The subject of the contract is the award of a long-term zloty loan up to PLN 8 000 000 (eight million zlotys), intended for financing and refinancing of in-vestiction tasks carried out by the Zakład Disposal of Municipal Waste RUDNO Sp. z o. o. are set out in Annex 7 to the SWZ

The subject of the contract is the award of a long-term PLN loan up to PLN 8 000 000 (eight million zlotys), intended for financing and refinancing of investment tasks carried out by the Zakład Disponibiania Municipal Waste RuDNO Sp. z o. o.

1) maximum amount of credit 8 000 000 PLN (in words: eight million zlotys),

2) repayment of the loan between 2023 and 2034 (payment of capital instalments),

3) grace in the repayment of capital instalments until 31.12.2022r. ,

4) the credit shall be activated, i.e. placed at the disposal of the Contracting Authority in tranches, within a maximum of 5 working days from the date of submission of the request by the Contracting Authority;

5) The Ordering Party reserves the right to take out a loan in less than the agreed amount (PLN 8 000 000.00) without additional fees and commissions,

6) credit settlement between the Contracting Authority and the Contractor will be made in Polish zloty (PLN),

7) type of interest rate: the interest rate on the loan during the repayment period will be based on WIBOR 3M variable rate, plus the fixed margin proposed by the Bank (fixed margin over the loan repayment period),

8) payment of the loan installments (principal) will take place after the expiry of the grace period in 47 quarterly instalments and one (last) leveling installment,

9) accrual of interest — only on the credit actually used. The volatility of WIBOR 3M, which is to form the basis of the loan rate during the loan period, will be determined for subsequent accounting periods according to quotations for the two calendar days preceding the start of the accounting period concerned,

10) payment of the obligations of the Ordering Party for loan repayment and loan servicing will be regulated quarterly on the last business day of the month ending the quarter, at the variable interest rate WIBOR 3M, plus the Contractor's margin. Interest will be charged on the amount of the loan triggered,

11) interest on the loan outstanding at the time of the loan installment will be calculated on the basis of the amount of statutory interest applicable during the period concerned,

12) interest on the borrowed loan shall not be capitalized,

13) when accruing interest, the month is assumed to have the actual number of calendar days, while the year is 365 days,

14) securing the repayment of the loan and interest will be a blank promissory note together with a promissory note declaration.

15) in the field of fees and commissions, the Contracting Authority shall only allow a commission payment on the activated tranche of credit payable on the date of the tranche which shall not be more than 0,1% of the amount of the tranche triggered,

16) The Ordering Party reserves the right, without incurring additional costs, to extend the repayment of the loan when the legal or financial conditions of the Ordering Party affecting the repayment change. Extending the term of repayment of the loan requires consistent declarations of will of the Contracting Authority and the Contractor. The declaration, for its validity, requires a written form in the form of an annex to the contract.

Term of completion of the order (loan repayment) until 01.07.2034r. Making the credit available in 2019 — in tranches, the number and amount of tranches depends on the needs of the Ordering Party. The first tranche will be launched in the second quarter of 2020.

Loan Type: Investment Loan

Bank margin: not higher than 1.5%.

Commission for processing the application: 0 zł

Preparatory commission: 0

Commission on unused funds: 0

Early repayment: 0

Credit insurance: no (assignment)

Loan collateral: yes

Credit available in currency: PLN

Detailed schedule of repayment of the loan (capital) will be made to the bank account -Appendix No. 7 to the SWZ