Document:

NBCUniversal Division Receivables Purchase Agreement

 Exhibit 10.11 
 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. 

 

					
	

	  		  	GE Capital

 Execution Version

 NBCUNIVERSAL DIVISION 
 RECEIVABLES PURCHASE AGREEMENT 
 among 

EACH SELLER FROM TIME TO TIME PARTY HERETO 
 each such person, a Seller, 
 NBCUNIVERSAL MEDIA, LLC 

as the Seller Agent 
 and 
 GENERAL ELECTRIC CAPITAL CORPORATION 

as the Purchaser 

February 1, 2011 

 Table of Contents 

 

							
	 Section
	  		  	 	Page	  
			
	 1
	  	SALE PROCEDURES	  	 	2	  
			
	 2
	  	CONDITIONS PRECEDENT	  	 	3	  
			
	 3
	  	DEBTOR FILES AND DEBTOR PURCHASE LIMITS	  	 	4	  
			
	 4
	  	PAYMENT OF PURCHASE PRICE; ADJUSTMENTS TO PURCHASE PRICE	  	 	4	  
			
	 5
	  	FEES AND INTEREST	  	 	6	  
			
	 6
	  	ADMINISTRATION AND COLLECTION	  	 	6	  
			
	 7
	  	[RESERVED]	  	 	10	  
			
	 8
	  	REPRESENTATIONS AND WARRANTIES	  	 	10	  
			
	 9
	  	COVENANTS	  	 	10	  
			
	 10
	  	REPORTS AND INFORMATION	  	 	10	  
			
	 11
	  	TERMINATION EVENTS AND CONSEQUENCES	  	 	12	  
			
	 12
	  	TERM AND TERMINATION OF FACILITY	  	 	14	  
			
	 13
	  	NATURE OF TRANSACTION; GRANT OF SECURITY INTEREST	  	 	14	  
			
	 14
	  	POWER OF ATTORNEY	  	 	15	  
			
	 15
	  	INDEMNITIES AND TAXES	  	 	16	  
			
	 16
	  	FEES, EXPENSES AND CHARGES	  	 	18	  
			
	 17
	  	AMENDMENTS AND WAIVERS	  	 	18	  
			
	 18
	  	CHANGES TO THE PARTIES	  	 	19	  
			
	 19
	  	DATA PROTECTION AND DISCLOSURE OF INFORMATION	  	 	19	  
			
	 20
	  	CONFIDENTIALITY	  	 	20	  
			
	 21
	  	NOTICES	  	 	21	  
			
	 22
	  	WAIVERS AND EXCLUSION OF LIABILITY	  	 	22	  
			
	 23
	  	GOVERNING LAW, ENFORCEMENT	  	 	22	  
			
	 24
	  	GENERAL	  	 	23	  
			
	 25
	  	SELLER AGENT	  	 	24	  
			
	 26
	  	JOINDER OF PARTIES	  	 	24	  
			
	 27
	  	NO INDIRECT OR CONSEQUENTIAL DAMAGES	  	 	24	  
			
	 28
	  	EXTENSION OF EXPIRATION DATE	  	 	25	  

  

					
		 	i	 	

 Exhibits Schedules and Annexes: 

 

			
		
	 Exhibit A
	  	DEFINITIONS AND CONSTRUCTION
		
	 Exhibit B
	  	REPRESENTATIONS AND WARRANTIES
		
	 Exhibit C
	  	COVENANTS
		
	 Exhibit D
	  	FORM OF JOINDER AGREEMENT
		
	 Exhibit E
	  	FORM OF OFFICER’S CERTIFICATE FOR ADDITIONAL SELLERS
		
	 Exhibit F
	  	FORM OF DEBTOR NOTIFICATION
		
	 Exhibit G
	  	FORM OF POWER OF ATTORNEY
		
	 Schedule 1
	  	RECEIVABLES SCHEDULE
		
	 Schedule 2
	  	CONDITIONS PRECEDENT
		
	 Schedule 3
	  	COMPLIANCE CERTIFICATE
		
	 Schedule 4
	  	SELLERS
		
	 Schedule 5
	  	APPROVED DEBTORS
		
	 Schedule 6
	  	CREDIT AND COLLECTION POLICY
		
	 Schedule 7
	  	KNOW YOUR CUSTOMER UNDERTAKINGS

  

					
		 	ii	 	

 RECEIVABLES PURCHASE AGREEMENT 

 
  

			
	THIS AGREEMENT is dated	  	February 1, 2011

 AMONG: 

 

					
	 Name
	  	GENERAL ELECTRIC CAPITAL CORPORATION
		
	 Short name
	  	Purchaser
		
	Notice details	  	401 Merritt 7
		  	Norwalk, Connecticut 06851
		  	Facsimile	  	(203) 956 4088
		  	Attention:	  	NBCU Global Account Manager, Working Capital Solutions
			
		  	with a copy to:	  	
			
		  	401 Merritt 7	  	
		  	Norwalk, Connecticut 06851
		  	Attention:	  	General Counsel, Working Capital Solutions - The Americas

AND 
  

					
	 Name
	  	NBCUNIVERSAL MEDIA, LLC
		
	 Short Name
	  	Seller Agent
		
	 Notice details
	  	30 Rockefeller Plaza
		  	New York, New York 10112
		  	Facsimile:	  	(212) 664-4878
		  	Attention:	  	Jonathan Zucker (Tel. (212) 664-2416)
		  		  	James Leddy (Tel. (212) 413-6231)
		  		  	Jacqueline J. Loomans-Thuecks (Tel. (212) 413-5492)
		
		  	with a copy to:
		
		  	Marc Van Oosterhout
		  	Hagedoornplein 2
		  	Amsterdam
		  	1031BV
		  	NL
		  	Facsimile:	  	+3-120-514-8570
		  	Telephone:	  	+3-184-868-3353

 AND 

 

			
	 Name
	  	EACH SELLER FROM TIME TO TIME A PARTY HERETO
		
	 Short Name
	  	Seller or Sellers
		
	 Notice details
	  	As set forth for each Seller on Schedule 4

  
 1 

 BACKGROUND 
 The Sellers, the Seller Agent and the Purchaser enter into this Agreement to set forth the terms and conditions applicable to the sale of Eligible Debts by the Sellers to the Purchaser. Terms not
otherwise defined herein shall have the meanings set forth in Exhibit A. 
 AGREEMENT 

IT IS AGREED as follows: 
  

	1	SALE PROCEDURES 

  

	1.1	Subject to the terms and conditions of this Agreement, the Purchaser agrees that from time to time prior to the Termination Date it will purchase Eligible Debts from
the Sellers. 

  

	1.2	On or after the Effective Date, the Seller Agent acting on behalf of each Seller, will deliver to the Purchaser a Notice of Assignment with respect to the Eligible
Debts to be sold by such Seller on the first Purchase Date. The initial Notice of Assignment delivered by the Seller Agent to the Purchaser shall be with respect all Eligible Debts owned by such Seller that are Outstanding on the Effective Date.

 Subsequent Notices of Assignment may be delivered to the Purchaser on any Offer Date by any Seller, or the
Seller Agent acting on such Seller’s behalf. The first Notice of Assignment delivered after the first Offer Date by a Seller, or the Seller Agent acting on its behalf, to the Purchaser shall be with respect to all Eligible Debts owned by such
Seller that arose during the period from and after the Effective Date through and including the Business Day immediately prior to the second Offer Date, and any subsequent Notice of Assignment of a Seller shall be with respect to all Eligible Debts
arising during the period from and including the Business Day immediately prior to the most recent prior Offer Date on which such Seller sold Eligible Debts hereunder through and including the Business Day immediately prior to the current Offer
Date. No Seller shall be allowed to change its Offer Date unless the Purchaser consents to such change. 
  

	1.3	Each Notice of Assignment shall be in the form of Electronic Data (or such other format as agreed to by the Purchaser) and shall (i) describe each Eligible Debt
listed therein by invoice date, invoice number, invoice amount, Debtor name and address and (ii) contain such other information as the Purchaser may reasonably from time to time require. 

 

	1.4	Each Notice of Assignment shall be deemed to contain the following notice from the related Seller: 

“Seller hereby warrants that in relation to the Eligible Debts referred to herein the warranties made by the Seller contained in the
Receivables Documents are true and correct and in particular the related Goods and/or services have been delivered and/or fully performed prior to the date hereof.” 

 

	1.5	 The Purchaser shall have no obligation to purchase any Eligible Debts offered to the Purchaser in any Notice of Assignment unless the Purchaser
delivers to the Seller Agent, on behalf of each of the Sellers, via Electronic Data, a confirmation of purchase (each such confirmation a “Purchase Confirmation”) with respect to a Notice of Assignment. As of the date hereof,
the Purchaser represents and warrants that (i) it has arranged one or more committed purchase facilities, with terms of 365 days from the date hereof, with one or more Investors, each of which has either a long-term debt rating of at least A-
from S&P or a Tier 1 Capital Ratio of at least 10.0%, which Investors have agreed to purchase from the Purchasers Eligible Debts owed by Approved Debtors in aggregate amounts outstanding at any time up to the related Debtor Purchase Limits and
(ii) under the terms of such committed purchase facilities, the Investors are obliged to purchase from the Purchaser any Eligible Debts acquired by the Purchaser hereunder, provided that each of the requirements of, and conditions to, a
purchase hereunder are satisfied (other than the delivery by the Purchaser of the related Purchase Confirmation). The Purchaser agrees that it will not voluntarily reduce the amount of any commitment from any Investor to purchase such Debts during
the initial term of such commitment unless either the Seller Agent or any Seller is in breach of any of its duties or obligations hereunder or a Termination Event has occurred. The Purchaser agrees that, promptly following receipt by the Purchaser
of a Notice of Assignment and upon satisfaction of all conditions to a 

  
 2 

	 	 
purchase of Eligible Debts hereunder it will request receipt of funds from such Investors in connection with a sale hereunder and a related sale by the Purchaser to such Investors under such
committed purchase facilities, and following receipt of the Purchaser of funds from such Investors, the Purchaser will deliver to the Seller Agent a Purchase Confirmation relating to such sale hereunder. 

 

	1.6	Subject to the delivery by the Purchaser of Purchase Confirmation on a Purchase Date, the Purchaser will accept for purchase all of the Eligible Debts offered for sale
to it by a Seller; provided, however, that the Purchaser not purchase any Eligible Debts on a Purchase Date to the extent that (a) the aggregate Funded Amounts for such Eligible Debts to be purchased on such Purchase Date (such amount
for any Purchase Date being the “Aggregate Proposed Investment”) exceeds the amount by which the Funding Limit exceeds the sum of (i) the Aggregate Proposed Investment and (ii) the Unrecovered Investment Amount,
(b) the aggregate of the Purchase Prices therefor exceeds the amount of funds received by the Purchaser from one (1) or more sales of such Eligible Debts to one (1) or more Investors or (c) the aggregate of the Outstanding
Balances of all Debts of such Debtor, together with the aggregate Noticed Value of all Eligible Debts of such Debtor to be sold on such Purchase Date exceeds the related Debtor Purchase Limit. 

 

	1.7	The Seller Agent and the Purchaser agree that each Notice of Assignment and each Purchase Confirmation (whether by Electronic Data or otherwise) shall, upon delivery to
the appropriate person, constitute an “authenticated” record (within the meaning of Section 9-102(7) of the applicable UCC) of the person sending such Notice of Assignment or Purchase Confirmation accepting any portion or all of the
Eligible Debts offered by a Notice of Assignment. 

  

	1.8	On each Purchase Date, upon receipt by the Seller Agent of a Purchase Confirmation, the related Seller shall be deemed to have sold, transferred and absolutely assigned
to the Purchaser, and the Purchaser shall be deemed to have purchased, such Eligible Debts and the Purchaser shall own the Debts (together with all Associated Rights and Related Security related thereto) sold, transferred and absolutely assigned to
it by each Seller on such Purchase Date. 

  

	1.9	Notwithstanding anything herein contained to the contrary, the Purchaser may, in its sole discretion, if a Seller elects to offer to sell Eligible Debts, agree to
purchase any Eligible Debt of any Debtor where (i) the Noticed Value of such Eligible Debt exceeds the related Debtor Purchase Limit or (ii) the Purchase Price of which, when added to the Unrecovered Investment Amount, exceeds the Funding
Limit. In addition, each Seller agrees that if either (x) the Debtor Purchase Limit has been reached for any Debtor or (y) the Unrecovered Investment Amount equals or exceeds the Funding Limit, it shall, to the extent it has any Eligible
Debts, offer to the Purchaser such Eligible Debts prior to offering any such Eligible Debts for sale to any other Person and shall provide the Purchaser at least five (5) Business Days to provide an offer to purchase such Eligible Debt from
such Seller. 

  

	1.10	Each Seller further agrees that it will not sell, transfer, assign or grant any interest in, directly or indirectly, any Debt of any Approved Debtor to any Person other
than the Purchaser (i) without the prior written consent of the Purchaser, which consent will not be unreasonably withheld or (ii) under the circumstances set forth in, and subject to the provisions of, the second sentence of section 1.9,
and, in each case, subject to the execution and delivery to the Purchaser of one or more intercreditor agreements on terms and conditions acceptable to the Purchaser and such other documents, on terms and conditions acceptable to the Purchaser,
reasonably required by the Purchaser. 

  

	2	CONDITIONS PRECEDENT 

  

	2.1	Initial conditions precedent 

 This Agreement shall not become effective until the conditions precedent set out in Part I of Schedule 2 (Conditions Precedent) have been satisfied or waived by the Purchaser. 

 

	2.2	Further conditions precedent 

 The Purchaser shall not be obligated to pay the Purchase Price for any Eligible Debts until the conditions precedent set out in Part II of Schedule 2 have been satisfied or waived by the Purchaser.

  
 3 

	3	DEBTOR FILES AND DEBTOR PURCHASE LIMITS 

  

	3.1	On or prior to the first Notice of Assignment relating to Eligible Debts of an Approved Debtor, the Seller Agent must provide to the Purchaser a file (a
“Debtor File”) relating to such Debtor that contains sufficient information (including any data as may reasonably be requested by the Purchaser) to enable the Purchaser to: 

 

	 	(a)	establish an account in its operational system with respect to such Debtor; and 

 

	 	(b)	to determine a Debtor Purchase Limit for that Debtor; provided that the Debtor Purchase Limits for each Debtor that is an Approved Debtor as of the Effective Date are
as set forth on Schedule 5. 

  

	3.2	The Debtor File must be made by electronic transmission, or in such other form as may be reasonably acceptable to the Purchaser, in the format specified by the
Purchaser from time to time and, as requested by the Purchaser, confirmed by the applicable Seller or Seller Agent by facsimile or other hard copy. 

  

	3.3	If a Rating Event occurs before any Offer Date with respect to any Approved Debtor, then, from and after the occurrence of such Rating Event (a) the Applicable
Margin for Eligible Debts of such Approved Debtor that are sold hereunder shall be increased to the percentage set forth in Schedule 5 that corresponds to the Approved Debtor’s then-current rating and (b) the related Debtor Purchase Limit
for such Approved Debtor shall be reduced to the amount set forth in Schedule 5 that corresponds to the Approved Debtor’s then-current rating. For the avoidance of doubt, if a Rating Event occurs due to the suspension or termination of a rating
related to an Approved Debtor, then the related Debtor Purchase Limit shall be zero; provided, that if such rating is thereafter reinstated, the related Debtor Purchase Limit and Applicable Margin for the related Approved Debtor shall be at those
commensurate with the then-current rating. 

 If an Approved Debtor’s Applicable Margin increases and/or its
Debtor Purchase Limit decreases pursuant to clauses (a) and (b) of this paragraph, as applicable, because of the occurrence of a Rating Event, then such Applicable Margin increase and/or such Debtor Purchase Limit decrease shall be and
remain in effect thereafter, regardless of whether such Approved Debtor’s related rating later increases, unless a subsequent Rating Event occurs, at which time such Approved Debtor’s Applicable Margin will further increase and its
Debtor Purchase Limit will, if applicable, further decrease to the levels set forth in Schedule 5 that correspond to such Approved Debtor’s then-current rating. 
  

	3.4	If either the Seller or Seller Agent fails to provide a Debtor File in accordance with section 3.1 with respect to any Debtor, no Debts owed by such Approved Debtor
will be considered for inclusion in any pool of Eligible Debts which may be sold by such Seller, or the Seller Agent on such Seller’s behalf, or purchased by the Purchaser until such failure has been remedied. 

 

	4	PAYMENT OF PURCHASE PRICE; ADJUSTMENTS TO PURCHASE PRICE 

  

	4.1	On each Purchase Date upon delivery of the related Purchase Confirmation, the Purchaser shall become obligated to pay the aggregate Purchase Prices for the related
Eligible Debts sold to it on such Purchase Date; provided, however that, subject to section 6.5(a) and the last sentence of this section 4.1, the Purchaser shall pay to the Seller Agent on behalf of the relevant Sellers, an amount (the
“Purchase Amount”) equal to (a) the aggregate of the Funded Amounts for the Eligible Debts purchased on such Purchase Date, minus (b) any Purchase Price Credits then due to the Purchaser from any Seller,
plus (c) any Dilution Reserve Reimbursement then due by the Purchaser to any Seller pursuant to section 4.5. The Purchaser shall pay the Purchase Amount on the Business Day immediately following each Purchase Date, which payment shall be
without interest or penalty. 

  

	4.2	In the event that any Purchased Debt is determined not to have been an Eligible Debt on the relevant Purchase Date, the applicable Seller shall be required to
repurchase such Debt from the Purchaser by giving a Purchase Price Credit in respect of purchases of Eligible Debts from such Seller. 

  
 4 

 Each Purchase Price Credit shall become due and payable on the Purchase Date immediately
succeeding the date on which a Responsible Officer of such Seller or of the Seller Agent obtains knowledge or receives notice that such Purchased Debt is determined not to have been an Eligible Debt (such date being the “Repurchase
Date”). Any such Debt shall be repurchased at a price equal to the Outstanding Balance of such Debt (the “Repurchase Price”) as of the Purchase Date relating to the Repurchase Date; provided,
however, such Seller may in its sole discretion elect to pay the Repurchase Price (determined as of the date of such remittance) to the Purchaser at any time prior to such Repurchase Date. In addition, such Seller shall be required to pay the
Repurchase Price (determined as of the date of such remittance) to the Purchaser as follows: (a) if a Termination Event or Potential Termination Event exists on the date on which a Responsible Officer of such Seller or of the Seller Agent
obtains knowledge or receives notice that a Purchased Debt is determined not to have been an Eligible Debt on the relevant Purchase Date, such Seller shall be required to pay the Repurchase Price (determined as of the date of such remittance) to the
Purchaser within two (2) Business Days after the date on which a Responsible Officer of such Seller or of the Seller Agent obtains such knowledge or receives such notice or, if earlier, the immediately succeeding Purchase Date, (b) if a
Termination Event or Potential Termination Event occurs after the date on which a Responsible Officer of such Seller or of the Seller Agent obtains knowledge or receives notice that a Purchased Debt is determined not to have been an Eligible Debt on
the relevant Purchase Date, such Seller shall be required to pay the Repurchase Price (determined as of the date of such remittance) to the Purchaser within two (2) Business Days after the date of on which such Termination Event or Potential
Termination Event occurred or, if earlier, the immediately succeeding Purchase Date, (c) if a Purchase Date does not occur within forty five (45) days after a Responsible Officer of such Seller or of the Seller Agent obtains knowledge or
receives notice that any Purchased Debt is determined not to have been an Eligible Debt on the relevant Purchase Date, such Seller shall be required to pay to the Purchaser the Repurchase Price (determined as of the date of such remittance) on such
forty fifth (45th) day and (d) if a Purchase Date occurs within forty five (45) days after a Responsible Officer of such Seller or of the Seller Agent obtains knowledge or receives notice that any Purchased Debt is determined not to
have been an Eligible Debt on the relevant Purchase Date, and on the related Repurchase Date the sum of the Funded Amounts to be paid to such Seller is less than the Purchase Price Credit, such Seller shall be required to pay to the Purchaser the
Repurchase Price on such Repurchase Date. Upon receipt by the Purchaser of the Repurchase Price (or the application of the related Purchase Price Credit), the related Purchased Debt shall be deemed to be assigned, transferred, sold and conveyed to
the applicable Seller free and clear of any security interest created by the Purchaser but otherwise without representation or warranty. 
  

	4.3	 If any Purchased Debt becomes subject at any time to any Dilution in excess of the Dilution Reserve for such Debt, the applicable Seller shall be
required to remit to the Purchaser an amount equal to the amount of such excess Dilution (the “Dilution Adjustment Amount”) on the Remittance Date immediately following the date a Responsible Officer of such Seller or of the
Seller Agent obtains knowledge or receives notice of the existence of such excess; provided, however, the Purchaser may in its sole discretion elect to receive the Dilution Adjustment Amount as a Purchase Price Credit in respect of any
subsequent purchase of Purchased Debts from such Seller, which Purchase Price Credit shall be applied to reduce the amount payable in respect of any Eligible Debts purchased by the Purchaser from such Seller in accordance with the provision of
Section 4.1. In addition, such Seller shall be required to pay the Dilution Adjustment Amount to the Purchaser as follows: (a) if a Termination Event or Potential Termination Event exists on the date on which such Dilution Adjustment
Amount arises, such Seller shall be required to pay the Dilution Adjustment Amount to the Purchaser within two (2) Business Days after the date such Dilution Adjustment Amount arises or, if earlier, the immediately succeeding Purchase Date,
(b) if a Termination Event or Potential Termination Event occurs after the date on which such Dilution Adjustment Amount arises, such Seller shall be required to pay the Dilution Adjustment Amount to the Purchaser within two (2) Business
Days after the date of on which such Termination Event or Potential Termination Event occurred or, if earlier, the immediately succeeding Purchase Date, (c) if a Purchase Date does not occur within forty five (45) days after such Dilution
Adjustment Amount arises, such Seller shall be required to pay the Dilution Adjustment Amount on such forty fifth (45th) day and (d) if a 

  
 5 

	 	 
Purchase Date occurs within forty five (45) days after such Dilution Adjustment Amount arises, and on related Purchase Date the sum of the Funded Amounts to be paid to such Seller is less
than the Dilution Adjustment Amount, such Seller shall be required to pay the Dilution Adjustment Amount on the related Purchase Date. 

  

	4.4	If the Purchaser receives any Dilution Reserve Reimbursement, the Purchaser shall remit such Dilution Reserve Reimbursement to the applicable Seller on the earlier to
occur of (i) the next Purchase Date after receipt of such Dilution Reserve Reimbursement and (ii) the Discharge Date. 

