GUILLAUME BALMA SA

The company's purpose is to carry out any mandate and consulting in the field of business and finance in the broadest sense, as well as to conduct any investment operations and trade in goods and services in Switzerland and abroad in the field of construction, real estate or movable property. In particular, the company may acquire, sell, alienate, hold, build, rent, manage, administer, renovate, maintain, repair, carry out all plans, projects, financial plans for the execution of works, execute or have executed and supervise all works, carry out any brokerage, promotion, valuation, import, export operations concerning real estate, movable property and securities, excluding operations prohibited by the LFAIE, and carry out all movable or immovable property transactions in general. The company may take financial participations in any group, company or enterprise, Swiss or foreign, existing or to be created, and this by all means, in particular by way of contribution, subscription or purchase of shares, social shares, merger or grouping, as well as the management of these participations, the coordination of these subsidiaries and participations, excluding operations prohibited by the LFAIE. The company may create branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose, or merge with such companies, carry out all operations and conclude all contracts suitable for developing and expanding its purpose or related thereto directly or indirectly, both in Switzerland and abroad. The company may establish, in Switzerland or abroad, subsidiaries, branches, agencies and participate in other companies, establish partnerships and undertake all similar or related initiatives that are directly or indirectly related to its activities. It may grant loans or guarantees of any kind to third parties or its shareholders.