<SEC-DOCUMENT>0001062993-25-001029.txt : 20250124
<SEC-HEADER>0001062993-25-001029.hdr.sgml : 20250124
<ACCEPTANCE-DATETIME>20250123173522
ACCESSION NUMBER:		0001062993-25-001029
CONFORMED SUBMISSION TYPE:	8-K12B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250123
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20250124
DATE AS OF CHANGE:		20250123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lithium Argentina AG
		CENTRAL INDEX KEY:			0001440972
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K12B
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38350
		FILM NUMBER:		25551082

	BUSINESS ADDRESS:	
		STREET 1:		DAMMSTRASSE 19
		CITY:			ZUG
		STATE:			V8
		ZIP:			6300
		BUSINESS PHONE:		778-656-5820

	MAIL ADDRESS:	
		STREET 1:		SUITE 300 - 900 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1E6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lithium Americas (Argentina) Corp.
		DATE OF NAME CHANGE:	20231004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LITHIUM AMERICAS CORP.
		DATE OF NAME CHANGE:	20180105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Western Lithium USA Corp
		DATE OF NAME CHANGE:	20140521
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K12B
<SEQUENCE>1
<FILENAME>form8k12b.htm
<DESCRIPTION>FORM 8-K12B
<TEXT>
<html>

<head>
    <title>Lithium Americas (Argentina) Corp.: Form 8-K12B - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="margin-bottom: 0pt; text-align: center;"><b><font size="5">UNITED STATES</font></b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b><font size="5">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
    <p style="margin-top: 0pt; text-align: center;">Washington, D.C. 20549</p>
    <p style="text-align: center;"><b><font size="5">Form 6-K</font></b></p>
    <p style="margin-bottom: 0pt; text-align: center;"><b>REPORT OF FOREIGN PRIVATE ISSUER</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>PURSUANT TO RULE 13a-16 OR 15d-16 </b></p>
    <p style="margin-top: 0pt; text-align: center;"><b>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </b></p>
    <p style="text-align: center;">For the month of: <b><u>January 2025</u></b></p>
    <p style="text-align: center;">Commission file number: <b><u>001-38350</u></b></p>
    <p style="margin-bottom: 0pt; text-align: center;"><b><font size="5"><u>Lithium Argentina AG</u></font></b></p>
    <p style="margin-top: 0pt; text-align: center;">(Translation of Registrant's name into English)</p>
    <p style="text-align: center;"><u><i><b>Dammstrasse 19, 6300 Zug, Switzerland<br></b></i></u>(Address of Principal Executive Office)</p>
    <p style="text-align: center;"><b><i>900 West Hastings Street, Suite 300,</i></b><br><b><i>Vancouver, British Columbia,</i></b><br><u><b><i>Canada V6C 1E5</i></b></u><br>(North American Mailing Address)</p>
    <p style="text-align: justify;">Indicate by check mark whether the registrant files or will file annual reports under cover:</p>
    <p style="text-align: center;">Form 20-F [X]&#160; &#160; &#160; &#160; &#160; Form 40-F&#160; [&#160; &#160;]</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: center;"><b>EXPLANATORY NOTE</b></p>
    <p style="text-align: justify;">On January 23, 2025, Lithium Americas (Argentina) Corp., a British Columbia corporation ("<b>LAAC</b>"), completed the previously disclosed plan of arrangement under the laws of the province of British Columbia (the "<b>Arrangement</b>") involving LAAC's continuation from the province of British Columbia into Zug, Canton of Zug, Switzerland as a Swiss share corporation (<i>Aktiengesellschaft</i>) under the name "Lithium Argentina AG" ("<b>Lithium Argentina</b>") and ceasing to be governed by the Business Corporations Act (British Columbia), as amended (the "<b>BCBCA</b>") resulting in the shareholders of LAAC continuing to hold all the issued and outstanding common registered shares of Lithium Argentina (the "<b>Continuation</b>").</p>
    <p style="text-align: justify;">The Arrangement was approved by LAAC's shareholders at a special shareholder's meeting held on January 17, 2025. The terms and conditions of the Arrangement were approved by final order of the Supreme Court of British Columbia, the Toronto Stock Exchange (the "<b>TSX</b>") and New York Stock Exchange (the "<b>NYSE</b>"). LAAC obtained authorization from the Registrar of Companies under section 308 of the BCBCA to continue the corporation under the laws of Switzerland pursuant to article 161 et seq. of the <i>Swiss Federal Act on International Private Law </i>and under articles 620 et seqq. of the <i>Swiss Code of Obligations</i>, as a Swiss share corporation domiciled in Zug, Canton of Zug, Switzerland.</p>
    <p style="text-align: justify;">Upon the Continuation becoming effective on January 23, 2025, LAAC shareholders continued to hold common registered shares with a nominal/par value per common share of US$0.01 of Lithium Argentina (each, a "<b>Continued Share</b>") with no further action by the shareholders. The number of Continued Shares issued and outstanding immediately following the completion of the Continuation remained the same as the number of common shares of LAAC ("<b>LAAC Shares</b>") that were issued and outstanding immediately before the Continuation being effective. The number of&#160; LAAC Shares a shareholder owned (or has rights to acquire) and the percentage ownership such shareholder had of LAAC immediately prior to the Continuation did not change as a result of the Continuation. Each pre-Continuation shareholder continued to hold that number of Continued Shares in Lithium Argentina that is equal to the number of LAAC Shares such shareholder hold in Lithium Argentina immediately prior to the effective time of the Continuation.</p>
    <p style="text-align: justify;"><font style="color: #212529; background-color: #ffffff;">The LAAC Shares were registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the "<b>Exchange Act</b>"). As a result of the Arrangement and Continuation, Lithium Argentina became a successor issuer to the LAAC under the Exchange Act and will succeed to the LAAC's reporting obligations thereunder. Pursuant to Rule 12g-3(a) promulgated under the Exchange Act, the Continued Shares are deemed to be registered under paragraph (b) of Section 12 of the Exchange Act.</font><font style="background-color: #ffffff;">&#160;</font><font style="color: #212529; background-color: #ffffff;">The LAAC Shares are listed for trading on the TSX and NYSE. After completion of the Arrangement, the Continuation and its name change, the Continued Shares will continue trading on the TSX and NYSE under the new symbol "LAR". This Form 6-K is being furnished by Lithium Argentina to the Securities and Exchange Commission as notice that Lithium Argentina is the successor issuer to LAAC under Rule 12g-3 of the Exchange Act, as required by Rule 12g-3(f).</font></p>
    <p style="text-align: justify;"><u><b>Description of Common Shares of Lithium Argentina AG</b></u></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The following description of Lithium Argentina's share capital is a summary. This summary is not complete and is qualified by reference to the provisions of the Swiss Code of Obligations ("<b>CO</b>") and is subject to the complete text of Lithium Argentina's articles of association (the "<b>Articles</b>"), which is filed as Exhibit 3.1, to this Current Report on Form 6-K. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><u><i><b>Share Capital</b></i></u></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Following the Continuation being effective, Lithium Argentina's (nominal) share capital (<i>Aktienkapital</i>) amounts to US$1,619,322.34, consisting of 161,932,234 Continued Shares with a nominal/par value per share of US$0.01 each as set forth in its Articles. The share capital is fully paid-in (which term, when used herein, means that the </font>entirety of such share's issue price has been fully paid to Lithium Argentina)<font style="background-color: #ffffff;">. Lithium Argentina has one class of shares outstanding, being the Continued Shares. The Continued Shares are not convertible into shares of any other class or series.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The CO provides three methods for increasing a company's share capital: (i) ordinary capital increase, (ii) increase within the capital band, and (iii) increase from conditional capital.</font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><u><i>Ordinary Capital Increase, Capital Band and Conditional Share Capital</i></u></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">While an ordinary capital increase requires a resolution by the general meeting of shareholders and must be carried out by the board of directors within six months of the respective general meeting in order to become effective. Under Swiss law, in the case of subscription and increase against payment of contributions in cash, a resolution passed by an absolute majority of the voting rights represented at the general meeting of shareholders is required. In the case of subscription and increase against contributions in kind, or to fund acquisitions in kind, or by way of set-off with a debt of Lithium Argentina, when shareholders' statutory subscription rights or advance subscription rights are limited or withdrawn, or where transformation of freely disposable equity into share capital is involved, a resolution passed by two-thirds of the voting rights represented at a general meeting of shareholders and the absolute majority of the nominal/ par value of the shares represented is required.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Further, the shareholders may authorize the board of directors, by a resolution passed by two-thirds of the voting rights represented at a general meeting of shareholders and the absolute majority of the nominal par value of the shares represented at such meeting (such qualified majority, "<b>Important Resolution</b>"), to increase the share capital by a specific aggregate nominal amount, up to a maximum of 50% of the share capital,</font></p>
    <ul style="padding-left: 0pt;" type="disc">
        <li style="margin-left: 27.6pt; text-align: justify; padding-left: 8.4pt;"><font style="background-color: #ffffff;">within the capital band (<i>Kapitalband</i>), </font>to be utilized by the board of directors within a period determined by the shareholders but not exceeding five years from the date of the shareholder approval;<font style="background-color: #ffffff;"> or </font></li>
        <li style="margin-left: 27.6pt; text-align: justify; padding-left: 8.4pt;"><font style="background-color: #ffffff;">from the conditional capital (<i>bedingtes Kapital</i>) </font>for the purpose of issuing shares in connection with, among other things, (i) option and conversion rights granted in connection with warrants and convertible instruments of the company or one of its subsidiaries or (ii) grants of rights to employees, members of the board of directors or consultants or its subsidiaries or other persons providing services to the company or a subsidiary to subscribe for new shares (conversion or option rights),</li>
    </ul>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">without further shareholders' approval, provided the company's articles of association delegate such authority to the board of directors (see section "<i>Capital Band</i>" and "<i>Conditional Capital</i>"). </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Lithium Argentina's Capital Band </i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Under Article 4 of the Articles, the board of directors of Lithium Argentina (the "<b>Board</b>") is authorized to conduct at any time until January 17, 2030, at the latest, once or several times an increase of the share capital to a upper limit of US$1,781,254.57 by issuing a maximum of 16,193,223 fully paid-in registered shares with a nominal value of US$0.01 each or to reduce the share capital down to a lower limit of US$1,457,390.11 by cancelling up to 16,193,223 fully paid-in shares. Within the capital band, the Board shall also be authorized to effect the increase/reduction of the share capital by increasing/reducing the par value of the existing Continued Shares or by a simultaneous reduction and re-increase of the share capital, in each case within the limits of the capital band. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">If the share capital increases as a result of an increase from conditional capital, the upper and lower limits of the capital band will increase in an amount corresponding to such increase in the share capital.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Within the capital band, shares may also, but not exclusively, be issued or cancelled in the event of a merger, consolidation (merger with one surviving entity), acquisition, public takeover or any other similar transaction (a "<b>Strategic Transaction</b>")</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">In the event of a share issuance within Lithium Argentina's capital band, the Board, as set forth in the Articles, will determine all relevant terms of the issuance, including the date of the issuance, the issuance price, the type of contribution, the beginning date for dividend entitlement, and, subject to the Articles and applicable Swiss law, the conditions for the exercise of subscription rights with respect to the issuance. After January 17, 2030, the capital band will be available to the Board for issuance of additional fully-paid in registered shares only if the authorization is reapproved by Lithium Argentina's shareholders. Shareholders may also approve a renewal or change to the capital band before such time.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">In the case of a share issuance based on Lithium Argentina's capital band, Lithium Argentina's shareholders have subscription rights to obtain newly issued registered shares in an amount proportional to the nominal/par value of the Continued Shares they already hold. However, the Board may withdraw or limit these subscription rights in the following circumstances:</font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_4"></a>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(a) if the issue price of the new shares is determined by reference to the market price;</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(b) for a Strategic Transaction or any acquisitions of companies, parts of companies or participations, royalty interests, real property, or for the financing of new investment projects of Lithium Argentina or its group companies, for the acquisition of products, intellectual property or licenses by or for investment projects of Lithium Argentina or any of its group companies, or, in each case, for the financing or refinancing of such transactions;</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(c) for participation of partners in the context of strategic partnerships;</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(d) for a capital raise in a fast and flexible manner or that serves to achieve a strategic objective of Lithium Argentina and that would not be possible without the exclusion of the subscription rights of existing shareholders, or only with great difficulty or delay, or on significantly less favorable terms;</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(e) for purposes of broadening the shareholder constituency of Lithium Argentina in certain financial or investor markets or for purposes of the participation of strategic partners including financial investors;</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(f) in connection with listing of new shares on domestic or foreign stock exchanges;</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(g) for purposes of granting an over-allotment option (Greenshoe) in a placement or sale of shares to the respective initial purchaser(s) or underwriter(s); or</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">(h) for the participation of members of the Board, members of the executive management, employees, contractors, consultants or other persons performing services for the benefit of Lithium Argentina or any of its group companies, including arrangers and investment banks.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Lithium Argentina's Conditional Capital </i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><u>Conditional Capital For Equity Incentive Plans </u></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Under Article 5 of the Articles, Lithium Argentina's share capital may be increased by a maximum amount of US$161,932.23 through the direct or indirect issuance of no more than 16,193,223 fully paid-in registered shares to the members of the Board and to the officers, employees, contractors or consultants of Lithium Argentina or any of its group companies, or other persons providing services to Lithium Argentina or any of its group companies (the "<b>Beneficiaries</b>"). The issuance of fully paid-in registered shares with a par value of US$ 0.01 each pursuant to Article 5 of the Articles may also occur as a result of the voluntary or automatic settlement, conversion or exercise of rights or the mandatory exercise of obligations to acquire new shares granted to, or im-posed on, respectively, any of the Beneficiaries. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Subscription and advance subscription rights of shareholders are excluded for this conditional capital increase. Any such issuance of new shares or voluntary, automatic or mandatory exercise of rights or obligations to acquire shares shall be under one or more plans, agreements, regulations or resolutions to be issued by the Board or, to the extent delegated to it, a committee of the Board. The Board will determine all details of the terms of issue, such as each amount of issue, date of dividend entitlement, and kind of contributions. Any such issuance of new shares may be made at a price per share below the applicable stock exchange price and any such rights or obligations to acquire shares may be granted or imposed on, respectively, below their intrinsic value.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><u>Conditional Capital For Financing Purposes</u></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Under the Articles, Lithium Argentina's share capital may be increased by a maximum amount of US$161,932.23 through the direct or indirect issuance of no more than 16,193,223 registered shares that are to be fully paid-in and have a par value of US$0.01 each, (i) further to the exercise of conversion, exchange, option, warrant, subscription or other rights to acquire shares, or (ii) through obligations to acquire shares that are or were granted to or imposed upon shareholders or third parties alone or in connection with bonds, notes, loans, options, warrants or other securities or contractual obligations of Lithium Argentina or any of its group companies (collectively, "<b>Financial</b> <b>Instruments</b>").</font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_5"></a>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Subscription rights of shareholders shall be excluded with respect to new shares issued in connection with the Financial Instruments. The then current owners of such Financial Instruments shall be entitled to acquire the new shares issued upon conversion, exchange or exercise of the Financial Instruments. The main terms of the Financial Instruments shall be determined by the Board.</font></p>
    <p style="text-align: justify;">The Board is authorized to limit or withdraw advance subscription rights of shareholders in connection with the issuance of Financial Instruments by Lithium Argentina or one of its group companies if (i) there is a valid reason pursuant to Articles 4(4) of the Articles as listed in the section "<i>Capital Band</i>" or (ii) the Financial Instruments are issued on appropriate terms or (iii) in connection with the 1.75% Convertible Senior Notes due 2027 as per the indenture (the "<b>Indenture</b>") dated December 6, 2021, as amended. If the advance subscription rights are neither granted directly nor indirectly by the Board, the following shall apply: (x) the Financial Instruments shall be issued on appropriate terms; and (y) the Financial Instruments may be converted, exchanged or exercised during a maximum period of 30 years from the date of the relevant issuance of or entry into the Financial Instruments.</p>
    <p style="text-align: justify;"><i>Subscription Rights and Advance Subscription Rights</i></p>
    <p style="text-align: justify;">According to the CO, if new shares of a company are issued - whether pursuant to shareholders' approving an increase of the ordinary share capital or the Board making use of the capital band or conditional capital - the existing shareholders will have subscription rights (or advance subscription rights with respect to the issuance of convertible or similar instruments) in relation to such shares or rights <i>pro rata</i> to the respective nominal/par value of their existing participation.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">If the general meeting of shareholders has approved the creation of the capital band and/or conditional capital, it may thereby delegate the decision whether to withdraw or limit the subscription rights </font>(or advance subscription rights with respect to the issuance of convertible or similar instruments) <font style="background-color: #ffffff;">for cause to the Board. Lithium Argentina's Articles provides for this delegation in respect to the issuance of new shares out of the capital band and </font>the conditional capital for financing purposes (see description above in sections <i>"Capital Band"</i> and <i>"Conditional Capital"</i>). Furthermore, the Articles set forth, that shareholders do not have subscription rights and advance subscription rights with respect to shares issued pursuant to Lithium Argentina's equity incentive plan out of the conditional share capital for equity incentive.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Repurchases and Purchases of Registered Shares</i></font></p>
    <p style="text-align: justify;">The CO imposes restrictions on a company's ability to hold or repurchase its own registered shares. Lithium Argentina and its subsidiaries may only repurchase own shares if sufficient freely distributable reserves are available. The total nominal value of all registered shares held by Lithium Argentina and its subsidiaries may not exceed 10% of Lithium Argentina's registered share capital. Pursuant to Swiss law, where shares are acquired in connection with a transfer restriction set out in the articles of association of a company, the foregoing upper limit is 20%. We currently do not have any transfer restriction in our Articles. Shares repurchased under such authorization will be cancelled at the next general meeting with the approval of shareholders holding a relative majority of the votes cast or, if the authorization is included in the capital band provision, upon the Board effecting the cancellation based on the authority granted to it in the capital band provision. Repurchased shares held by Lithium Argentina, or its subsidiaries do not carry any rights to vote at a shareholders meeting but are entitled to the economic benefits generally associated with such shares.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Other classes or Series of Shares</i></font></p>
    <p style="text-align: justify;">The Board may not create any new classes of shares with privileged voting rights unless approved by an Important Resolution. Further, following the Continuation, the Board may not create any new classes of shares with special rights or restrictions (other than rights which require an Important Resolution) unless the shareholders pass a special resolution approved by at least two-thirds of the represented share votes. <font style="background-color: #ffffff;">The Continued Shares are not convertible into shares of any other class or series or subject to redemption either by Lithium Argentina or by the holder of the Continued Shares.</font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_6"></a>
    <p style="text-align: justify;"><i><b>General Meetings of Shareholders </b></i></p>
    <p style="text-align: justify;">Under the CO and the Articles, the following powers, among others, are vested exclusively with Lithium Argentina's shareholders: amendment of the Articles; election and removal of the members of the Board, the chairperson of the Board, the members of the compensation committee, the statutory auditor and the independent voting representative; approval of the management report and the consolidated statements of account, if any; the adoption of resolutions on the use of the available earnings, in particular the declaration of dividends or the return of capital; and the release from liability of the members of the Board and the other management bodies.</p>
    <p style="text-align: justify;">Under the CO, Lithium Argentina must hold an annual general meeting of shareholders within six months after the end of its business year, f<font style="background-color: #ffffff;">or the purpose, among other things, of approving the annual (standalone and consolidated) financial statements and the annual business report, the annual election of the members of the Board and the chairman, the members of the compensation committee, and annually approving the maximum aggregate compensation payable to the Board and Lithium Argentina's executive management. In Lithium Argentina's case, this means the annual general meeting of shareholders is on or before the 30</font><sup>th</sup><font style="background-color: #ffffff;"> day of June. Annual general meetings of shareholders may be convened by the Board or, under certain circumstances, by the auditor. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Furthermore, Lithium Argentina may hold extraordinary general meeting upon the resolution of the Board or, under certain circumstances, by the auditor, the liquidators or the representatives of bondholders, if any, or if so resolved by a general meeting of shareholders or by individual shareholders. </font>Further, the Board must convene an extraordinary general meeting of shareholders and propose financial restructuring measures if, based on Lithium Argentina's annual stand-alone statutory balance sheet, half of its share capital and reserves are no longer covered by Lithium Argentina's assets (<i>Kapitalverlust</i>).</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Notice</i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Under Swiss law and the Articles, </font>notice of an annual general meeting of shareholders must be provided no less than 20 days before the scheduled meeting date, but, as Lithium Argentina is still subject to applicable Canadian and U.S. securities laws, Lithium Argentina will be required to send notice thereof in accordance with applicable Canadian and U.S. securities laws. The notice must contain the date, time, the form and, if applicable, the location of the general meeting as well as a clear description of the matters and business to be discussed and, in case of elections, the names of the nominated candidates. Further, the notice contains the motions of the Board and a short explanation thereof, the name and the address of the independent voting representative and any shareholder's motion that has been submitted with a short explanation thereof. In the case of an extraordinary general meeting requested by the shareholders (see "<i>Shareholder Requisitions and Shareholder Proposals</i>"), the Board shall convene a shareholders' meeting within 60 days of receipt of such request. According to the Articles, notice may, at the election of the Board, be published in the Swiss Official Gazette of Commerce and/or may be sent by ordinary mail, e-mail, or any other form the Board deems appropriate.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Except in the limited circumstances outlined below, resolutions cannot be passed at a general meeting of shareholders without proper notice. This restriction does not apply to proposals for convening an extraordinary general meeting of shareholders, initiating a special investigation (see "</font><i>Special Investigation"</i><font style="background-color: #ffffff;">, or electing an auditor at the request of a shareholder. Furthermore, no prior notice is required to bring motions related to items already on the agenda or for the discussion of matters on which no resolution is to be taken.</font></p>
    <p style="text-align: justify;">Under the CO, a meeting of shareholders for which a notice of meeting has been duly published may not be adjourned, except where the presence quorum set forth in the Articles (see section "<i>Presence Quorum</i>") is not met, in which case the meeting cannot be adjourned without publishing a new notice of the meeting.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Presence Quorum</i></font></p>
    <p style="text-align: justify;">While applicable Swiss law does not provide for attendance quorum in respect of shareholders' meetings, Lithium Argentina's Articles provide for quorum requirements. For resolutions to be passed at a shareholders' meeting, at least two shareholders entitled to vote, either in person or by proxy, must be present and collectively represent at least 5% of the issued shares entitled to vote at the meeting. <font style="background-color: #ffffff;">Under the CO, the Board has no authority to waive quorum requirements stipulated in the Articles.</font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_7"></a>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Venue</i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Under the Articles, meetings of shareholders may be held outside of Switzerland or in a hybrid format. Fully virtual shareholder meetings without a venue are also permitted until January 17, 2030. In the event Lithium Argentina holds a fully virtual shareholder meeting, it must ensure in accordance with Swiss law that shareholders will have the same rights participating electronically as they would have for an in-person meeting. The Board must ensure that the identity of the participants is verified, that votes are transmitted in real-time, that shareholders are able to submit motions and participate in discussions, and that voting results cannot be manipulated.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i>Shareholder Requisitions and Shareholder Proposals</i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The Articles provide shareholders with the right to submit shareholder proposals. Shareholders </font>holding, individually, or together with other shareholders with whom the proposal is made, 0.5% of Lithium Argentina's share capital or of the votes may request that items be placed on the agenda for the general shareholders' meeting and/or that motions relating to items on the agenda be included in the notice convening the meeting. Such requested motions and agenda items must be submitted to the Board in writing before the general shareholders' meeting to be included in the meeting notice and may be accompanied by a brief explanation, which the Board must include in the meeting notice to shareholders. The Articles provide that such advance notice must be given no later than three months before the anniversary date of Lithium Argentina's prior annual general meeting. If the Board refuses to accept such a request, the requesting shareholder(s) may seek to enforce their rights through the court. Furthermore, under Swiss law, at the meeting itself, any shareholder present may submit a motion concerning existing agenda items, including the nomination of a director where election of directors is on the agenda.</p>
    <p style="text-align: justify;">The CO and Articles provide shareholders the right to requisition shareholders' meetings, enabling shareholders holding, individually, or together with other shareholders, at least 5% of Lithium's share capital or of the voting rights to demand that the Board call a shareholders meeting. The shareholders' meeting shall be convened by the Board within 60 days of receipt of such a request.</p>
    <p style="text-align: justify;"><i>Annual Report and Auditor Report</i></p>
    <p style="text-align: justify;">Lithium Argentina's annual report, compensation report and auditors' report must be made available for inspection by the shareholders at least 20 days prior to the date of the annual general shareholders' meeting. Each shareholder is entitled to request delivery of a copy of these documents in due time if they are not made available electronically.</p>
    <p style="text-align: justify;"><i><b>Shareholder Rights</b></i></p>
    <p style="text-align: justify;"><i>Voting Rights</i></p>
    <p style="text-align: justify;">Under the Articles, each holder of Continued Shares is entitled to one vote per Continued Share. Abstentions, broker non-votes, and blank or invalid ballots shall be disregarded for purposes of establishing a majority. The Articles do not limit the number of registered shares that may be voted by a single shareholder.</p>
    <p style="text-align: justify;">To exercise voting rights at a general meeting of shareholders, a shareholder must be registered in the share register.</p>
    <p style="text-align: justify;">Treasury shares, whether o<font style="background-color: #ffffff;">wed by Lithium Argentina or one of its majority-owned subsidiaries, will not be entitled to vote at general meetings of shareholders.</font></p>
    <p style="text-align: justify;">There are currently no limitations under Swiss law or in the Articles restricting the rights of shareholders outside Switzerland to hold or vote Continued Shares.</p>
    <p style="text-align: justify;">Unless otherwise required by law or the Articles, the general meeting of shareholders takes resolutions and proceeds to elections by a majority of the votes of shareholders present at the shareholders' meeting. In the event of a tied vote, the chairperson has no casting vote.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_8"></a>
    <p style="text-align: justify;">The acting chair may direct that elections be held by use of an electronic voting system. Electronic resolutions and elections are considered equal to resolutions and elections taken by way of a written ballot.</p>
