<SEC-DOCUMENT>0001213900-21-054618.txt : 20211026
<SEC-HEADER>0001213900-21-054618.hdr.sgml : 20211026
<ACCEPTANCE-DATETIME>20211026160009
ACCESSION NUMBER:		0001213900-21-054618
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20211026
FILED AS OF DATE:		20211026
DATE AS OF CHANGE:		20211026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NLS Pharmaceutics Ltd.
		CENTRAL INDEX KEY:			0001783036
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39957
		FILM NUMBER:		211348287

	BUSINESS ADDRESS:	
		STREET 1:		ALTER POSTPLATZ 2
		CITY:			STANS
		STATE:			V8
		ZIP:			CH-6370
		BUSINESS PHONE:		41-41-618-80-00

	MAIL ADDRESS:	
		STREET 1:		ALTER POSTPLATZ 2
		CITY:			STANS
		STATE:			V8
		ZIP:			CH-6370
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea149342-6k_nlspharmaceutics.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Form 6-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Pursuant to Rule 13a-16 or 15d-16</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">under the Securities Exchange Act of 1934</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">For the month of October 2021 (Report No. 2)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Commission file number: 001-39957</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>NLS PHARMACEUTICS LTD.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Alter Postplatz 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>CH-6370 Stans, Switzerland </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Address of principal executive offices)</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F &#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F &#9744;</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulations S-T Rule 101(b)(1):_____</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulations S-T Rule 101(b)(7):_____</P>

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CONTENTS</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On October 13, 2021, <FONT STYLE="background-color: white">NLS
Pharmaceutics Ltd., or</FONT> the Registrant, filed its <FONT STYLE="background-color: white">Amended and Restated Articles of Association,
or the Articles,</FONT> with the commercial registry of the Canton of Nidwalden, Switzerland, thereby increasing its share capital to
268,155.20 Swiss Franc with a total of 13,407,760 common shares issued. Thereafter, (i) pursuant to Section 3(a) of the Articles, the
authorized share capital of the Registrant is equal to 90,763.10 Swiss Franc with a total of 4,538,155 common shares; (ii) pursuant to
Section 3(b) of the Articles, the conditional share capital for employee and advisory options of the Registrant is equal to a total of
6,949.40 Swiss Franc with a total of 347,470 common shares; and (iii) pursuant to Section 3(c) of the Articles, the conditional share
capital for shareholders' options of the Registrant is equal to a total of 105,303.36 Swiss Franc with a total of 5,265,168 common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing description of the Articles is qualified
in its entirety by reference to the Articles filed as Exhibit 3.1 hereto, which is incorporated herein by reference.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

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

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    <TD STYLE="width: 9%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 90%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="ea149342ex3-1_nlspharma.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended and Restated Articles of Association </FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SIGNATURES</U></B></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.45in">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>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NLS Pharmaceutics Ltd.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: October 26, 2021</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Alexander Zwyer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alexander Zwyer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">3</P>

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

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

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>ea149342ex3-1_nlspharma.htm
<DESCRIPTION>AMENDED AND RESTATED ARTICLES OF ASSOCIATION
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 3.1</B></P>

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

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>STATUTEN</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">der</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>NLS Pharmaceutics AG</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>NLS Pharmaceutics SA</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>NLS Pharmaceutics Ltd</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(die &ldquo;Gesellschaft&rdquo;)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLES OF ASSOCIATION</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">of</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>NLS Pharmaceutics AG</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>NLS Pharmaceutics SA</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>NLS Pharmaceutics Ltd</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(the &ldquo;Company&rdquo;)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>I. Firma, Sitz, Dauer und Zweck der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 1 - Firma, Sitz, Dauer</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>I. Name, Domicile, Duration and Purpose of the
    Company</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Art. 1 - Name, Domicile, Duration</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Unter der Firma</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">NLS Pharmaceutics AG</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">NLS Pharmaceutics SA</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">NLS Pharmaceutics Ltd</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">&nbsp;</P>
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">besteht mit Sitz in Stans auf unbestimmte Dauer eine Aktiengesellschaft
    gem&auml;ss den vorliegenden Statuten und Art. 620 ff. OR.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Incorporated under the name</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">NLS Pharmaceutics AG</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">NLS Pharmaceutics SA</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-indent: 35.45pt">NLS Pharmaceutics Ltd</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">is a stock corporation pursuant to these
articles of association and to article 620 et seqq. of the Swiss Code of Obligations, formed for an indefinite duration and having its
registered office in Stans.</P></TD></TR>
</TABLE>

