Eco-Tarasp. z o.o.

Manner of representation

A) In the case of a one-person management board, the President of the Management Board represents the company independently, provided that if a declaration of will on behalf of the company causes the company to incur an obligation exceeding EUR 25,000.00 (twenty-five thousand euros), the consent of the partners' meeting is required. B) In the case of a multi-member management board: 1) Each member of the management board may independently make a declaration of will on behalf of the company provided that the resulting obligation of the company does not exceed EUR 5,000.00 (five thousand euros). 2) The President of the Management Board may independently make a declaration of will provided that the declaration causes the company to incur an obligation not exceeding EUR 25,000.00 (twenty-five thousand euros). Above this amount, joint action by two members of the management board, or by the President with a commercial proxy or one of the members of the management board, is required. C) Transfers and cash withdrawals resulting from the company's settlements may be signed by each member of the management board individually, subject to the restrictions arising from point 2(b), paragraph 5, §19 of this agreement.