<SEC-DOCUMENT>0001104659-23-061862.txt : 20230517
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<ACCEPTANCE-DATETIME>20230517162628
ACCESSION NUMBER:		0001104659-23-061862
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20230517
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230517
DATE AS OF CHANGE:		20230517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chubb Ltd
		CENTRAL INDEX KEY:			0000896159
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11778
		FILM NUMBER:		23932106

	BUSINESS ADDRESS:	
		STREET 1:		BARENGASSE 32
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001
		BUSINESS PHONE:		41 0 43 456 7600

	MAIL ADDRESS:	
		STREET 1:		BARENGASSE 32
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHUBB Ltd
		DATE OF NAME CHANGE:	20160115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE Ltd
		DATE OF NAME CHANGE:	20091216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE LTD
		DATE OF NAME CHANGE:	19930122
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<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">UNITED
STATES</span></p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">SECURITIES
AND EXCHANGE COMMISSION</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">Washington,
D.C. 20549</span> </p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Current Report</p>

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Check the appropriate box below if the Form
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    <td style="width: 3%; text-align: left; vertical-align: top"><span id="xdx_90F_edei--PreCommencementIssuerTenderOffer_c20230517__20230517_zD8qPBO8JZQf" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2023-05-17to2023-05-17" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></td>
    <td style="text-align: left; vertical-align: top; width: 95%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
    (17 CFR 240.13e-4(c))</td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Securities registered pursuant to Section&#160;12(b)
of the Act:</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<tr style="font-size: 10pt">
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    <td style="border-top: rgb(0, 0, 0) 1px solid; border-right: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: top; padding-right: 2pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration: underline">Name
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        <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration: underline">registered</span>&#160;</p></td></tr>
<tr style="font-size: 10pt">
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<tr>
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<tr>
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; width: 1%">&#160;</td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; width: 31%; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_906_edei--SecurityExchangeName_c20230517__20230517__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2027Member_zJniAVAoqqA4"><ix:nonNumeric contextRef="From2023-05-172023-05-17_custom_INASeniorNotesDueJune2027Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr>
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    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_90C_edei--TradingSymbol_c20230517__20230517__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2028Member_zaE60vO1TvNj"><ix:nonNumeric contextRef="From2023-05-172023-05-17_custom_INASeniorNotesDueMarch2028Member" name="dei:TradingSymbol">CB/28</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_90A_edei--SecurityExchangeName_c20230517__20230517__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2028Member_zCHK7H1wYVXl"><ix:nonNumeric contextRef="From2023-05-172023-05-17_custom_INASeniorNotesDueMarch2028Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr>
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
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  <tr>
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0.25in; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR 240.12b-2).</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">Emerging growth company&#160;&#160;<span id="xdx_90A_edei--EntityEmergingGrowthCompany_c20230517__20230517_z7MTB0UK7WC3" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2023-05-17to2023-05-17" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0.25in; text-align: justify">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#160;&#160;&#9744;</p>

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">&#160;</span></p>

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page --><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in; text-indent: 0.25in"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 10%; font-size: 10pt"><span style="font-size: 10pt"><b>Item&#160;5.03</b></span></td>
    <td style="width: 90%; font-size: 10pt"><span style="font-size: 10pt"><b>Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year </b></span></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At the Chubb Limited (&#8220;Company&#8221;) Annual
General Meeting of Shareholders (&#8220;annual general meeting&#8221;) held on May&#160;17, 2023, the Company&#8217;s shareholders approved
(i) amendments to various sections of the Company&#8217;s Articles of Association in connection with recent updates to Swiss corporate
law relating to shareholder and Board authorities, procedures for convening general meetings and related shareholder rights, executive
compensation requirements and limitations, and certain other matters, all as further described in the Company&#8217;s 2023 Proxy Statement
under the heading &#34;<a href="http://www.sec.gov/Archives/edgar/data/896159/000110465923040829/tm2227914d6_def14a.htm#tAI9" style="-sec-extract: exhibit">Agenda Item 9.1: Amendments Relating to Swiss Corporate Law Updates</a>&#34;, incorporated herein by reference; and
(ii) an amendment to the Articles of Association to extend the advance notice period within which shareholders must submit items for inclusion
on a shareholder meeting agenda, from 45&#160;days before the meeting to 90&#160;days before the anniversary date of the prior year&#8217;s
annual meeting, as further described in the Company&#8217;s 2023 Proxy Statement under the heading &#34;<a href="http://www.sec.gov/Archives/edgar/data/896159/000110465923040829/tm2227914d6_def14a.htm#t9ATA" style="-sec-extract: exhibit">Agenda Item 9.2: Amendment to Advance Notice Period</a>&#34;, incorporated herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At the Company&#8217;s 2023 annual general meeting,
the Company&#8217;s shareholders also approved (i) a share capital reduction via cancellation of shares, as further described in the Company&#8217;s
2023 Proxy Statement under the heading &#34;<a href="http://www.sec.gov/Archives/edgar/data/896159/000110465923040829/tm2227914d6_def14a.htm#tAI11" style="-sec-extract: exhibit">Agenda Item 10.1: Cancellation of Repurchased Shares</a>&#34;, incorporated herein by reference;
and (ii) a share capital reduction via a par value reduction of the Company&#8217;s common shares from CHF 24.15 per share to CHF 0.50
per share, as further described in the Company&#8217;s 2023 Proxy Statement under the heading &#34;<a href="http://www.sec.gov/Archives/edgar/data/896159/000110465923040829/tm2227914d6_def14a.htm#t1PVR" style="-sec-extract: exhibit">Agenda Item 10.2: Par Value Reduction</a>&#34;,
incorporated herein by reference. As discussed in the 2023 Proxy Statement under the respective agenda items, following the annual general
meeting the Articles of Association have been amended to incorporate the aforementioned capital reductions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the amended Articles of Association is
attached hereto as Exhibit 3.1 and is incorporated herein by reference. The amended Articles of Association will become effective upon
registration with the Commercial Register of the Canton of Zurich, Switzerland (&#8220;Swiss Commercial Register&#8221;). Subject to the
subsequent approval by the Swiss Federal Commercial Register Office, the effective date of such registration is expected to be on or about
May&#160;23, 2023.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
  <td style="width: 10%"><span style="font-size: 10pt"><b>Item&#160;5.07</b></span><b> </b></td>
  <td style="width: 90%"><b>Submission of Matters to a Vote of Security Holders</b> &#160; &#160;</td></tr>
</table>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company convened its annual general meeting
on May&#160;17, 2023, pursuant to notice duly given. Agenda Items 1-13 submitted by the Company at the annual general meeting were approved
in accordance with the Board&#8217;s recommendations. With respect to the shareholder proposals, each of Agenda Items 14 and 15 were rejected.
The matters voted upon at the meeting and the results of such voting are set forth below.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The vote required to approve each agenda item noted
below is described in the Company&#8217;s 2023 Proxy Statement under the headings &#8220;What vote is required to approve each agenda
item?&#8221; and &#8220;What is the effect of broker non-votes and abstentions?&#8221;.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">1.</td><td style="text-align: justify">Approval of the management report, standalone financial statements and consolidated financial statements
of Chubb Limited for the year ended December&#160;31, 2022</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">364,309,343</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">2.1</td><td style="text-align: justify">Allocation of disposable profit</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">365,050,505</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

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<td style="width: 0"></td><td style="width: 0.5in">2.2</td><td style="text-align: justify">Distribution of a dividend out of legal reserves (by way of release and allocation to a dividend reserve)</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">365,147,513</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">171,267</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">317,570</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">3.</td><td style="text-align: justify">Discharge of the Board of Directors</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">336,319,834</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">1,450,346</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">1,602,582</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The voting results for Agenda Item 3 exclude shares
held by the Company&#8217;s directors, nominees and executive officers, who are not permitted by Swiss law to vote their shares on the
discharge of the Board of Directors.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">4.1</td><td>Election of PricewaterhouseCoopers AG (Zurich) as the Company&#8217;s statutory auditor for the year ending December 31, 2023</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">351,120,875</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">14,221,396</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">294,080</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">4.2</td><td style="text-align: justify">Ratification of appointment of PricewaterhouseCoopers LLP (United States) as independent registered public accounting firm for purposes
of U.S. securities law reporting for the year ending December&#160;31, 2023</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">345,772,949</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">19,562,636</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">300,765</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">4.3</td><td>Election of BDO AG (Zurich) as special audit firm until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">364,815,259</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">460,656</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">360,435</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.1</td><td style="text-align: justify">Election of Evan G. Greenberg as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">319,727,780</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">18,864,880</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">1,024,543</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.2</td><td style="text-align: justify">Election of Michael P. Connors as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">240,066,650</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">87,246,457</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">12,304,096</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.3</td><td style="text-align: justify">Election of Michael G. Atieh as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">335,698,775</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">3,600,476</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">317,952</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

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<td style="width: 0"></td><td style="width: 0.5in">5.4</td><td style="text-align: justify">Election of Kathy Bonanno as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">337,039,448</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.5</td><td style="text-align: justify">Election of Nancy K. Buese as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">338,591,119</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.6</td><td style="text-align: justify">Election of Sheila P. Burke as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">337,739,035</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.7</td><td style="text-align: justify">Election of Michael L. Corbat as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">338,494,014</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">807,691</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">315,498</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.8</td><td style="text-align: justify">Election of Robert J. Hugin as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">337,794,393</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">1,508,640</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">314,170</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.9</td><td style="text-align: justify">Election of Robert W. Scully as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">335,316,624</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">3,989,396</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">311,183</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.10</td><td style="text-align: justify">Election of Theodore E. Shasta as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">332,085,287</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">7,214,821</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">317,095</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.11</td><td style="text-align: justify">Election of David H. Sidwell as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">335,822,375</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">3,490,695</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">304,133</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.12</td><td style="text-align: justify">Election of Olivier Steimer as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">336,529,765</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">2,761,126</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">326,312</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.13</td><td style="text-align: justify">Election of Frances F. Townsend as director until the Company&#8217;s next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">258,584,459</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">80,097,306</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">935,438</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">6.</td><td style="text-align: justify">Election of Evan G. Greenberg as Chairman of the Board of Directors until the Company&#8217;s next annual
general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">256,896,303</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">80,749,673</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">1,971,227</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">7.1</td><td style="text-align: justify">Election of Michael P. Connors as Compensation Committee member until the Company&#8217;s next annual
general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">318,065,288</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">21,231,797</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">320,118</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">7.2</td><td style="text-align: justify">Election of David H. Sidwell as Compensation Committee member until the Company&#8217;s next annual general
meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">336,542,969</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">2,760,427</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">313,807</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">7.3</td><td style="text-align: justify">Election of Frances F. Townsend as Compensation Committee member until the Company&#8217;s next annual
general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">323,865,001</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">15,423,954</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">328,248</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">8.</td><td style="text-align: justify">Election of Homburger AG as independent proxy until the conclusion of the Company&#8217;s next annual
general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">364,669,244</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">223,701</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">743,405</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">9.1</td><td style="text-align: justify">Amendment to the Articles of Association relating to Swiss corporate law updates</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">339,192,939</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">109,597</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">314,667</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">9.2</td><td style="text-align: justify">Amendment to advance notice period in the Company&#8217;s Articles of Association</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">336,338,994</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">2,957,290</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">320,919</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">10.1</td><td style="text-align: justify">Reduction of share capital via cancellation of repurchased shares</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">364,372,384</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">890,291</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">373,675</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">10.2</td><td style="text-align: justify">Reduction of share capital via par value reduction</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">364,337,175</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">880,498</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">418,677</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">0</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.1</td><td style="text-align: justify">Maximum compensation of the Board of Directors until the next annual general meeting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
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    <td style="font-size: 10pt; text-align: center; padding-left: 5.4pt">&#160;</td><td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: center; padding-left: 5.4pt">&#160;</td><td style="font-size: 10pt">&#160;</td>
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<td style="width: 0"></td><td style="width: 0.5in">11.2</td><td style="text-align: justify">Maximum compensation of Executive Management for the 2024 calendar year</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.3</td><td style="text-align: justify">Advisory vote to approve the Swiss compensation report</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

