Document:

exv4w274

Exhibit 4-274

INDENTURE

DATED AS OF MARCH 1, 2011

 

THE DETROIT EDISON COMPANY

(One Energy Plaza, Detroit, Michigan 48226)

TO

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

(719 Griswold Street, Suite 930, Detroit, Michigan 48226)

AS TRUSTEE

 

SUPPLEMENTAL TO MORTGAGE AND DEED OF TRUST

DATED AS OF OCTOBER 1, 1924

PROVIDING FOR

(A) GENERAL AND REFUNDING MORTGAGE BONDS,

2011 SERIES AT

AND

(B) RECORDING AND FILING DATA

1

 

TABLE OF CONTENTS*

	 	 	 	 	 
	 	 	PAGE
	PARTIES
	 	 	3	 
	RECITALS
	 	 	3	 
	Original Indenture and Supplementals
	 	 	3	 
	Issue of Bonds Under Indenture
	 	 	3	 
	Bonds Heretofore Issued
	 	 	4	 
	Reason for Creation of New Series
	 	 	10	 
	Bonds to be 2011 Series AT
	 	 	11	 
	Further Assurance
	 	 	11	 
	Authorization of Supplemental Indenture
	 	 	11	 
	Consideration for Supplemental Indenture
	 	 	11	 
	PART I. CREATION OF THREE HUNDRED SIXTIETH SERIES OF BONDS, GENERAL AND REFUNDING
MORTGAGE BONDS, 2011 SERIES AT
	 	 	11	 
	Sec. 1. Terms of Bonds of 2011 Series AT
	 	 	11	 
	Sec. 2. Redemption of Bonds of 2011 Series AT
	 	 	14	 
	Sec. 3. Redemption of Bonds of 2011 Series AT in Event of Acceleration of
Monroe EDC Bonds
	 	 	14	 
	Sec. 4. Form of Bonds of 2011 Series AT
	 	 	15	 
	Form of Trustee’s Certificate
	 	 	19	 
	PART II. RECORDING AND FILING DATA
	 	 	19	 
	Recording and Filing of Original Indenture
	 	 	19	 
	Recording and Filing of Supplemental Indentures
	 	 	20	 
	Recording and Filing of Supplemental Indenture Dated as of December 1, 2010
	 	 	25	 
	Recording of Certificates of Provision for Payment
	 	 	25	 
	PART III. THE TRUSTEE
	 	 	26	 
	Terms and Conditions of Acceptance of Trust by Trustee
	 	 	26	 
	PART IV. MISCELLANEOUS
	 	 	26	 
	Confirmation of Section 318(c) of Trust Indenture Act
	 	 	26	 
	Execution in Counterparts
	 	 	27	 
	EXECUTION
	 	 	27	 
	Testimonium
	 	 	27	 
	Execution by Company
	 	 	28	 
	Acknowledgment of Execution by Company
	 	 	29	 
	Execution by Trustee
	 	 	30	 
	Acknowledgment of Execution by Trustee
	 	 	31	 
	Affidavit as to Consideration and Good Faith
	 	 	32	 

 

			
	*	 	This Table of Contents shall not have any bearing upon the interpretation of any of the terms
or provisions of this Indenture.

2

 

	 	 	 

	PARTIES.

	 	SUPPLEMENTAL INDENTURE, dated as of the 1st day of
March, in the year 2011, between THE DETROIT EDISON
COMPANY, a corporation organized and existing under the
laws of the State of Michigan and a public utility
(hereinafter called the “Company”), party of the first
part, and The Bank of New York Mellon Trust Company,
N.A., a trust company organized and existing under the
laws of the United States, having a corporate trust
agency office at 719 Griswold Street, Suite 930,
Detroit, Michigan 48226, as successor Trustee under the
Mortgage and Deed of Trust hereinafter mentioned
(hereinafter called the “Trustee”), party of the second
part.
	 
	 	 
	ORIGINAL INDENTURE AND
SUPPLEMENTALS.

	 	WHEREAS, the Company has heretofore executed and
delivered its Mortgage and Deed of Trust (hereinafter
referred to as the “Original Indenture”), dated as of
October 1, 1924, to the Trustee, for the security of all
bonds of the Company outstanding thereunder, and
pursuant to the terms and provisions of the Original
Indenture, indentures dated as of, respectively, June 1,
1925, August 1, 1927, February 1, 1931, June 1, 1931,
October 1, 1932, September 25, 1935, September 1, 1936,
November 1, 1936, February 1, 1940, December 1, 1940,
September 1, 1947, March 1, 1950, November 15, 1951,
January 15, 1953, May 1, 1953, March 15, 1954, May 15,
1955, August 15, 1957, June 1, 1959, December 1, 1966,
October 1, 1968, December 1, 1969, July 1, 1970,
December 15, 1970, June 15, 1971, November 15, 1971,
January 15, 1973, May 1, 1974, October 1, 1974, January
15, 1975, November 1, 1975, December 15, 1975, February
1, 1976, June 15, 1976, July 15, 1976, February 15,
1977, March 1, 1977, June 15, 1977, July 1, 1977,
October 1, 1977, June 1, 1978, October 15, 1978, March
15, 1979, July 1, 1979, September 1, 1979, September 15,
1979, January 1, 1980, April 1, 1980, August 15, 1980,
August 1, 1981, November 1, 1981, June 30, 1982, August
15, 1982, June 1, 1983, October 1, 1984, May 1, 1985,
May 15, 1985, October 15, 1985, April 1, 1986, August
15, 1986, November 30, 1986, January 31, 1987, April 1,
1987, August 15, 1987, November 30, 1987, June 15, 1989,
July 15, 1989, December 1, 1989, February 15, 1990,
November 1, 1990, April 1, 1991, May 1, 1991, May 15,
1991, September 1, 1991, November 1, 1991, January 15,
1992, February 29, 1992, April 15, 1992, July 15, 1992,
July 31, 1992, November 30, 1992, December 15, 1992,
January 1, 1993, March 1, 1993, March 15, 1993, April 1,
1993, April 26, 1993, May 31, 1993, June 30, 1993, June
30, 1993, September 15, 1993, March 1, 1994, June 15,
1994, August 15, 1994, December 1, 1994, August 1, 1995,
August 1, 1999, August 15, 1999, January 1, 2000, April
15, 2000, August 1, 2000, March 15, 2001, May 1, 2001,
August 15, 2001, September 15, 2001, September 17, 2002,
October 15, 2002, December 1, 2002, August 1, 2003,
March 15, 2004, July 1, 2004, February 1, 2005, April 1,
2005, August 1, 2005, September 15, 2005, September 30,
2005, May 15, 2006, December 1, 2006, December 1, 2007,
April 1, 2008, May 1, 2008, June 1, 2008, July 1, 2008,
October 1, 2008, December 1, 2008, March 15, 2009,
November 1, 2009, August 1, 2010, September 1, 2010 and
December 1, 2010 supplemental to the Original Indenture,
have heretofore been entered into between the Company
and the Trustee (the Original Indenture and all
indentures supplemental thereto together being
hereinafter sometimes referred to as the “Indenture”);
and
	 
	 	 
	ISSUE OF BONDS UNDER INDENTURE.

	 	WHEREAS, the Indenture provides that said bonds shall be
issuable in one or more series, and makes provision that
the rates of interest and dates for the payment thereof,
the date of maturity or dates of maturity, if of serial
maturity, the terms and rates of optional redemption (if
redeemable), the forms of

3

 

	 	 	 

	 

	 	registered bonds without
coupons of any series and any other provisions and
agreements in respect thereof, in the Indenture provided
and permitted, as the Board of Directors may determine,
may be expressed in a supplemental indenture to be made
by the Company to the Trustee thereunder; and
	 
	 	 
	BONDS HERETOFORE ISSUED.

	 	WHEREAS, bonds in the principal amount of Fourteen
billion thirty-four million seven hundred seven thousand
dollars ($14,034,707,000) have heretofore been issued
under the Indenture as follows, viz:

	 	 	 	 	 

	(1)

	 	Bonds of Series A
	 	— Principal Amount $26,016,000,
	 
	 	 	 	 
	(2)

	 	Bonds of Series B
	 	— Principal Amount $23,000,000,
	 
	 	 	 	 
	(3)

	 	Bonds of Series C
	 	— Principal Amount $20,000,000,
	 
	 	 	 	 
	(4)

	 	Bonds of Series D
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(5)

	 	Bonds of Series E
	 	— Principal Amount $15,000,000,
	 
	 	 	 	 
	(6)

	 	Bonds of Series F
	 	— Principal Amount $49,000,000,
	 
	 	 	 	 
	(7)

	 	Bonds of Series G
	 	— Principal Amount $35,000,000,
	 
	 	 	 	 
	(8)

	 	Bonds of Series H
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(9)

	 	Bonds of Series I
	 	— Principal Amount $60,000,000,
	 
	 	 	 	 
	(10)

	 	Bonds of Series J
	 	— Principal Amount $35,000,000,
	 
	 	 	 	 
	(11)

	 	Bonds of Series K
	 	— Principal Amount $40,000,000,
	 
	 	 	 	 
	(12)

	 	Bonds of Series L
	 	— Principal Amount $24,000,000,
	 
	 	 	 	 
	(13)

	 	Bonds of Series M
	 	— Principal Amount $40,000,000,
	 
	 	 	 	 
	(14)

	 	Bonds of Series N
	 	— Principal Amount $40,000,000,
	 
	 	 	 	 
	(15)

	 	Bonds of Series O
	 	— Principal Amount $60,000,000,
	 
	 	 	 	 
	(16)

	 	Bonds of Series P
	 	— Principal Amount $70,000,000,
	 
	 	 	 	 
	(17)

	 	Bonds of Series Q
	 	— Principal Amount $40,000,000,
	 
	 	 	 	 
	(18)

	 	Bonds of Series W
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(19)

	 	Bonds of Series AA
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(20)

	 	Bonds of Series BB
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(21)

	 	Bonds of Series CC
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(22)

	 	Bonds of Series UU
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(23-31)

	 	Bonds of Series DDP Nos. 1-9
	 	— Principal Amount $14,305,000,

4

 

	 	 	 	 	 

	(32-45)

	 	Bonds of Series FFR Nos. 1-14
	 	— Principal Amount $45,600,000,
	 
	 	 	 	 
	(46-67)

	 	Bonds of Series GGP Nos. 1-22
	 	— Principal Amount $42,300,000,
	 
	 	 	 	 
	(68)

	 	Bonds of Series HH
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(69-90)

	 	Bonds of Series IIP Nos. 1-22
	 	— Principal Amount $3,750,000,
	 
	 	 	 	 
	(91-98)

	 	Bonds of Series JJP Nos. 1-8
	 	— Principal Amount $6,850,000,
	 
	 	 	 	 
	(99-107)

	 	Bonds of Series KKP Nos. 1-9
	 	— Principal Amount $34,890,000,
	 
	 	 	 	 
	(108-122)

	 	Bonds of Series LLP Nos. 1-15
	 	— Principal Amount $8,850,000,
	 
	 	 	 	 
	(123-143)

