Document:

exv10w11

Exhibit
10.11

REVOLVING NOTE

	 	 	 	 	 
	Borrower’s Name:
	 	 	 	 
	 
	 	 	 	 
	Diodes Incorporated
	 	 	 	 
	Borrower’s Address:
	 	Office:	 	Loan Number: 

0080000000
	3050 East Hillcrest Drive
	 	30361	 	 
	Westlake Village, California 91362-3154

	 	Revolving Credit Commitment	 	Amount:
	 
	 	Termination  Date:	 	 
	 
	 	 	 	$22,500,000
	 
	 	August 29, 2008	 	 

	 	 	 	 	 	 	 
	Westlake Village, California

	 	$	22,500,000	 	 	March 28, 2008

FOR VALUE RECEIVED, on August 29, 2008 (the “Revolving Credit Commitment Termination Date”), the
undersigned (“Borrower”) promises to pay to the order of Union Bank of California, N.A., a national
banking association (“Bank”), as indicated below, the principal sum of Twenty-Two Million Five
Hundred Thousand Dollars ($22,500,000), or so much thereof as is disbursed, together with interest
on the balance of such principal from time to time outstanding, at the per annum rate or rates and
at the times set forth below. This Revolving Note (this “Note”) is the replacement Revolving Note
referred to in the Amended and Restated Credit Agreement (as such term is defined herein below) and
is governed by the terms and conditions thereof. Initially capitalized terms used herein which are
not otherwise defined shall have the meanings assigned to such terms in the Amended and Restated
Credit Agreement.

1. INTEREST PAYMENTS. Borrower shall pay interest on the outstanding principal amount hereof on
the first day of each month, commencing April 1, 2008. Should interest not be paid when due, it
shall become part of the principal and bear interest as herein provided. All computations of
interest under this Note shall be made on the basis of a year of 360 days, for actual days elapsed.

(a) Base Interest Rate. At Borrower’s option, amounts outstanding hereunder in minimum
amounts of at least $100,000 shall bear interest at a rate, based on an index selected by
Borrower, equal to Bank’s LIBOR Rate for the Interest Period selected by Borrower plus one
and fifteen one-hundredths percent (1.15%).

The Base Interest Rate may not be changed, altered or otherwise modified until the
expiration of the Interest Period selected by Borrower. The exercise of interest rate
options by Borrower shall be as recorded in Bank’s records, which records shall be
prima facie evidence of the amount borrowed at the Base Interest Rate and
the interest rate; provided, however, that failure of Bank to make any such notation in its
records shall not discharge Borrower from its obligations to repay in full with interest
all amounts borrowed. In no event shall any Interest Period extend beyond the Revolving
Credit Commitment Termination Date.

To exercise this option, Borrower may, from time to time with respect to principal
outstanding on which a Base Interest Rate is not accruing, and on the expiration of any
Interest Period with respect to principal outstanding on which a Base Interest Rate has
been accruing, select an index offered by Bank for a Base Interest Rate Loan and an
Interest Period by telephoning an authorized lending officer of Bank located at the banking
office identified below prior to 10:00 a.m., Pacific time, on any Business Day and advising
that officer of the selected index, the Interest Period and the Origination Date selected
(which Origination Date, for a Base Interest Rate Loan based on the LIBOR Rate, shall
follow the date of such selection by no more than two (2) Business Days).

 

 

Bank will mail a written confirmation of the terms of the selection to Borrower promptly
after the selection is made. Failure to send such confirmation shall not affect Bank’s
rights to collect interest at the rate selected. If, on the date of the selection, the
index selected is unavailable for any reason, the selection shall be void. Bank reserves
the right to fund the principal from any source of funds notwithstanding any Base Interest
Rate selected by Borrower.

(b) Variable Interest Rate. All principal outstanding hereunder which is not bearing
interest at a Base Interest Rate shall bear interest at a rate per annum equal to the
Reference Rate, which rate shall vary as and when the Reference Rate changes.

If any interest rate defined in this Note ceases to be available from Bank for any reason,
then said interest rate shall be replaced by the rate then offered by Bank, which, in the
sole discretion of Bank, most closely approximates the unavailable rate.

At any time prior to the Revolving Credit Commitment Termination Date, subject to the
provisions of paragraph 4 of this Note, Borrower may borrow, repay and reborrow hereon so
long as the total outstanding at any one time does not exceed the principal amount of this
Note. Borrower shall pay all amounts due under this Note in lawful money of the United
States at Bank’s San Fernando Valley Commercial Banking Office, or such other office as may
be designated by Bank from time to time.

2. LATE PAYMENTS. If any payment required by the terms of this Note shall remain unpaid ten days
after same is due, at the option of Bank, Borrower shall pay a fee of $100 to Bank.

3. INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the
extent permitted by law, interest shall be payable on the outstanding principal under this Note at
a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph
1.b above, calculated from the date of default until all amounts payable under this Note are paid
in full.

4. PREPAYMENT

(a) Amounts outstanding under this Note bearing interest at a rate based on the Reference
Rate may be prepaid in whole or in part at any time, without penalty or premium. Borrower
may prepay amounts outstanding under this Note bearing interest at a Base Interest Rate in
whole or in part provided Borrower has given Bank not less than five (5) Business Days’
prior written notice of Borrower’s intention to make such prepayment and pays to Bank the
prepayment fee due as a result. The prepayment fee shall also be paid, if Bank, for any
other reason, including acceleration or foreclosure, receives all or any portion of
principal bearing interest at a Base Interest Rate prior to its scheduled payment date.
The prepayment fee shall be an amount equal to the present value of the product of: (i) the
difference (but not less than zero) between (a) the Base Interest Rate applicable to the
principal amount which is being prepaid, and (b) the return which Bank could obtain if it
used the amount of such prepayment of principal to purchase at bid price regularly quoted
securities issued by the United States having a maturity date most closely coinciding with
the relevant Base Rate Maturity Date and such securities were held by Bank until the
relevant Base Rate Maturity Date (“Yield Rate”); (ii) a fraction, the numerator of which is
the number of days in the period between the date of prepayment and the relevant Base Rate
Maturity Date and the denominator of which is 360; and (iii) the amount of the principal so
prepaid (except in the event that principal payments are required and have been made as
scheduled under the terms of the Base Interest Rate Loan being prepaid, then an amount
equal to the lesser of (A) the amount prepaid or (B) 50% of the sum of (1) the amount
prepaid and (2) the amount of principal scheduled under the terms of the Base Interest Rate
Loan being prepaid to be outstanding at the relevant Base Rate Maturity Date). Present
value under this Note is determined by discounting the above product to present value using
the Yield Rate as the annual discount factor.

(b) In no event shall Bank be obligated to make any payment or refund to Borrower, nor
shall Borrower be entitled to any setoff or other claim against Bank, should the return
which Bank

 

 

could obtain under this prepayment formula exceed the interest that Bank would have
received if no prepayment had occurred. All prepayments shall include payment of accrued
interest on the principal amount so prepaid and shall be applied to payment of interest
before application to principal. A determination by Bank as to the prepayment fee amount,
if any, shall be conclusive.

(c) Bank shall provide Borrower a statement of the amount payable on account of prepayment.
Borrower acknowledges that (i) Bank establishes a Base Interest Rate upon the
understanding that it apply to the Base Interest Rate Loan for the entire Interest Period,
and (ii) Bank would not lend to Borrower without Borrower’s express agreement to pay Bank
the prepayment fee described above.

Initial
Here:      /s/ LPK     

5. DEFAULT AND ACCELERATION OF TIME FOR PAYMENT. Default shall mean the occurrence of an Event of
Default under and as defined in the Amended and Restated Credit Agreement. Upon the occurrence of
any such Event of Default, Bank, in its discretion, may cease to advance funds hereunder and may
declare any and all obligations under this Note immediately due and payable; provided, however,
that upon the occurrence of an Event of Default under subsection (d), (e) or (f) of Section 8.1 of
the Amended and Restated Credit Agreement, all principal and interest hereunder shall automatically
become immediately due and payable.

6. ADDITIONAL AGREEMENTS OF BORROWER. If any amounts owing under this Note are not paid when due,
Borrower promises to pay all costs and expenses, including reasonable attorneys’ fees, incurred by
Bank in the collection or enforcement of this Note. Borrower and any endorsers of this Note, for
the maximum period of time and the full extent permitted by law, (a) waive diligence, presentment,
demand, notice of nonpayment, protest, notice of protest, and notice of every kind; (b) waive the
right to assert the defense of any statute of limitations to any debt or obligation hereunder; and
(c) consent to renewals and extensions of time for the payment of any amounts due under this Note.
If this Note is signed by more than one party, the term “Borrower” includes each of the undersigned
and any successors in interest thereof; all of whose liability shall be joint and several. The
receipt of any check or other item of payment by Bank, at its option, shall not be considered a
payment on account until such check or other item of payment is honored when presented for payment
at the drawee Bank. Bank may delay the credit of such payment based upon Bank’s schedule of funds
availability, and interest under this Note shall accrue until the funds are deemed collected. In
any action brought under or arising out of this Note, Borrower and any Obligor, including their
successors and assigns, hereby consent to the jurisdiction of any competent court within the State
of California, as provided in any alternative dispute resolution agreement executed between
Borrower and Bank, and consent to service of process by any means authorized by said state’s law.
The term “Bank” includes, without limitation, any holder of this Note. This Note shall be
construed in accordance with and governed by the laws of the State of California. This Note hereby
incorporates any alternative dispute resolution agreement previously, concurrently or hereafter
executed between Borrower and Bank.

7. CHANGE IN CIRCUMSTANCES

(a) Inability to Determine Rates. If, on or before the first day of any Interest Period
for any Base Interest Rate Loan, Bank determines that the Base Interest Rate for such
Interest Period cannot be adequately and reasonably determined due to the unavailability of
funds in or other circumstances affecting the London interbank market, or the certificate
of deposit market, as the case may be, which determination by Bank shall be conclusive and
binding upon Borrower, Bank shall immediately give notice thereof to Borrower. After the
giving of any such notice and until Bank shall otherwise notify Borrower that the
circumstances giving rise to such condition no longer exist, Borrower’s right to request,
and Bank’s obligation to offer, a Base Interest Rate Loan shall be suspended. Any Base
Interest Rate Loan outstanding at the commencement of any such suspension which affects
Base Interest Rate Loans of that type, shall be converted at the end of the then current
Interest Period for that loan to a Reference Rate Loan unless such suspension has then
ended.

 

 

(b) Illegality. If, after the date of this Note, the adoption of any applicable law, rule
or regulation, or any change therein, or change in the interpretation or administration
thereof by any governmental authority, central bank, comparable agency or other Person
charged with the interpretation or administration thereof, or compliance by Bank with any
request or directive (whether or not having the force of law) of any such authority (a
“Change of Law”) shall make it unlawful or impossible for Bank to make or maintain a Base
Interest Rate Loan, Bank shall immediately notify Borrower of such Change of Law. After
Borrower’s receipt of such notice, Borrower’s right to select, and Bank’s obligation to
offer, a Base Interest Rate Loan shall be terminated, and the undersigned shall (i) at the
end of the current Interest Period for any Base Interest Rate Loan then outstanding,
convert such loan to a Reference Rate Loan, or (ii) immediately repay or convert any Base
Interest Rate Loan then outstanding if Bank shall notify Borrower that Bank may not
lawfully continue to fund and maintain such Base Interest Rate Loan.

(c) Increased Costs. If, after the date of this Note, any Change of Law:

(i) shall subject Bank to any tax, duty or other charge with respect to a Base
Interest Rate Loan or its obligation to make such Base Interest Rate Loan, or shall
change the basis of taxation of payments by Borrower to Bank on such Base Interest
Rate Loan or in respect to such Base Interest Rate Loan under this Note (except for
changes in the rate of taxation on the overall net income of Bank); or

(ii) shall impose, modify or hold applicable any reserve, special deposit or
similar requirement against assets held by, deposits or other liabilities in or for
the account of, advances or loans by, or any other acquisition of funds by Bank for
any Base Interest Rate Loan (except for any reserve, special deposit or other
requirement included in the determination of the Base Rate); or

(iii) shall impose on Bank any other condition directly related to any Base
Interest Rate Loan; and the effect of any of the foregoing is to increase the cost
to Bank of making, renewing or maintaining a Base Interest Rate Loan beyond any
adjustment made by Bank in determining the applicable interest rate for any such
Base Interest Rate Loan, or to reduce the amount receivable by Bank hereunder;

     then Borrower shall from time to time, upon demand by Bank, pay to Bank additional amounts
sufficient to reimburse Bank for such increased costs or reduced amounts. A certificate as to the
amount of such increased costs or reduced amounts, submitted to the Borrower by Bank, shall, in the
absence of manifest error, be conclusive and binding on Borrower for all purposes.

