case of deferral of redemptions the relevant Shares
shall be redeemed at the Net Asset Value per Share on the Valuation Day on which the redemption is effected.

Excess redemptions will be deferred to the next Valuation Day when they shall be dealt with as a priority.
In case of redemption requests on any Valuation Day for more than 10 per cent of the number of shares relating to any

Sub-Fund, the Company may elect to sell assets of that Sub-Fund representing, as nearly as practicable, the same proportion
of the Sub-Fund’s assets as the shares for which redemption applications have been received compared to the total of shares
then in issue. If the Company exercises this option, then the amount due to the shareholders who have applied to have their
shares redeemed, will be based on the net asset value per share calculated after such sale or disposal. Payment will be made
forthwith upon the completion of the sales and the receipt by the Company of the proceeds of sale in a freely convertible
currency. At the shareholders’ request, the Company may elect to make an in kind distribution, having due regard to all
applicable laws and regulations and to all shareholders’ interest. In the case of an in specie distribution the auditor of the
Company shall deliver an audit report in accordance with applicable laws. For this purpose as well as for the deferral of
redemptions, conversions are considered as redemptions.

The Redemption Price shall be paid normally within 3 business days after the relevant Valuation Day or on the date the

share certificates (if issued) have been received by the Company, if later, and shall be based on the Net Asset Value per
Share determined in accordance with the provisions of Article 23 hereof, and less a redemption charge as may be decided
by the Board from time to time.

Payment of redemption proceeds may, in respect of redemptions in any Sub-Fund, be delayed if there are any specific

statutory provisions such as foreign exchange restrictions, or any circumstances beyond the Company's control which make
it impossible either to obtain payment for the sale or disposal of a SubFund’s assets or to transfer the redemption proceeds
to the country where the redemption was requested.

If in exceptional circumstances the liquidity of the portfolio of assets maintained in respect of the class of Share being

redeemed is not sufficient to enable the payment to be made within such a period, such payment shall be made as soon as
reasonably practicable thereafter, but without interest.

Any request for redemption must be filed or confirmed by such shareholder in written form at the registered office of

the Company in Luxembourg or with any other person or entity appointed by the Company as its agent for redemption of
Shares. The certificate or certificates for such Shares in proper form and accompanied by proper evidence of transfer or
assignment must be received by the Company or its agent appointed for that purpose before the Redemption Price may be
paid.

Shares redeemed by the Company shall be cancelled.

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U X E M B O U R G

Art. 22. The net asset value per Share (the "Net Asset Value") and of the Issue and Redemption Prices of Shares of any

class shall be determined by the Company not less than twice monthly, as the Board by regulation may direct (every such
day or time for determination thereof being referred to herein as a "Valuation Day"), but so that no day observed as a holiday
or half-closed day by banks in Luxembourg be a Valuation Day.

The Company may suspend the determination of the Net Asset Value, and the issue, redemption and conversion of the

Shares of the relevant class:

(a) during any period when the dealing of units/shares of an investment vehicle in which any substantial portion of assets

of the relevant Sub-Fund is invested or the calculation of the net asset value of such investment vehicle is restricted or
suspended;

(b) during any period when any market or stock exchange, which is the principal market or stock exchange on which a

material part of a Sub-Fund's investments for the time being are quoted, is closed, otherwise than for ordinary holidays, or
during which dealings or the calculation of the net asset value of such investments are substantially restricted or suspended;

be promptly or accurately valued or is not valued at a fair market value;

(d) during any period when the net asset value of any subsidiary of the Company may not be determined accurately;
(e) during the existence of any state of affairs which constitutes an emergency as a result of which disposal or valuation

of the Company's assets attributable to any Sub-Fund is not reasonably practical;

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

of the investments attributable to any Sub-Fund or the current prices on any market or stock exchange;

(g) during any period when remittance of moneys which will or may be involved in the realisation of, or in the payment

for, any of the investments attributable to any Sub-Fund is not possible;

(h) during any period where in the opinion of the Directors there exist unusual circumstances where it would be im-

practicable or unfair towards the shareholders to continue dealing with Shares of any Sub-Fund;

(i) upon publication of notice convening the general meeting of shareholders for the purpose of winding-up the Company

or a Sub-Fund, or upon the decision of the Board to wind up one or more Sub-Funds;

(j) during any relevant period when a Sub-Fund merges with another Sub-Fund or with another UCITS (or a Sub-Fund

of such other UCITS) provided any such suspension is justified for the protection of the Shareholders;

(k) in case of a feeder Sub-Fund, during any relevant period when the determination of the net asset value of the master

UCITS is suspended;

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

or unfair vis-à-vis the Shareholders to continue trading the Shares or any other circumstance(s) where a failure to do so
might result in the Shareholders of the Company, a Sub-Fund or category of Shares incurring any liability to taxation or
suffering other pecuniary disadvantages or other detriment which the Shareholders of the Company, a Sub-Fund or a
category of Shares might not otherwise have suffered.

