Document:

Exhibit 4.1

 

[FORM OF OFFICERS’ CERTIFICATE]

 

COMCAST CORPORATION

 

Officers’ Certificate

 

August 19, 2021

 

Pursuant to Section 2.03 of the Indenture dated
as of September 18, 2013, by and among Comcast Corporation (the “Company”), the guarantors named therein and The Bank
of New York Mellon, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated as of November
17, 2015 (as amended, the “Indenture”), by and among the Company, the guarantors named therein and the Trustee, and
guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal Media, LLC (the “Guarantors”),
the undersigned officers of the Company do hereby certify, in connection with the issuance of the Company’s $4,999,854,000 aggregate
principal amount of 2.887% Notes due 2051 (the “2051 Notes”), $5,999,998,000 aggregate principal amount of 2.937% Notes
due 2056 (the “2056 Notes”) and $4,000,000,000 aggregate principal amount of 2.987% Notes due 2063 (the “2063
Notes,” and together with the 2051 Notes and the 2056 Notes, the “Notes”), that the terms of the Notes are
as follows:

 

	2.887% Notes due 2051
	 
	Title:	2.887% Notes due 2051
	 	 
	Aggregate Principal Amount at Maturity:	
    $4,999,854,000

	 	 
	Principal Payment Date:	November 1, 2051
	 	 
	Interest:	2.887%
	 	 
	Redemption:	
    The Company may at its option redeem the 2051 Notes in whole or in
    part, at any time or from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice transmitted
    to the registered address of each holder of the 2051 Notes, at the “Redemption Price.” Prior to May 1, 2051 (the “2051
    Par Call Date”), the Redemption Price is the greater of (i) 100% of the principal amount of the 2051 Notes, and (ii) the sum
    of the present values of the principal amount of such notes and the scheduled payments of interest thereon (exclusive of interest accrued
    to the date of redemption) from the redemption date to the 2051 Par Call Date, in each case discounted to the redemption date on a semiannual
    basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 2051 Notes)

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	 	plus 15 basis points. On and after the 2051 Par Call Date, the Redemption Price will equal 100% of the principal amount of such notes. In each case described in this paragraph, the Redemption Price will include accrued and unpaid interest thereon to the date of redemption, and in each case described in this paragraph, subject to the further description in the Offering Memorandum dated August 2, 2021.
	 	 
	Registration Rights:	
    Holders of the Notes shall have the rights set forth in the registration
    rights agreement, dated August 19, 2021, among the Company, the Guarantors and the joint-lead dealer managers (the “Registration
    Rights Agreement”), including the right to receive additional interest as a result of a registration default as provided therein.

     

    Upon the close of a Registered Exchange Offer (as defined in the Registration
    Rights Agreement), the Company shall (i) accept for exchange all the Notes validly tendered and not withdrawn pursuant to the Registered
    Exchange Offer; (ii) deliver to the Trustee for cancellation all the Notes so accepted for exchange; and (iii) cause the Trustee to authenticate
    and deliver to each Notes holder Exchange Securities (as defined in the Registration Rights Agreement) equal in principal amount to the
    Notes of such holder so accepted for exchange.

	 	 
	Additional Issuances:	The 2051 Notes need not be issued at the same time and the series may be reopened for issuance of an unlimited principal amount of additional 2051 Notes under this series.  Additional 2051 Notes of this series may be consolidated with, and form a single series with, 2051 Notes then outstanding, including for purposes of determining whether the required percentage of the holders of record has given approval or consent to an amendment or waiver or joined in directing the Trustee to take certain actions on behalf of all holders; provided that if such additional 2051 Notes are not fungible with the 2051 Notes then outstanding for U.S. federal income tax purposes, such additional 2051 Notes will have one or more separate CUSIP numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 

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	Miscellaneous:	The terms of the 2051 Notes shall include such other terms as are set forth in the Form of Note due 2051 attached hereto as Exhibit A.

 

 

	2.937% Notes due 2056
	 
	Title:	2.937% Notes due 2056
	 	 
	Aggregate Principal Amount at Maturity:	
    $5,999,998,000

	 	 
	Principal Payment Date:	November 1, 2056
	 	 
	Interest:	2.937%
	 	 
	Redemption:	
    The Company may at its option redeem the 2056 Notes in whole or in
    part, at any time or from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice transmitted
    to the registered address of each holder of the 2056 Notes, at the “Redemption Price.” Prior to May 1, 2056 (the “2056
    Par Call Date”), the Redemption Price is the greater of (i) 100% of the principal amount of the 2056 Notes, and (ii) the sum
    of the present values of the principal amount of such notes and the scheduled payments of interest thereon (exclusive of interest accrued
    to the date of redemption) from the redemption date to the 2056 Par Call Date, in each case discounted to the redemption date on a semiannual
    basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 2056 Notes) plus 20 basis points.
    On and after the 2056 Par Call Date, the Redemption Price will equal 100% of the principal amount of such notes. In each case described
    in this paragraph, the Redemption Price will include accrued and unpaid interest thereon to the date of redemption, and in each case described
    in this paragraph, subject to the further description in the Offering Memorandum dated August 2, 2021.

