Investsuite Nv (Spółka Akcyjna)Branch (foreign co.)

Manner of representation

Pursuant to Article 16 of the company’s articles of association, the management board represents the company vis-à-vis third parties and before a court as claimant or defendant, acting by a majority of its members. Without prejudice to the general competence of the management board to represent the company, the company shall be validly represented vis-à-vis third parties and before a court and may incur obligations either by one managing director acting individually or by two members of the management board acting together. Within the scope of day-to-day management, the company may additionally be represented by a person (or persons) appointed for this purpose, acting individually or jointly, in accordance with the provisions made at the time of their appointment. If a management committee is established, the company shall be validly represented by a member of the management board and a member of the management committee acting together, and within the scope of the powers granted to the management committee, by two members of the management committee acting together. The bodies representing the company in accordance with the above provisions may appoint attorneys-in-fact. Only special powers of attorney for specified legal acts or a series of specified legal acts are permitted. Attorneys-in-fact incur obligations on behalf of the company within the scope of the power of attorney granted to them, without prejudice to the principal’s liability in the event of an excessive power of attorney.