    <p style="text-align: justify;">According to the Articles an Important Resolutions is required for:</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the change of purpose of Lithium Argentina;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the merging of shares, unless the approval of all the shareholders concerned is required;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>an increase of capital our of equity against contributions in kind or by setting off a claim, and the granting of special benefits;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the limitation or withdrawal of the subscription right;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the introduction of a conditional capital, the introduction of a capital band;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the transformation of participation certificates into shares;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the restriction of the transferability of registered shares;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the creation of shares with privileged voting rights;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the change of the currency of the share capital;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the introduction of the casting vote of the chairperson of the shareholders' meeting;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the delisting of the equity securities of Lithium Argentina;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the transfer of the registered office of Lithium Argentina within Switzerland or abroad;</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the introduction of an arbitration clause in the articles of association; and</p>
    <p style="margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the dissolution of Lithium Argentina.</p>
    <p style="text-align: justify;">Under the Articles, a special resolution of the shareholders' meeting adopted by at least two thirds of the represented share votes is required for the amendment of the Articles to create, vary or delete any special rights or restrictions attached to the shares of any class or series of shares (the "<b>Special Resolution</b>") as well as the amendment of the Articles to alter the voting requirements of the Special Resolution.</p>
    <p style="text-align: justify;">Resolutions on mergers, demergers, or conversions are governed by the Swiss Merger Act, and generally require an Important Resolution (with certain exceptions for transactions within group companies). In addition, under Swiss law, the resolution in relation to the sale of "all or substantially all of its assets" by Lithium Argentina may require an Important Resolution depending on the particular transaction, (see section "<i>Appraisal Rights and</i> <i>Compulsory Acquisitions</i>").</p>
    <p style="text-align: justify;"><i>Dividends</i></p>
    <p style="text-align: justify;">Dividends may be paid only if: (i) approved by a majority of votes cast by shareholders present at a shareholders meeting, whether in person or by proxy; and (ii) Lithium Argentina has sufficient distributable profits from the previous fiscal years, or if Lithium Argentina has freely distributable reserves, including out of capital contribution reserves<font style="background-color: #ffffff;">. Swiss companies generally must maintain a separate company "statutory" balance sheet for the purpose of determining the amounts available for the return of capital shareholders, including by way of a distribution of dividends. </font></p>
    <p style="text-align: justify;">Distributions of interim dividends may further be paid only if: (i) approved by a majority of votes cast by shareholders present at a shareholders meeting, whether in person or by proxy (ii) Lithium Argentina has sufficient distributable profits generated during the current business year and (iii) audited interim financial statements must be prepared, showing the profits generated during the current business year. Lithium Argentina's auditor must confirm that a dividend proposal made to shareholders conforms with the requirements of the CO and the Articles.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_9"></a>
    <p style="text-align: justify;">Dividends are usually due and payable shortly after the shareholders have passed a resolution approving the payment. The board of directors of a Swiss share company may propose to shareholders that a distribution of dividends be paid but cannot itself authorize the dividend. Shareholders participate in the distribution of profits in proportion to the nominal/par value and number of shares they hold.</p>
    <p style="text-align: justify;"><i>Inspection of Books and Records</i></p>
    <p style="text-align: justify;">The CO grants shareholders the right to inspect the register of shareholders with regards to its, his or her own shares and otherwise to the extent necessary to exercise its, his or her shareholder rights. No other person has a right to inspect the register of shareholders. With respect to other company ledgers and company files, only shareholders who individually or together with other shareholders represent at least 5% of the share capital or of the votes may request to inspect such ledgers and files by sending such a request to the board of directors at any time. The shareholder's request must describe why the requested inspection is required for the exercise of the shareholder's rights, and the board of directors shall permit inspection within four months of receiving such a request provided that no business secrets or other company interests are put at risk.</p>
    <p style="text-align: justify;">Pursuant to Swiss law, at a general meeting, any shareholder is entitled to request information from the Board concerning the affairs of Lithium Argentina. The shareholder may also ask the auditor questions regarding its audit of Lithium Argentina. The Board and the auditor must, subject to prevailing business secrets or other material interests, answer shareholders' questions to the extent necessary for the exercise of shareholders' rights.</p>
    <p style="text-align: justify;"><i>Special Investigation</i></p>
    <p style="text-align: justify;">If the shareholders' inspection and information rights as outlined in the section "<i>Inspection of Books and Records</i>" prove to be insufficient, Swiss law provides, any shareholder may propose to the general meeting of shareholders to initiate a special investigation or to appoint an expert to audit the executive management. If the general meeting of shareholders approves the proposal, Lithium Argentina or any shareholder may, within three months after the general meeting of shareholders, request the competent court to appoint a special commissioner. If the general meeting of shareholders rejects the request, one or more shareholders, subject to the requirements outlined in the section "<i>Inspection of Books and Records</i>", may request the court to appoint a special commissioner. The court will issue such an order if the petitioners can demonstrate that the Board, any of Lithium Argentina's directors or officers infringed the law or the Articles and thereby damaged Lithium Argentina or the shareholders. The costs of the investigation would generally be allocated to Lithium Argentina and only in exceptional cases to the petitioners.</p>
    <p style="text-align: justify;"><i>Appraisal Rights and Compulsory Acquisitions</i></p>
    <p style="text-align: justify;">Business combinations and other transactions that are governed by the Swiss Merger Act, are binding on all shareholders. A statutory merger or demerger requires approval of two-thirds of the shares represented at a general meeting of shareholders and the absolute majority of the par value of the shares represented. If a transaction under the Swiss Merger Act receives all of the necessary consents, all shareholders are compelled to participate in such transaction.</p>
    <p style="text-align: justify;">Shareholders are not entitled to dissent or appraisal rights in respect of any corporate actions other than with respect to certain transactions to which the <i>Swiss Merger Act</i> applies. If, in the event of a merger, demerger or conversion, the share or membership rights are not adequately safeguarded or the compensation is not appropriate, any shareholder may, within two months of the publication of the merger, demerger or conversion resolution, request that the court determine an appropriate compensation payment (appraisal suit). A decision issued by a competent court in this respect can be acted upon by any person who has the same legal status as the claimant. The filing of an appraisal suit will not prevent completion of the merger or demerger.</p>
    <p style="text-align: justify;">Furthermore, the Swiss Merger Act provides for a squeeze-out merger if the acquirer controls 90% of the outstanding shares. In these limited circumstances, minority shareholders of the company being acquired may be compensated in a form other than through shares of the acquiring company, such as, for example, through cash or securities of a parent company of the acquiring company or of another company. The Swiss Merger Act grants minority shareholders the right to a judicial review of the adequacy of the compensation offered in such a case and empowers the courts to determine, if necessary, a reasonable amount of compensation.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_10"></a>
    <p style="text-align: justify;">In addition, under Swiss law, the sale of all or substantially all of Lithium Argentina's assets may be construed as a <i>de facto</i> dissolution of Lithium Argentina, and consequently require the approval of two-thirds of the votes represented at a general meeting of shareholders and the majority of the nominal value of the shares represented at such meeting. Whether a shareholder resolution is required depends on the particular transaction, and the following circumstances are generally deemed relevant in this respect:</p>
    <p style="margin-left: 36pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>a core part of the company's business is sold without which it is economically impracticable or unreasonable to continue to operate the remaining business;</p>
    <p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the company's assets, after the divestment, are not invested in accordance with the company's business purpose set forth in its articles of association; and</p>
    <p style="margin-top: 0pt; margin-left: 36pt; text-indent: -18pt; text-align: justify;">-<font style="display: inline-block; width: 15pt;">&#160;</font>the proceeds of the divestment are not earmarked for reinvestment in accordance with the company's business purpose but, instead, are intended for distribution to the company's shareholders or for financial investments unrelated to the company's business.</p>
    <p style="background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;"><i>Reduction of Share Capital</i></font></p>
    <p style="text-align: justify;">Under Swiss law, capital distributions may also take the form of a distribution of cash or property that is based upon a reduction of Lithium Argentina's share capital recorded in the commercial register. Such a capital reduction requires the approval of shareholders holding a majority of votes cast at a general meeting. A special audit report must confirm that creditors' claims remain fully covered despite the reduction in the share capital recorded in the commercial register. On or before the approval by the general meeting of shareholders of the capital reduction, the Board must give public notice of the capital reduction resolution in the Swiss Official Gazette of Commerce and notify creditors that they may request, within thirty days, satisfaction of or security for their claims (to the extent that the coverage of creditors' claims prior to the capital reduction has been reduced). The obligation to provide security does not apply if the reduction of the share capital does not jeopardize the satisfaction of the creditors' claims. If an unqualified special audit report is available, the law presumes that creditors' claims are not jeopardized. The presumption may be rebutted by creditors in exceptional circumstances.</p>
    <p style="text-align: justify;"><i>Liquidation Rights</i></p>
    <p style="text-align: justify;">Under the CO, in the event of the liquidation of Lithium Argentina, after the full amounts that creditors as to distribution on liquidation or winding up are entitled to receive have been paid or set aside for payment, the holders of Continued Shares would be entitled to receive, <i>pro rata</i>, any remaining assets of Lithium Argentina available for distribution to the holders of Continued Shares, subject to Swiss withholding tax requirements.</p>
    <p style="text-align: justify;"><i><b>Board of Directors</b></i></p>
    <p style="text-align: justify;">The Articles&#160; provide that the Board will consist of a minimum of three directors. The members of the Board shall, as a rule, be elected by the annual shareholders' meeting in each case for a term of office of one year. The term of office of the members of the Board shall, subject to prior resignation and removal, expire on the next annual shareholders' meeting at which there is a quorum as described in section "<i>General Meetings of Shareholders</i>". Re-election is possible.</p>
    <p style="text-align: justify; background-color: #ffffff;"><font style="color: #212529;"><i><b>Conflict of Interest, Management Transactions</b></i></font></p>
    <p style="text-align: justify; background-color: #ffffff;"><font style="color: #212529;">The CO provides that the members of the Board and the executive management shall inform the Board immediately and comprehensively of any conflicts of interest affecting them. The Board shall take the measures required to safeguard Lithium Argentina's interests. Further, the CO contains a provision that requires Lithium Argentina's Board and executive management to safeguard the company's interests and imposes a duty of loyalty and duty of care on Lithium Argentina's Board and executive management. This rule is generally understood to disqualify the board of directors and executive management from participation in decisions that directly affect them. The Board and executive management members are personally liable to Lithium Argentina for breach of these provisions. In addition, Swiss law contains provisions under which members of the board of directors and all persons engaged in the company's management are liable to the company, each shareholder and the company's creditors for damages caused by an intentional or negligent violation of their duties. Furthermore, Swiss law contains a provision under which payments made to any of the company's shareholders or directors or any person associated with any such shareholder or director, other than payments made at arm's length, must be repaid to the company if such shareholder, director or associated person acted in bad faith.</font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_11"></a>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>Legal Name; Formation; Fiscal Year; Registered Office</b></i></font></p>
    <p style="text-align: justify; background-color: #ffffff;">The legal and commercial name is Lithium Argentina AG (before Continuation known as Lithium Americas (Argentina) Corp.). Lithium Americas (Argentina) Corp. was initially formed, and its articles of association registered, on October 3, 2023, which articles of association were amended and restated, in conjunction with the completion of the Continuation. Lithium Argentina is incorporated and domiciled in Zug, Canton of Zug, Switzerland and operates under the CO as a share company (<i>Aktiengesellschaft</i>).</p>
    <p style="text-align: justify; background-color: #ffffff;">The address of Lithium Argentina's registered office is Lithium Argentina AG, Dammstrasse 19, 6300 Zug, Switzerland.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>Corporate Purpose</b></i></font></p>
    <p style="text-align: justify;">The purpose of Lithium Argentina is to directly or indirectly acquire, hold, finance, manage, exploit and dispose of participations in domestic and foreign, listed and non-listed companies or other legal entities, partnerships or persons.</p>
    <p style="text-align: justify;">Lithium Argentina may also set up branch offices and subsidiaries in Switzerland and abroad and may acquire, hold, sell or finance any kind of undertakings and companies. Lithium Argentina may further acquire, hold, and sell real estate. Lithium Argentina may engage in any kind of commercial activity that is directly or indirectly related to its purpose and take any measures which seem appropriate to promote the purpose of Lithium Argentina, or which are connected with this purpose, including, without limitation, any commercial activities in the mining and minerals sector (such as advancing lithium projects and related business, development and trade activities).</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>Duration and Dissolution</b></i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The duration of Lithium Argentina is unlimited. However, Lithium Argentina may be dissolved by liquidation at any time by an Important Resolution. Lithium Argentina may also be dissolved without liquidation in certain cases (for example in in a merger where Lithium Argentina is not the surviving entity) by an Important Resolution. Furthermore, dissolution by court order in the event of bankruptcy, or for cause at the request of shareholders holding at least 10% of Lithium Argentina's share capital or votes is possible. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>Certificated and Uncertificated Shares</b></i></font></p>
    <p style="text-align: justify; background-color: #ffffff;">Lithium Argentina is authorized to issue registered shares in certificated or uncertificated form.</p>
    <p style="text-align: justify; background-color: #ffffff;"><font style="background-color: #ffffff;">Lithium Argentina may convert Continued Shares from one form into another at any time and without the approval of the shareholders, whereas Lithium Argentina shall bear the cost associated with any such conversion.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">If registered in Lithium Argentina's share register, a shareholder may at any time request a written confirmation with respect to such person's shares. However, the shareholder has no right to request the issue and delivery of share certificates nor the conversion of the Continued Shares issued in one form into another form. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>Stock Exchange Listing</b></i></font></p>
    <p style="background-color: #ffffff; text-align: justify;">The Continued Shares are listed for trading on the NYSE and TSX under the symbol "LAR".</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>No Sinking Fund</b></i></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The Continued Shares have no sinking fund provision.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>No Redemption and Conversion</b></i></font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_12"></a>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The Continued Shares are not convertible into shares of any other class or series or subject to redemption either by Lithium Argentina or the holder of the Continued Shares. </font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;"><i><b>Transfer of Continued Shares and Registration</b></i></font></p>
    <p style="text-align: justify;">Lithium Argentina has not imposed any restrictions applicable to the transfer of the Continued Shares, subject to Article 7(2) of the Articles with respect to Continued Shares issued in the form of intermediated securities, in which case any transfer of the Continued Shares is effected by a corresponding entry in the securities deposit account of a bank or a depository institution; no Continued Shares in the form of intermediated securities or security interest in any such intermediated securities can be transferred by way of assignment. If uncertificated Continued Shares (not in the form of intermediated securities) are transferred by way of assignment, such assignment must be notified to Lithium Argentina to be valid.</p>
    <p style="text-align: justify;">Persons acquiring Continued Shares of Lithium Argentina shall on application be entered in the share register without limitation as shareholders with voting rights, provided they expressly declare themselves to have acquired the said shares in their own name and for their own account, that there is no agreement on the redemption or return of the corresponding shares and that he/she bears the economic risk associated with the Continued Share, except that the board of directors may record nominees who hold Continued Shares in their own name, but for the account of third parties, as shareholders of record with voting rights in the share register of Lithium Argentina. Beneficial owners of Continued Shares who hold shares through a nominee exercise the shareholders' rights through the intermediation of such nominee. The share register will reflect only record owners, usufructuaries and nominees of Continued Shares. Swiss law does not recognize fractional share interests.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_13"></a>
    <p style="text-align: center;"><b>SIGNATURE</b></p>
    <p style="text-align: justify;">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, thereunto duly authorized.</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;" colspan="2">
                <p><b>Lithium Argentina AG</b></p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;" colspan="2">
                <p>(Registrant)</p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;" colspan="2">
                <p><b>&#160;</b></p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 10%;">
                <p>By:</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 84.5701%; border-bottom: 0.75pt solid #000000;">
                <p><i>/s/ Samuel Pigott</i></p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 10%;">
                <p>Name:</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 84.5701%;">
                <p>Samuel Pigott</p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 10%;">
                <p>Title:</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 84.5701%;">
                <p>President and Chief Executive Officer</p>
            </td>
        </tr>
    </table>
    <p style="text-align: justify;">Dated: January 23, 2025</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_14"></a>
    <p style="text-align: center;"><b>EXHIBIT INDEX</b></p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 10%;">
                <p><u><b>Exhibit</b></u></p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">
                <p><u><b>Description</b></u></p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 10%;">
                <p>&#160;</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">
                <p>&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #eeeeee; width: 10%;">
                <p><a href="exhibit3-1.htm">3.1</a></p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #eeeeee;">
                <p><a href="exhibit3-1.htm">Lithium Argentina AG Articles of Association</a></p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 10%;"><a href="exhibit3-2.htm">3.2</a></td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;"><a href="exhibit3-2.htm"> Lithium Argentina AG By-laws </a></td>
        </tr>
    </table>
    <br>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>exhibit3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<html>

<head>
    <title>Lithium Americas (Argentina) Corp.: Exhibit 3.1 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <div><br></div>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;"><b>Statuten</b></td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;"><b>Articles of Association</b></td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">der</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">of</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">Lithium Argentina AG</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">Lithium Argentina AG</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">(Lithium Argentina SA)</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">(Lithium Argentina SA)</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">mit Sitz in Zug, Schweiz</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">with registered office in Zug, Switzerland</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top; border-bottom: 0.75pt solid #000000;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top; border-bottom: 0.75pt solid #000000;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top; border-bottom: 0.75pt solid #000000;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 53.85pt; text-indent: -53.85pt; margin-top: 0pt; margin-bottom: 0pt;"><b>I.</b><font style="width: 46.32pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Allgemeine Bestimmungen</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 30.05pt; text-indent: -30.05pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>I.</b><font style="width: 46.17pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>General Provisions</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 1:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Firma, Sitz, Dauer</b><br><b> </b></p>
                <p>Unter der Firma</p>
                <p>Lithium Argentina AG<br>(Lithium Argentina SA)</p>
                <p style="text-align: justify; margin-bottom: 0pt;">besteht eine Aktiengesellschaft (die "Gesellschaft") gem&#228;ss Art. 620 ff. OR mit Sitz in Zug, Schweiz. Die Dauer der Gesellschaft ist unbeschr&#228;nkt.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 1:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Corporate Name, Registered Office, Duration</b></p>
                <p>Under the corporate name</p>
                <p>Lithium Argentina AG<br>(Lithium Argentina SA)</p>
                <p style="text-align: justify; margin-bottom: 0pt;">a company (the "Company") exists pursuant to art. 620 et seqq. of the Swiss Code of Obligations (the "CO") with its registered office in Zug, Switzerland. The duration of the Company is unlimited.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; text-align: justify; margin-top: 0pt;"><b>Artikel 2:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Zweck</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft bezweckt den direkten oder indirekten Erwerb, das Halten, die Finanzierung, die Verwaltung, das Verwerten und Ver&#228;ussern von Beteiligungen an in- und ausl&#228;ndischen, b&#246;rsenkotierten und nicht b&#246;rsenkotierten Unternehmen oder anderen Rechtseinheiten, Partnerschaften oder Personengesellschaften.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 2:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Purpose</b></p>
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The purpose of the Company is to directly or indirectly acquire, hold, finance, manage, exploit and dispose of participations in domestic and foreign, listed and non-listed companies or other legal entities, partnerships or persons.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und Ausland errichten und jede Art von Unternehmen und Gesellschaften erwerben, halten, ver&#228;ussern oder finanzieren. Die Gesellschaft kann Grundst&#252;cke erwerben, halten und ver&#228;ussern. Die Gesellschaft kann alle kommerziellen T&#228;tigkeiten aus&#252;ben, welche direkt oder indirekt mit dem Zweck der Gesellschaft im Zusammenhang stehen, und alle Massnahmen ergreifen, die den Gesellschaftszweck angemessen zu f&#246;rdern scheinen oder mit diesem im Zusammenhang stehen, einschliesslich, aber nicht beschr&#228;nkt auf, jegliche kommerziellen Aktivit&#228;ten im Bergbau- und Rohstoffsektor (wie die F&#246;rderung von Lithiumprojekten sowie damit verbundene Gesch&#228;fts-, Entwicklungs- und Handelsaktivit&#228;ten).</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company may set up branch offices and subsidiaries in Switzerland and abroad and may acquire, hold, sell or finance any kind of undertakings and companies. The Company may acquire, hold, and sell real estate. The Company may engage in any kind of commercial activity that is directly or indirectly related to its purpose and take any measures which seem appropriate to promote the purpose of the Company, or which are connected with this purpose, including, without limitation, any commercial activities in the mining and minerals sector (such as advancing lithium projects and related business, development and trade activities).</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <div id="header_page_2">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">2</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 53.85pt; text-indent: -53.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>II.</b><font style="width: 42.54pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Aktienkapital</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>II.</b><font style="width: 45.39pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Share Capital</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; text-align: justify; margin-top: 0pt;"><b>Artikel 3:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Anzahl Aktien, Nominalwert, Art</b><br><b> </b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">Das Aktienkapital der Gesellschaft betr&#228;gt USD 1'619'322.34 und ist eingeteilt in 161'932'234 Namenaktien mit einem Nennwert von je USD 0.01. Die Aktien sind vollst&#228;ndig liberiert.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 3:</b><font style="width: 14.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Number of Shares, Par Value, Type</b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">The share capital of the Company amounts to USD 1'619'322.34 and is divided into 161'932'234 registered common shares with a par value of USD 0.01<b> </b>per share. The share capital is fully paid-in.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 4:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Kapitalband</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat ist erm&#228;chtigt bis zum 17. Januar 2030, das Aktienkapital bis zur Obergrenze von USD 1'781'254.57 zu erh&#246;hen oder das Aktienkapital bis zur Untergrenze von USD 1'457'390.11 zu reduzieren. Der Verwaltungsrat ist im Rahmen des Kapitalbandes erm&#228;chtigt einmal oder mehrmals in beliebigen (Teil-) Betr&#228;gen das Aktienkapital bis zur Obergrenze zu erh&#246;hen oder bis zur Untergrenze herabzusetzen oder die Gesellschaft oder eine ihrer Gruppengesellschaft zu veranlassen, direkt oder indirekt Aktien zu erwerben (einschliesslich im Rahmen eines Aktienr&#252;ckkaufsprogramm) oder zu ver&#228;ussern. Die Kapitalerh&#246;hung oder -herabsetzung kann durch Ausgabe von bis zu 16'193'223 voll zu liberierende Namenaktien mit einem Nennwert von je USD 0.01 bzw. Vernichtung von bis zu 16'193'223 voll liberierten Namenaktien mit einem Nennwert von je USD 0.01 oder durch eine Erh&#246;hung bzw. Herabsetzung der Nennwerte der bestehenden Aktien oder durch gleichzeitige Herabsetzung und Wiedererh&#246;hung des Aktienkapitals erfolgen, jeweils im Rahmen des Kapitalbandes. Die Anzahl neu auszugebender Aktien bzw. zu vernichtenden Aktien unterliegt der Anpassung nach oben bzw. unten, wenn und sobald der Verwaltungsrat von seiner Befugnis Gebrauch macht, Aktien innerhalb des Kapitalbands gem&#228;ss Artikel 4(1) auszugeben oder zu vernichten.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 4:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Capital Band</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors is authorized to conduct increases of the share capital up to an upper limit in the amount of USD 1'781'254.57 or to reduce the share capital down to a lower limit of an amount of USD 1'457'390.11 until 17 January 2030. The board of directors shall be authorized within the capital band to increase or reduce the share capital, as applicable, once or several times and in any (partial) amounts up to the upper limit or down to the lower limit or to cause the Company or any of its group companies to acquire (including under a share repurchase program) shares, directly or indirectly. The capital increase or reduction may be effected by issuing up to 16'193'223 fully paid-in registered shares with a par value of USD 0.01<b> </b>each<b> </b>or by<b> </b>cancelling up to 16'193'223<b> </b>fully paid-in registered shares with a par value of USD 0.01<b> </b>each,<b> </b>as applicable,<b> </b>each within the limits of the capital band, or by increasing or reducing the par value of the existing registered shares or by a simultaneous reduction and re-increase of the share capital, in each case within the limits of the capital band. The number of newly issuable shares or shares to be cancelled is subject to upward or downward adjustment by the board of directors if and when the board of directors makes use of its authority to issue or cancel shares within the range of the capital band pursuant to this article 4(1).</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <div id="header_page_3">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">3</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Innerhalb des Kapitalbandes k&#246;nnen Aktien auch, aber nicht ausschliesslich, im Rahmen einer (Kombinations- oder Absorptions-) Fusion, Akquisition, &#246;ffentlichen &#220;bernahme oder einer &#228;hnlichen Transaktion (eine "strategische Transaktion") ausgegeben oder vernichtet werden.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Within the capital band, shares may also, but not exclusively, be issued or cancelled in the event of a merger, consolidation (merger with one surviving entity), acquisition, public takeover or any other similar transaction (a "Strategic Transaction").</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bei einer Kapitalerh&#246;hung im Rahmen des Kapitalbandes soll der Verwaltungsrat die Anzahl auszugebender Aktien, den Ausgabepreis, die Art und Weise der Liberierung (durch Barliberierung, Sacheinlage, Verrechnungsliberierung oder Umwandlung frei verf&#252;gbaren Eigenkapitals), den Ausgabezeitpunkt, die Bedingungen zur Aus&#252;bung von Bezugsrechten, den Beginn des Dividendenanspruches sowie alle weiteren relevanten Ausgabebedingungen festlegen. Der Verwaltungsrat kann Aktien im Rahmen einer Fest&#252;bernahme, einer Direktplatzierung oder einer &#228;hnlichen Transaktion &#252;ber die Vermittlung von Finanzinstituten, eines Konsortiums von Finanzinstituten oder eines anderen Dritten sowie durch ein nachfolgendes Angebot dieser Aktien an die bestehenden Aktion&#228;re oder Dritte (falls die Bezugsrechte der bestehenden Aktion&#228;re entzogen oder nicht ausge&#252;bt wurden) ausgeben. Der Verwaltungsrat ist erm&#228;chtigt, den Handel mit Bezugsrechten zu gestatten, einzuschr&#228;nken oder auszuschliessen. Im Falle nicht ausge&#252;bter Bezugsrechte kann der Verwaltungsrat nach eigenem Ermessen entweder zulassen, dass diese Rechte wertlos verfallen, die Bezugsrechte oder die Aktien, f&#252;r die Bezugsrechte gew&#228;hrt, aber nicht ausge&#252;bt wurden, zu Marktbedingungen platzieren oder sie auf eine andere Weise im Interesse der Gesellschaft verwenden.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>In case of a capital increase within the capital band, the board of directors shall determine the number of shares, the issue price, the form of payment required for subscription (including a cash contribution, contribution in kind, by off-setting claims against the Company, or by converting freely disposable equity), the date of issue, the conditions governing the exercise of subscription rights, the commencement of dividend entitlement and all other relevant terms of issuance. The board of directors may issue shares by way of an underwritten offering, direct placement or a similar transaction through the intermediation of financial institutions, a syndicate of financial institutions or another third party and a subsequent offer of such shares to the existing shareholders or third parties (if the subscription rights of the existing shareholders have been withdrawn or have not been exercised). The board of directors is authorized to permit, restrict or exclude the trading of subscription rights. In the event of subscription rights not being exercised, the board of directors may, at its discretion, either allow such rights to expire worthless, place them or the shares, for which subscription rights were granted but not exercised, at market conditions or use them in some other manner conducive to the interests of the Company.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_4"></a>
