The subject matter of the contract is: “The provision of a long-term loan of PLN 9,060 851,00 to the Municipality of Tarnów to cover the deficit and the allocation of the budget of the municipality for 2021" under the following conditions:

1) the credit will be collected in tranches, the amount of which will be reported by the borrower at the written disposal for the launch of the tranche of the so-called “on-demand” loan, with the last tranche affecting the bank account no later than 31.12.2021;

2) repayment of the loan in years and amounts:

(a) 2022 r. — 800 000,00 PLN;

(b) 2023 r. — 800 000,00 PLN;

(c) 2024 r. — 900 000,00 PLN;

(d) 2025 — 1 000 000,00 PLN;

(e) 2026 r. — 1 050 000,00 PLN;

(f) 2027 — 1 050 000,00 PLN;

(g) 2028 — 1 015 851,00 PLN;

(h) 2029 r. — 945 000,00 PLN;

(i) 2030 — 1 500 000,00 PLN;

cd. description in section 2.4.

3) the amount of annual principal repayments may change depending on the actual use of the loan and will be determined after 31.12.2021 (i.e., the deadline for the launch of the loan). In the event of non-utilization of the credit granted in full, the reduction of installments will occur in proportion to the amount of

4) repayment of the loan will occur in bimonthly installments, payable on the last working day of each month, starting from 28.2.2022. The installments will be repaid in individual years, at the end of the month of February, April, June, August, October and December. The payment of the loan or installments shall be taken on the day of the impact of the claims on the credit account. If the term of payment of capital installments falls on a date declared statutory free of work, payment of installments shall be made on the first working day following the statutory day off work;

5) the interest repayment will be made within the following dates:

(a) the interest on the loan for 2021 will be payable on a one-time basis on 31.12.2021,

(b) interest for the years 2022 to 2030, within the terms of repayment of capital installments on the basis of written information on the amount of amounts payable, transferred by the contractor without charge of the contracting officer 7 days before the payment date;

6) the interest rate will be based on the base rate — WIBOR 1M, as quoted 2 business days before the start of the month, for which interest will be charged (rounded up to two decimal places), plus the bank margin. If the WIBOR 1M is eliminated, it will be converted to a rate to replace the WIBOR 1M rate or the most close to the size and character of WIBOR 1M without incriminating costs of the contracting person.

Where the base rate of WIBOR 1M is negative, the base rate of 0,00 shall be assumed for the calculation of interest;

7) the bank's fixed margin (as defined in Annex 1a to SWZ), not subject to change throughout the period of performance of the contract;

8) other fees and bank commission will not occur. The credit will not be charged other than those listed in this Terms of Order Specification;

9) the launch of the loan will occur without commissions and fees;

10) securing the loan — promissory note “in blanco”;

11) the Contracting Party reserves the possibility of using part of the credit placed at his disposal;

12) the Contracting Party reserves the possibility of early repayment of the loan without additional fees and commissions;

13) any settlements between the contracting operator and the contractor will be carried out in the Polish currency (PLN).

A detailed description of the order is described in Chapter III of the SWZ.