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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° 2258

26 août 2015

SOMMAIRE

Arctic European Holding S.à r.l. . . . . . . . . . . .

108345

A.R.H. Investments . . . . . . . . . . . . . . . . . . . . . .

108344

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

108346

BC Solution Design s.à r.l. . . . . . . . . . . . . . . . .

108339

Bellaxa SICAV-FIS . . . . . . . . . . . . . . . . . . . . . .

108339

Bodycote Luxembourg Finance S.à r.l. . . . . . .

108338

Build Holding 2 S.à r.l. . . . . . . . . . . . . . . . . . . .

108339

Cactus S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108342

Café Academica S.à r.l. . . . . . . . . . . . . . . . . . . .

108341

Caiapo S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108342

Can Be Yours S.à r l. . . . . . . . . . . . . . . . . . . . . .

108341

Carlawat Investissement S.A. . . . . . . . . . . . . . .

108346

Carlton Participations S.A. . . . . . . . . . . . . . . . .

108340

CEP III Nelson Holding S.à r.l. . . . . . . . . . . . .

108347

Consult Redange S.A. . . . . . . . . . . . . . . . . . . . .

108345

ConZim Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108346

Creathor Venture Fund III Parallel (SCS) SI-

CAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108340

Creathor Venture Fund III (SCS) SICAR . . .

108340

Decennium Investments S.A. . . . . . . . . . . . . . .

108347

Développement Immo Redange S.A. . . . . . . . .

108347

DLJ Mojito Luxco 2 GP . . . . . . . . . . . . . . . . . .

108346

ECP Management . . . . . . . . . . . . . . . . . . . . . . .

108341

Elvi Luxco S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . .

108347

EMRI S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108347

Fiacre 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108342

Fibaco S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108343

Finarom S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

108343

Fiscal Reps . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

108343

FR Alfajor Holdings S.à r.l. . . . . . . . . . . . . . . .

108343

Gamma P.S. S.A. . . . . . . . . . . . . . . . . . . . . . . . .

108342

Gilavar International S.à r.l. . . . . . . . . . . . . . .

108344

G.Tech S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

108344

Karine B. Coiffure s.à r.l. . . . . . . . . . . . . . . . . .

108339

Kutten SARL . . . . . . . . . . . . . . . . . . . . . . . . . . .

108344

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

108344

Madrague Capital S.C.A. SICAV-SIF . . . . . . .

108345

Madrague Capital S.C.A. SICAV-SIF . . . . . . .

108341

Mag International Industrial Automation Sys-

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

108345

Mambow Shopping Centre Holdings S.à.r.l.

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

108350

Marsham Investissements S.A. . . . . . . . . . . . . .

108339

Mobile Challenger Group S.à r.l. . . . . . . . . . . .

108348

Nais Fund of Funds . . . . . . . . . . . . . . . . . . . . . .

108340

Neo Business Process Outsourcing S.à r.l. . . .

108341

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

108340

Objectware Luxembourg S.à r.l. . . . . . . . . . . .

108338

TPG Sol II S. à r.l. . . . . . . . . . . . . . . . . . . . . . . .

108338

UBS Luxembourg Financial Group Asset Ma-

nagement S.A. . . . . . . . . . . . . . . . . . . . . . . . . .

108338

Veräin fir Waldorfpädagogik Lëtzebuerg . . .

108338

108337

U X E M B O U R G

Veräin fir Waldorfpädagogik Lëtzebuerg, Association sans but lucratif.

Siège social: L-1147 Luxembourg, 45, rue de l'Avenir.

R.C.S. Luxembourg F 977.

Les statuts coordonnés au 8 juillet 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: 2015109828/9.
(150119415) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juillet 2015.

TPG Sol II S. à r.l., Société à responsabilité limitée.

Capital social: USD 79.500,00.

Siège social: L-2453 Luxembourg, 5, rue Eugène Ruppert.

R.C.S. Luxembourg B 165.919.

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.

Luxembourg, le 3 juillet 2015.

Référence de publication: 2015107112/10.
(150117775) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 juillet 2015.

UBS Luxembourg Financial Group Asset Management S.A., Société Anonyme.

Siège social: L-1855 Luxembourg, 33A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 125.851.

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

Luxembourg, le 3 juillet 2015.

Référence de publication: 2015107119/10.
(150117376) Déposé au registre de commerce et des sociétés de Luxembourg, le 6 juillet 2015.

Objectware Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-2418 Luxembourg, 5, rue de la Reine.

R.C.S. Luxembourg B 80.630.

Pour OBJECTWARE LUXEMBOURG SARL
Société à responsabilité limitée
FIDUCIAIRE DES P.M.E. SA

Référence de publication: 2015109606/12.
(150119051) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juillet 2015.

Bodycote Luxembourg Finance S.à r.l., Société à responsabilité limitée.

Capital social: EUR 17.360,00.

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

R.C.S. Luxembourg B 89.603.

Les comptes annuels arrêtés au 31 décembre 2014 ont été déposés au registre de commerce et des sociétés de Luxem-

bourg.

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

Luxembourg, le 03 juillet 2015.

Signature
Le mandataire

Référence de publication: 2015112117/13.
(150120417) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108338

U X E M B O U R G

Marsham Investissements S.A., Société Anonyme.

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

R.C.S. Luxembourg B 176.118.

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.

Signature.

Référence de publication: 2015108091/10.
(150117905) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

Karine B. Coiffure s.à r.l., Société à responsabilité limitée.

Siège social: L-3590 Dudelange, 13, Place de l'Hôtel de Ville.

R.C.S. Luxembourg B 150.908.

Signature.

Référence de publication: 2015108000/10.
(150118634) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

Bellaxa SICAV-FIS, Société Anonyme sous la forme d'une SICAV - Fonds d'Investissement Spécialisé.

Siège social: L-1445 Luxembourg, 4, rue Thomas Edison.

R.C.S. Luxembourg B 173.556.

Der Jahresabschluss vom 31. Dezember 2014 wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Für Bellaxa SICAV-FIS
DZ PRIVATBANK S.A.

Référence de publication: 2015112096/11.
(150119584) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

BC Solution Design s.à r.l., Société à responsabilité limitée.

Siège social: L-4552 Niederkorn, 64A, rue de l'Eglise.

R.C.S. Luxembourg B 174.785.

Extrait d'acte du 07.07.2015.

Changement de siège social
Le siège social de la société est désormais établi au 64A Rue de l'Eglise L-4552 NIEDERKORN

BOFFERDING Steve.

Référence de publication: 2015112105/11.
(150120259) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Build Holding 2 S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 155.385.

Luxembourg, le 08 juillet 2015.

Build Holding 2 S.à r.l.
Un mandataire

Référence de publication: 2015112104/12.
(150120286) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108339

U X E M B O U R G

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

Siège social: L-2352 Luxembourg, 4, rue Jean-Pierre Probst.

R.C.S. Luxembourg B 148.425.

Les comptes annuels de la société Nordson S.à r.l. au 31/10/2014 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: 2015108120/10.
(150117977) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

Nais Fund of Funds, Société d'Investissement à Capital Variable.

Siège social: L-2453 Luxembourg, 12, rue Eugène Ruppert.

R.C.S. Luxembourg B 129.301.

Un mandataire

Référence de publication: 2015108122/10.
(150117911) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

Creathor Venture Fund III (SCS) SICAR, Société en Commandite simple.

Siège social: L-1420 Luxembourg, 5, avenue Gaston Diderich.

R.C.S. Luxembourg B 155.812.

Pour Creathor Venture Fund III (SCS) SICAR
United International Management S.A.

Référence de publication: 2015111224/11.
(150119571) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Creathor Venture Fund III Parallel (SCS) SICAR, Société en Commandite simple.

Siège social: L-1420 Luxembourg, 5, avenue Gaston Diderich.

R.C.S. Luxembourg B 155.813.

Pour Creathor Venture Fund III Parallel (SCS) SICAR
United International Management S.A.

Référence de publication: 2015111225/11.
(150119597) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Carlton Participations S.A., Société Anonyme.

Siège social: L-1140 Luxembourg, 45-47, route d'Arlon.

R.C.S. Luxembourg B 134.882.

L'administrateur Monsieur Brunello DONATI démissionne de son mandat d'administrateur avec effet immédiat pour la

société CARLTON PARTICIPATIONS S.A. inscrit au Registre de Commerce et des Sociétés à Luxembourg sous n° B
13.4882.

Luxembourg, le 7 juillet 2015.

Benoy Kartheiser Management S.à r.l.

Référence de publication: 2015111236/12.
(150121009) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108340

U X E M B O U R G

Can Be Yours S.à r l., Société à responsabilité limitée.

Siège social: L-1258 Luxembourg, 4, rue Jean-Pierre Brasseur.

R.C.S. Luxembourg B 155.445.

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: 2015111234/9.
(150120186) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Café Academica S.à r.l., Société à responsabilité limitée.

Siège social: L-1260 Luxembourg, 27, rue de Bonnevoie.

R.C.S. Luxembourg B 67.263.

Les comptes annuels au 31 décembre 2013 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2015111229/10.
(150120397) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Neo Business Process Outsourcing S.à r.l., Société à responsabilité limitée.

Capital social: EUR 17.584,60.

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

R.C.S. Luxembourg B 129.466.

Luxembourg, le 3 juillet 2015.

Référence de publication: 2015108127/10.
(150118497) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

ECP Management, Société à responsabilité limitée.

Siège social: L-1855 Luxembourg, 35A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 152.304.

EXTRAIT

En date du 5 juin 2015, l'actionnaire unique a pris la résolution d'accepter la démission de Monsieur Alain Lam en tant

que gérant de la Société avec effet immédiat.

Pour extrait conforme.

Luxembourg, le 8 juillet 2015.

Référence de publication: 2015111323/12.
(150120411) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

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

d'Investissement Spécialisé.

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

R.C.S. Luxembourg B 165.559.

Les comptes annuels et l'affection du résultat 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.

Citco Fund Services (Luxembourg) S.A.
Signatures

Référence de publication: 2015112392/13.
(150120747) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108341

U X E M B O U R G

Caiapo S.A., Société Anonyme.

Siège social: L-2449 Luxembourg, 8, boulevard Royal.

R.C.S. Luxembourg B 118.162.

Signature.

Référence de publication: 2015111231/10.
(150120011) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Fiacre 3, Société à responsabilité limitée unipersonnelle.

Siège social: L-1480 Luxembourg, 8, boulevard Paul Eyschen.

R.C.S. Luxembourg B 147.545.

Les comptes annuels au 31 décembre 2013 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Document rectificatif:
L150051263
Déposé le 23/03/2015
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2015112159/13.
(150120490) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Gamma P.S. S.A., Société Anonyme.

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

R.C.S. Luxembourg B 143.420.

La Société a été constituée suivant acte notarié, publié au Mémorial C, Recueil des Sociétés et Associations n°3042 du

30 décembre 2008.

Les comptes annuels audités au 31 décembre 2013, ainsi que les informations et documents annexes 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 30 juin 2015.

Signature
Un mandataire

Référence de publication: 2015112209/15.
(150119967) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Cactus S.A., Société Anonyme Unipersonnelle.

Siège social: L-8050 Bertrange, route d'Arlon, Belle Etoile.

R.C.S. Luxembourg B 65.282.

Extrait de la réunion du conseil d’administration de la société anonyme Cactus S.A. tenue au siège social en date du 1

er

juillet 2015 à 10 hrs

le Conseil d’Administration de la Société Anonyme CACTUS S.A. acte, la démission avec effet immédiat, de Monsieur

Jean-Pierre dit "John" Wirtz, délégué à la gestion journalière pour la société CACTUS S.A.

Bertrange, le 1

juillet 2015.

Pour extrait conforme
CACTUS S.A.
Maximilien LEESCH
Administrateur-Délégué

Référence de publication: 2015111228/16.
(150120474) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108342

U X E M B O U R G

Finarom S.A., Société Anonyme.

Siège social: L-8070 Bertrange, 10B, rue des Mérovingiens.

R.C.S. Luxembourg B 116.323.

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: 2015112171/9.
(150119951) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Fiscal Reps, Société à responsabilité limitée.

Siège social: L-8308 Capellen, 75, Parc d'Actvités.

R.C.S. Luxembourg B 109.563.

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: 2015112175/9.
(150120102) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Fibaco S.A., Société Anonyme.

Siège social: L-1255 Luxembourg, 48, rue de Bragance.

R.C.S. Luxembourg B 40.855.

Signature.

Référence de publication: 2015112160/10.
(150119641) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

FR Alfajor Holdings S.à r.l., Société à responsabilité limitée.

Capital social: EUR 100.000,00.

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

R.C.S. Luxembourg B 163.812.

Extrait des résolutions de l'associé unique datées du 1

er

juillet 2015

En date du 1

juillet 2015, l'associé unique de la Société a décidé comme suit:

- d'accepter la démission de Alexander D. Williams en tant que gérant de la classe A de la Société et ce avec effet au 30

juin 2015.

- d'accepter la démission de Cristina Lara Pinheiro en tant que gérant de la classe B de la Société et ce avec effet au 1

juillet 2015.

Le conseil de gérance de la Société se compose désormais comme suit:

Gérants de la classe A:

- Daren Schneider
- Matthew Raben

Gérants de la classe B:

- Intertrust Management (Luxembourg) S. à r.l.
- Hille-Paul Schut
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 7 juillet 2015.

Pour Intertrust (Luxembourg) S.à.r.l.
Joanna Casoli Compe
Mandataire

Référence de publication: 2015112181/26.
(150120217) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108343

U X E M B O U R G

G.Tech S.à r.l., Société à responsabilité limitée unipersonnelle.

Siège social: L-5714 Aspelt, 25, Um Hongerbuer.

R.C.S. Luxembourg B 186.684.

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: 2015112182/9.
(150120112) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Kutten SARL, Société à responsabilité limitée.

Siège social: L-5691 Ellange, 49, Zone Artisanale Triangel Vert.

R.C.S. Luxembourg B 157.357.

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 6/7/2015.

Référence de publication: 2015108028/10.
(150117898) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

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

Siège social: L-1473 Luxembourg, 7, rue Jean-Baptiste Esch.

R.C.S. Luxembourg B 162.764.

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

Mandataire

Référence de publication: 2015108039/10.
(150117931) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 juillet 2015.

A.R.H. Investments, Société à responsabilité limitée.

Siège social: L-1255 Luxembourg, 48, rue de Bragance.

R.C.S. Luxembourg B 180.051.

Le bilan consolidé de la société Anglo American plc au 31 décembre 2014 a été déposé au registre de commerce et des

sociétés de Luxembourg.

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

Luxembourg, le 29 juin 2015.

Référence de publication: 2015111976/11.
(150119625) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Gilavar International S.à r.l., Société à responsabilité limitée.

Siège social: L-3364 Leudelange, 1, rue de la Poudrerie.

R.C.S. Luxembourg B 198.128.

Suite à des changements d'adresse d'associés, il convient de modifier les informations suivantes pour:
- IK Small Cap Fund I N°. 1 SCSp ayant pour nouvelle adresse 1, rue de la Poudrerie, L-3364 Leudelange;
- IK Small Cap Fund I N°.2 SCSp ayant pour nouvelle adresse 1, rue de la Poudrerie, L-3364 Leudelange;
- IK Small Cap Fund I N°.3 SCSp ayant pour nouvelle adresse 1, rue de la Poudrerie, L-3364 Leudelange;
- IK Small Cap Fund I N°.4 SCSp ayant pour nouvelle adresse 1, rue de la Poudrerie, L-3364 Leudelange.

