Document:

Form of Officer's Certificate - PPL Electric Utilities Corporation

 Exhibit 4.15 
 PPL ELECTRIC UTILITIES CORPORATION 
 OFFICER’S CERTIFICATE 
 (under Sections 201 and 301 of the Indenture, 
 dated as of August 1, 2001) 
 Establishing the Form and Certain Terms of the 
 Senior Secured Bonds,         % Series due
                     
             ,          
 The undersigned,                     , [Treasurer] of PPL Electric Utilities Corporation (the “Company”), pursuant to Supplemental
Indenture No.      dated as of             ,          (“Supplemental Indenture No.     ”) (all
capitalized terms used herein which are not defined herein but are defined in the Indenture referred to below, shall have the meanings specified in the Indenture, as supplemented by Supplemental Indenture No.     ), and Sections
201 and 301 of the Indenture of the Company dated as of August 1, 2001 (as heretofore supplemented, the “Indenture”), to The Bank of New York Mellon, as trustee (the “Trustee”), does hereby establish for the series of
Securities established in Supplemental Indenture No.      the following terms and characteristics (the lettered clauses set forth herein corresponding to such clauses in said Section 301): 
 (a) the title of the Securities of such series shall be “Senior Secured Bonds,         % Series due
                     (the “Bonds”); 
 (b) the aggregate principal amount of Bonds which may be authenticated and delivered under the Indenture shall be limited to $            , except as contemplated in
Section 301(b) and the last paragraph of Section 301 of the Indenture; 
 (c) interest on the Bonds shall be payable to the Person
or Persons in whose names the Bonds are registered at the close of business on the Regular Record Date for such interest, except as otherwise expressly provided in the form of Bond attached hereto and hereby authorized and approved; 
 (d) the principal shall be due and payable on
                    ; [and the Company shall not have the right to extend the Maturity of the Bonds as contemplated in Section 301(d) of the
Indenture]; 
 (e) as provided in the form of Bond attached as Exhibit A hereto, the Bonds shall bear interest at a fixed rate of
        % per annum; the Interest Payment Dates for the Bonds shall be                      and
                     of each year, commencing
                    ; the Regular Record Date for the interest payable on any Interest Payment Date with respect to the Bonds shall be the close of
business on the                      or
                     (whether or not a Business Day) immediately preceding such Interest Payment Date; [and the Company shall not have any right to
extend any interest payment periods for the Bonds as contemplated in Sections 301(e) and 312 of the Indenture]; 
 (f) the Corporate Trust
Office of the Trustee in New York, New York shall be the office or agency of the Company at which the principal of and any premium and interest on the Bonds at Maturity shall be payable, at which registration of transfers and exchanges of the Bonds
may be effected and at which notices and demands to or upon the Company in respect of the Bonds and the Indenture may be served; and the Trustee will initially be the Security Registrar and the Paying Agent for the Bonds; provided, however, that the
Company reserves the right to change, by one or more Officer’s Certificates, any such office or agency and such agent; each installment of interest on a Bond shall be payable as provided in Exhibit A hereto; 

