Granting and servicing a long-term loan to cover the planned budget deficit of the Hrubieszów County and to repay previously incurred liabilities due to loans and credits. Loan amount - PLN 17,000,000.00 (in words: seventeen million 00/100). Grace period for repayment of capital until 26.03.2023 Repayment of capital – in 52 installments from 27.03.2023 to 27.12.2035. Interest repayment: monthly interest on the loan taken out will be repaid on the last day of the month to which it relates. Interest will be charged for the actual number of days of using the loan, assuming that the year is 365/366 days, from the date of indebtedness under the loan granted to the day preceding its repayment. The Ordering Party does not provide for the payment of a one-off preparatory commission. The contracting party reserves the right to early repayment of all or part of the loan without incurring additional costs in this respect.

1. The subject of the contract is the granting and servicing of a long-term loan to cover the planned budget deficit of the Hrubieszów District and to repay previously incurred liabilities due to loans and credits.

2. loan amount - PLN 17,000,000.00 (in words: seventeen million 00/100);

3. The Contractor shall leave the credit funds at the disposal of the Ordering Party: in full in the period: from the date of conclusion of the contract to 31.12.2022, or in tranches, depending on the needs of the Ordering Party on the basis of written demands for the next tranche submitted by the Ordering Party, within 2 working days before launch, without submitting separate loan applications. Working days should be understood as days from Monday to Friday, excluding public holidays.

4. Grace period for repayment of capital until 26.03.2023,

5. Repayment of capital – in 52 installments from 27.03.2023 to 27.12.2035, on the following dates and amounts, with the proviso that if the repayment date of the loan installment falls on a non-working day, repayment will be made on the first business day:

6. Interest payment:

a) monthly interest on the loan taken out will be repaid on the last day of each month to which it relates, with interest for the month of December 2035 together with the repayment of the capital installment,

b) The Contractor shall charge interest on the amount of credit actually used. Interest will be calculated for the actual number of days of using the loan, assuming that the year is 365/366 days, from the date of indebtedness under the loan granted to the day preceding its repayment, including

(c) the first repayment of the interest instalment shall take place on the last day of the month in which the first tranche is mobilised;

8) Interest rate on the loan:

a) it will be based on a variable interest rate, i.e. based on the WIBOR 1M rate as the base rate plus the bank's offered margin;

b) method of determining the base interest rate: the rate set for a period of 1 month in the amount of WIBOR 1M from the last working day of the month and applicable from the 1st calendar day of the following month,

c) if the WIBOR 1M base interest rate set for a given period reaches a negative value, then for the purposes of calculating the interest rate, it will be assumed that in a given settlement period the base rate is 0.00%, therefore the interest rate on the loan in this period will be equal to the bank's margin,

7. For the calculation of the offer price, the WIBOR 1M rate as at 23.09.2022 at the rate of 7.05% and the loan starting date of 16.11.2022 should be taken.

8. The Contractor's margin is fixed during the term of the contract;

9. The Ordering Party does not provide for the payment of a one-off preparatory commission on the granted loan;

10. The Contracting Party reserves the right to early repayment of all or part of the loan without incurring additional costs in this respect, after prior notification to the bank of the intention to repay such repayment on the day before its implementation and the possibility of changing the amount of repayment of the loan capital installments within the agreed years of lending – without the Contractor charging a compensatory commission in this respect. Interest will be calculated only on the amount of current outstanding debt;

11. The Ordering Party shall not incur any additional costs, including fees and commissions related to the launch and servicing of the loan throughout the loan period beyond interest;

12. The loan repayment will be secured by a blank promissory note together with a promissory note declaration. The Ordering Party agrees to countersign the District Treasurer on the bill of exchange and the bill of exchange declaration;

13. The Ordering Party does not allow the possibility of providing security in the form of a statement of submission to enforcement pursuant to Civil Procedure Code Art. 777;

14. The Ordering Party reserves the right to use the credit in part without incurring additional fees in this respect, subject to the reservation specified in point 17;

15. The Ordering Party will use at least 30% of the loan amount.