MISSISSIPPI BUSINESS FINANCE CORPORATION MISSISSIPPI POWER COMPANY BOND ASSUMPTION AND EXCHANGE AGREEMENT Dated as of October 20, 2011Bond Assumption and Exchange Agreement • October 26th, 2011 • Mississippi Power Co • Electric services • New York
Juniper Capital L.P., a Delaware limited partnership (“Juniper”), owns a 1064 megawatt combined cycle electric generation facility and related equipment (said combined cycle electric generation facility, together with all improvements and equipment, and any replacements thereof, are collectively called the “Facility”). The components of the Facility are located in Jackson County, Mississippi, on land more particularly described in Exhibit A to the Ground Lease referred to below (the “Site”), which Site has been leased by the Company and Gulf Power Company, a Florida corporation (together with the Company, the “Ground Lessor”), to Escatawpa Funding, Limited Partnership pursuant to a Ground Lease dated as of April 29, 1999, as amended by Amendment No. 1 thereto dated as of May 4, 2001, as assigned to Juniper pursuant to an Assignment and Assumption of Ground Lease dated as of June 27, 2003 (as so amended and assigned, the “Ground Lease”). The Facility, the leasehold interest in the Site,
