Document:

Exhibit

EX-10.1separationagreement
CONFIDENTIAL SEPARATION AGREEMENT
This Confidential Separation Agreement (“Agreement”) between James H. Dennedy (“Dennedy”), an individual who is a resident of the State of Ohio, and Agilysys, Inc. (“Agilysys”), an Ohio corporation with its principal place of business in Alpharetta, Georgia, (collectively, the “Parties”), shall be effective as of the “Effective Date,” as defined below.
WHEREAS, Dennedy was employed by Agilysys as its President and Chief Executive Officer;
WHEREAS, Dennedy’s employment with Agilysys has terminated effective January 2, 2017 (the “Separation Date”);
WHEREAS, Agilysys wishes to engage Dennedy as a consultant, and Dennedy wishes to accept such engagement, upon the terms and conditions described herein (the “Consultancy”);
WHEREAS, Dennedy and Agilysys wish to resolve all matters concerning Dennedy’s employment with Agilysys and his separation therefrom, and the Consultancy and the termination thereof; and
WHEREAS, Agilysys has tendered this Agreement to Dennedy for review on January 5, 2017 (the “Tender Date”), and Dennedy has thoroughly reviewed this Agreement, has entered into it knowingly and voluntarily, and has consulted with his own legal counsel before signing it;
NOW, THEREFORE, in consideration of the covenants made by each of the Parties to the other set forth below, including but not limited to the Parties’ mutual releases of claims, which each of the Parties agrees to be sufficient and valuable consideration, the Parties agree as follows:
1.Payment of Wages and Vacation Pay.  Dennedy acknowledges and agrees that Agilysys has paid him in full for all hours he worked and for all compensation he earned or was ever due during his employment with Agilysys, including for any and all vacation he earned but did not use or other benefits due him during his employment through the Separation Date, in 

accordance with Agilysys’ policies and all applicable laws, including, but not limited to the Fair Labor Standards Act, as amended.
2.Consideration.  
Provided that Dennedy complies with all provisions of this Agreement, including Section 2(c), Agilysys shall provide the following consideration to Dennedy:
a.    Consultancy.  Agilysys shall engage Dennedy as a consultant upon the following terms and conditions:
(i)    The Consultancy shall commence on January 3, 2017, and shall terminate (the “Consultancy Termination Date”) effective January 31, 2017, unless earlier terminated by either of the Parties upon written notice to the other, which notice may be given by Dennedy with or without cause or by Agilysys for Cause (as defined below).  As a consultant, Dennedy shall report to the Chief Executive Officer of Agilysys and shall assist with transitional matters, provide strategic advice, and perform such other duties as the Parties shall mutually agree (collectively, the “Services”).  
(ii)    As consideration for the Services, Agilysys shall pay Dennedy a fee of $1,129.00 per calendar day of the Consultancy, resulting in a total fee of $32,741 if the Consultancy extends through January 31, 2017.  The fee shall be paid (A) on January 20, 2017, for Services rendered through January 15, 2017, and (B) on the first business day that is at least eight (8) calendar days after Dennedy signs and returns to Agilysys the Second Release described in Section 2(c) of this Agreement, for Services rendered after January 15, 2017.          
(iii)    As a consultant, Dennedy shall be at all times an independent contractor to, and not an employee of, Agilysys and shall not be eligible to participate in any benefit plans, policies or programs provided by Agilysys to its employees, including but not limited to workers’ compensation, unemployment compensation, paid vacation, paid holidays, paid sick leave, health insurance, life insurance, pension or retirement plans, disability programs, or other benefits, benefit plans or benefit programs of any kind.  

(iv)    The fee for the Services shall not be subject to withholding for taxes and shall be reported to the Internal Revenue Service on a Form 1099.  Dennedy shall be obligated to pay all applicable federal and state income taxes on any monies paid pursuant to this Section 2(a).  Dennedy agrees to indemnify Agilysys from and against any claims, costs, losses, fees, penalties, interest or damages suffered or incurred by Agilysys due to Dennedy’s failure to pay taxes as required by this Section 2(a).
(v)    As used herein, “Cause” means Dennedy’s: (A) conviction of  (including plea of guilty or no-contest to) any felony or any crime involving dishonesty; (B) act of fraud or material dishonesty in connection with the Consultancy; (C) material breach of this Agreement or any other contract with Agilysys that is not cured (if capable of cure) within seven (7) calendar days after written notice of such breach; or (D) material violation of any applicable policy of Agilysys that is not cured (if capable of cure) within seven (7) calendar days after written notice of such violation.
b.    Separation Payment.  Agilysys shall pay Dennedy the gross sum of EIGHT HUNDRED TWENTY-THREE THOUSAND FIVE HUNDRED SEVENTY-ONE DOLLARS ($823,571.00), less deductions for withholdings required by applicable law (the “Payment”), which sum is payment in lieu of (and not in addition to) any severance or other separation payment of any kind to which Dennedy would otherwise be entitled pursuant to the terms of the Employment Agreement between the Parties dated July 18, 2014, a copy of which is attached hereto as Exhibit A (the “Employment Agreement”).  The Payment shall be made in a lump sum on the first business day that is at least eight (8) calendar days after Dennedy signs and returns this Agreement to Agilysys and shall be made by wire transfer to: 
XXXXX. 

