Document:

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                                                                   EXHIBIT 10(d)

                        QUARTERLY SERVICER'S CERTIFICATE

                             CONSUMERS FUNDING LLC
                $468,592,000 SECURITIZATION BONDS, SERIES 2001-1

Pursuant to Section 3.05 of the Servicing Agreement dated as of November 8, 2001
   (the "Consumers Servicing Agreement") between Consumers Energy Company, as
Servicer and Consumers Funding LLC, as Issuer, the Servicer does hereby certify
                                  as follows:

Capitalized terms used in the Quarterly Servicer's Certificate (the "Quarterly
Certificate") have their respective meanings as set forth in the Agreement.
  References herein to certain sections and subsections are references to the
                     respective sections of the Agreement.

           Billing Periods: October 2004, November 2004, December 2004
                         Payment Date: January 20, 2005
<TABLE>
<S>                                                                                                            <C>
1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR THE CURRENT PAYMENT DATE:
   i.     Remittances for the October 2004 Collection Period                                                   $  4,287,658.00
   ii.    Remittances for the November 2004 Collection Period                                                  $  4,472,039.00
   iii.   Remittances for the December 2004 Collection Period                                                  $  3,950,323.00
   iv.    Remittances for the       Collection Period                                                          $          0.00
   v.     Remittances for the       Collection Period                                                          $          0.00
   vi.    Remittances for the       Collection Period                                                          $          0.00
   vii.   Remittances for the       Collection Period                                                          $          0.00
   viii.  Net Earnings on Collection Account                                                                   $     40,881.71
   ix.    Net Earnings on Capital Subaccount                                                                   $     10,622.26
   x.     Net Earnings on Overcollateralization Subaccount                                                     $      2,261.98
   xi.    Net Earnings on Reserve Subaccount                                                                   $      7,986.65
                                                                                                               ---------------
          GENERAL SUBACCOUNT BALANCE                                                                           $ 12,771,772.60

   xii.   Reserve Subaccount Balance                                                                           $  1,697,712.50
   xiii.  Overcollateralization Subaccount Balance                                                             $    502,062.86
   xiv.   Capital Subaccount Balance (less $100K)                                                              $  2,242,960.00
   xv.    Capital Reserve Subaccount Balance                                                                   $    100,000.00
                                                                                                               ---------------
   xvi.   COLLECTION ACCOUNT BALANCE                                                                           $ 17,314,507.96

2. OUTSTANDING PRINCIPAL BALANCE AND COLLECTION ACCOUNT BALANCE AS OF PRIOR PAYMENT DATE:
   i.     Class A-1 Principal Balance                                                                          $          0.00
   ii.    Class A-2 Principal Balance                                                                          $ 39,659,113.73
   iii.   Class A-3 Principal Balance                                                                          $ 31,000,000.00
   iv.    Class A-4 Principal Balance                                                                          $ 95,000,000.00
   v.     Class A-5 Principal Balance                                                                          $117,000,000.00
   vi.    Class A-6 Principal Balance                                                                          $115,592,000.00
                                                                                                               ---------------
   vii.   SECURITIZATION BOND PRINCIPAL BALANCE                                                                $398,251,113.73

   viii.  Reserve Subaccount Balance                                                                           $  1,697,712.50
   ix.    Overcollateralization Subaccount Balance                                                             $    502,062.86
   x.     Capital Subaccount Balance                                                                           $  2,242,960.00
   xi.    Capital Reserve Subaccount Balance                                                                   $    100,000.00