 (g) the Bonds shall be redeemable[, in whole or in part, at the option of the Company] as and to the
extent provided in Exhibit A hereto; 
 (h) inapplicable; 
 (i) the Bonds shall be issued in denominations of $1,000 and any integral multiple of $1,000 in excess thereof; 
 (j) inapplicable; 
 (k) inapplicable; 
 (l) inapplicable; 
 (m) inapplicable; 
 (n) inapplicable; 
 (o) [reference is hereby
made to the provisions of Supplemental Indenture No.      for certain covenants of the Company for the benefit of the Holders of the Bonds, in addition to those set forth in Article Seven of the Indenture;] 
 (p) inapplicable; 
 (q) the only obligations
or instruments that shall be considered Eligible Obligations in respect of the Bonds shall be Government Obligations; and the provisions of Section 801 of the Indenture as supplemented by Section 104 of the Supplemental Indenture No.
     shall apply to the Bonds; 
 (r) the Bonds shall be initially issued in global form and the depository for the
global Bonds shall initially be The Depository Trust Company (“DTC”); provided, that the Company reserves the right to provide for another depository, registered as a clearing agency under the Exchange Act, to act as depository for the
global Bonds (DTC and any such successor depository, the “Depository”); beneficial interests in Bonds issued in global form may not be exchanged in whole or in part for individual certificated Bonds in definitive form, and no transfer of a
global Bond in whole or in part may be registered in the name of any Person other than the Depository or its nominee except that (i) if the Depository (A) has notified the Company that it is unwilling or unable to continue as depository
for the global Bonds or (B) has ceased to be a clearing agency registered under the Exchange Act and, in either case, a successor depository for such global bonds has not been appointed by the Company within 90 days of such notice or cessation,
the Company will execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Bonds, will authenticate and deliver Bonds in definitive certificated form in an aggregate principal amount equal to the
principal amount of the global Bonds representing such Bonds in exchange for such global Bond, such definitive Bonds to be registered in the names provided by the Depository; each global Bond (i) shall represent and shall be denominated in an
amount equal to the aggregate principal amount of the outstanding Bonds to be represented by such global Bond, (ii) shall be registered in the name of the Depository or its nominee, (iii) shall be delivered by the Trustee to the
Depository, its nominee, any custodian for the Depository or otherwise pursuant to the Depository’s instruction and (iv) shall bear a legend restricting the transfer of such global Bond to any person other than the Depository or its
nominee; none of the Company, the Trustee, any Paying Agent or any Authenticating Agent will have any responsibility or liability for any aspect of the records relating to, or payments made on account of, beneficial ownership interests in a global
Bond or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests; the Bonds in global 

  

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form will contain restrictions on transfer, substantially as described in the form set forth in Exhibit A hereto; 
 (s) inapplicable; 
 (t) reference is made to
clause (r) above; no service charge shall be made for the registration of transfer or exchange of the Bonds; provided, however, that the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with the exchange or transfer; 
 (u) inapplicable; 
 (v) inapplicable; and 
 (w) except as
otherwise determined by the proper officers of the Company and communicated to the Trustee in a Company Order or as established in one or more Officer’s Certificates supplemental to this Officer’s Certificate, the Bonds shall be in
substantially the form of Bond attached hereto, which form is hereby authorized and approved, and shall have such further terms as are set forth in such form; 
  

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 IN WITNESS WHEREOF, I have executed this Officer’s Certificate this      day of
             in New York, New York. 
  

	
	  

	Name:
	Title:

  

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 EXHIBIT A 
 [FORM OF BOND] 
 [Unless this certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation (“DTC”), to PPL Electric Utilities Corporation or its agent for registration of transfer, exchange, or payment, and any certificate to be issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.] 
  

			
	$            	  	CUSIP No.                     
		
	No. R-    	  	
		
	Stated Maturity Date:                     	  	

 PPL ELECTRIC UTILITIES CORPORATION 
 SENIOR SECURED BOND,         % SERIES DUE
                     
 PPL ELECTRIC UTILITIES
CORPORATION, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein referred to as the “Company,” which term includes any successor Person under the Indenture referred to below), for value
received, hereby promises to pay to                     , or to its registered assigns, the principal sum of
                     Dollars ($            ) on
                     (the “Stated Maturity Date”), and to pay interest on said principal sum semi-annually in arrears on
                     and                      of
each year commencing                      (each, an “Interest Payment Date”) at the rate of
        % per annum until the principal hereof is paid or made available for payment. Interest on the Securities of this series will accrue from and including
                    , to and excluding the first Interest Payment Date, and thereafter will accrue from and including the last Interest Payment Date
to which interest has been paid or duly provided for. No interest will accrue on the Securities of this Series with respect to the day on which the Securities mature. 
 In the event that any Interest Payment Date is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other
payment in respect of such delay) with the same force and effect as if made on the Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the                      or
                    , whether or not a Business Day, (each such date a “Regular Record Date”) immediately preceding such Interest Payment
Date, except that interest payable at Maturity will be payable to the Person to whom principal shall be paid. Any such interest not so punctually paid or duly provided for will forthwith cease to be 

