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| SECTION 1.01.                  | Defined Terms                                                           | 1      |
|--------------------------------|-------------------------------------------------------------------------|--------|
| SECTION 1.02.                  | Terms Generally                                                         | 54     |
| SECTION 1.03.                  | Classification of Loans and Borrowings                                  | 55     |
|                           |                                                                    |   |
| ARTICLE II.                    |
|                           |                                                                    |   |
| The Credits                    |
|                           |                                                                    |   |
| SECTION 2.01.                  | Commitments                                                             | 56     |
| SECTION 2.02.                  | Loans                                                                   | 57     |
| SECTION 2.03.                  | Borrowing Procedure                                                     | 59     |
| SECTION 2.04.                  | Repayment of Loans; Evidence of Debt                                    | 60     |
| SECTION 2.05.                  | Fees                                                                    | 61     |
| SECTION 2.06.                  | Interest on Loans                                                       | 63     |
| SECTION 2.07.                  | Default Interest                                                        | 63     |
| SECTION 2.08.                  | Alternate Rate of Interest                                              | 63     |
| SECTION 2.09.                  | Termination and Reduction of Commitments                                | 64     |
| SECTION 2.10.                  | Conversion and Continuation of Borrowings                               | 65     |
| SECTION 2.11.                  | Repayment of Term Borrowings and Backstop LC Borrowings                 | 66     |
| SECTION 2.12.                  | Prepayment                                                              | 67     |
| SECTION 2.13.                  | Mandatory Prepayments and Reductions of Revolving Credit Commitments    | 68     |
| SECTION 2.14.                  | Reserve Requirements; Change in Circumstances                           | 70     |
| SECTION 2.15.                  | Change in Legality                                                      | 71     |
| SECTION 2.16.                  | Indemnity                                                               | 72     |
| SECTION 2.17.                  | Pro Rata Treatment                                                      | 72     |
| SECTION 2.18.                  | Sharing of Setoffs                                                      | 73     |
| SECTION 2.19.                  | Payments                                                                | 73     |
| SECTION 2.20.                  | Taxes                                                                   | 74     |
| SECTION 2.21.                  | Assignment of Commitments Under Certain Circumstances; Duty to Mitigate | 75     |
| SECTION 2.22.                  | Revolving Letters of Credit                                             | 76     |
| SECTION 2.23.                  | Backstop Letter of Credit                                               | 82     |
| SECTION 2.24.                  | Revolving Credit Facility Extension                                     | 88     |
|                           |                                                                    |   |
| ARTICLE III.                   |
|                           |                                                                    |   |
| Representations and Warranties |
|                           |                                                                    |   |
| SECTION 3.01.                  | Organization; Powers; Corporate Structure                               | 89     |

----

| SECTION 3.02.         | Authorization; No Conflicts                                       | 90     |
|-----------------------|-------------------------------------------------------------------|--------|
| SECTION 3.03.         | Enforceability; No Amendments                                     | 90     |
| SECTION 3.04.         | Governmental Approvals                                            | 91     |
| SECTION 3.05.         | No Material Adverse Change                                        | 91     |
| SECTION 3.06.         | Title to Properties; Possession Under Leases; Real Estate Matters | 91     |
| SECTION 3.07.         | Compliance with Laws                                              | 92     |
| SECTION 3.08.         | Federal Reserve Regulations                                       | 93     |
| SECTION 3.09.         | Investment Company Act                                            | 93     |
| SECTION 3.10.         | Employee Benefit Plans                                            | 93     |
| SECTION 3.11.         | Business, Debt, Contracts, Joint Ventures; Separateness           | 93     |
| SECTION 3.12.         | Permits                                                           | 94     |
| SECTION 3.13.         | Environmental Matters                                             | 95     |
| SECTION 3.14.         | Litigation                                                        | 96     |
| SECTION 3.15.         | Labor Disputes                                                    | 96     |
| SECTION 3.16.         | Project Contracts                                                 | 96     |
| SECTION 3.17.         | Taxes                                                             | 97     |
| SECTION 3.18.         | Energy Regulation                                                 | 97     |
| SECTION 3.19.         | Construction Budget; Construction Schedule; Projections           | 97     |
| SECTION 3.20.         | Financial Statements                                              | 97     |
| SECTION 3.21.         | No Default                                                        | 97     |
| SECTION 3.22.         | Offices, Location of Collateral                                   | 98     |
| SECTION 3.23.         | Intellectual Property                                             | 98     |
| SECTION 3.24.         | Collateral                                                        | 98     |
| SECTION 3.25.         | Sufficiency of Project Contracts                                  | 99     |
| SECTION 3.26.         | Utilities; Fuel Supply                                            | 99     |
| SECTION 3.27.         | Interconnection Facilities                                        | 99     |
| SECTION 3.28.         | Disclosure                                                        | 99     |
| SECTION 3.29.         | Solvency                                                          | 100    |
| SECTION 3.30.         | Insurance                                                         | 100    |
| SECTION 3.31.         | Foreign Assets Control Regulations, Etc.                          | 100    |
|                  |                                                              |   |
| ARTICLE IV.           |
|                  |                                                              |   |
| Conditions of Lending |
|                  |                                                              |   |
| SECTION 4.01.         | Closing Date; First Borrowing                                     | 101    |
| SECTION 4.02.         | Borrowings of Construction Loans                                  | 108    |
| SECTION 4.03.         | All Borrowings                                                    | 111    |
| SECTION 4.04.         | Term-Conversion                                                   | 112    |
|                  |                                                              |   |
| ARTICLE V.            |
|                  |                                                              |   |
| Affirmative Covenants |

----

| SECTION 5.01.      | Use of Proceeds and Operating Revenues                                 | 114    |
|--------------------|------------------------------------------------------------------------|--------|
| SECTION 5.02.      | Warranty of Title                                                      | 115    |
| SECTION 5.03.      | Notices                                                                | 115    |
| SECTION 5.04.      | Financial Statements                                                   | 118    |
| SECTION 5.05.      | Books, Records, Access                                                 | 118    |
| SECTION 5.06.      | Compliance with Laws.                                                  | 119    |
| SECTION 5.07.      | Existence; Construction of Project                                     | 119    |
| SECTION 5.08.      | Delivery of Certain Project Contracts                                  | 120    |
| SECTION 5.09.      | Operation of Project; Annual Operating Budget; Annual Operating Report | 120    |
| SECTION 5.10.      | Preservation of Rights; Further Assurances; Excess Cash Flow; Consents | 121    |
| SECTION 5.11.      | Maintenance of Insurance                                               | 122    |
| SECTION 5.12.      | Taxes, Other Government Charges and Utility Charges                    | 122    |
| SECTION 5.13.      | Event of Eminent Domain                                                | 123    |
| SECTION 5.14.      | Interest Rate Protection                                               | 123    |
| SECTION 5.15.      | Independent Engineer                                                   | 124    |
| SECTION 5.16.      | Energy Regulation                                                      | 125    |
| SECTION 5.17.      | Separate Existence                                                     | 125    |
| SECTION 5.18.      | Maintain Ratings                                                       | 126    |
| SECTION 5.19.      | Mandatory Tender                                                       | 126    |
|               |                                                                   |   |
| ARTICLE VI.        |
|               |                                                                   |   |
| Negative Covenants |
|               |                                                                   |   |
| SECTION 6.01.      | Contingent Liabilities                                                 | 127    |
| SECTION 6.02.      | Limitations on Liens                                                   | 127    |
| SECTION 6.03.      | Debt                                                                   | 128    |
| SECTION 6.04.      | Restricted Payments                                                    | 128    |
| SECTION 6.05.      | Sale or Lease of Assets                                                | 128    |
| SECTION 6.06.      | Activities                                                             | 128    |
| SECTION 6.07.      | Pre-payments, Redemptions and Repurchases of Debt                      | 128    |
| SECTION 6.08.      | Creation or Formation of Subsidiaries                                  | 128    |
| SECTION 6.09.      | Dissolution; Mergers and Consolidations; Organizational Documents      | 128    |
| SECTION 6.10.      | Lease Transactions                                                     | 129    |
| SECTION 6.11.      | Investments                                                            | 129    |
| SECTION 6.12.      | Transactions With Affiliates                                           | 129    |
| SECTION 6.13.      | Regulations                                                            | 129    |
| SECTION 6.14.      | ERISA                                                                  | 129    |
| SECTION 6.15.      | Partnerships, Etc                                                      | 129    |
| SECTION 6.16.      | Speculative Transactions                                               | 130    |
| SECTION 6.17.      | Capital Expenditures                                                   | 130    |
| SECTION 6.18.      | Amendments of Project Contracts and Debt Documents                     | 130    |

----

| SECTION 6.19.                             | Name and Location; Fiscal Year              | 131    |
|-------------------------------------------|---------------------------------------------|--------|
| SECTION 6.20.                             | Use of Project Site                         | 131    |
| SECTION 6.21.                             | Assignment; Creditworthy                    | 132    |
| SECTION 6.22.                             | Abandonment of Project                      | 132    |
| SECTION 6.23.                             | Hazardous Substances                        | 132    |
| SECTION 6.24.                             | Additional Project Contracts                | 133    |
|                                      |                                        |   |
| ARTICLE VII.                              |
|                                      |                                        |   |
| Events of Default                         |
|                                      |                                        |   |
| SECTION 7.01.                             | Events of Default                           | 133    |
| SECTION 7.02.                             | Remedies                                    | 140    |
| SECTION 7.03.                             | Cumulative Remedies                         | 142    |
| ARTICLE VIII. The Agents and the Arranger |
| SECTION 8.01.                             | Appointment                                 | 142    |
| SECTION 8.02.                             | Right and Powers                            | 142    |
| SECTION 8.03.                             | Duties, Responsibilities and Obligations    | 142    |
| SECTION 8.04.                             | Reliance                                    | 143    |
| SECTION 8.05.                             | Sub-Agents                                  | 143    |
| SECTION 8.06.                             | Resignation                                 | 144    |
| SECTION 8.07.                             | Arranger and Sole Bookrunner                | 144    |
| SECTION 8.08.                             | Independent Credit Analysis                 | 144    |
| SECTION 8.09.                             | Withholding                                 | 145    |
| SECTION 8.10.                             | Collateral Agent                            | 145    |
|                                      |                                        |   |
| ARTICLE IX.                               |
| Miscellaneous                             |
|                                      |                                        |   |
| SECTION 9.01.                             | Notices                                     | 145    |
| SECTION 9.02.                             | Survival of Agreement                       | 147    |
| SECTION 9.03.                             | Binding Effect                              | 147    |
| SECTION 9.04.                             | Successors and Assigns                      | 147    |
| SECTION 9.05.                             | Expenses; Indemnity                         | 151    |
| SECTION 9.06.                             | Right of Setoff                             | 153    |
| SECTION 9.07.                             | APPLICABLE LAW                              | 153    |
| SECTION 9.08.                             | Waivers; Amendment                          | 153    |
| SECTION 9.09.                             | Interest Rate Limitation                    | 154    |
| SECTION 9.10.                             | Entire Agreement                            | 154    |
| SECTION 9.11.                             | WAIVER OF JURY TRIAL                        | 155    |
| SECTION 9.12.                             | Severability                                | 155    |
| SECTION 9.13.                             | Counterparts                                | 155    |
| SECTION 9.14.                             | Headings                                    | 156    |
| SECTION 9.15.                             | Jurisdiction; Consent to Service of Process | 156    |

----

| SECTION 9.16.                | Confidentiality                                | 156    |
|------------------------------|------------------------------------------------|--------|
| SECTION 9.17.                | Collateral Agency Agreement                    | 157    |
| SECTION 9.18.                | Borrower Voting                                | 157    |
| SECTION 9.19.                | Scope of Liability                             | 158    |
| SECTION 9.20.                | Patriot Act                                    | 159    |
|                         |                                           |   |
| ARTICLE X.                   |
| Controlling Party Agreements |
|                         |                                           |   |
| SECTION 10.01.               | Voting Rights                                  | 159    |
| SECTION 10.02.               | Other Matters                                  | 162    |
| SECTION 10.03.               | Return of Loan Insurance Policy and DSR Surety | 163    |

|   | Appendix A-1 | Construction Loan Commitments |
|--------|--------------|-------------------------------|

|   | Appendix A-2 | Term Loan Commitments |
|--------|--------------|-----------------------|

|   | Appendix A-3 | Revolving Commitments |
|--------|--------------|-----------------------|

|   | Appendix A-4 | Backstop LC Commitments |
|--------|--------------|-------------------------|

|   | Appendix B | Notice Addresses |
|--------|------------|------------------|

|   | Exhibit A | Form of Administrative Questionnaire |
|--------|-----------|--------------------------------------|

|   | Exhibit B | Form of Assignment and Acceptance |
|--------|-----------|-----------------------------------|

|   | Exhibit C-1 | Form of Borrowing Request |
|--------|-------------|---------------------------|

|   | Exhibit C-2 | Form of Term-Conversion Borrowing Request |
|--------|-------------|-------------------------------------------|

|   | Exhibit C-3 | Form of Request for Revolving Letter of Credit |
|--------|-------------|------------------------------------------------|

|   | Exhibit C-4 | Form of Request for Backstop Letter of Credit |
|--------|-------------|-----------------------------------------------|

|   | Exhibit D-1 | List of Closing Date Consents |
|--------|-------------|-------------------------------|

|   | Exhibit D-2 | Form of Acknowledgment Letter |
|--------|-------------|-------------------------------|

|   | Exhibit D-3 | Form of Third Party Consent |
|--------|-------------|-----------------------------|

|   | Exhibit E | Form of Progress Report |
|--------|-----------|-------------------------|

|   | Exhibit F | Form of Security Agreement |
|--------|-----------|----------------------------|

|   | Exhibit G | Form of Pledge Agreement |
|--------|-----------|--------------------------|

|   | Exhibit H | Form of Mortgage |
|--------|-----------|------------------|

|   | Exhibit I | Form of Non-Bank Certificate |
|--------|-----------|------------------------------|

|   | Exhibit J | Form of Certificate of Insurance Consultant |
|--------|-----------|---------------------------------------------|

|   | Exhibit K-1 | Form of Initial Credit Event Certificate of Independent Engineer |
|--------|-------------|------------------------------------------------------------------|

|   | Exhibit K-2 | Form of Credit Event Certificate of Independent Engineer |
|--------|-------------|----------------------------------------------------------|

|   | Exhibit L | Form of Construction Budget |
|--------|-----------|-----------------------------|

|   | Exhibit M | Form of Construction Schedule |
|--------|-----------|-------------------------------|

|   | Exhibit N | Form of Base Case Projections |
|--------|-----------|-------------------------------|

|   | Exhibit O | Form of Construction Loan Note |
|--------|-----------|--------------------------------|

|   | Exhibit P | Form of Term Note |
|--------|-----------|-------------------|

|   | Exhibit Q | Form of Revolving Credit Note |
|--------|-----------|-------------------------------|

|   | Exhibit R | Form of Backstop LC Note |
|--------|-----------|--------------------------|

|   | Exhibit S-1 | Form of Backstop Letter of Credit (Credit Suisse) |
|--------|-------------|---------------------------------------------------|

|   | Exhibit S-2 | Form of Backstop Letter of Credit (Trustee) |
|--------|-------------|---------------------------------------------|

|   | Exhibit T | Form of Revolving Letter of Credit |
|--------|-----------|------------------------------------|

----

|   | Schedule 1.01(a) | Excluded Collateral |
|--------|------------------|---------------------|

|   | Schedule 1.01(b) | Mortgaged Properties |
|--------|------------------|----------------------|

|   | Schedule 2.11(b) | Term Loan Amortization Schedule |
|--------|------------------|---------------------------------|

|   | Schedule 2.11(c) | Backstop LC Loan Amortization Schedule |
|--------|------------------|----------------------------------------|

|   | Schedule 3.12 | Permits |
|--------|---------------|---------|

|   | Schedule 3.13 | Hazardous Substances |
|--------|---------------|----------------------|

|   | Schedule 3.14 | Litigation |
|--------|---------------|------------|

|   | Schedule 3.16 | Contracts |
|--------|---------------|-----------|

|   | Schedule 3.24 | Collateral |
|--------|---------------|------------|

|   | Schedule 4.01(y) | Permitted Debt |
|--------|------------------|----------------|

|   | Schedule 4.02(d) | Legal Opinions |
|--------|------------------|----------------|

|   | Schedule 5.11 | Required Insurance |
|--------|---------------|--------------------|

|   | Schedule 6.12 | Affiliate Transactions |
|--------|---------------|------------------------|

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(k)            Additional Issuing Banks. The Borrower may, at any time and from time to time with the consent of the Administrative Agent and the Controlling Party (which consents shall not beunreasonably withheld or delayed) and such Revolving Credit Lender, designate one or more additional Revolving Credit Lenders to act as an issuing bank under the terms of the Agreement. Any Revolving Credit Lender designated as an issuing bank pursuant to this paragraph shall be deemed to be an “Issuing Bank” (in addition to being a Revolving Credit Lender) in respect of Revolving Letters of Credit issued or to be issued by such Revolving Credit Lender, and, with respect to such Revolving Lettersof Credit, such term shall thereafter apply to the other Issuing Bank and such Revolving Credit Lender. 

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|   | PLUM POINT ENERGY ASSOCIATES, LLC, as Borrower                                      |
|--------|-------------------------------------------------------------------------------------|
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | By:                                                                                 |   |   |
|   |                                                                                | Name: |   |
|   |                                                                                | Title: |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | THE ROYAL BANK OF SCOTLAND PLC, as Administrative Agent and Issuing Bank            |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | By:                                                                                 |   |   |
|   |                                                                                | Name: |   |
|   |                                                                                | Title: |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | By:                                                                                 |   |   |
|   |                                                                                | Name: |   |
|   |                                                                                | Title: |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | THE BANK OF NEW YORK, not in its individual capacity but solely as Collateral Agent |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | By:                                                                                 |   |   |
|   |                                                                                | Name: |   |
|   |                                                                                | Title: |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | AMBAC ASSURANCE CORPORATION, as Loan Insurer                                        |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   |                                                                                |   |   |
|   | By:                                                                                 |   |   |
|   |                                                                                | Name: |   |
|   |                                                                                | Title: |   |

----

----

| Institution                    | Facility                      | Amount          |
|--------------------------------|-------------------------------|-----------------|
|                           |                          |            |
| The Royal Bank of Scotland plc | Construction Loan Commitments | USD 700,000,000 |
|                           |                          |            |

----

| Institution                    | Facility              | Amount          |
|--------------------------------|-----------------------|-----------------|
|                           |                  |            |
| The Royal Bank of Scotland plc | Term Loan Commitments | USD 700,000,000 |
|                           |                  |            |

----

| Institution                    | Facility                     | Amount         |
|--------------------------------|------------------------------|----------------|
|                           |                         |           |
| The Royal Bank of Scotland plc | Revolving Credit Commitments | USD 17,000,000 |
|                           |                         |           |

----

| Institution                    | Facility                | Amount          |
|--------------------------------|-------------------------|-----------------|
|                           |                    |            |
| The Royal Bank of Scotland plc | Backstop LC Commitments | USD 102,000,000 |
|                           |                    |            |

----

----

|                       |                        |   |                         |   |   |
|----------------------------|-----------------------------|--------|------------------------------|--------|--------|
|                       |                        |   |                         |   |   |   |
| Lending Institution:  |                        |   |                         |   |   |   |
| Name for Signature Pages:  |                        |   |                         |   |   |
|                       | Will sign Credit Agreement: | £ |                         |   |
|                       | Will come via Assignment:   | £ | Number of Days post-closing: |   |   |
| Name for Signature Blocks: |                        |   |                         |   |   |
| Name for Publicity:        |                        |   |                         |   |   |
| Address:                   |                        |   |                         |   |   |
| Main Telephone:            |                        |   |                         |   |
| Telex No./Answer back:     |                        |   |                         |   |
|                       |                        |   |                         |   |   |   |
|                       |                        |   |                         |   |   |
|                       |                        |   |                         |   |   |
| CONTACT-Credit             | Name:                       |   |                         |   |   |   |
|                       | Address:                    |   |                         |   |   |   |
|                       |                        |   |                         |   |   |   |
| Telephone:                 |                        |   |                         |   |   |
|                       | Fax:                        |   |                         |   |   |   |
|                       |                        |   |                         |   |   |   |
| CONTACT-Operations         | Name:                       |   |                         |   |   |   |
|                       | Address:                    |   |                         |   |   |   |
|                       |                        |   |                         |   |   |   |
| Telephone:                 |                        |   |                         |   |   |
|                       | Fax:                        |   |                         |   |   |   |
|                       |                        |   |                         |   |   |
| PAYMENT INSTRUCTIONS       |                        |   |                         |
|                       |                        |   |                         |   |   |
| Bank Name:                 |                        |   |                         |   |   |
| ABA/Routing No.:           |                        |   |                         |   |   |
| Account Name:              |                        |   |                         |   |   |
| Account No.:               |                        |   |                         |   |   |
| For further credit:        |                        |   |                         |   |   |
| Account No.:               |                        |   |                         |   |   |
| Attention:                 |                        |   |                         |   |   |
| Reference:                 |                        |   |                         |   |   |

----

| ADMINISTRATIVE DETAILS         |
|--------------------------------|
|                           |   |
|                           | Account Administrator |
| The Royal Bank of Scotland plc | Attn: Luis Montanti |
| 101 Park Avenue                | Tel: (212) 401-1402 |
| New York, NY 10178             | Fax: (212) 401-1478 |
| Main Telephone: (212) 401-3200 | E-mail: Luis.Montanti@rbos.com |
|                           |   |
| Wire Instructions:             | JP Morgan Chase Bank |
|                           |   |
|                           | ABA: 021-000-021 |
|                           |   |
|                           | Account Name: Royal Bank of Scotland plc |
|                           |   |
|                           | A/C #: 400-931-052 |
|                           |   |
|                           | Reference: Plum Point Energy Associates, LLC |

----

| 1 | Bracketed language not applicable if the Assignee is the Loan Insurer, in its capacity as such, but only to the extent of the obligations of the Assignor already paid by the Loan Insurer to the Assignor prior to the Loan Insurer becoming the Assignee and not for future obligations. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Bracketed language not applicable if the Assignee is the Loan Insurer, in its capacity as such, but only to the extent of the obligations of the Assignor already paid by the Loan Insurer to the Assignor prior to the Loan Insurer becoming the Assignee and not for future obligations. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Bracketed language not applicable if the Assignee is the Loan Insurer, in its capacity as such, but only to the extent of the obligations of the Assignor already paid by the Loan Insurer to the Assignor prior to the Loan Insurer becoming the Assignee and not for future obligations. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Bracketed language not applicable if the Assignee is the Loan Insurer, in its capacity as such, but only to the extent of the obligations of the Assignor already paid by the Loan Insurer to the Assignor prior to the Loan Insurer becoming the Assignee and not for future obligations. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.     | Assignor:             |   |                                                                                                                                                                                                                                                                                                                                                           |   |
|--------|-----------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                  |   |                                                                                                                                                                                                                                                                                                                                                           |   |
| 2.     | Assignee:             |   |                                                                                                                                                                                                                                                                                                                                                           |   |
|   |                  |   |                                                                                                                                                                                                                                                                                                                                                           |
| 3.     | Borrower:             |   | Plum Point Energy Associates, LLC                                                                                                                                                                                                                                                                                                                              |
|   |                  |   |                                                                                                                                                                                                                                                                                                                                                           |
| 4.     | Administrative Agent: |   | The Royal Bank of Scotland plc, as the administrative agent under the Credit Agreement                                                                                                                                                                                                                                                                         |
|   |                  |   |                                                                                                                                                                                                                                                                                                                                                           |
| 5.     | Credit Agreement:     |   | The Credit Agreement dated as of March 29, 2007 among the Borrower, the Lenders from time to time party thereto, Ambac Assurance Corporation, as Loan Insurer, the Administrative Agent, The Royal Bank of Scotland plc, as Issuing Bank, The Bank of New York, as Collateral Agent, and RBS Securities Corporation, as Sole Lead Arranger andSole Bookrunner. |
|   |                  |   |                                                                                                                                                                                                                                                                                                                                                           |
| 6.     | Assigned Interest:    |   |                                                                                                                                                                                                                                                                                                                                                           |

| FacilityAssigned | [AssignedFees andInterest]6 | AggregateAmount ofCommitment/Loans for allLenders* | Amount ofCommitment/Loans Assigned* | PercentageAssigned ofCommitment/Loans7 | CUSIPNumber(if any) |
|------------------|-----------------------------|----------------------------------------------------|-------------------------------------|----------------------------------------|---------------------|
|             |                        | $                                                  | $                                   | %                                      |                |
|             |                        | $                                                  | $                                   | %                                      |                |
|             |                        | $                                                  | $                                   | %                                      |                |

| 5 | Bracketed language not applicable if the Assignee is the Loan Insurer, in its capacity as such, but only to the extent of the obligations of the Assignor already paid by the Loan Insurer to the Assignor prior to the Loan Insurer becoming the Assignee and not for future obligations. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | If the Assignee is the Loan Insurer, the chart should include information describing the assigned fees and interest. |
|---|----------------------------------------------------------------------------------------------------------------------|

| * | Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. |
|---|-------------------------------------------------------------------------------------------------------|

----

| [7. | Trade Date: |   | _________________]8 |
|-----|-------------|--------|---------------------|

|   | ASSIGNOR           |
|--------|--------------------|
|   | [NAME OF ASSIGNOR] |
|   |               |
|   | By:                |   |   |
|   | Name:              |
|   | Title:             |
|   |               |
|   | ASSIGNEE           |
|   | [NAME OF ASSIGNEE] |
|   |               |
|   | By:                |   |   |
|   | Name:              |
|   | Title:             |

----

| [Consented to and Accepted:       |
|-----------------------------------|
|                              |
| THE ROYAL BANK OF SCOTLAND PLC,   |
| as Administrative Agent           |
|                              |
| By:                               |   |   |
| Name:                             |
| Title:                            |
|                              |
| Consented to:                     |
|                              |
| Plum Point Energy Associates, LLC |
|                              |
| By:                               |   |   |
| Name:                             |
| Title:]9                          |
|                              |
| [Consented to:                    |
|                              |
| Ambac Assurance Corporation,      |
| as Loan Insurer]10                |
|                              |
| By:                               |   |   |
| Name:                             |
| Title:                            |

| 9 | The Administrative Agent and the Borrower do not consent to any assignment to the Loan Insurer. |
|---|-------------------------------------------------------------------------------------------------|

| 10 | Only for so long as the Loan Insurer is the Controlling Party. |
|----|----------------------------------------------------------------|

----

| 11 | Only if the Loan Insurer is the Controlling Party at the time of the assignment. |
|----|----------------------------------------------------------------------------------|

----

| 12 | Bracketed language not applicable if the Assignee is the Loan Insurer, in its capacity as such, but only to the extent of the obligations of the Assignor already paid by the Loan Insurer to the Assignor prior to the Loan Insurer becoming the Assignee and not for future obligations. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | [Date]1 |
|--------|---------|

| (A)    | Date of Borrowing              |   |   |
|--------|--------------------------------|--------|--------|
|   | (which is a Business Day)      |   |   |
|   |                           |   |   |
| (B)    | Principal Amount of Borrowing2 |   |   |
|   |                           |   |   |
| (C)    | Class and Type of Borrowing3   |   |   |

----

|   |                                                                                                                                                                                  |   |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| (D)    | Interest Period and the last day                                                                                                                                                      |   |   |
|   | thereof4                                                                                                                                                                              |   |   |
|   |                                                                                                                                                                                  |   |   |
| (E)    | Funds are requested to be disbursed to the Borrower’s account with The Royal Bank of Scotland plc [Insert reference to Construction Account or Revenue Account, as applicable]. |

|   | Plum Point Energy Associates, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               |   |   |
|   | Name:                             |
|   | Title: [Responsible Officer]      |