3. REQUIRED FUNDING/PAYMENTS AS OF CURRENT PAYMENT DATE:
   i.     Projected Class A-1 Bond Balance                                                                     $          0.00
   ii.    Projected Class A-2 Bond Balance                                                                     $ 32,539,944.30
   iii.   Projected Class A-3 Bond Balance                                                                     $ 31,000,000.00
   iv.    Projected Class A-4 Bond Balance                                                                     $ 95,000,000.00
   v.     Projected Class A-5 Bond Balance                                                                     $117,000,000.00
   vi.    Projected Class A-6 Bond Balance                                                                     $115,592,000.00
                                                                                                               ---------------
   vii.   PROJECTED SECURITIZATION BOND BALANCE                                                                $391,131,944.30

   viii.  Required Class A-1 Coupon (2.59% per annum rate)                                                     $          0.00
   ix.    Required Class A-2 Coupon (3.80% per annum rate)                                                     $    376,761.58
</TABLE>

                                   Page 1 of 3
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<TABLE>
<S>                                                                                                            <C>
   x.     Required Class A-3 Coupon (4.55% per annum rate)                                                     $    352,625.00
   xi.    Required Class A-4 Coupon (4.98% per annum rate)                                                     $  1,182,750.00
   xii.   Required Class A-5 Coupon (5.43% per annum rate)                                                     $  1,588,275.00
   xiii.  Required Class A-6 Coupon (5.76% per annum rate)                                                     $  1,664,524.80
   xiv.   Required Overcollateralization Funding                                                               $     41,838.57
   xv.    Required Capital Subaccount Funding                                                                  $          0.00

4. ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO 8.02 OF
   THE INDENTURE:
   i.     Bond Trustee Fees and Expenses                                                                       $          0.00
   ii.    Servicing Fee                                                                                        $    248,906.95
   iii.   Cumulative Monthly Administration Fee during Relevant Quarter                                        $     20,000.00
   iv.    Independent Managers Fee                                                                             $      1,750.00
   v.     Operating Expenses (subject to cap of $100,000/quarter)                                              $     35,548.16
   vi.    QUARTERLY INTEREST                                                                                   $  5,164,936.38
          1.Class A-1 Bond Coupon Payment                                                                      $          0.00
          2.Class A-2 Bond Coupon Payment                                                                      $    376,761.58

          3.Class A-3 Bond Coupon Payment                                                                      $    352,625.00
          4.Class A-4 Bond Coupon Payment                                                                      $  1,182,750.00
          5.Class A-5 Bond Coupon Payment                                                                      $  1,588,275.00
          6.Class A-6 Bond Coupon Payment                                                                      $  1,664,524.80
   vii.   Principal Due and Payable as a Result of Event of Default or on Final Maturity Date                  $          0.00
   viii.  QUARTERLY PRINCIPAL                                                                                  $  7,119,169.43
          1.Class A-1 Bond Principal Payment                                                                   $          0.00
          2.Class A-2 Bond Principal Payment                                                                   $  7,119,169.43
          3.Class A-3 Bond Principal Payment                                                                   $          0.00
          4.Class A-4 Bond Principal Payment                                                                   $          0.00
          5.Class A-5 Bond Principal Payment                                                                   $          0.00
          6.Class A-6 Bond Principal Payment                                                                   $          0.00
   ix.    Operating Expenses (in excess of $100,000)                                                           $          0.00
   x.     Funding of Capital Subaccount (to required level)                                                    $          0.00
   xi.    Funding of Overcollateralization Subaccount (to required level)                                      $     41,838.57
   xii.   Net Earnings on Capital Subaccount Released to Issuer                                                $     10,622.26
   xiii.  Deposits to Reserve Subaccount                                                                       $    129,000.85
   xiv.   Released to Issuer upon Series Retirement: Collection Account                                        $          0.00

5. OUTSTANDING PRINCIPAL BALANCE AND COLLECTION ACCOUNT BALANCE AS OF CURRENT PAYMENT DATE:
   (AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):
   i.     Class A-1 Principal Balance                                                                          $          0.00
   ii.    Class A-2 Principal Balance                                                                          $ 32,539,944.30
   iii.   Class A-3 Principal Balance                                                                          $ 31,000,000.00
   iv.    Class A-4 Principal Balance                                                                          $ 95,000,000.00
   v.     Class A-5 Principal Balance                                                                          $117,000,000.00
   vi.    Class A-6 Principal Balance                                                                          $115,592,000.00

   vii. SECURITIZATION BOND PRINCIPAL BALANCE                                                                  $391,131,944.30

   viii.  Reserve Subaccount Balance                                                                           $  1,834,700.00
   ix.    Overcollateralization Subaccount Balance                                                             $    543,901.43
   x.     Capital Subaccount Balance                                                                           $  2,242,960.00
   xi.    Capital Reserve Subaccount Balance                                                                   $    100,000.00
</TABLE>

