Valpraxis Advisory and Investments SA

The purpose of the company is to manage, acquire and administer securities, real estate and maritime assets, as well as to participate in all companies in Switzerland and abroad, on behalf of the company, its shareholders, third parties and its subsidiaries. With regard to economic, commercial, financial, maritime, technical, legal, accounting and insurance matters, as well as management in these areas, it can provide services and execute fiduciary mandates. It can conduct all financial, commercial, industrial, real estate and maritime transactions and conclude all contracts that are suitable to promote the company's purpose. It can grant loans to its shareholders, branches and third parties, guarantee loans taken out by shareholders or third parties, and secure these loans by issuing or pledging mortgage certificates or by signing any other financial commitments.