BLU TEAM RE SA

The purchase, sale, holding, construction and restructuring, management, administration, rental and leasing of real estate located abroad and of real estate located in Switzerland, provided that they are intended for the permanent establishment of a trade, industry or other commercial enterprise, a craft business or a liberal profession, which therefore do not require authorization from the competent LAFE authority. The company may carry out all operations connected with its purpose, as well as acquire and hold shares and interests in other companies, both Swiss and foreign. The company may participate in other companies or businesses in Switzerland and abroad, and open branches in Switzerland and abroad.