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

¹ Per­sons who have a con­ver­sion or op­tion right may not be barred from ex­er­cising that right on ac­count of re­stric­tions on the trans­fer­ab­il­ity of re­gistered shares, un­less this pos­sib­il­ity is re­served in the art­icles of as­so­ci­ation and the pro­spect­us.³⁹⁰

² Con­ver­sion or op­tion rights may be ad­versely af­fected by a share cap­it­al in­crease, by the is­sue of new con­ver­sion or op­tion rights, or in some oth­er man­ner only if the con­ver­sion price is lowered or the be­ne­fi­ciar­ies are gran­ted some oth­er form of ad­equate com­pens­a­tion or if the share­hold­ers suf­fer the same ad­verse ef­fect.