Document:

EX-10.1

 Exhibit 10.1 
 ACI WORLDWIDE, INC. 
 2005 Equity and Performance Incentive Plan

 (Amended by the Stockholders June 14, 2012) 
 1. PURPOSE. The purpose of the 2005 Equity and Performance Incentive Plan is to attract and retain directors, officers and other employees for ACI Worldwide, Inc., a Delaware corporation,
and its Subsidiaries and to provide to such persons incentives and rewards for superior performance. 
 2. DEFINITIONS. As used
in this Plan, 
 (a) “Appreciation Right” means a right granted pursuant to Section 5 of this Plan,
and will include both Tandem Appreciation Rights and Free-Standing Appreciation Rights. 
 (b) “Award”
means any Option, Appreciation Right, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units or Other Awards granted under this Plan. 
 (c) “Award Agreement” means an agreement, certificate, resolution or other type or form of writing or other evidence approved by the Board that sets forth the terms and conditions of
the Awards granted. An Award Agreement may be in an electronic medium, may be limited to notation on the books and records of the Company and, with the approval of the Board, need not be signed by a representative of the Company or a
Participant. 
 (d) “Base Price” means the price to be used as the basis for determining the Spread upon
the exercise of a Free-Standing Appreciation Right and a Tandem Appreciation Right. 
 (e) “Board” means
the Board of Directors of the Company and, to the extent of any delegation by the Board to a committee (or subcommittee thereof) pursuant to Section 16 of this Plan, such committee (or subcommittee). 

(f) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and includes a reference to the
underlying final regulations. A reference to any provision of the Code shall include reference to any successor provision of the Code. 
 (g) “Common Shares” means the shares of Class A Common Stock, par value $.005 per share, of the Company or any security into which such Common Shares may be changed by
reason of any transaction or event of the type referred to in Section 12 of this Plan. 

(h) “Company” means ACI Worldwide, Inc., a Delaware corporation formerly known as Transaction Systems Architects,
Inc. 
 (i) “Covered Employee” means a Participant who is, or is determined by the Board to be likely to
become, a “covered employee” within the meaning of Section 162(m) of the Code or any successor provision. 

(j) “Date of Grant” means the date specified by the Board on which a grant of any Award under this Plan will become
effective (which date will not be earlier than the date on which the Board takes action with respect thereto). 

 (k) “Director” means a member of the Board of Directors of the
Company. 
 (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations thereunder, as such law, rules and regulations may be amended from time to time. 
 (m) “Free-Standing
Appreciation Right” means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option. 
 (n) “Incentive Stock Options” means Options that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

 (o) “Management Objectives” means the measurable performance objective or objectives established
pursuant to this Plan for Participants who have received grants of Performance Shares or Performance Units or, when so determined by the Board, Options, Appreciation Rights, Restricted Stock, Restricted Stock Units, dividend credits and Other Awards
pursuant to this Plan. Management Objectives may be described in terms of Company-wide objectives or objectives that are related to the performance of the individual Participant or of the Subsidiary, division, department, region or function
within the Company or Subsidiary in which the Participant is employed. The Management Objectives may be made relative to the performance of other companies. The Management Objectives applicable to any Award to a Covered Employee will be
based on specified levels of, or growth in, one or more of the following criteria: 
  

	 	1.	cash flow/net assets ratio; 

  

	 	2.	debt/capital ratio; 

  

	 	3.	return on total capital; 

  

	 	4.	return on equity; 

  

	 	5.	earnings per share; 

  

	 	6.	revenue; 

  

	 	7.	total return to stockholders (which may be measured by stock price); 

  

	 	8.	backlog; 

  

	 	9.	contribution margins; 

  

	 	10.	sales; 

  

	 	11.	operating income; and 

  

	 	12.	earnings before interest, taxes, depreciation and amortization. 

 If the Board determines that a change in the business, operations, corporate structure or capital structure of the Company, or the manner in which it conducts its business, or other events or
circumstances render the Management Objectives unsuitable, the Board may in its discretion modify such Management Objectives or the related minimum acceptable level of achievement, in whole or in part, as the Board deems appropriate and equitable,
except in the case of a Covered Employee where such action would result in the loss of the otherwise available exemption of the Award under Section 162(m) of the Code. In such case, the Board will not make any modification of the
Management Objectives or minimum acceptable level of achievement with respect to such Covered Employee. 

(p) “Non-Employee Director” means a person who is a “non-employee director” of the Company within the
meaning of Rule 16b-3 of the Securities and Exchange Commission promulgated under the Exchange Act. 
 (q) “Market
Value per Share” means, as of any particular date, (i) the closing sale price (price for last trade) per Common Share as reported on the principal exchange on which Common Shares

 
are then trading, if any, or, if applicable and provided that the Common Shares are not then-traded on such principal exchange, the NASDAQ Global Select Stock Market, or if there are no sales on
such day, on the next preceding trading day during which a sale occurred, or (ii) if clause (i) does not apply, the fair market value of the Common Shares as determined by the Board. 

(r) “Nonqualified Stock Option” means an Option that is not an Incentive Stock Option. 

(s) “Optionee” means the optionee named in an Award Agreement evidencing an outstanding Option. 

(t) “Option Price” means the purchase price payable on exercise of an Option. 

(u) “Option” means the right to purchase Common Shares upon exercise of an option granted pursuant to
Section 4 or Section 9 of this Plan. An Option may be either an Incentive Stock Option or a Nonqualified Stock Option. 
 (v) “Other Award” means an award or bonus granted under Section 10 of this Plan. 
 (w) “Participant” means a person who is selected by the Board to receive benefits under this Plan and who is at the time an officer, or other key employee of the Company or any one
or more of its Subsidiaries, or who has agreed to commence serving in any of such capacities within 90 days of the Date of Grant, and will also include each Non- Employee Director who receives an Award under this Plan. 

(x) “Performance Period” means, in respect of a Performance Share or Performance Unit or Qualified
Performance-Based Award, a period of time established pursuant to Section 8 or Section 9, respectively, of this Plan within which the Management Objectives relating to such Performance Share, Performance Unit or Qualified Performance-Based
Award are to be achieved. 
 (y) “Performance Share” means a bookkeeping entry that records the equivalent
of one Common Share awarded pursuant to Section 8 or Section 9 of this Plan. 
 (z) “Performance
Unit” means a bookkeeping entry that records a unit equivalent to $1.00 awarded pursuant to Section 8 or Section 9 of this Plan. 
 (aa) “Plan” means this ACI Worldwide, Inc. 2005 Equity and Performance Incentive Plan, as amended. 
 (bb) “Qualified Performance-Based Award” means an Award that is either (i) intended to qualify for a Section 162(m) Exemption, and is made subject to the performance of
certain Management Objectives, or (ii) an Option or Appreciation Right. 
 (cc) “Restricted Stock”
means Common Shares granted or sold pursuant to Section 6 or Section 9 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers has expired. 

(dd) “Restriction Period” means the period of time during which Restricted Stock Units are subject to deferral, a
substantial risk of forfeiture (based on the passage of time, the achievement of performance goals, or upon the occurrence of other events as determined by the Board, in its discretion) and other restrictions on transfer, as provided in
Section 7 or Section 9 of this Plan. 

 (ee) “Restricted Stock Unit” means an award made pursuant to
Section 7 or Section 9 of this Plan of the right to receive Common Shares or cash at the end of a specified period. 

(ff) “Section 162(m) Exemption” means the exemption from the limitation on deductibility imposed by
Section 162(m) of the Code or any successor provision thereto. 
 (gg) “Spread” means the excess of
the Market Value per Share on the date when an Appreciation Right is exercised, or on the date when Options are surrendered in payment of the Option Price of other Options, over the Option Price or Base Price provided for in the related Option or
Appreciation Right, respectively. 
 (hh) “Subsidiary” means a corporation, company or other entity
(i) more than 50 percent of whose outstanding shares or securities (representing the right to vote for the election of directors or other managing authority) are, or (ii) which does not have outstanding shares or securities (as may be the
case in a partnership, joint venture or unincorporated association), but more than 50 percent of whose ownership interest representing the right generally to make decisions for such other entity is, now or hereafter, owned or controlled, directly or
indirectly, by the Company; except that, for purposes of determining whether any person may be a Participant for purposes of any grant of Incentive Stock Options, “Subsidiary” means any corporation in which at the time the Company
owns or controls, directly or indirectly, more than 50 percent of the total combined voting power represented by all classes of stock issued by such corporation. 
 (ii) “Tandem Appreciation Right” means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option. 

3. SHARES AVAILABLE UNDER THE PLAN. 
 (a) Number of Shares. Subject to adjustment as provided in Section 3(b) and Section 12 of this Plan, the maximum number of Common Shares that may be issued or transferred to
Participants and their beneficiaries in connection with Awards granted under the Plan shall be equal to the sum of: (i) 7,750,00 Common Shares plus any shares described in Section 3(b), and (ii) any Common Shares that are represented
by options granted under the following Company plans which are forfeited, expire or are canceled without delivery of Common Shares or which result in the forfeiture or relinquishment of Common Shares back to the Company: (A) the 1994 Stock
Option Plan, as amended, (B) the 1996 Stock Option Plan, (C) the 1997 Management Stock Option Plan, (D) the 2000 Non-Employee Director Stock Option, (E) the MessagingDirect Ltd. Amended and Restated Employee Share Option Plan and
(F) the 2002 Non-Employee Director Stock Option Plan, as amended (collectively the “Prior Plans”). Such shares may be shares of original issuance or treasury shares or a combination of the foregoing. 

(b) Share Calculation. 
 (i) To the extent that an Award is canceled, terminates, expires, is forfeited or lapses for any reason, any unissued Common Shares subject to the Award will again be available for issuance pursuant
to Awards granted under this Plan. 
 (ii) Common Shares subject to Awards settled in cash will again be available for
issuance pursuant to Awards granted under this Plan. 
 (iii) Shares surrendered or relinquished upon the payment of any
Option Price for Options granted under this Plan or any of the Prior Plans by transfer to the Company of Common Shares or upon satisfaction of any withholding amount will again be available for issuance pursuant to Awards granted under this Plan.

 (iv) The number of shares available in Section 3(a) shall not be reduced to
reflect any dividends or dividend equivalents that are reinvested into additional Common Shares or credited as additional Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units. 

(v) If, under this Plan, a Participant has given up the right to receive compensation in exchange for Common Shares based on fair
market value, such Common Shares will not count against the number of shares available in Section 3(a) above. 

(c) Individual Limits. Notwithstanding anything in this Section 3, or elsewhere in this Plan to the contrary and
subject to adjustment as provided in Section 12 of this Plan: 
 (i) the aggregate number of Common Shares actually
issued or transferred by the Company upon the exercise of Incentive Stock Options will not exceed 3,000,000 Common Shares; 

(ii) no Participant will be granted Options, Appreciation Rights, Restricted Stock, Restricted Stock Units, or Other Awards this
Plan during the life of the Plan, in the aggregate, for more than 1,000,000 Common Shares during any calendar year; and 

(iii) notwithstanding any other provision of this Plan to the contrary, in no event will any Participant in any calendar year
receive an award of Performance Shares or Performance Units having an aggregate maximum value as of their respective Dates of Grant in excess of $7,500,000. 
 4. OPTIONS. The Board may, from time to time and upon such terms and conditions as it may determine, authorize the granting to Participants of Options to purchase Common Shares. Each
such grant may utilize any or all of the authorizations, and will be subject to all of the requirements contained in the following provisions: 
 (a) Type of Options and Eligibility. Options granted under this Plan may be (i) Incentive Stock Options (ii) Nonqualified Stock Options, or (iii) combinations of the
foregoing. Incentive Stock Options may only be granted to Participants who meet the definition of “employees” under Section 3401(c) of the Code. 
 (b) Number of Shares. Each grant will specify the number of Common Shares to which it pertains subject to the limitations set forth in Section 3 of this Plan. 

(c) Exercise Price. Each grant will specify an Option Price per share, which may not be less than the Market Value per
Share on the Date of Grant. 
 (d) Exercise Terms and Expiration. An Option will be exercisable in accordance
with such terms and conditions and during such periods established by the Board and set forth in the Award Agreement; provided, however, no Option will be exercisable more than 10 years from the Date of Grant. 

(e) Special Terms for Incentive Stock Options. 
 (i) Notwithstanding anything contained herein to the contrary, the aggregate Market Value per Share with respect to which Incentive Stock Options are exercisable for the first time by a Participant
during any calendar year (under all incentive stock option plans of the Company or any Subsidiary) shall not exceed $100,000 or such other limit set forth in the Code, as amended. 

 (ii) No Incentive Stock Option shall be granted to an employee who, at the time the
Incentive Stock Option is granted, owns (actually or constructively under the provisions of Section 424(d) of the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Subsidiary,
unless the Option Price is at least 110% of the Market Value per Share (determined as of the time the Incentive Stock Option is granted) of Common Shares subject to the Incentive Stock Option and the Incentive Stock Option by its terms is not
exercisable more than five (5) years from the Date of Grant. 
 (iii) To the extent that any provision of this Plan
would prevent any Option that was intended to qualify as an Incentive Stock Option from qualifying as such, that provision will be null and void with respect to such Option. Such provision, however, will remain in effect for other Options and
there will be no further effect on any provision of this Plan. 
 (f) Payment. 

