The company's purpose is to acquire and sell properties and plots of land, as well as to construct, rent, lease and manage buildings of all kinds. It is authorized to take all measures and conduct all business that is suitable to promote the company's purpose directly or indirectly. Furthermore, the company's purpose is to acquire and directly or indirectly develop intellectual property rights, to use them by issuing licenses, to sell them, and to finance all activities of the company. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as guarantees, sureties and other securities for the liabilities of affiliated companies and third parties.