	 	 
	Registration Rights:	
    Holders of the Notes shall have the rights set forth in the Registration
    Rights Agreement, including the right to receive additional interest as a result of a registration default as provided therein.

     

    Upon the close of a Registered Exchange Offer (as defined in the Registration
    Rights Agreement), the Company shall (i) accept for exchange all the Notes

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	 	validly tendered and not withdrawn pursuant to the Registered Exchange Offer; (ii) deliver to the Trustee for cancellation all the Notes so accepted for exchange; and (iii) cause the Trustee to authenticate and deliver to each Notes holder Exchange Securities (as defined in the Registration Rights Agreement) equal in principal amount to the Notes of such holder so accepted for exchange.   
	 	 
	Additional Issuances:	The 2056 Notes need not be issued at the same time and the series may be reopened for issuance of an unlimited principal amount of additional 2056 Notes under this series.  Additional 2056 Notes of this series may be consolidated with, and form a single series with, 2056 Notes then outstanding, including for purposes of determining whether the required percentage of the holders of record has given approval or consent to an amendment or waiver or joined in directing the Trustee to take certain actions on behalf of all holders; provided that if such additional 2056 Notes are not fungible with the 2056 Notes then outstanding for U.S. federal income tax purposes, such additional 2056 Notes will have one or more separate CUSIP numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 
	Miscellaneous:	
    The terms of the 2056 Notes shall include such other terms as are set
    forth in the Form of Note due 2056 attached hereto as Exhibit B.

     

     

	2.987% Notes due 2063
	 
	Title:	2.987% Notes due 2063
	 	 
	Aggregate Principal Amount at Maturity:	
    $4,000,000,000

	 	 
	Principal Payment Date:	November 1, 2063
	 	 
	Interest:	2.987%
	 	 
	Redemption:	The Company may at its option redeem the 2063 Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice transmitted 

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    to the registered address of each holder of the 2063 Notes, at the
    “Redemption Price.” Prior to May 1, 2063 (the “2063 Par Call Date”), the Redemption Price is the greater
    of (i) 100% of the principal amount of the 2063 Notes, and (ii) the sum of the present values of the principal amount of such notes and
    the scheduled payments of interest thereon (exclusive of interest accrued to the date of redemption) from the redemption date to the 2063
    Par Call Date, in each case discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day
    months) at the Treasury Rate (as defined in the 2063 Notes) plus 20 basis points. On and after the 2063 Par Call Date, the Redemption
    Price will equal 100% of the principal amount of such notes. In each case described in this paragraph, the Redemption Price will include
    accrued and unpaid interest thereon to the date of redemption, and in each case described in this paragraph, subject to the further description
    in the Offering Memorandum dated August 2, 2021.

	 	 
	Registration Rights:	
    Holders of the Notes shall have the rights set forth in the Registration
    Rights Agreement, including the right to receive additional interest as a result of a registration default as provided therein.

     

    Upon the close of a Registered Exchange Offer (as defined in the Registration
    Rights Agreement), the Company (i) accept for exchange all the Notes validly tendered and not withdrawn pursuant to the Registered Exchange
    Offer; (ii) deliver to the Trustee for cancellation all the Notes so accepted for exchange; and (iii) cause the Trustee to authenticate
    and deliver to each Notes holder Exchange Securities (as defined in the Registration Rights Agreement) equal in principal amount to the
    Notes of such holder so accepted for exchange.

	 	 
	Additional Issuances:	The 2063 Notes need not be issued at the same time and the series may be reopened for issuance of an unlimited principal amount of additional 2063 Notes under this series.  Additional 2063 Notes of this series may be consolidated with, and form a single series with, 2063 Notes then outstanding, including for purposes of determining whether the required percentage of the holders of record has given approval or consent to an amendment or waiver or joined in directing the Trustee to take certain actions on behalf of all holders; provided 

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	 	that if such additional 2063 Notes are not fungible with the 2063 Notes then outstanding for U.S. federal income tax purposes, such additional 2063 Notes will have one or more separate CUSIP numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 
	Miscellaneous:	
    The terms of the 2063 Notes shall include such other terms as are set
    forth in the Form of Note due 2063 attached hereto as Exhibit C.

Each such officer has read and understands the provisions of the Indenture
and the definitions relating thereto. The statements made in this Officers’ Certificate are based upon the examination of the provisions
of the Indenture and upon the relevant books and records of the Company. In such officer’s opinion, he has made such examination
or investigation as is necessary to enable such officer to express an informed opinion as to whether or not the covenants and conditions
precedent of such Indenture relating to the issuance and authentication of the Notes have been complied with. In such officer’s
opinion, such covenants and conditions precedent have been complied with.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the undersigned officers of
the Company have duly executed this certificate as of the date first set forth above.

