The subject of the order is the granting of a long-term consolidation loan in the amount of PLN 12,214,000.00 for the repayment of liabilities under long-term loans previously taken out at Bank Spółdzielczy in Łaszczów and the early redemption of issued bonds.

1. The subject of the order is the granting of a long-term consolidation loan in the amount of PLN 12,214,000.00 for the repayment of liabilities under long-term loans previously incurred at Bank Spółdzielczy in Łaszczów and the early redemption of issued bonds. Detailed conditions for granting and repayment of a long-term consolidation loan:

1) the long-term consolidation loan in question will not affect the commune's bank account, and the crediting bank will repay directly the current debt of the Łaszczów Commune towards Bank Spółdzielczy in Łaszczów and will carry out early redemption of the bonds issued by the Commune of Łaszczów.

2) a long-term consolidation loan is an off-balance sheet operation on the debt of the Łaszczów commune consisting in the exchange of long-term loans taken out at Bank Spółdzielczy in Łaszczów and bonds issued by the commune for one more favorable spread for the commune.

3) The lending bank will grant the said long-term consolidation loan off-balance sheet and:

a) will repay the liabilities due to previously drawn bank loans at Bank Spółdzielczy in Łaszczów in the amount of PLN 3,260,000.00, including:

- contract No. 260/02 / IK / 12 of December 31, 2012, PLN 2,160,000.00

- contract No. 260/01 / KPD / 16 of 30/12/2016 for PLN 600,000.00

- contract No. 260/01 / KPD / 17 of 29/12/2017, amount of PLN 500,000.00

b) makes early redemption of Bonds issued in accordance with the Bond Issue Organization Agreement of December 21, 2010 through Bank DnB NORD Polska Spółka Akcyjna bonds series B11, C11, D11 with a total nominal value of PLN 900,000.00,

c) performs early redemption of bonds issued in accordance with the Agreement regarding the organization, carrying out and servicing of bond issues of 20.12.2013 through BOŚ SA, bonds series A13, B13, C13, D13, E13, F13, G13, H13, I13 with a total nominal value PLN 8.054.000,00.

4) capital installments of a long-term consolidation loan in the amount of PLN 12,214,000.00 will be payable according to the schedule set out in part I of the ToR

5) the loan will be made available no later than December 14, 2018

6) long-term consolidation loan will be granted for early repayment of long-term loans off balance sheet - without a separate loan application, in Polish currency,

7) planned loan period - until 31.12.2034

8) repayment of interest on a quarterly basis on the basis of a written notification of the amount of interest by the crediting Bank,

9) repayment of interest calculated for individual quarters, payable by the last day of each quarter from December 31, 2018,

10) for determining the amount of interest, a year equal to 365 days and the actual number of days in a month are assumed,

11) in the event of repayment of the loan at an earlier date, interest will be calculated until the date of repayment, and not until the end of the contract,

12) The Purchaser reserves the right to early repayment of the loan in whole or in part without incurring,

13) the interest rate on the loan will be variable, equal to the sum of WIBOR 1M + m, where m is the bank's fixed margin (invariable during the contract period), and the WIBOR 1M rate will be taken as the average of the month ending the quarter for which interest will be payable,

14) to prepare a tender, the Bidder will include the average Wibor 1M rate for August 2018 in the offer form (i.e. 1.64%),

15) the bank will not charge any additional commission fees,

16) the collateral for the long-term consolidation loan will be a blank promissory note together with a promissory note declaration. Security may be provided in the event of a delay in repayment of principal installments or interest exceeding 30 days,

17) settlements between the Bank and the Commune will be conducted in PLN,

18) the commune agrees to submit a written declaration on submission to enforcement under the provisions of art. 97 paragraph 1 and 2 Banking Law.