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

¹ A com­pany may ac­quire its own cap­it­al con­tri­bu­tions only if freely dis­pos­able equity cap­it­al of a value equi­val­ent to the re­quired funds is avail­able and the total nom­in­al value of these cap­it­al con­tri­bu­tions does not ex­ceed ten per cent of the nom­in­al cap­it­al.

² Where cap­it­al con­tri­bu­tions are ac­quired in con­nec­tion with a re­stric­tion on trans­fer or the de­par­ture or ex­clu­sion of a mem­ber, the max­im­um amount that may be ac­quired is 35 per cent. The cap­it­al con­tri­bu­tions in ex­cess of 10 per cent of the nom­in­al cap­it­al must be sold with­in two years or can­celled by means of a re­duc­tion in cap­it­al.

³ Where the cap­it­al con­tri­bu­tions that are to be ac­quired are tied to an ob­lig­a­tion to make ad­di­tion­al fin­an­cial or ma­ter­i­al con­tri­bu­tions, this must be can­celled be­fore ac­quis­i­tion.

⁴ In ad­di­tion, the rel­ev­ant reg­u­la­tions on the ac­quis­i­tion by a com­pany lim­ited by shares of its own shares ap­ply to the ac­quis­i­tion by a lim­ited li­ab­il­ity com­pany of its own cap­it­al con­tri­bu­tions.