To own, exclusively on behalf of the shareholders registered as such in the relevant register, the co-ownership shares 1.02, 2.02, 3.01, 3.03, 4.02, 4.03, 4.04 and 7.01 shown in the schedule of distribution of premises of the building located in Geneva, Grand'Rue 12, annexed to the deed of division of property registered in the Land Register on January 13, 2000, under Pj 274; to grant to its shareholders on the said co-ownership shares, a right of development and use in accordance with the provisions of Articles 712a and following of the Swiss Civil Code and the management and use regulations annotated in the Land Register, and subject to compliance with the obligations arising from a rental agreement and a shareholder agreement; to consent to the registration on the said co-ownership shares of mortgages that will be used to secure loans granted to shareholders, on the condition that the company is not a debtor and that these mortgages do not exceed the value of the co-ownership share fixed without appeal by the company's administration; in this case, the shares corresponding to the encumbered co-ownership shares must be deposited at the company's headquarters, which may proceed to their cancellation in the event of realization of the said shares; the net proceeds of the realization will be paid to the shareholder who has lost his rights, after deduction of all costs and taxes arising from this realization; to consent to the registration on the said co-ownership shares of personal servitudes, in particular rights of habitation in favor of shareholders or third parties, the costs and tax consequences that may arise for the company being reimbursed by the shareholder; no economic purpose.
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