Yelokraft Groupsp. z o.o.

Manner of representation

1. To make declarations of will on behalf of the company and represent it in transactions involving the assumption of obligations or dispositions of rights whose value: - does not exceed PLN 30,000.00 (in words: thirty thousand), each member of the management board is authorised to act independently; - amounts to or exceeds PLN 30,000.00 (in words: thirty thousand), all members of the management board are authorised to act jointly. 2. In transactions not listed in the preceding paragraph, each member of the management board is authorised to represent the company independently. 3. In the case of a one-person management board, the President of the Management Board or an attorney-in-fact designated by the President of the Management Board is authorised to make declarations and sign on behalf of the company. 4. In the case of a one-person management board, in agreements between the company and a member of the management board, the company is represented by an attorney-in-fact appointed by a resolution of the partners.