Document:

exv10w1

Exhibit 10.1

EXECUTION
VERSION

EMPLOYMENT AGREEMENT

     THIS
EMPLOYMENT AGREEMENT (the “Agreement”), made this
25th day of July, 2011, between Majesco
Entertainment Company (the “Company”) and Michael Vesey (“Executive”).

     1. Term of Employment. The Company hereby agrees to employ Executive, and Executive
agrees to work for the Company, on an at-will basis upon the terms set forth in this Agreement, for
the period commencing March 2, 2011 (the “Commencement Date”) and ending as provided in this
Agreement in accordance with the provisions of Section 4 (such period of employment is the
“Agreement Term”).

     2. Title; Capacity. The Company will employ Executive, and Executive agrees to work
for the Company, as its Chief Financial Officer (“CFO”) to perform the duties and responsibilities
inherent in such position and such other duties and responsibilities as the Company’s Chief
Executive Officer (“CEO”) or Board of Directors (the “Board”) shall from time to time reasonably
assign to him. The Executive will report directly to the CEO and Board of Directors.

     3. Compensation and Benefits.

          (a) Salary. The Company shall pay Executive an annual base salary of $250,000, (the
“Base Salary”), which shall be payable in accordance with the Company’s customary payroll
practices. The Base Salary thereafter shall be subject to annual review and increase as determined
by the Company in its discretion each year. However, Executive’s Base Salary shall not be reduced
during the term of this Agreement. Subject to the foregoing, any decrease in Salary will be
considered grounds for a termination by Executive with good reason as outlined in paragraph
4(e)(ii).

          (b) Bonus. During each year of the Agreement Term, Executive shall be eligible to
receive a cash bonus (the “Bonus”) based on a percentage of Executive’s Base Salary, less
applicable payroll withholdings, which Bonus shall be at the Company’s discretion but shall be no
less than bonuses paid to other top-level executive employees. The amount of the annual Bonus
shall be determined in the sole discretion of the Company and be based on such factors as the
Company establishes. The Bonus shall be payable at such times as bonuses are paid to other
executives of the Company, but not later than ninety (90) days after the end of each fiscal year of
the Company.

          (c) In addition Executive shall be entitled to participate in any long term incentive
compensation programs offered to Company executives. It is expected that such grants will (i) be
at a level commensurate with the grants made to other top-level executive employees, and (ii) be in
the form of restricted stock and/or stock options.

 

 

          (d) Long-Term Incentives. On the Commencement Date, the Company shall award Executive
100,000 shares of restricted stock (the “Restricted Stock”) which restrictions shall lapse as to
33,333 share increments on the first anniversary of the Commencement Date and the two anniversaries
thereafter, provided Executive continues to be employed by the Company on such dates. The Executive
will also be awarded options to purchase 100,000 shares of stock vesting over 3 years from the
Commencement Date (such options and the Restricted Stock are collectively referred to herein as the
“Initial Grants”). All stock and options shall be governed by the Company’s applicable stock plans
in effect on the date of grant. The grants were made in addition to the Executive’s participation
in the 2011 long term incentive program (LTIP).

          (e) Fringe Benefits. Executive shall be entitled to participate in all benefit
programs that the Company establishes and makes available to its senior executives. Executive
shall also be entitled to take fully paid vacation in accordance with Company policy, which shall
be no less than 4 weeks per calendar year.

          (f) Reimbursement of Expenses. The Company shall reimburse Executive for such
reasonable and necessary business expenses incurred by Executive while Executive is employed by the
Company. Executive must submit any request for reimbursement no later than ninety (90) days
following the date that such business expense is incurred in accordance with the Company’s
reimbursement policy regarding same and business expenses must be substantiated by appropriate
receipts and documentation.

     4. Termination of Employment Period. Executive’s employment shall terminate upon the
earlier to occur of any of the following:

          (a) Termination for Cause. At the election of the Company, for Cause. For the
purposes of this Section 4(a), “Cause” for termination shall be deemed to exist upon the occurrence
of any of the following:

               (i) a good faith finding by the Company that Executive has engaged in dishonesty, gross
negligence or misconduct that is injurious to the Company which, if curable, has not been cured by
Executive within 10 days after he shall have received written notice from the Company stating with
reasonable specificity the nature of such conduct;

               (ii) Executive’s conviction or entry of nolo contendere (or international equivalent) to any
felony or crime involving moral turpitude, fraud or embezzlement of Company property;

               (iii) Executive’s material breach of this Agreement, which, if curable, has not been cured by
Executive within ten (10) calendar days after Executive shall have received written notice from the
Company stating with reasonable specificity the nature of such breach; or

               (iv) Executive’s material breach of any of the terms of the covenants set forth in Section 6
below, which, if curable, has not been cured by Executive within ten (10)

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calendar days after Executive shall have received written notice from the Company stating with
reasonable specificity the nature of such breach.

          (b) Termination by the Company Without Cause. At the election of the Company, without
Cause, at any time, upon thirty (30) days written notice to Executive.

          (c) Death or Disability. The Agreement shall terminate upon Executive’s death or
disability. As used in this Agreement, the determination of “disability” shall occur when
Executive, due to a physical or mental disability, for a period of 90 consecutive days, or 180 days
in the aggregate whether or not consecutive, during any 360-day period, is unable to perform the
services contemplated under this Agreement. A determination of disability shall be made by a
physician satisfactory to both Executive and the Company, provided that if
Executive and the Company do not agree on a physician, Executive and the Company shall each select
a physician and these two together shall select a third physician, whose determination as to
disability shall be binding on all parties. Nothing in this Section 4(c) shall be construed to
waive Executive’s rights, if any, under existing law, including, without limitation, the Family and
Medical Leave Act of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities Act, 42
U.S.C. §12101 et seq. Notwithstanding the foregoing, if and only to the extent that Executive’s
disability is a trigger for the payment of deferred compensation, as defined in Section 409A of
Internal Revenue Code of 1986, as amended (the “Code”), “disability” shall have the meaning set
forth in Section 409A(a)(2)(C) of the Code.

