Refactorysp. z o.o.

Manner of representation

In the case of a multi-member management board, the company is represented as follows: each member of the management board is authorised to submit declarations and sign documents on behalf of the company independently, subject to the proviso that, for submitting declarations and signing documents whose content involves the company incurring a monetary obligation with a value exceeding PLN 100,000 or a non-monetary obligation with a value exceeding PLN 300,000, the joint action of two members of the management board or of one member of the management board acting jointly with a commercial proxy is required. In the case of periodic performances, the value of all performances arising from the relevant agreement is taken as the value of the obligation, and in the case of agreements concluded for an indefinite period, the value of all performances arising from the relevant agreement for a period of one year.