  

	5	FEES AND INTEREST 

  

	5.1	Interest 

 With respect to
amounts not paid or deposited when due from a Seller to the Purchaser, such Seller shall pay the Purchaser, within ten (10) days after demand, interest on all such amounts not paid or deposited (from the date due or required to be deposited to
and including the date paid or deposited) at a rate per annum equal to the most recently determined Applicable Rate plus [***] percent ([***]%). 
  

	5.2	Calculation of interest 

Any interest accruing under this Agreement and payable to the Purchaser accrues from day to day on the basis of the actual number of days
elapsed and a year of three hundred sixty (360) days. 
  

	5.3	Early termination fee 

Upon any termination of this facility pursuant to the exercise by the Seller Agent of its right in the definition of Expiration Date to
declare the Expiration Date, the Seller Agent shall pay to the Purchaser on the date declared by the Seller Agent to be the Expiration Date a fully earned and non-refundable early termination fee equal to the product of (a) the sum of the
Debtor Purchase Limits and (b) [***]. 
  

	6	ADMINISTRATION AND COLLECTION 

  

	6.1	Seller Agent as Collection Agent 

  

	 	(a)	The Purchaser hereby appoints the Seller Agent as the Purchaser’s agent to administer and collect the Purchased Debts and to enforce the Purchaser’s rights
and interests in the Purchased Debts, the Associated Rights, the Related Security and the related Contracts of Sale. The Seller Agent hereby accepts such appointment. The Seller Agent hereby appoints each Seller to act as a sub-servicer for the
Seller Agent in respect of the administration and collection of the Purchased Debts sold by such Seller and each such Seller hereby accepts such appointment; provided, however, that notwithstanding any appointment of any Seller as a
sub-servicer, the Seller Agent shall remain primarily responsible and liable for all of its duties and obligations as collection agent hereunder. The appointment of each Seller as a sub-servicer shall automatically terminate, without notice, upon
any termination hereunder of the Seller Agent as collection agent for the Purchaser. 

  

	 	(b)	The Purchaser may at any time, in its sole and absolute discretion, terminate and remove the Seller Agent from its role as collection agent for any Purchased Debt upon
[***] days’ notice to the Seller Agent; provided that no such removal shall be effective unless a replacement collection agent has been designated as provided in the next sentence and has accepted such appointment. Upon any such
removal, the Purchaser may designate as collection agent any person (including the Purchaser) to succeed the Seller Agent as collection agent for any Purchased Debt. 

 

	 	(c)	 Notwithstanding section 6.1(b) above, with respect to any Purchased Debt that is a Delinquent Debt or a Bankrupt Debt, the Purchaser shall have the
rights, and the Seller Agent and the related Seller shall have the obligations, described in section 6.3(a), as such rights and obligations relate solely to such Debts, and the Purchaser may, following at least [***] notice to the Seller Agent
(which time period shall not be in addition to any other time period 

  
 6 

	 	 
applicable to any prior notice to required by any other provision of this Agreement, including, without limitation, pursuant to section 6.3(a)) otherwise take such action as it deems necessary to
collect the Outstanding Balance of such Debts, including, without limitation, dealing directly with the Debtor thereof; provided that the Purchaser may, without the consents of any of the Seller Agent or any Seller, but subject to the
foregoing notice requirement, subcontract with any other person for the administration and collection of all or any portion of such Debts at the Purchaser’s cost and provided, further, that if, with respect to any such Delinquent Debt,
the Seller Agent provides evidence reasonably acceptable to the Purchaser that there are unallocated collections related to Debts of the related Approved Debtor, which if allocated, would permit the payment in full of all such Delinquent Debts and
all other unpaid Debts of such Approved Debtor, then the Purchaser shall not exercise any rights otherwise provided for under this section 6.1(c) in respect of such Delinquent Debts. 

 

	6.2	Duties and Covenants of the Seller Agent as Collection Agent 

  

	 	(a)	The Seller Agent shall take or cause to be taken all such actions as it deems necessary or advisable to collect each Purchased Debt from time to time, all in accordance
with applicable laws, rules and regulations unless non-compliance with such applicable laws, rules and regulations would (i) not have a Material Adverse Effect or (ii) result in any Purchased Debt ceasing to be an Eligible Debt. The Seller
Agent shall use reasonable care and diligence at all times in the performance of its duties hereunder consistent with the reasonable commercial practice of prudent collection agents involved in the management and collection of proceeds with respect
to assets similar to the Debts but in any case with no less reasonable care and diligence than it would use with respect to its own receivables and in all cases, in accordance with the Credit and Collection Policy. 

 

	 	(b)	The Seller Agent and each Seller (with respect to Accounting Records relating to Debts sold by it hereunder) shall hold all Accounting Records that evidence or relate
to the Purchased Debts in trust for the Purchaser. The duties and obligations of the Seller Agent and each Seller as trustee of all such Accounting Records shall be and are subject to the duties and obligations of the Seller Agent and each Seller as
the trustee for the Purchaser of all such Accounting Records. The Seller Agent or the applicable Seller shall, as soon as practicable upon demand of the Purchaser, deliver or make available to the Purchaser all Accounting Records in its possession
which evidence or relate to any Purchased Debts. 

  

	 	(c)	[reserved] 

  

	 	(d)	The Seller Agent and each Seller, as applicable, agrees to promptly and correctly record in each of their respective Accounting Records its obligation to collect the
Purchased Debts and the Associated Rights and obtain the benefits of the Related Security and that such assets have been sold to, and are owned by, the Purchaser. 

 

	 	(e)	 Neither the Seller Agent nor any Seller may under any circumstances consent to (i) any payment delays, waivers of payments, extension of payment
terms, negotiation of settlements of Outstanding Balances, or (ii) amend, forgive, discharge, compromise, cancel or waive the terms or conditions, of any Purchased Debt without the Purchaser’s prior written consent; provided, however, if
the Seller Agent or any Seller determines that it is in the best interests of maintaining client relations (in order to effect a reconciliation of the terms and conditions of the Purchased Debt on the books and records of the Debtor with the books
and records of the applicable Seller and the Seller Agent) with the related Approved Debtor, any of the Seller Agent or the Seller that sold such Purchased Debt to the Purchaser may purchase the related Debt from the Purchaser for an amount equal to
the current Outstanding Balance of such Purchased Debt and may, following such purchase, grant any such payment delay, waiver of payments, extension of payment terms, negotiation of settlements of Outstanding Balances or amend, forgive, discharge,
compromise, cancel or waive the terms or conditions of any Purchased Debt or 

  
 7 

	 	 
otherwise make any amendment or modification of such Purchased Debt in each case, in order to effect such above-mentioned reconciliation. 

 

	 	(f)	The Seller Agent agrees to notify the Purchaser promptly of any event, fact, condition or circumstance of a Responsible Officer of the Seller Agent is aware that would
be reasonably likely to have a material effect upon such Seller’s or the Seller Agent’s credit decisions to maintain or continue to originate Debts owning from any Approved Debtor. 

 

	 	(g)	The Seller Agent agrees to keep separately identifiable records covering the transactions contemplated by this Agreement, including the identity and collection status
of each Purchased Debt sold by such Seller to the Purchaser. 

  

	 	(h)	The Seller Agent shall forward to the Purchaser on each Remittance Date with respect to each Purchased Debt, all Remittances of Purchased Debts received by it or any
Seller on or after the prior Remittance Date (or, in the case of the first Remittance Date, since the first Purchase Date) and to, but excluding the current Remittance Date. 

 

	 	(i)	Neither the Seller Agent nor any Seller may take any action or permit any person to take any action relating to the enforcement of any Purchased Debt that would make
the Purchaser a party to any litigation or arbitration proceeding without the Purchaser’s prior written consent. 

  

	 	(j)	In the case of any Insolvency of a Debtor, the Seller Agent and each Seller agrees to take all steps necessary to preserve any claim relating to the Purchased Debt
against such Debtor, including without limitation submitting any claim, proof of debt or other documentation required in any Insolvency proceeding affecting the Debtor and taking such other steps as requested by the Purchaser.

  

	6.3	Rights of the Purchaser 

  

	 	(a)	At any time upon at least [***] prior notice to the Seller Agent, the Purchaser may, in its sole and absolute discretion deliver to any Approved Debtor the Debtor
Notification. 

  

	 	(b)	Each Seller hereby authorizes the Purchaser to take, at any time on or after the occurrence of a Purchaser Action Event, any and all steps in such Seller’s name
and on behalf of such Seller that are necessary or desirable, in the determination of the Purchaser, to collect amounts due under all Purchased Debts, including, without limitation, endorsing such Seller’s name on checks and other instruments
representing Remittances and enforcing such Debts and the Related Security and related Contracts of Sale; provided, however, that the Purchaser agrees to act in accordance with all applicable laws in taking such steps.

  

	 	(c)	At any time on or after the occurrence of a Purchaser Action Event, the Purchaser may direct the Seller Agent and each Seller to, at their respective sole expense,
segregate all cash, checks and other instruments received by it from time to time constituting Remittances in a manner acceptable to the Purchaser and, promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly
executed instruments of transfer, to the Purchaser or its designee. 

  

	6.4	Responsibilities of the Sellers 

 Anything to the contrary herein notwithstanding: 
  

	 	(a)	Each Seller shall perform its obligations under the Contracts of Sale related to each Purchased Debt sold by it to the same extent as if such Debt had not been sold,
and the exercise by the Purchaser of its rights hereunder shall not release any Seller from any of its duties or obligations with respect to any such Debts or under the related Contracts of Sale; and 

 

	 	(b)	The Purchaser shall not have any obligation or liability with respect to any Purchased Debt or any related Contract of Sale, nor shall it be obligated to perform the
obligations of any Seller thereunder. 

  
 8 

	6.5	Remittances 

  

	 	(a)	The Parties agree that, if a Remittance Date is also a Purchase Date, the Purchaser, at its sole option, may, but shall not be required to, reduce the amounts to be
paid over to the Purchaser by each Seller under section 6.2(h) by subtracting from such amounts an amount equal to the amounts owing by the Purchaser under section 4.1, such that the mutual obligations owing under such sections are discharged by the
making of one (1) payment by the Purchaser to the Seller Agent, on behalf of the Sellers, or one (1) payment by the Seller Agent, on behalf of the Sellers, to the Purchaser, as the case may require after giving effect to such netting.

  

	 	(b)	If the Purchaser receives any Remittance in respect of a Purchased Debt in a currency other than the Approved Currency, the Purchaser shall convert that Remittance to
the Approved Currency at the Spot Rate of Exchange on the date of conversion. The applicable Seller will be responsible for all bank charges, fees and commissions incurred in such conversion together with all resulting exchange rate losses and shall
pay all such amounts to the Purchaser immediately upon delivery by the Purchaser to the Seller Agent of an invoice therefor. 

  

	 	(c)	Neither the Seller Agent nor any Seller shall be required, except upon the occurrence and during the continuation of a Termination Event, to segregate Remittances from
the general funds of the Seller Agent or such Seller prior to remittance thereof in accordance with section 6.2(h). If the Seller Agent or any Seller is required to segregate Remittances pursuant to the terms of this Agreement, such person shall
segregate such amounts and deposit them with a bank designated by the Purchaser. 

  

	 	(d)	Following a Downgrade Event, the Seller Agent and each Seller shall make daily Remittances of Purchased Debts received on or after the prior Remittance Date.

  

	 	(e)	Purchaser agrees that if at any time after it delivers a Debtor Notification or has terminated the Seller Agent in its role as collection agent hereunder it receives
any amounts from or on behalf of an Approved Debtor other than with respect to a Purchased Debt, (i) if the Purchaser has possession of such amounts, it will promptly (and in any event within ten (10) Business Days after it has determined
that it has received any such amounts) remit such amount to Seller Agent or (ii) if the Purchaser does not have possession of such amounts, it will within such ten (10) Business Day period request that the Investors return to the Purchaser
such amounts and the Purchaser will promptly, after receipt of such amounts from the Investors, remit such amount to the Seller Agent, in each case, together with such details as shall be available to the Purchaser with respect to such amount
received. 

  

	6.6	Servicing Fee 

  

	 	(a)	 During the period of time that the Seller Agent acts as the collection agent hereunder it shall be entitled to receive from the Purchaser a servicing
fee. The servicing fee is included in the calculation of the Purchase Price for any Eligible Debt (in particular, in the determination of the Discount) and in neither case will be separately stated. The Purchaser, the Seller Agent and each Seller
have bargained for the sale of the Purchased Debts at a Purchase Price on the basis of collection services being the responsibility of the Seller Agent and the parties agree that the imbedded portion of the servicing fee in the Purchase Price
represents an amount, in addition to the value of the related Purchased Debt that is a market fee and is expected to be more than adequate to cover the anticipated costs to such Seller of collection services. Each Seller hereby agrees to pay to the
Seller Agent (and the Seller Agent may net from any payment it receives on behalf of a Seller in respect of the Purchase Price for any Eligible Debt sold by a Seller) the related servicing fee for such Eligible Debt. For the avoidance of doubt, it
is understood by the parties hereto that, because the servicing fee is taken into account in calculating the Purchase Price for each Eligible Debt (in particular, in the determination of the Discount), no payment of any Purchase Price will be
increased by any amount in respect of the payment of the servicing fee or 

  
 9 

	 	 
the sub-servicing fee and, for so long as a Seller is the collection agent, no separate payment of the servicing fee or the sub-servicing fee shall be made or payable by the Purchaser.

  

	 	(b)	The Seller Agent, in its capacity as the collection agent, shall be required to pay all expenses incurred by it in connection with its servicing activities or
sub-servicing activities, as applicable, hereunder (including payment of the fees and expenses of any of its agents) and shall not be entitled to additional reimbursement from the Purchaser therefor. 

 

	 	(c)	If the Seller Agent ceases to act as collection agent hereunder, the Purchaser shall exclude the servicing fee described in section 6.6(a) from the calculation of the
Purchase Price of any Eligible Debt. 

  

	7	[RESERVED] 

  

	8	REPRESENTATIONS AND WARRANTIES 

  

	8.1	General representations and warranties 

 Each Seller and the Seller Agent represents and warrants to the Purchaser that the representations and warranties set forth on Part I of Exhibit B hereto are true and correct; provided, however, that only
the Sellers shall make the representations and warranties set forth in clauses (b) and (s) of Part I of Exhibit B hereto. 
  

	8.2	Times for making representations and warranties 

  

	 	(a)	Save where otherwise specified, the representations and warranties set out in Part I of Exhibit B are made by each Seller and the Seller Agent on the Effective Date,
or, if a Seller becomes a party to this Agreement in accordance with the provisions of section 25, on the date such Seller becomes a party hereto. 

  

	 	(b)	Unless a representation and warranty is expressed to be given at or as of a specific date or dates only, each representation and warranty set out in Part I of Exhibit B
is deemed to be repeated by each Seller and the Seller Agent on each Purchase Date. 

  

	8.3	Warranties relating to Purchased Debts 

 In relation to each Purchased Debt sold by a Seller, such Seller will be deemed to have given the representations and warranties set forth on Part II of Exhibit B on the Purchase Date with respect to such
Purchased Debt. 
  

	9	COVENANTS 

  

	9.1	General Affirmative and Negative Covenants 

 The Seller Agent and each Seller covenants as set forth on Part I of Exhibit C. 
  

	9.2	Covenants relating to Purchased Debts 

 In respect of Debts of a Seller generally, each Seller covenants in favor of the Purchaser as set forth on Part II of Exhibit C. 

 

	9.3	Know Your Customer Undertakings. 

 Each Seller and the Seller Agent has taken commercially reasonable action to comply in all material respects with the undertakings set forth in Schedule 7. 

 

	10	REPORTS AND INFORMATION 

  

	10.1	Reports on Debts 

 The
Seller Agent agrees to provide to the Purchaser, in form and substance acceptable to the Purchaser: 

  
 10 

	 	(a)	(account activity) on each Reporting Date a report of the account activity (including amounts of payments and Dilutions) and changes in account status for each
Purchased Debt, including Debts that are subject to a Dispute or that are Delinquent Debts. 

  

	 	(b)	(Debtor master file) on each Offer Date and on any Business Day that there is a deletion or addition of a Debtor or change in any Debtor’s name or address , the
name of each such Debtor and the address of each Debtor on such date; 

  

	 	(c)	(aging) on each Reporting Date, a detailed accounts receivable aging relating to the TV Distribution Business Line, including unallocated cash;

  

	 	(d)	(roll forward) on the Reporting Date occurring in January, April, July and October, a detailed accounts receivable roll forward accounting relating to the TV
Distribution Business Line showing activity (on a monthly basis) for the preceding twelve (12) months, including a reconciliation to the last report provided; and 

 

	 	(e)	(other reports) promptly upon the Purchaser’s reasonable request, other reports with respect to the Debts, including but not limited to reconciliations, payments,
invoices, proof of delivery, shipping documentation, and projections. 

  

	10.2	Financial statements and other reporting 

  

	 	(a)	The Seller Agent agrees to provide to the Purchaser: 

  

	 	(i)	(A) as soon as available and in any event within 60 days after the end of the first three quarters of any fiscal year, consolidated balance sheets of the Seller Agent
and its Subsidiaries as of the end of such quarter and consolidated statements of income and consolidated cash flows of the Seller Agent and its Subsidiaries for such quarter and the portion of the fiscal year then elapsed, certified by the
controller, chief financial officer or treasurer of the Seller Agent and (B) as soon as available, and in any event within 105 days after the end of each fiscal year of the Seller Agent, audited financial statements for such year of the Seller
Agent and its consolidated Subsidiaries and prepared in accordance with GAAP and certified by KPMG LLP (as to any period prior to the acquisition by Comcast Corporation of its interest in the Seller Agent) or Deloitte & Touche LLP (as to
any period beginning on, and occurring after, the acquisition by Comcast Corporation of its interest in the Seller Agent) or other independent public accountants of recognized national standing reasonably acceptable to the Purchaser; provided that,
with respect to the 2010 fiscal year, such audited financial statements shall be provided upon the later of (x) April 15, 2011 and (y) the date occurring 90 days after the closing date of the joint venture between General Electric
Company and Comcast Corporation; provided further that the Purchaser shall be deemed to have met such requirement if it shall have publicly filed reports at such time with the Securities and Exchange Commission which shall include such financial
statements (when such filing is available on EDGAR); 

  

	 	(ii)	as soon as possible and in any event within seven (7) days after (A) the occurrence of each Termination Event or Potential Termination Event, (B) any
material change in the Credit and Collection Policy or (C) any action, proceeding or judgment affecting the Seller Agent or any Seller which could reasonably be expected to have a Material Adverse Effect, a statement of the Chief Financial
Officer of the Seller Agent or such Seller setting forth details thereof and the action that the Seller Agent or such Seller has taken and proposes to take with respect thereto; 

 

	 	(iii)	at least forty five (45) Business Days prior to any change in any Seller’s name, a notice setting forth the proposed name and the effective date thereof; and

  
 11 

	 	(iv)	such other information documents, records or reports in respect of the Purchased Debts, the Associated Rights, the Related Rights, the financial condition of Seller or
any of its Subsidiaries as the Purchaser may from time to time reasonably request. 

  

	 	(b)	The Seller Agent covenants that all financial statements provided under this Agreement will: 

 

	 	(i)	fairly present the financial condition (consolidated if it has Subsidiaries) of the relevant person as at the dates thereof and for the periods then-ended;

  

	 	(ii)	comprise at least a consolidated balance sheet, profit and loss account and cashflow statement as at the dates thereof and for the periods then-ended;

  

	 	(iii)	be prepared in accordance with GAAP, consistently applied, except as noted therein. 

 

	10.3	Compliance Certificates 

 The Seller Agent
shall supply to the Purchaser a compliance certificate with its financial statements in the form attached hereto as Schedule 3. Each such compliance certificate must be signed by the controller, chief financial officer or treasurer of the Seller
Agent. 
  

	11	TERMINATION EVENTS AND CONSEQUENCES 

  

	11.1	Each of the following is a Termination Event; provided, however, in any instance where the Performance Guarantor has timely performed the obligation of a Seller
(including giving effect to any grace periods in this section 11.1) that gives rise to a Termination Event, then the failure by such Seller to so act or perform shall not constitute a Termination Event: 

 

	 	(a)	(non-payment) the Seller Agent, the Guarantor or any Seller does not pay within five (5) Business Days after the due date, in the case of the Seller Agent
or any Seller, or after demand in the case of the Guarantor, any amount payable by it under the Receivables Documents in the manner required under the Receivables Documents; 

 

	 	(b)	(breach of terms) the Seller Agent, the Guarantor or any Seller does not comply with any term of the Receivables Documents, unless the non-compliance:

  

	 	(i)	is capable of remedy; and 

  

	 	(ii)	if such breach relates to (x) any report required by section 10, is remedied within ten (10) Business Days after the earlier of the Purchaser giving notice of
the breach and a Responsible Officer of the Seller Agent becoming aware of the non-compliance or (y) any provision of the Agreement other than section 10, is remedied within fifteen (15) Business Days after the earlier of the Purchaser
giving notice of the breach and a Responsible Officer of the Seller Agent becoming aware of the non-compliance; 

  

	 	(c)	(representation or warranty) a representation or warranty made or deemed to be repeated by the Seller Agent, the Guarantor or any Seller in any Receivables
Document or in any document delivered by or on behalf of the Seller Agent, the Guarantor or any Seller under any Receivables Document is incorrect or misleading in any material respect when made or deemed to be repeated and such breach is not cured
within three (3) Business Days after the earlier of the Purchaser giving notice of the breach and a Responsible Officer of the Seller Agent, the Guarantor or such Seller, as applicable, becoming aware of such breach; provided, however,
that, such period shall be extended for up to an additional thirty (30) days if such breach is capable of cure and Seller Agent or the Guarantor, as applicable, is diligently pursuing a cure; provided, further, however, that this
section 11.1(c) shall not apply to any failure of a Debt to have been an Eligible Debt on the date of the related Notice of Assignment, the sole remedy with respect to which shall be as provided in section 4.2; 

 

	 	(d)	 (indebtedness) the Seller Agent or the Guarantor shall fail to pay when due any amount in respect of any Indebtedness and such failure shall
continue after any applicable grace period, or 

  
 12 

	 	 
any other event shall occur or condition shall exist in respect of such Indebtedness and shall continue after any applicable grace period, the effect of which is to result in such Indebtedness
becoming due and payable prior to the stated maturity thereof; provided, however, that such Indebtedness is at least (i) two hundred million dollars ($200,000,000) for Indebtedness; 

 

	 	(e)	(insolvency) the Seller Agent, the Guarantor or any Seller is Insolvent or an Insolvency proceeding occurs in respect of the Seller Agent or any Seller;

  

	 	(f)	(suspension) the Seller Agent, the Guarantor or any Seller suspends, ceases, or threatens to suspend or cease, to carry on all or a substantial part of its
business or to change the nature of its business from that undertaken at the date of this Agreement; 

  

	 	(g)	(Receivables Documents) with respect to any Receivables Document: 

  

	 	(i)	it is or becomes unlawful for the Seller Agent, the Guarantor or any Seller to perform any of its obligations under any Receivables Document to which it is a party;

  

	 	(ii)	any Receivables Document to which it is a party is not effective against the Seller Agent, the Guarantor or any Seller, as applicable, in any material respect or is
alleged by the Seller Agent, the Guarantor or any Seller to be ineffective in any material respect for any reason; or 

  

	 	(iii)	the Seller Agent, the Guarantor or any Seller repudiates or rescinds a Receivables Document to which it is a party or evidences an intention to repudiate or rescind a
Receivables Document to which it is a party; 

  

	 	(h)	(joint venture ownership) the failure of Comcast Corporation to own at any time, directly or indirectly, at least fifty one percent (51%) of the
then-outstanding membership interests of the Seller Agent; 

  

	 	(i)	(litigation) any litigation, arbitration, administrative, governmental, regulatory or other investigations, proceedings or enquiry occurs (including any such by
any monopoly, anti-trust or competition authority or commission, or any equivalent body in the United States or any division of any of them or authority deriving power from any of them) concerning or arising in consequence of any of the Receivables
Documents or the implementation of any matter or transaction provided for in the Receivables Documents, and which is reasonably likely to be determined adversely to the Seller Agent, the Guarantor or any Seller, and which if so determined would have
a Material Adverse Effect; or 

  

	 	(j)	(judgment) one or more judgments or orders is made against the Seller Agent, the Guarantor, or any Seller involving an aggregate liability (not paid or fully
covered by insurance) of more than two hundred million dollars ($200,000,000) unless all those judgments and orders are vacated, discharged or stayed pending appeal within thirty (30) days of their being made. 

