AVALON SWISS TECHNOLOGY SA

The company's purpose is the import, export, distribution and marketing of all consumer goods, manufactured or not, wholesale or retail, in particular in the field of sports equipment and materials, development and production of various kinds, both in Switzerland and abroad; the acquisition and holding of participations in all Swiss or foreign companies that carry out research and development of new products, the licensed or proprietary manufacture of all products marketed by the AVALON SWISS TECHNOLOGY SA group; the establishment of financing for all necessary operations within the AVALON SWISS TECHNOLOGY SA group, for this purpose, the company may itself found or finance companies in Switzerland or abroad; the exploitation, purchase and sale of patents, licenses and technology in all fields (for complete purpose see articles of association).