Badger Capital AG

The purpose of the company is to manage the assets of the sole shareholder. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and sell real estate in Switzerland and abroad. The company may carry out all commercial, financial and other activities that are related to the purpose of the company or are suitable to promote it directly or indirectly. The company may grant loans to affiliated companies and individuals for their liabilities and provide securities of all kinds, including the granting of pledges on or fiduciary transfers of the company's assets or the provision of guarantees of any kind, also free of charge.