FIFTH AMENDMENT TO REIMBURSEMENT AGREEMENT
THIS FIFTH AMENDMENT TO REIMBURSEMENT AGREEMENT, dated as of November 1,
2006 (this “ Amendment ”), to the Existing Reimbursement Agreement (as defined below) is made by PPL
ENERGY SUPPLY, LLC, a Delaware limited liability company (the “ Account Party ”), and certain of the
Lenders (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 Account Party, the Lenders and The Bank of Nova Scotia, as the Issuer and as
Administrative Agent, are all parties to the Reimbursement Agreement, dated as of March 31, 2005 (as amended
or otherwise modified prior to the date hereof, the “ Existing Reimbursement 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 “ Reimbursement Agreement ”);
WHEREAS, the Account Party has requested that the Lenders amend the definition of “Incorporated
Agreement” under the Existing Reimbursement Agreement and the Lenders are willing, on the terms and subject
to the conditions hereinafter set forth, to modify such definition as set forth below;
NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:
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):
“ Account Party ” is defined in the preamble .
“ Amendment ” is defined in the preamble .
“ Amendment Effective Date ” is defined in Article III .
“ Existing Reimbursement Agreement ” is defined in the first recital .
“ Reimbursement Agreement ” is defined in the first recital .
Other Definitions . Terms for which meani