Hape Holding AG

Acquisition, management and disposal of participations and securities; The company may grant loans or other financings to third parties, including companies in which it has a direct or indirect interest, as well as direct or indirect shareholders of the company or companies in which these direct or indirect shareholders of the company have a direct or indirect interest, conclude cash pooling agreements with such third parties and provide securities of all kinds and guarantees for their liabilities, in each case whether against payment or not and also if these legal transactions are in the exclusive interest of the third parties.