 

	 	 
	 	By:	 
	 	 	Name: Jason S. Armstrong
	 	 	Title:   Executive Vice President and Treasurer

 

 

	 	By:	 
	 	 	Name: Elizabeth Wideman
	 	 	Title:   Senior Vice President, Senior Deputy General Counsel and Assistant Secretary
	 	 	 

 

 

 

 

 

[Signature Page to Officers’ Certificate
Pursuant to the Indenture]

 

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EXHIBIT A

 

[FORM OF NOTE DUE 2051]

 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES
IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS
SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF
SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF REPRESENTS THAT
IT IS (1) A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) OR (2) NOT A U.S. PERSON AND
IS ACQUIRING ITS NOTE IN AN “OFFSHORE TRANSACTION” PURSUANT TO RULE 904 OF REGULATION S UNDER THE SECURITIES ACT.

 

THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF COMCAST CORPORATION
THAT (A) PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) WHICH IS ONE YEAR AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR
OF SUCH SECURITY), THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, (II) PURSUANT TO AN EXEMPTION FROM

 

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REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER
(IF AVAILABLE), (III) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION
S UNDER THE SECURITIES ACT, (IV) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF SUBPARAGRAPH (a)(1), (2),
(3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL
“ACCREDITED INVESTOR,” FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION
IN VIOLATION OF THE SECURITIES ACT, (V) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT OR (VI) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE
WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED
TO, NOTIFY ANY PURCHASER OF THIS SECURITY OF THE RESALE RESTRICTIONS REFERRED TO IN CLAUSE (A) ABOVE. THIS LEGEND WILL BE REMOVED UPON
THE EARLIER OF THE TRANSFER OF THIS SECURITY PURSUANT TO CLAUSE (A)(VI) ABOVE OR REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER THE TRANSFER OF THIS SECURITY IN VIOLATION OF THE
FOREGOING RESTRICTION.

 

[IN THE CASE OF REGULATION S NOTES: UNTIL 40 DAYS AFTER THE LATER OF
COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF NOTES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES
ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE
144A THEREUNDER.]

 

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COMCAST CORPORATION

 

2.887% Note due 2051

 

	No. [A][R]-[  ]	CUSIP No.: [  ]
	                                                                                                	 ISIN No.: [  ]
	 	$[  ]

 

COMCAST CORPORATION, a Pennsylvania corporation
(the “Issuer”, which term includes any successor corporation), for value received promises to pay to CEDE & CO.
or registered assigns, the principal sum of $[ ] ([ ] Dollars) on November 1, 2051.

 

Interest Payment Dates: May 1 and November 1 (each,
an “Interest Payment Date”), commencing on November 1, 2021.

 

Interest Record Dates: April 15 and October 15
(each, an “Interest Record Date”).

 

Reference is made to the further provisions of
this Security contained herein, which will for all purposes have the same effect as if set forth at this place.

 

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IN WITNESS WHEREOF, the Issuer has caused this
Security to be signed manually or by facsimile by its duly authorized officer under its corporate seal.

 

	 	COMCAST CORPORATION	 
	 	 	 	 	 
	 	By:	 	 
	 	 	Name: 	Jason S. Armstrong	 
	 	 	Title:	Executive Vice President and  Treasurer	 

[Seal of Comcast Corporation]

 

Attest:

 

	By:		 	 
	 	Name:	Elizabeth Wideman	 
	 	Title:	Senior Vice President, Senior Deputy General Counsel and Assistant Secretary 	 

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This is one of the series designated herein and
referred to in the within-mentioned Indenture.

 

Dated: August 19, 2021

 

	 	THE BANK OF NEW YORK MELLON, 
	 	as Trustee
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Authorized Signatory 

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(REVERSE OF SECURITY)

 

COMCAST CORPORATION

 

2.887% Note due 2051

 

1.       Interest.

 

COMCAST CORPORATION, a Pennsylvania corporation
(the “Issuer”), promises to pay interest on the principal amount of this Security at the rate per annum shown above.
Cash interest on the Securities will accrue from the most recent date to which interest has been paid or, if no interest has been paid,
from August 19, 2021. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 1, 2021.
Interest will be computed on the basis of a 360-day year of twelve 30-day months.

 

The Issuer shall pay interest on overdue principal
from time to time on demand at the rate borne by the Securities and on overdue installments of interest (without regard to any applicable
grace periods) to the extent lawful. The Issuer shall pay such additional interest as may be payable pursuant to the Registration Rights
Agreement, dated August 19, 2021 (the “Registration Rights Agreement”), among the Company, the Guarantors and the joint-lead
dealer managers party thereto. The Holders of this Security are entitled to the benefits of the Registration Rights Agreement.

