Document:

Exhibit

Exhibit 4(a)-4

AMENDMENT NO. 3
TO
PPL EMPLOYEE STOCK OWNERSHIP PLAN

WHEREAS, PPL Services Corporation (“PPL”) sponsors and maintains the PPL Employee Stock Ownership Plan as amended and restated effective December 1, 2016 (“Plan”); and
WHEREAS, PPL desires to amend the Plan to (1) provide certain benefits to domestic partners and (2) make a top-paid group election for determining highly compensated employees to align with its other plans;
NOW, THEREFORE, the Plan is hereby amended as follows:
I.    Effective January 1, 2019, a new section 2.8A shall be added to Article II as follows:
“2.8A    “Domestic Partner” shall mean an individual who is in a domestic partnership with a Participant and an affidavit of domestic partnership (in the form prescribed by PPL) is on file with PPL and the affidavit is still in effect.” 

II.    Effective January 1, 2018, Section 2.16 of the Plan, “Highly Compensated Eligible Employee”, is amended to read as follows:
“2.16 “Highly Compensated Eligible Employee” shall mean an Eligible Employee who: 

(a)    is a five-percent owner, as defined in section 416(i)(1) of the Code, either for the current Plan Year or the immediately preceding Plan Year; or

(b)    (1)    received more than $125,000 (as indexed) in Compensation in the immediately preceding Plan Year, from a Participating Company or an Affiliated Company; and 

(2)        was among the top 20% of Employees of the Participating Company and Affiliated Companies ranked by Compensation in the immediately 

preceding Plan Year (excluding Employees described in section 414(q)(5) of the Code to the extent permitted under the Code and regulations thereunder).”

III.    Effective January 1, 2019, Section 7.3 of the Plan, “Beneficiary Designation,” is amended to read as follows:

“7.3    Beneficiary Designation.

(a)      Death benefits under the Plan shall be paid to the surviving Spouse of a Participant, including the Spouse of a Participant who has retired or whose employment has terminated before the Effective Date, (1) unless (A) such Spouse consents in writing not to receive such benefit and consents to the specific beneficiary designated by the Participant, (B) such consent acknowledges its own effect, and (C) such consent is witnessed by a notary public; or (2) unless the Participant establishes to the satisfaction of a Plan representative either that he has no Spouse, that his Spouse cannot be located, or that his Spouse's consent is not required under such other circumstances as are prescribed under governmental regulations.

(b)      Except as provided in this Section, each Participant shall have the unrestricted right at any time to designate the beneficiary or beneficiaries who shall receive, upon or after his death, his interest in the Fund by executing and filing with the Employee Benefit Plan Board a written instrument in such form as may be prescribed by the Employee Benefit Plan Board for that purpose.  Except as provided in this Section, the Participant shall have the unrestricted right to revoke and to change, at any time and from time to time, any beneficiaries previously designated by him by executing and filing with the Employee Benefit Plan Board a written instrument in such form as may be prescribed by the Employee Benefit Plan Board for that purpose.  No designation, revocation or change of beneficiaries shall be valid and effective unless and until filed with the Employee Benefit Plan Board.

If no designation is made, or if the beneficiaries named in such designation pre-decease the Participant, or if the beneficiary cannot be located by the Employee Benefit Plan Board, the interest of the deceased Participant shall be paid to the surviving spouse or if none, to the Participant's Domestic Partner, or if none, to the Participant’s estate.

The amount payable upon the death of a Participant shall be paid in Stock or cash as elected by the recipients.”

IN WITNESS WHEREOF, this Amendment No. 3 is executed this _______ day of _____________________, 2018.  

