4.1. The subject of the contract is the service of granting a long-term loan in the amount of PLN 8,000,000.00 to cover the planned budget deficit and to repay installments of previously drawn credits and loans, with the repayment period in 2020-2029

Loan disbursed in 4 tranches: 1st tranche - PLN 2,000,000 (within 3 days of the day the contract was concluded), 2nd tranche - 2,000,000, 3rd tranche - 2,000,000 PLN, 4th tranche - 2,000,000 PLN (II, III, IV tranche paid at the borrower's request by 31/12/2019 at the latest). The loan will be repaid in 80 installments starting from May 2020. Installments payable in designated months to the last business day of the month. The detailed repayment schedule includes: No. 1 to the application. Interest - WIBOR 1M from the last business day of the month preceding the repayment month plus the bank's fixed margin. Interest paid monthly to the last business day of the month starting from the month following the month in which the loan will be launched.

The Employer has the right to use the loan in an amount lower than the amount of PLN 8,000,000.00 without incurring additional costs (fees, commissions). Possibility to change the loan repayment schedule during the loan period if the orderer due to a sudden change in financial situation submits a written request to enable early repayment of the loan or change the amount of capital installments. The interest rate will then be calculated for the period of actual use of the loan - without additional costs. The commission is payable on the day the loan is released.