Document:

Exhibit 10.1

 Exhibit 10.1 

 
  

 
 CONSUMERS ENERGY COMPANY

 $51,500,000 3.19% FIRST MORTGAGE BONDS DUE 2024 

$35,500,000 3.39% FIRST MORTGAGE BONDS DUE 2027 

$263,000,000 4.31% FIRST MORTGAGE BONDS DUE 2042 

 
  

BOND PURCHASE AGREEMENT 

 
  

Dated as of July 10, 2012 
  

 
  

 Table of Contents 

 

							
	 	  	 	  	PAGE	 
	 SECTION 1.
	  	AUTHORIZATION OF BONDS	  	 	1	  
			
	 SECTION 2.
	  	SALE AND PURCHASE OF BONDS; SECURITY FOR THE
BONDS	  	 	1	  
			
	 Section 2.1.
	  	 Sale and Purchase of Bonds
	  	 	1	  
	 Section 2.2.
	  	 Security for the Bonds
	  	 	1	  
			
	 SECTION 3.
	  	EXECUTION; CLOSING	  	 	2	  
			
	 SECTION 4.
	  	CONDITIONS TO CLOSING	  	 	2	  
			
	 Section 4.1.
	  	 Representations and Warranties
	  	 	2	  
	 Section 4.2.
	  	 Performance; No Default
	  	 	3	  
	 Section 4.3.
	  	 Compliance Certificates
	  	 	3	  
	 Section 4.4.
	  	 Opinions of Counsel
	  	 	3	  
	 Section 4.5.
	  	 Purchase Permitted By Applicable Law, Etc.
	  	 	3	  
	 Section 4.6.
	  	 Sale of Bonds
	  	 	4	  
	 Section 4.7.
	  	 Payment of Special Counsel Fees
	  	 	4	  
	 Section 4.8.
	  	 Private Placement Numbers
	  	 	4	  
	 Section 4.9.
	  	 Changes in Corporate Structure
	  	 	4	  
	 Section 4.10.
	  	 Funding Instructions
	  	 	4	  
	 Section 4.11.
	  	 Indenture Matters
	  	 	4	  
	 Section 4.12.
	  	 Federal Energy Regulatory Commission Authorization
	  	 	5	  
	 Section 4.13.
	  	 Consent of Holders of Other Securities
	  	 	5	  
	 Section 4.14.
	  	 Updated Schedule of Indebtedness
	  	 	5	  
	 Section 4.15.
	  	 Proceedings and Documents
	  	 	5	  
			
	 SECTION 5.
	  	REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	 	5	  
			
	 Section 5.1.
	  	 Organization; Power and Authority
	  	 	5	  
	 Section 5.2.
	  	 Authorization, Etc.
	  	 	5	  
	 Section 5.3.
	  	 Disclosure
	  	 	6	  
	 Section 5.4.
	  	 Organization and Ownership of Shares of Subsidiaries; Affiliates
	  	 	6	  
	 Section 5.5.
	  	 Financial Statements; Material Liabilities
	  	 	7	  
	 Section 5.6.
	  	 Compliance with Laws, Other Instruments, Etc.
	  	 	7	  
	 Section 5.7.
	  	 Governmental Authorizations, Etc.
	  	 	7	  
	 Section 5.8.
	  	 Litigation; Observance of Agreements, Statutes and Orders
	  	 	7	  
	 Section 5.9.
	  	 Taxes
	  	 	8	  
	 Section 5.10.
	  	 Title to Property; Leases
	  	 	8	  
	 Section 5.11.
	  	 Licenses, Permits, Etc.
	  	 	8	  

  
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	 Section 5.12.
	  	 Compliance with ERISA
	  	 	9	  
	 Section 5.13.
	  	 Private Offering by the Company
	  	 	9	  
	 Section 5.14.
	  	 Use of Proceeds; Margin Regulations
	  	 	10	  
	 Section 5.15.
	  	 Indebtedness
	  	 	10	  
	 Section 5.16.
	  	 Foreign Assets Control Regulations, Etc.
	  	 	10	  
	 Section 5.17.
	  	 Status under Certain Statutes
	  	 	11	  
	 Section 5.18.
	  	 Environmental Matters
	  	 	11	  
	 Section 5.19.
	  	 Indenture Matters
	  	 	11	  
			
	 SECTION 6.
	  	REPRESENTATIONS OF THE PURCHASERS	  	 	12	  
			
	 Section 6.1.
	  	 Purchase for Investment
	  	 	12	  
	 Section 6.2.
	  	 Source of Funds
	  	 	12	  
			
	 SECTION 7.
	  	INFORMATION AS TO THE COMPANY	  	 	14	  
			
	 Section 7.1.
	  	 Financial and Business Information
	  	 	14	  
	 Section 7.2.
	  	 Officer’s Certificate
	  	 	16	  
	 Section 7.3.
	  	 Visitation
	  	 	17	  
			
	 SECTION 8.
	  	FORM OF SUPPLEMENTAL INDENTURE	  	 	17	  
			
	 SECTION 9.
	  	PAYMENTS ON BONDS	  	 	17	  
			
	 SECTION 10.
	  	EXPENSES, ETC.	  	 	18	  
			
	 Section 10.1.
	  	 Transaction Expenses
	  	 	18	  
	 Section 10.2.
	  	 Survival
	  	 	18	  
			
	 SECTION 11.
	  	SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT	  	 	18	  
			
	 SECTION 12.
	  	AMENDMENT AND WAIVER	  	 	19	  
			
	 Section 12.1.
	  	 Requirements
	  	 	19	  
	 Section 12.2.
	  	 Solicitation of Holders
	  	 	19	  
	 Section 12.3.
	  	 Binding Effect, Etc.
	  	 	19	  
	 Section 12.4.
	  	 Bonds Held by Company, Etc.
	  	 	20	  
			
	 SECTION 13.
	  	NOTICES	  	 	20	  
			
	 SECTION 14.
	  	REPRODUCTION OF DOCUMENTS	  	 	20	  
			
	 SECTION 15.
	  	CONFIDENTIAL INFORMATION	  	 	21	  
			
	 SECTION 16.
	  	SUBSTITUTION OF PURCHASER	  	 	22	  

  
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	 SECTION 17.
	  	MISCELLANEOUS	  	 	22	  
			
	 Section 17.1.
	  	 Successors and Assigns
	  	 	22	  
	 Section 17.2.
	  	 Payments Due on Non-Business Days
	  	 	22	  
	 Section 17.3.
	  	 Accounting Terms
	  	 	22	  
	 Section 17.4.
	  	 Severability
	  	 	22	  
	 Section 17.5.
	  	 Construction, Etc.
	  	 	23	  
	 Section 17.6.
	  	 Counterparts
	  	 	23	  
	 Section 17.7.
	  	 Governing Law
	  	 	23	  
	 Section 17.8.
	  	 Jurisdiction and Process; Waiver of Jury Trial
	  	 	23	  

  

					
	 SCHEDULE A
	  	—  	  	INFORMATION RELATING TO PURCHASERS
			
	 SCHEDULE B
	  	—  	  	DEFINED TERMS
			
	 SCHEDULE 5.3
	  	—  	  	Disclosure Materials
			
	 SCHEDULE 5.4
	  	—  	  	Subsidiaries of the Company and Ownership of Subsidiary Stock
			
	 SCHEDULE 5.5
	  	—  	  	Financial Statements
			
	 SCHEDULE 5.15
	  	—  	  	Existing Indebtedness
			
	 EXHIBIT 2.2
	  	—  	  	Form of Supplemental Indenture (Including Form of Bonds)
			
	 EXHIBIT 4.4(a)
	  	—  	  	Form of Opinion of Counsel for the Company
			
	 EXHIBIT 4.4(b)
	  	—  	  	Form of Opinion of Special Counsel for the Purchasers

  
 iii

 Consumers Energy Company 

One Energy Plaza 
 Jackson, Michigan 49201 
 $51,500,000 3.19% First Mortgage Bonds due 2024

 $35,500,000 3.39% First Mortgage Bonds due 2027 

$263,000,000 4.31% First Mortgage Bonds due 2042 
 Dated as of July 10, 2012 
 To Each of the Purchasers Listed in Schedule A:

 Ladies and Gentlemen: 
 Consumers Energy Company, a Michigan corporation (the “Company”), agrees with each of the purchasers whose names appear at the end of this Agreement (each, a “Purchaser”
and, collectively, the “Purchasers”) as follows: 
 Section 1. Authorization of Bonds. The Company has authorized
the issue and sale of $51,500,000 aggregate principal amount of its 3.19% First Mortgage Bonds due 2024 (the “2024 Bonds”), $35,500,000 aggregate principal amount of its 3.39% First Mortgage Bonds due 2027 (the “2027
Bonds”) and $263,000,000 aggregate principal amount of its 4.31% First Mortgage Bonds due 2042 (the “2042 Bonds” and, together with the 2024 Bonds and the 2027 Bonds, the “Bonds”, all such terms to include
any bonds issued in substitution therefor pursuant to the Indenture) on the terms and conditions set forth in this Agreement. Capitalized terms used in this Agreement are defined or otherwise cross-referenced in Schedule B. References to a
“Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. References to a “Section” are, unless otherwise specified, to a Section of this Agreement. 

Section 2. Sale and Purchase of Bonds; Security for the Bonds. 
 Section 2.1. Sale and Purchase of Bonds. Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser, and each Purchaser will purchase from the
Company, at the Closing provided for in Section 3, Bonds in the respective principal amounts specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’
obligations under this Agreement are several and not joint obligations, and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser under this Agreement. 

Section 2.2. Security for the Bonds. The Bonds are to be issued under and secured by that certain Indenture dated as of
September 1, 1945 between the Company and The Bank of New York Mellon (ultimate successor to City Bank Farmers Trust Company), as trustee (the “Trustee”), as supplemented and amended by various supplemental indentures and as to
be supplemented by a supplemental indenture, to be dated as of the Closing Date (the “Supplemental Indenture”), which will be substantially in the form attached to this Agreement as Exhibit 2.2, establishing the terms of the
Bonds (as so supplemented, the “Indenture”). The Bonds shall be substantially in the form set out in Exhibit 2.2. 

 The Bonds will be dated the Closing Date, will bear interest from and including the Closing
Date and will be in denominations of $100,000 or any integral multiple thereof. Interest on the Bonds will be computed on the basis of a 360-day year consisting of twelve 30-day months. The 2024 Bonds will bear interest at a rate of 3.19% per
year, the 2027 Bonds will bear interest at a rate of 3.39% per year and the 2042 Bonds will bear interest at a rate of 4.31% per year, in each case payable semi-annually in arrears on June 15 and December 15 of each year,
commencing on June 15, 2013, and at the date of maturity. The Bonds will bear interest on overdue principal and (to the extent permitted by law) overdue installments of interest at the rate set forth in the Indenture. The 2024 Bonds will mature
on December 15, 2024, the 2027 Bonds will mature on December 15, 2027, and the 2042 Bonds will mature on December 15, 2042. 
 The Indenture creates and will create a direct first Lien on and a first security interest in the property and property rights of the Company described in the Indenture as being subjected to the Lien of
the Indenture (subject to such exceptions as are permitted under the Indenture), except such property and property rights as may have been released from the Lien of the Indenture in accordance with the terms of the Indenture. 

Section 3. Execution; Closing. The execution and delivery of this Agreement will be made at the offices of Pillsbury Winthrop Shaw Pittman
LLP, 1540 Broadway, New York, NY 10036-4039, on the date first set forth above (the “Execution Date”). The sale and purchase of the Bonds to be purchased by each Purchaser shall occur at the offices of Pillsbury Winthrop Shaw
Pittman LLP, 1540 Broadway, New York, NY 10036-4039, at 10:00 a.m., New York City time, at a closing (the “Closing”) on December 17, 2012 or on such other Business Day on or prior to such date as may be agreed upon by the
Company and the Purchasers. At the Closing the Company shall cause to be duly executed, authenticated and delivered to each Purchaser the Bonds to be purchased by such Purchaser in the form of a single Bond in respect of the 2024 Bonds, a single
Bond in respect of the 2027 Bonds and a single Bond in respect of the 2042 Bonds (or, in each case, such greater number of Bonds in denominations of at least $100,000 as such Purchaser may request) dated the Closing Date and registered in such
Purchaser’s name (or in the name of its nominee), against delivery by such Purchaser to the Company or its order of immediately available funds in the amount of the purchase price therefor by wire transfer of immediately available funds to the
account specified by the Company in accordance with Section 4.10. If at the Closing the Company shall fail to tender such Bonds to any Purchaser as provided above in this Section 3, or any of the conditions specified in Section 4
shall not have been fulfilled to such Purchaser’s reasonable satisfaction, such Purchaser shall, at its election, be relieved of all further obligations under this Agreement, without thereby waiving any rights such Purchaser may have by reason
of such failure or such non-fulfillment. If at the Closing any Purchaser shall fail to purchase any Bonds that it is obligated to purchase under this Agreement, then another Institutional Investor approved by the Company may purchase the Bonds
scheduled to be purchased by the defaulting Purchaser at the Closing; provided, however, that no such replacement of a defaulting Purchaser shall be deemed to waive any rights or remedies that the Company may have against such defaulting Purchaser
by reason of such failure. 
 Section 4. Conditions to Closing. Each Purchaser’s obligation to execute and deliver this
Agreement on the Execution Date, and each Purchaser’s obligation to purchase and pay for the Bonds to be sold to such Purchaser at the Closing, is subject to the fulfillment to such Purchaser’s reasonable satisfaction, prior to or at the
Closing, of the following conditions: 
 Section 4.1. Representations and Warranties. The representations and
warranties of the Company in this Agreement shall be correct when made on the Execution Date and at the time of the Closing (except with respect to representations and warranties made as of a specific date, in which case they shall be correct as of
such date). 

  
 2 

 Section 4.2. Performance; No Default. The Company shall have performed and
complied with all agreements and conditions contained in this Agreement and the Indenture required to be performed or complied with by it prior to or at the Closing, and, after giving effect to the issue and sale of the Bonds (and the application of
the proceeds thereof as contemplated by Section 5.14), no Default or Event of Default shall have occurred and be continuing. Neither the Company nor any Subsidiary, if applicable, shall have entered into any transaction since the date of the
Memorandum that would have been prohibited by the Indenture. 
 Section 4.3. Compliance Certificates. 

(a) Officer’s Certificate. The Company shall have delivered to such Purchaser an Officer’s Certificate, dated the
Closing Date, certifying that the conditions specified in Section 4.1, Section 4.2, Section 4.9, Section 4.11 and Section 4.14 have been fulfilled. 
 (b) Secretary’s Certificate. The Company shall have delivered to such Purchaser a certificate of its Secretary or Assistant Secretary, dated the Closing Date, certifying as to the resolutions
attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Bonds, the Indenture and this Agreement. 
 Section 4.4. Opinions of Counsel. Such Purchaser shall have received opinions in form and substance reasonably satisfactory to such Purchaser, dated the Closing Date, (a) from Shelley J.
Ruckman, Assistant General Counsel of the Company, covering the matters set forth in Exhibit 4.4(a) and covering such other matters incident to the transactions contemplated by this Agreement as such Purchaser or its counsel may reasonably
request (and the Company hereby instructs such counsel to deliver such opinion to the Purchasers) and (b) from Pillsbury Winthrop Shaw Pittman LLP, the Purchasers’ special counsel in connection with such transactions, covering the matters
set forth in Exhibit 4.4(b) and covering such other matters incident to such transactions as such Purchaser may reasonably request. 
 Section 4.5. Purchase Permitted By Applicable Law, Etc. On the Closing Date, such Purchaser’s purchase of Bonds shall (a) be permitted by the laws and regulations of each
jurisdiction to which such Purchaser is subject, without recourse to provisions (such as Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the
particular investment, (b) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System) and (c) not subject such Purchaser to any tax, penalty or
liability under or pursuant to any applicable law or regulation, which law or regulation was not in effect on the Execution Date. If requested by such Purchaser, such Purchaser shall have received an Officer’s Certificate certifying as to such
matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted. 

  
 3 

 Section 4.6. Sale of Bonds. Contemporaneously with the Closing, the Company
shall sell to each Purchaser, and each Purchaser shall purchase, the Bonds to be purchased by such Purchaser at the Closing as specified in Schedule A. 
 Section 4.7. Payment of Special Counsel Fees. Without limiting the provisions of Section 10.1, the Company shall have paid on or before the Execution Date and the Closing Date the fees,
charges and disbursements of the Purchasers’ special counsel referred to in Section 4.4 to the extent reflected in a statement of such counsel rendered to the Company at least five Business Days prior to the Execution Date and the Closing
Date, respectively. 
 Section 4.8. Private Placement Numbers. Private Placement Numbers issued by
Standard & Poor’s CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for the Bonds. 

Section 4.9. Changes in Corporate Structure. The Company shall not have changed its jurisdiction of incorporation, changed
its organizational structure (as a corporation) or been a party to any merger or consolidation or succeeded to all or any substantial part of the liabilities of any other entity, at any time following the date of the most recent financial statements
referred to in Schedule 5.5. 
 Section 4.10. Funding Instructions. At least three Business Days prior to the
Closing Date, each Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of the Company setting forth the wiring instructions specified in Section 3, including (a) the name and address of the
transferee bank, (b) such transferee bank’s ABA number and (c) the account name and number into which the purchase price for the Bonds is to be deposited. 
 Section 4.11. Indenture Matters. The Company shall have furnished to the Trustee the resolutions, certificates and other documentation (and cash, if any) required to be delivered prior to or
upon the issuance of the Bonds pursuant to the provisions of the Indenture. The Company shall have duly executed the Bonds and shall have requested the Trustee to authenticate, and the Trustee shall have duly authenticated, the Bonds pursuant to the
Indenture. The Company shall be able to comply with all other conditions with respect to the authentication of the Bonds imposed by the Indenture. The Company shall have furnished to such Purchaser a copy of the Supplemental Indenture duly
authorized, executed and delivered by the Company and the Trustee. The Company shall: (i) within 10 days after the Closing Date, deliver the Supplemental Indenture in recordable form to the appropriate real estate recording office in all
jurisdictions specified in the Supplemental Indenture for recording and deliver to the office of the Secretary of State of the State of Michigan a UCC-1 financing statement relating to the Supplemental Indenture for filing in such office; and
(ii) within 25 days after the Closing Date, deliver to such Purchaser a certificate signed by a Responsible Officer certifying that the actions required by the foregoing clause (i) have been taken. The Company shall further provide such
Purchaser, as soon as it is available, a copy of the related opinion of counsel contemplated by Section 7.11(i) of the Indenture. To the extent not covered in the opinion described in the previous sentence, the Company shall also provide such
Purchaser, concurrently with the furnishing of such opinion, a list of the recording information for all such filings. 

  
 4 

 Section 4.12. Federal Energy Regulatory Commission Authorization. An appropriate
order shall have been entered by the Federal Energy Regulatory Commission under the Federal Power Act authorizing the issuance and sale of the Bonds, and such order shall be in full force and effect. 

Section 4.13. Consent of Holders of Other Securities. Any consents or approvals required to be obtained from any holder or
holders of any outstanding Security of the Company and any amendments of agreements pursuant to which any Securities may have been issued that shall be necessary to permit the consummation of the transactions contemplated by this Agreement shall
have been obtained, and all such consents, approvals or amendments shall be reasonably satisfactory in form and substance to such Purchaser and such Purchaser’s special counsel. 

Section 4.14. Updated Schedule of Indebtedness. The Company shall have furnished to each Purchaser a document that updates
Schedule 5.15 as of September 30, 2012. 
 Section 4.15. Proceedings and Documents. All corporate and
other proceedings in connection with the transactions contemplated by this Agreement and all documents and instruments incident to such transactions shall be reasonably satisfactory to such Purchaser and its special counsel, and such Purchaser and
its special counsel shall have received all such counterpart originals or certified or other copies of such documents as such Purchaser or such special counsel may reasonably request. 
 Section 5. Representations and Warranties of the Company. The Company represents and warrants to each Purchaser that: 
 Section 5.1. Organization; Power and Authority. The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is
duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business
it transacts and proposes to transact, to execute and deliver this Agreement, the Indenture and the Bonds and to perform the provisions of this Agreement, the Indenture and the Bonds. 

Section 5.2. Authorization, Etc. This Agreement, the Indenture and the Bonds have been duly authorized by all necessary
corporate action on the part of the Company, and this Agreement constitutes, and upon execution, authentication and delivery thereof each of the Indenture and each Bond will constitute, a legal, valid and binding obligation of the Company
enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting the
enforcement of creditors’ rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

  
 5 

 Section 5.3. Disclosure. The Company, through its agents, J.P. Morgan Securities
LLC, Mitsubishi UFJ Securities (USA), Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Scotia Capital (USA) Inc. and KeyBanc Capital Markets Inc. (the “Agents”), has delivered to each Purchaser a copy of the
Private Placement Memorandum captioned “Consumers Energy Company $200,000,000 First Mortgage Bonds” (the “Memorandum”) relating to the transactions contemplated by this Agreement. The Memorandum fairly describes, in all
Material respects, the general nature of the business and principal properties of the Company and its Subsidiaries. This Agreement, the Memorandum and the documents, certificates or other writings delivered to the Purchasers by or on behalf of the
Company in connection with the transactions contemplated by this Agreement and identified in Schedule 5.3, and the financial statements listed in Schedule 5.5, in each case, delivered to each Purchaser prior to the Execution Date (this
Agreement, the Memorandum and such documents, certificates or other writings and such financial statements being referred to, collectively, as the “Disclosure Documents”), taken as a whole, do not contain any untrue statement of a
material fact or omit to state any material fact necessary to make the statements therein not misleading in light of the circumstances under which they were made. Except as disclosed in the Disclosure Documents, since December 31, 2011, there
has been no change in the financial condition, operations, business or properties of the Company or any Subsidiary except changes that individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect. There is no
fact known to the Company that could reasonably be expected to have a Material Adverse Effect that has not been set forth in the Disclosure Documents. 
 Section 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates. 
 (a) Schedule 5.4 contains (except as noted therein) complete and correct lists of (i) the Company’s Subsidiaries, showing, as to each Subsidiary, the correct name thereof, the
jurisdiction of its organization and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned by the Company and each other Subsidiary and (ii) the Company’s directors and senior officers.

 (b) All of the outstanding shares of capital stock or similar equity interests of each Subsidiary shown in Schedule
5.4 as being owned by the Company and its Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by the Company or another Subsidiary free and clear of any Lien (except as otherwise disclosed in Schedule
5.4). 
 (c) Each Subsidiary identified in Schedule 5.4 is a corporation or other legal entity duly organized,
validly existing and in good standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and is in good standing in each jurisdiction in which such qualification is required by
law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other
power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts and proposes to transact. 

  
 6 

 (d) No Subsidiary is a party to, or otherwise subject to, any legal, regulatory, contractual
or other restriction (other than this Agreement, any agreements listed on Schedule 5.4 and customary limitations imposed by corporate law or similar statutes) restricting the ability of such Subsidiary to pay dividends out of profits or make
any other similar distributions of profits to the Company or any of its Subsidiaries that owns outstanding shares of capital stock or similar equity interests of such Subsidiary. 

Section 5.5. Financial Statements; Material Liabilities. The Company has delivered to each Purchaser copies of the financial
statements of the Company and its Subsidiaries filed with the SEC listed on Schedule 5.5. All of said financial statements (including in each case the related schedules and notes) fairly present in all Material respects the consolidated
financial position of the Company and its Subsidiaries as of the respective dates specified in such Schedule 5.5 and the consolidated results of their operations and cash flows for the respective periods so specified and have been prepared in
accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto (subject, in the case of any interim financial statements, to normal year-end adjustments). The Company and its Subsidiaries do not
have any Material liabilities that are not disclosed in the Disclosure Documents. 
 Section 5.6. Compliance with Laws,
Other Instruments, Etc. The execution, delivery and performance by the Company of this Agreement, the Indenture and the Bonds will not (a) contravene, result in any breach of, constitute a default under, or result in the creation of any
Lien (other than the Lien created by the Indenture) in respect of any property of the Company or any Subsidiary under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, organizational document (including, without
limitation, corporate charter or bylaws), or any other Material agreement or instrument to which the Company or any Subsidiary is bound or by which the Company or any Subsidiary or any of its respective properties may be bound or affected,
(b) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority applicable to the Company or any Subsidiary or (c) violate
any provision of any statute or other rule or regulation of any Governmental Authority applicable to the Company or any Subsidiary. 
 Section 5.7. Governmental Authorizations, Etc. No consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority (other than an appropriate
order entered by the Federal Energy Regulatory Commission under the Federal Power Act authorizing the issuance and sale of the Bonds, which order has been obtained by the Company and shall be in full force and effect as of the Closing) is required
in connection with the execution, delivery or performance by the Company of this Agreement, the Indenture or the Bonds, except such as have been obtained or may be required under state securities or blue sky laws or as contemplated by
Section 4.11. 
 Section 5.8. Litigation; Observance of Agreements, Statutes and Orders. 

(a) Except as disclosed in the Disclosure Documents, there are no actions, suits, investigations or proceedings pending or, to the
knowledge of the Company, threatened against the Company or any Subsidiary or any property of the Company or any Subsidiary in any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
 7 

 (b) Except as disclosed in the Disclosure Documents, neither the Company nor any Subsidiary
is in default under any term of any agreement or instrument to which it is a party or by which it is bound, or any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority or is in violation of any applicable law,
ordinance, rule or regulation (including, without limitation, Environmental Laws or the USA Patriot Act) of any Governmental Authority, which default or violation, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect. 
 Section 5.9. Taxes. The Company and its Subsidiaries have filed all tax returns that are required
to have been filed in any jurisdiction, and have paid all taxes shown to be due and payable on such returns and all other taxes and assessments levied upon them or their properties, assets, income or franchises, to the extent such taxes and
assessments have become due and payable and before they have become delinquent, except for any taxes and assessments (a) the amount of which is not individually or in the aggregate Material or (b) the amount, applicability or validity of
which is currently being contested in good faith by appropriate proceedings and with respect to which the Company or a Subsidiary, as the case may be, has established adequate reserves in accordance with GAAP. The Company knows of no basis for any
other tax or assessment that could reasonably be expected to have a Material Adverse Effect. The charges, accruals and reserves on the books of the Company and its Subsidiaries in respect of federal, state or other taxes for all fiscal periods are
adequate. The federal income tax liabilities of the Company and its Subsidiaries have been finally determined (whether by reason of completed audits or the statute of limitations having run) for all fiscal years up to and including the fiscal year
ended December 31, 2011. 
 Section 5.10. Title to Property; Leases. The Company and its Subsidiaries have good
and sufficient title, rights of way, easements and/or leasehold interests in or to their respective properties that individually or in the aggregate are Material, including all such properties reflected in the most recent audited balance sheet
referred to in Section 5.5 or purported to have been acquired by the Company or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by the
Indenture. All leases, rights of way, easements and leasehold interests that individually or in the aggregate are Material are valid and subsisting and are in full force and effect in all Material respects. With respect to the real property
described in the Indenture, the Company is not subject to any mortgage, deed of trust or like Lien instrument other than the Indenture and Liens permitted under the Indenture. 
 Section 5.11. Licenses, Permits, Etc. 
 (a) The Company and its
Subsidiaries own or possess all licenses, permits, franchises, authorizations, patents, copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, that individually or in the aggregate are Material, without known
conflict with the rights of others. 
 (b) To the best knowledge of the Company, no product of the Company or any of its
Subsidiaries infringes in any Material respect any license, permit, franchise, authorization, patent, copyright, proprietary software, service mark, trademark, trade name or other right owned by any other Person. 

  
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 (c) To the best knowledge of the Company, there is no Material violation by any Person of
any right of the Company or any of its Subsidiaries with respect to any patent, copyright, proprietary software, service mark, trademark, trade name or other right owned or used by the Company or any of its Subsidiaries. 

Section 5.12. Compliance with ERISA. 
 (a) The Company and each ERISA Affiliate have operated and administered each Plan (and any predecessor Plan) in compliance with all applicable laws except for such instances of non-compliance as have not
resulted in and could not reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any ERISA Affiliate has incurred any liability pursuant to Title I of ERISA or Title IV of ERISA or the penalty or excise tax provisions
of the Code relating to employee benefit plans (as defined in Section 3 of ERISA), and no event, transaction or condition has occurred or exists that could reasonably be expected to result in the incurrence of any such liability by the Company
or any ERISA Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the Company or any ERISA Affiliate, in either case pursuant to Title I of ERISA or Title IV of ERISA or to such penalty or excise tax provisions
or to Section 401(a)(29) of the Code or Section 412 of the Code or Section 4068 of ERISA, other than such liabilities or Liens as would not be individually or in the aggregate Material. 

(b) The Company and its ERISA Affiliates have not incurred withdrawal liabilities (and are not subject to contingent withdrawal
liabilities) under Section 4201 of ERISA or Section 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are Material. 
 (c) The expected post-retirement benefit obligation (determined as of the last day of the Company’s most recently ended fiscal year in accordance with Financial Accounting Standards Board Accounting
Standards Codification 715-60, without regard to liabilities attributable to continuation coverage mandated by Section 4980B of the Code) of the Company and its Subsidiaries is not expected to have a Material Adverse Effect. 

(d) The execution and delivery of this Agreement and the Indenture and the issuance, sale and delivery of the Bonds will not involve any
transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which a tax could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code. The representation by the Company to each Purchaser in the
first sentence of this Section 5.12(d) is made in reliance upon and subject to the accuracy of such Purchaser’s representation in Section 6.2 as to the sources of the funds used to pay the purchase price of the Bonds to be purchased
by such Purchaser. 
 Section 5.13. Private Offering by the Company. Neither the Company nor anyone acting on its
behalf has offered the Bonds or any similar Securities for sale to, or solicited any offer to buy any of the same from, or otherwise approached or negotiated in respect thereof with, any Person other than the Purchasers and not more than 70 other
Institutional Investors, each of which has been offered the Bonds at a private sale for investment. Neither the Company nor anyone acting on its behalf has taken, or will take, any action that would subject the issuance or sale of the Bonds to the
registration requirements of Section 5 of the Securities Act or to the registration requirements of any state securities or blue sky laws of any applicable jurisdiction. 

  
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 Section 5.14. Use of Proceeds; Margin Regulations. The Company will apply the
proceeds of the sale of the Bonds as set forth on page 1 of the Memorandum. No part of the proceeds from the sale of the Bonds will be used, directly or indirectly, for the purpose of buying or carrying any margin stock within the meaning of
Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any Securities under such circumstances as to involve the Company in a violation of Regulation X of said Board
(12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220). As used in this Section 5.14, the terms “margin stock” and “purpose of buying or carrying” shall have the meanings
assigned to them in said Regulation U. 
 Section 5.15. Indebtedness. 

(a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the
Company and its Subsidiaries as of March 31, 2012 (including a description of the principal amount outstanding and collateral therefor, if any, and Guaranty thereof, if any). Neither the Company nor any Subsidiary is in default, and no waiver
of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or such Subsidiary, and no event or condition exists with respect to any Indebtedness of the Company or any Subsidiary that would
permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. 

(b) Neither the Company nor any Subsidiary has agreed or consented to cause or permit in the future (upon the happening of a contingency
or otherwise) any of its property, whether now owned or acquired after the Execution Date, to be subject to a Lien not prohibited by the Indenture. 
 (c) Neither the Company nor any Subsidiary is a party to, or otherwise subject to any provision contained in, any instrument evidencing Indebtedness of the Company or such Subsidiary, any agreement
relating thereto or any other agreement (including, without limitation, its charter or other organizational document) that limits the amount of, or otherwise imposes restrictions on the incurring of, Indebtedness of the Company, except as
specifically indicated in Schedule 5.15. 
 Section 5.16. Foreign Assets Control Regulations, Etc.

 (a) Neither the sale of the Bonds by the Company nor its use of the proceeds thereof will violate the Trading with the
Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. 

(b) Neither the Company nor any Subsidiary (i) is a Person described or designated in the Specially Designated Nationals and Blocked
Persons List of the Office of Foreign Assets Control or in Section 1 of Executive Order No. 13,224 of September 23, 2001, Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support
Terrorism, 66 U.S. Fed. Reg. 49079 (2001), as amended, or (ii) engages in any dealings or transactions, or is otherwise associated, with any such Person. The Company and its Subsidiaries are in compliance, in all Material respects, with the USA
Patriot Act. 

  
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 (c) No part of the proceeds from the sale of the Bonds will be used, directly or indirectly,
for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any
improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, assuming in all cases that such United States Foreign Corrupt Practices Act of 1977, as amended, applies to the Company. 

Section 5.17. Status under Certain Statutes. Neither the Company nor any Subsidiary is an “investment company” or a
company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. Neither the Company nor any Subsidiary is subject to regulation under the ICC Termination Act of 1995, as
amended. 
 Section 5.18. Environmental Matters. Except as disclosed in the Disclosure Documents: 

(a) Neither the Company nor any Subsidiary has knowledge of any claim or has received any notice of any claim, and no proceeding has been
instituted raising any claim against the Company or any of its Subsidiaries or any of their respective real properties now or formerly owned, leased or operated by any of them or other assets, alleging any damage to the environment or violation of
any Environmental Laws, except, in each case, such as could not reasonably be expected to result in a Material Adverse Effect. 

(b) Neither the Company nor any Subsidiary has knowledge of any facts that would give rise to any claim, public or private, of violation
of Environmental Laws or damage to the environment emanating from, occurring on or in any way related to real properties now or formerly owned, leased or operated by any of them or to other assets or their use, except, in each case, such as could
not reasonably be expected to result in a Material Adverse Effect. 
 (c) Neither the Company nor any Subsidiary has stored any
Hazardous Materials on real properties now or formerly owned, leased or operated by any of them and has not disposed of any Hazardous Materials in a manner contrary to any Environmental Laws in each case in any manner that could reasonably be
expected to result in a Material Adverse Effect. 
 (d) All buildings on all real properties now owned, leased or operated by
the Company or any Subsidiary are in compliance with applicable Environmental Laws, except where failure to comply could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.19. Indenture Matters. None of the execution or delivery of this Agreement, the Indenture or the Bonds or the
consummation of the transactions contemplated by this Agreement, the Indenture or the Bonds, including the issuance, sale or delivery of the Bonds, will require the qualification of the Indenture under the Trust Indenture Act. The Company has good
and marketable title to all its important properties described in the Memorandum and to substantially all other real estate and property specifically described in the Indenture as subject to the Lien of the Indenture except (a) that released or
retired in accordance with the provisions of 

  
 11 

 
the Indenture, (b) leased offices, garages and service buildings, (c) certain electric substations and gas regulator stations and other facilities erected on sites under leases,
easements, permits or contractual arrangements, (d) certain pollution control facilities, which are subject to security interests granted to various municipalities and economic development corporations under installment sales contracts,
(e) as to electric and gas transmission and distribution lines, many of such properties are constructed on rights-of-way by virtue of franchises or pursuant to easements only, and (f) as to certain gas storage fields, the Company’s
interest in certain of the gas rights and rights of storage and other rights incidental thereto are in the nature of an easement or leasehold interest only. As of the Closing Date, the Indenture will constitute, as security for the Bonds, a valid
direct first mortgage Lien on the real estate, property and franchises, subject only to excepted encumbrances as defined in the Indenture and except as otherwise expressly stated in the Indenture. The Indenture is effective to create the Lien
intended to be created by the Indenture. Real estate, property or franchises in the State of Michigan described in the Indenture acquired after the Closing by the Company will become subject to the Lien of the Indenture, at the time of acquisition,
subject to Liens existing thereon at the time of acquisition, and subject to excepted encumbrances, and subject to any necessary filing and recording before the intervention of any Lien not expressly excepted thereby, and subject to the
qualification above with respect to the enforceability of the Indenture. The Bonds and all other obligations under this Agreement will be direct and secured obligations of the Company ranking pari passu as against the assets of the Company subject
to the Lien of the Indenture with all other present and future first mortgage bonds of the Company issued and outstanding under the Indenture. 

Section 6. Representations of the Purchasers. 
 Section 6.1. Purchase for Investment. Each Purchaser severally represents that (a) it is an “accredited investor” within the meaning of Rule 501(a)(1), (3) or
(7) under the Securities Act and (b) it is purchasing the Bonds for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the
distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Bonds have not been registered under the
Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by
law, and that the Company is not required to register the Bonds under the Securities Act or to list the Bonds on any national securities exchange. 
 Section 6.2. Source of Funds. Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a
“Source”) to be used by such Purchaser to pay the purchase price of the Bonds to be purchased by such Purchaser under this Agreement: 
 (a) the Source is an “insurance company general account” (within the meaning of PTE 95-60) in respect of which the reserves and liabilities (as defined by the annual statement for life insurance
companies approved by the National Association of Insurance Commissioners (the “NAIC Annual Statement”)) for the general account contract(s) held by or on behalf of any employee benefit plan together with the amount of the reserves
and liabilities for the general account contract(s) held by or on behalf of any other employee benefit plans maintained by the 

  
 12 

 
same employer (or affiliate thereof as defined in PTE 95-60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities of the general
account (exclusive of separate account liabilities) plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of domicile; 
 (b) the Source is a separate account that is maintained solely in connection with such Purchaser’s fixed contractual obligations under which the amounts payable, or credited, to any employee benefit
plan (or its related trust) that has any interest in such separate account (or to any participant or beneficiary of such plan (including any annuitant)) are not affected in any manner by the investment performance of the separate account;

 (c) the Source is either (i) an insurance company pooled separate account, within the meaning of PTE 90-1, or
(ii) a bank collective investment fund, within the meaning of PTE 91-38, and, except as disclosed by such Purchaser to the Company in writing pursuant to this Section 6.2(c), no employee benefit plan or group of plans maintained by the
same employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled separate account or collective investment fund; 
 (d) the Source constitutes assets of an “investment fund” (within the meaning of Part V of the QPAM Exemption) managed by a “qualified professional asset manager” or “QPAM”
(within the meaning of Part V of the QPAM Exemption), no employee benefit plan’s assets that are included in such investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer
or by an affiliate (within the meaning of Section V(c)(1) of the QPAM Exemption) of such employer or by the same employee organization and managed by such QPAM, exceed 20% of the total client assets managed by such QPAM, the conditions of Part I(c)
and Part I(g) of the QPAM Exemption are satisfied, as of the last day of its most recent calendar quarter, (x) such QPAM does not own a 10% or more interest in the Company and (y) no Person controlling or controlled by the QPAM (applying
the definition of “control” in Section V(e) of the QPAM Exemption) owns a 20% or more interest in the Company (or less than 20% but greater than 10%, if such Person exercises control over the management or policies of the Company by reason
of its ownership interest) and (i) the identity of such QPAM and (ii) the names of all employee benefit plans whose assets are included in such investment fund have been disclosed to the Company in writing pursuant to this
Section 6.2(d); 
 (e) the Source constitutes assets of a “plan(s)” (within the meaning of Section IV of the
INHAM Exemption) managed by an “in-house asset manager” or “INHAM” (within the meaning of Part IV of the INHAM Exemption), the conditions of Part I(a), Part I(g) and Part I(h) of the INHAM Exemption are satisfied, neither the
INHAM nor a Person controlling or controlled by the INHAM (applying the definition of “control” in Section IV(d) of the INHAM Exemption) owns a 5% or more interest in the Company and (i) the identity of such INHAM and (ii) the
name(s) of the employee benefit plan(s) whose assets constitute the Source have been disclosed to the Company in writing pursuant to this Section 6.2(e); 
 (f) the Source is a governmental plan; 

  
 13 

 (g) the Source is one or more employee benefit plans, or a separate account or trust fund
comprised of one or more employee benefit plans, each of which has been identified to the Company in writing pursuant to this Section 6.2(g); or 
 (h) the Source does not include assets of any employee benefit plan, other than a plan exempt from the coverage of ERISA. 
 As used in this Section 6.2, the terms “employee benefit plan”, “governmental plan” and “separate account” shall have the respective meanings assigned to such terms in
Section 3 of ERISA. 
 Section 7. Information as to the Company. 

Section 7.1. Financial and Business Information. The Company shall deliver to each Holder that is an Institutional Investor:

 (a) Quarterly Statements — within 55 days after the end of each quarterly fiscal period in each fiscal year of
the Company (other than the last quarterly fiscal period of each such fiscal year), a copy of: 
 (i) an
unaudited consolidated balance sheet of the Company and its Subsidiaries as of the end of such quarter; and 

(ii) unaudited consolidated statements of income, changes in stockholder’s equity and cash flows of the Company and
its Subsidiaries, for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such quarter, 
 setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP applicable to quarterly
financial statements generally, and certified by a Senior Financial Officer as fairly presenting, in all Material respects, the financial position of the companies being reported on and their results of operations and cash flows, subject to changes
resulting from year-end adjustments, provided that delivery within the time period specified above of copies of the Company’s Quarterly Report on Form 10-Q prepared in compliance with the requirements therefor and filed with the SEC shall be
deemed to satisfy the requirements of this Section 7.1(a), provided, further, that the Company shall be deemed to have made such delivery of such Quarterly Report on Form 10-Q if it shall have timely made such Quarterly Report on Form 10-Q
available on “EDGAR” or available on the web site of its parent company on the worldwide web (at the Execution Date located at: http//www.cmsenergy.com) (such availability thereof being referred to as “Electronic
Delivery”); 
 (b) Annual Statements — within 75 days after the end of each fiscal year of the Company, a
copy of: 
 (i) a consolidated balance sheet of the Company and its Subsidiaries as of the end of such year; and

  
 14 

 (ii) consolidated statements of income, changes in stockholder’s equity
and cash flows of the Company and its Subsidiaries for such year, 
 setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied by an opinion thereon of an independent registered public accounting firm of recognized national standing, which opinion shall state that such financial
statements present fairly, in all material respects, the financial position of the companies being reported upon and their results of operations and cash flows and have been prepared in conformity with GAAP, and that the examination of such
accounting firm in connection with such financial statements has been made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for such opinion in the circumstances, and provided that the
delivery within the time period specified above of the Company’s Annual Report on Form 10-K for such fiscal year (together with the Company’s annual report to shareholders, if any, prepared pursuant to Rule 14a-3 under the Securities
Exchange Act of 1934, as amended from time to time) prepared in accordance with the requirements therefor and filed with the SEC shall be deemed to satisfy the requirements of this Section 7.1(b), provided, further, that the Company shall be
deemed to have made such delivery of such Annual Report on Form 10-K if it shall have timely made Electronic Delivery thereof; 

(c) SEC and Other Reports — promptly upon their becoming available, one copy of (i) each financial statement, report,
circular, notice, proxy statement or similar document sent by the Company or any Subsidiary to its principal lending banks (excluding information sent to such principal lending banks in the ordinary course of administration of a bank facility, such
as information relating to pricing and borrowing availability) or to its public securities holders generally, provided that the Company shall be deemed to have made such delivery if it shall have timely made Electronic Delivery, and (ii) each
regular or periodic report, each registration statement (without exhibits except as expressly requested by such Holder), each prospectus and all amendments thereto filed by the Company or any Subsidiary with the SEC and all press releases and other
statements made available generally by the Company or any Subsidiary to the public concerning developments that are Material, provided that the Company shall be deemed to have made such delivery if it shall have timely made Electronic Delivery;

 (d) Notice of Default or Event of Default — promptly, and in any event within five Business Days after a Senior
Financial Officer or any other officer of the Company with responsibility for the administration of the relevant portion of the Indenture becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or
taken any action with respect to a claimed Default under the Indenture, a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto; 

(e) ERISA Matters — promptly, and in any event within five Business Days after a Responsible Officer becoming aware of any of
the following, a written notice setting forth the nature thereof and the action, if any, that the Company or an ERISA Affiliate proposes to take with respect thereto: 

(i) with respect to any Plan, any reportable event, as defined in Section 4043(c) of ERISA and the regulations
thereunder, for which notice thereof has not been waived pursuant to such regulations as in effect on the Execution Date; 

  
 15 

 (ii) the taking by the PBGC of steps to institute, or the threatening by the
PBGC of the institution of, proceedings under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Company or any ERISA Affiliate of a notice from a Multiemployer Plan that
such action has been taken by the PBGC with respect to such Multiemployer Plan; or 
 (iii) any event,
transaction or condition that could result in the incurrence of any liability by the Company or any ERISA Affiliate pursuant to Title I of ERISA or Title IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit
plans, or in the imposition of any Lien on any of the rights, properties or assets of the Company or any ERISA Affiliate pursuant to Title I of ERISA or Title IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken
together with any other such liabilities or Liens then existing, could reasonably be expected to have a Material Adverse Effect; 
 (f) Notices from Governmental Authority — promptly, and in any event within 30 days of receipt thereof, copies of any notice to the Company or any Subsidiary from any federal or state
Governmental Authority relating to any order, ruling, statute or other law or regulation that could reasonably be expected to have a Material Adverse Effect; 
 (g) Certain Notices Under the Indenture — true, correct and complete copies of any notices delivered by the Company directly to any holder of first mortgage bonds pursuant to the terms and
provisions of the Indenture; and 
 (h) Requested Information — with reasonable promptness, such other Material data
and information relating to the business, operations, affairs, financial condition, assets or properties of the Company or any of its Subsidiaries or relating to the ability of the Company to perform its obligations under this Agreement, the
Indenture and the Bonds as from time to time may be reasonably requested by any such Holder, including, without limitation, such information as is required by Rule 144A under the Securities Act to be delivered to any prospective transferee of the
Bonds. 
 Section 7.2. Officer’s Certificate. Each set of financial statements delivered to a Holder pursuant
to Section 7.1(a) or Section 7.1(b) shall be accompanied by a certificate of a Senior Financial Officer setting forth a statement that such Senior Financial Officer has reviewed the relevant terms of this Agreement and the Indenture and
has made, or caused to be made, under his or her supervision, a review of the transactions and conditions of the Company and its Subsidiaries from the beginning of the quarterly or annual period covered by the statements then being furnished to the
date of the certificate and that such review shall not have disclosed the existence during such period of any condition or event that constitutes a Default or an Event of Default or, if any such condition or event existed or exists (including,
without limitation, any such event or condition resulting from the failure of the Company or any Subsidiary to comply with any Environmental Law), specifying the nature and period of existence thereof and what

  
 16 

 
action the Company shall have taken or proposes to take with respect thereto (which, in the case of Electronic Delivery of any such financial statements, shall be by separate concurrent delivery
of such certificate to each Holder (which may be effected by separate concurrent electronic delivery thereof)). 

Section 7.3. Visitation. The Company shall permit the representatives of each Holder that is an Institutional Investor:

 (a) No Default — if no Default or Event of Default then exists, at the expense of such Holder and upon reasonable
prior notice to the Company, to visit the principal executive office of the Company, to discuss the affairs, finances and accounts of the Company and its Subsidiaries with the Company’s Senior Financial Officers, and (with the consent of the
Company, which consent will not be unreasonably withheld) its independent registered public accounting firm, and (with the consent of the Company, which consent will not be unreasonably withheld) to visit the other offices and properties of the
Company and each Subsidiary, all at such reasonable times and as often as may be reasonably requested in writing; and 
 (b)
Default — if a Default or Event of Default then exists, at the expense of the Company, to visit and inspect any of the offices or properties of the Company or any Subsidiary, to examine all their respective books of account, records,
reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers and independent registered public accounting firm (and by this provision the Company
authorizes said accounting firm to discuss the affairs, finances and accounts of the Company and its Subsidiaries), all at such times and as often as may be requested. 
 (c) Confidentiality — notwithstanding the foregoing provisions of this Section 7.3, the Company shall not be obligated to permit any such Holder to so visit, discuss, inspect, examine or
make copies and extracts unless such Holder shall have executed a confidentiality agreement in form and substance reasonably satisfactory to the Company (it being understood that the provisions of Section 15 shall constitute provisions
reasonably satisfactory for this purpose). 
 Section 8. Form of Supplemental Indenture. Each Purchaser, by its purchase of the
Bonds to be sold to such Purchaser at the Closing, consents and agrees to the form and content of the Supplemental Indenture. 

Section 9. Payments on Bonds. So long as any Purchaser or its nominee shall be a Holder, and notwithstanding anything contained in the
Indenture or such Holder’s Bond(s) to the contrary, the Company will pay or cause to be paid all sums becoming due on such Bond(s) for principal, premium, if any, and interest by the method and at the address specified for such purpose below
such Purchaser’s name in Schedule A, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such
Bond(s) or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Bond, such Purchaser shall surrender such Bond for cancellation,
reasonably promptly after any such request, to the Trustee at the place of payment designated pursuant to the Indenture. Prior to any sale or other 

  
 17 

 
disposition of any Bond held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest
has been paid thereon or surrender such Bond to the Company or the Trustee in exchange for a new Bond or Bonds pursuant to the Indenture. The Company will afford the benefits of this Section 9 to any Institutional Investor that is the direct or
indirect transferee of any Bond purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Bond as the Purchasers have made in this Section 9. 
 Section 10. Expenses, Etc. 
 Section 10.1. Transaction
Expenses. Whether or not the transactions contemplated by this Agreement are consummated, the Company will pay all costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required by the Required
Holders, local or other counsel) incurred by the Purchasers and each other Holder in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of this Agreement, the Indenture or the Bonds
(whether or not such amendment, waiver or consent becomes effective), including, without limitation: (a) the costs and expenses incurred in enforcing or defending (or determining whether or how to enforce or defend) any rights under this
Agreement, the Indenture or the Bonds or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Agreement, the Indenture or the Bonds, or by reason of being a Holder; (b) the costs
and expenses, including financial advisors’ fees, incurred in connection with the insolvency or bankruptcy of the Company or any Subsidiary or in connection with any work-out or restructuring of the transactions contemplated by this Agreement,
the Indenture and the Bonds; and (c) the cost of obtaining Private Placement Numbers issued by Standard & Poor’s CUSIP Service Bureau for the Bonds. The Company will pay, and will save each Purchaser and each other Holder harmless
from, all claims in respect of any fees, costs or expenses, if any, of brokers and finders (other than those, if any, retained by a Purchaser or other Holder in connection with its purchase of the Bonds). Notwithstanding the foregoing, the Company
shall not be required to pay any costs or expenses of a Purchaser if such Purchaser shall have failed to purchase any Bonds that it is obligated to purchase under this Agreement. 

