The subject of the contract is: granting a long-term loan in the amount of PLN 10,000,000 to finance the budget deficit planned for 2023.

1) The loan in the amount of PLN 10,000,000 (in words: ten million zlotys) will be granted at the request of the contracting authority.

2) The contracting authority informs that the quality requirements for financial services related to granting credit are specified by law, and are also presented in the description of the subject of the contract.

3) Loan period until 31.12.2033

4) Repayment of the loan (capital) – grace period until 31.12.2023. Repayment of capital in the years 2024 – 2033 on a monthly basis, at the end of each month in the sizes and dates specified in Annex 1a to the offer.

5) Repayment of interest – grace period until 31.12.2023. Repayment of interest in the years 2024-2033 on a monthly basis, based on a notification sent by the Bank to the borrower, within 7 days of its receipt.

c.d. description in section 2.4)

6) The interest rate on the loan will be variable, depending on the WIBOR 1M rate, determined as the arithmetic mean of quotations from the month preceding the month for which interest is calculated, increased by the bank's fixed margin.

7) Interest will be calculated on the basis of the actual debt balance. When calculating interest, it is assumed that the month has the actual number of days and the year 365 days. When calculating interest in a leap year, it should be assumed that the month has the actual number of days, and the year 366 days.

8) If the WIBOR 1M rate is negative, until it reaches positive values, the base rate equal to zero is used to calculate interest.

9) The bank will charge a one-time commission on the loan granted.

10) The price of the offer (the cost of the loan) is the sum of interest (WIBOR rate + fixed bank margin) and the amount of commission on the loan granted. No other additional fees may be charged (e.g. for maintaining accounts, transfers, for issuing opinions on loan repayments, etc.).

11) The Ordering Party reserves the right not to use the loan granted in full and early repayment of the loan and a possible change in the repayment schedule or the change of the loan repayment schedule itself without incurring additional fees and penalties. In the event of early repayment of the loan,

Interest will be calculated for the period of its actual use.

12) The loan repayment will be secured by a blank promissory note.