Document:

Exhibit 10.3

Exhibit 10.3

INDEMNIFICATION AGREEMENT

THIS AGREEMENT is made the [ ] day of [ ], 2010 by and between Endurance Specialty Holdings
Ltd., a Bermuda company (the “Company”), and [Executive], who serves as an officer of the Company
on the date hereof (the “Indemnitee”).

WHEREAS, the Indemnitee serves as an officer of the Company;

WHEREAS, the Company wishes the Indemnitee to continue to serve as an officer of the Company
and the Indemnitee is willing, under certain circumstances, to continue in such capacity; and

WHEREAS, as an inducement to continued service as a officer by the Indemnitee and its other
directors and officers, the Company has determined to provide additional protection to the
Indemnitee as set forth herein.

NOW, THEREFORE, in consideration of the Indemnitee’s continued and future service to the
Company, the parties agree as follows:

	1.	 	Indemnification. The Company agrees to indemnify the Indemnitee to the full extent
permitted by Bermuda law and the Company’s Bye-Laws, as each exists now and as each may be
amended in the future to permit additional indemnification for the Indemnitee.
	 
	2.	 	Payment of Expenses. Without limiting the indemnification provided in Section 1 and
subject to the limitations, terms and conditions of this Agreement, including, but not limited
to, the limitations in Section 9, the Company agrees, to the fullest extent permitted by
applicable law and the Company’s Bye-Laws as in effect at any time during the term of this
Agreement, to pay all costs, charges and other expenses, including, but not limited to,
attorneys’ fees, costs of appearance, attachment and similar bonds (hereinafter referred to as
“Expenses”) incurred by the Indemnitee in connection with any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative
(including, but not limited to, any action by or in the right of the Company), to which the
Indemnitee is, was or at any time becomes a party, or is threatened to be made a party, by
reason of the fact that the Indemnitee is, was or at any time becomes a director, officer,
employee, agent or fiduciary of the Company, or is or was serving or at any time serves at the
request of the Company as a director, officer, employee, agent, or fiduciary of another
corporation, partnership, joint venture, trust or other enterprise or with respect to any
employee benefit plan (or its participants or beneficiaries) of the Company or any such other
enterprise as such Expenses accrue and, in any event, within twenty (20) days after the
Company has received written request therefor from or on behalf of the Indemnitee. The
Company shall continue to make such payments unless and until there has been a final
adjudication by a court of competent jurisdiction establishing
that the Indemnitee is not entitled to payment of such Expenses in accordance with Section 9 of
this Agreement.

 

 

 

	3.	 	Maintenance of D&O Insurance. The Company currently maintains directors’ and
officers’ liability insurance with a limit of coverage of $70,000,000 (the “D&O Policies”).

	 	a.	 	So long as the Indemnitee shall continue to serve in any capacity described
in Section 2 and thereafter so long as the Indemnitee shall be subject to any possible
action, suit or proceeding by reason of the fact that the Indemnitee served in any of
said capacities, the Company will purchase and maintain in effect for the benefit of
the Indemnitee one or more valid, binding and enforceable policies of directors’ and
officers’ liability insurance providing, in all respects, coverage and amounts at
least comparable to that provided pursuant to the D&O Policies.
	 
	 	b.	 	Notwithstanding Section 3(a), the Company shall not be required to maintain
directors’ and officers’ liability insurance in effect if such insurance is not
reasonably available or if, in the reasonable business judgment of the Board of
Directors of the Company (the “Board”) as it may exist from time to time, either (i)
the premium cost for such insurance is substantially disproportionate to the amount of
insurance or (ii) the coverage is so limited by exclusions that there is insufficient
benefit provided by such insurance.
	 
	 	c.	 	If the Company, acting under Section 3(b), does not purchase and maintain in
effect directors’ and officers’ liability insurance, the Company shall indemnify and
hold harmless the Indemnitee to the full extent of the coverage which would otherwise
have been provided by the D&O Policies.
	 
	 	d.	 	The Company shall pay all Expenses incurred by the Indemnitee in connection
with any action, suit or proceeding to enforce the Indemnitee’s rights under the D&O
Policies.

