Beils AG

The company's purpose is the management, brokerage, purchase/sale of real estate, including the creation, renovation and conversion thereof. The company may establish branches and subsidiaries in Switzerland and abroad and may participate in other companies in Switzerland and abroad as well as conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, manage and dispose of real estate, securities and/or intellectual property rights of any kind in Switzerland and abroad. It may also provide financing for its own account or for the account of others and may provide security for the liabilities of affiliated companies and third parties.