  

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payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in the Indenture referred to herein. Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months, and with respect to any period less than a full calendar month, on the basis of the actual
number of days elapsed during that period. 
 Payment of the principal of (and premium, if any) and interest at Maturity on this Security
shall be made upon presentation of this Security at the corporate trust office of The Bank of New York Mellon in New York, New York, or at such other office or agency as may be designated for such purpose by the Company from time to time, in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, and payment of interest, if any, on this Security (other than interest payable at Maturity) shall be made by check
mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, provided that if such Person is a securities depositary, such payment may be made by such other means in lieu of check as shall be agreed
upon by the Company, the Trustee and such Person. 
 This Security is one of a duly authorized issue of securities of the Company (herein
called the “Securities”), issued and in one or more series under an Indenture dated as of August 1, 2001 (herein, together with any amendments or supplements thereto, called the “Indenture,” which term shall have the meaning
assigned to it in such instrument), between the Company and The Bank of New York (as successor to JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank)), as Trustee (herein called the “Trustee,” which term includes any
successor trustee under the Indenture), and reference is hereby made to the Indenture, including Supplemental Indenture No.      thereto, for a statement of the property mortgaged, pledged and held in trust, the nature and extent
of the security, the conditions upon which the Lien of the Indenture may be released and the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms
upon which the Securities are, and are to be, authenticated and delivered. The acceptance of this Security shall be deemed to constitute the consent and agreement by the Holder thereof to all of the terms and provisions of the Indenture. This
Security is one of the series designated on the face hereof. 
 [Insert provisions, if any, for redemption or purchase or other put or call
provisions.] 
 Notice of redemption (other than at the option of the Holder) shall be given by mail to Holders of Securities, not less than
30 days nor more than 60 days prior to the date fixed for redemption, all as provided in the Indenture. As provided in the Indenture, notice of redemption at the election of the Company as aforesaid may state that such redemption shall be
conditional upon the receipt by the applicable Paying Agent or Agents of money sufficient to pay the principal of and premium, if any, and interest, if any, on this Security on or prior to the date fixed for such redemption; a notice of redemption
so conditioned shall be of no force or effect if such money is not so received and, in such event, the Company shall not be required to redeem this Security. Notwithstanding Section 504 of the Indenture, any such notice of redemption need not
set forth the redemption price but only the manner of calculation thereof. 
 In the event of redemption of this Security in part only, a new
Security or Securities of this series of like tenor representing the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 
  

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 If an Event of Default with respect to the Securities of this series shall occur and be continuing, the
principal of this Security may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture
contains provisions for defeasance at any time of the entire indebtedness of this Security upon compliance with certain conditions set forth in the Indenture. 
 The Indenture contains provisions for release of the Lien thereof upon compliance with certain conditions set forth therein. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each
series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the Securities of all series affected at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of
this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless (a) such Holder shall have previously given the Trustee written notice of a continuing Event of Default; (b) the Holders of
25% in aggregate principal amount of the Outstanding Securities shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity; (c) the Trustee
shall not have received from the Holders of a majority in aggregate principal amount of the Outstanding Securities a direction inconsistent with such request; and (d) shall have failed to institute any such proceeding, for 60 days after receipt
of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective
due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 The Securities of this series are issuable only in registered form without coupons, and in denominations of $1,000 and integral multiples thereof. As
provided in the Indenture and subject to certain limitations therein and herein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of the same series and tranche of like tenor and of authorized
denominations, as requested by the Holder surrendering the same. 
 [In addition, subject to certain limitations set forth herein and in the
Indenture, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office of The Bank of New York Mellon in New York, New York, or such other office or agency as may
be designated by the Company from time to time, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Trustee, duly executed by the Holder 

  