                                   Page 2 of 3
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<TABLE>
<S>                                                                                                            <C>
6. SUBACCOUNT DRAWS AS OF CURRENT PAYMENT DATE (IF APPLICABLE, PURSUANT TO
   SECTION 8.02 OF THE INDENTURE):
   i.    Reserve Subaccount                                                                                    $          0.00
   ii.   Overcollateralization Subaccount                                                                      $          0.00
   iii.  Capital Subaccount                                                                                    $          0.00
   iv.   Capital Reserve Subaccount                                                                            $          0.00
                                                                                                               ---------------
   v.    TOTAL DRAWS                                                                                           $          0.00

7. SHORTFALLS IN INTEREST AND PRINCIPAL PAYMENTS AS OF CURRENT PAYMENT DATE:
   i.     QUARTERLY INTEREST                                                                                   $          0.00
          1. Class A-1 Bond Coupon Payment                                                                     $          0.00
          2. Class A-2 Bond Coupon Payment                                                                     $          0.00
          3. Class A-3 Bond Coupon Payment                                                                     $          0.00
          4. Class A-4 Bond Coupon Payment                                                                     $          0.00
          5. Class A-5 Bond Coupon Payment                                                                     $          0.00
          6. Class A-6 Bond Coupon Payment                                                                     $          0.00
   ii.    QUARTERLY PRINCIPAL                                                                                  $          0.00
          1. Class A-1 Bond Principal Payment                                                                  $          0.00
          2. Class A-2 Bond Principal Payment                                                                  $          0.00
          3. Class A-3 Bond Principal Payment                                                                  $          0.00
          4. Class A-4 Bond Principal Payment                                                                  $          0.00
          5. Class A-5 Bond Principal Payment                                                                  $          0.00
          6. Class A-6 Bond Principal Payment                                                                  $          0.00

8. SHORTFALLS IN REQUIRED SUBACCOUNT LEVELS AS OF CURRENT PAYMENT DATE:
   i.     Overcollateralization Subaccount                                                                     $          0.00
   ii.    Capital Subaccount                                                                                   $          0.00
</TABLE>

IN WITNESS HEREOF, the undersigned has duly executed and delivered this
Quarterly Servicer's Certificate this 13th day of January, 2005.

Consumers Energy Company, as Servicer

by:      /s/ Glenn P. Barba
   ----------------------------------------
      Glenn P. Barba
      Vice President and Controller

                                   Page 3 of 3exv10w3w2

 

EXHIBIT 10.3.2

NEWFIELD EXPLORATION COMPANY

RESTRICTED STOCK AGREEMENT

      THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of February 12, 2003 and is
by and between Newfield Exploration Company (the “Company”) and                                         
(“Employee”).

      1. GRANT.

          (a) Restricted Shares. Pursuant to the Company’s 2000 Omnibus Stock Plan (as amended, the
“Plan”),                      shares of the Company’s common stock, par value $.01, will be issued in
Employee’s name subject to the Forfeiture Restrictions described in Section 2(a) below (the
“Restricted Shares”).

          (b) Plan Incorporated. Employee acknowledges receipt of a copy of the Plan and agrees that
the issuance of the Restricted Shares pursuant to this Agreement shall be subject to all of the
terms and provisions of the Plan (including any future amendments thereof), which terms and
provisions are incorporated herein for all purposes. Capitalized terms used but not defined in
this Agreement shall have the meanings ascribed to such terms in the Plan.

