Fundacja Kropla Nadziei Im. Ojca Leona KnabitaFoundation

Manner of representation

1. In non-property matters, each male or female member of the management board is independently authorised to submit declarations of will on behalf of the foundation and to receive declarations addressed to the foundation. 2. In property matters of the foundation, including concluding agreements and granting powers of attorney, where the value of the liability: 1) does not exceed PLN 1,000.00 (one thousand 00/100 zlotys) in a single transaction, each male or female member of the management board is authorised to represent the foundation independently; 2) exceeds PLN 1,000.00 (one thousand 00/100 zlotys) in a single transaction, the joint action of two members of the management board at the same time is required. 3. Incurring a liability on behalf of the foundation which, in a single transaction or during a month, exceeds the amount equivalent to PLN 50,000 (fifty thousand zlotys) requires the prior written consent of the foundation council, expressed in the form of a resolution. 4. In agreements between the foundation and a member of the management board, and in disputes between them, the foundation is represented by an attorney-in-fact appointed by a resolution of the foundation council.