Document:

EX-4.29

 Exhibit 4.29 
  

 
 DTE ELECTRIC COMPANY 

formerly known as 
 The Detroit
Edison Company 
 AND 
 THE BANK
OF NEW YORK MELLON TRUST COMPANY, N.A., 
 TRUSTEE 
  

 

             SUPPLEMENTAL INDENTURE 

DATED AS OF                      

 
  

SUPPLEMENTING THE COLLATERAL TRUST INDENTURE 

DATED AS OF JUNE 30,1993 

PROVIDING FOR 
 SERIES
     %                      DUE 
  

 

 SUPPLEMENTAL INDENTURE, dated as of the      day of
             between DTE ELECTRIC COMPANY, formerly known as The Detroit Edison Company, a corporation organized and existing under the laws of the State of Michigan (the
“Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association organized under the laws of the United States of America, having a corporate trust office in the City of Detroit, Michigan, as successor
trustee (the “Trustee”); 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee a Collateral Trust Indenture
dated as of June 30, 1993 (the “Original Indenture”), as supplemented providing for the issuance by the Company from time to time of its debt securities; and 

WHEREAS, the Company now desires to provide for the issuance of an additional series of its unsecured, [senior] [subordinated] debt securities
pursuant to the Original Indenture; and 
 WHEREAS, the Company, in the exercise of the power and authority conferred upon and reserved to
it under the provisions of the Original Indenture, including Section 1001 thereof, and pursuant to appropriate resolutions of the Board of Directors, has duly determined to make, execute and deliver to the Trustee this
                     Supplemental Indenture to the Original Indenture as permitted by Sections 201 and 301 of the Original Indenture in order to
establish the form or terms of, and to provide for the creation and issue of, a series of its debt securities under the Original Indenture, which shall be known as the          Series     
%              due         ; and 

WHEREAS, all things necessary to make such debt securities, when executed by the Company and authenticated and delivered by the Trustee or any
Authenticating Agent and issued upon the terms and subject to the conditions hereinafter and in the Original Indenture set forth against payment therefor, the valid, binding and legal obligations of the Company and to make this
                     Supplemental Indenture a valid, binding and legal agreement of the Company, have been done; 

NOW, THEREFORE, THIS                     
SUPPLEMENTAL INDENTURE WITNESSETH that, in order to establish the terms of a series of debt securities, and for and in consideration of the premises and of the covenants contained in the Original Indenture and in this
                     Supplemental Indenture and for other good and valuable consideration the receipt and sufficiency of which are hereby
acknowledged, it is mutually covenanted and agreed as follows: 
 ARTICLE ONE 

DEFINITIONS AND OTHER 
 PROVISIONS
OF GENERAL APPLICATION 
 SECTION 101. Definitions. Each capitalized term that is used herein and is defined in the Original
Indenture shall have the meaning specified in the Original Indenture unless such term is otherwise defined herein. 
 “Business
Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions located in the State of Michigan or in the state in which the principal corporate trust office of the Trustee is located, are
authorized or obligated by or pursuant to law or executive order to close. 

  
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 [“Capital Stock” means any and all shares of the Company’s Preferred Stock,
Preference Stock or Common Stock or any other equity securities of the Company.] 
 [“Payment Obligation,” when used with respect
to Senior Indebtedness, means an obligation stated in an agreement, instrument or lease to pay money (whether for principal, premium, interest, sinking fund, periodic rent, stipulated value, termination value, liquidated damages or otherwise), but
excluding an obligation to pay money in respect of fees of, or as payment or reimbursement for expenses incurred by or on behalf of, or as indemnity for losses, damages, taxes or other indemnity claims of any kind owed to, any holder of Senior
Indebtedness or other party to such agreement, instrument or lease.] 
 [“Senior Indebtedness” means each of the following,
whether outstanding on the date hereof or hereafter created, incurred or assumed: 
 (a)(i) any Payment Obligation of the Company in respect
of any indebtedness, directly or indirectly, created, incurred or assumed for borrowed money other than (A) [list of subordinated debt securities outstanding] each of which has been expressly deemed by its terms to be subordinate or (ii) in
connection with the acquisition of any business, property or asset (including securities), other than any account payable or other indebtedness created, incurred or assumed in the ordinary course of business in connection with the obtaining of
materials or services; 
 (b) any Payment Obligation of the Company in respect of any lease that would, in accordance with generally
accepted accounting principles, be required to be classified and accounted for as a capital lease; 
 (c) any Payment Obligation of the
Company in respect of any interest rate exchange agreement, currency exchange agreement or similar agreement that provides for payment (whether or not contingent) over a period or term (including any renewals or extensions) longer than one year from
the execution thereof; 
 (d) any Payment Obligation of the Company in respect of any agreement relating to the acquisition (including a
sale and buyback) or lease (including a sale and leaseback) of real or personal property that provides for payment (whether or not contingent) over a period or term (including any renewals or extensions) longer than one year from the execution
thereof; 
 (e) any Payment Obligation of any Subsidiary or of others of the kind described in the preceding clauses (a) through (d) assumed
or guaranteed by the Company or for which the Company is otherwise responsible or liable; and 
 (f) any amendment, renewal, extension or
refunding of any Payment Obligation described in the preceding subparagraphs (a) through (e); unless in the agreement, instrument or lease in which any such Payment Obligation is stated it is expressly provided that such Payment Obligation is not
senior in right of payment to the                     .] 

  
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 [“Tax Event” means that the Company shall have received an opinion of counsel (which
may be counsel to the Company or an affiliate but not an employee thereof) experienced in such matters to the effect that, as a result of any amendment to, or change (including any announced prospective change), in the laws (or any regulations
thereunder) of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or as a result of any official administrative pronouncement or judicial decision interpreting or applying such laws or
regulations, which amendment or change is effective or such pronouncement or decision is announced on or after the date of original issuance of the
                    , there is more than an insubstantial risk that interest payable by the Company on the
                     is not, or will not be, deductible by the Company for federal income tax purposes.] 

SECTION 102. Section References. Each reference to a particular section set forth in this
                     Supplemental Indenture shall, unless the context otherwise requires, refer to this
                     Supplemental Indenture. 

ARTICLE TWO 
 TITLE AND TERMS OF
THE 
 SECTION 201. Title of the
                    . This                     
Supplemental Indenture hereby establishes a series of                     , which shall be known as the Company’s
         Series      %                      due
             (referred to herein as the “                    ”). For purposes
of the Original Indenture, the                      shall constitute a single series of Securities. The stated maturity of the
                     will be
                    . 
 SECTION
202. Variations from the Original Indenture. (a) Notwithstanding the provisions of the Original Indenture, the                      shall
be without benefit of any security [and shall be subordinated to Senior Indebtedness as and to the extent provided in Article Four of this Supplemental Indenture]. [The
                     shall not have the benefit of the provisions of Article Four of the Original Indenture and shall not have the benefit of, or be
subject to, the other related provisions of the Original Indenture relating to the grant of security, including (for avoidance of doubt and not for purposes of limitation) the Granting Clause, the definitions of “Deliverable Mortgage
Bonds,” “Deliverable Securities,” “Designated Mortgage Bonds,” “Grant,” “Mortgage,” “Mortgage Bonds,” “Mortgage Trustee,” “Previously Delivered Mortgage Bonds,” and
“Trust Estate,” Section 301 (20), Sections 301 (a) (v), (ix), (x) and (xi), Sections 301 (b) (ii) and (iii), Section 301 (d), and Sections 601(4) and (8)]. 

(b) Section 503 of the Original Indenture shall apply to the Notes. The following shall be an additional condition to defeasance of the
Notes under Section 503: the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from the Internal Revenue Service a letter ruling, or there has been published by the Internal Revenue Service a
Revenue Ruling, or (ii) since the date of execution of this Supplemental Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders
of such Outstanding Notes appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such defeasance had not occurred, and, also, to the effect that, after the 123rd day after the date of deposit, all money and other property as provided
pursuant to Section 503 of the Original Indenture (including the 

  
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proceeds thereof) deposited or caused to be deposited with the Trustee (or other qualifying trustee) pursuant to Section 503 of the Original Indenture to be held in trust will not be subject to
any case or proceeding (whether voluntary or involuntary) in respect of the Company under any Federal or State bankruptcy, insolvency, reorganization or other similar law, or any decree or order for relief in respect of the Company issued in
connection therewith. 
 SECTION 203. Amount and Denominations; DTC. (a) The aggregate principal amount of
                     that may be issued under this
                     Supplemental Indenture is limited to $        . The
                     shall be issuable only in fully registered form and, as permitted by Sections 301 and 302 of the Original Indenture, in
denominations of $         and integral multiples thereof. The                      will initially be issued
under a book-entry system, registered in the name of The Depository Trust Company, as depository (“DTC”), or its nominee, who is hereby designated as “U.S. Depository” under the Original Indenture. 

(b) Further to Section 305 of the Original Indenture, any Global Note shall be exchangeable for Notes registered in the name of, and a
transfer of a Global Note of any series may be registered to, any Person other than the Depository for such Note or its nominee only if (i) such Depository notifies the Company that it is unwilling or unable to continue as Depository for such Global
Note or if at any time such Depository ceases to be a clearing agency registered under the Exchange Act, and, in either such case, the Company does not appoint a successor Depository within 90 days thereafter, (ii) the Company executes and delivers
to the Trustee a Company Order that such Global Note shall be so exchangeable and the transfer thereof so registrable or (iii) there shall have occurred and be continuing an Event of Default or an event which, with the giving of notice or lapse of
time, or both, would constitute an Event of Default with respect to the Notes of such series. Upon the occurrence in respect of any Global Note of any series of any or more of the conditions specified in clause (i), (ii) or (iii) of the
preceding sentence, such Global Note may be exchanged for Notes registered in the name of, and the transfer of such Global Note may be registered to, such Persons (including Persons other than the Depository with respect to such series and its
nominees) as such Depository, in the case of an exchange, and the Company, in the case of a transfer, shall direct. 
 SECTION
204. Interest Rate and Interest Payment Dates. (a) The                      will bear interest at the rate of     % per
annum from the date of original issuance until the principal thereof becomes due and payable, and on any overdue principal and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest
at the same rate per annum during such overdue period. Interest on the                      will be payable
                     [(subject to deferral as set forth herein)] in arrears on
                     and                      of
each year (each an “Interest Payment Date”), commencing                     , to the persons in whose names the
                     are registered at the close of business on the relevant record date for such interest installment, which will be
                     [Business] Day(s) prior to the relevant Interest Payment Date [or, in the case of a Deferral Period (as described herein), one
Business Day prior to the Interest Payment Date for such Deferral Period] (each a “Record Date”); provided, however, that, in the event that any Interest Payment Date shall not be a Business Day, then interest shall be payable on the next
day that is a Business Day (but without interest or other payment in respect of such delay), [except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day without
reduction in amount due to such early payment (and in which case the relevant Record Date shall be on the Business Day immediately preceding such Interest Payment Date),] in each case with the same force and effect as if made on such Interest
Payment Date, [subject to certain rights of deferral described in Section 204(b) hereof]. 

