AOP Orphan Pharmaceuticals Polandsp. z o.o.

Manner of representation

If the company's management board consists of more than one member of the management board, the company is represented by: a) the President of the Management Board, acting independently; b) a member of the management board, acting independently, subject to the proviso that where the company undertakes transactions resulting in: a. incurring an obligation or release from an obligation to perform, whose total value exceeds the equivalent of EUR 200,000; b. acquiring, disposing of or encumbering real property or the perpetual usufruct right to real property; c. concluding a lease or tenancy agreement for real property (land or premises); d. encumbering any of the company's assets, in particular by establishing a pledge; e. establishing branches or affiliated entities; f. concluding any loan or credit agreements; the joint action of a member of the management board with the President of the Management Board is required to make declarations on behalf of the company.