2026-35 An Ordinance Authorizing the Issuance and Sale of Revenue Bonds (Millikin University), Series 2026A of the City of Decatur, Macon County, Illinois, in an Aggregate Principal Amount not to Exceed $18,000,000; Authorizing the Execution

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ARTICLE II PARTICULAR COVENANTS,REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 2.01. Consent to Assignment to Trustee. The Borrower acknowledges and consents to the pledge and assignment of the Series 2026A Note and the assignment of the City's rights hereunder, other than Unassigned Rights, to the Trustee pursuant to the Indenture and agrees that the Trustee may enforce such rights, remedies and privileges granted to the City hereunder. As security for its obligations under the Series 2026A Note, the Borrower hereby pledges to the Trustee any of its rights,title and interest in the Trust Estate. Section 2.02. Representations and Warranties. (a) City Representations and Warranties. The City represents and warrants as follows: (i) The City is a is a municipality and a home rule unit under the provisions of Article VII of the Constitution of the State of Illinois and is authorized to enter into the transactions contemplated by this Loan Agreement and to carry out its obligations hereunder, and has been duly authorized to execute and deliver this Loan Agreement. (ii) It is the City's understanding, based upon certain representations of the Borrower that the issuance and sale of the Series 2026A Bonds and the lending of the proceeds of the Series 2026A Bonds to the Borrower (which proceeds, along with certain other moneys,will be applied for the benefit of the Borrower) is to provide a portion of the moneys required to accomplish the Financing Purposes. (iii) To provide funds to lend to the Borrower for the purposes described in paragraph (ii) above, the City has authorized the Series 2026A Bonds in the aggregate principal amount of$18,000,000 to be issued upon the terms set forth in the Indenture, under the provisions of which the City's interest in this Loan Agreement and the payments of principal,premium, if any, interest and other revenues hereunder(other than Unassigned Rights) and under the Series 2026A Note are pledged and assigned to the Trustee as security for the payment of the principal of, premium, if any, and interest on the Series 2026A Bonds. The City covenants that it has not and will not pledge or assign its interest in this Loan Agreement, the Trust Estate or the revenues and receipts derived pursuant to this Loan Agreement, excepting Unassigned Rights, other than to the Trustee under the Indenture to secure the Series 2026A Bonds. (iv) To the actual knowledge of the City, neither the City's execution and delivery of this Loan Agreement, its consummation of the transactions contemplated on its part hereby, nor the City's fulfillment of or compliance with the terms and conditions thereof conflicts with or results in a breach of the terms, conditions or provisions of any material restriction, agreement or instrument to which the City is a party, or by which it or any of its property is bound, or constitutes a default under any of the foregoing. -3-