----

|   | [Date] |
|--------|--------|

| (A)    | Date of Term-Conversion        |   |   |
|--------|--------------------------------|--------|--------|
|   | (which is a Business Day)      |   |   |
|   |                           |   |   |
| (B)    | Principal Amount of Borrowing  |   |   |
|   | and/or Loans to be converted 1 |   |   |
|   |                           |   |   |
| (C)    | Types of Loans to be converted |   |   |
|   | and Type of Borrowing2         |   |   |

----

| (D)    | Interest Period and the last day                                                                                                                                                      |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | thereof3                                                                                                                                                                              |   |   |
|   |                                                                                                                                                                                  |   |
| (E)    | Funds are requested to be disbursed to the Borrower’s account with The Royal Bank of Scotland plc [Insert reference to Construction Account or Revenue Account, as applicable]. |

|   | Plum Point Energy Associates, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               |   |   |
|   | Name:                             |
|   | Title: [Responsible Officer]      |

----

----

|   | [Date]1 |
|--------|---------|

| 1 | The request shall be delivered not less than three (3) Business Days in advance of the date specified in (A) below. |
|---|---------------------------------------------------------------------------------------------------------------------|

----

| (A)    | Date of [issuance][amendment][renewal][extension]                                                             |   |   |   |   |
|--------|---------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|   | (which is a Business Day)                                                                                     |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
| (B)    | [Number of Revolving Letter of Credit to be amended,                                                          |   | [      |   | ]      |
|   | renewed or extended]                                                                                          |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
| (C)    | Date of expiration of Revolving Letter of Credit2                                                             |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
| (D)    | Amount of Revolving Letter of Credit3                                                                         |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
| (E)    | Name of beneficiary of Revolving Letter of Credit                                                             |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
| (F)    | Address of beneficiary of Revolving Letter of Credit                                                          |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
|   |                                                                                                          |   |   |   |   |
| (G)    | The documents to be presented by such beneficiary in case of any drawing under the Revolving Letter of Credit |   |   |   |   |

|   | Plum Point Energy Associates, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               |   |   |   |
|   | Name:                             |   |   |   |
|   | Title:                            |   | [Responsible | Officer] |

| 2 | Which shall be in compliance with Section 2.22(c) of the Credit Agreement. |
|---|----------------------------------------------------------------------------|

| 3 | After giving effect to the amount specified in (D), the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1 | The request shall be delivered not less than three (3) Business Days in advance of the date specified in (A) below. |
|---|---------------------------------------------------------------------------------------------------------------------|

----

| (A)    | Date of [issuance][amendment][renewal][extension]                        |   |   |   |   |
|--------|--------------------------------------------------------------------------|--------|--------|--------|--------|
|   | (which is a Business Day)                                                |   |   |   |   |
|   |                                                                     |   |   |   |   |
| (B)    | [Number of Backstop Letter of Credit to be amended, renewed or extended] |   | [      |   | ]      |
|   |                                                                     |   |   |   |   |
| (C)    | Date of expiration of Backstop Letter of Credit2                         |   |   |   |   |
|   |                                                                     |   |   |   |   |
| (D)    | Amount of Backstop Letter of Credit3                                     |   |   |   |   |
|   |                                                                     |   |   |   |   |
| (E)    | Name of beneficiary of Backstop Letter of Credit                         |   |   |   |   |
|   |                                                                     |   |   |   |   |
| (F)    | Address of beneficiary of Backstop Letter of Credit                      |   |   |   |   |

|   | Plum Point Energy Associates, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               |
|   |                              |
|   | Name:                             |
|   | Title: [Responsible Officer]      |

| 2 | Which shall be in compliance with Section 2.23(c) of the Credit Agreement. |
|---|----------------------------------------------------------------------------|

| 3 | After giving effect to the amount specified in (D), the Aggregate Backstop LC Credit Exposure shall not exceed the Total Backstop LC Commitment. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1. | Lessor Acknowledgement of the City of Osceola, Arkansas |
|----|---------------------------------------------------------|

| 2. | Co-Tenant Consent of East Texas Electric Cooperative, Inc. |
|----|------------------------------------------------------------|

| 3. | Co-Tenant Consent of Missouri Joint Municipal Electric Utility Commission |
|----|---------------------------------------------------------------------------|

| 4. | Co-Tenant Consent of The Empire District Electric Company |
|----|-----------------------------------------------------------|

| 5. | Co-Tenant Consent of Municipal Energy Agency of Mississippi |
|----|-------------------------------------------------------------|

| 6. | Third Party Consent of Entergy Arkansas, Inc. |
|----|-----------------------------------------------|

| 7. | Third Party Consent of LSP Services Plum Point, LLC |
|----|-----------------------------------------------------|

| 8. | Third Party Consent of Plum Point Partners, Zachry Construction Corporation, Overland Contracting Inc., Gilbert Central Corp., Black & Veatch Holding Company and Kiewit Construction Company |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Third Party Consent of BNSF Railway Company |
|----|---------------------------------------------|

| 10. | Consent of The Empire District Electric Company (Power Purchase Agreement) |
|-----|----------------------------------------------------------------------------|

| 11. | Consent of Missouri Joint Municipal Electric Utility Commission (Power Purchase Agreement) |
|-----|--------------------------------------------------------------------------------------------|

| 12. | Consent of South Mississippi Electric Utility Commission (Power Purchase Agreement) |
|-----|-------------------------------------------------------------------------------------|

| 13. | Consent of Southwest Electric Cooperative Inc. (Power Purchase Agreement) |
|-----|---------------------------------------------------------------------------|

----

----

----

|   | THE BANK OF NEW YORK,           |   |
|--------|---------------------------------|--------|
|   | as Replacement Collateral Agent |   |
|   |                            |   |
|   | By:                             |   |   |
|   | Name:                           |   |
|   | Title:                          |   |

----

| By:    |   |   |
|--------|--------|--------|
|   | Name:  |   |
|   | Title: |   |

| By:    |   |   |
|--------|--------|--------|
| Name:  |   |
| Title: |   |

| By:    |   |   |
|--------|--------|--------|
| Name:  |   |
| Title: |   |

----

| 1. | Notices: Notices and other communications to the Replacement Collateral Agent shall be addressed as follows: |
|----|--------------------------------------------------------------------------------------------------------------|

| 2. | Location of Payments: The following text replaces Exhibit A of the Consent in its entirety to read: |
|----|-----------------------------------------------------------------------------------------------------|

----

| I. | ACKNOWLEDGMENT; CONSENT TO ASSIGNMENT |
|----|---------------------------------------|

----

----

| II. | PAYMENT; CONTRACT STIPULATIONS AND MODIFICATIONS |
|-----|--------------------------------------------------|

----

| III. | REPRESENTATIONS AND WARRANTIES |
|------|--------------------------------|

----

| IV. | NOTICES |
|-----|---------|

|                    |                                                   |
|-------------------------|--------------------------------------------------------|
| If to Third Party:      |
|                    | ___________________________________                    |
|                    | ___________________________________                    |
|                    | ___________________________________                    |
|                    | Attn:                                                  |
|                    | Tel:                                                   |
|                    | Fax:                                                   |
|                    |                                                   |
| If to Collateral Agent: |
|                    |                                                   |
|                    | The Bank of New York                                   |
|                    | 101 Barclay Street, Floor 8W                           |
|                    | New York, NY 10286                                     |
|                    | Attn: Corporate Trust Administration-Corporate Finance |
|                    | Fax: (212) 815- 5707 or (212) 815- 5074                |
|                    |                                                   |
| If to Borrower:         |
|                    | Plum Point Energy Associates, LLC                      |
|                    | Two Tower Center, 11th Floor                           |
|                    | East Brunswick, New Jersey 08816                       |
|                    | Attn:                                                  |
|                    | Tel:                                                   |
|                    | Fax:                                                   |

----

| V. | ASSIGNMENT, TERMINATION, AMENDMENT AND GOVERNING LAW |
|----|------------------------------------------------------|

| VI. | COUNTERPARTS |
|-----|--------------|

| VII. | SEVERABILITY |
|------|--------------|

----

| VIII. | TERMINATION |
|-------|-------------|

| IX. | FURTHER ASSURANCES |
|-----|--------------------|

| X. | WAIVER OF JURY TRIAL |
|----|----------------------|

| XI. | ENTIRE AGREEMENT |
|-----|------------------|

| XII. | HEADINGS |
|------|----------|

----

|   | [THIRD PARTY], a [_______________] corporation                    |
|--------|------------------------------------------------------------------------|
|   |                                                                   |
|   | By: __________________________________                                 |
|   | Name: __________________________                                       |
|   | Title: ___________________________                                     |
|   |                                                                   |
|   | THE BANK OF NEW YORK, as Collateral Agent                              |
|   |                                                                   |
|   | By: __________________________________                                 |
|   | Name: __________________________                                       |
|   | Title: ___________________________                                     |
|   |                                                                   |
|   | PLUM POINT ENERGY ASSOCIATES, LLC,a Delaware limited liability company |
|   |                                                                   |
|   | By: __________________________________                                 |
|   | Name: __________________________                                       |
|   | Title: ___________________________                                     |

----

----

| A. | Executive Summary |
|----|-------------------|

| B. | Summary of major activities completed since last progress report: |
|----|-------------------------------------------------------------------|

| C. | Summary of significant activities planned for the upcoming period: |
|----|--------------------------------------------------------------------|

| D. | Procurement status including an aggregate list of purchase orders and contracts executed, including date of execution: |
|----|------------------------------------------------------------------------------------------------------------------------|

| E. | Expediting status including an aggregate list of equipment delivered to the Site, including date of delivery and acceptance by the EPC Contractor: |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| F. | Schedule analysis and overview: |
|----|---------------------------------|

|   | 1. | The most current project schedule |
|--------|----|-----------------------------------|

|   | 2. | Milestones met, milestones not met, and reasons why |
|--------|----|-----------------------------------------------------|

|   | 3. | Targeted milestones for the next month |
|--------|----|----------------------------------------|

|   | 4. | Targeted milestones for the next ninety (90) days |
|--------|----|---------------------------------------------------|

|   | 5. | Slipped dates |
|--------|----|---------------|

|   | 6. | Plan to recover slippages |
|--------|----|---------------------------|

| G. | Identification of any construction quality problems: |
|----|------------------------------------------------------|

| H. | Identification of any safety accidents and events: |
|----|----------------------------------------------------|

|  I. | List of any problem areas and a plan for correction: |
|----------|------------------------------------------------------|

| J. | Updated list of significant action items for EPC Contractor and Borrower: |
|----|---------------------------------------------------------------------------|

| K. | List of approved and pending change orders under the EPC Contract: |
|----|--------------------------------------------------------------------|

| L. | Construction photos with captions: |
|----|------------------------------------|

| M. | On site labor statistics, including EPC Contractor and subcontractor craft manhours, broken down by craft (craft breakdown may be reported on a delayed basis if current statistics are not available at the time of report submittal): |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| N. | Status of EPC Contractor and Borrower permits: |
|----|------------------------------------------------|

----

|                                                                                |
|-------------------------------------------------------------------------------------|
|                                                                                |
|                                                                                |
| SECURITY AGREEMENT                                                                  |
|                                                                                |
| dated as of March 29, 2007 between                                   |
| PLUM POINT ENERGY ASSOCIATES, LLC                                                   |
|                                                                                |
| and                                                                                 |
|                                                                                |
| THE BANK OF NEW YORK,not in its individual capacity, but solely as Collateral Agent |
|                                                                                |
|                                                                                |

----

|                                           |         |                                                                |   | Page   |
|------------------------------------------------|--------------|---------------------------------------------------------------------|--------|--------|
|                                           |         |                                                                |   |   |
| ARTICLE I DEFINITIONS AND INTERPRETIVE MATTERS |         | 2                                                                   |
|                                           | Section 1.01 | Definitions                                                         |   | 2      |
|                                           | Section 1.02 | Rules of Interpretation                                             |   | 4      |
|                                           | Section 1.03 | Uniform Commercial Code Definitions                                 |   | 5      |
|                                           |         |                                                                |   |   |
| ARTICLE II REPRESENTATIONS AND WARRANTIES      |         | 5                                                                   |
|                                           | Section 2.01 | Inventory and Equipment                                             |   | 5      |
|                                           | Section 2.02 | Records                                                             |   | 5      |
|                                           | Section 2.03 | Certificated Securities and Instruments                             |   | 5      |
|                                           | Section 2.04 | Changes in Circumstances                                            |   | 5      |
|                                           |         |                                                                |   |   |
| ARTICLE III PLEDGED COLLATERAL                 |         | 6                                                                   |
|                                           |         |                                                                |
| ARTICLE IV CERTAIN ASSURANCES; REMEDIES        |         | 9                                                                   |
|                                           | Section 4.01 | Delivery and Other Perfection                                       |   | 9      |
|                                           | Section 4.02 | Other Financing Statements and Liens                                |   | 10     |
|                                           | Section 4.03 | Preservation of Rights                                              |   | 10     |
|                                           | Section 4.04 | Special Provisions Relating to Certain Pledged Collateral           |   | 10     |
|                                           | Section 4.05 | Custody and Preservation                                            |   | 11     |
|                                           | Section 4.06 | Rights of Certain Secured Parties                                   |   | 12     |
|                                           | Section 4.07 | Remedies Generally                                                  |   | 12     |
|                                           | Section 4.08 | Deficiency                                                          |   | 14     |
|                                           | Section 4.09 | Change of Name or Location                                          |   | 14     |
|                                           | Section 4.10 | Private Sale                                                        |   | 14     |
|                                           | Section 4.11 | Application of Proceeds                                             |   | 14     |
|                                           | Section 4.12 | Attorney-in-Fact                                                    |   | 15     |
|                                           | Section 4.13 | Perfection                                                          |   | 16     |
|                                           | Section 4.14 | Termination                                                         |   | 17     |
|                                           |         |                                                                |   |   |
| ARTICLE V MISCELLANEOUS                        |         | 17                                                                  |
|                                           | Section 5.01 | Collateral Agent’s Right to Perform on Company’s Behalf |   | 17     |
|                                           | Section 5.02 | Waivers of Rights Inhibiting Enforcement                            |   | 18     |
|                                           | Section 5.03 | No Waiver; Remedies Cumulative                                      |   | 18     |
|                                           | Section 5.04 | Notices                                                             |   | 19     |
|                                           | Section 5.05 | Amendments, Etc.                                                    |   | 19     |
|                                           | Section 5.06 | Successors and Assigns                                              |   | 19     |
|                                           | Section 5.07 | Survival, Etc.                                                      |   | 19     |
|                                           | Section 5.08 | Counterparts; Effectiveness                                         |   | 19     |
|                                           | Section 5.09 | Severability                                                        |   | 20     |
|                                           | Section 5.10 | Headings                                                            |   | 20     |
|                                           | Section 5.11 | Limitation of Liability                                             |   | 20     |
|                                           | Section 5.12 | Security Interest Absolute                                          |   | 20     |
|                                           | Section 5.13 | Release                                                             |   | 22     |

----

|    | Section 5.14 | Reinstatement                                                   |   | 22     |
|---------|--------------|-----------------------------------------------------------------|--------|--------|
|    | Section 5.15 | NO THIRD PARTY BENEFICIARIES                                    |   | 22     |
|    | Section 5.16 | GOVERNING LAW; SUBMISSION TO JURISDICTION, WAIVER OF JURY TRIAL |   | 23     |
|    | Section 5.17 | Collateral Agent                                                |   | 23     |
|    | Section 5.18 | Collateral Agency Agreement Controls                            |   | 24     |
|    | Section 5.19 | Force Majeure                                                   |   | 24     |
|    |         |                                                            |   |   |
| ANNEXES |         |                                                            |

| ANNEX 1 | - |   | Instruments |   |   |
|---------|---|--------|-------------|--------|--------|

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

|   | PLUM POINT ENERGY ASSOCIATES, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               | /s/ Illegible |   |
|   |                              | Name: |   |
|   |                              | Title: |   |
|   |                              |
|   | Address for Notices:              |
|   | 2 Tower Center                    |
|   | 11th Floor                        |
|   | East Brunswick, NJ 08816          |
|   | Telephone: (732) 249-6750         |
|   | Fax: (732) 249-7290               |
|   | Attention: General Counsel        |

----

|   | THE BANK OF NEW YORK, not in its individualcapacity, but solely as Collateral Agent under theCollateral Agency and Intercreditor Agreement |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                       |
|   | By:                                                                                                                                        | /s/ BEATA HRYNIEWICKA |   |
|   |                                                                                                                                       | Name: BEATA HRYNIEWICKA |   |
|   |                                                                                                                                       | Title: ASSISTANT VICE PRESIDENT |   |
|   |                                                                                                                                       |
|   | Address for Notices:                                                                                                                       |
|   | 101 Barclay Street, Floor 8W                                                                                                               |
|   | New York, NY 10286                                                                                                                         |
|   | Fax: (212) 815-5074                                                                                                                        |
|   | Attention: Corporate Trust Administration-                                                                                                 |
|   | Corporate Finance                                                                                                                          |

----

----

|                                                                                |
|-------------------------------------------------------------------------------------|
|                                                                                |
|                                                                                |
| PLEDGE AND SECURITY AGREEMENT                                                       |
|                                                                                |
| dated as of March 29, 2007 between                                   |
| PPEA HOLDING COMPANY, LLC,as Pledgor                                                |
|                                                                                |
| and                                                                                 |
|                                                                                |
| THE BANK OF NEW YORK,not in its individual capacity, but solely as Collateral Agent |
|                                                                                |
|                                                                                |

----

|                                       | TABLE OF CONTENTS |                                              |   |
|--------------------------------------------|-------------------|---------------------------------------------------|--------|
|                                       |              |                                              |   |   |
| ARTICLE I DEFINITIONS AND INTERPRETATION   |              | 2                                                 |
|                                       | Section 1.01.     | Definitions                                       |   | 2 |
|                                       | Section 1.02.     | Rules of Interpretation                           |   | 3 |
|                                       | Section 1.03.     | Uniform Commercial Code Definitions               |   | 3 |
|                                       |              |                                              |   |   |
| ARTICLE II PLEDGED COLLATERAL              |              | 3                                                 |
|                                       | Section 2.01.     | Pledged Collateral                                |   | 3 |
|                                       | Section 2.02.     | Delivery of Certificates and Instruments          |   | 4 |
|                                       | Section 2.03.     | Pledgor’s Rights                            |   | 5 |
|                                       | Section 2.04.     | Secured Parties Not Liable                        |   | 5 |
|                                       | Section 2.05.     | Attorney-in-Fact                                  |   | 6 |
|                                       | Section 2.06.     | Performance by Collateral Agent                   |   | 7 |
|                                       | Section 2.07.     | Reasonable Care                                   |   | 7 |
|                                       | Section 2.08.     | Security Interest Absolute; Waivers               |   | 8 |
|                                       | Section 2.09.     | Effective as a Financing Statement                |   | 9 |
|                                       |              |                                              |   |   |
| ARTICLE III REPRESENTATIONS AND WARRANTIES |              | 10                                                |
|                                       | Section 3.01.     | Authorization; Enforceability; No Conflicts       |   | 10 |
|                                       | Section 3.02.     | Valid Security Interest                           |   | 10 |
|                                       | Section 3.03.     | Title                                             |   | 10 |
|                                       | Section 3.04.     | Other Financing Statements                        |   | 10 |
|                                       | Section 3.05.     | Consents                                          |   | 11 |
|                                       | Section 3.06.     | Chief Executive Office                            |   | 11 |
|                                       | Section 3.07.     | Company Interests                                 |   | 11 |
|                                       | Section 3.08.     | No Proceedings                                    |   | 11 |
|                                       | Section 3.09.     | Investment Company Act                            |   | 12 |
|                                       | Section 3.10.     | Indebtedness                                      |   | 12 |
|                                       | Section 3.11.     | Regulation                                        |   | 12 |
|                                       |              |                                              |   |   |
| ARTICLE IV COVENANTS                       |              | 12                                                |
|                                       | Section 4.01.     | Preservation of Corporate Existence               |   | 12 |
|                                       | Section 4.02.     | Sale of Pledged Collateral                        |   | 12 |
|                                       | Section 4.03.     | No Other Liens                                    |   | 12 |
|                                       | Section 4.04.     | Chief Executive Office                            |   | 12 |
|                                       | Section 4.05.     | Supplements; Further Assurances, etc.             |   | 13 |
|                                       | Section 4.06.     | Termination or Amendment of Company LLC Agreement |   | 13 |
|                                       | Section 4.07.     | Certificates and Instruments                      |   | 13 |
|                                       | Section 4.08.     | Records; Statements and Schedules                 |   | 13 |
|                                       | Section 4.09.     | Improper Distributions                            |   | 13 |
|                                       | Section 4.10.     | Taxes                                             |   | 14 |
|                                       | Section 4.11.     | Notices                                           |   | 14 |
|                                       | Section 4.12.     | Financing Statements                              |   | 14 |
|                                       | Section 4.13.     | Bankruptcy; Dissolution                           |   | 14 |
|                                       | Section 4.14.     | Compliance with Company LLC Agreement             |   | 15 |

----

| ARTICLE V REMEDIES       |                                 | 15                                                              |
|--------------------------|--------------------------------------|-----------------------------------------------------------------|
|                     | Section 5.01.                        | Remedies Generally                                              |   | 15 |
|                     | Section 5.02.                        | Sale of Pledged Collateral                                      |   | 16 |
|                     | Section 5.03.                        | Purchase of Pledged Collateral                                  |   | 17 |
|                     | Section 5.04.                        | Application of Proceeds                                         |   | 17 |
|                     |                                 |                                                            |   |   |
| ARTICLE VI MISCELLANEOUS |                                 | 17                                                              |
|                     | Section 6.01.                        | Notices                                                         |   | 17 |
|                     | Section 6.02.                        | Continuing Security Interest                                    |   | 17 |
|                     | Section 6.03.                        | Release                                                         |   | 17 |
|                     | Section 6.04.                        | Reinstatement                                                   |   | 18 |
|                     | Section 6.05.                        | Independent Security                                            |   | 18 |
|                     | Section 6.06.                        | Amendments                                                      |   | 18 |
|                     | Section 6.07.                        | Successors and Assigns                                          |   | 18 |
|                     | Section 6.08.                        | Third Party Beneficiaries                                       |   | 19 |
|                     | Section 6.09.                        | Survival                                                        |   | 19 |
|                     | Section 6.10.                        | No Waiver; Remedies Cumulative                                  |   | 19 |
|                     | Section 6.11.                        | Counterparts; Effectiveness                                     |   | 19 |
|                     | Section 6.12.                        | Headings                                                        |   | 19 |
|                     | Section 6.13.                        | Severability                                                    |   | 19 |
|                     | Section 6.14.                        | GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL |   | 20 |
|                     | Section 6.15.                        | Independent Obligations                                         |   | 21 |
|                     | Section 6.16.                        | Subrogation                                                     |   | 21 |
|                     | Section 6.17.                        | Collateral Agent                                                |   | 21 |
|                     | Section 6.18.                        | Collateral Agency Agreement Controls                            |   | 21 |
|                     | Section 6.19.                        | Limitation of Liability                                         |   | 21 |
|                     | Section 6.20.                        | Force Majeure                                                   |   | 22 |
|                     |                                 |                                                            |   |   |
|                     | Schedule I – Company Interests |                                                            |   |

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|   | PPEA HOLDING COMPANY, LLC,as Pledgor |
|--------|--------------------------------------|
|   |                                 |
|   |                                 |
|   | By:                                  | Illegible |   |
|   |                                 | Name: |

----

|   | THE BANK OF NEW YORK, not in its individualcapacity, but solely as Collateral Agent under theCollateral Agency and Intercreditor Agreement |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                       |
|   |                                                                                                                                       |
|   | By:                                                                                                                                        | /s/ BEATA HRYNIEWICKA |   |
|   |                                                                                                                                       | Name: BEATA HRYNIEWICKA |   |
|   |                                                                                                                                       | Title: ASSISTANT VICE PRESIDENT |   |

----

----

| logo 2 |                                                                                                | Fidelity National Title |
|--------|-----------------------------------------------------------------------------------------------------|-------------------------|
|   | INSURANCE COMPANY                                                                                   |
|   | One Park Avenue • New York, New York 10016 • (212) 481-5858 • Fax: (212) 481-5996 |

|   | RE: | Our Title No. 07-16939AR |
|--------|-----|--------------------------|

|   | Plum Point, Mississippi County, AR |
|--------|------------------------------------|

----

| WHEN RECORDED MAIL TO:                        |   |                          |                                 |
|-----------------------------------------------|--------|-------------------------------|--------------------------------------|
|                                          |   |                          |                                 |
| Betsy J. Mukamal, Esq.                        |   |                          |                                 |
| Latham & Watkins                          |   |                          |                                 |
| 885 Third Avenue, Suite 1000                  |   |                          |                                 |
| New York, NY 10022                            |   |                          | FILED FOR RECORD                     |
|                                          |   |                          | This 30th Day of March 2007          |
| Please Return To                              |   |                          | at 11:30 o’clock AM.           |
|                                          |   |                          | Donna Bray, Clerk                    |
| Zonia N. Veal                                 |   |                          |                                 |
| First National Financial Title Services, Inc. |   |                          |                                 |
| 3237 Satellite Blvd., Bldg. 300,Ste 450       |   |                          | By_____________________________ D.C. |
| Duluth, GA 30096                              |   |                          | #2724                                |
|                                          |   |                          |                                 |
| H2626-S                                       |   |                          |                                 |
|                                          |
|                                          |   | (for use by recording office) |

|   |   |   |   |
|--------|--------|--------|--------|
|   |   |   |   |

----

|   |   |   |
|--------|--------|--------|
| By:    |   |   |
| Its:   |   |   |

|   | /s/ THOMAS CANTELLO |   | /s/ LAURENCE LAPEYRE |   |
|--------|---------------------|--------|----------------------|--------|
| By:    | THOMAS CANTELLO     |   | LAURENCE LAPEYRE     |   |
| Its:   | DIRECTOR            |   | ASSOCIATE            |   |

----

|   | /s/ Joseph Esteves    |   |
|--------|-----------------------|--------|
| By:    | Joseph Esteves        |   |
| Its:   | SENIOR VICE PRESIDENT |   |

|   |   |   |
|--------|--------|--------|
| By:    |   |   |
| Its:   |   |   |

----

| STATE OF NEW YORK  |   | )     |
|--------------------|--------|-------|
|               |   | ) ss: |
| COUNTY OF NEW YORK |   | )     |

| MARJORIE E. BULL                     |   |          |
|--------------------------------------|--------|---------------|
| Notary Public, State of New York     |   |          |
| No. 01BU6055282                      |   | Notary Public |
| Qualified in New York County         |   |          |
| Commission Expires February 20, 2011 |   |          |
| My Commission Expires:               |   |          |

|   |   |   |
|--------|--------|--------|
|   | (SEAL) |   |

----

| STATE OF NEW YORK  |   | )     |
|--------------------|--------|-------|
|               |   | ) ss: |
| COUNTY OF NEW YORK |   | )     |

|                   |                                                                                          |
|------------------------|-----------------------------------------------------------------------------------------------|
|                   | Notary Public                                                                                 |
|                   |                                                                                          |
|                   | XAVIER M. JONESNOTARY PUBLIC STATE OF NEW YORK                                                |
| My commission expires: | No. 60-5001527                                                                                |
| (S E A L)              | Qualified in Westchester CountyCertificate Filed in NY CountyCommission Expires Sept. 8, 2010 |