c.    Conditions.  The obligation of Agilysys to provide the consideration set forth in Section 2(b) of this Agreement is expressly conditioned upon Dennedy executing this Agreement and returning it to Agilysys within twenty-one (21) days after the Separation Date and not revoking this Agreement.  The obligation of Agilysys to provide the consideration set forth in Section 2(a)(ii)(B) of this 

Agreement is expressly conditioned upon Dennedy signing this Agreement again, where noted at the bottom of the signature page, acknowledging his release of claims through the Consultancy Termination Date (“Second Release”), and returning the Second Release to Agilysys within twenty-one (21) days after the Consultancy Termination Date and not revoking it.
3.No Other Pay or Benefits; Termination of Grants and Awards; Sufficiency of Consideration.  Except as specifically provided for in Section 2 of this Agreement, Dennedy agrees that he has not been offered and shall not be entitled to any other wages, benefits, compensation of any sort, or any other consideration from Agilysys in exchange for his covenants made in this Agreement.  Dennedy further agrees that, notwithstanding any other agreement or understanding to the contrary, all unvested outstanding awards or grants of equity are hereby deemed terminated prior to the Separation Date.  Dennedy understands and agrees that the consideration to be given to him pursuant to Section 2 of this Agreement is in excess of any wages and any other amounts due and owing him by Agilysys, is not required by law, any contract or Agilysys’ policies, but is to be given to him solely in exchange for the covenants made by him in this Agreement.  Dennedy acknowledges that the consideration to be given to him as set forth in Section 2 of this Agreement is sufficient and valuable consideration for his General and Specific Releases of All Claims and the other terms and provisions of this Agreement.
4.Mutual Releases
a.    General and Specific Release of All Claims by Dennedy.  Dennedy intends to and hereby provides the General and Specific Release of All Claims set forth below on behalf of himself, his heirs, executors, administrators, personal representatives, successors and assigns, and anyone claiming through him, each in their personal capacities as well as in their capacities as his heirs, executors, administrators, personal representatives, successors and assigns (all referenced in this Section 4(a) as “Dennedy”) and intends the General and Specific Release of All Claims set forth below to cover, extend and inure to the full benefit of Agilysys, any and all of its past, present or future parent, subsidiary or 

related corporations or limited liability companies or other related entities, any employee benefits plans, each of any of their respective predecessors, successors and assigns, and each of any of their respective past, present, and future shareholders or members, directors, trustees, officers or managers, employees and agents, in their personal capacities as well as in their capacities as such shareholders or members, directors, trustees, officers or managers, employees, and agents (the “Released Agilysys Parties”).  Dennedy, being of lawful age, agrees to and, by executing this Agreement, does hereby release, acquit and forever discharge the Released Agilysys Parties from any and all claims, demands, debts, obligations, liabilities, damages, causes of action of every kind or nature, and attorneys’ fees, whether known or unknown or suspected or unsuspected, fixed or contingent, due to any matter whatsoever relating to Dennedy’s employment, compensation, benefits, other terms and conditions of employment, and separation from employment with Agilysys, which Dennedy owns or holds as of the date he executes this Agreement, and at any time before that date, owned or held against any of the Released Agilysys Parties (the “Released Dennedy Claims”).  The Released Dennedy Claims include, but are not limited to, any claim that any of the Released Agilysys Parties violated the National Labor Relations Act, as amended; Title VII of the Civil Rights Act of 1964, as amended; Sections 1981 and 1981a of Title 42 of the Unites States Code, as amended; the Age Discrimination in Employment Act, as amended; the Americans with Disabilities Act, as amended; the Family and Medical Leave Act of 1993, as amended; the Employee Retirement Income Security Act of 1974, as amended; the Georgia Fair Employment Practices Act of 1978, as amended; the Ohio Civil Rights Act, as amended; any other federal, state or local statutory or judicially created law, regulations, or rules governing or concerning employment discrimination or retaliation or any obligations owed by employers to employees; and any other federal, state or local statutory or common law claim or cause of action in contract, tort, or for violation of public policy, including, but not limited to, negligent or wrongful discharge, breach of any written or verbal contract or employee handbook or manual, defamation, interference with contractual relations or prospective economic advantage, and intentional or negligent infliction of emotional distress; and any claim for costs, 

fees, or other expenses, including attorneys’ fees, incurred in such matters, except for those rights specifically exempted from this release in this Agreement.
b.    General and Specific Release of All Claims by Agilysys.  Agilysys intends to and hereby provides the General and Specific Release of All Claims set forth below on behalf of itself and the other Released Agilysys Parties (all referenced in this Section 4(b) as “Agilysys”) and intends the General and Specific Release of All Claims set forth below to cover, extend and inure to the full benefit of Dennedy and his heirs, executors, administrators, personal representatives, successors and assigns, and anyone claiming through him, each in their personal capacities as well as in their capacities as his heirs, executors, administrators, personal representatives, successors and assigns (the “Released Dennedy Parties”).  Agilysys agrees to and, by executing this Agreement, does hereby release, acquit and forever discharge the Released Dennedy Parties from any and all claims, demands, debts, obligations, liabilities, damages, causes of action of every kind or nature, and attorneys’ fees, whether known or unknown or suspected or unsuspected, fixed or contingent, due to any matter whatsoever relating to Dennedy’s employment, compensation, benefits, other terms and conditions of employment, and separation from employment with Agilysys, which Agilysys owns or holds as of the date it executes this Agreement, and at any time before that date, owned or held against any of the Released Dennedy Parties (the “Released Agilysys Claims”).  The Released Agilysys Claims include, but are not limited to, any claim that any of the Released Dennedy Parties violated any federal, state or local statutory or judicially created law, regulations, or rules governing or concerning obligations owed by employees to employers; and any other federal, state or local statutory or common law claim or cause of action in contract, tort, or for violation of public policy; and any claim for costs, fees, or other expenses, including attorneys’ fees, incurred in such matters, except for those rights specifically exempted from this release in this Agreement.

