SUMMARY OF BOND RESOLUTION AND NOTICE OF ADOPTION The Kentucky Bond Development Corporation, at a meeting held on October 7, 2025, adopted the following bond resolution: A RESOLUTION OF THE KENTUCKY BOND DEVELOPMENT CORPORATION, AUTHORIZING THE ISSUANCE OF APPROXIMATELY $3,100,000 PRINCIPAL AMOUNT OF KENTUCKY BOND DEVELOPMENT CORPORATION EDUCATIONAL FACILITIES REVENUE BONDS, CITY OF WOODLAWN SERIES 2025A (THE ROMAN CATHOLIC DIOCESE OF COVINGTON PROJECT), THE PROCEEDS OF WHICH SHALL BE LOANED TO THE ROMAN CATHOLIC DIOCESE OF COVINGTON, KENTUCKY TO FINANCE THE ACQUISITION, CONSTRUCTION, ENLARGEMENT, REMODELING, RENOVATION, IMPROVEMENT, FURNISHING, OR EQUIPPING OF FACILITIES SUITABLE FOR USE IN FURTHERANCE OF THE EDUCATIONAL PURPOSES OF THE ROMAN CATHOLIC DIOCESE OF COVINGTON, KENTUCKY; PROVIDING FOR THE PLEDGE OF REVENUES FOR THE PAYMENT OF SUCH BONDS; AUTHORIZING A LOAN AGREEMENT APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF SUCH REVENUES AND TO FURTHER SECURE SUCH BONDS; AUTHORIZING A TRUST INDENTURE, BOND PURCHASE AGREEMENT, TAX EXEMPTION CERTIFICATE AND AGREEMENT; AND AUTHORIZING OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS. The Resolution authorizes the issuance by the Kentucky Bond Development Corporation (the "Issuer") of approximately $3,100,000 of the Issuer's Educational Facilities Revenue Bonds, City of Woodlawn Series 2025A (Roman Catholic Diocese of Covington Project) (the "Bonds") in one or more series to provide funds to make a loan to The Most Reverend John Curtis Iffert, Bishop of the Roman Catholic Diocese of Covington, Kentucky, his successors and assigns (collectively, the "Borrower"), the proceeds of which will be used by the Borrower ") to finance the costs of the acquisition, construction, enlargement, remodeling, renovation, improvement, furnishing, or equipping of educational, athletic, and related facilities at Newport Central Catholic High School, located at 13 Carothers Road, Newport, Kentucky. The Bonds are being issued under Chapter 103 of the Kentucky Revised Statutes, and are to be retired from the loan payments to be made under a loan agreement between the Issuer and the Borrower (the "Loan Agreement"). The Bonds are not general obligations of the Issuer but are special and limited obligations of the Issuer payable solely from the revenues and funds pledged therefor under the Loan Agreement securing the Bonds. The Bonds will not be payable from other revenues or assets of the Issuer and neither the faith and credit nor the taxing power of the Commonwealth of Kentucky or any of its agencies or political subdivisions is pledged to the payment of any of the Bonds. Interest on the Bonds will be determined as set forth in (i) the Loan Agreement, (ii) an amended and restated trust indenture and indenture supplemental thereto, each by and between the Borrower and U.S. Bank Trust Company, National Association, as trustee, and (iii) a purchase agreement, by and between the Issuer, the Borrower, and the purchasers of the Bonds. The Resolution also authorizes the execution on behalf of the Issuer of various financing documents involved in the transaction, including the foregoing documents, a Tax Regulatory Agreement and Certificate, and related bond documents. A copy of the Resolution and the forms of the financing documents described above are on file with the Secretary of the Issuer. KENTUCKY BOND DEVELOPMENT CORPORATION By: /s/ Robyn Miller Secretary PREPARATION CERTIFICATE The undersigned Attorney at Law, licensed to practice in Kentucky, hereby certifies that the foregoing Summary of Bond Resolution and Notice of Adoption of the Kentucky Bond Development Corporation was prepared by the undersigned and constitutes a general summary of essential provisions of the Resolution, reference to the full text of which resolution is hereby made for a complete statement of its provisions and terms. /s/ Mark S. Franklin Dinsmore& Shohl, LLP 50 East RiverCenter Boulevard, Suite 1150 Covington, Kentucky 41011 IPL0279606 Oct 8 2025