0000922224-02-000026 Sample Contracts

Contract
Transition Property Servicing Agreement • November 6th, 2002 • Pp&l Transition Bond Co Inc • Asset-backed securities

Quarterly Servicer's Certificate PPL Transition Bond Company, LLC $2,420,000,000 Transition Bonds, Series 1999-1 Pursuant to Section 4 of Annex 1 the Intangible Transition Property Servicing Agreement dated as of August 10, 1999 (the "Servicing Agreement") between PPL Electric Utilities Corporation, as Servicer and PPL Transition Bond Company, LLC, as Issuer, the Servicer does hereby certify as follows: Capitalized terms used in the Quarterly Servicer's Certificate (the "Quarterly Certificate") have their respective meanings as set forth in the Servicing Agreement. References herein to the "Indenture" are to the Indenture dated as of August 10, 1999 between PPL Transition Bond Company, LLC, as issuer and The Bank of New York as Trustee. Billing Periods: June 2002, July 2002, August 2002 Payment Date: September 25, 2002

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FIRST AMENDMENT TO INTANGIBLE TRANSITION PROPERTY SERVICING AGREEMENT
Intangible Transition Property Servicing Agreement • November 6th, 2002 • Pp&l Transition Bond Co Inc • Asset-backed securities • Pennsylvania

First Amendment dated as of August 9, 2002 to Intangible Transition Property Servicing Agreement dated August 10, 1999 (the "Original Agreement" and as amended by this First Amendment, the "Agreement") between PPL Transition Bond Company, LLC (formerly, PP&L Transition Bond Company LLC) and PPL Electric Utilities Corporation (formerly, PP&L, Inc.).

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