ContractJanuary 25th, 2023
FiledJanuary 25th, 2023FORM OF SERVICER'S PAYMENT CERTIFICATE Pursuant to Section 4.01(e)(ii) of the Default Property Servicing Agreement, dated as of November 12, 2021 (the "Servicing Agreement"), between, Electric Reliability Council of Texas Inc., as Servicer and Texas Electric Market Stabilization Funding M LLC, as Issuer, the Servicer does hereby certify, for the February 1, 2023 Payment Date (the "Current Payment Date"), as follows: Capitalized terms used herein have their respective meanings as set forth in the Indenture. References herein to certain sections and subsections are references to the respective sections of the Default Property Servicing Agreement or the Indenture, as the context indicates. Collection Periods: August 2022 to January 2023 Payment Date: February 1, 2023 1. Collections Allocable, Investments Earnings and Aggregate Amounts Available for the Current Payment Date: i. Remittances for the 8/22 Collection Period $3,761,984.97 ii. Remittances for the 9/22 Collection Period $3,7