Document:

Separation, Release and Consulting Agreement

 Exhibit 10.2 
  
 SUMTOTAL SYSTEMS, INC. 
  
 KEVIN OAKES SEPARATION, RELEASE AND CONSULTING AGREEMENT 
  
 This Separation and Consulting Agreement is entered into by and between SumTotal Systems, Inc. (the “Company”) and Kevin Oakes
(“Oakes”) (Oakes and Company may collectively be referred to as “Parties” or, individually, as “Party”). The Agreement shall be effective on the eighth date after Oakes signs the Agreement, assuming the Company has
signed the Agreement by that date (the “Effective Date”). 
  
 1. Interim Employment and Consulting Engagement. Oakes hereby submits his resignation as President of the Company and as an employee of the Company, effective May 31, 2006 (the “Resignation Date”). For the
period from the Effective Date through the Resignation Date, Oakes shall remain the President and an employee of the Company with all of his current compensation and benefits, including his restricted stock that will continue to vest in accordance
with the applicable vesting schedules in the restricted stock agreement entered into with the Company on May 26, 2005 (the “Stock Agreement”), and attached hereto as Exhibit A. In addition, Oakes shall be entitled to the bonus
payment for the first quarter of fiscal year 2006 under the Company’s 2006 Executive and Management Cash Incentive Plan (“Bonus Plan”), attached hereto as Exhibit B, on the same terms and conditions as if he had not tendered
his resignation of employment. For the two year period following the Resignation Date (i.e., June 1, 2006 through May 31, 2008), Oakes shall serve as a consultant to the Company on the terms set forth in Section 4 of this Agreement
(the “Consulting Term”). 
  
 2. Board
Membership. Oakes shall remain a member of the Board of Directors until his term expires at the Company’s 2007 annual shareholder meeting. 
  
 3. Benefits Upon Separation From Employment. Upon the Resignation Date, the Company shall pay Oakes (a) all base salary accrued through
the Resignation Date, (b) all pay for accrued but unused vacation, if any, and (c) all business expenses required to reimbursed under the Company’s expense reimbursement policy. For clarification purposes, Oakes shall not be entitled
to any payment pursuant to the Company’s 2006 Bonus Plan, for the second through the fourth quarters, nor shall he be entitled to any payment of the MIT portion of the Bonus Plan for any part of the 2006 year. All vesting on equity compensation
shall cease as of the Resignation Date. Any stock options that vested prior to the Resignation Date may be exercised or sold pursuant to the applicable option agreement and Company policy. Except as expressly provided in this Agreement, Oakes is not
entitled to any other payments or benefits, including salary, severance, bonus, restricted stock vesting. 
  
 4. Retention Bonus. Oakes and the Company agree that Oakes is resigning his employment with the Company for “Good Reason”, as
defined in the retention bonus agreement described below, and, therefore, Oakes has triggered the acceleration of the retention bonus obligation as set forth in the retention bonus agreement entered into between Oakes and the Company on
October 21, 2005 (the “Retention Bonus Agreement”), attached hereto as Exhibit C. Assuming Oakes has signed the release as required in the Retention Bonus Agreement, by mutual agreement Oakes shall receive his retention bonus
of $480,000 on January 12, 2007 (“Retention 

 Bonus”). Such Retention Bonus shall be subject to the Company’s standard tax
and payroll withholdings. 
  
 5. Duties and Scope of
Consulting Agreement. 
  
 (a) Positions and
Duties. Through the Consulting Term, Oakes will serve as a consultant to the Company and shall perform such services in his areas of expertise and as requested by the Company’s Board of Directors. Oakes will render such business and
professional services, in ways and at times as reasonably requested by the Board of Directors. 
  
 (b) Obligations. During the Consulting Term, Oakes will devote his business efforts and time to the Company, and, (a) for the first year of the Consulting Term, be available to work sixty
(60) hours per month, and, (b) for the second year of the Consulting Term, be available to work forty (40) hours per month. Oakes may serve on other board of directors and serve in any capacity with any civic, educational, or
charitable organization, provided such services do not interfere with Oakes’s obligations to Company. Throughout Consulting Term, Oakes and the Company agree that Oakes may also engage in other employment or consulting activity without the
prior approval of the Company; provided, however, that if the Oakes is unable to perform the requested duties of the Board of Directors, Oakes or the Company may terminate this Agreement as set forth in Section 8 below. Oakes also agrees that
he will notify the Company, in writing, upon accepting any full or part-time employment or consulting activity. Such notice shall include the identity of the organization, the nature of the services Oakes is to provide, and whether Oakes will be
receiving health care in connection with providing such services. 
  
 6. Compensation for Consulting Services. 
  
 (a) Consulting Fees. Throughout the Consulting Term, the Company will pay Oakes an annual retainer fee of $100,000 as compensation for his consulting services (“Consulting Fees”). The annual Consulting Fees
will be paid in two equal installments, every six months, commencing on June 1, 2006. For clarification purposes, Oakes shall receive a payment of $50,000 on each of the following dates: June 1, 2006, December 1,
2006, June 1, 2007 and December 1, 2007. Oakes shall file all reports and returns and pay all federal, state and local taxes that are applicable to the Consulting Fees, including income, business occupation taxes, and self-employment
taxes. The Company shall not be responsible for withholding or paying any taxes on any the Consulting Fees and shall issue Oakes a Form 1099 for such Consulting Fees. Oakes hereby indemnifies the Company for any taxes that Oakes fails to make in
connection with his receipt of the Consulting Fees. 
  
