to hold, manage and administer its stake in Avere Commodities SA. The company may acquire, hold and dispose of interests or stakes in any company, business, activity or association without distinction, whether through investment or otherwise, both in Switzerland and abroad, with the exception of transactions prohibited by the Federal Law on the Acquisition of Real Estate by Persons Abroad (LFAIE). It may manage, improve and dispose of these interests or stakes and participate in the management, direction, control or liquidation of all companies, businesses, activities or associations in which the company has an interest or stake. The company may establish branches and subsidiaries in Switzerland or abroad. The company may acquire, hold and dispose of real estate, with the exception of transactions prohibited by the LFAIE. The company may provide financial assistance, including loans, advances, guarantees or securities of all kinds, to its subsidiaries, sister companies, parent company or any other affiliated company, for a fee or free of charge. It may also grant loans, advances, guarantees or securities of all kinds to third parties. The company may also carry out all operations that relate directly or indirectly to its corporate purpose or that promote or facilitate its development.