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  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">323,694,186</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">12.</td><td style="text-align: justify">Advisory vote to approve executive compensation under U.S. securities law requirements</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">320,132,177</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">687,871</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">13.</td><td style="text-align: justify">Advisory vote on the frequency of the U.S. securities law advisory vote on executive compensation</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">1 Year</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">2 Years</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">3 Years</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 20%; font-size: 10pt; text-align: center; padding-left: 5.4pt">335,187,414</td><td style="width: 1%; font-size: 10pt">&#160;</td>
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    <td style="width: 19%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">After taking into
account the results of Agenda Item 13, the Board of Directors determined that it shall be the Company&#8217;s policy to submit the compensation
of its named executive officers to shareholders for a non-binding advisory vote annually, at least until the Company&#8217;s next annual
general meeting at which an advisory vote on the frequency of the U.S. securities law advisory vote on executive compensation is conducted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">14.</td><td style="text-align: justify">Shareholder proposal on greenhouse gas emissions targets</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
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    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">97,409,450</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">239,296,264</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">2,911,489</td><td style="width: 2%; font-size: 10pt">&#160;</td>
    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">15.</td><td style="text-align: justify">Shareholder proposal on human rights and underwriting</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted For</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Voted Against</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Shares Abstained</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Votes</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 24%; font-size: 10pt; text-align: center; padding-left: 5.4pt">55,553,933</td><td style="width: 2%; font-size: 10pt">&#160;</td>
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    <td style="width: 23%; font-size: 10pt; text-align: center; padding-left: 5.4pt">26,019,147</td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.75in"><b>Item 9.01.</b></td><td><b>Financial Statements and Exhibits</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0"></td><td style="width: 0.75in; text-align: left"><i>(d)</i></td><td style="text-align: justify"><i>Exhibits</i></td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse; margin-left: 0.75in">
<tr style="vertical-align: top">
<td style="border-bottom: Black 1pt solid; width: 10%"><span style="font-size: 10pt">Exhibit<br />
Number</span></td>
<td style="padding-bottom: 1pt; width: 2%">&#160;</td>
<td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center; width: 88%; vertical-align: bottom">&#160; Description</td></tr>
<tr style="vertical-align: top">
<td><a href="tm2316055d1_ex3-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">3.1</span></a></td>
<td>&#160;</td>
<td><a href="tm2316055d1_ex3-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Articles of Association of the Company as amended</span></a></td></tr>
<tr style="vertical-align: top">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td></tr>
<tr style="vertical-align: top">
<td><a href="tm2316055d1_ex3-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">4.1</span></a></td>
<td>&#160;</td>
<td><a href="tm2316055d1_ex3-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Articles of Association of the Company as amended (Incorporated by reference to Exhibit 3.1)</span></a></td></tr>
<tr style="vertical-align: top">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">104</span></td>
<td>&#160;</td>
<td><span style="font-size: 10pt">Cover Page Interactive&#160;Data File (the cover page XBRL tags are embedded within the Inline XBRL document)</span></td></tr>
</table>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2" style="font-size: 10pt">CHUBB LIMITED</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2" style="font-size: 10pt">&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2" style="font-size: 10pt">&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="width: 50%">&#160;</td>
    <td style="font-size: 10pt; width: 4%">By:&#160;&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; width: 46%">/s/ Joseph F. Wayland</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">Joseph F. Wayland</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">General Counsel</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE: May 17, 2023</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>tm2316055d1_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 3.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Statuten</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">der</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>______________________________________________________</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 4%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Articles
    of Association</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>______________________________________________________</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>I. Firma, Sitz und Zweck der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Firma,
    Sitz und Dauer der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unter der Firma</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">besteht eine Aktiengesellschaft gem&auml;ss
    Artikel 620 ff. OR mit Sitz in Z&uuml;rich. Die Dauer der Gesellschaft ist unbeschr&auml;nkt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>I. Name, Domicile and Purpose of the Company</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Corporate
    Name, Registered Office and Duration</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the corporate name</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">a Company exists pursuant to art. 620 et
    seq. of the Swiss Code of Obligations (hereinafter &quot;CO&quot;) having its registered office in Zurich. The duration of the Company
    is unlimited.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Zweck</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Hauptzweck
    der Gesellschaft ist der Erwerb, das Halten und der Verkauf von Beteiligungen an Unternehmen, insbesondere, jedoch nicht ausschliesslich,
    solcher der Direkt- und R&uuml;ckversicherungsbranche.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Purpose</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    main purpose of the Company is to acquire, hold, manage and to sell equity participations, including in insurance and reinsurance
    companies as well as in other companies.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">Die Gesellschaft kann Finanz-
    und Management-Transaktionen ausf&uuml;hren. Sie kann Zweigniederlassungen und Tochtergesellschaften im In- und Ausland errichten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">The Company may carry out finance
    and management transactions and set up branches and subsidiaries in Switzerland and abroad.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">Die Gesellschaft kann im In- und
    Ausland Grundst&uuml;cke erwerben, halten und ver&auml;ussern.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">The Company may acquire, hold
    and sell real estate in Switzerland and abroad.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft kann alle Gesch&auml;fte t&auml;tigen, die geeignet sind, den Zweck der Gesellschaft zu f&ouml;rdern und mit dem Zweck
    im Zusammenhang stehen.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company may engage in all types of transactions and may take all measures that appear appropriate to promote the purpose of the Company
    or that are related to the same.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>II.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktienkapital
    und Aktien</B></FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>II.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Share
                                            Capital and Shares</B></FONT></P>
                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktienkapital</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: 0.3pt">Das Aktienkapital
    der Gesellschaft betr&auml;gt CHF 215'725'793 und ist eingeteilt in 431'451'586 auf den Namen lautende Aktien im Nennwert von CHF
    0.50 je Aktie. Das Aktienkapital ist vollst&auml;ndig liberiert.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Share
    Capital</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">The share capital of the Company
    amounts to CHF 215,725,793 and is divided into 431,451,586 registered shares with a nominal value of CHF 0.50 per share. The share
    capital is fully paid-in.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: -0.83in; padding-left: 0.83in"><B>Artikel&nbsp;4 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Bedingtes
    Aktienkapital f&uuml;r Anleihensobligationen und &auml;hnliche Instrumente der Fremdfinanzierung</B></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.83in; text-indent: -0.83in"><B>Article&nbsp;4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Conditional
    Share Capital for Bonds and Similar Debt Instruments</B></TD></TR>
  <TR STYLE="font-size: 1pt; vertical-align: top">
    <TD STYLE="font-size: 1pt; text-align: justify; width: 48%"></TD>
    <TD STYLE="font-size: 1pt; width: 4%"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 1pt; text-align: justify; width: 48%"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 74.7pt; text-indent: -74.7pt"><B>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
    Aktienkapital der Gesellschaft wird im Maximalbetrag von CHF 16'500'000.00 durch Ausgabe von h&ouml;chstens 33'000'000 vollst&auml;ndig
    zu liberierenden Namenaktien mit einem Nennwert von CHF 0.50 je Aktie erh&ouml;ht, bei und im Umfang der Aus&uuml;bung von Wandel-
    und/oder Optionsrechten, welche im Zusammenhang mit von der Gesellschaft oder ihren Tochtergesellschaften emittierten oder noch zu
    emittierenden Anleihensobligationen, Notes oder &auml;hnlichen Obligationen oder Schuldverpflichtungen einger&auml;umt wurden/werden,
    einschliesslich Wandelanleihen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-indent: -69.8pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><B>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -69.8pt"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    share capital of the Company shall be increased by an amount not exceeding </FONT>CHF&nbsp;16,500,000.00 through the issue of a maximum
    of 33,000,000 registered shares, payable in full, each with a nominal value of CHF&nbsp;0.50 through the exercise of conversion and/or
    option or warrant rights granted in connection with bonds, notes or similar instruments, issued or to be issued by the Company or
    by subsidiaries of the Company, including convertible debt instruments.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
    Bezugsrecht der Aktion&auml;re ist f&uuml;r diese Aktien ausgeschlossen. Das Vorwegzeichnungsrecht der Aktion&auml;re in Bezug auf
    neue Anleihensobligationen, Notes oder &auml;hnlichen Obligationen oder Schuldverpflichtungen kann durch Beschluss des Verwaltungsrates
    zu folgenden Zwecken eingeschr&auml;nkt oder ausgeschlossen werden: Finanzierung und Refinanzierung des Erwerbs von Unternehmen,
    Unternehmensteilen oder Beteiligungen, von durch die Gesellschaft geplanten neuen Investitionen oder bei der Emission von Options-
    und Wandelanleihen &uuml;ber internationale Kapitalm&auml;rkte sowie im Rahmen von Privatplatzierungen. Der Ausschluss des Vorwegszeichnungsrechts
    ist ausschliesslich unter folgenden kumulativen Bedingungen zul&auml;ssig: (1)&nbsp;Die Instrumente m&uuml;ssen zu Marktkonditionen
    emittiert werden, (2)&nbsp;die Frist, innerhalb welcher die Options- und Wandelrechte ausge&uuml;bt werden k&ouml;nnen, darf ab Zeitpunkt
    der Emission des betreffenden Instruments bei Optionsrechten 10 Jahre und bei Wandelrechten 20 Jahre nicht &uuml;berschreiten und
    (3)&nbsp;der Umwandlungs- oder Aus&uuml;bungspreis f&uuml;r die neuen Aktien hat mindestens dem Marktpreis zum Zeitpunkt der Emission
    des betreffenden Instruments zu entsprechen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Shareholders'
    pre-emptive rights are excluded. Shareholders' advance subscription rights with regard to the new bonds, notes or similar instruments
    may be restricted or excluded by decision of the Board of Directors in order to finance or re-finance the acquisition of companies,
    parts of companies or holdings, or new investments planned by the Company, or in order to issue convertible bonds and warrants on
    the international capital markets or through private placement. If advance subscription rights are excluded, then (1)&nbsp;the instruments
    are to be placed at market conditions, (2)&nbsp;the exercise period is not to exceed ten years from the date of issue for warrants
    and twenty years for conversion rights and (3)&nbsp;the conversion or exercise price for the new shares is to be set at least in
    line with the market conditions prevailing at the date on which the instruments are issued.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Erwerb von Namenaktien durch Aus&uuml;bung von Wandel- und Optionsrechten sowie s&auml;mtliche weiteren &Uuml;bertragungen von Namenaktien
    unterliegen den &Uuml;bertragungsbeschr&auml;nkungen gem&auml;ss Art. 8 der Statuten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    acquisition of registered shares through the exercise of conversion rights or warrants and any further transfers of registered shares
    shall be subject to the restrictions specified in Article&nbsp;8 of the Articles of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-indent: -74.7pt"><B>Artikel 5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Bedingtes
    Aktienkapital f&uuml;r Mitarbeiterbeteiligungen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-indent: -74.7pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
    Aktienkapital der Gesellschaft wird im Maximalbetrag von </FONT>CHF&nbsp;12&rsquo;705&rsquo;464.50 durch Ausgabe von h&ouml;chstens
    25'410'929 vollst&auml;ndig zu liberierenden Namenaktien mit einem Nennwert von CHF&nbsp;0.50 je Aktie erh&ouml;ht bei und im Umfang
    der Aus&uuml;bung von Optionen, welche Mitarbeitern der Gesellschaft oder ihrer Tochtergesellschaften sowie Beratern, Direktoren
    oder anderen Personen, welche Dienstleistungen f&uuml;r die Gesellschaft oder ihre Tochtergesellschaften erbringen, einger&auml;umt
    wurden/werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-indent: -1in"><B>Article&nbsp;5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Conditional
    Share Capital for Employee Benefit Plans</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-indent: -1in"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    share capital of the Company shall be increased by an amount not exceeding CHF&nbsp;</FONT>12,705,464.50 through the issue from time
    to time of a maximum of 25,410,929 registered shares, payable in full, each with a nominal value of CHF&nbsp;0.50, in connection
    with the exercise of option rights granted to any employee of the Company or a subsidiary, and any consultant, director, or other
    person providing services to the Company or a subsidiary.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Bez&uuml;glich
    dieser Aktien ist das Bezugsrecht der Aktion&auml;re ausgeschlossen. Neue Aktien dieser Art k&ouml;nnen unter dem aktuellen Marktpreis
    ausgegeben werden. Der Verwaltungsrat bestimmt bei einer solchen Emission die spezifischen Konditionen, inkl. den Preis der Aktien.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Shareholders'
    pre-emptive rights shall be excluded with regard to these shares. These new registered shares may be issued at a price below the
    current market price. The Board of Directors shall specify the precise conditions of issue including the issue price of the shares.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Erwerb von Namenaktien im Zusammenhang mit Mitarbeiterbeteiligungen sowie s&auml;mtliche weiteren &Uuml;bertragungen von Namenaktien
    unterliegen den &Uuml;bertragungsbeschr&auml;nkungen gem&auml;ss Art. 8 der Statuten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    acquisition of registered shares in connection with employee participation and any further transfers of registered shares shall be
    subject to the restrictions specified in Article&nbsp;8 of the Articles of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Genehmigtes
    Kapital zu allgemeinen Zwecken</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat ist erm&auml;chtigt, das Aktienkapital jederzeit bis zum 19. Mai 2024 im Maximalbetrag von CHF 100&rsquo;000&rsquo;000
    durch Ausgabe von h&ouml;chstens 200&rsquo;000&rsquo;000 vollst&auml;ndig zu liberierenden Namenaktien mit einem Nennwert von CHF
    0.50 je Aktie zu erh&ouml;hen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Authorized
    Share Capital for General Purposes</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
    Board of Directors is authorized to increase the share capital from time to time until May&nbsp;19, 2024 by an amount not exceeding
    CHF 100,000,000 through the issue of up to 200,000,000 fully paid up registered shares with a nominal value of CHF 0.50 each.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Erh&ouml;hungen
    auf dem Weg der Fest&uuml;bernahme sowie Erh&ouml;hungen in Teilbetr&auml;gen sind gestattet. Der Ausgabebetrag, die Art der Einlage,
    der Zeitpunkt der Dividendenberechtigung sowie die Zuweisung nicht ausge&uuml;bter Bezugsrechte werden durch den Verwaltungsrat bestimmt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Increases
    through firm underwriting or in partial amounts are permitted. The issue price, the date of dividend entitlement, the type of consideration
    (including the contribution or underwriting in kind) as well as the allocation of non exercised pre-emptive rights shall be determined
    by the Board of Directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat ist erm&auml;chtigt, Bezugsrechte der Aktion&auml;re auszuschliessen und diese Dritten zuzuweisen, wenn die neu auszugebenden
    Aktien zu folgenden Zwecken verwendet werden: (1)&nbsp;Fusionen, &Uuml;bernahmen von Unternehmen oder Beteiligungen, Finanzierungen
    und Refinanzierungen solcher Fusionen und &Uuml;bernahmen sowie anderweitige Investitionsvorhaben (unter Einschluss von Privatplatzierungen),
    (2)&nbsp;St&auml;rkung der regulatorischen Kapitalbasis der Gesellschaft oder ihrer Tochtergesellschaften (unter Einschluss von Privatplatzierungen),
    (3)&nbsp;zur Erweiterung des Aktionariats oder (4)&nbsp;zum Zwecke der Mitarbeiterbeteiligung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors is authorized to exclude the pre-emptive rights of the shareholders and to allocate them to third parties in the
    event of the use of shares for the purpose of (1)&nbsp;mergers, acquisitions of enterprises or participations, financing and/or refinancing
    of such mergers and acquisitions and of other investment projects (including by way of private placements), (2)&nbsp;to improve the
    regulatory capital position of the company or its subsidiaries (including by way of private placements), (3)&nbsp;broadening the
    shareholder constituency or (4)&nbsp;for the purpose of the participation of employees.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Zeichnung sowie der Erwerb von Namenaktien aus genehmigtem Kapital zu allgemeinen Zwecken sowie s&auml;mtliche weiteren &Uuml;bertragungen
    von Namenaktien unterliegen den &Uuml;bertragungsbeschr&auml;nkungen gem&auml;ss Art. 8 der Statuten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    subscription and acquisition of registered shares out of authorized share capital for general purposes and any further transfers
    of registered shares shall be subject to the restrictions specified in Article&nbsp;8 of the Articles of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD></TR>
</TABLE>