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

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

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Art. 2 - Zweck</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Zweck der Gesellschaft ist die Erforschung
    und Entwicklung von pharmazeutischen, chemischen, medizinisch-technischen, biotechnologischen und verwandten Produkten, der Erwerb, das
    Halten und Erteilen von Lizenzen und von geistigen Eigentumsrechten sowie das Erbringen von Dienstleistungen in diesem Zusammenhang.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 2 - Purpose</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The purpose of the Company is the research
    and development of pharmaceutical, chemical, medical-technical, bio-technical and similar related products, the acquisition, holding and
    granting of licenses and other intellectual properties as well as to provide various services in this regard.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft kann im In- und Ausland
Zweigniederlassungen errichten, sich an anderen Unternehmungen irgendwelcher Art beteiligen, Vertretungen &uuml;bernehmen sowie alle
Gesch&auml;fte eingehen und Vertr&auml;ge abschliessen, die geeignet sein k&ouml;nnten, den Zweck der Gesellschaft zu f&ouml;rdern; oder
die direkt oder indirekt damit im Zusammenhang stehen. Sie kann auch Darlehen f&uuml;r eigene oder fremde Rechnung sowie Garantien und
Pfandrechtsgesch&auml;fte f&uuml;r verbundene Unternehmungen und Dritte eingehen. Sie kann Immobilien im In- und Ausland erwerben, verpachten,
vermieten, belasten und ver&auml;ussern. Die Gesellschaft kann jede Art von Schuld oder Wertpapieren, innerhalb der Schweiz oder im Ausland,
erwerben, halten, verwalten oder verkaufen.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company may establish subsidiaries in
    Switzerland and abroad, participate in other companies without limitation, take over representations, engage in any sort of business and
    conclude any contracts which could further the Company&rsquo;s business objects which have a relationship, directly or indirectly, with the
    Company&rsquo;s objects. The Company may engage in loan agree-ments, both for own account and for third party&rsquo;s account and may issue guarantees
    and liens for associated companies or for third parties. The Company may acquire, usufruct, lease, encumber and sell real estate in Switzerland
    and abroad. The Company may acquire, hold, manage and sell any type of debt or equity securities in Switzerland and abroad.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>II. Aktienkapital und Aktien</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3 - Aktienkapital, Aktien</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Das Aktienkapital der Gesellschaft betr&auml;gt
    CHF&nbsp;268&rsquo;155.20 und ist eingeteilt in 13&rsquo;407&rsquo;760 Namenaktien zu je CHF 0.02 Nennwert. Die Aktien sind vollst&auml;ndig liberiert.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>II. Share Capital and Shares</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3 - Share Capital, Shares</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The share capital of the Company amounts to
    CHF&nbsp;268,155.20 and is divided into 13,407,760 registered shares with a nominal value of CHF 0.02 each. The shares are fully paid-in.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3a - Genehmigtes Aktienkapital</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat ist erm&auml;chtigt, jederzeit
    bis zum 29.&nbsp;Januar 2023 das Aktienkapital im Maximalbetrag von CHF&nbsp;90&rsquo;763.10 durch Ausgabe von h&ouml;chstens 4&rsquo;538&rsquo;155 vollst&auml;ndig
    zu liberierenden Namenaktien mit einem Nennwert von je CHF 0.02 zu erh&ouml;hen. Erh&ouml;hungen in Teilbetr&auml;gen sind gestattet.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3a - Authorized Share Capital</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors is authorized at any
    time until January 29, 2023 to increase the share capital by a maximum aggregate amount of CHF&nbsp;90,763.10 through the issuance of
    not more than 4,538,155 registered shares, which shall be fully paid-in, with a nominal value of CHF 0.02 each. Increases in partial amounts
    are permitted.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat legt den Ausgabebetrag,
    die Art der Einlagen (einschliesslich der Umwandlung von frei verwendbarem Eigenkapital), den Zeitpunkt der Ausgabe, die Bedingungen der
    Bezugsrechtsaus&uuml;bung und den Beginn der Dividendenberechtigung fest. Der Verwaltungsrat kann neue Aktien mittels Fest&uuml;bernahme
    durch ein Finanzinstitut, ein Konsortium von Finanzinstituten oder einen anderen Dritten und anschliessendem Angebot an die bisherigen
    Aktion&auml;re oder an Dritte (sofern die Bezugsrechte der bisherigen Aktion&auml;re aufgehoben sind oder nicht g&uuml;ltig ausge&uuml;bt
    werden) ausgeben. Der Verwaltungsrat ist erm&auml;chtigt, den Handel mit Bezugsrechten zu erm&ouml;glichen, zu beschr&auml;nken oder auszuschliessen.
    Nicht ausge&uuml;bte Bezugsrechte kann der Verwaltungsrat verfallen lassen, oder er kann diese bzw. Aktien, f&uuml;r welche Bezugsrechte
    einger&auml;umt, aber nicht ausge&uuml;bt werden, zu Marktkonditionen platzieren oder anderweitig im Interesse der Gesellschaft verwenden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors shall determine the issue price, the type of contribution (including the conversion of freely disposable equity capital), the date of issue, the conditions for the exercise of pre-emptive rights and the start date for dividend entitlement. The board of directors may issue new shares by means of an underwriting by a financial institution, a syndicate of financial institutions or another third party and a subsequent offer of these shares to the existing shareholders or third parties (if the pre-emptive rights of the existing shareholders have been excluded or not been duly exercised). The board of directors is authorized to permit, restrict or exclude the trade with pre-emptive rights. It may permit pre-emptive rights that have not been exercised to expire, or it may place such rights or shares with respect to which pre-emptive rights have been granted, but not exercised, at market conditions or use them otherwise in the interest of the Company.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat ist ferner berechtigt,
    das Bezugsrecht der bisherigen Aktion&auml;re auszuschliessen oder zu beschr&auml;nken und Dritten, der Gesellschaft oder einer ihrer
    Tochtergesellschaften zuzuweisen:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors is further authorized
    to restrict or exclude pre-emptive rights of existing shareholders and allocate such rights to third parties, the Company or any of its
    subsidiaries:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">1.&nbsp;&nbsp;&nbsp;&nbsp;im
    Zusammenhang mit der Kotierung von Aktien an inl&auml;ndischen oder ausl&auml;ndischen B&ouml;rsen, einschliesslich f&uuml;r die Einr&auml;umung
    einer Mehrzuteilungsoption (Greenshoe); oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in connection with a listing of shares on domestic or foreign stock exchanges, including for the purpose of granting an over-allotment option (greenshoe); or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f&uuml;r Fest&uuml;bernehmer im Rahmen einer Aktienplatzierung oder eines Aktienangebots; oder</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">2.&nbsp;&nbsp;&nbsp;&nbsp;to
initial purchasers or underwriters in a placement or offer of shares; or&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">3.&nbsp;&nbsp;&nbsp;&nbsp;zum
    Zwecke nationaler oder internationaler Aktienangebote zur Erweiterung des Aktion&auml;rskreises der Gesellschaft oder um den Streubesitz
    zu vergr&ouml;ssern oder anwendbare Kotierungsvoraussetzungen zu erf&uuml;llen; oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">3.&nbsp;&nbsp;&nbsp;&nbsp;for
    the purpose of national or international offerings of shares in order to broaden the Company&rsquo;s share-holder base or in order to increase
    the free float or to meet applicable listing requirements; or</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">4.&nbsp;&nbsp;&nbsp;&nbsp;wenn
    der Ausgabebetrag der neuen Aktien unter Ber&uuml;cksichtigung des Marktpreises festgesetzt wird; oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">4.&nbsp;&nbsp;&nbsp;&nbsp;if
    the issue price of the new shares is determined by reference to the market price; or</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">5.&nbsp;&nbsp;&nbsp;&nbsp;zwecks
    einer raschen und flexiblen Kapitalbeschaffung, die ohne Aufhebung des Bezugsrechts nur schwer m&ouml;glich w&auml;re; oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">5.&nbsp;&nbsp;&nbsp;&nbsp;for
    raising capital in a fast and flexible manner which could only be achieved with difficulty without excluding the pre-emptive rights of
    shareholders; or</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">6.&nbsp;&nbsp;&nbsp;&nbsp;f&uuml;r
    den Erwerb von Unternehmen, Unternehmensteilen, Beteiligungen, Produkten, Immaterialg&uuml;tern oder Lizenzen oder f&uuml;r Investitionsvorhaben
    oder die Finanzierung oder Refinanzierung solcher Transaktionen durch eine Aktienplatzierung; oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">6.&nbsp;&nbsp;&nbsp;&nbsp;for
    the acquisition of companies, parts of companies, participations, products, intellectual property or licenses, or for investment projects
    or for the financing or refinancing of such transactions through a placement of shares; or</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">7.&nbsp;&nbsp;&nbsp;&nbsp;zum
    Zwecke der Beteiligung eines strategischen Partners oder Mitarbeitern (einschliesslich Gesch&auml;ftsleitung und Verwaltungsrat) und Beratern
    der Gesellschaft und/oder deren Tochtergesellschaften; oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for purposes of the participation of a strategic partner or employees (including members of the management and the board of directors) and advisors of the Company and/or its subsidiaries; or</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f&uuml;r die Wandlung von Darlehen und &auml;hnlichen Schuldverpflichtungen der Gesellschaft.</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt; width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the conversion of loans and similar debt obligations of the Company.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3b - Bedingtes Aktienkapital f&uuml;r
    Mitarbeiter- und Berateroptionen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3b - Conditional Share Capital for
    Employee and Advisory Options</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Das Aktienkapital erh&ouml;ht sich mittels
    bedingter Kapitalerh&ouml;hung um h&ouml;chstens CHF 6&rsquo;949.40 durch Ausgabe von h&ouml;chstens 347&rsquo;470 voll zu liberierenden Namenaktien
    mit einem Nennwert von je CHF 0.02, durch Aus&uuml;bung von Optionsrechten, welche zwecks Beteiligung von Mitarbeitern (einschliesslich
    Gesch&auml;ftsleitung und Verwaltungsrat) und Beratern der Gesellschaft und/oder deren Tochtergesellschaften einger&auml;umt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company&rsquo;s share capital will be increased
    by the issuance of a maximum of 347,470 fully paid in registered shares at a par value of CHF&nbsp;0.02 each which amounts to a maximum
    increase of CHF&nbsp;6,949.40, by exercising option rights granted to employees (including members of the management and the board of
    directors) and advisors of the Company and/or its subsidiaries.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Das Vorwegzeichnungsrecht und Bezugsrecht
    der Aktion&auml;re ist diesbez&uuml;glich ausgeschlossen. Die Beteiligung erfolgt gem&auml;ss f&uuml;r die Regelung der Einzelheiten durch
    den Verwaltungsrat zu erlassende Reglemente (Mitarbeiter- und Beraterbeteiligungsplan).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The pre-emptive rights and subscription rights
    of shareholders are excluded. The board of directors shall prepare plans of the allocation of such option rights (employee and advisory
    stock plan).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Der Ausgabebetrag wird vom Verwaltungsrat
    festgelegt, wobei der Mindestausgabebetrag dem Nominalwert entsprechen muss.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The issue price shall be determined by the
    board of directors. The minimum of the issue price must be the par value.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 3c - Bedingtes Aktienkapital f&uuml;r
    Aktion&auml;rsoptionen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Art. 3c - Conditional Share Capital for Shareholders&rsquo; Options</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Das Aktienkapital wird im Maximalbetrag
    von CHF&nbsp;105&rsquo;303.36 durch Ausgabe von h&ouml;chstens 5&rsquo;265&rsquo;168 vollst&auml;ndig zu liberierenden Namenaktien mit einem Nennwert von
    je CHF&nbsp;0.02 erh&ouml;ht durch Aus&uuml;bung von Optionsrechten, welche in Verbindung mit dem &ouml;ffentlichen Angebot der Gesellschaft
    und Kotierung der Aktien neuen Aktion&auml;re einger&auml;umt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company&rsquo;s share capital shall be increased
    by a maximum amount of CHF 105,303.36 through the issuance of not more than 5,265,168 registered shares, with a nominal value of CHF 0.02
    each by the exercise of option rights which are granted to new shareholder in connection with the public offer of the Company and the
    listing of the shares.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; text-align: justify; font-size: 10pt; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Das Vorwegzeichnungsrecht und das Bezugsrecht der Aktion&auml;re ist ausgeschlossen. Der Ausgabebetrag der neuen Namenaktien entspricht dem Nominalwert und wird in bar liberiert. Der Verwaltungsrat regelt die &uuml;brigen Bedingungen und Voraussetzungen f&uuml;r die Aus&uuml;bung der Optionsrechte.</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The pre-emptive rights and subscription rights of shareholders are excluded. The issue price of the new registered shares shall correspond to the par value and shall be paid in cash. The board of directors shall determine the other conditions and prerequisites for the exercise of the options.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 4 - Aktien</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 4 - Shares </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Die Namenaktien werden in Form von Wertrechten
    ausgegeben und als intermedi&auml;rverwahrte Wertpapiere (Bucheffekten) gef&uuml;hrt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The registered shares are issued as uncertificated
    securities and are held as intermediated securities.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Die Gesellschaft kann als intermedi&auml;rverwahrte
    Wertpapiere (Bucheffekten) gef&uuml;hrte Aktien aus dem jeweiligen Verwahrungssystem zur&uuml;ckziehen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company may withdraw the shares held as intermediated securities from the relevant depositing system.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Die Gesellschaft kann ihre Namenaktien in
    Form von Einzelurkunden, Globalurkunden oder Wertrechten ausgegeben. Der Gesellschaft steht es im Rahmen der gesetzlichen Vorgaben frei,
    ihre in einer dieser Formen ausgegebenen Namenaktien jederzeit und ohne Zustimmung der Aktion&auml;re in eine andere Form umzuwandeln.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company may issue its registered shares
    in the form of single certificates, global certificates or uncertificated securities. Under the conditions set forth by statutory law,
