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

¹ The gen­er­al meet­ing may be held abroad if the art­icles of as­so­ci­ation so per­mit and the board of dir­ect­ors des­ig­nate an in­de­pend­ent vot­ing rep­res­ent­at­ive in the no­tice con­ven­ing the meet­ing.

² In the case of com­pan­ies whose shares are not lis­ted on a stock ex­change, the board of dir­ect­ors may dis­pense with des­ig­nat­ing an in­de­pend­ent vot­ing rep­res­ent­at­ive provided all the share­hold­ers agree.