Sub-Servicing Agreement



 Exhibit 10.13 
 CONFIDENTIAL TREATMENT 
 [***] Indicates that text has been omitted, which is
the subject of a confidential 
 treatment request. This text has been separately filed with the SEC. 

EXECUTION COPY 
  

 
  

SUB-SERVICING AGREEMENT 
 between 
 GENERAL ELECTRIC CAPITAL CORPORATION, 

as Servicer, 

and 

NBCUNIVERSAL MEDIA, LLC, 
 as Sub-Servicer 
 Dated as of February 4, 2011 

 
  

 

  








 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	DEFINITIONS AND INTERPRETATION	  	 	1	  
			
	 Section 1.1
	 	 Definitions
	  	 	1	  
			
	 Section 1.2
	 	 Other Interpretive Matters
	  	 	5	  
			
	 ARTICLE II
	 	APPOINTMENT OF SUB-SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF SUB-SERVICER; REMOVAL AND RESIGNATION OF SUB-SERVICER	  	 	5	  
			
	 Section 2.1
	 	 Appointment of Sub-Servicer
	  	 	5	  
			
	 Section 2.2
	 	 Duties and Responsibilities of Sub-Servicer
	  	 	6	  
			
	 Section 2.3
	 	 Reporting Requirements
	  	 	6	  
			
	 Section 2.4
	 	 Sub-Servicing Fees
	  	 	7	  
			
	 Section 2.5
	 	 Resignation of Sub-Servicer
	  	 	7	  
			
	 Section 2.6
	 	 Termination of Sub-Servicer
	  	 	7	  
			
	 Section 2.7
	 	 Effect of Termination or Resignation
	  	 	7	  
			
	 Section 2.8
	 	 Appointment of a Successor Sub-Servicer
	  	 	8	  
			
	 Section 2.9
	 	 Additional Duties of Sub-Servicer
	  	 	8	  
			
	 Section 2.10
	 	 Notice to Obligors
	  	 	8	  
			
	 ARTICLE III
	 	REPRESENTATIONS AND WARRANTIES	  	 	9	  
			
	 Section 3.1
	 	 Representations and Warranties of Sub-Servicer
	  	 	9	  
			
	 ARTICLE IV
	 	COVENANTS	  	 	11	  
			
	 Section 4.1
	 	 Affirmative Covenants of Sub-Servicer
	  	 	11	  
			
	 Section 4.2
	 	 Negative Covenants of Sub-Servicer
	  	 	16	  
			
	 Section 4.3
	 	 Additional Covenants of Sub-Servicer
	  	 	17	  
			
	 Section 4.4
	 	 No Proceedings
	  	 	17	  
			
	 ARTICLE V
	 	INDEMNIFICATION	  	 	17	  
			
	 Section 5.1
	 	 Indemnities by Sub-Servicer
	  	 	17	  
			
	 ARTICLE VI
	 	CONDITIONS TO EFFECTIVENESS	  	 	18	  
			
	 Section 6.1
	 	 Conditions Precedent to Effectiveness
	  	 	18	  
			
	 ARTICLE VII
	 	MISCELLANEOUS	  	 	19	  
			
	 Section 7.1
	 	 Notices
	  	 	19	  
			
	 Section 7.2
	 	 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	  	 	20	  


  

					
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 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Section 7.3
	 	 Counterparts
	  	 	22	  
			
	 Section 7.4
	 	 Severability
	  	 	22	  
			
	 Section 7.5
	 	 Section Titles
	  	 	22	  
			
	 Section 7.6
	 	 Binding Effect; Assignability
	  	 	22	  
			
	 Section 7.7
	 	 Termination; Survival of Obligations
	  	 	22	  
			
	 Section 7.8
	 	 Confidentiality
	  	 	22	  
			
	 Section 7.9
	 	 Complete Agreement; Modification of Agreement
	  	 	24	  
			
	 Section 7.10
	 	 Amendments and Waivers
	  	 	24	  
			
	 Section 7.11
	 	 No Waiver; Remedies
	  	 	24	  
			
	 Section 7.12
	 	 Limited Recourse
	  	 	25	  
			
	 Section 7.13
	 	 Further Assurances
	  	 	25	  
			
	 Section 7.14
	 	 Waiver of Setoff
	  	 	25	  
			
	 Section 7.15
	 	 Other Activities of Sub-Servicer
	  	 	25	  
			
	 Section 7.16
	 	 Pledge of Assets
	  	 	26	  
			
	 Section 7.17
	 	 Third-Party Beneficiaries
	  	 	26	  

 EXHIBITS AND SCHEDULES 

 

			
	 EXHIBIT A
	  	Servicing Agreement
		
	 SCHEDULE 2.3
	  	Form of NBCUniversal Monthly Report
		
	 SCHEDULE 2.10
	  	Form of Obligor Notification
		
	 SCHEDULE 2.10-A
	  	Form of Obligor Payment Termination Notice


  

					
		  	ii	  	









 This SUB-SERVICING AGREEMENT, dated as of February 4, 2011 (this
“Agreement”), is between GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“GE Capital”), in its capacity as servicer (the “Servicer”) and NBCUNIVERSAL MEDIA, LLC, a
Delaware limited liability company (“NBCUniversal”), in its capacity as Sub-Servicer (the “Sub-Servicer”). 
 WHEREAS, Servicer has entered into the Servicing Agreement (as defined below) and Servicer desires to have Sub-Servicer perform certain of the duties of Servicer, and to provide such additional services
consistent with this Agreement as Servicer may from time to time request; and 
 WHEREAS, Sub-Servicer has the capacity to
provide the services required hereby and is willing to perform such services for Servicer on the terms set forth herein; 
 NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS AND INTERPRETATION 
 Section 1.1 Definitions. (a) Capitalized terms used and not otherwise defined herein are used as defined in (or by reference in) the Servicing Agreement, dated as of the date hereof, between
NBCU Accounts Receivable Funding Master Note Trust (the “Issuer”) and Servicer (the “Servicing Agreement”) a copy of which is attached hereto as Exhibit A and made a part hereof. 

(b) The following terms used herein shall have the following meanings: 

“Agreement” has the meaning set forth in the preamble. 

“Confidential Information Persons” has the meaning set forth in Section 7.8(b). 

“Data Feed” has the meaning set forth in Section 4.1(b)(ii). 

“Debtor Relief Laws” means Title 11 of the United States Code and all other applicable liquidation, conservatorship,
bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, readjustment of debt, marshalling of assets or similar debtor relief laws of the United States of America, any state or any foreign country from
time to time in effect, affecting the rights of creditors generally. 
 “Determination Date” has the meaning
set forth in the Indenture. 
 “Dilution Data Review” means a third-party review and related report, by an
independent consulting firm selected by the Performance Guarantor, in form and substance satisfactory to each of the Performance Guarantor and Servicer (a copy of which has been provided to the Indenture Trustee and the Noteholders), which shall
report on the achievement or otherwise of the “Target Dilution Accuracy”. 







 “Dilution Process Review” means a third-party review and related report, by
an independent consulting firm selected by the Performance Guarantor, in form and substance satisfactory to each of the Performance Guarantor and Servicer (a copy of which has been provided to the Indenture Trustee and the Noteholders) with respect
to the servicing, administration and credit and collection procedures and processes of NBCUniversal as they relate to Dilution, which shall report on the achievement of the “Process Standard” or address deficiencies in that regard.

 “Dilution Ratio” has the meaning set forth in the Series 2011-1 Indenture Supplement. 

“Dilutions” has the meaning set forth in the NBCU Sale and Contribution Agreement. 

“Effective Date” means February 4, 2011. 
 “GE Capital” has the meaning set forth in the preamble. 

“Initial Data Feed” means the Data Feed to be provided by Sub-Servicer to the Servicer by the August 2011 Determination
Date. 
 “Issuer” has the meaning set forth in Section 1.1(a). 

“Loan Agreement” has the meaning set forth in the NBCU Sale and Contribution Agreement. 

“NBCUniversal” has the meaning set forth in the preamble. 

“NBCUniversal Confidential Information Persons” has the meaning set forth in Section 7.8(b). 

“NBCUniversal Downgrade Event” means, at any time, (i) the failure of Seller to maintain a long-term debt rating of
at least BBB- and Baa3 by S&P and Moody’s, respectively (or the equivalent rating by S&P or Moody’s, as applicable, if such rating agency modifies its rating denomination system) or (ii) Seller has no long-term debt rating
from S&P or Moody’s or any such rating has been withdrawn by S&P or Moody’s. 
 “NBCUniversal
Entity” means NBCUniversal or any of its Affiliates from time to time party to the Subsidiary Sale Agreement. 

“NBCUniversal Monthly Report” has the meaning set forth in Section 2.3. 

“Noteholder” has the meaning set forth in the Indenture. 

“Permitted Encumbrances” has the meaning set forth in the NBCU Sale and Contribution Agreement. 

“Process Standard” has the meaning set forth in clause (b) of the definition of “Remediation Plan
Trigger”. 

  
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 “Purchase Price Letter” has the meaning set forth in the NBCU Sale and
Contribution Agreement. 
 “Related Documents” means the Servicing Agreement, this Agreement, any other
Sub-Servicing Agreement, the Indenture, the Indenture Supplements, the Loan Agreements, the Subsidiary Sale Agreement, the NBCU Sale and Contribution Agreement, the NBCU SPE Transfer Agreement, the Transfer Agreement, the Senior Trust Certificate
Supplement to the Trust Agreement, the Purchase Price Letter, and any other document heretofore, now or hereafter executed by or on behalf of any Person, or any employee of any Person, and delivered in connection with any of the foregoing or the
transactions contemplated thereby. 
 “Remediation Plan Trigger” means the failure of NBCUniversal, (a) no
later than the August 2011 Determination Date, to complete the Dilution Data Review and cause to be delivered a report that: (i) states that the Dilution Ratio as reported by NBCUniversal is within 10% of the actual reviewed Dilution Ratio for
a minimum of two consecutive months (the “Target Dilution Accuracy”), or (ii) is otherwise deemed satisfactory by the Performance Guarantor and the Servicer, in their sole and absolute discretion, or (b) no later than the
earlier to occur of: (i) September 30, 2011, and (ii) 60 days following the receipt of the Dilution Process Review, to deliver a report that concludes that NBCUniversal’s processes with respect to the identification and
calculation of Dilution are accurate and reliable (the “Process Standard”), and NBCUniversal has fully implemented a remediation or other plan acceptable to the Performance Guarantor and Servicer. 

“Required Law” means any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, order,
injunction, writ, decree or award of a Governmental Authority. 
 “Responsible Officer” has the meaning set
forth in the NBCU Sale and Contribution Agreement. 
 “Senior Trust Certificate Supplement” has the meaning set
forth in the Indenture. 
 “Servicer” has the meaning set forth in the preamble. 

“Servicing Agreement” has the meaning set forth in Section 1.1(a). 

“Sub-Serviced Assets” has the meaning set forth in Section 2.1. 

“Sub-Servicer” has the meaning set forth in the preamble. 

“Sub-Servicer Indemnified Person” has the meaning set forth in Section 7.1. 

“Sub-Servicer Material Adverse Effect” means, any event which, in the reasonable opinion of Servicer, has or is
reasonably likely to have, individually or in the aggregate, a material adverse effect on (a) the ability of Sub-Servicer to perform any of its obligations under this Agreement or any Related Document to which it is a party in accordance with
the terms hereof or thereof (including the adequacy or sufficiency of (i) Sub-Servicer’s information technology systems or other data or computer systems and (ii) Sub-Servicer’s maintenance of any Sub-Servicing Records (or the
completeness thereof)), (b) the validity or enforceability of 

  
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this Agreement, any Subject Document to which Sub-Servicer is a party or the rights and remedies of Servicer under any Subject Document or (c) the ownership interests or Liens of Transferor,
Issuer or the Indenture Trustee with respect to the Receivables or the priority of such interests or Liens. 

“Sub-Servicer Termination Notice” means any written notice by Servicer to Sub-Servicer substantially to the effect that
NBCUniversal’s appointment as Sub-Servicer under this Agreement has been terminated by Servicer. 
 “Sub-Servicer
Trigger Event” means the occurrence of any of the following events: 
 (a) any failure by Sub-Servicer
to make any payment, transfer or deposit on or before the date occurring 2 Business Days after the date such payment, transfer or deposit is required to be made or given by Sub-Servicer, as the case may be; provided, that, if such delay or
failure was caused by an act of God or other similar occurrence, then a Sub-Servicer Trigger Event shall not be deemed to have occurred until 30 Business Days after the date of such failure; 

(b) failure on the part of Sub-Servicer duly to observe or perform in any material respect any other covenants or
agreements of Sub-Servicer set forth in this Agreement, which continues unremedied for a period of 10 Business Days after the date on which written notice of such failure requiring the same to be remedied shall have been given to Sub-Servicer by
Servicer; provided, that, if such failure was caused by an act of God or other similar occurrence, then a Sub-Servicer Trigger Event shall not be deemed to have occurred unless such failure continues unremedied for a period of 30 Business
Days after such notice; 
 (c) any representation or warranty made by Sub-Servicer in this Agreement shall prove
to have been incorrect when made, and which continues to be incorrect in any material respect for a period of 10 Business Days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to
Sub-Servicer by Servicer; provided, that, if the inaccuracy was caused by an act of God or other similar occurrence, then a Sub-Servicer Trigger Event shall not be deemed to have occurred unless such representation or warranty continues to be
incorrect in any material respect for a period of 30 Business Days after such notice; and 
 (d) a Sub-Servicer
Material Adverse Effect. 
 “Sub-Servicing Fee” has the meaning set forth in Section 2.4.

 “Sub-Servicing Records” means all documents, books, Records and other information (including computer
programs, tapes, data tapes, disks, data processing software and related property and rights) prepared and maintained by Sub-Servicer with respect to the Sub-Serviced Assets and the Obligors (and, if applicable, the related advertising agency if
such Obligor is an advertiser customer) related thereto. 
 “Subject Documents” has the meaning set forth in
the NBCU Sale and Contribution Agreement. 

  
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 “Target Dilution Accuracy” has the meaning set forth in clause
(a) of the definition of “Remediation Plan Trigger”. 
 “to the best knowledge of” has the
meaning set forth in the NBCU Sale and Contribution Agreement. 
 “Unrelated Amounts” has the meaning set forth
in Section 4.1(m). 
 Section 1.2 Other Interpretive Matters. All terms defined directly or by incorporation
in this Agreement shall have the defined meanings when used in any certificate or other document delivered pursuant thereto unless otherwise defined therein. For purposes of this Agreement and all certificates and other documents, unless the context
otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under generally accepted
accounting principles; (b) unless otherwise provided, references to any month, quarter or year refer to a calendar month, quarter or year; (c) terms defined in Article 9 of the UCC and not otherwise defined in this Agreement are used as
defined in that Article; (d) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day; (e) the words “hereof”, “herein” and
“hereunder” and words of similar import refer to this Agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of this Agreement (or such certificate or document);
(f) references to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to this Agreement (or the certificate or other document in which the reference is made), and references to any paragraph, subsection,
clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (g) the term “including” means “including without limitation”;
(h) references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; (i) references to any agreement refer to that agreement as from time to time amended,
restated or supplemented or as the terms of such agreement are waived or modified in accordance with its terms (including, with respect to the Indenture, by Indenture Supplements or supplemental indentures); and (j) references to any Person
include that Person’s successors and assigns. 
 ARTICLE II 

APPOINTMENT OF SUB-SERVICER; CERTAIN DUTIES AND 
 RESPONSIBILITIES OF SUB-SERVICER; REMOVAL AND RESIGNATION 
 OF
SUB-SERVICER 
 Section 2.1 Appointment of Sub-Servicer. Servicer hereby revocably appoints Sub-Servicer as its agent
to sub-service the Serviced Receivables (such Serviced Receivables may be referred to collectively as the “Sub-Serviced Assets”). Sub-Servicer hereby accepts such appointment and agrees to perform the duties and obligations set
forth herein on the terms and subject to the conditions set forth herein. Sub-Servicer may not delegate, assign or transfer any of its duties or obligations hereunder, without the express prior written consent of Servicer (which Servicer may
withhold in its sole and absolute discretion). 

  
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 Section 2.2 Duties and Responsibilities of Sub-Servicer. Subject to the provisions of
this Agreement, Sub-Servicer shall conduct the servicing, administration and collection of the Sub-Serviced Assets under the same terms as Servicer is bound under the Servicing Agreement and (i) with at least the same degree of care as required
thereunder (including in Section 2.2 of the Servicing Agreement) as if all references therein to “Servicer” were references to Sub-Servicer and (ii) with reasonable care and diligence, in a manner no less diligent than it
services, administers and collects its own assets, and in accordance with all Required Law, and shall be bound by the covenants and undertakings set forth in Sections 2.2, 2.3, 2.4, 2.6, 2.7, 2.9 (subject to
Section 4.1(l) hereof), 2.10, 2.12, 4.1 and 4.3 of the Servicing Agreement as if it were Servicer thereunder. Sub-Servicer shall also take or cause to be taken all such action as may be necessary or advisable
to collect and service each Sub-Serviced Asset from time to time, including collecting, identifying and posting of all payments, responding to inquiries of Obligors, investigating delinquencies and defaults, accounting for Collections and Unrelated
Amounts and holding and remitting such Collections as described in this Agreement. In addition, without limiting the generality of the foregoing, Sub-Servicer shall comply with clauses (a), (b) and (c) of
Section 2.6 of the Servicing Agreement as if all references therein to “Servicer” were references to Sub-Servicer. If Sub-Servicer fails to comply with clause (b) or clause (c) of Section 2.6
of the Servicing Agreement and, as a result, Servicer is obligated to purchase any Serviced Receivable (constituting Sub-Serviced Assets) from Issuer, Sub-Servicer shall purchase such Serviced Receivables from Servicer, and Servicer shall assign
such Serviced Receivable to Sub-Servicer, for the same price that Servicer is required to pay for such Serviced Receivables pursuant to such Section 2.6. Such price shall be paid by Sub-Servicer to Servicer promptly, but in any event
before the earlier of (i) the time that Servicer is obligated to make such corresponding payment under such Section 2.6 and (ii) two (2) Business Days after notice of such pending payment by Servicer. Sub-Servicer shall
also hold in trust for Servicer for the further benefit of Issuer and its assignees all Records (including the Sub-Servicing Records) to the extent such Records evidence or relate to any Sub-Serviced Asset or the servicing thereof. Sub-Servicer
shall not make Servicer, Transferor, Issuer, NBCU SPE or any of their respective Affiliates or the Trustee or the Indenture Trustee a party to any Litigation without the prior written consent of such Person and prior written notice to Servicer.