 

2.       Method
of Payment.

 

The Issuer shall pay interest on the Securities
(except defaulted interest) to the persons who are the registered Holders at the close of business on the Interest Record Date immediately
preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security subsequent to such Interest Record Date
and prior to such Interest Payment Date. Holders must surrender Securities to The Bank of New York Mellon (the “Trustee”)
to collect principal payments. The Issuer shall pay principal and interest in money of the United States that at the time of payment is
legal tender for payment of public and private debts (“U.S. Legal Tender”). However, the payments of interest, and
any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of principal)
shall be made by the Paying Agent, upon receipt from the Issuer of immediately available funds by 11:00 a.m., New York City time (or such
other time as may be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder (by Federal funds wire transfer
or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment date requesting that such
payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of principal
surrenders the same to the Trustee in exchange for a Security or Securities aggregating the same principal amount as the unredeemed principal
amount of the Securities surrendered.

 

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3.       Paying
Agent.

 

Initially, the Trustee will act as Paying Agent.
The Issuer may change any Paying Agent without notice to the Holders.

 

4.       Indenture.

 

The Issuer issued the Securities under an Indenture
dated as of September 18, 2013, by and among the Issuer, the guarantors named therein and the Trustee, as amended by the First Supplemental
Indenture dated as of November 17, 2015, by and among the Issuer, the guarantors named therein (the “Guarantors”) and
the Trustee (as amended, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise
defined herein. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in effect on the date of the Indenture
until such time as the Indenture is qualified under the TIA, and thereafter as in effect on the date on which the Indenture is qualified
under the TIA. Notwithstanding anything to the contrary herein, the Securities are subject to all such terms, and Holders of Securities
are referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this Security are inconsistent,
the terms of the Indenture shall govern. This note is a “Security” and the notes are “Securities”
under the Indenture.

 

5.       Guarantees.

 

Each Guarantor has irrevocably, fully and unconditionally
guaranteed, jointly and severally, on an unsecured basis, the full and punctual payment (whether at maturity, upon redemption or otherwise)
of the principal of and interest on, and all other amounts payable under, the Securities, and the full and punctual payment of all other
amounts payable by the Issuer under the Indenture, subject to certain terms and conditions set forth in the Indenture.

 

6.       Denominations;
Transfer; Exchange.

 

The Securities are in registered form, without
coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall register the transfer of or exchange Securities
in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture.
The Issuer need not issue, authenticate, register the transfer of or exchange any Securities or portions thereof for a period of fifteen
(15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange any security selected for
redemption in whole or in part.

 

7.       Persons
Deemed Owners.

 

The registered Holder of a Security shall be treated
as the owner of it for all purposes.

 

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8.       Unclaimed
Funds.

 

If funds for the payment of principal or interest
remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Issuer at its written request. After that,
all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

 

9.       Legal
Defeasance and Covenant Defeasance.

 

The Issuer and the Guarantors may be discharged
from their respective obligations under the Securities and under the Indenture with respect to the Securities except for certain provisions
thereof, and may be discharged from obligations to comply with certain covenants contained in the Securities and in the Indenture with
respect to the Securities, in each case upon satisfaction of certain conditions specified in the Indenture.

 

10.       Amendment;
Supplement; Waiver.

 

Subject to certain exceptions, the Securities and
the provisions of the Indenture relating to the Securities may be amended or supplemented with the written consent of the Holders of at
least a majority in aggregate principal amount of the Securities then outstanding, and any existing Default or Event of Default or compliance
with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of the Securities then
outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Securities
to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Securities in addition to or in place
of certificated Securities or comply with any requirements of the Commission in connection with the qualification of the Indenture under
the TIA, or make any other change that does not adversely affect the rights of any Holder of a Security.

 

11.       Restrictive
Covenants.

 

The Indenture contains certain covenants that,
among other things, limit the ability of the Issuer and the Guarantors to incur liens securing indebtedness, or to enter into sale and
leaseback transactions, and of the Issuer to merge or sell all or substantially all of its assets. The limitations are subject to a number
of important qualifications and exceptions. The Issuer must annually report to the Trustee on compliance with such limitations.

 

12.       Redemption.

 

The Issuer will have the right at its option to
redeem any of the Securities in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not
more than 60 days, prior notice transmitted to the registered address of each Holder of the Securities, at the applicable Redemption Price.

 

“Redemption Price” means (a)
at any time prior to May 1, 2051 (the “Par Call Date”), the greater of (i) 100% of the principal amount of such Securities
and (ii) the sum of the present values of the principal amount of such Securities and the scheduled

 

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payments
of interest thereon (exclusive of interest accrued to the date of redemption) from the redemption date to the Par Call Date, in each
case discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 15 basis points and (b) if the Securities are redeemed on or after the Par Call Date, 100% of the principal amount of such
Securities; plus, in each case, accrued and unpaid interest thereon to the date of redemption.

 

“Treasury Rate” means, with
respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated (on a day count
basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such redemption date.

 

“Comparable Treasury Issue”
means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated
maturity comparable to the remaining term of the Securities to be redeemed calculated as if the maturity date of such Securities were
the applicable Par Call Date (the “Remaining Life”) that would be utilized, at the time of selection and in accordance
with customary financial practice.