The Company shall suspend the issue, conversion and redemption of Shares forthwith upon the occurrence of an event

causing it to enter into liquidation.

Shareholders having requested issue, redemption or conversion of their Shares will be notified in writing of any such

suspension within seven days of their request. Shareholders will be promptly informed of the termination of such suspension
by (i) a notification in the same form as the notification of the suspension described above and/or (ii) any other alternative
or additional means of conveyance of information the Directors may deem more appropriate given the circumstances and
the interest of the Shareholders (e.g. via a website).

The suspension as to any class will have no effect on the calculation of Net Asset Value and the issue, conversion and

redemption of the Shares of any other class.

Art. 23. The Net Asset Value of each Share shall be expressed in the relevant Dealing Currency of each class as a per

Share figure and shall be determined in respect of any Valuation Day by dividing the net assets of the class, being the value
of the assets of the Company corresponding to such class less the liabilities of the Company corresponding to such class,
by the number of outstanding Shares in such class.

The valuation of the Net Asset Value of Shares shall be made in the following manner:
(A) The assets in each class of the Company shall be deemed to include:
(a) all cash in hand receivable or on deposit, including accrued interest;
(b) all bills and notes on demand and any amounts due (including the proceeds of securities sold but not collected);
(c) all securities, shares, bonds, debentures, options or subscriptions rights, warrants and other investments and securities

belonging to the Company;

(d) all units/shares in undertakings for collective investment and any other securities belonging to the Company;
(e) all dividends and distributions due to the Company in cash or in kind to the extent known to the Company (the

Company may however adjust the valuation by fluctuations in the market value of securities due to trading practices such
as trading ex-dividends or ex-rights);

82205

U X E M B O U R G

(f) all accrued interest on any interest-bearing securities held by the Company except to the extent such interest is

comprised in the principal amount of such security;

(g) the preliminary expenses of the Company insofar as the same have not been written off, provided that such preliminary

expenses may be written off directly from the capital of the Company; and

(h) all other assets of every kind and nature, including prepaid expenses.
The value of such assets shall be determined on the Valuation Day as follows:
(1) the value of any cash on hand or on deposit, bills and demand notes and accounts receivable, prepaid expenses, cash

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

(2) liquid assets and money market instruments may be valued at their nominal value plus any accrued interest or on an

amortised cost basis;

(3) portfolio securities which are listed on an official stock exchange or traded on another Regulated Market will be

determined on the basis of the last available price on the principal market on which such securities are traded, as furnished
by a pricing service approved by the Board, or on the previous day closing price, as will be specified in the prospectus for
each Sub-Fund and/or assets category. If such prices are not representative of their fair value, such securities, as well as
any of the portfolio securities which are not so listed and all other investments including permitted financial futures contracts
and options, will be valued on the reasonable foreseeable sales prices determined prudently in good faith by and under the
direction of the Directors;

(4) any assets or liabilities in currencies other than designated currency of a Sub-Fund will be converted using the relevant

spot rate quoted by a bank or other responsible financial institution;

(5) units/shares in undertakings for collective investment shall be valued at their last available net asset value or, if such

price is not representative of the fair market value of such units/shares, the price shall be determined prudently in good
faith by and under the direction of the Directors;

(6) all other assets shall be valued at fair market value, as determined in good faith under the direction of the Directors

The Directors may, at their discretion, permit any other method of valuation to be used if they consider that such method
of valuation better reflects value generally or in particular markets or market conditions.

(B) The liabilities in any Class of the Company shall be deemed to include:
(a) all borrowings, bills and other amounts due;
(b) the fees of the management company of the Company, the Custodian, the Administration Agent, the Domicile,

Registrar and Transfer Agent and the Listing Agent, the fees of any other service provider to the Company and any officers
appointed by the Company; other operational costs including, but not limited to, costs of buying and selling underlying
securities, transaction fees and correspondent bank charges relating to delivery, receipt of securities or to foreign exchange
transactions, government charges, fees of its legal and tax advisers, auditing fees, interest, reporting expenses, costs relating
to the registration and maintenance of registration in foreign jurisdictions (including translation costs and remuneration of
Foreign Representations), costs related to distribution of Shares through local clearing systems when according to local
practice such costs are supported by the Company, publication of offering and redemption prices, distribution of interim
and annual reports, postage, telephone and telex, Directors and officers insurance cover; reasonable marketing and pro-
motional expenses;

(c) all known liabilities due or not yet due, including the amount of dividends declared, if any, but unpaid;
(d) an appropriate amount set aside for taxes due on the date of valuation and other provisions or reserves authorised

and approved by the Directors; and

(e) all other liabilities of the Company of whatsoever kind due towards third parties.
For the purposes of the valuation of its liabilities, the Company may duly take into account all administrative and other

expenses of a regular or periodical character by valuing them for the entire year or any other period and by dividing the
amount concerned proportionately for the relevant fractions of such period.