----

|   | South 09 degrees 55 minutes 20 seconds East |   | 259.59 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | South 14 degrees 25 minutes 17 seconds East |   | 174.36 feet, |
|   | South 21 degrees 06 minutes 59 seconds East |   | 181.04 feet, |
|   | South 37 degrees 20 minutes 06 seconds East |   | 168.50 feet, |
|   | South 46 degrees 12 minutes 02 seconds East |   | 195.86 feet, |
|   | South 51 degrees 39 minutes 25 seconds East |   | 275.23 feet, |
|   | South 49 degrees 04 minutes 54 seconds East |   | 433.83 feet  |

----

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|   | North 47 degrees 24 minutes 56 seconds West |   | 196.96 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 45 degrees 09 minutes 51 seconds West |   | 1090.2 feet, |
|   | North 42 degrees 22 minutes 27 seconds West |   | 424.67 feet, |

----

|   | North 48 degrees 41 minutes 04 seconds West |   | 718.67 feet,  |
|--------|---------------------------------------------|--------|---------------|
|   | North 47 degrees 24 minutes 16 seconds West |   | 303.96 feet,  |
|   | North 37 degrees 10 minutes 55 seconds West |   | 150. 11 feet, |
|   | North 17 degrees 50 minutes 02 seconds West |   | 287.89 feet,  |
|   | North 11 degrees 37 minutes 13 seconds West |   | 315.76 feet,  |
|   | North 10 degrees 17 minutes 06 seconds West |   | 282.18 feet,  |
|   | North 09 degrees 25 minutes 55 seconds West |   | 350.44 feet,  |
|   | North 17 degrees 56 minutes 40 seconds West |   | 227.79 feet,  |
|   | North 26 degrees 08 minutes 02 seconds West |   | 502.54 feet,  |
|   | North 15 degrees 03 minutes 21 seconds West |   | 469.53 feet,  |
|   | North 25 degrees 06 minutes 40 seconds West |   | 317.23 feet,  |
|   | North 01 degrees 16 minutes 24 seconds East |   | 275.68 feet,  |

|   | South 35 degrees 33 minutes 50 seconds East |   | 99.93 feet,   |
|--------|---------------------------------------------|--------|---------------|
|   | North 54 degrees 27 minutes 10 seconds East |   | 199.93 feet,  |
|   | South 35 degrees 33 minutes 15 seconds East |   | 2935.37 feet, |
|   | South 01 degrees 17 minutes 59 seconds West |   | 283.77 feet,  |
|   | South 41 degrees 44 minutes 54 seconds East |   | 866.76 feet,  |
|   | South 63 degrees 22 minutes 42 seconds East |   | 360.04 feet,  |
|   | South 08 degrees 37 minutes 40 seconds East |   | 356.70 feet,  |
|   | South 22 degrees 09 minutes 14 seconds East |   | 307.53 feet,  |
|   | South 00 degrees 30 minutes 25 seconds East |   | 26.26 feet,   |
|   | North 69 degrees 18 minutes 20 seconds East |   | 42.76 feet,   |
|   | South 37 degrees 09 minutes 00 seconds East |   | 308.58 feet,  |
|   | South 50 degrees 21 minutes 45 seconds East |   | 547.72 feet,  |

|   | North 63 degrees 26 minutes 52 seconds West |   | 86.09 feet,   |
|--------|---------------------------------------------|--------|---------------|
|   | North 41 degrees 44 minutes 36 seconds West |   | 574.04 feet,  |
|   | North 01 degrees 28 minutes 34 seconds East |   | 234.78 feet,  |
|   | North 13 degrees 59 minutes 13 seconds East |   | 646.50 feet,  |
|   | North 43 degrees 43 minutes 13 seconds West |   | 1435.79 feet, |
|   | North 39 degrees 43 minutes 44 seconds East |   | 114.96 feet,  |

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|   | North 47 degrees 59 minutes 08 seconds West |   | 500.39 feet,  |
|--------|---------------------------------------------|--------|---------------|
|   | North 55 degrees 07 minutes 39 seconds West |   | 531.88 feet,  |
|   | North 45 degrees 41 minutes 15 seconds West |   | 174.17 feet,  |
|   | North 54 degrees 16 minutes 32 seconds East |   | 470.96 feet,  |
|   | North 35 degrees 33 minutes 50 seconds West |   | 99.93 feet,   |
|   | South 54 degrees 26 minutes 15 seconds West |   | 499.99 feet,  |
|   | North 52 degrees 22 minutes 02 seconds West |   | 403.26 feet,  |
|   | North 34 degrees 26 minutes 45 seconds West |   | 118.74 feet,  |
|   | North 67 degrees 20 minutes 10 seconds East |   | 1485.18 feet, |

|   | South 32 degrees 13 minutes 06 seconds East |   | 1865.46 feet, |
|--------|---------------------------------------------|--------|---------------|
|   | South 30 degrees 47 minutes 07 seconds East |   | 2631.06 feet, |
|   | South 55 degrees 51 minutes 18 seconds East |   | 918.48 feet,  |

|   | North 64 degrees 54 minutes 24 seconds West |   | 832.67 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 73 degrees 56 minutes 25 seconds West |   | 161.10 feet, |
|   | North 83 degrees 35 minutes 25 seconds West |   | 337.92 feet, |
|   | South 49 degrees 59 minutes 28 seconds West |   | 107.82 feet, |
|   | North 69 degrees 01 minutes 09 seconds West |   | 271.31 feet, |
|   | South 41 degrees 44 minutes 32 seconds West |   | 410.99 feet  |

|   | North 61 degrees 21 minutes 27 seconds West |   | 31.95 feet,  |
|--------|---------------------------------------------|--------|--------------|
|   | North 62 degrees 26 minutes 34 seconds West |   | 101.98 feet, |
|   | North 74 degrees 52 minutes 55 seconds West |   | 109.19 feet, |
|   | North 22 degrees 56 minutes 49 seconds West |   | 96.75 feet,  |
|   | North 16 degrees 25 minutes 14 seconds West |   | 212.76 feet, |
|   | North 03 degrees 53 minutes 11 seconds West |   | 115.46 feet, |
|   | South 74 degrees 51 minutes 16 seconds West |   | 152.07 feet, |
|   | North 37 degrees 07 minutes 58 seconds West |   | 77.88 feet,  |
|   | North 08 degrees 43 minutes 49 seconds West |   | 533.77 feet, |
|   | North 73 degrees 05 minutes 43 seconds East |   | 293.57 feet, |
|   | South 63 degrees 02 minutes 24 seconds East |   | 521.64 feet, |
|   | North 25 degrees 04 minutes 00 seconds East |   | 188.03 feet, |
|   | South 66 degrees 29 minutes 53 seconds East |   | 197.50 feet, |
|   | South 23 degrees 30 minutes 28 seconds West |   | 93.47 feet,  |
|   | South 61 degrees 42 minutes 07 seconds East |   | 192.30 feet, |
|   | South 57 degrees 19 minutes 35 seconds East |   | 101.21 feet, |

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|   | North 02 degrees 23 minutes 20 seconds East |   | 64.71 feet,  |
|--------|---------------------------------------------|--------|--------------|
|   | North 05 degrees 47 minutes 39 seconds East |   | 224.43 feet, |
|   | North 14 degrees 24 minutes 16 seconds East |   | 210.90 feet, |
|   | North 20 degrees 23 minutes 46 seconds East |   | 23.68 feet,  |

|   |   | STATE OF ARKANSAS, COUNTY OF MISSISSIPPI OSCEOLA DISTRICT |
|--------|--------|-----------------------------------------------------------|
|   |   | FILED FOR RECORD THE 30th DAY OF March                    |
|   |   | 2007 AT 11:30 O’CLOCK AM. AND RECORDED              |
|   |   | IN BOOK 2007 PAGE 2728                               |
|   |   | DONNA BRAY, CIRCUIT CLERK                                 |
|   |   | BY                                                        | Illegible | D.C. |

----

| This Document Prepared By and When                                                    |   |                        |
|---------------------------------------------------------------------------------------|--------|-----------------------------|
| Recorded Mail Original To:                                                            |   |                        |
|                                                                                  |   | FILED FOR RECORD            |
| Please Return To                                                                      |   | This 30th Day of March 2007 |
|                                                                                  |   | at 11:30 o’clock AM.  |
| Zonia N. Veal                                                                         |   | Donna Bray, Clerk           |
| First National Financial Title Services, Inc.3237 Satellite Blvd., Bldg. 300, Ste 450 |   | By                          | Illegible | D.C. |
| Duluth, GA 30096                                                                      |   |                        |     #2727 |   |
| H2626-S                                                                               |   |                        |   |   |

|                                       |
|--------------------------------------------|
| LEASEHOLD MORTGAGE, SECURITY AGREEMENT,    |
| ASSIGNMENT OF LEASES AND RENTS AND FIXTURE |
| FILING                                     |
| Dated as of March 29, 2007                 |
|                                       |
| by                                         |
|                                       |
| PLUM POINT ENERGY ASSOCIATES, LLC          |
| Mortgagor                                  |
|                                       |
| to                                         |
|                                       |
| BANK OF NEW YORK,                          |
|                                       |
| not in its individual capacity but solely  |
| as Collateral Agent                        |
| Mortgagee                                  |
|                                       |

----

|      |   |                                                       |   | Page   |
|-----------|--------|------------------------------------------------------------|--------|--------|
|      |   |                                                       |   |   |
| ARTICLE 1 |   | DEFINITIONS                                                |   | 9      |
|      |   |                                                       |   |   |
| 1.1       |   | Definitions                                                |   | 9      |
| 1.2       |   | Principles of Construction                                 |   | 13     |
|      |   |                                                       |   |   |
| ARTICLE 2 |   | COVENANTS OF MORTGAGOR                                     |   | 13     |
|      |   |                                                       |   |   |
| 2.1       |   | Covenants                                                  |   | 13     |
|      |   |                                                       |   |   |
| ARTICLE 3 |   | ABSOLUTE ASSIGNMENT OF LEASES AND RENTS                    |   | 17     |
|      |   |                                                       |   |   |
| 3.1       |   | Absolute Assignment of Leases and Rents                    |   | 17     |
|      |   |                                                       |   |   |
| ARTICLE 4 |   | SECURITY AGREEMENT                                         |   | 19     |
|      |   |                                                       |   |   |
| 4.1       |   | Rights to UCC Collateral under the Uniform Commercial Code |   | 19     |
| 4.2       |   | Fixture Filing Financing Statements                        |   | 20     |
|      |   |                                                       |   |   |
| ARTICLE 5 |   | REPRESENTATIONS OF MORTGAGOR                               |   | 20     |
|      |   |                                                       |   |   |
| 5.1       |   | Representations and Warranties                             |   | 20     |
|      |   |                                                       |   |   |
| ARTICLE 6 |   | IDA LEASE PROVISIONS                                       |   | 21     |
|      |   |                                                       |   |   |
| 6.1       |   | IDA Lease                                                  |   | 21     |
| 6.2       |   | Mortgagor’s Acquisition of Interest in Leased Parcel |   | 22     |
|      |   |                                                       |   |   |
| ARTICLE 7 |   | DEFAULT AND FORECLOSURE                                    |   | 22     |
|      |   |                                                       |   |   |
| 7.1       |   | Remedies                                                   |   | 22     |
| 7.2       |   | Rescission of Notice of Trigger Event                      |   | 27     |
| 7.3       |   | Application of Proceeds                                    |   | 27     |
| 7.4       |   | Additional Security                                        |   | 27     |
| 7.5       |   | Remedies Cumulative                                        |   | 28     |
| 7.6       |   | Waiver of Notice                                           |   | 28     |
| 7.7       |   | Payment of Costs and Expenses                              |   | 29     |
| 7.8       |   | Mortgagor’s Waivers                                  |   | 29     |
|      |   |                                                       |   |   |
| ARTICLE 8 |   | MISCELLANEOUS                                              |   | 30     |
|      |   |                                                       |   |   |
| 8.1       |   | Performance at Mortgagor’s Expense                   |   | 30     |
| 8.2       |   | Mortgagee’s Right to Perform the Secured Obligations |   | 31     |
| 8.3       |   | Survival of Secured Obligations                            |   | 31     |
| 8.4       |   | Notices                                                    |   | 31     |
| 8.5       |   | Delay not a Waiver                                         |   | 31     |

----

| 8.6  |   | Covenants Running with the Land                         |   | 32 |
|------|--------|---------------------------------------------------------|--------|----|
| 8.7  |   | Further Assurances                                      |   | 32 |
| 8.8  |   | Severability                                            |   | 33 |
| 8.9  |   | Entire Agreement and Modification                       |   | 33 |
| 8.10 |   | Applicable Law                                          |   | 33 |
| 8.11 |   | Limitation on Mortgagee’s Responsibility          |   | 33 |
| 8.12 |   | Headings                                                |   | 34 |
| 8.13 |   | Marshalling                                             |   | 34 |
| 8.14 |   | Waiver of Jury Trial and Consent to Jurisdiction        |   | 34 |
| 8.15 |   | Maximum Indebtedness; Future Advances; Revolving Credit |   | 35 |
| 8.16 |   | Lien Absolute; Multiple Collateral Transaction          |   | 35 |
| 8.17 |   | Discharge of Mortgage                                   |   | 36 |
| 8.18 |   | Renewal or Extension of Secured Obligations             |   | 36 |
| 8.19 |   | Assumption Not a Novation                               |   | 36 |
| 8.20 |   | Intercreditor Agreement                                 |   | 36 |

----

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| 1.1 | Definitions. |
|-----|--------------|

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----

----

----

----

| 1.2 | Principles of Construction. |
|-----|-----------------------------|

| 2.1 | Covenants. |
|-----|------------|

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|   | (a) | Books of Record and Access. |
|--------|-----|-----------------------------|

|   | (b) | Impositions and Other Liens. |
|--------|-----|------------------------------|

|   | (c) | Maintenance of Property. |
|--------|-----|--------------------------|

|   | (i) | Mortgagor shall maintain and preserve the Property in accordance with the terms of the Transaction Documents. |
|--------|-----|---------------------------------------------------------------------------------------------------------------|

|   | (ii) | Subject to the provisions of the Transaction Documents, Mortgagor shall promptly restore or cause to be restored in like manner any portion of the Improvements which may be damaged or destroyed at the Property from any cause whatsoever, and pay or cause to be paid when due, except for Permitted Liens, all claims for labor performed and materials furnished therefore. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | Mortgagor shall comply with all Legal Requirements and governmental approvals in accordance with Section 5.06 of the Credit Agreement. |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Insurance |
|--------|-----|-----------|

|   | (e) | Casualty and Condemnation. |
|--------|-----|----------------------------|

|   | (f) | Recording Taxes and Fees. |
|--------|-----|---------------------------|

----

|   | (g) | Governmental Approvals; Legal Requirements. |
|--------|-----|---------------------------------------------|

|   | (h) | Taxes. |
|--------|-----|--------|

|   | (i) | Transfers of Property. |
|--------|-----|------------------------|

|   | (i) | Due on Transfer. Mortgagor acknowledges that a Transfer of the Property may significantly and materially impair the security for the payment and performance of the Secured Obligations and Mortgagor agrees that, if Mortgagor, without the prior written consent of Mortgagee, except as otherwise permitted under this Mortgage or the Transaction Documents,shall cause, permit or suffer a Transfer of the Property, or any portion thereof, then Mortgagee shall have the absolute right, at its option without prior demand or notice (other than as may be expressly otherwise provided in the Transaction Documents) to declare all sums secured by this Mortgage immediately due and payable. Mortgagee shall not be required to demonstrate any actual impairment of the security interest of the Secured Parties or any increased risk of default hereunder in order to declare all sumssecured by this Mortgage immediately due and payable upon a Transfer in violation of this Section 2.1(i). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii) | Definition of Transfer. For the purposes of this Section 2.1, a “Transfer” of the Property means any transfer, sale, conveyance,assignment, mortgage, encumbrance, pledge or other disposition of, or the grant of any easements, leases or other material rights (except those necessary for the continued operation of the Project) with respect to, all or any portion of the Property or any interest therein in any manner whatsoever, whether voluntarily or involuntarily, but shall not include any such “Transfer” which may be otherwise permitted by the terms of the Transaction Documents. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | Consent May Be Conditioned. The consent of Mortgagee required for a Transfer without the Mortgagee declaring all sums secured by this Mortgage immediately due and payable may not be unreasonably withheld, delayed or conditioned by Mortgagee. Mortgagor agrees that in the event of a Transfer, Mortgagee may, without notice to Mortgagor, deal in any waywith such successor or successors in interest with reference to this Mortgage and the Secured Obligations hereby secured without in any way vitiating or discharging Mortgagor’s liability hereunder or under the documents and instruments evidencing the indebtedness secured hereby. No transfer or encumbrance of the Property or any interest herein and no forbearance or assumption by any person with respect to this Mortgage and no extension to any person of the time for payment of the Secured Obligations herebysecured given by Mortgagee shall operate to release, discharge, modify, change or affect the liability of Mortgagor, either in whole or in part, unless Mortgagee specifically agrees in writing to the contrary. This provision of this Section 2.1(i) shall apply to each and every Transfer of the Property or any part thereof regardless of whether or not Mortgagee has consented to, or waived under this Mortgage with respect to, any previous Transferof the Property, or any portion thereof, without the Mortgagee declaring all sums secured by this Mortgage immediately due and payable. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | Release of Property. If Mortgagor is entitled to remove any part of the Collateral pursuant to and in accordance with the terms of the Transaction Documents, after all conditions to such removal have been satisfied, the Mortgagee, at the request and expense of Mortgagor, will promptly execute and deliver to Mortgagor the proper instruments acknowledgingthe release of such part from the Lien created by this Mortgage. Mortgagor agrees to execute any amendments to this Mortgage or to execute such other documents that are reasonably necessary in the opinion of Mortgagee to confirm the first priority Lien of this Mortgage on the remaining Property. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (j) | No Release. |
|--------|-----|-------------|

----

| 3.1 | Absolute Assignment of Leases and Rents. |
|-----|------------------------------------------|

|   | (a) | Mortgagee grants to Mortgagor a license to collect, subject to the provisions herein, all Rents as they respectively become due, but not more than thirty (30) days in advance, and to enforce the agreements of the Leases, so long as there is no Trigger Event; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | This absolute and present assignment shall be fully operative without any further action on the part of Mortgagor or Mortgagee and, specifically, Mortgagee shall be entitled, at its sole option, to all Rents whether or not Mortgagee takes possession of the Real Property, including, without limitation, all Rents in Mortgagor’s possession or control. Upon any Trigger Event and at the direction of the RequiredFirst Lien Secured Parties, Mortgagee may, in its absolute discretion, at any time and without notice (either in person, by agent or representative, or by a receiver appointed by a court) and without regard to the adequacy of any security for the Secured Obligations secured by this Mortgage: (i) enter upon and take possession of the Real Property or any part thereof, in its own name or in the name of Mortgagor (provided, however, suchentering upon and taking possession of the Real Property shall not be a condition precedent or limitation of Mortgagee’s right to collect the Rents); (ii) sue for or otherwise collect the Rents (including those past due and unpaid or which are in Mortgagor’s possession or control at the time of such Trigger Event) and apply such Rents, |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (c) | Notwithstanding the right to collect the Rents, following a Trigger Event, Mortgagor agrees that Mortgagee, and not Mortgagor, shall be and be deemed to be the creditor of each tenant with respect to assignments for the benefit of creditors and bankruptcy, arrangement, reorganization, insolvency, dissolution or receivership proceedings affecting such tenant, but without obligation on the part of Mortgagee, however,to file or make timely filings of claims in such proceedings or otherwise to pursue creditor’s rights therein. Mortgagee in its sole and absolute discretion may apply any money received by Mortgagee as such creditor in reduction of the Secured Obligations, whether or not same is then due and payable; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Mortgagor irrevocably consents that the tenant(s) under the Leases, upon demand and notice from Mortgagee to such tenant(s) of a Trigger Event, shall pay all Rents under the Leases to Mortgagee without liability of the tenant(s) for the determination of the actual existence of any Trigger Event claimed by Mortgagee. Mortgagor hereby irrevocably authorizes and directs the tenant(s), upon receipt of any notice of Mortgageestating that a Trigger Event exists, to pay to Mortgagee the Rents due and to become due under the Leases. Mortgagor agrees that the tenant(s) shall have the right to rely upon any such notices of Mortgagee and that tenant(s) shall pay such Rents to Mortgagee, without any obligation or without any right to inquire whether such Trigger Event actually exists and notwithstanding any claim of or notice by Mortgagor to the contrary. Mortgagor shall have no claim against tenant(s) for any Rents and Profits paid bysuch tenant(s) to Mortgagee; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Mortgagee shall have the right to assign Mortgagee’s right, title and interest in the Leases to any subsequent holder of this Mortgage and to any person acquiring title to any of the Real Property through foreclosure or otherwise. After Mortgagor shall have been barred and foreclosed of all right, title and interest in the leased premises, no assignee of Mortgagor’s interest in the Leases shall be liableto account to Mortgagor for the Rents thereafter accruing; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | Nothing herein contained shall be construed to bind Mortgagee to the performance of any of the terms or provisions contained in the Leases, or otherwise to impose any obligation on Mortgagee whatsoever. Prior to actual |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (g) | Mortgagor shall duly perform and discharge each covenant, condition and obligation of the lessor under the Leases, and agrees not to enter into any Lease, or cancel, terminate, materially modify or otherwise materially vary any provision of any Lease without Mortgagee’s prior written consent, such consent not to be unreasonably withheld or delayed, or discount any Rents or collect any Rents for any period ofmore than one month in advance. Mortgagor will give prompt written notice to Mortgagee of any default by any tenant(s) or by the lessor under the Leases known to Mortgagor, and shall furnish Mortgagee with complete copies of all notices in respect thereof given or received by Mortgagor. If requested by Mortgagee, Mortgagor will enforce the Leases and all remedies available to Mortgagor thereunder in the event of default and, in the event of default thereof by Mortgagor, Mortgagee may, at its sole option and withoutobligation so to do, and without waiving any Trigger Event in respect thereof, enforce the same at Mortgagor’s expense; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | The Leases shall remain in full force and effect irrespective of any merger of the interest of the lessor and any tenant thereunder. Mortgagor shall, at the request of Mortgagee, execute such further assignments to Mortgagee of all Leases and Rents, as Mortgagee shall require, and provide to Mortgagee true and correct copies of all Leases and documents and instruments, executed in connection therewith; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | It is the expressed intention of Mortgagor and Mortgagee that this Section 3.1 establish an absolute transfer and assignment of the Leases and Rents, and is not intended or given as additional security for the Secured Obligations. This absolute assignment is separate from, and senior in priority to, the security interest granted in this Mortgage toMortgagee in such leases and rents. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1 | Rights to UCC Collateral under the Uniform Commercial Code. |
|-----|------------------------------------------------------------------|

----

| 4.2 | Fixture Filing Financing Statements. |
|-----|--------------------------------------|

| 5.1 | Representations and Warranties. |
|-----|---------------------------------|

|   | (a) | subject only to the rights of others provided in the documents and instruments approved in writing by Mortgagee and those matters described in the Title Policy insuring the Lien of this Mortgage (collectively, the “Permitted Encumbrances”)and to the Permitted Liens, Mortgagor has a valid tenancy-in-common leasehold interest in the Land described in Exhibit A, and Mortgagor has good right, full power and lawful authority to mortgage and pledge the same as provided herein; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (b) | the Property is free and clear of all Liens, security interests, charges, encumbrances and encroachments whatsoever except as permitted under the terms of the Transaction Documents; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Mortgagor will maintain and preserve the first priority Lien and charge of this Mortgage, subject to Permitted Encumbrances and Permitted Liens, until the Discharge Date. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1 | IDA Lease. |
|-----|------------|

|   | (a) | Mortgagor has delivered to Collateral Agent a true, correct and complete copy of the IDA Lease, including all amendments and modifications, existing as of the date hereof; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Mortgagor has not executed or entered into any modifications or amendments of the IDA Lease, either orally or in writing, other than written amendments that have been disclosed to Collateral Agent in writing. Except as expressly permitted under the Credit Agreement, Mortgagor shall not enter into any new leases of all or any portion of the Real Property or any modifications or amendments of the IDA Lease except withCollateral Agent’s prior written consent which consent shall not be unreasonably withheld or delayed; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | No event has occurred that, with the giving of notice or the passage of time or both, would constitute a breach of the provisions of Section 3.16 of the Credit Agreement; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Except with respect to the assignments to ETEC, MJMEUC and Empire pursuant to the Participation Agreement and except for this Mortgage or other assignments in favor of Collateral Agent, Mortgagor has not executed any assignment or pledge of the IDA Lease or of Mortgagor’s right, title and interest in the same; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | This Mortgage conforms and complies with the IDA Lease, does not constitute a violation or default under the IDA Lease, and is and shall at all times constitute a valid lien (subject only to Permitted Encumbrances, Permitted Liens and matters permitted by this Mortgage) on Mortgagor’s interests in the IDA Lease; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | Mortgagor shall pay, when due and payable, the rentals, additional rentals, and other charges required by, and payable under, the IDA Lease in accordance with the IDA Lease; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | Mortgagor shall perform and observe all terms, covenants, and conditions that Mortgagor must perform and observe as a tenant-in-common under the IDA |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (h) | Mortgagor shall promptly deliver to Collateral Agent a copy of any notice of default or termination that it receives from the Lessor. Mortgagor shall promptly notify Collateral Agent of any request that either party to the IDA Lease makes for arbitration pursuant to the IDA Lease and the guidelines of the institution of any such arbitration. Mortgagor shall promptly deliver to Collateral Agent a copy of the arbitrators’determination in each such arbitration. Collateral Agent may participate in any such arbitration in such manner as Collateral Agent shall determine appropriate, including following a Trigger Event and during the continuance thereof, to the exclusion of Mortgagor if so determined by Collateral Agent in its reasonable discretion; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Mortgagor shall not, without Collateral Agent’s consent, consent or refuse to consent to any action that the Lessor or any third party takes or desires to take pursuant to the terms and provisions of such IDA Lease if such action has a material adverse effect on the IDA Lease or Mortgagor’s rights thereunder; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (j) | Mortgagor’s obligations under this Mortgage are independent of and in addition to Mortgagor’s obligations under the IDA Lease. Nothing in this Mortgage shall be construed to require Mortgagor or Collateral Agent to take or omit to take any action that would cause a default under the IDA Lease. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Mortgagor’s Acquisition of Interest in Leased Parcel. If Mortgagor acquires a fee interest in any Land or Improvements originally subject to the IDA Lease, then, such acquired interest shall immediately become subject to the lien of this Mortgage as fully and completely,and with the same effect, as if Mortgagor now owned it and as if this Mortgage specifically described it, without need for the delivery and/or recording of a supplement to this Mortgage or any other instrument. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1 | Remedies. |
|-----|-----------|

