Borgeaud Groupe SA

The company's purpose is to acquire, alienate, and hold shares in any industrial, commercial, financial, real estate (with the exception of operations prohibited by the LFAIE) or other companies, both in Switzerland and abroad, as well as to manage such shares and finance subsidiary companies. It may create branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with the same or similar purpose, or merge with such companies, acquire or sell real estate (excluding activities prohibited by the LFAIE), carry out all operations and conclude all contracts suitable for developing and extending its purpose or directly or indirectly related thereto. The company may grant guarantees, grant loans or advances to shareholders or to third parties.