  
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 [The amount of interest payable in any period will be computed on the basis of twelve 30-day
months and a 360-day year and, for any period shorter than a full [quarterly] interest period, will be computed on the basis of the actual number of days elapsed in such period.] 

[(b) The provisions of Section 204(a) notwithstanding, the Company shall have the right at any time, on one or more occasions so long as an
Event of Default with respect to the                      has not occurred and is not continuing, to extend any interest payment period on the
                     for a period (a “Deferral Period”) not to exceed 20 consecutive quarterly interest payment periods; provided that the
date on which such Deferral Period ends must be an Interest Payment Date and must be no later than                      or any date on which any
                     are fixed for redemption. The quarterly interest payments on the
                     so deferred will continue to accrue with interest thereon at the rate of interest of the
                     during such Deferral Period. On the Interest Payment Date at the end of the Deferral Period, the Company shall pay all
interest then accrued and unpaid, which shall be compounded quarterly at the rate of interest on the (except to the extent prohibited by law) to the date of payment, to the persons in whose names the
                     are registered on the Record Date for such Deferral Period. The Company shall give the Holders of the
                     notice of its election to defer interest payments or to extend the Deferral Period ten Business Days prior to the earlier of (1)
the next scheduled quarterly payment date and (2) the date the Company is required to give notice of the record date of such related interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to the Holders
of the                     , but in any event not less than two Business Days prior to such record date. During the Deferral Period the Company
shall not declare or pay any dividend on or redeem, purchase, acquire or make a liquidation payment with respect to, any of its Capital Stock or make any guaranty payment with respect to the foregoing, other than redemptions of any series of Capital
Stock of the Company pursuant to the terms of any sinking fund provisions with respect thereto. During any Deferral Period, the Company may not (i) make any distributions, loans or guarantees for the benefit of, (ii) purchase, defease, redeem
or otherwise acquire or retire for value any securities of or (iii) make any other investment in, any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, for the purpose of, or to
enable the payment of, directly or indirectly, dividends on any equity securities of DTE Electric Company and its successors or assigns. During any Deferral Period, the Company may continue to extend the interest payment period by extending the
Deferral Period, on one or more occasions, by notice given as aforesaid in this paragraph (b), provided that such Deferral Period, as so extended, must end on an Interest Payment Date and in no event shall the aggregate Deferral Period, as extended,
exceed 20 consecutive quarterly interest payment periods or extend beyond                      or any date on which
                     are fixed for redemption. No interest shall be due and payable during a Deferral Period except at the end thereof.] 

SECTION 205. Optional Redemption of
                    . Other than in accordance with Section 206 below, the
                     shall not be redeemable prior to
                    . Thereafter, upon notice given by mailing the same, postage prepaid, at least 30 days and not more than 60 days prior to
the date fixed for redemption, any or all of the                      may be redeemed by the Company, at its option, at any time and from time to
time, at a redemption price equal to [100% of the principal amount of the                     ] [other redemption price] to be redeemed plus accrued
and unpaid interest thereon to the date fixed for redemption. 

  
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 [SECTION 206. Tax Event Redemption of
                    . If a Tax Event has occurred and is continuing, the Company has the right, within 90 days following the occurrence of such
Tax Event, to redeem the                     , in whole but not in part, at a redemption price equal to the aggregate principal amount of the
                     plus accrued and unpaid interest to the date of redemption.] 

SECTION 207. Form of
                    . Attached hereto as Exhibit A is a form of the
                    . 
 [ARTICLE THREE

 ADDITIONAL EVENTS OF DEFAULT AND COVENANTS 

SECTION 301. Inapplicability of Certain Events of Default. The Events of Default set forth in Sections 601(4) and 601(8) of the
Original Indenture shall not apply to the                     . The omission by the Company to pay interest on the
                     during a Deferral Period as permitted by Section 204 shall not constitute an Event of Default under Section 601 (1) of the
Original Indenture.] 
 [ARTICLE FOUR 

SUBORDINATION OF                  

SECTION 401. Subordinate to Senior Indebtedness. The Company for itself, its successors and assigns, covenants and agrees, and each
Holder of                      issued, whether upon original issue or upon transfer or assignment thereof, by its acceptance thereof likewise
covenants and agrees, that the payment of principal of and interest on each and all of the                      is hereby expressly subordinated, to
the extent and in the manner hereinafter in this Article set forth, in right of payment to the prior payment in full of all Existing and future Senior Indebtedness of the Company. 

SECTION 402. Payments to Securityholders. (a) Upon (i) any acceleration of the principal amount due on the
                     or (ii) any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities,
to creditors upon any dissolution or winding-up or total or partial liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all principal, premium, if any, and
interest, if any, due upon all Senior Indebtedness shall first be paid in full, or payment thereof provided for in money or money’s worth in accordance with its terms, before any payment is made on account of the principal of or interest on the
indebtedness evidenced by the                     , and upon any such dissolution or winding-up or liquidation or reorganization any payment or
distribution of assets of the Company of any kind or character, whether in cash, property or securities, to which the Holders of the
                     under the terms of this
                     Supplemental Indenture would be entitled, except for the provisions hereof, shall (subject to the power of a court of competent
jurisdiction to make other equitable provision reflecting the rights conferred by the provisions hereof upon the Senior Indebtedness and the holders thereof with respect to the
                     and the Holders thereof by a lawful plan of reorganization under applicable bankruptcy law), be paid by the Company or any
receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment or 

  
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distribution, or by the Holders of the                      if received by them, directly to
the holders of Senior Indebtedness (pro rata to each such holder on the basis of the respective amounts of Senior Indebtedness held by such holder) or their representatives, to the extent necessary to pay all Senior Indebtedness (including interest
thereon) in full, in money or money’s worth, in accordance with its terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness, before any payment or distribution is made to the Holders of
the indebtedness evidenced by the                     . The consolidation of the Company with, or a merger of the Company into, another Person
or the liquidation or dissolution of the Company following the conveyance or transfer of its property as an entirety, or substantially as an entirety, to another Person upon the terms and conditions provided in Section 901 of the Original Indenture
shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section 402(a). 
 (b) In the event
that any payment or distribution of assets of the Company of any kind or character not permitted by Section 402(a), whether in cash, property or securities, shall be received by the Trustee or the Holders of
                     before all Senior Indebtedness is paid in full, or provision made for such payment, in accordance with its terms, upon written
notice to the Trustee or, as the case may be, such Holder, such payment or distribution shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of such Senior Indebtedness or their representative or
representatives, or to the Trustee or trustees under any indenture pursuant to which any instruments evidencing any of such Senior Indebtedness may have been issued, as their respective interests may appear, for application to the payment of all
Senior Indebtedness remaining unpaid to the extent necessary to pay all such Senior Indebtedness in full in accordance with its terms, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness. Nothing
in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 706 of the Original Indenture. In addition, nothing in this Article shall prevent the Company from making or the Trustee from receiving or applying
any payment in connection with the redemption of the if the first publication of notice of such redemption (whether by mail or otherwise in accordance with this
                     Supplemental Indenture) has been made, and the Trustee has received such payment from the Company, prior to the occurrence of
any of the contingencies specified in this Section 402. 
 (c) No payment on account of principal of or interest on the
                     shall be made unless full payment of amounts then due for principal, premium, if any, sinking funds and interest on any Senior
Indebtedness has been made or duly provided for in money or money’s worth in accordance with the terms of such Senior Indebtedness. No payment on account of principal or interest on the shall be made if, at the time of such payment or
immediately after giving effect thereto, (i) there shall exist a default in the payment of principal, premium, if any, sinking fund or interest with respect to any Senior Indebtedness, or (ii) there shall have occurred an event of default (other
than a default in the payment of principal, premium, if any, sinking funds or interest) with respect to any Senior Indebtedness, as defined therein or in the instrument under which the same is outstanding, permitting the holders thereof to
accelerate the maturity thereof and upon written notice thereof given to the Trustee, with a copy to the Company (the delivery of which shall not affect the validity of the notice to the Trustee), and such event of default shall not have been cured
or waived or shall not have ceased to exist; provided, however, that if the holders of the Senior Indebtedness to which the default relates have not declared such Senior Indebtedness to be immediately due and payable within 180 days after the
occurrence of such default (or have declared such Senior Indebtedness to be immediately due and payable and within such period have rescinded such declaration of acceleration), then the Company shall

  
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resume making any and all required payments in respect of the                      (including
any missed payments). Only one payment blockage period under the immediately preceding sentence may be commenced within any consecutive 365-day period with respect to the
                     of any series. No event of default which existed or was continuing on the date of the commencement of any 180-day payment
blockage period with respect to the Senior Indebtedness initiating such payment blockage period shall be, or be made, the basis for the commencement of a second payment blockage period by a registered holder or representative of such Senior
Indebtedness whether or not within a period of 365 consecutive days unless such event of default shall have been cured or waived for a period of not less than 90 consecutive days (and, in the case of any such waiver, no payment shall be made by the
Company to the holders of Senior Indebtedness in connection with such waiver other than amounts due pursuant to the terms of the Senior Indebtedness as in effect at the time of such default). 

