Document:

TWO-YEAR CHANGE IN CONTROL AGREEMENT

     This Change in Control  Agreement (the "Agreement") is made effective as of
the 29th day of March, 2010 (the "Effective Date"), by and between  OmniAmerican
Bank  (the  "Bank"),   a  federally   chartered   stock  savings  bank  that  is
headquartered in Fort Worth, Texas, and Anne Holland ("Executive").

                                   WITNESSETH

     WHEREAS,  the Bank is a wholly owned  subsidiary of  OmniAmerican  Bancorp,
Inc.,  a  corporation  organized  under the laws of the State of  Maryland  (the
"Company");

     WHEREAS, Executive is currently employed as Senior Executive Vice President
and Chief Lending Officer of the Bank;

     WHEREAS,  the  Company  and the Bank  desire to be ensured  of  Executive's
continued active participation in the business of the Bank;

     WHEREAS,  in order to induce  Executive to remain in the employ of the Bank
and in  consideration  of  Executive's  agreeing  to remain in the employ of the
Bank,  the parties  desire to specify the severance  benefits which shall be due
Executive in the event that her  employment  with the Bank is  terminated  under
specified circumstances.

         NOW THEREFORE, in consideration of the mutual agreements herein
     contained,  and upon the other terms and conditions  hereinafter  provided,
the
parties hereby agree as follows:

1.   TERM OF AGREEMENT

     (a) The term of this  Agreement  shall begin as of the  Effective  Date and
shall continue for twenty-four (24) full calendar months hereafter.

     (b)  Commencing  on the  first  anniversary  date  of this  Agreement  (the
"Anniversary  Date") and continuing on each  Anniversary  Date  thereafter,  the
disinterested  members of the Board will conduct a comprehensive  evaluation and
review  of  Executive  for  purposes  of  determining  whether  to  extend  this
Agreement,  and the  results  thereof  will be  included  in the  minutes of the
Board's meeting.  On the basis of the results of the  comprehensive  performance
evaluation,  the disinterested  members of the Board may extend the term of this
Agreement  for an  additional  year  such  that  the  remaining  term  shall  be
twenty-four (24) months ("Renewal  Term"),  unless written notice of non-renewal
is provided to Executive at least thirty (30) days prior to any such Anniversary
Date,  in which  case  the term of this  Agreement  shall  be  fixed  and  shall
terminate at the end of the twenty-four  (24) months  following such Anniversary
Date.

2.   DEFINITIONS

     (a) Change in Control. For purposes of this Agreement, a "Change in
Control" means any of the following events:

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           (i) Merger:  The Company or the Bank merges into or consolidates with
               another  entity,  or merges another bank or corporation  into the
               Bank or the Company, and as a result, less than a majority of the
               combined  voting power of the resulting  corporation  immediately
               after the merger or  consolidation  is held by  persons  who were
               stockholders  of the Company or the Bank  immediately  before the
               merger or consolidation;

           (b) Acquisition of Significant Share Ownership: There is filed, or is
               required to be filed, a report on Schedule 13D or another form or
               schedule  (other than Schedule 13G) required under Sections 13(d)
               or 14(d) of the Securities  Exchange Act of 1934, as amended,  if
               the schedule  discloses  that the filing person or persons acting
               in concert has or have become the beneficial owner of 25% or more
               of a class of the  Company's  or the  Bank's  voting  securities;
               provided,  however, this clause (b) shall not apply to beneficial
               ownership of the  Company's or the Bank's voting shares held in a
               fiduciary  capacity by an entity of which the Company directly or
               indirectly  beneficially  owns  50% or  more  of its  outstanding
               voting securities;

           (c) Change in Board Composition: During any period of two consecutive
               years,  individuals  who  constitute  the Company's or the Bank's
               Board of Directors at the beginning of the two-year  period cease
               for any reason to constitute at least a majority of the Company's
               or the Bank's Board of  Directors;  provided,  however,  that for
               purposes of this clause (c),  each  director who is first elected
               by the board (or first nominated by the board for election by the
               stockholders  or  corporators)  by a vote of at least  two-thirds
               (2/3) of the directors who were directors at the beginning of the
               two-year  period  shall be deemed to have also been a director at
               the beginning of such period; or

           (d) Sale of Assets:  The  Company or the Bank sells to a third  party
               all or substantially all of its assets.

     (b) Good Reason shall mean a termination by Executive following a Change in
Control if, without  Executive's  express written consent,  any of the following
occurs:

           (1) failure to elect or reelect or to appoint or reappoint  Executive
               as Senior Executive Vice President and Chief Lending Officer;

           (2) a material change in Executive's position to become one of lesser
               responsibility,  importance or scope then the position  Executive
               held immediately prior to the Change in Control;

           (3) a liquidation or dissolution of the Bank other than  liquidations
               or dissolutions  that are caused by  reorganizations  that do not
               affect the status of Executive;

           (4) a material reduction in Executive's base salary;

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           (5) a material  reduction  in the  aggregate  welfare  and/or  fringe
               benefits  provided  to  Executive  from  those  provided  at  the
               effective  date of the Change in Control  (except in the event of
               an  employer-wide  reduction in such benefits,  provided that the
               reduction in Executive's benefits is not in excess of the average
               percentage applicable to other executive officers of the employer
               as a group); or

           (6) a relocation of Executive's principal place of employment by more
               than 50 miles from its location as of the date of this Agreement.

           provided,  however,  that prior to any  termination of employment for
           Good Reason,  Executive must first provide written notice to the Bank
           (or its  successor)  within  ninety (90) days  following  the initial
           existence  of  the  condition,   describing  the  existence  of  such
           condition, and the Bank shall thereafter have the right to remedy the
           condition  within  thirty (30) days of the date the Bank received the
           written  notice from  Executive.  If the Bank  remedies the condition
           within such thirty (30) day cure period, then no Good Reason shall be
           deemed to exist with respect to such condition.  If the Bank does not
           remedy the  condition  within such thirty (30) day cure period,  then
           Executive may deliver a Notice of Termination  for Good Reason at any
           time within sixty (60) days  following  the  expiration  of such cure
           period.