     (d) Capital Adequacy. If Bank shall determine that:

(i) any law, rule or regulation, any interpretation or application thereof by any
governmental authority, central bank, comparable agency or other Person charged
with the interpretation or administration thereof, any directive, request,
assessment guideline or other guideline issued by such authority, bank, agency or
Person (whether or not having the force of law) or any change in any of the
foregoing which is adopted, issued or becomes effective after the date hereof
affects the amount of capital required or expected to be maintained by Bank or any
Person controlling Bank (a “Capital Adequacy Requirement”); and

(ii) the amount of capital maintained by Bank or such Person which is attributable
to or based upon this Note or the amounts outstanding hereunder must be increased
as a result of such Capital Adequacy Requirement (taking into account Bank’s or
such Person’s policies with respect to capital adequacy), Borrower shall pay to
Bank or such Person, upon demand of Bank, such amounts as Bank or such Person shall
determine are necessary to compensate Bank or such Person for the increased costs
to Bank or such Person of such increased capital. A certificate of Bank, setting
forth in reasonable detail the computation

 

 

of any such increased costs, delivered by Bank to Borrower shall, in the absence of
manifest error, be conclusive and binding on Borrower for all purposes.

8. DEFINITIONS. As used herein, the following terms shall have the meanings respectively set forth
below: “Amended and Restated Credit Agreement” means that certain Amended and Restated Credit
Agreement dated as of February 27, 2003, by and between Borrower and Bank, as amended and as at any
time and from time to time further amended, supplemented, extended, restated or renewed. “Base
Interest Rate” means a rate of interest based on the LIBOR Rate. “Base Interest Rate Loan” means
amounts outstanding under this Note that bear interest at a Base Interest Rate. “Base Rate
Maturity Date” means the last day of the Interest Period with respect to principal outstanding
under a Base Interest Rate Loan. “Business Day” means a day on which Bank is open for business for
the funding of corporate loans, and, with respect to the rate of interest based on the LIBOR Rate,
on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank.
“Interest Period” means with respect to funds bearing interest at a rate based on the LIBOR Rate,
any calendar period of one (1) month, two (2) months, three (3) months, four (4) months, five (5)
months, six (6) months, nine (9) months or twelve (12) months. In determining an Interest Period,
a month means a period that starts on one Business Day in a month and ends on and includes the day
preceding the numerically corresponding day in the next month. For any month in which there is no
such numerically corresponding day, then as to that month, such day shall be deemed to be the last
calendar day of such month. Any Interest Period which would otherwise end on a non-Business Day
shall end on the next succeeding Business Day unless that is the first day of a month, in which
event such Interest Period shall end on the next preceding Business Day. “LIBOR Rate” means a per
annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar
deposits, in immediately available funds and in lawful money of the United States would be offered
to Bank, outside of the United States, for a term coinciding with the Interest Period selected by
Borrower and for an amount equal to the amount of principal covered by Borrower’s interest rate
selection, plus Bank’s costs, including the cost, if any, of reserve requirements. “Obligor” shall
mean Borrower and any guarantor, co-maker, endorser, or any Person other than Borrower providing
security for this Note under any security agreement, guaranty or other agreement between Bank and
such guarantor, co-maker, endorser or Person, including their successors and assigns. “Origination
Date” means the first day of the Interest Period. “Reference Rate” means the rate announced by
Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is
an index rate determined by Bank from time to time as a means of pricing certain extensions of
credit and is neither directly tied to any external rate of interest or index nor necessarily the
lowest rate of interest charged by Bank at any given time.

DIODES INCORPORATED

	 	 	 	 	 	 	 
	By:
	 	/s/ Larry P. Katz	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title:	 	     Reg. Controllerexv4w240

Exhibit 4-240

Executed in 93 Counterparts

of which this is Counterpart No.                     

 

THIRTY-NINTH

SUPPLEMENTAL INDENTURE

TO

INDENTURE OF MORTGAGE AND

DEED OF TRUST

DATED AS OF MARCH 1, 1944

 

AS RESTATED IN

PART II OF THE TWENTY-NINTH

SUPPLEMENTAL INDENTURE DATED AS OF JULY 15, 1989

WHICH BECAME EFFECTIVE ON APRIL 1, 1994

 

MICHIGAN CONSOLIDATED GAS COMPANY

TO

CITIBANK, N.A.,

TRUSTEE

DATED AS OF APRIL 1, 2008

 

CREATING THREE ISSUES OF FIRST MORTGAGE BONDS,

DESIGNATED AS

2008 SERIES A COLLATERAL BONDS

2008 SERIES B COLLATERAL BONDS

2008 SERIES C COLLATERAL BONDS

 

 

 

MICHIGAN CONSOLIDATED GAS COMPANY
 

THIRTY-NINTH SUPPLEMENTAL INDENTURE

DATED AS OF APRIL 1, 2008

SUPPLEMENTAL TO INDENTURE OF MORTGAGE

AND DEED OF TRUST

DATED AS OF MARCH 1, 1944 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE
	ARTICLE I ESTABLISHMENT OF AN ISSUE OF FIRST MORTGAGE BONDS, OF THE SERIES DESIGNATED AND
DISTINGUISHED AS “2008 SERIES A BONDS”
	 	 	4	 
	 
	 	 	 	 
	SECTION 1
	 	 	4	 
	SECTION 2
	 	 	10	 
	SECTION 3
	 	 	10	 
	SECTION 4
	 	 	10	 
	SECTION 5
	 	 	11	 
	 
	 	 	 	 
	ARTICLE II ESTABLISHMENT OF AN ISSUE OF FIRST MORTGAGE BONDS, OF THE SERIES DESIGNATED AND
DISTINGUISHED AS “2008 SERIES B BONDS”
	 	 	11	 
	 
	 	 	 	 
	SECTION 1
	 	 	11	 
	SECTION 2
	 	 	17	 
	SECTION 3
	 	 	17	 
	SECTION 4
	 	 	17	 
	SECTION 5
	 	 	18	 
	 
	 	 	 	 
	ARTICLE III ESTABLISHMENT OF AN ISSUE OF FIRST MORTGAGE BONDS, OF THE SERIES DESIGNATED AND
DISTINGUISHED AS “2008 SERIES C BONDS”
	 	 	18	 
	 
	 	 	 	 
	SECTION 1
	 	 	18	 
	SECTION 2
	 	 	24	 
	SECTION 3
	 	 	24	 
	SECTION 4
	 	 	24	 
	SECTION 5
	 	 	25	 
	 
	 	 	 	 
	ARTICLE IV ISSUE OF COLLATERAL BONDS
	 	 	25	 
	 
	 	 	 	 
	ARTICLE V THE TRUSTEE
	 	 	25	 
	 
	 	 	 	 
	ARTICLE VI RECORDING AND FILING OF SUPPLEMENTAL INDENTURE DATED AS OF OCTOBER 1, 2004
	 	 	26	 
	 
	 	 	 	 
	ARTICLE VII MISCELLANEOUS PROVISIONS
	 	 	27	 

2

 

     THIS THIRTY-NINTH SUPPLEMENTAL INDENTURE, dated as of the 1st day of April, 2008,
between MICHIGAN CONSOLIDATED GAS COMPANY, a corporation duly organized and existing under and by
virtue of the laws of the State of Michigan (hereinafter called the “Company”), having its
principal place of business at 2000 2nd Avenue, Detroit, Michigan, and CITIBANK, N.A., a
national banking association incorporated and existing under and by virtue of the laws of the
United States of America, having an office at 388 Greenwich Street in the Borough of Manhattan, the
City of New York, New York, as successor trustee (hereinafter with its predecessors as trustee
called the “Mortgage Trustee” or the “Trustee”):

     WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture of
Mortgage and Deed of Trust (the “Original Indenture”), dated as of March 1, 1944;

     WHEREAS, the Company has heretofore executed and delivered to the Trustee the Twenty-ninth
Supplemental Indenture, which became effective April 1, 1994, to provide for the modification and
restatement of the Original Indenture as previously amended (as so amended, supplemented and
modified the “Indenture”), and to secure the Company’s First Mortgage Bonds, unlimited in aggregate
principal amount except as therein otherwise provided, issued pursuant to the:

Thirtieth Supplemental Indenture, dated as of September 1, 1991;

Thirty-first Supplemental Indenture, dated as of December 15, 1991;

Thirty-second Supplemental Indenture, dated as of January 5, 1993;

Thirty-third Supplemental Indenture, dated as of May 1, 1995;

Thirty-fourth Supplemental Indenture, dated as of November 1, 1996;

Thirty-fifth Supplemental Indenture, dated as of June 18, 1998;

Thirty-sixth Supplemental Indenture, dated as of August 15, 2001;

Thirty-seventh Supplemental Indenture, dated as of February 15, 2003; and

Thirty-eighth Supplemental Indenture, dated as of October 1, 2004

     WHEREAS, at the date hereof there were outstanding First Mortgage Bonds of the Company issued
under the Indenture, of 6 series in the principal amounts set forth below (including Collateral
Bonds):

	 	 	 	 	 	 	 	 	 
	 	 	Amount	 	 	Amount	 
	Designation of Series	 	Initially Issued	 	 	Outstanding	 
	First Mortgage Bonds

(Secured Term Notes, Series B)

81/4% Series due 2014
	 	$	80,000,000	 	 	$	80,000,000	 
	 
	 	 	 	 	 	 	 	 
	First Mortgage Bonds

(Secured Medium-Term Notes, Series B)

7.06% Series due 2012
	 	$	40,000,000	 	 	$	40,000,000	 
	 
	 	 	 	 	 	 	 	 
	Collateral Bonds

(Remarketable Securities)

Collateral Series A
	 	$	75,000,000	 	 	$	75,000,000	 
	 
	Collateral
Bonds (Senior Notes)

	 	 	 	 	 	 	 	 
	
61/8% Collateral Bonds due 2008
	 	$	200,000,000	 	 	$	200,000,000	 
	5.70% Collateral Bonds due 2033
	 	$	200,000,000	 	 	$	200,000,000	 
	2004 Series E Collateral Bonds
	 	$	120,000,000	 	 	$	120,000,000	 

3

 

     WHEREAS, the Company desires in and by this Supplemental Indenture to establish three issues
of bonds to be issued under the Indenture of the series established under the Thirty-fifth
Supplemental Indenture, to designate the terms thereof, to specify the particulars necessary to
describe and define the same and to specify such other provisions and agreements in respect thereof
as are in the Indenture provided or permitted; and

     WHEREAS, all the conditions and requirements necessary to make this Supplemental Indenture,
when duly executed and delivered, a valid, binding and legal instrument in accordance with its
terms and for the purposes herein expressed, have been done, performed and fulfilled, and the
execution and delivery of this Supplemental Indenture in the form and with the terms hereof have
been in all respects duly authorized;

     NOW, THEREFORE, in consideration of the premises and in further consideration of the sum of
One Dollar in lawful money of the United States of America paid to the Company by the Trustee at or
before the execution and delivery of this Thirty-ninth Supplemental Indenture, the receipt whereof
is hereby acknowledged, and of other good and valuable consideration, it is agreed by and between
the Company and the Trustee as follows:

ARTICLE I

ESTABLISHMENT OF AN ISSUE OF

FIRST MORTGAGE BONDS, OF THE SERIES

DESIGNATED AND DISTINGUISHED AS “COLLATERAL BONDS”

     SECTION 1. There is hereby established an issue of bonds to be issued under and secured by the
Indenture, to be known as “First Mortgage Bonds,” designated and distinguished as “Collateral
Bonds” of the Company (herein collectively sometimes called the “Collateral Bonds”) of the series
established under the Thirty-fifth Supplemental Indenture. The Collateral Bonds may be issued
without limitation as to aggregate principal amount except as provided in the Indenture (including
the Thirty-fifth Supplemental Indenture) and in this Supplemental Indenture. The Collateral Bonds
shall be registered bonds without coupons and shall be dated as of the date of the authentication
thereof by the Mortgage Trustee.

