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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or cause to be delivered, to the Borrower, all property, including money, then held by the City, other than moneys held in the Rebate Fund or deposited with the Trustee for the payment of the principal of and premium, if any, or interest on the Series 2026A Note, together with the Series 2026A Note marked paid or cancelled. ARTICLE VIII MISCELLANEOUS PROVISIONS Section 8.01. Loan Agreement for Benefit of Parties Hereto. Nothing in this Loan Agreement, express or implied, is intended or shall be construed to confer upon, or to give to, any person other than the parties hereto and their successors and assigns and the holders of the Series 2026A Note, any right, remedy or claim under or by reason of this Loan Agreement or any covenant, condition or stipulation hereof; and the covenants, stipulations and agreement in this Loan Agreement contained are and shall be for the sole and exclusive benefit of the parties hereto, their successors and assigns and the holders of the Series 2026A Note. Section 8.02. Severability. In case any one or more of the provisions contained in this Loan Agreement or in the Series 2026A Note shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. Section 8.03. Limitation on Interest. No provisions of this Loan Agreement or of the Series 2026A Note shall require the payment or permit the collection of interest in excess of the maximum permitted by law. If any excess of interest in such respect is herein or on the Series 2026A Note provided for, or shall be adjudicated to be so provided for herein or in the Series 2026A Note, neither the Borrower nor its successors or assigns shall be obligated to pay such interest in excess of the amount permitted by law, and the right to demand the payment of any such excess shall be and hereby is waived, and this provision shall control any provisions of this Loan Agreement and the Series 2026A Note inconsistent with this provision. Section 8.04. Addresses for Notice and Demands. Any notice to or demand upon the Trustee may be served or presented, and such demand may be made, at the designated corporate trust office of the Trustee,the City, and the Borrower at the addresses set forth in Section 12.05 of • the Indenture. Any notice or demand made pursuant to this Loan Agreement shall be deemed to be received and be effective five Business Days after mailing. Section 8.05. Notice to and Consent of Trustee. The Borrower acknowledges that simultaneously with the signing and delivery of this Loan Agreement, the City is signing and delivering the Indenture between the City and the Trustee pursuant to which the City is assigning to the Trustee all the City's right, title and interest in this Loan Agreement, and any related other bond documents (except as expressly reserved to the City within the granting clauses of the Indenture). With respect to the matters as to which the City has assigned its rights to the Trustee, whenever the Borrower is required to secure the consent of or give notice to the City pursuant to -30-