Document:

EX-10.3

 Exhibit 10.3 

EMPLOYEE MATTERS AGREEMENT 
 by
and between 
 DTE ENERGY COMPANY 

and 
 DT MIDSTREAM, INC. 

Dated as of [                ], 2021 

 TABLE OF CONTENTS 
  

							
	 	  	 Page
	 
	
	 ARTICLE I
	  

	
	 DEFINITIONS
	  

			
	 SECTION 1.01.
	 	 Definitions
..........................................................................................................................................

	  	 	1	 
	 SECTION 1.02.
	 	 Interpretation
.......................................................................................................................................

	  	 	6	 
	
	 ARTICLE II
	  

	
	 ASSIGNMENT OF EMPLOYEES
	  

			
	 SECTION 2.01.
	 	 Transferred Employees
...........................................................................................................................

	  	 	6	 
	 SECTION 2.02.
	 	 Listed Employees
.................................................................................................................................

	  	 	7	 
	 SECTION 2.03.
	 	 Non-Employment Obligation
....................................................................................................................
	  	 	7	 
	
	 ARTICLE III
	  

	
	 PENSION, RETIREMENT AND DEFERRED COMPENSATION
PLANS
	  

			
	 SECTION 3.01.
	 	 Qualified Defined Contribution Plans
..........................................................................................................
	  	 	7	 
	 SECTION 3.02.
	 	 Qualified Defined Benefit Pension Plans
......................................................................................................
	  	 	9	 
	 SECTION 3.03.
	 	 Nonqualified Deferred Compensation Plans
...................................................................................................
	  	 	9	 
	
	 ARTICLE IV
	  

	
	 WELFARE PLANS
	  

			
	 SECTION 4.01.
	 	 Establishment of the DT Midstream Welfare Plans
..........................................................................................
	  	 	10	 
	 SECTION 4.02.
	 	 Coverage of DT Midstream Employees
........................................................................................................
	  	 	10	 
	 SECTION 4.03.
	 	 Welfare Plan Liabilities
...........................................................................................................................
	  	 	11	 
	 SECTION 4.04.
	 	 Disability
............................................................................................................................................

	  	 	11	 
	 SECTION 4.05.
	 	 Workers’ Compensation Claims
.................................................................................................................
	  	 	12	 
	 SECTION 4.06.
	 	 COBRA
.............................................................................................................................................

	  	 	12	 
	 SECTION 4.07.
	 	 Flexible Spending Accounts
...........................................................................................................................
	  	 	12	 
	 SECTION 4.08.
	 	 Health Savings Accounts
...........................................................................................................................
	  	 	13	 
	 SECTION 4.09.
	 	 Retiree Welfare Plans
...............................................................................................................................
	  	 	13	 
	 SECTION 4.10.
	 	 Vacation Buy Plan
	  	 	13	 
	
	 ARTICLE V
	  

	
	 CERTAIN OTHER ARRANGEMENTS
	  

			
	 SECTION 5.01.
	 	 Other DT Midstream Benefit Arrangements
.....................................................................................................
	  	 	13	 
	 SECTION 5.02.
	 	 No Change in Control
...............................................................................................................................
	  	 	14	 

  
 i 

							
	 SECTION 5.03.
	 	 Annual Bonuses
....................................................................................................................................

	  	 	14	 
	 SECTION 5.04.
	 	 Severance
............................................................................................................................................

	  	 	14	 
	
	 ARTICLE VI
	  

	
	 STOCK PLANS
	  

			
	 SECTION 6.01.
	 	 DT Midstream Stock Plan
........................................................................................................................
	  	 	14	 
	 SECTION 6.02.
	 	 Restricted Stock Awards Held by DT Midstream Employees
...............................................................................
	  	 	15	 
	 SECTION 6.03.
	 	 Performance Share Awards Held by DT Midstream Employees
............................................................................
	  	 	15	 
	 SECTION 6.04.
	 	 Approval and Terms of Equity Awards
.........................................................................................................
	  	 	16	 
	
	 ARTICLE VII
	  

	
	 COMPENSATION MATTERS AND GENERAL BENEFIT
MATTERS
	  

			
	 SECTION 7.01.
	 	 Cessation of Participation in DTE Energy Benefit Plans
.....................................................................................
	  	 	17	 
	 SECTION 7.02.
	 	 Assumption of Certain Employee Related Obligations
........................................................................................
	  	 	17	 
	 SECTION 7.03.
	 	 Restrictive Covenants in Employment and Other Agreements
...............................................................................
	  	 	18	 
	 SECTION 7.04.
	 	 Past Service Credit
..................................................................................................................................

	  	 	18	 
	 SECTION 7.05.
	 	 Accrued Vacation and Other Paid Time Off
....................................................................................................
	  	 	18	 
	 SECTION 7.06.
	 	 Leaves of Absence
.................................................................................................................................

	  	 	19	 
	 SECTION 7.07.
	 	 DTE Energy Assets
................................................................................................................................

	  	 	19	 
	 SECTION 7.08.
	 	 Further Cooperation; Personnel Records; Data Sharing
......................................................................................
	  	 	19	 
	 SECTION 7.09.
	 	 Tax Deductions
.....................................................................................................................................

	  	 	19	 
	
	 ARTICLE VIII
	  

	
	 GENERAL PROVISIONS
	  

			
	 SECTION 8.01.
	 	 Employment and Plan Rights
......................................................................................................................
	  	 	20	 
	 SECTION 8.02.
	 	 Confidentiality
.......................................................................................................................................

	  	 	20	 
	 SECTION 8.03.
	 	 Administrative Complaints/Litigation
............................................................................................................
	  	 	20	 
	 SECTION 8.04.
	 	 Reimbursement and Indemnification
.............................................................................................................
	  	 	21	 
	 SECTION 8.05.
	 	 Entire Agreement
...................................................................................................................................

	  	 	21	 
	 SECTION 8.06.
	 	 Section 409A
........................................................................................................................................

	  	 	21	 
	 SECTION 8.07.
	 	 Amendment
...........................................................................................................................................

	  	 	21	 
	 SECTION 8.08.
	 	 Waiver
.................................................................................................................................................

	  	 	21	 
	 SECTION 8.09.
	 	 Execution in Counterparts
..........................................................................................................................
	  	 	22	 
	 SECTION 8.10.
	 	 No Third-Party Beneficiaries
.....................................................................................................................
	  	 	22	 
	 SECTION 8.11.
	 	 Notices
................................................................................................................................................

	  	 	22	 
	 SECTION 8.12.
	 	 Force Majeure
........................................................................................................................................

	  	 	22	 
	 SECTION 8.13.
	 	 No Public Announcement
..........................................................................................................................
	  	 	22	 
	 SECTION 8.14.
	 	 Limited Liability
.................................................................................................................................
 ...
	  	 	22	 
	 SECTION 8.15.
	 	 Effect if Distribution Does Not Occur
..........................................................................................................
	  	 	23	 
	 SECTION 8.16.
	 	 Miscellaneous
..................................................................................................................................
 ......
	  	 	23	 

  

							
	 Schedule A
	 	 -    Listed Employees
	  			

  
 ii 

 EMPLOYEE MATTERS AGREEMENT, dated as of
[                ], 2021 by and between DTE ENERGY COMPANY, a Michigan corporation (“DTE Energy”), and DT MIDSTREAM, INC., a Delaware corporation and
wholly owned subsidiary of DTE Energy (“DT Midstream”). 
 WHEREAS, concurrently with the execution of this Agreement, DTE
Energy and DT Midstream are entering into a Separation and Distribution Agreement (the “Distribution Agreement”), pursuant to which DTE Energy shall distribute on a pro rata basis to the holders of shares of DTE Energy common
stock, without par value (“DTE Energy Shares”), its entire interest in DT Midstream by way of a dividend of all shares of DT Midstream common stock, par value $0.01 per share (“DT Midstream Shares”), owned by DTE
Energy as of the Distribution Date (as defined below); and 
 WHEREAS, in connection with the Distribution (as defined below), DTE Energy
and DT Midstream desire to enter into this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises contained herein and in the
Distribution Agreement, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION
1.01. Definitions. As used in this Agreement: 
 “2021 AIP Award” has the meaning set forth in Section 5.03.

 “2021 DT Midstream Annual Award” has the meaning set forth in Section 5.03. 

“2021 Incentive Payment” has the meaning set forth in Section 5.03. 

“2021 REP Award” has the meaning set forth in Section 5.03. 

“Action” means any claim, complaint, petition, hearing, charge, demand, action, suit, countersuit, arbitration, inquiry,
proceeding or investigation by or before any Governmental Authority or any Federal, state, local, foreign or international arbitration or mediation tribunal. 

“Agreement” means this Employee Matters Agreement together with those parts of the Distribution Agreement referenced herein
and all schedules hereto and all amendments, modifications and changes hereto and thereto. 
 “Ancillary Agreements” means
this Agreement, the TMA and the TSA and any other instruments, assignments, documents and agreements executed in connection with the implementation of the transactions contemplated by the Distribution Agreement, including the schedules thereto. 

“Assets” means all assets, properties and rights of every kind and nature (including goodwill), wherever located (including
in the possession of vendors or other third parties or elsewhere), whether real, personal or mixed, tangible or intangible, or accrued or contingent, in each case whether or not recorded or reflected or required to be recorded or reflected on the
books and records or financial statements of any Person, including the following: 
 (a) all accounting and other books, records, files and
Personnel Records, whether in paper, microfilm, microfiche, computer tape or disc, magnetic tape, electronic recording or any other form or medium; 

(b) all apparatus, computers and other electronic data processing equipment, fixtures, machinery, furniture, office and other equipment,
including hardware systems, circuits and other computer and telecommunication assets and equipment, automobiles, trucks, aircraft, rolling stock, vessels, motor vehicles and other transportation equipment, special and general tools, test devices,
prototypes and models and other tangible personal property; 
 (c) all inventories of materials, parts, raw materials, supplies,
work-in-process and finished goods and products; 
 (d) all interests in real property of whatever nature, including buildings, land,
structures, improvements and fixtures thereon, and all easements and rights-of-way appurtenant thereto, and all leasehold interests, whether as owner, mortgagee or holder of a Security Interest in real property, lessor, sublessor, lessee, sublessee
or otherwise; 
 (e) all interests in any capital stock of, or other equity interests in, any Subsidiary or any other Person; all bonds,
notes, debentures or other securities issued by any Subsidiary or any other Person; all loans, advances or other extensions of credit or capital contributions to any Subsidiary or any other Person; all other investments in securities of any Person;
and all rights as a partner, joint venturer or participant; 
 (f) all license agreements, leases of personal property, open purchase orders
for raw materials, supplies, parts or services, unfilled orders for the manufacture and sale of products and other Contracts and all rights arising thereunder; 

(g) all deposits, letters of credit, performance bonds and other surety bonds; 

(h) all written technical information, data, specifications, research and development information, engineering drawings, operating and
maintenance manuals and materials and analyses prepared by consultants and other third parties; 
 (i) all United States, state,
multinational and foreign intellectual property, including patents, copyrights, trade names, trademarks, service marks, slogans, logos, trade dresses and other source indicators and the goodwill of the business symbolized thereby; all registrations,
applications, recordings, disclosures, renewals, continuations, continuations-in-part, divisions, reissues, reexaminations, foreign counterparts and other legal protections and rights related to any of the foregoing; mask works, trade secrets,
inventions and other proprietary information, including know-how, processes, formulae, techniques, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information and business and marketing plans and
proposals, discoveries, inventions, licenses from third parties granting the right to use any of the foregoing and all tangible embodiments of the foregoing in whatever form or medium; 

(j) all computer applications, programs, software and other code (in object and source code form), including operating software, network
software, firmware, middleware, design software, design tools, systems documentation, instructions, ASP, HTML, DHTML, SHTML and XML files, cgi and other scripts, APIs, web widgets, algorithms, models, methodologies, files, documentation related to
any of the foregoing and all tangible embodiments of the foregoing in whatever form or medium now known or yet to be created; 
 (k) all
websites, Internet URLs, domain names, social media handles and Internet user names, databases, content, text, graphics, images, audio, video, data and other copyrightable works or other works of authorship including all translations, adaptations,
derivations and combinations thereof; 
 (l) all cost information, sales and pricing data, customer prospect lists, supplier records,
customer and supplier lists, subscriber, customer and vendor data, correspondence and lists, product literature and other advertising and promotional materials, artwork, design, development and manufacturing files, vendor and customer drawings,
formulations and specifications, server and traffic logs, quality records and reports and other books, records, studies, surveys, reports, plans, business records and documents; 

(m) all prepaid expenses, trade accounts and other accounts and notes receivable (whether current or non-current); 

(n) all claims or rights against any Person arising from the ownership of any other Asset, all rights in connection with any bids or offers,
all Actions, judgments or similar rights, all rights under express or implied warranties, all rights of recovery and all rights of setoff of any kind and demands of any nature, in each case whether accrued or contingent, whether in tort, contract or
otherwise and whether arising by way of counterclaim or otherwise; 
 (o) all rights under insurance policies and all rights in the nature
of insurance, indemnification or contribution; 
 (p) all licenses (including radio and similar licenses), permits, consents, approvals and
authorizations that have been issued by any Governmental Authority and all pending applications therefor; 
 (q) Cash, bank accounts, lock
boxes and other deposit arrangements; 
 (r) interest rate, currency, commodity or other swap, collar, cap or other hedging or similar
agreements or arrangements; and 
 (s) all goodwill as a going concern and other intangible properties. 

“Benefit Plan” means any plan, program, policy, agreement, arrangement or understanding that is an employment, consulting,
deferred compensation, executive compensation, incentive bonus or other bonus, employee pension, profit sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation right, restricted stock, restricted stock
unit, deferred stock unit, other equity-based compensation, severance pay, retention, change in control, salary continuation, life, death benefit, health, hospitalization, workers’ compensation, sick leave, vacation pay, child bonding leave,
educational assistance, disability or accident insurance or other employee compensation or benefit plan, program, agreement or arrangement, including any “employee benefit plan” (as defined in Section 3(3) of ERISA) (whether or not
subject to ERISA) sponsored, maintained or contributed to by such entity or to which such entity is a party. 

  
 1 

 “Borrowing” has the meaning set forth on Schedule I of the Distribution
Agreement. 
 “Business Employee” means (a) each individual who immediately prior to the Distribution Date is employed
by the DT Midstream Group, including each Transferred Employee and including any individual who is not actively at work due to a leave of absence (including vacation, holiday, child bonding, adoption or similar family-related leave, illness, injury
or short-term disability) from which such employee is permitted to return to active employment in accordance with the DT Midstream Group’s personnel policies, as in effect from time to time, or applicable Law and (b) each former employee
of the DTE Energy Group, the DT Midstream Group or a former entity owned, in whole or in part, by the DT Midstream Group whose last employment with any of such parties immediately prior to termination (before the Distribution Date) was with the DT
Midstream Group or a former entity owned, in whole or in part, by the DT Midstream Group. 
 “Cash” means cash, cash
equivalents, bank deposits and marketable securities, whether denominated in United States dollars or otherwise. 
 “Cash
Distribution” has the meaning set forth on Schedule I of the Distribution Agreement. 
 “COBRA” means the U.S.
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended from time to time, and any applicable similar state or local laws. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Consents” means any consents, waivers, authorizations, ratifications, permissions, exemptions or approvals from, or
notification requirements to, any Person other than a member of either Group. 
 “Consolidated Intercompany Debt Repayment”
has the meaning set forth on Schedule I of the Distribution Agreement. 
 “Contract” means any oral or written contract,
agreement or other legally binding instrument, including any note, bond, mortgage, deed, indenture, commitment, undertaking, promise, lease, sublease, license or sublicense or joint venture. 

“Contributions to DT Midstream” has the meaning set forth on Schedule I of the Distribution Agreement. 

“Determination” means (a) any final determination of liability in respect of a Tax that, under applicable Law, is not subject
to further appeal, review or modification through proceedings or otherwise (including the expiration of a statute of limitations or period for the filing of claims for refunds, amended Tax Returns or appeals from adverse determinations), including a
“determination” as defined in Section 1313(a) of the Code or execution of an IRS Form 870AD, or (b) the payment of Tax by a Party (or its Subsidiary) that is responsible for payment of that Tax under applicable Law, with respect to any
item disallowed or adjusted by a Taxing Authority, as long as the responsible Party determines that no action should be taken to recoup that payment and the other Party agrees. 

“Distribution” means the distribution by DTE Energy to the Record Holders, on a pro rata basis, of all of the outstanding DT
Midstream Shares owned by DTE Energy on the Distribution Date. 
 “Distribution Agreement” has the meaning set forth in the
recitals of this Agreement. 
 “Distribution Date” means the date, determined by DTE Energy in accordance with Section 5.03
of the Distribution Agreement, on which the Distribution occurs. 
 “DT Midstream” has the meaning set forth in the
preamble of this Agreement. 
 “DT Midstream 2019 Performance Share Award” has the meaning set forth in
Section 6.03(a). 
 “DT Midstream 2020 Performance Share Award” has the meaning set forth in Section 6.03(b).

 “DT Midstream AIP” has the meaning set forth in Section 5.03. 

“DT Midstream Benefit Plan” means any Benefit Plan sponsored, maintained or contributed to by any member of the DT Midstream
Group or to which any member of the DT Midstream Group is party on or after the Distribution Date. 
 “DT Midstream
Business” means the midstream pipeline, gathering and storage businesses and other operations of the DT Midstream Group, including as described in the Information Statement. 

“DT Midstream Corporate Employee” means any DT Midstream Employee who was a Transferred Employee. 

“DT Midstream Corporate Employee Compensation Deduction” means any income Tax deduction arising after the Distribution Date
with respect to any DT Midstream Corporate Employee with respect to the DTE Energy Savings Plan, the DTE Energy Pension Plan, any DTE Energy Deferred Compensation Plan or any DTE Energy Welfare Plan. 

“DT Midstream Employee” means an individual who is employed by the DT Midstream Group immediately following the Distribution
Date, including any individual who is not actively at work due to a leave of absence (including vacation, holiday, illness, child bonding, adoption or similar family-related leave, illness, injury or short-term disability) from which such employee
is permitted to return to active employment in accordance with the DT Midstream Group’s personnel policies, as in effect from time to time, or applicable Law. 

  
 2 

 “DT Midstream Equity Compensation Deduction” means any income Tax deduction
arising after the Distribution Date with respect to any Substitute DT Midstream RSU Award, Substitute DT Midstream Performance Share Award, DT Midstream 2019 Performance Share Award or DT Midstream 2020 Performance Share Award. 

“DT Midstream FSA” has the meaning set forth in Section 4.07. 

“DT Midstream Group” means (a) DT Midstream, (b) each Person that will be a Subsidiary of DT Midstream immediately prior to
the Distribution, including the entities set forth on Schedule II of the Distribution Agreement under the caption “Subsidiaries” and (c) each Person that becomes a Subsidiary of DT Midstream after the Distribution, including in each case
any Person that is merged or consolidated with or into DT Midstream or any Subsidiary of DT Midstream. 
 “DT Midstream Legacy
Employee” means any DT Midstream Employee who was employed by a member of the DT Midstream Group immediately before the Distribution Date and who was not a Transferred Employee. 

“DT Midstream Legacy Employee Compensation Deduction” means any income Tax deduction arising after the Distribution Date with
respect to any DT Midstream Legacy Employee with respect to the DTE Energy Savings Plan, the DTE Energy Pension Plan, any DTE Energy Deferred Compensation Plans or any DTE Energy Welfare Plans. 

“DT Midstream Plan HSA” has the meaning set forth in Section 4.08. 