    <div id="header_page_4">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">4</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat ist in den folgenden F&#228;llen erm&#228;chtigt, ohne spezifische Zustimmung der Aktion&#228;re, die Bezugsrechte der Aktion&#228;re zu entziehen oder einzuschr&#228;nken und/oder solche Rechte Dritten (einschliesslich einzelner Aktion&#228;re), der Gesellschaft oder einer ihrer Gruppengesellschaften zuzuweisen:</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(a)<font style="width: 6.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>wenn der Ausgabepreis der neuen Aktien unter der Ber&#252;cksichtigung des Marktwertes festgesetzt wird;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(b)<font style="width: 6.67pt; text-indent: 0pt; display: inline-block;">&#160;</font>f&#252;r eine strategische Transaktion oder den Erwerb von Unternehmen, Unternehmensteilen oder Beteiligungen, F&#246;rderzins, Immobilien, zur Finanzierung neuer Investitionsprojekte der Gesellschaft oder ihrer Gruppengesellschaften, zum Erwerb von Produkten, geistigem Eigentum oder Lizenzen durch oder f&#252;r Investitionsprojekte der Gesellschaft oder einer ihrer Gruppengesellschaften oder, in jedem Fall, zur Finanzierung oder Refinanzierung solcher Transaktionen;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(c)<font style="width: 6.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>zur Beteiligung von Partnern im Rahmen strategischer Partnerschaften;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(d)<font style="width: 6.67pt; text-indent: 0pt; display: inline-block;">&#160;</font>f&#252;r eine Kapitalbeschaffung in schneller und flexibler Weise oder zur Erreichung eines strategischen Ziels der Gesellschaft, welche ohne den Ausschluss der Bezugsrechte der bisherigen Aktion&#228;re nicht m&#246;glich w&#228;re oder nur mit grosser Schwierigkeit, Verz&#246;gerung oder zu wesentlich schlechteren Bedingungen erreicht werden k&#246;nnte;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(e)<font style="width: 6.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>zum Zweck der Erweiterung des Aktion&#228;rskreises der Gesellschaft in bestimmten Finanz- oder Investorenm&#228;rkten oder zur Beteiligung von strategischen Partnern, einschliesslich Finanzinvestoren;</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors is authorized in the following cases to, without obtaining specific shareholder approval, withdraw or restrict shareholders' subscription rights and/or to allocate such rights to third parties (including individual shareholders), the Company or any of its group companies:</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(a)<font style="width: 6.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>if the issue price of the new shares is determined by reference to the market price;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(b)<font style="width: 6.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>for a Strategic Transaction or any acquisitions of companies, parts of companies or participations, royalty interests, real property, or for the financing of new investment projects of the Company or its group companies, for the acquisition of products, intellectual property or licenses by or for investment projects of the Company or any of its group companies, or, in each case, for the financing or refinancing of such transactions;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(c)<font style="width: 6.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>for participation of partners in the context of strategic partnerships;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(d)<font style="width: 6.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>for a capital raise in a fast and flexible manner or that serves to achieve a strategic objective of the Company and that would not be possible without the exclusion of the subscription rights of existing shareholders, or only with great difficulty or delay, or on significantly less favorable terms;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(e)<font style="width: 6.79pt; text-indent: 0pt; display: inline-block;">&#160;</font>for purposes of broadening the shareholder constituency of the Company in certain financial or investor markets or for purposes of the participation of strategic partners including financial investors;</p>
            </td>
        </tr>
    </table>
    <p>&#160;</p>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_5"></a>
    <div id="header_page_5">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">5</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(f)<font style="width: 7.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>im Zusammenhang mit der B&#246;rsennotierung neuer Aktien an in- oder ausl&#228;ndischen B&#246;rsen;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(g)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>zum Zweck der Gew&#228;hrung einer Mehrzuteilungsoption (Greenshoe) im Falle einer Aktienplatzierung oder eines Aktienverkaufs and die betreffenden Erstk&#228;ufer oder Fest&#252;bernehmer; oder</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt; margin-bottom: 0pt;">(h)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>f&#252;r die Beteiligung von Mitgliedern des Verwaltungsrats, Mitglieder der Gesch&#228;ftsleitung, Mitarbeitern, Beauftragten, Beratern oder anderen Personen, die f&#252;r die Gesellschaft oder eine ihrer Gruppengesellschaften Leistungen erbringen, einschliesslich Konsortialf&#252;hrer und Investmentbanken.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(f)<font style="width: 7.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>in connection with listing of new shares on domestic or foreign stock exchanges;</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt;">(g)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>for purposes of granting an over-allotment option (<i>Greenshoe</i>) in a placement or sale of shares to the respective initial purchaser(s) or underwriter(s); or</p>
                <p style="text-align: justify; margin-left: 33pt; text-indent: -18pt; margin-bottom: 0pt;">(h)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>for the participation of members of the board of directors, members of the executive management, employees, contractors, consultants or other persons performing services for the benefit of the Company or any of its group companies, including arrangers and investment banks.</p>
            </td>
        </tr>
    </table>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Erh&#246;ht sich das Aktienkapital aufgrund einer Erh&#246;hung aus bedingtem Kapital gem&#228;ss diesen Statuten, so erh&#246;hen sich die obere und die untere Grenze des Kapitalbandes entsprechend dem Umfang der Erh&#246;hung des Aktienkapitals.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>In the event of an increase of the share capital from conditional capital pursuant to these articles of association, the upper and lower limits of the capital band shall increase in an amount corresponding to such increase in the share capital.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Im Falle einer Reduktion des Aktienkapitals im Rahmen des Kapitalbands legt der Verwaltungsrat, soweit erforderlich, die Verwendung des Herabsetzungsbetrages fest. Der Verwaltungsrat kann den Herabsetzungsbetrag auch zur teilweisen oder vollst&#228;ndigen Beseitigung einer Unterbilanz im Sinne von Art. 653p OR verwenden oder kann gem&#228;ss Art. 653q OR gleichzeitig das Aktienkapital herabsetzen und mindestens auf den bisherigen Betrag erh&#246;hen.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>In the event of a reduction of the share capital within the capital band, the board of directors shall, to the extent necessary, determine the use of the reduction amount. The board of directors may also use the reduction amount for the partial or full elimination of a share capital shortfall in the sense of art. 653p of the CO or may, in the sense of art. 653q of the CO, simultaneously reduce and increase the share capital to at least the previous amount.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">7.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Im Falle einer Nennwert&#228;nderung sind neue Aktien im Rahmen des Kapitalbands mit gleichem Nennwert auszugeben wie die bestehenden Aktien.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">7.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>In the event of a change of the par value of the shares, the par value of new shares subsequently issued within the capital band shall also be changed.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_6"></a>
    <div id="header_page_6">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">6</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">8.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die neuen Aktien unterliegen den Einschr&#228;nkungen f&#252;r die Registrierung im Aktienregister nach Artikel 9 dieser Statuten.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">8.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The new shares shall be subject to the limitations for registration in the share register pursuant to article 9 of these articles of association.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; text-align: left;"><b>Artikel 5:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Bedingtes Aktienkapital f&#252;r Aktienbeteiligungsprogramme</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Das Aktienkapital der Gesellschaft kann um h&#246;chstens USD 161'932.23 erh&#246;ht werden, durch die direkte oder indirekte Ausgabe von maximal 16'193'223 voll zu liberierenden Namenaktien mit einem Nennwert von je USD 0.01, die zugunsten der Mitglieder des Verwaltungsrats, leitenden Angestellten, Mitarbeitern, Beauftragten, Beratern oder andere Personen, die f&#252;r die Gesellschaft oder einer ihrer Gruppengesellschaften Leistungen erbringen (die "Beg&#252;nstigten"), ausgegeben werden. Die Ausgabe von voll zu liberierenden Namenaktien mit einem Nennwert von je USD 0.01 gem&#228;ss diesem Artikel 5 kann auch eintreten infolge der freiwilligen oder automatischen Erf&#252;llung, Umwandlung oder Aus&#252;bung von Rechten oder der obligatorischen Aus&#252;bung von Verpflichtungen zum Erwerb neuer Aktien erfolgen, die den jeweiligen Beg&#252;nstigten gew&#228;hrt bzw. auferlegt wurden.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 5:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Conditional Share Capital for Equity Incentive Plans</b></p>
                <p style="text-align: justify; margin-left: 18.35pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The share capital of the Company may be increased by a maximum amount of USD 161'932.23 through the direct or indirect issuance of no more than&#160; 16'193'223 registered shares that are to be fully paid-in and have a par value of USD 0.01 each, to the members of the board of directors and to the officers, employees, contractors or consultants of the Company or any of its group companies, or other persons providing services to the Company or any of its group companies (the "Beneficiaries"). The issuance of fully paid-in registered shares with a par value of USD 0.01 each pursuant to this article 5 may also occur as a result of the voluntary or automatic settlement, conversion or exercise of rights or the mandatory exercise of obligations to acquire new shares granted to, or imposed on, respectively, any of the Beneficiaries.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bezugs- und Vorwegzeichnungsrechte der Aktion&#228;re sind im Zusammenhang mit dieser bedingten Kapitalerh&#246;hung ausgeschlossen. Jede Ausgabe neuer Aktien oder die freiwillige, automatische oder obligatorische Aus&#252;bung von Rechten oder Verpflichtungen zum Erwerb von Aktien erfolgt gem&#228;ss einem oder mehreren Pl&#228;nen, Vereinbarungen, Vorschriften oder Beschl&#252;ssen, die vom Verwaltungsrat oder, soweit ihm dies delegiert wurde, einem Ausschuss des Verwaltungsrats erlassen werden. Der Verwaltungsrat wird alle Einzelheiten der Ausgabebedingungen festlegen, wie etwa den Ausgabebetrag, Datum der Dividendenberechtigung und die Art der Beitr&#228;ge. Eine solche Ausgabe neuer Aktien kann zu einem Preis pro Aktie unter dem jeweiligen B&#246;rsenkurs erfolgen, und solche Rechte oder Verpflichtungen zum Erwerb von Aktien k&#246;nnen gew&#228;hrt und auferlegt werden, wobei dieser Preis unter ihrem inneren Wert liegen kann.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18.35pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subscription and advance subscription rights of shareholders are excluded for this conditional capital increase. Any such issuance of new shares or voluntary, automatic&#160; or mandatory exercise of rights or obligations to acquire shares shall be under one or more plans, agreements, regulations or resolutions to be issued by the board of directors or, to the extent delegated to it, a committee of the board of directors. The board of directors will determine all details of the terms of issue, such as each amount of issue, date of dividend entitlement, and kind of contributions. Any such issuance of new shares may be made at a price per share below the applicable stock exchange price and any such rights or obligations to acquire shares may be granted or imposed on, respectively, below their intrinsic value.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_7"></a>
    <div id="header_page_7">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">7</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Aus&#252;bung von Wandlungs-, Options- oder &#228;hnlichen Rechten sowie der Verzicht auf diese Rechte kann elektronisch oder schriftlich erfolgen. Die Aus&#252;bungserkl&#228;rung von Wandlungs-, Options- oder &#228;hnlichen Rechten gem&#228;ss diesem Artikel 5 muss sich auf diesen Artikel 5 beziehen.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18.35pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The exercise of conversion, option or similar rights as well as the waiver of these rights may be effected electronically or in writing. The declaration of exercise of conversion, option or similar rights based on this article 5 shall refer to this article 5.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die neuen Aktien unterliegen den Einschr&#228;nkungen f&#252;r die Registrierung im Aktienregister nach Artikel 9 dieser Statuten.</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The new shares shall be subject to the limitations for registration in the share register pursuant to article 9 of these articles of association.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 6:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Bedingtes Aktienkapital f&#252;r Finanzierungszwecke</b></p>
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Das Aktienkapital der Gesellschaft kann um einen H&#246;chstbetrag von USD 161'932.23 durch die direkte oder indirekte Ausgabe von h&#246;chstens 16'193'223 voll zu liberierende Namenaktien im Nennwert von je USD 0.01 erh&#246;ht werden, (i) durch die Aus&#252;bung von Wandlungs-, Tausch-, Options-, Warrant-, Bezugsrechten oder anderen Rechten zum Erwerb von Aktien, oder (ii) durch Verpflichtungen zum Erwerb von Aktien, die den Aktion&#228;ren oder Dritten allein oder in Verbindung mit Anleihensobligationen, Schuldpapieren, Darlehen, Optionen, Warrants oder anderen Wertpapieren oder vertraglichen Verpflichtungen der Gesellschaft oder einer ihrer Gruppengesellschaften gew&#228;hrt oder auferlegt wurden (zusammenfassend als "Finanzinstrumente" bezeichnet)."</p>
            </td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 4%;">
                <p><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 6:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Conditional Share Capital for Financing Purposes</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The share capital of the Company may be increased by a maximum amount of USD 161'932.23 through the direct or indirect<b> </b>issuance of no more than 16'193'223 registered shares that are to be fully paid-in and have a par value of USD 0.01 each, (i) further to the exercise of conversion, exchange, option, warrant, subscription or other rights to acquire shares, or (ii) through obligations to acquire shares that are or were granted to or imposed upon shareholders or third parties alone or in connection with bonds, notes, loans, options, warrants or other securities or contractual obligations of the Company or any of its group companies (collectively, "Financial Instruments").</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_8"></a>
    <div id="header_page_8">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">8</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bei der Ausgabe von neuen Aktien im Zusammenhang mit Finanzinstrumenten ist das Bezugsrecht der Aktion&#228;re ausgeschlossen. Die dannzumaligen Inhaber solcher Finanzinstrumente sind berechtigt, die neuen Aktien zu erwerben, die bei Aus&#252;bung, Austausch oder Wandlung der Finanzinstrumente ausgegeben werden. Der Verwaltungsrat legt die wesentlichen Bedingungen der Finanzinstrumente fest.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subscription rights of shareholders shall be excluded with respect to new shares issued in connection with the Financial Instruments. The then current owners of such Financial Instruments shall be entitled to acquire the new shares issued upon conversion, exchange or exercise of the Financial Instruments. The main terms of the Financial Instruments shall be determined by the board of directors.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat ist erm&#228;chtigt das Vorwegzeichnungsrecht im Zusammenhang mit der Ausgabe von Finanzinstrumenten der Gesellschaft oder einer ihrer Gruppengesellschaften zu limitieren oder zu entziehen, wenn (i) ein Grund gem&#228;ss Artikel 4(4) der Statuten gegeben ist oder (ii) die Finanzinstrumente zu angemessenen Bedingungen platziert werden oder (iii) im Zusammenhang mit den 1.75% Convertible Senior Notes f&#228;llig 2027 gem&#228;ss der Vertrag ("Indenture") vom 6. Dezember 2021, in allf&#228;llig ge&#228;nderter Version. Falls die Vorwegzeichnungsrechte vom Verwaltungsrat weder direkt noch indirekt gew&#228;hrt werden, m&#252;ssen (x) die Finanzinstrumente zu angemessenen Bedingungen ausgegeben werden und (y) der Umwandlungs-, Tausch- oder Aus&#252;bungszeitraum der Finanzinstrumente darf seit dem relevantem Ausgabedatum oder des Unterzeichnens des Finanzinstruments 30 Jahre nicht &#252;berschreiten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors is authorized to limit or withdraw advance subscription rights of shareholders in connection with the issuance of Financial Instruments by the Company or one of its group companies if (i) there is a valid reason pursuant to article 4(4) of these articles of association or (ii) the Financial Instruments are issued on appropriate terms or (iii) in connection with the 1.75% Convertible Senior Notes due 2027 as per the Indenture dated 6 December 2021, as amended. If the advance subscription rights are neither granted directly nor indirectly by the board of directors, the following shall apply: (x) the Financial Instruments shall be issued on appropriate terms; and (y) the Financial Instruments may be converted, exchanged or exercised during a maximum period of 30 years from the date of the relevant issuance of or entry into the Financial Instruments.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Aus&#252;bung von Wandlungs-, Options- oder &#228;hnlichen Rechten sowie der Verzicht auf diese Rechte kann elektronisch oder schriftlich erfolgen. Die Erkl&#228;rung zur Aus&#252;bung von Wandlungs-, Options- oder &#228;hnlichen Rechten auf der Grundlage dieses Artikel 6 muss auf diesen Artikel 6 verweisen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The exercise of conversion, option or similar rights as well as the waiver of these rights may be effected electronically or in writing. The declaration of exercise of conversion, option or similar rights based on this article 6 shall refer to this article 6.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_9"></a>
    <div id="header_page_9">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">9</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die neuen Aktien unterliegen den Eintragungsbeschr&#228;nkungen in das Aktienbuch von Artikel 9 dieser Statuten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The new shares shall be subject to the limitations for registration in the share register pursuant to article 9 of these articles of association.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_10"></a>
    <div id="header_page_10">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">10</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 7:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Form der Aktien</b></p>
                <p style="text-align: justify; margin-left: 24.6pt; text-indent: -21.25pt; margin-bottom: 0pt;">1.<font style="width: 12.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft kann ihre Namenaktien als Einzelurkunden, Globalurkunden, einfache Wertrechte im Sinne des OR (in der jeweils geltenden Fassung), oder als Bucheffekten ausgestalten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 7:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Form of Shares</b></p>
                <p style="margin-left: 18.85pt; text-indent: -18.85pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 9.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company may issue its registered shares in the form of single certificates, global certificates, simple uncertificated securities within the meaning of the CO (as amended from time to time), or intermediated securities.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 24.6pt; text-indent: -21.25pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 12.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bucheffekten und Sicherheiten an Bucheffekten k&#246;nnen nicht mittels Abtretung &#252;bertragen oder begr&#252;ndet werden. Werden nicht verurkundete Aktien durch Abtretung &#252;bertragen, bedarf diese zur G&#252;ltigkeit der Anzeige an die Gesellschaft.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.85pt; text-indent: -18.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 9.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>Intermediated securities and security interest in any such intermediated securities, cannot be transferred or granted by way of assignment. If uncertificated securities are transferred by way of assignment, such assignment must be notified to the Company to be valid.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 24.6pt; text-indent: -21.25pt; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 12.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>Nachdem er im Aktienbuch eingetragen worden ist, kann der Aktion&#228;r von der Gesellschaft jederzeit die Ausstellung einer Bescheinigung &#252;ber die in seinem Eigentum stehenden Aktien verlangen. Der Aktion&#228;r hat jedoch keinen Anspruch auf Druck und Auslieferung von Aktienurkunden oder Aktienzertifikate oder auf die Umwandlung der Namenaktien von einer Form in eine andere. Die Gesellschaft kann demgegen&#252;ber jederzeit Urkunden f&#252;r Namenaktien (Einzelurkunden oder Urkunden &#252;ber eine Mehrzahl von Aktien) ausstellen und ausliefern und mit der Zustimmung des Aktion&#228;rs ausgegebene Urkunden, die bei ihr eingeliefert werden, ersatzlos annullieren.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.85pt; text-indent: -18.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 9.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>Upon its registration with the share register, a shareholder may at any time request from the Company to issue a written confirmation of the registered shares held by such shareholder. However, the shareholder has no right to request the issue and delivery of share certificates nor the conversion of the registered shares issued in one form into another form. The Company may, however, at any time issue and deliver certificates for registered shares (single certificates or global certificates) and, with the consent of the shareholder, delete without replacement issued share certificates, which have been returned to it.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 24.6pt; text-indent: -21.25pt; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 12.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>Vorbeh&#228;ltlich des anwendbaren Rechts kann die Gesellschaft jederzeit ohne Zustimmung der Aktion&#228;re ihre Namenaktien von einer Form in eine andere Form umwandeln. Die Gesellschaft tr&#228;gt alle mit einer solchen Umwandlung verbundenen Kosten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.85pt; text-indent: -18.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 9.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subject to applicable law, the Company may convert its registered shares from one form into another form at any time and without the approval of the shareholders. The Company shall bear the cost associated with any such conversion.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_11"></a>
    <div id="header_page_11">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">11</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 8:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Anerkennung der Statuten</b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">Jede Aus&#252;bung von Aktion&#228;rsrechten schliesst die Anerkennung der Gesellschaftsstatuten in der jeweils g&#252;ltigen Fassung in sich ein.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 8:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Recognition of Articles</b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">Any exercise of shareholders' rights automatically comprises recognition of the version of these articles of association in force at the time.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 9:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Aktienbuch, Rechtsaus&#252;bung</b></p>
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft f&#252;hrt selbst oder durch Dritte ein Aktienbuch f&#252;r die Namenaktien, in welches die Eigent&#252;mer und Nutzniesser sowie Personen, die im Eintragungsgesuch nicht ausdr&#252;cklich erkl&#228;ren, die Aktien f&#252;r eigene Rechnung zu halten ("Nominees") mit Namen eingetragen werden. Die Gesellschaft oder der Dritte, welcher im Auftrag der Gesellschaft das Aktienbuch f&#252;hrt, ist berechtigt, zum Zeitpunkt der Eintragung in das Aktienbuch von der Person, die die Eintragung beantragt, einen geeigneten Nachweis &#252;ber deren Eigentum an den Aktien zu verlangen. Im Verh&#228;ltnis zur Gesellschaft wird als Aktion&#228;r, als Nutzniesser oder als Nominees nur anerkannt, wer im Aktienbuch eingetragen ist. Die Gesellschaft anerkennt nur einen Vertreter pro Aktie. Wechselt eine im Aktienbuch eingetragene Person ihre Adresse, so hat sie dies der Gesellschaft mitzuteilen. Bis eine solche Mitteilung erfolgt ist, gelten alle schriftlichen Mitteilungen der Gesellschaft an die im Aktienbuch verzeichnete Adresse als rechtsg&#252;ltig zugestellt.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 9:</b><font style="width: 12.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Share Register, Exercise of Rights</b></p>
                <p style="margin-left: 25.55pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company shall maintain, itself or through a third party, a share register for the registered shares in which the names and addresses of the owners and usufructuaries as well as the Persons who do not expressly declare in the registration application that they are holding the shares on their own account ("nominees") shall be entered. The Company or the third party maintaining the share register on behalf of the Company shall be entitled to request at the time of the entry into the share register from the person requesting such entry appropriate evidence of that person's title to the shares. In relation to the Company, only those shareholders, usufructuaries and nominees registered in the share register shall be recognized as such. The Company shall recognize only one representative per share. Any person registered in the share register changing its address, must notify the Company accordingly. Until such notification shall have occurred, all written communication from the Company to persons of record shall be deemed to have validly been made if sent to the address recorded in the share register.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Erwerber von Namenaktien werden auf Gesuch hin ohne Begrenzung als Aktion&#228;re mit Stimmrecht im Aktienbuch eingetragen, falls sie ausdr&#252;cklich erkl&#228;ren, diese Namenaktien im eigenen Namen und f&#252;r eigene Rechnung erworben zu haben, dass keine Vereinbarung &#252;ber die R&#252;cknahme oder die R&#252;ckgabe entsprechender Aktien besteht und dass er das mit den Aktien verbundene wirtschaftliche Risiko tr&#228;gt mit der Ausnahme, dass der Verwaltungsrat Nominees, welche Aktien im eigenen Namen aber auf fremde Rechnung halten, als Aktion&#228;re mit Stimmrecht im Aktienbuch der Gesellschaft eintragen kann. Die an den Aktien wirtschaftlich Berechtigten, welche die Aktien &#252;ber einen Nominee halten, &#252;ben Aktion&#228;rsrechte mittelbar &#252;ber den Nominee aus.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Persons acquiring registered shares shall on application be entered in the share register without limitation as shareholders with voting rights, provided they expressly declare themselves to have acquired the said shares in their own name and for their own account, that there is no agreement on the redemption or return of the corresponding shares and that he/she bears the economic risk associated with the shares, except that the board of directors may record nominees who hold shares in their own name, but for the account of third parties, as shareholders of record with voting rights in the share register of the Company. Beneficial owners of shares who hold shares through a nominee exercise the shareholders' rights through the intermediation of such nominee.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_12"></a>
    <div id="header_page_12">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">12</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft kann nach Anh&#246;rung des Betroffenen oder des Nominees Eintragungen im Aktienbuch mit R&#252;ckwirkung auf das Datum der Eintragung streichen, wenn diese durch falsche Angaben des Erwerbers zustande gekommen sind. Der Erwerber oder der Nominee muss &#252;ber die Streichung sofort informiert werden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company may, after consulting with the affected person or nominee, cancel entries in the share register retroactively with effect to the date of the entry, if such entries were based on false information given by the acquirer. The acquirer or nominee shall be informed of the cancellation immediately.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat stellt Grunds&#228;tze &#252;ber die Eintragung von Treuh&#228;ndern/Nominees auf und erl&#228;sst die zur Einhaltung der vorstehenden Bestimmungen notwendigen Regelungen. Der Verwaltungsrat kann Ausnahmen von der Regelung in Bezug auf Nominees gew&#228;hren.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors formulates general principles relating to the registration of fiduciaries/nominees and issues the necessary regulations to ensure compliance with the above provisions. The board of directors may grant exceptions from the rules regarding nominees.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 15.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>Stimmrechte und die damit verbundenen Rechte k&#246;nnen der Gesellschaft gegen&#252;ber von einem Aktion&#228;r, Nutzniesser der Aktien oder Nominee jeweils nur im Umfang ausge&#252;bt werden, wie dieser mit Stimmrecht im Aktienbuch eingetragen ist.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Voting rights and appurtenant rights associated therewith may be exercised in relation to the Company by a shareholder, usufructuary of shares or nominee only to the extent that such person is recorded in the share register with the right to exercise his, her or its voting rights.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_13"></a>
