Document:

Exhibit 10.10

 

INVESTMENT AGREEMENT

 

This Investment Agreement
(this “Agreement”), dated as of March __, 2022, is by and among (i) Monterey Capital Acquisition Corporation,
a Delaware Corporation (the “SPAC”), (ii) Monterrey Acquisition Sponsor, LLC, a Delaware limited liability company,
(the “Sponsor”), and (iii) [●] (the “Investor”).

 

WHEREAS,
in connection with the initial public offering (the “IPO”) of units of the SPAC, the Investor has expressed an interest
in acquiring up to 990,000 units in the IPO (with each such unit comprised of one Class A common stock, par value $0.0001 per share,
of the SPAC (“Class A common stock”), one redeemable warrant entitling the holder thereof to purchase on share
of our Class A common stock (the “Warrants”), and one right to receive one-tenth (1/10) of one share of Class A
common stock upon consummation of SPAC’s initial business combination (the “Rights”), which shall not exceed
9.9% of the number of such units and/or the number of Class A Common stock underlying the units to be offered (excluding the over-allotment
option) (the “IPO Indication”), at a price of $10.00 per unit.

 

WHEREAS,
the parties wish to enter into this Agreement pursuant to which the Investor will purchase from the Sponsor Class B common stock,
par value $0.0001 per share, of the SPAC (the “Founder Shares”), which are convertible into Class A Common stock
pursuant to the terms set out in the Registration Statement (as defined herein), for the same value paid by the Sponsor, or approximately
$0.009 per Founder Share.

 

NOW,
THEREFORE, the parties hereby agree as follows:

 

		1.	Sale and Purchase.

 

		(a)	In connection with the IPO Indication, and subject to the satisfaction of the conditions set forth in Section 1(c),
the Sponsor hereby agrees to sell to the Investor 75,000 Founder Shares (such shares, the “Transferred Shares”) for
an aggregate purchase price of $675 ($0.009 per share) (the “Transfer Price”) on the date of the closing of the IPO,
and the Investor hereby agrees to purchase the Transferred Shares (the “Transfer”). Concurrently with the Transfer, in consideration
for the transfer of the Transferred Shares, the Investor shall pay the Transfer Price to the Sponsor in immediately available funds to
an account designated by the Sponsor in writing at least two Business Days prior to the Transfer.

 

		(b)	Notwithstanding anything to the contrary herein, the Investor (and its affiliates or any other persons
with which it is acting in concert) shall not be entitled to convert (or cause to be converted) the Transferred Shares to Class A
Common stock, from and after the date of this Agreement, without the prior written consent of SPAC, to the extent such conversion would
result in such Investor becoming, directly or indirectly, the beneficial owner of more than 9.99% of the Class A Common stock for
the purposes of beneficial ownership under the Securities Exchange Act of 1934, as amended. Notwithstanding the foregoing, this Section 1(b) shall
not be applicable (and no prior written consent shall be required by the SPAC) in connection with conversions of the Transferred Shares
by the Investor that would not result in the Investor becoming the beneficial owner of more than 9.99% of the Class A Common stock.

 

		(c)	Subject to (i) the fulfillment by the Investor (but only to the extent actually allocated to the
Investor by the underwriters) of the IPO Indication (which shall include the acquisition of 100% of the units of the SPAC allocated to
the Investor by the underwriters in the IPO, which number of allocated units shall not be greater than 9.9% of the units offered in the
IPO (exclusive of any units that may be issued pursuant to the underwriters’ over-allotment option) or greater than the IPO Indication)
and (ii) the Investor’s payment of the Transfer Price as contemplated by Section 1(a) of this Agreement,
the Transfer shall occur and be effective upon the closing of the IPO, automatically and without any action of any other party hereto.
The parties intend that the purchase of the Transferred Shares contemplated by this Agreement be treated as a taxable sale and purchase
of the Transferred Shares that is governed by Section 1001 of the Internal Revenue Code of 1986, as amended, and agree not to take
any tax reporting position inconsistent with this agreed tax treatment. In the event the Investor is provided with an opportunity to participate
in an overallotment exercise or purchase more than 990,000 units in the IPO (9.9% of 10,000,000 units), it shall first be provided with
the opportunity to purchase additional Transferred Shares in a manner proportional to any increase above 990,000 units at $0.009 per additional
Transferred Share. The Transferred Shares shall not be reduced should the Investor be allocated less than the IPO Indication.

 

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		(d)	Notwithstanding anything to the contrary herein, the number of Transferred Shares shall not be subject
to share price or other vesting triggers, claw-back, cut-back, reduction, mandatory repurchase, redemption or forfeiture for any reason,
including but not limited to (i) transfer by the Investor of the Founder Shares to any person, (ii) downsizing of the IPO, (iii) failure
of the underwriters to exercise their overallotment option in whole or in part, (iv) concessions or “earn-out” triggers
made by the Sponsor or any other holder of Founder Shares in connection with the negotiation of a Business Combination (as defined below)
or otherwise, or (v) any other event or modification, without the Investor’s prior written consent.

 

		(e)	The obligations of the Investor
hereunder are subject to there being no material change in the pricing of the IPO or in the structure, terms and conditions in the capital
structure of the SPAC from those set forth in the Registration Statement on Form S-1 filed with the United States Securities
and Exchange Commission on [_____], 2022, as amended from time to time (the “Registration Statement”).

 

		(f)	In the event the IPO does not close by [_____], 2022, this Agreement shall terminate and be of no further
force and effect unless agreed in writing by the parties hereto.

 

		2.	Representations and Warranties of the SPAC. The SPAC hereby represents and warrants to the Investor,
as of the date hereof and as of the closing date of the IPO, as follows:

 

		(a)	The SPAC is duly organized and in good standing under the laws of the State of Delaware and has full power
and authority to carry on its business as presently conducted and as proposed to be conducted and execute and deliver this Agreement,
to perform its obligations hereunder and to consummate the transactions contemplated hereby.

