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

¹ The su­preme gov­ern­ing body of the com­pany is the mem­bers’ gen­er­al meet­ing.

² The mem­bers’ gen­er­al meet­ing has the fol­low­ing in­ali­en­able powers:

1.

to amend the art­icles of as­so­ci­ation;

2.

to ap­point and the re­move the man­aging dir­ect­ors;

3.⁶⁸¹

to ap­point and re­move the mem­bers of the ex­tern­al aud­it­or;

4.⁶⁸²

to ap­prove the man­age­ment re­port and the con­sol­id­ated ac­counts;

5.

to ap­prove the an­nu­al ac­counts and the res­ol­u­tion on the al­loc­a­tion of the bal­ance sheet profit, and in par­tic­u­lar to set the di­vidend and the shares of profits paid to man­aging dir­ect­ors;

5^bis.⁶⁸³

to pass res­ol­u­tions on re­pay­ing cap­it­al re­serves;

6.

to de­term­ine the fees paid to man­aging dir­ect­ors;

7.

to dis­charge the man­aging dir­ect­ors;

8.

to con­sent to the as­sign­ment of cap­it­al con­tri­bu­tions or to re­cog­nise com­pany mem­bers as hav­ing the right to vote;

9.

to con­sent to the cre­ation of a charge over cap­it­al con­tri­bu­tions where the art­icles of as­so­ci­ation so provide;

10.

to pass res­ol­u­tions on the ex­er­cise un­der the art­icles of as­so­ci­ation of rights of first op­tion, pre-emption or pur­chase;

11.

to au­thor­ise the man­aging dir­ect­or to ac­quire the com­pany's own cap­it­al con­tri­bu­tions for the com­pany or to ap­prove such an ac­quis­i­tion;

12.

to is­sue de­tailed reg­u­la­tions on ob­lig­a­tions to make ad­di­tion­al ma­ter­i­al con­tri­bu­tions where the art­icles of as­so­ci­ation make ref­er­ence to such reg­u­la­tions;

13.

to con­sent to the activ­it­ies of the man­aging dir­ect­ors or com­pany mem­bers that are con­trary to the duty of loy­alty or the pro­hib­i­tion of com­pet­i­tion, where the art­icles of as­so­ci­ation waive the re­quire­ment of the con­sent of all com­pany mem­bers;

14.

to de­cide on wheth­er an ap­plic­a­tion should be made to the court to ex­clude a com­pany mem­ber for good cause;

15.

to ex­clude a com­pany mem­ber on grounds provided for in the art­icles of as­so­ci­ation;

16.

to dis­solve the com­pany;

17.

to ap­prove trans­ac­tions car­ried out by the man­aging dir­ect­ors that re­quire the con­sent of the mem­bers’ gen­er­al meet­ing un­der the art­icles of as­so­ci­ation;

18.

to de­cide on mat­ters that are re­served to the mem­bers’ gen­er­al meet­ing by law or by the art­icles of as­so­ci­ation or which are placed be­fore it by the man­aging dir­ect­ors.

³ The mem­bers’ gen­er­al meet­ing ap­points the man­agers, the au­thor­ised sig­nat­or­ies and au­thor­ised of­ficers. The art­icles of as­so­ci­ation may also grant these powers to the man­aging dir­ect­ors.