Pour la société
Un mandataire

Référence de publication: 2015112188/14.
(150120177) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108344

U X E M B O U R G

Arctic European Holding S.à r.l., Société à responsabilité limitée.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 150.235.

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: 2015109910/9.
(150118479) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juillet 2015.

Consult Redange S.A., Société Anonyme.

Siège social: L-8506 Redange-sur-Attert, 30, rue de Niederpallen.

R.C.S. Luxembourg B 172.751.

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

Luxembourg, le 7 juillet 2015.

GERARD Rachel.

Référence de publication: 2015111220/10.
(150120030) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Mag International Industrial Automation Systems S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1471 Luxembourg, 412F, route d'Esch.

R.C.S. Luxembourg B 107.262.

EXTRAIT

En date du 25 juin 2015, l'associé unique de la Société a nommé Reiner Beutel, né le 30 juin 1959 à Marbach am Neckar,

Allemagne, demeurant à 23 Lindenstrasse, 71634, Ludwigsburg, Allemagne avec effet au 25 juin 2015 et pour une durée
indéterminée.

Suite à ce changement, le conseil de gérance de la Société est désormais composé comme suit:
- Moshe Israel Meidar, et
- Reiner Beutel.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 7 juillet 2015.

Référence de publication: 2015112394/17.
(150120180) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

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

d'Investissement Spécialisé.

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

R.C.S. Luxembourg B 165.559.

Extrait des décisions prises en Assemblée Générale Annuelle des Actionnaires de la Société tenue le 29 juin 2015

Il a été décidé comme suit:
- de renouveler le mandat du Réviseur d'entreprise de la Société pour un terme expirant à l'Assemblée Générale Annuelle

qui se tiendra en 2016.

Le Réviseur d'entreprise de la Société est:
dénomination ou raison sociale
Deloitte Audit

Luxembourg, le 29 juin 2015.

Citco Fund Services (Luxembourg) S.A.
John Christian

Référence de publication: 2015112391/18.
(150120746) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

108345

U X E M B O U R G

ConZim Sàrl, Société à responsabilité limitée.

Siège social: L-1232 Howald, 141, rue Ernest Beres.

R.C.S. Luxembourg B 138.442.

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

Mandataire

Référence de publication: 2015111221/10.
(150120584) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Autumnleaf S. à r.l., Société à responsabilité limitée soparfi.

Capital social: USD 20.000,00.

Siège social: L-1855 Luxembourg, 44, avenue John Fitzgerald Kennedy.

R.C.S. Luxembourg B 138.095.

Luxembourg, le 6 juillet 2015.

Référence de publication: 2015109917/10.
(150118866) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juillet 2015.

DLJ Mojito Luxco 2 GP, Société à responsabilité limitée.

Capital social: EUR 12.500,00.

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

R.C.S. Luxembourg B 139.422.

Extrait des résolutions écrites prises par les actionnaires en date du 8 juillet 2015

Les actionnaires de la Société ont décidé de révoquer le mandat du reviseur d'entreprises agrée, KPMG Luxembourg

ayant son siège social au 9 Allée Scheffer, L-2520 Luxembourg, pour l'année 2014.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2015111296/12.
(150120848) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Carlawat Investissement S.A., Société Anonyme.

Siège social: L-2420 Luxembourg, 15, avenue Emile Reuter.

R.C.S. Luxembourg B 93.205.

Extrait du Procès-Verbal de l'Assemblée Générale Ordinaire tenue le 04 mai 2015

Deuxième résolution

Les mandats des Administrateurs et du Commissaire étant arrivés à échéance à l'issue de la présente Assemblée, l'As-

semblée Générale décide de renouveler avec effet immédiat le mandat d'Administrateur et de Président du Conseil
d'Administration de Monsieur Claude SCHMITZ, Conseiller fiscal, né à Luxembourg le 23/09/1955, domicilié profes-
sionnellement à Luxembourg au 2, Avenue Charles de Gaulle L-1653 Luxembourg , le mandat d'Administrateur de
Monsieur Pierre LENTZ, Expert-comptable, né à Luxembourg le 22.04.1959, domicilié professionnellement à Luxembourg
au 2, Avenue Charles de Gaulle L-1653 Luxembourg; Monsieur Gerdy ROOSE, Expert-comptable, né à Wevelgem (Bel-
gique) le 14.02.1966, domicilié professionnellement à Luxembourg au 2, Avenue Charles de Gaulle L-1653 Luxembourg,
ainsi que celui de Commissaire de la société AUDIEX S.A., ayant son siège social au 9, Rue du Laboratoire, L-1911
Luxembourg, immatriculée au Registre du Commerce et des Sociétés de Luxembourg sous la section B et le numéro 65.469,
pour une nouvelle période de six ans jusqu'à l'issue de l'Assemblée Générale Statutaire annuelle qui se tiendra en 2021.

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

CARLAWAT INVESTISSEMENT S.A.
Société Anonyme

Référence de publication: 2015111235/22.
(150120610) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

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U X E M B O U R G

Développement Immo Redange S.A., Société Anonyme.

Siège social: L-8506 Redange-sur-Attert, 30, rue de Niederpallen.

R.C.S. Luxembourg B 172.749.

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

Luxembourg, le 30 avril 2015.

GERARD Rachel.

Référence de publication: 2015111278/10.
(150119966) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Decennium Investments S.A., Société Anonyme.

Siège social: L-1255 Luxembourg, 48, rue de Bragance.

R.C.S. Luxembourg B 101.679.

Signature.

Référence de publication: 2015111282/10.
(150119643) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

Elvi Luxco S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1246 Luxembourg, 2C, rue Albert Borschette.

R.C.S. Luxembourg B 143.943.

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.

Pour Elvi Luxco S.à r.l.
Un Mandataire

Référence de publication: 2015111305/11.
(150120562) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

EMRI S.A., Société Anonyme.

Siège social: L-8041 Strassen, 65, rue des Romains.

R.C.S. Luxembourg B 64.482.

Les comptes annuels du 1

janvier 2014 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.

Signature.

Référence de publication: 2015111331/11.
(150120246) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

CEP III Nelson Holding S.à r.l., Société à responsabilité limitée.

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

R.C.S. Luxembourg B 191.908.

Luxembourg, le 08 juillet 2015.

CEP III Nelson Holding S.à r.l.
Un mandataire

Référence de publication: 2015111246/12.
(150120289) Déposé au registre de commerce et des sociétés de Luxembourg, le 9 juillet 2015.

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U X E M B O U R G

Mobile Challenger Group S.à r.l., Société à responsabilité limitée.

Capital social: CHF 19.071.750,00.

Siège social: L-2163 Luxembourg, 20, avenue Monterey.

R.C.S. Luxembourg B 155.660.

EXTRAIT

Suite à une assemblée générale des associés de la Société en date du 19 Juin 2015, la Société a racheté 190.717.502

parts sociales de classes J.

Dès lors les associés de la Société détiennent les parts sociales de la Société de la manière suivante:
CVC European Equity V Limited, agissant comme general partner au nom et pour compte de CVC European Equity

Partners V (A) L.P.:

41.122.720 parts sociales de classe A
41.122.722 parts sociales de classe B
41.122.722 parts sociales de classe C
41.122.722 parts sociales de classe D
41.122.722 parts sociales de classe E
41.122.722 parts sociales de classe F
41.122.722 parts sociales de classe G
41.122.722 parts sociales de classe H
41.122.722 parts sociales de classe I
CVC European Equity V Limited, agissant comme general partner au nom et pour compte de CVC European Equity

Partners V (B) L.P.:

40.956.113 parts sociales de classe A
40.956.112 parts sociales de classe B
40.956.112 parts sociales de classe C
40.956.112 parts sociales de classe D
40.956.112 parts sociales de classe E
40.956.112 parts sociales de classe F
40.956.112 parts sociales de classe G
40.956.112 parts sociales de classe H
40.956.112 parts sociales de classe I
CVC European Equity V Limited, agissant comme general partner au nom et pour compte de CVC European Equity

Partners V (C) L.P.:

43.110.069 parts sociales de classe A
43.110.071 parts sociales de classe B
43.110.071 parts sociales de classe C
43.110.071 parts sociales de classe D
43.110.071 parts sociales de classe E
43.110.071 parts sociales de classe F
43.110.071 parts sociales de classe G
43.110.071 parts sociales de classe H
43.110.071 parts sociales de classe I
CVC European Equity V Limited, agissant comme general partner au nom et pour compte de CVC European Equity

Partners V (D) L.P.:

3.062.553 parts sociales de classe A
3.062.558 parts sociales de classe B
3.062.558 parts sociales de classe C
3.062.558 parts sociales de classe D
3.062.558 parts sociales de classe E
3.062.558 parts sociales de classe F
3.062.558 parts sociales de classe G
3.062.558 parts sociales de classe H
3.062.558 parts sociales de classe I

108348

U X E M B O U R G

CVC European Equity V Limited, agissant comme general partner au nom et pour compte de CVC European Equity

Partners V (E) L.P.:

3.416.488 parts sociales de classe A
3.416.492 parts sociales de classe B
3.416.492 parts sociales de classe C
3.416.492 parts sociales de classe D
3.416.492 parts sociales de classe E
3.416.492 parts sociales de classe F
3.416.492 parts sociales de classe G
3.416.492 parts sociales de classe H
3.416.492 parts sociales de classe I
CVC European Equity Tandem GP Limited, agissant comme general partner au nom et pour compte de CVC European

Equity Partners Tandem Fund (A) L.P.:

28.122.718 parts sociales de classe A
28.122.722 parts sociales de classe B
28.122.722 parts sociales de classe C
28.122.722 parts sociales de classe D
28.122.722 parts sociales de classe E
28.122.722 parts sociales de classe F
28.122.722 parts sociales de classe G
28.122.722 parts sociales de classe H
28.122.722 parts sociales de classe I
CVC European Equity Tandem GP Limited, agissant comme general partner au nom et pour compte de CVC European

Equity Partners Tandem Fund (B) L.P.:

28.062.353 parts sociales de classe A
28.062.357 parts sociales de classe B
28.062.357 parts sociales de classe C
28.062.357 parts sociales de classe D
28.062.357 parts sociales de classe E
28.062.357 parts sociales de classe F
28.062.357 parts sociales de classe G
28.062.357 parts sociales de classe H
28.062.357 parts sociales de classe I
CVC European Equity Tandem GP Limited, agissant comme general partner au nom et pour compte de CVC European

Equity Partners Tandem Fund (C) L.P.:

2.864.468 parts sociales de classe A
2.864.468 parts sociales de classe B
2.864.468 parts sociales de classe C
2.864.468 parts sociales de classe D
2.864.468 parts sociales de classe E
2.864.468 parts sociales de classe F
2.864.468 parts sociales de classe G
2.864.468 parts sociales de classe H
2.864.468 parts sociales de classe I
Mobile Challenger Group S.à r.l.
190.717.502 parts sociales de classe J
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Fait à Luxembourg, le 06 July 2015.

Pour la société
T. Morana
Gérant

Référence de publication: 2015109541/107.
(150119300) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 juillet 2015.

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U X E M B O U R G

Mambow Shopping Centre Holdings S.à.r.l., Société à responsabilité limitée.

Capital social: GBP 16.300,00.

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

R.C.S. Luxembourg B 196.881.

In the year two thousand and fifteen, on the twenty-fifth day of June,
before Maître Léonie GRETHEN, notary residing in Luxembourg (Grand-Duchy of Luxembourg).

Appeared:

1. ICG-Longbow Equity Investments No.4 S.à r.l. a private limited liability company (société à responsabilité limitée)

incorporated and existing under the laws of Grand-Duchy of Luxembourg, with registered office at 2, Boulevard Konrad
Adenauer, L-1115 Luxembourg, having a share capital amounting to GBP 11,000.-, registered with the Luxembourg Trade
and Companies Register under number B 195089 ("ICGL");

2. M&M RETAIL PORTFOLIO LLP, a limited liability partnership existing under the laws of England and Wales, with

registered office at 4

Floor, 2 Brook Street, London W1S 1BQ (United Kingdom) and registered with the Companies

House under number OC335196 (“M&M”);

3. Cool Investments Limited, a limited liability company existing under the laws of England and Wales, with registered

office at 4

Floor, 2 Brook Street, London W1S 1BQ (United Kingdom) and registered with the Companies House under

number 08319509 ("Cool");

4. Etchingham Investments Limited, a limited liability company existing under the laws of England and Wales, with

registered office at 4

Floor, 2 Brook Street, London W1S 1BQ (United Kingdom) and registered with the Companies

House under number 08319336 ("Etchingham");

5. Anglezark Limited, a limited liability company existing under the laws of England and Wales, with registered office

at 4

Floor, 2 Brook Street, London W1S 1BQ (United Kingdom) and registered with the Companies House under number

08317985 ("Anglezark"); and

6. Mr Matthew Kelly residing in The Shearings, Shepherds Lane, Hurley, Berkshire SL6 5NG (United Kingdom)

(“MK”);

All the abovementioned appearing persons were represented by Mr. Mustafa NEZAR, notary's clerk, with professional

address in Luxembourg, by virtue of six proxies, which, after having been signed ne varietur by the proxyholder and the
undersigned notary, shall be annexed to the present deed for the purpose of registration.

ICGL and M&M, represented as above stated, declared that, at the date of the present deed, they hold all the shares

issued by Mambow Shopping Centre Holdings S.à r.l., a private limited liability company (société à responsabilité limitée)
incorporated under the laws of the Grand Duchy of Luxembourg by a notarial deed enacted by Maître Léonie Grethen,
notary, residing in Luxembourg, Grand Duchy of Luxembourg, dated 6 May 2015, in the course of being published in the
Mémorial C, Recueil des Sociétés et Associations, with registered office at 20, rue de la Poste, L-2346 Luxembourg and
registered with the Luxembourg Trade and Companies' Register under number B 196881 (the " Company").

The articles of association of the Company have not been amended since the incorporation.

Share transfer

ICGL, M&M, Cool, Etchingham, Anglezark and MK represented as above stated, asked the undersigned notary to

document the following:

ICGL sold and transferred one share (the "Share"), with a nominal value of one Pound Sterling (GBP 1.-) in the Company

to Cool for a purchase price of one Pound Sterling (GBP 1.-) (the "Sale").

ICGL, represented as above stated, declared that it is the sole holder of the Share and that there exists no impediment

to the transfer of such Share.

Cool, represented as above stated, agreed to acquire the Share and to fully pay the Share in cash.
M&M, represented as above stated, agreed on the sale of the Share by ICGL to Cool in accordance with article 189 of

the Luxembourg Act of 10 August 1915 on commercial companies.

Following the Sale, ICGL held thirteen thousand eight hundred and seventy-four (13,874) shares with a nominal value

of one Pound Sterling (GBP 1.-) each in the Company, M&M held nine hundred and twenty-five (925) shares with a nominal
value of one Pound Sterling (GBP 1.-) in the Company and Cool held one (1) share with a nominal value of one Pound
Sterling (GBP 1.-) in the share capital of the Company (Cool, together with ICGL and M&M, being hereafter referred to
as the "Shareholders").

