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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° 1991

6 août 2015

SOMMAIRE

Almasa S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95531

Alter Domus Luxembourg S.à r.l. . . . . . . . . . .

95522

Aqua 1 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

95526

Barclays Pelleas Investments S.à r.l. . . . . . . . .

95528

Beneshare Xpress Logistics (Luxembourg)

S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95536

Bermuda Holdco Lux 3 S.à r.l. . . . . . . . . . . . . .

95528

Club Luxembourgeois pour la Propagation et

l'Utilisation de Beauceron A.s.b.l. . . . . . . . . .

95529

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

95529

EASA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95538

Eden 2 & Cie S.C.A. . . . . . . . . . . . . . . . . . . . . .

95539

Elvith Investment Group . . . . . . . . . . . . . . . . .

95522

EMV Logistics S.à r.l. . . . . . . . . . . . . . . . . . . . .

95525

Eneco S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95527

E.V.G. (Ergon Vehicle Gulliver) S.A. . . . . . . .

95537

Farrivulet Management S.A. . . . . . . . . . . . . . .

95526

Financial Power Investment S.A. . . . . . . . . . . .

95527

FINANCIERE D'EVRY Spf S.A. . . . . . . . . . .

95528

Financière du Champ de Mars S.A. . . . . . . . .

95526

Findel Business Center West Side S.A. . . . . . .

95529

FLE Property 6 . . . . . . . . . . . . . . . . . . . . . . . . .

95539

Four Seasons Luxembourg S.à r.l. . . . . . . . . . .

95527

Gemstone 4 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . .

95529

Guardian Middle East & Africa SE . . . . . . . .

95530

Hann Sarl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95528

HayFin DLF LuxCo 1 S.à r.l. . . . . . . . . . . . . . .

95526

HICL Infrastructure 1 S.à r.l. . . . . . . . . . . . . .

95539

Inter Ikea Holding S.A. . . . . . . . . . . . . . . . . . . .

95527

Landlake Invest S.à r.l. . . . . . . . . . . . . . . . . . . .

95530

La One S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95530

MACK SPF . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95530

NetOTC Holdings S.à r.l. . . . . . . . . . . . . . . . . .

95533

Ngam S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95525

NGG Natural Gas Generation AG . . . . . . . . . .

95524

Nordbat S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95524

Novus Renovation S.à r.l. . . . . . . . . . . . . . . . . .

95525

OCM Luxembourg Coppice Midco S.à r.l. . . .

95523

Operauno S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

95525

Pamiga Finance S.A. . . . . . . . . . . . . . . . . . . . . .

95524

Paol Ip Rights S.à r.l. . . . . . . . . . . . . . . . . . . . . .

95524

RREI FrenchCo S.à r.l. . . . . . . . . . . . . . . . . . . .

95522

Studio 7 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

95522

Stunnersville S.à r.l. SPF . . . . . . . . . . . . . . . . .

95531

Stunnersville S.à r.l. SPF . . . . . . . . . . . . . . . . .

95522

Wat & Ko S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

95523

Windpower S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

95523

WPS-Deutschland GMBH-Niederlassung Lu-

xembourg . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95568

XGo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95523

XTR Marketing S.à r.l. . . . . . . . . . . . . . . . . . . .

95523

95521

U X E M B O U R G

Elvith Investment Group, Société Anonyme.

Siège social: L-1473 Luxembourg, 2A, rue Jean-Baptiste Esch.

R.C.S. Luxembourg B 150.346.

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: 2015085354/9.
(150097416) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Studio 7 S.à r.l., Société à responsabilité limitée.

Siège social: L-4320 Esch-sur-Alzette, 41, rue du Dix Septembre.

R.C.S. Luxembourg B 139.615.

PINHEIRO Samantha.

Référence de publication: 2015087549/10.
(150100036) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Stunnersville S.à r.l. SPF, Société à responsabilité limitée - Société de gestion de patrimoine familial.

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

R.C.S. Luxembourg B 179.399.

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 10 juin 2015.

Référence de publication: 2015087550/10.
(150099629) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

RREI FrenchCo S.à r.l., Société à responsabilité limitée.

Siège social: L-1940 Luxembourg, 186-188, rue de Longwy.

R.C.S. Luxembourg B 130.016.

Statuts coordonnés déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Esch-sur-Alzette, le 04 juin 2015.

Pour statuts conformes

Référence de publication: 2015087484/11.
(150099279) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Alter Domus Luxembourg S.à r.l., Société à responsabilité limitée.

Capital social: EUR 31.752.500,00.

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

R.C.S. Luxembourg B 136.477.

Par résolutions signées en date du 02 juin 2015, l'associé unique a décidé de nommer au mandat de réviseur d'entreprises

agréé ERNST & YOUNG, avec siège social au 7, rue Gabriel Lippmann, L-5365 Munsbach, pour une période venant à
échéance lors de l'assemblée générale annuelle qui statuera sur les comptes de l'exercice social se clôturant au 31 décembre
2014 et qui se tiendra en 2015.

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

Luxembourg, le 10 juin 2015.

Référence de publication: 2015088656/14.
(150101257) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

95522

U X E M B O U R G

Wat & Ko S.A., Société Anonyme.

Siège social: L-1940 Luxembourg, 370, route de Longwy.

R.C.S. Luxembourg B 105.571.

Les comptes annuels au 31 décembre 2013 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2015088560/9.
(150100479) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 juin 2015.

Windpower S.A., Société Anonyme.

Siège social: L-1142 Luxembourg, 2, rue Pierre d'Aspelt.

R.C.S. Luxembourg B 93.992.

WINDPOWER S.A.

Référence de publication: 2015088565/10.
(150100332) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 juin 2015.

XTR Marketing S.à r.l., Société à responsabilité limitée.

Siège social: L-3961 Ehlange, 35B, rue des 3 Cantons.

R.C.S. Luxembourg B 45.338.

Signature.

Référence de publication: 2015088573/10.
(150100847) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 juin 2015.

XGo, Société Anonyme.

Siège social: L-8399 Windhof, 13, rue de l'Industrie.

R.C.S. Luxembourg B 135.233.

Les statuts coordonnés au 12/05/2015 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 11/06/2015.

Me Cosita Delvaux
Notaire

Référence de publication: 2015088572/12.
(150100701) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 juin 2015.

OCM Luxembourg Coppice Midco S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 175.318.

Statuts coordonnés déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Pétange, le 26 mai 2015.

Pour statuts coordonnés
Maître Jacques KESSELER
Notaire

Référence de publication: 2015089093/13.
(150101471) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

95523

U X E M B O U R G

NGG Natural Gas Generation AG, Société Anonyme.

Siège social: L-1637 Luxembourg, 5, rue Goethe.

R.C.S. Luxembourg B 178.025.

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: 2015089074/9.
(150101715) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

Paol Ip Rights S.à r.l., Société à responsabilité limitée.

Siège social: L-2330 Luxembourg, 128, boulevard de la Pétrusse.

R.C.S. Luxembourg B 166.880.

Les comptes annuels, les comptes de Profits et Pertes ainsi que les Annexes de l'exercice clôturant 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.

L'Organe de Gestion

Référence de publication: 2015089120/11.
(150101877) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

Pamiga Finance S.A., Société Anonyme.

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

R.C.S. Luxembourg B 169.627.

EXTRAIT

Il résulte de la réunion du Conseil d'Administration tenue au siège social en date du 9 avril 2015 que Monsieur Massimo

Longoni, né à Comes en Italie, le 6 décembre 1970 domicilié 10, rue Mathieu Schrobilgen L-2625 Luxembourg a été
nommé délégué à la gestion journalière.

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

Luxembourg.

Référence de publication: 2015089118/13.
(150101606) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

Nordbat S.A., Société Anonyme.

Siège social: L-9651 Eschweiler, 4, rue Tom.

R.C.S. Luxembourg B 102.693.

Extrait du procès-verbal de l'assemblée générale ordinaire tenue au siège de la société, extraordinairement en date du 13

mai 2015 à 12.00 heures

L'assemblée générale renouvelle jusqu'à l'issue de l'assemblée générale ordinaire de l'an 2021 les mandats des admi-

nistrateurs suivants:

Monsieur Claude JANS, administrateur et administrateur-délégué, né à Wiltz (L) le 23.08.1956, demeurant profession-

nellement à L - 9651 Eschweiler/Wiltz, 4, Rue Tom Monsieur Steve JANS, administrateur, né à Wiltz (L) le 25.10.1988,
demeurant professionnellement à L - 9651 Eschweiler/Wiltz, 4, Rue Tom

Monsieur Marc JANS, administrateur, né à Wiltz (L) le 02.11.1985, demeurant professionnellement à L - 9651 Esch-

weiler/Wiltz, 4, Rue Tom

Le mandat du commissaire aux comptes la société FIRELUX S.A., inscrite auprès du Registre de Commerce et des

Sociétés Luxembourg sous le numéro B 84 589, avec siège à L - 9053 Ettelbruck, 45, Avenue J.F. Kennedy, est également
renouvelé jusqu'à l'issue de l'assemblée générale de l'an 2021.

Pour extrait sincère et conforme
Un administrateur

Référence de publication: 2015089078/21.
(150101628) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

95524

U X E M B O U R G

EMV Logistics S.à r.l., Société à responsabilité limitée.

Siège social: L-2163 Luxembourg, 21, avenue Monterey.

R.C.S. Luxembourg B 178.655.

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: 2015085355/9.
(150097048) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Operauno S.A., Société Anonyme.

Siège social: L-2120 Luxembourg, 16, allée Marconi.

R.C.S. Luxembourg B 145.664.

Les comptes annuels au 31 DECEMBRE 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.

FIDUCIAIRE CONTINENTALE S.A.

Référence de publication: 2015089101/10.
(150101430) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

Novus Renovation S.à r.l., Société à responsabilité limitée.

Siège social: L-5366 Munsbach, 5, rue Henri Tudor.

R.C.S. Luxembourg B 168.077.

Le bilan au 31.12.2014 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 12 juin 2015.

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

Référence de publication: 2015089081/14.
(150101900) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

Ngam S.A., Société Anonyme.

Siège social: L-2180 Luxembourg, 2, rue Jean Monnet.

R.C.S. Luxembourg B 115.843.

Extrait des résolutions prises lors de l'assemblée générale annuelle des actionnaires de la Société tenue en date du 21 mai

2015

En date du 21 mai 2015, l'assemblée générale annuelle des actionnaires de la Société a pris la résolution de renouveler

les mandats des personnes suivantes avec effet immédiat et ce pour une durée déterminée jusqu'à l'assemblée générale
annuelle de la Société qui se tiendra en l'année 2016:

- Monsieur Jean-Christophe MORANDEAU, administrateur
- Monsieur Jason TRÉPANIER, administrateur
- Monsieur Jérôme Gerard Marie URVOY, administrateur
- Monsieur Hervé GUINAMANT, administrateur
- PricewaterhouseCoopers, réviseur d'entreprises agréé
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 12 juin 2015.

NGAM S.A.
Signature

Référence de publication: 2015089073/21.
(150101565) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

95525

U X E M B O U R G

Financière du Champ de Mars S.A., Société Anonyme.

Siège social: L-1724 Luxembourg, 43, boulevard du Prince Henri.

R.C.S. Luxembourg B 182.663.

Pour la Société

Référence de publication: 2015087149/10.
(150099573) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Farrivulet Management S.A., Société Anonyme.

Siège social: L-9365 Eppeldorf, 19, Beforterstrooss.

R.C.S. Luxembourg B 143.697.

Les statuts coordonnés de la prédite société au 26 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.

Beringen, le 12 juin 2015.

Maître Marc LECUIT
Notaire

Référence de publication: 2015088877/13.
(150101475) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

HayFin DLF LuxCo 1 S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

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

R.C.S. Luxembourg B 172.942.

Extrait des résolutions adoptées lors de l'assemblée générale extraordinaire du 9 juin 2015:

- Est nommé gérant de classe B de la société pour une période indéterminée Mons. Graeme Jenkins, employée privée,

résidant professionnellement au 2, Boulevard Konrad Adenauer, L-1115 Luxembourg en remplacement du gérant démis-
sionnaire Mme. Marion Fritz, avec effet au 29 mai 2015.

Luxembourg, le 9 juin 2015.

Signatures
Un mandataire

Référence de publication: 2015087199/15.
(150099958) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Aqua 1 S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.494,00.

Siège social: L-2086 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 163.069.

L'adresse de Monsieur Claude Richard AMOS, Associé unique et Gérant unique, est la suivante depuis le 1

mai 2015:

Icon Tower 1
Apartment 713
Jumeirah Lakes Tower
Dubai
United Arab Emirates

Fait le 03 juin 2015.

Certifié sincère et conforme

Référence de publication: 2015091786/16.
(150103741) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juin 2015.

95526

U X E M B O U R G

Four Seasons Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-1610 Luxembourg, 42-44, avenue de la Gare.

R.C.S. Luxembourg B 169.803.

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: 2015085382/9.
(150098021) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Financial Power Investment S.A., Société Anonyme.

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

R.C.S. Luxembourg B 128.715.

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: 2015085396/9.
(150097731) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Inter Ikea Holding S.A., Société Anonyme Soparfi.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.

R.C.S. Luxembourg B 38.952.

Les comptes consolidés 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.

Le 11 juin 2015.

Pour la Société
Evgenia Matveeva

Référence de publication: 2015088949/12.
(150101281) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

Eneco S.A., Société Anonyme.

Siège social: L-5326 Contern, 22, rue Edmond Reuter.

R.C.S. Luxembourg B 72.529.

Auszug aus dem Protokoll der Ordentlichen Generalversammlung abgehalten am Firmensitz Ausserordentlich am 28. April

2015 um 14.00 Uhr

Die Versammlung verlängert einstimmig bis zur ordentlichen Generalversammlung die im Jahre 2021 stattfinden wird

die Mandate folgender Verwaltungsratsmitglieder:

Herr Rainer KLÖPPNER, Verwaltungsratsmitglied und Delegierter des Verwaltungsrates, geboren in Neuwied (D) am

22.10.1964, wohnhaft in D - 54329 Konz, Vor Remig 13

Herr Georges ORIGER, Verwaltungsratsmitglied und Delegierter des Verwaltungsrates, geboren in Ettelbruck (L) am

09.05.1968, wohnhaft in L - 9124 Schieren, 32, Rue Lehberg

Herr Udo GOUVERNEUR, Verwaltungsratsmitglied, geboren in Köln (D) am 11.07.1965, wohnhaft in D - 54338

Schweich, 22, In der Olk

Herr Helmut Gröber, Verwaltungsratsmitglied, geboren in Morbach (D) am 28.01.1968, wohnhaft in D - 54311 Trier-

weiler, 5A, Igeler Strasse

Das Mandat des Aufsichtskommissars FIRELUX S.A., einschrieben im Handelsregister Luxemburg unter der Nummer

B 84589, mit Sitz in L - 9053 Ettelbruck, 45, Avenue J.F. Kennedy, wird ebenfalls verlängert bis zur Generalversammlung
die im Jahre 2021 stattfinden wird.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Der Verwaltungsrat

Référence de publication: 2015088842/24.
(150101627) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juin 2015.

95527

U X E M B O U R G

FINANCIERE D'EVRY Spf S.A., Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-1724 Luxembourg, 3A, boulevard du Prince Henri.

R.C.S. Luxembourg B 34.498.

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: 2015085397/9.
(150097482) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Hann Sarl, Société à responsabilité limitée.

Siège social: L-4051 Esch-sur-Alzette, 112, rue du Canal.

R.C.S. Luxembourg B 139.370.

Le Bilan au 31.12.2012 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg.

Signature.

Référence de publication: 2015087232/10.
(150100054) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Bermuda Holdco Lux 3 S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 161.004.

Statuts coordonnés déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Junglinster, le 10 juin 2015.

Pour copie conforme

Référence de publication: 2015086971/11.
(150099403) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Barclays Pelleas Investments S.à r.l., Société à responsabilité limitée.

Capital social: USD 1.566.750,00.

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

R.C.S. Luxembourg B 127.231.

Il résulte du procès-verbal des résolutions adoptées par l'assemblée générale des actionnaires de la Société au siège social

en date du 8 juin 2015, la décision de nommer un nouveau gérant.

Nom:

Wassenaar

Prénom(s):

Jan Philip

Né le:

13 mars 1965
à Assen (NL)

Adresse professionnelle: 9, allée Scheffer

L-2520 Luxembourg

Date de nomination:

8 juin 2015

Durée:

indéterminée

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

Fait à Luxembourg, le 8 juin 2015.

Certifié conforme et sincère
Pour la Société
David Fail
Gérant

Référence de publication: 2015086959/24.
(150099869) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

95528

U X E M B O U R G

Findel Business Center West Side S.A., Société Anonyme.

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

R.C.S. Luxembourg B 140.974.

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: 2015085399/9.
(150097793) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Gemstone 4 S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 179.964.

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: 2015085437/9.
(150097677) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

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

Siège social: L-1728 Luxembourg, 13, rue du Marché-aux-Herbes.

R.C.S. Luxembourg B 140.220.

Extrait de cession de parts sociales

Suite à la cession de parts sociales en date du 9 juin 2015, nous confirmons que les associés de la société sont désormais:
- Monsieur Joseph ZERVAS, né le 29/01/1964 à Luxembourg et demeurant au 26, Fond Saint Martin, L-2135 Luxem-

bourg: 50 parts sociales.

- Monsieur Giovanni COSTA, né le 26/07/1964 à Munster (Allemagne) et demeurant au 13, rue du Marché aux Herbes,

L-1728 Luxembourg: 50 parts sociales.

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

Pour extrait sincère et conforme
COBE S.à.r.l.
Un mandataire

Référence de publication: 2015087064/17.
(150099579) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Club Luxembourgeois pour la Propagation et l'Utilisation de Beauceron A.s.b.l., Association sans but lucratif.

Siège social: L-3841 Schifflange, rue de Hédange.

R.C.S. Luxembourg F 1.452.

Lors de notre Assemblée Générale 2015 le vendredi 15 mai 2015 à Mondorf-Les-Bains, le Club Luxembourgeois pour

la Propagation et l'Utilisation du Beauceron, numéro d'immatriculation F1452, a décidé de changer l'adresse du siège du
Club:

Numéro d'immatriculation: F1452
Rectificatif des statuts du Club Luxembourgeois pour la Propagation et l'Utilisation du Beauceron,

Chapitre 1

. Dénomination, Buts

Art. 2. L'association a son siège à Luxembourg, 11, rue Paul Eyschen, L-5651 Mondorf-Les-Bains.
Il peut être transféré à tout autre endroit du Grand-Duché sur décision prise à la majorité par le Conseil d' Administration.

Sa durée est illimitée.

Mondorf-Les-Bains, le 9 juin 2015.

Signatures
Le président / La secrétaire

Référence de publication: 2015087063/19.
(150099678) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

95529

U X E M B O U R G

La One S.A., Société Anonyme.

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

R.C.S. Luxembourg B 49.693.

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: 2015087330/9.
(150099886) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Landlake Invest S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 115.094.

Le bilan et l’annexe 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.

Pour la société
Un gérant

Référence de publication: 2015087312/11.
(150099254) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Guardian Middle East & Africa SE, Société Européenne.

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

R.C.S. Luxembourg B 148.019.

Luxembourg, le 5 juin 2015.

Pour Guardian Middle East & Africa S.E.
Signature

Référence de publication: 2015085429/12.
(150097884) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

MACK SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-1150 Luxembourg, 251, route d'Arlon.

R.C.S. Luxembourg B 35.717.

Auszug aus dem Protokoll der ordentlichen Generalversammlung gehalten am 29. Mai 2015 von 14:30 bis 15:00 Uhr

Die Gesellschafter fassten hiermit einstimmig den Beschluss:
Zu Verwaltungsratsmitgliedern sind bestellt:
Kevin Moody, wohnhaft in 1150 Luxemburg,
241 route d'Arlon - Präsident des Verwaltungsrats
Mika Valanki, wohnhaft in 2526 Luxemburg
30 rue Schrobilgen - Verwaltungsratsmitglied
Christian Kosch, wohnhaft in 5839 Fentange
6 Duelemerbaach - Verwaltungsratsmitglied
Zum Kommissar ist bestellt:
Jean-Claude Beneke, wohnhaft in 6580 Rosport, 29 route d'Echternach
Die Mandate der Verwaltungsratsmitglieder und des Kommissars enden, sofern sie nicht verlängert werden, mit Ablauf

der ordentlichen Generalversammlung über das Geschäftsjahr 2015.

Für die Richtigkeit des Auszugs
Mika Valanki

Référence de publication: 2015087369/22.
(150099720) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

95530

U X E M B O U R G

Almasa S.A., Société Anonyme Soparfi.

Siège social: L-2449 Luxembourg, 41, boulevard Royal.

R.C.S. Luxembourg B 14.210.

Extrait des résolutions prises en date du 29 mai 2015 lors de la réunion du Conseil d'Administration

- Monsieur Philippe Lambert, expert-comptable, demeurant professionnellement à L-8362 Grass, 4 rue de Kleinbettin-

gen, est nommé Président du Conseil d'Administration, jusqu'à l'échéance de son mandat, soit jusqu'à l'Assemblée Générale
Statutaire de 2021.

Luxembourg, le 29 mai 2015.

Certifié sincère et conforme
ALMASA SA
Le Conseil d'Administration

Référence de publication: 2015089371/15.
(150102910) Déposé au registre de commerce et des sociétés de Luxembourg, le 15 juin 2015.

Stunnersville S.à r.l. SPF, Société à responsabilité limitée - Société de gestion de patrimoine familial.

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

R.C.S. Luxembourg B 179.399.

L'an deux mille quinze, le vingt-sept mai.
Par-devant Nous, Maître Martine Schaeffer, notaire résidant à Luxembourg (Grand-Duché de Luxembourg).

ONT COMPARU:

1. Monsieur Jorge DARPON SIERRA, domicilié à Calle Mucara, 6, 2DR Getxo, Vzcaya, Espagne;
2. Monsieur Iñigo BILBAO MANCISIDOR, domicilié à Calle Marques del Puerto, 8-1 iz, Bilbao Vizcaya, Espagne;
3. Monsieur Daniel BILBAO MANCISIDOR, domicilié à Calle Juan Bravo, 44, 8°, Derecha, Madrid, Espagne;
4. Monsieur Enrique LLOVERAS PUCHERCOS, domicilié à Calle Berlin, 30, Atico 1°, Madrid, Espagne;
5. Monsieur Manuel Jesús REVUELTA LUCERA, domicilié à Sotera de la Mier, 12 4°F, Sestao Vizcaya, Espagne;
6. Madame Hectorina DIAZ LOPEZ, domiciliée à Calle Colon de Larreategui, 38, Bilbao, Vizcaya, Espagne;
7. Monsieur Luis Fernando ENALES HERNANDEZ, domicilié à Grpo. Landesa Etxe Taldea 3 2B, Muncia, Vizcaya,

Espagne;

8. Madame Maria Begoña IBANEZ MUNOZ, domiciliée à Calle Camino de la Huerta, Alcobendas, Madrid, Espagne;
9. Monsieur Juan Antonio GARCIA SETIEN, domicilié à Calle Ciudad Jardin, 84, Bilbao, Vizcaya, Espagne; et
10. Madame Julie FRANKS ORTEGA, domiciliée à Calle Ciudad Jardin, 84, Bilbao, Vizcaya, Espagne;
ici représentés par Monsieur Liridon ELSHANI, employé privé, résidant professionnellement au 74, avenue Victor

Hugo, L-1750 Luxembourg Grand-Duché de Luxembourg en vertu de dix procurations données sous seing privé.

Lesquelles procurations signées «ne varietur» par le mandataire des comparantes et par le notaire resteront annexées au

présent acte pour être soumises avec lui aux formalités d'enregistrement.