     (c)  Termination for Cause shall mean  termination  because of, in the good
faith determination of the Board, Executive's:

           (1) personal dishonesty;

           (2) incompetence;

           (3) willful misconduct;

           (4) breach of fiduciary duty involving personal profit;

           (5) material breach of the Bank's Code of Ethics;

           (6) material  violation  of  the   Sarbanes-Oxley   requirements  for
               officers of public  companies that in the  reasonable  opinion of
               the  Board  will  likely  cause  substantial  financial  harm  or
               substantial injury to the reputation of the Bank;

           (7) intentional failure to perform stated duties;

           (8) willful  violation  of any law,  rule or  regulation  (other than
               traffic violations or similar  offenses),  any felony conviction,
               any violation of law involving moral turpitude,  or any violation
               of a final cease-and-desist order; or

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<PAGE>

           (9) material breach by Executive of any provision of this Agreement.

     A determination of whether  Executive's  employment shall be terminated for
Cause shall be made at a meeting of the Board called and held for such  purpose,
or in such other  manner as is permitted  under the By-laws of the Bank,  upon a
finding  that in good  faith  opinion of the Board an event set forth in clauses
(1), (2), (3), (4), (5), (6), (7), (8), or (9) above has occurred and specifying
the particulars thereof in detail.

     (d)  For  purposes  of  this  Agreement,  any  termination  of  Executive's
employment for which a payment or benefit is due under this Agreement,  shall be
construed to require a "Separation from Service" in accordance with Section 409A
of  the  Internal   Revenue  Code  ("Code")  and  the  regulations   promulgated
thereunder,  such that the Bank and  Executive  reasonably  anticipate  that the
level of bona  fide  services  Executive  would  perform  after  termination  of
employment  would  permanently  decrease to a level that is less than 20% of the
average  level of bona fide  services  performed  (whether  as an employee or an
independent  contractor) over the immediately  preceding  thirty-six  (36)-month
period.

3.   BENEFITS UPON TERMINATION

     (a) The  Board  or the  President  of the Bank  may  terminate  Executive's
employment  at any time  prior to the  occurrence  of a Change  in  Control  and
Executive  shall not be entitled to any  payments  or benefits  hereunder.  This
Agreement shall terminate upon  Executive's  termination of employment  prior to
the  occurrence of a Change in Control.  Following the occurrence of a Change in
Control,  the Board may terminate  Executive's  employment at any time,  but any
such  termination,  other  than  termination  for  Cause,  shall  not  prejudice
Executive's  right to compensation  or other benefits under this  Agreement.  If
Executive's employment by the Bank shall be terminated subsequent to a Change in
Control  and  during the term of this  Agreement  by (i) the Bank for other than
Cause,  or (ii)  Executive  for Good Reason,  then the Bank,  or its  successor,
shall:

           (1) pay Executive,  or in the event of Executive's  subsequent death,
               Executive's   beneficiary   or   beneficiaries   or  estate,   as
               applicable, a cash severance amount equal to two times:

               (i)  Executive's  base  salary  in  effect  as  of  the  Date  of
                    Termination, and

               (ii) the highest rate of bonus earned by Executive  from the Bank
                    (including  amounts  deferred at the  Executive's  election)
                    during  the  calendar  year in which  termination  occurs or
                    either of the two calendar years  immediately  preceding the
                    year in which the termination occurs,

           payable by lump sum within  thirty (30)  business days of the Date of
           Termination.

           (2) pay for or permit  Executive to purchase  such  continued  health
               care  coverage  for  Executive  and  Executive's   family  as  is
               customarily  available  to  employees of the Bank and as required
               under the Consolidated Omnibus Budget Reconciliation Act of 1985,

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<PAGE>

               as amended from time to time  ("COBRA") and the Texas health care
               continuation   laws  for  the  maximum   period   required  under
               applicable  law. In the event  Executive  is required to purchase
               such  coverage,  the Bank shall  reimburse  the Executive for the
               premiums paid by Executive, no less frequently than quarterly and
               within 15 days following the end of a quarter, such that premiums
               paid in the first  quarter of a calendar year shall be reimbursed
               by  April  15,  premiums  paid in the  second  quarter  shall  be
               reimbursed by July 15, etc., provided that the Bank shall only be
               obligated to reimburse Executive for such premiums for the lesser
               of:  (i) the  aggregate  period  required  by COBRA and the Texas
               health care continuation laws, or (ii) two years from the date of
               Executive's termination of employment.

     (b) In no event  shall the  payments  or benefits to be made or provided to
Executive  under  Section 3 hereof (the  "Termination  Benefits")  constitute an
"excess  parachute  payment"  under  Section  280G of the Code or any  successor
thereto,  and in order to avoid  such a  result,  Termination  Benefits  will be
reduced,  if necessary,  to an amount,  the value of which is one dollar ($1.00)
less than an  amount  equal to three (3) times  Executive's  "base  amount,"  as
determined  in  accordance  with Section 280G of the Code.  The reduction of the
Termination  Benefits  provided  by this  Section 3 shall be applied to the cash
severance benefits otherwise payable under Section 3(a) hereof.