“DT Midstream Post-Distribution Stock Price” means the per share price of DT Midstream Shares, which shall be equal to the
average of the volume weighted average price of DT Midstream Shares, traded on a when-issued basis, for each of the three consecutive trading days immediately preceding the Distribution Date. 

“DT Midstream PTO Buy” has the meaning set forth in Section 4.10. 

“DT Midstream Savings Plan” has the meaning set forth in Section 3.01(a). 

“DT Midstream Savings Plan Trust” means the trust maintained under the DT Midstream Savings Plan. 

“DT Midstream Shares” has the meaning set forth in the recitals of this Agreement. 

“DT Midstream Stock Plan” has the meaning set forth in Section 6.01. 

“DT Midstream Welfare Plans” has the meaning set forth in Section 4.01. 

“DT Midstream Workers’ Compensation Plan” has the meaning set forth in Section 4.05. 

“DTE Energy” has the meaning set forth in the preamble of this Agreement. 

  
 3 

 “DTE Energy Benefit Plan” means any Benefit Plan sponsored, maintained or
contributed to by any member of the DTE Energy Group or to which any member of the DTE Energy Group is party. 
 “DTE Energy
Business” means the business and operations conducted by DTE Energy and its Subsidiaries other than the DT Midstream Business. 

“DTE Energy Deferred Compensation Plans” means the DTE Energy Company Supplemental Savings Plan, the DTE Energy Company
Executive Supplemental Retirement Plan, the DTE Energy Company Supplemental Retirement Plan and the DTE Energy Company Executive Deferred Compensation Plan. 

“DTE Energy Equity Compensation Deduction” means any income Tax deduction arising after the Distribution Date (a) with
respect to any DTE Energy Restricted Share Award, DTE Energy Performance Share Award or DTE Energy Phantom Share Award, in each case, that is held as of immediately prior to the Distribution by any Person who does not become a DT Midstream Employee
or (b) with respect to any Vested 2019 DTE Energy Performance Share Award or Vested 2020 DTE Energy Performance Share Award. 

“DTE Energy FSA” has the meaning set forth in Section 4.07. 

“DTE Energy Group” means DTE Energy and each of its Subsidiaries, but excluding any member of the DT Midstream Group. 

“DTE Energy Indemnitees” means DTE Energy, each other member of the DTE Energy Group and each of their respective former and
current directors, officers and employees, and each of the heirs, executors, successors and assigns of any of the foregoing. 
 “DTE
Energy Pension Plan” means the DTE Energy Company Retirement Plan. 
 “DTE Energy Performance Share Award” means a
performance share award granted under the DTE Energy Stock Plan and outstanding prior to the Distribution Date. 
 “DTE Energy
Phantom Share Award” means a share of phantom stock granted under the DTE Energy Stock Plan and outstanding as of the Distribution Date. 

“DTE Energy Plan HSA” has the meaning set forth in Section 4.08. 

“DTE Energy Pre-Distribution Stock Price” means the per share price of DTE Energy
Shares, determined on a pre-Distribution basis, which shall be equal to the average of the volume weighted average price of DTE Energy Shares, traded with due bills, for each of the three consecutive trading
days immediately preceding the Distribution Date. 
 “DTE Energy Restricted Stock Award” means a DTE Energy Share that is
subject to forfeiture, granted under the DTE Energy Stock Plan and outstanding as of the Distribution Date. 
 “DTE Energy Retiree
Welfare Plans” means the DTE Energy Company Comprehensive Retiree Group Health Care Plan, the DTE Energy Company Comprehensive Non-Health Welfare Benefit Plan, the DTE Supplemental Retiree Benefit
Plan, and the DTE Energy Retiree Reimbursement Arrangement Plan. 

  
 4 

 “DTE Energy Savings Plan” means the DTE Energy Company Savings and Stock
Ownership Plan. 
 “DTE Energy Shares” has the meaning set forth in the recitals of this Agreement. 

“DTE Energy Stock Plan” means the DTE Energy Company Long-Term Incentive Plan, as amended and restated from time to time.

 “DTE Energy VB” has the meaning set forth in Section 4.10. 

“DTE Energy Welfare Plan” means a Welfare Plan that is a DTE Energy Benefit Plan. 

“DTE Energy Workers’ Compensation Plan” means any workers’ compensation plan that is a DTE Energy Benefit Plan.

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“Forfeited 2019 DTE Energy Performance Share Award” has the meaning set forth in Section 6.03(a). 

“Forfeited 2020 DTE Energy Performance Share Award” has the meaning set forth in Section 6.03(b). 

“Governmental Approvals” means any notices, reports or other filings to be given to or made with, or any Consents,
registrations or permits to be obtained from, any Governmental Authority. 
 “Governmental Authority” means any Federal,
state, local, foreign, international or multinational court, government, quasi-government , department, commission, board, bureau, agency, official or other legislative, judicial, tribunal, commission, regulatory, administrative or governmental
authority. 
 “Group” means either the DTE Energy Group or the DT Midstream Group, or both, as the context requires. 

“Information Statement” means the Information Statement made available on the Internet or mailed to the holders of DTE Energy
Shares in connection with the Distribution, as such Information Statement may be amended or supplemented from time to time. 

“Intercompany Debt Refinancing” has the meaning set forth on Schedule I of the Distribution Agreement. 

“Internal Distribution” has the meaning set forth on Schedule I of the Distribution Agreement. 

“Internal Restructuring” has the meaning set forth on Schedule I of the Distribution Agreement. 

“Internal Transactions” means the Internal Restructuring, Intercompany Debt Refinancing, Borrowing, Consolidated Intercompany
Debt Repayment, Cash Distribution, Internal Distribution, Specified Asset Distribution, Contributions to DT Midstream and Recapitalization, each as described on Schedule I of the Distribution Agreement. 

“IRS” means the Internal Revenue Service. 

“Law” means any statute, law, regulation, ordinance, rule, judgment, rule of common law, order, decree, Governmental
Approval, concession, grant, franchise, license, agreement, directive, guideline, policy, requirement or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the
foregoing by, any Governmental Authority, whether now or hereinafter in effect and, in each case, as amended. 

“Liabilities” means any and all claims, debts, demands, actions, causes of action, suits, damages, fines, penalties,
obligations, prohibitions, accruals, accounts payable, reckonings, bonds, indemnities and similar obligations, agreements, promises, guarantees, make-whole agreements and similar obligations, and other liabilities and requirements, including all
contractual obligations, whether absolute or contingent, matured or unmatured, liquidated or unliquidated, accrued or unaccrued, known or unknown, whenever arising, and including those arising under any Law, Action, threatened or contemplated Action
or any award of any arbitrator or mediator of any kind, and those arising under any Contract, including those arising under the Distribution Agreement or any Ancillary Agreement, in each case, whether or not recorded or reflected or required to be
recorded or reflected on the books and records or financial statements of any Person. For the avoidance of doubt, Liabilities shall include attorneys’ fees, the costs and expenses of all assessments, judgments, settlements and compromises, and
any and all other costs and expenses whatsoever reasonably incurred in connection with anything contemplated by the preceding sentence (including costs and expenses incurred in investigating, preparing or defending against any such Actions or
threatened or contemplated Actions). 
 “Listed Employees” has the meaning set forth in Section 2.02. 

“Offer Employee Transfer Date” means the date following the Distribution Date on which a Listed Employee commences employment
with the DT Midstream Group. 
 “Party” means either party hereto, and “Parties” means both parties hereto. 

“Pension Plan” means any Benefit Plan that is a pension plan as defined in Section 3(2) of ERISA, without regard to
Section 4(b)(4) or 4(b)(5) of ERISA. 
 “Person” means an individual, a general or limited partnership, a corporation,
an association, a trust, a joint venture, an unincorporated organization, a limited liability company, any other entity and any Governmental Authority. 

“Personnel Records” means all personnel files, data and other personnel information that relates to (a) in the case of the
DTE Energy Group, any current or former employee, officer, director or other service provider of the DTE Energy Group and any Business Employee (other than a DT Midstream Employee) or any other service provider of the DT Midstream Group immediately
following the Distribution Date), or (b) in the case of the DT Midstream Group, any DT Midstream Employee and any other service provider of the DT Midstream Group immediately following the Distribution Date and, in each case under clauses (a) and
(b), other than files, data and information that are (or is) prohibited from being made available as a result of applicable Laws regarding the safeguarding of data privacy or any other legal obligation to maintain the confidentiality of such files,
data or information. 
 “Recapitalization” has the meaning set forth on Schedule I of the Distribution Agreement. 

“Record Date” means the close of business on the date determined by the DTE Energy board of directors as the record date for
determining the DTE Energy Shares in respect of which DT Midstream Shares will be distributed pursuant to the Distribution. 

“Record Holders” means the holders of DTE Energy Shares as of the Record Date. 

“Security Interest” means any mortgage, security interest, pledge, lien, charge, claim, option, right to acquire, voting or
other restriction, right-of-way, covenant, condition, easement, encroachment, restriction on transfer, license or other encumbrance of any nature whatsoever. 

“Shared Contract” means any Contract of any member of either Group with a third party that relates in any material respect to
both the DT Midstream Business and the DTE Energy Business, including the contracts and agreements set forth on Schedule XIV of the Distribution Agreement; provided that the Parties may, by mutual consent, elect to include in, or exclude
from, this definition any contract or agreement. 
 “Specified Asset Distribution” has the meaning set forth on Schedule I
of the Distribution Agreement. 
 “Subsidiary” of any Person means any corporation or other organization, whether
incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect
to such corporation or other organization is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries. 

“Substitute DT Midstream Performance Share Award” has the meaning set forth in Section 6.03(c). 

“Substitute DT Midstream RSU Award” has the meaning set forth in Section 6.02. 

“Tax Return” means any return, declaration, statement, report, form, estimate or information return relating to Taxes, in
each case, including any amendments thereto and any related or supporting information, required or permitted to be filed with any Taxing Authority. 

“Taxes” means all forms of taxation or duties imposed by any Governmental Authority, or required by any Governmental
Authority to be collected or withheld, including charges, in each case, in the nature of a tax, together with any related interest, penalties and other additional amounts. 

“Taxing Authority” means any Governmental Authority charged with the determination, collection or imposition of Taxes. 

“TMA” means the Tax Matters Agreement dated as of the date of this Agreement by and between DTE Energy and DT Midstream. 

“Transactions” means the Internal Transactions and the Distribution. 

“Transferred Employee” means each employee of the DTE Energy Group whose employment shall have been transferred from the DTE
Energy Group to the DT Midstream Group prior to the Distribution Date. 

  
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 “TSA” means the Transition Services Agreement dated as of the date of this
Agreement between DTE Energy and DT Midstream. 
 “Vested 2019 DTE Energy Performance Share Award” has the meaning set
forth in Section 6.03(a). 
 “Vested 2020 DTE Energy Performance Share Award” has the meaning set forth in
Section 6.03(b). 
 “Welfare Plan” means any Benefit Plan that is an employee welfare plan as defined in
Section 3(1) of ERISA, without regard to Section 4(b)(4) or 4(b)(5) of ERISA. 
 “Workers’ Compensation
Event” means the event, injury, illness or condition giving rise to a workers’ compensation claim with respect to a DT Midstream Employee. 

SECTION 1.02. Interpretation. (a) Words in the singular shall be held to include the plural and vice versa and words of one gender
shall be held to refer to any gender identity as the context requires. The terms “hereof,” “herein,” “herewith” and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement as
a whole (including all of the schedules hereto) and not to any particular provision of this Agreement. Article, Section or Schedule references are to the articles, sections and schedules of or to this Agreement unless otherwise
specified. Any capitalized terms used in any schedule to this Agreement but not otherwise defined therein shall have the meaning as defined in this Agreement, the Distribution Agreement or the other Ancillary Agreement to which such schedule is
attached, as applicable. Any definition of or reference to any agreement, instrument or other document herein (including any reference herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or otherwise modified from time to time (subject to any restrictions on such amendments, supplements or modifications set forth herein). The word “including” and
words of similar import when used in this Agreement shall mean “including, without limitation,” unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. The word
“extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if.” All references to “$” or dollar amounts are to the lawful
currency of the United States of America. In the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise
favoring or disfavoring either Party by virtue of the authorship of any provisions hereof. 
 ARTICLE II 

ASSIGNMENT OF EMPLOYEES 

SECTION 2.01. Transferred Employees. As of the date immediately prior to the Distribution Date, the employment of the Transferred
Employees by any member of the DTE Energy Group shall have been assigned and transferred to a member of the DT Midstream Group. 

  
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 SECTION 2.02. Listed Employees. For 12 months following the Distribution Date, DT
Midstream shall have the right to solicit and offer employment with the DT Midstream Group to the employees listed on Schedule A (the “Listed Employees”). In the event any Listed Employee accepts such offer of employment from and
commences employment with the DT Midstream Group, the Parties shall use commercially reasonable efforts, subject to applicable Laws and the terms and conditions of the applicable Benefit Plans, to treat such Listed Employee as a DT Midstream
Employee or a DT Midstream Corporate Employee, as applicable, for all purposes of this Agreement, including the DTE Energy Benefit Plans and the DT Midstream Benefit Plans but excluding Article VI of this Agreement, as of the Offer Employee Transfer
Date. 
 SECTION 2.03. Non-Employment Obligation. Notwithstanding anything to the contrary
contained herein, nothing in this Agreement shall create any obligation on the part of the DT Midstream Group or the DTE Energy Group to continue the employment of any employee for any definite period following the Distribution Date or to change the
employment status of any employee from “at will.” Unless required pursuant to the terms of the applicable Benefit Plan or applicable Law, the Parties agree that none of the Transactions shall result in any Business Employees being deemed
to have incurred a termination of employment or being eligible to receive severance benefits solely as a result of the Distribution. 

ARTICLE III 
 PENSION,
RETIREMENT AND DEFERRED COMPENSATION PLANS 
 SECTION 3.01. Qualified Defined Contribution Plans. (a) Establishment of
the DT Midstream Savings Plan. Effective on or before the Distribution Date, DT Midstream shall adopt, establish and maintain a 401(k) profit sharing plan and trust for the benefit of DT Midstream Employees that is intended to be qualified under
Section 401(a) of the Code and exempt from federal income tax under Section 501(a) of the Code (the “DT Midstream Savings Plan”). If the DT Midstream Savings Plan is not adopted in the form of a pre-approved plan for which the IRS has issued an opinion letter, as soon as practicable after the adoption of the DT Midstream Savings Plan, or as otherwise required under Revenue
Procedure 2007-44, DT Midstream shall submit an application to the IRS for a determination letter that the DT Midstream Savings Plan is qualified under Section 401(a) of the Code and that the related
DT Midstream Savings Plan Trust is exempt from federal income tax under Section 501(a) of the Code, and shall take any actions not inconsistent with DT Midstream’s other general commitments contained in this Agreement and make any
amendments necessary to receive such determination. As of the Distribution Date, each DT Midstream Employee shall be eligible to participate in the DT Midstream Savings Plan, which shall recognize the service of such DT Midstream Employee with DTE
Energy and its Subsidiaries for purposes of any applicable waiting period, service condition or vesting with respect to applicable employer contributions from DT Midstream following the Distribution Date. 

(b) DTE Energy Savings Plan. Following the Distribution, the DTE Energy Group shall retain sponsorship of the DTE Energy Savings Plan
and the DTE Energy Savings Plan shall retain all Assets and Liabilities arising out of or relating to the DTE Energy Savings Plan, including those relating to each Business Employee (and their respective beneficiaries) in connection with his or her
service prior to the Distribution, including the obligation to make all payments or distributions with respect to such Liabilities in accordance with the terms of the DTE Energy Savings Plan (including distributions pursuant to
Section 3.01(c)). As of the Distribution Date, each DT Midstream Employee shall cease active participation in the DTE Energy Savings Plan, other than with respect to benefit accruals as of the Distribution Date. 

  
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 (c) Savings Plan Rollover. As of the Distribution Date, the DTE Energy Savings Plan
shall permit each DT Midstream Employee to elect, and the DT Midstream Group shall cause the DT Midstream Savings Plan to accept, in accordance with applicable Law and the terms of the DTE Energy Savings Plan and the DT Midstream Savings Plan, a
rollover of the account balances (including earnings through the date of transfer but excluding promissory notes evidencing all outstanding loans) of such DT Midstream Employee under the DTE Energy Savings Plan, if such rollover is elected in
accordance with applicable Law and the terms of the DTE Energy Savings Plan and by such DT Midstream Employee. Upon completion of a rollover of all or part of the account balance of any DT Midstream Employee, as described in this
Section 3.01(c), DT Midstream and the DT Midstream Savings Plan shall be responsible for all Liabilities of the DTE Energy Group under the DTE Energy Savings Plan with respect to the portion of the account balance of the DT Midstream Employee
whose full or partial account balance was rolled over to the DT Midstream Savings Plan (and his or her respective beneficiaries), and the DTE Energy Group and the DTE Energy Savings Plan shall have no Liabilities to provide the former DTE Energy
Savings Plan participant (or any of the former participant’s beneficiaries) with benefits under the DTE Energy Savings Plan with respect to the portion of the former participant’s account balance so rolled over. In the event a DT Midstream
Employee elects a rollover of all or part of such DTE Midstream Employee’s account balance under the DTE Energy Savings Plan in accordance with this Section 3.01(c), any promissory notes evidencing outstanding loans under the account shall
be subject to the terms and conditions of the DTE Energy Savings Plan. 
 (d) Employer Savings Plan Contributions. The DTE Energy
Group shall remain responsible for making all employer contributions under the DTE Energy Savings Plan with respect to any DT Midstream Employee attributable to compensation earned prior to the Distribution Date and paid by the DTE Energy Group;
provided that, any such employer contributions shall be made by the DTE Energy Group prior to any rollover elected by a DT Midstream Employee under Section 3.01(c). The DTE Energy Group shall cause the DTE Energy Savings Plan to be
amended as necessary to fully vest any employer contributions made to the accounts of DT Midstream Employees that are unvested as of the Distribution Date. On and after the Distribution Date, the DT Midstream Group shall be responsible for all
employer contributions under the DT Midstream Savings Plan attributable to service performed by DT Midstream Employees after the Distribution Date. 

(e) Limitation of Liability; Cooperation. The DTE Energy Group shall have no Liability with respect to the DT Midstream Savings Plan
following the Distribution Date, including responsibility for any failure of DT Midstream to properly administer the DT Midstream Savings Plan in accordance with its terms and applicable Law and any failure to properly administer the accounts of DT
Midstream Employees and their respective beneficiaries, including accounts rolled over in accordance with Section 3.01(c), in such DT Midstream Savings Plan. Following the date of this Agreement, the DTE Energy Group and the DT Midstream Group
shall use commercially reasonable efforts to cooperate in administering the DTE Energy Savings Plan in connection with providing benefits to DT Midstream Employees in accordance with the terms of the DTE Energy Savings Plan, including by exchanging
any necessary participant records. 

  
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 SECTION 3.02. Qualified Defined Benefit Pension Plans. Following the Distribution
Date, the DTE Energy Group shall retain sponsorship of the DTE Energy Pension Plan and the DTE Energy Pension Plan shall retain all Assets and Liabilities arising out of or relating to the DTE Energy Pension Plan, including those relating to each
Business Employee (and their respective beneficiaries) in connection with his or her service prior to the Distribution, including the obligation to make all payments or distributions with respect to such Liabilities in accordance with the terms of
the DTE Energy Pension Plan. As of the Distribution Date, each DT Midstream Employee shall cease active participation in the DTE Energy Pension Plan, other than with respect to benefit accruals as of the Distribution Date. Following the date of this
Agreement, the DTE Energy Group and the DT Midstream Group shall use commercially reasonable efforts to cooperate in administering the DTE Energy Pension Plan in connection with providing benefits to DT Midstream Employees in accordance with the
terms of the DTE Energy Pension Plan, including by exchanging any necessary participant records. For the avoidance of doubt, in no event shall any DT Midstream Employee who is not a participant in, or has not vested in a benefit under, the DTE
Energy Pension Plan prior to the Distribution Date become eligible to receive payments or benefits under the DTE Energy Pension Plan following the Distribution Date. 

