1. Granting and servicing a long-term PLN loan for the Municipality of Starogard Gdański in the amount of PLN 14,000,000.00. (fourteen million zlotys) for:

1) financing the planned budget deficit of the Municipality of Starogard Gdański in the amount of PLN 7,630,000 (seven million six hundred and thirty thousand zlotys),

2) repayment of installments on previously taken loans of the Municipality of Starogard Gdański in the amount of PLN 6,370,000 (six million three hundred and seventy thousand zlotys).

1. Granting and servicing a long-term PLN loan for the Municipality of Starogard Gdański in the amount of PLN 14,000,000.00. (fourteen million zlotys) for:

1) financing the planned budget deficit of the Municipality of Starogard Gdański in the amount of PLN 7,630,000 (seven million six hundred and thirty thousand zlotys),

2) repayment of installments on previously taken loans of the Municipality of Starogard Gdański in the amount of PLN 6,370,000 (six million three hundred and seventy thousand zlotys).

2. Expected repayment period of interest installments: from 01.08.2023 to 31.12.2036

3. Capital installments payable quarterly: 31 March, 30 June, 30 September, 31 December from 31.03.2027 to 31.12.2036

4. Interest rate on the loan determined on an annual basis, according to a variable interest rate calculated at the variable WIBOR 3M rate and a fixed bank's margin, rounded to two decimal places. A change in the 3M WIBOR rate results in a change in the interest rate by the same number of percentage points. The interest rate changes take place on the first day of each calendar quarter. The 3M WIBOR rate is determined from the last business day of the quarter using from the 1st day of the next quarter or from the 1st business day of the quarter using the interest rate starting from the 1st day of this calendar quarter.

5. Interest payable in quarterly periods (March 31; June 30; September 30; December 31).

6. The loan is expected to be disbursed on: 08.07.2023.

7. The loan will be released at the request of the ordering party executed within 2 business days.

8. Settlements between the contracting authority and the contractor shall be made in Polish zlotys.

9. The Ordering Party reserves the right to change the date and number of tranches (but not more than 3 tranches) of disbursement of the loan without additional fees.

10. The Contracting Authority reserves the right to receive quarterly information from the Contractor to the indicated e-mail address on the amount of interest installments without additional fees.

11. The loan will be secured by a blank promissory note together with a promissory note declaration on which the countersignature of the Treasurer will be placed.