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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° 805

18 mars 2016

SOMMAIRE

Beauregard Capital Sicav . . . . . . . . . . . . . . . . .

38603

BlackRock (Luxembourg) S.A. . . . . . . . . . . . .

38609

d'Amico International Shipping S.A. . . . . . . .

38596

d'Amico International Shipping S.A. . . . . . . .

38599

DB Platinum . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38606

DB Platinum II . . . . . . . . . . . . . . . . . . . . . . . . . .

38608

DB Platinum IV . . . . . . . . . . . . . . . . . . . . . . . . .

38607

Dual Return Fund (Sicav) . . . . . . . . . . . . . . . . .

38601

EDU Luxco S.à r.l. . . . . . . . . . . . . . . . . . . . . . . .

38640

EEC Investments S.A. . . . . . . . . . . . . . . . . . . . .

38640

Ergeco (SPF) S.A. . . . . . . . . . . . . . . . . . . . . . . .

38640

Eurofins Scientific SE . . . . . . . . . . . . . . . . . . . .

38595

Foxitec S.A. SPF . . . . . . . . . . . . . . . . . . . . . . . . .

38604

Global Advantage Funds . . . . . . . . . . . . . . . . .

38605

Global Green Fund FCP-SIF . . . . . . . . . . . . . .

38609

Hogepa S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38638

HSH Nordbank Securities S.A. . . . . . . . . . . . .

38640

Imprimerie Centrale . . . . . . . . . . . . . . . . . . . . .

38594

Infusive Ucits Fund . . . . . . . . . . . . . . . . . . . . . .

38612

Interfund Sicav . . . . . . . . . . . . . . . . . . . . . . . . .

38604

Marsan Holding S.A. . . . . . . . . . . . . . . . . . . . . .

38603

Nikkei Invest Corporation S.A., SPF . . . . . . . .

38604

NN (L) CMF . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38605

Nordea Asset Allocation Fund . . . . . . . . . . . . .

38638

Nordea International Fund . . . . . . . . . . . . . . . .

38638

Northgate Luxembourg Holdings GP S.à r.l.

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

38626

Subsea 7 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

38602

UniInstitutional Corporate Hybrid Bonds . . .

38612

UniInstitutional Corporate Hybrid Bonds . . .

38626

UniInstitutional Euro Subordinated Bonds . .

38612

UniInstitutional Euro Subordinated Bonds . .

38612

Valau S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38602

Vivaro Holdings S.A. . . . . . . . . . . . . . . . . . . . . .

38594

Wenkelhiel . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38594

38593

U X E M B O U R G

Wenkelhiel, Société Anonyme.

Siège social: L-1521 Luxembourg, 123-125, rue Adolphe Fischer.

R.C.S. Luxembourg B 105.149.

Les actionnaires sont priés de bien vouloir assister à

l'ASSEMBLÉE GÉNÉRALE ORDINAIRE

qui se tiendra au siège social, le 1er avril 2016 à 16.00 heures, avec l'ordre du jour suivant :

Ordre du jour:

1. Rapports du Conseil d'Administration et du Réviseur d'entreprises
2. Approbation des comptes annuels au 31 décembre 2015
3. Affectation des résultats
4. Décharge aux Administrateurs et au Réviseur d'entreprises
5. Décisions concernant les actions déposées
6. Nominations statutaires

Pour pouvoir assister à cette assemblée, les actionnaires sont priés d'informer le Conseil d'Administration cinq jours au

moins avant l'assemblée de leur intention d'y assister.

Le Conseil d'Administration.

Référence de publication: 2016052675/19.

Imprimerie Centrale, Société Anonyme.

Siège social: L-1351 Luxembourg, 15, rue du Commerce.

R.C.S. Luxembourg B 104.983.

Les actionnaires sont priés de bien vouloir assister à

l'ASSEMBLÉE GÉNÉRALE ORDINAIRE

qui se tiendra au siège social, le 1er avril 2016 à 17.00 heures, avec l'ordre du jour suivant :

Ordre du jour:

Pour pouvoir assister à cette assemblée, les actionnaires sont priés d'informer le Conseil d'Administration cinq jours au

moins avant l'assemblée de leur intention d'y assister.

Le Conseil d'Administration.

Référence de publication: 2016052676/19.

Vivaro Holdings S.A., Société Anonyme Holding.

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 107.199.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu vendredi 8 avr. 2016 à 09:00 heures au siège social de la société, avec l'ordre du jour suivant :

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2015.
2. Approbation du rapport du commissaire aux comptes.
3. Renouvellement et / ou nomination des administrateurs et du commissaire aux comptes..
4. Décharge à donner aux administrateurs et au commissaire aux comptes.
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2016080594/1267/16.

38594

U X E M B O U R G

Eurofins Scientific SE, Société Européenne.

Capital social: EUR 1.538.975,90.

Siège social: L-1526 Luxembourg, 23, Val Fleuri.

R.C.S. Luxembourg B 167.775.

Mesdames et Messieurs les actionnaires de la Société, et uniquement avec voix consultative les porteurs d'obligations

à bons de souscription et/ou d'acquisition d'actions remboursables (ISIN : FR0010891770), de Deeply Subordinated Fixed
to Floating Rate Bonds (ISIN : XS0881803646 et XS1224953882) et/ou de Senior Unsecured Euro Bonds (ISIN :
XS0996772876, XS1174211471 et XS1268496640) émis par la Société, sont invités à assister à

l'ASSEMBLÉE GÉNÉRALE ORDINAIRE ANNUELLE

et Extraordinaire des Actionnaires qui se tiendra le 19 avril 2016 à 17 heures 30 au MELIÃ LUXEMBOURG 1, Park

Drai Eechelen, L-1499 Luxembourg Grand-Duché de Luxembourg à l'effet de délibérer sur l'ordre du jour suivant :

Ordre du jour:

• De la compétence de l'Assemblée Générale statuant aux conditions de quorum et de majorité d'une Assemblée

Générale Ordinaire :

• Lecture du rapport de gestion du Conseil d'Administration, incluant le rapport sur la gestion du groupe, le rapport

spécial sur les opérations réalisées au titre du capital autorisé établi en application des stipulations de l'article 8 Bis
des statuts et le rapport spécial sur les rachats par la Société de ses propres actions au titre de l'exercice clos le 31
décembre 2015 tel que prévu à l'article 49-2 de la loi luxembourgeoise du 10 août 1915 concernant les sociétés
commerciales telle que modifiée ;

• Lecture du rapport du Réviseur d'Entreprises Agréé sur les comptes annuels préparés en conformité avec les lois et

règlements du Grand-Duché de Luxembourg, les états financiers consolidés du groupe préparés en conformité avec
les normes internationales d'information financière (IFRS), pour l'exercice social 2015, et sur l'exécution de sa mis-
sion ;

• Conventions conclues au cours de l'exercice clos le 31 décembre 2015 et visées par l'article 57 de la loi luxembour-

geoise du 10 août 1915 concernant les sociétés commerciales telle que modifiée ;

• Approbation des états financiers consolidés de l'exercice clos le 31 décembre 2015 ;
• Approbation des comptes sociaux annuels de l'exercice clos le 31 décembre 2015 ;
• Affectation du résultat de l'exercice clos le 31 décembre 2015 ;
• Décharge à donner aux membres du Conseil d'Administration pour leur gestion au titre de l'exercice 2015;
• Décharge à donner à PricewaterhouseCoopers, Réviseur d'Entreprises Agréé, pour l'exécution de sa mission au titre

de l'exercice social 2015 ;

• Renouvellement du mandat d'Administrateur de Monsieur Gilles Gérard Jean Henri MARTIN ;
• Renouvellement du mandat d'Administrateur de Monsieur Yves-Loïc Jean-Michel MARTIN ;
• Renouvellement du mandat d'Administrateur de Monsieur Stuart Anthony ANDERSON ;
• Renouvellement du mandat d'Administrateur de Madame Valérie Anne-Marie HANOTE ;
• Renouvellement du mandat de PricewaterhouseCoopers ou nomination d'un nouveau Réviseur d'Entreprises Agréé

de la Société ;

• Fixation des jetons de présence alloués aux administrateurs au titre de l'exercice 2016 ;
• Compte rendu des opérations sur capital réalisées par le Conseil d'Administration au titre du programme de rachat

d'actions arrêté par l'Assemblée Générale extraordinaire du 16 avril 2013 ;

• Pouvoirs pour l'accomplissement des formalités.

De la compétence de l'Assemblée Générale statuant aux conditions de quorum et de majorité d'une Assemblée Générale

Extraordinaire :

• Lecture du rapport du Conseil d'Administration établi conformément aux dispositions de l'article 32-3 (5) de la loi

luxembourgeoise du 10 août 1915 concernant les sociétés commerciales telle que modifiée et inclus dans le rapport
de gestion ;

• Renouvellement pour une nouvelle période de cinq années, à compter de la publication des résolutions de l'Assemblée

Générale Extraordinaire au Mémorial C, Recueil des Sociétés et Associations, de l'autorisation donnée au Conseil
d'Administration d'émettre des actions aux conditions qui lui conviendront et particulièrement sans avoir à réserver
un droit préférentiel de souscription aux actionnaires existants concernant les nouvelles actions à émettre dans la
limite du montant global maximal de capital autorisé aux termes de l'article 8 Bis des statuts ; maintien du montant
actuel maximum du capital autorisé, précision des termes pour inclure la possibilité d'émettre tout instrument, titre,
option, warrant, convertible ou échangeable, donnant un droit immédiat ou différé à des actions ordinaires (y compris
le cas échéant à titre gratuit), de la Société et modification corrélative de l'article 8 Bis de statuts ;

• Modification de l'article 12 Bis des statuts en vue de clarifier le cadre juridique des parts bénéficiaires ;
• Ajout d'un nouvel article 12 Ter dans les statuts relatif à l'émission de parts bénéficiaires pour tout actionnaire qui

justifiera d'une inscription en compte nominatif pendant cinq années consécutives ;

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U X E M B O U R G

• Autorisation à conférer au Conseil d'Administration en vue d'attribuer gratuitement des actions aux membres du

personnel salarié, et/ou aux mandataires sociaux, ou certaines catégories d'entre eux, de la Société et/ou des sociétés
qui lui sont liées directement ou indirectement ;

• Pouvoirs pour l'accomplissement des formalités légales.

Seuls les actionnaires dont la qualité d'actionnaire apparaît directement ou indirectement dans le registre des actionnaires

de la Société à la Date d'Enregistrement disposeront du droit de participer et de voter à l'Assemblée Générale.

LA " DATE D'ENREGISTREMENT " EST FIXEE AU 5 AVRIL 2016 A MINUIT (24 HEURES) HEURE DE LU-

XEMBOURG.

Si vous souhaitez assister à l'Assemblée Générale :
Les actionnaires qui possèdent des actions dont la propriété est enregistrée directement, en leur nom, dans le registre

des actionnaires de la Société, sont invités à annoncer leur intention d'assister à l'Assemblée Générale en complétant, signant
et datant le formulaire de participation puis en le renvoyant à la Société par courrier postal (Eurofins Scientific S.E., Att :
Service AG, 23, Val Fleuri, L-1526 Luxembourg) ou électronique (AG2016@eurofins.com). Le formulaire de participation
doit être reçu par la Société au plus tard à minuit (heure de Luxembourg) le 5 avril 2016.

Les actionnaires dont les actions sont détenues en système de compensation (clearing) ou par le biais d'un intermédiaire

financier et qui choisissent d'assister et voter en personne à l'Assemblée Générale doivent obtenir de leur intermédiaire
financier auprès duquel leurs actions sont en dépôt, un CERTIFICAT D'ENREGISTREMENT indiquant le nombre d'ac-
tions enregistrées à la Date d'Enregistrement qu'ils envoient à la Société accompagné du formulaire de participation par
courrier postal (Eurofins Scientific S.E., Att : Service AG, 23, Val Fleuri, L-1526 Luxembourg) ou électronique
(AG2016@eurofins.com), qui doit les recevoir au plus tard à minuit (heure de Luxembourg) le 14 avril 2016.

Si vous souhaitez voter par procuration ou par correspondance : La Société tient à la disposition des actionnaires des

formulaires uniques de procuration et de vote par correspondance, au siège social de la Société ou sur son site internet.

Les formulaires, dûment remplis et signés, ne seront pris en compte qu'à la condition de parvenir au siège social de la

Société au plus tard à minuit (24 heures) heure de Luxembourg, le 15 avril 2016.

Les porteurs d'obligations à bons de souscription et/ou d'acquisition d'actions remboursables (ISIN : FR0010891770),

de Deeply Subordinated Fixed to Floating Rate Bonds (ISIN : XS0881803646 et XS1224953882) et/ou de Senior Unsecured
Euro Bonds (ISIN : XS0996772876, XS1174211471 et XS1268496640) ont le droit de prendre connaissance des pièces
déposées et peuvent assister à l'Assemblée Générale, mais uniquement avec voix consultative.

Le texte complet de la convocation ainsi que les documents qui doivent être communiqués à l'Assemblée Générale sont

disponibles sur le site internet de la Société (http://www.eurofins.com/en/investor-relations/agm-2016.aspx) et au siège
social de la Société. Chaque actionnaire, sur production de son titre, peut obtenir gratuitement copie des documents dans
les conditions légales applicables.

Contact :
Eurofins Scientific S.E., Att : Service AG,
23, Val Fleuri, L-1526 Luxembourg, Grand-Duché de Luxembourg
Tel : +352 261 85 31 Fax : +352 261 85 331
AG2016@eurofins.com

Le Conseil d'Administration.

Référence de publication: 2016077611/98.

d'Amico International Shipping S.A., Société Anonyme.

Siège social: L-2449 Luxembourg, 25C, boulevard Royal.

R.C.S. Luxembourg B 124.790.

The

ANNUAL GENERAL MEETING

of the shareholders of the Company (to the holders of shares with Common Code 029069751 and ISIN Code

LU0290697514) (hereinafter, the "Meeting") will be held at the registered address of the Company, 25C boulevard Royal,
L-2449 Luxembourg, Grand Duchy of Luxembourg, on April 20th, 2016 , at 11.00 a.m., to discuss and resolve on the
following

Agenda:

1. Consideration of the reports of the Company's board of directors and of the Company's external independent auditor

("réviseur d'entreprises agréé") on the consolidated and statutory annual accounts of the Company as at December
31st, 2015;

2. Consideration and approval of the consolidated annual accounts of the Company as at December 31st, 2015 and the

Company's statutory annual accounts as at December 31st, 2015;

38596

U X E M B O U R G

3. Approval of the allocation of results of the 2015 fiscal year and dividend distribution;
4. Discharge of the members of the board of directors for the year ended December 31st, 2015;
5. Approval of 2016 directors' fees;
6. 2015 report of the board of directors on remuneration (drafted in compliance with article 123-ter, clause 6, of Italian

Legislative Decree 58/98): consideration and evaluation of section I of the report;

7. Approval of the stock option plan of the Company;
8. Renewal of the authorization to the board of directors to repurchase the own shares of the Company.

Quorum and Majority Requirements

The Meeting shall validly deliberate regardless of the percentage of the Company's corporate capital being represented.

Resolutions shall be adopted by a simple majority of the votes cast by the shareholders present or represented at the Meeting.

Declaration of Intention to Participate in the Meeting
Shareholders must notify the Company on the day of the Record Date (as defined hereafter) of their intention to par-

ticipate in the Meeting by sending a certificate (the "Certificate") indicating, inter alia, (i) the name and/or corporate name
and the domicile of the shareholder and/or registered address, (ii) a confirmation of participation in the Meeting and (iii)
a confirmation of the number of shares held by the shareholder after closing of the markets on the Record Date (the
"Shareholder's Details"). For shareholders holding their shares through an Intermediary (as defined hereafter), the Certif-
icate being prepared by the Intermediary with which the shares are held shall be sent to BNP Paribas Securities Services,
Luxembourg branch ("BNP Paribas") in its capacity as the duly mandated agent of the Company with copy to the Company
exclusively through Euroclear and Clearstream. In that respect, Intermediaries are further requested to compulsory instruct
Euroclear and Clearstream to further confirm to BNP Paribas all Shareholder's Details.

Voting Rights and Record Date

The rights of a shareholder to attend and speak at the Meeting and to vote in respect of his shares shall be determined

with respect to the shares held by the shareholder on April 6th, 2016 at 24:00 hours Luxembourg time (the "Record Date").
Only those who are shareholders on that Record Date shall have the right to participate and vote at the Meeting.

Shareholders present or represented are requested to bring a copy of the Certificate to the Meeting in order to present it

to the board of the Meeting.

Representation by Proxy or Voting by Ballot Paper

Each share is indivisible as far as the Company is concerned. The co-proprietors, the usufructuaries and bare-owners of

shares, the creditors and debtors of pledged shares must appoint one sole person to represent them at any general meeting
of shareholders.

Shareholders need not be present at the Meeting in person. In accordance with the Company's Articles of Association,

a shareholder at the Record Date may act at the Meeting by appointing another person who need not be a shareholder
himself, subject to the production of the original of the executed proxy to the Meeting in order to present it to the board of
the Meeting. The proxy holder shall enjoy the same rights to speak and ask questions at the Meeting as those to which the
shareholder thus represented would be entitled. Each shareholder shall only be represented by one proxy holder at the
Meeting except that:

(i) if a shareholder has shares of the Company held in more than one securities account, he may appoint one proxy holder

per securities account at the Meeting;

(ii) a shareholder acting professionally for the account of other natural or legal persons may appoint each of these natural

or legal persons or third parties appointed by them.

A person acting as a proxy holder may hold a proxy from more than one shareholder without limitation as to the number

of shareholders so represented. Where a proxy holder holds proxies from several shareholders, it may cast votes for a certain
shareholder differently from votes cast for another shareholder.

Alternatively, in accordance with the Company's Articles of Association, a shareholder may cast his vote by a ballot

paper ("formulaire") expressed in the English language.

Any ballot paper which does not bear the mentions or indications required by the Company's Articles of Association is

to be considered void and shall be disregarded for quorum purposes. In case a proposed resolution is amended by the
Meeting, the votes expressed on such proposed resolution pursuant to the ballot papers received shall be void.

Shareholders must instruct the commercial bank, broker, dealer, custodian, trust company, accountholder, professional

securities depositary, financial institution or other qualified intermediary through which they hold their shares (hereinafter,
the "Intermediary") who handles the management of the Company's shares by using the proxy form or the ballot paper
form.

Intermediaries shall ensure that the signed and dated proxy forms with vote instructions and the ballot papers be delivered

38597

U X E M B O U R G

to confirm the deadline for receipt of their proxy forms with vote instructions and ballot papers by such Intermediary to
ensure their onward delivery to BNP Paribas by the relevant deadline.

Shareholders acknowledge that by sending their proxy forms with their voting instructions or their ballot paper form

they will be deemed to consent to having the relevant Intermediary, including but not limited to Euroclear and Clearstream,
provide all details concerning their identity to BNP Paribas and to the Company.

Relevant proxy forms and/or ballot papers forms ("formulaires") may be obtained, free of charge, at the registered office

of the Company, on the Company's website www.damicointernationalshipping.com (hereinafter, the "Website") or at BNP
Paribas.

Documentation for the Meeting

In full compliance with the laws and regulations in force and applicable to the Company, the required supporting

documentation, the convening notice, the total number of shares and voting rights, the draft resolutions and the proxy and
ballot papers forms are deposited and available to the public at the Company's registered office and on the Website. The
above mentioned set of documents is also filed with Borsa Italiana S.p.A. and CONSOB through the SDIR-NIS mechanism.

Shareholders may upon request obtain a copy of the full, unabridged text of the documents to be submitted to the Meeting

and draft resolutions proposed to be adopted by the Meeting by electronic means at the address of the Company indicated
below or by postal services at the registered office of the Company.

Right to Put Items on the Agenda and to Table Draft Resolutions

In accordance with the Company's Articles of Association, shareholders holding individually or collectively at least five

per cent (5%) of the share capital of the Company: (a) have the right to put items on the agenda of the Meeting; and (b)
have the right to table draft resolutions for items included or to be included on the agenda of the Meeting. Those rights
shall be exercised upon requests of the shareholders in writing submitted to the Company by postal services or electronic
means at the addresses of the Company indicated below. The requests shall be accompanied by a justification or a draft
resolution to be adopted in the Meeting and shall include the electronic or mailing address at which the Company can
acknowledge receipt of these requests. The requests from the shareholders shall be received by the Company at the latest
on March 29th, 2016.

Right to Ask Questions

In accordance with the Company's Articles of Association, shareholders shall have the right to ask questions at the

Meeting related to items on the agenda of the Meeting. The Company shall answer the questions put to it by shareholders.
The right to ask questions and the obligation of the Company to answer are subject to the measures to be taken by the
Company to ensure the identification of shareholders, the good order of general meetings and their preparation as well as
the protection of confidentiality and business interests of the Company.

