Herbalabssp. z o.o.

Manner of representation

1. If the management board consists of one person, the sole member of the management board is authorized to represent the company. 2. In the case of a multi-member management board, the following persons are authorized to represent the company: 1) in non-property matters and in property matters whose value is less than PLN 40,000.00 (forty thousand zlotys), each member of the management board independently; 2) in property matters whose value is equal to or exceeds PLN 40,000.00 (forty thousand zlotys), the President of the Management Board independently, or the Vice-President or a member of the management board acting jointly with the President of the Management Board, whereby the value of the matter is determined as the value of the entire performance (in the case of a one-off performance, including a performance divided into instalments), or the value of all performances (in the case of periodic agreements with a term of less than one year), or the value of performances for a period of one year (in the case of periodic agreements with a term of more than one year and agreements concluded for an indefinite period).