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hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series of authorized denominations and of like tenor and
aggregate principal amount, will be issued to the designated transferee or transferees.] 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The Company shall not be required to execute and the Security Registrar shall not be required to register the transfer of or exchange of
(a) Securities of this series during a period of 15 days immediately preceding the date notice is given identifying the serial numbers of the Securities of this series called for redemption or (b) any Security so selected for redemption in
whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes (subject to Sections 305 and 307 of the
Indenture), whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 The Indenture and this Security shall be governed by and construed in accordance with the laws of the State of New York (including, without limitation, Section 5-1401 of the New York General Obligations Law or
any successor to such statute), except to the extent that the Trust Indenture Act shall be applicable and except to the extent that the law of the any other jurisdiction shall mandatorily govern. 
 As used herein, “Business Day” means any day, other than a Saturday or Sunday, that is not a day on which banking institutions or trust
companies in The City of New York, New York, or other city in which a paying agent for such Security is located, are generally authorized or required by law, regulation or executive order to remain closed. All other terms used in this Security that
are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 As provided in the Indenture, no recourse shall be
had for the payment of the principal of or premium, if any, or interest on any Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation,
covenant or agreement under the Indenture, against, and no personal liability whatsoever shall attach to, or be incurred by, any incorporator, stockholder, member, officer or director, as such, past, present or future of the Company or of any
predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise; it being expressly agreed and understood that the Indenture and all the Securities are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the
consideration for, the execution of the Indenture and the issuance of the Securities. 
  

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 Unless the certificate of authentication hereon has been executed by the Trustee referred to herein by
manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed in New York, New York. 
  

			
	PPL ELECTRIC UTILITIES CORPORATION
		
	By:	 	  

 [FORM OF CERTIFICATE OF AUTHENTICATION] 
 CERTIFICATE OF AUTHENTICATION 
 This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
 Dated:
             
  

			
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 A-5Form of Supplemental Indenture - PPL Capital Funding, Inc.

 EXHIBIT 4.17 
 PPL CAPITAL FUNDING, INC., 
 Issuer 
 and 
 PPL CORPORATION, 
 Guarantor 
 TO 
 THE BANK OF NEW YORK MELLON, 
 Trustee 
  
  
 Supplemental Indenture No.      
 Dated as of              
 Supplemental to the Subordinated Indenture 
 dated as of
             
 Establishing a series of Securities designated 

     % Subordinated Debentures, Series      
 initially limited in aggregate principal amount to $             

 SUPPLEMENTAL INDENTURE No.     , dated as of
             among PPL CAPITAL FUNDING, INC., a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), PPL
CORPORATION, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein called the “Guarantor”), and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Trustee (herein
called the “Trustee”), under the Subordinated Indenture dated as of              (hereinafter called the “Original Indenture”), this Supplemental Indenture
No.      being supplemental thereto. The Original Indenture and any and all indentures and instruments supplemental thereto are hereinafter sometimes collectively called the “Indenture.” 
 Recitals of the Company and the Guarantor 
 The Original Indenture was authorized, executed and delivered by the Company and the Guarantor to provide for the issuance by the Company from time to time of its Securities (such term and all other capitalized terms used herein without
definition having the meanings assigned to them in the Original Indenture), to be issued in one or more series as contemplated therein, and for the Guarantee by the Guarantor of the payment of the principal, premium, if any, and interest, if any, on
such Securities. 
 As contemplated by Sections 301 and 1201(f) of the Original Indenture, the Company wishes to establish a series of
Securities to be designated “    % Subordinated Debentures, Series     ” to be limited in aggregate principal amount (except as contemplated in Section 301(b) and the last paragraph of
Section 301 of the Original Indenture) to $            , such series of Securities to be hereinafter sometimes called “Series No.    .” 
 As contemplated by Section 201 and 1415 of the Original Indenture, the Guarantor wishes to establish the form and terms of the Guarantees to be
endorsed on the Securities of Series No. 1. 
 The Company has duly authorized the execution and delivery of this Supplemental Indenture
No.      to establish the Securities of Series No.      and has duly authorized the issuance of such Securities; the Guarantor has duly authorized the execution and delivery of this Supplemental
Indenture No.      and has duly authorized its Guarantees of the Securities of Series No.     . All acts necessary to make this Supplemental Indenture No.      a valid
agreement of the Company and the Guarantor, to make the Securities of Series No.      valid obligations of the Company, and to make the Guarantees valid obligations of the Guarantor, have been performed. 
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE No. 1 WITNESSETH: 
 For and in consideration of the premises and of the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities of
Series No.     , as follows: 

 ARTICLE ONE 
 First Series of Securities 
 Section 1. There is hereby created a series of Securities
designated “    % Subordinated Debentures, Series     ” and limited in aggregate principal amount (except as contemplated in Section 301(b) and the last paragraph of Section 301 of the
Original Indenture) to $            . The forms and terms of the Securities of Series No.      shall be established in an Officers’ Certificate of the Company,
as contemplated by Section 301 of the Original Indenture. 
 Section 2. The Company hereby agrees that, if the Company shall
make any deposit of money and/or Eligible Obligations with respect to any Securities of Series No.     , or any portion of the principal amount thereof, as contemplated by Section 701 of the Original Indenture, the
Company shall not deliver an Officers’ Certificate described in clause (z) in the first paragraph of said Section 701 unless the Company shall also deliver to the Trustee, together with such Officers’ Certificate, either:

 (A) an instrument wherein the Company, notwithstanding the satisfaction and discharge of its indebtedness in respect of
such Securities, shall assume the obligation (which shall be absolute and unconditional) to irrevocably deposit with the Trustee or Paying Agent such additional sums of money, if any, or additional Eligible Obligations (meeting the requirements of
Section 701), if any, or any combination thereof, at such time or times, as shall be necessary, together with the money and/or Eligible Obligations theretofore so deposited, to pay when due the principal of and premium, if any, and interest due
and to become due on such Securities or portions thereof, all in accordance with and subject to the provisions of said Section 701; provided, however, that such instrument may state that the obligation of the Company to make additional deposits
as aforesaid shall arise only upon the delivery to the Company by the Trustee of a notice asserting the deficiency and showing the calculation thereof and shall continue only until the Company shall have delivered to the Trustee an opinion of an
independent public accountant of nationally recognized standing to the effect that no such deficiency exists and showing the calculation of the sufficiency of the deposits then held by the Trustee; or 
 (B) an Opinion of Counsel to the effect that the Holders of such Securities, or portions of the principal amount thereof, will not
recognize income, gain or loss for United States federal income tax purposes as a result of the satisfaction and discharge of the Company’s indebtedness in respect thereof and will be subject to United States federal income tax on the same
amounts, at the same times and in the same manner as if such satisfaction and discharge had not been effected. 
 Section 3.
[Additional covenants and other provisions] 
  

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 ARTICLE TWO 
 Form of Guarantee 
 Guarantees to be endorsed on the Securities of Series
No.      shall be in substantially the form set forth below: 
 [FORM OF GUARANTEE] 
 PPL Corporation, a corporation organized under the laws of the Commonwealth of Pennsylvania (the “Guarantor”, which term
includes any successor under the Indenture (the “Indenture”) referred to in the Security upon which this Guarantee is endorsed), for value received, hereby fully and unconditionally guarantees to the Holder of the Security upon which this
Guarantee is endorsed, the due and punctual payment of the principal of, and premium, if any, and interest, if any, on such Security when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration,
call for redemption, or otherwise, in accordance with the terms of such Security and of the Indenture. In case of the failure of PPL Capital Funding, Inc., a corporation organized under the laws of the State of Delaware (the “Company”,
which term includes any successor under the Indenture), punctually to make any such payment, the Guarantor hereby agrees to cause such payment to be made punctually when and as the same shall become due and payable, whether at the Stated Maturity or
by declaration of acceleration, call for redemption or otherwise, and as if such payment were made by the Company. 
 The
Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or the Indenture, any failure to enforce the
provisions of such Security or the Indenture, or any waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or the Trustee or any other circumstance which may otherwise constitute a legal or
equitable discharge or defense of a surety or guarantor; provided, however, that notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the consent of the Guarantor, increase the principal amount of such Security,
or increase the interest rate thereon, or change any redemption provisions thereof (including any change to increase any premium payable upon redemption thereof) or change the Stated Maturity thereof. 
 The Guarantor hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the Trustee or the Holder of
such Security exhaust any right or take any action against the Company or any other Person, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest
or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged in respect of such Security except by complete 

