FORM OF FISCAL AGENCY AGREEMENTFiscal Agency Agreement • November 7th, 2003 • Financement Quebec • Finance services
WHEREAS pursuant to an underwriting agreement (the "Underwriting Agreement"), dated [ ], among the Issuer, the Guarantor and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse First Boston LLC, CIBC World Markets Corp., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Putnam Lovell NBF Securities Inc., RBC Dominion Securities Corporation and Scotia Capital (USA) Inc., the Issuer has agreed to create, issue and sell U.S.$ [ ] of [ ]% [ ] Series [ ] Due [ ] (the "Securities") guaranteed unconditionally by the Guarantor as to payment of principal [, premium] and interest [and any Additional Amounts (as defined below)] (the "Guarantee");