 (b)
URL Assignment. The Company agrees to assign all of its rights to the “Topshelf.com” URL to Oakes, which assignment shall be effective upon the Resignation Date. Oakes agrees to work with Company counsel to ensure the orderly
effectuation of such assignment. 
  
 (c) COBRA
Reimbursement. Oakes acknowledges that his group insurance coverage will terminate on the Resignation Date. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group
health insurance policies, Oakes will be eligible to continue his group health insurance benefits through the maximum required period of eighteen (18) months after his qualifying event, his Resignation Date. If Oakes or his 

  

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family experiences another qualifying event while receiving COBRA continuation coverage, Oakes may be able to receive up to 18 additional months of COBRA
continuation coverage, for a total maximum of 36 months. Upon termination of COBRA coverage, Oakes may be able to convert to an individual policy through the provider of the Company’s health insurance, if he so chooses. The Company shall
reimburse Oakes for COBRA premiums, for the maximum period allowed by COBRA throughout the duration of Oakes’ Consulting Term, provided Oakes elects to continue medical coverage through COBRA. The Company’s obligation to provide Oakes
COBRA reimbursement shall cease in the event Oakes becomes eligible for other company-provided health coverage. 
  
 7. Expenses. The Company will reimburse Oakes for all reasonable travel, entertainment, and other expenses incurred by Oakes in the
furtherance of the performance of Oakes’s duties hereunder, in accordance with the Company’s expense reimbursement policy as in effect from time to time; provided, however, that Oakes receives the prior consent of the CEO prior to
incurring such expenses. 
  
 8. Termination of Consulting
Agreement. 
  
 (a) Termination Without
Cause. If Oakes’s engagement is terminated by the Company without Cause as defined in the Change of Control Agreement entered into between Oakes and the Company on September 7, 2004 (the “Change of Control Agreement”),
attached hereto as Exhibit D, then Oakes will receive: (i) the balance of the Consulting Fees for the period of time from the date of the early termination of the Consulting Term through May 31, 2008, which amount shall be paid in
one lump sum within ten (10) business days following such termination, and (ii) continued reimbursement of COBRA premiums, payable when such premiums are due, for the shorter of: (i) the period of time from the date of the early
termination of the Consulting Term through May 31, 2008, or (b) the period of time Oakes is eligible for COBRA. 
  
 (b) Termination for Cause or Voluntary Resignation. In the event the company terminates Oakes’ consulting engagement for Cause or Oakes
voluntarily resigns his consulting engagement prior to the natural expiration of the Consulting Term, Oakes shall not be entitled to any further payments of the Consulting Fees or COBRA reimbursements, and Oakes shall reimburse the Company for the
pro rata portion of his Consulting Fees that he has not yet earned. For clarification purposes, if Oakes resigns his employment on September 1, 2007, Oakes shall reimburse the Company $25,000, and Oakes shall not be entitled to any further
payment of the Consulting Fee or reimbursement of COBRA. 
  
 (c)
Sole Right to Payments. This section represents Oakes’s sole entitlement to payments and benefits in connection with the early termination of his consulting engagement, if any. 
  
 9. Releases. 
  
 (a) Release of Claims. In exchange for the payments and other
consideration under this Agreement to which Oakes is not otherwise entitled, Oakes hereby releases, acquits and forever discharges the Company, its parents and subsidiaries, and its and their respective officers, directors, agents, servants,
employees, attorneys, shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, 
  

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 damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected
and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the Effective Date, including but not limited to: all such claims and demands directly or
indirectly arising out of or in any way connected with his employment with the Company or the termination of that employment; claims or demands related to salary, bonuses, commissions, stock, stock options, restricted stock, or any other ownership
interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, bonus payments, or any other form of compensation; claims pursuant to any federal, state or local law, statute, or cause of action including, but not
limited to, the federal Civil Rights Act of 1964, as amended, including without limitation claims for attorneys’ fees, the Equal Pay Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the
Washington Law Against Discrimination, the Washington Minimum Wage Act, Chapters 49.48 and 49.52 of the Revised Code of Washington, any other federal, state or local laws concerning employment, civil rights, tort law; contract law; wrongful
discharge; discrimination; harassment; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair dealing. By signing this Agreement, Oakes agrees that he will not pursue any claim against the Company. If Oakes
breaks this promise, Oakes agrees to pay the Company’s costs and expenses (including reasonable attorneys’ fees) related to the defense of any such claims. The Company and Oakes agree that the release set forth in this section will be and
remain in effect in all respects as a complete general release as to the matters released. This release does not extend to any obligations incurred under this Agreement. 
  
