TRAVELSCAN AG

The acquisition, holding, management and disposal, directly or indirectly and in any form, of participations and shares in companies in Switzerland and abroad, as a holding company. The Company may open branches and subsidiaries in Switzerland and abroad and acquire participations in other companies in Switzerland and abroad. The Company may acquire, hold, manage, mortgage, exploit and sell real estate and intellectual property rights in Switzerland and abroad and may finance other companies. The Company may engage in any commercial, financial or other activity that is suitable to promote the purpose of the Company or that is related to its purpose.