The contact details of the Company are as follows:

Company
d'Amico International Shipping S.A.
25 C, boulevard Royal, L-2449 Luxembourg, Grand Duchy of Luxembourg
Fax: + 352 26 26 24 54, Email: ir@damicointernationalshipping.com
Attention: Mr. Marco FIORI, CEO / Mrs. Anna FRANCHIN, Investor Relations Manager

The contact details of the centralising bank mandated by the Company are as follows:

BNP Paribas Securities Services Branch Luxembourg
Corporate Trust Services
33 rue de Gasperich - Howald - Hesperange,
L-2085 Luxembourg, Grand Duchy of Luxembourg
Tel: + 352 2696 2518/2407 Fax: + 352 2696 9757
Email: lux.ostdomiciliees@bnpparibas.com
Attention: Lux ost domiciliées, Sabrina DEVERSENNE / Rudolf VOIGTLANDER
March 18th, 2016
For the Board of Directors
___________________________
Paolo d'Amico
Chairman
Référence de publication: 2016080588/267/123.

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U X E M B O U R G

d'Amico International Shipping S.A., Société Anonyme.

Siège social: L-2449 Luxembourg, 25C, boulevard Royal.

R.C.S. Luxembourg B 124.790.

The

EXTRAORDINARY GENERAL MEETING

of the shareholders of the Company (to the holders of shares with Common Code 029069751 and ISIN Code

LU0290697514)(hereinafter, the "Meeting") will be held at the registered address of the Company, 25C boulevard Royal,
L-2449 Luxembourg, Grand Duchy of Luxembourg, on April 20th, 2016 , at 11.40 a.m., to discuss and resolve on the
following:

Agenda:

1. To amend article 6 of the articles of association of the Company as per the wording proposed in the board of directors

report tabled to the extraordinary general meeting of shareholders.

Quorum and Majority Requirements

The Meeting shall validly deliberate provided a quorum of half of the shares issued and outstanding is reached. If the

quorum is not reached at the first meeting a second meeting may be convened at which no quorum requirement shall apply.
Resolutions shall be adopted by a majority of 2/3 of the votes cast by the shareholders present or represented at the Meeting.

Declaration of Intention to Participate in the Meeting
Shareholders must notify the Company on the day of the Record Date (as defined hereafter) of their intention to par-

Voting Rights and Record Date

The rights of a shareholder to attend and speak at the Meeting and to vote in respect of his shares shall be determined

Shareholders present or represented are requested to bring a copy of the Certificate to the Meeting in order to present it

to the board of the Meeting.

Representation by Proxy or Voting by Ballot Paper
Each share is indivisible as far as the Company is concerned. The co-proprietors, the usufructuaries and bare-owners of

shares, the creditors and debtors of pledged shares must appoint one sole person to represent them at any general meeting
of shareholders.

Shareholders need not be present at the Meeting in person. In accordance with the Company's Articles of Association,

(i) if a shareholder has shares of the Company held in more than one securities account, he may appoint one proxy holder

per securities account at the Meeting;

(ii) a shareholder acting professionally for the account of other natural or legal persons may appoint each of these natural

or legal persons or third parties appointed by them.

A person acting as a proxy holder may hold a proxy from more than one shareholder without limitation as to the number

of shareholders so represented. Where a proxy holder holds proxies from several shareholders, it may cast votes for a certain
shareholder differently from votes cast for another shareholder.

Alternatively, in accordance with the Company's Articles of Association, a shareholder may cast his vote by a ballot

paper ("formulaire") expressed in the English language.

Any ballot paper which does not bear the mentions or indications required by the Company's Articles of Association is

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U X E M B O U R G

Shareholders must instruct the commercial bank, broker, dealer, custodian, trust company, accountholder, professional

Intermediaries shall ensure that the signed and dated proxy forms with vote instructions and the ballot papers be delivered

by hand with acknowledgment of receipt, by registered post with acknowledgment of receipt, by special courier service
using an internationally recognised courier company, by email or by fax to BNP Paribas with copy to the Company no later
than 5:00 p.m. Luxembourg time on April 15th, 2016. Beneficial owners of shares held through an Intermediary are urged
to confirm the deadline for receipt of their proxy forms with vote instructions and ballot papers by such Intermediary to
ensure their onward delivery to BNP Paribas by the relevant deadline.

Shareholders acknowledge that by sending their proxy forms with their voting instructions or their ballot paper form

Relevant proxy forms and/or ballot papers forms ("formulaires") may be obtained, free of charge, at the registered office

of the Company, on the Company's website www.damicointernationalshipping.com (hereinafter, the "Website") or at BNP
Paribas.

Documentation for the Meeting

In full compliance with the laws and regulations in force and applicable to the Company, the required supporting

Shareholders may upon request obtain a copy of the full, unabridged text of the documents to be submitted to the Meeting

and draft resolutions proposed to be adopted by the Meeting by electronic means at the address of the Company indicated
below or by postal services at the registered office of the Company.

Right to Put Items on the Agenda and to Table Draft Resolutions

In accordance with the Company's Articles of Association, shareholders holding individually or collectively at least five

Right to Ask Questions

In accordance with the Company's Articles of Association, shareholders shall have the right to ask questions at the

The contact details of the Company are as follows:

The contact details of the centralising bank mandated by the Company are as follows:

38600

U X E M B O U R G

For the Board of Directors

__________________________

Paolo d'Amico

Chairman

Référence de publication: 2016080587/267/115.

Dual Return Fund (Sicav), Société d'Investissement à Capital Variable.

Siège social: L-5365 Munsbach, 1B, rue Gabriel Lippmann.

R.C.S. Luxembourg B 112.224.

Die Aktionäre des DUAL RETURN FUND ("die Gesellschaft") - einer Investmentgesellschaft mit variablem Kapital,

deren ausschließlicher Zweck darin besteht, die ihr zur Verfügung stehenden Mittel in Wertpapiere und andere gesetzlich
zulässige Vermögenswerte zu investieren, um das Anlagerisiko zu streuen und ihren Anteilsinhabern eine Beteiligung an
den Ergebnissen der Verwaltung ihrer Vermögenswerte zu ermöglichen - werden hiermit zu einer

AUSSERORDENTLICHEN GENERALVERSAMMLUNG

der Aktionäre eingeladen, die am 7. April 2016 um 10:00 Uhr am Amtssitz des Notars Hellinckx in 101, rue Cents,

L-1319 Luxembourg, stattfinden wird.

Tagesordnung:

Die Tagesordnung lautet wie folgt:

1. Neufassung der Satzung in deutscher Sprache unter Anpassung an die aktuelle Rechtslage und an die Vorausset-

zungen des deutschen Kapital und Anlagegesetzbuches (KAGB).
Hierzu sollen die Artikel 4, 5, 7, 12, 22 der Satzung geändert bzw. ergänzt werden und - unter entsprechender
Anpassung der Nummerierung der nachfolgenden Artikel - die Artikel 28 bis 36 neu eingefügt werden.

2. Verlegung des Gesellschaftssitzes von 1B, rue Gabriel Lippmann, L-5365 Munsbach zu 15, rue de Flaxweiler, L-6776

Grevenmacher.
Hierzu soll Artikel 2 der Satzung entsprechend geändert werden.

3. Verlegung des Termins der Jahreshauptversammlung auf den dritten Freitag im April um 11:00 Uhr.

Hierzu sollen die Artikel 23 und 24 der Satzung entsprechend geändert werden.

4. Festlegung des Rücknahmetages für Aktien und des Bewertungstages in der Satzung.

Hierzu soll Artikel 8 der Satzung geändert werden.

5. Inkrafttreten der Satzungsänderung am 19. Mai 2016.
6. Verschiedenes

Die Aktionäre können eine änderungsmarkierte Version der neugefassten Satzung kostenfrei bei der Verwaltungsge-

sellschaft (15, rue de Flaxweiler, L-6776 Grevenmacher, Fax: +352 76 94 94 - 599, E-Mail: legal@axxion.lu) anfordern.

Diese außerordentliche Generalversammlung ist nur dann beschlussfähig, wenn ein Anwesenheitsquorum von mindes-

tens 50 % des Gesellschaftskapitals eingehalten wird. Sollte ein solches Quorum nicht erreicht werden, ist nach den
Vorschriften des Luxemburger Rechts eine zweite Generalversammlung einzuberufen. Ein Anwesenheitsquorum ist im
Rahmen dieser zweiten Generalversammlung nicht vorgesehen. Für alle Punkte der Tagesordnung gilt auf beiden Ver-
sammlungen ein Stimmenmehrheitserfordernis von mindestens zwei Dritteln der abgegebenen Stimmen. Grundlage für
die Beschlussmehrheit sind die am fünften Tag vor der außerordentlichen Generalversammlung (Stichtag) im Umlauf
befindlichen Aktien gem. Art. 26 (4) des Gesetzes vom 17. Dezember 2010 über Organismen für gemeinsame Anlagen.

Die Aktionäre sind berechtigt, an der außerordentlichen Generalversammlung teilzunehmen oder sich vertreten zu las-

sen. Aktionäre, die sich vertreten lassen möchten, können eine entsprechende Vollmacht bei der Verwaltungsgesellschaft
(15, rue de Flaxweiler, L-6776 Grevenmacher, Fax: +352 76 94 94 - 599, E-Mail: legal@axxion.lu) anfordern und werden
gebeten, diese bis zum o.g. Stichtag unterschrieben an die Gesellschaft zurückzusenden.

Aktionäre, die an der außerordentlichen Generalversammlung teilnehmen möchten, müssen sich zum o.g. Stichtag vor

der außerordentlichen Generalversammlung am Sitz der Verwaltungsgesellschaft anmelden.

Aktionäre, die ihren Aktienbestand in einem Depot bei einer Bank unterhalten, werden gebeten, ihre depotführende

Bank mit der Übersendung einer Depotbestandsbescheinigung zu beauftragen, die bestätigt, dass die Aktien bis nach der
außerordentlichen Generalversammlung gesperrt gehalten werden. Die Depotbestandsbescheinigung muss der Gesellschaft
bis zum o.g. Stichtag vorliegen.

Der Verwaltungsrat.

Référence de publication: 2016080591/48.

38601

U X E M B O U R G

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

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 35.284.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu jeudi 07 avr. 2016 à 10:00 heures au siège social de la société, avec l'ordre du jour suivant :

Ordre du jour:

1. Approbation des comptes annuels et affectation des résultats au 31/12/2015.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Renouvellement et / ou nomination des administrateurs et du commissaire aux comptes.
5. Divers.

Le Conseil d'Administration.

Référence de publication: 2016080595/1267/16.

Subsea 7 S.A., Société Anonyme.

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

R.C.S. Luxembourg B 43.172.

The Shareholders are hereby convened to the

ANNUAL GENERAL MEETING

(the "AGM") of the Shareholders of Subsea 7 S.A. (the "Company"), RCS Luxembourg N° B 43172, having its registered

office at 412F, route d'Esch, L-2086 Luxembourg, to be held at its registered office on 14 April 2016 at 15:00 hours (local
time).

Agenda:

1. To approve the convening of the AGM of the Company to be held on 14 April 2016, notwithstanding the date set

forth in Article 24 of the Company's Articles of Incorporation.

2. To consider (i) the management reports of the Board of Directors of the Company in respect of the statutory and

consolidated financial statements of the Company and (ii) the reports of Ernst & Young S.A., Luxembourg, authorised
statutory auditor ("réviseur d'entreprises agréé") on the statutory financial statements and the consolidated financial
statements of the Company, for the financial year ended 31 December 2015, as published on 10 March 2016 which
are available on the Company's website at www.subsea7.com.

3. To approve the statutory financial statements of the Company for the financial year ended 31 December 2015, as

published on 10 March 2016 which are available on the Company's website at www.subsea7.com.

4. To approve the consolidated financial statements of the Company for the financial year ended 31 December 2015,

as published on 10 March 2016 which are available on the Company's website at www.subsea7.com.

5. To approve the allocation of results of the Company, without the payment of a dividend, for the financial year ended

31 December 2015, as recommended by the Board of Directors of the Company.

6. To discharge the Directors of the Company in respect of the proper performance of their duties for the financial year

ended 31 December 2015.

7. To re-elect Ernst & Young S.A., Luxembourg, as authorised statutory auditor ("réviseur d'entreprises agréé") to audit

the statutory and consolidated financial statements of the Company, for a term to expire at the next Annual General
Meeting.

8. To re-elect Mr Kristian Siem as a Director of the Company to hold office until the Annual General Meeting to be

held in 2018 or until his successor has been duly elected.

9. To re-elect Sir Peter Mason as an Independent Director of the Company to hold office until the Annual General

Meeting to be held in 2018 or until his successor has been duly elected.

10. To re-elect Mr Jean Cahuzac as a Director of the Company to hold office until the Annual General Meeting to be

held in 2018 or until his successor has been duly elected.

11. To re-elect Mr Eystein Eriksrud as a Director of the Company to hold office until the Annual General Meeting to be

held in 2018 or until his successor has been duly elected.

The items on the AGM agenda may be validly deliberated on without any quorum requirement. The resolutions at the

AGM shall be adopted by a simple majority of the votes validly cast.

The full text of the documents relating to the AGM is available online at: www.subsea7.com and can also be obtained

from the Company Secretary, Subsea 7 S.A., 412F, route d'Esch,

L-2086 Luxembourg.

38602

U X E M B O U R G

15 March 2016
Mr. Kristian Siem
Chairman

To assure their representation at the AGM, shareholders are hereby requested to fill in, sign, date and return the Proxy

Card in the return envelope provided for such purpose to the address indicated therein. The deadline for submission of
votes for American Depositary Receipt holders is 6 April 2016 and for holders of Common Shares is 8 April 2016.

The appointing of a proxy will not affect a shareholder's right to revoke their proxy or vote in person should they later

decide to attend the meeting.

Référence de publication: 2016080593/795/51.

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

Siège social: L-2138 Luxembourg, 24, rue Saint-Mathieu.

R.C.S. Luxembourg B 39.761.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu jeudi 07 avr. 2016 à 17:00 heures au siège social de la société, avec l'ordre du jour suivant :

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2016080596/1267/16.

Beauregard Capital Sicav, Société d'Investissement à Capital Variable.

Siège social: L-1736 Senningerberg, 5, rue Heienhaff.

R.C.S. Luxembourg B 180.391.

The Shareholder are hereby invited to attend the

ANNUAL GENERAL MEETING

of the Fund to be held on 13 April 2016 at 10.00 a.m. (CET) at 5, rue Heienhaff, L-1736 Senningerberg, Grand-Duchy

of Luxembourg, with respect to the agenda set forth below:

Agenda:

1. Acknowledgement of the report of the board of directors and the report of the auditor for the financial year ended

31 December 2015;

2. Approval of the financial statements of the Fund for the financial year ended 31 December 2015;
3. Approval of the allocation of results for the financial year ended 31 December 2015;
4. Decision to grant full discharge of personal liability to all current directors of the Fund for their mandate during the

financial year ended 31 December 2015;

5. Re-election of Prof. Dr. Jörg Henzler, Mr. Nevil von Tscharner and Mr. Grégoire Vaucher as directors of the Fund

until the annual general meeting to be held in 2017;

6. Reappointment of PricewaterhouseCoopers Luxembourg S.à r.l. with registered address at 2, rue Gerhard Mercator,

L-2182 Luxembourg as auditor of the Fund until the annual general meeting to be held in 2017; and

7. Miscellaneous.

The proxy form, the report of the board of directors, the auditor's report and the audited financial statements of the Fund

are available at the registered office of the Fund.

An attendance list will be established at the Meeting recording the shareholder(s) of the Company. To be recorded in

such a list, a natural or a legal person will have to prove his/her/its quality of shareholder of the Company. In case of a
natural person he/she will have to prove his/her identity. In case of a legal person, its representative will have to prove that
he/she is a duly authorized representative empowered to bind the legal person.

On behalf of the Chairman of the Fund
Référence de publication: 2016080598/29.

38603

U X E M B O U R G

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

Siège social: L-2138 Luxembourg, 24, rue Saint Mathieu.

R.C.S. Luxembourg B 35.276.

Messieurs les actionnaires sont convoqués par le présent avis à

l'ASSEMBLEE GENERALE STATUTAIRE

qui aura lieu jeudi 07 avr. 2016 à 15:00 heures au siège social de la société, avec l'ordre du jour suivant :

Ordre du jour:

Le Conseil d'Administration.

Référence de publication: 2016080597/1267/16.

Nikkei Invest Corporation S.A., SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-1855 Luxembourg, 44, avenue J.F.Kennedy.

R.C.S. Luxembourg B 44.354.

Mesdames et Messieurs les actionnaires sont priés d'assister à

l'ASSEMBLÉE GÉNÉRALE ORDINAIRE

de NIKKEI INVEST CORPORATION S.A., SPF Société Anonyme Société de Gestion de Patrimoine Familial 44,

avenue JF Kennedy L-1855 LUXEMBOURG R.C.S. Luxembourg B 44 354 qui se tiendra le vendredi 8 avril 2016 à 15.00
heures au siège social avec pour :

Ordre du jour:

- Lecture du rapport de gestion du Conseil d'Administration et du Commissaire aux Comptes,
- Approbation des comptes annuels au 31 décembre 2015 et affectation des résultats,
- Quitus à donner aux Administrateurs et au Commissaire aux Comptes,
- Délibération et décision sur la continuité des activités de la société conformément à l'article 100 de la loi du 10 août

1915 sur les sociétés commerciales,

- Nominations statutaires,
- Fixation des émoluments du commissaire aux comptes.

Pour assister ou être représentés à cette assemblée, Mesdames et Messieurs les actionnaires sont priés de déposer leurs

titres cinq jours francs avant l'Assemblée au siège social.

Le Conseil d'Administration.

Référence de publication: 2016080599/755/22.

Interfund Sicav, Société d'Investissement à Capital Variable.

Siège social: L-1637 Luxembourg, 9-11, rue Goethe.

R.C.S. Luxembourg B 8.074.

Notice is hereby given to the shareholders of INTERFUND that the

ANNUAL ORDINARY SHAREHOLDERS' MEETING

will be held in Luxembourg at the registered office of the Company, 9-11 rue Goethe, on March 29th , 2016 at 10.00

am Luxembourg time with the following agenda:

Agenda:

•

Board of Directors and External Auditors' Reports.

•

Approval of Sub-Fund's Financial Statements as at 31st December, 2015.
Presentation and approval of the SICAV's consolidated Financial Statements as at December 31st, 2015.

•

Director's legal responsibilities discharge for activities rendered during 2015 Financial Year.

•

Statutory Nominations.

Resolutions will be passed by a simple majority of shareholders present or represented.
Shareholders may vote by proxy. Proxies must be received at INTERFUND SICAV's registered office at least 48 hours

prior to the meeting.

38604

U X E M B O U R G

The Shareholders wishing to attend the Meeting may request admission ticket to Fideuram Bank (Luxembourg) S.A.

The Board of Directors.

Référence de publication: 2016073785/21.

Global Advantage Funds, Société d'Investissement à Capital Variable.

Siège social: L-1855 Luxembourg, 49, avenue J.F. Kennedy.

R.C.S. Luxembourg B 42.433.

We are pleased to invite you to attend the

ANNUAL GENERAL MEETING

of the shareholders (the "Meeting"), of Global Advantage Funds (the "Company") which will be held on 29 March

2016 at 11.00 a.m. at the registered office, with the following agenda:

Agenda:

1. Allocation of results and approval of the annual report including the Chairman's Statement, the report of the Auditor

and the balance sheet and profit & loss account as of 31 December 2015.

2. Discharge to be granted to the directors of the Company with respect to the performance of their duties during the

financial year ended 31 December 2015.

3. Re-election of the following persons as directors of the Company until the next annual general meeting to be held

in 2017:
- Mr. Michael Keppler,
- Mr. Wolfgang Hoetzendorfer,
- Mr. William Derek Russell Street

4. Re-election of PricewaterhouseCoopers Société cooperative as Auditor of the Company to hold office until the next

annual general meeting to be held in 2017.

5. Any others business which may be properly brought before the Meeting.

The shareholders are advised that no quorum for the items of the agenda is required and that the decisions will be taken

at the majority vote of the shares represented at the Meeting. Each share is entitled to one vote. A shareholder may act at
any Meeting by proxy.

The annual report including the Chairman's Statement, the report of the Auditor and the balance sheet and profit & loss

account as of 31 December 2015, can be obtained upon request at the registered office of the Company by fax: + 352 46
40 10 413 or by e-mail at: Luxembourg-Finrep3@statestreet.com

Should you not be able to attend this meeting, kindly complete, date, sign and return the form of proxy no later than 72

hours before the meeting by fax to the attention of the Domiciliary Department at number +352 46 40 10 413 or/and by e-
mail at Luxembourg-Domiciliary@statestreet.com , or by mail to the registered office.

By order of the board of directors of the Company

Référence de publication: 2016075086/755/33.

NN (L) CMF, Société d'Investissement à Capital Variable.

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

R.C.S. Luxembourg B 40.811.

As the value of the assets of the Company's sub-fund NN (L) CMF Euro Short Term Governments (the "Sub-Fund")

has decreased to an amount determined by the board of directors to be the minimum level needed to operate the Sub-Fund
in an economically efficient manner and that therefore the liquidation of the Sub-Fund would be in the best interest and to
the benefit of the shareholders (the "Liquidation").