SECTION 403. Subrogation to Rights of Holders of Senior Indebtedness. From and after the payment in full of all Senior Indebtedness,
the Holders of the                      (together with the holders of any other indebtedness of the Company which is subordinate in right of payment
to the payment in full of all Senior Indebtedness, which is not subordinate in right of payment to the                      and which by its terms
grants such right of subrogation to the holder thereof) shall be subrogated to the rights of the holders of Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable to the Senior Indebtedness until
the                      shall be paid in full, and, for the purposes of such subrogation, no such payments or distributions to the holders of Senior
Indebtedness of assets or securities, which otherwise would have been payable or distributable to Holders of the                     , shall, as
between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the                     , be deemed to be a
payment by the Company to or on account of the Senior Indebtedness, it being understood that the provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the
                    , on the one hand, and the holders of the Senior Indebtedness, on the other hand, and nothing contained herein is intended to or
shall impair as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the                     , the
obligation of the Company, which is unconditional and absolute, to pay to the Holders of the                      the principal of and interest on
the                      as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the
Holders of the                      and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or
therein prevent the Trustee or the Holders of                      from exercising all remedies otherwise permitted by applicable law upon default
hereunder with respect to the                      subject to the rights of the holders of Senior Indebtedness, under Section 402, to receive
cash, property or securities of the Company otherwise payable or deliverable to the Trustee or the Holders of the                      or to a
representative of such Holders, on their behalf. 
 Upon any distribution or payment in connection with any proceedings or sale referred to
in Section 402(a), the Trustee and each Holder of the then Outstanding, shall be entitled to rely upon a certificate of the liquidating trustee or agent or other Person making any distribution or payment to the Trustee or such Holder for the purpose
of ascertaining the holders of Senior Indebtedness entitled to participate in such payment or distribution, the amount of such Senior Indebtedness or the amount payable thereon, the amount or amounts paid or distributed thereon and all other facts
pertinent thereto or to this Article. 

  
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 SECTION 404. No Impairment of Subordination. Nothing contained in this Article or
elsewhere in this                      Supplemental Indenture or the
                     shall prevent at any time the Company from making payments at any time of principal of or interest on the
                    , except under the conditions described in Section 402 or during the pendency of any proceedings or sale therein referred to.

 SECTION 405. Trustee to Effectuate Subordination. Each Holder of by his acceptance thereof, whether upon original issue or upon
transfer or assignment, authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provisions in this Article and appoints the Trustee his attorney-in-fact for any and all
such purposes. 
 No rights of any present or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at
any time in any way be prejudiced or impaired by any act or failure to act on the part of the Trustee or any Holder of the                      then
Outstanding, or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by any such holder, with the terms, provisions and covenants of this Supplemental Indenture, regardless of any knowledge thereof which any such
holder may have or otherwise be charged with. 
 Without in any way limiting the generality of the foregoing paragraph, the holders of
Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Holders of the                     , without
incurring responsibility to the Holders of the                      and without impairing or releasing the subordination provided in this Article or
the obligations of the Holders of the                      to the holders of Senior Indebtedness, do any one or more of the following: (i) change the
manner, place or terms of payment of, or renew or alter, Senior Indebtedness, or otherwise amend or supplement in any manner Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding;
(ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any Person liable in any manner for the collection of Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Company and any other Person. 
 SECTION 406. Notice to Trustee. The Company shall give prompt
written notice to the Trustee in the form of an Officers’ Certificate of any fact known to the Company which would prohibit the making of any payment of money to or by the Trustee in respect of the
                     pursuant to the provisions of this Article. Notwithstanding the provisions of this Article or any other provisions of this
                     Supplemental Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the
making of any payment to or by the Trustee in respect of the                      pursuant to the provisions of this Article, unless and until the
Trustee shall have received at its Corporate Trust Office written notice thereof from the Company or a holder or holders of Senior Indebtedness or from any trustee therefor at least two Business Days prior to such payment date; and, prior to the
receipt of any such written notice, the Trustee, shall be entitled in all respects to assume that no such facts exist. 
 The Trustee shall
be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness (or a trustee on behalf of such holder) to establish that such notice has been given by a holder of Senior
Indebtedness or a trustee on behalf of any such holder. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to

  
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participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of
Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under the Article, and, if such evidence is not furnished,
the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 

SECTION 407. Reliance on Certificate of Liquidating Agent. Upon any payment or distribution referred to in this Article, the Trustee
and the Holders of the                      shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in
which a dissolution, winding up or total or partial liquidation or reorganization of the Company is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or
other Person making such payment or distribution, delivered to the Trustee or to the Holders of the                     , for the purpose of
ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all
other facts pertinent thereto or to this Article. 
 SECTION 408. Trustee Not Fiduciary for Holders of Senior Indebtedness. The
Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to Holders of the
                     of any series or to the Company or to any other Person cash, property or securities to which any holders of Senior Indebtedness
shall be entitled by virtue of this Article or otherwise. 
 SECTION 409. Rights of Trustee as Holder of Senior Indebtedness. The
Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing
in this Supplemental Indenture shall deprive the Trustee of any of its rights as such holder. 
 SECTION 410. Article Applicable to
Paying Agent. In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case (unless the context shall
otherwise require) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however,
that this Section shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent.] 
 ARTICLE
FIVE 
 MISCELLANEOUS PROVISIONS 

The Trustee makes no undertaking or representations in respect of, and shall not be responsible in any manner whatsoever for and in respect
of, the validity or sufficiency of this                      Supplemental Indenture or the proper authorization or the due execution hereof by the
Company or for or in respect of the recitals and statements contained herein, all of which recitals and statements are made solely by the Company. 

  
 10 

 Except as expressly amended hereby, the Original Indenture shall continue in full force and
effect in accordance with the provisions thereof and the Original Indenture is in all respects hereby ratified and confirmed. This
                     Supplemental Indenture and all its provisions shall be deemed a part of the Original Indenture in the manner and to the extent
herein and therein provided. 
 This
                     Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 

This                      Supplemental
Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

IN WITNESS WHEREOF, the parties hereto have caused this
                     Supplemental Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of
the day and year first above written. 
  

			
	DTE ELECTRIC COMPANY
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	ATTEST:
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	THE BANK OF NEW YORK MELLON
	TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	ATTEST:
		
	By:	 	  

		 	Name:
		 	Title:

  
 11 

 EXHIBIT A 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A
NOMINEE OF A DEPOSITORY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (“DTC”), TO A NOMINEE OF DTC OR BY DTC OR
ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE OF SUCH SUCCESSOR. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

			
	NO. R-     	  	$        

 DTE ELECTRIC COMPANY 

Series     %
                     due 
  

					
	ISSUE PRICE	  	ISSUE DATE	  	CUSIP NO.
		  		  	
		  		  	
		  		  	

 DTE ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of Michigan
(herein referred to as the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
                                         
($        ) on                      and to pay interest at the rate of     % per annum on
said principal sum from the date of issuance until the principal of this Security (“Note”) becomes due and payable, and on any overdue principal and (to the extent that payment of such interest is enforceable under applicable law) on any
overdue installment of interest at the same rate per annum during such overdue period. Interest on this Note will be payable                     
[(subject to deferral as set forth herein)] in arrears on                      and
                     of each year (each such date, an “Interest Payment Date”), commencing
                    . 
 [The amount of
interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period shorter than a full
                     interest period, will be computed on the basis of the actual number of days elapsed in such period.] In the event that any
date on which interest is payable on this Note is not a Business Day, then payment of the amount payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such
delay)[, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the 

  
 A-1 

 
immediately preceding Business Day without reduction in the amount due to such early payment (and in which case the relevant Record Date shall be on the Business Day immediately preceding such
Interest Payment Date)], in each case with the same force and effect as if made on such date[, subject to certain rights of deferral described below]. A “Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which
is not a day on which banking institutions located in the State of Michigan or in the state in which the principal corporate trust office of the Trustee is located are authorized or obligated by or pursuant to law or executive order to close. The
interest installment so payable, and punctually paid or duly provided for, on any Interest Payment Date (other than interest payable on redemption or maturity) will, as provided in the Indenture (as defined herein), be paid to the person in whose
name this Note (or one or more Predecessor Notes, as defined in said Indenture) is registered at the close of business on the relevant record date for such interest installment, which shall be         
[Business] Day(s) prior to the relevant Interest Payment Date [or, in the case of a Deferral Period (as defined in the Indenture), one Business Day prior to Interest Payment Date for such Deferral Period] (each a “Record Date”). Interest
payable on redemption or maturity shall be payable to the person to whom the principal is paid. Any such interest installment not punctually paid or duly provided for shall forthwith cease to be payable to the registered holders on such Record Date,
and may be paid to the person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on a special record date to be fixed by the Trustee for the payment of such defaulted interest, notice whereof shall be
given to the registered holders of this series of Notes not less than 10 days prior to such special record date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the
Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. The principal of and the interest on this Note shall be payable at the office or agency of the Company maintained for that
purpose in the Borough of Manhattan, the City of New York, in any coin or currency of the United States of America which at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest may
be made at the option of the Company by check mailed to the registered holder at the close of business on the Record Date at such address as shall appear in the Security Register. 

[Payment of the principal of and interest on this Note is, to the extent provided in the Indenture, subordinated and subject in right of
payment to the prior payment in full of all existing and future Senior Indebtedness, as defined in the Indenture, of the Company and this Note is issued subject to the provisions of the Indenture with respect thereto. Each registered holder of
this Note, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination
so provided and (c) appoints the Trustee as his or her attorney-in-fact for any and all such purposes. Each registered holder hereof, by his or her acceptance hereof, hereby waives all notice of the acceptance of the subordination provisions
contained herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter incurred, and waives reliance by each such holder upon said provisions.] 

This Note shall not be entitled to any benefit under the Indenture hereinafter referred to, be valid or become obligatory for any purpose
until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. 

