Immoparticipation S.A.

The acquisition of participations in the capital and administration of companies as well as all real estate and investment transactions in financial, commercial, industrial or other legal entities, in the short, medium or long term, in Switzerland and abroad; trade, commercial representation, brokerage, market research, acquisition and exploitation of patents, processes and recipes and technical assistance in these fields, for its own account or for the account of third parties. In general, the company may carry out all commercial, financial, securities or real estate transactions directly or indirectly related to its purpose, in particular lending or granting guarantees to its shareholders or third parties.