TROPICAL MANAGEMENT S.A.

Participation in any form in the financing and creation of commercial, industrial and financial companies, both Swiss and foreign, by acquiring all or part of their capital and management; the company may acquire, sell and manage movable assets, securities and values of any kind, as well as acquire, sell and manage real estate abroad on its own account or on behalf of third parties; private treasury. The assumption of representations in its areas of activity. It may also carry out any activity related to or useful for achieving the company's purpose. The company may participate in other companies with a similar purpose. The opening of branches or subsidiaries both in Switzerland and abroad.