DESERO AG

The company's purpose is to hold and manage participations and investments. The company can enter into any business and conclude contracts that are suitable to promote the purpose of the company, or that are directly or indirectly related to it. Furthermore, the company can finance, participate in or acquire companies that are similar or identical in any form. The company can develop, purchase or sell real estate. The company can establish branches and subsidiaries in Switzerland and abroad and can acquire, encumber, sell and manage real estate in Switzerland and abroad. It can also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.