 

	11.2	Consequences of Termination Events 

 If a Termination Event occurs (i) under clauses (e) or (g) of section 11.1, the Facility shall automatically terminate without any action by the Purchaser and the Purchaser may, if not
previously canceled, cancel any agency that the Seller Agent and of any or all Sellers may have under the Facility to manage and collect any Purchased Debts, (ii) under any clause of section 11.1 other than (e), (g) or (h), the Purchaser
may, in its absolute discretion, upon written notice to the Seller Agent, the Guarantor or any Seller, terminate all or any part of the Facility and, if not previously canceled, cancel any agency of the Seller Agent or any or all Sellers may have
under the Facility to manage and collect any Purchased Debts or (iii) under clause (h) of section 11.1, , the Purchaser may, in its absolute discretion, at any time on or after the sixtieth (60th) day following the date on which Comcast Corporation fails to
maintain the minimum ownership set forth in such clause (h) of the Seller Agent, upon written notice to the Seller Agent, the Guarantor or any Seller, terminate all or any part of the Facility and, if not previously canceled, cancel any agency
of the Seller Agent or any or all Sellers may have under the Facility to manage and collect any Purchased Debts. 

  
 13 

	12	TERM AND TERMINATION OF FACILITY 

  

	12.1	Term 

 The Facility shall
terminate on the Termination Date. 
  

	12.2	Termination 

 Upon the
termination of the Facility for whatever reason: 
  

	 	(a)	the Seller Agent and each Seller agrees that it will not attempt to cancel any notices of transfer or assignment given to Debtors in respect of any Purchased Debts or
attempt to collect Purchased Debts itself; 

  

	 	(b)	at the Purchaser’s request the Seller Agent will advise any Debtors with credit balances that the Purchaser is not responsible for them; and

  

	 	(c)	each Seller will be responsible for all credit balances on Debtors’ accounts related to such Seller and will indemnify the Purchaser in respect of all claims by
Debtors for those balances. 

  

	12.3	Continuing rights and obligations 

  

	 	(a)	Except as otherwise provided, the termination of the Facility shall not affect the respective rights and obligations of the Seller Agent, any Seller, the Guarantor or
the Purchaser in respect of: 

  

	 	(i)	any Debts which shall have come into existence prior to its termination; or 

 

	 	(ii)	any transactions or events having their inception prior to the termination of the Facility, including the continuation of any interest, fees, charges, costs or
expenses. 

  

	 	(b)	All rights and obligations (including the continuation of any interest, fees, charges, costs or expenses, if applicable) hereunder that arose prior to the termination
of the Facility shall remain in full force and effect until all monies due from the Seller Agent or any Seller shall have been received by the Purchaser and all monies due from the Purchaser to the Seller Agent or the Sellers shall have been paid.

  

	 	(c)	Notwithstanding the termination of the Facility as a result of the occurrence of a Termination Date described in clause (c) of the definition thereof, the
Purchaser shall be entitled (but shall not be obligated) to purchase any Eligible Debts described in any Notice of Assignment delivered to the Purchaser prior to such termination but for which the Purchase Date has not yet occurred. Such purchase,
if made by the Purchaser, shall be upon the terms and conditions contained in this Agreement, notwithstanding the prior termination of the Facility as described in this paragraph, and all Eligible Debts so purchased shall be Purchased Debts for all
purposes under this Agreement. 

  

	13	NATURE OF TRANSACTION; GRANT OF SECURITY INTEREST 

  

	13.1	True sale 

 It is
the intent of the parties hereto that each purchase and sale of a Debt under this Agreement is and shall be a sale of such Debt for all purposes and not a loan secured by such Debts. Each such sale shall be absolute and irrevocable, providing the
Purchaser with the full risks and benefits of ownership of the related Purchased Debts (such that the related Purchased Debts would not be property of a Seller’s estate in the event of its bankruptcy). The parties agree that appropriate UCC
financing statements have been or shall promptly be filed to reflect that each Seller is the seller and the Purchaser is the purchaser of the Debts under this Agreement. 

 

	13.2	Security interest 

 Each
Seller and the Purchaser have structured this Agreement with the intention that each purchase of Debts hereunder be treated as a sale of such Debts by the related Seller to the Purchaser for all purposes.

  
 14 

 
Each Seller and the Purchaser shall record each purchase as a sale or purchase, as the case may be, on its books and records, and reflect each purchase in its financial statements and tax returns
as a sale or purchase, as the case may be. In the event that, contrary to the mutual intent of each Seller and the Purchaser, any purchase of a Debt hereunder is not characterized as a sale thereof, each Seller hereby grants to the Purchaser a
security interest, as security for all of each Seller’s respective Seller Liabilities, in all of the present and future rights of each Seller in: (a) all Purchased Debts of such Seller; (b) Related Security with respect to each such
Debt of such Seller; (c) all sums standing to such Seller’s credit with the Purchaser; (d) any of such Seller’s property related to such Debts of such Seller in the Purchaser’s possession; (e) all Associated Rights with
respect to such Debt and (f) all proceeds of the foregoing including insurance proceeds (collectively, the “Collateral”) (and the parties hereto agree that this Agreement shall be deemed to be a security agreement for
such purposes). The terms “accounts”, “instruments”, “documents”, “chattel paper”, “deposit accounts” and “general intangibles”, as used herein, shall have the respective meanings ascribed
to such terms in the Uniform Commercial Code as in effect in any applicable jurisdiction. Recourse to security shall not at any time be required and each Seller shall at all times remain liable for the repayment upon demand of all of their
respective Seller Liabilities. Each Seller irrevocably authorizes the Purchaser at any time and from time to time to file in any jurisdiction all financing statements, amendments thereto and continuation statements provided for by the Uniform
Commercial Code as in effect in any applicable jurisdiction in order to perfect or continue the perfection of the Purchaser’s interests in the Collateral (or any interest in assignee of the Purchaser therein). Each Seller shall cooperate with
the Purchaser in the filing, recording or renewal thereof (and shall if requested execute such documents as may be necessary in such regard), and to pay all out-of-pocket search, filing and recording fees and expenses related thereto (including,
without limitation, fees of counsel to Purchaser to cause filings to be made), and, to the extent required or permitted by applicable law, each Seller authorizes the Purchaser to make any filing for any of the foregoing purposes and to sign, for the
foregoing purposes, such Seller’s name thereon. Each Seller shall execute, acknowledge and/or deliver such other instruments or assurances as the Purchaser may reasonably request to effectuate the purposes of this Agreement. 

 

	14	POWER OF ATTORNEY 

  

	14.1	Each Seller appoints the Purchaser as its attorney in fact to: 

  

	 	(a)	execute or sign any deeds or documents (including assignments) relating to Purchased Debts sold by such Seller; 

 

	 	(b)	obtain payment of the Purchased Debts sold by such Seller; 

  

	 	(c)	complete, deal with, negotiate or endorse Remittances of all Purchased Debts sold by such Seller; 

 

	 	(d)	institute, conduct, compromise or defend any legal proceedings relating to the Purchased Debts sold by such Seller; 

 

	 	(e)	settle any indebtedness to the Purchaser or to Debtors relating to each Purchased Debt, sold by such Seller; and 

 

	 	(f)	perform such other lawful acts as the Purchaser in its absolute discretion may consider reasonably necessary or expedient in connection with the foregoing.

 This power of attorney, being coupled with an interest, is irrevocable and shall not expire until all monies and
obligations due to the Purchaser under all of the Receivables Documents have been paid and discharged and the applicable Seller is under no further obligation to the Purchaser under any of the Receivables Documents. 

The Purchaser hereby agrees that it will not exercise its rights under the foregoing power of attorney until a Purchaser Action Event has
occurred. 
  

	14.2	Each Seller hereby ratifies all actions lawfully taken by any attorney, substitute attorney or agent under the powers set out above. 

  
 15 

	15	INDEMNITIES AND TAXES 

  

	15.1	Currency indemnity 

  

	 	(a)	Each Seller shall, as an independent obligation, indemnify the Purchaser against any loss or liability which the Purchaser incurs as a consequence of:

  

	 	(i)	the Purchaser receiving an amount in respect of such Seller’s liability under the Receivables Documents; or 

 

	 	(ii)	that liability being converted into a claim, proof, judgment or order, 

 in a currency other than the Approved Currency. 
  

	 	(b)	Unless otherwise required by law, each Seller waives any right it may have in any jurisdiction to pay any amount under the Receivables Documents in a currency other
than the Approved Currency. 

  

	15.2	Other indemnities 

  

	 	(a)	Subject to clause (d) of this section 15.2, each Seller shall indemnify the Purchaser against any loss or liability which the Purchaser incurs (including without
limitation any loss or liability incurred by the Purchaser as a result of any sale by the Purchaser of any Purchased Debt to any Investor solely to the extent that such loss or liability arises as a result of a breach by the Seller Agent or a Seller
of the terms of this Agreement, it being understood that any such indemnity in respect of the matters referred to in this parenthetical clause shall not include (A) any indemnification for any termination fees or breakage cost or other, similar
fee or (B) any penalty provided for by contract in favor of any Investor which exceeds the amount of or is more favorable than those provided for in this Agreement) as a consequence of: 

 

	 	(i)	the occurrence of any Termination Event arising from the action or inaction by such Seller or otherwise related to such Seller; 

 

	 	(ii)	any failure by such Seller to pay any amount due by such Seller under a Receivables Document on its due date; 

 

	 	(iii)	the purchase or ownership by the Purchaser of any Eligible Debt; 

  

	 	(iv)	claims by third parties related to such Seller’s right to transfer ownership of any Purchased Debt sold by such Seller to the Purchaser; 

 

	 	(v)	breach by such Seller of any of its representations, warranties, covenants or other agreements of such Seller made under this Agreement; 

 

	 	(vi)	dealing with Disputes by Debtors or any matters arising out of any such Disputes, to the extent related to any Purchased Debt sold by such Seller;

  

	 	(vii)	enforcing, attempting to enforce or considering the enforcement of any Receivables Document against such Seller; 

 

	 	(viii)	matters arising out of any breach by such Seller of its obligations under any data protection legislation to which it is subject; 

 

	 	(ix)	any misuse of or damage by such Seller to the Software; 

  

	 	(x)	the provision by such Seller to or access by the Purchaser of incorrect, incomplete or inaccurate Electronic Data; or 

 

	 	(xi)	the Purchaser’s reliance on information the Purchaser reasonably believes to have been sent to it from such Seller in accordance with section 21.5 or acting or
relying on any notice that the Purchaser reasonably believes to be from such Seller or the Seller Agent and to be genuine, correct and appropriately authorized. 

  
 16 

	 	(b)	The Seller Agent shall indemnify the Purchaser against any loss or liability which the Purchaser incurs (including without limitation any loss or liability incurred by
the Purchaser as a result of any sale by the Purchaser of any Purchased Debt to any Investor solely to the extent that such loss or liability arises as a result of a breach by the Seller Agent of the terms of this Agreement, it being understood that
any such indemnity in respect of the matters referred to in this parenthetical clause shall not include (A) any indemnification for any termination fees or breakage cost or other, similar fee or (B) any penalty provided for by contract in
favor of any Investor which exceeds the amount of or is more favorable than those provided for in this Agreement) as a consequence of: 

  

	 	(i)	breach by the Seller Agent of any of its representations, warranties, covenants or other agreements of the Seller Agent made under this Agreement; enforcing, attempting
to enforce or considering the enforcement of any Receivables Document against such Seller; 

  

	 	(ii)	matters arising out of any breach by the Seller Agent of its obligations under any data protection legislation to which it is subject; 

 

	 	(iii)	any misuse of or damage by the Seller Agent to the Software; 

  

	 	(iv)	the provision by the Seller Agent to or access by the Purchaser of incorrect, incomplete or inaccurate Electronic Data; or 

 

	 	(v)	the Purchaser’s reliance on information the Purchaser reasonably believes to have been sent to it from the Seller Agent in accordance with section 21.5 or acting
or relying on any notice that the Purchaser reasonably believes to be from the Seller Agent and to be genuine, correct and appropriately authorized. 

  

	 	(c)	Subject to clause (d) of this section 15.2 each of the Sellers, jointly and severally, shall indemnify the Purchaser against any loss or liability incurred by the
Purchaser as a result of investigating any event which the Purchaser reasonably believes to be a Termination Event or a Potential Termination Event arising from any action or inaction by any Seller or otherwise related to any Seller.

  

	 	(d)	Notwithstanding the foregoing, no Seller shall have any obligation to indemnify the Purchaser for any loss, cost or expense incurred by the Purchaser resulting from
(i) the bankruptcy, insolvency or financial inability of any Debtor of any Purchased Debt to pay any amount owed by such Debtor in respect of such Debt or (ii) the Purchaser’s bad faith, gross negligence or willful misconduct.

  

	15.3	Stamp taxes 

 With respect
to any Seller, such Seller shall pay and indemnify the Purchaser against any stamp duty, registration or other similar Tax payable in connection with the entry into, performance or enforcement of any Receivables Document and any Purchased Debt sold
by such Seller. 
  

	15.4	Requirement to gross-up 

All payments to be made to the Purchaser under the Receivables Documents shall be made free and clear of and without deduction for or on
account of Tax unless the person making such payment is required by law to make such a payment subject to the deduction or withholding of tax, in which case the sum payable in respect of which such deduction or withholding is required to be made
shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding (including any deduction or withholding applicable to additional sums payable under this section), the Purchaser receives and retains (free
from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or been required to be made. 

  
 17 

	15.5	Nature of Indemnities 

Each of the indemnities in this Agreement shall continue in full force and effect notwithstanding termination of this Agreement.

  

	16	FEES, EXPENSES AND CHARGES 

  

	16.1	Initial costs 

 On the
Effective Date the Seller Agent, on behalf of the Sellers, shall pay to the Purchaser (to the extent not previously reimbursed) the amount of all costs and expenses (including the costs and expenses of legal advisers) reasonably incurred by the
Purchaser in connection with due diligence visits, the negotiation, preparation, printing, execution and perfection of the Receivables Documents and other documents contemplated thereby. 

 

	16.2	Subsequent costs 

 The
Seller Agent, on behalf of the Sellers shall pay to the Purchaser the amount of all reasonable costs and expenses (including the costs and expenses of legal advisers and auditors) reasonably incurred by it in connection with: 

 

	 	(a)	the Purchaser auditing any Purchased Debt (including any Field Examination Fee); 

 

	 	(b)	due diligence visits, the negotiation, preparation, printing, execution and perfection of any Receivables Document and other documents contemplated thereby executed
after the date of this Agreement (other than amendments); 

  

	 	(c)	any amendment, waiver or consent made or granted in connection with any Receivables Documents to which the Purchaser is a party; 

 

	 	(d)	any other matter not of an ordinary administrative nature arising out of or in connection with any Receivables Document to which the Purchaser is a party; and

  

	 	(e)	investigating any event that the Purchaser reasonably believes to be a Termination Event or a Potential Termination Event. 

 

	16.3	Enforcement costs 

 The
Seller Agent, on behalf of the Sellers shall pay to the Purchaser the amount of all costs and expenses (including the costs and expenses of legal advisers) incurred by it in connection with the enforcement of, or the preservation of any rights
under, any Receivables Document to which the Purchaser is a party. 
  

	16.4	Charges 

 The Seller
Agent, in its capacity as collection agent, will pay all out-of-pocket costs, expenses and charges incurred by the Purchaser in connection with the operation of the Facility for third-party banking services, including, without limitation, for:

  

	 	(a)	collecting any Remittances in a currency other than an Approved Currency; 

  

	 	(b)	collecting Remittances in an Approved Currency drawn on a bank outside the Applicable Jurisdiction; 

 

	 	(c)	dealing with dishonored Remittances; and 

  

	 	(d)	wire transfers. 

  

	17	AMENDMENTS AND WAIVERS 

Except as otherwise specifically set forth in this Agreement, no modification of or amendment to this Agreement shall be valid unless in a
writing signed by the parties hereto referring specifically to this Agreement and stating the parties’ intention to modify or amend the same. Any waiver of any term or condition of this Agreement must be in a writing signed by the party sought
to be charged with such 

  
 18 

 
waiver referring specifically to the term or condition to be waived, and no such waiver shall be deemed to constitute the waiver of any other breach of the same or of any other term or condition
of this Agreement. Failure of a party to exercise any of its rights under this Agreement or any delay in exercising such rights shall not be deemed a waiver of such right or any other of such party’s rights. 

 

	18	CHANGES TO THE PARTIES 

  

	18.1	Assignments and transfers generally 

 Except as otherwise provided herein, none of the Purchaser, the Seller Agent or any Seller may assign or transfer any of its rights and obligations, or delegate any of its duties, under this Agreement or
any other Receivables Document to which it is a party without the prior consent of each of the other parties hereto, and any such attempted assignment or transfer without such consents shall be null and void. 

 

	18.2	Costs resulting from change of Seller 

 Subject to section 18.1 above, with respect to the Seller Agent or any Seller, any costs, charges or expenses (including legal expenses) reasonably incurred by the Purchaser by reason of or in connection
with any transfer or assignment by the Seller Agent or any Seller of any of their respective rights or obligations under this Agreement or any other Receivables Document to which it is a party shall be for the sole account of the Seller Agent or
such Seller, as applicable, including the cost of preparing any documentation to be entered into by such Seller to give effect to or otherwise facilitate such transfer or assignment. 

 

	18.3	Assignments and transfers by the Purchaser 

  

	 	(a)	Notwithstanding section 18.1, the Purchaser (the “Existing Purchaser”) may at any time assign or transfer any of its rights and obligations
under this Agreement to any Affiliate (the “New Purchaser”). 

  

	 	(b)	Any reference in this Agreement to the Purchaser includes a New Purchaser. 

 

	 	(c)	Notwithstanding section 18.1, the Purchaser may sub-participate or subcontract its obligations under this Agreement to any Affiliate or any Financial Institution;
provided, however, that the Purchaser shall remain liable for all of such obligations hereunder. 

  

	 	(d)	Notwithstanding section 18.1, the Purchaser may sell, assign, participate, sub-participate or otherwise transfer to any person any Purchased Debt without the consent or
approval of, or notice to, any Seller or the Seller Agent; provided that the Seller Agent shall have no obligation to perfect the interest of such transferee. 

 

	 	(e)	The Purchaser may disclose to any potential permitted assignee, transferee, participant, sub-participant or any other person who may enter into or be proposing to enter
into contractual relations with the Purchaser in relation to any Receivables Document such information about the Seller Agent and any Seller or any other person as it sees fit; provided that the Purchaser enters into a commercially
reasonable confidentiality agreement with such party to protect any Confidential Information. 

  

	19	DATA PROTECTION AND DISCLOSURE OF INFORMATION 

 The Purchaser hereby notifies the Seller Agent and each Seller and any individuals who are directors, partners or shareholders in the Seller Agent or any Seller and any directors, partners or shareholders
of any of the Seller Agent, any Seller or any of their respective Affiliates, of the Purchaser’s intention, where it considers it necessary, to: 
  

	 	(a)	 store and process information about such individuals on their computers (and on the computers of any other company in the group consisting of the
General Electric Company and the General Electric Company worldwide group of Subsidiaries and affiliated companies (each a “group company”) and in any other way; and to use such information for credit or financial assessments

  
 19 

	 	 
preventing money laundering, fraud or other wrongdoing, making payments, recovering monies, training, preparing statistics and protecting the interests of the Purchaser or group company;

  

	 	(b)	search such individuals’ records at a credit reference agency of the Purchaser’s choice, which may show searches made and information given by other
businesses; details of the Purchaser’s searches will be kept by such agency and may be seen by other organizations that make searches with the agency; such individuals may obtain details of the credit reference agencies and other third parties
from whom the Purchaser obtains and to whom the Purchaser may give information about them by calling such relevant Purchaser and asking for the Data Protection Officer whose details are set out in this Agreement; such individuals have a legal right
to these details; such individuals can also obtain a copy of the information such relevant Purchaser holds about them by writing to such relevant Purchaser’s Data Protection Officer at its address and contact details set out in this Agreement;
a fee will be payable; 

  

	 	(c)	search such individuals’ record with a fraud prevention agency; if at any time they give the Purchaser false information or procure the giving of false information
to the Purchaser and the Purchaser suspects fraud the Purchaser will record this; 

  

	 	(d)	give information about such individuals to (i) any of the group companies for the purposes stated in (a) above; (ii) any potential guarantor of any
Seller’s obligations to the Purchaser so it can assess such obligations; (iii) the Seller Agent’s or any Seller’s bankers, auditors, accountants or other advisers acting for the Seller Agent or any such Seller, so that they can
carry out their services; (iv) people who provide a service to the Purchaser (including insurers, legal and tax advisers) or are acting as the Purchaser’s agents so they can carry out their services; (v) anyone to whom the Purchaser
may assign, transfer or sub-participate the Purchaser’s rights and duties under the Facility in accordance with this Agreement (or any agent or security trustee) to facilitate such assignment, transfer or sub-participation, provided that the
Purchaser enters into a commercially reasonable confidentiality agreement with such party to protect such information; (vi) anyone where the law so allows or the Purchaser has a legal duty of disclosure or needs to protect its interests; and

  

	 	(e)	monitor and/or record telephone conversations with such individuals, the Seller Agent and/or any Seller for training and/or security purposes. 

