BALLATY GmbH

Manufacture and sale of as well as trade in works of art, in particular sculptures and all related works. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, acquire, hold, manage, encumber, utilize and dispose of business premises and intellectual property rights in Switzerland and abroad, carry out all commercial, financial and other activities that appear suitable to promote the purpose of the company directly or indirectly, or that are related to it. The company is authorized to take financing, restructuring and intercession measures in favor of shareholders, group companies or third parties and to grant loans to shareholders, group companies or third parties or to provide security for their obligations.