Document:

Exhibit

Exhibit  4(a)

AMENDMENT NO. 12
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 January 1, 2002, and subsequently amended by Amendment No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 11; and
NOW, THEREFORE, the Plan is hereby amended as follows:
		
	I.
	Effective January 1, 2015, Article III Eligibility is amended to read as follows:

ARTICLE III 
ELIGIBILITY
		
	3.1
	Eligibility.

(a)    All persons who were participants in the Plan immediately prior to January 1, 2015 and who are in the employ of a Participating Company on January 1, 2015 shall remain Participants hereunder as of such date.  All Employees as of January 1, 2015 (but who are not eligible to participate under the preceding sentence) who have completed one year of Credited Service shall be Participants as of that date.  No employee hired after January 1, 2015 who is not subject to a collective bargaining agreement shall be a Participant.  Effective before July 31, 2006, other Employees shall become Participants on the first day of the calendar month next following the date on which an Employee completes one year of Credited Service, or if later, on which an individual becomes an 

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Employee.  Effective on and after July 31, 2006, but prior to January 1, 2015 for employees not subject to a collective bargaining agreement, other Employees shall become Participants on the first day of the calendar month next following the date on which an individual becomes an Employee.  A "year of Credited Service," for the purposes of this Article, shall require completion of at least 1,000 Hours of Service during the 12 months from commencement of employment.  An Employee who fails to complete 1,000 Hours of Service during his initial 12 months of employment shall complete a year of Credited Service as of the end of any Plan Year in which he completes 1,000 Hours of Service; provided, however, that the first Plan Year during which such Employee shall have the opportunity to complete such 1,000 Hours of Service shall include the anniversary of his commencement of employment.
(b)    An Employee may elect in writing not to become a Participant by filing such election with the Employee Benefit Plan Board.
3.2    Participation.  A Participant shall share in contributions under Article V for any Plan Year during which he (a) completes at least one Hour of Service and (b) receives Compensation.  A Participant shall cease to be a Participant on the date on which his entire Account is distributed to him.  Notwithstanding the foregoing, for Plan Year 1990, any Participant who is totally and permanently disabled shall share in contributions under Article V.
3.3    Reemployment after Break of Service.  In the event a Participant ceases to be an Employee and subsequently again becomes an Employee, he shall not be readmitted as a Participant if he is not subject to a collective bargaining agreement.

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II.    Except as provided in this Amendment No. 12, all other provisions of the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, this Amendment No. 12 is executed this _____ day of _______________, 2016.

PPL Services Corporation

By: __________________________________
Thomas J. Lynch
Vice President – Human Resources

3Exhibit

Exhibit 4(b)
AMENDMENT NO. 13
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 January 1, 2002, and subsequently amended by Amendment No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12; and
NOW, THEREFORE, the Plan is hereby amended as follows:
		
	I.
	Effective February 11, 2016, 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

II.    Except as provided in this Amendment No. 13, all other provisions of the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, this Amendment No. 13 is executed this _____ day of _______________, 2016.
	
		
	 
	EMPLOYEE BENEFIT PLAN BOARD

	 
	 

	 
	By: _______________________________ 
          Julissa Burgos 
          Chair, Employee Benefit Plan BoardExhibit

Exhibit 10(a)

SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT

THIS SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT, dated as of March [17], 2016 (this “Amendment”), to the Existing Credit Agreement (as defined below) is made by PPL CAPITAL FUNDING, INC., a Delaware corporation (the “Borrower”), PPL CORPORATION, a Pennsylvania corporation (the “Guarantor”) and each Lender (such capitalized term and other capitalized terms used in this preamble and the recitals below to have the meanings set forth in, or are defined by reference in, Article I below).
W I T N E S S E T H:
WHEREAS, the Borrower, the Guarantor, the Lenders and The Bank of Nova Scotia, as the Administrative Agent, Sole Lead Arranger and Sole Bookrunner, are all parties to the Revolving Credit Agreement, dated as of March 26, 2014 (as amended or otherwise modified prior to the date hereof, the “Existing Credit Agreement”, and as amended by this Amendment and as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, the Borrower has requested that the Lenders amend the Existing Credit Agreement in order to extend the maturity date therein and the Lenders are willing to modify the Existing Credit Agreement on the terms and subject to the conditions hereinafter set forth;
NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:
ARTICLE I
DEFINITIONS
SECTION 1.1.  Certain Definitions.  The following terms when used in this Amendment shall have the following meanings (such meanings to be equally applicable to the singular and plural forms thereof):
“Amendment” is defined in the preamble.
“Borrower” is defined in the preamble.
“Credit Agreement” is defined in the first recital. 
“Existing Credit Agreement” is defined in the first recital.
“Guarantor” is defined in the preamble.
SECTION 1.2.  Other Definitions.  Terms for which meanings are provided in the Existing Revolving Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used in this Amendment with such meanings.

