The Factor-Y AG

The purpose of the company is to provide management consulting services and to participate in companies in Switzerland and abroad. The company can acquire, encumber, manage and sell real estate. It can establish subsidiaries and branches in Switzerland and abroad. It can grant loans or other financing to affiliated companies and third parties, and provide security for their liabilities of any kind, including guarantees, pledges and fiduciary transfers of the company's assets. It can acquire, encumber, manage and sell copyrights, patents and licenses of any kind. Furthermore, it can conduct any business that is suitable to promote the development of the company and the achievement of its purpose.