Notice is hereby given that a

GENERAL MEETING

of the shareholders of the Sub-Fund will be held under private deed at the registered office of the Company on 29 March

2016 at 2 PM Luxembourg time (the "Meeting") to consider and resolve upon the following agenda:

Agenda:

1. Acknowledgement of shareholders present or represented as being duly convened and informed of the agenda of the

Meeting without specific notice in accordance with Art. 28 para. 2 of the Company's articles of association;

2. Liquidation of the Sub-Fund and subsequent cancellation of all the outstanding shares inscribed in the books of

Brown Brothers Harriman (Luxembourg) S.C.A. at the date of the Liquidation.

3. Effectiveness of the Liquidation as of 31 March 2016 or any later date as may reasonably be decided by NN Invest-

ment Partners Luxembourg S.A., acting in its capacity as the Company's management company;

4. Miscellaneous.

38605

U X E M B O U R G

Shareholders are informed that the board of directors has decided to suspend new subscriptions, redemption and con-

version exchanges into the Sub-Fund's share classes as from 9 March2016.

The cost related to the Liquidation will be borne by NN Investment Partners Luxembourg S.A.
Liquidation proceeds that are not payable to shareholders due to, inter alia, non-availability of the shareholder at its

registered address or incorrect bank account details will be transferred to the Caisse de Consignation at the close of the
liquidation.

The liquidation may not be tax neutral, and shareholders are encouraged to seek advise from their tax advisor in case

of doubt regarding the potential taxation impact resulting from the liquidation.

The above changes will be reflected in the next version of the prospectus of the Company which will be available to

shareholders free of charge upon request at the registered office of the Company.

Luxembourg, 9 March 2016

The Board of Directors of NN (L) CMF
Référence de publication: 2016075636/755/34.

DB Platinum, Société d'Investissement à Capital Variable.

Siège social: L-1528 Luxembourg, 11-13, boulevard de la Foire.

R.C.S. Luxembourg B 104.413.

Shareholders of DB Platinum (the "Company"), are hereby invited to participate in the

ANNUAL GENERAL MEETING

of shareholders of the Company (the "AGM"), which will be held on 15 April 2016 at 11:00 a.m. (Luxembourg time)

at the premises of the Company, 11-13, boulevard de la Foire, L-1528 Luxembourg, with the following agenda:

Agenda:

1. Submission of the reports of the board of directors of the Company (the "Board of Directors" and each member

individually a "Director") and the approved statutory auditor (réviseur d'entreprises agréé) of the Company for the
fiscal year ended 31 January 2016;

2. Approval of the audited financial statements of the Company for the fiscal year ended 31 January 2016;
3. Allocation of the net results for the fiscal year ended 31 January 2016 and ratification of the distribution of dividends,

if any, in respect of the shares of distributing share classes of the sub-funds of the Company where shares of such
distributing share classes have been issued;

4. Discharge to be granted to the Directors with respect to the performance of their duties during the fiscal year ended

31 January 2016;

5. Re-election of Messrs. Werner Burg, Klaus-Michael Vogel, Alexander McKenna, Ben O'Bryan, Philippe Ah-Sun

and Freddy Brausch as Directors of the Company and approval of the remuneration of the independent directors1
until the next annual general meeting of shareholders of the Company that will approve the annual accounts for the
fiscal year ending on 31 January 2017;

6. Re-election of Ernst & Young S.A. as approved statutory auditor (réviseur d'entreprises agréé) of the Company until

the next annual general meeting of shareholders of the Company that will approve the annual accounts for the fiscal
year ending on 31 January 2017;

7. Miscellaneous.

Voting Arrangements for the AGM

A shareholder may act at the AGM by person or by proxy.
Shareholders who wish to participate in person at the AGM, are kindly asked to inform RBC Investor Services Bank

S.A. hereof, no later than 12 April 2016, 5:00 p.m. (Luxembourg time).

Shareholders who are not able to participate personally in the AGM, are permitted to have themselves represented. A

proxy form for the AGM may be obtained at the registered office of the Company or from the Company's website
www.funds.db.com and has to be returned, completed and duly signed, to RBC Investor Services Bank S.A., to the attention
of Fund Corporate Services (Fax No. +352 2460 3331), by 12 April 2016, 5:00 p.m. (Luxembourg time) at the latest.

Shareholders who are holding shares of the Company through a financial intermediary or clearing agent, should note

that:

• the proxy form must be returned to the financial intermediary or clearing agent in good time for its onward trans-

mission to the Company by 12 April 2016; and

• if the financial intermediary holds the shares in the Company in its own name and on the shareholder's behalf, it may

not be possible for the shareholder to exercise certain rights directly in relation to the Company (as further explained
in the prospectus of the Company).

Specific Rules of Voting at the AGM

38606

U X E M B O U R G

The shareholders are advised that no quorum is required for the adoption of resolutions by the AGM and that the

resolutions will be taken at the majority vote of the shareholders present or represented at the AGM and voting. Each share
is entitled to one vote.

Audited Annual Report

The reports of the Board of Directors and the approved statutory auditor, as well as the annual report of the Company

(including the audited financial statements) (the "Audited Annual Report") for the fiscal year ended on 31 January 2016
will be available in English at the registered office of the Company and on the Company's website www.funds.db.com as
of 31 March 2016.

Further information can be obtained from RBC Investor Services Bank S.A., acting in its capacity as Registrar and

Transfer Agent (tel.: +352 2605 9815, fax: +352 2460 9500, attn. Customer Service, CSDeutscheBank@rbc.com) or from
the local representative of the Company or from the relevant financial intermediary through whom the shares of the Com-
pany have been purchased.

DB Platinum

The Board of Directors.

Référence de publication: 2016080600/755/58.

DB Platinum IV, Société d'Investissement à Capital Variable.

Siège social: L-1528 Luxembourg, 11-13, boulevard de la Foire.

R.C.S. Luxembourg B 85.828.

Shareholders of DB Platinum IV (the "Company"), are hereby invited to participate in the

ANNUAL GENERAL MEETING

of shareholders of the Company (the "AGM"), which will be held on 15 April 2016 at 11:00 a.m. (Luxembourg time)

at the premises of the Company, 11-13, boulevard de la Foire, L-1528 Luxembourg, with the following agenda:

Agenda:

1. Submission of the reports of the board of directors of the Company (the "Board of Directors" and each member

individually a "Director") and the approved statutory auditor (réviseur d'entreprises agréé) of the Company for the
fiscal year ended 31 January 2016;

2. Approval of the audited financial statements of the Company for the fiscal year ended
3. Allocation of the net results for the fiscal year ended 31 January 2016 and ratification of the distribution of dividends,

if any, in respect of the shares of distributing share classes of the sub-funds of the Company where shares of such
distributing share classes have been issued;

4. Discharge to be granted to the Directors with respect to the performance of their duties during the fiscal year ended

31 January 2016;

5. Re-election of Messrs. Werner Burg, Klaus-Michael Vogel, Alexander McKenna, Ben O'Bryan, Philippe Ah-Sun

6. Re-election of Ernst & Young S.A. as approved statutory auditor (réviseur d'entreprises agréé) of the Company until

the next annual general meeting of shareholders of the Company that will approve the annual accounts for the fiscal
year ending on 31 January 2017;

7. Miscellaneous.

Voting Arrangements for the AGM

A shareholder may act at the AGM by person or by proxy.
Shareholders who wish to participate in person at the AGM, are kindly asked to inform RBC Investor Services Bank

S.A. hereof, no later than 12 April 2016, 5:00 p.m. (Luxembourg time).

Shareholders who are not able to participate personally in the AGM, are permitted to have themselves represented. A

Shareholders who are holding shares of the Company through a financial intermediary or clearing agent, should note

that:

• the proxy form must be returned to the financial intermediary or clearing agent in good time for its onward trans-

mission to the Company by 12 April 2016; and

38607

U X E M B O U R G

• if the financial intermediary holds the shares in the Company in its own name and on the shareholder's behalf, it may

not be possible for the shareholder to exercise certain rights directly in relation to the Company (as further explained
in the prospectus of the Company).

Specific Rules of Voting at the AGM

The shareholders are advised that no quorum is required for the adoption of resolutions by the AGM and that the

resolutions will be taken at the majority vote of the shareholders present or represented at the AGM and voting. Each share
is entitled to one vote.

Audited Annual Report

The reports of the Board of Directors and the approved statutory auditor, as well as the annual report of the Company

Further information can be obtained from RBC Investor Services Bank S.A., acting in its capacity as Registrar and

DB Platinum IV

The Board of Directors.

Référence de publication: 2016080601/755/58.

DB Platinum II, Société d'Investissement à Capital Variable.

Siège social: L-1528 Luxembourg, 11-13, boulevard de la Foire.

R.C.S. Luxembourg B 99.199.

Shareholders of DB Platinum II the "Company"), are hereby invited to participate in the

ANNUAL GENERAL MEETING

of shareholders of the Company (the "AGM"), which will be held on 15 April 2016 at 11:00 a.m. (Luxembourg time)

at the premises of the Company, 11-13, boulevard de la Foire, L-1528 Luxembourg, with the following agenda:

Agenda:

1. Submission of the reports of the board of directors of the Company (the "Board of Directors" and each member

individually a "Director") and the approved statutory auditor (réviseur d'entreprises agréé) of the Company for the
fiscal year ended 31 January 2016;

if any, in respect of the shares of distributing share classes of the sub-funds of the Company where shares of such
distributing share classes have been issued;

4. Discharge to be granted to the Directors with respect to the performance of their duties during the fiscal year ended

31 January 2016;

5. Re-election of Messrs. Werner Burg, Klaus-Michael Vogel, Alexander McKenna and Freddy Brausch, Ben O'Bryan,

Philippe Ah-Sun as Directors of the Company and approval of the remuneration of the independent directors1 until
the next annual general meeting of shareholders of the Company that will approve the annual accounts for the fiscal
year ending on 31 January 2017;

6. Re-election of Ernst & Young S.A. as approved statutory auditor (réviseur d'entreprises agréé) of the Company until

the next annual general meeting of shareholders of the Company that will approve the annual accounts for the fiscal
year ending on 31 January 2017;

7. Miscellaneous.

Voting Arrangements for the AGM

A shareholder may act at the AGM by person or by proxy.
Shareholders who wish to participate in person at the AGM, are kindly asked to inform RBC Investor Services Bank

S.A. hereof, no later than 12 April 2016, 5:00 p.m. (Luxembourg time).

Shareholders who are not able to participate personally in the AGM, are permitted to have themselves represented. A

Shareholders who are holding shares of the Company through a financial intermediary or clearing agent, should note

that:

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U X E M B O U R G

• the proxy form must be returned to the financial intermediary or clearing agent in good time for its onward trans-

mission to the Company by 12 April 2016; and

• if the financial intermediary holds the shares in the Company in its own name and on the shareholder's behalf, it may

not be possible for the shareholder to exercise certain rights directly in relation to the Company (as further explained
in the prospectus of the Company).

Specific Rules of Voting at the AGM

The shareholders are advised that no quorum is required for the adoption of resolutions by the AGM and that the

resolutions will be taken at the majority vote of the shareholders present or represented at the AGM and voting. Each share
is entitled to one vote.

Audited Annual Report

The reports of the Board of Directors and the approved statutory auditor, as well as the annual report of the Company

Further information can be obtained from RBC Investor Services Bank S.A., acting in its capacity as Registrar and

DB Platinum II

The Board of Directors.

Référence de publication: 2016080602/755/58.

Global Green Fund FCP-SIF, Fonds Commun de Placement - Fonds d'Investissement Spécialisé.

CLÔTURE DE LIQUIDATION

Par jugement en date du 10 mars 2016 rendu par la 6ème chambre du Tribunal d'Arrondissement de et à Luxembourg,

siégeant en matière commerciale, ont été déclarées closes pour absence d'actif les opérations de liquidation du fonds
d'investissement spécialisé GLOBAL GREEN FUND FCP-SIF, ayant eu son siège social au 51, avenue J.F. Kennedy,
L-1855 Luxembourg.

Ce même jugement a mis les frais à la charge du Trésor.

Luxembourg, le 16 mars 2016

Pour extrait conforme
Laurence JACQUES
Le liquidateur
Référence de publication: 2016080592/14.

BlackRock (Luxembourg) S.A., Société Anonyme.

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

R.C.S. Luxembourg B 27.689.

In the year two thousand fifteen, on the twenty third day in the month of December.
Before Us Maître Jean-Joseph WAGNER, notary residing in Sanem (Grand Duchy of Luxembourg),

there appeared:

“BlackRock Luxembourg Holdco S.à r.l.”, a société à responsabilité limitée (private limited liability company) governed

by the laws of the Grand Duchy of Luxembourg, having its registered office at 35A, avenue J.F. Kennedy, L-1855 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 147.978 and having a corporate subscribed capital of sixteen million pound sterling (GBP 16,000,000.-) (the
“Shareholder”),

here represented by:
Mr Joel DAVIDSON, employee, residing professionally in Luxembourg,
by virtue of a proxy under private seal;
said proxy, signed “ne varietur” by the proxy holder of the Shareholder and the undersigned Notary, shall remain annexed

to the present deed for the purpose of registration.

The Shareholder has requested the undersigned Notary to document that the Shareholder is the sole shareholder of

“BlackRock (Luxembourg) S.A.”, a société anonyme governed by the laws of the Grand Duchy of Luxembourg, with

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U X E M B O U R G

registered office at 35A, avenue J.F. Kennedy, L-1855 Luxembourg (Grand Duchy of Luxembourg), incorporated on 30
March 1988, the articles of incorporation of which were published in the Mémorial C, Recueil des Sociétés et Associations
N° 117 on 4 May 1988 (the “Company”). The articles of incorporation of the Company have been amended for the last
time on 23 March 2015 by a deed of the undersigned notary, as published in the Mémorial C, Recueil des Sociétés et
Associations, N° 1307, on 20 May 2015. It is registered with the Luxembourg Register of Commerce and Companies,
section B, number 27.689.

The Shareholder, represented as above mentioned, having recognised to be fully informed of the resolutions to be taken

on the basis of the following agenda:

Agenda:

1. To change the currency of the corporate capital of the Company from Euro into United States Dollars by applying

the Euro/United States dollar reference exchange rate published by the European Central Bank on 22 December 2015 with
effect as of 01 January 2016.

2. To convert the existing share capital of the Company of six million five hundred twenty-three thousand nine hundred

eighty-seven euro and twenty cent (EUR 6,523,987.20) divided into two hundred sixty-three thousand sixty-four (263,064)
shares without a par value into seven million one hundred forty five thousand and seventy United States Dollars and seventy
eight cents (USD 7,145,070.78) divided into two hundred sixty-three thousand sixty-four (263,064) shares without a par
value with effect as of 01 January 2016.

3. To amend article 5 of the Company's articles of incorporation in order to reflect the foregoing with effect as of 01

January 2016.

4. Miscellaneous.

has requested the undersigned notary to document the following resolutions:

First resolution

The Shareholder resolves to change the currency of the corporate capital of the Company from Euro (EUR) into United

States Dollars (USD) by applying the Euro/United States Dollar reference exchange rate of EUR 1 = USD 1.0952 published
by the European Central Bank on 22 December 2015 with effect as of 01 January 2016.

Second resolution

The Shareholder resolves to convert the existing share capital of the Company of six million five hundred twenty-three

thousand nine hundred eighty-seven euro and twenty cents (EUR 6,523,987.20) divided into two hundred sixty-three
thousand sixty-four (263,064) shares without a par value into seven million one hundred forty-five thousand seventy United
States Dollars and seventy-eight cents (USD 7,145,070.78) divided into two hundred sixty-three thousand sixty-four
(263,064) shares without a par value with effect as of 01 January 2016.

Third resolution

The Shareholder resolves to amend article 5 of the Company's articles of incorporation with effect as of 01 January

2016, so that it reads as follows:

“The corporate capital is set at seven million one hundred forty-five thousand seventy United States Dollars and seventy-

eight cents (USD 7,145,070.78) divided into two hundred sixty-three thousand sixty-four (263,064) shares without a par
value.”

Declaration

The undersigned notary who speaks and understands English, states herewith that the present deed is worded in English

followed by a French version and that at the request of the proxy holder of the appearing party and in case of divergences
between the two versions, the English version will prevail.

Whereas the present deed was drawn up in Luxembourg, on the day named at the beginning of this document.
The document having been read to the proxy holder of the appearing party, known to the notary, by his surname, first

name, civil status and residence, said proxy holder signed together with Us notary this original deed.

Suit la traduction française du texte qui précède:

L'an deux mille quinze, le vingt-trois décembre.
Par-devant Nous Maître Jean-Joseph WAGNER, notaire de résidence à Sanem (Grand-Duché de Luxembourg),

a comparu:

«BlackRock Luxembourg Holdco S.à r.l.», une société à responsabilité limitée régie par le droit luxembourgeois, ayant

son siège social au 35A, avenue J.F. Kennedy, L-1855 Luxembourg (Grand-Duché de Luxembourg), immatriculée au
Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 147.978 et ayant un capital social souscrit de
seize millions de livres sterling (GBP 16,000,000.-) (l'«Actionnaire»),

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U X E M B O U R G

représentée aux fins des présentes par Monsieur Joel DAVIDSON, employé, demeurant professionnellement à Luxem-

bourg,

en vertu d'une procuration sous seing privé;

ladite procuration, après avoir été signée «ne varietur» par le mandataire de l'Actionnaire et le Notaire instrumentant

restera annexée au présent acte pour être soumis avec lui aux formalités de l'enregistrement.

L'Actionnaire a requis le notaire instrumentant d'acter que l'Actionnaire est le seul et unique actionnaire de «BlackRock

(Luxembourg) S.A.», une société anonyme régie par les lois du Grand-Duché de Luxembourg, ayant son siège social à
35A, avenue J.F. Kennedy, L-1855 Luxembourg (Grand-Duché de Luxembourg), constituée le 30 mars 1988, dont les
statuts ont été publiés au Mémorial C, Recueil des Sociétés et Associations numéro 117 le 4 mai 1988 (la «Société»). Les
statuts de la Société ont été modifiés la dernière fois le 23 mars 2015 par acte du notaire instrumentant, tel que publié dans
le Mémorial C, Recueil des Sociétés et Association, numéro 1307 le 20 mai 2015. Elle est immatriculée au Registre de
Commerce et des Sociétés de Luxembourg, section B, numéro 27.689.

L'Actionnaire, représenté comme indiqué ci-avant, reconnaissant avoir été parfaitement informé des décisions à inter-

venir sur la base de l'ordre du jour suivant:

Ordre du jour:

1. Changement de la devise du capital social de la Société de l'Euro en Dollars Américains en appliquant le taux de

change Euro/Dollar Américain de référence publié par la Banque Centrale Européenne le 22 juillet 2015 avec effet au 1

janvier 2016.

2. Conversion du capital social existant de la Société de six millions cinq cent vingt-trois mille neuf cent quatre-vingt

sept euros et vingt cents (EUR 6,523,987.20) divisé en deux cent soixante-trois mille soixante-quatre (263.064) actions
sans valeur nominale en sept millions cent quarante-cinq mille soixante-dix Dollars Américains et soixante-dix-huit cents
(USD 7,145,070.78) divisé en deux cent soixante-trois mille soixante-quatre (263.064) actions sans valeur nominale avec
effet au 1

janvier 2016.

3. Modification de l'article 5 des statuts de la Société, afin de refléter les résolutions ci-dessus avec effet au 1

janvier

2016.

4. Divers.

a requis le Notaire instrumentant d'acter les résolutions suivantes:

Première résolution

L'Actionnaire décide de changer la devise du capital social de la Société de l'Euro (EUR) en Dollars Américains (USD)

en appliquant le taux de change Euro/Dollar Américain de référence EUR 1 = USD 1.0952 publié par la Banque Centrale
Européenne le 22 décembre 2015 avec effet au 1

janvier 2016.

Deuxième résolution

L'Actionnaire décide de convertir le capital social existant de la Société de six millions cinq cent vingt-trois mille neuf

cent quatre-vingt sept euros et vingt cents (EUR 6,523,987.20) divisé en deux cent soixante-trois mille soixante-quatre
(263.064) actions sans valeur nominale en sept millions cent quarante-cinq mille soixante-dix Dollars Américains et
soixante-dix-huit cents (USD 7,145,070.78) divisé en deux cent soixante-trois mille soixante-quatre (263.064) actions sans
valeur nominale avec effet au 1

janvier 2016.

Troisième résolution

L'Actionnaire décide de modifier l'article 5 des statuts de la Société comme suit avec effet au 1

janvier 2016:

«Le capital social est fixé à sept millions cent quarante-cinq mille soixante-dix Dollars Américains et soixante-dix-huit

cents (USD 7,145,070.78) divisé en deux cent soixante-trois mille soixante-quatre (263.064) actions sans valeur nominale.»

Déclaration

Le notaire soussigné qui parle et comprend la langue anglaise, déclare par la présente qu'a la demande du mandataire

de la partie comparante, le présent acte est rédigé en langue anglaise, suivi d'une version française et qu'a la demande du
même mandataire et en cas de divergences entre les deux versions, la version anglaise primera.

