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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Property, (B)the operations, financials and other affairs of the Borrower, (C) the application by the Borrower of the proceeds to be received by it from the loan of the proceeds of sale of the Series 2026A Bonds, and (D) the participation by the Borrower in the transactions contemplated herein)do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein or herein not misleading. There is no fact which has not been disclosed to the City and the Initial Purchaser Representative or otherwise disclosed by the Borrower to the City and the Initial Purchaser Representative in writing which materially adversely affects or, so far as the Borrower can now foresee, will materially adversely affect the financial condition of the Borrower, the tax-exempt status of the Borrower, the ability of the Borrower to own and operate the Financed Property or the Borrower's ability to make payments on the Series 2026A Note and under this Loan Agreement when and as the same become due and payable. (xi) The Borrower has any and all necessary licenses and permits to occupy and operate their existing facilities and has obtained,will obtain or will cause to be obtained all necessary licenses and permits to acquire, occupy and operate, as applicable, the Financed Property, as they become required. (xii) Compliance by the Borrower with the provisions of the Borrower Agreements will not involve,to the extent applicable,any prohibited transaction within the meaning of the Employee Retirement Income Security Act of 1974, as amended (herein sometimes referred to as "ERISA"), or Section 4975 of the Code. No "employee pension benefit plans," that are subject to Title IV of ERISA (herein sometimes referred to as "Plans"),maintained by the Borrower,nor any trust created thereunder,have incurred any "accumulated funding deficiency" as defined in Section 302 of ERISA, to the extent applicable and the present value of all benefits vested under all Plans,if any,did not exceed, as of the last annual valuation date, the value of the assets of the Plans allocable to such vested benefits. (xiii) No amounts shall be withdrawn from the Project Fund except to pay or to reimburse the Borrower for any Costs of the Project,or except as permitted in the Indenture and Loan Agreement. (xiv) The Borrower has all necessary consents and approvals to grant a security interest in the Trust Estate and there are no restrictions, limitations or encumbrances on such Trust Estate that prevents their application toward the payment of principal and interest on the Series 2026A Bonds or any exercise of remedies by the Trustee with respect to such Trust Estate. Section 2.03. Payment of Principal, Premium and Interest. The Borrower will duly and punctually pay the principal of,premium, if any, and interest on the Series 2026A Note at the dates and the places and in the manner mentioned in the Series 2026A Note and in this Loan Agreement, according to the true intent and meaning thereof and hereof. Notwithstanding any schedule of payments upon the Series 2026A Note set forth herein or in such Notes, the Borrower agrees to make payments upon the Series 2026A Note and to be liable therefor at times and in amounts -6-