KOSMO AG

The company's purpose is to plan and execute construction projects in Switzerland and abroad, as well as to trade, manage and rent properties, real estate and construction projects, and to perform all work directly and indirectly related thereto. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all commercial, financial and other business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate, trademarks, rights, licenses and patents in Switzerland and abroad. It may purchase, hold and sell securities, provide financing on its own account or on behalf of third parties, and grant guarantees and sureties for subsidiaries and third parties.