1. The subject of the contract is: The provision of a long-term loan in the amount of PLN 7 000 000.00, to finance the planned budget deficit of the Municipality of Libiąż and for repayment of previously incurred loans and loans under the terms and conditions laid down in the SWZ and order documents.

1) Credit will be granted and settled in Polish zlotys (PLN).

2) The amount of the loan is PLN 7 000 000.00. The Contracting Authority reserves the option not to use the credit granted in full without incurring additional commissions and fees thereof.

3) Planned Lending Period: Until December 31, 2035

4) The credit shall be placed at the disposal of the Contracting Authority at the time limits and tranches specified by the Contracting Authority.

c.d. description in section 2.4)

c.d. description

5) The commissioning and payment of the tranches of the credit shall take place, on the basis of the written disposition of the Contracting Authority within 5 working days from the date of their transfer to the Contractor in electronic form, to the e-mail address indicated by the Contractor in the contract, to the number of the bank account indicated by the Contractor in the contract by the Contracting Authority in the proposed provisions of the contract — Annex No 7 to the SWZ.

6) For the calculation of the gross offer price, it must be assumed that the credit will be triggered in two tranches: the 1st tranche on 30 June 2022 of PLN 3,500 000,00, the 2nd tranche on 31 October 2022 in the amount of PLN 3,500 000,00. The indicated timelines for the commissioning of credit tranches and tranches are not binding and subject to change. The time limits and height of the tranches given above are used only to calculate the gross offer price.

7) Repayment of loan (capital) as of 2024. Capital reimbursement between 2024 and 2035, quarterly, on dates up to March 31, through June 30, through September 30 and through December 31 each year.

The instalments in the years 2024 - 2027 of PLN 18,750.00, in 2028 amounting to PLN 68 750.00, in 2029 at PLN 125,000.00, in 2030 at PLN 150 000.00, in 2031 at PLN 200 000.00, between 2032 and 2033 at PLN 250 000.00, in 2034 PLN 300 000.00, in the year 2035 in the amount of PLN 331,250.00.

8) The amount of quarterly principal repayments may change depending on the actual use of the loan. In the event of non-use of the credit granted in full, the reduction of instalments will occur in proportion to the amount of the credit, while taking into account the roundings of new instalments up to a thousand zlotys.

9) The Contracting Authority reserves the possibility, during the course of the contract, to make changes in terms of the extension of the loan repayment period. All changes will be made upon prior agreement of a new loan repayment schedule between the parties to the agreement. The condition for rescheduling the loan repayment shall be the conditions arising from the obligation to retain by the contracting authority the requirements of Article 243 of the Act of 27 August 2009 on public finances (i.e. Journal of Laws of 2021, item 305 as amended) or other legal circumstances, economic or technical, resulting in the impossibility of execution or proper performance of a contract in accordance with the SWZ, resulting in a change in the relevant provisions of the contract.

10) Interest will be charged based on the actual debt balance. When accruing interest, it is assumed that the month has the actual number of days, and the year is 365 days.

11) Interest on the loan used will be accrued quarterly on the amount of current debt and will be repayable on the basis of a notice issued by the Contractor at the earliest on the last day of the quarter for which interest will be charged, sent to the Ordering Party without accruing additional fees. Interest repayment will be within 7 days of receipt of the notice in the following month after the expiry of the quarter for which they are charged. Recent interest will be payable by 31.12.2035.

12) Interest may not be subject to capitalization.

13) The interest rate on the actual debt will be variable, depending on the three-month WIBOR rate calculated as the arithmetic average of the quotes between the first and last day of the quarter preceding the quarter for which interest is charged, adjusted for fixed over the entire period credit the Contractor's margin specified in the offer form.

14) Where the base rate of the three-month WIBOR is negative, the base rate of zero shall be taken to calculate the interest.

15. For the calculation of the gross offer price, the WIBOR 3M rate of 10.02.2022, i.e. 3,28%, should be adopted.

16) The cost of the loan is the interest on the credit granted. The Contracting Party will not bear any other costs and charges related to the preparation of the grant, insurance and handling of the credit than those indicated in the offer form.

C.D. DESCRIPTION IN SECTION: III.1.2)