1987 Investments SA

The purpose of the company is the financial participation in other companies, the administration of assets, shares and credit. The company may also invest in the purchase and administration of portfolios of patents or intellectual property rights of any kind, nature or origin. The company may borrow and grant loans, including - without limitation - the proceeds from loans and/or debt securities, to/from its branches, subsidiaries and/or to/from other companies or individuals, as well as within the framework of cash pooling contracts. The company may also provide guarantees or collateral, transfer, encumber or create and grant guarantees on all its assets or part of them, in order to secure its obligations and commitments and/or the obligations and commitments of other companies and, in general, for its benefit and/or for that of other companies or individuals. The company may develop projects, carry out any activity related to and connected with the corporate purpose and perform all commercial, financial, real estate and movable transactions connected and necessary for the corporate purposes; it may promote the establishment of other companies, assume representations of other companies, participations in companies, businesses, companies established and to be established similar to those in Switzerland and abroad; it may also carry out transactions for the purchase, sale and management of its own real estate, both in Switzerland and abroad.