The subject of the contract is to grant a long-term loan in the amount of PLN 14,673,100.00 (in words: fourteen million six hundred seventy three thousand one hundred zlotys) for partial financing of the budget deficit and partial repayment of previously incurred liabilities due to loans and credits in 2023.

1. The subject of the contract is the granting of a long-term loan in the amount of PLN 14,673,100.00 (in words: fourteen million six hundred seventy three thousand one hundred zlotys) for partial financing of the budget deficit and partial repayment of previously incurred liabilities under loans and credits in 2023, in particular in accordance with the following requirements:

1) Repayment of the loan will start from 2028 (in accordance with the dates as in the loan repayment schedule, attached to the offer form).

2) The loan will be mobilised in accordance with the following rules:

a) In 2023, it is planned to launch a loan in the total amount of PLN 14,673,100.00 (once or in parts).

b) The funds from the loan shall be made available to the Ordering Party at the request of the Contracting Entity, no later than 5 business days from the date of submission of such an application to the Contractor, but not later than 29.12.2023.

c) With the consent of both parties, a different date of making the funds from the loan referred to in point 1 available to the Ordering Party is allowed.

d) The Ordering Party reserves the right to make funds from the loan available to the Ordering Party in one or several tranches.

3) The loan will be repaid by 2040 – capital installments will be payable at the end of the month on dates as in the loan repayment schedule, constituting an attachment to the offer form.

4) Interest installments will be calculated on the current debt and will be payable at the end of each month on dates as in the loan repayment schedule, constituting an attachment to the offer form - starting from the month following the month in which the loan was launched (interest will be repaid on the basis of a notification / bank information provided to the Ordering Party at least 7 days before the date of payment of the interest installment).

5) The loan may not be charged with fees other than those listed in the SWZ.

6) The municipality shall not submit a declaration of submission to enforcement pursuant to Civil Procedure Code Art. 777 §1(5).

2. The loan shall be secured by a blank promissory note under the conditions specified in the promissory note declaration.

3. The Ordering Party reserves the right to:

1) early repayment of all or part of the loan without incurring additional commissions and fees without the need to obtain the bank's consent;

2) resign from all or part of the loan granted without incurring additional commissions and fees without the need to obtain the bank's consent,

3) postpone the repayment date of individual loan installments throughout the period covered by the agreement, after notifying the bank of such an intention, without the need to incur additional costs resulting from the change in the loan repayment schedule,

4) extending the loan repayment period after submitting an appropriate application to the bank, provided that it has the ability to repay the loan during the extended loan period.

4. The interest rate on the loan will be variable and its amount will be calculated as the sum of the bank's margin and the WIBOR 1M ratio (if WIBOR 1M is a negative value, the WIBOR 1M indicator equal to 0.00 is used to calculate the interest rate; in the event of liquidation of WIBOR 1M, the successor index applies, reflecting to the highest degree the nature and principles of operation that currently apply to WIBOR 1M). The bank's margin will remain unchanged throughout the entire period of the contract.