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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the terms of this Loan Agreement or any other bond documents, the Borrower shall secure the consent of or give notice to, as the case may be,the Trustee to the extent required in the Indenture. Section 8.06. Successors and Assigns. Whenever in this Loan Agreement any of the parties hereto is named or referred to, the successors and assigns of such party shall be deemed to be included and all the covenants,promises and agreements in this Loan Agreement contained by or on behalf of the Borrower, or by or on behalf of the City, shall bind and inure to the benefit of the respective successors and assigns, whether so expressed or not. Section 8.07. Counterparts. This Loan Agreement is being executed in any number of counterparts, each of which is an original and all of which are identical. Each counterpart of this Loan Agreement is to be deemed an original hereof and all counterparts collectively are to be deemed but one instrument. Section 8.08. Governing Law. This Loan Agreement shall be governed exclusively by and construed in accordance with the internal laws of the State of Illinois applicable to contracts to be wholly performed therein. Section 8.09. Holidays. If any date for the payment of an amount hereunder or on the Series 2026A Note, or the taking of any other action required or permitted to be taken hereunder, is not a Business Day, then such payment shall be due or such action shall or may be taken, as the case may be, on the first Business Day thereafter with the same force and effect as if done on the nominal date provided in this Loan Agreement. Section 8.10. Term of Agreement. This Loan Agreement shall be in full force and effect from the date hereof, and shall continue in effect until the payment in full of all principal of, premium, if any, and interest on the Series 2026A Bonds, or provision for the payment thereof pursuant to Article XI of the Indenture; all fees, charges, indemnities and expenses of the City,the Trustee, the Initial Purchasers and the Bond Registrar have been fully paid or provision made for such payment (the payment of which fees, charges, indemnities and expenses shall be evidenced by a written certification of the Borrower that it has fully paid or provided for all such fees,charges, indemnities and expenses); and all other amounts due hereunder and under the Series 2026A Note have been duly paid or provision made for such payment. All representations, certifications and covenants by the Borrower as to the indemnification of various parties and the payment of fees and expenses of the City as described in Sections 2.21 and 2.29 hereof, and all matters affecting the federal tax-exempt status of interest on the Series 2026A Bonds, shall survive the termination of this Loan Agreement. [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK] -31-