The company's purpose is to acquire, hold, exploit and/or license trademarks, patents, copyrights and other intellectual property rights used in or related to the Residential and Light Commercial HVAC Business. Residential and Light Commercial HVAC Business refers to the design, research and development, engineering, manufacture and sale of ducted heating and cooling systems and products for the residential and commercial sectors, as well as ducted heating and cooling systems and products for the residential sector of the Johnson Controls International plc group companies, and the provision of services in the field of trademarks, patents, copyrights and other intellectual property rights for the group companies. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, manage, encumber and sell real estate in Switzerland and abroad. The company may grant direct or indirect financing to its direct or indirect subsidiaries and third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, provide security of any kind for its own liabilities and those of other companies (including direct or indirect shareholders of the company or companies in which these shareholders are directly or indirectly involved), including by way of pledges on or fiduciary transfers or assignments of the company's assets, or provide guarantees, enter into suretyships or otherwise secure or guarantee the obligations of the company or these other companies, whether for consideration or not. Furthermore, it may operate a liquidity adjustment/concentration of net liquidity (cash pooling) with the aforementioned companies or join such a system, including periodic account balancing. All of this may be done by the company without consideration, on preferential terms, without interest, excluding the company's profit motive and assuming cluster risks. The company may engage in all commercial, financial and other activities that appear to be suitable for promoting the company's purpose or are related to it.
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