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 VI SUPPLEMENTS AND AMENDMENTS TO THIS LOAN AGREEMENT;WAIVERS Section 6.01. Supplements and Amendments to This Loan Agreement; Waivers. Subject to the terms, conditions and provisions of Article X of the Indenture,the Borrower and the City may from time to time enter into supplements and amendments to this Loan Agreement. An executed copy of any such supplement or amendment shall be filed with the Trustee. In addition,the Trustee may,but shall not be required to,rely on an opinion of Counsel in connection with an amendment, change or modification to this Loan Agreement to be entered into pursuant to this Section 6.01. Section 6.02. Supplements and Amendments to the Intercreditor Agreement. The Borrower shall not amend, modify, terminate, waiver or consent to any amendment, modification, termination or waiver of the Intercreditor Agreement without the prior written consent of the Majority Holders. ARTICLE VII DEFEASANCE Section 7.01. Defeasance. If (a)the Borrower shall pay and discharge or provide, in a manner reasonably satisfactory to the City, for the payment and discharge of the whole amount of the principal of, premium, if any, and interest on the Series 2026A Note at the time outstanding, and shall pay or cause to be paid all other sums payable hereunder, or shall make arrangements reasonably satisfactory to the City for such payment and discharge; (b)the Borrower shall(i) have paid or caused to be paid all other sums then accrued and unpaid under this Loan Agreement, the Series 2026A Note and the Indenture; (ii)not be in default of any covenant which has resulted, or with the passage of time or the giving of notice, or both, gives rise to a reasonable possibility of resulting in the loss of the exclusion from federal gross income of the Owners thereof of interest paid on the Series 2026A Bonds otherwise afforded under Section 103(a) of the Code; and (iii)have kept,performed and observed in all and singular the covenants and promises in the Series 2026A Note and this Loan Agreement expressed to be kept, performed and observed by the Borrower; (c)the Series 2026A Bonds shall have been paid in full or provision therefor shall have been made as provided in the Indenture; and (d)provision has been made for the satisfaction and discharge of the Indenture as provided therein,then and in that case all property,rights and interest hereby conveyed or assigned or pledged shall revert to the Borrower and the estate,right,title and interest of the City therein shall thereupon cease, terminate and become void; and, except to the extent necessary to assure the maintenance of the exclusion of interest on the Series 2026A Bonds from the gross income of the Owners thereof in the Opinion of Bond Counsel acceptable to the City, this Loan Agreement, and the covenants of the Borrower contained herein, except as otherwise provided herein, including, without limitation, as provided in Sections 2.09 and 2.19 herein, shall be discharged and the City in such case on demand of the Borrower and at the Borrower's cost and expense, shall execute and deliver to the Borrower a proper instrument or proper instruments acknowledging the satisfaction and termination of this Loan Agreement, and shall convey,assign and transfer or cause to be conveyed,assigned or transferred,and shall deliver -29-