5.Exclusions from Releases.
a.    Rights Excluded from Dennedy’s General and Specific Release.  Dennedy’s General and Specific Release of All Claims as set forth in Section 4(a) of this Agreement specifically and 

exclusively excludes only Dennedy’s: (i) right and the right of his qualified beneficiaries, if any, to receive continued group health insurance coverage pursuant to and as limited by the law commonly known as COBRA at his expense plus a 2% administrative fee permitted by COBRA, if timely elected; (ii) right to seek benefits under the Ohio or Georgia unemployment compensation law; (iii) right to vested benefits, if any, under any Agilysys benefits plan; (iv) right to enforce this Agreement; (v) right to challenge whether he knowingly and voluntarily entered into this Agreement under the Age Discrimination in Employment Act, as amended (the “ADEA”); and (vi) rights under any law that provides for rights which employees cannot waive.  Dennedy understands and agrees that except for his specific rights enumerated in this section 5(a) and those rights specifically enumerated and limited by the section entitled “Administrative Charges” below, his release in Section 4(a) constitutes a general as well as a specific release of the Released Agilysys Parties from all Released Dennedy Claims.
b.    Rights Excluded from Agilysys’ General and Specific Release.  Agilysys’ General and Specific Release of All Claims as set forth in Section 4(b) of this Agreement specifically and exclusively excludes only Agilysys’: (a) right to enforce this Agreement; and (b) rights under any law that provides for rights which an employer cannot waive.  Agilysys understands and agrees that except for its specific rights enumerated in this Section 5(b), its release in Section 4(b) of this Agreement constitutes a general as well as a specific release of the Released Dennedy Parties from all Released Agilysys Claims.

6.No Pending Actions; Covenant Not to Sue.  
a.    Dennedy represents and warrants that as of the date he executes this Agreement, he is owner of all Released Dennedy Claims and has not sold, assigned or otherwise encumbered any of the Released Dennedy Claims.  Dennedy further represents and warrants that he has not filed or initiated, or caused to be filed or initiated any complaint, claim, charge, or cause of action of any type against any of the Released Agilysys Parties in any federal or state court or with any federal, state or local governmental agency.  It is Dennedy’s intention in executing this Agreement that it shall be effective as a bar to the 

filing or initiation of any proceeding that may lead to the litigation of any of the Released Dennedy Claims as defined in this Agreement.  Except for Dennedy’s right to challenge whether he knowingly and voluntarily entered into this Agreement under the ADEA and Dennedy’s rights as specifically provided for in the section entitled Administrative Charges immediately below, Dennedy agrees not to file or initiate, or cause to be filed or initiated, any claim, charge, cause of action, or proceeding of any type or nature in any forum asserting any of the Released Dennedy Claims against any of the Released Agilysys Parties.  Dennedy further agrees not to be a member of any class action in any court or before any governmental agency or in any private forum seeking relief against any of the Released Agilysys Parties based on any of the Released Dennedy Claims, and waives any right to, and agrees that he will not accept, any monetary relief or any other form relief as a result of any such class action.  Dennedy agrees that if he violates the provisions of this Section 6(a), he shall indemnify and hold harmless all of the Released Agilysys Parties against whom any such claim, charge, cause of action, or proceeding is brought from any and all attorneys’ fees, costs, and expenses incurred by any of them in defending against the Released Dennedy Claims or as a result of any judgment, order, or fine imposed or settlement made as to any Released Dennedy Claims in connection with any such charge, claim, cause of action or other proceeding.
b.    Agilysys represents and warrants that as of the date it executes this Agreement, it is owner of all Released Agilysys Claims and has not sold, assigned or otherwise encumbered any of the Released Agilysys Claims.  Agilysys further represents and warrants that it has not filed or initiated, or caused to be filed or initiated any complaint, claim, charge, or cause of action of any type against any of the Released Dennedy Parties in any federal or state court or with any federal, state or local governmental agency.  It is Agilysys’ intention in executing this Agreement that it shall be effective as a bar to the filing or initiation of any proceeding that may lead to the litigation of any of the Released Agilysys Claims as defined in this Agreement.  Agilysys agrees not to file or initiate, or cause to be filed or initiated, any claim, charge, cause of action, or proceeding of any type or nature in any forum asserting any of the Released Agilysys Claims against any of the Released Dennedy Parties.  Agilysys agrees that if it violates 

