Document:

Unassociated Document

    Exhibit
      4(av)

     

    FPL
      GROUP, INC.

     

    OFFICER’S
      CERTIFICATE

     

    Creating
      the ____ Debentures, Series due ________

     

    ____________,
      the ___________________________________ of FPL Group, Inc. (the “Company”),
      pursuant to the authority granted in the accompanying Board Resolutions (all
      capitalized terms used herein which are not defined herein or in Exhibit A
      hereto, but are defined in the Indenture referred to below, shall have the
      meanings specified in the Indenture), and Sections 201 and 301 of the Indenture,
      does hereby certify to The Bank of New York (the “Trustee”), as Trustee under
      the Indenture of the Company (For Unsecured Debt Securities) dated as of ______,
      20__ (the “Indenture”) that:

     

    
      	
              1.

            	
              The
                securities to be issued under the Indenture shall be designated “_____
                Debentures, Series due _________” (the “Debentures of the _____ Series”)
                and shall be issued in substantially the form set forth in Exhibit
                A
                hereto;

            

    

     

    
      	
              2.

            	
              The
                Debentures of the _____ Series shall mature and the principal shall
                be due
                and payable together with all accrued and unpaid interest thereon
                on
                ______, ____;

            

    

     

    
      	
              3.

            	
              The
                Debentures of the _____ Series shall bear interest as provided in
                the form
                thereof set forth as Exhibit A
                hereto;

            

    

     

    
      	
              4.

            	
              Each
                installment of interest on a Debenture of the _____ Series shall
                be
                payable as provided in the form thereof set forth as Exhibit A
                hereto;

            

    

     

    
      	
              5.

            	
              Registration
                and registration of transfers and exchanges in respect of the Debentures
                of the _____ Series may be effected at the office or agency of the
                Company
                in The City of New York, New York. Notices and demands to or upon
                the
                Company in respect of the Debentures of the _____ Series may be served
                at
                the office or agency of the Company in The City of New York, New
                York. The
                Corporate Trust Office of the Trustee will initially be the agency
                of the
                Company for such payment, registration and registration of transfers
                and
                exchanges and service of notices and demands and the Company hereby
                appoints the Trustee as its agent for all such purposes; provided,
                however, that the Company reserves the right to change, by one or
                more
                Officer’s Certificates, any such office or agency and such agent. The
                Trustee will initially be the Security Registrar and the Paying Agent
                for
                the Debentures of the _____ Series;

            

    

     

    
      	
              6.

            	
              [So
                long as Debentures of the _____ Series are registered in the name
                of The
                Depository Trust Company (“DTC”) or any other successor depositary or a
                nominee thereof, the Regular Record Date for the interest payable
                on any
                given Interest Payment Date with respect to the Debentures of the
                _____
                Series shall be the close of business on the Business Day immediately
                preceding such Interest Payment Date; provided, however, if the Debentures
                of the _____ Series are not registered in the name of DTC or any
                other
                successor depositary or a nominee thereof, the Regular Record Date
                will be
                the close of business on the 15th calendar day next preceding such
                Interest Payment Date;]

            

    

     

    
      	
              7.

            	
              [Redemption
                provisions, if any, will be
                inserted]

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              8.

            	
              No
                service charge shall be made for the registration of transfer or
                exchange
                of the Debentures of the _____ Series; provided, however, that the
                Company
                may require payment of a sum sufficient to cover any tax or other
                governmental charge that may be imposed in connection with the exchange
                or
                transfer;

            

    

     

    
      	
              9.

            	
              If
                the Company shall make any deposit of money and/or Eligible Obligations
                with respect to any Debentures of the _____ Series, or any portion
                of the
                principal amount thereof, as contemplated by Section 701 of the Indenture,
                the Company shall not deliver an Officer’s Certificate described in clause
                (z) in the first paragraph of said Section 701 unless the Company
                shall
                also deliver to the Trustee, together with such Officer’s Certificate,
                either:

            

    

     

    (A)  an
      instrument wherein the Company, notwithstanding the satisfaction and discharge
      of its indebtedness in respect of the Debentures of the _____ Series, shall
      assume the obligation (which shall be absolute and unconditional) to irrevocably
      deposit with the Trustee or Paying Agent such additional sums of money, if
      any,
      or additional Eligible Obligations (meeting the requirements of Section 701),
      if
      any, or any combination thereof, at such time or times, as shall be necessary,
      together with the money and/or Eligible Obligations theretofore so deposited,
      to
      pay when due the principal of and premium, if any, and interest due and to
      become due on such Debentures of the _____ Series or portions thereof, all
      in
      accordance with and subject to the provisions of said Section 701; provided,
      however, that such instrument may state that the obligation of the Company
      to
      make additional deposits as aforesaid shall be subject to the delivery to the
      Company by the Trustee of a notice asserting the deficiency accompanied by
      an
      opinion of an independent public accountant of nationally recognized standing,
      selected by the Trustee, showing the calculation thereof; or

     

    (B)  an
      Opinion of Counsel to the effect that, as a result of (i) the receipt by the
      Company from, or the publication by, the Internal Revenue Service of a ruling
      or
      (ii) a change in law occurring after the date of this certificate, the Holders
      of such Debentures of the _____ Series, or portions of the principal amount
      thereof, will not recognize income, gain or loss for United States federal
      income tax purposes as a result of the satisfaction and discharge of the
      Company’s indebtedness in respect thereof and will be subject to United States
      federal income tax on the same amounts, at the same times and in the same manner
      as if such satisfaction and discharge had not been effected;

     

    
      	
              10.

            	
              [The
                Debentures of the _____ Series will be initially issued in global
                form
                registered in the name of Cede & Co. (as nominee for DTC). The
                Debentures of the _____ Series in global form shall bear the depository
                legend in substantially the form set forth in Exhibit A hereto. The
                Debentures of the _____ Series in global form will contain restrictions
                on
                transfer, substantially as described in the form set forth in Exhibit
                A
                hereto;]

            

    

     

    
      	
              11.

            	
              The
                Company reserves the right to require legends on Debentures of the
                ____
                Series as it may determine are necessary to ensure compliance with
                the
                securities laws of the United States and the states therein and any
                other
                applicable laws;

            

    

     

    
      	
              12.

            	
              The
                Debentures of the _____ Series shall have such other terms and provisions
                as are provided in the form set forth as Exhibit A
                hereto;

            

    

     

    
      	
              13.

            	
              The
                undersigned has read all of the covenants and conditions contained
                in the
                Indenture relating to the issuance of the Debentures of the _____
                Series
                and the definitions in the Indenture relating thereto and in respect
                of
                which this certificate is made;

            

    

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    
      	
              14.