     A separate issue of Collateral Bonds, designated “2008 Series A Collateral Bonds,” (the
“Series A Bonds”) is being issued by the Company hereunder contemporaneously with the issuance of a
separate series of senior debt securities of the Company designated as the Company’s “5.26% Senior
Notes, 2008 Series A due 2013” (the “Series A Notes”) and is being issued and assigned and
delivered to Citibank, N.A., as trustee (in such capacity, together with any successor trustee(s),
the “Senior Trustee”) under the Indenture, dated as of June 1, 1998, as amended, supplemented and
modified, governing such senior debt securities (as so amended, supplemented and modified, the
“Senior Indenture”), in such capacity, as collateral for the benefit
of the holders of the Series A Notes. The series of such senior debt securities
collateralized by

4

 

the Series A Bonds issued hereunder shall be referred to as the “Series A Notes”
with respect to such Series A Bonds.

     The issue of the Series A Bonds established hereby shall bear interest at such rate or rates
and be payable on such date or dates, shall mature and be subject to mandatory or optional
redemption on such date or dates and shall have such other terms and provisions not inconsistent
with the Indenture as are set forth in the form of Series A Bonds, and the form of Trustee’s
Certificate to be endorsed on such bonds, as are set forth substantially in the following forms
respectively (herein sometimes called the “Series A Bond Form”):

			
	 	 	 
	No. R-1
	 	Principal Amount

$60,000,000

MICHIGAN CONSOLIDATED GAS COMPANY

FIRST MORTGAGE BONDS, 2008 SERIES A COLLATERAL BONDS

being a series of

FIRST MORTGAGE BONDS

ORIGINAL ISSUE DATE: APRIL 11, 2008

MATURITY DATE: APRIL 15, 2013

THE FIRST MORTGAGE BONDS, 2008 SERIES A COLLATERAL BONDS (HEREINAFTER, “SERIES A BONDS”),
REPRESENTED BY THIS CERTIFICATE ARE BEING ISSUED AND DELIVERED BY THE COMPANY TO CITIBANK, N.A., AS
TRUSTEE (IN SUCH CAPACITY, THE “SENIOR TRUSTEE”) UNDER AN INDENTURE, DATED AS OF JUNE 1, 1998,
BETWEEN THE COMPANY AND THE SENIOR TRUSTEE, AS AMENDED, SUPPLEMENTED AND MODIFIED FROM TIME TO TIME
AND AS SUPPLEMENTED BY THE SUPPLEMENTAL INDENTURE THERETO DATED AS OF APRIL 1, 2008 (THE “NOTE
INDENTURE”) (AS SO AMENDED, SUPPLEMENTED AND MODIFIED, THE “SENIOR INDENTURE”). THE SERIES A BONDS
ARE TO BE HELD IN TRUST AS COLLATERAL FOR THE BENEFIT OF THE HOLDERS OF $60,000,000 AGGREGATE
PRINCIPAL AMOUNT OF 5.26% SENIOR NOTES, 2008 SERIES A DUE 2013 (THE “SERIES A NOTES”) ISSUED
PURSUANT TO THE SENIOR INDENTURE. THE SERIES A NOTES ARE THE “RELATED NOTES” WITH RESPECT TO THE
SERIES A BONDS WITHIN THE MEANING OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

THE SERIES A BONDS MAY NOT BE SOLD OR OTHERWISE TRANSFERRED (EXCEPT TO A SUCCESSOR TRUSTEE UNDER
THE SENIOR INDENTURE 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 SENIOR
INDENTURE) UNTIL THE EARLIER OF THE RELEASE DATE (AS DEFINED BELOW) OR THE PRIOR RETIREMENT OF THE
RELATED NOTES THROUGH REDEMPTION, REPURCHASE OR OTHERWISE.

5

 

THE INTEREST RATE ON THE SERIES A BONDS SHALL AT ALL TIMES BE IDENTICAL TO THAT OF, AND SHALL BE
ESTABLISHED IN THE MANNER SET FORTH IN, THE SERIES A NOTES.

THE INTEREST PAYMENT DATES IN RESPECT OF THE SERIES A BONDS SHALL AT ALL TIMES BE IDENTICAL TO
THOSE OF, AND SHALL BE ESTABLISHED IN THE MANNER SET FORTH IN, THE SERIES A NOTES.

THE COMPANY SHALL MAKE PAYMENTS OF THE PRINCIPAL OF, AND MAKE-WHOLE AMOUNT (AS DEFINED IN THE
SENIOR INDENTURE), IF ANY, AND INTEREST ON, THE SERIES A BONDS, TO THE SENIOR TRUSTEE, WHICH
PAYMENTS SHALL BE APPLIED BY THE SENIOR TRUSTEE TO THE SATISFACTION OF OBLIGATIONS ON THE SERIES A
NOTES.

IN ADDITION TO THE PAYMENT OF PRINCIPAL AND INTEREST ON THE SERIES A BONDS IN THE EVENT ANY
MAKE-WHOLE AMOUNT (AS DEFINED IN THE SENIOR INDENTURE) SHALL BE REQUIRED TO BE PAID BY THE COMPANY
ON THE SERIES A NOTES, THERE SHALL BE DUE AND PAYABLE ON THE SERIES A BONDS AN ADDITIONAL AMOUNT
EQUAL TO SUCH MAKE-WHOLE AMOUNT WHICH SHALL BE PAID BY THE COMPANY IN THE AMOUNTS AND ON THE DATES
REQUIRED FOR THE PAYMENT OF ANY SUCH AMOUNTS UNDER THE SENIOR INDENTURE.

THE MATURITY DATE SPECIFIED ABOVE IS ALSO THE MATURITY DATE OF THE SERIES A NOTES.

     MICHIGAN CONSOLIDATED GAS COMPANY (hereinafter called the “Company”), a corporation of the
State of Michigan, for value received, hereby promises to pay to CITIBANK, N.A., as trustee for the
benefit of the holders of the Series A Notes, or registered assigns (in such capacity, the “Senior
Trustee”), the sum of Sixty Million Dollars ($60,000,000) on the Maturity Date specified above, at
the corporate trust office of the Mortgage Trustee hereinafter named in the Borough of Manhattan,
the City of New York, New York, or at the principal office of any successor in trust, in lawful
money of the United States of America, and to pay interest thereon at the Interest Rate(s) from
time to time specified in or determined pursuant to the Series A Notes, in like lawful money
payable at the office or agency of the Company in the Borough of Manhattan, the City of New York,
New York on such interest payment date(s) and on the Maturity Date (each an “Interest Payment
Date”) as provided in the Series A Notes, from the Original Issue Date specified above or from the
most recent Interest Payment Date to which interest has been paid, commencing on October 15, 2008,
until the Company’s obligation with respect to the payment of such principal sum shall be
discharged as provided in the Indenture hereinafter mentioned and the Senior Indenture. If the
date of the Series A Bonds represented by this certificate is after a Record Date (as defined
below) with respect to any Interest Payment Date and prior to such Interest Payment Date, then
payment of interest shall commence on the second Interest Payment Date succeeding such date. If
the Company shall default in the payment of interest due on any Interest Payment Date, then
interest shall be payable from the next preceding Interest Payment Date to which interest has been
paid, or, if no such interest has been paid on the Series A Bonds represented by this certificate,
from the Original Issue Date. So long as there is no existing default in the payment of interest,
the person in whose name the Series A Bonds represented by this certificate were registered at the
close of business on the relevant Record Date with respect to an Interest Payment Date shall be
entitled to receive the interest payable on such Interest Payment Date, except that if the Company
shall default in the payment of interest due on such

6

 

Interest Payment Date, such defaulted interest shall be paid to the person in whose name the
Series A Bonds represented by this Certificate are registered on the Record Date for the Interest
Payment Date fixed by the Company for the payment of such defaulted interest, provided that in no
case shall such Record Date be less than ten days after notice thereof shall have been mailed to
all registered holders of Series A Bonds. The term “Record Date” as used herein with respect to
any Interest Payment Date otherwise shall mean the fifteenth calendar day (whether or not a
Business Day) prior to such Interest Payment Date.

     “Business Day” means any day other than a day on which banking institutions in the State of
New York or the State of Michigan are authorized or obligated pursuant to law or executive order to
close. In the event that any Interest Payment Date, redemption date or maturity date is not a
Business Day, then the required payment of principal, Make-Whole Amount, if any, and interest will
be made on the next succeeding day that is a Business Day (and without any interest or other
payment in respect of any such delay).

     The bonds represented by this certificate, of the series hereinafter specified, are bonds of
the Company (herein called the “bonds”) known as its “First Mortgage Bonds,” issued and to be
issued in one or more series under, and all equally and ratably secured by, an Indenture of
Mortgage and Deed of Trust dated as of March 1, 1944, duly executed by the Company to Citibank,
N.A., successor trustee (“Mortgage Trustee”) as restated in Part II of the Twenty-ninth
Supplemental Indenture dated as of July 15, 1989, which became effective on April 1, 1994, to which
indenture and all indentures supplemental thereto executed on and after July 15, 1989 reference is
hereby made for a description of the property mortgaged and pledged, the nature and extent of the
security, the terms and conditions upon which the bonds are, and are to be, issued and secured, and
the rights of the holders of the bonds and of the Mortgage Trustee in respect of such security
(which indenture and all indentures supplemental thereto, including the Thirty-ninth Supplemental
Indenture dated as of April 1, 2008, are hereinafter collectively called the “Indenture”). As
provided in the Indenture, the 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
therein provided. The bonds represented by this certificate are part of a Series designated
“Collateral Bonds,” herein called Collateral Bonds, created by the Thirty-fifth Supplemental
Indenture, dated as of June 18, 1998, as supplemented by the Thirty-ninth Supplemental Indenture
dated as of April 1, 2008, as provided for in the Indenture.

     With the consent of the Company and to the extent permitted by and as provided in the
Indenture and the Senior Indenture, the rights and obligations of the Company and/or the rights of
the holders of the Series A Bonds and/or the terms and provisions of the Indenture may be modified
or altered by such affirmative vote or votes of the holders of the Series A Notes then outstanding
as are specified in the Senior Indenture.

     The Collateral Bonds shall be redeemed if and to the extent Series A Notes are redeemed, as
provided in the Senior Indenture with respect to the Series A Notes and in the Series A Notes.

     In case an Event of Default as defined in the Indenture or the Senior Indenture shall occur,
the principal of the Series A Bonds may become or be declared due and payable in the manner, with
the effect, and subject to the conditions provided in the Indenture and the Senior Indenture.

7

 

     The Senior Trustee has agreed pursuant to the Senior Indenture to hold the Series A Bonds as
collateral for the benefit of the holders of the Series A Notes under all circumstances and not to
transfer (except to a successor trustee or, subject to compliance with applicable law, as may be
involved in the course of exercise of rights and remedies consequent upon an Event of Default under
the Senior Indenture) such Series A Bonds until the earlier of the Release Date or the prior
retirement of the Series A Notes through redemption, repurchase or otherwise. “Release Date” means
the date on which all First Mortgage Bonds of the Company issued and outstanding under the
Indenture, other than the Collateral Bonds, have been retired (at, before or after the maturity
thereof) through payment, redemption or otherwise provided that no default or event of default has
occurred and, at such time, is continuing under the Senior Indenture. On the Release Date, the
Senior Trustee shall deliver to the Company for cancellation all Series A Bonds, and the Company
shall cause the Senior Trustee to provide notice to all holders of Series A Notes of the occurrence
of the Release Date. As a result, on the Release Date, the Series A Bonds shall cease to secure
the Series A Notes and the Series A Notes instead will be secured by substituted Collateral Bonds.
Following the Release Date, the Company shall cause the Indenture to be closed, and the Company
shall not issue any additional Collateral Bonds thereunder. From and after the Release Date, the
Company’s obligations in respect of the Series A Bonds shall be satisfied and discharged.

