The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 2,700,000.00. A detailed description of the subject of the contract is specified in the Specification of the Terms of The Contract.

1. The subject of the contract is the granting of a long-term bank loan for servicing in the amount of PLN 2,700,000.00 for the purpose of:

-PLN 1,820,000.00 - to finance property expenses planned in the budget of the Łużna Commune for 2022.

-PLN 880,000.00 - to repay previously incurred liabilities under loans and advances.

2 The loan will be launched in the form of tranches to the basic account of the budget of the Commune of Łużna, of which the probable dates of payment of tranches are:

30.11.2022 - PLN 2,000,000.00;

31.12.2022 - 700 000,00 PLN

3 The Ordering Party reserves the right not to charge the full amount of the loan.

In this case, the Contractor shall not charge the Ordering Party with the costs of not collecting the loan amount.

4 A grace period shall be fixed for the payment of the principal until 30.11.2023.

5 No grace period for interest payment.

6 Repayment of the loan and interest in monthly installments - by each last day of the month.

7 Repayment of loan installments in individual years will not exceed the following amounts:

a) in 2023 - PLN 10,000.00;

b) in 2024 - PLN 10,000.00;

c) in 2025 - PLN 10,000.00;

d) in 2026 - PLN 10,000.00;

e) in 2027 - PLN 200,000.00;

f) in 2028 - PLN 50,000.00;

g) in 2029 - PLN 340,000.00;

h) in 2030 - PLN 400,000.00;

i) in 2031 - PLN 400,000.00;

j) in 2032 - PLN 300,000.00;

k) in 2033, - PLN 300,000.00;

l) in 2034 - PLN 450,000.00;

m) in 2035 - PLN 220,000.00;

8 A detailed schedule for repayment of loan installments specified in SWZ Chapter is established. 14 How the price is calculated.

9 Repayments of capital and interest installments are included in the Main Table of the Multiannual Financial Forecast for the years 2022 - 2036, constituting Appendix No. 1 to Resolution No. XLVIII/373/21 of the Łużna Commune Council of December 20, 2021 on the Multiannual Financial Forecast of the Municipality of Łużna for the years 2022-2036.

10 In order to submit an offer, the Contractor is obliged to calculate the interest rate on the loan as the sum of the WIBOR 3M rate of 6.85% of 01.07.2022 and the bank's fixed margin. The calculated interest rate should be taken as fixed throughout the loan period. The adoption of the WIBOR 3M rate of 01.07.2022 is aimed only at selecting the most advantageous offer.

11All reports, opinions, resolutions necessary to examine the creditworthiness of the Ordering Party and to develop its own financial analyses are available on the Ordering Party's BIP website in the Budget and Assets tab.

12 It is possible to change the credit and change the grace period by reducing or increasing it, depending on the calculated individual debt repayment ratio, in accordance with Article 243 of the Law of 27 August 2009 on public finances. (i.e. Journal of Laws of 2021, item 305). The Ordering Party shall inform the Contractor in writing about the changes in order to sign the relevant annex without incurring additional fees.

13 The possibility of not using all the funds from the loan in a situation where the property expenses are lower than shown in the calculation of the amount of the loan or in the event that the property expenses are not incurred.

14 The funds from the loan will be used only to finance in 2022 property expenses incurred earlier (in the form of refunds) or intended to be incurred no later than 31 December 2022.

15 The cost of credit is only a variable interest rate on the loan. No other loan costs are allowed. The interest rate is calculated on the basis of a variable rate for each interest period, the WIBOR 3M rate increased by a fixed bank margin throughout the loan period, which will apply throughout the loan period. Changing the interest rate on the loan does not require changing the terms of the contract in the form of a written annex.

16 The Contracting Authority shall have the right to make an earlier (before the agreed date) repayment of the loan or its part without incurring any charges in this respect and without the need to inform the Contractor about this fact.

Other information due to the limited number of characters is included in the content of the SWZ.