CERADY AG

The company's purpose is to acquire and participate in companies both domestically and abroad, as well as to manage its own assets. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland, and furthermore conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, dispose of, and manage real property both domestically and abroad. It may also provide financing for its own operations as well as guarantees and sureties for subsidiaries.