	 	Bonds of Series NNP Nos. 1-21
	 	— Principal Amount $47,950,000,
	 
	 	 	 	 
	(144-161)

	 	Bonds of Series OOP Nos. 1-18
	 	— Principal Amount $18,880,000,
	 
	 	 	 	 
	(162-180)

	 	Bonds of Series QQP Nos. 1-19
	 	— Principal Amount $13,650,000,
	 
	 	 	 	 
	(181-195)

	 	Bonds of Series TTP Nos. 1-15
	 	— Principal Amount $3,800,000,
	 
	 	 	 	 
	(196)

	 	Bonds of 1980 Series A
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(197-221)

	 	Bonds of 1980 Series CP Nos. 1-25
	 	— Principal Amount $35,000,000,
	 
	 	 	 	 
	(222-232)

	 	Bonds of 1980 Series DP Nos. 1-11
	 	— Principal Amount $10,750,000,
	 
	 	 	 	 
	(233-248)

	 	Bonds of 1981 Series AP Nos. 1-16
	 	— Principal Amount $124,000,000,
	 
	 	 	 	 
	(249)

	 	Bonds of 1985 Series A
	 	— Principal Amount $35,000,000,
	 
	 	 	 	 
	(250)

	 	Bonds of 1985 Series B
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(251)

	 	Bonds of Series PP
	 	— Principal Amount $70,000,000,
	 
	 	 	 	 
	(252)

	 	Bonds of Series RR
	 	— Principal Amount $70,000,000,
	 
	 	 	 	 
	(253)

	 	Bonds of Series EE
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(254-255)

	 	Bonds of Series MMP and MMP No. 2
	 	— Principal Amount $5,430,000,
	 
	 	 	 	 
	(256)

	 	Bonds of Series T
	 	— Principal Amount $75,000,000,
	 
	 	 	 	 
	(257)

	 	Bonds of Series U
	 	— Principal Amount $75,000,000,
	 
	 	 	 	 
	(258)

	 	Bonds of 1986 Series B
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(259)

	 	Bonds of 1987 Series D
	 	— Principal Amount $250,000,000,

5

 

	 	 	 	 	 

	(260)

	 	Bonds of 1987 Series E
	 	— Principal Amount $150,000,000,
	 
	 	 	 	 
	(261)

	 	Bonds of 1987 Series C
	 	— Principal Amount $225,000,000,
	 
	 	 	 	 
	(262)

	 	Bonds of Series V
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(263)

	 	Bonds of Series SS
	 	— Principal Amount $150,000,000,
	 
	 	 	 	 
	(264)

	 	Bonds of 1980 Series B
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(265)

	 	Bonds of 1986 Series C
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(266)

	 	Bonds of 1986 Series A
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(267)

	 	Bonds of 1987 Series B
	 	— Principal Amount $175,000,000,
	 
	 	 	 	 
	(268)

	 	Bonds of Series X
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(269)

	 	Bonds of 1987 Series F
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(270)

	 	Bonds of 1987 Series A
	 	— Principal Amount $300,000,000,
	 
	 	 	 	 
	(271)

	 	Bonds of Series Y
	 	— Principal Amount $60,000,000,
	 
	 	 	 	 
	(272)

	 	Bonds of Series Z
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(273)

	 	Bonds of 1989 Series A
	 	— Principal Amount $300,000,000,
	 
	 	 	 	 
	(274)

	 	Bonds of 1984 Series AP
	 	— Principal Amount $2,400,000,
	 
	 	 	 	 
	(275)

	 	Bonds of 1984 Series BP
	 	— Principal Amount $7,750,000,
	 
	 	 	 	 
	(276)

	 	Bonds of Series R
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(277)

	 	Bonds of Series S
	 	— Principal Amount $150,000,000,
	 
	 	 	 	 
	(278)

	 	Bonds of 1993 Series D
	 	— Principal Amount $100,000,000,
	 
	 	 	 	 
	(279)

	 	Bonds of 1992 Series E
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(280)

	 	Bonds of 1993 Series B
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(281)

	 	Bonds of 1989 Series BP
	 	— Principal Amount $66,565,000,
	 
	 	 	 	 
	(282)

	 	Bonds of 1990 Series A
	 	— Principal Amount $194,649,000,
	 
	 	 	 	 
	(283)

	 	Bonds of 1990 Series D
	 	— Principal Amount $0,
	 
	 	 	 	 
	(284)

	 	Bonds of 1993 Series G
	 	— Principal Amount $225,000,000,
	 
	 	 	 	 
	(285)

	 	Bonds of 1993 Series K
	 	— Principal Amount $160,000,000,
	 
	 	 	 	 
	(286)

	 	Bonds of 1991 Series EP
	 	— Principal Amount $41,480,000,

6

 

	 	 	 	 	 

	(287)

	 	Bonds of 1993 Series H
	 	— Principal Amount $50,000,000,
	 
	 	 	 	 
	(288)

	 	Bonds of 1999 Series D
	 	— Principal Amount $40,000,000,
	 
	 	 	 	 
	(289)

	 	Bonds of 1991 Series FP
	 	— Principal Amount $98,375,000,
	 
	 	 	 	 
	(290)

	 	Bonds of 1992 Series BP
	 	— Principal Amount $20,975,000,
	 
	 	 	 	 
	(291)

	 	Bonds of 1992 Series D
	 	— Principal Amount $300,000,000,
	 
	 	 	 	 
	(292)

	 	Bonds of 1992 Series CP
	 	— Principal Amount $35,000,000,
	 
	 	 	 	 
	(293)

	 	Bonds of 1993 Series C
	 	— Principal Amount $225,000,000,
	 
	 	 	 	 
	(294)

	 	Bonds of 1993 Series E
	 	— Principal Amount $400,000,000,
	 
	 	 	 	 
	(295)

	 	Bonds of 1993 Series J
	 	— Principal Amount $300,000,000,
	 
	 	 	 	 
	(296-301)

	 	Bonds of Series KKP Nos. 10-15
	 	— Principal Amount $179,590,000,
	 
	 	 	 	 
	(302)

	 	Bonds of 1989 Series BP No. 2
	 	— Principal Amount $36,000,000,
	 
	 	 	 	 
	(303)

	 	Bonds of 1993 Series FP
	 	— Principal Amount $5,685,000,
	 
	 	 	 	 
	(304)

	 	Bonds of 1993 Series IP
	 	— Principal Amount $5,825,000,
	 
	 	 	 	 
	(305)

	 	Bonds of 1994 Series AP
	 	— Principal Amount $7,535,000,
	 
	 	 	 	 
	(306)

	 	Bonds of 1994 Series BP
	 	— Principal Amount $12,935,000,
	 
	 	 	 	 
	(307)

	 	Bonds of 1994 Series DP
	 	— Principal Amount $23,700,000,
	 
	 	 	 	 
	(308)

	 	Bonds of 1994 Series C
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(309)

	 	Bonds of 2000 Series A
	 	— Principal Amount $220,000,000,
	 
	 	 	 	 
	(310)

	 	Bonds of 2005 Series A
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(311)

	 	Bonds of 1995 Series AP
	 	— Principal Amount $97,000,000,
	 
	 	 	 	 
	(312)

	 	Bonds of 1995 Series BP
	 	— Principal Amount $22,175,000,
	 
	 	 	 	 
	(313)

	 	Bonds of 2001 Series D
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(314)

	 	Bonds of 2005 Series B
	 	— Principal Amount $200,000,000,
	 
	 	 	 	 
	(315)

	 	Bonds of 2006 Series CT
	 	— Principal Amount $68,500,000,
	 
	 	 	 	 
	(316)

	 	Bonds of 2005 Series DT
	 	— Principal Amount $119,175,000,
	 
	 	 	 	 
	(317)

	 	Bonds of 1991 Series AP
	 	— Principal Amount $32,375,000,
	 
	 	 	 	 
	(318)

	 	Bonds of 2008 Series DT
	 	— Principal Amount $68,500,000,

7

 

	 	 	 	 	 

	(319)

	 	Bonds of 1993 Series AP
	 	— Principal Amount $65,000,000, and
	 
	 	 	 	 
	(320)

	 	Bonds of 2001 Series E
	 	— Principal Amount $500,000,000,

	 	 	 

	 

	 	all of which have either been retired and cancelled, or no longer represent
obligations of the Company, having matured or having been called for
redemption and funds necessary to effect the payment, redemption and
retirement thereof having been deposited with the Trustee as a special trust
fund to be applied for such purpose;
	 
	 	 
	(321)

	 	Bonds of 1990 Series B in the principal amount of Two hundred fifty-six
million nine hundred thirty-two thousand dollars ($256,932,000) of which One
hundred ninety-nine million eight hundred thirty-six thousand dollars
($199,836,000) principal amount have heretofore been retired;
	 
	 	 
	(322)

	 	Bonds of 1990 Series C in the principal amount of Eighty-five million four
hundred seventy-five thousand dollars ($85,475,000) of which Seventy-one
million seven hundred ninety-nine thousand dollars ($71,799,000) principal
amount have heretofore been retired;
	 
	 	 
	(323)

	 	INTENTIONALLY RESERVED FOR 1990 SERIES E;
	 
	 	 
	(324)

	 	INTENTIONALLY RESERVED FOR 1990 SERIES F;
	 
	 	 
	(325)

	 	Bonds of 1991 Series BP in the principal amount of Twenty-five million nine
hundred ten thousand dollars ($25,910,000), all of which are outstanding at
the date hereof;
	 
	 	 
	(326)

	 	Bonds of 1991 Series CP in the principal amount of Thirty-two million eight
hundred thousand dollars ($32,800,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(327)

	 	Bonds of 1991 Series DP in the principal amount of Thirty-seven million six
hundred thousand dollars ($37,600,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(328)

	 	Bonds of 1992 Series AP in the principal amount of Sixty-six million dollars
($66,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(329)

	 	Bonds of 1999 Series AP in the principal amount of One hundred eighteen
million three hundred sixty thousand dollars ($118,360,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(330)

	 	Bonds of 1999 Series BP in the principal amount of Thirty-nine million seven
hundred forty-five thousand dollars ($39,745,000), all of which are
outstanding of the date hereof;
	 
	 	 
	(331)

	 	Bonds of 1999 Series CP in the principal amount of Sixty-six million five
hundred sixty-five thousand dollars ($66,565,000), all of which are
outstanding at the date hereof;

8

 

	 	 	 

	(332)

	 	Bonds of 2000 Series B in the principal amount of Fifty million seven hundred
forty-five thousand dollars ($50,745,000), all of which are outstanding at
the date hereof;
	 
	 	 
	(333)

	 	Bonds of 2001 Series AP in the principal amount of Thirty-one million
($31,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(334)

	 	Bonds of 2001 Series BP in the principal amount of Eighty-two million three
hundred fifty thousand ($82,350,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(335)

	 	Bonds of 2001 Series CP in the principal amount of One hundred thirty-nine
million eight hundred fifty-five thousand dollars ($139,855,000), all of
which are outstanding at the date hereof;
	 
