JOY Vacation GmbH

Management and administration of holiday apartments and houses, as well as provision of services in the field of guest care; trade in holiday homes and apartments, including the provision of all related services, excluding all transactions that require a permit under the Federal Act on the Acquisition of Real Estate by Persons Abroad. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. It may acquire, manage, encumber and sell properties, intellectual property rights and licenses of all kinds.