Bebio Ewa Chodakowska-Kavoukissp. j.

Manner of representation

The partners are entitled to represent the company: 1. Ewa Chodakowska-Kavouкis, 2. Eleftherios Kavoukis, 3. Joanna Kowalska, 4. Agnieszka Łubiarz, in such a way that making a declaration on behalf of the company requires the joint action of two partners, subject to the following material matters, which require the joint action of at least three partners: 1. sale and lease of the enterprise or its organised part and establishment of a limited right in rem thereon; 2. acquisition and sale or encumbrance of any real estate; 3. incurring by the company of an obligation or disposal by the company of a right vis-à-vis: i) a partner; ii) the partner's spouse or the partner's cohabiting partner; iii) a person who is a lineal relative of the partner, a collateral relative of the partner, or a lineal relative by marriage; iv) a person connected with the partner by adoption, guardianship or curatorship, with the additional proviso that this does not apply where the agreement or legal act concerns two partners; 4. establishment of security interests, transfer, contribution in kind, sale or encumbrance by the company of any intellectual property right with a value exceeding PLN 100,000.00 (one hundred thousand złoty) or its equivalent; 5. disposal of a right or incurring an obligation to provide a performance with a value exceeding PLN 100,000.00 (one hundred thousand złoty) or its equivalent; 6. acquisition, taking up and sale by the company of shares or stocks, as well as the entirety of rights and obligations, in other companies or entities, waiver of the pre-emptive right to shares or stocks, acquisition and sale of any securities, currencies or financial instruments within the meaning of the provisions on trading in financial instruments, in particular futures contracts and options, except for the acquisition of currencies for the purpose of repaying existing obligations; 7. incurring by the company of obligations whose amount cannot be determined on the date on which the obligation is incurred.