(C) For the purpose of valuation under this Article:
(a) Shares of the Company in respect of which subscription has been accepted but payment has not yet been received

shall be deemed to be existing as from the close of business on the Valuation Day on which they have been allotted and
the price therefore, until received by the Company, shall be deemed a debt due to the Company;

(b) Shares to be redeemed under Article 21 hereto shall be treated as existing and taken into account until immediately

after the time specified by the Directors on the Valuation Date on which such valuation is made, and from such time and
until paid the price therefore shall be deemed to be a liability of the Company;

currency of a Sub-Fund shall be valued after taking into account the market rate or rates of exchange in force at the date
and time for determination of the Net Asset Value of Shares; and

(d) effect shall be given on any Valuation Date to any purchases or sales of securities contracted for by the Company

on such Valuation Date, to the extent practicable.

82206

U X E M B O U R G

(D) The Board shall establish a portfolio of assets for each Sub-Fund in the following manner:
(a) the proceeds from the allotment and issue of Shares in each Sub-Fund shall be applied in the books of the Company

to the portfolio of assets established for that Sub-Fund, and the assets and liabilities and income and expenditure attributable
thereto shall be applied to such portfolio subject to the provisions of this Article;

(b) where any asset is derived from another asset, such derivative asset shall be applied in the books of the Company to

the same portfolio as the assets from which it was derived and on each re-evaluation of an asset, the increase or diminution
in value shall be applied to the relevant portfolio;

connection with an asset of a particular portfolio, such liability shall be allocated to the relevant portfolio;

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

portfolio, such asset or liability shall be allocated to all the portfolios pro rata to the net asset values of each portfolio;

(e) upon the record date for the determination of the person entitled to any dividend declared on any Shares in any Sub-

Fund, the Net Asset Value of such Sub-Fund shall be reduced by the amount of such dividends;

(f) if there have been created, as provided in Article 5, within a class, categories of shares, the allocations rules set forth

above shall be applicable mutatis mutandis to such categories.

Art. 24. Whenever the Company shall offer Shares for subscription, the price per Share at which such Shares shall be

offered and sold, shall be based on the Net Asset Value per Share of the relevant class and category, as hereinabove defined,
increased by notional dealing costs, if any, and by a subscription fee (if and to the extent the Directors so decide) and any
remuneration to agents active in the placing of the Shares shall be paid out of the sales charge (which shall not exceed such
amount as may be permitted by all applicable laws), added thereto. The price so determined (the "Issue Price") shall be
payable within a period as determined by the Directors which shall not exceed 3 business days after the date on which the
Shares were allotted.

The Issue Price may, upon approval of the Board, and subject to all applicable laws, namely with respect to a special

audit report prepared by the auditor of the Company confirming the value of any assets contributed in kind, be paid by
contributing to the Company securities acceptable to the Board, consistent with the investment policy and investment
restrictions of the Company and the relevant Sub-Fund.

Art. 25. The accounting year of the Company shall begin on the first day of October of each year and shall terminate

on the last day of September of the following year.

The accounts of the Company shall be expressed in EURO.

Art. 26. The meeting of shareholders of the relevant classes or categories shall, upon the proposal of the board of directors

in respect of each class and category of shares, determine how the annual results shall be disposed of. The results of the
Company may be distributed, subject to the minimum capital of the Company as defined under Article 5 hereof being
maintained.

Dividends may further, in respect of distribution shares in any class, include an allocation from an equalisation account

which may be maintained in respect of such distribution shares, be credited upon issue of shares and debited upon re-
demption of shares, in amount calculated by reference to the accrued income attributable or any other assets decided by
the Board to such distribution shares.

Interim dividends may be paid out on the shares of any class and category upon decision of the Board.
Whenever a dividend is declared on a distribution share an amount corresponding thereto shall be attributable to each

accumulation share of that class.

The dividends declared will normally be paid in the currency in which the relevant class of shares is expressed or,

exceptionally in such other currency as selected by the board of directors and shall be paid at such places and times as may
be determined by the board of directors. The board of directors may make a final determination of the rate of exchange
applicable to translate dividend funds into the currency of their payment.