	 	 
	(336)

	 	Bonds of 2002 Series A in the principal amount of Two hundred twenty-five
million dollars ($225,000,000), all of which are outstanding at the date
hereof;
	 
	 	 
	(337)

	 	Bonds of 2002 Series B in the principal amount of Two hundred twenty-five
million dollars ($225,000,000), all of which are outstanding at the date
hereof;
	 
	 	 
	(338)

	 	Bonds of 2002 Series C in the principal amount of Sixty-four million three
hundred thousand dollars ($64,300,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(339)

	 	Bonds of 2002 Series D in the principal amount of Fifty-five million nine
hundred seventy-five thousand dollars ($55,975,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(340)

	 	Bonds of 2003 Series A in the principal amount of Forty-nine million dollars
($49,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(341)

	 	Bonds of 2004 Series A in the principal amount of Thirty-six million dollars
($36,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(342)

	 	Bonds of 2004 Series B in the principal amount of Thirty-one million nine
hundred eighty thousand dollars ($31,980,000), all of which are outstanding
at the date hereof;
	 
	 	 
	(343)

	 	Bonds of 2004 Series D in the principal amount of Two hundred million dollars
($200,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(344)

	 	Bonds of 2005 Series AR in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(345)

	 	Bonds of 2005 Series BR in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(346)

	 	Bonds of 2005 Series C in the principal amount of One hundred million dollars
($100,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(347)

	 	Bonds of 2005 Series E in the principal amount of Two hundred fifty million
dollars ($250,000,000), all of which are outstanding at the date hereof;

9

 

	 	 	 

	(348)

	 	Bonds of 2006 Series A in the principal amount of Two hundred fifty million
dollars ($250,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(349)

	 	Bonds of 2007 Series A in the principal amount of Fifty million dollars
($50,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(350)

	 	Bonds of 2008 Series ET in the principal amount of One hundred nineteen
million one hundred seventy-five thousand dollars ($119,175,000), all of
which are outstanding at the date hereof;
	 
	 	 
	(351)

	 	Bonds of 2008 Series G in the principal amount of Three hundred million
dollars ($300,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(352)

	 	Bonds of 2008 Series KT in the principal amount of Thirty-two million three
hundred seventy-five thousand dollars ($32,375,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(353)

	 	Bonds of 2008 Series J in the principal amount of Two hundred fifty million
dollars ($250,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(354)

	 	Bonds of 2008 Series LT in the principal amount of Fifty million dollars
($50,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(355)

	 	Bonds of 2009 Series BT in the principal amount of Sixty-eight million five
hundred thousand dollars ($68,500,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(356)

	 	Bonds of 2009 Series CT in the principal amount of Sixty-five million dollars
($65,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(357)

	 	Bonds of 2010 Series B in the principal amount of Three hundred million
dollars ($300,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(358)

	 	Bonds of 2010 Series A in the principal amount of Three hundred million
dollars ($300,000,000), all of which are outstanding at the date hereof; and
	 
	 	 
	(359)

	 	Bonds of 2010 Series CT in the principal amount of Nineteen million eight
hundred fifty-five thousand dollars ($19,855,000), all of which are
outstanding at the date hereof; and
	 
	 	 
	 

	 	accordingly, the Company has issued and has presently outstanding Four
billion two hundred three million eight hundred sixty-two thousand dollars
($4,203,862,000) aggregate principal amount of its General and Refunding
Mortgage Bonds (the “Bonds”) at the date hereof.
	 
	 	 

	 	 	 

	REASON FOR
CREATION OF
NEW SERIES.

	 	WHEREAS, the Company will enter into a First Amendment
to Loan Agreement, dated as of April 1, 2011, with The
Economic Development Corporation of the County of
Monroe, State of Michigan amending the Loan Agreement
dated as of April 1, 1992 relating to the issuance of
the Adjustable Rate Demand Limited Obligation Refunding
Revenue Bonds (The Detroit Edison Company Pollution
Control Bonds Project). Series 1992-CC, and pursuant to
such Loan Agreement, as amended, the Company has agreed
to issue its General and Refunding Mortgage Bonds under
the Indenture in order

10

 

	 	 	 

	 

	 	further to secure the Company’s
obligations under the Loan Agreement; and
	 
	 	 
	BONDS TO BE 2011 SERIES AT.

	 	WHEREAS, for such purpose the Company desires by this
Supplemental Indenture to create a new series of bonds,
to be designated “General and Refunding Mortgage Bonds,
2011 Series AT,” in the aggregate principal amount of
Thirty-one million dollars ($31,000,000), to be
authenticated and delivered pursuant to Section 8 of
Article III of the Indenture; and
	 
	 	 
	FURTHER ASSURANCE.

	 	WHEREAS, the Original Indenture, by its terms, includes
in the property subject to the lien thereof all of the
estates and properties, real, personal and mixed,
rights, privileges and franchises of every nature and
kind and wheresoever situate, then or thereafter owned
or possessed by or belonging to the Company or to which
it was then or at any time thereafter might be entitled
in law or in equity (saving and excepting, however, the
property therein specifically excepted or released from
the lien thereof), and the Company therein covenanted
that it would, upon reasonable request, execute and
deliver such further instruments as may be necessary or
proper for the better assuring and confirming unto the
Trustee all or any part of the trust estate, whether
then or thereafter owned or acquired by the Company
(saving and excepting, however, property specifically
excepted or released from the lien thereof); and
	 
	 	 
	AUTHORIZATION OF SUPPLEMENTAL
INDENTURE.

	 	WHEREAS, the Company in the exercise of the powers and
authority conferred upon and reserved to it under and by
virtue of the provisions of the Indenture, and pursuant
to resolutions of its Board of Directors, has duly
resolved and determined to make, execute and deliver to
the Trustee a supplemental indenture in the form hereof
for the purposes herein provided; and
	 
	 	 
	 

	 	WHEREAS, all conditions and requirements necessary to
make this Supplemental Indenture a valid and legally
binding instrument in accordance with its terms have
been done, performed and fulfilled, and the execution
and delivery hereof have been in all respects duly
authorized;
	 
	 	 
	CONSIDERATION FOR SUPPLEMENTAL
INDENTURE.

	 	NOW, THEREFORE, THIS INDENTURE WITNESSETH: That The
Detroit Edison Company, in consideration of the premises
and of the covenants contained in the Indenture and of
the sum of One Dollar ($1.00) and other good and
valuable consideration to it duly paid by the Trustee at
or before the ensealing and delivery of these presents,
the receipt whereof is hereby acknowledged, hereby
covenants and agrees to and with the Trustee and its
successors in the trusts under the Original Indenture
and in said indentures supplemental thereto as follows:
	 
	 	 
	 

	 	PART I.
	 
	 	 
	 

	 	CREATION OF THREE HUNDRED SIXTIETH

SERIES OF BONDS,

GENERAL AND REFUNDING MORTGAGE BONDS,

2011 SERIES AT

	 	 	 

	TERMS OF BONDS OF
2011 SERIES AT.

	 	SECTION 1. The Company hereby creates the three hundred sixtieth series of bonds to
be issued under and secured by the Original Indenture as amended to date and as
further amended by this Supplemental Indenture, to be designated, and to be
distinguished from the bonds of all other series, by the title “General

11

 

	 	 	 

	 

	 	and
Refunding Mortgage Bonds, 2011 Series AT” (elsewhere herein referred to as the
“bonds of 2011 Series AT”). The aggregate principal amount of bonds of 2011 Series
AT shall be limited to Thirty-one million dollars ($31,000,000), except as provided
in Sections 7 and 13 of Article II of the Original Indenture with respect to
exchanges and replacements of bonds.
	 
	 	 
	 

	 	Each bond of 2011 Series AT is to be irrevocably assigned to, and registered in the
name of, The Bank of New York Mellon Trust Company, N.A., as trustee, or a successor
trustee (said trustee or any successor trustee being hereinafter referred to as the
“Monroe EDC Indenture Trustee”), under the Trust Indenture, dated as of April 1,
1992, as supplemented by Supplemental Indenture Number 1 dated as of April 1, 2011
(the “Monroe EDC Indenture”), between The Economic Development Corporation of the
County of Monroe, State of Michigan (the “Monroe EDC”) and the Monroe EDC Indenture
Trustee, to secure payment of the The Economic Development Corporation of the County
of Monroe, State of Michigan Adjustable Rate Demand Limited Obligation Refunding
Revenue Bonds (The Detroit Edison Company Pollution Control Bonds Project), Series
1992-CC (the “Monroe EDC Bonds”), issued by the Monroe EDC under the Monroe EDC
Indenture, the proceeds of which were loaned to the Company pursuant to the
provisions of the Loan Agreement dated as of April 1, 1992, as amended by the First
Amendment to Loan Agreement dated as of April 1, 2011 (the “Loan Agreement”).
	 
	 	 
	 

	 	The bonds of 2011 Series AT shall be issued as registered bonds without coupons in
denominations of a multiple of $5,000. The bonds of 2011 Series AT shall be issued
in the aggregate principal amount of $31,000,000, shall mature on October 1, 2024
(subject to earlier redemption or release) and shall bear interest at the rate of
interest established for the Monroe EDC Bonds from time to time in accordance with
the Monroe EDC Indenture, payable on such dates as interest shall be payable on the
Monroe EDC Bonds, until the principal thereof shall have become due and payable and
thereafter until the Company’s obligation with respect to the payment of said
principal shall have been discharged as provided in the Indenture. In addition to
the payment of principal and interest as provided herein, in the event any premium
(as provided for in the Monroe EDC Indenture) shall be required to be paid by the
Company on the Monroe EDC Bonds, there shall be due and payable on the bonds of 2011
Series AT an additional amount equal to such premium which shall be paid by the
Company in the amounts and on the dates required for the payment of any such amounts
under the Monroe EDC Indenture.
	 
	 	 
	 

	 	The bonds of 2011 Series AT shall be payable as to principal, premium, if any, and
interest as provided in the Indenture, but only to the extent and in the manner
herein provided. The bonds of 2011 Series AT shall be payable, as to principal,
premium, if any, and interest, at the office or agency of the Company in the Borough
of Manhattan, the City and State of New York, in any coin or currency of the United
States of America which at the time of payment is legal tender for public and
private debts.
	 
	 	 
	 

	 	Except as provided herein, each bond of 2011 Series AT shall be dated the date of
its authentication and interest shall be payable on the principal represented
thereby from the next preceding date to which interest has been paid on bonds of
2011 Series AT, unless the bond is authenticated on a date to which interest has
been paid, in which case interest shall be payable from the date of authentication,
or unless the date of authentication is prior to the first date on

12

 

	 	 	 

	 

	 	which interest is
payable on the Monroe EDC Bonds, in which case interest shall be payable from April
1, 2011.
	 
