KENCHA AG

The company's purpose is to acquire, manage and dispose of properties and participations, as well as to conduct and broker business in the consulting, real estate, finance and investment, and trust sectors, trade in and import and export goods of all kinds. 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 the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.