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

¹ The gen­er­al meet­ing may pass a res­ol­u­tion on re­du­cing the share cap­it­al. The board of dir­ect­ors shall pre­pare for and carry out the re­duc­tion.

² The cap­it­al may be re­duced by re­du­cing the nom­in­al value or by can­cel­ling shares.

³ The share cap­it­al may only be re­duced be­low 100,000 francs provided it is at the same time in­creased again at least to this amount. If the share cap­it­al is in a for­eign cur­rency, it must be re­placed by cap­it­al with a value equi­val­ent to at least 100,000 francs.

⁴ An ap­plic­a­tion to re­gister the re­duc­tion of the share cap­it­al must be filed with the com­mer­cial re­gister of­fice with­in six months of the res­ol­u­tion of the gen­er­al meet­ing, oth­er­wise the res­ol­u­tion be­comes in­val­id.