	
			
	 
	 
	PPL SERVICES CORPORATION

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	By:_________________________________

	 
	 
	Thomas J. Lynch

	 
	 
	Vice President & Chief Human Resources OfficerExhibit

Exhibit 4(a)-3

AMENDMENT NO. 2
TO
PPL EMPLOYEE STOCK OWNERSHIP PLAN

WHEREAS, PPL Services Corporation (“PPL”) has adopted the PPL Employee Stock Ownership Plan (“Plan”) effective January 1, 2000; and
WHEREAS, the Plan was amended and restated effective December 1, 2016, and subsequently amended by Amendment No. 1; and
NOW, THEREFORE, the Plan is hereby amended as follows:
		
	I.
	Effective December 1, 2018, Appendix A is amended to read as follows:

Appendix A
Participating Company
	
			
	Name
	Effective Date

	1.
	PPL Services Corporation

	July 1, 2000

	2.
	PPL Electric Utilities Corporation

	January 1, 1975

	3.
	PPL EnergyPlus, LLC
	July 14, 1998
(not participating as of June 1, 2015)

	4.
	PPL Generation, LLC
	July 1, 2000
(not participating as of June 1, 2015)

	5.
	PPL Brunner Island, LLC
	July 1, 2000
(not participating as of June 1, 2015)

	6.
	PPL Holtwood, LLC
	July 1, 2000
(not participating as of June 1, 2015)

	7.
	PPL Martins Creek, LLC
	July 1, 2000
(not participating as of June 1, 2015)

	8.
	PPL Montour, LLC
	July 1, 2000
(not participating as of June 1, 2015)

	
			
	9.
	PPL Susquehanna, LLC

	July 1, 2000
(not participating as of June 1, 2015)

	10.
	PPLSolutions, LLC

	January 1, 2002

	11.
	Lower Mount Bethel Energy, LLC
	September 30, 2002
(not participating as of June 1, 2015)

	12.
	PPL Development Company, LLC

	January 1, 2006

	13.
	PPL Global, LLC

	January 1, 2006

	14.
	PPL Energy Services Group, LLC
	September 25, 2006
(not participating as of June 1, 2015)

	15.
	PPL Interstate Energy Company
	January 1, 2008
(not participating as of June 1, 2015)

	16.
	PPL Strategic Development, LLC

	January 1, 2012

	17.
	PPL EnergyPlus Retail, LLC
	June 23, 2011
(not participating as of June 1, 2015)

	18.
	PPL Energy Supply, LLC
	September 17, 2012
(not participating as of June 1, 2015)

	19.
	PPL TransLink, Inc

	February 11, 2016

	20.
	PPL EU Services Corporation

	Effective January 1, 2015

	21.
	PPL Distributed Energy Resources, LLC
	December 1, 2018

II.    Except as provided in this Amendment No. 2, all other provisions of the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, this Amendment No. 2 is executed this _____ day of _______________, 2018.

	
			
	 
	 
	EMPLOYEE BENEFIT PLAN BOARD

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	By:_________________________________

	 
	 
	Julissa Burgos

	 
	 
