Wald & Spächt AG

The purpose of the company is to manage and administer, acquire and dispose of participations in companies of all kinds. Furthermore, the company may buy, sell, broker, manage and exploit securities, participations, intellectual property rights and real estate, carry out financial transactions of all kinds, establish subsidiaries and branches in Switzerland and abroad, and engage in all commercial and other activities that are connected with the purpose of the company, as well as conduct business with or for the benefit of related parties, in particular grant loans to these persons or provide guarantees, sureties, pledges or other securities to secure their liabilities.