 

	20	CONFIDENTIALITY 

 The
Purchaser will maintain as confidential during the term of this Agreement any Confidential Information using the same standard of care as it uses in protecting its own confidential information of a similar nature and otherwise on the following terms
and conditions: 
  

	 	(a)	The Purchaser may disclose Confidential Information on a confidential, “need-to-know” basis to the Purchaser’s and the Purchaser’s Affiliate’s
employees, officers, directors and agents (including attorneys) (“Representatives”) in connection with the Transaction, but the Purchaser shall direct each Representative to treat the Confidential Information confidentially;

  

	 	(b)	The Purchaser may disclose without liability any Confidential Information if such disclosure is reasonably believed by the Purchaser to be compelled or required by any
law, court decree, subpoena, legal or administrative order or process, or legitimate request of any governmental agency or authority (collectively, an “Order”). Unless prohibited by the terms of an Order, the Purchaser shall
notify the applicable Seller of the receipt of any such Order and shall reasonably cooperate, at such Seller’s expense, with any attempt by such Seller to obtain an appropriate protective order; and 

 

	 	(c)	 Any Confidential Information shall be, upon a Seller’s written request, either returned or destroyed; however, the Purchaser shall not be required
to expunge from its records internally generated documents (including electronic copies) containing Confidential Information which it 

  
 20 

	 	 
maintains under its normal record retention policy, but the Purchaser shall continue to maintain as confidential all such documents pursuant to the terms of this Agreement.

 The provisions of this section 20 supersede all prior agreements relating to Confidential Information and
shall survive the termination of this Agreement for a period of one (1) year thereafter. 
  

	21	NOTICES 

  

	21.1	In writing 

  

	 	(a)	Any communication in connection with this Agreement must be in writing and, unless otherwise stated, may be given in person, by overnight courier, fax, e-mail or any
other electronic communication approved by the Purchaser. 

  

	 	(b)	For the purpose of this Agreement, an electronic communication will be treated as being in writing and a document. 

 

	21.2	Contact details 

  

	 	(a)	The contact details of each Party for all communications in connection with this Agreement are those set out on Schedule 4 attached hereto or specified in a
Seller’s Joinder Agreement, as the case may be, or as otherwise notified to the other parties pursuant to this section. 

  

	 	(b)	Any party may change its contact details by giving five (5) Business Days’ notice to the other parties to any Receivables Document entered into with it in
accordance with this section 21. 

  

	 	(c)	Notwithstanding the provisions of section 17 of this Agreement, from time to time the Purchaser may update and distribute to the Seller Agent a revised Schedule 4 to
include contact details for additional Sellers who become parties to this Agreement pursuant to the provisions of section 25. Such revised Schedule 4 will replace the then-current Schedule 4 in its entirety and be deemed fully effective.

  

	21.3	Delivery 

  

	 	(a)	Any written notice from the Purchaser to the Seller Agent or a Seller may be given or served by delivering it at or addressing it to: 

 

	 	(i)	such address advised to and acknowledged by the Purchaser as being effective for the purposes of the Receivables Document to which it is a party;

  

	 	(ii)	the address last known to the Purchaser at which such Seller carried on business; or 

by handing it to any officer of such Seller. 
  

	 	(b)	Where a Party nominates a particular department or officer to receive a communication, a communication will not be effective if it fails to specify that department or
officer. 

  

	21.4	Effectiveness 

  

	 	(a)	Except as provided below, any communication in connection with this Agreement (or any other Receivables Document to which the sender and the recipient are parties) will
be deemed to be given as follows: 

  

	 	(i)	if delivered in person, at the time of delivery to such person; 

  

	 	(ii)	if sent by overnight courier, when received by the addressee thereof; 

  

	 	(iii)	if by fax, when received by the addressee in legible form; and 

  

	 	(iv)	if by e-mail or any other electronic communication, when received by the addressee in legible form. 

  
 21 

	 	(b)	A communication given under paragraph (a) above but received on a non-Business Day or after business hours in the place of receipt will only be deemed to be given
on the next Business Day in that place. 

  

	21.5	Authority to act 

 The
Purchaser may accept and act upon any information believed by the Purchaser in good faith to have been sent by a Seller even though such information may not originate from such Seller or the sender had no authority to send it. 

 

	22	WAIVERS AND EXCLUSION OF LIABILITY 

  

	 	(a)	No failure or delay by the Purchaser in exercising any right or remedy under any Receivables Document to which it is a party shall operate as a waiver thereof nor will
any single or partial exercise of any right or remedy prevent any further or other exercise of any other right or remedy. Such rights and remedies are cumulative and not exclusive of any right or remedy provided by law. 

 

	 	(b)	No party hereto shall be liable to any other party hereto for any consequential, secondary or indirect loss, injury or damage or any loss of or damage to goodwill,
profits or anticipated savings (however caused) (save to any extent caused by the fraud of any of its officers or from liability for personal injury or death caused by its negligence). 

 

	 	(c)	No party hereto shall be liable to any other party hereto for any loss, injury, damage or any failure to comply, or any delay in complying with its obligations
hereunder, which is caused directly or indirectly by: 

  

	 	(i)	downtime, unavailability, failure or malfunction of its website, any computer hardware, equipment, any software, or of any telephone line or other communication system,
service, link or equipment, whether it is the property of the Purchaser, any Seller, any network provider or any other party; or 

  

	 	(ii)	any error, discrepancy or ambiguity in any Electronic Data. 

  

	 	(d)	No party hereto shall be liable to any other party hereto if it is delayed in or is unable to perform its duties directly or indirectly because of an event of Force
Majeure. 

 In this section, Force Majeure means an act of God, natural disaster, any exchange control,
governmental or other official regulations or requirements, the outbreak of war, any terrorist act, revolution, civil insurrection, strike, lockout, industrial action or failure of postal, banking or communication services and any circumstances
outside the Purchaser’s or a Debtor’s reasonable control. 
  

	23	GOVERNING LAW, ENFORCEMENT 

  

	23.1	Governing law 

 This
Agreement is governed by and shall be interpreted in accordance with the internal laws of the State of New York without regard to the conflict of laws principles thereof (other than Section 5-1401 of the New York General Obligations Law).

  

	23.2	Jurisdiction 

 The Seller
Agent, each Seller and the Purchaser irrevocably consents and submits to the jurisdiction of the courts of the State of New York located in the City of New York, Borough of Manhattan, or of the United States of America for the Southern District of
New York, for the purpose of any suit, action or proceeding relating to this Agreement or the Facility. 
  

	23.3	Waiver of trial by jury 

THE SELLER AGENT, EACH SELLER AND THE PURCHASER HEREBY (A) IRREVOCABLY AND UNCONDITIONALLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY
TRIAL ON ANY CLAIM OR ACTION 

  
 22 

 
ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ANY RELATED AGREEMENTS, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OR ANY CLAIM, DEFENSE, RIGHT OF SET OFF OR OTHER ACTION
PERTAINING HERETO OR TO ANY OF THE FOREGOING; (B) RECOGNIZE AND AGREE THAT THE FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR THE PURCHASER TO ENTER INTO THIS AGREEMENT; AND (C) REPRESENT AND WARRANT THAT IT HAS REVIEWED THIS
WAIVER, HAS DETERMINED FOR ITSELF THE NECESSITY TO REVIEW THE SAME WITH ITS LEGAL COUNSEL, AND KNOWINGLY AND VOLUNTARILY WAIVES ALL RIGHTS TO A JURY TRIAL. 
  

	24	GENERAL 

  

	24.1	Set-off 

  

	 	(a)	With respect to the Seller Agent or any Seller, the Purchaser may (and is hereby authorized by the Seller Agent and each Seller to), at any time and without notice to
the Seller Agent or any Seller, combine and consolidate all or any accounts of the Seller Agent or a Seller with the Purchaser and any of its Affiliates and set off any monies which the Purchaser or any of its Affiliates may at any time hold for the
Seller Agent’s or a Seller’s account in or towards satisfaction of any of the related Seller Liabilities. The Purchaser shall not be obliged to exercise any of its rights under this section which shall be without prejudice to and in
addition to any right of set-off or other similar right to which the Purchaser may at any time be entitled. Where any amounts due by the Seller Agent or a Seller to the Purchaser or any of its Affiliates, including those prospectively and
contingently due, cannot immediately be ascertained, the Purchaser and its Affiliates may make a reasonable estimate thereof. For the avoidance of doubt, it is understood and agreed that the Purchaser’s rights contained in this clause
(a) shall not be used to reimburse the Purchaser for the amount of any Purchased Debt that is not paid as a result of the bankruptcy, insolvency or financial inability of the Debtor of such Debt to pay any amount owed by such Debtor in respect
of such Debt. 

  

	 	(b)	All payments made by the Seller Agent or any Seller under this Agreement shall be made free and clear of and without any deduction for or on account of any set-off or
counterclaim. 

  

	24.2	Certificates and determinations 

 Any demand, certificate or determination given by the Purchaser to the Seller Agent or any Seller in writing specifying any rate of commission or any amounts due and payable under or in connection with
any provision of the Receivables Documents to which each of them is a party shall (in the absence of manifest error, provided that such manifest error is notified in writing to that Purchaser) be conclusive and binding upon the Seller Agent or such
Seller, as applicable, and in any proceedings against such Seller shall be prima facie evidence of such rate of commission or amounts so due and payable. 
  

	24.3	Severability 

 If a term
of a Receivables Document is or becomes illegal, invalid or unenforceable in any jurisdiction in relation to any party to such Receivables Document, that will not affect: 

 

	 	(a)	in respect of such party the legality, validity or enforceability in that jurisdiction of any other term of the Receivables Documents; 

 

	 	(b)	in respect of any other party to such Receivables Document the legality, validity or enforceability in that jurisdiction of that or any other term of the Receivables
Documents; or 

  

	 	(c)	in respect of any party to such Receivables Document the legality, validity or enforceability in other jurisdictions of that or any other term of the Receivables
Documents. 

  

	24.4	Counterparts 

 Each
Receivables Document may be executed in any number of counterparts. This has the same effect as if the signatures on the counterparts were on a single copy of the Receivables Document. Delivery of an

  
 23 

 
executed counterpart of a signature page to any Receivables Document by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart such Receivables
Document. 
  

	24.5	Purchaser’s Account for Seller Remittances 

 All remittances required to be made by the Seller Agent or any Seller to the Purchaser under this Agreement shall be made by federal funds wire transfer to the following account of the Purchaser:

 [***] 

[***] 
 [***]

 ABA Routing #: [***] 
 Account #: [***] 
 Account Name: [***] 

Remittances shall include the applicable GECC WCS client number as a reference. 

 

	24.6	Entire Agreement 

 This
Agreement, together with all schedules, exhibits and annexes hereto, including any Joinder Agreements entered into pursuant to section 26 (all of which shall constitute an integral part of this Agreement), sets forth the entire understanding and
agreement between the parties as to the matters covered herein and supersedes and replaces any prior understanding, agreement or statement of intent, in each case, written or oral, of any and every nature with respect hereto. 

 

	25	SELLER AGENT 

 Each Seller
hereby appoints NBCUNIVERSAL Media, LLC to act as its agent hereunder in the capacity herein of “Seller Agent” and NBCUNIVERSAL Media, LLC hereby accepts such appointment. The Seller Agent hereby agrees to forward to each Seller, such
Seller’s applicable pro-rata share of any funds received by the Seller Agent on behalf of the Sellers and each Seller hereby agrees to pay to the Seller Agent is pro-rata share of any amounts payable by the Seller Agent hereunder on behalf of
the Sellers. For the avoidance of doubt, any amounts payable hereunder by the Seller Agent on behalf of any Seller or the Sellers shall be paid by the Seller Agent regardless of whether the Seller Agent has first received any or all of the
applicable Sellers’ pro-rata shares thereof. 
  

	26	JOINDER OF PARTIES 

  

	26.1	Upon the written consent of the Purchaser (in its sole discretion), Affiliates of the Seller Agent may become Sellers for all purposes hereunder by executing a joinder
agreement in the form attached as Exhibit D hereto (each, a “Joinder Agreement”) and a back-up certificate in the form attached as Exhibit E hereto. 

 

	26.2	Nothing in this Agreement shall cause, or be interpreted to cause, any Seller party to this Agreement to be jointly and severally liable to the Purchaser under, or with
respect to, any claims or causes of action related to this Agreement with respect to the duties, obligations, undertakings, indemnifications, representations, warranties or covenants of any other Seller. 

 

	27	NO INDIRECT OR CONSEQUENTIAL DAMAGES 

 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 MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER; PROVIDED, THAT DAMAGES CONTRACTUALLY PROVIDED FOR HEREIN SHALL NOT BE
DEEMED TO BE CONSEQUENTIAL OR INDIRECT. 

  
 24 

	28	EXTENSION OF EXPIRATION DATE 

 The Expiration Date may be extended for successive one (1) year periods (not to exceed two (2) such extensions after the initial Expiration Date) at the request of the Seller Agent on behalf of
the Sellers and with the written consent of the Purchaser. The Seller Agent may request the Purchaser to extend the Expiration Date by providing written notice to the Purchaser requesting such extension, which notice shall to the Purchaser delivered
not less than thirty (30) days prior to the then-existing Expiration Date. 
 [signatures appear on the following pages]

  
 25 

 THIS AGREEMENT has been entered into on the date stated at the beginning of this
Agreement. 
  

					
	PURCHASER:
	
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	/s/ Paul DeDomenico
			
		 	Name:	 	Paul DeDomenico
			
		 	Title:	 	Authorized Signatory

 [signatures continue on the following page] 

  
 26 

 
					
	SELLER:
	
	UNIVERSAL CITY STUDIOS PRODUCTIONS LLLP
		
	By:	 	/s/ W. Scott Seeley
			
		 	Name:	 	W. Scott Seeley
			
		 	Title:	 	Assistant Secretary

 

					
	SELLER AGENT:
	
	NBCUNIVERSAL MEDIA, LLC
		
	By:	 	/s/ Lynn Calpeter
			
		 	Name:	 	Lynn Calpeter
			
		 	Title:	 	Executive Vice President and Chief Financial Officer

 

					
		
	By:	 	/s/ Brian Doerger
			
		 	Name:	 	Brian Doerger
			
		 	Title:	 	Executive Vice President and Controller

  
 27 

 EXHIBIT A 
 DEFINITIONS AND CONSTRUCTION 
  

	1.1	As used herein, the following terms shall have the following meanings: 

 Accounting Records: in respect of (i) any Seller, all books, ledgers and records of any kind and in any medium relating to its business or financial position and to the Purchased Debts sold by
it pursuant to this Agreement and (ii) the Seller Agent, all books, ledgers and records of any kind and in any medium relating to its business or financial position and to all sales made by the Sellers pursuant to this Agreement. 

Additional Dilution Reserve: for each Purchased Debt, the product of (i) the Noticed Value thereof and (ii) (A) if a
Downgrade Event occurs, [***], or (B) prior to the occurrence of a Downgrade Event, [***]. 
 Adjustments: all
discounts, allowances, returns or rebates asserted by or on behalf of any Debtor with respect to any Debt. 
 Affiliate:
with respect to any person, a person which, directly or indirectly, controls or is controlled by or is under common control with such person. 
 Agreed Payment Terms: the terms of payment a Seller may make available to a Debtor in respect of Debts as set out in the Schedule 1. 

Applicable Jurisdiction: the applicable jurisdiction as stated in Receivables Schedule. 

Applicable LIBOR Term: for Eligible Debts with remaining terms of (a) three (3) months or less, three (3) months,
(b) more than three (3) months, but fewer than or equal to twelve (12) months, such remaining term (in months) or the closest period of time (in months) thereto and (c) greater than twelve (12) months, an interpolated rate
using twelve (12) month LIBOR and the U.S. dollar swap rate (versus three (3) month LIBOR). 
 Applicable
Margin: shall be as set forth on Schedule 5 for each Debtor and shall be adjusted in accordance with section 3.3. In determining this margin, the Purchaser has taken into account the possibility that the Purchaser may experience credit losses on
the Purchased Debts. 
 Applicable Rate: the percentage rate per annum equal to the sum of: 

 

	 	(a)	LIBOR; and 

  

	 	(b)	the Applicable Margin. 

 For
purposes of determining the Applicable Rate in connection with calculating any Discount, LIBOR shall be determined using the Applicable LIBOR Term. For purposes of determining the Applicable Rate for section 5.1 of the Agreement, LIBOR shall be
determined using an Applicable LIBOR Term of one (1) month. 
 Approved Currency: any currency specified as such in
the Receivables Schedule, or notified in writing by the Purchaser to a Seller, as being a currency in which Eligible Debts may be denominated. 
 Approved Debtor: any person or entity designated as such on Schedule 5 or otherwise designated as an Approved Debtor by the Purchaser, in its sole and absolute discretion, from time to time.

  
 28 

 Approved Territory: any territory specified as such in the Receivables Schedule, or
notified in writing by the Purchaser to a Seller, as an approved territory and in which Debtors may be situated or from which payments may originate, in each case in order for Debts to qualify as Eligible Debts. 

Associated Rights: in relation to any Debt, any of the following: 

 

	 	(a)	all of the applicable Seller’s rights that arise under the Contract of Sale or that are rights as an unpaid vendor; 

 

	 	(b)	all evidence of the Contract of Sale or its performance and evidence of any Disputes arising thereunder; 

 

	 	(c)	all documents of title to goods, warehouse keepers’ receipts, bills of lading, shipping documents, airway bills or similar; 

 

	 	(d)	the benefit of all insurances and all rights and powers under the insurance policies; 

 

	 	(e)	all Remittances, securities, Security Interests, Debtor Support Documents and guarantees; 

 

	 	(f)	all Accounting Records; and 

  

	 	(g)	all Returned Goods and their proceeds of sale. 

 Attributable Indebtedness: means, with respect to any Sale-Leaseback Transaction, the present value (discounted at the rate set forth or implicit in the terms of the lease included in such
Sale-Leaseback Transaction) of the total obligations of the lessee for rental payments (other than amounts required to be paid on account of taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items
that do not constitute payments for property rights) during the remaining term of the lease included in such Sale-Leaseback Transaction (including any period for which such lease has been extended). In the case of any lease that is terminable by the
lessee upon payment of a penalty, the Attributable Indebtedness shall be the lesser of the Attributable Indebtedness determined assuming termination on the first date such lease may be terminated (in which case the Attributable Indebtedness shall
also include the amount of the penalty, but no rent shall be considered as required to be paid under such lease subsequent to the first date on which it may be so terminated) or the Attributable Indebtedness determined assuming no such termination.

 Bankrupt Debt: means a Debt the Debtor of which is Insolvent. 

Bankruptcy Code: Title 11 of the United States Code, as amended. 

Business Day: a day (other than a Saturday or a Sunday) on which banks are open for general business in New York and London.

 Capital Lease Obligations: of any person means the obligations of such person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such person under GAAP, and the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 Code: means the
Internal Revenue Code of 1986, as amended from time to time. 
 Collateral: has the meaning described in section.

  
 29 

 Confidential Information: with respect to the Seller Agent or any Seller, any written
or oral information provided by or through the Seller Agent or such Seller, as applicable, in connection with the Facility relating to the business, finances, operations or affairs of the Seller Agent or such Seller, as applicable, other than any
such information (i) which was in the possession of the Purchaser or any business unit of the Purchaser’s Working Capital Solutions division prior to any disclosure by the Seller Agent or such Seller, as applicable, and was not otherwise
subject to a confidentiality agreement, (ii) which is publicly available, (iii) which becomes available to the Purchaser from sources not known by it to be subject to disclosure restrictions, or (iv) which is independently developed
by the Purchaser or its Representatives. 
 Contract of Sale: a contract in any form, including a purchase order or
invoice, between a Seller and a Debtor for the sale of Goods or the provision of services or work done. 
 Credit and
Collection Policy: means those receivables credit and collection policies and practices of each Seller and of the Seller Agent in effect on the date hereof and approved by the Purchaser, set forth on Schedule 6, as the same may be modified with
the consent of the Purchaser, which consent will not be unreasonably withheld, conditioned or delayed. 
 Days-To-Pay: for
any Debt, the number of days from (but excluding) the related Purchase Date for such Debt to (and including) the anticipated date of payment to the Purchaser of the full Noticed Value of such Debt, as determined by Purchaser from time to time and
noticed to the Seller, which determination shall be made on the basis of the historical payment data available to Purchaser with respect to the applicable Debtor and shall incorporate the customary settlement periods from receipt of payment from
such Debtor by the Seller to receipt of such payment by the Purchaser. For the avoidance of doubt, the Days-To-Pay for the first Offer Date for each Approved Debtor shall be set forth in Schedule 5. 

Debt: any obligation (present, future or contingent) of a Debtor to make payment under a Contract of Sale, including all Associated
Rights, to a Seller. 
 Debtor: a person, other than a governmental entity, instrumentality or agency, to whom a Seller
has sold goods or provided services in the ordinary course of business, or from whom an indebtedness is due and owing to a Seller under a contract of sale and who has outstanding liabilities or obligations to such Seller in respect of such goods
sold or services provided. 
 Debtor Notification: with respect to any Approved Debtor, notice to such Approved Debtor by
the related Seller and the Seller Agent, substantially in the form of Exhibit F thereto, (i) of the Purchaser’s ownership of the Purchased Debts under this Agreement and (ii) directing such Approved Debtor that all payments on any or
all Purchased Debts owed by such Approved Debtor be made directly to the Purchaser or its designee. 
 Debtor Purchase
Limit: in respect of any Approved Debtor, the amount specified in Schedule 5, which shall be adjusted in accordance with section 3.3. 
 Debtor Support Document: any letter of credit, guarantee, or third party commitment (whether conditional or unconditional) to pay all or part of a Purchased Debt. 

Deemed Remittances: on any day, any Repurchase Price due and owing to the Purchaser hereunder and any Dilution Adjustment Amount
due and owing to the Purchaser hereunder. 