 (b) Acknowledgement of Waiver of Claims Under ADEA. Oakes acknowledges that you are knowingly and voluntarily
waiving and releasing any rights he may have under the ADEA, as amended. He also acknowledges that the consideration given for the waiver and release in this Agreement is in addition to anything of value to which he was already entitled. He further
acknowledges that he has been advised by this writing, as required by the ADEA, that: (a) he has carefully read and fully understands the provisions of this Agreement; (b) he is, through this Agreement, releasing the Company from any and
all claims he may have against it, its parent, subsidiaries, predecessors, successors, affiliates and related entities; (c) he has knowingly and voluntarily agreed to all of the terms set forth in the agreement; (d) he knowingly and
voluntarily intends to be legally bound by the Agreement; (e) his waiver and release do not apply to any rights or claims that may arise after the Effective Date of this Agreement; (f) he has been advised hereby that he has the right to
consult with an attorney prior to executing this Agreement; (g) he has twenty-one (21) days to consider this Agreement (although he may choose to voluntarily execute this Agreement earlier); (h) he has seven (7) days following
the execution of this Agreement to revoke the Agreement; and (i) this Agreement shall not be effective until the date upon which the revocation period has expired, which shall be the eighth day after this Agreement is executed by him, provided
that the Company has also executed this Agreement by that date. 
  
 (c) Civil Code Section 1542. In connection with the foregoing general release, the Oakes acknowledges that he has read and understand Section 1542 of the Civil Code of the State of California, which provides in full
as follows: 
  

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	 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

  
 Oakes hereby expressly
waives and relinquishes all rights and benefits that he has or may have under Section 1542 or any comparable code sections applicable in other jurisdictions with respect to the release of unknown claims granted in this agreement. Oakes
acknowledges that he or his agents may hereafter discover facts or claims in addition to or different from those he now knows or believes to exist, but that he nevertheless intends to fully and finally settle all claims released herein. 

 
 10. Return of Company Property. Within three
(3) business days of the termination of the Consulting Period, Oakes agrees to return to the Company all Company documents (and all copies thereof) and other Company property which Oakes has had in his possession at any time, including, but not
limited to, Company files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not limited to, computers), credit cards, entry cards,
identification badges and keys; and, any materials of any kind which contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). 
  
 11. Indemnification. The Indemnification Agreement dated April 14, 2004 between Oakes and the Company
(the “Indemnification Agreement”), attached hereto as Exhibit E, shall remain in full force and effect and shall not be amended or modified by this Agreement. Oakes shall continue to be subject to the rights and obligations under
the Indemnification Agreement for the longer of (a) the Consulting Term or (b) until the termination of his service as a Board member. 
  
 12. Confidential Information. Oakes and the Company agree that Oakes’ Employee Invention, Confidentiality, Nonsolicitation, and
Noncompetition Agreement entered into with the Company on January 6, 2006, (the “Confidentiality Agreement”) and attached hereto as Exhibit F, shall remain in full force and effect throughout the duration of the Consulting
Term, including, without limitation, the non-competition and non-solicitation provisions of such agreement, which provisions shall terminate one year following the expiration of the Consulting Term. 
  
 13. Notices. All notices, requests, demands, and other
communications called for hereunder will be in writing and will be deemed given (a) on the date of delivery if delivered personally, or (b) one day after being sent overnight by a well established commercial overnight service, addressed to
the parties or their successors at the following addresses, or at such other addresses as the parties may later designate in writing: 
  
 If to the Company: 
  
 Attn: General Counsel 
 SumTotal
Systems, Inc. 
 1808 North Shoreline Boulevard 
 Mountain View, CA 94043 
  

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 If to Oakes: 
  

Attn: Kevin Oakes 
  
 14. Severability. If any of the provisions of this Agreement are held void or unenforceable, then such provision shall be modified by the
court making such determination to the extent necessary in order to render such provision valid and enforceable; if such provision may not be so saved, it will be severed. The remaining provisions shall nevertheless be effective, the intent being to
effectuate this Agreement to the fullest extent possible 
  
 15.
Integration. This Agreement supersedes all other agreements, whether written or oral, between the Company and Oakes except the Stock Agreement and any other stock option agreements, the Indemnification Agreement, and the
Confidentiality Agreement. Oakes acknowledges that his Change of Control Agreement shall expire on the Resignation Date. 
  
 16. Headings. All captions and Section headings used in this Agreement are for convenient reference only and do not form a part of this
Agreement. 
  
 17. Governing Law. This Agreement
will be governed by the laws of the State of Washington. 
  
 18.
Acknowledgment. Oakes acknowledges that he has had the opportunity to discuss this matter with and obtain advice from his private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of
this Agreement, and is knowingly and voluntarily entering into this Agreement. 
  

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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by a duly
authorized officer, as of the day and year written below. 
  

			
	COMPANY:	  	 
		
	SUMTOTAL SYSTEMS, INC.	  	 
		
