Krystynasp. z o.o.

Manner of representation

In the case of a one-person management board, the President of the Management Board acting independently. In the case of a two-member management board: (a) each member of the management board acting independently in the case of acts resulting in the disposal of a right or the incurring of an obligation with a one-time value equal to or lower than PLN 20,000; (b) both members of the management board acting jointly in the case of acts resulting in the disposal of a right or the incurring of an obligation with a one-time value higher than PLN 20,000. In the case of a management board consisting of three or more persons: (a) each member of the management board acting independently in the case of acts resulting in the disposal of a right or the incurring of an obligation with a one-time value equal to or lower than PLN 20,000; (b) two members of the management board acting jointly in the case of acts resulting in the disposal of a right or the incurring of an obligation with a one-time value higher than PLN 20,001 but lower than PLN 50,000; (c) three members of the management board acting jointly in the case of acts resulting in the disposal of a right or the incurring of an obligation with a value equal to or higher than PLN 50,000.