            	
              The
                statements contained in this certificate are based upon the familiarity
                of
                the undersigned with the Indenture, the documents accompanying this
                certificate, and upon discussions by the undersigned with officers
                and
                employees of the Company familiar with the matters set forth
                herein;

            

    

     

    
      	
              15.

            	
              In
                the opinion of the undersigned, he or she has made such examination
                or
                investigation as is necessary to enable him or her to express an
                informed
                opinion as to whether or not such covenants and conditions have been
                complied with; and

            

    

     

    
      	
              16.

            	
              In
                the opinion of the undersigned, such conditions and covenants and
                conditions precedent, if any (including any covenants compliance
                with
                which constitutes a condition precedent) to the authentication and
                delivery of the Debentures of the _____ Series requested in the
                accompanying Company Order No. __, have been complied
                with.

            

    

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, I have executed this Officer’s Certificate on behalf of the
      Company this ____ day of ______, ____ in New York, New York.

     

     

    
      	 	 

    

    

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

       

    

    Exhibit
      A

     

    [Unless
      this certificate is presented by an authorized representative of The Depository
      Trust Company, a New York corporation (“DTC”), to FPL Group, Inc. or its agent
      for registration of transfer, exchange, or payment, and any certificate issued
      is registered in the name of Cede & Co. or in such other name as is
      requested by an authorized representative of DTC (and any payment is made to
      Cede & Co. or to such other entity as is requested by an authorized
      representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
      OR
      OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
      hereof, Cede & Co., has an interest herein.]

     

    

     

    
      	
              No.
                _______________

            	
              CUSIP
                No. __________

            

    

     

    [FORM
      OF FACE OF DEBENTURE]

     

    FPL
      GROUP, INC.

     

    _____
      DEBENTURES, SERIES DUE _________

     

    FPL
      GROUP, INC., a corporation duly organized and existing under the laws of the
      State of Florida (herein referred to as the “Company”, which term includes any
      successor Person under the Indenture), for value received, hereby promises
      to
      pay to

     

    or
      registered assigns, the principal sum of ____________________ Dollars on
      ____________ and to pay interest on said principal sum ________ on ______ and
      ______ of each year commencing ______ (each an “Interest Payment Date”) at the
      rate of ______% per annum until the principal hereof is paid or made available
      for payment. [Provision for reset of interest rate will be inserted, if
      applicable.] Interest on the Securities of this series will accrue from and
      including __________, to and excluding the first Interest Payment Date, and
      thereafter will accrue from and including the last Interest Payment Date to
      which interest has been paid or duly provided for. No interest will accrue
      on
      the Securities with respect to the day on which the Securities mature. In the
      event that any Interest Payment Date is not a Business Day, then payment of
      interest payable on such date will be made on the next succeeding day which
      is a
      Business Day (and without any interest or other payment in respect of such
      delay) with the same force and effect as if made on the Interest Payment Date.
      The interest so payable, and punctually paid or duly provided for, on any
      Interest Payment Date will, as provided in such Indenture, be payable to the
      Person in whose name this Security (or one or more Predecessor Securities)
      is
      registered at the close of business on the “Regular Record Date” for such
      interest installment which shall be [the business day immediately preceding
      such
      Interest Payment Date so long as the Securities are registered in the name
      of
      The Depository Trust Company (“DTC”) or any other successor depositary or a
      nominee thereof, provided, however, that if the Securities are not registered
      in
      the name of DTC or any other successor depositary or a nominee thereof the
      Regular Record Date will be the close of business on the 15th calendar day
      next
      preceding such Interest Payment Date and provided further that interest payable
      at Maturity will be paid to the Person to whom principal is paid.] Any such
      interest not so punctually paid or duly provided for

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    will
      forthwith cease to be payable to the Holder of this Security on such Regular
      Record Date and may either be paid to the Person in whose name this Security
      (or
      one or more Predecessor Securities) is registered at the close of business
      on a
      Special Record Date for the payment of such Defaulted Interest to be fixed
      by
      the Trustee, notice whereof shall be given to Holders of Securities of this
      series not less than 10 days prior to such Special Record Date, or be paid
      at
      any time in any other lawful manner not inconsistent with the requirements
      of
      any securities exchange, if any, on which the Securities of this series may
      be
      listed, and upon such notice as may be required by such exchange, all as more
      fully provided in the Indenture referred to on the reverse hereof.

     

    Payment
      of the principal of (and premium, if any) and interest on this Security will
      be
      made at the office or agency of the Company maintained for that purpose in
      The
      City of New York, the State of New York in such coin or currency of the United
      States of America as at the time of payment is legal tender for payment of
      public and private debts; provided, however, that, at the option of the Company,
      interest on this Security may be paid by check mailed to the address of the
      Person entitled thereto, as such address shall appear on the Security Register
      or by a wire transfer to an account designated by the Person entitled
      thereto.

     

    Reference
      is hereby made to the further provisions of this Security set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee
      referred to on the reverse hereof by manual signature, this Security shall
      not
      be entitled to any benefit under the Indenture or be valid or obligatory for
      any
      purpose.

     

    IN
      WITNESS WHEREOF, the Company has caused this instrument to be duly executed
      in
      New York, New York.

     

    
      	 	
              FPL
                GROUP, INC.

               

               

            
	 	
              By:

            	 

    

    

    

     

    [FORM
      OF CERTIFICATE OF AUTHENTICATION]

     

    CERTIFICATE
      OF AUTHENTICATION

     

    Dated:

     

    This
      is
      one of the Securities of the series designated therein referred to in the
      within-mentioned Indenture.

     

    
      	 	
              THE
                BANK OF NEW YORK,
                as Trustee

               

               

            
	 	
              By:

            	 
	 	 	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

     

    [FORM
      OF REVERSE OF DEBENTURE]

     

    This
      Security is one of a duly authorized issue of securities of the Company (herein
      called the “Securities”), issued and to be issued in one or more series under an
      Indenture (For Unsecured Debt Securities), dated as of ________, 20__ (herein,
      together with any amendments thereto, called the “Indenture”, which term shall
      have the meaning assigned to it in such instrument), between the Company and
      The
      Bank of New York, as Trustee (herein called the “Trustee”, which term includes
      any successor trustee under the Indenture), and reference is hereby made to
      the
      Indenture, including the Board Resolutions and Officer’s Certificate filed with
      the Trustee on _________, ____ creating the series designated on the face hereof
      (herein called, the “Officer’s Certificate”), for a statement of the respective
      rights, limitations of rights, duties and immunities thereunder of the Company,
      the Trustee and the Holders of the Securities and of the terms upon which the
      Securities are, and are to be, authenticated and delivered. This Security is
      one
      of the series designated on the face hereof.