    the Company may convert its registered shares form one form into another form at any time and without the approval of the shareholders.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Der Aktion&auml;r hat keinen Anspruch auf
    Umwandlung von in bestimmter Form ausgegebenen Namenaktien in eine andere Form. Jeder Aktion&auml;r kann jedoch von der Gesellschaft jederzeit
    die Ausstellung einer Bescheinigung &uuml;ber die von ihm gem&auml;ss Aktienbuch gehaltenen Namenaktien verlangen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The shareholder has no right to demand a conversion of the form of the registered shares. Each shareholder may, however, at any time request a written confirmation from the Company of the registered shares held by such shareholder, as reflected in the share register.</FONT></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die &Uuml;bertragung von Bucheffekten, denen
    Aktien der Gesellschaft zugrunde liegen, und die Bestellung von Sicherheiten an diesen Bucheffekten richten sich nach den Bestimmungen
    des jeweils anwendbaren Gesetzes &uuml;ber intermedi&auml;rverwahrte Wertpapiere (Bucheffekten). Eine &Uuml;bertragung des Eigentums am
    Titel durch schriftliche Abtretungserkl&auml;rung (Zession) ist ausgeschlossen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The transfer of intermediated securities based on the Company&rsquo;s shares and the pledging of these intermediated securities shall be based on the provisions of the applicable intermediated securities act. Transfer of property as collateral by means of written assignment is not permitted.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 5 - Zerlegung und Zusammenlegung von
    Aktien</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung kann bei unver&auml;ndert
bleibendem Aktienkapital durch Statuten&auml;nderung jederzeit Aktien in solche von kleinerem Nennwert zerlegen oder zu solchen von gr&ouml;sserem
Nennwert zusammenlegen, wobei letzteres der Zustimmung des Aktion&auml;rs bedarf.&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 5 - Splitting and Consolidation of
    Shares</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">By amending the articles of association,
the shareholders&rsquo; meeting is authorized at any time &ndash; with unchanged share capital &ndash; to split shares into shares with
lower par value or to consolidate shares into shares with higher par value, with the latter requiring the shareholder&rsquo;s consent.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 6 - Aktienbuch, Wertrechtebuch </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 6 - Share Register, Register of Book-Entry
    Securities </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft f&uuml;hrt &uuml;ber die
    Namenaktien ein Aktienbuch, in welches die Eigent&uuml;mer, Nutzniesser und Nominees mit Namen und Adressen bzw. bei juristischen Personen
    mit Firma und Sitz eingetragen werden. Im Verh&auml;ltnis zur Gesellschaft gilt als Aktion&auml;r, Nutzniesser oder Nominee, wer im Aktienbuch
    eingetragen ist.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company shall maintain a share register, which lists the name and address respectively, in case of legal entities, the company name and registered offices of the owners, usufructuaries or nominees of the shares. Only those registered in the shareholders&rsquo; register shall be recognized as shareholders, usufructuaries or nominees towards the Company.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Ist die Eintragung eines Erwerbers aufgrund
falscher Angaben erfolgt, kann dieser nach Anh&ouml;rung vom Verwaltungsrat aus dem Aktienbuch gestrichen werden.&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors may, after having heard the concerned owner of the shares, cancel entries which were based on untrue information.</FONT></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Jeder Aktion&auml;r hat der Gesellschaft allf&auml;llige
    Adress&auml;nderungen zur Eintragung ins Aktienbuch zu melden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The shareholders shall notify the Company
    of any change of their address.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft f&uuml;hrt ein Buch &uuml;ber
    die von der Gesellschaft ausgegebenen Wertrechte, in das die Anzahl und St&uuml;ckelung der ausgegebenen Wertrechte sowie die ersten Nehmer
    eingetragen werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company maintains a register containing
    the book-entry securities issued by the Company, in which the number and denomination of the issued book-entry securities as well as the
    first acquirers are recorded.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat regelt die Zust&auml;ndigkeiten
    f&uuml;r die F&uuml;hrung des Aktienbuches und des Wertrechtebuches sowie die Voraussetzungen der Anerkennung von Personen als Aktion&auml;r
    oder Nutzniesser oder Nominee mit oder ohne Stimmrecht sowie deren Eintragung im Aktienbuch.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors regulates the responsibilities for the maintenance of the share register and the book-entry securities register as well as the requirements for the recognition of persons as shareholders or usufructuaries or nominees with or without voting rights and their entry in the share register.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat gibt in der Einladung zur
    Generalversammlung das f&uuml;r die Teilnahme und Stimmberechtigung massgebende Stichdatum der Eintragung im Aktienbuch bekannt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the invitation to the shareholders&rsquo; meeting, the board of directors announces the cut-off date for registration in the share register which is decisive for participation and voting rights.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>III. Organisation der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>III. Organization of the Company</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 7 - Organe der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Art. 7 - Governing Bodies of the Company</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Organe der Gesellschaft sind:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
    Generalversammlung;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;der
    Verwaltungsrat;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
    Revisionsstelle.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The governing bodies of the Company are:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
    shareholders&rsquo; meeting;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
    board of directors;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
auditor.&nbsp;</P></TD></TR>
</TABLE>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>A. Generalversammlung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 8 - Aufgaben</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>A. The Shareholders&rsquo; Meeting</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 8 - Powers</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung der Aktion&auml;re
    ist das oberste Organ der Gesellschaft. Ihr stehen folgende un&uuml;bertragbare Befugnisse zu:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The shareholders&rsquo; meeting is the supreme
    body of the Company. It has the following inalienable powers:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Festsetzung und &Auml;nderung der Statuten der Gesellschaft;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;to adopt and amend the articles of association of the Company;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Wahl der Mitglieder des Verwaltungsrates, des Pr&auml;sidenten des Verwaltungsrates, der Mitglieder des Verg&uuml;tungsausschusses, des unabh&auml;ngigen Stimmrechtsvertreters und der Revisionsstelle; </FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;to elect the members of the board of directors, the chairman of the board of directors, the members of the compensation committee, the independent proxy and the auditors; </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Genehmigung des Lageberichtes und der Konzernrechnung;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;to approve the management report and the consolidated accounts;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Genehmigung der Jahresrechnung sowie die Beschlussfassung &uuml;ber die Verwendung des Bilanzgewinnes, insbesondere die Festsetzung der Dividende und der Tantieme;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;to approve the annual financial statements and to decide on the allocation of the allocation of disposable profit, in particular to set the dividend and the shares of profits paid to members of the board of directors;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genehmigung der Verg&uuml;tung des Verwaltungsrates und der Gesch&auml;ftsleitung gem&auml;ss Art. 23 der Statuten;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;to approve the compensation of the board of directors and the executive management (based on general compensation principles as stated in Art. 23 of the articles of association);</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Entlastung der Mitglieder des Verwaltungsrates und der Gesch&auml;ftsleitung;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;to discharge the members of the board of directors and the management;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.25pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Aufl&ouml;sung der Gesellschaft mit oder ohne Liquidation;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 6pt; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;to dissolve the Company with or without liquidation;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.25pt 0pt 26.95pt; text-align: justify; text-indent: -17.95pt">8.&nbsp;&nbsp;&nbsp;die
    Beschlussfassung &uuml;ber die Gegenst&auml;nde, die der Generalversammlung durch das Gesetz oder die Statuten vorbehalten sind oder ihr
    durch den Verwaltungsrat oder die Revisionsstelle vorgelegt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.25pt 0pt 26.95pt; text-align: justify; text-indent: -17.95pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12.5pt 0pt 26.95pt; text-align: justify; text-indent: -14.2pt">8.&nbsp;&nbsp;&nbsp;to
    pass resolutions concerning all matters which are reserved to the authority of the shareholders&rsquo; meeting by law or by the articles
    of association or which are presented to it by the board of directors or the auditor.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12.5pt 0pt 26.95pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 9 - Einberufung und Traktandierung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die ordentliche Generalversammlung findet
    allj&auml;hrlich innerhalb von sechs Monaten nach Schluss des Gesch&auml;ftsjahres statt, ausserordentliche Versammlungen werden je nach
    Bedarf einberufen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 9 - Calling a Meeting, Items on the
    Agenda</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The annual shareholders&rsquo; meeting takes
    place annually within six months of the closing of the fiscal year, extraordinary shareholders&rsquo; meetings are called if and when
    required.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12.5pt 0pt 26.95pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Generalversammlungen werden am Sitz der Gesellschaft
    oder einem anderen, vom Verwaltungsrat bestimmten Ort, abgehalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The shareholders&rsquo; meetings are held at the
    Company&rsquo;s domicile or at any other place designated by the board of directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung ist sp&auml;testens
    20 Tage vor dem Versammlungstag in der durch Art. 31 der Statuten vorgeschriebenen Form einzuberufen. Die Einberufung erfolgt durch den
    Verwaltungsrat, n&ouml;tigenfalls durch die Revisionsstelle. Das Einberufungsrecht steht auch den Liquidatoren und den Vertretern der
    Anleihensgl&auml;ubiger zu.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The shareholders&rsquo; meeting must be convened
    at least twenty (20) days prior to the day of the meeting in the form as set forth in Art.&nbsp;31 of the articles of association. It
    must be convened by the board of directors, or if necessary by the statutory auditors. Liquidators and representatives of bond creditors
    also have the right to call a shareholders&rsquo; meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Einberufung einer Generalversammlung kann
    auch von einem oder mehreren Aktion&auml;ren, die zusammen mindestens 10 Prozent des Aktienkapitals oder die Aktien im Nennwerte von 1
    Million Franken vertreten, verlangt werden. Aktion&auml;re, die zusammen mindestens 10 Prozent des Aktienkapitals oder Aktien im Nennwerte
    von 1 Million Franken vertreten, k&ouml;nnen die Traktandierung eines Verhandlungsgegenstandes verlangen. Einberufung und Traktandierung
    des Aktion&auml;rs werden mindestens 30 Tage im Voraus schriftlich unter Angabe des Verhandlungsgegenstandes und der Antr&auml;ge anbegehrt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">One or several shareholders who together represent
    at least ten percent of the share capital or shareholders representing shares with a nominal value of CHF 1,000,000.00, may request that
    a shareholders&rsquo; meeting be called. Shareholders, who together represent at least ten percent of the share capital or Shareholders
    representing shares with a nominal value of CHF 1,000,000.00 may request an item be placed on the agenda. The convening of a meeting and
    the request for items to be placed on the agenda must be submitted by the shareholder at least 30 calendar days in advance of the meeting
    in writing by stating the matters to be discussed and the motions to be brought before the meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">In der Einberufung sind die Verhandlungsgegenst&auml;nde
    sowie die Antr&auml;ge des Verwaltungsrates und der Aktion&auml;re bekanntzugeben, welche die Durchf&uuml;hrung einer Generalversammlung
    oder die Traktandierung eines Verhandlungsgegenstandes verlangt haben.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The notice convening the shareholders&rsquo;
    meeting must provide the matters to be discussed, as well as the motions of the members of the board of directors and the shareholders
    requesting that the meeting be called or that an item be placed on the agenda.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Sp&auml;testens 20 Tage vor der ordentlichen
    Generalversammlung sind der Gesch&auml;ftsbericht und der Revisionsbericht den Aktion&auml;ren am Gesellschaftssitz zur Einsicht aufzulegen.
    Jeder Aktion&auml;r kann verlangen, dass ihm unverz&uuml;glich eine Ausfertigung dieser Unterlagen zugestellt wird. Die Aktion&auml;re
    sind hier&uuml;ber in der Einberufung zu unterrichten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">No later than 20 days prior to the annual
    shareholders&rsquo; meeting, the business report and the auditor&rsquo;s report must be made available to the shareholders for inspection
    at the registered office of the Company. Any shareholder may request that a copy of these documents be promptly sent to him. Reference
    to this option must be made in the notice convening the shareholders&rsquo; meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&Uuml;ber Antr&auml;ge zu nicht geh&ouml;rig
    angek&uuml;ndigten Verhandlungsgegenst&auml;nden k&ouml;nnen keine Beschl&uuml;sse gefasst werden; ausgenommen sind Antr&auml;ge auf Einberufung
    einer ausserordentlichen Generalversammlung, auf Durchf&uuml;hrung einer Sonderpr&uuml;fung und auf Wahl einer Revisionsstelle infolge
    Begehrens eines Aktion&auml;rs.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">No resolutions may be passed on motions concerning
