MONAR AG

The company's purpose is to provide services in the real estate sector, including the purchase, sale, brokerage and management of properties, the development of building land and the renovation of buildings for its own account or for third parties, as well as the provision of related financial and services and the trade in 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 third parties, as well as grant guarantees and sureties for subsidiaries and third parties.