4.   NOTICE OF TERMINATION

     Any purported termination by the Bank or by Executive in connection with or
following a Change in Control shall be  communicated by Notice of Termination to
the  other  party  hereto.  For  purposes  of  this  Agreement,   a  "Notice  of
Termination"  shall  mean a written  notice  which  shall  indicate  the Date of
Termination  and,  in the  event  of  termination  by  Executive,  the  specific
termination  provision  in this  Agreement  relied  upon and  shall set forth in
reasonable  detail  the facts and  circumstances  claimed to provide a basis for
termination of Executive's employment under the provision so indicated. "Date of
Termination" shall mean the date specified in the Notice of Termination  (which,
in the case of a termination for Cause,  shall be immediate).  In no event shall
the Date of  Termination  exceed  thirty  (30) days from the date the  Notice of
Termination is given.

5.   SOURCE OF PAYMENTS

     All  payments  provided in this  Agreement  shall be timely paid in cash or
check from the general funds of the Bank.

6.   REQUIRED REGULATORY PROVISIONS

     (a) If Executive is suspended  from office  and/or  temporarily  prohibited
from participating in the conduct of the Bank's affairs by a notice served under
Section 8(e)(3) (12 USC  ss.1818(e)(3)) or 8(g)(1) (12 USC ss.1818(g)(1)) of the
Federal  Deposit  Insurance  Act  ("FDIA"),  the Bank's  obligations  under this
Agreement  shall  be  suspended  as of the date of  service,  unless  stayed  by
appropriate  proceedings.  If the charges in the notice are dismissed,  the Bank

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<PAGE>

may in its discretion (i) pay Executive all or part of the compensation withheld
while its contract obligations were suspended and (ii) reinstate (in whole or in
part) any of its obligations which were suspended.

     (b)  If   Executive  is  removed   and/or   permanently   prohibited   from
participating  in the  conduct of the Bank's  affairs by an order  issued  under
Section 8(e)(4) (12 U.S.C.  ss.1818(e)(4)) or 8(g)(1) (12 U.S.C.  ss.1818(g)(1))
of FDIA, all  obligations of the Bank under this Agreement shall terminate as of
the effective date of the order,  but vested rights of the  contracting  parties
shall not be affected.

     (c) If the Bank is in default as  defined  in  Section  3(x)(1)  (12 U.S.C.
ss.1813(x)(1))  of FDIA, all obligations under this Agreement shall terminate as
of the date of default, but this paragraph shall not affect any vested rights of
the contracting parties.

     (d) All obligations under this Agreement shall be terminated, except to the
extent  determined  that  continuation  of this  Agreement is necessary  for the
continued  operation  of the  Bank,  (i) by  the  Director  of OTS or his or her
designee, at the time the FDIC enters into an agreement to provide assistance to
or on behalf of the Bank under the  authority  contained  in  Section  13(c) (12
U.S.C.  ss.1823(c))  of  FDIA;  or  (ii)  by the  Director  of OTS or his or her
designee  at the time the  Director  of OTS or his or her  designee  approves  a
supervisory merger to resolve problems related to operations of the Bank or when
the Bank is determined by the Director of OTS or his or her designee to be in an
unsafe or unsound condition. Any rights of the parties that have already vested,
however, shall not be affected by such action.

     (e)  Notwithstanding  anything  herein to the  contrary,  any  payments  to
Executive by the Company,  whether pursuant to this Agreement or otherwise,  are
subject to and conditioned  upon their compliance with Section 18(k) of FDIA, 12
U.S.C. Section 1828(k), and the regulations  promulgated thereunder in 12 C.F.R.
Part 359.

     (f) Notwithstanding anything herein to the contrary, payments to or for the
benefit of Executive  hereunder shall not exceed three times Executive's  annual
average  compensation for the five most recent taxable years, within the meaning
of Section 310 of the Office of Thrift Supervision Examination Handbook.

7.   NO ATTACHMENT

     Except  as  required  by law,  no  right to  receive  payments  under  this
Agreement  shall be  subject to  anticipation,  commutation,  alienation,  sale,
assignment,  encumbrance,  charge,  pledge, or  hypothecation,  or to execution,
attachment,  levy, or similar process or assignment by operation of law, and any
attempt,  voluntary  or  involuntary,  to effect any such action  shall be null,
void, and of no effect.

8.   ENTIRE AGREEMENT; MODIFICATION AND WAIVER

     (a) This Agreement  contains the entire  understanding  between the parties
hereto and supersedes any prior agreement between the Bank and Executive, except
that this  Agreement  shall not  affect or  operate  to reduce  any  benefit  or
compensation inuring to Executive of a kind elsewhere provided.  No provision of

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<PAGE>

this  Agreement  shall be  interpreted  to mean that  Executive  is  subject  to
receiving fewer benefits than those  available to her without  reference to this
Agreement.

     (b) This  Agreement may not be modified or amended  except by an instrument
in writing signed by the parties hereto.

     (c) No term or  condition  of this  Agreement  shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement,  except by written  instrument of the party charged with such
waiver or estoppel.  No such written waiver shall be deemed a continuing  waiver
unless specifically  stated therein,  and each such waiver shall operate only as
to the specific  term or condition  waived and shall not  constitute a waiver of
such  term  or  condition  for  the  future  or as to any act  other  than  that
specifically waived.

