Document:

EX-10.1

EXHIBIT 10.1

EXECUTION COPY

Multi-Party Settlement Term Sheet

The Applicants seek Court Approval, as described herein, of the following terms of agreement among
the Applicants, Sun-Times Media Group, Inc. (“STMG”) and Davidson Kempner Capital Management LLC
and its affiliates listed in Schedule “A” hereto (collectively, “DK”).

A. STMG

	1.	 	Upon Court Approval, the Court shall authorize and direct Hollinger, 432, STMG and any other
necessary parties to forthwith take the steps necessary to convert Hollinger’s and 432’s
existing Class B shares into an equal number of Class A shares (the “Conversion”), subject to
and prior to the steps described in paragraphs 2 and 3 hereof.
	 
	2.	 	If STMG’s stockholders are required to approve (the “Stockholder Approval”) the issuance of
the Additional Shares (as defined below), then, upon Court Approval, the Court shall authorize
Hollinger, and Hollinger shall approve the issuance of the
Additional Shares, pursuant to a stockholder written consent (the “Consent”).
	 
	3.	 	If Stockholder Approval is required, as soon as possible after the Consent Effective Date (as
defined below), Hollinger and STMG shall effect the Conversion pursuant to the Restated
Certificate of Incorporation of STMG. The Consent shall be effective after all
actions required by the Securities Exchange Act of 1934, as amended (the “1934 Act”), have
been taken and the issuance of the Additional Shares is permitted by the 1934 Act (the
“Consent Effective Date”). If no Stockholder Approval is required, Hollinger and STMG
shall effect the Conversion pursuant to the Restated Certificate of Incorporation of STMG as
soon as possible after Court Approval.
	 
	4.	 	Forthwith after the later of (i) Court Approval and (ii), if Stockholder Approval is
required, the Consent Effective Date, STMG will issue to Hollinger (or as it may direct)
1,499,000 additional Class A shares (the “Additional Shares”). The number of
Additional Shares represents 10% of the number of Hollinger’s and 432’s existing Class B
shares.
	 
	5.	 	All transactions will comply with all applicable laws and regulations and rules of applicable
stock exchanges.
	 
	6.	 	Upon the later of (i) Court Approval and (ii) immediately after the next annual meeting
scheduled for June 17, 2008, the six directors appointed by Hollinger to the Board of STMG
(Wes Voorheis (“Voorheis”), William Aziz (“Aziz”), Edward Hannah, Peter Dey (“Dey”), Brent
Baird (“Baird”) and Albrecht Bellstedt (“Bellstedt”)) will submit their resignations from the
board of STMG. Upon submitting their resignations, each resigning director will receive:
(a) a written confirmation from STMG that any existing STMG indemnity will remain in place and
that such resigning director will be covered by the STMG directors and officers insurance
policy in effect from time to time on the same

 

 

	 	 	terms as may be applicable to any other current STMG directors; and (b) reimbursement by
STMG of all reasonable legal fees incurred by the independent directors (Dey, Baird and
Bellstedt) in respect of their tenure as directors of STMG. Upon payment of such fees by
STMG, Hollinger will reimburse STMG for all amounts paid in respect of such legal fees,
except for US$75,000.
	 
	7.	 	Upon Court Approval, Hollinger will pay to STMG the reasonable fees and costs, including
legal fees, of STMG incurred in connection with the CCAA proceedings of the Applicants, from
August 1, 2007 up to and including the date of Court Approval.
However, the total amounts payable to STMG by Hollinger under this paragraph shall be
subject to a cap of US$2 million in the aggregate.
	 
	8.	 	STMG and Hollinger will cooperate to maximize the recoverable portion of the class action
insurance settlement proceeds payable to them and such proceeds shall be allocated so that
STMG receives 85% of such proceeds, and Hollinger receives 15% of
such proceeds.
	 
	9.	 	Hollinger and STMG agree to divide their respective recoveries from the insolvency proceeding
of Ravelston equally as between them.
	 
	10.	 	The following claims of STMG shall be allowed as unsecured claims against the Applicants (the
“STMG Allowed Claims”) in the amounts indicated below, subject to confirmation of the
calculations of the quantum of such claims by the Monitor:

	 	(a)	 	a claim in respect of the promissory note executed by 4322525 Canada Inc.
(“432”) in the amount of US $40,545,974;
	 
	 	(b)	 	all claims for contribution and indemnity STMG has or may assert against
Hollinger in the amount of US$28,663,588; and
	 
	 	(c)	 	a claim for the aircraft lease settlement in the amount of CDN$1,281,941.

	11.	 	Other than the STMG Allowed Claims, all other claims of STMG and its subsidiaries against the
Applicants or any of their other subsidiaries, and all claims of the Applicants and their
subsidiaries against STMG and its subsidiaries, shall be released upon Court
Approval. The Applicants agree, in connection with their release of STMG, that they will
not seek contribution, indemnification, reimbursement or any other form of claims over from
Torys LLP or any of its predecessor or successor partnerships, F. David Radler or North
American Newspapers Ltd. for any consideration paid or payable by any of the Applicants to
STMG under this Term Sheet. For greater certainty, nothing contained in this paragraph
shall limit or otherwise compromise in any manner, the Applicants’ right to pursue or
continue to pursue those named parties for any claims whatsoever, save and except only in
respect of consideration paid or payable by the Applicants to STMG under this Term Sheet.
	 
	12.	 	The total recoveries of STMG under the STMG Allowed Claims shall be capped at a maximum of
US$15 million (the “STMG Cap”). After receipt of the STMG Cap, the

- 2 -

 

	 	 	balance of the STMG Allowed Claims will be assigned to the Applicants for the benefit of the
Applicants’ other general unsecured creditors.
	 
	13.	 	Upon STMG receiving distributions in the aggregate amount of US$7.5 million in respect of the
STMG Allowed Claims (after giving effect to any valid and effective
subordination regarding distributions under the 432 promissory note referred to in
paragraph 10(a) above, if any), fifty percent (50%) of all distributions thereafter payable
to STMG in respect of the STMG Allowed Claims shall be assigned to the Applicants.
	 
	14.	 	Prior to any agreement in respect of the terms contained herein, STMG will ensure that
nothing herein or in any plan of arrangement (the “Plan”) of the Applicants, if any, giving
effect to the terms hereof or in the implementation of any such Plan will:

	 	(a)	 	cause the Rights (as defined in the STMG rights plan) to become exercisable;
	 
	 	(b)	 	cause any Person (as defined in the STMG rights plan) to become an Acquiring
Person (as defined in the STMG rights plan); or
	 
	 	(c)	 	trigger the application of the STMG rights plan.

	15.	 	STMG will continue with its independent examination of all strategic alternatives available
to STMG.
	 
	16.	 	Subject to the terms of any existing court orders or agreements pursuant to which the
Applicants may be restricted, the Applicants will support the making of an order providing
STMG with equal rights in respect of the Applicants’ Mareva injunction against Conrad Black
and Barbara Amiel Black. STMG shall be permitted to reserve its right as to whether to seek
such an order.

B. DK

	17.	 	(a) Forthwith after Court Approval, the Class A shares of STMG resulting from the
Conversion (the “Exchanged Shares”), plus the Additional Shares, being 10% of the number of
Hollinger’s and 432’s existing Class B shares, when issued shall be voted by the indenture
trustees for the benefit of and at the direction of noteholders in the manner contemplated by
the indentures up to that number of shares that is equal to or less than 19,999% of the
aggregate number of STMG Class A shares then outstanding rounded down to the nearest whole
share. The indenture trustees, for the benefit of the noteholders, may thereupon exercise
all voting or other rights associated with the Exchanged Shares and the Additional Shares when
issued subject to the limitation referred to in the immediately preceding sentence and subject
to the rights and at the direction of the noteholders in the manner contemplated by the
indentures (provided that any shares of the Applicants shall not be voted other than in favour
of the election of the directors described in Schedule “C” hereto and other resolutions
proposed by STMG at the next annual meeting of shareholders scheduled to occur on or about
June 17, 2008 and thereafter without restriction) and may dispose of or otherwise realize upon
such shares in any commercially reasonable manner and subject to the applicable law and as
directed by the noteholders in a manner contemplated by the indentures (provided that

- 3 -

 

	 	 	any such disposition or realization shall not be considered part of any Plan for the
purposes of paragraph 14 hereof). The Applicants shall provide proxies and do such acts and
things as will facilitate such rights.
	 
		 	(b) The Conversion and the issuance of the Additional Shares shall be subject to a
registration rights agreement, to be negotiated among DK, the Applicants and STMG, all
acting reasonably (the “Registration Rights Agreement”) forthwith after Court Approval. In
all events, such Registration Rights Agreement shall include a provision with respect to
payment of fees connected with any such registration, and shall include a provision
permitting STMG to postpone the filing of a registration statement or its efforts to cause
such registration statement to become effective if at the time the right to delay is
exercised by STMG it shall determine in good faith that such offering would interfere with
any acquisition, financing or other transaction that STMG is actively pursuing and is
material to STMG or would involve initial or continuing disclosure obligations that would
not be in the best interests of STMG.
	 
	 	 	(c) Upon being paid in full, all principal, interest and costs and other amounts, payable
under the indentures), the indenture trustees will remit any remaining shares and any
surplus proceeds to Hollinger and 432.