	 /s/ Jack Acosta

	  	Date: 2/10/06
	Name: Jack Acosta	  	 
	Title: Chairman	  	 
		
	KEVIN OAKES:	  	 
		
	 /s/ Kevin Oakes

	  	Date: 2/10/06
	Signature	  	 

  
 [SIGNATURE PAGE TO
K. OAKES SEPARATION, RELEASE AND CONSULTING AGREEMENT] 
  

 -7-Form of Supplemental Indenture to Senior Indenture

 Exhibit 4.2 
  

DOMINION RESOURCES, INC. 
 Issuer 

 
 TO 
  
 JPMORGAN CHASE BANK, N.A. 
 (formerly known as The Chase Manhattan Bank) 
 Trustee 
  

  
                      Supplemental Indenture 
  

Dated as of                     ,
20     
  

  

$             
  
              Series     
            % Senior Notes 
  
 Due 20     

 TABLE OF CONTENTS* 
  
 ARTICLE I

              SERIES     
            % SENIOR NOTES DUE              
  

					
	 SECTION 101.
	  	Establishment	  	1
	 SECTION 102.
	  	Definitions	  	2
	 SECTION 103.
	  	Payment of Principal and Interest	  	4
	 SECTION 104.
	  	Denominations	  	5
	 SECTION 105.
	  	Global Securities	  	5
	 SECTION 106.
	  	Redemption	  	6
	 SECTION 107.
	  	Sinking Fund	  	7
	 SECTION 108.
	  	Additional Interest	  	7
	 SECTION 109.
	  	Paying Agent	  	7
	 SECTION 110.
	  	Limitation on Liens	  	7

  
 ARTICLE II 

MISCELLANEOUS PROVISIONS 
  

					
	 SECTION 201.
	  	Recitals by Company	  	10
	 SECTION 202.
	  	Ratification and Incorporation of Original Indenture	  	10
	 SECTION 203.
	  	Executed in Counterparts	  	10
	 SECTION 204.
	  	Assignment	  	10

	*	This Table of Contents does not constitute part of the Indenture or have any bearing upon the interpretation of any of its terms and provisions.

 THIS
                         SUPPLEMENTAL INDENTURE is made as of the      day of
            , 20    , by and between DOMINION RESOURCES, INC., a Virginia corporation, having its principal office at 120 Tredegar Street, Richmond,
Virginia 23219 (the “Company”), and JPMORGAN CHASE BANK, N.A. (formerly known as THE CHASE MANHATTAN BANK), a national banking association, as Trustee (herein called the “Trustee”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Company has heretofore entered into a Senior Indenture, dated as
of June 1, 2000 (the “Original Indenture”), as heretofore supplemented and amended, with the Trustee; 
  
 WHEREAS, the Original Indenture is incorporated herein by this reference and the Original Indenture, as heretofore supplemented and amended and as further
supplemented by this                      Supplemental Indenture, is herein called the “Indenture”; 
  
 WHEREAS, under the Original Indenture, a new series of Securities may at any
time be established in accordance with the provisions of the Original Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Trustee; 
  
 WHEREAS, the Company proposes to create under the Indenture a series of
Securities; 
  
 WHEREAS, additional Securities of other series
hereafter established, except as may be limited in the Original Indenture as at the time supplemented and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified; and 
  
 WHEREAS, all conditions necessary to authorize the execution and delivery of
this                      Supplemental Indenture and to make it a valid and binding obligation of the Company have been done or performed.

  
 NOW, THEREFORE, in consideration of the agreements and
obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
              SERIES                  % SENIOR NOTES DUE
             
  
 SECTION 101. Establishment. There is hereby established a new series of Securities to be issued under the Indenture, to be designated as the Company’s
             Series                  % Senior Notes Due
             (the “Series              Senior Notes”). 
  
 There are to be authenticated and delivered
$    ,000,000 principal amount of Series              Senior Notes, and such principal amount of the Series
             Senior Notes may be increased from time to time pursuant to Section 301(2) of the Indenture. All Series
             Senior Notes need not be issued at the same time and such series may be reopened at any time, without the consent of any Holder, for issuances of additional Series
             Senior Notes. Any such additional Series              

 Notes will have the same interest rate, maturity and other terms as those initially issued. Further Series
             Senior Notes may also be authenticated and delivered as provided by Sections 304, 305, 306, 905 or 1107 of the Original Indenture. 
  
 The Series
             Senior Notes shall be issued in definitive fully registered form without coupons, in substantially the form set out in Exhibit A hereto. The entire initially
issued principal amount of the Series              Senior Notes shall initially be evidenced by one or more certificates issued to Cede & Co., as nominee for The Depository
Trust Company. 
  
 The form of the Trustee’s Certificate of
Authentication for the Series              Senior Notes shall be in substantially the form set forth in Exhibit B hereto. 
  
 Each Series
             Senior Note shall be dated the date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment
Date to which interest has been paid or duly provided for. 
  
 SECTION 102. Definitions. The following defined terms used herein shall, unless the context otherwise requires, have the meanings specified below. Capitalized terms used herein for which no definition is provided herein shall have
the meanings set forth in the Original Indenture. 
  
 “Adjusted Treasury Rate” means, with respect to any Redemption Date: (i) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical
release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to
constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life, yields for the two published
maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or
(ii) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury
Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
  
 “Business Day” means a day other than (i) a Saturday or a Sunday, (ii) a day on which banks in New York,
New York are authorized or obligated by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office is closed for business. 
  

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity
comparable to the remaining term of the Series              Senior Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Series              Senior Notes (“Remaining Life”).

  

 2 

 “Comparable Treasury Price” means (i) the average of five Reference Treasury Dealer
Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average of all
such quotations. 
  
 “Independent Investment Banker”
means                          and its respective successors as selected by the Company, or if such firm is unwilling or
unable to serve as such, an independent investment and banking institution of national standing appointed by the Company. 
  
 “Interest Payment Dates” means              and
             of each year, commencing on             , 20    . 
  