Section 10.2. Survival. The obligations of the Company under this Section 10 will survive the payment or transfer of any
Bond, the enforcement, amendment or waiver of any provision of this Agreement, the Indenture or the Bonds, and the termination of this Agreement. 
 Section 11. Survival of Representations and Warranties; Entire Agreement. All representations and warranties contained in this Agreement shall survive the execution and delivery of this
Agreement, the Indenture and the Bonds, the purchase or transfer by any Purchaser of any Bond or portion thereof or interest therein and the payment of any Bond, and may be relied upon by any subsequent Holder, regardless of any investigation made
at any time by or on behalf of such Purchaser or any other Holder. All statements contained in any certificate or other instrument delivered by or on behalf of the Company pursuant to this Agreement or the Indenture shall be deemed representations
and warranties of the Company, as of the date made, under this Agreement. Subject to the preceding sentence, this Agreement, the Indenture and the Bonds embody the entire agreement and understanding between each Purchaser and the Company and
supersede all prior agreements and understandings relating to the subject matter of this Agreement. 

  
 18 

 Section 12. Amendment and Waiver. 

Section 12.1. Requirements. In addition to and not in limitation of any rights of a Holder to amend or waive any provision of
the Indenture or to consent to an amendment or waiver of the Indenture in accordance with the terms of the Indenture, this Agreement may be amended, and the observance of any term of this Agreement may be waived (either retroactively or
prospectively), with (and only with) the written consent of the Company and the Required Holders, except that (a) no amendment or waiver of any of the provisions of Section 1, Section 2, Section 3, Section 4, Section 5,
Section 6 or Section 16, or any defined term (as it is used therein), will be effective as to any Purchaser unless consented to by such Purchaser in writing, and (b) no such amendment or waiver may, without the written consent of each
Holder affected thereby, (i) change the amount or time of any prepayment or payment of principal of, or reduce the rate or change the time of payment or method of computation of interest or premium, if any, on, the Bonds, (ii) change the
percentage of the principal amount of the Bonds the Holders of which are required to consent to any such amendment or waiver or (iii) amend any of Section 12 or Section 15. 

Section 12.2. Solicitation of Holders. 
 (a) Solicitation. The Company will provide each Holder (irrespective of the amount of Bonds then owned by it) with sufficient information, sufficiently far in advance of the date a decision is
required, to enable such Holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the provisions of this Agreement, the Indenture or the Bonds. The Company will deliver
executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 12 to each Holder promptly following the date on which it is executed and delivered by, or receives the consent or
approval of, the requisite percentage of Holders. 
 (b) Payment. The Company will not directly or indirectly pay or
cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security or provide other credit support, to any Holder as consideration for or as an inducement to the entering into by any
Holder of any waiver or amendment of any of the terms and provisions of this Agreement or the Indenture unless such remuneration is concurrently paid, or security is concurrently granted or other credit support concurrently provided, on the same
terms, ratably to each Holder then outstanding even if (in all cases except for the payment solely of a consent fee) such Holder did not consent to such waiver or amendment. 
 Section 12.3. Binding Effect, Etc. Any amendment or waiver consented to as provided in this Section 12 applies equally to all Holders and is binding upon them and upon each future Holder
and upon the Company without regard to whether any Bond has been marked to indicate such amendment or waiver. No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended
or waived or impair any right consequent thereon. No course of dealing between the Company and any Holder nor any delay in exercising any rights under this Agreement, the Indenture or any Bond shall operate as a waiver of any rights of any Holder.
As used herein, the term “this Agreement” and references thereto shall mean this Agreement as it may from time to time be amended or supplemented. 

  
 19 

 Section 12.4. Bonds Held by Company, Etc. Solely for the purpose of determining
whether the Holders of the requisite percentage of the aggregate principal amount of Bonds then outstanding approved or consented to any amendment, waiver or consent to be given under this Agreement, or have directed the taking of any action
provided in this Agreement to be taken upon the direction of the Holders of a specified percentage of the aggregate principal amount of Bonds then outstanding, Bonds directly or indirectly owned by the Company or any of its Affiliates shall be
deemed not to be outstanding. 
 Section 13. Notices. All notices and communications provided for under this Agreement shall be in
writing and sent (a) by telefacsimile if the sender on the same day sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), (b) by registered or certified mail with return receipt requested
(postage prepaid) or (c) by a recognized overnight delivery service (charges prepaid). Any such notice must be sent: 
 (i)
if to any Purchaser or its nominee, to such Purchaser or nominee at the address specified for such communications in Schedule A, or at such other address as such Purchaser or nominee shall have specified to the Company in writing; 

(ii) if to any other Holder, to such Holder at such address as such Holder shall have specified to the Company in writing; 

(iii) if to the Company, to the Company at Consumers Energy Company, One Energy Plaza, Jackson, Michigan 49201, Attention: Treasurer, or
at such other address as the Company shall have specified to the Holders in writing; or 
 (iv) if to the Trustee, to the
Trustee at The Bank of New York Mellon, 101 Barclay Street, New York, New York 10286, or at such other address as the Trustee shall have specified to the Holders in writing. 
 Notices under this Section 13 will be deemed given only when actually received. 

Section 14. Reproduction of Documents. This Agreement, the Indenture and all documents relating to this Agreement and the Indenture,
including, without limitation, (a) consents, waivers and modifications that may be executed after the Execution Date, (b) documents received by any Purchaser at the Closing (except the Bonds themselves), and (c) financial statements,
certificates and other information previously or furnished to any Purchaser after the Execution Date, may be reproduced by such Purchaser by any photographic, photostatic, electronic, digital, microfilm, microcard or other similar process and such
Purchaser may destroy any original document so reproduced. The Company agrees and stipulates that, to the extent permitted by applicable law, any such reproduction shall be admissible in evidence as the original itself in any judicial or
administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made by such Purchaser in the regular course of business) and any enlargement, facsimile or further reproduction of such reproduction
shall likewise be admissible in evidence. This Section 14 shall not prohibit the Company or any Holder from contesting any such reproduction to the same extent that it could contest the original, or from introducing evidence to demonstrate the
inaccuracy of any such reproduction. 

  
 20 

 Section 15. Confidential Information. For the purposes of this Section 15,
“Confidential Information” means information delivered (either orally or in writing) to any Purchaser by or on behalf of the Company or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this
Agreement that is proprietary in nature, provided that such term does not include information that (a) was publicly known or otherwise known to such Purchaser prior to the time of such disclosure, (b) subsequently becomes publicly known
through no act or omission by such Purchaser or any Person acting on such Purchaser’s behalf, (c) otherwise becomes known to such Purchaser other than through disclosure by the Company or any Subsidiary or (d) constitutes financial
statements delivered to such Purchaser under Section 7.1 that are otherwise publicly available. Each Purchaser will maintain the confidentiality of such Confidential Information in accordance with procedures adopted by such Purchaser in good
faith to protect confidential information of third parties delivered to such Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to (i) its directors, trustees, officers, employees, agents, attorneys and
Affiliates (to the extent such disclosure reasonably relates to the administration of the investment represented by its Bonds), (ii) its financial advisors and other professional advisors or any other Holder who agree to hold confidential the
Confidential Information substantially in accordance with the terms of this Section 15, (iii) any Institutional Investor to which it sells or offers to sell such Bond or any part thereof or any participation therein (if such Person has
agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 15), (iv) any Person from which it offers to purchase any Security of the Company (if such Person has agreed in writing
prior to its receipt of such Confidential Information to be bound by the provisions of this Section 15), (v) any federal or state regulatory authority having jurisdiction over such Purchaser, (vi) the NAIC or the SVO or, in each case,
any similar organization, or any nationally recognized rating agency that requires access to information about such Purchaser’s investment portfolio, or (vii) any other Person to which such delivery or disclosure may be necessary or
appropriate (w) to effect compliance with any law, rule, regulation or order applicable to such Purchaser, (x) in response to any subpoena or other legal process, (y) in connection with any litigation to which such Purchaser is a
party or (z) if an Event of Default has occurred and is continuing, to the extent such Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in the enforcement or for the protection of the rights and
remedies under such Purchaser’s Bonds, the Indenture and this Agreement. Any Holder (and any employee, representative or other agent of such Holder) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax
structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to the taxpayer relating to such tax treatment and tax structure. The authorization in the immediately preceding sentence is not
intended to permit, and does not permit, disclosure of any information not related to the tax treatment or tax structure of the transaction, including, for example, the identities of participants or potential participants and any Confidential
Information regarding the operations or finances of the Company and its Subsidiaries. Each Holder, by its acceptance of a Bond, will be deemed to have agreed to be bound by and to be entitled to the benefits of this Section 15 as though it were
a party to this Agreement. On reasonable request by the Company in connection with the delivery to any Holder of information required to be delivered to such Holder under this Agreement or requested by such Holder (other than a Holder that is a
party to this Agreement or its nominee), such Holder will enter into an agreement with the Company embodying the provisions of this Section 15. 

  
 21 

 Section 16. Substitution of Purchaser. Each Purchaser shall have the right to substitute any one
of its Affiliates as the purchaser of the Bonds that it has agreed to purchase pursuant to this Agreement, by written notice to the Company, which notice shall be signed by both such Purchaser and such Affiliate, shall contain such Affiliate’s
agreement to be bound by this Agreement and shall contain a confirmation by such Affiliate of the accuracy with respect to it of the representations set forth in Section 6. Upon receipt of such notice, any reference to such Purchaser in this
Agreement (other than in this Section 16) shall be deemed to refer to such Affiliate in lieu of such original Purchaser. In the event that such Affiliate is so substituted as a Purchaser under this Agreement and such Affiliate thereafter
transfers to such original Purchaser all of the Bonds then held by such Affiliate, upon receipt by the Company of notice of such transfer, any reference to such Affiliate as a “Purchaser” in this Agreement (other than in this
Section 16) shall no longer be deemed to refer to such Affiliate, but shall refer to such original Purchaser, and such original Purchaser shall again have all the rights of an original Holder under this Agreement. 

Section 17. Miscellaneous. 
 Section 17.1. Successors and Assigns. All covenants and other agreements contained in this Agreement by or on behalf of any of the parties to this Agreement bind and inure to the benefit of
their respective successors and assigns (including, without limitation, any subsequent Holder) whether so expressed or not. 

Section 17.2. Payments Due on Non-Business Days. Anything in this Agreement, the Indenture or the Bonds to the contrary
notwithstanding, any payment of principal of or premium or interest on any Bond that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the
interest payable on such next succeeding Business Day; provided that if the maturity date of any Bond is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall
include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. 

Section 17.3. Accounting Terms. All accounting terms used in this Agreement that are not expressly defined in this Agreement
have the meanings respectively given to them in accordance with GAAP. Except as otherwise specifically provided in this Agreement, (a) all computations made pursuant to this Agreement shall be made in accordance with GAAP and (b) all
financial statements shall be prepared in accordance with GAAP. 
 Section 17.4. Severability. Any provision of this
Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Agreement, and any such
prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. No right, power or remedy conferred by this Agreement upon any Holder
shall be exclusive of any other right, power or remedy referred to in this Agreement or now or after the Execution Date available at law, in equity, by statute or otherwise. 

  
 22 

 Section 17.5. Construction, Etc. Each covenant contained in this Agreement shall
be construed (absent express provision to the contrary) as being independent of each other covenant contained in this Agreement, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse
compliance with any other covenant. Where any provision in this Agreement refers to action to be taken by any Person, or that such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or
indirectly by such Person. For the avoidance of doubt, all Schedules and Exhibits attached to this Agreement shall be deemed to be a part of this Agreement. The term “property” or “properties” means, unless otherwise specifically
limited, real or personal property of any kind, tangible or intangible, choate or inchoate. 
 Section 17.6.
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies of this Agreement, each
signed by less than all, but together signed by all, of the parties to this Agreement. 
 Section 17.7. Governing
Law. This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would require the
application of the laws of a jurisdiction other than such State. 
 Section 17.8. Jurisdiction and Process; Waiver of
Jury Trial. 
 (a) Each of the Company and each Purchaser irrevocably submits to the non-exclusive jurisdiction of any New
York State or federal court sitting in the Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Agreement. To the fullest extent permitted by applicable law, each of the Company and each
Purchaser irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or after the Execution Date have to the laying
of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

(b) The Company consents to process being served by or on behalf of any Holder in any suit, action or proceeding of the nature referred
to in Section 17.8(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address specified in Section 13 or at such other address
of which such Holder shall then have been notified pursuant to said Section 13. The Company agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such suit, action or
proceeding and (ii) shall, to the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices under this Agreement shall be conclusively presumed received as evidenced by
a delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 

  
 23 

 (c) Nothing in this Section 17.8 shall affect the right of any Holder to serve process
in any manner permitted by law, or limit any right that the Holders may have to bring proceedings against the Company in the courts of any appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any
other jurisdiction. 
 (d) THE PARTIES TO THIS
AGREEMENT HEREBY WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON OR
WITH RESPECT TO THIS AGREEMENT OR ANY OTHER DOCUMENT EXECUTED IN
CONNECTION WITH THIS AGREEMENT. 

  
 24 

 If you are in agreement with the foregoing, please sign the form of agreement on a
counterpart of this Agreement and return it to the Company, whereupon this Agreement shall become a binding agreement between you and the Company. 
 Very truly yours, 
  

			
	CONSUMERS ENERGY COMPANY
		
	By:	 	/s/ DV Rao
		 	Name: Venkat D. Rao
		 	Title: Vice President and Treasurer

 This Agreement is hereby accepted and agreed to as of the date thereof. 

METLIFE ALICO LIFE INSURANCE K.K. 
  

			
	By:	 	 MetLife Investment Advisors Company, LLC,
 its Investment Manager

		
	By:	 	/s/ John A. Tanyeri
		 	Name: John A. Tanyeri
		 	Title: Director

 METROPOLITAN LIFE INSURANCE COMPANY 
  

			
	By:	 	/s/ John A. Tanyeri
		 	Name: John A. Tanyeri
		 	Title: Director

 UNION FIDELITY LIFE INSURANCE COMPANY 
  

			
	By:	 	 MetLife Investment Advisors Company, LLC,
 its investment adviser

		
	By:	 	/s/ John A. Tanyeri
		 	Name: John A. Tanyeri
		 	Title: Director

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY 
  

			
	By:	 	/s/ Robert T. Maher
		 	Name: Robert T. Maher
		 	Title: Vice President Investment
		
	By:	 	/s/ Shawn Bengtson
		 	Name: Shawn Bengtson
		 	Title: Director Securities

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

AMERICAN REPUBLIC INSURANCE COMPANY 
 BLUE CROSS
AND BLUE SHIELD OF FLORIDA, INC. 
 CATHOLIC UNITED FINANCIAL 
 EQUITABLE LIFE & CASUALTY INSURANCE COMPANY 
 MTL INSURANCE COMPANY 

THE MUTUAL SAVINGS LIFE INSURANCE COMPANY 

RESERVE NATIONAL INSURANCE COMPANY 
 TRUSTMARK
INSURANCE COMPANY 
 UNITED INSURANCE COMPANY OF AMERICA 
 By: Advantus Capital Management, Inc. 
  

			
	By:	 	/s/ James W. Ziegler
		 	Name: James W. Ziegler
		 	Title: Vice President

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

AMERICAN UNITED LIFE INSURANCE COMPANY 
  

			
	By:	 	/s/ Steven T. Holland
		 	Name: Steven T. Holland
		 	Title: Vice President

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

THE STATE LIFE INSURANCE COMPANY 
  

			
	By:	 	/s/ Steven T. Holland
		 	Name: Steven T. Holland
		 	Title: Vice President

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

THRIVENT FINANCIAL FOR LUTHERANS 
  

			
	By:	 	/s/ Alan D. Onstad
		 	Name: Alan D. Onstad
		 	Title: Senior Director

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) 
  

			
	By:	 	/s/ Gavin R. Danaher
		 	Name: Gavin R. Danaher
		 	Title: Managing Director

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

JOHN HANCOCK LIFE & HEALTH INSURANCE COMPANY 
  

			
	By:	 	/s/ Gavin R. Danaher
		 	Name: Gavin R. Danaher
		 	Title: Authorized Signatory

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK 
  

			
	By:	 	/s/ Gavin R. Danaher
		 	Name: Gavin R. Danaher
		 	Title: Authorized Signatory

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

GENWORTH LIFE AND ANNUITY INSURANCE COMPANY 
  

			
	By:	 	/s/ John R. Endres
		 	Name: John R. Endres
		 	Title: Investment Officer

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

GENWORTH LIFE INSURANCE COMPANY 
  

			
	By:	 	/s/ John R. Endres
		 	Name: John R. Endres
		 	Title: Investment Officer

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

GENWORTH LIFE INSURANCE COMPANY OF NEW YORK 
  

			
	By:	 	/s/ John R. Endres
		 	Name: John R. Endres
		 	Title: Investment Officer

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

NEW YORK LIFE INSURANCE COMPANY 
  

			
	By:	 	/s/ Jessica L. Maizel
		 	Name: Jessica L. Maizel
		 	Title: Corporate Vice President

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION 

By: New York Life Investment Management LLC, 

       Its Investment Manager 
  

			
	By:	 	/s/ Jessica L. Maizel
		 	Name: Jessica L. Maizel
		 	Title: Vice President

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY 

By: Babson Capital Management LLC 

       as Investment Adviser 
  

			
	By:	 	/s/ Mark B. Ackerman
		 	Name: Mark B. Ackerman
		 	Title: Managing Director

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

PROTECTIVE LIFE INSURANCE COMPANY 
  

			
	By:	 	/s/ Philip E. Passafiume
		 	Name: Philip E. Passafiume
		 	Title: Director, Fixed Income

  
 Signature Page

 (to Bond Purchase Agreement) 

 This Agreement is hereby accepted and agreed to as of the date thereof. 

CMFG LIFE INSURANCE COMPANY 
  

			
	By:	 	 MEMBERS Capital Advisors, Inc.

Acting as Investment Advisor

		
	By:	 	/s/ Allen R. Cantrell
		 	Name: Allen R. Cantrell
		 	Title: Managing Director, Investments

  
 Signature Page

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 METLIFE ALICO LIFE INSURANCE K.K.
	  	$	25,000,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of MetLife Alico Life Insurance K.K. 

 

	2.	Original Bonds delivered (via registered mail) to: 

 MetLife Investment Advisors Company, LLC 
 Securities Investments, Law
Department 
 P.O. Box 1902 
 10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Daniel Kenney, Esq. 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	 Bank Name:
	  	Citibank New York
		  	111 Wall Street, New York, New York 10005 (USA)
	 ABA Routing #:
	  	021000089
	 Acct No./DDA:
	  	30872002
	 Acct Name:
	  	METLIFE ALICO PP NON-GGA
	 Ref:
	  	Consumers Energy Company 3.19% Due 12/16/24

 with sufficient information to identify the source and application of such funds, including issuer, PPN#,
interest rate, maturity and whether payment is of principal, interest, make whole amount or otherwise. For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence
of instructions to the contrary, will make such payments to the account and in the manner set forth above. 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 Alico Asset Management Corp. (Japan) 
 Administration Department 

ARCA East 7F, 3-2-1 Kinshi 
 Sumida-ku, Tokyo 130-0013 Japan 

Attention:        Administration Dept. Manager 

Email:              saura@metlife.co.jp 

  
 Schedule A

 (to Bond Purchase Agreement) 

 With a copy to: 
 MetLife Investment Advisors Company, LLC 
 Investments, Private Placements

 P.O. Box 1902 
 10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Director 
 Facsimile: (973) 355-4250 
 With another copy OTHER than with respect to
deliveries of financial statements to: 
 MetLife Investment Advisors Company, LLC 

P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	5.	All other communications: 

 Alico
Asset Management Corp. (Japan) 
 Administration Department 

ARCA East 7F, 3-2-1 Kinshi 
 Sumida-ku, Tokyo 130-0013 Japan 

Attention:        Administration Dept. Manager 

Email:              saura@metlife.co.jp 

With a copy to: 

MetLife Investment Advisors Company, LLC 
 Investments, Private Placements 
 P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Director 
 Facsimile: (973) 355-4250 

  
 Schedule A

 (to Bond Purchase Agreement) 

 With another copy OTHER than with respect to deliveries of financial statements to:

 MetLife Investment Advisors Company, LLC 
 P.O. Box 1902 
 10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	6.	Taxpayer identification number: 98-1037269 (USA) and 00661996 (Japan) 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 METROPOLITAN LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	30,000,000	  

  

	1.	Bonds to be registered in the name of Metropolitan Life Insurance Company 

 

	2.	Original Bonds delivered (via registered mail) to: 

 Metropolitan Life Insurance Company 
 Securities Investments, Law
Department 
 P.O. Box 1902 
 10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Daniel Kenney, Esq. 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	 Bank Name:
	  	JPMorgan Chase Bank
	 ABA Routing #:
	  	021-000-021
	 Account No.:
	  	002-2-410591
	 Account Name:
	  	Metropolitan Life Insurance Company
	 Ref:
	  	Consumers Energy Company 4.31% Due 12/15/42

 with sufficient information to identify the source and application of such funds, including issuer, PPN#,
interest rate, maturity and whether payment is of principal, interest, make whole amount or otherwise. 
 For all payments other
than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of instructions to the contrary, will make such payments to the account and in the manner set forth above. 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 Metropolitan Life Insurance Company 
 Investments, Private Placements 

P.O. Box 1902 

10 Park Avenue 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Morristown, New Jersey 07962-1902 

Attention: Director 
 Facsimile: (973) 355-4250 
 With another copy OTHER than with respect to
deliveries of financial statements to: 
 Metropolitan Life Insurance Company 

P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	5.	All other communications: 

Metropolitan Life Insurance Company 
 Investments, Private Placements 
 P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Director 
 Facsimile: (973) 355-4250 

With another copy OTHER than with respect to deliveries of financial statements to: 

Metropolitan Life Insurance Company 
 P.O. Box 1902 
 10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	6.	Taxpayer identification number: 13-5581829 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 UNION FIDELITY LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	8,000,000	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered (via registered mail) to: 

 Bank of New York Mellon 
 1 Wall Street 

3rd Floor Window A 
 New York, NY 10286 
 Attention: Anthony Saviano 

212-635-6764 
 With COPIES OF THE NOTES emailed to dkenney2@metlife.com 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	 Bank Name:
	  	Bank of New York Mellon
	 ABA Routing #:
	  	021000018
	 Account No.:
	  	127043
	 Account Name:
	  	Union Fidelity Life Insurance Company
	 Ref:
	  	FRGECSS PP – Consumers Energy Company 4.31% Due 12/15/2042

 with sufficient information to identify the source and application of such funds, including issuer, PPN#,
interest rate, maturity and whether payment is of principal, interest, make whole amount or otherwise. 
 For all payments other
than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of instructions to the contrary, will make such payments to the account and in the manner set forth above. 

  
 Schedule A

 (to Bond Purchase Agreement) 

	4.	All notices of payments and written confirmations of such wire transfers: 

 Union Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC

 Investments, Private Placements 
 P.O. Box 1902 
 10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Director 
 Facsimile (973) 355-4250 

With a copy OTHER than with respect to deliveries of financial statements to: 

Union Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC 
 P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	5.	All other communications: 

 Union
Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC 

Investments, Private Placements 
 P.O. Box 1902 
 10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Director 
 Facsimile (973) 355-4250 

With a copy OTHER than with respect to deliveries of financial statements to: 

Union Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC 
 P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	6.	Taxpayer identification number: 13-6062916 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 UNION FIDELITY LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	7,000,000	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered (via registered mail) to: 

 Bank of New York Mellon 
 1 Wall Street 

3rd Floor Window A 
 New York, NY 10286 
 Attention: Anthony Saviano 

212-635-6764 
 With COPIES OF THE NOTES emailed to dkenney2@metlife.com 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	 Bank Name:
	  	Bank of New York Mellon
	 ABA Routing #:
	  	021000018
	 Account No.:
	  	127036
	 Account Name:
	  	Union Fidelity Life Insurance Company
	 Ref:
	  	FRFCLSS PP– Consumers Energy Company 4.31% Due 12/15/2042

 with sufficient information to identify the source and application of such funds, including issuer, PPN#,
interest rate, maturity and whether payment is of principal, interest, make whole amount or otherwise. 
 For all payments other
than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of instructions to the contrary, will make such payments to the account and in the manner set forth above. 

  
 Schedule A

 (to Bond Purchase Agreement) 

	4.	All notices of payments and written confirmations of such wire transfers: 

 Union Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC

 Investments, Private Placements 
 P.O. Box 1902 
 10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Director 
 Facsimile (973) 355-4250 

With a copy OTHER than with respect to deliveries of financial statements to: 

Union Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC 
 P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	5.	All other communications: 

 Union
Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC 

Investments, Private Placements 
 P.O. Box 1902 
 10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Director 
 Facsimile (973) 355-4250 

With a copy OTHER than with respect to deliveries of financial statements to: 

Union Fidelity Life Insurance Company 
 c/o MetLife Investment Advisors Company LLC 
 P.O. Box 1902 

10 Park Avenue 

Morristown, New Jersey 07962-1902 
 Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 
  

	6.	Taxpayer identification number: 13-6062916 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 WOODMEN OF THE WORLD LIFE INSURANCE
SOCIETY
	  	$	20,000,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Woodmen of the World Life Insurance Society 

 

	2.	Original Bonds delivered (via registered mail) to: 

 Woodmen of the World Life Insurance Society 
 Attn: Securities Department

 1700 Farnam Street 
 Omaha, Nebraska 68102 
  

	3.	All payments by wire transfer of immediately available funds to: 

 U.S. Bank, N.A. 
 1700 Farnam Street 

Omaha, Nebraska 68102 
 ABA # 104000029 
 For the Account of WOW 

Account # 148747770730 
 with the following accompanying information: 
 Name of Company 

Description of Security 
 PPN No. 
 Due Date and Application (as among principal, make whole and interest) of
the payment being made 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 Woodmen of the World Life Insurance Society 
 Attn: Securities Department

 1700 Farnam Street 
 Omaha, Nebraska 68102 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

Woodmen of the World Life Insurance Society 
 Attn: Securities Department 
 1700 Farnam Street 

Omaha, Nebraska 68102 
  

	6.	Taxpayer identification number: 47-0339250 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 MTL INSURANCE COMPANY
	  	$	2,000,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of ELL & Co. 

  

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

MTL Insurance Company 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 36-6412623 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 AMERICAN REPUBLIC INSURANCE COMPANY
	  	$	1,500,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Wells Fargo Bank N.A. as custodian for American Republic Insurance Company 

 

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

American Republic Insurance Company 
 c/o Advantus Capital Management Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 94-1347393 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 BLUE CROSS AND BLUE SHIELD OF
FLORIDA, INC.
	  	$	1,500,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

Blue Cross and Blue Shield of Florida, Inc. 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 13-6062916 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 TRUSTMARK INSURANCE COMPANY
	  	$	1,000,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of ELL & Co. 

  

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

Trustmark Insurance Company 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
 with a copy sent electronically to: 

 

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 36-6412623 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 CATHOLIC UNITED FINANCIAL
	  	$	500,000	  	  	$	0	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Wells Fargo Bank N.A. FBO Catholic United Financial 

 

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

Catholic United Financial 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 94-1347393 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 THE MUTUAL SAVINGS LIFE INSURANCE
COMPANY
	  	$	0	  	  	$	2,000,000	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Band & Co. 

  

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

The Mutual Savings Life Insurance Company 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 39-6039160 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 UNITED INSURANCE COMPANY OF AMERICA
	  	$	0	  	  	$	2,000,000	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

United Insurance Company of America 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 13-6062916 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 RESERVE NATIONAL INSURANCE COMPANY
	  	$	0	  	  	$	1,000,000	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

Reserve National Insurance Company 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 13-6062916 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 EQUITABLE LIFE & CASUALTY INSURANCE
COMPANY
	  	$	0	  	  	$	500,000	  	  	$	0	  

  

	1.	Bonds to be registered in the name of Wells Fargo Bank N.A. as custodian for Equitable Life & Casualty Insurance Company 

 

	2.	Original Bonds delivered in accordance with instructions furnished to Pillsbury Winthrop Shaw Pittman LLP 

 

	3.	All payments by wire transfer of immediately available funds to: 

 Please contact Advantus Operations to securely obtain wire transfer instructions. 

E-mail: AdvantusPrivates@advantuscapital.com 
 Phone: 651-665-5501 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices and communications: 

All notices and statements should be sent electronically via Email to: privateplacements@advantuscapital.com. If Email is
unavailable or if the Email is returned for any reason (including receipt of a message that the Email is undeliverable), such notice and statements should be sent to the following address: 

Equitable Life & Casualty Insurance Company 
 c/o Advantus Capital Management, Inc. 
 400 Robert Street North 

St. Paul, MN 55101 
 Attn: Client Administrator 
  

	5.	Intentionally Omitted 

  

	6.	Taxpayer identification number: 94-1347393 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 AMERICAN UNITED LIFE INSURANCE COMPANY
	  	$	0	  	  	$	7,500,000	  	  	$	0	  

  

	1.	Bonds to be registered in the name of American United Life Insurance Company 

 

	2.	Original Bonds delivered (via registered mail) to: 

 Bank of New York 
 One Wall Street, 3rd Floor 

New York, NY 10286 
 American United Life, #186683 
 Attn: Anthony Saviano / Window A

 Cc: Michele Morris / NYC Physical Desk on all correspondence 

 

	3.	All payments by wire transfer of immediately available funds to: 

 AMERICAN UNITED LIFE INSURANCE COMPANY 
 Bank of New York 

ABA #021000018 

CREDIT A/C: GLA111566 
 A/C Name: American United Life Insurance Co. 
 Account#: 186683 

P & I Breakdown: 
 RE: 210518 D*4 and Consumers Energy Company 
 Payments should contain sufficient
information to identify the breakdown of principal and interest and should identify the full description of the bond and the payment date 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 American United Life Insurance Company 
 ATTN: Mike Bullock, Securities Department

 One American Square 
 Post Office Box 368 
 Indianapolis, IN 46206 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

American United Life Insurance Company 
 ATTN: Mike Bullock, Securities Department 
 One American Square 

Post Office Box 368 
 Indianapolis, IN 46206 
  

	6.	Taxpayer identification number: 35-0145825 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 THE STATE LIFE INSURANCE COMPANY
	  	$	0	  	  	$	7,500,000	  	  	$	0	  

  

	1.	Bonds to be registered in the name of The State Life Insurance Company 

 

	2.	Original Bonds delivered (via registered mail) to: 

 Bank of New York 
 One Wall Street, 3rd Floor 

New York, NY 10286 
 The State Life Insurance Co. 
 c/o American United Life Insurance
Company, #343761 
 Attn: Anthony Saviano / Window A 

Cc: Michele Morris / NYC Physical Desk on all correspondence 

 

	3.	All payments by wire transfer of immediately available funds to: 

 THE STATE LIFE INSURANCE COMPANY 
 Bank of New York 

ABA #021000018 

CREDIT A/C: GLA111566 
 A/C Name: The State Life Insurance Co. 
 Account##: 343761 

P & I Breakdown: 
 RE: 210518 D*4 and Consumers Energy Company 
 Payments should contain sufficient
information to identify the breakdown of principal and interest and should identify the full description of the bond and the payment date 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 American United Life Insurance Company 
 ATTN: Mike Bullock, Securities Department

 One American Square 
 Post Office Box 368 
 Indianapolis, IN 46206 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

American United Life Insurance Company 
 ATTN: Mike Bullock, Securities Department 
 One American Square 

Post Office Box 368 
 Indianapolis, IN 46206 
  

	6.	Taxpayer identification number: 35-0684263 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 THRIVENT FINANCIAL FOR LUTHERANS
	  	$	0	  	  	$	15,000,000	  	  	$	35,000,000	  

  

	1.	Bonds to be registered in the name of Swanbird & Co. (Bonds to be issued in $5,000,000 increments) 

 

	2.	Original Bonds delivered (via registered mail) to: 

 DTC/New York Window 
 55 Water Street 

Plaza Level – 3rd Floor 
 New York, NY 10041 
 Attention: Robert Mendez 

Account: State Street 
 Fund Name: Thrivent Financial for Lutherans 
 Fund Number: NCE1

 Nominee Name: Swanbird & Co. 
 Nominee Tax ID Number: 04-3475606 
 with a copy to: 

Thrivent Financial for Lutherans 
 Tina Smith, Senior Counsel-Private Investments 
 625 Fourth Avenue South, MS 1100

 Minneapolis, MN 55415 
 Tina.smith@thrivent.com 
  

	3.	All payments by wire transfer of immediately available funds to: 

 ABA # 011000028 
 State Street Bank & Trust Co. 

DDA # A/C – 6813-049-1 
 Fund Number: NCE1 
 Fund Name: Thrivent Financial for Lutherans 

  
 Schedule A

 (to Bond Purchase Agreement) 

 with sufficient information to identify the source and application of such funds including:

 Security Description, Private Placement Number, Reference Purpose of Payment, Interest and/or Principal Breakdown 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 Investment Division-Private Placements 
 ATT: Alan D. Onstad 

Thrivent Financial for Lutherans 
 625 Fourth Avenue South 
 Minneapolis, MN 55415 

Fax: (612) 844-4027 
 Email: privateinvestments@thrivent.com 
 with a copy to: 

Thrivent Accounts 

State Street Kansas City 
 801 Pennsylvania 
 Kansas City, MO 64105 

Attention: Brian Kershner 
 Fax: (816) 871-5509 
  

	5.	All other communications: 

Thrivent Financial for Lutherans 
 Attn: Investment Division-Private Placements 
 625 Fourth Avenue South 

Minneapolis, MN 55415 
 Fax: (612) 844-4027 
 Email: privateinvestments@thrivent.com

  

	6.	Taxpayer identification number: 04-3475606 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 JOHN HANCOCK LIFE INSURANCE COMPANY
(U.S.A.)
	  	$	0	  	  	$	0	  	  	$	40,000,000	  

  

	1.	Bonds to be registered in the name of John Hancock Life Insurance Company (U.S.A.) (Bonds to be issued in increments of $35,000,000 and $5,000,000)

  

	2.	Original Bonds delivered (via registered mail) to: 

 John Hancock Financial Services 
 197 Clarendon Street, C-3-17

 Boston, MA 02116 
 Attention: John T. Wallace 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	Bank Name:	 	Bank of New York Mellon
	ABA Number:	 	011001234
	Account Number:	 	JPPF1001002
	Account Name:	 	US PP Collector F008
	For Further Credit to:	 	DDA Number 000048771
	On Order of:	 	Consumers Energy Corporation

 with sufficient information to identify the source and application of such funds 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 John Hancock Financial Services 
 197 Clarendon Street 

Boston, MA 02116 

Attention: US Securities Operations, C-4 
 Fax Number: (617) 572-0628 
 Email: bossecops@jhancock.com 

and 

  
 Schedule A

 (to Bond Purchase Agreement) 

 John Hancock Financial Services 

197 Clarendon Street 
 Boston, MA 02116 
 Attention: Investment Administration, C-4 

Fax Number: (617) 572-5495 
 Email: InvestmentAdministration@jhancock.com 
  

	5.	All other communications: 

 John
Hancock Financial Services 
 197 Clarendon Street 
 Boston, MA 02116 
 Attention: Investment Law, C-3 

Fax Number: (617) 572-9269 
 and 
 John Hancock Financial Services 

197 Clarendon Street 
 Boston, MA 02116 
 Attention: Bond and Corporate Finance, C-2 

Fax Number: (617) 572-5068 
  

	6.	Taxpayer identification number: 01-0233346 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	 PRINCIPAL
AMOUNT OF
2042
BONDS
 TO BE
PURCHASED
	 
	 JOHN HANCOCK LIFE & HEALTH INSURANCE
COMPANY
	  	$	0	  	  	$	0	  	  	$	15,000,000	  

  

	1.	Bonds to be registered in the name of John Hancock Life & Health Insurance Company 

 

	2.	Original Bonds delivered (via registered mail) to: 

 John Hancock Financial Services 
 197 Clarendon Street, C-3-17

 Boston, MA 02116 
 Attention: John T. Wallace 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	Bank Name:	 	Bank of New York Mellon
	ABA Number:	 	011001234
	Account Number:	 	JPPF1001002
	Account Name:	 	US PP Collector F008
	For Further Credit to:	 	DDA Number 000048771
	On Order of:	 	Consumers Energy Corporation

 with sufficient information to identify the source and application of such funds 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 John Hancock Financial Services 
 197 Clarendon Street 

Boston, MA 02116 

Attention: US Securities Operations, C-4 
 Fax Number: (617) 572-0628 
 Email: bossecops@jhancock.com 

and 

  
 Schedule A

 (to Bond Purchase Agreement) 

 John Hancock Financial Services 

197 Clarendon Street 
 Boston, MA 02116 
 Attention: Investment Administration, C-4 

Fax Number: (617) 572-5495 
 Email: InvestmentAdministration@jhancock.com 
  

	5.	All other communications: 

 John
Hancock Financial Services 
 197 Clarendon Street 
 Boston, MA 02116 
 Attention: Investment Law, C-3 

Fax Number: (617) 572-9269 
 and 
 John Hancock Financial Services 

197 Clarendon Street 
 Boston, MA 02116 
 Attention: Bond and Corporate Finance, C-2 

Fax Number: (617) 572-5068 
  

	6.	Taxpayer identification number: 13-3072894 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	 PRINCIPAL
AMOUNT OF
2042
BONDS
 TO BE
PURCHASED
	 
	 JOHN HANCOCK LIFE INSURANCE COMPANY OF
NEW YORK
	  	$	0	  	  	$	0	  	  	$	15,000,000	  

  

	1.	Bonds to be registered in the name of John Hancock Life Insurance Company of New York 

 

	2.	Original Bonds delivered (via registered mail) to: 

 John Hancock Financial Services 
 197 Clarendon Street, C-3-17

 Boston, MA 02116 
 Attention: John T. Wallace 
  

	3.	All payments by wire transfer of immediately available funds to: 

  

			
	Bank Name:	 	Bank of New York Mellon
	ABA Number:	 	011001234
	Account Number:	 	JPPF1001002
	Account Name:	 	US PP Collector F008
	For Further Credit to:	 	DDA Number 000048771
	On Order of:	 	Consumers Energy Corporation

 with sufficient information to identify the source and application of such funds 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 John Hancock Financial Services 
 197 Clarendon Street 

Boston, MA 02116 

Attention: US Securities Operations, C-4 
 Fax Number: (617) 572-0628 
 Email: bossecops@jhancock.com 

and 

  
 Schedule A

 (to Bond Purchase Agreement) 

 John Hancock Financial Services 

197 Clarendon Street 
 Boston, MA 02116 
 Attention: Investment Administration, C-4 

Fax Number: (617) 572-5495 
 Email: InvestmentAdministration@jhancock.com 
  

	5.	All other communications: 

 John
Hancock Financial Services 
 197 Clarendon Street 
 Boston, MA 02116 
 Attention: Investment Law, C-3 

Fax Number: (617) 572-9269 
 and 
 John Hancock Financial Services 

197 Clarendon Street 
 Boston, MA 02116 
 Attention: Bond and Corporate Finance, C-2 

Fax Number: (617) 572-5068 
  

	6.	Taxpayer identification number: 13-3646501 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	 PRINCIPAL
AMOUNT OF
2042
BONDS
 TO BE
PURCHASED
	 
	 GENWORTH LIFE AND ANNUITY INSURANCE
COMPANY
	  	$	0	  	  	$	0	  	  	$	10,000,000	  

  

	1.	Bonds to be registered in the name of Hare & Co. (Bonds to be issued in $5,000,000 increments) 

 

	2.	Original Bonds delivered (via registered mail) to: 

 The Bank of New York 
 One Wall Street 

Window A, 3rd Floor 
 New York, NY 10286 
 Intentionally Omitted 

 

	3.	Intentionally Omitted 

  

	4.	All notices of payments and written confirmations of such wire transfers: 

 Genworth Financial, Inc. 
 Account: Genworth Life and Annuity Insurance Company

 3001 Summer Street, 2nd Floor 
 Stamford, CT 06905 
 Attn: Private Placements 

Intentionally Omitted 
 If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 
 and 
 Genworth Financial, Inc. 

Account: Genworth Life and Annuity Insurance Company 
 3001 Summer Street 
 Stamford, CT 06905 

Attn: Trade Operations 
 Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

 If available, an electronic copy is additionally requested. Please send to the following
e-mail address: Intentionally Omitted 
 and 
 The Bank of New York 
 Income Collection Department 

P.O. Box 19266 

Newark, NJ 07195 

Attn: PP P&I Department 
 Intentionally Omitted 
  

	5.	All other communications: 

Genworth Financial, Inc. 
 Account: Genworth Life and Annuity Insurance Company 
 3001 Summer Street, 2nd
Floor 
 Stamford, CT 06905 
 Attn: Private Placements 
 Intentionally Omitted 

If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 

and 
 Genworth
Financial, Inc. 
 Account: Genworth Life and Annuity Insurance Company 

3001 Summer Street 
 Stamford, CT 06905 
 Attn: Trade Operations 

Intentionally Omitted 
 If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 
 and 
 The Bank of New York 

Income Collection Department 
 P.O. Box 19266 
 Newark, NJ 07195 

Attn: PP P&I Department 
 Intentionally Omitted 
  

	6.	Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	 PRINCIPAL
AMOUNT OF
2042
BONDS
 TO BE
PURCHASED
	 
	 GENWORTH LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	15,000,000	  

  

	1.	Bonds to be registered in the name of Hare & Co. (Bonds to be issued in $5,000,000 increments) 

 

	2.	Original Bonds delivered (via registered mail) to: 

 The Bank of New York 
 One Wall Street 

Window A, 3rd Floor 
 New York, NY 10286 
 Intentionally Omitted 

 

	3.	Intentionally Omitted 

  

	4.	All notices of payments and written confirmations of such wire transfers: 

 Genworth Financial, Inc. 
 Account: Genworth Life Insurance Company 

3001 Summer Street, 2nd Floor 
 Stamford, CT 06905 
 Attn: Private Placements 

Intentionally Omitted 
 If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 
 and 
 Genworth Financial, Inc. 

Account: Genworth Life Insurance Company 
 3001 Summer Street 
 Stamford, CT 06905 

Attn: Trade Operations 
 Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

 If available, an electronic copy is additionally requested. Please send to the following
e-mail address: Intentionally Omitted 
 and 
 The Bank of New York 
 Income Collection Department 

P.O. Box 19266 

Newark, NJ 07195 

Attn: PP P&I Department 
 Intentionally Omitted 
  

	5.	All other communications: 

Genworth Financial, Inc. 
 Account: Genworth Life Insurance Company 
 3001 Summer Street, 2nd Floor

 Stamford, CT 06905 
 Attn: Private Placements 
 Intentionally Omitted 

If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 

and 
 Genworth
Financial, Inc. 
 Account: Genworth Life Insurance Company 

3001 Summer Street 
 Stamford, CT 06905 
 Attn: Trade Operations 

Intentionally Omitted 
 If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 
 and 
 The Bank of New York 

Income Collection Department 
 P.O. Box 19266 
 Newark, NJ 07195 

Attn: PP P&I Department 
 Intentionally Omitted 
  

	6.	Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 GENWORTH LIFE INSURANCE COMPANY OF NEW
YORK
	  	$	0	  	  	$	0	  	  	$	5,000,000	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered (via registered mail) to: 

 The Bank of New York 
 One Wall Street 

Window A, 3rd Floor 
 New York, NY 10286 
 Intentionally Omitted 

 

	3.	Intentionally Omitted 

  

	4.	All notices of payments and written confirmations of such wire transfers: 

 Genworth Financial, Inc. 
 Account: Genworth Life Insurance Company of New York

 3001 Summer Street, 2nd Floor 
 Stamford, CT 06905 
 Attn: Private Placements 

Intentionally Omitted 
 If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 
 and 
 Genworth Financial, Inc. 

Account: Genworth Life Insurance Company of New York 
 3001 Summer Street 
 Stamford, CT 06905 

Attn: Trade Operations 
 Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

 If available, an electronic copy is additionally requested. Please send to the following
e-mail address: Intentionally Omitted 
 and 
 The Bank of New York 
 Income Collection Department 

P.O. Box 19266 

Newark, NJ 07195 

Attn: PP P&I Department 
 Intentionally Omitted 
  

	5.	All other communications: 

Genworth Financial, Inc. 
 Account: Genworth Life Insurance Company of New York 
 3001 Summer Street, 2nd
Floor 
 Stamford, CT 06905 
 Attn: Private Placements 
 Intentionally Omitted 

If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 

and 
 Genworth
Financial, Inc. 
 Account: Genworth Life Insurance Company of New York 

3001 Summer Street 
 Stamford, CT 06905 
 Attn: Trade Operations 

Intentionally Omitted 
 If available, an electronic copy is additionally requested. Please send to the following e-mail address: Intentionally Omitted 
 and 
 The Bank of New York 

Income Collection Department 
 P.O. Box 19266 
 Newark, NJ 07195 

Attn: PP P&I Department 
 Intentionally Omitted 
  

	6.	Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	 PRINCIPAL
AMOUNT OF
2042 BONDS

TO BE
PURCHASED
	 
	 NEW YORK LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	23,100,000	  

  

	1.	Bonds to be registered in the name of New York Life Insurance Company 

 

	2.	Original Bonds delivered (via registered mail) to: 

 New York Life Insurance Company 
 c/o New York Life Investment Management
LLC 
 51 Madison Avenue 
 2nd Floor, Room
208 
 New York, New York 10010-1603 

 

			
	Attention:	  	Securities Operations
		  	Private Group
		  	2nd Floor
		  	Fax #: 908-840-3385

  

	3.	All payments by wire transfer of immediately available funds to: 

 Intentionally Omitted 
 with sufficient information (including issuer, PPN number,
interest rate, maturity and whether payment is of principal, premium, or interest) to identify the source and application of such funds. 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 New York Life Insurance Company 
 c/o New York Life Investment Management LLC

 51 Madison Avenue 
 2nd Floor,
Room 208 
 New York, New York 10010-1603 
  

			
	Attention:	  	Securities Operations
		  	Private Group
		  	2nd Floor
		  	Fax #: 908-840-3385

 with a copy sent electronically to: 

Intentionally Omitted 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

 New
York Life Insurance Company 
 c/o New York Life Investment Management LLC 

51 Madison Avenue 
 2nd Floor,
Room 208 
 New York, New York 10010 
  

			
	Attention:	  	Fixed Income Investors Group
		  	Private Finance
		  	2nd Floor
		  	Fax #: (212) 447-4122

 with a copy sent electronically to: 

Intentionally Omitted 
 and with a copy of any notices regarding defaults or Events of Default under the operative documents to: 
  

			
	Attention:	  	Office of General Counsel
		  	Investment Section, Room 1016
		  	Fax #: (212) 576-8340

  
 Schedule A

 (to Bond Purchase Agreement) 

	6.	Intentionally omitted 

Schedule A 

Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 NEW YORK LIFE INSURANCE AND ANNUITY
CORPORATION
	  	$	0	  	  	$	0	  	  	$	6,900,000	  

  

	1.	Bonds to be registered in the name of New York Life Insurance and Annuity Corporation 

 

	2.	Original Bonds delivered (via registered mail) to: 

 New York Life Insurance and Annuity Corporation 
 c/o New York Life
Investment Management LLC 
 51 Madison Avenue 

2nd Floor, Room 208 
 New York, New York 10010-1603 
  

			
	Attention:	  	Securities Operation
		  	Private Group
		  	2nd Floor
		  	Fax #: 908-840-3385

  

	3.	All payments by wire transfer of immediately available funds to: 

 Intentionally Omitted 
 with sufficient information (including issuer, PPN number,
interest rate, maturity and whether payment is of principal, premium, or interest) to identify the source and application of such funds. 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 New York Life Insurance and Annuity Corporation 
 c/o New York Life Investment
Management LLC 
 51 Madison Avenue 
 2nd Floor,
Room 208 
 New York, New York 10010-1603 

  
 Schedule A

 (to Bond Purchase Agreement) 

			
	Attention:	  	Securities Operation
		  	Private Group
		  	2nd Floor
		  	Fax #: 908-840-3385

 with a copy sent electronically to: 

Intentionally Omitted 
  

	5.	All other communications: 

 New
York Life Insurance and Annuity Corporation 
 c/o New York Life Investment Management LLC 

51 Madison Avenue 
 2nd Floor,
Room 208 
 New York, New York 10010-1603 
  

			
	Attention:	  	Fixed Income Investors Group
		  	Private Finance
		  	2nd Floor
		  	Fax #: (212) 447-4122

 with a copy sent electronically to: 

Intentionally Omitted 
 and with a copy of any notices regarding defaults or Events of Default under the operative documents to: 
  

			
	Attention:	  	Office of General Counsel
		  	Investment Section, Room 1016
		  	Fax #: (212) 576-8340

  
 Schedule A

 (to Bond Purchase Agreement) 

	6.	Intentionally omitted 

Schedule A 

Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 MASSACHUSETTS MUTUAL LIFE INSURANCE
COMPANY
	  	$	0	  	  	$	0	  	  	$	28,000,000	  

  

	1.	Bonds to be registered in the name of Massachusetts Mutual Life Insurance Company 

 

	2.	Original Bonds delivered (via registered mail) to: 

 Steve Katz, Counsel 
 Babson Capital Management LLC 

1500 Main Street, Suite 2800 
 Springfield, MA 01115-5189 
 Telephone: 413-226-1059 

Facsimile: 413-226-2059 
 E-mail: skatz@babsoncapital.com 
  

	3.	All payments by wire transfer of immediately available funds to: 

 MassMutual Co-Owned Account 
 Citibank 

New York, New York 
 ABA # 021000089 
 Acct # 30510685 

with sufficient information to identify the source and application of such funds, including description of security, CUSIP, principal and
interest split 
 with telephone advice of payment to the Securities Custody and Collection 

Department of Babson Capital Management LLC at (413) 226-1754 or (413) 226-1803 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 Massachusetts Mutual Life Insurance Company 
 c/o Babson Capital Management LLC

 1500 Main Street – Suite 2200 
 PO Box 15189 
 Springfield, MA 01115-5189 

Attn: Securities Custody and Collection Department 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

Massachusetts Mutual Life Insurance Company 
 c/o Babson Capital Management LLC 
 1500 Main Street – Suite 2200 

PO Box 15189 

Springfield, MA 01115-5189 
 Attn: Securities Investment Division 
 Electronic delivery of financials and other
information: 
 privateplacements@babsoncapital.com 

 

	6.	Taxpayer identification number: 04-1590850 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 PROTECTIVE LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	15,000,000	  

  

	1.	Bonds to be registered in the name of Hare & Co. 

  

	2.	Original Bonds delivered (via registered mail) to: 

 The Bank of New York 
 One Wall Street, 3rd floor, Window “A”

 New York, N.Y. 10286 
 CUSTODY A/C # 294412 
 CUST NAME: PROTECTIVE LIFE INSURANCE COMPANY

  

	3.	All payments by wire transfer of immediately available funds to: 

 THE BANK OF NEW YORK 
 ABA #: 021 000 018 

BNF: IOC566 

ATTN: PP P & I Department 
 FFC CUSTODY #: 0000294412 
 CUST. NAME: Protective Life Ins., Co. 