	18.	 	(a) Subject only to a reasonable reserve for (i) administrative costs (including any
applicable legal fees, advisor fees and any other costs secured by the Administration Charge
and also including a reserve to pay the reasonable costs, fees and expenses in respect of DK’s
post-Court Approval role as described herein) and (ii) disputed claims, such reserves to be
determined by the CRO (as defined in the STMG Term Sheet) and the Monitor, both acting
reasonably (and subject to their right to seek directions from the Court), and in consultation
with DK and STMG, and subject to the segregated funds described below, all other cash and
realizable proceeds of the Applicants (including the 15% share of the insurance settlement
proceeds referred to herein) and the non-applicant subsidiaries of the Applicants (other than
STMG and its subsidiaries) shall be distributed as efficiently as reasonably possible to the
creditors who have proved claims in accordance with the claims process for each of the
Applicants. Distributions will be determined and made on a non-consolidated basis giving
effect to inter-company claims but including only 50% of a claim by 432 against Hollinger in
the amount of approximately CDN$342.5 million and subject to the following payments in the
priority specified below:

(i) firstly, to pay a transaction fee to DK in consideration of its agreement to
the terms hereof of CDNS1.5 million;

(ii) secondly, to pay the reasonable legal fees and disbursements of the
indenture trustees up to and including Court Approval; and

(iii) thirdly, to pay the reasonable legal fees and disbursements of DK up to and
including Court Approval;

- 4 -

 

provided that the total amount available to fund items (i) through (iii) hereof
shall not exceed CDN$4,500,000. The priority payments described herein will not
affect the timing or amount of the payment to STMG described in paragraph 7 herein.

(b) The Applicants will acknowledge claims owing by 432 and also by Hollinger to the
indenture trustees in the full amount of the principal, interest and costs owing under
the two debentures dated March 10, 2003 and September 30, 2004, the amount of which is
estimated to be US$103,235,062 as of December 31, 2007. These claims will continue to
accrue interest (unless and until the Applicants become bankrupt) in accordance with
the debentures at the contractual rate until paid in full. The claims will be reduced
only by distributions received by the indenture trustees from the estates of the
Applicants and by amounts actually received from or in respect of the Exchanged Shares
and the Additional Shares.

(c) The Monitor and the CRO, with periodic reports as requested (acting reasonably) and
at least monthly to DK and STMG, will work to resolve and determine all disputed claims
as efficiently as reasonably possible. The Monitor and the CRO will seek the input of
DK and STMG before allowing any claims against the Applicants (other than the claims of
STMG and the indenture trustees acknowledged herein). The Monitor and the CRO, in
consultation with DK and STMG, will provide estimates of the net recovery to creditors
based on the “waterfall” analysis of the Monitor and the information now known
regarding the claims of all creditors (including the claims of STMG allowed under the
STMG Term Sheet), such estimate to be updated after the claims bar dates for the
Applicants and for the non-applicant subsidiaries as described herein.

(d) STMG will acknowledge that its claim against 432 in respect of the 432 loan is
subordinated to and in favour of the claims of the indenture trustee for and in respect
of only the senior bonds against 432.

	19.	 	DK agrees to:

	 	(a)	 	withdraw its motion seeking the bankruptcies of the Applicants; and
	 
	 	(b)	 	support Court approval in the Applicants’ CCAA proceeding (“Court Approval”)
consisting of: (i) approval of this agreement and (ii) approval of the other relief
sought by the Applicants in their Notice of Motion dated April 10, 2008 to the extent
not inconsistent with the terms described herein.

C. General Conditions

	20.	 	A standard CCAA claims process shall be implemented immediately for all claims against the
Applicants, except claims against the Applicants by their subsidiaries (other than STMG and
its subsidiaries).

- 5 -

 

	21.	 	A subsequent claims process shall be implemented in respect of the non-Applicant
subsidiaries of the Applicants to ensure that all creditors of those subsidiaries are
identified prior to the asset consolidation herein contemplated.
	 
	22.	 	The Applicants, in consultation with the Monitor, shall prepare a plan to accumulate at
Hollinger, on a tax-effective basis, all assets of the non-Applicant subsidiaries of the
Applicants (other than STMG and its subsidiaries) after payment of all claims of creditors of
such subsidiaries.
	 
	23.	 	The Applicants agree to work with the Monitor, in consultation with DK and STMG (and subject
to the right of all parties to seek directions from the Court), to realize upon any assets of
the Applicants and the non-applicant subsidiaries (other than the cash, the Exchanged Shares,
the Additional Shares and the Litigation Assets described herein) with a view to distributing
net proceeds thereof as efficiently as reasonably possible and to provide the necessary
proxies. In particular, the Applicants will consider making such distributions pursuant to
periodic Court orders in the CCAA proceedings as opposed to incurring the costs associated
with formalizing and approving a Plan.
	 
	24.	 	The form and content of any Plan, if necessary or advisable to implement the terms hereof, as
it relates to STMG shall be satisfactory to STMG, acting reasonably and, as it relates to DK
and the indenture trustees, shall be satisfactory to DK, acting reasonably.
	 
	25.	 	All steps and transactions described herein that are to occur upon Court Approval are
intended to take place simultaneously, and the parties shall co-operate with each other to
coordinate the timing of the effectiveness of such steps and transactions.
	 
	26.	 	The information contained in Schedules “B” and “C” hereof is confidential and commercially
sensitive. The parties agree to seek an order sealing Schedule “B”, pending further order
of the Court, and Schedule “C”, until such time as the information contained therein is
disclosed by STMG, and agree that Schedules “B” and “C” will be redacted from any publicly
disclosed materials.

D. Corporate Governance

	27.	 	Aziz, or an entity controlled by him, shall be appointed forthwith by the Court Approval
order as the chief restructuring officer (the “CRO”) of the Applicants and an officer of the
Court in consideration of a monthly salary of $65,000, payable in advance, plus GST as
applicable and reimbursement of reasonable expenses. Such engagement shall be on a
month-to-month basis and may be terminated by Aziz upon 30 days’ prior written notice.
	 
	28.	 	The CRO shall be responsible, among other things, for developing and implementing the asset
consolidation and repatriation plan and assisting the Monitor with the claims process.
	 
	29.	 	The board of directors of Hollinger shall be reduced as soon as possible to a maximum of
three persons.

- 6 -

 

	30.	 	Upon Court Approval, Hollinger and Voorheis will agree to suspend payment of all monthly
work fees payable under Hollinger’s consulting agreement with Voorheis or any entity
controlled by him and Voorheis shall resign as an officer and director of the Applicants or
any subsidiary.
	 
	31.	 	In accordance with the engagement letter between Hollinger and BMO Nesbitt Burns Inc.
(“BMO”), dated June 15, 2007, payment of all monthly work fees payable to BMO ceased in
February 2008.

E. Litigation Assets

	32.	 	As part of the Court Approval order, justice John D. Ground shall be appointed as an officer
of the Court to perform the role of litigation trustee (the “Litigation Trustee”) of all
claims and causes of action in favour of the Applicants (the “Litigation Assets”) on such
terms as may be agreed between the Applicants and justice Ground and subject to approval by
the Court.
	 
	33.	 	The Litigation Trustee will supervise, control and administer all aspects of the Litigation
Assets of the Applicants, in consultation with the Applicants and subject to monitoring by the
Monitor and supervision by the Court.
	 
	34.	 	The Litigation Trustee may, if he considers it necessary or advisable, retain the services of
Voorheis or an entity controlled by him on an hourly basis to provide assistance or advice in
respect of the Litigation Assets.
	 
	35.	 	The Litigation Trustee will be responsible for administering the Litigation Assets
efficiently and in a cost-effective manner with a view to maximizing the net return, after
costs, from the Litigation Assets to the Applicants and their creditors and other stakeholders
and shall provide periodic reports to the Advisory Committee (as defined herein) and such
other reports as may be requested by any member of the Advisory Committee, acting reasonably.
	 
	36.	 	An advisory committee shall be established to provide advice and direction to the Litigation
Trustee (the “Advisory Committee”) comprised of one nominee of DK, one representative of the
Applicants (other than Wes Voorheis) and the Litigation Trustee. The Litigation Trustee shall
act in accordance with any majority decision of the Advisory Committee. For greater
certainty, in the event of any disagreement as between the representative of DK and the
representative of the Applicants, the Litigation Trustee shall have a deciding vote.
	 
	37.	 	The nominee of DK to the Advisory Committee shall not receive any remuneration for so acting
other than as specified below. The representative of the Applicants shall be a senior Canadian
litigation counsel and shall be paid at his or her usual hourly rate by the Applicants. At
the option of DK, its nominee may receive compensation on an equivalent basis to that of the
representative of the Applicants. All members of the Advisory Committee shall be indemnified
in respect of any claims made against them in such capacity excepting only claims arising from
their wilful misconduct or gross negligence.

- 7 -

 

	38.	 	The Litigation Trustee will supervise and administer the Litigation Assets on a day-to
day basis, including giving direction to counsel. The Litigation Trustee will seek such
direction from the Advisory Committee as he deems necessary or appropriate, but, in
particular, the Litigation Trustee will seek direction from the Advisory Committee with
respect to litigation strategy, financing (if any) for the Litigation Assets, whether to
accept or make any settlement offer and the use of proceeds of any settlement.
	 
	39.	 	The amount described in Schedule “B” hereto shall be segregated from the general cash assets
of the Applicants and used exclusively for the purpose of funding the administration
of the Litigation Assets. Payment of any amount payable to Mr. Wes Voorheis shall be made as
contemplated in Schedule “B”.
	 
	40.	 	The Litigation Trustee will be responsible for administering the Litigation Assets
efficiently and in a cost effective manner with a view to maximizing the net return, after
costs, from the Litigation Assets to the Applicants and their creditors and other
stakeholders.
	 
	41.	 	Representatives of DK and Hollinger will hold all information received by them as members of
the Advisory Committee in strict confidence pursuant to a form of confidentiality agreement
acceptable to Hollinger, the Litigation Trustee and such representatives, all acting
reasonably.
	 
	42.	 	DK or Hollinger may apply to Court at any time to seek such changes to the provisions of the
order appointing the Litigation Trustee as either of them may deem necessary or appropriate.

Subject to Court Approval being obtained to the terms hereof, pursuant to an Order in form and
content satisfactory to the parties, for consideration received, each of the undersigned agrees to
the above as evidenced by their respective signatures as of this 14th day of May, 2008. This
agreement may be signed in counterparts and delivered by electronic transmission.

HOLLINGER INC., SUGRA LIMITED and

4322525 CANADA INC.

	 	 	 	 	 
	Per:

	 	/s/ illegible
 

	 	 
	(I have authority to bind each of the corporations)	 	 

- 8 -

 

	 	 	 	 	 
	 
	 	 	 	 
	SUN TIMES MEDIA GROUP, INC.	 	 
	 
	 	 	 	 
	Per:

	 	/s/ illegible
 

	 	 
	 
	 	 	 	 
	Per:

	 	/s/ illegible
 

	 	 
	(I/We have authority to bind the corporation)	 	 
	 
	 	 	 	 
	DAVIDSON KEMPNER CAPITAL 

MANAGEMENT LLC on its own behalf and 

on behalf of the affiliates listed
in Schedule 

“A” hereto (collectively, “DK”)	 	 
	 
	 	 	 	 
	Per:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Per:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	(I/We have authority to bind the entities
collectively referred to as “DK”)	 	 

- 9 -

 

	 	 	 	 	 
	 
	 	 	 	 
	SUN TIMES MEDIA GROUP, INC.	 	 
	 
	 	 	 	 
	Per:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Per:
	 	 	 	 
	 

	 	 

	 	 
	(I/We have authority to bind the corporation)	 	 
	 
	 	 	 	 
	DAVIDSON KEMPNER CAPITAL 

MANAGEMENT LLC on its
own behalf and 
on behalf of the affiliates listed
in Schedule 

“A” hereto (collectively, “DK”)	 	 
	 
	 	 	 	 
	Per:
	 	/s/ illegible	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Per:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	(I/We have authority to bind the entities 

collectively referred to as “DK”)	 	 

- 9 -

 

Schedule “A”

MH Davidson Co.

Davidson Kempner International Limited

Davidson Kempner Institutional Partners

Davidson Kempner Partners

- 10 -exv4w253

Exhibit 4-253

INDENTURE

DATED AS OF MAY 1, 2008

 

THE DETROIT EDISON COMPANY

(2000 2nd Avenue, Detroit, Michigan 48226)

TO

J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION

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

AS TRUSTEE

 

SUPPLEMENTAL TO MORTGAGE AND DEED OF TRUST

DATED AS OF OCTOBER 1, 1924

PROVIDING FOR

(A) GENERAL AND REFUNDING MORTGAGE BONDS,

2008 SERIES ET

AND

(B) RECORDING AND FILING DATA

 

 

TABLE OF CONTENTS*

	 	 	 
	 	 	PAGE
	PARTIES
	 	3
	RECITALS
	 	3
	Original Indenture and Supplementals
	 	3
	Issue of Bonds Under Indenture
	 	3
	Bonds Heretofore Issued
	 	4
	Reason for Creation of New Series
	 	10
	Bonds to be 2008 Series ET
	 	10
	Further Assurance
	 	10
	Authorization of Supplemental Indenture
	 	11
	Consideration for Supplemental Indenture
	 	11
	PART I. CREATION OF THREE HUNDRED FIFTIETH SERIES OF BONDS, GENERAL AND
REFUNDING
 MORTGAGE BONDS, 2008 SERIES ET
	 	11
	Sec. 1. Terms of Bonds of 2008 Series ET
	 	11
	Sec. 2. Release
	 	14
	Sec. 3. Redemption of Bonds of 2008 Series ET
	 	14
	Sec. 4. Redemption of Bonds of 2008 Series ET in Event of Acceleration
of Notes or in Event of Redemption of Notes

Upon Acceleration of
Strategic Fund Bonds
	 	14
	Sec. 5. Form of Bonds of 2008 Series ET
	 	15
	Form of Trustee’s Certificate
	 	19
	PART II. RECORDING AND FILING DATA
	 	20
	Recording and Filing of Original Indenture
	 	20
	Recording and Filing of Supplemental Indentures
	 	20
	Recording and Filing of Supplemental Indenture Dated as of April 1, 2008
	 	25
	Recording of Certificates of Provision for Payment
	 	26
	PART III. THE TRUSTEE
	 	26
	Terms and Conditions of Acceptance of Trust by Trustee
	 	26
	PART IV. MISCELLANEOUS
	 	27
	Confirmation of Section 318(c) of Trust Indenture Act
	 	27
	Execution in Counterparts
	 	27
	EXECUTION
	 	27
	Testimonium
	 	27
	Execution by Company
	 	28
	Acknowledgment of Execution by Company
	 	29
	Execution by Trustee
	 	30
	Acknowledgment of Execution by Trustee
	 	31
	Affidavit as to Consideration and Good Faith
	 	32

 

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

2

 

	 	 	 
	PARTIES.

	 	SUPPLEMENTAL INDENTURE, dated as of the 1st day of May, in the year
2008, between THE DETROIT EDISON COMPANY, a corporation organized and
existing under the laws of the State of Michigan and a public utility
(hereinafter called the “Company”), party of the first part, and J.P.
Morgan Trust Company, National Association, a trust company organized
and existing under the laws of the United States, having a corporate
trust agency office at 719 Griswold Street, Suite 930, Detroit,
Michigan 48226, as successor Trustee under the Mortgage and Deed of
Trust hereinafter mentioned (hereinafter called the “Trustee”), party
of the second part.
	 
	 	 
	ORIGINAL INDENTURE AND
SUPPLEMENTALS.

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

	 	WHEREAS, the Indenture provides that said bonds shall be issuable in
one or more series, and makes provision that the rates of interest and
dates for the payment thereof, the date of maturity or dates of
maturity, if of serial maturity, the terms and rates of optional
redemption (if redeemable), the forms of registered bonds without
coupons of any series and any other provisions and

3

 

	 	 	 
	 

	 	agreements in
respect thereof, in the Indenture provided and permitted, as the Board
of Directors may determine, may be expressed in a supplemental
indenture to be made by the Company to the Trustee thereunder; and
	 
	 	 
	BONDS HERETOFORE ISSUED.

	 	WHEREAS, bonds in the principal amount of Twelve billion five hundred
twenty nine million eight hundred two thousand dollars
($12,529,802,000) have heretofore been issued under the Indenture as
follows, viz:

	 	 	 	 	 
	(1)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4

 

	 	 	 	 	 
	(32-45)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

5

 

	 	 	 	 	 
	(259)

	 	Bonds of 1987 Series D
	 	— Principal Amount $250,000,000,
	 
	 	 	 	 
	(260)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

6

 

	 	 	 	 	 
	(286)

	 	Bonds of 1991 Series EP
	 	— Principal Amount $41,480,000,
	 
	 	 	 	 
	(287)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

	 	Bonds of 2006 Series CT
	 	— Principal Amount $68,500,000;
	 
	 	 	 	 
	 	 	all of which have either been retired and cancelled, or no longer
represent obligations of the Company, having matured or having been
called for

7

 

	 	 	 
	 

	 	redemption and funds necessary to effect the payment,
redemption and retirement thereof having been deposited with the
Trustee as a special trust fund to be applied for such purpose;
	 
	 	 
	(316)

	 	Bonds of 1990 Series B in the principal amount of Two hundred fifty-six
million nine hundred thirty-two thousand dollars ($256,932,000) of
which One hundred eighty million eight hundred four thousand dollars
($180,804,000) principal amount have heretofore been retired and
Seventy-six million one hundred twenty-eight thousand dollars
($76,128,000) principal amount are outstanding at the date hereof;
	 
	 	 
	(317)

	 	Bonds of 1990 Series C in the principal amount of Eighty-five million
four hundred seventy-five thousand dollars ($85,475,000) of which
Sixty-four million nine hundred sixty-one thousand dollars
($64,961,000) principal amount have heretofore been retired and Twenty
million five hundred fourteen thousand dollars ($20,514,000) principal
amount are outstanding at the date hereof;
	 
	 	 
	(318)

	 	INTENTIONALLY RESERVED FOR 1990 SERIES E;
	 
	 	 
	(319)

	 	INTENTIONALLY RESERVED FOR 1990 SERIES F;
	 
	 	 
	(320)

	 	Bonds of 1991 Series AP in the principal amount of Thirty-two million
three hundred seventy-five thousand dollars ($32,375,000), all of which
are outstanding at the date hereof;
	 
	 	 
	(321)

	 	Bonds of 1991 Series BP in the principal amount of Twenty-five million
nine hundred ten thousand dollars ($25,910,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(322)

	 	Bonds of 1991 Series CP in the principal amount of Thirty-two million
eight hundred thousand dollars ($32,800,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(323)

	 	Bonds of 1991 Series DP in the principal amount of Thirty-seven million
six hundred thousand dollars ($37,600,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(324)

	 	Bonds of 1992 Series AP in the principal amount of Sixty-six million
dollars ($66,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(325)

	 	Bonds of 1993 Series AP in the principal amount of Sixty-five million
dollars ($65,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(326)

	 	Bonds of 1999 Series AP in the principal amount of One hundred eighteen
million three hundred sixty thousand dollars ($118,360,000), all of
which are outstanding at the date hereof;
	 
	 	 
	(327)

	 	Bonds of 1999 Series BP in the principal amount of Thirty-nine million
seven hundred forty-five thousand dollars ($39,745,000), all of which
are outstanding of the date hereof;
	 
	 	 
	(328)

	 	Bonds of 1999 Series CP in the principal amount of Sixty-six million
five

8

 

	 	 	 
	 

	 	hundred sixty-five thousand dollars ($66,565,000), all of which
are outstanding at the date hereof;
	 
	 	 
	(329)

	 	Bonds of 2000 Series B in the principal amount of Fifty million seven
hundred forty-five thousand dollars ($50,745,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(330)

	 	Bonds of 2001 Series AP in the principal amount of Thirty-one million
($31,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(331)

	 	Bonds of 2001 Series BP in the principal amount of Eighty-two million
three hundred fifty thousand ($82,350,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(332)

	 	Bonds of 2001 Series CP in the principal amount of One hundred
thirty-nine million eight hundred fifty-five thousand dollars
($139,855,000), all of which are outstanding at the date hereof;
	 
	 	 
	(333)

	 	Bonds of 2001 Series E in the principal amount of Five hundred million
dollars ($500,000,000), all of which are outstanding at the date
hereof;
	 
	 	 
	(334)

	 	Bonds of 2002 Series A in the principal amount of Two hundred
twenty-five million dollars ($225,000,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(335)

	 	Bonds of 2002 Series B in the principal amount of Two hundred
twenty-five million dollars ($225,000,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(336)

	 	Bonds of 2002 Series C in the principal amount of Sixty-four million
three hundred thousand dollars ($64,300,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(337)

	 	Bonds of 2002 Series D in the principal amount of Fifty-five million
nine hundred seventy-five thousand dollars ($55,975,000), all of which
are outstanding at the date hereof;
	 
	 	 
	(338)

	 	Bonds of 2003 Series A in the principal amount of Forty-nine million
dollars ($49,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(339)

	 	Bonds of 2004 Series A in the principal amount of Thirty-six million
dollars ($36,000,000), all of which are outstanding at the date hereof;
	 
	 	 
	(340)

	 	Bonds of 2004 Series B in the principal amount of Thirty-one million
nine hundred eighty thousand dollars ($31,980,000), all of which are
outstanding at the date hereof;
	 
	 	 
	(341)

	 	Bonds of 2004 Series D in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date
hereof;
	 
	 	 
	(342)

	 	Bonds of 2005 Series AR in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date
hereof;
	 
	 	 
	(343)

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

9

 

	 	 	 
	(344)

	 	Bonds of 2005 Series DT in the principal amount of One hundred nineteen
million one hundred seventy-five thousand dollars ($119,175,000), all
of which are outstanding at the date hereof;
	 
	 	 
	(345)

	 	Bonds of 2005 Series C in the principal amount of One hundred million
dollars ($100,000,000), all of which are outstanding at the date
hereof;
	 
	 	 
	(346)

	 	Bonds of 2005 Series E in the principal amount of Two hundred fifty
million dollars ($250,000,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(347)

	 	Bonds of 2006 Series A in the principal amount of Two hundred fifty
million dollars ($250,000,000), all of which are outstanding at the
date hereof;
	 
	 	 
	(348)

	 	Bonds of 2007 Series A in the principal amount of Fifty million dollars
($50,000,000), all of which are outstanding at the date hereof; and
	 
	 	 
	(349)

	 	Bonds of 2008 Series DT in the principal amount of Sixty-eight million
five hundred thousand dollars ($68,500,000), all of which are
outstanding at the date hereof;
	 
	 	 
	 

	 	accordingly, the Company has issued and has presently outstanding Three
billion five hundred nine million eight hundred seventy-seven thousand
dollars ($3,509,877,000) aggregate principal amount of its General and
Refunding Mortgage Bonds (the “Bonds”) at the date hereof.

	 	 	 
	REASON FOR CREATION OF NEW
SERIES.

	 	WHEREAS, the Company intends to issue a series of Notes under the Note
Indenture herein referred to, and, pursuant to the Note Indenture, in
order to secure its obligations under the Loan Agreement dated as of
May 1, 2008 between the Company and the Michigan Strategic Fund
relating to the Michigan Strategic Fund Variable Rate Limited
Obligation Refunding Revenue Bonds (The Detroit Edison Company Exempt
Facilities Project), Series 2008ET (the “Strategic Fund Bonds”) being
issued under the Trust Indenture dated as of May 1, 2008 (the
“Strategic Fund Indenture”) between the Michigan Strategic Fund and The
Bank of New York Trust Company, N.A., as trustee (the “Strategic Fund
Bond Trustee”), the Company has agreed to issue its General and
Refunding Mortgage Bonds under the Indenture in order further to secure
its obligations with respect to such Notes; and
	 
	 	 
	BONDS TO BE 2008 SERIES ET.

	 	WHEREAS, for such purpose the Company desires by this Supplemental
Indenture to create a new series of bonds, to be designated “General
and Refunding Mortgage Bonds, 2008 Series ET,” in the aggregate
principal amount of One hundred nineteen million one hundred
seventy-five thousand dollars ($119,175,000), to be authenticated and
delivered pursuant to Section 8 of Article III of the Indenture; and
	 
	 	 
	FURTHER ASSURANCE.

	 	WHEREAS, the Original Indenture, by its terms, includes in the property
subject to the lien thereof all of the estates and properties, real,
personal and mixed, rights, privileges and franchises of every nature
and kind and wheresoever situate, then or thereafter owned or possessed
by or belonging to the Company or to which it was then or at any time
thereafter might be entitled in law or in equity (saving and excepting,
however, the property therein specifically excepted or released from
the lien thereof), and the Company

10

 

	 	 	 
	 

	 	therein covenanted that it would,
upon reasonable request, execute and deliver such further instruments
as may be necessary or proper for the better assuring and confirming
unto the Trustee all or any part of the trust estate, whether then or
thereafter owned or acquired by the Company (saving and excepting,
however, property specifically excepted or released from the lien
thereof); and
	 
	 	 
	AUTHORIZATION OF SUPPLEMENTAL
INDENTURE.

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

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

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

PART I.

CREATION OF THREE HUNDRED FIFTIETH

SERIES OF BONDS,

GENERAL AND REFUNDING MORTGAGE BONDS,

2008 SERIES ET

	 	 	 
	TERMS OF BONDS OF
2008 SERIES ET.

	 	SECTION 1. The Company hereby creates the three hundred fiftieth series of bonds to
be issued under and secured by the Original Indenture as amended to date and as
further amended by this Supplemental Indenture, to be designated, and to be
distinguished from the bonds of all other series, by the title “General and
Refunding Mortgage Bonds, 2008 Series ET” (elsewhere herein referred to as the
“bonds of 2008 Series ET”). The aggregate principal amount of bonds of 2008 Series
ET shall be limited to One hundred nineteen million one hundred seventy-five
thousand dollars ($119,175,000), except as provided in Sections 7 and 13 of Article
II of the Original Indenture with respect to exchanges and replacements of bonds.
	 
	 	 
	 

	 	Subject to the release provisions set forth below, each bond of 2008 Series ET is to
be irrevocably assigned to, and registered in the name of, The Bank of New York
Trust Company, N.A., as trustee, or a successor trustee (said trustee or any
successor trustee being hereinafter referred to as the “Note Indenture Trustee”),
under the collateral trust indenture, dated as of June 30, 1993, as supplemented
(the “Note Indenture”), between the Note Indenture Trustee and the Company, to
secure payment of the Company’s 2008 Series ET Variable

11

 

	 	 	 
	 

	 	Rate Senior Notes due 2029
(for purposes of this Part I, the “Notes”).
	 
	 	 
	 

	 	The bonds of 2008 Series ET shall be issued as registered bonds without coupons in
denominations of a multiple of $1,000. The bonds of 2008 Series ET shall be issued
in the aggregate principal amount of $119,175,000, shall mature on August 1, 2029
(subject to earlier redemption or release) and shall bear interest at the rate of
interest established for the Strategic Fund Bonds from time to time in accordance
with the Strategic Fund Indenture, payable on such dates as interest shall be
payable on the Strategic Fund Bonds, until the principal thereof shall have become
due and payable and thereafter until the Company’s obligation with respect to the
payment of said principal shall have been discharged as provided in the Indenture.
	 
	 	 
	 

	 	The bonds of 2008 Series ET shall be payable as to principal, premium, if any, and
interest as provided in the Indenture, but only to the extent and in the manner
herein provided. The bonds of 2008 Series ET shall be payable, as to principal,
premium, if any, and interest, at the office or agency of the Company in the Borough
of Manhattan, the City and State of New York, in any coin or currency of the United
States of America which at the time of payment is legal tender for public and
private debts.
	 
	 	 
	 

	 	Except as provided herein, each bond of 2008 Series ET shall be dated the date of
its authentication and interest shall be payable on the principal represented
thereby from the next preceding date to which interest has been paid on bonds of
2008 Series ET, unless the bond is authenticated on a date to which interest has
been paid, in which case interest shall be payable from the date of authentication,
or unless the date of authentication is prior to the first date on which interest is
payable on the Strategic Fund Bonds, in which case interest shall be payable from
May 29, 2008.
	 
	 	 
	 

	 	The bonds of 2008 Series ET in definitive form shall be, at the election of the
Company, fully engraved or shall be lithographed or printed in authorized
denominations as aforesaid and numbered R-1 and upwards (with such further
designation as may be appropriate and desirable to indicate by such designation the
form, series and denomination of bonds of 2008 Series ET). Until bonds of 2008
Series ET in definitive form are ready for delivery, the Company may execute, and
upon its request in writing the Trustee shall authenticate and deliver in lieu
thereof, bonds of 2008 Series ET in temporary form, as provided in Section 10 of
Article II of the Indenture. Temporary bonds of 2008 Series ET, if any, may be
printed and may be issued in authorized denominations in substantially the form of
definitive bonds of 2008 Series ET, but without a recital of redemption prices and
with such omissions, insertions and variations as may be appropriate for temporary
bonds, all as may be determined by the Company.
	 
	 	 
	 

	 	Interest on any bond of 2008 Series ET that is payable on any interest payment date
and is punctually paid or duly provided for shall be paid to the person in whose
name that bond, or any previous bond to the extent evidencing the same debt as that
evidenced by that bond, is registered at the close of business on the regular record
date for such interest, which regular record date shall be the record date for the
Strategic Fund Bonds with respect to such interest payment date. If the Company
shall default in the payment of the interest due on any interest payment date on the
principal represented by any bond of 2008 Series

12

 

	 	 	 
	 

	 	ET, such defaulted interest shall
forthwith cease to be payable to the registered holder of that bond on the relevant
regular record date by virtue of his having been such holder, and such defaulted
interest may be paid to the registered holder of that bond (or any bond or bonds of
2008 Series ET issued upon transfer or exchange thereof) on the date of payment of
such defaulted interest or, at the election of the Company, to the person in whose
name that bond (or any bond or bonds of 2008 Series ET issued upon transfer or
exchange thereof) is registered on a subsequent record date established by notice
given by mail by or on behalf of the Company to the holders of bonds of 2008 Series
ET not less than ten (10) days preceding such subsequent record date, which
subsequent record date shall be at least five (5) days prior to the payment date of
such defaulted interest.
	 
	 	 
	 

	 	Bonds of 2008 Series ET shall not be assignable or transferable except as may be set
forth under Section 405 of the Note Indenture or in the supplemental note indenture
relating to the Notes, or, subject to compliance with applicable law, as may be
involved in the course of the exercise of rights and remedies consequent upon an
Event of Default under the Note Indenture. Any such transfer shall be made upon
surrender thereof for cancellation at the office or agency of the Company in the
Borough of Manhattan, the City and State of New York, together with a written
instrument of transfer (if so required by the Company or by the Trustee) in form
approved by the Company duly executed by the holder or by its duly authorized
attorney. Bonds of 2008 Series ET shall in the same manner be exchangeable for a
like aggregate principal amount of bonds of 2008 Series ET upon the terms and
conditions specified herein and in Section 7 of Article II of the Indenture. The
Company waives its rights under Section 7 of Article II of the Indenture not to make
exchanges or transfers of bonds of 2008 Series ET during any period of ten (10) days
next preceding any redemption date for such bonds.
	 
	 	 
	 

	 	Bonds of 2008 Series ET, in definitive and temporary form, may bear such legends as
may be necessary to comply with any law or with any rules or regulations made
pursuant thereto or as may be specified in the Note Indenture.
	 
	 	 
	 

	 	Upon payment of the principal or premium, if any, or interest on the Notes, whether
at maturity or prior to maturity by redemption or otherwise, or upon provision for
the payment thereof having been made in accordance with Article V of the Note
Indenture, bonds of 2008 Series ET in a principal amount equal to the principal
amount of such Notes, shall, to the extent of such payment of principal, premium or
interest, be deemed fully paid and the obligation of the Company thereunder to make
such payment shall forthwith cease and be discharged, and, in the case of the
payment of principal and premium, if any, such bonds shall be surrendered for
cancellation or presented for appropriate notation to the Trustee.
	 
	 	 
	 

	 	In the event the Company desires to provide for the payment of bonds of 2008 Series
ET, in lieu of defeasing such bonds in accordance with the Indenture, it shall
either redeem an equal principal amount of Strategic Fund Bonds or take such action
as shall be required by Article VIII of the Strategic Fund Indenture to defease an
equal principal amount of the Strategic Fund Bonds. Pursuant to Section 2.03(c) of
the Twenty-Fourth Supplemental Indenture to the Note Indenture dated May 1, 2008,
such redemption or defeasance shall result in the

13

 

	 	 	 
	 

	 	discharge of the Company’s
obligation with respect to such Notes and the cancellation thereof which, in
accordance with the preceding paragraph, shall result in the discharge of the
Company’s obligation with respect to the applicable bonds of 2008 Series ET and
cancellation thereof.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2008 Series
ET, whether at maturity or prior to maturity by redemption or upon acceleration or
otherwise, in a circumstance where there has not been a corresponding payment of
principal of Strategic Fund Bonds shall be applied simultaneously to the redemption
or defeasance of an equal principal amount of Strategic Fund Bonds in accordance
with the Strategic Fund Indenture. In the event the amount so paid is insufficient
to provide for such redemption or defeasance, the Company shall pay such additional
amount as shall be necessary to make up for the deficiency.
	 
	 	 
	RELEASE.

	 	SECTION 2. From and after the Release Date (as defined in the Note Indenture), the
bonds of 2008 Series ET shall be deemed fully paid, satisfied and discharged and the
obligation of the Company thereunder shall be terminated. On the Release Date, the
bonds of 2008 Series ET shall be surrendered to and canceled by the Trustee. The
Company covenants and agrees that, prior to the Release Date, it will not take any
action that would cause the outstanding principal amount of the bonds of 2008 Series
ET to be less than the then-outstanding principal amount of the Notes.
	 
	 	 
	REDEMPTION OF BONDS 

OF 2008
SERIES ET.

	 	SECTION 3. Bonds of 2008 Series ET shall be redeemed on the respective dates and in
the respective principal amounts which correspond to the redemption dates for, and
the principal amounts to be redeemed of, the Notes.
	 
	 	 
	 

	 	In the event the Company elects to redeem any Notes prior to maturity in accordance
with the provisions of the Note Indenture, the Company shall give the Trustee notice
of redemption of bonds of 2008 Series ET on the same date as it gives notice of
redemption of Notes to the Note Indenture Trustee.
	 
	 	 
	REDEMPTION OF 
BONDS
OF
2008 SERIES 
ET
IN EVENT OF 

ACCELERATION OF 

NOTES OR IN EVENT
OF 
REDEMPTION OF
NOTES 
UPON
ACCELERATION 
OF
STRATEGIC FUND 

BONDS.

	 	SECTION 4. In the event of an Event of Default under the Note Indenture and the
acceleration of all Notes, the bonds of 2008 Series ET shall be redeemable in whole
upon receipt by the Trustee of a written demand (hereinafter called a “Redemption
Demand”) from the Note Indenture Trustee stating that there has occurred under the
Note Indenture both an Event of Default and a declaration of acceleration of payment
of principal, accrued interest and premium, if any, on the Notes, specifying the
last date to which interest on the Notes has been paid (such date being hereinafter
referred to as the “Initial Interest Accrual Date”) and demanding redemption of the
bonds of said series. In addition, in the event of a required redemption of the
Notes upon demand of the Bond Trustee prior to the Release Date upon a declaration
of acceleration of the payment of the Strategic Fund Bonds, the bonds of 2008 Series
ET shall be redeemable in whole upon receipt by the Trustee of a Redemption Demand
from the Note Indenture Trustee stating that such redemption of the Notes is
required, stating that the redemption price was not paid when due and demanding
redemption of the bonds of 2008 Series ET. The Trustee shall, within five (5) days
after receiving such Redemption Demand, mail a copy thereof to the Company marked to
indicate the date of its receipt by the Trustee. Promptly upon receipt by the
Company of such copy of a Redemption Demand, the Company shall fix a date on which
it will redeem the

14

 

	 	 	 
	 

	 	bonds of said series so demanded to be redeemed (hereinafter
called the “Demand Redemption Date”). Notice of the date fixed as the Demand
Redemption Date shall be mailed by the Company to the Trustee at least ten (10) days
prior to such Demand Redemption Date. The date to be fixed by the Company as and
for the Demand Redemption Date may be any date up to and including the earlier of
(x) the 60th day after receipt by the Trustee of the Redemption Demand or (y) the
maturity date of such bonds first occurring following the 20th day after the receipt
by the Trustee of the Redemption Demand; provided, however, that if the Trustee
shall not have received such notice fixing the Demand Redemption Date on or before
the 10th day preceding the earlier of such dates, the Demand Redemption Date shall
be deemed to be the earlier of such dates. The Trustee shall mail notice of the
Demand Redemption Date (such notice being hereinafter called the “Demand Redemption
Notice”) to the Note Indenture Trustee not more than ten (10) nor less than five (5)
days prior to the Demand Redemption Date.
	 
	 	 
	 

	 	Each bond of 2008 Series ET shall be redeemed by the Company on the Demand
Redemption Date therefor upon surrender thereof by the Note Indenture Trustee to the
Trustee at a redemption price equal to the principal amount thereof plus accrued
interest thereon at the rate specified for such bond from the Initial Interest
Accrual Date to the Demand Redemption Date plus an amount equal to the aggregate
premium, if any, due and payable on such Demand Redemption Date on all Notes;
provided, however, that in the event of a receipt by the Trustee of a notice that,
pursuant to Section 602 of the Note Indenture, the Note Indenture Trustee has
terminated proceedings to enforce any right under the Note Indenture, then any
Redemption Demand shall thereby be rescinded by the Note Indenture Trustee, and no
Demand Redemption Notice shall be given, or, if already given, shall be
automatically annulled; but no such rescission or annulment shall extend to or
affect any subsequent default or impair any right consequent thereon.
	 
	 	 
	 

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

2008 SERIES ET.

	 	SECTION 5. The bonds of 2008 Series ET and the form of Trustee’s Certificate to be
endorsed on such bonds shall be substantially in the following forms, respectively:
	 
	 

	 	THE DETROIT EDISON COMPANY
	 

	 	GENERAL AND REFUNDING MORTGAGE BOND
	 

	 	2008 SERIES ET
	 
	 	 
	 

	 	Notwithstanding any provisions hereof or in the Indenture, this bond is not
assignable or transferable except as may be required to effect a transfer to any
successor trustee under the Collateral Trust Indenture, dated as of June 30, 1993,
as amended, and as further supplemented as of May 1, 2008, between The Detroit
Edison Company and The Bank of New York Trust Company, N.A., as Note Indenture
Trustee, or, subject to compliance with applicable law, as may be involved in the
course of the exercise of rights and remedies consequent upon an Event of Default
under said Indenture.

15

 

	  	        	 	 	 
	 

	 	$                    
	 	No. R-___

	 	 	 
	 

	 	THE DETROIT EDISON COMPANY (hereinafter called the “Company”), a corporation of the
State of Michigan, for value received, hereby promises to pay to The Bank of New
York Trust Company, N.A., as Note Indenture Trustee, or registered assigns, at the
Company’s office or agency in the Borough of Manhattan, the City and State of New
York, the principal sum of                                          Dollars ($                    ) in lawful
money of the United States of America on August 1, 2029 (subject to earlier
redemption or release) and interest thereon at the rate of interest established for
the Strategic Fund Bonds from time to time in accordance with the Strategic Fund
Indenture, in like lawful money, from May ___, 2008, and after the first payment of
interest on bonds of this Series has been made or otherwise provided for, from the
most recent date to which interest has been paid or otherwise provided for, on such
dates as interest shall be payable on the Strategic Fund Bonds, until the Company’s
obligation with respect to payment of said principal shall have been discharged, all
as provided, to the extent and in the manner specified in the Indenture hereinafter
mentioned and in the supplemental indenture pursuant to which this bond has been
issued.
	 
	 	 
	 

	 	Under a Collateral Trust Indenture, dated as of June 30, 1993, as amended and as
further supplemented as of May 1, 2008 (hereinafter called the “Note Indenture”),
between the Company and The Bank of New York Trust Company, N.A., as successor
trustee (hereinafter called the “Note Indenture Trustee”), the Company has issued
its 2008 Series ET Variable Rate Senior Notes due 2029 (the “Notes”). This bond was
originally issued to the Note Indenture Trustee so as to secure the payment of the
Notes. Payments of principal of, or premium, if any, or interest on, the Notes
shall constitute like payments on this bond as further provided herein and in the
supplemental indenture pursuant to which this bond has been issued.

	 
	 	 
	 

	 	
The Notes were issued to secure the Company’s obligations under the Loan Agreement
dated as of May 1, 2008 between the Company and the Michigan Strategic Fund relating
to the Michigan Strategic Fund Variable Rate Limited Obligation Refunding Revenue
Bonds (The Detroit Edison Company Exempt Facilities Project), Series 2008ET (the
“Strategic Fund Bonds”) being issued under the Trust Indenture dated as of May 1,
2008 (the “Strategic Fund Indenture”) between the Michigan Strategic Fund and The
Bank of New York Trust Company, N.A., as trustee (the “Strategic Fund Bond
Trustee”).
	 
	 	 
	 

	 	This bond is one of an authorized issue of bonds of the Company, unlimited as to
amount except as provided in the Indenture hereinafter mentioned or any indentures
supplemental thereto, and is one of a series of General and Refunding Mortgage Bonds
known as 2008 Series ET, limited to an aggregate principal amount of $119,175,000,
except as otherwise provided in the Indenture hereinafter mentioned. This bond and
all other bonds of said series are issued and to be issued under, and are all
equally and ratably secured (except insofar as any sinking, amortization,
improvement or analogous fund, established in accordance with the provisions of the
Indenture hereinafter mentioned, may afford additional security for the bonds of any
particular series and except as provided in Section 3 of Article VI of said
Indenture) by an Indenture, dated as of October 1, 1924, duly executed by the
Company to J.P.

16

 

	 	 	 
	 

	 	Morgan Trust Company, National Association, as successor Trustee, to
which Indenture and all indentures supplemental thereto (including the Supplemental
Indenture dated as of May 1, 2008) reference is hereby made for a description of the
properties and franchises mortgaged and conveyed, the nature and extent of the
security, the terms and conditions upon which the bonds are issued and under which
additional bonds may be issued, and the rights of the holders of the bonds and of
the Trustee in respect of such security (which Indenture and all indentures
supplemental thereto, including the Supplemental Indenture dated as of May 1, 2008,
are hereinafter collectively called the “Indenture”). As provided in the Indenture,
said bonds may be for various principal sums and are issuable in series, which may
mature at different times, may bear interest at different rates and may otherwise
vary as in said Indenture provided. With the consent of the Company and to the
extent permitted by and as provided in the Indenture, the rights and obligations of
the Company and of the holders of the bonds and the terms and provisions of the
Indenture, or of any indenture supplemental thereto, may be modified or altered in
certain respects by affirmative vote of at least eighty-five percent (85%) in amount
of the bonds then outstanding, and, if the rights of one or more, but less than all,
series of bonds then outstanding are to be affected by the action proposed to be
taken, then also by affirmative vote of at least eighty-five percent (85%) in amount
of the series of bonds so to be affected (excluding in every instance bonds
disqualified from voting by reason of the Company’s interest therein as specified in
the Indenture); provided, however, that, without the consent of the holder hereof,
no such modification or alteration shall, among other things, affect the terms of
payment of the principal of or the interest on this bond, which in those respects is
unconditional.
	 
	 	 
	 

	 	This bond is redeemable prior to the Release Date upon the terms and conditions set
forth in the Indenture, including provision for redemption upon demand of the Note
Indenture Trustee following the occurrence of an Event of Default under the Note
Indenture and the acceleration of the principal of the Notes and including provision
for redemption upon demand of the Note Indenture Trustee in the event of a required
redemption of the Notes following a declaration of acceleration of the Strategic
Fund Bonds, such demand stating that such redemption of the Notes is required,
stating that the redemption price thereof was not paid when due and demanding
redemption of this bond.
	 
	 	 
	 

	 	Under the Indenture, funds may be deposited with the Trustee (which shall have
become available for payment), in advance of the redemption date of any of the bonds
of 2008 Series ET (or portions thereof), in trust for the redemption of such bonds
(or portions thereof) and the interest due or to become due thereon, and thereupon
all obligations of the Company in respect of such bonds (or portions thereof) so to
be redeemed and such interest shall cease and be discharged, and the holders thereof
shall thereafter be restricted exclusively to such funds for any and all claims of
whatsoever nature on their part under the Indenture or with respect to such bonds
(or portions thereof) and interest. In the event the Company desires to provide for
the payment of bonds of 2008 Series ET, in lieu of defeasing such bonds in
accordance with the Indenture, the Company shall either redeem an equal principal
amount of Strategic Fund Bonds or take such action as shall be required by the
Strategic Fund Indenture to defease an equal principal amount of Strategic Fund
Bonds.
	 
	 	 
	 

	 	In case an event of default, as defined in the Indenture, shall occur, the

17

 

	 	 	 
	 

	 	principal
of all the bonds issued thereunder may become or be declared due and payable, in the
manner, with the effect and subject to the conditions provided in the Indenture.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2008 Series
ET, whether at maturity or prior to maturity by redemption or otherwise, in a
circumstance where there has not been a corresponding payment of principal of
Strategic Fund Bonds shall be applied simultaneously to the redemption or defeasance
of an equal principal amount of Strategic Fund Bonds in accordance with the
Strategic Fund Indenture.
	 
	 	 
	 

	 	Upon payment of the principal of, or premium, if any, or interest on, the Notes,
whether at maturity or prior to maturity by redemption or otherwise or upon
provision for the payment thereof having been made in accordance with Article V of
the Note Indenture, bonds of 2008 Series ET in a principal amount equal to the
principal amount of such Notes, and having both a corresponding maturity date and
interest rate shall, to the extent of such payment of principal, premium or
interest, be deemed fully paid and the obligation of the Company thereunder to make
such payment shall forthwith cease and be discharged, and, in the case of the
payment of principal and premium, if any, such bonds of said series shall be
surrendered for cancellation or presented for appropriate notation to the Trustee.
	 
