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

¹ The items form­ing a con­tri­bu­tion in kind shall sat­is­fy the con­tri­bu­tion re­quire­ment only if the fol­low­ing re­quire­ments are met:

1.

They may be entered as as­sets on the bal­ance sheet.

2.

They may be trans­ferred to the com­pany’s as­sets.

3.

On the com­pany be­ing entered in the com­mer­cial re­gister, the com­pany im­me­di­ately ac­quires own­er­ship and may freely dis­pose of the items or, in the case of im­mov­able prop­erty, re­ceives an un­con­di­tion­al right to enter it in the land re­gister.

4.

Their value may be real­ised by trans­fer to a third party.

² The con­tri­bu­tion in kind must be agreed in writ­ing. The con­tract must be done as a pub­lic deed if this is re­quired for the trans­fer of the ob­ject.

³ A single pub­lic deed is suf­fi­cient even if im­mov­able prop­erty situ­ated in two or more can­tons con­sti­tutes the con­tri­bu­tion in kind. The deed must be done by a not­ary at the seat of the com­pany.

⁴ The art­icles of as­so­ci­ation must in­dic­ate the items, their valu­ation and the name of the con­trib­ut­or and the shares that they have been is­sued and any oth­er con­sid­er­a­tions provided by the com­pany. The gen­er­al meet­ing may re­peal the re­lated pro­vi­sions of the art­icles of as­so­ci­ation after ten years.