Gryf Tradesp. z o.o.

Manner of representation

I. The following are authorized to make declarations concerning property rights and obligations, including signing agreements and incurring liabilities: 1. In the case of a one-person management board–one member of the management board independently; when disposing of a right or incurring liabilities exceeding PLN 50,000, a resolution of the partners’ meeting is required. 2. In the case of a multi-member management board–a member of the management board jointly with a commercial proxy; when disposing of a right or incurring liabilities exceeding PLN 50,000, a resolution of the partners’ meeting is required. II. The following are authorized to make declarations concerning non-property rights and obligations: 1. In the case of a one-person management board–one member of the management board independently. 2. In the case of a multi-member management board–a member of the management board jointly with a commercial proxy.