the provisions of this Section 6(b), it shall indemnify and hold harmless all of the Released Dennedy Parties against whom any such claim, charge, cause of action, or proceeding is brought from any and all attorneys’ fees, costs, and expenses incurred by any of them in defending against the Released Agilysys Claims or as a result of any judgment, order, or fine imposed or settlement made as to any Released Agilysys Claims in connection with any such charge, claim, cause of action or other proceeding.
7.Administrative Charges.  Dennedy’s General and Specific Release of All Claims and Covenant Not to Sue above do not apply to or prevent Dennedy from filing charges or administrative complaints with the United States Securities and Exchange Commission (“SEC”), the United States Equal Employment Opportunity Commission (“EEOC”) or any state or local government fair employment practices (“FEP”) agency and do not apply to prevent Dennedy from participating in any SEC, EEOC or FEP agency investigation.  However, Dennedy hereby waives any and all right to, and agrees that he will not accept, any monetary recovery or any other relief of any type which he might obtain as a result of, or in any way growing out of, such filing or participation; provided, however, that this Agreement shall not prevent Dennedy from recovering an award from or by a governmental agency for providing information.  
8.No Workers’ Compensation Claims.  Dennedy represents and warrants that as of the date he executes this Agreement, he has suffered no injury or illness arising out of the course of his employment with Agilysys.
9.Understanding of Agreement; Advice of Counsel.  Dennedy acknowledges and confirms that he has entered into this Agreement of his own free will, without coercion or duress, that he has read and fully understands this Agreement and that he is competent to execute it.  Agilysys has advised Dennedy to seek the advice of legal counsel concerning this Agreement before signing it, and Dennedy represents that he has had the opportunity to consult, and has consulted, with legal counsel of his own choosing, who reviewed this Agreement before Dennedy signed it. 

10.Time to Consider and Revoke Agreement.  Dennedy has twenty-one (21) calendar days from the Tender Date to consider and execute it (the “Consideration Period”).  Dennedy may voluntarily choose to accept and execute this Agreement before the end of the Consideration Period, but understands that doing so will constitute a waiver of any remaining portion of the Consideration Period.  Any change to this Agreement after the Tender Date shall not restart or extend the Consideration Period.  If Dennedy accepts and executes this Agreement within the Consideration Period, he may revoke his acceptance within seven (7) calendar days from the date he executed this Agreement (the “Revocation Period”).  If Dennedy decides to revoke this Agreement, such revocation must be in writing, signed by Dennedy, and be received by Theresa Putnal, Director, Human Resources at Agilysys, Inc., 1000 Windward Concourse, Suite 250, Alpharetta, GA 30005, by no later than 5:00 p.m. Eastern Time on the seventh (7th) day after Dennedy has executed this Agreement.  If Dennedy does not accept and execute this Agreement by the end of the Consideration Period or revokes this Agreement within the Revocation Period, neither this Agreement nor any of the Parties’ respective obligations hereunder shall have any force or effect.  This Agreement shall be effective on the day following the end of the Revocation Period without revocation by Dennedy (the “Effective Date”).
11.Waiver of Reinstatement.  Dennedy hereby waives reinstatement to employment with Agilysys and promises not to seek employment or re-employment with Agilysys now or at any time in the future.  Dennedy understands and agrees that the consideration to be given by Agilysys to him pursuant to this Agreement is to be given in part for his waiver of reinstatement as set forth herein.
12.Covenants.
a.    Confidential Information. Dennedy acknowledges that during his employment with Agilysys he had access to and/or received valuable non-public information about Agilysys and its business (“Confidential Information.”).  Confidential Information includes, but is not limited to:  customer or prospective customer lists (contacts, addresses, phone numbers, etc.); cost and/or sales information; business contacts/relationships; personnel information; recruiting information; information concerning 

medical or other employee benefits; information regarding pending litigation and legal matters (including, but not limited to, contracts, legislation, information regarding potential acquisitions and/or regarding the sale of Agilysys business, administrative agency proceedings and litigation); information which Agilysys has covenanted not to disclose; employee lists (including, but not limited to, names, address, phone numbers, positions, etc.); financial statements of any kind; information related to Agilysys’ responses to solicitations for possible sales (bids, pricing information, etc.); and technical information such as schematics, bills of materials, costs of materials, software source codes, software binary codes, mechanical drawings, written/verbal specifications and other miscellaneous technical information.  Dennedy represents that he has not, as of the date he executes this Agreement, disclosed to any third party or used, except as required in the course of performing work for Agilysys, any Confidential Information.  Dennedy agrees not to disclose to any third party or use for himself or any other person or entity any Confidential Information. 
b.    In consideration for the Payment in Section 2(b) of this Agreement, for a period of eighteen (18) months after the Separation Date, Dennedy shall fully comply with the restrictive covenants as set forth in Section 7 of the Employment Agreement. 
c.    Effective as of the Separation Date, Dennedy shall have resigned his seat on the Board of Directors of Agilysys, as well as all any and all other corporate offices that he may hold as of the Separation Date, and shall promptly execute all documents necessary to effect such resignations.
d.    Dennedy recognizes that any material violation of this Section 12 is likely to result in immediate and irreparable harm to Agilysys for which money damages are likely to be inadequate.  Accordingly, in the event that a court of competent jurisdiction finds that Dennedy has engaged in a material violation of this section, Dennedy consents to the entry of an order by the court granting Agilysys injunctive and other appropriate equitable relief in order to protect its rights under this section and to an award of its costs, attorneys’ fees, and expenses incurred in obtaining such relief.  Such relief shall be in addition to any other relief to which Agilysys may be entitled at law or in equity.

