ACT CONSTITUTIV AL SOCIETII COMERCIALE D&M DESIGN S.R.L.

ARTICLES OF INCORPORATION OF D&M DESIGN LLC

Subsemnatul(a), DIACONU DENISA MIHAELA , cetean romn, nscut() la data de 08. August 1991 n Municipiul Feteti, Jud. Ialomia, domiciliat() n Bucureti, str. Aleea Mostitea nr. 39A, bloc 39A, scara 1, etaj3, ap. 33, sector 3, identificat() cu C.I. seria RD nr. 670072, eliberat de SPCEP S3 biroul nr.4, la data de 30.10.2010, CNP 2910808210015, n calitate de asociat unic am hotrt costituirea unei societi comerciale cu rspundere limitat, conform legii nr. 31/1990 republicat i modificat, n urmtoarele condiii:

I, the undersigned, DIACONU DENISA MIHAELA, Romanian citizen, born on 8th August 1990 in Ialomia County, Feteti City, with current residence in Bucharest, 39A, Aleea Mostitea Street, building 39A, 3rd floor, apartment 33, identified by ID series RD no. 670072, issued by SPCEP S3 office no.4, at 30th October 2010, Social Security Number 2910808210015, as sole associate I decided to set up a commercial company having limited liability, according to law no. 31/1990 republished and modified, in the following conditions:

CAPITOLUL I: FORMA, DENUMIREA, CHAPTER 1: LEGAL STATUS, NAME, SEDIUL, DURATA HEADQUARTERS AND TIME PERIOD Art. 1 Denumirea societii comerciale este D&M Design S.R.L. nsoit n toate actele ce eman de la ea de informaiile prevzute la articolul 74 din Legea 31/1990 republicat i modificat. Art. 2 Forma juridic a societii este cu rspundere limitat, persoan juridic romn, care i desfoar activitatea n conformitate cu legile romne i prevederile prezentului act constitutive. Art. 3 Sediul Sediul societii este n Romnia, Bucureti, sector 3, str. Aleea Mostitea nr. 39A, bloc 39A, scara 1, parter, ap. 3. Pe parcursul funcionrii societatea va putea s deschid filiale, puncte de lucru i alte subuniti, n condiiile legii. Art. 4 Durata societii Societatea se constituie pe perioad nelimitat ncepnd cu data nmatriculrii n Registrul Comerului. Prin voina asociatului unic, cu respectarea prevederilor legale, se poate schimba att forma juridic ct i sediul societii. Article 1 The name of the commercial company is D&M Design LLC, accompanied in all the documents resulting from it by the informations presented in article 74 from Law 31/1990 republished and modified. Article 2 The juridical form (legal status) of the company is limited liability company, Romanian juridical person, that performs its activity according to the Romanian Law and the provisions of this constitutive deed. Article 3 Headquarters The companys headquarter is in Romania, Bucharest, 3rd sector, 39A Aleea Mostitea Street, building 39A, ground floor, apart. 3. During its functionning the LLC will be able to open branches, workstations or other subunits according to the law. Article 4 Time period of the company The company is set up for an unlimited period of time, starting with the registration at the Trade Register. With the will of the sole associate and according to the legal provisions, the juridical status and the headquarter can be changed.

CAPITOLUL 2: OBIECTUL ACTIVITATE AL SOCIETII

DE CHAPTER ACTIVITY

2:

THE

OBJECT

OF

Art. 5 Conform nomenclatorului privind Article 5 According to the classification of clasificarea activitilor din economia naional activities in the national economy, CAEN, the CAEN, obiectul de activitate al societii este: object of activity of the company is: Domeniul principal: 4772 Comer cu amnuntul al nclmintei i articolelor din piele, n magazine specializate Secundar: 4751 Comer cu amnuntul al textilelor, n magazine specializate 5.1. Aceste activiti se vor realiza mpreun sau separate, n oricare dintre domeniile artate, societatea urmnd a desfura toate acele activiti conexe necesare realizrii obiectului de activitate propus, n conformitate cu reglementrile legale existente. The companys main field of activity: 4772 Specialized trade of shoes and other lather products, in specialized stores. Secondary: 4751 Specialized trade of textiles, in specialized stores 5.1. These activities can be performed together or separate, in either of the fields of activity presented previously. The company will perform all those related activities necessary for accomplishment of the proposed object, according to the existing legislation.

