1) The subject of the contract is the granting of a long-term loan in the amount of PLN 2,700,000.00 (in words: two million seven hundred thousand zlotys 00/100) in PLN to finance the budget deficit of the Lipka Commune and repayment of previously incurred liabilities under loans and credits for the period from 08.12.2022 to 31.12.2040. 2) Grace period in repayment of capital installments – until 30.12.2024 (first installment payable on 31.12.2024) 3) The loan will be activated 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 1,700,000.00, 2 tranche on the basis of the order submitted by the Ordering Party. 4) Repayment of capital installments – quarterly: 65 installments payable on the last working day of the month of March, June, September, December, according to the statement published in SWZ. 5) The interest rate on the loan will be set on an annual basis at 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 a fixed margin of the Contractor.

1) The subject of the contract is the granting of a long-term loan in the amount of PLN 2,700,000.00 (in words: two million seven hundred thousand zlotys 00/100) in PLN to finance the budget deficit of the Lipka Commune and repayment of previously incurred liabilities under loans and credits for the period from 08.12.2022 to 31.12.2040. 2) Grace period in repayment of capital installments – until 30.12.2024 (first installment payable on 31.12.2024) 3) The loan will be activated 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 1,700,000.00, 2 tranche on the basis of the order submitted by the Ordering Party. 4) Repayment of capital installments – quarterly: 65 installments payable on the last working day of the month of March, June, September, December, according to the statement published in SWZ. 5) The interest rate on the loan will be set on an annual basis at 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 a fixed margin of the Contractor. 6) Throughout the loan period, interest should be charged on the current loan debt. Interest on the loan will be regulated 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 Ordering Party in writing or by e-mail to the address skarbnik@lipka.pnet.pl 7) Capitalization of interest is unacceptable. 8) Preparation commission 0%. 9) The Bank waives all fees related to the implementation of the loan agreement during its validity. 10) The loan agreement will be signed by the Mayor together with the countersignature of the Treasurer at the Ordering Party's headquarters. 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 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 - permissible in the form of an annex and regarding changes in the loan repayment schedule, i.e. the date and amount of repayment of individual capital and interest installments. An amendment to the provisions of the agreement may take place with the consent of both parties expressed in writing, in the form of an annex to this agreement, under pain of nullity of such a change. 14) The guaranteed minimum level of loan start-up is PLN 2,000,000.00 (in words: two million zlotys 00/100).