Art. 27.
(a) The Company can be liquidated by a shareholders’ decision in accordance with the provisions of the law of 10 August

1915 on commercial companies as amended. The same quorum and majority requirements for the shareholders’ decision
shall apply in case of merger, if as a result of such merger the Company will cease to exist.

(b) In the event that the Net Asset Value of the Company falls below EUR 50 million or in case the Board deems it

appropriate because of changes in the economical or political situation affecting the Company, or if the Board deems it to
be in the best interests of the shareholders, the Board may, by giving notice to all shareholders, redeem on the Valuation
Date indicated in such notice all (but not some) of the Shares not previously redeemed, at the Net Asset Value without any
dealing or redemption charges. The Board shall, after the end of the notice period, forthwith convene an extraordinary
shareholders’ meeting to appoint a liquidator to the Company.

Dealing Currency of a Sub-Fund or if a redemption request is received that would cause any Sub-Fund’s assets to fall under
the aforesaid threshold, or if the Board deems it appropriate to rationalize the Sub-Funds offered to investors, or in case

82207

U X E M B O U R G

the Board deems it appropriate because of changes in the economic or political situation affecting the relevant Sub-Fund
or if the Board deems it to be in the best interest of the shareholders concerned, the Board may, after giving notice to the
shareholders concerned, to the extent required by Luxembourg laws and regulations, redeem all (but not some) of the Shares
of that Sub-Fund on the Valuation Date provided in such notice at the Net Asset Value without any dealing or redemption
charges. Unless the Board decides otherwise in the interest of, or in order to ensure equal treatment of, the shareholders,
the shareholders of the relevant Sub-Fund may continue to request redemption or conversion of their Shares free of any
redemption or conversion charge, but taking into account actual realisation prices of investments and realisation expenses.

(d) Termination of a Sub-Fund with compulsory redemption of all relevant Shares for other reasons than set out in the

preceding paragraph, may be effected only upon its prior approval by the shareholders of the Sub-Fund to be terminated
at a duly convened general meeting of the Sub-Fund concerned which may be validly held without quorum and decided
by a simple majority of the Shares present or represented.

Liquidation proceeds not claimed by shareholders at the close of liquidation of a Sub-Fund will be deposited at the

Caisse de Consignation in Luxembourg and shall be forfeited after thirty years.

(e) If a Sub-Fund qualifies as a feeder UCITS of another UCITS or of one of its sub-funds, the merger, split or liquidation

of such master UCITS, triggers liquidation of the feeder Sub-Fund, unless the Board decides, in accordance with Article
16 and the Law, to replace the master UCITS with another master UCITS or to convert a Sub-Fund into a standard UCITS
Sub-Fund.

(f) The provision for anticipated realisation costs will be accounted for in the Net Asset Value from such date as may

be defined by the Board and at the latest on the date of dispatch of the notice mentioned subparagraphs (b), (c), (d) and (e).

(g) Any merger of a Sub-Fund with another Sub-Fund of the Company or with another UCITS (whether subject to

Luxembourg law or not and whether such UCITS is incorporated as a company or is a contractual type fund) shall be
decided by the Board unless the Board decides to submit the decision for a merger to a meeting of shareholders of the Sub-
Fund concerned. No quorum is required for this meeting and decisions are taken by the simple majority of the votes cast.

In case of a merger of a Sub-Fund where, as a result, the Company ceases to exist, the merger shall be decided by a

meeting of shareholders resolving in accordance with the quorum and majority requirements for changing these Articles.

(h) In case of a merger of a Sub-Fund decided by the Board, the Board will give notice to shareholders concerned, as

required by Luxembourg laws and regulations. Such notice shall be provided to the shareholders concerned at least thirty
days before the last date for exercising their right to request the repurchase or redemption or conversion of their Shares
without any charge other than those retained to meet disinvestment costs; such right shall cease to exist five working days
before the date for calculating the exchange ratio referred to in Article 75, paragraph (1) of the Law.

(i) If the Board determines that it is in the interests of the shareholders of the relevant Sub-Fund or that a change in the

economic or political situation relating to the Sub-Fund concerned has occurred which would justify it, the reorganisation
of one Sub-Fund, by means of a division into two or more Sub-Funds, may take place. This decision will be notified to
shareholders as required. The notification will also contain information about the two or more new Sub-Funds. The noti-
fication will be made at least one month before the date on which the reorganisation becomes effective in order to enable
the shareholders to request the redemption of their shares, free of any dealing or redemption charge, before the operation
involving the division into two or more Sub-Funds becomes effective.

Art. 28. These Articles of Incorporation may be amended from time to time by a meeting of shareholders, subject to the

quorum and majority requirements provided by the laws of Luxembourg.

