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

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

² The nom­in­al cap­it­al may be re­duced to less than 20 000 francs provided it is at the same time in­creased again at least to this amount.⁶⁷⁵

³ In or­der to elim­in­ate a de­fi­cit bal­ance caused by losses, the nom­in­al cap­it­al may be re­duced only if the com­pany mem­bers have paid the ad­di­tion­al fin­an­cial con­tri­bu­tions provided for in the art­icles of as­so­ci­ation in full.

⁴ In ad­di­tion, the rel­ev­ant reg­u­la­tions on the re­duc­tion of the cap­it­al of a com­pany lim­ited by shares ap­ply.