SECTION 3.03. Nonqualified Deferred Compensation Plans. Following the Distribution Date, the DTE Energy Group shall retain sponsorship
of the DTE Energy Deferred Compensation Plans and all Assets and Liabilities arising out of or relating to the DTE Energy Deferred Compensation Plans, including those relating to any Business Employee (and their respective beneficiaries) in
connection with his or her service prior to the Distribution, including the obligation to make all payments or distributions with respect to such Liabilities in accordance with the terms of the applicable DTE Energy Deferred Compensation Plan. As of
the Distribution Date, each DT Midstream Employee shall cease active participation in the DTE Energy Deferred Compensation Plans, other than with respect to benefit accruals as of the Distribution Date. The DTE Energy Group shall cause the DTE
Energy Deferred Compensation Plans to be amended as necessary to fully vest all contributions or benefits accrued by any DTE Midstream Employee as of the Distribution Date. The payment or distribution of any compensation to which any DT Midstream
Employee (and their respective beneficiaries) is entitled under the DTE Energy Deferred Compensation Plans shall occur upon the time or times provided for under the applicable DTE Energy Deferred Compensation Plan and such DT Midstream
Employee’s deferral or distribution elections, as applicable. Following the date of this Agreement, the DTE Energy Group and the DT Midstream Group shall use commercially reasonable efforts to cooperate in administering the DTE Energy Deferred
Compensation Plans for purposes of satisfying any obligations relating to the participation of any DT Midstream Employee, including by exchanging any necessary participant records. 

  
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 ARTICLE IV 

WELFARE PLANS 
 SECTION
4.01. Establishment of the DT Midstream Welfare Plans. Effective on or before the Distribution Date, DT Midstream shall adopt, establish and maintain Welfare Plans for the benefit of DT Midstream Employees (the “DT Midstream Welfare
Plans”). 
 SECTION 4.02. Coverage of DT Midstream Employees. As of the Distribution Date, each DT Midstream Employee shall
become eligible to participate in the DT Midstream Welfare Plans, subject to the terms of such plans. To the extent applicable to any DT Midstream Welfare Plans in which DT Midstream Employees become eligible as of the Distribution Date that provide
benefits similar to the benefits that had been provided to such persons under a DTE Energy Welfare Plan immediately prior to such date, DT Midstream shall cause the DT Midstream Welfare Plans to recognize all coverage and contribution elections made
by the DT Midstream Employees under the DTE Energy Welfare Plans in effect for the period immediately prior to the Distribution Date and shall apply such elections under the DT Midstream Welfare Plans for the remainder of the period or periods for
which such elections are by their terms applicable. All beneficiary designations made by DT Midstream Employees under the DTE Energy Welfare Plans shall, to the extent applicable, be transferred to, and be in full force and effect under, the DT
Midstream Welfare Plans until such beneficiary designations are replaced or revoked by the DT Midstream Employee who made the beneficiary designation in accordance with the terms of such plans. With respect to each DT Midstream Employee, each DT
Midstream Welfare Plan shall provide that for purposes of determining eligibility to participate, vesting and calculation of, and entitlement to, benefits, service by the DT Midstream Employee prior to the Distribution Date with DTE Energy and its
Subsidiaries shall be treated as service with the DT Midstream Group. DT Midstream shall cause each DT Midstream Welfare Plan to waive any waiting periods, evidence of insurability requirements and the application of any preexisting condition
limitations with respect to each DT Midstream Employee (and, if applicable, such DT Midstream Employee’s participating spouse and/or dependents). DT Midstream shall cause each DT Midstream Welfare Plan to honor any deductible, co-payment and out-of-pocket maximums incurred by each DT Midstream Employee (and, if applicable, such DT Midstream Employee’s
participating spouse and/or dependents) under the DTE Energy Welfare Plans in which such DT Midstream Employee participated immediately prior to the Distribution Date, if any, in satisfying any deductibles,
co-payments or out-of-pocket maximums under the DT Midstream Welfare Plans in which such DT Midstream Employee is eligible to
participate after the Distribution Date in the same plan year in which any such deductibles, co-payments or out-of-pocket
maximums were incurred. All amounts credited or applied to any annual or lifetime benefit limitation under a DTE Energy Welfare Plan with respect to a DT Midstream Employee (and, if applicable, such DT Midstream Employee’s participating spouse
and/or dependents) shall be credited or applied to the annual or lifetime benefit limitation for such DT Midstream Employee (and, if applicable, such DT Midstream Employee’s participating spouse and/or dependents) under the corresponding DT
Midstream Welfare Plan. 

  
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 SECTION 4.03. Welfare Plan Liabilities. (a) DT Midstream Liabilities.
Except as provided in clause (b) of this Section 4.03, the DT Midstream Group and the DT Midstream Welfare Plans, as applicable, shall retain and be responsible for all claims for welfare benefits (and for any Liabilities arising as a
result of such claims) incurred with respect to any DT Midstream Employee (and, if applicable, such DT Midstream Employee’s participating spouse and/or dependents) on or after the Distribution Date under the DT Midstream Welfare Plans, and no
member of the DTE Energy Group or the DTE Energy Welfare Plans shall assume or retain any such Liabilities. 
 (b) DTE Energy
Liabilities. Following the Distribution, the DTE Energy Group shall retain sponsorship of the DTE Energy Welfare Plans. Except as provided in Sections 4.04, 4.05 and 4.07, the DTE Energy Group and the DTE Energy Welfare Plans shall retain
and continue to be responsible for all claims for welfare benefits (and for any Liabilities arising as a result of such claims) incurred with respect to any Business Employee (and, if applicable, such Business Employee’s participating spouse
and/or dependents) prior to the Distribution Date, whether such claims have been paid or remain unpaid as of such date, and the DT Midstream Welfare Plans shall not assume or retain any such Liabilities. DT Midstream shall reimburse DTE Energy Group
for claims incurred but not paid as of the Distribution Date with respect to any DT Midstream Employee (other than a Transferred Employee). Except as provided in Section 4.05, as of the Distribution Date, each DT Midstream Employee shall cease
participation in the DTE Energy Welfare Plans (other than the DTE Energy Retiree Welfare Plans in accordance with the terms of such DTE Energy Retiree Welfare Plans). 

(c) Claims Incurred. Claims for purposes of this Section 4.03 shall be considered to be incurred as follows: (i) health,
dental, vision, employee assistance program and prescription drug benefits (including in respect of hospital confinement), upon provision of such services, materials or supplies and (ii) life, long-term disability, accidental death and
dismemberment and business travel accident insurance benefits, upon the death, cessation of employment, injury, illness, or other event giving rise to such benefits. 

SECTION 4.04. Disability. (a) DT Midstream shall assume all Liabilities related to extended (short-term) disability benefits
payable to a DT Midstream Employee after the Distribution Date, even if the disability giving rise to the benefits first occurred before the Distribution Date. 

(b) The DTE Energy Welfare Plans shall retain any Liabilities related to long-term disability benefits payable under the terms of the DTE
Energy Welfare Plans to any Business Employee as a result of any disability that first arose before the Distribution Date. The DT Midstream Welfare Plans shall retain and be responsible for any Liabilities related to long-term disability benefits
payable under the terms of the DT Midstream Welfare Plans to any DT Midstream Employee as a result of any disability that first arises on or after the Distribution Date. 

  
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 SECTION 4.05. Workers’ Compensation Claims. Effective on or before the
Distribution Date, DT Midstream shall adopt, establish and maintain a workers’ compensation plan of the DT Midstream Group (each, a “DT Midstream Workers’ Compensation Plan”) for the benefit of DT Midstream Employees. In
the case of any workers’ compensation claim of any DT Midstream Employee in respect of his or her employment with the DTE Energy Group or the DT Midstream Group, such claim shall be covered (a) under the applicable DTE Energy Workers’
Compensation Plan if the Workers’ Compensation Event occurred prior to the Distribution Date and (b) under the applicable DT Midstream Workers’ Compensation Plan if the Workers’ Compensation Event occurs on or after the
Distribution Date. If the Workers’ Compensation Event occurs over a period both preceding and following the Distribution, the claim shall be jointly covered under the DTE Energy Workers’ Compensation Plan and the DT Midstream Workers’
Compensation Plan and shall be equitably apportioned between them based upon the relative periods of time that the Workers’ Compensation Event transpired preceding and following the Distribution. 

SECTION 4.06. COBRA. In the event that a Business Employee or his or her qualified beneficiary was receiving, or was eligible to
receive, continuation health coverage pursuant to COBRA prior to the Distribution Date, DTE Energy and the applicable DTE Energy Welfare Plans shall be responsible for all Liabilities to such employee (or his or her eligible dependents) in respect
of COBRA. In the event a DT Midstream Employee or his or her qualified beneficiary becomes eligible to receive continuation health coverage pursuant to COBRA on or following the Distribution Date, DT Midstream and the DT Midstream Welfare Plans
shall be responsible for all Liabilities to such employee (or his or her eligible dependents) in respect of COBRA. DT Midstream shall indemnify, defend and hold harmless the members of the DTE Energy Group from and against all Liabilities relating
to, arising out of or resulting from COBRA provided by DT Midstream, or the failure of DT Midstream to meet its COBRA obligations, to DT Midstream Employees and their respective eligible dependents. The DTE Energy Welfare Plans shall not treat the
Distribution as a COBRA qualifying event for any DT Midstream Employee (or any eligible dependent of a DT Midstream Employee). 
 SECTION
4.07. Flexible Spending Accounts. As of the Distribution Date, each DT Midstream Employee shall cease participation in the DTE Energy FSA (the “DTE Energy FSA”) and shall become eligible to participate in a flexible spending
account plan established by DT Midstream (the “DT Midstream FSA”), subject to the terms of such plan. Effective as of the Distribution Date, the DT Midstream FSA shall credit or debit the applicable account of each DT Midstream
Employee who, as of the Distribution Date, was a participant in the flexible spending account plan maintained by the DTE Energy Group with an amount equal to the balance of his or her account under the DTE Energy FSA as of the Distribution Date, and
shall continue his or her elections thereunder. If the claims made against a DT Midstream Employee’s DTE Energy FSA account prior to the Distribution Date exceed the amounts credited to such account at the Distribution Date, DT Midstream shall
reimburse the DTE Energy Group for the aggregate amount of such difference. If the amounts credited to a DT Midstream Employee’s DTE Energy FSA account at the Distribution Date exceed the claims made against such account prior to the
Distribution Date, the DTE Energy Group shall reimburse DT Midstream for the aggregate amount of such difference. As of the Distribution Date, the DT Midstream FSA shall assume responsibility for all outstanding dependent care and medical care
claims under the DTE Energy FSA of each DT Midstream Employee and shall assume and perform the obligations from and after the Distribution Date. From and after the Distribution Date, the DTE Energy Group shall provide DT Midstream with such
information within the DTE Energy Group’s possession that DT Midstream may reasonably request to enable it to verify any claims or contribution information pertaining to the DTE Energy FSA. 

  
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 SECTION 4.08. Health Savings Accounts. Any DT Midstream Employee who was contributing
to a health savings account in connection with the DT Midstream Employee’s participation in the DTE Energy Welfare Plans (a “DTE Energy Plan HSA”) shall retain ownership of such DTE Energy Plan HSA following the Distribution
Date. DT Midstream shall take all actions as are necessary to enable any eligible DT Midstream Employee to make health savings account contributions in connection with such DT Midstream Employee’s participation in the DT Midstream Welfare Plans
(a “DT Midstream Plan HSA”) following the Distribution Date. Following the date of this Agreement, the Parties shall use commercially reasonable efforts to cooperate in transferring the DTE Energy Plan HSAs of DT Midstream Employees
to the respective DT Midstream Plan HSAs of such DT Midstream Employees. 
 SECTION 4.09. Retiree Welfare Plans. Following the
Distribution, the DTE Energy Group shall retain sponsorship of the DTE Energy Retiree Welfare Plans and all Liabilities arising out of or relating to the DTE Energy Retiree Welfare Plans relating to any Business Employee (and their respective
beneficiaries) in connection with his or her service prior to the Distribution, including the obligation to make all payments or distributions with respect to such Liabilities in accordance with the terms of the DTE Energy Retiree Welfare Plans. The
DTE Energy Retiree Welfare Plans shall retain all Assets relating to the DTE Energy Retiree Welfare Plans. The DTE Energy Group shall cause (a) each DTE Energy Retiree Welfare Plan (other than the DTE Supplemental Retiree Benefit Plan) to be amended
as necessary to provide to each DT Midstream Employee who is a participant therein immediately prior to the Distribution Date with five additional years of age and service credit solely for vesting purposes effective as of the Distribution Date and
(b) the DTE Supplemental Retiree Benefit Plan to be amended as necessary to fully vest any employer contributions made to the accounts of DT Midstream Employees that are unvested as of the Distribution Date. Any benefits in respect of DT Midstream
Employees that remain unvested after giving effect to the foregoing as of the Distribution Date shall be treated in accordance with the terms of the applicable DTE Energy Retiree Welfare Plan. Following the date of this Agreement, the DTE Energy
Group and the DT Midstream Group shall use commercially reasonable efforts to cooperate in administering the DTE Energy Retiree Welfare Plans for purposes of satisfying any obligations relating to the participation of any DT Midstream Employee,
including by exchanging any necessary participant records. 
 SECTION 4.10. Vacation Buy Plan. As of the Distribution Date, each DT
Midstream Employee shall cease participation in the vacation buy plan maintained by the DTE Energy Group (the “DTE Energy VB”) and shall become eligible to participate in a paid-time off buy plan established by DT Midstream (the
“DT Midstream PTO Buy”), subject to the terms of such plan. Effective as of the Distribution Date, the DT Midstream PTO Buy shall credit or debit the applicable account of each DT Midstream Employee who, as of the Distribution Date,
was a participant in the DTE Energy VB with an amount equal to the balance of his or her account under the DTE Energy VB as of the Distribution Date, and shall continue his or her elections thereunder. If the claims made against a DT Midstream
Employee’s DTE Energy VB account prior to the Distribution Date exceed the amounts credited to such account at the Distribution Date, DT Midstream shall reimburse the DTE Energy Group for the aggregate amount of such difference. If the amounts
credited to a DT Midstream Employee’s DTE Energy VB at the Distribution Date exceed the claims made against such account prior to the Distribution Date, the DTE Energy Group shall reimburse DT Midstream for the aggregate amount of such
difference. As of the Distribution Date, the DT Midstream PTO Buy shall assume responsibility for payment of all vacation time purchased by a DT Midstream Employee before the Distribution Date but unused as of the Distribution Date, consistent with
the terms of the DT Midstream PTO Buy. From and after the Distribution Date, the DTE Energy Group shall provide DT Midstream with such information within the DTE Energy Group’s possession that DT Midstream may reasonably request to enable it to
verify any claims or contribution information pertaining to the DTE Energy VB. 
 ARTICLE V 

CERTAIN OTHER ARRANGEMENTS 

SECTION 5.01. Other DT Midstream Benefit Arrangements. Effective on or before the Distribution Date, the DT Midstream Group shall
adopt, establish and maintain Benefit Plans (other than Pension Plans and Welfare Plans providing post-employment benefits other than COBRA) for the benefit of the DT Midstream Employees and shall be solely responsible for all Liabilities with
respect to such DT Midstream Benefit Plans. 

  
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 SECTION 5.02. No Change in Control. The Distribution shall not constitute a
“change in control” (or term of similar meaning) for purposes of any DTE Energy Benefit Plan. 
 SECTION 5.03. Annual
Bonuses. Effective as of the Distribution Date, the DT Midstream Group shall establish an annual bonus program for the 2021 performance period (the “DT Midstream AIP”) for the benefit of each DT Midstream
Employee who was granted an annual incentive award for 2021 under the DTE Energy Company Annual Incentive Plan (a “2021 AIP Award”) or the DTE Energy Rewarding Employees Plan (a “ 2021 REP Award”). As of the
Distribution Date, each DT Midstream Employee shall cease to be an eligible participant in the DTE Energy Company Annual Incentive Plan and the DTE Energy Rewarding Employees Plan, in accordance with the terms of such plans. Effective as of the
Distribution Date, DT Midstream shall have granted to each such DT Midstream Employee an annual incentive for the 2021 performance period under the DT Midstream AIP (each, a “2021 DT Midstream Annual Award”). On the Distribution
Date, DTE Energy shall (a) provide to DT Midstream documentation detailing the estimated performance achievement and accrued liability with respect to the 2021 AIP Award or 2021 REP Award of each Transferred Employee as of immediately prior to
the Distribution Date, as determined by DTE Energy in its sole discretion, and (b) transfer to DT Midstream an amount equal to the value of the aggregate amount of such accrued liabilities (the “2021 Incentive Payment”).
Following the Distribution Date, (i) DT Midstream shall have sole responsibility and Liability for administering and paying any amount due with respect to any 2021 DT Midstream Annual Award under the DT Midstream AIP or under any other annual
incentive program of the DT Midstream Group or otherwise payable to any DT Midstream Employee following the Distribution Date and (ii) the DTE Energy Group shall have no Liability in respect of the 2021 AIP Awards or 2021 REP Awards, other than the
2021 Incentive Payment as described in this Section 5.03. 
 SECTION 5.04. Severance. Effective as of the Distribution, DTE Energy
shall have no Liability with respect to any severance payable to DT Midstream Employees under any severance plan, program, agreement or arrangement (whether of the DTE Energy Group, the DT Midstream Group or otherwise). It is not intended that any
Business Employee will be eligible for termination or severance payments from the DTE Energy Group or the DT Midstream Group as a result of the transfer or change of employment from the DTE Energy Group to the DT Midstream Group or from the DT
Midstream Group to the DTE Energy Group or the occurrence of the Distribution. 
 ARTICLE VI 

STOCK PLANS 
 SECTION
6.01. DT Midstream Stock Plan. Effective on or before the Distribution Date, the DT Midstream Group shall adopt, establish and maintain an equity compensation plan (the “DT Midstream Stock Plan”). 