    <div id="header_page_13">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">13</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 53.85pt; text-indent: -53.85pt; margin-top: 0pt; margin-bottom: 0pt;"><b>III.</b><font style="width: 38.26pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Generalversammlung</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>III.</b><font style="width: 41.11pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Shareholders' Meeting</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 10:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Ordentliche und ausserordentliche Generalversammlungen</b></p>
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die ordentliche Generalversammlung findet jedes Jahr innerhalb von sechs (6) Monaten nach Abschluss des Gesch&#228;ftsjahrs statt.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 10:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Ordinary and Extraordinary Shareholders' Meetings</b></p>
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The ordinary shareholders' meeting shall be held annually within six (6) months after the close of the business year.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Ausserordentliche Generalversammlungen werden einberufen, sooft es notwendig ist, insbesondere in den vom Gesetz vorgesehenen F&#228;llen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Extraordinary shareholders' meetings shall be convened whenever necessary, especially when provided for by law.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 11:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Einberufung</b></p>
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung wird durch den Verwaltungsrat, n&#246;tigenfalls durch die Revisionsstelle einberufen. Das Einberufungsrecht steht auch den Liquidatoren zu.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 11:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Convening</b></p>
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting shall be convened by the board of directors and, if need be, by the auditor. The liquidators shall also be entitled to convene a shareholders' meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Einberufung einer Generalversammlung kann auch von einem oder mehreren Aktion&#228;ren, die zusammen mindestens f&#252;nf (5) Prozent des Aktienkapitals oder der Stimmen vertreten, verlangt werden. Einberufung und Traktandierung werden schriftlich unter Angabe der Verhandlungsgegenst&#228;nde und der Antr&#228;ge anbegehrt. Der Verwaltungsrat hat die Generalversammlung innert sechzig (60) Tagen seit Empfang des Begehrens einzuberufen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>One or more shareholders, representing at least five (5) percent of the share capital or of the votes of the Company, may also request that a shareholders' meeting be held. Such request and agenda items to be included must be submitted in writing, setting forth the items to be discussed and the proposals to be decided upon. The shareholders' meeting shall be convened by the board of directors within sixty (60) days of receipt of such a request.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung ist sp&#228;testens zwanzig (20) Tage vor dem Versammlungstag durch eine Bekanntmachung gem&#228;ss Artikel 37 der Statuten einzuberufen. In der Einberufung sind neben Datum, Zeit, Art und Ort der Versammlung die Verhandlungsgegenst&#228;nde sowie die Antr&#228;ge des Verwaltungsrates, allf&#228;llige Antr&#228;ge der Aktion&#228;re samt kurzer Begr&#252;ndung und gegebenenfalls der Name und die Adresse des unabh&#228;ngigen Stimmrechtsvertreters bekanntzugeben.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>At least twenty (20) days prior to the date of the shareholders' meeting, notice of the shareholders' meeting shall be given by way of an announcement pursuant to article 37 of these articles of association. The notice shall state the date, time, form and place of the meeting, the agenda as well as the proposals of the board of directors, if necessary, the proposals of the shareholders, including a short explanation, and, if necessary, the name and the address of the independent proxy.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_14"></a>
    <div id="header_page_14">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">14</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>&#220;ber Gegenst&#228;nde, die nicht in dieser Weise angek&#252;ndigt worden sind, k&#246;nnen keine Beschl&#252;sse gefasst werden, ausser &#252;ber einen Antrag auf Einberufung einer ausserordentlichen Generalversammlung, auf Durchf&#252;hrung einer Sonderuntersuchung oder auf Wahl einer Revisionsstelle infolge eines Begehrens eines Aktion&#228;rs.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>No resolutions may be adopted regarding matters which have not been announced in this manner, except regarding a proposal to convene an extraordinary shareholders' meeting, to carry out a special investigation or to elect an auditor upon the request of a shareholder.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Sp&#228;testens zwanzig (20) Tage vor der ordentlichen Generalversammlung sind der Gesch&#228;ftsbericht (einschliesslich Lagebericht, Verg&#252;tungsbericht und, allf&#228;lliger Bericht &#252;ber nichtfinanzielle Belange gem&#228;ss Art. 964c OR) und der Revisionsbericht zug&#228;nglich zu machen. Sofern die Unterlagen nicht elektronisch zug&#228;nglich sind, kann jeder Aktion&#228;r verlangen, dass ihm eine Ausfertigung der Dokumente rechtzeitig zugestellt wird.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The annual report (including management report, compensation report and, if applicable, report on non-financial matters pursuant to article 964c CO) and the auditors' report must be made available for inspection by the shareholders at least twenty (20) days prior to the date of the ordinary shareholders' meeting. In case the documents are not made available electronically, any shareholder may request a copy of the documents to be provided in due time.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.35pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Mitglieder des Verwaltungsrates und der Gesch&#228;ftsleitung sind berechtigt, an der Generalversammlung teilzunehmen. Der Verwaltungsrat kann zu jedem Verhandlungsgegenstand Antr&#228;ge stellen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 16.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The members of the board of directors and the executive management are entitled to take part in the shareholders' meeting. The board of directors can make proposals for each agenda item.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 12:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Traktanden</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat nimmt die Traktandierung der Verhandlungsgegenst&#228;nde vor.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 12:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Agenda</b></p>
                <p style="margin-left: 18.35pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors shall state the items on the agenda.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Aktion&#228;re, welche insgesamt mindestens 0.5% des Aktienkapitals oder der Stimmen vertreten, k&#246;nnen verlangen, dass ein Traktandum auf die Traktandenliste der Generalversammlung aufgenommen wird. Das Begehren um Traktandierung ist mindestens drei (3) Monate vor dem Jahrestag der letzten ordentlichen Generalversammlung schriftlich unter Angabe des Verhandlungsgegenstandes und der Antr&#228;ge beim Pr&#228;sidenten des Verwaltungsrats einzureichen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>One or more shareholders representing at least 0.5% of the total share capital or of the votes, may request items to be included in the agenda. Such requests have to be submitted to the chairperson of the board of directors at least three (3) months before the anniversary of the previous year's ordinary shareholder's meeting and shall be in writing, specifying the item and the proposals.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_15"></a>
    <div id="header_page_15">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">15</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>&#220;ber Antr&#228;ge zu nicht geh&#246;rig angek&#252;ndigten Verhandlungsgegenst&#228;nden k&#246;nnen keine Beschl&#252;sse gefasst werden, ausser in den gesetzlich vorgesehen F&#228;llen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>No resolution may be passed on motions concerning agenda items which have not been duly announced apart from those exceptions permitted by law.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 13:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Tagungsort</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat bestimmt den Tagungsort der Generalversammlung. Die Generalversammlung kann im Ausland durchgef&#252;hrt werden, sofern ein unabh&#228;ngiger Stimmrechtsvertreter bezeichnet wird.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 13:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Venue</b></p>
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 10.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors shall determine the venue of the shareholders' meeting. The shareholders' meeting may be held abroad, provided that an independent proxy is designated.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bis zum 17. Januar 2030, kann die Generalversammlung mit elektronischen Mitteln ohne Tagungsort durchgef&#252;hrt werden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Until 17 January 2030, the shareholders' meetings may be held by electronic means without a venue.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; width: 48%;">
                <p><b>Artikel 14:</b><font style="width: 5.69pt; display: inline-block;">&#160;</font><b>Vorsitz, Protokolle</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Den Vorsitz der Generalversammlung f&#252;hrt der Pr&#228;sident des Verwaltungsrates, bei dessen Verhinderung oder Unwilligkeit ein anderes Mitglied des Verwaltungsrates oder, falls alle anwesenden Mitglieder des Verwaltungsrates ablehnen oder kein Mitglied des Verwaltungsrats anwesend ist, ein anderer von der Generalversammlung gew&#228;hlter Tagespr&#228;sident.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 14:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Chair, Minutes</b></p>
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting shall be chaired by the chairperson of the board, or, in her/his absence or unwillingness, by another member of the board of directors, or, if all the directors present decline to take the chair or fail to do so or if no director is present, by another person elected for that day by the shareholders' meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; width: 48%;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat sorgt f&#252;r die F&#252;hrung des Protokolls, das vom Vorsitzenden und vom Protokollf&#252;hrer zu unterzeichnen ist.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors is responsible for keeping the minutes, which have to be signed by the chairperson and by the secretary.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Jeder Aktion&#228;r kann verlangen, dass ihm das Protokoll innerhalb von dreissig (30) Tagen nach der Generalversammlung zug&#228;nglich gemacht wird. Die Beschl&#252;sse und Wahlergebnisse sind unter Angabe der genauen Stimmenverh&#228;ltnisse innerhalb von f&#252;nfzehn (15) Tagen nach der Generalversammlung auf elektronischem Weg zug&#228;nglich zu machen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Any shareholder may request access to the minutes within thirty (30) days following the shareholders' meeting. The resolutions and the election results with details of the exact proportions of votes cast shall be made electronically accessible within fifteen (15) days following the shareholders' meeting.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_16"></a>
    <div id="header_page_16">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">16</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 15:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Befugnisse</b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">Oberstes Organ der Gesellschaft ist die Generalversammlung. Ihr stehen die folgenden un&#252;bertragbaren Befugnisse zu:</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 15:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Authorities </b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">The shareholders' meeting is the supreme corporate body of the Company and has the following non-transferable powers:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.6pt; text-indent: -24.6pt; margin-top: 0pt;">1.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>Festsetzung und &#196;nderung der Statuten;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">2.<font style="width: 17.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Wahl und Abberufung der Mitglieder des Verwaltungsrates, des Pr&#228;sidenten des Verwaltungsrates, der Mitglieder des Verg&#252;tungsausschusses, der Revisionsstelle und des unabh&#228;ngigen Stimmrechtsvertreters;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">3.<font style="width: 17.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Genehmigung des Lageberichts und allenfalls der Konzernrechnung;<font style="width: 32.35pt; text-indent: 0pt; display: inline-block;">&#160;</font></p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">4.<font style="width: 17.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Genehmigung des Berichts &#252;ber nichtfinanzielle Belange gem&#228;ss Art. 964a ff. OR und jedes weiteren Berichts, welcher gem&#228;ss anwendbarem Recht einer Genehmigung durch die Generalversammlung bedarf;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">5.<font style="width: 17.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Genehmigung der Jahresrechnung sowie Beschlussfassung &#252;ber die Verwendung des Bilanzgewinns, insbesondere die Festsetzung der Dividende und der Gewinnbeteiligung der Mitglieder des Verwaltungsrats;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">6.<font style="width: 17.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Genehmigung der Verg&#252;tung des Verwaltungsrates, der Gesch&#228;ftsleitung und des Beirats gem&#228;ss Artikel 31 und Artikel 32 der Statuten;&#160;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 25.45pt; text-indent: -24pt; text-align: justify; margin-top: 0pt;">1.<font style="width: 17.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>adoption and amendment of these articles of association;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">2.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>election and removal of the members of the board of directors, the chairperson of the board of directors, the members of the compensation committee, the auditor and the independent proxy;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">3.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>approval of the management report and the consolidated statements of account, if any;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">4.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>approving the report on non-financial matters in accordance with art. 964a et seqq. of the CO and any other report that requires approval by the shareholders' meeting under applicable law, if and as applicable;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">5.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>approval of the financial statements and resolution on the use of the balance sheet profit, in particular on the declaration of dividends and of profit sharing by members of the board of directors;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">6.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>approval of the remuneration of the members of the board of directors, of the executive management and the advisory council, pursuant to article 31 and article 32 of these articles of association;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">7.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>adoption of the interim dividend and approval of the required interim financial statements;</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_17"></a>
    <div id="header_page_17">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">17</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <table style="border-collapse: collapse; font-size: 10pt; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">7.<font style="width: 17.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Festsetzung der Zwischendividende und Genehmigung des daf&#252;r erforderlichen Zwischenabschlusses;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">8.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Beschlussfassung &#252;ber die R&#252;ckzahlung der gesetzlichen Kapitalreserve;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">9.<font style="width: 17.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Entlastung der Mitglieder des Verwaltungsrates und der mit der Gesch&#228;ftsleitung betrauten Personen;</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify;">10.<font style="width: 12.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>Dekotierung der Beteiligungspapiere der Gesellschaft; und</p>
                <p style="margin-left: 24.65pt; text-indent: -24.65pt; text-align: justify; margin-bottom: 0pt;">11.<font style="width: 12.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Beschlussfassung &#252;ber die Gegenst&#228;nde, die der Generalversammlung durch das Gesetz oder die Statuten vorbehalten sind.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">8.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>resolution on the repayment of the statutory capital reserve;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">9.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>grant to discharge the members of the board of directors and the persons entrusted with management;</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify;">10.<font style="width: 13.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the delisting of the equity securities of the Company; and</p>
                <p style="margin-left: 26.1pt; text-indent: -26.1pt; text-align: justify; margin-bottom: 0pt;">11.<font style="width: 14.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>passing of resolutions on matters which are reserved to the shareholders' meeting by law or by these articles of association.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
    </table>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 16:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Beschlussfassung</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Jede Aktie berechtigt zu einer Stimme. Der Verwaltungsrat erl&#228;sst Verfahrensvorschriften &#252;ber die Teilnahme und Vertretung an der Generalversammlung und legt die Anforderungen f&#252;r Vollmachten fest. Jeder Aktion&#228;r kann sich in der Generalversammlung durch seinen gesetzlichen Vertreter oder einen Dritten vertreten lassen, welcher kein Aktion&#228;r sein muss. Die Berechtigung zur Vertretung eines Aktion&#228;rs ist in der Regel durch eine schriftliche Vollmacht des Aktion&#228;rs auszuweisen. Der Verwaltungsrat kann aber auch weitere Formen der Berechtigung gegen&#252;ber der Gesellschaft zulassen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 16:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Resolutions, Quorum</b></p>
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Each share carries one vote. The board of directors shall issue procedural rules regarding the participation and representation at the shareholders' meeting and determine the requirements regarding proxies. Each shareholder may be represented at the shareholders' meeting by its legal representative or another person, who does not need to be a shareholder. In general, the authorization to represent a shareholder must be evidenced by a written proxy of the shareholder. However, the board of directors may also allow other forms of authorization vis-&#224;-vis the Company.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Jeder Aktion&#228;r kann sich vom unabh&#228;ngigen Stimmrechtsvertreter vertreten lassen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Each shareholder may be represented by the independent proxy.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung fasst ihre Beschl&#252;sse und vollzieht ihre Wahlen mit der Mehrheit der vertretenen Aktienstimmen, soweit nicht das Gesetz oder die Statuten abweichende Bestimmungen enthalten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting shall adopt its resolutions and carry out its elections with the majority of the share votes represented, to the extent that neither the law nor these articles of association provide otherwise.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Vorsitzende der Generalversammlung bestimmt, ob Abstimmungen und Wahlen elektronisch, offen oder schriftlich erfolgen. Im Falle einer Streitigkeit &#252;ber die Zul&#228;ssigkeit oder Ablehnung einer Stimme muss der Vorsitzende der Generalversammlung die Streitigkeit entscheiden, und seine Entscheidung, die in gutem Glauben getroffen wird, ist endg&#252;ltig und verbindlich. Der Vorsitzende der Generalversammlung kann jederzeit anordnen, dass eine Beschlussfassung oder Wahl wiederholt wird, wenn er oder sie Zweifel an der Abstimmung hat. In diesem Fall gilt die vorherige Beschlussfassung oder Wahl als nicht erfolgt.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The chairperson of the meeting shall decide whether voting on resolutions and elections be conducted electronically, by a show of hands or by a written ballot. In the case of any dispute as to the admission or rejection of a vote, the chairperson of the meeting must determine the dispute, and his or her determination made in good faith is final and conclusive. The chairperson of the meeting may at any time order that a resolution or election be repeated if he or she considers the vote to be in doubt; the resolution or election previously held shall then be deemed not to have taken place.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_18"></a>
    <div id="header_page_18">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">18</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Wahlen von Mitgliedern des Verwaltungsrates und des Verg&#252;tungsausschusses erfolgen jeweils einzeln.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The members of the board of directors and the members of the compensation committee are elected individually.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Jede Beschlussfassung oder Wahl der Generalversammlung setzt zu ihrer G&#252;ltigkeit im Zeitpunkt der Konstituierung der Generalversammlung ein Pr&#228;senzquorum von zwei an der Generalversammlung stimmberechtigten Aktion&#228;ren oder deren Vertretern, welche zusammen mindestens 5% der ausgegebenen Aktien mit Stimmrechten halten, voraus. Die anwesenden Aktion&#228;re oder deren Vertreter k&#246;nnen mit der Behandlung der Traktanden fortfahren, selbst wenn Aktion&#228;re oder deren Vertreter nach Bekanntgabe des Quorums durch den Vorsitzenden die Generalversammlung verlassen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.35pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The adoption of any resolution or election at the shareholders' meeting requires a quorum at the commencement of the meeting of two shareholders entitled to vote at the meeting whether in person or by proxy who hold, in the aggregate, at least 5% of the issued shares entitled to be voted at the meeting. The shareholders or their proxies present at a shareholders' meeting may continue to transact business despite the withdrawal of shareholders or their proxies from such meeting following announcement of the presence quorum at that meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 17:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Wichtige Beschl&#252;sse</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Ein Beschluss der Generalversammlung, der mindestens zwei Drittel der vertretenen Aktienstimmen und die Mehrheit der vertretenen Aktiennennwerte auf sich vereinigt, ist erforderlich f&#252;r:</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">1.<font style="width: 16.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>die &#196;nderung des Gesellschaftszwecks;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 17:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Important Resolutions</b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>A resolution of the shareholders' meeting adopted by at least two thirds of the represented share votes and the majority of the represented share par values is required for:</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">1.<font style="width: 17.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>the change of purpose of the Company;</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_19"></a>
    <div id="header_page_19">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">19</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <p>&#160;</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">2.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Zusammenlegung von Aktien, soweit daf&#252;r nicht die Zustimmung aller betroffenen Aktion&#228;ren erforderlich ist;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">3.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Kapitalerh&#246;hung aus Eigenkapital, gegen Sacheinlagen oder durch Verrechnung mit einer Forderung und die Gew&#228;hrung von besonderen Vorteilen;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">4.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Einschr&#228;nkung oder Aufhebung des Bezugsrechts;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">5.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Einf&#252;hrung eines bedingten Kapitals, die Einf&#252;hrung eines Kapitalbands;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">6.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Umwandlung von Partizipationsscheinen in Aktien;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">7.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Beschr&#228;nkung der &#220;bertragbarkeit von Namenaktien;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">8.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Einf&#252;hrung von Stimmrechtsaktien;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">9.<font style="width: 16.4pt; text-indent: 0pt; display: inline-block;">&#160;</font>den Wechsel der W&#228;hrung des Aktienkapitals;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">10.<font style="width: 10.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Einf&#252;hrung des Stichentscheids des Vorsitzenden in der Generalversammlung;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">11.<font style="width: 10.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Dekotierung der Beteiligungspapiere der Gesellschaft;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">12.<font style="width: 10.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Verlegung des Sitzes der Gesellschaft innerhalb der Schweiz sowie ins Ausland;</p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify;">13.<font style="width: 10.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Einf&#252;hrung einer statutarischen Schiedsklausel; und<font style="width: 33.71pt; text-indent: 0pt; display: inline-block;">&#160;</font></p>
                <p style="margin-left: 45.6pt; text-indent: -24.65pt; text-align: justify; margin-bottom: 0pt;">14.<font style="width: 10.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>die Aufl&#246;sung der Gesellschaft.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">2.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the merging of shares, unless the approval of all the shareholders concerned is required;&#160; &#160; &#160; &#160; &#160; &#160; &#160;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">3.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>an increase of capital out of equity, against contributions in kind or by setting off a claim, and the granting of special benefits;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">4.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the limitation or withdrawal of the subscription right;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">5.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the introduction of a conditional capital, the introduction of a capital band;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">6.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the transformation of participation certificates into shares;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">7.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the restriction of the transferability of registered shares;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">8.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the creation of shares with privileged voting rights;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">9.<font style="width: 17.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the change of the currency of the share capital;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">10.<font style="width: 12.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>the introduction of the casting vote of the chairperson of the shareholders' meeting;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">11.<font style="width: 12.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>the delisting of the equity securities of the Company;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">12.<font style="width: 12.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>the transfer of the registered office of the Company within Switzerland or abroad;</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify;">13.<font style="width: 12.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>the introduction of an arbitration clause in the articles of association; and</p>
                <p style="margin-left: 46.8pt; text-indent: -26.1pt; text-align: justify; margin-bottom: 0pt;">14.<font style="width: 12.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>the dissolution of the Company.</p>
            </td>
        </tr>
    </table>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Vorbehaltlich anderer Beschl&#252;sse, die gem&#228;ss diesen Statuten erforderlich sind, unterliegen Beschl&#252;sse &#252;ber die Fusion, Spaltung oder Umwandlung gelten die Bestimmungen des Schweizer Fusionsgesetzes.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subject to any other resolution required under these articles of association, resolutions on mergers, demergers, or conversions shall be governed by the Swiss Merger Act.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_20"></a>
    <div id="header_page_20">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">20</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 18:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Besondere Beschl&#252;sse</b></p>
                <p style="text-align: justify;">Ein Beschluss der Generalversammlung, der mindestens zwei Drittel der vertretenen Aktienstimmen ist erforderlich f&#252;r:</p>
                <p style="margin-left: 46.8pt; text-indent: -26.25pt; text-align: justify;">1.<font style="width: 18.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>die &#196;nderung dieser Statuten zur Schaffung, &#196;nderung oder Aufhebung besonderer Rechte oder Einschr&#228;nkungen, die mit den Aktien einer Klasse oder Serie von Aktien verbunden sind; und</p>
                <p style="margin-left: 46.8pt; text-indent: -26.25pt; text-align: justify; margin-bottom: 0pt;">2.<font style="width: 18.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>die &#196;nderung dieser Statuten, um die erforderlichen Beschl&#252;sse gem&#228;ss Artikel 18 zu &#228;ndern.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 18:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Special Resolutions</b></p>
                <p style="text-align: justify;">A resolution of the shareholders' meeting adopted by at least two thirds of the represented share votes is required for:</p>
                <p style="margin-left: 44.25pt; text-indent: -26.25pt; text-align: justify;">1.<font style="width: 19pt; text-indent: 0pt; display: inline-block;">&#160;</font>the amendment of these articles of association to create, vary or delete any special rights or restrictions attached to the shares of any class or series of shares; and</p>