REF: Protective Life Ins., Co. / 
 PPN: 210518 D@2 
 with sufficient information to identify the source and
application of such funds 
  

	4.	All notices of payments and written confirmations of such wire transfers: 

 middleoffice@protective.com 
 Protective Life Insurance Co. ( PLI )

 Attn: Investment Department – Jamie Broadhead 
 2801 Hwy. 280 South 
 Birmingham, AL 35223 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

middleoffice@protective.com 
 Protective Life Insurance Co. ( PLI ) 
 Attn: Investment Department – Jamie
Broadhead 
 2801 Hwy. 280 South 
 Birmingham, AL 35223 
  

	6.	Taxpayer identification number: 13-6062916 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule A 
 Information Relating to Purchasers 
  

													
	NAME OF PURCHASER	  	PRINCIPAL
AMOUNT OF
2024 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2027 BONDS
TO
BE
PURCHASED	 	  	PRINCIPAL
AMOUNT OF
2042 BONDS
TO
BE
PURCHASED	 
	 CMFG LIFE INSURANCE COMPANY
	  	$	0	  	  	$	0	  	  	$	10,000,000	  

  

	1.	Bonds to be registered in the name of Turnkeys & Co 

  

	2.	Original Bonds delivered (via registered mail) to: 

 State Street Bank 
 DTC/New York Window 

Attn: Robert Mendez 
 55 Water Street 
 Plaza Level – 3rd Floor 

New York, NY 10041 
 Phone: 617-985-1914 
  

	3.	All payments by wire transfer of immediately available funds to: 

 ABA: 011000028 
 Bank: State Street Bank 

Account Name: CMFG Life Insurance Company 
 DDA #: 1662-544-4 
 REFERENCE FUND: ZT1E (Must be first 4 digits of reference
section / Can include Nominee name here) 
 Nominee Name: TURNKEYS + CO* 

CMFG Life Insurance Company TAX ID#: 39-0230590 
 TURNKEYS + CO TAX ID#: 03-0400481 
 *Please do not use nominee name in
jurisdictions where withholding tax problem. 
 UK Passport Treaty #: 13/C/312672/DTTP 

with sufficient information to identify the source and application of such funds 

 

	4.	All notices of payments and written confirmations of such wire transfers: 

 Email: DS-PRIVATEPLACEMENTS@CUNAMUTUAL.COM 
 Member Capital Advisors, Inc.

 Attn: Private Placements 
 5910 Mineral Point Road 
 Madison, WI 53705-4456 

  
 Schedule A

 (to Bond Purchase Agreement) 

	5.	All other communications: 

Email: DS-PRIVATEPLACEMENTS@CUNAMUTUAL.COM 
 Member Capital Advisors, Inc. 
 Attn: Private Placements 

5910 Mineral Point Road 
 Madison, WI 53705-4456 
  

	6.	Taxpayer identification number: 03-0400481 

  
 Schedule A

 (to Bond Purchase Agreement) 

 Schedule B 
 Defined Terms 
 As used in this Agreement, the following terms have the respective meanings set
forth below or set forth in the Section following such term: 
 “2024 Bonds” is defined in Section 1. 

“2027 Bonds” is defined in Section 1. 
 “2042 Bonds” is defined in Section 1. 
 “Affiliate” means,
at any time, and with respect to any Person, any other Person that at such time directly or indirectly through one or more intermediaries Controls, or is Controlled by, or is under common Control with, such first Person, and, with respect to the
Company, shall include any Person beneficially owning or holding, directly or indirectly, 10% or more of any class of voting or equity interests of the Company or any Subsidiary or any Person of which the Company and its Subsidiaries beneficially
own or hold, in the aggregate, directly or indirectly, 10% or more of any class of voting or equity interests. As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. Unless the context otherwise clearly requires, any reference to an “Affiliate” is a reference to an
Affiliate of the Company. 
 “Agents” is defined in Section 5.3. 
 “Agreement” is defined in Section 12.3. 
 “Bonds” is
defined in Section 1. 
 “Business Day” means any day other than a Saturday, a Sunday or a day on which commercial banks
in New York City are required or authorized to be closed. 
 “Capital Lease” means, at any time, a lease with respect to which
the lessee is required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP. 

“Closing” is defined in Section 3. 
 “Closing Date” means the date of the Closing. 
 “Code” means the
Internal Revenue Code of 1986, as amended from time to time, and the rules and regulations promulgated thereunder from time to time. 

“Company” is defined in the first paragraph of this Agreement. 
 “Confidential Information” is defined in Section 15. 

  
 Schedule B-1

 (to Bond Purchase Agreement) 

 “Default” means an event or condition the occurrence or existence of which would, with the
lapse of time or the giving of notice or both, become an Event of Default. 
 “Disclosure Documents” is defined in
Section 5.3. 
 “Electronic Delivery” is defined in Section 7.1(a). 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including, without
limitation, those related to Hazardous Materials. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 
 “ERISA
Affiliate” means any trade or business (whether or not incorporated) that is treated as a single employer together with the Company under Section 414 of the Code. 
 “Event of Default” means any event that constitutes a default under Section 11.01 of the Indenture. 
 “Execution Date” is defined in Section 3. 
 “GAAP” means
generally accepted accounting principles as in effect from time to time in the United States of America. 
 “Governmental
Authority” means (a) the government of (i) the United States of America or any state, municipality or other political subdivision thereof or (ii) any other jurisdiction in which the Company or any Subsidiary conducts all or
any part of its business, or that asserts jurisdiction over any properties of the Company or any Subsidiary, or (b) any entity exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, any such
government, including, without limitation, any federal, state or municipal commission, board or other administrative agency or any other public authority. 
 “Guaranty” means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person
guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or
otherwise, by such Person: 
 (a) to purchase such indebtedness or obligation or any property constituting security therefor;

 (b) to advance or supply funds (i) for the purchase or payment of such indebtedness or obligation or (ii) to
maintain any working capital or other balance sheet condition or any income statement condition of any other Person or otherwise to advance or make available funds for the purchase or payment of such indebtedness or obligation; 

  
 Schedule B-2

 (to Bond Purchase Agreement) 

 (c) to lease properties or to purchase properties or services primarily for the purpose of
assuring the owner of such indebtedness or obligation of the ability of any other Person to make payment of the indebtedness or obligation; or 
 (d) otherwise to assure the owner of such indebtedness or obligation against loss in respect thereof. 
 In any computation of the indebtedness or other liabilities of the obligor under any Guaranty, the indebtedness or other obligations that are the subject of such Guaranty shall be assumed to be direct
obligations of such obligor. 
 “Hazardous Materials” means any and all pollutants, toxic or hazardous wastes or other
substances that might pose a hazard to health or safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling, transportation, transfer, use, disposal, release,
discharge, spillage, seepage or filtration of which is or shall be restricted, prohibited or penalized by any applicable law, including, without limitation, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, petroleum, petroleum
products, lead based paint, radon gas or similar restricted, prohibited or penalized substances. 
 “Holder” means, with
respect to any Bond, the Person in whose name such Bond is registered in the books for the registration and transfer maintained by the Company pursuant to Section 2.06 of the Indenture (or otherwise provided for in the Supplemental Indenture).

 “Indebtedness” with respect to any Person means, at any time, without duplication: 

(a) its liabilities for borrowed money and its redemption obligations in respect of any mandatorily redeemable class of capital stock of
a Person that is preferred over any other class of capital stock (or similar equity interests) of such Person as to the payment of dividends or the payment of any amount upon liquidation or dissolution of such Person; 

(b) its liabilities for the deferred purchase price of property acquired by such Person (excluding accounts payable arising in the
ordinary course of business but including all liabilities created or arising under any conditional sale or other title retention agreement with respect to any such property); 
 (c)(i) all liabilities appearing on its balance sheet in accordance with GAAP in respect of Capital Leases and (ii) all liabilities that would appear on its balance sheet in accordance with GAAP in
respect of Synthetic Leases assuming such Synthetic Leases were accounted for as Capital Leases; 
 (d) all liabilities for
borrowed money secured by any Lien with respect to any property owned by such Person (whether or not it has assumed or otherwise become liable for such liabilities); 

  
 Schedule B-3

 (to Bond Purchase Agreement) 

 (e) all its liabilities in respect of letters of credit or instruments serving a similar
function issued or accepted for its account by banks and other financial institutions (whether or not representing obligations for borrowed money); and 
 (f) any Guaranty of such Person with respect to liabilities of a type described in any of clauses (a) through (e) hereof. 
 Indebtedness of any Person shall include all obligations of such Person of the character described in clauses (a) through (f) to the extent such Person remains legally liable in respect thereof
notwithstanding that any such obligation is deemed to be extinguished under GAAP. 
 “Indenture” is defined in
Section 2.2. 
 “INHAM Exemption” means PTE 96-23. 
 “Institutional Investor” means (a) any Purchaser, (b) any Holder holding (together with one or more of its Affiliates) more than 5% of the aggregate principal amount of the
Bonds then outstanding, (c) any bank, trust company, savings and loan association or other financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution
or entity, regardless of legal form, and (d) with respect to any Holder, any fund or entity that (i) invests in Securities or bank loans and (ii) is advised or managed by such Holder, the same investment advisor as such Holder or by
an Affiliate of such Holder or such investment advisor. 
 “Lien” means, with respect to any Person, any mortgage, lien,
pledge, charge, security interest or other encumbrance, or any interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with
respect to any property or asset of such Person (including, in the case of stock, stockholder agreements, voting trust agreements and all similar arrangements). 
 “Material” means material in relation to the business, operations, affairs, financial condition, assets, properties or prospects of the Company and its Subsidiaries taken as a whole.

 “Material Adverse Effect” means a material adverse effect on (a) the business, operations, affairs, financial
condition, assets or properties of the Company and its Subsidiaries taken as a whole, (b) the ability of the Company to perform its obligations under this Agreement, the Indenture and the Bonds or (c) the validity or enforceability of this
Agreement, the Indenture or the Bonds. 
 “Memorandum” is defined in Section 5.3. 

“Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined in Section 4001(a)(3) of
ERISA). 
 “NAIC” means the National Association of Insurance Commissioners or any successor thereto. 

“NAIC Annual Statement” is defined in Section 6.2(a). 

  
 Schedule B-4

 (to Bond Purchase Agreement) 

 “Officer’s Certificate” means a certificate of a Senior Financial Officer or of any
other officer of the Company whose responsibilities extend to the subject matter of such certificate. 
 “PBGC” means the
Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor thereto. 
 “Person” means an
individual, partnership, corporation, limited liability company, association, trust, unincorporated organization, business entity or Governmental Authority. 
 “Plan” means an “employee benefit plan” (as defined in Section 3(3) of ERISA) subject to Title I of ERISA that is or, within the preceding five years, has been established
or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate may have any liability.

 “PTE” means a Prohibited Transaction Class Exemption issued by the United States Department of Labor. 

“Purchaser” is defined in the first paragraph of this Agreement. 
 “Purchasers” is defined in the first paragraph of this Agreement. 
 “QPAM
Exemption” means PTE 84-14. 
 “Required Holders” means, at any time, the Holders of a majority in principal amount of
the Bonds at the time outstanding (exclusive of Bonds then owned by the Company or any of its Affiliates). 
 “Responsible
Officer” means any Senior Financial Officer and any other officer of the Company with responsibility for the administration of the relevant portion of this Agreement. 
 “SEC” shall mean the Securities and Exchange Commission of the United States, or any successor thereto. 
 “Securities” shall have the meaning specified in Section 2(1) of the Securities Act. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“Security” shall have the meaning specified in Section 2(1) of the Securities Act. 

“Senior Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company.

 “Source” is defined in Section 6.2. 

  
 Schedule B-5

 (to Bond Purchase Agreement) 

 “Subsidiary” means, as to any Person, any other Person in which such first Person or one or
more of its Subsidiaries or such first Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or
Persons performing similar functions) of such second Person, and any partnership or joint venture if more than a 50% interest in the profits or capital thereof is owned by such first Person or one or more of its Subsidiaries or such first Person and
one or more of its Subsidiaries (unless such partnership or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries). Unless the context otherwise clearly
requires, any reference to a “Subsidiary” is a reference to a Subsidiary of the Company. 
 “Supplemental
Indenture” is defined in Section 2.2. 
 “SVO” means the Securities Valuation Office of the NAIC or any successor
to such Office. 
 “Synthetic Lease” means, at any time, any lease (including leases that may be terminated by the lessee at
any time) of any property (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased for U.S. federal income tax purposes, other than any such
lease under which such Person is the lessor. 
 “Trustee” is defined in Section 2.2. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended from time to time, and the rules and regulations promulgated
thereunder from time to time in effect. 
 “USA Patriot Act” means United States Public Law 107-56, Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

  
 Schedule B-6

 (to Bond Purchase Agreement) 

 Schedule 5.3 
 Disclosure Materials 
  

	 	•	 	 This Agreement 

  

	 	•	 	 The Indenture (including the Supplemental Indenture) 

  

	 	•	 	 Memorandum 

  

	 	•	 	 The Company’s Annual Report on Form 10-K for the year ended December 31, 2011 

 

	 	•	 	 The Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 

 

	 	•	 	 Forms 8-K filed by the Company on March 21, 2012, April 18, 2012 (only as to Item 3.02), April 24, 2012, May 8,
2012, May 23, 2012, June 12, 2012 and June 19, 2012 

  
 Schedule 5.3-1

 (to Bond Purchase Agreement) 

 Schedule 5.4 
 Subsidiaries of the Company and Ownership of Subsidiary Stock 
 The name, jurisdiction of
organization and percentage ownership of each of the Company’s Subsidiaries (as of December 31, 2011) are as follows: 
  

									
	 Name
	  	Jurisdiction	 	  	Percentage	 
	 CMS Engineering Co.
	  	 	Michigan	  	  	 	100.00	% 
	 Consumers Campus Holdings, LLC
	  	 	Michigan	  	  	 	100.00	% 
	 Consumers Funding LLC
	  	 	Delaware	  	  	 	100.00	% 
	 Consumers Receivables Funding II, LLC
	  	 	Delaware	  	  	 	100.00	% 
	 ES Services Company
	  	 	Michigan	  	  	 	100.00	% 
	 Maxey Flats Site IRP, L.L.C.
	  	 	Virginia	  	  	 	1.71	% 

 The Company’s directors are as follows: 

 

	 	•	 	 David W. Joos (Chairman) 

  

	 	•	 	 Philip R. Lochner, Jr. (Presiding Director) 

  

	 	•	 	 Merribel S. Ayres 

  

	 	•	 	 Jon E. Barfield 

  

	 	•	 	 Stephen E. Ewing 

  

	 	•	 	 Richard M. Gabrys 

  

	 	•	 	 Michael T. Monahan 

  

	 	•	 	 John G. Russell 

  

	 	•	 	 Kenneth L. Way 

  

	 	•	 	 John B. Yasinsky 

 The
Company’s senior officers are as follows: 
  

	 	•	 	 John G. Russell: President and Chief Executive Officer 

 

	 	•	 	 Thomas J. Webb: Executive Vice President and Chief Financial Officer 

 

	 	•	 	 James E. Brunner: Senior Vice President and General Counsel 

 

	 	•	 	 John M. Butler: Senior Vice President 

  

	 	•	 	 David G. Mengebier: Senior Vice President and Chief Compliance Officer 

 

	 	•	 	 William E. Garrity: Senior Vice President 

  

	 	•	 	 Jackson L. Hanson: Senior Vice President 

  

	 	•	 	 Daniel J. Malone: Senior Vice President 

  

	 	•	 	 Glenn P. Barba: Vice President, Controller and Chief Accounting Officer 

 

	 	•	 	 Mamatha Chamarthi: Vice President and Chief Information Officer 

 

	 	•	 	 Venkat D. Rao: Vice President and Treasurer 

  

	 	•	 	 Catherine M. Reynolds: Vice President and Corporate Secretary 

 

	 	•	 	 Dennis D. Dobbs: Vice President 

  

	 	•	 	 Richard J. Ford: Vice President 

  

	 	•	 	 Michele A. Kirkland: Vice President 

  
 Schedule 5.4-1

 (to Bond Purchase Agreement) 

	 	•	 	 James P. Pomaranski: Vice President 

  

	 	•	 	 Patricia K. Poppe: Vice President 

  

	 	•	 	 Ronn J. Rasmussen: Vice President 

  

	 	•	 	 Jon R. Robinson: Vice President 

  

	 	•	 	 Garrick J. Rochow: Vice President 

  

	 	•	 	 Timothy J. Sparks: Vice President 

  

	 	•	 	 Theodore J. Vogel: Vice President and Chief Tax Counsel 

  
 Schedule 5.4-2

 (to Bond Purchase Agreement) 

 Schedule 5.5 
 Financial Statements 
 See the Annual Report on Form 10-K for the Company’s financial
statements as of and for the years ended December 31, 2011, 2010 and 2009 and the Quarterly Report on Form 10-Q for the Company’s financial statements as of and for the three-month periods ended March 31, 2012 and 2011. 

  
 Schedule 5.5-1

 (to Bond Purchase Agreement) 

 Schedule 5.15 
 Existing Indebtedness 
  

													
	 Indebtedness at March 31, 2012:
	  	Interest Rate (%)	 	 	Maturity	 	  	In Millions	 
	 First mortgage bonds (a)
	  				 				  			
		  	 	5.375	  	 	 	2013	  	  	$	375	  
		  	 	6.000	  	 	 	2014	  	  	 	200	  
		  	 	5.000	  	 	 	2015	  	  	 	225	  
		  	 	2.600	  	 	 	2015	  	  	 	50	  
		  	 	5.500	  	 	 	2016	  	  	 	350	  
		  	 	5.150	  	 	 	2017	  	  	 	250	  
		  	 	3.210	  	 	 	2017	  	  	 	100	  
		  	 	5.650	  	 	 	2018	  	  	 	250	  
		  	 	6.125	  	 	 	2019	  	  	 	350	  
		  	 	6.700	  	 	 	2019	  	  	 	500	  
		  	 	5.650	  	 	 	2020	  	  	 	300	  
		  	 	3.770	  	 	 	2020	  	  	 	100	  
		  	 	5.300	  	 	 	2022	  	  	 	250	  
		  	 	5.800	  	 	 	2035	  	  	 	175	  
		  	 	6.170	  	 	 	2040	  	  	 	50	  
		  	 	4.970	  	 	 	2040	  	  	 	50	  
		  				 				  	  
	  
	 
		  				 				  	$	3,575	  
	 Senior notes (a)
	  	 	6.875	  	 	 	2018	  	  	 	180	  
	 Securitization bonds (a)
	  	 	5.666 	(b) 	 	 	2013-2015	  	  	 	162	  
	 Limited obligation refunding revenue bonds (a) (c)
	  	 	Variable	  	 	 	2018	  	  	 	68	  
	 Limited obligation revenue bonds (a) (c)
	  	 	Variable	  	 	 	2035	  	  	 	35	  
		  				 				  	  
	  
	 
	 Total principal amount outstanding
	  				 				  	$	4,020	  
	 Net unamortized discount
	  				 				  	 	(3	) 
		  				 				  	  
	  
	 
	 Total long-term debt
	  				 				  	$	4,017	  
	 Capital and finance leases
	  				 				  			
	 Non-current portion of capital and finance lease obligations
	  				 				  	 	162	  
	 Current portion of capital and finance lease obligations
	  				 				  	 	23	  
		  				 				  	  
	  
	 
	 Total capital and finance leases
	  				 				  	$	185	  
		  				 				  	  
	  
	 
	 Total indebtedness (d)
	  				 				  	$	4,202	  
		  				 				  	  
	  
	 

  

	(a)	Issued and traded publicly. 

	(b)	The weighted-average interest rate for the Company’s securitization bonds. 

	(c)	The Company utilized the Michigan Strategic Fund for the issuance of Michigan Strategic Fund Limited Obligation Refunding Revenue Bonds and Variable Rate Limited
Obligation Revenue Bonds. The Michigan Strategic Fund is housed within the Michigan Department of Treasury to provide public and private development finance opportunities for agriculture, forestry, business, industry and communities in Michigan. The
bonds are backed by letters of credit. 

  
 Schedule
5.15-1 
 (to Bond Purchase Agreement) 

	(d)	Amounts related to the Company’s revolving credit facilities are not included in total indebtedness. 

First Mortgage Bonds: The Company secures its first mortgage bonds by a mortgage and lien on substantially all of its property. The Company’s
ability to issue first mortgage bonds is restricted by certain provisions in the Indenture and the need for regulatory approvals under federal law. Restrictive issuance provisions in the Indenture include achieving a two-times interest coverage
ratio and having sufficient unfunded net property additions. The total amount of outstanding first mortgage bonds at any one time is limited to $6.0 billion. 
 Regulatory Authorization for Financings: The Federal Energy Regulatory Commission has authorized the Company to have outstanding at any one time, up to $1.0 billion of secured and unsecured
short-term securities for general corporate purposes. The remaining availability is $700 million at March 31, 2012. The Federal Energy Regulatory Commission has also authorized the Company to issue and sell up to $2.5 billion of secured and
unsecured long-term securities for general corporate purposes. The remaining availability is $1.4 billion at March 31, 2012. The authorizations are for the period ending June 30, 2012. Any long-term issuances during the authorization
period are exempt from the Federal Energy Regulatory Commission’s competitive bidding and negotiated placement requirements. 

Securitization Bonds: Certain regulatory assets owned by the Company’s subsidiary, Consumers Funding LLC, collateralize the Company’s
securitization bonds. The bondholders have no recourse to the Company’s other assets. Through its rate structure, the Company bills customers for securitization surcharges to fund the payment of principal, interest and other related expenses.
The surcharges collected are remitted to a trustee and are not available to creditors of the Company or creditors of the Company’s affiliates other than Consumers Funding LLC. 
 Revolving Credit Facilities: The following secured revolving credit facilities with banks were available at March 31, 2012, obligations under each of which are secured by first mortgage bonds,
and all contain a financial covenant that requires the Company to maintain a certain total consolidated debt to consolidated capitalization ratio: 
  

																	
	 	  	In Millions	 
	 Expiration Date
	  	Amount of
Facility	 	  	Amount
Borrowed	 	  	Letters of
Credit
Outstanding	 	  	Amount
Available	 
	 March 31, 2016
	  	$	500	  	  	$	—  	  	  	$	1	  	  	$	499	  
	 August 9, 2013
	  	 	150	  	  	 	—  	  	  	 	—  	  	  	 	150	  
	 September 9, 2014
	  	 	30	  	  	 	—  	  	  	 	30	  	  	 	—  	  

 Capital and Finance Leases: The Company leases various assets, including service vehicles, railcars, gas pipeline
capacity and buildings. In addition, the Company accounts for some of its power purchase agreements as capital leases. 

  
 Schedule
5.15-2 
 (to Bond Purchase Agreement) 

 Capital leases for the Company’s vehicle fleet operations have a maximum term of 120 months with some
having Terminal Rental Adjustment Clause end-of-life provisions and others having fixed percentage purchase options. The Company has capital leases for gas transportation pipelines to the Karn generating complex and the Zeeland power plant. The
capital lease for the gas transportation pipeline into the Karn generating complex has a term of 15 years with a provision to extend the contract from month to month. The remaining term of the contract was 10 years at March 31, 2012. The
capital lease for the gas transportation pipeline to the Zeeland power plant had an original term of 12 years, was renewed for an additional five years in March 2012, and includes an additional renewal provision at the end of the present term. The
remaining term of the contract was five years at March 31, 2011. The remaining terms of the Company’s long-term power purchase agreements range between one and 20 years. Most of these power purchase agreements contain provisions at the end
of the initial contract terms to renew the agreements annually. 
 In 2007, the Company sold the Palisades nuclear power plant to Entergy
Corporation and entered into a 15-year power purchase agreement to buy all of the capacity and energy then capable of being produced by the plant. The Company has continuing involvement with the Palisades nuclear power plant through security
provided to Entergy Corporation for the Company’s power purchase agreement obligation and other arrangements. Because of these ongoing arrangements, the Company accounted for the transaction as a financing of the Palisades nuclear power plant
and not as a sale. The Company recorded the proceeds as a finance obligation with payments recorded to interest expense and the finance obligation based on the amortization of the obligation over the life of the power purchase agreement. 

  
 Schedule
5.15-3 
 (to Bond Purchase Agreement) 

 Exhibit 2.2 
 Form of Supplemental Indenture (Including Form of Bonds) 
 See attached.

  
 Exhibit 2.2-1

 (to Bond Purchase Agreement) 

 ONE HUNDRED
[                        ] SUPPLEMENTAL INDENTURE 

Providing among other things for 
 FIRST MORTGAGE BONDS, 
 $51,500,000 3.19% First Mortgage Bonds Due 2024

 $35,500,000 3.39% First Mortgage Bonds Due 2027 

$263,000,000 4.31% First Mortgage Bonds Due 2042 
 Dated as of December 17, 2012 
  

 
 CONSUMERS
ENERGY COMPANY 
 TO 
 THE BANK OF NEW YORK MELLON, 
 TRUSTEE 

Counterpart                  of 100 

 THIS ONE HUNDRED
[                        ] SUPPLEMENTAL INDENTURE, dated as of December 17, 2012 (herein sometimes referred to as
“this Supplemental Indenture”), made and entered into by and between CONSUMERS ENERGY COMPANY, a corporation organized and existing under the laws of the State of Michigan, with its principal executive office and place of business at One
Energy Plaza, in Jackson, Jackson County, Michigan 49201, formerly known as Consumers Power Company (hereinafter sometimes referred to as the “Company”), and THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York), a New York
banking corporation, with its corporate trust offices at 101 Barclay St., New York, New York 10286 (hereinafter sometimes referred to as the “Trustee”), as Trustee under the Indenture dated as of September 1, 1945 between Consumers
Power Company, a Maine corporation (hereinafter sometimes referred to as the “Maine corporation”), and City Bank Farmers Trust Company (Citibank, N.A., successor, hereinafter sometimes referred to as the “Predecessor Trustee”),
securing bonds issued and to be issued as provided therein (hereinafter sometimes referred to as the “Indenture”), 

WHEREAS, at the close of business on January 30, 1959, City Bank Farmers Trust Company was converted into a national banking
association under the title “First National City Trust Company”; and 
 WHEREAS, at the close of business on
January 15, 1963, First National City Trust Company was merged into First National City Bank; and 
 WHEREAS, at the close
of business on October 31, 1968, First National City Bank was merged into The City Bank of New York, National Association, the name of which was thereupon changed to First National City Bank; and 

WHEREAS, effective March 1, 1976, the name of First National City Bank was changed to Citibank, N.A.; and 

WHEREAS, effective July 16, 1984, Manufacturers Hanover Trust Company succeeded Citibank, N.A. as Trustee under the Indenture; and

 WHEREAS, effective June 19, 1992, Chemical Bank succeeded by merger to Manufacturers Hanover Trust Company as Trustee
under the Indenture; and 
 WHEREAS, effective July 15, 1996, The Chase Manhattan Bank (National Association) merged with
and into Chemical Bank which thereafter was renamed The Chase Manhattan Bank; and 
 WHEREAS, effective November 11, 2001,
The Chase Manhattan Bank merged with Morgan Guaranty Trust Company of New York and the surviving corporation was renamed JPMorgan Chase Bank; and 
 WHEREAS, effective November 13, 2004, the name of JPMorgan Chase Bank was changed to JPMorgan Chase Bank, N.A.; and 

  
 1 

 WHEREAS, effective April 7, 2006, The Bank of New York succeeded JPMorgan Chase Bank,
N.A. as Trustee under the Indenture; and 
 WHEREAS, effective July 1, 2008, the name of The Bank of New York was changed
to The Bank of New York Mellon; and 
 WHEREAS, the Indenture was executed and delivered for the purpose of securing such bonds
as may from time to time be issued under and in accordance with the terms of the Indenture, the aggregate principal amount of bonds to be secured thereby being limited to $6,000,000,000 at any one time outstanding (except as provided in
Section 2.01 of the Indenture), and the Indenture describes and sets forth the property conveyed thereby and is filed in the Office of the Secretary of State of the State of Michigan and is of record in the Office of the Register of Deeds of
each county in the State of Michigan in which this Supplemental Indenture is to be recorded; and 
 WHEREAS, the Indenture has
been supplemented and amended by various indentures supplemental thereto, each of which is filed in the Office of the Secretary of State of the State of Michigan and is of record in the Office of the Register of Deeds of each county in the State of
Michigan in which this Supplemental Indenture is to be recorded; and 
 WHEREAS, the Company and the Maine corporation entered
into an Agreement of Merger and Consolidation, dated as of February 14, 1968, which provided for the Maine corporation to merge into the Company; and 
 WHEREAS, the effective date of such Agreement of Merger and Consolidation was June 6, 1968, upon which date the Maine corporation was merged into the Company and the name of the Company was changed
from “Consumers Power Company of Michigan” to “Consumers Power Company”; and 
 WHEREAS, the Company and the
Predecessor Trustee entered into a Sixteenth Supplemental Indenture, dated as of June 4, 1968, which provided, among other things, for the assumption of the Indenture by the Company; and 

WHEREAS, said Sixteenth Supplemental Indenture became effective on the effective date of such Agreement of Merger and Consolidation; and

 WHEREAS, the Company has succeeded to and has been substituted for the Maine corporation under the Indenture with the same
effect as if it had been named therein as the mortgagor corporation; and 
 WHEREAS, effective March 11, 1997, the name of
Consumers Power Company was changed to Consumers Energy Company; and 
 WHEREAS, the Indenture provides for the issuance of
bonds thereunder in one or more series, and the Company, by appropriate corporate action in conformity with the terms of the Indenture, has duly determined to create, and does hereby create, a new series of bonds under the Indenture designated 3.19%
Series due 2024, each of which bonds shall also bear the 

  
 2 

 
descriptive title “First Mortgage Bonds” (hereinafter provided for and hereinafter sometimes referred to as the “2024 Bonds”), the bonds of which series are to be issued as
registered bonds without coupons and are to bear interest at the rate per annum specified in the title thereof and are to mature on December 15, 2024; and 
 WHEREAS, the Indenture provides for the issuance of bonds thereunder in one or more series, and the Company, by appropriate corporate action in conformity with the terms of the Indenture, has duly
determined to create, and does hereby create, a new series of bonds under the Indenture designated 3.39% Series due 2027, each of which bonds shall also bear the descriptive title “First Mortgage Bonds” (hereinafter provided for and
hereinafter sometimes referred to as the “2027 Bonds”), the bonds of which series are to be issued as registered bonds without coupons and are to bear interest at the rate per annum specified in the title thereof and are to mature on
December 15, 2027; and 
 WHEREAS, the Indenture provides for the issuance of bonds thereunder in one or more series, and
the Company, by appropriate corporate action in conformity with the terms of the Indenture, has duly determined to create, and does hereby create, a new series of bonds under the Indenture designated 4.31% Series due 2042, each of which bonds shall
also bear the descriptive title “First Mortgage Bonds” (hereinafter provided for and hereinafter sometimes referred to as the “2042 Bonds”), the bonds of which series are to be issued as registered bonds without coupons and are
to bear interest at the rate per annum specified in the title thereof and are to mature on December 15, 2042; and 

WHEREAS, the Company and the purchasers party thereto (the “Purchasers”) have entered into a Bond Purchase Agreement dated as
of July 10, 2012 (the “Bond Purchase Agreement”), pursuant to which the Company agreed to sell and the Purchasers agreed to buy $51,500,000 in aggregate principal amount of 2024 Bonds, $35,500,000 in aggregate principal amount of 2027
Bonds and $263,000,000 in aggregate principal amount of 2042 Bonds (such 2024 Bonds, 2027 Bonds and 2042 Bonds, collectively the “Bonds”); and 
 WHEREAS, each of the registered bonds without coupons of the 2024 Bonds and the Trustee’s Authentication Certificate thereon, each of the registered bonds without coupons of the 2027 Bonds and the
Trustee’s Authentication Certificate thereon, and each of the registered bonds without coupons of the 2042 Bonds and the Trustee’s Authentication Certificate thereon, are to be substantially in the following forms, respectively, to wit:

 {FORM OF REGISTERED BOND OF THE 2024 BONDS} 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED,
SOLD, ASSIGNED OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. 

  
 3 

 CONSUMERS ENERGY COMPANY 

FIRST MORTGAGE BOND 

3.19% SERIES DUE 2024 
  

			
	 PPN:
	  	$                          
      
		
	No.:         	  	

 CONSUMERS ENERGY COMPANY, a Michigan corporation (hereinafter called the “Company”), for value
received, hereby promises to pay to                                 , or
registered assigns, the principal sum of                                  Dollars
($                                ) on December 15, 2024 (the “2024
Stated Maturity”), and to pay to the registered holder hereof interest on said sum from and including the latest semi-annual interest payment date to which interest has been paid or duly made available for payment on the bonds of this series
preceding the date hereof, unless the date hereof be an interest payment date to which interest is being paid, in which case from and including the date hereof, or unless the date hereof is prior to June 15, 2013, in which case from and
including December 17, 2012 (or if this bond is dated between the record date for any interest payment date and such interest payment date, then from and including such interest payment date, provided, however, that if the Company shall default
in payment of the interest due on such interest payment date, then from and including the next preceding semi-annual interest payment date to which interest has been paid or duly made available for payment on the bonds of this series, or if such
interest payment date is June 15, 2013, from and including December 17, 2012), in each case to but excluding the next succeeding interest payment date or the date of maturity, as the case may be, at the rate per annum, until the principal
hereof is paid or duly made available for payment, specified in the title of this bond, payable on June 15 and December 15 in each year. The provisions of this bond are continued below and such continued provisions shall for all purposes
have the same effect as though fully set forth at this place. 
 This bond shall not be valid or become obligatory for any
purpose unless and until it shall have been authenticated by the execution by the Trustee or its successor in trust under the Indenture of the certificate hereon. 
 IN WITNESS WHEREOF, Consumers Energy Company has caused this bond to be executed in its name by its Chairman of the Board, its President or one of its Vice Presidents by his or her signature or a
facsimile thereof, and its corporate seal or a facsimile thereof to be affixed hereto or imprinted hereon and attested by its Secretary or one of its Assistant Secretaries by his or her signature or a facsimile thereof. 

 

									
		 		 		 	CONSUMERS ENERGY COMPANY
	Dated:	 		 		 	
					
		 		 		 	By:	 	 
		 		 		 	Printed:	 	 
		 		 		 	Title:	 	 
	Attest:	 	 	 		 		 	

  
 4 

 TRUSTEE’S AUTHENTICATION CERTIFICATE 

This is one of the bonds, of the series designated therein, described in the within-mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON, Trustee
		
	By:	 	 
		 	Authorized Officer

 CONSUMERS ENERGY COMPANY 
 FIRST MORTGAGE BOND 
 3.19% SERIES DUE 2024 

The interest payable on any June 15 or December 15 will, subject to certain exceptions provided in the Indenture hereinafter
mentioned, be paid to the person in whose name this bond is registered at 5:00 p.m., New York City time, on the record date, which shall be the June 1 or December 1 (whether or not such June 1 or December 1 shall be a legal
holiday or a day on which banking institutions in the Borough of Manhattan, The City of New York, are authorized to close) preceding the relevant interest payment date, except that interest payable at the 2024 Stated Maturity shall be paid to the
person to whom the principal amount is paid. The initial interest payment date will be June 15, 2013. The principal of and the premium, if any, and interest on this bond shall be payable at the office or agency of the Company in the Borough of
Manhattan, The City of New York, designated for that purpose, 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. 

This bond is one of the bonds of a series designated as First Mortgage Bonds, 3.19% Series due 2024 (sometimes herein referred to as the
“2024 Bonds” or the “Bonds”) issued under and in accordance with and secured by an indenture dated as of September 1, 1945, given by the Company (or its predecessor, Consumers Power Company, a Maine corporation) to City Bank
Farmers Trust Company (The Bank of New York Mellon, successor) (hereinafter sometimes referred to as the “Trustee”), together with indentures supplemental thereto, heretofore or hereafter executed, to which indenture and indentures
supplemental thereto (hereinafter referred to collectively as the “Indenture”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security and the rights, duties and immunities
thereunder of the Trustee and the rights of the holders of said bonds and of the Trustee and of the Company in respect of such security, and the limitations on such rights. By the terms of the Indenture, the bonds to be secured thereby are issuable
in series which may vary as to date, amount, date of maturity, rate of interest and in other respects as provided in the Indenture. 

  
 5 

 Any or all of the 2024 Bonds may be redeemed by the Company, at its option, in whole or in
part, at any time and from time to time prior to maturity, at a redemption price equal to 100% of the principal amount of such 2024 Bonds being redeemed plus the Applicable Premium (as defined below), if any, thereon at the time of redemption,
together with accrued and unpaid interest, if any, thereon to, but not including, the redemption date. In no event will the redemption price be less than 100% of the principal amount of the 2024 Bonds plus accrued and unpaid interest, if any,
thereon to, but not including, the redemption date. 
 “Applicable Premium” means, with respect to a 2024 Bond (or
portion thereof) being redeemed at any time, the excess of (a) the present value at such time of the principal amount of such 2024 Bond (or portion thereof) being redeemed plus all interest payments due on such 2024 Bond (or portion thereof)
after the redemption date (but, for the avoidance of doubt, excluding any portion of such payments of interest accrued to the redemption date), which present value shall be computed using a discount rate equal to the Treasury Rate (as defined below)
plus 50 basis points, over (b) the principal amount of such 2024 Bond (or portion thereof) being redeemed at such time. For purposes of this definition, the present values of interest and principal payments will be determined in accordance with
generally accepted principles of financial analysis. 
 “Treasury Rate” means the yield to maturity at the time of
computation of on-the-run United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) (the “Statistical Release”)) that has become publicly
available at least two Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the then remaining average life to stated maturity
of the 2024 Bonds; provided, however, that if the average life to stated maturity of the 2024 Bonds is not equal to the constant maturity of an on-the-run United States Treasury security for which a weekly average yield is given, the Treasury Rate
shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of on-the-run United States Treasury securities for which such yields are given. 

The Treasury Rate will be calculated on the third Business Day preceding the date fixed for redemption. 

If less than all of the 2024 Bonds are to be redeemed, the Trustee shall select, in such manner as it shall deem appropriate and fair,
the particular 2024 Bonds or portions thereof to be redeemed. Notice of redemption shall be given by mail not less than 30 nor more than 60 days prior to the date fixed for redemption to the holders of the 2024 Bonds to be redeemed; provided,
however, that the failure to duly give such notice by mail, or any defect therein, shall not affect the validity of any proceedings for the redemption of the 2024 Bonds as to which there shall have been no such failure or defect. On and after the
date fixed for redemption (unless the Company shall default in the payment of the 2024 Bonds or portions thereof to be redeemed at the applicable redemption price, together with accrued and unpaid interest, if any, thereon to, but not including,
such date), interest on the 2024 Bonds or the portions thereof so called for redemption shall cease to accrue. 

  
 6 

 This bond is not redeemable by the operation of the maintenance and replacement provisions
of the Indenture or with the proceeds of released property or in any other manner except as set forth above. 
 In case of
certain defaults as specified in the Indenture, the principal of this bond may be declared or may become due and payable on the conditions, at the time, in the manner and with the effect provided in the Indenture. The holders of certain specified
percentages of the bonds at the time outstanding, including in certain cases specified percentages of bonds of particular series, may in certain cases, to the extent and as provided in the Indenture, waive certain defaults thereunder and the
consequences of such defaults. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of
the holders of not less than seventy-five per centum in principal amount of the bonds (exclusive of bonds disqualified by reason of the Company’s interest therein) at the time outstanding, including, if more than one series of bonds shall be at
the time outstanding, not less than sixty per centum in principal amount of each series affected, to effect, by an indenture supplemental to the Indenture, modifications or alterations of the Indenture and of the rights and obligations of the
Company and the rights of the holders of the bonds and coupons; provided, however, that no such modification or alteration shall be made without the written approval or consent of the holder hereof which will (a) extend the maturity of this
bond or reduce the rate or extend the time of payment of interest hereon or reduce the amount of the principal hereof or reduce any premium payable on the redemption hereof, (b) permit the creation of any lien, not otherwise permitted, prior to
or on a parity with the lien of the Indenture, or (c) reduce the aforesaid percentage of the principal amount of bonds the holders of which are required to approve any such supplemental indenture. 

The Company reserves the right, without any consent, vote or other action by holders of the 2024 Bonds or any other series created after
the Sixty-eighth Supplemental Indenture, to amend the Indenture to reduce the percentage of the principal amount of bonds the holders of which are required to approve any supplemental indenture (other than any supplemental indenture which is subject
to the proviso contained in the immediately preceding sentence) (a) from not less than seventy-five per centum (including sixty per centum of each series affected) to not less than a majority in principal amount of the bonds at the time
outstanding or (b) in case fewer than all series are affected, not less than a majority in principal amount of the bonds of all affected series, voting together. 
 No recourse shall be had for the payment of the principal of or premium, if any, or interest on this bond, or for any claim based hereon, or otherwise in respect hereof or of the Indenture, to or against
any incorporator, stockholder, director or officer, past, present or future, as such, of the Company, or of any predecessor or successor company, either directly or through the Company, or such predecessor or successor company, or otherwise, under
any constitution or statute or rule of law, or by the enforcement of any assessment or penalty, or otherwise, all such liability of incorporators, stockholders, directors and officers, as such, being waived and released by the holder and owner
hereof by the acceptance of this bond and being likewise waived and released by the terms of the Indenture. 

  
 7 

 This bond shall be exchangeable for other registered bonds of the same series, in the manner
and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the office or agency of the Company in the Borough of Manhattan, The City of New York. However, notwithstanding the provisions of Section 2.05 of the
Indenture, no charge shall be made upon any registration of transfer or exchange of bonds of said series other than for any tax or taxes or other governmental charge required to be paid by the Company. 

{END OF FORM OF REGISTERED BOND OF THE 2024 BONDS} 

 
  

{FORM OF REGISTERED BOND OF THE 2027 BONDS} 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED,
SOLD, ASSIGNED OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. 
 CONSUMERS ENERGY COMPANY 
 FIRST MORTGAGE BOND 

3.39% SERIES DUE 2027 
  

			
	 PPN:
	  	$                          
      
		
	No.:         	  	

 CONSUMERS ENERGY COMPANY, a Michigan corporation (hereinafter called the “Company”), for value
received, hereby promises to pay to                                 , or
registered assigns, the principal sum of                                  Dollars
($                                ) on December 15, 2027 (the “2027
Stated Maturity”), and to pay to the registered holder hereof interest on said sum from and including the latest semi-annual interest payment date to which interest has been paid or duly made available for payment on the bonds of this series
preceding the date hereof, unless the date hereof be an interest payment date to which interest is being paid, in which case from and including the date hereof, or unless the date hereof is prior to June 15, 2013, in which case from and
including December 17, 2012 (or if this bond is dated between the record date for any interest payment date and such interest payment date, then from and including such interest payment date, provided, however, that if the Company shall default
in payment of the interest due on such interest payment date, then from and including the next preceding semi-annual interest payment date to which interest has been paid or duly made available for payment on the bonds of this series, or if such
interest payment date is June 15, 2013, from and including December 17, 2012), in each case to but excluding the next succeeding interest payment date or the date of maturity, as the case may be, at the rate per annum, until the principal
hereof is paid or duly made available for payment, specified in the title of this bond, 

  
 8 

 
payable on June 15 and December 15 in each year. The provisions of this bond are continued below and such continued provisions shall for all purposes have the same effect as though
fully set forth at this place. 
 This bond shall not be valid or become obligatory for any purpose unless and until it shall
have been authenticated by the execution by the Trustee or its successor in trust under the Indenture of the certificate hereon. 
 IN WITNESS WHEREOF, Consumers Energy Company has caused this bond to be executed in its name by its Chairman of the Board, its President or one of its Vice Presidents by his or her signature or a
facsimile thereof, and its corporate seal or a facsimile thereof to be affixed hereto or imprinted hereon and attested by its Secretary or one of its Assistant Secretaries by his or her signature or a facsimile thereof. 

 

									
		 		 		 	CONSUMERS ENERGY COMPANY
	Dated:	 		 		 	
					
		 		 		 	By:	 	 
		 		 		 	Printed:	 	 
		 		 		 	Title:	 	 
	Attest:	 	 	 		 		 	

 TRUSTEE’S AUTHENTICATION CERTIFICATE 

This is one of the bonds, of the series designated therein, described in the within-mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON, Trustee
		
	By:	 	 
		 	Authorized Officer

 CONSUMERS ENERGY COMPANY 
 FIRST MORTGAGE BOND 
 3.39% SERIES DUE 2027 

The interest payable on any June 15 or December 15 will, subject to certain exceptions provided in the Indenture hereinafter
mentioned, be paid to the person in whose name this bond is registered at 5:00 p.m., New York City time, on the record date, which shall be the June 1 or December 1 (whether or not such June 1 or December 1 shall be a legal
holiday or a day on which banking institutions in the Borough of Manhattan, The City of New York, are authorized to close) preceding the relevant interest payment date, except that interest payable at the 2027 Stated Maturity shall be paid to the
person to whom the principal amount is paid. The initial interest payment date will be June 15, 2013. The principal of and the premium, if any, and 

  
 9 

 
interest on this bond shall be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, designated for that purpose, 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. 
 This bond is one of the bonds of
a series designated as First Mortgage Bonds, 3.39% Series due 2027 (sometimes herein referred to as the “2027 Bonds” or the “Bonds”) issued under and in accordance with and secured by an indenture dated as of September 1,
1945, given by the Company (or its predecessor, Consumers Power Company, a Maine corporation) to City Bank Farmers Trust Company (The Bank of New York Mellon, successor) (hereinafter sometimes referred to as the “Trustee”), together with
indentures supplemental thereto, heretofore or hereafter executed, to which indenture and indentures supplemental thereto (hereinafter referred to collectively as the “Indenture”) reference is hereby made for a description of the property
mortgaged and pledged, the nature and extent of the security and the rights, duties and immunities thereunder of the Trustee and the rights of the holders of said bonds and of the Trustee and of the Company in respect of such security, and the
limitations on such rights. By the terms of the Indenture, the bonds to be secured thereby are issuable in series which may vary as to date, amount, date of maturity, rate of interest and in other respects as provided in the Indenture. 

Any or all of the 2027 Bonds may be redeemed by the Company, at its option, in whole or in part, at any time and from time to time prior
to maturity, at a redemption price equal to 100% of the principal amount of such 2027 Bonds being redeemed plus the Applicable Premium (as defined below), if any, thereon at the time of redemption, together with accrued and unpaid interest, if any,
thereon to, but not including, the redemption date. In no event will the redemption price be less than 100% of the principal amount of the 2027 Bonds plus accrued and unpaid interest, if any, thereon to, but not including, the redemption date.

 “Applicable Premium” means, with respect to a 2027 Bond (or portion thereof) being redeemed at any time, the excess
of (a) the present value at such time of the principal amount of such 2027 Bond (or portion thereof) being redeemed plus all interest payments due on such 2027 Bond (or portion thereof) after the redemption date (but, for the avoidance of
doubt, excluding any portion of such payments of interest accrued to the redemption date), which present value shall be computed using a discount rate equal to the Treasury Rate (as defined below) plus 50 basis points, over (b) the principal
amount of such 2027 Bond (or portion thereof) being redeemed at such time. For purposes of this definition, the present values of interest and principal payments will be determined in accordance with generally accepted principles of financial
analysis. 
 “Treasury Rate” means the yield to maturity at the time of computation of on-the-run United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) (the “Statistical Release”)) that has become publicly available at least two Business Days prior to
the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the then remaining average life to stated maturity of the 2027 Bonds; provided, however, that if
the average life to stated maturity of the 2027 Bonds is not equal to the 

  
 10 

 
constant maturity of an on-the-run United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the
nearest one-twelfth of a year) from the weekly average yields of on-the-run United States Treasury securities for which such yields are given. 
 The Treasury Rate will be calculated on the third Business Day preceding the date fixed for redemption. 
 If less than all of the 2027 Bonds are to be redeemed, the Trustee shall select, in such manner as it shall deem appropriate and fair, the particular 2027 Bonds or portions thereof to be redeemed. Notice
of redemption shall be given by mail not less than 30 nor more than 60 days prior to the date fixed for redemption to the holders of the 2027 Bonds to be redeemed; provided, however, that the failure to duly give such notice by mail, or any defect
therein, shall not affect the validity of any proceedings for the redemption of the 2027 Bonds as to which there shall have been no such failure or defect. On and after the date fixed for redemption (unless the Company shall default in the payment
of the 2027 Bonds or portions thereof to be redeemed at the applicable redemption price, together with accrued and unpaid interest, if any, thereon to, but not including, such date), interest on the 2027 Bonds or the portions thereof so called for
redemption shall cease to accrue. 
 This bond is not redeemable by the operation of the maintenance and replacement provisions
of the Indenture or with the proceeds of released property or in any other manner except as set forth above. 
 In case of
certain defaults as specified in the Indenture, the principal of this bond may be declared or may become due and payable on the conditions, at the time, in the manner and with the effect provided in the Indenture. The holders of certain specified
percentages of the bonds at the time outstanding, including in certain cases specified percentages of bonds of particular series, may in certain cases, to the extent and as provided in the Indenture, waive certain defaults thereunder and the
consequences of such defaults. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of
the holders of not less than seventy-five per centum in principal amount of the bonds (exclusive of bonds disqualified by reason of the Company’s interest therein) at the time outstanding, including, if more than one series of bonds shall be at
the time outstanding, not less than sixty per centum in principal amount of each series affected, to effect, by an indenture supplemental to the Indenture, modifications or alterations of the Indenture and of the rights and obligations of the
Company and the rights of the holders of the bonds and coupons; provided, however, that no such modification or alteration shall be made without the written approval or consent of the holder hereof which will (a) extend the maturity of this
bond or reduce the rate or extend the time of payment of interest hereon or reduce the amount of the principal hereof or reduce any premium payable on the redemption hereof, (b) permit the creation of any lien, not otherwise permitted, prior to
or on a parity with the lien of the Indenture, or (c) reduce the aforesaid percentage of the principal amount of bonds the holders of which are required to approve any such supplemental indenture. 

