Bachou Holding Sàrl

All activities of direct and indirect shareholdings in all companies or enterprises, in the sense of a holding company, regarding real estate participations in Switzerland, these will be limited to an exclusively commercial allocation; The Company may: either for its own account, or for the account of third parties, carry out all financial, commercial, industrial, movable and immovable operations, in Switzerland and abroad, directly or indirectly related to the main purpose, regarding real estate operations in Switzerland, these will be limited to an exclusively commercial allocation; create branches or subsidiaries in Switzerland and abroad; grant loans or guarantees to subsidiaries, to partners or to third parties.