Hydro-Québec US$[ ] [ ]% [ ]Series [ ] due [ ] Guaranteed irrevocably and unconditionally by Québec FORM OF FISCAL AGENCY AGREEMENTAgency Agreement • December 22nd, 2011 • Hydro Quebec • Electric, gas & sanitary services
WHEREAS pursuant to a terms agreement (the “Terms Agreement”), dated as of [ ], between Hydro-Québec, the Guarantor and [ ], as Representative[s] of the several Underwriters named therein, which incorporates by reference all of the provisions of the Underwriting Agreement Standard Provisions for Hydro-Québec’s Debt Securities Guaranteed Irrevocably and Unconditionally as to Principal, Premium and Interest by Québec, dated [ ], as amended or supplemented from time to time, Hydro-Québec has agreed to create, issue and sell $[ ] in lawful money of the United States of America (“U.S. dollars” or “US$” or “$”) aggregate principal amount of [ ]% [ ]Series [ ] due [ ] (herein collectively called the “Notes”, or individually, a “Note”), guaranteed irrevocably and unconditionally by the Guarantor as to payments of principal and interest and Additional Amounts, if any (the “Guarantee”);
HYDRO-QUÉBEC Guaranteed Irrevocably and Unconditionally as to Principal, Premium and Interest by QUÉBEC FORM OF TERMS AGREEMENTFiscal Agency Agreement • December 22nd, 2011 • Hydro Quebec • Electric, gas & sanitary services