----

|   | (a) | declare all of the sums secured by this Mortgage to be immediately due and payable; |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (b) | demand, collect or realize upon all or any part of the Property and assemble or require Mortgagor to assemble all or any part of the Property; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | commence, appear in or defend any action or proceeding purporting to affect all or any part of the Property or the interests, rights, powers or duties of any Secured Party therein, whether brought by or against Mortgagor or any Secured Party; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | pay, purchase, contest or compromise any claim, debt, Lien, charge or encumbrance which in the judgment of Mortgagee may adversely affect the Property or the interest, rights, powers or duties of any Secured Party therein; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | in such manner and to such extent as Mortgagee may deem necessary to protect the Property or the interests, rights, powers or duties of any Secured Party therein, Mortgagee may by itself, its agents or attorneys, enter into and upon the Property or any part thereof or any other property at which the Property may be located without being deemed a mortgagee in possession and take and hold exclusive possession of allor any part of the Property (which Mortgagor agrees to surrender) and exclude Mortgagor from the Property, and with or without the appointment of a receiver, whether appointed pursuant to Section 7.1(k) hereof or otherwise, (i) operate and manage the Property or any part thereof either itself or by other Persons, (ii) rent and lease the same, (iii) perform such acts of repair or protection as may be necessary or proper to conserve the value of theProperty, (iv) make such useful additions, alterations, betterments and improvements to the Property as Mortgagee may deem advisable, (v) collect any and all income, Rents, issues, profits and proceeds from the Property, the same being hereby assigned and transferred to Mortgagee, and (vi) from time to time apply or accumulate such income, Rents, issues, profits and proceeds in such order and manner as Mortgagee shall determine, it being understood that the collection or receipt of income, Rents, issues, profitsor proceeds from the Property after a Trigger Event and election to cause the Property to be sold under and pursuant to the terms of this Mortgage shall not affect or impair any Trigger Event or election to cause the Property to be sold or any sale proceedings predicated thereon, but such proceedings may be conducted and sale effected notwithstanding the collection or receipt of any such income, Rents, issues, profits and proceeds; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (f) | commence an action to foreclose on the Property judicially or (to the extent permitted by applicable law), commence an action to foreclose on the Property pursuant to the power of sale (to the extent permitted by applicable law) granted herein. If Mortgagor shall pay said Secured Obligations promptly when due and shall perform all covenants made by Mortgagor, then this conveyance shall be void and of no effect. Ifa Trigger Event shall occur, then, in that event, the entire Secured Obligations, together with all interest accrued thereon, shall, at the option of applicable Secured Parties be and become at once due and payable without notice to Mortgagor. Should Mortgagee be a corporation or an unincorporated association, then any officer thereof may declare a Trigger Event and, to the extent permitted by applicable law and at the direction of the Required First Lien Secured Parties, sell the Property. Mortgagee shall havethe same right to purchase the Property at the foreclosure sale as would a purchaser who is not a party to this Mortgage; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | In connection with any sale or sales hereunder, Mortgagee shall be entitled to elect to treat any of the Property which consists of a right in action or which is property that can be severed from the Real Property covered hereby or any Improvements without causing structural damage thereto as if the same were personal property, and dispose of the same in accordance with applicable law, separate and apart from thesale of Real Property. Where the Property consists of Real Property and Personalty, whether or not such Personalty is located on or within the Real Property, Mortgagee at the direction of the Required First Lien Secured Parties shall be entitled to elect to exercise rights and remedies against any or all of the Real Property and Personalty in such order, at such times and in such manner as is now or hereafter permitted by applicable law. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Mortgagee at the direction of the Required First Lien Secured Parties shall be entitled to elect to proceed against any or all of the Property in any manner permitted under applicable law; and if Mortgagee at the direction of the Required First Lien Secured Parties so elects pursuant to applicable law, the power of sale (to the extent permitted by applicable law) herein granted shall be exercisable with respect toall or any of the Property, as designated by Mortgagee, and Mortgagee is hereby authorized and empowered to conduct any such sale of any Property in accordance with the procedures applicable to Real Property. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | If the Property consists of several lots, parcels or items of property, Mortgagee shall, subject to applicable law, (A) designate the order in which such lots, parcels or items shall be offered for sale or sold, or (B) elect to sell such lots, parcels or items through a single sale, or through two or more successive sales, or in any other manner Mortgagee designates. Any person, including Mortgagor or Mortgagee,may purchase at any sale hereunder. In the event Mortgagee elects to dispose of the |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (iv) | Mortgagee may adjourn from time to time any sale by it to be made under or by virtue of this Mortgage by announcement at the time and place appointed for such sale or for such adjourned sale or sales; and, except as otherwise provided by any applicable provision of law, Mortgagee, without further notice or publication, may make such sale at the time and place to which the same shall be so adjourned; or Mortgageemay, in its discretion, give a new notice of sale. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | Upon any sale made under or by virtue of this Section 7.1(f) (whether made under the power of sale herein granted, to the extent permitted by applicable law, or under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale), Mortgagee may bid for and acquire the Property or any part thereof and in lieu of paying cashtherefor may make settlement for the purchase price by crediting upon the Secured Obligations the net sales price after deducting therefrom the expenses of the sale and the costs of the action and any other sums which Mortgagee is authorized to deduct under this Mortgage or any other Transaction Document. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | No recovery of any judgment by Mortgagee and no levy of an execution under any judgment upon the Property or upon any other property of Mortgagor shall affect in any manner or to any extent, the Lien of this Mortgage upon the Property or any part thereof, or any Liens, titles, rights, powers or remedies of Mortgagee hereunder or under any other Transaction Document, but such Liens, titles, rights, powers and remediesof Mortgagee shall continue unimpaired as before. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vii) | Mortgagor agrees, to the fullest extent permitted by law, that upon the occurrence of a Trigger Event, neither Mortgagor nor anyone claiming through or under Mortgagor shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Mortgage,or the absolute sale of the Property, or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereat, and Mortgagor, for itself and all who may at any time claim through or under it, hereby waives to the fullest extent that it may lawfully so do, the benefit of all such laws, and any and all right to have the assets comprised in the security intended to be created hereby marshalled upon any foreclosure of the Lien hereof. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (viii) | Mortgagee, at its option, is authorized to foreclose this Mortgage subject to the rights of any tenants of the Property, and the failure to make any |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (g) | subject to any applicable provisions of the Collateral Documents, take over and direct collection of the Rents, the Proceeds and the Receivables that are included in the Property and the proceeds thereof, give notice of the Lien of this Mortgage upon the Rents, the Proceeds and the Receivables and the proceeds thereof to any or all Persons obligated to Mortgagor thereon, direct such Persons to make payment of allmoneys paid or payable thereon directly to Mortgagee (and, at the request of Mortgagee, Mortgagor shall indicate on all billings that payments thereon are to be made to Mortgagee) and give any Person so notified and directed the receipt of Mortgagee for any such payment as full release for the amount so paid; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | subject to any applicable provisions of the Collateral Documents, take control of any and all of the Rents, Proceeds and Receivables, accounts, contractual and other rights that are included in the Property and proceeds arising from any such contractual and other rights, and enforce collection, either in the name of Mortgagee or in the name of Mortgagor, of any or all of the Rents, Proceeds and Receivables, accounts,contractual and other rights that are included in the Property and proceeds thereof by suit or otherwise, and receive, receipt for, surrender, release or exchange all or any part thereof or compromise, settle, extend or renew (whether or not longer than the original period) any indebtedness thereunder; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | endorse in the name of Mortgagor any instrument, howsoever received by Mortgagee, representing Property, or proceeds of any of the Property; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | (j) | subject to the provisions of Article 3 hereof, exercise all the rights and remedies granted to a secured party under Article 9 of the Uniform Commercial Code in effect in the jurisdiction where the Property is located and all other rights and remedies given to Mortgagee by this Mortgage or any other Transaction Document otherwise available at law or in equity; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (k) | to the fullest extent permitted by applicable law, without further notice to Mortgagor and as a matter of right, and without regard to the then value of the Property or the interest of Mortgagor in and to the Property, apply to any court having jurisdiction to appoint a receiver or receivers of the Property, and Mortgagor hereby irrevocably consents to such appointment. Notwithstanding the foregoing, Mortgagor herebywaives any right to require appointment of a receiver. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.2 | Rescission of Notice of Trigger Event. |
|-----|----------------------------------------|

| 7.3 | Application of Proceeds. |
|-----|--------------------------|

|   | (a) | All proceeds received from the sale or other disposition of any portion of the Property pursuant to this Mortgage shall be applied by Mortgagee in accordance with the priority set forth in the Intercreditor Agreement. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | If Mortgagee shall be ordered, in connection with any bankruptcy, insolvency or reorganization of Mortgagor, to restore or repay to or for the account of Mortgagor or its creditors any amount theretofore received under this Section 7.3, the amount of such restoration or repayment shall be deemed to be a Secured Obligation as to place Mortgagee in theposition it would have been in had such amount never been received by Mortgagee. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | Additional Security. |
|-----|----------------------|

----

| 7.5 | Remedies Cumulative. |
|-----|----------------------|

| 7.6 | Waiver of Notice. |
|-----|-------------------|

----

| 7.7 | Payment of Costs and Expenses. |
|-----|--------------------------------|

| 7.8 | Mortgagor’s Waivers. |
|-----|----------------------------|

|   | (a) | Mortgagor has read and hereby approves the Credit Agreement, the Notes the other Transaction Documents and all other agreements and documents relating thereto. Mortgagor acknowledges that it has been represented by counsel of its choice to review this Mortgage, the Transaction Documents and all other documents relating thereto and said counsel has explained and Mortgagor understands the provisions thereof, or thatMortgagor has voluntarily declined to retain such counsel; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Mortgagor hereby expressly waives, to the extent permitted by applicable law, diligence, demand, presentment, protest and notice of every kind and nature whatsoever (unless as otherwise required under this Mortgage) and waives any right to require Mortgagee or any other Secured Party to enforce any remedy against any guarantor, endorser or other person whatsoever prior to the exercise of its rights and remedies hereunderor otherwise. Mortgagor waives, to the extent permitted by applicable law, any right to require Mortgagee or any other Secured Party to: (i) proceed or exhaust any collateral security given or held by Mortgagee or any other Secured Party in connection with the Secured Obligations; (ii) give notice of the terms, time and place of any public or private sale of any real or personal property security for the Secured Obligations or other guaranty of the Secured Obligations; or (iii) pursue any other remedy in Mortgagee’sor any other Secured Party’s power whatsoever; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Until all Secured Obligations shall have been indefeasibly paid in full, Mortgagor: (i) shall not have any right of subrogation to any of the rights of Mortgagee or any other Secured Party against any guarantor, maker or endorser; (ii) waives any right to enforce any remedy which Mortgagee or other Secured Party now has or may hereafter have against any other guarantor, maker or endorser; and (iii) waives any benefitof, and any other right to participate in, any collateral security for the Secured Obligations or any guaranty of the Secured Obligations now or hereafter held by Mortgagee or any other Secured Party; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (d) | Subject to any applicable provisions of the Transaction Documents, Mortgagor hereby authorizes and empowers Mortgagee in its sole discretion at the direction of the Required First lien Secured Parties, without any notice or demand and without affecting the Lien and charge of this Mortgage, to exercise any right or remedy which Mortgagee or any other Secured Party may have available to it, including, but not limitedto, judicial foreclosure, exercise of rights of power of sale without judicial action (to the extent permitted by applicable law) as to any collateral security for the Secured Obligations, whether real, personal or intangible property; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | To the full extent permitted by law, Mortgagor hereby covenants and agrees that it shall not at any time insist upon or plead, or in any manner whatsoever claim or take any advantage of, any stay, exemption or extension law or any so called “moratorium law” now or at any time hereafter in force, nor claim, take or insist upon any benefit or advantage of or from any law now or hereafter in force providingfor the valuation or appraisement of the Property, or any part thereof, prior to any sale or sales thereof to be made pursuant to any provisions herein contained, or to any decree, judgment or order of any court of competent jurisdiction; or after such sale or sales claim or exercise any rights under any statute now or hereafter in force to redeem the property so sold, or any part thereof, to the extent such covenant and agreement is permitted by applicable law, or relating to the marshaling thereof, upon foreclosuresale or other enforcement hereof. To the full extent permitted by law, Mortgagor hereby expressly waives any and all rights it may have to require that the Property be sold as separate tracts or units in the event of foreclosure. To the full extent permitted by law, Mortgagor hereby expressly waives any and all rights of redemption after sale under any order or decree of foreclosure of this Mortgage, on its own behalf, on behalf of all Persons claiming or having an interest (direct or indirect) by, through orunder Mortgagor and on behalf of each and every Person acquiring any interest in or title to the Real Property subsequent to the date hereof, it being the intent hereof that any and all such rights of redemption of Mortgagor and of all other Persons, are and shall be deemed to be hereby waived to the full extent permitted by applicable law. To the full extent permitted by law, Mortgagor agrees that it shall not, by invoking or utilizing any applicable law or laws or otherwise, hinder, delay or impede the exerciseof any right, power or remedy herein or otherwise granted or delegated to Mortgagee or any other Secured Party, but shall suffer and permit the exercise of every such right, power and remedy as though no such law or laws have been or will have been made or enacted. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.1 | Performance at Mortgagor’s Expense. |
|-----|-------------------------------------------|

----

| 8.2 | Mortgagee’s Right to Perform the Secured Obligations. |
|-----|-------------------------------------------------------------|

| 8.3 | Survival of Secured Obligations. |
|-----|----------------------------------|

| 8.4 | Notices. |
|-----|----------|

| 8.5 | Delay not a Waiver. |
|-----|---------------------|

----

| 8.6 | Covenants Running with the Land. |
|-----|----------------------------------|

| 8.7 | Further Assurances. |
|-----|---------------------|

|   | (a) | Notwithstanding anything to the contrary herein, Mortgagor shall, at Mortgagor’s sole cost and expense: |
|--------|-----|---------------------------------------------------------------------------------------------------------------|

|   | (i) | execute and deliver to Mortgagee such documents, instruments, certificates, assignments and other writings, and do such other acts necessary or desirable, to evidence, preserve and/or protect the collateral at any time securing or intended to secure the obligations of Mortgagor under the Transaction Documents, as Mortgagee may reasonably require; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | do and execute all and such further lawful and reasonable acts, conveyances and assurances for the better and more effective carrying out of the intents and purposes of this Mortgage and the other Transaction Documents, as Mortgagee shall reasonably require from time to time; provided that Mortgagor shall not be required to pay any material out-of-pocketcosts or incur any material obligations not contemplated by this Mortgage or the other Transaction Documents in connection with the performance of its obligations under this Section 8.7(a)(ii). |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | If at any time Mortgagee determines, based on applicable law, that all applicable taxes (including mortgage recording taxes or similar charges, but excluding Permitted Encumbrances) were not paid in connection with the recordation of this Mortgage or the perfection of the Liens granted pursuant to the Transaction Documents, Mortgagor shall pay the same upon demand; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | In the event that the legal description attached to any Transaction Document is inaccurate or does not fully describe all of the Real Property in which Mortgagor has an interest, Mortgagor hereby agrees to the amendment of such legal description and the legal description contained in the corresponding title insurance policy so that such error is corrected and Mortgagor shall execute and cause to be recorded, if applicable,such documentation as may be necessary for such purpose. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8.8 | Severability. |
|-----|---------------|

| 8.9 | Entire Agreement and Modification. |
|-----|------------------------------------|

| 8.10 | Applicable Law. |
|------|-----------------|

| 8.11 | Limitation on Mortgagee’s Responsibility. |
|------|-------------------------------------------------|

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| 8.12 | Headings. |
|------|-----------|

| 8.13 | Marshalling. |
|------|--------------|

| 8.14 | Waiver of Jury Trial and Consent to Jurisdiction. |
|------|---------------------------------------------------|

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| 8.15 | Maximum Indebtedness; Future Advances; Revolving Credit. |
|------|----------------------------------------------------------|

| (A) | This Mortgage shall secure not only existing Secured Obligations, but also such future advances, whether such advances are obligatory or are to be made at the option of Mortgagee or the Secured Parties or otherwise related to or in connection with the Credit Agreement or the other Transaction Documents, as are made by Mortgagee and/or the Secured Parties to Mortgagor to the same extent as if such future advanceswere made on the date of the execution of this Mortgage, including (a) any and all additional advances made by Mortgagee or the Secured Parties to protect or preserve the Property or the Lien hereof on the Property, or to pay taxes, to pay premiums on insurance on the Property (whether or not the original Mortgagor remains the owner of the Property at the time of such advances and whether or not the original Mortgagee remains the Administrative Agent and/or the Collateral Agent); (b) any and all expenses incidentto the collection of the Secured Obligations and the foreclosure hereof by action in any court or by exercise of the power of sale herein contained (to the extent permitted by applicable law); (c) any and all amounts now owing or which may hereafter be owing by Mortgagor to Mortgagee, and/or the Secured Parties pursuant to the Transaction Documents, however and whenever incurred or evidenced, whether direct or indirect, absolute or contingent, due or to become due, together with any and all renewal or renewalsand extension or extensions of the Secured Obligations; (d) the full and prompt payment and performance of any and all obligations or covenants of Mortgagor to Mortgagee and/or the Secured Parties under the terms of any other agreements, assignments or other instruments now or hereafter evidencing, securing or otherwise relating to the Secured Obligations, including the Transaction Documents; and (e) any other amounts advanced pursuant to the Credit Agreement. All such future advances are intended to and shallhave priority from the date the Mortgage is recorded; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The maximum amount of the indebtedness secured hereby may increase or decrease from time to time, but the total unpaid balance so secured at any one time shall not exceed One Billion Five Hundred Seventy-Five Million Dollars ($1,575,000,000). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.16 | Lien Absolute; Multiple Collateral Transaction. |
|------|-------------------------------------------------|

----

| 8.17 | Discharge of Mortgage. |
|------|------------------------|

| 8.18 | Renewal or Extension of Secured Obligations. |
|------|----------------------------------------------|

| 8.19 | Assumption Not a Novation. |
|------|----------------------------|

| 8.20 | Intercreditor Agreement. |
|------|--------------------------|

|   | (a) | Notwithstanding anything herein to the contrary, the lien and security interest granted to Mortgagee pursuant to this Mortgage and the exercise of any right or remedy by Mortgagee hereunder are subject to the provisions of that certain Collateral Agency and Intercreditor Agreement, dated as of the date hereof, by |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (b) | No amendment or waiver of any provision of this Mortgage shall be effective unless such amendment or waiver is made in compliance with the Intercreditor Agreement, to the extent provided for therein. The lien and security interests granted to the Mortgagee are subject to the provisions of the Intercreditor Agreement, as therein provided; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | each of the parties hereto acknowledges and agrees that the Collateral Agent shall not take any action hereunder, other than administrative or ministerial acts or other acts contemplated by the Intercreditor Agreement, unless it is directed to do so by the Required First Lien Secured Parties. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | MORTGAGOR:                                                             |
|--------|------------------------------------------------------------------------|
|   | PLUM POINT ENERGY ASSOCIATES, LLC,a Delaware-limited liability company |
|   |                                                                   |   |
|   | By:                                                                    | /s/ JOSEPH E STEVES |
|   |                                                                   | Name: | JOSEPH E STEVES |
|   |                                                                   | Title: | SENIOR VICE PRESIDENT |

----

|                                | /s/ Xavier M. Jones                                                                                         |
|-------------------------------------|-------------------------------------------------------------------------------------------------------------|
|                                | NOTARY PUBLIC                                                                                               |
|                                |                                                                                                        |
|                                | XAVlER M. JONESNOTARY PUBLIC STATE OF NEW YORK                                                              |
| My commission expires:Sept. 8, 2010 | No. 60-5001527Qualified in Westchester CountyCertificate Filed in NY CountyCommission Expires Sept. 8, 2010 |

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|   | South 09 degrees 55 minutes 20 seconds East |   | 259.59feet, |
|--------|---------------------------------------------|--------|-------------|
|   | South 14 degrees 25 minutes 17 seconds East |   | 174.36feet, |
|   | South 21 degrees 06 minutes 59 seconds East |   | 181.04feet, |
|   | South 37 degrees 20 minutes 06 seconds East |   | 168.50feet, |
|   | South 46 degrees 12 minutes 02 seconds East |   | 195.86feet, |
|   | South 51 degrees 39 minutes 25 seconds East |   | 275.23feet, |
|   | South 49 degrees 04 minutes 54 seconds East |   | 433.83feet  |

----

----

|   | North 47 degrees 24 minutes 56 seconds West |   | 196.96feet, |
|--------|---------------------------------------------|--------|-------------|
|   | North 45 degrees 09 minutes 51 seconds West |   | 1090.2feet, |
|   | North 42 degrees 22 minutes 27 seconds West |   | 424.67feet, |
|   | North 48 degrees 41 minutes 04 seconds West |   | 718.67feet, |
|   | North 47 degrees 24 minutes 16 seconds West |   | 303.96feet, |
|   | North 37 degrees 10 minutes 55 seconds West |   | 150.11feet, |
|   | North 17 degrees 50 minutes 02 seconds West |   | 287.89feet, |
|   | North 11 degrees 37 minutes 13 seconds West |   | 315.76feet, |
|   | North 10 degrees 17 minutes 06 seconds West |   | 282.18feet, |
|   | North 09 degrees 25 minutes 55 seconds West |   | 350.44feet, |
|   | North 17 degrees 56 minutes 40 seconds West |   | 227.79feet, |
|   | North 26 degrees 08 minutes 02 seconds West |   | 502.54feet, |
|   | North 15 degrees 03 minutes 21 seconds West |   | 469.53feet, |

----

|   | North 25 degrees 06 minutes 40 seconds West |   | 317.23 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 01 degrees 16 minutes 24 seconds East |   | 275.68 feet, |

|   | South 35 degrees 33 minutes 50 seconds East |   | 99.93 feet,   |
|--------|---------------------------------------------|--------|---------------|
|   | North 54 degrees 27 minutes 10 seconds East |   | 199.93 feet,  |
|   | South 35 degrees 33 minutes 15 seconds East |   | 2935.37 feet, |
|   | South 01 degrees 17 minutes 59 seconds West |   | 283.77 feet,  |
|   | South 41 degrees 44 minutes 54 seconds East |   | 866.76 feet,  |
|   | South 63 degrees 22 minutes 42 seconds East |   | 360.04 feet,  |
|   | South 08 degrees 37 minutes 40 seconds East |   | 356.70 feet,  |
|   | South 22 degrees 09 minutes 14 seconds East |   | 307.53 feet,  |
|   | South 00 degrees 30 minutes 25 seconds East |   | 26.26 feet,   |
|   | North 69 degrees 18 minutes 20 seconds East |   | 42.76 feet,   |
|   | South 37 degrees 09 minutes 00 seconds East |   | 308.58 feet,  |
|   | South 50 degrees 21 minutes 45 seconds East |   | 547.72 feet,  |

|   | North 63 degrees 26 minutes 52 seconds West |   | 86.09 feet,   |
|--------|---------------------------------------------|--------|---------------|
|   | North 41 degrees 44 minutes 36 seconds West |   | 574.04 feet,  |
|   | North 01 degrees 28 minutes 34 seconds East |   | 234.78 feet,  |
|   | North 13 degrees 59 minutes 13 seconds East |   | 646.50 feet,  |
|   | North 43 degrees 43 minutes 13 seconds West |   | 1435.79 feet, |
|   | North 39 degrees 43 minutes 44 seconds East |   | 114.96 feet,  |
|   | North 47 degrees 59 minutes 08 seconds West |   | 500.39 feet,  |
|   | North 55 degrees 07 minutes 39 seconds West |   | 531.88 feet,  |
|   | North 45 degrees 41 minutes 15 seconds West |   | 174.17 feet,  |
|   | North 54 degrees 16 minutes 32 seconds East |   | 470.96 feet,  |
|   | North 35 degrees 33 minutes 50 seconds West |   | 99.93 feet,   |
|   | South 54 degrees 26 minutes 15 seconds West |   | 499.99 feet,  |
|   | North 52 degrees 22 minutes 02 seconds West |   | 403.26 feet,  |
|   | North 34 degrees 26 minutes 45 seconds West |   | 118.74 feet,  |
|   | North 67 degrees 20 minutes 10 seconds East |   | 1485.18 feet, |

|   | South 32 degrees 13 minutes 06 seconds East |   | 1865.46feet, |
|--------|---------------------------------------------|--------|--------------|
|   | South 30 degrees 47 minutes 07 seconds East |   | 2631.06feet, |

----

|   | South 55 degrees 51 minutes 18 seconds East |   | 918.48 feet, |
|--------|---------------------------------------------|--------|--------------|

|   | North 64 degrees 54 minutes 24 seconds West |   | 832.67 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 73 degrees 56 minutes 25 seconds West |   | 161.10 feet, |
|   | North 83 degrees 35 minutes 25 seconds West |   | 337.92 feet, |
|   | South 49 degrees 59 minutes 28 seconds West |   | 107.82 feet  |
|   | North 69 degrees 01 minutes 09 seconds West |   | 271.31 feet, |
|   | South 41 degrees 44 minutes 32 seconds West |   | 410.99 feet  |

|   | North 61 degrees 21 minutes 27 seconds West |   | 31.95 feet,  |
|--------|---------------------------------------------|--------|--------------|
|   | North 62 degrees 26 minutes 34 seconds West |   | 101.98 feet, |
|   | North 74 degrees 52 minutes 55 seconds West |   | 109.19 feet, |
|   | North 22 degrees 56 minutes 49 seconds West |   | 96.75 feet,  |
|   | North 16 degrees 25 minutes 14 seconds West |   | 212.76 feet, |
|   | North 03 degrees 53 minutes 11 seconds West |   | 115.46 feet, |
|   | South 74 degrees 51 minutes 16 seconds West |   | 152.07 feet, |
|   | North 37 degrees 07 minutes 58 seconds West |   | 77.88 feet,  |
|   | North 08 degrees 43 minutes 49 seconds West |   | 533.77 feet, |
|   | North 73 degrees 05 minutes 43 seconds East |   | 293.57 feet, |
|   | South 63 degrees 02 minutes 24 seconds East |   | 521.64 feet, |
|   | North 25 degrees 04 minutes 00 seconds East |   | 188.03 feet, |
|   | South 66 degrees 29 minutes 53 seconds East |   | 197.50 feet, |
|   | South 23 degrees 30 minutes 28 seconds West |   | 93.47 feet,  |
|   | South 61 degrees 42 minutes 07 seconds East |   | 192.30 feet, |
|   | South 57 degrees 19 minutes 35 seconds East |   | 101.21 feet, |

----

|   | North 02 degrees 23 minutes 20 seconds East |   | 64.71 feet,  |
|--------|---------------------------------------------|--------|--------------|
|   | North 05 degrees 47 minutes 39 seconds East |   | 224.43 feet, |
|   | North 14 degrees 24 minutes 16 seconds East |   | 210.90 feet, |
|   | North 20 degrees 23 minutes 46 seconds East |   | 23.68 feet,  |

|   | STATE OF ARKANSAS, COUNTY OF MISSISSIPPIOSCEOLA DISTRICT |
|--------|----------------------------------------------------------|
|   | FILED FOR RECORD THE 30th DAY OF March              |
|   | 2007 AT 11:30 O’CLOCK AM. AND RECORDED             |
|   | IN BOOK 2007 PAGE 2739                                   |
|   | DONNA BRAY, CIRCUIT CLERK                                |
|   |                                                     |
|   | BY                                                       | /s/ Arcadia Thompson | D.C. |

----

| WHEN RECORDED MAIL TO:                        |   |                          |                                 |
|-----------------------------------------------|--------|-------------------------------|--------------------------------------|
|                                          |   |                          |                                 |
| Betsy J. Mukamal, Esq.                        |   |                          |                                 |
| Latham & Watkins                          |   |                          |                                 |
| 885 Third Avenue, Suite 1000                  |   |                          |                                 |
| New York, NY 10022                            |   |                          | FILED FOR RECORD                     |
|                                          |   |                          | This 30th Day of March 2007          |
| Please Return To                              |   |                          | at 11:30 o’clock AM.           |
|                                          |   |                          | Donna Bray, Clerk                    |
| Zonia N. Veal                                 |   |                          |                                 |
| First National Financial Title Services, Inc. |   |                          |                                 |
| 3237 Satellite Blvd., Bldg. 300,Ste 450       |   |                          | By_____________________________ D.C. |
| Duluth, GA 30096                              |   |                          | #2725                                |
|                                          |   |                          |                                 |
| H2626-S                                       |   |                          |                                 |
|                                          |
|                                          |   | (for use by recording office) |

|   |   |   |   |
|--------|--------|--------|--------|
|   |   |   |   |

----

|   |   |   |
|--------|--------|--------|
| By:    |   |   |
| Its:   |   |   |

|   | /s/ THOMAS CANTELLO |   | /s/ LAURENCE LAPEYRE |   |
|--------|---------------------|--------|----------------------|--------|
| By:    | THOMAS CANTELLO     |   | LAURENCE LAPEYRE     |   |
| Its:   | DIRECTOR            |   | ASSOCIATE            |   |