 

“Independent Investment Banker”
means one of the Reference Treasury Dealers appointed by the Issuer.

 

“Comparable Treasury Price”
means, with respect to any redemption date, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotation or (ii) if the Independent Investment Banker obtains fewer than
four such Reference Treasury Dealer Quotations, the average of all such quotations.

 

“Reference Treasury Dealer”
means each of Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc.,
J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC or their affiliates which are primary United States
government securities dealers and their respective successors; provided, however, that if any of the foregoing shall cease
to be a primary United States government securities dealer in the United States (a “Primary Treasury Dealer”), the
Issuer will substitute therefor another Primary Treasury Dealer.

 

“Reference Treasury Dealer Quotation”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment
Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in case as a percentage of its principal amount) quoted
in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 pm New York time on the third business day preceding
such redemption date.

 

On and after the redemption date, interest will
cease to accrue on the Securities or any portion of the Securities called for redemption (unless the Issuer defaults in the payment of
the redemption price and accrued interest). On or before the redemption date, the Issuer will deposit with the Trustee money sufficient
to pay the redemption price of and (unless the redemption date shall be an Interest Payment Date) accrued interest to the

 

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redemption date on the Securities to be redeemed on such date. If less
than all of the Securities are to be redeemed, the Securities to be redeemed shall be selected by the Trustee by such method as the Trustee
shall deem fair and appropriate (provided that Securities represented by a Global Security will be selected for redemption by the Depositary
in accordance with its standard procedures therefor).

 

13.       Defaults
and Remedies.

 

If an Event of Default (other than certain bankruptcy
Events of Default with respect to the Issuer or any of the Guarantors) occurs and is continuing, the Trustee or the Holders of at least
25% in aggregate principal amount of Securities then outstanding may declare all of the Securities to be due and payable immediately in
the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Issuer or any of the Guarantors
occurs and is continuing, all the Securities shall be immediately due and payable immediately in the manner and with the effect provided
in the Indenture without any notice or other action on the part of the Trustee or any Holder. Holders of Securities may not enforce the
Indenture, the Securities or the Guarantees except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture,
the Securities or the Guarantees unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations
therein provided, Holders of a majority in aggregate principal amount of the Securities then outstanding to direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of
Default if it determines that withholding notice is in their interest.

 

14.       Trustee
Dealings with Issuer.

 

The Trustee under the Indenture, in its individual
or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Issuer as if it were not the Trustee.

 

15.       No
Recourse Against Others.

 

No stockholder, director, officer, employee or
incorporator, as such, of the Issuer, any Guarantor or any successor Person thereof shall have any liability for any obligation under
the Securities, the Guarantees or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation.
Each Holder of a Security by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration
for the issuance of the Securities.

 

16.       Authentication.

 

This Security shall not be valid until the Trustee
manually signs the certificate of authentication on this Security.

 

    17 

     

    

17.       Abbreviations
and Defined Terms.

 

Customary abbreviations may be used in the name
of a Holder of a Security or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

18.       CUSIP
Numbers.

 

Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities as a convenience
to the Holders of the Securities. No representation is made as to the accuracy of such numbers as printed on the Securities and reliance
may be placed only on the other identification numbers printed hereon.

 

19.       Governing
Law.

 

The laws of the State of New York shall govern
the Indenture and this Security thereof.

 

    18 

     

    

ASSIGNMENT FORM

 

I or we assign and transfer this Security to

 

 

(Print or type name, address and zip code of assignee
or transferee)

 

 

 

(Insert Social Security or other identifying number
of assignee or transferee)

 

 

and irrevocably appoint_________________________________________ agent
to transfer this Security on the books of the Issuer. The agent may substitute another to act for him.

 

	Dated: _______________________	 	Signed: _______________________
	 	 	 	(Signed exactly as name appears 
	 	 	 	on the other side of this Security)

 

 

	Signature Guarantee:  	 	 
	 	 	Participant in a recognized Signature Guarantee 
	 	 	Medallion Program (or other signature guarantor 
	 	 	program reasonably acceptable to the Trustee)

    19 

     

    

FORM OF CERTIFICATE OF TRANSFER

 

Comcast Corporation

One Comcast Center 

Philadelphia, Pennsylvania 19103-2838

 

The Bank of New York Mellon

240 Greenwich Street, Floor 7E 

New York, NY 10286

Fax: (212) 815-5595

 

 

 

		Re:	[ ]% Notes due [ ]

 

Reference is hereby made to the indenture dated as
of September 18, 2013, by and among Comcast Corporation, the guarantors named therein and The Bank of New York Mellon, as trustee, as
supplemented by the First Supplemental Indenture dated as of November 17, 2015 (as amended, the “Indenture”). Capitalized
terms used but not defined herein shall have the meanings given to them in the Indenture.

