Bad Horn Immobilien-Aktiengesellschaft

The company's purpose is to acquire, manage, rent and sell properties in Switzerland and abroad, as well as to acquire, manage and sell participations in Switzerland and abroad. It may establish branches and subsidiaries, participate in other companies, grant direct or indirect financing to group companies or third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, for its own account or for the account of others, and provide securities of all kinds for the liabilities of such other companies, including by way of pledges or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not, and conclude cash pooling agreements with group companies.