ChannelR International Yacht Sales AG

The purpose of the company is to buy, sell, rent, lease, export, import and trade all types of ships, yachts and sea vessels, as well as to manufacture, export, import and trade their equipment and spare parts; to buy, sell, lease, rent, export and import all types of machines, equipment, spare parts and materials related to the shipping industry. Furthermore, the purpose of the company is to build, install, maintain and repair ships, yachts, cargo vessels and all types of sea vessels of all tonnages, whether for its own needs or for domestic or foreign companies; and to build, construct, purchase, import, sell, rent, lease and operate shipyards, workshops, dockyards, slipways, boatyards and yacht harbors at the required locations. The company may establish branches and subsidiaries at home and abroad and conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate abroad. It may also provide financing for its own account or for third-party account, as well as provide guarantees and sureties for affiliated companies and third parties.