DERMAR GmbH

The company's purpose is to operate hotels and catering establishments, to broker and trade such establishments, to provide consulting services and render all other services for the hotel and catering industry, as well as to trade in goods of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide security for the liabilities of affiliated companies.