Elba I Swiss GmbH

The company's purpose is to plan, design, build and operate hotels, including related ancillary businesses such as conference facilities, restaurants, cafeterias, parking facilities and the like. The company may conduct all commercial, financial and fiduciary transactions that are directly or indirectly related to its purpose. It may acquire, hold and sell real estate and participations of all kinds and establish branches and subsidiaries in Switzerland and abroad. The company may grant loans or other financing to third parties, including its direct or indirect parent company and their direct or indirect subsidiaries, and provide collateral of all kinds for liabilities of such other companies, including by way of pledges or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not.