Btim+sp. z o.o.

Manner of representation

To make declarations of will on behalf of the company, in the case of a one-person management board, a member of the management board is authorised to act independently. To make declarations of will on behalf of the company, in the case of a multi-member management board, the following applies: 1. Each member of the management board may independently dispose of a right, incur obligations and represent the company up to the amount of PLN 20,000.00. In the case of recurring or continuous performances, the value of the performance or obligation is the sum of the performances for 12 months, and if the performance lasts for a shorter period, for its entire duration. 2. Disposal of a right, incurring obligations and representing the company in transactions exceeding PLN 20,000.00 will require representation by two members of the management board, or by the President of the Management Board acting jointly with a commercial proxy. 3. In non-material matters, the company may be represented by each member of the management board independently.