PALA AG

The company's purpose is the renovation of properties, property consulting and property management, as well as all business directly or indirectly related thereto. The company can fulfill all tasks associated therewith and expand its activities to related industries. The company can establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business directly or indirectly related to its purpose. The company can acquire, encumber, sell and manage real estate in Switzerland and abroad. It can also provide financing for its own account or for the account of third parties, as well as provide security for liabilities of affiliated companies.