                <p style="margin-left: 44.25pt; text-indent: -26.25pt; text-align: justify;">2.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>the amendment of these articles of association to alter the resolution required under this article 18.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 19:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Abstimmung &#252;ber Verg&#252;tung</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung genehmigt an jeder ordentlichen Generalversammlung gesondert und bindend die Gesamtbetr&#228;ge, die der Verwaltungsrat beantragt hat f&#252;r (in US Dollars, Schweizer Franken oder einer anderen W&#228;hrung):</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 19:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Votes on Compensation</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting shall approve at each ordinary shareholders' meeting, separately and bindingly, on the proposals by the board of directors regarding the aggregate amounts (expressed in U.S. dollars, Swiss francs or any other currency) of:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.8pt; text-indent: -24.6pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 16.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>die maximale Verg&#252;tung des Verwaltungsrats gem&#228;ss Artikel 31 der Statuten, die f&#252;r die Dauer bis zur n&#228;chsten ordentlichen Generalversammlung zur Auszahlung oder Zuteilung gelangen kann; und</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 46.8pt; text-indent: -28.35pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 20.1pt; text-indent: 0pt; display: inline-block;">&#160;</font>the maximum compensation of the board of directors pursuant to article 31 of these articles of association for the term of office until the next ordinary shareholders' meeting that may be paid or allocated; and</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.8pt; text-indent: -24.6pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.35pt; text-indent: 0pt; display: inline-block;">&#160;</font>die maximale Gesamtverg&#252;tung der Gesch&#228;ftsleitung (fixe und variable Bestandteile) gem&#228;ss Artikel 32 der Statuten, die im folgenden Gesch&#228;ftsjahr zur Auszahlung oder Zuteilung gelangen kann.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 46.8pt; text-indent: -28.35pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 20.1pt; text-indent: 0pt; display: inline-block;">&#160;</font>the maximum overall compensation of the executive management (fixed and variable components) pursuant to article 32 of these articles of association that may be paid or allocated in the subsequent business year.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat kann die maximale Gesamtverg&#252;tung der Gesch&#228;ftsleitung in einen maximalen Gesamtbetrag f&#252;r fixe und einen f&#252;r variable Verg&#252;tungen unterteilen und die entsprechenden Antr&#228;ge der Generalversammlung separat zur Genehmigung vorlegen. Der Verwaltungsrat kann der Generalversammlung zudem abweichende oder zus&#228;tzliche Antr&#228;ge in Bezug auf die gleichen oder andere Zeitperioden zur Genehmigung vorlegen. Der Verwaltungsrat kann die Aktion&#228;re an einer ordentlichen Generalversammlung um Genehmigung eines Gesamtbetrages oder eines Maximalgesamtbetrages der Verg&#252;tung des Verwaltungsrates bzw. der Gesch&#228;ftsleitung ersuchen, sei es auf retrospektiver Basis, prospektiver Basis oder einer Kombination davon.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors may split the maximum overall compensation of the executive management to be proposed for approval into a maximum fixed and maximum variable compensation and submit the respective proposals for separate approval by the shareholders' meeting. Further, the board of directors may submit for approval by the shareholders' meeting deviating or additional proposals in relation to the same or different time periods. The board of directors may seek ratification or approval by the shareholders at an ordinary shareholder's meeting on a retrospective or prospective basis, or a combination thereof, of the aggregate amount or maximum aggregate amount, of compensation, respectively, of the board of directors and the executive management.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_21"></a>
    <div id="header_page_21">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">21</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verweigert die Generalversammlung die Genehmigung der beantragten Verg&#252;tung bzw. der maximalen Gesamtverg&#252;tung, so kann der Verwaltungsrat an derselben Generalversammlung neue Antr&#228;ge stellen, eine ausserordentliche Generalversammlung einberufen und diese neuen Antr&#228;ge zur Genehmigung unterbreiten oder er kann die Antr&#228;ge zur Verg&#252;tung retrospektiv von der n&#228;chsten ordentlichen Generalversammlung genehmigen lassen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>If the shareholders' meeting does not approve the proposed amount of the fixed or variable compensation, as the case may be, the board of directors may either submit new proposals at the same shareholders' meeting, convene an extraordinary shareholders' meeting and make new proposals for approval or may submit the proposals regarding compensation for retrospective approval at the next ordinary shareholders' meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die jeweiligen Gesamtbetr&#228;ge verstehen sich inklusive s&#228;mtlicher Beitr&#228;ge der Mitglieder des Verwaltungsrats bzw. der Gesch&#228;ftsleitung sowie der Gesellschaft an die Sozialversicherungen und Einrichtungen der beruflichen Vorsorge (Arbeitnehmer- und Arbeitgeberbeitr&#228;ge).</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The aggregate compensation amounts for members of the board of directors and the executive management are deemed to be inclusive of all social security and pension contributions of the members of the board of directors, the executive management and the Company, respectively (contributions by employee and employer).</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die von der Generalversammlung genehmigten Verg&#252;tungen k&#246;nnen von der Gesellschaft oder von ihr direkt oder indirekt kontrollierten Gesellschaften ausgezahlt werden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The compensation approved by the shareholders' meeting may be paid by the Company or by companies being directly or indirectly controlled by the Company.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung f&#252;hrt eine Konsultativabstimmung &#252;ber den vom Verwaltungsrat erstellten Verg&#252;tungsbericht durch.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting shall cast a consultative vote on the compensation report issued by the board of directors.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_22"></a>
    <div id="header_page_22">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">22</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 20:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Unabh&#228;ngiger Stimmrechtsvertreter</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung w&#228;hlt einen unabh&#228;ngigen Stimmrechtsvertreter. W&#228;hlbar sind nat&#252;rliche Personen oder juristische Personen und andere Personengesellschaften.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 20:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Independent Proxy</b><br><b> </b></p>
                <p style="text-align: justify; margin-left: 18.45pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting elects an independent proxy. Natural persons as well as legal entities and partnerships are eligible for election.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Amtsdauer des unabh&#228;ngigen Stimmrechtsvertreters endet an der n&#228;chsten ordentlichen Generalversammlung. Wiederwahl ist m&#246;glich. Seine Pflichten richten sich nach den anwendbaren gesetzlichen Bestimmungen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The term of office of the independent proxy ends at the next ordinary shareholders' meeting. Re-election is possible. The duties of the independent proxy are governed by the relevant statutory provisions.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 53.85pt; text-indent: -53.85pt; margin-top: 0pt; margin-bottom: 0pt;"><b>IV.</b><font style="width: 38.88pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Verwaltungsrat</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>IV.</b><font style="width: 41.73pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Board of Directors</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 21:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Anzahl, Amtsdauer, Konstituierung</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat besteht aus mindestens drei (3) oder mehr Mitgliedern. Er wird in der Regel in der ordentlichen Generalversammlung und jeweils f&#252;r die Dauer von einem Jahr gew&#228;hlt. Die Amtsdauer der Mitglieder des Verwaltungsrates endet mit der n&#228;chsten ordentlichen Generalversammlung, bei der das Quorum erreicht wurde. Vorbehalten bleiben vorheriger R&#252;cktritt und Abberufung. Neue Mitglieder treten in die Amtsdauer derjenigen ein, die sie ersetzen. Die Mitglieder des Verwaltungsrates sind jederzeit wieder w&#228;hlbar.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 21:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Number, Tenure, Organization</b><br><b> </b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors consists of three (3) or more members. The members of the board of directors shall, as a rule, be elected by the ordinary shareholders' meeting in each case for a term of office of one year. The term of office of the members of the board of directors shall, subject to prior resignation and removal, expire on the next ordinary shareholders' meeting at which there is a quorum. New members assume the remaining length of term of the members they replace. The members of the board of directors may be re-elected without limitation.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat konstituiert sich selbst vorbehaltlich der Wahl des Pr&#228;sidenten. Er kann einen Sekret&#228;r bezeichnen, der nicht Mitglied des Verwaltungsrates oder Aktion&#228;r sein muss.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors constitutes itself with the exception of the election of the chairperson. The board of directors may appoint a secretary who need not be a member of the board of directors or shareholder.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_23"></a>
    <div id="header_page_23">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">23</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 22:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Organisation und Protokoll</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Sitzungsordnung, Beschlussf&#228;higkeit (Pr&#228;senzquorum) und Beschlussfassung des Verwaltungsrats richten sich nach dem Organisationsreglement.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 22:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Organization and Minutes</b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The organization of the meetings, the presence quorum and the passing of resolutions of the board of directors shall be in compliance with the by-laws.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat fasst seine Beschl&#252;sse und vollzieht seine Wahlen mit der Mehrheit der abgegebenen Stimmen. Bei Stimmengleichheit hat der Vorsitzende keinen Stichentscheid.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors adopts its resolutions and carries out its elections by means of the simple majority of the votes cast. In case of a tie, the chairperson does not have the casting vote.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Sitzungen k&#246;nnen mit elektronischen Mitteln ohne Tagungsort durchgef&#252;hrt werden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Meetings may be held by electronic means without a meeting venue.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>&#220;ber die Verhandlungen und Beschl&#252;sse des Verwaltungsrates ist ein Protokoll zu f&#252;hren. Das Protokoll ist vom Vorsitzenden und vom Protokollf&#252;hrer des Verwaltungsrates zu unterzeichnen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Minutes shall be kept of the deliberations and resolutions of the board of directors. The minutes shall be signed by the chairperson and the secretary of the meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Beschl&#252;sse k&#246;nnen auch auf schriftlichem Weg auf Papier oder in elektronischer Form gefasst werden, sofern nicht ein Mitglied m&#252;ndliche Beratung verlangt. Bei Beschlussfassung auf elektronischem Weg ist keine Unterschrift erforderlich. Bei Beschl&#252;ssen auf schriftlichem Weg oder in elektronischer Form ist die absolute Mehrheit des Verwaltungsrates zur Beschlussfassung erforderlich.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Resolutions may also be passed in writing on paper or in electronic form if no member requests that the resolution be discussed in a meeting. No signature is required if the resolutions are passed by using electronic means. Such written resolutions and resolutions in electronic form shall only pass if adopted by the absolute majority of the votes of the board of directors.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 23:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Oberleitung, Delegation</b><font style="width: 10.87pt; text-indent: 0pt; display: inline-block;">&#160;</font><br><b> </b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Dem Verwaltungsrat obliegt die oberste Leitung der Gesellschaft und die &#220;berwachung der Gesch&#228;ftsf&#252;hrung. Er vertritt die Gesellschaft nach aussen und besorgt alle Angelegenheiten, die nicht nach Gesetz, Statuten oder Organisationsreglement einem anderen Organ der Gesellschaft &#252;bertragen sind.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 23:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Ultimate Management, Delegation</b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors is entrusted with the ultimate management 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 by-laws.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_24"></a>
    <div id="header_page_24">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">24</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat kann die Gesch&#228;ftsf&#252;hrung oder einzelne Teile derselben sowie die Vertretung der Gesellschaft an eine oder mehrere Personen, die entweder Mitglieder des Verwaltungsrates oder Dritte sind, delegieren. Er kann ein Organisationsreglement erlassen, welches auch weitergehende Regelungen zur Organisation und den Kompetenzen und Pflichten des Verwaltungsrates enthalten kann.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors may delegate the management and the representation of the Company wholly or in part to one or several persons, being either members of the board of directors or third parties. The board of directors may adopt by-laws which may contain further provisions relating to the organization and the authorities and duties of the board of directors.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 24:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Aufgaben</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat hat folgende un&#252;bertragbare und unentziehbare Aufgaben:</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 24:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Duties</b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 10pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors has the following non-transferable and inalienable duties:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 45.9pt; text-indent: -24.85pt; text-align: justify; margin-top: 0pt;">1.<font style="width: 17.1pt; text-indent: 0pt; display: inline-block;">&#160;</font>Oberleitung der Gesellschaft und Erteilung der n&#246;tigen Weisungen;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">2.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Festlegung der Organisation;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">3.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Ausgestaltung des Rechnungswesens, der Finanzkontrolle sowie der Finanzplanung;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">4.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Ernennung und Abberufung der mit der Gesch&#228;ftsf&#252;hrung und der Vertretung betrauten Personen und Regelung der Zeichnungsberechtigung;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">5.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Oberaufsicht &#252;ber die mit der Gesch&#228;ftsf&#252;hrung betrauten Personen, namentlich im Hinblick auf die Befolgung der Gesetze, Statuten, Reglemente und Weisungen;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">6.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Erstellung des Gesch&#228;ftsberichts sowie Vorbereitung der Generalversammlung und Ausf&#252;hrung ihrer Beschl&#252;sse;&#160; &#160; &#160; &#160; &#160; &#160; &#160;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">7.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Einreichung eines Gesuchs um Nachlassstundung und Benachrichtigung des Gerichts im Falle der &#220;berschuldung;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify; margin-top: 0pt;">1.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to ultimately manage the Company and issue the necessary directives;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">2.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to determine the organization;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">3.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to structure the accounting system, the financial control and the financial planning;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">4.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to appoint and remove the persons entrusted with the management and the representation of the Company and to regulate signing authorities;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">5.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to ultimately supervise the persons entrusted with the management, in particular with respect to compliance with the law, the articles of association, the by-laws and directives;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">6.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to prepare the business report as well as the shareholders' meeting and to implement the resolutions adopted by the shareholders' meeting;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">7.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to file an application for a composition moratorium and to notify the court in the event of over-indebtedness;</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">8.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to prepare the compensation report;</p>
            </td>
        </tr>
    </table>
    <p>&#160;</p>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_25"></a>
    <div id="header_page_25">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">25</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="border-collapse: collapse; font-size: 10pt; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">8.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Erstellung des Verg&#252;tungsberichts;</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify;">9.<font style="width: 16.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Beschlussfassung &#252;ber die Feststellung von Kapitalver&#228;nderungen und daraus folgende Statuten&#228;nderungen; und</p>
                <p style="margin-left: 45.9pt; text-indent: -24.65pt; text-align: justify; margin-bottom: 0pt;">10.<font style="width: 11.9pt; text-indent: 0pt; display: inline-block;">&#160;</font>Pr&#252;fung der gesetzlichen Anforderungen an die Revisionsstelle.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify;">9.<font style="width: 18.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to confirm changes in share capital and amend the articles of association accordingly; and</p>
                <p style="margin-left: 39.7pt; text-indent: -26.1pt; text-align: justify; margin-bottom: 0pt;">10.<font style="width: 13.85pt; text-indent: 0pt; display: inline-block;">&#160;</font>to examine the statutory requirements of the auditor.</p>
            </td>
        </tr>
    </table>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>Hat die Gesellschaft keinen unabh&#228;ngigen Stimmrechtsvertreter, so ernennt der Verwaltungsrat jeweils f&#252;r die Dauer bis zum Abschluss der n&#228;chsten ordentlichen Generalversammlung einen Ersatz. Der Ersatz f&#252;r den Verg&#252;tungsausschuss muss ein Mitglied des Verwaltungsrats sein.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>If the Company does not have an independent proxy, the board of directors shall appoint a substitute for the time period until the conclusion of the next ordinary shareholders' meeting. The substitute for the compensation committee must be a member of the board of directors.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 25:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Verwaltungsratsaussch&#252;sse</b><br><b> </b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat kann aus seiner Mitte st&#228;ndige Aussch&#252;sse w&#228;hlen. Artikel 26 der Statuten bleibt vorbehalten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 25:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Committees of the Board of Directors</b></p>
                <p style="text-align: justify; margin-left: 18.45pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors may elect committees among its members. Article 26 of these articles of association remains reserved.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat bestimmt die Einzelheiten im Organisationsreglement oder in den anwendbaren Ausschussreglementen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18.45pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors shall determine the details in the by-laws or in the applicable committee charters.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 26:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Verg&#252;tungsausschuss</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verg&#252;tungsausschuss besteht aus mindestens drei (3) Mitgliedern des Verwaltungsrates, die von der Generalversammlung gew&#228;hlt werden. Die Amtsdauer der Mitglieder des Verg&#252;tungsausschusses betr&#228;gt ein Jahr und endet mit Abschluss der n&#228;chsten ordentlichen Generalversammlung. Wiederwahl ist zul&#228;ssig.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 26:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Compensation Committee</b></p>
                <p style="text-align: justify; margin-left: 18.45pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The compensation committee shall consist of at least three (3) members of the board of directors and shall be elected by the shareholders' meeting. The term of office of the members of the compensation committee shall be one year and shall end at the conclusion of the next ordinary shareholders' meeting. Re-election is possible.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Ist der Verg&#252;tungsausschuss nicht vollst&#228;ndig besetzt, ernennt der Verwaltungsrat aus seiner Mitte Ersatzmitglieder f&#252;r eine Amtsdauer bis zum Abschluss der n&#228;chsten ordentlichen Generalversammlung.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>If there are vacancies on the compensation committee, the board of directors may appoint substitute members from among its members for a term of office extending until completion of the next shareholders' meeting.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_26"></a>
    <div id="header_page_26">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">26</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verg&#252;tungsausschuss hat die folgenden Aufgaben in Verg&#252;tungsfragen:</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The compensation committee has the following duties regarding compensation matters:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Vorbereitung und periodische &#220;berarbeitung der Verg&#252;tungspolitik, Verg&#252;tungsstrategie und -prinzipien der Gesellschaft und der Leistungskriterien im Bereich der Verg&#252;tung und periodische &#220;berpr&#252;fung der Umsetzung derselben sowie diesbez&#252;gliche Antragstellung und Abgabe von Empfehlungen an den Verwaltungsrat;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>preparation and periodical review of the Company's compensation policy, compensation strategy and principles and the performance criteria related to compensation and periodical review of their implementation as well as submission of proposals and recommendations to the board of directors;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Antragstellung an den Verwaltungsrat betreffend Grunds&#228;tze und Struktur der Verg&#252;tungspl&#228;ne f&#252;r die Gesch&#228;ftsleitung;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>proposals to the board of directors regarding the principles and structure of the compensation plans for the executive management;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Unterst&#252;tzung des Verwaltungsrats bei der Ausarbeitung der Antr&#228;ge an die Generalversammlung betreffend Genehmigung der maximalen Verg&#252;tung des Verwaltungsrats sowie der maximalen Verg&#252;tung (feste Verg&#252;tung und variable Verg&#252;tung) der Mitglieder der Gesch&#228;ftsleitung;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>support the board of directors in preparing the proposals to the shareholders' meeting regarding the approval of the maximum compensation of the board of directors as well as the maximum compensation (fixed compensation and variable compensation) of the executive management;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Vorlage des Verg&#252;tungsberichts an den Verwaltungsrat zur Genehmigung;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>submission of the compensation report to the board of directors for approval;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Information des Verwaltungsrats &#252;ber Richtlinien, Programme und wichtige Entscheidungen sowie Vergleiche der Verg&#252;tungsniveaus bei wichtigen Konkurrenten;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>information of the board of directors about policies, programs and key decisions as well as comparisons of compensation levels at key competitors;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>regelm&#228;ssige Berichterstattung an den Verwaltungsrat &#252;ber Entscheidungen und Beratungen des Verg&#252;tungsausschusses; und</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">6.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>regular reporting to the board of directors on the decisions and deliberations of the compensation committee; and</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.5pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">7.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>weitere Aufgaben und Kompetenzen, die ihm vom Verwaltungsrat &#252;bertragen wurden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 32.3pt; text-indent: -17.85pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">7.<font style="width: 10.6pt; text-indent: 0pt; display: inline-block;">&#160;</font>further duties and responsibilities as delegated by the board of directors.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_27"></a>
    <div id="header_page_27">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">27</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat regelt allf&#228;llige weitere Aufgaben und Zust&#228;ndigkeiten des Verg&#252;tungsausschuss im Organisationsreglement oder im anwendbaren Ausschussreglements.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors will provide for possible further duties and responsibilities of the compensation committee in the by-laws or applicable committee charter.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>V.</b><font style="width: 46.01pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Revisionsstelle</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>V.</b><font style="width: 46.01pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Auditor</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 27:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Wahl, Anforderungen</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Generalversammlung w&#228;hlt eine Revisionsstelle. Die Revisionsstelle ist in das Handelsregister einzutragen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 27:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Election, Qualification</b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders' meeting elects an auditor. The auditors must be registered in the commercial register.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft hat ihre Jahresrechnung durch eine Revisionsstelle ordentlich pr&#252;fen zu lassen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The auditors shall perform a regular audit of the Company's annual financial statements.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat ist verpflichtet, die Einhaltung dieser Bestimmungen zu &#252;berwachen und der Generalversammlung eine Revisionsstelle zur Wahl vorzuschlagen, welche die entsprechenden Anforderungen erf&#252;llt, insbesondere hinsichtlich fachlicher Qualifikation und Unabh&#228;ngigkeit gem&#228;ss den Vorschriften des OR (Art. 727 ff.) und Revisionsaufsichtsgesetzes vom 16. Dezember 2005 in der jeweiligen Fassung.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors shall monitor compliance with these provisions and nominate for election by the shareholders' meeting such auditors which meet the respective requirements, in particular, regarding qualification and independence pursuant to the provisions of the CO (art. 727 et seqq.) and the Swiss Audit Supervision Act of 16 December 2005 in the relevant applicable version.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Revisionsstelle wird f&#252;r ein Gesch&#228;ftsjahr gew&#228;hlt. Ihr Amt endet mit der Abnahme der letzten Jahresrechnung. Eine Wiederwahl ist m&#246;glich. Eine Abberufung ist nur aus wichtigen Gr&#252;nden m&#246;glich.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The auditor is elected for one business year. Its term of office terminates with the approval of the last financial statements. A re-election is possible. A dismissal is only possible for important reasons.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Revisionsstelle hat die Rechte und Pflichten gem&#228;ss Art. 728 ff. OR.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">5.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The auditors' rights and obligations are those foreseen in art. 728 et seqq. of the CO.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_28"></a>
    <div id="header_page_28">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">28</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 28:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Aufgaben</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Wird eine Revisionsstelle bestimmt, obliegen ihr die gesetzlichen Rechte und Pflichten gem&#228;ss Art. 727 ff. OR.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 28:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Duties</b></p>
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 10pt; text-indent: 0pt; display: inline-block;">&#160;</font>If an auditor is elected, its rights and obligations are those set forth in art. 727 et seqq. of the CO.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Erfolgt eine ordentliche Revision, so muss die Revisionsstelle an der Generalversammlung anwesend sein.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18.8pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11.3pt; text-indent: 0pt; display: inline-block;">&#160;</font>If an ordinary audit has taken place, the statutory auditor must be present at the shareholders' meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>VI.</b><font style="width: 41.73pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Verg&#252;tungen und damit zusammenh&#228;ngende Bestimmungen</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>VI.</b><font style="width: 41.73pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Compensation and Related Provisions</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 29:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Zul&#228;ssige weitere T&#228;tigkeiten</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Mitglieder des Verwaltungsrats d&#252;rfen je die folgenden weiteren T&#228;tigkeiten in vergleichbaren Funktionen bei anderen Unternehmen mit wirtschaftlichem Zweck aus&#252;ben:</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 29:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Permitted Additional Activities</b></p>
                <p style="text-align: justify; margin-left: 18.45pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The members of the board of directors may have the following other functions in comparable positions in other companies with commercial objects:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.8pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>maximal sieben (7) Mandate als Verwaltungsratsmitglied oder als Mitglied anderer oberster Leitungs- oder Verwaltungsorgane von b&#246;rsenkotierten Unternehmen; sowie zus&#228;tzlich</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 46.8pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 16.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>up to seven (7) mandates as member of the board of directors or any other executive management or administrative body of listed companies; and, in addition</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 38.8pt; text-indent: -21.25pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 13.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>maximal f&#252;nfzehn (15) Mandate als Verwaltungsratsmitglied oder als Mitglied anderer oberster Leitungs- oder Verwaltungsorgane von Rechtseinheiten, welche nicht b&#246;rsenkotiert sind.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 46.8pt; text-indent: -21.3pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 13.55pt; text-indent: 0pt; display: inline-block;">&#160;</font>up to fifteen (15) mandates as member of the board of directors or any other executive management or administrative body of legal entities that are not listed.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Mitglieder der Gesch&#228;ftsleitung d&#252;rfen mit Genehmigung des Verwaltungsrates je die folgenden weiteren T&#228;tigkeiten in vergleichbaren Funktionen bei anderen Unternehmen mit wirtschaftlichem Zweck aus&#252;ben:</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>With the approval of the board of directors, the members of the executive management may have the following other functions in comparable positions in other companies with commercial objects:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>maximal zwei (2) Mandate als Verwaltungsratsmitglied oder als Mitglied eines anderen obersten Leitungs- oder Verwaltungsorgans von b&#246;rsenkotierten Unternehmen; sowie zus&#228;tzlich</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>up to two (2) mandates as member of the board of directors or any other executive management or administrative body of listed companies; and, in addition</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_29"></a>
