Hôtel Righi Vaudois S.A.

The company's purpose, in compliance with the rules governing the acquisition of real estate by foreign persons, is: a) to operate hotels and restaurants, and to carry out all operations related to this purpose; b) to conduct all real estate transactions, including the purchase and sale of all properties and real estate companies, either in its own name or as an intermediary; c) to study, design, plan and execute, on its own behalf or on behalf of third parties, projects in the real estate sector; d) to engage in any activity in the construction sector, in particular to study, plan, market, execute and promote any real estate project, as well as to carry out all work, including as a general contractor or total contractor; e) to represent and trade all goods and products, as well as to acquire and exploit licenses and patents related to the construction sector (for the complete purpose, see the articles of association).