  
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 SECTION 6.02. Restricted Stock Awards Held by DT Midstream Employees. Each DTE Energy
Restricted Stock Award held as of immediately prior to the Distribution by any Business Employee who will become a DT Midstream Employee shall be converted into a DT Midstream restricted stock unit award granted under the DT Midstream Stock Plan (a
“Substitute DT Midstream RSU Award”). The number of DT Midstream Shares subject to the Substitute DT Midstream RSU Award shall be equal to the number of DTE Energy Shares subject to the DTE Energy Restricted Stock Award held as of
immediately prior to the Distribution multiplied by a fraction, the numerator of which is the DTE Energy Pre-Distribution Stock Price, and the denominator of which is the DT Midstream Post-Distribution Stock
Price. Each Substitute DT Midstream RSU Award shall vest based on the holder’s employment with the DT Midstream Group. Each Substitute DT Midstream RSU Award shall have substantially the same terms and conditions as the corresponding DTE Energy
Restricted Stock Award, except that the holder thereof shall not have any rights as a stockholder in respect of such Substitute DT Midstream RSU Award until DT Midstream Shares are delivered in settlement of such Substitute DT Midstream RSU Award
and as otherwise provided herein. For the avoidance of doubt, in no event shall any DT Midstream Employee be eligible for (a) vesting with respect to any DTE Energy Restricted Stock Award or (b) accelerated vesting with respect to any Substitute DT
Midstream RSU Award solely as a result of the Distribution. 
 SECTION 6.03. Performance Share Awards Held by DT Midstream Employees.
(a) 2019 Performance Share Awards. Each DTE Energy Performance Share Award granted under the DTE Energy Stock Plan in 2019 and held as of immediately prior to the Distribution (or immediately prior to the Record Date, solely to the extent DTE
Energy elects to settle such award prior thereto) by any Business Employee who will become a DT Midstream Employee shall (i) vest as to two-thirds of the target number of DTE Energy Shares subject to such
DTE Energy Performance Share Award based on actual performance as of December 31, 2020, as determined by the Organization and Compensation Committee of the DTE Energy board of directors in its sole discretion and (ii) forfeit as to one-third of the target number of DTE Energy Shares subject to such DTE Energy Performance Share Award (the portion described in clause (i), a “Vested 2019 DTE Energy Performance Share Award” and
the portion described in clause (ii), a “Forfeited 2019 DTE Energy Performance Share Award”). Each Vested 2019 DTE Energy Performance Share Award shall be settled by DTE Energy in its discretion (x) prior to the Record Date or
(y) no later than 60 days following the Distribution Date in which case the target number of DTE Energy Shares subject to the Vested 2019 DTE Energy Performance Share Award as of immediately prior to the Distribution Date shall be appropriately
adjusted as determined by DTE Energy. Effective as of the Distribution Date, DT Midstream shall grant to each DT Midstream Employee who held a Forfeited 2019 DTE Energy Performance Share Award a performance share award pursuant to the DT Midstream
Stock Plan with a target number of DT Midstream Shares subject to such award equal to the target number of DTE Energy Shares subject to the Forfeited 2019 DTE Energy Performance Share Award multiplied by a fraction, the numerator of which is the DTE
Energy Pre-Distribution Stock Price, and the denominator of which is the DT Midstream Post-Distribution Stock Price (each such award, a “DT Midstream 2019 Performance Share Award”). Each DT
Midstream 2019 Performance Share Award shall have substantially the same terms and conditions as the Forfeited 2019 DTE Energy Performance Share Award to which it relates, provided that the DT Midstream 2019 Performance Share Award shall vest
based on the achievement of DT Midstream performance metrics, as established prior to the Distribution, and the holder’s employment with the DT Midstream Group. 

  
 15 

 (b) 2020 Performance Share Awards. Each DTE Energy Performance Share Award granted
under the DTE Energy Stock Plan in 2020 and held as of immediately prior to the Distribution (or immediately prior to the Record Date, solely to the extent DTE Energy elects to settle such award prior thereto) by any Business Employee who will
become a DT Midstream Employee shall (i) vest as to one-third of the target number of DTE Energy Shares subject to such DTE Energy Performance Share Award based on actual performance as of
December 31, 2020, as determined by the Organization and Compensation Committee of the DTE Energy board of directors in its sole discretion and (ii) forfeit as to two-thirds of the target number of
DTE Energy Shares subject to such DTE Energy Performance Share Award (the portion described in clause (i), a “Vested 2020 DTE Energy Performance Share Award” and the portion described in clause (ii), a “Forfeited 2020 DTE
Energy Performance Share Award”). Each Vested 2020 DTE Energy Performance Share Award shall be settled by DTE Energy in its discretion (x) prior to the Record Date or (y) no later than 60 days following the Distribution Date in
which case the target number of DTE Energy Shares subject to the Vested 2020 DTE Energy Performance Share Award as of immediately prior to the Distribution Date shall be appropriately adjusted as determined by DTE Energy. Effective as of the
Distribution Date, DT Midstream shall grant to each DT Midstream Employee who held a Forfeited 2020 DTE Energy Performance Share Award a performance share award pursuant to the DT Midstream Stock Plan with a target number of DT Midstream Shares
subject to such award equal to the target number of DTE Energy Shares subject to the Forfeited 2020 DTE Energy Performance Share Award multiplied by a fraction, the numerator of which is the DTE Energy
Pre-Distribution Stock Price, and the denominator of which is the DT Midstream Post-Distribution Stock Price (each such award, a “DT Midstream 2020 Performance Share Award”). Each DT Midstream
2020 Performance Share Award shall have substantially the same terms and conditions as the Forfeited 2020 DTE Energy Performance Share Award to which it relates, provided that the DT Midstream 2020 Performance Share Award shall vest based on
the achievement of DT Midstream performance metrics, as established prior to the Distribution, and the holder’s employment with the DT Midstream Group. 

(c) 2021 Performance Share Awards. Each DTE Energy Performance Share Award granted under the DTE Energy Stock Plan in 2021 and held as
of immediately prior to the Distribution by any Business Employee who will become a DT Midstream Employee shall be converted into a substitute DT Midstream performance share award granted under the DT Midstream Stock Plan (a “Substitute DT
Midstream Performance Share Award”). The target number of DT Midstream Shares that are subject to the Substitute DT Midstream Performance Share Award shall be equal to the target number of DTE Energy Shares subject to the DTE Energy
Performance Share Award held as of immediately prior to the Distribution multiplied by a fraction, the numerator of which is the DTE Energy Pre-Distribution Stock Price and the denominator of which is the DT
Midstream Post-Distribution Stock Price. Each Substitute DT Midstream Performance Share Award shall have substantially the same terms and conditions as the DTE Energy Performance Share Award to which it relates, provided that the Substitute DT
Midstream Performance Share Award shall vest based on the achievement of DT Midstream performance metrics, as established prior to the Distribution, and the holder’s employment with the DT Midstream Group. 

SECTION 6.04. Approval and Terms of Equity Awards. DT Midstream shall adopt and approve the issuance of the converted and replacement
awards provided for herein. Notwithstanding the foregoing, awards made under the DT Midstream Stock Plan pursuant to DT Midstream’s obligations under this Agreement shall take into account all employment and service with both DTE Energy and DT
Midstream, and their respective Subsidiaries and Affiliates, for purposes of determining when such awards vest and terminate. The DT Midstream Group shall be solely responsible for all Liabilities with respect to the DT Midstream Stock Plan,
including the Substitute DT Midstream RSU Awards, the DT Midstream 2019 Performance Share Awards, the DT Midstream 2020 Performance Share Awards and the Substitute DT Midstream Performance Share Awards. 

  
 16 

 ARTICLE VII 

COMPENSATION MATTERS AND GENERAL BENEFIT MATTERS 

SECTION 7.01. Cessation of Participation in DTE Energy Benefit Plans. Except as otherwise provided in this Agreement or as required by
the terms of any DTE Energy Benefit Plan or by applicable Law, the DTE Energy Group shall take any and all action as shall be necessary or appropriate so that participation in DTE Energy Benefit Plans by all DT Midstream Employees shall terminate as
of the close of business on the date immediately prior to the Distribution Date and each member of the DT Midstream Group shall cease to be a participating employer under the terms of such DTE Energy Benefit Plans as of such time. 

SECTION 7.02. Assumption of Certain Employee Related Obligations. Except as otherwise provided in this Agreement, effective as of the
close of business on the date immediately prior to the Distribution, DT Midstream shall assume, and the DTE Energy Group shall have no further Liability for, the following agreements and Liabilities, and DT Midstream shall indemnify, defend and hold
harmless each of the DTE Energy Indemnitees from and against any and all expenses and losses incurred or suffered by one or more of the DTE Energy Indemnitees in connection with, relating to, arising out of or due to, directly or indirectly, any of
the following: 
 (a) all agreements entered into between the DTE Energy Group and any DT Midstream Employee or independent
contractor or other service provider providing services to the DT Midstream Group immediately following the Distribution Date; provided that if any such agreement constitutes a Shared Contract, the benefits, obligations and liabilities under
such agreement shall be allocated between DTE Energy and DT Midstream in accordance with Section 2.04 of the Distribution Agreement; 

(b) all wages, salary, incentive compensation, commissions and bonuses payable to DT Midstream Employees on or after the
Distribution Date, without regard to when such wages, salary, incentive compensation, commissions or bonuses are or may have been earned, other than wages and salary earned through the Distribution Date; 

(c) all moving expenses and obligations related to relocation, repatriation, transfers, tuition assistance and adoption
assistance or similar items incurred by or owed to any DT Midstream Employee on or after the Distribution Date; 
 (d) all
immigration-related, visa, work application or similar rights, obligations and liabilities to the extent they are related to any DT Midstream Employees; 

  
 17 

 (e) all offer letters and letter agreements entered into between
(i) the DTE Energy Group, the DT Midstream Group or a former entity owned, in whole or in part, by the DT Midstream Group and (ii) any DT Midstream Employee providing for ongoing benefits and/or compensation for such DT Midstream Employee;
and 
 (f) all Liabilities of the DT Midstream Group or in respect of the operation or conduct of the DT Midstream Business
as conducted at any time (whether prior to or after the Distribution) or any other business conducted by DT Midstream or any other member of the DT Midstream Group at any time after the Distribution, in each case, with respect to claims made by or
with respect to DT Midstream Employees relating to any Benefit Plan not otherwise retained or assumed by the DTE Energy Group pursuant to this Agreement, including such Liabilities relating to actions or omissions of or by the DT Midstream Group or
any officer, director, employee or agent thereof prior to the Distribution Date. 
 SECTION 7.03. Restrictive Covenants in Employment and
Other Agreements. To the extent permitted under applicable Law, following the Distribution, the DT Midstream Group shall be considered to be successors to the DTE Energy Group for purposes of all agreements containing restrictive covenants
(including confidentiality provisions) between the DTE Energy Group and any Business Employee executed prior to the Distribution Date such that the DTE Energy Group and the DT Midstream Group shall all enjoy the rights and benefits under such
agreements, with respect to their respective business operations; provided, however, that (a) in no event shall the DTE Energy Group be permitted to enforce any restrictive covenants against any Business Employees in their capacity as
employees of the DT Midstream Group and (b) in no event shall the DT Midstream Group be permitted to enforce any restrictive covenants against any DTE Energy employees in their capacity as employees of the DTE Energy Group. 

SECTION 7.04. Past Service Credit. With respect to all DT Midstream Employees, as of the Distribution Date, the DT Midstream Group
shall recognize all service recognized under the comparable DTE Energy Benefit Plans for purposes of determining eligibility, participation, vesting and calculation of benefits under comparable plans and programs maintained by the DT Midstream
Group; provided that there shall be no duplication of benefits for DT Midstream Employees under such DT Midstream Group plans and programs. The DTE Energy Group shall provide to DT Midstream copies of any records available to the DTE Energy
Group to document such service, plan participation and membership and cooperate with DT Midstream to resolve any discrepancies or obtain any missing data for purposes of determining benefit eligibility, participation, vesting and calculation of
benefits with respect to the DT Midstream Employees. With respect to retaining, destroying, transferring, sharing, copying and permitting access to all such information, the DTE Energy Group and DT Midstream shall each comply with all applicable
Laws, regulations and internal policies and each Party shall indemnify and hold harmless the other Party from and against any and all Liability that arises from a failure (by the indemnifying Party) to so comply with all applicable Laws, regulations
and internal policies applicable to such information. 
 SECTION 7.05. Accrued Vacation and Other Paid Time Off. Effective as of the
Distribution Date, the DT Midstream Group shall recognize and assume all liability for all paid time off and vacation, holiday, absence bank, sick leave and personal days off (other than deferred banked vacation), accrued by DT Midstream Employees
as of the Distribution Date, and the DT Midstream Group shall credit each DT Midstream Employee with such converted accrued days off. 

  
 18 

 SECTION 7.06. Leaves of Absence. The DT Midstream Group shall continue to apply all
leave of absence policies as in effect immediately prior to the Distribution to inactive DT Midstream Employees who are on an approved leave of absence as of the Distribution Date. Leaves of absence taken by DT Midstream Employees prior to the
Distribution Date shall be deemed to have been taken as employees of DT Midstream. 
 SECTION 7.07. DTE Energy Assets. Except as
otherwise set forth herein, the DTE Energy Group or the DTE Energy Benefit Plans, as applicable, shall retain all reserves, bank accounts, trust funds or other balances maintained with respect to DTE Energy Benefit Plans. 

SECTION 7.08. Further Cooperation; Personnel Records; Data Sharing. The Parties shall provide each other such records and information
as reasonably necessary or appropriate to carry out their obligations under applicable Law or this Agreement or for the purposes of administering their respective plans and policies. Each Party shall be responsible for the accuracy of records and
information provided to the other Party pursuant to this Section 7.08 and shall indemnify such other Party for any losses caused by inaccurate information that it has provided (including failure to timely provide such records and information).
Subject to applicable Law, all information and records regarding employment and personnel matters of Business Employees shall be accessed, retained, held, used, copied and transmitted after the Distribution Date by the DTE Energy Group and DT
Midstream, as applicable, in accordance with all Laws and policies relating to the collection, storage, retention, use, transmittal, disclosure and destruction of such records. Access to such records after the Distribution Date shall be provided to
the DTE Energy Group and DT Midstream, as applicable, in accordance with Article VII of the Distribution Agreement. Notwithstanding the foregoing, the DTE Energy Group shall retain reasonable access to those records necessary for the DTE Energy
Group’s continued administration of any plans or programs on behalf of Business Employees after the Distribution Date, and DT Midstream shall retain reasonable access to those records necessary for DT Midstream’s administration of any
equity award or other compensation or benefit payable or administered by the DT Midstream Group after the Distribution Date, provided that such access shall be limited to individuals who have a job-related
need to access such records. The DTE Energy Group shall also retain copies of all confidentiality agreements with any Business Employee in which the DTE Energy Group has a valid business interest. With respect to retaining, destroying, transferring,
sharing, copying and permitting access to all such information, the DTE Energy Group and DT Midstream shall each comply with all applicable Laws, regulations and internal policies, and each Party shall indemnify and hold harmless the other Party
from and against any and all Liability that arises from a failure (by the indemnifying Party) to so comply with all applicable Laws, regulations and internal policies applicable to such information. 

SECTION 7.09. Tax Deductions. Except as required by a Determination, (a) any DT Midstream Legacy Employee Compensation Deduction
shall be claimed solely by DT Midstream or an applicable member of the DT Midstream Group, (b) any DT Midstream Corporate Employee Compensation Deduction shall be claimed solely by DTE Energy or an applicable member of the DTE Energy Group,
(c) any DTE Energy Equity Compensation Deduction shall be claimed solely by DTE Energy or an applicable member of the DTE Energy Group and (d) any DT Midstream Equity Compensation Deduction shall be claimed solely by DT Midstream or an
applicable member of the DT Midstream Group. 

  
 19 

 ARTICLE VIII 

GENERAL PROVISIONS 

SECTION 8.01. Employment and Plan Rights. Notwithstanding anything to the contrary in this Agreement, the Parties expressly
acknowledge and agree that (a) this Agreement is not intended to create a service-related contract between any member of the DTE Energy Group or the DT Midstream Group, on the one hand, and any employee or service provider, on the other, nor
may any current or former employee or service provider of the DTE Energy Group or the DT Midstream Group rely on this Agreement as the basis for any breach of any service-related contract claim against any member of the DTE Energy Group or the DT
Midstream Group, (b) nothing in this Agreement shall be deemed or construed to require any member of the DTE Energy Group or the DT Midstream Group to continue to employ any particular employee or service provider for any period before or after
the Distribution Date, (c) nothing in this Agreement shall be deemed or construed to limit the right of any member of the DTE Energy Group or the DT Midstream Group to terminate the employment or service of any employee or service provider at
any time before or after the Distribution Date and (d) nothing in this Agreement shall be construed as establishing or amending any Benefit Plan, or any other plan, policy, agreement or arrangement for the benefit of any employee or any other
person of the DTE Energy Group or the DT Midstream Group. 
 SECTION 8.02. Confidentiality. Each Party agrees that any information
conveyed or otherwise received by or on behalf of a Party in conjunction herewith is confidential and is subject to the terms of the confidentiality provisions set forth in Section 7.09 of the Distribution Agreement. 

SECTION 8.03. Administrative Complaints/Litigation. (a) Except as otherwise provided in this Agreement and as set forth in
Section 8.03(b), as of the Distribution Date, DT Midstream shall assume, and be solely liable for, the handling, administration, investigation and defense of actions related to a DT Midstream Benefit Plan or DT Midstream Employees, including
ERISA, as well as any claims based on actions occurring on or after the Distribution Date, including occupational safety and health, employment standards, union grievances, wrongful dismissal, discrimination or human rights and unemployment
compensation claims, asserted at any time against the DTE Energy Group or the DT Midstream Group by any Person other than those related to a DTE Energy Benefit Plan. Any Liabilities arising from such actions shall be deemed DT Midstream Liabilities
under the Distribution Agreement. 
 (b) Except as otherwise provided in this Agreement, as of the Distribution Date, DTE Energy shall
assume, and be solely liable for, the handling, administration, investigation and defense of actions related to a DTE Energy Benefit Plan or any current or former service provider of the DTE Energy Group who does not become a DT Midstream Employee,
including ERISA, as well as any claims based on actions occurring prior to the Distribution Date, including occupational safety and health, employment standards, union grievances, wrongful dismissal, discrimination or human rights and unemployment
compensation claims, asserted at any time against the DTE Energy Group or the DT Midstream Group by any Person. Any Liabilities arising from such actions or as otherwise expressly provided in this Agreement shall be deemed DTE Energy Liabilities
under the Distribution Agreement. 

  
 20 

 SECTION 8.04. Reimbursement and Indemnification. The Parties agree to reimburse each
other, within 30 days of receipt from the other Party of appropriate verification, for all costs and expenses which each may incur on behalf of the other as a result of any of the Benefit Plans and as contemplated by Sections 4.03(b), 4.07 and
4.10. All Liabilities retained, assumed or indemnified against by the DT Midstream Group pursuant to this Agreement shall be subject to indemnification under Section 6.02 of the Distribution Agreement and all Liabilities retained, assumed or
indemnified against by the DTE Energy Group pursuant to this Agreement shall be subject to indemnification under Section 6.03 of the Distribution Agreement, and all such Liabilities shall be subject to the indemnification procedures set forth
in Article VI of the Distribution Agreement. 
 SECTION 8.05. Entire Agreement. This Agreement, including any schedules hereto
and the sections of the Distribution Agreement referenced herein, contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes all previous agreements, negotiations, discussions, writings,
understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or
therein. 
 SECTION 8.06. Section 409A. The Parties shall cooperate in good faith and use reasonable best efforts to ensure that the
Transactions shall not result in adverse tax consequences under Section 409A of the Code to any Business Employee (or any of their respective beneficiaries), in respect of their respective benefits under any Benefit Plan. 

SECTION 8.07. Amendment. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any Party hereto,
unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party. 

SECTION 8.08. Waiver. Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the
Party or parties entitled to the benefit thereof. Any such waiver shall be validly and sufficiently given for the purposes of this Agreement if, as to any Party, it is in writing signed by an authorized representative of such Party. The failure of
either Party to enforce at any time any provision of this Agreement shall not be construed to be a waiver of such provision, or in any way to affect the validity of this Agreement or any part hereof or the right of any Party thereafter to enforce
each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a waiver of any other or subsequent breach. 

  
 21 

 SECTION 8.09. Execution in Counterparts. This Agreement may be executed in one or
more counterparts, all of which counterparts shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be
executed by electronic or PDF signature and scanned and exchanged by electronic mail, and such electronic or PDF signature shall constitute an original for all purposes. 

SECTION 8.10. No Third-Party Beneficiaries. No Business Employee or other current or former employee of any member of the DTE Energy
Group or any member of the DT Midstream Group (or his/her spouse, dependent or beneficiary), or any other person not a Party to this Agreement, shall be entitled to assert any claim hereunder. The provisions of this Agreement are solely for the
benefit of the Parties and are not intended to confer upon any Person except the Parties any rights or remedies hereunder and there are no third-Party beneficiaries of this Agreement and this Agreement shall not provide any third Person with any
remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 

SECTION 8.11. Notices. All notices or other communications under this Agreement shall be in writing and shall be deemed to be duly
given when delivered or mailed in accordance with the terms of Section 11.05 of the Distribution Agreement. 
 SECTION 8.12. Force
Majeure. No Party shall be deemed in default of this Agreement to the extent that any delay or failure in the performance of its obligations under this Agreement results from any cause beyond its reasonable control and without its fault or
negligence, including acts of God, acts of civil or military authority, embargoes, acts of terrorism, epidemics, war, riots, insurrections, fires, explosions, earthquakes, floods, unusually severe weather conditions, labor problems or unavailability
of parts, or, in the case of computer systems, any failure in electrical or air conditioning equipment. In the event of any such excused delay, the time for performance shall be extended for a period equal to the time lost by reason of the delay. A
Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) notify the other Party of the nature and extent of any such force majeure condition and (b) use due diligence
to remove any such causes and resume performance under this Agreement as soon as reasonably feasible. 
 SECTION 8.13. No Public
Announcement. Neither Party hereto shall, without the prior written approval of the other Party, make any press release or other public announcement concerning the transactions contemplated by this Agreement, except as and to the extent that any
such Party shall be so obligated by Law or the rules of any regulatory body or stock exchange, in which case the other Party shall be advised and the Parties shall use their respective commercially reasonable efforts to cause a mutually agreeable
release or announcement to be issued; provided, however, that the foregoing shall not preclude communications or disclosures necessary to implement the provisions of this Agreement or to comply with the accounting and U.S. Securities and
Exchange Commission disclosure obligations or the rules of any stock exchange. 
 SECTION 8.14. Limited Liability. Notwithstanding
any other provision of this Agreement, no Person who is a stockholder, director, employee, officer, agent or representative of DT Midstream or DTE Energy, in such individual’s capacity as such, shall have any Liability in respect of or relating
to the covenants or obligations of DT Midstream or DTE Energy, as applicable, under this Agreement, the Distribution Agreement or any other Ancillary Agreement or in respect of any certificate delivered with respect hereto or thereto, and, to the
fullest extent legally permissible, each of DT Midstream and DTE Energy, for itself and its stockholders, directors, employees, officers and Affiliates, waives and agrees not to seek to assert or enforce any such liability that any such individual
otherwise might have pursuant to applicable Law. 

  
 22 

 SECTION 8.15. Effect if Distribution Does Not Occur. Notwithstanding anything in this
Agreement to the contrary, if the Distribution Agreement is terminated prior to the Distribution, this Agreement shall be of no further force and effect. 

SECTION 8.16. Miscellaneous. Except as otherwise expressly set forth in this Agreement, the provisions of Article XI of the
Distribution Agreement shall apply mutatis mutandis to this Agreement. 
 [Signature Page Follows] 

  
 23 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their
authorized representatives as of the date first above written. 
  

			
	DTE ENERGY COMPANY
		
	By:	 	  

		 	Name: 
		 	Title:   
	
	DT MIDSTREAM, INC.
		
	By:	 	  

		 	Name: 
		 	Title:EX-10.4

 Exhibit 10.4 

DT MIDSTREAM, INC. 

LONG-TERM INCENTIVE PLAN 

ARTICLE I 
 Purposes 

1.1 General Purposes. 
 The purposes of this DT
Midstream, Inc. Long-Term Incentive Plan are: 
 (a) To attract and retain the best available individuals with ability and initiative for
positions of substantial responsibility for the success of the Company; and 
 (b) To provide additional incentive to Employees, Directors,
and other eligible individuals to associate their interests with those of the Company and its shareholders; and 
 (c) To promote the
Company’s success; and 
 (d) To permit the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights,
Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units, and Other Stock-Based Awards. 
 1.2 Use of Proceeds 

The Company will use proceeds it receives from the sale of shares of Common Stock made under this Plan for the general corporate purposes of the Company. 

ARTICLE II 
 Definitions

 2.1 Administrator means: 
 (a)
the Board, with respect to Awards made to members of the Board who are not employees of the Company or a Subsidiary; and 
 (b) the Committee
with respect to Awards made to all other persons. Section 3.3 permits the Committee to delegate some or all of its responsibilities. 
 2.2 Award
means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units or Other Stock Based Awards. 

  
 DT Midstream Long-Term
Incentive Plan — Page 1 of 39 

 2.3 Agreement means the written or electronic agreement setting forth the terms and provisions
applicable to each Award granted under the Plan. Each Agreement is subject to the terms and conditions of the Plan. 
 2.4 Board means the Board of
Directors of the Company. 
 2.5 Change in Control means the occurrence of any of the following events: 

(a) The consummation of a transaction in which the Company is merged, consolidated or reorganized into or with another corporation or other
legal person (the “Surviving Entity”), and as a result of the transaction less than 50% of the combined voting power of the then-outstanding Voting Stock of the Surviving Entity immediately after the transaction is held in the aggregate by
the holders of Voting Stock of the Company immediately prior to the transaction; or 
 (b) The consummation of a sale or transfer in which
the Company sells or otherwise transfers all or substantially all of its assets to another corporation or other legal person (the “Acquiring Entity”), and as a result of the sale or transfer less than 50% of the combined voting power of
the then-outstanding Voting Stock of the Acquiring Entity immediately after the sale or transfer is held in the aggregate (directly or through ownership of Voting Stock of the Company or a Subsidiary) by the holders of Voting Stock of the Company
immediately prior to the sale or transfer. However, a sale or transfer described in this Section 2.5(b) will not constitute a Change in Control if the sale or transfer is pursuant to a spin-off type of
transaction (directly or indirectly) of the Company’s assets to the Company’s shareholders; or 
 (c) The approval by the
shareholders of the Company of a complete liquidation or dissolution of the Company; or 
 (d) Any “person” (as such term is used
in Sections 13(d) and 14(d) of the Exchange Act, other than (A) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Affiliate, or (B) any corporation owned, directly or indirectly, by the
shareholders of the Company in substantially the same proportions as their ownership of the Common Stock) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or
indirectly, of securities of the Company representing thirty percent (30%) or more of the total voting power represented by the Company’s then outstanding Voting Stock; or 

(e) A change in the composition of the Board occurring within any consecutive twelve-month period, as a result of which fewer than a majority
of the directors are Incumbent Directors. “Incumbent Directors” means directors who either (i) are Directors or Directors-Elect as of the first date the Common Stock is listed on any established stock exchange, or (ii) are
elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of the election or nomination (but will not include an individual whose election or nomination is in connection
with an actual or threatened proxy contest relating to the election of directors to the Company). However, a change in the composition of the Board described in this Section 2.5(e) will not constitute a Change in Control if the change in the
composition of the Board is pursuant to a spin-off type of transaction (directly or indirectly) of the Company’s Voting Stock or assets to the Company’s shareholders. 

  
 DT Midstream Long-Term
Incentive Plan — Page 2 of 39 

 For purposes of this Section 2.5: 

(f) “affiliate” means, with respect to any specified person, any other person that directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, the specified person (“control,” “controlled by” and “under common control with” will mean the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of a person, whether through ownership of voting securities, by contact or credit arrangement, as trustee or executor, or otherwise); and 

(g) “Voting Stock” means securities entitled to vote generally in the election of directors. 

2.6 Code means the Internal Revenue Code of 1986, as amended, and the related Treasury Regulations, and any successor or amended section of the Code as
applicable. 
 2.7 Committee means the committee designated by the Board to administer the Plan in accordance with applicable laws. 

2.8 Common Stock means the common stock of the Company. 

2.9 Company means DT Midstream, Inc., a Delaware corporation, or any successor corporation. 

2.10 Control Change Date means the date on which a Change in Control occurs. If a Change in Control results from a series of transactions, the Control
Change Date is the date of the last transaction. 
 2.11 Dividend Equivalent means a credit, made at the discretion of the Administrator, to the
account of a Participant in an amount equal to the value of dividends paid on one Share for each Share represented by an Award held by the Participant. Under no circumstances will the payment of a Dividend Equivalent be contingent on the exercise of
an Option or stock appreciation right. 
 2.12 Exchange Act means the Securities Exchange Act of 1934, as amended. 

2.13 Fair Market Value means, as of any date and unless the Administrator determines otherwise, the value of Common Stock determined as follows: 

(a) If the Common Stock is listed on any established stock exchange or a national market system, its Fair Market Value will be the closing
sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the day of determination, as reported by a source selected by the Administrator; 

  
 DT Midstream Long-Term
Incentive Plan — Page 3 of 39 

 (b) If the Common Stock is regularly quoted by a recognized securities dealer but selling
prices are not reported, the Fair Market Value of a Share of Common Stock will be the mean between the high bid and low asked prices for the Common Stock for the day of determination, as reported by a source selected by the Administrator; or 

(c) In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator.

 (d) For federal, state, and local income tax reporting purposes and for such other purposes as the Administrator deems appropriate, the
Fair Market Value shall be determined by the Administrator in accordance with uniform and nondiscriminatory standards adopted by it from time to time. 

2.14 Incentive Stock Option means an Option intended to qualify as an incentive stock option under Section 422 of the Code and the related
Treasury Regulations. 
 2.15 Nonstatutory Stock Option means an Option that by its terms does not qualify or is not intended to qualify as an
Incentive Stock Option. 
 2.16 Option means a stock option that entitles the holder to purchase from the Company a stated number of shares of Common
Stock at the price in the Agreement. 
 2.17 Other Stock-Based Awards means any other awards not specifically described in the Plan that are valued
in whole or in part by reference to, or are otherwise based on, shares of Common Stock and are created by the Administrator as permitted in Article XII. 

2.18 Participant means an employee or consultant of the Company or a Subsidiary and any member of the Board (whether or not an employee of the Company
or a Subsidiary) who satisfies the requirements of Article IV, has been selected by the Administrator to receive an Award, and has received an Award. 

2.19 Performance Award means an Award granted under Article X or XI. 

2.20 Performance Objectives means one or more objectives determined by the Administrator (in its discretion) to be applicable to a Participant with
respect to an Award. The Performance Objectives may differ from Participant to Participant and from Award to Award. Any criteria used may be measured, as applicable, in absolute or relative terms (including passage of time and/or against another
company or companies), on a per share basis, against the performance of the Company as a whole or any Subsidiary or division of the Company or of a Subsidiary, and on a pre-tax or after-tax basis. 
 2.21 Performance Share Award means an Award granted under Article X. 

  
 DT Midstream Long-Term
Incentive Plan — Page 4 of 39 

 2.22 Performance Unit Award means an Award granted under Article XI. 

2.23 Plan means this DT Midstream, Inc. Long-Term Incentive Plan. 

2.24 Restricted Stock Award means shares of Common Stock issued under an Award granted under Article VIII. 

2.25 Restricted Stock Unit Award means an Award granted under Article IX. 

2.26 Rule 16b-3 means Rule 16b-3 under the Exchange Act or any
successor to Rule 16b-3 as in effect at the applicable time. 
 2.27 Stock Appreciation Right Award means an
Award, granted alone or in connection with an Option, that is designated as a Stock Appreciation Right under Article VII. 
 2.28 Stock Award means
an Award granted under Article VIII or Article IX. 
 2.29 Subsidiary means a “subsidiary corporation” with respect to the Company, whether
now or hereafter existing, as defined in Section 424(f) of the Code. 
 ARTICLE III 

Administration 
 3.1 Authority of
Administrator 
 The Plan is administered by the Administrator. The Administrator has complete authority, in its discretion, to: 

 

	 	(a)	 determine the Fair Market Value of Awards; 

 

	 	(b)	 select the employees, consultants or members of the Board to whom Awards may be granted under this Plan;

  

	 	(c)	 determine the number of shares or cash to be covered by each Award granted under this Plan;

  

	 	(d)	 determine when Awards are to be granted under this Plan and the applicable date of grant;

  

	 	(e)	 approve forms of Agreements for use under this Plan; 

 

	 	(f)	 determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award granted under
this Plan, including but not limited to, the exercise price, the purchase price, the time or times when Awards may be exercised (which may be based on Performance Objectives), any acceleration of vesting or waiver of forfeiture or repurchase
restrictions, and any restriction or limitation regarding any Award or the shares relating thereto, based in each case on such factors as the Administrator, in its sole discretion, may determine; 

  
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	 	(g)	 construe and interpret the terms of this Plan and Awards granted pursuant to this Plan; 

 

	 	(h)	 prescribe, amend and rescind rules and regulations relating to this Plan, including rules and regulations
relating to the creation and administration of sub-plans established for the purpose of satisfying applicable laws of jurisdictions other than the United States; 

 

	 	(i)	 amend the terms of any outstanding Award, including the discretionary authority to extend the post-termination
exercise period of Awards and accelerate the satisfaction of any vesting criteria or waiver of forfeiture or repurchase restrictions, but any amendment that would adversely affect the Participant’s rights under an outstanding Award will not be
made without the Participant’s written consent; 

  

	 	(j)	 allow Participants to satisfy withholding tax obligations by electing to have the Company withhold from the
shares or cash to be issued upon exercise or vesting of an Award up to the number of shares or cash having a Fair Market Value equal to the amount required to be withheld up to the maximum individual income tax rate in the applicable jurisdiction.
The Fair Market Value of any shares to be withheld is to be determined on the date that the amount of tax to be withheld is to be determined, and all elections by a Participant to have shares or cash withheld for this purpose are to be made in such
form and under such conditions as the Administrator may deem necessary or advisable; 

  

	 	(k)	 authorize any person to execute on behalf of the Company any instrument required to effect the grant of an
Award previously granted by the Administrator; 

  

	 	(l)	 allow a Participant to defer the receipt of the payment of cash or the delivery of shares that would otherwise
be due to the Participant under an Award, to the extent permissible under any deferred compensation plan of the Company; 

  

	 	(m)	 determine whether Awards are to be settled in Shares, cash or in a combination of shares and cash;

  

	 	(n)	 determine whether Awards are to be adjusted for Dividend Equivalents; 

 

	 	(o)	 create Other Stock-Based Awards for issuance under this Plan; 

 

	 	(p)	 impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of
any resales by a Participant or other subsequent transfers by the Participant of any shares issued as a result of or under an Award, including without limitation, (A) restrictions under an insider trading policy, and (B) restrictions as to the
use of a specified brokerage firm for such resales or other transfers; 

  
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	 	(q)	 establish one or more programs under this Plan to permit selected Participants the opportunity to elect to
defer receipt of consideration upon exercise of an Award, satisfaction of Performance Objectives, or other event that absent the election, would entitle the Participant to payment or receipt of shares or other consideration under an Award;

  

	 	(r)	 interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in this
Plan and any instrument or agreement relating to an Award; 

  

	 	(s)	 to correct administrative errors; and 

 

	 	(t)	 make all other determinations that the Administrator deems necessary or advisable for administering this Plan.

 The express grant in the Plan of any specific power to the Administrator does not limit any power or authority of the Administrator.
Any decision made or action taken by the Administrator in connection with the administration of this Plan is final and conclusive. The Administrator, any member of the Board or Committee, or the Chief Executive Officer or the President of the
Company is not liable for any act done in good faith with respect to this Plan or any Award or Agreement. All expenses of administering this Plan are borne by the Company. 

3.2 Terms and Amendment of Awards 
 The Administrator has
authority to grant Awards on terms that the Administrator considers appropriate and that are not inconsistent with the provisions of this Plan. 

(a) The terms may include conditions in addition to the conditions in this Plan applicable to the Award. 

(b) Any Agreement specifying the terms of an Award must provide that any Options or Stock Appreciation Rights not exercised, any Stock Award
not vested, or any Performance Award not paid at the time the Participant violates any confidentiality, non-competition, or non-solicitation covenants imposed on the
Participant under a separate agreement between the Participant and the Company or a Subsidiary (as determined under the terms of the separate agreement) are immediately forfeited. 

(c) Each Agreement will specify the required period of service with the Company for full vesting of Awards other than Stock Options and Stock
Appreciation Rights, and the required period of service with the Company before Stock Options or Stock Appreciation Rights can be exercised. Except to the extent required by Article XV (following a Change in Control), effective January 1, 2022, at
least 95% of the shares of Common Stock available for Awards under the Plan will be subject to a vesting or exercise requirement of at least one year of service following the grant of the Award. 

(d) The Administrator may, in its discretion, supersede the terms of any Agreement and accelerate the time at which any Option or Stock
Appreciation Right may be exercised, Stock Awards may become transferable or non-forfeitable, or a Performance Award may be settled, when determined by the Administrator to be equitably required. 

(e) The Administrator may, in its discretion, suspend or waive the forfeiture of any award made under this Plan. 

  
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 3.3 Delegation 

The Committee, in its discretion, may delegate in writing to the Chief Executive Officer, the President of the Company, or a Committee member all or part of
the Committee’s authority and duties with respect to Awards to individuals who are not subject to the reporting and other provisions of Section 16 of the Exchange Act. The Committee may revoke or amend the terms of a delegation at any
time. However, any revocation or amendment of a delegation does not invalidate any prior actions of the Committee’s delegate or delegates that were consistent with the terms of the Plan. 

ARTICLE IV 
 Eligibility

 4.1 General Eligibility 
 Except as limited by
Section 4.2, any employee or consultant of the Company or a Subsidiary (including an entity that becomes a Subsidiary after the adoption of this Plan) or any member of the Board, whether or not the Board member is employed by the Company or a
Subsidiary, is eligible to participate in this Plan if the Administrator, in its sole discretion, determines that the person has contributed significantly or can be expected to contribute significantly to the profits or growth of the Company or a
Subsidiary. 
 4.2 Limited Eligibility for Incentive Stock Options 

Incentive Stock Options may be granted only to persons who are employees of the Company or a “subsidiary,” as defined in Code Section 424(f),
on the date of grant. 
 ARTICLE V 

Common Stock Subject to Plan 
 5.1
Common Stock Issued or Delivered 
 Common Stock to be delivered by the Company under a Stock Award or Other Stock-Based Award, in settlement of a
Performance Award or Other Stock-Based Award, or by exercise of an Option or a Stock Appreciation Right to a Participant (or the Participant’s successor in interest or personal representative or, if the Participant so directs, broker) will be:

 (a) from the Company’s authorized but unissued Common Stock; or 

(b) outstanding Common Stock acquired by or on behalf of the Company in the name of a Participant (or the Participant’s successor in
interest, personal representative or broker); or 
 (c) a combination of (a) and (b). 

