Document:

Purchase Agreement

 Exhibit 10.1 
 FTI Consulting, Inc. 
 7 3/4% Senior Notes due 2016 
  

 PURCHASE AGREEMENT 
 September 27,
2006 
 DEUTSCHE BANK SECURITIES INC. 
 GOLDMAN, SACHS & CO. 
 c/o Deutsche Bank Securities Inc. 
 60 Wall Street 
 New York, New York 10005 
 Ladies and Gentlemen: 
 FTI Consulting, Inc., a Maryland corporation (the “Company”),
proposes, subject to the terms and conditions stated herein, to issue and sell to Deutsche Bank Securities Inc. and Goldman, Sachs & Co. (the “Initial Purchasers”) an aggregate of $215,000,000 principal amount of the 7 3/4% Senior Notes due 2016 of the Company, specified above (the “Securities”). The Securities will be
unconditionally guaranteed as to the payment of principal, premium and interest (including special interest), if any (the “Guarantees”), by each of the entities listed on Schedule I hereto (the “Guarantors”).
Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pricing Offering Memorandum (as defined below) under the heading “Description of Notes.” 
 The Securities are being offered and sold in connection with the acquisition (the “Acquisition”) by FTI FD LLC
(“Bidco”), a wholly-owned subsidiary of the Company, of the outstanding shares in FD International (Holdings) Limited (the “Target”) and the outstanding Preferred Finance Securities of FD International 2 Limited.
The acquisition will be effected by means of an offer for such shares and Preferred Finance Securities as described in the offer documents dated September 11, 2006 (collectively, the “Offer Document”). 
 1. Each of the Company and the Guarantors, jointly and severally, represents and warrants to, and agrees with each of the Initial Purchasers that:

 (a) (i) A preliminary offering memorandum, dated September 15, 2006 (the “Preliminary Offering
Memorandum”), and a Pricing Supplement dated September 27, 2006 (the “Pricing Supplement”), have been prepared in connection with the offering of the Securities. As used herein, “Pricing Offering
Memorandum” shall mean, with respect to any date or time referred to in this Agreement, the Preliminary Offering Memorandum, as supplemented by the Pricing Supplement, in the most recent form that has been prepared and delivered by the
Company to the Initial Purchasers in connection with its solicitation of offers to purchase Notes prior to 10:30 A.M. on September 27, 2006 (the “Time of Sale”). Promptly after the Time of Sale and in any event no later than
the second Business Day following the Time of Sale, the Company will prepare and deliver to the Initial Purchasers a Final Offering Memorandum (the “Final Offering Memorandum”), which will consist of the Preliminary Offering
Memorandum with such changes therein as are required to reflect the information contained in the Pricing Supplement; 

 (ii) The Preliminary Offering Memorandum, the Final Offering Memorandum and any
amendments or supplements thereto did not and will not, as of their respective dates, contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in
writing to the Company by the Initial Purchasers through Deutsche Bank Securities Inc. (the “Representative”) expressly for use therein; 
 (iii) The Pricing Offering Memorandum, as of the Time of Sale, did not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished
in writing to the Company by the Initial Purchasers through the Representative expressly for use therein; and 
 (iv) Each
Company Supplemental Disclosure Document (as defined in Section 12(a)) listed on Schedule III hereto does not conflict with the information contained in the Pricing Offering Memorandum or the Final Offering Memorandum and each such Company
Supplemental Disclosure Document, as supplemented by and taken together with the Pricing Offering Memorandum as of the Time of Sale, did not include any untrue statement of a material fact or omit to state any material fact necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon
and in conformity with information furnished in writing to the Company by the Initial Purchasers through the Representative expressly for use therein. 
 (b) Other than as set forth or contemplated in the Pricing Offering Memorandum and the Final Offering Memorandum, (i) neither the Company nor any of its subsidiaries has sustained since the date of the latest
audited financial statements included in the Pricing Offering Memorandum and the Final Offering Memorandum any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or
from any labor dispute or court or governmental action, order or decree and (ii) since the respective dates as of which information is given in the Pricing Offering Memorandum and the Final Offering Memorandum, there has not been (1) any
change in the capital stock or long term debt of the Company or any of its subsidiaries (other than stock option transactions upon award exercises or vesting of equity awards pursuant to an employee benefit plan, normal debt payments and any other
such transactions in the ordinary course of business) or (2) any material adverse change, or any development involving a prospective material adverse change, in or affecting the general affairs, management, financial position,
stockholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole, (any change or event described in this subclause (2), a “Material Adverse Effect”); 
  

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 (c) The Company and its subsidiaries have good and marketable title to all personal
property owned by them, free and clear of all liens, encumbrances and defects except such as would not have a Material Adverse Effect; and any real property and buildings held under lease by the Company and its subsidiaries are held by them under
valid, subsisting and enforceable leases, subleases or assigned leases with such exceptions that would not have a Material Adverse Effect; 
 (d) The Company and the Guarantors have each been duly incorporated or organized and are validly existing as corporations or limited liability companies in good standing under the laws of their respective
jurisdictions of incorporation or formation, with power and authority (corporate and other) to own or lease their properties and conduct their business as described in the Pricing Offering Memorandum and the Final Offering Memorandum, and have been
duly qualified as foreign corporations or limited liability companies for the transaction of business and are in good standing under the laws of each other jurisdiction in which they own or lease properties or conduct any business so as to require
such qualification except where the failure to be so qualified or in good standing would not have a Material Adverse Effect; 
 (e) As of June 30, 2006, the Company had an authorized capitalization as set forth in the Pricing Offering Memorandum and the Final Offering Memorandum, and all of the issued shares of capital stock of the Company and the Subsidiaries
have been duly authorized and validly issued, are fully paid and nonassessable and were not issued in violation of any preemptive or similar rights; all of the outstanding shares of capital stock of the Company and of each of the Subsidiaries will
be free and clear of all liens, encumbrances, equities and claims or restrictions on transferability (other than those imposed by the Act and the securities or “Blue Sky” laws of certain jurisdictions) or voting; except as set forth in the
Pricing Offering Memorandum and the Final Offering Memorandum, there are no (i) options, warrants or other rights to purchase, (ii) agreements or other obligations to issue or (iii) other rights to convert any obligation into, or
exchange any securities for, shares of capital stock of or ownership interests in the Company or any of the Subsidiaries outstanding. Except for the Subsidiaries or as disclosed in the Pricing Offering Memorandum and the Final Offering Memorandum,
the Company does not own, directly or indirectly, any shares of capital stock or any other equity or long-term debt securities or have any equity interest in any firm, partnership, joint venture or other entity; 
 (f) The Company has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement and
to consummate the transactions contemplated hereby. This Agreement and the consummation by the Company of the transactions contemplated hereby have been duly and validly authorized by the Company. This Agreement has been duly executed and delivered
by the Company; 
 (g) The Indenture to be dated as of October 3, 2006 (the “Indenture”) among the
Company, the Guarantors and Wilmington Trust Company, as Trustee (the “Trustee”) has been duly authorized by the Company and each of the Guarantors and, when executed and delivered by the Company, each of the Guarantors and the
Trustee, the Indenture will constitute a valid and legally binding obligation of the Company and the Guarantors, enforceable against each of them in accordance with its terms, subject, as to enforcement, to bankruptcy, fraudulent conveyance,
insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally and to general principles of equity and the discretion of the court before which any proceeding therefor may be
brought (regardless of whether such enforcement is considered in a proceeding in equity or at law); and the Indenture will conform in all material respects to the description thereof in the Pricing Offering Memorandum and the Final Offering
Memorandum and will be in substantially the form previously delivered to you; 
  

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 (h) The Securities have been duly authorized by the Company and, when executed, issued
and delivered pursuant to this Agreement and the Indenture and authenticated by the Trustee, will have been duly executed, authenticated, issued and delivered and will constitute valid and legally binding obligations of the Company entitled to the
benefits provided by the Indenture under which they are to be issued, subject, as to enforcement, to bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to
creditors’ rights generally and to general principles of equity and the discretion of the court before which any proceeding therefor may be brought (regardless of whether such enforcement is considered in a proceeding in equity or at law); and
the Securities will conform to the description thereof in the Pricing Offering Memorandum and the Final Offering Memorandum and will be in substantially the form previously delivered to you; 
 (i) The Guarantees have been duly authorized by each of the Guarantors and, when executed, issued and delivered pursuant to this Agreement
and the Indenture, will have been duly executed, issued and delivered and will constitute valid and legally binding obligations of each such Guarantor, entitled to the benefits provided by the Indenture and enforceable against each of them in
accordance with their terms, subject, as to enforcement, to bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally and to general
principles of equity and the discretion of the court before which any proceeding therefor may be brought (regardless of whether such enforcement is considered in a proceeding in equity or at law); and the Guarantees will conform to the description
thereof in the Pricing Offering Memorandum and the Final Offering Memorandum and will be in substantially the form previously delivered to you; 
 (j) The registration rights agreement to be dated as of October 3, 2006, among the Company, the Guarantors and the Initial Purchasers (the “Registration Rights Agreement”), has been duly
authorized by the Company and each of the Guarantors and, when executed and delivered by the Company, the Guarantors and the Initial Purchasers, will have been duly executed and delivered and, assuming that it is a valid and legally binding
obligation of the Initial Purchasers, will constitute a valid and legally binding obligation of the Company and each of the Guarantors, enforceable against each of them in accordance with its terms, subject, as to enforcement, to bankruptcy,
fraudulent conveyance, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally and to general principles of equity and the discretion of the court before which any
proceeding therefor may be brought (regardless of whether such enforcement is considered in a proceeding in equity or at law); and the Registration Rights Agreement will conform to the description thereof in the Pricing Offering Memorandum and the
Final Offering Memorandum and will be in substantially the form previously delivered to you; 
 (k) The transactions
contemplated by the Registration Rights Agreement, including, without limitation, the exchange of $1,000 principal amount of new notes, with terms substantially identical to the Securities (the “Exchange Securities”), for each
$1,000 principal amount of the Securities (the “Exchange Offer”), have been approved by the Company. The Exchange Securities have been duly authorized for issuance by the Company and, when issued and delivered pursuant to the
Indenture and authenticated by the Trustee, will have been duly executed, authenticated, issued and delivered and will constitute valid and legally binding obligations of the Company, entitled to the benefits provided by the Indenture and
enforceable in accordance with their 
  

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 terms, subject, as to enforcement, to bankruptcy, fraudulent conveyance, insolvency, reorganization,
moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally and to general principles of equity and the discretion of the court before which any proceeding therefor may be brought (regardless of whether
such enforcement is considered in a proceeding in equity or at law); 
 (l) The guarantees of the Company’s obligations
under the Exchange Securities (the “Exchange Guarantees”) to be offered in exchange for the Guarantees in the Exchange Offer have been duly authorized by each of the Guarantors and, when issued and delivered pursuant to the
Indenture, will have been duly executed, issued and delivered and will constitute valid and legally binding obligations of each such Guarantor, entitled to the benefits provided by the Indenture and enforceable against each of them in accordance
with their terms, subject, as to enforcement, to bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally and to general principles of
equity and the discretion of the court before which any proceeding therefor may be brought (regardless of whether such enforcement is considered in a proceeding in equity or at law); 
 (m) None of the transactions contemplated by this Agreement (including, without limitation, the use of the proceeds from the sale of the
Securities) will violate or result in a violation of Section 7 of the Exchange Act, or any regulation promulgated thereunder, including, without limitation, Regulations T, U, and X of the Board of Governors of the Federal Reserve System;

 (n) Prior to the date hereof, neither the Company nor any of its affiliates has taken any action which is designed to or
which has constituted or which might have been expected to cause or result in stabilization or manipulation, under the Exchange Act, of the price of any security of the Company or any Guarantor in connection with the offering of the Securities;