     

    [Redemption
      provisions, if any, will be inserted]

     

    The
      Indenture contains provisions for defeasance at any time of the entire
      indebtedness of this Security upon compliance with certain conditions set forth
      in the Indenture, including the Officer’s Certificate described
      above.

     

    If
      an
      Event of Default with respect to Securities of this series shall occur and
      be
      continuing, the principal of and interest on the Securities of this series
      may
      be declared due and payable in the manner and with the effect provided in the
      Indenture.

     

    The
      Indenture permits, with certain exceptions as therein provided, the amendment
      thereof and the modification of the rights and obligations of the Company and
      the rights of the Holders of the Securities of each series to be affected under
      the Indenture at any time by the Company and the Trustee with the consent of
      the
      Holders of a majority in principal amount of the Securities at the time
      Outstanding of all series to be affected. The Indenture also contains provisions
      permitting the Holders of specified percentages in principal amount of the
      Securities of each series at the time Outstanding, on behalf of the Holders
      of
      all Securities of such series, to waive compliance by the Company with certain
      provisions of the Indenture and certain past defaults under the Indenture and
      their consequences. Any such consent or waiver by the Holder of this Security
      shall be conclusive and binding upon such Holder and upon all future Holders
      of
      this Security and of any Security issued upon the registration of transfer
      hereof or in exchange herefor or in lieu hereof, whether or not notation of
      such
      consent or waiver is made upon this Security.

     

    As
      provided in and subject to the provisions of the Indenture, the Holder of this
      Security shall not have the right to institute any proceeding with respect
      to
      the Indenture or for the appointment of a receiver or trustee or for any other
      remedy thereunder, unless such Holder shall have previously given the Trustee
      written notice of a continuing Event of Default with respect to the Securities
      of this series, the Holders of a majority in aggregate principal amount of
      the
      Securities of all series at the time Outstanding in respect of which an Event
      of
      Default shall have occurred and be continuing shall have made written request
      to
      the Trustee to institute proceedings in respect of such Event of Default as
      Trustee and offered the Trustee reasonable indemnity, and the Trustee shall
      not
      have received from the Holders of a majority in aggregate principal amount
      of
      Securities of all series at the time Outstanding in respect of which an Event
      of
      Default shall have occurred and be continuing a direction inconsistent with
      such
      request, and shall have failed to institute any such proceeding, for 60 days
      after receipt of such notice, request and

     

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

     

    offer
      of
      indemnity. The foregoing shall not apply to any suit instituted by the Holder
      of
      this Security for the enforcement of any payment of principal hereof or any
      premium or interest hereon on or after the respective due dates expressed
      herein.

     

    No
      reference herein to the Indenture and no provision of this Security or of the
      Indenture shall alter or impair the obligation of the Company, which is absolute
      and unconditional, to pay the principal of and any premium and interest on
      this
      Security at the times, place and rate, and in the coin or currency, herein
      prescribed.

     

    The
      Securities of this series are issuable only in registered form without coupons
      in denominations of $[1,000][25] and integral multiples thereof. As provided
      in
      the Indenture and subject to certain limitations therein set forth, Securities
      of this series are exchangeable for a like aggregate principal amount of
      Securities of this series and of like tenor and of authorized denominations,
      as
      requested by the Holder surrendering the same.

     

    No
      service charge shall be made for any such registration of transfer or exchange,
      but the Company may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Company, the Trustee and any agent of the Company or the Trustee may treat
      the
      Person in whose name this Security is registered as the absolute owner hereof
      for all purposes, whether or not this Security be overdue, and neither the
      Company, the Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    All
      terms
      used in this Security which are defined either in the Indenture or in the
      Officer’s Certificate shall have the meanings assigned to them in the Indenture
      or in the Officer’s Certificate.

     

    
      
        
        

      

      
        A-4Form of Officer's Certificate - FPL Group Junior Subordinated Debentures

     

    Exhibit
      4(aw)

    FPL
      GROUP, INC.

     

    OFFICER’S
      CERTIFICATE

     

    Creating
      the ___ Junior Subordinated Debentures, Series due __ 

     

    ____________,
      the ___________________________________ of FPL Group, Inc. (the “Company”),
      pursuant to the authority granted in the accompanying Board Resolutions (all
      capitalized terms used herein which are not defined herein or in Exhibit A
      hereto, but are defined in the Indenture referred to below, shall have the
      meanings specified in the Indenture), and Sections 201 and 301 of the Indenture,
      does hereby certify to The Bank of New York (the “Trustee”), as Trustee under
      the Indenture of the Company (For Unsecured Subordinated Debt Securities
      [1 relating
      to Trust Securities) dated as of __________, 200__ (the “Indenture”)
      that:

     

    
      	
              1.
                

            	
              The
                securities to be issued under the Indenture shall be designated “_____
                Junior Subordinated Debentures, Series due ___” (the “Debentures of the
                ____ Series”) and shall be issued in substantially the form set forth in
                Exhibit A hereto. [1The
                Debentures of the ____ Series are to be issued to The Bank of New
                York, as
                Property Trustee (the “Property Trustee”) of FPL Group Trust __, a
                Delaware statutory trust (the
“Trust”)];

            

    

     

    
      	
              2.
                

            	
              The
                Debentures of the ____ Series shall mature and the principal shall
                be due
                and payable together with all accrued and unpaid interest thereon
                on
                ___________, ____;

            

    

     

    
      	
              3.
                

            	
              The
                Debentures of the ____ Series shall bear interest as provided in
                the form
                thereof set forth as Exhibit A
                hereto;

            

    

     

    
      	
              4.
                

            	
              Each
                installment of interest on a Debenture of the ____ Series shall be
                payable
                as provided in the form thereof set forth as Exhibit A
                hereto;

            

    

     

    
      	
              5.
                

            	
              Registration
                and registration of transfers and exchanges in respect of the Debentures
                of the ____ Series may be effected at the office or agency of the
                Company
                in The City of New York, New York. Notices and demands to or upon
                the
                Company in respect of the Debentures of the ____ Series may be served
                at
                the office or agency of the Company in The City of New York, New
                York. The
                Corporate Trust Office of the Trustee will initially be the agency
                of the
                Company for such payment, registration and registration of transfers
                and
                exchanges and service of notices and demands and the Company hereby
                appoints the Trustee as its agent for all such purposes; provided,
                however, that the Company reserves the right to change, by one or
                more
                Officer’s Certificates, any such office or agency and such agent. The
                Trustee will initially be the Security Registrar and the Paying Agent
                for
                the Debentures of the ____ Series;

            

    

     

    
      	
              6.
                