    agenda items which have not been duly announced in this way; excepted are motions for the convening of a special shareholders&rsquo; meeting,
    the initiating of a special audit and the selection of statutory auditors due to the request of a shareholder.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Zur Stellung von Antr&auml;gen im Rahmen der
    Verhandlungsgegenst&auml;nde und zu Verhandlungen ohne Beschlussfassung bedarf es keiner vorg&auml;ngigen Ank&uuml;ndigung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The making of motions within the scope of
    agenda items and the discussion without the passing of resolutions does not require announcement in advance.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 10 - Universalversammlung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Eigent&uuml;mer oder Vertreter s&auml;mtlicher
    Aktien k&ouml;nnen, falls kein Widerspruch erhoben wird, eine Generalversammlung ohne Einhaltung der f&uuml;r die Einberufung vorgeschriebenen
    Formvorschriften abhalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">In dieser Versammlung kann &uuml;ber alle
    in den Gesch&auml;ftskreis der Generalversammlung fallenden Gegenst&auml;nde g&uuml;ltig verhandelt und Beschluss gefasst werden, solange
    die Eigent&uuml;mer oder Vertreter s&auml;mtlicher Aktien anwesend sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 10 - Full Meeting of all Shareholders</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">If no objection is raised, the owners of all
    the shares or their representatives, respectively, may hold a shareholders&rsquo; meeting without observing the prescribed formalities
    of convening the meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">As long as the owners of all the shares or
    their representatives, respectively, are present, all items within the powers of the shareholders&rsquo; meeting may validly be discussed
    and decided upon at such a meeting.</P></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 11 - Vorsitz und Protokoll</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Den Vorsitz in der Generalversammlung f&uuml;hrt
    der Pr&auml;sident, in dessen Verhinderungsfalle ein anderes vom Verwaltungsrat bestimmtes Mitglied. Ist kein Mitglied des Verwaltungsrates
    anwesend, w&auml;hlt die Generalversammlung einen Tagesvorsitzenden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Vorsitzende bezeichnet den Protokollf&uuml;hrer
    und die Stimmenz&auml;hler, die nicht Aktion&auml;re zu sein brauchen. Das Protokoll ist vom Vorsitzenden und vom Protokollf&uuml;hrer
    zu unterzeichnen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 11 - Chairman and Minutes</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The president of the board of directors chairs
    the shareholders&rsquo; meeting, or, if he or she is prevented from doing so, any other member of the board of directors designated by
    such board will chair the meeting. In the event there is no member of the board of directors present, the shareholders&rsquo; meeting
    will elect a president for the day.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The chairman designates the secretary and
    the scrutineers, who need not be shareholders. The minutes must be signed by the chairman and the recording secretary.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: center"><B>Art. 12 - Stimmrecht und Vertretung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Jede Aktie verf&uuml;gt, unabh&auml;ngig von
    ihrem Nennwert, &uuml;ber eine Stimme. Die Rechte an den Aktien sind unteilbar. Das Stimmrecht und die &uuml;brigen Mitgliedschaftsrechte
    k&ouml;nnen nur von den im Aktienbuch eingetragenen Aktion&auml;ren, Nutzniessern oder Nominees geltend gemacht werden. Vorbehalten bleiben
    die gesetzliche Vertretung sowie nach Massgabe der Statuten die rechtsgesch&auml;ftliche Stellvertretung. Stimmberechtigt in der Generalversammlung
    sind diejenigen Aktion&auml;re, Nutzniesser und Nominees, die an dem vom Verwaltungsrat bezeichneten Stichtag im Aktienbuch eingetragen
    sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 12 - Voting Right and Proxy</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Each share shall be entitled to one vote,
    regardless of its nominal value. The shares are not divisible. The right to vote and the other member rights may only be exercised by
    shareholders, beneficiaries or nominees who are registered in the share register. Reserved are the legal representation and power of attorneys
    in accordance with the provisions of these articles of association. Those entitled to vote in the shareholders&rsquo; meeting are the shareholders,
    beneficiaries and nominees who are entered in the share register at such cut-off date as shall be determined by the board of directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Jeder Aktion&auml;r kann seine Aktien an der
    Generalversammlung selbst vertreten oder durch den unabh&auml;ngigen Stimmrechtsvertreter, durch einen anderen Aktion&auml;r oder eine
    Drittperson (die nicht selbst Aktion&auml;r sein muss) mittels schriftlicher Vollmacht oder durch seinen gesetzlichen Vertreter vertreten
    lassen. &Uuml;ber die Anerkennung der Vollmacht entscheidet der Vorsitzende.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Any shareholder may represent his/her/its
    shares in the shareholders&rsquo; meeting him-/her-/itself or may be represented by the independent proxy, another registered shareholder
    or a third party (who need not be a shareholder) with written authorization or his/her/its legal representative to act as proxy to represent
    his/her/its shareholder at the shareholders&rsquo; meeting. The chairman decides whether to recognize the power of attorney.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der unabh&auml;ngige Stimmrechtsvertreter
    wird von der Generalversammlung f&uuml;r eine Amtsdauer bis zum Abschluss der n&auml;chsten ordentlichen Generalversammlung gew&auml;hlt
    und kann wiedergew&auml;hlt werden. Hat die Gesellschaft keinen unabh&auml;ngigen Stimmrechtsvertreter oder ist der unabh&auml;ngige Stimmrechtsvertreter
    verhindert, bezeichnet der Verwaltungsrat den unabh&auml;ngigen Stimmrechtsvertreter f&uuml;r die n&auml;chste Generalversammlung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The independent proxy shall be elected by
    the shareholders&rsquo; meeting for a term of office until the completion of the next annual shareholders&rsquo; meeting and shall be eligible
    for re-election. If the Company does not have an independent proxy or if the independent proxy is unable to attend, the board of directors
    shall appoint the independent proxy for the next shareholders&rsquo; meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat erl&auml;sst die Bestimmungen
    betreffend Ausweis &uuml;ber Aktienbesitz, Vollmachten und Stimminstruktionen sowie die Ausgabe von Stimmaktien.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors shall issue the regulations on the method of providing shareholder status, on proxies and voting instructions, and on the issue of voting cards.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 13 - Beschlussfassung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung fasst ihre Beschl&uuml;sse
    und vollzieht ihre Wahlen, soweit das Gesetz oder die Statuten es nicht anders bestimmen, mit der absoluten Mehrheit der vertretenen Aktienstimmen.
    Bei Stimmengleichheit gilt ein Antrag als abgelehnt. Dem Vorsitzenden steht kein Stichentscheid zu.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 13 - Adoption of Resolutions</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Unless provided otherwise by mandatory provisions
    of law or by the articles of association, resolutions and elections are passed by the absolute majority of all votes represented. In the
    event of a tie, a motion is deemed to have been rejected. The chairman does not have a tie-breaking vote.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bevor ein Beschluss nach Art. 8 Ziff. 3 und 4 dieser Statuten gefasst werden kann, muss der Generalversammlung der Revisionsbericht vorliegen. Die Revisionsstelle muss an der Generalversammlung anwesend sein.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Before passing a resolution according to Article
    8 Sections 3 and 4 of these articles of association, an audit report must be available to the shareholders&rsquo; meeting. Auditors must be
    present at the shareholders&rsquo; meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ein Beschluss der Generalversammlung, der mindestens zwei Drittel der vertretenen Stimmen und die absolute Mehrheit der vertretenen Aktiennennwerte auf sich vereinigt, ist erforderlich f&uuml;r:</FONT></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A resolution of the shareholders&rsquo; meeting passed by at least two thirds of the votes represented and the absolute majority of the nominal value of the shares represented at the meeting is required for:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die &Auml;nderung des Gesellschaftszweckes;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the change of the Company&rsquo;s purpose;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Einf&uuml;hrung von Stimmrechtsaktien; </FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the creation of shares with privileged voting rights; </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Beschr&auml;nkung der &Uuml;bertragbarkeit von Namenaktien;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the restriction of the transferability of registered shares;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eine genehmigte oder eine bedingte Kapitalerh&ouml;hung;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the increase of capital, authorized or subject to a condition;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Kapitalerh&ouml;hung aus Eigenkapital, gegen Sacheinlage oder zwecks Sach&uuml;bernahme und die Gew&auml;hrung von besonderen Vorteilen;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an increase of capital out of equity, against contributions in kind, or for the purpose of acquisition of assets and the granting of special benefits;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Einschr&auml;nkung oder Aufhebung des Bezugsrechtes;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the limitation or withdrawal of preferential subscription rights;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 27pt; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Verlegung des Sitzes der Gesellschaft;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;moving the registered office and principal place of business of the Company;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 27pt; text-align: justify; text-indent: -0.25in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Aufl&ouml;sung der Gesellschaft mit oder ohne Liquidation.</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the dissolution or liquidation of the Company.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Sofern das Fusionsgesetz keine h&ouml;heren
    Quoren vorsieht, gelten die Quoren gem&auml;ss vorgenannten Abschnitt f&uuml;r Beschl&uuml;sse unter dem Fusionsgesetz.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Unless the Swiss Merger Act provides for higher
    quorums, the same quorums as set forth in the abovementioned section shall apply to the resolutions according to the Swiss Merger Act.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Statutenbestimmungen, die f&uuml;r die Fassung
    bestimmter Beschl&uuml;sse gr&ouml;ssere Mehrheiten als die vom Gesetz vorgeschriebenen festlegen, k&ouml;nnen nur mit dem erh&ouml;hten
    Mehr eingef&uuml;hrt und aufgehoben werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Should the articles of association contain
    provisions which set higher majorities than those provided for by law for the adoption of certain resolutions, such provisions may be
    introduced and set aside only with such higher majority.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 7.1pt 0pt 0">&nbsp;</P></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>B. Verwaltungsrat</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 14 - Wahl und Zusammensetzung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat der Gesellschaft besteht
    aus drei oder mehreren Mitgliedern.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>B. Board of Directors</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 14 - Election and Constitution</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors of the Company consists
    of three or more members.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Mitglieder des Verwaltungsrates und der
    Pr&auml;sident des Verwaltungsrates werden von der Generalversammlung j&auml;hrlich f&uuml;r die Dauer bis zum Abschluss der n&auml;chsten
    ordentlichen Generalversammlung gew&auml;hlt und sind wieder w&auml;hlbar. Die Wahl erfolgt f&uuml;r jedes Mitglied einzeln.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The members of the board of directors and
    the chairman of the board of directors shall be elected annually by the shareholders&rsquo; meeting for a period until the completion of the
    next annual shareholders&rsquo; meeting and shall be eligible for re-election. Each member of the board of directors shall be elected individually.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Vorbeh&auml;ltlich der Wahl des Pr&auml;sidenten
    des Verwaltungsrates und der Mitglieder des Verg&uuml;tungsausschusses durch die Generalversammlung konstituiert sich der Verwaltungsrat
    selbst. Er bezeichnet den Sekret&auml;r, der dem Verwaltungsrat nicht angeh&ouml;ren muss. Ist das Pr&auml;sidium des Verwaltungsrates
    vakant, bezeichnet der Verwaltungsrat aus seiner Mitte einen Pr&auml;sidenten f&uuml;r die verbleibende Amtsdauer.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Except for the election of the chairman of
    the board of directors and the members of the compensation committee by the shareholders&rsquo; meeting, the board of directors shall constitute
    itself. It shall appoint the secretary, who does not need to be a member of the board of directors. If the office of the chairman of the
    board of directors is vacant, the board of directors shall appoint a new chairman of the board of directors from among its members for
    the remaining term of office.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 15 - Sitzungen und Beschlussfassung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Beschlussf&auml;higkeit, Beschlussfassung
    und Gesch&auml;ftsordnung werden im Organisationsreglement geregelt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 15 - Meetings and Adoption of Resolutions</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The quorum, the adoption of resolutions and
    rules of procedure are set forth in the organizational rules.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Jedes Mitglied des Verwaltungsrates kann unter
    Angabe der Gr&uuml;nde vom Pr&auml;sidenten die unverz&uuml;gliche Einberufung einer Sitzung verlangen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Each member of the board of directors is entitled
    to request the president to convene an immediate meeting by specifying the reason therefore.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Sitzungen des Verwaltungsrates werden
vom Pr&auml;sidenten, im Falle seiner Verhinderung, falls vorhanden, vom Vizepr&auml;sidenten oder, im Falle der Verhinderung des Pr&auml;sidenten
und des Vizepr&auml;sidenten von einem anderen Mitglied des Verwaltungsrates einberufen, so oft dies als notwendig erscheint.&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Meetings of the board of directors shall be
    called by its chairman, in his absence by the vice chairman, if any, or in the absence of the chairman and the vice chairman by another