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<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-indent: -74.7pt"><B>Artikel 7&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktienzertifikate</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-indent: -74.7pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Aktion&auml;r hat keinen Anspruch auf Druck und Auslieferung von Urkunden oder auf Umwandlung von in bestimmter Form&nbsp;ausgegebenen
    Aktien in eine andere Form. Die Gesellschaft kann bereits gedruckte Zertifikate annullieren. Letzteres setzt die Einlieferung der
    Zertifikate bei der Gesellschaft sowie das Einverst&auml;ndnis der Aktion&auml;re voraus. Der Aktion&auml;r kann jedoch von der Gesellschaft
    jederzeit kostenlos Druck und Auslieferung der Aktienzertifikate verlangen. Die Gesellschaft kann die Namenaktien ihrerseits jederzeit
    drucken.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-indent: -69.8pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-indent: -69.8pt"><B>Article&nbsp;7&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Share
    Certificates</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-indent: -69.8pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    shareholder has no right to demand printing or delivery of share certificates or a conversion of the form of the shares. The Company
    may cancel without replacement already printed shares. Registered shares already issued can only be cancelled when they are returned
    to the Company and the shareholder agrees. The shareholder may request at any time, without cost, the printing and delivery of his
    registered shares. The Company may for its part print out the registered shares at any time.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nicht
    verurkundete Namenaktien einschliesslich der daraus entspringenden Rechte k&ouml;nnen nur durch Zession &uuml;bertragen werden. Die
    Zession bedarf zur G&uuml;ltigkeit der Anzeige an die Gesellschaft. Die Berechtigung an den Zertifikaten der &uuml;bertragenen Aktien
    wird durch rechtsg&uuml;ltige Zession &uuml;bertragen und bedarf keiner Zustimmung seitens der Gesellschaft. Die Bank, welche abgetretene
    Namenaktien f&uuml;r die Aktion&auml;re verwaltet, kann von der Gesellschaft &uuml;ber die erfolgte Zession benachrichtigt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Registered
    shares not physically represented by certificates and the rights arising therefrom can only be transferred by assignment. Such assignment
    shall not be valid unless notice is given to the Company. Title to the certificate of the transferred share is passed on to the transferee
    through legal and valid assignment and does not need the explicit consent of the Company. The bank which handles the book entries
    of the assigned registered shares on behalf of the shareholders may be notified by the Company of the assignment.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Nicht
    verurkundete Namenaktien sowie die daraus entspringenden Verm&ouml;gensrechte k&ouml;nnen ausschliesslich zugunsten der Bank, welche
    die Aktien im Auftrag des betreffenden Aktion&auml;rs verwaltet, verpf&auml;ndet werden. Die Verpf&auml;ndung bedarf eines schriftlichen
    Pfandvertrags. Eine Benachrichtigung der Gesellschaft ist nicht erforderlich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Registered
    shares not physically represented by certificates and the financial rights arising from these shares may only be pledged to the bank
    handling the book entries of such shares for the shareholder. The pledge must be made by means of a written pledge agreement. </FONT>Notice
    to the Company is not required.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 8&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktienregister;
    Beschr&auml;nkungen der &Uuml;bertragbarkeit</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;F&uuml;r
    die Namenaktien wird ein Aktienbuch gef&uuml;hrt. Darin werden die Eigent&uuml;mer und Nutzniesser mit Namen und Vornamen, Wohnort,
    Adresse und Staatsangeh&ouml;rigkeit (bei juristischen Personen mit Sitz) eingetragen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;8&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Shareholder's
    Register, Transfer Restrictions</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Registered
    shares are issued in the name of the owner or the usufructuary. This person shall be entered in the share register with his name,
    address, domicile and citizenship (domicile in case of legal entities).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Zur
    Eintragung ins Aktienbuch als Aktion&auml;r mit Stimmrecht ist die Zustimmung des Verwaltungsrats notwendig. Die Eintragung als Aktion&auml;r
    mit Stimmrecht kann in den in Art. 8 lit. c), d), e) und f) der Statuten festgehaltenen F&auml;llen abgelehnt werden. Lehnt der Verwaltungsrat
    die Eintragung des Erwerbers als Aktion&auml;r mit Stimmrecht ab, benachrichtig er diesen innerhalb von 20 Tagen seit dem Eingang
    des Eintragungsgesuchs. Nicht anerkannte Erwerber werden als Aktion&auml;re ohne Stimmrecht ins Aktienbuch eingetragen. Die entsprechenden
    Aktien gelten in der Generalversammlung als nicht vertreten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Entry
    in the share register of registered shares with voting rights is subject to the approval of the Board of Directors. Entry of registered
    shares with voting rights may be refused based on the grounds set out in Article&nbsp;8(c), (d), (e)&nbsp;and (f). If the Board of
    Directors refuses to register the acquirer as shareholder with voting rights it shall notify the acquirer of such refusal within
    20 days upon receipt of the application. Non-recognized acquirers shall be entered in the share register as shareholders without
    voting rights. The corresponding shares shall be considered as not represented in the General Meeting of Shareholders.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Eine
    nat&uuml;rliche oder juristische Person wird in dem Umfang nicht als Aktion&auml;rin mit Stimmrecht im Aktienbuch eingetragen, in
    welchem die von ihr direkt oder indirekt im Sinne von Art. 14 der Statuten gehaltene oder sonstwie kontrollierte Beteiligung 10%
    oder mehr des im Handelsregister eingetragenen Aktienkapitals betr&auml;gt. Dabei gelten Personen, die durch Absprache, Kapital,
    Stimmkraft, Leitung, Syndikat oder auf andere Weise miteinander verbunden sind, als eine Person. Im Umfang, in welchem eine derartige
    Beteiligung 10% oder mehr des Aktienkapitals betr&auml;gt, werden die entsprechenden Aktien ohne Stimmrecht ins Aktienbuch eingetragen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
    individual or legal entity may, directly or indirectly, formally, constructively or beneficially own (as defined in Article&nbsp;14
    below) or otherwise control voting rights with respect to 10% or more of the registered share capital recorded in the Commercial
    Register. Those associated through capital, voting power, joint management or in any other way, or joining for the acquisition of
    shares, shall be regarded as one person. The registered shares exceeding the limit of 10% shall be entered in the share register
    as shares without voting rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Die
    oben erw&auml;hnte 10% Limite gilt auch bei der Zeichnung oder Erwerb von Aktien, welche mittels Aus&uuml;bung von Options- oder
    Wandelrechten aus Namen- oder Inhaberpapieren oder sonstigen von der Gesellschaft oder Dritten ausgestellten Wertpapieren oder welche
    mittels Aus&uuml;bung von erworbenen Bezugsrechten aus Namen- oder Inhaberaktien gezeichnet oder erworben werden. Im Umfang, in welchem
    eine daraus resultierende Beteiligung 10% oder mehr des Aktienkapitals betr&auml;gt, werden die entsprechenden Aktien ohne Stimmrecht
    ins Aktienbuch eingetragen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    limit of 10% of the registered share capital also applies to the subscription for, or acquisition of, registered shares by exercising
    option or convertible rights arising from registered or bearer securities or any other securities issued by the Company or third
    parties, as well as by means of exercising purchased pre-emptive rights arising from either registered or bearer shares. The registered
    shares exceeding the limit of 10% shall be entered in the share register as shares without voting rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Verwaltungsrat verweigert die Eintragung ins Aktienbuch als Aktion&auml;r mit Stimmrecht oder entscheidet &uuml;ber die L&ouml;schung
    eines bereits eingetragenen Aktion&auml;rs mit Stimmrecht aus dem Aktienbuch, wenn der Erwerber auf sein Verlangen hin nicht ausdr&uuml;cklich
    erkl&auml;rt, dass er die Aktien im eigenen Namen und auf eigene Rechnung erworben hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors shall reject entry of registered shares with voting rights in the share register or shall decide on their cancellation
    when the acquirer or shareholder upon request does not expressly state that she/he has acquired or holds the shares in her/his own
    name and for her/his own account.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat verweigert die Eintragung nat&uuml;rlicher und juristischer Personen, welche Namenaktien f&uuml;r Dritte halten und
    dies schriftlich gegen&uuml;ber der Gesellschaft erkl&auml;ren werden, als Treuh&auml;nder/Nominees mit unbeschr&auml;nktem Stimmrecht
    ins Aktienbuch oder entscheidet &uuml;ber die L&ouml;schung aus dem Aktienbuch , wenn sie sich nicht dazu verpflichten, gegen&uuml;ber
    der Gesellschaft auf deren schriftliches Verlangen hin jederzeit die Namen, Adressen und Beteiligungsquote derjenigen Personen offenzulegen,
    f&uuml;r welche sie die Namenaktien halten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of </FONT>Directors shall reject entry of individuals and legal entities, who hold registered shares for third parties and
    state this in writing to the Company, as nominees in the share register with voting rights without limitation or shall decide on
    their cancellation when the nominee does not undertake the obligation to disclose at any time to the Company at its written request
    the names, addresses and share holdings of each person for whom such nominee is holding shares.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Verwaltungsrat kann in besonderen F&auml;llen Ausnahmen von den obgenannten Beschr&auml;nkungen (Art. 8 lit. c), d), e) and f) der
    Statuten) genehmigen. Sodann kann der Verwaltungsrat nach Anh&ouml;rung der betroffenen Personen deren Eintragungen im Aktienbuch
    als Aktion&auml;re r&uuml;ckwirkend streichen, wenn diese durch falsche Angaben zustande gekommen sind oder wenn die betroffene Person
    die Auskunft gem&auml;ss Art. 8 lit. f) verweigert.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors may in special cases approve exceptions to the above regulations (Article&nbsp;8(c), (d), (e)&nbsp;and (f)). The
    Board of Directors is in addition authorized, after due consultation with the person concerned, to delete with retroactive effect
    entries in the share register which were effected on the basis of false information and/or to delete entries in case the respective
    person refuses to make the disclosers according to Article&nbsp;8(f).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Solange
    ein Erwerber nicht Aktion&auml;r mit Stimmrecht im Sinne von Art. 8 der Statuten geworden ist, kann er weder die entsprechenden Stimmrechte
    noch die weiteren mit diesen in Zusammenhang stehenden Rechte wahrnehmen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Until
    an acquirer becomes a shareholder with voting rights for the shares in accordance with this Article&nbsp;8, she/he may neither exercise
    the voting rights connected with the shares nor other rights associated with the voting rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center; width: 48%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>III.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Organisation</B></FONT></P>
                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>III.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Organization</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Generalversammlung</B></FONT></P>
                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 9&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Befugnisse</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Die Generalversammlung ist das oberste Organ
    der Gesellschaft. Sie hat die folgenden un&uuml;bertragbaren Befugnisse:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;9&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Authorities</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The General Meeting is the supreme corporate
    body of the Company. It has the following non-transferable powers:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Festsetzung und &Auml;nderung der Statuten;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    adopt and amend the Articles of Association;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Wahl und Abwahl der Mitglieder des Verwaltungsrats, des Pr&auml;sidenten des Verwaltungsrats, der Mitglieder des Verg&uuml;tungsausschusses,
    der Revisionsstelle und des unabh&auml;ngigen Stimmrechtsvertreters;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    elect and remove the members of the Board of Directors, the Chairman of the Board of Directors, the members of the Compensation Committee,
    the Auditors and the independent proxy;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Genehmigung des Lageberichts, der Jahresrechnung und der Konzernrechnung, des Berichts &uuml;ber nichtfinanzielle Belange der Gesellschaft,
    die Beschlussfassung &uuml;ber die Verwendung des Bilanzgewinns, insbesondere die Festsetzung der Dividende (einschliesslich einer
    allf&auml;lligen R&uuml;ckzahlung der gesetzlichen Kapitalreserve), sowie die Festsetzung der Zwischendividende aus laufendem Gewinn
    und die Genehmigung des damit verbundenen Zwischenabschlusses;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    approve the statutorily required management report, the annual accounts and the consolidated financial statements, the report on
    non-financial matters of the Company, to pass resolutions regarding the allocation of profits as shown on the balance sheet, in particular
    to determine the dividends (including any repayment of the statutory capital reserve) as well as to determine the dividend out of
    current profits (interim dividends) and the interim financial statements in relation thereto;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Entlastung der Mitglieder des Verwaltungsrats;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    grant discharge to the members of the Board of Directors;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Dekotierung der Beteiligungspapiere der Gesellschaft;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    delist the Company's shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 29.75pt; font-size: 10pt; text-align: justify; text-indent: -29.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Genehmigung der Verg&uuml;tungen des Verwaltungsrats und der Gesch&auml;ftsleitung gem&auml;ss Art. 25 der Statuten; und</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    approve the compensation of the Board of Directors and the Executive Management in accordance with Article&nbsp;25; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Beschlussfassung &uuml;ber die Gegenst&auml;nde, die der Generalversammlung durch das Gesetz oder die Statuten vorbehalten sind oder
    welche ihr vom Verwaltungsrat vorgelegt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;to
    pass resolutions regarding items which are reserved to the Gene</FONT>ral Meeting by law or by the Articles of Association or which
    are presented to it by the Board of Directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.8pt; text-indent: -70.8pt"><B>Artikel 10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Generalversammlungen
    sowie deren Einberufung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.8pt; text-indent: -70.8pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    ordentliche Generalversammlung findet allj&auml;hrlich innerhalb von sechs Monaten nach Abschluss des Gesch&auml;ftsjahres statt.
    Zeitpunkt und Ort, welcher im In- oder Ausland sein kann, werden durch den Verwaltungsrat bestimmt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Meetings
    and Convening the Meeting</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    ordinary General Meeting shall be held annually within six months after the close of the business year at such time and at such location,
    which may be within or outside Switzerland, as determined by the Board of Directors.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Ausserordentliche
    Generalversammlungen finden statt, wenn es der Verwaltungsrat f&uuml;r angezeigt erachtet. Ausserdem m&uuml;ssen ausserordentliche
    Generalversammlungen einberufen werden auf Beschluss einer Generalversammlung oder wenn stimmberechtigte Aktion&auml;re, welche zusammen
    mindestens 5% des Aktienkapitals vertreten, es unter Anf&uuml;hrung des Verhandlungsgegenstandes und der Antr&auml;ge schriftlich
    verlangen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>&nbsp;Extraordinary
    General Meetings may be called by resolution of the Board of Directors. Moreover, Extraordinary General Meetings must be called if
    shareholders so resolve at a General Meeting or if shareholders with voting powers representing at least 5% of the share capital
    request so in writing, stating the agenda items and the motions.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Einberufung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.85pt; text-align: justify; text-indent: -0.85pt">Die Generalversammlung
    wird durch den Verwaltungsrat, n&ouml;tigenfalls durch die Revisionsstelle oder die Liquidatoren, einberufen. Die Einladung erfolgt
    mindestens 20 Tage vor der Versammlung durch Publikation im Schweizerischen Handelsamtsblatt. Der Inhalt der Einberufung richtet
    sich nach dem Gesetz.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.05pt; text-align: justify; text-indent: -31.05pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notice</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5pt; text-align: justify; text-indent: -1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    General Meeting is summoned by the Board of Directors or if necessary by the Auditors or the liquidators. Notice of the General Meeting
    shall be given by publication in the &quot;Schweizerisches Handelsamtsblatt&quot; at least 20 days before the date of the meeting.
    </FONT>The notice of the meeting shall include the content prescribed by law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Traktanden</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat nimmt die Traktandierung der Verhandlungsgegenst&auml;nde vor.</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Agenda</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors shall state the matters on the agenda.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Ein
    oder mehrere mit Stimmrecht eingetragene Aktion&auml;re k&ouml;nnen, gem&auml;ss den gesetzlichen Bestimmungen, vom Verwaltungsrat
    die Traktandierung eines Verhandlungsgegenstandes verlangen. Das Begehren um Traktandierung ist schriftlich unter Angabe der Verhandlungsgegenst&auml;nde
    und der Antr&auml;ge an den Pr&auml;sidenten des Verwaltungsrates mindestens 90 Tage vor dem Jahrestag der vorj&auml;hrigen ordentlichen
    Generalversammlung einzureichen; liegt jedoch die ordentliche Generalversammlung mehr als 30 Tage vor oder nach dem Jahrestag der
    vorj&auml;hrigen ordentlichen Generalversammlung, wurde im Vorjahr keine solche Generalversammlung abgehalten oder handelt es sich
    um eine ausserordentliche Generalversammlung, ist das Begehren nur dann rechtzeitig erfolgt, wenn es innert 90 Tagen vor der Generalversammlung
    oder, sofern sp&auml;ter, innert 10 Tagen nach der ersten &ouml;ffentlichen Bekanntmachung des Datums der Generalversammlung eingegangen
    ist.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: 0.3pt">Soll
    eine Begr&uuml;ndung in &Uuml;bereinstimmung mit diesem Artikel&nbsp;12 und anderen anwendbaren rechtlichen Bestimmungen in die Einberufung
    aufgenommen werden, ist sie vom Antragsteller innert derselben Frist einzureichen und pr&auml;gnant, klar und nicht irref&uuml;hrend
    zu formulieren.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;One
    or more registered Shareholders may in compliance with the legal requirements demand that matters be included in the agenda. Such
    demands shall be in writing and shall specify the items and the proposals and has to be submitted to the Chairman not less than 90
    days before the anniversary date of the prior year&rsquo;s annual general meeting; provided, however, that in the event that the
    annual general meeting is more than 30 days before or after such anniversary date, if no such meeting was held in the preceding year,
    or in case of an extraordinary general meeting, such demand shall be timely only if received not less than 90 days before such general
    meeting or, if later, within 10 days after the first public announcement of the date of such meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -0.55pt">In case
    registered shareholders in compliance with this Article&nbsp;12 and other applicable legal requirements wish to have an explanation
    of the matter included in the invitation, such statement shall be submitted within the same period of time and shall be concise,
    clear and not misleading.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&Uuml;ber
    Antr&auml;ge zu nicht geh&ouml;rig angek&uuml;ndigten Verhandlungsgegenst&auml;nden, welche auch nicht im Zusammenhang mit einem
    geh&ouml;rig traktandierten Verhandlungsgegenstand stehen, k&ouml;nnen keine Beschl&uuml;sse gefasst werden, ausser in den gesetzlich
    vorgesehenen F&auml;llen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;No
    resolution shall be passed on matters proposed only at the General Meeting and which have no bearing on any of the proposed items
    of the agenda, apart from those exceptions permitted by law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Vorsitz
    und Protokoll</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Den
    Vorsitz in der Generalversammlung f&uuml;hrt der Pr&auml;sident des Verwaltungsrates, bei dessen Verhinderung ein anderes vom Verwaltungsrat
    bezeichnetes Mitglied des Verwaltungsrates oder ein anderer von der Generalversammlung f&uuml;r den betreffenden Tag bezeichneter
    Vorsitzender.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;13&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Chair,
    Minutes</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting shall be chaired by the Chairman, or, in his absence, by another member of the Board of Directors, or by another
    Chairman elected for that day by the General Meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Vorsitzende bezeichnet einen Protokollf&uuml;hrer sowie die Stimmenz&auml;hler, welche keine Aktion&auml;re sein m&uuml;ssen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Chairman designates a Secretary for the minutes as well as the scrutinizers who need not be shareholders.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Verwaltungsrat ist verantwortlich f&uuml;r die Protokollf&uuml;hrung. Das Protokoll wird vom Vorsitzenden und vom Protokollf&uuml;hrer
    unterzeichnet.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors is responsible for the keeping of the minutes, which are to be signed by the Chairman and by the Secretary.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Stimmrecht
    und Vertreter</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Jede
    Aktie berechtigt, unter Vorbehalt der Einschr&auml;nkungen gem&auml;ss Art.&nbsp;8 und Art. 14 lit. b) der Statuten, zu einer Stimme.
    Jeder stimmberechtigte Aktion&auml;r kann seine Aktien durch eine andere von ihm schriftlich bevollm&auml;chtigte Person vertreten
    lassen, welche kein Aktion&auml;r sein muss.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;14&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Voting
    Rights and Shareholders Proxies</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Each
    share is entitled to one vote subject to the provisions of Article&nbsp;8 and Article&nbsp;14(b)&nbsp;below. Each shareholder may
    be represented at the General Meeting by another person who is authorized by a written proxy and who does not need to be a shareholder</FONT>.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Ungeachtet
    lit. a) vorstehend, gilt Folgendes: Sobald und solange eine nat&uuml;rliche oder juristische Person 10% oder mehr des im Handelsregister
    eingetragenen Aktienkapitals der Gesellschaft kontrolliert, ist diese bei ordentlichen oder ausserordentlichen Generalversammlungen
    maximal zu den gem&auml;ss nachfolgender Formel zu eruierenden Stimmen (abgerundet auf die n&auml;chst tiefere, runde Zahl) berechtigt:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Notwithstanding
    para. a) above, if and so long as the Controlled Shares of any individual or legal entity constitute ten percent (10%) or more of
    the registered share capital recorded in the Commercial Register, such individual or legal entity shall be entitled to cast votes
    at any General Meeting or Extraordinary General Meeting in the aggregate equal to the number (rounded down to the nearest whole number)
    obtained from following formula:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt">(T &divide; 10) - 1</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt">(T &divide; 10) - 1</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 106.2pt; text-align: justify; text-indent: -76.5pt">Wobei gilt:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&#8239;&nbsp;&ldquo;T&rdquo;
    ist gleich der Gesamtanzahl der Stimmrechte, welche auf dem im Handelsregister eingetragenen gesamten Aktienkapital der Gesellschaft
    verliehen werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 78.8pt; text-align: justify; text-indent: -45pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -45pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 78.8pt; text-align: justify; text-indent: -45pt">Where:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;T&rdquo;
    is the aggregate number of votes conferred by all the registered share capital recorded in the Commercial Register.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Als
    &quot;kontrolliert&quot; im Sinne dieses Artikels gelten folgende Aktien:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;For
    purposes of this Article&nbsp;14,&quot;Controlled Shares&quot; in reference to any individual or entity means:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.7pt; text-align: justify; text-indent: -0.5in">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;alle
    Aktien der Gesellschaft, welche direkt oder indirekt von einer nat&uuml;rlichen oder juristischen Person gehalten werden, wobei:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -0.5in">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -0.5in">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -0.5in">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
    shares of the Company directly, indirectly or constructively owned by such individual or entity; provided that</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktien,
    welche direkt oder indirekt von einer Personengesellschaft (<I>Partnership</I>), von einem Trust oder einer anderweitigen Verm&ouml;gensmasse
    (z.B. Nachlass) gehalten werden, anteilsm&auml;ssig auf die hinter diesen Strukturen stehenden Partner oder wirtschaftlich Berechtigten
    angerechnet werden; und</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;shares
    owned, directly or indirectly, by or for a partnership, or trust or estate will be considered as being owned proportionately by its
    partners, or beneficiaries; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktien,
    welche direkt oder indirekt von einer k&ouml;rperschaftlich organisierten Gesellschaft gehalten werden als anteilsm&auml;ssig von
    den Aktion&auml;ren solcher Gesellschaften, welche ihrerseits mehr als 50% der ausgegebenen stimmberechtigten Aktien ebensolcher
    halten, gehalten gelten; und</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;shares
    owned, directly or indirectly, by or for a corporation will be considered as being owned proportionately by any shareholder owning
    50% or more of the outstanding voting shares of such corporation; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktien,
    welche durch die Aus&uuml;bung von Wandel-, Options- oder &auml;hnlichen Rechten entstehen k&ouml;nnen, als vom Inhaber des entsprechenden
    Rechts gehalten gelten; und</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;shares
    subject to options, warrants or other similar rights shall be deemed to be owned; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.7pt; text-align: justify; text-indent: -0.5in">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;alle
    Aktien der Gesellschaft, welche direkt oder indirekt von einer nat&uuml;rlichen oder juristischen Person als wirtschaftlich Berechtigte
    gehalten werden, wobei als solche jede Person gilt, die:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -0.5in">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -0.5in">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -0.5in">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;all
    Shares of the Company directly, indirectly beneficially owned by such individual or entity; provided that</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;direkt
    oder indirekt, durch jede Art von Vertrag, Vereinbarung, anderweitige Rechtsbeziehung oder sonstwie alleine oder zusammen mit anderen
    derartigen Personen &uuml;ber Folgendes verf&uuml;gt:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
    beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding,
    relationship, or otherwise has or shares:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 119.7pt; text-align: justify; text-indent: -27pt">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Einfluss
    auf das Stimmrecht der betreffenden Aktien, sei dies direkt oder indirekt; und/oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 123.8pt; text-align: justify; text-indent: -27pt">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;voting
    power which includes the power to vote, or to direct the voting of, such security; and/or</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 119.7pt; text-align: justify; text-indent: -27pt">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Einfluss
    auf die Verf&uuml;gungsberechtigung an den betreffenden Aktien, sei dies direkt oder indirekt;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 123.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 123.8pt; text-align: justify; text-indent: -27pt">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;investment
    power which includes the power to dispose, or to direct the disposition of, such security.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;direkt
    oder indirekt Trusts, Vollmachten, &uuml;brige Vertretungsberechtigungen oder sonstige vertragliche Abreden errichtet oder benutzt
    in der Absicht, ihre wirtschaftliche Berechtigung an den Aktien zu &uuml;berdecken, um die einschl&auml;gigen Bestimmungen dieser
    Statuten &uuml;ber die als kontrolliert geltenden Aktien zu umgehen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
    person who, directly or indirectly, creates or uses a trust, proxy, power of attorney, pooling arrangement or any other contract,
    arrangement, or device with the purpose or effect of divesting such person of beneficial ownership of shares of the Company or preventing
    the vesting of such beneficial ownership as part of a plan or scheme to evade the provisions of these articles of association shall
    be deemed to be the beneficial owner of such shares.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    das Recht hat innerhalb von 60 Tagen die wirtschaftliche Berechtigung an Aktien zu erwerben, insbesondere, jedoch nicht abschliessend,
    durch: (A)&nbsp;Aus&uuml;bung von Wandel-, Options- oder sonstigen Rechten; (B)&nbsp;durch die Umwandlung eines Wertpapiers; (C)&nbsp;durch
    die automatische Aufhebung eines Trusts, eines Verm&ouml;gensverwaltungskontos oder einer &auml;hnlichen Vereinbarung; oder (D)&nbsp;durch
    Ablauf der Dauer eines Trusts, eines Verm&ouml;gensverwaltungskontos oder einer &auml;hnlichen Vereinbarung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
    person shall be deemed to be the beneficial owner of shares if that person has the right to acquire beneficial ownership of such
    shares within 60 days, including but not limited to any right to acquired: (A)&nbsp;through the exercise of any option, warrant or
    right; (B)&nbsp;through the conversion of a security; (C)&nbsp;pursuant to the power to revoke a trust, discretionary account, or
    similar arrangement; or (D)&nbsp;pursuant to the automatic termination of a trust, discretionary account or similar arrangement.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Verwaltungsrat hat das Recht die Bestimmungen des Artikels 14 der Statuten auszulegen und die Berechtigung von nat&uuml;rlichen und
    juristischen Personen an Aktien der Gesellschaft zur Sicherstellung der Umsetzung dieser Bestimmungen festzulegen. Bei der Auslegung
    kann der Verwaltungsrat Gesetze, Reglemente und &uuml;brige Bestimmungen sowie Rechtsprechung aus dem In- und Ausland beiziehen,
    welche Art. 14 der Statuten &auml;hnlich sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors shall have the authority to interpret the provisions of this Article&nbsp;14 and to determine the ownership of
    shares by any individual or entity so as to fully implement the provisions of this Article&nbsp;14. In so interpreting this Article&nbsp;14,
    the Board of Directors may look to laws, rules, regulations and court decisions (including of countries outside of Switzerland) having
    language substantially similar to this Article&nbsp;14.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat kann in besonderen F&auml;llen Ausnahmen von den vorerw&auml;hnten Stimmrechtsbeschr&auml;nkungen gew&auml;hren.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors may in special cases allow exceptions from this limitation on voting rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.9pt; text-indent: -63.75pt"><B>Artikel 15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Unabh&auml;ngiger
    Stimmrechtsvertreter und weitere Vertretungsregeln</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.9pt; text-indent: -63.75pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Generalversammlung w&auml;hlt einen unabh&auml;ngigen Stimmrechtsvertreter. Die Amtszeit endet jeweils mit Abschluss der n&auml;chsten
    ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-indent: -70.2pt"><B>Article&nbsp;15&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Independent
    Proxy and Additional Rules&nbsp;on Proxies</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-indent: -70.2pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-indent: -70.2pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
    General Meeting shall elect an Independent Proxy. The term of office ends in each case at the end of the next ordinary General Meeting.
    Re-election is permitted.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Jeder
    stimmberechtigte Aktion&auml;r kann seine Aktien durch den von ihm schriftlich oder elektronisch bevollm&auml;chtigten unabh&auml;ngigen
    Stimmrechtsvertreter oder durch eine andere Person in &Uuml;bereinstimmung mit Art.&nbsp;14 lit. a) vertreten lassen. Die Mitglieder
    des Verwaltungsrates und der Gesch&auml;ftsleitung d&uuml;rfen Aktion&auml;re vertreten, sofern es sich nicht um eine institutionalisierte
    Vertretung handelt. Verwahrungsstellen d&uuml;rfen Aktion&auml;re vertreten und gelten nicht als Depotvertreter (im Sinne von Art.
    689b Abs. 2 OR), sofern sie aufgrund einer schriftlichen Vollmacht und nach Massgabe von konkreten oder allgemeinen Weisungen des
    betreffenden Aktion&auml;rs handeln. </FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Each
    shareholder may be represented at the General Meeting by the Independent Proxy by way of a written or electronic proxy or by another
    person in accordance with Article&nbsp;14(a). The members of the Board of Directors and the Executive Management are allowed to represent
    shareholders provided that this does not constitute an institutionalized representation of shareholders. Custodians may represent
    shareholders and shall not be deemed depositary representatives (in the sense of Art. 689b para. 2 of the Swiss Code of Obligations),
    provided that they act based on a written proxy and in accordance with specific or general instructions of the relevant shareholder.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    unabh&auml;ngige Stimmrechtsvertreter ist verpflichtet, die von ihm vertretenen Stimmrechte weisungsgem&auml;ss auszu&uuml;ben. Hat
    er keine Weisungen erhalten, so enth&auml;lt er sich der Stimme. Eine allgemeine oder konkludente Weisung, bei in der Einberufung
    bekanntgegebenen und/oder nicht bekanntgegebenen Antr&auml;gen jeweils im Sinne des Antrages des Verwaltungsrates zu stimmen, gilt
    als g&uuml;ltige Weisung zur Stimmrechtsaus&uuml;bung.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Independent Proxy is obliged to exercise the represented voting rights in accordance with instructions. </FONT>If no instructions
    were obtained, it shall abstain from voting. A general or implied instruction to vote according to the proposal of the Board of Directors
    in respect of proposals announced and/or not announced in the invitation shall be considered a valid instruction to exercise voting
    rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    unabh&auml;ngige Stimmrechtsvertreter kann sich an der Generalversammlung durch einen Vertreter oder eine untergeordnete Person vertreten
    lassen. Der unabh&auml;ngige Stimmrechtsvertreter bleibt f&uuml;r die Erf&uuml;llung seiner Pflichten vollumf&auml;nglich verantwortlich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Ind</FONT>ependent Proxy may be represented at the General Meeting by a representative or a subordinate person. The Independent Proxy
    remains fully responsible for fulfilling its duties.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;F&auml;llt
    der unabh&auml;ngige Stimmrechtsvertreter aus, stellt der Verwaltungsrat ihn nach den gesetzlichen Vorschriften in seiner Funktion
    ein, oder hat die Gesellschaft aus anderen Gr&uuml;nden keinen handlungsf&auml;higen unabh&auml;ngigen Stimmrechtsvertreter, so ernennt
    der Verwaltungsrat einen neuen unabh&auml;ngigen Stimmrechtsvertreter f&uuml;r die n&auml;chste Generalversammlung. Bisher abgegebene
    Vollmachten und Stimmrechtsinstruktionen behalten ihre G&uuml;ltigkeit f&uuml;r den neuen unabh&auml;ngigen Stimmrechtsvertreter,
    solange ein Aktion&auml;r nicht ausdr&uuml;cklich etwas anderes anordnet.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</FONT>If
    the Independent Proxy is not available anymore to hold office, if the Board of Directors lawfully suspends it from its office, or
    if the Company does not have an Independent Proxy capable of acting for other reasons, then the Board of Directors shall appoint
    a new Independent Proxy for the next General Meeting. Proxies and voting instructions that were already issued remain valid for the
    new Independent Proxy as long as a shareholder does not explicitly determine otherwise.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Verwaltungsrat kann Verfahrensvorschriften im Zusammenhang mit der Teilnahme und Vertretung von Aktion&auml;ren an der Generalversammlung
