The subject of the contract is to grant a long-term PLN loan up to PLN 13,000,000.00 to cover the budget deficit in 2022.

The detailed scope of the order is:

1) The loan will be activated in tranches, the amount and date of which will be adapted to the needs of the Ordering Party, by 31 December 2022 at the latest.

2) The loan repayment will be secured by a blank promissory note together with a promissory note declaration, bearing the Countersignature of the Treasurer.

3) The loan period is set for the years 2022-2032.

4) The principal will be repaid in quarterly installments, from 2023 to 2032.

5) The Ordering Party reserves the right to use part of the loan without giving a reason and without incurring any fees.

1. The subject of the contract is to grant a long-term PLN loan up to PLN 13,000,000.00 (in words: thirteen million), in accordance with Resolution No. XLIX/358/2021 of the Dębno City Council of December 30, 2021 on the adoption of the budget of the Municipality of Dębna for 2022 and Resolution No. LIII/387/2022 of the City Council of Dębno of March 31, 2022 on the amendment of the budget resolution for 2022, to cover the budget deficit in 2022 The detailed scope of the order is:

1) Currency type: PLN .

2) The loan will be activated in tranches, the amount and date of which will be adapted to the needs of the Ordering Party.

3) The payment of loan tranches will take place within a maximum of 5 working days from the submission of a written application by the Ordering Party, by 31 December 2022 at the latest.

4) The Ordering Party reserves the right to use part of the loan without giving a reason and without incurring any fees in this respect.

5) The loan repayment will be secured by a blank promissory note together with a promissory note declaration, countersigned by the Treasurer.

6) The Ordering Party does not agree to sign a statement of submission to enforcement in the form of a notarial deed in accordance with § 777 of the Code of Civil Procedure.

7) The loan period is set for the years 2022-2032.

8) The principal will be repaid in quarterly installments, from 2023 to 2032.

2. Failure to use the full amount of the loan requires setting a new repayment schedule.

3. Interest repayment dates – quarterly (on the last day of a given quarter), starting from the fourth quarter of 2022, on the basis of the Bank's notifications of their amount and maturity sent electronically at the latest 10 days before the interest repayment date.

4. The loan amount will bear interest on an annual basis, at a variable interest rate. The interest rate will be equal to the reference rate, increased by the bank's margin. The reference rate will be the WIBOR 3M rate. The WIBOR 3M rate for each interest period will be determined on the basis of the arithmetic average of the WIBOR 3M rates in force in the period from the first to the last day of each quarter preceding a given interest period. The bank's margin will be fixed. Interest on the loan will be calculated on the amount of credit actually used. Accrued interest on the used loan will be payable on the last day of each quarter. Interest on the loan will be calculated from the day following the day of payment of the loan tranche and completed on the day of full repayment of the loan. Interest will be calculated only on the disbursed tranches of the loan (i.e. the Bank will not charge interest on the amount of unused loan). When calculating interest, the actual number of days in a given year and quarter is assumed.

5. Guaranteeing by the bank to the Ordering Party the acceptance of early repayment of part or all of the loan, after prior notification to the bank of the intention to repay it within 7 days before its implementation, the possibility of changing the repayment schedule (related to shortening the repayment period, changing the size of installments in individual years of the contract, not exceeding its period, not using the entire loan made available, resulting from previously signed annexes to the loan agreement) without charging fees and commissions.

6. Bank commissions and fees:

a) commission on the unused tranche of the loan - zero,

b) commission on the loan - zero,

c) commission for early repayment of part or all of the loan - zero,

d) change of the repayment schedule - zero,

e) any other commissions – zero.

7. The Ordering Party does not allow the submission of partial or variant offers.

8. The Ordering Party does not allow the transfer of all or part of the contract to a subcontractor.