The subject of the contract is the granting and servicing of a long-term PLN loan in the amount of PLN 2,670,000.00 (in words: two million six hundred seventy thousand zlotys and 00/100) for financing the planned budget deficit of PLN 2,670,000.00. Loan repayment period: from January 2030 to December 2034. A detailed loan repayment schedule is included in the Specification of The Terms of Contract for the unlimited tender SRF.271.0016.2022.

1.The subject of the contract is the granting and servicing of a long-term PLN loan in the amount of PLN 2,670,000.00 (in words: two million six hundred seventy thousand zlotys and 00/100) for the purpose of financing the planned budget deficit of PLN 2,670,000.00.

2.Loan repayment period: from January 2030 to December 2034.

3.A detailed loan repayment schedule is attached as Annex 1 to the SWZ, which is valid in the unlimited tender SRF.271.0016.2022.

4. The Lender shall place the funds of the loan at the Disposal of the Borrower on the date of signing the contract.

5. The loan will be launched in one tranche by 31 December 2022 – based on the Borrower's written information on the date and amount of the tranche to be launched. The loan will be launched within 1 business day after the Borrower submits written information.

6. Grace period for repayment of capital installments: until 31 January 2030.

7. The borrower reserves the right to use the entire loan without incurring additional costs.

8. The borrower reserves the right to repay the loan early at no additional cost.

9. Variable interest rate on the loan WIBOR 1M + bank margin.

10. Interest to be paid for a given month calculated on the basis of the WIBOR 1M rate from the last day of the previous month.

11. Calculation of the loan costs based on the WIBOR 1M rate of 31 October 2022, assuming the launch of the entire loan in one tranche on 31 December 2022.

12. Cost of credit: interest + commission + other bank costs.

13. For the calculation of interest, the actual number of calendar days in a given year (365 or 366 days) – leap years taken into account – should be used.

14. Interest will be repaid from the month following the month

launching the first tranche of the loan. The Ordering Party does not provide for a grace period in the payment of interest.

15. Interest will be repaid on a monthly basis, on the last working day of each month, taking into account the provisions of paragraph 6(2) and (3) of the model public procurement contract (Annex 2 to the SWZ).

16. In the event that the due date of the loan instalments and interest falls on a Saturday, Sunday or public holiday, the repayment date shall be observed when payment is made on the first business day following those days.

17. The loan will be secured by a blank promissory note together with a promissory note declaration.

18. The Treasurer of the Commune countersigns the loan agreement and the promissory note declaration. The promissory note will not be countersigned by the Treasurer of the Municipality.

19. Activation of the loan: until 31 December 2022.

20. Loan repayment period: until 31 December 2034.