    erlassen und insbesondere die Erteilung von Weisungen an den unabh&auml;ngigen Stimmrechtsvertreter n&auml;her regeln. Er sorgt daf&uuml;r,
    dass die Aktion&auml;re dem unabh&auml;ngigen Stimmrechtsvertreter auch elektronische Vollmachten und Weisungen erteilen k&ouml;nnen,
    wobei er erm&auml;chtigt ist, vom Erfordernis einer qualifizierten elektronischen Signatur ganz oder teilweise abzusehen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</FONT>The
    Board of Directors may pass procedural provisions in connection with the participation in and the representation at the General Meeting
    and in particular regulate in more detail the issuing of instructions to the Independent Proxy. It shall make sure that the shareholders
    are able to grant powers of attorneys and can issue instructions to the Independent Proxy by electronic means. In doing so, it is
    entitled to waive entirely or in part the requirement of a qualified electronic signature.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Beschl&uuml;sse</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Die
    Generalversammlung ist beschlussf&auml;hig ohne R&uuml;cksicht auf die Zahl der anwesenden Aktion&auml;re oder der vertretenen Aktien.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;16&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Resolutions</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting may pass resolutions without regard to the number of shareholders present or shares represented.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Die
    Generalversammlung fasst ihre Beschl&uuml;sse und vollzieht ihre Wahlen, soweit das Gesetz oder diese Statuten nichts anderes vorsehen,
    mit der einfachen Mehrheit der abgegebenen Stimmen (wobei Enthaltungen, sog. Broker Nonvotes, leere oder ung&uuml;ltige Stimmen f&uuml;r
    die Bestimmung des Mehr nicht ber&uuml;cksichtigt werden).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Unless
    otherwise required by law or the Articles of Association, the General Meeting shall pass its resolutions and carry out its elections
    with the simple majority of the votes cast (whereby abstentions, broker non-votes, blank or invalid ballots shall be disregarded
    for purposes of establishing the majority).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Der
    Vorsitzende bestimmt das Abstimmungsverfahren. Erfolgen die Wahlen nicht elektronisch haben sie mittels Stimmzettel zu erfolgen,
    wenn mindestens 50 anwesende Aktion&auml;re dies per Handzeichen verlangen. Die Weisungserteilung via Internet oder Telefon kann
    durch den Vorsitzenden gestattet werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Chairman of the General Meeting shall determine the voting procedure. Provided that the voting is not done electronically, voting
    shall be by ballot if more than 50 of the shareholders present so demand by a show of hands. The accord of instructions by using
    the internet or the telephone can be permitted by the Chairman.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel 17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Quorum</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ein Beschluss der Generalversammlung, der
    mindestens zwei Drittel der vertretenen Stimmen und die absolute Mehrheit der vertretenen Aktiennennwerte auf sich vereinigt, ist
    erforderlich f&uuml;r:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;17&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Quorums</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A resolution of the General Meeting passed
    by at least two thirds of the represented share votes and the absolute majority of the represented shares par value is required for:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    in Art. 704 Abs. 1 OR aufgef&uuml;hrten Gesch&auml;fte, d.h. f&uuml;r:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    cases listed in art. 704 para. 1 CO, i.e.:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    &Auml;nderung des Gesellschaftszwecks;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    change of the company purpose;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>die
    Zusammenlegung von Aktien, soweit daf&uuml;r nicht die Zustimmung aller betroffenen Aktion&auml;re erforderlich ist;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    consolidation of shares, to the extent consent of all shareholders concerned is not required;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Kapitalerh&ouml;hung aus Eigenkapital, gegen Sacheinlagen oder durch Verrechnung mit einer Forderung und die Gew&auml;hrung von besonderen
    Vorteilen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
    increase of capital out of equity, against contribution in kind, or by offsetting against a claim and the granting of special benefits;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Einschr&auml;nkung oder Aufhebung des Bezugsrechts;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    limitation or withdrawal of pre-emptive rights;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>die
    Einf&uuml;hrung eines bedingten Kapitals oder eines Kapitalbands;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;an
    introduction of contingent capital or a capital band;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Umwandlung von Partizipationsscheinen in Aktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
    conversion of participation certificates to shares;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Beschr&auml;nkung der &Uuml;bertragbarkeit von Namenaktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    restriction of the transferability of registered shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Einf&uuml;hrung von Stimmrechtsaktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    creation of shares with privileged voting rights;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;den
    Wechsel der W&auml;hrung des Aktienkapitals;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;a
    change of the currency of the share capital;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Einf&uuml;hrung des Stichentscheids des Vorsitzenden in der Generalversammlung;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -26.95pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    introduction of the casting vote of the Chairman of the </FONT>General Meeting;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>die
    Dekotierung der Beteiligungspapiere der Gesellschaft;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(k)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    delisting of the Company's shares or other equity instruments;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Verlegung des Sitzes der Gesellschaft;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(l)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    change of the domicile of the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Einf&uuml;hrung einer statutarischen Schiedsklausel;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(m)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    introduction of an arbitration clause in these Articles of Association;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Aufl&ouml;sung der Gesellschaft;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; text-indent: -27pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    </FONT>dissolution of the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Fusion,
                                            Spaltung und Umwandlung der Gesellschaft (zwingende gesetzliche Bestimmungen vorbehalten);</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            merger, de-merger or conversion of the Company (subject to mandatory law);</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Lockerung und die Aufhebung von &Uuml;bertragungsbeschr&auml;nkungen der Namenaktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            alleviating or withdrawal of restrictions upon the transfer of registered shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Umwandlung von Namenaktien in Inhaberaktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            conversion of registered shares into bearer shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-indent: -29.7pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Abberufung von Mitgliedern des Verwaltungsrates im Sinne von Art. 705 Abs. 1 OR; und</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            dismissal of the members of the Board of Directors according to art. 705 para. 1 CO; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            &Auml;nderung oder Aufhebung der Art. 8, 15, 16 und 17 der Statuten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            amendment or elimination of the provisions of Article&nbsp;8, Article&nbsp;15 and Article&nbsp;16
                                            of the Articles of Association as well as those contained in this Article&nbsp;17.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>B.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>B.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Wahl und Konstituierung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Der
    Verwaltungsrat besteht aus wenigstens 3 und h&ouml;chstens 20 Mitgliedern. Die Amtsdauer betr&auml;gt ein Jahr, zu verstehen als
    Periode ab Wahl bis zum Ende der n&auml;chsten ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;18&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Election
                                            and Constitution</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
    Board of Directors shall consist of 3 to 20 members. The term of office shall be one year, understood to be the period from the election
    until the end of the next ordinary General Meeting. Re-election is possible.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                                                                <P STYLE="margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Die Generalversammlung w&auml;hlt aus den Mitgliedern des Verwaltungsrates den Pr&auml;sidenten des Verwaltungsrates. Die Amtsdauer betr&auml;gt ein Jahr, zu verstehen als Periode ab Wahl bis zum Ende der n&auml;chsten ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich. Der Pr&auml;sident hat bei Stimmengleichheit keinen Stichentscheid.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: justify"><P STYLE="margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
General Meeting shall elect from the members of the Board of Directors the Chairman. The term of office shall be one year, understood
to be the period</FONT> from the election until the end of the next ordinary General Meeting. Re-election is possible. The Chairman shall
have no casting vote.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Verwaltungsrat konstituiert sich selber, sofern das Gesetz oder die Statuten nichts anderes
                                            bestimmen. Er bezeichnet einen Sekret&auml;r; dieser braucht nicht dem Verwaltungsrat anzugeh&ouml;ren.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            Board of Directors shall constitute itself unless provided otherwise by law or the Articles
                                            of Association. It appoints a Secretary who does not need to be a member of the Board of
                                            Directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;F&auml;llt
                                            der Pr&auml;sident aus oder hat die Gesellschaft aus anderen Gr&uuml;nden keinen handlungs-
                                            und funktionsf&auml;higen Pr&auml;sidenten, so ernennt der Verwaltungsrat eines seiner Mitglieder
                                            zum Pr&auml;sidenten bis zur n&auml;chsten ordentlichen Generalversammlung; die Einberufung
                                            einer Generalversammlung nach Art. 726 Abs. 2 OR bleibt vorbehalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
                                            the Chairman is not available to continue to hold office or if the Company does not have
                                            a Chairman capable of acting and of holding office for other reasons, then the Board of Directors
                                            shall appoint one of its members as Chairman until the next ordinary General Meeting; the
                                            calling of a General Meeting in accordance with Art. 726 para. 2 CO is reserved.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><B>Artikel
                                            19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Zust&auml;ndigkeit
                                            und Delegation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat hat die Oberleitung der Gesellschaft sowie die Aufsicht &uuml;ber die Gesch&auml;ftsleitung. Er vertritt die Gesellschaft
    gegen&uuml;ber Dritten und kann in allen Angelegenheiten Beschluss fassen, welche nicht gem&auml;ss Gesetz, Statuten oder Organisationsreglement
    einem anderen Organ zugewiesen sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><B>Article&nbsp;19&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ultimate
                                            Direction, Delegation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors is entrusted with the ultimate direction of the Company as well as the supervision of the management. It represents
    the Company towards third parties and attends to all matters which are not delegated to or reserved for another corporate body of
    the Company by law, the Articles of Association or the regulations.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Verwaltungsrat kann aus seiner Mitte Aussch&uuml;ssen bestellen oder einzelne Mitglieder
                                            bestimmen, welche mit der Vorbereitung und/oder Ausf&uuml;hrung seiner Beschl&uuml;sse oder
                                            der &Uuml;berwachung bestimmter Gesch&auml;fte betraut sind. Der Verwaltungsrat erl&auml;sst
                                            hierzu die notwendigen organisatorischen Weisungen. Mit Ausnahme der un&uuml;bertragbaren
                                            Befugnisse kann der Verwaltungsrat die Gesch&auml;ftsf&uuml;hrung ganz oder teilweise an
                                            ein Mitglied oder mehrere Mitglieder des Verwaltungsrats oder an andere nat&uuml;rliche Personen,
                                            welche keine Aktion&auml;re zu sein brauchen, &uuml;bertragen. Der Verwaltungsrat erl&auml;sst
                                            hierzu die notwendigen Organisationsreglemente und erstellt die erforderlichen Vertragsdokumente.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            Board of Directors may delegate preparation and/or implementation of its decisions and supervision
                                            of the business to committees or to individual members of the Board of Directors. The organizational
                                            regulations will be defined by the Board of Directors. While reserving its non-transferable
                                            powers, the Board of Directors may further delegate the management of the business or parts
                                            thereof to one or more members of the Board of Directors or other natural persons who need
                                            not be shareholders. The Board of Directors shall record all such arrangements in a set of
                                            regulations for the Company and set up the necessary contractual framework.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><B>Artikel
                                            20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Einzelne Befugnisse</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Der Verwaltungsrat hat folgende un&uuml;bertragbare
    und unentziehbare Befugnisse:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><B>Article&nbsp;20&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Duties</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board of Directors has the following
    non-transferable and inalienable duties:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Oberleitung der Gesellschaft und die Erteilung der n&ouml;tigen Weisungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            ultimately oversee the Company and issue the necessary directives;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Festlegung der Organisation;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            determine the organization;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Ausgestaltung des Rechnungswesens, der Finanzkontrolle sowie der Finanzplanung, sofern diese
                                            f&uuml;r die F&uuml;hrung der Gesellschaft notwendig ist;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            organize the accounting, the financial control, as well as the financial planning;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Ernennung und Abberufung der mit der Gesch&auml;ftsf&uuml;hrung und der Vertretung betrauten
                                            Personen, sowie die Erteilung der Zeichnungsberechtigungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            appoint and remove the persons entrusted with the management and representation of the Company
                                            and to grant signatory power;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Oberaufsicht &uuml;ber die mit der Gesch&auml;ftsf&uuml;hrung und der Vertretung betrauten
                                            Personen, namentlich im Hinblick auf die Befolgung der Gesetze, Statuten, Reglemente und
                                            Weisungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            ultimately supervise the persons entrusted with the management, in particular with respect
                                            to compliance with the law and with the Articles of Association, regulations and directives;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Erstellung des Gesch&auml;ftsberichtes, des Verg&uuml;tungsberichtes, des Berichts &uuml;ber
                                            nichtfinanzielle Belange und weitere Berichte, welche zwingend vom Verwaltungsrat zu genehmigen
                                            sind sowie die Vorbereitung der Generalversammlung und die Ausf&uuml;hrung ihrer Beschl&uuml;sse;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            prepare the business report, the compensation report</FONT>, the report on non-financial
                                            matters and other reports that are subject to mandatory approval by the Board of Directors,
                                            as well as the General Meeting and to implement the latter&rsquo;s resolutions;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            </FONT>Einreichung eines Gesuchs um Nachlassstundung und die Benachrichtigung des Gerichts
                                            im Falle der &Uuml;berschuldung;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            </FONT>file a motion for debt-restructuring moratoria and to inform the court in the event
                                            of over-indebtedness;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Beschlussfassung &uuml;ber die nachtr&auml;gliche Liberierung von nicht vollst&auml;ndig
                                            liberierten Aktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            pass resolutions regarding the subsequent payment of capital with respect to non-fully paid-in
                                            shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
                                            Beschlussfassung &uuml;ber die Durchf&uuml;hrung von Kapitalver&auml;nderungen, soweit diese
                                            in der Kompetenz des Verwaltungsrates liegen, sowie die Feststellung von Kapitalver&auml;nderungen
                                            und die entsprechenden Statuten&auml;nderungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            pass resolutions to implement changes in share capital, to the extent these are within the
                                            powers of the Board of Directors, as well as confirming changes in share capital and regarding
                                            the amendments to the Articles of Association entailed thereby;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&Uuml;berwachung
                                            der Fachkenntnisse der Spezialrevisionsstelle in den F&auml;llen, in denen das Gesetz den
                                            Einsatz einer solchen vorsieht; und</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-indent: -29.7pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
                                            examine the professional qualifications of the specially qualified Auditors in the cases
                                            in which the law foresees the use of such Auditors; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-indent: -29.7pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>alle
                                            weiteren durch das Gesetz vorgesehenen un&uuml;bertragbaren und unentziehbaren Aufgaben des
                                            Verwaltungsrats.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
    other non-transferable and inalienable duties of the Board of Directors provided for by law.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Verg&uuml;tungsausschuss</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verg&uuml;tungsausschuss besteht aus mindestens 3 Mitgliedern. Die Generalversammlung w&auml;hlt aus den Mitgliedern des Verwaltungsrats
    die Mitglieder des Verg&uuml;tungsausschusses.</FONT> Die Amtsdauer betr&auml;gt ein Jahr, zu verstehen als Periode ab Wahl bis zum
    Ende der n&auml;chsten ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;21&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Compensation
                                            Committee</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
    Compensation Committee shall consist of at least 3 members. The General Meeting shall elect from the members of the Board of Directors
    the members of the Compensation Committee. The term of office is one year, understood to be the period from the election to the end
    of the next ordinary General Meeting. Re-election is possible.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Jedes
                                            Mitglied des Verg&uuml;tungsausschusses hat die anwendbaren Unabh&auml;ngigkeitsanforderungen
                                            der New York Stock Exchange zu erf&uuml;llen, wie sie vom Verwaltungsrat nach billigem Ermessen
                                            interpretiert werden. Zur Konkretisierung dieser Anforderungen kann der Verwaltungsrat kategorische
                                            Unabh&auml;ngigkeitsstandards festsetzen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
                                            member of the Compensation Committee shall satisfy the applicable independence requirements
                                            of the New York Stock Exchange, as such requirements are interpreted by the Board of Directors
                                            in its reasonable judgment. The Board of Directors may adopt categorical independence standards
                                            in order to specify these requirements.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Verg&uuml;tungsausschuss hat folgende Befugnisse und Zust&auml;ndigkeiten:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Festlegung und &Uuml;berwachung der Verg&uuml;tungspolitik der Gesellschaft f&uuml;r F&uuml;hrungskr&auml;fte;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    periodische Beurteilung der Verg&uuml;tungsstruktur der Gesellschaft f&uuml;r die Mitglieder der Gesch&auml;ftsleitung und, wo der
    Verg&uuml;tungsausschuss die Aufnahme in die Beurteilung als angemessen erachtet, anderer leitender Mitarbeiter;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Genehmigung der Verg&uuml;tung (i)&nbsp;des Chief Executive Officers und (ii)&nbsp;des Pr&auml;sidenten des Verwaltungsrats (sofern
    der Pr&auml;sident nicht auch der Chief Executive Officer ist), und, sofern angemessen, die Empfehlung an die unabh&auml;ngigen Mitglieder
    des Verwaltungsrats, diese Verg&uuml;tung zu best&auml;tigen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            Compensation Committee shall have the following powers and responsibilities:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to
    establish and oversee the Company's executive compensation policies;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    periodically assess the Company&rsquo;s pay structure for the members of Executive Management and, where it deems their inclusion
    in such assessment is appropriate, other senior officers;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    approve the compensation of (i)&nbsp;the chief executive officer and (ii)&nbsp;the Chairman of the Board of Directors (if the Chairman
    is not also the chief executive officer), and, if appropriate, to recommend such compensation to the independent members of the Board
    for ratification;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"></TD></TR></TABLE>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; padding-left: 62.5pt; text-align: justify; text-indent: -27pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die &Uuml;berpr&uuml;fung der Empfehlungen des Chief Executive Officers betreffend die Verg&uuml;tung der anderen Mitglieder der Gesch&auml;ftsleitung sowie gegebenenfalls anderer leitender Mitarbeiter und die Festsetzung der angemessenen H&ouml;he der Verg&uuml;tung;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 46%; padding-left: 60.8pt; text-align: justify; text-indent: -27pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to review the chief executive officer's recommendations regarding the compensation of the other members of Executive Management and other senior officers (if applicable) and to determine appropriate compensation levels;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 62.5pt; text-align: justify; text-indent: -27pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 60.8pt; text-align: justify; text-indent: -27pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Empfehlung der Gesamtverg&uuml;tungen der Mitglieder der Gesch&auml;ftsleitung, die der Generalversammlung gem&auml;ss Art. 25 zur Genehmigung
    vorzulegen sind, zuhanden des Verwaltungsrats;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    recommend to the Board of Directors the total aggregated amounts of compensation for the members of Executive Management to be submitted
    for approval by the General Meeting pursuant to Article&nbsp;25;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    &Uuml;berpr&uuml;fung und Genehmigung von Arbeitsvertr&auml;gen des Chief Executive Officers, der anderen Mitglieder der Gesch&auml;ftsleitung
    und, wo der Verg&uuml;tungsausschuss die Aufnahme in die &Uuml;berpr&uuml;fung und Genehmigung als angemessen erachtet, anderer leitender
    Mitarbeiter der Gesellschaft;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    review and approve employment agreements of the chief executive officer, the other members of Executive Management and, where the Compensation
    Committee deems their inclusion in such review and approval is appropriate, other senior officers of the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.65pt; text-align: justify; text-indent: -27.35pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    &Uuml;berpr&uuml;fung und Empfehlung des Inhalts des Verg&uuml;tungsberichts zuhanden des Verwaltungsrates, und die &Uuml;berpr&uuml;fung
    und Genehmigung des Berichts, welcher gem&auml;ss den Bestimmungen der U.S. Securities and Exchange Commission im j&auml;hrlichen Proxy
    Statement der Gesellschaft enthalten sein muss;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    review and recommend to the Board of Directors the contents of the compensation report, and to review and approve the report required
    by the rules&nbsp;of the U.S. Securities and Exchange Commission to be included in the Company's annual proxy statement;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 62.65pt; text-align: justify; text-indent: -27.35pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;sonstige Aufgaben und Zust&auml;ndigkeiten, welche ihm die Statuten oder der Verwaltungsrat im Reglement des Verg&uuml;tungsausschusses oder anderweitig zuweisen.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 60.8pt; text-align: justify; text-indent: -27pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;any other duties and responsibilities which are assigned to it by the Articles of Association or by the Board of Directors in its charter or otherwise.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 62.65pt; text-align: justify; text-indent: -27.35pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 60.8pt; text-align: justify; text-indent: -27pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der Verg&uuml;tungsausschuss hat die Befugnis, Verg&uuml;tungsberater, unabh&auml;ngige Rechtsberater oder andere Berater beizuziehen.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Compensation Committee shall have the authority to retain any compensation consultant, independent legal counsel or other adviser.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der Verwaltungsrat bestimmt unter den Mitgliedern des Verg&uuml;tungsausschusses dessen Vorsitzenden und erl&auml;sst ein Reglement f&uuml;r den Verg&uuml;tungsausschuss. Er kann ihm zus&auml;tzliche Aufgaben zuweisen sowie die statutarischen Aufgaben und Zust&auml;ndigkeiten spezifizieren.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; text-indent: -29.7pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors shall appoint among the members of the Compensation Committee its chairman and adopt regulations for the Compensation
    Committee. It may assign additional duties and responsibilities to it and specify the duties and responsibilities contained in the Articles
    of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ist
    der Verg&uuml;tungsausschuss mit weniger als 3 handlungs- und funktionsf&auml;higen Mitgliedern besetzt, so ernennt der Verwaltungsrat
    ad interim unter seinen Mitgliedern im entsprechenden Umfang Mitglieder des Verg&uuml;tungsausschlusses bis zur n&auml;chsten ordentlichen
    Generalversammlung; die Einberufung einer Generalversammlung nach Art.&nbsp;726 Abs. 2 OR bleibt vorbehalten.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
                                            the Compensation Committee consists of less than 3 members capable of acting and holding
                                            office, then the Board of Directors shall appoint among its members, to the extent required,
                                            members of the Compensation Committee until the next ordinary General Meeting; the calling
                                            of a General Meeting in accordance with Art. 726 para. 2 CO is reserved.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>C.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Revisionsstelle
    und Spezialrevisionsstelle</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>C.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Auditors
    and Special Auditor</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Amtsdauer, Befugnisse
                                            und Pflichten</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article&nbsp;22&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ter</B></FONT><B>m,
                                            Powers and Duties</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.75pt; text-align: justify; text-indent: -29.75pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Revisionsstelle wird von der Generalversammlung gew&auml;hlt. Rechte und Pflichten der Revisionsstelle
                                            bestimmen sich nach den gesetzlichen Vorschriften.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            Auditors shall be elected by the General Meeting and shall have the powers and duties vested
                                            in them by law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Generalversammlung kann eine Spezialrevisionsstelle ernennen, welche die vom Gesetz f&uuml;r
                                            Kapitalerh&ouml;hungen mit Sacheinlage oder Verrechnungsliberierung verlangten Pr&uuml;fungsbest&auml;tigungen
                                            abgibt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
                                            General Meeting may appoint a special auditing firm entrusted with the examinations required
                                            by applicable law in connection with share capital increases against contribution in kind
                                            or set-off.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Amtsdauer der Revisionsstelle und (falls eingesetzt) der Spezialrevisionsstelle betr&auml;gt
                                            ein Jahr. Die Amtsdauer beginnt mit dem Tag der Wahl und endet mit der ersten darauffolgenden
                                            ordentlichen Generalversammlung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            term of office of the Auditors and (if appointed) the special auditors shall be one year.
                                            The term of office shall commence on the day of election, and shall terminate on the first
                                            annual ordinary General Meeting following their election.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IV.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Verg&uuml;tungen
    und damit im Zusammenhang stehende Bestimmungen</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IV.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Compensation
    and Related Provisions</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Artikel
    23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Verg&uuml;tungselemente</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Elements
                                            of Compensation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Mitglieder des Verwaltungsrates erhalten eine fixe Verg&uuml;tung. In besonderen F&auml;llen
                                            und nach vorg&auml;ngiger Genehmigung durch die Generalversammlung kann der Verwaltungsrat
                                            einen zus&auml;tzlichen Ermessensbonus erhalten. Der Verwaltungsrat oder einer seiner Aussch&uuml;sse
                                            kann bestimmen, dass die fixe Verg&uuml;tung aller oder einzelner Mitglieder des Verwaltungsrats
                                            teilweise oder ganz in der Form&nbsp;von Aktien ausbezahlt wird, die entweder frei handelbar
                                            oder f&uuml;r einen bestimmten Zeitraum f&uuml;r den Handel gesperrt sind. Solche Aktien
                                            sind zu ihrem Fair Value am Zuteilungsdatum zu bewerten, wie vom Verwaltungsrat oder Verg&uuml;tungsausschuss
                                            festgelegt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            members of the Board of Directors shall receive fixed compensation. In exceptional cases
                                            the Board of Directors may receive an additional discretionary bonus upon prior approval
                                            by the General Meeting.</FONT> The Board of Directors or a committee thereof may determine
                                            that the fixed compensation of all or individual members of the Board of Directors be paid
                                            in part or in full in the form of shares that are either freely tradable or blocked for trading
                                            for a specific period. Such shares shall be valued at their fair value at the date of grant
                                            as determined by the Board of Directors or the Compensation Committee.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Mitglieder der Gesch&auml;ftsleitung erhalten eine fixe Verg&uuml;tung bestehend aus einer
                                            Grundverg&uuml;tung und gewissen weiteren Zahlungen und Leistungen aus dem Arbeitsverh&auml;ltnis
                                            sowie eine variable Verg&uuml;tung in bar und/oder Beteiligungsrechte gem&auml;ss Art. 24.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            members of the Executive Management shall receive fixed c</FONT>ompensation consisting of
                                            a base salary and certain other employment payments and benefits, as well as variable compensation
                                            in cash and/or equity pursuant to Article&nbsp;24.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Rechtseinheiten,
                                            die durch die Gesellschaft direkt oder indirekt kontrolliert werden, d&uuml;rfen Verg&uuml;tungen
                                            an die Mitglieder des Verwaltungsrates oder der Gesch&auml;ftsleitung f&uuml;r deren Dienste
                                            ausrichten, sofern solche Verg&uuml;tungen durch einen genehmigten Gesamtbetrag oder einen
                                            Zusatzbetrag nach Art. 25 gedeckt sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Legal
                                            entities which are directly or indirectly controlled by the Company may pay compensation
                                            to members of the Board of Directors or of the Executive Management for their services, provided
                                            that such compensation is covered by an approved aggregate amount or an additional amount
                                            pursuant to Article&nbsp;25.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Insbesondere
                                            die folgenden Leistungen gelten nicht als Verg&uuml;tungen, Darlehen oder Kredite und werden
                                            nicht zu den Betr&auml;gen hinzugez&auml;hlt, die gem&auml;ss Art. 25 der Genehmigung durch
                                            die Generalversammlung unterliegen:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Auslagenersatz
    und steuerlich abzugsf&auml;hige Spesenpauschalen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Pr&auml;mien
    f&uuml;r Versicherungen, die nach Beurteilung des Verg&uuml;tungsausschusses im Interesse der Gesellschaft liegen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
                                            particular, the following items are not deemed compensation, loans or credits and shall not
                                            be added to the amounts subject to approval according to Article&nbsp;25:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Reimbursement
    of expenses and tax-deductible lump-sum expenses;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;premiums
    for insurance which are in the view of the Compensation Committee entered into in the interest of the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Geringf&uuml;gige
    Sachleistungen, allgemeine Mitarbeiterverg&uuml;nstigungen und andere &auml;hnliche Fringe Benefits; &nbsp;</P>
    <P STYLE="margin: 0">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Entsch&auml;digungen,
    Vorsch&uuml;sse und Versicherungen gem&auml;ss Art.&nbsp;23 lit. e). &nbsp;</P>



