The subject of the contract is: Granting a long-term loan in the amount of PLN 14,280,000.00. (in words: fourteen million two hundred and eighty thousand zlotys), intended to cover the planned deficit of the Łańcut Municipality.

1. The subject of the contract is: Granting a long-term loan in the amount of PLN 14,280,000.00. (in words: fourteen million two hundred and eighty thousand zlotys), intended to cover the planned deficit of the Łańcut Municipality.

2. The loan should be available to the Ordering Party within 5 working days from the date of submission of the ordering party's instruction by 29 December 2022 at the latest in the amount of PLN 14,280,000.00.

3. The loan will be repaid according to the following schedule:

Lp. Installments Term Amount

1. I installment 30.06.2023 r. 200 000,00 ZŁ.

2. II installment 30.06.2024 r. 400 000,00 ZŁ.

3. III installment 30.00.2025 PLN 400,000.00

4. IV installment 30.06.2026 r. 500 000,00 ZŁ.

5. V installment 30.06.2027 r. 1 200 000,00 ZŁ.

6. VI installment 30.06.2028 r. 1 200 000,00 ZŁ.

7. VII installment 30.06.2029 r. 1 200 000,00 PLN.

8. VIII installment 30.06.2030 r. 1 200 000,00 ZŁ.

9. IX installment 30.06.2031 r. 1 200 000,00 ZŁ.

10. X installment 30.06.2032 r. 1 200 000,00 ZŁ.

11. XI installment 30.06.2033 r. 1 300 000,00 ZŁ.

12. XII installment 30.06.2034 r. 1 400 000,00 ZŁ.

13. XIII 30.06.2035 r. 1 400 000,00 ZŁ.

14. XIV 30.06.2036 r. 1 480 000,00 PLN.

4. If the repayment of loan installments falls on a public holiday, it should be assumed that this deadline has been observed if the repayment takes place on the first business day after the prescribed repayment date.

5. Interest on the loan will be repaid in monthly installments, I installment in the month following the month in which the loan will be launched. Interest installments are to be calculated for the period of calendar months.

Interest installments are payable by the 20th day of the following month for a given interest period (calendar month) on the basis of a written notification from the bank about the amount of interest delivered to the Ordering Party no later than 5 days before the date of payment of interest (by electronic means to the address of a.bozek@gminalancut.pl).

Interest on the loan amount will be calculated for each day of using the loan in monthly periods – the number of days in individual months corresponds to the actual number of calendar days. The calculations should be assumed that the calendar year in all loan repayment years has 365 days (e.g. in leap years in February, the number of days should be counted in the counter 29 and divided by 365). For the calculation of interest, it should be assumed that the initial loan will be launched in full on November 30, 2022.

6. The loan will be secured by a blank promissory note together with a promissory note declaration. The above-mentioned security will be countersigned by the Treasurer of the Municipality.

7. The Ordering Party reserves the right to early repayment of part or all of the loan as well as to activate the incomplete amount of the loan, and the Contractor will not charge additional fees or commissions in this respect.

8. All costs related to granting the loan and its servicing, including fees and commissions, will be included in the bank's margin.

9. The Ordering Party informs that due to the specificity of the subject of the contract, services related to the granting and servicing of the loan cannot be entrusted to subcontractors