The acquisition, holding, operation, management, rental and sale of commercial real estate exclusively for commercial use. The company may create subsidiaries and branches and hold participations in all companies (in the case of companies holding real estate located in Switzerland, these must have an exclusively commercial use). The company may acquire, hold and dispose of real estate (in Switzerland exclusively commercial real estate) and intellectual property rights. The company may carry out all commercial, financial or other operations that are directly or indirectly related to its corporate purpose or that promote or facilitate its development, including, without limitation, raising funds by borrowing in any form or entering into hedging instruments against any risk, with all third parties, all companies in which it holds direct or indirect participations, its direct or indirect shareholders or all companies in which they hold direct or indirect participations. The company may provide direct or indirect financing, whether in the form of loans and/or any other form of financing, including in the context of cash pooling operations, against remuneration or not, to third parties or to companies in which it holds direct or indirect participations, as well as to its direct or indirect shareholders and the companies in which they hold direct or indirect participations. The company may also provide all kinds of securities or guarantees to secure its obligations or the obligations of each of the aforementioned persons, including in the form of pledges, assignments or transfers as security, guarantees of all kinds or indemnification commitments, against remuneration or not. The company may provide these financings, securities or guarantees even if this would be in the exclusive interest of third parties or companies in which it holds direct or indirect participations, or in that of its direct or indirect shareholders or the companies in which they hold direct or indirect participations.
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