The subject of the contract is to take out a long-term loan up to the amount of PLN 2,300,000.00 to finance the planned budget deficit and to repay previously taken loans pursuant to Resolution No. LXXVII/656/2023 of the Kazimierz Biskupi Commune Council of July 4, 2023.

3.1. Loan amount PLN 2,300,000.00. (in words: two million three hundred thousand zlotys 00/100).

3.2. The loan will be activated after signing the contract. The Ordering Party determines that the loan will be paid out in tranches until 30.12.2023, at the request of the Ordering Party. It is possible to send an instruction to activate a loan signed by persons authorized to represent – electronically.

3.3. The loan will be repaid after the grace period until 30/09/2025 in the years 2025-2032 as follows:

- in 2025, one installment in the amount of PLN 25,000.00.

- in the years 2026-2032 in 28 equal installments of PLN 81,250.00.

3.4. The loan and interest shall be repaid quarterly, subject to the following conditions:

a) grace period for interest payment until 29.12.2023 (the first payment of interest will take place on 30.12.2023)

b) grace period for repayment of capital until 30.09.2025. Loan installments will be payable quarterly by the last day of a given month (calendar), starting from 2025 from the following quarterly date:

- until 31.12.2025

3.5. Loan and interest installments will be payable quarterly, by the last day of each month ending the quarter. If the last day of the month falls on a Saturday, Sunday, public holiday or other public holiday, the deadline shall be deemed to have been met if the payment is made on the first working day thereafter. Interest should be calculated for a full calendar quarter.

3.6. The interest rate on the loan is determined on the basis of the variable WIBOR 1M rate

and increased throughout the term of the agreement by the Bank's fixed margins.

3.7. To calculate the interest rate on the loan in the offer, the WIBOR rate of 1 M should be used

of 31.08.2023 and the Bank's margin and the starting date of the loan. The starting date of the loan is 25.09.2023, which is only an indicative date, given for the purposes of this contract for the purpose of uniform price calculation for all Contractors.

3.8. If the WIBOR 1M rate reaches a level below zero, the WIBOR 1 M rate equal to 0 will be used to calculate the interest rate.