LARSA AG

The purpose of the company is the management, brokerage, purchase and sale, administration and project development of real estate, portfolio management, consulting and brokerage of real estate financing, restructuring and reutilization of real estate, as well as the construction and renovation of real estate in the sense of a general or total contractor. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies. The company is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. Furthermore, the company may conduct all business that is suitable to promote the development of the company and the achievement of its purpose.