 

		(b)	This Agreement has been duly and validly executed and delivered by the SPAC and constitutes a legal, valid
and binding obligation of the SPAC enforceable against the SPAC in accordance with its terms.

 

		(c)	The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby
and the performance of its obligations hereunder will not conflict with, or result in any material violation of or default under, the
SPAC’s organizational documents, any agreement or other instrument to which the SPAC is a party or by which the SPAC is bound, or
any decree, order, statute, rule or regulation applicable to the SPAC or the Transferred Shares.

 

		(d)	None of the information conveyed to the Investor in connection with the transactions contemplated by the
Agreement will constitute material non-public information of the SPAC upon the effectiveness of the Registration Statement.

 

		(e)	No governmental, administrative or other third-party consents or approvals are required by or with respect
to the SPAC in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

 

		(f)	All information contained in the questionnaires (“Questionnaires”) completed by each
of the SPAC’s officers and directors and the Sponsor (collectively, the “Insiders”) and provided to the underwriters
and their counsel and the biographies of the Insiders contained in the Registration Statement and prospectus (to the extent a biography
is contained) is true and correct and the SPAC has not become aware of any information which would cause the information disclosed in
the Questionnaires completed by each Insider to become inaccurate, incorrect or incomplete. There is no action, suit, proceeding, inquiry,
arbitration, investigation, litigation or governmental proceeding pending, or to the SPAC’s knowledge, assuming reasonable inquiry,
threatened against or involving the SPAC or, to the SPAC’s knowledge, assuming reasonable inquiry, any Insider or any stockholder
or member of an Insider that has not been disclosed, that is required to be disclosed, in the Registration Statement, the prospectus or
the Questionnaires.

 

		(g)	The Founder Shares, when issued to the Sponsor, were validly issued, fully paid and non-assessable, free
and clear of all liens or other restrictions (other than those arising under applicable securities laws or as otherwise disclosed in the
Registration Statement) and were not issued in violation of, or subject to, any preemptive or similar rights.

 

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		3.	Representations and Warranties of the Sponsor. The Sponsor hereby represents and warrants and covenants
to the Investor, as of the date hereof and as of the closing date of the IPO, as follows:

 

		(a)	The Sponsor is duly formed and validly existing as a limited liability company in good standing under
the laws of the State of Delaware and has full power and authority to execute and deliver this Agreement, to perform its obligations hereunder
and to consummate the transactions contemplated hereby.

 

		(b)	This Agreement has been duly and validly executed and delivered by the Sponsor and constitutes a legal,
valid and binding obligation of the Sponsor enforceable against the Sponsor in accordance with its terms.

 

		(c)	The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby
and the performance of its obligations hereunder will not conflict with, or result in any material violation of or default under, any
of the Sponsor’s organizational documents or any agreement or other instrument applicable to the Transferred Shares or to which
the Sponsor is a party or by which the Sponsor is bound, or any decree, order, statute, rule or regulation applicable to the Sponsor
or the Transferred Shares.

 

		(d)	No governmental, administrative or other third-party consents or approvals are required by or with respect
to the Sponsor in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

 

		(e)	The terms, rights and conditions set forth in this Agreement are as favorable to the Investor as the terms,
rights and conditions granted to all other investors in connection with expressing an interest in the IPO or otherwise acquiring Founder
Shares in connection with the IPO (each such other investor, an “Anchor Investor”), provided that the Investor acknowledges
that Founders Shares have been offered to the Sponsor and to executive officers, advisors, directors and director nominees of the SPAC
in connection with their service and the Sponsor expressly reserves the right to issue membership interests in the Sponsor in its sole
discretion. In the case that another Anchor Investor is afforded more favorable terms than the Investor, the Sponsor shall promptly notify
the Investor of such more favorable terms, and the Investor shall have the right to elect to have such more favorable terms, so as to
be on the same terms, in which case the parties hereto shall promptly amend this Agreement to effect the same. For the avoidance of doubt,
if any other Anchor Investor has an ability to purchase proportionately more Founder Shares relative to its expression of interest in
the IPO than the Investor as set forth herein, then such other Anchor Investor shall be considered to have more favorable terms than the
Investor.

 

		(f)	The Sponsor is the beneficial owner of the Transferred Shares. Except as described in this Agreement or
in the Registration Statement, there is no agreement, arrangement or understanding with any other person regarding the sale or transfer
of the Transferred Shares. Upon transfer of the Transferred Shares to the Investor in accordance with the terms hereof against payment
of the Transfer Price, the Investor will acquire ownership of the Transferred Shares, free and clear of all liens, pledges, security interests,
claims, options, proxies, voting agreements, charges or encumbrances of any kind affecting the Transferred Shares, other than any restrictions
on transfer that may be imposed by applicable securities laws. The sale by the Sponsor of the Founder Shares to the Investor will not
result in a violation of Section 5 under the Securities Act of 1933, as amended (the “Securities Act”).

 

		4.	Representations and Warranties of the Investor. The Investor hereby represents and warrants to
the SPAC and the Sponsor, as follows:

 

		(a)	The Investor has full power and authority to execute and deliver this Agreement and to perform its obligations
hereunder.

 

		(b)	This Agreement has been duly and validly executed and delivered by the Investor and constitutes a legal,
valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms.

 

		(c)	The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby
and the performance of its obligations hereunder will not materially conflict with, or result in any material violation of or default
under, any of the Investor’s organizational documents, any agreement or other instrument to which the Investor is a party or by
which the Investor is bound, or any decree, order, statute, rule or regulation applicable to the Investor.

 

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		(d)	The Investor is (i) a “qualified institution buyer” as that term is defined under Rule 144A
of the Securities Act or (ii) an “accredited investor” as that term is defined in Regulation D under the Securities Act.

 

		5.	Additional Agreements and Acknowledgements of the Parties.

 

		(a)	The Investor acknowledges that the SPAC was formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (a “Business
Combination”). The Investor agrees with the SPAC that if the SPAC seeks shareholder approval of a proposed Business Combination,
then in connection with such proposed Business Combination, the Investor shall (i) vote all Founder Shares in favor of such proposed
Business Combination and (ii) not redeem any of such Founder Shares owned by it, in connection with such stockholder approval. Notwithstanding
the foregoing, nothing shall prevent the Investor from exercising its redemption rights and receiving distributions from the Trust Account
for any Class A Common stock it acquires in the IPO (including the IPO Indication) or in the open market in accordance with the terms
and conditions applicable to the Class A Common stock and the IPO described in the Registration Statement. Without written consent
of the SPAC, the Investor agrees with the SPAC not to transfer, assign or sell any Transferred Shares or the Class A Common stock,
issuable upon conversion of the Transferred Shares held by it, until the earlier to occur of: (A) six months after the completion
of a Business Combination and (B) subsequent to a Business Combination, (x) if the reported last sale price of the Class A
Common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and
the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Business Combination, or (y) the
date on which the SPAC completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of its
stockholders having the right to exchange their common stock for cash, securities or other property; provided however, that
the Investor shall be permitted to transfer, assign or sell all or a portion of the Transferred Shares to an affiliate of the Investor.
The Transferred Shares directly or indirectly owned by the Investor will not be subject to additional lock-ups than detailed in this Section 5(a) or
the Registration Statement. In addition, neither Sponsor nor any other holder of Founder Shares are being afforded more favorable lockup
terms than those detailed in this Section 5(a), and if the Sponsor or any other holder of Founder Shares is given an early release
or favorable modification of such lockup terms, whether in connection with the IPO, a proposed Business Combination or otherwise, the
parties hereto agree that the Investor will receive the same treatment. For the avoidance of doubt, this Section 5 shall not restrict
the Investor from transferring, assigning, redeeming or selling any Class A Common stock, warrants, rights or units acquired in the
IPO or in the open market.

 

		(b)	Following the expiration of the transfer restrictions set forth in Section 5(a), if the Transferred
Shares are eligible to be sold without restriction under, and without the SPAC being in compliance with the current public information
requirements of, Rule 144 under the Securities Act, or if they have been registered for resale under the Securities Act, the SPAC
will use its commercially reasonable efforts to cause the SPAC’s transfer agent to remove any legend(s) to which the Transferred
Shares are subject, subject to compliance by the Investor with the reasonable and customary procedures for such removal required by the
SPAC or its transfer agent. In connection therewith, if required by the SPAC’s transfer agent, the SPAC will promptly cause an opinion
of counsel to the SPAC to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates
and directions required by the transfer agent that authorize and direct the transfer agent to issue such Transferred Shares without any
such legend(s).

 

		(c)	The Investor acknowledges that it is aware the SPAC will establish a trust account (the “Trust
Account”) for the benefit of its public shareholders upon the closing of the IPO. The Investor agrees with the SPAC that it
has no right, title, interest or claim of any kind in or to any monies held in the Trust Account as a result of any liquidation of the
SPAC with respect to the monies held in the Transferred Shares; provided that nothing herein shall limit the Investor’s
rights with respect to the monies held in the Trust Account or any claims thereon in respect of Class A Common stock purchased by
the Investor in the IPO or in the open market. With respect to the Transferred Shares, the waiver of claims on the monies held in the
Trust Account shall only apply to a liquidation of the Company prior to the consummation of its initial Business Combination, and not
thereafter. Notwithstanding anything to the contrary contained in this Section 5(c) or otherwise (i) nothing shall prevent
the Investor from redeeming any Class A Common stock (including shares included in units) it purchases in the IPO or in the open
market following the IPO (collectively, the “Purchased Public Unit Amount”) and (ii) the Investor does not waive
any right title, interest or claim against the Trust Account (including any distributions therefrom) arising as a result of, in connection
with or relating in any way to its purchase or ownership of the Purchased Public Unit Amount (including the IPO Indication and the Class A
Common stock and rights included therein and the Class A Common stock issuable upon exercise of such rights) or any other security
of the SPAC acquired in the open market (“Reserved Claims”) and is not prohibited from seeking recourse against the
Trust Account with respect to any Reserved Claims.

 

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		(d)	In connection with the IPO, the SPAC shall enter into a registration rights agreement (the “Registration
Rights Agreement”) in a form to be agreed by the Sponsor, the Investor and certain other parties thereto and filed as an exhibit
to the SPAC’s Registration Statement. The Registration Rights Agreement shall provide the Investor with registration rights with
respect to the Transferred Shares that are no less favorable to the Investor than the registration rights of the Sponsor set forth therein.
The Investor’s rights under the Registration Rights Agreement may not be subsequently terminated, amended, revised or otherwise
modified without the Investor’s prior written consent.

 

		(e)	The SPAC shall use commercially reasonable efforts to provide to the Investor such information as it (or
its direct or indirect owners) may reasonably require to timely file and maintain a “qualified electing fund” election with
respect to the SPAC.

 

		6.	Miscellaneous.

 

		(a)	Any notice or communication under this Agreement shall be in writing and given by (i) deposit in
the United States mail, addressed to the party to be notified, postage prepaid and registered or certified with return receipt requested,
(ii) recognized courier or overnight delivery service providing evidence of delivery, or (iii) transmission by hand delivery,
electronic mail or facsimile, if to the SPAC or the Sponsor, to: 419 Webster Street, Monterey, CA 93940, Attention: Bala Padmakumar, e-mail:
bala@padmakumar.com; and, if to the Investor, at the Investor’s address or contact information as set forth on the signature page attached
hereto.