 

_______________ (the “Transferor”)
owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $___________
in such Note[s] or interests (the “Transfer”), to _______________ (the “Transferee”), as further
specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

 

[CHECK ALL THAT APPLY]

 

1.       [  ]
CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE 144A GLOBAL NOTE PURSUANT TO RULE 144A. The Transfer is being effected
pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”),
and, accordingly, the Transferor hereby further certifies that the beneficial interest is being transferred to a Person that the Transferor
reasonably believes is purchasing the beneficial interest for its own account, or for one or more accounts with respect to which such
Person exercises sole investment discretion, and the Transferor reasonably believes such Person and each such account is a “qualified
institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is
in compliance with all applicable securities laws of the United States and other jurisdictions.

 

2.       [  ]
CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE REGULATION S GLOBAL NOTE PURSUANT TO REGULATION S. The Transfer
is being effected pursuant to and in accordance with Rule 903 or Rule 904 of Regulation S under the Securities Act or Rule 144 (if available)
and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and
(x) at the time the buy order was originated, the

 

    20 

     

    

Transferee was outside the United States or such
Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y)
the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor
any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling
efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii)
the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed
transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account
or benefit of a U.S. Person (other than an Initial Purchaser) and the interest transferred will be held immediately thereafter through
Euroclear or Clearstream. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial
interest will be subject to the restrictions on transfer enumerated in the Indenture and the Securities Act.

 

    21 

     

    

This certificate and the statements contained herein
are made for your benefit and the benefit of the Issuer.

 

	 	[Insert Name of Transferor]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

Dated: _______________________

 

Signature Guarantee*: __________________________

 

__________________

* Participant in a recognized Signature Guarantee Medallion Program
(or other signature guarantor acceptable to the Trustee).

 

    22 

     

    

ANNEX A TO CERTIFICATE OF TRANSFER

 

1.       The Transferor
owns and proposes to transfer the following:

 

[CHECK ONE]

 

		(a)	[  ] a beneficial interest in the:

 

		(i)	[  ] 144A Global Note (CUSIP [ ]), or

 

		(ii)	[  ] Regulation S Global Note (CUSIP [ ]), or

 

2.       After
the Transfer the Transferee will hold:

 

[CHECK ONE]

 

		(a)	[  ] a beneficial interest in the:

 

		(i)	[  ] 144A Global Note (CUSIP [ ]), or

 

(ii)       [  ]
Regulation S Global Note (CUSIP [ ])

    23 

     

    

 

SCHEDULE OF EXCHANGES OF NOTES

 

The following exchanges of a part of this Global
Security for certificated Notes or a part of another Global Security have been made:

 

	
    Date of Exchange

	
    Amount of decrease

    in Principal Amount of this Global Security

	
    Amount of increase

    in Principal

    Amount of this

    Global Security

	
    Principal Amount
    of

    this Global Security

    following such

    decrease or increase

	
    Signature of
    authorized signatory of Trustee

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    24 

     

    

EXHIBIT B

 

[FORM OF NOTE DUE 2056]

 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES
IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS
SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF
SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF REPRESENTS THAT
IT IS (1) A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) OR (2) NOT A U.S. PERSON AND
IS ACQUIRING ITS NOTE IN AN “OFFSHORE TRANSACTION” PURSUANT TO RULE 904 OF REGULATION S UNDER THE SECURITIES ACT.

 

THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF COMCAST CORPORATION
THAT (A) PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) WHICH IS ONE YEAR AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR
OF SUCH SECURITY), THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, (II) PURSUANT TO AN EXEMPTION FROM

 

    25 

     

    

REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER
(IF AVAILABLE), (III) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION
S UNDER THE SECURITIES ACT, (IV) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF SUBPARAGRAPH (a)(1), (2),
(3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL
“ACCREDITED INVESTOR,” FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION
IN VIOLATION OF THE SECURITIES ACT, (V) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT OR (VI) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE
WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED
TO, NOTIFY ANY PURCHASER OF THIS SECURITY OF THE RESALE RESTRICTIONS REFERRED TO IN CLAUSE (A) ABOVE. THIS LEGEND WILL BE REMOVED UPON
THE EARLIER OF THE TRANSFER OF THIS SECURITY PURSUANT TO CLAUSE (A)(VI) ABOVE OR REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER THE TRANSFER OF THIS SECURITY IN VIOLATION OF THE
FOREGOING RESTRICTION.

 

[IN THE CASE OF REGULATION S NOTES: UNTIL 40 DAYS AFTER THE LATER OF
COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF NOTES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES
ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE
144A THEREUNDER.]

 

    26 

     

    

COMCAST CORPORATION

 

2.937% Note due 2056

 

	No. [A][R]-[  ]	CUSIP No.: [  ]
	                                                                                                 	ISIN No.: [  ]
	 	$[  ]

 

COMCAST CORPORATION, a Pennsylvania corporation
(the “Issuer”, which term includes any successor corporation), for value received promises to pay to CEDE & CO.
or registered assigns, the principal sum of $[ ] ([ ] Dollars) on November 1, 2056.

 

Interest Payment Dates: May 1 and November 1 (each,
an “Interest Payment Date”), commencing on November 1, 2021.

 

Interest Record Dates: April 15 and October 15
(each, an “Interest Record Date”).

 

Reference is made to the further provisions of
this Security contained herein, which will for all purposes have the same effect as if set forth at this place.

 

    27 

     

    

IN WITNESS WHEREOF, the Issuer has caused this
Security to be signed manually or by facsimile by its duly authorized officer under its corporate seal.

 

	 	COMCAST CORPORATION	 
	 	 	 	 	 
	 	By:	 	 
	 	 	Name: 	Jason S. Armstrong	 
	 	 	Title:	Executive Vice President and  Treasurer	 

[Seal of Comcast Corporation]

 

Attest:

 

 

	By:		 	 
	 	Name:	Elizabeth Wideman	 
	 	Title:	Senior Vice President, Senior Deputy General Counsel and Assistant Secretary 	 

 

 

    28 

     

    

This is one of the series designated herein and
referred to in the within-mentioned Indenture.

 

Dated: August 19, 2021

 

	 	THE BANK OF NEW YORK MELLON, 
	 	as Trustee
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Authorized Signatory 

 

    29 

     

    

(REVERSE OF SECURITY)

 

COMCAST CORPORATION

 

2.937% Note due 2056

 

1.       Interest.

 

COMCAST CORPORATION, a Pennsylvania corporation
(the “Issuer”), promises to pay interest on the principal amount of this Security at the rate per annum shown above.
Cash interest on the Securities will accrue from the most recent date to which interest has been paid or, if no interest has been paid,
from August 19, 2021. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 1, 2021.
Interest will be computed on the basis of a 360-day year of twelve 30-day months.

 

The Issuer shall pay interest on overdue principal
from time to time on demand at the rate borne by the Securities and on overdue installments of interest (without regard to any applicable
grace periods) to the extent lawful. The Issuer shall pay such additional interest as may be payable pursuant to the Registration Rights
Agreement, dated August 19, 2021 (the “Registration Rights Agreement”), among the Company, the Guarantors and the joint-lead
dealer managers party thereto. The Holders of this Security are entitled to the benefits of the Registration Rights Agreement.

 

2.       Method
of Payment.

 

The Issuer shall pay interest on the Securities
(except defaulted interest) to the persons who are the registered Holders at the close of business on the Interest Record Date immediately
preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security subsequent to such Interest Record Date
and prior to such Interest Payment Date. Holders must surrender Securities to The Bank of New York Mellon (the “Trustee”)
to collect principal payments. The Issuer shall pay principal and interest in money of the United States that at the time of payment is
legal tender for payment of public and private debts (“U.S. Legal Tender”). However, the payments of interest, and
any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of principal)
shall be made by the Paying Agent, upon receipt from the Issuer of immediately available funds by 11:00 a.m., New York City time (or such
other time as may be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder (by Federal funds wire transfer
or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment date requesting that such
payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of principal
surrenders the same to the Trustee in exchange for a Security or Securities aggregating the same principal amount as the unredeemed principal
amount of the Securities surrendered.

 

    30 

     

    

3.       Paying
Agent.

 

Initially, the Trustee will act as Paying Agent.
The Issuer may change any Paying Agent without notice to the Holders.

 

4.       Indenture.

 

The Issuer issued the Securities under an Indenture
dated as of September 18, 2013, by and among the Issuer, the guarantors named therein and the Trustee, as amended by the First Supplemental
Indenture dated as of November 17, 2015, by and among the Issuer, the guarantors named therein (the “Guarantors”) and
the Trustee (as amended, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise
defined herein. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in effect on the date of the Indenture
until such time as the Indenture is qualified under the TIA, and thereafter as in effect on the date on which the Indenture is qualified
under the TIA. Notwithstanding anything to the contrary herein, the Securities are subject to all such terms, and Holders of Securities
are referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this Security are inconsistent,
the terms of the Indenture shall govern. This note is a “Security” and the notes are “Securities”
under the Indenture.

 

5.       Guarantees.

 

Each Guarantor has irrevocably, fully and unconditionally
guaranteed, jointly and severally, on an unsecured basis, the full and punctual payment (whether at maturity, upon redemption or otherwise)
of the principal of and interest on, and all other amounts payable under, the Securities, and the full and punctual payment of all other
amounts payable by the Issuer under the Indenture, subject to certain terms and conditions set forth in the Indenture.

 

6.       Denominations;
Transfer; Exchange.

 

The Securities are in registered form, without
coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall register the transfer of or exchange Securities
in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture.
The Issuer need not issue, authenticate, register the transfer of or exchange any Securities or portions thereof for a period of fifteen
(15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange any security selected for
redemption in whole or in part.

 

7.       Persons
Deemed Owners.

 

The registered Holder of a Security shall be treated
as the owner of it for all purposes.

