Centrum Badań Środowiska Sorbchemsp. z o.o.

Manner of representation

1. In the case of a one-person management board, a member of the management board acting independently is authorised to make declarations on behalf of the company. 2. In the case of a multi-member management board, the following method of representing the company is established: a) each member of the management board independently is authorised to make declarations on behalf of the company resulting in the incurring of liabilities in an amount of up to PLN 50,000.00, as well as to dispose of a right with a value of up to PLN 50,000.00, and to make declarations not resulting in the incurring of liabilities or the disposal of a right; b) joint action by two members of the management board is required to make declarations on behalf of the company resulting in the incurring of liabilities in an amount exceeding PLN 50,000.00, as well as to dispose of a right with a value exceeding PLN 50,000.00. In the case of recurring performances arising from agreements concluded for an indefinite period, the sum of those performances over a period of 24 months shall be taken into account when determining the value of the liability.