 “Lien” means any mortgage, lien, pledge, security interest or other
encumbrance of any kind. 
  
 “Material Subsidiary” means
a Subsidiary of the Company whose total assets (as determined in accordance with GAAP) represent at least 20% of the total assets of the Company on a consolidated basis. 
  
 “Original Issue Date” means             ,
20    . 
  
 “Outstanding”,
when used with respect to the Series              Senior Notes, means, as of the date of determination, all Series
             Senior Notes, theretofore authenticated and delivered under the Indenture, except: 
  
 (i) Series              Senior Notes theretofore canceled
by the Trustee or delivered to the Trustee for cancellation; 
  
 (ii) Series              Senior Notes for whose payment at Maturity the necessary amount of money or money’s worth has been theretofore deposited (other than pursuant
to Section 402 of the Original Indenture) with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such
Series              Senior Notes. 
  
 (iii) Series              Senior Notes with respect to which the Company has effected
defeasance or covenant defeasance has been effected pursuant to Section 402 of the Original Indenture; and 
  
 (iv) Series              Senior Notes that have been paid pursuant to Section 306
of the Original Indenture or in exchange for or in lieu of which other Series              Senior Notes have been authenticated and delivered pursuant to the Indenture, other than
any such Series              Senior Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Series
             Senior Notes are held by a bona fide purchaser in whose hands such Series              Senior Notes
are valid obligations of the Company; provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding Series              Senior Notes
have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Series              Senior Notes for quorum
purposes, Series              Senior Notes owned by the Company or any other obligor upon the Series 
  

 3 

              Senior Notes or any Affiliate of the
Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any such determination or relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Series              Senior Notes which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Series
             Senior Notes so owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee
(A) the pledgee’s right so to act with respect to such Series              Senior Notes and (B) that the pledgee is not the Company or any other obligor upon the
Series              Senior Notes or an Affiliate of the Company or such other obligor. 
  
 “Principal Property” means any plant or facility of the Company located in the United States that in the opinion of the Board of Directors or
management of the Company is of material importance to the business conducted by the Company and its consolidated Subsidiaries taken as whole. 
  
 “Reference Treasury Dealer” means: (i)              and its respective
successors as selected by the Company; provided that, if such firm or its successors ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute another Primary
Treasury Dealer; and (ii) up to four other Primary Treasury Dealers selected by the Company. 
  
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined
by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker at 5:00 p.m., New York City
time, on the third Business Day preceding such Redemption Date. 
  
 “Regular Record Date” means, with respect to each Interest Payment Date, the close of business on the Business Day preceding such Interest Payment Date; provided, that with respect to Series
             Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close of business on the 15th calendar day (whether or not a Business Day) preceding such Interest Payment Date. 
  
 “Stated Maturity” means
                    , 20    . 
  
 SECTION 103. Payment of Principal and Interest. The principal of the Series
             Senior Notes shall be due at the Stated Maturity (unless earlier redeemed). The unpaid principal amount of the Series
             Senior Notes shall bear interest at the rate of             % per annum until paid or duly provided
for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date to the Person
in whose name the Series              Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided that interest payable at the Stated Maturity of
principal as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the Holders on such Regular Record Date and may either
be paid to the Person or Persons in whose name the Series              Senior Notes are registered at the close of business on a Special Record Date for the payment of such

  

 4 

 defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice
whereof shall be given to Holders of the Series              Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series              Senior Notes may be listed, and upon such notice as may be
required by any such exchange, all as more fully provided in the Original Indenture. 
  
 Payments of interest on the Series              Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates.
Interest payments for the Series              Senior Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. In the event that any date on which
interest is payable on the Series              Senior Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a
Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable. 
  
 Payment of the principal and interest on the Series
             Senior Notes shall be made at the office of the Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for
payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series              Senior Notes being made upon surrender of such Series
             Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the
option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the
United States as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series
             Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and
without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable. 
  
 SECTION 104. Denominations. The Series
             Senior Notes may be issued in denominations of $            , or any integral multiple thereof.

  
 SECTION 105. Global Securities. The Series
             Senior Notes will be issued initially in the form of one or more Global Securities registered in the name of the Depositary (which shall be The Depository Trust Company)
or its nominee. Except under the limited circumstances described below, Series              Senior Notes represented by such Global Securities will not be exchangeable for, and will
not otherwise be issuable as, Series              Senior Notes in definitive form. The Global Securities described above may not be transferred except by the Depositary to a nominee
of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or its nominee. 
  
 Owners of beneficial interests in such a Global Security will not be considered the Holders thereof for any purpose under the Indenture, and no Global
Security representing a 
  

 5 

 Series              Senior Note shall be exchangeable,
except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee or except as described below. The rights of Holders of such Global Security
shall be exercised only through the Depositary. 
  
 A Global
Security shall be exchangeable for Series              Senior Notes registered in the names of persons other than the Depositary or its nominee only if (i) the Depositary
notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Security and no successor Depositary shall have been appointed by the Company within 90 days of receipt by the Company of such notification, or if at any
time the Depositary ceases to be a clearing agency registered under the Exchange Act at a time when the Depositary is required to be so registered to act as such Depositary and no successor Depositary shall have been appointed by the Company within
90 days after it becomes aware of such cessation, or (ii) the Company in its sole discretion determines that such Global Security shall be so exchangeable, in which case Series
             Senior Notes in definitive form will be printed and delivered to the Depositary. Any Global Security that is exchangeable pursuant to the preceding sentence shall be
exchangeable for Series              Senior Notes registered in such names as the Depositary shall direct. 
  