 (o) The issue and sale of the Securities and the Guarantees and the compliance by the Company and the Guarantors with all
of the provisions of the Securities, the Guarantees, the Indenture, the Registration Rights Agreement and this Agreement and the consummation of the transactions herein and therein contemplated will not (i) conflict with or result in a breach
or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the
Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject, (ii) result in any violation of the provisions of the articles of incorporation or organization or the
by-laws or other governing documents, as applicable, of the Company or any of the Guarantors or (iii) result in any violation of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over
the Company or any of its subsidiaries or any of their properties except, in the case of clauses (i) and (iii), for such conflicts, breaches, violations or defaults as would not have a Material Adverse Effect; and no consent, approval,
authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the issue and sale of the Securities and the Guarantees or the consummation by the Company and the Guarantors of the
transactions contemplated by this Agreement, the Securities, the Guarantees, the Indenture or the Registration Rights Agreement, except for (1) the filing of a registration statement by the Company with the Commission pursuant to the United
States Securities Act of 1933, as amended (the “Act”), pursuant to Section 5(k) hereof, (2) such consents, approvals, authorizations, registrations or qualifications as may be required under state securities or Blue Sky

  

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 laws in connection with the purchase and distribution of the Securities and the Guarantees by the Initial
Purchasers and (3) such consents, approvals, authorizations, registrations or qualifications that either (x) have been obtained and are in full force and effect as of the date hereof or (y) are required to be obtained in connection
with the Credit Agreement; 
 (p) None of the Company or the Subsidiaries has any liability for any prohibited transaction or
funding deficiency or any complete or partial withdrawal liability with respect to any pension, profit sharing or other plan that is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), to which the Company
or any of the Subsidiaries makes or ever has made a contribution and in which any employee of the Company or of any Subsidiary is or has ever been a participant. With respect to such plans, the Company and each Subsidiary is in compliance in all
material respects with all applicable provisions of ERISA. 
 (q) Each of the Company and the Subsidiaries carries insurance
in such amounts and covering such risks as they reasonably believe to be adequate for the conduct of its business and the value of its properties. 
 (r) The Company and the Guarantors have all requisite corporate power and authority to execute, deliver and perform their respective obligations under the Indenture, the Registration Rights Agreement, the Notes and
the Exchange Notes; 
 (s) Neither the Company nor any of its subsidiaries is in violation of its articles of incorporation or
formation or its by-laws or other governing documents, as applicable, in default in the performance or observance of any material obligation, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, lease or other
agreement or instrument to which it is a party or by which it or any of its properties may be bound, except in the case of any violation or default that would not have a Material Adverse Effect; 
 (t) Other than as set forth in the Pricing Offering Memorandum and the Final Offering Memorandum, there are no legal or governmental
proceedings pending to which the Company or any of its subsidiaries is a party or of which any property of the Company or any of its subsidiaries is the subject which, if determined adversely to the Company or any of its subsidiaries, would
individually or in the aggregate have a material adverse effect on the current or future financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole; and, to the Company’s
knowledge, no such proceedings are threatened by governmental authorities or by others; 
 (u) When the Securities and the
Guarantees are issued and delivered pursuant to this Agreement, neither the Securities nor the Guarantees will be of the same class (within the meaning of Rule 144A under the Act) as securities which are listed on a national securities exchange
registered under Section 6 of the Exchange Act or quoted in a U.S. automated inter-dealer quotation system; 
 (v) The
Company is subject to Section 13 or 15(d) of the Exchange Act; 
 (w) The Company is not, and after giving effect to the
offering and sale of the Securities will not be, an “investment company,” as such term is defined in the United States Investment Company Act of 1940, as amended (the “Investment Company Act”); 
  

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 (x) Neither the Company nor any person acting on its behalf (provided that no
representation or warranty is made as to actions of the Initial Purchasers) has offered or sold the Securities by means of any general solicitation or general advertising within the meaning of Rule 502(c) under the Act or, with respect to Securities
sold outside the United States to non-U.S. persons (as defined in Rule 902 under the Act), by means of any directed selling efforts within the meaning of Rule 902 under the Act and the Company and any person acting on its behalf has complied with
and will implement the “offering restrictions” within the meaning of such Rule 902; 
 (y) Within the preceding six
months neither the Company nor any other person acting on behalf of the Company has offered or sold to any person any Securities, or any securities of the same or a similar class as the Securities, other than Securities offered or sold to the
Initial Purchasers hereunder. The Company will take reasonable precautions designed to insure that any offer or sale, direct or indirect, in the United States or to any U.S. person (as defined in Rule 902 under the Act) of any Securities or any
substantially similar security issued by the Company, within six months subsequent to the date on which the distribution of the Securities has been completed (as notified to the Company by the Initial Purchasers), is made under restrictions and
other circumstances reasonably designed not to affect the status of the offer and sale of the Securities in the United States and to U.S. persons contemplated by this Agreement as transactions exempt from the registration provisions of the Act;

 (z) KPMG LLP and Ernst & Young LLP, who have certified certain financial statements of the Company and its
subsidiaries and of the Target, are independent public accountants as required by the Act and the rules and regulations of the Commission thereunder; 
 (aa) The Company maintains a system of internal control over financial reporting (as such term is defined in Rule 13a-15(f) of the Exchange Act) that complies with the requirements of the Exchange Act and has been
designed by the Company’s principal executive officer and principal financial officer, or under their supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles. The Company’s internal control over financial reporting is effective and the Company is not aware of any material weaknesses in its internal control over financial
reporting; 
 (bb) Since the date of the latest audited financial statements included in the Pricing Offering Memorandum and
the Final Offering Memorandum, there has been no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial
reporting; and 
 (cc) The Company maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e) of
the Exchange Act) that comply with the requirements of the Exchange Act; such disclosure controls and procedures have been designed to ensure that material information relating to the Company and its subsidiaries is made known to the Company’s
principal executive officer and principal financial officer by others within those entities; such disclosure controls and procedures are effective. 
 2. Subject to the terms and conditions herein set forth, the Company and the Guarantors agree to issue and sell to the Initial Purchasers, and each of the Initial Purchasers agrees to purchase from the Company and the Guarantors, at a
purchase price of 97.25% of the principal amount thereof, the principal amount of Securities (and the Guarantees thereof) set forth opposite the name of each Initial Purchaser in Schedule II hereto. 
  

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 3. Upon the authorization by you of the release of the Securities and the Guarantees, the Initial
Purchasers propose to offer the Securities and the Guarantees for sale upon the terms and conditions set forth in this Agreement, the Pricing Offering Memorandum and the Final Offering Memorandum and each Initial Purchaser hereby represents and
warrants to, and agrees with the Company and the Guarantors that: 
 (a) It will offer and sell the Securities only to:
(i) persons who it reasonably believes are “qualified institutional buyers” (“QIBs”) within the meaning of Rule 144A under the Act in transactions meeting the requirements of Rule 144A and (ii) through its
selling agents, outside the United States, to non-U.S. persons in reliance on Regulation S under the Act; 
 (b) It is an
Institutional Accredited Investor; and 
 (c) It will not offer or sell the Securities by any form of general solicitation or
general advertising, including but not limited to the methods described in Rule 502(c) under the Act. 
 4. (a) The Securities to be
purchased by the Initial Purchasers hereunder will be represented by one or more definitive global Securities in book-entry form which will be deposited by or on behalf of the Company with The Depository Trust Company (“DTC”) or its
designated custodian. The Company will deliver the Securities to Deutsche Bank Securities Inc., for the account of each Initial Purchaser, against payment by or on behalf of such Initial Purchaser of the purchase price therefor by wire transfer to
the Company in federal same day funds, by causing DTC to credit the Securities to the account of Deutsche Bank Securities Inc. at DTC. The Company will cause the certificates representing the Securities to be made available to Deutsche Bank
Securities Inc. for checking at least twenty-four hours prior to the Time of Delivery (as defined below) at the office of DTC or its designated custodian (the “Designated Office”). The time and date of such delivery and payment
shall be 9:30 a.m., New York City time, on October 3, 2006 or such other time and date as Deutsche Bank Securities Inc. and the Company may agree upon in writing. Such time and date are herein called the “Time of Delivery.”

 (b) The documents to be delivered at the Time of Delivery by or on behalf of the parties hereto pursuant to Section 7 hereof,
including the cross-receipt for the Securities and any additional documents requested by the Initial Purchasers pursuant to Section 7(i) hereof, will be delivered at such time and date at the offices of Kirkland & Ellis LLP, 153 East
53rd Street, New York, New York 10022 (the “Closing Location”), and the Securities will be delivered at the Designated Office, all at the Time of Delivery. A meeting will be held at the Closing Location at 3:00 p.m., New York City
time, on the New York Business Day next preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available for review by the parties hereto. For the purposes of
this Section 4, “New York Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York are generally authorized or obligated by law or executive
order to close. 
 5. Each of the Company and the Guarantors, jointly and severally, agrees with each of the Initial Purchasers: 

(a) To prepare the Pricing Offering Memorandum and the Final Offering Memorandum in a form approved by you; to make no amendment or any
supplement to the Pricing Offering Memorandum or the Final Offering Memorandum which shall be reasonably disapproved by you promptly after reasonable notice thereof; and to furnish you with copies thereof; 
  

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 (b) Promptly from time to time to take such action as you may reasonably request to
qualify the Securities and the Guarantees for offering and sale under the securities laws of such jurisdictions in the United States as you may request and to comply with such laws so as to permit the continuance of sales and dealings therein in
such jurisdictions for as long as may be necessary to complete the distribution of the Securities and the Guarantees, provided that in connection therewith neither the Company nor any of the Guarantors shall be required to qualify as a
foreign corporation or to file a general consent to service of process in any jurisdiction; 
 (c) To furnish the Initial
Purchasers with written and electronic copies of the Pricing Offering Memorandum, the Final Offering Memorandum and each amendment or supplement thereto in such quantities as you may from time to time reasonably request, and if, at any time prior to
the resale by the Initial Purchasers of all the Securities, any event shall have occurred as a result of which the Pricing Offering Memorandum or the Final Offering Memorandum as then amended or supplemented would include an untrue statement of a
material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Pricing Offering Memorandum or Final Offering Memorandum is delivered, not
misleading, or if for any other reason it shall be necessary or desirable during such same period to amend or supplement the Pricing Offering Memorandum or Final Offering Memorandum, to notify you and upon your request to prepare and furnish without
charge to each Initial Purchaser and to any dealer in securities as many written and electronic copies as you may from time to time reasonably request of an amended Pricing Offering Memorandum or Final Offering Memorandum or a supplement to the
Pricing Offering Memorandum or Final Offering Memorandum which will correct such statement or omission or effect such compliance; 
 (d) During the period beginning from the date hereof and continuing until the date 180 days after the Time of Delivery, not to offer, sell, contract to sell or otherwise dispose of any securities of the Company that are substantially
similar to the Securities or the Guarantees, except (i) in exchange for the Exchange Securities or the Exchange Guarantees in connection with the Exchange Offer or (ii) with the prior written consent of each Initial Purchaser; 

(e) Not to be or become, at any time prior to the expiration of three years after the Time of Delivery, an open-end investment company,
unit investment trust, closed-end investment company or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act; 
 (f) At any time when the Company is not subject to Section 13 or 15(d) of the Exchange Act, for the benefit of holders from time to
time of Securities, to furnish at its expense, upon request, to holders of Securities and prospective purchasers of securities information (the “Additional Issuer Information”) satisfying the requirements of subsection (d)(4)(i) of
Rule 144A under the Act; 
 (g) If requested by you, to use all commercially reasonable efforts to assist the Initial
Purchasers to cause such Securities to be eligible for the PORTAL trading system of the National Association of Securities Dealers, Inc.; 
  

