Auto lease-now 2023-2 AG

The sole purpose of the company is to acquire, hold, manage and finance contracts and/or claims and/or vehicles as well as related rights arising from a yet to be concluded Lease Asset Sale Agreement (agreement regarding the sale of leasing contracts, purchase agreements and leasing vehicles) between the company and BANK-now AG, Horgen, all as part of a refinancing transaction or refinancing transactions (e.g. securitisations) of BANK-now AG, Horgen. In this context, the company is authorised to acquire such contracts and/or claims and/or vehicles and to issue bond obligations and conclude loan agreements. In particular, the company may conclude or join the following contracts (or contracts with a similar economic background), the exact designation of which may vary: Lease Asset Sale Agreement, Trust Agreement, Servicing Agreement, Servicing Facilitator Agreement, Cash Management Agreement, Account Bank Agreement, Claims Pledge Agreement, Corporate Services Agreement, Corporate Sub Services Agreement, Subordinated Loan Agreement, Principal Paying Agent Agreement, Subscription Agreement and Master Definitions and Framework Agreement as well as all other contracts necessary in this context (hereinafter the Transaction Documents). The company may not engage in any commercial, financial or other activities that do not directly or indirectly serve the company's purpose. The company may not sell or transfer contracts, claims and vehicles assigned to it, unless provided for in the Transaction Documents. It is prohibited from acquiring or holding real estate, unless the company acquires it through the realisation of acquired pledges. It may not participate in any companies. It may not provide security, guarantees, sureties or similar for the benefit of third parties (unless provided for in the Transaction Documents).