Les comparants, représentés comme indiqué ci-dessus, ont prié le notaire instrumentant d’acter ce qui suit;
I. Que les comparants sont les seuls associés (les "Associés") de STUNNERVILLE SARL, SPF., une société à respon-

sabilité limitée société de gestion de patrimoine familial, ayant son siège social au L-2311 Luxembourg, 3, avenue Pasteur,
inscrite au Registre de Commerce et des Sociétés à Luxembourg section B numéro 179.399 (la "Société") et constituée
suivant acte reçu par Maître Francis KESSELER, notaire de résidence à Esch-sur-Alzette, en date du 03 juillet 2013, dont
les statuts (les "Statuts") ont été publiés au Mémorial C, Recueil des Sociétés et Associations (le "Mémorial") le 30 sep-
tembre 2013 numéro 2409. Les Statuts ont été modifiés pour la dernière fois suivant un acte de Maître Francis KESSELER
en date du 19 décembre 2013, publié au Mémorial le 05 mai 2014, numéro 1127.

II. Que l’ordre du jour est le suivant:
1. Augmentation du capital social à concurrence de deux cent cinquante-quatre mille euros (EUR 254.000,-) pour le

porter de son montant actuel de cinq millions cinq cent mille euros (EUR 5.500.000,-) à cinq millions sept cent cinquante-
quatre mille euros (EUR 5.754.000,-) par la création de deux cent cinquante-quatre mille (254.000) parts sociales nouvelles
de classe B, jouissant des mêmes droits et avantages que les parts sociales anciennes de la même classe.

2. Souscription et libération intégrale des parts sociales de classe B ainsi créées par incorporation des bénéfices reportés;
3. Suppression dans les Statuts de toute référence au capital autorisé, à compter de ce jour;
4. Modification subséquente de l’article 6 des statuts pour le mettre en concordance avec les résolutions qui précèdent;
5. Divers.
Ensuite les associés ont pris à l’unanimité des voix, les résolutions suivantes:

95531

U X E M B O U R G

Première résolution

Les Associés décident d’augmenter le capital social à concurrence de deux cent cinquante-quatre mille euros (EUR

254.000,-) pour le porter de son montant actuel de cinq millions cinq cent mille euros (EUR 5.500.000,-) à cinq millions
sept cent cinquante-quatre mille euros (EUR 5.754.000,-) par la création de deux cent cinquante-quatre mille (254.000)
parts sociales nouvelles de classe B, jouissant des mêmes droits et avantages que les parts sociales anciennes de la même
classe.

Deuxième résolution

Sont ensuite intervenus aux présentes:
1. Monsieur Jorge DARPON SIERRA, domicilié à Calle Mucara, 6, 2DR Getxo, Vzcaya, Espagne,
déclare souscrire quatre mille six cent vingt-trois (4.623) parts sociales de classe B d’une valeur nominale d’un euro

(EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quatre mille six cent vingt-trois euros (EUR 4.623,-.).

2. Monsieur Iñigo BILBAO MANCISIDOR, domicilié à Calle Marques del Puerto, 8-1 iz, Bilbao Vizcaya, Espagne,
déclare souscrire quarante-six mille cent soixante-dix-sept (46.177) parts sociales de classe B d’une valeur nominale

d’un euro (EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quarante-six mille cent soixante-dix-sept euros (EUR 46.177,-).

3. Monsieur Daniel BILBAO MANCISIDOR, domicilié à Calle Juan Bravo, 44, 8°, Derecha, Madrid, Espagne,
déclare souscrire quarante-six mille cent soixante-dix-sept (46.177) parts sociales class B d’un valeur nominale euro

(EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quarante-six mille cent soixante-dix-sept euros (EUR 46.177,-).

4. Monsieur Enrique LLOVERAS PUCHERCOS, domicilié à Calle Berlin, 30, Atico 1°, Madrid, Espagne,
déclare souscrire quarante-six mille cent soixante-dix-sept (46.177) parts sociales class B d’un valeur nominale euro

(EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quarante-six mille cent soixante-dix-sept euros (EUR 46.177,-).

5. Monsieur Manuel Jesús REVUELTA LUCERA, domicilié à Sotera de la Mier, 12 4°F, Sestao Vizcaya, Espagne,
déclare souscrire dix-huit mille quatre cent soixante-six (18.466) parts sociales de classe B d’une valeur nominale d’un

euro (EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

dix-huit mille quatre cent soixante-six euros (EUR 18.466,-).

6. Madame Hectorina DIAZ LOPEZ, domiciliée à Calle Colon de Larreategui, 38, Bilbao, Vizcaya, Espagne,
déclare souscrire quarante-six mille cent soixante-dix-sept (46.177) parts sociales de classe B d’une valeur nominale

d’un euro (EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quarante-six mille cent soixante-dix-sept euros (EUR 46.177,-).

7. Monsieur Luis Fernando ENALES HERNANDEZ, domicilié à Grpo. Landesa Etxe Taldea 3 2B, Muncia, Vizcaya,

Espagne,

déclare souscrire neuf mille deux cent quarante-six (9.246) parts sociales de classe B d’une valeur nominale d’un euro

(EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

neuf mille deux cent quarante-six euros (EUR 9.246,-).

8. Madame Maria Begoña IBANEZ MUNOZ, domiciliée à Calle Camino de la Huerta, Alcobendas, Madrid, Espagne,
déclare souscrire vingt-sept mille sept cent onze (27.711) parts sociales de classe B d’une valeur nominal d’un euro

(EUR 1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

vingt-sept mille sept cent onze euros (EUR 27.711,-).

9. Monsieur Juan Antonio GARCIA SETIEN, domicilié à Calle Ciudad Jardin, 84, Bilbao, Vizcaya, Espagne,
déclare souscrire quatre mille six cent vingt-trois (4.623) parts sociales de classe B d’une valeur nominale d’un (EUR

1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quatre mille six cent vingt-trois euros (EUR 4.623,-).

10. Madame Julie FRANKS ORTEGA, domiciliée à Calle Ciudad Jardin, 84, Bilbao, Vizcaya, Espagne,

95532

U X E M B O U R G

déclare souscrire quatre mille six cent vingt-trois (4.623) parts sociales de classe B d’une valeur nominale d’un (EUR

1,-),

lesquelles parts sociales ont été intégralement libérées par l'incorporation des «bénéfices reportés» à concurrence de

quatre mille six cent vingt-trois euros (EUR 4.623,-).

La preuve de l'existence des bénéficies reportés adéquates de la Société susceptibles d'être intégrés au capital social a

été rapportée au notaire instrumentant par un bilan au 30 juin 2014 dûment approuvé.

Troisième résolution

Les Associés décident de supprimer toute référence liée au capital autorisé figurant dans les statuts de la Société, à

compter de ce jour.

Quatrième résolution

Suite aux résolutions qui précèdent, les associés décident de modifier l’article 6 des statuts de la Société qui aura

désormais la teneur suivante:

« Art. 6. Le capital social de la société est fixé à cinq millions sept cent cinquante-quatre mille euros (EUR 5.754.000,-)

divisé en cinq millions sept cent cinquante-quatre mille (5.754.000) parts sociales, dont une (1) part sociale de classe A «la
part de classe A» et cinq millions sept cent cinquante-trois mille neuf cent quatre-vingt-dix-neuf (5.753.999) parts sociales
de classe B «les parts de classe B» ayant une valeur nominale d'un euro (EUR 1,-) chacune, entièrement souscrites et
libérées.

Les spécificités des deux classes de parts seront détaillées à l'article 19 ci-dessous.»

Frais

Le montant des dépenses, frais, rémunérations et charges qui pourraient incomber à la société ou être mis à sa charge,

suite à l'augmentation de capital qui précède, est estimé approximativement à deux mille cent euros (EUR 2.100,-).

DONT ACTE, fait et passé au lieu et, date qu'en tête des présentes.
Et après lecture faite et interprétation données de tout ce qui précède au mandataire des associés. ce dernier a signé avec

le notaire instrumentant le présent acte

Signé: L. Elshani et M. Schaeffer.
Enregistré à Luxembourg Actes Civils 2, le 3 juin 2015. Relation: 2LAC/2015/12184. Reçu soixante-quinze euros Eur

75.-

Le Receveur (signé): André MULLER.

POUR EXPEDITION CONFORME, délivrée à la demande de la prédite société, aux fins d’inscription au Registre de

Commerce.

Luxembourg, le 9 juin 2015.

Référence de publication: 2015086728/129.
(150098641) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juin 2015.

NetOTC Holdings S.à r.l., Société à responsabilité limitée.

Capital social: GBP 55.440,00.

Siège social: L-2330 Luxembourg, 128, boulevard de la Pétrusse.

R.C.S. Luxembourg B 164.493.

In the year two thousand and fifteen, on the twenty-ninth day of May.
Before Maître Jacques KESSELER, notary residing in Pétange (Grand Duchy of Luxembourg),

was held

the extraordinary general meeting of shareholders of NetOTC Holdings S.à r.l., a société à responsabilité limitée, having

its registered office at: 128, Boulevard de la Pétrusse, L-2330 Luxembourg, Grand Duchy of Luxembourg, registered with
the Luxembourg Register of Trade and Companies under number B 164.493, incorporated by a deed of Maître Edouard
DELOSCH, notary, then residing in Rambrouch, on October 27, 2011, published in the Mémorial C, Recueil des Sociétés
et Associations number 3116 of December 19, 2011 (hereinafter the Company). The articles of association of the Company
have been amended for the last time pursuant to a deed of Maître Francis KESSELER, dated 19 November 2014, published
in the Mémorial C, Recueil des Sociétés et Associations number 596 of 4 March 2015.

The meeting was presided by John Colleran, lawyer, professionally residing in Howald (hereinafter the Chairman), who

appointed as secretary Peik Heirman, lawyer, professionally residing in Howald.

The meeting elected as scrutineer Guido Zanchi, lawyer, professionally residing in Howald.
The board of the meeting having thus been constituted, the Chairman declared and requested the notary to state that:

95533

U X E M B O U R G

I. The shareholders present or represented, the proxies of the shareholders represented and the number of their shares

are shown on an attendance list; this attendance list having been signed by the shareholders present, the proxyholders
representing the shareholders, the members of the board of the meeting and the undersigned notary, shall remain annexed
to this document to be filed with the registration authorities.

The proxies given by the represented shareholders after having been initialled ne varietur by the members of the board

of the meeting and the undersigned notary shall remain annexed to this document to be filed with the registration authorities.

II. It appears from the attendance list that all the ten thousand and five hundred (10,500) Class A shares and all the thirty

one thousand five hundred (31,500) Class B shares, representing the whole share capital of forty two thousand GBP (GBP
42,000) are represented at the present extraordinary general meeting.

III. The agenda of the extraordinary general meeting is the following:
1. Increase of the capital of the Company in the amount of thirteen thousand four hundred and forty GBP (GBP 13,440.-)

so as to raise it from its present amount of forty two thousand GBP (GBP 42,000.-) to fifty five thousand four hundred and
forty GBP (GBP 55,440.-), by the issuance of thirteen thousand four hundred and forty (13,440) new Class B shares of one
GBP (GBP 1.-) each, together with an issue premium of fifteen million, nine hundred eighty six thousand, five hundred
and sixty GBP (GBP 15,986,560.-), each share having the rights and obligations attached to the class of shares to which it
belongs in accordance with the articles of association of the Company.

2. Subscription and paying-up by Anstalt Fürst Liechtenstein of the thirteen thousand four hundred and forty (13,440)

new Class B shares of one GBP (GBP 1.-) each, together with an issue premium of fifteen million, nine hundred eighty six
thousand, five hundred and sixty GBP (GBP 15,986,560.-), by a contribution in kind of liquid, certain and outstanding
claims held by Anstalt Fürst Liechtenstein against the Company for an aggregate amount of ten million, six hundred and
sixty six thousand, six hundred and sixty seven GBP (GBP 10,666,667.-) and a contribution in cash of an amount of five
million three-hundred and thirty three thousand, three hundred and thirty three GBP (GBP 5,333,333.-).

3. Amendment of paragraph 5.1 of Article 5 of the articles of association of the Company to read as follows:

“ 5.1. “The subscribed share capital is set at fifty-five thousand four hundred and forty GBP (GBP 55,440.-) divided

into ten thousand and five hundred (10,500) class A shares having a nominal value of one GBP (GBP 1.00) each (the “Class
A Shares”) and forty-four thousand nine hundred and forty (44,940) class B shares having a nominal value of one GBP
(GBP 1.00) each (the “Class B Shares”).”

After the foregoing was approved by the meeting, the meeting unanimously took the following resolutions:

First resolution

The meeting decides to increase the capital of the Company in the amount of thirteen thousand four hundred and forty

GBP (GBP 13,440.-) so as to raise it from its present amount of forty two thousand GBP (GBP 42,000.-) to fifty five
thousand four hundred and forty GBP (GBP 55,440.-), by the issuance of thirteen thousand four hundred and forty (13,440)
new Class B shares of one GBP (GBP 1.-) each, together with an issue premium of fifteen million, nine hundred eighty six
thousand, five hundred and sixty GBP (GBP 15,986,560.-), each share having the rights and obligations attached to the
class of shares to which it belongs in accordance with the articles of association of the Company.

Subscription - Payment

Anstalt Fürst Liechtenstein, an establishment incorporated under the laws of the Principality of Lichtenstein, having its

registered office at Bergstrasse 5, 9490 Vaduz, Principality of Lichtenstein, registered under number FL-0002.461.401-3,
represented by John Colleran, prenamed, by virtue of a proxy given on 27 May 2015, has declared to subscribe thirteen
thousand four hundred and forty (13,440) new Class B shares of one GBP (GBP 1.-) each, together with an issue premium
of fifteen million, nine hundred eighty six thousand, five hundred and sixty GBP (GBP 15,986,560.-), and to pay them up
by a contribution in kind of liquid, certain and outstanding claims held by Anstalt Fürst Liechtenstein against the Company
for an aggregate amount of ten million, six hundred and sixty six thousand, six hundred and sixty seven GBP (GBP
10,666,667.-) and a contribution in cash of an amount of five million three-hundred and thirty three thousand, three hundred
and thirty three GBP (GBP 5,333,333.-).

Proof of such subscription and payment has been given by the presentation of (i) the certificate dated 29 May 2015 from

two managers of the Company relating to the existence and the amount of the claim held by Anstalt Fürst Liechtenstein
against the Company and (ii) the blocking certificate dated 28 May 2015.

Second resolution

The meeting decides to amend paragraph 5.1 of Article 5 of the articles of association of the Company to read as follows:

“ 5.1. “The subscribed share capital is set at fifty-five thousand four hundred and forty GBP (GBP 55,440.-) divided

There being no further business on the agenda, the meeting was thereupon closed.

WHEREOF, the present notarial deed was drawn up in Howald on the date mentioned at the beginning of this document.

95534

U X E M B O U R G

The deed having been read to the appearing persons, known to the notary by surname, first name, civil status and

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

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

the present deed is worded in English, followed by a French translation. On request of the same appearing persons and in
case of divergences between the English and the French text, the English version will prevail.

Follows the french version

L’an deux mille quinze, le vingt-neuf mai,
Par-devant Maître Jacques KESSELER, notaire de résidence à Pétange (Grand-Duché du Luxembourg),

S’est tenue

l’assemblée générale extraordinaire des associés de la société NetOTC Holdings S.à r.l., une société à responsabilité

limitée, avec son siège social situé au 128, Boulevard de la Pétrusse, L-2330 Luxembourg, Grand-Duché du Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 164.493, constituée suivant acte
reçu par Maître Edouard DELOSCH, notaire, alors de résidence à Rambrouch, en date du 27 octobre 2011, publié au
Mémorial C, Recueil des Sociétés et Associations, numéro 3116 en date du 19 décembre 2011 (ci-après la Société). Les
statuts de la Société ont été modifiés suivant acte reçu par le notaire Maître Francis Kesseler, en date du 19 novembre 2014,
publié au Mémorial C, Recueil des Sociétés et Associations le 4 mars 2015, sous le numéro 596.

L’assemblée est présidée par John Colleran, avocat, demeurant professionnellement à Howald, (ciaprès le Président),

qui désigne comme secrétaire Peik Heirman, avocat, demeurant professionnellement à Howald.

L’assemblée choisit comme scrutateur Guido Zanchi, juriste, demeurant professionnellement à Howald.
Le bureau de l’assemblée ayant ainsi été constitué, le Président déclare et prie le notaire d’acter que:
I. Les associés présents ou représentés, les mandataires des associés représentés et le nombre de parts sociales qu'ils

détiennent sont renseignés sur une liste de présence; cette liste de présence, après avoir été signée par les associés présents,
les mandataires des associés représentés, les membres du bureau de l’assemblée et le notaire soussigné, restera annexée au
présent acte pour être soumise avec lui aux formalités d’enregistrement.

Les procurations données par les associés représentés, après avoir été signées ne varietur par les membres du bureau de

l’assemblée et le notaire soussigné, resteront annexées au présent acte pour être soumises avec lui aux formalités d’enre-
gistrement.

II. Il apparaît de cette liste de présence que toutes les dix mille cinq cents (10.500) Parts Sociales de Classe A et toutes

les trente et un mille cinq cent (31.500) Parts Sociales de Classe B, représentant l’intégralité du capital social de quarante-
deux mille GBP (GBP 42.500), sont représentées à la présente assemblée générale extraordinaire.

III. L’ordre du jour de l’assemblée générale extraordinaire est le suivant:
1. Augmentation du capital de la Société d’un montant de treize mille quatre cent quarante GBP (GBP 13.440) afin de

le porter de son montant actuel de quarante-deux mille GBP (GBP 42.000) à cinquante-cinq mille quatre cent quarante
GBP (GBP 55.440), par l’émission de treize mille quatre cent quarante (13.440) nouvelles parts sociales de Classe B d’une
GBP (GBP 1.-) chacune, ensemble avec une prime d’émission de quinze millions neuf cent quatre-vingt-six mille cinq cent
soixante GBP (GBP 15.986.560), chacune des parts sociales ayant des droits et des obligations attachées à la classe de parts
sociales à laquelle elle appartient conformément aux statuts de la Société.

2. Souscription et libération par Anstalt Fürst Liechtenstein de treize mille quatre cent quarante (13.440) nouvelles parts

sociales de Classe B d’une GBP (GBP 1.-) chacune, ensemble avec une prime d’émission de de quinze millions neuf cent
quatre-vingt-six mille cinq cent soixante GBP (GBP 15.986.560), par un apport en nature d'une créance liquide, certaine
et exigible détenue par Anstalt Fürst Liechtenstein contre la Société pour un montant de dix millions six cent soixante-six
mille six cent soixante-sept GBP (GBP 10.666.667) et un apport en numéraire d'un montant de cinq millions trois cent
trente-trois mille trois cent trente-trois GBP (GBP 5.333.333).

3. Modification des paragraphes 5.1 de l’article 5 des statuts de la Société pour lui donner la teneur suivante:

« 5.1. Le capital social souscrit est fixé à cinquante-cinq mille quatre cent quarante GBP (GBP 55.440) divisé en dix

mille cinq cents (10.500) Parts Sociales de Classe A ayant une valeur nominale d’une GBP (1 GBP) chacune (les «Parts
Sociales de Classe A») et quarante-quatre mille neuf cent quarante (44.940) Parts Sociales de Classe B ayant une valeur
nominale d’une GBP (1 GBP) chacune (les «Parts Sociales de Classe B»).»

Ces faits exposés et reconnus exacts par l’assemblée, l’assemblée a pris à l’unanimité des voix les résolutions suivantes:

Première résolution

L’assemblée décide d’ augmenter le capital de la Société d’un montant de treize mille quatre cent quarante GBP (GBP

13.440) afin de le porter de son montant actuel de quarante-deux mille GBP (GBP 42.000) à cinquante-cinq mille quatre
cent quarante GBP (GBP 55.440), par l’émission de treize mille quatre cent quarante (13.440) nouvelles parts sociales de
Classe B d’une GBP (GBP 1.-) chacune, ensemble avec une prime d’émission de quinze millions neuf cent quatre-vingt-
six mille cinq cent soixante GBP (GBP 15.986.560), chacune des parts sociales ayant des droits et des obligations attachées
à la classe de parts sociales à laquelle elle appartient conformément aux statuts de la Société.

95535

U X E M B O U R G

Souscription - Paiement

Anstalt Fürst Liechtenstein, une fondation constituée et gouvernée par les lois de la Principauté du Liechtenstein, ayant

son siège social à Bergstrasse 5, 9490 Vaduz, Principauté du Liechtenstein, enregistrée sous le numéro FL-0002.461.401-3,
représentée par John Colleran, dénommé ci-avant, en vertu d’une procuration donnée le 27 mai 2015, a déclaré souscrire
à treize mille quatre cent quarante (13.440) nouvelles parts sociales de Classe B d’une GBP (GPB 1) chacune, ensemble
avec une prime d’émission de quinze millions neuf cent quatre-vingt-six mille cinq cent soixante GBP (GBP 15.986.560),
par un apport en nature d'une créance liquide, certaine et exigible détenue par Anstalt Fürst Liechtenstein contre la Société
pour un montant de dix millions six cent soixante-six mille six cent soixante-sept GBP (GBP 10.666.667) et un apport en
numéraire d'un montant de cinq millions trois cent trente-trois mille trois cent trente-trois GBP (GBP 5.333.333).

La preuve de la souscription et du paiement a été donnée par la présentation du (i) certificat daté du 29 mai 2015 du

conseil de gérance de la Société relatif à l'existence et au montant de la créance détenue par Anstalt Fürst Liechtenstein à
l’encontre de la Société et (ii) certificat de blocage en 28 mai 2015.

Deuxième résolution

L’assemblée décide de modifier les paragraphes 5.1 de l’article 5 des statuts de la Société pour lui donner la teneur

« 5.1. Le capital social souscrit est fixé à cinquante-cinq mille quatre cent quarante GBP (GBP 55.440) divisé en dix

Plus rien n’étant à l’ordre du jour, la séance est levée.

DONT ACTE, passé à Howald, date qu'en tête des présentes.
Et après lecture faite et interprétation donnée aux comparants, qui sont tous connus du notaire par leurs noms, prénoms,

états et demeures, les comparants ont signé ensemble avec le notaire le présent acte.

A la demande des comparants le notaire soussigné, qui parle et comprend l’anglais, a établi le présent acte en anglais

suivi d’une version française. Sur demande des comparants, et en cas de divergences entre le texte anglais et le texte français,
la version anglaise prime.

Signé: Colleran, Heirman, Zanchi, Kesseler.
Enregistré à Esch/Alzette Actes Civils, le 02 juin 2015. Relation: EAC/2015/12361. Reçu soixante-quinze euros 75,00

€.

Le Receveur ff. (signé): M. Halsdorf.

POUR EXPEDITION CONFORME
Référence de publication: 2015087394/165.
(150099316) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 juin 2015.

Beneshare Xpress Logistics (Luxembourg) S.A., Société Anonyme.

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

R.C.S. Luxembourg B 111.838.

EXTRAIT

Il résulte de l'assemblée générale ordinaire tenue en date du 2 juin 2015 que:
Monsieur Bertrand MICHAUD et Madame Valérie RAVIZZA ont démissionné de leur fonction respective d'adminis-

trateur-président et d'administrateur.

Madame Sabrina CAPODICI, employée privée, née le 5 avril 1986 à Forbach (France), demeurant professionnellement

au 10, rue Antoine Jans L-1820 Luxembourg et madame Amarilda ASLLANI, employée privée, née le 21 janvier 1986 à
Pjetroshan-Shkodër (Albanie), demeurant professionnellement au 10, rue Antoine Jans L-1820 Luxembourg ont été nom-
mées à la fonction d'administrateur.

Leurs mandats viendront à échéance lors de l'Assemblée Générale Ordinaire qui se tiendra en 2021.
Monsieur Judicael MOUNGUENGUY, actuel administrateur, est nommé président du Conseil d'Administration. Il sera

désormais domicilié au 10, rue Antoine Jans, L-1820 Luxembourg.

Le mandat de commissaire aux comptes de la société Ser.Com Sàrl, B 117942, ainsi que le mandat de Monsieur Judicael

MOUNGUENGUY sont prolongés jusqu'à l'Assemblée Générale annuelle qui se tiendra en 2021.

Le siège social de la société a été transféré de son ancienne adresse au 10, rue Antoine Jans L-1820 Luxembourg.

