NUAGE SA

The operation, management, promotion and development of hotels, restaurants, bars, cafes and catering services as well as the import, export, distribution and trade of all products related to these activities. The company may grant loans or guarantees to its associates or third parties if it serves its interests. The company may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad. It may acquire, hold and dispose of real estate and in general carry out all commercial, financial, industrial and mobile operations.