The company's purpose is: a) to grant guarantees in favor of the creditors of bonds or other debt securities issued by direct or indirect major shareholders of the company (in particular UBS Switzerland AG) or their group companies, regardless of whether the company receives adequate consideration; b) to grant financial assistance, credit guarantees or other intercessions in favor of direct and indirect major shareholders of the company (in particular UBS Switzerland AG) or their group companies, regardless of whether the company receives adequate consideration; c) to acquire, hold, manage, realize and dispose of mortgage claims (including the mortgage bonds and other securities issued for such mortgage claims, as well as other claims derived from and related to such mortgage claims), which are transferred to the company as security for its claims in connection with the guarantee mandates and related contracts, as well as the management and disposal of the corresponding proceeds; d) to participate in a system and to conclude contracts (including, but not limited to, participant and deposit contracts) for participation in a system that enables the fiduciary transfer of registered mortgage bonds to a management trustee and the holding and transfer of fiduciary rights to registered mortgage bonds between system participants; e) to fulfill obligations under contracts entered into by the company with its direct and/or indirect major shareholders (in particular UBS Switzerland AG and UBS AG and their branches), their group companies or third parties, which it has entered into or will enter into in connection with the transactions referred to in (a) to (d), and to enter into such contracts regardless of whether the company receives adequate consideration; f) to provide liquidity to fulfill obligations towards creditors of bonds or other debt securities issued by direct or indirect major shareholders of the company (in particular UBS Switzerland AG) or their group companies, or towards third parties under contracts related to transactions under (a) to (e), by concluding repurchase transactions with banks, insurance companies and other third parties; g) The company is part of the group controlled by UBS Group AG as the parent company. It may promote the interests of the parent company or other group companies. The company may not carry out transactions that do not directly or indirectly serve the company's purpose. In particular, it is prohibited from acquiring, holding, managing, realizing or disposing of real estate and intellectual property rights in Switzerland and abroad. It may not establish branches or group companies and may not participate in other companies. It may not grant guarantees or other personal securities to third parties, except in connection with bonds or other debt securities issued by direct or indirect major shareholders of the company (in particular UBS Switzerland AG) or their group companies. It may not have any employees or premises.
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