Pour extrait conforme

Référence de publication: 2015087800/22.
(150100554) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 juin 2015.

95536

U X E M B O U R G

E.V.G. (Ergon Vehicle Gulliver) S.A., Société Anonyme.

Siège social: L-2165 Luxembourg, 26-28, rives de Clausen.

R.C.S. Luxembourg B 195.727.

L'AN DEUX MILLE QUINZE,
LE QUATRE JUIN.
Par-devant Maître Cosita DELVAUX, notaire de résidence à Luxembourg, Grand-Duché de Luxembourg.

A comparu:

Monsieur Arnaud FOURCHY, employé privé, résidant professionnellement au Luxembourg,
agissant en tant que mandataire de la société anonyme dénommée «E.V.G. (Ergon Vehicle Gulliver) S.A.», ayant son

siège social au 26-28, rives de Clausen, L-2165 Luxembourg, Grand-Duché de Luxembourg, immatriculée au R.C.S.
Luxembourg, sous la Section B et le numéro 195.727,

société constituée aux termes d'un acte reçu en date du 3 mars 2015 par le notaire soussigné, publié au Mémorial C,

Recueil des Sociétés et Associations numéro 1274 du 16 mai 2015, les statuts n'ayant jamais été modifiés jusqu'à ce jour,

en vertu d'un pouvoir lui conféré par décision du conseil d'administration tenu le 12 mai 2015,
copie de ce procès-verbal de la réunion du conseil d'administration, après avoir été signée "ne varietur" par la partie

comparante et le notaire soussigné, restera annexée au présent acte avec lequel elle sera soumise à la formalité du timbre
et de l'enregistrement.

Laquelle partie comparante, ès-qualité qu'elle agit, a requis le notaire instrumentant d'acter les déclarations suivantes:
1. Que la Société a un capital émis de EUR 40.000,- (quarante mille Euros) représenté par 40.000,- (quarante mille)

actions d'une valeur nominale de EUR 1,- (un Euro).

2. Qu'aux termes de l'article 5.2 des statuts, la Société a un capital autorisé de EUR 20.000.000,- (vingt millions d'Euros),

représenté par 20.000.000 (vingt millions) d'actions d'une valeur nominale de EUR 1,- (un Euro) chacune.

3. Que le même article 5 autorise le conseil d'administration à augmenter le capital social dans les limites du capital

autorisé.

L'article 5.4 des statuts se lisent comme suit:
«En outre, le conseil d'administration est, pendant une période de cinq ans à partir de la publication du présent acte,

autorisé à augmenter en une ou plusieurs fois le capital souscrit à l'intérieur des limites du capital autorisé. Ces augmen-
tations de capital peuvent être souscrites et émises sous forme d'actions avec ou sans prime d'émission ainsi qu'il sera
déterminé par le conseil d'administration, à libérer en espèces, en nature ou par compensation avec des créances certaines,
liquides et immédiatement exigibles vis-à-vis de la société, ou même par incorporation de bénéfices reportés, de réserves
disponibles ou de primes d'émission, ou par conversion d'obligations comme dit ci-après.

Le conseil d'administration est spécialement autorisé à procéder à de telles émissions sans réserver aux actionnaires

antérieurs un droit préférentiel de souscription des actions à émettre.

Le conseil d'administration peut déléguer tout administrateur, directeur, fondé de pouvoir, ou toute autre personne

dûment autorisée, pour recueillir les souscriptions et recevoir paiement du prix des actions représentant tout ou partie de
cette augmentation de capital.

Chaque fois que le conseil d'administration aura fait constater authentiquement une augmentation du capital souscrit, il

fera adapter le présent article.

Le conseil d'administration est encore autorisé à émettre des emprunts obligataires ordinaires, avec bons de souscription

ou convertibles, sous forme d'obligations au porteur ou autre, sous quelque dénomination que ce soit et payables en quelque
monnaie que ce soit, étant entendu que toute émission d'obligations, avec bons de souscription ou convertibles, ne pourra
se faire que dans le cadre des dispositions légales applicables au capital autorisé, dans les limites du capital autorisé ci-
dessus spécifié et dans le cadre des dispositions légales, spécialement de l'article 32-4 de la loi du 10 août 1915 telle que
modifiée.

Le conseil d'administration déterminera la nature, le prix, le taux d'intérêt, les conditions d'émission et de remboursement

et toutes autres conditions y ayant trait.

Un registre des obligations nominatives sera tenu au siège social de la Société.»
4. Que par décision du 12 mai 2015 le conseil d'administration a décidé de réaliser une augmentation de capital dans les

limites du capital autorisé, à concurrence d'un montant de EUR 391.000,-(trois cent quatre-vingt-onze mille Euros) afin de
le porter de son montant actuel de EUR 40.000,- (quarante mille Euros) au montant de EUR 431.000,- (quatre cent trente-
et-un mille Euros) par la création et l'émission de 391.000,- (trois cent quatre-vingt-onze mille) actions ordinaires d'une
valeur nominale de EUR 1,- (un Euro) chacune et une prime d'émission globale de EUR 42.669.000,- (quarante deux
millions six cent soixante neuf mille Euros), jouissant des mêmes droits et avantages que les actions ordinaires actuellement
émises.

5. Que par décision du 12 mai 2015 le conseil d'administration a accepté la souscription des actions nouvellement émises

comme mieux détaillé dans le tableau ci-dessous:

95537

U X E M B O U R G

Souscripteurs

Nombre

d'actions

Ergon Capital Partners III S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

340.000

G.B.H. S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15.000

DVR-GG S.r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.000

L.D.R.P. S.C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.000

Manuel Falco Girod . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5.000

Bremhove NV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7.500

Bemo NV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.500

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

391.000

6. Que l'augmentation de capital ainsi que la prime d'émission ont été libérées intégralement par des versements en

espèces de sorte que la somme de EUR 43.060.000,- (quarante trois millions soixante mille Euros) se trouve dès à présent
à la libre disposition de la société, ainsi qu'il en a été justifié à la notaire soussignée au moyen d'un certificat bancaire.

7. Que suite à la réalisation de l'augmentation ci-dessus, le capital souscrit total se trouve porté à EUR 431.000,- (quatre

cent trente et-un mille Euros) divisé en 431.000,- (quatre cent trente-et-une mille) actions ordinaires d'une valeur nominale
de EUR 1,- (un Euro) chacune, de sorte que l'article 5.1 des statuts, aura dorénavant la teneur suivante:

« 5.1. Le capital social souscrit est fixé à quatre cent trente-et-un mille euros (EUR 431.000) représenté par quatre cent

trente-et-un mille (431.000) actions ordinaires ayant chacune une valeur nominale de un euro (EUR 1).»

Frais

Les frais, dépenses, honoraires ou charges sous quelque forme que ce soit, incombent à la société ou mis à charge en

raison des présentes sont évalués approximativement à EUR 7.000,-.

DONT ACTE, fait et passé à Luxembourg, date qu'en tête des présentes.
Et après lecture et interprétation donnée au comparant, connu du notaire instrumentant par nom, prénom, état et demeure,

il a signé avec Nous notaire le présent acte.

Signé: A. FOURCHY, C. DELVAUX.
Enregistré à Luxembourg Actes Civils 1, le 09 juin 2015. Relation: 1LAC/2015/17867. Reçu soixante-quinze euros

75,00 €.

Le Receveur ff. (signé): C. FRISING.

POUR EXPEDITION CONFORME, délivrée aux fins de dépôt au Registre de Commerce et des Sociétés de Luxem-

bourg et aux fins de publication au Mémorial C, Recueil des Sociétés et Associations.

Luxembourg, le 15 juin 2015.

Me Cosita DELVAUX.

Référence de publication: 2015089522/91.
(150102819) Déposé au registre de commerce et des sociétés de Luxembourg, le 15 juin 2015.

EASA, Société Anonyme.

Siège social: L-1147 Luxembourg, 42, rue de l'Avenir.

R.C.S. Luxembourg B 24.158.

Extrait du procès-verbal de l'assemblée générale ordinaire des actionnaires tenue le 6 mai 2015

(...)
«Le mandat de Réviseur de la société anonyme Ernst & Young (enregistrée sous le numéro de registre de commerce

B-47.771), représentée par Monsieur Werner Weynand, ayant son siège social à 5365 Munsbach (Luxembourg) vient à
échéance à l'issue de la présente assemblée. L'assemblée décide de renouveler leur mandat pour une durée de trois ans,
jusqu'à l'assemblée générale de 2018. statuant sur les comptes 2017. Cette résolution est adoptée à l'unanimité des voix.»

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

Le 6 mai 2015.

Karin DUBOIS
Mandataire

Référence de publication: 2015092026/17.
(150103203) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 juin 2015.

95538

U X E M B O U R G

HICL Infrastructure 1 S.à r.l., Société à responsabilité limitée.

Capital social: GBP 75.000,00.

Siège social: L-1116 Luxembourg, 6, rue Adolphe.

R.C.S. Luxembourg B 115.190.

Les comptes annuels au 31 mars 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: 2015085467/9.
(150097916) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

FLE Property 6, Société à responsabilité limitée.

Siège social: L-1931 Luxembourg, 33, avenue de la Liberté.

R.C.S. Luxembourg B 159.909.

Pour FLE Property 6
United International Management S.A.

Référence de publication: 2015085404/11.
(150097992) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juin 2015.

Eden 2 & Cie S.C.A., Société en Commandite par Actions.

Siège social: L-1528 Luxembourg, 1-3, boulevard de la Foire.

R.C.S. Luxembourg B 137.778.

In the year two thousand and fifteen, on the fifth day of the month of May,
before Maître Cosita DELVAUX, notary, residing in Luxembourg, Grand Duchy of Luxembourg,

was held

an extraordinary general meeting (the "Meeting") of the shareholders of Eden 2 & Cie S.C.A. (the "Company"), a société

en commandite par actions having its registered office at 1-3, Boulevard de la Foire, L-1528 Luxembourg, registered with
the Registre de Commerce et des Sociétés in Luxembourg under number B137.778, incorporated on 9 April 2008 by deed
of Me Blanche Moutrier, notary residing in Esch-sur-Alzette, Grand Duchy of Luxembourg, published in the Mémorial C,
Recueil des Sociétés et Associations (the “Mémorial”) number 1128 of 7 May 2008. The articles of association of the
Company (the “Articles”) have been amended for the last time on 24 April 2015 by deed of the undersigned notary, not
yet published in the Mémorial.

The Meeting was presided by Me François Felten, Maître en droit, residing in Luxembourg.
There was appointed as secretary and scrutineer Me Alexandre Pel, Maître en droit, residing in Luxembourg.
The chairman declared and requested the notary to state that:
I. The Meeting was convened by notices containing the agenda sent by registered mail on 24 April 2015 to all the

shareholders inscribed on the shareholders' register of the Company, in accordance with Article 23 of the articles of asso-
ciation of the Company, so that the Meeting can validly decide on all items of the below agenda.

The shareholders represented and the number of shares held by each of them are shown on an attendance list signed by

the proxyholders, the chairman, the secretary and scrutineer and the undersigned notary (the “Attendance List”). The said
list as well as the proxies received from the shareholders of the Company (the “Proxies”) will be attached to the present
minutes to be filed with it with the registration authorities.

It appeared from the said Attendance List that out of the 1 unlimited share, 331,479 class A ordinary shares, 552,277

class B ordinary shares, 115,434 class C ordinary shares, 339 class D ordinary shares, 184,000 class E1 ordinary shares,
285,600 class E2 ordinary shares, 141,461 class A preference shares, 495 class B preference shares, 45 class C preference
shares, 13,045 class D preference shares and 10,000 class E preference shares, in issue in the Company, 1 unlimited share,
331,479 class A ordinary shares, 552,277 class B ordinary shares, 90,531 class C ordinary shares, 339 class D ordinary
shares, 184,000 class E1 ordinary shares, 285,600 class E2 ordinary shares, 141,461 class A preference shares, 495 class
B preference shares, 40 class C preference shares, 12,730 class D preference shares and 10,000 class E preference shares
were represented at the Meeting, which represents at least (i) one half of the capital issued and outstanding of the Company
and (ii) at least one half of the capital issued and outstanding in each class of shares (in particular class A ordinary shares,
class B ordinary shares, class C ordinary shares, class D ordinary shares, class E1 ordinary shares, and class E2 ordinary
share) so that the present Meeting was validly constituted and able to validly decide on all the items on the agenda.

95539

U X E M B O U R G

II. The agenda of the Meeting was as follows:
a. Increase of the issued share capital of the Company to seventy-two thousand seven hundred and thirty-six British

Pounds and sixty-four pence (GBP 72,736.64) by the issue of (i) one hundred and twenty (120) class A ordinary shares
(the “New A Ords”), (ii) one hundred and twenty (120) class B ordinary shares (the “New B Ords”), (iii) one hundred and
forty thousand (140,000) class E1 ordinary shares (the “New E1 Ords”) and (iv) forty-four thousand (44,000) class E2
ordinary shares (the “New E2 Ords”), each with a nominal value of four Pence (GBP 0.04) for an aggregate subscription
price of seven thousand three hundred and sixty-nine British Pounds and sixty Pence (GBP 7,369.6) (the “Subscription
Price”); waiver by the shareholders of their preferential subscription rights in connection with the issue of shares set out
above against contributions in cash and acknowledgement of the report issued by the sole manager of the Company in that
context in accordance with article 32-3(5) of the Law (the “Manager Report”); subscription for such newly issued shares
by the individuals and companies set forth in the table below (the “Subscribers”); payment of the Subscription Price by the
Subscribers through contributions in cash and allocation of the Subscription Price to the share capital account of the
Company;

Subscribers

Number of shares and

class subscribed

Subscription

Price

Guardian Media Group PLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

120 New A Ords

20,000 New E1 Ords

GBP 4.8

GBP 800

Eden 3 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42 New B Ords

41,599 New E1 Ords

GBP 1.68

GBP 1,663.96

Eden 4 S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78 New B Ords

78,401 New E1 Ords

GBP 3.12

GBP 3,136.04

Duncan Painter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11,000 New E2 Ords

GBP 440

Amanda Gradden . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11,000 New E2 Ords

GBP 440

Mark Shashoua . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11,000 New E2 Ords

GBP 440

Michael Lisowski . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11,000 New E2 Ords

GBP 440

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

120 New A Ords

120 New B Ords

140,000 New E1 Ords

44,000 New E2 Ords

GBP 7,369.6

Consequential amendment of article 5.1 of the articles of association of the Company as follows:

“ 5.1. The issued share capital of the Company is set at seventy-two thousand seven hundred and thirty-six British Pounds

and sixty-four pence (GBP 72,736.64) represented by one million eight hundred and eighteen thousand four hundred and
sixteen (1,818,416) shares of different classes divided into (together the “Shares” and individually a “Share”):

5.1.1 one (1) unlimited share (the “Unlimited Share”);
5.1.2 three hundred and thirty-one thousand five hundred and ninety-nine (331,599) class A ordinary shares (the “A

Ordinary Shares”);

5.1.3 five hundred and fifty-two thousand three hundred and ninety-seven (552,397) class B ordinary shares (the “B

Ordinary Shares”);

5.1.4 one hundred and fifteen thousand four hundred and thirty-four (115,434) class C ordinary shares (the “C Ordinary

Shares”);

5.1.5 three hundred and thirty-nine (339) class D ordinary shares (the “D Ordinary Shares”);
5.1.6 three hundred and twenty-four thousand (324,000) class E1 ordinary shares (the “E1 Ordinary Shares”);
5.1.7 three hundred twenty-nine thousand six hundred (329,600) class E2 ordinary shares (the “E2 Ordinary Shares”);
5.1.8 one hundred and forty-one thousand four hundred and sixty-one (141,461) non-voting redeemable class A prefe-

rence shares (the “Redeemable A Preference Shares”);

5.1.9 four hundred and ninety-five (495) non-voting redeemable class B preference shares (the “Redeemable B Prefe-

rence Shares”);

5.1.10 forty-five (45) non-voting redeemable class C preference shares (the “Redeemable C Preference Shares”);
5.1.11 thirteen thousand and forty-five (13,045) non-voting class D preference shares (the “D Preference Shares”); and
5.1.12 ten thousand (10,000) non-voting class E preference shares (the “E Preference Shares”);
each with a par value of four Pence (GBP 0.04).”.
b. Creation of a new class of shares being the class F ordinary shares and determination of the rights attached to the new

class F ordinary shares as set forth in the amended and restated articles of association substantially in the form attached to
the proxies to the present meeting (the “Amended AOI”); consequential amendment and restatement of the articles of
association of the Company to inter alia (i) determine the rights attached to the new class F ordinary shares created pursuant
to the items above and (ii) provide for new provisions regulating the transfer of shares issued by the Company as well as
other related amendments, substantially as set forth in the Amended AOI; and acknowledgement, confirmation and approval

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U X E M B O U R G

for the avoidance of doubt that Eden 2 S.à r.l., being the unlimited shareholder and sole manager of the Company will be
entitled to increase the share capital of the Company from time to time by the issue of shares of any class including the
new class F ordinary shares within the limits of the authorised share capital pursuant to the conditions laid down in Article
5.2 of the articles of association of the Company.

After deliberation, the Meeting unanimously resolved as follows:

First Resolution

The Meeting resolved to increase the issued share capital of the Company to seventy-two thousand seven hundred and

thirty-six British Pounds and sixty-four pence (GBP 72,736.64) by the issue of the New A Ords, the New B Ords, the New
E1 Ords and the New E2 Ords, each with a nominal value of four Pence (GBP 0.04) for the Subscription Price.

The Meeting (including for this part of the resolution only the holders of preference shares in issue in the Company)

waived their preferential subscription rights in connection with the issue of the New A Ords, the New B Ords, the New E1
Ords and the New E2 Ords against contributions in cash and acknowledged the Manager Report in relation thereto.

The Subscribers subscribed to such newly issued shares as set forth in the table under item a. of the agenda. The

Subscription Price has been paid in full by the Subscribers through contributions in cash, evidence of which was shown to
the undersigned notary. The Meeting resolved to allocate the Subscription Price to the share capital account of the Company.

The Meeting finally resolved to amend Article 5.1 of the articles of association of the Company as set forth in the agenda

to reflect the above issues of new shares.

The Meeting noted based on the Attendance List and the Proxies that all the shareholders represented at the present

Meeting voted in favour of the present resolution so that the provisions of Articles 67-1 and 68 (to the extent applicable)
of the law of 10 August 1915 on commercial companies, as amended, and Article 27 of the articles of association of the
Company have been complied with.

Second Resolution

The Meeting resolved to create a new class of shares being the class F ordinary shares. The Meeting determined the

rights attached to the new class F ordinary shares as set forth in the Amended AOI.

The Meeting resolved to amend and restate the articles of association of the Company to inter alia (i) determine the

rights attached to the new class F ordinary shares created pursuant to the present resolutions and (ii) provide for new
provisions regulating the transfer of shares issued by the Company as well as other related amendments, substantially as
set forth below:

Chapter I. Form, Corporate name, Registered office, Object, Duration

Art. 1. Form, Corporate Name.
1.1 There exists amongst the owners of Shares, a société en commandite par actions which will be governed by the laws

of the Grand Duchy of Luxembourg and by the present Articles.

1.2 The Company exists under the corporate name of Eden 2 & Cie S.C.A.

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

resolution of the Manager.

2.3 In the event that the Manager determines that extraordinary political, economic or social developments occurred or

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

Art. 3. Corporate Object.
3.1 The object of the Company is the holding of participations, in any form whatsoever, in Luxembourg and foreign

companies, or other business entities, the acquisition by purchase, subscription, or in any other manner as well as the transfer
by sale, exchange or otherwise of stock, bonds, debentures, notes and other securities or derivative instruments of any kind,
and the ownership, administration, development and management of its portfolio. The Company may also hold interests
in partnerships and carry out its business through branches in Luxembourg or abroad.

3.2 The Company may from time to time borrow in any form, and draw, make, accept, endorse, execute and issue

promissory notes, drafts, bills of exchange, warrants, bonds, debentures and other negotiable or nonnegotiable instruments
and evidence of indebtedness. In a general fashion it may grant assistance (by way of loans, advances, guarantees or
securities or otherwise) to companies or other enterprises in which the Company has an interest or which form part of the
group of companies to which the Company belongs, take any controlling and supervisory measures and carry out any
operation which it may deem useful in the accomplishment and development of its purposes. Finally, the Company can

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U X E M B O U R G

perform all commercial, technical and financial or other operations, connected directly or indirectly in all areas in order to
facilitate the accomplishment of its purpose.

Art. 4. Duration.
4.1 The Company is formed for an unlimited duration. The Company may be dissolved at any time, by a resolution of

the Shareholders adopted in the manner required for amendment of these Articles. In such circumstances, Article 32 shall
apply.

4.2 The Company shall not be dissolved in case the Unlimited Shareholder resigns or is removed as Manager, is liqui-

dated, is declared bankrupt or is unable to continue its business.

Chapter II. Share Capital, Distribution Rights, Redemption of Shares, BC Reserve, Beneficiary Certificates

Art. 5. Share Capital, Authorised Share Capital.
5.1 The issued share capital of the Company is set at seventy-two thousand seven hundred and thirty-six British Pounds

5.1.1 one (1) unlimited share (the “Unlimited Share”);
5.1.2 three hundred and thirty-one thousand five hundred and ninety-nine (331,599) class A ordinary shares (the “A

Ordinary Shares”);

5.1.3 five hundred and fifty-two thousand three hundred and ninety-seven (552,397) class B ordinary shares (the “B

Ordinary Shares”);

5.1.4 one hundred and fifteen thousand four hundred and thirty-four (115,434) class C ordinary shares (the “C Ordinary

Shares”);

5.1.5 three hundred and thirty-nine (339) class D ordinary shares (the “D Ordinary Shares”);
5.1.6 three hundred and twenty-four thousand (324,000) class E1 ordinary shares (the “E1 Ordinary Shares”);
5.1.7 three hundred twenty-nine thousand six hundred (329,600) class E2 ordinary shares (the “E2 Ordinary Shares”);
5.1.8 zero (0) class F ordinary shares (the “F Ordinary Shares”);
5.1.9 one hundred and forty-one thousand four hundred and sixty-one (141,461) non-voting redeemable class A prefe-

rence shares (the “Redeemable A Preference Shares”);

5.1.10 four hundred and ninety-five (495) non-voting redeemable class B preference shares (the “Redeemable B Pre-

ference Shares”);

5.1.11 forty-five (45) non-voting redeemable class C preference shares (the “Redeemable C Preference Shares”);
5.1.12 thirteen thousand and forty-five (13,045) non-voting class D preference shares (the “D Preference Shares”); and
5.1.13 ten thousand (10,000) non-voting class E preference shares (the “E Preference Shares”);
each with a par value of four Pence (GBP 0.04).
5.2 The total unissued but authorised share capital of the Company is set at thirty-nine thousand four hundred and eighty-

seven British Pounds and seventy-six pence (GBP 39,487.76) which shall be represented by nine hundred and eighty-seven
thousand one hundred and ninety-four (987,194) Shares of any class without any specific ratio having to be respected or
complied with, each having a nominal value of four Pence (GBP 0.04).

The Manager is authorised, until the fifth anniversary of the publication in the Mémorial C, Recueil des Sociétés et

Associations of the deed of the extraordinary general meeting of Shareholders approving the authorised share capital (or
any renewal, extension or increase thereof), to increase the share capital from time to time by the issue of new Shares of
any class once or in several tranches within the limits of the authorised (unissued) share capital mentioned above (the “New
Shares”). The Manager may issue New Shares with or without share premium, to be paid up in cash, in kind or by settlement
of actual, liquid and immediately payable claims vis-à-vis the Company, as well as by incorporation of profits carried
forward, available reserves or share premium subject to the conditions set forth in Articles 5.2.1 to 5.2.3.

The Manager may delegate to any director, manager, officer or any other person duly authorised, the power to receive

the subscriptions and the price of the New Shares to be issued within the limits of the authorised unissued share capital.

Whenever an increase of issued capital is carried out in accordance with these Articles, the Manager shall take steps to

amend these Articles in order to record the change in the issued share capital and the corresponding reduction of the unissued
authorised share capital and the Manager is authorised to take or authorise the steps required for the execution and publi-
cation of such amendment in accordance with the Law.

The Manager is authorised to waive, suppress or limit any pre-emptive subscription rights provided for by Law and to

proceed with such issues of New Shares without granting preferential subscription rights to the existing Shareholders on
the New Shares to be issued in compliance with article 32-3 (5) of the Law. However, and nothwithstanding the above
waiver and authorisation of the Manager to waive, suppress or limit any pre-emptive subscription rights provided for by
Law, when issuing New Shares under the authorised share capital, the Manager shall comply with the provisions of Articles
5.2.1 to 5.2.3.

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U X E M B O U R G

5.2.1 Subject to Shareholder Consent, the Manager shall procure that, before allotting and issuing any New Shares under

the authorised share capital, they shall have been offered for subscription to (i) the holders of A Ordinary Shares, B Ordinary
Shares and D Ordinary Shares and (ii) the holders of any other share of any class issued pursuant to the pre-emption
requirements in this Article 5.2.1 from time to time (and therefore excluding the F Ordinary Shares issued to the LTIP
Executives and the E2 Ordinary Shares issued on or around 5 May 2015 and the C Ordinary Shares issued to Executives
and the E Ordinary Shares issued on or around 19 December 2014) (“Qualifying Shares” and the holders of Qualifying
Shares being “Qualifying Shareholders”) in accordance with Articles 5.2.1 (a) to (h) below at a market value per share
determined by an investment bank of international repute (unless a price is determined by Shareholder Consent):

(a) the New Shares shall be offered for subscription in cash and on the same terms to each such Qualifying Shareholder,

in proportion to the Qualifying Shares held by such Qualifying Shareholder as at the close of business on the last Business
Day prior to such offer, as compared with the aggregate issued Qualifying Shares so held at that date by all such Share-
holders, on the basis that each such Shareholder may take up all or part or none of the New Shares offered to it;

(b) each offer pursuant to Article 5.2.1 (a) shall be made by notice in writing (the “Notice”) specifying the number of

New Shares which the Qualifying Shareholder is offered and a time limit (being not less than twenty-one (21) days (unless
otherwise agreed by Shareholder Consent) from the date of the Notice) within which if the offer is not accepted in writing
it will be deemed to be declined. The Notice shall also give full details of the persons to whom such New Shares will be
issued in accordance with Article 5.2.1 (g) in the event that the New Shares are not subscribed for by existing Qualifying
Shareholders pursuant to the procedures set out in Articles 5.2.1(a) to (f);

(c) any Qualifying Shareholder who accepts the offer shall confirm in its acceptance either:
i. that it would accept all or part of the New Shares to which it is entitled under Article 5.2.1 (a) and, if the acceptance

is for part only of the New Shares, specify the number of New Shares that it would accept;

ii. that it would accept, on the same terms, New Shares (specifying a maximum number) that have not been accepted

by other Qualifying Shareholders (“Excess Shares”); or

iii. that it would not accept any Excess Shares;
(d) if a Shareholder who accepts the offer fails to make a confirmation in the terms of Article 5.2.1 (c)ii or (c)iii he shall

be deemed to have made a confirmation in the terms of Article 5.2.1(c)iii;

(e) Excess Shares shall be allotted to each relevant Qualifying Shareholder who has indicated that he will accept Excess

Shares in proportion to the Qualifying Shares he held as at the close of business on the last Business Day prior to the offer
made pursuant to Article 5.2.1(a), as compared with the aggregate issued Qualifying Shares so held at that date by all those
Qualifying Shareholders who have indicated that they would accept Excess Shares provided that no such Qualifying Sha-
reholder shall be allotted more Excess Shares than the maximum number of Excess Shares such Qualifying Shareholder
has indicated he is willing to accept;

(f) if, after the first allotment of Excess Shares, there remain Excess Shares that have not been allotted, and one or more

Qualifying Shareholders (the “Accepting Shareholders”) have indicated in their response to the Notice that they will accept
more Excess Shares than they have been allotted, the remaining Excess Shares shall be issued to the Accepting Shareholder
(s) in proportion to the Qualifying Shares held by such Accepting Shareholders as at the close of business on the last
Business Day prior to the offer made pursuant to Article 5.2.1(a), as compared with the aggregate issued Qualifying Shares
so held at that date by all Accepting Shareholders provided that no such Accepting Shareholder shall be issued more Excess
Shares than the maximum number of Excess Shares such Accepting Shareholder has indicated he is willing to accept.
Excess Shares shall continue to be issued on this basis until either all Excess Shares are issued or all requests for Excess
Shares have been satisfied;

(g) upon expiry of the time limit for acceptance of an offer made pursuant to Article 5.2.1(a) or, if earlier, upon receipt

by the Company of an acceptance or refusal of the offer made pursuant to Article 5.2.1(a) from all Qualifying Shareholders,
the Manager shall be entitled to issue to the persons named in the Notice as referred to in Article 5.2.1(b) any New Shares
offered to Qualifying Shareholders and which are not required to be issued in accordance with the foregoing provisions on
terms no more favourable than those offered to the Shareholders and otherwise in such manner as the Manager may think
most beneficial to the Company; and

(h) where any issuance of New Shares referred to in this Article 5.2.1 would result in a fractional issue of Shares, the

Manager may in its absolute discretion round up or down such fractional issues provided that the aggregate number of New
Shares issued by the Company is not greater than the number of New Shares whose issue has been approved by Shareholder
Consent and provided that such rounding does not result in a Qualifying Shareholder being issued more New Shares than
he has indicated he is willing to accept.

5.2.2 The provisions of Article 5.2.1 shall not apply to any issue of:
(a) New Shares to any vendor (a “Vendor”) in consideration (in whole or in part) for any acquisition of shares, assets,

businesses or undertakings on an arms-length basis by any member of the Group (provided such acquisition is approved
by Shareholder Consent and that no Shareholder nor any member of its Shareholder Group has any interest in such Vendor);

(b) New Shares to an Executive in amounts (and whose identity has been) approved by Shareholder Consent;
(c) New Shares in connection with an IPO which has received prior Shareholder Consent;

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U X E M B O U R G

(d) New Shares pursuant to the terms of options or convertible or exchangeable or similar securities which may be issued

by the Company from time to time.

5.2.3 Notwithstanding the provisions of Articles 5.2.1 and 5.2.2, New Shares may (without the need for Shareholder

Consent) be:

(a) issued against cash to any one or more of the Major Shareholders to the extent it is necessary in order to prevent an

Event of Default from arising provided that the cash amount shall not exceed the Specified Cap; or

(b) issued and allotted to any third party provider of Financial Debt in consideration for a release of a liability of the

Group for a liquidated sum to the extent it is necessary in order to prevent an Event of Default from arising and provided
that there are no separate arrangements made between any Shareholder or any member of its Shareholder Group and the
relevant third party provider of Financial Debt in relation to either the initial issue or allotment of such New Shares or any
later acquisitions of such New Shares (other than a shareholders' agreement amongst all Shareholders (including the relevant
third party provider of Financial Debt));

each a “Rescue Issue”, and such issues may be made (but only to the extent that it is necessary to remedy and avert the

potential Event of Default) without first offering such New Shares for subscription by other Qualifying Shareholders in
accordance with Article 5.2.1 provided that, with respect to New Shares issued in accordance with Article 5.2.3(a), within
14 days of such issue, the other Qualifying Shareholders are offered the opportunity to acquire from the relevant Major
Shareholder(s) for cash (with such offer remaining open for no less than six months after the subscription by that Major
Shareholder) those New Shares which would have been offered to them had Article 5.2.1 applied and on the same terms
as if Article 5.2.1 had applied. The rights attached to New Shares issued in accordance with Article 5.2.3(a) shall not entitle
the holder thereof to any preferential or priority ranking interest payment, dividend, coupon or other preferential payment
right, as appropriate, exceeding 25 per cent. per annum of the capital paid up thereon and shall rank pari passu with the
Ordinary Shares.

5.3 The share capital of the Company may be increased or reduced (through the repurchase and cancellation of Shares

of any class or otherwise) by a resolution of the Shareholders adopted in the manner required for amendment of these
Articles and subject to the conditions set forth by articles 69 and following of the Law. In the event of a reduction of share
capital through the repurchase and cancellation of Shares of any class, the amount to be distributed to Shareholders in this
respect, determined in accordance with the Law and the Articles, shall be split amongst Shareholders in the order and as
set forth in Article 32.3.

5.4 Each Share bears the same rights and obligations save as otherwise provided in the Articles, and entitles the holder

thereof to a fraction of the corporate assets and profits of the Company in accordance with Article 7 and 32. Every Share-
holder shall be entitled to receive notice of all general meetings and extraordinary general meetings of the Company and
shall have one vote in respect of every Share held subject to and in accordance with Article 27.

Art. 6. BC Reserve, Beneficiary Certificates, Authorised BCs.
6.1 In addition to the share capital, a special reserve (the “BC Reserve”) has been created and an amount of six thousand

two hundred British Pounds (GBP6,200) has been allocated to the BC Reserve and one hundred and fifty-five thousand
(155,000) beneficiary certificates (the “Beneficiary Certificates”) have been issued.

6.2 An authorised BC Reserve of an amount of forty thousand British Pounds (GBP 40,000) has been created and is

represented by one million (1,000,000) unissued Beneficiary Certificates (the “Authorised BCs”). The Manager is autho-
rised until the fifth anniversary of the publication in the Mémorial C, Recueil des Sociétés et Associations of the deed of
the extraordinary general meeting of Shareholders approving the Authorised BCs (or any renewal, extension or increase
thereof), to issue Beneficiary Certificates within the Authorised BCs against contributions in cash, contributions in kind
or by way of incorporation of available reserves and make allocations to the BC Reserve in relation therewith in the event
of an issue of New Shares to existing Shareholders or new Shareholders so as to maintain the Apax Entities' majority of
the voting rights in the Company in all circumstances.

6.3 The Beneficiary Certificates shall only entitle the BC Holders to voting rights in the circumstances set forth in article

27.5 and shall not carry any further rights.

6.4 The Company may purchase, repurchase, cancel and hold such Beneficiary Certificates in treasury.
6.5 For the avoidance of doubt, the Beneficiary Certificates shall (i) not carry any financial rights (i.e. no entitlements

to dividends, redemption or liquidation proceeds or similar proceeds), (ii) not carry any pre-emption rights or preferred
subscription rights in case of issue or transfer of Shares or Beneficiary Certificates, and (iii) be subject to the transfer
restrictions attached to the E Ordinary Shares.

Art. 7. Distributions, Dividends, Preferred Entitlements, Preferred Distribution Rights of Preference Shares.
7.1 Out of the net profits, five per cent (5%) shall be deducted and allocated to the legal reserve account of the Company.

That deduction will cease to be mandatory when the amount of the legal reserve reaches one tenth of the Company's nominal
share capital.

7.2 Subject to Article 7.7, the balance of net profits and other distributable sums determined in accordance with the Law

and the Articles (the “Distributable Amount”), is available for distribution to the Shareholders.

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U X E M B O U R G

7.3 Subject to Article 7.7, any share premium and/or BC Reserve is freely distributable upon declaration of the payment

thereof by the general meeting of Shareholders in accordance with these Articles, provided that, for so long as Redeemable
A Preference Shares are in issue, no share premium and/or BC Reserve may be distributed without the approval of a majority
of the Redeemable A Preference Shares.

7.4 Subject to Article 7.7, interim dividends and dividends may, subject to the conditions set forth by the Law and these

Articles, be declared by the general meeting of Shareholders. Notwithstanding any other provision in these Articles no
dividend or distribution may be declared or paid in respect of any Shares or other Securities and no resolution approving
the same shall be validly passed unless approved by (i) the simple majority of the Shares present or represented, (ii) so long
as the holders of A Ordinary Shares hold (including through their holding of other Securities) at least 20% of the Economic
Rights, the majority of the A Ordinary Shares and (iii) so long as the holders of B Ordinary Shares hold (including through
their holding of other Securities) at least 20% of the Economic Rights, the majority of the B Ordinary Shares.

7.5 Subject to Article 7.7, in the event of a declaration of a dividend or interim dividend, any Distributable Amount shall

be allocated amongst Shareholders as follows:

7.5.1 Each Redeemable A Preference Share and Redeemable B Preference Share shall entitle the holder thereof to receive

in preference to all other classes of Shares an annual cumulative preferential distribution right equal to the A Preference
on each Redeemable A Preference Share and to the B Preference on each Redeemable B Preference Share (which shall, in
each case, compound annually on each Payment Date, it being understood that these classes of Shares rank pari passu with
respect to such entitlement);

7.5.2 If any Distributable Amount is remaining following the distributions under Article 7.5.1 and provided that no

Redeemable A Preference Share and no Redeemable B Preference Share remain in issue, each Redeemable C Preference
Share shall entitle the holder thereof to receive in preference to the D Preference Shares, E Preference Shares, Ordinary
Shares, E Ordinary Shares, F Ordinary Shares and Unlimited Share, an annual cumulative preferential distribution right
equal to the C Preference (which shall compound annually on each Payment Date);

7.5.3 If any Distributable Amount is remaining following the distributions under Articles 7.5.1 and 7.5.2 and provided

that no Redeemable A Preference Share, no Redeemable B Preference Share and no Redeemable C Preference Share remain
in issue, each D Preference Share shall entitle the holder thereof to receive in preference to the E Preference Shares, Ordinary
Shares, E Ordinary Shares, F Ordinary Shares and Unlimited Share, an annual cumulative preferential distribution right
equal to the D Preference (which shall compound annually on each Payment Date);

7.5.4 If any Distributable Amount is remaining following the distributions under Articles 7.5.1, 7.5.2 and 7.5.3 and

provided that no Redeemable A Preference Share, no Redeemable B Preference Share, no Redeemable C Preference Share
and no D Preference Share remain in issue, each E Preference Share shall entitle the holder thereof to receive in preference
to the Ordinary Shares, E Ordinary Shares, F Ordinary Shares and Unlimited Share, an annual cumulative preferential
distribution right equal to the E Preference (which shall compound annually on each Payment Date);

7.5.5 Thereafter, the remainder of any Distributable Amount (the “Remainder”) shall be distributed pari passu among

the holders of Ordinary Shares, E Ordinary Shares, F Ordinary Shares and the Unlimited Share as follows:

(i) Each Ordinary Share shall entitle the holder thereof to receive an amount equal to the aggregate of the Ordinary

Entitlement and the F Surplus Entitlement;

(ii) Each E Ordinary Share shall entitle the holder thereof to receive an amount equal to the aggregate of the E Ordinary

Entitlement and an amount equal to 1/1000

of the F Surplus Entitlement;

(iii) Each F Ordinary Share shall entitle the holder thereof to receive an amount equal to the Ordinary Entitlement (except

that the return on each F Ordinary Share shall be capped at £504.36, and once the Company or any other Group Company
has distributed (whether when the Company is a going concern or on a winding up and whether in one or more distributions)
cash and/or non-cash assets to an aggregate value of £504.36 in respect of each F Ordinary Share that F Ordinary Share
shall carry no further rights to participate in any distribution or return of capital or assets); and

(iv) Each Unlimited Share shall entitle the holder thereof to receive an amount equal to the aggregate of the E Ordinary

Entitlement and an amount equal to 1/1000

of the F Surplus Entitlement.

7.6 Once declared, the A Preference and B Preference are only payable on a Payment Date or on such other date as may

be specified in the resolution of the general meeting of Shareholders referred to in Article 7.4 and provided that (a) the
Company would not become Insolvent after making such payment, (b) the Company has satisfied or provisioned all other
obligations having priority over the Redeemable A Preference Shares and Redeemable B Preference Shares, it being un-
derstood that the Redeemable A Preference Shares rank pari passu with the Redeemable B Preference Shares, and (c) the
Company, without prejudice to Article 7.2, has sufficient distributable sums on the relevant Payment Date resulting from
(i) the earnings of the Company, (ii) dividends or returns of capital from the Company's subsidiaries, and/or (iii) gains or
other proceeds from the sale of the Company's subsidiaries and/or other assets.

7.7 As long as any Redeemable A Preference Shares or Redeemable B Preference Shares are in issue, any and all amounts

payable pursuant to or in accordance with the Articles to the Shareholders shall only be paid as follows:

7.7.1 Any cash payment shall be made to the Nominated Account of the relevant Shareholder;
7.7.2 Any non-cash payment shall be made to the Nominated Person of the relevant Shareholder.
7.8 Any amount paid in respect of:

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U X E M B O U R G

7.8.1 the Redeemable A Preference Shares or Redeemable B Preference Shares under Article 7.5.1, shall first be applied

to respectively satisfy the outstanding A Preference Share Compounded Value and B Preference Share Compounded Value
with respect to each Preferred Period for which such compounded values have not been paid in full (starting with the
earliest), then the accrued and unpaid A Preference and B Preference of the Preferred Periods during which such shares
are being redeemed then to repay the A Preferred Entitlement and the B Preferred Entitlement;

7.8.2 the Redeemable C Preference Shares under Article 7.5.2, shall first be applied to satisfy the outstanding C Prefe-

rence Share Compounded Value with respect to the earliest Preferred Period for which such compounded values have not
been paid in full (starting with the earliest), then the accrued and unpaid C Preference of the Preferred Period during which
such shares are being redeemed then to repay the C Preferred Entitlement;

7.8.3 the D Preference Shares under Article 7.5.3, shall first be applied to satisfy the outstanding D Preference Share

Compounded Value with respect to the earliest Preferred Period for which such compounded values have not been paid in
full (starting with the earliest), then the accrued and unpaid D Preference of the Preferred Period during which such shares
are being redeemed, then to repay the D Preferred Entitlement;

7.8.4 the E Preference Shares under Article 7.5.4, shall first be applied to satisfy the outstanding E Preference Share

Compounded Value with respect to the earliest Preferred Period for which such compounded values have not been paid in
full (starting with the earliest), then the accrued and unpaid E Preference of the Preferred Period during which such shares
are being redeemed, then to repay the E Preferred Entitlement.

Art. 8. Form of Shares, Share Certificates, Beneficiary Certificates.
8.1 Form of Shares, Share Certificates
8.1.1 All Shares are issued and shall remain in registered form only.
8.1.2 All Shares shall be registered in the Register, which shall be kept by the Company or by one or more persons

designated therefore by the Company; such Register shall contain the name of each holder, its registered office, the number
of Shares held by it and the class to which they belong.

8.1.3 Share certificates shall be issued at the request of Shareholders only and shall indicate the Shares held by such

Shareholder and be signed by the Manager. Such signature may be either manual, or printed, or by facsimile.

8.1.4 Every transfer of a Share shall be entered in the Register. Subject to Article 10, transfers of Shares shall be effected

by delivering the certificate or certificates issued in relation to the Shares to the Company (if any) along with an instrument
of transfer satisfactory to the Company or by written declarations of transfer to be inscribed in the relevant Register, dated
and signed by the transferor and transferee, or by persons holding suitable powers of attorney.

8.1.5 The Company will recognise only one holder for each Share of the Company. In the event of a joint ownership or

bare ownership and usufruct or pledge or attachment, the Company may suspend the exercise of any right pertaining to the
relevant Share until one person shall have been designated to represent the joint owners or bare owners and usufructuaries
or pledgors and pledgees or attaching creditors and attached Shareholders vis-à-vis the Company.

8.1.6 If any Shareholder can prove to the satisfaction of the Company that its share certificate has been mislaid, lost,

stolen or destroyed, then, at its request, a duplicate certificate may be issued under such conditions (including as to in-
demnification) as the Company may determine subject to applicable provisions of law.

8.1.7 Mutilated share certificates may be exchanged for new ones by order of the Company. The mutilated certificates

shall be delivered to the Company and shall be cancelled immediately.

8.1.8 The Company may repurchase its Shares and hold such Shares in treasury subject to the conditions provided for

by the Law.

8.2 Form of Beneficiary Certificates
8.2.1 All Beneficiary Certificates are issued and shall remain in registered form only.
8.2.2 All Beneficiary Certificates shall be registered in the BC Register, which shall be kept by the Company or by one

or more persons designated therefore by the Company; such BC Register shall contain the name of each BC Holder, its
registered office and the number of Beneficiary Certificates held by it.

8.2.3 Every transfer of a Beneficiary Certificates shall be entered in the BC Register. Subject to Article 10, transfers of

Beneficiary Certificates shall be effected by written declarations of transfer to be inscribed in the BC Register, dated and
signed by the transferor and transferee, or by persons holding suitable powers of attorney.

8.2.4 The Company will recognise only one holder for each Beneficiary Certificate. In the event of a joint ownership

or bare ownership and usufruct or pledge or attachment, the Company may suspend the exercise of any right pertaining to
the relevant Beneficiary Certificate until one person shall have been designated to represent the joint owners or bare owners
and usufructuaries or pledgors and pledgees or attaching creditors and attached BC Holders vis-à-vis the Company.

Art. 9. Redemption of Preference Shares.
9.1 The Redeemable Preference Shares are subject to the following conditions and the conditions set forth in article

49-8 of the Law:

9.1.1 the Redeemable Preference Shares shall be fully paid-up on issue;

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U X E M B O U R G

9.1.2 any redemption of Redeemable Preference Shares shall be made in accordance with the provisions set out in Article

9.3 below;

9.1.3 the redemption may only be paid by using sums available for distributions in accordance with the Law;
9.1.4 upon redemption of Redeemable Preference Shares an amount equal to the aggregate nominal value of all the

Redeemable Preference Shares so redeemed must be allocated to a reserve which may not be distributed to the Shareholders
except in the event of a reduction in the subscribed capital; this reserve may only be used to increase the subscribed capital
by capitalisation of reserves;

9.1.5 the preceding Article 9.1.4 shall not apply to redemptions funded by proceeds from a new issue of Shares made

with a view to carry out such redemption.

9.2 The Company is authorised, for a period starting on the Implementation Date and ending on the fifth anniversary

thereof, or any further period as may be approved by the general meeting of Shareholders from time to time (which shall
not require an amendment of the Articles), subject to the conditions set forth in article 49-2 and following of the Law and
in the Articles, to purchase, acquire, receive and/or hold all or part of the D Preference Shares and E Preference Shares in
issue from time to time, subject to the terms and conditions described under Articles 9.3 to 9.6 and the authorisation granted
by the general meeting of Shareholders.

9.3 Save as otherwise approved by a resolution of the Shareholders adopted in the manner required for amendment of

these Articles, the Preference Shares must be redeemed as follows:

(i) Redeemable A Preference Shares and Redeemable B Preference Shares must be respectively redeemed together with

the corresponding portion of Redeemable A Preference Shares or Redeemable B Preference Shares;

(ii) Redeemable C Preference Shares may only be redeemed when all the Redeemable A Preference Shares and Redee-

mable B Preference Shares have been redeemed or cancelled in accordance with the Articles;

(iii) D Preference Shares may only be redeemed when all the Redeemable A Preference Shares, Redeemable B Preference

Shares and Redeemable C Preference Shares have been redeemed or cancelled in accordance with the Articles; and

(iv) E Preference Shares may only be redeemed when all the Redeemable A Preference Shares, Redeemable B Preference

Shares, Redeemable C Preference Shares and D Preference Shares have been redeemed or cancelled in accordance with
the Articles.

9.4 Subject to Articles 9.1, 9.2, 9.3 and Article 32, the redemption or repurchase of Preference Shares may only be made

with Shareholder Consent and if so decided by the Manager on behalf of the Company and there shall be no right of the
holders thereof to require the redemption or repurchase thereof. In case the Manager decides to redeem or repurchase
Preference Shares, the Company shall serve a notice (the “Redemption Notice”) at least five (5) Business Days before the
date on which the purchase price of the Preference Shares is payable (the “Redemption Date”) informing the relevant
holders of Preference Shares of the Company's intention to proceed to such redemption or repurchase to be sent by registered
mail to such holder at his last address known to or appearing in the books of the Company. The Redemption Notice shall
specify:

9.4.1 the number of Preference Shares held by the relevant holder to be redeemed or repurchased,
9.4.2 the redemption or purchase price to be paid for such Preference Shares determined in accordance with Article 9.5;

and

9.4.3 the Redemption Date.
Immediately after the close of business on the Redemption Date such holder shall cease to be the owner of the Preference

Shares specified in such notice and his name shall be removed as the holder of such Preference Shares from the Register.
Any such holder will cease to have any right as a Shareholder with respect to the Preference Shares to be redeemed or
repurchased as from the Redemption Date.

