BSC 2sp. z o.o.

Manner of representation

Where the management board is a one-person management board, the sole member of the management board represents the company independently in all property and non-property matters. Where the management board is a multi-member management board, the company is represented according to the following rules: a. the President of the Management Board is authorised to make declarations of will and perform legal acts on behalf of the company, both in property and non-property matters, independently and without limitation; b. the other members of the management board and commercial proxies are authorised to represent the company independently in non-property matters and in property matters with a value not exceeding the equivalent of EUR 100,000.00 (one hundred thousand euros); c. in property matters with a value exceeding the equivalent of EUR 100,000.00 (one hundred thousand euros), a member of the management board other than the President of the Management Board or a commercial proxy is obliged to act jointly with another member of the management board or a second commercial proxy.