9.   SEVERABILITY

     If, for any reason,  any  provision of this  Agreement,  or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this  Agreement or any part of such  provision not held so invalid,  and each
such other  provision and part thereof shall to the full extent  consistent with
law continue in full force and effect.

10.  HEADINGS FOR REFERENCE ONLY

     The headings of sections  and  paragraphs  herein are  included  solely for
convenience of reference and shall not control the meaning or  interpretation of
any of the provisions of this Agreement.

11.  GOVERNING LAW

     This Agreement shall be governed by the laws of the State of Texas but only
to the extent not superseded by federal law.

12.  ARBITRATION

     Any  dispute  or  controversy  arising  under or in  connection  with  this
Agreement shall be settled exclusively by binding arbitration, as an alternative
to civil  litigation  and  without  any trial by jury to  resolve  such  claims,
conducted by a single arbitrator, mutually acceptable to the Bank and Executive,
sitting in a location selected by the Bank within fifty (50) miles from the main
office of the Bank,  in  accordance  with the rules of the American  Arbitration
Association's  National Rules for the Resolution of Employment  Disputes then in
effect.  Judgment may be entered on the  arbitrator's  award in any court having
jurisdiction.

13.  PAYMENT OF LEGAL FEES

     To the extent that such payment(s) may be made without  triggering  penalty
under Code Section 409A, all reasonable legal fees paid or incurred by Executive
pursuant to any dispute or question of interpretation relating to this Agreement
shall  be  paid  or  reimbursed  by the  Bank,  provided  that  the  dispute  or

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interpretation  has been resolved in Executive's  favor, and such  reimbursement
shall occur no later than sixty (60) days after the end of the year in which the
dispute is settled or resolved in Executive's favor.

14.  OBLIGATIONS OF BANK

     The termination of Executive's employment, other than following a Change in
Control, shall not result in any obligation of the Bank under this Agreement.

15.  SUCCESSORS AND ASSIGNS

     The Bank  shall  require  any  successor  or  assignee,  whether  direct or
indirect,  by  purchase,   merger,   consolidation  or  otherwise,   to  all  or
substantially   all  the  business  or  assets  of  the  Bank,   expressly   and
unconditionally to assume and agree to perform the Bank's obligations under this
Agreement,  in the same  manner  and to the same  extent  that the Bank would be
required to perform if no such succession or assignment had taken place.

                            [Signature Page Follows]
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                                   SIGNATURES

     IN WITNESS  WHEREOF,  the Bank has caused this  Agreement to be executed by
its duly authorized officer, and Executive has signed this Agreement,  as of the
Effective Date.

                                            OMNIAMERICAN BANK

                                            By: /s/ Wayne P. Burchfield, Jr.
                                                --------------------------------

                                            EXECUTIVE

                                            By: /s/ Anne Holland
                                                --------------------------------
                                                Anne Holland

                                       9Exhibit 10.1

Exhibit 10.1

REGISTRATION RIGHTS AGREEMENT

This REGISTRATION RIGHTS AGREEMENT, dated as of March 31, 2010 (this “Agreement”), is
entered into by and between DTE ENERGY COMPANY, a Michigan corporation (the “Company”), and
EVERCORE TRUST COMPANY, N.A., solely in its capacity as duly appointed and acting investment
manager (the “Manager”) of a segregated account held in the DTE Energy Company Affiliates
Employee Benefit Plans Master Trust (the “Trust”) created under the DTE Energy Company
Retirement Plan (the “Plan”).

RECITALS

WHEREAS, The Detroit Edison Company (“Detroit Edison”) has agreed, pursuant to certain
Contribution Agreements entered into by and between Detroit Edison and the Manager on each of March
26, 2010, March 29, 2010, March 30, 2010, and March 31, 2010, to contribute an aggregate of [TOTAL
SHARES] shares of the Company’s common stock, no par value (“Common Stock”), to the Trust
(the “Contribution”), to be held in a single segregated account (the “Segregated
Account”) in the Trust (such contributed shares, the “Registrable Shares”);

WHEREAS, pursuant to the Investment Management Agreement, dated the date hereof, among the
Manager, DTE Energy Investment Committee (the “Committee”) and DTE Energy Corporate Services, LLC
(the “Plan Sponsor”) (the “Investment Management Agreement”), the Manager has been appointed as a
“fiduciary” of the Trust, as defined in Section 3(21) of the Employee Retirement Income Security
Act of 1974, as amended, but only to the extent of the assets in the Segregated Account, with the
authority to act on behalf of the Trust with respect to all assets held in the Segregated Account;

WHEREAS, the Company has agreed to grant certain registration rights with respect to the
Registrable Shares held in the Segregated Account, on the terms and subject to the conditions set
forth in this Agreement; and

WHEREAS, pursuant to the Investment Management Agreement, the Manager has full power and
authority to execute and deliver this Agreement for the benefit of the Trust and to take any
actions required or permitted to be taken in connection with this Agreement.

