Holding 40 Degré SA

a) the acquisition of participations in Switzerland and abroad; b) the acquisition and sale of movable and immovable assets, except for transactions prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE); c) the execution of investments; d) the granting of loans. The company may also: a) carry out all commercial and financial transactions; in general, perform all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad, as well as conclude all contracts suitable for developing its purpose or relating directly or indirectly thereto; c) the company may have subsidiaries or establish branches in Switzerland and abroad.