      2. RESTRICTIONS. Employee hereby accepts the Restricted Shares when issued and agrees
with respect thereto as follows:

          (a) Forfeiture Restrictions. Except as otherwise provided in Paragraphs V and IX of the Plan,
(i) the Restricted Shares shall not be sold, assigned, pledged, exchanged, hypothecated or
otherwise transferred or disposed of to the extent then subject to Forfeiture Restrictions and (ii)
if Employee’s employment with the Company and its subsidiaries is terminated for any reason
(including as described in the last sentence of Paragraph XI(b) of the Plan) other than the death
or permanent and total disability (within the meaning of section 22(e)(3) of the Code)
(“Disability”) of Employee, Employee shall, for no consideration, forfeit to the Company all
Restricted Shares to the extent then subject to Forfeiture Restrictions. The prohibition against
transfer and the obligation to forfeit and surrender shares to the Company upon termination of
employment are herein referred to as “Forfeiture Restrictions.” Forfeiture Restrictions shall be
binding upon and enforceable against any transferee of Restricted Shares.

          (b) Lapse of Forfeiture Restrictions—Death or Disability. If not previously forfeited,
Forfeiture Restrictions with respect to the Restricted Securities shall lapse upon the death or
Disability of Employee.

          (c) Lapse of Forfeiture Restrictions—Cliff Vesting. If not previously forfeited, Forfeiture
Restrictions with respect to the Restricted Securities shall lapse on January 31, 2012.

          (d) Lapse of Forfeiture Restrictions—Stockholder Return. If not previously forfeited,
Forfeiture Restrictions with respect to the Restricted Securities shall lapse in accordance with
the following schedule:

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Percentage of Restricted
	 	 	 	 	Shares Subject to
	 	 	 	 	Forfeiture Restrictions as
	 	 	 	 	to which Forfeiture
	Measurement period	 	TSR Rank	 	Restrictions Lapse
	36 Months Ending January 31, 2006

	 	Top 25%
	 	 	100	%
	

	 	Top 33.3%
	 	 	50	%
	

	 	Top 50%
	 	 	331/3	%
	

	 	50% or Below
	 	 	0	%
	 
	 	 	 	 	 	 
	48 Months Ending January 31, 2007

	 	Top 25%
	 	 	100	%
	

	 	Top 33.3%
	 	 	80	%
	

	 	Top 50%
	 	 	50	%
	

	 	50% or Below
	 	 	0	%
	60 Months Ending January 31, 2008

	 	Top 25%
	 	 	100	%
	72 Months Ending January 31, 2009

	 	Top 33.3%
	 	 	100	%
	90 Months Ending January 31, 2010

	 	Top 50%
	 	 	50	%
	102 Months Ending January 31, 2011

	 	50% or Below
	 	 	0	%

               (i) Forfeiture Restrictions shall lapse as of the February 1 immediately following the last
day of the applicable Measurement Period set forth in the schedule above with respect to that
percentage of the Restricted Shares that continue to be subject to Forfeiture Restrictions
corresponding to the highest TSR Rank (with Top 25% being the highest, Top 33.3% being the second
highest, etc.) applicable to the Company for such Measurement Period if the Committee certifies
that such TSR Rank has been achieved for such Measurement Period.

               (ii) “Initial Peer Group” means the following companies and their successors: Pogo Producing
Company, Noble Energy, Inc., Houston Exploration Co., Stone Energy Corporation, XTO Energy Inc.,
Westport Resources, CABOT Oil & Gas, EOG Resources, Inc., Forest Oil Corporation, Chesapeake Energy
Corporation, Swift Energy Company, St. Mary Land & Exploration Company, Pioneer Natural Resources,
Tom Brown Inc., Kerr-McGee Corporation, Apache Corporation, Burlington Resources Inc., Anadarko
Petroleum Corporation, Devon Energy Corporation and Murphy Oil Corporation and any other company or
companies designated in writing by the Committee from time to time.