  
 11 

 The Company reserves the right, without any consent, vote or other action by holders of the
2027 Bonds or any other series created after the Sixty-eighth Supplemental Indenture, to amend the Indenture to reduce the percentage of the principal amount of bonds the holders of which are required to approve any supplemental indenture (other
than any supplemental indenture which is subject to the proviso contained in the immediately preceding sentence) (a) from not less than seventy-five per centum (including sixty per centum of each series affected) to not less than a majority in
principal amount of the bonds at the time outstanding or (b) in case fewer than all series are affected, not less than a majority in principal amount of the bonds of all affected series, voting together. 

No recourse shall be had for the payment of the principal of or premium, if any, or interest on this bond, or for any claim based hereon,
or otherwise in respect hereof or of the Indenture, to or against any incorporator, stockholder, director or officer, past, present or future, as such, of the Company, or of any predecessor or successor company, either directly or through the
Company, or such predecessor or successor company, or otherwise, under any constitution or statute or rule of law, or by the enforcement of any assessment or penalty, or otherwise, all such liability of incorporators, stockholders, directors and
officers, as such, being waived and released by the holder and owner hereof by the acceptance of this bond and being likewise waived and released by the terms of the Indenture. 

This bond shall be exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the
Indenture, upon the surrender of such bonds at the office or agency of the Company in the Borough of Manhattan, The City of New York. However, notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any
registration of transfer or exchange of bonds of said series other than for any tax or taxes or other governmental charge required to be paid by the Company. 
 {END OF FORM OF REGISTERED BOND OF THE 2027 BONDS} 
  

 
 {FORM OF
REGISTERED BOND OF THE 2042 BONDS} 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
OF ANY STATE. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION.

  
 12 

 CONSUMERS ENERGY COMPANY 

FIRST MORTGAGE BOND 

4.31% SERIES DUE 2042 
  

			
	 PPN:
	  	$_____________
	 No.: __
	  	

 CONSUMERS ENERGY COMPANY, a Michigan corporation (hereinafter called the “Company”), for value
received, hereby promises to pay to             , or registered assigns, the principal sum of              Dollars
($            ) on December 15, 2042 (the “2042 Stated Maturity”), and to pay to the registered holder hereof interest on said sum from and including the latest
semi-annual interest payment date to which interest has been paid or duly made available for payment on the bonds of this series preceding the date hereof, unless the date hereof be an interest payment date to which interest is being paid, in which
case from and including the date hereof, or unless the date hereof is prior to June 15, 2013, in which case from and including December 17, 2012 (or if this bond is dated between the record date for any interest payment date and such
interest payment date, then from and including such interest payment date, provided, however, that if the Company shall default in payment of the interest due on such interest payment date, then from and including the next preceding semi-annual
interest payment date to which interest has been paid or duly made available for payment on the bonds of this series, or if such interest payment date is June 15, 2013, from and including December 17, 2012), in each case to but excluding
the next succeeding interest payment date or the date of maturity, as the case may be, at the rate per annum, until the principal hereof is paid or duly made available for payment, specified in the title of this bond, payable on June 15 and
December 15 in each year. The provisions of this bond are continued below and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

This bond shall not be valid or become obligatory for any purpose unless and until it shall have been authenticated by the execution by
the Trustee or its successor in trust under the Indenture of the certificate hereon. 
 IN WITNESS WHEREOF, Consumers Energy
Company has caused this bond to be executed in its name by its Chairman of the Board, its President or one of its Vice Presidents by his or her signature or a facsimile thereof, and its corporate seal or a facsimile thereof to be affixed hereto or
imprinted hereon and attested by its Secretary or one of its Assistant Secretaries by his or her signature or a facsimile thereof. 
  

							
		 		 	CONSUMERS ENERGY COMPANY
	Dated:	 		 	
				
		 		 	By:	 	 
		 		 	Printed:	 	 
		 		 	Title:	 	 

 Attest: __________________________ 

  
 13 

 TRUSTEE’S AUTHENTICATION CERTIFICATE 

This is one of the bonds, of the series designated therein, described in the within-mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON, Trustee
		
	By:	 	 
		 	Authorized Officer

 CONSUMERS ENERGY COMPANY 
 FIRST MORTGAGE BOND 
 4.31% SERIES DUE 2042 

The interest payable on any June 15 or December 15 will, subject to certain exceptions provided in the Indenture hereinafter
mentioned, be paid to the person in whose name this bond is registered at 5:00 p.m., New York City time, on the record date, which shall be the June 1 or December 1 (whether or not such June 1 or December 1 shall be a legal
holiday or a day on which banking institutions in the Borough of Manhattan, The City of New York, are authorized to close) preceding the relevant interest payment date, except that interest payable at the 2042 Stated Maturity shall be paid to the
person to whom the principal amount is paid. The initial interest payment date will be June 15, 2013. The principal of and the premium, if any, and interest on this bond shall be payable at the office or agency of the Company in the Borough of
Manhattan, The City of New York, designated for that purpose, 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. 

This bond is one of the bonds of a series designated as First Mortgage Bonds, 4.31% Series due 2042 (sometimes herein referred to as the
“2042 Bonds” or the “Bonds”) issued under and in accordance with and secured by an indenture dated as of September 1, 1945, given by the Company (or its predecessor, Consumers Power Company, a Maine corporation) to City Bank
Farmers Trust Company (The Bank of New York Mellon, successor) (hereinafter sometimes referred to as the “Trustee”), together with indentures supplemental thereto, heretofore or hereafter executed, to which indenture and indentures
supplemental thereto (hereinafter referred to collectively as the “Indenture”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security and the rights, duties and immunities
thereunder of the Trustee and the rights of the holders of said bonds and of the Trustee and of the Company in respect of such security, and the limitations on such rights. By the terms of the Indenture, the bonds to be secured thereby are issuable
in series which may vary as to date, amount, date of maturity, rate of interest and in other respects as provided in the Indenture. 
 Any or all of the 2042 Bonds may be redeemed by the Company, at its option, in whole or in part, at any time and from time to time prior to maturity, at a redemption price equal to 100% of the principal
amount of such 2042 Bonds being redeemed plus the Applicable Premium (as defined below), if any, thereon at the time of redemption, together with accrued and unpaid interest, if any, thereon to, but not including, the redemption date. In no event
will the redemption price be less than 100% of the principal amount of the 2042 Bonds plus accrued and unpaid interest, if any, thereon to, but not including, the redemption date. 

  
 14 

 “Applicable Premium” means, with respect to a 2042 Bond (or portion thereof) being
redeemed at any time, the excess of (a) the present value at such time of the principal amount of such 2042 Bond (or portion thereof) being redeemed plus all interest payments due on such 2042 Bond (or portion thereof) after the redemption date
(but, for the avoidance of doubt, excluding any portion of such payments of interest accrued to the redemption date), which present value shall be computed using a discount rate equal to the Treasury Rate (as defined below) plus 50 basis points,
over (b) the principal amount of such 2042 Bond (or portion thereof) being redeemed at such time. For purposes of this definition, the present values of interest and principal payments will be determined in accordance with generally accepted
principles of financial analysis. 
 “Treasury Rate” means the yield to maturity at the time of computation of
on-the-run United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) (the “Statistical Release”)) that has become publicly available at least two
Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the then remaining average life to stated maturity of the 2042 Bonds;
provided, however, that if the average life to stated maturity of the 2042 Bonds is not equal to the constant maturity of an on-the-run United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by
linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of on-the-run United States Treasury securities for which such yields are given. 

The Treasury Rate will be calculated on the third Business Day preceding the date fixed for redemption. 

If less than all of the 2042 Bonds are to be redeemed, the Trustee shall select, in such manner as it shall deem appropriate and fair,
the particular 2042 Bonds or portions thereof to be redeemed. Notice of redemption shall be given by mail not less than 30 nor more than 60 days prior to the date fixed for redemption to the holders of the 2042 Bonds to be redeemed; provided,
however, that the failure to duly give such notice by mail, or any defect therein, shall not affect the validity of any proceedings for the redemption of the 2042 Bonds as to which there shall have been no such failure or defect. On and after the
date fixed for redemption (unless the Company shall default in the payment of the 2042 Bonds or portions thereof to be redeemed at the applicable redemption price, together with accrued and unpaid interest, if any, thereon to, but not including,
such date), interest on the 2042 Bonds or the portions thereof so called for redemption shall cease to accrue. 
 This bond is
not redeemable by the operation of the maintenance and replacement provisions of the Indenture or with the proceeds of released property or in any other manner except as set forth above. 

In case of certain defaults as specified in the Indenture, the principal of this bond may be declared or may become due and payable on
the conditions, at the time, in the manner and with the effect provided in the Indenture. The holders of certain specified percentages of the bonds at the time outstanding, including in certain cases specified percentages of bonds of particular
series, may in certain cases, to the extent and as provided in the Indenture, waive certain defaults thereunder and the consequences of such defaults. 

  
 15 

 The Indenture contains provisions permitting the Company and the Trustee, with the consent
of the holders of not less than seventy-five per centum in principal amount of the bonds (exclusive of bonds disqualified by reason of the Company’s interest therein) at the time outstanding, including, if more than one series of bonds shall be
at the time outstanding, not less than sixty per centum in principal amount of each series affected, to effect, by an indenture supplemental to the Indenture, modifications or alterations of the Indenture and of the rights and obligations of the
Company and the rights of the holders of the bonds and coupons; provided, however, that no such modification or alteration shall be made without the written approval or consent of the holder hereof which will (a) extend the maturity of this
bond or reduce the rate or extend the time of payment of interest hereon or reduce the amount of the principal hereof or reduce any premium payable on the redemption hereof, (b) permit the creation of any lien, not otherwise permitted, prior to
or on a parity with the lien of the Indenture, or (c) reduce the aforesaid percentage of the principal amount of bonds the holders of which are required to approve any such supplemental indenture. 

The Company reserves the right, without any consent, vote or other action by holders of the 2042 Bonds or any other series created after
the Sixty-eighth Supplemental Indenture, to amend the Indenture to reduce the percentage of the principal amount of bonds the holders of which are required to approve any supplemental indenture (other than any supplemental indenture which is subject
to the proviso contained in the immediately preceding sentence) (a) from not less than seventy-five per centum (including sixty per centum of each series affected) to not less than a majority in principal amount of the bonds at the time
outstanding or (b) in case fewer than all series are affected, not less than a majority in principal amount of the bonds of all affected series, voting together. 
 No recourse shall be had for the payment of the principal of or premium, if any, or interest on this bond, or for any claim based hereon, or otherwise in respect hereof or of the Indenture, to or against
any incorporator, stockholder, director or officer, past, present or future, as such, of the Company, or of any predecessor or successor company, either directly or through the Company, or such predecessor or successor company, or otherwise, under
any constitution or statute or rule of law, or by the enforcement of any assessment or penalty, or otherwise, all such liability of incorporators, stockholders, directors and officers, as such, being waived and released by the holder and owner
hereof by the acceptance of this bond and being likewise waived and released by the terms of the Indenture. 
 This bond shall
be exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the office or agency of the Company in the Borough of Manhattan, The City of New
York. However, notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any registration of transfer or exchange of bonds of said series other than for any tax or taxes or other governmental charge required
to be paid by the Company. 
 {END OF FORM OF REGISTERED BOND OF THE 2042 BONDS} 

  
 16 

   
 AND WHEREAS, all acts and things necessary to make the Bonds, when duly executed by the Company and authenticated by the Trustee or its agent and issued as prescribed in the Indenture, as heretofore
supplemented and amended, and this Supplemental Indenture, the valid, binding and legal obligations of the Company, and to constitute the Indenture, as supplemented and amended as aforesaid, as well as by this Supplemental Indenture, a valid,
binding and legal instrument for the security thereof, have been done and performed, and the creation, execution and delivery of this Supplemental Indenture and the creation, execution and issuance of bonds subject to the terms hereof and of the
Indenture, as so supplemented and amended, have in all respects been duly authorized; 
 NOW, THEREFORE, in consideration of the
premises, of the acceptance and purchase by the holders thereof of the bonds issued and to be issued under the Indenture, as supplemented and amended as above set forth, duly paid by the Trustee to the Company, and of other good and valuable
considerations, the receipt whereof is hereby acknowledged, and for the purpose of securing the due and punctual payment of the principal of and premium, if any, and interest on all bonds now outstanding under the Indenture and the $51,500,000
principal amount of the 2024 Bonds, the $35,500,000 principal amount of the 2027 Bonds, and the $263,000,000 principal amount of the 2042 Bonds, and all other bonds which shall be issued under the Indenture, as supplemented and amended from time to
time, and for the purpose of securing the faithful performance and observance of all covenants and conditions therein, and in any indenture supplemental thereto, set forth, the Company has given, granted, bargained, sold, released, transferred,
assigned, hypothecated, pledged, mortgaged, confirmed, set over, warranted, alienated and conveyed and by these presents does give, grant, bargain, sell, release, transfer, assign, hypothecate, pledge, mortgage, confirm, set over, warrant, alienate
and convey unto The Bank of New York Mellon, as Trustee, as provided in the Indenture, and its successor or successors in the trust thereby and hereby created and to its or their assigns forever, all the right, title and interest of the Company in
and to all the property, described in Section 13 hereof, together (subject to the provisions of Article X of the Indenture) with the tolls, rents, revenues, issues, earnings, income, products and profits thereof, excepting, however, the
property, interests and rights specifically excepted from the lien of the Indenture as set forth in the Indenture; 
 TOGETHER
WITH all and singular the tenements, hereditaments and appurtenances belonging or in any wise appertaining to the premises, property, franchises and rights, or any thereof, referred to in the foregoing granting clause, with the reversion and
reversions, remainder and remainders and (subject to the provisions of Article X of the Indenture) the tolls, rents, revenues, issues, earnings, income, products and profits thereof, and all the estate, right, title and interest and claim
whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid premises, property, franchises and rights and every part and parcel thereof; 

SUBJECT, HOWEVER, with respect to such premises, property, franchises and rights, to excepted encumbrances as said term is defined in
Section 1.02 of the Indenture, and subject also to all defects and limitations of title and to all encumbrances existing at the time of acquisition. 

  
 17 

 TO HAVE AND TO HOLD all said premises, property, franchises and rights hereby conveyed,
assigned, pledged or mortgaged, or intended so to be, unto the Trustee, its successor or successors in trust and their assigns forever; 
 BUT IN TRUST, NEVERTHELESS, with power of sale for the equal and proportionate benefit and security of the holders of all bonds now or hereafter authenticated and delivered under and secured by the
Indenture and interest coupons appurtenant thereto, pursuant to the provisions of the Indenture and of any supplemental indenture, and for the enforcement of the payment of said bonds and coupons when payable and the performance of and compliance
with the covenants and conditions of the Indenture and of any supplemental indenture, without any preference, distinction or priority as to lien or otherwise of any bond or bonds over others by reason of the difference in time of the actual
authentication, delivery, issue, sale or negotiation thereof or for any other reason whatsoever, except as otherwise expressly provided in the Indenture; and so that each and every bond now or hereafter authenticated and delivered thereunder shall
have the same lien, and so that the principal of and premium, if any, and interest on every such bond shall, subject to the terms thereof, be equally and proportionately secured, as if it had been made, executed, authenticated, delivered, sold and
negotiated simultaneously with the execution and delivery thereof; 
 AND IT IS EXPRESSLY DECLARED by the Company that all bonds
authenticated and delivered under and secured by the Indenture, as supplemented and amended as above set forth, are to be issued, authenticated and delivered, and all said premises, property, franchises and rights hereby and by the Indenture and
indentures supplemental thereto conveyed, assigned, pledged or mortgaged, or intended so to be, are to be dealt with and disposed of under, upon and subject to the terms, conditions, stipulations, covenants, agreements, trusts, uses and purposes
expressed in the Indenture, as supplemented and amended as above set forth, and the parties hereto mutually agree as follows: 

SECTION 1. There is hereby created one series of bonds (the “2024 Bonds”) designated as hereinabove provided, which shall also
bear the descriptive title “First Mortgage Bond”, and the form thereof shall be substantially as hereinbefore set forth. The 2024 Bonds shall be issued in the aggregate principal amount of $51,500,000, shall mature on December 15,
2024 and shall be issued only as registered bonds without coupons in denominations of $100,000 and any multiple thereof. The serial numbers of the 2024 Bonds shall be such as may be approved by any officer of the Company, the execution thereof by
any such officer either manually or by facsimile signature to be conclusive evidence of such approval. The 2024 Bonds shall bear interest at the rate per annum, until the principal thereof is paid or duly made available for payment, specified in the
title thereto, payable semi-annually in arrears on June 15 and December 15 in each year. Interest on the 2024 Bonds will be computed on the basis of a 360-day year consisting of twelve 30-day months. The principal of and the premium, if
any, and the interest on said bonds shall be payable 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, at the office or agency of the Company in the City of New York,
designated for that purpose. The 2024 Bonds shall be exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the office or agency of the
Company in the Borough of Manhattan, The City of New York. However, notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any registration of transfer or exchange of bonds of said series other than for
any tax or taxes or other governmental charge required to be paid by the Company. 

  
 18 

 SECTION 2. There is hereby created one series of bonds (the “2027 Bonds”)
designated as hereinabove provided, which shall also bear the descriptive title “First Mortgage Bond”, and the form thereof shall be substantially as hereinbefore set forth. The 2027 Bonds shall be issued in the aggregate principal amount
of $35,500,000, shall mature on December 15, 2027 and shall be issued only as registered bonds without coupons in denominations of $100,000 and any multiple thereof. The serial numbers of the 2027 Bonds shall be such as may be approved by any
officer of the Company, the execution thereof by any such officer either manually or by facsimile signature to be conclusive evidence of such approval. The 2027 Bonds shall bear interest at the rate per annum, until the principal thereof is paid or
duly made available for payment, specified in the title thereto, payable semi-annually in arrears on June 15 and December 15 in each year. Interest on the 2027 Bonds will be computed on the basis of a 360-day year consisting of twelve
30-day months. The principal of and the premium, if any, and the interest on said bonds shall be payable 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, at the office
or agency of the Company in the City of New York, designated for that purpose. The 2027 Bonds shall be exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender
of such bonds at the office or agency of the Company in the Borough of Manhattan, The City of New York. However, notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any registration of transfer or
exchange of bonds of said series other than for any tax or taxes or other governmental charge required to be paid by the Company. 
 SECTION 3. There is hereby created one series of bonds (the “2042 Bonds”) designated as hereinabove provided, which shall also bear the descriptive title “First Mortgage Bond”, and the
form thereof shall be substantially as hereinbefore set forth. The 2042 Bonds shall be issued in the aggregate principal amount of $263,000,000, shall mature on December 15, 2042 and shall be issued only as registered bonds without coupons in
denominations of $100,000 and any multiple thereof. The serial numbers of the 2042 Bonds shall be such as may be approved by any officer of the Company, the execution thereof by any such officer either manually or by facsimile signature to be
conclusive evidence of such approval. The 2042 Bonds shall bear interest at the rate per annum, until the principal thereof is paid or duly made available for payment, specified in the title thereto, payable semi-annually in arrears on June 15
and December 15 in each year. Interest on the 2042 Bonds will be computed on the basis of a 360-day year consisting of twelve 30-day months. The principal of and the premium, if any, and the interest on said bonds shall be payable 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, at the office or agency of the Company in the City of New York, designated for that purpose. The 2042 Bonds shall be exchangeable
for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the office or agency of the Company in the Borough of Manhattan, The City of New York. However,
notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any registration of transfer or exchange of bonds of said series other than for any tax or taxes or other governmental charge required to be paid by
the Company. 

  
 19 

 SECTION 4. Any or all of the 2024 Bonds, the 2027 Bonds and the 2042 Bonds may be redeemed
by the Company at its option, in whole or in part, at any time and from time to time prior to maturity, at a redemption price equal to 100% of the principal amount of such Bonds being redeemed plus the Applicable Premium (as defined below), if any,
thereon at the time of redemption, together with accrued and unpaid interest, if any, thereon to, but not including, the redemption date. In no event will the redemption price be less than 100% of the principal amount of the Bonds plus accrued and
unpaid interest, if any, thereon to, but not including, the redemption date. 
 “Applicable Premium” means, with
respect to a Bond (or portion thereof) being redeemed at any time, the excess of (A) the present value at such time of the principal amount of such Bond (or portion thereof) being redeemed plus all interest payments due on such Bond (or portion
thereof) after the redemption date (but, for the avoidance of doubt, excluding any portion of such payments of interest accrued to the redemption date), which present value shall be computed using a discount rate equal to the Treasury Rate (as
defined below) plus 50 basis points, over (b) the principal amount of such Bond (or portion thereof) being redeemed at such time. For purposes of this definition, the present values of interest and principal payments will be determined in
accordance with generally accepted principles of financial analysis. 
 “Treasury Rate” means the yield to maturity at
the time of computation of on-the-run United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) (the “Statistical Release”)) that has become
publicly available at least two Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the then remaining average life to stated
maturity of the Bonds; provided, however, that if the average life to stated maturity of the Bonds is not equal to the constant maturity of an on-the-run United States Treasury security for which a weekly average yield is given, the Treasury Rate
shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of on-the-run United States Treasury securities for which such yields are given. 

The Treasury Rate will be calculated on the third Business Day preceding the date fixed for redemption. 

In connection with any redemption, the Company shall give the Trustee notice of the redemption price promptly after the calculation
thereof and the Trustee shall not be responsible for such calculation. 
 If less than all of the 2024 Bonds, 2027 Bonds and
2042 Bonds, as the case may be, are to be redeemed, the Trustee shall select, in such manner as it shall deem appropriate and fair, the particular 2024 Bonds, 2027 Bonds and 2042 Bonds or portions thereof to be redeemed, as the case may be. Notice
of redemption shall be given by mail not less than 30 nor more than 60 days prior to the date fixed for redemption to the holders of the Bonds to be redeemed; provided, however, that the failure to duly give such notice by mail, or any defect
therein, shall 

  
 20 

 
not affect the validity of any proceedings for the redemption of the Bonds as to which there shall have been no such failure or defect. On and after the date fixed for redemption (unless the
Company shall default in the payment of the Bonds or portions thereof to be redeemed at the applicable redemption price, together with accrued and unpaid interest, if any, thereon to, but not including, such date), interest on the 2024 Bonds, 2027
Bonds and 2042 Bonds or the portions thereof, as the case may be, so called for redemption shall cease to accrue. 
 SECTION 5.
The Bonds are not redeemable by the operation of the maintenance and replacement provisions of the Indenture or with the proceeds of released property or in any other manner except as set forth in Section 4 hereof. 

SECTION 6. The Company reserves the right, without any consent, vote or other action by the holders of the 2024 Bonds, 2027 Bonds and
2042 Bonds or of any subsequent series of bonds issued under the Indenture, to make such amendments to the Indenture, as supplemented, as shall be necessary in order to amend Section 17.02 to read as follows: 

SECTION 17.02. With the consent of the holders of not less than a majority in principal amount of the bonds at the time outstanding or
their attorneys-in-fact duly authorized, or, if fewer than all series are affected, not less than a majority in principal amount of the bonds at the time outstanding of each series the rights of the holders of which are affected, voting together,
the Company, when authorized by a resolution, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of this Indenture or of any supplemental indenture or modifying the rights and obligations of the Company and the rights of the holders of any of the bonds and coupons; provided, however, that no such supplemental indenture shall
(1) extend the maturity of any of the bonds or reduce the rate or extend the time of payment of interest thereon, or reduce the amount of the principal thereof, or reduce any premium payable on the redemption thereof, without the consent of the
holder of each bond so affected, or (2) permit the creation of any lien, not otherwise permitted, prior to or on a parity with the lien of this Indenture, without the consent of the holders of all the bonds then outstanding, or (3) reduce
the aforesaid percentage of the principal amount of bonds the holders of which are required to approve any such supplemental indenture, without the consent of the holders of all the bonds then outstanding. For the purposes of this Section, bonds
shall be deemed to be affected by a supplemental indenture if such supplemental indenture adversely affects or diminishes the rights of holders thereof against the Company or against its property. The Trustee may in its discretion determine whether
or not, in accordance with the foregoing, bonds of any particular series would be affected by any supplemental indenture and any such determination shall be conclusive upon the holders of bonds of such series and all other series. Subject to the
provisions of Sections 16.02 and 16.03 hereof, the Trustee shall not be liable for any determination made in good faith in connection herewith. 

  
 21 

 Upon the written request of the Company, accompanied by a resolution
authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of bondholders as aforesaid (the instrument or instruments evidencing such consent to be dated within one year of such
request), the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the
Trustee may in its discretion but shall not be obligated to enter into such supplemental indenture. 
 It shall
not be necessary for the consent of the bondholders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

The Company and the Trustee, if they so elect, and either before or after such consent has been obtained, may require the
holder of any bond consenting to the execution of any such supplemental indenture to submit his bond to the Trustee or to ask such bank, banker or trust company as may be designated by the Trustee for the purpose, for the notation thereon of the
fact that the holder of such bond has consented to the execution of such supplemental indenture, and in such case such notation, in form satisfactory to the Trustee, shall be made upon all bonds so submitted, and such bonds bearing such notation
shall forthwith be returned to the persons entitled thereto. 
 Prior to the execution by the Company and the
Trustee of any supplemental indenture pursuant to the provisions of this Section, the Company shall publish a notice, setting forth in general terms the substance of such supplemental indenture, at least once in one daily newspaper of general
circulation in each city in which the principal of any of the bonds shall be payable, or, if all bonds outstanding shall be registered bonds without coupons or coupon bonds registered as to principal, such notice shall be sufficiently given if
mailed, first class, postage prepaid, and registered if the Company so elects, to each registered holder of bonds at the last address of such holder appearing on the registry books, such publication or mailing, as the case may be, to be made not
less than thirty days prior to such execution. Any failure of the Company to give such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

SECTION 7. The Company hereby appoints the Trustee as paying agent, registrar and transfer agent for the Bonds and confirms the
appointment of the Trustee as paying agent, registrar and transfer agent for all other bonds outstanding under the Indenture. 

  
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 SECTION 8. As supplemented and amended as above set forth, the Indenture is in all respects
ratified and confirmed, and the Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 
 SECTION 9. The Trustee assumes no responsibility for or in respect of the validity or sufficiency of this Supplemental Indenture or of the Indenture as hereby supplemented or the due execution hereof by
the Company or for or in respect of the recitals and statements contained herein (other than those contained in the tenth and eleventh recitals hereof), all of which recitals and statements are made solely by the Company. The Trustee shall have no
obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Supplemental Indenture or under applicable law with respect to any transfer of any Bond other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of the Indenture or this Supplemental Indenture, and to examine the same to determine substantial compliance as
to form with the express requirements thereof or hereof. The Trustee as such and in its capacity as paying agent for the Bonds shall have no liability to the Company, to the holder or purchaser of any Bond or to any other person or entity for paying
any sums due on a Bond without requiring the surrender thereof in accordance with Section 9 of the Bond Purchase Agreement and shall be entitled to assume that any holder of a Bond is entitled to the benefits of said Section 9 unless the
Company shall have given the Trustee written notice to the contrary. 
 SECTION 10. This Supplemental Indenture may be
simultaneously executed in several counterparts and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. 
 SECTION 11. If any interest payment date or redemption date for the Bonds or the 2024 Stated Maturity, the 2027 Stated Maturity or the 2042 Stated Maturity falls on a day that is not a Business Day, the
interest or principal payment will be made on the next succeeding Business Day (and without any interest or other payment in respect of any such delay). In the event the date of any notice required or permitted hereunder shall not be a Business Day,
then (notwithstanding any other provision of the Indenture or of any supplemental indenture thereto) such notice need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date
fixed for such notice. “Business Day” means, with respect to Section 4 and this Section 11, any day, other than a Saturday or Sunday, on which banks generally are open in New York, New York for the conduct of substantially all of
their commercial lending activities and on which interbank wire transfers can be made on the Fedwire system. 
 SECTION 12. This
Supplemental Indenture and the 2024 Bonds, 2027 Bonds and 2042 Bonds shall be governed by and deemed to be a contract under, and construed in accordance with, the laws of the State of Michigan, and for all purposes shall be construed in accordance
with the laws of such state, except as may otherwise be required by mandatory provisions of law. 

  
 23 

 SECTION 13. Detailed Description of Property Mortgaged: 

I. 
 ELECTRIC
GENERATING PLANTS AND DAMS 
 All the electric generating plants and stations of the Company, constructed or otherwise acquired
by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, including all powerhouses, buildings, reservoirs, dams, pipelines, flumes, structures and works and the land on
which the same are situated and all water rights and all other lands and easements, rights of way, permits, privileges, towers, poles, wires, machinery, equipment, appliances, appurtenances and supplies and all other property, real or personal,
forming a part of or appertaining to or used, occupied or enjoyed in connection with such plants and stations or any of them, or adjacent thereto. 
 II. 
 ELECTRIC TRANSMISSION LINES 

All the electric transmission lines of the Company, constructed or otherwise acquired by it and not heretofore described in the Indenture
or any supplement thereto and not heretofore released from the lien of the Indenture, including towers, poles, pole lines, wires, switches, switch racks, switchboards, insulators and other appliances and equipment, and all other property, real or
personal, forming a part of or appertaining to or used, occupied or enjoyed in connection with such transmission lines or any of them or adjacent thereto; together with all real property, rights of way, easements, permits, privileges, franchises and
rights for or relating to the construction, maintenance or operation thereof, through, over, under or upon any private property or any public streets or highways, within as well as without the corporate limits of any municipal corporation. Also all
the real property, rights of way, easements, permits, privileges and rights for or relating to the construction, maintenance or operation of certain transmission lines, the land and rights for which are owned by the Company, which are either not
built or now being constructed. 
 III. 
 ELECTRIC DISTRIBUTION SYSTEMS 
 All the electric distribution systems of the
Company, constructed or otherwise acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, including substations, transformers, switchboards, towers, poles,
wires, insulators, subways, trenches, conduits, manholes, cables, meters and other appliances and equipment, and all other property, real or personal, forming a part of or appertaining to or used, occupied or enjoyed in connection with such
distribution systems or any of them or adjacent thereto; together with all real property, rights of way, easements, permits, privileges, franchises, grants and rights, for or relating to the construction, maintenance or operation thereof, through,
over, under or upon any private property or any public streets or highways within as well as without the corporate limits of any municipal corporation. 

  
 24 

 IV. 
 ELECTRIC SUBSTATIONS, SWITCHING STATIONS AND SITES 
 All the substations,
switching stations and sites of the Company, constructed or otherwise acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, for transforming, regulating,
converting or distributing or otherwise controlling electric current at any of its plants and elsewhere, together with all buildings, transformers, wires, insulators and other appliances and equipment, and all other property, real or personal,
forming a part of or appertaining to or used, occupied or enjoyed in connection with any of such substations and switching stations, or adjacent thereto, with sites to be used for such purposes. 

V. 
 GAS
COMPRESSOR STATIONS, GAS PROCESSING PLANTS, 
 DESULPHURIZATION STATIONS, METERING STATIONS, 

ODORIZING STATIONS, REGULATORS AND SITES 
 All the compressor stations, processing plants, desulphurization stations, metering stations, odorizing stations, regulators and sites of the Company, constructed or otherwise acquired by it and not
heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, for compressing, processing, desulphurizing, metering, odorizing and regulating manufactured or natural gas at any of its
plants and elsewhere, together with all buildings, meters and other appliances and equipment, and all other property, real or personal, forming a part of or appertaining to or used, occupied or enjoyed in connection with any of such purposes, with
sites to be used for such purposes. 
 VI. 
 GAS STORAGE FIELDS 
 The natural gas rights and interests of the Company,
including wells and well lines (but not including natural gas, oil and minerals), the gas gathering system, the underground gas storage rights, the underground gas storage wells and injection and withdrawal system used in connection therewith,
constructed or otherwise acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture: In the Overisel Gas Storage Field, located in the Township of Overisel,
Allegan County, and in the Township of Zeeland, Ottawa County, Michigan; in the Northville Gas Storage Field located in the Township of Salem, Washtenaw County, Township of Lyon, Oakland County, and the Townships of Northville and Plymouth and City
of Plymouth, Wayne County, Michigan; in the Salem Gas Storage Field, located in the Township of Salem, Allegan County, and in the Township of Jamestown, Ottawa County, Michigan; in the Ray Gas Storage Field, located in the Townships of Ray and
Armada, Macomb County, Michigan; in the Lenox Gas Storage Field, located in the Townships of Lenox and Chesterfield, Macomb County, Michigan; in the Ira Gas Storage Field, located in the Township of Ira, St. Clair County, Michigan; in the Puttygut
Gas Storage Field, located in the Township of Casco, St. Clair County, 

  
 25 

 
Michigan; in the Four Corners Gas Storage Field, located in the Townships of Casco, China, Cottrellville and Ira, St. Clair County, Michigan; in the Swan Creek Gas Storage Field, located in the
Townships of Casco and Ira, St. Clair County, Michigan; and in the Hessen Gas Storage Field, located in the Townships of Casco and Columbus, St. Clair County, Michigan. 
 VII. 
 GAS TRANSMISSION LINES 

All the gas transmission lines of the Company, constructed or otherwise acquired by it and not heretofore described in the Indenture or
any supplement thereto and not heretofore released from the lien of the Indenture, including gas mains, pipes, pipelines, gates, valves, meters and other appliances and equipment, and all other property, real or personal, forming a part of or
appertaining to or used, occupied or enjoyed in connection with such transmission lines or any of them or adjacent thereto; together with all real property, right of way, easements, permits, privileges, franchises and rights for or relating to the
construction, maintenance or operation thereof, through, over, under or upon any private property or any public streets or highways, within as well as without the corporate limits of any municipal corporation. 

VIII. 
 GAS
DISTRIBUTION SYSTEMS 
 All the gas distribution systems of the Company, constructed or otherwise acquired by it and not
heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, including tunnels, conduits, gas mains and pipes, service pipes, fittings, gates, valves, connections, meters and other
appliances and equipment, and all other property, real or personal, forming a part of or appertaining to or used, occupied or enjoyed in connection with such distribution systems or any of them or adjacent thereto; together with all real property,
rights of way, easements, permits, privileges, franchises, grants and rights, for or relating to the construction, maintenance or operation thereof, through, over, under or upon any private property or any public streets or highways within as well
as without the corporate limits of any municipal corporation. 
 IX. 

OFFICE BUILDINGS, SERVICE BUILDINGS, GARAGES, ETC. 
 All office, garage, service and other buildings of the Company, wherever located, in the State of Michigan, constructed or otherwise acquired by it and not heretofore described in the Indenture or any
supplement thereto and not heretofore released from the lien of the Indenture, together with the land on which the same are situated and all easements, rights of way and appurtenances to said lands, together with all furniture and fixtures located
in said buildings. 

  
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 X. 
 TELEPHONE PROPERTIES AND RADIO COMMUNICATION EQUIPMENT 
 All telephone lines,
switchboards, systems and equipment of the Company, constructed or otherwise acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, used or available for use
in the operation of its properties, and all other property, real or personal, forming a part of or appertaining to or used, occupied or enjoyed in connection with such telephone properties or any of them or adjacent thereto; together with all real
estate, rights of way, easements, permits, privileges, franchises, property, devices or rights related to the dispatch, transmission, reception or reproduction of messages, communications, intelligence, signals, light, vision or sound by
electricity, wire or otherwise, including all telephone equipment installed in buildings used as general and regional offices, substations and generating stations and all telephone lines erected on towers and poles; and all radio communication
equipment of the Company, together with all property, real or personal (except any in the Indenture expressly excepted), fixed stations, towers, auxiliary radio buildings and equipment, and all appurtenances used in connection therewith, wherever
located, in the State of Michigan. 
 XI. 
 OTHER REAL PROPERTY 
 All other real property of the Company and all interests
therein, of every nature and description (except any in the Indenture expressly excepted) wherever located, in the State of Michigan, acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released
from the lien of the Indenture. Such real property includes but is not limited to the following described property, such property is subject to any interests that were excepted or reserved in the conveyance to the Company: 

ALCONA COUNTY 

Certain land in Caledonia Township, Alcona County, Michigan described as: 

The East 330 feet of the South 660 feet of the SW 1/4 of the SW 1/4 of Section 8, T28N, R8E, except the West 264 feet
of the South 330 feet thereof; said land being more particularly described as follows: To find the place of beginning of this description, commence at the Southwest corner of said section, run thence East along the South line of said section 1243
feet to the place of beginning of this description, thence continuing East along said South line of said section 66 feet to the West 1/8 line of said section, thence N 02 degrees 09’ 30” E along the said West 1/8 line of said section 660
feet, thence West 330 feet, thence S 02 degrees 09’ 30” W, 330 feet, thence East 264 feet, thence S 02 degrees 09’ 30” W, 330 feet to the place of beginning. 

ALLEGAN COUNTY 

Certain land in Lee Township, Allegan County, Michigan described as: 

The NE 1/4 of the NW 1/4 of Section 16, T1N, R15W. 

  
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 ALPENA COUNTY 
 Certain land in Wilson and Green Townships, Alpena County, Michigan described as: 
 All that part of the S’ly 1/2 of the former Boyne City-Gaylord and Alpena Railroad right of way, being the Southerly 50 feet of a 100 foot strip of land formerly occupied by said Railroad, running
from the East line of Section 31, T31N, R7E, Southwesterly across said Section 31 and Sections 5 and 6 of T30N, R7E and Sections 10, 11 and the E 1/2 of Section 9, except the West 1646 feet thereof, all in T30N, R6E. 

ANTRIM COUNTY 

Certain land in Mancelona Township, Antrim County, Michigan described as: 

The S 1/2 of the NE 1/4 of Section 33, T29N, R6W, excepting therefrom all mineral, coal, oil and gas and such other
rights as were reserved unto the State of Michigan in that certain deed running from the State of Michigan to August W. Schack and Emma H. Schack, his wife, dated April 15, 1946 and recorded May 20, 1946 in Liber 97 of Deeds on page 682 of
Antrim County Records. 
 ARENAC COUNTY 
 Certain land in Standish Township, Arenac County, Michigan described as: 
 A parcel of land in the SW 1/4 of the NW 1/4 of Section 12, T18N, R4E, described as follows: To find the place of beginning of said parcel of land, commence at the Northwest corner of
Section 12, T18N, R4E; run thence South along the West line of said section, said West line of said section being also the center line of East City Limits Road 2642.15 feet to the W 1/4 post of said section and the place of beginning of said
parcel of land; running thence N 88 degrees 26’ 00” E along the East and West 1/4 line of said section, 660.0 feet; thence North parallel with the West line of said section, 310.0 feet; thence S 88 degrees 26’ 00” W, 330.0 feet;
thence South parallel with the West line of said section, 260.0 feet; thence S 88 degrees 26’ 00” W, 330.0 feet to the West line of said section and the center line of East City Limits Road; thence South along the said West line of said
section, 50.0 feet to the place of beginning. 
 BARRY COUNTY 

Certain land in Johnstown Township, Barry County, Michigan described as: 

A strip of land 311 feet in width across the SW 1/4 of the NE 1/4 of Section 31, T1N, R8W,
described as follows: To find the place of beginning of this description, commence at the E  1/4 post of said section; run thence N 00 degrees 55’ 00” E along the East line of said section, 555.84 feet; thence
N 59 degrees 36’ 20” W, 1375.64 feet; thence N 88 degrees 30’ 00” W, 130 feet to a point on the East 1/8 line of said section and the place of beginning of this description; thence continuing N 88 degrees 30’ 00” W,
1327.46 feet to the North 

  
 28 

 
and South 1/4 line of said section; thence S 00 degrees 39’35” W along said North and South 1/4 line of said section, 311.03 feet to a point, which said point is 952.72 feet distant
N’ly from the East and West 1/4 line of said section as measured along said North and South 1/4 line of said section; thence S 88 degrees 30’ 00” E, 1326.76 feet to the East 1/8 line of said section; thence N 00 degrees 47’
20” E along said East 1/8 line of said section, 311.02 feet to the place of beginning. 
 BAY COUNTY 

Certain land in Frankenlust Township, Bay County, Michigan described as: 

The South 250 feet of the N 1/2 of the W 1/2 of the W 1/2 of the SE 1/4 of Section 9, T13N, R4E. 

BENZIE COUNTY 

Certain land in Benzonia Township, Benzie County, Michigan described as: 

A parcel of land in the Northeast 1/4 of Section 7, Township 26 North, Range 14 West, described as beginning at a
point on the East line of said Section 7, said point being 320 feet North measured along the East line of said section from the East 1/4 post; running thence West 165 feet; thence North parallel with the East line of said section 165 feet;
thence East 165 feet to the East line of said section; thence South 165 feet to the place of beginning. 
 BRANCH COUNTY

 Certain land in Girard Township, Branch County, Michigan described as: 

A parcel of land in the NE 1/4 of Section 23 T5S, R6W, described as beginning at a point on the North and South
quarter line of said section at a point 1278.27 feet distant South of the North quarter post of said section, said distance being measured along the North and South quarter line of said section, running thence S89 degrees 21’E 250 feet, thence
North along a line parallel with the said North and South quarter line of said section 200 feet, thence N89 degrees 21’W 250 feet to the North and South quarter line of said section, thence South along said North and South quarter line of said
section 200 feet to the place of beginning. 
 CALHOUN COUNTY 

Certain land in Convis Township, Calhoun County, Michigan described as: 

A parcel of land in the SE 1/4 of the SE 1/4 of Section 32, T1S, R6W, described as follows: To find the place of
beginning of this description, commence at the Southeast corner of said section; run thence North along the East line of said section 1034.32 feet to the place of beginning of this description;

  
 29 

 
running thence N 89 degrees 39’ 52” W, 333.0 feet; thence North 290.0 feet to the South 1/8 line of said section; thence S 89 degrees 39’ 52” E along said South 1/8 line of
said section 333.0 feet to the East line of said section; thence South along said East line of said section 290.0 feet to the place of beginning. (Bearings are based on the East line of Section 32, T1S, R6W, from the Southeast corner of said
section to the Northeast corner of said section assumed as North.) 
 CASS COUNTY 

Certain easement rights located across land in Marcellus Township, Cass County, Michigan described as: 

The East 6 rods of the SW 1/4 of the SE 1/4 of Section 4, T5S, R13W. 

CHARLEVOIX COUNTY 

Certain land in South Arm Township, Charlevoix County, Michigan described as: 

A parcel of land in the SW 1/4 of Section 29, T32N, R7W, described as follows: Beginning at the Southwest corner of
said section and running thence North along the West line of said section 788.25 feet to a point which is 528 feet distant South of the South 1/8 line of said section as measured along the said West line of said section; thence N 89 degrees 30’
19” E, parallel with said South 1/8 line of said section 442.1 feet; thence South 788.15 feet to the South line of said section; thence S 89 degrees 29’ 30” W, along said South line of said section 442.1 feet to the place of
beginning. 
 CHEBOYGAN COUNTY 
 Certain land in Inverness Township, Cheboygan County, Michigan described as: 
 A parcel of land in the SW frl 1/4 of Section 31, T37N, R2W, described as beginning at the Northwest corner of the SW frl 1/4, running thence East on the East and West quarter line of said Section,
40 rods, thence South parallel to the West line of said Section 40 rods, thence West 40 rods to the West line of said Section, thence North 40 rods to the place of beginning. 

CLARE COUNTY 

Certain land in Frost Township, Clare County, Michigan described as: 

The East 150 feet of the North 225 feet of the NW 1/4 of the NW 1/4 of Section 15, T20N, R4W. 

  
 30 

 CLINTON COUNTY 
 Certain land in Watertown Township, Clinton County, Michigan described as: 
 The NE 1/4 of the NE 1/4 of the SE 1/4 of Section 22, and the North 165 feet of the NW 1/4 of the NE 1/4 of the SE 1/4 of Section 22, T5N, R3W. 

CRAWFORD COUNTY 

Certain land in Lovells Township, Crawford County, Michigan described as: 

A parcel of land in Section 1, T28N, R1W, described as: Commencing at NW corner said section; thence South 89
degrees53’30” East along North section line 105.78 feet to point of beginning; thence South 89 degrees53’30” East along North section line 649.64 feet; thence South 55 degrees 42’30” East 340.24 feet; thence South 55
degrees 44’ 37”“ East 5,061.81 feet to the East section line; thence South 00 degrees 00’ 08”“ West along East section line 441.59 feet; thence North 55 degrees 44’ 37” West 5,310.48 feet; thence North 55
degrees 42’30” West 877.76 feet to point of beginning. 
 EATON COUNTY 

Certain land in Eaton Township, Eaton County, Michigan described as: 

A parcel of land in the SW 1/4 of Section 6, T2N, R4W, described as follows: To find the place of beginning of this
description commence at the Southwest corner of said section; run thence N 89 degrees 51’ 30” E along the South line of said section 400 feet to the place of beginning of this description; thence continuing N 89 degrees 51’ 30”
E, 500 feet; thence N 00 degrees 50’ 00” W, 600 feet; thence S 89 degrees 51’ 30” W parallel with the South line of said section 500 feet; thence S 00 degrees 50’ 00” E, 600 feet to the place of beginning. 

EMMET COUNTY 

Certain land in Wawatam Township, Emmet County, Michigan described as: 

The West 1/2 of the Northeast 1/4 of the Northeast 1/4 of Section 23, T39N, R4W. 

GENESEE COUNTY 

Certain land in Argentine Township, Genesee County, Michigan described as: 

A parcel of land of part of the SW 1/4 of Section 8, T5N, R5E, being more particularly described as follows:

 Beginning at a point of the West line of Duffield Road, 100 feet wide, (as now established) distant 829.46
feet measured N01 degrees42’56”W and 50 feet measured S88 degrees14’04”W from the South quarter corner, Section 8, T5N, R5E; thence S88 degrees14’04”W a distance of 550 feet; thence N01 degrees42’56”W a
distance of 500 feet to a point on the North line of the South 

  
 31 

 
half of the Southwest quarter of said Section 8; thence N88 degrees14’04”E along the North line of South half of the Southwest quarter of said Section 8 a distance 550 feet to
a point on the West line of Duffield Road, 100 feet wide (as now established); thence S 01 degrees 42’56”E along the West line of said Duffield Road a distance of 500 feet to the point of beginning. 

GLADWIN COUNTY 

Certain land in Secord Township, Gladwin County, Michigan described as: 

The East 400 feet of the South 450 feet of Section 2, T19N, R1E. 

GRAND TRAVERSE COUNTY 
 Certain land in Mayfield Township, Grand Traverse County, Michigan described as: 
 A parcel of land in the Northwest 1/4 of Section 3, T25N, R11W, described as follows: Commencing at the Northwest corner of said section, running thence S 89 degrees19’15” E along the North
line of said section and the center line of Clouss Road 225 feet, thence South 400 feet, thence N 89 degrees19’15” W 225 feet to the West line of said section and the center line of Hannah Road, thence North along the West line of said
section and the center line of Hannah Road 400 feet to the place of beginning for this description. 
 GRATIOT COUNTY 

Certain land in Fulton Township, Gratiot County, Michigan described as: 

A parcel of land in the NE 1/4 of Section 7, Township 9 North, Range 3 West, described as beginning at a point on the
North line of George Street in the Village of Middleton, which is 542 feet East of the North and South one-quarter (1/4) line of said Section 7; thence North 100 feet; thence East 100 feet; thence South 100 feet to the North line of George
Street; thence West along the North line of George Street 100 feet to place of beginning. 
 HILLSDALE COUNTY 

Certain land in Litchfield Village, Hillsdale County, Michigan described as: 

Lot 238 of Assessors Plat of the Village of Litchfield. 

HURON COUNTY 

Certain easement rights located across land in Sebewaing Township, Huron County, Michigan described as: 

The North 1/2 of the Northwest 1/4 of Section 15, T15N, R9E. 

  
 32 

 INGHAM COUNTY 
 Certain land in Vevay Township, Ingham County, Michigan described as: 
 A parcel of land 660 feet wide in the Southwest 1/4 of Section 7 lying South of the centerline of Sitts Road as extended to the North-South 1/4 line of said Section 7, T2N, R1W, more
particularly described as follows: Commence at the Southwest corner of said Section 7, thence North along the West line of said Section 2502.71 feet to the centerline of Sitts Road; thence South 89 degrees54’45” East along said
centerline 2282.38 feet to the place of beginning of this description; thence continuing South 89 degrees54’45” East along said centerline and said centerline extended 660.00 feet to the North-South 1/4 line of said section; thence South
00 degrees07’20” West 1461.71 feet; thence North 89 degrees34’58” West 660.00 feet; thence North 00 degrees07’20” East 1457.91 feet to the centerline of Sitts Road and the place of beginning. 