 

		(b)	This Agreement shall be governed by the internal laws (and not the law of conflicts) of the State of New
York. ANY AND ALL SUITS, LEGAL ACTIONS OR PROCEEDINGS ARISING OUT OF THIS AGREEMENT SHALL BE BROUGHT SOLELY IN A FEDERAL OR STATE COURT
IN THE BORROUGH OF MANHATTAN, NEW YORK, NEW YORK, AND EACH PARTY HEREBY SUBMITS TO AND ACCEPTS THE EXCLUSIVE JURISDICTION OF ANY SUCH
COURT FOR THE PURPOSE OF SUCH SUITS, LEGAL ACTIONS OR PROCEEDINGS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL
BY JURY IN ANY SUIT, ACTION OR OTHER PROCEEDING INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF ITS OBLIGATIONS HEREUNDER OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

 

		(c)	This Agreement may not be amended or modified without the prior written consent of the parties hereto.
No wavier of any provision of this Agreement shall be effective unless delivered in writing, signed by the waiving party.

 

		(d)	The term "affiliate" or "affiliates" as used herein shall have the meaning ascribed
to such term in Rule 144 promulgated under the Securities Act.

 

		(e)	The parties hereto agree that irreparable damage may occur in the event any provision of this Agreement
was not performed in accordance with the terms hereof and that the parties shall be entitled to seek specific performance of the terms
hereof, in addition to any other remedy at law or equity or otherwise.

 

		(f)	The rights and obligations under this Agreement may not be assigned by any party hereto without the prior
written consent of the other parties. Notwithstanding the foregoing, the Investor may assign its rights and obligations under this Agreement
to one or more of its affiliates, to other investment funds or accounts managed or advised by the investment manager who acts on behalf
of the Investor or by an affiliate of such investment manager.

 

		(g)	From time to time, at the reasonable request of any of the other parties hereto, each party hereto shall
execute and deliver such additional documents and instruments and take such further lawful action as may be reasonably necessary to consummate
and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement.

 

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		(h)	Any term or provision of this Agreement which is invalid or unenforceable shall be ineffective to the
extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining rights of the person intended to
be benefited by such provision or any other provisions of this Agreement.

 

		(i)	This Agreement may be executed in two or more counterparts, each of which shall constitute an original,
and all of which taken together shall constitute one and the same instrument. Any signature page delivered by a facsimile machine
or electronic mail shall be binding to the same extent as an original signature page.

 

		(j)	No person or entity that is not a party hereto shall have any rights or obligations pursuant to this Agreement.
Notwithstanding anything to the contrary in this Agreement, Section 5(a), Section 5(b) and Section 5(c) shall
only be enforceable against the Investor by the SPAC on its own behalf. For the avoidance of doubt and in accordance with their terms,
Section 5(a), Section 5(b) and Section 5(c) are not enforceable by the Sponsor.

 

		(k)	Except as may be required by law, regulation or applicable stock exchange listing requirements or judicial
or administrative order, each of the Sponsor and the SPAC hereby agrees not to disclose (orally or in writing or by any other means) the
name or identity of the Investor or any of the Investor’s affiliates that purchase Transferred Shares or any unit in the IPO (or
any other related identifying information), nor identify the Investor or any of the Investor’s affiliates as an investor in the
SPAC (including, without limitation, to any potential investors in the Sponsor or the SPAC or any potential Business Combination target),
in each case without the prior written consent of the Investor (which consent shall not be unreasonably withheld or delayed), subject
in any such case to the Investor’s right to review such disclosure of the Investor’s name and the SPAC’s and the Sponsor’s
obligation to incorporate the Investor’s reasonable comments thereto.

 

		(l)	Except as may be required by law, regulation or applicable stock exchange listing requirements or judicial
or administrative order, unless and until the transactions contemplated hereby and the terms hereof have been publicly announced or otherwise
publicly disclosed by the Sponsor, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms of
this Agreement provided, for the avoidance of doubt, that any and all such disclosures shall remain subject to the terms hereof,
including Section 6(k). Notwithstanding the foregoing, the Investor shall be permitted to disclose any information to its affiliates
and to its and their control persons, officers, directors, employees, advisors, direct or indirect owners, partners, agents and representatives,
in each case so long as such person or entity has been advised of its obligation to comply with the confidentiality provisions hereunder,
provided, the Investor shall be liable for any breach of such confidentiality obligations by any such person or entity.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of the date first written above.

 

	 	INVESTOR:
	 	 
	 	 
	 	By:	            
	 	Name:
	 	Title:
	 	 
	 	 

	 	Address:
	 	 
	 	 
	 	Phone:
	 	 
	 	 
	 	Email:
	 	 
	 	 

	 	Monterey capital acquisition corporation
	 	 	 
	 	 	 
	 	By:	               
	 	Name: Bala Padmakumar
	 	Title: Chief Executive Officer
	 	 	 
	 	 	 
	 	MONTERREY ACQUISITION SPONSOR, LLC
	 	 	 
	 	 	 
	 	By:	 
	 	Name: Bala Padmakumar
	 	Title: Manager

 