	 	 
	 

	 	This bond is not assignable or transferable except as set forth under Section 405 of
the Note Indenture or in the supplemental indenture relating to the Notes, or,
subject to compliance with applicable law, as may be involved in the course of the
exercise of rights and remedies consequent upon an Event of Default under the Note
Indenture. Any such transfer shall be made by the registered holder hereof, in
person or by his attorney duly authorized in writing, on the books of the Company
kept at its office or agency in the Borough of Manhattan, the City and State of New
York, upon surrender and cancellation of this bond, and thereupon, a new registered
bond of the same series of authorized denominations for a like aggregate principal
amount will be issued to the transferee in exchange therefor, and this bond with
others in like form may in like manner be exchanged for one or more new bonds of the
same series of other authorized denominations, but of the same aggregate principal
amount, all as provided and upon the terms and conditions set forth in the
Indenture, and upon payment, in any event, of the charges prescribed in the
Indenture.
	 
	 	 
	 

	 	From and after the Release Date (as defined in the Note Indenture), the bonds of
2008 Series ET shall be deemed fully paid, satisfied and discharged and the
obligation of the Company thereunder shall be terminated. On the Release Date, the
bonds of 2008 Series ET shall be surrendered to and cancelled by the Trustee. The
Company covenants and agrees that, prior to the Release Date, it will not take any
action that would cause the outstanding principal amount of the bonds of 2008 Series
ET to be less than the then-outstanding principal amount of the Notes.
	 
	 	 
	 

	 	No recourse shall be had for the payment of the principal of or the interest on this
bond, or for any claim based hereon or otherwise in respect hereof or of the
Indenture, or of any indenture supplemental thereto, against any incorporator, or
against any past, present or future stockholder, director or

18

 

	 	 	 
	 

	 	officer, as such, of
the Company, or of any predecessor or successor corporation, either directly or
through the Company or any such predecessor or successor corporation, whether for
amounts unpaid on stock subscriptions or by virtue of any constitution, statute or
rule of law, or by the enforcement of any assessment or penalty or otherwise
howsoever; all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released by every holder or
owner hereof, as more fully provided in the Indenture.
	 
	 	 
	 

	 	This bond shall not be valid or become obligatory for any purpose until J.P. Morgan
Trust Company, National Association, the Trustee under the Indenture, or its
successor thereunder, shall have signed the form of certificate endorsed hereon.
	 
	 	 
	 

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

	 	Dated:                     
	 
	 	 

	 	 	 	 	 
	 	 	THE DETROIT EDISON COMPANY
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 

	 

	 	Name:	 	 
	 

	 	Title:	 	 

	 	 	 	 	 	 	 
	 	 	[Corporate Seal]	 	 
	 
	 	 	 	 	 	 
	 	 	Attest:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 
	 	 	 
	 

	 	Title:	 	 	 	 

	 	 	 
	 

	 	[FORM OF TRUSTEE’S CERTIFICATE]
	 
	 	 
	FORM OF TRUSTEE’S
CERTIFICATE.

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

					
	 
	 	 	J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 

	 

	 	 	 	Authorized Representative                             

PART II. 

19

 

	 	 	 
	RECORDING AND FILING DATA
	 
	 	 
	RECORDING AND FILING OF ORIGINAL
INDENTURE.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

	 	Series N Bonds and Subject
Properties
	 	May 15, 1955

20

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	 
	May 15, 1955(a)(c)

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

	 	Series P Bonds, Additional
Provisions and Subject Properties
	 	June 1, 1959
	June 1, 1959(a)(c)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

21

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	 
	June 15, 1977

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

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

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

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

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

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

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

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

	 	Series UU Bonds
	 	January 1, 1980
	January 1, 1980

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

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

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

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

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

	 	Article XIV Reconfirmation
	 	August 15, 1982
	August 15, 1982

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

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

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

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

	 	1985 Series B Bonds and Subject
Properties
	 	October 15, 1985

22

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	 
	October 15, 1985

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

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

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

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

	 	1987 Series A Bonds
	 	April 1, 1987
	April 1, 1987

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

23

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	 
	April 26, 1993

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

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

	 	1993 Series AP Bonds
	 	(d)

	June 30, 1993

	 	1993 Series H Bonds
	 	(d)

	September 15, 1993

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

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

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

	 	1994 Series C Bonds
	 	December 1, 1994
	December 1, 1994

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

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

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

	August 15, 1999

	 	1999 Series D Bonds
	 	(d)

	January 1, 2000

	 	2000 Series A Bonds
	 	(d)

	April 15, 2000

	 	Appointment of Successor Trustee
	 	(d)

	August 1, 2000

	 	2000 Series BP Bonds
	 	(d)

	March 15, 2001

	 	2001 Series AP Bonds
	 	(d)

	May 1, 2001

	 	2001 Series BP Bonds
	 	(d)

	August 15, 2001

	 	2001 Series CP Bonds
	 	(d)

	September 15, 2001

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

	September 17, 2002

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

	October 15, 2002

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

	December 1, 2002

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

	August 1, 2003

	 	2003 Series A Bonds
	 	(d)

	March 15, 2004

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

	July 1, 2004

	 	2004 Series D Bonds
	 	(d)

	February 1, 2005

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

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

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

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

	 	2005 Series E Bonds
	 	May 15, 2006

24

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	 
	May 15, 2006

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

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

	 	2007 Series A Bonds
	 	April 1, 2008

 

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

	 	 	 
	RECORDING AND FILING OF SUPPLEMENTAL
INDENTURE DATED AS OF APRIL 1, 2008.

	 	Further, pursuant to the terms and
provisions of the Original
Indenture, a Supplemental Indenture
dated as of April 1, 2008 providing
for the terms of bonds to be issued
thereunder of 2008 Series DT has
heretofore been entered into between
the Company and the Trustee and has
been filed in the Office of the
Secretary of State of Michigan as a
financing statement on April 11,
2008 (Filing No. 2008056455-70), has
been filed and recorded in the
Office of the Surface Transportation
Board on April 11, 2008 (Recordation
No. 5485-QQQQQ), and has been
recorded as a real estate mortgage
in the offices of the respective
Register of Deeds of certain
counties in the State of Michigan,
as follows:

	 	 	 	 	 	 	 
	 	 	 	 	Liber/	 	 
	County	 	Recorded	 	Instrument no.	 	Page
	 
	Genesee
	 	05/08/08	 	200805080038287	 	N/A
	Huron
	 	4/11/08	 	1239	 	527
	Ingham
	 	4/11/08	 	3303	 	338
	Lapeer
	 	4/14/08	 	2324	 	612
	Lenawee
	 	4/11/08	 	2362	 	698
	Livingston
	 	4/11/08	 	2008R012694	 	N/A
	Macomb
	 	4/15/08	 	19286	 	914
	Mason
	 	4/11/08	 	2008R02192	 	N/A
	Monroe
	 	4/11/08	 	2008R07646	 	N/A
	Oakland
	 	4/11/08	 	40203	 	427
	St. Clair
	 	4/11/08	 	3833	 	889
	Sanilac
	 	4/14/08	 	1030	 	493
	Tuscola
	 	5/07/08	 	200800907908	 	N/A
	 
	 	 	 	or 1148	 	1067
	Washtenaw
	 	4/11/08	 	4676	 	901
	Wayne
	 	4/14/08	 	47153	 	1361

25

 

	 	 	 
	RECORDING OF CERTIFICATES OF
PROVISION FOR PAYMENT.

	 	All the bonds of Series A which were
issued under the Original Indenture
dated as of October 1, 1924, and of
Series B, Series C, Series D,
Series E, Series F, Series G,
Series H, Series I, Series J,
Series K, Series L, Series M,
Series N, Series O, Series P,
Series Q, Series R, Series S,
Series T, Series U, Series V,
Series W, Series X, Series Y,
Series Z, Series AA, Series BB,
Series CC, Series DDP Nos. 1-9,
Series EE, Series FFR Nos. 1-13,
Series GGP Nos. 1-7, Series HH,
Series MMP, Series  IP Nos. 1-7,
Series JJP Nos. 1-7, Series KKP
Nos. 1-7, Series LLP Nos. 1-7,
Series FFR No. 14, Series NNP
Nos. 1-7, Series GGP Nos. 8-22,
Series OOP Nos. 1-17, Series PP,
Series QQP Nos. 1-9, Series RR,
Series SS, Series IIP Nos. 8-22,
Series NNP Nos. 8-21, Series TTP
Nos. 1-15, Series JJP No. 8,
Series KKP No. 8, Series LLP
Nos. 8-15, Series MMP No. 2,
Series OOP No. 18, Series UU, 1980
Series A, 1980 Series B, Series QQP
Nos. 10-19, 1980 Series CP
Nos. 1-12, 1980 Series DP Nos. 1-11,
1980 Series CP Nos. 13-25, 1981
Series AP Nos. 1-12, 1981 Series AP
Nos. 13-14, 1981 Series AP
Nos. 15-16, 1984 Series AP, 1984
Series BP, 1985 Series A, 1985
Series B, Series KKP No. 9, 1986
Series A, 1986 Series B, 1986
Series C, 1987 Series A, 1987
Series B, 1987 Series C, 1987
Series D, 1987 Series E, 1987
Series F, 1989 Series A, Series KKP
No. 10, Series KKP No. 11, 1989
Series BP, 1990 Series A, 1990
Series D, 1991 Series EP, 1991
Series FP, 1992 Series BP, Series
KKP No. 13, 1992 Series CP, 1992
Series D, Series KKP No. 14, 1989
Series BP No. 2, 1993 Series B, 1993
Series C, 1993, 1993 Series H, 1993
Series E, 1993 Series D, 1993
Series FP, 1993 Series IP, 1993
Series G, 1993 Series J, 1993
Series K, 1994 Series
 AP, 1994
Series BP, 1994 Series C, Series
KKP No. 15, 1994 Series DP, 1995
Series AP, 1995 Series BP, 1999
Series D, 2000 Series A, 2001
Series D, 2005 Series A, and 2005
Series B, which were issued under
Supplemental Indentures as described
in the Recording and Filing of
Supplemental Indentures section
above, have matured or have been
called for redemption and funds
sufficient for such payment or
redemption have been irrevocably
deposited with the Trustee for that
purpose; and Certificates of
Provision for Payment have been
recorded in the offices of the
respective Registers of Deeds of
certain counties in the State of
Michigan, with respect to all bonds
of Series A, B, C, D, E, F, G, H, K,
L, M, O, W, BB, CC, DDP Nos. 1 and
2, FFR Nos. 1-3, GGP Nos. 1 and 2,
IIP No. 1, JJP No. 1, KKP No. 1, LLP
No. 1 and GGP No. 8.
	 
