K.K Investsp. z o.o.

Manner of representation

Each member of the management board acting independently is authorised to make declarations of will concerning the company’s property and non-property rights and obligations not exceeding the scope of ordinary management activities. For making declarations of will concerning: 1. disposing of a right or incurring an obligation to render a one-off performance with a value exceeding PLN 500,000.00; 2. disposing of a right or incurring an obligation to render periodic performances under an agreement: a) concluded for a period of less than one year, if the total of all performances exceeds PLN 500,000.00; b) concluded for a period of more than one year, if the total of the annual performances exceeds PLN 500,000.00, two members of the management board acting jointly or one member of the management board acting jointly with a commercial proxy are authorised.