Lubud Prosp. z o.o.

Manner of representation

1. Each member of the management board is authorised independently to make declarations on behalf of the company in matters not exceeding the scope of the company’s ordinary activities, whereby a matter not exceeding the scope of the company’s ordinary activities means giving consent to perform a legal act resulting in incurring an obligation or disposing of a right with a value not exceeding PLN 2,000,000 (in words: two million zlotys). 2. Each member of the management board is authorised independently to make declarations concerning property and non-property rights and obligations and to sign documents on behalf of the company resulting in the disposal of a right whose value does not exceed PLN 2,000,000.00 (two million zlotys), inclusive, or the creation of an obligation to render a performance with a value up to PLN 2,000,000.00 (two million zlotys), inclusive. To make declarations concerning property and non-property rights and obligations and to sign documents on behalf of the company resulting in the disposal of a right whose value exceeds PLN 2,000,000.00 (two million zlotys), or the creation of an obligation to render a performance with a value above PLN 2,000,000.00 (two million zlotys), joint action by two members of the management board is required.