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

¹ Di­vidends may only be paid from the bal­ance sheet profit and from re­serves formed for that pur­pose.

² The di­vidend may only be de­term­ined once the al­loc­a­tions to the re­serves re­quired by law and by the art­icles of as­so­ci­ation have been de­duc­ted.

³ The di­vidends must be de­term­ined in pro­por­tion to the nom­in­al value of the cap­it­al con­tri­bu­tions; if ad­di­tion­al fin­an­cial con­tri­bu­tions have been made, this amount must be ad­ded to the nom­in­al value in or­der to de­term­ine the di­vidends; the art­icles of as­so­ci­ation may provide for a dif­fer­ent ar­range­ment.