The Shareholders, represented as above stated, then deliberated on the following agenda:

Agenda

1. To convert the existing fourteen thousand eight hundred (14,800) shares having a nominal value of one Pound Sterling

(GBP 1.-) each issued by the Company into (i) thirteen thousand eight hundred and seventy-four (13,874) class A shares

108350

U X E M B O U R G

with a par value of one Pound Sterling (GBP 1.-) each held by ICG-Longbow Equity Investments No.4 S.à r.l., (ii) one (1)
class B share with a par value of one Pound Sterling (GBP 1.-) held by Cool Investments Limited, (iii) six hundred (600)
class C shares with a par value of one Pound Sterling (GBP 1.-) each held by M&M Retail Portfolio LLP and, (iv) three
hundred and twenty-five (325) class D shares with a par value of one Pound Sterling (GBP 1.-) each held by M&M Retail
Portfolio LLP.

2. To increase the Company's share capital by an amount of one thousand five hundred Pound Sterlings (GBP 1,500.-),

so as to raise it from its current amount of fourteen thousand eight hundred Pound Sterlings (GBP 14,800.-) to an amount
of sixteen thousand three hundred Pound Sterlings (GBP 16,300.-), by the issue of (i) one (1) class A shares with a par
value of one Pound Sterling (GBP 1.-), (ii) nine hundred and twenty-four (924) class B share with a par value of one Pound
Sterling (GBP 1.-), (iii) one hundred and fifty (150) class C shares with a par value of one Pound Sterling (GBP 1.-) each
and, (iv) four hundred and twenty-five (425) class D shares with a par value of one Pound Sterling (GBP 1.-) each, having
the rights and privileges as set forth in the Company's revised articles of association to be approved under item 9 of the
present agenda and to be paid up in full.

3. To accept the subscription by ICG-Longbow Equity Investments No.4 S.à r.l. to one (1) new class A share with a par

value of one Pound Sterling (GBP 1.-) and fully pay up such new class A share as well as a share premium amount of two
hundred fifteen thousand five hundred and twenty-five Pound Sterlings (GBP 215,525.-) by a contribution in cash of two
hundred and fifteen thousand five hundred and twenty-six Pound Sterlings (GBP 215,526.-).

4. To accept the subscription by M&M Retail Portfolio LLP to two hundred and seventy-five (275) new class D shares

with a par value of one Pound Sterling (GBP 1.-) and fully pay up such new class D share as well as a share premium
amount of nine hundred and twenty-five Pound Sterlings (GBP 925.-) by a contribution in cash of one thousand two hundred
Pound Sterlings (GBP 1,200.-).

5. To accept the subscription by Cool Investments Limited to three hundred and sixty-nine (369) new class B shares

with a par value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class B shares as well as a share premium
amount of five thousand three hundred and seventy eight Pound Sterlings and twenty pence (GBP 5,378.20) by a contri-
bution in cash of five thousand seven hundred and forty seven Pound Sterlings and twenty pence (GBP 5,747.20).

6. To accept the subscription by Etchingham Investments Limited to three hundred and seventy (370) new class B shares

with a par value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class B shares as well as a share premium
amount of five thousand three hundred and seventy seven Pound Sterlings and twenty pence (GBP 5,377.20) by a contri-
bution in cash of five thousand seven hundred and forty seven Pound Sterlings and twenty pence (GBP 5,747.20).

7. To accept the subscription by Anglezark Limited to one hundred and eightyfive (185) new class B shares with a par

value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class B shares as well as a share premium amount
of two thousand six hundred and eighty-eight Pound Sterlings and sixty pence (GBP 2,688.60) by a contribution in cash
of two thousand eight hundred and seventy-three Pound Sterlings and sixty pence (GBP 2,873.60).

8. To accept the subscription by Mr Matthew Kelly to one hundred and fifty (150) new class C shares and one hundred

and fifty (150) new class D shares with a par value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class
C and class D shares by a contribution in cash of three hundred Pound Sterlings (GBP 300).

9. To amend the corporate object of the Company.
10. To fully restate the articles of association of the Company.
11. To requalify Luxembourg Corporation Company S.A., a public limited liability incorporated and existing under the

laws of Luxembourg, with registered office at 20, Carre Bonn, rue de la Poste, L - 2346 Luxembourg and registered with
the Luxembourg Trade and Companies Register under number B 37974 as a new class B manager of the Company with
immediate effect and to confirm its mandate until the date of the annual general meeting of the Company to be held in
2016.

12. To appoint T.C.G. Gestion S.A., a public limited liability incorporated and existing under the laws of Luxembourg,

with registered office at 20, Carre Bonn, rue de la Poste, L-2346 Luxembourg and registered with the Luxembourg Trade
and Companies Register under number B 67822 as a new class A manager of the Company with immediate effect until the
date of the annual general meeting of the Company to be held in 2016.

13. To appoint CMS Management Services S.A., a public limited liability incorporated and existing under the laws of

Luxembourg, with registered office at 20, Carre Bonn, rue de la Poste, L-2346 Luxembourg and registered with the Lu-
xembourg Trade and Companies Register under number B 81525 as a new class A manager of the Company with immediate
effect until the date of the annual general meeting of the Company to be held in 2016.

14. Miscellaneous.
After deliberation, the Shareholders then adopted, the following resolutions each time by unanimous vote:

First resolution

The Shareholders resolved to convert the existing fourteen thousand eight hundred (14,800) shares having a nominal

value of one Pound Sterling (GBP 1.-) each issued by the Company into (i) thirteen thousand eight hundred and seventy-
four (13,874) class A shares with a par value of one Pound Sterling (GBP 1.-) each held by ICG-Longbow Equity
Investments No.4 S.à r.l., (ii) one (1) class B share with a par value of one Pound Sterling (GBP 1.-) held by Cool Investments

108351

U X E M B O U R G

Limited, (iii) six hundred (600) class C shares with a par value of one Pound Sterling (GBP 1.-) each held by M&M and,
(iv) three hundred and twenty-five (325) class D shares with a par value of one Pound Sterling (GBP 1.-) each held by
M&M Retail Portfolio LLP, having the rights and privileges as set forth in the Company's revised articles of association
to be approved under the fourth resolution below.

Second resolution

The Shareholders resolved to increase the share capital of the Company by an amount of one thousand five hundred

Pound Sterlings (GBP 1,500.-), so as to raise it from its current amount of fourteen thousand eight hundred Pound Sterlings
(GBP 14,800.-) to an amount of sixteen thousand three hundred Pound Sterlings (GBP 16,300.-), by the issue of (i) one (1)
class A shares with a par value of one Pound Sterling (GBP 1.-), (ii) nine hundred and twenty-four (924) class B share with
a par value of one Pound Sterling (GBP 1.-), (iii) one hundred and fifty (150) class C shares with a par value of one Pound
Sterling (GBP 1.-) each and, (iv) four hundred and twenty-five (425) class D shares with a par value of one Pound Sterling
(GBP 1.-) each, having the rights and privileges as set forth in the Company's revised articles of association to be approved
under the fourth resolution below and to be paid up in full.

Subscription - Payment

Thereupon, now appeared Mr Mustafa NEZAR, prenamed, acting in his capacity as duly authorized agent and attorney

in fact of the mentioned principals, by virtue of the above mentioned proxies.

1. The person appearing declared to subscribe in the name and on behalf of ICGLongbow Equity Investments No.4 S.à

r.l. to one (1) new class A share with a par value of one Pound Sterling (GBP 1.-) and to fully pay up such new class A
share as well as a share premium amount of two hundred and fifteen thousand five hundred and twenty-five Pound Sterlings
(GBP 215,525.-) by a contribution in cash of two hundred and fifteen thousand five hundred and twenty-six Pound Sterlings
(GBP 215,526.-).

2. The person appearing declared to subscribe in the name and on behalf of M&M to two hundred and seventy-five

(275) new class D shares with a par value of one Pound Sterling (GBP 1.-) and fully pay up such new class D share as well
as a share premium amount of nine hundred and twenty-five Pound Sterlings (GBP 925.-) by a contribution in cash of one
thousand two hundred Pound Sterlings (GBP 1,200.-).

3. The person appearing declared to subscribe in the name and on behalf of Cool to three hundred and sixty-nine (369)

new class B shares with a par value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class B shares as well
as a share premium amount of five thousand three hundred and seventy eight Pound Sterlings and twenty pence (GBP
5,378.20) by a contribution in cash of five thousand seven hundred and forty seven Pound Sterlings and twenty pence (GBP
5,747.20).

4. The person appearing declared to subscribe in the name and on behalf of Etchingham to three hundred and seventy

(370) new class B shares with a par value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class B shares
as well as a share premium amount of five thousand three hundred and seventy seven Pound Sterlings and twenty pence
(GBP 5,377.20) by a contribution in cash of five thousand seven hundred and forty seven Pound Sterlings and twenty pence
(GBP 5,747.20).

5. The person appearing declared to subscribe in the name and on behalf of Anglezark to one hundred and eighty-five

(185) new class B shares with a par value of one Pound Sterling (GBP 1.-) each, and fully pay up such new class B shares
as well as a share premium amount of two thousand six hundred and eighty-eight Pound Sterlings and sixty pence (GBP
2,688.60) by a contribution in cash of two thousand eight hundred and seventy-three Pound Sterlings and sixty pence (GBP
2,873.60).

6. The person appearing declared to subscribe in the name and on behalf of Mr Matthew Kelly to one hundred and fifty

(150) new class C shares and one hundred and fifty (150) new class D shares with a par value of one Pound Sterling (GBP
1.-) each, and fully pay up such new class C and class D shares by a contribution in cash of three hundred Pound Sterlings
(GBP 300).

Evidence of the payment of the mentioned contributions of cash has been given to the notary.
Thereupon the Shareholders resolved to accept the above-mentioned subscriptions of the newly issued shares.

Third resolution

The Shareholders including the above mentioned new subscribers, represented as above stated, unanimously resolved

to amend the corporate object of the Company, which shall now read as follow:

"The object of the Company (the "Business") is the direct and indirect acquisition and holding of stakes, in any form

whatsoever, in Luxembourg and/or foreign undertakings, as well as the administration, development and management of
such stakeholdings.

This includes without limitation the investment in, acquisition and disposal of, grant or issuance (without a public

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whether readily marketable or not, as well as obligations (including without limitation synthetic securities obligations) in
any type of company, entity or other legal person.

The Company may also use its funds to invest in real estate, intellectual property rights or any other movable or im-

movable asset in any form or of any kind.

The Company may grant pledges, guarantees, liens, mortgages and any other form of security as well as any form of

indemnity, to Luxembourg or foreign entities, in respect of its own obligations and debts.

The Company shall acquire, via its subsidiaries, operate and manage one or more Properties which meet the Investment

Criteria. The Company shall undertake such other actions, matters or things as may be necessary to achieve, or are incidental,
or conducive to, its corporate object including, without limitation, entering into the Asset Management Agreement, third
party property management agreements and Third Party Finance arrangements with one or more banks or other financial
institutions.

The Company may also provide assistance in any form (including without limitation the extension of advances, loans,

money deposits and credit as well as the provision of pledges, guarantees, liens, mortgages and any other form of security)
to the Company's subsidiaries. On a more occasional basis, the Company may provide the same type of assistance to
undertakings that form part of the same group to which the Company belongs or to third parties, provided that doing so is
in the Company's interest and does not trigger any license requirements.

In general, the Company may carry out any commercial, industrial or financial transactions and engage in such other

activities as it deems necessary, advisable, convenient, incidental to, or not inconsistent with, the accomplishment and
development of its corporate purpose.

Notwithstanding the foregoing, the Company shall not enter into any transaction that would cause it to be engaged in a

regulated activity or one that requires the Company to have a license."

Fourth resolution

The Shareholders including the above mentioned new subscribers, represented as above stated, unanimously resolved

to fully restate the articles of association of the Company, without amending the corporate object, which shall now read as
follows:

"Form, Name, Registered office, Object, Duration

1. Form.
1.1 The following company exists under the form of a private limited liability company ("société à responsabilité

limitée") (the "Company") governed by the laws of the Grand Duchy of Luxembourg, notably the Act of 10 August 1915
on commercial companies, as amended (the "Act"), Article 1832 of the Luxembourg Civil Code, as amended, and the
present articles of incorporation (the "Articles").

1.2 The Company may have one sole shareholder or several shareholders, provided that the number of shareholders

does not exceed forty (40).

2. Company name.
2.1 The Company exists under the name "MAMBOW Shopping Centre Holdings S.à r.l.".

3. Registered office.
3.1 The Company has its registered office in the city of Luxembourg.
3.2 The Board is authorised to change the address of the Company's registered office within the municipality of the

Company's registered office.

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

the Board.

3.4 In the event that, in the opinion of the Board, extraordinary political, economic or social developments occur or are

imminent which would interfere with the normal activities of the Company at its registered office or with the ease of
communications with the said office or between the said office and persons abroad, it may temporarily transfer the registered
office abroad, until the end of these abnormal circumstances. Such temporary measures will have no effect on the nationality
of the Company which, notwithstanding the temporary transfer of the registered office, will remain a company governed
by the laws of the Grand Duchy of Luxembourg.

4. Object. The object of the Company (the "Business") is the direct and indirect acquisition and holding of stakes, in

any form whatsoever, in Luxembourg and/or foreign undertakings, as well as the administration, development and mana-
gement of such stakeholdings.

This includes without limitation the investment in, acquisition and disposal of, grant or issuance (without a public

offering) of preferred equity certificates, loans, bonds, notes, debentures and other debt instruments, shares, warrants and
other equity instruments or rights, including without limitation, shares of capital stock, limited partnership interests, limited-
liability company interests, preferred stock, securities and swaps, and any combination of the foregoing, in each case
whether readily marketable or not, as well as obligations (including without limitation synthetic securities obligations) in
any type of company, entity or other legal person.

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The Company may also use its funds to invest in real estate, intellectual property rights or any other movable or im-

movable asset in any form or of any kind.

The Company may grant pledges, guarantees, liens, mortgages and any other form of security as well as any form of

indemnity, to Luxembourg or foreign entities, in respect of its own obligations and debts.

The Company shall acquire, via its subsidiaries, operate and manage one or more Properties which meet the Investment

The Company may also provide assistance in any form (including without limitation the extension of advances, loans,

In general, the Company may carry out any commercial, industrial or financial transactions and engage in such other

activities as it deems necessary, advisable, convenient, incidental to, or not inconsistent with, the accomplishment and
development of its corporate purpose.

Notwithstanding the foregoing, the Company shall not enter into any transaction that would cause it to be engaged in a

regulated activity or one that requires the Company to have a license.

5. Duration. The Company is established for an indefinite period of time.

Share capital, Transfer of shares

6. Share capital.
6.1 The share capital of the Company amounts to sixteen thousand three hundred Pound Sterlings (GBP 16,300.-),

divided into thirteen thousand eight hundred and seventy-five (13,875) class A shares (the "A Shares"), nine hundred and
twenty-five (925) class B shares (the "B Shares" and together with the A Shares being hereafter referred to as the "Shares"),
seven hundred and fifty (750) class C shares (the "C Promote Shares") and seven hundred and fifty (750) class D shares
(the "D Promote Shares" and together with the C Promote Shares being hereafter referred to as the "Promote Shares")
having a par value of one British pound (GBP 1) each.

