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

¹ The su­preme gov­ern­ing body of a com­pany lim­ited by shares is the gen­er­al meet­ing.

² It has the fol­low­ing in­ali­en­able powers:

1.

to de­term­ine and amend the art­icles of as­so­ci­ation;

2.

to elect the mem­bers of the board of dir­ect­ors and the ex­tern­al aud­it­ors;

3.⁵²¹

to ap­prove the man­age­ment re­port and the con­sol­id­ated ac­counts;

4.

to ap­prove the an­nu­al ac­counts and pass res­ol­u­tions on the al­loc­a­tion of the dis­pos­able profit, and in par­tic­u­lar to set the di­vidend and the shares of profits paid to board mem­bers;

5.⁵²²

to de­term­ine the in­ter­im di­vidend and ap­prove the in­ter­im ac­count re­quired there­for;

6.⁵²³

to pass res­ol­u­tions on re­pay­ing the stat­utory cap­it­al re­serve;

7.⁵²⁴

to dis­charge the mem­bers of the board of dir­ect­ors;

8.⁵²⁵

to del­ist the equity se­cur­it­ies of the com­pany;

9.⁵²⁶

to pass res­ol­u­tions con­cern­ing the mat­ters re­served to the gen­er­al meet­ing by law or the art­icles of as­so­ci­ation.⁵²⁷

³ In com­pan­ies whose shares are lis­ted on a stock ex­change, it has the fol­low­ing ad­di­tion­al in­ali­en­able powers:

1.

to elect the chair of the board of dir­ect­ors;

2.

to elect the mem­bers of the re­mu­ner­a­tion com­mit­tee;

3.

to elect the in­de­pend­ent vot­ing rep­res­ent­at­ives;

4.

to vote on the re­mu­ner­a­tion of the board of dir­ect­ors, the ex­ec­ut­ive board and the board of ad­visors.⁵²⁸