  
 30 

 Delinquent Debt: means a Debt as to which any payment, or part thereof, remains
unpaid for more than thirty (30) days after the Due Date thereof. 
 Delivered: in relation to Goods: 

 

	 	(a)	their removal from a Seller’s control and from its premises, carriers and agents; and 

 

	 	(b)	their physical delivery in an Approved Territory to the Debtor or to its order; and 

 

	 	(c)	the assumption of risk therein by the Debtor; and 

  

	 	(d)	complete performance of the Contract of Sale, 

 and in relation to services, their complete performance, and Deliver and Delivery shall be construed accordingly. 
 Dilution: with respect to any Debt, any (a) Adjustment thereto or Dispute related thereto, with respect to which the related Debt remains unpaid in whole or in part for sixty (60) days
after its Due Date and (b) non-cash reduction made on such Debt, if such non-cash reduction is made on a date earlier than the date described in clause (a) of this definition; provided, however, that any non-cash adjustment made due to the
financial condition or Insolvency of the Debtor shall not constitute a Dilution. 
 Dilution Adjustment Amount: has the
meaning described in section 4.3. 
 Dilution Ratio: as of any date of determination, the percentage equivalent of a
fraction the numerator of which is equal to the aggregate dollar amount of all Dilutions (other than credits relating to warranties) relating to Debts arising from the TV Distribution Business Line that arose during the most recently ended twelve
(12) calendar months and the denominator of which is equal to the aggregate Noticed Value of all Debts arising from the TV Distribution Business Line that arose during such period. Any information required to calculate the Dilution Ratio that
is based on a period prior to the first Purchase Date shall be based on historical portfolio information with respect to the Debts arising from the TV Distribution Business Line as determined by the Purchaser. Each Seller agrees to provide the
Purchaser with such information as reasonably requested by the Purchaser. 
 Dilution Reserve: means the sum of
(i) the greater of (x) ten percent (10%) of the Noticed Value thereof and (y) the sum of (A) [***] times the Dilution Ratio as of the most recently then-ended calendar month and (B) [***] and (ii) the Additional
Dilution Reserve. 
 Dilution Reserve Reimbursement: with respect to any Purchased Debt as to which all Remittances have
been received, the excess, if any, of (i) the aggregate Remittances received in respect of such Purchased Debt over (ii) the sum of (A) the Funded Amount of such Purchased Debt and (B) the Discount for such Purchased Debt;
provided however, if such Purchased Debt is not paid by the applicable Debtor due to the Insolvency of such Debtor or the financial inability of such Debtor to make any payment in respect of such Purchased Debt or in any case where such
retention of any portion of the Dilution Reserve for such Purchased Debt would constitute recourse with respect to such uncollectible Purchased Debt, the Dilution Reserve Reimbursement shall be equal to the Dilution Reserve for such Purchased Debt.

 Discharge Date: the date, following the date on which all amounts due in respect of all Purchased Debts have been
received by the Purchaser or, if not received such failure to 

  
 31 

 
receive such amounts results from the related Debtor’s Insolvency or financial inability to make payment, on which the Parties are satisfied that all the obligations and liabilities of any
Seller to the Purchaser under or in connection with the Receivables Documents and the Facility offered under this Agreement has been cancelled. 
 Discount: for each Eligible Debt purchased by the Purchaser, the amount calculated pursuant to the following formula: 
 NV × (AR/360) × (Days-To-Pay), where: 
 “NV” is the Noticed
Value of the Debt; and 
 “AR” is the Applicable Rate. 

Dispute: with respect to any Debt or Contract of Sale giving rise thereto: (i) any claim or demand with regard to price,
terms, quantity, performance, quality or delivery of Goods or services; (ii) any other defense, set-off, retention, abatement, counter-claim or contra account raised or alleged by a Debtor or its representatives; and (iii) any other
dispute by a Debtor concerning its liability to pay such Debt (whether to a Seller or to the Purchaser) or to pay such Debt by its Due Date. For the avoidance of doubt, it is understood and agreed that Dispute excludes the effects on any Debt or
Contract of Sale or liability thereunder as a result of the bankruptcy, insolvency or financial inability of any Debtor to pay any amount owed by such Debtor in respect of such Debt. 

Downgrade Event: at any time, (i) the failure of the Seller Agent 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) the Seller Agent 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. 
 Due Date: with respect to any
Debt, the date established for payment by the related Debtor to a Seller under the related Contract of Sale. 
 Effective
Date: the date on which the conditions precedent set forth in Part I of Schedule 2 have been satisfied or waived by the Purchaser. 
 Electronic Data: all information provided via the internet or any other form of electronic communication pursuant to the Receivables Documents. 

Eligible Debt: any Debt that is not an Ineligible Debt. 
 ERISA: the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 

ERISA Affiliate: any trade or business (whether or not incorporated) that is treated as a single employer with a Seller under
Section 414 of the Code. 
 Expiration Date: the date that is the earlier of (i) one (1) year after the
Effective Date; subject to adjustment as provided in section 27 and (ii) a date that is at least sixty (60) days after written notice by the Seller Agent to the Purchaser of the occurrence of the Expiration Date, provided, however, that
the Expiration Date shall not occur under this clause (ii) until the Purchaser receives the fee required pursuant to section 5.3. 
 Facility: the receivables purchase facility provided in this Agreement. 

Field Examination Fee: the fee specified as such in the Receivables Schedule, or such other amount as may be specified from time to
time by the Purchaser. 

  
 32 

 Financial Institution: any bank, investment bank, trust company, credit union,
thrift, broker-dealer, investment, loan or finance company, insurance company or other depository institution of similar ilk. 

Funded Amount: for any Eligible Debt, an amount equal to the excess of the Purchase Price of such Eligible Debt over the
Dilution Reserve calculated for such Eligible Debt. 
 Funding Limit: as specified in the Receivables Schedule.

 GAAP: generally accepted accounting principles in the United States of America, as in effect from time to time, set
forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants, in the statements and pronouncements of the Financial Accounting Standards Board and in such other statements by
such other entity as may be in general use by significant segments of the accounting profession that are applicable to the circumstances as of the date of determinations. Subject to Section 1.2(e) of this Exhibit A, all references to GAAP shall
be to GAAP applied consistently with the principles used in the preparation of the financial statements described in section. 
 Goods: any merchandise or materials, or where the context admits, any work or services that are the subject of a Contract of Sale. 

Guarantee: of or by any person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation
of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for
the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof or (c) to maintain working capital, equity capital or any
other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation; provided, that the term “Guarantee” shall not include endorsements for
collection or deposit in the ordinary course of business. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made or, if not stated
or determinable, the maximum reasonably anticipated liability in respect thereof determined in good faith by the guarantor (assuming the guarantor is required to perform thereunder). 

Guarantor: NBCUniversal Media, LLC, and any successor thereto. 

Guaranty Obligation: as to any person, any (a) guaranty by such person of Indebtedness of any other Person or (b) legally
binding obligation of such person to purchase or pay (or to advance or supply funds for the purchase or payment of) Indebtedness of any other person, or to purchase property, securities, or services for the purpose of assuring the owner of such
Indebtedness of the payment of such Indebtedness or to maintain working capital, equity capital or other financial statement condition of such other person so as to enable such other person to pay such Indebtedness; provided, however, that the term
Guaranty Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guaranty Obligation shall be deemed to be an amount equal to the stated or determinable amount of the
related primary obligation, or 

  
 33 

 
portion thereof, covered by such Guaranty Obligation or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the person in good faith.

 Indebtedness: of any person means, without duplication, (a) all obligations of such person for borrowed money,
(b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person under conditional sale or other title retention agreements relating to property or assets purchased by such
person, (d) all obligations of such person issued or assumed as the deferred purchase price of property or services, (e) all Indebtedness of others secured by any Security Interest on property owned or acquired by such person, whether or
not the obligations secured thereby have been assumed, (f) all Guaranty Obligations of such person with respect to Indebtedness of others, (g) all capital lease obligations of such person, (h) all Attributable Indebtedness under
Sale-Leaseback Transactions under which such person is the lessee and (i) all obligations of such person as an account party in respect of outstanding letters of credit (whether or not drawn) and bankers’ acceptances; provided,
however, that Indebtedness shall not include (i) trade and other ordinary course payables and accrued expenses arising in the ordinary course of business, (ii) deferred compensation, pension and other post-employment benefit
liabilities and (iii) take-or-pay obligations arising in the ordinary course of business; provided, further, that in the case of any obligation of such Person which is recourse only to certain assets of such person, the amount of
such Indebtedness shall be deemed to be equal to the lesser of the amount of such Indebtedness or the value of the assets to which such obligation is recourse as reflected on the balance sheet of such person at the time of the incurrence of such
obligation; and provided, further, that the amount of any Indebtedness described in clause (e) above shall be the lesser of the amount of the Indebtedness or the fair market value of the property securing such Indebtedness.

 Ineligible Debt: any Debt that at the time of the proposed purchase thereof by the Purchaser is a Debt: 

 

	 	(a)	that is owing by a Debtor that is either (i) Insolvent or (ii) not an Approved Debtor; 

 

	 	(b)	that did not arise under the related Seller’s TV Distribution Business Line; 

 

	 	(c)	the invoice for which is addressed to a Debtor outside an Approved Territory and/or in respect of which payment is to originate from outside an Approved Territory;

  

	 	(d)	that is due by a Debtor, or arises in connection with a transaction, that the Purchaser determines does not comply with its know your customer requirements;

  

	 	(e)	that is due by an Affiliate of a Seller; 

  

	 	(f)	that is due by a Debtor that has not been approved in writing by the Purchaser; 

 

	 	(g)	that is due by a Debtor of which a Seller or any director, partner or shareholder of such Seller is a partner or in which such Seller or such director, partner or
shareholder has a controlling interest or otherwise maintains a relationship of dependence or interdependence, except as otherwise approved in writing by the Purchaser to such Seller as set forth in section 3; 

 

	 	(h)	that arises from Goods supplied by a Seller on approval, trial, evaluation, consignment, sale or return or similar terms; 

  
 34 

	 	(i)	that arises from the sale of capital or fixed assets of a Seller; 

  

	 	(j)	that relates to an obligation to pay royalty; 

  

	 	(k)	that is the subject of a Dispute; 

  

	 	(l)	that is a Past Due Debt; 

  

	 	(m)	that is due by a Debtor which has not purchased the Goods for its business; 

 

	 	(n)	that is subject to a prohibition on assignment or transfer or equivalent provision pursuant to the relevant Contract of Sale or any applicable law;

  

	 	(o)	the failure of the Parent Company (as set forth in Schedule 5 hereto) of the Debtor thereof to own directly or indirectly more than fifty and one-tenth of one percent
(50.1%) of either (a) the then outstanding equity interests of such Debtor or (b) the combined voting rights of the then outstanding voting securities of such Debtor; 

 

	 	(p)	which arose from a supply of Goods or services made after the first date on which a Responsible Officer of the applicable Seller had knowledge that the affected Debtor
was Insolvent; 

  

	 	(q)	that is owing by any Debtor in excess of the Debtor’s Debtor Purchase Limit; 

 

	 	(r)	that is a Debt owing by any Debtor for which the Seller Agent has not provided a Debtor File in accordance with section 3.1; 	 

  

	 	(s)	that is a Debt for the payment of a finance or similar charge; 

  

	 	(t)	that arises from progress billings; 

  

	 	(u)	the payment term of which exceed the Agreed Payment Terms; or 

  

	 	(v)	that is denominated or payable in any currency other than the Approved Currency. 

 Insolvency: in respect of a Seller or any Debtor: 
  

	 	(a)	A case or proceeding is commenced against any such party seeking a decree or order in respect of such party (i) under the Bankruptcy Code, as now constituted or
hereafter amended or any other applicable federal, state or foreign bankruptcy or other similar law, (ii) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for any such party or for any
substantial part of any such party’s assets, or (iii) ordering the winding-up, liquidation or reorganization of the affairs of any such party, and such case or proceeding shall remain undismissed or unstayed for thirty (30) days or
more or a decree or order granting the relief sought in such case or proceeding is granted by a court of competent jurisdiction; or 

  

	 	(b)	 Any such party (i) commences any case or proceeding or files a petition seeking relief under the Bankruptcy Code, or any other applicable federal,
state or foreign bankruptcy or other similar law, (ii) consents to or fails to contest in a timely and appropriate manner the institution of proceedings thereunder or the filing of any such petition or the appointment of or taking possession by
a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for any such party or for any substantial part of any such party’s assets, (iii) makes an assignment for the benefit of creditors,
(iv) consents to, or takes any action in furtherance of, or indicates its consent to, approval of or 

  
 35 

	 	 
acquiescence in, any of the foregoing, (v) admits in writing its inability to, or is generally unable to, pay its debts as such debts become due, (vi) suspends making payments on any of
its debts or announces an intention to do so or (vii) takes any step with a view to a moratorium or a composition, assignment or similar arrangement with any of its creditors. 

and Insolvent shall be construed accordingly. 
 Investor: any Financial Institution or other person other than the Purchaser. 
 Joinder Agreement: has the meaning described in section 25.1. 
 Judgment
Amount: the amount specified as such on the Receivables Schedule. 
 LIBOR: means the per annum rate determined by the
Purchaser with respect to each Purchase Date to be the London Interbank Offered Rate for the Applicable LIBOR Term, that appears on Bloomberg Screen BBAM1 (or, if unavailable, the Reuters Screen LIBOR01) as of approximately 11:00 a.m. London time
two (2) Business Days prior to the Purchase Date; provided that (i) if more than one such rate appears at such time on the applicable screen, the applicable rate shall be the arithmetic mean of all such rates, and
(ii) in the event that LIBOR is not available on either the Bloomberg Screen BBAM1 or the Reuters Screen LIBOR01 at such time, the parties shall in good faith determine a reasonably comparable index or source to use as LIBOR. 

Material Adverse Effect: means a material adverse effect on (a) the ability of any Seller or the Seller Agent to perform any
of its obligations under the Receivables Documents to which it is a party in accordance with the terms thereof, (b) the validity or enforceability of any Subject Document or the rights and remedies of the Purchaser under any Subject Document or
(c) the ownership interests or Security Interests of the Purchaser with respect to the Purchased Debts or the priority of such interests or Security Interests (in any case, to the extent required hereunder). 

Material Agreement: with respect to the Seller Agent or any Seller, any loan, finance, sale, purchase or other similar agreement
under which one hundred million dollars ($100,000,000) or more of loans or commitments to purchase or sell assets may be or become outstanding at any time. 
 Month-End Outstanding Balances: for any month, the sum of (a) the Outstanding Balance of all Debts previously sold by the applicable Seller to the Purchaser hereunder as of the last day of the
preceding month plus (b) the Outstanding Balance of Debts sold by such Seller to the Purchaser hereunder during such month minus (c) the aggregate amount of Remittances that are applied during such month to reduce the
Outstanding Balance of Debts previously sold by such Seller to the Purchaser minus (d) the aggregate amount of Dilutions during such month that reduced the Outstanding Balance of all Debts previously sold by such Seller to the Purchaser.

 Moody’s: Moody’s Investors Service, Inc., and any successor thereto. 

Notice of Assignment: a Seller’s notice (which may be delivered by the Seller Agent on behalf of a Seller) to the Purchaser,
in the form agreed to by such Seller and the Purchaser, of all Eligible Debts and credit memos or other Adjustments which have come into existence but which have not previously been included in a Notice of Assignment submitted to the Purchaser by,
or on behalf of, such Seller, together with such evidence (if any) of the performance of the Contract of Sale related to any Eligible Debts or reasons for a credit memo or Adjustment as the Purchaser may reasonably specify. 

  
 36 

 Noticed Value: for any Eligible Debt, the amount of the Eligible Debt as shown in a
Notice of Assignment. 
 Offer Date: the date the first Notice of Assignment is delivered to the Purchaser under this
Agreement and thereafter, for any Seller, each monthly date or quarterly date, as specified for such Seller in Schedule 4 or in such Seller’s Joinder Agreement, occurring during the term of this Agreement. 

Original Financial Statements: the financial statements of NBC Universal, Inc. and its subsidiaries for its fiscal year ending
December 31, 2009 and for the six (6) month period ending June 30, 2010. 
 Outstanding: in relation to a
Debt, that such Debt is undischarged by the Debtor or any third party. 
 Outstanding Balance: of any Debt at any time
means the unpaid balance of such Debt at such time. 
 Party: a party to this Agreement. 

Past Due Debt: a Debt in respect of which any amount remains Outstanding at the end of the Past Due Period. 

Past Due Period: the period specified as such in the Receivables Schedule. 

Performance Guaranty: the Performance Guaranty, dated as of February 1, 2011, by the Guarantor in favor of the Purchaser.

 Potential Termination Event: an event or circumstance which would be (with the expiry of a grace period or the giving
of notice) a Termination Event. 
 Purchase Confirmation: has the meaning described in section 1.6. 

Purchase Date: any Business Day on which the Purchaser delivers a Purchase Confirmation in accordance with section 1.6. 

Purchase Price: in respect of an Eligible Debt, an amount equal to the excess of (a) the Noticed Value of such Debt
over (b) the Discount calculated for such Debt. 
 Purchase Price Credit: the amount of any Deemed Remittances
or other amounts owing from a Seller to the Purchaser under this Agreement that are either (i) not paid, including any amounts representing any Dilution Adjustment Amount or Repurchase Price, which, at the sole discretion of the Purchaser is to
be applied as a Purchase Price Credit or (ii) amounts that the Purchaser has elected may be received by the Purchaser as a Purchase Price Credit pursuant to the provisions of section 4. 

Purchase Price Notification: on each Purchase Date, the calculation of the aggregate of the Purchase Prices owing on such Purchase
Date in a form satisfactory to the Purchaser, together with the amount equal to the aggregate of the related Funded Amounts, less any Purchase Price Credits then due from a Seller, plus any Dilution Reserve Reimbursement then due to the Purchaser
pursuant to section 4.3, duly completed by the Purchaser and delivered by the Purchaser to a Seller on such Purchase Date. 

Purchased Debt: any Debt accepted and purchased by the Purchaser in accordance with section. Error! Reference source not
found. 
 Purchaser: the entity specified as Purchaser in the Parties section. 

  
 37 

 Purchaser Action Event: shall occur on the earliest to occur of: (i) [***]
Business Days after delivery of notice by the Purchaser under section 6.1(b) terminating the Seller Agent in its role as collection agent, (ii) [***] Business Days after delivery of any Debtor Notification, and (iii) the occurrence of any
Termination Event. 
 Rating Event: with respect to any Approved Debtor or its Parent Company (as set forth in Schedule
5), any reduction in such Approved Debtor’s (or Parent Company’s) long-term unsecured debt rating by either S&P or Moody’s, or suspension or termination by either S&P or Moody’s of any such long-term debt rating.

 Receivables Documents: 
  

	 	(a)	this Agreement, together with any Joinder Agreements; 

  

	 	(b)	the Performance Guaranty; 

  

	 	(c)	all Notices of Assignment, confirmations, notices and certificates delivered or made by a Seller, or the Seller Agent on behalf of a Seller, under or in respect of any
of the above; and 

  

	 	(d)	any other document (other than a Contract of Sale or directly related document) designated as such by a Seller and the Purchaser, as such document may be amended from
time to time. 

 Receivables Schedule: the schedule of details of the Facility as set out on. Error!
Reference source not found. 
 Related Security: with respect to any Debt, the following: (i) all Security Interests
and property subject thereto from time to time purporting to secure payment of such Debt, whether pursuant to the contract related to such Debt or otherwise, including all rights of stoppage in transit, replevin, reclamation, supporting obligations
and letter of credit rights (as such terms are defined in the UCC), and all claims of lien filed or held by or on behalf of a Seller on personal property; (ii) all rights to any goods whose sale gave rise to such Debt, including returned or
repossessed goods; (iii) all instruments, documents, chattel paper and general intangibles (each as defined in the UCC) arising from, related to or evidencing such Debt; (iv) all UCC financing statements covering any collateral securing
payment of such Debt; (v) all guaranties and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Debt whether pursuant to the contract related to such Debt or otherwise; (vi) all
records of any nature evidencing or related to such Debt, including contracts, invoices, charge slips, credit memoranda, notes and other instruments and other documents, books, records and other information (including, without limitation, computer
data); and (vii) all proceeds and amounts received or receivable arising from any of the foregoing. 
 Remittances:
cash, checks, bills of exchange, negotiable and non negotiable instruments, letters of credit, any form of electronic or on-line payments and any other remittance or instrument of payment in whatever form received by the Purchaser or a Seller
towards discharge of a Purchased Debt, including, without limitation, with respect to Purchased Debts, Deemed Remittances. 

Remittance Date: the third Business Day prior to the end of each calendar month; provided, however, that if a Downgrade
Event occurs, then each Business Day shall be a Remittance Date. 

  
 38 

 Repeating Representations: at any time the representations and warranties which are
then made or deemed to be repeated under section Error! Reference source not found. 
 Reporting
Date: the fifteenth (15th) day of each month (or
if such day is not a Business Day, on the first Business Day immediately following such date). 
 Repurchase Price: has
the meaning described in section 4.2. 
 Responsible Officer: for any person, such person’s controller, treasurer or
chief financial officer, senior director commercial finance, senior vice president for corporate and transactions law or any person performing duties similar to those of any of the of the foregoing, regardless of such person’s title.

 Returned Goods: any Goods relating to or purporting to comply with a Contract of Sale which any Debtor shall for any
reason reject or return or attempt to reject or return to a Seller or the Purchaser or which a Seller or the Purchaser recovers from a Debtor. 
 Sale-Leaseback Transaction: any arrangement whereby a person shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and
thereafter rent or lease property that it intends to use for substantially the same purpose or purposes as the property sold or transferred. 
 S&P: Standard & Poor’s Rating Services, a division of The McGraw Hill Companies, Inc., and any successor thereto. 

Securitization Facility: the receivables securitization facility evidenced by that certain Master Indenture, dated as of
February 1, 2011, by and between NBCU Master Accounts Receivable Funding Master Note Trust and Deutsche Bank Trust Company Americas, as Trustee, the Series 2011-1 Series Supplement thereto and the “Related Documents” as such term is
defined in such Master Indenture. 
 Securitization Facility Sub-Servicer Trigger Event: any “Sub-Servicer Trigger
Event” (as defined in the Securitization Facility documents) that occurs pursuant to clauses (a), (b) or (c) of that defined term. 
 Security Interest: any mortgage, pledge, lien, assignment, set-off or trust arrangement for the purpose of creating security, reservation of title or any other agreement or arrangement having a
substantially similar effect. 
 Seller: an entity specified as a Seller in the Parties section hereof or pursuant
to a Joinder Agreement. 
 Seller Agent: the person appointed as the agent for the Sellers under section 25. 

Seller Liabilities: with respect to a Seller, monies now or hereafter payable by such Seller to the Purchaser hereunder.

 Software: any computer software provided by the Purchaser to enable a Seller to provide Electronic Data. 