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 (h) To furnish to the holders of the Securities as soon as practicable after the end of
each fiscal year an annual report (including a balance sheet and statements of income, stockholders’ equity and cash flows of the Company and its consolidated subsidiaries certified by independent public accountants) and, as soon as practicable
after the end of each of the first three quarters of each fiscal year (beginning with the fiscal quarter ending after the date of the Final Offering Memorandum), to make available to its stockholders consolidated summary financial information of the
Company and its subsidiaries for such quarter in reasonable detail; provided that the Company’s filings of any of the foregoing materials with the Commission that are publicly available on the Commission’s Electronic Data Gathering,
Analysis and Retrieval, or EDGAR, system shall be deemed to have been furnished to you at the time of such filing; 
 (i)
During a period of two years from the date of the Final Offering Memorandum, to furnish to you copies of all reports or other communications (financial or other) furnished to stockholders of the Company, and to deliver to you (i) as soon as
they are available, copies of any reports and financial statements furnished to or filed with the Commission or any securities exchange on which the Securities or any class of securities of the Company is listed; and (ii) such additional
information concerning the business and financial condition of the Company as you may from time to time reasonably request (such financial statements to be on a consolidated basis to the extent the accounts of the Company and its subsidiaries are
consolidated in reports furnished to its stockholders generally or to the Commission); provided that the Company’s filings of any of the foregoing materials with the Commission that are publicly available on the Commission’s EDGAR
system shall be deemed to have been furnished to you at the time of such filing; 
 (j) During the period of two years after
the Time of Delivery, the Company will not, and will not permit any of its “affiliates” (as defined in Rule 144 under the Act) to, resell any of the Securities which constitute “restricted securities” under Rule 144 that have
been reacquired by any of them; and 
 (k) To use the net proceeds received by it from the sale of the Securities pursuant to
this Agreement substantially in the manner specified in the Pricing Offering Memorandum and the Final Offering Memorandum under the caption “Use of Proceeds.” 
 6. The Company acknowledges and agrees that (i) the purchase and sale of the Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the
several Initial Purchasers, on the other, (ii) in connection therewith and with the process leading to such transaction, each Initial Purchaser is acting solely as a principal and not the agent or fiduciary of the Company, (iii) no Initial
Purchaser has assumed an advisory or fiduciary responsibility in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether such Initial Purchaser has advised or is currently
advising the Company on other matters) or any other obligation to the Company except the obligations expressly set forth in this Agreement and (iv) the Company has consulted its own legal and financial advisors to the extent it deemed
appropriate. The Company agrees that it will not claim that either of the Initial Purchasers has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Company, in connection with such transaction or the
process leading thereto. 
 This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company
and the Initial Purchasers, or any of them, with respect to the subject matter hereof. 
  

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 The Company and each of the Initial Purchasers hereby irrevocably waive, to the fullest extent permitted
by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 
 7. Each of the Company and the Guarantors, jointly and severally, covenants and agrees with each Initial Purchaser that the Company and the Guarantors will pay or cause to be paid the following: (i) the fees,
disbursements and expenses of the Company’s counsel and accountants in connection with the issue of the Securities and the Guarantees and all other expenses in connection with the preparation, printing and filing of the Preliminary Offering
Memorandum and the Final Offering Memorandum and any amendments and supplements thereto and the mailing and delivering of copies thereof to the Initial Purchasers and dealers; (ii) the cost of printing or producing (except to the extent
prepared by counsel for the Initial Purchasers) any Agreement among the Initial Purchasers, this Agreement, the Indenture, the Registration Rights Agreement, the Blue Sky surveys, closing documents (including any compilations thereof) and any other
documents in connection with the offering, purchase, sale and delivery of the Securities; (iii) all expenses in connection with the qualification of the Securities, the Exchange Securities, the Guarantees and the Exchange Guarantees for
offering and sale under state securities laws as provided in Section 5(b) hereof, including the fees and disbursements of counsel for the Initial Purchasers in an amount not to exceed $15,000 in connection with such qualification and in
connection with the Blue Sky surveys; (iv) any fees charged by securities rating services for rating the Securities and the Exchange Securities; (v) the cost of preparing the Securities; (vi) the fees and expenses of the Trustee and
any agent of the Trustee and the fees and disbursements of counsel for the Trustee in connection with the Indenture and the Securities; (vii) any cost incurred in connection with the designation of the Securities for trading in PORTAL; and
(viii) all other costs and expenses incident to the performance of its obligations hereunder which are not otherwise specifically provided for in this Section. It is understood, however, that, (x) except as provided in this Section, and
Sections 9 and 11 hereof, the Initial Purchasers will pay all of their own costs and expenses, including the fees of their counsel, transfer taxes on resale of any of the Securities by them, and any advertising expenses connected with any offers
they may make and (y) each party shall bear the cost of its respective expenses in connection with the “road show” undertaken in connection with the marketing of the Securities, except that the out-of-pocket costs of any chartered or
private aircraft (including aircraft owned by the Company) shall be borne one-half by the Initial Purchasers and one-half by the Company. 
 8. The obligations of the Initial Purchasers hereunder shall be subject, in their discretion, to the condition that all representations and warranties and other statements of the Company and the Guarantors herein are, at and as of the Time
of Delivery, true and correct, the condition that the Company and the Guarantors shall have performed all of its obligations hereunder theretofore to be performed, and the following additional conditions: 
 (a) Cahill Gordon & Reindel LLP, counsel for the Initial Purchasers, shall have furnished to you such opinion or
opinions, dated the Time of Delivery, with respect to such matters as you may reasonably request, and such counsel shall have received such papers and information as they may reasonably request to enable them to pass upon such matters; 

(b) Kirkland & Ellis LLP, counsel for the Company, shall have furnished to you their written opinion, dated the Time of
Delivery, in form and substance attached hereto as Annex A. 
  

 -11- 

 (c) Eric Miller, in-house counsel for the Company, shall have furnished to you her
written opinion, dated the Time of Delivery, in form and substance reasonably satisfactory to you, to the effect that: 
 (i)
The Company and each of the Guarantors is qualified as a foreign corporation or other entity to do business and is in good standing in each of the jurisdictions identified in the Officer’s Certificate attached hereto as Annex A, as
jurisdictions in which such corporation or other entity leases property or conducts business and the failure to be so qualified or in good standing would not individually or in the aggregate have a material adverse effect on the current or future
consolidated financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole (a “Material Adverse Effect”); 
 (ii) The outstanding shares of capital stock or other ownership interests of each of the Guarantors have been duly authorized by all
necessary corporate or limited liability action on the part of such entity, are validly issued, fully paid and non-assessable, and are owned of record directly or indirectly by the Company; 
 (iii) To such counsel’s knowledge and other than as set forth in the Pricing Offering Memorandum and the Final Offering Memorandum,
there are no legal or governmental proceedings pending to which the Company or any of its subsidiaries is a party or of which any property of the Company or any of its subsidiaries is the subject which, if determined adversely to the Company or any
of its subsidiaries, would individually or in the aggregate have a Material Adverse Effect; and, to the best of such counsel’s knowledge, no such proceedings are threatened by governmental authorities or by others; and 
 (iv) To such counsel’s knowledge, neither the Company nor any of its subsidiaries is (i) in violation of its articles of
incorporation or organization or its by-laws or other governing documents, as applicable, or (ii) in default in the performance or observance of any material obligation, covenant or condition contained in any indenture, mortgage, deed of trust,
loan agreement, lease or other agreement or instrument to which it is a party or by which it or any of its properties may be bound, except for such defaults which would not individually or in the aggregate have a Material Adverse Effect; 

(d) DLA Piper US LLP, special counsel for: (i) the Company; (ii) Bidco; FTI, LLC; FTI Compass, LLC; FTI Investigations, LLC;
FTI Repository Services, LLC; Lexecon, LLC; FTI Cambio, LLC; FTI IP, LLC; FTI International Risk, LLC; and FTI BKS Acquisition LLC, each a Maryland corporation or limited liability company (each a “Maryland Guarantor” and
collectively, the “Maryland Guarantors”); (iii) Competition Policy Associates, Inc., a District of Columbia corporation (the “DC Guarantor”); and (iv) Teklicon, Inc., a California corporation (the
“California Guarantor”), as applicable, shall have furnished to you their written opinion, dated the Time of Delivery, in form and substance satisfactory to you, to the effect that: 
 (i) Each Maryland Guarantor has been duly incorporated or formed, as the case may be, and is validly existing as a corporation or limited
liability company in good standing under the laws of the State of Maryland, with corporate or limited liability company (as applicable) power and corporate or limited liability company (as applicable) authority to conduct its business as described
in the Pricing Offering Memorandum and the Final Offering Memorandum; 
 (ii) The DC Guarantor has been duly incorporated and
is validly existing as a corporation in good standing under the laws of the District of Columbia with the corporate power and corporate authority to conduct its business as described in the Pricing Offering Memorandum and the Final Offering
Memorandum; 
  

 -12- 

 (iii) The California Guarantor has been duly incorporated and is validly existing as a
corporation in good standing under the laws of the State of California with the corporate power and corporate authority to conduct its business as described in the Pricing Offering Memorandum and the Final Offering Memorandum; 
 (iv) Each of the Indenture, the Guarantee, the Registration Rights Agreement and this Agreement has been duly authorized, executed and
delivered by each Maryland Guarantor, the DC Guarantor and the California Guarantor; and 
 (v) The Exchange Guarantee has
been duly authorized by each Maryland Guarantor, the DC Guarantor and the California Guarantor. 
 (e) (x) On the date
of the Pricing Offering Memorandum prior to the execution of this Agreement and also at the Time of Delivery, each of KPMG LLP and Ernst & Young LLP shall have furnished to you a letter or letters, dated the respective dates of delivery
thereof, in form and substance reasonably satisfactory to you and (y) at the Time of Delivery, each of KPMG LLP and Ernst & Young LLP shall have furnished to you a bring-down letter, dated the respective dates of delivery thereof, in
form and substance reasonably satisfactory to you; 
 (f) (i) Neither the Company nor any of its subsidiaries shall have
sustained since the date of the latest audited financial statements included in the Pricing Offering Memorandum and the Final Offering Memorandum any loss or interference with its business from fire, explosion, flood or other calamity, whether or
not covered by insurance, or from any labor dispute or court or governmental action, order or decree, other than as set forth or contemplated in the Pricing Offering Memorandum and the Final Offering Memorandum, and (ii) since the respective
dates as of which information is given in the Pricing Offering Memorandum and the Final Offering Memorandum, there shall not have been any change in the capital stock or long-term debt of the Company or any of its subsidiaries, taken as a whole, or
any change, or any development involving a prospective change, in or affecting the general affairs, management, financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, other than as set forth or
contemplated in the Pricing Offering Memorandum and the Final Offering Memorandum, the effect of which, in any such case described in clause (i) or (ii), is in the judgment of the Initial Purchasers so material and adverse as to make it
impracticable or inadvisable to proceed with the offering or the delivery of the Securities on the terms and in the manner contemplated in this Agreement and in the Pricing Offering Memorandum and the Final Offering Memorandum; 
 (g) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities by
any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Act, and (ii) no such organization shall have publicly announced that it has under
surveillance or review, with possible negative implications, its rating of any of the Company’s debt securities; 
 (h)
On or after the date hereof there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the New York Stock Exchange or on the Nasdaq National Market; (ii) a suspension
or material limitation in trading in the Company’s securities on the Nasdaq National Market; (iii) a general moratorium on commercial banking activities declared by either Federal or New York State authorities or a material disruption in
commercial banking or securities settlement or clearance services in the United States; (iv) the outbreak or escalation of hostilities involving the United States or the declaration by the United States of a national emergency or war; or
(v) the occurrence of any other calamity or crisis 
  