IONIA COUNTY 

Certain land in Sebewa Township, Ionia County, Michigan described as: 

A strip of land 280 feet wide across that part of the SW 1/4 of the NE 1/4 of Section 15, T5N, R6W, described as
follows: 
 To find the place of beginning of this description commence at the E 1/4 corner of said section; run
thence N 00 degrees 05’ 38” W along the East line of said section, 1218.43 feet; thence S 67 degrees 18’ 24” W, 1424.45 feet to the East 1/8 line of said section and the place of beginning of this description; thence continuing S
67 degrees 18’ 24” W, 1426.28 feet to the North and South 1/4 line of said section at a point which said point is 105.82 feet distant N’ly of the center of said section as measured along said North and South 1/4 line of said section;
thence N 00 degrees 04’ 47” E along said North and South 1/4 line of said section, 303.67 feet; thence N 67 degrees 18’ 24” E, 1425.78 feet to the East 1/8 line of said section; thence S 00 degrees 00’ 26” E along said
East 1/8 line of said section, 303.48 feet to the place of beginning. (Bearings are based on the East line of Section 15, T5N, R6W, from the E 1/4 corner of said section to the Northeast corner of said section assumed as N 00 degrees 05’
38” W.) 
 IOSCO COUNTY 
 Certain land in Alabaster Township, Iosco County, Michigan described as: 
 A parcel of land in the NW 1/4 of Section 34, T21N, R7E, described as follows: To find the place of beginning of this description commence at the N 1/4 post of said section; run thence South along
the North and South 1/4 line of said section, 1354.40 feet to the place of beginning of this description; thence continuing South along the said North and South 1/4 line of said section, 165.00 feet to a point on the said North and South 1/4 line of
said section which said point is 1089.00 feet distant North of the center of said section; thence West 440.00 feet; thence North 165.00 feet; thence East 440.00 feet to the said North and South 1/4 line of said section and the place of beginning.

  
 33 

 ISABELLA COUNTY 
 Certain land in Chippewa Township, Isabella County, Michigan described as: 
 The North 8 rods of the NE 1/4 of the SE 1/4 of Section 29, T14N, R3W. 

JACKSON COUNTY 

Certain land in Waterloo Township, Jackson County, Michigan described as: 

A parcel of land in the North fractional part of the N fractional 1/2 of Section 2, T1S, R2E, described as follows:
To find the place of beginning of this description commence at the E 1/4 post of said section; run thence N 01 degrees 03’ 40” E along the East line of said section 1335.45 feet to the North 1/8 line of said section and the place of
beginning of this description; thence N 89 degrees 32’ 00” W, 2677.7 feet to the North and South 1/4 line of said section; thence S 00 degrees 59’ 25” W along the North and South 1/4 line of said section 22.38 feet to the North
1/8 line of said section; thence S 89 degrees 59’ 10” W along the North 1/8 line of said section 2339.4 feet to the center line of State Trunkline Highway M-52; thence N 53 degrees 46’ 00” W along the center line of said State
Trunkline Highway 414.22 feet to the West line of said section; thence N 00 degrees 55’ 10” E along the West line of said section 74.35 feet; thence S 89 degrees 32’ 00” E, 5356.02 feet to the East line of said section; thence S
01 degrees 03’ 40” W along the East line of said section 250 feet to the place of beginning. 
 KALAMAZOO COUNTY

 Certain land in Alamo Township, Kalamazoo County, Michigan described as: 

The South 350 feet of the NW 1/4 of the NW 1/4 of Section 16, T1S, R12W, being more particularly described as
follows: To find the place of beginning of this description, commence at the Northwest corner of said section; run thence S 00 degrees 36’ 55” W along the West line of said section 971.02 feet to the place of beginning of this description;
thence continuing S 00 degrees 36’ 55” W along said West line of said section 350.18 feet to the North 1/8 line of said section; thence S 87 degrees 33’ 40” E along the said North 1/8 line of said section 1325.1 feet to the West
1/8 line of said section; thence N 00 degrees 38’ 25” E along the said West 1/8 line of said section 350.17 feet; thence N 87 degrees 33’ 40” W, 1325.25 feet to the place of beginning. 

  
 34 

 KALKASKA COUNTY 
 Certain land in Kalkaska Township, Kalkaska County, Michigan described as: 
 The NW 1/4 of the SW 1/4 of Section 4, T27N, R7W, excepting therefrom all mineral, coal, oil and gas and such other rights as were reserved unto the State of Michigan in that certain deed running
from the Department of Conservation for the State of Michigan to George Welker and Mary Welker, his wife, dated October 9, 1934 and recorded December 28, 1934 in Liber 39 on page 291 of Kalkaska County Records, and subject to easement for
pipeline purposes as granted to Michigan Consolidated Gas Company by first party herein on April 4, 1963 and recorded June 21, 1963 in Liber 91 on page 631 of Kalkaska County Records. 

KENT COUNTY 

Certain land in Caledonia Township, Kent County, Michigan described as: 

A parcel of land in the Northwest fractional 1/4 of Section 15, T5N, R10W, described as follows: To find the place of
beginning of this description commence at the North 1/4 corner of said section, run thence S 0 degrees 59’ 26” E along the North and South 1/4 line of said section 2046.25 feet to the place of beginning of this description, thence
continuing S 0 degrees 59’ 26” E along said North and South 1/4 line of said section 332.88 feet, thence S 88 degrees 58’ 30” W 2510.90 feet to a point herein designated “Point A” on the East bank of the Thornapple
River, thence continuing S 88 degrees 53’ 30” W to the center thread of the Thornapple River, thence NW’ly along the center thread of said Thornapple River to a point which said point is S 88 degrees 58’ 30” W of a point on
the East bank of the Thornapple River herein designated “Point B”, said “Point B” being N 23 degrees 41’ 35” W 360.75 feet from said above-described “Point A”, thence N 88 degrees 58’ 30” E to said
“Point B”, thence continuing N 88 degrees 58’ 30” E 2650.13 feet to the place of beginning. (Bearings are based on the East line of Section 15, T5N, R10W between the East 1/4 corner of said section and the Northeast corner
of said section assumed as N 0 degrees 59’ 55” W.) 
 LAKE COUNTY 

Certain land in Pinora and Cherry Valley Townships, Lake County, Michigan described as: 

A strip of land 50 feet wide East and West along and adjoining the West line of highway on the East side of the North 1/2
of Section 13 T18N, R12W. Also a strip of land 100 feet wide East and West along and adjoining the East line of the highway on the West side of following described land: The South 1/2 of NW 1/4, and the South 1/2 of the NW 1/4 of the SW 1/4,
all in Section 6, T18N, R11W. 

  
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 LAPEER COUNTY 
 Certain land in Hadley Township, Lapeer County, Michigan described as: 
 The South 825 feet of the W 1/2 of the SW 1/4 of Section 24, T6N, R9E, except the West 1064 feet thereof. 
 LEELANAU COUNTY 
 Certain land in Cleveland Township, Leelanau County, Michigan
described as: 
 The North 200 feet of the West 180 feet of the SW 1/4 of the SE 1/4 of Section 35, T29N,
R13W. 
 LENAWEE COUNTY 
 Certain land in Madison Township, Lenawee County, Michigan described as: 
 A strip of land 165 feet wide off the West side of the following described premises: The E 1/2 of the SE 1/4 of Section 12. The E 1/2 of the NE 1/4 and the NE 1/4 of the SE 1/4 of Section 13,
being all in T7S, R3E, excepting therefrom a parcel of land in the E 1/2 of the SE 1/4 of Section 12, T7S, R3E, beginning at the Northwest corner of said E 1/2 of the SE 1/4 of Section 12, running thence East 4 rods, thence South 6 rods,
thence West 4 rods, thence North 6 rods to the place of beginning. 
 LIVINGSTON COUNTY 

Certain land in Cohoctah Township, Livingston County, Michigan described as: 

Parcel 1: 
 The East 390 feet of the East 50 rods of the SW 1/4 of Section 30, T4N, R4E. 
 Parcel 2: 
 A parcel of land in the NW 1/4 of Section 31, T4N,
R4E, described as follows: To find the place of beginning of this description commence at the N 1/4 post of said section; run thence N 89 degrees 13’ 06” W along the North line of said section, 330 feet to the place of beginning of this
description; running thence S 00 degrees 52’ 49” W, 2167.87 feet; thence N 88 degrees 59’ 49” W, 60 feet; thence N 00 degrees 52’ 49” E, 2167.66 feet to the North line of said section; thence S 89 degrees 13’
06” E along said North line of said section, 60 feet to the place of beginning. 

  
 36 

 MACOMB COUNTY 
 Certain land in Macomb Township, Macomb County, Michigan described as: 
 A parcel of land commencing on the West line of the E 1/2 of the NW 1/4 of fractional Section 6, 20 chains South of the NW corner of said E 1/2 of the NW 1/4 of Section 6; thence South on said
West line and the East line of A. Henry Kotner’s Hayes Road Subdivision #15, according to the recorded plat thereof, as recorded in Liber 24 of Plats, on page 7, 24.36 chains to the East and West 1/4 line of said Section 6; thence East on
said East and West 1/4 line 8.93 chains; thence North parallel with the said West line of the E 1/2 of the NW 1/4 of Section 6, 24.36 chains; thence West 8.93 chains to the place of beginning, all in T3N, R13E. 

MANISTEE COUNTY 

Certain land in Manistee Township, Manistee County, Michigan described as: 

A parcel of land in the SW 1/4 of Section 20, T22N, R16W, described as follows: To find the place of beginning of
this description, commence at the Southwest corner of said section; run thence East along the South line of said section 832.2 feet to the place of beginning of this description; thence continuing East along said South line of said section 132 feet;
thence North 198 feet; thence West 132 feet; thence South 198 feet to the place of beginning, excepting therefrom the South 2 rods thereof which was conveyed to Manistee Township for highway purposes by a Quitclaim Deed dated June 13, 1919 and
recorded July 11, 1919 in Liber 88 of Deeds on page 638 of Manistee County Records. 
 MASON COUNTY 

Certain land in Riverton Township, Mason County, Michigan described as: 

Parcel 1 
 The South 10 acres of the West 20 acres of the S 1/2 of the NE 1/4 of Section 22, T17N, R17W. 
 Parcel 2 
 A parcel of land containing 4 acres
of the West side of highway, said parcel of land being described as commencing 16 rods South of the Northwest corner of the NW 1/4 of the SW  1/4 of Section 22, T17N, R17W, running thence South 64 rods, thence NE’ly and
N’ly and NW’ly along the W’ly line of said highway to the place of beginning, together with any and all right, title, and interest of Howard C. Wicklund and Katherine E. Wicklund in and to that portion of the hereinbefore mentioned
highway lying adjacent to the E’ly line of said above described land. 
 MECOSTA COUNTY 

Certain land in Wheatland Township, Mecosta County, Michigan described as: 

A parcel of land in the SW 1/4 of the SW 1/4 of Section 16, T14N, R7W, described as beginning at the Southwest corner
of said section; thence East along the South line of Section 133 feet; thence North parallel to the West section line 133 feet; thence West 133 feet to the West line of said Section; thence South 133 feet to the place of beginning. 

  
 37 

 MIDLAND COUNTY 
 Certain land in Ingersoll Township, Midland County, Michigan described as: 
 The West 200 feet of the W 1/2 of the NE 1/4 of Section 4, T13N, R2E. 

MISSAUKEE COUNTY 

Certain land in Norwich Township, Missaukee County, Michigan described as: 

A parcel of land in the NW 1/4 of the NW 1/4 of Section 16, T24N, R6W, described as follows: Commencing at the
Northwest corner of said section, running thence N 89 degrees 01’ 45” E along the North line of said section 233.00 feet; thence South 233.00 feet; thence S 89 degrees 01’ 45” W, 233.00 feet to the West line of said section;
thence North along said West line of said section 233.00 feet to the place of beginning. (Bearings are based on the West line of Section 16, T24N, R6W, between the Southwest and Northwest corners of said section assumed as North.) 

MONROE COUNTY 

Certain land in Whiteford Township, Monroe County, Michigan described as: 

A parcel of land in the SW1/4 of Section 20, T8S, R6E, described as follows: To find the place of beginning of this
description commence at the S 1/4 post of said section; run thence West along the South line of said section 1269.89 feet to the place of beginning of this description; thence continuing West along said South line of said section 100 feet; thence N
00 degrees 50’ 35” E, 250 feet; thence East 100 feet; thence S 00 degrees 50’ 35” W parallel with and 16.5 feet distant W’ly of as measured perpendicular to the West 1/8 line of said section, as occupied, a distance of 250
feet to the place of beginning. 
 MONTCALM COUNTY 
 Certain land in Crystal Township, Montcalm County, Michigan described as: 
 The N 1/2 of the S 1/2 of the SE 1/4 of Section 35, T10N, R5W. 

  
 38 

 MONTMORENCY COUNTY 
 Certain land in the Village of Hillman, Montmorency County, Michigan described as: 
 Lot 14 of Hillman Industrial Park, being a subdivision in the South 1/2 of the Northwest 1/4 of Section 24, T31N, R4E, according to the plat thereof recorded in Liber 4 of Plats on Pages 32-34,
Montmorency County Records. 
 MUSKEGON COUNTY 
 Certain land in Casnovia Township, Muskegon County, Michigan described as: 
 The West 433 feet of the North 180 feet of the South 425 feet of the SW 1/4 of Section 3, T10N, R13W. 
 NEWAYGO COUNTY 
 Certain land in Ashland Township, Newaygo County, Michigan
described as: 
 The West 250 feet of the NE 1/4 of Section 23, T11N, R13W. 

OAKLAND COUNTY 

Certain land in Wixcom City, Oakland County, Michigan described as: 

The E 75 feet of the N 160 feet of the N 330 feet of the W 526.84 feet of the NW 1/4 of the NW 1/4 of Section 8, T1N,
R8E, more particularly described as follows: Commence at the NW corner of said Section 8, thence N 87 degrees 14’ 29” E along the North line of said Section 8 a distance of 451.84 feet to the place of beginning for this
description; thence continuing N 87 degrees 14’ 29” E along said North section line a distance of 75.0 feet to the East line of the West 526.84 feet of the NW 1/4 of the NW 1/4 of said Section 8; thence S 02 degrees 37’ 09”
E along said East line a distance of 160.0 feet; thence S 87 degrees 14’ 29” W a distance of 75.0 feet; thence N 02 degrees 37’ 09” W a distance of 160.0 feet to the place of beginning. 

OCEANA COUNTY 

Certain land in Crystal Township, Oceana County, Michigan described as: 

The East 290 feet of the SE 1/4 of the NW 1/4 and the East 290 feet of the NE 1/4 of the SW 1/4, all in Section 20,
T16N, R16W. 
 OGEMAW COUNTY 
 Certain land in West Branch Township, Ogemaw County, Michigan described as: 
 The South 660 feet of the East 660 feet of the NE 1/4 of the NE 1/4 of Section 33, T22N, R2E. 

  
 39 

 OSCEOLA COUNTY 
 Certain land in Hersey Township, Osceola County, Michigan described as: 
 A parcel of land in the North 1/2 of the Northeast 1/4 of Section 13, T17N, R9W, described as commencing at the Northeast corner of said Section; thence West along the North Section line 999 feet to
the point of beginning of this description; thence S 01 degrees 54’ 20” E 1327.12 feet to the North 1/8 line; thence S 89 degrees 17’ 05” W along the North 1/8 line 330.89 feet; thence N 01 degrees 54’ 20” W 1331.26
feet to the North Section line; thence East along the North Section line 331 feet to the point of beginning. 
 OSCODA COUNTY

 Certain land in Comins Township, Oscoda County, Michigan described as: 

The East 400 feet of the South 580 feet of the W 1/2 of the SW 1/4 of Section 15, T27N, R3E. 

OTSEGO COUNTY 

Certain land in Corwith Township, Otsego County, Michigan described as: 

Part of the NW 1/4 of the NE 1/4 of Section 28, T32N, R3W, described as: Beginning at the N 1/4 corner of said
section; running thence S 89 degrees 04’ 06” E along the North line of said section, 330.00 feet; thence S 00 degrees 28’ 43” E, 400.00 feet; thence N 89 degrees 04’ 06” W, 330.00 feet to the North and South 1/4 line of
said section; thence N 00 degrees 28’ 43” W along the said North and South 1/4 line of said section, 400.00 feet to the point of beginning; subject to the use of the N’ly 33.00 feet thereof for highway purposes. 

OTTAWA COUNTY 

Certain land in Robinson Township, Ottawa County, Michigan described as: 

The North 660 feet of the West 660 feet of the NE 1/4 of the NW 1/4 of Section 26, T7N, R15W. 

PRESQUE ISLE COUNTY 
 Certain land in Belknap and Pulawski Townships, Presque Isle County, Michigan described as: 
 Part of the South half of the Northeast quarter, Section 24, T34N, R5E, and part of the Northwest quarter, Section 19, T34N, R6E, more fully described as: Commencing at the East  1/4 corner of said Section 24; thence N 00 degrees15’47” E, 507.42 feet, along the East line of said Section 24 to the point of beginning; thence S 88 degrees15’36” W, 400.00
feet, parallel with the North 1/8 line of said Section 24; thence N 00 degrees15’47” E, 800.00 feet, parallel with said East line of Section 24; thence N 88 degrees15’36”E, 800.00 feet, along said North 1/8 line of
Section 24 and said line extended; thence S 00 degrees15’47” W, 800.00 feet, parallel with said East line of Section 24; thence S 88 degrees15’36” W, 400.00 feet, parallel with said North 1/8 line of Section 24 to
the point of beginning. 

  
 40 

 Together with a 33 foot easement along the West 33 feet of the Northwest
quarter lying North of the North 1/8 line of Section 24, Belknap Township, extended, in Section 19, T34N, R6E. 

ROSCOMMON COUNTY 

Certain land in Gerrish Township, Roscommon County, Michigan described as: 

A parcel of land in the NW 1/4 of Section 19, T24N, R3W, described as follows: To find the place of beginning of this
description commence at the Northwest corner of said section, run thence East along the North line of said section 1,163.2 feet to the place of beginning of this description (said point also being the place of intersection of the West 1/8 line of
said section with the North line of said section), thence S 01 degrees 01’ E along said West 1/8 line 132 feet, thence West parallel with the North line of said section 132 feet, thence N 01 degrees 01’ W parallel with said West 1/8 line
of said section 132 feet to the North line of said section, thence East along the North line of said section 132 feet to the place of beginning. 
 SAGINAW COUNTY 
 Certain land in Chapin Township, Saginaw County, Michigan
described as: 
 A parcel of land in the SW 1/4 of Section 13, T9N, R1E, described as follows: To find the
place of beginning of this description commence at the Southwest corner of said section; run thence North along the West line of said section 1581.4 feet to the place of beginning of this description; thence continuing North along said West line of
said section 230 feet to the center line of a creek; thence S 70 degrees 07’ 00” E along said center line of said creek 196.78 feet; thence South 163.13 feet; thence West 185 feet to the West line of said section and the place of
beginning. 
 SANILAC COUNTY 
 Certain easement rights located across land in Minden Township, Sanilac County, Michigan described as: 
 The Southeast 1/4 of the Southeast 1/4 of Section 1, T14N, R14E, excepting therefrom the South 83 feet of the East 83 feet thereof. 

SHIAWASSEE COUNTY 
 Certain land in Burns Township, Shiawassee County, Michigan described as: 
 The South 330 feet of the E 1/2 of the NE 1/4 of Section 36, T5N, R4E. 

  
 41 

 ST. CLAIR COUNTY 
 Certain land in Ira Township, St. Clair County, Michigan described as: 
 The N 1/2 of the NW 1/4 of the NE 1/4 of Section 6, T3N, R15E. 
 ST. JOSEPH
COUNTY 
 Certain land in Mendon Township, St. Joseph County, Michigan described as: 

The North 660 feet of the West 660 feet of the NW 1/4 of SW 1/4, Section 35, T5S, R10W. 

TUSCOLA COUNTY 

Certain land in Millington Township, Tuscola County, Michigan described as: 

A strip of land 280 feet wide across the East 96 rods of the South 20 rods of the N 1/2 of the SE 1/4 of Section 34,
T10N, R8E, more particularly described as commencing at the Northeast corner of Section 3, T9N, R8E, thence S 89 degrees 55’ 35” W along the South line of said Section 34 a distance of 329.65 feet, thence N 18 degrees 11’
50” W a distance of 1398.67 feet to the South 1/8 line of said Section 34 and the place of beginning for this description; thence continuing N 18 degrees 11’ 50” W a distance of 349.91 feet; thence N 89 degrees 57’ 01”
W a distance of 294.80 feet; thence S 18 degrees 11’ 50” E a distance of 350.04 feet to the South 1/8 line of said Section 34; thence S 89 degrees 58’ 29” E along the South 1/8 line of said section a distance of 294.76 feet
to the place of beginning. 
 VAN BUREN COUNTY 
 Certain land in Covert Township, Van Buren County, Michigan described as: 
 All that part of the West 20 acres of the N 1/2 of the NE fractional 1/4 of Section 1, T2S, R17W, except the West 17 rods of the North 80 rods, being more particularly described as follows: To find
the place of beginning of this description commence at the N 1/4 post of said section; run thence N 89 degrees 29’ 20” E along the North line of said section 280.5 feet to the place of beginning of this description; thence continuing N 89
degrees 29’ 20” E along said North line of said section 288.29 feet; thence S 00 degrees 44’ 00” E, 1531.92 feet; thence S 89 degrees 33’ 30” W, 568.79 feet to the North and South 1/4 line of said section; thence N 00
degrees 44’ 00” W along said North and South 1/4 line of said section 211.4 feet; thence N 89 degrees 29’ 20” E, 280.5 feet; thence N 00 degrees 44’ 00” W, 1320 feet to the North line of said section and the place of
beginning. 

  
 42 

 WASHTENAW COUNTY 
 Certain land in Manchester Township, Washtenaw County, Michigan described as: 
 A parcel of land in the NE 1/4 of the NW 1/4 of Section 1, T4S, R3E, described as follows: To find the place of beginning of this description commence at the Northwest corner of said section; run
thence East along the North line of said section 1355.07 feet to the West 1/8 line of said section; thence S 00 degrees 22’ 20” E along said West 1/8 line of said section 927.66 feet to the place of beginning of this description; thence
continuing S 00 degrees 22’ 20” E along said West 1/8 line of said section 660 feet to the North 1/8 line of said section; thence N 86 degrees 36’ 57” E along said North 1/8 line of said section 660.91 feet; thence N 00
degrees22’ 20” W, 660 feet; thence S 86 degrees 36’ 57” W, 660.91 feet to the place of beginning. 
 WAYNE
COUNTY 
 Certain land in Livonia City, Wayne County, Michigan described as: 

Commencing at the Southeast corner of Section 6, T1S, R9E; thence North along the East line of Section 6 a
distance of 253 feet to the point of beginning; thence continuing North along the East line of Section 6 a distance of 50 feet; thence Westerly parallel to the South line of Section 6, a distance of 215 feet; thence Southerly parallel to
the East line of Section 6 a distance of 50 feet; thence easterly parallel with the South line of Section 6 a distance of 215 feet to the point of beginning. 
 WEXFORD COUNTY 
 Certain land in Selma Township, Wexford County, Michigan
described as: 
 A parcel of land in the NW 1/4 of Section 7, T22N, R10W, described as beginning on the
North line of said section at a point 200 feet East of the West line of said section, running thence East along said North section line 450 feet, thence South parallel with said West section line 350 feet, thence West parallel with said North
section line 450 feet, thence North parallel with said West section line 350 feet to the place of beginning. 
 SECTION 14. The
Company is a transmitting utility under Section 9501(2) of the Michigan Uniform Commercial Code (M.C.L. 440.9501(2)) as defined in M.C.L. 440.9102(1)(aaaa). 
 IN WITNESS WHEREOF, said Consumers Energy Company has caused this Supplemental Indenture to be executed in its corporate name by its Chairman of the Board, President, a Vice President or its Treasurer and
its corporate seal to be hereunto affixed and to be attested by its Secretary or an Assistant Secretary, and said The Bank of New York Mellon, as Trustee as aforesaid, to evidence its acceptance hereof, has caused this Supplemental Indenture to be
executed in its corporate name by a Vice President and its corporate seal to be hereunto affixed and to be attested by an authorized signatory, in several counterparts, all as of the day and year first above written. 

  
 43 

									
		 		 	CONSUMERS ENERGY COMPANY
					
	(SEAL)	 		 		 	By:	 	 
		 		 		 		 	Name:
	Attest:	 		 		 		 	Title:
				
	 	 		 		 	
	 Name:
 Title:
	 		 		 		 	
				
	 Signed, sealed and delivered
 by CONSUMERS ENERGY COMPANY
 in the presence of
	 		 		 	
				
	 	 		 		 	
	Name:	 		 		 		 	
				
	 	 		 		 	
	Name:	 		 		 		 	

  

					
	STATE OF MICHIGAN	  	)	  	
		  	ss.	  	
	COUNTY OF JACKSON	  	)	  	

 The foregoing instrument was acknowledged before me this      day of
                     2012, by
                                ,
                                 of CONSUMERS ENERGY COMPANY, a Michigan
corporation, on behalf of the corporation. 

					
			
		 		 	___________________________________________________
		 		 	____________________________, Notary Public
	{Seal}	 		 	State of Michigan, County of Jackson
		 		 	 My Commission Expires: __/__/__
 Acting in the County of Jackson

  
 S-1

									
		 		 	THE BANK OF NEW YORK MELLON, AS TRUSTEE
					
	(SEAL)	 		 		 	By:	 	 
		 		 		 		 	L. O’Brien
	Attest:	 		 		 		 	Vice President
				
	 	 		 		 	
				
	 Signed, sealed and delivered
 by THE BANK OF NEW YORK MELLON
 in the presence of
	 		 		 	
				
	 	 		 		 	
				
	 	 		 		 	

  

					
	STATE OF NEW YORK	  	)	  	
		  	ss.	  	
	COUNTY OF NEW YORK	  	)	  	

 The foregoing instrument was acknowledged before me this      day of
                    , 2012, by L. O’Brien, a Vice President of THE BANK OF NEW YORK MELLON, as Trustee, a New York banking corporation,
on behalf of the bank. 

					
			
		 		 	  
		 		 	 Notary Public, State of New York
 No.
 Qualified in Certificate Filed in New York County

Commission Expires

		 		 	
	Prepared by:	 		 	When recorded, return to:
	Kimberly C. Wilson	 		 	Consumers Energy Company
	One Energy Plaza, EP11-210	 		 	Business Services Real Estate Dept.
	Jackson, MI 49201	 		 	Attn: ____________________
		 		 	One Energy Plaza
		 		 	Jackson, MI 49201

  
 S-2

 Exhibit 4.4(a) 

Form of Opinion of Counsel for the Company 
 1. The Company is a duly organized, validly existing corporation in good standing under the laws of the State of Michigan. 
 2. All legally required corporate proceedings in connection with the authorization, issuance and validity of the Bonds and the sale of the Bonds by the Company in accordance with the Bond Purchase
Agreement have been taken and an appropriate order has been entered by the Federal Energy Regulatory Commission under the Federal Power Act granting authority for the issuance and sale of the Bonds and such order is in full force and effect; and no
other approval, authorization, consent or order of any governmental regulatory body is required with respect to the issuance and sale of the Bonds except such as have been obtained (other than in connection with or in compliance with the provisions
of the securities or blue sky laws of any state, as to which I express no opinion). 
 3. The Bond Purchase Agreement has been duly authorized,
executed and delivered by the Company and will be a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights generally or by general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity). 

4. The Indenture has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery of the Indenture
by the Trustee, will be a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization, fraudulent
conveyance, moratorium or other similar laws affecting creditors’ rights generally or by general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity). 

5. The Bonds are in the form contemplated by the Indenture, have been duly authorized, executed and delivered by the Company and, assuming the due
authentication thereof by the Trustee and upon payment and delivery in accordance with the Bond Purchase Agreement, will constitute valid and binding obligations of the Company enforceable against the Company in accordance with their terms, except
to the extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights generally or by general principles of equity (regardless of
whether enforcement is considered in a proceeding at law or in equity); and the Bonds are entitled to the security afforded by the Indenture equally and ratably with all Securities presently outstanding thereunder, and no stamp taxes in respect of
the original issue thereof are payable. 
 6. The Company’s execution and delivery of, and performance of its obligations under, the Bond
Purchase Agreement and the Indenture and the issuance and sale of, and the performance by the Company of its obligations under, the Bonds in accordance with the terms of the Indenture and the Bond Purchase Agreement do not violate the provisions of
the Restated 

  
 Exhibit
4.4(a)-1 
 (to Bond Purchase Agreement) 

 
Articles of Incorporation or the Amended and Restated Bylaws of the Company and will not result in a violation of any of the terms or provisions of any Applicable Laws (as defined below) or, to
my knowledge, any court order to which the Company is subject or a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other Material agreement or instrument to which
the Company is a party. For purposes hereof, the term “Applicable Laws” means those state laws of the State of Michigan and those federal laws of the United States of America that, in my experience and without independent investigation,
are normally applicable to transactions of the type contemplated by the Bond Purchase Agreement; provided, that the term “Applicable Laws” shall not include federal or state securities or blue sky laws (including, without limitation, the
Securities Act, the Securities Exchange Act of 1934, as amended, the Trust Indenture Act or the Investment Company Act of 1940, as amended), antifraud laws or in each case any rules or regulations thereunder or similar matters. 

7. The Company is not an “investment company” or a company “controlled” by an “investment company” within the meaning of
the Investment Company Act of 1940, as amended. 
 8. The Company has good and marketable title to all its important properties described in the
Memorandum and to substantially all other real estate and property specifically described in the Indenture as subject to the Lien thereof except (a) that released or retired in accordance with the provisions of the Indenture, (b) leased
offices, garages and service buildings, (c) certain electric substations and gas regulator stations and other facilities erected on sites under leases, easements, permits or contractual arrangements, (d) certain pollution control
facilities, which are subject to security interests granted to various municipalities and economic development corporations under installment sales contracts, (e) as to electric and gas transmission and distribution lines, many of such
properties are constructed on rights-of-way by virtue of franchises or pursuant to easements only, and (f) as to certain gas storage fields, the Company’s interest in certain of the gas rights and rights of storage and other rights
incidental thereto are in the nature of an easement or leasehold interest only; the Indenture constitutes, as security for the Bonds, a valid direct first mortgage Lien on the real estate, property and franchises, subject only to excepted
encumbrances as defined therein and except as otherwise expressly stated therein; the Indenture is effective to create the Lien intended to be created thereby; and real estate, property or franchises in the State of Michigan, hereafter acquired by
the Company, will become subject to the Lien of the Indenture, at the time of acquisition, subject to Liens existing thereon at the time of acquisition, subject to excepted encumbrances, subject to any necessary filing and recording before the
intervention of any Lien not expressly excepted thereby and subject to the qualification above with respect to the enforceability of the Indenture. 
 9. All of the issued and outstanding shares of capital stock of the Company have been duly and validly authorized and issued and are fully paid and non-assessable. 

10. To my knowledge, there is no litigation pending or threatened that would reasonably be expected to have a Material Adverse Effect (except as
disclosed in the Disclosure Documents), question the validity of the Bond Purchase Agreement, the Indenture or the Bonds or impair the ability of the Company to issue and deliver the Bonds or to comply with the provisions of the Bond Purchase
Agreement or the Indenture. 

  
 Exhibit
4.4(a)-2 
 (to Bond Purchase Agreement) 

 11. The issuance of the Bonds and the application of the proceeds thereof will not result in a violation of
Regulation T, U or X of the Board of Governors of the Federal Reserve System. 
 12. Based upon the representations, warranties and agreements
of the Purchasers in Section 6 of the Bond Purchase Agreements, it is not necessary in connection with the offer, sale and delivery of the Bonds to the Purchasers under the Bond Purchase Agreements to register the offering and/or sale of the
Bonds under the Securities Act, or to qualify an indenture under the Trust Indenture Act, it being understood that no opinion is expressed as to any subsequent resale of any Bond. 

  
 Exhibit
4.4(a)-3 
 (to Bond Purchase Agreement) 

 Exhibit 4.4(b) 

Form of Opinion of Special Counsel for the Purchasers 
 1. The Bond Purchase Agreement constitutes a valid and legally binding agreement of the Company, enforceable against the Company in accordance with its terms. 

2. It is not necessary in connection with the offer, sale and delivery of the Bonds to the Purchasers under the Bond Purchase Agreements to register the
offering or sale of the Bonds under the Securities Act or to qualify an indenture under the Trust Indenture Act. 

  
 Exhibit
4.4(b)-1 
 (to Bond Purchase Agreement)Restructuring Support Agreement dated July [13], 2012

 Exhibit 10.28 
 RESTRUCTURING SUPPORT AGREEMENT 
 Reference is made to (i) that
certain Credit Agreement, dated as of August 23, 2006, by and among Broadview Networks Holdings, Inc., Broadview Networks, Inc., Broadview Networks of Massachusetts, Inc., Broadview Networks of Virginia, Inc., and Bridgecom International, Inc.,
as borrowers, the lenders party thereto (collectively, the “Revolving Lenders”), and The CIT Group/Business Credit, Inc., as administrative agent, collateral agent and documentation agent, amended as of July 27,
2007, November 12, 2010, December 8, 2011 and May 31, 2012 (as further amended, supplemented or otherwise modified, together with ancillary documents, the “Revolving Credit Agreement”); and (ii) those
certain 11 3/8% Senior Secured Notes due 2012 (the “Notes”), issued pursuant to that certain Indenture, dated as of August 23, 2006, among Broadview Networks Holdings, Inc., as issuer, the guarantors named therein, and The Bank
of New York as trustee and collateral agent, supplemented as of September 29, 2006, May 14, 2007 and May 31, 2007 (as further amended, supplemented or otherwise modified, together with ancillary documents, the
“Indenture”). 
 This RESTRUCTURING SUPPORT AGREEMENT is made and entered into as of July 13, 2012 (as
amended, supplemented or otherwise modified, this “Support Agreement”) by each of Broadview Networks Holdings, Inc. (“BNHI”) and each of its direct and indirect subsidiaries (collectively, the
“Company”), the undersigned holders of preferred and common stock in BNHI (collectively, the “Consenting Equity Holders”) and the holders of the Notes that are from time to time party hereto (collectively, the
“Consenting Noteholders” and, together with the Consenting Equity Holders, the “Plan Support Parties”) with respect to a restructuring of the Company’s outstanding obligations under the Revolving Credit
Agreement, the Notes and the Indenture (the “Restructuring”) contemplated by the restructuring term sheet attached hereto as Exhibit A (the “Term Sheet”). Each party to this Support Agreement may be referred
to as a “Party” and, collectively, as the “Parties.” 
 Section 1. Restructuring, Term Sheet and
Definitive Documentation. 
 1.1 Support of the Restructuring, Term Sheet and Definitive Documentation. 

 

	 	(a)	 Until the Termination Date (as defined below), the Company and the Plan Support Parties, severally and not jointly, agree (i) to support and
consummate the Restructuring contemplated by the Term Sheet, including (A) the Company’s granting of a first priority priming lien on its existing and after-acquired assets pursuant to the terms of the DIP Facility (as defined herein), and
(B) subject to Section 2.1(r) of this Support Agreement, cooperating in a commercially reasonable manner obtaining requisite regulatory approvals, including the timely provision of necessary information for any required regulatory
submissions or other governmental filings, (ii) that the Company shall solicit holders of Notes (each, a “Noteholder” and, collectively, the “Noteholders”) for acceptances of the Restructuring, (iii) that
the Company shall solicit holders of BNHI’s Series A, A-1, B, B-1 and C Preferred Stock (the 

	 	
“Preferred Stock” and, together with all other equity interests in BNHI, the “Equity”) for acceptances of the Restructuring, and (iv) the Company shall
consummate the Restructuring either through the Chapter 11 Cases (as defined herein) or out of court in accordance with applicable law. 

  

	 	(b)	 Until the Termination Date, the Company, jointly and severally, agrees: (i) to take any and all necessary and appropriate actions in furtherance
of the Restructuring contemplated under this Support Agreement and the Term Sheet, (ii) to commence a solicitation for acceptances of a prepackaged chapter 11 plan of reorganization for the Company, which, in the Company’s sole discretion,
may be combined with an exchange offer for the Notes (provided that any such exchange offer shall result in 100% of the Notes being exchanged for the consideration described in the Term Sheet), in accordance with the terms of this Support Agreement
and the Term Sheet (the “Solicitation”), (iii) if necessary to consummate the Restructuring, to commence reorganization cases (the “Chapter 11 Cases”) by filing voluntary petitions under chapter 11 of title 11
of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), (iv) if the Chapter 11 Cases are filed, to file and seek
approval on an interim and final (to the extent applicable) basis of “first day” motions (including, if necessary, a motion seeking approval of a post-petition credit facility (the “DIP Facility”) (the material terms of
any such DIP Facility (excluding the identity of the lender(s)) to be in form and substance reasonably satisfactory to the Required Consenting Noteholders (as defined below)) and consensual use of cash pledged as collateral to the Revolving Lenders
and the Noteholders and providing adequate protection to the Revolving Lenders and the Noteholders in connection therewith consisting, inter alia of monthly cash interest on the Notes at a rate of 10.5% per annum), each of which shall be
in form and substance reasonably acceptable to Fidelity Management & Research Company, BlackRock Financial Management, Inc., MSD Credit Opportunity Master Fund, L.P. and Watershed Asset Management, L.L.C. (each as a holder, fund manager or
account manager, as the case may be, collectively, the “Required Consenting Noteholders”), (v) if the Chapter 11 Cases are filed, to file a prepackaged chapter 11 plan of reorganization substantially in the form attached hereto
as Exhibit B (the “Plan”), and a related offering memorandum and disclosure statement (the “Disclosure Statement”), the Plan and Disclosure Statement each in form and substance reasonably satisfactory to the
Required Consenting Noteholders, with the Bankruptcy Court and seek approval of the Disclosure Statement and confirmation of the Plan, (vi) to take any and all necessary and appropriate actions in furtherance of all of the restructuring
transactions contemplated under this Support Agreement, the Plan (if applicable) and the Term Sheet, (vii) pay all reasonable, actual and documented fees and expenses of Dechert LLP and FTI Consulting incurred pursuant to their representation
of the Required Consenting Noteholders in connection with the Restructuring, in 

  
 2 

	 	
accordance with the terms of the fee arrangements agreed between the Company and such advisors which were incurred prior to the Termination Date, regardless of whether such fees were billed prior
to or after the Termination Date; notwithstanding the foregoing, the termination of this Support Agreement shall not affect the Company’s obligations to pay the fees and expenses of Dechert LLP and FTI Consulting in accordance with any
applicable order of the Bankruptcy Court, (viii) that any agreement that the Company enters into with any of the Revolving Lenders (including, without limitation, any amendment, modification, supplement or amendment and restatement to the
Revolving Credit Agreement, any restructuring support agreement or any settlement agreement) shall be, in form and substance, reasonably satisfactory to the Required Consenting Noteholders, and (ix) that any DIP Facility shall be reasonably
satisfactory to the Required Consenting Noteholders and consistent with the terms of this Support Agreement. 

  

	 	(c)	Until the Termination Date, each Consenting Noteholder, severally and not jointly, in its capacity as a holder of Notes, or in any other capacity, hereby agrees to
(i) when solicited, and subject to the acknowledgements set forth in Section 7 hereof, exchange all Notes now or hereafter beneficially owned by such Consenting Noteholder or for which such Consenting Noteholder now or hereafter serves as
the nominee, investment manager or advisor for beneficial holders, if applicable, and for which such Consenting Noteholder has sole voting power, and concurrently vote all such Notes in favor of the Plan and not change or withdraw (or cause to be
changed or withdrawn) such agreement to exchange or such vote (provided, that if any such exchange offer fails to result in the exchange of 100% of the Notes for the consideration set forth in the Term Sheet, then, in its sole
discretion, each Consenting Noteholder may withdraw its acceptance of the exchange offer), (ii) if the Chapter 11 Cases are filed, at the sole cost of the Company, use its reasonable efforts to support confirmation of the Plan and approval of
the Disclosure Statement, and not object to, or support any other person’s efforts to oppose or object to, confirmation of the Plan, (iii) at the sole cost of the Company, use its reasonable efforts to support (and not object to) the
“first day” motions and other motions consistent with this Support Agreement filed by the Company in furtherance of the Restructuring, including one motion to preserve or extend exclusivity, if applicable, (iv) refrain from taking any
action that is materially inconsistent with, or that would materially delay or impede approval, confirmation or consummation of the Restructuring, the Plan (if applicable), or that is otherwise inconsistent with the terms of this Support Agreement
and the Term Sheet, and (v) not, directly or indirectly, propose, support, solicit, encourage, or participate in the formulation of any restructuring for the Company, including any plan of reorganization or liquidation in the Chapter 11 Cases
other than the Restructuring contemplated by this Support Agreement and the Term Sheet. 

  
 3 

	 	(d)	Until the Termination Date, each Consenting Equity Holder, severally and not jointly, in its capacity as a holder of Equity, or in any other capacity, hereby agrees to
(i) when solicited, and subject to the acknowledgements set forth in Section 7 hereof, vote all Preferred Stock held by such Consenting Equity Holder in favor of the Plan and not change or withdraw (or cause to be changed or withdrawn)
such vote, (ii) if the Chapter 11 Cases are filed, use its reasonable efforts to support confirmation of the Plan and approval of the Disclosure Statement, and not object to, or support any other person’s efforts to oppose or object to,
confirmation of the Plan, (iii) use its reasonable efforts to support (and not object to) the “first day” motions and other motions consistent with this Support Agreement filed by the Company in furtherance of the Restructuring,
including motions to preserve or extend exclusivity, if applicable, (iv) refrain from taking any action that is inconsistent with, or that would materially delay or impede approval, confirmation or consummation of the Restructuring, the Plan
(if applicable), or that is otherwise inconsistent with the terms of this Support Agreement and the Term Sheet, and (v) not, directly or indirectly, propose, support, solicit, encourage, or participate in the formulation of any restructuring
for the Company, including any plan of reorganization or liquidation in the Chapter 11 Cases, other than the Restructuring contemplated by this Support Agreement and the Term Sheet. 

 

	 	(e)	Without limiting any other provision hereof, until the Termination Date, the Company, each Consenting Equity Holder, and the Consenting Noteholders hereby agree to
negotiate in good faith each of the definitive agreements, documents, motions and other pleadings referenced in, or reasonably necessary or desirable to effectuate the transactions contemplated by, the Term Sheet. Such definitive agreements and
documents may include, without limitation, the Plan, the Disclosure Statement, a DIP Facility, if necessary, an exit revolving credit agreement, a new indenture, an intercreditor agreement, guaranties, collateral agreements, shareholders agreement
and all motions, including but not limited to the “first-days,” the Plan and the Disclosure Statement motions, all of which shall be in form and substance reasonably satisfactory to the Required Consenting Noteholders and shall be
consistent in all respects with and incorporate, as applicable, the terms of the Term Sheet (collectively, the “Definitive Documentation”). The Company or the Required Consenting Noteholders, as applicable, agrees to timely deliver
drafts of all such Definitive Documentation such that the other Parties shall, where exigencies permit, have sufficient time to review and provide comments on the same. 

 

	 	(f)	Each of the Parties agrees, severally and not jointly, that, unless this Support Agreement is terminated in accordance with the terms hereof, and except with respect to
the exercise of its rights hereunder, it will not take any action that would interfere with, delay, or postpone the effectuation of the Restructuring contemplated by this Support Agreement and the Term Sheet and, if necessary, confirmation and
consummation of the Plan and implementation of the restructuring transactions contemplated thereunder. 

  
 4 

 Section 2. Termination Events. 
 2.1 Noteholder Termination Events. 
 The occurrence of any of the
following shall be a “Noteholder Termination Event”: 
  

	 	(a)	11:59 p.m. (EST) on July 16, 2012, unless the Solicitation has commenced; 

 

	 	(b)	11:59 p.m. (EST) on the date that is thirty-five (35) days from the date that Solicitation commences, unless either the Restructuring has been consummated, or the
Chapter 11 Cases have commenced in the Bankruptcy Court; 

  

	 	(c)	if the Chapter 11 Cases are filed, three Business Days after the date of the commencement of the Chapter 11 Cases (the “Petition Date”), unless the
Bankruptcy Court enters an interim order in form and substance reasonably satisfactory to the Company, the Revolving Lenders and the Required Consenting Noteholders, authorizing the Company to enter into the DIP Facility and use cash collateral,
granting adequate protection to the Revolving Lenders and the Noteholders (which shall include the reimbursement of all reasonable, actual and documented fees and expenses of Dechert LLP and FTI Consulting and adequate protection to the Noteholders
consisting, inter alia, of monthly cash interest on the Notes at a rate of 10.5% per annum), and scheduling a final hearing with respect to such matters; 

 

	 	(d)	if the Chapter 11 Cases are filed, forty calendar days after the Petition Date, unless the Bankruptcy Court enters a final order, in form and substance reasonably
satisfactory to the Company and the Required Consenting Noteholders, authorizing the Company to enter into the DIP Facility, use cash collateral, and granting adequate protection to the Revolving Lenders and the Noteholders (which shall include the
reimbursement of all reasonable, actual and documented fees and expenses of Dechert LLP and FTI Consulting and adequate protection to the Noteholders consisting, inter alia, of monthly cash interest on the Notes at a rate of 10.5% per
annum); 

  

	 	(e)	if the Chapter 11 Cases are filed, five calendar days after the Petition Date, unless the Company has filed the Plan and the Disclosure Statement with the Bankruptcy
Court; 

  
 5 

	 	(f)	if the Chapter 11 Cases are filed, sixty-five calendar days after the Petition Date, unless the Bankruptcy Court has entered an order approving the Plan and Disclosure
Statement (the “Confirmation Order”); 

  

	 	(g)	if the Chapter 11 Cases are filed, thirty calendar days after the date upon which the Confirmation Order is entered, unless the Company has substantially consummated
the Plan pursuant to its terms prior thereto (the “Effective Date Deadline”), provided, however, that the Effective Date Deadline shall be automatically extended by an additional sixty calendar days if the Company has
not yet obtained the requisite clearances or approvals under any applicable laws or regulations for the consummation of the Plan, and the requests for such clearances or approvals are still pending; 

 

	 	(h)	any court of competent jurisdiction or other competent governmental or regulatory authority issues a final, non-appealable order making illegal or otherwise preventing
or prohibiting the consummation of the transactions contemplated in the Term Sheet or any of the Definitive Documentation in a way that cannot be reasonably remedied by the Company subject to the reasonable satisfaction of the Required Consenting
Noteholders; 

  

	 	(i)	the occurrence of any material breach of this Support Agreement, the Indenture, the Revolving Credit Agreement, the Notes and any and all documents relating thereto by
the Company (to the extent not otherwise cured or waived in accordance with the terms hereof); 

  

	 	(j)	if the Chapter 11 Cases are filed, any of the Chapter 11 Cases shall be dismissed or converted to a chapter 7 case, or a chapter 11 trustee with plenary powers, or an
examiner with enlarged powers relating to the operation of the businesses of the Company (powers beyond those set forth in section 1106(a)(3) and (4) of the Bankruptcy Code) shall be appointed in any of the Chapter 11 Cases or the Company shall
file a motion or other request for such relief; 

  

	 	(k)	the Company takes any action that is materially inconsistent with the Company’s obligations pursuant to Section 1.1 hereof or materially adverse to the
Consenting Noteholders, including, but not limited to, withdrawing the Plan (if applicable), publicly announcing its intention not to support the Plan or filing any plan of reorganization and/or disclosure statement that is not consistent with the
Term Sheet; 

  

	 	(l)	 a filing by the Company of any motion, application or adversary proceeding challenging the validity, enforceability, perfection or priority of or
seeking avoidance of the liens securing the obligations referred to in the Indenture or the documents related thereto (collectively, the “Secured Obligations”) or, other than as contemplated by the Restructuring, any other cause of
action against and/or seeking to restrict the rights of the 

  
 6 

	 	
Noteholders with respect to the Secured Obligations, or the prepetition liens securing such Secured Obligations (or if the Company supports any such motion, application or adversary proceeding
commenced by any third party or consents to the standing of any such third party); 

  

	 	(m)	if the Chapter 11 Cases are filed, the amendment or modification of the Plan, the Disclosure Statement or any documents related to the Plan, notices, exhibits or
appendices, without the reasonable consent of the Required Consenting Noteholders, which amendment or modification is (i) materially inconsistent with this Support Agreement, (ii) inconsistent with the Term Sheet, or
(iii) materially adverse to the Consenting Noteholders; 

  

	 	(n)	if the Chapter 11 Cases are filed, the occurrence of either (i) an acceleration of the obligations or termination of commitments under the DIP Facility,
(ii) the termination or revocation of any interim or final debtor-in-possession financing and/or cash collateral order entered in the Chapter 11 Cases, or (iii) a modification or amendment of any interim or final debtor-in-possession
financing and/or cash collateral order entered in the Chapter 11 Cases that is not reasonably satisfactory to the Required Consenting Noteholders; 

  

	 	(o)	the board of directors of BNHI (the “Board of Directors”) terminates this Support Agreement pursuant to Section 3 hereof (a “Board
Termination”); 

  

	 	(p)	the failure by the Company to have substantially consummated the Restructuring pursuant to the terms of this Support Agreement and the Term Sheet prior to
December 31, 2012; provided, however, that such date shall be automatically extended by an additional sixty calendar days if the Company has not yet obtained the requisite clearances or approvals under any applicable laws or
regulations for the consummation of the Plan, and the requests for such clearances or approvals are still pending; 

  

	 	(q)	the Company does not: (i) enter into a restructuring support agreement or similar agreement, or a maturity extension with respect to the Revolving Credit
Agreement, with the Revolving Lenders by August 1, 2012; or (ii) satisfy the obligations owing under the Revolving Credit Agreement in full and, in connection therewith, receive a pay-off letter in form and substance reasonably
satisfactory to the Required Consenting Noteholders by August 1, 2012; and 

  

	 	(r)	 if the transactions contemplated by the Restructuring: (i) result in regulatory requirements or filings (disclosure or otherwise), other than
(x) initial Federal Communications Commission or state public utility commission filings that contain information of a type set forth on Schedule A, (y) a statement filed in compliance with Rule 2019 of the Federal Rule of
Bankruptcy Procedure, or (z) a routine tax filing; or 

  
 7 

	 	
(ii) cause other legal requirements, restrictions or obligations (other than that expressly undertaken by the execution of this Support Agreement) with respect to a Consenting Noteholder
that are not acceptable or otherwise not satisfactory to such Consenting Noteholder, in its sole and absolute discretion; provided that such Consenting Noteholder and the other Parties have used commercially reasonable efforts to avoid or
modify any such applicable requirements, filings, restrictions, obligations by proposing to the Parties modified series, classes or terms of the securities the Consenting Noteholder is to be offered in connection with the Restructuring prior to
asserting a Noteholder Termination Event under this Section 2.1; provided, further that the undertaking in this Section 2.1(r) to use commercially reasonable efforts shall not be construed as an obligation to disclose
financial or other information other than that which is expressly agreed to in this Section 2.1(r). 

