BG Tradingsp. z o.o.

Manner of representation

In the case of a multi-member management board consisting of two or more persons, in matters involving declarations of will on behalf of the company that result in the disposal of a right whose value does not exceed the equivalent in złoty of PLN 50,000 (fifty thousand złoty), inclusive, or the creation of an obligation to provide a performance in an amount equivalent in złoty to up to PLN 50,000 (fifty thousand złoty), inclusive, each member of the management board and the commercial proxy is authorized to act independently. In the case of a multi-member management board consisting of two or more persons, declarations of will on behalf of the company that result in the disposal of a right whose value exceeds the equivalent in złoty of PLN 50,000, or the creation of an obligation to provide a performance in an amount equivalent in złoty exceeding PLN 50,000 (fifty thousand złoty), require the joint action of two members of the management board or one member of the management board together with a commercial proxy. In matters not involving property, each member of the management board and the attorney-in-fact is authorized to submit declarations of will and sign documents independently within the scope of the authorization.