The company's purpose is to acquire, hold, manage and dispose of intellectual property rights and to operate and manage hotel and restaurant businesses. The company may establish subsidiaries and branches and participate in other companies. The company may acquire, hold and dispose of real estate and intellectual property rights. The company may also carry out all commercial, financial and other activities that are directly or indirectly related to the company's purpose. The company may grant direct or indirect financing to third parties or companies in which it is directly or indirectly involved, as well as to direct or indirect shareholders or companies in which such parties are directly or indirectly involved, whether by way of loans and/or other financing, including within the framework of cash pooling agreements, whether against payment or not. The company may provide security of any kind for its own liabilities or the liabilities of the aforementioned persons, including by way of pledges, assignments, fiduciary transfers, guarantees of the same kind or by way of offset obligations, whether against payment or not, even if such financing, security or guarantees are in the exclusive interest of third parties or companies in which it is directly or indirectly involved, or of direct or indirect shareholders or companies in which such parties are directly or indirectly involved.
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