13.Confidentiality of Agreement.  Dennedy agrees that the terms of this Agreement and the discussions leading up to it shall be held by him in strict confidence and shall not be disclosed to any third parties or persons, except that Dennedy may disclose and/or discuss this Agreement: (a) with his attorney, tax consultant and with appropriate taxing authorities should any issue be raised by any such authority with respect to the consideration to be given to Dennedy hereunder; (b) in response to a valid subpoena or other legal compulsion which calls for such disclosure; (c) in any litigation to enforce the provisions of this Agreement or for breach thereof or to challenge whether he knowingly and voluntarily entered into this Agreement under the ADEA; and (d) with his immediate family.  Should Dennedy be required by (b) or (c) of this section to disclose this Agreement or any of its terms, he shall notify the General Counsel, Agilysys, Inc., 1000 Windward Concourse, Suite 250, Alpharetta, GA 30005 no later than seven (7) business days prior to such disclosure, which period of time Dennedy agrees necessary in order to allow Agilysys to seek an appropriate protective order.  Dennedy agrees that if he or his attorney, tax consultant, or any member of his immediate family is adjudicated by a final non-appealable judgment or order in a court of competent jurisdiction to have breached any provision of this section, Agilysys shall be entitled to the actual amount of damages proven to have proximately resulted from such breach and its costs, attorneys’ fees and out-of-pocket expenses reasonably incurred by it in obtaining such final judgment or order.  Dennedy represents that neither he nor any person to whom he is authorized to disclose this Agreement has made any disclosure prohibited by this section since the Separation Date.
14.Return of Property.  Dennedy represents that he has returned to Agilysys all Agilysys property assigned to him except for his Agilysys-provided laptop computer, which he may retain, including, but not limited to, all other Agilysys computer equipment, if any; Agilysys cellular phones, if any; Agilysys credit and debit cards, if any; and all keys and access cards or fobs to any Agilysys or AVMA facility or other facility where Agilysys or AVMA has any operation, (“assigned property”).  

Dennedy warrants and represents that he has not taken from Agilysys and is not in possession, custody, or control of any other Agilysys property, including, but not limited to, the originals and/or any copies of any information provided to or acquired by Dennedy in connection with the performance of work for Agilysys, including but not limited to all files, correspondence, communications, memoranda, emails, records, manuals, and all other documents, no matter how produced or reproduced, computer programs, software, and files, and all usernames and passwords for all software and internet accounts and programs, it being acknowledged and agreed by Dennedy that said items are the sole and exclusive property of Agilysys.
15.No Disparagement.  Dennedy agrees that he will not disparage Agilysys, the Released Agilysys Parties or any of its or their services, products, endeavors or business practices to any person or entity; provided, however, that nothing in this section prohibits or is intended to prohibit Dennedy from making truthful statements or disclosures required by law, regulation, legal process, or in connection with any governmental investigation.  Likewise, Agilysys agrees that it will not disparage Dennedy or his professional competence or abilities to any person or entity; provided, however, that nothing in this section prohibits or is intended to prohibit Agilysys from making truthful statements or disclosures required by law, regulation, legal process, or in connection with any governmental investigation.
16.Attorneys’ Fees and Costs.  Each of the Parties shall bear his/its own attorneys’ fees, costs and expenses incurred by him/it in negotiating and consummating this Agreement.
17.Non-Admission.  The Parties agree that Agilysys has entered into this Agreement and will provide Dennedy with the consideration recited above solely for the purpose of resolving all matters between them; that Agilysys does not admit any liabilities of any type to Dennedy; and that neither the giving of said consideration nor any of the terms of this Agreement are or shall be construed as an admission of any liability of any type to Dennedy, which liability Agilysys specifically denies.
18.Severability.  This Agreement and each of its terms, provisions and sections are separable.  Therefore, if any term, provision or section in this Agreement is held by a court of competent jurisdiction 

to be unlawful or unenforceable, such illegality or unenforceability shall not affect the legality or enforceability of any other term, provision or section of this Agreement.  In such event, however, Agilysys may, at its sole option, which shall be communicated in writing to Dennedy, deem this Agreement null and void and be released from any obligation in this Agreement.
19.Governing Law.  This Agreement shall be governed by, interpreted and construed in accordance with the laws of the State of Ohio without regard to that body of law known as conflicts of law.
20.No Inferences.  The Parties agree that each of them was represented by legal counsel of their respective choice in the negotiation and preparation of this Agreement, and therefore agree that this Agreement shall be interpreted in accordance with its express terms without any inferences to be drawn against or in favor of either of them as the drafter of this Agreement
21.Section Headings.  The section headings in this Agreement are for convenience and reference only and shall not affect the meaning or interpretation of any term or provision of this Agreement.
22.Entire Agreement.  This Agreement constitutes the entire agreement between the Parties concerning the subject matter described in this Agreement and supersedes any and all prior or contemporaneous verbal or written agreements, discussions or representations concerning the subject matter.  No modification or amendment of this Agreement shall be valid unless made in writing and signed by Dennedy and a duly authorized representative of Agilysys.

