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

¹ A res­ol­u­tion of the mem­bers’ gen­er­al meet­ing passed by a ma­jor­ity of at least two thirds of the votes rep­res­en­ted and an ab­so­lute ma­jor­ity of the en­tire nom­in­al cap­it­al in re­spect of which a right to vote may be ex­er­cised is re­quired in the case of:

1.

amend­ing the ob­jects of the com­pany;

2.

in­tro­du­cing cap­it­al con­tri­bu­tions with pref­er­en­tial right to vote;

3.

in­creas­ing or eas­ing the re­stric­tions on or the pro­hib­i­tion of the trans­fer­ab­il­ity of cap­it­al con­tri­bu­tions;

4.

con­sent­ing to the as­sign­ment of cap­it­al con­tri­bu­tions or re­cog­ni­tion as a com­pany mem­ber who is en­titled to vote;

5.

in­creas­ing the nom­in­al cap­it­al;

6.

re­strict­ing or re­vok­ing sub­scrip­tion rights;

6^bis.⁶⁹⁷

changing the currency of the nominal capital;

7.

con­sent­ing to activ­it­ies of the man­aging dir­ect­or or com­pany mem­bers that are con­trary to the duty of loy­alty or the pro­hib­i­tion of com­pet­i­tion;

8.

ap­ply­ing to the court to ex­clude a com­pany mem­ber for good cause;

9.

ex­clud­ing a com­pany mem­ber on the grounds spe­cified in the art­icles of as­so­ci­ation planned;

10.

re­lo­cat­ing the seat of the com­pany;

10^bis.⁶⁹⁸

in­tro­du­cing an ar­bit­ra­tion clause in­to the art­icles of as­so­ci­ation;

11.

dis­solv­ing the com­pany.

² Pro­vi­sions of the art­icles of as­so­ci­ation stip­u­lat­ing lar­ger ma­jor­it­ies than those re­quired by law for cer­tain res­ol­u­tions may only be in­tro­duced, amended or re­pealed if ap­proved by the re­quired ma­jor­ity.⁶⁹⁹