Panmedicasp. z o.o.

Manner of representation

For making declarations of will and signing on behalf of the company, where the management board consists of one person, the sole member of the management board bearing the title of Managing Director is authorized. In the case of a multi-member management board, three members of the management board acting jointly are authorized to make declarations of will and sign on behalf of the company, provided that: a) to represent the company in matters not exceeding PLN 10,000.00 in a single instance, each member of the management board is authorized to act independently. In matters exceeding PLN 10,000.00 in a single instance, in the case of a multi-member management board, joint action by three members of the management board is required. b) Without the consent of the General Meeting, the representation of the company may not include entering into agreements with members of their families and with themselves, or with companies in which they hold shares or sit on management boards.