Proen Budownictwosp. z o.o.

Manner of representation

1. The following persons are authorised to make declarations of will and sign on behalf of the company: 1) in the case of a one-person management board, the President of the Management Board independently; 2) in the case of a multi-member management board: a) the Vice-President acting independently, or the President of the Management Board acting jointly with the Vice-President, or the President of the Management Board acting jointly with a commercial proxy; b) two members of the management board or one member of the management board jointly with a commercial proxy. 2. Irrespective of the number of appointed members of the management board, if a commercial proxy is granted: a) an independent commercial proxy is authorised to independently perform all judicial and extrajudicial acts related to the company’s business, including granting further powers of attorney; b) a joint commercial proxy is authorised to perform all judicial and extrajudicial acts related to the company’s business, including granting further powers of attorney, jointly with a member of the management board or jointly with another commercial proxy.