VELES COMMODITY AG

The purpose of the company is to engage in all commercial and agro-industrial activities on its own account and on behalf of third parties, both domestically and abroad, particularly in the purchase, import, export, transportation, processing, storage, transfer and sale and distribution of all agricultural raw materials and their derivative products, whether manufactured or not, as well as manufactured oil derivatives and related financial transactions. Furthermore, the company aims to acquire, manage and sell financial investments of all kinds and participations in domestic and foreign companies, as well as manage its own assets. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland 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 purposes as well as guarantees and sureties for its subsidiaries.