     No recourse shall be had for the payment of the principal of, Make-Whole Amount, if any, or
the interest on, the Series A Bonds, or for any claim based hereon or otherwise in respect of the
Series A Bonds or the Indenture, the Senior Indenture or any indenture supplemental to either
thereof, against any incorporator, stockholder, director or officer, past, present or future, of
the Company, as such, or any predecessor or successor corporation, either directly or through the
Company or any such predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such
liability, whether at common law, in equity, by any constitution, statute or otherwise, of
incorporators, stockholders, directors or officers being waived and released by the owner hereof
and every owner of any Series A Note by the acceptance of the Series A Bonds or such Series A Note,
as the case may be, and as part of the consideration for the issue thereof, and being likewise
waived and released pursuant to the Indenture and the Senior Indenture.

     This bond shall not be valid or become obligatory for any purpose unless and until the
certificate of authentication hereon shall have been manually executed by the Mortgage Trustee or
its successor in trust under the Indenture.

     IN WITNESS WHEREOF, MICHIGAN CONSOLIDATED GAS COMPANY has caused this certificate to be
executed under its name with the signature of its duly authorized Officer, under its corporate
seal, which may be a facsimile, attested with the signature of its Corporate Secretary.

Dated:

	 	 	 	 	 	 	 
	 	 	MICHIGAN CONSOLIDATED GAS COMPANY  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	N.A. Khouri	 	 
	 

	 	 	 	Vice President and Treasurer	 	 

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Attest:

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Sandra Kay Ennis
	 	 
	 

	 	Corporate Secretary	 	 

     The bonds represented by this certificate constitute Collateral Bonds of the series designated
and described in the within-mentioned Indenture.

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A., as Mortgage Trustee
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Officer
	 	 

[End of Bond Form]

     So long as there is no existing default in the payment of interest on the Series A Bonds, all
Series A Bonds authenticated by the Trustee after the Record Date specified for any Interest
Payment Date, and prior to such Interest Payment Date (unless the issue date hereinafter specified
is after such Record Date) shall be dated the date of authentication, but shall bear interest from
such Interest Payment Date, and the person in whose name any Series A Bonds is registered at the
close of business on any Record Date with respect to any Interest Payment Date shall be entitled to
receive the interest payable on such Interest Payment Date notwithstanding any transfer or exchange
of such Series A Bonds subsequent to the Record Date and on or prior to such Interest Payment Date,
except if and to the extent the Company shall default in the payment of the interest due on such
Interest Payment Date, in which case such defaulted interest shall be paid to the person in whose
name such Series A Bonds is registered on the Record Date for the special Interest Payment Date
fixed by the Company for the payment of such defaulted interest, provided that in no case shall
such Record Date be less than ten days after notice thereof shall have been mailed to all
registered holders of Series A Bonds; and provided that interest payable on a maturity date shall
be payable to the person to whom the principal thereof is payable. If the issue date of any Series
A Bonds is after such Record Date, such Series A Bonds shall bear interest from the issue date but
payment of interest shall commence on the second Interest Payment Date next succeeding the issue
date. Any notice which is mailed as herein provided shall be conclusively presumed to have been
properly and sufficiently given on the date of such mailing, whether or not the holder receives
notice.

     The terms “Interest Payment Date”, “Record Date” and “Business Day” as used herein are defined
in the Series A Bond Form.

     The term “issue date” as used herein with respect to the issue of Series A Bonds established
hereby shall mean the date of first authentication of such Series A Bonds.

9

 

     As used in this Section 1, the term “default in the payment of interest” means failure to pay
interest on the applicable Interest Payment Date disregarding any period of grace permitted by
Section 9.01 of the Indenture.

     The Company shall make payments of the principal of, and Make-Whole Amount or interest on, the
Series A Bonds to the Senior Trustee, which payments shall be applied by the Senior Trustee in
satisfaction of obligations on the Series A Notes in respect of such Series A Bonds.

     SECTION 2. The issue of Series A Bonds established hereby shall be redeemed if and to the
extent the Series A Notes are redeemed, as provided in the Senior Indenture and in such Series A
Notes. The redemption price in respect of any Series A Bonds (including principal, Make-Whole
Amount, if any, and interest thereon) shall be the redemption price applicable to the Series A
Notes. Any notice required to be furnished to the holders of the Series A Bonds or the Trustee
relating to the redemption of such Series A Bonds shall be considered furnished by the delivery of
appropriate notice to the holders of the Series A Notes or the Senior Trustee, as the case may be,
as provided in the Senior Indenture and the Series A Notes. Any redemption payment made by the
Company on the Series A Notes (whether for principal, Make-Whole Amount, if any, or interest) shall
be applied by the Senior Trustee as payment of the redemption price in respect of the
correspondingly redeemed Series A Bonds. In the event the Series A Notes are redeemed in part, an
equivalent aggregate principal amount of the Series A Bonds shall be so redeemed, the Senior
Trustee, as holder of the Series A Bonds as collateral for such Series A Notes, shall deliver to
the Mortgage Trustee for cancellation an equivalent principal amount of the Series A Bonds
corresponding to the Series A Notes so redeemed, and the Company shall execute and the Mortgage
Trustee shall authenticate and deliver, without charge, to the Senior Trustee, as holder thereof,
one or more new Series A Bonds of authorized denominations for the unredeemed balance of any Series
A Bonds surrendered for redemption in connection with the redemption of the Series A Notes.

     SECTION 3. The Series A Bonds shall be registered bonds without coupons. The Mortgage Trustee
shall be the registrar and paying agent for the Series A Bonds, which duties it hereby accepts.
Series A Bonds may be issued in the denomination of $1,000 or any integral multiple thereof.

     SECTION 4. As further provided in the Series A Bond Form, the Series A Bonds shall not be
assignable or transferable except as may be set forth under Article IV of the Senior Indenture, 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 Senior Indenture. Subject to the
foregoing, the Series A Bonds shall be exchangeable upon surrender thereof at the corporate trust
office of the Trustee in the Borough of Manhattan, the City of New York, New York, for registered
bonds of the same aggregate principal amount and other terms, but of different authorized
denomination or denominations, such exchanges to be made without service charge (except for any
stamp tax or other governmental charge).

     Every bond so surrendered shall be accompanied by a proper transfer power duly executed by the
registered owner or by duly authorized attorney transferring such bond to the Company, and the
signature to such transfer power shall be guaranteed to the satisfaction of the Trustee. All bonds
so surrendered shall be forthwith canceled and delivered to or upon the order of the Company. All
bonds executed, authenticated and delivered in exchange for bonds so
surrendered shall be valid obligations of the Company, evidencing the same debt as the bonds

10

 

surrendered, and shall be secured by the same lien and be entitled to the same benefits and
protection as the bonds in exchange for which they are executed, authenticated and delivered.

     The Company shall not be required to make any such exchange or any registration of transfer
(1) during a period of fifteen days next preceding any Interest Payment Date, but only if there is
an existing default in the payment of interest on the Series A Bonds on which such payment is due
or (2) after the bond so presented for exchange or registration of transfer, or any portion
thereof, has been called for redemption and notice thereof given to the registered owner.

     SECTION 5. Pending the preparation of definitive Series A Bonds, the Company may from time to
time execute, and upon its written order, the Trustee shall authenticate and deliver, in lieu of
such definitive bonds and subject to the same provisions, limitations and conditions, one or more
temporary bonds, in registered form, of any denomination specified in the written order of the
Company for the authentication and delivery thereof, and with such omissions, insertions and
variations as may be determined by the Board of Directors of the Company. Such temporary bonds
shall be substantially of the tenor of the bonds to be issued as herein before recited.

     If any such temporary Series A Bonds shall at any time be so authenticated and delivered in
lieu of definitive bonds, the Company shall upon request at its own expense prepare, execute and
deliver to the Trustee and thereupon, upon the presentation and surrender of temporary bonds, the
Trustee shall authenticate and deliver in exchange therefor, without charge to the holder,
definitive bonds of the same series and other terms, if any, and for the same principal sum in the
aggregate as the temporary bonds surrendered. All temporary bonds so surrendered shall be
forthwith canceled by the Trustee and delivered to or upon the order of the Company. Until
exchanged for definitive bonds the temporary bonds shall in all respects be entitled to the lien
and security of the Indenture and all supplemental indentures.

ARTICLE II

ESTABLISHMENT OF AN ISSUE OF

FIRST MORTGAGE BONDS, OF THE SERIES

DESIGNATED AND DISTINGUISHED AS “COLLATERAL BONDS”

     SECTION 1. There is hereby established an issue of bonds to be issued under and secured by the
Indenture, to be known as “First Mortgage Bonds,” designated and distinguished as “Collateral
Bonds” of the Company (herein collectively sometimes called the “Collateral Bonds”) of the series
established under the Thirty-fifth Supplemental Indenture. The Collateral Bonds may be issued
without limitation as to aggregate principal amount except as provided in the Indenture (including
the Thirty-fifth Supplemental Indenture) and in this Supplemental Indenture. The Collateral Bonds
shall be registered bonds without coupons and shall be dated as of the date of the authentication
thereof by the Mortgage Trustee.

     A separate issue of Collateral Bonds, designated “2008 Series B Collateral Bonds,” (the
“Series B Bonds”) is being issued by the Company hereunder contemporaneously with the issuance of a
separate series of senior debt securities of the Company designated as the Company’s “6.04% Senior
Notes, 2008 Series B due 2018” (the “Series B Notes”) and is being issued and assigned and
delivered to Citibank, N.A., as trustee (in such capacity, together with any successor trustee(s),
the “Senior Trustee”) under the Indenture, dated as of June 1, 1998, as
amended, supplemented and modified, governing such senior debt securities (as so amended,
supplemented and modified, the “Senior Indenture”), in such capacity, as collateral for the benefit
of the holders of the Series B Notes. The series of such senior debt securities collateralized by

11

 

the Series B Bonds issued hereunder shall be referred to as the “Series B Notes” with respect to
such Series B Bonds.

     The issue of the Series B Bonds established hereby shall bear interest at such rate or rates
and be payable on such date or dates, shall mature and be subject to mandatory or optional
redemption on such date or dates and shall have such other terms and provisions not inconsistent
with the Indenture as are set forth in the form of Series B Bonds, and the form of Trustee’s
Certificate to be endorsed on such bonds, as are set forth substantially in the following forms
respectively (herein sometimes called the “Series B Bond Form”):

			
	 	 	 
	No. R-1
	 	Principal Amount

$100,000,000

MICHIGAN CONSOLIDATED GAS COMPANY

FIRST MORTGAGE BONDS, 2008 SERIES B COLLATERAL BONDS

being a series of

FIRST MORTGAGE BONDS

ORIGINAL ISSUE DATE: APRIL 11, 2008

MATURITY DATE: APRIL 15, 2018

THE FIRST MORTGAGE BONDS, 2008 SERIES B COLLATERAL BONDS (HEREINAFTER, “SERIES B BONDS”),
REPRESENTED BY THIS CERTIFICATE ARE BEING ISSUED AND DELIVERED BY THE COMPANY TO CITIBANK, N.A., AS
TRUSTEE (IN SUCH CAPACITY, THE “SENIOR TRUSTEE”) UNDER AN INDENTURE, DATED AS OF JUNE 1, 1998,
BETWEEN THE COMPANY AND THE SENIOR TRUSTEE, AS AMENDED, SUPPLEMENTED AND MODIFIED FROM TIME TO TIME
AND AS SUPPLEMENTED BY THE SUPPLEMENTAL INDENTURE THERETO DATED AS OF APRIL 1, 2008 (THE “NOTE
INDENTURE”) (AS SO AMENDED, SUPPLEMENTED AND MODIFIED, THE “SENIOR INDENTURE”). THE SERIES B BONDS
ARE TO BE HELD IN TRUST AS COLLATERAL FOR THE BENEFIT OF THE HOLDERS OF $100,000,000 AGGREGATE
PRINCIPAL AMOUNT OF 6.04% SENIOR NOTES, 2008 SERIES B DUE 2018 (THE “SERIES B NOTES”) ISSUED
PURSUANT TO THE SENIOR INDENTURE. THE SERIES B NOTES ARE THE “RELATED NOTES” WITH RESPECT TO THE
SERIES B BONDS WITHIN THE MEANING OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

THE SERIES B BONDS MAY NOT BE SOLD OR OTHERWISE TRANSFERRED (EXCEPT TO A SUCCESSOR TRUSTEE UNDER
THE SENIOR INDENTURE 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 SENIOR
INDENTURE) UNTIL THE EARLIER OF THE RELEASE DATE (AS DEFINED BELOW) OR THE PRIOR RETIREMENT OF THE
RELATED NOTES THROUGH REDEMPTION, REPURCHASE OR OTHERWISE.