Art. 29. All matters not governed by these Articles of Incorporation shall be determined in accordance with the law of

August, 1915 on commercial companies and amendments thereto and the Law.

Transitory provisions

The first accounting year shall begin on the date of incorporation of the company and end on 30 September 2016.
The annual general meeting shall be held for the first time on 17 March 2017 at 10.00 a.m. at the registered office of

the Company.

Initial capital - Subscription and payment

The Articles of Incorporation of the Company having thus been drawn up by the appearing party, this party has fixed

the initial capital at EUR 31,000 (thirty-one thousand euro) represented by 310 (three hundred and ten) shares of no par
value and has subscribed for the number of shares and has entirely paid up the following shares:

Shareholder

Subscribed

capital

Number

of shares

Lombard Odier Funds (Europe) S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,000.- EUR

310

TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,000.- EUR

310

Proof of all such payments has been given to the undersigned notary.

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U X E M B O U R G

Statement

The notary drawing up the present deed declares that the conditions set forth in Articles 26, 26-3 and 26-5 of the Law

of August 10, 1915 on Commercial Companies, as amended, have been fulfilled and expressly bears witness to their
fulfilment.

Expenses

The expenses, costs, remunerations or charges in any form whatsoever shall be borne by the Company and amount to

EUR 3,000.-.

Resolutions of the sole shareholder

The above-named person, representing the entire subscribed capital has immediately decided to make the following

written resolutions in its capacity as sole shareholder of the Company, entitled to exercise the powers reserved to the general
meeting by virtue of Article 67 (1) of the Law of August 10, 1915 on Commercial Companies, as amended:

First resolution

The following persons are appointed Directors of the Company for a period ending on the date of the annual general

meeting to be held in 2017:

- Mr. Mariusz Baranowski, residing professionally at Lombard Odier Funds (Europe) S.A., 5, allée Scheffer, L-2520

Luxembourg, Grand Duchy of Luxembourg

- Mr. Mark Edmonds, residing professionally at Lombard Odier Funds (Europe) S.A., 5, allée Scheffer, L-2520 Lu-

xembourg, Grand Duchy of Luxembourg

- Mr. Yvar Mentha, residing professionally at BRP Bizzozero & Partners SA, 9-11, rue du Prince, CG-1211 Geneva,

Switzerland

- Mr. Jean-Claude Ramel, residing professionally at 148 Addison Gardens, London W14 0DS, United Kingdom.

Second resolution

The following has been appointed “réviseur d’entreprise agréé” of the Company for a period ending on the date of the

annual general meeting to be held in 2017:

PricewaterhouseCoopers, société coopérative, 2, rue Gerhard Mercator, L-1014 Luxembourg, Grand Duchy of Luxem-

bourg, RCS Luxembourg B 65.477.

Third resolution

The registered office of the Company is fixed at 5, allée Scheffer, L-2520 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 Luxembourg, on the day named at the beginning of this document.
The document having been read to the person appearing, who is known to the notary by name, surname, civil status and

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

Signé: I. ROBERT et H. HELLINCKX.
Enregistré à Luxembourg Actes Civils 1, le 2 juillet 2015. Relation: 1LAC/2015/20585. Reçu soixante-quinze euros

(75.- EUR)

Le Receveur (signé): P. MOLLING.

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

Luxembourg, le 7 juillet 2015.

Référence de publication: 2015109492/719.
(150119359) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juillet 2015.

Khajuraho Equity Trading S.à r.l., Société à responsabilité limitée.

Siège social: L-1445 Strassen, 3, rue Thomas Edison.

R.C.S. Luxembourg B 169.117.

Les comptes annuels du 30 septembre 2014 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: 2015073274/9.
(150083689) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 mai 2015.

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U X E M B O U R G

Firewall Holding S.à r.l., Société à responsabilité limitée.

Capital social: EUR 1.975.684,90.

Siège social: L-1528 Luxembourg, 1, boulevard de la Foire.

R.C.S. Luxembourg B 191.674.

In the year two thousand and fifteen, on the twelfth day of the month of May,
Before us Maître Edouard Delosch, notary residing in Diekirch, Grand Duchy of Luxembourg;

THERE APPEARED:

1) Firewall Investments S.A., a public limited liability company (société anonyme), incorporated and governed by the

laws of the Grand Duchy of Luxembourg, having its registered office at Boulevard de la Foire 1, L-1528 Luxembourg,
Grand Duchy of Luxembourg, and registered with the Luxembourg Company and Trade Register under number B 191.622

here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Luxembourg, on 11 May 2015,

