Name of Issuer] [Name of Security]
Exhibit
1(a)
[Name
of
Issuer]
[Name
of
Security]
[Date]
To
the
Representatives named in Schedule I
hereto
of
the Underwriters
named
in
Schedule II hereto
Ladies
and Gentlemen:
1. Introductory.
[1FPL
Group
Capital Inc, a Florida corporation (“FPL Group Capital”) and a wholly-owned
subsidiary of FPL Group, Inc., a Florida corporation (“FPL Group”), proposes to
issue and sell its debt securities of the series designation[s], with the terms
and in the principal amount[s] specified in Schedule I hereto (the
“Debentures”). The Debentures will be absolutely, irrevocably and
unconditionally guaranteed by FPL Group pursuant to and in accordance with
the
terms of the Guarantee Agreement (as hereinafter defined).] [2FPL
Group, Inc., a Florida corporation (“FPL Group”), proposes to issue and sell its
debt securities of the series designation[s], with the terms and in the
principal amount[s] specified in Schedule I hereto (the “Debentures”).]
[1Each
of]
FPL Group [1and
FPL
Group Capital] hereby confirms its agreement with the several Underwriters
(as
defined below) as set forth herein.
The
term
“Underwriters” as used herein shall be deemed to mean the entity or several
entities named in Schedule II hereto and any underwriter substituted as provided
in Section 6 hereof, and the term “Underwriter” shall be deemed to mean one
of such Underwriters. If the entity or entities listed in Schedule I hereto
(the
“Representatives”) are the same as the entity or entities listed in Schedule II
hereto, then the terms “Underwriters” and “Representatives,” as used herein,
shall each be deemed to refer to such entity or entities. The Representatives
represent that they have been authorized by each Underwriter to enter into
this
agreement on behalf of such Underwriter and to act for it in the manner herein
provided. All obligations of the Underwriters hereunder are several and not
joint. If more than one entity is named in Schedule I hereto, any action under
or in respect of this agreement may be taken by such entities jointly
as
1
|
For
use in connection with Debt Securities of FPL Group
Capital
|
2
|
For
use in connection with Debt Securities of FPL Group
|
the
Representatives or by one of the entities acting on behalf of the
Representatives and such action will be binding upon all the
Underwriters.
2. Description
of Securities. [1The
Debentures [of each series] will be a series of debentures issued by FPL Group
Capital under an Indenture, dated as of [June 1, 1999] [__________], to The
Bank of New York, as Trustee, a copy of which has been heretofore delivered
to
the Representatives (together with any amendments or supplements thereto, the
“Indenture”). The Debentures will be absolutely, irrevocably and unconditionally
guaranteed by FPL Group [pursuant to, and in accordance with, the terms of
a
Guarantee Agreement, dated as of June 1, 1999, between FPL Group, as
Guarantor, and The Bank of New York, as Guarantee Trustee, a copy of which
has
been heretofore delivered to the Representatives (the “Guarantee Agreement”)]
[on a subordinated basis by FPL Group, as set forth in the Indenture]. The
term
“Guarantee” as used in this agreement shall refer to the guarantee [pursuant to
the Guarantee Agreement relating to the Debentures] [of FPL Group pursuant
to
the Indenture].] [2The
Debentures [of each series] will be a series of debentures issued by FPL Group
under an Indenture, dated as of __________, to The Bank of New York, as Trustee,
a copy of which has been heretofore delivered to the Representatives (together
with any amendments or supplements thereto, the “Indenture”).]
3. [1Representations
and Warranties of FPL Group Capital. FPL Group Capital represents and
warrants to the several Underwriters that:
(a) FPL
Group
Capital has filed with the Securities and Exchange Commission (the “Commission”)
a joint registration statement with FPL Group, FPL Group Capital Trust II,
FPL Group Capital Trust III (together with FPL Group Capital Trust II, “FPL
Group Capital Trust”), FPL Group Trust I, FPL Group Trust II (together
with FPL Group Trust I, “FPL Group Trust”), Florida Power & Light Company,
Florida Power & Light Company Trust I and Florida Power &
Light Company Trust II (together with Florida Power & Light Company
Trust I, “Florida Power & Light Company Trust”, and together with FPL Group
Capital Trust II, FPL Group Capital Trust III, FPL Group Trust I and FPL Group
Trust II, collectively the “Trusts”) on Form S-3, including a prospectus
(Registration Statement Nos. 333-______, 333-______-01, 333-_______-02,
333-_______-03, 333-_______-04, 333-_______-05, 333-_______-06, 333-_______-07
and 333-_______-08) (“Registration Statement No. 333-______”), for the
registration under the Securities Act of 1933, as amended (the “Securities
Act”), of (a) an unspecified aggregate amount of (i) debt securities
of FPL Group Capital (“FPL Group Capital Senior Debt Securities”), (ii) junior
subordinated debt securities of FPL Group Capital (“FPL Group Capital Junior
Subordinated Debentures”), (iii) junior subordinated debt securities of FPL
Group (“FPL Group Junior Subordinated Debentures”), (iv) debt securities of FPL
Group (“FPL Group Senior Debt Securities”), (v) preferred trust securities
of FPL Group Capital Trust II and FPL Group Capital Trust III (“FPL
Group Capital Trust Preferred Trust Securities”) and (vi) preferred trust
securities of FPL Group Trust I and FPL Group Trust II (“FPL Group
Trust Preferred Trust Securities”), (b) FPL Group’s guarantees related to FPL
Group Capital Senior Debt Securities, FPL Group Capital Junior Subordinated
Debentures, FPL Group Capital Trust Preferred Trust Securities and FPL Group
Trust Preferred Trust Securities, (c) an unspecified aggregate amount of
(i) Florida Power & Light Company’s first mortgage bonds (“Bonds”),
(ii) Florida Power
2
&
Light Company’s junior subordinated debentures (“Florida Power & Light
Company Junior Subordinated Debentures”), and (iii) preferred trust
securities of Florida Power & Light Company Trust I and Florida Power
& Light Company Trust II (“Florida Power & Light Company Trust
Preferred Trust Securities”), and (d) Florida Power & Light Company’s
guarantee of the Florida Power & Light Company Trust Preferred Trust
Securities (the “Florida Power & Light Company Trust Guarantee”). Such
registration statement has become effective and no stop order suspending such
effectiveness has been issued under the Securities Act and no proceedings for
that purpose have been instituted or are pending or, to the knowledge of FPL
Group Capital, threatened by the Commission. References herein to the term
“Registration Statement” as of any given time shall mean Registration Statement
No. 333-______, as amended or supplemented to such time, including all
documents incorporated by reference therein as of such time pursuant to Item
12
of Form S-3 (“Incorporated Documents”) and any prospectus, preliminary
prospectus supplement or prospectus supplement relating to the Debentures deemed
to be a part thereof pursuant to Rule 430B that has not been superseded or
modified. References herein to the term “Registration Statement” without
reference to a time means the Registration Statement as of ____ [A.M./P.M.],
New
York City time, on [__________] [the date of this agreement] (which date and
time is the earlier of the date and time of (x) the first use of the
preliminary prospectus supplement relating to the Debentures and (y) the
first contract of sale of the Debentures), which time shall be considered the
“Effective Date” of the Registration Statement. For purposes of the definitions
of “Registration Statement” in the preceding two sentences, information
contained in any prospectus, preliminary prospectus supplement or prospectus
supplement that is deemed retroactively to be a part of the Registration
Statement pursuant to Rule 430B shall be considered to be included in the
Registration Statement as of the time specified in Rule 430B. References herein
to the term “Pricing Prospectus” shall mean the prospectus relating to FPL
Group, FPL Group Capital, FPL Group Trust and FPL Group Capital Trust forming
a
part of Registration Statement No. 333-______ (the “Base Prospectus”), including
all Incorporated Documents and any prospectus or prospectus supplement relating
to the Debentures deemed to be a part of such registration statement that has
not been superseded or modified. For purposes of the definition of “Pricing
Prospectus” with respect to a particular offering of Debentures, information
contained in a prospectus or prospectus supplement (other than a prospectus
or
prospectus supplement that relates only to securities issued by Florida Power
& Light Company or Florida Power & Light Company Trust) that is deemed
retroactively to be a part of the Registration Statement pursuant to Rule 430B
shall be considered to be included in the Pricing Prospectus as of the time
that
form of prospectus or prospectus supplement is filed with the Commission
pursuant to Rule 424 of the general rules and regulations of the Securities
Act
(“Rule 424”). References herein to the term “Prospectus” means the Pricing
Prospectus that discloses the public offering price and other final terms of
the
Debentures and otherwise satisfies Section 10(a) of the Securities Act. The
prospectus supplement relating to the Debentures proposed to be filed pursuant
to Rule 424 shall be substantially in the form delivered to the Representatives
prior to the execution of this agreement. Each of the Underwriters acknowledges
that on or subsequent to the Closing Date, FPL Group Capital may file a
post-effective amendment to the Registration Statement pursuant to Rule 462(d)
under the Securities Act or FPL
3
Group
may
file a Current Report on Form 8-K in order to file one or more unqualified
opinions of counsel.
(b) The
Registration Statement constitutes an “automatic shelf registration statement”
(as defined in Rule 405 under the Securities Act) filed within three years
of
the date hereof; no notice of objection of the Commission with respect to the
use of the Registration Statement pursuant to Rule 401(g)(2) under the
Securities Act has been received by FPL Group Capital; and with respect to
the
Debentures FPL Group Capital is a “well-known seasoned issuer” within the
meaning of subparagraph (1)(ii) of the definition of “well-known seasoned
issuer” in Rule 405 under the Securities Act.
(c) The
Registration Statement at the Effective Date fully complied, and the Prospectus,
both at the date and time it is filed with the Commission pursuant to Rule
424
(such date and time, the “424 Date”) and at the Closing Date, and the
Registration Statement and the Indenture at the Closing Date, will fully comply,
in all material respects with the applicable provisions of the Securities Act
and the Trust Indenture Act of 1939, as amended (the “1939 Act”), respectively,
and, in each case, the applicable instructions, rules and regulations of the
Commission thereunder; the Registration Statement, at the Effective Date, did
not, and at the Closing Date the Registration Statement will not, contain an
untrue statement of a material fact, or omit to state a material fact required
to be stated therein or necessary to make the statements therein not misleading;
the Prospectus, both at the 424 Date and at the Closing Date, will not include
an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements contained therein, in the light of
the
circumstances under which they were made, not misleading; provided, that the
foregoing representations and warranties in this subsection (c) shall not
apply to statements or omissions made in reliance upon and in conformity with
information furnished in writing to FPL Group or FPL Group Capital by or on
behalf of any Underwriter through the Representatives expressly for use in
connection with the preparation of the Registration Statement or the Prospectus,
or to any statements in or omissions from the Statements of Eligibility on
Form
T-1, or amendments thereto, filed as exhibits to the Registration Statement
(collectively, the “Statements of Eligibility”) or to any statements or
omissions made in the Registration Statement or the Prospectus relating to
The
Depository Trust Company (“DTC”) Book-Entry-Only System that are based solely on
information contained in published reports of DTC.
(d) As
of the
Applicable Time (as defined below), the Pricing Disclosure Package (as defined
below) did not contain an untrue statement of a material fact or omit to state
a
material fact necessary in order to make the statements contained therein,
in
the light of the circumstances under which they were made, not misleading;
provided, that the foregoing representations and warranties in this
subsection (d) shall not apply to statements or omissions made in reliance
upon and in conformity with information furnished in writing to FPL Group or
FPL
Group Capital by or on behalf of any Underwriter through the Representatives
expressly for use in connection with the preparation of the Registration
Statement, the Pricing Prospectus, any preliminary prospectus supplement or
any
Issuer Free Writing Prospectus (as defined below), or to any statements in
or
omissions from the Statements of Eligibility or to any statements
or
4
omissions
made in the Registration Statement, the Pricing Prospectus, any preliminary
prospectus supplement or any Issuer Free Writing Prospectus relating to the
DTC
Book-Entry-Only System that are based solely on information contained in
published reports of DTC. References to the term “Pricing Disclosure Package”
shall mean the documents listed in Schedule III, taken together as a whole.
References to the term “Issuer Free Writing Prospectus” shall mean an issuer
free writing prospectus, as defined in Rule 433 under the Securities Act.
References to the term “Free Writing Prospectus” shall mean a free writing
prospectus, as defined in Rule 405 under the Securities Act. References to
the
term “Applicable Time” means ____ [A.M./P.M.] on the date hereof. If there
occurs an event or development as a result of which the Pricing Disclosure
Package would include an untrue statement of a material fact or would omit
to
state a material fact necessary in order to make the statements therein, in
the
light of the circumstances then prevailing, not misleading, FPL Group Capital
promptly will notify the Representatives so that any use of the Pricing
Disclosure Package may cease until it is amended or supplemented.
(e) As
of the
Applicable Time, no Issuer Free Writing Prospectus includes any information
that
conflicts with the information contained in the Registration Statement, the
Prospectus or the Pricing Prospectus, including any document incorporated by
reference therein that has not been superseded or modified.
(f) The
execution and delivery of this agreement and the consummation of the
transactions herein contemplated by FPL Group Capital, and the fulfillment
of
the terms hereof on the part of FPL Group Capital to be fulfilled have been
duly
authorized by all necessary corporate action of FPL Group Capital in accordance
with the provisions of its Articles of Incorporation, as amended (the “FPL Group
Capital Charter”), by-laws and applicable law, and the Debentures when issued
and delivered by FPL Group Capital as provided herein will constitute valid
and
binding obligations of FPL Group Capital enforceable against FPL Group Capital
in accordance with their terms, except as limited or affected by bankruptcy,
insolvency, reorganization, receivership, moratorium or other laws affecting
creditors’ rights and remedies generally and general principles of equity. The
execution and delivery by FPL Group Capital of the Debentures [and the
Indenture] and the performance by FPL Group Capital of its obligations
thereunder do not require any consent, approval, authorization, registration
or
qualification of or by any governmental agency or body other than those
consents, approvals, authorizations, registrations or qualifications as have
already been obtained.
(g) The
execution and delivery of this agreement and the consummation of the
transactions herein contemplated by FPL Group Capital, the fulfillment of the
terms hereof on the part of FPL Group Capital to be fulfilled, and the
compliance by FPL Group Capital with all the terms and provisions of the
Indenture will not result in a breach of any of the terms or provisions of,
or
constitute a default under, the FPL Group Capital Charter or by-laws, or any
indenture, mortgage, deed of trust or other agreement or instrument to which
FPL
Group Capital is now a party, or violate any law or any order, rule, decree
or
regulation applicable to FPL Group Capital of any federal or state court,
regulatory board or body or administrative agency having jurisdiction over
FPL
Group Capital or any of its property, except where such breach, default or
violation would not
5
have
a
material adverse effect on the business, properties or financial condition
of
FPL Group Capital and its subsidiaries taken as a whole.
(h) FPL
Group
Capital or one or more of its direct or indirect subsidiaries owns all of the
ownership interests of [Insert names of significant subsidiaries] free and
clear
of all liens, encumbrances and adverse claims, except such as do not materially
affect the value thereof.
(i)
FPL
Group
Capital and each of its direct and indirect significant subsidiaries (as defined
in Regulation S-X (17 CFR Part 210)) has been duly organized, is validly
existing and is in good standing under the laws of its respective jurisdiction
of organization, and is duly qualified to do business and is in good standing
as
a foreign corporation or other entity in each jurisdiction in which its
respective ownership of properties or the conduct of its respective businesses
requires such qualification, except where the failure so to qualify would not
have a material adverse effect on the business, properties or financial
condition of FPL Group Capital and its subsidiaries taken as a whole, and has
the power and authority as a corporation or other entity necessary to own or
hold its respective properties and to conduct the businesses in which it is
engaged.
(j)
The
Debentures conform in all material respects to the description thereof in the
Prospectus.
(k) The
Indenture (i) has been duly authorized by FPL Group Capital by all
necessary corporate action, [has been duly] [and, when] executed and delivered
by FPL Group Capital, and [is] [will be] a valid and binding instrument
enforceable against FPL Group Capital in accordance with its terms, except
as
limited or affected by bankruptcy, insolvency, reorganization, receivership,
moratorium or other laws affecting creditors’ rights and remedies generally and
general principles of equity and (ii) conforms in all material respects to
the description thereof in the Prospectus.
(l)
FPL
Group
Capital is not, and after giving effect to the offering and sale of the
Debentures and the application of the proceeds thereof as described in the
Pricing Disclosure Package and the Prospectus will not be, an “investment
company” within the meaning of the Investment Company Act of 1940, as amended
(“1940 Act”).]
4. Representations
and Warranties of FPL Group. FPL Group represents and warrants to the
several Underwriters that:
(a) FPL
Group, together with FPL Group Capital [2Inc],
Florida Power & Light Company [1and
the
Trusts] [2,
FPL
Group Capital Trust II, FPL Group Capital Trust III, FPL Group Trust I, FPL
Group Trust I, Florida Power & Light Company Trust I and Florida Power &
Light Company Trust II] filed with the [2Securities
and Exchange (“] Commission [2”)]
[1Registration
Statement No. 333-_____] [2a
joint
registration statement on Form S-3, including a prospectus (Registration
Statement Nos. 333-______, 333-______-01, 333-_______-02, 333-_______-03,
333-_______-04, 333-_______-05, 333-_______-06, 333-_______-07 and
333-_______-08) (“Registration Statement No. 333-______”)] for the registration
under the Securities Act of (a) an
6
unspecified
aggregate amount of (i) [1FPL
Group
Capital Senior Debt Securities] [2debt
securities of FPL Group Capital (“FPL Group Capital Senior Debt Securities”)],
(ii) [1FPL
Group
Capital Junior Subordinated Debentures] [2junior
subordinated debt securities of FPL Group Capital (“FPL Group Capital Junior
Subordinated Debentures”)], (iii) [1FPL
Group
Junior Subordinated Debentures] [2junior
subordinated debentures of FPL Group (“FPL Group Junior Subordinated
Debentures”)], (iv) [1FPL
Group
Senior Debt Securities] [2debt
securities of FPL Group (“FPL Group Senior Debt Securities”)], (v) [1FPL
Group
Capital Trust Preferred Trust Securities] [2preferred
trust securities of FPL Group Capital Trust II and FPL Group Capital
Trust III (“FPL Group Capital Trust Preferred Trust Securities”)], (vi)
[1FPL
Group
Trust Preferred Trust Securities] [2preferred
trust securities of FPL Group Trust I and FPL Group Trust II (“FPL
Group Trust Preferred Trust Securities”)], (b) FPL Group’s guarantees related to
FPL Group Capital Senior Debt Securities, FPL Group Capital Junior Subordinated
Debentures, FPL Group Capital Trust Preferred Trust Securities and FPL Group
Trust Preferred Trust Securities, (c) an unspecified aggregate amount of
(i) [1Bonds]
[2Florida
Power & Light Company’s first mortgage bonds (“Bonds”)],
(ii) [1Florida
Power & Light Company Junior Subordinated Debentures] [2Florida
Power & Light Company’s junior subordinated debentures (“Florida Power &
Light Company Junior Subordinated Debentures”)], and (iii) [1Florida
Power & Light Company Trust Preferred Trust Securities] [2preferred
trust securities of Florida Power & Light Company Trust I and Florida
Power & Light Company Trust II (“Florida Power & Light Company
Trust Preferred Trust Securities”)], and (d) [1the
Florida Power & Light Company Guarantee] [2Florida
Power & Light Company’s guarantee of the Florida Power & Light Company
Trust Preferred Trust Securities (the “Florida Power & Light Company Trust
Guarantee”)]. Such registration statement has become effective and no stop order
suspending such effectiveness has been issued under the Securities Act and
no
proceedings for that purpose have been instituted or are pending or, to the
knowledge of FPL Group, threatened by the Commission. [2References
herein to the term “Registration Statement” as of any given time shall mean
Registration Statement No. 333-______, as amended or supplemented to such
time, including all documents incorporated by reference therein as of such
time
pursuant to Item 12 of Form S-3 (“Incorporated Documents”) and any prospectus,
preliminary prospectus supplement or prospectus supplement relating to the
Debentures deemed to be a part thereof pursuant to Rule 430B that has not been
superseded or modified. References herein to the term “Registration Statement”
without reference to a time means the Registration Statement as of ____
[A.M./P.M.], New York City time, on [__________] [the date of this agreement]
(which date and time is the earlier of the date and time of (x) the first
use of the preliminary prospectus supplement relating to the Debentures and
(y) the first contract of sale of the Debentures), which time shall be
considered the “Effective Date” of the Registration Statement. For purposes of
the definitions of “Registration Statement” in the preceding two sentences,
information contained in any prospectus, preliminary prospectus supplement
or
prospectus supplement that is deemed retroactively to be a part of the
Registration Statement pursuant to Rule 430B shall be considered to be included
in the Registration Statement as of the time specified in Rule 430B. References
herein to the term “Pricing Prospectus” shall mean the prospectus relating to
FPL Group, FPL Group Capital, FPL Group Trust and FPL Group Capital Trust
forming a part of Registration
7
Statement
No. 333-______ (the “Base Prospectus”), including all Incorporated Documents and
any prospectus or prospectus supplement relating to the Debentures deemed to
be
a part of such registration statement that has not been superseded or modified.
For purposes of the definition of “Pricing Prospectus” with respect to a
particular offering of Debentures, information contained in a prospectus or
prospectus supplement (other than a prospectus or prospectus supplement that
relates only to securities issued by Florida Power & Light Company or
Florida Power & Light Company Trust) that is deemed retroactively to be a
part of the Registration Statement pursuant to Rule 430B shall be considered
to
be included in the Pricing Prospectus as of the time that form of prospectus
or
prospectus supplement is filed with the Commission pursuant to Rule 424 of
the
general rules and regulations of the Securities Act (“Rule 424”).
References herein to the term “Prospectus” means the Pricing Prospectus that
discloses the public offering price and other final terms of the Debentures
and
otherwise satisfies Section 10(a) of the Securities Act.] The prospectus
supplement relating to the Debentures proposed to be filed pursuant to Rule
424
shall be substantially in the form delivered to the Representatives prior to
the
execution of this agreement. Each of the Underwriters acknowledges that on
or
subsequent to the Closing Date, FPL Group may file a post-effective amendment
to
the Registration Statement pursuant to Rule 462(d) under the Securities Act
or a
Current Report on Form 8-K in order to file one or more unqualified opinions
of
counsel.
(b) The
Registration Statement constitutes an “automatic shelf registration statement”
(as defined in Rule 405 under the Securities Act) filed within three years
of
the date hereof; no notice of objection of the Commission with respect to the
use of the Registration Statement pursuant to Rule 401(g)(2) under the
Securities Act has been received by FPL Group; and FPL Group is a “well-known
seasoned issuer” and is not an “ineligible issuer” (in each case as defined in
Rule 405 under the Securities Act).
(c) The
Registration Statement at the Effective Date fully complied, and the Prospectus,
both at the [1424
Date]
[2both
at
the date and time it is filed with the Commission pursuant to Rule 424 (such
date and time, the “424 Date”)] and at the Closing Date, and the Registration
Statement [1
and the
[Guarantee Agreement] [Indenture]] [2and
the
Indenture] at the Closing Date, will fully comply, in all material respects
with
the applicable provisions of the Securities Act and the [11939
Act]
[2Trust
Indenture Act of 1939, as amended (the “1939 Act”)], respectively, and, in
each case, the applicable instructions, rules and regulations of the Commission
thereunder; the Registration Statement, at the Effective Date, did not, and
at
the Closing Date, the Registration Statement will not, contain an untrue
statement of a material fact, or omit to state a material fact required to
be
stated therein or necessary to make the statements therein not misleading;
the
Prospectus, both at the 424 Date and at the Closing Date, will not include
an
untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements contained therein, in the light of the
circumstances under which they were made, not misleading; and the Incorporated
Documents, when filed with the Commission, fully complied or will fully comply
in all material respects with the applicable provisions of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and the applicable
instructions, rules and regulations of the Commission thereunder; provided,
that
the foregoing representations and warranties in
8
this
subsection (c) shall not apply to statements or omissions made in reliance
upon and in conformity with information furnished in writing to FPL Group
[1or
FPL
Group Capital] by or on behalf of any Underwriter through the Representatives
expressly for use in connection with the preparation of the Registration
Statement or the Prospectus, or to any statements in or omissions from the
Statements of Eligibility [2on
Form
T-1, or amendments thereto, filed as exhibits to the Registration Statement
(collectively, the “Statements of Eligibility”)] or to any statements or
omissions made in the Registration Statement or Prospectus relating to
[2The
Depository Trust Company (“] [1the
DTC]
[2”)]Book-Entry-Only
System that are based solely on information contained in published reports
of
DTC.
(d) As
of the
Applicable Time [2(as
defined below)], the Pricing Disclosure Package [2(as
defined below)] did not contain an untrue statement of a material fact or omit
to state a material fact necessary in order to make the statements contained
therein, in the light of the circumstances under which they were made, not
misleading; provided, that the foregoing representations and warranties in
this
subsection (d) shall not apply to statements or omissions made in reliance
upon and in conformity with information furnished in writing to FPL Group
[1or
FPL
Group Capital] by or on behalf of any Underwriter through the Representatives
expressly for use in connection with the preparation of the Registration
Statement, the Pricing Prospectus, any preliminary prospectus supplement or
any
Issuer Free Writing Prospectus [2(as
defined below)], or to any statements in or omissions from the Statements of
Eligibility or to any statements or omissions made in the Registration
Statement, the Pricing Prospectus, any preliminary prospectus supplement or
any
Issuer Free Writing Prospectus relating to the DTC Book-Entry-Only System that
are based solely on information contained in published reports of DTC.
[2References
to the term “Pricing Disclosure Package” shall mean the documents listed in
Schedule III, taken together as a whole. References to the term “Issuer Free
Writing Prospectus” shall mean an issuer free writing prospectus, as defined in
Rule 433 under the Securities Act. References to the term “Free Writing
Prospectus” shall mean a free writing prospectus, as defined in Rule 405 under
the Securities Act. References to the term “Applicable Time” means ____
[A.M./P.M.] on the date hereof.] If there occurs an event or development as
a
result of which the Pricing Disclosure Package would include an untrue statement
of a material fact or would omit to state a material fact necessary in order
to
make the statements therein, in the light of the circumstances then prevailing,
not misleading, FPL Group promptly will notify the Representatives so that
any
use of the Pricing Disclosure Package may cease until it is amended or
supplemented.
(e) As
of the
Applicable Time, no Issuer Free Writing Prospectus includes any information
that
conflicts with the information contained in the Registration Statement, the
Prospectus or the Pricing Prospectus, including any document incorporated by
reference therein that has not been superseded or modified.
(f) The
financial statements included as part of or incorporated by reference in the
Pricing Disclosure Package, the Prospectus and the Registration Statement
present fairly the consolidated financial condition and results of operations
of
FPL Group and its subsidiaries taken as a whole at the respective dates or
for
the respective periods to which
9
they
apply; such financial statements have been prepared in each case in accordance
with generally accepted accounting principles consistently applied throughout
the periods involved except as otherwise indicated in the Pricing Disclosure
Package and the Registration Statement; and Deloitte & Touche LLP, who has
audited the audited financial statements of FPL Group, is an independent
registered public accounting firm as required by the Securities Act and the
Exchange Act and the rules and regulations of the Commission
thereunder.
(g) Except
as
reflected in or contemplated by the Pricing Disclosure Package, since the
respective most recent times as of which information is given in the Pricing
Disclosure Package, there has not been any material adverse change in the
business, properties or financial condition of FPL Group and its subsidiaries
taken as a whole, whether or not in the ordinary course of business, nor has
any
transaction been entered into by FPL Group or any of its subsidiaries that
is
material to FPL Group and its subsidiaries taken as a whole, other than changes
and transactions contemplated by the Pricing Disclosure Package, and
transactions in the ordinary course of business. FPL Group and its subsidiaries
have no contingent obligation material to FPL Group and its subsidiaries taken
as a whole, which is not disclosed in or contemplated by the Pricing Disclosure
Package.
(h) The
execution and delivery of this agreement and the consummation of the
transactions herein contemplated by FPL Group, and the fulfillment of the terms
hereof on the part of FPL Group to be fulfilled have been duly authorized by
all
necessary corporate action of FPL Group in accordance with the provisions of
its
Restated Articles of Incorporation, as amended (the “FPL Group Charter”),
by-laws and applicable law, and the [1[Guarantee
Agreement] [Indenture]] [2Indenture]
when issued and delivered by FPL Group as provided herein will constitute a
valid and binding obligation of FPL Group enforceable against FPL Group in
accordance with its terms, except as limited or affected by bankruptcy,
insolvency, reorganization, receivership, moratorium or other laws affecting
creditors’ rights and remedies generally and general principles of equity. The
execution and delivery by FPL Group of the [1[Guarantee
Agreement] [Indenture]] [2Indenture]
did not require, and the performance by FPL Group of its obligations thereunder
with respect to the Debentures does not require, any consent, approval,
authorization, registration or qualification of or by any governmental agency
or
body other than those consents, approvals, authorizations, registrations or
qualifications as have already been obtained.
(i) The
execution and delivery of this agreement and the consummation of the
transactions herein contemplated by FPL Group, the fulfillment of the terms
hereof on the part of FPL Group to be fulfilled and the compliance by FPL Group
with all the terms and provisions of the [1[Guarantee
Agreement] [Indenture applicable to it]] [2Indenture]
will not result in a breach of any of the terms or provisions of, or constitute
a default under, the FPL Group Charter or by-laws, or any indenture, mortgage,
deed of trust or other agreement or instrument to which FPL Group or any of
its
subsidiaries is now a party, or violate any law or any order, rule, decree
or
regulation applicable to FPL Group or any of its subsidiaries of any federal
or
state court, regulatory board or body or administrative agency having
jurisdiction over FPL Group or its subsidiaries or any of
10
their
respective property, except where such breach, default or violation would not
have a material adverse effect on the business, properties or financial
condition of FPL Group and its subsidiaries taken as a whole.
(j)
FPL
Group
or one or more of its direct or indirect subsidiaries owns all of the common
stock (with respect to those subsidiaries which are organized as corporations)
or other ownership interests (with respect to those subsidiaries which are
organized as limited liability companies) of FPL Group’s direct or indirect
significant subsidiaries (as defined in Regulation S-X) free and clear of all
liens, encumbrances and adverse claims, except such as do not materially affect
the value thereof. FPL Group’s direct and indirect significant subsidiaries (as
defined in Regulation S-X) are [insert names of significant
subsidiaries].
(k) FPL
Group
and each of its direct and indirect significant subsidiaries (as defined in
Regulation S-X) has been duly organized, is validly existing and is in good
standing under the laws of its respective jurisdiction of organization, and
is
duly qualified to do business and is in good standing as a foreign corporation
or other entity in each jurisdiction in which its respective ownership of
properties or the conduct of its respective businesses requires such
qualification, except where the failure so to qualify would not have a material
adverse effect on the business, properties or financial condition of FPL Group
and its subsidiaries taken as a whole, and has the power and authority as a
corporation or other entity necessary to own or hold its respective properties
and to conduct the businesses in which it is engaged.
(l) The
[1[Guarantee
Agreement] [Indenture]] [2Indenture]
(i) has been duly authorized by FPL Group by all necessary corporate action,
[and when] [has been] duly executed and delivered by FPL Group [and is] [will
be] a valid and binding instrument enforceable against FPL Group in accordance
with its terms, except as limited or affected by bankruptcy, insolvency,
reorganization, receivership, moratorium or other laws affecting creditors’
rights and remedies generally and general principles of equity and (ii) conforms
in all material respects to the description thereof in the
Prospectus.
(m) [2The
Debentures conform in all material respects to the description thereof in the
Prospectus.]
(n) FPL
Group
is not, and after giving effect to the offering and sale of the Debentures
and
the application of the proceeds thereof as described in the Pricing Disclosure
Package and the Prospectus will not be, an “investment company” within the
meaning of the [11940
Act]
[2Investment
Company Act of 1940, as amended (“1940 Act”)].
5. Purchase
and Sale. On the basis of the representations and warranties herein
contained, and subject to the terms and conditions in this agreement, FPL Group
[1and
FPL
Group Capital agree] [2agrees]
to sell to the respective Underwriters named in Schedule II hereto, severally
and not jointly, and the respective Underwriters agree, severally and not
jointly, to purchase from FPL Group [1and
FPL
Group Capital] the respective principal amounts of the Debentures set forth
opposite their respective names in Schedule II hereto at the
purchase
11
price[s]
for those Debentures [1(including
the related Guarantee)] set forth in Schedule I hereto as the Purchase
Price.
The
Underwriters agree to make a bona
fide
public
offering of the Debentures [1and
the
related Guarantee], as set forth in the Pricing Disclosure Package, such public
offering to be made as soon after the execution of this agreement as
practicable, subject, however, to the terms and conditions of this agreement.
The Underwriters have advised [1FPL
Group
Capital] [2FPL
Group] that the Debentures [1(including
the related Guarantee)] will be offered to the public at the amount per
Debenture [of each series] as set forth in Schedule I hereto as the Price to
Public and to certain dealers selected by the Representatives at a price which
represents a concession. Such dealers’ concession may not be in excess of _____%
of the principal amount per Debenture under the Price to Public.
Each
Underwriter agrees that (i) no information that is presented by it to investors
has been or will be inconsistent with the information contained in the Pricing
Disclosure Package as it may then be amended or supplemented and (ii) it will
make no offer that would constitute a Free Writing Prospectus that is required
to be filed by the FPL Group [1
or FPL
Group Capital] pursuant to Rule 433 under the Securities Act other than an
Issuer Free Writing Prospectus in accordance with Section [8(h)].
6. Time,
Date and Place of Closing, Default of Underwriter. Delivery of the
Debentures [of each series] and payment therefor by wire transfer in federal
funds shall be made at ___ A.M., New York City time, on the closing date set
forth on Schedule I, at the offices of Xxxxxx Xxxx & Priest LLP, 000 Xxxxx
Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at such other time, date or place as may
be
agreed upon in writing by [2FPL
Group[,]] [1FPL
Group
Capital] and the Representatives. The time and date of such delivery and payment
are herein called the “Closing Date.”
The
Debentures shall be delivered to the Representatives for the respective accounts
of the Underwriters against payment by the several Underwriters through the
Representatives of the purchase price therefor. Delivery of the Debentures
shall
be made through the facilities of DTC unless the Representatives and
[1FPL
Group
Capital] [2FPL
Group] shall otherwise agree. For the purpose of expediting the checking of
the
Debentures by the Representatives on behalf of the Underwriters, [1FPL
Group
Capital] [2FPL
Group] agrees to make such Debentures available to the Representatives for
such
purpose at the offices of Xxxxxx Xxxx & Priest LLP, 000 Xxxxx Xxxxxx, Xxx
Xxxx, Xxx Xxxx 00000, not later than 2:00 P.M., New York City time, on the
business day preceding the Closing Date, or at such other time, date or place
as
may be agreed upon by [1
FPL
Group
Capital] [2FPL
Group] and the Representatives.
If
any
Underwriter shall fail to purchase and pay for the principal amount of the
Debentures [of each series] which such Underwriter has agreed to purchase and
pay for hereunder (otherwise than by reason of any failure on the part of FPL
Group [1or
FPL
Group Capital] to comply with any of the provisions contained herein), the
non-defaulting Underwriters shall be obligated to purchase and pay for (in
addition to the respective principal amount of the Debentures [of each series]
set forth opposite their respective names in Schedule II hereto) the principal
amount of the Debentures [of each series] which such defaulting Underwriter
or
Underwriters failed to purchase and pay for, up to a principal amount thereof
equal to, in the case
12
of
each
such remaining Underwriter, ten percent (10%) of the aggregate principal amount
of the Debentures [of the series as to which there is a default] and which
are
set forth opposite the name of such remaining Underwriter in said Schedule
II,
and such remaining Underwriters shall have the right, within 24 hours of
receipt of such notice, either to (i) purchase and pay for (in such proportion
as may be agreed upon among them) the remaining principal amount of the
Debentures [of each series] which the defaulting Underwriter or Underwriters
agreed but failed to purchase, or (ii) to substitute another Underwriter or
Underwriters, satisfactory to [1FPL
Group
Capital and FPL Group] [2FPL
Group], to purchase and pay for the remaining principal amount of the Debentures
[of each series] which the defaulting Underwriter or Underwriters agreed but
failed to purchase. If any of the Debentures would still remain unpurchased,
then [1FPL
Group
Capital] [2FPL
Group] shall be entitled to a further period of 24 hours within which to
procure another party or other parties, members of the National Association
of
Securities Dealers, Inc. (or, if not members of such Association, who are not
eligible for membership in said Association and who agree (i) to make no
sales within the United States, its territories or its possessions or to persons
who are citizens thereof or residents therein and (ii) in making sales to
comply with said Association’s Conduct Rules) and satisfactory to the
Representatives to purchase such Debentures on the terms herein set forth.
In
the event that, within the respective prescribed periods, (i) the non-defaulting
Underwriters notify [1FPL
Group
Capital] [2FPL
Group] that they have arranged for the purchase of such Debentures or (ii)
[1FPL
Group
Capital] [2FPL
Group] notifies the non-defaulting Underwriters that it has arranged for the
purchase of such Debentures, the non-defaulting Underwriters or [1FPL
Group
Capital] [2FPL
Group] shall have the right to postpone the Closing Date for a period of not
more than three full business days beyond the expiration of the respective
prescribed periods in order to effect whatever changes may thus be made
necessary in the Registration Statement, the Prospectus or in any other
documents or arrangements. In the event that neither the non-defaulting
Underwriters nor [1FPL
Group
Capital] [2FPL
Group] has arranged for the purchase of such Debentures by another party or
parties as above provided, then this agreement shall terminate without any
liability on the part of FPL Group [1or
FPL
Group Capital] or any Underwriter (other than an Underwriter which shall have
failed or refused, otherwise than for some reason sufficient to justify, in
accordance with the terms hereof, the cancellation or termination of its
obligations hereunder, to purchase and pay for the Debentures which such
Underwriter has agreed to purchase as provided in Section [5] hereof),
except as otherwise provided in Section [10 and] subsections (d) and (f) of
Section [7] hereof.
7. Covenants
of FPL Group [1and
FPL Group Capital]. FPL Group [1and
FPL
Group Capital agree] [2agrees]
with the several Underwriters that:
(a) FPL
Group
[1and
FPL
Group Capital] will timely file the Prospectus with the Commission pursuant
to
Rule 424 under the Securities Act. FPL Group [1and
FPL
Group Capital] have complied and will comply with Rule 433 under the Securities
Act in connection with the offering and sale of the Debentures, including
applicable provisions in respect of timely filing with the Commission, legending
and record-keeping.
(b) FPL
Group
[1and
FPL
Group Capital] will prepare a final term sheet, containing a description of
the
pricing terms of the Debentures, substantially in the form of Schedule I hereto
and approved by the Representatives and will timely file such term sheet with
the Commission pursuant to Rule 433 under the Securities Act.
13
(c) [1FPL
Group
Capital] [2FPL
Group] will deliver to the Representatives and to Counsel for the Underwriters
one signed copy of the Registration Statement or, if a signed copy is not
available, one conformed copy of the Registration Statement certified by an
officer of [1FPL
Group
Capital] [2FPL
Group] to be in the form as originally filed, including all Incorporated
Documents and exhibits, except those incorporated by reference, which relate
to
the Debentures, including a signed or conformed copy of each consent and
certificate included therein or filed as an exhibit thereto. As soon as
practicable after the date of this agreement, [1FPL
Group
Capital] [2FPL
Group] will deliver to the Underwriters through the Representatives as many
copies of the Prospectus as the Representatives may reasonably request for
the
purposes contemplated by the Securities Act.
(d) [1FPL
Group
Capital] [2FPL
Group] has paid or cause to be paid or will pay or cause to be paid all expenses
in connection with the (i) preparation and filing of the Registration Statement,
any preliminary prospectus, the Prospectus and any Issuer Free Writing
Prospectus, (ii) issuance and delivery of the Debentures as provided in
Section [6] hereof, and (iii) printing and delivery to the
Representatives for the account of the Underwriters, in reasonable quantities,
of copies of the Registration Statement, any preliminary prospectus, the
Prospectus, any Issuer Free Writing Prospectus [1the
Guarantee Agreement] and the Indenture. [1FPL
Group
Capital] [2FPL
Group] [will pay or cause to be paid all taxes, if any (but not including any
transfer taxes), on the issuance of the Debentures. [1FPL
Group
Capital] [2FPL
Group] shall not, however, be required to pay any amount for any expenses of
the
Representatives or any of the Underwriters, except that if this agreement shall
be terminated in accordance with the provisions of Sections [8], [9] [or]
[11] hereof, [1FPL
Group
Capital] [2FPL
Group] will pay or cause to be paid the fees and disbursements of Counsel for
the Underwriters, whose fees and disbursements the Underwriters agree to pay
in
any other event and [1FPL
Group
Capital] [2FPL
Group] shall reimburse or cause to be reimbursed the Underwriters for
out-of-pocket expenses reasonably incurred by them in connection with the
transactions contemplated by this agreement, not in excess, however, of an
aggregate of $5,000 for such out-of-pocket expenses. [1Neither]
FPL Group [1nor
FPL
Group Capital] shall [2not]
in
any event be liable to any of the several Underwriters for damages on account
of
loss of anticipated profits.
(e) During
a
period of nine months after the date of this agreement, if any event relating
to
or affecting FPL Group [1or
FPL
Group Capital] shall occur which, in the opinion of FPL Group [1or
FPL
Group Capital], should be set forth in a supplement to or an amendment of the
Prospectus (including an Issuer Free Writing Prospectus) in order to make the
Prospectus not misleading in the light of the circumstances when it is delivered
to a purchaser, [1FPL
Group
Capital] [2FPL
Group] will forthwith at its expense prepare, file with the Commission, if
required, and furnish to the Representatives a reasonable number of copies
of
such supplement or supplements or amendment or amendments to the Prospectus
(including an Issuer Free Writing Prospectus) which will supplement or amend
the
Prospectus so that as supplemented or amended it will not include an untrue
statement of a material fact or omit to state a material fact necessary in
order
to make the statements contained therein, in the light of the circumstances
when
the Prospectus is delivered to a purchaser, not misleading; provided that should
such event relate solely to
14
activities
of any of the Underwriters, then the Underwriters shall assume the expense
of
preparing and furnishing copies of any such amendment or supplement. In case
any
Underwriter is required to deliver a Prospectus after the expiration of nine
months after the date of this agreement, [1FPL
Group
Capital] [2FPL
Group] upon the request of the Representatives will furnish to the
Representatives, at the expense of such Underwriter, a reasonable quantity
of a
supplemented or amended Prospectus or supplements or amendments to the
Prospectus complying with Section 10 of the Securities Act.
(f) [1FPL
Group
Capital] [2FPL
Group] will furnish such proper information as may be lawfully required and
otherwise cooperate in qualifying the Debentures [1(and
the
related Guarantee)] for offer and sale under the blue sky laws of such United
States jurisdictions as the Representatives may designate and will pay or cause
to be paid filing fees and expenses (including fees of counsel not to exceed
$5,000 and reasonable disbursements of counsel), provided that [1neither]
FPL Group [1nor
FPL
Group Capital] shall [2not]
be
required to qualify as a foreign corporation or dealer in securities, or to
file
any consents to service of process under the laws of any jurisdiction, or to
meet other requirements deemed by FPL Group [1or
FPL
Group Capital] to be unduly burdensome.
(g) FPL
Group
will timely file such reports pursuant to the Exchange Act as are necessary
in
order to make generally available to its security holders (including holders
of
the Debentures) as soon as practicable an earnings statement (which need not
be
audited, unless required so to be under Section 11(a) of the Securities
Act) for the purposes of, and to provide the benefits contemplated by, the
last
paragraph of Section 11(a) of the Securities Act.
(h) Prior
to
the termination of the offering of the Debentures, FPL Group [2and
FPL
Group Capital] will not file any amendment to the Registration Statement or
any
amendment or supplement to the Prospectus or any amendment or supplement to
the
Pricing Disclosure Package without prior notice to the Representatives and
to
Hunton & Xxxxxxxx LLP, who are acting as counsel for the several
Underwriters (“Counsel for the Underwriters”), or any such amendment or
supplement to which the Representatives shall reasonably object in writing,
or
which shall be unsatisfactory to Counsel for the Underwriters. [1Neither]
FPL Group [1nor
FPL
Group Capital have] [2has
not]
made any offer relating to the Debentures that would constitute an Issuer Free
Writing Prospectus or that would otherwise constitute a Free Writing Prospectus
required to be filed by FPL Group [1or
FPL
Group Capital] with the Commission or retained by FPL Group [1or
FPL
Group Capital] under Rule 433 under the Securities Act, other than a pricing
term sheet substantially in the form as set forth on Schedule I, and will not
make any such offer without prior notice to the Representatives and to Counsel
for the Underwriters, or any such offer to which the Representatives shall
reasonably object in writing, or which shall be unsatisfactory to Counsel for
the Underwriters.
(i) FPL
Group
[1and
FPL
Group Capital] will advise the Representatives promptly of the filing of the
Prospectus pursuant to Rule 424, of the filing of any material pursuant to
Rule
433 and of any amendment or supplement to the Pricing Disclosure Package or
the
Registration Statement or, prior to the termination of the offering of the
Debentures hereunder, of official notice of the institution of proceedings
for,
or the entry
15
of,
a
stop order suspending the effectiveness of the Registration Statement, of
receipt from the Commission of any notice of objection to the use of the
Registration Statement or any post-effective amendment thereto pursuant to
Rule
401(g)(2) under the Securities Act has been received by FPL Group [1or
FPL
Group Capital], and, if such a stop order should be entered, or notice of
objection should be received, use every commercially reasonable effort to obtain
the prompt removal thereof.
8. Conditions
of Underwriters’ Obligations to Purchase and Pay for the Debentures. The
several obligations of the Underwriters to purchase and pay for the Debentures
shall be subject to the performance by FPL Group [1and
FPL
Group Capital] of [1their]
[2its]
obligations to be performed hereunder on or prior to the Closing Date and to
the
following conditions:
(a) The
[1respective]
representations and warranties made by FPL Group [1and
FPL
Group Capital] herein and qualified by materiality shall be true and correct
in
all respects and the representations and warranties made by FPL Group
[1and
FPL
Group Capital] herein that are not qualified by materiality shall be true and
correct in all material respects as of the Closing Date, in each case, as if
made on and as of such date and the Representatives shall have received, prior
to payment for the Debentures, a certificate from [1each
of]
FPL Group [1and
FPL
Group Capital] dated the Closing Date and signed by an officer of FPL Group
[1and
FPL
Group Capital, as the case may be,] to that effect.
(b) No
stop
order suspending the effectiveness of the Registration Statement shall be in
effect on the Closing Date; no order of the Commission directed to the adequacy
of any Incorporated Document shall be in effect on the Closing Date; no
proceedings for either such purpose shall be pending before, or threatened
by,
the Commission on such date, and no notice of objection by the Commission to
the
use of the Registration Statement or any post-effective amendment thereto
pursuant to Rule 401(g)(2) under the Securities Act shall have been received
by
FPL Group [1or
FPL
Group Capital]; and the Representatives shall have received, prior to payment
for the Debentures, a certificate from [1each
of]
FPL Group [1and
FPL
Group Capital] dated the Closing Date and signed by an officer of FPL Group
[1and
FPL
Group Capital, as the case may be,] to the effect that, to the best of his
or
her knowledge, no such order is in effect and no proceedings for either such
purpose are pending before, or to the knowledge of FPL Group [1and
FPL
Group Capital] threatened by, the Commission.
(c) On
the
Closing Date, the Representatives shall have received from Squire, Xxxxxxx
&
Xxxxxxx L.L.P., counsel to FPL Group [1and
FPL
Group Capital], Xxxxxx Xxxx & Priest LLP, counsel to FPL Group [1and
FPL
Group Capital], and Hunton & Xxxxxxxx LLP, Counsel for the Underwriters,
opinions (with a copy for each of the Underwriters) in substantially the form
and substance prescribed in Schedules IV, V and VI hereto (i) with such
changes therein as may be agreed upon by FPL Group [1,
FPL
Group Capital] and the Representatives, with the approval of Counsel for the
Underwriters, and (ii) if the Prospectus relating to the Debentures shall
be supplemented or amended after the Prospectus shall have been filed with
the
Commission pursuant to Rule 424, with any changes therein necessary to
reflect such supplementation or amendment.
16
(d) On
the
date of this agreement and on the Closing Date, the Representatives shall have
received from Deloitte & Touche LLP a letter or letters (which may refer to
letters previously delivered to the Representatives) (with copies thereof for
each of the Underwriters) dated the respective dates of delivery thereof to
the
effect that (i) they are an independent registered public accounting firm
with respect to FPL Group within the meaning of the Securities Act and the
Exchange Act and the applicable published rules and regulations thereunder;
(ii) in their opinion, the consolidated financial statements of FPL Group
audited by them and incorporated by reference in the Pricing Prospectus or
the
Pricing Prospectus and the Prospectus, as applicable, comply as to form in
all
material respects with the applicable accounting requirements of the Securities
Act and the Exchange Act and the published rules and regulations thereunder;
(iii) on the basis of performing a review of interim financial information
as described in Statement on Auditing Standards No. 100, Interim Financial
Information, on the unaudited condensed consolidated financial statements of
FPL
Group, if any, incorporated by reference in the Pricing Prospectus or the
Pricing Prospectus and the Prospectus, as applicable, a reading of the latest
available interim unaudited [condensed] consolidated financial statements of
FPL
Group, if any, since the close of FPL Group’s most recent audited fiscal year,
reading the minutes and consents of the Board of Directors and the Finance
&
Investment Committee of the Board of Directors and of the shareholders of FPL
Group since the end of the most recent audited fiscal year, and inquiries of
officials of FPL Group who have responsibility for financial and accounting
matters (it being understood that the foregoing procedures do not constitute
an
audit made in accordance with standards of the Public Company Accounting
Oversight Board (United States) and they would not necessarily reveal matters
of
significance with respect to the comments made in such letter, and accordingly
that Deloitte & Touche LLP makes no representation as to the sufficiency of
such procedures for the several Underwriters’ purposes), nothing has come to
their attention which caused them to believe that (a) the unaudited
condensed consolidated financial statements of FPL Group, if any, incorporated
by reference in the Pricing Prospectus or the Pricing Prospectus and the
Prospectus, as applicable, (1) do not comply as to form in all material
respects with the applicable accounting requirements of the Securities Act
and
the Exchange Act and the published rules and regulations thereunder and
(2) except as disclosed in the Pricing Prospectus or the Pricing Prospectus
and the Prospectus, as applicable, are not in conformity with generally accepted
accounting principles applied on a basis substantially consistent with that
of
the audited consolidated financial statements of FPL Group incorporated by
reference in the Pricing Prospectus or the Pricing Prospectus and the
Prospectus, as applicable; (b) at the date of the latest available interim
balance sheet read by them and at a specified date not more than five days
prior
to the date of such letter, there was any change in the capital stock or
increase in long-term debt including current maturities and excluding fair
value
swaps and amortization of the unamortized premiums and discount on long-term
debt of FPL Group and its subsidiaries, or decrease in FPL Group’s common
shareholders’ equity, in each case as compared with amounts shown in the most
recent [condensed] consolidated balance sheet incorporated by reference in
the
Pricing Prospectus or the Pricing Prospectus and the Prospectus, as applicable,
except in all instances for changes, increases or decreases which the Pricing
Prospectus or the Pricing Prospectus and the Prospectus, as applicable,
discloses have occurred or may occur, or as occasioned by the
17
declaration,
provision for, or payment of dividends, or as occasioned by the sale of common
stock pursuant to any employee or director benefit or compensation plan or
the
dividend reinvestment plan or the repurchase of common stock by FPL Group or
which are described in such letter; or (c) for the period from the date of
the most recent [condensed] consolidated balance sheet incorporated by reference
in the Pricing Prospectus or the Pricing Prospectus and the Prospectus, as
applicable, to the latest available interim balance sheet read by them and
for
the period from the date of the latest available interim balance sheet read
by
them to a specified date not more than five days prior to the date of such
letter, there were any decreases, as compared with the corresponding period
in
the preceding year, in total consolidated operating revenues or in net income,
except in all instances for decreases which the Pricing Prospectus or the
Pricing Prospectus and the Prospectus, as applicable, discloses have occurred
or
may occur, or which are described in such letter; and (iv) they have
carried out certain procedures and made certain findings, as specified in such
letter, with respect to certain amounts included in the Pricing Prospectus
or
the Pricing Prospectus and the Prospectus, as applicable, and Exhibit 12(a)
to
the Registration Statement and such other items as the Representatives may
reasonably request.
(e) Since
the
respective most recent times as of which information is given in the Pricing
Disclosure Package, and up to the Closing Date, (i) there shall have been
no material adverse change in the business, properties or financial condition
of
[1(a) FPL
Group Capital and its subsidiaries taken as a whole or (b)] FPL Group and
its subsidiaries taken as a whole, except [1in
each
case] as disclosed in or contemplated by the Pricing Disclosure Package, and
(ii) there shall have been no transaction entered into by [1(a) FPL
Group Capital or any of its subsidiaries that is material to FPL Group Capital
and its subsidiaries taken as a whole or (b)] FPL Group or any of its
subsidiaries that is material to FPL Group and its subsidiaries taken as a
whole, [1in
each
case] other than transactions disclosed in or contemplated by the Pricing
Disclosure Package, and transactions in the ordinary course of business; and
at
the Closing Date, the Representatives shall have received a certificate to
such
effect from [1each
of
FPL Group Capital and] FPL Group signed by an officer of [2FPL
Group
Capital or] FPL Group[1,
as the
case may be].
(f) All
legal
proceedings to be taken in connection with the issuance and sale of the
Debentures [1(including
the related Guarantee)] shall have been satisfactory in form and substance
to
Counsel for the Underwriters.
In
case
any of the conditions specified above in this Section [8] shall not have
been fulfilled, this agreement may be terminated by the Representatives upon
mailing or delivering written notice thereof to FPL Group [1and
FPL
Group Capital]. Any such termination shall be without liability of any party
to
any other party except as otherwise provided in subsections (d) and (f) of
Section [7] hereof.
9. Condition
of FPL Group’s [1and
FPL Group Capital’s] Obligations. The obligation of [1FPL
Group
Capital] [2FPL
Group] to deliver the Debentures [1and
the
obligation of FPL Group to deliver the related Guarantee] shall be subject
to
the following condition:
18
(a) No
stop
order suspending the effectiveness of the Registration Statement shall be in
effect on the Closing Date; no order of the Commission directed to the adequacy
of any Incorporated Document shall be in effect on the Closing Date, no
proceedings for either such purpose shall be pending before, or threatened
by,
the Commission on such date; and no notice of objection by the Commission to
the
use of the Registration Statement or any post-effective amendment thereto
pursuant to Rule 401(g)(2) under the Securities Act shall have been received
by
FPL Group [1or
FPL
Group Capital].
In
case
the condition specified above in this Section [9] shall not have been
fulfilled, this agreement may be terminated by FPL Group [1and
FPL
Group Capital] upon mailing or delivering written notice thereof to the
Representatives. Any such termination shall be without liability of any party
to
any other party except as otherwise provided in subsections (c) and (e) of
Section [7] hereof.
10. Indemnification.
(a) FPL
Group
[1and
FPL
Group Capital, jointly and severally, agree] [2agrees]
to indemnify and hold harmless each Underwriter, each officer and director
of
each Underwriter and each person who controls any Underwriter within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act
against any and all losses, claims, damages or liabilities, joint or several,
to
which they or any of them may become subject under the Securities Act or any
other statute or common law and to reimburse each such Underwriter, officer,
director and controlling person for any legal or other expenses (including,
to
the extent hereinafter provided, reasonable counsel fees) when and as incurred
by them in connection with investigating any such losses, claims, damages or
liabilities or in connection with defending any actions, insofar as such losses,
claims, damages, liabilities, expenses or actions arise out of or are based
upon
an untrue statement or alleged untrue statement of a material fact contained
in
any preliminary prospectus, including all Incorporated Documents, or in the
Registration Statement, the Pricing Prospectus, the Prospectus or any Issuer
Free Writing Prospectus, or the omission or alleged omission to state therein
a
material fact required to be stated therein or necessary to make the statements
therein not misleading; provided, however, that the indemnity agreement
contained in this subsection (a) of Section [10] shall not apply to
any such losses, claims, damages, liabilities, expenses or actions arising
out
of, or based upon, any such untrue statement or alleged untrue statement, or
any
such omission or alleged omission, if such statement or omission was made in
reliance upon and in conformity with information furnished in writing, to FPL
Group [1or
FPL
Group Capital] by or on behalf of any Underwriter, through the Representatives,
expressly for use in connection with the preparation of any preliminary
prospectus, the Registration Statement, the Pricing Prospectus, the Prospectus
or any Issuer Free Writing Prospectus or any amendment or supplement to any
thereof, or arising out of, or based upon, statements in or omissions from
the
Statements of Eligibility; and provided, further, that the indemnity agreement
contained in this subsection (a) of Section [10] in respect of any
preliminary prospectus, the Pricing Prospectus, any Issuer Free Writing
Prospectus or the Prospectus shall not inure to the benefit of any Underwriter
(or of any officer or director or person controlling such Underwriter) on
account of any such losses, claims, damages, liabilities, expenses or actions
arising from the sale of the Debentures [of any series] to
19
any
person in respect of any preliminary prospectus, the Pricing Prospectus, any
Issuer Free Writing Prospectus or the Prospectus, each as may be then
supplemented or amended, furnished by such Underwriter to a person to whom
any
of the Debentures were sold (excluding in all cases, however, any document
then
incorporated by reference therein), insofar as such indemnity relates to any
untrue or misleading statement or omission made in such preliminary prospectus,
Pricing Prospectus, Prospectus or Issuer Free Writing Prospectus, if a copy
of a
supplement or amendment to such preliminary prospectus, Pricing Prospectus,
Prospectus, or Issuer Free Writing Prospectus (excluding in all cases, however,
any document then incorporated by reference therein) (i) is furnished on a
timely basis by FPL Group [1or
FPL
Group Capital] to the Underwriter, (ii) is required to have been conveyed to
such person by or on behalf of such Underwriter, at or prior to the entry into
the contract of sale of the Debentures with such person, but was not so conveyed
(which conveyance may be oral (if permitted by law) or written) by or on behalf
of such Underwriter and (iii) would have cured the defect giving rise to such
loss, claim, damage or liability. The indemnity agreement of FPL Group
[1and
FPL
Group Capital] contained in this subsection (a) of Section [10] and
the representations and warranties of FPL Group [1and
FPL
Group Capital] contained in [1Sections 3
and 4] [2Section
3] hereof, [1respectively,]
shall remain operative and in full force and effect, regardless of any
investigation made by or on behalf of any Underwriter, or any such officer,
director or controlling person, and shall survive the delivery of the Debentures
[of each series]. The Underwriters agree promptly to notify [1each
of]
FPL Group [1and
FPL
Group Capital], and each other Underwriter, of the commencement of any
litigation or proceedings against them or any of them, or any such officer,
director or controlling person in connection with the issuance and sale of
the
Debentures [of any series].
(b) Each
Underwriter, severally and not jointly, agrees to indemnify and hold harmless
[1each
of]
FPL Group [1and
FPL
Group Capital], [1their
respective] [2its]
officers and directors, and each person who controls FPL Group [1or
FPL
Group Capital, as the case may be] within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act against any and all losses,
claims, damages or liabilities, joint or several, to which they or any of them
may become subject under the Securities Act or any other statute or common
law
and to reimburse each of them for any legal or other expenses (including, to
the
extent hereinafter provided, reasonable counsel fees) when and as incurred
by
them in connection with investigating any such losses, claims, damages or
liabilities or in connection with defending any actions, insofar as such losses,
claims, damages, liabilities, expenses or actions arise out of or are based
upon
an untrue statement or alleged untrue statement of a material fact contained
in
any preliminary prospectus, the Registration Statement, the Pricing Prospectus,
the Prospectus or any Issuer Free Writing Prospectus, or the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading if such statement or
omission was made in reliance upon and in conformity with information furnished
in writing to FPL Group [1or
FPL
Group Capital] by or on behalf of such Underwriter, through the Representatives,
expressly for use in connection with the preparation of any preliminary
prospectus, the Registration Statement, the Pricing Prospectus, the Prospectus
or any Issuer Free Writing Prospectus or any amendment or supplement to any
thereof. The Underwriters hereby furnish to FPL
20
Group
[1and
FPL
Group Capital] in writing expressly for use in the preliminary prospectus,
the
Registration Statement, the Pricing Prospectus, the Prospectus and any Issuer
Free Writing Prospectus [insert information provided by the Underwriters].
FPL
Group [1and
FPL
Group Capital each acknowledge] [2acknowledges]
that the statements set forth in the preceding sentence constitutes the only
information furnished in writing by or on behalf of the several Underwriters
expressly for inclusion in any preliminary prospectus, the Registration
Statement, the Pricing Prospectus, the Prospectus or any Issuer Free Writing
Prospectus. The indemnity agreement of the respective Underwriters contained
in
this subsection (b) of Section [10] shall remain operative and in full
force and effect, regardless of any investigation made by or on behalf of FPL
Group [1,FPL
Group Capital] or any of [1their
respective] [2its]
officers or directors or any such other Underwriter or any such controlling
person, and shall survive the delivery of the Debentures [of each series].
FPL
Group [1and
FPL
Group Capital agree] [2agrees]
promptly to notify the Representatives of the commencement of any litigation
or
proceedings against FPL Group [1,
FPL
Group Capital] (or any controlling person [1of
either] thereof) or any of [1their
respective] [2its]
officers or directors in connection with the issuance and sale of the Debentures
[of any series].
(c) FPL
Group
[1,
FPL
Group Capital] and each of the several Underwriters each agree that, upon the
receipt of notice of the commencement of any action against it, its officers
and
directors, or any person controlling it as aforesaid, in respect of which
indemnity or contribution may be sought under the provisions of this
Section [10], it will promptly give written notice of the commencement
thereof to the party or parties against whom indemnity or contribution shall
be
sought thereunder, but the omission so to notify such indemnifying party or
parties of any such action shall not relieve such indemnifying party or parties
from any liability which it or they may have to the indemnified party otherwise
than on account of this indemnity agreement. In case such notice of any such
action shall be so given, such indemnifying party or parties shall be entitled
to participate at its own expense in the defense or, if it so elects, to assume
(in conjunction with any other indemnifying parties) the defense of such action,
in which event such defense shall be conducted by counsel chosen by such
indemnifying party or parties and reasonably satisfactory to the indemnified
party or parties who shall be defendant or defendants in such action, and such
defendant or defendants shall bear the fees and expenses of any additional
counsel retained by them; but if the indemnifying party or parties shall elect
not to assume the defense of such action, such indemnifying party or parties
will reimburse such indemnified party or parties for the reasonable fees and
expenses of any counsel retained by them; provided, however, if the defendants
in any such action include both the indemnified party and the indemnifying
party
and counsel for the indemnifying party shall have reasonably concluded that
there may be a conflict of interest involved in the representation by such
counsel of both the indemnifying party and the indemnified party, the
indemnified party or parties shall have the right to select separate counsel,
satisfactory to the indemnifying party or parties, to participate in the defense
of such action on behalf of such indemnified party or parties at the expense
of
the indemnifying party or parties (it being understood, however, that the
indemnifying party or parties shall not be liable for the expenses of more
than
one separate counsel representing the indemnified parties who are parties to
such action). FPL Group [1,
FPL
Group Capital] and each of the several Underwriters each agree that without
the
prior written consent of
21
the
other
parties to such action who are parties to this agreement, which consent shall
not be unreasonably withheld, it will not settle, compromise or consent to
the
entry of any judgment in any claim or proceeding in respect of which such party
intends to seek indemnity or contribution under the provisions of this
Section [10], unless such settlement, compromise or consent
(i) includes an unconditional release of such other parties from all
liability arising out of such claim or proceeding 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 such other parties.
(d) If,
or to
the extent, the indemnification provided for in subsections (a) or (b) above
shall be unenforceable under applicable law by an indemnified party, each
indemnifying party agrees to contribute to such indemnified party with respect
to any and all losses, claims, damages, liabilities and expenses for which
each
such indemnification provided for in subsections (a) or (b) above shall be
unenforceable, in such proportion as shall be appropriate to reflect
(i) the relative fault of FPL Group [1and
FPL
Group Capital] on the one hand and the Underwriters on the other in connection
with the statements or omissions which have resulted in such losses, claims,
damages, liabilities and expenses, (ii) the relative benefits received by
FPL Group [1and
FPL
Group Capital] on the one hand and the Underwriters on the other hand from
the
offering of the Debentures pursuant to this agreement, and (iii) any other
relevant equitable considerations; provided, however, that no indemnified party
guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act) shall be entitled to contribution with respect thereto
from any indemnifying party not guilty of such fraudulent misrepresentation.
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
FPL
Group [1and
FPL
Group Capital] or the Underwriters and each such party’s relative intent,
knowledge, access to information and opportunity to correct or prevent such
untrue statement or omission. FPL Group [1,
FPL
Group Capital] and each of the Underwriters agree that it would not be just
and
equitable if contribution pursuant to this subsection (d) were to be
determined by pro rata allocation or by any other method of allocation which
does not take account of the equitable considerations referred to above.
Notwithstanding the provisions of this subsection (d), no Underwriter shall
be required to contribute in excess of the amount equal to the excess of
(i) the total price at which the Debentures underwritten by it were offered
to the public, over (ii) the amount of any damages which such Underwriter
has otherwise been required to pay by reason of any such untrue or alleged
untrue statement or omission or alleged omission. The obligations of each
Underwriter to contribute pursuant to this subsection (d) are several and
not joint and shall be in the same proportion as such Underwriter’s obligation
to underwrite the Debentures is to the total principal amount of the Debentures
set forth in Schedule II hereto.
11. Termination.
This agreement may be terminated by the Representatives by delivering written
notice thereof to FPL Group and [1FPL
Group
Capital], at any time prior to the Closing Date, if after the date hereof and
at
or prior to the Closing Date:
22
(a) (i)
there
shall have occurred any general suspension of trading in securities on The
New
York Stock Exchange, Inc. (the “NYSE”) or there shall have been established by
the NYSE or by the Commission or by any federal or state agency or by the
decision of any court any limitation on prices for such trading or any general
restrictions on the distribution of securities, or trading in any securities
of
FPL Group [1or
FPL
Group Capital] shall have been suspended or limited by any exchange located
in
the United States or on the over-the-counter market located in the United States
or a general banking moratorium declared by New York or federal authorities
or
(ii) there shall have occurred any material adverse change in the financial
markets in the United States, any outbreak of hostilities, including, but not
limited to, an escalation of hostilities which existed prior to the date of
this
agreement, any other national or international calamity or crisis or any
material adverse change in financial, political or economic conditions affecting
the United States, the effect of any such event specified in this clause (ii)
being such as to make it, in the reasonable judgment of the Representatives,
impracticable or inadvisable to proceed with the offering of the Debentures
as
contemplated in the Pricing Disclosure Package or for the Underwriters to
enforce contracts for the sale of the Debentures; or
(b) (i)
there
shall have been any downgrading or any notice of any intended or potential
downgrading in the ratings accorded to the Debentures or any securities of
[1FPL
Group
Capital] [2FPL
Group] which are of the same class as the Debentures by either [Xxxxx’x
Investors Service, Inc. (“Moody’s”)] or [Standard & Poor’s Ratings Services,
a division of The XxXxxx-Xxxx Companies, Inc. (“S&P”)], or (ii) either
[Moody’s] or [S&P] shall have publicly announced that either has under
surveillance or review, with possible negative implications, its ratings of
the
Debentures [of each series] or any securities of [1FPL
Group
Capital] [2FPL
Group] which are of the same class as the Debentures [of each series], the
effect of any such event specified in (i) or (ii) above being such as to make
it, in the reasonable judgment of the Representatives, impracticable or
inadvisable to proceed with the offering of the Debentures as contemplated
in
the Pricing Disclosure Package or for the Underwriters to enforce contracts
for
the sale of the Debentures.
This
agreement may also be terminated at any time prior to the Closing Date if in
the
judgment of the Representatives the subject matter of any amendment or
supplement to the Registration Statement or the Prospectus or any Issuer Free
Writing Prospectus prepared and furnished by FPL Group [1and
FPL
Group Capital] after the date hereof reflects a material adverse change in
the
business, properties or financial condition of FPL Group and its subsidiaries
taken as a whole [1or
FPL
Group Capital and its subsidiaries taken as a whole] which renders it either
inadvisable to proceed with such offering, if any, or inadvisable to proceed
with the delivery of the Debentures [of any series] to be purchased hereunder.
Any termination of this agreement pursuant to this Section [11] shall be
without liability of any party to any other party except as otherwise provided
in subsections (d) and (f) of Section [7] hereof.
12. Miscellaneous.
(a) The
validity and interpretation of this agreement shall be governed by the laws
of
the State of New York without regard to conflicts of law principles thereunder.
This agreement shall inure to the benefit of, and be binding upon, FPL Group
[1,
FPL
Group
23
Capital],
the several Underwriters and, with respect to the provisions of
Section [10] hereof, each officer, director or controlling person referred
to in said Section [10], and their respective successors. Nothing in this
agreement is intended or shall be construed to give to any other person or
entity any legal or equitable right, remedy or claim under or in respect of
this
agreement or any provision herein contained. The term “successors” as used in
this agreement shall not include any purchaser, as such purchaser, of any
Debentures from any of the several Underwriters.
(b) FPL
Group
[1and
FPL
Group Capital each] acknowledges and agrees that the Underwriters are acting
solely in the capacity of arm’s length contractual counterparties to FPL Group
[1and
FPL
Group Capital] with respect to the offering of the Debentures as contemplated
by
this agreement and not as financial advisors or fiduciaries to FPL Group
[1or
FPL
Group Capital] in connection herewith. Additionally, none of the Underwriters
is
advising FPL Group [1or
FPL
Group Capital] as to any legal, tax, investment, accounting or regulatory
matters in any jurisdiction in connection with the offering of the Debentures
as
contemplated by this agreement. Any review by the Underwriters of FPL Group
[1and
FPL
Group Capital] in connection with the offering of the Debentures contemplated
by
this agreement and the transactions contemplated by this agreement will not
be
performed on behalf of FPL Group [1and
FPL
Group Capital].
13. Notices.
All communications hereunder shall be in writing or by telegram and, if to
the
Underwriters, shall be mailed or delivered to the Representatives at the address
set forth in Schedule II hereto, or if to FPL Group [1or
FPL
Group Capital], shall be mailed or delivered to it at 000 Xxxxxxxx Xxxxxxxxx,
Xxxx Xxxxx, Xxxxxxx 00000, Attention: Treasurer.
14. Counterparts.
This agreement may be executed in any number of counterparts by the parties
hereto on separate counterparts, each of which, when so executed and delivered,
shall be deemed an original, but all such counterparts shall together constitute
one and the same instrument.
24
If
the
foregoing correctly sets forth our understanding, please indicate your
acceptance thereof in the space provided below for that purpose, whereupon
this
letter and your acceptance shall constitute a binding agreement between
us.
Very
truly yours,
|
||
FPL
Group, Inc.
|
||
By:
|
||
Name:
|
||
Title:
|
||
[1FPL
Group Capital Inc
|
||
By:
|
||
Name:
|
||
Title:]
|
Accepted
and delivered as of
the
date
first above written:
By: | ||
Name: | ||
Title: |
Acting
on
[its] [their] own behalf and on behalf of the other several Underwriters
referred to in the foregoing agreement.
SCHEDULE
I
[Name
of Issuer]
Pricing
Term Sheet
[Date]
Issuer:
Underwriting
Agreement dated
Representatives:
Debentures:
Designation:
|
Principal
Amount:
Date
of
Maturity:
Interest
Rate:
Price
to Public:
|
Treasury
Benchmark:
Benchmark
Price:
Benchmark
Yield:
Spread
to
Benchmark
Treasury:
Purchase
Price:
|
Proceeds
to FPL Group [1Capital]
(before
expenses):
|
Closing
Date:
|
CUSIP/
ISIN Number:
Expected
Credit Ratings*:
*A
security rating is not a recommendation to buy, sell or hold securities and
should be evaluated independently of any other rating. The rating is subject
to
revision or withdrawal at any time by the assigning rating
organization.
The
issuer has filed a registration statement (including a prospectus) with the
SEC
for the offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement and other documents
the issuer has filed with the SEC for more complete information about the issuer
and this offering. You may get these documents for free by visiting XXXXX on
the
SEC Web site at xxx.xxx.xxx.
Alternatively, the issuer, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling
__________ toll-free __________ or __________ toll-free __________.
SCHEDULE
II
Representatives
|
Addresses
|
Underwriter
|
Principal
Amount of Debentures
|
Total.............................................
SCHEDULE
III
PRICING
DISCLOSURE PACKAGE
(1) Prospectus,
dated ________________
(2) Preliminary
Prospectus Supplement dated _______________ (which shall be deemed to include
the Incorporated Documents)
(3) Issuer
Free Writing Prospectuses
(a) Pricing
Term Sheet attached as Schedule I hereto
SCHEDULE
IV
[LETTERHEAD
OF SQUIRE, XXXXXXX & XXXXXXX L.L.P.]
SCHEDULE
V
[LETTERHEAD
OF XXXXXX XXXX & PRIEST LLP]
SCHEDULE
VI
[LETTERHEAD
OF HUNTON & XXXXXXXX LLP]