12

 

THE INTEREST RATE ON THE SERIES B BONDS SHALL AT ALL TIMES BE IDENTICAL TO THAT OF, AND SHALL BE
ESTABLISHED IN THE MANNER SET FORTH IN, THE SERIES B NOTES.

THE INTEREST PAYMENT DATES IN RESPECT OF THE SERIES B BONDS SHALL AT ALL TIMES BE IDENTICAL TO
THOSE OF, AND SHALL BE ESTABLISHED IN THE MANNER SET FORTH IN, THE SERIES B NOTES.

THE COMPANY SHALL MAKE PAYMENTS OF THE PRINCIPAL OF, AND MAKE-WHOLE AMOUNT (AS DEFINED IN THE
SENIOR INDENTURE), IF ANY, AND INTEREST ON, THE SERIES B BONDS, TO THE SENIOR TRUSTEE, WHICH
PAYMENTS SHALL BE APPLIED BY THE SENIOR TRUSTEE TO THE SATISFACTION OF OBLIGATIONS ON THE SERIES B
NOTES.

IN ADDITION TO THE PAYMENT OF PRINCIPAL AND INTEREST ON THE SERIES B BONDS IN THE EVENT ANY
MAKE-WHOLE AMOUNT (AS DEFINED IN THE SENIOR INDENTURE) SHALL BE REQUIRED TO BE PAID BY THE COMPANY
ON THE SERIES B NOTES, THERE SHALL BE DUE AND PAYABLE ON THE SERIES B BONDS AN ADDITIONAL AMOUNT
EQUAL TO SUCH MAKE-WHOLE AMOUNT WHICH SHALL BE PAID BY THE COMPANY IN THE AMOUNTS AND ON THE DATES
REQUIRED FOR THE PAYMENT OF ANY SUCH AMOUNTS UNDER THE SENIOR INDENTURE.

THE MATURITY DATE SPECIFIED ABOVE IS ALSO THE MATURITY DATE OF THE SERIES B NOTES.

     MICHIGAN CONSOLIDATED GAS COMPANY (hereinafter called the “Company”), a corporation of the
State of Michigan, for value received, hereby promises to pay to CITIBANK, N.A., as trustee for the
benefit of the holders of the Series B Notes, or registered assigns (in such capacity, the “Senior
Trustee”), the sum of One Hundred Million Dollars ($100,000,000) on the Maturity Date specified
above, at the corporate trust office of the Mortgage Trustee hereinafter named in the Borough of
Manhattan, the City of New York, New York, or at the principal office of any successor in trust, in
lawful money of the United States of America, and to pay interest thereon at the Interest Rate(s)
from time to time specified in or determined pursuant to the Series B Notes, in like lawful money
payable at the office or agency of the Company in the Borough of Manhattan, the City of New York,
New York on such interest payment date(s) and on the Maturity Date (each an “Interest Payment
Date”) as provided in the Series B Notes, from the Original Issue Date specified above or from the
most recent Interest Payment Date to which interest has been paid, commencing on October 15, 2008,
until the Company’s obligation with respect to the payment of such principal sum shall be
discharged as provided in the Indenture hereinafter mentioned and the Senior Indenture. If the
date of the Series B Bonds represented by this certificate is after a Record Date (as defined
below) with respect to any Interest Payment Date and prior to such Interest Payment Date, then
payment of interest shall commence on the second Interest Payment Date succeeding such date. If
the Company shall default in the payment of interest due on any Interest Payment Date, then
interest shall be payable from the next preceding Interest Payment Date to which interest has been
paid, or, if no such interest has been paid on the Series B Bonds represented by this certificate,
from the Original Issue Date. So long as there is no existing default in the payment of interest,
the person in whose name the Series B Bonds represented by this certificate were registered at the
close of business on the relevant Record Date with respect to an Interest Payment Date shall be
entitled to receive the interest payable on such Interest Payment Date, except that if the Company
shall default in the payment of interest

13

 

due on such Interest Payment Date, such defaulted interest shall be paid to the person in
whose name the Series B Bonds represented by this Certificate are registered on the Record Date for
the Interest Payment Date fixed by the Company for the payment of such defaulted interest, provided
that in no case shall such Record Date be less than ten days after notice thereof shall have been
mailed to all registered holders of Series B Bonds. The term “Record Date” as used herein with
respect to any Interest Payment Date otherwise shall mean the fifteenth calendar day (whether or
not a Business Day) prior to such Interest Payment Date.

     “Business Day” means any day other than a day on which banking institutions in the State of
New York or the State of Michigan are authorized or obligated pursuant to law or executive order to
close. In the event that any Interest Payment Date, redemption date or maturity date is not a
Business Day, then the required payment of principal, Make-Whole Amount, if any, and interest will
be made on the next succeeding day that is a Business Day (and without any interest or other
payment in respect of any such delay).

     The bonds represented by this certificate, of the series hereinafter specified, are bonds of
the Company (herein called the “bonds”) known as its “First Mortgage Bonds,” issued and to be
issued in one or more series under, and all equally and ratably secured by, an Indenture of
Mortgage and Deed of Trust dated as of March 1, 1944, duly executed by the Company to Citibank,
N.A., successor trustee (“Mortgage Trustee”) as restated in Part II of the Twenty-ninth
Supplemental Indenture dated as of July 15, 1989, which became effective on April 1, 1994, to which
indenture and all indentures supplemental thereto executed on and after July 15, 1989 reference is
hereby made for a description of the property mortgaged and pledged, the nature and extent of the
security, the terms and conditions upon which the bonds are, and are to be, issued and secured, and
the rights of the holders of the bonds and of the Mortgage Trustee in respect of such security
(which indenture and all indentures supplemental thereto, including the Thirty-ninth Supplemental
Indenture dated as of April 1, 2008, are hereinafter collectively called the “Indenture”). As
provided in the Indenture, the 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
therein provided. The bonds represented by this certificate are part of a Series designated
“Collateral Bonds,” herein called Collateral Bonds, created by the Thirty-fifth Supplemental
Indenture, dated as of June 18, 1998, as supplemented by the Thirty-ninth Supplemental Indenture
dated as of April 1, 2008, as provided for in the Indenture.

     With the consent of the Company and to the extent permitted by and as provided in the
Indenture and the Senior Indenture, the rights and obligations of the Company and/or the rights of
the holders of the Series B Bonds and/or the terms and provisions of the Indenture may be modified
or altered by such affirmative vote or votes of the holders of the Series B Notes then outstanding
as are specified in the Senior Indenture.

     The Series A Bonds shall be redeemed if and to the extent Series B Notes are redeemed, as
provided in the Senior Indenture with respect to the Series B Notes and in the Series B Notes.

     In case an Event of Default as defined in the Indenture or the Senior Indenture shall occur,
the principal of the Series B Bonds may become or be declared due and payable in the manner, with
the effect, and subject to the conditions provided in the Indenture and the Senior Indenture.

14

 

     The Senior Trustee has agreed pursuant to the Senior Indenture to hold the Series B Bonds as
collateral for the benefit of the holders of the Series B Notes under all circumstances and not to
transfer (except to a successor trustee or, subject to compliance with applicable law, as may be
involved in the course of exercise of rights and remedies consequent upon an Event of Default under
the Senior Indenture) such Series B Bonds until the earlier of the Release Date or the prior
retirement of the Series B Notes through redemption, repurchase or otherwise. “Release Date” means
the date on which all First Mortgage Bonds of the Company issued and outstanding under the
Indenture, other than the Collateral Bonds, have been retired (at, before or after the maturity
thereof) through payment, redemption or otherwise provided that no default or event of default has
occurred and, at such time, is continuing under the Senior Indenture. On the Release Date, the
Senior Trustee shall deliver to the Company for cancellation all Series B Bonds, and the Company
shall cause the Senior Trustee to provide notice to all holders of Related Notes of the occurrence
of the Release Date. As a result, on the Release Date, the Series B Bonds shall cease to secure
the Series B Notes and the Series B Notes instead will be secured by substituted Collateral Bonds.
Following the Release Date, the Company shall cause the Indenture to be closed, and the Company
shall not issue any additional Collateral Bonds thereunder. From and after the Release Date, the
Company’s obligations in respect of the Series B Bonds shall be satisfied and discharged.

     No recourse shall be had for the payment of the principal of, Make-Whole Amount, if any, or
the interest on, the Series B Bonds, or for any claim based hereon or otherwise in respect of the
Series B Bonds or the Indenture, the Senior Indenture or any indenture supplemental to either
thereof, against any incorporator, stockholder, director or officer, past, present or future, of
the Company, as such, or any predecessor or successor corporation, either directly or through the
Company or any such predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such
liability, whether at common law, in equity, by any constitution, statute or otherwise, of
incorporators, stockholders, directors or officers being waived and released by the owner hereof
and every owner of any Series B Note by the acceptance of the Series B Bonds or such Series B Note,
as the case may be, and as part of the consideration for the issue thereof, and being likewise
waived and released pursuant to the Indenture and the Senior Indenture.

     This bond shall not be valid or become obligatory for any purpose unless and until the
certificate of authentication hereon shall have been manually executed by the Mortgage Trustee or
its successor in trust under the Indenture.

     IN WITNESS WHEREOF, MICHIGAN CONSOLIDATED GAS COMPANY has caused this certificate to be
executed under its name with the signature of its duly authorized Officer, under its corporate
seal, which may be a facsimile, attested with the signature of its Corporate Secretary.

Dated:

	 	 	 	 	 	 	 
	 	 	MICHIGAN CONSOLIDATED GAS COMPANY  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	N.A. Khouri	 	 
	 

	 	 	 	Vice President and Treasurer	 	 

15

 

Attest:

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Sandra Kay Ennis
	 	 
	 

	 	Corporate Secretary	 	 

     The bonds represented by this certificate constitute Collateral Bonds of the series designated
and described in the within-mentioned Indenture.

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A., as Mortgage Trustee  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Officer	 	 

[End of Bond Form]

     So long as there is no existing default in the payment of interest on the Series B Bonds, all
Series B Bonds authenticated by the Trustee after the Record Date specified for any Interest
Payment Date, and prior to such Interest Payment Date (unless the issue date hereinafter specified
is after such Record Date) shall be dated the date of authentication, but shall bear interest from
such Interest Payment Date, and the person in whose name any Series B Bonds is registered at the
close of business on any Record Date with respect to any Interest Payment Date shall be entitled to
receive the interest payable on such Interest Payment Date notwithstanding any transfer or exchange
of such Series B Bonds subsequent to the Record Date and on or prior to such Interest Payment Date,
except if and to the extent the Company shall default in the payment of the interest due on such
Interest Payment Date, in which case such defaulted interest shall be paid to the person in whose
name such Series B Bonds is registered on the Record Date for the special Interest Payment Date
fixed by the Company for the payment of such defaulted interest, provided that in no case shall
such Record Date be less than ten days after notice thereof shall have been mailed to all
registered holders of Series B Bonds; and provided that interest payable on a maturity date shall
be payable to the person to whom the principal thereof is payable. If the issue date of any Series
B Bonds is after such Record Date, such Series B Bonds shall bear interest from the issue date but
payment of interest shall commence on the second Interest Payment Date next succeeding the issue
date. Any notice which is mailed as herein provided shall be conclusively presumed to have been
properly and sufficiently given on the date of such mailing, whether or not the holder receives
notice.