6.2 In addition to the share capital, the Company shall maintain a share premium account. Any premium paid on shares

in addition to the par value must be transferred into this share premium account. The funds of the share premium account
may be used by the Company to redeem the Company's own shares from the Company's shareholders (the "Shareholder
(s)"), to offset any net realised losses, to make distributions to Shareholders or to allocate funds to the legal reserve.

6.3 In addition to the share capital and share premium account, the Company may maintain a capital contribution account

115 (compte 115 «Apport en capitaux propres non rémunéré par des titres») on which the Company shall allocate any
capital contributions to the Company which will be made without issue by the Company of any new shares in consideration
for the relevant contribution.

6.4 The Company may only acquire its own shares in accordance with the terms of article 9.3 subject to their immediate

cancellation.

7. Shares.
7.1 All shares will be and remain in registered form.
7.2 Ownership of a share carries implicit acceptance of these Articles and the resolutions adopted by the Shareholders.
7.3 Each share entitles to one vote, subject to the limitations imposed by the laws of the Grand Duchy of Luxembourg.
7.4 Each share of the Company is indivisible vis-à-vis the Company. Co-owners of shares must be represented by a

common representative vis à vis the Company. The Company has the right to suspend the exercise of all rights attached to
the share until a common representative has been notified by the co-owners to the Company in writing or by fax.

8. Transfer of shares.
8.1 Subject to the terms of the Act and these Articles and, specifically, the drag along rights and tag along rights set

forth under articles 25 and 26 of these Articles and in addition to Permitted Transfers, the A Shareholder may Transfer all
or some of its Shares or Shareholder Loans at any time without any restrictions or conditions.

8.2 Subject to the terms of the Act and these Articles, the B Shareholders may not Transfer their B Shares and/or

Shareholder Loans and the Promote Shareholders shall not Transfer the Promote Shares without in each case the prior
written consent of the A Shareholder unless, in each case, the Transfer is a Permitted Transfer.

8.3 A Shareholders may not Transfer all or a portion of its Shares unless at the same time they Transfer the same

proportion of Shareholder Loans (if any) to the acquiring party.

8.4 Where the Company has several Shareholders, any transfer of shares to third parties requires the consent of the

Shareholders representing at least three quarters of the issued share capital. Any transfer of shares must be evidenced by a

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U X E M B O U R G

notarial deed or by a private contract. No transfer of shares is binding vis-à-vis the Company or vis-à-vis third parties unless
duly notified to the Company or accepted by the Company in accordance with the Act.

8.5 Any Transfer of Shares shall take place at the registered office of the Company (the "Transfer Completion"). If any

such Transfer is subject to any Transfer Conditions then Transfer Completion shall be postponed until the seventh Business
Day (or such other day agreed by the Shareholders in writing) after the Transfer Conditions are satisfied. The Shareholders
shall use all reasonable endeavours to ensure any Transfer Conditions are satisfied as soon as reasonably practicable. If
any Transfer Condition remains unsatisfied five Business Days after the date otherwise selected for such Transfer shall not
take place.

8.6 At Transfer Completion, the transferring Shareholder shall deliver or cause to be delivered to the purchasing Sha-

reholder (or as it may direct) a duly executed Transfer or Transfers in respect of the transferring Shareholder's Shares and
the relevant Shareholder Loans in favour of the purchasing Shareholder (or as it may direct) or any Third Party having
secured an offer to the A Shareholder (the "A Shareholder Buyer") (or as it may direct) and accompanied by any documents
of title, together with any power or authority under which such Transfer or Transfers have been executed, against which
the purchasing Shareholder or the A Shareholder Buyer shall deliver to the transferring Shareholder (or as it may direct) a
bankers' draft or telegraphic transfer for value on the day of Transfer Completion for an amount equal to the relevant total
price for the Shares and Shareholder Loans being transferred.

8.7 The transferring Shareholder shall do all such other things and execute all such other documents as the purchasing

Shareholder or the A Shareholder Buyer may reasonably require to give effect to the sale and purchase of the relevant
Shares and Shareholder Loans. The Transfer of Shares shall be registered in the Company's share register. Each Share-
holders shall procure that the Board only approves for registration a Transfer of Shares carried out in accordance with the
Act and these Articles.

8.8 Any Shares and Shareholder Loans sold shall be Transferred free from any Encumbrances and with all rights attached

but without the benefit of any other warranties or representations whatsoever.

9. Capital increase and reduction of Capital.
9.1 The share capital of the Company may be increased once or several times by resolutions of the Shareholders in

accordance with these Articles and the laws of the Grand Duchy of Luxembourg applicable to any amendment of these
Articles.

9.2 Subject to always complying with applicable law, the share capital of the Company may from time to time be reduced

by the redemption and cancellation of the Shares and Promote Shares through the redemption and cancellation of such
Shares and Promote Shares. Any redemption shall be triggered at the initiative of any shareholder holding one or several
Shares or Promote Share(s). Subject to the terms of these Articles, the redemption price shall be agreed upon between, on
the one hand, the shareholder holding Shares or Promote Share(s) whose shares are redeemed and, on the other hand, the
general meeting of Shareholders resolving on the redemption and cancellation of the shares and, accordingly, on the
reduction of the Company's share capital, both parties acting reasonably, notably taking into consideration the financial
rights attached to the relevant class of shares as per these Articles.

9.3 The right of a shareholder to request the redemption of its Promote Share(s) is subject to its right to benefit from a

Promote Distribution as per the provisions of article 24.6 of these present Articles.

9.4. The redemption of shares described under this article 9 can only be completed by using sums available for distribution

in accordance with article 72.1 of the Law.

9.5 The above shall not prejudice to any other form of capital reduction or any other form of distribution.

Management; Auditor

10. Managers.
10.1 The Company shall be managed by a board of managers (the "Board"), which shall comprise three (3) managers

(the "Manager(s)") appointed in accordance with the terms of articles 10.2 and 10.4.

10.2 The holder(s) of the A Share(s) shall have the right to propose for appointment by the general meeting of share-

holders and maintain in office two class A managers (the "A Managers").The holder(s) of the A Share(s) shall propose the
remuneration or absence of remuneration and the limited or unlimited duration of the mandates of the A Manager(s) to be
finally resolved upon by the general meeting of shareholders.

10.3 The Board may appoint an A Manager as its chair (the "Chair of the Board").
10.4 The holder(s) of the B Share(s) shall have the right to propose for appointment by the general meeting of shareholders

and maintain in office one class B managers (the "B Manager").The holder(s) of the B Share(s) shall propose the remune-
ration and the limited or unlimited duration of the mandate of the B Manager to be finally resolved upon by the general
meeting of shareholders.

10.5 The holder(s) of the A Share(s) shall, at any time, be entitled to nominate by notice in writing to the Company a

candidate for the appointment or replacement of the A Manager(s).

10.6 The holder(s) of the B Share(s) shall, at any time, be entitled to nominate by notice in writing to the Company a

candidate for the appointment or replacement of the B Manager.

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10.7 Even after the term of their mandate, the Managers are not entitled to disclose confidential information of the

Company or any Company information which may be detrimental to the Company's interests, except when such a disclosure
is mandatory by law.

10.8 The Managers of the Company shall be entitled to pass any information relating to any of the affiliates companies

of the Company to any Shareholder or other member of that Shareholder's Group and its or their advisors and to discuss
the Company's affairs with its managers and senior management in accordance with the terms and conditions prescribed
for in these Articles and any Shareholders' Agreement.

11. Powers of the Board.
11.1 The Board is vested with full powers to act on behalf of the Company and to authorize, on behalf of the Company,

all acts whether of an administrative or of a disposal nature which the Board in its full discretion deems necessary or useful
for accomplishing the Company's object. All powers not expressly reserved by the laws of the Grand Duchy of Luxembourg
to the Shareholders fall within the competence of the Board.

11.2 The Board may also set up one or more committee(s) and determine its/their composition and powers and delegate

certain powers and/or special mandates to them.

11.3 The Board may confer certain powers and/or special mandates to act on behalf of and bind the Company, vis-à-vis

third parties, to one or several Manager(s), Shareholder(s) or third person(s), any of these acting either alone or jointly as
determined by the Board.

12. Meetings of the Board and Written Decisions.
12.1 The Board will meet upon the request of any Manager.
12.2 Such Manager will inform the other Managers of the place, date, time and agenda of the meeting by written notice

or email. Such notice must be received by the Managers at least five Business Days prior to the meeting except where all
Managers are required to attend in person in which case a ten Business Days' notice is required. The notice shall be given
to the Managers on a shorter period if at least one A Manager and the B Manager agree so in writing. The notice shall also
include copies of any supporting documents to be discussed at the meeting.

12.3 At each Board meeting, the Board shall appoint the chair of the relevant meeting by vote of the majority of the

Managers present or represented at such meeting. The Chair shall be one of the A Managers.

12.4 The Board may also appoint a secretary, whether a Manager or not, who will be responsible for preparing the

minutes of the meeting.

12.5 Managers may attend and act at any Board meeting by appointing another Manager of the same Class in writing

as her/his representative.

12.6 Managers may participate in a Board meeting by means of a conference call, by videoconference or by any similar

means of communication enabling several persons to communicate with each other. Such methods of participation are to
be considered as equivalent to a physical presence at the relevant meeting.

12.7 At a Board meeting, each A Manager and B Manager has one vote save that if at any meeting of the Board the

number of A Managers present or represented (by any other Manager of the same Class as appointed by a power of attorney
granted pursuant to Luxembourg law) at that meeting is equal to or less than the number of B Managers present or repre-
sented (by any other Manager of the same Class as appointed by a power of attorney granted pursuant to Luxembourg law),
one of the A Managers shall be entitled at that meeting to such additional vote or votes as shall result in the A Managers
so present having in aggregate one vote more than the aggregate number of votes exercised or exercisable by the B Manager
so present (this being realised by the relevant B Manager granting a power of attorney under Luxembourg law to the relevant
A Managers to exercise its vote at the said meeting).

12.8 A quorum of the Board shall be the presence or the representation of a majority of the Managers holding office,

provided, whenever applicable, that at least an A Manager is present (or represented). Decisions will be taken by a majority
of the votes of the Managers present or represented at the relevant meeting and this majority shall at least include an A
Manager.

12.9 Decisions of the Board are taken by a majority of the Managers present or represented at the relevant Board meeting.

In the case of a tied vote, the Chair of the Board does not have a casting vote.

12.11 The minutes of Board meetings must be drawn up and signed by all Managers present at the relevant meeting.

Any powers of attorney shall remain attached to the minutes.

12.12 A written decision signed by all Managers is proper and valid as though it had been adopted at a meeting of the

Board which was duly convened and held. Such a decision can be documented in either a single document signed by all
Managers or in several separate documents all with the same content each of them signed by one or several Managers.

12.13 Copies or extracts of the minutes of the Board meeting shall be certified by the Board.

13. Representation of the Company.
13.1 Where the Company is managed by a Board, the Company will be bound vis-à-vis third parties by the joint signatures

of any two Board members.

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13.2 Notwithstanding the above, the Company will be bound vis-à-vis third parties only by the signature of a class A

Manager if the sole shareholder or the Shareholders (as applicable) have qualified the Managers as class A managers and
class B managers.

Notwithstanding the above, the Company will also be bound vis-à-vis third parties by any person to whom valid powers

of representation have been delegated by the Board (provided such delegation has been approved by an A Manager), as
applicable.

14. Conflict of Interests.
14.1 Subject to the following, the conflict of interest rules as set out in article 57 of the Act shall apply.
14.2 No contract or other business between the Company and a third party be affected or invalidated by the sole fact

that one or several duly authorised representatives of the Company, including but not limited to any Manager may have a
direct or indirect personal interest in the relevant matter.

14.3 If all Managers are conflicted with respect to a certain matter, the matter shall be resolved upon by the general

meeting of Shareholders or the Sole Shareholder (as applicable).

15. Indemnification of Managers.
15.1 The Company will indemnify its Managers, and, if applicable, their successors, heirs, executors and administrators,

against damages and expenses reasonably incurred in connection with any action, suit or proceeding to which the Managers
are party for being or having been Managers of the Company or, at the request of the Company, of any other company of
which the Company is a shareholder or creditor if and to the extent they are not entitled to indemnification by such other
company.

15.2 Indemnification will only be provided if and to the extent the Managers are not finally adjudged in an action, suit

or proceeding to be liable for gross negligence or misconduct.

15.3 In the event of a settlement, indemnification will only be provided if and to the extent the Company is advised by

its legal counsel that the Managers did not commit a breach of his/her duties.

15.4 The foregoing right of indemnification does not exclude other rights to which the Managers and, if applicable their

successors, heirs, executors and administrators may be entitled.

16. Audit.
16.1 If no independent auditor is required by the laws of the Grand Duchy of Luxembourg and the Company has more

than twenty-five (25) Shareholders, the Company's annual accounts are to be audited by one or more statutory auditors,
which can either be one or several Shareholders or third persons.

16.2 If no independent auditor is required by the laws of the Grand Duchy of Luxembourg and the Company has twenty-

five (25) or less Shareholders, the Shareholders may decide, without being obliged to do so, to have the annual accounts
audited by one or more statutory auditors, being either Shareholders or third persons.

16.3 The auditor(s) shall be appointed by the Shareholders who shall determine the (i) number of auditors, (ii) remu-

neration of the auditor(s) and (iii) duration of the mandate of the auditor(s). The auditor(s) will hold office until their
successors are elected. They may be re-elected at the end of their term and they may be removed at any time, with or without
cause, by the Shareholders.

Shareholders

17. Shareholders' Resolutions.
17.1 The Shareholders decide by passing resolutions either in Shareholders' meetings or, subject to the limitations set

forth in these Articles and the laws of the Grand Duchy of Luxembourg, by written resolutions.

17.2 One vote is attached to each share, except as otherwise provided for by the laws of the Grand Duchy of Luxembourg.
17.3 Any amendment to the Articles must be approved by (i) the majority of Shareholders in number and (ii) shareholders

holding at least three-quarters of the issued share capital, except as otherwise required by the laws of the Grand Duchy of
Luxembourg or by the Articles.

17.4 Without prejudice to the provisions of Art. 21 of these Articles, all other Shareholders' resolutions will be taken

by Shareholders representing more than half of the issued share capital of the Company, except as otherwise required by
the laws of the Grand Duchy of Luxembourg or by the Articles. In case the quorum is not reached at the first meeting, the
Shareholders shall be convened or consulted a second time, by registered letter, and decisions shall be adopted by a majority
of the votes cast, regardless of the portion of issued share capital represented.

18. Shareholders' meetings.
18.1 An annual Shareholders' meeting needs only be held if the Company has more than twenty-five (25) Shareholders.

In that case, these Articles shall be amended in order to provide for the date and time at which such annual Shareholders'
meeting shall be held.

18.2 Extraordinary Shareholders' meetings are convened in accordance with the laws of the Grand Duchy of Luxembourg

by notice of the Board, the auditor(s) of the Company or the Shareholder(s) representing at least half of the issued share
capital of the Company.

