ALLIED-UNION Global Institute AG

Establishment of companies as well as acquisition, holding and management of participations in companies of all kinds at home and abroad, and execution of all financing transactions related thereto; may participate in other companies and acquire, sell and manage intellectual property rights, provide financing for its own account or for the account of third parties, and grant guarantees and sureties for subsidiaries and third parties. The company may establish branches and subsidiaries at home and abroad and participate in other companies at home and abroad. The company may acquire, sell and manage intellectual property rights and real estate. The company may carry out all commercial and financial activities directly or indirectly related to its purpose.