Ajinomoto Jawosp. z o.o.

Manner of representation

The declarations of will and signing of documents on behalf of the company are authorised by the President of the Management Board acting jointly with the Vice-President of the Management Board or with a member of the management board appointed by JAWO sp. z o.o., if the management board consists of 4 members, or with one of the members of the management board appointed by JAWO sp. z o.o., if the management board consists of 6 members (the members of the management board appointed by JAWO sp. z o.o. are referred to as JAWO management board members), or by the Vice-President of the Management Board acting jointly with the President of the Management Board or with a member of the management board appointed by Ajinomoto Frozen Foods Co., Inc., if the management board consists of 4 members, or with one of the members of the management board appointed by Ajinomoto Frozen Foods Co., Inc., if the management board consists of 6 members (the members of the management board appointed by Ajinomoto Frozen Foods Co., Inc. are referred to as FFA management board members), or by a JAWO management board member acting jointly with an FFA management board member, if the management board consists of 4 members, or by one of the JAWO management board members acting jointly with one of the FFA management board members, if the management board consists of 6 members. The declarations of will and signing of documents on behalf of the company concerning property rights and obligations whose gross value does not exceed EUR 35,000.00 (thirty-five thousand euros) or the equivalent of this amount in Polish zlotys according to the average exchange rate of the National Bank of Poland (average foreign currency exchange rates–Table A) on the date of conclusion of the transaction, provided that in the case of long-term transactions or transactions involving recurring performances by the company, or more than one transaction concluded with the same entity, the value of the company's obligation constitutes the total sum of the company's obligations towards such entity over a period of 12 months, may be effected by each member of the management board independently. This limitation does not apply to agreements for the supply of utilities (water and sewage, electricity, gas, waste collection), which may always be concluded by one member of the management board acting independently.