Dont acte, fait et passé à Luxembourg, date qu'en tête des présentes.

Lecture du présent acte faite et interprétation donnée au mandataire de la partie comparante, connu du notaire instru-

mentant par ses nom, prénom usuel, état et demeure, il a signé avec Nous, notaire, le présent acte.

Signé: J. DAVIDSON, J.-J. WAGNER.

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U X E M B O U R G

Enregistré à Esch-sur-Alzette A.C., le 28 décembre 2015. Relation: EAC/2015/31253. Reçu soixante-quinze Euros (75,-

EUR).

Le Receveur (signé): SANTIONI.

Référence de publication: 2016052769/126.
(160011731) Déposé au registre de commerce et des sociétés de Luxembourg, le 20 janvier 2016.

UniInstitutional Euro Subordinated Bonds, Fonds Commun de Placement.

Das geänderte Verwaltungsreglement, welches am 5. Februar 2016 in Kraft tritt, wurde beim Handels- und Gesell-

schaftsregister von Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Luxemburg, den 5. Februar 2016.

Union Investment Luxembourg S.A.

Référence de publication: 2016064879/10.
(160026659) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 février 2016.

UniInstitutional Euro Subordinated Bonds, Fonds Commun de Placement.

Das geänderte Sonderreglement, welches am 5. Februar 2016 in Kraft tritt, wurde beim Handels- und Gesellschaftsre-

gister von Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Luxemburg, den 5. Februar 2016.

Union Investment Luxembourg S.A.

Référence de publication: 2016064880/10.
(160026660) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 février 2016.

UniInstitutional Corporate Hybrid Bonds, Fonds Commun de Placement.

Das koordinierte Sonderreglement, welches am 2. Februar 2016 in Kraft tritt, wurde beim Handels- und Gesellschafts-

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Luxemburg, den 2. Februar 2016.

Union Investment Luxembourg S.A.

Référence de publication: 2016064881/10.
(160026661) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 février 2016.

Infusive Ucits Fund, Société d'Investissement à Capital Variable.

Siège social: L-1528 Luxembourg, 2, boulevard de la Foire.

R.C.S. Luxembourg B 203.968.

STATUTES

In the year two thousand and fifteen, on the twenty-first day of the month of December;
Before the undersigned notary Jacques KESSELER, residing in Pétange (Grand Duchy of Luxembourg);

There appeared:

The limited liability partnership governed by the laws of the United Kingdom RUBY CAPITAL PARTNERS LLP, with

registered office at 38 Berkeley Square, London, W1J 5AE, United Kingdom, registered with the Registrar of Companies
for England and Wales, Companies House, Cardiff, under number OC312230, here represented by Mrs Sofia AFONSO-
DA CHAO CONDE, notary clerk, residing professionally in Pétange (Grand Duchy of Luxembourg), (the “Proxy-holder”),
by virtue of a proxy given under private seal; such proxy, after having been signed “ne varietur” by the Proxy-holder and
the officiating notary, will remain attached to the present deed in order to be recorded with it.

Such appearing party, represented as stated before, has requested the notary to state as follows the articles of incorporation

of a public limited company (société anonyme):

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U X E M B O U R G

Art. 1. Denomination.
1.1 There is hereby established among the subscribers and all those who may become owners of shares hereafter issued,

a company in the form of a société anonyme qualifying as société d'investissement à capital variable under the name of
INFUSIVE UCITS FUND (hereinafter the “Company”).

Art. 2. Duration.
2.1 The Company is established for an unlimited duration. The Company may be dissolved by a resolution of the

shareholders adopted in the manner required for amendment of these Articles of Incorporation.

Art. 3. Object.
3.1 The exclusive object of the Company is to place the funds available to it in transferable securities, money market

instruments and other permitted assets with the purpose of spreading investment risks and affording its shareholders the
results of the management of its portfolio.

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

and development of its purpose to the full extent permitted by Part I of the law of 17 December 2010 on undertakings for
collective investment, as amended (the “Law of 2010”).

Art. 4. Registered Office.
4.1 The registered office of the Company is established in Luxembourg-City, in the Grand Duchy of Luxembourg.
4.2 The registered office of the Company may be transferred within the municipality of Luxembourg-City by resolution

of the board of directors of the Company (the “Board of Directors”) and, to the extent authorized by Luxembourg law,
within the Grand Duchy of Luxembourg by resolution of the Board of Directors.

4.3 Branches, subsidiaries or other offices may be established either in Luxembourg or abroad by resolution of the Board

of Directors.

4.4 In the event that the Board of Directors determines that extraordinary political or military events have occurred or

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

Art. 5. Capital - Shares - Classes, Series and Sub-Funds.
5.1 The capital of the Company shall be represented by shares of no par value (the “Shares” and each a “Share”) and

shall at any time be equal to the total net assets of the Company as defined in Article 22 hereof.

5. 2 The initial share capital of the Company amounts to thirty-one thousand Euro (EUR 31,000.-) divided into three

hundred and ten (310) fully paid Shares of no par value.

5.3 The minimum capital of the Company shall be the minimum prescribed by Luxembourg law.
5.4 The Board of Directors is authorised without limitation to issue fully paid Shares at any time in accordance with

Article 6 at a price based on the Net Asset Value (as defined in Article 22) per Share without reserving to the existing
shareholders a preferential right to subscription of the Shares to be issued.

5.5 The Board of Directors may delegate to any of its members (collectively, the “Directors” and each individually, a

“Director”) or to any officer of the Company or to any duly authorised person, the duty to accept subscriptions and receive
payment for such new Shares and to deliver these, remaining always within the provisions of the Law of 2010.

5.6 The capital of the Company, which has an umbrella structure as provided for in article 181 of the Law of 2010, may,

as the Board of Directors shall determine, be divided into different portfolios of securities and other assets permitted by
law with specific investment objectives and various risk or other characteristics (the “Sub-Funds” and each a “Sub-Fund”).
The Sub-Funds may be denominated in different currencies as the Board of Directors shall determine. With regard to third
parties, there is no cross liability between Sub-Funds and each Sub-Fund shall be exclusively responsible for all liabilities
reasonably attributable to it. Within each Sub-Fund, the Board of Directors may decide to issue different classes of Shares
(the “Classes” and each a “Class”) and/or series of Shares which may differ, inter alia, with respect to their charging
structure, dividend policies, hedging policies, investment minima, currency of denomination or other specific features, as
the Board of Directors may decide to issue. The Board of Directors may decide if and from what date Shares of any such
Classes or series shall be offered for sale, those Shares to be issued on the terms and conditions as shall be decided by the
Board of Directors. Where the context so requires, references in these Articles of Incorporation to “Sub-Fund(s)” shall be
references to “Class(es)” and series of Shares.

5.7 The assets of a specific Sub-Fund are exclusively available to satisfy the rights of creditors whose claims have arisen

in connection with the creation, the operation or the liquidation of that Sub-Fund.

5.8 For the purpose of determining the capital of the Company, the net assets attributable to each Sub-Fund shall, if not

denominated in US Dollars, be converted into US Dollars and the capital shall be the aggregate of the net assets of all the
Sub-Funds. The Company shall prepare consolidated accounts in US Dollars.

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U X E M B O U R G

Art. 6. Issue of Shares.
6.1 The Company may elect to issue Shares in both registered or bearer form. The Company shall issue statements of

account to certify holdings of shareholders, which shall constitute extracts of the register of shareholders (the “Register”).

6.2 If bearer Shares are issued, certificates will be issued in such denominations as the Board of Directors shall decide.

If a bearer shareholder requests the exchange of his certificates for certificates in other denominations, he will be charged
the cost of such exchange. Bearer Share certificates shall be signed by two Directors. Both such signatures may be either
manual, or printed, or by facsimile. However, one of such signatures may be by a person delegated to this effect by the
Board of Directors. In such latter case, it shall be manual. The Company may issue temporary Share certificates in such
form as the Board of Directors may from time to time determine.

6.3 Shares may be issued only upon acceptance of the subscription and after receipt of the purchase price. The subscriber

will, without undue delay, upon acceptance of the subscription and receipt of the purchase price, receive title to the Shares
purchased by him and upon application obtain delivery of definitive Share certificates in bearer form or a confirmation of
his shareholding.

6.4 Holders of bearer Shares may at any time request switching of their Shares into registered Shares. Holders of

registered Shares may only request switching of their Shares into bearer Shares if permitted by the Board of Directors and
disclosed in the prospectus of the Company as the same may be amended from time to time (the “Prospectus”).

6.5 Payments of dividends will be made by bank transfer or by check to shareholders, in respect of registered Shares,

at their address in the Register or to designated third parties and, in respect of bearer Shares, in the manner determined by
the Board of Directors from time to time in accordance with Luxembourg law.

6.6 A dividend declared but not paid on a Share for five years cannot thereafter be claimed by the holder of such Share,

shall be forfeited by the holder of such Share, and shall revert to the Company for the benefit of the relevant Sub-Fund.
All issued Shares of the Company, other than bearer Shares, shall be inscribed in the Register, which shall be kept by the
Company or by one or more persons designated therefor by the Company and such Register shall contain the name of each
holder of registered Shares, his residence or elected domicile and the number of Shares held by him. Every transfer of a
registered Share shall be entered in the Register.

6.7 Transfer of bearer Shares shall be effected by delivery of the relevant bearer Share certificates. Transfer of registered

Shares shall be effected by written declaration of transfer to be inscribed in the Register, dated and signed by the transferor
and if so requested by the Company, at its discretion, also signed by the transferee, or by persons holding suitable powers
of attorney to act therefor.

6.8 In the case of bearer Shares, the Company may consider the bearer, and in the case of registered Shares the Company

shall consider the person in whose name the Shares are registered in the Register, as full owner of the Shares.

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

from the Company may be sent. Such address will also be entered in the Register.

6.10 In the event that a shareholder identified in Article 6.9 does not provide such an address, the Company may permit

a notice to that effect to be entered in the Register and the shareholder's address will be deemed to be at the registered office
of the Company, or such other address as may be so entered by the Company from time to time, until another address shall
be provided to the Company by such shareholder. The shareholder may, at any time, change his address as entered in the
Register by means of a written notification to the Company at the Company's registered office, or at such other address as
may be set by the Company from time to time.

6.11 If payment made by any subscriber results in the issue of a Share fraction, the person entitled to such fraction shall

not be entitled to vote but shall, to the extent the Company shall determine, in its sole discretion, as to the calculation of
fractions, be entitled to dividends or other distributions on a pro rata basis. In the case of bearer Shares, only certificates
evidencing full Shares will be issued.

6.12 The Company will recognise only one holder in respect of a Share in the Company unless otherwise determined

by the Board of Directors and disclosed in the Prospectus. In the event of joint ownership or bare ownership and usufruct,
the Company may suspend the exercise of any right deriving from the relevant Share or Shares until one person shall have
been designated to represent the joint owners or bare owners and usufructaries vis-à-vis the Company.

6.13 In the case of joint shareholders, the Company reserves the right to pay any redemption proceeds, distributions or

other payments to the first registered holder only, whom the Company may consider to be the representative of all joint
holders, or to all joint shareholders together, at its absolute discretion.

Art. 7. Lost and Damaged Certificates.
7.1 If any shareholder can prove to the satisfaction of the Company that his Share certificate has been mislaid or

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

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

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

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U X E M B O U R G

7.3 The Company may, at its election, charge the shareholder for the costs of a duplicate Share certificate and all

reasonable expenses incurred by the Company in connection with the issuance and registration thereof, or in connection
with the annulment of the original Share certificate(s).

Art. 8. Restrictions on Shareholding.
8.1 The Board of Directors shall have power to impose or relax such restrictions on any Shares or Sub-Fund (other than

any restrictions on transfer of Shares, but including the requirement that Shares be issued only in registered form), but not
necessarily on all Shares within the same Sub-Fund, as it may think necessary for the purpose of ensuring that no Shares
in the Company or no Shares of any Sub-Fund in the Company are acquired or held by or on behalf of:

(A) any person in breach of the law or requirements of any country or governmental or regulatory authority, if the Board

of Directors determines that any Director, the Company, any manager of the Company's assets, any of the Company's
investment managers or advisers or any Connected Person (as defined in Article 16) would suffer any disadvantage as a
result of such breach; or

(B) any person in circumstances which in the opinion of the Board of Directors might result in the Company or its

shareholders incurring any liability to taxation or suffering any other pecuniary disadvantage which they might not other-
wise have incurred or suffered, including a requirement to register under any securities or investment or similar laws or
requirements of any country or authority, or market timing and/or late trading practices.

8.2 Without limiting the generality of the foregoing, the Company may restrict or prevent the ownership of Shares in

the Company by any person, firm or corporate body, and, without limitation, by any U.S. Person (as defined in the Pros-
pectus).

8.3 In order to restrict or prevent the ownership of Shares pursuant to the authority granted in Article 8.1 and Article

8.2, the Company may:

(A) decline to issue any Share where it appears to it that such registration would or might result in such Share being

directly or beneficially owned by a person who is precluded from holding Shares in the Company (a “Precluded Person”);

(B) at any time require any person whose name is entered in the Register to furnish it with any information, supported

by affidavit, which it may consider necessary for the purpose of determining whether or not beneficial ownership of such
shareholder's Shares rests in a Precluded Person; and/or

other person is a beneficial or registered owner of Shares, the Company may compulsorily redeem from any such share-
holder all Shares held by such shareholder in the following manner:

(i) the Company shall serve a notice (hereinafter called the “Redemption Notice”) upon the shareholder bearing such

Shares or appearing in the register of shareholders as the owner of the Shares to be redeemed, specifying the Shares to be
redeemed as aforesaid, the price to be paid for such Shares, and the place at which the redemption price (as hereafter
defined) in respect of such Shares is payable. Any such Redemption Notice may be served upon such shareholder by posting
the same in a prepaid registered envelope addressed to such shareholder at his last address known to or appearing in the
books of the Company. Upon posting of such Redemption Notice, the said shareholder shall be obliged to deliver to the
Company the Share certificate or certificates (if issued) representing the Shares specified in the Redemption Notice. Im-
mediately after the close of business on the date specified in the Redemption Notice, such shareholder shall cease to be a
shareholder and the Shares previously held by him shall be cancelled;

(ii) the price at which the Shares specified in any Redemption Notice shall be redeemed shall be an amount equal to the

Net Asset Value of Shares of the relevant Sub-Fund, Classes and series, determined in accordance with Article 22, less any
redemption charge payable in respect thereof;

(iii) payment of the redemption price will be made to the shareholder appearing as the owner thereof in the currency of

denomination of the relevant Sub-Fund, Class or series and will be deposited by the Company in Luxembourg or elsewhere
(as specified in the Redemption Notice) for payment to such person, but if a Share certificate shall have been issued, then
only upon surrender of the Share certificate or certificates representing the Shares specified in such notice. The redemption
price which may not be distributed to the shareholders upon the implementation of the redemption will be deposited with
the custodian for a period of six months and after such period, the redemption price will be deposited in escrow with the
Caisse de Consignation on behalf of the shareholders entitled thereto. Upon deposit of such price as aforesaid no person
interested in the Shares specified in such Redemption Notice shall have any further interest in such Shares or any of them,
or any claim against the Company or its assets in respect thereof, except the right of the shareholder appearing as the owner
thereof to receive the price so deposited (without interest);

(iv) the exercise by the Company of the powers conferred by this Article 8 shall not be questioned or invalidated in any

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

(v) the Company declines to accept the vote of any Precluded Person at any general meeting of shareholders of the

Company.

8.4 In addition to the foregoing, the Board of Directors may restrict the issue and transfer of Shares of a Sub-Fund or

Class to institutional investors within the meaning of articles 174, 175 and 176 of the Law of 2010 (“Institutional Investor

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(s)”). The Board of Directors may, at its discretion, delay the acceptance of any subscription application for Shares of a
Sub-Fund or Class reserved for Institutional Investors until such time as the Company has received sufficient evidence that
the applicant qualifies as an Institutional Investor. If it appears at any time that a holder of Shares of a Sub-Fund or Class
reserved for Institutional Investors is not an Institutional Investor, the Board of Directors will switch the relevant Shares
into Shares of a Sub-Fund or Class which is not restricted to Institutional Investors (provided that there exists such a Sub-
Fund or Class with similar characteristics) or compulsorily redeem the relevant Shares in accordance with the provisions
set forth above in this Article 8. The Board of Directors will refuse to give effect to any transfer of Shares and consequently
refuse to enter any transfer of Shares into the register of shareholders in circumstances where such transfer would result in
a situation where Shares of a Sub-Fund or Class restricted to Institutional Investors would, upon such transfer, be held by
a person not qualifying as an Institutional Investor. In addition to any liability under applicable law, each shareholder who
does not qualify as an Institutional Investor, and who holds Shares in a Sub-Fund or Class restricted to Institutional Investors,
shall hold harmless and indemnify the Company, the Board of Directors, the other shareholders of the relevant Sub-Fund
or Class and the Company's agents for any damages, losses and expenses resulting from or connected to such holding
circumstances where the relevant shareholder had furnished misleading or untrue documentation or had made misleading
or untrue representations to wrongfully establish its status as an Institutional Investor or has failed to notify the Company
of its loss of such status.

8.5 The Fund may further cause Shares to be redeemed if such Shares are held by/or for the account and/or on behalf

of (i) a person that does not provide the necessary information requested by the Fund in order to comply with legal and
regulatory rules such as but not limited to the FATCA provisions or (ii) a person who is deemed to cause potential financial
risk for the Fund.

Art. 9. Powers of the General Meeting of Shareholders.
9.1 Any regularly constituted general meeting of the shareholders of the Company shall represent the entire body of

shareholders of the Company. Resolutions passed at such general meeting(s) shall be binding upon all shareholders of the
Company regardless of the Sub-Fund, Classes and series of Shares held by them. It shall have the broadest powers to order,
carry out or ratify acts relating to the operations of the Company.

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

the registered office of the Company, or at such other place in the municipality of the registered office as may be specified
in the notice of meeting, on the 3

Thursday of the month of April or, if such day is not a bank business day in Luxembourg,

on the next bank business day in Luxembourg thereafter, at 03:00 p.m. Luxembourg time. The annual general meeting may
be held abroad if, in the absolute and final judgment of the Board of Directors, exceptional circumstances so require.

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

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

10.3 Other general meetings of shareholders or Sub-Fund, Class or series meetings may be held at such place and time

as may be specified in the respective notices of meeting. Sub-Fund, Class or series meetings may be held to decide on any
matters which relate exclusively to such Sub-Fund, Class or series. Two or more Sub-Funds, Classes or series may be
treated as one single Sub-Fund, Class or series if such Sub-Funds, Classes or series, as applicable, are affected in the same
way by the proposals requiring the approval of shareholders of the relevant Sub-Funds, Classes or series.

Art. 11. Notices, Quorum and Votes.
11.1 The quorum and notice periods required by law shall govern meetings of shareholders of the Company in all

respects, including, without limitation, the procedures for convening and conducting such meetings, unless otherwise
provided herein.

11.2 Each Share of a Sub-Fund, regardless of the Net Asset Value per Share within its Class or series, is entitled to one

vote subject to the restrictions contained in these Articles of Incorporation. A shareholder may act at any meeting of
shareholders by appointing another person as his proxy in writing, by fax or by email. Such proxy shall be deemed valid,
provided that it is not revoked, for any reconvened shareholders' meeting.

11.3 Shareholders may also vote by means of a dated and duly completed form which must include the information as

set out herein. The Board of Directors may in its absolute discretion indicate in the convening notice that the form must
include information in addition to the following information: the name of the Company; the name of the shareholder as it
appears in the Register; with respect to bearer Shares, the identification number of the certificate that was issued to the
shareholder; the place, date and time of the meeting; the agenda of the meeting; and an indication as to how the shareholder
has voted.

11.4 In order for the votes expressed by such form to be taken into consideration for the determination of the quorum,

the form must be received by the Company or its appointed agent at least three (3) Luxembourg business days before the
meeting or any other period as may be indicated in the convening notice by the Board of Directors.

11.5 If so decided by the Board of Directors at its discretion and disclosed in the convening notice for the relevant

meeting, shareholders may take part in a meeting by way of videoconference or by any other means of telecommunication

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U X E M B O U R G

which allow them to be properly identified and in such case will be considered as present for the quorum and majority
determination.

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

convened will be passed by a simple majority of those present and voting.

11.7 The Board of Directors may determine all other conditions that must be fulfilled by shareholders for them to take

part in any meeting of shareholders.

Art. 12. The Board of Directors.
12.1 The Company shall be managed by a Board of Directors composed of not less than three members. Members of

the Board of Directors need not be shareholders of the Company.

12.2 The Directors shall be elected by the shareholders at their annual general meeting for a period ending at the next

annual general meeting and until their successors are elected and qualify; provided, however, that a Director may be removed
with or without cause and/or replaced at any time by resolution adopted by the shareholders.

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

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

Art. 13. Proceedings of the Board of Directors.
13.1 The Board of Directors shall choose from among its members a chairman and may choose from among its members

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

13.2 The chairman shall preside at all meetings of shareholders and at the Board of Directors. In his absence, the

shareholders or the Board of Directors shall appoint any person as chairman pro tempore by vote of the majority present
at any such meeting.

