Document:

exhibit10b-2

EU-DOCS\32205615.1  To: Mizuho Bank, Ltd. as Facility Agent under the Facility Agreement (as defined below)  30 March 2021 (as updated on 7 April 2021)  WPD plc Revolving Facility Agreement – Amendment Letter (the “Letter”)  Dear All  Revolving Facility Agreement dated 13 January 2016 and made between, amongst others,  Western Power Distribution plc as the Borrower, the Co-ordinators, the Arrangers, the Original  Lenders and Mizuho Bank, Ltd. as Facility Agent (each such term as defined therein) (as  amended, restated and/or supplemented from time to time, the “Facility Agreement”)  1. INTRODUCTION 1.1 We refer to the Facility Agreement. Terms defined in the Facility Agreement (as amended pursuant to this Letter) shall have the same meaning when used in this Letter. 1.2 Clauses 1.2 (Construction) and 1.3 (Third Party Rights) of the Facility Agreement will be deemed to be set out in full in this Letter, but as if references in such clauses to the Facility Agreement were references to this Letter. 1.3 The purpose of this Letter is to make an amendment to Clauses 1.1 and 8.2 of the Facility Agreement, as further set out below. 1.4 This Letter is designated as a Finance Document. 2. AMENDMENT 2.1 With effect from (and including) the date of countersignature of this Letter, the below definition to be included in Clause 1.1 (Definitions): ""Acquisition" means the acquisition of the entire share capital of PPL WPD Investments Limited and its subsidiaries by National Grid Holdings One plc as announced by National Grid plc on 18 March 2021." 2.2 With effect from (and including) the date of countersignature of this Letter, Clause 8.2 of the Facility Agreement shall be deemed to be deleted in its entirety and replaced with the following wording: “8.2 Mandatory prepayment - change of control  If, except to the extent of a group reorganisation where the Borrower continues to be  controlled directly or indirectly by PPL Corporation or, on and following the  Acquisition, National Grid plc, the Borrower becomes aware of any person (whether  alone or together with any associated person or persons) gaining control of the  Borrower (for these purposes "associated person" means, in relation to any person, a  person who is (i) "acting in concert" (as defined in the City Code on Takeovers and  Mergers) with that person or (ii) a "connected person" (as defined in section 1122 of  the CTA 2010) of that person and "control" means the relevant person satisfies any of  the criteria set out in paragraphs (1)(a) to (c) of Section 1159 of the Companies Act  2006):   8.2.1 within five days of such date, the Borrower shall give notice of such change of  control to the Facility Agent;   Exhibit 10(b)-2 

 

    EU-DOCS\32205615.1  8.2.2 the Lenders and the Borrower shall immediately enter into negotiations for a  period of not more than 45 days from the date of the change of control with a view to  agreeing whether the Facility shall continue to be made available and on what terms;   8.2.3 if no such agreement is reached within the said period of 45 days then:   (a) any Lender may on 10 days’ notice to the Facility Agent and to the  Borrower require the repayment of its share in each Loan and cancel its  Commitment; or   (b) the Majority Lenders may on 10 days’ notice to the Borrower require  repayment in full of all outstanding Loans and cancel the Total Commitments;  and   8.2.4 a Lender shall not be obliged to fund any further loans under the Facility  (except for a Rollover Loan) during the negotiation period set out in sub-clause 8.2.2,  and if no agreement is reached within such negotiation period, during the 10 day  notice period set out in sub-clause 8.2.3.”    3. REPEATED REPRESENTATIONS  3.1 The Borrower confirms to each Finance Party that the Repeating Representations are true in all  material respects on the date on which the Facility Agent countersigns this Letter by reference  to the facts and circumstances then existing on such date.  3.2 References to “this Agreement” in the Repeating Representations should be construed as  references to the Agreement as amended by this Letter.  4. MISCELLANEOUS  4.1 Except as varied by the terms of this Letter, the Facility Agreement will remain in full force  and effect and any reference in the amended Facility Agreement or to any provision of the  Facility Agreement will be construed as a reference to the amended Facility Agreement, or that  provision, as amended by this Letter.  4.2 This Letter may be executed in any number of counterparts and this has the same effect as if  the signatures on the counterparts were on a single copy of this Letter.  4.3 The provisions of Clauses 27.7 (Waivers and remedies cumulative), 33 (Severability), 35  (Notices) and 38 (Enforcement) of the Facility Agreement apply to this Letter as though they  were set out in full in this Letter but as if references in such clauses to the Facility Agreement  were references to this Letter.  4.4 This Letter and any non-contractual obligations arising out of or in connection with it are  governed by English law.  Please sign and return to us a counterpart of this Letter as soon as possible and, in any event, by no later  than 5 p.m. (London time) on 12 April 2021 in order to indicate your agreement (on behalf of all  Lenders) to its terms.  Yours faithfully  

 

  [WPD plc RCF – Amendment Letter to the Facility Agreement]  THE BORROWER  For and on behalf of  WESTERN POWER DISTRIBUTION PLC    By : _____________________________  Name : Julie Hunt  Title : Treasurer  

 

  [WPD plc RCF – Amendment Letter to the Facility Agreement]  Acknowledged and accepted on behalf of all Lenders:  THE FACILITY AGENT     For and on behalf of     MIZUHO BANK, LTD.        By : _____________________________ By : _____________________________  Name :  Name :   Title :  Title :   Date :  Date :exhibit10c