(i) Each grant will specify whether the Option Price will be payable (i) in cash or by check acceptable to the Company or by
wire transfer of immediately available funds, (ii) by the actual or constructive transfer to the Company of Common Shares owned by the Optionee for at least 6 months (or other consideration authorized pursuant to Section 4(f)(ii)) having a
value at the time of exercise equal to the total Option Price, or (iii) by a combination of such methods of payment. 

(ii) The Board may determine, at or after the Date of Grant, that payment of the Option Price of any Nonqualified Stock Option may
also be made in whole or in part in the form of Restricted Stock or other Common Shares that are forfeitable or subject to restrictions on transfer, or in the form of Restricted Stock Units, Performance Shares (based, in each case, on the Market
Value per Share on the date of exercise), other Options (based on the Spread on the date of exercise) or Performance Units. Unless otherwise determined by the Board at or after the Date of Grant, whenever any Option Price is paid in whole or in
part by means of any of the forms of consideration specified in this Section 4(f)(ii), the Common Shares received upon the exercise of the Options will be subject to such risks of forfeiture or restrictions on transfer as may correspond to any
that apply to the consideration surrendered, but only to the extent, determined with respect to the consideration surrendered, of (A) the number of shares or Performance Shares, (B) the Spread of any unexercisable portion of Options, or
(C) the stated value of Performance Units. 
 (iii) The Board reserves the discretion at or after the Date of Grant to
provide for (a) the payment of a cash bonus at the time of exercise; (b) the availability of a loan at exercise; and (c) the right to tender in satisfaction of the Option Price nonforfeitable, unrestricted Common Shares, which are
already owned by the Optionee and have a value at the time of exercise that is equal to the Option Price. 
 (iv) To the
extent permitted by law, any grant may provide for deferred payment of the Option Price from the proceeds of sale through a bank or broker on a date satisfactory to the Company of some or all of the shares to which such exercise relates. 

(g) General. 
 (i) Successive grants may be made to the same Participant whether or not any Options previously granted to such Participant remain unexercised. 

 (ii) Each grant will specify the period or periods of continuous service by the
Optionee with the Company or any Subsidiary that is necessary before the Options or installments thereof will become exercisable and may provide for the earlier exercise of such Options in the event of the termination of the Optionee’s
employment for any reason or a change in control of the Company, as may be defined in an Award Agreement. 
 (iii) The
exercise of an Option will result in the cancellation on a share- for-share basis of any Tandem Appreciation Right authorized under Section 5 of this Plan. 
 (iv) Any grant of Options may specify Management Objectives that must be achieved as a condition to the exercise of such rights. 

(h) Award Agreement. Each grant of Options will be evidenced by an Award Agreement and will contain such terms and
provisions, consistent with this Plan, as the Board may approve. 
 5. APPRECIATION RIGHTS. 

(a) Types of Appreciation Rights. The Board may authorize the granting of (i) Tandem Appreciation Rights in respect
of Options granted hereunder to any Optionee, and (ii) Free-Standing Appreciation Rights to any Participant. Each grant of Appreciation Rights may utilize any or all of the authorizations, and will be subject to all of the requirements,
contained in the following provisions. 
 (b) Tandem Appreciation Rights. A “Tandem Appreciation
Right” will be a right of the Optionee, exercisable by surrender of the related Option, to receive from the Company an amount determined by the Board, which will be expressed as a percentage of the Spread (not exceeding 100 percent) at the
time of exercise. Tandem Appreciation Rights may be granted at any time prior to the exercise or termination of the related Options; provided, however, that a Tandem Appreciation Right awarded in relation to an Incentive Stock Option
must be granted concurrently with such Incentive Stock Option. 
 (i) Any grant of Tandem Appreciation Rights will provide
that such Tandem Appreciation Rights may be exercised only at a time when the related Option is also exercisable and at a time when the Spread is positive, and by surrender of the related Option for cancellation. 

(c) Free-Standing Appreciation Rights. A “Free-Standing Appreciation Right” will be a right of the
Participant to receive from the Company an amount determined by the Board, which will be expressed as a percentage of the Spread (not exceeding 100 percent) at the time of exercise. 

(i) Each grant will specify in respect of each Free-Standing Appreciation Right a Base Price, which will be equal to or greater than
the Market Value per Share on the day immediately preceding the Date of Grant; 
 (ii) Successive grants may be made to the
same Participant regardless of whether any Free-Standing Appreciation Rights previously granted to the Participant remain unexercised; and 
 (iii) No Free-Standing Appreciation Right granted under this Plan may be exercised more than 10 years from the Date of Grant. 
 (d) Payment. 
 (i) Any grant may specify that the amount
payable on exercise of an Appreciation Right may be paid by the Company in cash, in Common Shares or in any combination thereof and may either grant to the Participant or retain in the Board the right to elect among those alternatives. 

 (ii) Any grant may specify that the amount payable on exercise of an Appreciation Right
may not exceed a maximum specified by the Board at the Date of Grant. 
 (e) General. 

(i) Any grant may specify waiting periods before exercise and permissible exercise dates or periods. 

(ii) Any grant may specify that such Appreciation Right may be exercised only in the event of, or earlier in the event of, a change
in control of the Company, as may be defined in an Award Agreement. 
 (iii) Any grant of Appreciation Rights may specify
Management Objectives that must be achieved as a condition of the exercise of such Appreciation Rights. 
 (f) Award
Agreement. Each grant of Appreciation Rights will be evidenced by an Award Agreement, which Award Agreement will describe such Appreciation Rights, identify the related Options (if applicable), and contain such other terms and provisions,
consistent with this Plan, as the Board may approve. 
 6. RESTRICTED STOCK. The Board may also authorize the grant or sale of
Restricted Stock to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions. 

(a) Ownership. Each such grant or sale will constitute an immediate transfer of the ownership of Common Shares to the
Participant in consideration of the performance of services, entitling such Participant to voting, dividend and other ownership rights, but subject to the substantial risk of forfeiture and restrictions on transfer hereinafter referred to.

 (b) Consideration. Each such grant or sale may be made without additional consideration or in consideration
of a payment by such Participant that is less than the Market Value per Share at the Date of Grant. 
 (c) Substantial Risk
of Forfeiture. 
 (i) Each such grant or sale will provide that the Restricted Stock covered by such grant or sale will
be subject to a “substantial risk of forfeiture” within the meaning of Section 83 of the Code for a period of not less than one year to be determined by the Board at the Date of Grant and may provide for the earlier lapse of such
substantial risk of forfeiture in the event of a change in control of the Company, as may be defined in an Award Agreement. 

(ii) Each such grant or sale will provide that during the period for which such substantial risk of forfeiture is to continue, the
transferability of the Restricted Stock will be prohibited or restricted in the manner and to the extent prescribed by the Board at the Date of Grant (which restrictions may include, without limitation, rights of repurchase or first refusal in the
Company or provisions subjecting the Restricted Stock to a continuing substantial risk of forfeiture in the hands of any transferee). 

 (d) General. 

(i) Any grant of Restricted Stock may specify Management Objectives that, if achieved, will result in termination or early
termination of the restrictions applicable to such Restricted Stock. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of shares of
Restricted Stock on which restrictions will terminate if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives. 

(ii) Unless otherwise directed by the Board, all certificates representing shares of Restricted Stock will be held in custody by the
Company until all restrictions thereon will have lapsed, together with a stock power or powers executed by the Participant in whose name such certificates are registered, endorsed in blank and covering such Shares. 

(e) Award Agreement. Each grant or sale of Restricted Stock will be evidenced by an Award Agreement and will contain
such terms and provisions, consistent with this Plan, as the Board may approve. 
 7. RESTRICTED STOCK UNITS. The Board may
also authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements contained in the following provisions.

 (a) Payment. 
 (i) Each such grant or sale will constitute the agreement by the Company to deliver Common Shares or cash to the Participant in the future in consideration of the performance of services, but subject
to the fulfillment of such conditions during the Restriction Period as the Board may specify. 
 (ii) Each such grant or
sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share at the Date of Grant. 
 (b) Restriction Period. 
 (i) Each such grant or sale will be
subject to a Restriction Period of not less than one year, as determined by the Board at the Date of Grant, and may provide for the earlier lapse or other modification of such Restriction Period in the event of a change in control of the Company, as
may be defined in an Award Agreement. 
 (ii) During the Restriction Period, the Participant will have no right to transfer
any rights under his or her Award and will have no rights of ownership in the Restricted Stock Units and will have no right to vote them. 
 (c) Award Agreement. Each grant or sale of Restricted Stock Units will be evidenced by an Award Agreement and will contain such terms and provisions, consistent with this Plan, as the
Board may approve. 

 8. PERFORMANCE SHARES AND PERFORMANCE UNITS. The Board may also authorize the granting of
Performance Shares and Performance Units that will become payable to a Participant upon achievement of specified Management Objectives during the Performance Period. Each such grant may utilize any or all of the authorizations, and will be
subject to all of the requirements, contained in the following provisions. 
 (a) Shares and Units. Each grant
will specify the number of Performance Shares or Performance Units to which it pertains, which number may be subject to adjustment to reflect changes in compensation or other factors; provided, however, that no such adjustment will be made in
the case of a Covered Employee where such action would result in the loss of the otherwise available exemption of the Award under Section 162(m) of the Code. 
 (b) Performance Period. The Performance Period with respect to each Performance Share or Performance Unit will be such period of time (not less than one year), commencing with the Date of
Grant as will be determined by the Board at the time of grant, which may be subject to earlier lapse or other modification in the event of a change in control of the Company, as may be defined in an Award Agreement. 

(c) Achievement of Management Objectives. Any grant of Performance Shares or Performance Units will specify Management
Objectives which, if achieved, will result in payment or early payment of the Award, and each grant may specify in respect of such specified Management Objectives a minimum acceptable level of achievement and will set forth a formula for determining
the number of Performance Shares or Performance Units that will be earned if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives. The grant of Performance Shares or
Performance Units will specify that, before the Performance Shares or Performance Units will be earned and paid, the Board must certify that the Management Objectives have been satisfied. 

(d) Payment. 
 (i) Each grant will specify the time and manner of payment of Performance Shares or Performance Units that have been earned. 
 (ii) Any grant may specify that the amount payable with respect thereto may be paid by the Company in cash, in Common Shares or in any combination thereof and may either grant to the Participant or
retain in the Board the right to elect among those alternatives. 
 (iii) Any grant of Performance Shares or Performance
Units may specify that the amount payable or the number of Common Shares issued with respect thereto may not exceed a maximum specified by the Board at the Date of Grant. 
 (e) Award Agreement. Each grant of Performance Shares or Performance Units will be evidenced by an Award Agreement and will contain such other terms and provisions, consistent with this
Plan, as the Board may approve. 
 9. AWARDS TO NON-EMPLOYEE DIRECTORS. The Board may authorize the grant or sale of any Award
available under this Plan to Non-Employee Directors, from time to time, upon such terms and conditions as it may determine and subject to the terms and conditions pertaining to the type of Award granted, as described in this Plan. 

(a) Payment for Options. Options may be exercised by a Non-Employee Director only upon payment to the Company in full of
the Option Price of the Common Shares to be delivered. Such payment will be made in cash or in Common Shares then owned by the Optionee for at least six months, or in a combination of cash and such Common Shares. 

 (b) Employee Status. If a Non-Employee Director subsequently becomes an
employee of the Company or a Subsidiary while remaining a member of the Board, any Options held under the Plan by such individual at the time of such commencement of employment will not be affected thereby. 

(c) Director Compensation Substitution. Non-Employee Directors, pursuant to this Section 9, may be awarded, or may
be permitted to elect to receive, pursuant to procedures established by the Board, all or any portion of their annual retainer, meeting fees or other fees in Common Shares in lieu of cash. 

(d) Award Agreement. Each grant of Awards pursuant to this Section 9 will be evidenced by an Award Agreement and
will contain such other terms and provisions, consistent with this Plan, as the Board may approve. 
 10. OTHER AWARDS.

 (a) Other Awards. The Board may, subject to limitations under applicable law, grant to any Participant
such other awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Common Shares or factors that may influence the value of such shares, including, without limitation,
convertible or exchangeable debt securities, other rights convertible or exchangeable into Common Shares, purchase rights for Common Shares, Awards with value and payment contingent upon performance of the Company or specified Subsidiaries,
affiliates or other business units thereof or any other factors designated by the Board, and Awards valued by reference to the book value of Common Shares or the value of securities of, or the performance of specified Subsidiaries or affiliates or
other business units of the Company. The Board shall determine the terms and conditions of such Other Awards. Common Shares delivered pursuant to an Award in the nature of a purchase right granted under this Section 10 shall be
purchased for such consideration, paid for at such time, by such methods, and in such forms, including, without limitation, cash, Common Shares, other awards, notes or other property, as the Board shall determine. 

(b) Cash Awards. Cash awards, as an element of or supplement to any other award granted under this Plan, may also be
granted pursuant to this Section 10. 
 (c) Share Bonus. The Board may grant Common Shares as a bonus, or
may grant other awards in lieu of obligations of the Company or a Subsidiary to pay cash or deliver other property under this Plan or under other plans or compensatory arrangements, subject to such terms as shall be determined by the Board.