 Section 2.3 Reporting Requirements. Sub-Servicer agrees that it shall assist Servicer in preparing and delivering (and
shall provide all necessary information with respect to the Sub-Serviced Assets to enable Servicer to prepare and deliver) the financial statements, notices and other information contemplated by Section 2.7 of the Servicing Agreement,
including delivering to Servicer by each Reporting Date a report for the related Settlement Period in substantially the form set forth on Schedule 2.3 (the “NBCUniversal Monthly Report”), and such other information with
respect to the Sub-Serviced Assets or the related Obligors as Servicer may from time to time reasonably request. Sub-Servicer agrees to cooperate with Servicer and to provide such information as is reasonably necessary to assist Servicer’s
confirmation of the Receivables Balance in respect of any Sub-Serviced Receivable or the amount of any Dilutions, in each case as set forth in a NBCUniversal Monthly Report. Notwithstanding anything to the contrary set forth in
Section 2.7 of the Servicing Agreement, at the reasonable request of Servicer, Sub-Servicer shall promptly request from the applicable Obligor any notices, documents, reports, correspondence, communications and other information which
pertain to either the terms or the collectability of any related Sub-Serviced Asset. In addition, Sub-Servicer shall promptly notify Servicer upon its notice or knowledge (but in any event, no more than five (5) Business Days


  
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following such notice or knowledge) of any event or occurrence that could reasonably be expected to have a material adverse effect on (i) the ability of any advertising agency to perform any
of its obligations under any Contract or (ii) the financial condition of any advertising agency. 
 Section 2.4
Sub-Servicing Fees. On each Settlement Date, Servicer will pay to Sub-Servicer in arrears, as compensation for Sub-Servicer’s subservicing activities hereunder and as reimbursement for Sub-Servicer’s reasonable costs and expenses in
connection therewith in respect of any Settlement Period (or portion thereof) prior to the termination of Sub-Servicer’s obligations under this Agreement, a fee equal to one-twelfth of the product of (a) the aggregate outstanding balance
of Serviced Receivables at the beginning of the prior Settlement Period and (b) [***] percent ([***]%) (the “Sub-Servicing Fee”). For [***] days following any permitted resignation of Sub-Servicer pursuant to
Section 2.5 or the termination of Sub-Servicer’s responsibilities under this Agreement pursuant to Section 2.6, Servicer will pay the Sub-Servicing Fee to Sub-Servicer in accordance with this Section 2.4 so
long as Sub-Servicer fully complies with Section 4.1(c) and each other section of this Agreement that survives the termination of this Agreement pursuant to Section 7.7. 

For the avoidance of doubt, Sub-Servicer shall be required to pay for all costs and expenses incurred by it in connection with its
activities hereunder (including any payments to accountants, counsel or any other Person) and shall not be entitled to any payment or other reimbursement therefor other than the Sub-Servicing Fee. 

Section 2.5 Resignation of Sub-Servicer. Sub-Servicer may resign from the obligations and duties hereunder or hereby imposed on it
only (a) with the prior written consent of Servicer or (b) upon the reasonable determination of Sub-Servicer that (i) the performance of its duties hereunder has become impermissible under Required Law and (ii) there is no
commercially reasonable action which Sub-Servicer could take to make the performance of its duties hereunder permissible under Required Law. No such resignation shall become effective until Servicer or such other Person designated by Servicer shall
have fully assumed the responsibilities and obligations of Sub-Servicer in accordance with Section 2.8. 
 Section
2.6 Termination of Sub-Servicer. Servicer may, at any time, terminate this Agreement or give Sub-Servicer notice that Servicer has revoked NBCUniversal’s appointment as Sub-Servicer hereunder for any reason (whether for cause or without
cause) in its sole and absolute discretion, in any case, by delivering to Sub-Servicer a Sub-Servicer Termination Notice. The effective date of the termination of this Agreement by Servicer or Servicer’s revocation of Sub-Servicer’s
appointment hereunder will be set forth in such Sub-Servicer Termination Notice. 
 Section 2.7 Effect of Termination or
Resignation. Any termination or resignation of Sub-Servicer under this Agreement shall not affect any claims that Servicer or any other Sub-Servicer Indemnified Person may have against Sub-Servicer for events or actions taken or not taken by
Sub-Servicer or other occurrences arising prior to any such termination or resignation or any representation, warranty, indemnity, covenant or other obligation or undertaking that survive the termination hereof. 

  
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 Section 2.8 Appointment of a Successor Sub-Servicer. In connection with any permitted
resignation of Sub-Servicer pursuant to Section 2.5 or the termination of Sub-Servicer’s responsibilities under this Agreement pursuant to Section 2.6, all authority and power of Sub-Servicer under this Agreement shall
immediately revert to Servicer or such other Person designated by Servicer, and Servicer or such other Person shall succeed to all rights and assume all of the responsibilities, duties and liabilities of Sub-Servicer under this Agreement, as
applicable; provided, that Servicer or such other Person designated by Servicer shall have no responsibility for any actions of Sub-Servicer prior to the date of its succession hereunder. If Servicer so designates a Person to succeed to all
rights and assume all of the responsibilities, duties and liabilities of Sub-Servicer under this Agreement, such Person shall accept its appointment by executing, acknowledging and delivering to Servicer an instrument in form and substance
acceptable to Servicer evidencing such appointment. 
 Section 2.9 Additional Duties of Sub-Servicer. At any time
concurrently with the appointment of a successor Sub-Servicer as described in Section 2.5 or Section 2.8 and the assumption by such successor Sub-Servicer of the responsibilities and duties hereunder, Sub-Servicer agrees that
it shall terminate its activities as Sub-Servicer hereunder and cooperate fully with Servicer and any successor Sub-Servicer in a manner acceptable to Servicer so as to facilitate the transfer of servicing to Servicer (or another Person designated
by Servicer), including (i) promptly (and in any event within two (2) Business Days following the receipt thereof) delivering to, or at the direction of, Servicer of any Collections that are in the possession or under the control of
Sub-Servicer, and (ii) promptly, and in any event within three (3) Business Days, surrendering all Sub-Servicing Records in its possession or control to Servicer or a Person designated by Servicer in such place, manner and form as Servicer
shall direct. Sub-Servicer shall account for all funds and shall execute and deliver such instruments and do such other things as may be required to more fully and definitively vest and confirm in Servicer all rights, powers, duties,
responsibilities, obligations and liabilities of Sub-Servicer hereunder. 
 Section 2.10 Notice to Obligors. At any time
prior to or following the termination or resignation of Sub-Servicer pursuant to the terms of this Agreement, Servicer may, at Sub-Servicer’s expense, notify, by use of a notification in substantially the form of Schedule 2.10 (each, an
“Obligor Notice”), any Obligor (and, if applicable, the related advertising agency if such Obligor is an advertiser customer) of any of the transfers of the Sub-Serviced Assets pursuant to any Related Document. Sub-Servicer
shall promptly (and in any event within one (1) Business Day following any such request and delivery from Servicer) execute each Obligor Notice received from Servicer. Upon payment in full of all of the Serviced Receivables, Servicer
shall, promptly following (i) the request by Sub-Servicer and (ii) Sub-Servicer’s execution and delivery of the related Obligor Payment Termination Notice (as defined below) to Servicer (and in any event within one (1) Business
Day following any such request), execute and deliver, at Sub-Servicer’s expense, a notice substantially in the form of Schedule 2.10-A (each, an “Obligor Payment Termination Notice”) to each Obligor that has received
from Servicer an Obligor Notice; provided, however, that, notwithstanding anything to the contrary set forth in this Section 2.10, if any payment made by an Obligor is subsequently voided, avoided, rescinded, or required to
be returned, turned over or repaid or otherwise recovered from Servicer, Transferor or Issuer pursuant to or in accordance with an Insolvency Event with respect to such Obligor (regardless of whether (i) such Obligor has previously received an
Obligor Notice or an Obligor Payment Termination Notice or (ii) all of the Serviced Receivables have been paid in full), Servicer shall 

  
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be entitled to provide such Obligor an Obligor Notice or rescind any Obligor Payment Termination Notice, as applicable. Servicer further agrees that if at any time (i) following
the termination or resignation of Sub-Servicer pursuant to the terms of this Agreement or (ii) after any Obligor has received from Servicer an Obligor Notice but before such Obligor has received an Obligor Payment Termination Notice, Servicer
has received any payment from (x) any Obligor (in the case of clause (i) of this sentence) or (y) such Obligor (in the case of clause (ii) of this sentence), Servicer will, on the first Settlement Date (and, to the
extent of any shortfall on such Settlement Date, on the next Settlement Date thereafter) after Servicer has actual knowledge that Seller is entitled to such payment pursuant to Section 2.4 or Section 6.1(c) of the NBCU Sale
and Contribution Agreement, or such payment is not in respect of a Transferred Receivable, including, without limitation, because such Receivable has been reassigned to Seller pursuant to Section 6.1(d) of the NBCU Sale and Contribution
Agreement, remit such amount to Seller, together with such details as shall be reasonably available to Servicer with respect to such payment received; provided, however, that Servicer’s obligation to remit such amount to Seller shall be limited
to funds then available to Servicer for remittance to the Issuer on such Settlement Date in accordance with the Related Documents; provided, further, that, remittance to Seller pursuant to this Section 2.10 shall include amounts which
Transferor is entitled to retain pursuant to Section 2.4 or Section 6.1(c) of the Transfer Agreement. 
 ARTICLE III

 REPRESENTATIONS AND WARRANTIES 
 Section 3.1 Representations and Warranties of Sub-Servicer. Sub-Servicer represents and warrants to Servicer on each day that any Serviced Receivable remains outstanding (except (i) with
respect to clause (f)(i), which shall only be made as of the Effective Date, and (ii) with respect to clause (f)(ii), which shall only be made as of the applicable date following the Effective Date set forth therein) as follows:

 (a) It (i) is a limited liability company duly organized, validly existing and in good standing under the
laws of its jurisdiction of its organization, (ii) has all power and all licenses, authorizations, consents and approvals of all Governmental Authorities required to carry on its business in each jurisdiction in which its business is now and
proposed to be conducted, including to execute, deliver and carry out the terms hereof and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the nature of its business requires it to be so qualified,
except where the failure to be so qualified or in good standing would not have, individually or in the aggregate, a Sub-Servicer Material Adverse Effect. 
 (b) It has the power and authority to execute and deliver this Agreement and to perform its obligations contemplated hereby. 

(c) This Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms, subject to any applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws now or hereafter in effect relating to or affecting the


  
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enforceability of creditors’ rights generally and general equitable principles, whether applied in a proceeding at law or in equity. 

(d) The execution, delivery and performance by it of this Agreement (i) are within its powers, (ii) have been
duly authorized by all necessary action, (iii) require no consent of, notice to, filing with or permits, qualifications or other action by any Governmental Authority or any other Person, other than consents, notices, filings and other actions
which have been obtained or made, (iv) do not contravene or constitute a default under (A) its certificate of formation or operating agreement, (B) any Required Law applicable to it, (C) any contractual restriction binding on or
affecting it or its property or (D) any order, writ, judgment, award, injunction, decree or other instrument binding on or affecting it or its property (and, with respect to clauses (B), (C) and (D), except as would
not, individually or in the aggregate, be reasonably expected to cause a Sub-Servicer Material Adverse Effect), and (v) do not result in the creation or imposition of any Lien (other than Permitted Encumbrances) upon or with respect to its
property, the property of any of its Affiliates or any Sub-Serviced Assets. 
 (e) There is no Litigation
pending, or to the best knowledge of Sub-Servicer, threatened, against or affecting it or any of its Affiliates, its respective properties or any of the Sub-Serviced Assets, in any court or tribunal, before any arbitrator of any kind or before or by
any Governmental Authority, (i) which is reasonably likely to be determined adversely and if so determined would, individually or in the aggregate, have a Sub-Servicer Material Adverse Effect, (ii) which asserts the invalidity of this
Agreement, or (iii) which is seeking any determination or ruling that could, individually or in the aggregate, adversely affect the validity or enforceability of this Agreement or the ability of it to perform its obligations and duties
hereunder. 
 (f) (i) All written factual information heretofore furnished by Sub-Servicer to Servicer with
respect to the Sub-Serviced Assets for the purposes of, or in connection with, this Agreement was true and correct in all material respects on the date as of which such information was stated or certified, or as of the date most recently updated.

 (ii) The representation and warranty set forth in clause (f)(i) above shall also be deemed to be made
after the Effective Date with respect to any additional information on the date such information is delivered. 

(g) It is not insolvent or subject to an Insolvency Event. 

(h) It is not, and is not “controlled by”, an “investment company”, in each case, within the meaning
of the Investment Company Act of 1940. 

  
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 ARTICLE IV 
 COVENANTS 
 Section 4.1 Affirmative Covenants of Sub-Servicer.
Sub-Servicer covenants and agrees that at all times from and after the Effective Date and until the date on which the outstanding balances of all Serviced Receivables have been reduced to zero: 

(a) Maintenance of Files; Inspections; and Initial Dilution Reviews. 

(i) Sub-Servicer shall maintain and implement administrative and operating procedures (including the ability to recreate
records evidencing the Sub-Serviced Assets in the event of the destruction of the originals thereof), and keep and maintain all documents, books, computer records and other information, reasonably necessary or advisable for the collection of all the
Sub-Serviced Assets. Such documents, books and computer records shall reflect all facts giving rise to the Sub-Serviced Assets, all Collections and other payments and credits with respect thereto, and such documents, books and computer records shall
clearly and unambiguously indicate the interests of Issuer in the Sub-Serviced Assets. 
 (ii) Subject to the
last sentence of clause (vi) below and any applicable confidentiality or similar agreement, at any reasonable time, upon at least two Business Days’ prior notice to Sub-Servicer, Sub-Servicer will permit representatives or agents of
Servicer, Issuer or any of their respective Affiliates (including, for purposes of any inspection (but not visit) internal auditors, but excluding any third party auditors) (or such other Person as such Person may designate) during normal business
hours, to (A) visit the properties of Sub-Servicer utilized in connection with the collection, processing or servicing of the Sub-Serviced Assets, and to discuss matters relating to the Sub-Serviced Assets or Sub-Servicer’s performance and
activities under or in connection with this Agreement with any officer, employee or internal accountants of Sub-Servicer having knowledge of such matters and (B) inspect and examine the Sub-Servicing Records and make copies of and abstracts
from such Sub-Servicing Records relating to the Sub-Serviced Assets and otherwise inspect Sub-Servicer’s information technology systems or other data or computer systems. 

(iii) Subject to the last sentence of clause (vi) below and any applicable confidentiality or similar
agreement, at any reasonable time, upon at least two Business Days’ prior notice to Sub-Servicer, Sub-Servicer will permit representatives or agents of Servicer, Issuer or any of their respective Affiliates (including any third party auditors)
during normal business hours to conduct audits related to the foregoing matters listed in clause (ii) above. 
 (iv) Sub-Servicer shall authorize such officers, employees, independent accountants and consultants, as applicable, to discuss with Servicer (or such Person as Servicer may designate) the affairs of
Sub-Servicer as such affairs relate to the applicable Sub-Serviced Assets. 

  
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 (v) Any such (A) inspection with respect to Sub-Servicer described in
clause (ii) above shall be conducted no more than once per calendar quarter, (B) audit with respect to Sub-Servicer described in clause (iii) above shall be conducted no more than once per 12-month period (subject to the
next paragraph) and (C) visit with respect to Sub-Servicer described in clause (ii) above shall be conducted at any time at Servicer’s reasonable request and, in each case, shall be conducted in accordance with
Sub-Servicer’s rules respecting safety and security on its premises and without materially disrupting operations; provided that there shall be no restrictions as to the number of inspections or audits Servicer may perform after the occurrence
of a Sub-Servicer Trigger Event. Servicer shall bear its own expense (but not any expense of Sub-Servicer) in respect of each inspection (subject to clause (vi) below) and visit pursuant to this Section 4.1(a) and
Sub-Servicer shall bear all expenses of each audit pursuant to this Section 4.1(a) (including the reasonable costs and expenses of Servicer) up to a maximum of $50,000 per audit; provided, however, that such maximum shall
not apply to the Dilution Data Review or the Dilution Process Review. 
 (vi) Without limiting the foregoing,
Sub-Servicer agrees to satisfy (at Sub-Servicer’s sole expense) all of the procedures and conditions set forth in the definition of “Remediation Plan Trigger” by each of the applicable dates set forth therein. Furthermore, without
limiting the foregoing, none of the Dilution Data Review, the Dilution Process Review or the due diligence meeting conducted by a Lender in accordance with the related Loan Agreement, as applicable, shall constitute an inspection with respect to
Sub-Servicer pursuant to this Section 4.1(a); provided, that any inspection or audit with respect to NBCUniversal conducted pursuant to Section 6.2(b) of the NBCU SPE Transfer Agreement, Section 6.2(c) of
the Subsidiary Sale Agreement or Section 6.2(c) of the NBCU Sale and Contribution Agreement shall constitute such an inspection or audit. 
 (b) Delivery of Certain Information. 
 (i) (I) Promptly upon
request therefor (and in any event within two (2) Business Days following any such request), Sub-Servicer shall deliver to (or at the direction of) Servicer records reflecting activity through the close of business on the immediately preceding
Business Day and (II) as soon as possible following any reasonable request by Servicer, Sub-Servicer shall deliver and turn over to (or at the direction of) Servicer all of Sub-Servicer’s books and records pertaining to the Sub-Serviced Assets
or the servicing thereof, including Sub-Servicing Records. 
 (ii) Sub-Servicer (I) shall provide Servicer,
by the August 2011 Determination Date, at Sub-Servicer’s expense, electronic data extracts in respect of the Sub-Serviced Assets, which extracts shall include, without limitation, customer specific information and asset records, in a form
satisfactory to Servicer (including the format of all such information) (a “Data Feed”) for any period reasonably specified by Servicer and (II) shall promptly respond to any reasonable inquiry by Servicer in order for Servicer
implement and complete Servicer’s testing procedures with respect to the Initial Data Feed. 

  
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 (c) Delivery of Certain Information and Access Following Resignation or
Termination. If at any time Sub-Servicer resigns or is terminated pursuant to the terms of this Agreement: 

(i) promptly upon request therefor (and in any event within two (2) Business Days following such request),
Sub-Servicer shall deliver to (or at the direction of) Servicer records reflecting activity through the close of business on the Business Day immediately preceding the date of resignation or termination of Sub-Servicer; 

(ii) as soon as practicable following the request by Servicer (and in any event within five (5) Business Days
following such request), Sub-Servicer: 
 (I) shall deliver and turn over to (or at the direction of) Servicer
all of the books and records pertaining to the Sub-Serviced Assets or the servicing thereof, including Sub-Servicing Records (or copies thereof); 
 (II) shall provide Servicer a Data Feed for the [***]-month period immediately preceding the date of resignation or termination of Sub-Servicer; and 

(III) shall cooperate with Servicer in order to implement and complete Data Testing with respect to the Data Feed
delivered pursuant to clause (c)(ii)(II) above to verify that the form and format of such Data Feed may be successfully integrated into Servicer’s or any successor Sub-Servicer’s administration and collection systems; and

 (iii) for [***] days following such resignation or termination, Sub-Servicer shall: 

(I) allow Servicer or its designees to be present at the premises of Sub-Servicer where such books, records and such
Sub-Servicing Records are maintained, and have access to the equipment and software thereon and to any personnel of Sub-Servicer that Servicer or any of its designees may wish to employ to administer, service and collect the Sub-Serviced Assets;

 (II) act (if Servicer or any of its designees so requests) as the data-processing agent of Servicer for the
Sub-Serviced Assets and, in such capacity, Sub-Servicer shall conduct the data-processing functions of the administration of the Sub-Serviced Assets thereon in substantially the same way that Servicer or its sub-servicer conducted such
data-processing functions with respect to the Sub-Serviced Assets before they were delegated to Sub-Servicer hereunder; 
 (III) on each Reporting Date during such [***]-day period (or on a daily basis if requested by Servicer), provide to Servicer a Data Feed in respect of the related Settlement Period; and 

  
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 (IV) furnish to Servicer all documents, books, computer records and other
information, reasonably necessary or advisable for the collection of, or the allocation of Collections with respect to, all the Sub-Serviced Assets by Servicer or any successor Sub-Servicer. 

