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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(vi) The representations and covenants contained in the Tax Agreement and the Project Certificate executed by the Borrower on the issuance date of the Series 2026A Bonds are true and correct and are incorporated herein by reference. (vii) The execution and delivery of the Borrower Agreements on the Borrower's part have been duly authorized by all necessary corporate action, and neither the Borrower's execution and delivery of the Borrower Agreements, the Borrower's consummation of the transactions contemplated on its part thereby, nor the Borrower's fulfillment of or compliance with the terms and conditions thereof,conflicts with or results in a material breach of the Articles of Incorporation or By-Laws of the Borrower or any material agreement or instrument to which the Borrower is now a party or by which it is bound (except for any such breaches for which the Borrower has obtained a waiver or a required consent), or constitutes a default (or would constitute a default with due notice or the passage of time or both) under any of the foregoing. (viii) No litigation, proceedings or investigations are pending or, to the knowledge of the Borrower, threatened against the Borrower seeking to restrain, enjoin or in any way limit the approval or issuance and delivery of the Borrower Agreements or which would in any manner challenge or adversely affect the corporate existence or powers of the Borrower to enter into and carry out the transactions described in or contemplated by or the execution, delivery, validity or performance by the Borrower of the Borrower Agreements. In addition,except as described in writing to the City and the Initial Purchaser Representative, no litigation, proceedings or investigations are pending or, to the knowledge of the Borrower, threatened in writing against the Borrower, except litigation, proceedings or investigations involving claims for which the probable ultimate recoveries and the estimated costs and expenses of defense, in the opinion of management of the Borrower (A)will be entirely within the applicable insurance policy limits (subject to applicable deductibles) or are not in excess of the total of the available assets held under applicable self-insurance programs; or (B) will not have a material adverse effect on the operations or condition, financial or otherwise, of the Borrower. (ix) The audited financial statements of the Borrower for the fiscal year ended June 30, 2025, all prepared and certified by Sikich CPA LLC, independent certified public accountants, and that have been provided to the City and the Initial Purchaser Representative, correctly and fairly present the financial condition of the Borrower as of said dates, and the results of the operations of the Borrower for each of such periods, respectively, all in accordance with generally accepted accounting principles consistently applied except as stated in the notes thereto, and there has been no material adverse change in the condition, financial or otherwise, of the Borrower since June 30, 2025, from that set forth in the information so utilized except as disclosed in writing to the City and the Initial Purchaser Representative. (x) The information used in the preparation of the financial statements referred to in clause (ix) above, this Loan Agreement, the Tax Agreement and any other written statement furnished by the Borrower to the City and the Initial Purchaser Representative (including the descriptions and information relating to (A)the Borrower and the Financed -5-