Kadalsp. z o.o.

Manner of representation

In the case of a multi-member management board, each member of the management board and the commercial proxy is authorised to make declarations on behalf of the company resulting in the disposal of a right whose value does not exceed PLN 50,000 (fifty thousand zlotys), inclusive, or in the creation of an obligation to provide a performance with a value of up to PLN 50,000 (fifty thousand zlotys), inclusive, independently. In the case of a multi-member management board, making declarations on behalf of the company resulting in the disposal of a right whose value exceeds PLN 50,000 (fifty thousand zlotys), or in the creation of an obligation to provide a performance with a value above PLN 50,000 (fifty thousand zlotys), requires the joint action of two members of the management board or one member of the management board together with the commercial proxy.