	4.	 	Procedure for Requesting Indemnification and Payment of Expenses. To obtain
indemnification and payment of Expenses under this Agreement, the Indemnitee shall submit to
the Company a written request, including therein or therewith such documentation and
information as is reasonably available to the Indemnitee and is reasonably necessary to
determine whether and to what extent the Indemnitee is entitled to indemnification. The
Secretary of the Company shall, promptly upon receipt of such a request for indemnification,
advise the Board in writing that the Indemnitee has requested indemnification. Any
determination as to the eligibility of an Indemnitee to indemnification and/or payment of
Expenses shall be made:

	 	a.	 	by the Board, by a majority vote at a meeting duly constituted by a quorum of
directors not party to the proceedings or matter with regard to which the
indemnification is, or would be claimed; or
	 
	 	b.	 	in the case such a meeting cannot be constituted by lack of a disinterested
quorum, by independent legal counsel in a written opinion.

 

2

 

	5.	 	Presumptions and Effect of Certain Proceedings.

	 	a.	 	In making a determination with respect to entitlement to indemnification or
payment of Expenses hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification or payment
of Expenses under this Agreement if Indemnitee has submitted a request for
indemnification or payment of Expenses in accordance with Section 4 of this Agreement,
and the Company shall have the burden of proof to overcome that presumption in
connection with the making of any determination contrary to that presumption.
	 
	 	b.	 	If the person, persons or entity empowered or selected pursuant to Section 4
to determine whether Indemnitee is entitled to indemnification or payment of Expenses
hereunder shall not have made a determination within thirty (30) days after receipt by
the Company of the request therefor, the requisite determination of entitlement shall
be deemed to have been made and Indemnitee shall be entitled to indemnification and/or
payment of Expenses hereunder.
	 
	 	c.	 	The termination of any action, suit or proceeding by judgment, order,
settlement, conviction, a plea of nolo contendere or its equivalent,
or an entry of an order of probation prior to judgment, does not create a presumption
that Indemnitee is not entitled to indemnification and/or payment of Expenses
hereunder.

	6.	 	Defense of Claims. With respect to any action, suit or proceeding described in
Section 2, the Company may elect to assume the investigation and defense of such action, suit
or proceeding with counsel it selects with the consent of the Indemnitee, which consent shall
not be unreasonably withheld. After notice to the Indemnitee from the Company of its election
to assume the investigation and defense of such action, suit or proceeding, the Company shall
not be liable to the Indemnitee under this Agreement for any expenses subsequently incurred by
the Indemnitee in connection with the investigation and defense of such action, suit or
proceeding other than for services requested by the Company or the counsel it selected. The
Indemnitee shall have the right to employ his own counsel, but the expenses incurred by the
Indemnitee after notice from the Company of its assumption of the investigation and defense
shall be at the expense of the Indemnitee. Notwithstanding the foregoing, however, the
Indemnitee shall be entitled to separate counsel in any action, suit or proceeding brought by
or on behalf of the Company or as to which counsel for the Indemnitee reasonably concludes
that there is a conflict of interest between the Company and the Indemnitee, provided that the
Company shall not be required to pay the expenses of more than one such separate counsel for
persons it is indemnifying in any one action, suit or proceeding unless the counsel originally
chosen to represent such Indemnitees as a group reasonably concludes that substantial
and material conflicts of interest prevent such counsel from acting for the Indemnitees as a
single client.

 

3

 

	7.	 	Indemnitee’s Reimbursement. The Indemnitee agrees to reimburse the Company for all
amounts paid by the Company pursuant to this Agreement in the event and to the extent, but
only in the event and only to the extent, that there is a final adjudication by a court of
competent jurisdiction establishing that the Indemnitee is not entitled to be so indemnified
or to have such amounts paid by the Company.

	8.	 	Contribution. If the indemnification or payment of Expenses provided by this
Agreement should be unavailable or insufficient to hold the Indemnitee harmless, then the
Company agrees that, for purposes of this Section, the Company shall be treated as if it were
a party to the threatened, pending or completed action, suit or proceeding in which the
Indemnitee was involved and that the Company shall contribute to the amounts paid or payable
by the Indemnitee as a result of Expenses, judgments for both compensatory and punitive
damages, fines, penalties and amounts paid in settlement. The amount of contribution provided
by this Section shall be determined by (i) the relative benefits accruing to the Company on
the one hand and the Indemnitee on the other which arose out of the acts or omissions
underlying the threatened, pending or completed action, suit or proceeding in which the
Indemnitee was involved, (ii) the relative fault of the Company on the one hand and the
Indemnitee on the other in connection with such acts or omissions, and (iii) any other
equitable considerations appropriate under the circumstances. For purposes of this Section,
the relative benefits of the Company shall be deemed to be the benefits accruing to it and the
relative benefit of the Indemnitee shall be deemed to be an amount not greater than the
Indemnitee’s annual base salary or Indemnitee’s compensation from the Company plus any
personal benefit received from such acts or omissions. The relative fault shall be determined
by reference to, among other things, the fault of the Company and all of its directors,
officers, employees and agents (other than the Indemnitee), as a group and treated as one
entity, on the one hand, and the Indemnitee’s and such group’s relative intent, knowledge,
access to information and opportunity to have altered or prevented the act or omission on the
other hand.

	9.	 	Limitations on Indemnification, Advancement and Contribution. Notwithstanding
anything in the foregoing to the contrary, the Company shall not be liable under this
Agreement to make any indemnity payment, advancement of Expenses or contribution in connection
with any action, suit or proceeding:

	 	a.	 	to the extent that payment is actually made, or for which payment is
available, to or on behalf of the Indemnitee under an insurance policy, except in
respect of any amount in excess of the limits of liability of such policy or any
applicable deductible for such policy;
	 
	 	b.	 	to the extent that payment has or will be made to the Indemnitee by the
Company otherwise than pursuant to this Agreement;
	 
	 	c.	 	to the extent that there was a final adjudication by a court of competent
jurisdiction that the Indemnitee is liable for fraud or dishonesty in relation to the
Company;

 

4

 

	 	d.	 	to the extent the application of such provision is prohibited under the
Bermuda Companies Act 1981, as amended from time to time; or
	 
	 	e.	 	To the extent of any “short swing profit” disgorgement or similar liability
arising under Section 16(b) of the U.S. Securities Exchange Act of 1934, as amended
(the “Exchange Act”).

	10.	 	Enforcement of Indemnitee’s Rights. The Indemnitee shall have the right to enforce
this Agreement in any court of competent jurisdiction if the Company either fails to indemnify
the Indemnitee or fails to advance Expenses pursuant to the Company’s Bye-Laws or this
Agreement. The Company agrees to stipulate in any such suit that the Company is bound by all
the provisions of this Agreement and is precluded from making any assertion to the contrary.
The burden of proof shall be on the Company in any such suit to demonstrate by the weight of
the evidence that the Indemnitee is not entitled to indemnification or advance payment of
Expenses. The Indemnitee’s Expenses incurred in establishing his right to indemnification or
advancement of Expenses, in whole or in part, in any such action (or settlement thereof) shall
be paid by the Company as they accrue and, in any event within twenty (20) days after the
Company has received written request therefore from or on behalf of the Indemnitee. The
Company shall continue to make such payments unless and until there has been a final
adjudication by a court of competent jurisdiction establishing that the Indemnitee is not
entitled to indemnification or advance payment of Expenses, in which event the Indemnitee
agrees to reimburse the Company for all amounts paid under this Section 10.

	11.	 	Change in Control. The Company agrees that if there is a Change in Control, as
defined below, of the Company (other than a Change in Control which has been approved by a
majority of the Board who were directors immediately prior to such Change in Control), then
(a) any determination with respect to an Indemnitee’s eligibility to receive payment of
Expenses under this Agreement shall be made by the members of the Board who were directors
immediately prior to such Change in Control and (b) with respect to all other matters
thereafter arising concerning the rights of the Indemnitee to indemnity payments and payments
of Expenses under this Agreement, the Company shall seek legal advice only from special,
independent counsel selected by the Indemnitee with the consent of the Company (which consent
shall not be unreasonably withheld), and who has not otherwise performed services for the
Company within the last five years (other than in such capacity and in connection with such
matters). Such counsel, among other things, shall render a written opinion to the Company and
the Indemnitee as to whether and to what extent the Indemnitee would be permitted to be
indemnified under this Agreement and applicable law. The Company agrees to be bound by such
written opinion of the special, independent counsel, to pay the reasonable fees of such
counsel and to fully indemnify such counsel against any and all expenses (including attorneys’
fees), claims, liabilities and damages arising out of or relating to this Agreement or counsel’s
engagement pursuant hereto.

 

5

 

A “Change in Control” for purposes of this Agreement shall be deemed to have occurred upon the
earliest to happen of the following:

	 	a.	 	The acquisition, in one or more transactions, of beneficial ownership (within
the meaning of Rule 13d-3 under the Exchange Act) by any person or entity or any group
of persons or entities who constitute a group (within the meaning of Rule 13d-3 of the
Exchange Act), other than a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or a subsidiary, of any securities of the Company
if, as a result of such acquisition, such person, entity or group either (i)
beneficially owns (within the meaning of Rule 13d-3 under the Exchange Act), directly
or indirectly, more than 30% of the Company’s outstanding voting securities entitled
to vote on a regular basis for a majority of the members of the Board or (ii)
otherwise has the ability to elect, directly or indirectly, a majority of the members
of the Board;
	 
	 	b.	 	A change in the composition of the Board such that a majority of the members
of the Board are not Continuing Directors. A “Continuing Director” means, as of any
date of determination, any member of the Board who (i) was a member of the Board on
the date of this Agreement, or (ii) was nominated and elected to such Board with the
affirmative vote of a majority of the Continuing Directors who were members of the
Board at the time of such nomination or election; or
	 
	 	c.	 	The shareholders of the Company approve (i) a merger or consolidation of the
Company with any other corporation, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) at least 50% of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or (ii) a plan of complete
liquidation of the Company or an agreement for the sale or disposition by the Company
(in one or more transactions) of all or substantially all of the Company’s assets.

	12.	 	Settlement. The Company shall not be liable to indemnify the Indemnitee under this
Agreement for any amounts paid in settlement of any action, suit or proceeding without its
written consent, which consent shall not be unreasonably withheld. The Company shall not
settle any action, suit or proceeding which would impose any penalty or limitation on the
Indemnitee without the Indemnitee’s written consent, which consent shall not be unreasonably
withheld. In the event that consent is not given and the parties hereto are unable to agree
on a proposed settlement, independent legal counsel shall be retained by the Company, at its
expense, with the consent of the Indemnitee, which consent shall not be unreasonably withheld,
for the purpose of determining whether or not the proposed settlement is reasonable under all
of the
circumstances, and if independent legal counsel determines the proposed settlement is
reasonable, the settlement may be consummated without the consent of the other party.

 

6

 

	13.	 	Company Subrogation Rights. In the event of any payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights of recovery of
the Indemnitee against any person or organization and the Indemnitee shall execute all papers
required and shall do everything that may be reasonably necessary to secure such rights.

	14.	 	Non-Exclusive. Nothing in this Agreement shall diminish or otherwise restrict, and
this Agreement shall not be deemed exclusive of, the Indemnitee’s rights to indemnification or
advancement of Expenses under any provision of Bermuda law or the Bye-Laws of the Company or
otherwise.

	15.	 	Notice to the Company. The Indemnitee will promptly notify the Company of any
threatened, pending or completed action, suit or proceeding against the Indemnitee described
in Section 2. The failure to notify or promptly notify the Company shall not relieve the
Company from any liability which it may have to the Indemnitee otherwise than under this
Agreement, and shall relieve the Company from liability hereunder only to the extent the
Company has been prejudiced.

	16.	 	Notices. Any notice that is required or permitted to be given under this Agreement
shall be in writing and shall be personally delivered or deposited in the United States mail,
certified or registered mail with proper postage prepaid and addressed:

If to the Company, to:

Endurance Specialty Holdings Ltd.

Wellesley House

90 Pitts Bay Road

Pembroke HM08

Bermuda

Attn: Secretary

If to the Indemnitee, to the residence address or residence facsimile number of the Indemnitee
set forth in the records of the Company.

Each party hereto may provide the other party hereto with notice of a new address for notices
under this Section 16, in which event notices under this Agreement shall be delivered to such
other address as the party may have furnished to the other party at least 10 calendar days
prior to such notice.

	17.	 	Supersedes Prior Agreements. This Agreement replaces and supersedes any other
agreement or agreements, oral or written, that the Company may have with Indemnitee with
respect to the subject matter covered by this Agreement, including but not limited to the
Indemnification Agreement, dated [ ], 2007, between the Company and the Indemnitee.

 

7

 

	18.	 	Separability. Each of the provisions of this Agreement is a separate and distinct
agreement and independent of the others, so that if any provision shall be held to be invalid
or unenforceable for any reason, such invalidity or unenforceability shall not affect the
validity or enforceability of the other provisions.

	19.	 	Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of Bermuda, without regard to principles of conflict of laws.

	20.	 	Duration of Agreement. Unless otherwise terminated pursuant to a written instrument
signed by both parties in accordance with Section 22 hereof, this Agreement shall continue in
effect until and terminate upon the later of (a) ten (10) years after the Indemnitee has
ceased to occupy any of the positions or have any of the relationships described in Section 2
of this Agreement and (b) the final termination of all pending or threatened actions, suits,
proceedings or investigations with respect to Indemnitee.

	21.	 	Binding Effect. This Agreement shall be binding upon the Indemnitee and upon the
Company, its successors and assigns, and shall inure to the benefit of the Indemnitee, his
heirs, personal representatives and assigns and to the benefit of the Company, its successors
and assigns.

