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

¹ The vot­ing rights of com­pany mem­bers are de­term­ined by the nom­in­al value of their cap­it­al con­tri­bu­tions. Each com­pany mem­ber has at least one vote. The art­icles of as­so­ci­ation may lim­it the num­ber of votes al­loc­ated to the own­er of sev­er­al cap­it­al con­tri­bu­tions.

² The art­icles of as­so­ci­ation may spe­cify that vot­ing rights are not de­pend­ent on nom­in­al value with the res­ult that each cap­it­al con­tri­bu­tion car­ries one vote. In this case, the cap­it­al con­tri­bu­tions with the low­est nom­in­al value must be worth at least one tenth of the nom­in­al value of the oth­er cap­it­al con­tri­bu­tions.

³ The de­term­in­a­tion of the vot­ing rights ac­cord­ing to the num­ber of cap­it­al con­tri­bu­tions does not ap­ply to:

1.

the ap­point­ment of the mem­bers of the aud­it­or;

2.

the ap­point­ment of ex­perts to in­spect man­age­ment prac­tices or in­di­vidu­al parts there­of;

3.

the res­ol­u­tion on rais­ing a li­ab­il­ity ac­tion.