Bananaramsp. z o.o.

Manner of representation

To make declarations of will on behalf of the company, in the case of establishing a one-person management board, the member of the management board is authorised to act independently. In the case of a multi-member management board, to represent the company: a) each member of the management board is authorised to independently represent the company in legal transactions in which the value of the disposal of assets or the liability incurred does not exceed PLN 50,000 (in words: fifty thousand zlotys) per transaction, and, for legal transactions obliging the company to provide periodic performance, the value of the liability incurred does not exceed PLN 50,000 (in words: fifty thousand zlotys) per year; b) in legal transactions in which the value of the disposal of assets or the liability incurred exceeds PLN 50,000 (in words: fifty thousand zlotys) per transaction, and, for legal transactions obliging the company to provide periodic performance, the value of the liability incurred exceeds PLN 50,000 (in words: fifty thousand zlotys) per year, joint action by two members of the management board is required.