 11. TRANSFERABILITY. 
 (a) Limits on Transferability. Except for transfers of Awards to the Company pursuant to Section 4(f)(ii), or as provided in Section 11(b) below, no Option, Appreciation Right
or other derivative security granted under the Plan shall be transferable by the Participant except by will or the laws of descent and distribution or, except with respect to an Incentive Stock Option, pursuant to a domestic relations order (within
the meaning of Rule 16a-12 promulgated under the Exchange Act). Except as otherwise determined by the Board, Options and Appreciation Rights will be exercisable 

 
during the Participant’s lifetime only by him or her or, in the event of the Participant’s legal incapacity to do so, by his or her guardian or legal representative acting on behalf of
the Participant in a fiduciary capacity under state law and / or court supervision. 
 (b) Beneficiary
Designations. 
 (i) Notwithstanding Section 11(a) above, an Option, Appreciation Right or other derivative
security granted under the Plan may be transferable upon the death of the Participant, without payment of consideration therefor, to any one or more family members (as defined in the General Instructions to Form S-8 under the Securities Act of 1933)
of the Participant, as may have been designated in writing by the Participant by means of a form of beneficiary designation approved by the Company. Such beneficiary designation may be made at any time by the Participant and shall be effective
when it is filed, prior to the death of the Participant, with the Company. Any beneficiary designation may be changed by the filing of a new beneficiary designation, which will cancel any beneficiary designation previously filed with the
Company. 
 (ii) Notwithstanding Section 11(a) above, an Option, Appreciation Right or other derivative security
granted under the Plan may be transferable by the Participant without payment of consideration therefor, to any one or more family members (as defined in the General Instructions to Form S-8 under the Securities Act of 1933) of the Participant;
provided, however, that such transfer will not be effective until notice of such transfer is delivered to the Company; and provided, further, however, that any such transferee is subject to the same terms and conditions hereunder as
the Participant. 
 (c) Additional Restrictions on Transfer. The Board may specify at the Date of Grant that
part or all of the Common Shares that are (i) to be issued or transferred by the Company upon the exercise of Options or Appreciation Rights, upon the termination of the Restriction Period applicable to Restricted Stock Units or upon payment
under any grant of Performance Shares or Performance Units or (ii) no longer subject to the substantial risk of forfeiture and restrictions on transfer referred to in Section 6 of this Plan, will be subject to further restrictions on
transfer. 
 12. ADJUSTMENTS. 
 (a) Outstanding Awards. The Board may make or provide for such adjustments in the number of Common Shares covered by outstanding Options, Appreciation Rights, Restricted Stock Units, and
Performance Shares granted hereunder and, if applicable, in the number of Common Shares covered by Other Awards, in the Option Price and Base Price provided in outstanding Options and Appreciation Rights, and in the kind of shares covered thereby,
as the Board, in its sole discretion, exercised in good faith, may determine is equitably required to prevent dilution or enlargement of the rights of Participants or Optionees that otherwise would result from (a) any stock dividend, stock
split, combination of shares, recapitalization, reclassification or other change in the capital structure of the Company, or (b) any merger, consolidation, spin-off, split- off, spin-out, split-up, reorganization, partial or complete
liquidation or other distribution of assets, issuance of rights or warrants to purchase securities, or (c) any other corporate transaction or event having an effect similar to any of the foregoing. Moreover, in the event of any such
transaction or event, the Board, in its discretion, may provide in substitution for any or all outstanding Awards under this Plan such alternative consideration as it, in good faith, may determine to be equitable in the circumstances and may require
in connection therewith the surrender of all Awards so replaced. 
 (b) Share Limitations. The Board may also
make or provide for such adjustments in the number and kind of Common Shares specified in Section 3 of this Plan as the Board in its sole discretion, 

 
exercised in good faith, may determine is appropriate to reflect any transaction or event described in this Section 12; provided, however, that any such adjustment to the number
specified in Section 3(c)(i) will be made only if and to the extent that such adjustment would not cause any Option intended to qualify as an Incentive Stock Option to fail so to qualify. 

13. FRACTIONAL SHARES. The Company will not be required to issue any fractional Common Shares pursuant to this Plan. The Board may
provide for the elimination of fractions or for the settlement of fractions in cash. 
 14. WITHHOLDING TAXES. To the extent
that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by a Participant or other person under this Plan, and the amounts available to the Company for such withholding
are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person make arrangements satisfactory to the Company for payment of the balance of such taxes required to
be withheld, which arrangements (in the discretion of the Board) may include relinquishment of a portion of such benefit. 
 15. FOREIGN
EMPLOYEES. In order to facilitate the making of any grant or combination of grants under this Plan, the Board may provide for such special terms for Awards to Participants who are foreign nationals or who are employed by the Company or any
Subsidiary outside of the United States of America or who provide services to the Company under an agreement with a foreign nation or agency, as the Board may consider necessary or appropriate to accommodate differences in local law, tax policy or
custom. Moreover, the Board may approve such supplements to or amendments, restatements or alternative versions of this Plan as it may consider necessary or appropriate for such purposes, without thereby affecting the terms of this Plan as in
effect for any other purpose, and the Secretary or other appropriate officer of the Company may certify any such document as having been approved and adopted in the same manner as this Plan. No such special terms, supplements, amendments or
restatements, however, will include any provisions that are inconsistent with the terms of this Plan as then in effect unless this Plan could have been amended to eliminate such inconsistency without further approval by the stockholders of the
Company. 
 16. ADMINISTRATION OF THE PLAN. 
 (a) Board or Committee. This Plan will be administered by the Board, which may from time to time delegate all or any part of its authority under this Plan to the Compensation Committee of
the Board (or a subcommittee thereof), as constituted from time to time; provided, however, such committee shall consist of two or more members of the Board, all of whom shall qualify as an “outside director” pursuant to
Section 162(m) of the Code and a “Non-Employee Director.” To the extent of any such delegation, references in this Plan to the Board will be deemed to be references to such committee or subcommittee. A majority of the
committee (or subcommittee) will constitute a quorum, and the action of the members of the committee (or subcommittee) present at any meeting at which a quorum is present, or acts unanimously approved in writing, will be the acts of the committee
(or subcommittee). 
 (b) Interpretation and Construction. The interpretation and construction by the Board of
any provision of this Plan or of any agreement, notification or document evidencing the grant of Options, Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units or Other Awards and any determination by
the Board pursuant to any provision of this Plan or of any such agreement, notification or document will be final and conclusive. No member of the Board will be liable for any such action or determination made in good faith. 

 (c) Delegation. The Board or, to the extent of any delegation as provided
in Section 16(a), the committee, may delegate to one or more of its members or to one or more officers of the Company, or to one or more agents or advisors, such administrative duties or powers as it may deem advisable, and the Board, the
committee, or any person to whom duties or powers have been delegated as aforesaid, may employ one or more persons to render advice with respect to any responsibility the Board, the committee or such person may have under the Plan. The Board or
the committee may, by resolution, authorize one or more officers of the Company to do one or both of the following on the same basis as the Board or the committee: (i) designate employees to be recipients of Awards under this Plan; and
(b) determine the size of any such Awards; provided, however , that (A) the Board or the Committee shall not delegate such responsibilities to any such officer for Awards granted to an employee who is an officer, Director, or more
than 10% beneficial owner of any class of the Company’s equity securities that is registered pursuant to Section 11 of the Exchange Act, as determined by the Board in accordance with Section 16 of the Exchange Act; (B) the
resolution providing for such authorization sets forth the total number of Common Shares such officer(s) may grant; and (iii) the officer(s) shall report periodically to the Board or the committee, as the case may be, regarding the nature and
scope of the Awards granted pursuant to the authority delegated. 
 (d) No Other Awards. The terms of the Plan
govern all Awards granted under the Plan, and in no event will the Board have the power to grant any Award under the Plan that is contrary to any of the provisions of the Plan. 
 17. AMENDMENTS. 
 (a) Right to Amend the
Plan. The Board may at any time and from time to time amend the Plan in whole or in part; provided, however, that any amendment which must be approved by the stockholders of the Company in order to comply with applicable law or the
rules of the NASDAQ Stock Market’s National Market or, if the Common Shares are not traded on the NASDAQ Stock Market’s National Market, the principal national securities exchange upon which the Common Shares are traded or quoted, will not
be effective unless and until such approval has been obtained. 
 (b) No Re-Pricing of Options or Appreciation
Rights. The Board will not, without the further approval of the stockholders of the Company, authorize the amendment of any outstanding Option to reduce the Option Price or any outstanding Appreciation Right to reduce the Base
Price. Furthermore, no Option or Appreciation Right will be cancelled and replaced with Awards having a lower Option Price or Base Price, as applicable, without further approval of the stockholders of the Company. This Section 17(b)
is intended to prohibit the repricing of “underwater” Options and Appreciation Rights and will not be construed to prohibit the adjustments provided for in Section 12 of this Plan. 

(c) Amendments to Awards. The Board may amend the terms of any Award theretofore granted under this Plan prospectively
or retroactively, but subject to Section 12 above, no such amendment shall impair the rights of any holder without his or her consent. 

18. ACCELERATION OF VESTING UPON TERMINATION OF EMPLOYMENT. In case of termination of employment by reason of death, disability or
normal or early retirement, or in the case of an unforeseeable emergency or other special circumstances, of a Participant who holds an Option or Appreciation Right not immediately exercisable in full, or any shares of Restricted Stock as to which
the substantial risk of forfeiture or the prohibition or restriction on transfer has not lapsed, or any Restricted Stock Units as to which the Restriction Period has not been completed, or any Performance Shares or Performance Units which have not
been fully earned, or any Other Awards subject to any vesting schedule or transfer restriction, or who holds Common Shares subject to any transfer restriction imposed 

 
pursuant to Section 11(b) of this Plan, the Board may, in its sole discretion, accelerate the time at which such Option, Appreciation Right or Other Award may be exercised or the time at
which such substantial risk of forfeiture or prohibition or restriction on transfer will lapse or the time when such Restriction Period will end or the time at which such Performance Shares or Performance Units will be deemed to have been fully
earned or the time when such transfer restriction will terminate or may waive any other limitation or requirement under any such Award. 

19. GOVERNING LAW. The Plan and all Awards, grants and actions taken thereunder shall be governed by and construed in accordance with
the internal substantive laws of the State of Delaware. 
 20. TERMINATION OF THE PLAN. The Plan shall be effective as of the
date it is approved by both the Board and the stockholders of the Company. The Board may, in its discretion, terminate this Plan at any time. No grant will be made under this Plan more than 10 years after the date on which this Plan is first
approved by the stockholders of the Company, but all grants made on or prior to such date will continue in effect thereafter subject to the terms thereof and of this Plan. Termination of this Plan will not affect the rights of Participants or
their successors under any Awards outstanding hereunder and not exercised in full on the date of termination. 
 21. PROVISIONS
APPLICABLE TO ALL AWARDS. 
 (a) Dividends and Dividend Equivalents. 

(i) The Board may, at or after the Date of Grant of an Award (other than Incentive Stock Options), provide the Participant the right
to receive dividends or dividend equivalents which may be either paid on a current, deferred or contingent basis or credited to an account for the Participant. 
 (ii) With respect to Restricted Stock, the Board may require that any or all dividends or other distributions paid thereon during the period of time for which such Restricted Stock is subject to
substantial risk of forfeiture or other transfer restriction be automatically deferred and reinvested in additional shares of Restricted Stock, which may be subject to the same restrictions as the underlying Restricted Stock. 

(iii) Any dividends or dividend equivalents may be settled in cash, Common Shares or a combination of both as determined in the
Board’s sole discretion. 
 (b) Deferrals. The Board may permit Participants to elect to defer the
issuance of Common Shares or the settlement of Awards in cash under the Plan pursuant to such rules, procedures or programs as it may establish for purposes of this Plan. The Board also may provide that deferred issuances and settlements
include the payment or crediting of dividend equivalents or interest on the deferral amounts. 
 (c) Surrender or
Deferral of Compensation. The Board may condition the grant of any Award or combination of Awards authorized under this Plan on the surrender or deferral by the Participant of his or her right to receive a cash bonus or other compensation
otherwise payable by the Company or a Subsidiary to the Participant. 

 (d) Qualified Performance-Based Awards. 

(i) The provisions of the Plan are intended to ensure that all Options and Appreciation Rights granted hereunder to any Covered
Employee shall qualify for the Section 162(m) Exemption; provided that the Option Price or Base Price of such Award is not less than the Market Value per Share on the Date of Grant. In addition to Performance Shares and Performance Units, when
granting any other Award, the Board may designate such Award as a Qualified Performance-Based Award, based upon a determination that the recipient is or may be a Covered Employee with respect to such Award, and the Board wishes such Award to qualify
for the Section 162(m) Exemption. If an Award is so designated, the Board shall establish Management Objectives for such Award within the time period prescribed by Section 162(m) of the Code. 

(ii) Each Qualified Performance-Based Award (other than an Option or Appreciation Right shall be earned, vested and payable (as
applicable) only upon the achievement of the Management Objectives established by the Board, together with the satisfaction of any other conditions as the Board may determine to be appropriate. 

(iii) The Board may provide, in its sole and absolute discretion, either in connection with the grant thereof or by amendment
thereafter, that achievement of the Management Objectives will be waived upon the death or disability of the Participant, or upon a change in control of the Company, as may be defined in the Award Agreement. Performance periods established by the
Board for any such Qualified Performance-Based Award may not be less than one year from the Date of Grant. 
 (iv) Any
payment of a Qualified Performance-Based Award granted with Management Objectives pursuant to this Plan shall be conditioned on the written certification of the Board in each case that the Management Objectives and any other material conditions were
satisfied. 
 (v) Sections 3(c)(ii) and (iv) set forth the maximum number of Common Shares or dollar value that may be
granted in any one-year period to a Participant in designated forms of Qualified Performance-Based Awards. 
 (vi) Any
grant of an Award intended to qualify as a Qualified Performance-Performance-based Award will specify Management Objectives which, if achieved, will result in payment or early payment of the Award, and each grant may specify in respect of such
specified Management Objectives a minimum acceptable level of achievement and will set forth a formula for determining the number of shares or units that will be earned if performance is at or above the minimum level, but falls short of full
achievement of the specified Management Objectives. The grant of a Qualified Performance-based Award will specify that, before the Qualified Performance-based Award will be earned and paid, the Board must certify that the Management Objectives
have been satisfied. 
 (e) Forfeiture Events. The Board may specify in an Award Agreement that the
Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or
performance conditions of an Award. Such events shall include, but shall not be limited to, termination of employment for cause, violation of material Company or Subsidiary policies, violation of ethical codes or other codes of conduct, breach of
noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company or any Subsidiary. 

22. GENERAL PROVISIONS. 
 (a) No Rights to Awards; Non Uniform Awards. No Participant or any eligible Participant shall have any claim to be granted any Award under the Plan. Neither the Company, its

 
Subsidiaries nor the Board is obligated to treat Participants or eligible Participants uniformly, and determinations made under the Plan may be made by the Board selectively among eligible
Participants who receive, or are eligible to receive, Awards (whether or not such eligible Participants are similarly situated). 
 (b) No Exercises Contrary to Law. No Award under this Plan may be exercised by the holder thereof if such exercise, and the receipt of cash or stock thereunder, would be, in the opinion
of counsel selected by the Board, contrary to law or the regulations of any duly constituted authority having jurisdiction over this Plan. 
 (c) No Right to Employment. This Plan will not confer upon any Participant any right with respect to continuance of employment or other service with the Company or any Subsidiary, nor
will it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate such Participant’s employment or other service at any time. 
 (d) Authorized Leaves. Absence on leave approved by a duly constituted officer of the Company or any of its Subsidiaries shall not be considered interruption or termination of service of
any employee for any purposes of this Plan or Awards granted hereunder, except that no Awards may be granted to an employee while he or she is absent on leave. 
 (e) No Rights as a Stockholder. No Participant shall have any rights as a stockholder with respect to any shares subject to Awards granted to him or her under this Plan prior to the date as of
which he or she is actually recorded as the holder of such shares upon the stock records of the Company. 

(f) Conflicts. In the event any provision of any Award granted under the Plan shall conflict with any term in the Plan,
the term in the Plan shall control. 
 (g) Headings. The headings used in the Plan are for convenience only, do
not constitute a part of the Plan, and shall not be deemed to limit, characterize, or affect in any way any provisions of the Plan, and all provisions of the Plan shall be construed as if no captions had been used in the Plan. 

(h) Successors and Assigns. The Plan is binding on and will inure to the benefit of any successor to the Company,
whether by way of merger, consolidation, purchase, or otherwise. 
 (i) Severability. If any provision of the
Plan or any Award Agreement shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of the Plan or Award Agreement, and the Plan and each Award Agreement shall each be construed and
enforced as if the invalid provisions had never been set forth therein. 
 (j) No Strict Construction. No rule
of strict construction shall be applied against the Company or any other person in the interpretation of any of the terms of the Plan, any Award Agreement, any Award granted under the Plan, or any rule, regulation or procedure established by the
Board.Exhibit 4.1

 Exhibit 4.1 
 ONE HUNDRED EIGHTEENTH SUPPLEMENTAL INDENTURE 
 Providing among other
things for 
 FIRST MORTGAGE BONDS, 
 2012-1 Collateral Series (Interest Bearing) 
  

 
 Dated as of
June 13, 2012 
  
  

CONSUMERS ENERGY COMPANY 
 TO 
 THE BANK OF NEW YORK MELLON, 

TRUSTEE 

Counterpart             of 80 

 THIS ONE HUNDRED EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of June 13, 2012 (herein
sometimes referred to as “this Supplemental Indenture”), made and entered into by and between CONSUMERS ENERGY COMPANY, a corporation organized and existing under the laws of the State of Michigan, with its principal executive
office and place of business at One Energy Plaza, in Jackson, Jackson County, Michigan 49201, formerly known as Consumers Power Company (hereinafter sometimes referred to as the “Company”), and THE BANK OF NEW YORK MELLON (formerly
known as The Bank of New York), a New York banking corporation, with its corporate trust offices at 101 Barclay St., New York, New York 10286 (hereinafter sometimes referred to as the “Trustee”), as Trustee under the Indenture dated
as of September 1, 1945 between Consumers Power Company, a Maine corporation (hereinafter sometimes referred to as the “Maine corporation”), and City Bank Farmers Trust Company (Citibank, N.A., successor, hereinafter sometimes
referred to as the “Predecessor Trustee”), securing bonds issued and to be issued as provided therein (hereinafter sometimes referred to as the “Indenture”), 

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

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

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

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

  
 1 

 WHEREAS, effective October 2, 2006, The Bank of New York succeeded JPMorgan Chase Bank,
N.A. as Trustee under the Indenture; and 
 WHEREAS, effective July 1, 2008, the name of The Bank of New York was changed
to The Bank of New York Mellon; and 
 WHEREAS, the Indenture was executed and delivered for the purpose of securing such bonds
as may from time to time be issued under and in accordance with the terms of the Indenture, the aggregate principal amount of bonds to be secured thereby being limited to $6,000,000,000 at any one time outstanding (except as provided in
Section 2.01 of the Indenture), and the Indenture describes and sets forth the property conveyed thereby and is filed in the Office of the Secretary of State of the State of Michigan and is of record in the Office of the Register of Deeds of
each county in the State of Michigan in which this Supplemental Indenture is to be recorded; and 
 WHEREAS, the Indenture has
been supplemented and amended by various indentures supplemental thereto, each of which is filed in the Office of the Secretary of State of the State of Michigan and is of record in the Office of the Register of Deeds of each county in the State of
Michigan in which this Supplemental Indenture is to be recorded; and 
 WHEREAS, the Company and the Maine corporation entered
into an Agreement of Merger and Consolidation, dated as of February 14, 1968, which provided for the Maine corporation to merge into the Company; and 
 WHEREAS, the effective date of such Agreement of Merger and Consolidation was June 6, 1968, upon which date the Maine corporation was merged into the Company and the name of the Company was changed
from “Consumers Power Company of Michigan” to “Consumers Power Company”; and 
 WHEREAS, the Company and the
Predecessor Trustee entered into a Sixteenth Supplemental Indenture, dated as of June 4, 1968, which provided, among other things, for the assumption of the Indenture by the Company; and 

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

 WHEREAS, the Company has succeeded to and has been substituted for the Maine corporation under the Indenture with the same
effect as if it had been named therein as the mortgagor corporation; and 
 WHEREAS, effective March 11, 1997, the name of
Consumers Power Company was changed to Consumers Energy Company; and 
 WHEREAS, the Company has entered into a Term Loan Credit
Agreement dated as of June 13, 2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Term Loan Agreement”) with various financial institutions and JPMorgan Chase Bank, N.A., as agent
(in such capacity, the “Agent”) for the Banks (as such term is 

  
 2 

 
defined in the Term Loan Agreement), providing for the making of certain financial accommodations thereunder, and pursuant to such Term Loan Agreement the Company has agreed to issue to the
Agent, as evidence of and security for the Obligations (as such term is defined in the Term Loan Agreement), a new series of bonds under the Indenture; and 
 WHEREAS, for such purposes the Company desires to issue a new series of bonds, to be designated First Mortgage Bonds, 2012-1 Collateral Series (Interest Bearing), each of which bonds shall also bear the
descriptive title “First Mortgage Bond” (hereinafter provided for and hereinafter sometimes referred to as the “2012-1 Collateral Bonds”), the bonds of which series are to be issued as registered bonds without coupons and
are to bear interest at the rate per annum specified herein and are to mature on the Maturity Date (as such term is defined in the Term Loan Agreement); and 
 WHEREAS, each of the registered bonds without coupons of the 2012-1 Collateral Bonds and the Trustee’s Authentication Certificate thereon are to be substantially in the following form, to wit:

 [FORM OF REGISTERED BOND 
 OF THE 2012-1 COLLATERAL BONDS] 
 [FACE] 

CONSUMERS ENERGY COMPANY 
 FIRST MORTGAGE BOND 
 2012-1 COLLATERAL SERIES (INTEREST BEARING) 

 

					
	 No. 1
	  	$	375,000,000	  

 CONSUMERS ENERGY COMPANY, a Michigan corporation (hereinafter called the “Company”), for
value received, hereby promises to pay to JPMorgan Chase Bank, N.A, as agent (in such capacity, the “Agent”) for the Banks under and as defined in the Term Loan Credit Agreement, dated as of June 13, 2012 among the Company, the
Banks named therein and from time to time party thereto, JPMorgan Chase Bank, N.A., as the Agent (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Term Loan Agreement”), or registered
assigns, on the Maturity Date (defined below) the principal sum of Three Hundred Seventy Five Million Dollars ($375,000,000) or such lesser principal amount as shall be equal to the aggregate principal amount of the Loans (as defined in the Term
Loan Agreement) outstanding on the Maturity Date (as defined in the Term Loan Agreement), but not in excess, however, of the principal amount of this bond, and to pay interest thereon at the Interest Rate (as defined below) until the principal
hereof is paid or duly made available for payment on the Maturity Date, or, in the event of redemption of this bond, until the redemption date, or, in the 

  
 3 

 
event of default in the payment of the principal hereof, until the Company’s obligations with respect to the payment of such principal shall be discharged as provided in the Indenture (as
defined on the reverse hereof). Interest on this bond shall be payable on each Interest Payment Date (as defined below), commencing on the first Interest Payment Date next succeeding June 13, 2012. If the Maturity Date falls on a day which is
not a Business Day, as defined below, principal and any interest and/or fees payable with respect to the Maturity Date will be paid on the immediately preceding Business Day. The interest payable, and punctually paid or duly provided for, on any
Interest Payment Date will, subject to certain exceptions, be paid to the person in whose name this bond (or one or more predecessor bonds) is registered at the close of business on the Record Date (as defined below); provided, however, that
interest payable on the Maturity Date will be payable to the person to whom the principal hereof shall be payable. Should the Company default in the payment of interest (“Defaulted Interest”), the Defaulted Interest shall be paid to
the person in whose name this bond (or one or more predecessor bonds) is registered on a subsequent record date fixed by the Company, which subsequent record date shall be fifteen (15) days prior to the payment of such Defaulted Interest. As
used herein, (A) “Business Day” shall mean any day, other than a Saturday or Sunday, on which banks generally are open in New York, New York for the conduct of substantially all of their commercial lending activities and on
which interbank wire transfers can be made on the Fedwire system; (B) “Interest Payment Date” shall mean each date on which Obligations constituting interest and/or fees are due and payable from time to time pursuant to the
Term Loan Agreement; (C) “Interest Rate” shall mean a rate of interest per annum, adjusted as necessary, to result in an interest payment equal to the aggregate amount of Obligations constituting interest and fees due under the
Term Loan Agreement on the applicable Interest Payment Date; and (D) “Record Date” with respect to any Interest Payment Date shall mean the day (whether or not a Business Day) immediately next preceding such Interest Payment
Date. 
 Payment of the principal of and interest on this bond will be made in immediately available funds at the office or
agency of the Company maintained for that purpose in the City of Jackson, Michigan, 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. 

The provisions of this bond are continued on the reverse hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place. 
 This bond shall not be valid or become obligatory for any purpose unless and until
it shall have been authenticated by the execution by the Trustee or its successor in trust under the Indenture of the certificate hereon. 

  
 4 

 IN WITNESS WHEREOF, Consumers Energy Company has caused this bond to be executed in its name
by its Chairman of the Board, its President or one of its Vice Presidents by his or her signature or a facsimile thereof, and its corporate seal or a facsimile thereof to be affixed hereto or imprinted hereon and attested by its Secretary or one of
its Assistant Secretaries by his or her signature or a facsimile thereof. 
  

							
	Dated:	 		 	CONSUMERS ENERGY COMPANY
			
		 		 	By:                           
                                         
                                         
        
		 		 	Printed:                          
                                         
                                         

		 		 	Title:                          
                                         
                                         
     

Attest:                        
                                     

TRUSTEE’S AUTHENTICATION CERTIFICATE 
 This is one of the bonds, of the series designated therein, described in the within-mentioned Indenture. 

 

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

  

  
 5 

 [REVERSE] 
 CONSUMERS ENERGY COMPANY 
 FIRST MORTGAGE BOND 

2012-1 COLLATERAL SERIES (INTEREST BEARING) 
 This bond is one of the bonds of a series designated as First Mortgage Bonds, 2012-1 Collateral Series (Interest Bearing) (sometimes herein referred to as the “2012-1 Collateral Bonds”)
issued under and in accordance with and secured by an Indenture dated as of September 1, 1945, given by the Company (or its predecessor, Consumers Power Company, a Maine corporation) to City Bank Farmers Trust Company (The Bank of New York
Mellon, successor) (hereinafter sometimes referred to as the “Trustee”), together with indentures supplemental thereto, heretofore or hereafter executed, to which indenture and indentures supplemental thereto (hereinafter referred
to collectively as the “Indenture”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security and the rights, duties and immunities thereunder of the Trustee and the
rights of the holders of said bonds and of the Trustee and of the Company in respect of such security, and the limitations on such rights. By the terms of the Indenture, the bonds to be secured thereby are issuable in series which may vary as to
date, amount, date of maturity, rate of interest and in other respects as provided in the Indenture. 
 The 2012-1 Collateral
Bonds are to be issued and delivered to the Agent in order to evidence and secure the obligation of the Company under the Term Loan Agreement to make payments to the Banks under the Term Loan Agreement and to provide the Banks the benefit of the
lien of the Indenture with respect to the 2012-1 Collateral Bonds. 
 The obligation of the Company to make payments with
respect to the principal of 2012-1 Collateral Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that, at the time that any such payment shall be due, the then due principal of the Loans shall have been
fully or partially paid. Satisfaction of any obligation to the extent that payment is made with respect to the Loans means that if any payment is made on the principal of the Loans , a corresponding payment obligation with respect to the principal
of the 2012-1 Collateral Bonds shall be deemed discharged in the same amount as the payment with respect to the Loans discharges the outstanding obligation with respect to such Loans. 

The obligation of the Company to make payments with respect to the interest on 2012-1 Collateral Bonds shall be fully or partially, as
the case may be, satisfied and discharged to the extent that, at the time that any such payment shall be due, the then due interest and/or fees under the Term Loan Agreement shall have been fully or partially paid. Satisfaction of any obligation to
the extent that payment is made with respect to the interest and/or fees under the Term Loan Agreement means that if any payment is made on the interest and/or fees under the Term Loan Agreement, a corresponding payment obligation with respect to
the interest on the 2012-1 Collateral Bonds shall be deemed discharged in the same amount as the payment with respect to the interest and/or fees under the Term Loan Agreement discharges the outstanding obligation under the Term Loan Agreement with
respect to such interest and/or fees. 

  
 6 

 The Trustee may at any time and all times conclusively assume that the obligation of the
Company to make payments with respect to the principal of and interest on this bond, so far as such payments at the time have become due, has been fully satisfied and discharged unless and until the Trustee shall have received a written notice from
the Agent stating (i) that timely payment of principal and interest on the 2012-1 Collateral Bonds has not been made, (ii) that the Company is in arrears as to the payments required to be made by it to the Agent in connection with the
Obligations pursuant to the Term Loan Agreement, and (iii) the amount of the arrearage. 
 If an Event of Default (as
defined in the Term Loan Agreement) with respect to the payment of the principal of the Loans shall have occurred, it shall be deemed to be a default for purposes of Section 11.01 of the Indenture in the payment of the principal of the 2012-1
Collateral Bonds equal to the amount of such unpaid principal (but in no event in excess of the principal amount of the 2012-1 Collateral Bonds). If an Event of Default (as defined in the Term Loan Agreement) with respect to the payment of interest
on the Loans or any fees shall have occurred, it shall be deemed to be a default for purposes of Section 11.01 of the Indenture in the payment of the interest on the 2012-1 Collateral Bonds equal to the amount of such unpaid interest or fees.

 This bond is not redeemable except upon written demand of the Agent following the occurrence of an Event of Default under the
Term Loan Agreement and the acceleration of the Obligations, as provided in Section 9.2 of the Term Loan Agreement. This bond is not redeemable by the operation of the improvement fund or the maintenance and replacement provisions of the
Indenture or with the proceeds of released property. 
 In case of certain defaults as specified in the Indenture, the principal
of this bond may be declared or may become due and payable on the conditions, at the time, in the manner and with the effect provided in the Indenture. The holders of certain specified percentages of the bonds at the time outstanding, including in
certain cases specified percentages of bonds of particular series, may in certain cases, to the extent and as provided in the Indenture, waive certain defaults thereunder and the consequences of such defaults. 

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

  
 7 

 The Company reserves the right, without any consent, vote or other action by holders of the
2012-1 Collateral Bonds or any other series created after the Sixty-eighth Supplemental Indenture, to amend the Indenture to reduce the percentage of the principal amount of bonds the holders of which are required to approve any supplemental
indenture (other than any supplemental indenture which is subject to the proviso contained in the immediately preceding sentence) (a) from not less than seventy-five per centum (including sixty per centum of each series affected) to not less
than a majority in principal amount of the bonds at the time outstanding or (b) in case fewer than all series are affected, not less than a majority in principal amount of the bonds of all affected series, voting together. 

No recourse shall be had for the payment of the principal of or interest on this bond, or for any claim based hereon, or otherwise in
respect hereof or of the Indenture, to or against any incorporator, stockholder, director or officer, past, present or future, as such, of the Company, or of any predecessor or successor company, either directly or through the Company, or such
predecessor or successor company, or otherwise, under any constitution or statute or rule of law, or by the enforcement of any assessment or penalty, or otherwise, all such liability of incorporators, stockholders, directors and officers, as such,
being waived and released by the holder and owner hereof by the acceptance of this bond and being likewise waived and released by the terms of the Indenture. 
 This bond shall be exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the Investor Services
Department of the Company, as transfer agent. However, notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any registration of transfer or exchange of bonds of said series other than for any tax or
taxes or other governmental charge required to be paid by the Company. 
 The Agent shall surrender this bond to the Trustee
when all of the principal of and interest on the Loans arising under the Term Loan Agreement, and all of the fees payable pursuant to the Term Loan Agreement with respect to the Obligations, shall have been duly paid, and the Term Loan Agreement
(including, without limitation, all Commitments thereunder) shall have been terminated. 
 [END OF FORM OF REGISTERED BOND

 OF THE 2012-1 COLLATERAL BONDS] 
  

 
 AND WHEREAS all
acts and things necessary to make the 2012-1 Collateral Bonds (the “Collateral Bonds”), when duly executed by the Company and authenticated by the Trustee or its agent and issued as prescribed in the Indenture, as heretofore
supplemented and amended, and this Supplemental Indenture provided, the valid, binding and legal obligations of the Company, and to constitute the Indenture, as supplemented and amended as aforesaid, as well as by this Supplemental Indenture, a
valid, binding and legal instrument for the security thereof, have been done and performed, and the creation, execution and delivery of this Supplemental Indenture and the creation, execution and issuance of bonds subject to the terms hereof and of
the Indenture, as so supplemented and amended, have in all respects been duly authorized; 

  
 8 

 NOW, THEREFORE, in consideration of the premises, of the acceptance and purchase by the
holders thereof of the bonds issued and to be issued under the Indenture, as supplemented and amended as above set forth, and of the sum of One Dollar duly paid by the Trustee to the Company, and of other good and valuable considerations, the
receipt whereof is hereby acknowledged, and for the purpose of securing the due and punctual payment of the principal of and premium, if any, and interest on all bonds now outstanding under the Indenture and the $375,000,000 principal amount of the
Collateral Bonds and all other bonds which shall be issued under the Indenture, as supplemented and amended from time to time, and for the purpose of securing the faithful performance and observance of all covenants and conditions therein, and in
any indenture supplemental thereto, set forth, the Company has given, granted, bargained, sold, released, transferred, assigned, hypothecated, pledged, mortgaged, confirmed, set over, warranted, alienated and conveyed and by these presents does
give, grant, bargain, sell, release, transfer, assign, hypothecate, pledge, mortgage, confirm, set over, warrant, alien and convey unto The Bank of New York Mellon, as Trustee, as provided in the Indenture, and its successor or successors in the
trust thereby and hereby created and to its or their assigns forever, all the right, title and interest of the Company in and to all the property, described in Section 11 hereof, together (subject to the provisions of Article X of the
Indenture) with the tolls, rents, revenues, issues, earnings, income, products and profits thereof, excepting, however, the property, interests and rights specifically excepted from the lien of the Indenture as set forth in the Indenture.

 TOGETHER WITH all and singular the tenements, hereditaments and appurtenances belonging or in any wise appertaining to the
premises, property, franchises and rights, or any thereof, referred to in the foregoing granting clause, with the reversion and reversions, remainder and remainders and (subject to the provisions of Article X of the Indenture) the tolls, rents,
revenues, issues, earnings, income, products and profits thereof, and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid premises,
property, franchises and rights and every part and parcel thereof. 
 SUBJECT, HOWEVER, with respect to such premises, property,
franchises and rights, to excepted encumbrances as said term is defined in Section 1.02 of the Indenture, and subject also to all defects and limitations of title and to all encumbrances existing at the time of acquisition. TO HAVE AND TO HOLD
all said premises, property, franchises and rights hereby conveyed, assigned, pledged or mortgaged, or intended so to be, unto the Trustee, its successor or successors in trust and their assigns forever; 

BUT IN TRUST, NEVERTHELESS, with power of sale for the equal and proportionate benefit and security of the holders of all bonds now or
hereafter authenticated and delivered under and secured by the Indenture and interest coupons appurtenant thereto, pursuant to the provisions of the Indenture and of any supplemental indenture, and for the enforcement of the payment of said bonds
and coupons when payable and the performance of and compliance with the covenants and conditions of the Indenture and of any supplemental indenture, without any preference, distinction or priority as to lien or otherwise of any bond or bonds over
others by reason of the difference in time of the actual authentication, delivery, issue, sale or negotiation thereof or for any other reason whatsoever, except as otherwise expressly provided in the Indenture; and so that each and every bond now or
hereafter authenticated and delivered 

  
 9 

 
thereunder shall have the same lien, and so that the principal of and premium, if any, and interest on every such bond shall, subject to the terms thereof, be equally and proportionately secured,
as if it had been made, executed, authenticated, delivered, sold and negotiated simultaneously with the execution and delivery thereof. 
 AND IT IS EXPRESSLY DECLARED by the Company that all bonds authenticated and delivered under and secured by the Indenture, as supplemented and amended as above set forth, are to be issued, authenticated
and delivered, and all said premises, property, franchises and rights hereby and by the Indenture and indentures supplemental thereto conveyed, assigned, pledged or mortgaged, or intended so to be, are to be dealt with and disposed of under, upon
and subject to the terms, conditions, stipulations, covenants, agreements, trusts, uses and purposes expressed in the Indenture, as supplemented and amended as above set forth, and the parties hereto mutually agree as follows: 

SECTION 1. There is hereby created a series of bonds (the “2012-1 Collateral Bonds”) designated as hereinabove provided,
which shall also bear the descriptive title “First Mortgage Bond”, and the forms thereof shall be substantially as hereinbefore set forth (collectively, the “Sample Bond”). The 2012-1 Collateral Bonds shall be issued in
the aggregate principal amount of $375,000,000, shall mature on the Maturity Date (as such term is defined in the Term Loan Agreement) and shall be issued only as registered bonds without coupons in denominations of $1,000 and any multiple thereof.
The serial numbers of the Collateral Bonds shall be such as may be approved by any officer of the Company, the execution thereof by any such officer either manually or by facsimile signature to be conclusive evidence of such approval. The Collateral
Bonds are to be issued to and registered in the name of the Agent under the Term Loan Agreement (as such terms are defined in the Sample Bonds) to evidence and secure any and all Obligations (as such term is defined in the Term Loan Agreement) of
the Company under the Term Loan Agreement. 
 The 2012-1 Collateral Bonds shall bear interest as set forth in the Sample Bond.
The principal of and the interest on said bonds shall be payable as set forth in the Sample Bond. 
 The obligation of the
Company to make payments with respect to the principal of 2012-1 Collateral Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that, at the time that any such payment shall be due, the then due principal of
the Loans shall have been fully or partially paid. Satisfaction of any obligation to the extent that payment is made with respect to the Loans means that if any payment is made on the principal of the Loans , a corresponding payment obligation with
respect to the principal of the 2012-1 Collateral Bonds shall be deemed discharged in the same amount as the payment with respect to the Loans discharges the outstanding obligation with respect to such Loans. The obligation of the Company to make
payments with respect to interest on 2012-1 Collateral Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that, at the time that any such payment shall be due, the then due interest and/or fees under the
Term Loan Agreement shall have been fully or partially paid. Satisfaction of any obligation to the extent that payment is made with respect to the interest and/or fees under the Term Loan Agreement means that if any payment is made on the interest
and/or fees under the Term Loan Agreement, a corresponding payment obligation with respect to the interest on the 2012-1 Collateral Bonds shall be deemed discharged in the same amount as the payment with respect to the interest and/or fees under the
Term Loan Agreement discharges the outstanding obligation under the Term Loan Agreement with respect to such interest and/or fees. 

  
 10 

 The Trustee may at any time and all times conclusively assume that the obligation of the
Company to make payments with respect to the principal of and interest on the 2012-1 Collateral Bonds, so far as such payments at the time have become due, has been fully satisfied and discharged unless and until the Trustee shall have received a
written notice from the Agent stating (i) that timely payment of principal and interest on the 2012-1 Collateral Bonds has not been made, (ii) that the Company is in arrears as to the payments required to be made by it to the Agent
pursuant to the Term Loan Agreement, and (iii) the amount of the arrearage. 
 The 2012-1 Collateral Bonds shall be
exchangeable for other registered bonds of the same series, in the manner and upon the conditions prescribed in the Indenture, upon the surrender of such bonds at the Investor Services Department of the Company, as transfer agent. However,
notwithstanding the provisions of Section 2.05 of the Indenture, no charge shall be made upon any registration of transfer or exchange of bonds of said series other than for any tax or taxes or other governmental charge required to be paid by
the Company. 
 SECTION 2. The 2012-1 Collateral Bonds are not redeemable by the operation of the maintenance and replacement
provisions of this Indenture or with the proceeds of released property. 
 SECTION 3. Upon the occurrence of an Event of Default
under the Term Loan Agreement and the acceleration of the Obligations, the 2012-1 Collateral Bonds shall be redeemable in whole upon receipt by the Trustee of a written demand from the Agent stating that there has occurred under the Term Loan
Agreement both an Event of Default and a declaration of acceleration of the Obligations and demanding redemption of the 2012-1 Collateral Bonds (including a description of the amount of principal, interest and fees which comprise such Obligations).
The Company waives any right it may have to prior notice of such redemption under the Indenture. Upon surrender of the 2012-1 Collateral Bonds by the Agent to the Trustee, the 2012-1 Collateral Bonds shall be redeemed at a redemption price equal to
the aggregate amount of the Obligations. 
 SECTION 4. The Company reserves the right, without any consent, vote or other action
by the holder of the 2012-1 Collateral Bonds or of any subsequent series of bonds issued under the Indenture, to make such amendments to the Indenture, as supplemented, as shall be necessary in order to amend Section 17.02 to read as follows:

 SECTION 17.02. With the consent of the holders of not less than a majority in principal amount of the bonds at
the time outstanding or their attorneys-in-fact duly authorized, or, if fewer than all series are affected, not less than a majority in principal amount of the bonds at the time outstanding of each series the rights of the holders of which are
affected, voting together, the Company, when authorized by a resolution, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this 

  
 11 

 
Indenture or of any supplemental indenture or modifying the rights and obligations of the Company and the rights of the holders of any of the bonds and coupons; provided, however, that no such
supplemental indenture shall (1) extend the maturity of any of the bonds or reduce the rate or extend the time of payment of interest thereon, or reduce the amount of the principal thereof, or reduce any premium payable on the redemption
thereof, without the consent of the holder of each bond so affected, or (2) permit the creation of any lien, not otherwise permitted, prior to or on a parity with the lien of this Indenture, without the consent of the holders of all the bonds
then outstanding, or (3) reduce the aforesaid percentage of the principal amount of bonds the holders of which are required to approve any such supplemental indenture, without the consent of the holders of all the bonds then outstanding. For
the purposes of this Section, bonds shall be deemed to be affected by a supplemental indenture if such supplemental indenture adversely affects or diminishes the rights of holders thereof against the Company or against its property. The Trustee may
in its discretion determine whether or not, in accordance with the foregoing, bonds of any particular series would be affected by any supplemental indenture and any such determination shall be conclusive upon the holders of bonds of such series and
all other series. Subject to the provisions of Sections 16.02 and 16.03 hereof, the Trustee shall not be liable for any determination made in good faith in connection herewith. 

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

The Company and the Trustee, if they so elect, and either before or after such consent has been obtained, may require the
holder of any bond consenting to the execution of any such supplemental indenture to submit his bond to the Trustee or to ask such bank, banker or trust company as may be designated by the Trustee for the purpose, for the notation thereon of the
fact that the holder of such bond has consented to the execution of such supplemental indenture, and in such case such notation, in form satisfactory to the Trustee, shall be made upon all bonds so submitted, and such bonds bearing such notation
shall forthwith be returned to the persons entitled thereto. 

  
 12 

 Prior to the execution by the Company and the Trustee of any supplemental
indenture pursuant to the provisions of this Section, the Company shall publish a notice, setting forth in general terms the substance of such supplemental indenture, at least once in one daily newspaper of general circulation in each city in which
the principal of any of the bonds shall be payable, or, if all bonds outstanding shall be registered bonds without coupons or coupon bonds registered as to principal, such notice shall be sufficiently given if mailed, first class, postage prepaid,
and registered if the Company so elects, to each registered holder of bonds at the last address of such holder appearing on the registry books, such publication or mailing, as the case may be, to be made not less than thirty days prior to such
execution. Any failure of the Company to give such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

SECTION 5. As supplemented and amended as above set forth, the Indenture is in all respects ratified and confirmed, and the Indenture and
all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 
 SECTION 6. Nothing
contained in this Supplemental Indenture shall, or shall be construed to, confer upon any person other than a holder of bonds issued under the Indenture, as supplemented and amended as above set forth, the Company, the Trustee and the Agent, for the
benefit of the Banks (as such term is defined in the Term Loan Agreement), any right or interest to avail himself of any benefit under any provision of the Indenture, as so supplemented and amended. 

SECTION 7. The Trustee assumes no responsibility for or in respect of the validity or sufficiency of this Supplemental Indenture or of
the Indenture as hereby supplemented or the due execution hereof by the Company or for or in respect of the recitals and statements contained herein (other than those contained in the sixth, seventh and eighth recitals hereof), all of which recitals
and statements are made solely by the Company. 
 SECTION 8. This Supplemental Indenture may be simultaneously executed in
several counterparts and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. 
 SECTION 9. In the event the date of any notice required or permitted hereunder shall not be a Business Day, then (notwithstanding any other provision of the Indenture or of any supplemental indenture
thereto) such notice need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date fixed for such notice. “Business Day” means, with respect to this
Section 9, any day, other than a Saturday or Sunday, on which banks generally are open in New York, New York for the conduct of substantially all of their commercial lending activities and on which interbank wire transfers can be made on the
Fedwire system. 

  
 13 

 SECTION 10. This Supplemental Indenture and the 2012-1 Collateral Bonds shall be governed by
and deemed to be a contract under, and construed in accordance with, the laws of the State of Michigan, and for all purposes shall be construed in accordance with the laws of such state, except as may otherwise be required by mandatory provisions of
law. 
 SECTION 11. Detailed Description of Property Mortgaged: 

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

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

  
 14 

 
of them or adjacent thereto; together with all real property, rights of way, easements, permits, privileges, franchises, grants and rights, for or relating to the construction, maintenance or
operation thereof, through, over, under or upon any private property or any public streets or highways within as well as without the corporate limits of any municipal corporation. 

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

V. 
 GAS
COMPRESSOR STATIONS, GAS PROCESSING PLANTS, DESULPHURIZATION 
 STATIONS, METERING STATIONS, ODORIZING STATIONS, REGULATORS AND
SITES 
 All the compressor stations, processing plants, desulphurization stations, metering stations, odorizing stations,
regulators and sites of the Company, constructed or otherwise acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture, for compressing, processing,
desulphurizing, metering, odorizing and regulating manufactured or natural gas at any of its plants and elsewhere, together with all buildings, meters and other appliances and equipment, and all other property, real or personal, forming a part of or
appertaining to or used, occupied or enjoyed in connection with any of such purposes, with sites to be used for such purposes. 

VI. 
 GAS STORAGE
FIELDS 
 The natural gas rights and interests of the Company, including wells and well lines (but not including natural gas,
oil and minerals), the gas gathering system, the underground gas storage rights, the underground gas storage wells and injection and withdrawal system used in connection therewith, constructed or otherwise acquired by it and not heretofore described
in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture: In the Overisel Gas Storage Field, located in the Township of Overisel, Allegan County, and in the Township of Zeeland, Ottawa County, Michigan;
in the Northville Gas Storage Field located in the Township of Salem, Washtenaw County, Township of Lyon, Oakland County, and the Townships of Northville and Plymouth and City of Plymouth, Wayne County, Michigan; in the Salem Gas Storage Field,
located in the Township of Salem, Allegan County, and in the 

  
 15 

 
Township of Jamestown, Ottawa County, Michigan; in the Ray Gas Storage Field, located in the Townships of Ray and Armada, Macomb County, Michigan; in the Lenox Gas Storage Field, located in the
Townships of Lenox and Chesterfield, Macomb County, Michigan; in the Ira Gas Storage Field, located in the Township of Ira, St. Clair County, Michigan; in the Puttygut Gas Storage Field, located in the Township of Casco, St. Clair County, Michigan;
in the Four Corners Gas Storage Field, located in the Townships of Casco, China, Cottrellville and Ira, St. Clair County, Michigan; in the Swan Creek Gas Storage Field, located in the Township of Casco and Ira, St. Clair County, Michigan; and in the
Hessen Gas Storage Field, located in the Townships of Casco and Columbus, St. Clair, Michigan. 
 VII. 

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

All the gas distribution systems of the Company, constructed or otherwise acquired by it and not heretofore described in the Indenture or
any supplement thereto and not heretofore released from the lien of the Indenture, including tunnels, conduits, gas mains and pipes, service pipes, fittings, gates, valves, connections, meters and other appliances and equipment, and all other
property, real or personal, forming a part of or appertaining to or used, occupied or enjoyed in connection with such distribution systems or any of them or adjacent thereto; together with all real property, rights of way, easements, permits,
privileges, franchises, grants and rights, for or relating to the construction, maintenance or operation thereof, through, over, under or upon any private property or any public streets or highways within as well as without the corporate limits of
any municipal corporation. 
 IX. 
 OFFICE BUILDINGS, SERVICE BUILDINGS, GARAGES, ETC. 
 All office, garage, service
and other buildings of the Company, wherever located, in the State of Michigan, constructed or otherwise acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the
Indenture, together with the land on which the same are situated and all easements, rights of way and appurtenances to said lands, together with all furniture and fixtures located in said buildings. 

  
 16 

 X. 
 TELEPHONE PROPERTIES AND 
 RADIO COMMUNICATION EQUIPMENT 

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

All other real property of the Company and all interests therein, of every nature and description (except any in the Indenture expressly
excepted) wherever located, in the State of Michigan, acquired by it and not heretofore described in the Indenture or any supplement thereto and not heretofore released from the lien of the Indenture. Such real property includes but is not limited
to the following described property, such property is subject to any interests that were excepted or reserved in the conveyance to the Company: 
 ALCONA COUNTY 
 Certain land in Caledonia Township, Alcona County, Michigan
described as: 
 The East 330 feet of the South 660 feet of the SW 1/4 of the SW 1/4 of Section 8, T28N,
R8E, except the West 264 feet of the South 330 feet thereof; said land being more particularly described as follows: To find the place of beginning of this description, commence at the Southwest corner of said section, run thence East along the
South line of said section 1243 feet to the place of beginning of this description, thence continuing East along said South line of said section 66 feet to the West 1/8 line of said section, thence N 02 degrees 09’ 30” E along the said
West 1/8 line of said section 660 feet, thence West 330 feet, thence S 02 degrees 09’ 30” W, 330 feet, thence East 264 feet, thence S 02 degrees 09’ 30” W, 330 feet to the place of beginning. 

  
 17 

 ALLEGAN COUNTY 
 Certain land in Lee Township, Allegan County, Michigan described as: 
 The NE 1/4 of the NW 1/4 of Section 16, T1N, R15W. 
 ALPENA COUNTY 

Certain land in Wilson and Green Townships, Alpena County, Michigan described as: 

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

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

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

  
 18 

 BARRY COUNTY 
 Certain land in Johnstown Township, Barry County, Michigan described as: 
 A strip of land 311 feet in width across the SW 1/4 of the NE 1/4 of Section 31, T1N, R8W, described as follows: To find the place of beginning of this description, commence at the E  1/4 post of said section; run thence N 00 degrees 55’ 00” E
along the East line of said section, 555.84 feet; thence N 59 degrees 36’ 20” W, 1375.64 feet; thence N 88 degrees 30’ 00” W, 130 feet to a point on the East 1/8 line of said section and the place of beginning of this
description; thence continuing N 88 degrees 30’ 00” W, 1327.46 feet to the North and South 1/4 line of said section; thence S 00 degrees 39’35” W along said North and South 1/4 line of said section, 311.03 feet to a point, which
said point is 952.72 feet distant N’ly from the East and West 1/4 line of said section as measured along said North and South 1/4 line of said section; thence S 88 degrees 30’ 00” E, 1326.76 feet to the East 1/8 line of said section;
thence N 00 degrees 47’ 20” E along said East 1/8 line of said section, 311.02 feet to the place of beginning. 

BAY COUNTY 

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

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

BENZIE COUNTY 

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

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

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

A parcel of land in the NE 1/4 of Section 23 T5S, R6W, described as beginning at a point on the North and South
quarter line of said section at a point 1278.27 feet distant South of the North quarter post of said section, said distance being measured along the North and South quarter line of said section, running thence S89 degrees21’E 250 feet, thence
North along a line parallel with the said North and South quarter line of said section 200 feet, thence N89 degrees21’W 250 feet to the North and South quarter line of said section, thence South along said North and South quarter line of said
section 200 feet to the place of beginning. 

