AD Chalet SA

all transactions and real estate activities, real estate development, in particular the acquisition, development, construction, rental, administration, management and sale of properties, rights and other movable and immovable assets. The company may grant direct or indirect financing to third parties, including its direct or indirect shareholders as well as any other company belonging to the same group, whether through loans or by providing guarantees or securities of any kind, in exchange for appropriate consideration. It may take and manage participations in any other company and carry out, either on its own account or on behalf of third parties, all commercial and financial transactions, directly or indirectly related to its corporate purpose.