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

hours in advance of the hour set for such meeting, except in circumstances of emergency, in which case the nature of
circumstances shall be set forth in the notice of meeting. This notice may be waived by the consent in writing, by fax or
by email of each Director. Separate notice shall not be required for individual meetings held at times and places prescribed
in a schedule previously adopted by resolution of the Board of Directors.

13.4 Any Director may act at any meeting of the Board of Directors by appointing in writing, by fax or by email another

Director as his proxy. Directors may also cast their vote in writing, by fax or by email.

13.5 Meetings of the Board of Directors may be held by way of conference call, video conference or by any similar

means of communication enabling thus several persons participating therein to simultaneously communicate with each
other. Such participation shall be deemed equal to a physical presence at the meeting.

13.6 Any meeting held by means of communication described in Article 13.5 shall be deemed to have taken place at

the registered office of the Company.

13.7 The Directors may only act at duly convened meetings of the Board of Directors. Directors may not bind the

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

13.8 The Board of Directors can deliberate or act validly only if at least two Directors are present at a meeting of the

Board of Directors. Decisions shall be taken by a majority of the votes of the Directors present or represented at such
meeting. In the event that in any meeting the number of votes for and against a resolution shall be equal, the chairman or,
in his absence, the chairman pro tempore shall have a deciding vote.

13.9 Resolutions of the Board of Directors may also be passed in the form of a written consent resolution in identical

terms which may be signed on one or more counterparts by all the Directors.

13.10 The Board of Directors from time to time may appoint the officers of the Company, including a general manager,

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

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

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

Art. 14. Minutes of Board of Directors Meetings.
14.1 The minutes of any meeting of the Board of Directors shall be signed by the chairman or, in his absence, by the

chairman pro tempore who presided at such meeting.

14.2 Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise shall be signed by

the chairman, the secretary or by any two Directors.

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Art. 15. Determination of the Investment Policies.
15.1 The Board of Directors shall, based upon the principle of spreading of risks, have power to determine the corporate

and investment policy and the course of conduct of the management and business affairs of the Company and of each Sub-
Fund.

15.2 The Board of Directors shall also determine any restrictions which shall, from time to time, be applicable to the

investments of the Company and of each Sub-Fund, in accordance with part I of the Law of 2010 including, without
limitation, restrictions in respect of:

(A) the borrowings of the Company and of each Sub-Fund and the pledging of its assets, and
(B) the maximum percentage of assets which the Company and of each Sub-Fund may invest in any form or class of

security and the maximum percentage of any form or class of security which it may acquire.

15.3 The Board of Directors may decide that investments of the Company and of each Sub-Fund be made:
(A) in transferable securities and money market instruments admitted to or dealt in on a regulated market as defined by

the Law of 2010;

(B) in transferable securities and money market instruments dealt in on another market in a member state of the European

Union which is regulated, operates regularly and is recognised and open to the public;

country in Europe, Asia, Oceania (including Australia), the American continents and Africa, or dealt in on another market
in the countries referred to above; provided, that such market is regulated, operates regularly and is recognised and open
to the public;

(D) in recently issued transferable securities, and money market instruments; provided, that the terms of the issue provide

that application be made for admission to official listing in any of the stock exchanges or other regulated markets referred
to above and provided that such admission is secured within one year of issue; and

(E) in any other transferable securities, instruments or other assets within the restrictions as shall be set forth by the

Board of Directors in compliance with applicable laws and regulations and disclosed in the sales documents of the Company
and for each Sub-Fund in the relevant appendix to the Company's sales documents.

15.4 The Board of Directors of the Company may decide to invest up to one hundred percent (100%) of the net assets

of the Company and of each Sub-Fund in different transferable securities and money market instruments issued or gua-
ranteed by any member state of the European Union; its local authorities; a non-member state of the European Union, as
acceptable by the Luxembourg supervisory authority and disclosed in the sales documents of the Company and for each
Sub-Fund in the relevant appendix to the Company's sales documents; public international bodies of which one or more of
such member states are members; or by any other member state of the Organisation for Economic Cooperation and De-
velopment, provided, that in the case where the Company decides to make use of this provision it must hold, on behalf of
the Sub-Fund concerned, securities from at least six different issues and securities from any one issue may not account for
more than thirty percent (30%) of the total net assets of such Sub-Fund.

15.5 The Board of Directors may decide that investments of the Company and of each Sub-Fund be made in financial

derivative instruments, including equivalent cash settled instruments, dealt in on a regulated market as referred to in the
Law of 2010 and/or financial derivative instruments dealt in over-the-counter markets; provided, that, among others, the
underlying instrument consists of instruments covered by article 41 (1) of the Law of 2010, financial indices, interest rates,
foreign exchange rates or currencies, in which the Company and each Sub-Fund may invest according to its investment
objectives as disclosed in the sales documents of the Company and for each Sub-Fund in the relevant appendix to the
Company's sales documents.

15.6 The Board of Directors may decide that investments of the Company and of a Sub-Fund be made so as to replicate

stock indices and/or debt securities indices to the extent permitted by the Law of 2010 provided that the relevant index is
recognised as having a sufficiently diversified composition, is an adequate benchmark and is published in any appropriate
manner.

15.7 The Company will not invest more than 10% of the net assets of any Sub-Fund in undertakings for collective

investment as defined in article 41 (1) (e) of the Law of 2010.

15.8 The Board of Directors may invest and manage all or any part of the assets of two or more Classes, series or Sub-

Funds on a pooled basis, as described in Article 23, where it is appropriate with regard to their respective investment sectors
to do so.

15.9 When investments of the Company are made in the capital of subsidiary companies which, exclusively on the

Company's behalf carry on only the business of management, advice or marketing in the country where the subsidiary is
located, with regard to the redemption of Shares at the request of shareholders, paragraphs (1) and (2) of article 48 of the
Law of 2010 do not apply.

15.10 The Board of Directors can decide that a Sub-Fund may subscribe, acquire and/or hold Shares to be issued or

issued by one or more other Sub-Funds without the Company being subject to the requirements of the law of 10 August
1915 on commercial companies, as amended, with respect to the subscription, acquisition and/or the holding of its own
Shares, under the conditions set out under article 181 (8) of the Law of 2010.

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Art. 16. Director's Interest.
16.1 No contract or other transaction between the Company and any other company or firm shall be affected or invali-

dated by the fact that any one or more of the Directors or officers of the Company is interested in, or is a director, associate
officer or employee of such other company or firm (a “Connected Person”).

16.2 In the event that any Director or officer of the Company has a personal interest in any transaction of the Company,

such Director or officer shall make known to the Board of Directors such personal interest, shall not consider or vote on
any such transactions, and such Director's or officer's interest shall be reported to the next succeeding meeting of share-
holders.

16.3 The term “personal interest” shall not include any relationship with or interest in any matter, position or transaction

involving Ruby Capital Partners LLP, or any parent, subsidiary or affiliate thereof or such other corporation or entity as
may from time to time be determined by the Board of Directors unless such a “personal interest” is considered to be a
conflicting interest by applicable laws and regulations.

Art. 17. Indemnity.
17.1 Subject to the exceptions and limitations listed below, every person who is, or has been a Director or officer of the

Company shall be indemnified by the Company to the fullest extent permitted by law against liability and against all
expenses reasonably incurred or paid by him in connection with any claim, action, suit or proceeding in which he becomes
involved as a party or otherwise by virtue of his being or having been such Director or officer and against amounts paid or
incurred by him in the settlement thereof.

17.2 The words “claim”, “actions”, “suit”, or “proceeding”, shall apply to all claims, actions, suits or proceedings (civil,

criminal or other including appeals), actual or threatened, and the words “liability” and “expenses” shall include, without
limitation, attorney's fees, costs, judgments, amounts paid in settlement, fines, penalties and other liabilities.

17.3 No indemnification shall be provided hereunder to a Director or officer:
(A) against any liability to the Company or its shareholders by reason of wilful misfeasance, bad faith, negligence or

reckless disregard of the duties involved in the conduct of his office;

(B) with respect to any matter as to which he shall have been finally adjudicated not to have acted in good faith and in

the reasonable belief that his action was in the best interests of the Company; or

wilful misfeasance, bad faith, negligence or reckless disregard of the duties involved in the conduct of his office:

(i) by a court or other body approving the settlement; or
(ii) by vote of two thirds (2/3) of those members of the Board of Directors of the Company constituting at least a majority

of such Board of Directors who are not themselves involved in the claim, action, suit or proceeding; or

(iii) by written opinion of independent counsel.
17.4 The right of indemnification provided by this Article 17 may be insured against by policies maintained by the

Company, shall be severable, shall not affect any other rights to which any Director or officer may now or hereafter be
entitled, shall continue as to a person who has ceased to be such Director or officer and shall inure to the benefit of the
heirs, executors and administrators of such a person. Nothing contained herein shall affect any rights to indemnification to
which corporate personnel other than Directors and officers may be entitled by contract or otherwise under law.

17.5 Expenses in connection with the preparation and presentation of a defense to any claim, action, suit or proceeding

of the character described in this Article 17 may be advanced by the Company, prior to final disposition thereof upon receipt
of any undertaking by or on behalf of the officer or Director, to repay such amount if it is ultimately determined that he is
not entitled to indemnification under this Article 17.

Art. 18. Administration.
18.1 The Company will be bound by the joint signature of any two Directors or by the joint or single signature of any

Director or officer to whom authority has been delegated by the Board of Directors.

18.2 All powers not expressly reserved by law or by the Articles of Incorporation to the general meeting of shareholders

are in the competence of the Board of Directors.

Art. 19. Auditor.
19.1 The Company shall appoint an independent auditor who shall carry out the duties prescribed by the Law of 2010.

The independent auditor shall be elected by the annual general meeting of shareholders and serve until its successor shall
have been elected.

Art. 20. Redemption and Switching of Shares.
20.1 Without limiting the provisions provided in this Article 20, the Company has the power to redeem its own Shares

at any time within the sole limitations set forth by law.

20.2 Any shareholder may request the redemption of all or part of his Shares by the Company; provided, that:
(A) in the case of a request for redemption of part of his Shares, the Company may redeem all of the remaining Shares

held by such shareholder, if compliance with such redemption request would result in the aggregate Net Asset Value of

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U X E M B O U R G

the outstanding Shares of any one Sub-Fund or Class being less than such amount or number of Shares as determined by
the Board of Directors and disclosed in the Prospectus from time to time; and

(B) the Company may limit the total number of Shares of any Sub-Fund which may be redeemed on a dealing day to a

number representing a percentage (as set out in the Prospectus) of the net assets of a same Sub-Fund or a percentage (as
set out in the Prospectus) of the net assets of Classes or series related to a single pool of assets in the Company.

20.3 If redemption is deferred pursuant to Article 20.2, the relevant Shares shall be redeemed at the Share price based

on the Net Asset Value per Share prevailing at the date on which the redemption is effected, less any redemption charge
in respect thereof.

20.4 The redemption price shall be paid normally, within a period as determined by the Board of Directors and disclosed

in the Prospectus following the later of the date on which the applicable Share price was determined or on the date the
Share certificates (if issued) have been received by the Company and shall be based on the Share price for the relevant
Class or series of the relevant Sub-Fund as determined in accordance with the provisions of Article 22 hereof, less any
redemption charge in respect thereof. If in exceptional circumstances the liquidity of the portfolio of assets maintained in
respect of the Shares being redeemed is not sufficient to enable the payment to be made within such a period, such payment
shall be made as soon as reasonably practicable thereafter but without interest.

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

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

20.6 The Company shall have the right, if the Board of Directors so determines, to satisfy payment of the redemption

price to any shareholder requesting redemption of any of his Shares (but subject to the consent of the shareholder) in specie
by allocating to the holder investments from the portfolio of the relevant Sub-Fund equal in value (calculated in the manner
described in Article 22 hereof) to the value of the holding to be redeemed. The nature and type of assets to be transferred
in such case shall be determined on a fair and reasonable basis and without prejudicing the interests of the other holders of
Shares in the relevant Sub-Fund and the valuation used shall be confirmed by a special report by the Company's auditor.
The specific costs for such redemptions in specie will be borne by the redeeming shareholder.

20.7 Shares of the capital stock of the Company redeemed by the Company shall be cancelled.
20.8 Unless otherwise determined by the Board of Directors and disclosed in the Prospectus, any shareholder may request

switching of the whole or part of his Shares of one Class or series of a Sub-Fund into Shares of a Class or series of another
Sub-Fund or in another Class or series of the same Sub-Fund based on a switching formula as determined from time to
time by the Board of Directors and disclosed in the Prospectus provided that the Board of Directors may impose such
restrictions as to, inter alia, frequency of switching, and may make switching subject to payment of such charge, as it shall
determine and disclose in the current Prospectus.

Art. 21. Valuations and Suspension of Valuations.
21.1 For the purpose of determining the issue, switching, and redemption price, the Net Asset Value of Shares in the

Company, Sub-Fund, Class and series shall be determined from time to time, but no less than two (2) times per month, as
the Board of Directors by resolution may direct (every such day or time for determination of Net Asset Value being referred
to herein as a “Valuation Day”).

21.2 The Company may suspend the determination of the Net Asset Value of Shares of one or more Sub-Funds, Classes

or series and/or the issue, redemption and/or switching of Shares in the circumstances disclosed in the Prospectus from
time to time.

21.3 The Board of Directors may, in any of the circumstances disclosed in the Prospectus pursuant to Article 21.2 above,

suspend the issue, redemption and/or switching of Shares without suspending the calculation of the Net Asset Value.

21.4 A notice of the beginning and of the end of any period of suspension pursuant to Article 21.2 will be published in

a Luxembourg newspaper and in any other newspaper(s) selected by the Board of Directors, if, in the opinion of the Board
of Directors, it is likely to exceed seven (7) Luxembourg business days.

21.5 Notice will likewise be given to any applicant or shareholder, as applicable, applying for purchase, redemption, or

switching of Shares in the Sub-Fund(s) concerned. Such shareholders may give notice that they wish to withdraw their
application for subscription, redemption and switching of Shares. If no such notice is received by the Company such
application for redemption or switching as well as any application for subscription will be dealt with on the first Valuation
Day following the end of the period of suspension.

21.6 The suspension of the Net Asset Value calculation of a Sub-Fund, Class or series shall have no effect on the

calculation of the Net Asset Value, the issue, sale, redemption and switching of Shares of any other Sub-Fund or Class for
which the Net Asset Value calculation is not suspended.

Art. 22. Determination of Net Asset Value.
22.1 The net asset value (the “Net Asset Value”) of Shares of each Sub-Fund shall be expressed as a per Share figure

in the currency of the relevant Class as determined by the Board of Directors and shall be determined in respect of any

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Valuation Day in accordance with such Valuation policies as the Board of Directors may determine from time to time and
as disclosed in the Prospectus. Unless otherwise determined, the Net Asset Value per Share is obtained by dividing the Net
Asset Value of the relevant Class or series by the number of Shares in that Class or series in issue on the relevant Valuation
Day.

22.2 The Net Asset Value of the Company is expressed in US Dollars.
(A) The assets of the Company shall be deemed to include:
(i) all cash on hand or on deposit, including any interest accrued thereon;
(ii) all bills and demand notes and accounts receivable (including proceeds of securities sold but not delivered);
(iii) all bonds, time notes, shares, stock, debenture stocks, units/shares in undertakings for collective investment, sub-

scription rights, warrants, options and other investments and securities owned or contracted for by the Company;

(iv) all stock, stock dividends, cash dividends and cash distributions receivable by the Company (provided that the

Company may make adjustments with regard to fluctuations in the market value of securities caused by trading ex-divi-
dends, ex-rights or similar practices);

(v) all interest accrued on any interest-bearing securities owned by the Company except to the extent that the same is

included or reflected in the principal amount of such security;

(vi) the preliminary expenses of the Company insofar as the same have not been written off; and
(vii) all other assets of every kind and nature, including prepaid expenses.
22.3 The liabilities of the Company shall be deemed to include:
(A) all loans, bills and accounts payable;
(B) all accrued or payable administrative expenses (including but not limited to investment advisory fee, performance

or management fee, custody fees and corporate agents' fees);

property, including the amount of any unpaid dividends declared by the Company where the Valuation Day falls on the
record date for determination of the person entitled thereto or is subsequent thereto;

(D) an appropriate provision for future taxes based on capital and income on the Valuation Day, as determined from

time to time by the Company, and other provisions if any authorized and approved by the Board of Directors covering
among others liquidation expenses; and

(E) all other liabilities of the Company of whatsoever kind and nature except liabilities represented by Shares in the

Company. In determining the amount of such liabilities the Company shall take into account all expenses payable by the
Company comprising formation expenses, the remuneration and expenses of its Directors, conducting persons and officers,
including their insurance cover, fees payable to its investment advisers or investment managers, fees and expenses payable
to its service providers and officers, accountants, custodian and its correspondents, domiciliary, registrar and transfer agents,
any paying agent and permanent representatives in places of registration, any other agent employed by the Company, fees
and expenses incurred in connection with the listing of the Shares of the Company at any stock exchange or to obtain a
quotation or another regulated market, fees and expenses in respect of premises and information technology costs for the
conducting persons, fees for legal and tax advisers in Luxembourg and abroad, fees for auditing services, printing, reporting
and publishing expenses, including the cost of preparing, translating, distributing and printing of the prospectuses, notices,
rating agencies, explanatory memoranda, registration statements, or of interim and annual reports taxes or governmental
charges, shareholders servicing fees and distribution fees payable to distributors of Shares in the Company, currency
conversion costs, and all other operating expenses, including the cost of buying and selling assets, interest, bank charges
and brokerage, postage, telephone and telex. The Company may calculate administrative and other expenses of a regular
or recurring nature on an estimated figure for yearly or other periods in advance, and may accrue the same in equal
proportions over any such period.

22.4 The Board of Directors shall establish a portfolio of assets for each Sub-Fund, and if applicable, for each Class and

series in the following manner:

(A) the proceeds from the allotment and issue of Shares in each Sub-Fund, Class or series shall be applied in the books

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

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

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

action taken in connection with an asset of a particular Class, series or Sub-Fund, such liability shall be allocated to the
relevant Class, series or Sub-Fund;

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

Class, series or Sub-Fund, such asset or liability shall be allocated to all the Classes, series or Sub-Funds pro rata based on
the Net Asset Values of each portfolio; provided, that all liabilities attributable to a Class, series or Sub-Fund shall be
binding on that Class, series or Sub-Fund; and

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U X E M B O U R G

(E) upon the record date for the determination of the person entitled to any dividend declared on any Class, series or

Sub-Fund, the Net Asset Value of such Class, series or Sub-Fund shall be reduced by the amount of such dividends.

22.5 Each Sub-Fund shall consist of a portfolio of transferable securities, money market instruments and other assets in

which the Company is authorised to invest, and the entitlement of each Class or series which is issued by the Company in
relation to such Sub-Fund will change in accordance with the rules set out below.

22.6 In addition there may be held within each Sub-Fund on behalf of one specific Class or series or several specific

Classes or series, assets which are Class or series specific and kept separate from the portfolio which is common to all
Classes and series related to such Sub-Fund and there may be assumed on behalf of such Class or series specific liabilities.

22.7 The proportion of the portfolio which shall be common to each of the Classes or series related to a Sub-Fund which

shall be allocable to each Class or series shall be determined by taking into account issues, redemptions, distributions, as
well as payments of Class or series specific expenses or contributions of income or realisation proceeds derived from Class
or series specific assets, whereby the valuation rules set out below shall be applied mutatis mutandis.

22.8 The percentage of the Net Asset Value of the common portfolio of any Sub-Fund to be allocated to each Class and

series shall be determined as follows:

(A) the percentage of the net assets of the common portfolio to be initially allocated to each Class and series shall be in

proportion to the respective value (converted to US Dollar at the middle market rate on the relevant day) of the Shares of
each Class and series at the time of the first issuance of Shares of that Class and series;

(B) the issue price received upon the issue of Shares of a specific Class or series shall be allocated to the common

portfolio and result in an increase of the proportion of the common portfolio attributable to the relevant Class or series;

(C) if, with respect to one Class or series, the Company acquires specific assets or pays Class or series specific expenses

(including any portion of expenses in excess of those payable by other Classes or series and including any Class or series
specific fees) or makes specific distributions or pays the redemption price in respect of Shares of a specific Class or series,
the proportion of the common portfolio attributable to such Class or series shall be reduced by the acquisition cost of such
Class or series specific assets, the specific expenses or fees paid on behalf of such Class or series, the distributions made
on the Shares of such Class or series or the redemption price paid upon redemption of Shares of such Class or series;

(D) the value of Class or series specific assets and the amount of Class or series specific liabilities are attributed only

to the Class or series to which such assets or liabilities relate and this shall increase or decrease the Net Asset Value per
Share of such specific Class or series.

22.9 For the purposes of this Article:
(A) Shares for which a subscription request has been accepted but payment has not yet been received shall be deemed

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

(B) Shares of the Company to be redeemed under Article 20 hereof shall be treated as existing and taken into account

until immediately after the close of business on the Valuation Day referred to in this Article, and from such time and until
paid the price therefor shall be deemed to be a liability of the Company;

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

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

on such Valuation Day, to the extent practicable.