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U X E M B O U R G

18.3 A Shareholders' meeting may only be held abroad if, in the opinion of the Board, this should be necessary due to

circumstances of force majeure.

18.4 The notice convening the Shareholders' meeting shall indicate the place, date, time and agenda of the meeting and

shall be sent to the Shareholders at least eight (8) days prior to the meeting. The above mentioned notice requirement may
be waived in writing by the concerned Shareholder(s) or by the unanimous written consent of all Shareholders at the relevant
meeting of the Shareholders.

18.5 Any duly constituted Shareholders' meeting represents all the Shareholders of the Company.
18.6 If the Company has only a sole Shareholder, this sole Shareholder exercises the powers granted to the general

meeting of shareholders by applicable law and these Articles. Articles 194 to 196 and 199 of the law of 10 August 1915,
as amended from time to time, are not applicable to that situation.

19. Written Resolutions.
19.1 If the Company has twenty five (25) or less Shareholders, the Shareholders' resolutions do not have to be passed

in Shareholders' meetings but may also be passed by written resolution.

19.2 The text of resolutions to be adopted by written resolution will be sent to the Shareholders in writing by the Board

by registered letter, letter, e-mail or fax. Shareholders are under the obligation to cast their vote and send it back to the
Board of the company by registered letter, letter, e-mail or fax within fifteen (15) days as from the receipt of the letter. Any
votes not cast within this time frame will be considered as having abstained from voting.

19.3 The formal requirements set forth in para. 19.2 for passing written Shareholders' resolutions may be waived by

unanimous written resolution of all Shareholders in the relevant written resolution or otherwise.

19.4 The formal requirements set forth in para. 19.2 for passing written Shareholders' resolutions do not apply if the

Company has only one Shareholder. All resolutions adopted by a sole Shareholder must, however, be documented in writing
and signed by the sole Shareholder.

19.5 Any copies or extracts of the written Shareholders' resolutions shall be certified by the Board.

20. Procedure at Shareholders' meetings.
20.1 A Shareholder may act at a Shareholders' meeting by appointing a representative, who does not have to be a

Shareholder, in writing or by fax.

20.2 Shareholder(s) may participate in a Shareholders' meeting by means of a conference call, by videoconference or

by any similar means of communication enabling several persons to communicate with each other. Such participation shall
be deemed equivalent to a physical presence at the relevant meeting.

20.3 The Board may determine all other conditions that must be fulfilled in order to take part in a Shareholders' meeting.
20.4 At each meeting of the Shareholders, the Shareholders shall appoint the chair of the relevant meeting by vote of

the majority of the Shareholders present or represented at such meeting (the "Chair of the Shareholders' Meeting").

20.5 The Chair of the Shareholders' Meeting will appoint a secretary. The Shareholders will appoint one or several

scrutineer(s). The Chairman of the Shareholders' meeting together with the secretary and the scrutineer(s) form the bureau
of the general meeting (the "Bureau").

20.6 An attendance list indicating the (i) name of the Shareholders, (ii) number of shares held by them and, if applicable,

(iii) name of the representative, must be drawn up and signed by the members of the Bureau.

20.7 Minutes of the resolutions of the Shareholders' meeting shall be drawn up and signed by the Bureau.
20.8 Copies or extracts of the minutes of the Shareholders' meeting shall be certified by the Board.

21. Reserved Matters.
21.1 The Shareholders shall procure that the Company shall not realise any of the matters set out in this article 21.1 (or

do anything which is analogous to or has a substantially similar effect to any of those matters) without the prior written
unanimous consent of the Shareholders (the "Consent Matter(s)"):

a) directly or indirectly acquire any Property or agree to acquire any Potential Property other than a Property which has

been recommended to the Board by the Asset Manager pursuant to the Asset Management Agreement;

b) dispose of any interest in any Property (by way of a sale or grant of a long leasehold interest) or disposing of any

interest in any PropCo or agreeing to do the same other than in accordance with the Property Business Plan for such Property;

c) enter into agreements in respect of Third Party Finance that do not follow the following criteria:
Third Party Financing shall:
i. be secured upon the Property by first mortgages only (and not, for the avoidance of doubt, by security that is subordinate

to such first mortgage);

ii. not exceed, in respect of the Properties on which it will be secured:
1. 60% of the purchase price or Market Value; or
2. 55% of the total acquisition costs (being calculated by the A Shareholder, acting reasonably);
iii. be on a non-recourse basis to the Shareholders;
iv. not be secured on any of the assets of the Shareholders;

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v. to the extent possible, optimise the making of Distributions; and
vi. not restrict any transfer of Shares or Shareholder Loans which is a Permitted Transfer or a Transfer in accordance

with article 21 or any drag along right, tag along right or put option right existing from time to time under a Shareholder
Agreement.

d) make any change to the Business Plan or any Property Business Plan;
e) incur capital expenditure in excess of amounts agreed in the Business Plan or any Property Business Plan;
f) enter into or granting any lease or any Property (i) to a tenant regarded as an anchor or key tenant with respect to that

Property (ii) with an annual rent in excess of £100,000 or (iii) otherwise than in accordance with the Property Business
Plan for such Property;

g) alter in any respect the Articles or the rights attaching to any of the Shares and/or the Promote Shares;
h) require funding from a Shareholder in excess of its Maximum Investment;
i) change the Investment Criteria or extend the Investment Period;
j) so long as the Asset Management Agreement has not been terminated by the Company in accordance with its terms,

enter into any asset management agreement or property management agreement;

k) approve the need for any additional working capital which is not included in the Business Plan or relevant Property

Business Plan;

l) issue, redeem, purchase or grant any option or other interest in their respective share capital; or
m) incur any borrowing from any Shareholder or member of a Shareholder Group other than in accordance with the

provisions of any shareholders' agreement or pursuant to the ICGL Bridge Finance.

21.2 The Shareholders shall procure that neither the Company nor any other member of the Company's Group shall do

any of the matters set out in this article

21.3 (or do anything which is analogous to or has a substantially similar effect to any of those matters) or in any such

case without the prior written consent of the Promote Shareholders (not to be unreasonably withheld):

a) directly or indirectly acquire any Property or agree to acquire any Potential Property;
b) dispose of any interest in any Property or any PropCo other than to a Third Party on arm’s length terms;
c) enter into agreements in respect of Third Party Finance that do not follow the criteria set out to realise such Third

Party Finance;

d) enter into any financing arrangements with the A Shareholder or any member of the A Shareholder Group other than

on arm’s length terms;

e) alter in any respect the Articles or the rights attaching to any of the Shares and/or the Promote Shares;
f) change the Investment Criteria or extend the Investment Period;
g) enter into any agreement or arrangement which is outside the ordinary course of the Business or otherwise than on

arm’s length terms;

h) issue, redeem, purchase or grant any option or other interest in the share capital of any member of the Company's

Group;

i) give any guarantee or grant any security other than in the context of Third Party Finance as above; and/or
j) enter into any contract or arrangement the terms of which are solely or principally designed to reduce the value of the

Promote Shares or otherwise have the effect of reducing the value of the Promote Shares in a manner which is dispropor-
tionate to the commercial aims of such contract or arrangement

Financial year, Distributions of earnings

22. Financial year. The Company's financial year begins on the first day of the month of January and ends on the last

day of the month of December.

23. Approval of financial statements.
23.1 At the end of each financial year, the accounts are closed and the Board will draw up the annual accounts of the

Company in accordance with the laws of the Grand Duchy of Luxembourg.

23.2 The Board will submit the annual accounts of the Company to the company's auditor(s), if any, for review and to

the Shareholders for approval.

23.3 Each Shareholder may inspect the annual accounts at the registered office of the Company as provided for by the

laws of the Grand Duchy of Luxembourg.

24. Allocation of Profits.
24.1 From the annual net profits of the Company, five per cent (5%) shall be allocated to the reserve required by the

laws of the Grand Duchy of Luxembourg. This allocation will cease to be required as soon and as long as such reserve
amounts to ten per cent (10%) of the subscribed share capital of the Company. The Shareholders shall determine how the
remainder of the annual net profits will be allocated in accordance with the provisions of this article 24.

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24.2 Subject to the terms of article 24, the Shareholders shall procure that in respect of each Financial Year all Distri-

butable Cash is Distributed no later than the date falling 120 days after the end of that Financial Year and in accordance
with the remaining provisions of this article 24. Once Distributed, the Shareholders shall not be required to reinvest Dis-
tributable Cash in the Company or any entity of the Company's Group, unless otherwise agreed by the Shareholders
unanimously. Until the End Date (or, if no Promote Distribution is payable pursuant to these Articles, until otherwise agreed
unanimously by the Shareholders), all Distributable Cash shall be Distributed or otherwise allocated in the following order
of priority:

a) first, to the A Shareholder and the B Shareholders, pari passu in proportion to their respective Percentage Interests

as of the date of such Distribution, until the interest accrued on all existing Shareholder Loans (other than the PPLs) held
by each such Shareholder has been repaid in full;

b) second, to the A Shareholder and the B Shareholders, pari passu in proportion to their respective Percentage Interests

as of the date of such Distribution, until the profit allocation on all PPLs held by each such Shareholder has been repaid in
full;

c) third, to the A Shareholder and the B Shareholders, pari passu in proportion to their respective Percentage Interests

as of the date of such Distribution, until the principal amounts of all Shareholder Loans (other than the PPLs) held by each
such Shareholder has been repaid in full;

d) fourth, to the A Shareholder and the B Shareholders, pari passu in proportion to their respective Percentage Interests

as of the date of such Distribution, until the principal amounts of all PPLs held by each such Shareholder has been repaid
in full;

e) fifth, to the A Shareholder and the B Shareholders, pari passu in proportion to their respective Percentage Interests

as of the date of such Distribution until each has received an amount equal to the Total Equity Funding of such Shareholder
as of that date;

f) sixth, to the A Shareholder and the B Shareholders, pari passu in proportion to their respective Percentage Interests

as of the date of such Distribution.

24.3 The calculations of Distributable Cash and Distributions shall be undertaken by the A Shareholder and reviewed

by the Board and the Shareholders within 60 Business Days of the end of the Financial Year to which they relate. If the B
Shareholder Representative does not agree with the calculation or allocation of Distributable Cash or Distributions and
notifies its disagreement to the Shareholders and the Company in writing within a period of 30 Business Days of the A
Shareholder presenting its calculation to the Board and the Shareholders, then the provisions of articles 24.4 and 24.5 shall
apply.

24.4 If and whenever any item relating to the calculation or allocation of Distributable Cash and Distributions in ac-

cordance with article 24.2, 24.3 and/or 24.8 is in dispute and the Shareholders and the Board cannot resolve the dispute in
the timeframe provided for in this article 24, it shall be referred to such firm of independent chartered accountants:

a) as the A Shareholder and the B Shareholder Representative or the Promote Shareholder Representative (as the case

may be depending on the nature of the dispute) may agree in writing; or

b) failing such agreement within five Business Days, as shall be appointed for this purpose on the application of the A

Shareholder or the B Shareholder Representative or the Promote Shareholder Representative (as the case may be depending
on the nature of the dispute) (whosoever shall first apply) by the President of the Institute of Chartered Accountants in
England and Wales.

24.5 The independent accountants shall act on the following basis:
a) the independent accountants shall act as experts and not as arbitrators;
b) the items or items in dispute shall be notified to the independent accountants in writing by either of the Shareholders

and/or the Promote Shareholder Representative (as the case may be depending on the nature of the dispute) (with a copy
to the other Shareholder or the Promote Shareholder Representative (as the case may be)) within 10 Business Days of the
independent accountants' appointment;

c) their terms of reference shall be to determine the item or items in dispute within 20 Business Days of their appointment;
d) the independent accountants shall decide the procedure to be followed in the determination and shall be entitled to

appoint such advisers or valuers as they deem necessary;

e) the Shareholders and/or the Promote Shareholders (as the case may be depending on the nature of the dispute) shall

each provide the independent accountants promptly with all information which they reasonably require and the independent
accountants shall be entitled (to the extent they consider it appropriate) to base their opinion on such information and on
the accounting and other records of the Company's Group;

f) the determination of the independent accountants shall (in the absence of manifest error) be final and binding on the

parties; and

24.6 Subject to the terms of any Shareholder Agreement, if the IRR from 22 May 2015 to the End Date:
a) is greater than 12%, the Promote Distribution will be payable to the Promote Shareholders; or
b) is less than or equal to 12%, the Promote Distribution will be zero and nothing shall be payable to the Promote

Shareholders.

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24.7 If the Promote Distribution is payable, then the Promotable Surplus shall be Distributed as follows:
a) the Promote Shareholders shall be entitled to receive the Promote Distribution pari passu in proportion to their

respective Promote Percentage Interests of Promote Shares as of the date of Distribution of the Promotable Surplus;

b) the A Shareholder shall be entitled to receive the amount equal to 75% of the Promotable Surplus (that is, that amount

of the Promotable Surplus that is not the Promote Distribution); and

c) the B Shareholders (for the avoidance of doubt) shall not be entitled to any of the Promotable Surplus.
24.8 Following the End Date:
(a) the Shareholders agree that:
(i) the amount of the Contributions and Distributions is to be ascertained as soon afterwards as may be practicable; and
(ii) such amounts are to be ascertained between the Shareholders but in the absence of agreement within 20 Business

Days of the End Date, such amounts shall be determined pursuant to article 24.4 of this agreement; and

(b) within 10 Business Days of the date on which the amounts of Contributions and Distributions have been agreed in

accordance with article 24.8 or determined in accordance with article 24.8, the A Shareholder shall calculate the IRR, the
Promotable Surplus and the Promote Distribution and shall notify the Promote Shareholders of such calculations provided
that the A Shareholder shall not be required to make this calculation if article 24.4 applies. If the Promote Shareholders
agree such calculations, then that shall be the IRR, the Promotable Surplus and the Promote Distribution for the purposes
of this agreement. If the Promote Shareholders do not agree such calculations within 20 Business Days of being notified
by the A Shareholder then such amounts shall fall to be determined pursuant to article 24.4 of these Articles.

24.9 The:
(a) Promote Distribution (subject to article 24.11 and in accordance with article 24.10); and
(b) amount payable to the A Shareholder pursuant to article 24.7 (b), shall, in each case be paid within 10 Business Days

after agreement pursuant to the terms of this article 24 or determination pursuant to article 24.4 to the Promote Shareholders
and the A Shareholder as the case may be.

24.10 The Shareholders and Promote Shareholders shall procure and take all steps necessary to ensure that upon any

Promote Distribution becoming payable to the Promote Shareholders, such amount is applied to redeem a proportion of
the Promote Shares then held by the Promote Shareholders (as shall be determined by the Promote Shareholder Represen-
tative) in proportion to their respective Promote Percentage Interests as of the date of such Promote Distribution.

24.11 At any time prior to the End Date, the Promote Shareholder Representative may request that the A Shareholder

approves the making of a Promote Distribution prior to the End Date. If, following receipt of such request, the A Shareholder
is of the opinion (acting reasonably and considering the amount of the Investment Period remaining), that there is sufficient
financial certainty that the IRR at the End Date will be greater than 12% and, accordingly that a Promote Distribution would
be payable in accordance with this agreement, the A Shareholder shall take such steps as it considers reasonable to procure
payment of a Promote Distribution before the End Date in accordance with the provisions of this article 24, adapted (if
necessary) by the A Shareholder (acting reasonably) to cater for payment of the Promote Distribution earlier than the End
Date in accordance with article 24.7.

