The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 18,200,923.00 intended for early repayment in 2019 of liabilities due to loan installments incurred in previous years, which would be repaid in 2020-2026 - in order to reduce the total cost of service debt throughout the repayment period, in accordance with § 3 para. 1 point 1 of the Resolution No. V / 63/19 of the Limanowski Poviat Council of 23/05/2019 regarding changes in the budget and the budget resolution for 2019 and the resolution of the Limanowski Poviat Council no. V / 61/19 of 23/05/2019. on changes in WPF.

2. The loan will be collected in one tranche until 27/12/2019. The deadline required by the Employer to place the loan / tranche at the disposal of the Employer is up to 3 business days from the date of submission of the payment application.

3. The loan will be repaid in 2020-2026 according to the repayment schedule:

2020 - PLN 5,350,000.00

2021 - PLN 3 914 536.00

2022 - PLN 3,286,387.00

2023 - PLN 2,850,000.00

2024 - PLN 2,100,000.00

2025 - PLN 350,000.00

2026 - PLN 350,000.00.

4. Capital repayment period from 31.3.2020 to 31.12.2026 in each year quarterly to the last working day of the month ending the quarter with the possibility of early repayment at any time (not only the last working day of the month ending the quarter), in the amount specified in repayment schedule adapted to the long-term financial forecast. To determine the amount of quarterly capital installments, the principle of equal installments should be adopted in relation to the planned annual capital repayment limits.

5. Repayment of interest in each year up to the last working day of the month ending the quarter, calculated in monthly periods, starting from 2019. The Employer will be notified by the Contractor in writing - by fax or electronically of the amount of the capital installment and interest payable at least 5 days before their due date.

6. In the event of an overpayment of interest, the Contractor shall not count it towards the capital.

7. For the purposes of the loan, the Contractor shall open an account for the Employer to which the Employer will pay the installments of the loan. Maintenance of auxiliary accounts for servicing the loan will take place without additional charges.

8. Employer acting in accordance with art. 264 paragraph 5 of the Public Finance Act (i.e. Journal of Laws of 2019, item 869) informs that it will not grant the Contractor any powers of attorney to dispose of the Employer's bank accounts.

9. The loan will be granted in Polish zlotys (PLN), all settlements related to the execution of the order will also be in PLN.

10. Calculation of interest: only on the debt actually used.

11. Credit collateral: blank promissory note with promissory note declaration.

12. Source of repayment coverage: poviat budget revenues.

13. The loan bears interest annually at a variable interest rate set as the base rate plus a fixed bank margin. Base rate - variable WIBOR 3M rate (3M WIBOR rate from the last day of the month preceding the accrual of interest. If no WIBOR 3M rate quotation was determined on a given day, the 3M WIBOR rate applies from the day on which the last WIBOR 3M rate was quoted).

14. To calculate the amount of interest, the actual (calendar) number of days in a month and in individual years should be taken.

15. The Employer shall bear only the costs specified in the offer for granting and servicing the loan.

16. The Purchaser reserves:

a) the possibility of early repayment of the loan, in part or in whole, at any time, without charging additional fees in this respect,

b) the possibility of changing the amounts of loan installments in individual years of the repayment period and between years in the entire repayment period.

17. The Awarding Entity does not have any outstanding liabilities at banks, and no debt collection activities related to debts at banks were conducted in relation to the Awarding Entity.

18. The Ordering Party's accounts are not subject to any enforcement activities, and in the last two years there has been no remedial program carried out by the Ordering Party within the meaning of the Act of 27.8.2009 on public finances.

19. The Employer has no arrears towards ZUS and US.

20. The Employer does not use "non-bank" loans as well as financing in the form of forfaiting, factoring and leasing.