  
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 5.2 Maximum Shares Available 

(a) Aggregate Limit 
 No
more than 3,000,000 shares of Common Stock may be issued or acquired and delivered under this Plan through the exercise of Options (including Incentive Stock Options) or Stock Appreciation Rights, the grant of Stock Awards, the settlement of
Performance Awards, or the grant or settlement of Other Stock-Based Awards, all of which may be subject to Incentive Stock Option treatment. The maximum aggregate number of shares of Common Stock that may be issued pursuant to all awards under this
Plan will increase annually on the first day of each fiscal year after the adoption of this Plan by the number of shares of Common Stock equal to the lesser of (i) 1,750,000 shares of Common Stock, or (ii) such lesser amount determined by the
Board. This maximum aggregate number of shares of Common Stock that may be issued or delivered under the Plan is subject to adjustment under Article XIII. The actual number of shares of Common Stock issued or acquired and delivered under the Plan is
determined under Section 5.3. 
 (b) Limit on Awards to Non-Employee Directors 

The total number of shares of Common Stock issued or acquired and delivered under the Plan to any individual member of the Board who is not an
employee of the Company or a Subsidiary cannot exceed 100,000 shares per fiscal year. 
 5.3 Reallocation of Shares 

(a) Termination of Award.    Shares of Common Stock will not be deemed to have been issued under this Plan with
respect to any portion of an Award that is settled in cash or terminated by expiration, forfeiture, or cancellation. Upon payment in shares of Common Stock as the result of the exercise or settlement of an Award, the number of shares of Common Stock
available for issuance under this Plan will be reduced only by the number of shares of Common Stock actually issued in the exercise or settlement. If a Participant pays the exercise price (or purchase price, if applicable) of an Award through the
tender or withholding of shares of Common Stock as full or partial payment of the exercise (or purchase) price, or if shares of Common Stock are tendered or withheld to satisfy any withholding obligations of the Company, the number of shares of
Common Stock tendered or withheld, as applicable, will again be available for issuance through future Awards under this Plan. 
 ARTICLE VI

 Options 
 6.1 Terms of Award

 The Administrator will designate each individual to whom an Option is to be granted. The Agreement for the Option will specify: 

(a) the number of shares of Common Stock covered by the Award; 

(b) the exercise price of the Option, subject to Section 6.2; 

(c) the earliest date when the Option can be exercised, subject to Section 3.2(c); 

  
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 (d) the maximum exercise period of the Option, subject to Section 6.3; 

(e) whether the Option is transferable as permitted under Section 6.5; 

(f) any specific terms regarding exercise of the Option permitted under Section 6.7; and 

(g) any specific terms regarding payment permitted under Section 6.8. 

6.2 Option Price 
 The price per share for shares of
Common Stock purchased on the exercise of an Option will be determined by the Administrator on the date of the Award and cannot be less than the Fair Market Value on the date the Option is awarded; however, with respect to Nonstatutory Stock Options
the price per share may be less than the Fair Market Value on the date of the Award to the extent the Award complies with Section 409A of the Code. 

6.3 Maximum Option Period 
 The maximum period in which
an Option may be exercised will be determined by the Administrator on the date of Award. However, no Option is exercisable more than 10 years after the date the Option was awarded. 

6.4 Non-transferability 

Except as provided in Section 6.5, each Option awarded under this Plan is non-transferable except by will or by
the laws of descent and distribution. Except as provided in Section 6.5, during the lifetime of the Participant to whom the Option is awarded, the Option may be exercised only by the Participant. No right or interest of a Participant in any
Option is liable for, or subject to, any lien, obligation, or liability of the Participant. 
 6.5 Transferable Options 

If the Agreement provides, an Option that is not an Incentive Stock Option may be transferred by a Participant to persons or entities permitted under Rule 16b-3 on terms and conditions permitted under Rule 16b-3. The holder of an Option transferred under this Section is bound by the same terms and conditions that governed the
Option during the period that it was held by the Participant, except this Section 6.5. The transferee may not transfer the Option except by will or the laws of descent and distribution. 

6.6 Status as Employee or Director 
 For purposes of
determining the applicability of Section 422 of the Code (relating to Incentive Stock Options), or if the terms of any Option Agreement provide that the Option may be exercised only during employment or within a specified period of time after
termination of employment or Board service, the Administrator may decide to what extent leaves of absence for governmental or military service, illness, temporary disability, or other reasons will not be deemed interruptions of continuous employment
or Board service. For purposes of this Section 6.6 as applied to an Incentive Stock Option, “disability” is a total and permanent disability as defined in Section 22(e)(3) of the Code. 

  
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 6.7 Exercise 

Subject to the provisions of this Plan and the applicable Agreement, an Option may be exercised in whole at any time or in part from time to time at times and
in compliance with requirements as the Administrator determines. However, if the aggregate Fair Market Value of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any
calendar year (under all plans of the Company and any Subsidiary) exceeds $100,000, the Options for shares with a Fair Market Value in excess of $100,000 will be treated as Nonstatutory Stock Options. For purposes of this Section 6.7, Incentive
Stock Options will be taken into account in the order in which they were granted, and the Fair Market Value of the shares of Common Stock will be determined as of the time the Options with respect to those shares of Common Stock were granted. An
Option awarded under this Plan may be exercised with respect to any number of whole shares less than the full number for which the Option could be exercised. A partial exercise of an Option does not affect the right to exercise the Option from time
to time in accordance with this Plan and the applicable Agreement with respect to the remaining shares subject to the Option. 
 6.8 Payment of Option
Price 
 Subject to rules established by the Administrator and unless otherwise provided in an Agreement, payment of all or part of the Option price may
be made in: 
  

	 	(a)	 cash or a cash equivalent acceptable to the Administrator; 

 

	 	(b)	 check; 

  

	 	(c)	 in the discretion of the Administrator, surrendering or attesting to the ownership of shares of Common Stock
that are already owned by the Participant that meet the conditions established by the Administrator to avoid adverse accounting consequences, valued at their Fair Market Value on the date the Option is exercised; 

 

	 	(d)	 in the discretion of the Administrator, by the delivery (on a form prescribed by the Company) of an irrevocable
direction to a securities broker approved by the Company to sell shares of Common Stock and to deliver all or part of the sales proceeds to the Company in payment of all or part of the exercise price and/or any withholding taxes;

  

	 	(e)	 in the discretion of the Administrator, through a “net exercise” such that, without the payment of
any funds, the Participant may exercise the Option and receive the net number of shares of Common Stock equal to (A) the number of shares of Common Stock as to which the Option is being exercised, multiplied by (B) a fraction, the
numerator of which is the Fair Market Value per share of Common Stock (on such date as is determined by the Administrator) less the exercise price per share of Common Stock, and the denominator of which is such Fair Market Value per share of Common
Stock. The number of net shares of Common Stock to be received will be rounded down to the nearest whole number of shares of Common Stock; 

  
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	 	(f)	 in the discretion of the Administrator, any combination of the foregoing methods of payment; or

  

	 	(g)	 in the discretion of the Administrator, any other consideration and method of payment for the issuance of
shares of Common Stock permitted by applicable laws. 

 If shares of Common Stock are used to pay all or part of the Option price, the sum
of the cash and cash equivalents and the Fair Market Value (determined as of the date of exercise) of the shares surrendered must not be less than the Option price of the shares for which the Option is being exercised. 

6.9 Shareholder Rights 
 No Participant has any rights as
a shareholder with respect to shares subject to the Participant’s Option until the date the Option is exercised. 
 6.10 Disposition of Shares

 A Participant will notify the Company of any sale or other disposition of shares acquired under an Option that was an Incentive Stock Option if the
sale or disposition occurs: 
 (a) within two years of the award of the Option; or 

(b) within one year of the issuance of shares to the Participant. 

The notice must be in writing and directed to the Corporate Secretary of the Company. 

6.11 Restriction on Repricing and Purchasing Options 

Without prior shareholder approval: 
 (a) the
Administrator is not permitted to authorize the amendment of any outstanding Option Award to reduce the Option price; 
 (b) an Option cannot
be cancelled and replaced with new Awards having a lower Option price, where the economic effect would be the same as reducing the Option price of the Option; and 

(c) at any time when the Option price of a previously awarded Option is above the Fair Market Value of one share of Common Stock, the
Administrator is not permitted to offer to purchase the previously awarded Option for a cash payment in substitution for or upon the cancellation of the Option. 

6.12 Incentive Stock Options 
 No Option that is intended
to be an Incentive Stock Option is invalid as an Option for failure to qualify as an Incentive Stock Option. 

  
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 ARTICLE VII 

Stock Appreciation Rights 
 7.1 Terms of
Award 
 The Administrator will designate each individual to whom a Stock Appreciation Right is to be granted. The Agreement for the Stock Appreciation
Right will specify: 
 (a) the number of shares of Common Stock covered by the Award; 

(b) if the Stock Appreciation Right is granted in connection with an Option granted under Article VI (a “Related Stock Appreciation
Right”); 
 (c) the exercise price of a Stock Appreciation Right that is not a Related Stock Appreciation Right (an “Unrelated
Stock Appreciation Right”); 
 (c) the earliest date when the Unrelated Stock Appreciation Right can be exercised, subject to Section
3.2(c); 
 (d) the expiration date of the Unrelated Stock Appreciation Right; 

(e) whether the Unrelated Stock Appreciation Right is transferable as permitted under Section 7.6; 

(f) any specific terms regarding exercise of the Stock Appreciation Right permitted under Section 7.8; and 

(g) any specific terms regarding payment permitted under Section 7.9. 

7.2 Related Stock Appreciation Rights 
 A Related Stock
Appreciation Right granted under this Article VII entitles the holder of an Option, within the period specified for the exercise of the Option, to surrender the unexercised Option (or a portion of the unexercised Option) and receive a payment in
cash or shares of Common Stock, or any combination as determined by the Administrator, having an aggregate value equal to the amount by which the Fair Market Value of each share of Common Stock exceeds the Option price per share of Common Stock,
times the number of shares of Common Stock under the Option, or portion of the Option, surrendered. 
 Each Related Stock Appreciation Right granted under
this Article VII must be subject to the same terms and conditions as the related Option, including limitations on transferability, if any, and is exercisable only to the extent the Option is exercisable. The Related Stock Appreciation Right
terminates or lapses and ceases to be exercisable when the related Option terminates or lapses. The grant of a Related Stock Appreciation Right related to an Incentive Stock Option must be concurrent with the grant of the Incentive Stock Option.
With respect to Nonstatutory Stock Options, the grant of a Related Stock Appreciation Right either may be concurrent with the grant of the Nonstatutory Stock Option, or (to the extent consistent with the exemption for stock appreciation rights under
the Treasury Regulations under Section 409A of the Code) subsequent to the grant of a Nonstatutory Stock Option previously granted under Article VI that is unexercised and that has not terminated or lapsed. 

  
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 7.3 Exercise Price 

The exercise price for an Unrelated Stock Appreciation Right will be determined by the Administrator on the date of the Award and cannot be less than the Fair
Market Value on the date the Unrelated Stock Appreciation Right is awarded. 
 7.4 Exercise Period 

The earliest date on which an Unrelated Stock Appreciation Right may be exercised, and the expiration date of the Unrelated Stock Appreciation Right, will be
determined by the Administrator on the date of Award. However, no Unrelated Stock Appreciation Right is exercisable more than 10 years after the date the Unrelated Stock Appreciation Right was awarded. 

7.5 Non-transferability 

Except as provided in Section 7.6, each Unrelated Stock Appreciation Right awarded under this Plan is
non-transferable except by will or by the laws of descent and distribution. Except as provided in Section 7.6, during the lifetime of the Participant to whom the Unrelated Stock Appreciation Right is
awarded, the Unrelated Stock Appreciation Right may be exercised only by the Participant. No right or interest of a Participant in any Unrelated Stock Appreciation Right is liable for, or subject to, any lien, obligation, or liability of the
Participant. 
 7.6 Transferable Stock Appreciation Rights 

If the Agreement provides, an Unrelated Stock Appreciation Right may be transferred by a Participant to persons or entities permitted under Rule 16b-3 on terms and conditions permitted under Rule 16b-3. The holder of an Unrelated Stock Appreciation Right transferred under this Section is bound by the same terms and
conditions that governed the Unrelated Stock Appreciation Right during the period that it was held by the Participant, except this Section 7.6. The transferee may not transfer the Unrelated Stock Appreciation Right except by will or the laws of
descent and distribution. 
 7.7 Status as Employee, Consultant or Director 

If the terms of any Unrelated Stock Appreciation Right Award provide that the Unrelated Stock Appreciation Right becomes exercisable only during employment,
consultancy or Board service, or after completion of a specified period of employment, consultancy, or Board service, the Administrator may decide in each case to what extent leaves of absence for governmental or military service, illness, temporary
disability, or other reasons will not be deemed interruptions of continuous employment, consultancy, or Board service. 
 The terms of any Related Stock
Appreciation Right Award regarding exercisability must mirror and be decided in the same manner as for the related Option. 
 7.8 Exercise 

Subject to the provisions of this Plan and the applicable Agreement, a Stock Appreciation Right may be exercised in whole at any time or in part from time to
time at times and in compliance with requirements as the Administrator determines. A Stock Appreciation Right awarded under this Plan may be exercised with respect to any number of whole shares less than the full number for which the Stock
Appreciation Right could be exercised. A partial exercise of a Stock Appreciation Right does not affect the right to exercise the Stock Appreciation Right from time to time in accordance with this Plan and the applicable Agreement with respect to
the remaining shares subject to the Stock Appreciation Right. 

  
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 7.9 Payment 

Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment in an amount determined by multiplying: (i) the excess of
the Fair Market Value of a share of Common Stock on the date of exercise over the exercise price by (ii) the number of shares of Common Stock with respect to which the Stock Appreciation Right is exercised. 

The Administrator has the sole discretion to determine, in each case whether the payment with respect to the exercise of a Stock Appreciation Right will be
made in the form of all cash, all Common Stock, or any combination thereof. If payment is to be made in Common Stock, the number of shares of Common Stock will be determined based on the Fair Market Value of the Common Stock on the date of exercise
of the Stock Appreciation Right. If the Administrator elects to make full payment in Common Stock, no fractional shares of Common Stock will be issued and cash payments will be made in lieu of fractional shares. 

7.10 Shareholder Rights 
 No Participant has any rights
as a shareholder with respect to shares subject to the Participant’s Stock Appreciation Right Option until the date the Stock Appreciation Right is exercised and is paid in Common Stock. 

ARTICLE VIII 
 Restricted Stock
Awards 
 8.1 Award 
 The Administrator will
designate each individual to whom a Restricted Stock Award is to be made. The Agreement for the Restricted Stock Award will specify: 
 (a)
the number of shares of Common Stock covered by the Award; 
 (b) when the Restricted Stock Award vests; and 

(c) any Performance Objectives to which the Restricted Stock Award is subject, as described in Section 8.3. 

8.2 Vesting 
 Subject to Section 3.2(c), the
Administrator, on the date of the Award, may prescribe that a Participant’s rights in a Restricted Stock Award will be forfeitable or otherwise restricted for a period of time. 

  
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 8.3 Performance Objectives 

In addition to any vesting of a Stock Award imposed under Section 8.2, the Administrator may prescribe that Restricted Stock Awards will become vested or
transferable or both based on the attainment of specified Performance Objectives. 
 8.4 Status as Employee, Consultant or Director 

If the terms of any Restricted Stock Award provide that shares become transferable and non-forfeitable only after
completion of a specified period of employment, consultancy, or Board service, the Administrator may decide in each case to what extent leaves of absence for governmental or military service, illness, temporary disability, or other reasons will not
be deemed interruptions of continuous employment, consultancy, or Board service. 
 8.5 Shareholder Rights 

Prior to their forfeiture (in accordance with the applicable Agreement and while the shares of Common Stock granted under the Restricted Stock Award may be
forfeited or are non-transferable), a Participant will have all rights of a shareholder with respect to a Restricted Stock Award, including the right to receive dividends and vote the shares. However, during
that period: 
 (a) a Participant may not sell, transfer, pledge, exchange or otherwise dispose of shares granted under a Restricted Stock
Award; 
 (b) the Company will retain custody of the certificates evidencing shares granted under a Restricted Stock Award; and 

(c) if requested by the Administrator, the Participant will deliver to the Company a stock power, endorsed in blank, with respect to each
Restricted Stock Award. 
 After the shares granted under the Restricted Stock Award are transferable and no longer forfeitable, the above limitations will
not apply. The Company will deliver to the Participant certificates evidencing shares of Common Stock subject to the Award as soon thereafter as possible. 

ARTICLE IX 
 Restricted Stock
Unit Awards 
 9.1 Award 
 The Administrator will
designate each individual to whom a Restricted Stock Unit Award is to be made. The Restricted Stock Unit Award Agreement will specify: 
 (a)
the number of shares of Common Stock covered by the Award; 
 (b) when the Restricted Stock Unit Award vests; and 

(c) any Performance Objectives to which the Restricted Stock Unit Award is subject, as described in Section 9.3. 

  
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 Each Restricted Stock Unit covered by an Award is a bookkeeping entry representing an amount equal to the
Fair Market Value of one Share. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 
 9.2 Vesting 

Subject to Section 3.2(c), the Administrator, on the date of the Award, may prescribe that a Participant’s rights in a Restricted Stock Unit Award will
be forfeitable for a period of time. 
 9.3 Performance Objectives 

In addition to any vesting of a Restricted Stock Unit Award imposed under Section 9.2, the Administrator may prescribe that a Restricted Stock Unit Award
will become vested based on the attainment of specified Performance Objectives. 
 9.4 Status as Employee, Consultant or Director 

If the terms of a Restricted Stock Unit Award provide that the shares become non-forfeitable only after completion of
a specified period of employment, consultancy or Board service, the Administrator may decide in each case to what extent leaves of absence for governmental or military service, illness, temporary disability, or other reasons will not be deemed
interruptions of continuous employment, consultancy, or Board service. 
 9.5 Shareholder Rights 

Unless and until the shares subject to a Restricted Stock Unit Award are issued, a Participant will not have any rights of a shareholder with respect to the
shares, including the right to receive dividends and vote the shares. The Award may provide for Dividend Equivalents on the shares, to be earned in cash or shares. The Award may provide for payment of Dividend Equivalents in cash when dividends on
the shares subject to the Restricted Stock Unit Award are paid, even if the shares have not been vested or issued. The Award may provide that the Dividend Equivalents will be subject to the same vesting and Performance Objectives, if any, as the
Restricted Stock Unit Award to which they relate; if the Restricted Stock Units are forfeited, the related Dividend Equivalents will also be forfeited. 

9.6 Payment 
 In the discretion of the Administrator, the
Restricted Stock Units that become non-forfeitable may be settled by the issuance of shares of Common Stock, in cash, or any combination of cash and Common Stock. A fractional share of Common Stock is not
deliverable when a Restricted Stock Unit Award becomes non-forfeitable; a cash payment will be made in lieu of the fractional share. The Administrator will determine when a Restricted Stock Unit Award that has
become non-forfeitable will be settled. To the extent a Restricted Stock Unit Award is settled in Common Stock, the Company will deliver to the Participant certificates evidencing shares of Common Stock. 

  
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 ARTICLE X 

Performance Share Awards 
 10.1 Award

 The Administrator will designate each individual to whom a Performance Share Award is to be made. The Agreement for the Performance Share Award will
specify: 
 (a) the number of shares of Common Stock covered by the award; 

(b) when the Performance Shares vest; 

(c) any Performance Objectives to which the Performance Shares are subject, as described in Section 10.3; 

(d) any shareholder rights granted to the Participant under Section 10.5; and 

(e) whether the Performance Shares are transferable under Section 10.6. 

10.2 Vesting 
 Subject to Section 3.2(c), the
Administrator, on the date of the Award, may prescribe that a Participant’s rights in Performance Shares will be forfeitable for a period of time. 

10.3 Performance Objectives 
 The Administrator, on the
date of the Award, may prescribe that all or a portion of the Performance Shares will be earned, and the Participant will be entitled to receive a payment under the Performance Share Award, only upon the attainment of specified Performance
Objectives during a performance measurement period. 
 10.4 Payment 

In the discretion of the Administrator, the amount payable when a Performance Share Award is earned may be settled in cash, by the issuance of shares of
Common Stock, or any combination of cash and Common Stock. A fractional share of Common Stock is not deliverable when a Performance Share Award is earned; a cash payment will be made in lieu of the fractional share. The Administrator will also
determine when a Performance Share Award that has been earned will be settled. 
 10.5 Shareholder Rights 

No Participant, as a result of receiving a Performance Share Award, has any rights as a shareholder until and to the extent that the Performance Share Award
is earned and settled in shares of Common Stock. After a Performance Share Award is earned and settled in shares, a Participant will have all the rights of a shareholder as described in Section 8.5. However, all Performance Share Awards must
provide that Dividend Equivalents with respect to the Award will not be paid before the Performance Shares are earned and vested. During the period beginning on the date the Performance Shares are awarded and ending on the Award settlement date, the
number of Performance Shares awarded will be increased, assuming full dividend reinvestment at the Fair Market Value on the dividend payment date. The cumulative number of Performance Shares will be adjusted to determine the final payment based on
the attainment of the specified Performance Objectives. The final adjusted number of Performance Shares will be paid as provided under Section 10.4. 