            	
              The
                Regular Record Date for the interest payable on any given Interest
                Payment
                Date with respect to the Debentures of the ____ Series shall be the
                close
                of business on the 15th calendar day next preceding such Interest
                Payment
                Date, provided that if the Debentures of the ______ Series are held
                by a
                securities depository in book-entry form, the Regular Record Date
                will be
                the close of business on the Business Day immediately preceding such
                Interest Payment Date;

            

    

     

    
      	
              7.
                

            	
              [Redemption
                provisions, if any will be
                inserted];

            

    

     

    
      

    

    1
      For use
      in connection with subordinated debt securities relating to trust
      securities.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              8.
                

            	
              [1If
                at any time a Tax Event (as defined in the form of the Debentures
                of the
                _____ Series set forth as Exhibit A hereto) shall occur and be continuing,
                and either (i) in the opinion of tax counsel to the Trust or the
                Company experienced in such matters, there would in all cases, after
                effecting the dissolution of the Trust, after satisfaction of liabilities
                to creditors of the Trust, if any, as provided by applicable law,
                and the
                distribution of the Debentures of the ____ Series to the holders
                of the
                Preferred Trust Securities issued by the Trust (the “Preferred Trust
                Securities”), in exchange therefor, be more than an insubstantial risk
                that an Adverse Tax Consequence (as defined in the form of the Debentures
                of the ____ Series set forth as Exhibit A hereto) would continue
                to exist
                or (ii) the Debentures of the ____ Series are not held by the Trust,
                then
                the Company shall have the right to redeem the Debentures of the
                ____
                Series, in whole but not in part, at any time within 90 days following
                the
                occurrence of the Tax Event, at 100% of the principal amount thereof
                plus
                accrued and unpaid interest thereon, including Additional Interest,
                if
                any, to the Redemption Date;]

            

    

     

    [1If
      at any
      time an Investment Company Act Event (as defined in the form of the Debentures
      of the ____ Series set forth as Exhibit A hereto) shall occur and be continuing,
      then the Company shall have the right to redeem the Debentures of the ____
      Series, in whole, but not in part, at any time within 90 days following the
      occurrence of the Investment Company Act Event, at 100% of the principal amount
      thereof plus accrued and unpaid interest thereon, including Additional Interest,
      if any, to the Redemption Date;]

     

    
      	
              9.
                

            	
              So
                long as any Debentures of the ____ Series are Outstanding, the failure
                of
                the Company to pay interest [1,including
                Additional Interest], if any, on any Debentures of the ____ Series
                within
                30 days after the same becomes due and payable (whether or not payment
                is
                prohibited by the subordination provisions of Article Fourteen of
                the
                Indenture) shall constitute an Event of Default [1;
                provided, however, that a valid extension of the interest payment
                period
                by the Company as contemplated in Section 312 of the Indenture and
                paragraph (10) of this Certificate shall not constitute a failure
                to pay
                interest for this purpose];

            

    

     

    
      	
              10.
                

            	
              [1Pursuant
                to Section 312 of the Indenture, so long as no Event of Default under
                the
                Indenture has occurred and is continuing with respect to the Securities
                of
                any series, the Company shall have the right, at any time and from
                time to
                time during the term of the Debentures of the ____ Series, to extend
                the
                interest payment period to a period not exceeding __ consecutive
                quarterly
                periods (an “Extension Period”); provided that no Extension Period shall
                extend beyond the Stated Maturity or end on a day other than an Interest
                Payment Date. During the Extension Period interest (calculated for
                each
                Interest Period in the manner provided for in Exhibit A hereto, as
                if the
                interest payment period had not been so extended) will be compounded
                [quarterly]. At the end of the Extension Period, which shall be an
                Interest Payment Date, the Company shall pay all interest accrued
                and
                unpaid thereon (together with interest thereon at the rate specified
                for
                the Debentures of the ______ Series, compounded [quarterly], to the
                extent
                permitted by applicable law) and Additional Interest, if any, to
                the
                Person in whose name the Debentures of the____ Series are registered
                at
                the close of business on the Regular Record Date for the Interest
                Payment
                Date on which such Extension Period ended; provided that any such
                accrued
                and unpaid interest payable at Stated Maturity or any Redemption
                Date will
                be paid to the Person to whom principal is payable. With respect
                to the
                Debentures of _____ Series, the term “Interest Period” shall mean each
                period from, and including, an Interest Payment Date to, but excluding,
                the next succeeding Interest Payment Date, except that the first
                Interest
                Period shall commence on the date of original issuance. However,
                during
                any such Extension Period, the Company shall
                not

            

    

     

    (A)    declare
      or pay any dividends or distributions on its capital stock, or 

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    (B)    
redeem,
      purchase, acquire or make a liquidation payment with respect to any of its
      capital stock, or

     

    (C)
   pay
      any
      principal, interest or premium on, or repay, repurchase or redeem any debt
      securities that are equal or junior in right of payment to the Debentures of
      the
      _____ Series; or

     

    (D)    make
      any
      payments with respect to any guarantee of debt securities by the Company if
      such
      guarantee is equal or junior in right of payment to the Debentures of the _____
      Series (“Restricted Payments”).

     

    The
      foregoing provisions shall not prevent or restrict the Company from making:
      

     

    (a)    purchases,
      redemptions or other acquisitions of its capital stock in connection with any
      employment contract, benefit plan or other similar arrangement with or for
      the
      benefit of employees, officers, directors or agents or a stock purchase or
      dividend reinvestment plan, or the satisfaction of its obligations pursuant
      to
      any contract or security outstanding on the date that the interest payment
      period is extended requiring it to purchase, redeem or acquire its capital
      stock;

     

    (b)    any
      payment, repayment, redemption, purchase, acquisition or declaration of dividend
      described in clauses (A) and (B) above as a result of a reclassification of
      its
      capital stock, or the exchange or conversion of all or a portion of one class
      or
      series of its capital stock for another class or series of its capital
      stock;

     

    (c)    the
      purchase of fractional interests in shares of its capital stock pursuant to
      the
      conversion or exchange provisions of its capital stock or the security being
      converted or exchanged, or in connection with the settlement of stock purchase
      contracts;

     

    (d)    dividends
      or distributions paid or made in its capital stock (or rights to acquire its
      capital stock), or repurchases, redemptions or acquisitions of capital stock
      in
      connection with the issuance or exchange of capital stock (or of securities
      convertible into or exchangeable for shares of its capital stock and
      distributions in connection with the settlement of stock purchase
      contracts);

     

    (e)    redemptions,
      exchanges or repurchases of, or with respect to, any rights outstanding under
      a
      shareholder rights plan or the declaration or payment thereunder of a dividend
      or distribution of or with respect to rights in the future; or

     

    (f)    payments
      under any preferred trust securities guarantee or guarantee of junior
      subordinated debentures executed and delivered by the Company concurrently
      with
      the issuance by a trust of any preferred trust securities, so long as the amount
      of payments made on any preferred trust securities or junior subordinated
      debentures (as the case may be) is paid on all preferred trust securities or
      junior subordinated debentures that are equal or senior in right of payment
      to
      the Debentures of _____ Series (as the case may be) then outstanding on a pro
      rata basis in proportion to the full distributions to which each series of
      preferred trust securities or junior subordinated debentures (as the case may
      be) is then entitled if paid in full.

