1) The subject of the contract is to grant a long-term loan in the amount of PLN 2,370,000.00 (in words: two million three hundred seventy thousand zlotys 00/100) in PLN to finance the budget deficit of the Lipka Commune for the period from 20.06.2023 to 31.12.2040. 2) Grace period for repayment of capital installments – until 30.03.2025 (first capital installment payable on 31.03.2025) 3) The loan will be released by transferring funds to the account of the Lipka Municipality: 41 8943 0004 0000 0257 2000 0010 in two tranches, i.e. 1 tranche on the day of signing the contract in the amount of PLN 1,000,000.00, 2nd tranche based on the instruction submitted by the Ordering Party. 4) Repayment of capital installments – quarterly: 64 installments payable on the last business day of the month of March, June, September, December, according to the statement included in the SWZ. 5) The interest rate on the loan will be determined on an annual basis according to a variable interest rate, based on the WIBOR – 3M rate for 3-month deposits from the last quotation in the month preceding the month of accruing interest plus the Contractor's fixed margin. 6) Throughout the loan period, interest should be calculated on the current debt under the loan. Interest on the loan will be paid monthly at the end of each month on the last business day of the month. The interest rate will be set for a monthly interest period. The Contractor shall notify the Contracting Authority of the interest rate and the amount of interest due in writing or by e-mail to the following address: skarbnik@lipka.pnet.pl 7) Capitalisation of interest is unacceptable. 8) Preparation commission 0%. 9) The Bank waives all fees related to the implementation of the loan agreement during its term.

1) The subject of the contract is to grant a long-term loan in the amount of PLN 2,370,000.00 (in words: two million three hundred seventy thousand zlotys 00/100) in PLN to finance the budget deficit of the Lipka Commune for the period from 20.06.2023 to 31.12.2040. 2) Grace period for repayment of capital installments – until 30.03.2025 (first capital installment payable on 31.03.2025) 3) The loan will be released by transferring funds to the account of the Lipka Municipality: 41 8943 0004 0000 0257 2000 0010 in two tranches, i.e. 1 tranche on the day of signing the contract in the amount of PLN 1,000,000.00, 2nd tranche based on the instruction submitted by the Ordering Party. 4) Repayment of capital installments – quarterly: 64 installments payable on the last business day of March, June, September, December, according to the statement. 5) The interest rate on the loan will be determined on an annual basis according to a variable interest rate, based on the WIBOR – 3M rate for 3-month deposits from the last quotation in the month preceding the month of accruing interest plus the Contractor's fixed margin. 6) Throughout the loan period, interest should be calculated on the current debt under the loan. Interest on the loan will be paid monthly at the end of each month on the last business day of the month. The interest rate will be set for a monthly interest period. The Contractor shall notify the Contracting Authority of the interest rate and the amount of interest due in writing or by e-mail to the following address: skarbnik@lipka.pnet.pl 7) Capitalisation of interest is unacceptable. 8) Preparation commission 0%. 9) The Bank waives all fees related to the implementation of the loan agreement during its term. 10) The loan agreement will be signed by the Mayor together with the countersignature of the Treasurer at the headquarters of the Contracting Authority. 11) The loan will be secured by a blank promissory note together with a promissory note declaration signed by the Mayor with the countersignature of the Treasurer. 12) The Ordering Party reserves the right to early repayment of the loan without incurring additional costs, interest will be charged only on the amount of the current outstanding debt. 13) The Ordering Party provides for significant changes in the provisions of the concluded contract in relation to the content of the offer - admissible in the form of an annex and regarding changes in the loan repayment schedule, i.e. the date and amount of repayment of individual principal and interest installments. The provisions of the agreement may be amended with the consent of both parties expressed in writing, in the form of an annex to this agreement, under pain of nullity of such change. 14) The guaranteed minimum level of loan activation is PLN 1,500,000.00 (in words: one million five hundred thousand zlotys 00/100)