  
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 10.6 Non-Transferability 

Except as provided in Section 10.7, Performance Shares granted under this Plan are non-transferable except by
will or by the laws of descent and distribution. No right or interest of a Participant in an Award of Performance Shares is liable for, or subject to, any lien, obligation, or liability of such Participant. 

10.7 Transferable Performance Shares 
 If the Agreement
provides, Performance Shares may be transferred by a Participant to persons or entities permitted under Rule 16b-3 on terms and conditions permitted under Rule 16b-3.
The holder of the Performance Shares transferred under this Section 10.7 is bound by the same terms and conditions that governed the Performance Shares during the period the Performance Shares were held by the Participant, except this
Section 10.7. The transferee may not transfer Performance Shares except by will or the laws of descent and distribution. 
 10.8 Status as Employee,
Consultant or Director 
 If the terms of any Performance Share Award provide that no payment will be made unless the Participant completes a stated
period of employment, consultancy or Board service, the Administrator may decide to what extent leaves of absence for government or military service, illness, temporary disability, or other reasons will not be deemed interruptions of continuous
employment, consultancy, or Board service. 
 ARTICLE XI 

Performance Unit Awards 
 11.1 Award

 The Administrator will designate each individual to whom a Performance Unit Award is to be made. The Agreement for the Performance Unit Award will
specify: 
 (a) the number of Performance Units covered by the Award, and the value of the Performance Units; 

(b) when the Performance Units vest; 

(c) the Performance Objectives to which the Performance Units are subject, as described in Section 11.3; and 

(d) whether the Performance Units are transferable under Section 11.5. 

11.2 Vesting 
 Subject to Section 3.2(c), the
Administrator, on the date of the Award, may prescribe that a Participant’s rights in Performance Units will be forfeitable for a period of time. 

  
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 11.3 Performance Objectives 

The Administrator, on the date of a Performance Unit Award, may prescribe that all or a portion of the Performance Units will be earned and the Participant
will be entitled to receive a payment under the Performance Unit Award only upon the attainment of Performance Objectives and other criteria prescribed by the Administrator. 

11.4 Payment 
 In the discretion of the Administrator,
the amount payable when a Performance Unit Award is earned may be settled in cash, by the issuance of shares of Common Stock, or any combination of cash and Common Stock. A fractional share of Common Stock is not deliverable when an award of
Performance Units is earned; a cash payment will be made in lieu of the fractional share. The Administrator will also determine when an award of Performance Units that has been earned will be settled. 

11.5 Non-Transferability 

Except as provided in Section 11.6, Performance Units granted under this Plan are non-transferable except by will
or by the laws of descent and distribution. No right or interest of a Participant in an award of Performance Units is liable for, or subject to, any lien, obligation, or liability of such Participant. 

11.6 Transferable Performance Units 
 If provided in an
Agreement, Performance Units may be transferred by a Participant to persons or entities permitted under Rule 16b-3 on terms and conditions as may be permitted under Rule 16b-3. The holder of Performance Units
transferred under this Section 11.6 is bound by the same terms and conditions that governed the Performance Units during the period the Performance Units were held by the Participant, except this Section 11.6. The transferee may not
transfer the Performance Units except by will or the laws of descent and distribution. 
 11.7 Status as Employee, Consultant or Director 

If the terms of a Performance Unit Award provide that a payment will be made only if the Participant completes a stated period of employment, consultancy or
Board service, the Administrator may decide to what extent leaves of absence for governmental or military service, illness, temporary disability or other reasons will not be deemed interruptions of continuous employment, consultancy, or Board
service. 
 11.8 Shareholder Rights 
 No Participant,
as a result of receiving a Performance Unit Award, has any rights as a shareholder of the Company or any Subsidiary on account of the Award. 

  
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 ARTICLE XII 

Other Stock-Based Awards 
 12.1 Awards

 The Administrator will designate each individual to whom an Other Stock-Based Award is to be made. An Other Stock-Based Award may be granted either
alone, in addition to, or in tandem with, other Awards granted under the Plan, cash awards made outside of the Plan, or any combination of Plan Awards and cash awards. The Administrator has the authority to determine the employees, consultants, or
directors to whom and the time or times at which Other Stock Based Awards are made, the amount of such Other Stock Based Awards, and, subject to Section 3.2(c), all other conditions of the Other Stock Based Awards including any dividend or voting
rights. 
 ARTICLE XIII 

Adjustment Upon Change in Common Stock 

13.1 Equitable Adjustments 
 (a) Events
Resulting in Adjustments 
 If any of the following events occurs, the Committee will make the adjustments described in
Section 13.1(b): 
 (i) the Company effects one or more stock dividends, stock split-ups,
subdivisions, consolidations, recapitalization, merger, spin-off, combination, repurchase or exchange of stock, reorganization, liquidation, dissolution or any other
non-recurring dividends or distributions; 
 (ii) the Company engages in any transaction to which
Section 424 of the Code applies; or 
 (iii) there occurs any other event that, in the judgment of the Committee, necessitates
adjustments. 
 (b) Adjustments 

To the extent the Committee determines adjustment is equitably required, an adjustment will be made as the Administrator deems necessary or
appropriate, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan. Such adjustment may include an adjustment to the number and class of shares of Common Stock which may be
delivered under this Plan, the number, class and price of shares of Common Stock subject to outstanding Awards, the number and class of shares of Common Stock issuable pursuant to Options, and the numerical limits contained within the share reserve
section of this Plan. Notwithstanding the preceding sentence, the number of Shares subject to any Award always will be a whole number. 
 (c)
Replacement of Awards 
 The Committee may provide for the replacement of any outstanding Awards under the Plan (or any portion of any
award) with alternative consideration (including, without limitation, cash) as the Committee in good faith determines to be equitable under the circumstances. The Committee may require, in connection with any replacement, the surrender of all Awards
so replaced. 

  
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 (d) Authority of Committee 

Any determination, adjustment, or replacement made by the Committee under this Section 13.1 is final and conclusive. 

13.2 Affect of Issuance of Stock 
 No adjustments
described in Section 13.1(b) will be made as a result of the issuance by the Company of stock of any class or securities convertible into stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the
exercise of rights or warrants to subscribe for the stock or securities, or upon conversion of stock or obligations of the Company convertible into stock or other securities. 

13.3 Substitution of Awards 
 The Committee may grant
Options and Stock Appreciation Rights and make Stock Awards, Performance Awards, and Other Stock-Based Awards in substitution for performance shares, phantom shares, stock awards, stock options, stock appreciation rights, or similar awards held by
an individual who becomes an employee or director of the Company or a Subsidiary in connection with a transaction described in Section 13.1(a). Subject to the requirements of Section 5.2, the terms of the substituted Options, Stock
Appreciation Rights, Stock Awards, Performance Awards, or Other Stock-Based Awards will be as the Committee, in its discretion, determines appropriate. 

ARTICLE XIV 
 Compliance With
Law and Approval of Regulatory Bodies 
 14.1 Required Compliance 

No Option or Stock Appreciation Right will be exercisable, no shares of Common Stock will be issued, no certificates for shares of Common Stock will be
delivered, and no payment will be made under this Plan except in compliance with: 
 (a) all applicable Federal and state laws and
regulations (including, without limitation, withholding tax requirements); 
 (b) any listing agreement to which the Company is a party; and

 (c) the rules of all domestic stock exchanges on which the Company’s shares may be listed. 

The Company has the right to rely on an opinion of its counsel as to compliance with the above. 

  
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 14.2 Legends on Stock Certificates 

Any stock certificate issued to evidence shares of Common Stock: 

(a) when a Restricted Stock Award or Other Stock-Based Award, if applicable, is granted; 

(b) when a Restricted Stock Unit Award, Performance Award, or Other Stock-Based Award, if applicable, is settled; or 

(c) for which an Option or Stock Appreciation Right is exercised 

may bear legends and statements the Administrator deems advisable to assure compliance with Federal and state laws and regulations. 

14.3 Prior Regulatory Approval 
 Until the Company has
obtained any consent or approval deemed advisable by the Administrator from regulatory bodies having jurisdiction over the Plan: 
 (a) no
Option or Stock Appreciation Right will be exercisable; 
 (b) no Stock Award, Performance Award, or Other Stock-Based Award will be granted;

 (c) no shares of Common Stock will be issued; 

(d) no certificate for shares of Common Stock will be delivered; and 

(e) no payment will be made under this Plan. 

ARTICLE XV 
 Change in Control
Provisions 
 15.1 Effect on Awards 

(a) The following provisions govern the treatment of an outstanding Award under this Plan upon a Change in Control if the award is not
continued under Section 15.2(a) and is not substituted under Section 15.2(b): 
 (i) Options and Stock Appreciation Rights

 Each outstanding Option and Stock Appreciation Right (and any Other Stock-Based Award similar in form to an Option or a Stock Appreciation
Right) is fully exercisable (in whole or in part at the discretion of the holder) on and after a Control Change Date. 

  
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 (ii) Restricted Stock Awards 

Each outstanding Restricted Stock Award (and any Other Stock-Based Award similar in form to a Restricted Stock Award) is transferable and non-forfeitable on and after a Control Change Date without regard to whether any Performance Objectives or other conditions to which the Award is subject have been met. 

(iii) Restricted Stock Unit Awards 

Each outstanding Restricted Stock Unit Award (and any Other Stock-Based Award similar in form to a Restricted Stock Unit Award) is non-forfeitable on and after a Control Change Date without regard to whether any Performance Objectives or other conditions to which the Award is subject have been met and will be settled as soon as practicable
thereafter. 
 (iv) Performance Share Awards 

Each outstanding Performance Share Award (and any Other Stock-Based Award similar in form to a Performance Share Award) is earned as of a
Control Change Date and will be settled as soon as practicable thereafter. 
 (v) Performance Unit Awards 

All outstanding Performance Unit Awards are earned as of a Control Change Date and will be settled as soon as practicable thereafter. 

(b) The following provisions govern the treatment of an outstanding Award under this Plan upon a Change in Control if the Award is continued
under Section 15.2(a) or substituted under Section 15.2(b): 
 (i) Options and Stock Appreciation Rights 

Each outstanding Option and Stock Appreciation Right (and each outstanding Other Stock-Based Award similar in form to an Option or a Stock
Appreciation Right) is fully exercisable (in whole or in part at the discretion of the holder) on and after the earlier of: 
 (A) The date
specified in the Award Agreement; or 
 (B) The Participant’s Change in Control Termination. 

(ii) Restricted Stock Awards 

Each outstanding Restricted Stock Award (and each outstanding Other Stock-Based Award similar in form to a Restricted Stock Award) is
transferable and non-forfeitable on and after the earlier of: 
 (A) The date specified in the Award
Agreement; or 

  
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 (B) The Participant’s Change in Control Termination without regard to whether any
Performance Objectives or other conditions to which the Award is subject have been met. 
 (iii) Restricted Stock Unit Awards 

Each outstanding Restricted Stock Unit Award (and each outstanding Other Stock-Based Award similar in form to a Restricted Stock Unit Award) is
non-forfeitable on and after the earlier of: 
 (A) The date specified in the Award Agreement; or

 (B) The Participant’s Change in Control Termination without regard to whether any Performance Objectives or other conditions to
which the Award is subject have been met. 
 (iv) Performance Share Awards 

Each outstanding Performance Share Award (and each outstanding Other Stock-Based Award similar in form to a Performance Share Award) is earned
as of the earlier of: 
 (A) The date specified in the Award Agreement; or 

(B) The Participant’s Change in Control Termination, and will be settled as soon thereafter as practicable. 

(v) Performance Unit Awards 

Each outstanding Performance Unit Award is earned as of the earlier of: 

(A) The date specified in the Award Agreement; or 

(B) The Participant’s Change in Control Termination, and will be settled as soon thereafter as practicable. 

(c) Definitions 
 For
purposes of this Article XV: 
 (i) Change in Control Termination.    A Participant has a Change in Control
Termination if: 
 (A) The Participant’s employment is terminated by the Company or a Subsidiary during the Severance Period other
than: 
 (I) because of the Participant’s death; 

(II) because the Participant became permanently disabled within the meaning of, and began receiving disability benefits under, the Company or
Subsidiary sponsored long-term disability plan in effect for, or applicable to, the Participant immediately prior to the Change in Control; 

  
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 (III) under any mandatory retirement policy of the Company or a Subsidiary; or 

(IV) for Cause; 
 or 

(B) The Participant terminates his or her employment during the Severance Period for Good Reason, regardless of whether any other reason,
other than Cause, for the Participant’s termination exists or has occurred, including other employment. 
 (ii) Severance
Period.    A Severance Period resulting from a Change in Control is the period beginning on the date the Change in Control occurs and ending on the earliest of: 

(A) The second anniversary of the Change in Control; 

(B) The Participant’s attainment of any age (not less than 65) specified if any mandatory retirement policy maintained by the Company; or

 (C) The Participant’s death. 

(iii) Good Reason.    A Participant terminates employment for Good Reason if the Participant terminates his or her
employment during the Severance Period following the occurrence of any of the following events during the Severance Period, provided that, before terminating employment, the Participant gives the Company written notice of the occurrence of the event
within 90 days of the occurrence and the Company fails to cure the event within 30 days of receiving the Participant’s written notice: 

(A) Failure to maintain the Participant in a position within the same or higher employee subgroup (as in existence prior to the Change in
Control) with the Company and/or a Subsidiary, as applicable, which the Participant held immediately prior to the Change in Control, or the removal of the Participant as Chairman of the Company (or any successor to the Company) if the Participant
was Chairman of the Company immediately prior to the Change in Control; 
 (B) A significant adverse change in the nature or scope of the
authorities, powers, functions, responsibilities or duties attached to the position with the Company and its Subsidiaries as compared to other employees in the same employee subgroup within the Company or the Subsidiary which the Participant held
immediately prior to the Change in Control; 

  
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 (C) A reduction in the Participant’s Base Pay or the opportunity to earn Incentive Pay
from the Company, its Subsidiaries or the failure to pay the Participant Base Pay or Incentive Pay earned when due; 
 (D) The termination
or denial of the Participant’s rights to employee benefits or a material reduction in the aggregate scope or value of employee benefits (unless, in the case of welfare benefits or pension benefits the termination, denial or reduction applies to
all similarly situated employees of the Company and its Subsidiaries), any of which is not remedied by the Company within 10 calendar days after the Company receives written notice from the Participant of the change, reduction or termination; 

(E) Without the Participant’s prior written consent, the Company: 

(I) Requires the Participant to change the Participant’s principal location of work to any location that is in excess of 60 miles from
the location immediately prior to the Change in Control; or 
 (II) Requires the Participant to travel away from the Participant’s
office in the course of discharging the Participant’s responsibilities or duties at least 40% more (in terms of aggregate days in any calendar year or in any calendar quarter when annualized for purposes of comparison to any prior year) than
the average number of travel days per calendar year that was required of the Participant in the three full calendar years immediately prior to the Change in Control; 

(iv) Cause.    The Participant’s employment will be considered terminated for Cause if prior to termination of
the Participant’s employment, the Authorized Entity reasonably determines, based on a preponderance of the evidence reasonably available to the Authorized Entity as of the date the Authorized Entity takes the actions described below, that the
Participant committed or engaged in: 
 (A) an intentional act of fraud, embezzlement or theft at a level that constitutes a felony in
connection with the Participant’s duties or in the course of the Participant’s employment with the Company or a Subsidiary, whether or not the Participant is convicted or pleads guilty or nolo contender (no contest) to any related criminal
charges; 
 (B) Intentional wrongful damage to property of the Company or a Subsidiary; 

  
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 (C) Intentional wrongful disclosure of secret processes or confidential information of the
Company or a Subsidiary; 
 (D) Intentional wrongful engagement in any Competitive Activity; 

(E) Willful and continued failure by the Participant to substantially perform the Participant’s duties with the Company that is not cured
within 30 days after the Authorized Entity delivers to the Participant a written demand for substantial performance specifically identifying the Participant’s failure to perform; 

(F) Acts or omissions that cause material damage to the business or financial reputation of the Company or a Subsidiary; or 

(G) Other intentional activity, including but not limited to a breach of the Participant’s fiduciary duties with respect to the Company,
a Subsidiary, or any welfare plan or pension plan sponsored by the Company or a Subsidiary; 
 which, in the reasonable judgment of the
Authorized Entity and based on a preponderance of the evidence available to the Authorized Entity is significantly detrimental to the reputation, goodwill or business of the Company or significantly disrupts the workplace environment or operation of
the Company’s business or administrative activities. 
 For purposes of this Article XV, no act or failure to act on the part of a
Participant will be deemed “intentional” if it was due primarily to an error in the Participant’s judgment or the Participant’s negligence. An act will be deemed “intentional” only if done or omitted to be done by the
Participant not in good faith and without reasonable belief that the Participant’s action or omission was in the best interest of the Company. 

For purposes of this Article XV, the Participant has not been terminated for Cause unless and until: 

(G) If the Authorized Entity is the Board or a committee created by the Board: 

(I) A meeting of the Authorized Entity is called and held for the purpose of determining if the Participant is to be terminated for Cause; and

 (II) The Participant is given reasonable notice of the meeting and an opportunity to be heard before the Authorized Entity, with
Participant’s counsel if the Participant so chooses; and 

  
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 (III) At that meeting the Authorized Entity finds, in the good faith opinion of the
Authorized Entity, that the Participant has committed an act entitling the Authorized Entity to terminate the Participant’s employment for Cause; and 

(IV) The Participant has been provided a copy of the resolution duly adopted at that meeting by the affirmative vote of not less than
three-quarters of the Authorized Entity and specifying in detail the particulars of the Authorized Entity’s finding. 
 (H) If the
Authorized Entity is an individual: 
 (I) The Authorized Entity has made a preliminary determination, in good faith, that the Participant
has committed an act entitling the Authorized Entity to terminate the Participant’s employment for Cause; and 
 (II) The Authorized
Entity gives the Participant reasonable notice of a meeting between the Authorized Entity and the Participant, and the Participant’s counsel if the Participant so chooses, with the meeting notice including the Authorized Entity’s
preliminary determination; and 
 (III) At the meeting the Participant, and the Participant’s counsel if the Participant so chooses, is
given the opportunity to be heard regarding the Authorized Entity’s preliminary determination; and 
 (IV) After the meeting, the
Authorized Entity makes a final determination, in good faith, that the Participant has committed an act entitling the Authorized Entity to terminate the Participant’s employment for cause; and 

(V) The Authorized Entity provides the Participant written notice specifying in detail the particulars of the Authorized Entity’s final
determination. 
 The Participant and the Participant’s beneficiaries retain the right to contest the validity or propriety of the
Authorized Entity’s determination that the Participant’s employment was terminated for Cause. 
 (v) Competitive
Activity.    Competitive Activity is a Participant’s direct employment, without the written consent of the Board (or any Committee of the Board to which the Board delegates its authority in writing), in any business or
enterprise (including the Participant’s own business or enterprise) if: 

  
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 (A) The business or enterprise engages in substantial and direct competition with the
Company or any of its Subsidiaries in any state in which the Company or Subsidiary was engaged in business or actively negotiating to enter business as of the Participant’s Change in Control Termination; and 

(B) The business’s or enterprise’s sales of any product or service competitive with any product or service of the Company or any of
its Subsidiaries amounted to 10% of the business’s or enterprise’s net sales for its most recently completed fiscal year; and 

(C) the Company’s or Subsidiary’s net sales of the competitive product or service amounted to 10% of the Company’s or
Subsidiary’s net sales for its most recently completed fiscal year; and 
 (D) The Board determines the Participant’s employment
in the business or enterprise is detrimental to the Company or any of its Subsidiaries. 
 “Competitive Activity” does not include
the mere ownership of not more than 10% of the total combined voting power or aggregate value of all classes of stock or other securities in the enterprise and the Participant’s exercise of rights resulting from ownership of the stock. 

