Declares that it hereby undertakes to subscribe to theproposed increase in share capital decided by the new Board of Directors of Télé-Evolène SAas part of the 4-season development project and themodernization of their offering..

The amount of the capital increase and its allocationwill be decided at the next Annual General Meeting.

The undersigned undertakes to pay the amount subscribed into the consignment account which will be transmitted once the period for the collection of subscription promises, scheduled until spring 2024, has ended.