[signatures appear on following page]

IN WITNESS WHEREOF, the Parties have executed this Confidential Separation Agreement on the dates set forth below:
AGREED:                    ____/s/ James H. Dennedy___________________
James H. Dennedy
STATE OF OHIO            )
) SS
COUNTY OF WARREN        )

On Jan. 7, 2017 at Springboro, Ohio before me, a notary public in and for said state, appeared Dennedy, known to me or identified to my satisfaction, and I witnessed James H. Dennedy execute the foregoing and within Confidential Separation Agreement.

Witness my hand and official seal:        ____/s/ Heather Street_______________________
Notary Public

AGREED:                    Agilysys, Inc.

Date:  __Jan. 6, 2017_____________        ______/s/ Michael A. Kaufman________________
By:    Michael A. Kaufman
Chairman of the Board of Directors

=====================================================================

To be signed within 21 days after the Consultancy Termination Date:

By signing below, I acknowledge my release of claims, as described above, through the Consultancy Termination Date.

______________________________        ______________________________
James H. Dennedy                    DateEX-4.2

 Exhibit 4.2 

DOMINION RESOURCES, INC. 
 Issuer

 AND 
 DEUTSCHE BANK TRUST
COMPANY AMERICAS 
 Trustee 
  

 
 Ninth
Supplemental Indenture 
 Dated as of January 1, 2017 
  

 
 $400,000,000

 2017 Series A 1.875% Senior Notes 

due 2019 

 TABLE OF CONTENTS* 
  

							
	 ARTICLE I 2017 SERIES A 1.875% SENIOR NOTES DUE 2019
	  	 	1	  
			
	 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; Conversion	  	 	6	  
			
	 SECTION 108.
	 	Additional Interest on Overdue Amounts	  	 	6	  
			
	 SECTION 109.
	 	Paying Agent	  	 	7	  
		
	 ARTICLE II MISCELLANEOUS PROVISIONS
	  	 	7	  
			
	 SECTION 201.
	 	Ratification and Incorporation of Base Indenture	  	 	7	  
			
	 SECTION 202.
	 	Executed in Counterparts	  	 	7	  
			
	 SECTION 203.
	 	Assignment	  	 	7	  
			
	 SECTION 204.
	 	Trustee’s Disclaimer.	  	 	7	  

  

	* 	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 NINTH SUPPLEMENTAL INDENTURE is made as of the 1st day of January, 2017, by and between
DOMINION RESOURCES, INC., a Virginia corporation, having its principal office at 120 Tredegar Street, Richmond, Virginia 23219 (the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as Trustee, having a
corporate trust office at 60 Wall Street, 16th Floor, New York, New York 10005 (herein called the “Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Company has heretofore entered into an Indenture dated as of June 1, 2015, between the Company and the Trustee (as amended, restated or otherwise modified, the “Base Indenture”) with respect to senior debt securities; 

WHEREAS, the Base Indenture is incorporated herein by this reference and the Base Indenture, as supplemented by this Ninth Supplemental
Indenture, and as may be hereafter supplemented or amended from time to time, is herein called the “Indenture”; 
 WHEREAS, under
the Base Indenture, a new series of Securities may at any time be established in accordance with the provisions of the Base 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 new series of Securities; 

WHEREAS, additional Securities of other series hereafter established, except as may be limited in the Base 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 Ninth 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 
 2017 SERIES A
1.875% SENIOR NOTES DUE 2019 
 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 2017 Series A 1.875% Senior Notes due 2019 (the “Series A Senior Notes”). 

There are to be authenticated and delivered $400,000,000 principal amount of Series A Senior Notes, and such principal amount of the Series A
Senior Notes may be increased from time to time pursuant to the penultimate paragraph of Section 301 of the Base Indenture. All Series A 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 A Senior Notes. 

 
Any such additional Series A Senior Notes will have the same interest rate, maturity and other terms as those initially issued. Further Series A Senior Notes may also be authenticated and
delivered as provided by Sections 304, 305, 306, 905 or 1107 of the Base Indenture. 
 The Series A Senior Notes shall be issued as
Registered Securities in global form without coupons, in substantially the form set out in Exhibit A hereto. The entire initially issued principal amount of the Series A 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 A Senior Notes shall be in substantially the form set forth in Exhibit A hereto. 
 Each Series A 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 Base Indenture. 

“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to
maturity of the Comparable Treasury Issue, assuming 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 A 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 in years and months of the Series A Senior Notes. 
 “Comparable Treasury Price” for any
Redemption Date means (i) the average of the 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 any of Barclays Capital Inc., Citigroup Global Markets Inc. and UBS Securities LLC and their respective successors or affiliates, as selected by the Company, or if any such firm is unwilling or unable to serve as such, an independent
investment and banking institution of national standing appointed by the Company. 

  
 2 

 “Interest Payment Dates” means January 15 and July 15 of each year,
commencing on July 15, 2017. 
 “Original Issue Date” means January 12, 2017. 