[Signature Page to Investor Agreement]Document

Exhibit 10.2

FORM OF RESTRICTED UNIT AWARD AGREEMENT

under the

NEXTERA ENERGY PARTNERS, LP 2014 LONG TERM INCENTIVE PLAN
This Restricted Unit Award Agreement (“Agreement”), between NextEra Energy Partners, LP (hereinafter called the “Company”) and #ParticipantName+C# (hereinafter called the “Grantee”) is dated #GrantDate#.  All capitalized terms used in this Agreement which are not defined herein shall have the meanings ascribed to such terms in the NextEra Energy Partners, LP 2014 Long Term Incentive Plan, as amended from time to time (the “Plan”).
1.    Grant of Restricted Unit Award. The Company hereby grants to the Grantee #QuantityGranted# common units, which units (the “Awarded Units”) shall be subject to the restrictions set forth in sections 2, 3 and 4 hereof, as well as all other terms and conditions set forth in this Agreement and in the Plan.  The par value of the Awarded Units shall be deemed paid by the promise by the Grantee to perform future Service to the Company or an Affiliate.  Subject to the terms of section 3(d) hereof, the Grantee shall have the right to receive distributions on the Awarded Units as and when paid.
2.    Vesting–Restrictions and Limitations. (a) Subject to the limitations and other terms and conditions set forth in this Agreement and in the Plan, the Awarded Units shall vest, the Company shall remove all restrictions from the Awarded Units and the Grantee shall obtain unrestricted ownership of the Awarded Units in accordance with the schedule set forth below:  
–#VestQty1# units on the later to occur of (i) #VestDate1#, or (ii) the date on which the Committee makes the certification described in section 2(b)(i) hereof (the “First Vest”);
–#VestQty2# units on the later to occur of (i) #VestDate2#, or (ii) the date on which the Committee makes the certification described in section 2(b)(ii) hereof (the “Second Vest”); and
–#VestQty3# units on the later to occur of (i) #VestDate3#, or (ii) the date on which the Committee makes the certification described in section 2(b)(iii) hereof (the “Final Vest”).

The period from the Grant Date of any Awarded Units through the date immediately preceding the date on which such Awarded Units vest shall, with respect to such Awarded Units, be hereinafter referred to as the “Restricted Period.”
 (b)    Notwithstanding the provisions of section 2(a) hereof, 
(i)    The First Vest (#VestDate1#) shall be conditioned on, subject to and shall not occur until certification by the Committee (by resolution or in such other manner as the Committee deems appropriate) that the performance target established by the Committee for purposes of this Agreement (such performance target being hereinafter referred to as the “Performance Target”), for {{GRANTYR}} has been achieved.  If the Committee does not or cannot certify that the Performance Target has been achieved by December 31, {{1YRAFTERGRANT}}, then the Grantee shall forfeit the right to the Awarded Units subject to the First Vest, and such Awarded Units shall be cancelled.
(ii)    The Second Vest (#VestDate2#) shall be conditioned on, subject to and shall not occur until certification by the Committee (by resolution or in such other manner as the Committee deems appropriate) that the Performance Target for 

 

{{1YRAFTERGRANT}}, has been achieved.  If the Committee does not or cannot certify that the Performance Target has been achieved by December 31, {{2YRSAFTERGRANT}}, then the Grantee shall forfeit the right to the Awarded Units subject to the Second Vest, and such Awarded Units shall be cancelled.
(iii)    The Final Vest (#VestDate3#) shall be conditioned on, subject to and shall not occur until certification by the Committee (by resolution or in such other manner as the Committee deems appropriate) that the Performance Target for {{2YRSAFTERGRANT}}, has been achieved.  If the Committee does not or cannot certify that the Performance Target has been achieved by December 31, {{3YRSAFTERGRANT}}, then the Grantee shall forfeit the right to the Awarded Units subject to the Final Vest, and such Awarded Units shall be cancelled.
(c)    Notwithstanding the provisions of sections 2(a), 2(b) and 4 hereof or any other provision of this Agreement or the Plan, if (i) the Grantee is a party to an Executive Retention Employment Agreement with NextEra Energy, Inc. (the “Corporation”) (as amended from time to time, “Retention Agreement”) and has not waived his or her rights, either entirely or in pertinent part, under such Retention Agreement, and (ii) the Effective Date (as defined in the Retention Agreement) has occurred and the Employment Period (as defined in the Retention Agreement) has commenced and has not terminated pursuant to section 3(b) of the Retention Agreement then, the Awarded Units shall vest upon or in connection with a Change of Control (as defined in the Retention Agreement) as provided in, and subject to the terms and conditions of, the Retention Agreement. 
(d)    Notwithstanding the provisions of sections 2(a), 2(b) and 4 hereof or any other provision of this Agreement or the Plan, if (i) the Grantee is not a party to a Retention Agreement with the Company, and (ii) prior to the second anniversary of a Change in Control (as defined, as of the date hereof, in the Plan or as defined in the 2021 Long-Term Incentive Plan of the Corporation (in either case, a “Change in Control”)), the Grantee’s Service is involuntarily terminated other than for Cause or Disability, then-unvested Awarded Units shall vest upon such termination. 
(e)    If as a result of a Change of Control (as defined in the Retention Agreement) or Change in Control, as applicable, the common units are exchanged for or converted into a different form of equity security and/or the right to receive other property (including cash), payment in respect of the Awarded Units shall, to the maximum extent practicable, be made in the same form.
3.    Terms and Conditions.  The Awarded Units shall be registered in the name of the Grantee effective on the Grant Date.  The Company shall issue the Awarded Units either (i) in certificated form, subject to a restrictive legend substantially in the form attached hereto as Exhibit “A” and stop transfer instructions to its transfer agent, and shall provide for retention of custody of the Awarded Units prior to vesting and/or (ii) in the form of a book-entry or direct registration, subject to restrictions and instructions of like effect.  Prior to vesting (and if the Awarded Units have not theretofore been forfeited in accordance herewith), the Grantee shall have the right to enjoy all unitholder rights (including without limitation the right to receive distributions (subject to forfeiture as more fully set forth below) and to vote the Awarded Units at all meetings of the unitholders of the Company at which unitholders have the right to vote) with the exception that:
(a)    The Grantee shall not be entitled to delivery of Awarded Units until vesting.
(b)    The Grantee may not sell, transfer, assign, pledge or otherwise encumber or dispose of the Awarded Units prior to vesting thereof.
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(c)    In addition to the provisions set forth in section 4 hereof, a breach by the Grantee of the terms and conditions set forth in this Agreement shall result in the immediate forfeiture of all then unvested Awarded Units.
(d)    Notwithstanding anything herein to the contrary, if all or a portion of the Awarded Units do not vest, whether upon the termination of the Grantee’s Service (including without limitation Service to any successors to the Company or an Affiliate), or otherwise (including without limitation if the Company fails to meet one or more Performance Targets established as described in section 2(b) hereof or if the Grantee breaches any provision hereof, including without limitation the provisions of section 9 hereof), all distributions paid to the Grantee on Awarded Units which have not vested (and which shall not thereafter vest in accordance with section 4 hereof) shall be forfeited, and shall be repaid to the Company within thirty (30) days after the date on which the Grantee’s obligation to repay such distributions accrues.  For purposes hereof, such obligation to repay such distributions shall accrue (1) on such date as the Committee establishes that a Performance Target has not been met, as to all distributions paid on Awarded Units which are forfeited due to failure to meet such Performance Target; (2) on the date of termination of Service, as to all distributions paid on Awarded Units which are forfeited upon such termination of Service; and (3) upon forfeiture of unvested Awarded Units upon a breach by the Grantee of the terms and conditions set forth in this Agreement (including without limitation any such forfeiture occurring after termination of Service). 
4.    Termination of Service.  Except as otherwise set forth herein, with respect to any Awarded Units, the Grantee must remain in continuous Service (including to any successors to the Company or an Affiliate) from the effective date of this Agreement through the relevant vesting date for such Awarded Units as set forth in (or determined in accordance with) section 2 hereof in order for such Awarded Units to vest and in order to retain the distributions paid prior to vesting with respect to such Awarded Units.  Except as otherwise set forth (a) herein, (b) in the Plan in connection with a Change in Control if the Grantee is not a party to a Retention Agreement, or (c) in a Retention Agreement to which the Grantee is a party in connection with a Change of Control (as defined in such Retention Agreement), in the event that the Grantee’s Service (including to any successors to the Company or an Affiliate) terminates for any reason (or converts to inactive status in the manner specified in Section 4(b) hereof) prior to vesting, his or her rights hereunder shall be determined as follows:
(a)    If the Grantee’s termination of Service is due to resignation, discharge, or retirement prior to age 55 and does not meet the condition set forth in section 4(d) hereof, all rights to Awarded Units not theretofore vested (including without limitation rights to distributions not theretofore paid and rights to retain distributions on Awarded Units which have not theretofore vested, as more fully set forth in section 3(d) hereof) under this Agreement shall be immediately forfeited.  Forfeited distributions shall be repaid to the Company within thirty (30) days after the Grantee’s termination of Service.
(b)     If the Grantee’s termination of Service is due to Disability or death, or if the Grantee converts to inactive employee status on account of a determination of such Grantee’s total and permanent Disability under any long-term disability plan of the Company or an Affiliate (a “Disability Plan”), the then-unvested portion of the Awarded Units shall vest (1) in the case of the Grantee’s Disability, on the vesting schedule and otherwise in accordance with the terms and conditions (including without limitation satisfaction of the applicable Performance Targets) set forth in section 2 hereof, notwithstanding that the 
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Grantee’s Service shall have previously terminated or the Grantee has converted to inactive employee status on account of Disability under any Disability Plan, and (2) in the case of the Grantee’s death, upon such termination of Service (treating the applicable Performance Targets in section 2 hereof as having been achieved).
