Federal Act on the Amendment of the Swiss Civil Code

¹Par­ti­cip­a­tion cap­it­al must not ex­ceed an amount equal to double the share cap­it­al.

²The pro­vi­sions gov­ern­ing min­im­um cap­it­al and the min­im­um total con­tri­bu­tion do not ap­ply.

³For the pur­poses of the pro­vi­sions gov­ern­ing re­stric­tions on ac­quis­i­tion of a com­pany's own shares, the gen­er­al re­serve, the in­stig­a­tion of a spe­cial audit against the will of the gen­er­al meet­ing and duty of no­ti­fic­a­tion in the event of cap­it­al loss, par­ti­cip­a­tion cap­it­al is deemed to be part of the share cap­it­al.

⁴An au­thor­ised or con­tin­gent in­crease of the share and par­ti­cip­a­tion cap­it­al must not in total ex­ceed one-half of the com­bined ex­ist­ing share and par­ti­cip­a­tion cap­it­al.

⁵Par­ti­cip­a­tion cap­it­al may be cre­ated by means of an au­thor­ised or con­tin­gent cap­it­al in­crease.