The subject of the contract includes granting a long-term bank loan to the Lubomia Municipality in the amount of: PLN 4,000,000.00 to finance the planned budget deficit: Loan period: 2023 – 2033. Repayment period 9 years, from 2025 to 2033. A detailed description of the subject matter of the contract can be found in Chapter 4 of the Terms of Use and in the draft provisions of the agreement (Chapter 21 of the Terms of Reference)

1 The scope of the contract includes granting a long-term bank loan to the Municipality of Lubomia in the amount of: PLN 4,000,000.00 to finance the planned budget deficit:

1) loan period: 2023 – 2033;

2) repayment period of 9 years, from 2025 to 2033.

3) the loan should be made available to the Ordering Party on the day of signing the contract, in a non-cash form by transfer to the account of the Ordering Party at Bank Spółdzielczy in Gorzyce No. 26 8469 0009 0010 3408 2000 0001, based on the instruction issued by the Ordering Party;

4) the credit transfer order should be executed within 2 business days (the date of crediting the Employer's bank account is decisive);

5) the credit may be transferred to the Principal's account in tranches from the date of signing the contract until 31 December 2023;

6) the loan will be repaid in 108 monthly instalments, on the last business day of the month, and if it is a public holiday, on the next business day;

7) The Ordering Party reserves the right not to use the loan in full and will not incur any costs in this respect;

8) The Ordering Party has the right to early repayment of all or part of the loan on the date indicated by it, provided that prior written notification to the Contractor, delivered in person, via e-mail or fax, no later than 3 days before the date of early repayment of all or part of the loan;

9) in the event of early repayment of the loan or part thereof, the Contractor shall recalculate the interest due and within 7 business days shall inform the Contracting Authority in writing about the amount of interest for the current accounting period;

10) in the event of early repayment of the loan, interest will be accrued only until the date of payment of the last installment of the loan and no additional commissions will be charged in this respect;

11) interest on the overdraft facility will be calculated on a monthly basis for a given month, starting from the month in which the credit facility was disbursed;

12) interest will be paid on the last day of the month, and if the last day of the month is a public holiday, the interest will be paid on the first business day of the following month;

13) payment of due interest and instalments will be made to the account maintained with the Contractor, for which the Contracting Authority will not incur costs;

14) Excl. will be based on a variable annual interest rate consisting of the sum of:

— a fixed margin of the bank during the loan period,

— variable WIBOR rate 1M from the last day of the month;

To determine the amount of. during the term of the agreement, the WIBOR 1M rate from the last day of trading of the month preceding the month in which the interest rate will be applicable will be adopted each time;

15) Exc. The amount of credit actually used, based on the actual number of days per month and 365 days per year. The change resulting from the variable WIBOR 1M rate does not constitute an amendment to the terms of the agreement and does not require its termination;

16) Security. The loan will be a blank promissory note issued by the Contracting Authority together with a promissory note declaration, which will contain the countersignature of the Municipal Treasurer. Costs related to the establishment of legal insurance the loan is borne by the Contracting Authority;

(17) with a percentage of in a given month and the amount of interest on the amount of the disbursed outstanding loan, the Contractor shall notify the Contracting Authority in writing by the 15th of each month, starting from the month following the disbursement of the loan. The letter can be sent by e-mail to the following address: lubomia@lubomia.pl;

18) in the event that the WIBOR 1M reference rate in question is 0.00% or negative, the Contractor will use the reference rate of 0.00% to calculate the interest rate on the loan, then the total interest rate on the loan will be equal to the fixed margin offered;

PARAGRAPHS 19 and 20 (due to character limitations can be found) in the Terms of Reference.

2. A detailed description of the subject of the contract shall be contained in the SWZ.