Spiżarnia Servicesp. z o.o.

Manner of representation

Each member of the management board is authorized to submit declarations of will on behalf of the company independently in matters not exceeding the scope of the company’s ordinary activities, whereby a matter not exceeding the scope of the company’s ordinary activities is understood to mean consenting to the performance of a legal act resulting in the incurring of a liability or the disposal of a right with a value not exceeding PLN 500,000.00 (in words: five hundred thousand zloty). Each member of the management board is authorized independently to submit declarations of will concerning the company’s property and non-property rights and obligations and to sign documents on behalf of the company resulting in the disposal of a right with a value not exceeding PLN 500,000.00 (five hundred thousand zloty), inclusive, or the creation of an obligation to render performance with a value of up to PLN 500,000.00 (five hundred thousand zloty), inclusive. The joint action of two members of the management board or one member of the management board jointly with a commercial proxy is required to submit declarations of will concerning the company’s property and non-property rights and obligations and to sign documents on behalf of the company resulting in the disposal of a right with a value exceeding PLN 500,000.00 (five hundred thousand zloty) and not exceeding PLN 2,000,000.00 (two million zloty), or the creation of an obligation to render performance with a value exceeding PLN 500,000.00 (five hundred thousand zloty) but not exceeding PLN 2,000,000.00 (two million zloty). The joint action of two members of the management board is required to submit declarations of will concerning the company’s property and non-property rights and obligations and to sign documents on behalf of the company resulting in the disposal of a right or the creation of an obligation to render performance with a value exceeding PLN 2,000,000.00 (two million zloty).