    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Soweit
    es das Gesetz zul&auml;sst, werden die gegenw&auml;rtigen und fr&uuml;heren Mitglieder des Verwaltungsrates sowie der Gesch&auml;ftsleitung
    aus dem Gesellschaftsverm&ouml;gen schadlos gehalten f&uuml;r Forderungen, Kosten, Verluste, Sch&auml;den, Bussen, und sonstige Auslagen,
    welche ihnen im Zusammenhang mit ihrer T&auml;tigkeit f&uuml;r die Gesellschaft entstanden sind bzw. gegen diese erhoben worden sind
    oder m&ouml;glicherweise entstehen bzw. gegen diese erhoben werden, es sei denn, ein rechtskr&auml;ftiger Entscheid eines Gerichts
    oder einer anderen Beh&ouml;rde stelle fest, dass die betreffende Person die obgenannten Auslagen und Verpflichtungen aufgrund einer
    vors&auml;tzlichen oder grobfahrl&auml;ssigen Pflichtverletzung verursacht hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify">&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -0.7pt">Unabh&auml;ngig
    von vorstehender Bestimmung schiesst die Gesellschaft den Mitgliedern des Verwaltungsrats sowie der Gesch&auml;ftsleitung die im
    Zusammenhang mit oben erw&auml;hnten Angelegenheiten entstehenden Gerichts- und Anwaltskosten vor. Ausgenommen sind jene F&auml;lle,
    in denen die Gesellschaft selbst gegen die betreffenden Personen vorgeht. Die Gesellschaft kann die aufgewendeten Auslagen zur&uuml;ckfordern,
    wenn ein Gericht oder eine andere zust&auml;ndige Beh&ouml;rde rechtskr&auml;ftig feststellt, dass die betreffende Person gegen&uuml;ber
    der Gesellschaft eine Pflichtverletzung begangen hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: 0.3pt">Die Gesellschaft
    kann Versicherungen gegen jegliche Haftung, die gegen die Mitglieder des Verwaltungsrates und die leitenden Angestellten in ihrer
    Eigenschaft als solche geltend gemacht wird, abschliessen und aufrechterhalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;insignificant
    benefits in kind, general employee benefits and other similar fringe benefits; &nbsp;</P>
    <P STYLE="margin: 0">&nbsp;</P>
    <P STYLE="margin: 0">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;indemnification,
    advances and insurances according to Article&nbsp;23(e).</P>



