"FAKTORIA BUDOWNICTWO" sp. z o.o.

The rights and obligations of the tangible and intangible assets - to the equivalent of 10,000.00 zł is authorized each of the board members individually or independent proxy - above 10,000.00 zł the equivalent of 100,000.00 zł are authorized individually or only the CEO or Vice President, on the principle of joint representation, a board member with a proxy - in the case of obligations or make statements with a value in excess of 100,000.00 zł to represent the company and to make statements, it is required (on the principle of joint representation) President and Vice-President or Chairman of the board and a proxy or Vice-President and member of the board or a board member and vice president of a non-proxy.