Navitrade AG

The company's purpose is to trade in goods of all kinds, in particular raw materials and chemicals, as well as to charter, manage, finance and buy and sell ships, and to provide services related thereto. The company may pursue this purpose both domestically and abroad. The company may establish branches and subsidiaries domestically and abroad and participate in other companies domestically and abroad. It may grant loans or other financing to its direct and indirect subsidiaries and provide collateral of all kinds for liabilities of such companies. The company may acquire, manage and dispose of real estate domestically and abroad. The company may engage in all activities that are connected with the company's purpose.