Berchtold Liegenschaften AG

The purpose of the company is to acquire, hold and manage as well as to sell real estate. The company may establish subsidiaries and branches in Switzerland and abroad and participate in other companies in Switzerland and abroad. It may grant loans or other financing to affiliated companies and third parties and provide security of any kind for their liabilities, including guarantees, pledges and fiduciary transfers of the company's assets. It may acquire, encumber, manage and sell copyrights, patents and licenses of all kinds. Furthermore, it may conduct all business that is suitable to promote the development of the company and the achievement of its purpose.