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This FIRST SUPPLEMENTAL TRUST INDENTURE dated as of July 1, 2004 (this "First
<br /> Supplemental Indenture") between the CITY OF DECATUR, MACON COUNTY, ILLINOIS, a
<br /> municipality and a home rule unit under the provisions of Article VII of the Constitution of the
<br /> State of Illinois (the "Cit�'), and U S BANK NATIONAL ASSOCIATION (successor to First of '
<br /> America Trust Company), a national banking association duly organized, existing and authorized
<br /> to accept and execute trusts of the character herein set out under and by virtue of the laws of the
<br /> United States of America, with its principal office in , as trustee
<br /> under the hereinafter described Trust Indenture(the"Series 1993 Trustee");
<br /> WITNESSETH
<br /> WHEREAS, the City is a municipality and a home rule unit under the provisions of
<br /> Article VII of the Constitution of the State of Illinois (the "State") and, as such, is empowered to
<br /> finance and refinance the cost of acquiring, constructing, renovating and equipping educational
<br /> facilities for private, nonprofit institutions of higher educatian located within the City in order to
<br /> enhance the general health and welfare of the residents of the City and the surrounding areas; and
<br /> WHEREAS, the City and the Series 1993 Trustee have heretofore executed and delivered
<br /> the Trust Indenture dated as of August 1, 1993 (the "Series 1993 Indenture") for the purpose of
<br /> providing for the issuance by the City of its Revenue Refunding Bonds, Millikin University,
<br /> Series 1993 (the "Series 1993 Bonds"), in the aggregate principal amount of $9,885,000,
<br /> $7,210,000 of which are currently outstanding; and
<br /> WHEREAS, the proceeds from the issuance and sale of the Series 1993 Bonds were used
<br /> by Millikin University, an Illinois not for profit corporation (the "Corporation"), together with
<br /> certain other funds, to (i) advance refund all outstanding City of Decatur, Macon County, Illinois
<br /> Revenue Bonds, Millikin University, Series 1988 (the "Series 1988 Bonds"), (ii) advance refund
<br /> all outstanding City of Decatur, Macon County, Illinois Revenue Bonds, Millikin University,
<br /> Series 1991 (the "Series 1991 Bonds"), (iii) establish a debt service reserve fund for the benefit
<br /> of the Series 1993 Bonds and (iv)pay certain costs incurred in connection with the issuance of
<br /> the Series 1993 Bonds; and
<br /> WHEREAS, the Corporation has determined that it is in its best interests to refund all
<br /> outstanding Series 1993 Bonds presently outstanding in the aggregate principal amount of
<br /> $7,210,000(the"Refunded Series 1993 Bonds"); and
<br /> WHEREAS, the Corporation desires to achieve the refunding of the Refunded Series 1993
<br /> Bonds and certain other purposes by borrowing funds from The County of Macon, Illinois (the
<br /> "Count}�') through the issuance and sale to the County of its Promissory Note, Series 2004 (the
<br /> "Note"), in the principal amount of$0,000,000, issued under and secured by the Loan Agreement
<br /> dated as of July 1, 2004 (the "Series 2004 Loan AgreemenY'), between the Corporation and the
<br /> County; and
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