The subject of the contract includes the granting of a long-term loan in the amount of PLN 5,655,000 to cover the budget deficit and repayment of previously drawn loans.

Specification of the subject of the contract and the size or scope of the contract

1. Loan amount PLN 5,655,000.00.

2. The loan period from the day of signing the contract to 31/12/2031.

3. The calculation should be based on taking the loan into operation on 1.7.2020.

The loan will be repaid in Polish zlotys monthly, until the end of each month, with a grace period of January 1, 2222. The first installment will be repaid in January 2022 and the last one in December 2031, with the possibility of early repayment of all or part of the loan without charging for these additional fees charged by the bank.

4. Repayment of installments in individual years:

a) 2022, PLN 18,000.00 - 12 installments of PLN 1,500.00 each;

b) 2023, PLN 18,000.00 - 12 installments of PLN 1,500.00 each;

c) 2024, PLN 360,000.00 - 12 installments of PLN 30,000.00 each;

d) 2025 year PLN 360,000.00 - 12 installments of PLN 30,000.00 each;

e) 2026, PLN 600,000.00 - 12 installments of PLN 50,000.00;

f) 2027 year PLN 640,000.00 - 10 installments of PLN 50,000.00, 2 installments of PLN 70,000.00 each;

g) 2028, PLN 840,000.00 - 12 installments of PLN 70,000.00 each;

h) 2029, PLN 960,000.00 - 12 installments of PLN 80,000.00 each;

i) 2030, PLN 960,000.00 - 12 installments of PLN 80,000.00 each;

j) 2031 year PLN 899,000.00 - 11 installments of PLN 80,000.00 each, 1 installment PLN 19,000.00.

5. The interest will be repaid on a monthly basis, by the end of each month from 31/01/2021.

6. In the event that the loan repayment date falls on a non-working day, the Employer shall pay the required installment on the first business day following the designated repayment.

7. Offer price - which are: costs of interest Ko - calculated on the basis of a fixed interest rate on a PLN loan, equal to WIBOR 1M - 1.63%

(valuation date of 29.1.2020) increased by the margin proposed by the bank, expressed in percentage points, unchanged during the contract period. The awarding entity does not allow the preparatory commission to be used by banks participating in the proceedings. Offers from Contractors who offer a preparation commission will be rejected.

8. The interest rate on the loan during the loan period will be based on the variable WIBOR 1M rate. To prepare the tender, WIBOR 1M should be used in the amount and on the date specified in the Specification of the Essential Terms of the Order.

9. Contractors should take into account the price of granting the loan, the actual number of days in a given occurring in a given year.

10. Volatility of the WIBOR 1M rate, which is to be the basis for interest

The loan in the credited period will be determined for subsequent accounting periods according to the quotations for two calendar days preceding the beginning of a given accounting period. In the event that the rate should be taken from the day on which there are no quotations, the quotations should be taken from the nearest day preceding the day on which the quotations are given.

The actual costs of servicing the loan will be:

a) loan interest: variable, calculated for each period of the monthly interest period based on WIBOR 1M increased by a specific offer margin, expressed in percentage points, unchanged during the contract period.

11. The Purchaser reserves that regardless of the amount of credit utilization in 2020, the bank will not charge commissions or fees for involvement in the event of a lower credit than granted. Offers of Contractors that will provide a commission for the commitment fee will be rejected.

12. The loan will be disbursed in 2020 (until 10.12.2020) on the basis of the Employer's written instruction on the dates and amounts indicated in the instructions.

13. The Purchaser reserves that the interest rate on the loan will be calculated from the amount of the loan actually used.

14. The bank will notify the Ordering Party about the amount of interest due two days before the repayment date of interest for a given period.

15. It is possible to change the loan period by shortening or extending it. The Employer shall inform the Contractor in writing about changes to the purpose of signing the relevant annex without additional charges. The Bank will not charge additional fees for the above operation. Changing the loan period requires the bank's approval.