NOW, THEREFORE, in consideration of the premises and mutual promises set forth herein, the
parties hereto hereby agree as follows:

(1) Registration; Compliance with the Securities Act. The Company hereby agrees that,
to the extent not prohibited by any applicable law or applicable interpretations of the staff of
the Securities and Exchange Commission (the “SEC”), it shall:

(a) prepare and file with the SEC, as soon as reasonably practicable on or after the date of
the Contribution, but in no event more than twenty (20) days after the Contribution is completed on
or about March 31, 2010, a shelf registration statement on Form S-3 covering the sale of all the
Registrable Shares held by the Trust, except to the extent it has an existing shelf registration
statement covering the Common Stock which may be used for the purposes contemplated herein (such
new or existing registration statement and any successor registration statement filed under the
Securities Act of 1933, as amended (the “Securities Act”) hereinafter
referred to as the “Registration Statement”), to enable the Manager to direct the
Trustee to offer and sell any or all of the Registrable Shares from time to time in the manner
contemplated by the plan of distribution set forth in the Registration Statement, as amended by any
prospectus supplement or post-effective amendment thereto;

 

 

 

(b) use its commercially reasonable efforts to cause the Registration Statement, if not
effective on the date the Contribution is completed, to become effective as promptly as reasonably
possible after filing and to remain continuously effective until the earliest of (i) the date on
which all Registrable Shares have been sold, (ii) the date on which all Registrable Shares may be
sold by the Trust to the public in accordance with Rule 144 under the Securities Act or any
successor rule thereto (as such rule may be amended from time to time, “Rule 144”) and when no
conditions of Rule 144 or such successor rule are then applicable to the Trust (other than the
holding period requirement in paragraph (d) of Rule 144, so long as such holding period requirement
is satisfied at such time of determination) and (iii) the date that is 90 days after the date on
which the number of Registrable Shares held by the Trust is less than one percent of the shares of
Common Stock then outstanding (the period from the date of effectiveness until such earliest date,
the “Registration Period”); provided that the Company shall not be required to file
the Registration Statement or cause the Registration Statement to become effective during any
suspension period pursuant to Section 2(c) or (d) below;

(c) prepare and file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus relating thereto filed with the SEC
pursuant to Rule 424(b) under the Securities Act or, if no such filing is required, as included in
the Registration Statement (the “Prospectus”), as may be necessary to keep the Registration
Statement effective at all times until the end of the Registration Period; provided that
the Company shall not be required to file any such amendment or supplement during any suspension
period pursuant to Section 2(c) or (d) below;

(d) furnish the Manager with such reasonable number of copies of the Prospectus, in conformity
with the requirements of the Securities Act, and such other documents as the Manager may reasonably
request, in order to facilitate the public sale or other disposition of all or any of the
Registrable Shares by the Trust;

(e) use its commercially reasonable efforts to file any documents necessary to register or
qualify the Registrable Shares under the securities or blue sky laws of such jurisdictions as the
Manager shall reasonably designate in writing; provided that the Company shall not be
required to (i) qualify as a foreign corporation or other entity or as a dealer in securities in
any such jurisdiction where it would not otherwise be required to so qualify, (ii) file any general
consent to service of process in any such jurisdiction or (iii) subject itself to taxation in any
such jurisdiction if it is not otherwise so subject;

(f) use its commercially reasonable efforts to cause the Registrable Shares to be listed on
the New York Stock Exchange (the “NYSE”) as soon as reasonably practicable after the date
the Contribution is completed; and

 

2

 

(g) bear all expenses in connection with the actions contemplated by paragraphs (a) through
(f) of this Section 1 and the registration for sale of the Registrable Shares pursuant to the Registration Statement, including reasonable fees and expenses of legal counsel to the Manager
incurred in connection with the registration and sale of the Registrable Shares (such fees and
expenses of legal counsel not to exceed $25,000 in the aggregate without the Company’s prior
written consent, which consent shall not be unreasonably withheld), but excluding underwriting
discounts, brokerage fees, commissions and transfer taxes incurred by the Manager, the Trust or the
Plan, if any.

It shall be a condition precedent to the obligations of the Company to take any action
pursuant to this Section 1 that the Manager shall provide such reasonable assistance to the Company
and furnish, or cause to be furnished, to the Company in writing such information regarding the
Manager, the Registrable Shares to be sold and the intended method or methods of disposition of the
Registrable Shares as shall be necessary to effect the registration of the Registrable Shares and
as may be required from time to time under the Securities Act and the rules and regulations
thereunder.

(2) Transfer of Registrable Shares after Registration; Suspension.

(a) The Manager agrees that (i) it will not (and it will not direct the Trustee to) offer to
sell or make any sale, assignment, pledge, hypothecation or other transfer with respect to the
Registrable Shares that would constitute a sale within the meaning of the Securities Act, except
pursuant to either the Registration Statement or Rule 144 under the Securities Act, and (ii) it
will promptly notify the Company of any changes in the information set forth in the Registration
Statement regarding the Manager or the intended plan of distribution of the Registrable Shares.

(b) The Manager and the Company agree that the Registrable Shares may be sold in one or more
privately-negotiated block trades; provided that no such block trade may exceed 100,000
shares and that no more than one privately-negotiated block trade may be made to a single purchaser
or affiliates of such purchaser within a twelve-month period.

(c) In addition to any suspension rights under Section 2(d) below, the Company may, upon the
happening of any event or the existence of any state of facts that, in the judgment of an executive
officer of the Company or the Company’s legal counsel, renders advisable the suspension of the
disposition of Registrable Shares covered by the Registration Statement or the use of the
Prospectus or any supplement thereto due to pending transactions or other corporate developments,
public filings with the SEC or similar events, suspend the disposition of Registrable Shares
covered by the Registration Statement and the use of such Prospectus or any supplement thereto for
a period of not more than 90 days upon written notice (a “Suspension Event Notice”) to the
Manager (which Suspension Event Notice will not disclose the content of any material non-public
information and will indicate the dates of the beginning and the end of the intended suspension, if
known), in which case the Manager, upon receipt of such Suspension Event Notice, shall discontinue
(and cause the Trust to discontinue) disposition of Registrable Shares covered by the Registration
Statement and the use of any applicable Prospectus or any supplement thereto (an “Event
Suspension”) until copies of a supplemented or amended Prospectus are distributed to the
Manager or until the Manager is advised in writing by the Company that the disposition of
Registrable Shares covered by the Registration Statement or the use of the Prospectus or supplement
thereto may be resumed; provided that such right to suspend the disposition of Registrable
Shares covered by the Registration Statement or the use of the
Prospectus or supplement thereto shall not be exercised by the Company for more than 120 days
in any 12-month period. Any Event Suspension and Suspension Event Notice described in this Section
2(c) shall be held in confidence and not disclosed by the Manager, except as required by law.