9.5 The price to be paid for the Preference Shares to be redeemed shall be determined as follows:
9.5.1 For each Redeemable A Preference Share, the amount to be paid to each holder thereof shall be equal to the A

Redemption Price;

9.5.2 For each Redeemable B Preference Share, the amount to be paid to each holder thereof shall be equal to the B

Redemption Price;

9.5.3 For each Redeemable C Preference Share, the amount to be paid to each holder thereof shall be equal to the C

Redemption Price;

9.5.4 For each D Preference Share, the amount to be paid to each holder thereof shall be equal to the D Redemption

Price; and

9.5.5 For each E Preference Share, the amount to be paid to each holder thereof shall be equal to the E Redemption

Price.

9.6 Upon redemption of Preference Shares pursuant to Article 9, the Manager shall cancel the Preference Shares so

redeemed, record such cancellation and the consequential reduction of share capital and acknowledge the consequential
amendment to these Articles by notarial deed.

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U X E M B O U R G

Art. 10. Transfers of Shares and Beneficiary Certificates.
10.1 The provisions of this Article 10 apply in relation to any Transfer, or proposed Transfer, of Securities and/or the

Unlimited Share or any right or interest in those Securities and/or the Unlimited Share.

10.2 Subject to Article 10.3 except with Shareholder Consent:
10.2.1 no holder of Securities (other than a holder of E Preference Shares in respect of those E Preference Shares only)

shall be entitled to Transfer any of its Securities unless it also transfers the same proportion of its holding of all other
Securities to the transferee at the same time;

10.2.2 no holder of E Preference Shares shall be entitled to transfer any E Preference Shares; and
10.2.3 no holder of the Unlimited Share shall be entitled to transfer it except in connection with an Exit Event.
10.3 Notwithstanding Article 10.2:
10.3.1 a transfer of Executive Securities held by Duncan Painter pursuant to clause 10.31, shall not require him to also

transfer the same proportion of his holding of Redeemable B Preference Shares or D Ordinary Shares;

10.3.2 a transfer of C Ordinary Shares or Redeemable C Preference Shares or E2 Ordinary Shares shall not require the

holder of such shares to transfer the same proportion of his D Preference Shares; and

10.3.3 a transfer of D Preference Shares shall not require the holder of such shares to transfer the same proportion of

his C Ordinary Shares and Redeemable C Preference Shares or his E2 Ordinary Shares.

10.4 For the purposes of this Article 10, any Securities held by a Shareholder's Shareholder Group shall be treated as

held by such Shareholder and accordingly a Transfer of any Securities by such Shareholder or its Shareholder Group is not
permitted unless a proportionate Transfer is made of other Securities in accordance with Article 10.2 to the transferee at
the same time, such proportion to be calculated by reference to the total holding of such Securities by the Shareholder and
its Shareholder Group.

Permitted Transfers
10.5 Notwithstanding any other provisions of the Articles or any Agreement, no party (other than the Apax Entities,

GMG, and any member of their respective Shareholder Groups) may Transfer directly or indirectly any, or any interest in
any, Securities and the Manager shall decline to register or perfect any transfer of, or any interest in, any Securities unless
such transfer is a Permitted Transfer. Shares of any classes held by the Apax Entities, GMG, and any member of their
respective Shareholder Groups are freely transferable subject to Articles 10.2, 10.4 and 10.8 to 10.30 (inclusive).

10.6 The following Transfers may be made free of the restrictions in Article 10.5 (but subject always to the other

provisions of this Article 10 including, without limitation, Articles 10.2 and 10.4) (each a Permitted Transfer):

10.6.1 a Transfer by an Executive (but not a Relation of an Executive or trustees of a Family Trust of an Executive) to

a Relation or to the trustees of a Family Trust established by that Executive provided that in the case of an LTIP Executive
Shareholder Consent shall first be required;

10.6.2 a Transfer by the trustees of a Family Trust established by an Executive (in the case of an LTIP Executive with

Shareholder Consent) of Securities held by them in that capacity to any new trustees of that Family Trust, to a person who
is a Relation of an Executive (in the case of an LTIP Executive with Shareholder Consent) and who has an immediate
beneficial interest under that Family Trust or to the Executive as settlor;

10.6.3 a Transfer made pursuant to the tag along rights in Article 10.22;
10.6.4 a Transfer made pursuant to the issue of a Drag-Along Notice in accordance with Article 10.13;
10.6.5 a compulsory Transfer made in accordance with Article 10.31;
10.6.6 any Transfer required by Articles 10.7, 10.8 or 10.9;
10.6.7 any Transfer made pursuant to Article 10.12; or
10.6.8 any other Transfer made with Shareholder Consent.
10.7 If any Family Trust whose trustees hold Securities ceases to be a Family Trust, the trustees shall without delay

notify the Company that such an event has occurred and, unless the Manager so resolves, they shall transfer such Securities
back to the Executive that established that Family Trust.

10.8 If any nominee of a transferor who holds Securities (other than the Nominee) ceases to be a nominee for the

transferor, the nominee shall without delay notify the Company that such an event has occurred and, unless the Manager
so resolves, the nominee shall transfer such Securities back to the transferor. If, for whatever reason, the Nominee ceases
to hold Shares for an LTIP Executive (other than by reason of a Transfer in accordance with the Articles and any applicable
nominee arrangements), the LTIP Executive shall Transfer any Shares previously held by the Nominee on behalf of the
relevant LTIP Executive prior to such cessation to such person as the Manager (acting with Shareholder Consent) may
direct for nil consideration (or, if consideration is legally required to effect the Transfer, the minimum aggregate conside-
ration required).

10.9 Each of the Shareholders undertakes to ensure that each member of its Shareholder Group that holds Securities

shall transfer such Securities to a continuing member of the Shareholder Group of its Principal Group Member before it
ceases at any time to be a member of that Shareholder Group and if any Shareholder breaches this article 10.9 it shall
(without limiting any liability it may therefore have) make such transfer at the earliest possible time following such breach.

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U X E M B O U R G

10.10 The Shareholders shall not make any Transfer other than of the entire legal and beneficial interest in any Shares

in accordance with these Articles or any Agreement (provided that this sentence shall not prevent the making of a Permitted
Transfer or a transfer by an LTIP Executive to the Nominee). In particular, no Shareholder shall make or purport to make
any indirect, beneficial or derivative transfer of any, or any interest in, a Security. Without limiting the foregoing, the
Shareholders shall not transfer any interest in any nominee or holding entity for any Securities which would have the same
or substantially the same effect as transferring a Security.

GMG Sale Right
10.11 If any of the Apax Entities or any member of their Shareholder Group proposes to sell any of the Securities held

by it to a third party (other than a member of its Shareholder Group) on bona fide arms' length terms, it shall ensure that
GMG is (i) given the opportunity to enter into discussions regarding the proposed sale with the Apax Entities at the same
time as the Apax Entities enter into such discussions with any third party, (ii) allowed to participate in the sale process on
the same terms, as nearly as practicable, as those afforded to third parties, and (iii) given the opportunity to submit an offer
for such Securities (if any) in accordance with the terms of the sale process applicable to such third parties and on a basis
no less favourable than that afforded to any such third party. The Apax Entities shall ensure that such offer is considered
in good faith by them or the relevant member of their Shareholder Group, taking into account GMG's knowledge of the
business of the Company and the Group (the GMG Sale Right).

Put Option
10.12 Each LTIP Executive shall have the right, as set out in the Articles, to require any holder of B Ordinary Shares

to acquire all (but not some only) of the Redeemable C Preference Shares held by the LTIP Executive (or held by the
Nominee on trust for such LTIP Executive) for a consideration of £500 per Redeemable C Preference Share and all (but
not some only) of the F Ordinary Shares held by the relevant holder for an aggregate consideration of £0.01 for such F
Ordinary Shares (the Put Option). The Put Option may only be exercised by an LTIP Executive by notice to the relevant
holder of B Ordinary Shares at any time prior to the date that is 100 days after the date on which the LTIP Executive is
first issued Redeemable C Preference Shares (after which date the Put Option shall lapse, and any such notice, once issued,
shall be irrevocable).

Drag-along rights
10.13 Subject to the GMG Sale Right, if the Apax Entities and all members of their Shareholder Group that hold Securities

(the Apax Sellers) propose to Transfer all of the Ordinary Shares (the Apax Shares), the Unlimited Share and all other
Securities (such Securities and the Unlimited Share, together with the Apax Shares, the Apax Securities) held by the Apax
Sellers to any third party (other than to a member of Apax's Shareholder Group) (the Drag Purchaser) pursuant to a bona
fide sale on arms' length terms (it being acknowledged that the absence of an auction shall not of itself render any sale
otherwise than on arms' length terms) (a Drag Sale), the Apax Sellers shall have the right to require all other holders of
Securities (the Remaining Shareholders) to transfer all of the Shares held by them (the Drag-Along Shares) and all other
Securities and all rights of subscription for or conversion into Securities held by them (together with the Drag-Along Shares,
the Drag-Along Securities) to the Drag Purchaser conditional upon such sale of the Apax Securities being completed, by
giving written notice (a Drag-Along Notice) to that effect to the Remaining Shareholders, setting out details of the price
to be paid per Apax Share and for each of the other relevant Apax Securities, the price to be paid for each Drag-Along
Security and the other material terms and conditions.

10.14 Any Drag Sale shall only be made in accordance with the overriding principles set out herein or in any Agreement

(if any) such that the value attributable to the Apax Securities pursuant to the terms and conditions of the Drag Sale (the
Total Apax Value) is allocated to such Securities and the Unlimited Share as if such Transfer were a Distribution and
accordingly 10.14.1 all of the Total Apax Value shall be attributed to the Preferred Securities being sold by the Apax Sellers
until the value so allocated to the Preferred Securities equals the PS Value of such Preferred Securities 10.14.2 only
thereafter shall any of the Total Apax Value be attributed to the Other Preference Shares being sold by the Apax Sellers
(provided that where no value is attributable to such Other Preference Shares, they may be sold for an aggregate conside-
ration not exceeding £1);

10.14.3 only thereafter shall any of the Total Apax Value be attributed to the Ordinary Shares being sold by the Apax

Sellers (provided that where no value is attributable to such shares, they may be sold for an aggregate consideration not
exceeding £1); and

10.14.4 no value shall be attributed to the Beneficiary Certificates.
10.15 In relation to any transfer to be made by a Remaining Shareholder pursuant to Article 10.13 above:
10.15.1 the Remaining Shareholders shall not be required to provide any representation, warranty or indemnity other

than a warranty and representation as to their title and authority to sell the Drag-Along Securities held by them;

10.15.2 the price payable by the Drag Purchaser for each Drag-Along Share shall not be less than the price paid by the

Drag Purchaser for the corresponding Apax Securities and provided that:

(i) the price payable in respect of the Preferred Securities shall be calculated in accordance with any Agreement and,

accordingly, for all of the Preferred Securities constituting Drag-Along Securities, (the Dragged Preferred) the aggregate
price payable shall be the aggregate price payable for the Preferred Securities to be sold by the Apax Sellers (the Apax
Preferred) multiplied by the fraction representing the PS Value of the Dragged Preferred divided by the PS Value of the
Apax Preferred;

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U X E M B O U R G

(ii) the price payable for a Redeemable C Preference Share shall be:
(a) if the value allocated to the Preferred Securities is equal to or higher than the PS Value of such Preferred Securities:

the C Redemption Price per Redeemable C Preference Share or, if the remaining consideration available in respect of such
Transfer is, after allocation of the consideration to the Preferred Securities in accordance with Article 10.15.2(i) , insufficient
to allocate the C Redemption Price per Redeemable C Preference Share, an amount equal to such remaining consideration
divided by the number of Redeemable C Preference Shares comprised in the Drag-Along Securities); and

(b) if the value allocated to the Preferred Securities is lower than the PS Value of such Preferred Securities: nil;
(iii) the price payable for a D Preference Share shall be an amount equal to the D Redemption Price or, if the remaining

consideration available in respect of such Transfer is, after allocation of the consideration to the Preferred Securities in
accordance with clause 10.15.2(i) and the Redeemable C Preference Shares in accordance with clause 10.15.2(ii) , insuf-
ficient to allocate such an amount per D Preference Share, an amount equal to such remaining consideration divided by the
number of D Preference Shares comprised in the Drag-Along Securities;

(iv) the price payable for a E Preference Share shall be the E Redemption Price (or, if the remaining consideration

available in respect of such Transfer is, after allocation of the consideration to the Preferred Securities in accordance with
Article 10.15.2(i) , the Redeemable C Preference Shares in accordance with Article 10.15.2(ii) and the D Preference Shares
in accordance with Article 10.15.2(iii) , insufficient to allocate the E Redemption Price per E Preference Share, an amount
equal to such remaining consideration divided by the number of E Preference Shares comprised in the Drag-Along Secu-
rities));

(v) the price payable in respect of a Drag-Along Share that is an Ordinary Share shall equal the aggregate price payable

for the Apax Shares (other than the E Ordinary Shares) divided by the number of Apax Shares (other than the E Ordinary
Share) to be transferred;

(vi) the price payable in respect of each Drag-Along Share that is an E Ordinary Share shall be 0.1 per cent. of the price

payable for each other Ordinary Share;

(vii) the price payable in respect of each Drag-Along Share that is an F Ordinary Share shall be an amount equal to (x)

the lower of (A) £504.36 and (B) the price payable for each Ordinary Share less (y) the aggregate amount of all Distributions
(including the Manager's good faith estimate of the value of any non-cash assets) in respect of that F Ordinary Share from
the date of issue to (and including) the date of the proposed Drag Sale, including Distributions to be made as part of the
Drag Sale (and, for the avoidance of doubt, if the price payable pursuant to the calculation set out above is a negative
number, the price shall be deemed to be zero); and

(viii) the price payable in respect of the Unlimited Share shall be 0.1 per cent. of the price payable for a Ordinary Share;
10.15.3 in all other respects the sale of Drag-Along Shares by the Remaining Shareholders shall be on the same terms

and subject to the same conditions as the sale of the corresponding Apax Securities by the Apax Sellers (for this purpose
treating all Preferred Securities as if they were the same Security).

10.16 A Drag-Along Notice shall be accompanied by copies of all documents required to be executed by Shareholders

to give effect to the transfer of the Drag-Along Securities to the Transferee.

10.17 Each Shareholder shall send (and shall procure that other members of its Shareholder Group send) to the Apax

Sellers all documents required to be executed in connection with the proposed sale within 14 days after delivery of the
Drag-Along Notice.

10.18 Completion of the sale of the Apax Securities shall not take place unless completion of the sale of the Drag-Along

Securities takes place at the same time. Completion of the sale and purchase of Drag-Along Securities pursuant to a Drag-
Along Notice shall be subject only to such conditions as are applicable to the sale of the Apax Shares and are set out in the
Drag-Along Notice and shall otherwise take place as soon as reasonably possible following the receipt of a Drag-Along
Notice.

Tag-along rights
10.19 If a Shareholder (whether alone or together with members of its Shareholder Group) (the Tag Seller) proposes to

Transfer any interest in Shares (Tag Shares) other than to a member of its Shareholder Group or to any other Shareholder
(the Tag Transfer), and such Shares represent, or would represent if aggregated with any interest in Shares transferred by
such Shareholder or its Shareholder Group (other than to another member of its Shareholder Group or to any other Share-
holder) within the last 12 month period immediately preceding the date of the proposed Tag Transfer (provided such transfer
did not previously give rise to an offer under this Article 10.19) (any such transfer being a Prior Sale, any such interest in
Shares being the Prior Sale Shares and such Prior Sale Shares together with the Tag Shares being the Total Tag Shares) at
least five per cent by nominal value of the Shares then held (or if there has been a Prior Sale, held immediately prior to the
Prior Sale) (directly or indirectly) by such Shareholder and Shareholder Group, the transfer shall not be made unless the
proposed transferee (the Tag Purchaser) has unconditionally offered to purchase such number of the issued Shares (directly
or indirectly) held by the other Shareholders (other than Shares held (directly or indirectly) by any holder who is connected
with or acting in concert with the Tag Purchaser or who is a member of the same Shareholder Group as the Tag Purchaser)
as represents the same proportion of each other Shareholder's Shares as the Tag Shares or the Total Tag Shares (as the case
may be) represent of the Tag Seller's Shareholder Group's total (direct and indirect) holding of Shares then held or held
immediately prior to the Prior Sale, on the same terms and conditions as those of the Tag Transfer. No offer shall be required

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U X E M B O U R G

pursuant to this Article 10.19 if a Drag-Along Notice has been served under Article 10.13. For the avoidance of doubt, this
Article 10.19 shall not apply in relation to any transfer in accordance with Article 10.6. The offer shall:

10.19.1 be irrevocable and unconditional (except for any conditions which apply on like terms to the proposed transfer

of the Tag Shares and any other Securities proposed to be sold);

10.19.2 fully describe details of the sale price of the Tag Shares, the number of Tag Shares to be transferred and other

material terms and conditions, including the identity of the proposed purchaser of the Tag Shares, together with the details
of any other Securities to be sold to the Tag Purchaser, including the sale price of each such Security or Preferred Instrument,
as the case may be, that are proposed to be transferred;

10.19.3 be governed by the laws of England or the laws of such other jurisdiction as may govern any agreement between

the seller and the purchaser; and

10.19.4 be open for acceptance by the other Shareholder(s) during a period of not less than 30 days after receipt of the

offer.

10.20 No offer shall be required to be made under Article 10.19 to any holder of C Ordinary Shares or E2 Ordinary

Shares or F Ordinary Shares or Other Preference Shares (in respect of those Securities) (except the Apax Entities, GMG
or members of their respective Shareholder Groups in respect of their holdings of D Preference Shares; and (ii) Duncan
Painter in respect of his DP Strip D Preference Shares), and no holder of C Ordinary Shares or E2 Ordinary Shares or F
Ordinary Shares or Other Preference Shares (except (x) the Apax Entities, GMG or members of their respective Shareholder
Groups in respect of their holdings of D Preference Shares; and (y) Duncan Painter in respect of his DP Strip D Preference
Shares) shall be permitted to Transfer any of such C Ordinary Shares or E2 Ordinary Shares or F Ordinary Shares or Other
Preference Shares pursuant to Article 10.19:

10.20.1 unless the Apax Entities and GMG and their respective Shareholder Groups will, as a result of the relevant Tag

Transfers, cease alone or together to own more than 50 per cent. of the Economic Rights;

10.20.2 if a Drag-Along Notice has been served under Article 10.13; or
10.20.3 if the requirement to make such an offer has been disapplied by the holders of a majority in number of the C

Ordinary Shares.

10.21 Subject to Article 10.20, where a Tag Seller (alone or together with any member of its Shareholder Group) proposes

or is required (pursuant to Article 10.2) to transfer Preferred Securities and/or Other Preference Shares in connection with
a Transfer of Shares to a Tag Purchaser, the offer made pursuant to Article 10.19 shall include an offer to acquire from
each other person who holds Preferred Securities and/or Other Preference Shares such proportion of its Preferred Securities
and/or Other Preference Shares as equals the proportion that the Preferred Securities and/or Other Preference Shares pro-
posed to be sold by the Tag Seller's Shareholder Group represents of the total holding of Preferred Securities and/or Other
Preference Shares held by such Tag Seller and members of its Shareholder Group and such sale shall otherwise proceed
in accordance with Articles 10.19 to 10.27.

10.22 If an offer is required to be made for B Ordinary Shares pursuant to Article 10.19 or for C Ordinary Shares pursuant

to Article 10.20, then it shall be a term of such offer (in accordance with Article 10.2) that any holder of B Ordinary Shares,
or (as the case may be) any holder of C Ordinary Shares, who elects to sell B Ordinary Shares or C Ordinary Shares (as
the case may be) shall also sell to the Tag Purchaser the same proportion of his E Ordinary Shares and such sale shall
otherwise proceed in accordance with Articles 10.19 to 10.27.

10.23 An offer may be accepted by a Shareholder confirming its acceptance in writing to the Tag Purchaser within the

time limit set out in the offer. If a Shareholder does not confirm its acceptance within such time period, it will be deemed
to have declined the offer.

10.24 Completion of the sale of the Tag Shares and the other Securities and, to the extent applicable, the Unlimited

Share, to be sold by the Tag Seller shall not take place unless completion of the sale and purchase of Shares pursuant to
Articles 10.19 to 10.22 takes place at the same time. Completion of the sale of Shares pursuant to Articles 10.19 to 10.22
shall otherwise take place as soon as reasonably possible following the making of the offer by the Tag Purchaser referred
to in Articles 10.19 to 10.22.

10.25 Any Tag Transfer shall only be made in accordance with the overriding principles set out herein or any Agreement

(if any) such that the value attributable to all the Securities and, to the extent applicable, the Unlimited Share, of the Tag
Seller to be sold pursuant to the Tag Transfer (the Total Tag Value) is allocated to such Securities and, the extend applicable,
the Unlimited Share, as if such transfer were a Distribution and accordingly:

10.25.1 all of the Total Tag Value shall be attributed to the Preferred Securities being sold by the Tag Seller until the

value so allocated to each of the Preferred Securities equals the PS Value of such Preferred Securities;

10.25.2 only thereafter shall any of the Total Tag Value be attributed to the Redeemable C Preference Shares being sold

by the Tag Seller until the value so allocated to each Redeemable C Preference Share equals the C Redemption Price;

10.25.3 only thereafter shall any of the Total Tag Value be attributed to the D Preference Shares being sold by the Tag

Seller until the value so allocated to each D Preference Share equals the D Redemption Price;

10.25.4 only thereafter shall any of the Total Tag Value be attributed to the E Preference Shares being sold by the Tag

Seller until the value so allocated to each E Preference Share equals the E Redemption Price;

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10.25.5 only thereafter shall any of the Total Tag Value be attributed to the Ordinary Shares and, to the extent applicable,

the Unlimited Share, being sold by the Tag Seller, provided that where no value is attributable to the Ordinary Shares being
sold, they may be sold for an aggregate consideration not exceeding GBP1; and

10.25.6 no value shall be attributed to the Beneficiary Certificates.
10.26 In relation to any offer and transfer to be made by a Shareholder pursuant to Articles 10.19 to 10.22:
10.26.1 the price payable by the Tag Purchaser for each Security or Preferred Instrument shall be:
(i) in respect of the Preferred Securities, calculated in accordance with the overriding principles set out herein or any

Agreement (if any) and, accordingly, for the Preferred Securities to be sold by a holder or holders other than the Tag Seller
(the Tagged Preferred) the aggregate price payable shall be the aggregate price payable for all of the Preferred Securities
sold or to be sold by the Tag Seller in connection with the Tag Transfer or Prior Sale (the Seller Preferred) multiplied by
the fraction representing the PS Value of the Tagged Preferred divided by the PS Value of the Seller Preferred;

(ii) in respect of a Redeemable C Preference Share:
(A) if the value allocated to the Preferred Securities is equal to the PS Value of such Preferred Securities: the C Re-

demption Price per Redeemable C Preference Share (or, if the remaining consideration available in respect of such Tag
Transfer is, after allocation of the consideration to the Preferred Securities in accordance with Article 10.26.1(i), insufficient
to allocate the C Redemption Price per Redeemable C Preference Share, an amount equal to such remaining consideration
divided by the number of Redeemable C Preference Shares); or

(B) if the value allocated to the Preferred Securities is lower than the PS Value of such Preferred Securities: nil;
(iii) in respect of a D Preference Share, an amount equal to the D Redemption Price (as defined in the Articles) calculated

as at the date of the Tag Transfer which has not then been paid or, if the remaining consideration available in respect of
such Tag Transfer is, after allocation of the consideration to the Preferred Securities in accordance with Article 10.26.1(i)
and the Redeemable C Preference Shares in accordance with Article 10.26.1(ii), insufficient to allocate such an amount
per D Preference Share, an amount equal to such remaining consideration divided by the number of D Preference Shares;

(iv) in respect of an E Preference Share, the lower of (x) the price payable for a Tag Share (other than an E Ordinary

Share), and (y) the E Redemption Price;

(v) in respect of an Ordinary Share, the aggregate price payable or paid for the Total Tag Shares (other than any E

Ordinary Shares and any F Ordinary Shares) divided by the number of Total Tag Shares (other than any E Ordinary Shares
and any F Ordinary Shares) transferred or to be transferred by the Tag Seller pursuant to the Tag Transfer and any Prior
Sale;

(vi) in respect of an E Ordinary Share, the aggregate price payable or paid for the E Ordinary Shares comprised in the

Total Tag Shares divided by the total number of E Ordinary Shares transferred or to be transferred by the Tag Seller pursuant
to the Tag Transfer and any Prior Sale;

(vii) in respect of an F Ordinary Share, the price payable for each F Ordinary Share shall be an amount equal to (x) the

lower of (A) £504.36 and (B) the price payable for each Ordinary Share less (y) the aggregate amount of all Distributions
(including the Manager's good faith estimate of the value of any non-cash assets) paid or payable in respect of that F
Ordinary Share from the date of issue to (and including) the date of the proposed sale under these Tag-along provisions,
including Distributions to be made as part of the proposed sale under these Tag-along provisions (and, for the avoidance
of doubt, if the price payable pursuant to the calculation set out above is a negative number, the price shall be deemed to
be zero);

(viii) in respect of the Unlimited Share, 0.1 per cent. of the price payable for an Ordinary Share; and
(ix) in respect of a Beneficiary Certificate zero; and
10.26.2 in all other respects the sale of Securities by the holders other than the Tag Seller shall be on the same terms

and subject to the same conditions as the sale of the corresponding Securities by the Tag Seller (for this purpose treating
all Preferred Securities as if they were the same Security).

