FRAFAN AG

The company's purpose is to finance, structure, acquire, create, manage, hold, broker and sell real estate and properties in Switzerland, as well as provide consulting services related to real estate in Switzerland. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as 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 third-party account, as well as grant guarantees and warranties for subsidiaries and third parties.