Spot Rate of Exchange: the spot rate of exchange for the purchase of the relevant currency in the London foreign exchange market
with the Approved Currency at or about 11:00 AM on a particular day, as determined by the Purchaser. 
 Subject Document:

  

	 	(a)	this Agreement, together with any Joinder Agreements; 

  
 39 

	 	(b)	the Performance Guaranty; 

  

	 	(c)	all Notices of Assignment and Purchase Confirmations; and 

  

	 	(d)	any other document (other than a Contract of Sale or directly related document) designated as such by a Seller and the Purchaser, as such document may be amended from
time to time. 

 Subsidiary: any of: 

 

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than fifty percent (50%) of the voting capital or similar right of
ownership and control for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; and 

 

	 	(b)	an entity treated as a subsidiary in the financial statements of any person pursuant to GAAP. 

Supplier: any supplier of goods or materials to a Seller. 
 Tax: any tax, levy, impost, duty or other charge or withholding of a similar nature (including any related penalty or interest). 

Tax Deduction: a deduction or withholding for or on account of tax from a payment under any Receivables Document. 

Termination Date: the date that is the earliest to occur of: 

 

	 	(a)	the date following the occurrence of a Termination Event that the Purchaser declares to be the Termination Date; and 

 

	 	(b)	the Expiration Date. 

Termination Event: an event specified as such in section Error! Reference source not found. (Termination Events). 

TV Distribution Business Line: a Seller’s line of business consisting of licensing television programming (including motion
pictures) for broadcast over cable, satellite, public airways and otherwise. 
 UCC: 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. 
 Unrecovered
Investment: on any date of determination, an amount equal to the aggregate of the Purchase Prices paid to all Sellers with respect to all Eligible Debts that are Outstanding on such date of determination. 

 

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	a document being in the agreed form means that such document is in a form agreed in writing by or on behalf of each Seller and the Purchaser;

  

	 	(ii)	an amendment includes an amendment, supplement or restatement and amend will be construed accordingly; 

  
 40 

	 	(iii)	assets includes businesses, undertakings, securities, properties, revenues or rights of every description and whether present or future, actual or contingent;

  

	 	(iv)	an authorization includes an authorization, consent, approval, resolution, permit, license, exemption, filing, registration or notarization;

  

	 	(v)	disposal means a sale, transfer, assignment, grant, lease, license or other disposal, whether voluntary or involuntary and whether pursuant to a single
transaction or a series of transactions, and dispose will be construed accordingly; 

  

	 	(vi)	guarantee means any guarantee, bond, letter of credit, indemnity or similar assurance against financial loss, or any obligation, direct or indirect, actual or
contingent, to purchase or assume any indebtedness of any person or to make an investment in or loan to any person or to purchase assets of any person, where, in each case, that obligation is assumed in order to maintain or assist the ability of
that person to meet all or any of its indebtedness; 

  

	 	(vii)	incorporation includes the formation or establishment of a partnership or any other person and incorporate will be construed accordingly;

  

	 	(viii)	indebtedness includes any obligation (whether incurred as principal or as surety and whether present or future, actual or contingent) for the payment or
repayment of money; 

  

	 	(ix)	jurisdiction of incorporation includes any jurisdiction under the laws of which a person is incorporated; 

 

	 	(x)	know your customer requirements are the checks that the Purchaser requests in order to meet its obligations under applicable laws to identify a person who is (or
is to become a customer), including without limitation anti-money laundering regulations, laws relating to trade controls, laws relating to specially designated nationals and blocked persons, and limitations or prohibitions under regulations of the
Office of Foreign Assets Control of the United States Department of the Treasury; 

  

	 	(xi)	a person includes any individual, company, corporation, unincorporated association or body (including a partnership, trust, fund, joint venture or consortium),
government, state, agency, organization or other entity whether or not having separate legal personality; 

  

	 	(xii)	a regulation includes any regulation, rule, order, official directive, request or guideline (in each case, whether or not having the force of law but, if not
having the force of law, being of a type with which any person to which it applies is accustomed to comply) of any governmental, intergovernmental or supranational body, agency, department or regulatory, self-regulatory or other authority or
organization; 

  
 41 

	 	(xiii)	a currency is a reference to the lawful currency for the time being of the relevant country; 

 

	 	(xiv)	a Potential Termination Event or a Termination Event being outstanding means that it has not been remedied or expressly waived in writing;

  

	 	(xv)	a provision of law is a reference to that provision as extended, applied, amended or re-enacted and includes any subordinate legislation; 

 

	 	(xvi)	a Party or any other person includes its successors in title, permitted assigns and permitted transferees; 

 

	 	(xvii)	words imparting the singular include the plural and vice versa; 

  

	 	(xviii)	a Receivables Document includes (without prejudice to any prohibition on amendments) all amendments (however fundamental) to that Receivables Document or other
document, including any amendment providing for any increase (however great) in the amount of a facility or any additional facility (however great); 

  

	 	(xix)	best knowledge, when modifying a representation, warranty, Termination Event or covenant or other statement of any Person, means that the fact or situation
described therein is known by such person (or, in the case of a person other than a natural person, known by any officer of such person) making the representation, warranty or other statement, or, if such person had exercised ordinary care in
performing his or its required duties, would have been known by such person (or, in the case of a person other than a natural person, would have been known by an officer of such person); and 

 

	 	(xx)	a time of day is a reference to time in the place where the Purchaser is domiciled. 

 

	 	(b)	Unless the contrary intention appears, a reference to a month or months is a reference to a period starting on one day in a calendar month and ending on
the numerically corresponding day in the next calendar month or the calendar month in which it is to end, except that: 

  

	 	(i)	if the numerically corresponding day is not a Business Day, the period will end on the next Business Day in that month (if there is one) or the preceding Business Day
(if there is not); 

  

	 	(ii)	if there is no numerically corresponding day in that month, that period will end on the last Business Day in that month; and 

 

	 	(iii)	notwithstanding subparagraph (i) above, a period which commences on the last Business Day of a month will end on the last Business Day in the next month or the
calendar month in which it is to end, as appropriate. 

  

	 	(c)	Unless the contrary intention appears: 

  

	 	(i)	a reference to a Party will not include that party if it has ceased to be a party under this Agreement; 

 

	 	(ii)	 a word or expression used in any other Receivables Document or in any notice given in connection with any Receivables Document has the

  
 42 

	 	 
same meaning in that Receivables Document or notice as in this Agreement; 

  

	 	(iii)	if there is an inconsistency between this Agreement and another Receivables Document, this Agreement will prevail. 

 

	 	(d)	The index to and headings in this Agreement do not affect its interpretation. 

 (e) All accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in accordance with GAAP. 

  
 43 

 EXHIBIT B 
 REPRESENTATIONS AND WARRANTIES 
 PART I: 

 

	(a)	(valid Existence; power of authority) it (A) is a corporation or limited liability company duly organized, validly existing and in good standing under the
laws of its jurisdiction of incorporation or organization; (B) 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, delivery and carry out the terms hereof; (C) 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 Material Adverse Effect; and (D) has all requisite corporate or limited liability company power and authority
to execute, deliver and perform its obligations under this Agreement and the Receivables Documents to which it is a party; 

  

	(b)	(UCC information) its true legal name as registered in the jurisdiction of its incorporation or organization, and the current location of its jurisdiction of
incorporation or organization and the address of its chief executive office are set forth in Schedule 4, as amended from time to time in accordance with section 21.2(c). In addition, Schedule 4 lists its (A) federal employer identification
number and (B) organizational identification number as designated by the jurisdiction of its incorporation or organization; 

  

	(c)	(authorization of transaction; no violation) the execution, delivery and performance of this Agreement and the other Receivables Documents to which it is a party
and, solely with respect to the Sellers, the creation and perfection of all Security Interests and ownership interests provided for herein: (i) are within its powers, (ii) have been duly authorized by all necessary corporate or limited
liability company action on its part, (iii) do not violate any provision of any law or regulation of any Governmental Authority, or contractual organizational restrictions, binding on it, except where such violations, individually or in
the aggregate, would not reasonably be expected to have a Material Adverse Effect, (iv) 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, (v) do not contravene or constitute a default under (A) its certificate of incorporation or formation or its bylaws or operating agreement, (B) any law or
regulation 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 have a Material Adverse Effect), and (vi) would not result in any liability on the part of the Purchaser to any third
party or require the creation of any Security Interest over any asset of it, except as contemplated by this Agreement and the Receivables Documents; 

  

	(d)	(enforceability) this Agreement and each of the Receivables Documents to which it is a party have been duly authorized, executed and delivered by it and each
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; this Agreement creates the Security Interests in the Collateral that the Agreement purports to
create and such Security Interests are valid and effective; and under the law of its jurisdiction of incorporation or organization, it is not necessary that any of the Receivables Documents be filed, recorded or enrolled with any court or other
authority in that jurisdiction or that any stamp, registration, or similar Tax be paid on or in relation to the Receivables Documents or the transactions contemplated by the Receivables Documents; 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit B: Page 1	  	

	(e)	(accuracy of certain information) all written factual information heretofore furnished by it to or at its direction for purposes of or in connection with this
Agreement with respect to the Purchased Debts (including the related Associated Rights and Related Security) or its financial condition or any transaction contemplated hereby 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. The representation and warranty set forth in the immediately preceding sentence shall also be deemed to be made after the Effective Date with respect
to any additional information on the date such information is delivered. 

  

	(f)	(no Termination Event) 

  

	 	(i)	no Termination Event has occurred and is outstanding or is reasonably likely to result from the entry into, the performance of, or any transaction contemplated by, any
Receivables Document; and 

  

	 	(ii)	no other event or circumstance is outstanding which constitutes (or with the expiry of a grace period, the giving of notice, the making of any determination or the
satisfaction of any other applicable condition will constitute) a default or termination event (however described), or an event resulting in an obligation to create security, under any document which is binding on it or any of its assets to an
extent or in a manner which has a Material Adverse Effect; 

  

	(g)	(financial statements) 

  

	 	(i)	as of the Effective Date, any financial statements delivered by it: 

  

	 	(A)	have been prepared in accordance with GAAP consistently applied; and 

  

	 	(B)	fairly present the consolidated financial condition and results of its operations and the operations of its consolidated Subsidiaries as at the dates thereof and for
the periods then ended. 

  

	 	(ii)	Since the date of the Original Financial Statements there has been no change in its assets or consolidated financial condition that would cause a Material Adverse
Effect; 

  

	(h)	(use of proceeds) no proceeds it received under this Agreement will be used by it for any purpose that violates Regulation U of the Federal Reserve Board;

  

	(i)	(insolvency) it has taken no action and no steps have been taken or legal proceedings started (or to the best of its knowledge and belief) threatened against it
for its winding up, dissolution or re-organization or for the appointment of a receiver, administrator, administrative receiver, trustee or similar officer of it or any or all of its assets and it is not Insolvent or subject to any Insolvency;

  

	(j)	(documents) 

  

	 	(i)	as of the Effective Date, the documents delivered to the Purchaser by it or on its behalf pursuant to section 2.1 (Initial conditions precedent) are genuine (or, in the
case of copy documents, are true, complete and accurate copies of originals which are genuine), are up-to-date and in full force and effect (or if a copy, the original is up-to-date and in full force and effect) and have not been amended; and

  

	 	(ii)	as at the date of their delivery, the documents delivered to the Purchaser under this Agreement by it or on its behalf after the Effective Date are genuine (or, in the
case of copy documents, are true, complete and accurate copies of originals which are genuine), are up-to-date and in full force and effect (or, if a copy, the original is up-to-date and in full force and effect) and have not been amended;

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit B: Page 2	  	

	(k)	(perfection) all financing statements and other documents required to be recorded or filed in order to perfect the interest of the Purchaser in the Purchased
Debts (including the related Associated Rights and Related Security) against all creditors of and purchasers from it have been duly filed in each filing office necessary for such purpose and all filing fees and taxes, if any, payable in connection
with such filings have been paid in full and its name, jurisdiction of incorporation or formation, entity type and formation number (if any) set forth in Schedule 4 are each true and correct; 

 

	(l)	(actions; suits) there is no Litigation pending, or to its best knowledge, threatened, against or affecting it or any of its Affiliates or their respective
properties, in or before any Governmental Authority or arbitrator, which are reasonably likely to be determined adversely and if so determined would, individually or in the aggregate, have a Material Adverse Effect; 

 

	(m)	(tax status; sale treatment) it has (i) filed all material tax returns (federal, state and local) required to be filed and paid or made adequate provision
for the payment of all material Taxes, assessments and other governmental charges, except such Taxes, assessments and other governmental charges, if any, as are being contested in good faith by appropriate proceedings and as to which adequate
reserves have been established and maintained in accordance with GAAP, and, except for the failure to file tax returns and/or pay Taxes which failures do not, in the aggregate, have a Material Adverse Effect and (ii) accounted for each sale of
Purchased Debts hereunder, in its books and financial statements as sales, consistent with GAAP; 

  

	(n)	(ERISA) (i) except as would not reasonably be expected to have a Material Adverse Effect, to its best knowledge, no steps have been taken by any person to
terminate any pension plan the assets of which are not sufficient to satisfy all of its benefit liabilities (as determined under Title IV of ERISA) and (ii) no contribution failure has occurred with respect to any pension plan sufficient to
give rise to a lien under Section 302(f) of ERISA; 

  

	(o)	(know your customer undertakings) it has taken commercially reasonable action to comply in all material respects with the undertakings set forth in section 9.3;

  

	(p)	(assets) immediately prior to the sale of any item of any Debt to the Purchaser, it is the sole legal and beneficial owner of such Debt;

  

	(q)	(Security Interests) no Security Interest exists over the whole or any part of the Collateral except for those permitted under paragraph (o) of Part I of
Exhibit C (no sales; liens); 

  

	(r)	(notification procedures) it has in place procedures that are reasonably designed to assure that each Responsible Officer receives full and prompt notice of each
matter for which notice to a Responsible Officer may, under this Agreement, be a prerequisite to the occurrence of any event; 

  

	(s)	(true sale) immediately upon the transfer to the Purchaser of a Purchased Debt, the Purchaser shall acquire a valid and enforceable perfected first priority
ownership interest in such Purchased Debt, such transfer was not made for or on account of an antecedent debt owed by it to the Purchaser, such transfer is not voidable under any section of the Bankruptcy Code and it was solvent before and after
giving effect to such transfer; 

  

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

  

	(u)	(Securitization Facility event) no Termination of Sale Notice Date (as defined in the Securitization Facility documents) has been declared under the
Securitization Facility due to the occurrence of a Securitization Facility Sub-Servicer Trigger Event. 

 PART II:

  

	(a)	all the information contained in the applicable Notice of Assignment is correct and complete and the related Debt has not been previously submitted to the Purchaser on
a Notice of Assignment; 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit B: Page 3	  	

	(b)	the Debt relates to (i) an actual and bona fide sale and Delivery of Goods to the Debtor or services completely performed for the Debtor and is evidenced by an
invoice or (ii) a payment due by a Debtor to such Seller arising in the ordinary course of business under a Contract of Sale between the Debtor and such Seller and is evidenced by an invoice; 

 

	(c)	the terms of payment of the Debt do not exceed the Agreed Payment Terms; 

  

	(d)	payment of the Debt in full is legally enforceable against the Debtor to whom the invoice is addressed in an Approved Territory, subject to any bankruptcy, insolvency,
reorganization and other similar laws of general applicability relating to or affecting creditor’s rights generally and to general principles of equity regardless of whether enforcement is sought in a court of equity or law;

  

	(e)	such Seller has the absolute right to transfer the Debt to the Purchaser and without the consent or notification of any person and free from any Security Interest or
other third party rights adversely affecting the Debt or the Goods; 

  

	(f)	the Debtor has an established place of business in an Approved Territory; 

  

	(g)	neither such Seller’s transfer of ownership of the Debt to the Purchaser nor the transfer to the Purchaser of information about any related Debtor violate any
applicable laws or agreement; 

  

	(h)	the Noticed Value of the Debt is the amount due in respect of that Debt under the Contract of Sale; 

 

	(i)	(except in relation to credit memos validly raised by such Seller) all sums due from or obligations owed by such Seller to the Debtor have been paid or performed and
such Seller does not have any other obligations towards the Debtor which, in either case, would give the Debtor the right to reduce the amount payable for the Debt; 

 

	(j)	no right or claim (whether valid or alleged) exists which will reduce or extinguish the Noticed Value of the Debt or affect the recoverability of the Debt;

  

	(k)	the correct name and address of the Debtor and any required purchase order number appear on each invoice or credit memo, on any documents evidencing the Debt and on the
Notice of Assignment; 

  

	(l)	each invoice or credit memo identifies the currency for payment as an Approved Currency; 

 

	(m)	the Debt is an Eligible Debt; and 

  

	(n)	such Debt is an “account” as defined in the applicable UCC. 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit B: Page 4	  	

 EXHIBIT C 
 COVENANTS 
 PART I: 

 

	(a)	(conduct of business; ownership) it shall, and shall cause each of its subsidiaries to, carry on and conduct its business in substantially the same manner and in
substantially the same fields of enterprise as it is presently conducted and in fields of enterprise reasonably related thereto or which represent reasonable extensions thereof, and, except where the failure to do so would not have a Material
Adverse Effect, do all things necessary to remain duly incorporated or organized, validly existing and in good standing as a domestic corporation or limited liability company in its jurisdiction of formation and maintain all requisite authority to
conduct its business in each jurisdiction in which its business is conducted; 

  

	(b)	(authorization) to promptly obtain, maintain and comply with: 

  

	 	(i)	the terms of any authorization required to enable it to perform its obligations under, or for the validity or enforceability of, any Receivables Document and the
transactions contemplated by it to the extent that failure to do so could reasonably be expected to have a Material Adverse Effect; and 

  

	 	(ii)	the terms of any authorization required to enable it to carry on its business in the ordinary course to the extent that failure to do so has a Material Adverse Effect;

  

	(c)	(compliance with laws and material contracts); it shall comply with the terms of each Receivables Document to which it is a party and with all federal, state and
local laws and regulations applicable to the transactions contemplated by this Agreement and the Purchased Debts, except to the extent that the failure to so comply, individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect; 

  

	(d)	(Taxes) it shall pay all Taxes due and payable (or, where payments of Tax must be made by reference to estimated amounts, such estimated Tax (calculated in good
faith) as due and payable for the relevant period) by it prior to the accrual of any fine or penalty for late payment, unless (and only to the extent that) payment of those Taxes is being contested in good faith and adequate reserves are being
maintained for those Taxes and the costs required to contest them; and, except for Taxes where the failure to pay those Taxes does not have a Material Adverse Effect; 

 

	(e)	(know your customer requirements) it shall comply with the provisions of Schedule 7 hereto; 

 

	(f)	(Termination Event; Potential Termination Event) 

  

	 	(i)	to notify the Purchaser of any Termination Event or Potential Termination Event (and the steps, if any, being or proposed to be taken to remedy it) promptly upon
becoming aware of its occurrence; and 

  

	 	(ii)	promptly on request by the Purchaser, it will confirm to the Purchaser whether a Termination Event or Potential Termination Event is outstanding and, if a Termination
Event or a Potential Termination Event is outstanding, it will specify the Termination Event or Potential Termination Event and the steps, if any, being or proposed to be taken to remedy it; 

 

	(g)	(maintenance of files; inspections) it shall maintain and implement administrative and operating procedures (including the ability to recreate records evidencing
the Purchased Debts, the Associated Right and the Related Security 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 Purchased Debts, the Associated Right and the Related Security. Such documents, books and computer records shall reflect all 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 1	  	

	 	 
facts giving rise to the Purchased Debts, the Associated Right and the Related Security, all Remittances 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 Purchased Debts, the Associated Right and the Related Security. 

 Subject to any applicable confidentiality or similar agreement, at any reasonable time, upon at least two Business Days’ prior notice to it will permit representatives or agents of the Purchaser or
any of the Purchaser’s 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 such Seller or the Seller Agent, as applicable, utilized in connection with the collection, processing or servicing of the Purchased Assets, the Associated Rights and the Related Security, and to discuss matters
relating to the Purchased Debts, the Associated Rights and the Related Security or such Seller’s or the Seller Agent’s, as applicable, performance and activities under or in connection with this Agreement with any officer, employee or
internal accountants of such Seller or Seller Agent, as applicable, having knowledge of such matters and (B) inspect and examine the Accounting Records and make copies of and abstracts from such Accounting Records relating to the Purchased
Debts, the Associated Rights and the Related Security and otherwise inspect such Seller’s or the Seller Agent’s, as applicable, information technology systems or other data or computer systems. 

Subject any applicable confidentiality or similar agreement, at any reasonable time, upon at least two Business Days’ prior notice to
such Seller or the Seller Agent, as applicable, such Seller or the Seller Agent, as applicable, will permit representatives or agents of the Purchaser or any of the Purchaser’s Affiliates (including any third party auditors) during normal
business hours to conduct audits related to the foregoing matters listed in the second paragraph of this clause (g). 
 Each
Seller and the Seller Agent 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 such Seller or the Seller Agent, as
applicable, as such affairs relate to the applicable Purchased Debts, the Associated Rights and the Related Security. 
 Any such
(A) inspection with respect to a Seller or the Seller Agent described in the second paragraph of this clause (g) shall be conducted no more than once per calendar quarter, (B) audit with respect to a Seller or the Seller Agent described
above shall be conducted no more than once per 12-month period and (C) visit with respect to a Seller or the Seller Agent described above shall be conducted at any time at the Purchaser’s reasonable request and, in each case, shall be
conducted in accordance with such Seller’s or the Seller Agent’s, as applicable, 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 the Purchaser may perform after the occurrence of a Termination Event. The Purchaser shall bear its own expense (but not any expense of any Seller or the Seller Agent) in respect of each inspection and visit
pursuant to this section and such Seller and the Seller Agent shall each bear all expenses of each audit pursuant to this clause (g) (including the reasonable costs and expenses of the Purchaser) up to a maximum of $50,000. 

 

	(h)	 (records; electronic data) it shall at its own cost and expense, for not less than three years from the date on which each Purchased Debt was
originated, or for such longer period as may be required by law, maintain adequate Accounting Records with respect to such Purchased Debt, including records of all payments received, credits granted and merchandise returned with respect thereto. It
shall give the Purchaser prompt notice of any material change in its administrative and operating procedures with respect to the keeping of such Accounting Records. It shall (i) provide all electronic data in accordance with its ordinary
business practices or as otherwise required in connection with this Agreement; (ii) make suitable contingency arrangements to cover information technology system, communication or operating failures that would prevent or adversely affect its
ability to provide electronic data to the Purchaser in 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 2	  	

	 	 
accordance with such Seller’s or the Seller Agent’s, as applicable, ordinary business practices or as otherwise required in connection with this Agreement; (iii) ensure that all
electronic data provided by it with respect to the Purchased Debts, Associated Rights and Related Security is materially correct, complete, duly authorized and not misleading in any material respect; and (iv) notify the Purchaser promptly if it
learns or suspects that there has occurred any failure or delay in accessing any electronic data, any error in or affecting the provision of any electronic data or any programming error or defect that may have caused corruption of any electronic
data which could have a Material Adverse Effect, and to co-operate with the Purchaser in trying to remedy the same. 