  

	2.2	Equity Holder Termination Events. 

 The occurrence of any of the following shall be an “Equity Holder Termination Event”: 
  

	 	(a)	if the Chapter 11 Cases are filed, any of the Chapter 11 Cases shall be dismissed or converted to a chapter 7 case, or a chapter 11 trustee with plenary powers, or an
examiner with enlarged powers relating to the operation of the businesses of the Company (powers beyond those set forth in section 1106(a)(3) and (4) of the Bankruptcy Code) shall be appointed in any of the Chapter 11 Cases or the Company shall
file a motion or other request for such relief; 

  

	 	(b)	the Company takes any action that is materially inconsistent with the Company’s obligations pursuant to Section 1.1 hereof and materially adverse to the
Consenting Equity Holders, including, but not limited to, modifying this Support Agreement in a manner materially adverse to the Consenting Equity Holders, withdrawing the Plan (if applicable), publicly announcing its intention not to support the
Plan or filing any plan of reorganization and/or disclosure statement that is not consistent with the Term Sheet; 

  

	 	(c)	if the Chapter 11 Cases are filed, the amendment or modification of the Plan, the Disclosure Statement or any documents related to the Plan, notices, exhibits or
appendices, which amendment or modification is materially (i) inconsistent with this Support Agreement and the Term Sheet, and (ii) adverse to the Consenting Equity Holders; 

 

	 	(d)	any court of competent jurisdiction or other competent governmental or regulatory authority issues a final, non-appealable order making illegal or otherwise preventing
or prohibiting the consummation of the Restructuring contemplated in the Term Sheet or any of the Definitive Documentation in a way that cannot be reasonably remedied by the Company subject to the reasonable satisfaction of the Required Consenting
Noteholders; or 

  
 8 

	 	(e)	the failure by the Company to have substantially consummated the Restructuring pursuant to the terms of this Support Agreement and the Term Sheet prior to
December 31, 2012; provided, however, that such date shall be automatically extended by an additional sixty calendar days if the Company has not yet obtained the requisite clearances or approvals under any applicable laws or
regulations for the consummation of the Plan, and the requests for such clearances or approvals are still pending. 

  

	2.3	Company Termination Events. 

 The occurrence of any of the following shall be a “Company Termination Event” and together with any Equity Holder Termination Event and any Noteholder Termination Event, a
“Termination Event”: 
  

	 	(a)	any Board Termination; 

  

	 	(b)	the Consenting Noteholders at any time hold less than 66% of the principal amount of the Notes; 

 

	 	(c)	one or more Consenting Noteholders materially breaches its obligations under this Support Agreement, such that the non-breaching Consenting Noteholders at any time hold
less than 66% of the principal amount of the Notes; 

  

	 	(d)	any court of competent jurisdiction or other competent governmental or regulatory authority issues a final, non-appealable order making illegal or otherwise preventing
or prohibiting the consummation of the Restructuring contemplated in the Term Sheet or any of the Definitive Documentation in a way that cannot be reasonably remedied by the Company subject to the reasonable satisfaction of the Required Consenting
Noteholders; 

  

	 	(e)	August 15, 2012, unless the Company has received acceptances by holders representing at least 66 2/3% of the principal amount of the Notes pursuant to the
Solicitation; or 

  

	 	(f)	the failure by the Company to have substantially consummated the Restructuring pursuant to the terms of this Support Agreement and the Term Sheet prior to
December 31, 2012; provided, however, that such date shall be automatically extended by an additional sixty calendar days if the Company has not yet obtained the requisite clearances or approvals under any applicable laws or
regulations for the consummation of the Plan, and the requests for such clearances or approvals are still pending. 

  
 9 

	2.4	Consensual Termination. 

 In addition to the Termination Events set forth in Section 2 hereof, this Support Agreement shall terminate effective upon a written agreement of the Company and the Required Consenting Noteholders
to terminate this Support Agreement. 
  

	2.5	Termination Event Procedures. 

  

	 	(a)	Company Termination Event Procedures. Upon the occurrence of any Company Termination Event, the termination of this Support Agreement shall be effective upon
delivery of written notice to counsel to the Required Consenting Noteholders by the Company (the date of the effectiveness of such termination, the “Company Termination Date”). 

 

	 	(b)	Noteholder Termination Event Procedures. Upon the occurrence of (i) a Noteholder Termination Event under subsections 2.1 (h), (j), (l), (n) or
(o) of this Support Agreement, this Support Agreement shall terminate automatically without further action, (ii) the Company withdrawing the Plan (if applicable), publicly announcing its intention not to support the Plan or filing any plan
of reorganization and/or disclosure statement that is materially inconsistent with the Term Sheet, this Support Agreement shall terminate automatically without further action, and (iii) a Noteholder Termination Event under subsections
2.1 (a), (b), (c), (d), (e), (f), (g), (i), (k), (m), (p), (q) or (r) of this Support Agreement, this Support Agreement shall terminate three (3) Business Days after counsel to the Required Consenting Noteholders shall have given
written notice to the Company of the intent to terminate this Support Agreement and the breach or other matter giving rise to the right to so terminate this Support Agreement shall not have been cured during the three (3) Business Day period
after receipt of such notice (the date of termination under clause (i), (ii) or (iii) hereof, the “Noteholder Termination Date”). The automatic stay arising pursuant to section 362 of the Bankruptcy Code shall be deemed
waived or modified for purposes of providing notice hereunder. Except as otherwise provided herein, upon termination of this Support Agreement, the Consenting Noteholders shall be released from their respective commitments, undertakings and
agreements under or related to this Support Agreement and shall have the rights and remedies that they would have had and shall be entitled to take all actions that they would have been entitled to take had they not entered into this Support
Agreement. Without limiting the foregoing, in the event of a termination of this Support Agreement for any reason, each Consenting Noteholder shall have the right to withdraw any vote in support of the Plan and revoke any acceptance of an offer to
exchange its Notes in its sole and absolute discretion and the Company agrees that it shall not oppose such withdrawal or revocation. 

  
 10 

	 	(c)	Equity Holder Termination Event Procedures. Upon the occurrence of an Equity Holder Termination Event under (i) subsections 2.2 (a), or (d) of
this Support Agreement, this Support Agreement shall terminate automatically without further action, (ii) subsections 2.2 (b), (c) or (e) of this Support Agreement, this Support Agreement shall terminate, as to the Consenting
Equity Holders only, five Business Days after counsel to the Consenting Equity Holders shall have given written notice to the Company of the intent to terminate this Support Agreement as to the Consenting Equity Holders and the breach or other
matter giving rise to the right to so terminate this Support Agreement shall not have been cured during the five Business Day period after receipt of such notice (the date of termination under clause (i) hereof, together with the Company
Terminate Date and the Noteholder Termination Date, the “Termination Date”). The automatic stay arising pursuant to section 362 of the Bankruptcy Code shall be deemed waived or modified for purposes of providing notice hereunder.

  

	2.6	Limitation on Termination. 

 Except with respect to a Board Termination, no occurrence shall constitute a Termination Event if such occurrence is the result of the action or omission of the Party seeking to terminate this Support
Agreement. 
 Section 3. The Company’s Fiduciary Obligations. 

Notwithstanding anything to the contrary herein, (a) nothing herein requires the Company or the Board of Directors to breach any
fiduciary obligations it has under applicable law; and (b) to the extent that such fiduciary obligations require the Company or the Board of Directors to terminate its obligations under this Support Agreement and the Term Sheet, it may do so
without incurring any liability to any Plan Support Party under this Support Agreement or the Term Sheet. In the event that the Company or the Board of Directors determines that its fiduciary duties require it to terminate this Support Agreement,
the Company shall provide five (5) Business Days written notice to counsel to the Required Consenting Noteholders. 
 Section 4.
Condition Precedent to Support Agreement. 
 The obligations of the Parties and the effectiveness hereof are subject
to the execution and delivery of signature pages for this Support Agreement by each of the Company, Consenting Equity Holders holding no less that 66% of the aggregate shares of Preferred Stock, and Consenting Noteholders holding no less than 66% of
the principal amount of the Notes (the date upon which such condition is satisfied, the “Effective Date”). 

  
 11 

 Section 5. Representations, Warranties and Covenants. 

 

	5.1	Power and Authority. 

 Each Plan Support Party, severally and not jointly, represents, warrants and covenants to the Company, and the Company, jointly and severally, represents, warrants and covenants to each Plan Support
Party, that, as of the date of this Support Agreement, (i) such Party has and shall maintain all requisite corporate, partnership, or limited liability company power and authority to enter into this Support Agreement and to carry out the
transactions contemplated by, and perform its respective obligations under this Support Agreement and (ii) the execution and delivery of this Support Agreement and the performance of its obligations hereunder have been duly authorized by all
necessary action on its part. 
  

	5.2	Enforceability. 

Each Plan Support Party, severally and not jointly, represents, warrants and covenants to the Company, and the Company, jointly and
severally, represents, warrants and covenants to each Plan Support Party, that this Support Agreement is the legally valid and binding obligation of it, enforceable in accordance with its terms, except as enforcement may be limited by bankruptcy,
insolvency, reorganization or other similar laws limiting creditors’ rights generally or by equitable principles relating to enforceability or ruling of the Bankruptcy Court. 

 

	5.3	Governmental Consents. 

 Each Plan Support Party, severally and not jointly, represents, warrants and covenants to the Company, and the Company, jointly and severally, represents, warrants and covenants to each Plan Support Party
that, as of the date of this Support Agreement, the execution, delivery, and performance by it of this Support Agreement does not and shall not require any registration or filing with, consent or approval of, or notice to, or other action to, with,
or by, any Federal, state, or other governmental authority or regulatory body, except (i) any of the foregoing as may be necessary and/or required for disclosure by the Securities and Exchange Commission and applicable state securities or
“blue sky” laws, (ii) any of the foregoing as may be necessary and/or required in connection with the Chapter 11 Cases, including the approval of the Disclosure Statement and confirmation of the Plan, (iii) filings of amended
certificates of incorporation or articles of formation or other organizational documents with applicable state authorities, and other registrations, filings, consents, approvals, notices, or other actions that are reasonably necessary to maintain
permits, licenses, qualifications, and governmental approvals to carry on the business of the Company, (iv) any of the foregoing as may be necessary and/or required pursuant to the rules, regulations and governing statutes for the Federal
Communications Commission and any applicable state public utility commissions or similar federal, state, local or foreign regulatory entities, and (v) any other registrations, filings, consents, approvals, notices, or other actions, the failure
of which to make, obtain or take, as applicable, would not be reasonably likely, individually or in the aggregate, to materially delay or materially impair the ability of any Party hereto to consummate the transactions contemplated hereby.

  
 12 

	5.4	Ownership. 

  

	 	(a)	Each Consenting Noteholder, severally and not jointly, represents, warrants and covenants to the Company that, without limiting the ability to sell, transfer or assign
the Notes, subject to Section 8 below, (i) such Party is the legal owner of the Notes in the principal amounts indicated on such Consenting Noteholder’s signature page hereto, and has and shall maintain the power and authority to bind
the legal and beneficial owner(s) of such Notes to the terms of this Support Agreement, (ii) such Consenting Noteholder (a) has and shall maintain full power and authority to vote on and consent to or (b) has received direction from
the party having full power and authority to vote on and consent to such matters concerning its pro rata share of the Notes and to exchange, assign and transfer such Notes, and (iii) other than pursuant to this Support Agreement, such Notes are
and shall continue to be free and clear of any pledge, lien, security interest, charge, claim, equity, option, proxy, voting restriction, right of first refusal or other limitation on disposition, or encumbrances of any kind, that would materially
and adversely affect in any way such Consenting Noteholder’s performance of its obligations contained in this Support Agreement. 

  

	 	(b)	Each Consenting Equity Holder, severally and not jointly, represents, warrants and covenants to the Company that (i) such Party is the legal owner of the Equity in
the amount indicated on such Consenting Equity Holder’s signature page hereto, and has and shall maintain the power and authority to bind the legal and beneficial owner(s) of such Equity to the terms of this Support Agreement, (ii) such
Consenting Equity Holder (a) has and shall maintain full power and authority to vote on and consent to or (b) has received direction from the party having full power and authority to vote on and consent to such matters concerning its
Equity, and (iii) other than pursuant to this Support Agreement and the terms of Third Amended and Restated Shareholders’ Agreement, dated May 31, 2007, as amended, modified or supplemented from time to time, such Equity is and shall
continue to be free and clear of any pledge, lien, security interest, charge, claim, equity, option, proxy, voting restriction, right of first refusal or other limitation on disposition, or encumbrances of any kind, that would adversely affect in
any way such Consenting Equity Holder’s performance of its obligations contained in this Support Agreement. 

  
 13 

	5.5	Other Support Agreements. 

 Until the Termination Date, the Company shall not enter into any other restructuring support agreement related to a partial or total restructuring of the Company’s obligations unless such support
agreement is not inconsistent with the Term Sheet. 
 Section 6. Remedies. 

It is understood and agreed by each of the Parties that any breach of this Support Agreement would give rise to irreparable harm for which
money damages would not be an adequate remedy and accordingly the Parties agree that, in addition to any other remedies, each non-breaching Party shall be entitled to specific performance and injunctive or other equitable relief for any such breach.
The Company and the Plan Support Parties agree that for so long as the Company and the Plan Support Parties have not taken any action to prejudice the enforceability of this Support Agreement (including without limitation, alleging in any pleading
that this Support Agreement is unenforceable), and have taken such actions as are reasonably required or desirable for the enforcement hereof, then the Company and the Plan Support Parties shall have no liability for damages hereunder in the event a
court determines that this Support Agreement is not enforceable. 
 Section 7. Acknowledgement. 

This Support Agreement and the Term Sheet and transactions contemplated herein and therein are the product of negotiations among the
Parties, together with their respective representatives. Notwithstanding anything herein to the contrary, this Support Agreement is not, and shall not be deemed to be, a solicitation of votes for the acceptance of the Plan or any plan of
reorganization for the purposes of sections 1125 and 1126 of the Bankruptcy Code or otherwise. Notwithstanding anything herein to the contrary, the Company will not solicit acceptances of the Plan from any Plan Support Party until such Plan Support
Party has been provided with a Disclosure Statement which complies with applicable nonbankruptcy law pursuant to the Solicitation. 
 Section
8. Miscellaneous Terms. 
  

	8.1	Assignment; Transfer Restrictions. 

  

	 	(a)	Each Plan Support Party hereby agrees, severally and not jointly, for so long as this Support Agreement shall remain in effect, not to sell, assign, transfer,
hypothecate or otherwise dispose of any Equity or Notes unless, as a condition precedent to any such transaction, the transferee thereof executes and delivers a Joinder (as defined in Section 8.1(c) hereof) to the Company at least two
(2) Business Days prior to the relevant transfer. Thereafter, such transferee shall be deemed to be a Consenting Noteholder or Consenting Equity Holder, as applicable, for purposes of this Support Agreement. 

 

	 	(b)	Any sale, assignment, transfer, hypothecation or other disposition of any Note or share of Equity that either (i) does not comply with the procedures set forth in
subsection 8.1(a) hereof; or (ii) acts to delay or otherwise materially effects the regulatory approvals required for the consummation of the Restructuring, shall be deemed void ab initio. 

  
 14 

	 	(c)	Any person that receives or acquires Notes or Equity pursuant to a sale, assignment, transfer, hypothecation or other disposition of such Notes or Equity by a Plan
Support Party hereby agrees to be bound by all of the terms of this Support Agreement (as the same may be hereafter amended, restated or otherwise modified from time to time) (a “Joining Party”) by executing and delivering a joinder
in the form of Exhibit C hereto (the “Joinder”). The Joining Party shall thereafter be deemed to be a “Consenting Noteholder” or “Consenting Equity Holder,” as applicable, and a Party for all purposes
under this Support Agreement. 

  

	 	(d)	With respect to the Notes or Equity held by any Joining Party upon consummation of the sale, assignment, transfer, hypothecation or other disposition of such Notes or
Equity, the Joining Party hereby makes the representations and warranties of the Consenting Noteholders or Consenting Equity Holders, as applicable, set forth in Section 5 of this Support Agreement to the Company. 

 

	 	(e)	This Support Agreement shall in no way be construed to preclude any Plan Support Party from acquiring additional Notes, Equity, or any other claim against or interest
in the Company; provided that any such Notes, Equity or claim against or interest in the Company, shall automatically be deemed to be subject to the terms of this Support Agreement. 

 

	8.2	No Third Party Beneficiaries. 

 Unless expressly stated herein, this Support Agreement shall be solely for the benefit of the Company and each Plan Support Party. No other person or entity shall be a third party beneficiary. 

 

	8.3	Entire Agreement. 

This Support Agreement, including exhibits and annexes hereto, constitutes the entire agreement of the Parties with respect to the subject
matter of this Support Agreement, and supersedes all other prior negotiations, agreements, and understandings, whether written or oral, among the Parties with respect to the subject matter of this Support Agreement; provided, however,
that any confidentiality agreement executed by any Party shall survive this Support Agreement and shall continue in full force and effect, subject to the terms thereof, irrespective of the terms hereof. 

 

	8.4	Reporting Obligations. 

 The Company shall provide to the counsel and financial advisors to the Required Consenting Noteholders the information and reports that are required pursuant to the DIP Facility to be provided to the
lenders thereunder. Such information and reports shall be deemed to be “Advisors’ Eyes Only” and shall only be disseminated to counsel or financial advisors to the Required Consenting Noteholders, unless the Company otherwise
consents. 

  
 15 

	8.5	Counterparts. 

This Support Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall
constitute one and the same agreement. Delivery of an executed signature page of this Support Agreement by email or facsimile transmission shall be as effective as delivery of a manually executed counterpart hereof. 

 

	8.6	Settlement Discussions. 

 This Support Agreement and the Term Sheet are part of a proposed settlement of disputes among the Parties hereto. Nothing herein shall be deemed to be an admission of any kind. Pursuant to Federal Rule of
Evidence 408 and any applicable state rules of evidence, this Support Agreement and all negotiations relating thereto shall not be admissible into evidence in any proceeding other than a proceeding to enforce the terms of this Support Agreement or
in connection with the confirmation of the Plan. 
  

	8.7	Reservation of Rights. 

  

	 	(a)	Except as expressly provided in this Support Agreement or in any applicable confidentiality agreement, nothing herein is intended to, does or shall be deemed in any
manner to limit (i) the ability of a Consenting Noteholder to consult with other Consenting Noteholders or the Company, (ii) the rights of a Plan Support Party to be heard as a party in interest in the Chapter 11 Cases, or (iii) the
rights of a Consenting Noteholder to defend against any objection to, or estimation of, any of its Notes, or any other claims it may hold against the Company, in each case so long as such consultation, appearance or defense is consistent with the
Plan Support Party’s obligations under this Support Agreement. 

  

	 	(b)	If the transactions contemplated by this Support Agreement and in the Term Sheet are not consummated as provided herein, if a Termination Date occurs, or if this
Support Agreement, or a Party’s obligations under this Support Agreement, is otherwise terminated for any reason, each Party fully reserves any and all of its respective rights, remedies and interests (if any) under the Indenture, the Notes,
the Company’s organizational documents, applicable law and in equity. 

  

	 	(c)	For the purposes of this Support Agreement, “Consenting Noteholders” shall not include: (i) a holder of Notes that is a signatory hereto in its
capacity as, or to the extent of its holdings as, a fiduciary or in a similar capacity, a broker or a dealer of (A) the Notes, or (B) any other interest in, claim against or other security in the Company; or (ii) any subsidiary
or affiliate of a Consenting Noteholder (A) over which the Consenting Noteholder does not have corporate authority or control or (B) whose credit decisions, including credit decisions to be bound by agreements such as this Support
Agreement, under the internal policies or rules of such subsidiary or holder, are not subject to control by such Consenting Noteholder. 

  
 16 

	8.8	Governing Law; Waiver of Jury Trial. 

  

	 	(a)	The Parties waive all rights to trial by jury in any jurisdiction in any action, suit, or proceeding brought to resolve any dispute between the Parties arising out of
this Support Agreement, whether sounding in contract, tort or otherwise. 

  

	 	(b)	This Support Agreement shall be governed by and construed in accordance with the laws of the State of New York and, in the event the Chapter 11 Cases are filed, the
Bankruptcy Code, without regard to any conflicts of law provision which would require the application of the law of any other jurisdiction. By its execution and delivery of this Support Agreement, each Party hereby irrevocably and unconditionally
agrees for itself that, subject to Section 8.8(c) hereof, any legal action, suit or proceeding against it with respect to any matter under or arising out of or in connection with this Support Agreement or for recognition or enforcement of any
judgment rendered in any such action, suit or proceeding, may be brought in any state or federal court of competent jurisdiction in New York County, State of New York, and by execution and delivery of this Support Agreement, each of the Parties
hereby irrevocably accepts and submits itself to the nonexclusive jurisdiction of such court, generally and unconditionally, with respect to any such action, suit or proceedings. 

 

	 	(c)	Notwithstanding the foregoing, if the Chapter 11 Cases are commenced, nothing in subsections 8.8(a) or (b) hereof shall limit the authority of the Bankruptcy Court
to hear any matter related to or arising out of this Support Agreement. 

  

	8.9	Successors. 

 This
Support Agreement is intended to bind the Parties and inure to the benefit of the Plan Support Parties and the Company and each of their respective successors, assigns, heirs, executors, administrators and representatives; provided,
however, that nothing contained in this Section 8.9 shall be deemed to permit any transfer, tender, vote or consent, of any claims other than in accordance with the terms of this Support Agreement. 

 

	8.10	Nature of Obligations. 

 Notwithstanding anything to the contrary herein, any obligations of the Plan Support Parties contained herein are several in nature and not joint obligations. 

  
 17 

	8.11	Acknowledgment of Counsel. 

 Each of the Parties acknowledges that it has been represented by counsel (or had the opportunity to and waived its right to do so) in connection with this Support Agreement and the transactions
contemplated by this Support Agreement. Accordingly, any rule of law or any legal decision that would provide any Party with a defense to the enforcement of the terms of this Support Agreement against such Party based upon lack of legal counsel
shall have no application and is expressly waived. The provisions of this Support Agreement shall be interpreted in a reasonable manner to effect the intent of the parties hereto. No Party shall have any term or provision construed against such
Party solely by reason of such Party having drafted the same. 
  

	8.12	Amendments, Modifications, Waivers. 

  

	 	(a)	This Support Agreement (including, without limitation, the Term Sheet) may only be modified, amended or supplemented, and any of the terms thereof may only be waived,
by an agreement in writing signed by each of the Company and the Required Consenting Noteholders; provided that if the modification, amendment, supplement or waiver at issue adversely impacts the treatment or rights of any Consenting
Noteholder differently than other Consenting Noteholders, the agreement in writing of such Consenting Noteholder whose treatment or rights are adversely impacted in a different manner than other Consenting Noteholders shall also be required for such
modification, amendment, supplement, or waiver to be effective. Notwithstanding the foregoing, if this Support Agreement is modified in a manner materially adverse to the Consenting Equity Holders, any Consenting Equity Holder may terminate this
Support Agreement as to itself only, pursuant to Section 2.2(c) hereof. 

  

	 	(b)	Notwithstanding Section 8.11(a) hereof, any of the dates set forth in Section 2.1 hereof may be extended by an agreement in writing by each of the Company and
the Required Consenting Noteholders, which writing may be in the form of an e-mail by respective counsel to the Company and the Required Consenting Noteholders, representing that each of the Company and Required Consenting Noteholders, as
applicable, agree to such extension. 

  

	8.13	Severability of Provisions. 

 If any provision of this Support Agreement for any reason is held to be invalid, illegal or unenforceable in any respect, that provision shall not affect the validity, legality or enforceability of any
other provision of this Support Agreement. 

  
 18 

	8.14	Notices. 

 All
notices and other communications required or permitted hereunder shall be in writing and shall be deemed given when: (a) delivered personally or by overnight courier to the applicable addresses set forth below; or (b) sent by facsimile
transmission or email to the parties listed below with a confirmatory copy delivered by overnight courier. 
 If to the Company,
to: 
 Broadview Networks Holdings, Inc. 

800 Westchester Avenue 
 Rye Brook, New York 10573 
 Attention: Charles C. Hunter, Esq.

 with a copy to (for informational purposes only): 

 

			
	Willkie Farr & Gallagher LLP
	 787 Seventh Avenue

New York, New York 10019

	Attention:	 	 Rachel C. Strickland, Esq.

		 	 Jennifer J. Hardy, Esq.

	Telecopy:	 	 (212) 728-8111

	E-mail:	 	 rstrickland@willkie.com

		 	 jhardy2@willkie.com

 If to any Consenting Noteholder, to the email address set forth on its signature page, with a copy to (for
informational purposes only): 
  

			
	 Dechert LLP
 1095
Avenue of the Americas
 New York, New York 10036

	Attention:	 	 Michael J. Sage, Esq.

		 	 Michael H.M. Brown, Esq.

	Telecopy:	 	 (212) 698-3599

	E-mail:	 	 michael.sage@dechert.com

		 	 michael.brown@dechert.com

 If to any Consenting Equity Holder to the address set forth on its signature page. 

 

	8.15	Disclosure of Consenting Noteholder Information 

 Unless required by applicable law or regulation, the Company shall not disclose the amount of Notes held by any Consenting Noteholder without the prior written consent of such Consenting Noteholder; and
if such announcement or disclosure is so required by law or regulation, the Company shall afford each of the Consenting Noteholders a reasonable opportunity to (i) seek a protective order or other appropriate remedy or (ii) review and
comment upon any such announcement or disclosure prior to the Company making such announcement or disclosure. The foregoing shall not prohibit the Company from disclosing the aggregate claims of all Consenting Noteholders as a group. 

  
 19 

 IN WITNESS WHEREOF, the parties hereto have caused this Support Agreement to be executed and delivered by
their respective duly authorized officers, solely in their respective capacity as officers of the undersigned and not in any other capacity, as of the date first set forth above. 

 

			
	 BROADVIEW NETWORKS HOLDINGS, INC.,
on behalf of itself and its subsidiaries

		
	By:	 	 /s/ Michael K. Robinson

	Name:	 	Michael K. Robinson
	Title:	 	President and Chief Executive Officer

  
  

 
  
 SIGNATURE PAGE FOR RESTRUCTURING SUPPORT AGREEMENT 

  
  
 [Plan Support Party Signature Pages Redacted] 
 SIGNATURE PAGE FOR
RESTRUCTURING SUPPORT AGREEMENT 
  

  

 SCHEDULE A 

 

	1.	The name, address, citizenship and principal business of any person or entity that directly or indirectly owns at least ten percent of the equity of the applicant, and
the percentage of equity owned by any such person or entity. 

  

	2.	For any entity which will own ten percent or more of the carrier applicant, information regarding whether a foreign entity owns ten percent or more of such entity.

 EXHIBIT A 

TERM SHEET 

 EXHIBIT B 

PLAN 

 EXHIBIT C 

JOINDER 
 This Joinder to the Restructuring Support Agreement, dated as of July 13, 2012 by and among each of Broadview Networks Holdings, Inc. and each of its direct and indirect subsidiaries (collectively,
the “Company”), the Consenting Equity Holders and the Consenting Noteholders signatory thereto (as amended, supplemented or otherwise modified, the “Support Agreement), is executed and delivered by
[            ] (the “Joining Party”) as of                  , 2012.
Capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Support Agreement. 
 1. Agreement to be Bound. The Joining Party hereby agrees to be bound by all of the terms of the Support Agreement, attached to this Joinder as Annex I (as the same may be hereafter amended,
restated or otherwise modified from time to time). The Joining Party shall hereafter be deemed to be a “Consenting Noteholder” or a “Consenting Equity Holder,” as applicable, and a Party for all purposes under the Support
Agreement. 
 2. Representations and Warranties. With respect to the aggregate principal amount of Notes
and/or Equity held by the Joining Party upon consummation of the sale, assignment, transfer, hypothecation or other disposition of such Notes or Equity, listed on the signature page hereto, the Joining Party hereby makes the representations and
warranties of the Consenting Noteholders or Consenting Equity Holders, as applicable, to the Company set forth in Section 5 of the Support Agreement. 
 3. Governing Law. This Joinder shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to any conflicts of law provisions which would
require the application of the law of any other jurisdiction. 
 * * * * * 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the Joining Party has caused this Joinder to be executed as of the date
first written above. 
  

					
	 Name of Institution:
	 	 	 	

					
			
	 By:
	 	 	 	
			
	 Name:
	 	 	 	
			
	 Title:
	 	 	 	
			
	 Telephone:
	 	 	 	
			
	 Facsimile:
	 	 	 	
			
	 E-mail:
	 	 	 	

 Aggregate Principal Amount of Notes Held 
 $
                                         
                                

Aggregate Amount of Equity Held 
  

					
	 Class A Preferred
	 	 	 	
			
	 Class A-1 Preferred
	 	 	 	
			
	 Class B Preferred
	 	 	 	
			
	 Class B-1 Preferred
	 	 	 	
			
	 Class A Common
	 	 	 	
			
	 Class B Common
	 	 	 	

 [SIGNATURE PAGE TO JOINDER] 

 ANNEX I 

[Restructuring Support Agreement] 

 Exhibit A 
 SUMMARY TERM SHEET FOR 
 PROPOSED RESTRUCTURING OF 

BROADVIEW NETWORKS HOLDINGS, INC. 
 This term sheet (this “Term Sheet”) sets forth a brief summary of the principal terms of a proposed restructuring (the “Restructuring”) of the 11 3/8 % Senior
Secured Notes due 2012 of Broadview Network Holdings, Inc., a Delaware Corporation (the “Issuer”), issued pursuant to that certain Indenture dated August 23, 2006 (as supplemented, the “Existing Indenture”),
among the Issuer, the Guarantors named therein and The Bank of New York, as Trustee and Collateral Agent. 
  

			
	PARTIES	  	
		
	 Issuer (or “BNHI”):
	  	Broadview Networks Holdings, Inc.
		
	 Guarantors:
	  	Substantially the same guarantors as under the Existing Indenture, other than immaterial or previously dissolved entities.
		
	 Collateral Agent:
	  	The Bank of New York
		
	 Holders:
	  	The legal or beneficial holders of, or fund manager or account manager with respect to, the $300,000,000 senior secured notes (collectively, the “Existing Senior
Notes”) issued pursuant to the Existing Indenture.
		
	 Required Consenting

Noteholders:
	  	 Fidelity Management & Research Company
 BlackRock Financial Management, Inc.
 MSD Credit Opportunity Master Fund, L.P.

Watershed Asset Management, L.L.C.
  

Each as either a holder of the Existing Senior Notes or a fund manager or account manager with respect thereto.

		
	 Existing Senior Notes:
	  	 Principal Amount Outstanding: $300,000,000
 Accrued Interest Outstanding: $17,062,500
 Interest Rate: 11 3/8%

Maturity Date: September 1, 2012

		
	 Existing Preferred Interests:
	  	Shares of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock and Series C Preferred Stock of BNHI, issued and outstanding
immediately prior to the Effective Date.

			
		
	TREATMENT OF SENIOR NOTE CLAIMS IN RESTRUCTURING	  	 On the effective date of the Restructuring (the “Effective Date”), the Existing Senior Notes shall be effectively
converted, in the appropriate manner pursuant to applicable law, and in exchange therefore the Holders shall receive their pro rata share of the consideration set forth below.

 
 New Senior Secured Notes:

Issuer: BNHI
 Guarantors:
Except as otherwise agreed, all direct and indirect subsidiaries of BNHI
 Principal Amount: $150,000,000 senior secured notes (the
“New Senior Secured Notes”)
 Interest Rate: 10.5%
 Default Interest Rate: 2% in excess of the Interest Rate on any defaulted amount

Maturity Date: 5 years from issue date

Optional Redemption: The Issuer may, at its option, redeem all or any portion of the New Senior Secured Notes at the redemption prices set forth
below, plus accrued and unpaid interest to the redemption date:
  
 Within six months of issue date                         100%

Six months to 18 months following issue date 105%
 18 months to 30 months following issue date 104%
 30 months to 42 months
following issue date 103%
 42 months to 54 months following issue date 102%

54 months to 60 months following issue date 100%
  

Collateral: Not less than what is currently provided with respect to the Existing Notes.
 Covenants: Substantially similar to those in the Existing Indenture, subject to the changes detailed below.
 Reporting Obligations: Obligations to file financial reports with the Securities and Exchange Commission that are substantially similar to those under the Existing Indenture.

 
 New Common Stock:
 Of the new common stock issued by the restructured Issuer (the “New Common Stock”), 97.5% of the initial New Common Stock as of the Effective Date, subject to subsequent dilution by
exercise of the Equity Holder Warrants (as defined below) and any equity issued under a management incentive plan (the “MIP”).

  
 2 

			
		
		  	With respect to the resolution of shareholder and regulatory issues relating to Holders with nominal amounts of Existing Senior Notes, including any payments proposed to be made
in connection therewith, the Company and the Required Consenting Noteholders shall resolve such issues on terms satisfactory to the Required Consenting Noteholders.
		
	EXISTING INDENTURE AMENDMENTS	  	 The provisions of the Existing Indenture will be modified as set forth below. Certain capitalized terms used in this
“Covenants” section but not otherwise defined have the meanings set forth in the Existing Indenture.
  
 General

•       Eliminate provisions regarding ATX Acquisition and related escrow
concept.
 •       Delete statement that holders of beneficial
interest in voting stock of the Issuer greater than 10% are deemed to control the Issuer.

•       Exclude votes of Affiliates under Section 2.09 only to the extent
required by the Trust Indenture Act.
 •       Continuing Letter
of Credit requirements to be agreed with the Required Consenting Noteholders.

•       Eliminate offer/sale exemptions and temporary security
concepts.
 •       Modify trustee provisions consistent with
customary market practice.
 •       Revise such that all
transactions contemplated by the pre-packaged Chapter 11 plan of reorganization in the United States Bankruptcy Court for the Southern District of New York (the “Plan”) will be permitted.

 
 Limitation on Debt

•       Debt incurrence ratio to be 3.0:1.0 (excluding Senior Debt, as
defined below).
 •       Revise definition of Consolidated Cash
Flow to eliminate ability to add back equity offering costs and integration expenses.

•       Revise definition of Consolidated Net Income to eliminate
exceptions regarding extraordinary items, contingency reserves and losses on purchases of restricted subsidiaries.
 Revise
definition of Permitted Indebtedness to (i) limit intercompany indebtedness to unsecured and expressly subordinated debt and (ii) cap secured indebtedness under credit facility to $35 million
(in

  
 3 

			
		
		  	 addition to existing basket for Capitalized Lease Obligations) with liens on the credit facility that are
substantially similar to the liens securing the Revolving Credit Agreement (defined below) or as otherwise agreed among the Required Consenting Noteholders and the lenders under such credit facility (“Senior Debt”).

•       Revise definition of Pro Forma Consolidated Cash Flow to limit
adjustments to those allowed under Regulation S-X and to tighten the reinvestment provision in clause (b).
  
 Limitation on Restricted Payments

•       Increase general basket to $25 million.

•       Revise definition of Permitted Investments to add investments in
licensing or contribution of intellectual property pursuant to joint marketing arrangements.

•       Eliminate carve-outs for payment of dividends on disqualified
capital stock and restricted payments made with Excluded Contributions.
  

Limitation on Liens
 •       Revise definition of Permitted Liens to add (i) liens in favor of Issuer or Restricted Subsidiaries, (ii) liens arising from precautionary UCC filings and
(iii) liens to defease or discharge debt.
 •       Add general
lien basket of $10 million.
  
 Transactions with
Affiliates
 •       Add carve-out for granting and
performance of registration rights and obligations under the Shareholders’ Agreement.

•       Exclude pro rata distributions on Capital Stock from
covenant.
  
 Issuance and Sales of Capital Stock

•       Add carve-out for joint ventures.

 
 Limitation on Asset Sales

•       Reduce period for reinvestment of net cash proceeds from Asset
Sales to 270 days.

  
 4 

			
		
	TREATMENT OF PREFERRED EQUITY HOLDERS IN RESTRUCTURING	  	On the Effective Date, the common stock and the Existing Preferred Interests of BNHI will be cancelled and the holders of the Existing Preferred Interests (the “Equity
Holders”) shall receive their pro rata share of: (A) 2.5% of the initial primary shares of the New Common Stock as of the Effective Date, subject to subsequent dilution by exercise of the Equity Holder Warrants and any equity issued under a
MIP, and (B) two series of warrants (the “Equity Holder Warrants”) to purchase, at any time prior to the
8th anniversary date of the Effective Date, up to
(i) 11% of the fully diluted New Common Stock after giving pro forma effect to the issuance of primary shares underlying these warrants, but diluted for any primary shares issued pursuant to the MIP or the warrants described under (B)(ii)
herein, at an exercise equity value, calculated prior to dilution for the issuance of the 11% warrants, equal to $171,346,154 which reflects a par plus accrued recovery on the Existing Senior Notes. For example, prior to any possible dilution for
the MIP, if there were 10,000,000 shares outstanding, prior to the issuance of the warrants, a cash exercise would result in the warrant holders purchasing approximately 1,235,955 additional shares at $17.135 per share; and (ii) 4% of the fully
diluted New Common Stock after giving pro forma effect to the issuance of primary shares underlying all warrants (including those described under (B)(i) herein), but diluted for any primary shares issued pursuant to the MIP, at an equity exercise
value, calculated prior to dilution for the 4% warrants, which together with the Company’s $150,000,000 New Senior Secured Notes, plus amounts outstanding under any revolving credit facility and capitalized leases, less cash and cash
equivalents on the Company’s balance sheet as of the Effective Date, and giving pro forma effect for any cash and shares of New Common Stock relating to the exercise of the warrants contemplated under (B)(i) herein, would be equal to an
enterprise value of $350,000,000. For example, prior to dilution associated with any MIP, if there were 10,000,000 shares outstanding, if total debt was $170,000,000 and cash on the balance sheet was $50,000,000 (including $21,177,614 which might be
associated with a cash exercise of the 11% warrants), the equity value would be $230,000,000, resulting in a share price of $20.470, at which the additional 4%, or 468,165 shares, would be exercised.
		
	TREATMENT OF UNSECURED CLAIMS	  	All BNHI trade and subsidiary related obligations (excluding intercompany loan obligations, if any) will be unimpaired by the
Restructuring.

  
 5 

			
	DIP FINANCING/EXIT FINANCING:	  	 To the extent necessary and applicable, BNHI will seek a post-petition credit facility (the “DIP Facility”) and an
exit facility (the material terms of any such DIP Facility (excluding the identity of the lender(s) and exit facility) to be in form and substance reasonably satisfactory to the Required Consenting Noteholders.

 
 As used herein, the term “Revolving Credit Agreement” refers to that
certain Credit Agreement, dated as of August 23, 2006, by and among BNHI and certain of its subsidiaries, the lenders thereto, and The CIT Group/Business Credit, Inc., as administrative agent, collateral agent and documentation agent, amended
as of July 27, 2007, November 12, 2010, December 8, 2011 and May 31, 2012.

		
	CORPORATE GOVERNANCE:	  	On the Effective Date, the new board of BNHI will be comprised of five to seven directors, designated as follows: one director will be the then current chief executive officer of
BNHI and the remaining directors will be selected consensually by the Required Consenting Noteholders.
		
	MANAGEMENT INCENTIVE PLAN	  	Securities exercisable for or convertible into 6 to 10% of the New Common Stock, subject to such terms and conditions to be determined by the board of restructured BNHI (any such
shares to dilute all other New Common Stock granted in connection with the Restructuring).
		
	REGISTRATION RIGHTS AGREEMENT	  	Registration rights for the New Senior Secured Notes will be granted pursuant to a registration rights agreement in form and substance satisfactory to the Required Consenting
Noteholders.
		
	SHAREHOLDERS’ AGREEMENT	  	A Shareholders’ Agreement shall be executed by the members of the Required Consenting Noteholders which will provide each member of the Required Consenting Noteholders with:
(i) drag-along and tag-along rights with respect to its New Common Stock, (ii) rights of first refusal with respect to transfers of New Common Stock by other members of the Required Consenting Noteholders and (iii) preemptive rights with respect to
the purchase of its pro rata share of any additional equity securities (other than New Common Stock issued pursuant to the Equity Holder Warrants or MIP) or issued or sold by BNHI (together with a pro rata portion of any securities that are
unsubscribed for by any other member of the Required Consenting Noteholders). The Shareholders’ Agreement shall terminate upon pricing of an initial public offering, as defined in the Shareholders’
Agreement.

  
 6 

			
	IMPLEMENTATION:	  	The Restructuring shall be effectuated through the Plan of BNHI, the Guarantors, and, only to the extent necessary, certain or all of BNHI’s other domestic subsidiaries,
which, in BNHI’s sole discretion may be combined with an exchange offer for the Existing Senior Notes (provided that any such exchange offer shall result in 100% of the Existing Senior Notes being exchanged for the consideration described
herein). The definitive documentation with respect to the Restructuring shall be in form and substance satisfactory to BNHI and the Required Consenting Noteholders and may not contain terms which vary materially from the terms described
herein.
		
	FEES AND EXPENSES:	  	In addition to paying the reasonable, actual and documented fees and expenses of its own legal and financial advisors, BNHI will pay the reasonable, actual and documented fees
and expenses of Dechert LLP and FTI Consulting through the Effective Date and in accordance with the terms of the existing fee arrangements and without requiring such advisors to seek approval of such fees and expenses from the Bankruptcy
Court.
		
	RELEASE:	  	The Plan shall contain standard and customary third party releases and exculpations under section 1125(e) of the Bankruptcy Code, and the Confirmation Order will contain a
“good faith” finding as contemplated by that section.
		
	REPORTING:	  	From the date of execution of this Term Sheet and subject to applicable confidentiality agreements, BNHI shall maintain open and timely communication with the advisors to the
Required Consenting Noteholders with respect to all aspects of the Restructuring process as well as any and all bankruptcy proceedings relating to BNHI, including, but not limited to, any potential sale of BNHI and any or all of its assets. In
addition, BNHI will comply with its reporting obligations under the Existing Indenture.

  
 7 

 Exhibit B 

 

					
	UNITED STATES BANKRUPTCY COURT	 		  	
	SOUTHERN DISTRICT OF NEW YORK	 		  	
	______________________________________________	 	X	  	
	In re	 	:	  	Chapter 11
		 	:	  	
			
	Broadview Networks Holdings, Inc., et al.	 	:	  	Case No. 12-                (    )
			
		 	:	  	
			
	Debtors.	 	:	  	(Jointly Administered)
			
	______________________________________________	 	X	  	

 JOINT PREPACKAGED PLAN OF REORGANIZATION FOR 

BROADVIEW NETWORKS HOLDINGS, INC. AND ITS AFFILIATED DEBTORS 

 

			
	Dated: New York, New York	  	
	             July 13, 2012	  	
		
		  	 WILLKIE FARR & GALLAGHER LLP

787 Seventh Avenue
 New York, New York
10019-6099
 (212) 728-8000

		
		  	 Proposed Counsel for Debtors

and Debtors in Possession

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INTERPRETATIONS
	  	 	1	  
		
	 ARTICLE II METHOD OF CLASSIFICATION OF CLAIMS AND INTERESTS AND GENERAL PROVISIONS
	  	 	12	  
	 2.1
	 	General Rules of Classification	  	 	12	  
	 2.2
	 	Settlement	  	 	12	  
	 2.3
	 	Substantive Consolidation of Debtors for Purposes of Voting, Confirmation and Distribution	  	 	13	  
	 2.4
	 	Administrative, DIP Lender, Fee and Priority Tax Claims	  	 	13	  
	 2.5
	 	Deadline for Filing Fee Claims	  	 	13	  
	 2.6
	 	U.S. Trustee Fees	  	 	14	  
	 2.7
	 	Indenture Trustee Fees	  	 	14	  
		
	 ARTICLE III CLASSIFICATION OF CLAIMS AND INTERESTS
	  	 	14	  
		
	 ARTICLE IV TREATMENT OF UNIMPAIRED CLASSES
	  	 	15	  
	 4.1
	 	DIP Claims	  	 	15	  
	 4.2
	 	Administrative Claims	  	 	15	  
	 4.3
	 	Priority Tax Claims	  	 	15	  
	 4.4
	 	Fee Claims	  	 	16	  
	 4.5
	 	ABL Facility Claims – Class 1	  	 	16	  
	 4.6
	 	Other Secured Claims – Class 3	  	 	16	  
	 4.7
	 	Other Priority Claims – Class 4	  	 	16	  
	 4.8
	 	General Unsecured Claims – Class 5	  	 	17	  
	 4.9
	 	Intercompany Claims – Class 6	  	 	17	  
	 4.10
	 	Intercompany Interests – Class 7	  	 	17	  
		
	 ARTICLE V TREATMENT OF IMPAIRED CLASSES
	  	 	17	  
	 5.1
	 	Senior Secured Notes Claims – Class 2	  	 	17	  
	 5.2
	 	Existing Preferred Interests – Class 8	  	 	17	  
	 5.3
	 	Other Existing Equity Interests – Class 9	  	 	18	  
	 5.4
	 	Subordinated Securities Claims – Class 10	  	 	18	  
		
	ARTICLE VI NEW COMMON STOCK	  	 	18	  
	 6.1
	 	Authorization and Issuance of New Common Stock	  	 	18	  
	 6.2
	 	New Stockholders Agreement and New Registration Rights Agreement	  	 	18	  
	 6.3
	 	New Warrants	  	 	18	  
		
	 ARTICLE VII MEANS OF IMPLEMENTATION
	  	 	19	  
	 7.1
	 	Restructuring Transaction	  	 	19	  
	 7.2
	 	Corporate Action	  	 	19	  
	 7.3
	 	Effectuating Documents and Further Transactions	  	 	20	  
	 7.4
	 	Directors of the Reorganized Debtors	  	 	20	  
	 7.5
	 	Management Equity Plan	  	 	20	  

  
 i 

							
	 7.6
	 	General Distribution Mechanics	  	 	20	  
	 7.7
	 	Withholding Taxes	  	 	22	  
	 7.8
	 	Exemption from Certain Transfer Taxes	  	 	22	  
	 7.9
	 	Exemption from Securities Laws	  	 	22	  
	 7.10
	 	Setoffs and Recoupments	  	 	22	  
	 7.11
	 	Insurance Preservation and Proceeds	  	 	23	  
	 7.12
	 	Solicitation of Debtors	  	 	23	  
		
	ARTICLE VIII EFFECT OF THE PLAN ON CLAIMS AND INTERESTS	  	 	23	  
	 8.1
	 	Discharge	  	 	23	  
	 8.2
	 	Vesting and Retention of Causes of Action	  	 	24	  
	 8.3
	 	Survival of Certain Indemnification Obligations	  	 	25	  
	 8.4
	 	Release of Claims	  	 	25	  
	 8.5
	 	Objections to Claims and Interests	  	 	29	  
	 8.6
	 	Amendments to Claims	  	 	29	  
	 8.7
	 	Estimation of Claims	  	 	30	  
		
	ARTICLE IX EXECUTORY CONTRACTS	  	 	30	  
	 9.1
	 	Executory Contracts and Unexpired Leases	  	 	30	  
	 9.2
	 	Cure	  	 	30	  
		
	ARTICLE X CONDITIONS PRECEDENT TO CONFIRMATION AND CONSUMMATION OF THE PLAN	  	 	31	  
	 10.1
	 	Conditions Precedent to Confirmation	  	 	31	  
	 10.2
	 	Conditions to the Effective Date	  	 	31	  
	 10.3
	 	Waiver of Conditions Precedent	  	 	32	  
	 10.4
	 	Effect of Non-Occurrence of the Conditions to Consummation	  	 	32	  
	 10.5
	 	Withdrawal of the Plan	  	 	33	  
	 10.6
	 	Cramdown	  	 	33	  
		
	ARTICLE XI ADMINISTRATIVE PROVISIONS	  	 	33	  
	 11.1
	 	Retention of Jurisdiction	  	 	33	  
	 11.2
	 	Governing Law	  	 	36	  
	 11.3
	 	Time	  	 	36	  
	 11.4
	 	Retiree Benefits	  	 	36	  
	 11.5
	 	Amendments	  	 	36	  
	 11.6
	 	Successors and Assigns	  	 	37	  
	 11.7
	 	Confirmation Order and Plan Control	  	 	37	  
	 11.8
	 	Creditors’ Committee	  	 	37	  
	 11.9
	 	Termination of Professionals	  	 	37	  
	 11.10
	 	Hart-Scott-Rodino Antitrust Improvements Act	  	 	37	  
	 11.11
	 	Notices	  	 	38	  
	 11.12
	 	Reservation of Rights	  	 	39	  

  
 ii 

 EXHIBITS 
 EXHIBITS IN THE PLAN SUPPLEMENT 
  

			
	 Exhibit 1
	  	New Senior Secured Notes Indenture
		
	 Exhibit 2
	  	New ABL Agreement
		
	 Exhibit 3
	  	New Stockholders Agreement
		
	 Exhibit 4
	  	New Registration Rights Agreement
		
	 Exhibit 5
	  	List of Officers and Directors
		
	 Exhibit 6
	  	Certificate of Incorporation of Reorganized Broadview Networks Holdings, Inc.
		