    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company shall indemnify and hold harmless, to the fullest extent permitted by law, each of the current and former members of the
    Board of Directors and officers out of the assets of the Company from and against all actions, costs, charges, losses, damages and
    expenses which they or any of them have incurred or sustained or may incur or sustain by or by reason of any act done, concurred
    in or omitted in or about the execution of their duty, or supposed duty on behalf of the Company; provided that this indemnity shall
    not extend to any matter in which any of said persons is found, in a final judgement or decree not subject to appeal, to have committed
    fraud or dishonesty.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Without
    limiting the foregoing paragraph, the Company shall advance court costs and attorney's fees to such</FONT> current and former members
    of the Board of Directors and officers, except in cases where the Company itself is plaintiff. The Company may however recover such
    advanced cost if a court or another competent authority holds that the member of the Board of Directors or the officer in question
    has breached its duties to the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Company may purchase and maintain insurance </FONT>against any liability asserted against the members of the Board of Directors and
    officers in their capacity as such.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Im
    Rahmen dieses Abschnitts IV umfasst der Begriff &quot;Gesch&auml;ftsleitung&quot; auch jedes Mitglied des Verwaltungsrats, welches
    gleichzeitig ein Mitglied der Gesch&auml;ftsleitung ist (Delegierte des Verwaltungsrats).</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Within
                                            this section IV, the term &quot;Executive Management&quot; shall also encompass any member
                                            of the board of directors who is a member of the Executive Management at the same time (Managing
                                            Director).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Artikel
    24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Anreiz- und Beteiligungspl&auml;ne</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.85pt; font-size: 10pt; text-align: justify; text-indent: -33.85pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.85pt; font-size: 10pt; text-align: justify; text-indent: -33.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article&nbsp;24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Incentive
    and Equity Plans</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.85pt; font-size: 10pt; text-align: justify; text-indent: -33.85pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.85pt; font-size: 10pt; text-align: justify; text-indent: -33.85pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
                                            Verg&uuml;tungen, die Mitgliedern der Gesch&auml;ftsleitung im Zusammenhang mit einem bestimmten
                                            Jahr bezahlt oder gew&auml;hrt werden, k&ouml;nnen aus einem Bonus in bar gem&auml;ss Art.
                                            24 lit. c) und aus Zuteilungen von Beteiligungsrechten (aktienbasierten Awards) mit langfristiger
                                            Anreizwirkung gem&auml;ss Art.&nbsp;24 lit. d) bestehen, zuz&uuml;glich gegebenenfalls Beitr&auml;gen
                                            des Arbeitsgebers f&uuml;r die Pensionskasse und Sozialversicherungen. In besonderen F&auml;llen
                                            und nach vorg&auml;ngiger Genehmigung durch die Generalversammlung k&ouml;nnen die Mitglieder
                                            der Gesch&auml;ftsleitung einen zus&auml;tzlichen Ermessensbonus erhalten. Des Weiteren kann
                                            der Verwaltungsrat oder der Verg&uuml;tungsausschuss bestimmen, dass die Mitglieder der Gesch&auml;ftsleitung
                                            berechtigt sind, am Mitarbeiterbeteiligungsplan der Gesellschaft teilzunehmen, welcher von
                                            der Generalversammlung mittels konsultativem oder bindendem Beschluss, wie nach anwendbarem
                                            Recht (inklusive den US-Wertschriftengesetzen) verlangt, genehmigt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
                                            compensation paid or granted to the members of the Executive Management in relation to a
                                            certain year may consist of a cash bonus pursuant to Article&nbsp;24(c)&nbsp;and long-term
                                            incentive equity awards pursuant to Article&nbsp;24(d), plus, if applicable, social security
                                            and pension plan contributions on the part of the employer. In exceptional cases the members
                                            of the Executive Management may receive an additional discretionary bonus upon prior approval
                                            by the General Meeting. Furthermore, the Board of Directors or the Compensation Committee
                                            may determine that the members of Executive Management are eligible to participate in the
                                            Company&rsquo;s employee share purchase plan that has been approved by the General Meeting
                                            by a binding or advisory vote as required by applicable law (including U.S. securities laws).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
                                            Verg&uuml;tungen beruhen auf Performancekriterien, welche die Performance der Gesellschaft
                                            und der Gruppe und/oder von deren Gesch&auml;ftseinheiten und/oder individuelle Zielen ber&uuml;cksichtigen.
                                            Der Verwaltungsrat oder der Verg&uuml;tungsausschuss setzen Performancekriterien, Zielwerte
                                            und deren Erreichung fest (wobei die Bestimmung von individuellen Zielen und deren Erreichung
                                            in Bezug auf jedes andere Mitglied der Gesch&auml;ftsleitung an den Chief Executive Officer
                                            delegiert werden kann). Wenn der Verwaltungsrat oder der Verg&uuml;tungsausschuss es als
                                            zweckm&auml;ssig erachtet, kann er auch Zuteilungen mit langfristiger Anreizwirkung gew&auml;hren,
                                            welche unabh&auml;ngig von der Erreichung von Zielen in der Vergangenheit an die zuk&uuml;nftige
                                            Performance gekn&uuml;pft sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
                                            compensation shall be based on performance criteria that take into account the performance
                                            of the Company and the group and/or operating units thereof, and/or individual targets. The
                                            Board of Directors or the Compensation Committee determines performance criteria, target
                                            levels, and their achievement (it being understood that the determination of individual targets
                                            and their achievement may be delegated to the chief executive officer in respect to any other
                                            member of Executive Management). If deemed appropriate, the Board of Directors or Compensation
                                            Committee may also grant long-term incentive awards that are linked to future performance
                                            independently from the achievement of targets in the past.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Bonus in bar wird unter Anwendung der obengenannten Kriterien und Rahmenbedingungen basierend
                                            auf Leistungen ausbezahlt, die grunds&auml;tzlich unter Zugrundelegung des einj&auml;hrigen
                                            Zeitraums gemessen werden, auf den sich der Bonus in bar bezieht.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            cash bonus is paid out based on achievements which are generally measured based on the one-year
                                            period to which the cash bonus relates, applying the above criteria and framework.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Umfang der Zuteilungen von Beteiligungsrechten (aktienbasierten Awards) mit langfristiger
                                            Anreizwirkung (long-term incentive) wird durch den Verwaltungsrat oder den Verg&uuml;tungsausschuss
                                            festgelegt. Er kann aus Aktienoptionen, Aktien mit Ver&auml;usserungssperre, Performance-Aktien
                                            und sonstigen Beteiligungsinstrumenten bestehen, die gem&auml;ss einem Beteiligungsplan zul&auml;ssig
                                            sind, welcher von der Generalversammlung mittels konsultativem oder bindendem Beschluss,
                                            wie vom anwendbaren Recht (inklusive den US-Wertschriftengesetzen) verlangt, genehmigt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    amount of long-term incentive equity awards granted shall be determined by the Board of Directors or the Compensation Committee and
    may consist of stock options, restricted stock, performance shares or any other equity instruments permitted by an equity plan that
    has been approved by the General Meeting by a binding or advisory vote as required by applicable law (including U.S. securities laws).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Zuteilungen
                                            von Beteiligungsrechten (aktienbasierte Awards) stellen grunds&auml;tzlich Verg&uuml;tungen
                                            im Jahr dar, in der gegebenenfalls die Performance zum Zwecke der Festlegung des Umfangs
                                            der Zuteilung gemessen wurde (d.h. wenn eine Zuteilung im Zusammenhang mit der Beurteilung
                                            der Performance im Vorjahr erfolgt, stellt diese Zuteilung Verg&uuml;tung in Bezug auf dieses
                                            Vorjahr dar), oder andernfalls Verg&uuml;tungen am Tag der Zuteilung dar. Sie sind grunds&auml;tzlich
                                            zu ihrem Fair Value am Zuteilungsdatum zu bewerten, wie vom Verwaltungsrat oder Verg&uuml;tungsausschuss
                                            festgelegt. Wenn der Verwaltungsrat oder der Verg&uuml;tungsausschuss es unter den gegebenen
                                            Umst&auml;nden als angemessen erachtet, kann er bestimmen, dass eine Zuteilung oder ein Teil
                                            einer Zuteilung eine Verg&uuml;tung in einem anderen Jahr darstellt und an einem anderen
                                            Datum bewertet wird (soweit dies nach anwendbarem Recht, inklusive den US-Wertschriftengesetzen,
                                            zul&auml;ssig ist).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
                                            equity awards generally constitute compensation for the year during which performance was
                                            measured in order to determine the size of the award, if applicable (i.e., if an award is
                                            granted in connection with review of prior-year performance, then such award shall constitute
                                            compensation with respect to such prior year), and otherwise at the date of grant. They shall
                                            be generally valued at their fair value at the date of grant as determined by the Board of
                                            Directors or the Compensation Committee. If the Board of Directors or the Compensation Committee
                                            deems it reasonable under the circumstances, it may determine that all or part of an award
                                            shall constitute variable compensation in a different year and be valued at a different date
                                            (to extent permitted by applicable law, including U.S. securities laws).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Verwaltungsrat oder der Verg&uuml;tungsausschuss ist autorisiert, die n&auml;heren Vorschriften
                                            und Bedingungen von variablen Verg&uuml;tungen zu spezifizieren, sei dies in Bonus- und Beteiligungspl&auml;nen,
                                            Arbeits- oder Zuteilungsvertr&auml;gen oder anderweitig. Sie bestimmen die Bedingungen der
                                            Gew&auml;hrung, der Unverfallbarkeit (Vesting), der Sperrung, der Aus&uuml;bung und des Verfalls
                                            von aktienbasierten Awards und k&ouml;nnen Mechanismen zur Anpassung oder R&uuml;ckforderung
                                            von variablen Verg&uuml;tungen vorsehen. Sie k&ouml;nnen insbesondere vorsehen, dass gewisse
                                            variable Verg&uuml;tungen oder deren &Auml;quivalent in bar w&auml;hrend einer Freistellung
                                            ausbezahlt oder gew&auml;hrt werden (wobei in diesem Fall die Ausrichtung auf dem im letzten
                                            Jahr bzw. in den letzten Jahren ausgerichteten durchschnittlichen Bonus bzw. Incentive oder
                                            dem Zielbonus bzw. -incentive basieren kann) und dass aktienbasierte Awards (i)&nbsp;im Falle
                                            eines Kontrollwechsels betreffend die Gesellschaft und (ii)&nbsp;im Falle der Beendigung
                                            der Anstellung eines Mitgliedes der Gesch&auml;ftsleitung unverfallbar werden (vesten) und
                                            Sperrfristen aufgehoben werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            Board of Directors or the Compensation Committee is authorized to specify any further terms
                                            and conditions of variable compensation, be it in bonus and equity incentive plans, employment
                                            or award agreements or otherwise. They shall determine grant, vesting, blocking, exercise
                                            and forfeiture conditions of any equity awards and may provide for mechanisms for adjustment
                                            or clawback of variable compensation. In particular, they may provide that certain variable
                                            compensation or their cash equivalent is paid or granted during garden leave (in which case
                                            the payout may be based on the average bonus or incentive paid in the last year(s)&nbsp;or
                                            on the target bonus or incentive), and that equity awards will vest and any blocking periods
                                            will be waived (i)&nbsp;in the event of a change in control regarding the Company and (ii)&nbsp;in
                                            the event of termination of employment of a member of the Executive Management.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Verwaltungsrat oder der Verg&uuml;tungsausschuss ist daf&uuml;r verantwortlich, f&uuml;r
                                            jedes Mitglied der Gesch&auml;ftsleitung das proportionale Verh&auml;ltnis der j&auml;hrlichen
                                            Grundverg&uuml;tung und der Komponenten der variablen Verg&uuml;tung zu bestimmen. Dies erfolgt
                                            unter Ber&uuml;cksichtigung der vorstehend umschriebenen Performancekriterien und individuellen
                                            Ziele und des proportionalen Verh&auml;ltnisses der Verg&uuml;tungsstruktur in vergleichbaren
                                            Unternehmen, welche den Aktion&auml;ren auf j&auml;hrlicher Basis mitgeteilt und ver&ouml;ffentlicht
                                            werden (wobei der Verwaltungsrat oder der Verg&uuml;tungsausschuss jedoch von der Norm oder
                                            den Praktiken anderer Gesellschaften abweichen kann, wenn er es f&uuml;r Zwecke des Gesch&auml;fts,
                                            der Rekrutierung oder der Mitarbeiterbindung f&uuml;r angemessen h&auml;lt). In &Uuml;bereinstimmung
                                            mit, und unter Vorbehalt von, Art.&nbsp;25 der Statuten darf die gesamte Verg&uuml;tung (einschlie&szlig;lich
                                            der festen und variablen Verg&uuml;tung), welche allen Mitgliedern der Gesch&auml;ftsleitung
                                            in Bezug auf ein Kalenderjahr ausgerichtet wird, in keinem Fall den Gesamtbetrag &uuml;bersteigen,
                                            welcher vorg&auml;ngig durch die Generalversammlung f&uuml;r die Verg&uuml;tung der Gesch&auml;ftsleitung
                                            f&uuml;r dieses Kalenderjahr genehmigt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            Board of Directors or the Compensation Committee shall be responsible for determining for
                                            each member of Executive Management the proportional balance of base annual salary and the
                                            components of variable compensation, following consideration of the performance criteria
                                            and individual targets described above, and the proportional balance of compensation structures
                                            at peer group companies that shall be published and disclosed to shareholders on an annual
                                            basis (provided the Board of Directors or Compensation Committee may deviate from the norm
                                            or other companies&rsquo; practices if it deems appropriate for business, recruitment or
                                            retention purposes). In accordance with, and subject to, Article&nbsp;25 below, in no event
                                            shall the aggregate compensation (including fixed and variable compensation) paid with respect
                                            to any calendar year to all members of Executive Management exceed the total aggregate amount
                                            previously approved by the General Meeting for the compensation of the Executive Management
                                            for such calendar year.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            25&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Genehmigung von Verg&uuml;tungen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    ordentliche Generalversammlung genehmigt jedes Jahr je den maximalen Gesamtbetrag:</P></TD>
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; width: 4%; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article&nbsp;25&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Approval
                                            of Compensation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
    </FONT>year the ordinary General Meeting shall approve separately the maximum aggregate amount each of:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;der
    Verg&uuml;tungen f&uuml;r den Verwaltungsrat bis zur n&auml;chsten ordentlichen Generalversammlung; und</FONT></TD>
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            compensation of the Board of Directors until the next ordinary general meeting; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;der
    Verg&uuml;tungen f&uuml;r die Gesch&auml;ftsleitung f&uuml;r das n&auml;chste Kalenderjahr.</FONT></TD>
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
                                            compensation of the Executive Management for the next calendar year.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Genehmigt
                                            die Generalversammlung einen</FONT> Gesamtbetrag nach Art. 25 lit. a) nicht, so ber&uuml;cksichtigt
                                            der Verwaltungsrat die Ergebnisse der Abstimmung, andere Aktion&auml;rsr&uuml;ckmeldungen
                                            sowie weitere Aspekte nach eigenem Ermessen und er kann anschliessend an einer nachfolgenden
                                            (ordentlichen oder ausserordentlichen) Generalversammlung einen neuen Antrag f&uuml;r einen
                                            solchen Gesamtbetrag stellen, und die Gesellschaft darf Verg&uuml;tungen unter Vorbehalt
                                            der nachtr&auml;glichen Genehmigung durch die Generalversammlung ausrichten. Der Verwaltungsrat
                                            darf auch Genehmigungsantr&auml;ge aufteilen, indem er Antr&auml;ge in Bezug auf einzelne
                                            Verg&uuml;tungselemente, k&uuml;rzere Zeitperioden oder einen engeren Personenkreis stellt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
                                            the General Meeting does not approve an aggregate amount pursuant to Article&nbsp;25(a),
                                            the Board of Directors shall consider the results of the vote, other shareholder feedback
                                            and other matters in its discretion and it may thereafter submit a new proposal for such
                                            aggregate amount at a subsequent (extraordinary or ordinary) General Meeting, and the Company
                                            may pay compensation subject to the subsequent approval. The Board of Directors may also
                                            split proposals for approval by submitting proposals in respect to particular elements of
                                            compensation, shorter periods of time, or a more limited group of persons.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Generalversammlung kann jederzeit eine nachtr&auml;gliche Erh&ouml;hung eines genehmigten
                                            Gesamtbetrags oder zus&auml;tzliche Betr&auml;ge f&uuml;r gewisse Verg&uuml;tungselemente
                                            genehmigen. Sie kann insbesondere einen m&ouml;glichen ausserordentlichen Bonus genehmigen,
                                            der auszurichten ist: (i)&nbsp;an den Verwaltungsrat in bar oder Aktien f&uuml;r in einer
                                            vorangehenden Periode geleistete ausserordentliche und zus&auml;tzliche Arbeit, oder (ii)&nbsp;an
                                            die Gesch&auml;ftsleitung f&uuml;r die Leistung im vorherigen Kalenderjahr ausserhalb und
                                            zus&auml;tzlich zu einem Bonus, der im Rahmen von Art. 25 lit. a) Ziff. 2 der Statuten ausgerichtet
                                            wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            </FONT>General Meeting may at any time approve a subsequent increase of an approved aggregate
                                            amount or approve additional amounts for certain elements of compensation. In particular,
                                            it may approve a possible extraordinary bonus payable (i)&nbsp;to the Board of Directors
                                            in cash or shares for extraordinary and additional work performed in a preceding period or
                                            (ii)&nbsp;to the Executive Management for the performance in the prior calendar year outside
                                            of and in addition to any bonus paid within the scope of Article&nbsp;25(a)(2)&nbsp;above.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Gesellschaft ist berechtigt, eine Verg&uuml;tung (einschliesslich Entsch&auml;digung f&uuml;r
                                            den Verlust von Verg&uuml;tung oder f&uuml;r finanzielle Nachteile im Zusammenhang mit dem
                                            Arbeitswechsel) an solche Mitglieder der Gesch&auml;ftsleitung zu bezahlen, die nach dem
                                            relevanten Genehmigungsbeschluss der Generalversammlung in die Gesch&auml;ftsleitung eintreten;
                                            dies selbst dann, wenn der durch die Generalversammlung bereits genehmigte Betrag nicht ausreichend
                                            ist. Diese Zusatzbetr&auml;ge m&uuml;ssen nicht durch die Generalversammlung genehmigt werden,
                                            sofern ihre Summe in jeder einzelnen relevanten Zeitspanne 40% des genehmigten maximalen
                                            Gesamtbetrags (vollst&auml;ndig, nicht pro rata temporis) der Verg&uuml;tung f&uuml;r die
                                            Mitglieder der Gesch&auml;ftsleitung f&uuml;r dieselbe Zeitspanne nicht &uuml;berschreitet,
                                            f&uuml;r welche die Genehmigung durch die Generalversammlung bereits erteilt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
                                            Company is authorized to pay compensation (including indemnification for loss of compensation
                                            or for financial disadvantages in connection with the change of employment) to such members
                                            of the Executive Management who after the relevant approval resolution by the General Meeting
                                            join the Executive Management, even if the total amount already approved by the General Meeting
                                            is not sufficient. These supplementary amounts do not need to be approved by the General
                                            Meeting, provided that their sum in each single relevant period of time does not exceed 40%
                                            of the approved maximum aggregate amount (in full not pro rata temporis) of the compensation
                                            of the members of the Executive Management for the same period of time for which approval
                                            by the General Meeting has already be obtained.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Eine
                                            &Uuml;berschreitung der genehmigten maximalen Gesamtbetr&auml;ge aufgrund von Wechselkursschwankungen
                                            ist unbeachtlich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Any
                                            excess of the approved maximum aggregate amounts due to exchange rate fluctuations shall
                                            be disregarded.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
                                            Verwaltungsrat unterbreitet den Verg&uuml;tungsbericht der Generalversammlung zur Konsultativabstimmung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors shall submit the compensation report to the General Meeting for a non-binding vote.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            26&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Zul&auml;ssige zus&auml;tzliche
                                            T&auml;tigkeiten</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ein
    Mitglied des Verwaltungsrats darf nicht mehr als die folgende Anzahl zus&auml;tzlicher Mandate (wie nachstehend definiert) halten:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article&nbsp;26&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Permitted
                                            Additional Activities</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
    member of the Board of Directors shall hold no more than the following numbers of additional mandates (as defined below):</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;bis
    zu 4 Mandate in b&ouml;rsenkotierten Gesellschaften;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;up
                                            to 4 mandates in publicly-traded companies;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;bis
    zu 10 Mandate in nichtkotierten Gesellschaften;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;up
                                            to 10 mandates in privately-held companies; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; font-size: 10pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;bis
    zu 10 Mandate in Stiftungen, Vereinen und &auml;hnlichen Rechtseinheiten (sofern sie ein Unternehmen mit wirtschaftlichem Zweck darstellen).</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;up
                                            to 10 mandates in foundations, associations and similar entities</FONT> (in each case to
                                            the extent they are an undertaking with an economic purpose).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Begrenzungen in Art. 26 lit. a) der Statuten gelangen auch f&uuml;r Mitglieder der Gesch&auml;ftsleitung
                                            zur Anwendung, wobei die maximale Anzahl zus&auml;tzlicher Mandate in b&ouml;rsenkotierten
                                            Unternehmen (Ziff. 1 vorstehend) jedoch bei 2 liegt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            limitations set forth in Article&nbsp;26(a)&nbsp;above shall also apply to members of the
                                            Executive Management provided, however, that the maximum number of additional mandates in
                                            publicly-traded companies (no. 1 above) shall be 2.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mandate,
                                            die in verschiedenen Rechtseinheiten ein und desselben Konzerns oder auf Anordnung der Gesellschaft
                                            oder einer anderen Rechtseinheit gem&auml;ss Art. 26 lit. a) der Statuten gehalten werden
                                            (einschliesslich in Vorsorgeeinrichtungen und Gemeinschaftsunternehmen), z&auml;hlen nicht
                                            als separate Mandate. Eine kurzfristige &Uuml;berschreitung der in diesem Artikel geregelten
                                            Begrenzungen ist zul&auml;ssig.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mandates
                                            held in different legal entities of the same group or by order of the Company or of another
                                            legal entity pursuant to Article&nbsp;26(a)&nbsp;above (including in pension funds and joint
                                            ventures) shall not count as separate mandates. It is admissible to exceed the limitations
                                            set forth in this Article&nbsp;for a short period of time.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ein
                                            &quot;Mandat&quot; im Sinne dieses Artikels ist die Mitgliedschaft im Verwaltungsrat, in
                                            der Gesch&auml;ftsleitung oder im Beirat, oder eine vergleichbare Funktion nach ausl&auml;ndischem
                                            Recht, eines Unternehmens mit wirtschaftlichem Zweck, mit Ausnahme der Gesellschaft und Rechtseinheiten,
                                            die durch die Gesellschaft kontrolliert werden oder diese kontrollieren.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">d</FONT>)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
                                            &quot;mandate&quot; within the meaning of this Article&nbsp;shall mean a mandate in the board
                                            of directors, the executive management or advisory board, or a comparable function under
                                            foreign law, of an undertaking with an economic purpose, except for the Company and any entity
                                            controlled by, or controlling, the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

