DESORMIERE & VANHALST Sàrl

all real estate transactions and activities, real estate development, including the acquisition, development, construction, leasing, administration, management and sale of property, rights and other securities and real estate; the company may grant to third parties, including its direct or indirect shareholders as well as any other company belonging to the same group as it, direct or indirect financing, whether by means of loans or by granting guarantees or securities, whatever the type, in return for appropriate consideration; it may acquire and manage stakes in any other company and carry out, either on its own behalf or on behalf of third parties, all commercial and financial operations, directly or indirectly related to its corporate purpose.