(d) Notice of Lien and Sub-Servicer Material Adverse Effect. Sub-Servicer shall advise Servicer promptly in writing
(and in any event within two (2) Business Days after Sub-Servicer has knowledge or notice), in reasonable detail, (i) of any Lien known to a Responsible Officer of Sub-Servicer made or asserted against any Sub-Serviced Asset, and
(ii) of the occurrence of any event known to it which has or could, individually or in the aggregate, have a Sub-Servicer Material Adverse Effect. 
 (e) Conduct of Business. Sub-Servicer shall (i) carry on and conduct its servicing of receivables and related assets (including the Sub-Serviced Assets) in substantially the same manner as it
is presently conducted, (ii) do all things necessary to remain duly organized, validly existing and in good standing as a domestic organization in its jurisdiction of organization and (iii) maintain all requisite authority and licenses to
conduct its business, including the servicing of the Sub-Serviced Assets in accordance herewith, in each jurisdiction in which its business is conducted, except where the failure to maintain any such requisite authority or license could,
individually or in the aggregate, reasonably be expected to have a Sub-Servicer Material Adverse Effect. 
 (f)
Insurance. Sub-Servicer shall have and maintain all insurance types and in the amounts required by Required Law and dictated by the standard of care set forth herein, in connection with its performance hereunder, except as would not,
individually or in the aggregate, be reasonably expected to cause a Sub-Servicer Material Adverse Effect. 
 (g)
Performance and Compliance with Sub-Serviced Assets. Sub-Servicer shall at its own expense, timely and fully perform and comply with, and shall cause each other NBCUniversal Entity to comply with, all provisions, covenants and other promises
required to be observed by it under the terms or conditions governing the Sub-Serviced Assets, except where the failure to comply would, individually or in the aggregate, not reasonably be expected to have a Sub-Servicer Material Adverse Effect.

 (h) Ownership of Sub-Serviced Assets. Sub-Servicer shall identify the Sub-Serviced Assets clearly and
unambiguously in its Sub-Servicing Records to reflect that the Sub-Serviced Assets are owned by Issuer and have been pledged to the Indenture Trustee. 
 (i) Compliance with Credit and Collection Policies; Law. Sub-Servicer shall comply with the Credit and Collection Policies with respect to the Sub-Serviced Assets and its activities hereunder and
with Required Law with respect to it, its business and the Sub-Serviced Assets. Sub-Servicer will secure and maintain its existence, rights, franchises, qualifications and privileges and all of the licenses, authorizations, consents and approvals of
all Governmental Authorities necessary to carry out the terms hereof (including the servicing of the Sub-Serviced Assets). 

  
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 (j) Accuracy of Information. All written factual information
furnished hereafter by Sub-Servicer (including any information delivered pursuant to Section 2.3) to any Person for purposes of or in connection with this Agreement with respect to the Sub-Serviced Receivables or any transaction
contemplated hereby will be true, complete and correct in all material respects on the date such information is stated or certified, or as of the date most recently updated thereafter. In addition, the historical information furnished to Servicer
that is attached as Exhibit E to each Indenture Supplement executed on or about the date hereof, for purposes of, or in connection with, this Agreement or any Related Document with respect to the Serviced Receivables, was true, complete and
correct in all material respects on the date as of which such information was stated or certified, or as of the date most recently updated thereafter. 
 (k) Further Assurances. In addition to each NBCUniversal Monthly Report delivered to Servicer pursuant to Section 2.3, Sub-Servicer shall furnish to Servicer from time to time such
statements and schedules further identifying and describing the Sub-Serviced Assets and such other reports in connection with the Sub-Serviced Assets in order for Servicer to comply with its reporting and other obligations under the Servicing
Agreement. 
 (l) Turning Over of Collections. Sub-Servicer shall direct Obligors (other than any Obligor
which is an advertiser customer which has not been instructed by an NBCUniversal Entity to make a payment constituting Collections) to pay all Collections pursuant to and in accordance with the terms of the Related Documents. Sub-Servicer shall
remit all Collections received by it to Servicer at least one Business Day prior to each date described in the Indenture Supplements in accordance with Section 2.9 of the Servicing Agreement. At all times upon and after the occurrence of
a NBCUniversal Downgrade Event, Sub-Servicer shall remit all Collections received by it to Servicer on a daily basis in accordance with Servicer’s instructions. All Collections received by Sub-Servicer shall be held by Sub-Servicer in trust for
Servicer for the further benefit of Issuer and its assignees until remitted to Servicer. Sub-Servicer agrees that its obligations under this Agreement, including to remit such Collections in full in accordance with this Section 4.1(l),
shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right Sub-Servicer or its Affiliates might have against GE Capital, Servicer, the Transferor, the Issuer or any of their respective Affiliates under any
contract or law, all of which rights are hereby expressly waived by Sub-Servicer. 
 (m) Unrelated
Amounts. If Sub-Servicer determines that amounts which are not property of the Transferor, the Issuer or Servicer (the “Unrelated Amounts”) have been deposited with Servicer, then Sub-Servicer shall promptly (and in any event
within five (5) days) provide reasonably detailed written evidence thereof to Servicer. Upon receipt of any such notice, Servicer shall withdraw such Unrelated Amounts from the account, and the same shall not be treated as Collections. If any
of such Unrelated Amounts are the property of Sub-Servicer or its Affiliates or any other Person other than Servicer, the Transferor or the Issuer and can be identified as such to the satisfaction of Servicer, Servicer shall turn such amounts over
to Sub-Servicer for its account within ten (10) Business Days after such identification. 

  
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 (n) Application of Collections. Sub-Servicer shall use commercially
reasonable efforts to promptly (i) apply all payments received by any Obligor (and, if applicable, the related advertising agency if such Obligor is an advertiser customer) to the related Serviced Receivables and (ii) identify all
unidentified payments and apply all unapplied payments, in each case, in respect of the related Serviced Receivables, as applicable. 
 Section 4.2 Negative Covenants of Sub-Servicer. Sub-Servicer covenants and agrees that at all times from and after the Effective Date and until the date on which the outstanding balances of all
Serviced Receivables have been reduced to zero: 
 (a) No Sales, Liens, Etc. Sub-Servicer shall not and
shall not purport to (and shall not permit any other NBCUniversal Entity to or purport to), sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Encumbrances) upon (or
the filing of any financing statement), or with respect to, any of the Sub-Serviced Assets and Sub-Servicer shall cause to be released any Lien (other than Permitted Encumbrances) that attaches to the Sub-Serviced Assets during the term of this
Agreement. 
 (b) No Authority. Except as provided for in this Agreement, Sub-Servicer shall have no
authority hereunder or implied to contract on behalf of Servicer, Transferor, NBCU SPE or Issuer with any third parties and will not hold itself out as having such power or authority. 

(c) No Extension or Amendment of Receivables. Sub-Servicer shall not (and shall not permit any other NBCUniversal
Entity to) (i) extend, amend, adjust or otherwise modify the terms of any Receivable or Related Security included in the Sub-Serviced Assets other than as is permitted under Sections 2.4(b)(ii) and 2.6(c) of the Servicing
Agreement or (ii) notwithstanding the foregoing or anything to the contrary in the Servicing Agreement or any other Related Document, extend the payment terms set forth in any Contract with respect to any Serviced Receivable related thereto.

 (d) No Change in Business or Credit and Collection Policy. Sub-Servicer shall not make any change
(i) in the character of its business which change could, individually or in the aggregate, reasonably be expected to impair, individually or in the aggregate, the value, collectibility, validity, enforceability or quality of any Serviced
Receivable included in the Sub-Serviced Assets or otherwise have, individually or in the aggregate, a Sub-Servicer Material Adverse Effect or (ii) to the Credit and Collection Policies or the application thereof, except with the prior consent
of Servicer, which consent shall not be unreasonably withheld, conditioned or delayed. 
 (e) Change in
Payment Instructions to Obligors. Sub-Servicer shall not make any change in its instructions to any Obligor (and, if applicable, the related advertising agency if such Obligor is an advertiser customer) regarding where, how or when payments
should be made with respect to the Sub-Serviced Assets without the prior written consent of Servicer. 

  
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 Section 4.3 Additional Covenants of Sub-Servicer. Sub-Servicer covenants and agrees
that at all times from and after the Effective Date and until the date on which the outstanding balance of all Serviced Receivables have been reduced to zero: 
 (a) Requirements of Law. Sub-Servicer shall (i) duly satisfy all obligations on its part to be fulfilled under or in connection with the Sub-Serviced Assets, (ii) maintain in effect all
qualifications required under Requirements of Law in order to properly service the Sub-Serviced Assets and (iii) comply with all other Requirements of Law in connection with servicing the Sub-Serviced Assets, if in the case of any of the
foregoing clauses (ii) or (iii), the failure to so satisfy, comply or maintain would have, individually or in the aggregate, a Sub-Servicer Material Adverse Effect. 

(b) No Rescission or Cancellation. Sub-Servicer shall not permit any rescission, modification, amendment or
cancellation of any Serviced Receivable except (i) as ordered by a court of competent jurisdiction or other Governmental Authority or (ii) in accordance with the Credit and Collection Policies and with the prior written consent of
Servicer. Sub-Servicer shall reflect any such rescission or cancellation in its computer files and shall provide prompt notice thereof to Servicer. 
 (c) Separateness. Sub-Servicer shall observe (and shall cause and assure that each of its respective Affiliates (including NBCU SPE) observe) the applicable legal requirements for the recognition
of NBCU SPE as a legal entity separate and apart from Sub-Servicer and each of its Affiliates and comply with and not take any action inconsistent with (and cause to be true and correct) NBCU SPE’s organizational documents (including the
separateness and “bankruptcy remote” provisions set forth therein). Sub-Servicer shall also observe (and shall cause and assure that each of its respective Affiliates (including NBCU SPE) observe) the applicable legal requirements for the
recognition of each of Issuer and Transferor as a legal entity separate and apart from such other entity and Sub-Servicer, Servicer, Seller, each NBCUniversal Entity, each Transferring Subsidiary and each of their respective Affiliates, as
applicable, and comply with and not take any action inconsistent with the organizational documents of Issuer or Transferor, as applicable (including the separateness and “bankruptcy remote” provisions set forth therein). 

Section 4.4 No Proceedings. From and after the Effective Date and until the date which is one year plus one day following the date
on which all amounts due from Issuer under the Subject Documents and all documents, instruments and agreements related thereto have been paid in full in cash, Sub-Servicer shall not, directly or indirectly, institute or cause to be instituted
against Issuer, Transferor or NBCU SPE any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any Debtor Relief Laws. 
 ARTICLE V 
 INDEMNIFICATION 

Section 5.1 Indemnities by Sub-Servicer. Without limiting any other rights that Servicer, Transferor, Issuer or any of their
respective Affiliates, successors or assignees or any director, 

  
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officer, employee, trustee or agent, organizer or incorporator of any of such Person (each, a “Sub-Servicer Indemnified Person”) may have hereunder or under Required Law,
Sub-Servicer hereby agrees to indemnify, hold harmless and defend each Sub-Servicer Indemnified Person from and against any and all Indemnified Amounts which may be imposed on, incurred by or asserted against a Sub-Servicer Indemnified Person
arising out of, relating to or resulting from (directly or indirectly): (i) the failure of any information provided by Sub-Servicer, including pursuant to Sections 2.3 or 4.1(k), to any Sub-Servicer Indemnified Person to be true,
correct and complete in any material respect as of the date thereof or any earlier date specified therein, if applicable, (ii) the failure of any representation, warranty or statement made or deemed made by Sub-Servicer (or any of their
respective officers or employees) under or in connection with this Agreement to have been true, correct and complete in any material respect as of the date made or deemed made, (iii) the failure by Sub-Servicer to comply with Required Law,
including with respect to any Sub-Serviced Assets, (iv) any dispute, claim, offset or defense of the Obligor to the payment of any Receivable with respect to the Sub-Serviced Assets arising out of, relating to or resulting from (directly or
indirectly) the servicing or other collection activities of Sub-Servicer with respect, or related (directly or indirectly), to any such Sub-Serviced Asset or otherwise undertaken hereunder or as contemplated hereby, (v) any failure of
Sub-Servicer to perform, or other breach by Sub-Servicer with respect to, its covenants, obligations, duties or other undertakings hereunder or under any other agreement relating to the Sub-Serviced Assets to which Sub-Servicer is bound,
(vi) the negligence, bad faith or willful misconduct of Sub-Servicer or any of their respective Affiliates, or (vii) or any other breach of Sub-Servicer’s obligations under this Agreement; excluding, however, Indemnified
Amounts to the extent resulting from (A) gross negligence, bad faith or willful misconduct on the part of the related Sub-Servicer Indemnified Person as determined by a court of competent jurisdiction in a final, non-appealable judgment or
(B) recourse for uncollectible Receivables. Any Indemnified Amounts subject to the indemnification provisions of this Section 5.1 shall be paid to the related Sub-Servicer Indemnified Person, without any deduction, set-off or
counterclaim, within seven (7) Business Days following demand therefor. 
 ARTICLE VI 

CONDITIONS TO EFFECTIVENESS 
 Section 6.1 Conditions Precedent to Effectiveness. The effectiveness of this Agreement shall be subject to the conditions precedent that Servicer shall have received each of the following
documents, each in form and substance satisfactory to Servicer and its counsel: 
 (a) A duly executed
counterpart of this Agreement executed by each of the parties hereto. 
 (b) A certificate of the secretary or
assistant secretary of Sub-Servicer certifying and (in the case of clauses (i) and (ii)) attaching as exhibits thereto, among other things: 
 (i) the certificate of formation, operating agreement and all other organizing documents, as applicable, of Sub-Servicer (each certified by the 

  
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Secretary of State or other similar official of its State of organization as of a recent date); 
 (ii) resolutions of the board of directors or other governing body of Sub-Servicer, authorizing the execution, delivery and performance by Sub-Servicer of this Agreement and all other documents evidencing
necessary action (including shareholder, member or partner consents, if applicable) and consents or approvals of each applicable Governmental Authority, if any; and 

(iii) the incumbency, authority and signature of each officer of Sub-Servicer executing this Agreement or any certificates
or other documents delivered hereunder on behalf of Sub-Servicer. 
 (c) A good standing certificate for
Sub-Servicer issued by the Secretary of State or a similar official of its State of organization. 
 (d) One or
more favorable opinions of (i) Dewey & LeBoeuf LLP, special outside New York counsel to Sub-Servicer, and (ii) internal counsel to Sub-Servicer, as to enforceability, no conflicts with laws and agreements and certain other
corporate matters, addressed to Servicer, in form and substance satisfactory to Servicer and its counsel. 
 (e)
Such other approvals, documents, instruments, certificates and opinions as Servicer may reasonably request. 
 ARTICLE VII

 MISCELLANEOUS 
 Section 7.1 Notices. Except as otherwise provided herein, whenever it is provided herein that any notice, demand, request, consent, approval, declaration or other communication shall or may be
given to or served upon any party hereto by any other party hereto, or whenever any party hereto desires to give or serve upon any other party hereto any communication with respect to this Agreement, each such notice, demand, request, consent,
approval, declaration or other communication shall be in writing and shall be deemed to have been validly served, given or delivered (a) upon the earlier of actual receipt and three (3) Business Days after deposit in the United States
Mail, registered or certified mail, return receipt requested, with proper postage prepaid, (b) upon transmission, when sent by facsimile, email or other similar electronic transmission (with such transmission promptly confirmed by delivery of a
copy by personal delivery or United States Mail as otherwise provided in this Section 7.1), (c) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid or (d) when delivered, if
hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address or facsimile number indicated below or to such other address (or facsimile number) as may be substituted by notice given as herein
provided. The giving of any notice required hereunder may be waived in writing by the party entitled to receive such notice. Failure or delay in delivering copies of any notice, demand, request, consent, approval, declaration or other communication
to any Person designated in any written notice provided 

  
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hereunder to receive copies shall in no way adversely affect the effectiveness of such notice, demand, request, consent, approval, declaration or other communication. Notwithstanding the
foregoing, whenever it is provided herein that a notice is to be given to any other party hereto by a specific time, such notice shall only be effective if actually received by such party prior to such time, and if such notice is received after such
time or on a day other than a Business Day, such notice shall only be effective on the immediately succeeding Business Day. 

If to Servicer: 

General Electric Capital Corporation, as Servicer 
 10 Riverview Drive 
 Danbury, CT 06810-6268 

Attention: Capital Markets Operations 
 Telephone: (203) 749-6005 
 Facsimile: (203) 749-4054 

with a copy to: 

General Electric Capital Corporation 
 401 Merritt 7 
 Norwalk, CT 06851 

Attention: Counsel, Working Capital Solutions 
 Telephone: (203) 229-5000 
 Facsimile: (203) 956-4259 

If to Sub-Servicer: 
 NBCUniversal Media, LLC, as Sub-Servicer 
 30 Rockefeller Plaza 

New York, NY 10112 
 Attention: Jonathan Zucker 

                   James F. Leddy

                    Jacqueline
J. Loomans-Thuecks 
 Telephone No.:   212-664-2416 (Jonathan Zucker) 

                       
       212-413-6231 (James F. Leddy) 

                       
       212-413-5492 (Jacqueline J. Loomans-Thuecks) 
 Facsimile No.:
    212-664-4878 (Department Fax) 
 E-mail: jonathan.zucker@nbcuni.com 

             james.leddy@nbcuni.com 

             jacqueline.loomans-thuecks@nbcuni.com 

Section 7.2 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL. 