 

3

 

(d) Subject to Section 2(g) below, in the event of: (i) any request by the SEC or any other
federal or state governmental authority for amendments or supplements to the Registration Statement
or related Prospectus or for additional information; (ii) the issuance by the SEC or any other
federal or state governmental authority of any stop order suspending the effectiveness of the
Registration Statement or the initiation of any proceedings for that purpose, including the receipt
by the Company of any notice of objection of the SEC to the use of the Registration Statement or
any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act; (iii) the
receipt by the Company of any notification with respect to the suspension of the qualification or
exemption from qualification of any of the Registrable Shares for sale in any jurisdiction or the
initiation of any proceedings for such purpose; or (iv) any event or circumstance that necessitates
the making of any changes in the Registration Statement or the Prospectus, or any document
incorporated or deemed to be incorporated therein by reference, so that, in the case of the
Registration Statement, it will not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not
misleading, and that, in the case of the Prospectus, it will not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances under which they were made, not
misleading, in each case, during the Registration Period, then the Company shall deliver a
certificate in writing to the Manager (a “Suspension Notice”) to the effect of the
foregoing (which Suspension Notice will not disclose the content of any material non-public
information and will indicate the dates of the beginning and the end of the intended suspension, if
known) and, upon receipt of such Suspension Notice, the Manager shall refrain (and cause the Trust
to refrain) from selling any Registrable Shares pursuant to the Registration Statement or using the
Prospectus or any supplement thereto (a “Suspension”) until the Manager has received copies
of a supplemented or amended Prospectus prepared and filed by the Company, or until the Manager is
advised in writing by the Company that the current Prospectus or supplement thereto may be used.
In the event of any Suspension, the Company will use its commercially reasonable efforts to cause
the availability for use of the Registration Statement and the Prospectus to be resumed as soon as
reasonably possible after delivery of a Suspension Notice to the Manager. Any Suspension and
Suspension Notice described in this Section 2(d) shall be held in confidence and not disclosed by
the Manager, except as required by law.

(e) In order to enforce the covenants of the Manager set forth in Sections 2(c) and (d) above,
the Company may impose stop transfer instructions with respect to the sale of Registrable Shares by
the Trust until the end of the applicable suspension period.

(f) If so directed by the Company, the Manager shall deliver to the Company all physical
copies of the Prospectus and any supplements thereto in its possession at the time of receipt by
the Manager of any Suspension Event Notice or Suspension Notice.

 

4

 

(g) The Manager may sell Registrable Shares under the Registration Statement; provided
that (i) neither a Suspension nor an Event Suspension is then in effect, (ii) the Manager
sells in accordance with the plan of distribution in the Prospectus and (iii) the Manager
arranges for delivery of a current Prospectus (as supplemented) to any transferee receiving such
Registrable Shares in compliance with the prospectus delivery requirements of the Securities Act.

(h) The Manager shall not use any free writing prospectus (as defined in Rule 405 under the
Securities Act) in connection with the sale of the Registrable Shares without the prior written
consent of the Company.

(3) Indemnification. For the purpose of this Section 3, the term “Registration
Statement” shall include any preliminary or final Prospectus, exhibit, supplement or amendment
included in or relating to the Registration Statement defined in Section 1(a).

(a) Indemnification by the Company. The Company agrees to (i) indemnify and hold
harmless the Manager (including, for purposes of this Section 3, the officers, directors, employees
and agents of the Manager), and each person, if any, who controls the Manager within the meaning of
Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or
Section 15 of the Securities Act (the “Manager Indemnitees”), from and against any and all losses,
claims, damages, liabilities or expenses, joint or several (each, a “Loss” and,
collectively, “Losses”), to which any Manager Indemnitee may become subject under the
Securities Act, the Exchange Act or any other federal or state law or regulation, or at common law
or otherwise (including in settlement of any litigation, if such settlement is effected with the
written consent of the Company, which consent shall not be unreasonably withheld or delayed), only
to the extent such Losses (or actions in respect thereof as contemplated below) arise out of or are
based upon (A) any failure on the part of the Company to comply with the covenants and agreements
contained in this Agreement or (B) any untrue statement or alleged untrue statement of any material
fact contained in the Registration Statement, the Prospectus or any amendment or supplement
thereto, or the omission or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein (in the case of the Prospectus or any
supplement thereto, in light of the circumstances under which they were made) not misleading, and
(ii) reimburse each Manager Indemnitee for any reasonable legal fees and other reasonable
out-of-pocket expenses as such expenses are incurred by such Manager Indemnitee in connection with
investigating, defending, settling, compromising or paying any such Loss or action;
provided that the Company will not be liable in any such case to the extent that any such
Loss arises out of or is based upon (1) an untrue statement or alleged untrue statement or omission
or alleged omission made in the Registration Statement, the Prospectus or any amendment or
supplement thereto in reliance upon and in conformity with information furnished in writing to the
Company by the Manager, (2) any untrue statement or omission of a material fact required to make
such statement not misleading in the Prospectus that is corrected in an amended or supplemented
Prospectus that was delivered to the Manager before the pertinent sale or sales by the Manager or
(3) any untrue statement or alleged untrue statement or omission or alleged omission in the
Registration Statement, the Prospectus or any amendment or supplement thereto, when used or
distributed by the Manager during a period in which an Event Suspension or Suspension is properly
in effect under Section 2(c) or (d). The Manager hereby agrees that if the Manager or any of its
controlling persons is not entitled to indemnification for any Loss pursuant to this Section 3(a)
as a result of clause (1), (2) or (3) above, then none of the Manager
Indemnitees shall be entitled to indemnification for such Loss pursuant to the terms of the
indemnification provisions set forth in the Investment Management Agreement or that certain
engagement letter dated February 23, 2010 among the Plan Sponsor, the Manager and the Committee.

