1. The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 7,000,000.00 to repay previously incurred liabilities and cover the planned budget deficit of the Municipality.

2. A detailed description of the subject of the contract is included in Annex 9 to swz – Detailed description of the subject of the contract.

1. The subject of the contract is the granting and servicing of a long-term bank loan in the amount of PLN 7,000,000.00 to repay previously incurred liabilities and cover the planned budget deficit of the Municipality.

2. Detailed arrangements concerning the subject of the contract:

• The Contractor shall grant the Ordering Party a loan in Polish currency in the amount of PLN 7,000,000.00 (in words: seven million zlotys 00/100) on the terms set out in the SWZ.

• To calculate the price of the offer, the loan should be launched on October 14, 2022.

• The amount of the loan used will bear interest on an annual basis, at a variable interest rate, equal to the base rate increased by the Contractor's fixed margin, determined on the basis of the submitted offer.

• Interest will be calculated on the basis of 365/366 days in a year, with the number of calendar days falling in a given quarter being taken into account in a quarter and each day for 1/365 (1/366 in a leap year) part of the year.

• Interest on the credit used will be calculated in quarterly accounting periods, according to the actual number of days of the calendar quarter and payable no later than the last working day of the month ending the quarter for which it was accrued, whereby:

(a) the first accounting period shall be calculated from the date of payment of the first tranche of the loan and shall end on the last day of the calendar quarter,

(b) the last accounting period ends on the date of full repayment of the credit.

• In each accounting period included in the contractual period

The interest rate on the loan will be fixed.

• The Ordering Party has the right to early repayment of all or part of it

credit or change the loan repayment schedule without incurring any additional fees.

• Repayment dates and amounts are specified in the calculation of the total cost of the loan – Annex 3 to swz,

• If the repayment date of the loan or interest falls on a public holiday, repayment takes place on the preceding business day before the date specified in the loan agreement.

• Repayment of the loan will be secured as follows:

a) blank promissory note from the Ordering Party's issue together with the declaration

bill of exchange

• Transfer of funds to the indicated bank account according to the demand:

• Repayment of the loan in the years 2023-2040,

• The borrower will not incur any commissions and fees related to the non-use of the loan as well as for early repayment of the loan. The Ordering Party reserves the right to change the loan repayment schedule in the event of failure to start the loan in full.

• The bank's margin will be fixed throughout the term of the contract.

• The loan will bear interest at a variable interest rate depending on the WIBOR 3M rate, using any discount granted in the offer or increased by the Bank's fixed margin offered in the tender.

• The loan will be repaid in 72 installments, with the first installment being repaid on March 31, 2023, and the last on December 31, 2040.

• In the case of repayment of the loan / loan installments at an earlier date, interest will be calculated until the date of repayment of the loan / loan installments, and not to the end of the contract (reservation of the possibility of early repayment of the loan without incurring costs).

• The Lender undertakes that in the event of taking out a loan in the amount of less than the planned amount, the above circumstance will not result in the termination of the loan agreement and will not cause any other claims against the Borrower, and interest will be calculated on the amount actually used.

• The loan may not be charged with other fees than those listed in swz.

• The borrower will not incur any commissions and fees related to the non-use of the loan as well as for early repayment of the loan.

• The Ordering Party shall secure the repayment of the loan in the form of a blank promissory note together with a promissory note declaration bearing the countersignature of the Gm Treasurer