SEC Contract Filing

Filing Date: 2016-02-19

Document Content:
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<TYPE>EX-10.C2
<SEQUENCE>3
<FILENAME>exhibit10c-2.htm
<DESCRIPTION>EXHIBIT 10(C)-2
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10(c)-2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXECUTION VERSION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS FIRST AMENDMENT TO REVOLVING CREDIT
AGREEMENT, dated as of March 17, 2015 (this &#8220;<U>Amendment</U>&#8221;), to the Existing Credit Agreement (as defined below)
is made by PPL CAPITAL FUNDING, INC., a Delaware corporation (the &#8220;<U>Borrower</U>&#8221;), PPL CORPORATION, a Pennsylvania
corporation (the &#8220;<U>Guarantor</U>&#8221;) 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, <U>Article I</U> below).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>W I T N E
S S E T H</U>:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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 &#8220;<U>Existing
Credit Agreement</U>&#8221;, 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 &#8220;<U>Credit Agreement</U>&#8221;); and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, the parties hereto hereby
covenant and agree as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE
I<BR>
<FONT STYLE="text-transform: none">DEFINITIONS</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION
1.1. </FONT><U>Certain Definitions</U>. 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):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8220;<U>Amendment</U>&#8221; is defined
in the <U>preamble</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8220;<U>Borrower</U>&#8221; is defined
in the <U>preamble</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8220;<U>Credit Agreement</U>&#8221; is
defined in the <U>first recital</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8220;<U>Existing Credit Agreement</U>&#8221;
is defined in the <U>first recital</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8220;<U>Guarantor</U>&#8221; is defined
in the <U>preamble</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION
1.2. </FONT><U>Other Definitions</U>. 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.</P>

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