(a) THIS AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, 

  
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AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT
WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 (b) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY
CLAIMS OR DISPUTES BETWEEN THEM PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT
LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY. EACH PARTY HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION THAT SUCH PARTY
MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY
WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS
ADDRESS DETERMINED IN ACCORDANCE WITH SECTION 7.1 AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID.
NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 
 (c) BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE
STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF
ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR 

  
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OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 Section 7.3 Counterparts. This Agreement may be executed in any number of separate counterparts, each of which
shall collectively and separately constitute one agreement. Executed counterparts of this Agreement may be delivered electronically. 
 Section 7.4 Severability. Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under Required Law, but if any provision of this
Agreement shall be prohibited by or invalid under Required Law, such provision shall be ineffective only to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this
Agreement. 
 Section 7.5 Section Titles. The section titles and table of contents contained in this Agreement are and
shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 
 Section 7.6 Binding Effect; Assignability. This Agreement shall be binding upon and inure to the benefit of Servicer and Sub-Servicer and their respective successors and permitted assigns. Neither
Servicer nor Sub-Servicer may assign, transfer, hypothecate or otherwise convey any of its rights or obligations hereunder or interests herein without the express prior written consent of the other party. Any such purported assignment, transfer,
hypothecation or other conveyance by either Servicer or Sub-Servicer without the prior express written consent of the other party shall be void. Each of Servicer and Sub-Servicer acknowledges and agrees that, upon any such assignment, the assignee
thereof may enforce directly, all of the obligations of Servicer or Sub-Servicer hereunder, as applicable. 
 Section 7.7
Termination; Survival of Obligations. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until the earlier to occur of:
(a) the date on which the outstanding balances of the Sub-Serviced Assets have been reduced to zero and (b) the effectiveness of any Sub-Servicer Termination Notice delivered to Sub-Servicer pursuant to Section 2.6;
provided, however, Section 2.10, Section 4.1(c), Section 4.4, the indemnification and payment provisions of Article V and Sections 7.7, 7.8, 7.12 and 7.13 shall
survive any termination of this Agreement. 
 Section 7.8 Confidentiality. (a) NOTWITHSTANDING ANYTHING TO THE
CONTRARY SET FORTH HEREIN, THE OBLIGATIONS OF CONFIDENTIALITY CONTAINED HEREIN, SHALL NOT APPLY TO THE FEDERAL TAX STRUCTURE OR FEDERAL TAX TREATMENT OF THIS TRANSACTION, AND EACH PARTY (AND ANY EMPLOYEE, REPRESENTATIVE, OR AGENT OF ANY PARTY) MAY
DISCLOSE TO ANY AND ALL PERSONS, WITHOUT LIMITATION OF ANY KIND, THE FEDERAL TAX STRUCTURE AND FEDERAL TAX TREATMENT OF THIS TRANSACTION. THE PRECEDING SENTENCE IS INTENDED TO CAUSE THIS TRANSACTION TO BE TREATED AS NOT HAVING BEEN OFFERED UNDER
CONDITIONS OF CONFIDENTIALITY FOR PURPOSES OF SECTION 1.6011-4(B)(3) (OR ANY 

  
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SUCCESSOR PROVISION) OF THE TREASURY REGULATIONS PROMULGATED UNDER SECTION 6011 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND SHALL BE CONSTRUED IN A MANNER CONSISTENT WITH SUCH PURPOSE.
IN ADDITION, EACH PARTY ACKNOWLEDGES THAT IT HAS NO PROPRIETARY OR EXCLUSIVE RIGHTS TO THE FEDERAL TAX STRUCTURE OF THIS TRANSACTION OR ANY FEDERAL TAX MATTER OR FEDERAL TAX IDEA RELATED TO THIS TRANSACTION. 

(b) (i) It is understood that, in the performance by Sub-Servicer of the terms hereof, Sub-Servicer may have access to private or
confidential information of Servicer, Transferor, Issuer, their respective Affiliates, and their respective employees and customers (collectively, the “Confidential Information Persons”). Sub-Servicer agrees that each such
Confidential Information Person’s confidential information may include information regarding this Agreement, the Records and the other documents, instruments and agreements discussed herein (including the Servicing Agreement and the other
agreements entered into in connection therewith). Sub-Servicer shall use that degree of care it exercises to protect its own private or confidential information to keep, and to have its employees and agents keep, any and all private or confidential
information of each such Confidential Information Person reasonably so designated in writing to Sub-Servicer by such Confidential Information Person or its representative strictly confidential and to use such information only for the purpose of
providing the sub-servicing hereunder or as otherwise agreed to by such Confidential Information Persons, as applicable. Sub-Servicer acknowledges and agrees that in the event of a breach or threatened breach by it of the provisions of this
Section 7.8, such Confidential Information Persons, as applicable, will have no adequate remedy in money or damages and, accordingly, shall be entitled to an injunction against such breach. However, no specification in this Agreement of
a specific legal or equitable remedy shall be construed as a waiver or prohibition against any other legal or equitable remedies in the event of a breach of any provision of this Agreement. Sub-Servicer shall not provide any private or confidential
information of any Confidential Information Person to third parties pursuant to an administrative or judicial subpoena, summons, search warrant or other governmental order without providing prior notice to such Confidential Information Person,
unless otherwise provided by Required Law or court order. 
 (ii) It is understood that, in accordance with the
provisions of the terms hereof, Servicer may have access to private or confidential information of Sub-Servicer, its Affiliates, and their respective employees and customers (collectively, the “NBCUniversal Confidential Information
Persons”). Servicer agrees that each such NBCUniversal Confidential Information Person’s confidential information may include information regarding this Agreement, the Records and the other documents, instruments and agreements
discussed herein. Servicer shall use that degree of care it exercises to protect its own private or confidential information to keep, and to have its employees and agents keep, any and all private or confidential information of each such
NBCUniversal Confidential Information Person reasonably so designated in writing to Servicer by such NBCUniversal Confidential Information Person or its representative strictly confidential and to use such information only for the purpose of
servicing, collecting and administering the Serviced Receivables and the Related Security pursuant to the Servicing Agreement and the other Related Documents, deriving all of the benefits of its rights hereunder and enforcing its rights and remedies
hereunder or as otherwise agreed to by such NBCUniversal Confidential Information Persons, as applicable. Servicer acknowledges and agrees that in the 

  
 23 









 
event of a breach or threatened breach by it of the provisions of this Section 7.8, such NBCUniversal Confidential Information Persons, as applicable, will have no adequate remedy in
money or damages and, accordingly, shall be entitled to an injunction against such breach. However, no specification in this Agreement of a specific legal or equitable remedy shall be construed as a waiver or prohibition against any other legal or
equitable remedies in the event of a breach of any provision of this Agreement. Servicer shall not provide any private or confidential information of any NBCUniversal Confidential Information Person to third parties pursuant to an administrative or
judicial subpoena, summons, search warrant or other governmental order without providing prior notice to such NBCUniversal Confidential Information Person, unless otherwise provided by Required Law or court order. 

(c) Sub-Servicer’s and Servicer’s obligations and agreements under this Section 7.8 shall not apply to any
information supplied or in its possession that: 
 (i) subject to the last sentence of Sections 7.8(b)(i)
or 7.8(b)(ii) above, as applicable, is required to be disclosed by Sub-Servicer or Servicer, as applicable, to any Person pursuant to any applicable Required Law so long as Sub-Servicer or Servicer, as applicable, provides each related
Confidential Information Person or NBCUniversal Confidential Information Person, as applicable, prior notice of such disclosure, unless Sub-Servicer or Servicer, as applicable, is otherwise restricted by Required Law or court order from providing
such prior notice; 
 (ii) is or becomes generally available to the public other than by breach of this
Agreement; 
 (iii) information of a general nature with respect to shared customers; or 

(iv) otherwise becomes lawfully available on a nonconfidential basis from a third party who is not under an obligation of
confidence to any Confidential Information Person or NBCUniversal Confidential Information Person, as applicable. 
 Section 7.9
Complete Agreement; Modification of Agreement. This Agreement constitutes the complete agreement among the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject
matter hereof, and may not be modified, altered or amended except as set forth in Section 7.10. 
 Section 7.10
Amendments and Waivers. No amendment, modification, termination or waiver of any provision of this Agreement, or any consent to any departure by any party hereto therefrom, shall in any event be effective unless the same shall be in writing
and signed by each of the parties hereto. 
 Section 7.11 No Waiver; Remedies. The failure by Servicer, at any time or
times, to require strict performance by Sub-Servicer of any provision of this Agreement shall not waive, affect or diminish any right of Servicer thereafter to demand strict compliance and performance herewith. Any suspension or waiver of any breach
or default hereunder shall not suspend, waive 

  
 24 









 
or affect any other breach or default whether the same is prior or subsequent thereto and whether the same or of a different type. None of the undertakings, agreements, warranties, covenants and
representations of Sub-Servicer contained in this Agreement and no breach or default by Sub-Servicer hereunder, shall be deemed to have been suspended or waived by Servicer unless such waiver or suspension is by an instrument in writing signed by an
officer of or other duly authorized signatory of Servicer and directed to Sub-Servicer specifying such suspension or waiver. The rights and remedies of Servicer under this Agreement shall be cumulative and nonexclusive of any other rights and
remedies that Servicer may have under any other agreement, by operation of Required Law or otherwise. 
 Section 7.12 Limited
Recourse. The obligations of each of Sub-Servicer and Servicer under this Agreement are solely the obligations of Sub-Servicer or Servicer, as applicable. No recourse shall be had for any obligation or claim arising out of or based upon this
Agreement against any organizer, incorporator, shareholder, officer, manager, member or director, past, present or future, of Sub-Servicer or Servicer or of any successor or of its respective constituent members or its other respective Affiliates,
either directly or through Sub-Servicer or Servicer, as the case may be, or any successor thereof, whether by virtue of any constitution, statute or rule of Required Law or by the enforcement of any assessment or penalty or otherwise, all such
liability being, by acceptance hereof and as part of the consideration for the acceptance hereof, expressly waived and released. For avoidance of doubt, Sub-Servicer shall have no claim against Issuer or Transferor arising under or in connection
with this Agreement. SUB-SERVICER SHALL NOT BE RESPONSIBLE OR LIABLE TO SERVICER, ANY SUCCESSOR, ASSIGNEE OR THIRD PARTY BENEFICIARY OF SERVICER OR ANY OTHER PERSON ASSERTING CLAIMS DERIVATIVELY THROUGH SUCH PERSON, FOR INDIRECT, PUNITIVE, EXEMPLARY
OR CONSEQUENTIAL DAMAGES THAT ARISE OR MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER. SERVICER SHALL NOT BE RESPONSIBLE OR LIABLE TO SUB-SERVICER, ANY SUCCESSOR, ASSIGNEE OR THIRD PARTY BENEFICIARY OF SUB-SERVICER OR ANY OTHER
PERSON ASSERTING CLAIMS DERIVATIVELY THROUGH SUCH PERSON, FOR INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES THAT ARISE OR MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER. 

Section 7.13 Further Assurances. Sub-Servicer shall, at its sole cost and expense, promptly and duly execute and deliver any and
all further instruments and documents, and take such further action, that may be necessary or desirable or that Servicer may request to enable Servicer to exercise and enforce its rights under this Agreement or otherwise carry out more effectively
the provisions and purposes of this Agreement or the Servicing Agreement with respect to the Sub-Serviced Assets. 
 Section
7.14 Waiver of Setoff. Sub-Servicer hereby waives any right of setoff that it may have for amounts owing to it under or in connection with this Agreement. 
 Section 7.15 Other Activities of Sub-Servicer. Nothing herein shall prevent Sub-Servicer or its Affiliates from engaging in other businesses or, in their sole and absolute discretion, from acting
in a similar capacity as an administrator for any other Person even though such Person may engage in business activities similar to those of Servicer. 

  
 25 









 Section 7.16 Pledge of Assets. Sub-Servicer hereby acknowledges that the Issuer has
granted a security interest in the Sub-Serviced Assets to the Indenture Trustee, and hereby waives any defenses it may have against the Indenture Trustee for the enforcement of this Agreement in the event of foreclosure by the Indenture Trustee
against the Sub-Serviced Assets. Accordingly, the parties hereto agree that, in the event of foreclosure by the Indenture Trustee against the Sub-Serviced Assets, the Indenture Trustee shall have the right to enforce this Agreement and the full
performance by the parties hereto of their obligations and undertakings set forth herein. 
 Section 7.17 Third-Party
Beneficiaries. Each Sub-Servicer Indemnified Person is an express third-party beneficiary hereof and shall have the right to enforce Article V of this Agreement against Sub-Servicer as if it was a party hereto. 

[Signatures Follow] 

  
 26 









 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of
the date first above written. 
  

					
	GENERAL ELECTRIC CAPITAL CORPORATION,
      as Servicer
		
	By:	 	/s/ Paul DeDomenico
		 	Name:	 	Paul DeDomenico
		 	Title:	 	Authorized Signatory



  
 S-1









 
					
	NBCUNIVERSAL MEDIA, LLC, as Sub-Servicer
		
	By:	 	/s/ Lynn Calpeter
		 	Name:	 	Lynn Calpeter
		 	Title:	 	Executive Vice President and Chief Financial Officer



  
 S-2









 EXHIBIT A 

Servicing Agreement 
 (attached) 

  

					
	13501231 10336677	  	Exh. A-1	  	NBCU Sub-Servicing Agreement









 EXECUTION COPY 

 
  

 
 SERVICING AGREEMENT

 between 
 NBCU ACCOUNTS RECEIVABLE FUNDING MASTER NOTE TRUST 
 and 

GENERAL ELECTRIC CAPITAL CORPORATION, 
 as Servicer 
 Dated as of February 4, 2011 

 
  

 

  

					
		 		  	NBCU Funding
		 		  	Servicing Agreement









 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	 	DEFINITIONS AND INTERPRETATION	  			
			
	 SECTION 1.1
	 	 Definitions
	  	 	1	  
	 SECTION 1.2
	 	 Other Interpretive Matters
	  	 	7	  
			
	ARTICLE II	 	APPOINTMENT OF SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF SERVICER	  			
			
	 SECTION 2.1
	 	 Appointment of Servicer
	  	 	8	  
	 SECTION 2.2
	 	 Duties and Responsibilities of Servicer
	  	 	8	  
	 SECTION 2.3
	 	 Unrelated Amounts
	  	 	8	  
	 SECTION 2.4
	 	 Authorization of Servicer
	  	 	8	  
	 SECTION 2.5
	 	 Servicing Fees
	  	 	9	  
	 SECTION 2.6
	 	 Covenants of Servicer
	  	 	9	  
	 SECTION 2.7
	 	 Reporting Requirements
	  	 	10	  
	 SECTION 2.8
	 	 Notices to Issuer
	  	 	11	  
	 SECTION 2.9
	 	 Collections
	  	 	11	  
	 SECTION 2.10
	 	 Allocations and Disbursements
	  	 	11	  
	 SECTION 2.11
	 	 New Series
	  	 	11	  
	 SECTION 2.12
	 	 Maintenance of Security Interests
	  	 	11	  
			
	ARTICLE III	 	REPRESENTATIONS AND WARRANTIES	  			
			
	 SECTION 3.1
	 	 Representations and Warranties of Servicer
	  	 	11	  
			
	ARTICLE IV	 	ADDITIONAL MATTERS RELATING TO SERVICER	  			
			
	 SECTION 4.1
	 	 Covenants of Servicer Regarding the Serviced Receivables
	  	 	12	  
	 SECTION 4.2
	 	 Merger or Consolidation of, or Assumption of the Obligations of, Servicer
	  	 	13	  
	 SECTION 4.3
	 	 Access to Certain Documentation and Information Regarding the Receivables
	  	 	14	  
			
	ARTICLE V	 	SERVICER DEFAULTS	  			
			
	 SECTION 5.1
	 	 Servicer Defaults
	  	 	14	  
			
	ARTICLE VI	 	SUCCESSOR SERVICER	  			
			
	 SECTION 6.1
	 	 Resignation of Servicer
	  	 	15	  
	 SECTION 6.2
	 	 Appointment of the Successor Servicer
	  	 	15	  
	 SECTION 6.3
	 	 Duties of Servicer
	  	 	16	  
	 SECTION 6.4
	 	 Effect of Termination or Resignation
	  	 	16	  
			
	ARTICLE VII	 	INDEMNIFICATION	  			
			
	 SECTION 7.1
	 	 Indemnities by Servicer
	  	 	16	  
	 SECTION 7.2
	 	 Limitation of Damages; Indemnified Persons
	  	 	16	  
	 SECTION 7.3
	 	 Limitation on Liability of Servicer and Others
	  	 	17	  


  

					
		 	i	  	NBCU Funding
		 		  	Servicing Agreement









 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE VIII
	 	MISCELLANEOUS	  			
			
	 SECTION 8.1
	 	 Notices
	  	 	17	  
	 SECTION 8.2
	 	 Binding Effect; Assignability
	  	 	18	  
	 SECTION 8.3
	 	 Termination; Survival of Obligations
	  	 	19	  
	 SECTION 8.4
	 	 Confidentiality
	  	 	19	  
	 SECTION 8.5
	 	 No Proceedings
	  	 	19	  
	 SECTION 8.6
	 	 Complete Agreement; Modification of Agreement
	  	 	19	  
	 SECTION 8.7
	 	 Amendments and Waivers
	  	 	19	  
	 SECTION 8.8
	 	 No Waiver; Remedies
	  	 	19	  
	 SECTION 8.9
	 	 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	  	 	20	  
	 SECTION 8.10
	 	 Counterparts
	  	 	21	  
	 SECTION 8.11
	 	 Severability
	  	 	21	  
	 SECTION 8.12
	 	 Section Titles
	  	 	21	  
	 SECTION 8.13
	 	 Limited Recourse
	  	 	21	  
	 SECTION 8.14
	 	 Further Assurances
	  	 	22	  
	 SECTION 8.15
	 	 Pledge of Assets
	  	 	22	  
	 SECTION 8.16
	 	 Waiver of Setoff
	  	 	22	  
	 SECTION 8.17
	 	 Other Activities of the Servicer
	  	 	22	  
	 SECTION 8.18
	 	 Not Applicable to General Electric Capital Corporation in Other Capacities
	  	 	22	  
	 SECTION 8.19
	 	 Limitation of Liability of the Trustee
	  	 	22	  
			
	 EXHIBITS
	 		  			
			
	 EXHIBIT A
	 	 Reporting Dates
	  			
			
	 SCHEDULES
	 		  			
			
	 SCHEDULE 2.7
	 	 Reporting Requirements
	  			


  

					
		 	ii	  	NBCU Funding
		 		  	Servicing Agreement









 This SERVICING AGREEMENT, dated as of February 4, 2011 (this
“Agreement” or the “Servicing Agreement”), is entered into between NBCU ACCOUNTS RECEIVABLE FUNDING MASTER NOTE TRUST, a Delaware statutory trust (“Issuer”) and GENERAL ELECTRIC CAPITAL
CORPORATION, in its capacity as initial Servicer (as defined below). 
 In consideration of the premises and the mutual
covenants hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS AND INTERPRETATION 
 SECTION 1.1 Definitions. 
 “Adjusted Receivable Balance” is
defined in the NBCU Sale and Contribution Agreement. 
 “Affiliate” means, with respect to any Person,
(a) each Person that controls, is controlled by or is under common control with such Person, or (b) each of such Person’s officers, directors, joint venturers and partners. For the purposes of this definition, “control” of a
Person means the possession, directly or indirectly, of the power to direct or cause the direction of its management or policies, whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” is defined in the preamble. 
 “Authorized Officer” means, with respect to any corporation or statutory trust, as appropriate, the Chairman or Vice-Chairman of the Board, the President, any Vice President, the
Secretary, the Treasurer, any Assistant Secretary, any Assistant Treasurer, and each other officer or employee of such corporation or trustee or agent to such statutory trust, as appropriate, specifically authorized in resolutions of the Board of
Directors of such corporation or in the documents or agreements of such statutory trust, as appropriate, to sign agreements, instruments or other documents on behalf of such corporation or statutory trust in connection with the transactions
contemplated by this Agreement. 
 “Business Day” means any day that is not a Saturday, a Sunday or a day on
which banks are required or permitted to be closed in the State of New York, the state of Servicer’s principal place of business (which as of the Closing Date is Connecticut) or the state of any Sub-Servicer’s principal place of business
to the extent notice thereof is given to Issuer. 
 “Closing Date” means February 4, 2011. 

“Collections” means, for any Serviced Receivable and for any period, without duplication, the sum of (a) all
amounts, whether in the form of cash, checks, drafts, or other instruments, received in payment of, or applied to, any amount owed by an Obligor on account of such Serviced Receivable during such period, including all amounts received on account of
such Serviced Receivable (including interest) and all other fees and charges, (b) all proceeds 

  

					
		 		  	NBCU Funding
		 		  	Servicing Agreement









 
from the sale or other disposition of such Serviced Receivables and Related Security (other than the sale to Seller under the Subsidiary Sale Agreement, the sale to NBCU SPE under the NBCU Sale
and Contribution Agreement, the transfer to Transferor under the NBCU SPE Transfer Agreement and the transfer to Issuer under the Transfer Agreement), (c) payments with respect to such Serviced Receivable for or on account of any Dilutions that
have been, or deemed to have been, collected, and (d) payments allocable to such Serviced Receivable for the breach of any representation, warranty or covenant with respect to the Transferred Assets. 

