Gewamarsp. z o.o.

Manner of representation

1. For making declarations of will on behalf of the company in matters in which the value of the company’s performance or the value of the subject matter of the transaction does not exceed PLN 20,000.00 (twenty thousand zloty) net, each member of the management board is authorised to act independently. 2. For making declarations of will on behalf of the company in matters in which the value of the company’s performance or the value of the subject matter of the transaction exceeds PLN 20,000.00 (twenty thousand zloty) net, as well as in matters of an unspecified or indeterminable value, joint action by the President of the Management Board together with the two remaining members of the management board is required. 3. Regardless of paragraphs 1 and 2, joint action by the President of the Management Board together with the two remaining members of the management board is always required when performing the following acts: 1) entering into, amending and terminating bank account agreements, payment card agreements and agreements for the provision of electronic banking services, and submitting applications to open or close a bank account; 2) granting and amending powers of attorney for bank accounts and authorisations in electronic banking systems; 3) incurring credits and loans, issuing bonds and granting loans; 4) granting sureties and guarantees, acceding to debt, issuing and guaranteeing bills of exchange; establishing security over the company’s assets (mortgage, pledge, registered pledge, transfer of ownership by way of security); 6) acquiring, disposing of and encumbering real estate, perpetual usufruct and an interest in real estate; 7) entering into leasing, tenancy, lease and other agreements for the use of things for a period exceeding 12 months; 8) entering into employment contracts and civil-law contracts in which the total annual remuneration exceeds PLN 60,000.00 gross; 9) granting commercial proxies and general and specific powers of attorney; 10) incurring any obligations towards members of the management board, partners or entities affiliated with them.