	22.	 	Amendment and Termination. Except for any automatic termination pursuant to Section
20 hereof, no amendment, modification, termination or cancellation of this Agreement shall be
effective unless in writing signed by both parties.

	23.	 	Headings. The headings of the sections of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

	24.	 	Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original, but all of which together shall
constitute one and the same Agreement. Only one such counterpart signed by the party against
whom enforceability is sought needs to be produced to evidence the existence of this
Agreement.

 

8

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above.

	 	 	 	 	 
	 	ENDURANCE SPECIALTY HOLDINGS LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	  	 	 
	 	 	[Executive] 	 
	 	 	 	 
	 

 

9exv4w267

Exhibit 4.267

INDENTURE

DATED AS OF NOVEMBER 1, 2009

 

THE DETROIT EDISON COMPANY

(One Energy Plaza, Detroit, Michigan 48226)

TO

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

(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,

2009 SERIES CT

AND

(B) RECORDING AND FILING DATA

1

 

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 2009 Series CT
	 	 	10	 
	Further Assurance
	 	 	10	 
	Authorization of Supplemental Indenture
	 	 	11	 
	Consideration for Supplemental Indenture
	 	 	11	 
	PART I. CREATION OF THREE HUNDRED FIFTY-SIXTH SERIES OF BONDS, GENERAL AND
REFUNDING MORTGAGE BONDS, 2009 SERIES CT
	 	 	11	 
	Sec. 1. Terms of Bonds of 2009 Series CT
	 	 	11	 
	Sec. 2. Release
	 	 	14	 
	Sec. 3. Redemption of Bonds of 2009 Series CT
	 	 	14	 
	Sec. 4. Redemption of Bonds of 2009 Series CT 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 2009 Series CT
	 	 	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 March 15, 2009
	 	 	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 November, in the
year 2009, 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 The Bank of New York Mellon Trust Company, N.A., 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, April 1, 2008, May 1, 2008, June 1, 2008, July
1, 2008, October 1, 2008, December 1, 2008 and March 15, 2009
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 Thirteen billion three
hundred forty-nine million eight hundred fifty-two thousand dollars
($13,349,852,000) 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,
	 
	 	 	 	 	 	 
	 
	 	(259)	 	Bonds of 1987 Series D	 	— Principal Amount $250,000,000,

5

 

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

6

 

	 	 	 	 	 	 	 
	 
	 	(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,
	 
	 	 	 	 	 	 
	 
	 	(315)	 	Bonds of 2006 Series CT	 	— Principal Amount $68,500,000,
	 
	 	 	 	 	 	 
	 
	 	(316)	 	Bonds of 2005 Series DT	 	— Principal Amount $119,175,000,
	 
	 	 	 	 	 	 
	 
	 	(317)	 	Bonds of 1991 Series AP	 	— Principal Amount $32,375,000, and
	 
	 	 	 	 	 	 
	 
	 	(318)	 	Bonds of 2008 Series DT	 	— Principal Amount $68,500,000,

7

 

	 	 	 	 	 	 	 
	 	 	 	 	all of which have either been retired and cancelled, or no longer
represent obligations of the Company, having matured or having been
called for 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;
	 
	 	 	 	 	 	 
	 	 	(319)	 	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 ninety million three hundred
twenty thousand dollars ($190,320,000) principal amount have
heretofore been retired;
	 
	 	 	 	 	 	 
	 	 	(320)	 	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-eight million three hundred eighty thousand dollars
($68,380,000) principal amount have heretofore been retired;
	 
	 	 	 	 	 	 
	 	 	(321)	 	INTENTIONALLY RESERVED FOR 1990 SERIES E;
	 
	 	 	 	 	 	 
	 	 	(322)	 	INTENTIONALLY RESERVED FOR 1990 SERIES F;
	 
	 	 	 	 	 	 
	 	 	(323)	 	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;
	 
	 	 	 	 	 	 
	 	 	(324)	 	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;
	 
	 	 	 	 	 	 
	 	 	(325)	 	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;
	 
	 	 	 	 	 	 
	 	 	(326)	 	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;
	 
	 	 	 	 	 	 
	 	 	(327)	 	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;
	 
	 	 	 	 	 	 
	 	 	(328)	 	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;
	 
	 	 	 	 	 	 
	 	 	(329)	 	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;
	 
	 	 	(330)	 	Bonds of 1999 Series CP in the principal amount of Sixty-six million
five hundred sixty-five thousand dollars ($66,565,000), all of which
are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 	 	(331)	 	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;

