Alainé Polskasp. z o.o.

Manner of representation

The President of the Management Board is entitled to represent the company independently in every matter and without any restrictions. A member of the management board who is not the President of the Management Board is entitled to represent the company independently in all court proceedings and in the case of disposing, on behalf of the company, of a right or incurring an obligation on its behalf up to the amount of PLN 200,000.00 (two hundred thousand zlotys). The remaining transactions on behalf of the company may be performed by a member of the management board who is not the President of the Management Board only acting jointly with the President of the Management Board. The financial limitation applicable to a member of the management board who is not the President of the Management Board, referred to above, also applies where that member performs, on behalf of the company, more than one legal transaction with the same third party or an entity affiliated with it within the meaning of Article 4 § 1 point 5 of the Commercial Companies Code, resulting in the company incurring obligations or disposing of rights vested in the company, the total value of which during a period of 12 consecutive months exceeds PLN 200,000.00 (two hundred thousand zlotys).