25. Drag Along Rights.
25.1 If the A Shareholder wishes to sell all or part only of its Shares and Shareholder Loans (the "Offered Securities")

other than pursuant to a Permitted Transfer, then the A Shareholder shall give written notice of such intention to the B
Shareholders ("Disposal Notice").

25.2 The B Shareholders shall have 30 days following receipt of the Disposal Notice to make an offer (the "A Shareholder

Offer") to the A Shareholder for the Offered Securities. The A Shareholder shall have a period of 30 days from receipt of
the A Shareholder Offer (the "Acceptance Period") to accept or reject the A Shareholder Offer. If the A Shareholder Offer
is accepted by the A Shareholder during the Acceptance Period, the B Shareholders (or any of them) shall have 30 days
from the date of acceptance to complete the acquisition of the Offered Securities. If the A Shareholder Offer is rejected by
the A Shareholder within the Acceptance Period or the Acceptance Period otherwise expires without an acceptance by the
A Shareholder of the A Shareholder Offer or no A Shareholder Offer is made by the B Shareholders (or any of them), the
A Shareholder may market the Offered Securities on terms no less favourable than the A Shareholder Offer. If within a
period of 6 months from the rejection or expiry of the A Shareholder Offer, the A Shareholder secures an offer from the A
Shareholder Buyer to purchase the Offered Securities (on terms no less favourable than the A Shareholder Offer), the A
Shareholder shall deliver an A Shareholder Sales Notice and then, in accordance with the terms of the A Shareholder Sales
Notice, the A Shareholder may proceed to sell the Offered Securities to the A Shareholder Buyer on terms and at a price
which are not less favourable than those specified in the A Shareholder Offer.

25.3 If the A Shareholder proceeds with the sale of, or to procure the sale of, the Offered Securities to an A Shareholder

Buyer in accordance with article 25.1 then the A Shareholder may by written notice (the "Drag Notice") require the B
Shareholders to sell a proportionate part of their Shares and Shareholder Loans pro rata to the Shares and Shareholder
Loans being disposed of by the A Shareholder (the "Drag Along Right") to the A Shareholder Buyer, provided that the
total proceeds of sale received by the B Shareholders are at least equal to its Total Equity Funding (or the equivalent
proportionate amount of its Total Equity Funding in respect of the sale of part only of its Shares and Shareholder Loans).
The Shareholders agree that the proceeds for the Shares and Shareholder Loans due pursuant to the provisions of this article

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U X E M B O U R G

25 shall be distributed. Article 24.4 and article 24.5 shall apply mutatis mutandis in relation to any dispute in respect thereof.
If the A Shareholder does not serve a Drag Notice, the B Shareholders, shall nonetheless be entitled to serve a Tag Along
Notice pursuant to article 26.

25.4 Completion of the sale of Shares and Shareholder Loans pursuant to an exercise of the Drag Along Right shall take

place at the same time and place as the sale of Shares and Shareholder Loans by the A Shareholder to the A Shareholder
Buyer.

25.5 As security for its obligations in the event that the A Shareholder exercises its Drag Along Right, the B Shareholders,

hereby irrevocably appoint the A Shareholder as their lawful attorney with full power and having full authority in the name
of and on behalf of the B Shareholders to execute all such documents and do all such things as the A Shareholder reasonably
considers necessary to transfer the relevant Shares and Shareholder Loans to the A Shareholder Buyer, such power of
attorney being coupled with an interest shall survive the bankruptcy or dissolution of the B Shareholders.

26. Tag Along Rights.
26.1 If, following receipt of an A Shareholder Sales Notice and unless the A Shareholder has also delivered a Drag

Notice, the B Shareholders may within 21 days of receipt an A Shareholder Sales Notice, deliver a written notice to the A
Shareholder (the "Tag Along Notice"), advising the A Shareholder that they require the A Shareholder Buyer to acquire a
proportionate part of their Shares and Shareholder Loans pro rata to the Share and Shareholder Loans to be acquired from
the A Shareholder. If the B Shareholders have served a Tag Along Notice, the A Shareholder will not transfer any Shares
or Shareholder Loans to the A Shareholder Buyer without first requiring the A Shareholder Buyer to purchase all or the
relevant proportionate part of the Shares and Shareholder Loans held by the B Shareholders on the same terms and conditions
and at the same time as the A Shareholder Buyer is acquiring the Shares and Shareholder Loans from the A Shareholder
("Tag Along Right").

26.2 If a Tag Along Right is exercised, no Shareholder will enter into any agreement, commitment or understanding

with any person which has the effect of providing to any Shareholder consideration of greater value or terms which are
more favourable than those applying to the Tag Along Right.

26.3 The Shareholders agree that the proceeds for the Shares and Shareholder Loans due pursuant to the provisions of

this article 26 shall be distributed as set out in article 24. The provisions of articles 24.4 and 24.5 shall apply mutatis
mutandis in relation to any dispute in respect thereof. The recipients of the Tag Along Notice undertake to execute, or
procure the execution of, any documentation required to give effect to such Transfer.

26.4 Subject to the requirements set out under articles 189 and 190 of the Act, in the event that the B Shareholders fail

to exercise their rights pursuant to this article 26, the A Shareholder shall nonetheless be entitled to sell all or the relevant
part only of its Shares and Shareholder Loans to the A Shareholder Buyer and to exercise its rights pursuant to article 25.

Dissolution, Liquidation

27. Dissolution and liquidation.
27.1 The dissolution of the Company may be resolved by its Shareholders with the same quorum and majority required

to amend these Articles, unless otherwise provided by the laws of the Grand Duchy of Luxembourg.

27.2 Should the Company be dissolved, the liquidation will be carried out by one or more liquidators appointed by the

Shareholders determining powers and compensation of the liquidator(s).

27.3 After payment of all the outstanding debts of and charges against the Company, including taxes and expenses

pertaining to the liquidation process, the remaining net assets of the Company shall be distributed equally to the Shareholders
pro rata to the number of the shares held by them.

Applicable law

28. Applicable law. All matters not governed by these Articles shall be determined by the Act

VIII. Definitions

29. For the purposes of these Articles, the following capitalized terms shall have the meaning ascribed to them in this

article 29:

"A Shareholder" means a holder of the A Shares from time to time;
"A Shareholder Buyer" has the meaning given in article 8.6;
"A Manager" means any manager appointed to the Board by the A Shareholder;
"A Shareholder Group" means, in relation to the A Shareholder, any person directly or indirectly Controlling, Controlled

by or under common (direct or indirect) Control with the A Shareholder from time to time and shall include, for the
avoidance of doubt, the A Shareholder and any fund or entity sponsored, managed or advised (in the latter case pursuant
to an investment advisory agreement (or analogous arrangements) where such fund or entity is accepted as a client or co-
investor of the A Shareholder or any person directly or indirectly Controlling, Controlled by or under common (direct or
indirect) Control with the A Shareholder) by or with the A Shareholder or any person directly or indirectly Controlling,
Controlled by or under common (direct or indirect) Control with the A Shareholder from time to time, or any entity owned

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U X E M B O U R G

or Controlled by any such fund or entity and "member of the A Shareholder Group" shall be construed accordingly (for
the avoidance of doubt each member of the Company's Group shall be deemed to be outside of the A Shareholder Group);

"A Shareholder Sales Notice" has the meaning given in article 25.2;
"A Shareholder Offer" has the meaning given in article 25.2;
"A Shares" means the A ordinary shares of one Pound Sterling (GBP 1.-) each in the capital of the Company from time

to time;

"Acceptance Period" has the meaning given in article 25.2;
"Articles" means the articles of association of the Company;
"Asset Manager" means M&M Property Asset Management LLP;
"Asset Management Agreement" means the asset management agreement to be entered into at Completion between the

Company, Nuneaton Shopping Centre S.à.r.l and the Asset Manager in the agreed form;

"B Manager" means any manager appointed to the Board by the B Shareholders;
"B Shareholder Group" means, together each of the B Shareholders and any person directly or indirectly Controlling,

Controlled by or under common (direct or indirect) Control with the B Shareholders (or any of them) from time to time
and "member of the B Shareholder Group" shall be construed accordingly (for the avoidance of doubt each member of the
Company's Group shall also be deemed to be outside the B Shareholder Group);

"B Shareholder PPLs" means the profit participating loan agreements entered into between each of the B Shareholders

and the Company on 25 June 2015;

"B Shareholder Representative" means Kevin McGrath or any other person appointed from time to time by the B

Shareholders;

"B Shareholder SHL Agreements" means the shareholder loan agreements entered into between each of the B Share-

holders and the Company on 25 June 2015;

"B Shareholders" means the holders of the B Shares from time to time;
"B Shares" means the B ordinary shares of Pound Sterling (GBP 1.-) each in the capital of the Company from time to

time;

"Board" means the board of Managers of the Company for the time being and from time to time;
"Business" has the meaning given in article 4;
"Business Day" means a day (other than a Saturday or Sunday) when banks in London and Luxembourg are open for

business;

"Business Plan" means a revised Business Plan and Property Business Plan for every Financial Year prepared by the

Asset Manager (in consultation with the A Shareholder) and presented in draft to the Board and the relevant PropCos in
accordance with the requirements of the Asset Management Agreement not later than one month before the beginning of
each Financial Year together with such other information relating to the financial position and affairs of the PropCos and
JVC as the A Shareholder may from time to time reasonably require is delivered to the Board and the Shareholders;

"Call Notice" means a notice approved by the A Shareholder and delivered to the Shareholders by the Company stating

that Required Funding is required or requested as the case may be, the amount of such Required Funding, how the Required
Funding should be advanced and the Business Day by which the Required Funding should be paid;

"Company's Group" means the Company and each of the PropCos and "member of the Company's Group" and "Group

Company" shall be construed accordingly;

“Contribution” means a contribution to the Company or any other member of the Company's Group by any Shareholder,

whether by way of a subscription for Shares, Shareholder Loans or otherwise (but excluding, for the avoidance of doubt,
the ICGL Bridge Finance);

"Control" in relation to a body corporate or partnership, means the power of a person to secure that the affairs of the

body corporate or partnership are conducted in accordance with the wishes of that person:

(a) by means of the holding of shares, or the possession of voting power, in or in relation to that or any other body

corporate or partnership; or

(b) by virtue of any powers conferred by the constitutional or corporate documents, or any other document, regulating

that or any other body corporate or partnership,

and "Controlling" and "Controlled" shall be construed accordingly;
"C Promote Shares" means the 750 class C redeemable shares of one Pound Sterling (GBP 1,-) each in the share capital

of the Company and having the rights set out in the Articles;

"Debt Service Shortfall Funding" means any amount required to meet a payment under a Facility Agreement in order

to avoid an event of default or default as specified in the Facility Agreement or to pay any expenses thereunder as a result
of any such default;

"Disposal Notice" has the meaning given in article 25.1;
"Distribution" means any payment to Shareholders or to the relevant member of the A Shareholder Group or the B

Shareholder Group (as the case may be) including, without limitation, any payment arising in respect of the following:

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U X E M B O U R G

(a) payment of principal and interest on any Shareholder Loan (including, for the avoidance of doubt, the PPLs);
(b) payment of any dividend on any Shares;
(c) payment on any redemption of any Shares or any Shareholder Loans (including, for the avoidance of doubt, the

PPLs);

(d) any return of capital on any Shares (including in the case of liquidation or winding up);
(e) any sums received on a Transfer of Shares; or
(f) any sums loaned to a Shareholder on an interest free non-recourse basis to be offset against, and in lieu of, future

distribution payments as made in the circumstances set out in paragraphs (a) to (e) above;

and "Distributed" shall be construed accordingly provided that (i) no payment of fees to the Asset Manager pursuant to

the Asset Management Agreement or (ii) payment of principal or interest on the ICGL Bridge Finance shall be payments
for the purposes of this definition;

"Distributable Cash" means all of the cash available to the Company after taking into account, in respect of the whole

of the Company's Group, as appropriate:

(a) operating expenses and working capital requirements;
(b) fees, expenses and service of Third Party Finance and the ICGL Bridge Finance;
(c) taxes and regulatory fees payable;
(d) Project Costs;
(e) all amounts paid to the Asset Manager as Fees as defined in and in accordance with the Asset Management Agreement;
(e) reserves for capital expenditure;
(f) any other spending requirements outlined in the Business Plan or the Property Business Plans or as otherwise approved

by the Shareholders in accordance with this agreement, including so as to support other assets within different PropCos in
the Company's Group or to fund new acquisitions or potential new acquisitions which, if completed will become an asset
within the Company's Group; and

(g) all reserves and notably the legal reserve set out in article 24.1 that may be required under the Act.
which may be distributed by Company by way of the methods described in paragraphs (a) to (f) of the definition of

"Distribution" or otherwise in accordance with applicable law;

"D Promote Shares" means the 750 class D redeemable shares of one British pound (GBP 1.-) each in the share capital

of the Company and having the rights set out in the Articles.