“Outstanding,” when used with respect to the Series A Senior Notes, means, as of the date of determination, all Series A Senior
Notes theretofore authenticated and delivered under the Indenture, except: 
 (i) Series A Senior Notes theretofore canceled by the Trustee
or delivered to the Trustee for cancellation; 
 (ii) Series A Senior Notes for whose payment at the Maturity thereof money in the necessary
amount has been theretofore deposited (other than pursuant to Section 402 of the Base 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 A Senior Notes, provided that, if such Series A Senior Notes are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory
to the Trustee has been made; 
 (iii) Series A Senior Notes with respect to which the Company has effected defeasance or covenant defeasance
pursuant to Section 402 of the Base Indenture, except to the extent provided in Section 402 of the Base Indenture; and 
 (iv)
Series A Senior Notes that have been paid pursuant to Section 306 of the Base Indenture or in exchange for or in lieu of which other Series A Senior Notes have been authenticated and delivered pursuant to the Indenture, other than any such
Series A Senior Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Series A Senior Notes are held by a bona fide purchaser in whose hands such Series A Senior Notes are valid obligations of
the Company; provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding Series A Senior Notes have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture or
are present at a meeting of Holders of Series A Senior Notes for quorum purposes, Series A Senior Notes owned by the Company or any other obligor upon the Series A 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 A Senior Notes which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Series A 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 A Senior Notes and (B) that the pledgee is not the Company or any other obligor upon the Series A Senior Notes or an
Affiliate of the Company or such other obligor. 
 “Primary Treasury Dealer” means a primary United States government securities
dealer in the United States as designated by the Federal Reserve Bank of New York. 

  
 3 

 “Reference Treasury Dealer” means (i) Barclays Capital Inc., Citigroup Global
Markets Inc. and UBS Securities LLC and their respective affiliates or successors; provided that, if any such firm or its affiliates or successors, as applicable, ceases to be a Primary Treasury Dealer, the Company shall substitute another Primary
Treasury Dealer; and (ii) up to two other Primary Treasury Dealers selected by us. 
 “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 3:30 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 A 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 January 15, 2019. 

The terms “Company,” “Trustee,” “Base Indenture,” and “Indenture” shall have the respective meanings
set forth in the recitals to this Ninth Supplemental Indenture and the paragraph preceding such recitals. 
 SECTION 103. Payment of
Principal and Interest. The principal of the Series A Senior Notes shall be due at the Stated Maturity (unless earlier redeemed). The unpaid principal amount of the Series A Senior Notes shall bear interest at the rate of 1.875 % 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 A Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided that interest payable at the Stated Maturity of principal or on a Redemption Date 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 A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base
Indenture), notice whereof shall be given to Holders of the Series A 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 A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Base Indenture. 

Payments of interest on the Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates.
Interest payments for the Series A 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 A Senior Notes is not a Business Day,

  
 4 

 
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 A 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 A Senior Notes, upon redemption or repurchase being made upon surrender of such Series A 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 A 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 A Senior Notes may be issued in denominations of $2,000, or any greater integral multiple of $1,000. 

SECTION 105. Global Securities. The Series A Senior Notes will be initially issued 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 A Senior Notes represented by such Global Securities will not be exchangeable for,
and will not otherwise be issuable as, Series A Senior Notes in definitive form registered in names other than the Depositary or its nominee. 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 Series A 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 A 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 

  
 5 

 
Company within 90 days after it becomes aware of such cessation, (ii) the Company in its sole discretion, and subject to the procedures of the Depositary, determines that such Global
Security shall be so exchangeable, in which case Series A Senior Notes in definitive form will be printed and delivered to the Depositary, or (iii) an Event of Default has occurred and is continuing with respect to the Series A Senior Notes.
Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Series A Senior Notes registered in such names as the Depositary shall direct. 

SECTION 106. Redemption. The Series A Senior Notes are redeemable, in whole or in part, at any time and from time to time, at the
option of the Company, at a Redemption Price equal to the greater of: 
 (i) 100% of the principal amount of Series A 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 15
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. 
 The Adjusted Treasury Rate shall be calculated no later than the third Business Day preceding 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 A Senior Notes or portions thereof called for redemption. 
 In the event of the redemption of the Series A Senior Notes in part
only, a new Series A Senior Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon surrender thereof. 

The Company shall notify the Trustee in writing of the Redemption Price promptly after the calculation thereof and the Trustee shall have no
responsibility for such calculation. The notice of redemption shall be sent in accordance with the terms of the Base Indenture. 
 SECTION
107. Sinking Fund; Conversion. The Series A Senior Notes shall not have a sinking fund. The Series A Senior Notes are not convertible into or exchangeable for Equity Securities and/or any other securities. 

SECTION 108. Additional Interest on Overdue Amounts. Any principal of and installment of interest on the Series A Senior Notes that is
overdue shall bear interest at the rate of 1.875% (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. 

  
 6 

 SECTION 109. Paying Agent. The Trustee shall initially serve as Paying Agent with respect
to the Series A Senior Notes, with the Place of Payment initially being the Corporate Trust Office. 
 ARTICLE II 

MISCELLANEOUS PROVISIONS 

SECTION 201. Ratification and Incorporation of Base Indenture. As supplemented hereby, the Base Indenture is in all respects ratified
and confirmed by the Company. The Base Indenture and this Ninth Supplemental Indenture shall be read, taken and construed as one and the same instrument. 