    member of the board of directors, whenever the need arises.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Bei der Beschlussfassung in Sitzungen des
    Verwaltungsrates hat der Vorsitzende den Stichentscheid.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The chairman casts the tie-breaking vote if
    required for resolutions to be adopted at meetings of the board of directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Kein Pr&auml;senzquorum ist erforderlich,
    wenn ausschliesslich die Durchf&uuml;hrung einer Kapitalerh&ouml;hung festzustellen und die daraus folgende Statuten&auml;nderung zu beschliessen
    ist.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">No quorum of presence is needed, if only the
    execution of an increase of capital has to be ascertained and the the Articles of Association have to be adapted out of it.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Beschl&uuml;sse k&ouml;nnen ohne Abhalten
    einer Sitzung des Verwaltungsrates auf dem Wege der schriftlichen Zustimmung zu einem gestellten Antrag (d.h. per Brief, Fax oder E-Mail)
    gefasst werden, sofern nicht ein Mitglied die m&uuml;ndliche Beratung verlangt. Solche Beschl&uuml;sse werden mit der Mehrheit der abgegebenen
    Stimmen gefasst.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Resolutions can be passed without holding
    a meeting of the board of directors by obtaining the written consent of the board of directors to a given proposal (i.e. by letter, fax
    or electronic transmission), provided no member requests oral deliberations. Such resolution may be taken with the majority of votes cast.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&Uuml;ber die Verhandlungen und Beschl&uuml;sse
    ist ein Protokoll zu f&uuml;hren, das vom Vorsitzenden und vom Sekret&auml;r unterzeichnet wird.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Minutes of the business and resolutions of
    the board of directors must be kept. Such minutes must be signed by the chairman and the secretary.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 16 - Recht auf Auskunft und Einsicht</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Jedes Mitglied des Verwaltungsrates kann Auskunft
    &uuml;ber alle Angelegenheiten der Gesellschaft verlangen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 16 - Right to Obtain Information and
    Right to Inspect</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Each member of the board of directors may
    request information regarding all matters of the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">In den Sitzungen sind alle Mitglieder des
    Verwaltungsrates sowie die mit der Gesch&auml;ftsf&uuml;hrung betrauten Personen zur Auskunft verpflichtet.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">During the meetings, all members of the board
    of directors and all persons in charge of management have the obligation to provide information.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Ausserhalb der Sitzungen kann jedes Mitglied
    von den mit der Gesch&auml;ftsf&uuml;hrung betrauten Personen Auskunft &uuml;ber den Gesch&auml;ftsgang und, mit Erm&auml;chtigung des
    Pr&auml;sidenten, auch &uuml;ber einzelne Gesch&auml;fte verlangen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Outside the meetings, each member may request
    information regarding the course of business, and, with the president&rsquo;s consent, regarding individual transactions from the persons
    in charge of management of the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Soweit es f&uuml;r die Erf&uuml;llung einer
    Aufgabe erforderlich ist, kann jedes Mitglied dem Pr&auml;sidenten beantragen, dass ihm B&uuml;cher und Akten vorgelegt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">To the extent required for the performance
    of his or her duties, each member may apply to the president to be provided the books and records.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Weist der Pr&auml;sident ein Gesuch auf Auskunft,
    Anh&ouml;rung oder Einsicht ab, so entscheidet der Verwaltungsrat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">If the president denies a request for information,
    to be heard, or for the inspection of documents, the board of directors will decide.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Regelungen oder Beschl&uuml;sse des Verwaltungsrates,
    die das Recht auf Auskunft und Einsichtnahme der Verwaltungsr&auml;te erweitern, bleiben vorbehalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Stipulations or resolutions of the board of
    directors extending its members&rsquo; right to obtain information and their right to inspect documents remain reserved.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 17 - Aufgaben</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat kann in allen Angelegenheiten
    Beschluss fassen, die nicht nach Gesetz oder Statuten der Generalversammlung zugeteilt sind. Er f&uuml;hrt die Gesch&auml;fte der Gesellschaft,
    soweit er die Gesch&auml;ftsf&uuml;hrung nicht &uuml;bertragen hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 17 - Duties</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors may decide all matters
    that are not allocated to other corporate bodies by law or the articles of association. The board of directors manages the Company&rsquo;s
    business to the extent it has not delegated management.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat hat folgende un&uuml;bertragbare
    und unentziehbare Aufgaben:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors has the following non-transferable
    and inalienable duties:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Oberleitung der Gesellschaft und die Erteilung der n&ouml;tigen Weisungen;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the ultimate direction of the business of the Company and the giving of the necessary directives;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Festlegung der Organisation; </FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the establishment of the organization; </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Ausgestaltung des Rechnungswesens, der Finanzkontrolle sowie der Finanzplanung, sofern diese f&uuml;r die F&uuml;hrung der Gesellschaft notwendig ist;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the structuring of the accounting system, the financial control and, to the extent necessary for the management of the Company, the financial planning;</FONT></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Ernennung und Abberufung der mit der Gesch&auml;ftsf&uuml;hrung und der Vertretung betrauten Personen und die Regelung ihrer Zeichnungsberechtigung;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt; width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;the appointment and removal of the persons entrusted with the management and the representation of the Company and regulating the power to sign for the Company;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Oberaufsicht &uuml;ber die mit der Gesch&auml;ftsf&uuml;hrung betrauten Personen, namentlich im Hinblick auf die Befolgung der Gesetze, Statuten, Reglemente und Weisungen;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;the ultimate supervision of the persons entrusted with the management of the Company, namely in view of their compliance with the law, the articles of association, regulations and instructions;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Erstellung des Gesch&auml;ftsberichtes und des Verg&uuml;tungsberichtes sowie die Vorbereitung der Generalversammlung und die Ausf&uuml;hrung ihrer Beschl&uuml;sse;</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;the preparation of the annual report and the compensation report, as well as the preparation of the shareholders&rsquo; meeting and the implementation of its resolutions;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die Benachrichtigung des Richters im Falle der &Uuml;berschuldung.</FONT></TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;the notification of the judge in the case of overindebtedness;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 16.25pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -17.95pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 12.5pt; padding-bottom: 0; padding-left: 26.95pt; text-align: justify; text-indent: -14.2pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">Der Verwaltungsrat kann die Vorbereitung und die Ausf&uuml;hrung
    seiner Beschl&uuml;sse oder die &Uuml;berwachung von Gesch&auml;ften Aussch&uuml;ssen oder einzelnen Mitgliedern zuweisen. Er hat f&uuml;r
    eine angemessene Berichterstattung an seine Mitglieder zu sorgen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors may assign the preparation
    and the implementation of its resolutions or the supervision of business transactions to committees or individual members. It shall provide
    for adequate reporting to its members.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">Der Verwaltungsrat wahrt die Interessen der Gesellschaft in guten
    Treuen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors attends faithfully
    to the Company&rsquo;s interests.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 18 - &Uuml;bertragung der Gesch&auml;ftsf&uuml;hrung
    und der Vertretung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 18 - Delegation of Management and Representation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat kann die Gesch&auml;ftsf&uuml;hrung
    nach Massgabe eines Organisationsreglementes ganz oder zum Teil an einzelne Mitglieder (Delegierte) oder an Dritte (Direktoren) &uuml;bertragen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-bottom: 0; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors may delegate management
    or parts thereof to individual members (managing directors) or to third parties (managers) in accordance with organization rules.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dieses Reglement ordnet die Gesch&auml;ftsf&uuml;hrung, bestimmt die hierf&uuml;r erforderlichen Stellen, umschreibt deren Aufgaben und regelt insbesondere die Berichterstattung.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">These rules provide for a management structure,
    determine the positions required for this purpose, describe their respective duties and stipulate in particular the reporting rules.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">Soweit die Gesch&auml;ftsf&uuml;hrung nicht
    &uuml;bertragen worden ist, steht sie allen Mitgliedern des Verwaltungsrates gesamthaft zu.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">To the extent management has not been delegated,
    it is vested jointly in the members of the board of directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Der Verwaltungsrat kann die Vertretung einem oder mehreren Mitgliedern (Delegierte) oder Dritten (Direktoren) &uuml;bertragen. Mindestens ein Mitglied des Verwaltungsrates muss zur Vertretung befugt sein.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors may delegate the power
    of representation to one or several members (delegates) or third parties (executive officers). At least one member of the board of directors
    must be empowered to represent the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 18a - Schadloshaltung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 18a - Indemnification</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">(a) Soweit gesetzlich zul&auml;ssig h&auml;lt
    die Gesellschaft aktuelle und ehemalige Mitglieder des Verwaltungsrates und der Gesch&auml;ftsleitung sowie deren Erben, Konkurs- oder
    Nachlassmassen aus Gesellschaftsmitteln f&uuml;r Sch&auml;den, Verluste und Kosten aus drohenden, h&auml;ngigen oder abgeschlossenen Klagen,
    Verfahren oder Untersuchungen in zivil-, straf- und verwaltungsrechtlicher oder anderer Natur (beispielsweise und nicht ausschliesslich
    Verantwortlichkeiten gest&uuml;tzt auf Vertragsrecht, Haftpflichtrecht und anderes anwendbares ausl&auml;ndisches Recht und alle angemessenen
    Anwalts-, Prozess- und andere Kosten und Auslagen) schadlos, welche ihnen oder ihren Erben, Konkurs- oder Nachlassmassen entstehen oder
    entstehen k&ouml;nnen aufgrund (i) von tats&auml;chlichen oder behaupteten Handlungen, Zustimmungen oder Unterlassungen im Zusammenhang
    mit der Aus&uuml;bung ihrer Pflichten oder behaupteten Pflichten, (ii) ihrer T&auml;tigkeit als Mitglied des Verwaltungsrates oder der
    Gesch&auml;ftsleitung, oder (iii) ihrer T&auml;tigkeit im Auftrag der Gesellschaft als Mitglied des Verwaltungsrates oder der Gesch&auml;ftsleitung,
    Arbeitnehmer oder Agent einer anderen Kapitalgesellschaft, Personengesellschaft, eines Trusts oder anderer Gesellschaftsformen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">(a) The Company shall indemnify and hold harmless,
    to the fullest extent permitted by law, the current and former members of the board of directors, the executive management, and their
    heirs, executors and administrators out of the assets of the Company from against all damages, losses, liabilities and expenses in connection
    with threatened, pending or completed actions, proceeding or investigations, whether civil, criminal, administrative or other (including
    but not limited to, liabilities under contract, tor and statute or any applicable foreign law or regulation and all reasonable legal and
    other costs and expenses properly payable) which they or any of them, their heirs, executors or administrators, shall or may incur or
    sustain by or reason of (i) any act done or alleged to be done, concurred or alleged to be concurred in or omitted or alleged to be omitted
    in or about the execution of their duty, or alleged duty; or (ii) serving as a member of the board of directors or member of the executive
    management of the Company; or iii) serving at the request of the Company as director, officer, or employee or agent of another company,
    partnership, trust or other enterprise.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Diese Pflicht zur Schadloshaltung besteht
    nicht, soweit in einem endg&uuml;ltigen und rechtskr&auml;ftigen Entscheid eines zust&auml;ndigen Gerichts, Schiedsgerichts oder einer
    zust&auml;ndigen Verwaltungsbeh&ouml;rde entschieden worden ist, dass eine der genannten Personen ihrer Pflichten als Mitglied des Verwaltungsrates
    oder der Gesch&auml;ftsleitung absichtlich oder grobfahrl&auml;ssig verletzt hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">This indemnity shall not extent to any matter
    in which any of the said persons is found, in a final judgment or decree of a court, arbitral tribunal or government or administrative
    authority of competent jurisdiction not subject to appeal, to have committed an intentional or grossly negligent breach of said person&rsquo;s
    duties as a member of the board of directors or member of the executive management.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">(b) Ohne die vorstehende lit. a einzuschr&auml;nken,
    schiesst die Gesellschaft aktuellen und ehemaligen Mitgliedern des Verwaltungsrates und der Gesch&auml;ftsleitung die Gerichts- oder Anwaltskosten
    vor, die im Zusammenhang mit zivil-, straf- oder verwaltungsrechtlichen Verfahren oder im Zusammenhang mit Untersuchungen, wie in vorstehender
    lit. a beschrieben, anfallen. Die Gesellschaft kann solche Kostenvorsch&uuml;sse ablehnen oder zur&uuml;ckfordern, sofern ein zust&auml;ndiges
    Gericht oder eine zust&auml;ndige Verwaltungsbeh&ouml;rde rechtskr&auml;ftig feststellt, dass das entsprechende Mitglied des Verwaltungsrates
    oder der Gesch&auml;ftsleitung eine vors&auml;tzliche oder grobfahrl&auml;ssige Verletzung seiner Pflichten als Mitglied des Verwaltungsrats
    oder der Gesch&auml;ftsleitung begangen hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">(b) Without limiting the foregoing lit. a,