  

	(i)	(delivery of certain information) (i) promptly upon request therefor (and in any event within two (2) Business Days following any such request), it
shall deliver to (or at the direction of) the Purchaser 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 the Purchaser, it shall
deliver and turn over to (or at the direction of) the Purchaser all of such Seller’s or Seller Agent’s, as applicable, books and records pertaining to the Purchased Debts, the Associated Rights and the Related Security or the servicing
thereof, including Accounting Records. 

  

	(j)	(access rights) 

  

	 	(i)	at any time on or after the earliest to occur of: (1) delivery of notice by the Purchaser under section 6.1(b) terminating the Seller Agent in its role as
collection agent, (2) delivery of any Debtor Notification, and (3) the occurrence of any Termination Event, the Purchaser may request, and the Seller Agent shall promptly upon any such request therefor (and in any event within two
(2) Business Days following such request), deliver to (or at the direction of) the Purchaser records reflecting activity through the close of business on the Business Day immediately preceding the date of such notice or event;

  

	 	(ii)	at any time on or after the earliest to occur of: (1) delivery of notice by the Purchaser under section 6.1(b) terminating the Seller Agent in its role as
collection agent, (2) delivery of any Debtor Notification, and (3) the occurrence of any Termination Event, the Purchaser may request, and the Seller Agent shall, as soon as practicable following any such request (and in any event within
five (5) Business Days following such request): 

  

	 	(A)	deliver and turn over to (or at the direction of) the Purchaser all of the books and records pertaining to the Purchased Debts, the Associated Rights and the Related
Security or the servicing (including the allocation of collections of Purchased Debts) thereof, including Accounting Records (or copies thereof); 

  

	 	(B)	provide the Purchaser electronic data extracts in respect of the Purchased Debts, the Associated Rights and the Related Security, which extracts shall include, without
limitation, customer specific information, invoices and asset records, in a form satisfactory to the Purchaser (including the format of all such information) (a “Data Feed”) for the 6-month period immediately preceding the date of
the occurrence of such Purchaser Action Event; and 

  

	 	(C)	cooperate with the Purchaser in order to implement and complete data testing with respect to the Data Feed delivered pursuant to clause (j)(ii)(C) above to verify that
the form and format of such Data Feed may be successfully integrated into the Purchaser’s or the administration and collection systems of any person appointed as collection agent or sub-servicer; and 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 3	  	

	 	(iii)	for 150 days following any termination of the Seller Agent as collection agent hereunder: 

 

	 	(A)	allow the Purchaser or its designees to be present at its premises where such books, records and such Accounting Records are maintained, and have access to the
equipment and software thereon and to any personnel of such Seller or the Seller Agent, as applicable that the Purchaser or any of its designees may wish to employ to administer, service and collect the Purchased Debts, the Associated Rights and the
Related Security; 

  

	 	(B)	act (if the Purchaser or any of its designees so requests) as the data-processing agent of the Purchaser for the Purchased Debts, the Associated Rights and the Related
Security and, in such capacity, such Seller or the Seller Agent, as applicable, shall conduct the data-processing functions of the administration of the Purchased Debts, the Associated Rights and the Related Security thereon in substantially the
same way that such person conducted such data-processing functions with respect to the Purchased Debts, the Associated Rights and the Related Security; 

  

	 	(C)	on each Reporting Date during such 150-day period (or on a daily basis if requested by the Purchaser), provide to the Purchaser a Data Feed in respect of the related
prior calendar month; and 

  

	 	(D)	furnish to the Purchaser all documents, books, computer records and other information, reasonably necessary or advisable for the collection of, or the allocation of
Remittances with respect to, all the Purchased Debts, the Associated Rights and the Related Security by the Purchaser or any designee of the Purchaser. 

  

	(k)	(Debtor Notifications) promptly upon any change of any Debtor information included in any Debtor Notification executed by a Seller, such Seller shall execute and
deliver to the Purchaser an updated Debtor Notification including such revised Debtor information. 

  

	(l)	(data protection) it will comply all applicable laws relating to data protection; 

 

	(m)	(name, entity type and jurisdiction of formation) it will not change its name, entity type or jurisdiction of formation or make any other change such that any
UCC financing statement filed to perfect the Purchaser’s interests under this Agreement would become seriously misleading without providing the Purchaser with at least thirty (30) days prior written notice and will take all actions
necessary or desirable to maintain the perfection and priority of the Purchaser’s interest in each Purchased Debt; 

  

	(n)	(further assurances) 

  

	 	(i)	 it shall, at its sole cost and expense, upon request of the Purchaser, promptly and duly authorize, execute and/or deliver, as applicable, any and all
further instruments and documents and take such further actions that the Purchaser may reasonably request to obtain, hold, administer and enforce the interests in the Purchased Debts, the Associated Rights and the Related Security herein granted,
including authorizing and filing any financing or continuation statements under the UCC with respect to the ownership interests or Security Interests granted hereunder. Each Seller hereby authorizes the Purchaser to file any such financing or
continuation statements without the signature of such Seller to the extent permitted by applicable law. A carbon, photographic or other reproduction of this Agreement or of any notice or financing statement covering the Purchased Debts, the
Associated Rights and the Related Security or any part thereof shall be sufficient as a notice or financing statement where 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 4	  	

	 	 
permitted by law. If any amount payable under or in connection with any of the Purchased Debts, the Associated Rights and the Related Security is or shall become evidenced by any instrument, such
instrument, other than checks and notes received in the ordinary course of business, shall be duly endorsed in a manner satisfactory to the Purchaser immediately upon Seller’s receipt thereof and promptly delivered to or at the direction of the
Purchaser; and 

  

	 	(ii)	If a Seller fails to perform any agreement or obligation under this clause (n), the Purchaser may (but shall not be required to) itself perform, or cause performance
of, such agreement or obligation, and the reasonable expenses of the Purchaser incurred in connection therewith shall be payable by such Seller upon demand of the Purchaser; 

 

	(o)	(no sales, liens, etc.) except as otherwise provided in section 1.10, it shall not sell, assign or otherwise dispose of, or create, incur, assume or permit to
exist any Security Interest on or with respect to any of the Collateral or any account to which any Remittances are sent, or otherwise assign any right to receive income in respect thereof; 

 

	(p)	(notice of material events) it shall promptly inform the Purchaser in writing of the occurrence of any of the following of which it has knowledge, in each case
setting forth the details therefor and what action, if any, it proposes to take with respect thereto: 

  

	 	(i)	any Litigation commenced against it or with respect to or in connection with all or any substantial portion of the Purchased Debts or developments in such Litigation,
in each case, that it believes has a reasonable risk of being determined adversely and, if adversely determined, having a Material Adverse Effect; 

  

	 	(ii)	the commencement of a proceeding against it seeking a decree or order in respect of it (A) under 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, (B) appointing a custodian,
receiver, liquidator, assignee, trustee or sequestrator (or similar official) for it or for any substantial part of its assets, or (C) ordering the winding-up or liquidation of its affairs; or 

 

	 	(iii)	any breach by it of any representation, warranty or covenant made by it under this Agreement; 

 

	(q)	(notice of liens) it shall notify the Purchaser promptly after a Responsible Officer shall become aware of any Security Interest on any Purchased Debt, other
than the Security Interest granted to the Purchaser hereunder; 

  

	(r)	(changes regarding certain business practices) it will not, as a result of the ability of any Seller to sell Debts hereunder, alter its business practices
regarding establishing or modifying the credit terms of Debts in respect of any Approved Debtor without the prior approval of the Purchaser; 

  

	(s)	(accuracy of information) all written factual information furnished hereafter by it to the Purchaser for purposes of or in connection with this Agreement with
respect to the Purchased Debts, the Associated Rights, the Related Security 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; 

  

	(t)	(amendments to documents) it will not amend or waive any term of any of the Receivables Documents, Contracts of Sale or any of the other documents delivered
pursuant to section 2.1 to which it is a party, in any manner other than as provided in section 6.2(d) without the prior written consent of the Purchaser except for any such amendments or waivers that are not adverse to the Purchaser;

  

	(u)	(information from Debtors) at the reasonable request of the Purchaser, the Seller Agent shall promptly request from the applicable Approved Debtor any notices,
documents, reports, correspondence, communications and other information which pertain to either the terms or the collectability of any related Purchased Debts; 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 5	  	

	(v)	(contracts and credit and collection policies) it shall comply with and perform its obligations under the Contracts of Sale with respect to any Purchased Debts
and the Credit and Collection Policies except it shall not constitute a breach under this clause (y) insofar as any such failure to comply or perform would not adversely affect the rights of the Purchaser in any material respect. For the
avoidance of doubt, the provisions of this covenant shall not supersede any limitation set forth in the Agreement, including without limitation, section 6.2; 

 

	(w)	(unrelated amounts) if it determines that amounts which are not property of the Purchaser (the “Unrelated Amounts”) have been remitted to
the Purchaser, then it shall promptly (and in any event on or prior to the Remittance Date immediately following the Remittance Date on which it believes an Unrelated Amount was remitted to the Purchaser) provide reasonably detailed written evidence
thereof to the Purchaser. Upon receipt of any such notice, the Purchaser shall disgorge such Unrelated Amounts if it has possession of such Unrelated Amounts and shall promptly request the Investors to disgorge such amount is the Investors are in
possession of such Unrelated Amounts, and the same shall not be treated as Remittances; 

  

	(x)	(application of payments) it shall use commercially reasonable efforts to promptly (i) apply all payments received by any Debtor to the related Purchased
Debts and (ii) identify all unidentified payments and apply all unapplied payments, in each case, in respect of the related Purchased Debts, as applicable; 

 

	(y)	(no change in business or credit and collection policy) it 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 Purchased Debt or otherwise have, individually or in the aggregate, a 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; 

 

	(z)	(sale characterization) for accounting purposes, it shall not account for the transactions contemplated by this Agreement in any manner other than, with respect
to the sale of each of the Purchased Debts as a true sale of its full right, title and ownership interest in the related Purchased Debts to the Purchaser. It shall also maintain its records and books of account in a manner which clearly reflects
such sale or contribution of the Purchased Debts to the Purchaser; and 

  

	(aa)	(notification procedures) it will maintain procedures that are reasonably designed to assure that each Responsible Officer receives timely notice of each matter
for which notice to a Responsible Officer may, under this Agreement, be a prerequisite to the occurrence of any event. 

PART II: 
  

	(a)	(Associated Rights and Debtor Support Documents) to take all actions reasonably necessary to preserve all rights and recourse under any Associated Rights and
Related Security, including without limitation, to comply with the terms of any Debtor Support Document and take all steps reasonably necessary to ensure that the obligor or surety under such document or commitment is not relieved of its obligation
(in whole or in part) to pay, and to not take any action that will adversely affect any amounts payable or recoverable under any Associated Right and any Related Security; 

 

	(b)	(acknowledgment of agencies) to ensure that any debt collection or credit management agency used by it will acknowledge, in a form acceptable to the Purchaser,
the Purchaser’s ownership of such Debts; and 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 6	  	

	(c)	(details on invoices) to ensure that its company details (including any registration number, tax registration number) and its credit terms appear on all
invoices. 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit C: Page 7	  	

 EXHIBIT D 
 FORM OF JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT is executed and delivered by
[            ], a [            ] (“New Seller”) in favor of General Electric Capital
Corporation, a Delaware corporation, as purchaser (“Purchaser”), with respect to that certain NBCUNIVERSAL Division Receivables Purchase Agreement, dated as of February 1, 2011, by and among the various Sellers from time
to time party thereto (the “Sellers”), the Seller Agent and Purchaser (as amended, restated, supplemented, joined, restated and/or otherwise modified from time to time, the “Agreement”). Capitalized
terms used and not otherwise defined are used with the meanings attributed thereto in the Agreement. 
 Subject to receipt of counterparts
hereof signed by the signatories below, by its signature below, New Seller hereby absolutely and unconditionally agrees to become a party to the Agreement as a Seller thereunder and to be bound by the provisions thereof. 

The provisions of Sections 17 and 21-26 of the Agreement are incorporated in this Joinder Agreement by this reference with the same force and effect as
if set forth in full herein except that references in such Sections 17 and 21-26 to “this Agreement” shall be deemed to refer to “this Joinder Agreement and to the Agreement as modified by this Joinder Agreement.” 

Certain notice information for the New Seller is set forth below: 
 Seller Information: 
 [Legal Name] 
 Jurisdiction of Organization: [            ] 
 Federal Employer ID No.: [            ] 
 Organizational ID No.: [            ] 
 Executive office address: [            ] 
 Principal place of business address: [            ] 
 Telephone: [            ] 

Fax: [            ] 
 Email: [            ] 
 For the
purpose of the first sale of Eligible Debt under the Agreement, the initial Days-To-Pay shall be [    ]. The New Seller’s Offer Date shall be on the [    ] day of each calendar
[month/quarter]. 
 Please acknowledge your consent to Seller’s joinder to the Agreement by signing the enclosed copy hereof in the
appropriate space provided below. 
 [Signature pages follow.] 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit D: Page 1	  	

 IN WITNESS WHEREOF, Seller has executed this Joinder Agreement as of the
         day of                     , 20    . 

 

					
	[NEW SELLER]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

[signatures continue on the following page] 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit D: Page 2	  	

					
	The undersigned hereby consents to New Seller’s joinder to the Agreement.
	
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit D: Page 3	  	

 EXHIBIT E 
 FORM OF OFFICER’S CERTIFICATE FOR ADDITIONAL SELLERS 
 CERTIFICATE
OF [ASSISTANT] SECRETARY 
 The undersigned, being the [Assistant] Secretary of [SELLER], a [State of
organization] [entity type] (“Company”), hereby delivers this Certificate to induce GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“GECC”), to consummate certain financial
accommodations with Company, pursuant to the terms of that certain Receivables Purchase Agreement, dated as of February 1, 2011, among Company, the other sellers from time to time party thereto, NBCUniversal Media, LLC, as agent for the sellers
thereunder and GECC (the “Purchase Agreement”). Capitalized terms used herein without definition shall have the meanings given thereto in the Purchase Agreement. 

The undersigned hereby certifies to GECC that: 
 1. Attached hereto as Exhibit A is a true, correct and complete copy of the [Articles of Incorporation] [Certificate of [Formation][Organization]] of Company and all amendments thereto, as filed with and
certified no more than twenty (20) days prior to the date hereof by the Secretary of State of [State of organization] (the “Formation Document”). Such Formation Document has not been rescinded, modified, revoked
or amended, and no amendments thereto have been authorized other than as reflected therein. 
 2. Attached hereto as Exhibit B
is a true, correct and complete copy of the [Bylaws] [[Operating][Limited Liability Company] Agreement] of Company and all amendments thereto, as presently in effect on the date hereof (the “Governing Document”). Such
Governing Document has not been rescinded, modified, revoked or amended, and no amendments thereto have been authorized other than as reflected therein. 
 3. Attached hereto as Exhibit C is a true, correct and complete copy of the [resolutions adopted by unanimous written consent of the board of directors] [written consent of the [member(s)] [managing
member(s)]] of Company, authorizing the execution, delivery and performance of the Purchase Agreement and the consummation of the transactions contemplated thereby, which are in full force and effect and have been duly ratified and affirmed by the
[board of directors] [members] [managing member(s)] of Company in the form set forth therein. 
 4. Attached hereto as Exhibit D
is a certificate of existence or good standing (or equivalent certifications) for [Seller], issued and certified no more than twenty (20) days prior to the date hereof by the Secretary of State of [State of organization].

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 1	  	

 5. The following named persons are officers of Company, duly elected or appointed, qualified
and acting as such and the signatures set opposite their names are their genuine signatures and may be accepted as such by GECC pursuant to the above-referenced resolutions: 

 

							
	  
	 	,	 	  
	  	  

		 		 		  	(Signature)        
				
	  
	 	,	 	  
	  	  

		 		 		  	(Signature)        
				
	  
	 	,	 	  
	  	  

		 		 		  	(Signature)        

 [certifications appear on the following page] 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 2	  	

 IN WITNESS WHEREOF, I have hereunto set my hand this
         day of                     , 20    . 

 

			
	  

	Name:	 	  

	Title:	 	[Assistant] Secretary

 I, [Certificant Name], [Certificant Title] of Company, do hereby certify that
[Secretary/Assistant Secretary Name] is the duly elected or appointed, qualified and acting [Assistant] Secretary of Company, and the signature set forth above is [his] [her] genuine signature. 

 

			
	  

	Name:	 	  

	Title:	 	  

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 3	  	

 EXHIBIT A 
 TO 
 CERTIFICATE OF [ASSISTANT] SECRETARY 

Formation Document 
 See [        ] ([    ]) pages attached. 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 4	  	

 EXHIBIT B 
 TO 
 CERTIFICATE OF [ASSISTANT] SECRETARY 

Governing Document 
 See [        ] ([    ]) pages attached. 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 5	  	

 EXHIBIT C 
 TO 
 CERTIFICATE OF [ASSISTANT] SECRETARY 

[Resolutions] [Written Consent] 
 See [        ] ([    ]) pages attached. 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 6	  	

 EXHIBIT D 
 TO 
 CERTIFICATE OF [ASSISTANT] SECRETARY 

Certificate of Existence or Good Standing 
 See [        ] ([    ]) pages attached. 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit E: Page 7	  	

 EXHIBIT F 
 FORM OF DEBTOR NOTIFICATION 
 [Seller Letterhead] 

[Debtor Name] 
 [Debtor Street
Address] 
 [Debtor City, State and ZIP] 
 Attention: [Debtor Contact] 
  

	 	RE:	Notice of Sale of Receivables 

 Dear [Debtor
Contact]: 
 This letter shall serve as written notice to you that we have sold those receivables listed on Schedule A attached hereto owing
to us by you to 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,
	
	[SELLER]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 Acknowledged by: 
  

			
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit F: Page 1	  	

 SCHEDULE A 
 LIST OF SOLD RECEIVABLES 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit F: Page 2	  	

 SCHEDULE B 
 ACCOUNT DETAILS 
  

			
	Bank:	  	 [***]

	Location:	  	 [***]

		  	 [***]

	ABA Routing No.:	  	 [***]

	Account Name:	  	 [***]

	Account No.:	  	 [***]

	Reference:	  	 [***]

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit F: Page 3	  	

 EXHIBIT G 
 FORM OF POWER OF ATTORNEY 
 This Power of Attorney is executed and delivered by
[Seller] (“Seller”), to General Electric Capital Corporation (hereinafter referred to as “Attorney”), as Purchaser under that certain Receivables Purchase Agreement, dated as of the date hereof
(the “Agreement”), among Seller, the other sellers from time to time party thereto (collectively, the “Sellers”), Attorney and [NBCUNIVERSAL Media, LLC], as agent for the Sellers. Capitalized terms
used but not defined herein shall have the definitions ascribed to them in the Agreement. 
 No person to whom this Power of Attorney is
presented, as authority for Attorney to take any action or actions contemplated hereby, shall inquire into or seek confirmation from Seller as to the authority of Attorney to take any action described below, or as to the existence of or fulfillment
of any condition to this Power of Attorney, which is intended to grant to Attorney unconditionally the authority to take and perform the actions contemplated herein, and Seller irrevocably waives any right to commence any suit or action, in law or
equity, against any person or entity which acts in reliance upon or acknowledges the authority granted under this Power of Attorney. The power of attorney granted hereby is coupled with an interest, and may not be revoked or canceled by Seller
without Attorney’s written consent upon payment in full of all obligations due to Attorney under the Receivables Documents. 

a. obtain payment of the Purchased Debts sold by such Seller; 
 b. complete, deal with, negotiate or endorse Remittances of all Purchased Debts sold by such Seller; 
 c. institute, conduct, compromise or defend any legal proceedings relating to the Purchased Debts sold by such Seller; 
 d. settle any indebtedness to the Purchaser or to Debtors relating to each Purchased Debt, sold by such Seller; and 
 e. perform such other lawful acts as the Purchaser in its absolute discretion may consider reasonably necessary or expedient in connection with the foregoing. 

This power of attorney, being coupled with an interest, is irrevocable and shall not expire until all monies and obligations due to the Purchaser under
all of the Receivables Documents have been paid and discharged and the applicable Seller is under no further obligation to the Purchaser under any of the Receivables Documents. 
 TO INDUCE ANY THIRD PARTY TO ACT HEREUNDER, SELLER HEREBY AGREES THAT ANY THIRD PARTY RECEIVING A DULY EXECUTED COPY OR FACSIMILE OF THIS INSTRUMENT MAY ACT HEREUNDER, AND THAT REVOCATION OR TERMINATION
HEREOF SHALL BE INEFFECTIVE AS TO SUCH THIRD PARTY UNLESS AND UNTIL ACTUAL NOTICE OR KNOWLEDGE OF SUCH REVOCATION OR TERMINATION SHALL HAVE BEEN RECEIVED BY SUCH THIRD PARTY, AND SELLER ON ITS OWN BEHALF AND ON BEHALF OF SELLER’S ASSIGNS,
HEREBY AGREES TO INDEMNIFY AND HOLD HARMLESS ANY SUCH THIRD PARTY FROM AND AGAINST ANY AND ALL CLAIMS THAT MAY ARISE AGAINST SUCH THIRD PARTY BY REASON OF SUCH THIRD PARTY HAVING RELIED ON THE PROVISIONS OF THIS INSTRUMENT. 

[signature and acknowledgement appear on the following page] 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit G: Page 1	  	

 IN WITNESS WHEREOF, Seller has on this          day of
                    , 2011, caused this Power of Attorney to be duly executed and delivered by authority duly given. 

 

					
	[SELLER]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

ACKNOWLEDGEMENT 
 STATE
OF NEW YORK 
 COUNTY OF
                                        

 I,
                                        ,
Notary Public for said County and State, certify that
                                        
personally came before me this day and acknowledged that he is
                                        
of
                                        ,
a
                                        ,
and that by authority duly given and as the act of such entity the foregoing instrument was signed in its name. 
 Witness my hand and official
seal, this          day of                     , 2011. 