  

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performance of the obligations contained in such Security and in this Guarantee. This Guarantee shall constitute a guaranty of payment and not of collection.
The Guarantor hereby agrees that, in the event of a default in payment of principal, or premium, if any, or interest, if any, on such Security, whether at its Stated Maturity, by declaration of acceleration, call for redemption, or otherwise, legal
proceedings may be instituted by the Trustee on behalf of, or by, the Holder of such Security, subject to the terms and conditions set forth in the Indenture, directly against the Guarantor to enforce this Guarantee without first proceeding against
the Company. 
 The obligations of the Guarantor hereunder with respect to such Security shall be continuing and irrevocable
until the date upon which the entire principal of, premium, if any, and interest, if any, on such Security has been, or has been deemed pursuant to the provisions of Article Seven of the Indenture to have been, paid in full or otherwise discharged.

 The obligations evidenced by this Guarantee are, to the extent provided in the Indenture, subordinated and subject in right
of payment to the prior payment in full of all Senior Indebtedness (as defined in the Indenture) of the Guarantor, and this Guarantee is issued subject to the provisions of the Indenture with respect thereto. Each Holder of a Security upon which
this Guarantee is endorsed, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or
effectuate the subordination so provided and (c) appoints the Trustee his attorney-in fact for any and all such purposes. Each Holder hereof, by his acceptance hereof, hereby waives all notice of the acceptance of the subordination provisions
contained herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter incurred, and waives reliance by each such Holder upon said provisions. 
 The Guarantor shall be subrogated to all rights of the Holder of such Security upon which this Guarantee is endorsed against the Company
in respect of any amounts paid by the Guarantor on account of such Security pursuant to the provisions of this Guarantee or the Indenture; provided, however, that the Guarantor shall not be entitled to enforce or to receive any payments arising out
of, or based upon, such right of subrogation until the principal of, and premium, if any, and interest, if any, on all Securities issued under the Indenture shall have been paid in full. 
 This Guarantee shall remain in full force and effect and continue notwithstanding any petition filed by or against the Company for
liquidation or reorganization, the Company becoming insolvent or making an assignment for the benefit of creditors or a receiver or trustee being appointed for all or any significant part of the Company’s assets, and shall, to the fullest
extent permitted by law, continue to be effective or reinstated, as the case may be, if at any time payment of the Security upon which this Guarantee is endorsed, is, pursuant to 

  

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applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by the Holder of such Security, whether as a “voidable
preference,” “fraudulent transfer,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned on such Security, such
Security shall, to the fullest extent permitted by law, be reinstated and deemed paid only by such amount paid and not so rescinded, reduced, restored or returned. 
 This Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication of the Security upon which this
Guarantee is endorsed shall have been manually executed by or on behalf of the Trustee under the Indenture. 
 All terms used
in this Guarantee which are defined in the Indenture shall have the meanings assigned to them in such Indenture. 
 This
Guarantee shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of the State of New York. 
 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be executed as of the date first written above. 
  

			
	PPL CORPORATION
		
	By:	 	  

		 	

 [END OF FORM] 
 ARTICLE THREE 
 Miscellaneous Provisions 
 Section 1. This Supplemental Indenture No.      is a supplement to the Original Indenture. As supplemented by this
Supplemental Indenture No.     , the Indenture is in all respects ratified, approved and confirmed, and the Original Indenture and this Supplemental Indenture No.      shall together constitute one
and the same instrument. 
 Section 2. The recitals contained in this Supplemental Indenture No.     
shall be taken as the statements of the Company and the Guarantor, and the Trustee assumes no responsibility for their correctness and makes no representations as to the validity or sufficiency of this Supplemental Indenture
No.     . 
 Section 3. This instrument may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
No.      to be duly executed as of the day and year first written above. 
  

			
	 PPL CAPITAL FUNDING, INC.

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 PPL CORPORATION

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 6

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