Pipeline Management AG

The company's purpose is to establish branches and subsidiaries, acquire, hold, manage and dispose of participations in companies of all kinds in Switzerland and abroad. The company may also conclude all transactions and enter into agreements that serve the company's purpose or are directly or indirectly related to it. The company may grant loans or other financing to its direct or indirect parent companies or its direct or indirect subsidiaries and provide security of all kinds, including guarantees and sureties, for liabilities of such other companies. The company may acquire, manage, transfer, sell and license patents, licenses, trademarks and technical and industrial know-how. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties.