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

¹ The mem­bers’ gen­er­al meet­ing may re­solve to in­crease the nom­in­al cap­it­al.

² The im­ple­ment­a­tion of the res­ol­u­tion is the re­spons­ib­il­ity of the man­aging dir­ect­ors.

³ Sub­scrip­tion and the cap­it­al con­tri­bu­tions are gov­erned by the reg­u­la­tions on the found­a­tion of the com­pany. The ref­er­ence to rights and ob­lig­a­tions un­der the art­icles of as­so­ci­ation is not re­quired if the sub­scriber is already a mem­ber. The rel­ev­ant reg­u­la­tions on in­creas­ing the cap­it­al of a com­pany lim­ited by shares also ap­ply to the sub­scrip­tion form. A pub­lic in­vit­a­tion to sub­scribe to the cap­it­al con­tri­bu­tions is not per­mit­ted.⁶⁶⁸

⁴ An ap­plic­a­tion to re­gister the in­crease in the nom­in­al cap­it­al must be filed with the com­mer­cial re­gister of­fice with­in six months of the res­ol­u­tion of the mem­bers’ gen­er­al meet­ing, oth­er­wise the res­ol­u­tion be­comes in­val­id.⁶⁶⁹

⁵ In ad­di­tion, the cor­res­pond­ing pro­vi­sions on an or­din­ary in­crease in cap­it­al for a com­pany lim­ited by shares ap­ply to:

1.

the form and con­tent of the res­ol­u­tion of the mem­bers' gen­er­al meet­ing;

2.

the sub­scrip­tion rights of com­pany mem­bers;

3.

an in­crease in the com­pany cap­it­al from equity cap­it­al;

4.

the re­port on the in­crease in cap­it­al and the audit con­firm­a­tion;

5.

the amend­ment of the art­icles of as­so­ci­ation and the de­clar­a­tions made by the man­aging dir­ect­ors;

6.

the re­gis­tra­tion of the in­crease in nom­in­al cap­it­al in the com­mer­cial re­gister and the nullity of of­fi­cial doc­u­ments is­sued pre­vi­ously.