----

|   | /s/ Joseph Esteves |   |
|--------|--------------------|--------|
| By:    | Joseph Esteves     |   |
| Its:   |               |   |

|   |   |   |
|--------|--------|--------|
| By:    |   |   |
| Its:   |   |   |

----

| STATE OF NEW YORK  |   | )     |
|--------------------|--------|-------|
|               |   | ) ss: |
| COUNTY OF NEW YORK |   | )     |

| MARJORIE E. BULLNotary Public, State of New YorkNo. 01BU6055282Qualified in New York CountyCommission Expires February 20, 2011 |   | /s/ MARJORIE E. BULLNotary Public |
|---------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|

| My Commission Expires: |   |
|------------------------|--------|
|                   |   |
|                   |   |
|                   |   |
| (SEAL)                 |   |

----

| STATE OF NEW YORK  |   | )     |
|--------------------|--------|-------|
|               |   | ) ss: |
| COUNTY OF NEW YORK |   | )     |

|                   | /s/ XAVIER M. JONES |
|------------------------|---------------------|
|                   | Notary Public       |
| My commission expires: |                |
| (SEAL)                 |                | XAVIER M. JONESNOTARY PUBLIC STATE OF NEW YORKNo. 60-5001527Qualified in Westchester CountyCertificate Filed in NY CountyCommission Expires Sept. 8, 2010 |

----

|   | South 09 degrees 55 minutes 20 seconds East |   | 259.59 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | South 14 degrees 25 minutes 17 seconds East |   | 174.36 feet, |
|   | South 21 degrees 06 minutes 59 seconds East |   | 181.04 feet, |
|   | South 37 degrees 20 minutes 06 seconds East |   | 168.50 feet, |
|   | South 46 degrees 12 minutes 02 seconds East |   | 195.86 feet, |
|   | South 51 degrees 39 minutes 25 seconds East |   | 275.23 feet, |
|   | South 49 degrees 04 minutes 54 seconds East |   | 433.83 feet  |

----

----

|   | North 47 degrees 24 minutes 56 seconds West |   | 196.96 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 45 degrees 09 minutes 51 seconds West |   | 1090.2 feet, |

----

|   | North 42 degrees 22 minutes 27 seconds West |   | 424.67 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 48 degrees 41 minutes 04 seconds West |   | 718.67 feet, |
|   | North 47 degrees 24 minutes 16 seconds West |   | 303.96 feet, |
|   | North 37 degrees 10 minutes 55 seconds West |   | 150.11 feet, |
|   | North 17 degrees 50 minutes 02 seconds West |   | 287.89 feet, |
|   | North 11 degrees 37 minutes 13 seconds West |   | 315.76 feet, |
|   | North 10 degrees 17 minutes 06 seconds West |   | 282.18 feet, |
|   | North 09 degrees 25 minutes 55 seconds West |   | 350.44 feet, |
|   | North 17 degrees 56 minutes 40 seconds West |   | 227.79 feet, |
|   | North 26 degrees 08 minutes 02 seconds West |   | 502.54 feet, |
|   | North 15 degrees 03 minutes 21 seconds West |   | 469.53 feet, |
|   | North 25 degrees 06 minutes 40 seconds West |   | 317.23 feet, |
|   | North 01 degrees 16 minutes 24 seconds East |   | 275.68 feet, |

|   | South 35 degrees 33 minutes 50 seconds East |   | 99.93 feet,   |
|--------|---------------------------------------------|--------|---------------|
|   | North 54 degrees 27 minutes 10 seconds East |   | 199.93 feet,  |
|   | South 35 degrees 33 minutes 15 seconds East |   | 2935.37 feet, |
|   | South 01 degrees 17 minutes 59 seconds West |   | 283.77 feet,  |
|   | South 41 degrees 44 minutes 54 seconds East |   | 866.76 feet,  |
|   | South 63 degrees 22 minutes 42 seconds East |   | 360.04 feet,  |
|   | South 08 degrees 37 minutes 40 seconds East |   | 356.70 feet,  |
|   | South 22 degrees 09 minutes 14 seconds East |   | 307.53 feet,  |
|   | South 00 degrees 30 minutes 25 seconds East |   | 26.26 feet,   |
|   | North 69 degrees 18 minutes 20 seconds East |   | 42.76 feet,   |
|   | South 37 degrees 09 minutes 00 seconds East |   | 308.58 feet,  |
|   | South 50 degrees 21 minutes 45 seconds East |   | 547.72 feet,  |

|   | North 63 degrees 26 minutes 52 seconds West |   | 86.09 feet,   |
|--------|---------------------------------------------|--------|---------------|
|   | North 41 degrees 44 minutes 36 seconds West |   | 574.04 feet,  |
|   | North 01 degrees 28 minutes 34 seconds East |   | 234.78 feet,  |
|   | North 13 degrees 59 minutes 13 seconds East |   | 646.50 feet,  |
|   | North 43 degrees 43 minutes 13 seconds West |   | 1435.79 feet, |

----

|   | North 39 degrees 43 minutes 44 seconds East |   | 114.96 feet,  |
|--------|---------------------------------------------|--------|---------------|
|   | North 47 degrees 59 minutes 08 seconds West |   | 500.39 feet,  |
|   | North 55 degrees 07 minutes 39 seconds West |   | 531.88 feet,  |
|   | North 45 degrees 41 minutes 15 seconds West |   | 174.17 feet,  |
|   | North 54 degrees 16 minutes 32 seconds East |   | 470.96 feet,  |
|   | North 35 degrees 33 minutes 50 seconds West |   | 99.93 feet,   |
|   | South 54 degrees 26 minutes 15 seconds West |   | 499.99 feet,  |
|   | North 52 degrees 22 minutes 02 seconds West |   | 403.26 feet,  |
|   | North 34 degrees 26 minutes 45 seconds West |   | 118.74 feet,  |
|   | North 67 degrees 20 minutes 10 seconds East |   | 1485.18 feet, |

|   | South 32 degrees 13 minutes 06 seconds East |   | 1865.46 feet, |
|--------|---------------------------------------------|--------|---------------|
|   | South 30 degrees 47 minutes 07 seconds East |   | 2631.06 feet, |
|   | South 55 degrees 51 minutes 18 seconds East |   | 918.48 feet,  |

|   | North 64 degrees 54 minutes 24 seconds West |   | 832.67 feet, |
|--------|---------------------------------------------|--------|--------------|
|   | North 73 degrees 56 minutes 25 seconds West |   | 161.10 feet, |
|   | North 83 degrees 35 minutes 25 seconds West |   | 337.92 feet, |
|   | South 49 degrees 59 minutes 28 seconds West |   | 107.82 feet  |
|   | North 69 degrees 01 minutes 09 seconds West |   | 271.31 feet, |
|   | South 41 degrees 44 minutes 32 seconds West |   | 410.99 feet  |

|   | North 61 degrees 21 minutes 27 seconds West |   | 31.95 feet,  |
|--------|---------------------------------------------|--------|--------------|
|   | North 62 degrees 26 minutes 34 seconds West |   | 101.98 feet, |
|   | North 74 degrees 52 minutes 55 seconds West |   | 109.19 feet, |
|   | North 22 degrees 56 minutes 49 seconds West |   | 96.75 feet,  |
|   | North 16 degrees 25 minutes 14 seconds West |   | 212.76 feet, |
|   | North 03 degrees 53 minutes 11 seconds West |   | 115.46 feet, |
|   | South 74 degrees 51 minutes 16 seconds West |   | 152.07 feet, |
|   | North 37 degrees 07 minutes 58 seconds West |   | 77.88 feet,  |
|   | North 08 degrees 43 minutes 49 seconds West |   | 533.77 feet, |
|   | North 73 degrees 05 minutes 43 seconds East |   | 293.57 feet, |
|   | South 63 degrees 02 minutes 24 seconds East |   | 521.64 feet, |
|   | North 25 degrees 04 minutes 00 seconds East |   | 188.03 feet, |
|   | South 66 degrees 29 minutes 53 seconds East |   | 197.50 feet, |
|   | South 23 degrees 30 minutes 28 seconds West |   | 93.47 feet,  |
|   | South 61 degrees 42 minutes 07 seconds East |   | 192.30 feet, |

----

|   | South 57 degrees 19 minutes 35 seconds East |   | 101.21 feet, |
|--------|---------------------------------------------|--------|--------------|

|   | North 02 degrees 23 minutes 20 seconds East |   | 64.71 feet,  |
|--------|---------------------------------------------|--------|--------------|
|   | North 05 degrees 47 minutes 39 seconds East |   | 224.43 feet, |
|   | North 14 degrees 24 minutes 16 seconds East |   | 210.90 feet, |
|   | North 20 degrees 23 minutes 46 seconds East |   | 23.68 feet,  |

|   | STATE OF ARKANSAS, COUNTY OF MISSISSIPPI          |
|--------|---------------------------------------------------|
|   | OSCEOLA DISTRICT                                  |
|   | FILED FOR RECORD THE 30th DAY OF March            |
|   | 2007 AT 11:30 O’CLOCK AM. AND RECORDED |
|   | IN BOOK 2007 PAGE 2717                            |
|   | DONNA BRAY, CIRCUIT CLERK                         |
|   | BY:                                               | /S/ Arcadia Thompson | D.C. |

----

|   | [NAME OF LENDER]                         |
|--------|------------------------------------------|
|   |                                     |
|   | By: ____________________________________ |
|   | Name:                                    |
|   | Title:                                   |
|   |                                     |
|   | [ADDRESS]                                |

----

----

|   | Re: | Plum Point Energy Associates, LLC |
|--------|-----|-----------------------------------|

----

|   | Respectfully submitted, |
|--------|-------------------------|
|   |                    |   |
|   | MOORE-McNEIL, LLC       |
|   |                    |   |
|   | By:                     |   |
|   | Name:         | Charles C. Moore |
|   |                    | President |

----

| Subject: | Plum Point Energy Associates, LLC |
|----------|-----------------------------------|

----

|   |   Name: | [                                 ] |
|--------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Title: |   [                                 ] |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Subject: | Plum Point Energy Associates, LLC |
|----------|-----------------------------------|

----

|   | (a) | [Except _______]1, after giving effect to the making of the Construction Loan to be made pursuant to the Borrowing Request and any Sponsor Support Payments made on or prior to the date hereof, the funds available to the Borrower, when taken together with unutilized amounts then available to be drawn under the Credit Agreement, the SponsorSupport Agreement and the Bond Loan Agreement, is reasonably expected to be sufficient to cause the Commercial Operations Date to occur in accordance with all Legal Requirements, the Project Contracts and the Credit Documents on or prior to the Date Certain and to pay or provide for all anticipated non-construction Project Costs, all as set forth in the then current Project Budget [(except as provided under any change orders under the EPC Contract listed on Schedule1 hereto which have been previously delivered to us)]. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | After giving effect to the making of the Construction Loan to be made pursuant to the Borrowing Request, the aggregate amount of funds on deposit in the Construction Account and the Construction Discretionary |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1 | Insert language if appropriate. |
|---|---------------------------------|

----

|   | (c) | (i) We believe that the work performed under the EPC Contract as of the date hereof has in all material respects been performed in a good and workman like manner and in accordance with generally accepted engineering and construction and project management practices and (ii) [except _______]2, since the date of our last Certificate, therehas been no claim by the EPC Contractor that it is entitled to a material change in the Substantial Completion Date, the Scope of Work, or the Contract Price (as each such term is defined in the EPC Contract). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | [Except _____]3, the major construction and operation activities (if any) and the progress of the construction of the Project through the date of this Certificate are proceeding in a satisfactory manner in accordance with the EPC Contract. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | To the best of our knowledge, which knowledge is based upon our review conducted in accordance with the scope of services as Independent Engineer for the Lenders, payment requested by delivery of the monthly reports required by the EPC Contract, and the written invoices related thereto, are in accordance with the Schedule of Values and the Project Payment Schedules (each as defined in the EPC Contract), in each case,taken in their entirety. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | [Except ________],4 we are not aware that any events of Force Majeure (as defined in the EPC Contract) have occurred and are continuing. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | To the best of our knowledge, all Applicable Permits as required by Section 3.12 of the Credit Agreement and as listed in Schedule 3.12 of the Credit Agreement have been obtained, are in full force and effect as of the date hereof or are reasonably expected to be obtained. Such Applicable Permits (to the extent obtained) are not subject to any condition (other than compliance with the terms thereof) and do not imposerestrictions or requirements inconsistent in any material respect with the transactions or the Scope of Work or other specifications in the EPC Contract and operation contemplated by the Project Documents. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Insert language if appropriate. |
|---|---------------------------------|

| 3 | Insert language if appropriate. |
|---|---------------------------------|

| 4 | Insert language if appropriate. |
|---|---------------------------------|

----

|   | (h) | [The work contemplated by the total current change orders under the EPC Contract, in our opinion, is necessary and reasonable and such change orders comply with the terms of the Credit Agreement and the EPC Contract.] |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   Name: | [                                 ] |
|--------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Title: |   [                                 ] |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ChangeOrder                           | Adjustmentto theScope ofWork,if any | AdjustmenttoGuaranteedValues,if any | Adjustment toGuaranteedCompletionDate,if any | Adjustmentto ProjectPaymentSchedule,if any | AdjustmenttoContractPrice,if any | Adjustmentto any otherterms andconditions,if any |
|---------------------------------------|-------------------------------------|-------------------------------------|----------------------------------------------|--------------------------------------------|----------------------------------|--------------------------------------------------|
|                                  |                                |                                |                                         |                                       |                             |                                             |
|                                  |                                |                                |                                         |                                       |                             |                                             |
|                                  |                                |                                |                                         |                                       |                             |                                             |
| [Insert additional rows as necessary] |                                |                                |                                         |                                       |                             |                                             |

----

|                                        |   | Borrower’sBudget |        |
|---------------------------------------------|--------|------------------------|-------------|
|                                        |   |                   |        |
| Shared Project Costs                        |   |                   | 574,762,428 |   |
|                                        |   |                   |        |   |
| EPC Contract                                |   |                   | 500,747,876 |   |
|                                        |   |                   |        |   |
| Other Construction                          |   |                   | 17,890,322  |   |
|                                        |   |                   |        |   |
| O&M Contractor Labor and Fee            |   |                   | 8,576,745   |   |
|                                        |   |                   |        |   |
| Operational General & Admin             |   |                   | 713,143     |   |
|                                        |   |                   |        |   |
| Commissioning                               |   |                   | 10,876,784  |   |
|                                        |   |                   |        |   |
| Test Energy Revenue                         |   |                   | (7,361,077  | ) |
|                                        |   |                   |        |   |
| Equipment, Material, Spares and Inventories |   |                   | 12,613,541  |   |
|                                        |   |                   |        |   |
| Construction Management                     |   |                   | 12,452,349  |   |
|                                        |   |                   |        |   |
| Sales / Use Tax                             |   |                   | 5,565,350   |   |
|                                        |   |                   |        |   |
| Insurance                                   |   |                   | 998,156     |   |
|                                        |   |                   |        |   |
| Land & Easements                        |   |                   | 4,868,167   |   |
|                                        |   |                   |        |   |
| PILOT Payment                               |   |                   | 687,885     |   |
|                                        |   |                   |        |   |
| Solid Waste Facility Trust Fund             |   |                   | 163,938     |   |
|                                        |   |                   |        |   |
| Major Maintenance Reserve                   |   |                   | 284,250     |   |
|                                        |   |                   |        |   |
| Development Reimbursement                   |   |                   | 5,685,000   |   |
|                                        |   |                   |        |   |
| Reimbursement from PPA Counterparties       |   |                   | (17,862,953 | ) |
|                                        |   |                   |        |   |
| Interest Expense and Commitment Fees        |   |                   | 110,980,871 |   |
|                                        |   |                   |        |   |
| Interest Earnings                           |   |                   | (6,874,950  | ) |
|                                        |   |                   |        |   |
| Commitment Fee on WC and DSR Surety         |   |                   | 487,214     |   |
|                                        |   |                   |        |   |
| Project Administration                      |   |                   | 2,009,000   |   |
|                                        |   |                   |        |   |
| LC Reimbursement for Equity Commitment      |   |                   | 2,690,625   |   |
|                                        |   |                   |        |   |
| Third Party Fees and Expenses               |   |                   | 28,580,940  |   |
|                                        |   |                   |        |   |
| Prior Debt Payoff for Non-Shareable         |   |                   | 45,701,650  |   |
|                                        |   |                   |        |   |
| Outstanding Tax Exempt Financing            |   |                   | 20,179,522  |   |
|                                        |   |                   |        |   |
| Contingency                                 |   |                   | 39,000,000  |   |
|                                        |   |                   |        |   |
| Total                                       |   |                   | 799,654,347 |   |

----

----

|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Partial Year of Operations                     |   |   | 0.38   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |
| Contract Year                                  |   |   | 1      |   |   |   | 2      |   |   |   | 3      |   |   |   | 4      |   |   |   | 5      |   |   |   | 6      |   |   |   | 7      |   |   |   | 8      |   |   |   | 9      |   |   |   | 10     |   |   |   | 11     |   |   |   | 12     |   |   |   | 13     |   |   |   | 14     |   |   |   | 15     |   |   |   | 16     |   |   |   | 17     |   |   |   | 18     |   |   |   | 19     |   |
| Year                                           |   |   | 2010   |   |   |   | 2011   |   |   |   | 2012   |   |   |   | 2013   |   |   |   | 2014   |   |   |   | 2015   |   |   |   | 2016   |   |   |   | 2017   |   |   |   | 2018   |   |   |   | 2019   |   |   |   | 2020   |   |   |   | 2021   |   |   |   | 2022   |   |   |   | 2023   |   |   |   | 2024   |   |   |   | 2025   |   |   |   | 2026   |   |   |   | 2027   |   |   |   | 2028   |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contracted Capacity Payments                   |   | $      | 25.6   |   |   | $      | 67.9   |   |   | $      | 69.5   |   |   | $      | 71.1   |   |   | $      | 72.8   |   |   | $      | 74.6   |   |   | $      | 76.3   |   |   | $      | 78.2   |   |   | $      | 80.0   |   |   | $      | 82.0   |   |   | $      | 83.9   |   |   | $      | 86.0   |   |   | $      | 88.0   |   |   | $      | 90.2   |   |   | $      | 92.4   |   |   | $      | 94.6   |   |   | $      | 96.9   |   |   | $      | 99.3   |   |   | $      | 101.7  |   |
| Contracted VOM Reimbursement                   |   |   | 3.4    |   |   |   | 8.6    |   |   |   | 8.9    |   |   |   | 9.3    |   |   |   | 9.2    |   |   |   | 10.0   |   |   |   | 10.4   |   |   |   | 10.8   |   |   |   | 10.2   |   |   |   | 11.7   |   |   |   | 12.2   |   |   |   | 12.8   |   |   |   | 12.8   |   |   |   | 14.0   |   |   |   | 14.7   |   |   |   | 15.4   |   |   |   | 14.3   |   |   |   | 16.1   |   |   |   | 16.4   |   |
| Contracted FOM Payment                         |   |   | 4.9    |   |   |   | 14.0   |   |   |   | 14.5   |   |   |   | 15.3   |   |   |   | 15.6   |   |   |   | 16.0   |   |   |   | 16.3   |   |   |   | 16.7   |   |   |   | 17.0   |   |   |   | 17.4   |   |   |   | 17.8   |   |   |   | 18.1   |   |   |   | 18.5   |   |   |   | 18.9   |   |   |   | 19.4   |   |   |   | 19.8   |   |   |   | 20.2   |   |   |   | 20.7   |   |   |   | 21.1   |   |
| Contracted Fuel Payment                        |   |   | 16.6   |   |   |   | 41.6   |   |   |   | 42.3   |   |   |   | 43.1   |   |   |   | 42.2   |   |   |   | 44.7   |   |   |   | 45.6   |   |   |   | 46.5   |   |   |   | 43.3   |   |   |   | 48.2   |   |   |   | 49.8   |   |   |   | 51.0   |   |   |   | 50.2   |   |   |   | 53.6   |   |   |   | 54.9   |   |   |   | 56.3   |   |   |   | 52.7   |   |   |   | 58.9   |   |   |   | 60.2   |   |
| Total Revenue                                  |   | $      | 50.6   |   |   | $      | 132.1  |   |   | $      | 135.3  |   |   | $      | 138.8  |   |   | $      | 139.9  |   |   | $      | 145.3  |   |   | $      | 148.6  |   |   | $      | 152.1  |   |   | $      | 150.6  |   |   | $      | 159.3  |   |   | $      | 163.7  |   |   | $      | 167.9  |   |   | $      | 169.6  |   |   | $      | 176.7  |   |   | $      | 181.3  |   |   | $      | 186.1  |   |   | $      | 184.2  |   |   | $      | 194.9  |   |   | $      | 199.5  |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Delivered Fuel Expense                         |   | $      | (16.5  | )      |   | $      | (41.2  | )      |   | $      | (42.0  | )      |   | $      | (42.8  | )      |   | $      | (41.9  | )      |   | $      | (44.4  | )      |   | $      | (45.2  | )      |   | $      | (46.1  | )      |   | $      | (43.0  | )      |   | $      | (47.9  | )      |   | $      | (49.4  | )      |   | $      | (50.6  | )      |   | $      | (49.8  | )      |   | $      | (53.2  | )      |   | $      | (54.5  | )      |   | $      | (55.9  | )      |   | $      | (52.3  | )      |   | $      | (58.4  | )      |   | $      | (59.7  | )      |
| Non-fuel Variable O&M (includes emissions) |   |   | (3.4   | )      |   |   | (8.6   | )      |   |   | (8.9   | )      |   |   | (9.3   | )      |   |   | (9.2   | )      |   |   | (10.0  | )      |   |   | (10.4  | )      |   |   | (10.8  | )      |   |   | (10.2  | )      |   |   | (11.7  | )      |   |   | (12.2  | )      |   |   | (12.8  | )      |   |   | (12.8  | )      |   |   | (14.0  | )      |   |   | (14.7  | )      |   |   | (15.4  | )      |   |   | (14.3  | )      |   |   | (16.1  | )      |   |   | (16.4  | )      |
| Total Variable Expenses                        |   |   | (19.9  | )      |   |   | (49.8  | )      |   |   | (50.9  | )      |   |   | (52.0  | )      |   |   | (51.1  | )      |   |   | (54.4  | )      |   |   | (55.6  | )      |   |   | (56.9  | )      |   |   | (53.2  | )      |   |   | (59.6  | )      |   |   | (61.6  | )      |   |   | (63.4  | )      |   |   | (62.6  | )      |   |   | (67.2  | )      |   |   | (69.2  | )      |   |   | (71.3  | )      |   |   | (66.6  | )      |   |   | (74.5  | )      |   |   | (76.2  | )      |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Site Labor, inc benefits                       |   |   | (1.9   | )      |   |   | (5.2   | )      |   |   | (5.3   | )      |   |   | (5.4   | )      |   |   | (5.6   | )      |   |   | (5.7   | )      |   |   | (5.8   | )      |   |   | (6.0   | )      |   |   | (6.1   | )      |   |   | (6.2   | )      |   |   | (6.4   | )      |   |   | (6.5   | )      |   |   | (6.7   | )      |   |   | (6.8   | )      |   |   | (7.0   | )      |   |   | (7.1   | )      |   |   | (7.3   | )      |   |   | (7.4   | )      |   |   | (7.6   | )      |
| O&M Contractor Fee                         |   |   | (0.2   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.7   | )      |
| Subcontractors / Professional Services         |   |   | (0.1   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |
| General & Administrative                   |   |   | (0.1   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |
| Property Taxes                                 |   |   | 0.0    |   |   |   | 0.0    |   |   |   | (0.2   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |
| Permit Fees                                    |   |   | (0.1   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |   |   | (0.3   | )      |
| Insurance                                      |   |   | (0.9   | )      |   |   | (2.5   | )      |   |   | (2.5   | )      |   |   | (2.6   | )      |   |   | (2.7   | )      |   |   | (2.7   | )      |   |   | (2.8   | )      |   |   | (2.8   | )      |   |   | (2.9   | )      |   |   | (3.0   | )      |   |   | (3.0   | )      |   |   | (3.1   | )      |   |   | (3.2   | )      |   |   | (3.3   | )      |   |   | (3.3   | )      |   |   | (3.4   | )      |   |   | (3.5   | )      |   |   | (3.6   | )      |   |   | (3.6   | )      |
| Maintenance Parts & Services               |   |   | (0.8   | )      |   |   | (2.0   | )      |   |   | (2.1   | )      |   |   | (2.1   | )      |   |   | (2.2   | )      |   |   | (2.2   | )      |   |   | (2.3   | )      |   |   | (2.3   | )      |   |   | (2.4   | )      |   |   | (2.4   | )      |   |   | (2.5   | )      |   |   | (2.5   | )      |   |   | (2.6   | )      |   |   | (2.6   | )      |   |   | (2.7   | )      |   |   | (2.8   | )      |   |   | (2.8   | )      |   |   | (2.9   | )      |   |   | (2.9   | )      |
| Firm Electrical Transmission                   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Backfeed Energy                                |   |   | (0.2   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.8   | )      |
| Monoline Insurance                             |   |   | (1.2   | )      |   |   | (3.3   | )      |   |   | (3.3   | )      |   |   | (3.3   | )      |   |   | (3.2   | )      |   |   | (3.2   | )      |   |   | (3.2   | )      |   |   | (3.2   | )      |   |   | (3.1   | )      |   |   | (3.1   | )      |   |   | (3.0   | )      |   |   | (3.0   | )      |   |   | (2.9   | )      |   |   | (2.8   | )      |   |   | (2.8   | )      |   |   | (2.7   | )      |   |   | (2.6   | )      |   |   | (2.4   | )      |   |   | (2.3   | )      |
| Operations Management                          |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Major Maintenance                              |   |   | (0.4   | )      |   |   | (1.1   | )      |   |   | (1.1   | )      |   |   | (1.1   | )      |   |   | (1.2   | )      |   |   | (1.2   | )      |   |   | (1.2   | )      |   |   | (1.2   | )      |   |   | (1.3   | )      |   |   | (1.3   | )      |   |   | (1.3   | )      |   |   | (1.3   | )      |   |   | (1.4   | )      |   |   | (1.4   | )      |   |   | (1.4   | )      |   |   | (1.5   | )      |   |   | (1.5   | )      |   |   | (1.5   | )      |   |   | (1.6   | )      |
| Project Administration                         |   |   | (0.2   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |
| Third Party Fees and Expenses                  |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |
| Total Fixed Expenses                           |   |   | (6.3   | )      |   |   | (16.7  | )      |   |   | (17.2  | )      |   |   | (17.9  | )      |   |   | (18.2  | )      |   |   | (18.6  | )      |   |   | (18.9  | )      |   |   | (19.2  | )      |   |   | (19.5  | )      |   |   | (19.8  | )      |   |   | (20.1  | )      |   |   | (20.4  | )      |   |   | (20.7  | )      |   |   | (21.0  | )      |   |   | (21.3  | )      |   |   | (21.6  | )      |   |   | (21.9  | )      |   |   | (22.2  | )      |   |   | (22.5  | )      |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                       |   | $      | (26.2  | )      |   | $      | (66.6  | )      |   | $      | (68.1  | )      |   | $      | (70.0  | )      |   | $      | (69.3  | )      |   | $      | (73.0  | )      |   | $      | (74.5  | )      |   | $      | (76.1  | )      |   | $      | (72.7  | )      |   | $      | (79.4  | )      |   | $      | (81.7  | )      |   | $      | (83.8  | )      |   | $      | (83.3  | )      |   | $      | (88.2  | )      |   | $      | (90.5  | )      |   | $      | (92.9  | )      |   | $      | (88.6  | )      |   | $      | (96.7  | )      |   | $      | (98.7  | )      |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Solid Waste Facility Trust Fund                |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                         |   | $      | 24.2   |   |   | $      | 65.4   |   |   | $      | 67.2   |   |   | $      | 68.9   |   |   | $      | 70.6   |   |   | $      | 72.3   |   |   | $      | 74.2   |   |   | $      | 76.0   |   |   | $      | 78.0   |   |   | $      | 80.0   |   |   | $      | 82.0   |   |   | $      | 84.1   |   |   | $      | 86.3   |   |   | $      | 88.6   |   |   | $      | 90.9   |   |   | $      | 93.2   |   |   | $      | 95.6   |   |   | $      | 98.2   |   |   | $      | 100.8  |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CADS                                           |   | $      | 24.2   |   |   | $      | 65.4   |   |   | $      | 67.2   |   |   | $      | 68.9   |   |   | $      | 70.6   |   |   | $      | 72.3   |   |   | $      | 74.2   |   |   | $      | 76.0   |   |   | $      | 78.0   |   |   | $      | 80.0   |   |   | $      | 82.0   |   |   | $      | 84.1   |   |   | $      | 86.3   |   |   | $      | 88.6   |   |   | $      | 90.9   |   |   | $      | 93.2   |   |   | $      | 95.6   |   |   | $      | 98.2   |   |   | $      | 100.8  |   |

