Skalo J.S.G. Sadownik sp.j.

Subject to the terms hereof, each partner is individually entitled to represent the company's affairs in all judicial and extrajudicial activities, in particular to incur liabilities for the company or incur expenses related to the company's operation, regardless of the scope and size of the business. When borrowing loans and cash loans in excess of PLN 300,000.00 (three hundred thousand zlotys), selling or relinquishing ownership of non-current assets with a unit value of over PLN 300,000.00 (three hundred thousand zlotys), selling the company or an organized part of the company's business irrespective of the value of the transaction, encumbrance of the company's limited property in the event of the company incurring liabilities towards its contractor or expenses in the amount exceeding PLN 300,000.00 (three hundred thousand zlotys), and in case of continuous contracts if the annual value of receivables payable by the company will exceed the amount of PLN 100,000.00 (one hundred thousand zlotys), and when the promissory note is taken out, irrespective of the amount of such obligation to submit declarations and sign on behalf of the company the required is the cooperation of two partners.