	 

	 	PART III.
	 
	 

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

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

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

26

 

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

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

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

	 	IN WITNESS WHEREOF, THE DETROIT
EDISON COMPANY AND J.P. MORGAN TRUST
COMPANY, NATIONAL ASSOCIATION HAVE
CAUSED THESE PRESENTS TO BE SIGNED
IN THEIR RESPECTIVE CORPORATE NAMES
BY THEIR RESPECTIVE CHAIRMEN OF THE
BOARD, PRESIDENTS, VICE PRESIDENTS,
ASSISTANT VICE PRESIDENTS,
TREASURERS OR ASSISTANT TREASURERS
AND IMPRESSED WITH THEIR RESPECTIVE
CORPORATE SEALS, ATTESTED BY THEIR
RESPECTIVE SECRETARIES OR ASSISTANT
SECRETARIES, ALL AS OF THE DAY AND
YEAR FIRST ABOVE WRITTEN.

27

 

	 	 	 
	EXECUTION BY
COMPANY.

	 	THE DETROIT EDISON COMPANY

	 	 	 	 	 
	 

	 	By:
	/s/Paul A. Stadnikia
	 

	 	 	 

	(Corporate Seal)

	 	Name:
	 	Paul A. Stadnikia
	 

	 	Title:
	 	Assistant Treasurer

	 	 	 	 	 	 	 
	 	 	Attest:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	/s/Sandra Kay Ennis	 	 
	 

	 	 	 

	 	 
	 

	 	Name:
	 	Sandra Kay Ennis	 	 
	 

	 	Title:
	 	Corporate Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	Signed, sealed and delivered by

THE DETROIT EDISON COMPANY

in the presence of	 	 
	 
	 	 	 	 	 	 
	 	 	/s/Anthony G. Morrow	 	 
	 	 	 	 	 
	 	 	Name: Anthony G. Morrow	 	 
	 
	 	 	 	 	 	 
	 	 	/s/Daniel T. Richards	 	 
	 	 	 	 	 
	 	 	Name: Daniel T. Richards	 	 

28

 

	 	 	 	 	 	 	 
	 

	 	STATE OF MICHIGAN
	)	 	 	 
	 

	 	 	)	 SS	 	 
	 

	 	COUNTY OF WAYNE
	)	 	 	 

	 	 	 
	ACKNOWLEDGMENT OF EXECUTION
BY
COMPANY.

	 	On this 28th day of May 2008,
before me, the subscriber, a Notary Public
within and for the County of Wayne, in the
State of Michigan, acting in the County of
Wayne, personally appeared Paul A.
Stadnikia, to me personally known, who,
being by me duly sworn, did say that he
does business at 2000 2nd Avenue, Detroit,
Michigan 48226 and is the Assistant
Treasurer of THE DETROIT EDISON COMPANY,
one of the corporations described in and
which executed the foregoing instrument;
that he knows the corporate seal of the
said corporation and that the seal affixed
to said instrument is the corporate seal of
said corporation; and that said instrument
was signed and sealed in behalf of said
corporation by authority of its Board of
Directors and that he subscribed his name
thereto by like authority; and said Paul A.
Stadnikia acknowledged said instrument to
be the free act and deed of said
corporation.

	 	 	 	 	 
	(Notarial Seal)

	 	/s/Stephanie V. Washio	 	 
	 

	 	 

Stephanie V. Washio
	 	 
	 

	 	Notary Public, Wayne County, MI	 	 
	 

	 	Acting in Wayne	 	 
	 

	 	My Commission Expires: May 18, 2012	 	 

29

 

	 	 	 	 	 
	EXECUTION BY
TRUSTEE.	 	J.P. MORGAN TRUST COMPANY,

NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By: 
	/s/J. Michael Banas
	 

	 	 	 

	(Corporate Seal)	 	Name: J. Michael Banas
	 	 	Title: Authorized Representative

	 	 	 	 	 	 	 
	 	 	Attest:	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 
	/s/Alexis M. Johnson	 	 
	 

	 	 	 

	 	 
	 	 	Name: Alexis M. Johnson	 	 
	 	 	Title: Authorized Representative	 	 
	 
	 	 	 	 	 	 
	 	 	Signed, sealed and delivered by	 	 
	 	 	J. P. MORGAN TRUST COMPANY,

NATIONAL ASSOCIATION

in the presence of	 	 
	 
	 	 	 	 	 	 
	 	 	/s/Peter Dougherty	 	 
	 	 	 	 	 
	 	 	Name: Peter Dougherty	 	 
	 
	 	 	 	 	 	 
	 	 	/s/John Dermody	 	 
	 	 	 	 	 
	 	 	Name: John Dermody	 	 

30

 

	 	 	 	 	 	 	 
	 

	 	STATE OF MICHIGAN
	)	 	 	 
	 

	 	 	)	 SS	 	 
	 

	 	COUNTY OF WAYNE
	)	 	 	 

	 	 	 
	ACKNOWLEDGMENT OF
EXECUTION BY TRUSTEE.

	 	On this 28th day of May 2008,
before me, the subscriber, a Notary Public
within and for the County of Macomb, in the
State of Michigan, acting in the County of
Wayne, personally appeared J. Michael Banas,
to me personally known, who, being by me duly
sworn, did say that his business office is
located at 611 Woodward Avenue, Detroit,
Michigan 48226, and he is an Authorized
Representative of J.P. MORGAN TRUST COMPANY,
NATIONAL ASSOCIATION, one of the corporations
described in and which executed the foregoing
instrument; that he knows the corporate seal
of the said corporation and that the seal
affixed to said instrument is the corporate
seal of said corporation; and that said
instrument was signed and sealed in behalf of
said corporation by authority of its Board of
Directors and that he subscribed his name
thereto by like authority; and said J.
Michael Banas acknowledged said instrument to
be the free act and deed of said corporation.

	 	 	 	 	 
	(Notarial Seal)

	 	/s/Shirley A. Markulin	 	 
	 

	 	 

Shirley A. Markulin
	 	 
	 

	 	Notary Public, Macomb County, Michigan	 	 
	 

	 	Acting in Wayne County	 	 
	 

	 	My Commission Expires January 14, 2012	 	 

31

 

	 	 	 	 	 	 	 
	 

	 	STATE OF MICHIGAN
	)	 	 	 
	 

	 	 	)	  SS	 	 
	 

	 	COUNTY OF WAYNE
	)	 	 	 

	 	 	 
	AFFIDAVIT AS TO CONSIDERATION AND
GOOD FAITH.

	 	Paul A. Stadnikia, being duly sworn,
says: that he is the Assistant
Treasurer of THE DETROIT EDISON
COMPANY, the Mortgagor named in the
foregoing instrument, and that he
has knowledge of the facts in regard
to the making of said instrument and
of the consideration therefor; that
the consideration for said
instrument was and is actual and
adequate, and that the same was
given in good faith for the purposes
in such instrument set forth.

	 	 	 	 	 
	 

	 	/s/Paul A. Stadnikia	 	 
	 

	 	 

Name: Paul A. Stadnikia
	 	 
	 

	 	Title: Assistant Treasurer	 	 
	 

	 	The Detroit Edison Company	 	 
	 
	 	 	 	 
	 

	 	Sworn to before me this 28th day of May 2008	 	 
	 
	 	 	 	 
	(Notarial Seal)

	 	/s/Stephanie V. Washio	 	 
	 

	 	 

Stephanie V. Washio
	 	 
	 

	 	Notary Public, Wayne County, MI	 	 
	 

	 	Acting in Wayne	 	 
	 

	 	My Commission Expires: May 18, 2012	 	 

32

 

This instrument was drafted by:

Daniel T. Richards, Esq.

2000 2nd Avenue

688 WCB

Detroit, Michigan 48226

When recorded return to:

Stephanie V. Washio

2000 2nd Avenue

688 WCB

Detroit, Michigan 48226

33

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]