"Drag Along Right" has the meaning given in article 25.3;
"Drag Notice" has the meaning given in article 25.3;
"End Date" means the date of completion of an Exit Event;
"Encumbrance" means a mortgage, charge, 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;

“Exit Event” means a sale of the entire Portfolio (whether in one or a series of transactions) either by way of:
(a) the sale of all of the Properties which are vested in Company or the relevant Propco as the case may be; or
(b) the sale of the issued share capital in Company (including, for the avoidance of doubt, a sale of the issued share

capital in the Company pursuant to the terms of any Shareholder Agreement); or

(c) the sale of all of Company's interests in all of the Propcos,
to the intent that in each case substantially the whole of the economic value in the relevant Properties (or as the case

may be in the share capital of Company or the Propcos) passes to the Third Party buyer thereof;

"Expert" means an independent person appointed by the Company;
"Facility Agreement" means any agreement between Company and/or one or more of the PropCos and a bank or other

financial institution who has provided Third Party Finance to acquire, or otherwise in respect of, one or more of the
Properties;

"Fair Value" means the proportion of the amount to be considered to be the fair value of the entire issued share capital

of the Company multiplied by the proportion which the default securities under a shareholder agreement or the Buy Out
Securities or put securities as the case may be bear to the entire issued share capital of Company (with no discount for the
size of the shareholding to be transferred) and determined by the Shareholders or the Expert;

"Financial Year" means a financial year of the Company in accordance with article 22, being the year from 1 January

to 31 December, or as otherwise agreed unanimously by the Shareholders;

"Group" means the A Shareholder Group, the B Shareholder Group or the Company's Group, as the context may require;
"ICGL" means ICG-LONGBOW EQUITY INVESTMENTS NO. 4 SARL, a private limited liability company (société

à responsabilité limitée) incorporated and existing under Luxembourg law whose registered office is at 2, Boulevard Konrad
Adenauer, L-1115 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-195089;

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U X E M B O U R G

"ICGL Bridge Finance" means the bridge financing facilities to be entered into as procured by ICGL for the Company's

Group in the agreed form;

"Investment Criteria" means criteria given in a shareholders' agreement from time to time;
"Investment Period" means the period commencing from 22 May 2015 and ending six years from the Completion Date

(or such later date as may be determined by the Board) or, if earlier, the date on which the maximum investment of the
shareholders by all of the Shareholders is invested or committed to investments in Properties or Potential Properties;

"IRR" means the annual rate compounding monthly which, when applied to the consolidated cashflows of Contributions

and Distributions, on the date of calculation of the IRR (for example, being the End Date), produces a net present value of
zero (taking into account, as relevant, the monthly period on which Contributions and Distributions are made);

"Key Person(s)" means each of Mr Martin Sheppard, Mr Kevin McGrath and Mr Matthew Kelly;
"Key Person Change" means if any two of the Key Persons cease to:
(a) actively, regularly and routinely involve themselves in the business and objectives of the Asset Manager; or
(b) own (directly or indirectly) in aggregate more than 50 per cent of the membership interests in the Asset Manager;

(c) own (directly or indirectly) more than 50 per cent of the interests in the securities of:
i. Cool (in the case of Kevin McGrath);
ii. Etchingham (in the case of Martin Sheppard); or
iii. Anglezark (in the case of Matthew Kelly),
in any case other than as a result of death, permanent injury or long term illness;
"Manager" has the meaning given in article 10.1;
“Market Value” the open market value of the Portfolio (or relevant Property or Potential Property as the case may be)

as at the date on which it is to be calculated as agreed between the parties or failing agreement to be established in accordance
with the then current edition of RICS Valuation Standards;

"M&M" has the meaning given in the preamble;
"Maximum Investment" means a maximum amount of investment given in a shareholders' agreement from time to time;
"Offered Securities" has the meaning given in article 25.1;
"Percentage Interest" shall mean, at any time for any Shareholder, the quotient, expressed as a percentage (rounded to

the nearest one hundred thousandth of one per cent) of (a) the Total Equity Funding of such Shareholder (or such Share-
holders predecessors(s) in interest) divided by (b) the aggregate of Total Equity Funding of all of the Shareholders (or their
predecessors(s) in interest);

"Permitted Transfer" means a Transfer of Shares and Shareholder Loans or Promote Shares to a member of the A

Shareholder Group or B Shareholder Group at the time of Transfer;

"Portfolio" means all of the Properties owned by the Company's Group at the relevant time and from time to time;
"Potential Property" means a property which satisfies or is capable of satisfying the Investment Criteria at the time when

the property in question (or an interest therein) is acquired or available for acquisition;

"PPLs" means the profit participating loans to be entered into by the A Shareholder and B Shareholders in the agreed

form on 25 June 2015;

"Project Costs" means, as applicable, in respect of each Property or Propco or otherwise across the Portfolio and the

Company's Group, all costs and expenses (budgeted or incurred as the context may require) whether or not as set out in
the Business Plan or the Property Business Plans and any such cost shall be a Project Cost whether incurred by any
Shareholder (reasonably and in good faith and in accordance with the provisions of article 21 where relevant) or Company
or Propco (provided that for the avoidance of doubt any such Project Cost incurred by one of such parties shall not be
included a second time as a Project Cost if it is reimbursed to the party who originally incurred it by another of such parties);

"Promote Distribution" means the amount (if any) payable at the End Date to the Promote Shareholders on the Promote

Shares and calculated in accordance with article 24 and being the amount equal to 25% of the Promotable Surplus;

“Promote Percentage Interests” shall mean, at any time for any Promote Shareholder, the quotient, expressed as a

percentage (rounded to the nearest one hundred thousandth of one per cent) of (a) the number of Promote Shares held by
such Shareholder divided by (b) the total number of Promote Shares held by all of the Promote Shareholders;

"Promote Shareholders" means a holder of Promote Shares in Company from time to time;
"Promote Shareholder Representative" means Kevin McGrath;
"Promote Shares" means the C Promote Shares and the D Promote Shares and "Promote Share" means any such share;
"Promotable Surplus" means the hypothetical amount (if any) which would at the End Date reduce the IRR to 12%;
"PropCo" means a company or other entity established or to be established by or on behalf of Company in respect of

one or more Property or Potential Property in accordance with this agreement;

"Property" means a Potential Property which the Company or a member of the Company's Group has acquired or has

agreed to acquire in accordance with this agreement and "Properties" shall be construed accordingly;

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U X E M B O U R G

"Property Business Plan" means a business plan in respect of each Property in the agreed form;
"Required Funding" means the funding required from Shareholders such funding being:
(a) identified in the Business Plan as Required Funding in respect of:
i. the acquisition costs and related expenses of each Property and PropCo; or
ii. any approved additional costs in respect of a Property or a PropCo, including working capital and capital expenditure;

(b) a Debt Service Shortfall Funding; or
(c) otherwise identified and agreed to by the A Shareholder as being a Required Funding,
and in each instance subject to that Shareholder's Maximum Investment (as defined in the Shareholders' Agreement);
"Required Funding Requirement Date" means the Business Day specified for payment of Required Funding in a Call

Notice;

"Shareholder" means a holder of A Shares or B Shares in Company for the time being;
Shareholders' Agreement means any Shareholders' agreement relating to the Company which may exist at any given

time;

"Shareholder Group" means the A Shareholder Group in respect of the A Shareholder, and the B Shareholder Group in

respect of the B Shareholders and "member of the Shareholder Group" and "Shareholders' Group Company" shall be
construed accordingly;

"Shareholder Loan Agreement" means the A SHL Agreement, the B Shareholder SHL Agreements and, as the context

requires, all future agreements in respect of Shareholder Loan Finance;

"Shareholder Loan Finance" or "Shareholder Loan" means any loan finance provided to any member of the Company's

Group pursuant to any Shareholder Agreement, under a Shareholder Loan Agreement and/or under the PPLs or otherwise
by a member of the A Shareholder Group or B Shareholder Group in accordance with the terms of any Shareholder
Agreement;

"Shares" means the A Shares and the B Shares and "Share" means any such share;
"Tag Along Notice" has the meaning given in article 26.1;
"Tag Along Right" has the meaning given in article 26.1;
"Third Party" means any person not being a member of a Shareholder Group or Company Group;
"Third Party Finance" means, in relation to the Company's Group, any indebtedness in the nature of borrowing to a

person not being a member of a Shareholder Group, and excluding, for the avoidance of doubt, the ICGL Bridge Finance;

"Total Equity Funding" means in relation to a Shareholder, the aggregate amount from time to time of the payments

made to all members of the Company's Group by the relevant Shareholder by way of Shareholder Loans or subscription
for Shares (including any share premium paid thereon);

"Transfer" means, in relation to any Share or Promote Shares or any legal or beneficial interest in any Share or Promote

Shares or any other asset, to:

(a) sell, assign, transfer or otherwise dispose of it (otherwise than in the context of succession upon death);
(b) create or permit to subsist any Encumbrance over it;
(c) direct (by way of renunciation or otherwise) that another person should, or assign any right to, receive it;
(d) enter into any agreement in respect of the votes or any other rights attached to it; or
(e) agree, whether or not subject to any condition precedent or subsequent, to do any of the foregoing,
and "Transferred" shall be construed accordingly;
"Transfer Completion" has the meaning given in article 8.5; and
"Transfer Conditions" means any and all consents, approvals, notifications, filings and/or any legal actions, which are

required under applicable law for the irrevocable and unconditional Transfer of Shares, Promote Shares or Shareholder
Loans to be valid and effective and to be in compliance with any such law"

Fifth resolution

The Shareholders including the new subscribers, duly represented, unanimously resolved to requalify the title of the

current manager, Luxembourg Corporation Company S.A., a public limited liability incorporated and existing under the
laws of Luxembourg, with registered office at 20,Carre Bonn, rue de la Poste, L - 2346 Luxembourg and registered with
the Luxembourg Trade and Companies Register under number B 37974, as a class B manager of the Company with
immediate effect and to confirm its mandate until the date of the annual general meeting of the Company to be held in
2016.

Sixth resolution

The Shareholders including the new subscribers, duly represented, unanimously resolved to appoint T.C.G. Gestion

S.A., a public limited liability incorporated and existing under the laws of Luxembourg, with registered office at 20,Carre
Bonn, rue de la Poste, L - 2346 Luxembourg and registered with the Luxembourg Trade and Companies Register under

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U X E M B O U R G

number B 67822 as a new class A manager of the Company, with immediate effect until the date of the annual general
meeting of the Company to be held in 2016.

Seventh resolution

The Shareholders including the new subscribers, duly represented, unanimously resolved to appoint CMS Management

Services S.A., a public limited liability incorporated and existing under the laws of Luxembourg, with registered office at
20,Carre Bonn, rue de la Poste, L - 2346 Luxembourg and registered with the Luxembourg Trade and Companies Register
under number B 81525 as a new class A manager of the Company with immediate effect until the date of the annual general
meeting of the Company to be held in 2016.

Costs and expenses

The expenses, costs, fees and charges of any kind whatsoever, which fall to be paid by the Company as a result of this

deed, are estimated at approximately two thousand five hundred euro (EUR 2,500.-).

Declaration

The undersigned notary, who understands English, states that, on request of the proxyholder of the appearing parties,

the present deed is drafted in English, followed by a French version and that, in case of any difference between the English
and the French text, the English text shall prevail.

Whereof the present notarial deed was drawn up in Luxembourg, on the date named at the beginning of this document.
The document having been read to the appearing parties’ proxyholder, who is known to the notary by his surname, first

name, civil status and residence, the said person signed together with the notary, this original deed.

Suit la version française du texte qui précède:

L'an deux mille quinze, le vingt-cinquième jour du mois de juin,
Par devant Maître Léonie GRETHEN, notaire de résidence à Luxembourg (Grand-Duché de Luxembourg),

ont comparu:

1. ICG-Longbow Equity Investments No. 4 S.à r.l., une société à responsabilité limitée constituée et existante sous le

droit luxembourgeois, ayant un capital social de 11.000 livres sterling, avec siège social au 2, Boulevard Konrad Adenauer,
L-1115 Luxembourg, enregistrée auprès du Registre de Commerce et des Sociétés du Luxembourg, sous le numéro B
195089 ("ICGL"),

2. M&M RETAIL PORTFOLIO LLP, une société à responsabilité limitée, existante selon les lois d'Angleterre et pays

de Galles, avec siège social au 4

ème

étage, 2 Brook Street, Londres, W1S 1BQ, et enregistrée auprès du Companies House

sous le numéro OC3351969 ("M&M");

3. Cool Investments Limited, une société constituée sous les lois d'Angleterre et pays de Galle, avec siège social au 4

ème

étage, 2 Brook Street, London WS1 1BQ, enregistrée auprès du Companies House sous le numéro 08319509 ("Cool"),

4. Etchingham Investments Limited, une société existante sous les lois d'Angleterre et pays de Galle, enregistrée auprès

du Companies House sous le numéro 08319336, avec siège social au 4

ème

étage, 2 Brook Street, London WS1 1BQ

("Etchingham"),

5. Anglezark Limited, une société existante sous les lois d'Angleterre et pays de Galle, avec siège social au 4

ème

étage,

2 Brook Street, London WS1 1BQ, enregistrée auprès du Companies House sous le numéro 08317985 ("Anglezark"), et

6. M. Matthew Kelly résidant à Shearings, Shepherds Lane, Hurley, Berkshire SL6 5NG (Royaume-Uni) ("MK");
Toutes les personnes comparantes susmentionnées ont été représentées par Monsieur Mustafa NEZAR, clerc de notaire,

avec adresse professionnelle à Luxembourg, en vertu de six procurations sous seing privé, qui après avoir été signées ne
varietur par le mandataire des comparants et par le notaire instrumentant, devront être annexées au présent acte pour être
soumises avec lui aux formalités de l'enregistrement.

ICGL et M&M, représentés comme indiqué ci-dessus, ont déclaré qu'à la date du présent acte, ils sont détenteurs de

l'intégralité des parts sociales de Mambow Shopping Centre Holdings S.à r.l., une société à responsabilité limitée constituée
selon les lois du Grand-Duché de Luxembourg, le 6 mai 2015 selon un acte reçu par le notaire instrumentant, en cours de
publication au Mémorial C, Recueil des Sociétés et Associations, ayant son siège social au 20, rue de la Poste, L-2346
Luxembourg, Grand-Duché de Luxembourg, immatriculée auprès du Registre de Commerce et des Sociétés de Luxembourg
sous le numéro B 196881 (la "Société")

Les statuts de la Société n'ont pas été modifiés depuis la constitution.

Transfert de parts sociales

ICGL, M&M, Cool, Etchingham, Anglezark et MK, représentés tel qu'indiqué cidessus ont requis le notaire instrumen-

tant d'acter ce qui suit:

ICGL a vendu et transféré une part sociale (la "Part Sociale"), ayant une valeur nominale d'une livre sterling (£1.-) de

la Société à Cool pour un prix d'achat d'une livre sterling (£1.-) (la "Vente").

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U X E M B O U R G

ICGL, représenté tel qu'indiqué ci-dessus, a déclaré qu'il est le seul détenteur de la Part Sociale et qu'il n'existe aucun

empêchement au transfert de la Part Sociale.

Cool, représenté tel qu'indiqué ci-dessus a accepté d'acquérir la Part Sociale et d'entièrement libérer la Part Sociale en

numéraire.

M&M, représenté tel qu'indiqué ci-dessus, a accepté la Vente de la Part Sociale par ICGL à Cool conformément à l'article

189 de la loi luxembourgeoise sur les sociétés commerciales du 10 août 1915.

Suite à la Vente, ICGL détenait treize mille huit cent soixante-quatorze (13.874) parts sociales d'une valeur nominale

d'une livre sterling (£1,-) dans la Société, M&M détenait neuf cent vingt-cinq (925) parts sociales d'une valeur nominale
d'une livre sterling (£1,-) dans la Société et Cool détenait une (1) part sociale d'une valeur nominale d'une livre sterling
(£1,-) dans le capital social de la Société (Cool, ensemble avec ICGL et M&M, étant ci-après qualifiés d' "Associés").

Les Associés représentés tel qu'indiqué ci-dessus, ont dès lors délibéré sur l'agenda suivant:

Agenda

1. Convertir les quatorze mille huit cents (14.800) parts sociales existantes avec une valeur nominale d'une livre sterling

(£1,-) chacune, émise par la Société en (i) treize mille huit cent soixante-quatorze (13.874) parts sociales de catégorie A
avec une valeur nominale d'une livre sterling (£1,-) chacune, détenues par ICG-Longbow Equity Investments No.4 S.à r.l.,
(ii) une (1) part sociale de catégorie B ayant une valeur nominale d'une livre sterling (£1,-), détenue par Cool Investments
Limited, (iii) six cents (600) parts sociales de catégorie C ayant une valeur nominale d'une livre sterling (£1,-) chacune,
détenues par M&M Retail Portfolio LLP et, (iv) trois cent vingt-cinq (325) parts sociales de catégorie D ayant une valeur
nominale d'une livre sterling (£1,-) chacune, détenues par M&M Retail Portfolio LLP.