               (iii) “Qualified Peer Company” means each company included in the Initial Peer Group that (A)
has been listed or traded on a national securities exchange or the Nasdaq National Market (or any
successor thereto) throughout the relevant Measurement Period and (B) has not at any time during
the relevant Measurement Period had a significant change in its capital structure or ownership as a
result of a merger, consolidation, recapitalization, reorganization or similar transaction such
that, in the discretion of the Committee, such company should no longer be considered a peer of the
Company.

               (iv) “Qualified Peer Group” means each Qualified Peer Company; provided that, if there are
more than 15 Qualified Peer Companies at the end of the relevant Measurement Period, then only the
first 15 Qualified Peer Companies (taken in order from the list of companies in the definition of
“Initial Peer Group” and then, if still less than 15, in the order designated by the Committee)
shall comprise the Qualified Peer Group for such Measurement Period.

2

 

               (v) “TSR Rank” means the result (expressed as a percentage) obtained by dividing (A) the
Company’s rank from one to one plus the number of companies comprising the Qualified Peer Group for
the relevant Measurement Period with the Company and each such other company ranked from best to
worst based on each such company’s Total Stockholder Return for such Measurement Period by (B) one
greater than the number of companies comprising the Qualified Peer Group for such Measurement
Period.

               (vi) “Total Stockholder—Return” for a particular Measurement Period means the rate of return
(expressed as a percentage) achieved with respect to the common stock of the Company and each
company in the Qualified Peer Group for such Measurement Period if (A) $100 were invested in the
common stock of each such company at the beginning of such Measurement Period based on the closing
price of the applicable common stock on January 31, 2003, (B) all dividends declared with respect
to a particular common stock during such Measurement Period are reinvested in such common stock as
of the payment date for such dividends (using the closing price for such common stock on such
payment date) and (C) the per share valuation of such common stock at the end of such Measurement
Period equals the closing price on the last trading day occurring on or before the last January 31
of such Measurement Period.

          (e) Certificates. A certificate evidencing the Restricted Shares will be issued by the
Company in Employee’s name, pursuant to which Employee shall have voting rights and receive
dividends. The certificate may bear a legend reciting or incorporating Forfeiture Restrictions and
any other legends the Company believes are appropriate, and the Company may cause the certificate
to be delivered upon issuance to the Secretary of the Company (or such other person as may be
designated by the Committee) as a depositary for safekeeping until Forfeiture Restrictions lapse or
forfeiture occurs pursuant to the terms of the Plan and this Agreement. At the Company’s request,
Employee shall execute and deliver a stock power, in blank, with respect to the Restricted Shares,
and the Company may exercise such stock power in the event of forfeiture. Upon the lapse of
Forfeiture Restrictions without forfeiture, the Company will cause a new certificate or
certificates to be issued without legend in the name of Employee.

      3. COMMUNITY INTEREST OF SPOUSE. The community interest, if any, of any spouse of
Employee in any of the Restricted Shares shall be subject to all of the terms, conditions and
restrictions of this Agreement and the Plan, and shall be forfeited and surrendered to the Company
upon the occurrence of any of the events requiring Employee’s interest in such Restricted Shares to
be so forfeited and surrendered pursuant to this Agreement.

      4. TAX ELECTION. If Employee makes the election authorized by section 83(b) of the
Internal Revenue Code of 1986, as amended, Employee shall submit to the Company a copy of the
statement filed by Employee to make such election.

      5. BINDING EFFECT. This Agreement shall be binding upon and inure to the benefit of
any successors to the Company and all persons lawfully claiming under Employee.

3

 

      IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an authorized
officer and Employee has executed this Agreement, all as of the date first above written.

	 	 	 	 	 
	 	NEWFIELD EXPLORATION COMPANY

 	 
	 	By:  	 	 
	 	 	David A. Trice 	 
	 	 	President and Chief Executive Officer 	 
	 
	 	 	 
	 	 	 
	 	[Employee] 	 
	 	 	 
	 

4

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