The subject of the contract is: Granting a long-term loan in the amount of PLN 12,885,000.00. (in words: twelve million eight hundred and eighty-five thousand zlotys), intended to cover the planned deficit of the Łańcut Commune.

1. The subject of the contract is: Granting a long-term loan in the amount of PLN 12,885,000.00. (in words: twelve million eight hundred and eighty-five thousand zlotys), intended to cover the planned deficit of the Łańcut Commune.

2. The loan should be available to the Ordering Party within 5 business days from the date of submission of the instruction by the Ordering Party by December 28, 2023 at the latest in the amount of PLN 12,885,000.00.

3. The loan will be repaid according to the following schedule:

Lp. Installments Term Amount

1. I installment 30.06.2024 r. PLN 300,000.00.

2. II installment 30.06.2025 r. PLN 300,000.00.

3. III installment 30.00.2026 PLN 300,000.00

4. IV installment 30.06.2027 r. PLN 1,000,000.00.

5. V installment 30.06.2028 PLN 1,200,000.00

6. VI installment 30.06.2029 PLN 1,200,000.00

7. VII installment 30.06.2030 PLN 1,200,000.00

8. VIII installment 30.06.2031 r. PLN 1,200,000.00.

9. IX installment 30.06.2032 PLN 1,200,000.00

10. X installment 30.06.2033 r. 1 200 000,00 zł.

11. XI installment 30.06.2034 r. 1 200 000,00 zł.

12. XII installment 30.06.2035 r. 1 200 000,00 zł.

13. XIII installment 30.06.2036 PLN 1,385,000.00

4. If the repayment of loan installments falls on a public holiday, it should be assumed that this deadline has been observed if the repayment takes place on the first business day after the prescribed repayment date.

5. Interest on the loan will be repaid in monthly installments, I installment in the month following the month in which the loan will be launched. Interest installments are to be calculated for the period of calendar months.

Interest installments are payable by the 20th day of the following month for a given interest period (calendar month) on the basis of a written notification from the bank about the amount of interest delivered to the Ordering Party no later than 5 days before the date of payment of interest (by electronic means to the address of a.bozek@gminalancut.pl).

Interest on the loan amount will be charged for each day of using the loan on a monthly basis – the number of days in individual months corresponds to the actual number of calendar days. For calculations, it should be assumed that the calendar year in all loan repayment years has 365 days (e.g. in leap years in February, the number of days should be counted in the numerator 29 and divided by 365). For the calculation of interest, it should be assumed that the loan will initially be activated in full on 30 November 2023.

The calculation of interest will be based on the variable WIBOR 1M rate specified as the rate from the last working day of the previous month, which will apply from the first day starting the next interest period, i.e. the Contractor shall use the WIBOR 1M rate from the last business day of the month preceding the financial month increased by the bank's margin when calculating interest for each subsequent interest period.

6. The loan will be secured by a blank promissory note together with a promissory note declaration. The above-mentioned security will be countersigned by the Treasurer of the Municipality.

7. The Ordering Party reserves the right to early repayment of part or all of the loan as well as to activate the incomplete amount of the loan, and the Contractor will not charge additional fees or commissions in this respect.

8. All costs related to granting the loan and its servicing, including fees and commissions, will be included in the bank's margin.

9. The Ordering Party informs that due to the specificity of the subject of the contract, services related to the granting and servicing of the loan cannot be entrusted to subcontractors