2. Augmenter le capital social de la Société d'un montant de mille cinq cents livres sterling (£1.500,-) afin de le porter

de son montant actuel de quatorze mille huit cents livres sterling (£14.800,-) à seize mille trois cents livres sterling
(£16.300,-) par l'émission d' (i) une (1) part sociale de catégorie A avec une valeur nominale d'une livre sterling (£1,-), (ii)
neuf cent vingt-quatre (924) parts sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-), (iii) cent
cinquante (150) parts sociales de catégorie C avec une valeur nominale d'une livre sterling (£1,-) chacune, et (iv) quatre
cent vingt-cinq (425) parts sociales de catégorie D avec une valeur nominale d'une livre sterling (£ 1,-) chacune, ayant les
droits et privilèges comme indiqué dans les statuts coordonnés de la Société, ces derniers étant à approuver sous le point
9 de l'agenda et à libérer entièrement.

3. Accepter la souscription au nom et pour le compte de ICG-Longbow Equity Investments No. 4 S.à r.l., d'une (1)

nouvelle part sociale de catégorie A avec une valeur nominale d'une livre sterling (£ 1,-) et la libération intégrale de cette
nouvelle part sociale de catégorie A ainsi qu'une prime d'émission d'un montant de deux cent quinze mille cinq cent vingt-
cinq livres sterling (£ 215.525,-) par une contribution en numéraire de deux cent quinze mille cinq cent vingt-six livres
sterling (£ 215.526,-).

4. Accepter la souscription au nom et pour le compte de M&M Retail Portfolio LLP, de deux cent soixante-quinze (275)

nouvelles parts sociales de catégorie D avec une valeur nominale d'une livre sterling (£ 1,-) et la libération intégrale de ces
nouvelles parts sociales ainsi qu'une prime d'émission de neuf cent vingt-cinq livres sterling (£ 925,-) par une contribution
en numéraire pour un montant total de mille deux cents livres sterling (£ 1.200,-).

5. Accepter la souscription au nom et pour le compte de Cool Investments Limited de trois cent soixante-neuf (369)

nouvelles parts sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-) et la libération intégrale de ces
nouvelles parts sociales ainsi qu'une prime d'émission de cinq mille trois cent soixante-dix-huit mille virgule vingt livres
sterling (£ 5.378,20) par une contribution en numéraire pour un montant total de cinq mille sept cent quarante-sept virgule
vingt livres sterling (£ 5.747,20).

6. Accepter la souscription au nom et pour le nom de Etchingham Investments Limited de trois cent soixante-dix (370)

nouvelles parts sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-) et la libération intégrale de ces
nouvelles parts sociales ainsi qu'une prime d'émission de cinq mille trois cent soixante-dix-sept virgule vingt livres sterling
(£ 5.377,20) par une contribution en numéraire pour un montant total de cinq mille sept cent quarante-sept virgule vingt
livres sterling (£ 5.747,20).

7. Accepter la souscription au nom et pour le nom de Anglezark Limited de cent quatre-vingt-cinq (185) nouvelles parts

sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-) et la libération intégrale de ces nouvelles parts
sociales ainsi qu'une prime d'émission de deux mille six cent quatre-vingt-huit virgule soixante livres sterling (£ 2.688,60)
par une contribution en numéraire pour un montant total de deux mille huit cent soixante-treize virgule soixante livres
sterling (£ 2.873,60).

8. Accepter la souscription au nom et pour le nom de M. Matthew Kelly à cent cinquante (150) nouvelles parts sociales

de catégorie C et cent cinquante (150) nouvelles parts sociales de catégorie D avec une valeur nominale d'une livre sterling
(£1,-) chacune, et la libération intégrale de ces nouvelles parts sociales de catégorie C et catégorie D par une contribution
en numéraire de trois cents livres sterling (£ 300,-).

9. Modifier l'objet social de la Société.
10. Procéder à la refonte complète des statuts.

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U X E M B O U R G

11. Requalifier Luxembourg Corporation Company S.A., une société anonyme, constituée et existante sous le droit

luxembourgeois, avec siège social à 20, Carre Bonn, rue de la Poste, L-2346 Luxembourg et enregistrée auprès du Registre
de Commerce et des Sociétés du Luxembourg, sous le numéro B 37974, en tant que nouveau Gérant B de la Société avec
effet immédiat et confirmer son mandat jusqu'à la date de la prochaine assemblée générale devant se tenir en 2016.

12. Nommer T.C.G. Gestion S.A., une société anonyme, constituée et existante sous le droit luxembourgeois, avec siège

social à 20, Carre Bonn, rue de la Poste, L-2346 Luxembourg et enregistrée auprès du Registre de Commerce et des Sociétés
du Luxembourg, sous le numéro B 67822 comme nouveau Gérant A de la Société, avec effet immédiat, pour une durée
allant jusqu'à la date de la prochaine assemblée générale devant se tenir en 2016.

13. Nommer CMS Management Services S.A, une société anonyme, constituée et existante sous le droit luxembourgeois,

avec siège social à 20, Carre Bonn, rue de la Poste, L-2346 Luxembourg et enregistrée avec le Registre de Commerce et
des Sociétés du Luxembourg, sous le numéro B 81525 comme nouveau Gérant A de la Société avec effet immédiat, pour
une durée allant jusqu'à la date de la prochaine assemblée générale devant se tenir en 2016.

14. Divers.
Après délibération, les Associés ont adopté à l'unanimité les résolutions suivantes:

Première résolution

Les Associés ont décidé de convertir les quatorze mille huit cents (14.800) parts sociales existantes avec une valeur

nominale d'une livre sterling (£1,-) chacune, émise par la Société en (i) treize mille huit cent soixante-quatorze mille (13.874)
parts sociales de catégorie A avec une valeur nominale d'une livre sterling (£1,-) chacune, détenues par ICG-Longbow
Equity Investments No.4 S.à r.l., (ii) une (1) part sociale de catégorie A avec une valeur nominale d'une livre sterling (£1,-),
détenue par Cool Investments Limited, (iii) six cents (600) parts sociales de catégorie C avec une valeur nominale d'une
livre sterling (£1,-) chacune, détenues par M&M Retail Portfolio LLP et, (iv) trois cent vingt-cinq (325) parts sociales de
catégorie D avec une valeur nominale d'une livre sterling (£1,-) chacune, détenues par M&M Retail Portfolio LLP, ayant
les droits et privilèges comme indiqué dans les statuts coordonnées de la Société, ces derniers étant à approuver à la
quatrième résolution ci-dessous.

Deuxième résolution

Les Associés ont décidé d'augmenter le capital social de la Société d'un montant de mille cinq cents livres sterling (£

1.500,-) afin de le porter de son montant actuel de quatorze mille huit cents livres sterling (£ 14.800,-) à seize mille trois
cents livres sterling (£16.300,-) par l'émission d' (i) une (1) part sociale de catégorie A avec une valeur nominale d'une livre
sterling (£1,-), (ii) neuf cent vingt-quatre (924) parts sociales de catégorie B avec une valeur nominale d'une livre sterling
(£1,-), (iii) cent cinquante (150) parts sociales de catégorie C avec une valeur nominale d'une livre sterling (£1,-) chacune,
et (iv) quatre cent vingt-cinq (425) part sociales de catégorie D avec une valeur nominale d'une livre sterling (£ 1,-) chacune,
ayant les droits et privilèges comme indiqué dans statuts coordonnés de la Société, ces derniers étant à approuver à la
quatrième résolution ci-dessous.

Souscription - Libération

Par conséquent, comparaît désormais Monsieur Mustafa NEZAR, susmentionné, agissant en sa qualité d’agent et man-

dataire dûment autorisé des parties mentionnées, en vertu des procurations mentionnées ci-dessus:

1. Le comparant a déclaré souscrire au nom et pour le compte de ICGLongbow Equity Investments No. 4 S.à r.l. à une

(1) nouvelle part sociale de catégorie A avec une valeur nominale d'une livre sterling (£ 1,-) et la libération intégrale de
cette nouvelle part sociale de catégorie A ainsi qu'une prime d'émission d'un montant de deux cent quinze mille cinq cent
vingt-cinq mille livres sterling (£ 215.525,-) par une contribution en numéraire pour un montant total de deux cent quinze
mille cinq cent vingtsix livres sterling (£ 215.526,-).

2. Le comparant a déclaré souscrire au nom et pour le compte de M&M Retail Portfolio LLP, à deux cent soixante-

quinze (275) nouvelles parts sociales de catégorie D avec une valeur nominale d'une livre sterling (£ 1,-) et la libération
intégrale de ces nouvelles parts sociales ainsi qu'une prime d'émission d'un montant de neuf cent vingt-cinq livres sterling
(£ 925,-) par une contribution en numéraire de mille deux cents livres sterling (£ 1.200,-).

3. Le comparant a déclaré souscrire au nom et pour le compte de Cool Investments Limited à trois cent soixante-neuf

(369) nouvelles parts sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-) et la libération intégrale
de ces nouvelles parts sociales ainsi qu'une prime d'émission d'un montant de cinq mille trois cent soixante-dix-huit virgule
vingt livres sterling (£ 5.378,20) par une contribution en numéraire de cinq mille sept cent quarante-sept virgule vingt livres
sterling (£ 5.747,20).

4. Le comparant a déclaré souscrire au nom et pour le compte de Etchingham Investments Limited à trois cent soixante-

dix (370) nouvelles parts sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-) et la libération intégrale
de ces nouvelles parts sociales ainsi qu'une prime d'émission d'un montant de cinq mille trois cent soixante-dix-sept virgule
vingt livres sterling (£ 5.377,20,-) par une contribution en numéraire de cinq mille sept cent quarante-sept virgule vingt
livres sterling (£ 5.747,20).

5. Le comparant a déclaré souscrire au nom et pour le compte de Anglezark Limited à cent quatre-vingt-cinq (185)

nouvelles parts sociales de catégorie B avec une valeur nominale d'une livre sterling (£1,-) et la libération intégrale de ces

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U X E M B O U R G

nouvelles parts sociales ainsi qu'une prime d'émission d'un montant de deux mille six cent quatre-vingt-huit virgule soixante
livres sterling (£ 2.688,60) par une contribution en numéraire de deux mille huit cent soixante-treize virgule soixante livres
sterling (£ 2.873,60).

6. Le comparant a déclaré souscrire au nom et pour le nom de M. Matthew Kelly à cent cinquante (150) nouvelles parts

sociales de catégorie C et cent cinquante (150) nouvelles parts sociales de catégorie D avec une valeur nominale d'une livre
sterling (£ 1,-) chacune, et la libération intégrale de ces nouvelles parts sociales de catégorie C et catégorie D par une
contribution en numéraire de trois cents livres sterling (£ 300,-).

La preuve du paiement des contributions en numéraire ci-dessus a été fournie au notaire.
Sur ce les Associés ont décidé d'accepter les souscriptions susmentionnées des nouvelles parts sociales.

Troisième résolution

Les Associés y inclus les nouveaux souscripteurs, représentés tel qu'indiqué ci-dessus, ont décidé de modifier l'objet

social de la Société de la manière suivante:

"La Société a pour objet (les "Affaires") la prise de participations directes ou indirectes et la détention de ces partici-

pations, sous n'importe quelle forme, dans toutes entreprises luxembourgeoises ou étrangères, ainsi que l'administration,
la gestion et la mise en valeur de ces participations.

Ceci inclut, mais n'est pas limité à l'investissement, l'acquisition, la vente, l'octroi ou l'émission (sans offre publique) de

certificats de capital préférentiels, prêts, obligations, reconnaissances de dettes et autres formes de dettes, parts sociales,
bons de souscriptions et autres instruments de capital ou droits, incluant sans limitation, des parts de capital social, parti-
cipations dans une association (limited partnership), participations dans une société à responsabilité limitée (limited liability
company), parts préférentielles, valeurs mobilières et swaps, et toute combinaison de ce qui précède, qu'ils soient facilement
réalisables ou non, ainsi que des engagements (incluant mais non limité à des engagements relatives à des valeurs synthé-
tiques) de sociétés, entités ou autres personnes juridiques de tout type.

La Société peut aussi utiliser ses fonds pour investir dans l'immobilier, les droits de propriété intellectuelle ou dans tout

autre actif mobilier ou immobilier de toute sorte ou toute forme.

La Société peut accorder des gages, garanties, privilèges, hypothèques et toute autre forme de sûretés ainsi que toute

forme d'indemnités, à des entités luxembourgeoises ou étrangères, en relation avec ses propres obligations et dettes.

La Société peut accorder toute forme d'assistance (incluant mais non limité à l'octroi d'avances, prêts, dépôts d'argent

et crédits ainsi que l'octroi de gages, garanties, privilèges, hypothèques et toute autre forme de sûretés, de toute sorte et
forme) aux filiales de la Société. De manière plus occasionnelle, la Société peut accorder le même type d'assistance aux
sociétés qui font partie du même groupe de sociétés que la Société ou à des tiers, sous condition que cela tombe dans l'intérêt
social et sans engendrer une obligation d'une autorisation spécifique.

D'une manière générale, la Société peut effectuer toute opération commerciale, industrielle, financière ou immobilière

et s'engager dans toute autre activité qu'elle jugera nécessaire, conseillée, appropriée, incidente à ou non contradictoire
avec l'accomplissement et le développement de ce qui précède.

Nonobstant ce qui précède, la Société ne s'engagera dans aucune transaction qui entraînerait son engagement dans une

quelconque activité qui serait considérée comme une activité réglementée ou qui requerrait de la Société la possession de
toute autre autorisation spécifique."

Quatrième résolution

Les Associées y inclus les nouveaux souscripteurs, représentés tel qu'indiqué ci-dessus, décidèrent à l'unanimité de

réformer les statuts de la Société dans leur intégralité, de la manière suivante:

Forme sociale - Dénomination - Siège social - Objet - Durée

1. Forme sociale.
1.1 La société qui suit existe sous la forme d'une société à responsabilité limitée (la "Société") régie par la loi du 10 août

1915 sur les sociétés commerciales, telle que modifiée (la "Loi"), par l'article 1382 du code civil luxembourgeois, ainsi
que par les présents statuts (les "Statuts").

1.2 La Société peut avoir un associé ou plusieurs associés n'excédant pas le nombre de quarante (40).

2. Dénomination.
2.1 La Société existe sous la dénomination de "MAMBOW Shopping Centre Holdings S.à r.l.".

3. Siège social.
3.1 Le siège social de la Société est établi à Luxembourg-ville, Grand-Duché de Luxembourg.
3.2 Le Conseil est autorisé à modifier l'adresse du siège social de la Société dans cette même commune.
3.3 Il peut être créé des succursales, filiales ou autres bureaux tant au Grand-Duché de Luxembourg qu'à l'étranger par

décision du Conseil.

3.4 Dans l'hypothèse où le Conseil estime que des évènements extraordinaires d'ordre publique, économique ou social

ou des catastrophes naturelles se sont produits ou sont imminents, de nature à compromettre l'activité normale de la Société

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à son siège social, il pourra transférer provisoirement le siège social à l'étranger jusqu'à la cessation complète de ces
circonstances extraordinaires; ces mesures provisoires n'auront toutefois aucun effet sur la nationalité de la Société, laquelle,
nonobstant ce transfert provisoire, restera luxembourgeoise.

4. Objet. La Société a pour objet (les "Affaires") la prise de participations directes ou indirectes et la détention de ces

participations, sous n'importe quelle forme, dans toutes entreprises luxembourgeoises ou étrangères, ainsi que l'adminis-
tration, la gestion et la mise en valeur de ces participations.