PHPARTNERS GmbH

The company's purpose is to provide services through consulting, analysis, research and development, training and education, as well as the development and production of tools to solve problems in the areas of investment, financing, and financial and capital markets. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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, and grant securities for the liabilities of affiliated companies.