22.10 If the Board of Directors so determines, the Net Asset Value of the Shares of each Sub-Fund may be converted

at the middle market rate into such other currencies than the currency of denomination of the relevant Sub-Fund, Class or
series, and in such case the issue and redemption price per Share of such Sub-Fund may also be determined in such currency
based upon the result of such conversion.

Art. 23. Pooling.
23.1 The Board of Directors may invest and manage all or any part of the pools of assets established for each Sub-Fund

(hereafter referred to as “Participating Funds”) on a pooled basis where it is applicable with regard to their respective
investment sectors to do so. Any such enlarged asset pool (“Enlarged Asset Pool”) shall first be formed by transferring to
it cash or (subject to the limitations mentioned below) other assets from each of the Participating Funds. Thereafter the
Board of Directors may from time to time make further transfers to the Enlarged Asset Pool. It may also transfer assets
from the Enlarged Asset Pool to a Participating Fund, up to the amount of the participation of the Participating Fund
concerned. Assets other than cash may be allocated to an Enlarged Asset Pool only where they are appropriate to the
investment sector of the Enlarged Asset Pool concerned. A Participating Fund will have rights against all the cash and other
assets included in the Enlarged Asset Pool.

23.2 A Participating Fund's participation in an Enlarged Asset Pool shall be measured by reference to notional units

(“Units”) of equal value in the Enlarged Asset Pool. On the formation of an Enlarged Asset Pool, the Board of Directors
shall in its discretion determine the initial value of a Unit which shall be expressed in such currency as the Board of Directors
considers appropriate, and shall allocate to each Participating Fund Units having an aggregate value equal to the amount
of cash (or to the value of other assets) contributed. Fractions of Units, calculated to three decimal places, may be allocated

38622

U X E M B O U R G

as required. Thereafter the value of a Unit shall be determined by dividing the net asset value of the Enlarged Asset Pool
(calculated as provided below) by the number of Units subsisting.

23.3 When additional cash or assets are contributed to or withdrawn from an Enlarged Asset Pool, the allocation of

Units of the Participating Fund concerned will be increased or reduced, as applicable, by a number of Units determined by
dividing the amount of cash or value of assets contributed or withdrawn by the current value of a Unit. Where a contribution
is made in cash it may be treated for the purpose of this calculation as reduced by an amount which the Board of Directors
considers appropriate to reflect fiscal charges and dealing and purchase costs which may be incurred in investing the cash
concerned; in the case of a cash withdrawal a corresponding reduction may be made to reflect costs which may be incurred
in realising securities or other assets of the Enlarged Asset Pool.

23.4 The value of assets contributed to, withdrawn from, or forming part of an Enlarged Asset Pool at any time and the

net asset value of the Enlarged Asset Pool shall be determined in accordance with the provisions (mutatis mutandis) of
Article 22 provided that the value of the assets referred to above shall be determined on the day of such contribution or
withdrawal.

23.5 Dividends, interests and other distributions of an income nature received in respect of the assets in an Enlarged

Asset Pool will be immediately credited to the Participating Funds, in proportion to their respective entitlements to the
assets in the Enlarged Asset Pool at the time of receipt.

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

and sold shall be based on the Net Asset Value per Share for the relevant Class or series of the relevant Sub-Fund plus an
initial sales charge of up to 3% of the Net Asset Value per Share. The price so determined shall be payable within a period
as determined by the Board of Directors and disclosed in the Prospectus. The Share price (not including the sales com-
mission) may, upon approval of the Board of Directors and subject to all applicable laws, including the requirement to
prepare a special audit report by the Company's auditor confirming the value of any assets contributed in specie, be paid
by contributing to the Company securities acceptable to the Board of Directors consistent with the investment policy and
investment restrictions of the Company. The subscriber will be responsible for all custody and other costs (including the
cost of the special audit report by the auditor involved in the transfer of the relevant assets).

Art. 25. Distributors.
25.1 The Board of Directors may permit any company or other person appointed for the purpose of distributing Shares

of the Company to charge any applicant for Shares a sales commission of such amount as such company or other person
may determine but not exceeding 5% of the amount which the relevant applicant may decide to invest in Shares and such
company may differentiate between applicants as to the amount of such sales commission (within the permitted limit); the
Company may not pay from its own assets any brokerage or commission to agents in relation to the issue or sale of Shares.

Art. 26. Accounting Year.
26.1 The accounting year of the Company shall begin on 1 January of each year and shall terminate on 31 December of

the same year. The accounts of the Company shall be expressed in US Dollars or such other currency as the Board of
Directors may determine. Where there shall be different Sub-Funds as provided for in Article 5 hereof, and if the accounts
within such Sub-Funds are expressed in different currencies, such accounts shall be converted into US Dollars and aggre-
gated for the purpose of determining the accounts of the Company.

Art. 27. Custodian.
27.1 The Company shall enter into a custodian agreement with a bank which shall satisfy the requirements of the Law

of 2010 (the “Custodian”). All securities, cash and other assets of the Company are to be held by or to the order of the
Custodian who shall assume, in its role as Custodian to the Company and its shareholders, the responsibilities provided by
law.

27.2 In the event that the Custodian provides notice of its intent to resign, the Board of Directors shall use its best efforts

to find within two (2) months a corporation to act as custodian and, upon doing so, the Board of Directors shall appoint
such corporation to be custodian in place of the retiring Custodian. The Board of Directors may terminate the appointment
of the Custodian but shall not remove the Custodian unless and until a successor custodian shall have been appointed in
accordance with this provision to act in the place thereof.

Art. 28. Investment Manager.
28.1 The Company or its management company authorised under chapter 15 of the Law of 2010, as applicable, shall

enter into an investment management agreement with Ruby Capital Partners LLP or any affiliated or associated company
thereof (the “Investment Manager(s)”) for the management of the assets of the Company and assistance with respect to its
portfolio selection. The Board of Directors may authorise the Investment Manager(s) to delegate from time to time the
power to implement the investment policy and manage the assets of the Company. In the event of termination of said
agreements in any manner whatsoever, the Company will, if applicable, change its name forthwith upon the request of any
Investment Manager(s) to another name not resembling the one specified in Article 1 hereof.

38623

U X E M B O U R G

Art. 29. Term, Liquidation, Merger and Division.
29.1 If the Company's share capital falls below two-thirds of the minimum capital required by law, the Board of Directors

must refer the matter of the dissolution to a general meeting of shareholders, deliberating without any quorum and deciding
by a simple majority of the Shares represented at the meeting. If the Company's share capital is less than a quarter of the
minimum capital required by law, the Board of Directors must refer the matter of dissolution of the Company to a general
meeting of shareholders, deliberating without any quorum and the dissolution may be decided by shareholders holding a
quarter of the Shares represented at the meeting. In the event of a dissolution of the Company, liquidation must be carried
out by one or more liquidators (who may be physical persons or legal entities) named by the meeting of shareholders
effecting such dissolution and which shall determine the liquidator(s)'s powers and their compensation. The net proceeds
of liquidation corresponding to each Class or series (within each Sub-Fund) will be distributed by the liquidators to the
holders of Shares of each Class or series of each Sub-Fund in proportion to the number of Shares held by each the holder
in such category of such Class or series.

29.2 The liquidation must be completed, in principle, within a period of nine (9) months from the date of the decision

relating to the liquidation. Where the liquidation of the Company cannot be fully completed within nine (9) months, a
written request for exemption shall be submitted to the Commission de Surveillance du Secteur Financier (“CSSF”) de-
tailing the reasons why the liquidation cannot be completed.

29.3 As soon as it has been determined that the liquidation of the Company is complete, whether this decision is taken

before the nine (9) month period has expired or at a later date, any residual funds not claimed by shareholders prior to the
completion of the liquidation shall be deposited as soon as possible at the Caisse de Consignation.

29.4 A Sub-Fund, Class or series may be terminated by resolution of the Board of Directors if (i) the Net Asset Value

of a Sub-Fund, Class or series is below such amount as determined by the Board of Directors and disclosed in the Prospectus
from time to time; (ii) in the event of special circumstances beyond its control, such as political, economic, or military
emergencies; or (iii) if the Board of Directors should conclude, in light of prevailing market or other conditions, including
conditions that may adversely affect the ability of a Sub-Fund, Class or series to operate in an economically efficient
manner, and with due regard to the best interests of shareholders, that a Sub-Fund, Class or series should be terminated. In
such event, the assets of the Sub-Fund will be realized, the liabilities discharged and the net proceeds of realization distri-
buted to shareholders in proportion to their holding of Shares in that Sub-Fund, Class or series against such evidence of
discharge as the Board of Directors may reasonably require. Shareholders shall be notified of any decision made pursuant
to this Article as required. No Shares shall be redeemed after the date of the decision to liquidate the Sub-Fund, Class or
series.

29.5 The liquidation of a Sub-Fund, Class or series must be completed, in principle, within a period of nine (9) months

from the date of decision of the Board of Directors relating to the liquidation. Where the liquidation of a Sub-Fund, Class
or series cannot be fully completed within a period of nine (9) months, a written request for exemption shall be submitted
to the CSSF detailing the reasons why the liquidation cannot be completed.

29.6 As soon as it has been determined that the liquidation of the Company is complete, whether this decision is taken

29.7 The Company may be merged in accordance with the provisions of the Law of 2010. In the event the Company is

involved in a merger as the surviving undertaking for collective investment in transferable securities (“UCITS”), the Board
of Directors, in its sole discretion, will decide on the merger and the effective date thereof; in the event the Company is
involved in a merger as the absorbed UCITS and thereafter ceases to exist, a general meeting of shareholders will be required
to approve and decide on the effective date of such merger by a resolution adopted with no quorum requirement and at the
simple majority of the votes validly cast at such meeting. Each shareholder shall be given the option, within a period to be
determined by the Board of Directors (but not being less than one (1) month, unless otherwise authorised by the regulatory
authorities, and specified in said notice), to request free of any redemption charge the repurchase of its Shares. Any appli-
cable contingent deferred sales charges are not to be considered as redemption charges and shall therefore be due.

29.8 The Board of Directors may resolve to proceed with a merger (within the meaning of the Law of 2010) of any Sub-

Fund, either as receiving or absorbed Sub-Fund, with (i) another existing Sub-Fund within the Company or another sub-
fund within another Luxembourg or foreign UCITS; or (ii) a new Luxembourg or foreign UCITS, and as appropriate, to
re-designate the Shares of the Sub-Fund concerned as Shares of the new Sub-Fund or of the new UCITS as applicable.
Shareholders shall be notified of any decision made pursuant to this Article as required. Each shareholder shall be given
the option, within a period to be determined by the Board of Directors (but not being less than one (1) month, unless
otherwise authorised by the regulatory authorities, and specified in said notice), to request free of any redemption charge
the repurchase of its Shares. Any applicable contingent deferred sales charges are not to be considered as redemption
charges and shall therefore be due.

29.9 A Class or series may merge with one or more other Classes or series by resolution of the Board of Directors if the

Net Asset Value of a Class or series is below such amount as determined by the Board of Directors and disclosed in the
Prospectus from time to time or in the event of special circumstances beyond its control, such as political, economic, or
military emergencies, or if the Board of Directors should conclude, in light of prevailing market or other conditions,
including conditions that may adversely affect the ability of a Class or series to operate in an economically efficient manner,

38624

U X E M B O U R G

and with due regard to the best interests of shareholders, that a Class or series should be merged. Shareholders shall be
notified of any decision made pursuant to this Article as required. Each shareholder of the relevant Class or series shall be
given the option, within a period to be determined by the Board of Directors (but not being less than one (1) month, unless
otherwise authorised by the regulatory authorities, and specified in said notice), to request free of any redemption charge
either the repurchase of its Shares or the exchange of its Shares against Shares of any Class or series not concerned by the
merger. Any applicable contingent deferred sales charges are not to be considered as redemption charges and shall therefore
be due.

29.10 A Class or series may be contributed to another investment fund by resolution of the Board of Directors in the

event of special circumstances beyond its control, such as political, economic, or military emergencies, or if the Board of
Directors should conclude, in light of prevailing market or other conditions, including conditions that may adversely affect
the ability of a Class or series to operate in an economically efficient manner, and with due regard to the best interests of
shareholders, that a Class or series should be contributed to another fund. Shareholders shall be notified of any decision
made pursuant to this Article as required. Each shareholder of the relevant Class or series shall be given the option within
a period to be determined by the Board of Directors (but not being less than one (1) month, unless otherwise authorised by
the regulatory authorities, and specified in said notice) and specified in said notices, to request, free of any redemption
charge, the repurchase of its Shares. Any applicable contingent deferred sales charges are not to be considered as redemption
charges and shall therefore be due. Where the holding of units in another undertaking for collective investment does not
confer voting rights, the contribution will be binding only on shareholders of the relevant Class or series who expressly
agree to the contribution.

29.11 If the Board of Directors determines that it is in the interests of the shareholders of the relevant Sub-Fund, Class

or series or that a change in the economic or political situation relating to the Sub-Fund, Class or series concerned has
occurred which would justify it, the reorganisation of one Sub-Fund, Class or series, by means of a division into two or
more Sub-Funds, Classes or series, may take place. Shareholders shall be notified of any decision made pursuant to this
Article as required. The notification will also contain information regarding the new Sub-Funds, Classes or series. The
notification will be made at least one (1) month before the date on which the reorganization becomes effective in order to
enable the shareholders to request the repurchase of their Shares, free of charge, before the operation involving division
into two or more Sub-Funds, Classes or series becomes effective. Any applicable contingent deferred sales charges are not
to be considered as redemption charges and shall therefore be due.

Art. 30. Amendment of Articles of Incorporation.
30.1 These Articles of Incorporation may be amended from time to time by a meeting of shareholders, subject to the

quorum and majority requirements provided by the laws of Luxembourg. Any amendment affecting the rights of the holders
of Shares of any Class, series or Sub-Fund vis-à-vis those of any other Class, series or Sub-Fund shall be subject, to the
said quorum and majority requirements in respect of each such relevant Class or Sub-Fund.

Art. 31. General.
31.1 All matters not governed by these Articles of Incorporation shall be determined in accordance with the law of 10

August 1915 on commercial companies, as amended, and the Law of 2010.

Transitory provisions

(1) The first accounting year shall begin on the date of incorporation of the Company and terminate on 31 December

2016.

(2) The first annual general meeting of shareholders shall be held on 20 April 2017.

Subscription and payment

(1) The articles of incorporation of the Company having thus been drawn up by the appearing party, the appearing party

has subscribed and entirely paid up in cash the following Shares:

Shareholder

Subscribed

Capital

Number

of Shares

RUBY CAPITAL PARTNERS LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . EUR 31,000.-

310

(2) The subscribed capital has been fully paid up in cash. The result is that as of now the company has at its disposal

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

Declaration

The undersigned notary herewith declares having verified the existence of the conditions enumerated in article 26 of

the law of August 10, 1915 on commercial companies, as amended, and expressly states that they have been fulfilled.

Resolutions taken by the sole shareholder

The aforementioned appearing party, representing the whole of the subscribed share capital, has adopted the following

resolutions as sole shareholder:

38625

U X E M B O U R G

First resolution:

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

meeting to be held on 20 April 2017:

(a) Mr. Stephen RUBENS, born in Birmingham, United Kingdom, on 20 June 1965, with professional address at 38

Berkeley Square, London, W1J 5AE;

(b) Mr. Marc TOWERS, born in Fremantle, Western Australia, Australia, on 9 May 1970, with professional address at

Towers Fiduciary Pte. Ltd., 4 Shenton Way #28-01, SGX Centre II, Singapore 068807; and

Office, 19, rue de Bitbourg, L-1273 Luxembourg, Hamm - Luxembourg.

Second resolution:

The following party has been appointed licensed registered auditor (“réviseur d'entreprises agréé”) of the Company for

a period ending on the date of the annual general meeting to be held on 20 April 2017:

The cooperative company (“société coopérative”) existing under the laws of the Grand Duchy of Luxembourg “Price-

waterhouseCoopers”, having its registered office in L-2182 Luxembourg, 2, rue Gerhard Mercator, registered with the
Trade and Companies Register of Luxembourg under number B 65477.

Third resolution:

The registered office of the Company is fixed at 2 Boulevard de la Foire, L-1528 Luxembourg (Grand Duchy of Lu-

xembourg).

Statement

The undersigned notary who understands and speaks English, states herewith that the present deed is worded in English

with no need of further translation in accordance with article 189(2) of the Law of December 17, 2010 on undertakings for
collective investments

WHEREOF, the present deed was drawn up in Pétange, at the date indicated at the beginning of the document.
After reading the present deed to the Proxy-holder of the appearing party, acting as said before, known to the notary by

name, first name, civil status and residence, the said Proxy-holder has signed with the notary the present deed.

Signé: Conde, Kesseler.
Enregistré à Esch/Alzette Actes Civils, le 31 décembre 2015. Relation: EAC/2015/31534. Reçu soixante-quinze euros

75,00 €

Le Receveur (signé): Santioni A.

POUR EXPEDITION CONFORME
Référence de publication: 2016068129/795.
(160030351) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 février 2016.

UniInstitutional Corporate Hybrid Bonds, Fonds Commun de Placement.

Das koordinierte Verwaltungsreglement, welches am 2. Februar 2016 in Kraft tritt, wurde beim Handels- und Gesell-

schaftsregister von Luxemburg hinterlegt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Luxemburg, den 2. Februar 2016.

Union Investment Luxembourg S.A.

Référence de publication: 2016064882/10.
(160026662) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 février 2016.

Northgate Luxembourg Holdings GP S.à r.l., Société à responsabilité limitée.

Siège social: L-1536 Luxembourg, 2, rue du Fossé.

R.C.S. Luxembourg B 204.393.

STATUTES

In the year two thousand and sixteen, on the twenty-eighth day of January.
Before the undersigned, Maître Jacques Kesseler, a notary resident in Pétange, Grand Duchy of Luxembourg.

THERE APPEARED:

1. Broad Street Principal Investments, L.L.C., a limited liability company organised and existing under the laws of the

State of Delaware, United States of America, having its registered office at c/o The Corporation Trust Company, 1209

38626

U X E M B O U R G

Orange Street, Wilmington, County of New Castle, Delaware 19801, United States of America, registered with the Division
of Corporations, State of Delaware, under number 5225144 (BSPI),

2. GSLP I Offshore A S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 138.747 and having a share capital of EUR 12,500 (GSLP I Offshore A),

3. GSLP I Offshore B S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 138.748 and having a share capital of EUR 12,500 (GSLP I Offshore B),

4. GSLP I Offshore C S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 138.749 and having a share capital of EUR 12,500 (GSLP I Offshore C),

5. GSLP I Onshore S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and existing

under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Luxembourg,
Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number B
138.795 and having a share capital of EUR 12,500 (GSLP I Onshore),

6. GSMP V Institutional S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 135.829 and having a share capital of EUR 12,500 (GSMP V Institutional),

7. GSMP V Offshore S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 116.400 and having a share capital of EUR 12,500 (GSMP V Offshore),

8. GSMP V Onshore S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536 Lu-
xembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 116.396 and having a share capital of EUR 12,500 (GSMP V Onshore),

9. Mezzanine Finance Europe S.A., a public limited liability company (société anonyme) incorporated and existing

under the laws of the Grand Duchy of Luxembourg, having its registered office at 80, route d’Esch, L-1470 Luxembourg
and registered with the Luxembourg Register of Commerce and Companies under number B 116.353 (Mezzanine),

10. Park Square Capital I, S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 3, boulevard Royal, L-2449
Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 104.706 and having a share capital of EUR 12,500 (PSC I),

11. Park Square Capital II Parallel, S.à r.l., a private limited liability company (société à responsabilité limitée) incor-

porated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 3, boulevard Royal,
L-2449 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Compa-
nies under number B 159.424 and having a share capital of EUR 12,500 (PSC II Parallel), and

12. Park Square Capital II S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated and

existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 3, boulevard Royal, L-2449
Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 145.659 and having a share capital of EUR 12,500 (PSC II),

all represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, whose professional address is at Pétange, by

virtue of a power of attorney given under private seal,

After signature ne varietur by the authorised representative of the appearing parties and the undersigned notary, the

powers of attorney will remain attached to this deed to be registered with it.

The appearing parties, represented as set out above, have requested the undersigned notary to state as follows the articles

of incorporation of a private limited liability company (société à responsabilité limitée), which is hereby incorporated:

I. Name - Registered office - Object - Duration

Art. 1. Name. The name of the company is “Northgate Luxembourg Holdings GP S.à r.l.” (the Company). The Company

is a private limited liability company (société à responsabilité limitée) governed by the laws of the Grand Duchy of Lu-
xembourg, in particular the law of August 10, 1915 on commercial companies, as amended (the Law), and these articles
of incorporation (the Articles).

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U X E M B O U R G

Art. 2. Registered office.
2.1. The Company’s registered office is established in Luxembourg, Grand Duchy of Luxembourg. It may be transferred

within that municipality by a resolution of the board of managers. It may be transferred to any other location in the Grand
Duchy of Luxembourg by a resolution of the shareholders, acting in accordance with the conditions prescribed for the
amendment of the Articles.