	 	 
	 

	 	The bonds of 2011 Series AT in definitive form shall be, at the election of the
Company, fully engraved or shall be lithographed or printed in authorized
denominations as aforesaid and numbered R-1 and upwards (with such further
designation as may be appropriate and desirable to indicate by such designation the
form, series and denomination of bonds of 2011 Series AT). Until bonds of 2011
Series AT in definitive form are ready for delivery, the Company may execute, and
upon its request in writing the Trustee shall authenticate and deliver in lieu
thereof, bonds of 2011 Series AT in temporary form, as provided in Section 10 of
Article II of the Indenture. Temporary bonds of 2011 Series AT, if any, may be
printed and may be issued in authorized denominations in substantially the form of
definitive bonds of 2011 Series AT, but without a recital of redemption prices and
with such omissions, insertions and variations as may be appropriate for temporary
bonds, all as may be determined by the Company.
	 
	 	 
	 

	 	Interest on any bond of 2011 Series AT that is payable on any interest payment date
and is punctually paid or duly provided for shall be paid to the person in whose
name that bond, or any previous bond to the extent evidencing the same debt as that
evidenced by that bond, is registered at the close of business on the regular record
date for such interest, which regular record date shall be the record date for the
Monroe EDC Bonds with respect to such interest payment date. If the Company shall
default in the payment of the interest due on any interest payment date on the
principal represented by any bond of 2011 Series AT, such defaulted interest shall
forthwith cease to be payable to the registered holder of that bond on the relevant
regular record date by virtue of his having been such holder, and such defaulted
interest may be paid to the registered holder of that bond (or any bond or bonds of
2011 Series AT issued upon transfer or exchange thereof) on the date of payment of
such defaulted interest or, at the election of the Company, to the person in whose
name that bond (or any bond or bonds of 2011 Series AT issued upon transfer or
exchange thereof) is registered on a subsequent record date established by notice
given by mail by or on behalf of the Company to the holders of bonds of 2011 Series
AT not less than ten (10) days preceding such subsequent record date, which
subsequent record date shall be at least five (5) days prior to the payment date of
such defaulted interest.
	 
	 	 
	 

	 	Bonds of 2011 Series AT shall not be assignable or transferable except as may be set
forth under Section 1102 of the Monroe EDC Indenture, or, subject to compliance with
applicable law, as may be involved in the course of the exercise of rights and
remedies consequent upon an Event of Default under the Monroe EDC Indenture. Any
such transfer shall be made upon surrender thereof for cancellation at the office or
agency of the Company in the Borough of Manhattan, the City and State of New York,
together with a written instrument of transfer (if so required by the Company or by
the Trustee) in form approved by the Company duly executed by the holder or by its
duly authorized attorney. Bonds of 2011 Series AT shall in the same manner be
exchangeable for a like aggregate principal amount of bonds of 2011 Series AT upon
the terms and conditions specified herein and in Section 7 of Article II of the
Indenture. The Company waives its rights under Section 7 of Article II of the
Indenture not to make exchanges or transfers of bonds of 2011 Series AT during any
period of ten (10) days next preceding any redemption date for

13

 

	 	 	 

	 

	 	such bonds.
	 
	 	 
	 

	 	Bonds of 2011 Series AT, in definitive and temporary form, may bear such legends as
may be necessary to comply with any law or with any rules or regulations made
pursuant thereto or as may be specified in the Monroe EDC Indenture.
	 
	 	 
	 

	 	Upon payment of the principal or premium, if any, or interest on the Monroe EDC
Bonds, whether at maturity or prior to maturity by redemption or otherwise, or upon
provision for the payment thereof having been made in accordance with Section 204 of
the Monroe EDC Indenture, bonds of 2011 Series AT in a principal amount equal to the
principal amount of such Monroe EDC Bonds, shall, to the extent of such payment of
principal, premium or interest, be deemed fully paid and the obligation of the
Company thereunder to make such payment shall forthwith cease and be discharged,
and, in the case of the payment of principal and premium, if any, such bonds shall
be surrendered for cancellation or presented for appropriate notation to the
Trustee.
	 
	 	 
	 

	 	In the event the Company desires to provide for the payment of bonds of 2011 Series
AT, in lieu of defeasing such bonds in accordance with the Indenture, it shall
either redeem an equal principal amount of Monroe EDC Bonds or take such action as
shall be required by Section 204 of the Monroe EDC Indenture to defease an equal
principal amount of Monroe EDC Bonds.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2011 Series
AT, whether at maturity or prior to maturity by redemption or upon acceleration or
otherwise, in a circumstance where there has not been a corresponding payment of
principal of Monroe EDC Bonds shall be applied simultaneously to the redemption or
defeasance of an equal principal amount of Monroe EDC Bonds in accordance with the
Monroe EDC Indenture. In the event the amount so paid is insufficient to provide
for such redemption or defeasance, the Company shall pay such additional amount as
shall be necessary to make up for the deficiency.
	 
	 	 
	REDEMPTION OF BONDS
OF 2011 SERIES AT.

	 	SECTION 2. Bonds of 2011 Series AT shall be redeemed on the respective dates and in
the respective principal amounts which correspond to the redemption dates for, and
the principal amounts to be redeemed of, the Monroe EDC Bonds.
	 
	 	 
	 

	 	In the event the Company elects to redeem any Monroe EDC Bonds prior to maturity in
accordance with the provisions of the Monroe EDC Indenture, the Company shall give
the Trustee notice of redemption of bonds of 2011Series AT on the same date as it
gives notice of redemption of Monroe EDC Bonds to the Monroe EDC Indenture Trustee.
	 
	 	 
	REDEMPTION OF BONDS
OF 2011 SERIES AT
IN EVENT OF
ACCELERATION OF
MONROE EDC BONDS.

	 	SECTION 3. In the event of an Event of Default under the Monroe EDC Indenture and
the acceleration of all Monroe EDC Bonds, the bonds of 2011 Series AT shall be
redeemable in whole upon receipt by the Trustee of a written demand (hereinafter
called a “Redemption Demand”) from the Monroe EDC Indenture Trustee stating that
there has occurred under the Monroe EDC Indenture both an Event of Default and a
declaration of acceleration of payment of principal, accrued interest and premium,
if any, on the Monroe EDC Bonds, specifying the last date to which interest on the
Monroe EDC Bonds has been paid (such date being hereinafter referred to as the
“Initial

14

 

	 	 	 

	 

	 	Interest Accrual Date”) and demanding redemption of the bonds of said
series. The Trustee shall, within five (5) days after receiving such Redemption
Demand, mail a copy thereof to the Company marked to indicate the date of its
receipt by the Trustee. Promptly upon receipt by the Company of such copy of a
Redemption Demand, the Company shall fix a date on which it will redeem the bonds of
said series so demanded to be redeemed (hereinafter called the “Demand Redemption
Date”). Notice of the date fixed as the Demand Redemption Date shall be mailed by
the Company to the Trustee at least ten (10) days prior to such Demand Redemption
Date. The date to be fixed by the Company as and for the Demand Redemption Date may
be any date up to and including the earlier of (x) the 60th day after receipt by the
Trustee of the Redemption Demand or (y) the maturity date of such bonds first
occurring following the 20th day after the receipt by the Trustee of the Redemption
Demand; provided, however, that if the Trustee shall not have received such notice
fixing the Demand Redemption Date on or before the 10th day preceding the earlier of
such dates, the Demand Redemption Date shall be deemed to be the earlier of such
dates. The Trustee shall mail notice of the Demand Redemption Date (such notice
being hereinafter called the “Demand Redemption Notice”) to the Monroe EDC Indenture
Trustee not more than ten (10) nor less than five (5) days prior to the Demand
Redemption Date.
	 
	 	 
	 

	 	Each bond of 2011 Series AT shall be redeemed by the Company on the Demand
Redemption Date therefor upon surrender thereof by the Monroe EDC Indenture Trustee
to the Trustee at a redemption price equal to the principal amount thereof plus
accrued interest thereon at the rate specified for such bond from the Initial
Interest Accrual Date to the Demand Redemption Date plus an amount equal to the
aggregate premium, if any, due and payable on such Demand Redemption Date on all
Monroe EDC Bonds; provided, however, that in the event of a receipt by the Trustee
of a notice that, pursuant to Section 606 of the Monroe EDC Indenture, the Monroe
EDC Indenture Trustee has terminated proceedings to enforce any right under the
Monroe EDC Indenture, then any Redemption Demand shall thereby be rescinded by the
Monroe EDC Indenture Trustee, and no Demand Redemption Notice shall be given, or, if
already given, shall be automatically annulled; but no such rescission or annulment
shall extend to or affect any subsequent default or impair any right consequent
thereon.
	 
	 	 
	 

	 	Anything herein contained to the contrary notwithstanding, the Trustee is not
authorized to take any action pursuant to a Redemption Demand and such Redemption
Demand shall be of no force or effect, unless it is executed in the name of the
Monroe EDC Indenture Trustee by its President or one of its Vice Presidents.
	 
	 	 
	FORM 

OF BONDS OF

	 	SECTION 4. The bonds of 2011 Series AT and the form of Trustee’s Certificate to be
endorsed on such bonds shall be substantially in the following forms, respectively:
	2011 SERIES AT.
	 	 
	 
	 	 
	 

	 	THE DETROIT EDISON COMPANY

GENERAL AND REFUNDING MORTGAGE BOND

2011 SERIES AT
	 
	 	 
	 

	 	Notwithstanding any provisions hereof or in the Indenture, this bond is not
assignable or transferable except as may be required to effect a transfer to any
successor trustee under the Trust Indenture, dated as of April 1, 1992, as

15

 

	 	 	 
	 
	 	supplemented by Supplemental Indenture Number 1 dated as of April 1, 2011 between
The Economic Development Corporation of the County of Monroe, State of Michigan and
The Bank of New York Mellon Trust Company, N.A., as Monroe EDC Indenture Trustee,
or, subject to compliance with applicable law, as may be involved in the course of
the exercise of rights and remedies consequent upon an Event of Default under said
Trust Indenture.
	 
	 	 
	 
	 	$                    
	 
	 
	 	No. R-___
	 
	 
	 	THE DETROIT EDISON COMPANY (hereinafter called the “Company”), a corporation of the
State of Michigan, for value received, hereby promises to pay to The Bank of New
York Mellon Trust Company, N.A., as Monroe EDC Indenture Trustee, or registered
assigns, at the Company’s office or agency in the Borough of Manhattan, the City and
State of New York, the principal sum of                     
                     Dollars ($                    )
in lawful money of the United States of America on October 1, 2024 (subject to
earlier redemption or release) and interest thereon at the rate of interest
established for the Monroe EDC Bonds from time to time in accordance with the Monroe
EDC Indenture, in like lawful money, from April 1, 2011, and after the first payment
of interest on bonds of this Series has been made or otherwise provided for, from
the most recent date to which interest has been paid or otherwise provided for, on
such dates as interest shall be payable on the Monroe EDC Bonds, until the Company’s
obligation with respect to payment of said principal shall have been discharged, all
as provided, to the extent and in the manner specified in the Indenture hereinafter
mentioned and in the supplemental indenture pursuant to which this bond has been
issued. In addition to the payment of principal and interest on bonds of this
Series, in the event any premium (as provided for in the Monroe EDC Indenture
hereinafter referred to) shall be required to be paid by the Company on the Monroe
EDC Bonds, there shall be due and payable on the bonds of this Series an additional
amount equal to such premium which shall be paid by the Company in the amounts and
on the dates required for the payment of any such amounts under the Monroe EDC
Indenture.
	 