 -13- 

 or any change in financial, political or economic conditions in the United States or elsewhere, if the
effect of any such event specified in clause (iv) or (v) in the judgment of the Initial Purchasers makes it impracticable or inadvisable to proceed with the offering or the delivery of the Securities on the terms and in the manner
contemplated in the Pricing Offering Memorandum; 
 (i) The Securities have been designated for trading on PORTAL, upon the
prior request of the Initial Purchasers; 
 (j) The Company shall have delivered executed copies of the Securities, the
Indenture and the Registration Rights Agreement to the Initial Purchasers, in each case in form and substance reasonably satisfactory to the Company and the Initial Purchasers; 
 (k) Substantially contemporaneously with the Time of Delivery, the Company shall have consummated the Acquisition (other than with respect
to up to 25% of the outstanding shares of the Target, to the extent any of such shares are not tendered as of the Time of Delivery; provided that to the extent that any such shares are not acquired on or prior to October 9, 2006, the
Company shall exercise its “drag-along” right to acquire such shares not later than February 2007) in accordance with the terms of the Offer Document; and 
 (l) The Company shall have furnished or caused to be furnished to you at the Time of Delivery certificates of officers of the Company
satisfactory to you as to the accuracy of the representations and warranties of the Company and the Guarantors herein at and as of such Time of Delivery, as to the performance by the Company and the Guarantors of all of their obligations hereunder
to be performed at or prior to such Time of Delivery, as to the matters set forth in subsections (g) and (h) of this Section and as to such other matters as you may reasonably request. 
 9. (a) The Company and the Guarantors, jointly and severally, will indemnify and hold harmless each Initial Purchaser against any losses, claims,
damages or liabilities, joint or several, to which such Initial Purchaser may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue
statement or alleged untrue statement of a material fact contained in any Preliminary Offering Memorandum, the Pricing Offering Memorandum or Final Offering Memorandum, or any amendment or supplement thereto, or arise out of or are based upon the
omission or alleged omission to state therein a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and will reimburse each Initial Purchaser for any legal or other
expenses reasonably incurred by such Initial Purchaser in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that neither the Company nor any of the Guarantors shall be
liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Offering Memorandum, the
Pricing Offering Memorandum or Final Offering Memorandum or any such amendment or supplement in reliance upon and in conformity with written information furnished to the Company by any Initial Purchaser through the Representative expressly for use
therein. 
 (b) Each Initial Purchaser will indemnify and hold harmless the Company and the Guarantors against any losses, claims, damages or
liabilities to which the Company and the Guarantors may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged
untrue statement of a material fact contained in any Preliminary Offering Memorandum, the Pricing Offering Memorandum or Final Offering Memorandum, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact or necessary to make the statements therein 
  

 -14- 

 not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in any Prelimninary Offering Memorandum, the Pricing Offering Memorandum or Final Offering Memorandum or any such amendment or supplement in reliance upon and in conformity with written information
furnished to the Company by such Initial Purchaser through the Representative expressly for use therein; and will reimburse the Company and the Guarantors for any legal or other expenses reasonably incurred by the Company in connection with
investigating or defending any such action or claim as such expenses are incurred. 
 (c) Promptly after receipt by an indemnified party
under subsection (a) or (b) above of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in
writing of the commencement thereof; but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party other than under such applicable subsection. In case any such action shall
be brought against any indemnified party and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other
indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from
the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection for any legal expenses of other counsel or any other
expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the written consent of the indemnified party, effect
the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is
an actual or potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not
include a statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of any indemnified party. 
 (d) If
the indemnification provided for in this Section 9 is unavailable to or insufficient to hold harmless an indemnified party under subsection (a) or (b) above in respect of any losses, claims, damages or liabilities (or actions in
respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion
as is appropriate to reflect the relative benefits received by the Company and the Guarantors on the one hand and the Initial Purchasers on the other from the offering of the Securities. If, however, the allocation provided by the immediately
preceding sentence is not permitted by applicable law or if the indemnified party failed to give the notice required under subsection (c) above, then each indemnifying party shall contribute to such amount paid or payable by such indemnified
party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Company and the Guarantors on the one hand and the Initial Purchasers on the other in connection with the statements or
omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative benefits received by the Company and the Guarantors on the one hand and the
Initial Purchasers on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Company and the Guarantors to the total underwriting discounts and commissions
received by the Initial Purchasers, in each case as set forth in the Pricing Offering Memorandum. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors on the one hand 
  

 -15- 

 or the Initial Purchasers on the other and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The Company, the Guarantors and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this subsection (d) were determined by pro rata
allocation or by any other method of allocation (even if the Initial Purchasers were treated as one entity for such purpose) which does not take account of the equitable considerations referred to above in this subsection (d). The amount paid or
payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above in this subsection (d) shall be deemed to include any legal or other expenses of one counsel (including
local counsel) reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this subsection (d), the Initial Purchasers shall not be required to contribute
any amount in excess of the amount by which the total price at which the Securities underwritten by them and distributed to investors were offered to investors exceeds the amount of any damages which the Initial Purchasers have otherwise been
required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. The Initial Purchasers’ obligations in this subsection (d) to contribute are several in proportion to their respective underwriting
obligations and not joint. 
 (e) The obligations of the Company and the Guarantors under this Section 9 shall be in addition to any
liability which the Company and the Guarantors may otherwise have and shall extend, upon the same terms and conditions, to each person, if any, who controls the Initial Purchasers within the meaning of the Act; and the obligations of the respective
Initial Purchasers under this Section 9 shall be in addition to any liability which the Initial Purchasers may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of the Company or any Guarantor and
to each person, if any, who controls the Company or any Guarantor within the meaning of the Act. 
 10. (a) If any Initial Purchaser
shall default in its obligation to purchase the Securities which it has agreed to purchase hereunder, you may in your discretion arrange for you or another party or other parties to purchase such Securities on the terms contained herein. If within
thirty-six hours after such default by any Initial Purchaser you do not arrange for the purchase of such Securities, then the Company shall be entitled to a further period of thirty-six hours within which to procure another party or other parties
satisfactory to you to purchase such Securities on such terms. In the event that, within the respective prescribed periods, you notify the Company that you have so arranged for the purchase of such Securities, or the Company notifies you that it has
so arranged for the purchase of such Securities, you or the Company shall have the right to postpone the Time of Delivery for a period of not more than seven days, in order to effect whatever changes may thereby be made necessary in the Pricing
Offering Memorandum or Final Offering Memorandum, or in any other documents or arrangements, and the Company agrees to prepare promptly any amendments to the Pricing Offering Memorandum or Final Offering Memorandum which in your opinion may thereby
be made necessary. The term “Initial Purchaser” as used in this Agreement shall include any person substituted under this Section with like effect as if such person had originally been a party to this Agreement with respect to such
Securities. 
 (b) If, after giving effect to any arrangements for the purchase of the Securities of a defaulting Initial Purchaser by you
and the Company as provided in subsection (a) above, the aggregate principal amount of such Securities which remains unpurchased does not exceed one-eleventh of the aggregate principal amount of all the Securities, then the Company shall have
the right to require each non-defaulting Initial Purchaser to purchase the principal amount of Securities which such Initial Purchaser agreed to purchase hereunder and, in addition, to require each non-defaulting Initial Purchaser to purchase its
pro rata share (based on the principal amount of Securities which such Initial Purchaser agreed to purchase hereunder) of the Securities of such defaulting Initial Purchaser for which such arrangements have not been made; but nothing herein shall
relieve a defaulting Initial Purchaser from liability for its default. 
  

 -16- 

 (c) If, after giving effect to any arrangements for the purchase of the Securities of a defaulting
Initial Purchaser by you and the Company as provided in subsection (a) above, the aggregate principal amount of Securities which remains unpurchased exceeds one-eleventh of the aggregate principal amount of all the Securities, or if the Company
shall not exercise the right described in subsection (b) above to require non-defaulting Initial Purchasers to purchase Securities of a defaulting Initial Purchaser, then this Agreement shall thereupon terminate, without liability on the part
of any non-defaulting Initial Purchaser or the Company, except for the expenses to be borne by the Company and the Initial Purchasers as provided in Section 6 hereof and the indemnity and contribution agreements in Section 8 hereof; but
nothing herein shall relieve a defaulting Initial Purchaser from liability for its default. 
 11. The respective indemnities, agreements,
representations, warranties and other statements of the Company, the Guarantors and the several Initial Purchasers, as set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall remain in full force
and effect, regardless of any investigation (or any statement as to the results thereof) made by or on behalf of any Initial Purchaser or any controlling person of any Initial Purchaser, or the Company, or any Guarantor, or any officer or director
or controlling person of the Company or any Guarantor, and shall survive delivery of and payment for the Securities. 
 12. (a) The
Company represents and agrees that, without the prior consent of each Initial Purchaser, it has not made and will not make any offer relating to the Securities that, if the offering of the Securities contemplated by this Agreement were conducted as
a public offering pursuant to a registration statement filed under the Act with the Commission, would constitute an “issuer free writing prospectus,” as defined in Rule 433 under the Act (any such offer is hereinafter referred to as a
“Company Supplemental Disclosure Document”); 
 (b) each Initial Purchaser represents and agrees that, without the prior
consent of the Company and each other Initial Purchaser, other than the Pricing Supplement, it has not made and will not make any offer relating to the Securities that, if the offering of the Securities contemplated by this Agreement were conducted
as a public offering pursuant to a registration statement filed under the Act with the Commission, would constitute a “free writing prospectus,” as defined in Rule 405 under the Act (any such offer (other than any such term sheets), is
hereinafter referred to as a “Purchaser Supplemental Disclosure Document”); and 
 (c) any Company Supplemental Disclosure
Document or Purchaser Supplemental Disclosure Document the use of which has been consented to by the Company and the Initial Purchasers is listed on Schedule III hereto; 
 13. If this Agreement shall be terminated pursuant to Section 10 hereof, neither the Company nor any Guarantor shall then be under any liability to any Initial Purchaser except as provided in Sections 7 and 9
hereof; but if for any other reason the Securities are not delivered by or on behalf of the Company as provided herein, the Company and the Guarantors, jointly and severally, will reimburse you for all out-of-pocket expenses approved in writing by
you, including fees and disbursements of counsel, reasonably incurred by the Initial Purchasers in making preparations for the purchase, sale and delivery of the Securities any and the Guarantees, but none of the Company or the Guarantors shall then
be under further liability to a Initial Purchaser except as provided in Sections 7 and 9 hereof. 
 14. The statements set forth (i) in
the last paragraph on the front cover page regarding delivery of the Notes (as such paragraph is supplemented by the Pricing Supplement), (ii) in the third sentence under the third paragraph under the heading “Private Placement” in
the Pricing Offering Memorandum (iii) in the third and fourth sentences in the twelfth paragraph under the heading “Private Placement” in 
  

 -17- 

 the Pricing Offering Memorandum and (iv) in the thirteenth paragraph under the heading “Private Placement”
in the Pricing Offering Memorandum (in each case to the extent such statements relate to the Initial Purchaser) constitute the only information furnished by the Initial Purchaser to the Company for the purposes of Sections 1(a) and 9 hereof.

 15. In all dealings hereunder, you shall act on behalf of each of the Initial Purchaser, and the parties hereto shall be entitled to act
and rely upon any statement, request, notice or agreement on behalf of any Initial Purchaser made or given by you. 
 16. All statements,
requests, notices and agreements hereunder shall be in writing, and if to the Initial Purchaser shall be delivered or sent by mail, telex or facsimile transmission to Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, and if to
the Company or any Guarantor, shall be delivered or sent by mail, telex or facsimile transmission to the address of the Company set forth in the Pricing Offering Memorandum, Attention: Secretary. Any such statements, requests, notices or agreements
shall take effect upon receipt thereof. 
 17. This Agreement shall be binding upon, and inure solely to the benefit of, the Initial
Purchasers, the Company, the Guarantors and, to the extent provided in Sections 9 and 10 hereof, the officers and directors of the Company and the Guarantors and each person who controls the Company, any Guarantor or any Initial Purchaser, and their
respective heirs, executors, administrators, successors and assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. No purchaser of any of the Securities from any Initial Purchaser shall be deemed a
successor or assign by reason merely of such purchase. 
 18. Time shall be of the essence of this Agreement. 
 19. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
 20. This Agreement may be executed by any one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an
original, but all such respective counterparts shall together constitute one and the same instrument. 
 If the foregoing is in accordance
with your understanding, please sign and return to us four counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Initial Purchaser, this letter and such acceptance hereof shall constitute a binding agreement between
the Initial Purchaser, the Company and each of the Guarantors. 
  

 -18- 

			
	Very truly yours,
	
	FTI CONSULTING, INC.
		
	By:	 	 /S/ THEODORE I. PINCUS

	Name:	 	Theodore I. Pincus
	Title:	 	EV.P./CFO
	
	FTI, LLC
	FTI REPOSITORY SERVICES
	LEXECON, LLC
	TEKLICON, INC.
	FTI CAMBIO, LLC
	FTI IP, LLC
	FTI FD LLC
	FTI COMPASS, LLC
	FTI INVESTIGATIONS, LLC
	COMPETITION POLICY ASSOCIATES, INC.
	FTI INTERNATIONAL RISK, LLC
	FTI BKS ACQUISITION LLC
		
	By:	 	 /S/ THEODORE I. PINCUS

	Name:	 	Theodore I. Pincus
	Title:	 	EVP/CFO

  

 -19- 

			
	Accepted as of the date hereof:
	
	DEUTSCHE BANK SECURITIES INC.
		
	By:	 	 /S/JOHN EYDENBERG

	Name:	 	John Eydenberg
	Title:	 	MD
		
	By:	 	 /S/ JAMES PARIS

	Name:	 	James Paris
	Title:	 	Director

  

 -20- 

			
	GOLDMAN, SACHS & CO.
		
	By:	 	 /S/ GOLDMAN, SACHS & CO.

		 	(Goldman, Sachs & Co.)

  

 -21- 

 SCHEDULE I 
 FTI, LLC, a Maryland limited liability company 
 FTI Repository Services, LLC, a Maryland limited liability company 
 Lexecon, LLC, a Maryland limited liability company 
 Teklicon, Inc., a California corporation 
 FTI Cambio, LLC, a Maryland limited liability company 
 FTI IP, LLC, a Maryland limited
liability company 
 FTI FD LLC, a Maryland limited liability company 
 FTI Compass, LLC, a Maryland limited liability company 
 FTI Investigations, LLC, a Maryland limited liability company 
 Competition Policy Associates, Inc., a District of Columbia corporation 
 FTI International Risk, LLC, a Maryland limited liability company 
 FTI BKS Acquisition LLC, a Maryland limited liability company 

 SCHEDULE II 
  

				
	 Initial Purchaser
	  	Percentage of
Principal
Amount of
Securities to be
Purchased	 
	 Deutsche Bank Securities Inc.
	  	85	%
	 Goldman, Sachs & Co
	  	15	%
		  	 	 
	 Total
	  	100	%

  

 A-1 

 SCHEDULE III 
 None 
  

 A-1 

 ANNEX A 
  

 A-1FORM OF SECOND SUPPLEMENTAL INDENTURE

 Exhibit 4.2 
 SECOND SUPPLEMENTAL INDENTURE 
 BETWEEN 
 DOMINION RESOURCES, INC. 
 AND

 JPMORGAN CHASE BANK, N.A. 
 DATED AS OF SEPTEMBER 1, 2006 
 2006 SERIES B ENHANCED JUNIOR SUBORDINATED NOTES 
 DUE SEPTEMBER 30, 2066 

 TABLE OF CONTENTS 
  

					
	ARTICLE I DEFINITIONS	  	2
			
	    1.1	  	Definition of Terms.	  	2
		
	ARTICLE II GENERAL TERMS AND CONDITIONS OF THE JUNIOR SUBORDINATED NOTES	  	6
			
	    2.1	  	Designation and Principal Amount.	  	6
			
	    2.2	  	Stated Maturity.	  	6
			
	    2.3	  	Form and Payment; Minimum Transfer Restriction.	  	6
			
	    2.4	  	Exchange and Registration of Transfer of Junior Subordinated Notes; Restrictions on Transfers; Depositary.	  	7
			
	    2.5	  	Interest.	  	8
			
	    2.6	  	Events of Default.	  	9
		
	ARTICLE III REDEMPTION OF THE JUNIOR SUBORDINATED NOTES	  	10
			
	    3.1	  	Tax Event Redemption.	  	10
			
	    3.2	  	Optional Redemption by Company.	  	10
			
	    3.3	  	Notice of Redemption.	  	10
		
	ARTICLE IV OPTION TO DEFER INTEREST PAYMENTS	  	10
			
	    4.1	  	Option to Defer Interest Payments.	  	10
			
	    4.2	  	Notice of Extension.	  	11
		
	ARTICLE V EXPENSES	  	11
			
	    5.1	  	Payment of Expenses.	  	11
			
	    5.2	  	Payment Upon Resignation or Removal.	  	12
		
	ARTICLE VI FORM OF JUNIOR SUBORDINATED NOTE	  	12
			
	    6.1	  	Form of Junior Subordinated Note.	  	12
		
	ARTICLE VII ORIGINAL ISSUE OF JUNIOR SUBORDINATED NOTES	  	12
			
	    7.1	  	Original Issue of Junior Subordinated Notes.	  	12
		
	ARTICLE VIII MISCELLANEOUS	  	12
			
	    8.1	  	Ratification of Indenture; Second Supplemental Indenture Controls.	  	12
			
	    8.2	  	Trustee Not Responsible for Recitals.	  	13
			
	    8.3	  	Governing Law.	  	13
			
	    8.4	  	Separability.	  	13
			
	    8.5	  	Counterparts.	  	13
		
	 EXHIBIT A
	  	1

  

 ii 

 SECOND SUPPLEMENTAL INDENTURE 
 THIS SECOND SUPPLEMENTAL INDENTURE, dated as of September 1, 2006 (the “Second Supplemental Indenture”), is between DOMINION
RESOURCES, INC., a Virginia corporation (the “Company”), and JPMORGAN CHASE BANK, N.A., as trustee (the “Trustee”) under the Junior Subordinated Indenture II, dated as of June 1, 2006, between the Company and the Trustee
(the “Base Indenture” and, together with the First Supplemental Indenture dated as of June 1, 2006 and this Second Supplemental Indenture, the “Indenture”). 
 WHEREAS, the Company executed and delivered the Base Indenture to the Trustee to provide for the future issuance of the Company’s unsecured
junior subordinated notes (the “Notes”) to be issued from time to time in one or more series as might be determined by the Company under the Indenture, in an unlimited aggregate principal amount which may be authenticated and delivered as
provided in the Base Indenture; 
 WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the
establishment of a series of its Notes, to be known as its 2006 Series B Enhanced Junior Subordinated Notes due September 30, 2066 (the “Junior Subordinated Notes”), the form and substance of such Junior Subordinated Notes and the
terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Second Supplemental Indenture; 
 WHEREAS, the Company desires that this series of Junior Subordinated Notes be originally issued on September 29, 2006 pursuant to the Indenture and sold pursuant to the Underwriting Agreement (as defined below); 
 WHEREAS, the Company has offered to the purchasers (the “Underwriters”) named in Schedule I to the Underwriting Agreement, dated
September 26, 2006 (the “Underwriting Agreement”), between the Underwriters and the Company $500,000,000 aggregate principal amount of its Junior Subordinated Notes; and 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Second Supplemental Indenture and all requirements necessary to make
this Second Supplemental Indenture a valid instrument in accordance with its terms, and to make the Junior Subordinated Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, have
been performed, and the execution and delivery of this Second Supplemental Indenture has been duly authorized in all respects; 
 NOW,
THEREFORE, in consideration of the purchase and acceptance of the Junior Subordinated Notes by the holders, and for the purpose of setting forth, as provided in the Base Indenture, the form and substance of the Junior Subordinated Notes and the
terms, provisions and conditions thereof, the Company covenants and agrees with the Trustee as follows: 

 ARTICLE I 
 DEFINITIONS 
 1.1 Definition of Terms. For all purposes of this Second Supplemental Indenture,
except as otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms not otherwise defined herein which are
defined in the Base Indenture have the same meanings when used in this Second Supplemental Indenture; 
 (b) the terms defined in this
Article have the meanings assigned to them in this Article and include the plural as well as the singular; 
 (c) all other terms used herein
which are defined in the Trust Indenture Act of 1939, as amended, whether directly or by reference therein, have the meanings assigned to them therein; 
 (d) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the United States of America, and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States of America at the
date of such computation; provided, that when two or more principles are so generally accepted, it shall mean that set of principles consistent with those in use by the Company; 
 (e) a reference to a Section or Article is to a Section or Article of this Second Supplemental Indenture unless otherwise stated; 
 (f) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Second Supplemental
Indenture as a whole and not to any particular Article, Section or other subdivision; 
 (g) headings are for convenience of reference only
and do not affect interpretation; 
 “Additional Interest” has the meaning specified in Section 2.5. 
 “Calculation Agent” means JPMorgan Chase Bank, N.A., or its successor appointed by the Company, acting as calculation agent. 
 “Comparable Treasury Issue” means, with respect to any redemption date, the United States Treasury security selected by the Quotation Agent as
having a maturity comparable to the time period from the redemption date to September 30, 2011 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities with a term to maturity comparable to such time period. If no United States Treasury security has a maturity which is within a period from three months before to three months after September 30, 2011, the two most closely
corresponding United States Treasury securities shall be used as the Comparable Treasury Issue, and the Treasury Rate shall be interpolated or extrapolated on a straight-line basis, rounding to the nearest month using such securities. 
  

 2 

 “Comparable Treasury Price” means, with respect to any redemption date, (A) the average,
after excluding the highest and lowest such Reference Treasury Dealer Quotations, of up to five Reference Treasury Dealer Quotations for such redemption date, or (B) if the Quotation Agent obtains fewer than five such Reference Treasury Dealer
Quotations, the average of all such Quotations. 
 “Coupon Rate” has the meaning specified in Section 2.5(a). 
 “Definitive Note Certificates” means Notes issued in definitive, fully registered form. 
 “Fixed Coupon Rate” has the meaning specified in Section 2.5(a). 
 “Floating Coupon Rate” has the meaning specified in Section 2.5(a). 
 “Fixed Rate Period” has the meaning specified in Section 2.5(a). 
 “Floating Rate Period” has the meaning specified in Section 2.5(a). 
 “Global Note” has the meaning specified in Section 2.4(a). 
 “Interest Payment Date” has the meaning specified in Section 2.5. 
 “Junior Subordinated
Notes” has the meaning specified in the second recital to this Second Supplemental Indenture. 
 “LIBOR Business Day” means
any Business Day on which dealings in deposits in U.S. Dollars are transacted in the London Inter-Bank Market. 
 “LIBOR Interest
Determination Date” means the second LIBOR Business Day preceding each LIBOR Rate Reset Date. 
 “LIBOR Rate Reset Date”
means, subject to Section 2.5(b), the 30th day of the months of March, June, September and December of each
year commencing on September 30, 2011. 
 “Make-Whole Amount” means an amount equal to the greater of (i) 100% of the
principal amount of the Junior Subordinated Notes or (ii) as determined by a Quotation Agent as of the redemption date, the sum of the present value of each scheduled payment of interest on the Junior Subordinated Notes from the redemption date
to September 30, 2011 and the present value of the principal amount of the Junior Subordinated Notes assuming, solely for purposes of this calculation, a scheduled payment of such principal on September 30, 2011, discounted to the
redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus 25 basis points. 
  

 3 

 “Notes” has the meaning specified in the first recital to this Second Supplemental Indenture.

