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

¹ In­ter­im cer­ti­fic­ates made out to the bear­er may be is­sued only for bear­er shares whose the nom­in­al value is fully paid up. In­ter­im cer­ti­fic­ates made out to the bear­er is­sued be­fore the full nom­in­al value is paid up are void. Claims for dam­ages are re­served.

² Where in­ter­im cer­ti­fic­ates made out to the named hold­er are is­sued for bear­er shares, they may be trans­ferred only in ac­cord­ance with the pro­vi­sions gov­ern­ing as­sign­ment of claims, al­though their trans­fer does not take ef­fect as against the com­pany un­til it re­ceives no­tice there­of.

³ In­ter­im cer­ti­fic­ates for re­gistered shares must be made out to a named hold­er. The trans­fer of such in­ter­im cer­ti­fic­ates is sub­ject to the pro­vi­sions gov­ern­ing the trans­fer of re­gistered shares.