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

resolution of the board of managers. If the board of managers determines that extraordinary political or military develop-
ments or events have occurred or are imminent, and that those developments or events may interfere with the normal
activities of the Company at its registered office, or with ease of communication between that office and persons abroad,
the registered office may be temporarily transferred abroad until the developments or events in question have completely
ceased. Any such temporary measures do not affect the nationality of the Company, which, notwithstanding the temporary
transfer of its registered office, will remain a Luxembourg incorporated company.

Art. 3. Corporate object.
3.1. The Company’s object is to act as a managing shareholder (actionnaire commandité) in any partnership limited by

shares (société en commandite par actions) and the acquisition and disposal of participations, in Luxembourg or abroad,
in any companies or enterprises in any form whatsoever, and the management of those participations. The Company may
in particular acquire, by subscription, purchase and exchange or in any other manner, any stock, shares and other partici-
pation securities, bonds, debentures, certificates of deposit and other debt instruments and, more generally, any securities
and financial instruments issued by any public or private entity. It may participate in the creation, development, management
and control of any company or enterprise. Further, it may invest in the acquisition and management of a portfolio of patents
or other intellectual property rights of any nature or origin.

3.2. The Company may borrow in any form, except by way of public offer. It may issue, by way of private placement

only, notes, bonds and any kind of debt and equity securities. It may lend funds, including, without limitation, the proceeds
of any borrowings, to its subsidiaries, affiliated companies and any other companies. It may also give guarantees and pledge,
transfer, encumber or otherwise create and grant security over some or all of its assets to guarantee its own obligations and
those of any other company, and, generally, for its own benefit and that of any other company or person. For the avoidance
of doubt, the Company may not carry out any regulated financial sector activities without having obtained the requisite
authorisation.

3.3. The Company may use any techniques, legal means and instruments to manage its investments efficiently and

protect itself against credit risks, currency exchange exposure, interest rate risks and other risks.

3.4. The Company may carry out any commercial, financial or industrial operation and any transaction with respect to

real estate or movable property which, directly or indirectly, favours or relates to its corporate object.

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

bankruptcy or any similar event affecting one or more shareholders.

II. Capital - Shares

Art. 5. Capital.
5.1. The share capital is set at thirty thousand pound sterling (GBP 30,000.-), represented by three million (3,000,000)

shares in registered form, having a nominal value of one penny (GBP 0.01) each.

5.2. The share capital may be increased or reduced once or more by a resolution of the shareholders, acting in accordance

with the conditions prescribed for the amendment of the Articles.

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

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

6.5. A share transfer shall only be binding on the Company or third parties following notification to, or acceptance by,

the Company in accordance with article 1690 of the Luxembourg Civil Code.

6.6. A register of shareholders shall be kept at the registered office and may be examined by any shareholder on request.
6.7. The Company may redeem its own shares, provided:
(i) it has sufficient distributable reserves for that purpose; or
(ii) the redemption results from a reduction in the Company’s share capital.

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U X E M B O U R G

III. Management - Representation

Art. 1. Appointment and removal of managers.
1.1. The Company shall be managed by one or more managers appointed by a resolution of the shareholders, which sets

the term of their office. The managers need not be shareholders.

1.2. The managers may be removed at any time, with or without cause, by a resolution of the shareholders.

Art. 2. Board of managers. If several managers are appointed, they shall constitute the board of managers (the Board).The

shareholders may decide to appoint managers of two different classes, i.e. one or several class A managers and one or
several class B managers.

2.1. Powers of the board of managers
(i) All powers not expressly reserved to the shareholders by the Law or the Articles fall within the competence of the

Board, which has full power to carry out and approve all acts and operations consistent with the Company’s corporate
object.

(ii) The Board may delegate special or limited powers to one or more agents for specific matters.
2.2. Procedure
(i) The Board shall meet at the request of any two (2) managers, at the place indicated in the convening notice, which

in principle shall be in Luxembourg.

(ii) Written notice of any Board meeting shall be given to all managers at least twenty-four (24) hours in advance, except

in the case of an emergency, in which case the nature and circumstances of such shall be set out in the notice.

(iii) No notice is required if all members of the Board are present or represented and each of them states that they have

full knowledge of the agenda for the meeting. A manager may also waive notice of a meeting, either before or after the
meeting. Separate written notices are not required for meetings which are held at times and places indicated in a schedule
previously adopted by the Board.

(iv) A manager may grant to another manager a power of attorney in order to be represented at any Board meeting.
(v) The Board may only validly deliberate and act if a majority of its members are present or represented. Board

resolutions shall be validly adopted by a majority of the votes of the managers present or represented, provided that if the
shareholders have appointed one or several class A managers and one or several class B managers, at least one (1) class A
manager and one (1) class B manager votes in favour of the resolution. Board resolutions shall be recorded in minutes
signed by the chairperson of the meeting or, if no chairperson has been appointed, by all the managers present or represented.

(vi) Any manager may participate in any meeting of the Board by telephone or video conference, or by any other means

of communication which allows all those taking part in the meeting to identify, hear and speak to each other. Participation
by such means is deemed equivalent to participation in person at a duly convened and held meeting.

(vii) Circular resolutions signed by all the managers (Managers’ Circular Resolutions) shall be valid and binding as if

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

2.3. Representation
(i) The Company shall be bound towards third parties in all matters by the joint signature of any two (2) managers

provided that if the shareholders have appointed one or several class A managers and one or several class B the Company
shall only be bound by the joint signature of any class A manager and any class B manager.

(ii) The Company shall also be bound towards third parties by the signature of any persons to whom special powers

have been delegated by the Board.

Art. 3. Sole manager. If the Company is managed by a sole manager, all references in the Articles to the Board, the

managers or any manager are to be read as references to the sole manager, as appropriate.

Art. 4. Liability of the managers. The managers shall not be held personally liable by reason of their office for any

commitment they have validly made in the name of the Company, provided those commitments comply with the Articles
and the Law.

IV. Shareholders

Art. 1. General meetings of shareholders and shareholders’ written resolutions.
1.1. Powers and voting rights
(i) Unless resolutions are taken in accordance with article 11.1.(ii), resolutions of the shareholders shall be adopted at

a general meeting of shareholders (each a General Meeting).

(ii) If the number of shareholders of the Company does not exceed twenty-five (25), resolutions of the shareholders may

be adopted in writing (Written Shareholders’ Resolutions).

(iii) Each share entitles the holder to one (1) vote.
1.2. Notices, quorum, majority and voting procedures
(i) The shareholders may be convened to General Meetings by the Board. The Board must convene a General Meeting

following a request from shareholders representing more than half of the share capital.

38629

U X E M B O U R G

(ii) Written notice of any General Meeting shall be given to all shareholders at least eight (8) days prior to the date of

the meeting, except in the case of an emergency, in which case the nature and circumstances of such shall be set out in the
notice.

(iii) When resolutions are to be adopted in writing, the Board shall send the text of such resolutions to all the shareholders.

The shareholders shall vote in writing and return their vote to the Company within the timeline fixed by the Board. Each
manager shall be entitled to count the votes.

(iv) General Meetings shall be held at the time and place specified in the notices.
(v) If all the shareholders are present or represented and consider themselves duly convened and informed of the agenda

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

(vi) A shareholder may grant written power of attorney to another person (who need not be a shareholder), in order to

be represented at any General Meeting.

(vii) Resolutions to be adopted at General Meetings shall be passed by shareholders owning more than one-half of the

share capital. If this majority is not reached at the first General Meeting, the shareholders shall be convened by registered
letter to a second General Meeting and the resolutions shall be adopted at the second General Meeting by a majority of the
votes cast, irrespective of the proportion of the share capital represented.

(viii) The Articles may only be amended with the consent of a majority (in number) of shareholders owning at least

three-quarters of the share capital.

(ix) Any change in the nationality of the Company and any increase in a shareholder’s commitment to the Company

shall require the unanimous consent of the shareholders.

(x) Written Shareholders’ Resolutions are passed with the quorum and majority requirements set forth above and shall

bear the date of the last signature received prior to the expiry of the timeline fixed by the Board.

Art. 2. Sole shareholder. When the number of shareholders is reduced to one (1):
(i) the sole shareholder shall exercise all powers granted by the Law to the General Meeting;
(ii) any reference in the Articles to the shareholders, the General Meeting, or the Written Shareholders’ Resolutions is

to be read as a reference to the sole shareholder or the sole shareholder’s resolutions, as appropriate; and

(iii) the resolutions of the sole shareholder shall be recorded in minutes or drawn up in writing.

V. Annual accounts - Allocation of profits - Supervision

Art. 1. Financial year and approval of annual accounts.
1.1. The financial year begins on the first (1) of January and ends on the thirty-first (31) of December of each year.
1.2. Each year, the Board must prepare the balance sheet and profit and loss accounts, together with an inventory stating

the value of the Company’s assets and liabilities, with an annex summarising the Company’s commitments and the debts
owed by its managers and shareholders to the Company.

1.3. Any shareholder may inspect the inventory and balance sheet at the registered office.
1.4. The balance sheet and profit and loss accounts must be approved in the following manner:
(i) if the number of shareholders of the Company does not exceed twenty-five (25), within six (6) months following the

end of the relevant financial year either (a) at the annual General Meeting (if held) or (b) by way of Written Shareholders’
Resolutions; or

(ii) if the number of shareholders of the Company exceeds twenty-five (25), at the annual General Meeting.

Art. 2. Auditors.
2.1. When so required by law, the Company’s operations shall be supervised by one or more approved external auditors

(réviseurs d’entreprises agréés). The shareholders shall appoint the approved external auditors, if any, and determine their
number and remuneration and the term of their office.

2.2. If the number of shareholders of the Company exceeds twenty-five (25), the Company’s operations shall be super-

vised by one or more commissaires (statutory auditors), unless the law requires the appointment of one or more approved
external auditors (réviseurs d’entreprises agréés). The commissaires are subject to re-appointment at the annual General
Meeting. They may or may not be shareholders.

Art. 3. Allocation of profits.
3.1. Five per cent (5%) of the Company’s annual net profits must be allocated to the reserve required by law (the Legal

Reserve). This requirement ceases when the Legal Reserve reaches an amount equal to ten per cent (10%) of the share
capital.

3.2. The shareholders shall determine the allocation of the balance of the annual net profits. They may decide on the

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

3.3. Interim dividends may be distributed at any time, subject to the following conditions:
(i) the Board must draw up interim accounts;

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U X E M B O U R G

(ii) the interim accounts must show that sufficient profits and other reserves (including share premium) are available

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

(iii) within two (2) months of the date of the interim accounts, the Board must resolve to distribute the interim dividends;

and

(iv) taking into account the assets of the Company, the rights of the Company’s creditors must not be threatened by the

distribution of an interim dividend.

If the interim dividends paid exceed the distributable profits at the end of the financial year, the Board has the right to

claim the reimbursement of dividends not corresponding to profits actually earned and the shareholders must immediately
refund the excess to the Company if so required by the Board.

VI. Dissolution - Liquidation

16.1. The Company may be dissolved at any time by a resolution of the shareholders adopted with the consent of a

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

16.2. The surplus (if any) after realisation of the assets and payment of the liabilities shall be distributed to the share-

holders in proportion to the shares held by each of them.

VII. General provisions

17.1. Notices and communications may be made or waived, Managers’ Circular Resolutions and Written Shareholders

Resolutions may be evidenced, in writing, by fax, email or any other means of electronic communication.

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

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

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

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

17.4. All matters not expressly governed by these Articles shall be determined in accordance with the applicable law

and, subject to any non-waivable provisions of the law, with any agreement entered into by the shareholders from time to
time.

Subscription and payment

The appearing parties, represented as stated above, declare to subscribe for the following number of shares and to pay

up such shares as indicated in the below table:

Name of Subscriber

Number

of shares

Payment

in GBP

and in

cash

BSPI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

774,927

7,749.27

GSLP I Offshore A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45,091

450.91

GSLP I Offshore B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45,091

450.91

GSLP I Offshore C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45,091

450.91

GSLP I Onshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12,397

123.97

GSMP V Institutional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55,578

555.78

GSMP V Offshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

797,007

7,970.07

GSMP Onshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

526,742

5,267.42

Mezzanine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32,315

323.15

PSC I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

563,831

5,638.31

PSC II Parallel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12,215

122.15

PSC II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

89,715

897.15

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000

30,000

The amount of thirty thousand pound sterling (GBP 30,000) is at the Company’s disposal and evidence of such amount

has been given to the undersigned notary.

38631

U X E M B O U R G

Costs

The expenses, costs, fees and charges of any kind whatsoever to be borne by the Company in connection with its

incorporation are estimated at approximately 1,700.- euros.

Resolutions of the shareholders

Immediately after the incorporation of the Company, its shareholders, representing the entire subscribed capital, adopted

the following resolutions:

(i) The following are appointed as managers of the Company for an indefinite period:
- Marielle Stijger, born on 10 December 1969 in Capelle aan den Ijssel, the Netherlands, with professional address at

2, rue du Fossé, L-1536 Luxembourg;

- Alexis de Montpellier, born on 22 March 1979 in Namur, Belgium, with professional address at 2, rue du Fossé, L-1536

Luxembourg;

- GS Lux Management Services S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated

and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2, rue du Fossé, L-1536
Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 88.045 and having a share capital of EUR 15,000;

- Emilie Railhac, born on 13 September 1979 in Nancy, France, with professional address at 133 Fleet Street, Peterbo-

rough Court, London EC4A 2BB, United Kingdom; and

- Carole Pace Bonello, born on 28 July 1961 in Barnet, United Kingdom, with professional address at 3, boulevard

Royal, L-2449 Luxembourg.

(ii) The registered office of the Company is located at 2, rue du Fossé, L-1536 Luxembourg.

Declaration

The undersigned notary, who understands and speaks English, states at the request of the appearing parties that this deed

is drawn up in English, followed by a French version, and that in the case of discrepancies, the English version prevails.

This notarial deed is drawn up in Pétange, on the date stated above.
After reading this deed aloud, the notary signs it with the authorised representative of the appearing parties.

Suit la traduction française du texte qui précède:

L’an deux mille seize, le vingt-huitième jour de janvier.
Par-devant le soussigné, Maître Jacques Kesseler, notaire de résidence à Pétange, Grand-Duché de Luxembourg.

ONT COMPARU:

1. Broad Street Principal Investments, L.L.C., une société à responsabilité limitée organisée et existant en vertu des lois

de l’Etat du Delaware, Etats-Unis d’Amérique, dont le siège social se situe à c/o The Corporation Trust Company, 1209
Orange Street, Wilmington, County of Newcastle, Delaware 19801, Etats-Unis d’Amérique, immatriculée à la Division
des Sociétés, Etat du Delaware sous le numéro 5225144 (BSPI),

2. GSLP I Offshore A S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-Duché

de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 138.747 et disposant d’un capital
social de EUR 12.500 (GSLP Offshore A),

3. GSLP I Offshore B S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-Duché

de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 138.748 et disposant d’un capital
social de EUR 12.500 (GSLP Offshore B),

4. GSLP I Offshore C S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-Duché

de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 138.749 et disposant d’un capital
social de EUR 12.500 (GSLP Offshore C),

5. GSLP I Onshore S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-Duché

de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 138.795 et disposant d’un capital
social de EUR 12.500 (GSLP Onshore),

6. GSMP V Institutional S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-

Duché de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 135.829 et disposant d’un capital
social de EUR 12.500 (GSMP V Institutional),

7. GSMP V Offshore S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-Duché

de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,

38632

U X E M B O U R G

immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 116.400 et disposant d’un capital
social de EUR 12.500 (GSMP V Offshore),

8. GSMP V Onshore S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-Duché

de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de Luxembourg,
immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 116.396 et disposant d’un capital
social de EUR 12.500 (GSMP V Onshore),

9. Mezzanine Finance Europe S.A., une société anonyme constituée et existant en vertu des lois du Grand-Duché de

Luxembourg, dont le siège social se situe au 80, route d’Esch, L-1470 Luxembourg, Grand-Duché de Luxembourg, im-
matriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 116.353 (Mezzanine),

10. Park Square Capital I S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-

Duché de Luxembourg, dont le siège social se situe au 3, boulevard Royal, L-2449 Luxembourg, Grand-Duché de
Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 104.706 et disposant
d’un capital social de EUR 12.500 (PSC I),

11. Park Square Capital II Parallel S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du

Grand-Duché de Luxembourg, dont le siège social se situe au 3, boulevard Royal, L-2449 Luxembourg, Grand-Duché de
Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 159.424 et disposant
d’un capital social de EUR 12.500 (PSC II Parallel), et

12. Park Square Capital II S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du Grand-

Duché de Luxembourg, dont le siège social se situe au 3, boulevard Royal, L-2449 Luxembourg, Grand-Duché de
Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 145.659 et disposant
d’un capital social de EUR 12.500 (PSC II),

toutes représentées par Madame Sofia AFONSO-DA CHAO CONDE, clerc de notaire, avec adresse professionnelle à

Pétange, en vertu de procurations données sous seing privé.

Après avoir été signées ne varietur par le mandataire des parties comparantes et le notaire instrumentant, lesdites pro-

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

Les parties comparantes, représentées comme indiqué ci-dessus, ont prié le notaire instrumentant d’acter de la façon

suivante les statuts d’une société à responsabilité limitée qui est ainsi constituée:

I. Dénomination - Siège social - Objet - Durée

Art. 1

. Dénomination. Le nom de la société est «Northgate Luxembourg Holdings GP S.à r.l.» (la Société). La Société

est une société à responsabilité limitée régie par les lois du Grand-Duché de Luxembourg, et en particulier par la loi du 10
août 1915 sur les sociétés commerciales, telle que modifiée (la Loi), ainsi que par les présents statuts (les Statuts).

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

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

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

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

Art. 3. Objet social.
3.1. L’objet de la Société est d’agir en qualité d’actionnaire commandité dans toute société en commandite par actions

ainsi que la prise et la cession de participations, tant au Luxembourg qu’à l’étranger, dans toutes sociétés ou entreprises
sous quelque forme que ce soit, et la gestion de ces participations. La Société peut notamment acquérir par souscription,
achat et échange ou de toute autre manière tous titres, actions et autres valeurs de participation, obligations, créances,
certificats de dépôt et autres instruments de dette, et plus généralement, toutes valeurs mobilières et instruments financiers
émis par toute entité publique ou privée. Elle peut participer à la création, au développement, à la gestion et au contrôle de
toute société ou entreprise. Elle peut en outre investir dans l’acquisition et la gestion d’un portefeuille de brevets ou d’autres
droits de propriété intellectuelle de quelque nature ou origine que ce soit.

3.2. La Société peut emprunter sous quelque forme que ce soit, sauf par voie d’offre publique. Elle peut procéder,

uniquement par voie de placement privé, à l’émission de billets à ordre, d’obligations et de tous types de titres et instruments
de dette ou de capital. La Société peut prêter des fonds, y compris notamment les revenus de tous emprunts, à ses filiales,
sociétés affiliées, ainsi qu’à toutes autres sociétés. La Société peut également consentir des garanties et nantir, céder, grever
de charges ou autrement créer et accorder des sûretés sur toute ou partie de ses actifs afin de garantir ses propres obligations
et celles de toute autre société et, de manière générale, en sa faveur et en faveur de toute autre société ou personne. En tout

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U X E M B O U R G

état de cause, la Société ne peut effectuer aucune activité réglementée du secteur financier sans avoir obtenu l’autorisation
requise.

3.3. La Société peut employer toutes les techniques, instruments et moyens juridiques nécessaires à une gestion efficace

de ses investissements et à sa protection contre les risques de crédit, les fluctuations monétaires, les fluctuations de taux
d’intérêt et autres risques.

3.4. La Société peut effectuer toutes les opérations commerciales, financières ou industrielles et toutes les transactions

concernant des biens immobiliers ou mobiliers qui, directement ou indirectement, favorisent ou se rapportent à son objet
social.

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

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

II. Capital - Parts sociales

Art. 5. Capital.
5.1. Le capital social est fixé à trente mille livres sterling (GBP 30.000,-), représenté par trois millions (3.000.000) de

parts sociales sous forme nominative, ayant une valeur nominale de un penny (GBP 0,01) chacune.

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

selon les modalités requises pour la modification des Statuts.

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

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

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

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

6.6. Un registre des associés est conservé au siège social et peut être consulté à la demande de tout associé.
6.7. La Société peut racheter ses propres parts sociales à condition:
(i) qu’elle dispose des réserves distribuables suffisantes à cet effet; ou
(ii) que le rachat résulte de la réduction du capital social de la Société.

III. Gestion - Représentation

Art. 7. Nomination et révocation des gérants.
7.1. La Société est gérée par un ou plusieurs gérants nommés par une résolution des associés, qui fixe la durée de leur

mandat. Les gérants ne doivent pas nécessairement être des associés.

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

Art. 8. Conseil de gérance. Si plusieurs gérants sont nommés, ils constitueront le conseil de gérance (le Conseil). Les

associés peuvent décider de nommer des gérants de deux différentes classes, à savoir un ou plusieurs gérants de classe A
et un ou plusieurs gérants de classe B.

