The subject of the contract is the service of taking out a long-term loan to finance the planned deficit in the amount of PLN 3,000,000.00

1. The subject of the contract shall be the taking out of a long-term loan to finance the planned deficit.

2. Detailed description of the item of the order:

1) The subject of the contract is the service of taking out a long-term loan in accordance with applicable law (Act of 29 August 1997 Banking Law

2) Loan amount: PLN 3,000,000.00.

3) Loan period: 2022 – 2034.

4) For the purpose of preparing the offer, WIBOR 1M – 6.5% is assumed. and the estimated amounts and dates of mobilisation of the individual tranches of the loan should be assumed:

— I tranche of PLN 1,000,000.00 – until 20.10.2022.

— II tranche PLN 1,000,000.00 – until 30.11.2022.

— III tranche PLN 1,000,000.00 – until 28.12.2022

The loan will be collected in tranches from the date of signing the contract until 30 December 2022.

5) The amount of the loan tranches and the date of placing the funds at the disposal of the Ordering Party will be determined by submitting a demand for funds by the Ordering Party.

6) The Ordering Party reserves at its request the possibility of postponing the deadlines for placing funds at the disposal of funds without incurring additional costs by the Ordering Party, whereby the order will be completed by 30 December 2022 at the latest. In the event of postponing the deadlines for placing funds at the Disposal of the Ordering Party, interest will be calculated from the date of actual launch of the loan or its individual tranches.

7) Repayment of capital installments of the loan will be made in monthly installments on the last business day of a given month on the dates and amounts specified in the chapter. IV point 2 point 10 of the SWZ, including 2023 - 40,000, 2024 - 40,000, 2025 - 40,000, 2026 - 120,000, 2027 - 120,000, 2028 - 120,000, 2029 - 120,000, 2030 - 120,000, 2031 - 320,000, 2032 - 420,000, 2033 - 800,000, 2034 - 740,000.

(8) The amount of credit used bears interest on an annual basis at a variable interest rate. The interest rate is equal to the reference rate, increased by the bank's margin.

9) The reference rate is the WIBOR 1M rate denoting the interest rate for interbank deposits of 1 months, calculated as an average from the last month preceding the month for which the interest rate is calculated.

10) The bank's margin is fixed during the contractual loan period.

11) The Ordering Party does not provide for a commission on the loan granted.

12) The Bank will not charge the Borrower any fees and commissions related to servicing the loan.

13) The repayment of the loan granted together with interest will be secured by a blank promissory note together with a promissory note declaration signed by the Ordering Party at the countersignature of the Treasurer of the Commune and the City of Bisztynek. The Bank will issue a certificate confirming receipt of the bill of exchange to the Ordering Party.

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

The subject of the contract is described in detail in Chapter IV of the SWZ