          (d) Voluntary Termination by Executive. At the election of Executive, upon not less
than thirty (30) days’ prior written notice by Executive to the Company.

          (e) Voluntary Termination by Executive for Good Reason. At the election of Executive,
for Good Reason (as defined herein), at any time upon thirty (30) days’ prior written notice by
Executive to the Company. As used in this Agreement, “Good Reason” means if the Company, without
Executive’s written consent, fails to cure any one or more of the events or circumstances listed
below within twenty (20) calendar days after receiving written notice from Executive:

               (i) the assignment to Executive of duties materially inconsistent with those of a Chief
Financial Officer or a material diminution in title or authority;

               (ii) any failure by the Company to pay Executive the compensation and benefits to which
Executive is entitled in any material way, including any reduction in compensation including Base
Salary (except as provided in this Agreement), or payments and benefits to which Executive is
entitled under this Agreement;

               (iii) any material breach by the Company of the material terms of this Agreement; or

               (iv) the requirement that Executive relocate to an office location more than fifty (50) miles
outside of the current Company location in Edison, New Jersey.

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     5. Effect of Termination.

          (a) Termination for Cause, at the Election of Executive, or for Death or Disability.
In the event that Executive’s employment is terminated for Cause pursuant to Section 4(a), for
death or disability pursuant to Section 4(c), or at the election of Executive pursuant to Section
4(d), the Company shall have no further obligations under this Agreement other than to pay to
Executive for accrued but untaken vacation days through the last day of Executive’s actual
employment by the Company (“Accrued Obligations”).

          (b) Termination by the Company Without Cause or for Good Reason. In the event that
the Company terminates Executive’s employment without Cause pursuant to Section 4(b), or Executive
terminates Executive’s employment for Good Reason, pursuant to Section 4(e), the Company shall pay
Executive the Accrued Obligations in a single lump sum on the next regularly scheduled payroll date
and, upon Executive’s execution and delivery of a general release of claims in a form acceptable to
the Company (and if Executive does not revoke same), which release shall be executed and delivered
no later than fifty-three (53) days after Executive’s actual termination from the Company, the
Company shall make the following payments and provide the following benefits to Executive:

               (i) The Company shall continue to pay to Executive his annual Base Salary then in effect for a
period of twelve (12) months after the effective date of termination on a regular payroll basis
(the “Severance Payment”).

               (ii) [Left Blank Intentionally]

               (iii) The Company shall pay Executive his Bonus, to the extent the Company
determines he is eligible for the Bonus, in accordance with the terms of 3(b) above, which Bonus
shall be prorated based upon the date of Executive’s termination during the Company’s fiscal year
(the “Prorated Bonus”). To the extent the Prorated Bonus shall be awarded and paid in the event of
a termination without Cause or a resignation for Good Reason, such Prorated Bonus shall be paid at
the same time as bonuses are paid to other Company executives, except that the Prorated Bonus shall
be paid no later than January 31 following the close of the Company’s fiscal year.

               (iv) The Initial Grants, to the extent unvested as of the termination date, shall immediately
vest and become exercisable.

               Except with respect to Accrued Obligations, nothing shall be payable under this provision
unless Executive executes a release in favor of the Company relating to all claims arising out of
the employment relationship and/or termination thereof that is satisfactory to the Company.
To the extent required by Section 409A of the Code, the first installment of such Base Salary
in the amount of six (6) months’ Base Salary shall be payable on the first business day following
the six-month anniversary of the effective date of termination, and the remainder shall be payable
in accordance with the Company’s regular payroll procedures thereafter. If Section 409A of the
Code is not applicable at the time of such termination, such Base Salary continuation shall
commence immediately after the effective date of the release.

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          (c) Termination in Event of Change of Control. In the event that Executive’s
employment is terminated without Cause, or due to Executive’s resignation for Good Reason, and such
event occurs within twelve (12) months following a Change of Control as such term is defined below,
then:

               (i) Executive shall be entitled to receive the Severance Payment in a single lump sum in lieu
of the payroll basis described in Section 5(b)(i) above, which payment shall be made on the eighth
day following Executive’s execution of a release in favor of the Company (which release shall be
executed and delivered no later than fifty-three (53) days after the effective date of
termination).

               (ii) Executive shall also be entitled to a lump sum payment of his accrued but untaken
vacation.

               (iii) Executive shall be entitled to receive a Prorated Bonus, , which Prorated Bonus shall
also be paid in a lump sum immediately upon the effective date of the release.

               (iv) Any restricted stock and stock options held by Executive, to the extent unvested as of
the termination date, shall immediately vest and become exercisable.

          (d) “Change of Control” means the occurrence of any of the following events:

               (i) Any consolidation or merger of the Company with or into any other corporation or entity or
person, or any other corporate reorganization, in which the stockholders of the Company immediately
prior to such consolidation, merger or reorganization, own less than 50% of the voting power of the
surviving entity immediately after such consolidation, merger or reorganization;

               (ii) Any transaction or series of related transactions to which the Company is a party in
which in excess of fifty percent (50%) of the Company’s voting power is transferred; provided that
a Change of Control shall not include (1) any consolidation or merger effected exclusively to
change the domicile of the Company, or (2) any transaction or series of transactions principally
for bona fide equity financing purposes in which cash is received by the Company or indebtedness of
the Company is cancelled or converted or a combination thereof; or

               (iii) A sale, lease or other disposition of all or substantially all of the assets of the
Company.