    <div id="header_page_29">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">29</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>maximal sechs (6) Mandate als Verwaltungsratsmitglied oder als Mitglied anderer oberster Leitungs- oder Verwaltungsorgane in weiteren Rechtseinheiten, welche nicht b&#246;rsenkotiert sind.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>up to six (6) mandates as member of the board of directors or any other executive management or administrative body of other legal entities that are not listed.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.6pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die folgenden Mandate fallen nicht unter die Beschr&#228;nkungen gem&#228;ss Absatz 1 und Absatz 2 dieses Artikel 29:</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The following mandates shall not be subject to the limitations set forth in paragraphs 1 and 2 of this article 29:</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 52.95pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 16.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>Mandate in Unternehmen, die durch die Gesellschaft kontrolliert werden, die die Gesellschaft kontrollieren oder die mit der Gesellschaft unter gemeinsamer Kontrolle stehen;</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">1.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>mandates in companies which are controlled by the Company, which control the Company or which are under common control with the Company;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 52.95pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.25pt; text-indent: 0pt; display: inline-block;">&#160;</font>Mandate, die auf Anordnung der Gesellschaft oder von dieser kontrollierten Gesellschaften wahrgenommen werden, kein Mitglied des Verwaltungsrates oder der Gesch&#228;ftsleitung darf jedoch mehr als zehn (10) solche Mandate wahrnehmen; und</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>mandates held at the request of the Company or companies controlled by it, provided however that no member of the board of directors or the executive management shall hold more than ten (10)<b> </b>such mandates; and</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 53.1pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>Mandate in Vereinen oder Verb&#228;nden, gemeinn&#252;tzigen Organisationen, Stiftungen, Personalf&#252;rsorgestiftungen und &#228;hnlichen Einrichtungen. Kein Mitglied des Verwaltungsrates oder der Gesch&#228;ftsleitung kann mehr als f&#252;nfzehn (15) solche Mandate wahrnehmen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 42pt; text-indent: -24pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 16.75pt; text-indent: 0pt; display: inline-block;">&#160;</font>mandates in associations or federations, charitable organizations, foundations, employee welfare foundations and other similar organizations. No member of the board of directors or the executive management shall hold more than fifteen (15) such mandates.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_30"></a>
    <div id="header_page_30">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">30</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 30:</b><font style="width: 10.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Vertr&#228;ge, die den Verg&#252;tungen f&#252;r Mitglieder des Verwaltungsrates und der Gesch&#228;ftsleitung zugrunde liegen</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft oder von ihr kontrollierte Gesellschaften k&#246;nnen mit Mitgliedern des Verwaltungsrates unbefristete oder befristete Mandatsvertr&#228;ge oder andere Vertr&#228;ge &#252;ber deren Verg&#252;tung als Verwaltungsr&#228;te abschliessen. Die Dauer von befristeten Vertr&#228;gen darf die Amtsdauer eines Verwaltungsrates nicht &#252;berschreiten. Eine Erneuerung eines befristeten Vertrages ist zul&#228;ssig.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 30:</b><font style="width: 11.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Agreements related to Compensation of Members of the Board of Directors and the Executive Management</b></p>
                <p style="text-align: justify; margin-left: 18.45pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company or companies under its control may enter into mandate or other agreements with the members of the board of directors regarding their compensation as directors for a fixed term or for an indefinite term. The duration of fixed term agreements may not exceed a director's term of office. A renewal of a fixed term agreement is permissible.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft oder von ihr kontrollierte Gesellschaften k&#246;nnen mit Mitgliedern der Gesch&#228;ftsleitung unbefristete oder befristete Arbeitsvertr&#228;ge oder andere Vertr&#228;ge &#252;ber deren Verg&#252;tung als Mitglieder der Gesch&#228;ftsleitung abschliessen. Befristete Vertr&#228;ge haben eine H&#246;chstdauer von einem (1) Jahr. Die Erneuerung eines befristeten Vertrages ist zul&#228;ssig. Unbefristete Vertr&#228;ge haben eine K&#252;ndigungsfrist von maximal zw&#246;lf (12) Monaten.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company or companies under its control may enter into employment agreements or other agreements with the members of the executive management regarding their compensation as members of the executive management for an indefinite period or a fixed term. If the board of directors considers a fixed term appropriate, such fixed term shall not exceed one (1) year. The renewal of a fixed term agreement is permissible. Employment agreements for an indefinite term shall have a notice period of maximum twelve (12) months.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Mitglieder der Gesch&#228;ftsleitung k&#246;nnen w&#228;hrend der K&#252;ndigungsfrist von ihrer Arbeitspflicht befreit werden. Des Weiteren ist es zul&#228;ssig, dass die Gesellschaft oder von ihr kontrollierte Gesellschaften Aufhebungs- oder &#228;hnliche Vereinbarungen abschliessen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Members of the executive management may be released from their obligation of work during the notice period. Further, it shall be permissible for the Company or companies under its control to enter into termination or similar agreements.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Vereinbarung von Konkurrenzverboten mit Mitgliedern der Gesch&#228;ftsleitung f&#252;r die Zeit nach Beendigung eines Arbeitsvertrags und deren Abgeltung ist zul&#228;ssig, soweit dies gesch&#228;ftsm&#228;ssig begr&#252;ndet ist. Die Abgeltung eines solchen Konkurrenzverbots darf den Durchschnitt der Verg&#252;tung der letzten drei (3) Gesch&#228;ftsjahre nicht &#252;bersteigen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.45pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Non-competition obligations for the time following termination of an employment contract with members of the executive management and the associated compensation are permitted to the extent that they are justified from a business perspective. The compensation for such a non-competition obligations shall not exceed the average compensation of the last three (3) financial years.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_31"></a>
    <div id="header_page_31">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">31</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 31:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Grunds&#228;tze der Verg&#252;tungen f&#252;r die Mitglieder des Verwaltungsrates</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Verg&#252;tung der Mitglieder des Verwaltungsrates besteht, unter Vorbehalt der Genehmigung durch die Generalversammlung, aus einer fixen Verg&#252;tung und kann auch variable Verg&#252;tungselemente umfassen. Die fixe Verg&#252;tung umfasst ein fixes Grundhonorar und fixe Entsch&#228;digungen f&#252;r den Vorsitz und die Mitgliedschaften in den Verwaltungsratsaussch&#252;ssen oder f&#252;r Funktionen des Verwaltungsrats sowie eine pauschale Spesenentsch&#228;digung, die jeweils vom Gesamtverwaltungsrat auf Antrag des Verg&#252;tungsausschusses unter Vorbehalt und im Rahmen der durch die Generalversammlung genehmigten maximalen Gesamtverg&#252;tung festzusetzen sind. Eine variable Verg&#252;tung umfasst erfolgsabh&#228;ngige Verg&#252;tungselemente und Finanzinstrumente (z.B. performance stock units (PSU)) und richtet sich nach dem Erreichungsgrad bestimmter vom Verwaltungsrat im Voraus definierter strategischer und finanzieller Unternehmensziele &#252;ber eine vom Verwaltungsrat festzulegende Leistungsperiode. Die Verg&#252;tung der Verwaltungsratsmitglieder wird in bar, in Form von Beteiligungsinstrumenten der Gesellschaft und anderen Leistungen ausgerichtet.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 31:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Principles of Compensation relating to the Members of the Board of Directors</b></p>
                <p style="text-align: justify; margin-left: 18.3pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subject to approval by the shareholder's meeting, the compensation of the members of the board of directors consists of fixed compensation elements and may include variable compensation elements. The fixed compensation consists of a fixed base fee and fixed fees for chairpersonship and memberships in board committees or for roles of the board of directors as well as a lump sum compensation for expenses which are determined by the full board of directors based on the proposal of the compensation committee, subject to and within the limits of the aggregate maximum amounts approved by the shareholder's meeting. The variable compensation consists of performance-related compensation elements and financial instruments (e.g. performance stock units (PSU)) and depends on the achievement of strategic and/or financial targets set in advance by the board of directors over the course of a performance period defined by the board of directors. The compensation is awarded in cash, in form of equity instruments in the Company and other benefits.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Sofern die Verg&#252;tung ganz oder teilweise in Form von Beteiligungsinstrumenten ausbezahlt wird, legt der Verwaltungsrat die Zuteilungsbedingungen, Vesting-Bedingungen, Aus&#252;bungsbedingungen und -fristen sowie allf&#228;llige Sperrfristen und Verfallsbedingungen fest.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>In case the compensation is paid in whole or in part in equity instruments, the board of directors shall determine the grant, vesting, exercise, selling, and forfeiture restrictions and conditions.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_32"></a>
    <div id="header_page_32">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">32</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Mitglieder des Verwaltungsrats k&#246;nnen zus&#228;tzlich f&#252;r Beratungsleistungen zugunsten der Gesellschaft oder anderer Konzerngesellschaften, die sie nicht in ihrer Funktion als Mitglied des Verwaltungsrats erbringen, nach markt&#252;blichen Ans&#228;tzen in bar entsch&#228;digt werden unter Vorbehalt der Genehmigung durch die Generalversammlung.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The members of the board of directors providing consulting services to the Company or any of its group companies in a function other than as members of the board of directors may be compensated in cash according to standard market rates subject to approval by the shareholders' meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 60.05pt; text-indent: -60.05pt; margin-top: 0pt;"><b>Artikel 32:</b><font style="width: 13.54pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Grunds&#228;tze der Verg&#252;tungen f&#252;r die Mitglieder der Gesch&#228;ftsleitung</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Verg&#252;tung der Mitglieder der Gesch&#228;ftsleitung besteht, unter Vorbehalt der Genehmigung durch die Generalversammlung, aus einer fixen Verg&#252;tung sowie einer variablen Verg&#252;tung. Die fixe Verg&#252;tung umfasst das Grundgehalt und kann weitere Verg&#252;tungselemente und Leistungen umfassen. Die variable Verg&#252;tung kann aus kurzfristigen und langfristigen Verg&#252;tungselementen bestehen. Die Verg&#252;tung der Mitglieder der Gesch&#228;ftsleitung wird in bar, in Form von Beteiligungsinstrumenten der Gesellschaft und anderen Leistungen ausgerichtet.</p>
                <p style="margin-left: 17.45pt; text-align: justify; margin-bottom: 0pt;">Die kurzfristige variable Verg&#252;tung richtet sich nach dem Erreichungsgrad bestimmter vom Verwaltungsrat im Voraus definierter Ziele &#252;ber eine einj&#228;hrige Leistungsperiode, die in der Regel dem Gesch&#228;ftsjahr der Gesellschaft entspricht. Die Ziele werden f&#252;r jedes Gesch&#228;ftsleitungsmitglied unter Ber&#252;cksichtigung seiner/ihrer Position, Verantwortung und Aufgaben j&#228;hrlich vor oder zu Beginn der einj&#228;hrigen Leistungsperiode vom Verwaltungsrat festgelegt. Auszahlungen unterliegen Obergrenzen, die als festgelegte Multiplikatoren der jeweiligen Zielwerte ausgedr&#252;ckt werden k&#246;nnen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 32:</b><font style="width: 11.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Principles of Compensation relating to the Members of the Executive Management</b></p>
                <p style="text-align: justify; margin-left: 18.3pt; text-indent: -18pt;">1.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subject to approval by the shareholders' meeting, compensation for members of the executive management consists of fixed base compensation as well as variable compensation. The fixed compensation consists of the base compensation and may comprise additional compensation elements and benefits. The variable compensation may consist of short-term and long-term components. Compensation to members of the executive management may be awarded in cash, in form of equity instruments in the Company and other benefits.</p>
                <p style="margin-left: 18.3pt; text-align: justify; margin-bottom: 0pt;">The short-term variable compensation depends on the achievement of targets set in advance by the board of directors over the course of a one-year performance period, which typically corresponds with the business year of the Company. Targets shall be determined on an annual basis for each member of the executive management, taking into account his/her position, responsibilities, and tasks, before or at the beginning of the one-year performance period. Pay-outs shall be subject to caps that may be expressed as pre-determined multipliers of the respective target levels.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_33"></a>
    <div id="header_page_33">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">33</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die langfristige variable Verg&#252;tung ber&#252;cksichtigt den nachhaltigen, langfristigen Erfolg und die strategischen Ziele der Gesellschaft. Erfolge werden &#252;blicherweise anhand eines Zeitraumes von mehreren Jahren gemessen. Die langfristigen variablen Verg&#252;tungszahlungen unterliegen Obergrenzen, die als festgelegte Multiplikatoren der jeweiligen Zielwerte ausgedr&#252;ckt werden k&#246;nnen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The long-term variable compensation shall take into account the sustainable long-term performance and strategic objectives of the Company. Achievements are generally measured based on a period of several years. The long-term compensation pay-outs shall be subject to caps that may be expressed as pre-determined multipliers of the respective target levels.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat legt auf Antrag des Verg&#252;tungsausschusses Leistungskennzahlen, Zielh&#246;he und Zielerreichungsgrad sowie Zuteilungsbedingungen, Vesting-Bedingungen, Aus&#252;bungsbedingungen und -fristen sowie allf&#228;llige Sperrfristen und Verfallsbedingungen in Bezug auf zuzuteilende Beteiligungsinstrumente. Die Bedingungen k&#246;nnen insbesondere vorsehen, dass aufgrund des Eintritts im Voraus bestimmter Ereignisse wie eines Kontrollwechsels oder der Beendigung eines Arbeits- oder Mandatsverh&#228;ltnisses Vesting-Bedingungen, Aus&#252;bungsbedingungen und -fristen, Sperrfristen und Verfallsbedingungen weiter gelten, verk&#252;rzt oder aufgehoben werden, Verg&#252;tungen unter Annahme der Erreichung der Zielwerte ausgerichtet werden oder Verg&#252;tungen verfallen. Die Gesellschaft kann die erforderlichen Beteiligungsinstrumente auf dem Markt erwerben oder unter Nutzung ihres bedingten Kapitals bereitstellen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt;">3.<font style="width: 10.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors shall, at the request of the compensation committee, determine the performance metrics, target levels and target achievement as well as determine grant, vesting, exercise, selling, and forfeiture restrictions and conditions and periods in relation to equity instruments to be awarded. In particular, the conditions may provide for continuation, acceleration or removal of vesting, exercise, restriction and forfeiture conditions and periods, for payment or grant of compensation based upon assumed target achievement, or for forfeiture, in each case in the event of pre-determined events such as a change-of-control or termination of an employment or mandate agreement. The Company may procure the required equity instruments through purchases in the market or by using conditional share capital.</p>
                <p style="text-align: justify; margin-bottom: 0pt;">&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Verg&#252;tung kann durch die Gesellschaft oder durch von ihr kontrollierte Gesellschaften ausgerichtet werden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.3pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">4.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Compensation may be paid by the Company or companies under its control.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_34"></a>
    <div id="header_page_34">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">34</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-left: 60.05pt; text-indent: -60.05pt; margin-top: 0pt;"><b>Artikel 33:</b><font style="width: 9.04pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Schadloshaltung</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Unter Vorbehalt des OR und anderer anwendbarer Gesetze h&#228;lt die Gesellschaft aktuelle und ehemalige Mitglieder des Verwaltungsrates und der Gesch&#228;ftsleitung sowie deren Erben und gesetzlichen Vertreter f&#252;r alle zul&#228;ssigen Sanktionen, f&#252;r die eine solche Person haftet oder haftbar gemacht werden kann, schadlos, und die Gesellschaft erstattet nach dem endg&#252;ltigen Abschluss eines rechtm&#228;ssigen Verfahrens die tats&#228;chlich und angemessen angefallenen Auslagen, die dieser Person im Zusammenhang mit diesem Verfahren entstanden sind, vorausgesetzt , dass sich diese Schadloshaltung nicht auf Angelegenheiten bezieht, bei denen ein zust&#228;ndiges Gericht bzw. zust&#228;ndige Verwaltungsbeh&#246;rde in einem nicht weiterziehbaren Entscheid befunden hat, dass eine dieser Personen ihre gesetzlichen Pflichten als Mitglied des Verwaltungsrates oder der Gesch&#228;ftsleitung absichtlich oder grobfahrl&#228;ssig verletzt hat.</p>
                <p style="margin-left: 17.55pt; text-align: justify;">Vorbeh&#228;ltlich jeglicher Beschr&#228;nkungen im OR oder anderen anwendbaren Gesetzen kann die Gesellschaft jede weitere Personen schadlos halten.</p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>F&#252;r die Zwecke dieser Statuten bedeutet "zul&#228;ssigen Sanktionen" ein Urteil, eine Geldstrafe oder eine Geldbusse, die in einem zul&#228;ssigen Verfahren verh&#228;ngt oder auferlegt wurde, oder ein Betrag, der im Rahmen eines Vergleichs f&#252;r ein solches Verfahren gezahlt wurde.</p>
                <p style="margin-left: 17.55pt; text-align: justify; margin-bottom: 0pt;">F&#252;r die Zwecke dieser Statuten bedeutet "zul&#228;ssiges Verfahren" ein drohendes, h&#228;ngiges oder abgeschlossenes Gerichtsverfahren oder eine Untersuchung, in der ein aktuelles oder ehemaliges Verwaltungsratsmitglied oder ein aktuelles oder ehemaliges Gesch&#228;ftsleitungsmitglied ("berechtigte Partei") oder deren Erbe oder gesetzlicher Vertreter der berechtigten Partei aufgrund der Tatsache, dass die berechtigte Partei Verwaltungsratsmitglied oder Gesch&#228;ftsleitungsmitglied der Gesellschaft ist bzw. war, (i) als Partei vorgeladen ist oder werden kann, oder (ii) haftbar gemacht wird oder werden kann f&#252;r ein Urteil, eine Geldstrafe oder Geldbusse oder f&#252;r Kosten, Aufwendungen und Ausgaben im Zusammenhang mit dem Verfahren (einschliesslich Rechts- und anderer Geb&#252;hren, jedoch ohne Urteile, Geldstrafen, Geldbussen oder Betr&#228;ge, die im Rahmen eines Vergleichs eines Verfahrens gezahlt wurden).</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 33:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b> Indemnification</b></p>
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Subject to the CO and other applicable law, the Company shall indemnify the existing and former members of the board of directors and executive management of the Company, and their heirs, and legal personal representatives against all eligible penalties to which such person is or may be liable, and the Company shall, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding, provided, however, that this indemnity shall not extend to any matter in which any of said persons is found, in a final judgment or decree of a court or governmental or administrative authority of competent jurisdiction not subject to appeal, to have committed an intentional or grossly negligent breach of his or her statutory duties as a member of the board of directors or executive management of the Company.</p>
                <p style="margin-left: 18.8pt; text-align: justify;">Subject to any restrictions in the CO or other applicable law, the Company may indemnify any person.&#160; &#160; &#160; &#160; &#160; &#160; &#160;</p>
                <p style="margin-left: 18.7pt; text-indent: -18pt; text-align: justify;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>For the purposes of these articles of association, "eligible penalty" means a judgement, penalty or fine awarded or imposed in, or an amount paid for in settlement of, an eligible proceeding.&#160; &#160; &#160; &#160; &#160; &#160; &#160;</p>
                <p style="margin-left: 18.7pt; text-align: justify;">For the purposes of these articles of association, "eligible proceeding" means a legal proceeding or investigative action, whether current, threatened, pending or completed, in which a director or former director or member of executive management or former member of executive management (an "eligible party") or any of the heirs and legal personal representatives of the eligible party, by reason of the eligible party being or having been a director or member of executive management of the Company (i) is or may be joined as a party, or (ii) is or may be liable for or in respect of a judgement, penalty or fine in, or costs, charges, and expenses (including legal and other fees, but excluding judgements, penalties, fine or amounts paid in settlement of a proceeding) related to the proceeding.</p>
                <p style="text-align: justify; margin-bottom: 0pt;">&#160;</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_35"></a>
    <div id="header_page_35">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">35</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 34:</b><font style="width: 10.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Darlehen, Kredite, Vorsorgeleistungen ausserhalb der beruflichen Vorsorge, Sicherheiten</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft oder von ihr kontrollierte Gesellschaften d&#252;rfen den Mitgliedern des Verwaltungsrats und der Gesch&#228;ftsleitung keine Darlehen gew&#228;hren.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 34:</b><font style="width: 11.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Loans, Credits, Pension Benefits other than from Occupational Pension Funds, Securities</b></p>
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company or companies under its control shall not grant any loans to members of the board of directors or the executive management.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft oder von ihr kontrollierte Gesellschaften k&#246;nnen den Mitgliedern des Verwaltungsrates und der Gesch&#228;ftsleitung &#252;ber die berufliche Vorsorge hinausgehende Vorsorgeleistungen gew&#228;hren, welche die zuletzt ausbezahlte j&#228;hrliche Verg&#252;tung des jeweiligen Mitglieds des Verwaltungsrates oder der Gesch&#228;ftsleitung nicht &#252;bersteigen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Company or companies controlled by it may grant to members of the board of directors and the executive management post-retirement benefits beyond the occupational benefit schemes, which do not exceed the annual compensation of the respective member of the board of directors or the executive management last paid.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 35:</b><font style="width: 11.19pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Zusatzbetrag f&#252;r Verg&#252;tungen f&#252;r neue Mitglieder der Gesch&#228;ftsleitung</b></p>
                <p style="text-align: justify; margin-left: 18pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Soweit neue Mitglieder der Gesch&#228;ftsleitung ernannt werden und ihre Stelle antreten, nachdem die Generalversammlung die maximale Gesamtverg&#252;tung f&#252;r die Mitglieder der Gesch&#228;ftsleitung f&#252;r das kommende Gesch&#228;ftsjahr genehmigt hat, darf die Gesellschaft und von ihr kontrollierte Gesellschaften diesen neuen Mitgliedern eine Verg&#252;tung von je maximal 40% der von der Generalversammlung letztmals f&#252;r die Gesch&#228;ftsleitung genehmigten maximalen Gesamtverg&#252;tung ausgerichtet werden.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 35:</b><font style="width: 11.42pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Additional Amounts of Compensation for new Members of the Executive Management</b></p>
                <p style="text-align: justify; margin-left: 18.8pt; text-indent: -18pt; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>If newly appointed members of the executive management take office after the shareholders' meeting has approved the aggregate maximum amount of compensation of the members of the executive management for the next business year, such newly appointed members may receive from the Company or companies under its control, a compensation in each case of up to 40% of the last aggregate maximum amount of compensation for the executive management approved by the shareholders' meeting.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_36"></a>
    <div id="header_page_36">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">36</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 24.75pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Dieser Zusatzbetrag darf nur verwendet werden, wenn der von der Generalversammlung beschlossene Gesamtbetrag der Verg&#252;tungen der Gesch&#228;ftsleitung bis zur n&#228;chsten ordentlichen Generalversammlung nicht ausreicht f&#252;r Verg&#252;tungen der neuen Mitglieder. &#220;ber den verwendeten Zusatzbetrag stimmt die Generalversammlung nicht ab.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>This additional amount of compensation may only be paid, if the aggregate amount of compensation for the executive management that has been approved by the shareholders' meeting until the next shareholders' meeting is not sufficient to compensate the newly appointed members. The shareholders' meeting may not vote on this additional amount.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Gesellschaft darf im Rahmen dieses Zusatzbetrags einem neu eintretenden Mitglied der Gesch&#228;ftsleitung eine zus&#228;tzliche einmalige Verg&#252;tung in bar und/oder in Form von Beteiligungsinstrumenten zum Ausgleich von durch den Stellenwechsel erlittenen Nachteilen gew&#228;hren. Reicht der Zusatzbetrag zum Ausgleich der genannten Nachteile nicht aus, so ist der den Zusatzbetrag &#252;bersteigende Betrag der Antrittspr&#228;mie durch die n&#228;chste ordentliche Generalversammlung zu genehmigen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">3.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Within this additional amount of compensation, the Company can provide additional one-off remuneration in cash and/or equity instruments to compensate a newly joining member of the executive management for disadvantages incurred in connection with the change of employment. If the additional amount is not sufficient to compensate for the disadvantages, the part of the bonus surpassing the additional amount has to be approved by the next ordinary shareholders' meeting.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>VII.</b><font style="width: 37.44pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Verschiedenes</b></p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt; margin-bottom: 0pt;"><b>VII.</b><font style="width: 37.44pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Miscellaneous</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 36:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Gesch&#228;ftsjahr, Jahresrechnung</b><font style="width: 12.03pt; text-indent: 0pt; display: inline-block;">&#160;</font><br><b> </b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der Verwaltungsrat bestimmt den Beginn und das Ende eines Gesch&#228;ftsjahrs.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 36:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Business Year, Financial Statements</b></p>
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The board of directors determines the beginning and the end of the business year.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Jahresrechnung, bestehend aus der Erfolgsrechnung, der Bilanz und dem Anhang, wird gem&#228;ss den Vorschriften des OR aufgestellt.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-variant: small-caps;">2.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The financial statements, consisting of the profit and loss statement, the balance sheet and the annex, shall be drawn up in accordance with the provisions of the CO.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_37"></a>
    <div id="header_page_37">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">37</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 37:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Mitteilungen und Bekanntmachungen</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Publikationsorgan der Gesellschaft ist das Schweizerische Handelsamtsblatt (SHAB). Der Verwaltungsrat kann weitere Publikationsorgane bestimmen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 37:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Notices and Announcements</b><br><b> </b></p>
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The publication instrument of the Company is the Swiss Official Gazette of Commerce. The board of directors may determine other organs of publication.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Mitteilungen der Gesellschaft an die Aktion&#228;re sowie andere Bekanntmachungen erfolgen durch Publikation im Schweizerischen Handelsamtsblatt (SHAB) und/oder k&#246;nnen stattdessen oder zus&#228;tzlich versandt werden (i) per Brief an ihre im Aktienregister eingetragenen Adressen, der mit normaler Post verschickt wird, (ii) per E-Mail oder (iii) in einer anderen Form, die der Verwaltungsrat f&#252;r angemessen h&#228;lt.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Notices by the Company to the shareholders and other announcements may be validly given by publication in the Swiss Official Gazette of Commerce and/or instead or in addition be sent (i) by letter to the addresses registered in the share register sent by ordinary mail, (ii) by e-mail, or (iii) in any other form the board of directors deems appropriate.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 38:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Liquidation</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Liquidation wird durch den Verwaltungsrat durchgef&#252;hrt, sofern sie nicht durch die Generalversammlung anderen Personen &#252;bertragen wird.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 38:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Liquidation</b></p>
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;"><font style="font-variant: small-caps;">1.</font><font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The liquidation shall be carried out by the board of directors to the extent that the shareholders' meeting has not entrusted the same to other persons.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Die Liquidation der Gesellschaft erfolgt nach Massgabe der Art. 742 ff. OR. Die Liquidatoren sind erm&#228;chtigt, Aktiven (Grundst&#252;cke eingeschlossen) auch freih&#228;ndig zu verkaufen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The liquidation of the Company shall take place in accordance with art. 742 et seq. CO. The liquidators are authorized to dispose of the assets (including real estate) by way of private contract.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 39:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Gerichtsstand</b></p>
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Der ausschliessliche Gerichtsstand f&#252;r s&#228;mtliche aus dem Gesellschaftsverh&#228;ltnis entstehenden Streitigkeiten befindet sich am Sitz der Gesellschaft.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 39:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Jurisdiction</b></p>
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-bottom: 0pt;">1.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>The exclusive place of jurisdiction for all disputes arising from the corporate relationship shall be at the registered office of the Company.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Unbeschadet des im vorstehenden Absatz vereinbarten Gerichtsstands kann die Gesellschaft, falls sie es vorzieht, ihre Organe oder Aktion&#228;re an deren ordentlichem Gerichtsstand bei dem sachlich zust&#228;ndigen Gericht belangen.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 18.8pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">2.<font style="width: 11pt; text-indent: 0pt; display: inline-block;">&#160;</font>Without prejudice to the place of jurisdiction agreed in the preceding paragraph, the Company may, if it so prefers, take legal action against its executive bodies or shareholders before the competent court at their ordinary place of jurisdiction.</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_38"></a>