5.2. Societatea va putea participa, n calitate de 5.2. The company can participate, as a acionar sau asociat, la alte societi shareholder or associate, to other commercial comerciale, n condiiile legislaiei n vigoare. companies, according to the existing legislation. 5.3. Societatea va putea desfura orice alt 5.3. The company will be able to perform any activitate legat direct sau indirect de obiectul other activity that is in direct or indirect de activitate sau i va putea lrgi, modifica i connection with the object of activity and will adapta obiectul de activitate, n condiiile be able to broden, modify or adapt its object of prevzute de prezentul act constitutiv i cu activity, according the the conditions presented respectarea legislaiei n vigoare. in this constitutive deed and in compliance with the existing legislation.

CAPITOLUL 3: CAPITALUL SOCIAL, CHAPTER 3: PRILE SOCIALE SOCIAL PARTS Art. 6 Capitalul social este de 200 RON divizat n 20 de pri sociale cu valoare nominal unitar de 10 RON, fiind deinut n integralitate de asociatul unic DIACONU DENISA MIHAELA. 6.2. Prile sociale nu pot fi reprezentate prin titluri negociabile. 6.3. Capitalul social poate fi modificat prin

SOCIAL

CAPITAL,

Article 6 The social capital is 200 RON divided in 20 social parts with unitary nominal value of 10 RON. The social capital is entirely owned by the sole associate DIACONU DENISA MIHAELA. 6.2. The social parts cannot be represented by negotiable securities. 6.3. The social capital may be amended by

decizia asociatului unic i se face prin: decision of the sole associate and it is done by: aporturile de capital ale eventualilor capital contributions of prospective asociai noi; new associates; rezervele legale; legal reserves; beneficii; benefits/ revenues; alte surse prevzute de lege. other sources provided by law. 6.4. Cheltuielile aferente majorrii capitalului social prin cooptarea de noi asociai se suport, integral, de acetia. 6.5. Reducerea capitalului social se hotrte de asociatul unic n limitele prevzute de lege. 6.6. Obligaiile sociale sunt garantate cu patrimoniul social, asociatul unic rspunznd numai pn la concurena capitalului social subscris. 6.7. Patrimoniul societii nu poate fi grevat de creane sau de alte obligaii personale ale asociailor. 6.4. Costs of increasing capital by attracting new partners are borne entirely by them. 6.5. The capital reduction is decided by the sole associate, according to the law. 6.6. Social obligations are backed by social patrimony, the sole associate responding only to the extent of the invested capital. 6.7. The companys patrimony cannot be encumbered by debts or other personal obligations of members. CHAPTER 4: COMPANYS MANAGEMENT AND ADMINISTRATION

CAPITOLUL 4: CONDUCEREA SOCIETII

Art. 7 Conform legii, asociatul unic exercit Article 7 According to law, the sole associate atribuiile adunrii generale a asociailor performs the duties of the General Meeting, respectiv: meaning: ntocmete bilanul contabil i prepares the Balance Sheet and stabilete profitul net; establishes the net profit; aprob structura organizatoric a approves the organizational structure of societii i numrul de posturi; the company and the number of jobs available; decide cu privire la modificarea actului constitutiv; decides upon changes in the constitutive deed; decide cu privire la majorarea capitalului sau reducerea acestuia fr decides whether it increases the social a cobor sub limita legal; capital or it decreases the social capital without descending below the legal aprob destinaia profitului; limit; aprob sau modific dup caz approves the distribution of profit; programul de activitate al societii i approves or modifies according to the bugetul de venituri i cheltuieli; case the companys schedule and its decide contractarea de mprumuturi budget of revenues and expenses; bancare i acordarea de garanii; decides whether it borrowes money poate desemna un administrator from the bank or gives guarantees; neasociat i cenzori, a cror activitate o It can appoint an administrator and analizeaz i aprob, acordnd

descrcarea de gestiune sau revocarea acestora;

auditors, whose activity is analyzed and approved, with the sole associate being able to discharge or revoke the administrator and the auditors. The sole associate shall record in writing any decision taken in the exercise of the General Meeting.

