Swiss Autofinance GmbH

The purpose of the company consists in the financing, acquisition, holding, management and sale of assets related to the leasing of vehicles registered in Switzerland, including leasing agreements and related agreements, all claims arising from or related to such agreements as well as ownership of leased vehicles. The company may grant direct or indirect financing to its direct or indirect subsidiaries as well as to third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, provide securities of any kind, including by pledging or trust transfer or assignment of the company's assets, for its own liabilities and liabilities of other companies (including direct or indirect shareholders of the company or companies in which these shareholders are directly or indirectly involved). Furthermore, it may agree with the above-mentioned companies on liquidity balancing/concentration of net liquidity (cash pooling) including periodic account reconciliations or the company may also do so without consideration, at preferential conditions, without interest, excluding the possibility of the company to make profits, and incurring clumping risks. The company shall not engage in any commercial, financial or other activities that do not directly or indirectly serve its purpose.