Merges Holding AG

Acquisition, permanent management and disposal of participations in domestic and foreign companies of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, participate in group financing, in particular by granting loans to its direct or indirect shareholders or group companies or providing security of all kinds for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders and/or group companies and are granted free of charge.