BASF Metals GmbH

Trading in goods of all kinds, in particular precious metals, other raw materials, currencies and securities, as well as consulting for trading in the aforementioned goods; can provide guarantees and warranties, pledge assets as collateral for its own and third-party obligations, make its liquid assets available to other companies of the Engelhard Group for management and financing, whether through loans or other financing or by providing security of any kind, whether against payment or not, participate in other companies, establish subsidiaries and acquire, manage and sell real estate.