1. Object of the agreement: revolving credit limit for land purchase financing and refinancing.

2. Significant conditions of the agreement: The agreement between the Company and the Bank contains standard provisions and is a typical agreement concluded in transactions of that type. The agreement contains, without limitation, the following provisions:

   a) Credit amount: up to PLN 20,000,000.00.
   b) The financial conditions do not deviate from those commonly used for that type

   of agreements: the credit interest rate is based on 3 M WIBOR + the Bank's margin; and there are arrangement, handling, commitment and compensation fees.

   c) Drawings: after the terms and conditions have been met, drawing will be made in tranches (separate loans granted as part of the general limit), for land purchase financing/refinancing.

   d) Credit transaction period: until 20/03/2028.
   e) Repayment conditions: the repayment of the main amount of the loans granted

   under the limit in equal monthly instalments, starting from the month following the credit launch in question until the end of the loan period; interest repayment on a monthly basis.

   f) The credit launch condition is the establishment of legal securities for credit repayment and the payment of the commissions. As regards establishing a mortgage in favour of the Bank, the confirmation of filing at a court of a paid-for application for the entry of the mortgage and the payment of relevant civil law transaction tax are the credit launch conditions, too.

3. Legal security for credit repayment:

   1. a)  The contractual real estate mortgage up to PLN 30,000,000 in favour of SGB

      Bank SA on 40 apartments located in Mikołajki, on which relevant land and mortgage registers will be established, after those apartments have been legally separated, by the District Court in Mrągowo, 4th Land and Mortgage Register, from register OL1M/00037563/3 – to secure the repayment of the main amount and secondary liabilities: bank commissions, interest, as well as debt collection and enforcement costs.

   2. b)  Assignment of rights following from the insurance agreement for the real estate being credited in favour of the Bank.

   3. c)  A blank promissory note with a promissory note declaration.

   4. d)  Power of attorney in favour of the Bank to manage the current account.

   5. e)  Temporary security until the registration of the mortgage mentioned under a) –

      the contractual real estate mortgage up to PLN 5,175,000 on real property located in Elbląg, land and mortgage register EL1E/00112595/8 maintained by the District Court in Elbląg, 6th Land and Mortgage Register Division.

4. Additional terms and conditions: The borrower is required to conduct transactions through the accounts at the Bank in relation to the performance of property development tasks financed by the Bank.

5. If credit repayment is late, the Bank will collect interest on the outstanding amount for the period from the day following the deadline until the payment with reference to the interest rate for overdue credit.

6. The credit agreement does not contain other special conditions deviating from those commonly used in agreements of that kind or provisions pertaining to penalties, whose value would exceed 10 % of the value of that agreement or the equivalent of 200,000 euros, with reference to the average rate published for a given currency by the National Bank of Poland and binding on the date of conclusion of that agreement.

The Issuer's significance criterion for agreements is the considerable total value, on the Issuer's scale, of the object of the agreements concluded by the entities belonging to the INPRO Corporate Group with SGB Bank SA during the last 12 months, that value being PLN 58,100,000.

Detailed legal grounds: Article 17(1) of Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR).