Document:

EX-4.3

 Exhibit 4.3 

SEVENTH SUPPLEMENTAL INDENTURE 

BETWEEN 
 DOMINION
RESOURCES, INC. 
 ISSUER 

AND 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS 
 SERIES TRUSTEE 

DATED AS OF SEPTEMBER 1, 2014 

2014 SERIES A ENHANCED JUNIOR SUBORDINATED NOTES DUE 2054 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 1.1
	 	 Definition of Terms.
	  	 	1	  
		
	 ARTICLE II GENERAL TERMS AND CONDITIONS OF THE JUNIOR SUBORDINATED NOTES
	  	 	4	  
			
	 2.1
	 	 Designation and Principal Amount.
	  	 	4	  
			
	 2.2
	 	 Stated Maturity.
	  	 	4	  
			
	 2.3
	 	 Form and Payment; Minimum Transfer Restriction.
	  	 	4	  
			
	 2.4
	 	 Exchange and Registration of Transfer of Junior Subordinated Notes; Restrictions on Transfers; Depositary.
	  	 	4	  
			
	 2.5
	 	 Interest.
	  	 	5	  
			
	 2.6
	 	 Events of Default.
	  	 	6	  
		
	 ARTICLE III REDEMPTION OF THE JUNIOR SUBORDINATED NOTES
	  	 	6	  
			
	 3.1
	 	 Optional Redemption by Company.
	  	 	6	  
			
	 3.2
	 	 Notice of Redemption.
	  	 	7	  
		
	 ARTICLE IV OPTION TO DEFER INTEREST PAYMENTS
	  	 	7	  
			
	 4.1
	 	 Option to Defer Interest Payments.
	  	 	7	  
			
	 4.2
	 	 Notice of Deferral.
	  	 	8	  
		
	 ARTICLE V FORM OF JUNIOR SUBORDINATED NOTE
	  	 	8	  
			
	 5.1
	 	 Form of Junior Subordinated Note.
	  	 	8	  
		
	 ARTICLE VI ORIGINAL ISSUE OF JUNIOR SUBORDINATED NOTES
	  	 	8	  
			
	 6.1
	 	 Original Issue of Junior Subordinated Notes.
	  	 	8	  
		
	 ARTICLE VII THE SERIES TRUSTEE
	  	 	8	  
			
	 7.1
	 	 Appointment of Series Trustee.
	  	 	8	  
			
	 7.2
	 	 Eligibility of Series Trustee.
	  	 	9	  
			
	 7.3
	 	 Security Registrar and Paying Agent.
	  	 	9	  
			
	 7.4
	 	 Concerning the Trustees.
	  	 	9	  
			
	 7.5
	 	 Patriot Act Requirements of Series Trustee.
	  	 	9	  
			
	 7.6
	 	 Notice upon Series Trustee.
	  	 	9	  
		
	 ARTICLE VIII MISCELLANEOUS
	  	 	9	  
			
	 8.1
	 	 Ratification of Indenture; Seventh Supplemental Indenture Controls.
	  	 	9	  
			
	 8.2
	 	 Recitals.
	  	 	9	  
			
	 8.3
	 	 Governing Law.
	  	 	10	  
			
	 8.4
	 	 Separability.
	  	 	10	  
			
	 8.5
	 	 Counterparts.
	  	 	10	  
		
	 EXHIBIT A
	  	 	A-1	  

 SEVENTH SUPPLEMENTAL INDENTURE 

THIS SEVENTH SUPPLEMENTAL INDENTURE, dated as of September 1, 2014 (the “Seventh Supplemental Indenture”), is between
DOMINION RESOURCES, INC., a Virginia corporation having its principal office at 120 Tredegar Street, Richmond, Virginia 23219 (the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as trustee of the
series of Securities established by this Seventh Supplemental Indenture, having a corporate trust office at 60 Wall Street, 16th Floor, New York, New York 10005 (herein called the “Series
Trustee”). 
 WHEREAS, the Company has heretofore entered into a Junior Subordinated Indenture II, dated as of June 1,
2006, between the Company and The Bank of New York Mellon (successor to JPMorgan Chase Bank, N.A.) (the “Original Trustee”), as supplemented and amended by the Third Supplemental and Amending Indenture, dated as of June 1, 2009 (as so
amended, the “Base Indenture”), among the Company, the Original Trustee and the Series Trustee; 
 WHEREAS, the Base
Indenture is incorporated herein by this reference and the Base Indenture, as supplemented and amended by this Seventh Supplemental Indenture, and as may be hereafter supplemented or amended from time to time in accordance herewith and therewith, is
herein called the “Indenture”; 
 WHEREAS, under the Base Indenture, a new series of Securities may at any time be
established in accordance with the provisions of the Base Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Series Trustee; 

WHEREAS, the Company proposes to create under the Base Indenture a new series of Securities and to appoint the Series Trustee as
Trustee under the Base Indenture with respect to such series of Securities; and 
 WHEREAS, the Company has requested that the Series
Trustee execute and deliver this Seventh Supplemental Indenture and all requirements necessary to make this Seventh 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 Series Trustee, the valid obligations of the Company, have been performed, and the execution and delivery of this Seventh 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 Series Trustee as follows: 

ARTICLE I 
 DEFINITIONS

 1.1 Definition of Terms. For all purposes of this Seventh Supplemental Indenture, except as otherwise expressly provided or
unless the context otherwise requires: 
 (a) the capitalized terms not otherwise defined herein shall have the meanings set forth in the
Base 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; 

  
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 (e) a reference to a Section or Article is to a Section or Article of this Seventh Supplemental
Indenture unless otherwise stated; 
 (f) the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Seventh Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; and 

(g) headings are for convenience of reference only and do not affect interpretation. 

“Additional Interest” has the meaning specified in Section 2.5(a). 

“Business Day” means a day other than (i) a Saturday or a Sunday, (ii) a day on which banks in New York, New York are
authorized or obligated by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office of the Series Trustee is closed for business. 

“Calculation Agent” means Deutsche Bank Trust Company Americas, or its successor appointed by the Company, acting as calculation
agent. 
 “Corporate Trust Office of the Series Trustee” means the office of the Series Trustee at which at any particular time
its corporate trust business with respect to the series of Securities herein described shall be principally administered, which office at the date of original execution of this Seventh Supplemental Indenture is located at 60 Wall Street, 16th Floor, New York, New York 10005, Attention: Corporates Team – Dominion Resources (in addition, copies of correspondence are to be sent to Deutsche Bank National Trust Company for Deutsche Bank
Trust Company Americas, 100 Plaza One, 6th Floor, MSJCY03-0699, Jersey City, New Jersey 07311, Attention: Corporates Team – Dominion Resources). 

“Coupon Rate” has the meaning specified in Section 2.5(a). 

“Definitive Note Certificates” means Junior Subordinated 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(a). 

“Junior Subordinated Notes” has the meaning specified in Section 2.1. 

“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), January 1, April 1, July 1 and
October 1 of each year commencing on January 1, 2025. 
 “Optional Deferral Period” has the meaning specified in
Section 4.1. 
 “Rating Agency Event” means a change in the methodology employed by any nationally recognized statistical
rating organization within the meaning of Section 3(a)(62) of the Securities Exchange Act of 1934, as amended (a “Rating Agency”) that currently publishes a rating for the Company in assigning equity credit to

  
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securities such as the Junior Subordinated Notes, as such methodology is in effect on September 24, 2014 (the “Current Criteria”), which change results in: (i) the length of
time for which such Current Criteria are scheduled to be in effect being shortened with respect to the Junior Subordinated Notes; or (ii) a lower or higher equity credit being assigned by such Rating Agency to the Junior Subordinated Notes as
of the date of such change than the equity credit that would have been assigned to the Junior Subordinated Notes as of the date of such change by such Rating Agency pursuant to its Current Criteria. 

“Record Date” has the meaning specified in Section 2.5(a). 

“Reuters Page LIBOR01” means the display so designated on the Reuters 3000Xtra (or such other page as may replace the LIBOR01 page
on that service or on such other service as may be designated for the purpose of displaying London interbank offered rates for U.S. dollar deposits by the British Bankers Association or such other person that takes over responsibility for the
administration of such rates). 
 “Stated Maturity” has the meaning specified in Section 2.2. 

“Tax Event” means the receipt by the Company of an opinion of counsel experienced in such tax matters to the effect that, as a
result of (a) any amendment to, clarification of, or change (including any announced prospective change) in the laws or treaties of the United States or any political subdivisions or taxing authorities, or any regulations under such laws or
treaties, (b) any judicial decision or any official administrative pronouncement, ruling, regulatory procedure, notice or announcement (including any notice or announcement of intent to issue or adopt any such administrative pronouncement,
ruling, regulatory procedure or regulation), (c) any amendment to, clarification of, or change in the official position or the interpretation of any administrative action or judicial decision or any interpretation or pronouncement that provides
for a position with respect to an administrative action or judicial decision that differs from the theretofore generally accepted position, in each case by any legislative body, court, governmental authority or regulatory body, irrespective of the
time or manner in which such amendment, clarification or change is introduced or made known, or (d) threatened challenge asserted in writing in connection with an audit of the Company or any of its subsidiaries, or a publicly-known threatened
challenge asserted in writing against any other taxpayer that has raised capital through the issuance of securities that are substantially similar to the Junior Subordinated Notes, which amendment, clarification, or change is effective, or which
administrative action is taken or which judicial decision, interpretation or pronouncement is issued or threatened challenge is asserted or becomes publicly-known, in each case after September 24, 2014, there is more than an insubstantial risk
that interest payable by the Company on the Junior Subordinated Notes is not deductible, or within 90 days would not be deductible, in whole or in part, by the Company for United States Federal income tax purposes. 

“Three-Month LIBOR Rate” means the rate determined in accordance with the following provisions: 

(i) On the LIBOR Interest Determination Date, the Calculation Agent 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 Reuters Page LIBOR01 as of 11:00 a.m., London time, on the LIBOR Interest Determination Date. 

(ii) If no rate appears on Reuters Page LIBOR01 on the LIBOR Interest Determination Date, the Calculation Agent 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 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 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. 

  
 3 

 “Underwriting Agreement” means the Underwriting Agreement, dated as of
September 24, 2014, between the Company and Barclays Capital Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC, as representatives of the underwriters, for the sale of the Junior Subordinated Notes.

 ARTICLE II 
 GENERAL
TERMS AND CONDITIONS OF THE JUNIOR SUBORDINATED NOTES 
 2.1 Designation and Principal Amount. There is hereby established a new
series of Securities to be issued under the Indenture, to be designated as the Company’s “2014 Series A Enhanced Junior Subordinated Notes due 2054” (the “Junior Subordinated Notes”), in the initial aggregate principal
amount of up to $685,000,000, 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 6.1 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 (except, if applicable, the initial Interest Payment Date and initial interest accrual date) as those initially issued and shall be
consolidated with and part of the same series of Junior Subordinated Notes as the Junior Subordinated Notes initially issued under this Seventh Supplemental Indenture. 

2.2 Stated Maturity. The “Stated Maturity” of the Junior Subordinated Notes is October 1, 2054, 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 global 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 at the Corporate Trust Office of the Series 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 in writing at
least five Business Days prior to the Record Date. The Register for the Junior Subordinated Notes shall be kept at the Corporate Trust Office of the Series Trustee, and the Series 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 Series Trustee shall make appropriate endorsements to reflect increases or decreases in principal amounts of such Global
Notes. 

  
 4 

 (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 in definitive form, 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 at a
time when the Depositary is required to be so registered to act as such Depositary, 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, or
(ii) the Company, in its sole discretion and subject to the procedures of the Depositary, instructs the Series Trustee in writing 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 Series Trustee). 
 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 Series Trustee as custodian for the Depositary. 
 Definitive Note Certificates 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 Series
Trustee. Upon execution and authentication, the Series Trustee shall deliver such Definitive Note Certificates to the person in whose names such Definitive Note Certificates 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 Series Trustee shall be entitled to deal with the Depositary 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 Depositary and shall be limited to those established by law and agreements
between such holders and the Depositary and/or the participants in the Depositary. 
 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 Series 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 Note Certificates, 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 Series Trustee to reflect such reduction or
increase. 
 2.5 Interest. 

(a) Each Junior Subordinated Note will bear interest at (i) the rate of 5.75% per annum (the “Fixed Coupon Rate”) until
October 1, 2024 (the “Fixed Rate Period”), and (ii) the Three-Month LIBOR Rate plus 305.7 basis points 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 October 1, 2024 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 April 1 and October 1 of each year during the Fixed Rate Period and quarterly in arrears on
January 1, April 1, July 1 and October 1 of each year during the Floating Rate Period (each, an “Interest Payment Date”), commencing on April 1, 2015 for the Fixed Rate Period and January 1, 2025 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 

  
 5 

 
will be the close of business on the Business Day preceding the applicable 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 close of business on 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 or redemption date of the Junior Subordinated Notes falls on a day that is not a Business Day, the applicable payment 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 or redemption date, 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 applicable payment 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 Series 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. 
 ARTICLE III 

REDEMPTION OF THE JUNIOR SUBORDINATED NOTES 

3.1 Optional Redemption by Company. The Company shall have the option to redeem the Junior Subordinated Notes: 

(a) in whole or in part on one or more occasions before October 1, 2024 if a Rating Agency Event occurs, at a redemption price equal to
102% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, the redemption date; 

(b) in whole, but not in part, at any time before October 1, 2024 upon the occurrence of a Tax Event, at a redemption price equal to 100%
of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, the redemption date; and 

(c) in whole or in part on one or more occasions on or after October 1, 2024 at a redemption price equal to 100% of the outstanding
principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, the redemption date. 
 The
applicable redemption price 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 Series Trustee an amount sufficient to pay the applicable redemption price by 10:00
a.m., New York City time, on the date such redemption price is to be paid. The Company will, in an Officers’ Certificate, notify the Series Trustee of the amount of any applicable redemption price promptly after the calculation thereof, and the
Series Trustee will not be responsible for such calculation. 

  
 6 

 3.2 Notice of Redemption. Subject to Article III of the Base Indenture, notice of any
redemption pursuant to this Article III will be mailed not less than 20 days nor more than 60 days prior to 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. So long as there is no Event of Default with respect to the
Junior Subordinated Notes under the Indenture, the Company, at its option, 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 end on a date other than an Interest
Payment Date and may not extend beyond the Stated Maturity of the Junior Subordinated Notes (October 1, 2054), 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. Such accrued interest shall be payable to the persons in whose names the Junior Subordinated Notes are registered at the close of business on
the Record Date next preceding such Interest Payment Date. 
 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 and is not deferring any interest payments on
the Junior Subordinated Notes at such time, it will not and its Subsidiaries shall not do any of the following: 
  

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

 

	 	(ii)	make any payment of principal of, or interest or premium, if any, on or repay, repurchase or redeem any of the Company’s 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 

  

	 	(iii)	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, the foregoing provisions shall not prevent or restrict the Company from making: 

(a) purchases, redemptions or other acquisitions of its capital stock in connection with any employment contract, benefit plan or other
similar arrangement with or for the benefit of employees, officers, directors, agents or consultants or a stock purchase or dividend reinvestment plan, or the satisfaction of its obligations pursuant to any contract or security outstanding on the
date that the payment of interest is deferred requiring it to purchase, redeem or acquire its capital stock; 
 (b) any payment, repayment,
redemption, purchase, acquisition or declaration of dividend described in clause (i) above as a result of a reclassification of its capital stock, or the exchange or conversion of all or a portion of one class or series of its capital stock for
another class or series of its capital stock; 
 (c) the purchase of fractional interests in shares of its capital stock pursuant to the
conversion or exchange provisions of its capital stock or the security being converted or exchanged, or in connection with the settlement of stock purchase contracts outstanding on the date that the payment of interest is deferred or with any split,
reclassification or similar transaction; 

  
 7 

 (d) dividends or distributions paid or made in its capital stock (or rights to acquire its
capital stock), or repurchases, redemptions or acquisitions of capital stock in connection with the issuance or exchange of capital stock (or of securities convertible into or exchangeable for shares of its capital stock) and distributions in
connection with the settlement of stock purchase contracts outstanding on the date that the payment of interest is deferred; 
 (e)
redemptions, exchanges or repurchases of, or with respect to, any rights outstanding under a shareholder rights plan outstanding on the date that the payment of interest is deferred or the declaration or payment thereunder of a dividend or
distribution of or with respect to rights in the future; 
 (f) payments on the Junior Subordinated Notes, any trust preferred securities,
subordinated debentures, junior subordinated debentures or junior subordinated notes, or any guarantees of any of the foregoing, in each case that rank equal in right of payment to the Junior Subordinated Notes, so long as the amount of payments
made on account of such securities or guarantees is paid on all such securities and guarantees then outstanding on a pro rata basis in proportion to the full payment to which each series of such securities and guarantees is then entitled if paid in
full; 
 (g) any payment of deferred interest or principal on, or repayment, redemption or repurchase of, parity securities that, if not
made, would cause the Company to breach the terms of the instrument governing such parity securities; or 
 (h) make any regularly scheduled
dividend or distribution payments declared prior to the date that the applicable Optional Deferral Period commences. 
 4.2 Notice of
Deferral. The Company shall give the Series Trustee written notice of its election to begin a deferral period at least one Business Day before the Record Date for the next Interest Payment Date, which notice shall contain an instruction for the
Series Trustee to forward such notice to the holders of the Junior Subordinated Notes. However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of a deferral period unless the Company
pays such interest payment within five Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral. 

ARTICLE V 
 FORM OF
JUNIOR SUBORDINATED NOTE 
 5.1 Form of Junior Subordinated Note. The Junior Subordinated Notes and the Series Trustee’s
Certificate of Authentication to be endorsed thereon are to be substantially in the form attached hereto as Exhibit A. 
 ARTICLE VI

 ORIGINAL ISSUE OF JUNIOR SUBORDINATED NOTES 

6.1 Original Issue of Junior Subordinated Notes. Junior Subordinated Notes in the initial aggregate principal amount of up to
$685,000,000 may be executed by an Officer of the Company and delivered to the Series Trustee for authentication by it, and the Series Trustee shall thereupon authenticate and deliver said Junior Subordinated Notes to or upon the written order of
the Company in accordance with the terms of the Base Indenture. For the avoidance of doubt, no corporate seal or attestation shall be required for the Company’s due execution of the Junior Subordinated Notes. 

ARTICLES VII 
 THE SERIES
TRUSTEE 
 7.1 Appointment of Series Trustee. Pursuant to the Base Indenture and pursuant to this Seventh Supplemental Indenture,
the Company hereby appoints the Series Trustee as Trustee under the Base Indenture with respect to the Junior Subordinated Notes, and by execution hereof the Series Trustee accepts such appointment. Pursuant to the Base Indenture, all the rights,
powers, trusts and duties of the Original Trustee under the Base Indenture shall be vested in the Series Trustee with respect to the Junior Subordinated Notes, there shall continue to be vested in the Original Trustee all of its rights, powers,
trusts and duties as Trustee under the Base Indenture with respect to all of the series of Securities as to which it has served and continues to serve as Trustee, and the Original Trustee shall have no rights, powers, trusts and duties with respect
to the Junior Subordinated Notes. 

  
 8 

 7.2 Eligibility of Series Trustee. The Series Trustee hereby represents that it is
qualified and eligible under Section 7.9 of the Base Indenture and the provisions of the Trust Indenture Act to accept its appointment as Trustee with respect to the Junior Subordinated Notes under the Base Indenture and hereby accepts the
appointment as such Trustee. 
 7.3 Security Registrar and Paying Agent. Pursuant to the Base Indenture, the Company hereby appoints
Deutsche Bank Trust Company Americas as registrar and “Paying Agent” with respect to the Junior Subordinated Notes. 
 7.4
Concerning the Trustees. Neither the Original Trustee nor the Series Trustee assumes any duties, responsibilities or liabilities by reason of this Seventh Supplemental Indenture other than as set forth in the Base Indenture or (with respect to
the Series Trustee) as expressly set forth herein and, in carrying out its responsibilities hereunder, each shall have all of the rights, powers, privileges, protections, duties and immunities which it possesses under the Base Indenture. The
Original Trustee and the Series Trustee shall not constitute co-trustees of the same trust, and each of the Original Trustee and the Series Trustee shall be trustee of a trust or trusts under the Base Indenture separate and apart from any trust or
trusts under the Base Indenture administered by the other trustee. The Original Trustee shall have no liability for any acts or omissions of the Series Trustee and the Series Trustee shall have no liability for any acts or omissions of the Original
Trustee. 
 References in this Seventh Supplemental Indenture to sections of the Base Indenture that require or permit actions by the
Original Trustee with respect to Securities of the series established hereby shall be deemed to require or permit actions only by the Series Trustee and the Original Trustee shall have no responsibility therefor. 

7.5 Patriot Act Requirements of Series Trustee. The parties hereto acknowledge that in order to help the United States government fight
the funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update
information that identifies each person establishing a relationship or opening an account. The parties to this Seventh Supplemental Indenture agree that they will provide to the Series Trustee such information as it may request, from time to time,
in order for the Series Trustee to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow it to identify the individual or entity who is
establishing the relationship or opening the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be provided. 

7.6 Notice upon Series Trustee. Any notice, direction, request, demand, consent or waiver by the Company or any holder to or upon the
Series Trustee, registrar or Paying Agent for the Junior Subordinated Notes shall be deemed to have been sufficiently given, made or filed, for all purposes, if given, made or filed in writing at the Corporate Trust Office of the Series Trustee.

 ARTICLE VIII 

MISCELLANEOUS 
 8.1
Ratification of Indenture; Seventh Supplemental Indenture Controls. The Base Indenture, as supplemented and (solely for purposes of the Junior Subordinated Notes) amended by this Seventh Supplemental Indenture, is in all respects ratified and
confirmed, and this Seventh 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 Seventh Supplemental Indenture shall supersede the provisions of the
Base Indenture to the extent the Base Indenture is inconsistent herewith. 
 8.2 Recitals. The recitals herein contained are made by
the Company only and not by the Original Trustee or the Series Trustee, and neither the Original Trustee nor the Series Trustee assumes any responsibility for the correctness thereof. Neither the Original Trustee nor the Series Trustee makes any
representation as to the validity or 

  
 9 

 
sufficiency of this Seventh Supplemental Indenture or the terms or provisions hereof. All of the provisions contained in the Base Indenture in respect of the rights, powers, privileges,
protections, duties and immunities of the Original Trustee, including, without limitation, its right to be indemnified, shall be applicable, but only to the Series Trustee in respect of the Junior Subordinated Notes and of this Seventh Supplemental
Indenture (to the extent relating to the Junior Subordinated Notes) as fully and with like effect as if set forth herein in full. The Series Trustee shall not be responsible for the due execution hereof by the Company or the consequences of any
amendment herein provided for, and the Series Trustee makes no representation as to such matters. 
 8.3 Governing Law. This Seventh
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 Seventh 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 Seventh Supplemental Indenture or of the Junior Subordinated Notes, but this Seventh 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 Seventh 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. The exchange of copies of this Seventh Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute
effective execution and delivery of this Seventh Supplemental Indenture as to the parties hereto and may be used in lieu of the original Seventh Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or
PDF shall be deemed to be their original signatures for all purposes. 
 [Signature Page Follows] 

  
 10 

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

			
	DOMINION RESOURCES, INC.
		
	By:	 	 /s/ G. Scott Hetzer

	Name:	 	G. Scott Hetzer
	Title:	 	Senior Vice President and Treasurer

  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Series Trustee

		
	By:	 	 /s/ Carol Ng

		 	Name: Carol Ng
		 	Title: Vice President
		
	By:	 	 /s/ Randy Kahn

		 	Name: Randy Kahn
		 	Title Vice President

 EXHIBIT A 

FORM OF 
 2014 SERIES A
ENHANCED JUNIOR SUBORDINATED NOTE 
 DUE 2054 

[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 MINIMUM DENOMINATIONS OF $1,000 AND INTEGRAL MULTIPLES OF $1,000 IN
EXCESS THEREOF. 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. 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]* $[        ] 

2014 SERIES A ENHANCED JUNIOR SUBORDINATED NOTE DUE 2054 

Dated: [        ] [    ], 20[    ] 

 

			
	NUMBER R-[        ]	  	CUSIP NO: 25746UBY4

 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 of Increases or Decreases annexed hereto]* on October 1, 2054 (the “Stated Maturity”). 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 5.75% per annum semi-annually in arrears on April 1 and October 1
until October 1, 2024 and at the rate per annum equal to the Three-Month LIBOR Rate plus 305.7 basis points (determined in the manner set forth in the Seventh Supplemental Indenture hereinafter referred to), reset quarterly on the LIBOR Rate
Reset Dates, quarterly in arrears on January 1, April 1, July 1 and October 1 (each an “Interest Payment Date”), commencing April 1, 2015 in the first instance and January 1, 2025 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 October 3, 2014,
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
October 3, 2014), until the principal hereof is paid or duly provided for, plus (b) Additional Interest, as defined in the Seventh Supplemental 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 close of business on 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 close of business on the fifteenth calendar day preceding such Interest Payment Date whether or
not a Business Day. 
 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 plus 305.7 basis points, 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. 
 If an Interest Payment Date or redemption date falls on a day that is not a Business Day while this Note bears
interest at a Fixed Rate, the applicable payment 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 or redemption date, as applicable. If an Interest
Payment Date, other than a redemption date or the Statue Maturity, falls on a day that is not a Business Day while this Note bears interest at the Three-Month Libor Rate plus 305.7 basis points, 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. If a redemption date or the Stated Maturity falls on a day that is
not a Business Day while this Note bears interest at the Three-Month Libor Rate plus 305.7 basis points, the applicable payment 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. 
  

	*	Insert in Global Notes. 

	**	Insert in Notes other than Global Notes. 

 At the Company’s option, so long as there is no Event of Default with respect to the Junior
Subordinated Notes under the Indenture, 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 and is not deferring any interest payments on
the Junior Subordinated Notes at such time, it will not and its Subsidiaries shall not do any of the following: 
  

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

 

	 	(ii)	make any payment of principal of, or interest or premium, if any, on or repay, repurchase or redeem any of the Company’s 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 

  

	 	(iii)	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, the foregoing provisions shall not prevent or restrict the Company from making: 

(a) purchases, redemptions or other acquisitions of its capital stock in connection with any employment contract, benefit plan or other
similar arrangement with or for the benefit of employees, officers, directors, agents or consultants or a stock purchase or dividend reinvestment plan, or the satisfaction of its obligations pursuant to any contract or security outstanding on the
date that the payment of interest is deferred requiring it to purchase, redeem or acquire its capital stock; 
 (b) any payment, repayment,
redemption, purchase, acquisition or declaration of dividend described in clause (i) above as a result of a reclassification of its capital stock, or the exchange or conversion of all or a portion of one class or series of its capital stock for
another class or series of its capital stock; 
 (c) the purchase of fractional interests in shares of its capital stock pursuant to the
conversion or exchange provisions of its capital stock or the security being converted or exchanged, or in connection with the settlement of stock purchase contracts outstanding on the date that the payment of interest is deferred or with any split,
reclassification or similar transaction; 
 (d) dividends or distributions paid or made in its capital stock (or rights to acquire its
capital stock), or repurchases, redemptions or acquisitions of capital stock in connection with the issuance or exchange of capital stock (or of securities convertible into or exchangeable for shares of its capital stock) and distributions in
connection with the settlement of stock purchase contracts outstanding on the date that the payment of interest is deferred; 
 (e)
redemptions, exchanges or repurchases of, or with respect to, any rights outstanding under a shareholder rights plan outstanding on the date that the payment of interest is deferred or the declaration or payment thereunder of a dividend or
distribution of or with respect to rights in the future; 

 (f) payments on the Junior Subordinated Notes, any trust preferred securities, subordinated
debentures, junior subordinated debentures or junior subordinated notes, or any guarantees of any of the foregoing, in each case that rank equal in right of payment to the Junior Subordinated Notes, so long as the amount of payments made on account
of such securities or guarantees is paid on all such securities and guarantees then outstanding on a pro rata basis in proportion to the full payment to which each series of such securities and guarantees is then entitled if paid in full; 

(g) any payment of deferred interest or principal on, or repayment, redemption or repurchase of, parity securities that, if not made, would
cause the Company to breach the terms of the instrument governing such parity securities; or 
 (h) make any regularly scheduled dividend
or distribution payments declared prior to the date that the applicable Optional Deferral Period commences. 
 The Company shall give the
Series Trustee written notice of its election to begin a deferral period at least one Business Day before the Record Date for the next Interest Payment Date, which notice shall contain an instruction for the Series Trustee to forward such notice to
the holders of the Junior Subordinated Notes. However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of a deferral period unless the Company pays such interest payment within five
Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral. 
 This Note may be presented for
payment of principal and interest at the principal corporate trust office of the Paying Agent; 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 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. 

The Notes of this series shall have an initial aggregate principal amount of up to Six Hundred Eighty-Five Million Dollars ($685,000,000).

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

 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. 

 

							
	Dated:	 		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Series Trustee
				
		 		 	By:	 	  

		 		 		 	Authorized Signatory
				
		 		 	By:	 	  

		 		 		 	Authorized Signatory

 REVERSE OF NOTE 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series pursuant to the Junior Subordinated Indenture II, dated as of June 1, 2006, as heretofore supplemented and amended, between the Company and The Bank of New York Mellon (successor to JPMorgan Chase Bank, N.A.)
(herein called the “Original Trustee”), as supplemented and amended by the Third Supplemental and Amending Indenture dated as of June 1, 2009 (as so amended, the “Base Indenture”), by and among the Company, the Original
Trustee and Deutsche Bank Trust Company Americas, as Series Trustee, as further supplemented and amended by a Seventh Supplemental Indenture dated as of September 1, 2014 by and between the Company and Deutsche Bank Trust Company Americas, as
Trustee of the series of Securities established thereby (herein called the “Series Trustee,” which term includes any successor series trustee for the Junior Subordinated Notes under the Indenture) (the “Seventh Supplemental
Indenture” and together with the Base Indenture, as it may be hereafter supplemented or amended from time to time, the “Indenture”). Reference is hereby made to the Indenture for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Company, the Original Trustee, the Series Trustee and the Holders (the word “Holder” or “Holders” meaning the registered holder or registered holders) of the Notes. This Security is
one of the series designated on the face hereof (the “Junior Subordinated Notes”) which is unlimited in aggregate principal amount. 

Capitalized terms used herein but not defined herein shall have the respective meanings assigned thereto in the Indenture. 

As provided in and subject to the provisions in the Indenture, the Company shall have the option to redeem the Junior Subordinated Notes: 

(a) in whole or in part on one or more occasions before October 1, 2024 if a Rating Agency Event occurs, at a redemption price equal to
102% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, the redemption date; 

(b) in whole, but not in part, at any time before October 1, 2024 upon the occurrence of a Tax Event, at a redemption price equal to 100%
of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, the redemption date; and 

(c) in whole or in part on one or more occasions on or after October 1, 2024 at a redemption price equal to 100% of the outstanding
principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, 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 Junior
Subordinated Notes 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 Junior Subordinated Notes 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 Junior Subordinated 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 Junior Subordinated Notes 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 Junior Subordinated 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. 
 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, 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. 
 By acceptance of this Note or a
beneficial interest in this Note, each Holder hereof and any Person acquiring a beneficial interest herein, for United States federal, state and local tax purposes, agrees to treat this Note as indebtedness and to take other positions for such tax
purposes as set forth in the Seventh Supplemental Indenture. 
 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. 

 ASSIGNMENT 

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. 

 SCHEDULE OF INCREASES OR DECREASES 

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
 Series

TrusteeEX-10.1

 Exhibit 10.1 

SIXTH AMENDMENT TO CREDIT AGREEMENT 

This SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of September 30, 2014, by and among JOHN
B. SANFILIPPO & SON, INC., a Delaware corporation (“Borrower”), the lenders identified on the signature pages hereof (such lenders, together with their respective successors and permitted assigns, are referred to
hereinafter each individually as a “Lender” and collectively as the “Lenders”), and WELLS FARGO CAPITAL FINANCE, LLC (f/k/a Wells Fargo Foothill, LLC), a Delaware limited liability company, as administrative agent
(in such capacity “Agent”) and as a Lender. Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them by the Credit Agreement (defined below). 

RECITALS 
 WHEREAS,
Borrower, Agent, and Lenders have entered into that certain Credit Agreement, dated as of February 7, 2008 (as amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”); and 

WHEREAS, on the terms and subject to the conditions set forth herein, the Borrower, Agent and Lenders have agreed to amend the Credit
Agreement as more fully described below; 
 NOW THEREFORE, in consideration of the foregoing, mutual agreements contained herein and for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower, Agent and Lenders hereby agree as follows: 

SECTION 1. Amendment. Subject to the satisfaction of the conditions set forth in Section 2 below and in reliance on
the representations and warranties set forth in Section 4 below, the Credit Agreement is hereby amended as follows: 
 (a) The
penultimate sentence of Section 2.4(c) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

Immediately after giving effect to any such prepayment, Agent shall recalculate the Borrowing Base to reflect that such sale or disposition has
occurred. 
 (b) Section 2.8 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

 

	 	2.8.	Crediting Payments. 

 The receipt of any payment item by Agent
(whether from transfers to Agent by the Cash Management Banks pursuant to the Cash Management Agreements or otherwise) shall not be considered a payment on account unless 

 
such payment item is a wire transfer of immediately available federal funds made to the Agent’s Account or unless and until such payment item is honored when presented for payment. Should
any payment item not be honored when presented for payment, then Borrower shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall
be deemed received by Agent only if it is received into the Agent’s Account on a Business Day on or before 2:00 p.m. (Georgia time). If any payment item is received into the Agent’s Account on a non-Business Day or after 2:00 p.m. (Georgia
time) on a Business Day, it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day. 

(c) Reference to the date “July 15, 2016” set forth in Section 3.3 of the Credit Agreement is hereby deleted and
the date “July 15, 2019” is inserted in lieu thereof. 
 (d) The second sentence of Section 4.4 of the Credit
Agreement is hereby deleted in its entirety. 
 (e) Section 5.9 of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
  

	 	5.9.	Location of Inventory. 

 Keep Borrower’s and its Domestic
Subsidiaries’ Inventory only at the locations identified on Schedule E-1 and their chief executive offices only at the locations identified on Schedule 4.7(b); provided, however, that Borrower may amend Schedule E-1 or Schedule 4.7(b) so long as such amendment occurs by written notice to Agent not less than 10 Business Days prior to the date on which such Inventory is moved to such new location or
such chief executive office is relocated, so long as such new location is in the continental United States. 
 (f) Section 6.10
of the Credit Agreement is hereby amended and restated in its entirety as follows: 
  

	 	6.10.	Distributions. 

 Make any distribution or declare or pay any
dividends (in cash or other property, other than common Stock) on, or purchase, acquire, redeem, or retire any of Borrower’s Stock, of any class, whether now or hereafter outstanding; provided, that, Borrower may make up to two dividends and
distributions on its Stock, or purchase, acquire, redeem or retire its Stock in any fiscal year so long as (x) the aggregate amount of such dividends, distributions, purchases, acquisitions, redemptions and retirements made in any fiscal year
do not exceed $25,000,000 in the aggregate and (y) immediately before and after giving effect to the making of any such dividend, distribution, purchase, acquisition, redemption or retirement, (i) no Default or Event of Default shall have
occurred and be continuing and (ii) Excess Availability shall exceed $30,000,000. 

  
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 (g) Section 6.15 of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
  

	 	6.15.	[Reserved]. 

 (h) Section 6.16(a) of the Credit Agreement is hereby
amended and restated in its entirety as follows: 
 (a) Fixed Charge Coverage Ratio. Have, on any date on which Average
Excess Availability is less than $25,000,000, a Fixed Charge Coverage Ratio, measured on a trailing 12-month-end basis on the last day of each fiscal month of the Borrower, less than the required amount set forth in the following table for the
applicable period set forth opposite thereto: 
  

			
	 Applicable Ratio
	  	 Applicable Period

	 1.0:1.0
	  	For the trailing 12 months ending on the last day of the then most-recently ended fiscal month of the Borrower and the last day of each fiscal month thereafter until such time as Average Excess Availability is equal to or greater
than $25,000,000 for three consecutive fiscal months

 (i) Section 6.16(b) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 (b) [Reserved]. 

(j) Schedule 1.1 to the Credit Agreement is hereby amended by amending and restating the following defined terms to read in their
entirety as follows: 
 ‘Base Rate Margin’ means, as of any date of determination, the following percentages
per annum, based upon Average Margin Availability: 
  

					
	 Level
	  	 Average Margin Availability
	  	 Base Rate Margin

	I	  	<$20,000,000	  	1.00%
	II	  	>$20,000,000 but < $30,000,000	  	0.75%
	III	  	>$30,000,000	  	0.50%

  
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 After the Sixth Amendment Effective Date, the Base Rate Margin shall be adjusted
in accordance with the foregoing on the first day of each calendar month. 
 ‘Collateral’ means all assets
and interests in assets and proceeds thereof now owned or hereafter acquired by Borrower or its Subsidiaries in or upon which a Lien is granted under any of the Loan Documents; provided, that, Collateral shall not include Equipment. 

‘L/C Margin’ means, as of any date of determination, the following percentages per annum, based upon
Average Margin Availability: 
  

					
	 Level
	  	 Average Margin Availability
	  	 L/C Margin

	I	  	<$20,000,000	  	2.00%
	II	  	>$20,000,000 but < $30,000,000	  	1.75%
	III	  	>$30,000,000	  	1.50%

 After the Sixth Amendment Effective Date, the L/C Margin shall be adjusted in accordance with
the foregoing on the first day of each calendar month. 
 ‘LIBOR Rate Margin’ means, as of any date of
determination, the following percentages per annum, based upon Average Margin Availability: 
  

					
	 Level
	  	 Average Margin Availability
	  	 LIBOR Rate Margin

	I	  	<$20,000,000	  	2.00%
	II	  	>$20,000,000 but < $30,000,000	  	1.75%
	III	  	>$30,000,000	  	1.50%

 After the Sixth Amendment Effective Date, the LIBOR Rate Margin shall be adjusted in accordance
with the foregoing on the first day of each calendar month. 
 (k) Clause (i) of the defined term “Borrowing Base” set forth
in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows: 
 (i)
[Reserved], minus 

  
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 (l) Schedule 1.1 to the Credit Agreement is hereby amended by deleting the defined term
“Eligible Equipment” in its entirety. 
 (m) Clause (e) of the defined term “Permitted Acquisition” set forth in
Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows: 
 (e) Borrower shall
have Availability plus Qualified Cash in an amount equal to or greater than $20,000,000 after giving effect to the consummation of the proposed Acquisition; provided, that, for purposes of this clause (e), the calculation of Availability
shall include Accounts and Inventory acquired by the Borrower pursuant to such Acquisition only to the extent that such Accounts and Inventory constitute Eligible Accounts and Eligible Inventory, respectively, 

(n) Reference to the figure “$50,000,000” set forth in clause (j) of the defined term “Permitted Acquisition” set
forth in Schedule 1.1 to the Credit Agreement is hereby deleted and reference to the figure “$100,000,000” is inserted in lieu thereof. 

(o) Schedule 1.1 to the Credit Agreement is hereby amended by inserting the following defined terms in alphabetical order: 

‘Sixth Amendment’ means the certain Sixth Amendment to Credit Agreement, dated as of September 30, 2014,
by and among the Borrower, the Agent and each Lender party thereto. 
 Sixth Amendment Effective Date’ means
September 30, 2014. 
 (p) Clause (m) of Schedule 5.3 to the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 (m) [Reserved]. 

(q) Each of the schedules attached hereto hereby amend and restate the corresponding schedule to the Credit Agreement in its entirety. 

SECTION 2. Conditions Precedent. This Amendment shall become effective when (i) the Agent shall have received duly executed
counterparts of this Amendment from the Borrower and the Lenders and the Agent shall have executed and delivered its counterpart to this Amendment and Agent shall have received each of the additional documents, instruments and agreements listed on
the Closing Checklist attached hereto as Exhibit A, each in form and substance reasonably acceptable to Agent, (ii) the Agent shall have received from Borrower duly executed counterparts to the amended and restated Fee Letter
executed and executed and delivered its signed counterpart to the Borrower, and (iii) the Agent shall have received in immediately available funds all fees owing under the amended and restated Fee Letter. 

  
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 SECTION 3. Reference to and Effect Upon the Credit Agreement. 

(a) Except as specifically set forth herein, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are
hereby ratified and confirmed; and 
 (b) The amendment set forth herein is effective solely for the purpose set forth herein and shall be
limited precisely as written, and shall not be deemed to (i) be a consent to any amendment, waiver of or modification of any other term or condition of the Credit Agreement or any other Loan Document, (ii) operate as a waiver of or
otherwise prejudice any right, power or remedy that Agent or Lenders may now have or may have in the future under or in connection with the Credit Agreement or any other Loan Document or (iii) constitute an amendment or waiver of any provision
of the Credit Agreement or any Loan Document, except as specifically set forth herein. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “herein”, “hereof’ and words
of like import and each reference in the Credit Agreement and the Loan Documents to the Credit Agreement shall mean the Credit Agreement as amended hereby. This Amendment shall be construed in connection with and as part of the Credit Agreement.

 SECTION 4. Representations and Warranties. In order to induce Agent and Lenders to enter into this Amendment, Borrower
hereby represents and warrants to Agent and Lenders, after giving effect to this Amendment: 
 (a) All representations and warranties of
Borrower and its Subsidiaries contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date of this Amendment, in each case as if made on and as of such date, other than
representations and warranties that expressly relate solely to an earlier date (in which case such representations and warranties were true and correct on and as of such earlier date); 

(b) No Default or Event of Default has occurred and is continuing; and 

(c) This Amendment and the Credit Agreement, as amended hereby, constitute legal, valid and binding obligations of Borrower and are
enforceable against Borrower in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’
rights generally. 
 SECTION 5. Costs and Expenses. As provided in Section 17.10 of the Credit Agreement, Borrower
shall pay all costs and expenses incurred by or on behalf of Agent and Lenders arising from or relating to this Amendment constituting Lender Group Expenses. 

SECTION 6. GOVERNING LAW. THE VALIDITY OF THIS AMENDMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE
RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS. 

  
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 SECTION 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute part of this Amendment for any other purposes. 
 SECTION 8.
Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original, but all such counterparts shall constitute one and the same instrument. 

(signature pages follow) 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	JOHN B. SANFILIPPO & SON, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Michael J. Valentine

	Title:	 	 Chief Financial Officer

 Signature Page to Sixth Amendment to Credit Agreement 

 
			
	WELLS FARGO CAPITAL FINANCE, LLC
	(f/k/a Wells Fargo Foothill, LLC), a Delaware limited liability company, as Agent and as a Lender
		
	By:	 	 /s/ Matt Mouledous

	Title:	 	 Vice President

	
	SOUTHWEST GEORGIA FARM CREDIT,
	ACA for itself and as agent/nominee for Southwest
	Georgia Farm Credit, FLCA as a Lender
		
	By:	 	 /s/ Paxton Poitevint

	Title:	 	 Vice President

 Signature Page to Sixth Amendment to Credit Agreement

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