 

			
	My Commission Expires:
                                         
   	  	  

		  	Notary Public

 [NOTARY SEAL] 

  

					
	NBCU Receivables Purchase Agreement	  	Exhibit G: Page 2	  	

 SCHEDULE 1 
 RECEIVABLES SCHEDULE 
  

							
	Agreed Payment Terms	 	:	  	Up to three hundred sixty-five (365) days
			
	Applicable Jurisdiction	 	:	  	United States
			
	Approved Currency	 	:	  	US Dollars
			
	Approved Territory	 	:	  	United States
				
	Executive offices	 	:	  	Jurisdiction of Organization:	  	As set forth for each Seller on Schedule 4
				
		 		  	Federal Employer ID number:	  	As set forth for each Seller on Schedule 4
				
		 		  	Organizational ID number:	  	As set forth for each Seller on Schedule 4
				
		 		  	Executive Office:	  	As set forth for each Seller on Schedule 4
				
		 		  	Principal place of business:	  	As set forth for each Seller on Schedule 4
			
	Field Examination Fee	 	:	  	$900 per person per day or the then-prevailing rate
			
	Funding Limit	 	:	  	$150 million
			
	Past Due Period	 	:	  	Zero (0) days

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 1: Page 1	  	

 SCHEDULE 2 
 CONDITIONS PRECEDENT 
 Part I: 

 

	(a)	The Purchaser shall have received the following documents, each to be in form and substance satisfactory to the Purchaser: 

 

	 	(i)	This Agreement, duly executed by each Seller and the Seller Agent; 

  

	 	(ii)	The Performance Guaranty, duly executed by the Guarantor; 

  

	 	(iii)	A certificate of the secretary or assistant secretary of such Seller certifying (x) that attached thereto is a true and correct copy of such Seller’s
formation documents, certified by the secretary of state or other appropriate official of the state of such Seller’s organization no more than twenty (20) days prior to the date of this Agreement, and such Seller’s by-laws, operating
agreement or similar agreement as in effect on the date of such certification, (y) that attached thereto is a true and complete copy of the resolutions adopted by the Board of Directors of such Seller authorizing the execution, delivery and
performance of the Receivables Documents to which such Seller proposes to become a party, and (z) as to incumbency and genuineness of the signature of each officer of such Seller executing the Receivables Documents to which such Seller proposes
to become a party; 

  

	 	(iv)	A certificate of the secretary or assistant secretary of the Seller Agent certifying (x) that attached thereto is a true and correct copy of its formation
documents, certified by the secretary of state or other appropriate official of its state of organization no more than twenty (20) days prior to the date of this Agreement, and its by-laws, operating agreement or similar agreement as in effect
on the date of such certification, (y) that attached thereto is a true and complete copy of the resolutions adopted by its Board of Directors authorizing the execution, delivery and performance of the Receivables Documents to which it proposes
to become a party, and (z) as to incumbency and genuineness of the signature of each of its officers executing the Receivables Documents to which it proposes to become a party; 

 

	 	(v)	A certificate of the secretary or assistant secretary of the Guarantor certifying (x) that attached thereto is a true and correct copy of its formation documents,
certified by the secretary of state or other appropriate official of the state of its organization no more than twenty (20) days prior to the date of this Agreement, and its by-laws, operating agreement or similar agreement as in effect on the
date of such certification, (y) that attached thereto is a true and complete copy of the resolutions adopted by its Board of Directors authorizing the execution, delivery and performance of the Performance Guaranty, and (z) as to
incumbency and genuineness of the signature of each of its officers executing the Performance Guaranty; 

  

	 	(vi)	Certificates of existence or good standing (or equivalent certifications) from each Seller’s jurisdiction of formation and the jurisdiction in which such
Seller’s chief executive office is located, in each case, certified no more than twenty (20) days prior to the date of this Agreement; 

  

	 	(vii)	A certificate of existence or good standing (or equivalent certifications) from the Seller Agent’s jurisdiction of formation and the jurisdiction in which its
chief executive office is located, in each case, certified no more than twenty (20) days prior to the date of this Agreement; 

  

	 	(viii)	A certificate of existence or good standing (or equivalent certifications) from the Guarantor’s jurisdiction of formation and the jurisdiction in which its chief
executive office is located, in each case, certified no more than twenty (20) days prior to the date of this Agreement; 

  

	 	(ix)	 Search reports provided in writing to the Purchaser (1) listing all effective financing statements that name each Seller (including any
tradenames) as debtor and that are filed in the jurisdictions in which filings were made pursuant to subsection (vi) below and in such other jurisdictions that 

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 2: Page 1	  	

	 	 
the Purchaser shall reasonably request, together with copies of such financing statements (none of which (other than any of the financing statements described in subsection (vi) below) shall
cover any Debt, Associated Rights or any Related Security, and (2) listing all tax liens and judgment liens (if any) filed against any Seller in such jurisdictions as the Purchaser may require and showing no such Security Interests;

  

	 	(x)	UCC Financing Statements naming the Purchaser as secured party/purchaser and each Seller as debtor/seller and describing the Collateral, filed in the state of each
Seller’s formation; 

  

	 	(xi)	Evidence satisfactory to the Purchaser of the release of any Security Interest over or in respect of the Collateral; 

 

	 	(xii)	The favorable written opinion of counsel to each Seller as to the transactions contemplated by the Receivables Documents to which such Seller is a party, including
without limitation as to perfection of the security interest created under the Agreement and the characterization of the transfers under applicable bankruptcy law; 

 

	 	(xiii)	The favorable written opinion of counsel to the Seller Agent as to the transactions contemplated by the Receivables Documents to which the Seller Agent is a party;

  

	 	(xiv)	The favorable written opinion of counsel to the Guarantor as to the transactions contemplated by the Performance Guaranty; 

 

	 	(xv)	The Original Financial Statements; 

  

	 	(xvi)	Each Seller’s and the Seller Agent’s Debtor master file containing the names of all Debtors obligated on Eligible Debts on the Effective Date and the detailed
contact information for such Debtors; 

  

	 	(xvii)	A copy of the Credit and Collection Policy; 

  

	 	(xviii)	Such other documents, instruments and agreements as Purchaser shall reasonably request in connection with the matters described in this Part I of Schedule 2;

  

	 	(xix)	Original executed copies of Debtor Notifications for each Approved Debtor, executed by the applicable Seller; and 

 

	 	(xx)	Original executed powers of attorney, in the form of Exhibit G, executed by each Seller and the Seller Agent. 

 

	(b)	The review and satisfaction by the Purchaser with the major contracts between each Seller and its Debtors; and 

 

	(c)	UCC Financing Statements naming the Purchaser as secured party/purchaser and the Seller of any Eligible Debt sold on such Purchase Date, as debtor/seller describing the
related Associated Rights and the Related Security, filed in the state of such Seller’s formation. 

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 2: Page 2	  	

 Part II: 
  

	(a)	The Repeating Representations are correct in all respects; 

  

	(b)	the Termination Date has not occurred and no Potential Termination Event or Termination Event is outstanding or would result from the payment of any Purchase Price; and

  

	(c)	the proposed date for the making of the payment is a Business Day during the term of this Agreement. 

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 2: Page 3	  	

 SCHEDULE 3 
 COMPLIANCE CERTIFICATE 
 [Use applicable Seller’s letterhead with this
form] 
 [Date] 
 General Electric
Capital Corporation 
 401 Merritt 7 

Norwalk, Connecticut 06851 
 To: Managing
Director - Working Capital Solutions - The Americas 
 This is to certify that in accordance with Section 10.3 of the Receivables Purchase
Agreement, dated February 1, 2011, among us, the other Sellers from time to time party thereto and General Electric Capital Corporation (the “Agreement”; capitalized terms are used herein as defined in the Agreement) that the attached
financial statements have been prepared in accordance with GAAP consistently applied, except as noted therein, and fairly represent our consolidated financial condition as at the date thereof and for the period then-ended. In addition there are no
Termination Events or Potential Termination Events continuing as of such date [if there are exceptions, list them and describe actions being undertaken by Seller in respect thereto]. 

 

					
	Very truly yours,
	
	[SELLER]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 3	  	

 SCHEDULE 4 
 SELLERS 
 UNIVERSAL CITY STUDIOS PRODUCTIONS LLLP 

 

					
	Administrative Information:	  	Jurisdiction of Organization:	  	Delaware
			
		  	Federal Employer ID No.:	  	74-3041723
			
		  	Organizational ID No.:	  	3478994
			
		  	Executive Office:	  	 100 Universal City Plaza

Universal City, California 91608

			
		  	Principal Place of Business/	  	
		  	Address for Notices:	  	100 Universal City Plaza
		  		  	Universal City, California 91608
		  		  	Attention: Maren Christensen
			
		  	Telephone:	  	(818) 777-5122
			
		  	Fax:	  	(818) 866-0229
			
		  	Email:	  	maren.christensen@nbcuni.com
		
	Offer Date:	  	A Business Day each calendar month to be mutually agreed upon by the Purchaser and the Seller Agent.

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 4: Page 1	  	

 SCHEDULE 5 
 APPROVED DEBTORS 
 See attached. 

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 5	  	

																																																							
	(Debtor Purchase Limit Amounts in $000s)	 	 S&P /

Moody’s
	 	 	 S&P /

Moody’s
	 	 S&P /

Moody’s
	 	 S&P /

Moody’s
	 	 S&P /

Moody’s
	 	 S&P /

Moody’s
	 	 S&P /

Moody’s
	 	 S&P /

Moody’s

	 	 	 A/A2
	 	 	A-/A3	 	BBB+/Baa1	 	BBB/Baa2	 	BBB-/Baa3	 	BB+/Ba1	 	BB/Ba2	 	BB-/Ba3
	 Debtor Legal
Entity Name
	 	 Parent
 Company
	 	 Initial DTP (1)
	 	 Initial Rating (2)
	 	 DPL (3)
	 	AM 
(4)	 	 	DPL (3)	 	 	 AM (4)
	 	DPL (3)	 	 	 AM (4)
	 	DPL (3)	 	 	 AM (4)
	 	DPL (3)	 	 	 AM (4)
	 	DPL (3)	 	 	 AM (4)
	 	DPL (3)	 	 	 AM (4)
	 	DPL (3)	 	 	 AM (4)

	 Home Box Office Inc.
	 	Time Warner, Inc.	 	n/a	 	BBB/Baa2	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	n/a	  	 	[***]	 	 	35,000	  	 	[***]	 	 	35,000	  	 	[***]	 	 	17,500	  	 	[***]	 	 	17,500	  	 	[***]	 	 	17,500	  	 	[***]
	 Turner Entertainment Networks, Inc.
	 	Time Warner, Inc.	 	218	 	BBB/Baa2	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	n/a	  	 	[***]	 	 	63,000	  	 	[***]	 	 	63,000	  	 	[***]	 	 	31,500	  	 	[***]	 	 	31,500	  	 	[***]	 	 	31,500	  	 	[***]
	 FX Networks, LLC
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	16,300	  	 	[***]	 	 	16,300	  	 	[***]	 	 	16,300	  	 	[***]	 	 	8,150	  	 	[***]	 	 	8,150	  	 	[***]	 	 	8,150	  	 	[***]
	 Fox Television Stations, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	4,000	  	 	[***]	 	 	4,000	  	 	[***]	 	 	4,000	  	 	[***]	 	 	2,000	  	 	[***]	 	 	2,000	  	 	[***]	 	 	2,000	  	 	[***]
	 Fox/UTV Holdings, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	1,000	  	 	[***]	 	 	1,000	  	 	[***]	 	 	1,000	  	 	[***]	 	 	500	  	 	[***]	 	 	500	  	 	[***]	 	 	500	  	 	[***]
	 KCOP Television, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	2,000	  	 	[***]	 	 	2,000	  	 	[***]	 	 	2,000	  	 	[***]	 	 	1,000	  	 	[***]	 	 	1,000	  	 	[***]	 	 	1,000	  	 	[***]
	 NW Communications of Texas, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	1,100	  	 	[***]	 	 	1,100	  	 	[***]	 	 	1,100	  	 	[***]	 	 	550	  	 	[***]	 	 	550	  	 	[***]	 	 	550	  	 	[***]
	 UTV of Baltimore, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	1,100	  	 	[***]	 	 	1,100	  	 	[***]	 	 	1,100	  	 	[***]	 	 	550	  	 	[***]	 	 	550	  	 	[***]	 	 	550	  	 	[***]
	 UTV of Orlando, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	3,200	  	 	[***]	 	 	3,200	  	 	[***]	 	 	3,200	  	 	[***]	 	 	1,600	  	 	[***]	 	 	1,600	  	 	[***]	 	 	1,600	  	 	[***]
	 UTV of San Francisco, Inc.
	 	News Corporation	 	221	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	1,300	  	 	[***]	 	 	1,300	  	 	[***]	 	 	1,300	  	 	[***]	 	 	650	  	 	[***]	 	 	650	  	 	[***]	 	 	650	  	 	[***]
	 MTV Networks
	 	Viacom, Inc.	 	223	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	11,000	  	 	[***]	 	 	11,000	  	 	[***]	 	 	11,000	  	 	[***]	 	 	5,500	  	 	[***]	 	 	5,500	  	 	[***]	 	 	5,500	  	 	[***]
	 Black Entertainment Television, LLC
	 	Viacom, Inc.	 	252	 	BBB+/Baa1	 	n/a	 	 	[	***] 	 	 	n/a	  	 	[***]	 	 	3,000	  	 	[***]	 	 	3,000	  	 	[***]	 	 	3,000	  	 	[***]	 	 	1,500	  	 	[***]	 	 	1,500	  	 	[***]	 	 	1,500	  	 	[***]
	 International Family Entertainment, Inc.
	 	The Walt Disney Company	 	206	 	A/A2	 	14,000	 	 	[	***] 	 	 	14,000	  	 	[***]	 	 	14,000	  	 	[***]	 	 	14,000	  	 	[***]	 	 	14,000	  	 	[***]	 	 	7,000	  	 	[***]	 	 	7,000	  	 	[***]	 	 	7,000	  	 	[***]

 Notes: 
  

	(1)	Initial Days-To-Pay (DTP) to be calculated once NBC has identified receivables to be purchased on the first Offer Date; HBO DTP to be calculated prior to the 1st
funding in Mar 2011. 

	(2)	Initial Rating reflects Standard & Poor’s/Moody’s Investor Service rating as of the Effective Date 

	(3)	Debtor Purchase Limit (DPL) 

	(4)	Applicable Margin (AM) 

 SCHEDULE 6 
 CREDIT AND COLLECTION POLICY 
 See attached. 

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 6	  	

 Collection team guidelines 
 2010 
  

	 	1.	Maintaining AR open items 

 The collection
list contains items that become due next month and items that are open. Your accounts should be pro-actively approached to make sure customers are contacted before due date. AR items >90 days require extra attention. Moments of contact +
e-mails + correspondence have to be registered in Goldmine. 
 General contacting modus: 

-/-30-20 days -> due date -> 15 days, 30 days, 45 days (see dunning process) 
 Use Goldmine to plan follow up actions and support the contacting modus. 
 Check country/customer
specific contract for details. 
 Prioritizing: start with largest amounts 

 

	 	2.	Administration of disputed items 

Disputed accounts have to be blocked and maintained via ABC process accurately and on timely matter. All items over 30 days should be blocked or
forecasted. Blocked items need to have clear description of issue. E.g. “chasing” is incorrect comment. 
 Objective is that we have
to be able to print correct and up to date ABC report any moment. Active participation in monthly ABC calls with sales is required. Stick to agreed time frames re ABC resolution. Also make sure to make notes and distribute them when needed and
requested. All time frames should also be followed up even if you are not the one that can solve the issue. All items on the ABC are to be followed up until the issue has been resolved and the A/R is cleared. (Excluding blocker 11) 

Prioritizing: start with largest amounts. 
 Make
sure timely follow up on issues re Tax and Litigation, always inform manager. 
  

	 	3.	Forecasting 

 All AR items not blocked or
that need follow up have to be forecasted on the forecast sheet. Include customer number, correct amount, forecasted date, Estimated/Confirmed and where needed the sales person. 
 Items that do not meet forecasted deadline need to be updated in the forecast sheet and follow ups are required one day after expiration of forecasted date. Weekly forecast is on Wednesday; all forecasts
on the forecast sheet before 4pm. Co-operation and preparation is required during monthly forecast review. Management should be able to see a proper forecast at all time. During the closing months (Mar, June, Sep and Dec) forecasts +$350K
consult senior collector. 
 In case of forecast discrepancies (see forecast report for the value) or date shift >2 weeks explain to manager
in order to avoid further delay and future differences. 

	 	4.	Allocation of cash 

 AR items forecasted
need to have clear allocation instructions in Adapt/CMS/Excel. If unable to identify receipt of funds the goal is to get allocation instructions in 48 hours. Correct blocking (blocker 9) is required for longer outstanding items. After monthly
unapplied cash reviews we expect immediate follow up where needed (48 hours after meeting). Meeting documents and data will be facilitated. Instructions are to be sent ASAP in the designated sheet. Make sure to send this to Marvin and cc Martijn van
Boxel. 
 Prepare for unapplied cash meetings. 
 Allocate according instructions from customer, avoid reconciliations. 
  

	 	5.	Withholding Tax (WHT) 

 AR WHT
certificates need timely follow up, proper blocking (Blocker7A, 7B) and need to contain clear description of expected receipt. In case of WHT issues with customers, escalate to manager and make sure these get followed up on timely basis/ resolution
time ABC. Once a WHT certificate has been received, allocation instructions are to be sent within 48 hours in the designated sheet. Make sure to sent these to Marvin and cc Martijn van Boxel 

 

	 	6.	Material charges 

 Derecia Aarts in the
Amsterdam office is creating material invoices. Amounts are relatively small in comparison with license fee. Avoid significant ageing of the material charges. Amounts can be billed in different currency as license fee. 

 

	 	7.	Communication 

 3 p’s: polite,
prepared and persistent 
 External: Respond to e-mails and phone calls within one business day in order to demonstrate awareness. Always
use beginning (Dear... etc) and signature (Best regards... etc) remember we are service provider. 
 Internal: Formulation of
questions and requests has to be clear and complete. Avoid confrontations with colleagues. Again demonstration of awareness creates cooperation. 
 Respond to e-mails and phone calls within one business day in order to demonstrate awareness and sensitivity of co-workers, internal customers, like sales and other business associates. During closings
response times should be max half a day. 
 In case you are uncertain or need assistance in tone and/or content of communication please consult
manager for advice. Always consult manager in case of account reconciliation results, payment plans and/or communication to senior management. 

	 	8.	Maintenance of customer database 

 Update
telephone numbers, addresses, e-mail contacts and other customer data in Goldmine and once available in Adapt. 
  

	 	9.	General business and behavioral instructions 

  

	 	•	 	 Read GE Spirit & letter 

  

	 	•	 	 Make sure that deadlines are met without being reminded. If you can’t meet a deadline inform manager way in advance. ‘No time’ or
‘to busy’ are no valid reasons. 

  

	 	•	 	 Be accurate, professional and secure when you deliver requested documents, reports or letters. 

 

	 	•	 	 Focus on team building, avoid conflicts, focus on long term relationships 

 

	 	•	 	 Collection team prefers calling, follow up with e-mail 

 

	 	•	 	 Clean desk policy keeps you organized; only necessary documents are allowed on your desk. Organized desk and routine makes sure you can act quickly and
without stress. 

  

	 	•	 	 File other documents in desk or cabinet 

  

	 	•	 	 Use notebook during the day, write down words during phone conversations 

 

	 	•	 	 Check your agenda at the start of working day 

  

	 	•	 	 Clean desk at the end of the day and prepare workload for next day 

CASH IS KING 

 SCHEDULE 7 
 KNOW YOUR CUSTOMER UNDERTAKINGS 
 1. Each Seller and the Seller Agent agrees that it is in
full compliance with, and will continue to comply with, the NBCUNIVERSAL Media, LLC compliance policies (as defined below) and has executed, and will continue to execute, the checks, processes and procedures (including verification of the existence
of each Approved Debtor, fulfillment of applicable credit review standards, source of funds checks, or prohibition on any person other than the relevant Approved Debtor to make a payment on any obligation owed by such Approved Debtor) generally
required of such Seller or the Seller Agent, as applicable, by the NBCUNIVERSAL Media, LLC compliance policies or by the Purchaser from time to time, to determine such Seller’s or the Seller Agent’s compliance with the NBCUNIVERSAL Media,
LLC compliance policies. 
 2. Upon the request of the Purchaser, each Seller and the Seller Agent shall promptly provide any documentation or
other evidence reasonably satisfactory to the Purchaser to demonstrate compliance by such Seller or the Seller Agent, as applicable (and its predecessors in interest) with the NBCUNIVERSAL Media, LLC compliance policies (including the provision of
satisfactory bank references and such other status information on all directors, shareholders and senior managers of each Approved Debtor as the Purchaser shall require in connection with the NBCUNIVERSAL Media, LLC know your customer requirements)
or otherwise reasonably necessary to enable the Purchaser to carry out its own compliance with the NBCUNIVERSAL Media, LLC compliance policies and to enable any Investor to carry out its compliance with such Investor’s compliance policies.

 3. For the purposes of this Schedule 7, “NBCUNIVERSAL Media, LLC compliance policies” means the know your customer requirements
(which are substantively comparable to the General Electric Company group of affiliated companies know your company requirements), anti-money laundering and international trade controls policies and other similar policies of NBCUNIVERSAL Media, LLC
that apply from time to time, including policies to ensure compliance by NBCUNIVERSAL Media, LLC with applicable laws including anti-money laundering regulations, laws relating to trade controls (including the policy on doing business with
Commonwealth of Independent States countries), laws relating to specially designated nationals and blocked persons, and limitations or prohibitions under regulations of the Office of Foreign Assets Control of the United States Department of the
Treasury. NBCUNIVERSAL Media, LLC shall not modify its compliance policies in a manner that would be contrary to any of the aforementioned laws and regulations. 

  

					
	NBCU Receivables Purchase Agreement	  	Schedule 7Sub-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	  

  

					
		  	i	  	

 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”. 

  
 2 

 “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 

  
 3 

 
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. 

  
 4 

 “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). 

  
 5 

 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. 

  
 7 

 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 

  
 22 

 
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. 

  

					
		 	3	  	NBCU Funding
		 		  	Servicing Agreement

 “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 

  

					
		 	4	  	NBCU Funding
		 		  	Servicing Agreement

 
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. 

  

					
		 	5	  	NBCU Funding
		 		  	Servicing Agreement

 “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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		 		  	Servicing Agreement

 
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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		 		  	Servicing Agreement

 (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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		 		  	Servicing Agreement

 
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

  

					
		 	13	  	NBCU Funding
		 		  	Servicing Agreement

 
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 

  

					
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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 

  

					
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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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 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

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