     

    Prior
      to
      the termination of any such Extension Period, the Company may further extend
      the
      interest payment period, provided that such Extension Period together with
      all
      such previous and

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    further
      extensions thereof shall not exceed __ consecutive quarterly periods at any
      one
      time or extend beyond the Maturity of the Debentures of the ____ Series. Upon
      the termination of any such Extension Period and the payment of all amounts
      then
      due, including interest on deferred interest payments, the Company may elect
      to
      begin a new Extension Period, subject to the above requirements. No interest
      shall be due and payable during an Extension Period, except at the end thereof.
      The Company will give the Trust and the Trustee notice of its election of an
      Extension Period before the earlier of (i) the Business Day prior to the record
      date for the distribution on the Preferred Trust Securities which would occur
      but for such election or (ii) the date the Administrative Trustees of the Trust
      are required to give notice to any securities exchange or any other applicable
      self-regulatory organization of the record date for such distribution. The
      Trustee will cause the Trust to send notice of such election to the holders
      of
      Preferred Trust Securities];

     

    
      	
              11.
                

            	
              At
                any time, the Company will have the right to dissolve the Trust and,
                after
                satisfaction of liabilities to creditors, if any, of the Trust as
                provided
                by applicable law, cause a proportionate amount of the Debentures
                of the
                ____ Series to be distributed to the holders of the Preferred Trust
                Securities and the Common Trust
                Securities;

            

    

     

    
      	
              12.
                

            	
              In
                the event that, at any time subsequent to the initial authentication
                and
                delivery of the Debentures of the ____ Series, the Debentures of
                the ____
                Series are to be held in global form by a securities depositary,
                the
                Company may at such time establish the matters contemplated in clause
                (r)
                in the second paragraph of Section 301 of the Indenture in an Officer’s
                Certificate supplemental to this
                certificate;

            

    

     

    
      	
              13.
                

            	
              No
                service charge shall be made for the registration of transfer or
                exchange
                of the Debentures of the ____ Series; provided, however, that the
                Company
                may require payment of a sum sufficient to cover any tax or other
                governmental charge that may be imposed in connection with the exchange
                or
                transfer;

            

    

     

    
      	
              14.
                

            	
              [1The
                Trust for Debentures of the ____ Series shall be FPL Group Trust
                __, a
                Delaware statutory trust. The Trust Agreement for Debentures of the
                ____
                Series shall be the Amended and Restated Trust Agreement dated as
                of
                _________, 200_ relating to the Trust, as it may be modified, amended
                or
                supplemented from time to time;] 

            

    

     

    
      	
              15.
                

            	
              If
                the Company shall make any deposit of money and/or Eligible Obligations
                with respect to any Debentures of the ____ Series, or any portion
                of the
                principal amount thereof, as contemplated by Section 701 of the Indenture,
                the Company shall not deliver an Officer’s Certificate described in clause
                (z) in the first paragraph of said Section 701 unless the Company
                shall
                also deliver to the Trustee, together with such Officer’s Certificate,
                either:

            

    

     

    (A)    an
      instrument wherein the Company, notwithstanding the satisfaction and discharge
      of its indebtedness in respect of the Debentures of the ____ Series, shall
      assume the obligation (which shall be absolute and unconditional) to irrevocably
      deposit with the Trustee or Paying Agent such additional sums of money, if
      any,
      or additional Eligible Obligations (meeting the requirements of Section 701),
      if
      any, or any combination thereof, at such time or times, as shall be necessary,
      together with the money and/or Eligible Obligations theretofore so deposited,
      to
      pay when due the principal of and premium, if any, and interest due and to
      become due on such Debentures of the ____ Series or portions thereof, all in
      accordance with and subject to the provisions of said Section 701; provided,
      however, that such instrument may state that the obligation of the Company
      to
      make additional deposits as aforesaid shall be subject to the delivery to the
      Company by the Trustee of a notice asserting the deficiency accompanied by
      an

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    opinion
      of an independent public accountant of nationally recognized standing, selected
      by the Trustee, showing the calculation thereof; or

     

    (B)    an
      Opinion of Counsel to the effect that, as a result of (i) the receipt by the
      Company from, or the publication by, the Internal Revenue Service of a ruling
      or
      (ii) a change in law occurring after the date of this certificate, the Holders
      of such Debentures of the ____ Series, or portions of the principal amount
      thereof, will not recognize income, gain or loss for United States federal
      income tax purposes as a result of the satisfaction and discharge of the
      Company’s indebtedness in respect thereof and will be subject to United States
      federal income tax on the same amounts, at the same times and in the same manner
      as if such satisfaction and discharge had not been effected;

     

    
      	
              16.
                

            	
              The
                Company reserves the right to require legends on Debentures of the
                ____
                Series as it may determine are necessary to ensure compliance with
                the
                securities laws of the United States and the states therein and any
                other
                applicable laws;

            

    

     

    
      	
              17.
                

            	
              The
                Debentures of the ____ Series shall have such other terms and provisions
                as are provided in the form set forth as Exhibit A
                hereto;

            

    

     

    
      	
              18.
                

            	
              The
                undersigned has read all of the covenants and conditions contained
                in the
                Indenture relating to the issuance of the Debentures of the ____
                Series
                and the definitions in the Indenture relating thereto and in respect
                of
                which this certificate is made;

            

    

     

    
      	
              19.
                

            	
              The
                statements contained in this certificate are based upon the familiarity
                of
                the undersigned with the Indenture, the documents accompanying this
                certificate, and upon discussions by the undersigned with officers
                and
                employees of the Company familiar with the matters set forth
                herein;

            

    

     

    
      	
              20.
                

            	
              In
                the opinion of the undersigned, he or she has made such examination
                or
                investigation as is necessary to enable him or her to express an
                informed
                opinion as to whether or not such covenants and conditions have been
                complied with; and

            

    

     

    
      	
              21.
                