	 	 
	 
	 	Under a Trust Indenture, dated as of April 1, 1992, as supplemented by Supplemental
Indenture Number 1 dated as of April 1, 2011 (hereinafter called the “Monroe EDC
Indenture”), between The Economic Development Corporation of the County of Monroe,
State of Michigan (the “Monroe EDC”) and The Bank of New York Mellon Trust Company,
N.A., as trustee (hereinafter called the “Monroe EDC Indenture Trustee”), the Monroe
EDC has issued its Adjustable Rate Demand Limited Obligation Refunding Revenue Bonds
(The Detroit Edison Company Pollution Control Bonds Project), Series 1992-CC (the
“Monroe EDC Bonds”). This bond was originally issued to the Monroe EDC and
simultaneously irrevocably assigned to the Monroe EDC Indenture Trustee so as to
secure the Company’s obligations under the Loan Agreement. Payments of principal
of, or premium (as provided for in the Monroe EDC Indenture), if any, or interest
on, the Monroe EDC Bonds shall constitute like payments on this bond as further
provided herein and in the supplemental indenture pursuant to which this bond has
been issued.
	 
	 	 
	 
	 	This bond is one of an authorized issue of bonds of the Company, unlimited as to
amount except as provided in the Indenture hereinafter mentioned or any indentures
supplemental thereto, and is one of a series of General and Refunding Mortgage Bonds
known as 2011 Series AT, limited to an aggregate

16

 

	 	 	 

	 

	 	principal amount of $31,000,000,
except as otherwise provided in the Indenture hereinafter mentioned. This bond and
all other bonds of said series are issued and to be issued under, and are all
equally and ratably secured (except insofar as any sinking, amortization,
improvement or analogous fund, established in accordance with the provisions of the
Indenture hereinafter mentioned, may afford additional security for the bonds of any
particular series and except as provided in Section 3 of Article VI of said
Indenture) by an Indenture, dated as of October 1, 1924, duly executed by the
Company to The Bank of New York Mellon Trust Company, N.A., as successor Trustee, to
which Indenture and all indentures supplemental thereto (including the Supplemental
Indenture dated as of March 1, 2011) reference is hereby made for a description of
the properties and franchises mortgaged and conveyed, the nature and extent of the
security, the terms and conditions upon which the bonds are issued and under which
additional bonds may be issued, and the rights of the holders of the bonds and of
the Trustee in respect of such security (which Indenture and all indentures
supplemental thereto, including the Supplemental Indenture dated as of March 1,
2011, are hereinafter collectively called the “Indenture”). As provided in the
Indenture, said bonds may be for various principal sums and are issuable in series,
which may mature at different times, may bear interest at different rates and may
otherwise vary as in said Indenture provided. With the consent of the Company and
to the extent permitted by and as provided in the Indenture, the rights and
obligations of the Company and of the holders of the bonds and the terms and
provisions of the Indenture, or of any indenture supplemental thereto, may be
modified or altered in certain respects by affirmative vote of at least eighty-five
percent (85%) in amount of the bonds then outstanding, and, if the rights of one or
more, but less than all, series of bonds then outstanding are to be affected by the
action proposed to be taken, then also by affirmative vote of at least eighty-five
percent (85%) in amount of the series of bonds so to be affected (excluding in every
instance bonds disqualified from voting by reason of the Company’s interest therein
as specified in the Indenture); provided, however, that, without the consent of the
holder hereof, no such modification or alteration shall, among other things, affect
the terms of payment of the principal of or the interest on this bond, which in
those respects is unconditional.
	 
	 	 
	 

	 	This bond is redeemable upon the terms and conditions set forth in the Indenture,
including provision for redemption upon demand of the Monroe EDC Indenture Trustee
following the occurrence of an Event of Default under the Monroe EDC Indenture and
the acceleration of the principal of the Monroe EDC Bonds.
	 
	 	 
	 

	 	Under the Indenture, funds may be deposited with the Trustee (which shall have
become available for payment), in advance of the redemption date of any of the bonds
of 2011 Series AT (or portions thereof), in trust for the redemption of such bonds
(or portions thereof) and the interest due or to become due thereon, and thereupon
all obligations of the Company in respect of such bonds (or portions thereof) so to
be redeemed and such interest shall cease and be discharged, and the holders thereof
shall thereafter be restricted exclusively to such funds for any and all claims of
whatsoever nature on their part under the Indenture or with respect to such bonds
(or portions thereof) and interest.
	 
	 	 
	 

	 	In the event the Company desires to provide for the payment of bonds of 2011

17

 

	 	 	 

	 

	 	Series
AT, in lieu of defeasing such bonds in accordance with the Indenture, it shall
either redeem an equal principal amount of Monroe EDC Bonds or take such action as
shall be required by Section 204 of the Monroe EDC Indenture to defease an equal
principal amount of Monroe EDC Bonds.
	 
	 	 
	 

	 	In case an event of default, as defined in the Indenture, shall occur, the principal
of all the bonds issued thereunder may become or be declared due and payable, in the
manner, with the effect and subject to the conditions provided in the Indenture.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2011 Series
AT, whether at maturity or prior to maturity by redemption or otherwise, in a
circumstance where there has not been a corresponding payment of principal of Monroe
EDC Bonds shall be applied simultaneously to the redemption or defeasance of an
equal principal amount of Monroe EDC Bonds in accordance with the Monroe EDC
Indenture.
	 
	 	 
	 

	 	Upon payment of the principal of, or premium, if any, or interest on, the Monroe EDC
Bonds, whether at maturity or prior to maturity by redemption or otherwise or upon
provision for the payment thereof having been made in accordance with Section 204 of
the Monroe EDC Indenture, bonds of 2011 Series AT in a principal amount equal to the
principal amount of such Monroe EDC Bonds, and having both a corresponding maturity
date and interest rate shall, to the extent of such payment of principal, premium or
interest, be deemed fully paid and the obligation of the Company thereunder to make
such payment shall forthwith cease and be discharged, and, in the case of the
payment of principal and premium, if any, such bonds of said series shall be
surrendered for cancellation or presented for appropriate notation to the Trustee.
	 
	 	 
	 

	 	This bond is not assignable or transferable except as set forth under Section 1102
of the Monroe EDC Indenture, or, subject to compliance with applicable law, as may
be involved in the course of the exercise of rights and remedies consequent upon an
Event of Default under the Monroe EDC Indenture. Any such transfer shall be made by
the registered holder hereof, in person or by his attorney duly authorized in
writing, on the books of the Company kept at its office or agency in the Borough of
Manhattan, the City and State of New York, upon surrender and cancellation of this
bond, and thereupon, a new registered bond of the same series of authorized
denominations for a like aggregate principal amount will be issued to the transferee
in exchange therefor, and this bond with others in like form may in like manner be
exchanged for one or more new bonds of the same series of other authorized
denominations, but of the same aggregate principal amount, all as provided and upon
the terms and conditions set forth in the Indenture, and upon payment, in any event,
of the charges prescribed in the Indenture.
	 
	 	 
	 

	 	No recourse shall be had for the payment of the principal of or the interest on this
bond, or for any claim based hereon or otherwise in respect hereof or of the
Indenture, or of any indenture supplemental thereto, against any incorporator, or
against any past, present or future stockholder, director or officer, as such, of
the Company, or of any predecessor or successor corporation, either directly or
through the Company or any such predecessor or successor corporation, whether for
amounts unpaid on stock subscriptions or by virtue of any constitution, statute or
rule of law, or by the enforcement of

18

 

	 	 	 

	 

	 	any assessment or penalty or otherwise
howsoever; all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released by every holder or
owner hereof, as more fully provided in the Indenture.
	 
	 	 
	 

	 	This bond shall not be valid or become obligatory for any purpose until The Bank of
New York Mellon Trust Company, N.A., the Trustee under the Indenture, or its
successor thereunder, shall have signed the form of certificate endorsed hereon.
	 
	 	 
	 

	 	IN WITNESS WHEREOF, THE DETROIT EDISON COMPANY has caused this instrument to be
executed by an authorized officer, with his or her manual or facsimile signatures,
and its corporate seal, or a facsimile thereof, to be impressed or imprinted hereon
and the same to be attested by its Corporate Secretary or Assistant Corporate
Secretary by manual or facsimile signature.

	 	 	 	 	 	 	 	 	 	 	 

	 

	 	Dated:	 	 	 	 	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	THE DETROIT EDISON COMPANY	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	[Corporate Seal]	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Attest:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 

	 	 	[FORM OF TRUSTEE’S CERTIFICATE]	 	 
	 
	 	 	 	 	 	 	 	 
	FORM OF TRUSTEE’S
CERTIFICATE.	 	This bond is one of the bonds, of the series designated therein, described in the
within-mentioned Indenture.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	THE BANK OF NEW YORK MELLON	 	 
	 	 	 	 	TRUST COMPANY, N.A., as Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

      Authorized Representative
	 	 

	 	 	 

	 

	 	PART II.
	 
	 	 
	 

	 	RECORDING AND FILING DATA
	 
	 	 
	RECORDING AND FILING OF ORIGINAL
INDENTURE.

	 	The Original Indenture and indentures
supplemental thereto have been
recorded and/or filed and Certificates
of Provision for Payment have been recorded as hereinafter set forth.

19

 

	 	 	 

	 

	 	The Original Indenture has been
recorded as a real estate mortgage and
filed as a chattel Mortgage in the
offices of the respective Registers of
Deeds of certain counties in the State
of Michigan as set forth in the
Supplemental Indenture dated as of
September 1, 1947, has been recorded
as a real estate mortgage in the
office of the Register of Deeds of
Genesee County, Michigan as set forth
in the Supplemental Indenture dated as
of May 1, 1974, has been filed in the
Office of the Secretary of State of
Michigan on November 16, 1951 and has
been filed and recorded in the office
of the Interstate Commerce Commission
on December 8, 1969.
	 
	 	 
	RECORDING AND FILING OF
SUPPLEMENTAL INDENTURES.

