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

¹ Share­hold­ers, mem­bers of the board of dir­ect­ors, per­sons in­volved in the com­pany’s man­age­ment activ­it­ies and mem­bers of the board of ad­visors and their close as­so­ci­ates are re­quired to re­pay any di­vidends, shares of profits paid to board mem­bers, oth­er shares of profits, re­mu­ner­a­tion, in­terest be­fore com­mence­ment of op­er­a­tions, stat­utory cap­it­al re­serves and re­tained earn­ings or oth­er be­ne­fits that they have un­duly taken.

² If the com­pany ac­cepts as­sets from such per­sons or if it enters in­to oth­er forms of leg­al trans­ac­tion with them, these per­sons shall be re­quired to re­pay the as­sets con­cerned where there is an ob­vi­ous dis­crep­ancy between the per­form­ance and the con­sid­er­a­tion.

³ Art­icle 64 ap­plies.

⁴ The claim for re­pay­ment is that of the com­pany and the share­hold­er. The shareholder’s claim is for performance to the company.

⁵ The gen­er­al meet­ing may re­solve that the com­pany raise an ac­tion for re­pay­ment. They may del­eg­ate the con­duct of the pro­ceed­ings to the board of dir­ect­ors or a rep­res­ent­at­ive.

⁶ In the event of the company’s bankruptcy, Article 757 appliesmutatis mutandis.