    the Company shall advance existing and former members of the board of directors and executive management court costs and attorney fees
    in connection with civil, criminal, administrative or investigative proceedings as described in the preceding lit. a. The Company may
    reject or recover such advanced costs if a court or governmental or administrative authority of competent jurisdiction not subject to
    appeal holds that the member of the board of directors or member of the executive management in questions has committed an intentional
    gross negligent breach of his statutory duties as a member of the board of directors or member of the executive management.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">(c) Die Gesellschaft kann Haftpflichtversicherungen
    f&uuml;r die Mitglieder des Verwaltungsrates oder der Gesch&auml;ftsleitung abschliessen. Die Bezahlung der Versicherungspr&auml;mien
    wird von der Gesellschaft oder ihren Tochtergesellschaften &uuml;bernommen</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">(c) The Company may procure directors&rsquo; and
    officers&rsquo; liability insurance for members of the board of directors and members of the executive management of the Company. The insurance
    premiums shall be charged to and paid by the Company or its subsidiaries.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Art. 19 - Wahl und Zusammensetzung des Verg&uuml;tungsausschusses</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verg&uuml;tungsausschuss besteht aus zwei
    oder mehreren Mitgliedern des Verwaltungsrates.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Art. 19 - Election and Constitution of Compensation
    Committee</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The compensation committee shall consist of
    two or more members of the board of directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Der Verwaltungsrat bezeichnet den Vorsitzenden des Verg&uuml;tungsausschusses.</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors shall appoint the chairman
    of the compensation committee.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Mitglieder des Verg&uuml;tungsausschusses
    werden von der Generalversammlung j&auml;hrlich f&uuml;r die Dauer bis zum Abschluss der n&auml;chsten ordentlichen Generalversammlung
    gew&auml;hlt und sind wieder w&auml;hlbar. Die Wahl erfolgt f&uuml;r jedes Mitglied des Verg&uuml;tungsausschusses einzeln. Bei Vakanzen
    im Verg&uuml;tungsausschuss, die zu einer Unterschreitung der Mindestanzahl von zwei Mitgliedern f&uuml;hren, ernennt der Verwaltungsrat
    f&uuml;r die verbleibende Amtsdauer die fehlenden Mitglieder aus seiner Mitte.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The members of the compensation committee
    shall be elected annually by the shareholders&rsquo; meeting for a period until the completion of the next annual shareholders&rsquo; meeting and
    shall be eligible for re-election. Each member of the compensation committee shall be elected individually. If there are vacancies on
    the compensation committee and the number of members falls below the minimum of two, the board of directors shall appoint the missing
    member from among its members for the remaining term of office.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat kann im Organisationsreglement
    oder in einem separaten Reglement N&auml;heres zur Organisation und Beschlussfassung des Verg&uuml;tungsausschusses festlegen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors may determine further details on the organization and decision-making of the compensation committee in the organizational rules or in separate regulations.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 20 - Aufgaben des Verg&uuml;tungsausschusses</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verg&uuml;tungsausschuss unterst&uuml;tzt
    den Verwaltungsrat bei der Festsetzung und &Uuml;berpr&uuml;fung der Verg&uuml;tungsprinzipien und -richtlinien, bei der Erstellung des
    Verg&uuml;tungsberichts sowie bei der Vorbereitung der Antr&auml;ge zuhanden der Generalversammlung &uuml;ber die Verg&uuml;tung des Verwaltungsrates
    und der Gesch&auml;ftsleitung. Er kann dem Verwaltungsrat Antr&auml;ge und Empfehlungen zu weiteren Verg&uuml;tungsfragen unterbreiten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 20 - Duties of Compensation Committee</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The compensation committee shall support the
    board of directors to establish and review the Company&rsquo;s compensation principles and guidelines, in preparing the compensation report
    and in preparing the proposals to the shareholders&rsquo; meeting regarding compensation of the members of the board of directors and the members
    of the executive management. The compensation committee may submit proposals to the board of directors in other compensation related issues.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat kann dem Verg&uuml;tungsausschuss
    weitere Aufgaben und Befugnisse zuweisen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 54%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors may delegate further tasks and powers to the compensation committee.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>C. Revisionsstelle</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 21 - Zusammensetzung, Amtsdauer</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung w&auml;hlt eine
oder mehrere nat&uuml;rliche oder juristische Personen als Revisionsstelle, welche die besonderen fachlichen Voraussetzungen im Sinne
von Art. 727b OR erf&uuml;llen m&uuml;ssen. Die Amtsdauer betr&auml;gt ein Jahr. Eine Wiederwahl ist zul&auml;ssig.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>C. Auditors</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 21 - Composition, Term of Office</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">One or several natural or legal persons
may be elected as auditors, who must meet the special professional standards as defined in Art. 727b CO. The term of office is one year.
Re-election is permitted.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 22 - Befugnisse</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Revisionsstelle hat die im Gesetz festgehaltenen
    Befugnisse und Pflichten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 22 - Powers</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The auditors dispose of the duties and entitlements
    laid down in the law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung kann die Aufgaben und
    Befugnisse der Revisionsstelle jederzeit erweitern, doch d&uuml;rfen der Revisionsstelle keine Aufgaben des Verwaltungsrates &uuml;bertragen
    werden oder solche, die die Unabh&auml;ngigkeit beeintr&auml;chtigen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The shareholders&rsquo; meeting may at any time extend the duties and powers of the auditors, buy the auditors may not be assigned any duties of the board of directors or any duties that would impair their independence.</FONT></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>IV. Verg&uuml;tung des Verwaltungsrates und
    der Gesch&auml;ftsleitung </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>IV. Compensation of the Board of Directors
    and the Executive Management</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 23 - Genehmigung der Verg&uuml;tung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Art. 23 - Approval of Compensations by Shareholders&rsquo; Meeting</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Generalversammlung genehmigt j&auml;hrlich
    die Antr&auml;ge des Verwaltungsrates in Bezug auf:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">a)&nbsp;&nbsp;&nbsp;den
    maximalen Gesamtbetrag der Verg&uuml;tung des Verwaltungsrates f&uuml;r die folgende Amtsperiode;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">b)&nbsp;&nbsp;&nbsp;den
    maximalen Gesamtbetrag der Verg&uuml;tung der Gesch&auml;ftsleitung f&uuml;r das folgende Gesch&auml;ftsjahr.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The shareholders&rsquo; meeting shall approve annually
    the proposals of the board of directors in relation to:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">a)&nbsp;&nbsp;&nbsp;&nbsp;the
    maximum aggregate amount of the compensation of the board of directors for the following term office;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">b)&nbsp;&nbsp;&nbsp;the
    maximum aggregate amount of the compensation of the executive management for the following financial year.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Der Verwaltungsrat kann der Generalversammlung abweichende und zus&auml;tzliche Antr&auml;ge in Bezug auf die gleichen oder andere Zeitperioden zur Genehmigung vorlegen.</FONT></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of directors may submit for approval by the shareholders&rsquo; meeting deviating or additional proposals relating to the same or different periods.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: left">Lehnt die Generalversammlung einen Antrag
des Verwaltungsrates ab, setzt der Verwaltungsrat den entsprechenden (maximalen) Gesamtbetrag oder (maximale) Teilbetr&auml;ge unter
Ber&uuml;cksichtigung aller relevanten Faktoren fest, und unterbreitet den oder die so festgesetzten Betr&auml;ge derselben Generalversammlung,
einer nachfolgenden ausserordentlichen Generalversammlung oder der n&auml;chsten ordentlichen Generalversammlung zur Genehmigung.&nbsp;</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the event the shareholders&rsquo; meeting does not approve a proposal of the board of directors, the board of directors shall determine, taking into account all relevant factors, the respective (maximum) aggregate amount or partial (maximum) amounts, and submit the amount(s) so determined for approval by the same shareholders&rsquo; meeting, a subsequent extraordinary shareholders&rsquo; meeting or the next annual shareholders&rsquo; meeting.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft oder von ihr kontrollierte
Gesellschaften k&ouml;nnen Verg&uuml;tungen vor der Genehmigung durch die Generalversammlung unter Vorbehalt der nachtr&auml;glichen
Genehmigung durch die Generalversammlung ausrichten.</P></TD>
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company or any company controlled by it may pay out compensation prior to approval by the shareholders&rsquo; meeting subject to subsequent approval by the shareholders&rsquo; meeting.</FONT></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft oder von ihr kontrolliere
    Gesellschaften sind erm&auml;chtigt, jedem Mitglied, das w&auml;hrend einer von der Generalversammlung bereits genehmigten Verg&uuml;tungsperiode
    in die Gesch&auml;ftsleitung eintritt, w&auml;hrend der Dauer der bereits genehmigten Verg&uuml;tungsperiode(n) einen Zusatzbetrag auszurichten.
    Der Zusatzbetrag darf 50% der zuletzt von der Generalversammlung genehmigten Gesamtbetr&auml;ge der fixen und variablen Verg&uuml;tungen
    der Gesch&auml;ftsleitung je Verg&uuml;tungsperiode nicht &uuml;bersteigen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company or any company controlled by it
    shall be authorized to pay to any executive who becomes a member during a compensation period for which the shareholders&rsquo; meeting has
    already approved the compensation of the executive management a supplementary amount during the compensation period(s) already approved.
    The supplementary amount shall not exceed 50% of the aggregate amounts of fixed and variable compensation of the executive management
    last approved by the shareholders&rsquo; meeting per compensation period.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 24 - Allgemeine Verg&uuml;tungsgrunds&auml;tze</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Verg&uuml;tung der Mitglieder des Verwaltungsrates
    umfasst grunds&auml;tzlich zus&auml;tzlich zu der fixen Grundentsch&auml;digung keine variable Verg&uuml;tung. Zus&auml;tzlich zu einer
    fixen Verg&uuml;tung kann den Mitgliedern der Gesch&auml;ftsleitung eine variable Verg&uuml;tung, die sich nach der Erreichung bestimmter
    Leistungsziele richtet, ausgerichtet werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 24 - General Compensation Principles</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The compensation of members of the Board shall
    not consist of any variable compensation, in addition to the fixed compensation. In addition to a fixed compensation, members of the executive
    management may be paid a variable compensation, depending on the achievement of certain performance criteria.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Leistungsziele k&ouml;nnen pers&ouml;nliche
    Ziele, Ziele der Gesellschaft oder bereichsspezifische Ziele und im Vergleich zum Markt, anderen Unternehmen oder vergleichbaren Richtgr&ouml;ssen
    berechnete Ziele umfassen, unter Ber&uuml;cksichtigung von Funktion und Verantwortungsstufe des Empf&auml;ngers der variablen Verg&uuml;tung.
    Der Verwaltungsrat oder, soweit an ihn delegiert, der Verg&uuml;tungsausschuss legen die Gewichtung der Leistungsziele und die jeweiligen
    Zielwerte fest.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The performance criteria may include individual
    targets, targets of the Company or parts thereof and targets in relation to the market, other companies or comparable benchmarks, taking
    into account position and level of responsibility of the recipient of the variable compensation. The board of directors or, where delegated
    to it, the compensation committee shall determine the relative weight of the performance criteria and the respective target values.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Verg&uuml;tung von Mitgliedern des Verwaltungsrates
    erfolgt grunds&auml;tzlich in Geld und/oder Aktien. Die Verg&uuml;tung von Mitgliedern der Gesch&auml;ftsleitung kann in Form von Geld,
    Aktien, Finanzinstrumenten oder Sach- oder Dienstleistung ausgerichtet werden. Der Verwaltungsrat oder, soweit an ihn delegiert, der Verg&uuml;tungsausschuss
    legen Zuteilungs-, Aus&uuml;bungs-, und Verfallsbedingungen sowie Wartefristen fest. Sie k&ouml;nnen vorsehen, dass aufgrund des Eintritts
    im Voraus bestimmter Ereignisse wie einem Kontrollwechsel oder der Beendigung einer Arbeits- oder Mandatsverh&auml;ltnisses Wartefristen
    oder Aus&uuml;bungsbedingungen weitergelten, verk&uuml;rzt oder aufgehoben werden, Verg&uuml;tungen unter Annahme der Erreichung der Zielwerte
    ausgerichtet werden oder Verg&uuml;tungen verfallen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The compensation of members of the Board shall
    generally be paid or granted in the form of cash and/or shares. The compensation of members of the executive management may be paid or
    granted in the form of cash, shares, financial instruments, in kind, or in the form of other types of benefits. The board of directors
    or, where delegated to it, the compensation committee shall determine grant, vesting, exercise and forfeiture conditions; they may provide
    for continuation, acceleration, or removal of vesting and exercise conditions, for payment or grant of compensation assuming target achievement
    or for forfeiture in the event of pre-determined events such as a change-of-control or termination of an employment or mandate agreement.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat oder der Verg&uuml;tungsausschuss
    kann im Rahmen eines Aktienbeteiligungsprogramms sowie eines hierzu von ihm erlassenen Reglements &uuml;ber die Zuteilung von Optionsrechten
    oder andere aktienbasierte Verg&uuml;tungen an Mitglieder des Verwaltungsrates und der Gesch&auml;ftsleitung grunds&auml;tzlich nach freiem
    Ermessen entscheiden</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Zuteilungen erfolgen individuell und ohne