(c)    If the Grantee’s termination of Service is due to retirement on or after age 55 after completing at least ten years of continuous Service with the Company and does not meet the condition set forth in section 4(d) hereof, a pro rata unit of the then-unvested portion of the Awarded Units (determined as follows: (A) with respect to any unvested Awarded Units included in the First Vest, the product of (x) the quotient (which shall not exceed 1.0) of (I) the total number of full days of the Grantee’s Service completed during the Restricted Period divided by (II) 365, multiplied by (y) such unvested portion of the Awarded Units, and rounded to the nearest common unit; (B) with respect to any unvested Awarded Units included in the Second Vest, the product of (x) the quotient (which shall not exceed 1.0) of (I) the total number of full days of the Grantee’s Service completed during the Restricted Period divided by (II) 730, multiplied by (y) such unvested portion of the Awarded Units, and rounded to the nearest common unit; and (C) with respect to any unvested Awarded Units included in the Final Vest, the product of (x) the quotient (which shall not exceed 1.0) of (I) the total number of full days of the Grantee’s Service completed during the Restricted Period divided by (II) 1,095, multiplied by (y) such unvested portion of the Awarded Units, and rounded to the nearest common unit) shall vest on the vesting schedule and otherwise in accordance with the terms and conditions (including without limitation satisfaction of the applicable Performance Targets) set forth in section 2 hereof, notwithstanding that the Grantee’s Service shall have previously terminated.  For purposes of this section 4(c), 0.5 of a common unit shall be rounded up to the nearest unit.  Notwithstanding the foregoing, if, after termination of Service but prior to vesting of all or any portion of the Awarded Units, the Grantee breaches any provision hereof, including without limitation the provisions of section 9 hereof, the Grantee shall immediately forfeit all rights to the then-unvested Awarded Units and any distributions theretofore paid on such then-unvested Awarded Units. Forfeited distributions shall be repaid to the Company within thirty (30) days after the date on which the Grantee’s obligation to repay such distributions accrues. Notwithstanding the foregoing, any then-unvested Awarded Units shall not vest if the Company’s chief executive officer, or chief executive officer’s delegate, objectively determines that the Grantee’s retirement is detrimental to the Company.
(d)    If the Grantee’s termination of Service is due to retirement on or after age 50, and if, but only if, such retirement is evidenced by a writing which specifically acknowledges that this provision shall apply to such retirement and is executed by the Company’s chief executive officer (or, if the Grantee is an executive officer, by a member of the Committee or the chief executive officer at the direction of the Committee, other than with respect to himself), the then-unvested portion of the Awarded Units shall vest on the vesting schedule and otherwise in accordance with the terms and conditions (including without limitation satisfaction of the applicable Performance Targets) set forth in section 2 hereof, notwithstanding that the Grantee’s Service shall have previously terminated.  Notwithstanding the foregoing, if, after termination of Service but prior to vesting of all or a portion of the Awarded Units, the Grantee breaches any provision hereof, including without limitation the provisions of section 9 hereof, the Grantee shall immediately forfeit all rights to the then-unvested 
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Awarded Units and any distributions theretofore paid on such then-unvested Awarded Units.  Forfeited distributions shall be repaid to the Company within thirty (30) days after the date on which the Grantee’s obligation to repay such distributions accrues.
(e)    If the Grantee's Service is terminated prior to vesting of all or a portion of the Awarded Units for any reason other than as set forth in sections 4(a), (b), (c), and (d) hereof, or if an ambiguity exists as to the interpretation of those sections, the Committee shall determine whether the Grantee's then-unvested Awarded Units shall be forfeited or whether the Grantee shall be entitled to full vesting or pro rata vesting as set forth above based upon completed days of service during the Restricted Period, and any Awarded Units which may vest shall do so on the vesting schedule and otherwise in accordance with the terms and conditions (including without limitation satisfaction of the applicable Performance Targets) set forth in section 2 hereof, notwithstanding that the Grantee’s Service shall have previously terminated.  Notwithstanding the foregoing, if, after termination of Service but prior to vesting of all or a portion of the Awarded Units, the Grantee breaches any provision hereof, including without limitation the provisions of section 9 hereof, the Grantee shall immediately forfeit all rights to the then-unvested Awarded Units and any distributions theretofore paid on such then-unvested Awarded Units.  Forfeited distributions shall be repaid to the Company within thirty (30) days after the date on which the Grantee’s obligation to repay such distributions accrues.
(f)    As a condition to this Restricted Unit Award, the Grantee hereby consents to the deduction from the Grantee’s final paycheck of an amount necessary to satisfy any obligation to repay forfeited distributions arising pursuant to this Section 4.
5.    Income Taxes.  The Grantee shall notify the Company immediately of any election made with respect to this Agreement under Section 83(b) of the Internal Revenue Code of 1986, as amended.  Upon vesting and delivery of Awarded Units to the Grantee, the Company shall have the right to withhold from any such distribution, in order to meet the Company’s obligations for the payment of withholding taxes, common units with a Fair Market Value equal to the minimum statutory withholding for taxes (including federal and state income taxes and payroll taxes applicable to the supplemental taxable income relating to such distribution) and any other tax liabilities for which the Company has an obligation relating to such distribution. 
6.    Nonassignability.  The Grantee's rights and interest in the Awarded Units may not be sold, transferred, assigned, pledged, exchanged, hypothecated or otherwise disposed of prior to vesting except by will or the laws of descent and distribution.
7.    Effect Upon Employment.  This Agreement is not to be construed as giving any right to the Grantee for continuous employment by the Company or a Subsidiary or other Affiliate.  The Company and its Subsidiaries and other Affiliates retain the right to terminate the Grantee at will and with or without cause at any time (subject to any rights the Grantee may have under the Grantee’s Retention Agreement).
8.    Successors and Assigns.  This Agreement shall inure to the benefit of and shall be binding upon the Company and the Grantee and their respective heirs, successors and assigns.
9.    Protective Covenants.  In consideration of the Awarded Units granted under this Agreement, the Grantee covenants and agrees as follows: (the “Protective Covenants”):
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(a)During the Grantee's Service with the Company, and for a two-year period following the termination of the Grantee's Service with the Company, the Grantee agrees not to (i) compete or attempt to compete for, or act as a broker or otherwise participate in, any projects in which the Company has at any time done any work or undertaken any development efforts, or (ii) directly or indirectly solicit any of the Company’s customers, vendors, contractors, agents, or any other parties with which the Company has an existing or prospective business relationship, for the benefit of the Grantee or for the benefit of any third party, nor shall the Grantee accept consideration or negotiate or enter into agreements with such parties for the benefit of the Grantee or any third party.
(b)During the Grantee's Service with the Company, and for a two-year period following the termination of the Grantee's Service with the Company, the Grantee shall not, directly or indirectly, on behalf of the Grantee or for any other business, person or entity, entice, induce or solicit or attempt to entice, induce or solicit any employee of the Company or its Subsidiaries or other Affiliates to leave the Company's employ (or the employ of such Subsidiary or other Affiliate) or to hire or to cause any employee of the Company to become employed for any reason whatsoever.