10.27 Accordingly, whenever an offer is made in accordance with Articles 10.19 to 10.22 for Securities, the offer shall

specify the price to be paid for each Tag Share and the price to be paid for each other Security and shall not be made on
the basis of an aggregate price only. The offer shall be supported by an explanation of the methodology used in calculating
each price. If a party is unwilling to accept the apportionment of the overall consideration between the Shares and the
Preferred Instruments and fails to agree the apportionment with the Tag Seller and the Tag Purchaser within five Business
Days of the offer being made pursuant to Articles 10.19 and (if applicable 10.20 to 10.22), then that party may refer the
question of the price for each Ordinary Share and each other Security to an investment bank of international repute nomi-
nated by the Remuneration Committee (the Valuer) to certify a fair apportionment as at the date of the offer (on the basis
of overriding principles that may exist between the Shareholders pursuant to any Agreement as the case may be and in
compliance with any Agreement). The Valuer shall act as an expert and not an arbitrator and its decision shall be final and
binding on the parties. The costs of such referral shall be borne by the Tag Seller and the relevant party or parties equally.
Any such certification shall be binding upon the Tag Seller and such parties. If a referral is made to a Valuer pursuant to
this Article 10.28, the relevant Tag Transfer shall not proceed until the Valuer has provided its certification in accordance
with this Article 10.28.

Compulsory Transfer

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10.28 The Manager (acting with Shareholder Consent) shall be entitled at any time within the nine months immediately

following a Cessation Date to serve a written notice (the Compulsory Transfer Notice) on all or any members of a Departing
Employee's Group who directly or indirectly hold C Ordinary Shares, F Ordinary Shares, Redeemable C Preference Shares,
D Preference Shares and/or E2 Ordinary Shares (Existing Executive Securities) or any other securities issued by any member
of the Group and designated to be subject to the provisions set out in Articles 10.28 to 10.36 prior to the issue of such
securities (New Executive Securities and, together with the Existing Executive Securities, the Executive Securities). The
Compulsory Transfer Notice may require the relevant member(s), on a stated date, to transfer any Executive Securities
held by them to:

10.28.1 in the case of C Ordinary Shares, Redeemable C Preference Shares (excluding Redeemable C Preference Shares

issued to LTIP Executives) and/or E2 Ordinary Shares, such member(s) of the Transferee Class as the Manager may specify
in compliance with any Agreement; and

10.28.2 in the case of the F Ordinary Shares, Redeemable C Preference Shares issued to LTIP Executives, D Preference

Shares and/or New Executive Securities, to such member(s) of the Transferee Class (if any) as the Remuneration Committee
may specify (such persons having indicated that they wish to acquire such securities and be bound by the terms of this
Deed) with the balance (if any) being transferred to GMG and the Apax Entities pro rata to their (and other members of
their respective Shareholder Group's) holdings of Shares (calculated in accordance with their Economic Rights) at the date
of such Compulsory Transfer Notice (or, in the case of F Ordinary Shares and Redeemable C Preference Shares issued to
LTIP Executives, to a person (including a Group Company) determined by the Manager (acting with Shareholder Consent)),

in each case at such price(s) (subject to the price(s) being not less than that provided for in Article 10.29 and in any

Agreement) as are specified in the Compulsory Transfer Notice provided that (1) where the Departing Employee is an
OpCo Employee and becomes a Departing Employee for a Very Good Reason, a Compulsory Transfer Notice may only
be served in respect of 70 per cent. of each class of Executive Securities held by the members of the Departing Employee's
Group (rounded up to the nearest whole number); (2) where the Departing Employee is a TRG Employee and becomes a
Departing Employee for a Very Good Reason, a Compulsory Transfer Notice may only be served in respect of the Relevant
Percentage of each class of Executive Securities held by the members of the Departing Employee's Group (rounded up to
the nearest whole number); and (3) where the Departing Employee is an LTIP Executive who becomes a Departing Em-
ployee where the Departure Reason is a Good Reason and the Departing Employee is not Competing with the Group, a
Compulsory Transfer Notice may only be served in respect of the Forfeited Portion of each class of Executive Securities
held by the members of the Departing Employee's Group (rounded down to the nearest whole number). On receipt of such
Compulsory Transfer Notice, the Departing Employee's Group shall be obliged to transfer or procure the transfer of Exe-
cutive Securities held, directly or indirectly, by members of the Departing Employee's Group in accordance with the terms
of the Compulsory Transfer Notice.

10.29 The price at which Executive Securities may be required to be transferred pursuant to Article 10.28 shall be

determined by the Manager (acting with Shareholder Consent) and shall be no lower than:

10.29.1 if the Departure Reason is a Good Reason or a Very Good Reason and the Departing Employee is not Competing

with the Group: Market Value except in respect of a Departing Employee who is an LTIP Executive where the price for
the Executive Securities the subject of a Compulsory Transfer Notice shall be the lower of (A) Cost and (B) Market Value;

10.29.2 if the Departure Reason is a Good Reason or a Very Good Reason but the Departing Employee is Competing

with the Group: the lower of (A) Cost and (B) Market Value;

10.29.3 if the Departure Reason is an Intermediate Reason and the Departing Employee is not Competing with the

Group, in respect of the Vested Portion of such shares: Market Value and, in respect of the Unvested Portion of such shares:
the lower of (A) Cost and (B) Market Value;

10.29.4 if the Departure Reason is an Intermediate Reason and the Departing Employee is Competing with Group: the

lower of (A) Cost and (B) Market Value in respect of both the Vested Portion and the Unvested Portion of such shares; or

10.29.5 if the Departure Reason is a Bad Reason: (1) (unless (2) below applies in respect of a Departing Employee who

is not an LTIP Executive) the lower of: (A) Cost and (B) Market Value or (2) if the person (not being an LTIP Executive)
becomes a Departing Employee before16 December 2015, other than by reason of having resigned or been dismissed for
Cause, Cost.

10.30 In Articles 10.28 to 10.36:
Bad Reason shall mean (i) in respect of a Departing Employee who is not an LTIP Executive, any reason which is not

a Good Reason or a Very Good Reason or an Intermediate Reason and (ii) in respect of a Departing Employee who is an
LTIP Executive, any reason which is not a Good Reason in respect of that LTIP Executive;

Cause shall mean any reason justifying summary dismissal without compensation (other than statutory compensation);
Cost shall mean the amount actually paid (by way of purchase or subscription price) for the Securities in question by

the first member (in point of time) of the Departing Employee's Group who acquired such securities, or if earlier, the amount
paid by the Departing Employee or his Family Trust, provided that in the case of the C Ordinary Shares and Redeemable
C Preference Shares issued on or around the date of this Deed and the F Ordinary Shares and Redeemable C Preference
Shares issued to LTIP Executives, Cost shall be nil (irrespective of the actual amount paid);

Departure Reason shall mean the reason for the Departing Employee becoming a Departing Employee;

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Forfeited Portion shall mean (36 - X)/36 where X is the number of completed calendar months starting on 1 January

2015 until the Cessation Date of an LTIP Executive who becomes a Departing Employee for a Departure Reason that is a
Good Reason;

Good Reason shall mean (i) in respect of a Departing Employee who is not an LTIP Executive, a person becomes a

Departing Employee by reason of being made redundant (except in circumstances where the Departing Employee becomes
a Departing Employee for a Very Good Reason) or in circumstances where the employer terminates the employment in
breach of contract, or the employee being unable to continue his or her duties by reason of permanent or long term incapacity
or death or who retires upon reaching normal retirement age and (ii) in respect of a Departing Employee who is an LTIP
Executive, a person becomes a Departing Employee by reason of being made redundant or by reason of ceasing to be an
employee of a member of the Group by reason of the sale by a member of the Group of a subsidiary or business or undertaking
in which the LTIP Executive is employed or predominantly employed or the employee being unable to continue his or her
duties by reason of permanent or long term incapacity or death;

Intermediate Reason shall mean, in respect of a Departing Employee who is not an LTIP Executive, a person becoming

a Departing Employee by reason of being dismissed by his employer (other than for Cause) in accordance with the terms
of his employment contract;

Leaver Loan Notes shall mean unsecured non-cash pay loan notes issued by the Company (or some other instrument or

security having equivalent economic rights) with a yield of five per cent. per annum, accruing daily, compounding and
capitalised annually;

OpCo Employees shall mean those persons employed by one of the Group's operating subsidiaries or otherwise per-

forming predominantly all of their duties in relation to one or more of the Group's operating subsidiaries and any TRG
Employee who becomes an OpCo Employee with Shareholder Consent, but excluding LTIP Executives;

OpCo LTIP Executive shall have the meaning ascribed to it in Article 10.36;
Relevant Percentage shall mean (i) 60 per cent. where the Cessation Date is on or before 1 July 2015; (ii) 45 per cent.

where the Cessation Date is after 1 July 2015 and on or before 1 July 2016; and (iii) 30 per cent. where the Cessation Date
is after 1 July 2016;

TRG Employees shall mean those persons employed by Top Right Group Limited or otherwise employed at the Group's

head offices or performing substantially all of their duties in relation to head office functions and any OpCo Employee
with Shareholder Consent, but excluding LTIP Executives;

Unvested Portion shall mean those shares which are not included in the Vested Portion;
Very Good Reason shall mean (i) in the case of TRG Employees, a person becomes a Departing Employee by reason

of being made redundant; and (ii) in the case of OpCo Employees a person becomes a Departing Employee by reason of
ceasing to be an employee of a member of the Group by reason of the sale by a member of the Group of a subsidiary or
business or undertaking in which that person is employed or predominantly employed; and

Vested Portion shall mean:
(a) in respect of Duncan Painter: 100 per cent. of such shares; and
(b) in respect of any other Executive who is not an LTIP Executive: if a person becomes a Departing Employee (A)

from the Implementation Date up to and including 30 June 2015: 50 per cent. of the relevant shares; (B) from 1 July 2015
up to and including 30 June 2016: 75 per cent. of the relevant shares; or (C) from 1 July 2016 onwards: 100 per cent. of
the relevant shares.

10.31 The Market Value of the Securities (other than any E2 Ordinary Shares) the subject of the Compulsory Transfer

Notice for the purposes of Article 10.29 (the Transferred Securities) shall be determined by the Manager acting in good
faith as at the Cessation Date (or, if earlier, the date on which notice is given or received) (the Valuation Date) (and following
consultation with the Senior Executive (unless the Senior Executive is the Departing Employee)) assuming a sale of the
entire issued share capital of the Company as between a willing buyer and a willing seller at the Valuation Date and shall
not take account of whether the Transferred Securities comprise a majority or a minority interest in the Company (if relevant)
or the fact that their transferability is restricted by this Deed (the Manager Valuation). In determining the Manager Valuation
the Manager shall take into account the most recent available valuation of the Group as set out in the periodic reporting of
Apax VII to the Apax LPs, with any adjustments the Manager deems to be appropriate, acting reasonably and in good faith,
to reflect any events (such as acquisitions, disposals, prepayments and repayments of debt and refinancing including sub-
scriptions of securities or new borrowings) that have occurred since such prior valuation and prior to the Valuation Date
and that affect (including by way of cost synergies or savings and/or effects on turnover or profitability) the value of
securities to be transferred and, where available, reference will be made to independent valuations (whether of the Group,
a constituent part thereof or a target business) prepared in connection with such events) and the Market Value of the
Transferred Securities as set out in the Manager Valuation shall be the Market Value of the Transferred Securities. The
Manager Valuation shall be set out in the Compulsory Transfer Notice. The Market Value of each E2 Ordinary Share the
subject of a Compulsory Transfer Notice shall be 0.1 per cent. of the Market Value of each other Share.

The following provisions of articles 10.32 to 10.34 (inclusive) shall not apply where the Departing Employee is an LTIP

Executive, in which case the Manager Valuations shall, in the absence of manifest error, be final and binding on the parties.

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10.32 If the Departing Employee does not agree with the Manager Valuation it shall, within ten Business Days of the

date of the relevant Compulsory Transfer Notice, give notice in writing to the Company (a Challenge Notice). If the
Departing Employee does not serve a Challenge Notice within ten Business Days of the date of the Compulsory Transfer
Notice, the Manager Valuation shall, in the absence of manifest error, be final and binding on the parties.

10.33 If a Departing Employee serves a Challenge Notice, the Company and the Departing Employee shall as soon as

reasonably practicable and in any event within 5 Business Days of the Challenge Notice jointly appoint the London office
of one of the big four firms of accountants (other than the auditors of the Group at such time) (the Accountants) to certify
the fair value of the Transferred Shares assuming a sale of the entire issued share capital of the Company as between a
willing buyer and a willing seller at the Valuation Date and shall not take account of whether the Transferred Shares
comprise a majority or a minority interest in the Company (if relevant) or the fact that their transferability is restricted by
the Articles as soon as reasonably practicable and in any event within three months of the date of the Challenge Notice (the
Independent Valuation) and the Independent Valuation should be delivered to the Company within three months of the
date of the Challenge Notice. The Company shall provide or procure that there is provided to the Accountants all information
in relation to the Group that may be reasonably requested by the Accountants in connection with the preparation of the
Independent Valuation. The Accountants shall act as experts and not arbitrators. All fees and expenses of the Accountants
in connection with the preparation of the Independent Valuation shall, subject to Article 10.34, be borne as to fifty per cent.
by the Company and as to fifty per cent. by the relevant Departing Employee. If a Departing Employee serves a Challenge
Notice, the parties shall nevertheless proceed with the completion of the transfer of the Transferred Securities on the basis
of the Manager Valuation.

10.34 If the enterprise value of the Group as set out in the Independent Valuation is ten per cent. or more higher than

the enterprise value as set out in the Manager Valuation, the Market Value of the Transferred Securities as set out in the
Independent Valuation shall, in the absence of manifest error, be final and binding on the parties and the difference between
the Manager Valuation and the Independent Valuation shall be paid as further deferred consideration, within ten Business
Days of the date on which the Independent Valuation is delivered to the Company and the Departing Employee in com-
pliance with any Agreement (if any). If the enterprise value of the Group as set out in the Independent Valuation is less
than ten per cent. higher than the enterprise value as set out in the Manager Valuation: (i) the Market Value of the Transferred
Securities as set out in the Manager Valuation shall, in the absence of manifest error, be final and binding on the parties;
and (ii) all fees and expenses of the Accountants in connection with the preparation of the Independent Valuation shall be
borne by the relevant Departing Employee.

10.35 An obligation to transfer securities under this Deed shall be deemed to be an obligation to transfer, or procure the

transfer of, the entire legal and beneficial interest in such securities free from any Encumbrance (unless the context otherwise
requires).

10.36 A Departing Employee shall be Competing with the Group if at any time in the period from the Cessation Date

to and including the earlier of (i) the date on which the non-compete period of such Departing Employee expires and (ii)
the date of the Compulsory Transfer Notice, he carries on, sets up, is employed by, engaged or interested in any business
(directly or indirectly, on his own behalf or on behalf of or in conjunction with another person, firm, company or other
entity) in any region in which the Group (or, in the case of OpCo Employees or an LTIP Executive working solely or
predominantly for a division or business unit (an OpCo LTIP Executive), the business unit of the Group in which he is
employed or to which he provided services in the 12 months prior to the Cessation Date (a Relevant Business Unit)) operates
which is or is about to be set up with the objective of being in, or intends to be in, competition with the business of the
Company or any member of the Group (or, in the case of OpCo Employees or an OpCo LTIP Executive, the Relevant
Business Unit) (excluding for this purpose new business introduced or developed after the Cessation Date), except as an
owner of Permitted Investments or except for a Permitted Activity (each as defined below). It is agreed that if any such
business ceases to be in competition with the Company and any other member of the Group (or, in the case of OpCo
Employees or an OpCo LTIP Executive, the Relevant Business Unit) this Article 10.36 shall, with effect from that date,
cease to apply in respect of such business and, in addition, this Article 10.36 shall not apply (x) to seeking or doing of
business not in competition with the business of the Company or any other member of the Group (or, in the case of OpCo
Employees or an OpCo LTIP Executive, the Relevant Business Unit); or (y) to a Departing Employee being employed,
engaged or interested in a business if at the date of the Departing Employee becoming so employed, engaged or interested
that business was not in competition (nor did it have the objective or intention of being in competition) with the business
of the Company or any other member of the Group (or, in the case of OpCo Employees or an OpCo LTIP Executive, or
the Relevant Business Unit) (excluding for this purpose new business introduced or developed after the Cessation Date).
If the Departing Employee writes to the Manager giving details of a proposed activity and requesting confirmation from
the Manager as to whether the Manager considers that such activity would or would not constitute Competing with the
Group, the Manager shall respond to such request within twenty Business Days. If the Manager acting in good faith
concludes that a Departing Employee is, or is about to start Competing with the Group, it shall write to the Departing
Employee setting out the reasons why the Manager has come to that conclusion. Failure by the Company to respond within
such twenty Business Day period means that the Departing Employee will be deemed not to be Competing with the Group
for the purposes of this Article 10.36 to the extent of the proposed activity in respect of which confirmation was sought
but shall be without prejudice to any other rights or remedies a Group Company may have with respect to such Departing
Employee. If the Departing Employee fails to challenge the determination in writing by notice to the Company within ten

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Business Days of being notified in writing of the Manager's determination, that decision shall be final and binding. If the
Departing Employee does challenge in writing prior to the expiry of the ten Business Day period referred to above and to
the Manager's knowledge continues or commences the action that the Manager had concluded constituted Competing with
the Group, the Manager has the right to determine that the provisions of this Article 10 shall operate on the basis that the
Departing Employee is Competing with the Group provided the Company commences legal proceedings against the De-
parting Employee as soon as reasonably practicable and in any event within three months in relation to seeking to prevent
the continuation of such action. If, in relation to such legal proceedings the court finally determines or it is agreed between
the Company and the Departing Employee that the Departing Employee is Competing with the Group no further sums shall
be due to the Departing Employee in relation to their Transferred Securities. Otherwise, the difference (if any) between the
price calculated under Articles 10.29.2 or 10.29.4 and the price calculated under Article 10.29.1 or 10.29.3 shall be paid
as further deferred consideration (or, as the case may require, steps shall be taken to put the Departing Employee's Group
in the position it would have been in had the provisions of Article 10 been operated on the basis that the Departing Employee
was not Competing with the Group), within ten Business Days of the earlier of (a) the date on which the Company ceases
to pursue such legal proceeding and (b) the court's final determination if there is no right of appeal or within ten Business
Days of the expiry of one month from the court's determination if there is a right of appeal and no appeal is lodged or within
ten Business Days of any agreement, on the basis of any Agreement. - For these purposes:

Permitted Activity shall mean the Departing Employee being employed by or otherwise providing services to a subsi-

diary, division or unit of any entity that has a subsidiary, division or unit (other than the subsidiary, division or unit to which
the Departing Employee provides services) engaged in competition with the business of the Company or any other member
of the Group (or, in the case of OpCo Employees or an OpCo LTIP Executive , the Relevant Business Unit) if the Departing
Employee does not, directly or indirectly, provide services to the subsidiary, division or unit that is engaged in such
competing business activity; and

Permitted Investment shall mean any holding up to three per cent. of the shares or other securities dealt in or on a

recognised stock exchange for investment purposes.

Art. 11. Liability of the Unlimited Shareholder and of the Shareholders.
11.1 The Unlimited Shareholder shall be jointly and severally liable for all liabilities of the Company which cannot be

met out of the assets of the Company.

11.2 The Limited Shareholders shall refrain from acting on behalf of the Company in any manner or capacity whatsoever

other than when exercising their rights as Shareholders in general meetings of the Shareholders and shall in that capacity
only be liable for payment to the Company of the par value and if applicable the issue premium of the Shares they subscribed
for and hold.

Chapter III. Management, Supervisory Board

Art. 12. Management.
12.1 The Company shall be managed by Eden 2 S.à r.l., a société à responsabilité limitée incorporated and existing under

the laws of the Grand Duchy of Luxembourg, having its registered office at 1-3 Boulevard de la Foire, L-1528 Luxembourg
(or any other registered office as may be approved by the Manager or its shareholders from time to time), being registered
with the Registre de Commerce et des Sociétés of Luxembourg under number B 137.730, in its capacity as sole Unlimited
Shareholder («associé commandité») of the Company (herein referred to as the «Manager»).

12.2 The Manager may not be removed from its capacity as manager of the Company without its consent.

Art. 13. Powers of the Manager.
13.1 The Manager is vested with the broadest powers to perform all acts of administration and disposition of the Com-

pany. All powers not expressly reserved by Law or by these Articles to the general meeting of Shareholders are within the
powers of the Manager.

13.2 The Manager from time to time may appoint the officers of the Company, including a general manager, the secretary

and any assistant general managers, assistant secretaries or other officers or agents considered necessary for the operation
and management of the Company. Any such appointment may be revoked at any time by the Manager. The officers
appointed, unless otherwise stipulated in these Articles, shall have the powers and duties given to them by the Manager.

Art. 14. Representation of the Company.
14.1 The Company will be bound towards third parties by the sole signature of the Manager, acting through one or more

duly authorised signatories as designated by the Manager in its sole discretion.

Art. 15. Conflict of Interest and Indemnification.
15.1 No contract or other transaction between the Company and any other corporation or firm shall be affected or

invalidated by the fact that the Manager or any one or more of the managers or officers or shareholders of the Manager is
interested in, or is a director, associate, officer, employee or a shareholder of such other corporation or firm.

15.2 Any manager or officer of the Manager who serves as a director, officer or employee of any corporation or firm

with which the Company shall contract or otherwise engage in business shall not, by reason of such affiliation with such

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other corporation or firm be prevented from considering and voting or acting upon any matters with respect to such contract
or other business.

