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

In or­der to be bind­ing, pro­vi­sions on the fol­low­ing mat­ters must be in­cluded in the art­icles of as­so­ci­ation:

1.

the grounds and terms for mak­ing ad­di­tion­al fin­an­cial and ma­ter­i­al con­tri­bu­tions;

2.

the grounds for and the terms of first op­tion, pre-emption and pur­chase rights of com­pany mem­bers or the com­pany in re­la­tion to the cap­it­al con­tri­bu­tions;

3.

pro­hib­i­tion of com­pet­i­tion clauses ap­plic­able to com­pany mem­bers;

4.

con­trac­tu­al pen­al­ties to en­sure the ful­fil­ment of ob­lig­a­tions im­posed by law or the art­icles of as­so­ci­ation;

5.

pref­er­en­tial rights that are tied to in­di­vidu­al classes of cap­it­al con­tri­bu­tions (pref­er­en­tial cap­it­al con­tri­bu­tions);

6.

com­pany mem­bers' rights to veto res­ol­u­tions of the mem­bers’ gen­er­al meet­ing;

7.

re­stric­tions on the vot­ing rights of com­pany mem­bers and their rights to ap­point rep­res­ent­at­ives;

8.

profit-shar­ing cer­ti­fic­ates;

9.

re­serves in ac­cord­ance with the art­icles of as­so­ci­ation;

10.

powers ac­cor­ded to the mem­bers’ gen­er­al meet­ing that go bey­ond its stat­utory re­spons­ib­il­it­ies;

11.

the ap­prov­al by the mem­bers’ gen­er­al meet­ing of cer­tain de­cisions made by the man­aging dir­ect­ors;

12.

the re­quire­ment of the con­sent of the mem­bers' gen­er­al meet­ing to the des­ig­na­tion of nat­ur­al per­sons to ex­er­cise man­age­ment rights for com­pany mem­bers that are the leg­al en­tit­ies or com­mer­cial en­ter­prises;

13.

the power of the man­aging dir­ect­or to ap­point man­agers, au­thor­ised sig­nat­or­ies and au­thor­ised of­ficers;

14.

the pay­ment of shares of profits to the man­aging dir­ect­ors;

15.

in­terest paid to com­pany mem­bers un­til com­mence­ment of the com­pany’s op­er­a­tions;

16.

the or­gan­isa­tion and du­ties of the aud­it­or, where these go bey­ond those pre­scribed by law;

17.

the grant­ing of a right to resign un­der the art­icles of as­so­ci­ation, the con­di­tions for ex­er­cising the same and the sev­er­ance pay­ment to be made;

18.

spe­cial reas­ons for ex­clud­ing com­pany mem­bers from the com­pany;

19.

grounds for dis­sol­u­tion that dif­fer from the stat­utory grounds.

² In or­der to be bind­ing, pro­vi­sions on the fol­low­ing mat­ters that dif­fer from the stat­utory reg­u­la­tions must also be in­cluded in the art­icles of as­so­ci­ation:

1.

res­ol­u­tions on the sub­sequent cre­ation of new pref­er­en­tial cap­it­al con­tri­bu­tions;

2.

the trans­fer of cap­it­al con­tri­bu­tions;

3.

the con­ven­ing of the mem­bers’ gen­er­al meet­ing;

4.

the al­loc­a­tion of vot­ing rights to com­pany mem­bers;

5.

res­ol­u­tions passed in the mem­bers’ gen­er­al meet­ing;

6.

de­cisions made by the man­aging dir­ect­or;

7.

man­age­ment and the rep­res­ent­a­tion;

8.

pro­hib­i­tion of com­pet­i­tion clauses ap­plic­able to the man­aging dir­ect­ors.