 

5

 

(b) Indemnification by the Manager. To the extent permitted by applicable law, the
Manager will (i) indemnify and hold harmless the Company, Detroit Edison, the Plan Sponsor, the
Committee, each director of the Company, each member of the Committee, each of the Company’s
officers who signed the Registration Statement and each person, if any, who controls the Company
within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act
(the “Company Indemnitees”), from and against any and all Losses to which any Company
Indemnitee may become subject under the Securities Act, the Exchange Act or any other federal or
state law or regulation, or at common law or otherwise (including in settlement of any litigation,
if such settlement is effected with the written consent of the Manager, which consent shall not be
unreasonably withheld or delayed), only to the extent such Losses (or actions in respect thereof as
contemplated below) arise out of or are based upon (i) any failure on the part of the Manager to
comply with the covenants and agreements contained in this Agreement with respect to the sale of
the Registrable Shares or (ii) any untrue statement or alleged untrue statement of any material
fact contained in the Registration Statement, the Prospectus or any amendment or supplement
thereto, or the omission or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein (in the case of the Prospectus or any
supplement thereto, in light of the circumstances under which they were made) not misleading;
provided that the Manager will be liable in any such case only to the extent that any such
untrue statement or alleged untrue statement or omission or alleged omission was made in the
Registration Statement, the Prospectus or any amendment or supplement thereto in reliance upon and
in conformity with information furnished in writing to the Company by or on behalf of the Manager,
and (ii) reimburse such Company Indemnitee for any reasonable legal fees and other reasonable
out-of-pocket expenses as such expenses are incurred by such Company Indemnitee in connection with
investigating, defending, settling, compromising or paying any such Loss or action. In no event
shall the liability of the Manager under this Section 3 be greater than the aggregate fees received
by the Manager pursuant to the Investment Management Agreement.

(c) Indemnification Procedure. (i) Promptly after receipt by an indemnified party
under this Section 3 of written notice of the threat or commencement of any action, such
indemnified party will, if a claim in respect thereof is to be made against an indemnifying party
under this Section 3, promptly notify the indemnifying party in writing of the claim;
provided that the omission so to notify the indemnifying party will not relieve the
indemnifying party from any liability which it may have to any indemnified party under the
indemnity agreement contained in this Section 3 or otherwise, to the extent that the indemnifying
party is not prejudiced as a result of such failure.

(ii) In case any such action is brought against any indemnified party and such
indemnified party notifies an indemnifying party thereof and seeks or intends to seek
indemnity from such indemnifying party, such indemnifying party will be entitled to
participate in, and to the extent that it may determine, jointly with all other indemnifying
parties similarly notified, to assume, the defense thereof with counsel reasonably

 

6

 

satisfactory to such indemnified party; provided that, if the defendants in any
such action include both such indemnified party and such indemnifying party and such
indemnified party shall have reasonably concluded that there may be a conflict between its
position and the position of such indemnifying party with respect to the conduct of the
defense of any such action or that there may be legal defenses available to it that are
different from or additional to those available to such indemnifying party, in each case,
such indemnified party shall have the right to select separate counsel to assume such legal
defenses and to otherwise participate in the defense of such action on behalf of such
indemnified party. Upon receipt of notice from such indemnifying party of its election so
to assume the defense of such action and approval by such indemnified party of such
indemnifying party’s counsel, such indemnifying party will not be liable to such indemnified
party under this Section 3 for any legal or other expenses subsequently incurred by such
indemnified party in connection with the defense of such action; provided that the
reasonable fees and expenses of counsel of such indemnified party shall be at the expense of
such indemnifying party if (A) such indemnified party shall have employed such counsel in
connection with the assumption of legal defenses in accordance with the proviso to the
preceding sentence (it being understood that such indemnifying party shall not be liable for
the expenses of more than one separate counsel (in addition to any local counsel) for all
indemnified parties who are parties to such action) or (B) such indemnifying party shall not
have employed counsel reasonably satisfactory to the indemnified party to represent the
indemnified party within a reasonable time after notice of commencement of the action.

(d) Contribution. (i) If the indemnification provided for in this Section 3 is held
by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any
Loss referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified
party hereunder, shall contribute to the amount paid or payable by such indemnified party as a
result of such Loss in such proportion as is appropriate to reflect the relative fault of such
indemnifying party on the one hand and of such indemnified party on the other hand in connection
with the statements or omissions that resulted in such Loss, as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and of such indemnified
party shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates
to information supplied by such indemnifying party or by such indemnified party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. The amount paid or payable by a party as a result of the Losses referred to
above shall be deemed to include, subject to the limitations set forth in Section 3(c) hereof, any
legal or other fees or expenses reasonably incurred by such party in connection with any
investigation or proceeding.