          (e) Separation from Service. Notwithstanding anything set forth in Sections 4 and 5
of this Agreement, a termination of employment shall be deemed not to have occurred until such time
as Executive incurs a “separation from service” with the Company in accordance with Section
409a(a)(2)(A)(v) of the Code and the applicable provisions of Treasury Regulation Section 1.409A-3.

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     6. Non-disclosure and Non-competition.

          (a) Proprietary Information.

               (i) Executive agrees that all information and know-how, whether or not in writing, of a
private, secret or confidential nature concerning the Company’s business or financial affairs
(collectively, “Proprietary Information”) is and shall be the exclusive property of the Company.
By way of illustration, but not limitation, Proprietary Information may include inventions,
products, processes, methods, techniques, formulas, designs, drawings, slogans, tests, logos,
ideas, practices, projects, developments, plans, research data, financial data, personnel data,
computer programs and codes, and customer and supplier lists. Executive will not disclose any
Proprietary Information to others outside the Company except in the performance of Executive’s
duties or use the same for any unauthorized purposes without written approval by an officer of the
Company, either during or after Executive’s employment, unless and until such Proprietary
Information has become public knowledge or generally known within the industry without the fault of
Executive, or unless otherwise required by law.

               (ii) Executive agrees that all files, letters, memoranda, reports, records, data, sketches,
drawings, laboratory notebooks, program listings, or other written, photographic, electronic or
other material containing Proprietary Information, whether created by Executive or others, which
shall come into Executive’s custody or possession, shall be and are the exclusive property of the
Company to be used by Executive only in the performance of Executive’s duties for the Company.

               (iii) Executive agrees that Executive’s obligation not to disclose or use information,
know-how, records and tangible property of the types set forth in Sections 6(a)(i) and 6(a)(ii)
above, also extends to such types of information, know-how, records and tangible property of
subsidiaries and joint ventures of the Company, customers of the Company or suppliers to the
Company or other third parties who may have disclosed or entrusted the same to the Company or to
Executive in the course of the Company’s business.

          (b) Inventions.

               (i) Disclosure. Executive shall disclose promptly to an officer or to attorneys of
the Company in writing any idea, invention, work of authorship, whether patentable or unpatentable,
copyrightable or uncopyrightable, including, but not limited to, any computer program, software,
command structure, code, documentation, compound, genetic or biological material, formula, manual,
device, improvement, method, process, discovery, concept, algorithm, development, secret process,
machine or contribution (any of the foregoing items hereinafter referred to as an “Invention”)
Executive may conceive, make, develop or work on, in whole or in part, solely or jointly with
others. The disclosure required by this Section applies (a) during the period of Executive’s
employment with the Company; (b) with respect to all Inventions whether or not they are conceived,
made, developed or worked on by Executive during Executive’s regular hours of employment with the
Company; (c) whether or not the Invention was made at the suggestion of the Company; (d) whether or
not the Invention was reduced to drawings,

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written description, documentation, models or other tangible form; and (e) whether or not the
Invention is related to the general line of business engaged in by the Company.

               (ii) Assignment of Inventions to Company; Exemption of Certain Inventions. Executive
hereby assigns to the Company, without royalty or any other further consideration, Executive’s
entire right, title and interest in and to all Inventions which Executive conceives, makes,
develops or works on during employment, except those Inventions that Executive develops entirely on
Executive’s own time after the date of this Agreement without using the Company’s equipment,
supplies, facilities or trade secret information unless those Inventions either (a) relate at the
time of conception or reduction to practice of the Invention to the Company’s business, or actual
or demonstrably anticipated research or development of the Company; or (b) result from any work
performed by Executive for the Company.

               (iii) Records. Executive will make and maintain adequate and current written records
of all Inventions. These records shall be and remain the property of the Company.

               (iv) Patents. Subject to Section 6(d), Executive will assist the Company in
obtaining, maintaining and enforcing patents and other proprietary rights in connection with any
Invention covered by Section 6(a). Executive further agrees that Executive’s obligations under
this Section 6(b)(iv) shall continue beyond the termination of Executive’s employment with the
Company, but if Executive is called upon to render such assistance after the termination of such
employment, Executive shall be entitled to a fair and reasonable rate of compensation for such
assistance. Executive shall, in addition, be entitled to reimbursement of any expenses incurred at
the request of the Company relating to such assistance.

               (v) Prior Contracts and Inventions; Information Belonging to Third Parties. Executive
represents that there are no contracts to assign Inventions between any other person or entity and
Executive. Executive further represents that (a) Executive is not obligated under any consulting,
employment or other agreement which would affect the Company’s rights or my duties under this
Agreement, (b) there is no action, investigation, or proceeding pending or threatened, or any basis
therefor known to Executive involving Executive’s prior employment or any consultancy or the use of
any information or techniques alleged to be proprietary to any former employer, and (c) the
performance of Executive’s duties as an Executive of the Company will not breach, or constitute a
default under any agreement to which Executive is bound, including, without limitation, any
agreement limiting the use or disclosure of proprietary information acquired in confidence prior to
engagement by the Company. Executive will not, in connection with Executive’s employment by the
Company, use or disclose to the Company any confidential, trade secret or other proprietary
information of any previous employer or other person to which Executive is not lawfully entitled.

          (c) Non-competition and Non-solicitation.

               (i) As Executive: During Executive’s employment and for a period of one (1) year
after the termination of Executive’s employment with the Company for any reason,

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Executive will not, absent the Company’s prior written approval, directly or indirectly,
individually or on behalf of any other person or entity, whether as principal, agent, stockholder
(other than as the holder of not more than 1% of the combined voting power of the outstanding stock
of a public company), officer or director of any corporation or other business entity, or as a
trustee, fiduciary or in any other similar representative capacity, engage in the business of the
Company. Such period is hereafter referred to as the “Executive Non-Compete Period”.

               (ii) During Executive’s employment with the Company and until the conclusion of the Executive
Non-Compete Period, Executive will not, directly or indirectly, recruit, solicit or induce, or
attempt to recruit, solicit or induce any employee or employees of the Company to terminate their
employment with, or otherwise cease their relationship with, the Company.

               (iii) During Executive’s employment with the Company and until the conclusion of the Executive
Non-Compete Period, Executive will not, directly or indirectly, solicit, divert or take away, or
attempt to solicit, divert or take away, the business or patronage of any of the clients, customers
or accounts, or prospective clients, customers or accounts, of the Company.

          (d) If any restriction set forth in this Section 6 is found by any court of competent
jurisdiction to be unenforceable because it extends for too long a period of time or over too great
a range of activities, it shall be interpreted to extend only over the maximum period of time or
range of activities as to which it may be enforceable.

          (e) The restrictions contained in this Section 6 are necessary for the protection of the
business and goodwill of the Company and are in exchange for payments made to Executive and are
considered by Executive to be reasonable for such purpose. Executive agrees that any breach of
this Section will cause the Company substantial and irrevocable damage and therefore, in the event
of any such breach, in addition to such other remedies which may be available, the Company shall
have the right to seek specific performance and injunctive relief. The Company shall be entitled
to recover its reasonable attorneys’ fees in the event it prevails in such an action.

     7. Other Agreements. Executive represents that Executive’s performance of all the
terms of this Agreement as an Executive of the Company does not and will not breach any (i) other
agreement to keep in confidence proprietary information, knowledge or data acquired by Executive in
confidence or in trust prior to Executive’s employment with the Company or (ii) other agreement to
refrain from competing, directly or indirectly, with the business of any previous employer or any
other party.

     8. Notices. All notices required or permitted under this Agreement shall be in
writing and shall be deemed effective upon (a) a personal delivery or (b) by registered or
certified mail, postage prepaid.

     9. Entire Agreement. This Agreement, together with any equity agreements executed by
Executive and the Company, embody the entire agreement and understanding

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between the parties hereto with respect to the subject matter hereof and supersedes all prior
oral or written agreements and understandings relating to the subject matter hereof.

     10. Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and Executive.

     11. Governing Law and Jury Waiver. This Agreement shall be construed, interpreted and
enforced in accordance with the laws of the State of New Jersey without regard to principles of
conflicts of laws thereunder. The parties agree to irrevocably waive any right to trial by jury in
such an action.

     12. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of both parties and their respective successors and assigns, including any corporation into
which the Company may be merged or which may succeed to its assets or business, provided,
however, that the obligations of Executive are personal and shall not be assigned by him.

     13. Taxes. All payments required to be made by the Company to Executive under this
Agreement shall be subject to the withholding of such amounts for taxes and other payroll
deductions as the Company may reasonably determine it should withhold pursuant to any applicable
law or regulation. To the extent applicable, it is intended that the provisions of this Agreement
comply with Code Section 409A or be exempt therefrom, and this Agreement shall be administered, and
all provisions of this Agreement shall be construed, in a manner consistent with the requirements
for avoiding taxes or penalties under Code Section 409A. In the event that any severance payments
or benefits hereunder are determined by the Company to be in the nature of nonqualified deferred
compensation payments, Executive and the Company hereby agree to use reasonable efforts to take
such actions as may be mutually agreed to ensure that such payments or benefits, to the extent
possible, comply with the applicable provisions of Section 409A of the Code and the official
guidance issued thereunder. Notwithstanding the foregoing, the Company does not guarantee the tax
treatment or tax consequences associated with any payment or benefit arising under this Agreement.

     14. Miscellaneous.

          (a) No Waiver. No delay or omission by the Company in exercising any right under this
Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the
Company on any one occasion shall be effective only in that instance and shall not be construed as
a bar or waiver of any right on any other occasion.

          (b) Captions. The captions of the sections of this Agreement are for convenience of
reference only and in no way define, limit or affect the scope or substance of any section of this
Agreement.

          (c) Severability. In case any provision of this Agreement shall be invalid, illegal
or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions
shall in no way be affected or impaired thereby.

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          (d) Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which, taken together, shall constitute one and the
same instrument.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set
forth above.

	 	 	 	 	 
	 	/s/ Michael Vesey	 
	 	Michael Vesey 	 
	 
	 	MAJESCO ENTERTAINMENT COMPANY

 	 
	 	By:  	/s/
Jesse Sutton 	 
	 	Its:  	 	Chief Executive Officer	 
	 	 	 	 
	 

10exv4w269

Exhibit 4-269

DTE ENERGY COMPANY

AND

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

TRUSTEE

 

SUPPLEMENTAL INDENTURE

DATED AS OF MAY 15, 2011

 

SUPPLEMENTING THE AMENDED AND RESTATED INDENTURE

DATED AS OF APRIL 9, 2001

PROVIDING FOR

2011 SERIES C FLOATING RATE NOTES DUE 2013

 

 

     SUPPLEMENTAL INDENTURE, dated as of the 15th
day of May, 2011, between DTE ENERGY COMPANY, a corporation organized and existing under the laws
of the State of Michigan (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as
successor trustee (the “Trustee”);

     WHEREAS, the Company has heretofore executed and delivered to the Trustee an Amended and
Restated Indenture, dated as of April 9, 2001 (the “Original Indenture”), as amended, supplemented
or modified (as so amended, supplemented or modified, the “Indenture”) providing for the issuance
by the Company from time to time of its debt securities; and

     WHEREAS, the Company now desires to provide for the issuance of a series of its unsecured,
senior debt securities pursuant to the Original Indenture; and

     WHEREAS, the Company, in the exercise of the power and authority conferred upon and reserved
to it under the provisions of the Original Indenture, including Section 901 thereof, and pursuant
to appropriate resolutions of the Board of Directors, has duly determined to make, execute and
deliver to the Trustee this Supplemental Indenture to the Original Indenture as permitted by
Section 201 and Section 301 of the Original Indenture in order to establish the form or terms of,
and to provide for the creation and issue of, a series of its debt securities under the Original
Indenture, which shall be known as the “2011 Series C Floating Rate Senior Notes due 2013”; and

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

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

ARTICLE ONE

DEFINITIONS AND OTHER

PROVISIONS OF GENERAL APPLICATION

     SECTION 101. Definitions. Each capitalized term that is used herein and is defined in
the Original Indenture shall have the meaning specified in the Original Indenture unless such term
is otherwise defined herein. The following terms shall have the respective meanings set forth
below:

     “Business day” means any day other than a Saturday or Sunday or a day on which commercial
banks in the State of New York are required or authorized by law or executive order to be closed,
provided that, with respect to the Notes, the day is also a London business day.

 

 

     “LIBOR” means the rate determined by the calculation agent in accordance with the following
provisions:

     (1) With respect to any Interest Determination Date, LIBOR will be the rate for
deposits in United States dollars having a maturity of three months commencing on the first
day of the applicable interest period that appears on Bloomberg US0003M Page as of 11:00
a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in
respect of that Interest Determination Date, will be determined in accordance with the
provisions described in (2) below.

     (2) With respect to an Interest Determination Date on which no rate appears on
Bloomberg US0003M Page, as specified in (1) above, the calculation agent will request the
principal London offices of each of four major reference banks in the London interbank
market, as selected by the calculation agent, to provide the calculation agent with its
offered quotation for deposits in United States dollars for the period of three months,
commencing on the first day of the applicable interest period, to prime banks in the London
interbank market at approximately 11:00 a.m., London time, on that Interest Determination
Date and in a principal amount that is representative for a single transaction in United
States dollars in that market at that time. If at least two quotations are provided, then
LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations.
If fewer than two quotations are provided, then LIBOR on the Interest Determination Date
will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in the City of
New York, on the Interest Determination Date by three major banks in the City of New York
selected by the calculation agent for loans in United States dollars to leading European
banks, having a three-month maturity and in a principal amount that is representative for a
single transaction in United States dollars in that market at that time; provided, however,
that if the banks selected by the calculation agent are not providing quotations in the
manner described by this sentence, LIBOR will be the same as the rate determined for the
immediately preceding interest reset date.

     “Bloomberg US0003M Page” means the display designated on page “US0003M” on Bloomberg (or such
other page as may replace the US0003M page on that service or any successor service for the purpose
of displaying London interbank offered rates for U.S. dollar deposits of major banks).

     “Interest Determination Date” means, with respect to any interest reset date, the second
London business day prior to the applicable interest reset date; provided that the initial Interest
Determination Date shall be May 24, 2011.

     “Interest reset date” shall have the meaning set forth in Section 205(e).

     “London business day” means any day on which dealings in United States dollars are transacted
in the London interbank market.

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

ARTICLE TWO

TITLE AND TERMS OF THE SECURITIES

     SECTION 201. Title of the Securities; Stated Maturity. This Supplemental Indenture
hereby establishes a series of Securities, which shall be known as the Company’s “2011 Series C
Floating Rate Notes due 2013” (the “Notes”). The Stated Maturity on which the principal of the
Notes shall be due and payable will be June 3, 2013.

     SECTION 202. Rank. The Notes shall rank equally with all other unsecured and
unsubordinated indebtedness of the Company from time to time outstanding.

     SECTION 203. Variations from the Original Indenture. Section 1009 of the Original
Indenture shall be applicable to the Notes. Section 403(2) and Section 403(3) shall be applicable
to the Notes; the Company’s obligations under Section 1009, without limitation, shall be subject to
defeasance in accordance with Section 403(3).

     SECTION 204. Amount and Denominations; DTC.

     (a) The aggregate principal amount of the Notes that may be issued under this Supplemental
Indenture is limited initially to $300,000,000 (except as provided in Section 301(2) of the
Original Indenture); provided that the Company may, without the consent of the Holders of the
Outstanding Notes, “reopen” the Notes so as to increase the aggregate principal amount of the Notes
Outstanding in compliance with the procedures set forth in the Original Indenture, including
Section 301 and Section 303 thereof, so long as any such additional Notes have the same tenor and
terms (including, without limitation, rights to receive accrued and unpaid interest) as the Notes
then Outstanding. No additional Notes may be issued if an Event of Default has occurred. The
Notes shall be issuable only in fully registered form and, as permitted by Section 301 and Section
302 of the Original Indenture, in denominations of $1,000 and integral multiples thereof. The
Notes will initially be issued in global form (the “Global Notes”) under a book-entry system,
registered in the name of The Depository Trust Company, as depository (“DTC”), or its nominee,
which is hereby designated as “Depositary” under the Indenture.

     (b) Further to Section 305 of the Original Indenture, any Global Note shall be exchangeable
for Notes registered in the name of, and a transfer of a Global Note may be registered to, any
Person other than the Depositary for such Note or its nominee only if (i) such Depositary notifies
the Company that it is unwilling or unable to continue as Depositary for such Global Note or if at
any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in
either such case, the Company does not appoint a successor Depositary within 90 days thereafter,
(ii) the Company executes and delivers to the Trustee a Company Order that such Global Note shall
be so exchangeable and the transfer thereof so registrable or (iii) there shall have occurred and
be continuing an Event of Default or an event which, with the giving of notice or lapse of time, or
both, would constitute an Event of Default with respect to

3

 

the Notes. Upon the occurrence in
respect of a Global Note of any or more of the conditions specified in clause (i), (ii) or (iii) of
the preceding sentence, such Global Note may be exchanged for Notes registered in the name of, and
the transfer of such Global Note may be registered to, such Persons (including Persons other than
the Depositary and its nominees) as such Depositary, in the case of an exchange, and the Company,
in the case of a transfer, shall direct.

SECTION 205. Terms of the Notes.

     (a) The Notes shall bear interest from the date of original issuance at the rates determined
by the calculation agent as described below from May 26, 2011, or from the most recent Interest
Payment Date (as defined below) to which interest has been paid or duly provided for, until the
principal of the Notes becomes due and payable, and on any overdue principal and premium and (to
the extent that payment of such interest is enforceable under applicable law) on any overdue
installment of interest at the same rate per annum during such overdue period. Interest on the
Notes will be payable quarterly, in arrears, on March 3, June 3, September 3 and December 3 of each
year (each such date, an “Interest Payment Date”), beginning on September 3, 2011, to the Holders
of record at the close of business on the fifteenth calendar day (whether or not a business day)
prior to the applicable Interest Payment Date (each such date, a “Regular Record Date”); provided,
that so long as the Notes are registered in the name of DTC, its nominee or a successor depositary,
the Regular Record Date for interest payable on any Interest Payment Date shall be the close of
business on the Business Day immediately preceding such Interest Payment Date for the Notes so
registered; and provided, further, that interest to be paid on the maturity date will be payable to
the person to whom the principal will be payable.

     (b) Any interest installment not punctually paid or duly provided for shall forthwith cease to
be payable to the registered Holders on such Regular Record Date, and may either be paid to the
person in whose name the Note (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date to be fixed by the Trustee for the payment of such defaulted
interest, notice whereof shall be given to the registered Holders of the Notes not less than ten
days prior to such Special Record Date, or may be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Notes may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in the Original
Indenture. The principal of, and the interest on the Notes shall be payable at the office or
agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New
York, in any coin or currency of the United States of America which at the time of payment is legal
tender for payment of public and private debts; provided, however, that payment of interest may be
made at the option of the Company by check mailed to the registered Holder at the close of business
on the Regular Record Date at such address as shall appear in the Security Register.
Notwithstanding anything else contained herein, if this Note is a Global Note and is held in
book-entry form through the facilities of the Depositary, payments on this Note will be made to the
Depositary or its nominee in accordance with arrangements then in effect between the Trustee and
the Depositary.

     (c) Interest on the Notes will be computed on the basis of a 360-day year and the actual
number of days elapsed in each quarterly interest period. The accrued interest for any period will
be calculated by multiplying the principal amount of the Notes by an accrued interest factor. The
accrued interest factor will be computed by adding the interest factor calculated for

4

 

each day in
the period to the date for which accrued interest is being calculated. The interest factor
(expressed as a decimal rounded upwards if necessary) will be computed by dividing the interest
rate (expressed as a decimal rounded upwards if necessary) applicable on such date by 360.

     (d) Interest on the Notes will accrue from and including the original issuance date, to but
excluding the first Interest Payment Date and then from and including the most recent Interest
Payment Date to which interest has been paid or duly provided for to but excluding the next
Interest Payment Date, or maturity date, as the case may be. If any Interest Payment Date (other
than the maturity date) and interest reset date falls (as defined below) on a day that is not a
Business Day, that Interest Payment Date and interest reset date will be postponed to the next day
that is a business day. If the postponement would cause the day to fall in the next calendar month
the Interest Payment Date and interest reset date will be the immediately preceding Business Day.
If an Interest Payment Date that falls on the maturity date falls on a day that is not a Business
Day, the payment will be made on the next business day (whether or not the postponement would cause
the day to fall in the next calendar month) as if it were made on the date the payment was due, and
no interest will accrue on the amount so payable for the period from and after the maturity date to
the date the payment is made.

     (e) The initial interest rate for the period from and including May 26, 2011 to the first
Interest Payment Date will be equal to the three-month LIBOR rate as of the initial Interest
Determination Date (May 24, 2011) plus 0.70%. Interest on the Notes for subsequent quarterly
periods will be reset on each Interest Payment Date (each of these dates is called an “interest
reset date”), beginning on September 3, 2011, based on the three-month LIBOR rate as of the
Interest Determination Date plus 0.70%. The interest rate on the Notes will in no event be higher
than the maximum rate permitted by New York law as the same may be modified by United States law of
general application.

     (f) The calculation agent will, upon the request of a Holder of the Notes, provide the
interest rate then in effect. All calculations made by the calculation agent in the absence of
manifest error shall be conclusive for all purposes and binding on the Company and the Holders of
Notes. The Trustee will serve as the calculation agent until such time as the Company appoints a
successor calculation agent.

     (g) All percentages resulting from any calculation of the interest rate with respect to the
Notes will be rounded, if necessary to the nearest one-hundred thousandth of a percentage point,
with five one-millionths of a percentage point rounded upwards, and all dollar amounts in or
resulting from any such calculation will be rounded to the nearest cent (with one-half cent being
rounded upwards).

     (h) The Notes will mature on June 3, 2013 and will not be subject to redemption prior to
maturity. The Notes will not be entitled to the benefits of a sinking fund or be subject to
repurchase at the option of the Holder.

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

5

 

     SECTION 206. Form of Notes. Attached hereto as Exhibit A is the form of the Notes.

ARTICLE THREE

MISCELLANEOUS PROVISIONS

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

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

     This Supplemental Indenture shall be governed by, and construed in accordance with, the laws
of the State of New York.

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

6

 

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

	 	 	 	 	 
	 	DTE ENERGY COMPANY

 	 
	 	By:  	/s/ N. A. Khouri
 	 
	 	 	Name:  	N.A. Khouri 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

ATTEST:

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Lisa A. Muschong
 	 
	 	 	Name:  	Lisa A. Muschong 	 
	 	 	Title:  	Corporate Secretary 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON 
TRUST
COMPANY, N.A.

 	 
	 	By:  	/s/ Alexis M. Johnson
 	 
	 	 	Name:  	Alexis M. Johnson 	 
	 	 	Title:  	Authorized Officer 	 
	 

7

 

EXHIBIT
A

FORM OF NOTE

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

	 	 	 	 	 

	CUSIP NO.:

	 	$	300,000,000	 
	NO. R-
	 	 	 	 

DTE ENERGY COMPANY

2011 SERIES C FLOATING RATE NOTES DUE 2013

     DTE ENERGY COMPANY, a corporation duly organized and existing under the laws of the State of
Michigan (herein referred to as the “Company”, which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or
registered assigns, the principal sum of $300,000,000 on June 3, 2013 (“Stated Maturity” with
respect to the principal of this Note), and to pay interest thereon from May 26, 2011 or from the
most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly
in arrears on March 3, June 3, September 3 and December 3 in each year (each, an “Interest
Payment Date”), commencing September 3, 2011, and at Stated Maturity at the rate determined on
the most recent Interest Determination Date (as defined below), until the principal hereof is paid
or made available for payment, provided that any principal hereof or premium, if any, or interest
hereon which is not paid when due shall bear interest based on the three-month LIBOR rate as of the
Interest Determination Date plus 0.70% (to the extent that the payment of such interest shall be
legally enforceable) from the dates such amounts are due until they are paid or made available for
payment, and such interest shall be payable on demand.

     Interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
with respect to this Note will, as provided in the Indenture, be paid to the person in whose name
this Note is registered at the close of business on the relevant record date for such interest
installment, which shall be the fifteenth calendar day (whether or not a Business Day) prior to the
relevant Interest Payment Date (the “Regular Record Date”), provided that so long as this

A-1

 

Note is a
Global Note registered in the name of DTC, its nominee or a successor Depositary, the Regular
Record Date for any Interest Payment Date shall be the close of business on the Business Day
immediately preceding such Interest Payment Date. Interest to be paid on the maturity date will be
payable to the person to whom the principal is payable on such date. Any such interest installment
not punctually paid or duly provided for shall forthwith cease to be payable to the registered
Holders on such Regular Record Date, and may either be paid to the person in whose name this Note
is registered at the close of business on a Special Record Date to be fixed by the Trustee for the
payment of such defaulted interest, notice whereof shall be given to the registered Holders of the
Notes not less than ten days prior to such Special Record Date, or may be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the
Notes may be listed, and upon such notice as may be required by such exchange, all as more fully
provided in the Indenture. The principal of, and the interest on the Notes shall be payable at the
office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City
of New York, in any coin or currency of the United States of America which at the time of payment
is legal tender for payment of public and private debts; provided, however, that payment of
interest (other than interest payable at the maturity date) may be made at the option of the
Company by check mailed to the registered Holder at the close of business on the Regular Record
Date at such address as shall appear in the Security Register. Notwithstanding anything else
contained herein, if this Note is a Global Note and is held in book-entry form through the
facilities of the Depositary, payments on this Note will be made to the Depositary or its nominee
in accordance with arrangements then in effect between the Trustee and the Depositary.

     Interest will be computed on the basis of a 360-day year and the actual number of days elapsed
in each quarterly interest period. The accrued interest for any period will be calculated by
multiplying the principal amount hereof by an accrued interest factor. The accrued interest factor
will be computed by adding the interest factor calculated for each day in the period to the date
for which accrued interest is being calculated. The interest factor (expressed as a decimal rounded
upwards if necessary) will be computed by dividing the interest rate (expressed as a decimal
rounded upwards if necessary) applicable on such date by 360.

     Interest will accrue from and including the original issuance date, to but excluding the first
Interest Payment Date and then from and including the most recent Interest Payment Date to which
interest has been paid or duly provided for to but excluding the next Interest Payment Date, or
maturity date, as the case may be. If any Interest Payment Date (other than the maturity date) and
interest reset date (as defined below) falls on a day that is not a Business Day, that Interest
Payment Date and interest reset date will be postponed to the next day that is a Business Day. If
the postponement would cause the day to fall in the next calendar month the Interest Payment Date
and reset date will be the immediately preceding Business Day. If an Interest Payment Date that
falls on the maturity date falls on a day that is not a Business Day, the payment will be made on
the next Business Day (whether or not the postponement would cause the day to fall in the next
calendar month) as if it were made on the date the payment was due, and no interest will accrue on
the amount so payable for the period from and after the maturity date to the date the payment is
made. “Business day” means any day other than a Saturday or Sunday or a day on which commercial
banks in the State of New York are required or authorized by law or executive order to be closed,
provided that, with respect to the Notes, the day is also a London business day.

A-2

 

     “LIBOR” means the rate determined by the calculation agent in accordance with the following
provisions:

     (1) With respect to any Interest Determination Date, LIBOR will be the rate for
deposits in United States dollars having a maturity of three months commencing on the first
day of the applicable interest period that appears on Bloomberg US0003M Page as of 11:00
a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in
respect of that Interest Determination Date, will be determined in accordance with the
provisions described in (2) below.

     (2) With respect to an Interest Determination Date on which no rate appears on
Bloomberg US0003M Page, as specified in (1) above, the calculation agent will request the
principal London offices of each of four major reference banks in the London interbank
market, as selected by the calculation agent, to provide the calculation agent with its
offered quotation for deposits in United States dollars for the period of three months,
commencing on the first day of the applicable interest period, to prime banks in the London
interbank market at approximately 11:00 a.m., London time, on that Interest Determination
Date and in a principal amount that is representative for a single transaction in United
States dollars in that market at that time. If at least two quotations are provided, then
LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations.
If fewer than two quotations are provided, then LIBOR on the Interest Determination Date
will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in the City of
New York, on the Interest Determination Date by three major banks in the City of New York
selected by the calculation agent for loans in United States dollars to leading European
banks, having a three-month maturity and in a principal amount that is representative for a
single transaction in United States dollars in that market at that time; provided, however,
that if the banks selected by the calculation agent are not providing quotations in the
manner described by this sentence, LIBOR will be the same as the rate determined for the
immediately preceding interest reset date.

     “Bloomberg US0003M Page” means the display designated on page “US0003M” on Bloomberg (or such
other page as may replace the US0003M page on that service or any successor service for the purpose
of displaying London interbank offered rates for U.S. dollar deposits of major banks).

     “Interest Determination Date” means, with respect to any interest reset date, the second
London business day prior to the applicable interest reset date; provided that the initial Interest
Determination Date shall be May 24, 2011.

     “Interest reset date” shall have the meaning set forth in Section 205(e) of the Supplemental
Indenture dated as of May 15, 2011.

     “London business day” means any day on which dealings in United States dollars are transacted
in the London interbank market.

A-3

 

     The calculation agent will, upon the request of a Holder of the Notes, provide the interest
rate then in effect. All calculations made by the calculation agent in the absence of manifest
error shall be conclusive for all purposes and binding on the Company and the Holders of Notes.
The Trustee will serve as the calculation agent until such time as the Company appoints a successor
calculation agent.

     All percentages resulting from any calculation of the interest rate with respect to the Notes
will be rounded, if necessary to the nearest one-hundred thousandth of a percentage point, with
five one-millionths of a percentage point rounded upwards, and all dollar amounts in or resulting
from any such calculation will be rounded to the nearest cent (with one-half cent being rounded
upwards).

     This Note is one of a duly authorized series of Securities of the Company, designated as the
“2011 Series C Floating Rate Notes due 2013” (the “Notes”), initially limited to an aggregate
principal amount of $300,000,000 (except for Notes authenticated and delivered upon transfer of, or
in exchange for, or in lieu of other Notes, and except as further provided in the Indenture), all
issued or to be issued under and pursuant to an Amended and Restated Indenture, dated as of April
9, 2001, as supplemented through and including the Supplemental Indenture dated as of May 15, 2011
(together, as amended, supplemented or modified, the “Indenture”), duly executed and delivered
between the Company and The Bank of New York Mellon Trust Company, N.A., as successor trustee
(herein referred to as the “Trustee”, which term includes any successor trustee under the
Indenture), to which Indenture reference is hereby made for a description of the respective rights,
limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company
and the registered Holders of the Notes and of the terms upon which the Notes are, and are to be,
authenticated and delivered.

     This Note will mature on June 3, 2013 and is not subject to redemption prior to maturity. This
Note is not entitled to the benefits of a sinking fund and is not subject to repurchase at the
option of the holder.

     In case an Event of Default, as defined in the Indenture, shall have occurred and be
continuing, the principal hereof may be declared, and upon such declaration shall become, due and
payable, in the manner, with the effect and subject to the conditions provided in the Indenture.

     The Indenture contains provisions for defeasance at any time of the entire indebtedness of
this Note upon compliance by the Company with certain conditions set forth therein.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Notes under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority of the aggregate principal amount of all Notes issued under the Indenture at
the time outstanding and affected thereby; provided, however, that no such amendment shall without
the consent of the Holder of each Note so affected, among other things (i) change the stated
maturity of the principal of, or any installment of principal of or interest on any Notes, or
reduce the principal amount thereof, or reduce the rate of interest thereon, or reduce any premium
payable upon the redemption thereof or (ii) reduce the percentage of Notes,

A-4

 

the Holders of which
are required to consent to any amendment or waiver or for certain other matters as set forth in the
Indenture. The Indenture also contains provisions permitting (i) the registered Holders of 66 2/3%
in aggregate principal amount of the Securities at the time outstanding affected thereby, on behalf
of the registered Holders of the Securities, to waive compliance by the Company with certain
provisions of the Indenture and (ii) the registered Holders of not less than a majority in
aggregate principal amount of the Securities at the time outstanding affected thereby, on behalf of
the registered Holders of the Securities, to waive certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the registered Holder of this Note (unless
revoked as provided in the Indenture) shall be conclusive and binding upon such registered Holder
and upon all future registered Holders and owners of this Note and of any Note issued in exchange
hereof or in place hereof (whether by registration of transfer or otherwise), irrespective of
whether or not any notation of such consent or waiver is made upon this Note.

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

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

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

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

A-5

 

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

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

     The Indenture and this Note shall be governed by and construed in accordance with the laws of
the State of New York.

     All terms used in this Note which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

A-6

 

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

	 	 	 	 	 
	 	DTE ENERGY COMPANY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Date: May 26, 2011

Attest:

	 	 	 	 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

A-7

 

	 	 	 	 	 

CERTIFICATE OF AUTHENTICATION

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

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST

COMPANY, N.A.

as Trustee

 	 
	 	By  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Date: May 26, 2011

A-8

 

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

 

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

 

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

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

Dated:________________________

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

A-9

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