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WHEREAS, the Purchasers agreed to offer such reduction in the total interest cost of the
<br /> Series 2010 Bonds in the form of interest rate reductions on a portion of the Series 2010 Bonds,
<br /> on the condition that the Series 2010 Bonds remain "Qualified Tax-Exempt Obligations"
<br /> pursuant to and as defined in Section 265(b)(3) of the Code; and
<br /> WHEREAS, such interest rate reductions on a portion of the Series 2010 Bonds in the
<br /> aggregate principal amount of $9,914,400 will constitute a reissuance and current refunding of
<br /> that portion of the Series 2010 Bonds under the Code (the "Refunding"); and
<br /> WHEREAS, in order to provide for the Refunding and the reregistration of the Series 2010
<br /> Bonds the City approved and authorized the execution of this First Supplemental Bond
<br /> Indenture; and
<br /> WHEREAS, in order to obtain funds to refinance a portion of the outstanding principal
<br /> amount of the Bank Debt, as permitted under the Act, the Corporation issued to the City its
<br /> Direct Note Obligations, Series 2010A-D (City of Decatur, Macon County, Illinois) each dated
<br /> December 22, 2010 and aggregating $18,360,000 in principal amount (the "Series 2010
<br /> Obligations") and is concurrently with the delivery hereof issuing to the City its Direct Note
<br /> Obligations, Series 2010A-D (City of Decatur, Macon County, Illinois) each dated January 25,
<br /> 2012 (as set forth in the table below, the "Reregistered Series 2010 Obligations") under and
<br /> pursuant to the Master Trust Indenture dated as of June 1, 1991 (the "Original Master
<br /> Indenture"), as previously supplemented and amended, and as further supplemented and
<br /> amended by the Seventh Supplemental Master Trust Indenture dated as of January 25, 2012 (the
<br /> "Seventh Supplemental Master Indenture") between the Corporation and U.S. Bank National
<br /> Association, as successor master trustee (the "Master Trustee"):
<br /> Series 2010A: Series 2010B:
<br /> R-2 $2,260,800 R-2 $1,800,000
<br /> R-3 $3,391,200 R-3 $2,700,000
<br /> Series 2010C: Series 2010D:
<br /> R-2 $1,585,800 R-2 $ 963,000
<br /> R-3 $2,378,700 R-3 $1,444,500; and
<br /> WHEREAS, in order to accomplish the Refunding and in connection with the delivery to
<br /> the City of the Reregistered Series 2010 Obligations, the City authorized the reregistration of the
<br /> Series 2010 Bonds (the "Reregistered Series 2010 Bonds"); and
<br /> WHEREAS, Section 902 of the Bond Indenture permits supplements to the Bond Indenture
<br /> to effect a reduction in the rate of interest on the Series 2010 Bonds with the consent of the
<br /> holders of the Series 2010 Bonds of each series which are affected thereby; and
<br /> WHEREAS, the holders of the Series 2010 Bonds, have consented to the execution of this
<br /> First Supplemental Bond Indenture, as set forth on Exhibit C hereto; and
<br /> WHEREAS, the execution and delivery of this First Supplemental Bond Indenture and the
<br /> reregistration of the Series 2010 Bonds have been in all respects duly and validly authorized by
<br /> an ordinance duly passed and approved by the City; and
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