    irgendwelche Anspr&uuml;che der Empf&auml;nger auf wiederkehrende Leistung zu begr&uuml;nden. Sie haben im Rahmen folgender Vorgaben zu
    erfolgen:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">a)&nbsp;&nbsp;&nbsp;Zuteilungen
    sind ausschliesslich m&ouml;glich an Mitglieder des Verwaltungsrates, welche noch im Amt sind, oder an Mitglieder der Gesch&auml;ftsleitung
    in ungek&uuml;ndigtem Arbeitsverh&auml;ltnis und nach Ablauf der Probezeit;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">b)&nbsp;&nbsp;der
Ausgabepreis oder die Regeln zu seiner Bestimmung werden festgelegt, wobei Zuteilungen auch gratis erfolgen k&ouml;nnen;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors or the compensation
    committee may under an equity incentive plan and based on the regulations issued by it for this purpose determine at its own discretion
    to grant option rights or other share based compensations to members of directors or members of the executive management.&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Grants are made individually and do not constitute
    any claim whatsoever by beneficiaries for recurring awards. They shall be made pursuant to the following principles:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">a)&nbsp;&nbsp;&nbsp;&nbsp;grants
    are awarded only to members of the board of directors whose term has not expired or to members of the executive management in a non-terminated
    employment agreement and after conclusion of the probation period;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">b)&nbsp;&nbsp;&nbsp;the
    issue price or the principles for the determination of the issue price shall be set out, whereby grants may be made free of charge;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">c)&nbsp;&nbsp;&nbsp;&nbsp;der
    Aus&uuml;bungspreis entspricht mindestens dem Nennwert der zugrundeliegenden Aktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">d)&nbsp;&nbsp;die
    Wartefrist f&uuml;r die Aus&uuml;bung von Optionsrechte bel&auml;uft sich auf mindestens zw&ouml;lf Monate;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">e)&nbsp;&nbsp;&nbsp;nach
Ablauf der Wartefrist k&ouml;nnen Optionsrechte bis l&auml;ngstens 10 Jahre ab Zuteilung ausge&uuml;bt werden; nicht ausge&uuml;bte Optionsrechte
verfallen ersatzlos.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat oder der Verg&uuml;tungsausschluss
    bestimmt die Bedingungen und Voraussetzungen, einschliesslich einer allf&auml;lligen Beschleunigung, Verk&uuml;rzung oder Aufhebung der
    Sperrfrist im Fall bestimmter Ereignisse wie einem Kontrollwechsel sowie allf&auml;llige R&uuml;ckforderungsmechanismen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">c)&nbsp;&nbsp;&nbsp;&nbsp;the
    exercise price shall at least be equal to the nominal value of underlying shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">d)&nbsp;&nbsp;&nbsp;&nbsp;exercise
    shall be subject to a vesting period of at least twelve months;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">e)&nbsp;&nbsp;&nbsp;&nbsp;vested
    option rights shall be exercised within a maximum of ten years after the grant date; unexercised option rights shall lapse without compensation.&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors or the compensation
    committee shall determine more detailed term and requirements, including any acceleration, curtailing or waiving of the vesting period
    in specific circumstances such as change of control, as well as any claw-back provisions.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Verg&uuml;tung kann durch die Gesellschaft
    oder durch die von ihr kontrollierten Gesellschaften ausgerichtet werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Compensation may be paid by the Company or
    companies controlled by it.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 25 - Vertr&auml;ge &uuml;ber die Verg&uuml;tungen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft oder von ihr kontrollierten
    Gesellschaften k&ouml;nnen mit Mitgliedern des Verwaltungsrates unbefristete oder befristete Vertr&auml;ge &uuml;ber deren Verg&uuml;tung
    abschliessen. Die Dauer und Beendigung richten sich nach Amtsdauer und Gesetz.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 25 - Agreements Regarding Compensations</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company or companies controlled by it
    may enter into agreements for a fixed term or for an indefinite term with the members of the board of directors relating to their compensation.
    Duration and termination shall comply with the term of office and the law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Gesellschaft oder von ihr kontrollierte
    Gesellschaften k&ouml;nnen mit Mitgliedern der Gesch&auml;ftsleitung unbefristete oder befristete Arbeitsvertr&auml;ge abschliessen. Befristete
    Arbeitsvertr&auml;ge haben eine H&ouml;chstdauer von einem Jahr. Eine Erneuerung ist zul&auml;ssig. Unbefristete Arbeitsvertr&auml;ge
    haben eine K&uuml;ndigungsfrist von maximal zw&ouml;lf Monaten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company or companies controlled by it
    may enter into employment agreements with members of the executive management for a fixed term or for an indefinite term. Employment agreements
    for a fixed term may have a maximum duration of 1 year. Renewal is possible. Employment agreements for an indefinite term may have a termination
    notice period of not more than 12 months.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Mitglieder der Gesch&auml;ftsleitung, die
    einer K&uuml;ndigungsfrist unterliegen, k&ouml;nnen von ihrer Arbeitspflicht befreit werden. Die Gesellschaft oder von ihr kontrollierte
    Gesellschaften k&ouml;nnen Aufhebungsvereinbarungen abschliessen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Member of executive management who are subject
    to a termination notice may be released from their obligation of work. The Company or companies controlled by it may enter into termination
    agreements.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">De Gesellschaft oder von ihr kontrollierte
    Gesellschaften k&ouml;nnen Konkurrenzverbote f&uuml;r die Zeit nach Beendigung eines Arbeitsvertrags f&uuml;r eine Dauer von bis zu einem
    Jahr vereinbaren. Ein solches Konkurrenzverbot wird grunds&auml;tzlich nicht abgegolten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The Company or companies controlled by
it may enter into non-compete agreements for the time after termination of the employment agreement for a duration of up to one year.
Such non-compete agreement shall not be compensated in principle.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 26 - Darlehen und Kredite</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">An Mitgliedern des Verwaltungsrates oder der
    Gesch&auml;ftsleitung d&uuml;rfen keine Darlehen, Kredite oder Sicherheiten gew&auml;hrt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 26 - Loans and Credits</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Members of the board of directors or member
    of the executive management may not be granted any loans, credits or securities.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>V. Mandate ausserhalb der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 27 - Mandate ausserhalb der Gesellschaft</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">Kein Mitglied des Verwaltungsrates kann mehr als f&uuml;nf zus&auml;tzliche
    Mandate in b&ouml;rsenkotierte Gesellschafen und f&uuml;nf zus&auml;tzliche in nicht-kotierte Gesellschaften wahrnehmen.</P>
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>V. Mandates Outside the Company</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 27 - Mandates Outside the Company</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">No member of the board of directors may hold more than five additional
    mandates in listed companies and five additional mandates in non-listed companies.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">Mitglieder der Gesch&auml;ftsleitung d&uuml;rfen nicht mehr als
    drei zus&auml;tzliche Mandate in b&ouml;rsen-kotierten Gesellschaften und drei zus&auml;tzliche in nicht-kotierten Gesellschaften wahrnehmen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt">Member of the executive management may not hold more than three
    additional mandates in listed companies and three additional mandates in non-listed companies.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>&nbsp;</B></P></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify; font-size: 10pt; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Die folgenden Mandate fallen nicht unter diese Beschr&auml;nkung:</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The following mandates are not subject to
    these limitation:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 7.1pt; padding-left: 43.1pt; text-align: justify; text-indent: -0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mandate in Unternehmen, die durch die Gesellschaft kontrolliert werden oder die Gesellschaft kontrolliert;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">a)&nbsp;&nbsp;&nbsp;&nbsp;Mandates
    in companies which are controlled by the Company or which control the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">b)&nbsp;&nbsp;&nbsp;Mandate
    in Vereinen, gemeinn&uuml;tzigen Organisationen, Stiftungen, Trusts sowie Personalf&uuml;rsorgestiftungen. Kein Mitglied des Verwaltungsrates
    oder der Gesch&auml;ftsleitung kann mehr als f&uuml;nf solche Mandate wahrnehmen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 43.1pt; text-align: justify; text-indent: -0.25in">b)&nbsp;&nbsp;&nbsp;Mandates
    in associations, charitable organizations, foundations, trusts and employee welfare foundation. No member of the board of directors or
    of the executive management shall hold more than five such mandates.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VI. Rechnungsabschluss und Gewinnverteilung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 28 - Gesch&auml;ftsjahr und Buchf&uuml;hrung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Der Verwaltungsrat bestimmt das Gesch&auml;ftsjahr.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Jahresrechnung, bestehend aus Erfolgsrechnung,
    Bilanz und Anhang, sowie die Konzernrechnung sind gem&auml;ss den Vorschriften des Schweizerischen Obligationenrechts, insbesondere der
    Art. 958 ff. OR, sowie nach den Grunds&auml;tzen der ordnungsgem&auml;ssen Rechnungslegung aufzustellen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>VI. Annual Accounts and Appropriation of
    Profits</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 28 - Fiscal Year and Bookkeeping</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The board of directors determines the fiscal
    year.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The annual accounts consisting of the statement
    of income, the balance sheet and the notes to the financial statements, as well as the consolidated accounts shall be drawn up in accordance
    with the provisions of the Swiss Code of Obligations, in particular Art.&nbsp;958 et seq. CO, and generally accepted accounting principles.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 29 - Reserven und Gewinnverwendung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 9pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Aus dem Jahresgewinn ist zuerst die Zuweisung
    an die Reserven entsprechend den Vorschriften des Gesetzes vorzunehmen. Der Bilanzgewinn steht zur Verf&uuml;gung der Generalversammlung,
    die ihn im Rahmen der gesetzlichen Auflagen (insbesondere Art. 671 ff. OR) nach freiem Ermessen verwenden kann.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 9pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 29 - Reserves and Appropriation of
    Profits</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Out of the annual net income, the allocation
    to reserves must be made first according to the law. The distributable retained profit is available to the shareholders&rsquo; meeting
    to be used in accordance with the provisions set forth in the law (in particular Art. 671 et seq. CO) at its discretion.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: center">&nbsp;</P></TD></TR>
</TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 46%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 30 - Aufl&ouml;sung und Liquidation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 9pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Aufl&ouml;sung der Gesellschaft kann durch
    einen Beschluss der Generalversammlung, &uuml;ber den eine &ouml;ffentliche Urkunde zu errichten ist, erfolgen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Die Liquidation wird durch den Verwaltungsrat
    besorgt, falls sie nicht durch einen Beschluss der Generalversammlung anderen Personen &uuml;bertragen wird. Die Liquidation erfolgt gem&auml;ss
    Art. 742 ff. OR.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 9pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 54%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 30 - Dissolution and Liquidation</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.4pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.4pt; text-align: justify">The Company may be dissolved by
    resolution of the shareholders&rsquo; meeting that must be recorded in a notarized deed.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.5pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.5pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.5pt; text-align: justify">The liquidation is implemented by
    the board of directors, unless entrusted to other persons by resolution of the shareholders&rsquo; meeting. The liquidation must be implemented
    in accordance with Art. 742 et seq. CO.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.5pt; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>VII. Benachrichtigung</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 9pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 31 - Bekanntmachungen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 9pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Publikationsorgan f&uuml;r Bekanntmachungen
    der Gesellschaft ist das Schweizerische Handelsamtsblatt; der Verwaltungsrat kann weitere Publikationsorgane bezeichnen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Sofern der Gesellschaft die Namen und
Adressen aller Aktion&auml;re bekannt sind und Gesetz oder Statuten nicht zwingend etwas anderes bestimmen, k&ouml;nnen die Mitteilungen
an die Aktion&auml;re auch durch Brief an die im Aktienbuch verzeichneten Adressen, durch Fax oder E-Mail rechtsg&uuml;ltig erfolgen.
In diesem Falle kann die Publikation im Schweizerischen Handelsamtsblatt unterbleiben.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>VII. Notification</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.5pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: center"><B>Art. 31 - Notices</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt 0pt 5.5pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">The publication gazette for notice of the
    Company is the Swiss Official Gazette of Commerce; the board of directors may select additional publishing mediums.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.1pt; text-align: justify">Provided that the Company is aware of
the names and addresses of all shareholders and the law or the articles of association do not necessarily stipulate otherwise, notifications
to shareholders can also be made in a legally valid manner by letter to the addresses listed in the share register, facsimile or electronic
mail. In this case, publication in the Swiss Official Gazette of Commerce may be omitted.</P></TD></TR>
  </TABLE>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0 0 0pt; text-align: justify"><B>Auslegung/ <I>Interpretation</I></B></P>

