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

¹ A res­ol­u­tion by the gen­er­al meet­ing re­quires at least two-thirds of the votes rep­res­en­ted and a ma­jor­ity of the nom­in­al value of shares rep­res­en­ted for each of the fol­low­ing:

1.

any amend­ment of the com­pany’s ob­jects;

2.

the con­sol­id­a­tion of shares, un­less the con­sent of all the share­hold­ers con­cerned is re­quired;

3.

a cap­it­al in­crease from equity cap­it­al, in re­turn for con­tri­bu­tions in kind or by off­set with a claim, and the grant­ing of spe­cial priv­ileges;

4.

the re­stric­tion or can­cel­la­tion of the sub­scrip­tion right;

5.

the in­tro­duc­tion of con­tin­gent cap­it­al, the in­tro­duc­tion of a cap­it­al band or the cre­ation of re­serve cap­it­al in ac­cord­ance with Art­icle 12 of the Bank­ing Act of 8 Novem­ber 1934⁵⁴⁶;

6.

the con­ver­sion of par­ti­cip­a­tion cer­ti­fic­ates in­to shares;

7.

any re­stric­tion on the trans­fer­ab­il­ity of re­gistered shares;

8.

the in­tro­duc­tion of shares with pref­er­en­tial right to vote;

9.

any change in the cur­rency of the share cap­it­al;

10.

the in­tro­duc­tion of a cast­ing vote for the per­son chair­ing the gen­er­al meet­ing;

11.

a pro­vi­sion of the art­icles of as­so­ci­ation on hold­ing the gen­er­al meet­ing abroad;

12.

the del­ist­ing of the equity se­cur­it­ies of the com­pany;

13.

the re­lo­ca­tion of the seat of the com­pany;

14.

the in­tro­duc­tion of an ar­bit­ra­tion clause in the art­icles of as­so­ci­ation;

15.

dis­pens­ing with the des­ig­na­tion of an in­de­pend­ent vot­ing rep­res­ent­at­ive for con­duct­ing a vir­tu­al gen­er­al meet­ing in the case of com­pan­ies whose shares are not lis­ted on a stock ex­change;

16.

the dis­sol­u­tion of the com­pany.⁵⁴⁷

² Pro­vi­sions of the art­icles of as­so­ci­ation which stip­u­late that lar­ger ma­jor­it­ies than those pre­scribed by law are re­quired in or­der to make cer­tain res­ol­u­tions may them­selves be in­tro­duced, amended or re­pealed only with the ma­jor­ity spe­cified.⁵⁴⁸

³ Re­gistered share­hold­ers who did not vote in fa­vour of a res­ol­u­tion to amend the com­pany’s ob­jects or to in­tro­duce shares with pref­er­en­tial right to vote are not bound by re­stric­tions on the trans­fer­ab­il­ity of their shares im­posed by the art­icles of as­so­ci­ation for the six months fol­low­ing pub­lic­a­tion of such res­ol­u­tions in the Swiss Of­fi­cial Gaz­ette of Com­merce.