2) Firewall Management MIP, S.A., a public limited liability company (société anonyme), incorporated and governed

by the laws of the Grand Duchy of Luxembourg, having its registered office at Boulevard de la Foire 1, L-1528 Luxembourg,
Grand Duchy of Luxembourg, registered with the Luxembourg Company and Trade Register under number B 191.637

here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Luxembourg, on 11 May 2015,

3) Pentera Trustees Limited as trustee of The Siveytal Trust, a company incorporated in Jersey, having its registered

address at PO Box 79, 26 Esplanade, St Helier, Jersey, JE4 8PS, and registered with the Jersey Financial Services Com-
mission Companies Registry under number 91413,

here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Jersey, on 12 May 2015,

4) John Dundon, professionally residing at 52 the Leasowe, Lichfield, Staffordshire WS13 7HA,
here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Wolverhampton, United Kingdom, on 11 May 2015,

5) Christopher Routledge, professionally residing at 15 Lakewood Road, Chandlers Ford, Eastleigh, Hampshire SO53

1ER,

here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Chandlers Ford, United Kingdom, on 11 May 2015,

6) John Murphy, professionally residing at 10 Maple Grove, Lichfield, Staffordshire WS14 9XB,
here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Fillongley, United Kingdom, on 11 May 2015,

7) Kevin Matthews, professionally residing at 5 Denton Drive, Marston, Moretaine, Bedfordshire MK43 0NA,
here represented by Julia Szafranska, lawyer, professionally residing in Luxembourg, by virtue of a proxy, given in

Fillongley, United Kingdom, on 11 May 2015,

The said proxies, initialed ne varietur by the proxy holder of the appearing parties and the notary will remain annexed

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

Such appearing parties are the shareholders of Firewall Holding, S.à r.l. (hereinafter the “Company”), a private limited

liability company (société à responsabilité limitée), incorporated and existing under the laws of the Grand Duchy of Lu-
xembourg, having a share capital of one million two hundred twenty-two thousand four hundred thirty-three euro and
seventy euro cents (EUR 1,222,433.70), with registered office at Boulevard de la Foire 1, L-1528 Luxembourg, registered
with the Luxembourg Trade and Companies Register under number B 191.674, incorporated by deed enacted by Maître
Edouard Delosch, notary residing in Diekirch, Grand Duchy of Luxembourg on 6 November 2014, published in the Mé-
morial C, Recueil des Sociétés et Associations on 5 December 2014, C-N°3737, representing the entire share capital of the
Company The articles of association have been amended on 29 January 2015 pursuant to a deed of Maître Edouard Delosch,
published in the Mémorial C, Recueil des Sociétés et Associations on 16 March 2015, C-N°719.

The appearing parties representing the entire share capital and having waived any notice requirement, the general meeting

of shareholders is regularly constituted and may validly deliberate on the following agenda:

Agenda

1. Increase of the Company’s share capital by an amount of seven hundred fifty-three thousand two hundred fifty-one

euro twenty euro cents (EUR 753,251.20) so as to raise it from its current amount of one million two hundred twenty-two
thousand four hundred thirty-three euro seventy euro cents (EUR 1,222,433.70) to a new amount of one million nine hundred
seventy-five thousand six hundred eighty-four euro ninety euro cents (EUR 1,975,684.90) through the issuance of seventy-
five million three hundred twenty-five thousand one hundred twenty (75,325,120) new shares with a nominal value of one
cent (EUR 0,01) each.

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2. Amendment of article 5 of the articles of association of the Company that shall now be stated as follows:

“ Art. 5. Share Capital.
5.1 The Company’s share capital is set at one million nine hundred seventy-five thousand six hundred eighty-four euro

ninety euro cents (EUR 1,975,684.90), represented by one hundred ninety-seven million five hundred sixty-eight thousand
four hundred ninety (197,568,490) Shares, themselves subdivided as follows:

(a) one million two hundred fifty thousand (1,250,000) ordinary Shares having nominal value of one cent (EUR 0.01)

each (the “Ordinary Shares”);

(b) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class A shares having a

nominal value of one cent (EUR 0.01) each (the “Class A Shares”);

nominal value of one cent (EUR 0.01) each (the “Class B Shares”);

(d) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class C shares having a

nominal value of one cent (EUR 0.01) each (the “Class C Shares”);

(e) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class D shares having a

nominal value of one cent (EUR 0.01) each (the “Class D Shares”);

(f) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class E shares having a

nominal value of one cent (EUR 0.01) each (the “Class E Shares”);

(g) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class F shares having a

nominal value of one cent (EUR 0.01) each (the “Class F Shares”);

(h) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class G shares having a

nominal value of one cent (EUR 0.01) each (the “Class G Shares”);

(i) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class H shares having a

nominal value of one cent (EUR 0.01) each (the “Class H Shares”);

(j) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class I shares having a no-

minal value of one cent (EUR 0.01) each (the “Class I Shares”); and

(k) nineteen million six hundred thirty-one thousand eight hundred forty-nine (19,631,849) class J shares having a

nominal value of one cent (EUR 0.01) each (the “Class J Shares” and together with Class A Shares, Class B Shares, Class
C Shares, Class D Shares, Class E Shares, Class F Shares, Class G Shares, Class H Shares, Class I Shares, the “Classes”).