 “Optional Deferral Period” has the meaning specified in Section 4.1. 
 “Optional Redemption Price” has the meaning specified in Section 3.2. 
 “Primary Treasury Dealer” has the meaning specified in the definition of Quotation Agent below. 
 “Quotation Agent” means one of Lehman Brothers Inc., Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, one other primary United States Government securities dealer in New York City (a “Primary Treasury Dealer”) selected by Wachovia Capital Markets, LLC and their respective successors as selected
by the Company; provided, however, that if all of these firms cease to be a Primary Treasury Dealer, the Company shall substitute another Primary Treasury Dealer as Quotation Agent. 
 “Record Date” has the meaning specified in Section 2.5(a). 
 “Reference Treasury Dealer” means (i) Lehman Brothers Inc., Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, one
other Primary Treasury Dealer selected by Wachovia Capital Markets, LLC and their respective successors; provided, however, that if any of these firms shall cease to be a Primary Treasury Dealer, the Company shall substitute another Primary Treasury
Dealer for that firm; and (ii) up to two 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 Quotation Agent, 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 Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Stated Maturity” has the meaning specified in Section 2.2. 
 “Tax Event” means the receipt by the Company of an opinion of independent tax counsel experienced in such matters (“Tax Event Opinion”), to the effect that, as a result of (a) any amendment
to, change in or announced prospective change in the laws (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein, or (b) any official administrative written decision,
pronouncement or action, or judicial decision interpreting or applying such laws or regulations, which amendment or change is effective or which proposed change, pronouncement, decision or action is announced on or after the date of original
issuance of the Junior Subordinated Notes, there is more than an insubstantial risk that interest payable by the Company on the Junior Subordinated Notes is not or within 90 days of the date of such opinion, will not be deductible, in whole or in
part, by the Company for United States federal income tax purposes. 
  

 4 

 “Tax Event Make-Whole Amount” means an amount equal to the greater of (i) 100% of the
principal amount of the Junior Subordinated Notes or (ii) as determined by a Quotation Agent as of the redemption date, the sum of the present value of each scheduled payment of interest on the Junior Subordinated Notes from the redemption date
to September 30, 2011 and the present value of the principal amount of the Junior Subordinated Notes assuming, solely for purposes of this calculation, a scheduled payment of such principal on September 30, 2011, discounted to the
redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus 50 basis points. 
 “Tax Event Opinion” has the meaning specified in the definition of Tax Event above. 
 “Telerate Page 3750” means the display designated as “Telerate page 3750” on Moneyline Telerate, Inc. (or such other page as may replace “Telerate page 3750” on such service) or such other service displaying
the London Inter-Bank offered rates of major banks, as may replace Moneyline Telerate, Inc. 
 “Three-Month LIBOR Rate” means the
rate determined in accordance with the following provisions: 
 (1) On the LIBOR Interest Determination Date, the Calculation Agent or its
affiliate will determine the Three-Month LIBOR Rate which shall be the rate for deposits in U.S. Dollars having a three-month maturity which appears on the Telerate Page 3750 as of 11:00 a.m., London time, on the LIBOR Interest Determination Date.

 (2) If no rate appears on Telerate Page 3750 on the LIBOR Interest Determination Date, the Calculation Agent or its affiliate will request
the principal London offices of four major reference banks in the London Inter-Bank Market, to provide it with their offered quotations for deposits in U.S. Dollars for the period of three months, commencing on the applicable LIBOR Rate Reset Date,
to prime banks in the London Inter-Bank Market at approximately 11:00 a.m., London time, on that LIBOR Interest Determination Date and in a principal amount that is representative for a single transaction in U.S. Dollars in that market at that time.
If at least two quotations are provided, then the Three-Month LIBOR Rate will be the average (rounded, if necessary, to the nearest one hundredth (0.01) of a percent) of those quotations. If fewer than two quotations are provided, then the
Three-Month LIBOR Rate will be the average (rounded, if necessary, to the nearest one hundredth (0.01) of a percent) of the rates quoted at approximately 11:00 a.m., New York City time, on the LIBOR Interest Determination Date by three major banks
in New York City selected by the Calculation Agent or its affiliate for loans in U.S. Dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in U.S. Dollars in that
market at that time. If the banks selected by the Calculation Agent or its affiliate are not providing quotations in the manner described by this paragraph, the rate for the quarterly interest period following the LIBOR Interest Determination Date
will be the rate in effect on that LIBOR Interest Determination Date. 
  

 5 

 “Treasury Rate” means (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 Federal Reserve 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 time period from the redemption date to September 30, 2011, (if no maturity
is within three months before or after such time period, yields for the two published maturities most closely corresponding to such time period shall be determined by the Quotation Agent and the 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. The Treasury Rate shall be calculated on the third Business Day preceding the redemption date. 
 “Underwriters”
has the meaning specified in the fourth recital to this Second Supplemental Indenture. 
 “Underwriting Agreement” has the meaning
specified in the fourth recital to this Second Supplemental Indenture. 
 ARTICLE II 
 GENERAL TERMS AND CONDITIONS OF THE JUNIOR SUBORDINATED NOTES 
 2.1 Designation and Principal Amount. There is hereby authorized a new series of Notes, to be designated the “2006 Series B Enhanced Junior Subordinated Notes due September 30, 2066,” in the
initial aggregate principal amount of $500,000,000, which amount shall be set forth in any written orders of the Company for the authentication and delivery of Junior Subordinated Notes pursuant to Section 2.1 of the Base Indenture and
Section 7.1 hereof. Additional Junior Subordinated Notes without limitation as to amount, and without the consent of the holders of the then Outstanding Junior Subordinated Notes, may also be authenticated and delivered in the manner provided
in Section 2.1 of the Base Indenture. Any such additional Junior Subordinated Notes will have the same Stated Maturity and other terms as those initially issued and shall be consolidated with and part of the same series of Notes as the Junior
Subordinated Notes initially issued under this Second Supplemental Indenture. 
 2.2 Stated Maturity. The Stated Maturity of the
Junior Subordinated Notes is September 30, 2066, which may not be shortened or extended. 
 2.3 Form and Payment; Minimum Transfer
Restriction. 
 (a) The Junior Subordinated Notes shall be issued in fully registered definitive form without coupons in minimum
denominations of $1,000 and integral multiples of $1,000 in excess thereof. Principal and interest on the Junior Subordinated Notes will be payable, the transfer of such Junior Subordinated Notes will be registrable and such Junior Subordinated
Notes will be exchangeable for Junior Subordinated Notes bearing identical terms and provisions 
  

 6 

 at the principal office of the Trustee; provided, however, that payment of interest may be made at the option of the
Company by check mailed to the Person entitled thereto at such address as shall appear in the Register or by transfer to an account maintained by the Person entitled thereto as specified in the Register, provided that proper transfer instructions
have been received by the Paying Agent by the Record Date. The Register for the Junior Subordinated Notes shall be kept at the principal office of the Trustee, and the Trustee is hereby appointed registrar and Paying Agent for the Junior
Subordinated Notes. 
 (b) The Junior Subordinated Notes may be transferred or exchanged only in minimum denominations of $1,000 and integral
multiples of $1,000 in excess thereof, and any attempted transfer, sale or other disposition of Junior Subordinated Notes in a denomination of less than $1,000 shall be deemed to be void and of no legal effect whatsoever. Any such transferee shall
be deemed not to be the holder of such Junior Subordinated Notes for any purpose, including but not limited to the receipt of payments in respect of such Junior Subordinated Notes and such transferee shall be deemed to have no interest whatsoever in
such Junior Subordinated Notes. 
 2.4 Exchange and Registration of Transfer of Junior Subordinated Notes; Restrictions on Transfers;
Depositary. The Junior Subordinated Notes will be issued to the holders in accordance with the following procedures: 
 (a) So long as
Junior Subordinated Notes are eligible for book-entry settlement with the Depositary, or unless required by law, all Junior Subordinated Notes that are so eligible will be represented by one or more Junior Subordinated Notes in global form (a
“Global Note”) registered in the name of the Depositary or the nominee of the Depositary. Except as provided in Section 2.4(c) below, beneficial owners of a Global Note shall not be entitled to have Definitive Note Certificates
registered in their names, will not receive or be entitled to receive physical delivery of Definitive Note Certificates and will not be registered holders of such Global Notes. 
 (b) The transfer and exchange of beneficial interests in Global Notes shall be effected through the Depositary in accordance with the Indenture and the
procedures and standing instructions of the Depositary and the Trustee shall make appropriate endorsements to reflect increases or decreases in principal amounts of such Global Notes. 
 (c) Notwithstanding any other provisions of the Indenture (other than the provisions set forth in this Section 2.4(c)), a Global Note may not be
exchanged in whole or in part for Junior Subordinated Notes registered, and no transfer of a Global Note may be registered, in the name of any person other than the Depositary or a nominee thereof unless (i) such Depositary (A) has
notified the Company that it is unwilling or unable to continue as Depositary for such Global Note or (B) has ceased to be a clearing agency registered as such under the Exchange Act and no successor Depositary has been appointed by the Company
within 90 days after its receipt of such notice or its becoming aware of such ineligibility, (ii) there shall have occurred and be continuing an Event of Default, or any event which after notice or lapse of time or both would be an Event of
Default under the Indenture, with respect to such Note, or (iii) the Company, in its sole discretion and subject to the procedures of the Depositary, instructs the Trustee to exchange such Global Note for a Junior Subordinated Note that is not
a Global Note (in which case such exchange (subject to such procedures) shall be effected by the Trustee). 
  

 7 

 The Depositary shall be a clearing agency registered under the Exchange Act. The Company initially
appoints The Depository Trust Company to act as Depositary with respect to the Global Notes. Initially, the Global Notes shall be registered in the name of Cede & Co., as the nominee of the Depositary, and deposited with the Trustee as
custodian for Cede & Co. 
 Definitive Junior Subordinated Notes issued in exchange for all or a part of a Global Note pursuant to
this Section 2.4(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Upon execution and
authentication, the Trustee shall deliver such definitive Junior Subordinated Notes to the person in whose names such definitive Junior Subordinated Notes are so registered. 
 So long as Junior Subordinated Notes are represented by one or more Global Notes, (i) the registrar for the Junior Subordinated Notes and the
Trustee shall be entitled to deal with the clearing agency for all purposes of the Indenture relating to such Global Notes as the sole holder of the Junior Subordinated Notes evidenced by such Global Notes and shall have no obligations to the
holders of beneficial interests in such Global Notes; and (ii) the rights of the holders of beneficial interests in such Global Notes shall be exercised only through the clearing agency and shall be limited to those established by law and
agreements between such holders and the clearing agency and/or the participants in the clearing agency. 
 At such time as all interests in a
Global Note have been paid, redeemed, exchanged, repurchased or canceled, such Global Note shall be, upon receipt thereof, canceled by the Trustee in accordance with standing procedures and instructions of the Depositary. At any time prior to such
cancellation, if any interest in a Global Note is exchanged for definitive Junior Subordinated Notes, redeemed by the Company pursuant to Article III or canceled, or transferred for part of a Global Note, the principal amount of such Global Note
shall, in accordance with the standing procedures and instructions of the Depositary be reduced or increased, as the case may be, and an endorsement shall be made on such Global Note by, or at the direction of, the Trustee to reflect such reduction
or increase. 
 2.5 Interest. 
 (a) Each Junior Subordinated Note will bear interest at (i) the rate of 6.30% per annum (the “Fixed Coupon Rate”) until September 30, 2011 (the “Fixed Rate Period”), and (ii) the Three-Month LIBOR
Rate plus 2.30% per annum, reset quarterly on the LIBOR Rate Reset Dates (the “Floating Coupon Rate” and, together with the Fixed Coupon Rate, the “Coupon Rate”), from September 30, 2011 up to, but not including, the
Stated Maturity (the “Floating Rate Period”), and will bear interest on any overdue principal at the then prevailing Coupon Rate and (to the extent that payment of such interest is enforceable under applicable law) on any overdue
installment of interest at the then prevailing Coupon Rate (“Additional Interest”), compounded semi-annually for the Fixed Rate Period and quarterly for the Floating Rate Period, payable (subject to the provisions of Article IV)
semi-annually in arrears on the 30th day of March and September of each year during the Fixed Rate Period and
quarterly in arrears 
  

