Azul Management SA

The acquisition, administration and management of participations in all companies or commercial, financial, industrial or other enterprises, in Switzerland or abroad, as well as their financing, and the purchase, sale, rental and management of all buildings or real estate, and the realization of all real estate and other ancillary activities. It may engage in any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to this purpose, create branches or subsidiaries in Switzerland or abroad, participate in all enterprises having a direct or indirect relationship with its purpose and, if it serves its interests, grant loans or guarantees to shareholders or third parties.