  
 A-2 

 Unless the Certificate of Authentication hereon has been executed by the Trustee or a duly
appointed Authentication Agent referred to herein, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), specified in the
Indenture, all issued or to be issued in one or more series under and pursuant to a Collateral Trust Indenture dated as of June 30, 1993 (the “Original Indenture”) duly executed and delivered between the Company and The Bank of New York
Mellon Trust Company, N.A., a national banking association, as successor Trustee (herein referred to as the “Trustee”), as supplemented (through and including a
                     Supplemental Indenture dated as of
                     (together with the Original Indenture, the “Indenture”) between the Company and the Trustee, to which Indenture and
all indentures supplemental thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the registered holders of the Notes and of
the terms upon which the Notes are, and are to be, authenticated and delivered. By the terms of the Indenture, the Notes are issuable in series which may vary as to amount, date of maturity, rate of interest and in other respects as in the
Indenture provided. This series of Notes is limited in aggregate principal amount as specified in said                      Supplemental
Indenture. 
 Notwithstanding the provisions of the Original Indenture, this Note shall be without benefit of any security [and shall be
subordinated to Senior Indebtedness (as defined in the Indenture) contemplated in Article Four of said                      Supplemental Indenture].
This Note shall not have the benefit of the provisions of Article Four of the Original Indenture and shall not have the benefit of, or be subject to, the other related provisions of the Original Indenture relating to the grant of security, including
(for avoidance of doubt and not for purposes of limitation) the Granting Clause, the definitions of “Deliverable Mortgage Bonds,” “Deliverable Securities,” “Designated Mortgage Bonds,” “Grant,”
“Mortgage,” “Mortgage Bonds,” “Mortgage Trustee,” “Previously Delivered Mortgage Bonds,” and “Trust Estate,” Section 301(20), Sections 301 (a) (v), (ix), (x) and (xi), Sections 301 (b) (ii) and
(iii), and Section 301 (d). [In addition, the Events of Default set forth in Sections 601(4) and 601 (8) of the Original Indenture shall not apply to this Note. The omission by the Company to pay interest on this Note during a Deferral Period as
permitted by Section 204 of said                      Supplemental Indenture shall not constitute an Event of Default under Section 601(l) of the
Original Indenture.] 
 [The Company shall have the right to redeem this Note at the option of the Company, without premium or penalty, in
whole or in part, at any time on or after                     and prior to maturity at a redemption price equal to     % of the
principal amount redeemed plus the accrued and unpaid interest thereon to the date fixed for redemption. Any redemption pursuant to this paragraph will be made upon not less than 30, nor more than 60 days notice. If the Notes are only
partially redeemed by the Company, the Notes will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided that if, at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine
by lot the principal amount of such Notes held by each Note holder to be redeemed.] 
 [If a Tax Event (as hereinafter defined) has occurred
and is continuing, the Company shall have the right, within 90 days following the occurrence of such Tax Event, to redeem the Notes, in whole but not in part, at a redemption price equal to the aggregate principal amount of the Notes plus accrued
and unpaid interest to the date of redemption. “Tax Event” means that the 

  
 A-3 

 
Company shall have received an opinion of counsel (which may be counsel to the Company or an affiliate but not an employee thereof) experienced in such matters to the effect that, as a result of
any amendment to, or change (including any announced prospective change) in, the laws (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or as a result of any
official administrative pronouncement or judicial decision interpreting or applying such laws or regulations, which amendment or change is effective or such pronouncement or decision is announced on or after the date of original issuance of the
Notes, there is more than an insubstantial risk that interest payable by the Company on the Notes is not, or will not be, deductible by the Company for federal income tax purposes.] 

[In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the registered holder hereof upon the cancellation hereof.] 
 In case an Event of Default, as defined in the Indenture, shall
have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Note upon compliance by the Company with
certain conditions set forth therein. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the
registered holders of not less than a majority in aggregate principal amount of the outstanding Notes of each series affected at the time, as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the registered holders of the Notes; provided, however, that no such supplemental indenture
shall (i) extend the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate of or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, without the
consent of the registered holder of each Note so affected or (ii) reduce the aforesaid percentage of Notes, the registered holders of which are required to consent to any such supplemental indenture, without the consent of the registered holders of
each Note then outstanding and affected thereby. The Indenture also contains provisions permitting (i) the registered holders of at least 66 2/3% in aggregate principal amount of the Notes of all series at the time outstanding affected thereby,
on behalf of the registered holders of the Notes of such series, to waive compliance by the Company with certain provisions of the Indenture and (ii) the registered holders of a majority in aggregate principal amount of the Notes of all series at
the time outstanding affected thereby, on behalf of the registered holders of the Notes of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the registered bolder of this Note
(unless revoked as provided in the Indenture) shall be conclusive and binding upon such registered holder and upon all future registered holders and owners of this Note and of any Note issued in exchange hereof or in place hereof (whether by
registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the time and place and
at the rate and in the coin or currency herein prescribed. 

  
 A-4 

 [The Company shall have the right at any time, on one or more occasions, so long as an Event of
Default has not occurred and is not continuing under the Indenture with respect to the Notes, to extend any interest payment period on this Note to a period not to exceed 20 consecutive quarterly interest payment periods and, as a consequence, the
quarterly interest payment on the Notes would be deferred (but would continue to accrue with interest thereon compounded quarterly at the rate of interest on the Notes, except as provided by law) during any such Deferral Period (as defined in the
Indenture). At the end of each Deferral Period, the Company shall pay all interest then accrued and unpaid (compounded quarterly, at the rate of interest on the Notes, except to the extent provided by law) to the persons in whose name the Notes
are registered on the Record Date for such Deferral Period. In the event the Company exercises this right, the Company shall not declare or pay any dividends on, or redeem, purchase, acquire or make a liquidation payment with respect to, any of
its Capital Stock (as defined in the Indenture) or make any guarantee payments with respect to the foregoing during such Deferral Period, other than redemptions of any series of Capital Stock of the Company pursuant to the terms of any sinking fund
provisions with respect thereto. In addition, during any Deferral Period, the Company may not (i) make any distributions, loans or guarantees for the benefit of, (ii) purchase, defease, redeem or otherwise acquire or retire for value any
securities of or (iii) make any other investment in any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, for the purpose of, or to enable the payment of, directly or indirectly,
dividends on any equity security of DTE Electric Company and its successors or assigns. During any Deferral Period, the Company may continue to extend the interest payment period by extending the Deferral Period, provided that the aggregate
Deferral Period, as extended, must end on an Interest Payment Date and in no event shall the aggregate Deferral Period exceed 20 consecutive quarterly interest payment periods or extend beyond the maturity of the Notes or any date on which any of
the Notes are fixed for redemption. No interest shall be due and payable on the Notes during a Deferral Period except at the end thereof. The Company shall give the registered holders of Notes notice of its election to defer interest
payments or to extend the Deferral Period ten Business Days prior to the earlier of (i) the next scheduled quarterly payment date or (ii) the date the Company is required to give notice of the record date of such related interest payment to the New
York Stock Exchange or other applicable self-regulatory organization or to the holders of the Notes, but in any event not less than two Business Days prior to such record date.] 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security
Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of and any interest on this Note are payable or at such other offices or agencies as the
Company may designate, duly endorsed by or accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and the Security Registrar or any transfer agent duly executed by the registered holder hereof or his or
her attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount will be issued to the designated transferee or
transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in relation thereto. 

  
 A-5 

 Prior to due presentment for registration of transfer of this Note, the Company, the Trustee, any
paying agent and any Note Registrar may deem and treat the registered holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon made by anyone other than the
Note Registrar) for the purpose of receiving payment of or on account of the principal hereof and interest due hereon and for all other purposes, and neither the Company nor the Trustee nor any paying agent nor any Note Registrar shall be affected
by any notice to the contrary. 
 The Notes of this series are issuable only in fully registered form without coupons in denominations of
$         and any integral multiple thereof. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. Notes of this series so
issued are issuable only in registered form without coupons in denominations of $         and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set
forth, Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the registered holder surrendering the same. 

As set forth in, and subject to the provisions of, the Indenture, no registered owner of any Note will have any right to institute any
proceeding with respect to the Indenture or for any remedy thereunder, unless (i) such registered owner shall have previously given to the Trustee written notice of a continuing Event of Default with respect to the Notes of this series, (ii) the
registered owners of not less than 25% in principal amount of the outstanding Notes of this series shall have made written request, and offered reasonable indemnity, to the Trustee to institute such proceeding as trustee, (iii) the Trustee shall
have failed to institute such proceeding within 60 days and (iv) the Trustee shall not have received from the registered owners of a majority in principal amount of the outstanding Notes of this series a direction inconsistent with such request
within such 60-day period; provided, however, that such limitations do not apply to a suit instituted by the registered owner hereof for the enforcement of payment of the principal of or any interest on this Note on or after the respective due dates
expressed herein, subject to deferral as set forth herein. 
 All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 

  
 A-6 

 IN WITNESS WHEREOF, the Company has caused this Instrument to be executed. 

 

							
		 		 	DTE ELECTRIC COMPANY
				
	[Corporate Seal]	 		 		 	
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

			
	
	Attest:
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-7 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the series of Notes described in the within mentioned Indenture. 

 

									
		 		 		 	 THE BANK OF NEW YORK MELLON

		 		 		 	 TRUST COMPANY, N.A.,
 as
Trustee

					
		 		 		 	By:	 	  

		 		 		 		 	Authorized Signatory
					
	Date:	 	  
	 		 		 	

  
 A-8 

 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

	
	  

	(Please insert Social Security or Other Identifying Number of Assignee)
	
	  

	(Please print or type name and address, including zip code of assignee)

 the within Note and all rights thereunder, hereby irrevocably constituting and appointing such person attorneys to
transfer the within Note on the books of the Issuer, with full power of substitution in the premises. 
  

