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

¹ If the share cap­it­al is re­duced in or­der to partly or fully cor­rect a situ­ation of neg­at­ive net worth caused by losses and if a li­censed audit ex­pert con­firms to the gen­er­al meet­ing that the amount of the cap­it­al re­duc­tion does not ex­ceed the amount of the neg­at­ive net worth, the pro­vi­sions re­lat­ing to an or­din­ary cap­it­al re­duc­tion on securing claims, the interim account, the audit confirmationand the de­clar­a­tions of the board of dir­ect­ors do not ap­ply.

² The res­ol­u­tion of the gen­er­al meet­ing shall con­tain the in­form­a­tion spe­cified in Art­icle 653n. It shall make ref­er­ence to the res­ult of the audit re­port and amend the art­icles of as­so­ci­ation.