	 	Pursuant to the terms and provisions
of the Original Indenture, indentures
supplemental thereto heretofore
entered into have been Recorded as a
real estate mortgage and/or filed as a
chattel mortgage or as a financing
statement in the offices of the
respective Registers of Deeds of
certain counties in the State of
Michigan, the Office of the Secretary
of State of Michigan and the Office of
the Interstate Commerce Commission or
the Surface Transportation Board, as
set forth in supplemental indentures
as follows:

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	June 1, 1925(a)(b)

	 	Series B Bonds
	 	February 1, 1940
	August 1, 1927(a)(b)

	 	Series C Bonds
	 	February 1, 1940
	February 1, 1931(a)(b)

	 	Series D Bonds
	 	February 1, 1940
	June 1, 1931(a)(b)

	 	Subject Properties
	 	February 1, 1940
	October 1, 1932(a)(b)

	 	Series E Bonds
	 	February 1, 1940
	September 25, 1935(a)(b)

	 	Series F Bonds
	 	February 1, 1940
	September 1, 1936(a)(b)

	 	Series G Bonds
	 	February 1, 1940
	November 1, 1936(a)(b)

	 	Subject Properties
	 	February 1, 1940
	February 1, 1940(a)(b)

	 	Subject Properties
	 	September 1, 1947
	December 1, 1940(a)(b)

	 	Series H Bonds and Additional Provisions
	 	September 1, 1947
	September 1, 1947(a)(b)(c)

	 	Series I Bonds, Subject Properties and Additional Provisions
	 	November 15, 1951
	March 1, 1950(a)(b)(c)

	 	Series J Bonds and Additional Provisions
	 	November 15, 1951
	November 15, 1951(a)(b)(c)

	 	Series K Bonds, Additional Provisions and Subject Properties
	 	January 15, 1953
	January 15, 1953(a)(b)

	 	Series L Bonds
	 	May 1, 1953
	May 1, 1953(a)

	 	Series M Bonds and Subject Properties
	 	March 15, 1954
	March 15, 1954(a)(c)

	 	Series N Bonds and Subject Properties
	 	May 15, 1955
	May 15, 1955(a)(c)

	 	Series O Bonds and Subject Properties
	 	August 15, 1957
	August 15, 1957(a)(c)

	 	Series P Bonds, Additional Provisions and Subject Properties
	 	June 1, 1959

20

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	June 1, 1959(a)(c)

	 	Series Q Bonds and Subject Properties
	 	December 1, 1966
	December 1, 1966(a)(c)

	 	Series R Bonds, Additional Provisions and Subject Properties
	 	October 1, 1968
	October 1, 1968(a)(c)

	 	Series S Bonds and Subject Properties
	 	December 1, 1969
	December 1, 1969(a)(c)

	 	Series T Bonds and Subject Properties
	 	July 1, 1970
	July 1, 1970(c)

	 	Series U Bonds and Subject Properties
	 	December 15, 1970
	December 15, 1970(c)

	 	Series V Bonds and Series W Bonds
	 	June 15, 1971
	June 15, 1971(c)

	 	Series X Bonds and Subject Properties
	 	November 15, 1971
	November 15, 1971(c)

	 	Series Y Bonds and Subject Properties
	 	January 15, 1973
	January 15, 1973(c)

	 	Series Z Bonds and Subject Properties
	 	May 1, 1974
	May 1, 1974

	 	Series AA Bonds and Subject Properties
	 	October 1, 1974
	October 1, 1974

	 	Series BB Bonds and Subject Properties
	 	January 15, 1975
	January 15, 1975

	 	Series CC Bonds and Subject Properties
	 	November 1, 1975
	November 1, 1975

	 	Series DDP Nos. 1-9 Bonds and Subject Properties
	 	December 15, 1975
	December 15, 1975

	 	Series EE Bonds and Subject Properties
	 	February 1, 1976
	February 1, 1976

	 	Series FFR Nos. 1-13 Bonds
	 	June 15, 1976
	June 15, 1976

	 	Series GGP Nos. 1-7 Bonds and Subject Properties
	 	July 15, 1976
	July 15, 1976

	 	Series HH Bonds and Subject Properties
	 	February 15, 1977
	February 15, 1977

	 	Series MMP Bonds and Subject Properties
	 	March 1, 1977
	March 1, 1977

	 	Series IIP Nos. 1-7 Bonds, Series JJP Nos. 1-7 Bonds, Series KKP Nos. 1-7 Bonds
and Series LLP Nos. 1-7 Bonds
	 	June 15, 1977
	June 15, 1977

	 	Series FFR No. 14 Bonds and Subject Properties
	 	July 1, 1977
	July 1, 1977

	 	Series NNP Nos. 1-7 Bonds and Subject Properties
	 	October 1, 1977
	October 1, 1977

	 	Series GGP Nos. 8-22 Bonds and Series OOP Nos. 1-17 Bonds and Subject Properties
	 	June 1, 1978

21

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	June 1, 1978

	 	Series PP Bonds, Series QQP Nos. 1-9 Bonds and Subject Properties
	 	October 15, 1978
	October 15, 1978

	 	Series RR Bonds and Subject Properties
	 	March 15, 1979
	March 15, 1979

	 	Series SS Bonds and Subject Properties
	 	July 1, 1979
	July 1, 1979

	 	Series IIP Nos. 8-22 Bonds, Series NNP Nos. 8-21 Bonds and Series TTP Nos. 1-15
Bonds and Subject Properties
	 	September 1, 1979
	September 1, 1979

	 	Series JJP No. 8 Bonds, Series KKP No. 8 Bonds, Series LLP Nos. 8-15 Bonds,
Series MMP No. 2 Bonds and Series OOP No. 18 Bonds and Subject Properties
	 	September 15, 1979
	September 15, 1979

	 	Series UU Bonds
	 	January 1, 1980
	January 1, 1980

	 	1980 Series A Bonds and Subject Properties
	 	April 1, 1980
	April 1, 1980

	 	1980 Series B Bonds
	 	August 15, 1980
	August 15, 1980

	 	Series QQP Nos. 10-19 Bonds, 1980 Series CP Nos. 1-12 Bonds and 1980 Series DP
No. 1-11 Bonds and Subject Properties
	 	August 1, 1981
	August 1, 1981

	 	1980 Series CP Nos. 13-25 Bonds and Subject Properties
	 	November 1, 1981
	November 1, 1981

	 	1981 Series AP Nos. 1-12 Bonds
	 	June 30, 1982
	June 30, 1982

	 	Article XIV Reconfirmation
	 	August 15, 1982
	August 15, 1982

	 	1981 Series AP Nos. 13-14 Bonds and Subject Properties
	 	June 1, 1983
	June 1, 1983

	 	1981 Series AP Nos. 15-16 Bonds and Subject Properties
	 	October 1, 1984
	October 1, 1984

	 	1984 Series AP Bonds and 1984 Series BP Bonds and Subject Properties
	 	May 1, 1985
	May 1, 1985

	 	1985 Series A Bonds
	 	May 15, 1985
	May 15, 1985

	 	1985 Series B Bonds and Subject Properties
	 	October 15, 1985
	October 15, 1985

	 	Series KKP No. 9 Bonds and Subject Properties
	 	April 1, 1986
	April 1, 1986

	 	1986 Series A Bonds and Subject Properties
	 	August 15, 1986
	August 15, 1986

	 	1986 Series B Bonds and Subject Properties
	 	November 30, 1986
	November 30, 1986

	 	1986 Series C Bonds
	 	January 31, 1987
	January 31, 1987

	 	1987 Series A Bonds
	 	April 1, 1987

22

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	April 1, 1987

	 	1987 Series B Bonds and 1987 Series C Bonds
	 	August 15, 1987
	August 15, 1987

	 	1987 Series D Bonds, 1987 Series E Bonds and Subject Properties
	 	November 30, 1987
	November 30, 1987

	 	1987 Series F Bonds
	 	June 15, 1989
	June 15, 1989

	 	1989 Series A Bonds
	 	July 15, 1989
	July 15, 1989

	 	Series KKP No. 10 Bonds
	 	December 1, 1989
	December 1, 1989

	 	Series KKP No. 11 Bonds and 1989 Series BP Bonds
	 	February 15, 1990
	February 15, 1990

	 	1990 Series A Bonds, 1990 Series B Bonds, 1990 Series C Bonds, 1990 Series D
Bonds, 1990 Series E Bonds and 1990 Series F Bonds
	 	November 1, 1990
	November 1, 1990

	 	Series KKP No. 12 Bonds
	 	April 1, 1991
	April 1, 1991

	 	1991 Series AP Bonds
	 	May 1, 1991
	May 1, 1991

	 	1991 Series BP Bonds and 1991 Series CP Bonds
	 	May 15, 1991
	May 15, 1991

	 	1991 Series DP Bonds
	 	September 1, 1991
	September 1, 1991

	 	1991 Series EP Bonds
	 	November 1, 1991
	November 1, 1991

	 	1991 Series FP Bonds
	 	January 15, 1992
	January 15, 1992

	 	1992 Series BP Bonds
	 	February 29, 1992 and April 15, 1992
	February 29, 1992

	 	1992 Series AP Bonds
	 	April 15, 1992
	April 15, 1992

	 	Series KKP No. 13 Bonds
	 	July 15, 1992
	July 15, 1992

	 	1992 Series CP Bonds
	 	November 30, 1992
	July 31, 1992

	 	1992 Series D Bonds
	 	November 30, 1992
	November 30, 1992

	 	1992 Series E Bonds and 1993 Series B Bonds
	 	March 15, 1993
	December 15, 1992

	 	Series KKP No. 14 Bonds and 1989 Series BP No. 2 Bonds
	 	March 15, 1993
	January 1, 1993

	 	1993 Series C Bonds
	 	April 1, 1993
	March 1, 1993

	 	1993 Series E Bonds
	 	June 30, 1993
	March 15, 1993

	 	1993 Series D Bonds
	 	September 15, 1993
	April 1, 1993

	 	1993 Series FP Bonds and 1993 Series IP Bonds
	 	September 15, 1993
	April 26, 1993

	 	1993 Series G Bonds and Amendment of Article II, Section 5
	 	September 15, 1993
	May 31, 1993

	 	1993 Series J Bonds
	 	September 15, 1993
	June 30, 1993

	 	1993 Series AP Bonds
	 	(d)

	June 30, 1993

	 	1993 Series H Bonds
	 	(d)

	September 15, 1993

	 	1993 Series K Bonds
	 	March 1, 1994
	March 1, 1994

	 	1994 Series AP Bonds
	 	June 15, 1994
	June 15, 1994

	 	1994 Series BP Bonds
	 	December 1, 1994
	August 15, 1994

	 	1994 Series C Bonds
	 	December 1, 1994

23

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	December 1, 1994

	 	Series KKP No. 15 Bonds and 1994 Series DP Bonds
	 	August 1, 1995
	August 1, 1995

	 	1995 Series AP Bonds and 1995 Series BP Bonds
	 	August 1, 1999
	August 1, 1999

	 	1999 Series AP Bonds, 1999 Series BP Bonds and 1999 Series CP Bonds
	 	(d)

	August 15, 1999

	 	1999 Series D Bonds
	 	(d)

	January 1, 2000

	 	2000 Series A Bonds
	 	(d)

	April 15, 2000

	 	Appointment of Successor Trustee
	 	(d)

	August 1, 2000

	 	2000 Series BP Bonds
	 	(d)

	March 15, 2001

	 	2001 Series AP Bonds
	 	(d)

	May 1, 2001

	 	2001 Series BP Bonds
	 	(d)

	August 15, 2001

	 	2001 Series CP Bonds
	 	(d)

	September 15, 2001

	 	2001 Series D Bonds and 2001 Series E Bonds
	 	(d)

	September 17, 2002

	 	Amendment of Article XIII, Section 3 and Appointment of Successor Trustee
	 	(d)