8

 

	 	 	 	 	 	 	 
	 	 	(332)	 	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;
	 
	 	 	 	 	 	 
	 	 	(333)	 	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;
	 
	 	 	 	 	 	 
	 	 	(334)	 	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;
	 
	 	 	 	 	 	 
	 	 	(335)	 	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;
	 
	 	 	 	 	 	 
	 	 	(336)	 	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;
	 
	 	 	 	 	 	 
	 	 	(337)	 	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;
	 
	 	 	 	 	 	 
	 	 	(338)	 	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;
	 
	 	 	 	 	 	 
	 	 	(339)	 	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;
	 
	 	 	 	 	 	 
	 	 	(340)	 	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;
	 
	 	 	 	 	 	 
	 	 	(341)	 	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;
	 
	 	 	 	 	 	 
	 	 	(342)	 	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;
	 
	 	 	 	 	 	 
	 	 	(343)	 	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;
	 
	 	 	 	 	 	 
	 	 	(344)	 	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;
	 
	 	 	 	 	 	 
	 	 	(345)	 	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;
	 
	 	 	 	 	 	 
	 	 	(346)	 	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;
	 
	 	 	 	 	 	 
	 	 	(347)	 	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;
	 
	 	 	 	 	 	 
	 	 	(348)	 	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;

9

 

	 	 	 	 	 	 	 
	 	 	(349)	 	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;
	 
	 	 	 	 	 	 
	 	 	(350)	 	Bonds of 2008 Series ET 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;
	 
	 	 	 	 	 	 
	 	 	(351)	 	Bonds of 2008 Series G in the principal amount of Three hundred
million dollars ($300,000,000), all of which are outstanding at the
date hereof;
	 
	 	 	 	 	 	 
	 	 	(352)	 	Bonds of 2008 Series KT 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;
	 
	 	 	 	 	 	 
	 	 	(353)	 	Bonds of 2008 Series J in the principal amount of Two hundred fifty
million dollars ($250,000,000), all of which are outstanding at the
date hereof; and
	 
	 	 	 	 	 	 
	 	 	(354)	 	Bonds of 2008 Series LT in the principal amount of Fifty million
dollars ($50,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 	 	(355)	 	Bonds of 2009 Series BT 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 Four
billion ninety-six million nine hundred forty-two thousand dollars
($4,096,942,000) 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
November 1, 2009 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), Collateralized Series 2009CT (the “Strategic Fund
Bonds”) being issued under the Trust Indenture dated as of November 1,
2009 (the “Strategic Fund Indenture”) between the Michigan Strategic
Fund and The Bank of New York Mellon 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 2009 SERIES CT.

	 	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, 2009 Series CT,” in the aggregate
principal amount of Sixty-five million dollars ($65,000,000), 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

10

 

	 	 	 
	 

	 	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 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 FIFTY-SIXTH

SERIES OF BONDS,

GENERAL AND REFUNDING MORTGAGE BONDS,

2009 SERIES CT
	 
	 	 
	TERMS OF BONDS OF
2009 SERIES CT.

	 	SECTION 1. The Company hereby creates the three hundred fifty-sixth 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, 2009 Series CT” (elsewhere herein referred to as the
“bonds of 2009 Series CT”). The aggregate principal amount of bonds of 2009 Series
CT shall be limited to Sixty-five million dollars ($65,000,000), 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 2009 Series CT is to
be irrevocably assigned to, and registered in the name of, The Bank of New York
Mellon Trust Company, N.A., as trustee, or a successor trustee (said trustee or any
successor trustee being hereinafter referred to as the “Note

11

 

	 	 	 
	 

	 	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 2009 Series CT Variable Rate Senior Notes due 2024
(for purposes of this Part I, the “Notes”).
	 
	 	 
	 

	 	The bonds of 2009 Series CT shall be issued as registered bonds without coupons in
denominations of a multiple of $5,000. The bonds of 2009 Series CT shall be issued
in the aggregate principal amount of $65,000,000, shall mature on August 1, 2024
(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 2009 Series CT 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 2009 Series CT 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 2009 Series CT 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
2009 Series CT, 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
November 24, 2009.
	 
	 	 
	 

	 	The bonds of 2009 Series CT 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 2009 Series CT). Until bonds of 2009
Series CT 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 2009 Series CT in temporary form, as provided in Section 10 of
Article II of the Indenture. Temporary bonds of 2009 Series CT, if any, may be
printed and may be issued in authorized denominations in substantially the form of
definitive bonds of 2009 Series CT, 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 2009 Series CT 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

12

 

	 	 	 
	 

	 	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 2009 Series CT, 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
2009 Series CT 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 2009 Series CT 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 2009 Series
CT 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 2009 Series CT 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 2009 Series CT shall in the same manner be exchangeable for a
like aggregate principal amount of bonds of 2009 Series CT 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 2009 Series CT during any period of ten (10) days
next preceding any redemption date for such bonds.
	 
	 	 
	 

	 	Bonds of 2009 Series CT, 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 2009 Series CT 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 2009 Series
CT, 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

13

 

	 	 	 
	 

	 	Section 2.03(c) of
the Thirtieth Supplemental Indenture to the Note Indenture dated November 1, 2009,
such redemption or defeasance shall result in the 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 2009 Series CT and
cancellation thereof.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2009 Series
CT, 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 2009 Series CT 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 2009 Series CT 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 2009 Series
CT to be less than the then-outstanding principal amount of the Notes.
	 
	 	 
	REDEMPTION OF BONDS
OF 2009 SERIES CT.

	 	SECTION 3. Bonds of 2009 Series CT 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 2009 Series CT on the same date as it gives notice of
redemption of Notes to the Note Indenture Trustee.
	 
	 	 
	REDEMPTION OF BONDS
OF 2009 SERIES CT
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 2009 Series CT 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 2009 Series
CT 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 2009 Series CT. 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

14

 

	 	 	 
	 

	 	Redemption Demand, the Company shall fix a date on which
it will redeem the 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 2009 Series CT 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

	 	SECTION 5. The bonds of 2009 Series CT and the form of Trustee’s Certificate to be
endorsed on such bonds shall be substantially in the following forms, respectively:
	2009 SERIES CT.
	 	 
	 
	 

	 	THE DETROIT EDISON COMPANY

GENERAL AND REFUNDING MORTGAGE BOND

2009 SERIES CT
	 
	 	 
	 

	 	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 November 1, 2009, between The Detroit
Edison Company and The Bank of New York Mellon 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 Mellon 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, 2024 (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 November 24, 2009, 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 November 1, 2009 (hereinafter called the “Note
Indenture”), between the Company and The Bank of New York Mellon Trust Company,
N.A., as successor trustee (hereinafter called the “Note Indenture Trustee”), the
Company has issued its 2009 Series CT Variable Rate Senior Notes due 2024 (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 November 1, 2009 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), Collateralized
Series 2009CT (the “Strategic Fund Bonds”) being issued under the Trust Indenture
dated as of November 1, 2009 (the “Strategic Fund Indenture”) between the Michigan
Strategic Fund and The Bank of New York Mellon 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 2009 Series CT, limited to an aggregate principal amount of $65,000,000,
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 The

16

 

	 	 	 
	 

	 	Bank of New York Mellon Trust Company, N.A., as successor Trustee, to
which Indenture and all indentures supplemental thereto (including the Supplemental
Indenture dated as of November 1, 2009) 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 November 1,
2009, 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 2009 Series CT (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 2009 Series CT, 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 2009 Series
CT, 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 2009 Series CT 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
2009 Series CT 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 2009 Series CT 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 2009 Series
CT 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 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

18

 

	 	 	 
	 

	 	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 The Bank of
New York Mellon Trust Company, N.A., 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.

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Representative 	 
	 	 	 	 
	 

19

 

	 	 	 
	 

	 	PART II.
	 
	 	 
	 

	 	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
	May 15, 1955(a)(c)

	 	Series O Bonds and Subject
Properties
	 	August 15, 1957

20

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	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
	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

21

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	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
	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

22

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	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
	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

23

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	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
	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
	April 1, 2008

	 	2008 Series DT Bonds
	 	May 1, 2008
	May 1, 2008

	 	2008 Series ET Bonds
	 	July 1, 2008
	June 1, 2008

	 	2008 Series G Bonds
	 	October 1, 2008
	July 1, 2008

	 	2008 Series KT Bonds
	 	October 1, 2008
	October 1, 2008

	 	2008 Series J Bonds
	 	December 1, 2008

24

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	December 1, 2008

	 	2008 Series LT Bonds
	 	March 15, 2009

 

			
	(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 MARCH 15,
2009.

	 	Further, pursuant to the terms and
provisions of the Original
Indenture, a Supplemental Indenture
dated as of March 15, 2009 providing
for the terms of bonds to be issued
thereunder of 2009 Series BT 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 1, 2009
(Filing No. 2009047927-9), has been
filed and recorded in the Office of
the Surface Transportation Board on
April 1, 2009 (Recordation No.
5485-WWWW), 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
	 	 	04/02/09	 	 	 	200904020029953	 	 	 	N/A	 
	Huron
	 	 	04/01/09	 	 	 	1276	 	 	 	594	 
	Ingham
	 	 	04/02/09	 	 	 	3340	 	 	 	182	 
	Lapeer
	 	 	04/01/09	 	 	 	2378	 	 	 	842	 
	Lenawee
	 	 	04/01/09	 	 	 	2381	 	 	 	777	 
	Livingston
	 	 	04/01/09	 	 	 	2009R-007403	 	 	 	N/A	 
	Macomb
	 	 	04/02/09	 	 	 	19728	 	 	 	875	 
	Mason
	 	 	04/01/09	 	 	 	2009R02049	 	 	 	N/A	 
	Monroe
	 	 	04/01/09	 	 	 	2009R04968	 	 	 	N/A	 
	Oakland
	 	 	04/01/09	 	 	 	41026	 	 	 	32	 
	St. Clair
	 	 	04/01/09	 	 	 	3929	 	 	 	759	 
	Sanilac
	 	 	04/01/09	 	 	 	1062	 	 	 	55	 
	Tuscola
	 	 	04/01/09	 	 	 	1170	 	 	 	1369	 
	Washtenaw
	 	 	04/01/09	 	 	 	4726	 	 	 	499	 
	Wayne
	 	 	04/01/09	 	 	 	47799	 	 	 	763	 

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

	 	THE DETROIT EDISON COMPANY	 	 
	COMPANY.
	 	 	 	 
	 
	 	 	 	 
	(Corporate Seal)

	 	By: /s/ Edward Solomon
 

Name: Edward Solomon
	 	 
	 

	 	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

COUNTY OF WAYNE
	 	)

) SS

)

	 	 	 
	ACKNOWLEDG-MENT OF EXECUTION
BY
COMPANY.

	 	On this 23rd day of November, 2009, 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 Edward Solomon, to me
personally known, who, being by me duly
sworn, did say that he does business at One
Energy Plaza, 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 Edward Solomon
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

	 	THE BANK OF NEW YORK MELLON TRUST	 	 
	TRUSTEE.

	 	COMPANY, N.A.	 	 
	 
	 	 	 	 
	(Corporate Seal)

	 	By: /s/ Alexis M. Johnson
 

Name: Alexis M. Johnson
	 	 
	 

	 	Title: Authorized Officer	 	 

	 	 	 	 	 
	 

	 	Attest:	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 

Name: J. Michael Banas
	 	 
	 

	 	Title: Vice President	 	 
	 
	 	 	 	 
	 

	 	Signed, sealed and delivered by	 	 
	 

	 	THE BANK OF NEW YORK MELLON	 	 
	 

	 	TRUST COMPANY, N.A.	 	 
	 

	 	in the presence of	 	 
	 
	 	 	 	 
	 

	 	/s/ John Dermody
 

Name: John Dermody
	 	 
	 
	 	 	 	 
	 

	 	/s/ Kathleen Hier
 

Name: Kathleen Hier
	 	 

30

 

	 	 	 	 	 
	 

	 	STATE OF MICHIGAN

COUNTY OF WAYNE
	 	)

) SS

)

	 	 	 
	ACKNOWLEDG-MENT OF
EXECUTION BY TRUSTEE.

	 	On this 23rd day of November, 2009, 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 Alexis M. Johnson, to me
personally known, who, being by me duly
sworn, did say that her business office is
located at 719 Griswold Street, Suite 930,
Detroit, Michigan 48226, and she is an
Authorized Officer of THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A., one of the
corporations described in and which executed
the foregoing instrument; that she 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 she
subscribed her name thereto by like
authority; and said Alexis M. Johnson
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

COUNTY OF WAYNE
	 	)

) SS

)
	 
	 	 	 	 
	AFFIDAVIT AS TO CONSIDERATION AND
GOOD FAITH.	 	Edward Solomon, 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/ Edward Solomon
 

Name: Edward Solomon
	 	 
	 

	 	Title: Assistant Treasurer	 	 
	 

	 	The Detroit Edison Company	 	 
	 
	 	 	 	 
	 

	 	Sworn to before me this 23rd day of	 	 
	 

	 	November, 2009	 	 
	 
	 	 	 	 
	(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.

One Energy Plaza

688 WCB

Detroit, Michigan 48226

When recorded return to:

Stephanie V. Washio

One Energy Plaza

688 WCB

Detroit, Michigan 48226

33

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]