5.2 The Company’s share capital may be increased or reduced by a resolution of the general meeting of shareholders

adopted in the manner required for an amendment of these articles of association.

5.3 Any new Shares shall be offered by preference to the existing shareholder(s) in accordance with the Shareholders

Agreement, if any.

5.4 The Company may establish share premium accounts (the "Share Premium Accounts") into which any premium

paid on any Class of Shares is to be transferred. Decisions as to the use of the Share Premium Accounts are to be taken by
the Shareholders subject to the 1915 Law and these Articles.”

3. Miscellaneous.
The general meeting of shareholders has requested the undersigned notary to record the following resolutions:

First Resolution

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

fifty-three thousand two hundred fifty-one euro twenty euro cents (EUR 753,251.20) so as to raise it from its current amount
of one million two hundred twenty-two thousand four hundred thirty-three euro seventy euro cents (EUR 1,222,433.70)
up to a new amount of one million nine hundred seventy-five thousand six hundred eighty-four euro ninety euro cents
(EUR 1,975,684.90) through the issuance of seventy-five million three hundred twenty-five thousand one hundred twenty
(75,325,120) new shares with a nominal value of one cent (EUR 0,01) each.

Subscription - Payment

The seventy-five million three hundred twenty-five thousand one hundred twenty (75,325,120) new shares with a no-

minal value of one cent (Euro 0,01) each have been subscribed as follows:

1. Firewall Investments S.A., aforementioned, has subscribed six hundred eighty-seven thousand four hundred forty

(687,440) Shares subdivided as follows:

a) sixty-eight thousand seven hundred forty-four (68,744) Class A Shares;
b) sixty-eight thousand seven hundred forty-four (68,744) Class B Shares;
c) sixty-eight thousand seven hundred forty-four (68,744) Class C Shares;
d) sixty-eight thousand seven hundred forty-four (68,744) Class D Shares;
e) sixty-eight thousand seven hundred forty-four (68,744) Class E Shares;
f) sixty-eight thousand seven hundred forty-four (68,744) Class F Shares;

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U X E M B O U R G

g) sixty-eight thousand seven hundred forty-four (68,744) Class G Shares;
h) sixty-eight thousand seven hundred forty-four (68,744) Class H Shares;
i) sixty-eight thousand seven hundred forty-four (68,744) Class I Shares;
j) sixty-eight thousand seven hundred forty-four (68,744) Class J Shares;
for the price of one million thirty one thousand one hundred sixty two euro ten euro cents (EUR 1,031,162.10)
2. Firewall Management MIP, S.A, aforementioned, has subscribed two hundred twenty thousand four hundred twenty

(220,420) Shares subdivided as follows:

a) twenty-two thousand forty-two (22,042) Class A Shares;
b) twenty-two thousand forty-two (22,042) Class B Shares;
c) twenty-two thousand forty-two (22,042) Class C Shares;
d) twenty-two thousand forty-two (22,042) Class D Shares;
e) twenty-two thousand forty-two (22,042) Class E Shares;
f) twenty-two thousand forty-two (22,042) Class F Shares;
g) twenty-two thousand forty-two (22,042) Class G Shares;
h) twenty-two thousand forty-two (22,042) Class H Shares;
i) twenty-two thousand forty-two (22,042) Class I Shares;
j) twenty-two thousand forty-two (22,042) Class J Shares;
for the price of three hundred thirty thousand six hundred thirty-one euro twenty euro cents (EUR 330,631.20).
3. Pentera Trustees Limited as trustee of The Siveytal Trust, aforementioned, has subscribed sixty-eight thousand four

hundred (68,400) Shares subdivided as follows:

a) six thousand eight hundred forty (6,840) Class A Shares;
b) six thousand eight hundred forty (6,840) Class B Shares;
c) six thousand eight hundred forty (6,840) Class C Shares;
d) six thousand eight hundred forty (6,840) Class D Shares;
e) six thousand eight hundred forty (6,840) Class E Shares;
f) six thousand eight hundred forty (6,840) Class F Shares;
g) six thousand eight hundred forty (6,840) Class G Shares;
h) six thousand eight hundred forty (6,840) Class H Shares;
i) six thousand eight hundred forty (6,840) Class I Shares;
j) six thousand eight hundred forty (6,840) Class J Shares;
for the price of one hundred two thousand five hundred ninety-five euro forty euro cents (EUR 102,595.40).
4. John Dundon, aforementioned, has subscribed fourteen thousand two hundred eighty (14,280) Shares subdivided as