	October 15, 2002

	 	2002 Series A Bonds and 2002 Series B Bonds
	 	(d)

	December 1, 2002

	 	2002 Series C Bonds and 2002 Series D Bonds
	 	(d)

	August 1, 2003

	 	2003 Series A Bonds
	 	(d)

	March 15, 2004

	 	2004 Series A Bonds and 2004 Series B Bonds
	 	(d)

	July 1, 2004

	 	2004 Series D Bonds
	 	(d)

	February 1, 2005

	 	2005 Series A Bonds and 2005 Series B Bonds
	 	May 15, 2006
	April 1, 2005

	 	2005 Series AR Bonds and 2005 Series BR Bonds
	 	May 15, 2006
	August 1, 2005

	 	2005 Series DT Bonds
	 	May 15, 2006
	September 15, 2005

	 	2005 Series C Bonds
	 	May 15, 2006
	September 30, 2005

	 	2005 Series E Bonds
	 	May 15, 2006
	May 15, 2006

	 	2006 Series A Bonds
	 	December 1, 2006
	December 1, 2006

	 	2006 Series CT Bonds
	 	December 1, 2007
	December 1, 2007

	 	2007 Series A Bonds
	 	April 1, 2008
	April 1, 2008

	 	2008 Series DT Bonds
	 	May 1, 2008
	May 1, 2008

	 	2008 Series ET Bonds
	 	July 1, 2008
	June 1, 2008

	 	2008 Series G Bonds
	 	October 1, 2008
	July 1, 2008

	 	2008 Series KT Bonds
	 	October 1, 2008
	October 1, 2008

	 	2008 Series J Bonds
	 	December 1, 2008
	December 1, 2008

	 	2008 Series LT Bonds
	 	March 15, 2009
	March 15, 2009

	 	2009 Series BT Bonds
	 	November 1, 2009
	November 1, 2009

	 	2009 Series CT Bonds
	 	August 1, 2010

24

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	August 1, 2010

	 	2010 Series B Bonds
	 	December 1, 2010
	September 1, 2010

	 	2010 Series A Bonds
	 	December 1, 2010

 

			
	(a)	 	See Supplemental Indenture dated as of July 1, 1970 for Interstate Commerce Commission
filing and recordation information.
	 
	(b)	 	See Supplemental Indenture dated as of May 1, 1953 for Secretary of State of Michigan
filing information.
	 
	(c)	 	See Supplemental Indenture dated as of May 1, 1974 for County of Genesee, Michigan
recording and filing information.
	 
	(d)	 	Recording and filing information for this Supplemental Indenture has not been set forth
in a subsequent Supplemental Indenture.

	 	 	 

	RECORDING AND FILING OF SUPPLEMENTAL
INDENTURE DATED AS OF DECEMBER 1,
2010.

	 	Further, pursuant to the terms and
provisions of the Original
Indenture, a Supplemental Indenture
dated as of December 1, 2010
providing for the terms of bonds to
be issued thereunder of 2010 Series
CT has heretofore been entered into
between the Company and the Trustee
and has been filed in the Office of
the Secretary of State of Michigan
as a financing statement on December
16, 2010 (Filing No. 2010165565-7),
has been filed and recorded in the
Office of the Surface Transportation
Board on December 20, 2010
(Recordation No. 5485-AAAAAA), and
has been recorded as a real estate
mortgage in the offices of the
respective Register of Deeds of
certain counties in the State of
Michigan, as follows:

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	Liber/	 	 
	County	 	Recorded	 	 	Instrument no.	 	 	Page
	Genesee

	 	12/16/10
	 	 	201012220084224	 	 	 	N/A	 
	Huron

	 	12/17/10
	 	 	1345	 	 	 	269	 
	Ingham

	 	12/16/10
	 	 	3405	 	 	 	995	 
	Lapeer

	 	12/16/10
	 	 	2415	 	 	 	213	 
	Lenawee

	 	12/16/10
	 	 	2409	 	 	 	604	 
	Livingston

	 	12/16/10
	 	 	2010R-034460	 	 	 	N/A	 
	Macomb

	 	01/04/11
	 	 	20556	 	 	 	603	 
	Mason

	 	12/16/10
	 	 	2010R06641	 	 	 	N/A	 
	Monroe

	 	12/16/10
	 	 	2010R22985	 	 	 	N/A	 
	Oakland

	 	12/16/10
	 	 	42650	 	 	 	827	 
	St. Clair

	 	01/12/11
	 	 	4104	 	 	 	841	 
	Sanilac

	 	12/16/10
	 	 	1117	 	 	 	139	 
	Tuscola

	 	12/16/10
	 	 	1212	 	 	 	1036	 
	Washtenaw

	 	12/16/10
	 	 	4822	 	 	 	79	 
	Wayne

	 	12/16/10
	 	 	48895	 	 	 	1382	 

	 	 	 

	RECORDING OF CERTIFICATES OF
PROVISION FOR PAYMENT.

	 	All the bonds of Series A which were
issued under the Original Indenture
dated as of October 1, 1924, and of
Series B, Series C, Series D, Series
E, Series F, Series G, Series H,
Series I, Series J, Series K, Series
L, Series M, Series N, Series O,
Series P, Series Q, Series R, Series
S, Series T, Series U, Series V,
Series W, Series X, Series Y, Series
Z, Series AA, Series BB, Series CC,
Series DDP Nos. 1-9, Series EE,
Series FFR Nos. 1-13, Series GGP
Nos. 1-7,

25

 

	 	 	 

	 

	 	Series HH, Series MMP,
Series IP Nos. 1-7, Series JJP Nos.
1-7, Series KKP Nos. 1-7, Series LLP
Nos. 1-7, Series FFR No. 14, Series
NNP Nos. 1-7, Series GGP Nos. 8-22,
Series OOP Nos. 1-17, Series PP,
Series QQP Nos. 1-9, Series RR,
Series SS, Series IIP Nos. 8-22,
Series NNP Nos. 8-21, Series TTP
Nos. 1-15, Series JJP No. 8, Series
KKP No. 8, Series LLP Nos. 8-15,
Series MMP No. 2, Series OOP No. 18,
Series UU, 1980 Series A, 1980
Series B, Series QQP Nos. 10-19,
1980 Series CP Nos. 1-12, 1980
Series DP Nos. 1-11, 1980 Series CP
Nos. 13-25, 1981 Series AP Nos.
1-12, 1981 Series AP Nos. 13-14,
1981 Series AP Nos. 15-16, 1984
Series AP, 1984 Series BP, 1985
Series A, 1985 Series B, Series KKP
No. 9, 1986 Series A, 1986 Series B,
1986 Series C, 1987 Series A, 1987
Series B, 1987 Series C, 1987 Series
D, 1987 Series E, 1987 Series F,
1989 Series A, Series KKP No. 10,
Series KKP No. 11, 1989 Series BP,
1990 Series A, 1990 Series D, 1991
Series EP, 1991 Series FP, 1992
Series BP, Series KKP No. 13, 1992
Series CP, 1992 Series D, Series KKP
No. 14, 1989 Series BP No. 2, 1993
Series B, 1993 Series C, 1993, 1993
Series H, 1993 Series E, 1993 Series
D, 1993 Series FP, 1993 Series IP,
1993 Series G, 1993 Series J, 1993
Series K, 1994 Series AP, 1994
Series BP, 1994 Series C, Series
KKP No. 15, 1994 Series DP, 1995
Series AP, 1995 Series BP, 1999
Series D, 2000 Series A, 2001 Series
D, 2005 Series A, and 2005 Series B,
which were issued under Supplemental
Indentures as described in the
Recording and Filing of Supplemental
Indentures section above, have
matured or have been called for
redemption and funds sufficient for
such payment or redemption have been
irrevocably deposited with the
Trustee for that purpose; and
Certificates of Provision for
Payment have been recorded in the
offices of the respective Registers
of Deeds of certain counties in the
State of Michigan, with respect to
all bonds of Series A, B, C, D, E,
F, G, H, K, L, M, O, W, BB, CC, DDP
Nos. 1 and 2, FFR Nos. 1-3, GGP Nos.
1 and 2, IIP No. 1, JJP No. 1, KKP
No. 1, LLP No. 1 and GGP No. 8.
	 
	 	 
	 

	 	PART III.
	 
	 	 
	 

	 	THE TRUSTEE.
	 
	 	 
	TERMS AND CONDITIONS OF ACCEPTANCE
OF TRUST BY TRUSTEE.

	 	The Trustee hereby accepts the trust
hereby declared and provided, and
agrees to perform the same upon the
terms and conditions in the Original
Indenture, as amended to date and as
supplemented by this Supplemental
Indenture, and in this Supplemental
Indenture set forth, and upon the
following terms and conditions:
	 
	 	 
	 

	 	The Trustee shall not be responsible
in any manner whatsoever for and in
respect of the validity or
sufficiency of this Supplemental
Indenture or the due execution
hereof by the Company or for or in
respect of the recitals contained
herein, all of which recitals are
made by the Company solely.
	 
	 	 
	 

	 	PART IV.
	 
	 	 
	 

	 	MISCELLANEOUS.
	 
	 	 
	CONFIRMATION OF SECTION 318(c) OF
TRUST INDENTURE ACT.

	 	Except to the extent specifically
provided therein, no provision of
this Supplemental Indenture or any
future supplemental indenture is
intended to modify, and the parties
do hereby adopt and confirm, the
provisions of Section 318(c) of the
Trust Indenture Act which amend and
supersede provisions of the
Indenture in effect prior to
November 15, 1990.

26

 

	 	 	 

	EXECUTION IN COUNTERPARTS.

	 	THIS SUPPLEMENTAL INDENTURE MAY BE
SIMULTANEOUSLY EXECUTED IN ANY
NUMBER OF COUNTERPARTS, EACH OF
WHICH WHEN SO EXECUTED SHALL BE
DEEMED TO BE AN ORIGINAL; BUT SUCH
COUNTERPARTS SHALL TOGETHER
CONSTITUTE BUT ONE AND THE SAME
INSTRUMENT.
	 
	 	 
	TESTIMONIUM.

	 	IN WITNESS WHEREOF, THE DETROIT
EDISON COMPANY AND THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A. HAVE
CAUSED THESE PRESENTS TO BE SIGNED
IN THEIR RESPECTIVE CORPORATE NAMES
BY THEIR RESPECTIVE CHAIRMEN OF THE
BOARD, PRESIDENTS, VICE PRESIDENTS,
ASSISTANT VICE PRESIDENTS,
TREASURERS OR ASSISTANT TREASURERS
AND IMPRESSED WITH THEIR RESPECTIVE
CORPORATE SEALS, ATTESTED BY THEIR
RESPECTIVE SECRETARIES OR ASSISTANT
SECRETARIES, ALL AS OF THE DAY AND
YEAR FIRST ABOVE WRITTEN.

