Parnass Capital SA

The company may conduct all business in the real estate sector, in particular real estate consulting, consulting and negotiating real estate purchases and optimizing real estate portfolios, finding tenants for office space and renting them out, searching for and brokering rental properties, developing new buildings for sale or rent, developing real estate, selling individual plots of land, such as villas or condominiums, in Switzerland or abroad. The company may also acquire, manage, hold, mortgage, pledge and sell properties, excluding all transactions prohibited by the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG). The company may exercise any mandate and function in any Swiss or foreign legal entity, including the function of the board of directors, managing director and liquidator. This mandate may be paid or unpaid. The company may provide any service to any Swiss or foreign legal entity in which it is involved or not. The company may also conduct all business that is suitable to promote or facilitate the development of the company and the achievement of the company's purpose. The company is authorized to take financing, restructuring and intercession measures in favor of its shareholders or third parties; the company may also grant loans to shareholders, group companies or third parties if this is in the interest of one or all of the aforementioned persons.