3. The subject of the contract includes the granting of a long-term loan in the amount of PLN 2,250,000.00 to finance the planned budget deficit.

4. The long-term loan will be granted on the following terms: 1) the loan will be taken out in the period until 30 November 2022, 2) the loan will be launched in two tranches: • the first tranche by 15 December 2022, • the second tranche during the term of the contract on the date indicated by the ordering party, 3) the repayment date - 30.06.2035, 4) the loan will be repaid in 2023-2035 in installments. Repayment dates and the amount of installments are specified in Annex 2 to the specification, 5) if the repayment date falls on a public holiday, then it is assumed that the repayment date is the day following the non-working day, 6) it is assumed that Saturday is not a working day, 7) interest on the loan taken out will not be capitalized, 8) the form of securing the repayment of the loan will be a blank promissory note, the treasurer's countersignature will be on the bill of exchange declaration and the contract, 9) interest on the loan used will be calculated by the contractor on the basis of the actual number of days in the year, i.e. 365 or 366 in the leap year, in quarterly periods counting from the quarter in which the first start of the loan will take place. Interest repayment dates are set on the repayment dates of individual loan installments, 10) the interest rate on the loan will be variable, calculated as the sum of the margin proposed by the contractor in the offer and the WIBOR 3M rate, rounded to the second decimal place. The amount of the margin will be fixed throughout the loan period (validity of the contract). The WIBOR 3M rate changes in a quarterly calendar cycle and will apply from the first day of the beginning of the calendar quarter to the last day ending the calendar quarter. The WIBOR 3M rate in force in the calendar quarter, published on the website Bankier.pl takes the value from the last working day of the month preceding the next period, 11) in the event of liquidation of the WIBOR 3M rate, it will be changed by agreement of the parties to a rate that will replace the WIBOR 3M rate or to the rate closest in size and nature to the WIBOR 3M rate, without costs charged to the ordering party, 12) on the day of signing the contract, the amount of the WIBOR 3M rate is assumed from 2 working days before the date of signing the contract, 13) the contractor will release the loan funds in the amount and date indicated by the contracting authority in the instruction submitted to the contractor at the latest 3 working days before the planned launch of the loan, the loan will be launched in Polish zlotys, in a non-cash form, in the account, referred to in point 14, without charging a commission on the unused part of the loan, 14) the loan will be activated in the form of a transfer from the credit account to the basic account of the municipal budget No. 60 9542 0008 2007 0009 9251 0001 opened at the Bobrowniki Commune in the Cooperative Bank in Lipno, 15) the ordering party reserves the right to cancel the submitted instruction to launch the loan tranche at the latest one working day before the date of launching the tranche indicated in the instruction, 16) the deadline for the use of the credit expires on 31.12.2022, failure to use the loan in whole or in part within this period will mean the ordering party's resignation from further use of the loan or part of it, the ordering party shall in this case submit a written statement of resignation from further use of the loan, 17) the ordering party has the right to early repayment of all or part of the loan within the period indicated by him, subject to prior notification the contractor of this fact in writing, by fax or electronically, at the latest 7 working days before the date of early repayment of all or part of the loan, without incurring additional fees and commissions in this respect. Interest on the actual debt will be calculated by the Bank and payable quarterly. 18) the contractor's margin is fixed throughout the loan period, 19) the loan repayment schedule will be attached to the contract.