Morin de Usse SA

The purchase, sale, all real estate transactions and promotions in Switzerland, as well as all general business activities, project management and real estate promotion management. The company may create subsidiaries in Switzerland and abroad and branches, as well as hold shares in any commercial and civil companies and corporations, in Switzerland and abroad. The company may acquire, hold and dispose of real estate, exclusively for commercial purposes if they are located in Switzerland, and intellectual property rights. The company may carry out all commercial, financial or other operations that are directly or indirectly related to its corporate purpose. The company may grant loans or guarantees to its shareholders and to companies.