Information Technology. GSK. The Difference.

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Brett Miller
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1 Information Technology. GSK. The Difference.

2 Our Services. > Drafting IT contracts, particularly with respect to software development, sales and distribution, licensing and maintenance > Protection and economic exploitation of software Information Technology at GSK. We specialize in providing legal advice for IT and internet projects, as well as for ITrelated transactions. Thanks to our extensive experience in the constantly changing IT sector, we are highly familiar with the requirements of providers and of our clients. This not only makes us competent partners with considerable legal and business expertise, but also helps us provide efficient services, ensuring that your next IT project is a rapid success. Our objective is to find tailor-made, innovative and legally sound solutions. > Private and public IT projects, from development to implementation, particularly for ERP and CRM projects > IT-sourcing such as hosting, IT outsourcing, cloud computing, XaaS and business process outsourcing > IT compliance and IT security issues, as well as data protection and data security > ecommerce and mcommerce projects, online marketing and social media > Due diligence and compliance audits > Transactions-related migration and integration of IT systems, business processes and data > Litigation, particularly legal protection and injunctions

at GSK. We specialize in providing legal advice for IT and internet projects, as well as for ITrelated transactions.

3 We can handle complexity. IT meets a passion for the job. Transactions, outsourcing, compliance and the internet: Complex projects and issues are our specialty. We have substantial know-how and many years of experience representing national and international enterprises. In accompanying and assisting with transactions, we work regularly hand-in-hand with other Practice Groups from our firm and the IT specialists of our clients. This enables us to deliver individual solutions that work. Outsourcing, open source, XaaS and cloud computing, as well as IT compliance are more than mere buzzwords to us. In addition to current legal requirements, we also understand the various models and demands of a modern IT system and structure in enterprises. Internet projects are our passion. In close cooperation with you, we develop and implement ecommerce and mcommerce concepts, as well as other creative online offers. In the context of internet law, you benefit additionally from our expertise in the IP field, particularly with respect to copyright, trademark and competition law. In addition to IT providers, we advise and represent banks and other financial service providers. For these clients, we have accompanied large-volume and complex transactions, outsourcing and internet projects over the past few years.

In accompanying and assisting with transactions, we work regularly hand-in-hand with other Practice Groups from our firm and the IT specialists of our clients.

4 GSK. Who we are. Contact. Dr. Jörg Kahler Tel GSK Stockmann + Kollegen is one of Germany s leading independent law firms. GSK focuses on real estate, corporate, banking/finance and public sector. GSK was created in 1997 as an association of lawyers from leading German commercial law firms. Today, our clients can call upon more than 130 nationally and internationally renowned lawyers at our offices in Berlin, Frankfurt, Hamburg, Heidelberg, Munich and Brussels. In cross-border transactions GSK operates within the Broadlaw Group, an exclusive network of independent law firms: Lefèvre Pelletier & associés (France), Nabarro (UK), Nunziante Magrone (Italy) and Roca Junyent (Spain). This exclusive alliance now has more than 1,000 lawyers, based in 27 cities, covering Europe, Asia, the Middle East and North Africa. Our Team is composed of experienced lawyers, who have comprehensive expertise and skills in this sector. We therefore offer you qualified, committed partners who will be competently at your side during every phase of the project. Because we are very much aware that the development of specifically tailored solutions are the focus of activity, we are equally aware that for transactions, restructuring and large projects, time is of the essence. We fully understand that you need the right answers fast. Precisely in this spirit, we are there for you.

Today, our clients can call upon more than 130 nationally and internationally renowned lawyers at our offices in Berlin, Frankfurt, Hamburg, Heidelberg, Munich and Brussels.

5 GSK. Where we are. HAMBURG BERLIN BRUSSELS FRANKFURT HEIDELBERG MUNICH BERLIN Mohrenstraße Berlin Tel Fax FRANKFURT/M. Taunusanlage Frankfurt am Main Tel Fax HAMBURG Neuer Wall Hamburg Tel Fax HEIDELBERG Mittermaierstraße Heidelberg Tel Fax MUNICH Karl-Scharnagl-Ring München Tel Fax muenchen@gsk.de BRUSSELS 209a Avenue Louise B-1050 Brüssel Tel Fax bruessel@gsk.de EUROPE, ASIA, MIDDLE EAST, NORTH AFRICA ALGIERS BARCELONA BERLIN BOLOGNA BRUSSELS CASABLANCA DUBAI FRANKFURT GUANGZHOU GIRONA HAMBURG HEIDELBERG HONG KONG ISTANBUL LLEIDA LONDON MADRID MANCHESTER MILAN MUNICH PALMA DE MALLORCA PARIS ROME SHANGHAI SHEFFIELD SINGAPORE TIRANA

de HEIDELBERG Mittermaierstraße 31 69115 Heidelberg Tel +49 6221 4566-0 Fax +49 6221 4566-44 heidelberg@gsk.

The New German Investment Regulation (Anlageverordnung)

March 5, 2015 The New German Investment Regulation (Anlageverordnung) An update to the GSK Update of June 30, 2014 Executive Summary > Privileges for investments in private equity funds > Clarification