			
	Dated:	 	  

 NOTICE: The signature of this assignment must correspond with the name as written upon the face of the within Note in every
particular, without alteration or enlargement or any change whatever and NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agents Medallion Program (“STAMP”), the Stock Exchange,
Inc. Medallion Signature Program (“MSP”). When assignment is made by a guardian, trustee, executor or administrator, an officer of a corporation, or anyone in a representative capacity, proof of his or her authority to act must accompany
this Note. 

  
 A-9EX-4.30

 Exhibit 4.30 
  

 
 DTE ELECTRIC COMPANY 

formerly known as 
 The Detroit
Edison Company 
 AND 
 THE BANK
OF NEW YORK MELLON TRUST COMPANY, N.A., 
 TRUSTEE 
  

 

             SUPPLEMENTAL INDENTURE 

DATED AS OF                      

 
  

SUPPLEMENTING THE COLLATERAL TRUST INDENTURE 

DATED AS OF JUNE 30, 1993 

PROVIDING FOR 
 SERIES
     % SENIOR NOTES DUE 
  
  

 SUPPLEMENTAL INDENTURE, dated as of the      day of
            , between DTE ELECTRIC COMPANY, formerly known as The Detroit Edison Company, a corporation organized and existing under the laws of the State of Michigan (the
“Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, having a corporate trust office in the City of Detroit, Michigan, as successor
trustee (the “Trustee”); 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee a Collateral Trust Indenture
dated as of June 30, 1993 (the “Original Indenture”), as supplemented, providing for the issuance by the Company from time to time of its debt securities; and 

WHEREAS, the Company now desires to provide for the issuance of an additional series of its senior debt securities pursuant to the Original
Indenture; and 
 WHEREAS, the Company intends hereby to designate a series of debt securities which shall have the benefit of the
provisions of Article Four of the Original Indenture and the other related provisions of the Original Indenture relating to the grant of security, subject to the release provisions provided for herein, and which shall have the terms and variations
from the provisions of the Original Indenture as set forth herein; and 
 WHEREAS, the Company, in the exercise of the power and authority
conferred upon and reserved to it under the provisions of the Original Indenture, including Section 1001 thereof, and pursuant to appropriate resolutions of the Board of Directors, has duly determined to make, execute and deliver to the Trustee this
                     Supplemental Indenture to the Original Indenture as permitted by Sections 201 and 301 of the Original Indenture in order to
establish the form or terms of, and to provide for the creation and issue of, a series of its debt securities under the Original Indenture, which shall be known as the          Series     %
Senior Notes due                     . 

WHEREAS, all things necessary to make such debt securities, when executed by the Company and authenticated and delivered by the Trustee or any
Authenticating Agent and issued upon the terms and subject to the conditions hereinafter and in the Original Indenture set forth against payment therefor, the valid, binding and legal obligations of the Company and to make this
                     Supplemental Indenture a valid, binding and legal agreement of the Company, have been done; 

NOW, THEREFORE, THIS                     
SUPPLEMENTAL INDENTURE WITNESSETH that, in order to establish the terms of a series of debt securities, and for and in consideration of the premises and of the covenants contained in the Original Indenture and in this
                     Supplemental Indenture and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, it is mutually covenanted and agreed as follows: 
 ARTICLE ONE 

DEFINITIONS AND OTHER 
 PROVISIONS
OF GENERAL APPLICATION 
 SECTION 1.01. Definitions. Each capitalized term that is used herein and is defined in the Original Indenture
shall have the meaning specified in the Original Indenture unless such term is otherwise defined herein. The following terms shall have the respective meanings set forth below: 

“Business Day” means any day other than a day on which banking institutions in the State of New York or the State of Michigan are
authorized or obligated pursuant to law or executive order to close. 

  
 1 

 “Capitalization” means the total of all the following items appearing on, or included
in, the consolidated balance sheet of the Company: (i) liabilities for indebtedness maturing more than 12 months from the date of determination; and (ii) common stock, common stock expense, accumulated other comprehensive income or loss, preferred
stock, preference stock, premium on capital stock and retained earnings (however the foregoing may be designated), less, to the extent not otherwise deducted, the cost of shares of capital stock of the Company held in its treasury, if
any. Subject to the foregoing, Capitalization shall be determined in accordance with generally accepted accounting principles and practices applicable to the type of business in which the Company is engaged and may be determined as of a date
not more than 60 days prior to the happening of the event for which the determination is being made. In connection with such determination, the Company shall certify to the Trustee that it has, prior to making its final determination, consulted
with the independent accountants regularly retained by the Company. 
 “Debt” means any outstanding debt for money borrowed
evidenced by notes, debentures, bonds or other securities, or guarantees of any debt. 
 “Net Tangible Assets” means the amount
shown as total assets on the consolidated balance sheet of the Company, less (i) intangible assets including, but without limitation, such items as goodwill, trademarks, trade names, patents, unamortized debt discount and expense and other
regulatory assets carried as an asset on the Company’s consolidated balance sheet, and (ii) appropriate adjustments, if any, on account of minority interests. Net Tangible Assets shall be determined in accordance with generally accepted
accounting principles and practices applicable to the type of business in which the Company is engaged and may be determined as of a date not more than 60 days prior to the happening of the event for which such determination is being made. In
connection with such determination, the Company shall certify to the Trustee that it has, prior to making its final determination, consulted with the independent accountants regularly retained by the Company. 

“Original Issue Date” means
                    . 
 “Pledged
Bonds” means the related series of Bonds (as hereafter defined) and any other Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in any other supplemental indenture to the Original Indenture. 

“Release Date” means the date as of which all Mortgage Bonds, (i) other than the Pledged Bonds, including the related series of
Bonds, and (ii) other than outstanding Mortgage Bonds (exclusive of Pledged Bonds) which do not in aggregate principal amount exceed the greater of 5% of the Net Tangible Assets of the Company or 5% of the Capitalization of the Company, have been
retired through payment, redemption or otherwise, provided that no default or Event of Default has occurred and, at such time, is continuing under the Original Indenture. 

  
 2 

 “Substitute Mortgage” means a mortgage indenture of the Company, other than the
Mortgage, designated by the Company to the Trustee as a Substitute Mortgage pursuant to Section 4.03 hereof. The lien of the Substitute Mortgage shall have such priority, and be with respect to such property, as shall be specified by the Company in
its sole discretion, subject to the provisions of Section 4.03 hereof. 
 “Substitute Mortgage Bonds” means any mortgage bonds
issued by the Company under a Substitute Mortgage and delivered to the Trustee pursuant to Section 4.03 hereof or pursuant to the comparable provision of any other supplemental indenture relating to Securities subject to the release provisions. 

SECTION 1.02. Section References. Each reference to a particular section set forth in this
                     Supplemental Indenture shall, unless the context otherwise requires, refer to this
                     Supplemental Indenture. 

ARTICLE TWO 
 TITLE AND TERMS OF
THE SECURITIES 
 SECTION 2.01. Title of the Securities; Stated Maturity. This
                     Supplemental Indenture hereby establishes a series of Securities, which shall be known as the Company’s
“         Series      % Senior Notes due                     ” (the
“Notes”). For purposes of the Original Indenture, the Notes shall constitute a single series of Securities. The Stated Maturity on which the principal of the Notes shall be due and payable will be
                    . 
 SECTION 2.02.
Certain Variations from the Original Indenture. 
 (a) The Notes shall have the benefit of the provisions of Article Four of the Original
Indenture and shall have the benefit of, or be subject to, the other related provisions of the Original Indenture relating to the grant of security, including (for avoidance of doubt and not for purposes of limitation) the Granting Clause, the
definitions of “Deliverable Mortgage Bonds,” “Deliverable Securities,” “Designated Mortgage Bonds,” “Grant,” “Mortgage,” “Mortgage Bonds,” “Mortgage Trustee,” “Previously
Delivered Mortgage Bonds,” and “Trust Estate,” Section 301(20), Sections 301(a)(v), (ix), (x) and (xi), Sections 301(b)(ii) and (iii), Section 301(d), and Sections 601(4) and (8), subject, in each case, to the release provisions
provided for in Section 4.02 herein. 
 (b) Section 503 of the Original Indenture shall apply to the Notes. The following shall be an
additional condition to defeasance of the Notes under Section 503: the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from the Internal Revenue Service a letter ruling, or there has been
published by the Internal Revenue Service a Revenue Ruling, or (ii) since the date of execution of this                      Supplemental Indenture,
there has been a change in the applicable U.S. Federal income tax law, in either case to the effect that, the Holders of such Outstanding Notes appertaining thereto will not recognize income, gain or loss for U.S. Federal income tax purposes as a
result of such defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred, and, also, to the effect that, after the 123rd day after the date of deposit, all money and other property as provided pursuant to Section 503 of the Original Indenture (including the proceeds thereof) deposited or

  
 3 

 
caused to be deposited with the Trustee (or other qualifying trustee) pursuant to Section 503 of the Original Indenture to be held in trust will not be subject to any case or proceeding (whether
voluntary or involuntary) in respect of the Company under any Federal or State bankruptcy, insolvency, reorganization or other similar law, or any decree or order for relief in respect of the Company issued in connection therewith. 

SECTION 2.03. Amount and Denominations; DTC 

(a) The aggregate principal amount of Notes that may be issued under this
                     Supplemental Indenture is limited to $         (except as provided in Section 301(2) of
the Original Indenture); provided that the Company may, without the consent of the Holders of the Outstanding Notes, “reopen” the series of the Notes so as to increase the aggregate principal amount of the Notes Outstanding in compliance
with the procedures set forth in the Original Indenture, including Section 301 and Section 303 thereof, so long as any such additional Notes have the same terms, conditions and CUSIP number (including, without limitation, rights to security and to
receive accrued and unpaid interest) as the Notes then Outstanding. No additional Notes may be issued if an Event of Default has occurred with respect to the Notes. The Notes shall be issuable only in fully registered form and, as permitted by
Section 301 and Section 302 of the Original Indenture, in denominations of $1,000 and integral multiples thereof. The Notes will initially be issued in global form (the “Global Securities”) under a book-entry system, registered in the name
of The Depository Trust Company, as depository (“DTC”), or its nominee, which is hereby designated as “Depository” under the Indenture. 