            	
              In
                the opinion of the undersigned, such conditions and covenants and
                conditions precedent, if any (including any covenants compliance
                with
                which constitutes a condition precedent) to the authentication and
                delivery of the Debentures of the ____ Series requested in the
                accompanying Company Order No. __, have been complied
                with.

            

    

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, I have executed this Officer’s Certificate on behalf of the
      Company this _____ day of _________, ____ in New York, New
      York.

     

    
      	 	By:	 
	 	 	 

    

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    
      
         

      

    

                                Exhibit
      A

     

    No._______________                                                                            CUSIP
      No. ___________

     

    [FORM
      OF FACE OF JUNIOR SUBORDINATED DEBENTURE]

     

    FPL
      GROUP, INC.

     

    [_______]
      JUNIOR SUBORDINATED DEBENTURES, SERIES DUE _____

     

    FPL
      GROUP, INC., a corporation duly organized and existing under the laws of the
      State of Florida (herein referred to as the “Company”, which term includes any
      successor Person under the Indenture), for value received, hereby promises
      to
      pay to [_______________] [1The
      Bank
      of New York, as Property Trustee under the Amended and Restated Trust Agreement,
      dated as of __________, 200_ of FPL Group Trust __, a Delaware statutory trust],
      or registered assigns, the principal sum of ____________________ Dollars on
      ____________ and to pay interest on said principal sum ________ on ______,
      ______, ______ and ______ of each year commencing ______ (each an “Interest
      Payment Date”) at the rate of ______% per annum until the principal hereof is
      paid or made available for payment. [Provision for reset of interest rate will
      be inserted, if applicable.] Interest on the Securities of this series will
      accrue from and including __________, to and excluding the first Interest
      Payment Date, and thereafter will accrue from and including the last Interest
      Payment Date to which interest has been paid or duly provided for. No interest
      will accrue on the Securities with respect to the day on which the Securities
      mature. In the event that any Interest Payment Date is not a Business Day,
      then
      payment of interest payable on such date will be made on the next succeeding
      day
      which is a Business Day (and without any interest or other payment in respect
      of
      such delay); provided, however, that if such Business Day is in the next
      succeeding calendar year, payment shall be made on the immediately preceding
      Business Day, in each case with the same force and effect as if made on the
      Interest Payment Date. The interest so payable, and punctually paid or duly
      provided for, on any Interest Payment Date will, as provided in such Indenture,
      be payable to the Person in whose name this Security (or one or more Predecessor
      Securities) is registered at the close of business on the “Regular Record Date”
for such interest installment which shall be the close of business on the 15th
      calendar day next preceding such Interest Payment Date, provided that if the
      Securities are held by a securities depository in book-entry form, the Regular
      Record Date will be the close of business on the Business Day immediately
      preceding such Interest Payment Date, and provided further that interest payable
      at Maturity or on any Redemption Date will be paid to the Person to whom
      principal is payable. Any such interest not so punctually paid or duly provided
      for will forthwith cease to be payable to the Holder of this Security on such
      Regular Record Date and may either be paid to the Person in whose name this
      Security (or one or more Predecessor Securities) is registered at the close
      of
      business on a Special Record Date for the payment of such Defaulted Interest
      to
      be fixed by the Trustee, notice whereof shall be given to Holders of Securities
      of this series not less than 10 days prior to such Special Record Date, or
      be
      paid at any time in any other lawful manner not inconsistent with the
      requirements of any securities exchange, if any, on which the Securities of
      this
      series may be listed, and upon such notice as may be required by such exchange,
      all as more fully provided in the Indenture referred to on the reverse
      hereof.

     

    Payment
      of the principal of (and premium, if any) and interest on this Security will
      be
      made at the office or agency of the Company maintained for that purpose in
      The
      City of New York, the State of New York in such coin or currency of the United
      States of America as at the time of payment is legal tender for payment of
      public and private debts; provided, however, that at the option of the Company,
      interest on this Security may be paid by check mailed to the address of the
      Person entitled

     

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    thereto,
      as such address shall appear on the Security Register or by a wire transfer
      to
      an account designated by the Person entitled thereto.

     

    Reference
      is hereby made to the further provisions of this Security set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    Unless
      the certificate of authentication hereon has been executed by the Trustee
      referred to on the reverse hereof by manual signature, this Security shall
      not
      be entitled to any benefit under the Indenture or be valid or obligatory for
      any
      purpose.

     

    IN
      WITNESS WHEREOF, the Company has caused this instrument to be duly executed
      in
      New York, New York.

     

    
      	 	
              FPL GROUP, INC.

               

            
	
            	By:	 
	 	 	 

    

     

     

    [FORM
      OF CERTIFICATE OF AUTHENTICATION]

     

    CERTIFICATE
      OF AUTHENTICATION

     

    Dated:

     

    This
      is
      one of the Securities of the series designated therein referred to in the
      within-mentioned Indenture.

     

    
      	
            	
              THE BANK OF NEW YORK, as Trustee

               

            
	
            	By:	 
	 	 	
              Authorized
                Signatory

            

    

      

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

       

    

    [FORM
      OF REVERSE OF JUNIOR SUBORDINATED DEBENTURE]

     

    This
      Security is one of a duly authorized issue of securities of the Company (herein
      called the “Securities”), issued and to be issued in one or more series under an
      Indenture (For Unsecured Subordinated Debt Securities [1relating
      to Trust Securities]), dated as of ________ (herein, together with any
      amendments thereto, called the “Indenture”, which term shall have the meaning
      assigned to it in such instrument), between the Company and The Bank of New
      York, as Trustee (herein called the “Trustee”, which term includes any successor
      trustee under the Indenture), and reference is hereby made to the Indenture,
      including the Board Resolutions and Officer’s Certificate filed with the Trustee
      on _____________, creating the series designated on the face hereof (herein
      called, the “Officer’s Certificate”), for a statement of the respective rights,
      limitations of rights, duties and immunities thereunder of the Company, the
      Trustee and the Holders of the Securities and of the terms upon which the
      Securities are, and are to be, authenticated and delivered. This Security is
      one
      of the series designated on the face hereof.

