Rendberg Monika Frajdenberg, Dariusz Rendaszkasp. j.

Manner of representation

Each partner may independently, without the prior consent of the partners, conduct affairs that do not exceed the scope of the company's ordinary activities. The partners agree that the scope of the company's ordinary activities relates to matters whose value does not exceed PLN 100,000.00 (one hundred thousand zlotys). Outside the scope of the company's ordinary activities are the incurring by the company of loans, borrowings and other debts of this type of a financial nature, as well as the granting by the company of sureties, the establishment of mortgages, pledges and other security of this type. The conclusion by the company of leasing agreements is outside the scope of the company's ordinary activities. Matters exceeding the scope of the ordinary activities require the consent of all partners, expressed in the form of a resolution. Each partner may, without a prior resolution of the partners, perform an urgent act the omission of which could cause serious harm to the company.