    <div id="header_page_38">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">38</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <br>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Artikel 40:</b><font style="width: 5.69pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Verbindlicher Originaltext</b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">Massgebender Text der vorliegenden Statuten ist der deutsche Text.</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="margin-left: 56.7pt; text-indent: -56.7pt; margin-top: 0pt;"><b>Article 40:</b><font style="width: 6.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Original Text Binding</b></p>
                <p style="text-align: justify; margin-bottom: 0pt;">The authoritative text of these articles of association is the German text.</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Vancouver, 17. Januar 2025</p>
            </td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><b>&#160;</b></p>
            </td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">
                <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Vancouver, 17 January 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top; border-bottom: 0.75pt solid #000000;">&#160;</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top; border-bottom: 0.75pt solid #000000;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 48%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">Alun Robert George Doyle</td>
            <td style="width: 4%; padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">&#160;</td>
            <td style="padding-right: 3.55pt; padding-left: 3.55pt; vertical-align: top;">Oleksandr Shulga</td>
        </tr>
    </table>
    <p style="text-align: justify;">&#160;</p>
    <p style="text-align: justify;">&#160;</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_39"></a>
    <div id="header_page_39">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">39</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Inhaltsverzeichnis </b></p>
    <p style="margin-top: 0pt; text-align: justify;"><i><b>Table of Contents</b></i></p>
    <table style="font-size: 10pt; width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_1">I.<font style="width: 23.64pt; text-indent: 0pt; display: inline-block;">&#160;</font>Allgemeine Bestimmungen</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_1">1</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_1"><i>I.</i><font style="width: 23.64pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>General Provisions</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_1"><i>1</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_1">Artikel 1:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Firma, Sitz, Dauer</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_1">1</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_1"><i>Article 1:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Corporate Name, Registered Office, Duration</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_1"><i>1</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_1">Artikel 2:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Zweck</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_1">1</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_1"><i>Article 2:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Purpose</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_1"><i>1</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_2">II.<font style="width: 19.97pt; text-indent: 0pt; display: inline-block;">&#160;</font>Aktienkapital</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_2">2</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_2"><i>II.</i><font style="width: 19.97pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Share Capital</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_2"><i>2</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_2">Artikel 3:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Anzahl Aktien, Nominalwert, Art</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_2">2</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_2"><i>Article 3:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Number of Shares, Par Value, Type</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_2"><i>2</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_2">Artikel 4:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Kapitalband</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_2">2</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_2"><i>Article 4:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Capital Band</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_2"><i>2</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_6">Artikel 5:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bedingtes Aktienkapital f&#252;r Aktienbeteiligungsprogramme</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_6">6</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_6"><i>Article 5:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Conditional Share Capital for Equity Incentive Plans</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_6"><i>6</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_7">Artikel 6:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Bedingtes Aktienkapital f&#252;r Finanzierungszwecke</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_7">7</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_7"><i>Article 6:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Conditional Share Capital for Financing Purposes</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_7"><i>7</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_9">Artikel 7:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Form der Aktien</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_9">9</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_9"><i>Article 7:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Form of Shares</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_9"><i>9</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_10">Artikel 8:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Anerkennung der Statuten</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_10">10</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_10"><i>Article 8:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Recognition of Articles</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_10"><i>10</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_10">Artikel 9:<font style="width: 12.54pt; text-indent: 0pt; display: inline-block;">&#160;</font>Aktienbuch, Rechtsaus&#252;bung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_10">10</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_11"><i>Article 9:</i><font style="width: 13.15pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Share Register, Exercise of Rights</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_11"><i>11</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_13">III.<font style="width: 16.31pt; text-indent: 0pt; display: inline-block;">&#160;</font>Generalversammlung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_13">13</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_13"><i>III.</i><font style="width: 16.31pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Shareholders' Meeting</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_13"><i>13</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_13">Artikel 10:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Ordentliche und ausserordentliche Generalversammlungen</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_13">13</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_13"><i>Article 10:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Ordinary and Extraordinary Shareholders' Meetings</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_13"><i>13</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_13">Artikel 11:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Einberufung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_13">13</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_13"><i>Article 11:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Convening</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_13"><i>13</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_14">Artikel 12:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Traktanden</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_14">14</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_14"><i>Article 12:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Agenda</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_14"><i>14</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_15">Artikel 13:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Tagungsort</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_15">15</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_15"><i>Article 13:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Venue</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_15"><i>15</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_15">Artikel 14:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Vorsitz, Protokolle</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_15">15</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_15"><i>Article 14:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Chair, Minutes</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_15"><i>15</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_16">Artikel 15:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Befugnisse</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_16">16</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_16"><i>Article 15:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Authorities</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_16"><i>16</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_17">Artikel 16:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Beschlussfassung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_17">17</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_17"><i>Article 16:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Resolutions, Quorum</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_17"><i>17</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_18">Artikel 17:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Wichtige Beschl&#252;sse</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_18">18</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_18"><i>Article 17:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Important Resolutions</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_18"><i>18</i></a></td>
        </tr>
    </table>
    <p style="margin-left: 85.05pt; text-indent: -55pt; margin-top: 0pt; text-align: justify;"><font style="color: #000000;">&#160;</font></p>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_40"></a>
    <div id="header_page_40">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">40</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <table style="font-size: 10pt; width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_20">Artikel 18:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Besondere Beschl&#252;sse</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_20">20</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_20"><i>Article 18:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Special Resolutions</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_20"><i>20</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_20">Artikel 19:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Abstimmung &#252;ber Verg&#252;tung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_20">20</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_20"><i>Article 19:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Votes on Compensation</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_20"><i>20</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_22">Artikel 20:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Unabh&#228;ngiger Stimmrechtsvertreter</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_22">22</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_22"><i>Article 20:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Independent Proxy</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_22"><i>22</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_22">IV.<font style="width: 15.69pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verwaltungsrat</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_22">22</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_22"><i>IV.</i><font style="width: 16.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Board of Directors</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_22"><i>22</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_22">Artikel 21:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Anzahl, Amtsdauer, Konstituierung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_22">22</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_22"><i>Article 21:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Number, Tenure, Organization</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_22"><i>22</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_23">Artikel 22:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Organisation und Protokoll</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_23">23</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_23"><i>Article 22:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Organization and Minutes</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_23"><i>23</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_23">Artikel 23:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Oberleitung, Delegation</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_23">23</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_23"><i>Article 23:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Ultimate Management, Delegation</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_23"><i>23</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_24">Artikel 24:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Aufgaben</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_24">24</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_24"><i>Article 24:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Duties</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_24"><i>24</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_25">Artikel 25:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verwaltungsratsaussch&#252;sse</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_25">25</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_25"><i>Article 25:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Committees of the Board of Directors</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_25"><i>25</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_25">Artikel 26:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verg&#252;tungsausschuss</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_25">25</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_25"><i>Article 26:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Compensation Committee</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_25"><i>25</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_27">V.<font style="width: 19.36pt; text-indent: 0pt; display: inline-block;">&#160;</font>Revisionsstelle</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_27">27</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_27"><i>V.</i><font style="width: 20.58pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Auditor</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_27"><i>27</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_27">Artikel 27:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Wahl, Anforderungen</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_27">27</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_27"><i>Article 27:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Election, Qualification</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_27"><i>27</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_28">Artikel 28:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Aufgaben</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_28">28</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_28"><i>Article 28:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Duties</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_28"><i>28</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_28">VI.<font style="width: 15.69pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verg&#252;tungen und damit zusammenh&#228;ngende Bestimmungen</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_28">28</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_28"><i>VI.</i><font style="width: 16.92pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Compensation and Related Provisions</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_28"><i>28</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_28">Artikel 29:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Zul&#228;ssige weitere T&#228;tigkeiten</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_28">28</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_28"><i>Article 29:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Permitted Additional Activities</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_28"><i>28</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_30">Artikel 30:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Vertr&#228;ge, die den Verg&#252;tungen f&#252;r Mitglieder des Verwaltungsrates und der Gesch&#228;ftsleitung zugrunde liegen</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_30">30</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_30"><i>Article 30:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Agreements related to Compensation of Members of the Board of Directors and the Executive Management</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_30"><i>30</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_31">Artikel 31:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Grunds&#228;tze der Verg&#252;tungen f&#252;r die Mitglieder des Verwaltungsrates</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_31">31</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_31"><i>Article 31:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Principles of Compensation relating to the Members of the Board of Directors</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_31"><i>31</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_32">Artikel 32:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Grunds&#228;tze der Verg&#252;tungen f&#252;r die Mitglieder der Gesch&#228;ftsleitung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_32">32</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_32"><i>Article 32:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Principles of Compensation relating to the Members of the Executive Management</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_32"><i>32</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_34">Artikel 33:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Schadloshaltung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_34">34</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_34">Vorbeh&#228;ltlich jeglicher Beschr&#228;nkungen im OR oder anderen anwendbaren Gesetzen kann die Gesellschaft jede weitere Personen schadlos halten.</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_34">34</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_34"><i>Article 33:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Indemnification</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_34"><i>34</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_35">Artikel 34:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Darlehen, Kredite, Vorsorgeleistungen ausserhalb der beruflichen Vorsorge, Sicherheiten</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_35">35</a></td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_41"></a>
    <div id="header_page_41">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">41</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <table style="font-size: 10pt; width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_35"><i>Article 34:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Loans, Credits, Pension Benefits other than from Occupational Pension Funds, Securities</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_35"><i>35</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_35">Artikel 35:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Zusatzbetrag f&#252;r Verg&#252;tungen f&#252;r neue Mitglieder der Gesch&#228;ftsleitung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_35">35</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_35"><i>Article 35:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Additional Amounts of Compensation for new Members of the Executive Management</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_35"><i>35</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_36">VII.<font style="width: 12.03pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verschiedenes</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_36">36</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt; background-color: #eeeeee;"><a href="#page_36"><i>VII.</i><font style="width: 13.25pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Miscellaneous</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_36"><i>36</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 30.05pt; text-indent: -30.05pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_36">Artikel 36:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Gesch&#228;ftsjahr, Jahresrechnung</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_36">36</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_36"><i>Article 36:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Business Year, Financial Statements</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_36"><i>36</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_37">Artikel 37:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Mitteilungen und Bekanntmachungen</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_37">37</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_37"><i>Article 37:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Notices and Announcements</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_37"><i>37</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_37">Artikel 38:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Liquidation</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_37">37</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_37"><i>Article 38:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Liquidation</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_37"><i>37</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_37">Artikel 39:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Gerichtsstand</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_37">37</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_37"><i>Article 39:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Jurisdiction</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_37"><i>37</i></a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_38">Artikel 40:<font style="width: 7.04pt; text-indent: 0pt; display: inline-block;">&#160;</font>Verbindlicher Originaltext</a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_38">38</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt;">&#160;</td>
            <td style="width: 5%; text-align: right;">&#160;</td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 85.05pt; text-indent: -55pt; background-color: #eeeeee;"><a href="#page_38"><i>Article 40:</i><font style="width: 7.65pt; text-indent: 0pt; display: inline-block;">&#160;</font><i>Original Text Binding</i></a></td>
            <td style="width: 5%; text-align: right; background-color: #eeeeee;"><a href="#page_38"><i>38</i></a></td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_42"></a>
    <div id="header_page_42">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000;">
                    <p><b>Statuten / Articles of Association</b></p>
                </td>
                <td style="width: 11%; vertical-align: top; border-bottom: 0.75pt solid #000000;">
                    <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;">42</p>
                </td>
            </tr>
            <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                    <p style="margin-right: 39.7pt; margin-top: 0pt; margin-bottom: 0pt;">&#160;</p>
                </td>
            </tr>
        </table>
    </div>
    <p style="margin-bottom: 0pt; text-align: center;"><font style="font-size: 14pt;"><b>Beglaubigung</b></font></p>
    <p style="margin-top: 0pt; text-align: center;"><font style="font-size: 14pt;"><i><b>LEGALIZATION</b></i></font></p>
    <p style="margin-bottom: 0pt; text-align: justify;">Ich, Nathan Andrij Pelech, aus der Stadt Vancouver in der Provinz British Columbia, &#246;ffentlicher Notar in und f&#252;r die Provinz Ontario, Kanada beglaubige hiermit, dass die vorliegenden Statuten jenen entsprechen, die am 17. Januar 2025 anl&#228;sslich der ausserordentlichen Generalversammlung der Lithium Americas (Argentina) Corp. mit Sitz in Vancouver, Kanada, genehmigt worden sind.</p>
    <p style="margin-top: 0pt; text-align: justify;"><i>I, Nathan Andrij Pelech, of the City of Vancouver, in the Province of British Columbia, a Notary Public in and for the Province of Ontario, do certify that the present articles of association marked with my Notarial Seal, correspond to the version approved on 17 January 2025 on the occasion of the extraordinary general meeting of Lithium Americas (Argentina) Corp., with registered office in Vancouver, Canada. </i></p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>ZU URKUND DESSEN </b>habe ich hierauf am 17. Januar 2025 in der Stadt Vancouver in der Provinz British Columbia mit meinem Namen unterzeichnet und mein Amtssiegel angebracht.</p>
    <p style="margin-top: 0pt; text-align: justify;"><i><b>IN TESTIMONY WHEREOF </b>I have hereunto subscribed my name and affixed my seal of office at the City of Vancouver, in the Province of British Columbia this 17th day of January, 2025.</i></p>
    <p style="margin-bottom: 0pt; text-align: justify;">Vancouver, 17. Januar 2025</p>
    <p style="margin-top: 0pt; text-align: justify;"><i>Vancouver, </i>17 <i>January</i> <i>2025</i></p>
    <p style="margin-bottom: 0pt; text-align: justify;">Der Notar:</p>
    <p style="margin-top: 0pt; text-align: justify;"><i>The notary public:</i></p>
    <p style="margin-top: 0pt; text-align: justify;">&#160;</p>
    <p style="margin-bottom: 0pt; text-align: justify;">____________________________</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Nathan Andrij Pelech</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">&#214;ffentlicher Notar</p>
    <p style="margin-top: 0pt; text-align: justify;"><i>Notary Public</i></p>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>3
<FILENAME>exhibit3-2.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
<html>

<head>
    <title>Lithium Americas (Argentina) Corp.: Exhibit 3.2 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="margin-bottom: 0pt; text-align: center;"><font style="vertical-align: 2pt;"><b>LITHIUM ARGENTINA AG</b></font><br>(the "<b>Company</b>")</p>
    <p style="margin-top: 0pt; text-align: center;"><b>BY-LAWS</b></p>
    <table style="font-size: 10pt; width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt; background-color: #eeeeee;"><a href="#page_2">1.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>INTERPRETATION</a></td>
            <td style="width: 10%; text-align: right; background-color: #eeeeee;"><a href="#page_2">2</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt;"><a href="#page_2">2.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>SCOPE AND BASIS</a></td>
            <td style="width: 10%; text-align: right;"><a href="#page_2">2</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt; background-color: #eeeeee;"><a href="#page_2">3.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>THE BOARD</a></td>
            <td style="width: 10%; text-align: right; background-color: #eeeeee;"><a href="#page_2">2</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt;"><a href="#page_6">4.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>DISCLOSURE OF INTEREST</a></td>
            <td style="width: 10%; text-align: right;"><a href="#page_6">6</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt; background-color: #eeeeee;"><a href="#page_7">5.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>MANAGEMENT</a></td>
            <td style="width: 10%; text-align: right; background-color: #eeeeee;"><a href="#page_7">7</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt;"><a href="#page_8">6.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>COMMITTEES</a></td>
            <td style="width: 10%; text-align: right;"><a href="#page_8">8</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt; background-color: #eeeeee;"><a href="#page_9">7.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>INDEMNIFICATION AND INSURANCE</a></td>
            <td style="width: 10%; text-align: right; background-color: #eeeeee;"><a href="#page_9">9</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt;"><a href="#page_10">8.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>NOTICES</a></td>
            <td style="width: 10%; text-align: right;"><a href="#page_10">10</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt; background-color: #eeeeee;"><a href="#page_10">9.<font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>GENERAL PROVISIONS</a></td>
            <td style="width: 10%; text-align: right; background-color: #eeeeee;"><a href="#page_10">10</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt;"><a href="#page_10">10.<font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font>DOCUMENTS, RECORDS AND REPORTS</a></td>
            <td style="width: 10%; text-align: right;"><a href="#page_10">10</a></td>
        </tr>
        <tr>
            <td style="text-align: left; padding-left: 43.95pt; text-indent: -35.95pt; background-color: #eeeeee;"><a href="#page_11">11.<font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font>FINAL PROVISION</a></td>
            <td style="width: 10%; text-align: right; background-color: #eeeeee;"><a href="#page_11">11</a></td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: justify;"><b>1.</b><font style="width: 28.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>INTERPRETATION</b></p>
    <p style="text-align: justify;"><b>1.1</b><font style="width: 23.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Definitions</b></p>
    <p style="text-align: justify;">In these By-laws, unless otherwise defined herein and/or the context otherwise requires:</p>
    <p style="text-align: justify;">(1)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>"Articles" mean the Articles of Association of the Company, as amended from time to time;</p>
    <p style="text-align: justify;">(2)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>"Board of Directors", "Board" and "Director" mean the members of the board of directors of the Company for the time being or any one among them, as applicable;</p>
    <p style="text-align: justify;">(3)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>"By-law" means these by-laws, as amended from time to time;</p>
    <p style="text-align: justify;">(4)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>"Company" means Lithium Argentina AG.</p>
    <p style="text-align: justify;">(5)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>"legal personal representative" means the personal or other legal representative of a shareholder; and</p>
    <p style="text-align: justify;">(6)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>"Swiss Code of Obligations" or "CO" means the <i>Swiss Code of Obligations </i>dated as of March 30, 1911,<i> </i>as amended from time to time.</p>
    <p style="text-align: justify;"><b>2.</b><font style="width: 28.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>SCOPE AND BASIS</b></p>
    <p style="text-align: justify;">These By-laws are enacted by the Board pursuant to article 716b of the Swiss Code of Obligations and the Company's Articles.</p>
    <p style="text-align: justify;">The Board may, from time to time, pass by-laws, charters, mandates, policies, procedures or other instruments which, together with these By-laws and the Articles, govern the corporate governance, the internal organization and the duties, powers and responsibilities of the executive bodies of the Company.</p>
    <p style="text-align: justify;">These By-laws govern the powers and functions of the following bodies:</p>
    <p style="text-align: justify;">(a)<font style="width: 5.06pt; text-indent: 0pt; display: inline-block;">&#160;</font>the Board;</p>
    <p style="text-align: justify;">(b)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>the committees of the Board;</p>
    <p style="text-align: justify;">(c)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>the executive management of the Company.</p>
    <p style="text-align: justify;"><b>3.</b><font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>THE BOARD</b></p>
    <p style="text-align: justify;">The Board shall determine, to the extent permissible by law, its own organization.</p>
    <p style="text-align: justify;"><b>3.1</b><font style="width: 22.16pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Organization, the Chair</b></p>
    <p style="text-align: justify;">(a)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>The shareholders elect the chairperson of the Board (the "<b>Chair</b>") in accordance with the Swiss Code of Obligations and the Articles. The Chair leads the Board in all aspects of its work and is responsible for effectively managing the affairs of the Board and ensuring that the Board is properly organized and functions efficiently. The Chair also advises the Chief Executive Officer in all matters concerning the interests of the Board and the relationships between members of management and the Board. In addition, the Chair shall have all duties and responsibilities as set forth by applicable law, the Articles and as set forth in any applicable Company bylaws, mandates, policies, charters or corporate governance frameworks.</p>