  
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 CALHOUN COUNTY 
 Certain land in Convis Township, Calhoun County, Michigan described as: 
 A parcel of land in the SE 1/4 of the SE 1/4 of Section 32, T1S, R6W, described as follows: To find the place of beginning of this description, commence at the Southeast corner of said section; run
thence North along the East line of said section 1034.32 feet to the place of beginning of this description; running thence N 89 degrees 39’ 52” W, 333.0 feet; thence North 290.0 feet to the South 1/8 line of said section; thence S 89
degrees 39’ 52” E along said South 1/8 line of said section 333.0 feet to the East line of said section; thence South along said East line of said section 290.0 feet to the place of beginning. (Bearings are based on the East line of
Section 32, T1S, R6W, from the Southeast corner of said section to the Northeast corner of said section assumed as North.) 

CASS COUNTY 

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

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

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

  
 20 

 CHEBOYGAN COUNTY 
 Certain land in Inverness Township, Cheboygan County, Michigan described as: 
 A parcel of land in the SW frl 1/4 of Section 31, T37N, R2W, described as beginning at the Northwest corner of the SW frl 1/4, running thence East on the East and West quarter line of said Section,
40 rods, thence South parallel to the West line of said Section 40 rods, thence West 40 rods to the West line of said Section, thence North 40 rods to the place of beginning. 

CLARE COUNTY 

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

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

CLINTON COUNTY 

Certain land in Watertown Township, Clinton County, Michigan described as: 

The NE 1/4 of the NE 1/4 of the SE 1/4 of Section 22, and the North 165 feet of the NW 1/4 of the NE 1/4 of the SE
1/4 of Section 22, T5N, R3W. 
 CRAWFORD COUNTY 
 Certain land in Lovells Township, Crawford County, Michigan described as: 
 A parcel of land in Section 1, T28N, R1W, described as: Commencing at NW corner said section; thence South 89 degrees53’30” East along North section line 105.78 feet to point of beginning;
thence South 89 degrees53’30” East along North section line 649.64 feet; thence South 55 degrees 42’30” East 340.24 feet; thence South 55 degrees 44’ 37”“ East 5,061.81 feet to the East section line; thence South
00 degrees 00’ 08”“ West along East section line 441.59 feet; thence North 55 degrees 44’ 37” West 5,310.48 feet; thence North 55 degrees 42’30” West 877.76 feet to point of beginning. 

EATON COUNTY 

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

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

  
 21 

 EMMET COUNTY 
 Certain land in Wawatam Township, Emmet County, Michigan described as: 
 The West 1/2 of the Northeast 1/4 of the Northeast 1/4 of Section 23, T39N, R4W. 
 GENESEE COUNTY 
 Certain land in Argentine Township, Genesee County, Michigan
described as: 
 A parcel of land of part of the SW 1/4 of Section 8, T5N, R5E, being more particularly
described as follows: 
 Beginning at a point of the West line of Duffield Road, 100 feet wide, (as now
established) distant 829.46 feet measured N01 degrees42’56”W and 50 feet measured S88 degrees14’04”W from the South quarter corner, Section 8, T5N, R5E; thence S88 degrees14’04”W a distance of 550 feet; thence N01
degrees42’56”W a distance of 500 feet to a point on the North line of the South half of the Southwest quarter of said Section 8; thence N88 degrees14’04”E along the North line of South half of the Southwest quarter of said
Section 8 a distance 550 feet to a point on the West line of Duffield Road, 100 feet wide (as now established); thence S01 degrees42’56”E along the West line of said Duffield Road a distance of 500 feet to the point of beginning.

 GLADWIN COUNTY 
 Certain land in Secord Township, Gladwin County, Michigan described as: 
 The East 400 feet of the South 450 feet of Section 2, T19N, R1E. 
 GRAND
TRAVERSE COUNTY 
 Certain land in Mayfield Township, Grand Traverse County, Michigan described as: 

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

  
 22 

 GRATIOT COUNTY 
 Certain land in Fulton Township, Gratiot County, Michigan described as: 
 A parcel of land in the NE 1/4 of Section 7, Township 9 North, Range 3 West, described as beginning at a point on the North line of George Street in the Village of Middleton, which is 542 feet East
of the North and South one-quarter (1/4) line of said Section 7; thence North 100 feet; thence East 100 feet; thence South 100 feet to the North line of George Street; thence West along the North line of George Street 100 feet to place of
beginning. 
 HILLSDALE COUNTY 
 Certain land in Litchfield Village, Hillsdale County, Michigan described as: 
 Lot 238 of Assessors Plat of the Village of Litchfield. 
 HURON COUNTY 

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

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

INGHAM COUNTY 

Certain land in Vevay Township, Ingham County, Michigan described as: 

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

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

A strip of land 280 feet wide across that part of the SW 1/4 of the NE 1/4 of Section 15, T5N, R6W, described as
follows: 

  
 23 

 To find the place of beginning of this description commence at the E 1/4
corner of said section; run thence N 00 degrees 05’ 38” W along the East line of said section, 1218.43 feet; thence S 67 degrees 18’ 24” W, 1424.45 feet to the East 1/8 line of said section and the place of beginning of this
description; thence continuing S 67 degrees 18’ 24” W, 1426.28 feet to the North and South 1/4 line of said section at a point which said point is 105.82 feet distant N’ly of the center of said section as measured along said North and
South 1/4 line of said section; thence N 00 degrees 04’ 47” E along said North and South 1/4 line of said section, 303.67 feet; thence N 67 degrees 18’ 24” E, 1425.78 feet to the East 1/8 line of said section; thence S 00 degrees
00’ 26” E along said East 1/8 line of said section, 303.48 feet to the place of beginning. (Bearings are based on the East line of Section 15, T5N, R6W, from the E 1/4 corner of said section to the Northeast corner of said section
assumed as N 00 degrees 05’ 38” W.) 
 IOSCO COUNTY 

Certain land in Alabaster Township, Iosco County, Michigan described as: 

A parcel of land in the NW 1/4 of Section 34, T21N, R7E, described as follows: To find the place of beginning of this
description commence at the N 1/4 post of said section; run thence South along the North and South 1/4 line of said section, 1354.40 feet to the place of beginning of this description; thence continuing South along the said North and South 1/4 line
of said section, 165.00 feet to a point on the said North and South 1/4 line of said section which said point is 1089.00 feet distant North of the center of said section; thence West 440.00 feet; thence North 165.00 feet; thence East 440.00 feet to
the said North and South 1/4 line of said section and the place of beginning. 
 ISABELLA COUNTY 

Certain land in Chippewa Township, Isabella County, Michigan described as: 

The North 8 rods of the NE 1/4 of the SE 1/4 of Section 29, T14N, R3W. 

JACKSON COUNTY 

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

A parcel of land in the North fractional part of the N fractional 1/2 of Section 2, T1S, R2E, described as follows:
To find the place of beginning of this description commence at the E 1/4 post of said section; run thence N 01 degrees 03’ 40” E along the East line of said section 1335.45 feet to the North 1/8 line of said section and the place of
beginning of this description; thence N 89 degrees 32’ 00” W, 2677.7 feet to the North and South 1/4 line of said section; thence S 00 degrees 59’ 25” W along the North and South 1/4 line of said section 22.38 feet to the North
1/8 line of said section; thence S 89 degrees 59’ 10” W along the North 1/8 line of said section 

  
 24 

 
2339.4 feet to the center line of State Trunkline Highway M-52; thence N 53 degrees 46’ 00” W along the center line of said State Trunkline Highway 414.22 feet to the West line of said
section; thence N 00 degrees 55’ 10” E along the West line of said section 74.35 feet; thence S 89 degrees 32’ 00” E, 5356.02 feet to the East line of said section; thence S 01 degrees 03’ 40” W along the East line of
said section 250 feet to the place of beginning. 
 KALAMAZOO COUNTY 

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

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

KALKASKA COUNTY 

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

The NW 1/4 of the SW 1/4 of Section 4, T27N, R7W, excepting therefrom all mineral, coal, oil and gas and such other
rights as were reserved unto the State of Michigan in that certain deed running from the Department of Conservation for the State of Michigan to George Welker and Mary Welker, his wife, dated October 9, 1934 and recorded December 28, 1934
in Liber 39 on page 291 of Kalkaska County Records, and subject to easement for pipeline purposes as granted to Michigan Consolidated Gas Company by first party herein on April 4, 1963 and recorded June 21, 1963 in Liber 91 on page 631 of
Kalkaska County Records. 
 KENT COUNTY 
 Certain land in Caledonia Township, Kent County, Michigan described as: 
 A parcel of land in the Northwest fractional 1/4 of Section 15, T5N, R10W, described as follows: To find the place of beginning of this description commence at the North 1/4 corner of said section,
run thence S 0 degrees 59’ 26” E along the North and South 1/4 line of said section 2046.25 feet to the place of beginning of this description, thence continuing S 0 degrees 59’ 26” E along said North and South 1/4 line of said
section 

  
 25 

 
332.88 feet, thence S 88 degrees 58’ 30” W 2510.90 feet to a point herein designated “Point A” on the East bank of the Thornapple River, thence continuing S 88 degrees
53’ 30” W to the center thread of the Thornapple River, thence NW’ly along the center thread of said Thornapple River to a point which said point is S 88 degrees 58’ 30” W of a point on the East bank of the Thornapple River
herein designated “Point B”, said “Point B” being N 23 degrees 41’ 35” W 360.75 feet from said above-described “Point A”, thence N 88 degrees 58’ 30” E to said “Point B”, thence continuing
N 88 degrees 58’ 30” E 2650.13 feet to the place of beginning. (Bearings are based on the East line of Section 15, T5N, R10W between the East 1/4 corner of said section and the Northeast corner of said section assumed as N 0 degrees
59’ 55” W.) 
 LAKE COUNTY 
 Certain land in Pinora and Cherry Valley Townships, Lake County, Michigan described as: 
 A strip of land 50 feet wide East and West along and adjoining the West line of highway on the East side of the North 1/2 of Section 13 T18N, R12W. Also a strip of land 100 feet wide East and West
along and adjoining the East line of the highway on the West side of following described land: The South 1/2 of NW 1/4, and the South 1/2 of the NW 1/4 of the SW 1/4, all in Section 6, T18N, R11W. 

LAPEER COUNTY 

Certain land in Hadley Township, Lapeer County, Michigan described as: 

The South 825 feet of the W 1/2 of the SW 1/4 of Section 24, T6N, R9E, except the West 1064 feet thereof. 

LEELANAU COUNTY 

Certain land in Cleveland Township, Leelanau County, Michigan described as: 

The North 200 feet of the West 180 feet of the SW 1/4 of the SE 1/4 of Section 35, T29N, R13W. 

LENAWEE COUNTY 

Certain land in Madison Township, Lenawee County, Michigan described as: 

A strip of land 165 feet wide off the West side of the following described premises: The E 1/2 of the SE 1/4 of
Section 12. The E 1/2 of the NE 1/4 and the NE 1/4 of the SE 1/4 of Section 13, being all in T7S, R3E, excepting therefrom a parcel of land in the E 1/2 of the SE 1/4 of Section 12, T7S, R3E, beginning at the Northwest corner of said
E 1/2 of the SE 1/4 of Section 12, running thence East 4 rods, thence South 6 rods, thence West 4 rods, thence North 6 rods to the place of beginning. 

  
 26 

 LIVINGSTON COUNTY 
 Certain land in Cohoctah Township, Livingston County, Michigan described as: 
 Parcel 1 
 The East 390 feet of the East 50 rods of the SW 1/4 of
Section 30, T4N, R4E. 
 Parcel 2 

A parcel of land in the NW 1/4 of Section 31, T4N, R4E, described as follows: To find the place of beginning of this
description commence at the N 1/4 post of said section; run thence N 89 degrees 13’ 06” W along the North line of said section, 330 feet to the place of beginning of this description; running thence S 00 degrees 52’ 49” W,
2167.87 feet; thence N 88 degrees 59’ 49” W, 60 feet; thence N 00 degrees 52’ 49” E, 2167.66 feet to the North line of said section; thence S 89 degrees 13’ 06” E along said North line of said section, 60 feet to the
place of beginning. 
 MACOMB COUNTY 
 Certain land in Macomb Township, Macomb County, Michigan described as: 
 A parcel of land commencing on the West line of the E 1/2 of the NW 1/4 of fractional Section 6, 20 chains South of the NW corner of said E 1/2 of the NW 1/4 of Section 6; thence South on said
West line and the East line of A. Henry Kotner’s Hayes Road Subdivision #15, according to the recorded plat thereof, as recorded in Liber 24 of Plats, on page 7, 24.36 chains to the East and West 1/4 line of said Section 6; thence East on
said East and West 1/4 line 8.93 chains; thence North parallel with the said West line of the E 1/2 of the NW 1/4 of Section 6, 24.36 chains; thence West 8.93 chains to the place of beginning, all in T3N, R13E. 

MANISTEE COUNTY 

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

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

  
 27 

 MASON COUNTY 
 Certain land in Riverton Township, Mason County, Michigan described as: 
 Parcel 1 
 The South 10 acres of the West 20 acres of the S 1/2 of
the NE 1/4 of Section 22, T17N, R17W. 
 Parcel 2 

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

MECOSTA COUNTY 

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

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

MIDLAND COUNTY 

Certain land in Ingersoll Township, Midland County, Michigan described as: 

The West 200 feet of the W 1/2 of the NE 1/4 of Section 4, T13N, R2E. 