15.3 The Company will indemnify each of the Manager and any partner, director or officer of the Manager, and their

respective heirs, executors and administrators, against expenses reasonably incurred in connection with any action, suit or
proceeding to which it may be made a party by reason of being or having been a partner, director or officer of the Company
or, at the Manager's request, of any other corporation of which the Company is a shareholder or creditor and from which
he/she is not entitled to be indemnified, except in relation to matters as to which he/she shall be finally adjudged in such
action, suit or proceeding to be liable for gross negligence or misconduct. In the event of a settlement, indemnification shall
be provided only in connection with such matters covered by the 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/she may be entitled and is without prejudice to Article 13.

Art. 16. Supervisory Board.
16.1 The business of the Company and its financial situation, including more in particular its books and accounts, shall

be supervised by a supervisory board (the “Supervisory Board”) composed of not less than three members, who need not
be Shareholders.

16.2 The Supervisory Board shall have the powers provided for by Law.
16.3 The Supervisory Board shall be consulted by the Manager on such matters as the Manager may determine and shall

authorise any actions of the Manager that may, pursuant to applicable law or under the Articles, exceed the powers of the
Manager.

16.4 The members of the Supervisory Board shall neither participate in, nor interfere with, the management of the

Company.

Art. 17. Election.
17.1 The members of the Supervisory Board will be elected by the general meeting of Shareholders which will determine

their number and the duration of their appointment, which may not exceed six years. Members of the Supervisory Board
will hold office until their successors are elected.

17.2 They are re-eligible and they may be removed at any time, with or without cause, by a resolution adopted by the

general meeting of Shareholders.

17.3 In the event of the total number of members of the Supervisory Board falling below three, the Manager shall

forthwith convene a general meeting of Shareholders in order to fill such vacancy.

Art. 18. Meetings of the Supervisory Board.
18.1 The Supervisory Board will choose from among its members a chairman. It will also choose a secretary, who need

not be a member of the Supervisory Board, who will be responsible for keeping the minutes of the meetings of the Super-
visory Board.

18.2 The Supervisory Board will meet upon call by its chairman. A meeting of the Supervisory Board must be convened

if any two members so require.

18.3 The chairman will preside at all meetings of the Supervisory Board, but in his/her absence the Supervisory Board

will appoint another member of the Supervisory Board as chairman pro tempore by vote of the majority present at such
meeting.

18.4 Written notices of any meeting of the Supervisory Board will be given by letter, telegram, telefaxed letter, e-mail

or any other means of transmission ensuring the authenticity of the document and the identification of its author to all
members at least two Business Days prior to the date set for such meeting, except in circumstances of emergency, in which
case the nature of such circumstances will be set forth in the notice. The notice will indicate the place of the meeting and
will contain the agenda thereof.

18.5 The notice may be waived by the consent of each member of the Supervisory Board by letter, telegram, telefaxed

letter, e-mail or other means of transmission ensuring the authenticity of the document and the identification of its author.

18.6 No separate notice is required for meetings held at times and places specified in a schedule previously adopted by

resolution of the Supervisory Board.

18.7 Any member of the Supervisory Board may act at any meeting of the Supervisory Board by appointing by letter,

telegram, telefaxed letter or any other means of transmission ensuring the authenticity of the document and the identification
of its author another member of the Supervisory Board as his/her proxy. A member of the Supervisory Board may only
represent one absent member.

18.8 The Supervisory Board can deliberate or act validly only if a majority of its members are present or represented.
18.9 Decisions will be taken by a majority of the votes of the members present or represented at such meeting.
18.10 One or more members may participate in a meeting by means of a conference call or by any similar means of

communication enabling all persons participating therein to simultaneously communicate with each other. Such partici-
pation shall be deemed equivalent to a physical presence at the meeting.

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18.11 The Supervisory Board may also take written resolutions. Such written resolutions, signed by all the members,

are proper and valid as though they had been adopted at a meeting of the Supervisory Board which was duly convened and
held. It can be documented in a single document or in several separate documents having the same content.

Art. 19. Minutes of meetings of the Supervisory Board.
19.1 The minutes of any meeting of the Supervisory Board will be signed by the chairman of the meeting and by any

member of the Supervisory Board or the secretary. The proxies will remain attached thereto.

19.2 Copies or extracts of such minutes which are produced in judicial proceedings or otherwise will be signed by the

chairman and by a member of the Supervisory Board or by the secretary.

Chapter IV. General meeting of the shareholders

Art. 20. Powers of the General Meeting of the Shareholders.
20.1 Any regularly constituted general meeting of the Shareholders represents the entire body of Shareholders. Without

prejudice to the provisions of Article 12 and to any other powers reserved to the Manager by virtue of the present Articles
and without prejudice to its general power under the Law, it shall have the powers to adopt and ratify measures affecting
the interests of the Company vis-à-vis third parties or amending the Articles with the agreement of the Manager only.

Art. 21. Annual General Meeting.
21.1 The annual general meeting of the Shareholders will be held in the City of Luxembourg, at the registered office of

the Company or at such other place as may be specified in the notice convening the meeting, each year on the first Monday
of June at 3.00 pm CET.

21.2 If such day is not a Business Day, the meeting will be held on the next following Business Day.

Art. 22. Other General Meetings.
22.1 The Manager or the Supervisory Board may convene other general meetings or class meetings at such place and

time as may be specified in the relevant convening notice.

22.2 A general meeting must be convened if Shareholders representing at least one tenth of the Company's capital so

require.

Art. 23. Notice.
23.1 The Shareholders shall meet upon a notice by the Manager or the Supervisory Board (whether the meeting is

convened at the Manager's, the Supervisory Board's or the Shareholders' initiative), setting forth the agenda and sent at
least 8 calendar days prior to the meeting by registered mail to each Shareholder at the Shareholder's address in the Register.

23.2 The agenda for a general meeting of the Shareholders shall also, where appropriate, describe any proposed changes

to the Articles and, if applicable, set out the text of those changes affecting the object or form of the Company.

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

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

Art. 24. Attendance - Representation.
24.1 All Shareholders are entitled to attend and speak at all general meetings of the Shareholders.
24.2 A Shareholder may act at any general meeting of Shareholders by appointing in writing or by telefax or any other

means of transmission ensuring the authenticity of the document and the identification of its author as his/her proxy another
person who need not be a Shareholder.

24.3 A Shareholder which is a company or other legal entity may execute a form of proxy under the hand of a duly

authorised officer, or may authorise by letter, by telegram or telefax or any other means of transmission ensuring the
authenticity of the document and the identification of its author, such person as it thinks fit to act as its representative at
any general meeting of the Shareholders, subject to the production of such evidence of authority as the Manager may
require.

Art. 25. Proceedings.
25.1 The general meeting of the Shareholders shall be presided by the Manager or by a person designated by the Manager.
25.2 The chairman of the general meeting of the Shareholders shall appoint a secretary.
25.3 The general meeting of the Shareholders may elect one scrutineer to be chosen from the Shareholders present or

represented.

25.4 They together form the board of the general meeting of the Shareholders.

Art. 26. Adjournment.
26.1 The Manager may at any time during a general meeting of Shareholders adjourn such meeting by four weeks. It

must adjourn the meeting if so required by Shareholders representing at least one fifth of the Company's capital.

26.2 Such adjournment automatically cancels any resolution already adopted prior thereto.
26.3 The adjourned general meeting of the Shareholders shall have the same agenda as the first one. Unless provided

differently therein, proxies regularly deposited in view of the meeting remain valid for the adjourned meeting.

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Art. 27. Vote.
27.1 The general meeting of the Shareholders may deliberate and vote only on the items comprised in the agenda.
27.2 Each Ordinary Share, E Ordinary Share, F Ordinary Share and Unlimited Share entitles its holder to one vote.
27.3 The Preference Shares shall not entitle their holders to any voting rights except in the limited circumstances set out

hereafter, where Luxembourg law specifically provides for voting rights for non-voting shares.

27.3.1 The relevant class of Preference Shares will be entitled to vote with one vote per Preference Share alongside the

Ordinary Shares, E Ordinary Share, F Ordinary Share and Unlimited Share at all general meetings of Shareholders of the
Company when, despite the existence of available statutory profits, the Preferential Distribution Right attached to the
relevant class of Preference Shares provided for by Article 7 has not been declared and paid for a period of two successive
financial years. The relevant class of Preference Shares will continue to carry such voting rights until all arrears of the
relevant Preferential Distribution Right have been paid in full.

27.3.2 In addition, holders of Preference Shares will be entitled to one vote per Preference Share and may vote alongside

the Ordinary Shares, E Ordinary Share, F Ordinary Share and Unlimited Share on any resolution addressing:

(i) any issue of Preference Shares or any new non-voting shares of any class;
(ii) a change in the Preferential Distribution Right;
(iii) the conversion of Preference Shares or any other nonvoting shares of any class into ordinary shares of the Company;
(iv) a reduction of the share capital of the Company;
(v) a change in the corporate object of the Company;
(vi) an issue of debt securities convertible into Shares;
(vii) the dissolution of the Company; or
(viii) the conversion of the Company from one legal form under Luxembourg law to another.
27.4 Notwithstanding any other provision of these Articles, with respect to any matter affecting the rights of the holders

of Shares as a class, including the matters referred to in clauses (i) and (ii) of Article 27.3.2 affecting the rights of the
holders of Preference Shares, a resolution of the holders of the relevant Shares voting as a class is required in order for the
resolution to be adopted.

27.5 Voting Beneficiary Certificates will be entitled to vote as and when the Preference Shares will be entitled to vote

pursuant to the Law and/or Article 27.3. In these circumstances, all the references in the Articles, in respect of the rules
applying to the organisation of, participation in, majorities and holding of general meetings of the Company (save for
Articles 27.4 and 28.1), to “Shareholders” shall be deemed to be a reference to Shareholders and BC Holders and references
to “Shares” shall be deemed to be a reference to Shares and Voting Beneficiary Certificates. If the number of the Voting
Beneficiary Certificates is lower than the aggregate number of Beneficiary Certificates in issue, the Voting Beneficiary
Certificates shall be deemed held by the BC Holders pro-rata to the number of Beneficiary Certificates held by them.

27.6 Except as otherwise required by Law or provided herein, resolutions will be passed by a simple majority of the

Shares entitled to vote present and voting at a general meeting of the Shareholders, subject to Article 28.

27.7 Any matter to be approved by the general meeting of the Shareholders that would require the approval by at least

a two-third majority of the votes cast (whether by law or pursuant to the Articles) shall also require (i) so long as the holders
of A Ordinary Shares hold (including through their holding of other Securities) at least 20% of the Economic Rights, the
approval by the majority of the A Ordinary Shares and (ii) so long as the holders of B Ordinary Shares hold (including
through their holding of other Securities) at least 20% of the Economic Rights, the approval by the majority of the B
Ordinary Shares.

Art. 28. Amendment of these Articles.
28.1 At any general meeting of the Shareholders convened in order to amend the Articles, including the corporate object

of the Company, or to resolve on issues for which the Law refers to the conditions required for the amendment of the
Articles, the quorum shall be at least one half of (i) all the issued and outstanding Shares having the right to vote on such
amendment of the Articles as set forth in Article 27 and (ii) the Voting Beneficiary Certificates having the right to vote on
such amendment of the Articles in accordance with Article 27.5.

28.2 If the quorum requirement is not fulfilled, a second meeting may be convened in accordance with the Law. Any

such notice shall reproduce the agenda and indicate the date and the result of the preceding meeting. The second meeting
may validly deliberate, irrespective of the portion of the share capital represented.

28.3 Subject to Article 27.7, in both meetings, resolutions must be passed by at least two thirds of the votes of the

Shareholders present or represented and having the right to vote on the relevant amendment of the Articles as defined in
Article 27.

28.4 Unless provided differently therein, any proxy regularly deposited for the first meeting shall remain valid for the

second meeting.

Art. 29. Minutes.
29.1 The minutes of the general meeting of the Shareholders shall be signed by the bureau of the meeting.

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29.2 Copies or extracts of these minutes to be produced in judicial proceedings or otherwise shall be signed by the

Manager.

Chapter V. Financial year

Art. 30. Financial Year.
30.1 The Company's financial year begins on the 1 January of each year and ends on 31 December of the same year.

Art. 31. Adoption of financial statements.
31.1 Financial statements shall be drawn up by the Manager and submitted for adoption to the next annual general

meeting of the Shareholders. The annual general meeting of the Shareholders shall consider and, if thought fit, adopt the
financial statements and vote on the discharge of the Manager and the allocation of the results of the Company in accordance
with these Articles.

Chapter VI. Dissolution, Liquidation

Art. 32. Dissolution, Liquidation.
32.1 The Company may be dissolved by a decision of the Shareholders voting with the same quorum and majority as

for the amendment of these Articles as set out in Article 27 (including, for the avoidance of doubt, the requirements of
Article 27.4), unless otherwise provided by law, but always subject to the consent of the Manager.

32.2 Should the Company be dissolved, the liquidation will be carried out by the Manager.
32.3 After payment of, or the creation of sufficient provisions for, all the debts of and charges against the Company and

the expenses of liquidation, the liquidation proceeds shall be distributed to the Shareholders (in accordance with Article
7.7) as follows:

32.3.1 First, the holders of Redeemable A Preference Shares in issue shall receive an amount equal to the A Redemption

Price and the holders of Redeemable B Preference Shares in issue shall receive an amount equal to the B Redemption Price,
it being understood that these shares rank pari passu with respect to their respective entitlement;

32.3.2 Thereafter, the C Redemption Price shall be paid to the holders of Redeemable C Preference Shares in issue;
32.3.3 Thereafter, the D Redemption Price shall be paid to the holders of D Preference Shares in issue;
32.3.4 Thereafter, the E Redemption Price shall be paid to the holders of E Preference Shares in issue;
32.3.5 Thereafter, the nominal value of the Ordinary Shares, E Ordinary Shares, F Ordinary Shares and the Unlimited

Share shall be paid to their respective holders;

32.3.6 Thereafter, any surplus (the “Surplus”) shall be distributed pari passu among the holders of Ordinary Shares, E

Ordinary Shares, F Ordinary Shares and Unlimited Share as follows:

(i) Each Ordinary Share shall entitle the holder thereof to receive an amount equal to the aggregate of the Ordinary

Entitlement and the F Surplus Entitlement;

(ii) Each E Ordinary Share shall entitle the holder thereof to receive an amount equal to the aggregate of the E Ordinary

Entitlement and an amount equal to 1/1000

of the F Surplus Entitlement;

(iii) Each F Ordinary Share shall entitle the holder thereof to receive an amount equal to the Ordinary Entitlement (except

(iv) Each Unlimited Share shall entitle the holder thereof to receive an amount equal to the aggregate of the E Ordinary

Entitlement and an amount equal to 1/1000

of the F Surplus Entitlement.

32.4 If the liquidation proceeds do not allow a full repayment to the Shareholders of any of the amounts set forth under

32.3.1 to 32.3.6, the amounts repaid to such Shareholder shall first be applied in the order of priority set out in 32.3.1 to
32.3.6 and then as between the Shareholders in a category to satisfy the payment of the nominal value of the Shares and
then to any preferred entitlement, preference or specific entitlement attached thereto.

32.5 In case of dissolution, insolvency or legal incapacity of the Manager or where for any other reason it is impossible

for the Manager to act, the Company will not be dissolved.

32.6 In that event the Supervisory Board shall convene the general meeting of Shareholders for the purpose of appointing

one or more new managers or transforming the Company into another form of company. The Supervisory Board shall
designate one or more administrators who shall remain in office until the general meeting of Shareholders shall have validly
resolved on the issues of its agenda.

32.7 The administrators' duties consist of performing urgent acts and acts of ordinary administration.
32.8 The administrators are responsible only for the execution of their mandate.

Chapter VII. Applicable law

Art. 33 Applicable Law.
33.1 All matters not governed by these Articles shall be determined in accordance with the Law.

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Chapter VIII. Definitions

Art. 34 Definitions. In these Articles, the following terms shall have the respective meaning set out below:

A Ordinary Shares

Has the meaning ascribed thereto in article 5.1.2.

A Preference

Means for each Preferred Period where a Redeemable A Preference Share is in issue
in the Company, an amount equal to the Preferred Senior Rate applied, at the time of
the declaration pro tempore, to the sum of (i) the A Preference Share Value and (ii)
the A Preference Share Compounded Value in respect of that A Preference Share and
for these purposes, the A Preference Shares issued on or before 19 December 2014
will be deemed to have been issued on the Implementation Date;

A Preference Share Compounded

Value

Means, for each Preferred Period, the accrued and unpaid annual cumulative
preferential distribution right in respect of each Redeemable A Preference Share for
all prior Preferred Periods which has then been compounded pursuant to Article 7.5.1;

A Preference Share Value

Means an amount equal to the sum of (i) the nominal value of each Redeemable A
Preference Share and (ii) the A Preferred Entitlement;

A Preferred Entitlement

Means an amount of nine hundred and ninety-nine British Pounds and ninety-six Pence
(GBP999.96) per Redeemable A Preference Share;

A Redemption Price

Means an amount equal to the aggregate of (i) the A Preference Share Value, plus (ii)
the A Preference Share Compounded Value plus (iii) any accrued A Preference in
respect of the current Preferred Period (and, in each case, which is then outstanding
and has not otherwise been returned or repaid);

Accepting Shareholders

Has the meaning ascribed thereto in Article 5.2.1(f);

Accountants

Has the meaning ascribed thereto in clause 10.33

Agreement

Means any shareholders' agreement or similar agreement governing the relationship
between the holders of Securities as may be entered into between the holders of
Securities from time to time (if any);

Annual Payment Date

Means, with respect to the initial Annual Payment Date, the date that is twelve months
after the Implementation Date, and, with respect to each successive Annual Payment
Date, the date that is twelve months after the immediately preceding Annual Payment
Date;

Apax Entities

Means each of Eden 3 S.àr.l., Eden 4 S.àr.l., Eden DebtCo S.àr.l., Eden DebtCo 2
S.àr.l. whether acting jointly or separately;

Apax Funds

Means Apax Europe VII-A L.P., Apax Europe VII-B L.P. and Apax Europe VII-1 LP.

Apax Preferred

Has the meaning ascribed thereto in clause 10.15.2;

Apax Securities

Has the meaning ascribed thereto in clause 10.13;

Apax Sellers

Has the meaning ascribed thereto in clause 10.13;

Apax Shares

Has the meaning ascribed thereto in clause 10.13;

Articles

Means the present articles of association;

Authorised BCs

Has the meaning ascribed thereto in clause 6.2;

B Ordinary Shares

Has the meaning ascribed thereto in article 5.1.3.

B Preference

Means for each Preferred Period where a Redeemable B Preference Share is in issue
in the Company, an amount equal to the Preferred Senior Rate applied, at the time of
the declaration pro tempore, to the sum of (i) the B Preference Share Value and (ii)
the B Preference Share Compounded Value in respect of that Redeemable B
Preference Share, and for these purposes, the B Preference Shares issued on or before
19 December 2014 will be deemed to have been issued on the Implementation Date;

B Preference Share Compounded

Value

Means, for each Preferred Period, the accrued and unpaid annual cumulative
preferential distribution right in respect of any Redeemable B Preference Shares for
all prior Preferred Periods which has then been compounded pursuant to Article 7.5.1;

B Preference Share Value

Means an amount equal to the sum of (i) the nominal value of the Redeemable B
Preference Share and (ii) the B Preferred Entitlement;

B Preferred Entitlement

Means an amount of nine hundred and ninety-nine British Pounds and ninety-six Pence
(GBP999.96) per Redeemable B Preference Share;

B Redemption Price

Means an amount equal to the aggregate of (i) the B Preference Share Value, plus (ii)
the B Preference Share Compounded Value plus (iii) any accrued B Preference in
respect of the current Preferred Period (and, in each case, which is then outstanding
and has not otherwise been returned or repaid);

BC Holder

Means a holder of Beneficiary Certificates;

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BC Register

Means the register of BC Holders of the Company;

Business Day

means a day (other than a Saturday and Sunday) on which banks generally are open
in London and Luxembourg for the transaction of normal banking business;

C Ordinary Shares

Has the meaning ascribed thereto in article 5.1.4.

C Preference

Means for each Preferred Period where a Redeemable C Preference Share is in issue
in the Company, an amount equal to the Preferred Junior Rate applied, at the time of
the declaration pro tempore, to the sum of (i) the nominal value of the Redeemable C
Preference Share and (ii) the C Preference Share Compounded Value in respect of
that Redeemable C Preference Share and for these purposes, the C Preference Shares
issued on or before 19 December 2014 will be deemed to have been issued on the
Implementation Date;

C Preference Share Compounded

Value

Means, for each Preferred Period, the accrued and unpaid annual cumulative
preferential distribution right in respect of any Redeemable C Preference Shares for
all prior Preferred Periods which has then been compounded pursuant to Article 7.5.2;

C Preference Share Value

Means an amount equal to the nominal value of the Redeemable C Preference Share;

C Redemption Price

Means an amount equal to the aggregate of (i) the C Preference Share Value, plus (ii)
the C Preference Share Compounded Value plus (iii) any accrued C Preference in
respect of the current Preferred Period (and, in each case, which is then outstanding
and has not otherwise been returned or repaid);

Cessation Date

Means the earliest date on which the relevant person becomes a Departing Employee;

Challenge Notice

Has the meaning ascribed thereto in clause 10.32

Company

Means Eden 2 & Cie S.C.A., a Luxembourg société en commandite par actions;

Compulsory Transfer Notice

has the meaning ascribed thereto in clause 10.28

D Ordinary Shares

Has the meaning ascribed thereto in article 5.1.5.

D Preference

Means for each Preferred Period where a D Preference Share is in issue in the
Company, an amount equal to the Preferred D Rate applied, at the time of the
declaration pro tempore, to the sum of (i) the D Preference Share Value and (ii) the
D Preference Share Compounded Value in respect of that Redeemable D Preference
Share and for these his purposes, the D Preference Shares issued on or before 19
December 2014 will be deemed to have been issued on the Implementation Date;

D Preference Share Compounded

Value

Means, for each Preferred Period, the accrued and unpaid annual cumulative
preferential distribution right in respect of any D Preference Shares for all prior
Preferred Periods which has then been compounded pursuant to Article 7.5.3;

D Preference Share Value

Means an amount equal to the sum of (i) the nominal value of the D Preference Share
and (ii) the D Preferred Entitlement;

D Preference Shares

Has the meaning ascribed thereto in article 5.1.12.

D Preferred Entitlement

Means an amount of nine hundred and ninety-nine British Pounds and ninety-six Pence
(GBP999.96) per D Preference Share;

D Redemption Price

Means an amount equal to the aggregate of (i) the D Preference Share Value plus (ii)
the D Preference Share Compounded Value and (iii) any accrued D Preference in
respect of the current Preferred Period (and, in each case, which is then outstanding
and has not otherwise been returned or repaid);

Departing Employee

Means any individual who is an Employee who ceases to be so and who does not begin
or continue otherwise to provide services to any Group Company;

Departing Employee's Group

Means:
(a) a Departing Employee;
(b) a Relation of the Departing Employee or any transferee referred to in sub-paragraph
(d) below;
(c) the trustees for the time being of a Family Trust of the Departing Employee or any
transferee referred to in sub-paragraph (d) below;
(d) except where the transfer is with Shareholder Consent and such consent provides
that the transferee is not to be a member of the Departing Employee's Group, any other
person to whom a Departing Employee has transferred or purported to transfer any
Shares and any subsequent transferee thereof; or
(e) the nominees of any of the persons in (a), (b), (c) or (d) above;

Distribution

Shall mean any repayment, return or reduction of capital or principal or nominal or
par value, any redemption or repurchase, any payment, accrual or allocation of

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dividend, interest, payment in kind, yield or coupon, any bonus issue, distribution in
specie or on liquidation, dissolution or in a winding up or any other distribution how-
soever effected, directly or indirectly, in respect of the Shares and Preferred
Instruments (if any);

DP Strip D Preference Shares

Means the 5 D Preference Shares held by Duncan Painter on 19 December 2014 which
form part of his strip investment;

Drag Sale

Has the meaning ascribed thereto in clause 10.13;

Drag-Along Notice

Has the meaning ascribed thereto in clause 10.13;

Drag-Along Shares

Has the meaning ascribed thereto in clause 10.13;

Dragged Preferred

Has the meaning ascribed thereto in clause 10.15.2;

E Ordinary Entitlement

Means an amount equal to 1/1000

of the Ordinary Entitlement;

E Ordinary Shares

Means the E1 Ordinary Shares and E2 Ordinary Shares;

E Preference

Means for each Preferred Period where an E Preference Share is in issue in the
Company, an amount equal to the Preferred Junior Rate applied, at the time of the
declaration pro tempore to the sum of (i) the E Preference Share Value and (ii) the E
Preference Share Compounded Value in respect of that E Preference Share and for
these purposes, the E Preference Shares issued on or before 19 December 2014 will
be deemed to have been issued on the Implementation Date;

E Preference Share Compounded

Value

Means, for each Preferred Period, the accrued and unpaid annual cumulative
preferential distribution right in respect of any E Preference Share for all prior
Preferred Periods which has then been compounded pursuant to Article 7.5.4;

E Preference Share Value

Means an amount equal to the sum of (i) the nominal value of the E Preference Share
and (ii) the E Preferred Entitlement;

E Preference Shares

Has the meaning ascribed thereto in article 5.1.13.