EU-DOCS\32205615.1  To: National Westminster Bank PLC as Agent under the Facility Agreement (as defined below)  30 March 2021 (as updated on 7 April 2021)  £50m Facility Agreement – Amendment Letter (the “Letter”)  Dear All  Facility Agreement dated 7 June 2019 and made between Western Power Distribution plc as the  Borrower and National Westminster Bank plc as the Original Lender and Agent (each such term  as defined therein) (as amended, restated and/or supplemented from time to time, the “Facility  Agreement”)  1. INTRODUCTION 1.1 We refer to the Facility Agreement. Terms defined in the Facility Agreement (as amended pursuant to this Letter) shall have the same meaning when used in this Letter. 1.2 Clauses 1.2 (Construction) and 1.3 (Third Party Rights) of the Facility Agreement will be deemed to be set out in full in this Letter, but as if references in such clauses to the Facility Agreement were references to this Letter. 1.3 The purpose of this Letter is to make an amendment to Clauses 1.1 and 7.2 of the Facility Agreement, as further set out below. 1.4 This Letter is designated as a Finance Document. 2. AMENDMENT 2.1 With effect from (and including) the date of countersignature of this Letter, the below definition to be included in Clause 1.1 (Definitions): ""Acquisition" means the acquisition of the entire share capital of PPL WPD Investments Limited and its subsidiaries by National Grid Holdings One plc as announced by National Grid plc on 18 March 2021." 2.2 With effect from (and including) the date of countersignature of this Letter, Clause 7.2 of the Facility Agreement shall be deemed to be deleted in its entirety and replaced with the following wording: “7.2 Change of Control  If, except to the extent of a group reorganisation where the Borrower continues to be  controlled directly or indirectly by PPL Corporation or, on and following the  Acquisition, National Grid plc, the Borrower becomes aware of any person (whether  alone or together with any associated person or persons) gaining control of the  Borrower (for these purposes "associated person" means, in relation to any person, a  person who is (i) "acting in concert" (as defined in the City Code on Takeovers and  Mergers) with that person or (ii) a "connected person" (as defined in section 1122 of  the CTA 2010) of that person and "control" means the relevant person satisfies any of  the criteria set out in paragraphs (1)(a) to (c) of Section 1159 of the Companies Act  2006):  7.2.1 within five days of such date, the Borrower shall give notice of such change of  control to the Agent;   Exhibit 10(c) 

 

    EU-DOCS\32205615.1  7.2.2 the Lenders and the Borrower shall immediately enter into negotiations for a  period of not more than 45 days from the date of the change of control with a view to  agreeing whether the Facility shall continue to be made available and on what terms;   7.2.3 if no such agreement is reached within the said period of 45 days, then any Lender  may, on 10 Business Days’ notice to the Agent and to the Borrower, require the  repayment of its share in the Loan and the cancellation of its Commitment; and  7.2.4 a Lender shall not be obliged to fund its participation in the Loan during the  negotiation period set out in paragraph 7.2.2 above and, if no agreement is reached  within such negotiation period, during the 10 Business Day notice period set out in  paragraph 7.2.3 above.”    3. REPEATED REPRESENTATIONS  3.1 The Borrower confirms to each Finance Party that the Repeating Representations are true in all  material respects on the date on which the Agent countersigns this Letter by reference to the  facts and circumstances then existing on such date.  3.2 References to “this Agreement” in the Repeating Representations should be construed as  references to the Agreement as amended by this Letter.  4. MISCELLANEOUS  4.1 Except as varied by the terms of this Letter, the Facility Agreement will remain in full force  and effect and any reference in the amended Facility Agreement or to any provision of the  Facility Agreement will be construed as a reference to the amended Facility Agreement, or that  provision, as amended by this Letter.  4.2 This Letter may be executed in any number of counterparts and this has the same effect as if  the signatures on the counterparts were on a single copy of this Letter.  4.3 The provisions of Clauses 27.6 (Waivers and remedies cumulative), 34 (Severability), 36  (Notices), 38 (Governing law) and 39 (Enforcement) of the Facility Agreement apply to this  Letter as though they were set out in full in this Letter but as if references in such clauses to the  Facility Agreement were references to this Letter.  4.4 This Letter and any non-contractual obligations arising out of or in connection with it are  governed by English law.  Please sign and return to us a counterpart of this Letter as soon as possible and, in any event, by no later  than 5 p.m. (London time) on 12 April 2021 in order to indicate your agreement (on behalf of Majority  Lenders) to its terms.  Yours faithfully  

 

  [WPD plc Term Loan – Amendment Letter to the Facility Agreement]    THE BORROWER  For and on behalf of  WESTERN POWER DISTRIBUTION PLC    By : _____________________________  Name : Julie Hunt  Title : Treasurer  

 

  [WPD plc Term Loan – Amendment Letter to the Facility Agreement]  Acknowledged and accepted on behalf of Majority Lenders:  THE AGENT     For and on behalf of     NATIONAL WESTMINSTER BANK PLC        By : _____________________________ By : _____________________________  Name :  Name :   Title :  Title :   Date :  Date :     Director, Corporates & Institutions 9th April 2021 Andreas Argyrou

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00327-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00327-of-00352.parquet"}]]