	 Exhibit 7
	  	Bylaws of Reorganized Broadview Networks Holdings, Inc.
		
	 Exhibit 8
	  	Management Equity Plan
		
	 Exhibit 9
	  	New Warrant Agreement

 ARTICLE I 
 DEFINITIONS AND INTERPRETATIONS 
  

	 	A.	Definitions. 

 The
capitalized terms set forth below shall have the following meanings: 
 1.1 ABL Agent means The CIT Group/Business
Credit, Inc., as administrative agent, collateral agent and documentation agent under the ABL Agreement. 
 1.2 ABL
Agreement means that certain Credit Agreement, dated as of August 23, 2006, by and among Broadview Networks Holdings, Inc., Broadview Networks, Inc., Broadview Networks of Massachusetts, Inc., Broadview Networks of Virginia, Inc., and
BridgeCom International, Inc., as borrowers, the lenders party thereto, and The CIT Group/Business Credit, Inc., as administrative agent, collateral agent and documentation agent, amended as of July 27, 2007, November 12,
2010, December 8, 2011 and May 31, 2012, together with the Intercreditor Agreement, any guaranties, and other collateral or ancillary documents (as amended, modified or supplemented). 

1.3 ABL Facility means the revolving credit facility provided to the Debtors pursuant to the ABL Agreement. 

1.4 ABL Facility Claim means any Claim derived from or based upon the ABL Facility, if any. 

1.5 ABL Lenders means those several banks and other financial institutions from time to time party to the ABL Agreement.

 1.6 Administrative Claim means a Claim, other than a Fee Claim, a claim for payment of U.S. Trustee Fees or a DIP
Claim, for payment of costs or expenses of administration specified in sections 503(b) and 507(a)(1) of the Bankruptcy Code, including, without limitation, the actual and necessary costs and expenses incurred after the Petition Date of preserving
the Estates and operating the business of the Debtors (such as wages, salaries or commissions for services rendered). 
 1.7
Allowed              Claim means a Claim that is Allowed in the specified Class. For example, an Allowed Class 1 Claim or Allowed ABL Facility Claim is an Allowed Claim in the
ABL Facility Claims Class designated herein as Class 1. 
 1.8 Allowed means, with respect to any Claim or Interest, to
the extent such Claim or Interest is: (a) not Disputed; and (b) (i) is scheduled by the Debtors in their schedules of assets and liabilities (if filed) pursuant to the Bankruptcy Code and Bankruptcy Rules in a liquidated amount and
not listed as contingent, unliquidated or disputed and for which no contrary proof of claim has been filed, (ii) proof of which has been timely filed, or deemed timely filed, with the Bankruptcy Court pursuant to the Bankruptcy Code, the
Bankruptcy Rules and/or any applicable orders of the Bankruptcy Court, or late filed with leave of the Bankruptcy 

  
 1 

 
Court; and not objected to within the period fixed by the Plan, the Bankruptcy Code, the Bankruptcy Rules and/or applicable orders of the Bankruptcy Court, (iii) has been allowed by an
agreement between the holder of such Claim or Interest and the Debtors or Reorganized Debtors, or (iv) has otherwise been allowed by a Final Order or pursuant to the Plan. An Allowed Claim: (a) includes a previously Disputed Claim to the
extent such Disputed Claim becomes allowed; and (b) shall be net of any setoff amount that may be asserted by any Debtor against the holder of such Claim, which shall be deemed to have been setoff in accordance with the provisions of the Plan.

 1.9 Ballot means the ballot distributed to each holder of a Claim or Interest eligible to vote on the Plan, on which
ballot such holder of a Claim or Interest may, inter alia, vote for or against the Plan. 
 1.10 Bankruptcy Code
means title 11 of the United States Code, as now in effect or hereafter amended, as applicable to the Reorganization Cases. 

1.11 Bankruptcy Court means the United States Bankruptcy Court for the Southern District of New York, or any other court
exercising competent jurisdiction over the Reorganization Cases or any proceeding therein. 
 1.12 Bankruptcy Rules means
the Federal Rules of Bankruptcy Procedure and the local rules of the Bankruptcy Court (including any applicable local rules of the United States District Court for the Southern District of New York), as applicable to the Reorganization Cases.

 1.13 Bar Date means any deadline for filing proof of a Claim that arose on or prior to the Petition Date, if any, as
established by an order of the Bankruptcy Court or the Plan. 
 1.14 Business Day means any day except a Saturday,
Sunday, or “legal holiday” as such term is defined in Bankruptcy Rule 9006(a). 
 1.15 Cash means cash and cash
equivalents, including, but not limited to, bank deposits, checks, and other similar items in the legal tender of the United States of America. 
 1.16 Causes of Action means any claims, causes of action, demands, rights, actions, suits, obligations, liabilities, accounts, defenses, offsets, powers, privileges, licenses, and franchises of any
kind or character whatsoever, known, unknown, contingent or non-contingent, matured or unmatured, suspected or unsuspected, in contract or in tort, in law or in equity, or pursuant to any other theory of law. Causes of Action also include:
(a) all rights of setoff, counterclaim, or recoupment and claims on contracts or for breaches of duties imposed by law; (b) the right to object to or otherwise contest Claims or Interests; (c) claims pursuant to sections 362, 510,
542, 543, 544 through 550, or 553 of the Bankruptcy Code; and (d) such claims and defenses as fraud, mistake, duress, and usury and any other defenses set forth in section 558 of the Bankruptcy Code. 

  
 2 

 1.17 Claim means a claim against a Debtor, whether or not asserted, known or unknown,
as such term is defined in section 101(5) of the Bankruptcy Code, including: (a) any right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed,
legal, equitable, secured, or unsecured; or (b) any right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed,
contingent, matured, unmatured, disputed, undisputed, secured or unsecured. 
 1.18 Class means a group of Claims or
Interests classified by the Plan pursuant to section 1123(a)(1) of the Bankruptcy Code, and as set forth in Article III of the Plan. 
 1.19 Confirmation Date means the date the Bankruptcy Court enters the Confirmation Order on its docket. 
 1.20 Confirmation Hearing means the hearing to adjudicate confirmation of the Plan. 
 1.21 Confirmation Order means the order of the Bankruptcy Court confirming the Plan pursuant to section 1129 of the Bankruptcy Code and approving the Disclosure Statement pursuant to sections 1125
and 1126(b) of the Bankruptcy Code, which shall be in form and substance reasonably satisfactory to the Debtors and the Required Consenting Noteholders and which shall include a finding of good faith with respect to the Released Parties within the
meaning of 1125(e) of the Bankruptcy Code. 
 1.22 Consenting Equity Holders means, collectively, those holders of HoldCo
Interests who are party to the Restructuring Support Agreement. 
 1.23 Consenting Noteholders means, collectively, those
holders of Senior Secured Notes who are party to the Restructuring Support Agreement. 
 1.24 Creditors’ Committee
means the Official Committee of Unsecured Creditors in the Reorganization Cases, if any, as appointed by the Office of the United States Trustee for the Southern District of New York, and as may be reconstituted from time to time. 

1.25 Cure Amount shall have the meaning ascribed to such term in Section 9.2(a) of the Plan. 

1.26 Cure Dispute shall have the meaning ascribed to such term in Section 9.2(b) of the Plan. 

1.27 Debtors means: (a) Broadview Networks Holdings, Inc.; (b) A.R.C. Networks, Inc.; (c) ARC Networks, Inc.;
(d) ATX Communications, Inc.; (e) ATX Licensing, Inc.; (f) ATX Telecommunication Services of Virginia, LLC; (g) BridgeCom Holdings, Inc.; (h) BridgeCom International, Inc.; (i) BridgeCom Solutions Group, Inc.;
(j) Broadview Networks, Inc.; (k) Broadview Networks of Massachusetts, Inc.; (l) Broadview Networks of Virginia, Inc.; (m) Broadview NP Acquisition Corp.; (n) BV-BC Acquisition Corp.; (o) CoreComm – ATX, Inc.;
(p) CoreComm Communications, LLC; (q) Digicom, Inc; (r) Eureka Broadband Corporation; (s) Eureka Holdings, LLC; (t) Eureka Networks, LLC; (u) Eureka Telecom, Inc.; (v) Eureka Telecom of VA, Inc.;
(w) InfoHighway Communications Corporation; (x) Info-Highway International, Inc.; (y) InfoHighway of Virginia, Inc.; (z) Nex-i-.com, Inc.; (aa) Open Support Systems LLC; and (bb) TruCom Corporation. 

  
 3 

 1.28 DIP Agent means
[            ], in its capacity as the administrative agent under the DIP Facility. 
 1.29 DIP Claim means a Claim of a DIP Lender in respect of the obligations of the Debtors arising under the DIP Facility. 
 1.30 DIP Facility means the $[25] million superpriority debtor-in-possession credit facility provided to the Debtors pursuant to that certain Credit Agreement, dated as of [August __], 2012,
among [HoldCo, as borrower, and the direct and indirect subsidiaries of HoldCo], as guarantors, each of the DIP Lenders, and the DIP Agent, as the same may have been modified and amended from time to time, in accordance with the terms thereof.

 1.31 DIP Lenders means the lenders that are party to the DIP Facility. 

1.32 DIP Order means that certain order or orders of the Bankruptcy Court authorizing and approving the DIP Facility, and
approving the Debtors’ use of cash claimed as collateral. 
 1.33 Disallowed means a finding of the Bankruptcy Court
in a Final Order or provision of the Plan providing that a Claim shall not be an Allowed Claim. 
 1.34 Disclosure
Statement means the Disclosure Statement that relates to the Plan and is approved by the Bankruptcy Court pursuant to sections 1125 and 1126(b) of the Bankruptcy Code, as such Disclosure Statement may be amended, modified, or supplemented (and
all exhibits and schedules annexed thereto or referred to therein and all supplements thereto). 
 1.35 Disputed means,
with respect to a Claim or Interest, that portion (including, when appropriate, the whole) of such Claim or Interest that: (a) if the Debtors are required by the Bankruptcy Court to file schedule of assets and liabilities, (i) has not been
scheduled by the Debtors or has been scheduled in a lesser amount or priority than the amount or priority asserted by the holder of such Claim or Interest, or (ii) has been scheduled as contingent, unliquidated or disputed and for which no
proof of claim has been timely filed; (b) is the subject of an objection or request for estimation filed in the Bankruptcy Court which has not been withdrawn or overruled by a Final Order; and/or (c) is otherwise disputed by any of the
Debtors or Reorganized Debtors in accordance with applicable law, which dispute has not been withdrawn, resolved, or overruled by final, non-appealable order of a court of competent jurisdiction. 

1.36 Distribution means the distribution in accordance with the terms of the Plan of: (a) Cash; (b) New Common Stock;
(c) the New Senior Secured Notes; and/or (d) New Warrants, in each case, if any, and as the case may be. 

  
 4 

 1.37 Distribution Address means the address set forth in the relevant proof of claim.
If no proof of claim is filed in respect to a particular Claim, then the address set forth in the Debtors’ books and records or register maintained for registered securities. 

1.38 Distribution Agent means with respect to Distributions made on account of: (a) the ABL Facility Claims, the ABL Agent;
(b) the Senior Secured Notes Claims, the Senior Secured Notes Trustee; (c) the DIP Claims, the DIP Agent, or (d) any other Claim or Interest, any stock transfer agents, agents contractually authorized and/or obligated to make
Distributions to certain claimants and similar intermediaries and agents participating in making or conveying Distributions as required by the Plan, which may include any Reorganized Debtor. 

1.39 Distribution Date means (a) with respect to ABL Facility Claims, DIP Claims, Senior Secured Notes Claims and Existing
Preferred Interests, the Effective Date, (b) with respect to Administrative Claims, Other Priority Claims, Priority Tax Claims, Other Secured Claims, and General Unsecured Claims, the date that is the latest of: (i) the Effective Date (or
as soon thereafter as reasonably practicable); (ii) the date such Claim would ordinarily be due and payable; and (iii) the date (or as soon thereafter as reasonably practicable) that is fifteen (15) days (or, if such date is not a
Business Day, on the next Business Day thereafter) after such Claim becomes an Allowed Claim or otherwise becomes payable under the Plan, and (c) with respect to Fee Claims, the date (or as soon thereafter as reasonably practicable) that such
Claims are allowed by Final Order of the Bankruptcy Court. 
 1.40 Effective Date means a Business Day, selected by the
Debtors, which is after the entry of the Confirmation Order, on which all conditions to the Effective Date set forth in Section 10.2 of the Plan have been satisfied or waived. 

1.41 Estates means the estates created in the Reorganization Cases pursuant to section 541 of the Bankruptcy Code. 

1.42 Estimated Fee Claims shall have the meaning ascribed to such term in Section 4.4 of the Plan. 

1.43 Existing Interest Equity Distribution means 2.5% of the New Common Stock, prior to dilution by the Management Equity Plan.

 1.44 Existing Interests means all existing Interests in HoldCo. 

1.45 Existing Preferred Interests means the shares of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred
Stock, Series B-1 Preferred Stock and Series C Preferred Stock of Broadview Networks Holdings, Inc., issued and outstanding immediately prior to the Effective Date. 
 1.46 Fee Claim means a Claim by a (a) Professional Person (other than an ordinary course professional retained pursuant to an order of the Bankruptcy Court) for compensation or reimbursement
pursuant to section 327, 328, 330, 331, 503(b) or 1103(a) of the Bankruptcy Code in connection with the Reorganization Cases; or (b) member of the Creditors’ Committee, if any, arising under section 503(b)(3)(F) of the Bankruptcy Code.

  
 5 

 1.47 Final Order means an order or judgment of the Bankruptcy Court, as entered on
the docket of the Bankruptcy Court that has not been reversed, stayed, modified, or amended, and as to which: (a) the time to appeal, seek review or rehearing or petition for certiorari has expired and no timely-filed appeal or petition for
review, rehearing, remand or certiorari is pending; or (b) any appeal taken or petition for certiorari filed has been resolved by the highest court to which the order or judgment was appealed or from which certiorari was sought,
provided, however, that the possibility that a motion under Rule 59 or Rule 60 of the Federal Rules of Civil Procedure, or any analogous rule under the Bankruptcy Rules or other rules governing procedure in cases before the Bankruptcy
Court, may be filed with respect to such order shall not cause such order not to be a Final Order. 
 1.48 General Unsecured
Claim means any Claim that is not: (a) an Administrative Claim, (b) an Other Priority Claim, (c) a Priority Tax Claim, (d) a claim for U.S. Trustee Fees, (e) an Other Secured Claim, (f) a DIP Claim, (g) an ABL
Facility Claim, (h) a Fee Claim, (i) a Senior Secured Notes Claim, (j) an Intercompany Claim, or (k) a Subordinated Securities Claim. 
 1.49 HoldCo means Broadview Networks Holdings, Inc., a Delaware corporation. 
 1.50 Impaired means with respect to any Class of Claims or Interests, a Class of Claims or Interests that is impaired within the meaning of section 1124 of the Bankruptcy Code. 

1.51 Indenture Trustee Charging Lien means any lien or other priority in payment to which the Senior Secured Notes Trustee is
entitled, pursuant to the Senior Secured Notes Indenture, against Distributions to be made to holders of the Senior Secured Notes for payment of any fees or expenses due to the Senior Secured Notes Trustee under the applicable Senior Secured Notes
Indenture. 
 1.52 Indenture Trustee Fees means the reasonable and documented compensation, fees, expenses,
disbursements, and indemnity claims arising under the Senior Secured Notes Indenture, including attorneys’ and agents’ fees, expenses, and disbursements, incurred under the Senior Secured Notes Indenture by the Senior Secured Notes
Trustee, whether prior to or after the Petition Date. 
 1.53 Intercompany Claim means any Claim (including an
Administrative Claim), cause of action, or remedy held by a Debtor against another Debtor. 
 1.54 Intercompany Interest
means an Interest, other than an Existing Interest, in a Debtor held by another Debtor. 
 1.55 Intercreditor Agreement
means that certain Intercreditor Agreement, dated as of August 23, 2006, by and among The CIT Group/Business Credit, Inc., the Bank of New York, Broadview Networks Holdings, Inc., and certain of its subsidiaries, as amended. 

  
 6 

 1.56 Interest means any equity interest in any Debtor, including an equity security
within the meaning of section 101(16) of the Bankruptcy Code or any option, warrant, or right, contractual or otherwise, to acquire any such interest. 
 1.57 Management Equity Plan means the equity plan established for certain employees of the Reorganized Debtors in the form included in the Plan Supplement. 

1.58 New ABL Agreement means the first priority secured revolving credit agreement between [Reorganized HoldCo, as borrower, each
of the other Reorganized Debtors, as guarantors,] and the lenders that are party thereto, entered into on the Effective Date, in the amount of $[__] million, together with an intercreditor agreement (in a form agreed to between the Required
Consenting Noteholders and the lenders under the New ABL Agreement), any guaranties, and other collateral or ancillary documents; all of which shall be in the form included in the Plan Supplement, which shall be in form and substance reasonably
acceptable to the Required Consenting Noteholders. 
 1.59 New ABL Facility means the revolving credit facility provided
to the Reorganized Debtors pursuant to the New ABL Agreement. 
 1.60 New Board means the board of directors of
Reorganized Broadview on and after the Effective Date. 
 1.61 New Common Stock means the common stock of Reorganized
Broadview, described in Article VI hereof, issued on the Effective Date and distributed in the manner provided by the Plan. 

1.62 New Registration Rights Agreement means the registration rights agreement with respect to the New Senior Secured Notes,
substantially in the form set forth in the Plan Supplement, which shall be in form and substance reasonably acceptable to the Required Consenting Noteholders. 
 1.63 New Senior Secured Notes means the $150 million senior secured notes to be issued by Reorganized Broadview on the Effective Date pursuant to the Plan, on the terms set forth in the New Senior
Secured Notes Indenture, which terms are consistent with the terms set forth in the Plan Term Sheet. 
 1.64 New Senior
Secured Notes Indenture means the indenture for the New Senior Secured Notes, in the form included in the Plan Supplement, which shall be in form and substance acceptable to the Required Consenting Noteholders. 

1.65 New Stockholders Agreement means that certain agreement, filed as part of the Plan Supplement, governing the rights, duties
and obligations of shareholders of Reorganized Broadview, to be dated as of the Effective Date, which shall be in form and substance acceptable to the Required Consenting Noteholders. 

  
 7 

 1.66 New Warrants means the warrants that will be issued to holders of Existing
Preferred Interests to purchase up to (a) 11% of the New Common Stock, on a fully diluted basis (not taking into account any equity securities issued or payments made under the Management Equity Plan); and (b) an additional 4% of the New
Common Stock, on a fully diluted basis (not taking into account any equity securities issued or payments made under the Management Equity Plan), on the terms set forth in the New Warrant Agreement, which terms are consistent with the terms set forth
in the Plan Term Sheet. 
 1.67 New Warrant Agreement means that certain warrant agreement, dated as of the
Effective Date, governing the New Warrants to be issued by Reorganized Broadview, substantially in the form included in the Plan Supplement, which shall be in form and substance reasonably acceptable to the Required Consenting Noteholders.

 1.68 Other Existing Equity Interest means any Interest in a Debtor other than an Existing Preferred Interest or
an Intercompany Interest, including, without limitation, the shares of Series A Common Stock and Series B Common Stock of Broadview Networks Holdings, Inc. issued and outstanding immediately prior to the Effective Date. 

1.69 Other Priority Claim means any Claim entitled to priority pursuant to section 507(a) of the Bankruptcy Code, other
than: (a) an Administrative Claim; (b) a Priority Tax Claim; (c) a Fee Claim; (d) a DIP Claim; or (e) any Claim for “adequate protection” of the security interests of the ABL Lenders or the holders of Senior
Secured Notes authorized pursuant to the terms of the DIP Order. 
 1.70 Other Secured Claim means a Secured Claim
other than a DIP Claim, an ABL Facility Claim, a Senior Secured Notes Claim or an Intercompany Claim. 
 1.71
Person means any individual, corporation, partnership, association, indenture trustee, organization, joint stock company, joint venture, estate, trust, governmental unit or any political subdivision thereof, including, for the avoidance of
doubt, the Creditors’ Committee, if any, Interest holders, current or former employees of the Debtors, or any other entity. 
 1.72 Petition Date means [August         ,] 2012. 
 1.73 Plan means this Joint Prepackaged Plan of Reorganization, dated as of the date set forth on the first page hereof, for the Debtors, together with any amendments or modifications hereto
as the Debtors may file hereafter (such amendments or modifications only being effective if approved by order of the Bankruptcy Court), which shall be in form and substance satisfactory to the Required Consenting Noteholders. 

1.74 Plan Documents means the New Senior Secured Notes Indenture, the New ABL Agreement, the New Stockholders Agreement,
the Management Equity Plan, the New Registration Rights Agreement, the New Warrant Agreement, the list of proposed officers and directors of the Reorganized Debtors, the amended certificates of incorporation of the Reorganized Debtors and the
amended by-laws of the Reorganized Debtors, each in form and substance reasonably satisfactory to the Required Consenting Noteholders, provided, that, the New Senior Secured Notes Indenture shall be substantially in the form attached
to the Disclosure 

  
 8 

 
Statement, with all modifications to such form reasonably satisfactory to the Required Consenting Noteholders, and each Plan Document to be executed, delivered, assumed, and/or performed in
conjunction with the consummation of the Plan on the Effective Date. 
 1.75 Plan Supplement means the supplemental
appendix to the Plan, which contains, among other things, substantially final forms or executed copies, as the case may be, of the Plan Documents. 
 1.76 Plan Term Sheet means that certain term sheet attached as Exhibit A to the Restructuring Support Agreement. 
 1.77 Priority Tax Claim means any Claim entitled to priority pursuant to section 507(a)(8) of the Bankruptcy Code. 
 1.78 Pro Rata means the proportion that a Claim or Interest in a particular Class bears to the aggregate amount of the Claims or Interests in such Class, excluding Disallowed Claims or Disallowed
Interests. 
 1.79 Professional Person means a Person retained by order of the Bankruptcy Court in connection with the
Reorganization Cases, pursuant to section 327, 328, 330 or 1103 of the Bankruptcy Code. 
 1.80 Reinstated or
Reinstatement means (a) leaving unaltered the legal, equitable, and contractual rights to which a Claim entitles the holder of such Claim in accordance with section 1124 of the Bankruptcy Code, or (b) if applicable under section 1124
of the Bankruptcy Code: (i) curing all prepetition and postpetition defaults other than defaults relating to the insolvency or financial condition of the Debtor or its status as a debtor under the Bankruptcy Code; (ii) reinstating the
maturity date of the Claim; (iii) compensating the holder of such Claim for damages incurred as a result of its reasonable reliance on a provision allowing the Claim’s acceleration; and (iv) not otherwise altering the legal, equitable
and contractual rights to which the Claim entitles the holder thereof. 
 1.81 Released Parties means each of, and solely
in its capacity as such: (a) the Debtors; (b) the ABL Agent; (c) the ABL Lenders; (d) the Consenting Noteholders; (e) the Senior Secured Notes Trustee; (f) the Consenting Equity Holders; (g) the DIP Lenders; (h) the DIP
Agent; and (i) with respect to each of the foregoing entities in clauses (a) through (h), such entity’s current affiliates, subsidiaries, officers, directors, principals, members, employees, agents, financial advisors, attorneys,
accountants, investment bankers, consultants, representatives, equityholders, partners and other professionals. 
 1.82
Releasing Party means each of, and solely in its capacity as such, (a) the ABL Agent; (b) the ABL Lenders; (c) the Consenting Noteholders; (d) the Senior Secured Notes Trustee; (e) the Consenting Equity Holders;
(f) the holders of impaired Claims or Interests other than those who (i) have been deemed to reject the Plan, or (ii) abstain from voting or voted to reject the Plan and have also checked the box on the applicable Ballot indicating
that they opt not to grant the releases provided in the Plan; (g) the Creditors’ Committee, if any, and its members 

  
 9 

 
(solely in their capacity as members of the Creditors’ Committee but not in their capacity as individual creditors), advisors and professionals (including any attorneys, financial advisors,
investment bankers and other professionals retained by such persons); (h) the holders of Unimpaired Claims; and (i) with respect to the foregoing entities in clauses (a) through (h), such entity’s current affiliates,
subsidiaries, officers, directors, principals, members, employees, agents, financial advisors, attorneys, accountants, investment bankers, consultants, representatives, equityholders, partners and other professionals. 

1.83 Reorganization Cases means the chapter 11 cases of the Debtors pending before the Bankruptcy Court. 

1.84 Reorganized Debtor means each Debtor on and after the Effective Date. 

1.85 Reorganized Broadview means Broadview Networks Holdings, Inc. on and after the Effective Date. 

1.86 Required Consenting Noteholders means, collectively, Fidelity Management and Research Company, BlackRock Financial
Management, Inc., MSD Credit Opportunity Master Fund, L.P. and Watershed Asset Management, L.L.C., each as a holder, fund manager or account manager, as the case may be. 
 1.87 Restructuring Support Agreement means that certain agreement among the Debtors, certain holders of Existing Preferred Interests and Other Existing Equity Interests and certain holders of
Senior Secured Notes Claims, dated as of July 13, 2012, together with the exhibits and attachments thereto, and as the same may be amended from time to time in accordance with the terms thereof. 

1.88 Restructuring Transaction shall have the meaning ascribed to such term in Section 7.1 of the Plan. 

1.89 Secured Claim means, pursuant to section 506 of the Bankruptcy Code and section 1111 of the Bankruptcy Code, as applicable,
that portion of a Claim that is secured by a valid, perfected and enforceable security interest, lien, mortgage or other encumbrance, that is not subject to avoidance under applicable bankruptcy or non-bankruptcy law, in or upon any right, title or
interest of a Debtor in and to property of such Debtor’s Estate, to the extent of the value of the holder’s interest in such property as of the relevant determination date. The defined term Secured Claim includes any Claim that is a
secured Claim pursuant to sections 506 and 553 of the Bankruptcy Code. 
 1.90 Securities Act means the United States
Securities Act of 1933, as amended. 
 1.91 Senior Secured Notes means those certain $300 million 11 3/8% senior secured notes due September 1, 2012, issued by HoldCo pursuant to the Senior Secured Notes Indenture. 

  
 10 

 1.92 Senior Secured Notes Claim means any Claim derived from or based upon the Senior
Secured Notes. 
 1.93 Senior Secured Notes Equity Distribution means 97.5% of the New Common Stock, prior to dilution by
the Management Equity Plan. 
 1.94 Senior Secured Notes Indenture means that certain Indenture, dated as of
August 23, 2006, among HoldCo, as issuer, the guarantors named thereto, and the Bank of New York as trustee and collateral agent, supplemented as of September 29, 2006, May 14, 2007 and May 31, 2007, together with any
guaranties, collateral or ancillary documents (as amended, modified or supplemented). 
 1.95 Senior Secured Notes
Trustee means The Bank of New York as trustee and collateral agent under the Senior Secured Notes Indenture. 
 1.96
Subordinated Securities Claim means a Claim of the type described in, and subject to subordination pursuant to section 510(b) of the Bankruptcy Code, if any, which Claim is related to an Interest in a Debtor. 

1.97 Unclaimed Property means any Cash or other property unclaimed on or after the Effective Date or date on which a Distribution
would have been made in respect of the relevant Allowed Claim. Unclaimed Property shall include: (a) checks (and the funds represented thereby) and other property mailed to a Distribution Address and returned as undeliverable without a proper
forwarding address; (b) funds for uncashed checks; and (c) checks (and the funds represented thereby), New Common Stock, and New Warrants, not mailed or delivered because no Distribution Address to mail or deliver such property was
available. 
 1.98 United States Trustee means the Office of the United States Trustee for the Southern District of New
York. 
 1.99 Unimpaired means with respect to a Class of Claims or Interests, a Class of Claims or Interests that is not
Impaired. 
 1.100 U.S. Trustee Fees means fees arising under 28 U.S.C. § 1930(a)(6) and accrued interest thereon
arising under 31 U.S.C. § 3717. 
  

	 	B.	Interpretation; Application of Definitions and Rules of Construction. 

 Unless otherwise specified, all section or exhibit references in the Plan are to the respective section in, or exhibit to, the Plan. The words “herein,” “hereof,” “hereto,”
“hereunder,” and other words of similar import refer to the Plan as a whole and not to any particular section, subsection, or clause contained therein. Any capitalized term used herein that is not defined herein shall have the meaning
assigned to that term in the Bankruptcy Code or the Bankruptcy Rules. Except for the rules of construction contained in sections 102(5) of the Bankruptcy Code, which shall not apply, the rules of construction contained in section 102 of the
Bankruptcy Code shall apply to the construction of the Plan. Any reference in the Plan to a 

  
 11 

 
contract, instrument, release, indenture, or other agreement or documents being in a particular form or on particular terms and conditions means that such document shall be substantially in such
form or substantially on such terms and conditions, and any reference in the Plan to an existing document or exhibit filed or to be filed means such document or exhibit as it may have been or may be amended, modified, or supplemented. The headings
in the Plan are for convenience of reference only and shall not limit or otherwise affect the provisions hereof. To the extent there is an inconsistency between any of the provisions of the Plan and any of the provisions contained in the Plan
Documents to be entered into as of the Effective Date, the Plan Documents shall control. 
  

	 	C.	Appendices and Plan Documents. 

 All Plan Documents and appendices to the Plan are incorporated into the Plan by reference and are a part of the Plan as if set forth in full herein. Holders of Claims and Interests may inspect a copy of
the Plan Documents, once filed, in the Office of the Clerk of the Bankruptcy Court during normal business hours, or obtain a copy of the Plan Documents by a written request sent to the following address: 

Willkie Farr & Gallagher LLP 
 787 Seventh Avenue 
 New York, New York 10019 

Attention:       Rachel C. Strickland, Esq. 

   Jennifer J. Hardy, Esq. 
 Telephone:     (212) 728-8000 
 ARTICLE II 

METHOD OF CLASSIFICATION OF CLAIMS 
 AND INTERESTS AND GENERAL PROVISIONS 
 2.1 General Rules of
Classification. 
 Generally, a Claim is classified in a particular Class for voting and distribution purposes only to the
extent the Claim qualifies within the description of that Class, and is classified in another Class or Classes to the extent any remainder of the Claim qualifies within the description of such other Class or Classes. Unless otherwise provided, to
the extent a Claim qualifies for inclusion in a more specifically defined Class and a more generally-defined Class, it shall be included in the more specifically defined Class. 

2.2 Settlement. 
 Pursuant to Bankruptcy Rule 9019, and in consideration for the classification, distribution and other benefits provided under the Plan, the provisions of the Plan shall constitute a good faith compromise
and settlement of all Claims and controversies resolved pursuant to the Plan, including, without limitation, all claims arising prior to the Petition Date, whether known or unknown, foreseen or unforeseen, asserted or unasserted, by or against any
Released Party, or holders of Claims, arising out of, relating to or in connection with the business or affairs of or 

  
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transactions with the Debtors. The entry of the Confirmation Order shall constitute the Bankruptcy Court’s approval of each of the foregoing compromises or settlements, and all other
compromises and settlements provided for in the Plan, and the Bankruptcy Court’s findings shall constitute its determination that such compromises and settlements are in the best interests of the Debtors, the Estates, creditors and other
parties in interest, and are fair, equitable and within the range of reasonableness. The provisions of the Plan, including, without limitation, its release, injunction, exculpation and compromise provisions, are mutually dependent and non-severable.

 2.3 Substantive Consolidation of Debtors for Purposes of Voting, Confirmation and Distribution. 

(a) This Plan provides for substantive consolidation of the Debtors’ Estates, but solely for purposes of voting, confirmation, and
making distributions to the holders of Allowed Claims under this Plan. On the Effective Date, and solely for purposes of voting, confirmation, and making distributions to the holders of Allowed Claims under this Plan: (i) all guarantees of any
Debtor of the payment, performance or collection of another Debtor with respect to Claims against such Debtor shall be eliminated and cancelled; (ii) any single obligation of multiple Debtors shall be treated as a single obligation in the
consolidated Reorganization Cases; and (iii) all guarantees by a Debtor with respect to Claims against one or more of the other Debtors shall be treated as a single obligation in the consolidated Reorganization Cases. On the Effective Date, and
in accordance with the terms of this Plan and the consolidation of the assets and liabilities of the Debtors, all Claims based upon guarantees of collection, payment, or performance made by a Debtor as to the obligation of another Debtor shall be
released and of no further force and effect. Except as set forth in this Section 2.3 of the Plan, such substantive consolidation shall not affect (i) the legal and corporate structure of the Reorganized Debtors, or (ii) any
obligations under any leases or contracts assumed in this Plan or otherwise after the Petition Date. 
 (b) Notwithstanding the
substantive consolidation of the Estates for the purposes set forth in Section 2.3(a) of the Plan, each Reorganized Debtor shall pay all U.S. Trustee Fees on all disbursements, including Distributions and disbursements in and outside of the
ordinary course of business pursuant to Section 2.6 of the Plan. 
 2.4 Administrative, DIP Lender, Fee and Priority Tax
Claims. 
 Administrative Claims, DIP Claims, Fee Claims, U.S. Trustee Fees and Priority Tax Claims have not been classified
and are excluded from the Classes set forth in Article III in accordance with section 1123(a)(1) of the Bankruptcy Code. 

2.5 Deadline for Filing Fee Claims. 
 All proofs or applications for payment of Fee Claims must be filed with the Bankruptcy Court by the date that is forty-five (45) days after the Effective Date (or, if such date is not a Business Day,
by the next Business Day thereafter). Any Person that fails to file such a proof of Claim or application on or before such date shall be forever barred from asserting such Claim against the Debtors, the Reorganized Debtors or their property and
the holder thereof shall be enjoined from commencing or continuing any action, employment of process or act to collect, offset or recover such Claim. 

  
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 Objections to Fee Claims, if any, must be filed and served pursuant to the procedures set
forth in the Confirmation Order no later than sixty-five (65) days after the Effective Date or such other date as established by the Bankruptcy Court. 
 2.6 U.S. Trustee Fees. 
 On the Effective Date or as soon as practicable
thereafter, the Debtors or Reorganized Debtors shall pay all U.S. Trustee Fees that are then due. Any U.S. Trustee Fees due thereafter shall be paid by each of the applicable Reorganized Debtors in the ordinary course until the earlier of the entry
of a final decree closing the applicable Reorganization Case, or a Bankruptcy Court order converting or dismissing the applicable Reorganization Case. Any deadline for filing Administrative Claims or Fee Claims shall not apply to U.S. Trustee Fees.

 2.7 Indenture Trustee Fees. 
 On the Effective Date, the Reorganized Debtors shall pay in Cash the Indenture Trustee Fees, without the need for the Senior Secured Notes Trustee to file a fee application with the Bankruptcy Court;
provided, however, that (a) the Senior Secured Notes Trustee shall provide the Debtors, and counsel to the Required Consenting Noteholders with the invoices for which it seeks payment at least 10 days prior to the Effective Date;
and (b) the Debtors and the Required Consenting Noteholders do not object to the reasonableness of the Indenture Trustee Fees. To the extent that the Debtors or the Required Consenting Noteholders object to the reasonableness of any portion of
the Indenture Trustee Fees, the Reorganized Debtors shall not be required to pay such Disputed portion until either such objection is resolved or a further order of the Bankruptcy Court is entered providing for payment of such Disputed portion.
Notwithstanding anything in the Plan to the contrary, the Indenture Trustee Charging Lien shall be discharged solely upon payment of any fees and expenses due to the Senior Secured Notes Trustee under the Senior Secured Notes Indenture in full and
the termination of the Senior Secured Notes Trustee’s duties under the applicable Senior Secured Notes Indenture. Nothing in the foregoing shall in any way limit, impair, or affect the rights of the Senior Secured Notes Trustee under the Senior
Secured Notes Indenture to the reimbursement of costs, including the reimbursement of the reasonable and documented compensation and expenses, disbursements and advances of the Senior Secured Notes Trustee’s agents, counsel, accountants, and
experts. 

  
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 ARTICLE III 
 CLASSIFICATION OF CLAIMS AND INTERESTS 
 The following table designates the
Classes of Claims and Interests under the Plan and specifies which Classes are (a) Impaired or Unimpaired by this Plan, (b) entitled to vote to accept or reject this Plan in accordance with section 1126 of the Bankruptcy Code, or
(c) deemed to accept or reject this Plan: 
  

							
	 Class
	  	 Designation
	  	Impairment	  	 Entitled to Vote

	Class 1	  	ABL Facility Claims	  	No	  	No (Deemed to accept)
	Class 2	  	Senior Secured Notes Claims	  	Yes	  	Yes
	Class 3	  	Other Secured Claims	  	No	  	No (Deemed to accept)
	Class 4	  	Other Priority Claims	  	No	  	No (Deemed to accept)
	Class 5	  	General Unsecured Claims	  	No	  	No (Deemed to accept)
	Class 6	  	Intercompany Claims	  	No	  	No (Deemed to accept)
	Class 7	  	Intercompany Interests	  	No	  	No (Deemed to accept)
	Class 8	  	Existing Preferred Interests	  	Yes	  	Yes
	Class 9	  	Other Existing Equity Interests	  	Yes	  	No (Deemed to reject)
	Class 10	  	Subordinated Securities Claims	  	Yes	  	No (Deemed to reject)

 Each Allowed Secured Claim in Class 3 shall be considered to be a separate subclass within Class 3, and
each such subclass shall be deemed to be a separate Class for purposes of the Plan. 
 ARTICLE IV 

TREATMENT OF UNIMPAIRED CLASSES 
 4.1 DIP Claims. 
 The DIP Claims shall be deemed to be Allowed Claims under
the Plan. The DIP Claims shall be satisfied in full, by the termination of all commitments under the DIP Facility, payment in full in Cash of all outstanding obligations and cash collateralization, return or backstopping of all letters of credit
issued thereunder. 
 4.2 Administrative Claims. 

Each holder of an Allowed Administrative Claim shall be paid 100% of the unpaid Allowed amount of such Claim in Cash on the Distribution
Date. Notwithstanding the immediately preceding sentence, Allowed Administrative Claims incurred in the ordinary course of business and on ordinary business terms unrelated to the administration of the Reorganization Cases (such as Allowed trade and
vendor Claims) shall be paid, at the Debtors’ or Reorganized Debtors’ option, in accordance with ordinary business terms for payment of such Claims. Notwithstanding the foregoing, the holder of an Allowed Administrative Claim may receive
such other, less favorable treatment as may be agreed upon by the claimant and the Debtors or Reorganized Debtors. 
 4.3
Priority Tax Claims. 
 Except to the extent that a holder of an Allowed Priority Tax Claim agrees to a less favorable
treatment, each holder of an Allowed Priority Tax Claim shall be treated in accordance with the terms set forth in section 1129(a)(9)(C) of the Bankruptcy Code. 

  
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 4.4 Fee Claims. 

A Fee Claim in respect of which a final fee application has been properly filed and served pursuant to Section 2.5 of the Plan shall
be payable by the Reorganized Debtors to the extent approved by a Final Order of the Bankruptcy Court. Prior to the Effective Date, each holder of a Fee Claim shall submit to the Debtors estimates of any Fee Claims that have accrued prior to the
Effective Date that have not been included in a monthly fee statement or interim fee application submitted by such Professional Person (collectively, the “Estimated Fee Claims”). On the Effective Date, the Debtors or
Reorganized Debtors shall reserve and hold in an account Cash in an amount equal to the aggregate amount of each unpaid Estimated Fee Claim as of the Effective Date (minus any unapplied retainers). Such Cash shall be disbursed solely to the holders
of Allowed Fee Claims as soon as reasonably practicable after a Fee Claim becomes an Allowed Claim. Upon payment of Allowed Fee Claims, Cash remaining in such account shall be reserved until all other applicable Allowed Fee Claims have been paid in
full or all remaining applicable Fee Claims have been Disallowed or not otherwise permitted by Final Order, at which time any remaining Cash held in reserve with respect to the Estimated Fee Claims shall become the sole and exclusive property of the
Reorganized Debtors. In the event that the aggregate amount of the Estimated Fee Claims is less than the aggregate amount of the Allowed Fee Claims, the Debtors or the Reorganized Debtors shall nonetheless be required to satisfy each Allowed Fee
Claim in full, in Cash as soon as reasonably practicable after such Fee Claim becomes an Allowed Claim. 
 4.5 ABL Facility
Claims – Class 1.1 

The ABL Facility Claims shall be Allowed in an aggregate amount equal to $[ ]. In full and final satisfaction of each Allowed ABL
Facility Claim, each holder thereof shall be paid in Cash in full on account of such holder’s Allowed ABL Facility Claim. 

4.6 Other Secured Claims – Class 3. 
 Subject to the provisions of sections 502(b)(3) and 506(d) of the Bankruptcy Code, each holder of an Allowed Other Secured Claim shall receive, at the Reorganized Debtors’ option: (a) the
Reinstatement of such Claim; (b) payment in full in Cash of the Allowed amount of such Other Secured Claim; (c) the delivery of the collateral securing any such Other Secured Claim and payment of any interest required under section 506(b)
of the Bankruptcy Code; (d) such other treatment rendering such Other Secured Claim Unimpaired; or (e) such other, less favorable treatment as may be agreed between such holder and the Reorganized Debtors. 

4.7 Other Priority Claims – Class 4. 
 In satisfaction of each Allowed Other Priority Claim, each holder thereof shall receive the following, at the option of the Reorganized Debtors: (a) payment in full in Cash; (b) other treatment
rendering such Other Priority Claim Unimpaired; or (c) such other, less favorable treatment as may be agreed between such holder and the Reorganized Debtors. 

 

	1 	The Debtors expect that any ABL Facility Claims will be paid prior to the Confirmation Date pursuant to the DIP Facility. 

  
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 4.8 General Unsecured Claims – Class 5. 

Each Allowed General Unsecured Claim shall, at the discretion of the Reorganized Debtors, be: (a) Reinstated as of the Effective
Date as an obligation of the Reorganized Debtors, and paid in accordance with the ordinary course terms for such Claim; (b) paid in full in Cash on the relevant Distribution Date; or (c) receive such other treatment as may be agreed
between such holder and the Reorganized Debtors. 
 4.9 Intercompany Claims – Class 6. 

Each Intercompany Claim shall either be Reinstated or cancelled in the Reorganized Debtors’ discretion. 

4.10 Intercompany Interests – Class 7. 
 Intercompany Interests shall either be Reinstated or cancelled in the Reorganized Debtors’ discretion. 
 ARTICLE V 
 TREATMENT OF IMPAIRED CLASSES 

5.1 Senior Secured Notes Claims – Class 2. 
 The Senior Secured Notes Claims shall be deemed Allowed Claims in the amount of $[317.1] million. On the Effective Date, each holder of an Allowed Senior Secured Notes Claim shall receive, in full and
final satisfaction of its Allowed Senior Secured Notes Claims, its Pro Rata share of: 
 (a) the New Senior
Secured Notes issued pursuant to the New Senior Secured Notes Indenture; and 
 (b) the Senior Secured Notes
Equity Distribution. 
 5.2 Existing Preferred Interests – Class 8. 

On the Effective Date, all Existing Preferred Interests shall be cancelled, and each holder of an Allowed Existing Preferred Interest
shall receive, in full and final satisfaction of its Allowed Existing Preferred Interest, its Pro Rata share of: 

(a) the Existing Interest Equity Distribution; and 

(b) the New Warrants. 

  
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 5.3 Other Existing Equity Interests – Class 9. 

On the Effective Date, all Other Existing Equity Interests shall be cancelled, and holders of Other Existing Equity Interests shall
receive no distribution on account of such Interests. 
 5.4 Subordinated Securities Claims – Class 10. 

All Subordinated Securities Claims shall be cancelled, and holders of Subordinated Securities Claims shall receive no distribution on
account of such Claims. 
 ARTICLE VI 
 NEW COMMON STOCK 
 6.1 Authorization and Issuance of New Common Stock.

 As of the Effective Date, Reorganized Broadview shall authorize and issue one class of equity securities consisting of
the New Common Stock, which shall be distributed in accordance with Sections 5.1 and 5.2 and other relevant provisions of the Plan to effectuate the Restructuring Transaction. In addition, as of the Effective Date, Reorganized Broadview shall
authorize such shares of New Common Stock as may be required for the Management Equity Plan and the New Warrant Agreement, in accordance with Sections 5.2, 6.3 and 7.5 of the Plan. 

6.2 New Stockholders Agreement and New Registration Rights Agreement. 

(a) On and as of the Effective Date, Reorganized Broadview shall enter into and deliver the New Stockholders Agreement to
each entity that is intended to be a party thereto and such agreement shall be deemed to be valid, binding and enforceable in accordance with its terms, and each party thereto shall be bound thereby, in each case without the need for execution by
any party thereto other than Reorganized Broadview. 
 (b) On and as of the Effective Date, Reorganized Broadview
shall enter into and deliver the New Registration Rights Agreement to each entity that is intended to be a party thereto and such agreement shall be deemed to be valid, binding and enforceable in accordance with its terms, and each party thereto
shall be bound thereby, in each case without the need for execution by any party thereto other than Reorganized Broadview. 

6.3 New Warrants. 
 On the Effective Date, Reorganized Broadview shall issue New Warrants pursuant to the New Warrant Agreement to the holders of Existing Preferred Interests, in accordance with Sections 5.2 and 7.1 of the
Plan, which New Warrants shall conform to the terms set forth in the Plan Term Sheet. 

  
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 ARTICLE VII 
 MEANS OF IMPLEMENTATION 
 7.1 Restructuring Transaction. 

On or as of the Effective Date, the Distributions provided for under the Plan shall be effectuated pursuant to the following transactions
(collectively, the “Restructuring Transaction”): 
 (a) pursuant to sections 1141(b) and
(c) of the Bankruptcy Code, and except as otherwise provided in the Plan, the property of each Estate shall vest in the applicable Reorganized Debtor, free and clear of all Claims, liens, encumbrances, charges, and other Interests, except as
provided in the Plan, the New Senior Secured Notes Indenture, the New ABL Agreement, the other Plan Documents or the Confirmation Order. The Reorganized Debtors may operate their businesses and may use, acquire, and dispose of property free of any
restrictions of the Bankruptcy Code or the Bankruptcy Rules and in all respects as if there were no pending case under any chapter or provision of the Bankruptcy Code, except as provided herein; 

(b) all Existing Interests shall be deemed cancelled as of the Effective Date. Reorganized Broadview shall issue the New
Common Stock pursuant to the terms of the Plan and enter into the New Stockholders Agreement; 
 (c) Reorganized
Broadview shall issue the New Warrants to holders of Allowed Existing Preferred Interests, pursuant to the terms of Section 5.2 of the Plan, and enter into the New Warrant Agreement; 

(d) the Debtors shall consummate the Plan by (i) making Distributions of the New Common Stock, New Warrants, and
Cash, (ii) issuing the New Senior Secured Notes in accordance with the terms of the Plan, and (iii) entering into the New ABL Agreement, New Senior Secured Notes Indenture and the New Registration Rights Agreement; and 

(e) the releases provided for herein, which are an essential element of the Restructuring Transaction, shall become
effective. 
 7.2 Corporate Action. 
 The Debtors shall continue to exist as the Reorganized Debtors on and after the Effective Date, with all of the powers of corporations or limited liability companies, as the case may be, under applicable
law. The certificates of incorporation or operating agreements, as applicable, of each Reorganized Debtor shall, inter alia, prohibit the issuance of nonvoting stock to the extent required by section 1123(a)(6) of the Bankruptcy Code. The
adoption of any new or amended and restated operating agreements, certificates of incorporation and by-laws of each Reorganized Debtor and the other matters provided for under the Plan involving the corporate or entity structure of the Debtors or
the Reorganized Debtors, as the case may be, or limited liability company or corporate action to be taken by or required of the Debtors or the Reorganized 

  
 19 

 
Debtors, as the case may be, shall be deemed to have occurred and be effective as provided herein and shall be authorized and approved in all respects, without any requirement of further action
by members, stockholders or directors of the Debtors or the Reorganized Debtors, as the case may be. Without limiting the foregoing, the Reorganized Debtors shall be authorized, without any further act or action required, to issue all New Common
Stock and any instruments required to be issued hereunder, to undertake, consummate and execute and deliver any documents relating to the Restructuring Transaction and to undertake any action or execute and deliver any document contemplated under
the Plan. The Confirmation Order shall provide that it establishes conclusive corporate or other authority, and evidence of such corporate or other authority, required for each of the Debtors and the Reorganized Debtors to undertake any and all acts
and actions required to implement or contemplated by the Plan, including without limitation, the specific acts or actions or documents or instruments identified in this Section 7.2, and no board, member or shareholder vote shall be required
with respect thereto. 
 7.3 Effectuating Documents and Further Transactions. 

The Debtors and the Reorganized Debtors shall be authorized to execute, deliver, file, or record such documents, contracts, instruments,
and other agreements and take such other action as may be necessary to effectuate and further evidence the terms and conditions of the Plan, so long as such documents, contracts, instruments and other agreements are consistent with the Plan and the
Restructuring Support Agreement. 
 7.4 Directors of the Reorganized Debtors. 