 8 

 on the 30th day of March, June, September and December of each year during the Floating Rate Period (each, an “Interest Payment Date”), commencing on March 30, 2007 for the Fixed Rate Period and December 30, 2011
for the Floating Rate Period to the Person in whose name such Junior Subordinated Note is registered, subject to certain exceptions, at the close of business on the Record Date next preceding such Interest Payment Date. The “Record Date”
for payment of interest will be the Business Day next preceding the Interest Payment Date, unless such Junior Subordinated Note is registered to a holder other than the Depositary or a nominee of the Depositary, in which case the Record Date for
payment of interest will be the fifteenth calendar day preceding the applicable Interest Payment Date, whether or not a Business Day. 
 (b)
During the Fixed Rate Period, the amount of interest payable for any period will be computed on the basis of a 360-day year of twelve 30-day months, and during the Floating Rate Period, the amount of interest payable for any period will be computed
on the basis of the actual number of days in the relevant period divided by 360. During the Fixed Rate Period, if an Interest Payment Date, redemption date or the Stated Maturity of the Junior Subordinated Notes falls on a day that is not a Business
Day, the payment of interest and principal will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after the Interest Payment Date, redemption date or the Stated Maturity, as applicable.
During the Floating Rate Period, if any Interest Payment Date, other than a redemption date or the Stated Maturity of the Junior Subordinated Notes, falls on a day that is not a Business Day, the Interest Payment Date will be postponed to the next
day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the Interest Payment Date will be the immediately preceding Business Day. Also, if a redemption date or the Stated Maturity of the Junior
Subordinated Notes falls on a day that is not a Business Day, the payment of interest and principal will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after a redemption date or the
Stated Maturity. During the Floating Rate Period, if any LIBOR Rate Reset Date falls on a day that is not a Business Day, the LIBOR Rate Reset Date will be postponed to the next day that is a Business Day, except that if that Business Day is in the
next succeeding calendar month, the LIBOR Rate Reset Date will be the immediately preceding Business Day. During the Floating Rate Period, the interest rate in effect on any LIBOR Rate Reset Date will be the applicable rate as reset on that date and
the interest rate applicable to any other day will be the interest rate as reset on the immediately preceding LIBOR Rate Reset Date. 
 2.6 Events of Default. An Event of Default as defined in the Indenture shall be an Event of Default with respect to the Junior Subordinated Notes provided that the nonpayment of interest for so long as and to the extent that interest
is permitted to be deferred pursuant to Article IV herein shall not be deemed to be a default in the payment of interest for the purposes of Article VI of the Base Indenture and shall not otherwise be deemed an Event of Default with respect to the
Junior Subordinated Notes. For the avoidance of doubt, and without prejudice to any other remedies that may be available to the Trustee or the holders of the Junior Subordinated Notes, no breach by the Company of any covenant or obligation under the
Indenture or the terms of the Junior Subordinated Notes shall be an Event of Default except those that are specifically identified as an Event of Default under the Indenture. 
  

 9 

 ARTICLE III 
 REDEMPTION OF THE JUNIOR SUBORDINATED NOTES 
 3.1 Tax Event Redemption. If a Tax Event shall
occur and be continuing, the Company may redeem the Junior Subordinated Notes within 90 days after the occurrence of that Tax Event, in whole but not in part, before September 30, 2011, at the Tax Event Make-Whole Amount plus accrued and unpaid
interest thereon, if any, to but excluding the redemption date. The Tax Event Make-Whole Amount shall be paid prior to 2:30 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Trustee an amount
sufficient to pay the Tax Event Make-Whole Amount by 11:00 a.m., New York City time, on the date such Tax Event Make-Whole Amount is to be paid. The Company will notify the Trustee of the amount of the Tax Event Make-Whole Amount promptly after the
calculation thereof, and the Trustee will not be responsible for such calculation. 
 3.2 Optional Redemption by Company. The Company
shall have the option to redeem the Junior Subordinated Notes (i) at any time, in whole or in part, at 100% of their principal amount (the “Optional Redemption Price”) plus accrued and unpaid interest thereon, if any, to but excluding
the redemption date on one or more occasions on or after September 30, 2011 or (ii) at any time, in whole or in part, before September 30, 2011 at the Make-Whole Amount plus accrued and unpaid interest thereon, if any, to but
excluding the redemption date. The Optional Redemption Price or the Make-Whole Amount, as applicable, shall be paid prior to 2:30 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Trustee an
amount sufficient to pay the Optional Redemption Price or the Make-Whole Amount, as applicable, by 11:00 a.m., New York City time, on the date such Optional Redemption Price or the Make-Whole Amount, as applicable, is to be paid. The Company
will notify the Trustee of the amount of the Make-Whole Amount promptly after the calculation thereof, and the Trustee will not be responsible for such calculation. 
 3.3 Notice of Redemption. Subject to Article III of the Base Indenture, notice of any redemption pursuant to this Article III will be mailed at least 20 days but not more than 60 days before the redemption date
to each holder of Junior Subordinated Notes to be redeemed at such holder’s registered address. Unless the Company defaults in payment of the applicable redemption price, on and after the redemption date interest shall cease to accrue on such
Junior Subordinated Notes called for redemption. 
 ARTICLE IV 
 OPTION TO DEFER INTEREST PAYMENTS 
 4.1 Option to Defer Interest
Payments. At the Company’s option, it may, on one or more occasions, defer payment of all or part of the current and accrued interest otherwise due on the Junior Subordinated Notes for a period of up to 10 consecutive years (each period,
commencing on the date that the first such interest payment would otherwise have been made, an “Optional Deferral Period”). A deferral of interest payments may not extend beyond the Stated Maturity of the Junior Subordinated Notes, and the
Company may not begin a new Optional Deferral Period and may not pay current interest on the Junior Subordinated Notes until it has paid all accrued interest on the Junior Subordinated Notes from the previous Optional Deferral Period. 
  

 10 

 Any deferred interest on the Junior Subordinated Notes will accrue Additional Interest at a rate equal to
the Coupon Rate then applicable to the Junior Subordinated Notes, to the extent permitted by applicable law. Once the Company pays all deferred interest payments on the Junior Subordinated Notes, including any Additional Interest accrued on the
deferred interest, it shall be entitled to again defer interest payments on the Junior Subordinated Notes as described above, but not beyond the Stated Maturity of the Junior Subordinated Notes. 
 Unless the Company has paid all accrued and payable interest on the Junior Subordinated Notes, it will not and its Subsidiaries shall not do any of the
following: 
  

	 	•	 	declare or pay any dividends or distributions, or redeem, purchase, acquire, or make a liquidation payment on any of the Company’s capital stock; 

  

	 	•	 	make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any of its debt securities that rank on a parity with or junior to the Junior
Subordinated Notes (including debt securities of other series issued under the Base Indenture); or 

  

	 	•	 	make any guarantee payments on any guarantee of debt securities if the guarantee ranks on a parity with or junior to the Junior Subordinated Notes. 

 However, at any time, including during an Optional Deferral Period, the Company may: 
  

	 	•	 	pay stock dividends or distributions in additional shares of its capital stock; 

  

	 	•	 	declare or pay a dividend in connection with the implementation of a shareholders’ rights plan, or issue stock under such a plan or repurchase such rights; and

  

	 	•	 	purchase common stock for issuance pursuant to any employee benefit plans or dividend reinvestment and direct stock purchase plans. 

 4.2 Notice of Extension. The Company shall give the Trustee written notice of any optional deferral of interest at least 10 Business Days and not
more than 60 Business Days prior to the applicable Interest Payment Date. The Trustee shall forward such notice promptly to each holder of record of Junior Subordinated Notes. 
 ARTICLE V 
 EXPENSES 
 5.1 Payment of Expenses. In connection with the offering, sale and issuance of the Junior Subordinated Notes, the Company shall: 
 (a) pay all costs and expenses relating to the offering, sale and issuance of the Junior Subordinated Notes, including commissions to the Underwriters
payable pursuant to the Underwriting Agreement and compensation of the Trustee under the Indenture in accordance with the provisions of Section 7.6 of the Base Indenture; and 
  

 11 

 (b) be primarily liable for any indemnification obligations arising with respect to the Underwriting
Agreement. 
 5.2 Payment Upon Resignation or Removal. Upon termination of this Second Supplemental Indenture or the Base Indenture or
the removal or resignation of the Trustee pursuant to Section 7.10 of the Base Indenture, the Company shall pay to the Trustee all amounts owed to it under Section 7.6 of the Base Indenture accrued to the date of such termination, removal
or resignation. 
 ARTICLE VI 
 FORM OF JUNIOR SUBORDINATED NOTE 
 6.1 Form of Junior Subordinated Note. The Junior Subordinated Notes and the
Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the form attached hereto as Exhibit A. 
 ARTICLE VII 
 ORIGINAL ISSUE OF JUNIOR SUBORDINATED NOTES 
 7.1 Original Issue of Junior Subordinated Notes. Junior Subordinated Notes in the initial aggregate principal amount of up to $500,000,000 may be
executed by the Company and delivered to the Trustee for authentication by it, and the Trustee shall thereupon authenticate and deliver said Junior Subordinated Notes to or upon the written order of the Company, signed by any Officer of the Company,
without any further corporate action by the Company. Additional Junior Subordinated Notes without limitation as to amount, and without the consent of the holders of the then Outstanding Junior Subordinated Notes, may also be authenticated and
delivered in the manner provided in Section 2.1 of the Base Indenture. Any such additional Junior Subordinated Notes will have the same Stated Maturity and other terms as those initially issued and shall be consolidated with and part of the
same series of Notes as the Junior Subordinated Notes initially issued under this Second Supplemental Indenture. 
 ARTICLE VIII

 MISCELLANEOUS 
 8.1 Ratification of Indenture; Second Supplemental Indenture Controls. The Base Indenture, as supplemented by this Second Supplemental Indenture, is in all respects ratified and confirmed, and this Second Supplemental Indenture shall
be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. The provisions of this Second Supplemental Indenture shall supersede the provisions of the Base Indenture to the extent the Base Indenture is
inconsistent herewith. 
  

 12 

 8.2 Trustee Not Responsible for Recitals. The recitals herein contained are made by the Company
and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture. 
 8.3 Governing Law. This Second Supplemental Indenture and each Junior Subordinated Note shall be deemed to be a contract made under the internal
laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of said State, without regard to the conflicts of law principles thereof. 
 8.4 Separability. In case any one or more of the provisions contained in this Second Supplemental Indenture or in the Junior Subordinated Notes
shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Second Supplemental Indenture or of the Junior Subordinated Notes, but
this Second Supplemental Indenture and the Junior Subordinated Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 
 8.5 Counterparts. This Second Supplemental Indenture may be executed in any number of counterparts each of which shall be an original; but such
counterparts shall together constitute but one and the same instrument. 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed
as of the date first above written. 
  

			
	DOMINION RESOURCES, INC.
		
	By:	 	  

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

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 14 

 EXHIBIT A 
 (FORM OF FACE OF JUNIOR SUBORDINATED NOTE) 
 [THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS EXCHANGEABLE FOR JUNIOR SUBORDINATED NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE 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) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES.]* 
 [UNLESS THIS NOTE 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 NOTE 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 HEREON IS
MADE TO [CEDE & CO.], ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, [CEDE & CO.], HAS AN INTEREST HEREIN.]* 
 THE NOTES EVIDENCED HEREBY WILL BE ISSUED, AND
MAY BE TRANSFERRED, ONLY IN BLOCKS HAVING A PRINCIPAL AMOUNT OF NOT LESS THAN $1,000. ANY TRANSFER, SALE OR OTHER DISPOSITION OF SUCH NOTES IN A BLOCK HAVING A PRINCIPAL AMOUNT OF LESS THAN $1,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT
WHATSOEVER. ANY SUCH TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF SUCH NOTES FOR ANY PURPOSE, INCLUDING BUT NOT LIMITED TO THE RECEIPT OF PAYMENTS IN RESPECT OF SUCH NOTES, AND SUCH TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN
SUCH NOTES. 
  