27

 

	 	 	 	 	 	 	 

	EXECUTION BY	 	THE DETROIT EDISON COMPANY	 	 
	COMPANY.
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	(Corporate Seal)

	 	By:

Name:
	 	/s/ Donald J. Goshorn
 

Donald J. Goshorn
	 	 
	 

	 	Title:
	 	Assistant Treasurer	 	 

	 	 	 	 	 	 	 

	 	 	Attest:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Lisa A. Muschong
 

Lisa A. Muschong
	 	 
	 

	 	Title:
	 	Corporate Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	Signed, sealed and delivered by

THE DETROIT EDISON COMPANY

in the presence of	 	 
	 
	 	 	 	 	 	 
	 

	 	/s/ Anthony G, Morrow 

	 	 
	 
	 	Name: 	 	Anthony G. Morrow	 	 
	 
	 	 	 	 	 	 
	 

	 	/s/ John Dermody 

	 	 
	 

	 	Name:
	 	John Dermody	 	 

28

 

	 	 	 	 	 

	 

	 	STATE OF MICHIGAN

COUNTY OF WAYNE
	 	)

) SS

)

	 	 	 

	ACKNOWLEDGMENT OF
EXECUTION BY
COMPANY.

	 	On this 30th day of March, 2011,
before me, the subscriber, a Notary Public
within and for the County of Wayne, in the
State of Michigan, acting in the County of
Wayne, personally appeared Donald J. Goshorn,
to me personally known, who, being by me duly
sworn, did say that he does business at One
Energy Plaza, Detroit, Michigan 48226 and is
the Assistant Treasurer of THE DETROIT EDISON
COMPANY, one of the corporations described in
and which executed the foregoing instrument;
that he knows the corporate seal of the said
corporation and that the seal affixed to said
instrument is the corporate seal of said
corporation; and that said instrument was
signed and sealed in behalf of said
corporation by authority of its Board of
Directors and that he subscribed his name
thereto by like authority; and said Donald J.
Goshorn acknowledged said instrument to be the
free act and deed of said corporation.
	 
	 	 
	(Notarial Seal)

	 	/s/ Karen L. Bradley
	 

	 	 
	 

	 	Karen L. Bradley
	 

	 	Notary Public, Wayne County, MI

Acting in Wayne
	 

	 	My Commission Expires: September 13, 2014

29

 

	 	 	 	 	 	 	 

	EXECUTION BY	 	THE BANK OF NEW YORK MELLON TRUST	 	 
	TRUSTEE.	 	COMPANY, N.A.	 	 
	 
	 	 	 	 	 	 
	(Corporate Seal)

	 	By:

Name:
	 	/s/Alexis M. Johnson
 

Alexis M. Johnson
	 	 
	 

	 	Title:
	 	Authorized Officer	 	 

	 	 	 	 	 

	 	 	Attest:
	 
	 	 	 	 
	 

	 	By:
	 	/s/J. Michael Banas
	 

	 	 	 	 
	 

	 	Name:

Title:
	 	J. Michael Banas 

Vice President
	 
	 	 	 	 
	 	 	Signed, sealed and delivered by

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

in the presence of
	 
	 	 	 	 
	 

	 	/s/ Daniel T. Richards
	 

	 	 	 	 
	 

	 	Name:
	 	Daniel T. Richards
	 
	 

	 	/s/ Kathleen Hier
	 

	 	 	 	 
	 

	 	Name:
	 	Kathleen Hier

30

 

	 	 	 	 	 

	 

	 	STATE OF MICHIGAN

COUNTY OF WAYNE
	 	)

) SS

)

	 	 	 

	ACKNOWLEDGMENT OF
EXECUTION BY TRUSTEE.

	 	On this 31st day of March, 2011, before me,
the subscriber, a Notary Public within and
for the County of Macomb, in the State of
Michigan, acting in the County of Wayne,
personally appeared Alexis M. Johnson, to me
personally known, who, being by me duly
sworn, did say that her business office is
located at 719 Griswold Street, Suite 930,
Detroit, Michigan 48226, and she is an
Authorized Officer of THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A., one of the
corporations described in and which executed
the foregoing instrument; that she knows the
corporate seal of the said corporation and
that the seal affixed to said instrument is
the corporate seal of said corporation; and
that said instrument was signed and sealed in
behalf of said corporation by authority of
its Board of Directors and that she
subscribed her name thereto by like
authority; and said Alexis M. Johnson
acknowledged said instrument to be the free
act and deed of said corporation.
	 
	 	 
	(Notarial Seal)

	 	/s/ Shirley A. Markulin
	 

	 	 
	 

	 	Shirley A. Markulin
	 

	 	Notary Public, Macomb County, Michigan

Acting in Wayne County
	 

	 	My Commission Expires January 14, 2012

31

 

	 	 	 	 	 

	 
	 	STATE OF MICHIGAN	 	)
	 
	 	 	 	) SS
	 
	 	COUNTY OF WAYNE	 	)

	 	 	 	 	 	 	 

	AFFIDAVIT AS TO CONSIDERATION AND
GOOD FAITH.	 	Donald J. Goshorn, being duly sworn,
says: that he is the Assistant
Treasurer of THE DETROIT EDISON
COMPANY, the Mortgagor named in the
foregoing instrument, and that he
has knowledge of the facts in regard
to the making of said instrument and
of the consideration therefor; that
the consideration for said
instrument was and is actual and
adequate, and that the same was
given in good faith for the purposes
in such instrument set forth.
	 
	 	 	 	 	 	 
	 
	 	/s/ Donald J. Goshorn
 
	 	 
	 

	 	Name:
	 	Donald J. Goshorn
	 	 
	 

	 	Title:
	 	Assistant Treasurer	 	 
	 	 	The Detroit Edison Company	 	 
	 
	 	 	 	 	 	 
	 	 	Sworn to before me this 30th day of
March, 2011	 	 
	 
	 	 	 	 	 	 
	(Notarial Seal)

	 	/s/ Karen L. Bradley
 

Karen L. Bradley
	 	 
	 

	 	Notary Public, Wayne County, MI

Acting in Wayne	 	 
	 

	 	My Commission Expires: September 13, 2014	 	 

32

 

This instrument was drafted by:

Daniel T. Richards, Esq.

One Energy Plaza

688 WCB

Detroit, Michigan 48226

When recorded return to:

Donna J. Singer

One Energy Plaza

688 WCB

Detroit, Michigan 48226

33eh1100288_form10kaex1035.htm

EXHIBIT 10.35 *

SECOND AMENDMENT

TO

LICENSE AGREEMENT

THIS SECOND AMENDMENT (this “Second Amendment”), dated as of December 6, 2010 (the “Effective Date”), to the License Agreement dated as of November 15, 2005 (together with its amendment, the “License Agreement”) by and between L.C. Licensing, Inc. a Delaware corporation with an office at c/o Liz Claiborne, Inc., 1441 Broadway, New York 10018 on the one hand (“Licensor”), and Movado Group, Inc., a New York Corporation with an office at 650 From Road, Paramus, New Jersey 07652 and Swissam Products Limited, a Hong Kong corporation with an office at 1406 World Finance Centre, North Tower, Harbour City, Tsimshatsui, Kowloon, Hong Kong together on the other hand (jointly and severally, “Licensee”).

WHEREAS, the Licensor and Licensee (together the “parties”) are parties to the License Agreement; and,

WHEREAS, the parties now desire to amend certain terms of the License Agreement, on and subject to the provisions herein.

NOW THEREFORE, in consideration of the premises, the mutual promises set forth below and for other good and valuable consideration, the sufficiency of which are hereby acknowledged, the parties agree as follows:

	 	
1. 

	
The following Schedules of the License Agreement are each hereby amended by deleting each such Schedule in its entirety and replacing it with the corresponding Schedule attached hereto:

	 	
(a) 

	
Schedule 3.3(g) (MINIMUM NET SALES)

	 	
(b) 

	
Schedule 8.2 (GUARANTEED MINIMUM ROYALTIES)

	 	
2. 

	
Except to the extent expressly modified by this Second Amendment, the License Agreement and all of its terms and conditions remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized officers to execute this Second Amendment as of the Effective Date.

 

	
L.C. LICENSING, INC.

 

	 	 	MOVADO GROUP, INC.	 
	 By:	
/s/ Rob Trauber

	 	 	By:	
/s/  Richard J. Coté

	 
	 	
Name: Rob Trauber

	 	 	 	
Name  Richard J. Coté

	 
	 	
Title:   CFO/COO Partnered Brands

	 	 	 	
Title:   President/COO

	 

 

                                                                           

	 	
SWISSAM PRODUCTS LIMITED

	 
	 	 	 	 
	
 

	
By: 

	/s/  Timothy F. Michno 	 
	 	 	Name:  Timothy F. Michno 	 
	 	 	Title:    Director 	 
	 	 	 	 

* CONFIDENTIAL PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED FROM SCHEDULE 3.3(g) AND SCHEDULE 8.2 AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (“1934 ACT”).

  

  

  

SCHEDULE 3.3(g) MINIMUM NET SALES

Licensee shall achieve Net Sales of Licensed Merchandise in the U.S. of $0 in Year 1 (2005) and    * in Year 2 (2006).  In each year thereafter, Licensee shall achieve Net Sales equal    *

Initial Term:

	  	
YEAR

	
SALES

 

	  
	  	
Year 3 (2007)

	  	  
	  	
Year 4 (2008)

	  	  
	  	
Year 5 (2009)

	
     *

	  
	  	
Year 6 (2010)

	  	  
	  	
Year 7 (2011)

	  	  

Renewal Term, if any:

	  	
YEAR

	
SALES

 

	  
	  	
Year 8 (2012)

	  	  
	  	
Year 9 (2013)

	  	  
	  	
Year 10 (2014)

	
     *

	  
	  	
Year 11 (2015)

	  	  
	  	
Year 12 (2016)

	  	  

 

*CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT

  

  

  

SCHEDULE 8.2 GUARANTEED MINIMUM ROYALTIES (GMR)

The minimum royalty shall be $0 in Year 1 (2005) and      *     in Year 2 (2006).  In each subsequent year, the minimum shall be     *     and the following base amount for such year:

Initial Term:

	  	
YEAR

	
MINIMAL ROYALTY

 

	  
	  	
Year 3 (2007)

	  	  
	  	
Year 4 (2008)

	  	  
	  	
Year 5 (2009)

	
                    *

	  
	  	
Year 6 (2010)

	  	  
	  	
Year 7 (2011)

	  	  

Renewal Term, if any:

	  	
YEAR

	
MINIMAL ROYALTY

 

	  
	  	
Year 8 (2012)

	  	  
	  	
Year 9 (2013)

	  	  
	  	
Year 10 (2014)

	
                    *

	  
	  	
Year 11 (2015)

	  	  
	  	
Year 12 (2016)

	  	  

For the Second Contract Year, royalties in excess of the GMR will only be payable on sales that generate royalty revenue in excess of    *    .

Payment of Guaranteed Minimum Royalties:  The minimum royalty for each Contract Year shall be paid in advance in four (4) equal quarterly installments, on the first day of Licensor’s fiscal quarters commencing January 1, 2006.

*CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]