     

    [Redemption
      provisions, if any, will be inserted]

     

    [1If
      at any
      time a Tax Event (as defined below) shall occur and be continuing, and either
      (i) in the opinion of tax counsel to the Trust or the Company experienced
      in such matters, there would in all cases, after effecting the dissolution
      of
      the Trust, after satisfaction of liabilities to creditors of the Trust, if
      any,
      as provided by applicable law, and the distribution of this Security to the
      holders of the Preferred Trust Securities issued by the Trust (the “Preferred
      Trust Securities”), in exchange therefor, be more than an insubstantial risk
      that an Adverse Tax Consequence (as defined below) would continue to exist
      or
      (ii) this Security is not held by the Trust, then the Company shall have the
      right to redeem this Security, in whole but not in part, at any time within
      90
      days following the occurrence of the Tax Event, at 100% of the principal amount
      thereof plus accrued and unpaid interest thereon, including the Additional
      Interest, if any, to the Redemption Date.]

     

    [1“Tax
      Event” means the receipt by the Trust or the Company of an Opinion of Counsel
      experienced in such matters to the effect that, as a result of (a) any amendment
      to, clarification of, or change (including any announced prospective change)
      in,
      the laws or treaties (or any regulations thereunder) of the United States or
      any
      political subdivision or taxing authorities thereof or therein; (b) any judicial
      decision or any official administrative pronouncement, ruling, regulatory
      procedure, notice or announcement (including any notice or announcement of
      intent to issue or adopt any such administrative pronouncement, ruling,
      regulatory procedure or regulation) (each, an “Administrative Action”), or (c)
      any amendment to, clarification of, or change in the official position or the
      interpretation of any such Administrative Action or judicial decision or any
      interpretation or pronouncement that provides for a position with respect to
      such Administrative Action or judicial decision that differs from the
      theretofore generally accepted position, in each case by any legislative body,
      court, governmental authority or regulatory body, irrespective of the time
      or
      manner in which such amendment, clarification or change is introduced or made
      known, which amendment, clarification, or change is effective, or which
      Administrative Action is taken or which judicial decision, interpretation or
      pronouncement is issued, in each case on or after _________, 200_, there is
      more
      than an insubstantial risk that (i) the Trust is, or will be, subject to United
      States Federal income tax with respect to interest received on this Security,
      (ii) interest payable by the Company on this Security is not, or will not be,
      fully deductible by the Company for United States Federal income tax purposes,
      or (iii) the Trust is, or will be, subject to more than a de minimis amount
      of
      other taxes, duties or other governmental charges (each of the circumstances
      described in clauses (i), (ii) or (iii) being an “Adverse Tax
      Consequence”).]

     

    [1If
      at any
      time an Investment Company Act Event (as defined below) shall occur and be
      continuing, then the Company shall have the right to redeem this Security,
      in
      whole, but not in part, at any

     

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

     

    time
      within 90 days following the occurrence of the Investment Company Act Event,
      at
      100% of the principal amount thereof plus accrued and unpaid interest thereon,
      including Additional Interest, if any, to the Redemption Date. 

     

    An
      “Investment Company Act Event” occurs when the Trust or the Company has received
      an Opinion of Counsel experienced in such matters to the effect that, as a
      result of a change in law or regulation or a written change in interpretation
      or
      application of law or regulation by any legislative body, court, governmental
      agency or regulatory authority after __________, 200_, there is more than an
      insubstantial risk that the Trust is or will be considered an investment company
      under the Investment Company Act of 1940, as amended.]

     

    [Interest
      installments whose Stated Maturity is on or prior to such Redemption Date will
      be payable to the Holder of such Security, or one or more Predecessor
      Securities, of record at the close of business on the related Regular Record
      Date referred to on the face hereof, all as provided in the
      Indenture.

     

    In
      the
      event of redemption of this Security in part only, a new Security or Securities
      of this series and of like tenor for the unredeemed portion hereof will be
      issued in the name of the Holder hereof upon the cancellation
      hereof.]

     

    The
      indebtedness evidenced by this Security is, to the extent provided in the
      Indenture, subordinated and subject in right of payment to the prior payment
      in
      full of all Senior Indebtedness of the Company, and this Security is issued
      subject to the provisions of the Indenture with respect thereto. Each Holder
      of
      this Security, by accepting the same, (a) agrees to and shall be bound by such
      provisions, (b) authorizes and directs the Trustee on his behalf to take such
      action as may be necessary or appropriate to acknowledge or effectuate the
      subordination so provided and (c) appoints the Trustee his attorney-in-fact
      for
      any and all such purposes. Each Holder hereof, by his acceptance hereof, hereby
      waives all notice of the acceptance of the subordination provisions contained
      herein and in the Indenture by each holder of Senior Indebtedness, whether
      now
      outstanding or hereafter incurred, and waives reliance by each such Holder
      upon
      said provisions.

     

    The
      Indenture contains provisions for defeasance at any time of the entire
      indebtedness of this Security upon compliance with certain conditions set forth
      in the Indenture including the Officer’s Certificate described
      above.

     

    If
      an
      Event of Default with respect to Securities of this series shall occur and
      be
      continuing, the principal of and interest on the Securities of this series
      may
      be declared due and payable in the manner and with the effect provided in the
      Indenture.

     

    The
      Indenture permits, with certain exceptions as therein provided, the amendment
      thereof and the modification of the rights and obligations of the Company and
      the rights of the Holders of the Securities of each series to be affected under
      the Indenture at any time by the Company and the Trustee with the consent of
      the
      Holders of a majority in principal amount of the Securities at the time
      Outstanding of all series to be affected. The Indenture also contains provisions
      permitting the Holders of specified percentages in principal amount of the
      Securities of each series at the time Outstanding, on behalf of the Holders
      of
      all Securities of such series, to waive compliance by the Company with certain
      provisions of the Indenture and certain past defaults under the Indenture and
      their consequences. Any such consent or waiver by the Holder of this Security
      shall be conclusive and binding upon such Holder and upon all future Holders
      of
      this Security and of any Security issued upon the registration of transfer
      hereof or in exchange herefor or in lieu hereof, whether or not notation of
      such
      consent or waiver is made upon this Security.

     

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

     

    As
      provided in and subject to the provisions of the Indenture, the Holder of this
      Security shall not have the right to institute any proceeding with respect
      to
      the Indenture or for the appointment of a receiver or trustee or for any other
      remedy thereunder, unless such Holder shall have previously given the Trustee
      written notice of a continuing Event of Default with respect to the Securities
      of this series, the Holders of a majority in aggregate principal amount of
      the
      Securities of all series at the time Outstanding in respect of which an Event
      of
      Default shall have occurred and be continuing shall have made written request
      to
      the Trustee to institute proceedings in respect of such Event of Default as
      Trustee and offered the Trustee reasonable indemnity, and the Trustee shall
      not
      have received from the Holders of a majority in aggregate principal amount
      of
      Securities of all series at the time Outstanding in respect of which an Event
      of
      Default shall have occurred and be continuing a direction inconsistent with
      such
      request, and shall have failed to institute any such proceeding, for 60 days
      after receipt of such notice, request and offer of indemnity. The foregoing
      shall not apply to any suit instituted by the Holder of this Security for the
      enforcement of any payment of principal hereof or any premium or interest hereon
      on or after the respective due dates expressed herein.

