ARANIL YACHT MANAGEMENT AG

The company's purpose is to broker the acquisition and chartering of high-seas yachts, manage ships owned by third parties, and conduct consulting and all commercial activities related to shipbuilding and high-seas shipping. The company may establish branches and subsidiaries in Switzerland and abroad. The company may conduct business with or for the benefit of related parties, including its shareholders and other group companies, in particular grant loans to these persons or provide guarantees, sureties, mortgages or other securities to secure their liabilities. The company may acquire, manage, encumber and sell real estate and investments in Switzerland and abroad. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.