(b) If (i) the Depository notifies the Company that it is unwilling or unable to continue as Depository for such Global Security or if at any
time such Depository ceases to be a clearing agency registered under the Securities Exchange Act of 1934, and, in either such case, the Company does not appoint a successor Depository within 90 days thereafter, or (ii) there shall have occurred and
be continuing an Event of Default or an event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default, certificates for the Notes will be registered and delivered to the Holders of record. Upon receipt of a
withdrawal request from the Company, the Depository will notify its participants of the receipt of a withdrawal request from the Company, notifying participants that they may utilize the Depository’s withdrawal procedures if they wish to
withdraw their securities from the Depository. To the extent that the book-entry system is discontinued, or if the Company fails to appoint a successor Depository, certificates for the Notes will be registered and delivered to the Holders of record.

 SECTION 2.04. Certain Terms of the Notes. 

(a) The Notes shall bear interest at the rate of     % per annum on the principal amount thereof from the date of original
issuance, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such
interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semi-annually in arrears on
                     and                      of
each year (each such date, an “Interest Payment Date”), commencing                     . The amount of interest payable for any period
shall be computed on the basis of a 360-day year and twelve 30-day months. 

  
 4 

 (b) In the event that any Interest Payment Date, redemption date or other date of Maturity of the
Notes is not a Business Day, then payment of the amount payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), in each case with the same force
and effect as if made on such date. The interest installment so payable, and punctually paid or duly provided for, on any Interest Payment Date with respect to any Note will, as provided in the Original Indenture, be paid to the person in whose name
the Note (or one or more Predecessor Securities, as defined in the Original Indenture) is registered at the close of business on the relevant record date for such interest installment, which shall be the fifteenth calendar day (whether or not a
Business Day) prior to the relevant Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for shall forthwith cease to be payable to the registered Holders on such Regular
Record Date, and may either be paid to the person in whose name the Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such defaulted interest,
notice whereof shall be given to the registered Holders of the Notes not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on
which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Original Indenture. The principal of, and premium, if any, and the interest on the Notes shall be payable at the office
or agency of the Company maintained for that purpose in the Borough of Manhattan, the City of New York, in any coin or currency of the United States of America that at the time of payment is legal tender for payment of public and private debts;
provided, however, that payment of interest may be made at the option of the Company by check mailed to the registered Holder at the close of business on the Regular Record Date at such address as shall appear in the Security
Register. Notwithstanding the foregoing, so long as the Notes are Global Securities and are held in book-entry form through the facilities of the Depository, payments on the Notes will be made to the Depository or its nominee in accordance with
arrangements then in effect between the Trustee and the Depository. 
 (c) The Notes are not subject to repayment at the option of the
Holders thereof and are not subject to any sinking fund. As provided in the form of Notes attached hereto as Exhibit A, the Notes are subject to optional redemption, as a whole or in part, by the Company prior to Stated Maturity of the principal
thereof on the terms set forth therein. Except as modified in the form of Notes, redemptions shall be effected in accordance with Article Twelve of the Original Indenture. 

(d) The Notes shall have such other terms and provisions as are set forth in the form of Notes attached hereto as Exhibit A (which is
incorporated by reference in and made a part of this                     Supplemental Indenture as if set forth in full at this place). 

SECTION 2.06. Form of Notes. Attached hereto as Exhibit A is the form of the Notes. On and after the Release Date, the terms of the
Notes shall be amended to make appropriate reference to the Substitute Mortgage and the Substitute Mortgage Bonds; provided, that the consent of Holders shall not be required in connection with such amendment. 

  
 5 

 ARTICLE THREE 

RESERVED 
 ARTICLE FOUR

 SECURITY AND RELEASE PROVISIONS 

SECTION 4.01. Security. Subject to Section 4.02 below, as provided in and pursuant to Article Four of the Original Indenture, the Notes
will be secured as to payments of principal, interest and premium, if any, by a series of Mortgage Bonds (the “General and Refunding Mortgage Bonds,          Series     ,” the
“Bonds,” the “Bonds of the related series” or the “related series of Bonds”) of the Company to be issued concurrently with the issuance of the Notes under and secured by a Mortgage and Deed of Trust, dated as of October
1, 1924, between the Company and The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Mortgage Trustee”), as amended and supplemented by various supplemental indentures, including the supplemental indenture, dated as
of                     , creating the Bonds (collectively, the “Mortgage”), pledged by the Company for the benefit of the Holders of the
Notes to the Trustee under this                      Supplemental Indenture. The Bonds shall be issued in an aggregate principal amount equal to
the aggregate principal amount of the Notes. 
 SECTION 4.02. Release. Until the Release Date and subject to Article Four of the
Original Indenture, the Bonds of the related series issued and delivered to the Trustee shall serve as security for any and all obligations of the Company under all Notes from time to time Outstanding, including, but not limited to (1) the full and
prompt payment of the principal and premium, if any, on the Notes when and as the same shall become due and payable in accordance with the terms and provisions of the Indenture or the Notes, either at the Stated Maturity thereof, upon acceleration
of the maturity thereof, upon redemption, or otherwise, and (2) the full and prompt payment of any interest on the Notes when and as the same shall become due and payable in accordance with the terms and provisions of this Indenture or the Notes
including, if and to the extent provided for in the Notes, interest on overdue installments of principal and (to the extent permitted by law) interest on overdue installments of interest. 

Each supplemental indenture to the Mortgage pursuant to which any Bonds are issued shall contain a provision to the effect that any payment by
the Company hereunder of principal of or premium or interest on Notes which shall have been authenticated and delivered in connection with the issuance and delivery to the Trustee of such Bonds (other than by the application of the proceeds of a
payment in respect of such Bonds) shall to the extent thereof, be deemed to satisfy and discharge the obligation of the Company, if any, to make a payment of principal, premium or interest, as the case may be, in respect of such Bonds which is then
due. 
 Notwithstanding anything in the Original Indenture to the contrary, and provided that Substitute Mortgage Bonds have been delivered
in accordance with Section 4.03 hereof, from and after the Release Date, the obligation of the Company to make payment with respect to the principal of and premium, if any, and interest on the Bonds shall be deemed satisfied and discharged as
provided in the supplemental indenture or indentures to the Mortgage creating such Bonds and the Bonds shall cease to secure in any manner Notes theretofore or subsequently issued; the Trustee shall thereupon surrender the Bonds to the Mortgage
Trustee for cancellation 

  
 6 

 
and execute and deliver such proper instruments of release as may be required. From and after the Release Date, all Notes, whether theretofore or subsequently issued, shall be secured by
Substitute Mortgage Bonds pursuant to Section 4.03 below, and any conditions to the issuance of Notes that refer or relate to Bonds or the Mortgage shall be inapplicable (except as such conditions shall be deemed to refer to Substitute Mortgage
Bonds or a Substitute Mortgage pursuant to Section 4.03 below). From and after the Release Date, the Company shall not issue any additional Mortgage Bonds, including Pledged Bonds, under the Mortgage. Notice of the occurrence of the
Release Date shall be given by the Trustee to the Holders of the Notes in the manner provided for in the Original Indenture not later than 30 days after the Company notifies the Trustee of the occurrence of the Release Date. 

In connection with the establishment of the occurrence of the Release Date, the Trustee shall be entitled to receive, may presume the
correctness of, and shall be fully protected in relying upon, an Officers’ Certificate designating the Release Date and stating that the conditions to the occurrence of the Release Date have been satisfied, in addition to a legal opinion under
Section 102. 
 When the obligation of the Company to make payments with respect to the principal of, and premium, if any, and interest on
all or any part of the Bonds shall be satisfied or deemed satisfied pursuant to the Original Indenture or pursuant to this                     
Supplemental Indenture, the Trustee shall, upon written request of the Company, deliver to the Company without charge therefor all of the Bonds so satisfied or deemed satisfied, together with such appropriate instruments of transfer or release as
may be reasonably requested by the Company. All Bonds delivered to the Company in accordance with this Section shall be delivered by the Company to the Mortgage Trustee for cancellation. 

SECTION 4.03. Substitute Mortgage Bonds. 

(a) The Company shall notify the Trustee not less than 90 days prior to the Release Date (or such shorter period as the Company and the
Trustee may agree) that the Company will deliver to the Trustee on the Release Date Substitute Mortgage Bonds in an aggregate principal amount equal to the aggregate principal amount of Notes and any other Securities subject to the release
provisions Outstanding on the Release Date, in trust for the benefit of the Holders from time to time of the Notes and any other Securities subject to the release provisions issued under the Original Indenture, as supplemented, as security for any
and all obligations of the Company under the Notes and any other Securities subject to the release provisions, including but not limited to, (1) the full and prompt payment of the principal of and premium, if any, on the Notes and any other
Securities subject to the release provisions when and as the same shall become due and payable in accordance with the terms and provisions of the Original Indenture, as supplemented, or the Notes or such other Securities subject to the release
provisions, either at the stated maturity thereof, upon acceleration of the maturity thereof or upon redemption, and (2) the full and prompt payment of any interest on the Notes and any other Securities subject to the release provisions when and as
the same shall become due and payable in accordance with the terms and provisions of the Original Indenture, as supplemented, or the Notes or such other Securities subject to the release provisions. 

(b) The Company shall deliver such Substitute Mortgage Bonds described in Section 4.03(a) in separate series and issues corresponding to the
series and issues of Notes and other Securities 

  
 7 

 
subject to the release provisions Outstanding on or prior to the Release Date, each series or issue of Substitute Mortgage Bonds having the same stated rate or rates of interest (or interest
calculated in the same manner), Interest Payment Dates, stated maturity date and redemption provisions, and in the same aggregate principal amount, as the related series or issue of Notes or other Securities subject to the release provisions
outstanding on the Release Date; it being expressly understood that each such series of Substitute Mortgage Bonds shall be held by the Trustee for the benefit of the Holders of the corresponding series of Securities from time to time Outstanding
subject to such terms and conditions relating to surrender to the Company, transfer restrictions, voting, application of payments of principal and interest and other matters as shall be set forth in an indenture supplemental hereto specifically
providing for the delivery to the Trustee of such Substitute Mortgage Bonds. Such Substitute Mortgage Bonds shall be issued under and secured by a Substitute Mortgage (A) on which the Company shall be the obligor; and (B) which shall be
qualified, or shall meet the requirements for qualification, under the Trust Indenture Act for the issuance of Substitute Mortgage Bonds. 