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    <TD STYLE="padding-right: 3.5pt; padding-left: 0.83in; font-size: 10pt; text-indent: -0.83in; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Artikel 27&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Vereinbarungen mit der Gesch&auml;ftsleitung und dem Verwaltungsrat</B></FONT></TD>
    <TD STYLE="font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="text-indent: -0.83in; padding-right: 3.5pt; padding-left: 0.83in; width: 48%"><B>Article&nbsp;27&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Agreements with Executive Management and the Board of Directors</B> &nbsp;</TD></TR>
  </TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Dauer der Vertr&auml;ge, die den Verg&uuml;tungen f&uuml;r die Mitglieder des Verwaltungsrats
                                            zugrunde liegen, darf die Amtsdauer nicht &uuml;berschreiten. Arbeits- und Dienstleistungsvertr&auml;ge
                                            mit Mitgliedern der Gesch&auml;ftsleitung sind in der Regel unbefristet und k&ouml;nnen eine
                                            K&uuml;ndigungsfrist von bis zu 12 Monaten vorsehen. Falls der Verwaltungsrat oder einer
                                            seiner Aussch&uuml;sse zum Schluss gelangt, dass eine befristete Vertragsdauer angemessen
                                            ist, so &uuml;bersteigt diese nicht 12 Monate.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft kann mit Mitgliedern der Gesch&auml;ftsleitung entsch&auml;digte Konkurrenzverbote f&uuml;r eine Dauer von bis zu 2
    Jahren nach der Beendigung des Arbeitsverh&auml;ltnisses vereinbaren. Die Entsch&auml;digung, die pro Jahr des Konkurrenzverbots
    zu entrichten ist, betr&auml;gt maximal die Summe (i)&nbsp;der letzten j&auml;hrlichen Grundverg&uuml;tung des Mitglieds, (ii)&nbsp;des
    Durchschnitts der letzten drei tats&auml;chlichen Jahresboni des Mitglieds, und (iii)&nbsp;der Pr&auml;mienzahlungen f&uuml;r Kranken-
    und/oder Zahnversicherung basierend auf der Wahl des Mitglieds zur Zeit der Beendigung des Arbeitsverh&auml;ltnisses; vorausgesetzt,
    dass der Gesamtbetrag der f&uuml;r das Konkurrenzverbot auszuzahlenden Entsch&auml;digung nicht die Obergrenze nach Art. 735c Ziff.&nbsp;2
    OR &uuml;bersteigt. Zudem kann die Gesellschaft die Ausrichtung bestimmter Verg&uuml;tungselemente, die mit in der Vergangenheit
    erbrachten Leistungen eines Mitglieds im Zusammenhang stehen, vom Abschluss und der Einhaltung eines Konkurrenzverbots abh&auml;ngig
    machen, so insbesondere (i)&nbsp;die Ausrichtung eines pro rata Bonusbetrags f&uuml;r das Jahr, in welchem das Arbeitsverh&auml;ltnis
    mit dem Mitglied beendet wurde, basierend auf der Arbeitsdauer in diesem Jahr und dem Durchschnitt der letzten drei tats&auml;chlichen
    Jahresboni des Mitglieds, und (ii)&nbsp;das fortgesetzte Vesting von aktienbasierten Awards, die ab dem Zeitpunkt der Beendigung
    des Arbeitsverh&auml;ltnisses nicht gevestet (unverfallbar) sind, sowie, falls anwendbar, die fortgesetzte M&ouml;glichkeit, bestimmte
    aktienbasierte Awards (wie Optionen</FONT>) auszu&uuml;ben, beides gleich wie w&auml;hrend dem Arbeitsverh&auml;ltnis. Wenn jedoch
    bis zur Beendigung gem&auml;ss Art. 27 lit. a) eine Freistellung gew&auml;hrt wurde, wird der maximale Zeitraum von 2 Jahren (oder
    die maximale Entsch&auml;digung, die gest&uuml;tzt auf diesen Zeitraum berechnet wird) f&uuml;r ein entsch&auml;digtes Konkurrenzverbot
    entsprechend reduziert.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            term of agreements with the members of the Board of Directors regarding their compensation
                                            may not exceed the term of office. Any employment or service agreements of the members of
                                            the Executive Management are as a general rule&nbsp;without fixed term and may provide for
                                            notice periods of up to 12 months. If the Board of Directors or any of its Committees comes
                                            to the conclusion that a fixed term is appropriate, the fixed term shall not exceed 12 months.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company may enter into compensated non-competition agreements with members of the Executive Management with a duration of up to 2
    years after termination of the employment. The compensation payable for each year of the non-compete obligation shall not exceed
    the sum of (i)&nbsp;the last annual base salary of the member, (ii)&nbsp;the average of the member&rsquo;s last three actual annual
    bonuses, and (iii)&nbsp;health and/or dental premium payments based upon the member&rsquo;s elections in effect as of the termination;
    provided, however, that the aggregate amount of compensation payable for the non-compete obligation shall not exceed the limitation
    set forth in art. 735c ciph. 2 CO. Furthermore, the Company may condition the payment of certain compensation items related to a
    member's past services on the entering into and compliance with a non-competition agreement, including without limitation the payment
    of (i)&nbsp;a pro rata bonus amount for the year in which the member is terminated based upon time worked during such year and the
    average of the member&rsquo;s last 3 actual annual bonuses and (ii)&nbsp;continued vesting of the member&rsquo;s equity awards that
    are unvested as of the date of termination and, if applicable, continued ability to exercise the member's equity awards (such as
    options), each as during employment. If, however, any garden leave was granted until termination under Article&nbsp;27(a), then the
    maximum period of 2 years (or the maximum compensation that is calculated based on such period) for any compensated non-compete agreement
    shall be reduced accordingly.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 73pt; text-indent: -73pt"><B>Artikel
                                            28&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Vorsorgeleistungen</B></P>
                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 73pt; text-indent: -73pt"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft kann eine oder mehrere unabh&auml;ngige Vorsorgeeinrichtungen f&uuml;r die berufliche Vorsorge errichten oder sich solchen
    anschliessen. Arbeitgeberseitige Beitr&auml;ge an solche Vorsorgeeinrichtungen, nicht aber die von solchen Vorsorgeeinrichtungen
    ausgerichteten reglementarischen Leistungen, gelten als Bestandteil der Verg&uuml;tung. Aufgrund anwendbarer Regelungen (inklusive
    unter qualifizierten und nichtqualifizierten beitragsorientierten Pl&auml;nen) f&uuml;r die berufliche Vorsorge direkt vom Arbeitgeber
    ge&auml;ufnete bzw. ausgerichtete Vorsorgeleistungen werden gleich behandelt wie Beitr&auml;ge an und Leistungen von Vorsorgeeinrichtungen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;28&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Retirement
                                            Benefits</B></P>
                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company may establish one or more independent pension funds for occupational pension benefits or may join such funds. Contributions
    to such pension funds on the part of the employer, but not benefits which are paid out by such pension funds, are deemed part of
    the compensation. Retirement benefits accumulated or paid directly by the employer based on applicable regulations on occupational
    pension benefits (including under qualified and non-qualified defined contribution plans) are treated the same way as contributions
    to and benefits by pension funds.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Gesellschaft und ihre Tochtergesellschaften k&ouml;nnen Mitgliedern der Gesch&auml;ftsleitung
                                            anstelle oder zus&auml;tzlich zu den Leistungen nach Art. 28 lit. a) direkt Vorsorgeleistungen
                                            (wie Renten, Kauf von Krankenversicherungen und dgl.) ausserhalb der beruflichen Vorsorge
                                            in Aussicht stellen und nach ihrem Ausscheiden ausbezahlen. Solche Renten sollen pro Jahr
                                            die letzte an dieses Mitglied ausbezahlte j&auml;hrliche Grundverg&uuml;tung nicht &uuml;bersteigen.
                                            Bei Kapitalabfindungen wird der Wert einer Vorsorgeleistung aufgrund anerkannter versicherungsmathematischer
                                            Methoden ermittelt. Die Zahlung von &Uuml;berbr&uuml;ckungs- bzw. Zwischenleistungen zwischen
                                            Fr&uuml;hpensionierung und regul&auml;rem Rentenalter ist m&ouml;glich. Zudem k&ouml;nnen
                                            die Mitglieder der Gesch&auml;ftsleitung an den von der Gesellschaft unterhaltenen Krankenversicherungsprogrammen
                                            teilnehmen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Instead
                                            or in addition to benefits pursuant to Article&nbsp;28(a), the Company and its subsidiaries
                                            may directly offer retirement </FONT>benefits (such as pensions, purchase of health care
                                            insurances etc.) outside of the scope of occupational pension benefit regulations to members
                                            of the Executive Management and may pay them out after retirement. Such retirement benefits
                                            shall not exceed the last paid out annual base salary of the respective member per year.
                                            In the case of lump-sum settlements, the value of a pension shall be determined based on
                                            recognized actuarial methods. The payment of bridge or interim annuities between early retirement
                                            and the regular retirement age is possible. In addition, the members of the Executive Management
                                            may participate in the health plans maintained by the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 63pt; font-size: 10pt; text-indent: -63pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Artikel
    29&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Rechtsnatur</B></FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-indent: -63pt"><B>Article&nbsp;29&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Legal
                                            Nature</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.75pt; text-align: justify; text-indent: -33.75pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Die
    Bestimmungen dieses Abschnitts sind gesellschaftsrechtlicher Natur und begr&uuml;nden keine individuellen Leistungsanspr&uuml;che.</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The
                                            provisions of this section are of a company-law nature and do not create individual claims
                                            for benefits.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IV.a&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Sacheinlagen</B></FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IV.a&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Contribution
    in kind</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            29a&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Sacheinlagen</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Im Zusammenhang mit der Kapitalerh&ouml;hung
    vom 14. Januar 2016 sowie zwecks Fusion der William Investment Holding Corporation, New Jersey, USA, einer indirekten Tochtergesellschaft
    der Gesellschaft, mit The Chubb Corporation, New Jersey, USA, erwirbt die Gesellschaft von ACE Group Holdings,&nbsp;Inc., New York,
    USA, f&uuml;nf Schuldverschreibungen der ACE Group Holdings,&nbsp;Inc., New York, USA, in H&ouml;he von USD 3'000'000'000, USD 3'000'000'000,
    USD 1'500'000'000, USD 2'500'000'000 und USD 4'031'886'985.68 sowie von ACE INA Holdings Inc., Pennsylvania, USA, eine Schuldverschreibung
    der ACE INA Holdings Inc., Pennsylvania, USA, in H&ouml;he von USD 1'007'971'736.46 zu einem Gesamtwert von CHF 15'072'946'411.33.
    Im Gegenzug hat die Gesellschaft 127'772'962 Namenaktien der Gesellschaft mit einem Nennwert von CHF 24.15 an ACE Group Holdings,&nbsp;Inc.,
    New York, USA, und 9'178'490 Namenaktien der Gesellschaft mit einem Nennwert von CHF 24.15 an ACE INA Holdings Inc., Pennsylvania,
    USA, ausgegeben.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;29a&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Contribution
                                            in kind</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the capital increase dated
    14 January&nbsp;2016 and for the purpose of the merger of William Investment Holding Corporation, New Jersey, USA, an indirect subsidiary
    of the Company with The Chubb Corporation, New Jersey, USA, the Company acquires from ACE Group Holdings,&nbsp;Inc., New York, USA,
    five notes of ACE Group Holdings,&nbsp;Inc., New York, USA in the amount of USD 3,000,000,000, USD 3,000,000,000, USD&nbsp;1,500,000,000,
    USD 2,500,000,000, and USD 4,031,886,985.68, respectively, and from ACE INA Holdings Inc., Pennsylvania, USA, one note of ACE INA
    Holdings Inc., Pennsylvania, USA, in the amount of USD 1,007,971,736.46 at a total value of CHF 15,072,946,411.33. In return, the
    Company has issued 127,772,962 registered shares in the Company with a par value of CHF 24.15 each to ACE Group Holdings,&nbsp;Inc.,
    New York, USA, and 9,178,490 registered shares in the Company with a par value of CHF 24.15 each to ACE INA Holdings Inc., Pennsylvania,
    USA.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>V.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liquidation</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>V.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liquidation</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            30&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aufl&ouml;sung und
                                            Liquidation</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Generalversammlung kann jederzeit in &Uuml;bereinstimmung mit den gesetzlichen und statutarischen Bestimmungen die Aufl&ouml;sung
    und die Liquidation der Gesellschaft beschliessen.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;30&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Dissolution
                                            and Liquidation</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.75pt; text-align: justify; text-indent: -33.75pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting may at any time resolve the dissolution and liquidation of the Company in accordance with the provisions of the law
    and of the Articles of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.75pt; text-align: justify; text-indent: -33.75pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Liquidation wird durch den Verwaltungsrat besorgt, sofern sie nicht durch einen Beschluss
                                            der Generalversammlung anderen Personen &uuml;bertragen wird.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            liquidation shall be carried out by the Board of Directors to the extent that the General
                                            Meeting has not entrusted the same to other persons.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
                                            Liquidation ist gem&auml;ss Art. 742 ff. OR durchzuf&uuml;hren. Dabei k&ouml;nnen die Liquidatoren
                                            &uuml;ber das Verm&ouml;gen der Gesellschaft (einschliesslich Immobilien) durch privaten
                                            Rechtsakt verf&uuml;gen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
                                            liquidation of the Company shall take place in accordance with art. 742 et seq. of the Swiss
                                            Code of Obligations. The liquidators are authorized to dispose of the assets (including real
                                            estate) by way of private contract.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
                                            Verm&ouml;gen der aufgel&ouml;sten Gesellschaft wird nach Tilgung ihrer Schulden unter die
                                            Aktion&auml;re nach Massgabe der einbezahlten Betr&auml;ge verteilt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;After
                                            all debts have been satisfied, the net proceeds shall be distributed among the shareholders
                                            in proportion to the amounts paid-in.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VI.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mitteilungen
    und Sprache der Statuten</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VI.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notices
    and Language of the Articles of Association</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            31&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mitteilungen und
                                            Bekanntmachungen</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
    Schweizerische Handelsamtsblatt ist das offizielle Publikationsmittel der Gesellschaft.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;31&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Communications
                                            and Announcements</B></P>
                                                          <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    official means of publication of the Company shall be the &quot;Schweizerisches Handelsamtsblatt&quot;.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.75pt; text-align: justify; text-indent: -29.75pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mitteilungen
                                            an die Aktion&auml;re k&ouml;nnen stattdessen oder zus&auml;tzlich (i)&nbsp;per Brief an
                                            ihre im Aktienregister eingetragenen Adressen, der mit normaler Post verschickt wird, (ii)&nbsp;per
                                            E-Mail oder (iii)&nbsp;in einer anderen Form, die der Verwaltungsrat f&uuml;r angemessen
                                            h&auml;lt, verschickt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; font-size: 10pt; text-align: justify; text-indent: -29.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Communications
    to shareholders may instead or in addition be sent (i)&nbsp;by letter to their addresses entered in the share register sent by ordinary
    mail, (ii)&nbsp;by e-mail or (iii)&nbsp;in such other form as the Board of Directors may deem appropriate.</FONT></TD></TR>
</TABLE>

