A. Emery SA

To buy and sell mineral water, beer and spirits. It may carry out all commercial, real estate and financial transactions directly or indirectly related to this purpose, possibly as a fiduciary. The company may assume participations in similar companies, acquire or create companies of the same nature and take charge of all operations and functions that are intended to develop the purpose of the company or that have a direct or indirect relationship with its object. It may open branches. It may, in particular, take out loans or make loans and obtain, grant or manage mortgage credits or other credits. It may manage its financial portfolio for its own benefit or for the benefit of third parties. It may pledge the Company's assets in favor of third parties.