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

<P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">Ausschliesslich die deutsche Fassung dieser
Statuten ist rechtsverbindlich. Die englische &Uuml;bersetzung dieser Statuten hat keinerlei Rechtswirkungen und kann nicht zur Auslegung
des deutschen Textes herangezogen werden.</P>

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

<P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Solely </I></FONT>the
<I>German version of the company&rsquo;s statutes shall be legally binding. The English translation shall have no legal effects and may
not be used for the interpretation of the German wording.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0">Zug, 13. Oktober
2021</P>

<P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><I>Zug, 13 October 2021</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 40%; padding-right: 0.1in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/ Alexander Zwyer </I></FONT></TD>
    <TD STYLE="width: 60%; padding-right: 0.1in; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alexander Zwyer</FONT></TD>
    <TD STYLE="padding-right: 0.1in; font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Konformit&auml;tsbeglaubigung:</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Die unterzeichnende Notarin des Kantons Zug,
Rechtsanw&auml;ltin Mich&egrave;le Joho, Wenger Vieli AG, Metallstrasse 9, 6302 Zug, beglaubigt hiermit, dass es sich vorliegend um die
vollst&auml;ndigen, unter Ber&uuml;cksichtigung der &Auml;nderungen vom heutigen Tag g&uuml;ltigen Statuten der NLS Pharmaceutics AG,
Stans, handelt.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; padding-right: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zug,
    den [Datum]</FONT></TD>
    <TD STYLE="width: 60%; padding-right: 7.1pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Die
    Notarin</U>:</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">31</P>

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