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    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Artikel
                                            32&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Sprache der Statuten</B></P>
                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Im Falle eines Widerspruchs zwischen der
    deutschen und jeder anderen Fassung dieser Statuten ist die deutsche Fassung massgeblich.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Article&nbsp;32&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Language
                                            of the Articles of Association</B></P>
                                                                      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of deviations between the German
    version of these Articles of Association and any version in another language, the German authentic text prevails.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
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<P STYLE="font-style: italic; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal; font-weight: normal">Z&uuml;rich,
17. Mai 2023 </FONT><FONT STYLE="font-size: 10pt; font-weight: normal">/ Zurich, 17 May&nbsp;2023</FONT></P>

<P STYLE="font-style: italic; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;</FONT></P>

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    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">/s/ Olivier Steimer</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">Olivier Steimer &nbsp; &nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>cb-20230517_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>cb-20230517_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
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<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139896551297968">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 17, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 17,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-11778<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Chubb Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000896159<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">98-0091805<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">V8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">Baerengasse
32<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Zurich<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCountry', window );">Entity Address, Country</a></td>
<td class="text">CH<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">8001<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">41 (0)43<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">456 76 00<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common
    Shares, par value CHF 24.15 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2024Member', window );">INA Senior Notes Due December 2024 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 0.30% Senior Notes due 2024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/24A<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2027Member', window );">INA Senior Notes Due June 2027 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/27<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2028Member', window );">INA Senior Notes Due March 2028 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 1.55% Senior Notes due 2028<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/28<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2029Member', window );">INA Senior Notes Due December 2029 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2029<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/29A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2031Member', window );">INA Senior Notes Due June 2031 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 1.40% Senior Notes due 2031<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/31<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2038Member', window );">INA Senior Notes Due March 2038 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 2.50% Senior Notes due 2038<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/38A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCountry">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>ISO 3166-1 alpha-2 country code.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCountry</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:countryCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