E Preferred Entitlement

Means an amount of fifty Pounds and eighty-nine Pence (GBP50.89) per E Preference
Share;

E Redemption Price

Means an amount equal to the aggregate of (i) the E Preference Share Value, plus (ii)
the E Preference Share Compounded Value plus (iii) any accrued E Preference in
respect of the current Preferred Period (and, in each case, which is then outstanding
and has not otherwise been returned or repaid);

E1 Ordinary Shares

Has the meaning ascribed thereto in article 5.1.6.

E2 Ordinary Shares

Has the meaning ascribed thereto in article 5.1.7.

Economic Rights

Means the economic rights attaching to the Securities as may be agreed (in writing)
between the holders of those Securities from time to time;

Employees

Means employees, secondees, consultants, contractors, officers and directors of any
Group Company (other than managers of the Manager) and the terms Employed and
Employment shall be construed accordingly;

Encumbrance

Means a mortgage, charge (whether fixed or floating), pledge, lien, option, restriction,
right of first refusal, right of pre-emption, third party right or interest, other
encumbrance or security interest of any kind or another type of agreement or
arrangement having similar effect;

Event of Default

Means any event of default under any material relevant Financial Debt of the Group
as may be relevant;

Excess Shares

Has the meaning ascribed thereto in Article 5.2.1(c);

Executive Securities

Has the meaning ascribed thereto in clause 10.28

Executives

Means the holders of C Ordinary Shares, the holders of F Ordinary Shares or
executives of the Group that have received Shareholder Consent prior to holding C
Ordinary Shares or F Ordinary Shares.

Existing Executive Securities

Has the meaning ascribed thereto in clause 10.28

Exit Event

Means a Sale, IPO, liquidation or dissolution of the Company or a transaction to which
clauses 10.13 to 10.27 apply

F Ordinary Shares

Has the meaning ascribed thereto in article 5.1.8

F Surplus Entitlement

Means an amount calculated as follows:
A = B/ (C + (D/1000))
Where:
A = F Surplus Entitlement;
B = the aggregate Ordinary Entitlement to which all holders of F Ordinary Shares
would be entitled but for the provision in Article 7.5.5 (iii) or (as the case may be)

95563

U X E M B O U R G

Article 32.3.6 (iii) capping the return on the F Ordinary Shares less the aggregate
Ordinary Entitlement to which all holders of F Ordinary Shares are entitled as a result
of the operation of Article 7.5.5 (iii) and/or Article 32.3.6 (iii);
C = aggregate number of Ordinary Shares in issue;
D = aggregate number of E Ordinary Shares and Unlimited Share in issue

Family Trust

Means a trust (whether arising under a settlement, declaration of trust, testamentary
disposition or on an intestacy) under which no immediate beneficial interest in the
shares in question is for the time being or may in future be vested in any person other
than the person establishing the trust and his Relations

Financial Debt

Means borrowings and indebtedness in the nature of borrowing (including by way of
acceptance credits, discounting or similar facilities, loan stocks, bonds, debentures,
notes, overdrafts or any other similar arrangements the purpose of which is to raise
money) owed by the Company or any other Group Company to any banking, financial,
acceptance credit, lending or other similar institution or organisation and, for the
avoidance of doubt, excluding all Preferred Securities;

Fund

Means a unit trust, investment trust, investment company, limited partnership, general
partnership or other collective investment scheme, investment professional (as defined
in Article 19(5)(d) of the FPO), high net worth company, unincorporated association
or high value trust (as defined in Article 49(2)(a) to (c) of the FPO), pension fund,
superannuation fund, insurance company, accident fund, authorised person under
FSMA or any body corporate or other entity, in each case the assets of which are
managed professionally for investment purposes;

Fund Participant

Means any partner, unitholder, shareholder or other participant in, or operator,
manager or custodian of, any Fund;

GMG

Means Guardian Media Group plc (No. 94531) whose registered office is at PO Box
681464 Kings Place, 90 York Way, London N1P 2AP;

GMG Sale Right

Has the meaning ascribed thereto in clause 10.11;

Group and Group Companies

Means the Company and its subsidiaries from time to time;

Implementation Date

Means 16 December 2014;

Independent Valuation

Has the meaning ascribed thereto in clause 10.33

Initial Payment Date

Means the date that is twelve (12) months after the Implementation Date;

Insolvent

Means that (a) the aggregate amount of the Company's liabilities exceeds the then fair
market value of the Company's assets; and/or (b) the Company is unable to pay its
debts when they fall due;

IPO

Means an initial public offering;

Law

Means the Luxembourg law of 10 August 1915 on commercial companies, as
amended;

Limited Shareholder(s)

Means the Shareholder(s) holding Ordinary Shares, E Ordinary Shares and Preference
Shares;

LTIP Executive

Means those Executives who subscribe for F Ordinary Shares on or around 5 May
2015 (or subsequently) and a person shall continue to be an LTIP Executive
notwithstanding the subsequent transfer of F Ordinary Shares by the relevant LTIP
Executive to the Nominee to hold on his or her behalf

Major Shareholder

Means each Shareholder whose Shareholder Group holds more than 20 per cent. of
the issued Securities by Economic Rights;

Manager

Means Eden 2 S.à r.l., the associé-commandité-gérant of the Company holding the
Unlimited Share;

Market Value

Means the market value per Security determined in accordance with clause 10.29,
except as otherwise expressly stated;

New Executive Securities

Has the meaning ascribed thereto in clause 10.28

New Shares

Has the meaning ascribed thereto in Article 5.2;

Nominated Account

Means a bank account opened by each class of Shareholder (by holders representing
a majority in number of Shares of the relevant class) and notified in writing to the
Company prior to the payment of any amount to the Shareholders pursuant to or in
accordance with these Articles;

Nominated Person

Means a person appointed by, and acting on behalf of, each class of Shareholders (by
holders representing a majority in number of Shares of the relevant class) and whose
name and details have been notified in writing to the Company prior to the payment
of any amount to the Shareholders pursuant to or in accordance with these Articles;

95564

U X E M B O U R G

Nominee

Means Eden Acquisition 2 Limited (No. 201479) whose registered office is at c/o
Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town,
Grand Cayman KY1-9005, Cayman Islands

Notice

Has the meaning ascribed thereto in Article 5.2.1(b);

Ordinary Entitlement

Means an amount calculated as follows:
X = R/(Y+(Z/1000))
Where:
X = Ordinary Entitlement;
R = amount of the Remainder or Surplus to be distributed;
Y = aggregate number of Ordinary Shares and F Ordinary Shares in issue;
Z = aggregate number of E Ordinary Shares and Unlimited Share in issue;

Ordinary Shares

Means the A Ordinary Shares, the B Ordinary Shares, the C Ordinary Shares and the
D Ordinary Shares;

Other Preference Shares

Means the Redeemable C Preference Shares, the D Preference Shares and the E
Preference Shares;

Payment Date

Means the Initial Payment Date and the Annual Payment Date or any other date
determined by resolution of the Shareholders in accordance with Article 7 which may
not fall earlier than the payment date proposed by the Manager;

Permitted Activity

has the meaning ascribed to in clause 10.36;

Permitted Investment

has the meaning ascribed to in clause 10.36;

Permitted Transfer

has the meaning ascribed to it in clause 10.6;

Preference Shares

Means together and each of the Redeemable A Preference Shares, the Redeemable B
Preference Shares, the Redeemable C Preference Shares, the D Preference Shares and
the E Preference Shares;

Preferential Distribution Rights Means the preferential distribution rights attached to each class of Preference Shares

pursuant to Articles 7.5.1. to 7.5.4;

Preferred D Rate

Means a rate of 15% per annum accruing from day to day;

Preferred Instruments

Means debt securities issued by the Company or by a Subsidiary and held by the Apax
Entities from time to time if any and in accordance with any Agreement as the case
may be;

Preferred Junior Rate

Means a rate of 1% per annum accruing from day to day;

Preferred New Securities

Means any New Shares or new Preferred Instruments ranking prior to or equal to the
Preferred Securities in issue on the Implementation Date;

Preferred Period

Means, in relation to the initial Preferred Period, the period commencing on the
Implementation Date and ending on the Initial Payment Date and, in relation to each
subsequent Preferred Period, the period commencing immediately after the end of the
previous Preferred Period and ending twelve months thereafter or, if earlier, on a
Payment Date.

Preferred Securities

Means the Preferred Instruments (if any), Redeemable A Preference Shares and
Redeemable B Preference Shares;

Preferred Senior Rate

Means a rate of 11% per annum accruing from day to day;

Principal Group Member

Has the meaning ascribed thereto in the definition of Shareholder Group;

PS Value

Means (i) in respect of the Preferred Securities (other than the Preferred Instruments,
if any), GBP1,000 per Preferred Security, (ii) in respect of the Preferred Instruments
(if any), their respective par value or the amount of the principal drawn under the
relevant Preferred Instrument, (iii) in respect of any Preferred New Securities, the par
or nominal value of such securities or the amount of principal drawn under, together
with any premium thereon, and (iv) together in each case with all accruals (including
any accruals which have been compounded in accordance with the Articles or the
relevant Preferred Instrument, if applicable), allocations and arrears of dividend,
interest, payment in kind, yield or coupon (and, in each case, which is then outstanding
and has not otherwise been returned or repaid), it being understood that the return
applying to each such class of Preferred Securities is the Preferred Senior Rate.

Put Option

Has the meaning ascribed thereto in Article 10.12;

Qualifying Shareholders

Has the meaning ascribed thereto in Article 5.2.1

Qualifying Shares

Has the meaning ascribed thereto in Article 5.2.1;

Redeemable A Preference Shares Has the meaning ascribed thereto in article 5.1.8.
Redeemable B Preference Shares Has the meaning ascribed thereto in article 5.1.10.

95565

U X E M B O U R G

Redeemable C Preference Shares Has the meaning ascribed thereto in article 5.1.11.
Redeemable Preference Shares Means together and each of the Redeemable A Preference Shares, Redeemable B

Preference Shares and Redeemable C Preference Shares.

Means the register of Shareholders.

Relation

In relation to an individual means his or her spouse, child, stepchild or remoter issue;

Relevant Business Unit

Has the meaning ascribed thereto in clause 10.36

Relevant Percentage

Has the meaning ascribed thereto in Article 10.30

Remainder

Has the meaning ascribed thereto in article 7.5.5.

Remaining Shareholders

Has the meaning ascribed thereto in clause 10.13;

Rescue Issue

Has the meaning ascribed thereto in Article 5.2.3;

Sale

means the sale of the whole of the Shares and/or Beneficiary Certificates issued by
the Company to a single buyer or to one or more buyers as part of a single transaction;

Securities

Means the Shares, Preferred Instruments and New Shares (as applicable);

Seller Preferred

Has the meaning ascribed thereto in clause 10.26.1(i)

Senior Executive

Means the most senior executive of the Group from time to time and being, as at the
Implementation Date, Duncan Painter;

Shareholder Consent

Means the agreement in writing (expressly stating that it is a Shareholder Consent) of
each of GMG (or such other member of its Shareholder Group as that group's Principal
Group Member in writing may elect) and the Apax Entities (or such other member of
its Shareholder Group as that group's Principal Group Member in writing may elect)
for so long as that Shareholder Group holds Securities carrying not less than 20 per
cent. of the Economic Rights attributable to all the issued Securities, so that if only
one relevant Shareholder Group holds Securities carrying 20 per cent. or more of the
Economic Rights attributable to all the issued Securities, only the consent of that
Shareholder Group's representative shall be required;

Shareholder Group

Means a Shareholder or a Venture Party (as applicable) and, as relevant, and in each
case from time to time:
(a) in relation to GMG, The Scott Trust Limited or any person or body to whom
substantially all of the assets of The Scott Trust Limited have been transferred and
any company which is, directly or indirectly, a wholly-owned subsidiary of The Scott
Trust Limited or any successor party;
(b) in relation to any of the Apax Entities, (i) the Apax Funds and any partnership or
fund solely managed by or in respect of which Apax Guernsey (Holdco) PCC Limited
being the parent undertaking of Apax Europe VII GP Co Limited, the general partner
of the Principal Group Member of the Apax Entities as at the Implement Date, or a
wholly owned subsidiary undertaking of Apax Guernsey (Holdco) PCC Limited is the
general partner (together the “Apax Controlled Funds”); (ii) nominees and custodians
holding investments solely on behalf of any Apax Controlled Funds; (iii) any body
corporate or entity, directly or indirectly, wholly owned by one or more Apax
Controlled Funds and/or any nominee or custodian acting solely on behalf of any one
or more Apax Controlled Funds and at the Implementation Date, each of the Apax
Funds, Eden 3, Eden 4, Eden DebtCo S.à r.l. and Eden DebtCo 2 shall, inter alios,
form part of the same Shareholder Group;
(c) in relation to any other Shareholder that is a body corporate and that is not directly
or indirectly controlled by a fund managed professionally for investment purposes,
any wholly owned subsidiary of that Shareholder and any ultimate parent company
of that Shareholder that, directly or indirectly, wholly owns that Shareholder and (for
so long as it remains such a parent company of the Shareholder) any wholly owned
subsidiary of such parent company; and
(d) in relation to any other Shareholder that is, or is a body corporate or entity directly
or indirectly controlled by, a fund (the “Fund Shareholder”) managed professionally
for investment purposes, (i) any partnership or fund solely managed by the same
general partner of the Fund Shareholder (the Fund Shareholder and such other
partnership or fund being the “GP Controlled Funds”); (ii) nominees and custodians
holding investments solely on behalf of any GP Controlled Fund; (iii) any body
corporate or entity directly or indirectly, wholly owned by one or more GP Controlled
Fund and/or any nominee or custodian acting solely on behalf of any one or more GP
Controlled Fund.
In relation to each Shareholder Group above, the Principal Group Member shall be:

95566

U X E M B O U R G

(i) in the case of a Shareholder Group falling within (a) above, The Scott Trust Limited
or any person or body to whom substantially all of the assets of The Scott Trust Limited
have been transferred;
(ii) in the case of a Shareholder Group falling within (b) above, the general partner of
the Apax Funds, being, at the Implementation Date, Apax Europe VII GP L.P., Inc;
(iii) in the case of a Shareholder Group falling within (c)(c) above, the Shareholder
or, if it had a parent company that wholly owned that Shareholder as at the date that
it became a Shareholder, that parent company; and
(iv) in the case of a Shareholder Group falling within (d)(d) above, the general partner
of the Fund Shareholder, at the date that it or a body corporate or entity controlled by
it became a Shareholder.

Shareholder(s)

Means the holders of Shares of the Company from time to time.

Has the meaning ascribed thereto in article 5.1.

Specified Cap

Means an amount not exceeding the minimum amount required to prevent an Event
of Default;

Subsidiary

Means any company in relation to which another company is, either directly or
indirectly, its parent company.

Surplus

Has the meaning ascribed thereto in article 32.3.6

Tagged Preferred

Has the meaning ascribed thereto in clause (i)

Total Apax Value

Has the meaning ascribed thereto in clause 10.14;

Total Tag Shares

Has the meaning ascribed thereto in clause 10.19;

Transfer

Means, in relation to any Share or any legal or beneficial interest in any Share, to:
(a) sell, assign, transfer or otherwise dispose of it or any legal or beneficial interest in
respect of it;
(b) create or permit to subsist any Encumbrance over it or any legal or beneficial
interest in respect of it;
(c) direct (by way of renunciation or otherwise) that another person should, or assign
any right to, receive it or any legal or beneficial interest in respect of it;
(d) enter into any agreement in respect of the votes or any other rights attached to the
Shares other than as permitted under any Agreement; (e) exercise any rights or interest
in or under or in respect of any Shares in accordance with the directions and wishes
of any other person or enter into any agreement, arrangement or understanding to do
any of the foregoing; or
(f) agree, whether or not subject to any condition precedent or subsequent, to do any
of the foregoing,
provided that any transfer by any Fund Participant (or by any trustee or nominee for
such Fund Participant) of any interest in such Fund to any person who is, or as a result
of the Transfer becomes, a Fund Participant, shall not, and shall not be deemed to, be
a Transfer of Shares for any purpose under the Articles and Transferred Transferor
and Transferee shall be construed accordingly;

Transferee Class

Means the class of persons comprising:
(a) any person who is or is to be employed or retained by a Group Company as a
replacement for a Departing Employee;
(b) any current employees of the Group immediately prior to the proposed transfer;
and
(c) any EBT;
and shall specifically exclude the Apax Entities and GMG and other members of their
respective Shareholder Groups;

Transferred Securities

Has the meaning ascribed to it in Article 10.31

Unlimited Share

Has the meaning ascribed thereto in Article 5.1.1.

Unlimited Shareholder(s)

Means the holder(s) of the Unlimited Share(s).

Vendor

Has the meaning ascribed thereto in Article 5.2.2(a).

Venture Party

Means each of the Company, GMG Hazel Acquisition 1 Limited, Eden 2 S.à r.l., each
Shareholder, each holder of Preferred Securities, each holder of Preference Shares,
each of the other Apax Entities and each of the Apax Funds.

Voting Beneficiary Certificates Means the number of Beneficiary Certificates equal to 50% of the Preference Shares

in issue plus one (1) at the time where the Beneficiary Certificates are entitled to vote
pursuant to Article 27.5 provided that the Voting Beneficiary Certificates shall never
exceed the number of Beneficiary Certificates in issue.

95567

U X E M B O U R G

The Meeting acknowledged, confirmed and approved for the avoidance of doubt that Eden 2 S.à r.l., being the unlimited

shareholder and sole manager of the Company will be entitled to increase the share capital of the Company from time to
time by the issue of shares of any class including the new class F ordinary shares within the limits of the authorised share
capital pursuant to the conditions laid down in Article 5.2 of the articles of association of the Company.

The Meeting noted based on the Attendance List and the Proxies that all the shareholders represented at the present

Meeting voted in favour of the present resolution so that the provisions of Articles 67-1 and 68 of the law of 10 August
1915 on commercial companies, as amended, and Article 27 of the articles of association of the Company have been
complied with.

There being no further item on the agenda, the Meeting was closed.

Expenses

The costs, expenses, remuneration or charges in any form whatsoever which shall be borne by the Company as a result

of the present deed are estimated at EUR 4,000.-.

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

these minutes are drafted in English followed by a French translation; at the request of the same appearing persons in case
of divergences between the English and French version, the English version will prevail.

Done in Luxembourg, on the day before mentioned.
After reading these minutes the members of the bureau signed together with the notary the present deed.

Suit la traduction française du texte qui précède:

(N.B. Pour des raisons techniques, la version française est publiée au Mémorial C-N° 1992 du 06 août 2015.)

Signé: F. FELTEN, A. PEL, C. DELVAUX.
Enregistré à Luxembourg, Actes Civils 1, le 06 mai 2015. Relation: 1LAC/2015/14077. Reçu soixante-quinze euros

(75,00 €).

Le Receveur (signé): Paul MOLLING.

POUR EXPEDITION CONFORME, délivrée aux fins de dépôt au Registre de Commerce et des Sociétés de Luxem-

bourg et aux fins de la publication au Mémorial C, Recueil des Sociétés et Associations.

Luxembourg, le 28 mai 2015.

Me Cosita DELVAUX.

Référence de publication: 2015078405/1672.
(150090161) Déposé au registre de commerce et des sociétés de Luxembourg, le 28 mai 2015.

WPS-Deutschland GMBH-Niederlassung Luxembourg, Succursale d'une société de droit étranger.

Adresse de la succursale: L-5450 Stadtbredimus, 6, rue Pierre Risch.

R.C.S. Luxembourg B 197.518.

STATUTEN

Auszug

Es geht aus dem Protokoll der Gesellschafterversammlung der Muttergesellschaft W.P.S DEUTSCHLAND GmbH vom

19.03.2015 hervor dass:

die Muttergesellschaft beschließt eine Zweigniederlassung in Luxemburg ab dem 01.04.2015 zu eröffnen
- Der Name der Zweigniederlassung lautet: WPS-DEUTSCHLAND GMBH-NIEDERLASSUNG LUXEMBOURG
- Adresse der Zweigniederlassung befindet sich in L-5450 Stadtbredimus, 6, rue Pierre Risch
- Die Tätigkeit der Zweigniederlassung ist: Planung, Montage und Wartung von Heizungs-, Klima- und Sanitäranlagen
- Der ständige Vertreter der Zweigniederlassung ist Herr Christoph Schmittberger, geboren am 11.12.1982 in Trier,

wohnhaft in D-54329 Konz, 36, Saartalstrasse

- Herr Christoph Schmittberger wird als Geschäftsführer für eine unbestimmte Dauer der Zweigniederlassung ernannt

und Ihm wird Einzelvertretungsberechtigung erteilt

- Die Muttergesellschaft befindet sich in D-66706 Perl, 2, Moselaue, eingetragen im Handelsregister B des Amtsgerichts

Saarbrücken unter der Nummer 18855

- Frau Martina Scherer, geboren am 21.08.1968 in Püttlingen (Deutschland), wohnhaft in D-66128 Saarbrücken, 3A,

am Sprinkhaus ist die Geschäftsführern und Einzelvertretungsberechtigte der Muttergesellschaft

Für gleichlautenden Auszug

Référence de publication: 2015088570/24.
(150100353) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 juin 2015.

Editeur:

Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg

Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck

95568

Document Outline

Almasa S.A.

Alter Domus Luxembourg S.à r.l.

Aqua 1 S.à r.l.

Barclays Pelleas Investments S.à r.l.

Beneshare Xpress Logistics (Luxembourg) S.A.

Bermuda Holdco Lux 3 S.à r.l.

Club Luxembourgeois pour la Propagation et l'Utilisation de Beauceron A.s.b.l.

Cobe S.à r.l.

EASA

Eden 2 & Cie S.C.A.

Elvith Investment Group

EMV Logistics S.à r.l.

Eneco S.A.

E.V.G. (Ergon Vehicle Gulliver) S.A.

Farrivulet Management S.A.

Financial Power Investment S.A.

FINANCIERE D'EVRY Spf S.A.

Financière du Champ de Mars S.A.

Findel Business Center West Side S.A.

FLE Property 6

Four Seasons Luxembourg S.à r.l.

Gemstone 4 S.à r.l.

Guardian Middle East & Africa SE

Hann Sarl

HayFin DLF LuxCo 1 S.à r.l.

HICL Infrastructure 1 S.à r.l.

Inter Ikea Holding S.A.

Landlake Invest S.à r.l.

La One S.A.

MACK SPF

NetOTC Holdings S.à r.l.

Ngam S.A.

NGG Natural Gas Generation AG

Nordbat S.A.

Novus Renovation S.à r.l.

OCM Luxembourg Coppice Midco S.à r.l.

Operauno S.A.

Pamiga Finance S.A.

Paol Ip Rights S.à r.l.

RREI FrenchCo S.à r.l.

Studio 7 S.à r.l.

Stunnersville S.à r.l. SPF

Wat & Ko S.A.

Windpower S.A.

WPS-Deutschland GMBH-Niederlassung Luxembourg

XGo

XTR Marketing S.à r.l.