Dynamicosp. z o.o.

Manner of representation

If the management board is a one-person management board, the President of the Management Board is authorised independently to make declarations of will on behalf of the company (independent representation). If the management board is a multi-member management board, for making declarations of will and incurring liabilities on behalf of the company: a) the President of the Management Board is authorised independently and without limitation; b) a member of the management board who is not the President of the Management Board is authorised independently, provided that the taking by such member of the management board of any decisions exceeding the scope of ordinary activities or resulting in the incurring of a liability or disposal of a right, whether by way of one or more acts, with a value exceeding PLN 30,000.00 (thirty thousand złoty) or the equivalent of that amount in another currency, requires joint action with the President of the Management Board. In the case of an act involving periodic performances, the value of those performances for the entire term of the agreement, but not longer than one year, shall be taken into account.