     The terms “Interest Payment Date”, “Record Date” and “Business Day” as used herein are defined
in the Series B Bond Form.

     The term “issue date” as used herein with respect to the issue of Series B Bonds established
hereby shall mean the date of first authentication of such Series B Bonds.

16

 

     As used in this Section 1, the term “default in the payment of interest” means failure to pay
interest on the applicable Interest Payment Date disregarding any period of grace permitted by
Section 9.01 of the Indenture.

     The Company shall make payments of the principal of, and Make-Whole Amount or interest on, the
Series B Bonds to the Senior Trustee, which payments shall be applied by the Senior Trustee in
satisfaction of obligations on the Series B Notes in respect of such Series B Bonds

     SECTION 2. The issue of Series B Bonds established hereby shall be redeemed if and to the
extent the Series B Notes are redeemed, as provided in the Senior Indenture and in such Series B
Notes. The redemption price in respect of any Series B Bonds (including principal, Make-Whole
Amount, if any, and interest thereon) shall be the redemption price applicable to the Series B
Notes. Any notice required to be furnished to the holders of the Series B Bonds or the Trustee
relating to the redemption of such Series B Bonds shall be considered furnished by the delivery of
appropriate notice to the holders of the Series B Notes or the Senior Trustee, as the case may be,
as provided in the Senior Indenture and the Series B Notes. Any redemption payment made by the
Company on the Series B Notes (whether for principal, Make-Whole Amount, if any, or interest) shall
be applied by the Senior Trustee as payment of the redemption price in respect of the
correspondingly redeemed Series B Bonds. In the event the Series B Notes are redeemed in part, an
equivalent aggregate principal amount of the Series B Bonds shall be so redeemed, the Senior
Trustee, as holder of the Series B Bonds as collateral for such Series B Notes, shall deliver to
the Mortgage Trustee for cancellation an equivalent principal amount of the Series B Bonds
corresponding to the Series B Notes so redeemed, and the Company shall execute and the Mortgage
Trustee shall authenticate and deliver, without charge, to the Senior Trustee, as holder thereof,
one or more new Series B Bonds of authorized denominations for the unredeemed balance of any Series
B Bonds surrendered for redemption in connection with the redemption of the Series B Notes.

     SECTION 3. The Series B Bonds shall be registered bonds without coupons. The Mortgage Trustee
shall be the registrar and paying agent for the Series B Bonds, which duties it hereby accepts.
Series B Bonds may be issued in the denomination of $1,000 or any integral multiple thereof.

     SECTION 4. As further provided in the Series B Bond Form, the Series B Bonds shall not be
assignable or transferable except as may be set forth under Article IV of the Senior Indenture, 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 Senior Indenture. Subject to the
foregoing, the Series B Bonds shall be exchangeable upon surrender thereof at the corporate trust
office of the Trustee in the Borough of Manhattan, the City of New York, New York, for registered
bonds of the same aggregate principal amount and other terms, but of different authorized
denomination or denominations, such exchanges to be made without service charge (except for any
stamp tax or other governmental charge).

     Every bond so surrendered shall be accompanied by a proper transfer power duly executed by the
registered owner or by duly authorized attorney transferring such bond to the Company, and the
signature to such transfer power shall be guaranteed to the satisfaction of the Trustee. All bonds
so surrendered shall be forthwith canceled and delivered to or upon the order of the Company. All
bonds executed, authenticated and delivered in exchange for bonds so
surrendered shall be valid obligations of the Company, evidencing the same debt as the bonds

17

 

surrendered, and shall be secured by the same lien and be entitled to the same benefits and
protection as the bonds in exchange for which they are executed, authenticated and delivered.

     The Company shall not be required to make any such exchange or any registration of transfer
(1) during a period of fifteen days next preceding any Interest Payment Date, but only if there is
an existing default in the payment of interest on the Series B Bonds on which such payment is due
or (2) after the bond so presented for exchange or registration of transfer, or any portion
thereof, has been called for redemption and notice thereof given to the registered owner.

     SECTION 5. Pending the preparation of definitive Series B Bonds, the Company may from time to
time execute, and upon its written order, the Trustee shall authenticate and deliver, in lieu of
such definitive bonds and subject to the same provisions, limitations and conditions, one or more
temporary bonds, in registered form, of any denomination specified in the written order of the
Company for the authentication and delivery thereof, and with such omissions, insertions and
variations as may be determined by the Board of Directors of the Company. Such temporary bonds
shall be substantially of the tenor of the bonds to be issued as herein before recited.

     If any such temporary Series B Bonds shall at any time be so authenticated and delivered in
lieu of definitive bonds, the Company shall upon request at its own expense prepare, execute and
deliver to the Trustee and thereupon, upon the presentation and surrender of temporary bonds, the
Trustee shall authenticate and deliver in exchange therefore, without charge to the holder,
definitive bonds of the same series and other terms, if any, and for the same principal sum in the
aggregate as the temporary bonds surrendered. All temporary bonds so surrendered shall be
forthwith canceled by the Trustee and delivered to or upon the order of the Company. Until
exchanged for definitive bonds the temporary bonds shall in all respects be entitled to the lien
and security of the Indenture and all supplemental indentures.

ARTICLE III

ESTABLISHMENT OF AN ISSUE OF

FIRST MORTGAGE BONDS, OF THE SERIES

DESIGNATED AND DISTINGUISHED AS “COLLATERAL BONDS”

     SECTION 1. There is hereby established an issue of bonds to be issued under and secured by the
Indenture, to be known as “First Mortgage Bonds,” designated and distinguished as “Collateral
Bonds” of the Company (herein collectively sometimes called the “Collateral Bonds”) of the series
established under the Thirty-fifth Supplemental Indenture. The Collateral Bonds may be issued
without limitation as to aggregate principal amount except as provided in the Indenture (including
the Thirty-fifth Supplemental Indenture) and in this Supplemental Indenture. The Collateral Bonds
shall be registered bonds without coupons and shall be dated as of the date of the authentication
thereof by the Mortgage Trustee.

     A separate issue of Collateral Bonds, designated “2008 Series C Collateral Bonds,” (the
“Series C Bonds”) is being issued by the Company hereunder contemporaneously with the issuance of a
separate series of senior debt securities of the Company designated as the Company’s “6.44% Senior
Notes, 2008 Series C due 2023” (the “Series C Notes”) and is being issued and assigned and
delivered to Citibank, N.A., as trustee (in such capacity, together with any successor trustee(s),
the “Senior Trustee”) under the Indenture, dated as of June 1, 1998, as
amended, supplemented and modified, governing such senior debt securities (as so amended,
supplemented and modified, the “Senior Indenture”), in such capacity, as collateral for the benefit
of the holders of the Series C Notes. The series of such senior debt securities collateralized by

18

 

the Series C Bonds issued hereunder shall be referred to as the “Series C Notes” with respect to
such Series C Bonds.

     The issue of the Series C Bonds established hereby shall bear interest at such rate or rates
and be payable on such date or dates, shall mature and be subject to mandatory or optional
redemption on such date or dates and shall have such other terms and provisions not inconsistent
with the Indenture as are set forth in the form of Series C Bonds, and the form of Trustee’s
Certificate to be endorsed on such bonds, as are set forth substantially in the following forms
respectively (herein sometimes called the “Series C Bond Form”):

			
	 	 	 
	No. R-1
	 	Principal Amount

$25,000,000

MICHIGAN CONSOLIDATED GAS COMPANY

FIRST MORTGAGE BONDS, 2008 SERIES C COLLATERAL BONDS

being a series of

FIRST MORTGAGE BONDS

ORIGINAL ISSUE DATE: APRIL 11, 2008

MATURITY DATE: APRIL 15, 2023

THE FIRST MORTGAGE BONDS, 2008 SERIES C COLLATERAL BONDS (HEREINAFTER, “SERIES C BONDS”),
REPRESENTED BY THIS CERTIFICATE ARE BEING ISSUED AND DELIVERED BY THE COMPANY TO CITIBANK, N.A., AS
TRUSTEE (IN SUCH CAPACITY, THE “SENIOR TRUSTEE”) UNDER AN INDENTURE, DATED AS OF JUNE 1, 1998,
BETWEEN THE COMPANY AND THE SENIOR TRUSTEE, AS AMENDED, SUPPLEMENTED AND MODIFIED FROM TIME TO TIME
AND AS SUPPLEMENTED BY THE SUPPLEMENTAL INDENTURE THERETO DATED AS OF APRIL 1, 2008 (THE “NOTE
INDENTURE”) (AS SO AMENDED, SUPPLEMENTED AND MODIFIED, THE “SENIOR INDENTURE”). THE SERIES C BONDS
ARE TO BE HELD IN TRUST AS COLLATERAL FOR THE BENEFIT OF THE HOLDERS OF $25,000,000 AGGREGATE
PRINCIPAL AMOUNT OF 6.44% SENIOR NOTES, 2008 SERIES C DUE 2023 (THE “SERIES C NOTES”) ISSUED
PURSUANT TO THE SENIOR INDENTURE. THE SERIES C NOTES ARE THE “RELATED NOTES” WITH RESPECT TO THE
SERIES C BONDS WITHIN THE MEANING OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

THE SERIES C BONDS MAY NOT BE SOLD OR OTHERWISE TRANSFERRED (EXCEPT TO A SUCCESSOR TRUSTEE UNDER
THE SENIOR INDENTURE 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 SENIOR
INDENTURE) UNTIL THE EARLIER OF THE RELEASE DATE (AS DEFINED BELOW) OR THE PRIOR RETIREMENT OF THE
RELATED NOTES THROUGH REDEMPTION, REPURCHASE OR OTHERWISE.

19

 

THE INTEREST RATE ON THE SERIES C BONDS SHALL AT ALL TIMES BE IDENTICAL TO THAT OF, AND SHALL BE
ESTABLISHED IN THE MANNER SET FORTH IN, THE SERIES C NOTES.

THE INTEREST PAYMENT DATES IN RESPECT OF THE SERIES C BONDS SHALL AT ALL TIMES BE IDENTICAL TO
THOSE OF, AND SHALL BE ESTABLISHED IN THE MANNER SET FORTH IN, THE SERIES C NOTES.

THE COMPANY SHALL MAKE PAYMENTS OF THE PRINCIPAL OF, AND MAKE-WHOLE AMOUNT (AS DEFINED IN THE
SENIOR INDENTURE), IF ANY, AND INTEREST ON, THE SERIES C BONDS, TO THE SENIOR TRUSTEE, WHICH
PAYMENTS SHALL BE APPLIED BY THE SENIOR TRUSTEE TO THE SATISFACTION OF OBLIGATIONS ON THE SERIES C
NOTES.

IN ADDITION TO THE PAYMENT OF PRINCIPAL AND INTEREST ON THE SERIES C BONDS IN THE EVENT ANY
MAKE-WHOLE AMOUNT (AS DEFINED IN THE SENIOR INDENTURE) SHALL BE REQUIRED TO BE PAID BY THE COMPANY
ON THE SERIES C NOTES, THERE SHALL BE DUE AND PAYABLE ON THE SERIES C BONDS AN ADDITIONAL AMOUNT
EQUAL TO SUCH MAKE-WHOLE AMOUNT WHICH SHALL BE PAID BY THE COMPANY IN THE AMOUNTS AND ON THE DATES
REQUIRED FOR THE PAYMENT OF ANY SUCH AMOUNTS UNDER THE SENIOR INDENTURE.

THE MATURITY DATE SPECIFIED ABOVE IS ALSO THE MATURITY DATE OF THE SERIES C NOTES.

