LIVOR AG

The company's purpose is to acquire, purchase, sell, rent and lease real estate, as well as to carry out all activities related thereto. The company may establish branches and subsidiaries, acquire and hold participations, and acquire, encumber, manage and dispose of properties and real estate, and grant loans or guarantees in favor of its subsidiaries and other companies in which it has a participation. Furthermore, the company may conduct all business that is suitable to promote the purpose of the company or that is directly or indirectly related thereto, as well as conduct all business that appears to be in the interest of the company.