 SECTION 106. Redemption. The Series             
Senior Notes are redeemable, in whole or in part, at any time, and at the option of the Company, at a Redemption Price equal to the greater of: 
  
 (i) 100% of the principal amount of Series              Senior Notes then Outstanding
to be so redeemed, or 
  
 (ii) the sum of the present values of
the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus              basis points, as calculated by an Independent Investment Banker, plus, in either of the above
cases, accrued and unpaid interest thereon to the Redemption Date. 
  
 Unless the Company defaults in the payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Series              Senior Notes
or portions thereof called for redemption. 
  
 The Adjusted
Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date. 
  
 In the event of the redemption of the Series              Senior Notes in part only, a new Series
             Senior Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon surrender thereof. 
  

 6 

 Notice of redemption shall be given as provided in Section 1104 of the Original Indenture.

  
 SECTION 107. Sinking Fund. The Series
             Senior Notes shall not have a sinking fund. 
  
 SECTION 108. Additional Interest. Any principal of and installment of interest on the Series
             Senior Notes that is overdue shall bear interest at the rate of             % (to the extent that the
payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 
  
 SECTION 109. Paying Agent. The Trustee shall initially serve as Paying
Agent with respect to the Series              Senior Notes, with the Place of Payment initially being the Corporate Trust Office of the Trustee. 
  
 SECTION 110. Limitation on Liens. The Company will not, while any of
the Series              Senior Notes remain Outstanding, create, or suffer to be created or to exist, any Lien upon any Principal Property of the Company or upon any shares of stock
of any Material Subsidiary of the Company, whether such Principal Property is, or shares of stock are, now owned or hereafter acquired, to secure any indebtedness for borrowed money of the Company, unless it shall make effective provision whereby
the Series              Senior Notes then Outstanding shall be secured by such Lien equally and ratably with any and all indebtedness for borrowed money thereby secured so long as
any such indebtedness shall be so secured; provided, however, that nothing in this Section shall be construed to prevent the Company from creating, or from suffering to be created or to exist, any Liens, or any agreements, with respect to:

  

	 	(1)	purchase money mortgages, or other purchase money liens, pledges, security interests or encumbrances of any kind upon property hereafter acquired by the Company, or Liens of any
kind existing on any property or any shares of stock at the time of the acquisition thereof (including Liens which exist on any property or any shares of stock of a Person which is consolidated with or merged with or into the Company or which
transfers or leases all or substantially all of its properties to the Company), or conditional sales agreements or other title retention agreements and leases in the nature of title retention agreements with respect to any property hereafter
acquired; provided, however, that no such Lien shall extend to or cover any other property of the Company; 

  

	 	(2)	Liens upon any property of the Company or any shares of stock of any Material Subsidiary of the Company existing as of the date of the initial issuance of the Series
             Senior Notes or upon the shares of stock of any corporation, which Liens existed at the time such corporation became a Material Subsidiary of the Company; liens for
taxes or assessments or other governmental charges or levies; pledges to secure other governmental charges or levies; pledges or deposits to secure obligations under worker’s compensation laws, unemployment insurance and other social security
legislation, including liens of judgments thereunder 

  

 7 

 which are not currently dischargeable; pledges or deposits to secure performance in connection with bids,
tenders, contracts (other than contracts for the payment of money) or leases to which the Company is a party; pledges or deposits to secure public or statutory obligations of the Company; builders’, materialmen’s, mechanics’,
carriers’, warehousemen’s, workers’, repairmen’s, operators’, landlords’ or other like liens in the ordinary course of business, or deposits to obtain the release of such liens; pledges or deposits to secure, or in lieu
of, surety, stay, appeal, indemnity, customs, performance or return-of-money bonds; other pledges or deposits for similar purposes in the ordinary course of business; liens created by or resulting from any litigation or proceeding which at the time
is being contested in good faith by appropriate proceedings; liens incurred in connection with the issuance of bankers’ acceptances and lines of credit, bankers’ liens or rights of offset and any security given in the ordinary course of
business to banks or others to secure any indebtedness payable on demand or maturing within 12 months of the date that such indebtedness is originally incurred; liens incurred in connection with repurchase, swap or other similar agreements
(including, without limitation, commodity price, currency exchange and interest rate protection agreements); leases made, or existing on property acquired, in the ordinary course of business; liens securing industrial revenue or pollution control
bonds; liens, pledges, security interests or other encumbrances on any property arising in connection with any defeasance, covenant defeasance or in-substance defeasance of indebtedness of the Company, including the Series
             Senior Notes; liens created in connection with, and created to secure, a non-recourse obligation; zoning restrictions, easements, licenses, rights-of-way, restrictions
on the use of property or minor irregularities in title thereto, which do not, in the opinion of the Company, materially impair the use of such property in the operation of the business of the Company or the value of such property for the purpose of
such business; 
  

	 	(3)	Liens in favor of the United States, any foreign country or any department, agency or instrumentality or political subdivision of any such jurisdiction, to secure partial, progress,
advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing or improving the property subject to such mortgages,
including, without limitation, mortgages to secure indebtedness of the pollution control or industrial revenue bond type; 

  

	 	(4)	indebtedness which may be issued by the Company in connection with a consolidation or merger of the Company or any Material Subsidiary of the Company with or into any other Person
(which may be an Affiliate of the Company or any Material Subsidiary of the Company) in exchange for or otherwise in substitution for secured indebtedness of such Person (“Third Party Debt”) which by its terms (i) is secured by a
mortgage on all or a portion of the property of such Person, (ii) prohibits secured indebtedness from being incurred by such Person, unless the Third Party Debt shall be secured equally and ratably with such secured indebtedness or
(iii) prohibits secured indebtedness from being incurred by such Person; 

  

 8 

	 	(5)	indebtedness of any Person which is required to be assumed by the Company in connection with a consolidation or merger of such Person, with respect to which any property of the
Company is subjected to a Lien; 

  

	 	(6)	Liens of any kind upon any property acquired, constructed, developed or improved by the Company (whether alone or in association with others) after the date of the initial issuance
of the Series              Senior Notes which are created prior to, at the time of, or within 18 months after such acquisition (or in the case of property constructed, developed or
improved, after the completion of such construction, development or improvement and commencement of full commercial operation of such property, whichever is later) to secure or provide for the payment of any part of the purchase price or cost
thereof; provided that in the case of such construction, development or improvement the Liens shall not apply to any property theretofore owned by the Company other than theretofore unimproved real property; 

  

	 	(7)	Liens in favor of the Company, one or more Material Subsidiaries of the Company, one or more wholly-owned Subsidiaries of the Company or any of the foregoing in combination;

  

	 	(8)	the replacement, extension or renewal (or successive replacements, extensions or renewals), as a whole or in part, of any Lien, or of any agreement, referred to above in clauses
(1) through (7) inclusive, or the replacement, extension or renewal (not exceeding the principal amount of indebtedness secured thereby together with any premium, interest, fee or expense payable in connection with any such replacement,
extension or renewal) of the indebtedness secured thereby; provided that such replacement, extension or renewal is limited to all or a part of the same property that secured the Lien replaced, extended or renewed (plus improvements thereon or
additions or accessions thereto); or 

  

	 	(9)	any other Lien not excepted by the foregoing clauses (1) through (8); provided that immediately after the creation or assumption of such Lien, the aggregate principal amount of
indebtedness for borrowed money of the Company secured by all Liens created or assumed under the provisions of this clause (9) shall not exceed an amount equal to 10% of the common shareholders’ equity of the Company, as shown on its
consolidated balance sheet for the accounting period occurring immediately prior to the creation or assumption of such Lien. 

  
 This Section 110 has been included in this              Supplemental Indenture
expressly and solely for the benefit of the Series              Senior Notes and shall be subject to covenant defeasance pursuant to Section 402(3) of the Original Indenture.

  

 9 

 ARTICLE II 
 MISCELLANEOUS PROVISIONS 
  
 SECTION 201. Recitals by Company. The recitals in this              Supplemental Indenture are made by the Company only and not by the Trustee, and all of the
provisions contained in the Original Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of the Series
             Senior Notes and of this              Supplemental Indenture as fully and with like effect as if set
forth herein in full. 
  
 SECTION 202. Ratification and
Incorporation of Original Indenture. As supplemented hereby, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this             
Supplemental Indenture shall be read, taken and construed as one and the same instrument. 
  
 SECTION 203. Executed in Counterparts. This              Supplemental Indenture may be executed in several counterparts, each of which shall be
deemed to be an original, and such counterparts shall together constitute but one and the same instrument. 
  
 SECTION 204. Assignment. The Company shall have the right at all times to assign any of its rights or obligations under the Indenture with respect
to the Series              Senior Notes to a direct or indirect wholly-owned subsidiary of the Company; provided that, in the event of any such assignment, the Company shall remain
primarily liable for the performance of all such obligations. The Indenture may also be assigned by the Company in connection with a transaction described in Article Eight of the Original Indenture. 
  

 10 

 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and behalf by
its duly authorized officer, all as of the day and year first above written. 
  

			
	 DOMINION RESOURCES, INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	 JPMORGAN CHASE BANK, N.A., as Trustee

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 11 

 EXHIBIT A 
  

FORM OF 
              SERIES                  % SENIOR NOTE 
 DUE 20     
  
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF [CEDE & CO.] OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY
PAYMENT IS MADE TO [CEDE & CO.], ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, [CEDE & CO.], HAS AN INTEREST HEREIN.]** 
  
 [THIS SERIES      SENIOR NOTE IS A GLOBAL SECURITY
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SERIES      SENIOR NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY
REGISTERED, AND NO TRANSFER OF THIS SERIES      SENIOR NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE.]** 
  

	
	
 DOMINION RESOURCES, INC.

 $        ,000,000 
              SERIES     
            % SENIOR NOTE 
 DUE 20__ 
  

			
	 No. R-
	 	CUSIP No.                     

