EFTA02683426.pdf

Alpha will Translation of extracts Mrs. Alpha, [...] who is a person of sound mind [...] dictated to the notary, in presence of the two above-mentioned witnesses, her will, as follows: 1) I revoke all testamentary• provisions which was signed prior to this day, and in particular the public will signed before [the notary] on December 20, 2006. 2) I name my children, that is to say: N, born in 1995 Al, born in 1999 E, born in 2001 O, born in 2002 As well as those to be born, as heirs of all my assets by equal portions between them, or in case they are dead their descendants and the one in case the other dies. 3) I leave to my mother a monthly income, net of taxes and estate taxes, of 10.000 euros for her lifetime. If my own inheritance would not allow to do so, I ask my executors to ensure that my husband, or, in case of prior death of the latter, my children, ensure that the aforementioned income be paid. 4) I leave to my brother the amount of 5 million euros net of taxes and estate taxes. If my own inheritance would not allow to do so, I ask my executors to ensure that my husband, or, in case of prior death of the latter, my children, ensure that the aforementioned capital be paid. 5) In case of prior death or simultaneous death of my children without any posterity, I leave all my assets (except the legal compulsory rights of my parents if they are still alive) to a foundation which will be formed and managed by my executors. 'They will give it the following characteristics: The Foundation will have the name of my children or, at my executors' option, the one of [...] Its headquarter will be in Geneva or in any other place (In Switzerland or abroad) which my executors will choose to avoid prohibitive taxes or for any relevant reason The foundation's purpose will be: on one hand, to manage (by creating a museum or by any other method) the artistic collections being part of my estate and, on the other hand, to hold, manage and develop my shares and commercial and financial assets, being said that the foundation shall in particular use, at the discretion of its board, all or a part of the available profits of the concerned companies to the support and development of the existing foundations The board of the foundation will be originally made up of my executors My executors will determine for the rest the organization and functioning rules of the board using the provisions applicable to the administration board of the incorporated company. EFTA_R1_02000538 EFTA02683426 6) I designate as executors: [...) In case of death or refusal: [...) My executors will form a college to which will be applicable by analogy in the absence of any consensus the rules governing the organization and the decisions of the board of directors of the incorporated company. For the liquidation itself of my estate, their remuneration to be shared will be of 1% of the net assets resulting from the inventory drawn up by a solicitor after death. Besides, I want, if my husband should die before myself or simultaneously that those who will be in charge of watching over my minor children make sure not to separate the siblings. For this purpose, I want to be designated to the duty of guardians: - I. • .1 - or, if not or in case of refusal, -I..•1 I want them to live with my minor children. My executors will be the only one to manage the estate of my children. My executors shall ensure that the guardians have the sources of livelihood required by the lifestyle which will be incumbent upon them because of the fact that they will live with my children. My executors and, if the case arises, the guardians of my minor children, shall ensure that the latter have a dose personal relationship with my family. I wish that the guardians of my minor children as long as they have parental care and authority for them, consult my family for any decision pertaining to the educational principles, to their scholarship and their training, to the religious choice as well as to any decisive subject in their development so that they be in a position to grow up and evolve with regard to the principles which guide our family and its rank in the society. Those are my last will. EFTA_R1_02000539 EFTA02683427