WALDBURG AG

The company's purpose is to purchase, sell, rent and manage real estate. The company may participate in other companies, acquire or establish similar or related companies, establish branches and subsidiaries, and enter into all transactions and conclude contracts that are directly or indirectly related to the company's purpose. In particular, it may also develop and encumber real estate. The company may provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties. The company may also acquire, register, manage, encumber and sell patents, licenses and intellectual property rights of all kinds.