     

    No
      reference herein to the Indenture and no provision of this Security or of the
      Indenture shall alter or impair the obligation of the Company, which is absolute
      and unconditional, to pay the principal of and any premium and interest on
      this
      Security at the times, place and rate, and in the coin or currency, herein
      prescribed.

     

    [1Pursuant
      to Section 312 of the Indenture, so long as no Event of Default under the
      Indenture has occurred and is continuing with respect to the Securities of
      any
      series, the Company shall have the right, at any time and from time to time
      during the term of the Securities of this series, to extend the interest payment
      period to a period not exceeding __ consecutive quarterly periods (an “Extension
      Period”); provided that no Extension Period shall extend beyond the Stated
      Maturity or end on a day other than an Interest Payment Date. During the
      Extension Period interest (calculated for each Interest Period in the manner
      provided for on the face hereof, as if the interest payment period had not
      been
      so extended) will be compounded [quarterly]. At the end of the Extension Period,
      which shall be an Interest Payment Date, the Company shall pay all interest
      accrued and unpaid hereon (together with interest hereon at the rate specified
      for the Securities of this series, compounded [quarterly], to the extent
      permitted by applicable law) and Additional Interest, if any, to the Person
      in
      whose name the Securities of this series are registered at the close of business
      on the Regular Record Date for the Interest Payment Date on which such Extension
      Period ended; provided that any such accrued and unpaid interest payable at
      Stated Maturity or any Redemption Date will be paid to the Person to whom
      principal is payable. With respect to the Securities of this series, the term
      “Interest Period” shall mean each period from, and including, an Interest
      Payment Date to, but excluding, the next succeeding Interest Payment Date,
      except that the first Interest Period shall commence on the date of original
      issuance. However, during any such Extension Period, the Company shall not
      (i)
      declare or pay any dividends or distributions on its capital stock, or (ii)
      redeem, purchase, acquire or make a liquidation payment with respect to any
      of
      its capital stock, or (iii) pay any principal, interest or premium on, or repay,
      repurchase or redeem any debt securities that are equal or junior in right
      of
      payment to the Securities of this series, or (iv) make any payments with respect
      to any guarantee of debt securities by the Company if such guarantee is equal
      or
      junior in right of payment to the Securities of this series (“Restricted
      Payments”). 

     

    The
      foregoing provisions shall not prevent or restrict the Company from making:
      

     

    (a)    purchases,
      redemptions or other acquisitions of its capital stock in connection with any
      employment contract, benefit plan or other similar arrangement with or for
      the
      benefit of employees, officers, directors or agents or a stock purchase or
      dividend reinvestment plan, or the satisfaction of its obligations pursuant
      to
      any contract

     

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

     

    or
      security outstanding on the date that the interest payment period is extended
      requiring it to purchase, redeem or acquire its capital stock;

     

    (b)    any
      payment, repayment, redemption, purchase, acquisition or declaration of dividend
      described in clauses (i) and (ii) above as a result of a reclassification of
      its
      capital stock, or the exchange or conversion of all or a portion of one class
      or
      series of its capital stock for another class or series of its capital
      stock;

     

    (c)    the
      purchase of fractional interests in shares of its capital stock pursuant to
      the
      conversion or exchange provisions of its capital stock or the security being
      converted or exchanged, or in connection with the settlement of stock purchase
      contracts;

     

    (d)    dividends
      or distributions paid or made in its capital stock (or rights to acquire its
      capital stock), or repurchases, redemptions or acquisitions of capital stock
      in
      connection with the issuance or exchange of capital stock (or of securities
      convertible into or exchangeable for shares of its capital stock and
      distributions in connection with the settlement of stock purchase
      contracts);

     

    (e)    redemptions,
      exchanges or repurchases of, or with respect to, any rights outstanding under
      a
      shareholder rights plan or the declaration or payment thereunder of a dividend
      or distribution of or with respect to rights in the future; or

     

    (f)    payments
      under any preferred trust securities guarantee or guarantee of junior
      subordinated debentures executed and delivered by the Company concurrently
      with
      the issuance by a trust of any preferred trust securities, so long as the amount
      of payments made on any preferred trust securities or junior subordinated
      debentures (as the case may be) is paid on all preferred trust securities or
      junior subordinated debentures that are equal or senior in right of payment
      to
      the Securities of this series (as the case may be) then outstanding on a pro
      rata basis in proportion to the full distributions to which each series of
      preferred trust securities or junior subordinated debentures (as the case may
      be) is then entitled if paid in full.

     

    Prior
      to
      the termination of any such Extension Period, the Company may further extend
      the
      interest payment period, provided that such Extension Period together with
      all
      such previous and further extensions thereof shall not exceed __ consecutive
      quarterly periods at any one time or extend beyond the Maturity of the
      Securities of this series. Upon the termination of any such Extension Period
      and
      the payment of all amounts then due, including interest on deferred interest
      payments, the Company may elect to begin a new Extension Period, subject to
      the
      above requirements. No interest shall be due and payable during an Extension
      Period, except at the end thereof. The Company will give the Trust and the
      Trustee notice of its election of an Extension Period before the earlier of
      (i)
      the Business Day prior to the record date for the distribution on the Preferred
      Trust Securities which would occur but for such election or (ii) the date the
      Administrative Trustees of the Trust are required to give notice to any
      securities exchange or any other applicable self-regulatory organization of
      the
      record date for such distribution. The Trustee will cause the Trust to send
      notice of such election to the holders of Preferred Trust
      Securities.]

     

    The
      Securities of this series are issuable only in registered form without coupons
      in denominations of $[1,000][25] and integral multiples thereof. As provided
      in
      the Indenture and subject to certain limitations therein set forth, Securities
      of this series are exchangeable for a like aggregate principal amount of
      Securities of this series and of like tenor and of authorized denominations,
      as
      requested by the Holder surrendering the same.

     

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

     

    No
      service charge shall be made for any such registration of transfer or exchange,
      but the Company may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Company, the Trustee and any agent of the Company or the Trustee may treat
      the
      Person in whose name this Security is registered as the absolute owner hereof
      for all purposes, whether or not this Security be overdue, and neither the
      Company, the Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    All
      terms
      used in this Security which are defined either in the Indenture or in the
      Officer’s Certificate shall have the meanings assigned to them in the Indenture
      or in the Officer’s Certificate.

     

    
      
        
        

      

      
        A-7

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