	*	Insert in Global Notes. 

	
	DOMINION RESOURCES, INC.

 [Up to]* $                     
 2006 SERIES B ENHANCED JUNIOR SUBORDINATED 
 NOTE DUE SEPTEMBER 30, 2066

 Dated:                     
  

					
	NUMBER             	 	 [CUSIP NO:
                        ]

 Registered Holder: 
 DOMINION RESOURCES, INC., a corporation duly organized and existing under the laws of the Commonwealth of Virginia (herein referred to as the “Company,” which term includes any successor corporation under
the Indenture hereinafter referred to), for value received, hereby promises to pay to the Registered Holder named above, the principal sum
[of                                     Dollars]**[specified in the Schedule annexed hereto]*** on September 30, 2066 (the “Stated Maturity”), in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and
private debt. The Company further promises to pay to the registered Holder of this note (the “Note”) as hereinafter provided (a) interest on said principal sum (subject to deferral as set forth herein) at the rate of 6.30% per
annum, in like coin or currency, semi-annually in arrears on the 30th day of March and September until
September 30, 2011 and at the rate per annum equal to the Three-Month LIBOR Rate plus 2.30% (determined in the manner set forth in the Second Supplemental Indenture hereinafter referred to), reset quarterly on the LIBOR Rate Reset Dates, in
like coin or currency, quarterly in arrears on the 30th day of March, June, September and December (each an
“Interest Payment Date”) commencing March 30, 2007 in the first instance and December 30, 2011 in the second instance, from the Interest Payment Date next preceding the date hereof to which interest has been paid or duly provided
for (unless (i) no interest has yet been paid or duly provided for on this Note, in which case from September 29, 2006, or (ii) the date hereof is before an Interest Payment Date but after the related Record Date (as defined below),
in which case from such following Interest Payment Date; provided, however, that if the Company shall default in payment of the interest due on such following Interest Payment Date, then from the next preceding Interest Payment Date to which
interest has been paid or duly provided for or if no interest has yet been paid or duly provided for on this Note, in which case from September 29, 2006), until the principal hereof is paid or duly provided for, plus (b) Additional
Interest, as 

	*	Insert in Global Notes. 

	**	Insert in Notes other than Global Notes. 

	***	Insert in Global Notes. 

  

 A-2 

 defined in the Indenture, to the extent permitted by applicable law, on any interest payment that is not made on the
applicable Interest Payment Date, which shall accrue at the then prevailing rate per annum borne by this Note, compounded semi-annually or quarterly, as applicable. 
 The interest so payable will, subject to certain exceptions provided in the Indenture hereinafter referred to, be paid to the person in whose name this Note is registered at the close of business on the Record Date
next preceding such Interest Payment Date. The Record Date shall be the Business Day next preceding the Interest Payment Date, unless this Note is registered to a holder other than The Depository Trust Company or a nominee of The Depository Trust
Company, in which case the Record Date will be the fifteenth calendar day preceding such Interest Payment Date whether or not a Business Day. This Note may be presented for payment of principal and interest at the principal corporate trust office of
JPMorgan Chase Bank, N.A., as paying agent for the Company, maintained for that purpose in the Borough of Manhattan, The City of New York; provided, however, that payment of interest may be made at the option of the Company (i) by check mailed
to such address of the person entitled thereto as the address shall appear on the Register of the Notes or (ii) by transfer to an account maintained by the Person entitled thereto as specified in the Register, provided that proper transfer
instructions have been received by the Record Date. While this Note bears interest at a fixed rate, interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months, and while this Note bears interest at the Three-Month
LIBOR Rate, the amount of interest payable on this Note for any period will be computed on the basis of the actual number of days in the relevant period divided by 360. 
 At the Company’s option, it may, on one or more occasions, defer payment of all or part of the current and accrued interest otherwise due on the Junior Subordinated Notes for a period of up to 10 consecutive
years (each period, commencing on the date that the first such interest payment would otherwise have been made, an “Optional Deferral Period”). A deferral of interest payments may not extend beyond the Stated Maturity of the Junior
Subordinated Notes, and the Company may not begin a new Optional Deferral Period and may not pay current interest on the Junior Subordinated Notes until it has paid all accrued interest on the Junior Subordinated Notes from the previous Optional
Deferral Period. 
 Any deferred interest on the Junior Subordinated Notes will accrue Additional Interest at a rate equal to the Coupon Rate
then applicable to the Junior Subordinated Notes, to the extent permitted by applicable law. Once the Company pays all deferred interest payments on the Junior Subordinated Notes, including any Additional Interest accrued on the deferred interest,
it shall be entitled to again defer interest payments on the Junior Subordinated Notes as described above, but not beyond the Stated Maturity of the Junior Subordinated Notes. 
 Unless the Company has paid all accrued and payable interest on the Junior Subordinated Notes, it will not and its Subsidiaries shall not do any of the
following: 
  

	 	•	 	declare or pay any dividends or distributions, or redeem, purchase, acquire, or make a liquidation payment on any of the Company’s capital stock; 

  

	 	•	 	make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any of its debt securities that rank on a parity with or junior to the Junior
Subordinated Notes (including debt securities of other series issued under the Base Indenture); or 

  

 A-3 

	 	•	 	make any guarantee payments on any guarantee of debt securities if the guarantee ranks on a parity with or junior to the Junior Subordinated Notes. 

 However, at any time, including during an Optional Deferral Period, the Company may: 
  

	 	•	 	pay stock dividends or distributions in additional shares of its capital stock; 

  

	 	•	 	declare or pay a dividend in connection with the implementation of a shareholders’ rights plan, or issue stock under such a plan or repurchase such rights; and

  

	 	•	 	purchase common stock for issuance pursuant to any employee benefit plans or dividend reinvestment and direct stock purchase plans. 

 The Company shall give the Trustee written notice of any optional deferral of interest at least 10 Business Days and not more than 60 Business Days prior
to the applicable Interest Payment Date. The Trustee shall forward such notice promptly to each holder of record of Junior Subordinated Notes. 
 This Note is issued pursuant to the Junior Subordinated Indenture II (the “Original Indenture”), dated as of June 1, 2006, between the Company, as issuer, and JPMorgan Chase Bank, N.A., a national banking association, as
trustee, as supplemented by a First Supplemental Indenture dated as of June 1, 2006 and a Second Supplemental Indenture (the “Second Supplemental Indenture”) dated as of September 1, 2006 (as so supplemented and as further
supplemented or amended from time to time, the “Indenture”). Reference is made to the Indenture for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company
and the Holders (the word “Holder” or “Holders” meaning the registered holder or registered holders) of the Notes. Capitalized terms used herein but not defined herein shall have the respective meanings assigned thereto in the
Original Indenture as supplemented by the Second Supplemental Indenture. 
 The Notes of this series shall have an initial aggregate
principal amount of Five Hundred Million Dollars ($500,000,000). 
 The Notes evidenced by this Certificate may be transferred or exchanged
only in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof, and any attempted transfer, sale or other disposition of Notes in a denomination of less than $1,000 shall be deemed to be void and of no legal effect
whatsoever. 
 The indebtedness of the Company evidenced by this Note, including the principal hereof and interest hereon, is, to the extent
and in the manner set forth in the Indenture, subordinate and junior in right of payment to the Company’s obligations to Holders of Priority Indebtedness of the Company and each Holder of this Note, by acceptance hereof, agrees to and shall be
bound by such provisions of the Indenture and all other provisions of the Indenture. 
  

 A-4 

 This Note shall not be valid or become obligatory for any purpose until the certificate of authentication
hereon shall have been signed by or on behalf of the Trustee under the Indenture. 
  

 A-5 

 IN WITNESS WHEREOF, DOMINION RESOURCES, INC. has caused this instrument to be duly executed. 

 

					
	Dated:	 	DOMINION RESOURCES, INC.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities, of the series designated herein, referred to in the within-mentioned Indenture. 
  

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

		 	Authorized Officer

  

 A-6 

 REVERSE OF NOTE 
 As provided in and subject to the provisions in the Indenture, the Company shall have the option to redeem the Notes of this series at any time on or after September 30, 2011, in whole or in part, at the Optional
Redemption Price and in whole or in part, before September, 30, 2011 at the Make-Whole Amount plus, in each case, accrued and unpaid interest thereon, if any, to but excluding the redemption date. In addition, if a Tax Event shall occur and be
continuing, the Company may redeem the Notes of this series within 90 days after the occurrence of that Tax Event, in whole but not in part, before September 30, 2011, at the Tax Event Make-Whole Amount plus accrued and unpaid interest thereon,
if any, to but excluding the redemption date. 
 In the case an Event of Default, as defined in the Indenture, shall have occurred and be
continuing, the principal of all of the Notes of this series may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 
 Any consent or waiver by the Holder of this Note given as provided in the Indenture (unless effectively revoked as provided in the Indenture) shall be
conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued in exchange, registration of transfer, or otherwise in lieu hereof irrespective of whether any notation of such consent or waiver is made upon
this Note or such other Notes. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on
this Note, at the places, at the respective times, at the rates 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 Note may be registered on the Register of the Notes of this series upon surrender of this Note for registration of transfer at the offices maintained by the Company
or its agent for such purpose, duly endorsed by the Holder hereof or his attorney duly authorized in writing, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Securities registrar duly executed by the
Holder hereof or his attorney duly authorized in writing, but without payment of any charge other than a sum sufficient to reimburse the Company for any tax or other governmental charge incident thereto. Upon any such registration of transfer, a new
Note or Notes of authorized denomination or denominations for the same aggregate principal amount will be issued to the transferee in exchange herefor. 
 Prior to due presentment for registration of transfer of this Note, the Company, the Trustee, and any agent of the Company or the Trustee may deem and treat the person in whose name this Note shall be registered upon
the Register of the Notes of this series as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon) for the purpose of receiving payment of or on account of
the principal hereof and, subject to the provisions on the face hereof, interest due hereon and for all other purposes; and neither the Company nor the Trustee nor any such agent shall be affected by any notice to the contrary. 
  

 A-7 

 No recourse shall be had for the payment of the principal of or interest on this Note, or for any claim
based hereon or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any stockholder, officer, director or employee, as such, past, present or future, of the Company or of any
successor corporation, either directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as
a part of the consideration for the issue hereof, expressly waived and released. 
 The Company and, by acceptance of this Note or a
beneficial interest in this Note, each holder hereof and any person acquiring a beneficial interest herein, agree that for United States federal, state and local tax purposes it is intended that this Note constitute indebtedness. 
 This Note shall be deemed to be a contract made under the laws of the State of New York (without regard to conflicts of laws principles thereof) and for
all purposes shall be governed by, and construed in accordance with, the laws of said State. 
  

 A-8 

	
	 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 Note and all rights thereunder, hereby irrevocably constituting and
appointing

	
	  
 ___________________________________________________________________________________________________________.

	
	  
 ___________________________________________________________________________________________________________.

	
	  
 ___________________________________________________________________________________________________________.

	
	
	
	  
 ___________________________________________________________________________________________________________.

	
	  
 ___________________________________________________________________________________________________________.

	
	  
 ___________________________________________________________________________________________________________.

 agent to transfer said 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. 
  

 A-9 

 [FORM OF SCHEDULE FOR ENDORSEMENTS ON GLOBAL NOTES TO REFLECT 
 CHANGES IN PRINCIPAL AMOUNT]* 
 The initial principal amount of this Note is:
$                                     
 Changes to Principal Amount of Global Note 
  

							
	 Date
	  	 Principal Amount by which this
 Note is to be Decreased or
 Increased
and the Reason for the
 Decrease or Increase
	  	 Remaining
 Principal Amount
 of this Note
	  	 Signature of
 Authorized
 Officer of Trustee

  
  

	*	Insert Schedule in Global Notes. 

  

 A-10

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