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Obermatt declares to provide the Obermatt Bonus Index as an independent third party.

The Obermatt Bonus Index is:

1. Independent of subjective judgment, by measuring performance relative to peers.
2. Independent of both executives and shareholders, by setting the peer universe and terms of relative performance assessment in advance.
3. Independent of compensation, by not accepting performance based fees and not holding investment interests in client companies.

Signed by Obermatt for the Obermatt Bonus Index