Société Immobilière "Ermenonville A" SA

The purchase, construction, sale, resale and management of all properties in Switzerland; the company may carry out for its own account or for the account of third parties, all financial, commercial, industrial, movable and immovable operations in Switzerland and abroad, directly or indirectly related to the main purpose; it may also create branches and subsidiaries in Switzerland and abroad; the company may also grant loans to its shareholders and/or guarantee, secure or co-sign loans granted by third parties to its shareholders.