No obligation to publish a prospectus

We will offer various asset investments, each consisting of the acceptance of subordinated loans with different interest rates. In accordance with the requirements of the German Investment Act, the GmbH or cooperative yet to be established by us will not accept more than EUR 100,000 or more than 20 direct loans (subordinated loans) per investment within a 12-month period. There is therefore no obligation to publish a prospectus in accordance with the German Investment Act.