Smart4playsp. z o.o.

Manner of representation

1. In the case of a multi-member management board, in matters of a non-proprietary (intangible) nature that are not directly connected with disposing of a right or incurring a liability of a specified monetary value, but are of a strategic, legal or image-related nature for the company, joint action by two members of the management board is required. 2. In the case of a multi-member management board, each member of the management board is authorised independently to make declarations of will and sign on behalf of the company in matters with a value not exceeding PLN 50,000.00 (fifty thousand zlotys). 3. In the case of a multi-member management board, making declarations of will above PLN 50,000 requires the joint action of 2 (two) members of the management board. 4. To make declarations of will on behalf of the company and incur liabilities exceeding PLN 500,000, joint action by two members of the management board acting jointly is required, provided that such act must be preceded by the adoption by the management board of a unanimous resolution consenting to the performance of that act; if the number of votes cast for and against such resolution is equal, the President of the Management Board has the casting vote.