“Collection Account” means the deposit account from time to time designated as such pursuant to the Indenture.

 “Contract” means any agreement (including any purchase order or invoice) pursuant to, or under which, an
Obligor (and, if applicable, the related advertising agency if such Obligor is an advertiser customer) shall be obligated to make payments with respect to any Serviced Receivable. A “related” Contract or a Contract “with respect
to” any Serviced Receivable, means, as the context requires, a contract under which such Serviced Receivable arises or which is relevant to the collection or enforcement of such Serviced Receivable and, in the event a Serviced Receivable is
issued pursuant to an agreement and an invoice or purchase order issued pursuant to such agreement, the “related” Contract includes both such agreement and purchase order or invoice, and for purposes of determining when such Serviced
Receivable is created, or when such Contract is dated, shall be dated the date specified in such purchase order or invoice. 

“Credit and Collection Policies” is defined in the NBCU Sale and Contribution Agreement. 

“Custodian” means Deutsche Bank Trust Company Americas acting as custodian pursuant to the Custody and Control
Agreement. 
 “Custody and Control Agreement” means the Custody and Control Agreement, dated as
February 4, 2011, among Issuer, Deutsche Bank Trust Company Americas, as custodian, and the Indenture Trustee. 

“Defaulted Receivable” is defined in the NBCU Sale and Contribution Agreement. 

“Dollars” or “$” means lawful currency of the United States of America. 

“GE Capital” means General Electric Capital Corporation, a Delaware corporation. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any central
bank (or similar monetary or regulatory authority) thereof, and any body or entity exercising executive, legislative, judicial, regulatory or administrative functions thereof or pertaining thereto. 

“Indemnified Amounts” means, with respect to any Person, any and all suits, actions, proceedings, claims, damages,
losses, liabilities and expenses (including reasonable attorneys’ fees and disbursements and other costs of investigation or defense, including those incurred upon any appeal). 

  

					
		 	2	  	NBCU Funding
		 		  	Servicing Agreement









 “Indenture” means the Master Indenture, dated as of February 4, 2011,
between Issuer and the Indenture Trustee. 
 “Indenture Supplement” means, with respect to any Series, a
supplement to the Indenture, executed and delivered in connection with the original issuance of the Notes of such Series. 

“Indenture Trustee” means Deutsche Bank Trust Company Americas, in its capacity as indenture trustee under the
Indenture. 
 “Insolvency Event” means, with respect to a specified Person: (a) the
commencement by a court having jurisdiction in the premises of an involuntary action seeking: (i) a decree or order for relief in respect of such Person in a case or proceeding under any applicable federal or state bankruptcy, insolvency,
reorganization, or other similar law, (ii) the appointment of a custodian, receiver, liquidator, assignee, trustee, sequestrator, or other similar official of such Person or (iii) the winding up or liquidation of such Person’s
affairs, and notwithstanding the objection by such Person any such action shall have remained undischarged or unstayed for a period of 90 consecutive days or any order or decree providing the sought after relief, remedy or other action shall have
been entered; (b) the commencement by such Person of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization, or other similar law or of any other case or proceeding to be adjudicated a
bankrupt or insolvent; (c) the consent by such Person to the entry of a decree or order for relief in respect of such Person in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or
other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it; (d) the filing by such Person of a petition or answer or consent seeking reorganization or relief under any applicable federal or state law;
(e) the consent by such Person to the filing of a petition seeking reorganization or relief under any applicable federal or state law or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator, or similar official of such Person or of any substantial part of its property; or (f) the making by such Person of an assignment for the benefit of creditors, or such Person’s failure to pay its debts generally as they become
due, or the taking of corporate action by such Person in furtherance of any such action.  

“Issuer” is defined in the preamble. 
 “Lien” means any mortgage or deed of trust, pledge, hypothecation, assignment, deposit arrangement, lien, charge, security interest, easement or encumbrance, or preference, priority or
other security agreement or preferential arrangement of any kind or nature whatsoever (including any lease or title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and the filing of, or
agreement to give, any financing statement perfecting a security interest under the UCC or comparable law of any jurisdiction). 

“Litigation” means, with respect to any Person, any action, claim, lawsuit, demand, investigation or proceeding pending
against such Person before any court, board, commission, agency or instrumentality of any federal, state, local or foreign government or of any agency or subdivision thereof or before any arbitrator or panel of arbitrators. 

  

					
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 “Material Adverse Effect” means, with respect to Servicer, a material
adverse effect on (a) the ability of Servicer to perform any of its obligations hereunder in accordance with the terms hereof, or (b) the validity or enforceability of any Related Document to which Servicer is a party or the rights and
remedies of Issuer under any Related Document. 
 “Monthly Servicing Fee” is defined in
Section 2.5(a). 
 “Moody’s” means Moody’s Investors Service, Inc. 

“NBCU Sale and Contribution Agreement” means the NBCU Receivables Sale and Contribution Agreement, dated as of
February 4, 2011, between NBCU SPE and Seller. 
 “NBCU SPE” means NBCUniversal Funding, LLC, a Delaware
limited liability company. 
 “NBCU SPE Transfer Agreement” means that certain NBCU Transfer Agreement, dated
as of February 4, 2011, between NBCU SPE and Transferor. 
 “New Issuance” is defined in
Section 2.11. 
 “Notes” means all notes issued by Issuer pursuant to the Indenture and the
applicable Indenture Supplements. 
 “Obligor” means, as to each Receivable, any Person obligated to make
payments under such Receivable; provided that when used with reference to a Receivable arising from cable or network advertising sales as to which both an advertising agency and an advertiser customer are jointly and severally liable,
“Obligor” shall mean the advertiser customer. 
 “Officer’s Certificate” means, with respect to
any Person, a certificate signed by an Authorized Officer of such Person. 
 “Opinion of Counsel” means a
written opinion of counsel, who may be counsel for, or an employee of, the Person providing the opinion. 
 [***] 

“Permitted Encumbrances” is defined in the Transfer Agreement. 

“Person” means any individual, sole proprietorship, partnership, joint venture, unincorporated organization, trust,
association, corporation (including a business or statutory trust), limited liability company, institution, public benefit corporation, joint stock company, Governmental Authority or any other entity of whatever nature. 

“Receivable” is defined in the NBCU Sale and Contribution Agreement. 

“Records” means all Contracts and other documents, books, records and other information (including computer programs,
tapes, disks, data processing software and related property and rights, but excluding any computer programs or software subject to a licensing 

  

					
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arrangement or other contractual provisions that would restrict the transfer or pledge thereof), prepared and maintained by Seller, Servicer, any Transferring Subsidiary, any Sub-Servicer or
Issuer with respect to the Serviced Receivables and the Obligors (and related advertising agency if such Obligor is an advertiser customer) thereunder. 
 “Related Documents” means this Agreement, any Sub-Servicing Agreement, the Indenture, the Indenture Supplements and any other document heretofore, now or hereafter executed by or on
behalf of any Person, or any employee of any Person, and delivered in connection with any of the foregoing or the transactions contemplated thereby. 
 “Related Security” means, with respect to any Serviced Receivable, (a) all guarantees, insurance or other agreements or arrangements of any kind from time to time supporting or
securing payment of such Serviced Receivable whether pursuant to the Contract related to such Serviced Receivable or otherwise (including rights (if any) to receive proceeds on insurance policies covering the Obligors); and (b) all Records
relating to such Receivable. 
 “Reporting Date” means the date indicated as such on Exhibit A as such
Exhibit A may be updated from time to time by notice containing an updated Exhibit A from Servicer to Issuer. 

“Requirements of Law” means, as to any Person, the certificate of incorporation or articles of association and by-laws
or other organizational or governing documents of such Person, and any law, treaty, rule or regulation, or determination of an arbitrator or Governmental Authority, in each case applicable to or binding upon such Person or to which such Person is
subject, whether federal, state or local. 
 “S&P” means Standard & Poor’s Ratings Services,
a Standard & Poor’s Financial Services LLC business. 
 “Seller” means NBCUniversal Media, LLC, a
Delaware limited liability company, in its capacity as “Seller” under the NBCU Sale and Contribution Agreement. 

“Series” means any series of Notes, which may include within any such Series a class or classes of Notes subordinate to
another such class or classes of Notes. 
 “Series Closing Date” means, with respect to any Series, the date of
issuance of such Series. 
 “Serviced Receivable” means all of the Transferred Receivables, except as set forth
in the proviso in the definition of “Transferred Receivables”. 
 “Servicer” means each of GE
Capital, in its capacity as Servicer under this Agreement, or any other Person designated as a Successor Servicer. 

“Servicer Default” is defined in Section 5.1. 

“Servicer Indemnified Person” is defined in Section 7.1. 

  

					
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 “Servicer Termination Notice” means any notice by Issuer to Servicer that
(a) a Servicer Default has occurred and (b) Servicer’s appointment under this Agreement has been terminated. 

“Servicing Records” means all documents, books, Records and other information (including computer programs, tapes, data
tapes, disks, data processing software and related property and rights) maintained by Servicer with respect to the Serviced Receivables and the Obligors (and related advertising agency if such Obligor is an advertiser customer) thereunder.

 “Settlement Date” is defined in the NBCU Sale and Contribution Agreement. 

“Settlement Period” is defined in the NBCU Sale and Contribution Agreement. 

“Sub-Serviced Assets” is defined in the applicable Sub-Servicing Agreement. 

“Sub-Servicer” means any Person with whom Servicer enters into a Sub-Servicing Agreement. 

“Sub-Servicing Agreement” means any written contract entered into between Servicer and any Sub-Servicer pursuant to and
in accordance with Section 2.1 relating to the servicing, administration or collection of the Serviced Receivables. 

“Sub-Servicing Records” means all documents, books, Records and other information (including computer programs, tapes,
data tapes, disks, data processing software and related property and rights) maintained by Sub-Servicer with respect to the Sub-Serviced Assets and the Obligors (and related advertising agency if such Obligor is an advertiser customer) related
thereto. 
 “Subsidiary Sale Agreement” means the Subsidiary Sale Agreement, dated as of February 4, 2011,
among the Transferring Subsidiaries and Seller. 
 “Successor Servicer” is defined in Section 6.2.

 “Transfer Agreement” means the Transfer Agreement, dated as of February 4, 2011, between Transferor and
Issuer. 
 “Transfer Date” is defined in the Transfer Agreement. 

“Transferor” means Working Capital Solutions NBCU Funding LLC, a limited liability company organized under the laws of
Delaware. 
 “Transferred Receivables” means each Receivable purchased or otherwise acquired by Issuer pursuant
to the Transfer Agreement. 
 “Transferring Subsidiary” is defined in the Subsidiary Sale Agreement.

 “Trust Accounts” is defined in the Indenture. 

“Trust Agreement” means the Amended and Restated Trust Agreement, dated as of February 4, 2011, between Transferor
and Trustee. 

  

					
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 “Trustee” means BNY Mellon Trust of Delaware, not in its individual
capacity but solely as trustee pursuant to the Trust Agreement. 
 “UCC” means, with respect to any
jurisdiction, the Uniform Commercial Code as the same may, from time to time, be enacted and in effect in such jurisdiction. 

“Unrelated Amounts” is defined in Section 2.3. 

SECTION 1.2 Other Interpretive Matters. All terms defined directly or by incorporation in this Agreement shall have the defined
meanings when used in any certificate or other document delivered pursuant thereto unless otherwise defined therein. For purposes of this Agreement and all certificates and other documents, unless the context otherwise requires: (a) accounting
terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under generally accepted accounting principles; (b) unless
otherwise provided, references to any month, quarter or year refer to a calendar month, quarter or year; (c) terms defined in Article 9 of the UCC and not otherwise defined in this Agreement are used as defined in that Article;
(d) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day; (e) the words “hereof”, “herein” and “hereunder” and words of similar
import refer to this Agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of this Agreement (or such certificate or document); (f) references to any Section, Schedule or Exhibit
are references to Sections, Schedules and Exhibits in or to this Agreement (or the certificate or other document in which the reference is made), and references to any paragraph, subsection, clause or other subdivision within any Section or
definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (g) the term “including” means “including without limitation”; (h) references to any law or regulation refer to
that law or regulation as amended from time to time and include any successor law or regulation; (i) references to any agreement refer to that agreement as from time to time amended, restated or supplemented or as the terms of such agreement
are waived or modified in accordance with its terms; (j) references to any Person include that Person’s successors and assigns and (k) any references to any rating by S&P or Moody’s, as applicable, shall mean the
equivalent rating, by such rating agency if such rating agency modifies its rating denomination system. 
 ARTICLE II

 APPOINTMENT OF SERVICER; CERTAIN DUTIES 
 AND RESPONSIBILITIES OF SERVICER 
 SECTION 2.1 Appointment of
Servicer. Issuer hereby appoints Servicer as its agent to service the Serviced Receivables and enforce its rights and interests in and under the Serviced Receivables and to serve in such capacity until the termination of its responsibilities
pursuant to Sections 5.1 or 6.1. In connection therewith, Servicer hereby accepts such appointment and agrees to perform the duties and obligations set forth herein. Servicer may delegate any duties or obligations; provided,
that (a) Servicer shall remain liable for the performance of such duties and obligations pursuant to the terms hereof and (b) any Sub-Servicing Agreement that may be entered into with, and any other transactions or services relating to the
Serviced Receivables 

  

					
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involving, a Sub-Servicer shall be deemed to be between the Sub-Servicer and Servicer alone, and Issuer shall not be deemed party thereto and shall have no obligations, duties or liabilities with
respect to the Sub-Servicer. 
 SECTION 2.2 Duties and Responsibilities of Servicer. (a) Subject to the provisions
of this Agreement, Servicer shall conduct the servicing, administration and collection of the Serviced Receivables in accordance with the Credit and Collection Policies. 

(b) Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the
Serviced Receivables from the procedures, offices, employees and accounts used by Servicer in connection with servicing other receivables. 
 (c) Servicer shall deliver “Instructions”, as that term is defined in the Custody and Control Agreement on behalf of Issuer, and shall direct the Custodian as to the investment of funds credited
to the Trust Accounts; provided that Servicer will direct the Custodian to invest only in Permitted Investments (as such term is defined in the Custody and Control Agreement) maturing no later than the required distribution date for such
funds or, if earlier, the date specified in the Related Documents. 
 SECTION 2.3 Unrelated Amounts. If Servicer
determines that amounts which are not property of Issuer (the “Unrelated Amounts”) have been deposited in the Collection Account, Servicer shall withdraw the Unrelated Amounts from the Collection Account, and the same shall not be
treated as Collections on Serviced Receivables and shall not be subject to the provisions of Section 2.10. 

SECTION 2.4 Authorization of Servicer. Servicer is hereby authorized to take any and all reasonable steps necessary or desirable
and consistent with the ownership of the Serviced Receivables by Issuer and the pledge of the Serviced Receivables to the Indenture Trustee under the Indenture in the determination of Servicer, to (a) collect all amounts due under the Serviced
Receivables, including endorsing its name on checks and other instruments representing Collections on the Serviced Receivables, and executing and delivering any and all instruments of satisfaction or cancellation or of partial or full release or
discharge and all other comparable instruments with respect to the Serviced Receivables, (b) after a Serviced Receivable is delinquent or after a Serviced Receivable becomes a Defaulted Receivable (or if a Serviced Receivable is at risk of
imminently becoming a Defaulted Receivable) and to the extent permitted under and in compliance with applicable law and regulations, (i) commence proceedings with respect to the enforcement of payment of such Serviced Receivable and the related
Contract, (ii) adjust, settle or compromise any payments due thereunder and (iii) initiate proceedings against any collateral securing the obligations due under such Serviced Receivable, and otherwise enforce and exercise rights with
respect to such collateral and the related Contract, in each case, consistent with the Credit and Collection Policies, (c) to direct the Indenture Trustee to make withdrawals from the Trust Accounts, in accordance with this Agreement, the
Indenture or any Indenture Supplement, (d) to take any action required or permitted under any enhancement for any Series or class of Notes, as set forth in this Agreement, the Indenture or any Indenture Supplement and (e) to deliver
instructions and other directions as to the investment of funds credited to the Trust Accounts on behalf of Issuer in accordance with Section 2.2(c). 

  

					
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Issuer shall furnish (or cause to be furnished) to Servicer any powers of attorney and other documents necessary or appropriate to enable Servicer to carry out its servicing and administrative
duties hereunder, and Issuer shall assist Servicer to the fullest extent to enable Servicer to collect the Serviced Receivables and otherwise discharge its duties hereunder. 
 SECTION 2.5 Servicing Fees. (a) As compensation for its servicing activities and as reimbursement for its reasonable expenses in connection therewith, Servicer shall be entitled to receive a
monthly servicing fee in respect of any Settlement Period (or portion thereof) prior to the termination of Servicer’s obligations under this Agreement (the “Monthly Servicing Fee”). 

(b) The Monthly Servicing Fee for each Settlement Period shall equal one-twelfth of the product of (a) the aggregate
outstanding balance of Serviced Receivables at the beginning of the prior Settlement Period and (b) [***]%. The share of the Monthly Servicing Fee allocable to each Series of Notes shall be payable on the dates and in the amounts specified in
the related Indenture Supplement. Servicer shall be required to pay for all expenses incurred by it in connection with its activities hereunder (including any payments to accountants, counsel or any other Person, but not including federal, state,
local, income or franchise taxes of Issuer) and shall not be entitled to any payment or reimbursement of those expenses other than the Monthly Servicing Fees (or payments it may receive in a separate capacity). 

SECTION 2.6 Covenants of Servicer. Servicer covenants and agrees that from and after the Closing Date and until the date on which
the outstanding balances of all Serviced Receivables have been reduced to zero: 
 (a) Ownership of Serviced
Receivables. Servicer shall, and shall cause (through enforcement of the applicable Sub-Servicing Agreement) each Sub-Servicer to, identify the Serviced Receivables clearly and unambiguously in its computer files to reflect that the Serviced
Receivables are owned by Issuer. 
 (b) Requirements of Law. Servicer shall (i) duly satisfy all
obligations on its part to be fulfilled under or in connection with the Serviced Receivables, (ii) maintain in effect all qualifications required under Requirements of Law in order to properly service the Serviced Receivables and
(iii) comply in all material respects with all other Requirements of Law in connection with servicing the Serviced Receivables, if in the case of any of the foregoing clauses (i), (ii) and (iii), the failure to so
satisfy, comply or maintain would have a Material Adverse Effect or a material adverse effect on the collectability of the Serviced Receivables taken as a whole. 

(c) No Rescission or Cancellation. Servicer shall not permit any rescission, modification, amendment or
cancellation of a Serviced Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in accordance with the Credit and Collection Policies. Servicer shall reflect any such rescission, modification,
amendment or cancellation in its computer files. 
 (d) Accuracy of Certain Information. The information
included in the monthly report (other than any Excluded Information (as defined in the Transfer 

  

					
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Agreement)) furnished by the Servicer in accordance with Section 2.7 with respect to the Serviced Receivables (including the information provided with respect to the historical
information attached as Exhibit E to each Indenture Supplement) for the purposes of, or in connection with, this Agreement with respect to the Serviced Receivables will be true, complete and correct in all material respects on the date as of which
such information was stated or certified, or as of the date most recently updated thereafter. All Excluded Information heretofore furnished by the Servicer actually reflects the Excluded Information delivered by Seller to the Servicer, directly or
indirectly, pursuant to the Related Documents. 
 If Servicer breaches any of the covenants contained in paragraph
(b) or (c) with respect to any Serviced Receivable, and as a result of such breach, Issuer’s rights in, to or under any Serviced Receivable(s) or the proceeds of such Serviced Receivable are materially impaired or such
proceeds are not available for any reason to Issuer free and clear of any Lien, then no later than the expiration of 90 days (or such longer period, not in excess of 150 days, as may be agreed to by Issuer) from the earlier to occur of the discovery
of such event by Servicer, or receipt by Servicer of notice of such event given by Issuer, all Serviced Receivables to which such event relates shall be assigned to Servicer as set forth below; provided that such Serviced Receivables will not
be assigned to Servicer if, on any day prior to the end of such 90-day period, the relevant breach shall have been cured and the covenant shall have been complied with in all material respects. 

As a condition precedent to any such assignment, Servicer shall pay Issuer in immediately available funds prior to the Settlement Date
following the Settlement Period in which such purchase obligation arose, an amount equal to the Adjusted Receivable Balance of such affected Serviced Receivables at such time, which deposit shall be considered a Collection with respect to such
Serviced Receivables. 
 The obligation of Servicer to make the deposits, if any, required to be made pursuant to this
Section 2.6 shall be the sole remedy respecting any event giving rise to such obligation available to Issuer or any assignee of its rights under this Agreement. 
 Upon each such assignment to Servicer, Issuer shall automatically and without further action be deemed to transfer, assign, set over and otherwise convey to Servicer, without recourse, representation or
warranty, all right, title and interest of Issuer in and to such Serviced Receivables, all moneys due or to become due and all amounts received with respect thereto and all proceeds thereof. Issuer shall execute such documents and instruments of
transfer or assignment and take such other actions as shall be reasonably requested by Servicer to effect the conveyance of any such Serviced Receivables pursuant to this Section 2.6. 

SECTION 2.7 Reporting Requirements. Servicer hereby agrees that, from and after the Closing Date and until the date on which the
outstanding balances of all Serviced Receivables have been reduced to zero, it shall deliver or cause to be delivered on each applicable Reporting Date financial statements, notices, and other information to the Persons and in a manner set forth in
Schedule 2.7. At the request of Issuer, Servicer shall request from the applicable Obligor (and related advertising agency if such Obligor is an advertiser customer) any notices, documents,


  

					
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reports, correspondence, communications and other information which pertain to the related Serviced Receivable. 
 SECTION 2.8 Notices to Issuer. If GE Capital is no longer acting as Servicer, any Successor Servicer appointed pursuant to Section 6.2 shall deliver or make available to Issuer each
certificate and report required to be prepared, forwarded or delivered thereafter pursuant to Section 2.7. 

SECTION 2.9 Collections. Servicer shall deposit all Collections received by it and, without duplication, all Collections received
by Sub-Servicer but not yet remitted to Servicer or NBCU SPE, as specified in the Sub-Servicer Records, and apply all Collections with respect to the Serviced Receivables for each Settlement Period as described in the Indenture and each Indenture
Supplement. 
 SECTION 2.10 Allocations and Disbursements. With respect to each Series, Servicer shall make the
allocations and disbursements for such Series on behalf of Issuer as is required to be made by Issuer under the terms of the Indenture and the Indenture Supplement for such Series. 

SECTION 2.11 New Series. Pursuant to one or more Indenture Supplements, Issuer may issue one or more new Series of Notes (a
“New Issuance”), as more fully described in the Indenture. To enable Servicer to perform its obligations pursuant to Sections 2.9 and 2.10, Issuer shall give reasonable prior notice to Servicer of each New Issuance and
shall provide Servicer an opportunity to review and comment upon each Indenture Supplement. All outstanding Series shall be equally and ratably entitled as provided herein to the benefits of this Agreement without preference, priority or
distinction, all in accordance with the terms and provisions of this Agreement except, with respect to any Series, as provided in the related Indenture Supplement. 
 SECTION 2.12 Maintenance of Security Interests. Servicer shall take such steps as are necessary to maintain perfection of Issuer’s security interest in the Serviced Receivables and Issuer
hereby authorizes Servicer to take such steps as are necessary to re-perfect such security interest on behalf of Issuer or its assigns for any reason, including the filing of UCC financing statements (and any amendments or continuations) without the
related debtor’s signature. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 3.1 Representations and
Warranties of Servicer. Servicer represents and warrants to Issuer as of the Closing Date and as of each Series Closing Date: 
 (a) It is a corporation, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and is duly qualified to do business, and is in good standing, in each
jurisdiction in which the servicing of the Serviced Receivables hereunder requires it to be so qualified, except where the failure to comply would not reasonably be expected to have a Material Adverse Effect. 

  

					
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 (b) It has the power and authority to execute and deliver this Agreement and
to perform its obligations contemplated hereby. 
 (c) This Agreement has been duly authorized, executed and
delivered by Servicer and constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms, subject to any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in
effect relating to or affecting the enforceability of creditors’ rights generally and general equitable principles, whether applied in a proceeding at law or in equity. 

(d) No consent of, notice to, filing with or permits, qualifications or other action by any Governmental Authority or any
other party is required for the due execution, delivery and performance of this Agreement, other than consents, notices, filings and other actions which have been obtained or made or where the failure to obtain such consent or take such action,
individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 (e)
There is no pending Litigation of a material nature against or affecting it in any court or tribunal, before any arbitrator of any kind or before or by any Governmental Authority (i) asserting the invalidity of this Agreement, or
(ii) seeking any determination or ruling that might materially and adversely affect the validity or enforceability of this Agreement. 
 ARTICLE IV 
 ADDITIONAL MATTERS RELATING TO SERVICER 

SECTION 4.1 Covenants of Servicer Regarding the Serviced Receivables. 

(a) Records and Books of Account. Servicer shall maintain and implement, and shall (through enforcement of the
applicable Sub-Servicing Agreement) cause each Sub-Servicer to maintain and implement, administrative and operating procedures (including the ability to recreate records evidencing the Serviced Receivables in the event of the destruction of the
originals thereof), and keep and maintain all documents, books, computer records and other information, reasonably necessary or advisable for the collection of all the Serviced Receivables. Such documents, books and computer records shall reflect
all facts giving rise to the Serviced Receivables, all payments and credits with respect thereto, and such documents, books and computer records shall indicate the interests of Issuer in the Serviced Receivables. 

(b) Servicer Default. If a Servicer Default shall have occurred and be continuing, promptly upon request therefor,
Servicer shall deliver to Issuer records reflecting activity through the close of business on the Business Day immediately preceding the Servicer Default. Upon the occurrence and during the continuation of a Servicer Default, Servicer shall
(i) deliver and turn over to Issuer or to its representatives, or at the option of Issuer shall provide Issuer or its representatives with access to, at any time, on demand of Issuer, all of Servicer’s facilities, personnel, books and
records 

  

					
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pertaining to the Serviced Receivables, including all Records, and (ii) allow Issuer to occupy the premises of Servicer where such books, records and Records are maintained, and utilize such
premises, the equipment thereon and any personnel of Servicer that Issuer may wish to employ to administer, service and collect the Serviced Receivables; provided, notwithstanding the foregoing, neither Issuer nor any beneficiary hereof shall
have any right under the foregoing or any other provision hereunder to hold, review, view, audit or otherwise possess any Contract prior to the occurrence of a Servicer Default and the exercise of remedies thereafter. 

(c) Notice of Liens. Servicer shall advise Issuer promptly, in reasonable detail, (i) of any Liens (other than
Permitted Encumbrances) known to it that is made or asserted against any Serviced Receivable, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Serviced Receivables.

 (d) Further Assurances. Servicer shall furnish to Issuer from time to time such statements and
schedules further identifying and describing the Serviced Receivables and such other reports in connection with the Serviced Receivables as Issuer may reasonably request, all in reasonable detail. 

SECTION 4.2 Merger or Consolidation of, or Assumption of the Obligations of, Servicer. 

(a) Servicer shall not consolidate with or merge into any other Person or convey or transfer its properties and assets
substantially as an entirety to any Person, unless: 
 (i) the Person formed by such consolidation or into which
Servicer is merged or the Person which acquires by conveyance or transfer the properties and assets of Servicer substantially as an entirety shall be, if Servicer is not the surviving entity, an entity organized and existing under the laws of the
United States of America, any state thereof or the District of Columbia, and, if Servicer is not the surviving entity, such entity shall expressly assume, by an agreement supplemental hereto, executed and delivered to Issuer in form reasonably
satisfactory to Issuer, the performance of every covenant and obligation of Servicer hereunder; and 
 (ii)
Servicer has delivered to Issuer (A) an Officer’s Certificate stating that such consolidation, merger, conveyance or transfer and such supplemental agreement comply with this Section 4.2 and that all conditions precedent herein
provided for relating to such transaction have been complied with, and (B) an Opinion of Counsel to the effect that such supplemental agreement is a valid and binding obligation of such surviving entity enforceable against such surviving entity
in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and except as


  

					
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such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 

(b) This Section 4.2 shall not be construed to prohibit or in any way limit Servicer’s ability to
effectuate any consolidation or merger pursuant to which Servicer would be the surviving entity. 
 SECTION 4.3 Access to
Certain Documentation and Information Regarding the Receivables. Servicer shall provide to Issuer or its designees access to the documentation regarding the Serviced Receivables in such cases where Issuer or such designee is required in
connection with the enforcement of the rights of Issuer or any of its creditors, or by applicable statutes or regulations to review such documentation, such access being afforded without charge but only (i) upon reasonable request,
(ii) during normal business hours, (iii) subject to Servicer’s normal security and confidentiality procedures and (iv) at offices designated by Servicer. Nothing in this Section 4.3 shall derogate from the obligation
of any Person to observe any applicable law prohibiting disclosure of information regarding the Obligors (and related advertising agency if such Obligor is an advertiser customer), and the failure of Servicer to provide access as provided in this
Section 4.3 as a result of such obligation shall not constitute a breach of this Section 4.3. 

ARTICLE V 

SERVICER DEFAULTS 
 SECTION 5.1 Servicer Defaults. A “Servicer Default” shall be deemed to have occurred if any of the following events shall occur with respect to Servicer, and Issuer shall have provided
written notice to Servicer declaring the existence of such Servicer Default and requiring the same to be remedied: 
 (a) any failure by Servicer to make any payment, transfer or deposit on or before the date occurring ten Business Days after the date such payment, transfer or deposit is required to be made or given by
Servicer, as the case may be; provided, that, if such delay or failure was caused by an act of God or other similar occurrence, then a Servicer Default shall not be deemed to have occurred under this Section 5.1(a) until 35 Business Days
after the date of such failure; 
 (b) failure on the part of Servicer duly to observe or perform in any material
respect any other covenants or agreements of Servicer set forth in this Agreement which has a material adverse effect on Issuer, which continues unremedied for a period of 90 days after the date on which written notice of such failure requiring the
same to be remedied shall have been given to Servicer by Issuer; provided, that, if such failure was caused by an act of God or other similar occurrence, then a Servicer Default shall not be deemed to have occurred under this
Section 5.1(b) unless such failure continues unremedied for a period of 150 days after such notice; 

(c) any representation or warranty made by Servicer in this Agreement shall prove to have been incorrect when made, which
has a material adverse effect on Issuer 

  

					
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and which continues to be incorrect in any material respect for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been
given to Servicer by Issuer; provided, that, if the inaccuracy was caused by an act of God or other similar occurrence, then a Servicer Default shall not be deemed to have occurred under this Section 5.1(c) unless such
representation or warranty continues to be incorrect in any material respect for a period of 150 days after such notice; 
 (d) any Insolvency Event occurs with respect to Servicer; 
 then, in any such event, Issuer may,
by delivery of a Servicer Termination Notice to Servicer, terminate the servicing responsibilities of Servicer hereunder, without demand, protest or further notice of any kind, all of which are hereby waived by Servicer. Upon the delivery of any
such notice, all authority and power of Servicer under this Agreement shall pass to and be vested in the Successor Servicer acting pursuant to Section 6.2, provided, that notwithstanding anything to the contrary herein, Servicer
agrees to act as Servicer and to continue to follow the procedures set forth in this Agreement with respect to Collections on the Serviced Receivables under this Agreement until a Successor Servicer has assumed the responsibilities and obligations
of Servicer in accordance with Section 6.2. 
 ARTICLE VI 

SUCCESSOR SERVICER 
 SECTION 6.1 Resignation of Servicer. Servicer may resign from the obligations and duties hereby imposed on it upon determination that (i) in the determination of Servicer, the performance of
its duties hereunder has become impermissible under applicable law, and (ii) there is no commercially reasonable action which Servicer could take to make the performance of its duties hereunder permissible under applicable law. No such
resignation shall become effective until a Successor Servicer shall have assumed the responsibilities and obligations of Servicer in accordance with Section 6.2. 
 SECTION 6.2 Appointment of the Successor Servicer. In connection with the termination of Servicer’s responsibilities under this Agreement pursuant to Section 5.1 or 6.1,
Issuer shall appoint a successor servicer that shall have a long-term debt rating of at least “Baa3” by Moody’s and “BBB-” by S&P. The successor servicer shall succeed to all rights and assume all of the
responsibilities, duties and liabilities of Servicer under this Agreement (such successor servicer being referred to as the “Successor Servicer”); provided, that the Successor Servicer shall have no responsibility for any
actions of Servicer prior to the date of its appointment as Successor Servicer. The Successor Servicer shall accept its appointment by executing, acknowledging and delivering to Issuer an instrument in form and substance acceptable to Issuer and by
providing prior written notice of such appointment to the Indenture Trustee. 
 SECTION 6.3 Duties of Servicer. At any
time following the appointment of a Successor Servicer: 
 (a) Servicer agrees that it shall terminate its
activities as Servicer hereunder so as to facilitate the transfer of servicing to the Successor Servicer, including timely 

  

					
		 	15	  	NBCU Funding
		 		  	Servicing Agreement









 
delivery (i) to Issuer of any funds that were required to be deposited in the Collection Account, and (ii) to the Successor Servicer, at a place selected by the Successor Servicer, of
all Servicing Records and other information with respect to the Serviced Receivables. Servicer shall account for all funds and shall execute and deliver such instruments and do such other things as may reasonably be required to more fully and
definitely vest and confirm in the Successor Servicer all rights, powers, duties, responsibilities, obligations and liabilities of Servicer; and 
 (b) Servicer shall terminate each Sub-Servicing Agreement that may have been entered into by it and the Successor Servicer shall not be deemed to have assumed any of Servicer’s interest therein or to
have replaced Servicer as a party to any such Sub-Servicing Agreement. 
 SECTION 6.4 Effect of Termination or
Resignation. Any termination or resignation of Servicer under this Agreement shall not affect any claims that Issuer may have against Servicer for events or actions taken or not taken by Servicer arising prior to any such termination or
resignation. 
 ARTICLE VII 
 INDEMNIFICATION 
 SECTION 7.1 Indemnities by Servicer. Without
limiting any other rights that Issuer or its Affiliates or any director, officer, employee, trustee or agent or incorporator thereof (each a “Servicer Indemnified Person”) may have hereunder or under applicable law, Servicer hereby
agrees to indemnify each Servicer Indemnified Person from and against any and all Indemnified Amounts which may be imposed on, incurred by or asserted against a Servicer Indemnified Person to the extent arising out of or relating to any material
breach of Servicer’s obligations under this Agreement; excluding, however, Indemnified Amounts to the extent resulting from (i) bad faith, gross negligence or willful misconduct on the part of the Servicer Indemnified Person
or (ii) recourse for uncollectible Receivables. Any Indemnified Amounts subject to the indemnification provisions of this Section 7.1 shall be paid to the Servicer Indemnified Person within ten Business Days following demand
therefor. 
 SECTION 7.2 Limitation of Damages; Indemnified Persons. NO PARTY TO THIS AGREEMENT SHALL BE RESPONSIBLE
OR LIABLE TO ANY OTHER PARTY TO THIS AGREEMENT, ANY SUCCESSOR, ASSIGNEE OR THIRD PARTY BENEFICIARY OF SUCH PERSON OR ANY OTHER PERSON ASSERTING CLAIMS DERIVATIVELY THROUGH SUCH PARTY, FOR INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES THAT
ARISE OR MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER. 
 SECTION 7.3 Limitation on Liability of
Servicer and Others. Except as provided in Section 7.1, neither Servicer nor any of the directors, officers, employees or agents of Servicer in its capacity as Servicer shall be under any liability to Issuer or any other Person for
any action taken or for refraining from the taking of any action in good faith in its capacity as Servicer 

  

					
		 	16	  	NBCU Funding
		 		  	Servicing Agreement









 
pursuant to this Agreement; provided that this provision shall not protect Servicer or any such Person against any liability which would otherwise be imposed by reason of willful
misfeasance, bad faith or negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. Servicer and any director, officer, employee or agent of Servicer may rely in good faith on any document of any
kind prima facie properly executed and submitted by any Person (other than Servicer) respecting any matters arising hereunder. Servicer shall not be under any obligation to appear in, prosecute or defend any legal action which is not incidental to
its duties as Servicer in accordance with this Agreement and which in its reasonable judgment may involve it in any expense or liability. 
 ARTICLE VIII 
 MISCELLANEOUS 

SECTION 8.1 Notices. Except as otherwise provided herein, whenever it is provided herein that any notice, demand, request,
consent, approval, declaration or other communication shall or may be given to or served upon any of the parties by any other parties, or whenever any of the parties desires to give or serve upon any other parties any communication with respect to
this Agreement, each such notice, demand, request, consent, approval, declaration or other communication shall be in writing and shall be deemed to have been validly served, given or delivered (a) upon the earlier of actual receipt and three
Business Days after deposit in the United States Mail, registered or certified mail, return receipt requested, with proper postage prepaid, (b) upon transmission, when sent by facsimile, email or other similar electronic transmission (with such
transmission promptly confirmed by delivery of a copy by personal delivery or United States Mail as otherwise provided in this Section 8.1), (c) one Business Day after deposit with a reputable overnight courier with all charges
prepaid or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address or facsimile number indicated below or to such other address (or facsimile number) as may be
substituted by notice given as herein provided. The giving of any notice required hereunder may be waived in writing by the party entitled to receive such notice. Failure or delay in delivering copies of any notice, demand, request, consent,
approval, declaration or other communication to any Person designated in any written notice provided hereunder to receive copies shall in no way adversely affect the effectiveness of such notice, demand, request, consent, approval, declaration or
other communication. Notwithstanding the foregoing, whenever it is provided herein that a notice is to be given to any other party hereto by a specific time, such notice shall only be effective if actually received by such party prior to such time,
and if such notice is received after such time or on a day other than a Business Day, such notice shall only be effective on the immediately succeeding Business Day. 
 If to Servicer: 
  

					
	 General Electric Capital Corporation, as Servicer
	  	
	 10 Riverview Drive
	  	
	 Danbury, CT 06810-6268
	  	
	 Attention:
	  	Capital Markets Operations	  	
	 Telephone:
	  	(203) 749-6005	  	
	 Facsimile:
	  	(203) 749-4054	  	


  

					
		 	17	  	NBCU Funding
		 		  	Servicing Agreement










					
	 with a copy to:
	  	
		
	 General Electric Capital Corporation
	  	
	 401 Merritt 7
	  	
	 Norwalk, CT 06851
	  	
	 Attention:
	  	Counsel, Working Capital Solutions	  	
	 Telephone:
	  	(203) 229-5000	  	
	 Facsimile:
	  	(203) 956-4259	  	
		
	 If to Issuer:
	  	
		
	 NBCU Accounts Receivable Funding Master Note Trust
	  	
	 201 Merritt 7
	  	
	 Norwalk, CT 06851
	  	
	 Attention:
	  	Capital Markets Legal Counsel	  	
	 Telephone:
	  	(203) 229-5563	  	
	 Facsimile:
	  	(718) 247-5784	  	
		
	 with a copy to:
	  	
		
	 General Electric Capital Corporation
	  	
	 10 Riverview Drive
	  	
	 Danbury, CT 06810-6268
	  	
	 Attention:
	  	Capital Markets Operations	  	
	 Telephone:
	  	(203) 749-6005	  	
	 Facsimile:
	  	(203) 749-4054	  	

 SECTION 8.2 Binding Effect; Assignability. This Agreement shall be binding upon and inure to the
benefit of Issuer and Servicer and their respective successors and permitted assigns. Except as set forth in Section 2.1, or Article VI, Servicer may not assign, transfer, hypothecate or otherwise convey any of its rights or
obligations hereunder or interests herein without the express prior written consent of Issuer. Any such purported assignment, transfer, hypothecation or other conveyance by Servicer without the prior express written consent of Issuer shall be void.
Issuer may assign any of its rights and obligations under this Agreement to any Person and any such assignee may further assign at any time its rights and obligations under this Agreement, in each case, only with the prior written consent of
Servicer. Each of Issuer and Servicer acknowledges and agrees that, upon any such assignment, the assignee thereof may enforce directly, all of the obligations of Issuer or Servicer hereunder, as applicable. 

