VELLOWS AG

The company's purpose is to provide consulting services, in particular in the field of real estate management. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or establish similar and related companies, and merge with similar or related companies. The company may also engage in financing and all other business activities that are suitable to promote the purpose of the company. Furthermore, the company may acquire, manage and sell copyrights, patents and licenses of all kinds, as well as enter into any business or conclude contracts that are suitable to promote the purpose of the company, or that are directly or indirectly related to it.