PAKEM SA

The Company's purpose is the purchase, sale, holding, administration and management of majority or minority, direct or indirect participations in Swiss or foreign companies, as well as the provision of advice to companies of the same group. It may perform any act and exercise any activity that is directly or indirectly related to its purpose. It may establish branches and subsidiaries in Switzerland and abroad. It may acquire, hold, encumber with limited real rights, administer and dispose of real estate in Switzerland (for exclusively commercial use only) and abroad. It may grant loans or any other form of financing to affiliated companies or third parties or shareholders, as well as provide any type of security, for the direct or indirect benefit of affiliated companies or third parties.