The Board (or its delegate) has sole discretion and authority to determine if a Participant is engaging in Competitive Activity for purposes of
this Article XV. It is the Participant’s responsibility to provide information sufficient for the Board (or its delegate) to make these determinations. 

(vi) Incentive Pay.    Incentive Pay is the aggregate annual payments of cash or equity compensation (determined
without regard to any deferral election) and annual vesting of equity compensation, in addition to Base Pay, under any bonus, incentive, profit-sharing, performance, discretionary pay or similar agreement, policy, plan, program or arrangement
(whether or not funded) of the Company or a Subsidiary, or any successor, providing economic value on an aggregate basis at least as favorable to the Participant, in terms of the amount of benefits, levels of coverage and performance measures and
levels of required performance, as the benefits payable prior to the Change in Control. 
 (vii) Base Pay.    Base
Pay is the Participant’s annual base salary (prior to any pre-tax deferrals made under any employee benefit plans of the Company) in effect immediately prior to the Change in Control or immediately prior
to the Participant’s Change in Control Termination, if higher. 
 (viii) Authorized Entity.    The Authorized
Entity is the Board. However, the Board, in its discretion, may delegate in writing to the Chief Executive Officer, the President of the Company, the chief Human Resources Officer of the Company, or a committee (created for this purpose) the
Board’s authority and duties under Section 15.1(c)(4) as the Authorized Entity with respect to determining if a Participant has terminated for Cause. 

  
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 15.2 Conversion of Outstanding Awards 

(a) Continuation of Plan 

If the Change in Control is not described in Section 2.5 and the Surviving Entity or Acquiring Entity is a corporation with common stock
publicly traded on an established U.S. stock exchange, the Board may enter into an agreement with the Surviving Entity or Acquiring Entity for the Surviving Entity or Acquiring Entity to adopt and maintain the Plan and to adopt and maintain all
outstanding Award Agreements under the existing terms of the Agreement. Equitable adjustments will be made to all outstanding Award Agreements to reflect the Fair Market Value of the Common Stock as of the day before the Control Change Date and to
substitute Common Stock subject to Agreements with comparable common stock of the Surviving Entity or Acquiring Entity. 
 (b)
Substitution of Plan 
 If the Change in Control is not described in Section 2.5 and the Surviving Entity or Acquiring Entity is
a corporation with common stock publicly traded on an established U.S. stock exchange, the Board may enter into an agreement with the Surviving Entity or Acquiring Entity for the Surviving Entity or Acquiring Entity to adopt a comparable equity
compensation plan and grant new Awards under that plan in substitution for outstanding Awards under this Plan. The fair market value of the common stock of the Surviving Entity or Acquiring Entity subject to the substituted Awards will not be less
than the Fair Market Value of the Common Stock subject to outstanding Awards under this Plan as of the day before the Control Change Date. 
 15.3
Settlement of Awards 
 (a) Options and Stock Appreciation Rights 

(i) If outstanding Options or Stock Appreciation Rights under this Plan are not continued under Section 15.2(a) and are not substituted
under Section 15.2(b) and the Options or Stock Appreciation Rights become exercisable under Section 15.1(a)(i), each Participant with an outstanding Option or Stock Appreciation Right will be paid, for each share of Common Stock for which the
Participant holds an outstanding Option or Stock Appreciation Right, the excess, if any, of the Fair Market Value of the Common Stock as of the day before the Control Change Date over the exercise price of the Option or Stock Appreciation Right.

 (ii) If outstanding Options or Stock Appreciation Rights under this Plan are continued under Section 15.2(a) or substituted under
Section 15.2(b), and the Options or Stock Appreciation Rights become exercisable under Section 15.1(b)(i)(B), the Participant will be paid, for each share of substituted common stock for which the Participant holds an outstanding Option or
Stock Appreciation Right, the excess, if any, of the Fair Market Value of the substituted common stock as of the day before the Participant’s Change in Control Termination over the exercise price of the Option or Stock Appreciation Right. 

  
 DT Midstream Long-Term
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 (b) Stock Awards 

(i) If outstanding Stock Awards under this Plan are not continued under Section 15.2(a) and are not substituted under Section 15.2(b)
and the Stock Awards become transferable and non-forfeitable under Section 15.1(a)(ii) or (iii), each Participant with a Stock Award will be paid, for each share of Common Stock subject to an outstanding
Stock Award, the Fair Market Value of the Common Stock as of the day before the Control Change Date. 
 (ii) If outstanding Stock Awards
under this Plan are continued under Section 15.2(a) or substituted under Section 15.2(b), and the Stock Awards become transferable and non-forfeitable under Section 15.1(b)(ii)(B) or (iii)(B), the
Participant will be paid, for each share of substituted common stock subject to an outstanding Stock Award, the Fair Market Value of the substituted common stock as of the day before the Participant’s Change in Control Termination. 

(c) Performance Share Awards 

(i) If outstanding Performance Share Awards under this Plan are not continued under Section 15.2(a) and are not substituted under
Section 15.2(b) and the Performance Share Awards become earned under Section 15.1(a)(iv), an award is based only on criteria other than Performance Objectives (such as continued service) is earned in full. The amount of a Performance Share
Award based on Performance Objectives earned is the greater of the amount that would have been payable on attainment of: 
 (A) target
levels of performance; or 
 (B) actual levels of performance, 

using performance through the Control Change Date for purposes of determining actual levels of performance. Performance Shares will be settled
in cash based on the Fair Market Value of the Common Stock as of the day before the Control Change Date. 
 (ii) If outstanding Performance
Share Awards under this Plan are continued under Section 15.2(a) or substituted under Section 15.2(b) and the Performance Share Awards become earned under Section 15.1(b)(iv)(B), an award is based only on criteria other than
Performance Objectives (such as continued service) is earned in full. The amount of a Performance Share Award based on Performance Objectives earned is the greater of the amount that would have been payable on attainment of: 

  
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 (A) target levels of performance; or 

(B) actual levels of performance, 

using performance through the date of the Participant’s Change in Control Termination for purposes of determining actual levels of
performance. Performance Shares will be settled in cash based on the Fair Market Value of the substituted common stock as of the day before the Participant’s Change in Control Termination. 

(d) Performance Unit Awards 

(i) If outstanding Performance Unit Awards under this Plan are not continued under Section 15.2(a) and are not substituted under
Section 15.2(b) and the Performance Unit Awards become earned under Section 15.1(a)(v), the amount earned with respect to each award of Performance Units is the greater of the amount that would have been payable on attainment of: 

(A) target levels of performance; or 

(B) actual levels of performance, 

using performance through the Control Change Date for purposes of determining actual levels of performance. Performance Units will be settled
in cash based on the Fair Market Value of the Common Stock as of the day before the Control Change Date. 
 (ii) If outstanding Performance
Unit Awards under this Plan are continued under Section 15.2(a) or substituted under Section 15.2(b) and the Performance Unit Awards become earned under Section 15.1(b)(v)(B), the amount earned with respect to each award of
Performance Units is the greater of the amount that would have been payable on attainment of: 
 (A) target levels of performance; or 

(B) actual levels of performance, 

using performance through the date of the Participant’s Change in Control Termination for purposes of determining actual levels of
performance. Performance Units will be settled in cash based on the Fair Market Value of the substituted common stock as of the day before the Participant’s Change in Control Termination. 

  
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 15.4 Qualified Termination Before Qualified Change-in-Control 
 (a) Status as of Change in Control 

If an Eligible Executive experiences a Qualified Termination, the Eligible Executive will be treated as if a Change in Control occurred the day
before the date of the Eligible Executive’s Qualified Termination. 
 (b) Eligible Executive 

For purposes of this Section 15.4, an “Eligible Executive” is a Participant who has an effective Change in Control Severance
Agreement with the Company at the time of the Participant’s Qualified Termination. 
 (c) Qualified Termination 

For purposes of this Section 15.4, a Qualified Termination is the Eligible Executive’s involuntary termination that entitles the
Eligible Executive to benefits under the Eligible Executive’s Change in Control Severance Agreement, but only if: 
 (i) the
Executive’s involuntary termination occurs during a Severance Period (as defined in the Eligible Executive’s Change in Control Severance Agreement) resulting from a change in control event under the Change in Control Severance Agreement
that precedes and is anticipatory of a second change in control event under the Change in Control Severance Agreement (the “Qualified Severance Period”); and 

(ii) the Executive’s involuntary termination occurs before a Qualified
Change-in-Control occurs under this Plan. 
 (d) Qualified
Change-in-Control 
 For purposes of this
Section 15.4, a Qualified Change-in-Control under this Plan is a Change in Control that: 

(i) occurs after the Eligible Executive’s Qualified Termination; and 

(ii) occurs before the end of the Qualified Severance Period; and 

(iii) is the consummation of the anticipatory event that resulted in the Eligible Executive’s Qualified Severance Period. 

(e) Computation 
 The
outstanding Options or Stock Appreciation Rights held by the Eligible Executive as of the day before the date of the Eligible Executive’s Qualified Termination, reduced by Options or Stock Appreciation Rights exercised by the Eligible Executive
after the Eligible Executive’s Qualified Termination, will be converted under Section 15.2 or settled under Section 15.3, as applicable. 

  
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Incentive Plan — Page 34 of 39 

 The outstanding Stock Awards held by the Eligible Executive as of the day before the date of
the Eligible Executive’s Qualified Termination, reduced by Stock Awards that became transferable and non-forfeitable because of the Eligible Executive’s Qualified Termination, will be converted under
Section 15.2 or settled under Section 15.3, as applicable. 
 The outstanding Performance Shares held by the Eligible Executive as
of the day before the date of the Eligible Executive’s Qualified Termination will be settled under Section 15.3. The settlement amount paid to the Eligible Executive will be reduced by any amount paid to the Eligible Executive after the
Eligible Executive’s Qualified Termination with respect to the same Performance Shares. 
 The outstanding Performance Units held by the
Eligible Executive as of the day before the date of the Eligible Executive’s Qualified Termination will be settled under Section 15.3. The settlement amount paid to the Eligible Executive will be reduced by any amount paid to the Eligible
Executive after the Eligible Executive’s Qualified Termination with respect to the same Performance Units. 
 ARTICLE XVI 

General Provisions 
 16.1 Effect on
Employment and Service 
 The adoption of this Plan, the operation of this Plan, or any document describing or referring to this Plan (or any part of
this Plan) does not: 
 (a) confer on any individual the right to continue in the employ or service of the Company or a Subsidiary; or 

(b) in any way affect any right and power of the Company or a Subsidiary to terminate the employment or service of any individual at any time
with or without a reason. 
 16.2 Unfunded Plan 
 The
Plan is unfunded. The Company is not required to segregate any assets that may at any time be represented by Awards under this Plan. Any liability of the Company to any person with respect to any Award under this Plan is based solely on contractual
obligations created under this Plan. No obligation of the Company under this Plan is secured by any pledge of, or other encumbrance on, any property of the Company. 

16.3 Rules of Construction 
 Headings are given to the
Articles and Sections of this Plan solely as a convenience. The reference to any statute, regulation, or other provision of law refers to any amendment to or successor of the provision. 

  
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 16.4 Restrictions on Transfer of Shares Issued or Delivered 

(a) Company’s Right of First Refusal 

An Agreement may provide that the Company has reserved a right of first refusal to purchase the Common Stock acquired on exercise of Options or
Stock Appreciation Rights or under a Stock Award, a Performance Award, or an Other Stock-Based Award at a price equal to the Fair Market Value per share repurchased determined as of the day preceding the day the Company notifies the Participant of
its intention to repurchase the shares. If the Company reserves this right, the Participant must comply with the terms of the Agreement and any procedures established by the Administrator prior to any disposition of Common Stock acquired under the
Agreement. The Company will have a maximum of five days following the date on which Participant is required to notify the Company of the Participant’s intent to dispose of the Common Stock to advise the Participant whether the Company will
purchase the Common Stock. 
 (b) Additional Restrictions 

An Agreement may provide that the shares of Common Stock to be issued or delivered on exercise of an Option or a Stock Appreciation Right or in
settlement of a Performance Award, a Restricted Stock Unit Award, or an Other Stock-Based Award, or Common Stock issued under a Restricted Stock Award that is no longer subject to forfeiture or the restrictions in Article VIII are subject to
additional restrictions on transfer. 
 16.5 Effect of Acceptance of Award 

By accepting an award under the Plan, a Participant and the Participant’s successor in interest or personal representative is conclusively deemed to have
indicated acceptance or ratification of, and consent to, any action taken under the Plan by the Company or the Administrator. 
 16.6 Governing Law

 The provisions of this Plan will be interpreted and construed in accordance with the laws of the State of Delaware, other than its choice-of-law provisions. 
 16.7 Coordination with Other Plans 

Participation in the Plan does not affect an employee’s eligibility to participate in any other benefit or incentive plan of the Company or any
Subsidiary. Treatment of any income realized as a result of the exercise, vesting, or settlement of Awards under the Plan for purposes of any Company-sponsored or Subsidiary-sponsored employee pension benefit plan, insurance or other employee
benefit programs will be governed by the terms of the other plans or programs. 
 16.8 Tax Withholding 

If required by law, the Company will withhold or cause to be withheld Federal, state and/or local income and employment taxes in connection with the exercise,
vesting or settlement of an Award under the Plan. Unless otherwise provided in the applicable Agreement, each Participant may satisfy any required tax withholding by any of the following means in any combination: 

(a) a cash payment; 

  
 DT Midstream Long-Term
Incentive Plan — Page 36 of 39 

 (b) delivery to the Company of a number of shares of Common Stock previously acquired by the
Participant having a Fair Market Value, on the date the tax liability first arises, equal to the tax liability being paid and, if the shares were acquired from the Company, that have been held by the Participant for at least six months; or 

(c) by authorizing the Company to withhold from the shares of Common Stock otherwise issuable to the Participant under the exercise, vesting or
settlement of an Award either: 
 (i) the number of shares of Common Stock having a Fair Market Value, on the date the tax liability first
arises, equal to the minimum statutory withholding required for the Participant based on applicable law; or 
 (ii) if permitted by the
Company, a specified number of shares of Common Stock having a Fair Market Value of not less than the minimum statutory withholding required for the Participant based on applicable law and not more than tax withholding calculated using the maximum
statutory tax rates in the applicable jurisdiction. 
 If the amount required is not paid, the Company may refuse to issue or deliver shares or cash under
the award. 
 16.9 Clawback 
 (a)
Definitions 
 For purposes of this Section 16.9: 

(i) Dodd-Frank Act means the Dodd-Frank Wall Street Reform and Consumer Protection Act; and 

(ii) incentive compensation means Options, Stock Appreciation Rights, Stock Awards subject to Performance Objectives under
Section 8.3 or 9.3, Performance Shares, Performance Units, and Other Stock-Based Awards subject to Performance Objectives (but specifically excludes Stock Awards subject only to vesting under Section 8.2 or 9.2 and Other Stock-Based Awards
subject only to vesting) paid or awarded to a Participant under the Plan. 
 (b) Conditions Required for Clawback of Incentive
Compensation 
 Clawback of incentive compensation from a Participant may occur when all three of the following conditions exist: 

(i) The incentive compensation payment or award (or vesting of the award) was based on the achievement of financial results reported on Form 10-Q, Form 10-K, or other report filed with the Securities and Exchange Commission and the financial results were the subject of a subsequent restatement because of the
Company’s material noncompliance with any financial reporting requirement under federal securities laws (other than a restatement as a result of a change in applicable accounting principles); and 

  
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Incentive Plan — Page 37 of 39 

 (ii) A lower incentive compensation payment or award would have been made to the Participant
(or lesser or no vesting of the award would have occurred) based on the restated financial results; and 
 (iii) The incentive compensation
payment or award or the vesting of the award occurred during the three-year period preceding the date on which the Company was required to prepare the accounting restatement (with that date determined under applicable regulations under the
Dodd-Frank Act). 
 (c) Clawback of Incentive Compensation 

If the Committee determines that the requirements of Section 16.9(b) have been satisfied, the Company may seek to recover from a
Participant, in accordance with applicable law and regulations and employing the recovery mechanisms in any Clawback Policy adopted by the Company, the portion of any incentive compensation paid to or received by the Participant for or during the
three-year period described in Section 16.9(b)(iii) that is greater than the amount that would have been paid to or received by the Participant if the incentive compensation had been determined based on the restated financial results. 

(d) Adjustment of Outstanding Awards 

If the Committee determines that the requirements of Section 16.9(b) have been satisfied, the Committee may cancel, in whole or in part,
any outstanding incentive compensation award if the Administrator took the Company’s financial results into account in granting the award and those financial results were reduced in the subsequent restatement. 

(e) Acceptance by Participant 

By accepting an award of incentive compensation under the Plan, a Participant (and the Participant’s successor in interest or personal
representative) is conclusively deemed to have accepted the requirements of this Section 16.9 and agreed to comply with any clawback of incentive compensation required by this Section 16.9. 

ARTICLE XVII 
 Amendment

 17.1 Authority to Amend 
 The Board may amend this
Plan from time to time or terminate it at any time. However, no material amendment to the Plan may become effective until shareholder approval is obtained. A material amendment to the Plan is any amendment that would: 

(a) materially increase the aggregate number of shares of Common Stock that may be issued or delivered under the Plan or that may be issued to
a Participant; 

  
 DT Midstream Long-Term
Incentive Plan — Page 38 of 39 

 (b) reduce the price at which an Option is exercisable, either by amendment of an Agreement
or substitution with a new Award with a reduced price; 
 (c) change the types of Awards that may be granted under the Plan; 

(d) expand the classes of persons eligible to receive Awards or otherwise participate in the Plan; or 

(e) require approval of the shareholders of the Company to comply with applicable law or the rules of any domestic stock exchange on which the
Company’s shares are listed. 
 17.2 Participants’ Rights 

No amendment or termination of the Plan may, without a Participant’s consent, adversely affect the rights of the Participant under any Option, any Stock
Appreciation Right, any Stock Award, any Performance Award, or any Other-Stock Based Award outstanding at the time the amendment is made or the termination occurs. 

ARTICLE XVIII 
 Duration of
Plan 
 No Option, Stock Appreciation Right, Stock Award, Performance Award, or Other Stock-Based Award may be granted under this Plan more than 10
years after the earlier of the initial adoption of this Plan by the Board or the initial approval of this Plan by the Company’s shareholders. Options, Stock Appreciation Rights, Stock Awards, Performance Awards, and Other Stock-Based Awards
granted before that date remain valid in accordance with the terms of their Agreements. 
 ARTICLE XIX 

Effective Date of Plan 
 Options, Stock
Appreciation Rights, and Performance Awards (and Other Stock-Based Awards similar in form to Performance Awards) may be granted under the Plan upon its initial adoption by the Board in 2021. However, Options or Stock Appreciation Rights granted
under this Plan may not be exercised, Performance Awards (and Other Stock-Based Awards similar in form to Performance Awards) granted under this Plan cannot be settled in Common Stock or Cash, and Stock Awards (and Other Stock-Based Awards similar
in form to Stock Awards) cannot be issued under this Plan until the Plan is approved by the Company’s shareholder. 

  
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