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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to the Initial Purchaser Representative of a final Collateral Fund Agreed Upon Procedures Letter, incorporating Initial Purchaser Representative's reasonable comments from the draft Collateral Fund Agreed Upon Procedures Letter, on the Closing Date. The Borrower further covenants to remit to the Trustee on the Closing Date, $ of its own funds for deposit in the Collateral Fund established pursuant to Section 4.08 of the Indenture. Section 2.21. Unconditional Obligation. As security for the payment of the Bonds,the City will assign and pledge to the Trustee all right, title and interest of the City in and to this Loan Agreement and the Series 2026A Note, including the right to receive payments hereunder and thereunder (except its Unassigned Rights, including without limitation, the right to receive payment of expenses, fees, indemnification and the rights to make determinations and receive notices hereunder),and hereby directs the Borrower to make said payments directly to the Trustee. The Borrower herewith assents to such assignment and pledge and will make payments directly to the Trustee without defense or set-off by reason of any dispute between the Borrower and the City or Trustee, and hereby agrees that its obligation to make payments hereunder and to perform its other agreements contained herein are absolute and unconditional. Until the principal of and interest on the Bonds shall have been fully paid or provision for the payment of the Bonds made in accordance with the Indenture, the Borrower(a) will not suspend or discontinue any payments provided for herein; (b)will perform all its other duties and responsibilities called for by this Loan Agreement; and (c) will not terminate this Loan Agreement for any cause, including, any acts or circumstances that may constitute failure of consideration, destruction of or damage to the Financed Property, commercial frustration of purpose, any change in laws of the United States of America or of the State or any political subdivision of either, or any failure of the City to perform any of its agreements, whether expressed or implied, or any duty, liability or obligation arising from or connected with the Indenture or this Loan Agreement. Nothing contained in this Section shall be construed to release the City from the performance of any agreements on its part herein contained or any of its other duties or obligations, and in the event the City shall fail to perform any such agreement, duty or obligation, the Borrower may institute such action as it may deem necessary to compel performance or recover its damages for non-performance. Notwithstanding the foregoing, neither the City nor the Trustee shall have any obligation to advance or expend funds under this Loan Agreement beyond the extent of moneys in the Funds established under the Indenture available therefor. This Loan Agreement,the Series 2026A Note and the obligations of the Borrower to make payments hereunder are general obligations of the Borrower payable from the Trust Estate and any available funds of the Borrower. The Borrower agrees to use its best efforts to enable the City and the Trustee to comply with their respective obligations under the Indenture. Section 2.22. Notice Regarding Bankruptcy Petitions, Events of Default or Potential Default. The Borrower agrees to notify the Trustee, the Initial Purchaser Representative and the City in writing prior to any filing by it of a petition in bankruptcy and to notify the Trustee, the Initial Purchaser Representative and the City immediately by telephone and in writing as soon as -15-