Asociatul unic va consemna n scris orice decizie adoptat n exercitarea prerogativelor adunrii generale.

CAPITOLUL 5: ADMINISTRAREA SOCIETII Art. 8 Societatea este administrat i reprezentat de ctre: DIACONU DENISA MIHAELA, nscut la data de 08. August 1991, n Mun. Feteti, Judeul Ialomia, de cetenie romn, domiciliat() n Bucureti, str. Aleea Mostitea nr. 39A, bloc 39A, scara 1, etaj3, ap. 33, sector 3, identificat() cu C.I. seria RD nr. 670072, eliberat de SPCEP S3 biroul nr.4, la data de 30.10.2010, CNP 2910808210015, durata mandatului nelimitat, avnd puteri depline. Administratorul asigur conducerea societii, ndeplinind toate actele necesare i utile pentru realizarea obiectului de activitate al societii, cu excepia celor rezervate de lege asociatului unic. Administratorul ntocmete, anual, bugetul de venituri i cheltuieli al societii i l aprob. Evidena contabil, bilanul contabil i contul de profit i pierderi se ine i, respectiv, se ntocmete conform normelor legale. Administratorul reprezint societate n raporturile cu terii, drept pe care l poate transmite dac aceast facultate i s-a acordat n mod expres.

CHAPTER 5: ADMINISTRATION OF THE COMPANY Article 8 The company is administered and represented by: DIACONU DENISA MIHAELA, born in Feteti, Ialomia County at 8th August 1991, Romanian citizen, with current residence in Bucharest, 3rd sector, 39A Aleea Mostitea Street, building 39A, 3rd floor, apartment 33, identified with ID series RD no. 670072, issued by SPECEP S3 office no.4 at 30th October 2010, Social Securiy Number 2910808210015, unlimited term of office, with full powers. The administrator ensures management of the company, performing all necessary and appropriate acts in order to achieve the object of the company, except those reserved by law to the sole associate. The Administrator draws, annually, the companys revenues and expenses budget and approves it. Accounts, balance sheet and profit and loss account must be kept and draw according to the law. The Administrator represents the company towards third parties, right that can be delegated if this faculty was granted expressly.

CAPITOLUL 6: ACTIVITATEA SOCIETII

CHAPTER 6: ACTIVITY OF THE COMPANY

Art. 9 Exerciiul economic financiar ncepe la 01 ianuarie i se ncheie la 31 decembrie al fiecrui an. Primul exerciiu va ncepe la data constituirii. 9.1. Societatea va ine evidena contabil i va ntocmi situaia financiar anual, cu respectarea prevederilor art. 201 alin. 1 din legea 31/1990, republicat i modificat. 9.2. Din profitul societii se va prelua, n fiecare an, cel puin 5% pentru formarea fondului de rezerv, pn cnd acesta va atinge minim 1/5 din capitalul social. 9.3. Obligaiile sunt garantate cu patrimoniul social. 9.4. Dividendele cuvenite asociatului unic se pltesc n termenul stabilit de ctre acesta, dar nu mai trziu de 6 luni de la data aprobrii situaiei financiare anuale aferente exerciiului financiar ncheiat. CAPITOLUL 7: DIZOLVAREA I LICHIDAREA SOCIETII

Article 9 The financial economic year begins on January 1 and ends on December 31 of each year. The first exercise will begin at the moment of the companys constitution. 9.1. The company will keep the books/accounting and will draw the annual financial situation, taking into account the provisions of article 201 paragraph 1 from Law 31/1990 republished and modified. 9.2. Each year, at least 5% of the companys profit will be for the Reserves Fund formation, till it reaches the minimum of 1/5 of the social capital. 9.3. Obligations are secured by the social patrimony. 9.4. Sole associate dividends are paid within the period laid down by him, but not later than six months from the date of approval of the annual financial statements for the year ended.