    <div id="footer_page_2">
        <p style="text-align: center;">2</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: justify;">(b)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>If the Chair is not an independent Director within the meaning of applicable securities laws, the Board may appoint a Director to act as an independent Board leader (the "<b>Lead Director</b>") to provide leadership to the independent Directors, collaborate with the Chair in providing leadership to the Board to enable in fulfilling its responsibilities, and perform such other duties and responsibilities as the Board may determine.</p>
    <p style="text-align: justify;"><b>3.2</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Powers and Duties of the Board</b></p>
    <p style="text-align: justify;">(a)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Board is responsible for the stewardship of the Company and for the oversight of the Company's management and the management of its business. This includes setting long-term goals and objectives for the Company, formulating plans and strategies necessary to achieve stated objectives and supervising management in their implementation of stated objectives.</p>
    <p style="text-align: justify;">(b)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Board has such non-transferable duties and competences as required by applicable law and shall be authorized to pass resolutions on all matters not reserved to the shareholders' meeting or to any other executive body by applicable law, the Articles or these By-laws. Subject to the limitations of applicable law, the Board has such additional powers, duties and responsibilities as the Board may determine from time to time, including those as set forth in any applicable Company bylaws, policies, charters or corporate governance frameworks.</p>
    <p style="text-align: justify;">(c)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Board may set the remuneration of the auditor without the prior approval of the shareholders.</p>
    <p style="text-align: justify;">(d)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>In accordance with the Articles and subject to applicable law, the Board is authorized to issue, among other things, share purchase warrants, options, convertible securities and rights upon such terms and conditions as the Board determines, which share purchase warrants, options, convertible securities and rights may be issued alone or in conjunction with debentures, debenture stock, bonds, shares or any other securities issued or created by the Company from time to time.</p>
    <p style="text-align: justify;"><b>3.3</b><font style="width: 20.71pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Delegation of Management</b></p>
    <p style="text-align: justify;">The Board delegates management of the Company to the Chief Executive Officer and the other members of the executive management of the Company, except for (i) the non-transferable duties of the Board pursuant to applicable law and (ii) any duties and competencies retained by the Board according to its delegation of authority or any other policies or procedures adopted by the Board as set forth by applicable charters, mandates, regulations or frameworks.</p>
    <p style="text-align: justify;"><b>3.4</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Delegation of Authority</b></p>
    <p style="text-align: justify;">The Board may from time to time, by power of attorney or other instrument, appoint any person, whether nominated directly or indirectly by the Board to be the attorney of the Company, and may delegate to such person any of the Board's powers, authorities and discretions for such period and subject to such conditions as it may think fit, including, subject to any approval required by shareholders, remuneration. Notwithstanding the foregoing, the Board cannot delegate any of its powers and duties that are non-transferable pursuant to applicable law nor may it delegate the power or duty to change the membership of any committee of the Board nor the power or duty to appoint or remove executive management appointed by the Board. The Board may revoke or vary any such appointment or delegation, but no person dealing in good faith and without notice of such revocation or variation shall be affected by any such revocation or variation. Any such power of attorney or other document may contain such provisions for the protection or convenience of persons dealing with such attorney as the Directors think fit. Any such attorney may be authorized by the Directors to sub-delegate all or any of the powers, authorities and discretions for the time being vested in him or her.</p>
    <div id="footer_page_3">
        <p style="text-align: center;">3</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_4"></a>
    <p style="text-align: justify;"><b>3.5</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Proceedings of the Board</b></p>
    <p style="text-align: justify;">(a)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Meetings of the Board</u></p>
    <p style="text-align: justify;">The Board may meet together for the conduct of business, adjourn and otherwise regulate their meetings as they think fit, and Board meetings held at regular intervals may be held at the place, at the time and on the notice, if any, as the members of the Board may from time to time determine.</p>
    <p style="text-align: justify;">(b)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Voting at Meetings</u></p>
    <p style="text-align: justify;">Questions arising at any Board meeting are to be decided by a majority of votes, whereby abstentions shall be disregarded for purposes of establishing the majority. In the case of an equality of votes, the chairperson of the meeting does not have a second or casting vote and the relevant resolution shall be considered to have failed. Directors may not be represented by alternates or other Directors in a meeting of the Board.</p>
    <p style="text-align: justify;">(c)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Chair of Meetings</u></p>
    <p style="text-align: justify;">The following individual is entitled to preside as chairperson at a Board meeting:</p>
    <p style="text-align: justify;">(1)<font style="width: 22.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>the Chair, as elected by shareholders;</p>
    <p style="text-align: justify;">(2)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>in the absence of the Chair, the Lead Director, if any;</p>
    <p style="text-align: justify;">(3)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>in the absence of the Chair and Lead Director, if any, the president or Chief Executive Officer, if any, if the president or Chief Executive Officer is a Director; or</p>
    <p style="text-align: justify;">(4)<font style="width: 22.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>any other Director chosen by the Board if:</p>
    <p style="text-align: justify; margin-left: 35pt;">(a)<font style="width: 23.06pt; text-indent: 0pt; display: inline-block;">&#160;</font>none of the Chair, the Lead Director, if any, or the president or Chief Executive Officer, if a Director, is present at the meeting within 15 minutes after the time set for holding the meeting;</p>
    <p style="text-align: justify; margin-left: 35pt;">(b)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>none of the Chair, the Lead Director, if any, or the president or Chief Executive Officer, if a Director, is willing to chair the meeting; or</p>
    <p style="text-align: justify; margin-left: 35pt;">(c)<font style="width: 23.17pt; text-indent: 0pt; display: inline-block;">&#160;</font>the Chair, the Lead Director, if any, and the president or Chief Executive Officer, if a Director, have advised the secretary, if any, or any other Director, that they will not be present at the meeting.</p>
    <p style="text-align: justify;">(d)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Meetings by Telephone or Other Electronic Communication Means</u></p>
    <p style="text-align: justify;">A Director may participate in a meeting of the Board or of any committee thereof (i) in person or (ii) by electronic communication means (such as telephone, video conference, etc.), if all members of the Board participating in the meeting, whether in person or by telephone or other electronic communication means, are able to communicate with each other and if all Directors who wish to participate in the meeting agree to such participation and no one requests a meeting in person. A Director who participates in a meeting in a manner contemplated by this Article 3.5(d) is deemed for all purposes of the Swiss Code of Obligations<i> </i>and these By-laws to be present at the meeting and to have agreed to participate in that manner.</p>
    <div id="footer_page_4">
        <p style="text-align: center;">4</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_5"></a>
    <p style="text-align: justify;">(e)<font style="width: 6.06pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Calling of Meetings</u></p>
    <p style="text-align: justify;">A Director may, and the secretary or an assistant secretary of the Company, if any, on the request of a Director must, call a meeting of the Board at any time.</p>
    <p style="text-align: justify;">(f)<font style="width: 7.62pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Notice of Meetings</u></p>
    <p style="text-align: justify;">Other than for meetings held at regular intervals as determined by the Board pursuant to Article 3.5(a), reasonable notice of each meeting of the Board, specifying the place, day and time of that meeting must be given to each of the Directors by any method set out in Article 8 or orally or by telephone.</p>
    <p style="text-align: justify;">(g)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>When Notice Not Required</u></p>
    <p style="text-align: justify;">It is not necessary to give notice of a Board meeting to a Director if:</p>
    <p style="text-align: justify;">(1)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>the meeting is to be held immediately following a meeting of shareholders at which that Director was elected or appointed;</p>
    <p style="text-align: justify;">(2)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>the meeting is held for the purpose of ascertaining the implementation of capital increases and capital decreases and the relevant amendments to the Articles (articles 652e, 652gm, 653g and 653o CO); or</p>
    <p style="text-align: justify;">(3)<font style="width: 24.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>the Director, as the case may be, has waived notice of the meeting.</p>
    <p style="text-align: justify;">(h)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Meeting Valid Despite Failure to Give Notice</u></p>
    <p style="text-align: justify;">The accidental omission to give notice of any Board meeting to, or the non-receipt of any notice by, any Director does not invalidate any proceedings at that meeting.</p>
    <p style="text-align: justify;">(i)<font style="width: 8.23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Waiver of Notice of Meetings</u></p>
    <p style="text-align: justify;">Any Director may send to the Company a document signed by him or her waiving notice of any past, present or future Board meeting and may at any time withdraw that waiver with respect to meetings held after that withdrawal. After sending a waiver with respect to all future meetings and until that waiver is withdrawn, no notice of any Board meeting need be given to that Director and, unless the Director otherwise requires by notice in writing to the Company, all Board meetings so held are deemed not to be improperly called or constituted by reason of notice not having been given to such Director.</p>
    <p style="text-align: justify;">(j)<font style="width: 8.23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Proposals</u></p>
    <p style="text-align: justify;">At Board meetings, each Director shall be entitled to submit proposals regarding the items on the agenda. Directors may also submit proposals regarding items on the agenda in writing in advance of the meeting.</p>
    <p style="text-align: justify;">(k)<font style="width: 5.17pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Quorum</u></p>
    <p style="text-align: justify;">The quorum necessary for the transaction of the business of the Directors may be set by the Directors and, if not so set, is deemed to be set at two Directors.</p>
    <p style="text-align: justify;">No presence quorum is required for Board resolutions upon the implementation of a capital increase or capital decrease within a capital band (article 653u CO) or to make any determination with respect to the implementation of a capital increase or capital decrease, to pass resolutions regarding any amendments of the Articles associated thereto or required in connection therewith or to adopt the report on the capital increase (articles 652e, 652gm, 653g and 653o CO).</p>
    <div id="footer_page_5">
        <p style="text-align: center;">5</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_6"></a>
    <p style="text-align: justify;">(l)<font style="width: 8.23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Validity of Acts Where Appointment Defective</u></p>
    <p style="text-align: justify;">Subject to the Swiss Code of Obligations, an act of a member of management is not invalid merely because of an irregularity in the appointment or a defect in the qualification of that member of management.</p>
    <p style="text-align: justify;">(m)<font style="width: 1.51pt; text-indent: 0pt; display: inline-block;">&#160;</font> <u>Resolutions in Writing</u></p>
    <p style="text-align: justify;">A resolution of the Directors or of any committee thereof may be passed without a meeting:</p>
    <p style="text-align: justify;">(1)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>in all cases, unless a Director requests that the resolution be discussed in a meeting; or</p>
    <p style="text-align: justify;">(2)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>in the case of a resolution to approve a contract or transaction in respect of which a Director has disclosed that he or she has or may have a Disclosable Interest (as defined below), if none of the other Directors who are entitled to vote on the resolution requests that the resolution be discussed in a meeting.</p>
    <p style="text-align: justify;">A resolution may be validly passed in writing on paper or by electronic means (fax, email or any other method of transmitting legibly recorded messages). A consent in writing may be in two or more counterparts which together are deemed to constitute one consent in writing. A resolution of the Board or of any committee thereof passed in accordance with this Article 3.5(m) is effective on the date stated in the resolution or on the latest date stated on any counterpart and to be as valid and effective as if it had been passed at a meeting of the Board or of the committee that satisfies all the requirements of the Swiss Code of Obligations<i>, </i>the Articles and these By-laws relating to meetings of the Board or of a committee. No signature is required if the resolutions are passed by electronic means (e.g. by e-mail or other electronic voting applications).</p>
    <p style="text-align: justify;">(n)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font><u>Minutes</u></p>
    <p style="text-align: justify;">All resolutions shall be recorded. The minutes shall be signed by the Chair or whoever is acting in such capacity in accordance with this Article 3.5(c) and the person keeping the minutes, and must be approved by the Board.</p>
    <p style="text-align: justify;"><b>4.</b><font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>DISCLOSURE OF INTEREST</b></p>
    <p style="text-align: justify;"><b>4.1</b><font style="width: 22.16pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Obligation to Disclose</b></p>
    <p style="text-align: justify;">(a)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>Directors and members of the executive management are obliged to inform the Chair immediately and completely of any current or potential conflict of interests affecting them in accordance with applicable law (a "<b>Disclosable Interest</b>"). The Chair shall inform the other members of the Board. If the Chair has a Disclosable Interest, he or she shall inform the other Directors. In the event that a Director has a Disclosable Interest, the Board shall take the measures necessary to safeguard the interests of the Company.</p>
    <p style="text-align: justify;">(b)<font style="width: 4.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>Each Director and each member of the executive management shall observe the limits to the number of mandates set forth in the Articles. Directors shall inform the Chair, and members of the executive management shall inform the Chief Executive Officer, of their respective board or management positions, as applicable, or similar memberships and any change thereto.</p>
    <div id="footer_page_6">
        <p style="text-align: center;">6</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_7"></a>
    <p style="text-align: justify;"><b>4.2</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Restrictions on Voting by Reason of Interest</b></p>
    <p style="text-align: justify;">A Director who holds a Disclosable Interest<b> </b>in a contract or transaction into which the Company has entered or proposes to enter is not entitled to vote on any Board resolution to approve that contract or transaction, unless all the Directors have a Disclosable Interest in that contract or transaction, in which case any or all of those Directors may vote on such resolution.</p>
    <p style="text-align: justify;"><b>4.3</b><font style="width: 20.71pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Interested Directors Counted in Quorum</b></p>
    <p style="text-align: justify;">A Director who holds a<b> </b>Disclosable Interest in a contract or transaction into which the Company has entered or proposes to enter and who is present at the Board meeting at which the contract or transaction is considered for approval may be counted in the quorum at the Board meeting, whether or not the Director votes on any or all of the resolutions considered at the Board meeting.</p>
    <p style="text-align: justify;"><b>4.4</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Directors Holding Other Office in the Company</b></p>
    <p style="text-align: justify;">Subject to the Articles, the Directors may hold any office or place of profit with the Company, other than the office of auditor of the Company, in addition to his or her office as Director for the period and on the terms (as to remuneration or otherwise) that the Directors may determine.</p>
    <p style="text-align: justify;"><b>4.5</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>No Disqualification</b></p>
    <p style="text-align: justify;">No Director or intended Director is disqualified by his or her office from contracting with the Company either with regard to the holding of any office or place of profit the Director holds with the Company or as vendor, purchaser or otherwise, and no contract or transaction entered into by or on behalf of the Company in which a Director is in any way interested is liable to be voided for that reason.</p>
    <p style="text-align: justify;"><b>5.</b><font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>MANAGEMENT</b></p>
    <p style="text-align: justify;"><b>5.1</b><font style="width: 22.16pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Directors May Appoint Executive Management</b></p>
    <p style="text-align: justify;">The Board may, from time to time, appoint such members of executive management, if any, as the Directors determine and the Directors may, at any time, terminate any such appointment.</p>
    <p style="text-align: justify;"><b>5.2</b><font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Functions, Duties and Powers of Executive Management</b></p>
    <p style="text-align: justify;">The Board may, for each member of executive management:</p>
    <p style="text-align: justify;">(1)<font style="width: 21.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>determine the functions and duties of such member of executive management;</p>
    <p style="text-align: justify;">(2)<font style="width: 21.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>entrust to and confer on such member of executive management any of the powers exercisable by the Board on such terms and conditions and with such restrictions as the Board thinks fit; and</p>
    <p style="text-align: justify;">(3)<font style="width: 21.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>revoke, withdraw, alter or vary all or any of the functions, duties and powers of such member of executive management.</p>
    <div id="footer_page_7">
        <p style="text-align: center;">7</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_8"></a>
    <p style="text-align: justify;"><b>5.3</b><font style="width: 20.71pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Change in Power and Duties of Executive Management</b></p>
    <p style="text-align: justify;">Notwithstanding anything to the contrary contained herein, the Board may, from time to time, increase or reduce the powers and duties of any member of executive management of the Company and may permanently or temporarily delegate the duties of any such member of executive management to any other member of executive management, agent or employee and may generally control the action of such member of executive management and require performance of all duties imposed upon them.</p>
    <p style="text-align: justify;"><b>5.4</b><font style="width: 20.71pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Remuneration and Terms of Appointment</b></p>
    <p style="text-align: justify;">Subject to mandatory provision of the law, the Articles and the compensation authorized by the shareholders in accordance with applicable law and the Articles, as applicable, all appointments of executive management are to be made on the terms and conditions and at the remuneration (whether by way of salary, fee, commission, participation in profits or otherwise) that the Board thinks fit and are subject to termination at the pleasure of the Board, and a member of executive management may in addition to such remuneration be entitled to receive, after he or she ceases to hold such office or leaves the employment of the Company, a pension or gratuity.</p>
    <p style="text-align: justify;"><b>6.</b><font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>COMMITTEES</b></p>
    <p style="text-align: justify;"><b>6.1</b><font style="width: 22.16pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Powers of the Board and Its Committees</b></p>
    <p style="text-align: justify;">The Board may, by resolution and, in all cases, subject to applicable laws, rules and regulations (including, for greater certainty, any applicable securities regulations and/or rules and regulations of stock exchanges applicable to the Company):</p>
    <p style="text-align: justify;">(1)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>appoint one or more committees (other than the compensation committee, which is appointed by shareholders) consisting of the Directors that they consider appropriate;</p>
    <p style="text-align: justify;">(2)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>delegate to a committee appointed under paragraph (1) any of the Board's powers, except the power to appoint or remove members of executive management appointed by the Board, the power to fill vacancies in the compensation committee or the power to change the membership of or fill vacancies in any other committee of the Board, and make such delegation subject to the conditions set out in the resolution or any subsequent directors' resolution;</p>
    <p style="text-align: justify;">(3)<font style="width: 24pt; text-indent: 0pt; display: inline-block;">&#160;</font>revoke or alter the authority given to a committee of the Board, or override a decision made by such a committee, except as to acts done before such revocation, alteration or overriding or, with respect to the compensation committee, such authority as is required to be exercised or decisions that are required to be made by applicable law by the compensation committee;</p>
    <p style="text-align: justify;">(4)<font style="width: 24.01pt; text-indent: 0pt; display: inline-block;">&#160;</font>terminate the appointment of, or change the membership of a committee of the Board (except with regards to the compensation committee); and</p>
    <p style="text-align: justify;">(5)<font style="width: 24.06pt; text-indent: 0pt; display: inline-block;">&#160;</font>fill vacancies in a committee of the Board.</p>
    <p style="text-align: justify;">Further authority and responsibilities of the committees of the Board may be set forth in the applicable committee charter or Company bylaw or policy, as applicable.</p>
    <div id="footer_page_8">
        <p style="text-align: center;">8</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_9"></a>
    <p style="text-align: justify;"><b>6.2</b><font style="width: 22.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Obligations of Committees</b></p>
    <p style="text-align: justify;">Any committee appointed under Article 6.1, in the exercise of the powers delegated to it, must:</p>
    <p style="text-align: justify;">(1)<font style="width: 23.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>conform to any rules that may from time to time be imposed on it by the Board and any applicable laws, rules and regulations (including, for greater certainty, any applicable securities regulations and/or rules and regulations of stock exchanges applicable to the Company); and</p>
    <p style="text-align: justify;">(2)<font style="width: 23.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>report on acts or things done in exercise of those powers at such times as the Board may require.</p>
    <p style="text-align: justify;"><b>6.3</b><font style="width: 22.66pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Committee Meetings</b></p>
    <p style="text-align: justify;">Subject to Article 6.2 and unless the Board otherwise provides in the resolution appointing the committee or in any subsequent resolution, with respect to a committee appointed under Article 6.1:</p>
    <p style="text-align: justify;">(1)<font style="width: 22.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>the committee may meet and adjourn as it thinks proper;</p>
    <p style="text-align: justify;">(2)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>the committee may elect a chair of its meetings but, if no chair of a meeting is elected, or if at a meeting the chair of the meeting is not present within 15 minutes after the time set for holding the meeting, the Directors present who are members of the committee may choose one of their number to chair the meeting;</p>
    <p style="text-align: justify;">(3)<font style="width: 22.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>a majority of the members of the committee constitutes a quorum of the committee;</p>
    <p style="text-align: justify;">(4)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>questions arising at any meeting of the committee are determined by a majority of votes of the members present, and in case of an equality of votes, the chair of the meeting does not have a second or casting vote;</p>
    <p style="text-align: justify;">(5)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>the committee shall observe such procedures as are prescribed by the Board or the applicable committee charter or mandate, if any; and</p>
    <p style="text-align: justify;">(6)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>the procedural rules applicable to the Board shall also apply to meetings of committees, unless different provisions shall be prescribed by the Board or the applicable committee charter or mandate.</p>
    <p style="text-align: justify;"><b>7.</b><font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>INDEMNIFICATION AND INSURANCE</b></p>
    <p style="text-align: justify;"><b>7.1</b><font style="width: 22.16pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Indemnification of Other Persons</b></p>
    <p style="text-align: justify;">Subject to any restrictions in the Swiss Code of Obligations, the Company may indemnify any person.</p>
    <p style="text-align: justify;"><b>7.2</b><font style="width: 22.16pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Company May Purchase Insurance</b></p>
    <p style="text-align: justify;">The Company may purchase and maintain insurance for the benefit of any person (or his or her heirs or legal personal representatives) who:</p>
    <p style="text-align: justify;">(1)<font style="width: 22.51pt; text-indent: 0pt; display: inline-block;">&#160;</font>is or was a Director, member of management, officer, employee or agent of the Company;</p>
    <p style="text-align: justify;">(2)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>is or was a Director, member of management, officer, employee or agent of a corporation at a time when the corporation is or was an affiliate of the Company;</p>
    <div id="footer_page_9">
        <p style="text-align: center;">9</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_10"></a>
    <p style="text-align: justify;">(3)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>at the request of the Company, is or was a Director, member of management, officer, employee or agent of a corporation or of a partnership, trust, joint venture or other unincorporated entity; or</p>
    <p style="text-align: justify;">(4)<font style="width: 22.5pt; text-indent: 0pt; display: inline-block;">&#160;</font>at the request of the Company, holds or held a position equivalent to that of a Director or member of management or officer of a partnership, trust, joint venture or other unincorporated entity;</p>
    <p style="text-align: justify;">against any liability incurred by him or her as such Director, member of management, officer, employee or agent or person who holds or held such equivalent position.</p>
    <p style="text-align: justify;"><b>8.</b><font style="width: 26.83pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>NOTICES</b></p>
    <p style="text-align: justify;">Unless the Swiss Code of Obligations, the Articles or these By-laws provides otherwise, a notice, statement, report or other record required or permitted by the Swiss Code of Obligations, the Articles or these By-laws to be sent by or to a person other than a shareholder may be sent in any other form the Board of Directors deems appropriate, including by any one of the following methods:</p>
    <p style="text-align: justify;">(1)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>mail addressed to the person at the applicable address for that person as follows:</p>
    <p style="text-align: justify;">(a)<font style="width: 23.06pt; text-indent: 0pt; display: inline-block;">&#160;</font>for a record mailed to a Director, the prescribed address for mailing shown for the Director in the records kept by the Company or the mailing address provided by the recipient for the sending of that record or records of that class; or</p>
    <p style="text-align: justify;">(b)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>in any other case, the mailing address of the intended recipient;</p>
    <p style="text-align: justify;">(2)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>delivery at the applicable address for that person as follows, addressed to the person:</p>
    <p style="text-align: justify;">(a)<font style="width: 23.06pt; text-indent: 0pt; display: inline-block;">&#160;</font>for a record delivered to a Director, the prescribed address for delivery shown for the Director in the records kept by the Company or the delivery address provided by the recipient for the sending of that record or records of that class; or</p>
    <p style="text-align: justify;">(b)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>in any other case, the delivery address of the intended recipient;</p>
    <p style="text-align: justify;">(3)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>sending the record by fax to the fax number provided by the intended recipient for the sending of that record or records of that class;</p>
    <p style="text-align: justify;">(4)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>sending the record by email to the email address provided by the intended recipient for the sending of that record or records of that class; or</p>
    <p style="text-align: justify;">(5)<font style="width: 22.56pt; text-indent: 0pt; display: inline-block;">&#160;</font>physical delivery to the intended recipient.</p>
    <p style="text-align: justify;"><b>9.</b><font style="width: 26.78pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>GENERAL PROVISIONS</b></p>
    <p style="text-align: justify;">The Directors, officers and persons authorized to represent the Company and its subsidiaries shall have joint or single signatory power, in each case as determined by the Board.</p>
    <div id="footer_page_10">
        <p style="text-align: center;">10</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_11"></a>
    <p style="text-align: justify;"><b>10.<font style="width: 20.66pt; text-indent: 0pt; display: inline-block;">&#160;</font>DOCUMENTS, RECORDS AND REPORTS</b></p>
    <p style="text-align: justify;"><b>10.1</b><font style="width: 15.59pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Recording of Financial Affairs</b></p>
    <p style="text-align: justify;">The Board must cause adequate accounting records to be kept to record properly the financial affairs and condition of the Company and to comply with the Swiss Code of Obligations.</p>
    <p style="text-align: justify;"><b>11.</b><font style="width: 20.71pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>FINAL PROVISION</b></p>
    <p style="text-align: justify;">These By-laws shall enter into force on the date of adoption by the Board. These By-Laws may be altered, amended or repealed and new By-laws may be adopted at any meeting of the Board by the majority set forth in Article 3.5(b).</p>
    <div>&#160;</div>
    <div id="footer_page_11">
        <p style="text-align: center;">11</p>
    </div>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
