Safira International SA

The company's purpose is to acquire, sell, hold, develop, manage and renovate all movable and immovable property in Switzerland and/or abroad, as well as all related real estate transactions; to acquire, sell, hold, administer and manage all participations in all companies active in the real estate sector, including - without limitation - companies active in the hotel sector; to file, acquire, hold and sell patents or all intellectual property rights and to acquire, hold and grant licenses; to grant loans and/or other direct or indirect financing (including, but not limited to, within the framework of cash pooling agreements) to its direct and indirect subsidiaries and/or to third parties, including its direct and indirect shareholders as well as the direct and indirect subsidiaries of these shareholders; to provide guarantees of any kind, remunerated or not, and/or any other form of security, remunerated or not, to one or more shareholders, to one or more group companies of which the company is a part and/or to one or more third parties in order to guarantee the commitments and/or obligations of one or more shareholders, one or more group companies of which the company is a part and/or one or more third parties, provided that this is in the interest of the company.