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

¹ If the share cap­it­al re­duced and at the same time in­creased to at least the pre­vi­ous amount and if the amount of the con­tri­bu­tion paid is not re­duced, 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 However, the pro­vi­sions re­lat­ing to an or­din­ary cap­it­al in­crease ap­ply mu­tatis mutandis.

³ The board of dir­ect­ors need not amend the art­icles of as­so­ci­ation, provided the num­ber and the nom­in­al value of the shares and the amount of the con­tri­bu­tions made there­on re­main un­changed.