(c) On or prior to the Release Date the Company shall have delivered to the Trustee: 

(A) a supplemental indenture to the Original Indenture that provides among other things, that on the delivery of the Substitute Mortgage Bonds
described in Section 4.03(b), the Company shall deliver to the Trustee in trust for the benefit of the Holders as described in Section 4.03(a) hereof, and the Trustee shall accept therefor, related series of Substitute Mortgage Bonds registered in
the name of the Trustee and conforming to the requirements herein and therein specified; 
 (B) an Officers’ Certificate (1) stating
that, to the knowledge of the signer, (a) no Event of Default has occurred and is continuing and (b) no event has occurred and is continuing which entitles the secured party under the Substitute Mortgage to accelerate the maturity of the
indebtedness outstanding thereunder and (2) stating the aggregate principal amount of indebtedness issuable, and then proposed to be issued, under and secured by the lien of the Substitute Mortgage; and 

(C) an Opinion of Counsel to the effect that (1) such Substitute Mortgage Bonds have been duly issued under such Substitute Mortgage and
constitute valid obligations, entitled to the benefit of the lien of the Substitute Mortgage equally and ratably with all other indebtedness then outstanding secured by such lien and (2) such Substitute Mortgage is a lien on substantially all of the
Company’s tangible properties (including real property) used in its electric utility business, and will constitute a lien on any such properties thereafter acquired; and there is no other lien securing indebtedness on substantially all of such
properties prior to the lien of the Substitute Mortgage, except for the lien of the Mortgage. 
 (d) On or prior to the Release Date the
Company shall provide an Officers’ Certificate stating that the Company has been advised in writing, within not more than 30 days prior to such substitution of the Substitute Mortgage Bonds for the Mortgage Bonds, by at least two credit rating
agencies qualifying as “nationally recognized statistical rating organizations” (as defined by the Securities Exchange Act of 1934, as amended) then maintaining a securities rating on the Notes that the substitution of such Substitute
Mortgage Bonds for the Mortgage Bonds will not result in a reduction of the securities rating assigned to the Notes by that credit rating agency immediately prior to the substitution or the suspension or withdrawal of its rating and the Company
shall have provided the Trustee with written evidence of such advice. 

  
 8 

 (e) In the event that the Company cannot obtain assurance of at least two credit rating agencies
as described in Section 4.03(d) above, the Company will take such actions as are necessary to cause the Release Date not to occur. 
 (f)
Article Four and related provisions of the Original Indenture (except for any provisions relating to discharge of Bonds or amounts owing on Bonds on or after the Release Date) shall apply to Substitute Mortgage Bonds pledged to the Trustee hereunder
and the provisions thereof shall be deemed to refer to the Substitute Mortgage and the Substitute Mortgage Bonds. Article Four and related provisions may be amended by the Company to have the Notes secured by Substitute Mortgage Bonds on and after
the Release Date and make appropriate reference to the Substitute Mortgage and the Substitute Mortgage Bonds; provided, that the consent of Holders shall not be required in connection with such amendment. 

SECTION 4.04. Events of Default. 

(a) 
 For purposes of the Notes,
Section 601(8) of the Original Indenture shall read, “the occurrence of an “event of default” as such term is defined in the Mortgage; or”. 

On and after the Release Date, Section 601(8) of the Original Indenture shall no longer apply to the Notes. 

(b) On and after the Release Date, the occurrence of a “default” (as defined in the Substitute Mortgage) shall constitute an Event
of Default under Section 601 of the Original Indenture with respect to the Notes and the references in Section 601(4) of the Original Indenture and related provisions to “Mortgage Bonds” shall be deemed to refer to “Substitute
Mortgage Bonds.” 
 (c) In addition, failure by the Company to deliver Substitute Mortgage Bonds in accordance with the provisions of
Section 4.03 of this Supplemental Indenture on or prior to the Release Date shall be an “Event of Default” with respect to the Notes as contemplated by Section 601(9) of the Original Indenture. 

ARTICLE FIVE 
 MISCELLANEOUS
PROVISIONS 
 The Trustee makes no undertaking or representations in respect of, and shall not be responsible in any manner whatsoever for
and in respect of, the validity or sufficiency of this                      Supplemental Indenture or the proper authorization or the due execution
hereof by the Company or for or in respect of the recitals and statements contained herein, all of which recitals and statements are made solely by the Company. 

Except as expressly amended hereby and by the supplemental indenture appointing the Trustee as successor trustee, the Original Indenture shall
continue in full force and effect in accordance with the provisions thereof and the Original Indenture is in all respects hereby ratified 

  
 9 

 
and confirmed. This                      Supplemental Indenture and all its provisions
shall be deemed a part of the Original Indenture in the manner and to the extent herein and therein provided. 
 This
                     Supplemental Indenture and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York.

 This                     
Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have caused this
                     Supplemental Indenture to be duly executed and attested, all as of the day and year first above written. 

 

			
	DTE ELECTRIC COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	ATTEST:
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 11 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	ATTEST:
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 12 

 EXHIBIT A 

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A
DEPOSITORY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (“DTC”), TO A NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE
TO A SUCCESSOR OF DTC OR A NOMINEE OF SUCH SUCCESSOR. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

			
	NO. R-    	  	$        
	CUSIP        	  	

 DTE ELECTRIC COMPANY 

SERIES     % SENIOR NOTES DUE 

Principal Amount: $         

Authorized Denomination: $1,000 
 Regular Record Date: close of
business on the 15th calendar day (whether or not a Business Day) prior to the relevant Interest Payment Date 
 Original Issue Date: 

Stated Maturity: 
 Interest Payment Dates:
                     and                      of
each year, commencing 
 Interest Rate:     % per annum 

DTE ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of Michigan (the “Company”, which term
includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co. or registered assigns, at the office or agency of the Company in the City of New York, New York, the
principal sum of                              dollars ($        )
on                     (the “Stated Maturity”), in the coin or currency of the United States, and to pay interest thereon from the Original
Issue Date shown above, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, in arrears on each Interest Payment Date as specified above, commencing on
                     and on the Stated Maturity 

  
 A-1 

 
at the rate per annum shown above (the “Interest Rate”) until the principal hereof is due and payable, and on any overdue principal and premium and on any overdue installment of
interest. The interest installment so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is
registered on the Regular Record Date as specified above next preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to
the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of
such defaulted interest, notice whereof shall be given to Holders of Notes of this series not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange, if any, on which the Notes of this series shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Indenture. 

Payments of interest on this Note will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for
this Note shall be computed and paid on the basis of a 360-day year of twelve 30-day months. The Company shall pay interest on overdue principal and premium, if any, and, to the extent lawful, on overdue installments of interest at the rate per
annum borne by this Note. In the event that any Interest Payment Date, Redemption Date or Maturity Date is not a Business Day, then the required payment of principal, premium, if any, and interest will be made on the next succeeding day that is a
Business Day (and without any interest or other payment in respect of any such delay), in each case with the same force and effect as if made on such date. “Business Day” means any day other than a day on which banking institutions in the
State of New York or the State of Michigan are authorized or obligated pursuant to law or executive order to close. 
 Payment of principal
of, premium, if any, and interest on the Notes shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any,
and interest on Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Holder of such Global Security, provided that, in the case of payments of principal and premium, if any, such Global Security
is first surrendered to the Paying Agent (as defined in the Indenture). If any of the Notes of this series are no longer represented by a Global Security, (i) payments of principal, premium, if any, and interest due at the Stated Maturity or
earlier redemption of such Securities shall be made at the office of the Paying Agent upon surrender of such Securities to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where
applicable, by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 UNTIL
THE RELEASE DATE (AS DEFINED BELOW), THIS NOTE SHALL BE SECURED BY GENERAL AND REFUNDING MORTGAGE BONDS,          SERIES      (THE “MORTGAGE BONDS”) ISSUED AND DELIVERED BY THE
COMPANY TO THE TRUSTEE (AS DEFINED BELOW) UNDER THE COMPANY’S SUPPLEMENTAL INDENTURE DATED AS OF                     , SUPPLEMENTING THE
MORTGAGE AND DEED OF TRUST DATED AS OF OCTOBER 1, 1924 BETWEEN THE COMPANY AND THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (THE “MORTGAGE TRUSTEE”), PLEDGED BY THE COMPANY FOR THE BENEFIT OF THE HOLDERS OF

  
 A-2 

 
THE NOTES TO THE TRUSTEE UNDER THE INDENTURE (THE “MORTGAGE”). ON THE RELEASE DATE AND SUBJECT TO DELIVERY OF SUBSTITUTE MORTGAGE BONDS IN ACCORDANCE WITH THE TERMS OF THE INDENTURE,
THE NOTES SHALL CEASE TO BE SECURED BY SUCH MORTGAGE BONDS AND SHALL BE SECURED BY SUBSTITUTE MORTGAGE BONDS UNDER A SUBSTITUTE MORTGAGE. 

This Note shall not be entitled to any benefit under the Indenture hereinafter referred to, be valid or become obligatory for any purpose
until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. 
 Unless the Certificate of
Authentication hereon has been executed by the Trustee or a duly appointed Authentication Agent referred to herein, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

This Note is one of a duly authorized series of Securities of the Company (herein sometimes referred to as the “Notes”), specified
in the Indenture, all issued or to be issued in one or more series under and pursuant to a Collateral Trust Indenture dated as of June 30, 1993 (the “Original Indenture”) duly executed and delivered between the Company and The Bank of New
York Mellon Trust Company, N.A., as successor Trustee (herein referred to as the “Trustee”), as supplemented through and including a
                     Supplemental Indenture dated as of
                     (together with the Original Indenture, the “Indenture”) between the Company and the Trustee, to which Indenture and
all indentures supplemental thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the registered Holders of the Notes and of
the terms upon which the Notes are, and are to be, authenticated and delivered. 
 This Note is not subject to repayment at the option of
the Holder hereof. Except as provided below, this Note is not redeemable by the Company prior to maturity and is not subject to any sinking fund. 