CHAPTER 7: DISSOLUTION AND LIQUIDATION OF THE COMPANY

Art. 10 Societatea va putea fi dizolvat n Article 10 The company can be dissolved urmtoarele condiii: under the following conditions: imposibilitatea realizrii obiectivului the impossibility to accomplish the de activitate sau realizarea obiectivului object of activity or another proposed propus; objective; hotrrea asociatului unic; the decision of the sole associate; declararea nulitii societii the declared nullity of the company; deschiderea procedurii de faliment; the beginning of the bankrupcy procedure; pierderea unei jumti din capitalul social sau micorarea lui sub minimul the loss of half of the registred capital legal, dac aceste cauze nu au fost or the reduction of the social capital nlturate n termen de 9 luni de la data under the legal minimum, if these constatrii. reasons are not removed within 9 months from the date of discovery. 10.1. Dizolvarea societii trebuie nscris n 10.1. The dissolution of the company must be Registrul Comerului i publicat n registered within the Trade Register and Monitorul Oficial, efectele fa de teri published in the Official Monitor, effects producndu-se numai dup 30 zile de la occurring to third parties only after 30 days of aceast publicare. this publication. Art. 11 Lichidarea societii Article 11 Liquidation of the company 11.1. Dup efectuarea lichidrii, asociatul unic 11.1. After the completion of the liquidation

are obligaia s cear radierea societaii din procedure, the sole associate has the obligation Registrul Comerului. to ask for the complete removal of the company from the Trade Register. 11.2. Registrele societii vor fi pstrate timp 11.2. The financial statements of the company de 5 ani. must be kept for 5 years. 11.3. n cazul n care asociatul unic va fi n 11.3. If the sole associate cannot perform the imposibilitatea de a efectua lichidarea, urmeaz liquidation procedure himself, a liquidator is s desemneze un lichidator cruia i revin appointed who has the obligations provided by obligaiile prevzute n statut precum i n in status, according to the legal provisions. dispoziiile legale. CAPITOLUL 8: FUZIUNE, DIVIZARE Art. 12 Fuziunea i divizarea se hotrte de asociatul unic n condiiile prevzute pentru modificarea actului constitutiv al societii. Procedura fuziunii i divizrii este prevzut de Legea 31/1990 republicat i modificat i se aplic ca atare. CHAPTER 8: MERGER AND DIVISION Article 12 The sole associate decides upon the merger or the division of the company according to the conditions provided for the modification of the constitutive deed. The merger and division procedures are described in the Law 31/1990 republished and modified and the rules must be applied as shown. CHAPTER 9: FINAL PROVISIONS Article 13 The enrollment of employees will be done based on employment contract with the provisions of the Labor Code and the social insurance scheme. Article 14 The provisions of this constitutive act comply with the legal provisions relating to commercial companies. Article 15 The expenses inccured in the setting up of the company will be registred in the financial statements of the first year of activity.

CAPITOLUL 9: DISPOZIII FINALE Art.13 ncadrarea salariailor se face pe baz de contract de munc cu respectarea prevederilor Codului Muncii i a regimului de asigurri sociale. Art.14 Prevederile prezentului act constitutiv se ntregesc, de drept, cu dispoziiile legale privitoare la societile comerciale. Art.15 Cheltuielile efectuate de asociatul unic pentru constituirea societii vor fi nregistrate n evidena contabil i se vor reflecta n bilanul contabil aferent primului an de activitate. Art.16 Eventualele modificri ale prezentului act constitutiv, se vor efectua prin acte adiionale, cu respectarea dispoziiilor legale. Art.17 Subsemnatul, asociat unic fondator am adoptat i semnat prezentul act constitutiv, redactat astzi, __________ n 3 exemplare din care unul pentru a fi depus la Registrul Comerului i dou pentru asociatul unic fondator.

Article 16 Further modifications of the constitutive deed will be done by additional acts that comply with the legal provisions. Article 17 The undersigned, sole associate founder, I adopted and signed this article of incorporation, written today, _____________, in 3 copies, one to be filed with the Trade Register and the other two for the sole associate.

Asociat Unic Fondator, DIACONU DENISA MIHAELA

Sole associate founder, DIACONU DENISA MIHAELA