In front of. Order. is granted. long-term loan in the amount of PLN 12,300,000 to be allocated for financing. planned budget deficit in 2019 Credit Currency Polish zloty. Run. chalk. will take place without commissions and fees. Chalk. will be placed at the disposal of in the period: from the day following the conclusion of the contract until December 23, 2019. Order reserves the right not to use. amount of credit granted in full - no commission or fees. Zam. no schedule wykorzys. chalk. Pluck. chalk. will be in the form of cash. through implementation by Exec. orders on account of credit. The order will be carried out. via Draft in term. 2 business days counting from the day of its submission by Zam. Nal. are charged for each day of use. with chalk counting from the day it was granted. Odset. from use chalk. are payable upon completion. quarter calendar. in term 7 days from the date received Infor. (e.g., letter, fax, to the address

e-mail: skarbnik@gizycko.pl) on percentage. Details in the Terms of Reference in parish III Description of the subject of the order.

1. The subject of the contract is the granting of a long-term loan in the amount of PLN 12,300,000 (in words: twelve million three hundred thousand 00/100) to finance the budget deficit planned in 2019.

2. Credit currency: Polish zloty (PLN).

3. The loan will be discharged without fees and charges.

4. The loan will be placed at the disposal of the Awarding Entity in the period: from the day following the conclusion of the contract until December 23, 2019

5. The Awarding Entity reserves the right not to use the amount of the loan granted in full - no commission or fees.

6. The Awarding Entity does not foresee a loan utilization schedule.

7. The credit will be used in a non-cash form by means of the Contractor's execution of the Employer's orders - charged to the credit account. The order will be carried out by the Contractor within 2 business days from the date of its submission by the Employer.

8. The schedule of repayment of capital installments is presented in detail in §III SIWZ.

9. Interest due is calculated for each day of using the loan, counting from the day it is granted. Interest on the loan used is payable after the end of the calendar quarter within 7 days of receiving the information (e.g. letter, fax, e-mail address: skarbnik@gizycko.pl) on the amount of accrued interest.

10. In the event that the repayment date of principal or interest installments falls on a non-working day, the Employer shall make the required repayment on the first business day following the designated repayment date.

11. The loan interest rate is calculated according to the variable WIBOR rate for three-month deposits, applicable on each first day of the interest period (calendar quarter), increased (+) / reduced (-) by the bank's fixed margin expressed in percentage points. If the first day of the interest period is a public holiday, the rate from the next business day following that day applies. If the day off from work for the Contractor is Saturday that is not a holiday, the WIBOR rate from the last business day preceding the first day of the interest period applies.

The change in interest rate resulting from the WIBOR 3M rate does not constitute a change in the terms of the contract and does not require termination.

12. The Purchaser has the right to repay the loan in whole or in part without prior notification to the Lender and without incurring any charges in this respect. In the event of early partial repayment of the loan, the loan period remains unchanged, unless the Borrower makes a different instruction in writing.

13. The loan may not be charged with other fees and commissions.

14. The loan repayment security will be a blank promissory note together with a promissory note declaration.

15. Other information:

a) the commune does not implement recovery proceedings and does not proceed to its implementation,

b) the municipality is not and has not been restructured in another bank.