4 Steps SolutionsP.S.A.

Manner of representation

The following are authorised to represent the company and manage its affairs: 1. in the case of a one-person management board – a member of the management board acting independently; 2. in the case of a two-person management board: for transactions valued at up to PLN 5,000.00 (five thousand zloty) – each member of the management board acting independently; if the one-off value of a transaction exceeds PLN 5,000.00 (five thousand zloty) and with respect to non-proprietary rights and obligations – two members of the management board acting jointly, or one member of the management board acting jointly with a commercial proxy; 3. in the case of a management board consisting of three to five persons: for transactions valued at up to PLN 5,000.00 (five thousand zloty) – each member of the management board acting independently; if the one-off value of a transaction exceeds PLN 5,000.00 (five thousand zloty) and with respect to non-proprietary rights and obligations – three members of the management board acting jointly, or two members of the management board acting jointly with a commercial proxy. In the case of incurring continuing liabilities, the threshold referred to in points 2 and 3 above shall be determined on the basis of the total value of all proprietary performances. If the company is to be a party to a continuing liability for an indefinite period or lasting longer than one year, the value of the proprietary performances for a period of one year shall be assumed for the purpose of determining the proper representation of the company.