(c)The Grantee shall not, at any time or in any way, disparage the Company or its current or former officers, directors, and employees, orally or in writing, or make any statements that may be derogatory or detrimental to the Company’s good name or business reputation.  
(d)The Grantee acknowledges that the Company would not have an adequate remedy at law for monetary damages if the Grantee breaches these Protective Covenants.  Therefore, in addition to all remedies to which the Company may be entitled for a breach or threatened breach of these Protective Covenants, including but not limited to monetary damages, the Company shall be entitled to specific enforcement of these Protective Covenants and to injunctive or other equitable relief as a remedy for a breach or threatened breach.  In addition, upon any breach of these Protective Covenants or any separate confidentiality agreement or confidentiality provision between the Company and the Grantee, all the Grantee’s rights to receive theretofore unvested Awarded Units and distributions relating thereto under this Agreement shall be forfeited.
(e)The Grantee shall hold in a fiduciary capacity for the benefit of the Company al secret or confidential information, knowledge or data relating to the Company, and their respective businesses, which shall have been obtained by the Grantee during the Grantee’s employment by the Company and which shall not be or become public knowledge (other than by acts of the Grantee or representatives of the Grantee in violation of this Agreement).  After termination of the Grantee’s employment with the Company, the Grantee shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it.
(f)For purposes of this section 9, the term “Company” shall include all Subsidiaries and other Affiliates of the Company (such Subsidiaries and other Affiliates being hereinafter referred to as the “NextEra Entities”). The Company and the Grantee agree that each of the NextEra Entities is an intended third-party beneficiary of this section 9, and further agree that each of the NextEra 
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Entities is entitled to enforce the provisions of this section 9 in accordance with its terms.
(g)Notwithstanding anything to the contrary contained in this Agreement, the terms of these Protective Covenants shall survive the termination of this Agreement and shall remain in effect. 
10.    Incorporation of Plan's Terms; Other Governing Provisions.  This Agreement is made under and subject to the provisions of the Plan, and all the provisions of the Plan are also provisions of this Agreement, provided, however, (a) if there is a difference or conflict between the provisions of this Agreement and the mandatory provisions of the Plan, such mandatory provisions of the Plan shall govern, (b) if there is a difference or conflict between the provisions of this Agreement and the non-mandatory provisions of the Plan, the provisions of this Agreement shall govern, and (c) if there is a difference or conflict between the provisions of this Agreement and/or a provision of the Plan with a provision of a Retention Agreement, such provision of such Retention Agreement shall govern.  Any Retention Agreement constitutes “another agreement with the Grantee” within the meaning of the Plan (including without limitation sections 17.3 and 17.4 thereof).  The Company and the Committee retain all authority and powers granted by the Plan and not expressly limited by this Agreement.  The Grantee acknowledges that he or she may not and shall not rely on any statement of account or other communication or document issued in connection with the Plan other than the Plan, this Agreement, and any document signed by an authorized representative of the Company that is designated as an amendment of the Plan or this Agreement. 
11.    Interpretation.  The Committee shall have the authority to interpret and construe all provisions of this Agreement, and any such interpretation or construction, and any other determination contemplated to be made under the Plan or this Agreement, by the Committee shall be final, binding and conclusive, absent manifest error.
12.    Governing Law/Jurisdiction/Waiver of Jury Trial.  This Agreement shall be construed and interpreted in accordance with the laws of the State of Florida, without regard to its conflict of laws principles.  All suits, actions, and proceedings relating to this Agreement or the Plan shall be brought only in the courts of the State of Florida located in Palm Beach County or in the United States District Court for the Southern District of Florida in West Palm Beach, Florida.  The Company and the Grantee hereby consent to the personal jurisdiction of the courts described in this section 12 for the purpose of all suits, actions, and proceedings relating to the Agreement or the Plan.  The Company and the Grantee each waive all objections to venue and to all claims that a court chosen in accordance with this section 12 is improper based on a venue or a forum non conveniens claim.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT WHICH ANY PARTY MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY PROCEEDING, LITIGATION OR COUNTERCLAIM BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.
13.    Amendment.  This Agreement may be amended, in whole or in part and in any manner not inconsistent with the provisions of the Plan, at any time and from time to time, by written agreement between the Company and the Grantee.
14.    Adjustments.  If the number of outstanding common units is increased or decreased or the common units are changed into or exchanged for a different number of units or kind of capital stock or other securities of the Company on account of any recapitalization, reclassification, stock split, reverse stock split, spin-off, combination of stock, exchange of stock, 
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stock dividend or other distribution payable in capital stock, or other increase or decrease in common units effected without receipt of consideration by the Company, then the number of Awarded Units shall be adjusted proportionately.  No adjustment shall be made in connection with the payment by the Company of any cash distribution on its common units or in connection with the issuance by the Company of any warrants, rights, or options to acquire additional common units or of securities convertible into common units.
15.    Data Privacy.  By entering into this Agreement, the Grantee:  (i) authorizes the Company or any of the NextEra Entities, and any agent of the Company or any of the NextEra Entities administering the Plan or providing Plan recordkeeping services, to disclose to the Company or any of the NextEra Entities such information and data as the Company or any such NextEra Entities shall reasonably request in order to facilitate the administration of this Agreement; and (ii) authorizes the Company or any of the NextEra Entities to store and transmit such information in electronic form, provided such information is appropriately safeguarded in accordance with Company policy.
    By signing this Agreement, the Grantee accepts and agrees to all of the foregoing terms and provisions and to all the terms and provisions of the Plan incorporated herein by reference and confirms that the Grantee has received a copy of the Plan.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.
NEXTERA ENERGY PARTNERS, LP

 ________________________________
James L. Robo
Chairman and Chief Executive Officer

________________________________
#ParticipantName#
#EmployeeID#
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Exhibit “A”

LEGEND TO BE PLACED ON STOCK CERTIFICATE
The common units represented by this certificate are subject to the provisions of the NextEra Energy Partners, LP 2014 Long Term Incentive Plan (the “Plan”) and a Restricted Unit Award Agreement (the “Agreement”) between the holder hereof and NextEra Energy Partners, LP and may not be sold or transferred except in accordance therewith.  Copies of the Plan and Agreement are kept on file by the Executive Services Department of NextEra Energy, Inc.

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