     MICHIGAN CONSOLIDATED GAS COMPANY (hereinafter called the “Company”), a corporation of the
State of Michigan, for value received, hereby promises to pay to CITIBANK, N.A., as trustee for the
benefit of the holders of the Series C Notes, or registered assigns (in such capacity, the “Senior
Trustee”), the sum of Twenty Five Million Dollars ($25,000,000) on the Maturity Date specified
above, at the corporate trust office of the Mortgage Trustee hereinafter named in the Borough of
Manhattan, the City of New York, New York, or at the principal office of any successor in trust, in
lawful money of the United States of America, and to pay interest thereon at the Interest Rate(s)
from time to time specified in or determined pursuant to the Series C Notes, in like lawful money
payable at the office or agency of the Company in the Borough of Manhattan, the City of New York,
New York on such interest payment date(s) and on the Maturity Date (each an “Interest Payment
Date”) as provided in the Series C Notes, from the Original Issue Date specified above or from the
most recent Interest Payment Date to which interest has been paid, commencing on October 15, 2008,
until the Company’s obligation with respect to the payment of such principal sum shall be
discharged as provided in the Indenture hereinafter mentioned and the Senior Indenture. If the
date of the Series C Bonds represented by this certificate is after a Record Date (as defined
below) with respect to any Interest Payment Date and prior to such Interest Payment Date, then
payment of interest shall commence on the second Interest Payment Date succeeding such date. If
the Company shall default in the payment of interest due on any Interest Payment Date, then
interest shall be payable from the next preceding Interest Payment Date to which interest has been
paid, or, if no such interest has been paid on the Series C Bonds represented by this certificate,
from the Original Issue Date. So long as there is no existing default in the payment of interest,
the person in whose name the Series C Bonds represented by this certificate were registered at the
close of business on the relevant Record Date with respect to an Interest Payment Date shall be
entitled to receive the interest payable on such Interest Payment Date, except that if the Company
shall default in the payment of interest

20

 

due on such Interest Payment Date, such defaulted interest shall be paid to the person in
whose name the Series C Bonds represented by this Certificate are registered on the Record Date for
the Interest Payment Date fixed by the Company for the payment of such defaulted interest, provided
that in no case shall such Record Date be less than ten days after notice thereof shall have been
mailed to all registered holders of Series C Bonds. The term “Record Date” as used herein with
respect to any Interest Payment Date otherwise shall mean the fifteenth calendar day (whether or
not a Business Day) prior to such Interest Payment Date.

     “Business Day” means any day other than a day on which banking institutions in the State of
New York or the State of Michigan are authorized or obligated pursuant to law or executive order to
close. In the event that any Interest Payment Date, redemption date or maturity date is not a
Business Day, then the required payment of principal, Make-Whole Amount, if any, and interest will
be made on the next succeeding day that is a Business Day (and without any interest or other
payment in respect of any such delay).

     The bonds represented by this certificate, of the series hereinafter specified, are bonds of
the Company (herein called the “bonds”) known as its “First Mortgage Bonds,” issued and to be
issued in one or more series under, and all equally and ratably secured by, an Indenture of
Mortgage and Deed of Trust dated as of March 1, 1944, duly executed by the Company to Citibank,
N.A., successor trustee (“Mortgage Trustee”) as restated in Part II of the Twenty-ninth
Supplemental Indenture dated as of July 15, 1989, which became effective on April 1, 1994, to which
indenture and all indentures supplemental thereto executed on and after July 15, 1989 reference is
hereby made for a description of the property mortgaged and pledged, the nature and extent of the
security, the terms and conditions upon which the bonds are, and are to be, issued and secured, and
the rights of the holders of the bonds and of the Mortgage Trustee in respect of such security
(which indenture and all indentures supplemental thereto, including the Thirty-ninth Supplemental
Indenture dated as of April 1, 2008, are hereinafter collectively called the “Indenture”). As
provided in the Indenture, the 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
therein provided. The bonds represented by this certificate are part of a Series designated
“Collateral Bonds,” herein called Collateral Bonds, created by the Thirty-fifth Supplemental
Indenture, dated as of June 18, 1998, as supplemented by the Thirty-ninth Supplemental Indenture
dated as of April 1, 2008, as provided for in the Indenture.

     With the consent of the Company and to the extent permitted by and as provided in the
Indenture and the Senior Indenture, the rights and obligations of the Company and/or the rights of
the holders of the Series C Bonds and/or the terms and provisions of the Indenture may be modified
or altered by such affirmative vote or votes of the holders of the Series C Notes then outstanding
as are specified in the Senior Indenture.

     The Series C Bonds shall be redeemed if and to the extent Series C Notes are redeemed, as
provided in the Senior Indenture with respect to the Series C Notes and in the Series C Notes.

     In case an Event of Default as defined in the Indenture or the Senior Indenture shall occur,
the principal of the Series C Bonds may become or be declared due and payable in the manner, with
the effect, and subject to the conditions provided in the Indenture and the Senior Indenture.

21

 

     The Senior Trustee has agreed pursuant to the Senior Indenture to hold the Series C Bonds as
collateral for the benefit of the holders of the Series C Notes under all circumstances and not to
transfer (except to a successor trustee or, subject to compliance with applicable law, as may be
involved in the course of exercise of rights and remedies consequent upon an Event of Default under
the Senior Indenture) such Series C Bonds until the earlier of the Release Date or the prior
retirement of the Series C Notes through redemption, repurchase or otherwise. “Release Date” means
the date on which all First Mortgage Bonds of the Company issued and outstanding under the
Indenture, other than the Collateral Bonds , have been retired (at, before or after the maturity
thereof) through payment, redemption or otherwise provided that no default or event of default has
occurred and, at such time, is continuing under the Senior Indenture. On the Release Date, the
Senior Trustee shall deliver to the Company for cancellation all Series C Bonds, and the Company
shall cause the Senior Trustee to provide notice to all holders of Series C Notes of the occurrence
of the Release Date. As a result, on the Release Date, the Series C Bonds shall cease to secure
the Series C Notes and the Series C Notes instead will be secured by substituted Collateral Bonds.
Following the Release Date, the Company shall cause the Indenture to be closed, and the Company
shall not issue any additional Collateral Bonds thereunder. From and after the Release Date, the
Company’s obligations in respect of the Series C Bonds shall be satisfied and discharged.

     No recourse shall be had for the payment of the principal of, Make-Whole Amount, if any, or
the interest on, the Series C Bonds, or for any claim based hereon or otherwise in respect of the
Series C Bonds or the Indenture, the Senior Indenture or any indenture supplemental to either
thereof, against any incorporator, stockholder, director or officer, past, present or future, of
the Company, as such, or any predecessor or successor corporation, either directly or through the
Company or any such predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such
liability, whether at common law, in equity, by any constitution, statute or otherwise, of
incorporators, stockholders, directors or officers being waived and released by the owner hereof
and every owner of any Series C Note by the acceptance of the Series C Bonds or such Series C Note,
as the case may be, and as part of the consideration for the issue thereof, and being likewise
waived and released pursuant to the Indenture and the Senior Indenture.

     This bond shall not be valid or become obligatory for any purpose unless and until the
certificate of authentication hereon shall have been manually executed by the Mortgage Trustee or
its successor in trust under the Indenture.

     IN WITNESS WHEREOF, MICHIGAN CONSOLIDATED GAS COMPANY has caused this certificate to be
executed under its name with the signature of its duly authorized Officer, under its corporate
seal, which may be a facsimile, attested with the signature of its Corporate Secretary.

Dated:

	 	 	 	 	 	 	 
	 	 	MICHIGAN CONSOLIDATED GAS COMPANY  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	N.A. Khouri	 	 
	 

	 	 	 	Vice President and Treasurer	 	 

22

 

Attest:

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Sandra Kay Ennis
	 	 
	 

	 	Corporate Secretary	 	 

     The bonds represented by this certificate constitute Collateral Bonds of the series designated
and described in the within-mentioned Indenture.

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A., as Mortgage Trustee  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Officer	 	 

[End of Bond Form]

     So long as there is no existing default in the payment of interest on the Series C Bonds, all
Series C Bonds authenticated by the Trustee after the Record Date specified for any Interest
Payment Date, and prior to such Interest Payment Date (unless the issue date hereinafter specified
is after such Record Date) shall be dated the date of authentication, but shall bear interest from
such Interest Payment Date, and the person in whose name any Series C Bonds is registered at the
close of business on any Record Date with respect to any Interest Payment Date shall be entitled to
receive the interest payable on such Interest Payment Date notwithstanding any transfer or exchange
of such Series C Bonds subsequent to the Record Date and on or prior to such Interest Payment Date,
except if and to the extent the Company shall default in the payment of the interest due on such
Interest Payment Date, in which case such defaulted interest shall be paid to the person in whose
name such Series C Bonds is registered on the Record Date for the special Interest Payment Date
fixed by the Company for the payment of such defaulted interest, provided that in no case shall
such Record Date be less than ten days after notice thereof shall have been mailed to all
registered holders of Series C Bonds; and provided that interest payable on a maturity date shall
be payable to the person to whom the principal thereof is payable. If the issue date of any Series
C Bonds is after such Record Date, such Series C Bonds shall bear interest from the issue date but
payment of interest shall commence on the second Interest Payment Date next succeeding the issue
date. Any notice which is mailed as herein provided shall be conclusively presumed to have been
properly and sufficiently given on the date of such mailing, whether or not the holder receives
notice.

     The terms “Interest Payment Date”, “Record Date” and “Business Day” as used herein are defined
in the Series C Bond Form.

     The term “issue date” as used herein with respect to the issue of Series C Bonds established
hereby shall mean the date of first authentication of such Series C Bonds.

23

 

     As used in this Section 1, the term “default in the payment of interest” means failure to pay
interest on the applicable Interest Payment Date disregarding any period of grace permitted by
Section 9.01 of the Indenture.

     The Company shall make payments of the principal of, and Make-Whole Amount or interest on, the
Series C Bonds to the Senior Trustee, which payments shall be applied by the Senior Trustee in
satisfaction of obligations on the Series C Notes in respect of such Series C Bonds

     SECTION 2. The issue of Series C Bonds established hereby shall be redeemed if and to the
extent the Series C Notes are redeemed, as provided in the Senior Indenture and in such Series C
Notes. The redemption price in respect of any Series C Bonds (including principal, Make-Whole
Amount, if any, and interest thereon) shall be the redemption price applicable to the Series C
Notes. Any notice required to be furnished to the holders of the Series C Bonds or the Trustee
relating to the redemption of such Series C Bonds shall be considered furnished by the delivery of
appropriate notice to the holders of the Series C Notes or the Senior Trustee, as the case may be,
as provided in the Senior Indenture and the Series C Notes. Any redemption payment made by the
Company on the Series C Notes (whether for principal, Make-Whole Amount, if any, or interest) shall
be applied by the Senior Trustee as payment of the redemption price in respect of the
correspondingly redeemed Series C Bonds. In the event the Series C Notes are redeemed in part, an
equivalent aggregate principal amount of the Series C Bonds shall be so redeemed, the Senior
Trustee, as holder of the Series C Bonds as collateral for such Series C Notes, shall deliver to
the Mortgage Trustee for cancellation an equivalent principal amount of the Series C Bonds
corresponding to the Series C Notes so redeemed, and the Company shall execute and the Mortgage
Trustee shall authenticate and deliver, without charge, to the Senior Trustee, as holder thereof,
one or more new Series C Bonds of authorized denominations for the unredeemed balance of any Series
C Bonds surrendered for redemption in connection with the redemption of the Series C Notes.

     SECTION 3. The Series C Bonds shall be registered bonds without coupons. The Mortgage Trustee
shall be the registrar and paying agent for the Series C Bonds, which duties it hereby accepts.
Series C Bonds may be issued in the denomination of $1,000 or any integral multiple thereof.

     SECTION 4. As further provided in the Series C Bond Form, the Series C Bonds shall not be
assignable or transferable except as may be set forth under Article IV of the Senior Indenture, 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 Senior Indenture. Subject to the
foregoing, the Series C Bonds shall be exchangeable upon surrender thereof at the corporate trust
office of the Trustee in the Borough of Manhattan, the City of New York, New York, for registered
bonds of the same aggregate principal amount and other terms, but of different authorized
denomination or denominations, such exchanges to be made without service charge (except for any
stamp tax or other governmental charge).