SECTION 8.3 Termination; Survival of Obligations. This Agreement shall create and constitute the continuing obligations of the
parties hereto in accordance with its terms, and shall remain in full force and effect until the date on which the outstanding balances of all of the Serviced Receivables have been reduced to zero; provided, that the rights and remedies
provided for herein with respect to any breach of any representation or warranty made by Servicer pursuant to Article III, the indemnification and payment provisions of Article VII and Sections 8.3, 8.4,
8.5, 8.13, 8.14 and 8.19 shall be continuing and shall survive such reduction. 

  

					
		 	18	  	NBCU Funding
		 		  	Servicing Agreement









 SECTION 8.4 Confidentiality. NOTWITHSTANDING ANYTHING TO THE CONTRARY SET FORTH
HEREIN, THE OBLIGATIONS OF CONFIDENTIALITY CONTAINED HEREIN, SHALL NOT APPLY TO THE FEDERAL TAX STRUCTURE OR FEDERAL TAX TREATMENT OF THIS TRANSACTION, AND EACH PARTY (AND ANY EMPLOYEE, REPRESENTATIVE, OR AGENT OF ANY PARTY) MAY DISCLOSE TO ANY AND
ALL PERSONS, WITHOUT LIMITATION OF ANY KIND, THE FEDERAL TAX STRUCTURE AND FEDERAL TAX TREATMENT OF THIS TRANSACTION. THE PRECEDING SENTENCE IS INTENDED TO CAUSE THIS TRANSACTION TO BE TREATED AS NOT HAVING BEEN OFFERED UNDER CONDITIONS OF
CONFIDENTIALITY FOR PURPOSES OF SECTION 1.6011-4(B)(3) (OR ANY SUCCESSOR PROVISION) OF THE TREASURY REGULATIONS PROMULGATED UNDER SECTION 6011 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND SHALL BE CONSTRUED IN A MANNER CONSISTENT WITH SUCH
PURPOSE. IN ADDITION, EACH PARTY ACKNOWLEDGES THAT IT HAS NO PROPRIETARY OR EXCLUSIVE RIGHTS TO THE FEDERAL TAX STRUCTURE OF THIS TRANSACTION OR ANY FEDERAL TAX MATTER OR FEDERAL TAX IDEA RELATED TO THIS TRANSACTION. 

SECTION 8.5 No Proceedings. Servicer hereby agrees that, from and after the Closing Date and until the date one year plus one day
following the date on which the outstanding balances of all of the Serviced Receivables have been reduced to zero, it will not, directly or indirectly, institute or cause to be instituted against Issuer any proceeding of the type referred to in the
definition of “Insolvency Event”; provided that the foregoing shall not in any way limit Servicer’s right to pursue any other creditor rights or remedies that Servicer may have for claims against Issuer. 

SECTION 8.6 Complete Agreement; Modification of Agreement. This Agreement constitutes the complete agreement among the parties
hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject matter hereof, and may not be modified, altered or amended except as set forth in Section 8.7. 

SECTION 8.7 Amendments and Waivers. No amendment, modification, termination or waiver of any provision of this Agreement, or any
consent to any departure by any party hereto therefrom, shall in any event be effective unless the same shall be in writing and signed by each of the parties hereto. 
 SECTION 8.8 No Waiver; Remedies. The failure by Issuer, at any time or times, to require strict performance by Servicer of any provision of this Agreement shall not waive, affect or diminish any
right of Issuer thereafter to demand strict compliance and performance herewith. Any suspension or waiver of any breach or default hereunder shall not suspend, waive or affect any other breach or default whether the same is prior or subsequent
thereto and whether the same or of a different type. None of the undertakings, agreements, warranties, covenants and representations of Servicer contained in this Agreement and no breach or default by Servicer hereunder, shall be deemed to have been
suspended or waived by Issuer unless such waiver or suspension is by an instrument in writing signed by an officer of or other duly authorized signatory of Issuer and directed to Servicer specifying such suspension or waiver. The rights and remedies
of Issuer under this Agreement shall be cumulative and nonexclusive of any other 

  

					
		 	19	  	NBCU Funding
		 		  	Servicing Agreement









 
rights and remedies that Issuer may have under any other agreement, including the other Related Documents, by operation of law or otherwise. 

SECTION 8.9 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL. THIS AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER
SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401(1) OF THE GENERAL OBLIGATIONS
LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAW PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 (a) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS
OR DISPUTES BETWEEN THEM PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED
OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY. EACH PARTY HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION THAT SUCH PARTY MAY
HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY WAIVES
PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS
DETERMINED IN ACCORDANCE WITH SECTION 8.1 AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING
IN THIS SECTION 8.9 SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 
 (b) BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND
FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES 

  

					
		 	20	  	NBCU Funding
		 		  	Servicing Agreement









 
DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE
PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 SECTION 8.10
Counterparts. This Agreement may be executed in any number of separate counterparts, each of which shall collectively and separately constitute one agreement. Executed counterparts of this Agreement may be delivered electronically.

 SECTION 8.11 Severability. Wherever possible, each provision of this Agreement shall be interpreted in such a manner
as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity without
invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 SECTION 8.12 Section
Titles. The section titles and table of contents contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 

SECTION 8.13 Limited Recourse. (a) The obligations of Issuer under this Agreement are solely the obligations of Issuer. No
recourse shall be had for any obligation or claim arising out of or based upon this Agreement against any incorporator, shareholder, officer, manager, member or director, past, present or future, of Issuer or of any successor or of its constituent
members or its other Affiliates, either directly or through Issuer or any successor, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by
acceptance hereof and as part of the consideration for the acceptance hereof, expressly waived and released. Any accrued obligations owing by Issuer under this Agreement shall be payable by Issuer solely to the extent that funds are available
therefor from time to time in accordance with the provisions of Sections 2.9 and 2.10 (provided that such accrued obligations shall not be extinguished until paid in full). 

(b) The obligations of Servicer under this Agreement are solely the obligations of Servicer. No recourse shall be had for
the payment of any amount owing hereunder or any other obligation or claim arising out of or based upon this Agreement, against any shareholder, employee, officer, manager, member or director, agent or organizer, past, present or future, of Servicer
or of any successor thereto, either directly or through Servicer or any successor thereto, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by
acceptance hereof and as part of the consideration for the acceptance hereof, expressly waived and released. 

  

					
		 	21	  	NBCU Funding
		 		  	Servicing Agreement









 SECTION 8.14 Further Assurances. Servicer shall, at its sole cost and expense,
promptly and duly execute and deliver any and all further instruments and documents, and take such further action, that may be necessary or desirable or that Issuer may request to enable Issuer to exercise and enforce its rights under this Agreement
or otherwise carry out more effectively the provisions and purposes of this Agreement. 
 SECTION 8.15 Pledge of Assets.
Servicer hereby acknowledges that Issuer has granted a security interest in the Serviced Receivables and the rights (but not the obligations) of Issuer under this Agreement to the Indenture Trustee under the Indenture. Accordingly, the parties
hereto agree that, in the event of foreclosure by the Indenture Trustee against the Serviced Receivables, Indenture Trustee shall have the right to enforce this Agreement and the full performance by the parties hereto of their obligations and
undertakings set forth herein. Servicer hereby agrees to deliver to the Indenture Trustee a copy of all notices to be delivered by Servicer to Issuer hereunder. 
 SECTION 8.16 Waiver of Setoff. Servicer hereby waives any right of setoff that it may have for amounts owing to it under or in connection with this Agreement. 

SECTION 8.17 Other Activities of the Servicer. Nothing herein shall prevent the Servicer or its Affiliates from engaging in other
businesses or, in their sole discretion, from acting in a similar capacity as an administrator for any other Person even though such Person may engage in business activities similar to those of Issuer. 

SECTION 8.18 Not Applicable to General Electric Capital Corporation in Other Capacities. Nothing in this Agreement shall affect
any obligation General Electric Capital Corporation may have in any other capacity. 
 SECTION 8.19 Limitation of Liability
of the Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been signed by BNY Mellon Trust of Delaware, not in its individual capacity but solely in its capacity as Trustee of Issuer, and in no event shall BNY
Mellon Trust of Delaware, in its individual capacity, or any beneficial owner of Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of Issuer hereunder, as to all of which recourse shall be had
solely to the assets of Issuer. For all purposes of this Agreement, in the performance of any duties or obligations of Issuer thereunder, the Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of the Trust
Agreement. 
 [Signatures Follow] 

  

					
		 	22	  	NBCU Funding
		 		  	Servicing Agreement









 IN WITNESS WHEREOF, the parties have caused this Servicing Agreement to be duly
executed as of the date first above written. 
  

			
	 NBCU ACCOUNTS RECEIVABLE FUNDING
 MASTER NOTE TRUST, as Issuer

		
	By:	 	BNY Mellon Trust of Delaware, not in its
		 	individual capacity, but solely as Trustee on behalf of Issuer
		
	By:	 	 /s/ Kristine K. Gullo

		 	Name: Kristine K. Gullo
		 	Title: Vice President
	
	 GENERAL ELECTRIC CAPITAL
 CORPORATION, as Servicer

		
	By:	 	 /s/ Paul De Domenico

		 	Name: Paul De Domenico
		 	Title: Authorized Signatory



  

					
		 	S-1	  	NBCU Funding
		 		  	Servicing Agreement









 Exhibit A 
 Reporting Dates 
  

									
	 For the period: February, 2011 – February,
2012

	 Month
	 	 Last Day of

Settlement Period
	 	 Reporting

Date
	  	Determination
Date	  	Settlement
Date
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	


  

					
		 	Exhibit A-1	  	NBCU Funding
		 		  	Servicing Agreement









 SCHEDULE 2.7 
 Reporting Requirements 
 1. Servicer shall prepare a monthly report on
behalf of Issuer for each Series that is outstanding in the manner described in the Indenture Supplement for such Series. Servicer shall also provide the Indenture Trustee with an electronic or written form of such report for each such Series for
delivery as set forth in the Indenture Supplement for such Series. 
 2. Servicer shall prepare a monthly report on behalf of
Issuer for each Senior Trust Certificate (as such term is defined in the Trust Agreement) that is outstanding in the manner described in the Senior Trust Certificate Supplement for such Senior Trust Certificate. Servicer shall also provide the
Trustee and Paying Agent (as such term is defined in the applicable Senior Trust Certificate Supplement) with an electronic or written form of such report for each such Senior Trust Certificate for delivery as set forth in the Senior Trust
Certificate Supplement for such Senior Trust Certificate. 

  

					
		 	Schedule 2.7	  	NBCU Funding
		 		  	Servicing Agreement









 Monthly Settlement Report 

NBCU Accounts Receivable Funding Master Note Trust 

Series 2011-1 
 Beginning of Period Date: 
 End of Period Date: 

Settlement Date: 
 Advance Date: 
  

									
	Document Triggers	 	S&P	 	Moody’s
			
	 Series Early Amortization Events, Section 6.1 of Indenture Supplement
	 		 	
					
		 	1.	 	3-month average Default Percentage (see Exhibit 1A)	 		 	
		 	2.	 	Has the Default Percentage trigger been breached? (3% per Indenture Supplement 6.1(e))	 		 	
					
		 	3.	 	3-month rolling average of the Dilution Ratio (see Exhibit 1B)	 		 	
		 	4.	 	Has the 3-month avg. Dilution Ratio trigger been breached? (4% per Indenture Supplement 6.1(f))	 		 	
					
		 	5.	 	3-month rolling average of the Loss to Liquidation Ratio (see Exhibit 1C)	 		 	
		 	6.	 	Has the 3-month avg. Loss to Liquidation Ratio trigger been breached? (0.50% per Indenture Supplement 6.1(d))	 		 	
	
	 Other Triggers

					
		 	7.	 	GECC short-term trigger	 		 	A1/P1
		 	8.	 	Has GE been downgraded below A1/P1?	 		 	
					
		 	9.	 	NBCU downgrade trigger	 		 	BBB-/Baa3
		 	10.	 	Has NBCU been downgraded below BBB-/Baa3?	 		 	
			
	Receivable Aging Summary	 	% of Total A/R        	 	A/R Balance
			
	11.	 	Agings as of the last day of the fiscal month	 	
		 	a.	 	Current	 		 	
		 	b.	 	1-30 days past due	 		 	
		 	c.	 	31-60 days past due	 		 	
		 	d.	 	61-90 days past due	 		 	
		 	e.	 	91-120 days past due	 		 	
		 	f.	 	121-150 days past due	 		 	
		 	g.	 	151-180 days past due	 		 	
		 	h.	 	181-365 days past due	 		 	
		 	i.	 	> 365 days past due	 	 	 	 
		 	Outstanding Receivables	 	 	 	 
			
	12.	 	Turnover Days	 	
	13.	 	Weighted Average Sales Terms	 	

  

  
 1 








 Monthly Settlement Report 

NBCU Accounts Receivable Funding Master Note Trust 
 Series 2011-1 
 Beginning of Period Date: 

End of Period Date: 
 Settlement Date:

 Advance Date: 
  

					
	Receivables Performance
	
	 Accounts Receivable Rollforward

		 	14.	  	Prior Month’s End Receivables Balance
		 	15.	  	Billed Amounts
		 	16.	  	Collections
		 	17.	  	Dilutions
		 	18.	  	Net Write-offs
		 	 
		 	 19.
	  	Current Month’s End Receivables Balance
		 	 
		 	20.	  	Defaulted Receivables >90 days past due
		 	21.	  	Bankrupt A/R < 91 days past due
		 	22.	  	Other Ineligible Receivables
		 	 
		 	23.	  	Eligible Receivables
		 	 
		 	24.	  	 Excess Obligor Concentrations (from Exhibit 2)

 

		 	 
		 	25.	  	Net Eligible Receivables
		 	 
	
	Receivables Performance Calculations
		
		 	Default Percentage
		 	 
		 	26.	  	Billed Amount in the month ended 6 months prior (from Exhibit 1)
		 	27.	  	Receivables 151-180 days past due
		 	28.	  	Bankrupt <151 days past due
		 	29.	  	Write-offs <181 days past due
		 	30.	  	Default Percentage
		
		 	Dilution Ratio
		 	 
		 	31.	  	Billed Amount in the prior month (from Exhibit 1)
		 	32.	  	Dilution Ratio
		 	33.	  	EDR- Expected Dilution Ratio 12-month average
		 	34.	  	DS- Dilution Spike
		 	35.	  	Dilution Horizon Ratio
			
		 	36.	  	Loss to Liquidation Ratio


  
 2 








 Monthly Settlement Report 

NBCU Accounts Receivable Funding Master Note Trust 
 Series 2011-1 
 Beginning of Period Date: 

End of Period Date: 
 Settlement Date:

 Advance Date: 
  

	
	 Reserve Calculations

	 Carry Cost Reserve

	 37. Series 2011-1 Note Default Rate

	
	 38. Turnover Days

	
	 39. Interest component

	 40. Servicing component

	 41. Carrying Cost Reserve

	
	 Loss Reserve Ratio

	 42. Loss Horizon Factor

	 43. Loss Horizon Ratio

	 44. Highest Default Percentage in 12 prior months

	
	 45. Total Number of Obligors


  

													
	 Reserve for the Notes
	  	Loss Reserve
Ratio	  	Dilution
Reserve Ratio	  	Required Reserve Ratio
(Loss + Dilution)	  	Minimum
Reserve Ratio	  	Applicable
Reserve Ratio	  	Total
Reserves
	 46. Class A
	  		  		  		  		  		  	
	 47. Class B

 
	  		  		  		  		  		  	
	 48. Total Reserve For Notes
	  	 	  	 	  	 	  	 	  	 	  	 
							
	 Reserve for the Certificates
	  		  		  		  		  		  	
							
	 49. Senior Trust Certificate
	  		  		  		  		  		  	


  
 3 








 Monthly Settlement Report 

NBCU Accounts Receivable Funding Master Note Trust 
 Series 2011-1 
 Beginning of Period Date: 

End of Period Date: 
 Settlement Date:

 Advance Date: 
  

							
	Availability	  	Lender	  	GE	  	Total
	 50. Availability Class A
	  		  		  	
	 51. Availability Class B
	  	 	  	 	  	 
				
	 52. Total Availability of the Notes
	  		  		  	
				
	 53. Total Availability of the Senior Trust Certificate
	  	 	  	 	  	 
	 54. Total Availability
	  	 	  	 	  	 
				
	Outstanding Balances	  	Lender	  	GE	  	Total
	 55. Maximum Commitment of the Notes
	  		  		  	
