NOTICE OF ADOPTION AND SUMMARY OF RESOLUTION The Kentucky Bond Development Corporation (the "Issuer"), at a meeting of its Board of Directors held on February 4, 2026, adopted the following resolution: A RESOLUTION OF THE KENTUCKY BOND DEVELOPMENT CORPORATION, AUTHORIZING THE ISSUANCE OF APPROXIMATELY $125,000,000 PRINCIPAL AMOUNT OF KENTUCKY BOND DEVELOPMENT CORPORATION HOSPITAL REVENUE BONDS, CITY OF SLAUGHTERS SERIES 2026 (BAPTIST HEALTH DEACONESS OBLIGATED GROUP), THE PROCEEDS OF WHICH SHALL BE LOANED TO BAPTIST HEALTH DEACONESS MADISONVILLE, INC. TO FINANCE THE ACQUISITION, CONSTRUCTION, INSTALLATION, AND EQUIPPING OF FACILITIES SUITABLE FOR USE IN FURTHERANCE OF THE HEALTHCARE PURPOSES OF THE CORPORATION AND ITS AFFILIATED ORGANIZATIONS; 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 BOND INDENTURE, A BOND PURCHASE AGREEMENT, AND A TAX REGULATORY AGREEMENT; AND AUTHORIZING OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS. The Resolution authorized the issuance by the Issuer of up to $125,000,000 of the Issuer's Hospital Revenue Bonds, City of Slaughters Series 2026 (Baptist Health Deaconess Obligated Group) (the "Bonds") to provide funds to make a loan to Baptist Health Deaconess Madisonville, Inc., a nonprofit corporation (the "Borrower"), the proceeds of which will be used by the Borrower to finance the costs of (i) the construction, renovation, and equipping of improvements to Baptist Health Deaconess Hospital, generally located at 900 Hospital Drive, Madisonville, Kentucky 42431, including, without limitation, improvements to the emergency department, behavioral health unit, surgical facilities, oncology facilities, and general infrastructure systems; (ii) capitalized interest; (iii) a debt service reserve; and (iv) costs of issuance of the Bonds. 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 one or more Loan and Security Agreements (collectively, the "Loan Agreements") by and between the Issuer and the Borrower. The Bonds are not a general obligation of the Issuer or the City of Slaughters, Kentucky (the "City"), but are special and limited obligations of the Issuer payable solely from the revenues and funds pledged therefor under the Loan Agreements securing the Bonds. The Bonds will not be payable from other revenues or assets of the Issuer or the City 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 the Bonds. Interest on the Bonds will be determined as set forth in one or more Trust Indentures by and among the Issuer and U.S. Bank National Association, as Trustee. The Resolution also authorizes the execution on behalf of the Issuer of additional various financing documents involved in the transaction, including one or more Tax Regulatory Agreements and related 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 The undersigned Attorney at Law, licensed to practice in Kentucky, hereby certifies that the foregoing title summary of a Resolution 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 ordinance is hereby made for a complete statement of its provisions and terms. By: /s/ Mark S. Franklin Dinsmore & Shohl LLP 101 South Fifth Street, Suite 2500 Louisville, Kentucky 40202 IPL0320542 Mar 10 2026