----

|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Partial Year of Operations                     |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00 |   |   |   | 1.00 |   |   |   | 0.62 |   |
| Contract Year                                  |   |   | 20     |   |   |   | 21     |   |   |   | 22     |   |   |   | 23     |   |   |   | 24     |   |   |   | 25     |   |   |   | 26     |   |   |   | 27     |   |   |   | 28     |   |   |   | 29 |   |   |   | 30 |   |   |   | 31 |   |
| Year                                           |   |   | 2029   |   |   |   | 2030   |   |   |   | 2031   |   |   |   | 2032   |   |   |   | 2033   |   |   |   | 2034   |   |   |   | 2035   |   |   |   | 2036   |   |   |   | 2037   |   |   |   | 2038 |   |   |   | 2039 |   |   |   | 2040 |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contracted Capacity Payments                   |   | $      | 104.2  |   |   | $      | 103.7  |   |   | $      | 101.0  |   |   | $      | 102.7  |   |   | $      | 104.5  |   |   | $      | 106.4  |   |   | $      | 108.3  |   |   | $      | 110.3  |   |   | $      | 112.3  |   |   | $ | 114.4 |   |   | $ | 116.6 |   |   | $ | 73.0 |   |
| Contracted VOM Reimbursement                   |   |   | 16.8   |   |   |   | 16.5   |   |   |   | 17.6   |   |   |   | 18.0   |   |   |   | 18.4   |   |   |   | 17.1   |   |   |   | 19.2   |   |   |   | 19.6   |   |   |   | 20.1   |   |   |   | 19.7 |   |   |   | 21.0 |   |   |   | 13.1 |   |
| Contracted FOM Payment                         |   |   | 21.6   |   |   |   | 22.0   |   |   |   | 22.5   |   |   |   | 23.0   |   |   |   | 23.5   |   |   |   | 24.0   |   |   |   | 24.6   |   |   |   | 25.1   |   |   |   | 25.6   |   |   |   | 26.2 |   |   |   | 26.8 |   |   |   | 16.7 |   |
| Contracted Fuel Payment                        |   |   | 61.5   |   |   |   | 60.5   |   |   |   | 64.4   |   |   |   | 65.8   |   |   |   | 67.3   |   |   |   | 63.0   |   |   |   | 70.3   |   |   |   | 71.9   |   |   |   | 73.6   |   |   |   | 72.2 |   |   |   | 76.9 |   |   |   | 48.7 |   |
| Total Revenue                                  |   | $      | 204.2  |   |   | $      | 202.7  |   |   | $      | 205.4  |   |   | $      | 209.5  |   |   | $      | 213.7  |   |   | $      | 210.5  |   |   | $      | 222.4  |   |   | $      | 227.0  |   |   | $      | 231.6  |   |   | $ | 232.5 |   |   | $ | 241.3 |   |   | $ | 151.6 |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Delivered Fuel Expense                         |   | $      | (61.1  | )      |   | $      | (60.0  | )      |   | $      | (63.8  | )      |   | $      | (65.3  | )      |   | $      | (66.7  | )      |   | $      | (62.5  | )      |   | $      | (69.8  | )      |   | $      | (71.4  | )      |   | $      | (73.0  | )      |   | $ | (71.7 | ) |   | $ | (76.3 | ) |   | $ | (48.3 | ) |
| Non-fuel Variable O&M (includes emissions) |   |   | (16.8  | )      |   |   | (16.5  | )      |   |   | (17.6  | )      |   |   | (18.0  | )      |   |   | (18.4  | )      |   |   | (17.1  | )      |   |   | (19.2  | )      |   |   | (19.6  | )      |   |   | (20.1  | )      |   |   | (19.7 | ) |   |   | (21.0 | ) |   |   | (13.3 | ) |
| Total Variable Expenses                        |   |   | (77.9  | )      |   |   | (76.5  | )      |   |   | (81.4  | )      |   |   | (83.3  | )      |   |   | (85.1  | )      |   |   | (79.6  | )      |   |   | (89.0  | )      |   |   | (91.0  | )      |   |   | (93.1  | )      |   |   | (91.4 | ) |   |   | (97.3 | ) |   |   | (61.6 | ) |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Site Labor, inc benefits                       |   |   | (7.8   | )      |   |   | (7.9   | )      |   |   | (8.1   | )      |   |   | (8.3   | )      |   |   | (8.5   | )      |   |   | (8.7   | )      |   |   | (8.9   | )      |   |   | (9.1   | )      |   |   | (9.3   | )      |   |   | (9.5 | ) |   |   | (9.7 | ) |   |   | (3.7 | ) |
| O&M Contractor Fee                         |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8 | ) |   |   | (0.8 | ) |   |   | (0.3 | ) |
| Subcontractors / Professional Services         |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7 | ) |   |   | (0.7 | ) |   |   | (0.3 | ) |
| General & Administrative                   |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.5   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6 | ) |   |   | (0.6 | ) |   |   | (0.2 | ) |
| Property Taxes                                 |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.6 | ) |   |   | (0.6 | ) |   |   | (0.2 | ) |
| Permit Fees                                    |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4   | )      |   |   | (0.4 | ) |   |   | (0.4 | ) |   |   | (0.2 | ) |
| Insurance                                      |   |   | (3.7   | )      |   |   | (3.8   | )      |   |   | (3.9   | )      |   |   | (4.0   | )      |   |   | (4.1   | )      |   |   | (4.2   | )      |   |   | (4.2   | )      |   |   | (4.3   | )      |   |   | (4.4   | )      |   |   | (4.5 | ) |   |   | (4.6 | ) |   |   | (1.8 | ) |
| Maintenance Parts & Services               |   |   | (3.0   | )      |   |   | (3.1   | )      |   |   | (3.1   | )      |   |   | (3.2   | )      |   |   | (3.3   | )      |   |   | (3.4   | )      |   |   | (3.4   | )      |   |   | (3.5   | )      |   |   | (3.6   | )      |   |   | (3.7 | ) |   |   | (3.8 | ) |   |   | (1.4 | ) |
| Firm Electrical Transmission                   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Backfeed Energy                                |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9 | ) |   |   | (1.0 | ) |   |   | (0.4 | ) |
| Monoline Insurance                             |   |   | (2.2   | )      |   |   | (2.0   | )      |   |   | (1.9   | )      |   |   | (1.7   | )      |   |   | (1.5   | )      |   |   | (1.4   | )      |   |   | (1.2   | )      |   |   | (0.9   | )      |   |   | (0.7   | )      |   |   | (0.5 | ) |   |   | (0.3 | ) |   |   | (0.1 | ) |
| Operations Management                          |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Major Maintenance                              |   |   | (1.6   | )      |   |   | (1.6   | )      |   |   | (1.7   | )      |   |   | (1.7   | )      |   |   | (1.8   | )      |   |   | (1.8   | )      |   |   | (1.8   | )      |   |   | (1.9   | )      |   |   | (1.9   | )      |   |   | (2.0 | ) |   |   | (2.0 | ) |   |   | (1.3 | ) |
| Project Administration                         |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.1   | )      |   |   | (1.1 | ) |   |   | (1.1 | ) |   |   | (0.7 | ) |
| Third Party Fees and Expenses                  |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2   | )      |   |   | (0.2 | ) |   |   | (0.2 | ) |   |   | (0.1 | ) |
| Total Fixed Expenses                           |   |   | (22.8  | )      |   |   | (23.2  | )      |   |   | (23.5  | )      |   |   | (23.8  | )      |   |   | (24.1  | )      |   |   | (24.4  | )      |   |   | (24.7  | )      |   |   | (25.0  | )      |   |   | (25.3  | )      |   |   | (25.6 | ) |   |   | (25.9 | ) |   |   | (10.8 | ) |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                       |   | $      | (100.7 | )      |   | $      | (99.6  | )      |   | $      | (104.9 | )      |   | $      | (107.0 | )      |   | $      | (109.2 | )      |   | $      | (104.0 | )      |   | $      | (113.7 | )      |   | $      | (116.0 | )      |   | $      | (118.4 | )      |   | $ | (116.9 | ) |   | $ | (123.2 | ) |   | $ | (72.4 | ) |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Solid Waste Facility Trust Fund                |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                         |   | $      | 103.5  |   |   | $      | 103.1  |   |   | $      | 100.6  |   |   | $      | 102.5  |   |   | $      | 104.5  |   |   | $      | 106.6  |   |   | $      | 108.8  |   |   | $      | 111.0  |   |   | $      | 113.3  |   |   | $ | 115.6 |   |   | $ | 118.1 |   |   | $ | 79.2 |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CADS                                           |   | $      | 103.5  |   |   | $      | 103.1  |   |   | $      | 100.6  |   |   | $      | 102.5  |   |   | $      | 104.5  |   |   | $      | 106.6  |   |   | $      | 108.8  |   |   | $      | 111.0  |   |   | $      | 113.3  |   |   | $ | 115.6 |   |   | $ | 118.1 |   |   | $ | 79.2 |   |

----

|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|-------------------------------------------|--------|--------|--------|---------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Partial Year of Operations                |   |   |   |                      | 0.38   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |
| Contract Year                             |   |   |   |                      | 1      |   |   |   | 2      |   |   |   | 3      |   |   |   | 4      |   |   |   | 5      |   |   |   | 6      |   |   |   | 7      |   |   |   | 8      |   |   |   | 9      |   |   |   | 10     |   |   |   | 11     |   |   |   | 12     |   |   |   | 13     |   |   |   | 14     |   |   |   | 15     |   |   |   | 16     |   |   |   | 17     |   |   |   | 18     |   |   |   | 19     |   |
| Year                                      |   |   |   |                      | 2010   |   |   |   | 2011   |   |   |   | 2012   |   |   |   | 2013   |   |   |   | 2014   |   |   |   | 2015   |   |   |   | 2016   |   |   |   | 2017   |   |   |   | 2018   |   |   |   | 2019   |   |   |   | 2020   |   |   |   | 2021   |   |   |   | 2022   |   |   |   | 2023   |   |   |   | 2024   |   |   |   | 2025   |   |   |   | 2026   |   |   |   | 2027   |   |   |   | 2028   |   |
|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Waterfall                            |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CAFDS                                     |   |   |   | $                         | 24.2   |   |   | $      | 65.4   |   |   | $      | 67.2   |   |   | $      | 68.9   |   |   | $      | 70.6   |   |   | $      | 72.3   |   |   | $      | 74.2   |   |   | $      | 76.0   |   |   | $      | 78.0   |   |   | $      | 80.0   |   |   | $      | 82.0   |   |   | $      | 84.1   |   |   | $      | 86.3   |   |   | $      | 88.6   |   |   | $      | 90.9   |   |   | $      | 93.2   |   |   | $      | 95.6   |   |   | $      | 98.2   |   |   | $      | 100.8  |   |
| less: Working Capital                     |   |   |   |                      | (0.3   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.1   | )      |   |   | (1.1   | )      |
| less: Interest Expense                    |   |   |   |                      | (16.5  | )      |   |   | (43.4  | )      |   |   | (43.3  | )      |   |   | (43.2  | )      |   |   | (43.0  | )      |   |   | (42.7  | )      |   |   | (42.4  | )      |   |   | (42.0  | )      |   |   | (41.5  | )      |   |   | (40.9  | )      |   |   | (40.2  | )      |   |   | (39.4  | )      |   |   | (38.5  | )      |   |   | (37.4  | )      |   |   | (36.3  | )      |   |   | (35.0  | )      |   |   | (33.5  | )      |   |   | (31.9  | )      |   |   | (30.1  | )      |
| less: Mandatory Amortization              |   |   |   |                      | 0.0    |   |   |   | (0.4   | )      |   |   | (3.0   | )      |   |   | (4.4   | )      |   |   | (4.1   | )      |   |   | (5.5   | )      |   |   | (7.1   | )      |   |   | (8.9   | )      |   |   | (10.8  | )      |   |   | (11.6  | )      |   |   | (13.2  | )      |   |   | (15.5  | )      |   |   | (17.6  | )      |   |   | (19.7  | )      |   |   | (21.8  | )      |   |   | (24.6  | )      |   |   | (27.4  | )      |   |   | (30.4  | )      |   |   | (33.3  | )      |
| Cash Available for DSR                    |   |   |   |                      | 7.5    |   |   |   | 20.8   |   |   |   | 20.0   |   |   |   | 20.4   |   |   |   | 22.7   |   |   |   | 23.3   |   |   |   | 23.8   |   |   |   | 24.3   |   |   |   | 24.8   |   |   |   | 26.6   |   |   |   | 27.7   |   |   |   | 28.3   |   |   |   | 29.3   |   |   |   | 30.5   |   |   |   | 31.8   |   |   |   | 32.7   |   |   |   | 33.8   |   |   |   | 34.9   |   |   |   | 36.3   |   |
| DSR Draw / (Funding)                      |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Cash Available for Working Capital        |   |   |   |                      | 7.5    |   |   |   | 20.8   |   |   |   | 20.0   |   |   |   | 20.4   |   |   |   | 22.7   |   |   |   | 23.3   |   |   |   | 23.8   |   |   |   | 24.3   |   |   |   | 24.8   |   |   |   | 26.6   |   |   |   | 27.7   |   |   |   | 28.3   |   |   |   | 29.3   |   |   |   | 30.5   |   |   |   | 31.8   |   |   |   | 32.7   |   |   |   | 33.8   |   |   |   | 34.9   |   |   |   | 36.3   |   |
| Working Capital Draw / (Funding)          |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Cash Available for Excess Cash Flow Sweep |   |   |   |                      | 7.5    |   |   |   | 20.8   |   |   |   | 20.0   |   |   |   | 20.4   |   |   |   | 22.7   |   |   |   | 23.3   |   |   |   | 23.8   |   |   |   | 24.3   |   |   |   | 24.8   |   |   |   | 26.6   |   |   |   | 27.7   |   |   |   | 28.3   |   |   |   | 29.3   |   |   |   | 30.5   |   |   |   | 31.8   |   |   |   | 32.7   |   |   |   | 33.8   |   |   |   | 34.9   |   |   |   | 36.3   |   |
| less: Backstop LC Sweep                   |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Plus: Management Fee                      |   |   |   |                      | 0.2    |   |   |   | 1.3    |   |   |   | 1.3    |   |   |   | 1.4    |   |   |   | 1.4    |   |   |   | 1.4    |   |   |   | 1.5    |   |   |   | 1.5    |   |   |   | 1.5    |   |   |   | 1.6    |   |   |   | 1.6    |   |   |   | 1.6    |   |   |   | 1.7    |   |   |   | 1.7    |   |   |   | 1.8    |   |   |   | 1.8    |   |   |   | 1.8    |   |   |   | 1.9    |   |   |   | 1.9    |   |
| Cash Available for Distribution           |   |   |   | $                         | 7.6    |   |   | $      | 22.1   |   |   | $      | 21.3   |   |   | $      | 21.8   |   |   | $      | 24.1   |   |   | $      | 24.7   |   |   | $      | 25.2   |   |   | $      | 25.8   |   |   | $      | 26.4   |   |   | $      | 28.1   |   |   | $      | 29.3   |   |   | $      | 29.9   |   |   | $      | 30.9   |   |   | $      | 32.2   |   |   | $      | 33.6   |   |   | $      | 34.4   |   |   | $      | 35.6   |   |   | $      | 36.8   |   |   | $      | 38.2   |   |
|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Credit Facilities                         |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning Balance                         |   |   |   | $                         | 700.0  |   |   |   | 700.0  |   |   |   | 699.6  |   |   |   | 696.6  |   |   |   | 692.1  |   |   |   | 688.0  |   |   |   | 682.5  |   |   |   | 675.4  |   |   |   | 666.6  |   |   |   | 655.8  |   |   |   | 644.2  |   |   |   | 630.9  |   |   |   | 615.5  |   |   |   | 597.9  |   |   |   | 578.2  |   |   |   | 556.4  |   |   |   | 531.9  |   |   |   | 504.5  |   |   |   | 474.1  |   |
| Unhedged LIBOR Rate                       |   |   |   |                      | 5.065  | %      |   |   | 5.145  | %      |   |   | 5.195  | %      |   |   | 5.249  | %      |   |   | 5.304  | %      |   |   | 5.357  | %      |   |   | 5.407  | %      |   |   | 5.453  | %      |   |   | 5.489  | %      |   |   | 5.514  | %      |   |   | 5.528  | %      |   |   | 5.531  | %      |   |   | 5.525  | %      |   |   | 5.514  | %      |   |   | 5.501  | %      |   |   | 5.484  | %      |   |   | 5.464  | %      |   |   | 5.441  | %      |   |   | 5.419  | %      |
| Interest Rate                             |   |   |   |                      | 5.54   | %      |   |   | 5.54   | %      |   |   | 5.55   | %      |   |   | 5.55   | %      |   |   | 5.56   | %      |   |   | 5.57   | %      |   |   | 5.57   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.58   | %      |   |   | 5.57   | %      |   |   | 5.57   | %      |
| Interest Expense                          |   |   |   |                      | (14.8  | )      |   |   | (38.8  | )      |   |   | (38.7  | )      |   |   | (38.6  | )      |   |   | (38.4  | )      |   |   | (38.1  | )      |   |   | (37.8  | )      |   |   | (37.4  | )      |   |   | (36.9  | )      |   |   | (36.3  | )      |   |   | (35.6  | )      |   |   | (34.8  | )      |   |   | (33.9  | )      |   |   | (32.8  | )      |   |   | (31.7  | )      |   |   | (30.4  | )      |   |   | (28.9  | )      |   |   | (27.3  | )      |   |   | (25.5  | )      |
| Amortization Schedule                     |   |   |   |                      | 0.00   | %      |   |   | 0.06   | %      |   |   | 0.43   | %      |   |   | 0.63   | %      |   |   | 0.59   | %      |   |   | 0.78   | %      |   |   | 1.01   | %      |   |   | 1.27   | %      |   |   | 1.54   | %      |   |   | 1.66   | %      |   |   | 1.89   | %      |   |   | 2.21   | %      |   |   | 2.51   | %      |   |   | 2.81   | %      |   |   | 3.11   | %      |   |   | 3.51   | %      |   |   | 3.91   | %      |   |   | 4.34   | %      |   |   | 4.76   | %      |
| Amortization                              |   |   |   |                      | 0.0    |   |   |   | (0.4   | )      |   |   | (3.0   | )      |   |   | (4.4   | )      |   |   | (4.1   | )      |   |   | (5.5   | )      |   |   | (7.1   | )      |   |   | (8.9   | )      |   |   | (10.8  | )      |   |   | (11.6  | )      |   |   | (13.2  | )      |   |   | (15.5  | )      |   |   | (17.6  | )      |   |   | (19.7  | )      |   |   | (21.8  | )      |   |   | (24.6  | )      |   |   | (27.4  | )      |   |   | (30.4  | )      |   |   | (33.3  | )      |
| Ending Balance                            |   |   |   |                      | 700.0  |   |   |   | 699.6  |   |   |   | 696.6  |   |   |   | 692.1  |   |   |   | 688.0  |   |   |   | 682.5  |   |   |   | 675.4  |   |   |   | 666.6  |   |   |   | 655.8  |   |   |   | 644.2  |   |   |   | 630.9  |   |   |   | 615.5  |   |   |   | 597.9  |   |   |   | 578.2  |   |   |   | 556.4  |   |   |   | 531.9  |   |   |   | 504.5  |   |   |   | 474.1  |   |   |   | 440.8  |   |
| Closing Balance                           |   |   |   |                      | 700.0  |   |   |   | 699.6  |   |   |   | 696.6  |   |   |   | 692.1  |   |   |   | 688.0  |   |   |   | 682.5  |   |   |   | 675.4  |   |   |   | 666.6  |   |   |   | 655.8  |   |   |   | 644.2  |   |   |   | 630.9  |   |   |   | 615.5  |   |   |   | 597.9  |   |   |   | 578.2  |   |   |   | 556.4  |   |   |   | 531.9  |   |   |   | 504.5  |   |   |   | 474.1  |   |   |   | 440.8  |   |
|                                      |   |   |   | 21.0yr Avg Life 31Yr Term |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax-Exempt Notes                          |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning Balance                         |   |   |   | $                         | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |
| Total Interest Rate                       |   |   |   |                      | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |
| Interest Expense                          |   |   |   |                      | (1.8   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |
| Scheduled Amortization Pct                |   |   |   |                      | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |
| Scheduled Amortization                    |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Cash Sweep Amortization                   |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Ending Balance                            |   |   |   |                      | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |
|                                      |   |   |   | 28.0yr Avg Life 31Yr Term |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Working Capital Facility                  |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Facility Size                             |   |   |   | $                         | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |
| Amount Drawn for Ongoing Needs            |   |   |   |                      | (7.7   | )      |   |   | (8.2   | )      |   |   | (8.4   | )      |   |   | (8.6   | )      |   |   | (8.5   | )      |   |   | (9.0   | )      |   |   | (9.2   | )      |   |   | (9.4   | )      |   |   | (9.0   | )      |   |   | (9.8   | )      |   |   | (10.1  | )      |   |   | (10.3  | )      |   |   | (10.3  | )      |   |   | (10.9  | )      |   |   | (11.2  | )      |   |   | (11.5  | )      |   |   | (10.9  | )      |   |   | (11.9  | )      |   |   | (12.2  | )      |
| Balance Available for Additional Draw     |   |   |   |                      | 9.3    |   |   |   | 8.8    |   |   |   | 8.6    |   |   |   | 8.4    |   |   |   | 8.5    |   |   |   | 8.0    |   |   |   | 7.8    |   |   |   | 7.6    |   |   |   | 8.0    |   |   |   | 7.2    |   |   |   | 6.9    |   |   |   | 6.7    |   |   |   | 6.7    |   |   |   | 6.1    |   |   |   | 5.8    |   |   |   | 5.5    |   |   |   | 6.1    |   |   |   | 5.1    |   |   |   | 4.8    |   |
| Funding / (Draw)                          |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Commitment Fee Rate                       |   |   |   |                      | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |
| Drawn Interest Rate                       |   |   |   |                      | 7.57   | %      |   |   | 7.64   | %      |   |   | 7.69   | %      |   |   | 7.75   | %      |   |   | 7.80   | %      |   |   | 7.86   | %      |   |   | 7.91   | %      |   |   | 7.95   | %      |   |   | 7.99   | %      |   |   | 8.01   | %      |   |   | 8.03   | %      |   |   | 8.03   | %      |   |   | 8.02   | %      |   |   | 8.01   | %      |   |   | 8.00   | %      |   |   | 7.98   | %      |   |   | 7.96   | %      |   |   | 7.94   | %      |   |   | 7.92   | %      |
| Commitment Fee                            |   |   |   |                      | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |
| Interest Expense on Drawn Amount          |   |   |   |                      | (0.2   | )      |   |   | (0.6   | )      |   |   | (0.6   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.7   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.8   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (0.9   | )      |   |   | (1.0   | )      |
|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DSR Facility                              |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Facility Size                             |   |   |   | $                         | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |
| Amount Drawn During Period                |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
| Balance Available for Additional Draw     |   |   |   |                      | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |
| Commitment Fee Rate                       |   |   |   |                      | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |
| Commitment Fee                            |   |   |   |                      | (0.0   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |
| Interest Expense on Drawn Amount          |   |   |   |                      | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |
|                                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Credit Metrics                            | Min    | Avg    |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mandatory DSCR                            | 1.42x  | 1.58x  |   |                      | 1.44   | x      |   |   | 1.47   | x      |   |   | 1.42   | x      |   |   | 1.42   | x      |   |   | 1.47   | x      |   |   | 1.47   | x      |   |   | 1.47   | x      |   |   | 1.47   | x      |   |   | 1.47   | x      |   |   | 1.50   | x      |   |   | 1.51   | x      |   |   | 1.51   | x      |   |   | 1.51   | x      |   |   | 1.52   | x      |   |   | 1.54   | x      |   |   | 1.54   | x      |   |   | 1.55   | x      |   |   | 1.55   | x      |   |   | 1.56   | x      |