8.1. Pouvoirs du conseil de gérance
(i) Tous les pouvoirs non expressément réservés par la Loi ou les Statuts aux associés sont de la compétence du Conseil,

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

(ii) Le Conseil peut déléguer des pouvoirs spéciaux ou limités pour des tâches spécifiques à un ou plusieurs agents.
8.2. Procédure
(i) Le Conseil se réunit sur convocation de deux (2) gérants au lieu indiqué dans l’avis de convocation, qui en principe,

sera au Luxembourg.

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

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

(iii) Aucune convocation n’est requise si tous les membres du Conseil sont présents ou représentés et si chacun d’eux

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

(iv) Un gérant peut donner une procuration à un autre gérant afin de le représenter à une réunion du Conseil.

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U X E M B O U R G

(v) Le Conseil ne peut délibérer et agir valablement que si la majorité de ses membres sont présents ou représentés. Les

décisions du Conseil sont valablement adoptées à la majorité des voix des gérants présents ou représentés, à la condition
que lorsque les associés ont nommé un ou plusieurs gérants de classe A et un ou plusieurs gérants de classe B, au moins
un (1) gérant de classe A et un (1) gérant de classe B vote en faveur de la décision. Les décisions du Conseil sont consignées
dans des procès-verbaux signés par le président de la réunion ou, si aucun président n’a été nommé, par tous les gérants
présents ou représentés.

(vi) Tout gérant peut participer à toute réunion du Conseil par téléphone ou visioconférence ou par tout autre moyen de

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

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

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

8.3. Représentation
(i) La Société est engagée vis-à-vis des tiers en toutes circonstances par les signatures conjointes de deux (2) gérants, à

la condition que lorsque les associés ont nommé un ou plusieurs gérants de classe A et un ou plusieurs gérants de classe B
la Société n’est engagée vis-à-vis des tiers que par les signatures conjointes d’un gérant de classe A et d’un gérant de classe
B.

(ii) La Société est également engagée vis-à-vis des tiers par la signature de toutes personnes à qui des pouvoirs spéciaux

ont été délégués par le Conseil.

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

ou à un gérant, doit être considérée, le cas échéant, comme une référence au gérant unique.

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

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

IV. Associés

Art. 11. Assemblées générales des associés et résolutions écrites des associés.
11.1. Pouvoirs et droits de vote
(i) Sauf lorsque des résolutions sont adoptées conformément à l’article 11.1. (ii), les résolutions des associés sont ad-

optées en assemblée générale des associés (chacune une Assemblée Générale).

(ii) Si le nombre des associés de la Société ne dépasse pas vingt-cinq (25), les résolutions des associés peuvent être

adoptées par écrit (Résolutions Ecrites des Associés).

(iii) Chaque part sociale donne droit à un (1) vote.
11.2. Convocations, quorum, majorité et procédure de vote
(i) Les associés peuvent être convoqués aux Assemblées Générales à l’initiative du Conseil. Le Conseil doit convoquer

une Assemblée Générale à la demande d’associés représentant plus de la moitié du capital social.

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

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

(iii) Lorsque des résolutions sont adoptées par écrit, le Conseil communique le texte des résolutions à tous les associés.

Les associés votent par écrit et envoient leur vote à la Société dans le délai fixé par le Conseil. Chaque gérant est autorisé
à compter les votes.

(iv) Les Assemblées Générales sont tenues au lieu et heure précisés dans les convocations.
(v) Si tous les associés sont présents ou représentés et se considèrent comme ayant été valablement convoqués et informés

de l’ordre du jour de l’Assemblée Générale, celle-ci peut se tenir sans convocation préalable.

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

Assemblée Générale.

(vii) Les décisions de l’Assemblée Générale sont adoptées par des associés détenant plus de la moitié du capital social.

Si cette majorité n’est pas atteinte à la première Assemblée Générale, les associés sont convoqués par lettre recommandée
à une seconde Assemblée Générale et les décisions sont adoptées par l’Assemblée Générale à la majorité des voix exprimées,
sans tenir compte de la proportion du capital social représenté.

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

moins les trois-quarts du capital social.

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

Société exige le consentement unanime des associés.

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U X E M B O U R G

(x) Des Résolutions Ecrites des Associés sont adoptées avec le quorum de présence et de majorité détaillés ci-dessus.

Elles porteront la date de la dernière signature reçue avant l’expiration du délai fixé par le Conseil.

Art. 12. Associé unique. Dans le cas où le nombre des associés est réduit à un (1):
(i) l’associé unique exerce tous les pouvoirs conférés par la Loi à l’Assemblée Générale;
(ii) toute référence dans les Statuts aux associés, à l’Assemblée Générale ou aux Résolutions Ecrites des Associés est

considérée, le cas échéant, comme une référence à l’associé unique ou aux résolutions de ce dernier; et

(iii) les résolutions de l’associé unique sont consignées dans des procès-verbaux ou rédigées par écrit.

V. Comptes annuels - Affectation des bénéfices - Contrôle

Art. 13. Exercice social et approbation des comptes annuels.
13.1. L’exercice social commence le premier (1

) janvier et se termine le trente et un (31) décembre de chaque année.

13.2. Chaque année, le Conseil doit dresser le bilan et le compte de profits et pertes, ainsi qu’un inventaire indiquant la

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

13.3. Tout associé peut prendre connaissance de l’inventaire et du bilan au siège social.
13.4. Le bilan et le compte de profits et pertes doivent être approuvés de la façon suivante:
(i) si le nombre des associés de la Société ne dépasse pas vingt-cinq (25), dans les six (6) mois de la clôture de l’exercice

social en question, soit (a) par l’Assemblée Générale annuelle (si elle est tenue), soit (b) par voie de Résolutions Ecrites
des Associés; ou

(ii) si le nombre des associés de la Société dépasse vingt-cinq (25), par l’Assemblée Générale annuelle.

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

par la loi. Les associés nomment les réviseurs d’entreprises agréés, s’il y a lieu, et déterminent leur nombre, leur rémuné-
ration et la durée de leur mandat.

14.2. Si la Société compte plus de vingt-cinq (25) associés, ses opérations sont surveillées par un ou plusieurs commis-

saires, à moins que la loi n’exige la nomination d’un ou plusieurs réviseurs d’entreprises agréés. Les commissaires sont
sujets au renouvellement de leur mandat par l’Assemblée Générale annuelle. Ils peuvent être des associés ou non.

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

Légale). Cette affectation cesse d’être exigée quand la Réserve Légale atteint un montant équivalent à dix pour cent (10%)
du capital social.

15.2. Les associés décident de l’affectation du solde des bénéfices nets annuels. Ils peuvent décider du versement d’un

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

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

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

(iii) le Conseil doit décider de distribuer les dividendes intérimaires dans les deux (2) mois suivant la date des comptes

intérimaires; et

(iv) compte tenu des actifs de la Société, les droits des créanciers de la Société ne doivent pas être menacés par la

distribution d’un versement intérimaire.

Si les dividendes intérimaires qui ont été distribués dépassent les bénéfices distribuables à la fin de l’exercice social, le

Conseil a le droit de réclamer la répétition des dividendes ne correspondant pas à des bénéfices effectivement réalisés et
les associés doivent immédiatement reverser l’excès à la Société sur demande du Conseil.

VI. Dissolution - Liquidation

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

des associés détenant au moins les trois-quarts du capital social. Les associés nommeront un ou plusieurs liquidateurs, qui
n’ont pas besoin d’être des associés, pour réaliser la liquidation et détermineront leur nombre, pouvoirs et rémunération.
Sauf décision contraire des associés, les liquidateurs sont investis des pouvoirs les plus étendus pour réaliser les actifs et
payer les dettes de la Société.

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

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

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U X E M B O U R G

VII. Dispositions générales

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

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

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

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

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

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

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

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

Souscription et libération

Les parties comparantes, représentées comme indiqué ci-dessus, déclarent souscrire au nombre de parts sociales suivant

et les libérer intégralement tel qu’indiqué dans le tableau ci-dessous:

Nom du souscripteur

Nombre

de parts

sociales

Libération

en GBP

et en

numéraire

BSPI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

774.927

7.749,27

GSLP I Offshore A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45.091

450,91

GSLP I Offshore B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45.091

450,91

GSLP I Offshore C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45.091

450,91

GSLP I Onshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.397

123,97

GSMP V Institutional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55.578

555,78

GSMP V Offshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

797.007

7.970,07

GSMP Onshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

526.742

5.267,42

Mezzanine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32.315

323,15

PSC I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

563.831

5.638,31

PSC II Parallel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.215

122,15

PSC II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

89.715

897,15

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.000.000

30.000

Le montant de trente mille livres sterling (GBP 30.000) est à la disposition de la Société, comme il a été prouvé au

notaire instrumentant.

Frais

Les dépenses, coûts, honoraires et charges de quelque nature que ce soit qui incombent à la Société du fait de sa

constitution s’élèvent approximativement à 1.700,- euros.

Résolutions des associés

Immédiatement après la constitution de la Société, ses associés, représentant l’intégralité du capital social souscrit, ont

pris les résolutions suivantes:

(i) Les personnes suivantes sont nommées en qualité de gérants de la Société pour une durée indéterminée:
- Marielle Stijger, née le 10 décembre 1969 à Capelle aan den Ijssel, les Pays-Bas, avec adresse professionnelle au 2,

rue du Fossé, L-1536 Luxembourg;

- Alexis de Montpellier, né le 22 mars 1979 à Namur, Belgique, avec adresse professionnelle au 2, rue du Fossé, L-1536

Luxembourg;

- GS Lux Management Services S.à r.l., une société à responsabilité limitée constituée et existant en vertu des lois du

Grand-Duché de Luxembourg, dont le siège social se situe au 2, rue du Fossé, L-1536 Luxembourg, Grand-Duché de
Luxembourg, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 88045 et disposant
d’un capital social de EUR 15.000;

- Emilie Railhac, née le 13 septembre 1979 à Nancy, France, avec adresse professionnelle au 133 Fleet Street, Peter-

borough Court, London EC4A 2BB, Royaume-Uni;

- Carole Pace Bonello, née le 28 juillet 1961 à Barnet, Royaume Uni, avec adresse professionnelle au 3, boulevard Royal,

L-2449 Luxembourg.

(ii) Le siège social de la Société est établi au 2, rue du Fossé, L-1536 Luxembourg.

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Déclaration

Le notaire soussigné, qui comprend et parle l’anglais, déclare qu’à la requête des parties comparantes le présent acte est

rédigé en anglais, suivi d’une traduction française et qu’en cas de divergences, la version anglaise fait foi.

Dont acte, fait et passé à Pétange, à la date qu’en tête des présentes.
Après avoir lu le présent acte à voix haute, le notaire le signe avec le mandataire des parties comparantes.
Signé: Conde, Kesseler.
Enregistré à Esch/Alzette Actes Civils, le 05 février 2016. Relation: EAC/2016/3256. Reçu soixante-quinze euros (75,00

€).

Le Receveur (signé): Santioni A.

POUR EXPEDITION CONFORME.
Référence de publication: 2016076040/625.
(160040708) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 mars 2016.

Nordea Asset Allocation Fund, Fonds Commun de Placement.

La nouvelle version du règlement de gestion du Fonds Commun de Placement Nordea Asset Allocation Fund a été

déposée auprès du Registre du Commerce et des Sociétés, Luxembourg.

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

Luxembourg, le 26 février 2016.

Nordea Investment Funds S.A.

Référence de publication: 2016072353/10.
(160036200) Déposé au registre de commerce et des sociétés de Luxembourg, le 29 février 2016.

Nordea International Fund, Fonds Commun de Placement.

La nouvelle version du règlement de gestion du Fonds Commun de Placement Nordea International Fund a été déposée

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 26 février 2016.

Nordea Investment Funds S.A.

Référence de publication: 2016072354/10.
(160036201) Déposé au registre de commerce et des sociétés de Luxembourg, le 29 février 2016.

Hogepa S.A., Société Anonyme.

Siège social: L-2557 Luxembourg, 18, rue Robert Stümper.

R.C.S. Luxembourg B 139.508.

L'an deux mille quinze, le vingt-quatrième jour du mois de décembre.
Par-devant Maître Edouard DELOSCH, notaire de résidence à Diekirch (Grand-Duché de Luxembourg).

S'est réunie

l'assemblée générale extraordinaire des actionnaires de la société anonyme HOGEPA S.A., ayant son siège social à

L-2557 Luxembourg, 18, Rue Robert Stümper, inscrite au Registre de Commerce et des Sociétés de Luxembourg, à la
section B, sous le numéro 139.508 (la "Société"), constituée suivant acte reçu par Maître Gérard Lecuit, notaire de résidence
à Luxembourg, en date du 5 juin 2008, publié au Mémorial C, Recueil des Sociétés et Associations, numéro 1700 du 10
juillet 2008. Les statuts de la Société n'ont pas encore été modifiés depuis sa constitution.

L'assemblée est présidée par Frédéric Cipolletti, employé privé, et demeurant professionnellement à L-2557 Luxem-

bourg, 18, rue Robert Stümper.

Le président désigne comme secrétaire Teresa GANINO, employée privée, et demeurant professionnellement à L-2557

Luxembourg, 18, rue Robert Stümper.

L'assemblée choisit comme scrutateur Frédéric Cipolletti, employé privé, et demeurant professionnellement à L-2557

Luxembourg, 18, rue Robert Stümper.

Le président déclare et prie le notaire d'acter que:
I. Les actionnaires représentés et le nombre des actions qu'ils détiennent sont renseignés sur une liste de présence, signée

par le président, le secrétaire, le scrutateur et le notaire instrumentant.

Cette liste et les procurations signées ne varietur seront annexées au présent acte afin d'être soumises aux formalités

d'enregistrement avec le présent acte.

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U X E M B O U R G

II. Tous les actionnaires représentés ont déclaré avoir été préalablement suffisamment informés de l'ordre du jour de

l'assemblée générale et ont renoncé à leurs droits à un avis de convocation y relatif, de sorte que l'assemblée générale peut
se prononcer valablement sur tous les points inscrits à l'ordre du jour.

III. Il ressort de la liste de présence que toutes les cent (100) actions de la Société sont représentées à la présente assemblée

de sorte que la présente assemblée est régulièrement constituée et peut valablement délibérer sur l'ordre du jour tel qu'il
suit:

Ordre du jour

1. Dissolution de la Société et mise en liquidation de la Société;

2. Nomination de Monsieur Valerio CESANO, comme liquidateur et détermination de ses pouvoirs;

3. Divers.

Après délibération, les résolutions suivantes ont été prises à l'unanimité par les actionnaires de la Société:

Première résolution

Conformément à la loi du 10 août 1915 concernant les sociétés commerciales, telle qu'elle a été modifiée, l'assemblée

générale décide la dissolution anticipée de la Société et décide sa mise en liquidation à compter de ce jour.

Deuxième résolution

Suite à la résolution qui précède, l'assemblée générale décide de nommer en qualité de liquidateur:

- Monsieur Valerio CESANO, né le 10 janvier 1957 à Torino, domicilié à F-57016 Paris, 46, avenue de New York.

Le liquidateur a les pouvoirs les plus étendus prévus par les articles 144 à 148 bis de la loi du 10 août 1915 concernant

les sociétés commerciales, telle qu'elle a été modifiée.

Il peut accomplir tous les actes prévus à l'article 145 sans devoir recourir à l'autorisation des actionnaires dans les cas

où elle est requise.

Il peut dispenser le conservateur des hypothèques de prendre inscription d'office; renoncer à tous droits réels, privilèges,

hypothèques, actions résolutoires; donner mainlevée, avec ou sans paiement de toutes inscriptions privilégiées ou hypo-
thécaires, transcriptions, saisies, oppositions ou autres empêchements.

Le liquidateur est dispensé de l'inventaire et peut se référer aux comptes de la Société.

Il peut, sous sa responsabilité, pour des opérations spéciales ou déterminées, déléguer à un ou plusieurs mandataires

telle partie de ses pouvoirs qu'il détermine et pour la durée qu'il fixera.

Plus rien ne figurant à l'ordre du jour, la séance est levée.

Estimation des frais

Le montant des frais, dépenses, rémunérations ou charges, sous quelque forme que ce soit, qui incombent à la société

ou qui sont mis à sa charge en raison des présentes, s'élève approximativement au montant de mille deux cents euros (EUR
1.200,-).

DONT ACTE, fait et passé à Luxembourg, date qu'en tête des présentes.

Et après lecture faite et interprétation donnée aux membres du Bureau, connus du notaire instrumentant par leurs noms,

prénoms usuels, états et demeures, ils ont signé le présent acte avec le notaire.

Signé: F. CIPOLLETTI, T. GANINO, DELOSCH.

Enregistré à Diekirch Actes Civils, le 29 décembre 2015. Relation: DAC/2015/22536. Reçu soixante-quinze (75,-) euros.

Le Receveur (signé): THOLL.

Pour expédition conforme, délivrée, sur demande à la société prénommé par Maître Pierre PROBST, notaire de résidence

à Ettelbruck, en tant que dépositaire provisoire des minutes de Maître Edouard DELOSCH, alors notaire de résidence à
Diekirch.

Diekirch, le 5 janvier 2016.

Référence de publication: 2016003797/68.

(160002004) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 janvier 2016.

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U X E M B O U R G

Ergeco (SPF) S.A., Société Anonyme - Société de Gestion de Patrimoine Familial.

Siège social: L-8211 Mamer, 53, route d'Arlon.

R.C.S. Luxembourg B 29.220.

Extrait des résolutions prises par le Conseil d'Administration du 11 janvier 2016

Le Conseil d'Administration décide de nommer en qualité de dépositaire des actions au porteur de la société Ergeco

(SPF) S.A., la fiduciaire FGA (Luxembourg) S.A., 53 Route d'Arlon L-8211 Mamer, immatriculée au Registre du Com-
merce et des Sociétés de Luxembourg sous le numéro B 61.096, inscrite à l'Ordre des Expert-comptable de Luxembourg.

Référence de publication: 2016051206/11.
(160009702) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 janvier 2016.

HSH Nordbank Securities S.A., Société Anonyme.

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

R.C.S. Luxembourg B 14.784.

Auszug aus dem Beschluss der außerordentlichen Generalversammlung vom 4. Dezember 2015

Aus dem Beschluss der außerordentlichen Generalversammlung geht hervor, dass Herr Thomas Rabehl, Managing

Director, Global Head Compliance der HSH Nordbank AG, Hamburg/Kiel, geboren am 10. Mai 1965 in Hamburg, mit
beruflichem Wohnsitz in Deutschland, 20095 Hamburg, Gerhart-Hauptmann-Platz 50, mit Wirkung zum 4. Dezember
2015 zum Mitglied des Verwaltungsrates der HSH Nordbank Securities SA. bestellt wurde.

Die EZB hat der Ernennung mit Schreiben vom 26.11.2015 zugestimmt.
Dauer des Mandats: Begrenzt: Bis zur Generalversammlung, die im Jahre 2017 stattfinden wird.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Luxemburg, den 15.01.2016.

Für gleichlautenden Auszug
Franz-Josef Glauben / Carsten Bäcker
Managing Director / Managing Director

Référence de publication: 2016051304/19.
(160010149) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 janvier 2016.

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

Siège social: L-1661 Luxembourg, 31, Grand-Rue.

R.C.S. Luxembourg B 153.763.

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.

Signature.

Référence de publication: 2016051192/10.
(160009343) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 janvier 2016.

EEC Investments S.A., Société Anonyme.

Siège social: L-2453 Luxembourg, 19, rue Eugène Ruppert.

R.C.S. Luxembourg B 107.469.

Extrait des résolutions prises lors de l'assemblée générale ordinaire du 18 décembre 2015

L'Assemblée Générale accepte la démission de Monsieur Jean LAMBERT, administrateur, avec effet au 18 décembre

2015.

Extrait sincère et conforme
EEC INVESTMENTS S.A.
Un mandataire

Référence de publication: 2016051193/13.
(160009997) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 janvier 2016.

Editeur:

Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg

Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck

38640

Document Outline

Beauregard Capital Sicav

BlackRock (Luxembourg) S.A.

d'Amico International Shipping S.A.

DB Platinum

DB Platinum II

DB Platinum IV

Dual Return Fund (Sicav)

EDU Luxco S.à r.l.

EEC Investments S.A.

Ergeco (SPF) S.A.

Eurofins Scientific SE

Foxitec S.A. SPF

Global Advantage Funds

Global Green Fund FCP-SIF

Hogepa S.A.

HSH Nordbank Securities S.A.

Imprimerie Centrale

Infusive Ucits Fund

Interfund Sicav

Marsan Holding S.A.

Nikkei Invest Corporation S.A., SPF

NN (L) CMF

Nordea Asset Allocation Fund

Nordea International Fund

Northgate Luxembourg Holdings GP S.à r.l.

Subsea 7 S.A.

UniInstitutional Corporate Hybrid Bonds

UniInstitutional Euro Subordinated Bonds

Valau S.A.

Vivaro Holdings S.A.

Wenkelhiel