follows:

a) one thousand four hundred twenty-eight (1,428) Class A Shares;
b) one thousand four hundred twenty-eight (1,428) Class B Shares;
c) one thousand four hundred twenty-eight (1,428) Class C Shares;
d) one thousand four hundred twenty-eight (1,428) Class D Shares;
e) one thousand four hundred twenty-eight (1,428) Class E Shares;
f) one thousand four hundred twenty-eight (1,428) Class F Shares;
g) one thousand four hundred twenty-eight (1,428) Class G Shares;
h) one thousand four hundred twenty-eight (1,428) Class H Shares;
i) one thousand four hundred twenty-eight (1,428) Class I Shares;
j) one thousand four hundred twenty-eight (1,428) Class J Shares;
for the price of twenty-one thousand four hundred twenty three euro fifty cents (EUR 21,423.50).
5. John Murphy, aforementioned, has subscribed four thousand seven hundred thirty (4,730) Shares subdivided as

follows:

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U X E M B O U R G

h) four hundred seventy-three (473) Class H Shares;
i) four hundred seventy-three (473) Class I Shares;
j) four hundred seventy-three (473) Class J Shares;
for the price of seven thousand ninety-three euro ninety euro cents (EUR 7,093.90).
6. Kevin Matthews, aforementioned, has subscribed four thousand seven hundred thirty (4,730) Shares subdivided as

follows:

a) four hundred seventy-three (473) Class A Shares;
b) four hundred seventy-three (473) Class B Shares;
c) four hundred seventy-three (473) Class C Shares;
d) four hundred seventy-three (473) Class D Shares;
e) four hundred seventy-three (473) Class E Shares;
f) four hundred seventy-three (473) Class F Shares;
g) four hundred seventy-three (473) Class G Shares;
h) four hundred seventy-three (473) Class H Shares;
i) four hundred seventy-three (473) Class I Shares;
j) four hundred seventy-three (473) Class J Shares;
for the price of seven thousand ninety-three euro ninety euro cents (EUR 7,093.90).
The aggregate number of one million (1,000,000) shares so subscribed have been fully paid-up by a contribution in cash

consisting of one million five hundred euro (EUR 1,500,000); so that the amount of one million five hundred euro (EUR
1,500,000) is as of now available to the Company, as it has been justified to the undersigned notary.

There appeared,
7. Firewall Hydrus TopCo, S.A., a public limited liability company (société anonyme), incorporated and governed by

the laws of the Grand Duchy of Luxembourg, having its registered office at Boulevard de la Foire 1, L-1528 Luxembourg,
Grand Duchy of Luxembourg, and registered with the Luxembourg Company and Trade Register under number B 191.623,
here represented by Julia Szafranska, pre-named, by virtue of a proxy given under private seal on 11 May 2015 in Lu-
xembourg.

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

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

Firewall Hydrus TopCo, S.A, aforementioned, has subscribed seventy-four million three hundred twenty-five thousand

one hundred twenty (74,325,120) Shares subdivided as follows:

a) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class A Shares;
b) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class B Shares;
c) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class C Shares;
d) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class D Shares;
e) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class E Shares;
f) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class F Shares;
g) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class G Shares;
h) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class H Shares;
i) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class I Shares;
j) seven million four hundred thirty-two thousand five hundred twelve (7,432,512) Class J Shares;
that were paid by a contribution in kind consisting of a claim in the amount of eleven million nine hundred thirty thousand

three hundred forty-nine euro twenty euro cents (EUR 11,930,349.20).

Proof of the existence and the value of the above-mentioned contribution have been produced to the undersigned notary.
The total contribution in the amount of thirteen million four hundred thirty thousand three hundred forty nine euro twenty

euro cents (EUR 13,430,349.20) consists of seven hundred fifty-three thousand two hundred fifty-one euro twenty euro
cents (EUR 753,251.20) for the share capital and twelve million six hundred seventy-seven thousand ninety-eight euro
(EUR 12,677,098) for the share premium.

Then Firewall Hydrus TopCo, S.A, aforementioned, joins the general meeting of shareholders of the Company and

resolves together with the other shareholders on the subsequent items of the agenda.

Second resolution

As a consequence of the preceding resolution, the general meeting of shareholders resolves to amend article 5 of the

articles of association of the Company that shall now be read as follows:

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Art. 5. Share Capital.
5.1 The Company’s share capital is set at one million nine hundred seventy-five thousand six hundred eighty-four euro