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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Section 4.08. Remedies Subject to Provisions of Law. All rights, remedies and powers provided by this Article may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Article are intended to be subject to all applicable mandatory provisions of law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Loan Agreement invalid or unenforceable under the provisions of any applicable law. Section 4.09. No Right to Conduct Affairs of Borrower. Nothing contained in this Loan Agreement shall be construed to grant the City the right to conduct the business and affairs of the Borrower, whether or not an Event of Default shall have occurred. Section 4.10. Expenses on Default. In the event the Borrower should default under any of the provisions of this Loan Agreement and the City or the Bond Trustee should employ attorneys or incur other expenses for the collection of the payments due hereunder,the Borrower agrees that it will on demand therefor pay to the City or the Bond Trustee the reasonable attorneys' fees and expenses of such attorneys and such other reasonable expenses so incurred by the City or the Bond Trustee. Section 4.11. Bankruptcy Matters. The Borrower acknowledges and agrees that in the event Borrower commences a case under the United States Bankruptcy Code located at 11 U.S.C. §101 et seq. (the "Bankruptcy Code") or is the subject of an involuntary case that results in an order for relief under the Bankruptcy Code: (i)amounts on deposit in any of the funds established hereunder or under the Indenture (collectively, "Funds") are not, nor shall they be deemed to be, property of Borrower's bankruptcy estate as defined by §541 of the Bankruptcy Code; (ii) that in no event shall Borrower assert, claim or contend that amounts on deposit in any of the Funds are property of Borrower's bankruptcy estate; and(iii)that amounts on deposit in any of the Funds are held in trust solely for the benefit of the Registered Owners and the Beneficial Owners, shall be applied only in accordance with the provisions of the Indenture and the Borrower has no legal, equitable nor reversionary interest in, or right to, such amounts. ARTICLE V IMMUNITY OF MEMBERS,OFFICERS,DIRECTORS AND EMPLOYEES Section 5.01. Immunity. No recourse shall be had for the payment of the principal of, or premium, if any, or the interest on, the Series 2026A Note, or for any claim based thereon or on this Loan Agreement or any agreement supplemental or collateral hereto, against any trustee, member, director, officer or employee,past,present or future,of the Borrower, , either directly, or through the Borrower, , whether by virtue of any constitution, statute, rule of law, or by the enforcement of any assessment or penalty or otherwise; all such liability,whether at common law, in equity, by any constitution, statute or otherwise, of trustees, members, directors, officers or employees, as such, being released as a condition of and consideration for the execution of this Loan Agreement and of the issuance of the Series 2026A Note. -28-