     Every bond so surrendered shall be accompanied by a proper transfer power duly executed by the
registered owner or by duly authorized attorney transferring such bond to the Company, and the
signature to such transfer power shall be guaranteed to the satisfaction of the Trustee. All bonds
so surrendered shall be forthwith canceled and delivered to or upon the order of the Company. All
bonds executed, authenticated and delivered in exchange for bonds so
surrendered shall be valid obligations of the Company, evidencing the same debt as the bonds

24

 

surrendered, and shall be secured by the same lien and be entitled to the same benefits and
protection as the bonds in exchange for which they are executed, authenticated and delivered.

     The Company shall not be required to make any such exchange or any registration of transfer
(1) during a period of fifteen days next preceding any Interest Payment Date, but only if there is
an existing default in the payment of interest on the Series C Bonds on which such payment is due
or (2) after the bond so presented for exchange or registration of transfer, or any portion
thereof, has been called for redemption and notice thereof given to the registered owner.

     SECTION 5. Pending the preparation of definitive Series C Bonds, the Company may from time to
time execute, and upon its written order, the Trustee shall authenticate and deliver, in lieu of
such definitive bonds and subject to the same provisions, limitations and conditions, one or more
temporary bonds, in registered form, of any denomination specified in the written order of the
Company for the authentication and delivery thereof, and with such omissions, insertions and
variations as may be determined by the Board of Directors of the Company. Such temporary bonds
shall be substantially of the tenor of the bonds to be issued as herein before recited.

     If any such temporary Series C Bonds shall at any time be so authenticated and delivered in
lieu of definitive bonds, the Company shall upon request at its own expense prepare, execute and
deliver to the Trustee and thereupon, upon the presentation and surrender of temporary bonds, the
Trustee shall authenticate and deliver in exchange therefor, without charge to the holder,
definitive bonds of the same series and other terms, if any, and for the same principal sum in the
aggregate as the temporary bonds surrendered. All temporary bonds so surrendered shall be
forthwith canceled by the Trustee and delivered to or upon the order of the Company. Until
exchanged for definitive bonds the temporary bonds shall in all respects be entitled to the lien
and security of the Indenture and all supplemental indentures.

ARTICLE IV

ISSUE OF COLLATERAL BONDS

     The Series A Bonds, Series B Bonds and Series C Bonds in the aggregate principal amount of
$185,000,000 in respect of the Series A Notes, Series B Notes and Series C Notes, respectively, may
be executed, authenticated and delivered from time to time as permitted by the provisions of the
Indenture, including with respect to exchange and replacement of bonds.

ARTICLE V

THE TRUSTEE

     The Trustee shall not be responsible in any manner whatsoever for or 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 and statements contained herein, all of which recitals and
statements are made solely by the Company.

     Except as herein otherwise provided, no duties, responsibilities or liabilities are assumed,
or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture other
than as set forth in the Indenture and this Supplemental Indenture is executed and accepted on
behalf of the Trustee, subject to all the terms and conditions set forth in the Indenture, as fully
to all intents as if the same were herein set forth at length.

25

 

ARTICLE VI

RECORDING AND FILING OF SUPPLEMENTAL INDENTURE

DATED AS OF OCTOBER 1, 2004

     Pursuant to the terms and provisions of the Original Indenture, a Supplemental Indenture dated
as of October 1, 2004 providing for the terms of Collateral Bonds to be issued thereunder
designated as 2004 Series E Collateral Bonds 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 October 7, 2004 (Filing No. 2004197107-2) 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
	Alcona
	 	10/01/04	 	407	 	894
	Alger
	 	10/01/04	 	205	 	874
	Alpena
	 	10/01/04	 	438	 	388
	Antrim
	 	10/01/04	 	723	 	335
	Arenac
	 	10/01/04	 	GR 443	 	349
	Barry
	 	10/01/04	 	1134826	 	N/A
	Benzie
	 	10/01/04	 	2004R-02078	 	N/A
	Charlevoix
	 	10/01/04	 	639	 	794
	Cheboygan
	 	10/01/04	 	962	 	522
	Chippewa
	 	10/04/04	 	974	 	1
	Clare
	 	10/04/04	 	930	 	1
	Clinton
	 	10/01/04	 	5066894	 	N/A
	Crawford
	 	10/01/04	 	671	 	780
	Delta
	 	10/01/04	 	780	 	81
	Dickinson
	 	10/01/04	 	GL 555	 	70
	Emmet
	 	10/01/04	 	1057	 	173
	Gladwin
	 	10/01/04	 	741	 	853
	Grand Traverse
	 	10/05/04	 	2004R-17513	 	N/A
	Gratiot
	 	10/01/04	 	763	 	863
	Ionia
	 	10/01/04	 	584	 	2276
	Iosco
	 	10/04/04	 	819	 	302
	Iron
	 	10/01/04	 	411	 	219
	Isabella
	 	10/07/04	 	1260	 	809
	Jackson
	 	10/01/04	 	1792	 	1167
	Kalkaska
	 	10/01/04	 	3060178	 	N/A
	Kent
	 	10/08/04	 	20041008-0134973	 	N/A
	Lake
	 	10/04/04	 	289	 	1202
	Leelanau
	 	10/01/04	 	01 825	 	316
	Lenawee
	 	10/04/04	 	2282	 	193
	Livingston
	 	10/01/04	 	4591	 	549
	Macomb
	 	10/01/04	 	15939	 	423
	Manistee
	 	10/07/04	 	924	 	48
	Marquette
	 	10/01/04	 	2004R-12804	 	N/A
	Mason
	 	10/01/04	 	565	 	210
	Mecosta
	 	10/01/04	 	721	 	175

26

 

	 	 	 	 	 	 	 
	 	 	 	 	Liber/	 	 
	County	 	Recorded	 	Instrument no	 	Page
	Menominee
	 	10/01/04	 	541	 	259
	Missaukee
	 	10/01/04	 	2004-04115	 	N/A
	Monroe
	 	10/01/04	 	2810	 	723
	Montcalm
	 	10/01/04	 	1203	 	437
	Montmorency
	 	10/01/04	 	258	 	432
	Muskegon
	 	10/01/04	 	3621	 	391
	Newaygo
	 	10/01/04	 	410	 	802
	Oakland
	 	10/06/04	 	34182	 	62
	Oceana
	 	10/01/04	 	GR 2004/30068	 	N/A
	Ogemaw
	 	10/01/04	 	3051882	 	N/A
	Osceola
	 	10/01/04	 	817	 	790
	Oscoda
	 	10/04/04	 	204	 	15369
	Otsego
	 	10/05/04	 	1020	 	326
	Ottawa
	 	10/01/04	 	4660	 	517
	Presque Isle
	 	10/01/04	 	399	 	347
	Roscommon
	 	10/07/04	 	1014	 	1472
	St. Clair
	 	10/04/04	 	3195	 	474
	Saginaw
	 	10/04/04	 	2286	 	1996
	Shiawassee
	 	10/01/04	 	1067	 	899
	Washtenaw
	 	10/04/04	 	4428	 	966
	Wayne
	 	10/06/04	 	41444	 	391
	Wexford
	 	11/12/04	 	562	 	846

ARTICLE VII

MISCELLANEOUS PROVISIONS

     Except insofar as herein otherwise expressly provided, all the provisions, terms and
conditions of the Indenture shall be deemed to be incorporated in, and made a part of, this
Thirty-ninth Supplemental Indenture, and the Twenty-ninth Supplemental Indenture dated as of July
15, 1989, as supplemented by the Thirtieth Supplemental Indenture dated as of September 1, 1991, by
the Thirty-first Supplemental Indenture dated as of December 15, 1991, by the Thirty-second
Supplemental Indenture dated as of January 5, 1993, by the Thirty-third Supplemental Indenture
dated as of May 1, 1995, by the Thirty-fourth Supplemental Indenture dated as of November 1, 1996,
by the Thirty-fifth Supplemental Indenture dated as of June 18, 1998, by the Thirty-sixth
Supplemental Indenture dated as of August 15, 2001, by the Thirty-seventh Supplemental Indenture
dated as of February 15, 2003, by the Thirty-eighth Supplemental Indenture dated as of October 1,
2004 and by this Supplemental Indenture is in all respects ratified and confirmed; and the
Indenture and said Supplemental Indentures shall be read, taken and construed as one and the same
instrument.

     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.

     Nothing in this Supplemental Indenture is intended, or shall be construed, to give to any
person or corporation, other than the parties hereto and the holders of Collateral Bonds issued

27

 

and to be issued under and secured by the Indenture, any legal or equitable right, remedy or
claim under or in respect of this Supplemental Indenture, or under any covenant, condition or
provision herein contained, all the covenants, conditions and provisions of this Supplemental
Indenture being intended to be, and being, for the sole and exclusive benefit of the parties hereto
and of the holders of bonds issued and to be issued under the Indenture and secured thereby.

     All covenants, promises and agreements in this Supplemental Indenture contained by or on
behalf of the Company shall bind its successors and assigns whether so expressed or not.

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

28

 

     IN WITNESS WHEREOF, MICHIGAN CONSOLIDATED GAS COMPANY has caused this Supplemental Indenture
to be executed by its duly authorized Officer, and its corporate seal to be hereunto affixed, and
Citibank, N.A., as Mortgage Trustee as aforesaid, has caused the same to be executed by one of its
authorized signatories and its corporate seal to be hereunto affixed, on the respective dates of
their acknowledgments hereinafter set forth, as of the date and year first above written.

	 	 	 	 	 
	MICHIGAN CONSOLIDATED GAS COMPANY	 	 
	 
	 	 	 	 
	By:

	 	/s/ Paul A. Stadnikia
	 	 
	 

	 	 	 	 
	 

	 	Paul A. Stadnikia	 	 
	 

	 	Assistant Treasurer	 	 

Signed, sealed, acknowledged and

delivered by MICHIGAN CONSOLIDATED

GAS COMPANY in the presence of:

	 	 	 
	/s/ Anthony G. Morrow

	 	 
	 
	 	 
	Anthony G. Morrow
	 	 
	 
	 	 
	/s/ Timothy J. Maloche
	 	 
	 
	 	 
	Timothy J. Maloche
	 	 

	 	 	 	 	 
	State of Michigan

	 	}
	 	 
	                     } ss.
	 	 	 	 
	County of Wayne

	 	}	 	 

     The foregoing instrument was acknowledged before me this 8th day of April, 2008, by
Paul A. Stadnikia, as Assistant Treasurer, of MICHIGAN CONSOLIDATED GAS COMPANY, a Michigan
corporation, on behalf of the corporation.

	 	 	 
	/s/ Stephanie V. Washio

	 	 
	 
	 	 
	Stephanie V. Washio
	 	 
	Notary Public, Wayne County, MI
	 	 
	Acting in Wayne County, MI
	 	 
	My Commission Expires: May 18, 2012
	 	 

29

 

	 	 	 	 	 
	CITIBANK, N.A., as Mortgage Trustee	 	 
	 
	 	 	 	 
	By:

	 	/s/ John Byrnes, Jr.	 	 
	 

	 	 	 	 
	 

	 	John Byrnes, Jr.	 	 
	 

	 	Vice President	 	 

Signed, sealed, acknowledged and

delivered by CITIBANK, N.A.

in the presence of:

	 	 	 
	/s/ Robert T. Kirchner

	 	 
	 
	 	 
	Name: Robert T. Kirchner
	 	 
	 
	 	 
	/s/ Marion O’Connor
	 	 
	 
	 	 
	Name: Marion O’Connor
	 	 

	 	 	 	 	 
	State of New York

	 	}
	 	 
	 

	 	}ss.	 	 
	County of New York

	 	}	 	 

     The foregoing instrument was acknowledged before me this 9th day of April, 2008, by
John Byrnes, Jr., as Vice President of Citibank, N.A., a national banking association, on behalf of
the association, as Trustee, as in said instrument described.

	 	 	 
	/s/ Zenaida Santiago

	 	 
	 
	 	 
	Notary Public, State of New York
	 	 
	No. 01SA6152564
	 	 
	Qualified in Kings County
	 	 
	Commission Expires 9-18-2010
	 	 

30

 

This instrument was drafted by:

Timothy J. Maloche

2000 2nd Avenue, 688WCB

Detroit, MI 48226

When recorded return to:

Stephanie V. Washio

2000 2nd Avenue, 688WCB

Detroit, MI 48226

31

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