ARTICLE II
AMENDMENTS TO THE EXISTING CREDIT AGREEMENT

Effective as of the date hereof, but subject to the satisfaction of the conditions in Article III, 
(a)    Section 1.1 of the Existing Credit Agreement is hereby amended by amending and restating the definition of  “Termination Date” as follows:
“Termination Date” means the earliest to occur of (i) March 17, 2017 and (ii) such earlier date upon which all Commitments shall have been terminated in their entirety in accordance with this Agreement.
(b)    Sections 5.04(a), 5.04(c), 5.05 and 5.13 of the Existing Credit Agreement are hereby amended by replacing references to “December 31, 2014” with “December 31, 2015”. 
ARTICLE III
CONDITIONS TO EFFECTIVENESS

This Amendment and the amendments contained herein shall become effective as of the date hereof when each of the conditions set forth in this Article III shall have been fulfilled to the satisfaction of the Administrative Agent.
SECTION 3.1.  Counterparts.  The Administrative Agent shall have received counterparts hereof executed on behalf of the Borrower, the Guarantor and the each of the Lenders.
SECTION 3.2.  Costs and Expenses, etc.  The Administrative Agent shall have received for the account of each Lender, all fees, costs and expenses due and payable pursuant to Section 9.03 of the Credit Agreement, if then invoiced.
SECTION 3.3.  Resolutions, etc.  The Administrative Agent shall have received from the Borrower and the Guarantor (i) a copy of a good standing certificate for such Loan Party, dated a date reasonably close to the date hereof and (ii) a certificate, dated as of the date hereof, of a Secretary or an Assistant Secretary of each Loan Party certifying (A) that attached thereto is a true, correct and complete copy of (x) the articles or certificate of incorporation of such Loan Party certified by the Secretary of State (or equivalent body) of the jurisdiction of incorporation of such Loan Party and (y) the bylaws of such Loan Party, and (b) that attached thereto is a true, correct and complete copy of resolutions adopted by the board of directors of such Loan Party authorizing the execution, delivery and performance of this Amendment and each other document delivered in connection herewith and that such resolutions have not been amended and are in full force.
SECTION 3.4.  Opinion of Counsel.  The Administrative Agent shall have received an opinion, dated the date hereof and addressed to the Administrative Agent and all Lenders, from counsel to the Borrower, in form and substance satisfactory to the Administrative Agent.

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SECTION 3.5.  Satisfactory Legal Form.  The Administrative Agent and its counsel shall have received all information, and such counterpart originals or such certified or other copies of such materials, as the Administrative Agent or its counsel may reasonably request, and all legal matters incident to the effectiveness of this Amendment shall be satisfactory to the Administrative Agent and its counsel.  All documents executed or submitted pursuant hereto or in connection herewith shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel.
ARTICLE IV
MISCELLANEOUS
SECTION 4.1.  Cross-References.  References in this Amendment to any Article or Section are, unless otherwise specified, to such Article or Section of this Amendment.
SECTION 4.2.  Loan Document Pursuant to Existing Credit Agreement.  This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.
SECTION 4.3.  Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
SECTION 4.4.  Counterparts.  This Amendment may be executed by the parties hereto in several counterparts, each of which when executed and delivered shall be an original and all of which shall constitute together but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a manually executed counterpart of this Amendment.
SECTION 4.5.  Governing Law.  THIS AMENDMENT WILL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5‐1401 AND 5‐1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).
SECTION 4.6.  Full Force and Effect; Limited Amendment.  Except as expressly amended hereby, all of the representations, warranties, terms, covenants, conditions and other provisions of the Existing Credit Agreement and the Loan Documents shall remain unchanged and shall continue to be, and shall remain, in full force and effect in accordance with their respective terms.  The amendments set forth herein shall be limited precisely as provided for herein to the provisions expressly amended herein and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the Existing Credit Agreement or any other Loan Document or of any transaction or further or future action on the part of any Obligor which would require the consent of the Lenders under the Existing Credit Agreement or any of the Loan Documents.
SECTION 4.7.  Representations and Warranties.  In order to induce the Lenders to execute and deliver this Amendment, the Borrower and Guarantor each hereby represents and warrants to the Lenders, on the date this Amendment becomes effective pursuant to Article III, that both before 

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and after giving effect to this Amendment, all representations and warranties set forth in Article V of the Credit Agreement are true and correct as of such date, except to the extent that any such statement expressly relates to an earlier date (in which case such statement was true and correct on and as of such earlier date).

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first above written.

PPL CAPITAL FUNDING, INC., as the Borrower

By:__________________________
             Name:
             Title:

PPL CORPORATION, as the Guarantor

By:__________________________
      Name:
      Title:

THE BANK OF NOVA SCOTIA, as the Administrative Agent and as a Lender

By:__________________________
      Name:
      Title: 

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