	Chair, Employee Benefit Plan BoardExhibit

Exhibit 4(d)-6

FIFTH SUPPLEMENTAL INDENTURE

Dated as of January 2, 2019

FIFTH SUPPLEMENTAL INDENTURE, dated as of January 2, 2019, among Western Power Distribution plc, a company incorporated under the laws of England and Wales (“WPD” or the “Remaining Obligor”), PPL UK Distribution Holdings Limited (“PUDHL”), PPL UK Management Partners (“PLUMP”, and together with PUDHL, the “Assigning Obligors”), PPL UK Resources Limited (“PLURL” or the “New Obligor”), and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), a New York banking corporation, as Trustee under the Indenture, as defined below (the “Trustee”).
W I T N E S S E T H:
WHEREAS, WPD Holdings UK (the “Original Issuer”) has heretofore executed and delivered to the Trustee an indenture dated as of March 16, 2001 (as supplemented and amended, the “Indenture”), to provide for the issuance by it of its indebtedness;
WHEREAS, the Original Issuer has heretofore executed and delivered to the Trustee a first supplemental indenture dated as of March 16, 2001, to create multiple series of securities to be issuable under the Indenture, including one series of the Original Issuer’s 7.375% Notes Due 2028 (the “Securities”);
WHEREAS, the Original Issuer and PUDHL (formerly PPL WW Holdings Limited (formerly known as Western Power Distribution Holdings Limited)), have heretofore executed and delivered to the Trustee a second supplemental indenture dated as of January 30, 2003, to convey and transfer the Original Issuer’s properties and assets substantially as an entirety under the Indenture, the Securities and all other documents, agreements and instruments related thereto to PUDHL, as the successor entity, which thereby expressly assumed the Original Issuer’s applicable obligations on the Securities; 
WHEREAS, PUDHL and WPD have heretofore executed and delivered to the Trustee a third supplemental indenture dated as of October 31, 2014, under which WPD assumed, as full and equal co-obligor of PUDHL, all of PUDHL’s obligations under the Indenture and the Securities, and the performance or observance of every covenant of the Indenture and the Securities to be performed or observed;
WHEREAS, PUDHL, WPD, and PLUMP, have heretofore executed and delivered to the Trustee a fourth supplemental indenture dated as of December 1, 2016, under which PLUMP assumed, as full and equal co-obligor of PUDHL and WPD, all of PUDHL’s and WPD’s obligations under the Indenture and the Securities, and the performance or observance of every covenant of the Indenture and the Securities to be performed or observed;
WHEREAS, pursuant to Article One of this Fifth Supplemental Indenture, PLURL will assume, as full and equal co-obligor of WPD, all of the Remaining Obligor’s obligations under the Indenture and the Securities, and the performance or observance of every covenant of the Indenture and the Securities to be performed or observed;
WHEREAS, pursuant to the internal reorganization plan of the group of companies of which the Remaining Obligor, the Assigning Obligors, and the New Obligor are members, and in accordance with 

1

Article VIII (Section 801) and Article IX (Section 901) of the Indenture, PLURL, as a person that owns all of the ordinary shares of PUDHL, will assume by this Fifth Supplemental Indenture, as successor entity to PUDHL, all of its rights and obligations under the Indenture, the Securities, any supplemental indenture relating to the Securities, and all other documents, agreements, and instruments related thereto (the “PUDHL Transfer”). In addition, in accordance with Article VIII (Section 801) and Article IX (Section 901) of the Indenture, PLURL, as a person that owns all partnership interests in PLUMP, will assume by this Fifth Supplemental Indenture, as successor entity to PLUMP, all of its rights and obligations under the Indenture, the Securities, and any supplemental indenture relating to the Securities, and all other documents, agreements, and instruments related thereto (the “PLUMP Transfer” and together with the PUDHL Transfer, the “Succession”).
WHEREAS, pursuant to Article VIII and Article IX of the Indenture, the Remaining Obligor, the Assigning Obligors, the New Obligor, and the Trustee may enter into this Fifth Supplemental Indenture; and
WHEREAS, all other acts necessary to make this Fifth Supplemental Indenture a valid, binding and enforceable instrument, and all of the conditions and requirements set forth in the Indenture, have been performed and fulfilled and the execution and delivery of this Fifth Supplemental Indenture have been in all respects duly authorized.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Remaining Obligor, the Assigning Obligors, the New Obligor, and the Trustee hereby agrees for the other parties’ benefit, and for the equal ratable benefit of the Holders, as follows:
ARTICLE ONE 
ASSUMPTION OF OBLIGATIONS BY NEW OBLIGOR
Section 1.01    ASSUMPTION OF OBLIGATIONS BY NEW OBLIGOR. Each Assigning Obligor hereby agrees to assign and delegate all of its rights and obligations in relation to the Succession. The New Obligor hereby agrees that as of the date hereof, it expressly, and without any further action being necessary, assumes all of the Remaining Obligor’s and Assigning Obligors’ obligations under the Indenture and the Securities, and the due and punctual performance and observance of all the covenants and conditions to be performed or observed by the Remaining Obligor pursuant to the Indenture and the Securities in accordance with Section 801 of the Indenture, as if originally named the Company under the Indenture.
Section 1.02    WAIVER OF DISCHARGE OF OBLIGATIONS BY THE REMAINING OBLIGOR. The Remaining Obligor hereby agrees to waive the automatic release of its obligations under Section 801 of the Indenture; furthermore, the Remaining Obligor hereby agrees to waive the discharge under Section 802 of the Indenture of its obligations under the Indenture and the Securities; and without any further action being necessary, hereby reaffirms and agrees to comply with its obligations as the Company under the Indenture and the Securities and the due and punctual performance and observance of all the covenants and conditions to be performed or observed pursuant to the Indenture and the Securities in accordance with the Indenture.
Section 1.03    CO-OBLIGORS. Each of the Remaining Obligor and New Obligor hereby agrees to act as co-obligors, jointly and severally, and fully and unconditionally liable on the Securities; each shall be considered for purposes of the Indenture to be the issuer of the Securities; and the Indenture and the 

Securities shall be construed and/or deemed amended in light of, and in order to give full effect to, the foregoing.
ARTICLE TWO 
MISCELLANEOUS
Section 2.01    CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
Section 2.02    EXECUTION AS SUPPLEMENTAL INDENTURE. This Fifth Supplemental Indenture is executed as and shall constitute an Indenture supplemental to the Indenture, and the Indenture and this Fifth Supplemental Indenture shall form a part of the Indenture.
Section 2.03    CONFIRMATION. The Indenture as amended and supplemented by this Fifth Supplemental Indenture is in all respects confirmed and preserved.
Section 2.04    COUNTERPARTS. This Fifth Supplemental Indenture may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument.
Section 2.05    EFFECT OF HEADINGS. The Article and Section headings herein are for convenience only and shall not affect the construction hereof.
Section 2.06    SEPARABILITY CLAUSE. In case any provision in this Fifth Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
Section 2.07    GOVERNING LAW. This Fifth Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.
Section 2.08    TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no representation as to the validity or sufficiency of this Fifth Supplemental Indenture or the statements made in the recitals of this Fifth Supplemental Indenture.
[THE REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY]

IN WITNESS WHEREOF, the parties hereof have caused this Fifth Supplemental Indenture to be duly executed by their respective officers or directors duly authorized thereto, all as of the day and year first above written.
	
				
	 
	 
	Western Power Distribution plc

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	By:
	I. R. Williams

	 
	 
	Name:
	Ian Robert Williams

	
				
	 
	 
	PPL UK Resources Limited

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	By:
	I. R. Williams

	 
	 
	Name:
	Ian Robert Williams

	 
	 
	Title:
	Director

	
				
	 
	 
	PPL UK Distribution Holdings Limited

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	By:
	I. R. Williams

	 
	 
	Name:
	Ian Robert Williams

	 
	 
	Title:
	Director

	
				
	 
	 
	PPL UK Management Partners

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	By:
	I. R. Williams

	 
	 
	Name:
	Ian Robert Williams

	 
	 
	Title:
	Director

	
				
	 
	 
	Deutsche Bank Trust Company Americas,

	 
	 
	as Trustee

	 
	 
	 

	 
	 
	By:  Deutsche Bank National Trust Company

	 
	 
	 

	 
	 
	 

	 
	 
	By:
	Debra Schwalb

	 
	 
	Name:
	Debra A.  Schwalb

	 
	 
	Title:
	Vice President

	 
	 
	 
	 

	 
	 
	By:
	 

	 
	 
	Name:
	Irina Golovashchuk

	 
	 
	Title:
	Irina Golovashchuk

	 
	 
	 
	Vice President

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