Leniar & Leniarsp. z o.o.

Manner of representation

In the case of a one-person management board, the company may be represented by one member of the management board acting independently. In the case of a multi-member management board, the company may be represented: a) with regard to all judicial and extrajudicial actions concerning non-property rights and with regard to judicial and extrajudicial actions concerning property rights or obligations whose value does not exceed PLN 50,000, including disposal of a right or incurring an obligation – by the President of the Management Board independently; b) with regard to all judicial and extrajudicial actions concerning non-property rights and with regard to judicial and extrajudicial actions concerning property rights or obligations whose value does not exceed PLN 30,000, including disposal of a right or incurring an obligation – by the Vice-President independently; c) with regard to actions other than those indicated in points a) and b) above, in particular judicial and extrajudicial actions concerning property rights or obligations whose value exceeds PLN 50,000 – by the President of the Management Board and the Vice-President acting jointly, or by the President of the Management Board and two members of the management board acting jointly; or by the Vice-President and two members of the management board acting jointly, or, if neither the President of the Management Board nor the Vice-President has been appointed, by two members of the management board.