VATEL SA

Sales, import, export, marketing, brokerage, distribution in Switzerland or abroad of raw materials and manufactured products as well as any agency or representative activity; in the field of catering, catering services and distribution of food and beverages; organization, management, consulting in any franchise activity; purchase, sale and exploitation of real estate in Switzerland, excluding all operations prohibited by the LFAIE, and abroad; purchase, sale and exploitation of boats as well as brokerage and consulting in maritime matters; organization, promotion and distribution of trips or excursions; consulting in economic and financial matters; acquisition of participations in Swiss or foreign companies, excluding operations prohibited by the LFAIE (see articles of association for full purpose).