Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

The board of dir­ect­ors draws up a writ­ten re­port in which it gives ac­count of:

1.

the nature and con­di­tion of con­tri­bu­tions in kind or ac­quis­i­tions in kind and the ap­pro­pri­ate­ness of their valu­ation;

2.

the ex­ist­ence of debts and wheth­er such debts may be set off;

3.

the free dis­pos­ab­il­ity of the equity cap­it­al thus con­ver­ted;

4.

com­pli­ance with the res­ol­u­tion of the gen­er­al meet­ing, in par­tic­u­lar con­cern­ing re­stric­tions on or can­cel­la­tion of sub­scrip­tion rights and the al­loc­a­tion of sub­scrip­tion rights that have not been ex­er­cised or have been with­drawn;

5.

the reas­ons for and ap­pro­pri­ate­ness of spe­cial priv­ileges ac­cor­ded to spe­cif­ic share­hold­ers or oth­er per­sons.