PROBAT DEVELOPPEMENTS SA

The company's purpose is the purchase, sale, restoration, construction, renovation, rental, brokerage and management of real estate. The company may carry out, either on its own account or on behalf of third parties, any other activities of any nature, in particular financial, commercial, industrial, movable and immovable, convergent with its main purpose, with the exception of properties subject to the LFAIE, in Switzerland and abroad, directly or indirectly related to its main purpose, grant loans or guarantees to shareholders or third parties, to the extent that the promotion of its interests requires it. The company may also establish branches in Switzerland and abroad. It may also participate in any company, acquire or pay fees and commissions, negotiate and execute various contracts or commissions in different countries.