PORT GRIMAUD SA

Management and buying and selling of bars, restaurants, hotels and any other public establishments, as well as the management and buying and selling of real estate related to these public establishments and the management and buying and selling of food. The company may, in Switzerland or abroad, participate in other companies and acquire or establish companies as well as participate in companies and enterprises, including real estate companies. The company may also carry out all commercial, financial or other activities that are directly or indirectly related to the company's purpose.