SECTION 202. Executed in Counterparts. This Ninth 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. The exchange of copies of this Ninth Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute
effective execution and delivery of this Ninth Supplemental Indenture as to the parties hereto and may be used in lieu of the original, manually executed Ninth Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by
facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 SECTION 203. 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 A 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 Base
Indenture. 
 SECTION 204. Trustee’s Disclaimer. All of the provisions contained in the Base Indenture in respect of the rights,
powers, privileges, protections, duties and immunities of the Trustee, including without limitation its right to be indemnified, shall be applicable in respect of the Series A Senior Notes and of this Ninth Supplemental Indenture as fully and with
like effect as if set forth herein in full. The Trustee accepts the amendments of the Indenture effected by this Ninth Supplemental Indenture, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining
and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained
herein, all of which recitals or statements are made solely by the Company, or for or with respect to (i) the validity or sufficiency of this Ninth Supplemental Indenture or any of the terms or provision hereof, (ii) the proper
authorization hereof by the Company by action or otherwise, (iii) the due execution hereof by the Company, or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such
matters. 
 [Signature Page Follows] 

  
 7 

 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:	 	 /s/ James R. Chapman

	Name:	 	James R. Chapman
	Title:	 	Senior Vice President – Mergers &
		 	Acquisitions and Treasurer
	  
 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

 

	By:	 	 /s/ Carol Ng

	Name:	 	Carol Ng
	Title:	 	Vice President
		
	By:	 	 /s/ Nigel Luke

	Name:	 	Nigel Luke
	Title:	 	 Vice President

  
 8 

 EXHIBIT A 

FORM OF 
 2017 SERIES A
1.875% SENIOR NOTE 
 DUE 2019 

[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 A 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 A SENIOR NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SERIES A 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. EVERY SERIES A SENIOR NOTE AUTHENTICATED AND DELIVERED UPON REGISTRATION OF, TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SERIES A SENIOR
NOTE SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.]** 
  

 
 DOMINION
RESOURCES, INC. 
  
  

$                     

2017 SERIES A 1.875% SENIOR NOTE 

DUE 2019 
  

	 No. R- 
	 CUSIP No. 25746UCQ0 

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 January 15, 2019 and to pay interest
thereon from January 12, 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, 

 

	** 	Insert in Global Securities. 

 
semi-annually in arrears on January 15 and July 15 of each year, commencing on July 15, 2017, at the rate of 1.875% per annum, until the principal hereof is paid or made
available for payment, provided that any principal, and any such installment of interest, that is overdue shall bear interest at the rate of 1.875% 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 A 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 or on a Redemption Date 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 A 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 A 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 A 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 A 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 A Senior Notes will include interest accrued to but excluding the respective Interest
Payment Dates. Interest payments for the Series A 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 A 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 A 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 A Senior Note, upon redemption or repurchase being made upon surrender of such Series A 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. 

  
 2 

 Reference is hereby made to the further provisions of this Series A 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. 
 Unless the
certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Series A Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	 DOMINION RESOURCES, INC.
  

	By:	 	  

	Name:	 	  

	Title:	 	  

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

 

	By:	 	  

		 	Authorized Signatory
	  
 Dated:

  
 3 

 [REVERSE OF 2017 SERIES A 1.875% 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, 2015 (the “Base Indenture”), between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”), as previously supplemented and as
further supplemented by a Ninth Supplemental Indenture dated as of January 1, 2017 (the “Ninth Supplemental Indenture” and, together with the Base Indenture, as it may be hereafter supplemented or amended from time to time, the
“Indenture,” which term shall have the meaning assigned to it in such instrument), by and between the Company and the Trustee, 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 A Senior Notes”) which is unlimited in aggregate principal amount. 
 The Series A Senior Notes are
redeemable, in whole or in part, at any time and from time to time in the manner and with the effect provided in the Indenture. 
 If an
Event of Default with respect to Series A Senior Notes shall occur and be continuing, the principal of the Series A 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 for the series of Securities affected, 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 A Senior Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Series A Senior Note and of any Series A 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 A Senior Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Series A 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 A Senior Notes, the Holders of not less than a majority in principal amount of the Series A 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 indemnity or security reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Series A Senior
Notes at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such 

  
 4 

 
proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Series A 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 A 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 A 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 A Senior Note is registrable in
the Security Register, upon surrender of this Series A 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 A 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 A
Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Series A Senior Notes are issuable only in registered form without coupons in denominations of $2,000 and any greater integral multiple of
$1,000. As provided in the Indenture and subject to certain limitations therein set forth, Series A Senior Notes are exchangeable for a like aggregate principal amount of Series A 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 A Senior Note or Series A 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 A 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 A 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 A
Senior Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 5 

 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.
             
  

  
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 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 A Senior Note and all rights thereunder, hereby irrevocably constituting and appointing 

                          
                                         
                                         
                                         
                                         
          . 

                          
                                         
                                         
                                         
                                         
          . 

                          
                                         
                                         
                                         
                                         
          . 

                          
                                         
                                         
                                         
                                         
          . 

                          
                                         
                                         
                                         
                                         
          . 

                          
                                         
                                         
                                         
                                         
          . 
 agent to transfer said Series A 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. 

  
 7

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