TURISMO RENT CARS SUISSE (TRC) SA

The company's purpose is: - the acquisition and management of participations in all real estate, commercial, financial and industrial companies in Switzerland and abroad; - the purchase, sale and rental of vehicles. The company may acquire and administer participations, on its own account or on behalf of third parties, in commercial or industrial companies, located in Switzerland or abroad, by acquiring shares, bonds, parts, holding claims or any other suitable form, taking patents and trademarks. The company may grant loans to shareholders or third parties, act as guarantor for loans subscribed by shareholders or third parties, guarantee these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, pledge its assets to secure any claim. The company may carry out any commercial and financial activity, any investment or other activity directly or indirectly related to its purpose or which is intended to achieve it. It may perform these operations on its own behalf or on behalf of third parties, as a representative or agent, or have them executed on its behalf by third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad.