Credit characteristics:

1) Loan amount: PLN 4,570,000 (in words: four million five hundred and seventy thousand zlotys 00/100

2) Loan period: from the date of signing the loan agreement to 31.12.2031.

3) The Contractor shall put the credit funds at the disposal of the Ordering Party:

— during the period: at the earliest from the date of signature of the contract and at the latest by 30 December 2022,

— in tranches, depending on the borrower's needs on the basis of written demands for the next tranche submitted by the Ordering Party, within 3 days before the launch

4) Quarterly repaid installments

5) Interest repaid monthly

1. The subject of the contract is the granting of a long-term loan in the amount of PLN 4,570,000.000 to finance the planned deficit and repayment of installments of previously taken loans.

2. The loan will be collected in tranches from the date of signing the contract until 30 December 2022.

3. Instructions to start tranches may be submitted on the model specified by the bank.

4. Instructions to start tranches of the loan will be sent in electronic form with the deadline for starting the tranche. However, the original will be immediately

delivered to the bank. Delivery of the original cannot determine the launch of the tranche

Credit.

5. The time of starting the loan may not be longer than 3 business days, counting from the day following the day of submitting the application for starting the loan by the ordering party.

6. The Ordering Party reserves the right to change the amount and date of starting the loan. It is not envisaged that the loan can be started early.

7. The Ordering Party reserves the right to use the full amount of the loan without additional fees and commissions.

8. In the event of taking out a loan in the amount lower than planned, this will not result in the termination of the loan agreement and will not cause any other claims of the contractor against the ordering party. The lower loan amount will not affect the loan period and the rules for repayment of loan installments, which will remain unchanged.

9. Loan period until 31.12.2031

10. Grace period in repayment of capital until 29.03.2024

11. The loan will be repaid quarterly, in the following 32 capital installments.

13. The first installment of the loan will be repaid on 29.04.2024, the next installments will be paid at the end of each quarter, and the last by 31.12.2031.

14. The Ordering Party reserves the right to repay part or all of the loan debt early without additional commissions and fees. The contracting authority shall inform the contractor in writing about the intention to make such repayment at least 3 working days before the repayment, indicating the amount and date of early repayment of the loan. In the case of early repayment of the loan, interest will be calculated for the period of its actual use.

15. The Contractor shall allow the possibility, at the request of the Ordering Party, no more than once a year, to postpone the payment of the capital installment by 1 month within a given calendar year (without postponing the installment to subsequent years).

16. Interest on the loan will be calculated monthly on the loan actually used at the variable rate of WIBOR 1 M +/- fixed margin of the contractor. The interest rate on the loan will be fixed on the day of launching the first tranche of the loan and will change every month.

17. Capitalisation of interest is unacceptable.

18. For the calculation of the amount of interest, the actual number of days of use of the credit in relation to 365/366 days of the year shall be used.

19. Interest installments for a given month will be repaid by the end of each month on the basis of a notification sent by the bank in writing, i.e. by letter or e-mail to the following address: gmina@wisznice.pl 5 days before the payment date.

20. The first installment of interest for the period from the date of starting the loan to 31.12.2022 will be repaid on 10.01.2023.

21. Grace period for interest payment until 31.12.2022

22. The Ordering Party allows the possibility of interest on overdue debt in the amount of statutory interest.

23. Loan collateral – a blank promissory note with a promissory note declaration countersigned by the Treasurer of the Municipality.

24. The costs of servicing the loan (the price of the loan) are:

- interest rate on the loan calculated on the used loan (loan tranche) at the variable rate of WIBOR 1 M +/- fixed contractor's margin.

- commission: 0%.

For a detailed description of the item of the order, see SWZ.