The net proceeds of the issue of the Notes will be used by the Issuer for its general corporate purposes, which may include the refinancing, in whole or in part, of the existing debts of the Group. The net proceeds of the issue of the Notes will be used outside Switzerland unless use in Switzerland is permitted according to the practice of the Swiss Federal Tax Administration without resulting in a reclassification of the Notes as an issuance subject to Swiss withholding tax.