Karpaten International AG

The company's purpose is to purchase and sell tourist products, including bundling and merging these products into package tours for the companies of the Karpaten Group. The company also provides tourist services, in particular consulting, marketing, and market research. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, take over representations, and conduct all business and conclude contracts that may be suitable to promote the purpose of the company or that are directly or indirectly related to it. It may acquire, hold, encumber, and sell real estate in Switzerland and abroad. The company may grant or receive direct or indirect financing to or from its direct or indirect subsidiaries, as well as third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, and provide or receive security of any kind for the liabilities of such companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether remunerated or not.