AWD Mediasp. z o.o.

Manner of representation

In the case of a multi-member management board, the following persons are authorised to submit declarations of will on behalf of the company: A) each member of the management board separately – in the case of disposing of a right or incurring an obligation up to a net amount of PLN 50,000.00 (fifty thousand zlotys) or the equivalent of this amount in another currency; B) two members of the management board jointly in the case of disposing of a right or incurring an obligation above a net amount of PLN 50,000.00 (fifty thousand zlotys) or the equivalent of this amount in another currency; incurring by the company of an obligation or disposing of a right whose value exceeds the net amount of PLN 250,000.00 (two hundred and fifty thousand zlotys) or the equivalent of this amount in a currency requires a resolution of the management board.