Kerart Revenues Holding SA

The purpose of the company is to manage assets, i.e. to acquire, hold, manage and dispose of securities, financial instruments and investments of all kinds. The company may also acquire, hold, manage and dispose of works of art of all kinds. The company may grant loans or other financing to its direct or indirect shareholders, subsidiaries and related parties, and provide security of all kinds for the liabilities of such persons, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not. The company may conclude all transactions and enter into agreements that serve the company's purpose directly or indirectly or are directly related thereto. The company may establish branches and subsidiaries in Switzerland and abroad, as well as acquire, hold, manage and dispose of real estate.