Long-term loan of up to 6,645,396.79 to finance the planned budget deficit and repayment of obligations previously incurred

3. The loan will be used to finance the planned budget deficit and repayment of obligations previously incurred

4. The loan will be repaid as follows:

1) 1st installment in the amount of PLN 5,000.00 (in words: five thousand zlotys) payable until 31.12.2023,

2) 2nd installment in the amount of PLN 5,000.00 (in words: five thousand zlotys) payable by 31/12/2024,

3) III installment in the amount of PLN 10,000.00 (in words: ten thousand zlotys) payable by 31.12.2025,

4) 4th installment in the amount of PLN 10,000.00 (in words: ten thousand zlotys) payable by 31/12/2026,

5) V installment in the amount of PLN 10,000.00 (in words: ten thousand zlotys) payable by 31.12.2027,

6) VI installment in the amount of PLN 120,000.00 (in words: one hundred and twenty thousand zlotys) payable by 31.12.2028,

7) VII installment in the amount of PLN 5,000.00 (in words: five thousand zlotys) payable until 31.12.2029,

8) VIII installment in the amount of PLN 100,000.00 (in words: one hundred thousand zlotys) payable until 31.12.2030,

9) IX installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2031,

10) X installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2032,

11) 11th installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2033,

12) XII installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31.12.2034,

13) 13th installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2035,

14) XIV installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2036,

15) the fifteenth installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2037,

16) 16th installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2038,

17) the 17th installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2039,

18) the eighteenth installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31/12/2040,

19) the 19th installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable by 31.12.2041,

20) 20th installment in the amount of PLN 500,000.00 (in words: five hundred thousand zlotys) payable until 31.12.2042,

21) 21st installment in the amount of PLN 380 396.79 (say: three hundred eighty thousand three hundred ninety six zlotys seventy nine groszy) payable by December 31, 2014,

4.1 Interest on the loan will be accrued on a quarterly basis, known as accounting periods.

4.2 Interest on the loan utilized shall be payable the next day after the end of each accounting period, whereby:

4.2.1 The first accounting period is counted from the date of the first loan disbursement and ends on 30.9.2019,

4.2.2 Subsequent accounting periods are counted from the day following the end of the previous accounting period and end respectively on 31 December, 31 March and 30 June,

4.2.3 The last accounting period ends on the day preceding the full repayment of the loan.

4.3 The Purchaser reserves that he may make early repayments without incurring additional costs.

4.4 The Purchaser reserves the right to change the capital repayment schedule.

5. The grace period for the repayment of the first capital installment by 31/12/2023

6. Security for loan repayment with a blank promissory note together with a promissory note declaration, which will be countersigned by the Commune Treasurer. The Purchaser does not agree to the use of statements of submission to enforcement.

7. The loan will be paid out in two tranches:

1st tranche 3 645 396.79 PLN - within 2 to 5 business days of signing the contract.

Second tranche PLN 3,000,000.00 - within 2 to 5 business days of requisition.

8. Settlement between the Employer and the Contractor will be made only in PLN.

9. The offer should include the indicator of the calculations used. The Employer allows the interest rate to be given only on the basis of 3M WIBOR. The bids will be compared taking into account the abovementioned indicators of the Contractors as at 31.0