A Mostysp. z o.o.

Manner of representation

Members of Management Board Group A are authorised to represent the company and submit declarations of will on its behalf independently in all matters, unless they result in disposing of a right or incurring an obligation with a value exceeding the PLN equivalent of EUR 100,000 according to the NBP average exchange rate as at the day preceding the day on which the declaration of will is submitted. Disposing of a right or incurring an obligation with a value exceeding the PLN equivalent of EUR 100,000 according to the NBP average exchange rate as at the day preceding the day on which the declaration of will is submitted requires the declaration of will to be submitted consensually by two members of Management Board Group A acting jointly. A member of Management Board Group B is entitled to represent the company and submit declarations of will on its behalf acting jointly with a member of Management Board Group A, or, in the case of declarations of will resulting in disposing of a right or incurring an obligation above the amount constituting the PLN equivalent of EUR 100,000 according to the NBP average exchange rate as at the day preceding the day on which the declaration is submitted, jointly with two members of Management Board Group A. When incurring obligations of a continuing nature for a definite period, the value of the obligation incurred is calculated by taking into account the value of all performances for the entire duration of the obligation. When incurring obligations of a continuing nature for an indefinite period, the value of the obligation incurred is calculated by taking into account the value of all performances that would be due for a period of one year.