	 56. Class A BOP Balance
	  		  		  	
	 57. Class B BOP Balance
	  	 	  	 	  	 
				
	 58. Total BOP Balances of the Notes
	  		  		  	
				
	 59. Maximum Senior Trust Certificate Amount
	  		  		  	
	 60. Total Senior Trust Certificate BOP Balance
	  	 	  	 	  	 
	 61. Total BOP Balances
	  	 	  	 	  	 
	 62. Class A Paydowns
	  		  		  	
	 63. Class B Paydowns
	  		  		  	
	 64. Total Paydown of the Notes
	  		  		  	
				
	 65. Total Senior Trust Certificate
Distribution
  
	  	 	  	 	  	 
	 66. Total Paydown
	  	 	  	 	  	 
	 67. Class A Additional Advances
	  		  		  	
	 68. Class B Additional Advances
	  		  		  	
	 69. Total Additional Advances of the Notes
	  		  		  	
				
	 70. Total Senior Trust Certificate
Contribution
  
	  	 	  	 	  	 
	 71. Total Additional Advances
	  	 	  	 	  	 
				
	 72. Class A EOP Balance
	  		  		  	
	 73. Class B EOP Balance
	  		  		  	
	 74. Total EOP Balance of the Notes
	  		  		  	
				
	 75. Senior Trust Certificate EOP Balance
	  	 	  	 	  	 
	 76. Total EOP Balance
	  	 	  	 	  	 
	 77. TOTAL EOP BALANCE - OTHER SERIES
	  		  		  	


  
 4 








 Monthly Settlement Report 

NBCU Accounts Receivable Funding Master Note Trust 
 Series 2011-1 
 Beginning of Period Date: 

End of Period Date: 
 Settlement Date:

 Advance Date: 
  

							
	 Calculations and Series Allocations (Section 4.3 Series 2011-1 Indenture Supplement)

	 78. Allocation Percentage for Series 2011-1
	  		  		  	
	 79. Series 2011-1 Allocated Net Eligible Receivables
	  		  		  	
	 80. Does a Partial Amortization exist?
	  		  		  	
	 81. Is this a Voluntary Amortization Date?
	  		  		  	
	 82. Series 2011-1 Targeted Net Eligible Receivables
	  		  		  	
	 83. Is the deal in a Revolving Period
	  		  		  	
				
	Distributions (Section 5.1 of Series 2011-1 Indenture Supplement)	  	Lender	  	GE	  	Total
	 84. Monthly Indenture Trustee Payment Amount
	  		  		  	
	 85. Servicing Fee
	  		  		  	
	 86. Class A Monthly Interest
	  		  		  	
	 87. Class A Unused Line Fee
	  		  		  	
	 88. Class B Monthly Interest
	  		  		  	
	 89. Class B Unused Line Fee
	  		  		  	
	 90. Senior Trust Certificate Yield Distribution Amount
	  		  		  	
	 91. (a) Class A Monthly Principal for Non-Renewing Commitm
	  		  		  	
	 92. (b) Class A Monthly Principal
	  		  		  	
	 93. (c) any unpaid Class A Additional Amounts
	  		  		  	
	 94. (a) Class B Monthly Principal for Non-Renewing Commitm
	  		  		  	
	 95. (b) Class B Monthly Principal
	  		  		  	
	 96. (c) any unpaid Class B Additional Amounts
	  		  		  	
	 97. Indenture Trustee (any other amounts due but not previously paid)
	  		  		  	
				
	Senior Trust Certificate Distributions	  	 	  	 	  	 
	 98. Senior Trust Certificate Yield Distribution Amount
	  		  		  	
	 99. Stated Amount Distribution Amount
	  		  		  	
				
	Advance Request	  	Lender	  	GE	  	Total
	 Total Availability of the Notes
	  		  		  	
	 Total Availability of Senior Trust Certificate Holder
	  		  		  	
	 Maximum Commitment of the Notes
	  		  		  	
	 Maximum Senior Trust Certificate Amount
	  		  		  	
	 Outstanding of the Notes
	  		  		  	
	 Senior Trust Certificate Outstanding
	  		  		  	
	 Total Advance Request on Settlement Date of the Notes
	  		  		  	
	Senior Trust Certificate Advance Request on Settlement Date	  		  		  	

 Each of the lenders hereto, evidenced by its wire of its related amount(s) in accordance herewith, hereby
agrees to waive any prior notice requirements herefor including any related borrowing notice(s). 

  
 5 








 Schedule 2.3 

Form of NBCUniversal Monthly Report 
 (attached) 







 Roll Forward Report 

 

																	
	 Period
	 	 Beginning Balance
	 	 Sales
	 	 Collection
	 	 Bad Debt
Write-off
	 	 Dilution
	 	 Ending Balance
	 	 Ending Bal
 Sum Check
	 	 End Bal to
 Beg Bal
 Check

	 Jan-11
	 		 		 		 		 		 		 	0	 	OK
	 Feb-11
	 		 		 		 		 		 		 	0	 	OK
	 Mar-11
	 		 		 		 		 		 		 	0	 	OK
	 Apr-11
	 		 		 		 		 		 		 	0	 	OK
	 May-11
	 		 		 		 		 		 		 	0	 	OK
	 Jun-11
	 		 		 		 		 		 		 	0	 	OK
	 July-11
	 		 		 		 		 		 		 	0	 	OK
	 Aug-11
	 		 		 		 		 		 		 	0	 	OK
	 Sept-11
	 		 		 		 		 		 		 	0	 	OK
	 Oct-11
	 		 		 		 		 		 		 	0	 	OK
	 Nov-11
	 		 		 		 		 		 		 	0	 	OK
	 Dec-11
	 		 		 		 		 		 		 	0	 	OK
	 Jan-12
	 		 		 		 		 		 		 	0	 	OK
	 Feb-12
	 		 		 		 		 		 		 	0	 	OK
	 Mar-12
	 		 		 		 		 		 		 	0	 	OK
	 Apr-12
	 		 		 		 		 		 		 	0	 	OK
	 May-12
	 		 		 		 		 		 		 	0	 	OK
	 Jun-12
	 		 		 		 		 		 		 	0	 	OK
	 July-12
	 		 		 		 		 		 		 	0	 	OK
	 Aug-12
	 		 		 		 		 		 		 	0	 	OK
	 Sept-12
	 		 		 		 		 		 		 	0	 	OK
	 Oct-12
	 		 		 		 		 		 		 	0	 	OK
	 Nov-12
	 		 		 		 		 		 		 	0	 	OK
	 Dec-12
	 		 		 		 		 		 		 	0	 	OK
	 Jan-13
	 		 		 		 		 		 		 	0	 	OK
	 Feb-13
	 		 		 		 		 		 		 	0	 	OK
	 Mar-13
	 		 		 		 		 		 		 	0	 	OK
	 Apr-13
	 		 		 		 		 		 		 	0	 	OK
	 May-13
	 		 		 		 		 		 		 	0	 	OK
	 Jun-13
	 		 		 		 		 		 		 	0	 	OK
	 July-13
	 		 		 		 		 		 		 	0	 	OK
	 Aug-13
	 		 		 		 		 		 		 	0	 	OK
	 Sept-13
	 		 		 		 		 		 		 	0	 	OK
	 Oct-13
	 		 		 		 		 		 		 	0	 	OK
	 Nov-13
	 		 		 		 		 		 		 	0	 	OK
	 Dec-13
	 		 		 		 		 		 		 	0	 	OK








 Aging Report 
 Days Past Due 
  

																									
	 Period
	 	 Current
	 	 1-30
	 	 31-60
	 	 61-90
	 	 91-120
	 	 121-150
	 	 151-180
	 	 181-365
	 	 366+
	 	 Ending

Balance
	 	 Sales Sum
 Check
	 	 Sales to RF
 Check

	 Jan-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Feb-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Mar-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Apr-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 May-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Jun-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 July-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Aug-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Sept-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Oct-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Nov-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Dec-11
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Jan-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Feb-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Mar-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Apr-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 May-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Jun-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 July-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Aug-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Sept-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Oct-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Nov-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Dec-12
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Jan-13
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Feb-13
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Mar-13
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Apr-13
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 May-13
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK
	 Jun-13
	 		 		 		 		 		 		 		 		 		 		 	0	 	OK








 Sales by Terms Report 

 

																			
	 Period
	 	 0-30
	 	 31-60
	 	 61-90
	 	 91-107
	 	 108-180
	 	 181+
	 	 Total Sales
	 	 Sales Sum
 Check
	 	 Sales to RF
 Check

	 Jan-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Feb-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Mar-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Apr-11
	 		 		 		 		 		 		 		 	0	 	OK
	 May-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Jun-11
	 		 		 		 		 		 		 		 	0	 	OK
	 July-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Aug-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Sept-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Oct-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Nov-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Dec-11
	 		 		 		 		 		 		 		 	0	 	OK
	 Jan-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Feb-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Mar-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Apr-12
	 		 		 		 		 		 		 		 	0	 	OK
	 May-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Jun-12
	 		 		 		 		 		 		 		 	0	 	OK
	 July-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Aug-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Sept-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Oct-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Nov-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Dec-12
	 		 		 		 		 		 		 		 	0	 	OK
	 Jan-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Feb-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Mar-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Apr-13
	 		 		 		 		 		 		 		 	0	 	OK
	 May-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Jun-13
	 		 		 		 		 		 		 		 	0	 	OK
	 July-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Aug-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Sept-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Oct-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Nov-13
	 		 		 		 		 		 		 		 	0	 	OK
	 Dec-13
	 		 		 		 		 		 		 		 	0	 	OK








 Miscellaneous Information Report 

 

																															
	 	  	 	  	 	  	Bankrupt Receviables	  	Bad Debt Write-off’s	  	Other
Ineligibles	  	Agency
Trapping
Event	  	Advertiser
Disputes
Pymt
Liability	  	Number of
Obligors
	Period	  	Intercompany
Receivables	  	 Terms >60
 Days
	  	<61 dpd	  	61-90dpd	  	91-120dpd	  	121-150dpd	  	151-180dpd	  	<61dpd	  	61-90dpd	  	91-120dpd	  	151-180dpd	  	 
	 Jan-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Feb-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Mar-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Apr-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 May-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Jun-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 July-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Aug-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Sept-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Oct-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Nov-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Dec-11
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Jan-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Feb-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Mar-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Apr-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 May-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Jun-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 July-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Aug-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Sept-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Oct-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Nov-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Dec-12
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Jan-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Feb-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Mar-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Apr-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 May-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Jun-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 July-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Aug-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Sept-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Oct-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Nov-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	
	 Dec-13
	  		  		  		  		  		  		  		  		  		  		  		  		  		  		  	

 Here are a few reminders on what data should be reported on the Misc. and Top 100 tabs 

Misc. Tab: 
 Intercompany Receivables- Only
report receivables that are <91 dpd 
 Term >60 days- Only report receivables that are <91 dpd 

Bad Debt Write-off’s should be reported as a positive unless recoveries exceed write-off’s in that period 

Other Ineligibles- Only report ineligible receivables that are <91 dpd. If a term is changed on a receivable to correct an error it is not ineligible
and should not be reported here. 
 Agency Trapping Event- Amounts reported here should also be included in Dilution on the Roll Forward

 Advertiser Disputes Payment Liability- Amounts reported here should also be included in Dilution on the Roll Forward 

Top 100 Tab: 
 The balances reported
should only include receivables <91 dpd. 







 Top 100 Obligor Report 

 

													
	 	 	 Jan-11
	 	 Feb-11
	 	 Mar-11

							
	 	 	 Obligor Name
	 	 Obligor Balance
	 	 Obligor Name
	 	 Obligor Balance
	 	 Obligor Name
	 	 Obligor Balance

	 1.
	 		 		 		 		 		 	
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	 51.
	 		 		 		 		 		 	
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	 92.
	 		 		 		 		 		 	
	 93.
	 		 		 		 		 		 	
	 94.
	 		 		 		 		 		 	
	 95.
	 		 		 		 		 		 	
	 96.
	 		 		 		 		 		 	
	 97.
	 		 		 		 		 		 	
	 98.
	 		 		 		 		 		 	
	 99.
	 		 		 		 		 		 	
	 100.
	 		 		 		 		 		 	








 Top 20 Ad Agency Concentration 

 

													
	 	  	 Jan-11
	  	 Feb-11
	  	 Mar-11

	 	  	 Ad Agency Name
	  	 Balance
	  	 Ad Agency Name
	  	 Balance
	  	 Ad Agency Name
	  	 Balance

	 1.
	  		  		  		  		  		  	
	 2.
	  		  		  		  		  		  	
	 3.
	  		  		  		  		  		  	
	 4.
	  		  		  		  		  		  	
	 5.
	  		  		  		  		  		  	
	 6.
	  		  		  		  		  		  	
	 7.
	  		  		  		  		  		  	
	 8.
	  		  		  		  		  		  	
	 9.
	  		  		  		  		  		  	
	 10.
	  		  		  		  		  		  	
	 11.
	  		  		  		  		  		  	
	 12.
	  		  		  		  		  		  	
	 13.
	  		  		  		  		  		  	
	 14.
	  		  		  		  		  		  	
	 15.
	  		  		  		  		  		  	
	 16.
	  		  		  		  		  		  	
	 17.
	  		  		  		  		  		  	
	 18.
	  		  		  		  		  		  	
	 19.
	  		  		  		  		  		  	
	 20.
	  		  		  		  		  		  	








 Top 4 Advertising Holding Company Concentration 

 

													
	 	  	 Jan-11
	  	 Feb-11
	  	 Mar-11

	 	  	 Holding Co. Name
	  	 Balance
	  	 Holding Co. Name
	  	 Balance
	  	 Holding Co. Name
	  	 Balance

	 1.
	  		  		  		  		  		  	
	 2.
	  		  		  		  		  		  	
	 3.
	  		  		  		  		  		  	
	 4.
	  		  		  		  		  		  	








 Portfolio Information 

 

									
	 Period
	  	 EOP Ad Sales
Balance
	  	 EOP Cable Sub Fee
Balance
	  	 Total EOP
Balance
	  	RF EOP
Check
	 Jan-11
	  		  		  	0.00	  	OK
	 Feb-11
	  		  		  	0.00	  	OK
	 Mar-11
	  		  		  	0.00	  	OK
	 Apr-11
	  		  		  	0.00	  	OK
	 May-11
	  		  		  	0.00	  	OK
	 Jun-11
	  		  		  	0.00	  	OK
	 July-11
	  		  		  	0.00	  	OK
	 Aug-11
	  		  		  	0.00	  	OK
	 Sept-11
	  		  		  	0.00	  	OK
	 Oct-11
	  		  		  	0.00	  	OK
	 Nov-11
	  		  		  	0.00	  	OK
	 Dec-11
	  		  		  	0.00	  	OK
	 Jan-12
	  		  		  	0.00	  	OK
	 Feb-12
	  		  		  	0.00	  	OK
	 Mar-12
	  		  		  	0.00	  	OK
	 Apr-12
	  		  		  	0.00	  	OK
	 May-12
	  		  		  	0.00	  	OK
	 Jun-12
	  		  		  	0.00	  	OK
	 July-12
	  		  		  	0.00	  	OK
	 Aug-12
	  		  		  	0.00	  	OK
	 Sept-12
	  		  		  	0.00	  	OK
	 Oct-12
	  		  		  	0.00	  	OK
	 Nov-12
	  		  		  	0.00	  	OK
	 Dec-12
	  		  		  	0.00	  	OK
	 Jan-13
	  		  		  	0.00	  	OK
	 Feb-13
	  		  		  	0.00	  	OK
	 Mar-13
	  		  		  	0.00	  	OK
	 Apr-13
	  		  		  	0.00	  	OK
	 May-13
	  		  		  	0.00	  	OK
	 Jun-13
	  		  		  	0.00	  	OK
	 July-13
	  		  		  	0.00	  	OK
	 Aug-13
	  		  		  	0.00	  	OK
	 Sept-13
	  		  		  	0.00	  	OK
	 Oct-13
	  		  		  	0.00	  	OK
	 Nov-13
	  		  		  	0.00	  	OK
	 Dec-13
	  		  		  	0.00	  	OK








 SCHEDULE 2.10 

Form of Obligor Notification 
 GENERAL ELECTRIC CAPITAL CORPORATION 
 10 Riverview Drive 

Danbury, CT 06810-6268 
 [Date] 
 [Obligor Name] 
 [Obligor Street Address] 
 [Obligor City, State and ZIP] 

Attention: [Obligor Contact] 
  

	 	RE:	Notice of Transfer of Receivables 

 Dear
[Obligor Contact]: 
 This letter shall serve as written notice to you that NBCUniversal Media, LLC or any of its subsidiaries or
affiliates has transferred those receivables listed on Schedule A attached hereto owing to us by you to NBCU Accounts Receivable Funding Master Note Trust, which assets are serviced by General Electric Capital Corporation. Accordingly, from this day
forward, please remit all amounts due and owing on such receivables to the account described on Schedule B attached hereto. 
  

					
	Very truly yours,
	
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	


  

					
	 Acknowledged by:

	
	NBCUNIVERSAL MEDIA, LLC
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	


  

					
	13501231 10336677	  	Sch. 2.10-1	  	NBCU Sub-Servicing Agreement









 SCHEDULE A 
 LIST OF TRANSFERRED RECEIVABLES 

  

					
	13501231 10336677	  	Sch. 2.10-2	  	NBCU Sub-Servicing Agreement









 SCHEDULE B 
 SERVICER ACCOUNT DETAILS 
  

			
	Bank:	  	[Bank Name]
	Location:	  	[Bank Street Address]
		  	[Bank City, State and ZIP]
	ABA Routing No.:	  	[            ]
	Account Name:	  	[            ]
	Account No.:	  	[            ]
	For further credit to:	  	[            ]
	Reference:	  	[NBCU Accounts Receivable Funding Master Note Trust Facility Remittance - [Obligor Name]]


  

					
	13501231 10336677	  	Sch. 2.10-3	  	NBCU Sub-Servicing Agreement









 SCHEDULE 2.10-A 

Form of Obligor Payment Termination Notice 
 General Electric Capital Corporation 
 10 Riverview Drive 

Danbury, CT 06810-6268 
 [Date] 
 [Obligor Name] 
 [Obligor Street Address] 
 [Obligor City, State and ZIP] 

Attention: [Obligor Contact] 
  

	RE:	Notice of Transfer of Receivables 

 Dear
[Obligor Contact]: 
 This letter shall serve as written notice to you that the receivables listed on Schedule A attached hereto owing by
you to NBCU Accounts Receivable Funding Master Note Trust have been paid. Accordingly, from this day forward, please remit all amounts due and owing on any receivables to the account described on Schedule B attached hereto. 

 

					
	Very truly yours,
	
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	


  

					
	Acknowledged by:
	
	NBCUNIVERSAL MEDIA, LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	


  

					
	13501231 10336677	  	Sch. 2.10-A-1	  	NBCU Sub-Servicing Agreement









 SCHEDULE A 
 LIST OF TRANSFERRED RECEIVABLES 
 Your payment obligations to [name of Transferring Subsidiary]
arising from or consisting of cable and network advertising sales, cable subsidiary fees and licensing receivables, including any right of [name of Transferring Subsidiary] to interest charges, finance charges, insurance charges, maintenance, taxes
and other similar charges and other related obligations, in each case paid on or after the date hereof (collectively, the “Receivables”) shall be paid to [Transferring Subsidiary] until such date of subsequent notice from us to you
that amounts in respect of the Receivables are no longer to be paid to us. 

  

					
	13501231 10336677	  	Sch. 2.10-A-2	  	NBCU Sub-Servicing Agreement









 SCHEDULE B 
 SELLER ACCOUNT DETAILS 
  

			
	Bank:	  	[Bank Name]
	Location:	  	[Bank Street Address]
		  	[Bank City, State and ZIP]
	ABA Routing No.:	  	[            ]
	Account Name:	  	[            ]
	Account No.:	  	[            ]
	For further credit to:	  	[            ]
	Reference:	  	[                             
       ]


  

					
	13501231 10336677	  	Sch. 2.10-A-3	  	NBCU Sub-Servicing Agreement