This Note will be redeemable at the option of the Company, in whole at any time or in part from time to time (any such date of optional
redemption, an “Optional Redemption Date,” which shall be a “Redemption Date” for purposes of the Indenture), at an optional redemption price (which shall be a “Redemption Price” for purposes of the Indenture) equal to
the greater of (i) 100% of the principal amount of this Note to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest of this Note to be redeemed (not including any portion of any payments
of interest accrued to the Optional Redemption Date) until Stated Maturity, in each case discounted from their respective scheduled payment dates to such Optional Redemption Date on a semiannual basis (assuming a 360-day year consisting of 30-day
months) at the Adjusted Treasury Rate (as defined below) plus          basis points, as determined by the Reference Treasury Dealer (as defined below), plus, in each case, accrued and unpaid interest thereon
to the Redemption Date. 
 Notwithstanding the foregoing, installments of interest on this Note that are due and payable on Interest Payment
Dates falling on or prior to a Redemption Date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant Record Date. 

“Adjusted Treasury Rate” means, with respect to any Optional Redemption Date, the rate per annum equal to the semiannual equivalent
yield to maturity of the Comparable Treasury 

  
 A-3 

 
Issue, calculated on the third Business Day preceding such Optional Redemption Date assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to
the Comparable Treasury Price for such Optional Redemption Date. 
 “Comparable Treasury Issue” means the United States Treasury
security selected by the Reference Treasury Dealer as having a maturity comparable to the remaining term of this Note that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of this Note. 
 “Comparable Treasury Price” means, with
respect to any Optional Redemption Date, (i) the average of the Reference Treasury Dealer Quotations for such Optional Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent
obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 

“Quotation Agent” means one of the Reference Treasury Dealers appointed by the Company. 

“Reference Treasury Dealer” means each of: (i)
                    ,                     , and
                     (or their respective affiliates which are Primary Treasury Dealers), and their respective successors; provided, however, that if
any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer; and (ii) any other Primary
Treasury Dealer(s) selected by the Company. 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference
Treasury Dealer and any Optional Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to
the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Optional Redemption Date. 

Notice of any optional redemption will be mailed at least 30 days but not more than 60 days before the Optional Redemption Date to the Holder
hereof at its registered address. 
 If notice has been provided in accordance with the Indenture and funds for the redemption of this Note
called for redemption have been made available on the Redemption Date, this Note will cease to bear interest on the date fixed for redemption. Thereafter, the only right of the Holder hereof will be to receive payment of the Redemption Price.

 The Company will notify the Trustee at least 60 days prior to giving notice of redemption (or such shorter period as is satisfactory to
the Trustee) of the aggregate principal amount of Notes to be redeemed and the Redemption Date. If the Company elects to redeem all or a portion of the Notes, the redemption will be conditional upon receipt by the Paying Agent or the Trustee of
monies sufficient to pay the Redemption Price. If the Notes are only partially redeemed by the Company, the Trustee shall select which Notes are to be redeemed in a manner it deems fair and appropriate in accordance with the terms of the
Indenture. 

  
 A-4 

 In the event of redemption of this Note in part only, a new Note or Notes of this series for the
unredeemed portion hereof will be issued in the name of the registered Holder hereof upon the cancellation hereof. 
 In case an Event of
Default, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions
provided in the Indenture. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Note upon
compliance by the Company with certain conditions set forth therein. 
 The Indenture contains provisions permitting the Company and the
Trustee, with the consent of the registered Holders of not less than a majority in aggregate principal amount of the outstanding Securities of each series affected at the time, as defined in the Indenture, to execute supplemental indentures for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the registered Holders of the Securities; provided,
however, that no such supplemental indenture shall (i) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate of or extend the time of payment of interest thereon, or reduce any premium
payable upon the redemption thereof, without the consent of the registered Holder of each Security so affected or (ii) reduce the aforesaid percentage of Securities, the registered Holders of which are required to consent to any such supplemental
indenture, without the consent of the registered Holders of each Security then outstanding and affected thereby. The Indenture also contains provisions permitting (i) the registered Holders of at least 66 2/3% in aggregate principal amount of
the Securities of all series at the time outstanding affected thereby, on behalf of the registered Holders of the Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and (ii) the registered Holders
of a majority in aggregate principal amount of the Securities of all series at the time outstanding affected thereby, on behalf of the registered Holders of the Securities of such series, to waive certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the registered Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such registered Holder and upon all future registered Holders and owners of this
Note and of any Note issued in exchange hereof or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and interest on this Note at the time and place and at the rate and in the coin or currency herein prescribed. 

Prior to the Release Date, the Notes of this series shall be secured by a series of Mortgage Bonds (the “Related Series of Bonds”),
delivered by the Company to the Trustee for the benefit of the Holders of the Notes. Reference is made to the Mortgage and the Indenture for a description of the rights of the Trustee as Holder of the Related Series of Bonds, the property mortgaged
and pledged under the Mortgage and the rights of the Company and of the Mortgage Trustee in respect thereof, the duties and immunities of the Mortgage Trustee and the terms and conditions upon which the Related Series of Bonds are secured and the
circumstances under which additional Mortgage Bonds may be issued. 

  
 A-5 

 FROM AND AFTER SUCH TIME AS ALL BONDS, OTHER THAN (1) PLEDGED BONDS, INCLUDING THE RELATED SERIES
OF BONDS, AND (2) MORTGAGE BONDS (EXCLUSIVE OF PLEDGED BONDS) WHICH DO NOT IN AGGREGATE PRINCIPAL AMOUNT EXCEED THE GREATER OF FIVE PERCENT (5%) OF NET TANGIBLE ASSETS OR FIVE PERCENT (5%) OF CAPITALIZATION, HAVE BEEN RETIRED THROUGH PAYMENT,
REDEMPTION OR OTHERWISE (INCLUDING THOSE MORTGAGE BONDS THE PAYMENT FOR WHICH HAS BEEN PROVIDED FOR IN ACCORDANCE WITH THE MORTGAGE) AT, BEFORE OR AFTER THE MATURITY THEREOF, PROVIDED THAT NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND IS
CONTINUING (THE “RELEASE DATE”) AND SUBJECT TO DELIVERY OF SUBSTITUTE MORTGAGE BONDS IN ACCORDANCE WITH THE TERMS OF THE INDENTURE, THE RELATED SERIES OF BONDS SHALL CEASE TO SECURE THE NOTES IN ANY MANNER AND THE NOTES SHALL INSTEAD BE
SECURED BY SUBSTITUTE MORTGAGE BONDS DELIVERED TO THE TRUSTEE PURSUANT TO SECTION 4.03 OF THE                      SUPPLEMENTAL INDENTURE DATED AS OF
                     TO THE INDENTURE DESCRIBED ABOVE. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security
Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of and any interest on this Note are payable or at such other offices or agencies as the
Company may designate, duly endorsed by or accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and the Security Registrar or any transfer agent duly executed by the registered Holder hereof or his or
her attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount will be issued to the designated transferee or
transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in relation thereto. 

Prior to due presentment for registration of transfer of this Note, the Company, the Trustee, any Paying Agent and any Note Registrar may deem
and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon made by anyone other than the Note Registrar) for the purpose of receiving
payment of or on account of the principal hereof and interest due hereon and for all other purposes, and neither the Company nor the Trustee nor any Paying Agent nor any Security Registrar shall be affected by any notice to the contrary. 

The Notes of this series are issuable only in fully registered form without coupons in denominations of $1,000 and any integral multiple
thereof. This Global Security is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the registered Holder surrendering the same. 

  
 A-6 

 As set forth in, and subject to the provisions of, the Indenture, no Holder of any Note will have
any right to institute any proceeding with respect to the Indenture or for any remedy thereunder, unless (i) such Holder shall have previously given to the Trustee written notice of a continuing Event of Default with respect to the Notes of this
series, (ii) the Holders of not less than 25% in principal amount of the outstanding Notes of this series shall have made written request, and offered reasonable indemnity, to the Trustee to institute such proceeding as trustee, (iii) the Trustee
shall have failed to institute such proceeding within 60 days and (iv) the Trustee shall not have received from the Holders of a majority in principal amount of the outstanding Notes of this series a direction inconsistent with such request within
such 60-day period; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal of or any interest on this Note on or after the respective due dates expressed
herein. 
 All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 A-7 

 IN WITNESS WHEREOF, the parties hereto have caused this Note to be duly executed and attested,
all as of the day and year first above written. 
  

									
		 		 		 	DTE ELECTRIC COMPANY
	[Corporate Seal]	 		 		 	
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	
				
	ATTEST:	 		 		 	
					
	By:	 	  
	 		 		 	
	Name:	 		 		 		 	
	Title:	 		 		 		 	

  
 A-8 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the series of Notes described in the within mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

			
	Date:	 	  

  
 A-9 

 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

	
	  

	(Please insert Social Security or Other Identifying Number of Assignee)

  

	
	  

	(Please print or type name and address, including zip code of assignee)

 the within Note and all rights thereunder, hereby irrevocably constituting and appointing such person attorneys to transfer
the within Note on the books of the Issuer, with full power of substitution in the premises. 
  

			
	Dated:	 	  

 NOTICE: The signature of this assignment must correspond with the name as written upon the face of the within
Note in every particular, without alteration or enlargement or any change whatever and NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agents Medallion Program (“STAMP”), the
Stock Exchange, Inc. Medallion Signature Program (“MSP”). When assignment is made by a guardian, trustee, executor or administrator, an officer of a corporation, or anyone in a representative capacity, proof of his or her authority to act
must accompany this Note. 

  
 A-10

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