----

|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|-------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Partial Year of Operations                |   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00   |   |   |   | 1.00 |   |   |   | 1.00 |   |   |   | 0.62 |   |
| Contract Year                             |   |   |   |   | 20     |   |   |   | 21     |   |   |   | 22     |   |   |   | 23     |   |   |   | 24     |   |   |   | 25     |   |   |   | 26     |   |   |   | 27     |   |   |   | 28     |   |   |   | 29 |   |   |   | 30 |   |   |   | 31 |   |
| Year                                      |   |   |   |   | 2029   |   |   |   | 2030   |   |   |   | 2031   |   |   |   | 2032   |   |   |   | 2033   |   |   |   | 2034   |   |   |   | 2035   |   |   |   | 2036   |   |   |   | 2037   |   |   |   | 2038 |   |   |   | 2039 |   |   |   | 2040 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Waterfall                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CAFDS                                     |   |   |   | $      | 103.5  |   |   | $      | 103.1  |   |   | $      | 100.6  |   |   | $      | 102.5  |   |   | $      | 104.5  |   |   | $      | 106.6  |   |   | $      | 108.8  |   |   | $      | 111.0  |   |   | $      | 113.3  |   |   | $ | 115.6 |   |   | $ | 118.1 |   |   | $ | 79.2 |   |
| less: Working Capital                     |   |   |   |   | (1.1   | )      |   |   | (1.1   | )      |   |   | (1.1   | )      |   |   | (1.2   | )      |   |   | (1.2   | )      |   |   | (1.1   | )      |   |   | (1.2   | )      |   |   | (1.2   | )      |   |   | (1.3   | )      |   |   | (1.2 | ) |   |   | (1.3 | ) |   |   | (0.5 | ) |
| less: Interest Expense                    |   |   |   |   | (28.1  | )      |   |   | (26.0  | )      |   |   | (23.9  | )      |   |   | (21.7  | )      |   |   | (19.3  | )      |   |   | (16.8  | )      |   |   | (14.1  | )      |   |   | (11.2  | )      |   |   | (8.2   | )      |   |   | (5.0 | ) |   |   | (2.3 | ) |   |   | (0.4 | ) |
| less: Mandatory Amortization              |   |   |   |   | (36.5  | )      |   |   | (38.2  | )      |   |   | (38.2  | )      |   |   | (41.4  | )      |   |   | (44.9  | )      |   |   | (48.2  | )      |   |   | (52.3  | )      |   |   | (56.3  | )      |   |   | (58.4  | )      |   |   | (59.8 | ) |   |   | (42.3 | ) |   |   | (24.5 | ) |
| Cash Available for DSR                    |   |   |   |   | 37.8   |   |   |   | 37.7   |   |   |   | 37.3   |   |   |   | 38.3   |   |   |   | 39.2   |   |   |   | 40.5   |   |   |   | 41.2   |   |   |   | 42.2   |   |   |   | 45.5   |   |   |   | 49.6 |   |   |   | 72.2 |   |   |   | 53.8 |   |
| DSR Draw / (Funding)                      |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Cash Available for Working Capital        |   |   |   |   | 37.8   |   |   |   | 37.7   |   |   |   | 37.3   |   |   |   | 38.3   |   |   |   | 39.2   |   |   |   | 40.5   |   |   |   | 41.2   |   |   |   | 42.2   |   |   |   | 45.5   |   |   |   | 49.6 |   |   |   | 72.2 |   |   |   | 53.8 |   |
| Working Capital Draw / (Funding)          |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Cash Available for Excess Cash Flow Sweep |   |   |   |   | 37.8   |   |   |   | 37.7   |   |   |   | 37.3   |   |   |   | 38.3   |   |   |   | 39.2   |   |   |   | 40.5   |   |   |   | 41.2   |   |   |   | 42.2   |   |   |   | 45.5   |   |   |   | 49.6 |   |   |   | 72.2 |   |   |   | 53.8 |   |
| less: Backstop LC Sweep                   |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Plus: Management Fee                      |   |   |   |   | 2.0    |   |   |   | 2.0    |   |   |   | 2.0    |   |   |   | 2.1    |   |   |   | 2.1    |   |   |   | 2.2    |   |   |   | 2.2    |   |   |   | 2.3    |   |   |   | 2.3    |   |   |   | 2.4 |   |   |   | 2.4 |   |   |   | 1.5 |   |
| Cash Available for Distribution           |   |   |   | $      | 39.7   |   |   | $      | 39.7   |   |   | $      | 39.3   |   |   | $      | 40.4   |   |   | $      | 41.3   |   |   | $      | 42.7   |   |   | $      | 43.4   |   |   | $      | 44.5   |   |   | $      | 47.8   |   |   | $ | 52.0 |   |   | $ | 74.6 |   |   | $ | 55.4 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Credit Facilities                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning Balance                         |   |   |   |   | 440.8  |   |   |   | 404.3  |   |   |   | 366.1  |   |   |   | 327.9  |   |   |   | 286.5  |   |   |   | 241.6  |   |   |   | 207.8  |   |   |   | 169.8  |   |   |   | 127.8  |   |   |   | 83.7 |   |   |   | 38.2 |   |   |   | 10.2 |   |
| Unhedged LIBOR Rate                       |   |   |   |   | 5.395  | %      |   |   | 5.372  | %      |   |   | 5.349  | %      |   |   | 5.325  | %      |   |   | 5.302  | %      |   |   | 5.302  | %      |   |   | 5.302  | %      |   |   | 5.302  | %      |   |   | 5.302  | %      |   |   | 5.302 | % |   |   | 5.302 | % |   |   | 5.302 | % |
| Interest Rate                             |   |   |   |   | 5.57   | %      |   |   | 5.57   | %      |   |   | 5.56   | %      |   |   | 5.56   | %      |   |   | 5.56   | %      |   |   | 5.56   | %      |   |   | 5.56   | %      |   |   | 5.56   | %      |   |   | 5.56   | %      |   |   | 5.56 | % |   |   | 5.56 | % |   |   | 5.56 | % |
| Interest Expense                          |   |   |   |   | (23.5  | )      |   |   | (21.4  | )      |   |   | (19.3  | )      |   |   | (17.1  | )      |   |   | (14.7  | )      |   |   | (12.5  | )      |   |   | (10.5  | )      |   |   | (8.3   | )      |   |   | (5.9   | )      |   |   | (3.4 | ) |   |   | (1.3 | ) |   |   | (0.2 | ) |
| Amortization Schedule                     |   |   |   |   | 5.21   | %      |   |   | 5.46   | %      |   |   | 5.46   | %      |   |   | 5.91   | %      |   |   | 6.41   | %      |   |   | 4.84   | %      |   |   | 5.43   | %      |   |   | 6.00   | %      |   |   | 6.30   | %      |   |   | 6.50 | % |   |   | 4.00 | % |   |   | 1.46 | % |
| Amortization                              |   |   |   |   | (36.5  | )      |   |   | (38.2  | )      |   |   | (38.2  | )      |   |   | (41.4  | )      |   |   | (44.9  | )      |   |   | (33.9  | )      |   |   | (38.0  | )      |   |   | (42.0  | )      |   |   | (44.1  | )      |   |   | (45.5 | ) |   |   | (28.0 | ) |   |   | (10.2 | ) |
| Ending Balance                            |   |   |   |   | 404.3  |   |   |   | 366.1  |   |   |   | 327.9  |   |   |   | 286.5  |   |   |   | 241.6  |   |   |   | 207.8  |   |   |   | 169.8  |   |   |   | 127.8  |   |   |   | 83.7   |   |   |   | 38.2 |   |   |   | 10.2 |   |   |   | 0.0 |   |
| Closing Balance                           |   |   |   |   | 404.3  |   |   |   | 366.1  |   |   |   | 327.9  |   |   |   | 286.5  |   |   |   | 241.6  |   |   |   | 207.8  |   |   |   | 169.8  |   |   |   | 127.8  |   |   |   | 83.7   |   |   |   | 38.2 |   |   |   | 10.2 |   |   |   | 0.0 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax-Exempt Notes                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning Balance                         |   |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 100.0  |   |   | $      | 85.7   |   |   | $      | 71.4   |   |   | $      | 57.1   |   |   | $ | 42.9 |   |   | $ | 28.6 |   |   | $ | 14.3 |   |
| Total Interest Rate                       |   |   |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60   | %      |   |   | 4.60 | % |   |   | 4.60 | % |   |   | 4.60 | % |
| Interest Expense                          |   |   |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.6   | )      |   |   | (4.3   | )      |   |   | (3.6   | )      |   |   | (3.0   | )      |   |   | (2.3   | )      |   |   | (1.6 | ) |   |   | (1.0 | ) |   |   | (0.2 | ) |
| Scheduled Amortization Pct                |   |   |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 0.00   | %      |   |   | 14.29  | %      |   |   | 14.29  | %      |   |   | 14.29  | %      |   |   | 14.29  | %      |   |   | 14.29 | % |   |   | 14.29 | % |   |   | 14.29 | % |
| Scheduled Amortization                    |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | (14.3  | )      |   |   | (14.3  | )      |   |   | (14.3  | )      |   |   | (14.3  | )      |   |   | (14.3 | ) |   |   | (14.3 | ) |   |   | (14.3 | ) |
| Cash Sweep Amortization                   |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Ending Balance                            |   |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 100.0  |   |   |   | 85.7   |   |   |   | 71.4   |   |   |   | 57.1   |   |   |   | 42.9   |   |   |   | 28.6 |   |   |   | 14.3 |   |   |   | 0.0 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Working Capital Facility                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Facility Size                             |   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $      | 17.0   |   |   | $ | 17.0 |   |   | $ | 17.0 |   |   | $ | 17.0 |   |
| Amount Drawn for Ongoing Needs            |   |   |   |   | (12.4  | )      |   |   | (12.3  | )      |   |   | (12.9  | )      |   |   | (13.2  | )      |   |   | (13.5  | )      |   |   | (12.8  | )      |   |   | (14.0  | )      |   |   | (14.3  | )      |   |   | (14.6  | )      |   |   | (14.4 | ) |   |   | (15.2 | ) |   |   | (8.9 | ) |
| Balance Available for Additional Draw     |   |   |   |   | 4.6    |   |   |   | 4.7    |   |   |   | 4.1    |   |   |   | 3.8    |   |   |   | 3.5    |   |   |   | 4.2    |   |   |   | 3.0    |   |   |   | 2.7    |   |   |   | 2.4    |   |   |   | 2.6 |   |   |   | 1.8 |   |   |   | 8.1 |   |
| Funding / (Draw)                          |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Commitment Fee Rate                       |   |   |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50   | %      |   |   | 0.50 | % |   |   | 0.50 | % |   |   | 0.50 | % |
| Drawn Interest Rate                       |   |   |   |   | 7.90   | %      |   |   | 7.87   | %      |   |   | 7.85   | %      |   |   | 7.83   | %      |   |   | 7.80   | %      |   |   | 7.80   | %      |   |   | 7.80   | %      |   |   | 7.80   | %      |   |   | 7.80   | %      |   |   | 7.80 | % |   |   | 7.80 | % |   |   | 7.80 | % |
| Commitment Fee                            |   |   |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0   | )      |   |   | (0.0 | ) |   |   | (0.0 | ) |   |   | (0.0 | ) |
| Interest Expense on Drawn Amount          |   |   |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.0   | )      |   |   | (1.1   | )      |   |   | (1.0   | )      |   |   | (1.1   | )      |   |   | (1.1   | )      |   |   | (1.1   | )      |   |   | (1.1 | ) |   |   | (1.2 | ) |   |   | (0.4 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DSR Facility                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Facility Size                             |   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $      | 34.0   |   |   | $ | 34.0 |   |   | $ | 34.0 |   |   | $ | 34.0 |   |
| Amount Drawn During Period                |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
| Balance Available for Additional Draw     |   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0   |   |   |   | 34.0 |   |   |   | 34.0 |   |   |   | 34.0 |   |
| Commitment Fee Rate                       |   |   |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30   | %      |   |   | 0.30 | % |   |   | 0.30 | % |   |   | 0.30 | % |
| Commitment Fee                            |   |   |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1   | )      |   |   | (0.1 | ) |   |   | (0.1 | ) |   |   | (0.1 | ) |
| Interest Expense on Drawn Amount          |   |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0    |   |   |   | 0.0 |   |   |   | 0.0 |   |   |   | 0.0 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Credit Metrics                            | Min    | Avg    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mandatory DSCR                            | 1.42x  | 1.58x  |   |   | 1.57   | x      |   |   | 1.58   | x      |   |   | 1.59   | x      |   |   | 1.60   | x      |   |   | 1.60   | x      |   |   | 1.61   | x      |   |   | 1.61   | x      |   |   | 1.61   | x      |   |   | 1.67   | x      |   |   | 1.75 | x |   |   | 2.57 | x |   |   | 3.12 | x |

----

| $[_________] | New York, New York |
|--------------|--------------------|
|         | [●], 2007    |

----

|   | PLUM POINT ENERGY ASSOCIATES, LLC    |
|--------|--------------------------------------|
|   |                                 |
|   | By:_________________________________ |
|   | Name:                                |
|   | Title:                               |

----

| Date   | Amount of ABR Loans | Amount Converted to ABR Loans | Amount of Principal of ABR Loans Repaid | Amount of ABR Loans Converted to Eurodollar Loans | Unpaid Principal Balance of ABR Loans | Notation Made By |
|--------|---------------------|-------------------------------|-----------------------------------------|---------------------------------------------------|---------------------------------------|------------------|
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |

----

| Date   | Amount of Eurodollar Loans | Amount Converted to Eurodollar Loans | Interest Period and Eurodollar Rate with Respect Thereto | Amount of Principal of Eurodollar Loans Repaid | Amount of Eurodollar Loans Converted to ABR Loans | Unpaid Principal Balance of Eurodollar Loans | Notation Made By |
|--------|----------------------------|--------------------------------------|----------------------------------------------------------|------------------------------------------------|---------------------------------------------------|----------------------------------------------|------------------|
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |

----

| $[_________] | New York, New York[●], 2007 |
|--------------|-----------------------------------|

----

|   | PLUM POINT ENERGY ASSOCIATES, LLC    |
|--------|--------------------------------------|
|   |                                 |
|   | By:_________________________________ |
|   | Name:                                |
|   | Title:                               |

----

| Date   | Amount of ABR Loans | Amount Converted to ABR Loans | Amount of Principal of ABR Loans Repaid | Amount of ABR Loans Converted to Eurodollar Loans | Unpaid Principal Balance of ABR Loans | Notation Made By |
|--------|---------------------|-------------------------------|-----------------------------------------|---------------------------------------------------|---------------------------------------|------------------|
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |

----

| Date   | Amount of Eurodollar Loans | Amount Converted to Eurodollar Loans | Interest Period and Eurodollar Rate with Respect Thereto | Amount of Principal of Eurodollar Loans Repaid | Amount of Eurodollar Loans Converted to ABR Loans | Unpaid Principal Balance of Eurodollar Loans | Notation Made By |
|--------|----------------------------|--------------------------------------|----------------------------------------------------------|------------------------------------------------|---------------------------------------------------|----------------------------------------------|------------------|
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |

----

| $[_________] | New York, New York |
|--------------|--------------------|
|         | [●], 2007    |

----

|   | PLUM POINT ENERGY ASSOCIATES, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               |   |
|   |                              | Name: |
|   |                              | Title: |

----

| Date   | Amount of ABR Loans | Amount Converted to ABR Loans | Amount of Principal of ABR Loans Repaid | Amount of ABR Loans Converted to Eurodollar Loans | Unpaid Principal Balance of ABR Loans | Notation Made By |
|--------|---------------------|-------------------------------|-----------------------------------------|---------------------------------------------------|---------------------------------------|------------------|
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |

----

| Date   | Amount of Eurodollar Loans | Amount Converted to Eurodollar Loans | Interest Period and Eurodollar Rate with Respect Thereto | Amount of Principal of Eurodollar Loans Repaid | Amount of Eurodollar Loans Converted to ABR Loans | Unpaid Principal Balance of Eurodollar Loans | Notation Made By |
|--------|----------------------------|--------------------------------------|----------------------------------------------------------|------------------------------------------------|---------------------------------------------------|----------------------------------------------|------------------|
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |

----

| $[_______] | New York, New York |
|------------|--------------------|
|       | [●], 2007    |

----

|   | PLUM POINT ENERGY ASSOCIATES, LLC |
|--------|-----------------------------------|
|   |                              |
|   | By:                               |   |
|   |                              |  Name: |
|   |                              |  Title: |

----

| Date   | Amount of ABR Loans | Amount Converted to ABR Loans | Amount of Principal of ABR Loans Repaid | Amount of ABR Loans Converted to Eurodollar Loans | Unpaid Principal Balance of ABR Loans | Notation Made By |
|--------|---------------------|-------------------------------|-----------------------------------------|---------------------------------------------------|---------------------------------------|------------------|
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |
|   |                |                          |                                    |                                              |                                  |             |

----

| Date   | Amount of Eurodollar Loans | Amount Converted to Eurodollar Loans | Interest Period and Eurodollar Rate with Respect Thereto | Amount of Principal of Eurodollar Loans Repaid | Amount of Eurodollar Loans Converted to ABR Loans | Unpaid Principal Balance of Eurodollar Loans | Notation Made By |
|--------|----------------------------|--------------------------------------|----------------------------------------------------------|------------------------------------------------|---------------------------------------------------|----------------------------------------------|------------------|
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |
|   |                       |                                 |                                                     |                                           |                                              |                                         |             |

----

----

----

|   |   |   |   |   |
|--------|--------|--------|--------|--------|

----

----

|   | CREDIT SUISSE |           |
|--------|---------------|----------------|
|   |          |           |   |
|   | By:           |           | * |
|   |          | Name and Title |   |
|   |          |           |   |
|   |          |           |   |
|   | By:           |           | * |
|   |          | Name and Title |   |

----

| 1 | Final expiration date should be five (5) days prior to the fifth (5th) anniversary of the Closing Date. |
|---|---------------------------------------------------------------------------------------------------------|

----

----

|   | 4. | Automatic Reinstatement. |
|--------|----|--------------------------|

|   | 5. | Method and Notice of Presentment. |
|--------|----|-----------------------------------|

----

----

----

|   | Very truly yours,              |
|--------|--------------------------------|
|   |                           |   |
|   | THE ROYAL BANK OF SCOTLAND plc |
|   |                           |   |
|   | By:                            |   |
|   | Name:                |   |
|   | Title:                         |   |
|   |                           |   |
|   | By:                            |   |
|   | Name:                          |   |
|   | Title:                         |   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

|   | REGIONS BANK, as Trustee |
|--------|--------------------------|
|   |                     |
|   | By:                      |   |
|   | Name:                    |
|   | Title:                   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

----

|   | REGIONS BANK, as Trustee |
|--------|--------------------------|
|   |                     |
|   | By:                      |   |
|   | Name:                    |
|   | Title:                   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

----

----

|   | REGIONS BANK, as Trustee |
|--------|--------------------------|
|   |                     |
|   | By:                      |   |
|   | Name:                    |
|   | Title:                   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

----

|   | REGIONS BANK, as Trustee |
|--------|--------------------------|
|   |                     |
|   | By:                      |   |
|   | Name:                    |
|   | Title:                   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

----

|   | REGIONS BANK, as Trustee |
|--------|--------------------------|
|   |                     |
|   | By:                      |   |
|   | Name:                    |
|   | Title:                   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

----

----

|   | REGIONS BANK, as Trustee                 |
|--------|------------------------------------------|
|   |                                     |
|   | By: ____________________________________ |
|   | Name:                                    |
|   | Title:                                   |

----

| To: | The Royal Bank of Scotland plc |
|-----|--------------------------------|

|   | Re:    | The Royal Bank of Scotland plc |   |
|--------|--------|--------------------------------|--------|
|   |   | Irrevocable Letter of Credit   |   |
|   |   | No. LCA[ ]NY                   |   |

| SIGNATURE AUTHENTICATED      | REGIONS BANK, as Trustee             |
|------------------------------|--------------------------------------|
|                         |                                 |
| ____________________________ | By: ________________________________ |
| (Authorized Signature)       | Name:                                |
|                         | Title:                               |

----

| [Beneficiary Name | Effective Date: [_____]          |
|-------------------|----------------------------------|
| & Address]    | Letter of Credit No.: __________ |

| 1. | At the request of Plum Point Energy Associates, LLC (the “Applicant”), we, The Royal Bank of Scotland plc (the “Bank”) hereby issue this irrevocable Letter of Credit No. ________ in your favour as beneficiary available for an aggregate amount up to the maximum amountof US$[_______________] Dollars)1 (the “Available Amount”) , effective as of the date first set forth above and expiring at our office located at 101 Park Avenue, 6th Floor, New York, New York 10178 on the earliest to occur of (i) [Insertdate that is exactly one year from the Effective Date] (the “Stated Expiration Date”), (ii) payment by the Bank hereunder of the maximum amount written above, or (iii) surrender of this original Letter of Credit to us for cancellation (such earlier date being herein referred to as the “Cancellation Date”). |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The Bank has been requested to issue this Letter of Credit in connection with the Credit Agreement, dated as of March 29, 2007 (the “Credit Agreement”), Plum Point Energy Associates, LLC, as Borrower, the Lenders from time to time party thereto, Ambac Assurance Corporation, as Loan Insurer, The Royal Bank of Scotland plc, as AdministrativeAgent and Issuing Bank, The Bank of New York, as Collateral Agent, RBS Securities Corporation, as Sole Lead Bookrunner and Sole Lead Arranger. However, the Bank assumes no obligations thereunder or responsibility therefor. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | It is a condition of this Letter of Credit that the Stated Expiration Date shall be automatically extended without amendment, for successive periods of one year each from the Stated Expiration Date hereof or any such automatically extended Stated Expiration Date, but in no event beyond March 29, 2014 unless, no less than thirty (30) days before any such Stated Expiration Date, the Bank sends you notice stating thatthis Letter of Credit will not be extended beyond the then current Stated Expiration Date. Any such notice of non-extension shall be in writing, shall be sent by hand, by certified mail (return receipt requested), or by Federal Express or other overnight delivery service, and shall be addressed to Beneficiary at the address set forth above. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | This Letter of Credit sets forth in full the terms of our undertaking to you (but not any of your duties or responsibilities to the Bank hereunder or otherwise). Such undertaking to you shall not in any way be modified, amended or amplified by reference to any document or instrument referred to herein or in which this Letter of Credit is referred to or to which this Letter of Credit relates and any such referenceshall not be deemed to incorporate herein by reference any document or instrument. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1 | After giving effect to amount specified, the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment. |
|---|------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5. | Funds under this Letter of Credit are available to you against your sight draft(s) in the form of Exhibit A attached hereto (the “Drawing Certificate”), drawn on The Royal Bank of Scotland plc, signed by one purporting to be your duly authorized representative, bearing the clause “Drawing under the Letter of Credit No. _________.” Partial and multiple drawings are permitted. Eachsuch Drawing Certificate shall be presented at our office at 101 Park Avenue, 6th Floor, New York, New York 10178, Attention: Letter of Credit Department, or to any other office which may be designated by us on at least five (5) Business Days’ prior written notice to you, and shall be made either (i) in the form of the Drawing Certificate manually signed by one of your authorized signatories and addressed to us at such office, or (ii) in the form of a telecopy transmission of the Drawing Certificate describedin clause (i) of this sentence to Telecopier No. (212) 401-1494 (with transmission confirmed by call to Telephone No. (212) 401-1406) or such other telecopier and telephone numbers that may be designated by us by written notice delivered to you. If a drawing is made by telecopier, it must contain an additional certification by you that the original of the Drawing Certificate manually signed by one of your authorized signatories is being sent to us concurrently by next Business Day delivery service. If a drawingis made hereunder at or prior to 11:00 A.M., New York City time, on a business day, and provided that such drawing and the documents presented in connection therewith strictly conform to the terms and conditions hereof, payment shall be made of the amount specified, in immediately available funds, on such business day. If a drawing is made hereunder after 11:00 A.M., New York City time, on a business day, and provided that such drawing and the documents presented in connection therewith strictly conform to theterms and conditions hereof, payment shall be made of the amount specified, in immediately available funds, by 12:00 noon, New York City time, on the next succeeding business day. Payment of a drawing under this Letter of Credit shall be made to the Beneficiary by wire transfer of federal funds to the account, located in the United States of America, specified by the Beneficiary in the certificate submitted with respect to such drawing. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Payments by the Bank under this Letter of Credit shall be made from the Bank’s own funds. |
|----|-------------------------------------------------------------------------------------------------|

| 7. | As used herein “business day” shall mean any day other than a Saturday, Sunday or a day on which banking institutions in the City of New York, New York, United States of America, are authorized or required by law to close. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Only you, as beneficiary may make a drawing under this Letter of Credit. Upon the payment to you (or your account) of the amount specified in a certificate presented hereunder, the Bank shall be fully discharged on its obligations under this Letter of Credit with respect to such amount, and the Bank shall not thereafter be obligated to make any further payments under this Letter of Credit in respect ofsuch amount to you or to any other person. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | The Bank may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Except as otherwise expressly stated herein, this Letter of Credit is subject to the International Standby Practices 1998, I.C.C. Publication No. 590 (“ISP98”) and shall be governed by and construed in accordance with the laws of the State of New York. In the event of conflict between the ISP98 and a non-mandatory (variable) provision of such laws, the ISP98 shall govern. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | This Letter of Credit may not be assigned or transferred under any circumstances and no person or entity (other than you, as beneficiary) shall have any rights against the Bank hereunder. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 12. | All charges of the Bank related to the issuance or performance of this Letter of Credit (including, but not limited to, the negotiation, payment, or extension hereof) shall be borne by the Applicant and under no circumstances shall be charged to you by the Bank. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Communications (other than drawings and Drawing Certificates) with respect to this Letter of Credit shall be delivered to us at the address and in the manner specified for delivery of Drawing Certificates pursuant to paragraph 6 above (or at such other office as the Bank may designated by written notice), specifically referring to the number of this Letter of Credit. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                 |   |                 |   |
|----------------------|--------|----------------------|--------|
| Authorized Signature |   | Authorized Signature |   |

----

|   | 1. | The Beneficiary is hereby making a drawing under the Letter of Credit in the amount of US$[ ] (the “Subject Drawing”). |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | The amount of the Subject Drawing is not in excess of the Available Amount in effect on the date hereof under the Letter of Credit. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Payment in respect of the drawing requested hereunder shall be made to the following account located in the United States of America [INSERT WIRE TRANSFER INFORMATION]. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | [Name of Beneficiary] |
|--------|-----------------------|
|   | By:________________*  |
|   |  Name and Title  |
|   |                  |
|   | By:________________*  |
|   |  Name and Title  |

----

|   | 1. | Switchyard Easement |
|--------|----|---------------------|

|   | 2. | Transmission Line Easement |
|--------|----|----------------------------|

----

|   | 3. | BNSF Easements:1 |
|--------|----|------------------|

----

|   | South 09 degrees 55 minutes 20 seconds East | 259.59 feet, |
|--------|---------------------------------------------|--------------|
|   | South 14 degrees 25 minutes 17 seconds East | 174.36 feet, |
|   | South 21 degrees 06 minutes 59 seconds East | 181.04 feet, |
|   | South 37 degrees 20 minutes 06 seconds East | 168.50 feet, |
|   | South 46 degrees 12 minutes 02 seconds East | 195.86 feet, |
|   | South 51 degrees 39 minutes 25 seconds East | 275.23 feet, |
|   | South 49 degrees 04 minutes 54 seconds East | 433.83 feet  |

----

----

|   | North 47 degrees 24 minutes 56 seconds West | 196.96 feet, |
|--------|---------------------------------------------|--------------|
|   | North 45 degrees 09 minutes 51 seconds West | 1090.2 feet, |
|   | North 42 degrees 22 minutes 27 seconds West | 424.67 feet, |
|   | North 48 degrees 41 minutes 04 seconds West | 718.67 feet, |
|   | North 47 degrees 24 minutes 16 seconds West | 303.96 feet, |
|   | North 37 degrees 10 minutes 55 seconds West | 150.11 feet, |
|   | North 17 degrees 50 minutes 02 seconds West | 287.89 feet, |
|   | North 11 degrees 37 minutes 13 seconds West | 315.76 feet, |
|   | North 10 degrees 17 minutes 06 seconds West | 282.18 feet, |
|   | North 09 degrees 25 minutes 55 seconds West | 350.44 feet, |
|   | North 17 degrees 56 minutes 40 seconds West | 227.79 feet, |
|   | North 26 degrees 08 minutes 02 seconds West | 502.54 feet, |
|   | North 15 degrees 03 minutes 21 seconds West | 469.53 feet, |
|   | North 25 degrees 06 minutes 40 seconds West | 317.23 feet, |
|   | North 01 degrees 16 minutes 24 seconds East | 275.68 feet, |

|   | South 35 degrees 33 minutes 50 seconds East | 99.93 feet,   |
|--------|---------------------------------------------|---------------|
|   | North 54 degrees 27 minutes 10 seconds East | 199.93 feet,  |
|   | South 35 degrees 33 minutes 15 seconds East | 2935.37 feet, |
|   | South 01 degrees 17 minutes 59 seconds West | 283.77 feet,  |
|   | South 41 degrees 44 minutes 54 seconds East | 866.76 feet,  |
|   | South 63 degrees 22 minutes 42 seconds East | 360.04 feet,  |
|   | South 08 degrees 37 minutes 40 seconds East | 356.70 feet,  |
|   | South 22 degrees 09 minutes 14 seconds East | 307.53 feet,  |
|   | South 00 degrees 30 minutes 25 seconds East | 26.26 feet,   |
|   | North 69 degrees 18 minutes 20 seconds East | 42.76 feet,   |
|   | South 37 degrees 09 minutes 00 seconds East | 308.58 feet,  |

----

|   | South 50 degrees 21 minutes 45 seconds East | 547.72 feet, |
|--------|---------------------------------------------|--------------|

|   | North 63 degrees 26 minutes 52 seconds West | 86.09 feet,   |
|--------|---------------------------------------------|---------------|
|   | North 41 degrees 44 minutes 36 seconds West | 574.04 feet,  |
|   | North 01 degrees 28 minutes 34 seconds East | 234.78 feet,  |
|   | North 13 degrees 59 minutes 13 seconds East | 646.50 feet,  |
|   | North 43 degrees 43 minutes 13 seconds West | 1435.79 feet, |
|   | North 39 degrees 43 minutes 44 seconds East | 114.96 feet,  |
|   | North 47 degrees 59 minutes 08 seconds West | 500.39 feet,  |
|   | North 55 degrees 07 minutes 39 seconds West | 531.88 feet,  |
|   | North 45 degrees 41 minutes 15 seconds West | 174.17 feet,  |
|   | North 54 degrees 16 minutes 32 seconds East | 470.96 feet,  |
|   | North 35 degrees 33 minutes 50 seconds West | 99.93 feet,   |
|   | South 54 degrees 26 minutes 15 seconds West | 499.99 feet,  |
|   | North 52 degrees 22 minutes 02 seconds West | 403.26 feet,  |
|   | North 34 degrees 26 minutes 45 seconds West | 118.74 feet,  |
|   | North 67 degrees 20 minutes 10 seconds East | 1485.18 feet, |

|   | South 32 degrees 13 minutes 06 seconds East | 1865.46 feet, |
|--------|---------------------------------------------|---------------|
|   | South 30 degrees 47 minutes 07 seconds East | 2631.06 feet, |
|   | South 55 degrees 51 minutes 18 seconds East | 918.48 feet,  |

|   | North 64 degrees 54 minutes 24 seconds West | 832.67 feet, |
|--------|---------------------------------------------|--------------|
|   | North 73 degrees 56 minutes 25 seconds West | 161.10 feet, |
|   | North 83 degrees 35 minutes 25 seconds West | 337.92 feet, |
|   | South 49 degrees 59 minutes 28 seconds West | 107.82 feet, |
|   | North 69 degrees 01 minutes 09 seconds West | 271.31 feet, |
|   | South 41 degrees 44 minutes 32 seconds West | 410.99 feet  |

----

|   | North 61 degrees 21 minutes 27 seconds West | 31.95 feet,  |
|--------|---------------------------------------------|--------------|
|   | North 62 degrees 26 minutes 34 seconds West | 101.98 feet, |
|   | North 74 degrees 52 minutes 55 seconds West | 109.19 feet, |
|   | North 22 degrees 56 minutes 49 seconds West | 96.75 feet,  |
|   | North 16 degrees 25 minutes 14 seconds West | 212.76 feet, |
|   | North 03 degrees 53 minutes 11 seconds West | 115.46 feet, |
|   | South 74 degrees 51 minutes 16 seconds West | 152.07 feet, |
|   | North 37 degrees 07 minutes 58 seconds West | 77.88 feet,  |
|   | North 08 degrees 43 minutes 49 seconds West | 533.77 feet, |
|   | North 73 degrees 05 minutes 43 seconds East | 293.57 feet, |
|   | South 63 degrees 02 minutes 24 seconds East | 521.64 feet, |
|   | North 25 degrees 04 minutes 00 seconds East | 188.03 feet, |
|   | South 66 degrees 29 minutes 53 seconds East | 197.50 feet, |
|   | South 23 degrees 30 minutes 28 seconds West | 93.47 feet,  |
|   | South 61 degrees 42 minutes 07 seconds East | 192.30 feet, |
|   | South 57 degrees 19 minutes 35 seconds East | 101.21 feet, |

----

|   | North 02 degrees 23 minutes 20 seconds East | 64.71 feet,  |
|--------|---------------------------------------------|--------------|
|   | North 05 degrees 47 minutes 39 seconds East | 224.43 feet, |
|   | North 14 degrees 24 minutes 16 seconds East | 210.90 feet, |
|   | North 20 degrees 23 minutes 46 seconds East | 23.68 feet,  |

----

|   | PPEA Basecase Amortization Schedule |   |
|--------|-------------------------------------|--------|
|   |                                |   |   |   |
|   | Basecase Drawing ($MM)              |   | 700.00 |   |
|   | Assumed Term Conversion             |   | Aug 14th 2010 |   |
|   |                                |   |   |   |   |   |
|   |                                |   |   | Quarter |   |   |
|   |                                |   | 1.00 | 2.00 | 3.00 | 4.00 |   |
|   | Year                                |   |   |   |   |   |   |
|   |                                | 2010   |   |   | 0.00% | 0.00% |   |
|   |                                | 2011   | 0.00% | 0.00% | 0.02% | 0.04% |   |
|   |                                | 2012   | 0.11% | 0.11% | 0.11% | 0.11% |   |
|   |                                | 2013   | 0.16% | 0.16% | 0.16% | 0.16% |   |
|   |                                | 2014   | 0.15% | 0.15% | 0.15% | 0.15% |   |
|   |                                | 2015   | 0.20% | 0.20% | 0.20% | 0.20% |   |
|   |                                | 2016   | 0.25% | 0.25% | 0.25% | 0.25% |   |
|   |                                | 2017   | 0.32% | 0.32% | 0.32% | 0.32% |   |
|   |                                | 2018   | 0.38% | 0.38% | 0.38% | 0.38% |   |
|   |                                | 2019   | 0.42% | 0.42% | 0.42% | 0.42% |   |
|   |                                | 2020   | 0.47% | 0.47% | 0.47% | 0.47% |   |
|   |                                | 2021   | 0.55% | 0.55% | 0.55% | 0.55% |   |
|   |                                | 2022   | 0.63% | 0.63% | 0.63% | 0.63% |   |
|   |                                | 2023   | 0.70% | 0.70% | 0.70% | 0.70% |   |
|   |                                | 2024   | 0.78% | 0.78% | 0.78% | 0.78% |   |
|   |                                | 2025   | 0.88% | 0.88% | 0.88% | 0.88% |   |
|   |                                | 2026   | 0.98% | 0.98% | 0.98% | 0.98% |   |
|   |                                | 2027   | 1.08% | 1.08% | 1.08% | 1.08% |   |
|   |                                | 2028   | 1.19% | 1.19% | 1.19% | 1.19% |   |
|   |                                | 2029   | 1.30% | 1.30% | 1.30% | 1.30% |   |
|   |                                | 2030   | 1.37% | 1.37% | 1.37% | 1.37% |   |
|   |                                | 2031   | 1.37% | 1.37% | 1.37% | 1.37% |   |
|   |                                | 2032   | 1.48% | 1.48% | 1.48% | 1.48% |   |
|   |                                | 2033   | 1.60% | 1.60% | 1.60% | 1.60% |   |
|   |                                | 2034   | 1.21% | 1.21% | 1.21% | 1.21% |   |
|   |                                | 2035   | 1.36% | 1.36% | 1.36% | 1.36% |   |
|   |                                | 2036   | 1.50% | 1.50% | 1.50% | 1.50% |   |
|   |                                | 2037   | 1.58% | 1.58% | 1.58% | 1.58% |   |
|   |                                | 2038   | 1.63% | 1.63% | 1.63% | 1.63% |   |
|   |                                | 2039   | 1.00% | 1.00% | 1.00% | 1.00% |   |
|   |                                | 2040   | 0.73% | 0.73% | 0.00% | 0.00% |   |

----

|   | PPEA Backstop LC Loan Repayment Profile |            |   |    |
|--------|-----------------------------------------|-----------------|--------|---------|
|   |                                    |            |   |
|   | Basecase Drawing ($MM)                  | 102.00          |   |
|   | Assumed LC Loan Conversion at Maturity  | March 28th 2012 |   |
|   |                                    |            |   |    |   |   |
|   |                                    |            |   | Quarter |   |   |
|   |                                    |            | 1.00   | 2.00    | 3.00 | 4.00 |   |
|   | Year                                    |            |   |    |   |   |   |
|   |                                    | 2012            |   | 0.80%   | 0.80% | 0.80% |   |
|   |                                    | 2013            | 0.85%  | 0.85%   | 0.85% | 0.85% |   |
|   |                                    | 2014            | 1.36%  | 1.36%   | 1.36% | 1.36% |   |
|   |                                    | 2015            | 1.50%  | 1.50%   | 1.50% | 1.50% |   |
|   |                                    | 2016            | 1.61%  | 1.61%   | 1.61% | 1.61% |   |
|   |                                    | 2017            | 1.74%  | 1.74%   | 1.74% | 1.74% |   |
|   |                                    | 2018            | 1.88%  | 1.88%   | 1.88% | 1.88% |   |
|   |                                    | 2019            | 2.33%  | 2.33%   | 2.33% | 2.33% |   |
|   |                                    | 2020            | 2.65%  | 2.65%   | 2.65% | 2.65% |   |
|   |                                    | 2021            | 2.88%  | 2.88%   | 2.88% | 2.88% |   |
|   |                                    | 2022            | 3.21%  | 3.21%   | 3.21% | 3.21% |   |
|   |                                    | 2023            | 3.61%  | 3.61%   | 3.61% | 3.61% |   |
|   |                                    | 2024            | 3.16%  | 0.00%   | 0.00% | 0.00% |   |
|   |                                    |            |   |    |   |   |   |

----

| 1. | Operating Air Permit No. 1995-AOP-R1 issued on May 24, 2006 by Arkansas Department of Environmental Quality to LSP Services Plum Point, LLC as operator for the following owners: Plum Point Energy Associates, LLC, East Texas Electric Cooperative, Inc., Missouri Joint Municipal Electric Utility Commission, The Empire District Electric Company. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Permit No. AR0049557 issued by Arkansas Department of Environmental Quality to LSP Services Plum Point, LLC as operator for the following owners: Plum Point Energy Associates, LLC, East Texas Electric Cooperative, Inc., Missouri Joint Municipal Electric Utility Commission, The Empire District Electric Company providing Authorization to Discharge Wastewater under the National Pollutant Discharge and Elimination Systemand the Arkansas Water and Air Pollution Control Act effective February 1, 2007. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Permit for the Construction and Operation of a Solid Waste Disposal Facility; Class 3N Landfill Permit Number 0303-S3N; issued by State of Arkansas Department of Environmental Quality on April 17, 2006 to LSP Services Plum Point, LLC as operator for the following owners: Plum Point Energy Associates, LLC, East Texas Electric Cooperative, Inc., Missouri Joint Municipal Electric Utility Commission, The Empire DistrictElectric Company. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Addendum to Permit; Class 3N Landfill Permit Number 0303-S3N; issued by State of Arkansas Department of Environmental Quality on September 27, 2006 to LSP Services Plum Point, LLC. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Construction Permit No. 49557C authorizing the construction of a (NPDES) waste disposal system; issued by Arkansas Department of Environmental Quality on May 22, 2006 to Plum Point Energy Associates, LLC, East Texas Electric Cooperative, Inc., Missouri Joint Municipal Electric Utility Commission, and The Empire District Electric Company d/b/a LSP Services Plum Point, LLC c/o LS Power Development, LLC. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Department of the Army Permit issued under Section 10 of the Rivers and Harbors Act and Section 404 of the Clean Water Act; Permit Number Mississippi 2001-060 [GWW]; issued to Plum Point Energy Associates, LLC on March 21, 2002; extended on January 12, 2005; transferred to LSP Services Plum Point, LLC as operator for the following owners: Plum Point Energy Associates, LLC, East Texas Electric Cooperative, Inc., MissouriJoint Municipal Electric Utility Commission, The Empire District Electric Company on March 23, 2006. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7. | Water Quality Certification under 401 of the Clean Water Act for USACE Public Notice Mississippi 2001-060 issued by Arkansas Department of Environmental Quality on October 15, 2001. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Levee Crossing Permit issued by the St. Francis Levee District of Arkansas to Plum Point Energy Associates, LLC on September 10, 2001; extended on November 12, 2004; extended on September 6, 2006. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Federal Aviation Administration Determination of No Hazard to Air Navigation for Stack (2006-ASW-2502-OE) issued to LSP Services Plum Point, LLC on April 21, 2006. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Federal Aviation Administration Determination of No Hazard to Air Navigation for Crane (2006-ASW-1438-OE) issued to Plum Point Energy Associates, LLC on March 14, 2006. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | General Permit for Stormwater Discharges Associated with Construction Activities filed by EPC Contractor and approved by Arkansas Department of Environmental Quality on March 14, 2006. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Arkansas Floodplain Development Permit for structures on the river side of the levee (pumphouse, outfall structure, etc.) issued by Mississippi County, Arkansas on January 29, 2007. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Modification to Operating Air Permit No. 1995-AOP-R1 to reflect modifications to emissions limits for auxiliary boiler as requested in the application for permit modification submitted by LSP Services Plum Point, LLC on March 6, 2007. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | General Permit for Stormwater Discharges Associated with Industrial Activity issued by Arkansas Department of Environmental Quality; submittal of Notice of Intent is due 30 days prior to commencement of Project operations. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Exempt Wholesale Generator Determination issued by the Federal Energy Regulatory Commission; to be filed prior to commercial operations. |
|----|------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Above Ground Storage Tank Permit for 250,000 gallon fuel oil tank issued by the Arkansas State Fire Marshal; to be filed prior to installation of the tank. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Above Ground Storage Tank Permit for 8,000 gallon diesel fuel tank issued by the Arkansas State Fire Marshal; to be filed prior to installation of the tank. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Registration of Water Diversion with the Arkansas Soil and Water Conservation Commission; to be filed no later than March 1 for the previous water year. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7. | Drainage District approval for stormwater facilities and construction in drainage ditches issued by Drainage District No. 8; drainage plans to be submitted for review and administrative approval prior to filling and rerouting any drainage ditches. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Federal Power Act Section 205 approval to sell power at market-based rates issued by the Federal Energy Regulatory Commission; to be filed as contemplated by Section 5.16 of the Credit Agreement. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| I. | Material Violations and Releases |
|----|----------------------------------|

| II. | Pending or Threatened Governmental Actions |
|-----|--------------------------------------------|

| III. | Environmental Site Assessments |
|------|--------------------------------|

|   | 1) | Mostardi Platt. Phase I Environmental Site Assessment on the Property Consisting of Fairley Parcels 1 & 2, Prudential, Tasco and Whistle Parcels in Mississippi County, Arkansas. November 7, 2001. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2) | Mostardi Platt. Phase I Environmental Site Assessment on the Property Consisting of Fairley Trust Parcel 3 - Switchyard Location and Proposed Transmission Line Route in Mississippi County, Arkansas. November 7, 2001. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3) | Mostardi Platt. Phase I Environmental Site Assessment Update on the Property Consisting of Fairley Parcels 1, 2 and 3 in Mississippi County, Arkansas. February 7, 2006. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4) | Mostardi Platt. Phase I Environmental Site Assessment Update on the Property Consisting of Prudential, Tasco and Whistle Parcels in Mississippi County, Arkansas. February 6, 2006. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5) | Mostardi Platt. Phase I Environmental Site Assessment Update on the Property Commonly Known as 2732 South Country Road 239, Osceola, Arkansas. March 23, 2007. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6) | Mostardi Platt. Phase I Environmental Site Assessment Update on the Property Consisting of Fairley Trust Parcel 3 - Switchyard Location and Proposed Transmission Line Route in Mississippi County, Arkansas. March 23, 2007. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1. | EIF Plum Point, LLC (“EIF”) has informed LSP Plum, LLC (“LSP Plum”) that it is considering initiating an action (the “EIF Claim”) against LSP Plum in connection with the PPEA Holding Limited Liability Agreement (the “Operating Agreement”). The EIF Claim is believed to involve assertions that LSP Plum (i) breached its fiduciary duties to EIF in LSP Plum’scapacity as manager of PPEA Holding Company, LLC under the Operating Agreement; (ii) breached the implied covenant of good faith and fair dealing; and (iii) breached certain provisions of the Operating Agreement. In the event the EIF Claim is pursued, Borrower believes that EIF intends to seek both monetary and equitable relief against LSP Plum and will not seek relief from either the Borrower or the Pledgor. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1. | Project Contracts |
|----|-------------------|

|   | a. | Power Purchase Agreement, dated as of March 3, 2006, by and between the Borrower and The Empire District Electric Company (“Empire” or “EDEC”). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Power Purchase Agreement, dated as of April 4, 2006, by and between the Borrower and Missouri Joint Municipal Utility Commission (“MJMEUC”). |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Power Purchase Agreement, dated as of July 31, 2006, by and between the Borrower and South Mississippi Electric Power Association (“SMEPA”). |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | Power Purchase Agreement, dated as of November 20, 2006, by and between the Borrower and Southwestern Electric Cooperative, Inc. (“SWECI”), as amended and restated by means of the Amended and Restated Power Purchase Agreement, dated as of March 28, 2007, by and between the Borrower and SWECI. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | Amended and Restated Limited Liability Company Operating Agreement of the Borrower, dated as of March 14, 2006. |
|--------|----|-----------------------------------------------------------------------------------------------------------------|

|   | f. | PILOT Lease Agreement, dated as of March 1, 2006, by and between City of Osceola, Arkansas (the “City”) and the Borrower. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | PILOT Bond Trust Indenture, dated as of March 1, 2006, by and between the City and the Trustee. |
|--------|----|-------------------------------------------------------------------------------------------------|

|   | h. | PILOT Guaranty Agreement, dated as of March 1, 2006, made by Borrower in favor of the Trustee. |
|--------|----|------------------------------------------------------------------------------------------------|

|   | i. | PILOT Agreement, dated as of January 26, 2001, by and between the Borrower and the City. |
|--------|----|------------------------------------------------------------------------------------------|

|   | j. | Project Management Agreement, dated as of March 14, 2006, by and among the Borrower, Empire, SMEPA, SWECI, MJMEUC, and LSP Services Plum Point, LLC (the “Project Manager”). |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k. | Participation Agreement, dated as of March 3, 2006, by and between the Borrower, East Texas Electric Cooperative, Inc. (“ETEC”), MJMEUC, Empire and MEAM. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | l. | Joinder Agreement, dated June 8, 2006, by MEAM. |
|--------|----|-------------------------------------------------|

----

|   | m. | Assignment of Undivided Tenancy in Common Interest, dated as of March 3, 2006, executed by the Borrower in favor of Empire. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------|

|   | n. | Assignment of Undivided Tenancy in Common Interest, dated as of March 3, 2006, executed by the Borrower in favor of ETEC. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------|

|   | o. | Assignment of Undivided Tenancy in Common Interest, dated as of March 3, 2006, executed by the Borrower in favor of MJMEUC. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------|

|   | p. | Assignment of Undivided Tenancy in Common Interest, dated as of June 8, 2006, executed by the Borrower in favor of Municipal Energy Agency of Mississippi (“MEAM”). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | q. | Empire Participating Co-Tenant Agreement, dated as of March 3, 2006, by and between Empire and the Borrower. |
|--------|----|--------------------------------------------------------------------------------------------------------------|

|   | r. | Empire Escrow Agreement, dated as of March 14, 2006, by and among the Borrower, ETEC, MJMEUC and the Project Manager. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------|

|   | s. | Home Office Payment Agreement, dated as of March 1, 2006, by and between the Borrower and the Trustee. |
|--------|----|--------------------------------------------------------------------------------------------------------|

|   | t. | Home Office Payment Agreement, dated as of March 3, 2006, by and between the Borrower, Empire and the Trustee. |
|--------|----|----------------------------------------------------------------------------------------------------------------|

|   | u. | Amended and Restated Turnkey Engineering, Procurement and Construction Contract, dated as of December 1, 2005 (EPC Contract), by and between Borrower and Plum Point Power Partners (the “EPC Contractor”), a joint venture among Zachry Construction Corporation (“Zachry”), Overland Contracting Inc. and Gilbert Central Corp. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | v. | The Switchyard EPC Contract, dated as of November 13, 2006, by and between National Conductor Constructors and the Borrower. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------|

|   | w. | Agreement for the Engineering Procurement & Construction of the San Souci Switchyard, dated as of November 10, 2006, by and between the Borrower and Entergy Arkansas Inc. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | x. | Engineering, Procurement and Construction Contract Guaranty, dated as of December 30, 2005, by Black & Veatch Holding Company (“Black & Veatch”) for the benefit of the Borrower. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | y. | Engineering, Procurement and Construction Contract Guaranty, dated as of December 30, 2005, by Kiewit Construction Company (“Kiewit”) for the benefit of the Borrower. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | z. | Engineering, Procurement and Construction Contract Guaranty, dated as of December 30, 2005, by Zachry for the benefit of the Borrower. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------|

----

|   | aa. | Coal Transportation Contract BNSF-C-12469, dated as of December 10, 2005, by and between the Borrower and BNSF Railway Company (“BNSF”). |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | bb. | Interconnection and Operating Agreement, dated as of November 24, 2004, by and between the Borrower and Entergy Arkansas, Inc. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | cc. | Locomotive Use and Liability Agreement, dated as of February 28, 2006, by and between BNSF and the Borrower. |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | dd. | Management Services Agreement, dated as of March 28, 2007, by and between the Borrower and Plum Point Management Company, LLC. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | ee. | Lease of Land between BNSF Railway Company and Project Manager dated as of March 8, 2007. |
|--------|-----|-------------------------------------------------------------------------------------------|

| 2. | Tax Exempt Bond Documents |
|----|---------------------------|

|   | a. | Trust Indenture, dated as of April 1, 2006, between the City, as issuer, and the Trustee. |
|--------|----|-------------------------------------------------------------------------------------------|

|   | b. | Loan Agreement, dated as of April 1, 2006, between the Borrower and the City. |
|--------|----|-------------------------------------------------------------------------------|

|   | c. | Remarketing Agreement, dated as of April 1, 2006, by and between the Borrower and Goldman, Sachs &Co. |
|--------|----|-----------------------------------------------------------------------------------------------------------|

| 3. | Credit Documents |
|----|------------------|

|   | a. | The Credit Agreement. |
|--------|----|-----------------------|

|   | b. | Loan Insurance Agreement, by and between the Borrower and the Loan Insurer. |
|--------|----|-----------------------------------------------------------------------------|

|   | c. | Forward Commitment Letter, by and between the Borrower and the Loan Insurer. |
|--------|----|------------------------------------------------------------------------------|

|   | d. | Sponsor Support Agreement, by and among the Borrower, the Loan Insurer and the Administrative Agent. |
|--------|----|------------------------------------------------------------------------------------------------------|

|   | e. | Depositary Agreement, by and among the Borrower , the Loan Insurer, the Bank of New York, as the Depositary, the Administrative Agent and the Collateral Agent. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | Collateral Agency and Intercreditor Agreement, by and among the Borrower, PPEA Holding Company, LLC, the Loan Insurer, the Collateral Agent, and the Administrative Agent. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | Security Agreement, by the Borrower in favor of the Collateral Agent. |
|--------|----|-----------------------------------------------------------------------|

|   | h. | Pledge and Security Agreement by Pledgor in favor of the Collateral Agent. |
|--------|----|----------------------------------------------------------------------------|

----

|   | i. | Leasehold Mortgage, Security Agreement, Assignment of leases and Rents and Fixture Filing and Mortgage executed by the Borrower in favor of the Collateral Agent. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j. | Notice and Acknowledgment Letter dated as of the Closing Date, between the East Texas Electric Cooperative, Inc, the Borrower and the Collateral Agent, in connection with the Co-Tenant Consent and Agreement dated March 14, 2006. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k. | Notice and Acknowledgment Letter dated as of the Closing Date, between the Missouri Joint Municipal Utility Commission, the Borrower and the Collateral Agent, in connection with the Co-Tenant Consent and Agreement dated March 14, 2006. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | l. | Notice and Acknowledgment Letter dated as of the Closing Date, between the Missouri Joint Municipal Utility Commission, the Borrower and the Collateral Agent, in connection with the Consent and Agreement dated December 4, 2006. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | m. | Notice and Acknowledgment Letter dated as of the Closing Date, between Empire District Electric Company, the Borrower and the Collateral Agent, in connection with the Third Party Consent and Agreement dated March 14, 2006. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | n. | Notice and Acknowledgment Letter dated as of the Closing Date, between Empire District Electric Company, the Borrower and the Collateral Agent, in connection with the Co-Tenant Consent and Agreement dated March 14, 2006. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o. | Notice and Acknowledgment Letter dated as of the Closing Date, between Entergy Arkansas, Inc., the Borrower and the Collateral Agent, in connection with the Consent and Agreement dated March 14, 2006. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | p. | Notice and Acknowledgment Letter dated as of the Closing Date, between LSP Services Plum Point, LLC, the Borrower and the Collateral Agent, in connection with the Consent and Agreement dated March 14, 2006. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | q. | Notice and Acknowledgment Letters dated as of the Closing Date, between Plum Point Power Partners (represented by Zachry Construction Corporation), the Company, the Collateral Agent, and each of the Guarantors thereto, in connection with the Consent and Agreement dated March 14, 2006. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | r. | Notice and Acknowledgment Letter dated as of the Closing Date, between BNSF Railway Company, the Borrower and the Collateral Agent, in connection with the Third Party Consent and Agreement dated March 14, 2006. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | s. | Notice and Acknowledgment Letter dated as of the Closing Date, between the Municipal Energy Agency of Mississippi, the Borrower and the Collateral Agent, in connection with the Co-Tenant Consent and Agreement dated June 8, 2006. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | t. | Notice and Acknowledgment Letter dated as of the Closing Date, among Southwestern Electric Cooperative, Inc., the Borrower and the Collateral Agent, |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | u. | Notice and Acknowledgment Letter dated as of the Closing Date, among South Mississippi Electric Power Association, the Borrower and the Collateral Agent, in connection with the Third Party Consent and Agreement dated as of August 25, 2006. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | v. | Lessor Acknowledgment agreement dated as of the Closing Date, among the Borrower, the City of Osceola and the Collateral Agent. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------|

|   | w. | Pay-off Letter Agreement, dated as of March 28, 2007, among Credit Suisse, in its capacity as collateral agent and administrative agent under the Existing Credit Facilities, and as issuing bank of the CS Letter of Credit, and the Borrower. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | x. | Note executed by the Borrower in favor of The Royal Bank of Scotland plc. |
|--------|----|---------------------------------------------------------------------------|

|   | y. | Fee Letter between the Borrower and The Royal Bank of Scotland plc. |
|--------|----|---------------------------------------------------------------------|

----

| 1. | UCC-1 Financing Statement filed with the Secretary of State of the State of Delaware (Debtor: Plum Point Energy Associates, LLC) |
|----|----------------------------------------------------------------------------------------------------------------------------------|

| 2. | UCC-1 Financing Statement filed with the Secretary of State of the State of Delaware (Debtor: PPEA Holding Company, LLC) |
|----|--------------------------------------------------------------------------------------------------------------------------|

| 3. | The Leasehold Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of March 27, 2007 by Plum Point Energy Associates, LLC for the benefit of The Bank of New York, as Collateral Agent. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1. | All obligations under the PILOT Agreements. |
|----|---------------------------------------------|

| 2. | All obligations under the Bond Loan Agreement. |
|----|------------------------------------------------|

| 3. | The CS Letter of Credit. |
|----|--------------------------|

----

----

----

----

----

----

|   | (i) | endorsed to name the Loan Insurer and the Collateral Agent, on behalf of the Secured Parties and their respective officers and employees as additional insureds; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | appended by an additional certificate naming the City of Osceola, Arkansas as an additional insured; and |
|--------|------|----------------------------------------------------------------------------------------------------------|

|   | (iii) | primary and not excess to or contributing with any insurance or self-insurance maintained by the Loan Insurer and/or the Collateral Agent, on behalf of the Secured Parties. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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