Long-term loan in the amount of PLN 8,800,000.00, intended to finance the deficit and repayment of previously drawn loans and advances.

Payment of loan in tranches at the request of the Employer from the day of signing the contract until December 31, 2018.

The loan is planned to be repaid in quarterly installments (January 15, April 15, July 15, October 15) in 2019, two installments of PLN 50,000, in 2020 four installments of PLN 175,000.00, in 2021-2022 8 installments PLN 300,000 each, in 2023 four installments PLN 400,000 and in 2024-2025 8 installments of PLN 500,000.00. The planned date of completing the loan repayment is 15.10.2025.

At least two persons performing credit servicing activities employed under an employment contract.

Long-term loan in the amount of PLN 8,800,000.00, intended to finance the deficit and repayment of previously drawn loans and advances. Payment of loan in tranches at the request of the Employer from the day of signing the contract until December 31, 2018. The loan is planned to be repaid in quarterly installments (January 15, April 15, July 15, October 15) in 2019, 2 installments of PLN 50,000 each, in 2020 4 installments of PLN 175,000.00 each, in 2021-2022 eight installments of PLN 300,000, in 2023 four installments of PLN 400,000 and in 2024-2025 8 installments of PLN 500,000.00. Planned date for completing the loan repayment: 15.10.2025. At least two people performing loan servicing activities employed under an employment contract.

1. How to start a loan:

The loan is activated once or in tranches at the request of the Employer from the date of signing the contract until December 31, 2018.

2. Terms of the contract:

2.1. The Purchaser reserves the right not to use the loan in full.

2.2. The loan interest rate is determined on the basis of the WIBOR base rate for 1 M deposits recorded two business days before the beginning of the interest period, increased by the Bank's fixed margin.

2.3. Interest paid quarterly, except for the first and second interest periods. Detailed rules for calculating interest are set out in the contract template constituting Annex 5 to the ToR.

2.4. Interest will be calculated on the basis of the actual debt balance according to the formula: interest = loan balance x total interest rate x actual number of days in the accounting period / 365.

2.5. The Purchaser reserves the right to repay the loan early without additional fees and charges.

2.6. The contracting authority provides for a loan repayment security in the form of a blank promissory note.

2.7. The Bank's only remuneration for granting the loan is interest. The Contractor is not entitled to collect or charge the Employer with any other commissions or fees.

3. On the website www.gminasiedlce.pl are available:

a) Resolutions of the Siedlce Commune Council on adopting the budget of the Siedlce Commune for 2016 and 2017,

b) RIO opinions on draft budget resolutions for 2016 and 2017,

c) Report on the implementation of the budget for 2016 and 2017,

d) Opio RIO on the report on the implementation of the budget for 2016 and 2017,

e) Budget resolution for 2018 with attachments and all changes,

f) Resolution on the Multi-Annual Financial Forecast for 2018-2025 and all changes,

g) RIO opinion on the draft resolution on the Long-term Financial Forecast of the Siedlce Commune for the years 2018-2025,

h) RIO opinion on the draft budget resolution of the Siedlce Commune for 2018 and the possibility of financing the budget deficit of the Siedlce Commune proposed for 2018,

i) RIO opinion on the possibilities of financing the planned budget deficit of the Siedlce Commune, as defined in the budget resolution for 2018,

j) Opinion of the RIO on the correctness of the planned amount of debt of the Siedlce Municipality, presented in the Multiannual Financial Forecast for 2018-2025,

k) Financial statement on surplus / deficit (Rb-NDS) for 2016, 2017 and the second quarter of 2018,

l) Financial statements on liabilities (Rb-Z) for 2016, 2017 and the second quarter of 2018,

m) Financial statement on income (Rb-27S) for 2015, 2016 and Q2 2017,

n) Financial statements on expenditure (Rb-28S) for 2015, 2016 and the second quarter of 2017,

o) Financial statements on receivables (Rb-N) for 2015, 2016 and Q2 2017,

p) Information on shares held, shares in other entities,

r) List of operating financial transactions,

s) Resolution of the Siedlce Commune Council regarding taking a long-term loan to finance the planned deficit and for repayment of previously drawn credits and loans

t) RIO opinion on the possibility of repaying a long-term loan.