  
 Dominion Resources,
Inc., a corporation duly organized and existing under the laws of Virginia (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
[Cede & Co.]**, or registered assigns (the “Holder”), the principal sum of
                                 Dollars
($            ) on             , 20      and to pay interest thereon from
            , 20     or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on
             and              of each year, commencing on
            , 20    , at the rate of             % per annum, until the principal hereof
is paid or made available for 
  

	**	Insert in Global Securities. 

 payment, provided that any principal, and any such installment of interest, that is overdue shall bear interest at the
rate of             % per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made
available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Series
             Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that the interest
payable at Stated Maturity will be paid to the Person to whom principal is payable. The Regular Record Date shall be the close of business on the Business Day preceding such Interest Payment Date; provided, that with respect to Series
             Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close of business on the 15th calendar day (whether or not a Business Day) preceding such Interest Payment Date. Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Series              Senior Note
(or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Series
             Senior Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Series              Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said
Indenture. 
  
 Payments of interest on the Series
             Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the Series
             Senior Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on the Series
             Senior Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any
interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable. 
  
 Payment of the principal of and interest on this Series              Senior Note will
be made at the office of the Paying Agent, in the Borough of Manhattan, City and State of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any
such payment that is due at the Stated Maturity of any Series              Senior Note being made upon surrender of such Series
             Senior Note to such office or agency; provided, however, that at the option of the Company payment of interest, subject to such surrender where applicable, may be made
(i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be
designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. 
  
 Reference is hereby made to the further provisions of this Series              Senior
Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
  

 2 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the
reverse hereof by manual signature, this Series              Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  

 3 

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

					
	Dated:	 	Dominion Resources, Inc.
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

  

 4 

 REVERSE OF SERIES      SENIOR NOTE 
  
 This Security is one of a duly authorized issue of securities of the Company
(herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of June 1, 2000, as heretofore supplemented and amended and as further supplemented by a
             Supplemental Indenture dated as of             , 20     (collectively, as
amended or supplemented from time to time, herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank),
as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof (the “Series
             Senior Notes”) which is unlimited in aggregate principal amount. 
  
 The Series              Senior Notes are redeemable, in whole or in part, at any time,
in the manner and with the effect provided in the Indenture. 
  
 If an Event of Default with respect to Series          Senior Notes shall occur and be continuing, the principal of the Series          Senior
Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
  
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time
Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all
Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Series              Senior Note
shall be conclusive and binding upon such Holder and upon all future Holders of this Series              Senior Note and of any Series
             Senior Note issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Series              Senior Note. 
  
 As provided in and subject to the provisions of the Indenture, the Holder of this Series
             Senior Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy
thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Series              Senior Notes, the
Holders of not less than a majority in principal amount of the Series              Senior Notes at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Series
             Senior Notes at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding for 60 days after receipt of such
notice, request and offer of indemnity. The foregoing shall not apply to any 
  

 5 

 suit instituted by the Holder of this Series
             Senior Note for the enforcement of any payment of principal hereof or premium, if any, or interest hereon on or after the respective due dates expressed or provided for
herein. 
  
 No reference herein to the Indenture and no provision
of this Series              Senior Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of,
premium, if any, and interest on this Series              Senior Note at the times, place and rate, and in the coin or currency, herein prescribed. 
  
 As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Series              Senior Note is registrable in the Security Register, upon surrender of this Series
             Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of, premium, if any, and interest on this Series
             Senior Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Series              Senior Notes and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
  
 The Series              Senior Notes are issuable only in registered form without
coupons in denominations of $             and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Series
             Senior Notes are exchangeable for a like aggregate principal amount of Series              Senior
Notes having the same Stated Maturity and of like tenor of any authorized denominations as requested by the Holder upon surrender of the Series              Senior Note or Series
             Senior Notes to be exchanged at the office or agency of the Company. 
  
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. 
  
 Prior to due presentment of this Series              Senior Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Series              Senior Note be overdue, and neither the Company,
the Trustee nor any such agent shall be affected by notice to the contrary. 
  
 All terms used in this Series              Senior Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

  

 6 

 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to
applicable laws or regulations: 
  

			
	TEN COM -	    	as tenants in common
		
	TEN ENT -	    	as tenants by the entireties
		
	JT TEN -	    	as joint tenants with rights of survivorship and not as tenants in common
		
	UNIF GIFT MIN ACT -	    	                                      
                                        
                   Custodian for
	 	    	(Cust)
		
	 	    	________________________________________________                               
                                        
                         
	 	    	(Minor)
		
	 	    	Under Uniform Gifts to Minors Act of
		
	 	    	________________________________________________                               
                                        
                         
	 	    	(State)
	
	Additional abbreviations may also be used though not on the above list.
	
	_________________________________________________________________________                           
                                        
                             

  

 7 

 FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
 (please insert Social Security or other identifying number of assignee) 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE 
  

the within Series              Senior Note and all rights thereunder, hereby irrevocably
constituting and appointing 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
  
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
  
 agent to transfer said Series              Senior Note on the books of the Company, with full power of
substitution in the premises. 
  
 Dated:
                         ,      
  

	
	                                      
                                        
                         

  
 NOTICE: The signature to this
assignment must correspond with the name as written upon the face of the within instrument in every particular without alteration or enlargement, or any change whatever. 
  

 8 

 EXHIBIT B 
 CERTIFICATE OF AUTHENTICATION 
  
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	JPMORGAN CHASE BANK, N.A.,
	as Trustee
		
	By:	 	  

	 	 	Authorized Officer

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