MISSAUKEE COUNTY 

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

  
 28 

 A parcel of land in the NW 1/4 of the NW 1/4 of Section 16, T24N, R6W,
described as follows: Commencing at the Northwest corner of said section, running thence N 89 degrees 01’ 45” E along the North line of said section 233.00 feet; thence South 233.00 feet; thence S 89 degrees 01’ 45” W, 233.00
feet to the West line of said section; thence North along said West line of said section 233.00 feet to the place of beginning. (Bearings are based on the West line of Section 16, T24N, R6W, between the Southwest and Northwest corners of said
section assumed as North.) 
 MONROE COUNTY 
 Certain land in Whiteford Township, Monroe County, Michigan described as: 
 A parcel of land in the SW1/4 of Section 20, T8S, R6E, described as follows: To find the place of beginning of this description commence at the S 1/4 post of said section; run thence West along the
South line of said section 1269.89 feet to the place of beginning of this description; thence continuing West along said South line of said section 100 feet; thence N 00 degrees 50’ 35” E, 250 feet; thence East 100 feet; thence S 00
degrees 50’ 35” W parallel with and 16.5 feet distant W’ly of as measured perpendicular to the West 1/8 line of said section, as occupied, a distance of 250 feet to the place of beginning. 

MONTCALM COUNTY 

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

The N 1/2 of the S 1/2 of the SE 1/4 of Section 35, T10N, R5W. 

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

  
 29 

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

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

OCEANA COUNTY 

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

The East 290 feet of the SE 1/4 of the NW 1/4 and the East 290 feet of the NE 1/4 of the SW 1/4, all in Section 20,
T16N, R16W. 
 OGEMAW COUNTY 
 Certain land in West Branch Township, Ogemaw County, Michigan described as: 
 The South 660 feet of the East 660 feet of the NE 1/4 of the NE 1/4 of Section 33, T22N, R2E. 
 OSCEOLA COUNTY 
 Certain land in Hersey Township, Osceola County, Michigan
described as: 
 A parcel of land in the North 1/2 of the Northeast 1/4 of Section 13, T17N, R9W, described
as commencing at the Northeast corner of said Section; thence West along the North Section line 999 feet to the point of beginning of this description; thence S 01 degrees 54’ 20” E 1327.12 feet to the North 1/8 line; thence S 89 degrees
17’ 05” W along the North 1/8 line 330.89 feet; thence N 01 degrees 54’ 20” W 1331.26 feet to the North Section line; thence East along the North Section line 331 feet to the point of beginning. 

OSCODA COUNTY 

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

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

  
 30 

 OTSEGO COUNTY 
 Certain land in Corwith Township, Otsego County, Michigan described as: 
 Part of the NW 1/4 of the NE 1/4 of Section 28, T32N, R3W, described as: Beginning at the N 1/4 corner of said section; running thence S 89 degrees 04’ 06” E along the North line of said
section, 330.00 feet; thence S 00 degrees 28’ 43” E, 400.00 feet; thence N 89 degrees 04’ 06” W, 330.00 feet to the North and South 1/4 line of said section; thence N 00 degrees 28’ 43” W along the said North and South
1/4 line of said section, 400.00 feet to the point of beginning; subject to the use of the N’ly 33.00 feet thereof for highway purposes. 
 OTTAWA COUNTY 
 Certain land in Robinson Township, Ottawa County, Michigan
described as: 
 The North 660 feet of the West 660 feet of the NE 1/4 of the NW 1/4 of Section 26, T7N,
R15W. 
 PRESQUE ISLE COUNTY 
 Certain land in Belknap and Pulawski Townships, Presque Isle County, Michigan described as: 
 Part of the South half of the Northeast quarter, Section 24, T34N, R5E, and part of the Northwest quarter, Section 19, T34N, R6E, more fully described as: Commencing at the East  1/4 corner of said Section 24; thence N 00 degrees15’47”
E, 507.42 feet, along the East line of said Section 24 to the point of beginning; thence S 88 degrees15’36” W, 400.00 feet, parallel with the North 1/8 line of said Section 24; thence N 00 degrees15’47” E, 800.00 feet,
parallel with said East line of Section 24; thence N 88 degrees15’36”E, 800.00 feet, along said North 1/8 line of Section 24 and said line extended; thence S 00 degrees15’47” W, 800.00 feet, parallel with said East line
of Section 24; thence S 88 degrees15’36” W, 400.00 feet, parallel with said North 1/8 line of Section 24 to the point of beginning. 
 Together with a 33 foot easement along the West 33 feet of the Northwest quarter lying North of the North 1/8 line of Section 24, Belknap Township, extended, in Section 19, T34N, R6E.

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

  
 31 

 A parcel of land in the NW 1/4 of Section 19, T24N, R3W, described as
follows: To find the place of beginning of this description commence at the Northwest corner of said section, run thence East along the North line of said section 1,163.2 feet to the place of beginning of this description (said point also being the
place of intersection of the West 1/8 line of said section with the North line of said section), thence S 01 degrees 01’ E along said West 1/8 line 132 feet, thence West parallel with the North line of said section 132 feet, thence N 01 degrees
01’ W parallel with said West 1/8 line of said section 132 feet to the North line of said section, thence East along the North line of said section 132 feet to the place of beginning. 

SAGINAW COUNTY 

Certain land in Chapin Township, Saginaw County, Michigan described as: 

A parcel of land in the SW 1/4 of Section 13, T9N, R1E, described as follows: To find the place of beginning of this
description commence at the Southwest corner of said section; run thence North along the West line of said section 1581.4 feet to the place of beginning of this description; thence continuing North along said West line of said section 230 feet to
the center line of a creek; thence S 70 degrees 07’ 00” E along said center line of said creek 196.78 feet; thence South 163.13 feet; thence West 185 feet to the West line of said section and the place of beginning. 

SANILAC COUNTY 

Certain easement rights located across land in Minden Township, Sanilac County, Michigan described as: 

The Southeast 1/4 of the Southeast 1/4 of Section 1, T14N, R14E, excepting therefrom the South 83 feet of the East 83
feet thereof. 
 SHIAWASSEE COUNTY 
 Certain land in Burns Township, Shiawassee County, Michigan described as: 
 The South 330 feet of the E 1/2 of the NE 1/4 of Section 36, T5N, R4E. 
 ST.
CLAIR COUNTY 
 Certain land in Ira Township, St. Clair County, Michigan described as: 

The N 1/2 of the NW 1/4 of the NE 1/4 of Section 6, T3N, R15E. 

ST. JOSEPH COUNTY 
 Certain land in Mendon Township, St. Joseph County, Michigan described as: 
 The North 660 feet of the West 660 feet of the NW 1/4 of SW 1/4, Section 35, T5S, R10W. 

  
 32 

 TUSCOLA COUNTY 
 Certain land in Millington Township, Tuscola County, Michigan described as: 
 A strip of land 280 feet wide across the East 96 rods of the South 20 rods of the N 1/2 of the SE 1/4 of Section 34, T10N, R8E, more particularly described as commencing at the Northeast corner of
Section 3, T9N, R8E, thence S 89 degrees 55’ 35” W along the South line of said Section 34 a distance of 329.65 feet, thence N 18 degrees 11’ 50” W a distance of 1398.67 feet to the South 1/8 line of said
Section 34 and the place of beginning for this description; thence continuing N 18 degrees 11’ 50” W a distance of 349.91 feet; thence N 89 degrees 57’ 01” W a distance of 294.80 feet; thence S 18 degrees 11’ 50” E
a distance of 350.04 feet to the South 1/8 line of said Section 34; thence S 89 degrees 58’ 29” E along the South 1/8 line of said section a distance of 294.76 feet to the place of beginning. 

VAN BUREN COUNTY 

Certain land in Covert Township, Van Buren County, Michigan described as: 

All that part of the West 20 acres of the N 1/2 of the NE fractional 1/4 of Section 1, T2S, R17W, except the West 17
rods of the North 80 rods, being more particularly described as follows: To find the place of beginning of this description commence at the N 1/4 post of said section; run thence N 89 degrees 29’ 20” E along the North line of said section
280.5 feet to the place of beginning of this description; thence continuing N 89 degrees 29’ 20” E along said North line of said section 288.29 feet; thence S 00 degrees 44’ 00” E, 1531.92 feet; thence S 89 degrees 33’
30” W, 568.79 feet to the North and South 1/4 line of said section; thence N 00 degrees 44’ 00” W along said North and South 1/4 line of said section 211.4 feet; thence N 89 degrees 29’ 20” E, 280.5 feet; thence N 00 degrees
44’ 00” W, 1320 feet to the North line of said section and the place of beginning. 
 WASHTENAW COUNTY 

Certain land in Manchester Township, Washtenaw County, Michigan described as: 

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

  
 33 

 WAYNE COUNTY 
 Certain land in Livonia City, Wayne County, Michigan described as: 

Commencing at the Southeast corner of Section 6, T1S, R9E; thence North along the East line of Section 6 a
distance of 253 feet to the point of beginning; thence continuing North along the East line of Section 6 a distance of 50 feet; thence Westerly parallel to the South line of Section 6, a distance of 215 feet; thence Southerly parallel to
the East line of Section 6 a distance of 50 feet; thence easterly parallel with the South line of Section 6 a distance of 215 feet to the point of beginning. 
 WEXFORD COUNTY 
 Certain land in Selma Township, Wexford County, Michigan
described as: 
 A parcel of land in the NW 1/4 of Section 7, T22N, R10W, described as beginning on the
North line of said section at a point 200 feet East of the West line of said section, running thence East along said North section line 450 feet, thence South parallel with said West section line 350 feet, thence West parallel with said North
section line 450 feet, thence North parallel with said West section line 350 feet to the place of beginning. 
 SECTION 12. The
Company is a transmitting utility under Section 9501(2) of the Michigan Uniform Commercial Code (M.C.L. 440.9501(2)) as defined in M.C.L. 440.9102(1)(aaaa). 
 IN WITNESS WHEREOF, said Consumers Energy Company has caused this Supplemental Indenture to be executed in its corporate name by its Chairman of the Board, President, a Vice President or its Treasurer and
its corporate seal to be hereunto affixed and to be attested by its Secretary or an Assistant Secretary, and The Bank of New York Mellon, as Trustee as aforesaid, to evidence its acceptance hereof, has caused this Supplemental Indenture to be
executed in its corporate name by a Vice President and its corporate seal to be hereunto affixed and to be attested by a Vice President, in several counterparts, all as of the day and year first above written. 

  
 34 

									
		 		 	CONSUMERS ENERGY COMPANY
					
		 	 (SEAL)
	 		 	By:	 	/s/ Laura L. Mountcastle
		 		 		 	Name: Laura L. Mountcastle
		 	 Attest:
	 		 	Title:   Vice President and Treasurer

	
	
	/s/ Ashley L. Bancroft
	 Ashley L. Bancroft

Assistant Secretary

  

	
	 Signed, sealed and delivered

by CONSUMERS ENERGY COMPANY
 in the presence
of

	
	
	/s/ Kimberly C. Wilson
	Kimberly C. Wilson

	
	
	/s/ Denise J. Lehrke
	Denise J. Lehrke

  

					
	STATE OF MICHIGAN	 	)	 	
		 		 	ss.
	COUNTY OF JACKSON	 	)	 	

 The foregoing instrument was acknowledged before me this 13th day of June, 2012, by Laura L. Mountcastle, Vice President and
Treasurer of CONSUMERS ENERGY COMPANY, a Michigan corporation, on behalf of the corporation. 
  

							
				
		 		 		 	/s/ Margaret Hillman
	[SEAL]	 		 		 	 Margaret Hillman, Notary Public

State of Michigan, County of Jackson
 My
Commission Expires: June 14, 2016
 Acting in the County of Jackson

  
 S-1

							
		 		 	 THE BANK OF NEW YORK MELLON,
 AS TRUSTEE

				
	(SEAL)	 		 	By:	 	/s/ L. O’Brien
		 		 		 	L. O’Brien
	Attest:	 		 		 	Vice President

	
	
	/s/ Francine Kincaid
	Francine Kincaid

  

	
	 Signed, sealed and delivered
 by THE BANK OF NEW YORK MELLON
 in the presence of

	
	
	/s/ Denise Piazza
	Denise Piazza

	
	
	/s/ Lisha John
	Lisha John

  

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

 The foregoing instrument was acknowledged before me this 12th day of June 2012, by L. O’Brien, a
Vice President of THE BANK OF NEW YORK MELLON, a New York banking corporation, on behalf of the bank, as trustee. 

					
			
		 		 	/s/ Carolina Kolik (Romanyuk)
		 		 	 Carolina Kolik (Romanyuk)

Notary Public – State of New York

No. 01K06173055
 Qualified in Kings
County
 My Commission Expires 11/18/2015

			
	 Prepared by:
 Kimberly C.
Wilson
 One Energy Plaza
 Jackson, MI
49201
	 		 	 When recorded, return to:

Consumers Energy Company
 Business Services Real
Estate Dept.
 Attn: Sandy Geerling, EP7-428
 One Energy Plaza
 Jackson, MI 49201

  
 S-2

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