CHERMAS SA

The company's purpose is the management of real estate and any commercial activity in the field of distribution. The company also aims to buy, sell, broker, import, export and trade works of art, collector's vehicles and all movable objects. It may carry out any financial or commercial operation related to its purpose or likely to promote it. Furthermore, it may create branches in Switzerland and abroad, take participations, found or finance companies having a direct or indirect relationship with its purpose. The company may, with or without remuneration, grant loans to its shareholders or third parties, or provide securities of all kinds to cover the commitments of its shareholders or third parties.