Letter of Credit to Fleet Bank Uses in Acceptance of Procedure Clause

Acceptance of Procedure from Mutual Release Agreement

This Mutual Release Agreement (the "Mutual Release Agreement" or "Agreement") is executed as of this 31st day of March 2003, by and between Florida Public Utilities Company, a corporation incorporated under the laws of the state of Florida (FPUC), Lake Worth Generation, LLC, a limited liability company organized under the laws of the State of Delaware (LWG), The City of Lake Worth, a municipality located within the State of Florida (the City) and The AES Corporation, a corporation incorporated under the laws of the State of Delaware (AES).

Acceptance of Procedure. FPUC, LWG, the City and AES agree and confirm that the procedure as specified in section 3 of this Agreement for accomplishing (i) the partial draw on the Letter of Credit by FPUC; (ii) the release of the balance of the Letter of Credit; and (iii) the return of the original Letter of Credit to Fleet Bank conforms to section 7 of the Forbearance Agreement.