(ii) The parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 3(d) were determined by pro rata allocation or by
any other method of allocation that does not take into account the equitable considerations
referred to in the immediately preceding paragraph. Notwithstanding the provisions of this
Section 3(d), in no event shall the Manager be required to contribute any amount in excess
of the aggregate fees received by the Manager pursuant to the Investment Management
Agreement. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person or entity who was not guilty of such fraudulent
misrepresentation.

 

7

 

(e) Non-Exclusive Remedies. The remedies provided for in this Section 3 are not
exclusive and shall not limit any rights or remedies that may otherwise be available to any
indemnified person at law or in equity.

(f) Surviving Obligations. The obligations of the Company and the Manager under this
Section 3 shall survive the termination of this Agreement and the completion of the disposition of
the Registrable Shares.

(4) Rule 144 Information. For such period as the Trust or the Plan holds any
Registrable Shares received pursuant to the Contribution, the Company shall use its reasonable best
efforts to file all reports required to be filed by it under the Exchange Act and the rules and
regulations thereunder and shall use its reasonable best efforts to take such reasonable further
action to the extent required to enable the Manager to sell the Registrable Shares pursuant to Rule
144.

(5) Rights of the Trust. All of the rights and benefits conferred on the Manager
pursuant to this Agreement (other than the right to indemnification provided in Section 3) are
intended to inure to the benefit of the Trust.

(6) Miscellaneous.

(a) Governing Law. This Agreement shall be governed by and construed and interpreted
in accordance with the laws of the State of Michigan, irrespective of the choice of laws principles
of the State of Michigan, as to all matters, including matters of validity, construction, effect,
enforceability, performance and remedies.

(b) Force Majeure. Neither party will have any liability for damages or delay due to
fire, explosion, lightning, pest damage, power failure or surges, strikes or labor disputes, water
or flood, acts of God, the elements, war, civil disturbances, acts of civil or military authorities
or the public enemy, acts or omissions of communications or other carriers or any other cause
beyond a party’s reasonable control (other than that which arises from the gross negligence or
willful misconduct of such party), whether or not similar to the foregoing, that prevent such party
from materially performing its obligations hereunder.

(c) Entire Agreement; Modification; Waivers. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and shall supersede all
previous negotiations, commitments and writings with respect to the matters discussed herein. This
Agreement may not be altered, modified or amended except by a written instrument signed by both
parties. The failure of any party to require the performance or satisfaction of any term or
obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not
prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent
breach.

 

8

 

(d) Severability. The provisions of this Agreement are severable and, in the event
that any provision is deemed illegal or unenforceable, the remaining provisions shall remain in
full force and effect, unless the deletion of any such illegal or unenforceable provision shall
cause this Agreement to become materially adverse to either party, in which event the parties shall
use commercially reasonable efforts to arrive at an accommodation that best preserves for the
parties the benefits and obligations of the offending provision.

(e) Notices. Except as otherwise expressly provided, any notice, request, demand or
other communication permitted or required to be given under this Agreement shall be in writing,
shall be sent by one of the following means to the Company or the Manager at the addresses set
forth below (or to such other address as shall be designated hereunder by notice to the other
parties and persons receiving copies, effective upon actual receipt), and shall be deemed
conclusively to have been given (i) on the first business day following the day timely deposited
with Federal Express (or other equivalent national overnight courier) or United States Express
Mail, with the cost of delivery prepaid or for the account of the sender, (ii) on the fifth
business day following the day duly sent by certified or registered United States mail, postage
prepaid and return receipt requested, or (iii) when otherwise actually received by the addressee on
a business day (or on the next business day if received after the close of normal business hours or
on any non-business day).

If to the Manager:

Evercore Trust Company, N.A.

55 East 52nd Street

New York, NY 10055

Attention: Norman P. Goldberg, Managing Director

If to the Company:

DTE Energy Company

One Energy Plaza, 852 WCB

Detroit, MI 48226

Attention: Paul B. Cavazos

(f) Title and Headings. Titles and headings to sections herein are inserted for
convenience of reference only and are not intended to be part of or to affect the meaning or
interpretation of this Agreement.

(g) Execution in Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

(h) Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the Company and the Manager and their respective successors and permitted assigns. None
of the rights or obligations under this Agreement shall be assigned by the Manager without the
prior written consent of the Company and the Trust in their sole discretion. Any purported
assignment in violation of the foregoing sentence shall be null and void.

 

9

 

(i) Termination. Except as set forth in Section (3) hereof (which indemnification
rights and obligations shall survive any expiration or termination of this Agreement), this
Agreement and all rights, restrictions and obligations of the parties hereunder shall terminate at
the end of the Registration Period.

 

10

 

IN WITNESS WHEREOF, each of the Company and the Manager has caused this Agreement to be duly
executed on its behalf by its duly authorized officer as of the date first written above.

	 	 	 	 	 
	 	DTE ENERGY COMPANY

 	 
	 	By:  	/s/ Edward Solomon
 	 
	 	 	Name:  	Edward Solomon 	 
	 	 	Title:  	Assistant Treasurer 	 
	 
	 	EVERCORE TRUST COMPANY, N.A.,

As Investment Manager

 	 
	 	By:  	/s/ Norman P. Goldberg
 	 
	 	 	Name:  	Norman P. Goldberg 	 
	 	 	Title:  	Managing Director

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