As of the Effective Date, the New Board shall consist of those certain individuals, the names of which shall be set forth in the Plan
Supplement. The members of the board of directors of each Debtor prior to the Effective Date, in their capacities as such, shall be deemed to have resigned as of the Effective Date, and shall have no continuing obligations to the Reorganized Debtors
on or after the Effective Date. Following the occurrence of the Effective Date, the board of directors of each Reorganized Debtor may be replaced by such individuals as are selected in accordance with the organizational documents of such Reorganized
Debtor. 
 7.5 Management Equity Plan. 
 As of the Effective Date, the Reorganized Debtors shall adopt and implement the Management Equity Plan, substantially in the form set forth in the Plan Supplement. 

7.6 General Distribution Mechanics. 
 (a) Distributions on Account of Allowed Claims Only. Notwithstanding anything herein to the contrary, no Distribution shall be made on account of a Disputed Claim until such Disputed Claim becomes
an Allowed Claim. 
 (b) No Recourse. Except with respect to Claims which are Reinstated, no claimant
shall have recourse to the Reorganized Debtors (or any property thereof), other than with regard to the enforcement of rights or Distributions under the Plan. 

  
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 (c) Method of Cash Distributions. Any Cash payment to be made
pursuant to the Plan will be in U.S. dollars and may be made by draft, check, or wire transfer, in the sole discretion of the Debtors or the Reorganized Debtors, or as otherwise required or provided in any relevant agreement or applicable law.

 (d) Distributions on Non-Business Days. Any payment or Distribution due on a day other than a Business
Day may be made, without interest, on the next Business Day. 
 (e) No Distribution in Excess of Allowed
Amount of Claim. Notwithstanding anything to the contrary herein, no holder of an Allowed Claim shall receive in respect of such Claim any Distribution in excess of the Allowed amount of such Claim. 

(f) Disputed Payments. If any dispute arises as to the identity of a holder of an Allowed Claim who is to receive
any Distribution, the Reorganized Debtors may, in lieu of making such Distribution to such Person, make such Distribution into a segregated account until the disposition thereof shall be determined by Court order or by written agreement among the
interested parties. 
 (g) Delivery of Distributions on Account of Senior Secured Notes Claims.
Distributions on account of Senior Secured Notes Claims shall be made on the Effective Date by the Reorganized Debtors to the Senior Secured Notes Trustee. The Senior Secured Notes Trustee shall act as Distribution Agent and make applicable
Distributions to holders of Senior Secured Notes Claims pursuant to the terms of the Plan. 
 (h) Delivery of
Distributions on Account of Existing Preferred Interests. Distributions on account of Existing Preferred Interests shall be made on the Effective Date, or as soon as practicable thereafter, by the Reorganized Debtors, as Distribution Agent, to
holders of Existing Preferred Interests pursuant to the terms of the Plan. 
 (i) Delivery of Distributions on
Account of DIP Claims and ABL Facility Claims. Distributions on account of DIP Claims and ABL Facility Claims shall be made on the Effective Date by the Reorganized Debtors to the DIP Agent and the ABL Agent, respectively. The DIP Agent and the
ABL Agent shall each act as Distribution Agents and distribute the relevant Distributions to holders of Allowed DIP Claims and Allowed ABL Claims, respectively, pursuant to the terms of the Plan. 

(j) Unclaimed Property. The Reorganized Debtors or applicable Distribution Agent shall hold all Unclaimed Property
(and all interest, dividends, and other distributions thereon), for the benefit of the holders of Claims entitled thereto under the terms of the Plan. At the end of one (1) year following the relevant Distribution Date of particular Cash,
Senior Secured Notes, New Warrants or New Common Stock, the holders of Allowed Claims theretofore entitled to Unclaimed Property held pursuant to this section shall be deemed to have forfeited such property, whereupon all right, title and interest
in and to such property shall immediately and irrevocably revest in the Reorganized Debtors, such holders shall cease to be entitled thereto and: (a) any such Unclaimed Property that is Cash (including Cash interest,

  
 21 

 
maturities, dividends and the like) shall be property of the Reorganized Debtors free of any restrictions thereon; and (b) any Senior Secured Notes, New Warrants or New Common Stock that is
Unclaimed Property shall be cancelled, or, with respect to New Warrants or New Common Stock, held as treasury shares at the Reorganized Debtors’ discretion. The Reorganized Debtors or the applicable Distribution Agent shall have no obligation
to attempt to locate any holder of an Allowed Claim other than by reviewing the Debtors’ books and records, proofs of Claim filed against the Debtors, or relevant registers maintained for such Claims. 

(k) Distribution Minimum. Neither the Reorganized Debtors, nor any applicable Distribution Agent, shall have any
obligation to make a distribution that is less than one (1) share of New Common Stock, one (1) New Warrant, or $20.00 in Cash. 
 7.7 Withholding Taxes. 
 Any federal or state withholding taxes or other
amounts required to be withheld under any applicable law shall be deducted and withheld from any Distributions hereunder. All Persons holding Claims shall be required to provide any information necessary to effect the withholding of such taxes.

 7.8 Exemption from Certain Transfer Taxes. 
 To the fullest extent permitted by applicable law, all sale transactions consummated by the Debtors and approved by the Bankruptcy Court on and after the Confirmation Date through and including the
Effective Date, including the transfers effectuated under the Plan, the sale by the Debtors of any owned property pursuant to section 363(b) or 1123(b)(4) of the Bankruptcy Code, any assumption, assignment, and/or sale by the Debtors of their
interests in unexpired leases of non-residential real property or executory contracts pursuant to section 365(a) of the Bankruptcy Code, and the creation, modification, consolidation or recording of any mortgage pursuant to the terms of the Plan,
the New ABL Agreement or the New Senior Secured Notes Indenture or ancillary documents, shall constitute a “transfer under a plan” within the purview of section 1146 of the Bankruptcy Code, and shall not be subject to any stamp, real
estate transfer, mortgage recording, or other similar tax. 
 7.9 Exemption from Securities Laws. 

The issuance of New Common Stock, New Warrants and New Senior Secured Notes pursuant to the Plan (including the New Common Stock issued
under the Management Equity Plan) shall be exempt from any securities laws registration requirements to the fullest extent permitted by section 1145 of the Bankruptcy Code. 
 7.10 Setoffs and Recoupments. 
 Each Reorganized Debtor, or such
entity’s designee as instructed by such Reorganized Debtor, may, pursuant to section 553 of the Bankruptcy Code or applicable non-bankruptcy law, set off and/or recoup against any Allowed Claim, and the distributions to be made pursuant to the
Plan on account of such Allowed Claim, any and all claims, rights and causes of action that a Reorganized Debtor or its successors may hold against the holder of such 

  
 22 

 
Allowed Claim after the Effective Date; provided, however, that neither the failure to effect a setoff or recoupment nor the allowance of any Claim hereunder will constitute a
waiver or release by a Reorganized Debtor or its successor of any and all claims, rights and causes of action that a Reorganized Debtor or its successor may possess against such holder. 

7.11 Insurance Preservation and Proceeds. 
 Nothing in the Plan, including any releases, shall diminish or impair the enforceability of any policies of insurance that may cover claims against the Debtors or any other Person. 

7.12 Solicitation of Debtors. 
 Notwithstanding anything to the contrary herein, each Debtor that would otherwise be entitled to vote to accept or reject this Plan as a holder of a Claim against or Interest in another Debtor shall not
be solicited for voting purposes, and such Debtor will be deemed to have voted to accept this Plan. 
 ARTICLE VIII

 EFFECT OF THE PLAN ON CLAIMS AND INTERESTS 

8.1 Discharge. 
 (a) Scope. Except as otherwise provided in the Plan or Confirmation Order, in accordance with section 1141(d)(1) of the Bankruptcy Code, entry of the Confirmation Order acts as a discharge,
effective as of the Effective Date, of all debts of, Claims against, liens on, and Interests in the Debtors, their assets or properties, which debts, Claims, liens, and Interests arose at any time before the entry of the Confirmation Order. The
discharge of the Debtors shall be effective as to each Claim, regardless of whether a proof of claim therefor was filed, whether the Claim is an Allowed Claim or whether the holder thereof votes to accept the Plan. On the Effective Date, as to every
discharged Claim and Interest, any holder of such Claim or Interest shall be precluded from asserting against the Debtors, the Reorganized Debtors or the assets or properties of any of them, any other or further Claim or Interest based upon any
document, instrument, act, omission, transaction or other activity of any kind or nature that occurred before the Confirmation Date. 
 (b) Injunction. In accordance with section 524 of the Bankruptcy Code, the discharge provided by this section and section 1141 of the Bankruptcy Code, inter alia, acts as an injunction
against the commencement or continuation of any action, employment of process or act to collect, offset or recover the Claims, liens and Interests discharged hereby. 

(c) Release of Liens. Unless a particular Claim is Reinstated: (i) each holder of a Secured Claim or a Claim
that is purportedly secured (including an Other Secured Claim) shall, on or immediately before the Effective Date (or, in the case of Other Secured Claims treated pursuant to Section 4.6(c) of the Plan, on or prior to the date of the return of
the relevant collateral) and as a condition to receiving any Distribution hereunder: (A) turn over and 

  
 23 

 
release to the Debtors, or the Reorganized Debtors, as applicable, any and all property of the Debtors or the Estates that secures or purportedly secures such Claim; and (B) execute such
documents and instruments as the Debtors or the Reorganized Debtors require to evidence such claimant’s release of such property; and (ii) on the Effective Date (or such other date described in this subsection), all claims, right, title
and interest in such property shall revert to the Reorganized Debtors free and clear of all Claims and Interests, including (without limitation) liens, charges, pledges, encumbrances and/or security interests of any kind. All liens of the holders of
such Claims or Interests in property of the Debtors, the Estates, and/or the Reorganized Debtors shall be deemed to be canceled and released as of the Effective Date (or such other date described in this subsection). Notwithstanding the immediately
preceding sentence, any such holder of a Disputed Claim shall not be required to execute and deliver such release of liens until ten (10) days after such Claim becomes an Allowed Claim or is Disallowed. To the extent any holder of a Claim
described in the first sentence of this subsection fails to release the relevant liens as described above, the Reorganized Debtors may act as attorney-in-fact, on behalf of the holders of such liens, to provide any releases as may be required by any
lender under the New ABL Facility or New Senior Secured Notes Indenture or for any other purpose. 
 (d)
Cancellation of Stock/ Instruments. The Existing Interests, the ABL Facility, the DIP Facility, the Senior Secured Notes (each including any related credit agreement, indenture, security and guaranty agreements, interest rate agreements and
commodity hedging agreements) and any other note, bond, indenture or other instrument or document evidencing or creating any indebtedness or obligation of the Debtors are not required to be surrendered and shall be deemed cancelled on the Effective
Date provided, however, the Senior Secured Notes Indenture shall continue in effect solely for purposes of (i) allowing the Senior Secured Notes Trustee to make the Distributions to be made on account of the Senior Secured Notes,
and (ii) permitting the Senior Secured Notes Trustee to assert its Indenture Trustee Charging Lien against such Distributions under the Plan for payment of the Indenture Trustee Fees. 

8.2 Vesting and Retention of Causes of Action. 

(a) Except as otherwise provided in the Plan (including, but not limited to, Section 8.4 of the Plan), on the
Effective Date all property comprising the Estates (including, subject to any release provided for herein, any claim, right or cause of action which may be asserted by or on behalf of the Debtors, whether relating to the avoidance of preferences or
fraudulent transfers under sections 544, 547, 548, 549 and/or 550 of the Bankruptcy Code or otherwise) shall be vested in the Reorganized Debtors free and clear of all Claims, liens, charges, encumbrances and interests of creditors and equity
security holders, except for the rights to Distribution afforded to holders of certain Claims under the Plan. After the Effective Date, the Reorganized Debtors shall have no liability to holders of Claims and Interests other than as provided for in
the Plan. As of the Effective Date, the Reorganized Debtors may operate each of their respective businesses and use, acquire and settle and compromise claims or interests without supervision of the Bankruptcy Court, free of any restrictions of the
Bankruptcy Code or Bankruptcy Rules, other than those restrictions expressly imposed by the Plan and Confirmation Order. 

  
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 (b) Except as otherwise provided in the Plan, or in any contract,
instrument, release or other agreement entered into in connection with the Plan or by order of the Bankruptcy Court, in accordance with section 1123(b) of the Bankruptcy Code, the Reorganized Debtors shall retain and may enforce any claims, rights
and causes of action that the Debtors or the Estates may hold. The Reorganized Debtors or any successor thereto may pursue those claims, rights and causes of action in accordance with what is in its best interests and in accordance with its
fiduciary duties. 
 8.3 Survival of Certain Indemnification Obligations. 

The obligations of the Debtors to indemnify individuals who serve or served on or after the Petition Date as their respective directors,
officers, agents, employees, representatives, and Professional Persons retained by the Debtors pursuant to the Debtors’ operating agreements, certificates of incorporation, by-laws, applicable statutes and preconfirmation agreements in respect
of all present and future actions, suits and proceedings against any of such officers, directors, agents, employees, representatives, and Professional Persons retained by the Debtors, based upon any act or omission related to service with, for, or
on behalf of the Debtors on or before the Effective Date, as such obligations were in effect at the time of any such act or omission, shall not be expanded, discharged or impaired by confirmation or consummation of the Plan but shall survive
unaffected by the reorganization contemplated by the Plan and shall be performed and honored by the Reorganized Debtors regardless of such confirmation, consummation and reorganization, and regardless of whether the underlying claims for which
indemnification is sought are released pursuant to the Plan. 
 8.4 Release of Claims. 

(a) Satisfaction of Claims and Interests. The treatment to be provided for respective Allowed Claims or Interests
pursuant to the Plan shall be in full and final satisfaction, settlement, release and discharge of such respective Claims or Interests. 
 (b) Debtor Releases. Except as otherwise expressly set forth in the Plan or the Confirmation Order, as of the Effective Date, for the good and valuable consideration provided by each of the
Released Parties, the adequacy of which is hereby confirmed, including good faith settlement and compromise of the claims released herein and the services of the Debtors’ current officers, directors, managers and advisors in facilitation of the
expeditious implementation of the transactions contemplated hereby, each Debtor and debtor in possession, and any person seeking to exercise the rights of the Debtors’ estates, including without limitation, the Reorganized Debtors, any
successor to the Debtors, or any representative of the Debtors’ estates appointed or selected pursuant to sections 1103, 1104, or 1123(b)(3) of the Bankruptcy Code or under chapter 7 of the Bankruptcy Code, shall be deemed to conclusively,
absolutely, unconditionally, irrevocably and forever release, waive and discharge and shall be deemed to have provided a full discharge and release to each Released Party and their respective property (and each such Released Party so released shall
be deemed fully released and discharged by each Debtor, debtor in possession, and any person seeking to exercise the rights of the Debtors’ estates, including without limitation, the Reorganized Debtors, any successor to the Debtors, or any
representative of the Debtors’ estates appointed or selected 

  
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pursuant to sections 1103, 1104, or 1123(b)(3) of the Bankruptcy Code or under chapter 7 of the Bankruptcy Code) all claims (as such term “claim” is defined in section 101(5) of the
Bankruptcy Code), obligations, debts, suits, judgments, damages, demands, rights, causes of action, remedies and liabilities whatsoever, (other than all rights, remedies and privileges to enforce the Plan, the Plan Supplement and the contracts,
instruments, releases, indentures and other agreements or documents (including, without limitation, the Plan Documents) delivered thereunder) whether liquidated or unliquidated, fixed or contingent, matured or unmatured, known or unknown, foreseen
or unforeseen, existing or hereafter arising, in law, equity or otherwise that are based on, related to, or in any manner arising from, in whole or in part, any act, omission, transaction, event or other occurrence taking place on or prior to the
Effective Date in any way relating to the Debtors, the Reorganized Debtors, the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is treated in the Plan, the business or contractual arrangements between any
Debtor and any Released Party, the restructuring of Claims or Interests prior to or in the Reorganization Cases, the parties released pursuant to this Section 8.4(b), the Reorganization Cases, the Plan or the Disclosure Statement, or any
related contracts, instruments, releases, agreements and documents, or upon any other act or omission, transaction, agreement, event or other occurrence taking place on or before the Effective Date , and that could have been asserted by or on behalf
of the Debtors, the debtors in possession or their Estates, or any of their affiliates, whether directly, indirectly, derivatively or in any representative or any other capacity, individually or collectively, in their own right or on behalf of the
holder of any Claim or Interest or other entity, against any Released Party; provided, however, that in no event shall anything in this Section 8.4(b) be construed as a release of any (i) Intercompany Claim or
(ii) Person’s fraud, gross negligence, or willful misconduct, as determined by a Final Order, for matters with respect to the Debtors. 
 (c) Releases by Holders of Claims and Interests. Except as expressly set forth in the Plan or the Confirmation Order, on the Effective Date, to the fullest extent permissible under applicable
law, as such law may be extended or interpreted subsequent to the Effective Date, each Releasing Party (regardless of whether such Releasing Party is a Released Party), in consideration for the obligations of the Debtors and the other Released
Parties under the Plan, the Distributions provided for under the Plan, and the contracts, instruments, releases, agreements or documents executed and delivered in connection with the Plan and the Restructuring Transaction, will be deemed to have
consented to the Plan for all purposes and the restructuring embodied herein and deemed to conclusively, absolutely, unconditionally, irrevocably and forever release, waive and discharge (and each entity so released shall be deemed released and
discharged by the Releasing Parties) all claims (as such term “claim” is defined in section 101(5) of the Bankruptcy Code), obligations, debts, suits, judgments, damages, demands, rights, causes of action, remedies or liabilities
whatsoever, including all derivative claims asserted or which could be asserted on behalf of a Debtor (other than all rights, remedies and privileges of any party under the Plan, and the Plan Supplement and the contracts, instruments, releases,
agreements and documents (including, without limitation, the Plan Documents) delivered under or in connection with the Plan), including, without limitation, any claims for any such loss such holder may suffer, have suffered or be alleged to suffer
as a result of the Debtors commencing the Reorganization Cases or as a result of the Plan being consummated, whether liquidated or unliquidated, fixed or contingent, matured or unmatured, 

  
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known or unknown, foreseen or unforeseen, then existing or thereafter arising, in law, equity or otherwise that are based on, related to, or in any manner arising from, in whole or in part,
any act or omission, transaction, event or other occurrence taking place on or prior to the Effective Date in any way relating to the Debtors, the Reorganized Debtors, the Reorganization Cases, the purchase or sale or rescission of the purchase or
sale of any security of the Debtors or the Reorganized Debtors, the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is treated in the Plan, the business or contractual arrangements between any Debtor and
any Releasing Party, the restructuring of Claims or Interests prior to or in the Reorganization Cases, the Plan or the Disclosure Statement or any related contracts, instruments, releases, agreements and documents, or upon any other act or omission,
transaction, agreement, event or other occurrence taking place on or before the Effective Date, against any Released Party and its respective property; provided, however, that in no event shall anything in this Section 8.4(c) be
construed as a release of any (i) Intercompany Claim or (ii) Person’s fraud, gross negligence, or willful misconduct, as determined by a Final Order, for matters with respect to the Debtors. 

Entry of the Confirmation Order will constitute the Bankruptcy Court’s approval, pursuant to section 363 of the
Bankruptcy Code and Bankruptcy Rule 9019, of the releases in Sections 8.4(b) and (c), which includes by reference each of the related provisions and definitions contained herein, and further, will constitute the Bankruptcy Court’s finding that
such releases are (i) in exchange for the good and valuable consideration provided by the Debtors and the other Released Parties, representing good faith settlement and compromise of the claims released herein, (ii) in the best interests
of the Debtors and all holders of Claims and Interests, (iii) fair, equitable, and reasonable, (iv) approved after due notice and opportunity for hearing, and (v) a bar to any of the Releasing Parties asserting any claim or cause of
action released by the Releasing Parties against any of the Debtors and the other Released Parties or their respective property. 
 Notwithstanding anything to the contrary contained herein, with respect to a Released Party that is a non-Debtor, nothing in the Plan or the Confirmation Order shall effect a release of any claim by
the United States government or any of its agencies whatsoever, including without limitation, any claim arising under the Internal Revenue Code, the environmental laws or any criminal laws of the United States against such Released Party, nor shall
anything in the Confirmation Order or the Plan enjoin the United States from bringing any claim, suit, action or other proceeding against such Released Party for any liability whatever, including without limitation, any claim, suit or action arising
under the Internal Revenue Code, the environmental laws or any criminal laws of the United States, nor shall anything in the Confirmation Order or the Plan exculpate any non-Debtor party from any liability to the United States Government or any of
its agencies, including any liabilities arising under the Internal Revenue Code, the environmental laws or any criminal laws of the United States against such Released Party. 

Notwithstanding anything to the contrary contained herein, except to the extent permissible under applicable law, as
such law may be extended or interpreted subsequent to the Effective Date, except with respect to a Released Party that is a Debtor, nothing in the Confirmation Order or the Plan shall effect a release of any claim by any state or local authority

  
 27 

 
whatsoever, including without limitation, any claim arising under the environmental laws or any criminal laws of any state or local authority against any Released Party that is a non-Debtor,
nor shall anything in the Confirmation Order or the Plan enjoin any state or local authority from bringing any claim, suit, action or other proceeding against any Released Party that is a non-Debtor for any liability whatever, including without
limitation, any claim, suit or action arising under the environmental laws or any criminal laws of any state or local authority, nor shall anything in the Confirmation Order or the Plan exculpate any party from any liability to any state or local
authority whatsoever, including any liabilities arising under the environmental laws or any criminal laws of any state or local authority against any Released Party that is a non-Debtor. 

As to the United States, its agencies, departments or agents, nothing in the Plan or Confirmation Order shall
discharge, release, or otherwise preclude: (i) any liability of the Debtors or Reorganized Debtors arising on or after the Effective Date; or (ii) any valid right of setoff or recoupment. Furthermore, nothing in the Plan or the
Confirmation Order: (A) discharges, releases, or precludes any environmental liability that is not a claim (as that term is defined in the Bankruptcy Code), or any environmental claim (as the term “claim” is defined in the Bankruptcy
Code) of a governmental unit that arises on or after the Effective Date; (B) releases the Debtors or the Reorganized Debtors from any non-dischargeable liability under environmental law as the owner or operator of property that such persons own
or operate after the Effective Date; (C) releases or precludes any environmental liability to a governmental unit on the part of any Persons other than the Debtors and Reorganized Debtors; or (D) enjoins a governmental unit from asserting
or enforcing outside this Court any liability described in this paragraph. 
 (d) Injunction.
Except as otherwise provided in the Plan or the Confirmation Order, as of the Confirmation Date, but subject to the occurrence of the Effective Date, all Persons who have held, hold or may hold Claims against or Interests in the Debtors or the
Estates are, with respect to any such Claims or Interests, permanently enjoined after the Confirmation Date from: (i) commencing, conducting or continuing in any manner, directly or indirectly, any suit, action or other proceeding of any kind
(including, without limitation, any proceeding in a judicial, arbitral, administrative or other forum) against or affecting the Debtors, the Reorganized Debtors, the Estates or any of their property, or any direct or indirect transferee of any
property of, or direct or indirect successor in interest to, any of the foregoing Persons or any property of any such transferee or successor; (ii) enforcing, levying, attaching (including, without limitation, any pre-judgment attachment),
collecting or otherwise recovering by any manner or means, whether directly or indirectly, any judgment, award, decree or order against the Debtors, the Reorganized Debtors, or the Estates or any of their property, or any direct or indirect
transferee of any property of, or direct or indirect successor in interest to, any of the foregoing Persons, or any property of any such transferee or successor; (iii) creating, perfecting or otherwise enforcing in any manner, directly or
indirectly, any encumbrance of any kind against the Debtors, the Reorganized Debtors, or the Estates or any of their property, or any direct or indirect transferee of any property of, or successor in interest to, any of the foregoing Persons;
(iv) acting or proceeding in any manner, in any place whatsoever, that does not conform to or comply with the provisions of the Plan to the full extent permitted by applicable law; (v) asserting any right of setoff, subrogation or
recoupment of any kind against 

  
 28 

 
any obligation due from the Debtors, the Reorganized Debtors, the Estates or any of their property, or any direct or indirect transferee of any property of, or successor in interest to, any of
the foregoing Persons; (vi) commencing or continuing, in any manner or in any place, any action that does not comply with or is inconsistent with the provisions of the Plan; provided, further, that the Releasing Parties are, with
respect to Claims or Interests held by such parties, permanently enjoined after the Confirmation Date from taking any actions referred to in clauses (i) through (vi) above against the Released Parties or any direct or indirect transferee
of any property of, or direct or indirect successor in interest to, any of the Released Parties or any property of any such transferee or successor; provided, however, that nothing contained herein shall preclude any Person from
exercising its rights, or obtaining benefits, directly and expressly provided to such entity pursuant to and consistent with the terms of the Plan, the Plan Supplement and the contracts, instruments, releases, agreements and documents delivered in
connection with the Plan. 
 All Persons releasing claims pursuant to Section 8.4(b) or (c) of
the Plan shall be permanently enjoined, from and after the Confirmation Date, from taking any actions referred to in clauses (i) through (v) of the immediately preceding paragraph against any party with respect to any claim released
pursuant to Section 8.4(b) or (c). 
 (e) Exculpation. None of the Released Parties shall have
or incur any liability to any holder of any Claim or Interest for any prepetition or postpetition act or omission in connection with, or arising out of the Debtors’ restructuring, including without limitation, the negotiation and execution of
the Plan, the Plan Documents, the Reorganization Cases, the Disclosure Statement, the dissemination of the Plan, the solicitation of votes for and the pursuit of the Plan, the consummation of the Plan, or the administration of the Plan or the
property (including without limitation the New Common Stock, the New Senior Secured Notes, and any other security offered, issued or distributed in connection with the Plan) to be distributed under the Plan, including, without limitation, all
documents ancillary thereto, all decisions, actions, inactions and alleged negligence or misconduct relating thereto and all prepetition or postpetition activities taken or omission in connection with the Plan or the restructuring of the Debtors
except fraud, gross negligence or willful misconduct, each as determined by a Final Order. The Released Parties shall be entitled to rely upon the advice of counsel with respect to their duties and responsibilities under the Plan; provided,
however, solely to the extent that it would contravene Rule 1.8(h)(1) of the New York Rules of Professional Conduct or any similar ethical rule of another jurisdiction, if binding on an attorney of a Released Party, no attorney of any
Released Party shall be released by the Debtors or the Reorganized Debtors. 
 (f) Injunction Related to
Exculpation. The Confirmation Order shall permanently enjoin the commencement or prosecution by any person or entity, whether directly, derivatively or otherwise, of any Claims, obligations, suits, judgments, damages, demands, debts, rights,
Causes of Action or liabilities released pursuant to Section 8.4(e) of the Plan. 
 (g) Exclusive
Jurisdiction. The Bankruptcy Court (and the United States District Court for the Southern District of New York) shall retain exclusive jurisdiction to adjudicate any and all claims or causes or action (i) against any Released Party,
(ii) relating to the Debtors, the Plan, the Distributions, the New Common Stock, the Reorganization Cases, the 

  
 29 

 
Restructuring Transaction, or any contract, instrument, release, agreement or document executed and delivered in connection with the Plan and the Restructuring Transaction, and (iii) brought
by the Debtors (or any successor thereto) or any holder of a Claim or Interest. 
 8.5 Objections to Claims and Interests.

 Unless otherwise ordered by the Bankruptcy Court, objections to Claims shall be filed and served on the applicable holder
of such Claim not later than 120 days after the later to occur of: (a) the Effective Date; and (b) the filing of the relevant Claim. Notwithstanding any authority to the contrary, an objection to a Claim shall be deemed properly served on
the claimant if the objecting party effects service in any of the following manners: (x) in accordance with Federal Rule of Civil Procedure 4, as modified and made applicable by Bankruptcy Rule 7004; (y) by first class mail, postage
prepaid, on the signatory on the proof of claim as well as all other representatives identified in the proof of claim or any attachment thereto; or (z) by first class mail, postage prepaid, on any counsel that has appeared on the
claimant’s behalf in the Reorganization Cases (so long as such appearance has not been subsequently withdrawn). 
 After
the Confirmation Date, only the Reorganized Debtors shall have the authority to file, settle, compromise, withdraw, or litigate to judgment objections to Claims. From and after the Effective Date, the Reorganized Debtors may settle or compromise any
Disputed Claim without Bankruptcy Court approval. Any Claims filed after any Bar Date, if applicable, shall be deemed Disallowed and expunged in their entirety without further order of the Bankruptcy Court or any action being required on the part of
the Debtors or the Reorganized Debtors, unless the Person or entity wishing to file such untimely Claim has received prior Bankruptcy Court authority to do so. 
 8.6 Amendments to Claims. 
 After the Confirmation Date, a Claim for which
an applicable Bar Date, if any, has passed may not be filed or amended without the authorization of the Bankruptcy Court. Unless otherwise provided herein, or otherwise consented to by the Debtors or Reorganized Debtors, any Claim or amendment to a
Claim, which Claim or amendment is filed after the Confirmation Date, shall be deemed Disallowed in full and expunged without any action by the Debtors or Reorganized Debtors, unless the holder of such Claim has obtained prior Bankruptcy Court
authorization for such filing. 
 8.7 Estimation of Claims. 

Any Debtor, Reorganized Debtor or holder of a Claim may request that the Bankruptcy Court estimate any Claim pursuant to section 502(c)
of the Bankruptcy Code for purposes of determining the Allowed amount of such Claim regardless of whether any Person has previously objected to such Claim or whether the Bankruptcy Court has ruled on any such objection, and the Bankruptcy Court
shall retain jurisdiction to estimate any Claim for purposes of determining the allowed amount of such Claim at any time. In the event that the Bankruptcy Court estimates any contingent or unliquidated Claim for allowance purposes, that estimated
amount will constitute either the Allowed amount of such Claim or a maximum limitation on 

  
 30 

 
such Claim, as determined by the Bankruptcy Court. If the estimated amount constitutes a maximum limitation on such Claim, any objecting party may elect to pursue any supplemental proceedings to
object to any ultimate payment on such Claim. All of the objection, estimation, settlement, and resolution procedures set forth in the Plan are cumulative and not necessarily exclusive of one another. 

ARTICLE IX 

EXECUTORY CONTRACTS 
 9.1 Executory Contracts and Unexpired Leases. 
 (a) On the
Effective Date, all executory contracts and unexpired leases of the Debtors and/or the Estates shall be assumed by the Debtors and assigned to the Reorganized Debtors pursuant to the provisions of sections 365 and 1123 of the Bankruptcy Code,
except: (i) any executory contracts and unexpired leases that are the subject of separate rejection motions filed pursuant to section 365 of the Bankruptcy Code by the Debtors before the entry of the Confirmation Order; and (ii) any
executory contract or unexpired lease that is the subject of a Cure Dispute pursuant to Section 9.2 of the Plan and for which the Debtors or Reorganized Debtors, as the case may be, makes a motion to reject such contract or lease based upon the
existence of such Cure Dispute filed at any time. 
 (b) Subject to subsection (a) above and
Section 9.2 below, the Confirmation Order shall constitute an order of the Bankruptcy Court approving the assumption or rejection, as applicable, of executory contracts and unexpired leases the assumption or rejection of which is provided for
in Section 9.1(a) of the Plan pursuant to sections 365 and 1123 of the Bankruptcy Code and such assumption or rejection shall be deemed effective as of the Effective Date. 

9.2 Cure. 
 (a) At the election of the Reorganized Debtors, any monetary defaults under each executory contract and unexpired lease to be assumed under the Plan shall be satisfied pursuant to section 365(b)(1) of the
Bankruptcy Code, in one of the following ways: (i) by payment of the default amount (the “Cure Amount”) in Cash on or as soon as reasonably practicable after the later to occur of (A) thirty (30) days after the
determination of the Cure Amount and (B) the Effective Date or such other date as may be set by the Bankruptcy Court; or (ii) on such other terms as agreed to by the Debtors or Reorganized Debtors and the non-Debtor party to such executory
contract or unexpired lease. 
 (b) In the event of a dispute (each, a “Cure Dispute”)
regarding: (i) the Cure Amount; (ii) the ability of the Debtors to provide “adequate assurance of future performance” (within the meaning of section 365 of the Bankruptcy Code) under the contract or lease to be assumed; or
(iii) any other matter pertaining to the assumption of an executory contract or unexpired lease, the cure payment required by section 365(b)(1) of the Bankruptcy Code shall be made only following the entry of a Final Order resolving the Cure
Dispute and approving the assumption of such executory contract or unexpired lease. If a Cure Dispute 

  
 31 

 
relates solely to the Cure Amount, the applicable Debtor may assume and/or assume and assign the subject contract or lease prior to resolution of the Cure Dispute, provided that the Debtors
reserve Cash in an amount sufficient to pay the full amount asserted by the non-Debtor party to the subject contract (or such other amount as may be fixed or estimated by the Bankruptcy Court). Such reserve may be in the form of a book entry and
evergreen in nature. The Debtors or Reorganized Debtors shall have the right at any time to move to reject any executory contract or unexpired lease based on the existence of a Cure Dispute. 

ARTICLE X 

CONDITIONS PRECEDENT TO 
 CONFIRMATION AND CONSUMMATION OF THE PLAN 
 10.1 Conditions Precedent to
Confirmation. 
 Confirmation of the Plan is subject to: 

(a) entry of the Confirmation Order, which shall be in form and substance reasonably satisfactory to the Debtors and the
Required Consenting Noteholders; and 
 (b) the Plan Documents having been filed in substantially final form
prior to the Confirmation Hearing, which Plan Documents shall be in form and substance reasonably satisfactory to the Debtors and the Required Consenting Noteholders, provided, that, the New Senior Secured Notes Indenture shall be
substantially in the form attached to the Disclosure Statement, with all modifications to such form reasonably satisfactory to the Required Consenting Noteholders. 
 10.2 Conditions to the Effective Date. 
 It shall be a condition to the
Effective Date of the Plan that the following conditions shall have been satisfied or waived pursuant to the provisions of Article X hereof: 
 (a) the Confirmation Order in form and substance reasonably satisfactory to the Required Consenting Noteholders shall have been entered and shall have become a Final Order; 

(b) the certificates of incorporation and by-laws of the Reorganized Debtors in form and substance satisfactory to the
Required Consenting Noteholders shall have been amended or created as provided in the Plan; 
 (c) the New Board
shall have been appointed; 
 (d) the Debtors shall have received all authorizations, consents, regulatory
approvals, rulings or documents that are necessary to implement and effectuate the Plan; 
 (e) the New ABL
Agreement and the New Senior Secured Notes Indenture, including all ancillary documents, opinions of counsel and closing certificates, in form and substance reasonably satisfactory to the Required Consenting Noteholders, shall have been executed and
delivered; 

  
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 (f) the Debtors shall have, or shall have received pursuant to the New ABL
Facility, the requisite funding to make any Distributions required under the Plan to be made in Cash; and 
 (g)
all other Plan Documents in form and substance reasonably satisfactory to the Required Consenting Noteholders required to be executed and delivered on or prior to the Effective Date shall have been executed and delivered, and, to the extent
required, filed with the applicable governmental units in accordance with applicable laws, and shall be consistent in all respects with the Plan; and 
 (h) all of the reasonable, actual and documented fees and expenses of the Required Consenting Noteholders, including, but not limited to, the fees and expenses of Dechert LLP, their legal counsel, and FTI
Consulting, Inc., their financial advisors, in accordance with the terms of the existing fee arrangements between such advisors and the Debtors, shall have been paid in full. 
 10.3 Waiver of Conditions Precedent. 
 Other than the requirement that the
Confirmation Order must be entered, which cannot be waived, the requirement that a particular condition be satisfied may be waived in whole or part by the Debtors, with the consent of the Required Consenting Noteholders (which consent shall not be
unreasonably withheld or delayed), without notice and a hearing, and the Debtors’ benefits under the “mootness doctrine” shall be unaffected by any provision hereof. The failure to satisfy or waive any condition may be asserted by the
Debtors regardless of the circumstances giving rise to the failure of such condition to be satisfied (including, without limitation, any act, action, failure to act or inaction by the Debtors). The failure of the Debtors to assert the
non-satisfaction of any such conditions shall not be deemed a waiver of any other rights hereunder, and each such right shall be deemed an ongoing right that may be asserted or waived (as set forth herein) at any time or from time to time.

 10.4 Effect of Non-Occurrence of the Conditions to Consummation. 

If each of the conditions to confirmation and consummation of the Plan and the occurrence of the Effective Date has not been satisfied or
duly waived on or before the first Business Day that is more than sixty (60) days after the Confirmation Date, or by such later date as is proposed by the Debtors and is reasonably approved by the Required Consenting Noteholders and, after
notice and a hearing, by the Bankruptcy Court, upon motion by any party in interest made before the time that each of the conditions has been satisfied or duly waived, the Confirmation Order may be vacated by the Bankruptcy Court; provided,
however, that notwithstanding the filing of such a motion, the Confirmation Order shall not be vacated if each of the conditions to consummation is either satisfied or duly waived before the Bankruptcy Court enters an order granting the
relief requested in such motion. If the Confirmation Order is vacated pursuant to this section, the Plan shall be null and void in all respects, and nothing contained in 

  
 33 

 
the Plan shall: (a) constitute a waiver or release of any Claims against or Interests in the Debtors; or (b) prejudice in any manner the rights of the Debtors, including (without
limitation) the right to seek a further extension of the exclusive periods to file and solicit votes with respect to a plan under section 1121(d) of their Bankruptcy Code. 
 10.5 Withdrawal of the Plan. 
 Subject to the reasonable consent of the
Required Consenting Noteholders, which consent shall not be unreasonably withheld or delayed, the Debtors reserve the right to modify or revoke and withdraw the Plan at any time before the Confirmation Date or, if the Debtors are for any reason
unable to consummate the Plan after the Confirmation Date, at any time up to the Effective Date. If the Debtors revoke and withdraw the Plan: (a) nothing contained herein shall be deemed to constitute a waiver or release of any claims by or
against the Debtors or to prejudice in any manner the rights of the Debtors or any Persons in any further proceeding involving the Debtors; and (b) the result shall be the same as if the Confirmation Order were not entered, the Plan was not
filed and no actions were taken to effectuate it. 
 10.6 Cramdown. 

Because certain Classes are deemed to have rejected the Plan, the Debtors will request confirmation of the Plan, as it may be modified
from time to time, under section 1129(b) of the Bankruptcy Code. The Debtors reserve the right to alter, amend, modify, revoke or withdraw the Plan in order to satisfy the requirements of section 1129(b) of the Bankruptcy Code, if necessary.

 ARTICLE XI 
 ADMINISTRATIVE PROVISIONS 
 11.1 Retention of Jurisdiction.

 (a) Purposes. Notwithstanding confirmation of the Plan or occurrence of the Effective Date, the
Bankruptcy Court shall retain such jurisdiction as is legally permissible, including, without limitation, for the following purposes: 
 (i) to determine the allowability, classification, or priority of Claims upon objection by the Reorganized Debtors or any other party in interest entitled hereunder to file an objection (including the
resolution of disputes regarding any Disputed Claims and claims for disputed Distributions), and the validity, extent, priority and nonavoidability of consensual and nonconsensual liens and other encumbrances; 

(ii) to issue injunctions or take such other actions or make such other orders as may be necessary or appropriate to
restrain interference with the Plan or its execution or implementation by any Person, to construe and to take any other action to enforce and execute the Plan, the Confirmation Order, or any other order of the Bankruptcy Court, to issue such orders
as may be necessary for the implementation, execution, performance and consummation of the Plan and all matters referred to herein, and to determine all matters that may be pending before the Bankruptcy Court in the Reorganization Cases on or before
the Effective Date with respect to any Person; 

  
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 (iii) to protect the property of the Estates from claims against, or
interference with, such property, including actions to quiet or otherwise clear title to such property or to resolve any dispute concerning liens, security interest or encumbrances on any property of the Estate; 

(iv) to determine any and all applications for allowance of Fee Claims; 

(v) to determine any Priority Tax Claims, Other Priority Claims, Administrative Claims or any other request for payment of
claims or expenses entitled to priority under section 507(a) of the Bankruptcy Code; 
 (vi) to resolve any
dispute arising under or related to the implementation, execution, consummation or interpretation of the Plan and the making of Distributions hereunder; 
 (vii) to determine any and all motions related to the rejection, assumption or assignment of executory contracts or unexpired leases, to determine any motion to reject an executory contract or unexpired
lease pursuant to Section 9.1(a) of the Plan or to resolve any disputes relating to the appropriate cure amount or other issues related to the assumption of executory contracts or unexpired leases in the Reorganization Cases; 

(viii) to determine all applications, motions, adversary proceedings, contested matters, actions, and any other litigated
matters instituted in and prior to the closing of the Reorganization Cases, including any remands; 
 (ix) to
enter a Final Order closing the Reorganization Cases; 
 (x) to modify the Plan under section 1127 of the
Bankruptcy Code, remedy any defect, cure any omission, or reconcile any inconsistency in the Plan or the Confirmation Order so as to carry out its intent and purposes; 

(xi) to issue such orders in aid of consummation of the Plan and the Confirmation Order notwithstanding any otherwise
applicable non-bankruptcy law, with respect to any Person, to the full extent authorized by the Bankruptcy Code; 

(xii) to enable the Reorganized Debtors to prosecute any and all proceedings to set aside liens or encumbrances and to
recover any transfers, assets, properties or damages to which the Debtors may be entitled under applicable provisions of the Bankruptcy Code or any other federal, state or local laws except as may be waived pursuant to the Plan; 

(xiii) to determine any tax liability pursuant to section 505 of the Bankruptcy Code; 

  
 35 

 (xiv) to enter and implement such orders as may be appropriate in the event
the Confirmation Order is for any reason stayed, revoked, modified or vacated; 
 (xv) to resolve any disputes
concerning whether a Person had sufficient notice of the Reorganization Cases, any applicable Bar Date, the hearing to consider approval of the Disclosure Statement or the Confirmation Hearing or for any other purpose; 

(xvi) to resolve any dispute or matter arising under or in connection with any order of the Bankruptcy Court entered in
the Reorganization Cases; 
 (xvii) to hear and resolve any causes of action involving the Debtors, the
Reorganized Debtors or the Estates that arose prior to the Confirmation Date or in connection with the implementation of the Plan, including actions to avoid or recover preferential transfers or fraudulent conveyances; 

(xviii) to resolve any disputes concerning any release of a nondebtor hereunder or the injunction against acts, employment
of process or actions against such nondebtor arising hereunder; 
 (xix) to approve any Distributions, or
objections thereto, under the Plan; 
 (xx) to approve any Claims settlement entered into or offset exercised by
the Debtors or Reorganized Debtors; and 
 (xxi) to determine such other matters, and for such other purposes, as
may be provided in the Confirmation Order, or as may be authorized under provisions of the Bankruptcy Code; 
 provided, however,
notwithstanding anything to the contrary in the Plan or the Confirmation Order, after the Effective Date, the Bankruptcy Court’s retention of jurisdiction shall not govern the enforcement of the loan documentation executed in connection with
the New ABL Agreement or the New Senior Secured Notes Indenture, any of the documentation related thereto or any other document in the Plan Supplement that has a choice of venue provision, which provision shall govern exclusively. 

(b) Failure of the Bankruptcy Court to Exercise Jurisdiction. If the Bankruptcy Court abstains from exercising, or
declines to exercise, jurisdiction or is otherwise without jurisdiction over any matter arising in, arising under, or related to the Reorganization Cases, then Section 11.1(a) of the Plan shall have no effect upon and shall not control,
prohibit, or limit the exercise of jurisdiction by any other court having jurisdiction with respect to such matter. 
 11.2
Governing Law. 
 Except to the extent the Bankruptcy Code, Bankruptcy Rules, or other federal laws apply and except for
Reinstated Claims governed by another jurisdiction’s law, the rights and obligations arising under the Plan shall be governed by the laws of the State of New York, without giving effect to principles of conflicts of law. 

  
 36 

 11.3 Time. 
 In computing any period of time prescribed or allowed by the Plan, unless otherwise set forth herein or determined by the Bankruptcy Court, the provisions of Bankruptcy Rule 9006 shall apply. 

11.4 Retiree Benefits. 
 On and after the Effective Date, pursuant to section 1129(a)(13) of the Bankruptcy Code, the Reorganized Debtors shall continue to pay all retiree benefits (within the meaning of, and subject to the
limitations of, section 1114 of the Bankruptcy Code), if any, at the level established in accordance with section 1114 of the Bankruptcy Code, at any time prior to the Confirmation Date, for the duration of the period for which the Debtors had
obligated themselves to provide such benefits. Nothing herein shall: (a) restrict the Debtors’ or the Reorganized Debtors’ right to modify the terms and conditions of the retiree benefits, if any, as otherwise permitted pursuant to
the terms of the applicable plans, non-bankruptcy law, or section 1114(m) of the Bankruptcy Code; or (b) be construed as an admission that any such retiree benefits are owed by the Debtors. 

11.5 Amendments. 
 (a) Preconfirmation Amendment. The Debtors may modify the Plan at any time prior to the entry of the Confirmation Order provided that the Plan, as modified, and the disclosure statement pertaining
thereto meet applicable Bankruptcy Code requirements and each such modification is reasonably satisfactory to the Required Consenting Noteholders. 
 (b) Postconfirmation Amendment Not Requiring Resolicitation. After the entry of the Confirmation Order, the Debtors may modify the Plan to remedy any defect or omission or to reconcile any
inconsistencies in the Plan or in the Confirmation Order, as may be necessary to carry out the purposes and effects of the Plan, provided that the Debtors obtain approval of the Bankruptcy Court for such modification, after notice and a
hearing, and each such modification is reasonably satisfactory to the Required Consenting Noteholders. Any waiver under Section 10.3 hereof shall not be considered to be a modification of the Plan. 

(c) Postconfirmation/Preconsummation Amendment Requiring Resolicitation. After the Confirmation Date and before
substantial consummation of the Plan, the Debtors may modify the Plan in a way that materially and adversely affects the interests, rights, treatment, or Distributions of a Class of Claims or Interests, provided that: (i) the Plan, as
modified, meets applicable Bankruptcy Code requirements; (ii) the Debtors obtain Court approval for such modification, after notice and a hearing; (iii) such modification is accepted by the holders of at least two-thirds in amount, and
more than one-half in number, of Allowed Claims or Interests voting in each Class affected by such modification; and (iv) the Debtors comply with section 1125 of the Bankruptcy Code with respect to the Plan as modified. 

  
 37 

 11.6 Successors and Assigns. 

The rights, benefits, and obligations of any Person named or referred to in the Plan shall be binding upon, and shall inure to the
benefit of, the heirs, executors, administrators, successors and/or assigns of such Person. 
 11.7 Confirmation Order and
Plan Control. 
 To the extent the Plan is inconsistent with the Disclosure Statement or any other agreement entered into
between the Debtors and any party, the Plan controls the Disclosure Statement and any other such agreements. To the extent that the Plan is inconsistent with the Confirmation Order, the Confirmation Order (and any other orders of the Bankruptcy
Court) control the Plan. 
 11.8 Creditors’ Committee. 

As of the Effective Date, the duties of the Creditors’ Committee, if any, shall terminate, except with respect to the pursuit of or
objection to any Fee Claims. 
 11.9 Termination of Professionals. 

On the Effective Date, the engagement of each Professional Person retained by the Debtors and the Creditors’ Committee shall be
terminated without further order of the Bankruptcy Court or act of the parties; provided, however, (a) such Professional Persons shall be entitled to prosecute their respective Fee Claims and represent their respective
constituents with respect to applications for payment of such Fee Claims, and (b) nothing herein shall prevent the Reorganized Debtors from retaining any such Professional Person on or after the Effective Date, which retention shall not require
Bankruptcy Court approval. 
 11.10 Hart-Scott-Rodino Antitrust Improvements Act. 

Any New Common Stock to be distributed under the Plan to an entity required to file a Premerger Notification and Report Form under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or any similar state laws or regulations, shall not be distributed until the notification and waiting periods applicable under such Act to such entity shall have expired or been
terminated. In the event any applicable notification and waiting periods do not expire without objection, the Debtors or their agent shall, in their sole discretion, be entitled to sell such entity’s shares of New Common Stock that were to be
distributed under the Plan to such entity, and thereafter shall distribute the proceeds of the sale to such entity. 

  
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 11.11 Notices. 

All notices or requests in connection with the Plan shall be in writing and will be deemed to have been given when received by mail and
addressed to: 
 (a) if to the Debtors: 
 Broadview Networks Holdings, Inc. 
 800 Westchester Avenue 

Rye Brook, New York 10573 
 Attention: Charles C. Hunter, Esq. 
 with copies to: 

Willkie Farr & Gallagher LLP 
 787 Seventh Avenue 
 New York, New York 10019 

Attention: Rachel C. Strickland, Esq. 
                    Jennifer J. Hardy, Esq. 

Telecopy: (212) 728-8111 
 E-mail:     rstrickland@willkie.com 

                 jhardy2@willkie.com 

 

	 	(b)	if to the Required Consenting Noteholders: 

 Dechert LLP 
 1095 Avenue of the Americas 

New York, New York 10036 
 Attention: Michael J. Sage, Esq. 

                   Michael H.M. Brown,
Esq. 
 Telecopy: (212) 698-3599 
 E-mail:     michael.sage@dechert.com 

                 michael.brown@dechert.com

  

	 	(c)	if to the DIP Agent or the ABL Agent: 

 [    ] 
 with copies to: 

[    ] 

  
 39 

 11.12 Reservation of Rights. 

Except as expressly set forth herein, the Plan shall have no force or effect unless and until the Bankruptcy Court enters the
Confirmation Order. None of the filing of the Plan, any statement or provision contained herein, or the taking of any action by the Debtors with respect to the Plan shall be or shall be deemed to be, an admission or waiver of any rights of the
Debtors with respect to any Claims or Interests prior to the Effective Date. 
 Dated:
                 , 2012 
 New York, New York

  

			
	Respectfully submitted,
	
	 BROADVIEW NETWORKS HOLDINGS, INC.,
 a Delaware corporation, on behalf of itself and its subsidiaries

		
	By:	 	 
		 	Name:
		 	Title:

  
 40

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