 

    31 

     

    

8.       Unclaimed
Funds.

 

If funds for the payment of principal or interest
remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Issuer at its written request. After that,
all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

 

9.       Legal
Defeasance and Covenant Defeasance.

 

The Issuer and the Guarantors may be discharged
from their respective obligations under the Securities and under the Indenture with respect to the Securities except for certain provisions
thereof, and may be discharged from obligations to comply with certain covenants contained in the Securities and in the Indenture with
respect to the Securities, in each case upon satisfaction of certain conditions specified in the Indenture.

 

10.       Amendment;
Supplement; Waiver.

 

Subject to certain exceptions, the Securities and
the provisions of the Indenture relating to the Securities may be amended or supplemented with the written consent of the Holders of at
least a majority in aggregate principal amount of the Securities then outstanding, and any existing Default or Event of Default or compliance
with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of the Securities then
outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Securities
to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Securities in addition to or in place
of certificated Securities or comply with any requirements of the Commission in connection with the qualification of the Indenture under
the TIA, or make any other change that does not adversely affect the rights of any Holder of a Security.

 

11.       Restrictive
Covenants.

 

The Indenture contains certain covenants that,
among other things, limit the ability of the Issuer and the Guarantors to incur liens securing indebtedness, or to enter into sale and
leaseback transactions, and of the Issuer to merge or sell all or substantially all of its assets. The limitations are subject to a number
of important qualifications and exceptions. The Issuer must annually report to the Trustee on compliance with such limitations.

 

12.       Redemption.

 

The Issuer will have the right at its option to
redeem any of the Securities in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not
more than 60 days, prior notice transmitted to the registered address of each Holder of the Securities, at the applicable Redemption Price.

 

“Redemption Price” means (a)
at any time prior to May 1, 2056 (the “Par Call Date”), the greater of (i) 100% of the principal amount of such Securities
and (ii) the sum of the present values of the principal amount of such Securities and the scheduled

 

    32 

     

    

payments
of interest thereon (exclusive of interest accrued to the date of redemption) from the redemption date to the Par Call Date, in each
case discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 20 basis points and (b) if the Securities are redeemed on or after the Par Call Date, 100% of the principal amount of such
Securities; plus, in each case, accrued and unpaid interest thereon to the date of redemption.

 

“Treasury Rate” means, with
respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated (on a day count
basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such redemption date.

 

“Comparable Treasury Issue”
means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated
maturity comparable to the remaining term of the Securities to be redeemed calculated as if the maturity date of such Securities were
the applicable Par Call Date (the “Remaining Life”) that would be utilized, at the time of selection and in accordance
with customary financial practice.

 

“Independent Investment Banker”
means one of the Reference Treasury Dealers appointed by the Issuer.

 

“Comparable Treasury Price”
means, with respect to any redemption date, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotation or (ii) if the Independent Investment Banker obtains fewer than
four such Reference Treasury Dealer Quotations, the average of all such quotations.

 

“Reference Treasury Dealer”
means each of Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc.,
J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC or their affiliates which are primary United States
government securities dealers and their respective successors; provided, however, that if any of the foregoing shall cease
to be a primary United States government securities dealer in the United States (a “Primary Treasury Dealer”), the
Issuer will substitute therefor another Primary Treasury Dealer.

 

“Reference Treasury Dealer Quotation”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment
Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in case as a percentage of its principal amount) quoted
in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 pm New York time on the third business day preceding
such redemption date.

 

On and after the redemption date, interest will
cease to accrue on the Securities or any portion of the Securities called for redemption (unless the Issuer defaults in the payment of
the redemption price and accrued interest). On or before the redemption date, the Issuer will deposit with the Trustee money sufficient
to pay the redemption price of and (unless the redemption date shall be an Interest Payment Date) accrued interest to the

 

    33 

     

    

redemption date on the Securities to be redeemed on such date. If less
than all of the Securities are to be redeemed, the Securities to be redeemed shall be selected by the Trustee by such method as the Trustee
shall deem fair and appropriate (provided that Securities represented by a Global Security will be selected for redemption by the Depositary
in accordance with its standard procedures therefor).

 

13.       Defaults
and Remedies.

 

If an Event of Default (other than certain bankruptcy
Events of Default with respect to the Issuer or any of the Guarantors) occurs and is continuing, the Trustee or the Holders of at least
25% in aggregate principal amount of Securities then outstanding may declare all of the Securities to be due and payable immediately in
the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Issuer or any of the Guarantors
occurs and is continuing, all the Securities shall be immediately due and payable immediately in the manner and with the effect provided
in the Indenture without any notice or other action on the part of the Trustee or any Holder. Holders of Securities may not enforce the
Indenture, the Securities or the Guarantees except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture,
the Securities or the Guarantees unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations
therein provided, Holders of a majority in aggregate principal amount of the Securities then outstanding to direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of
Default if it determines that withholding notice is in their interest.

 

14.       Trustee
Dealings with Issuer.

 

The Trustee under the Indenture, in its individual
or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Issuer as if it were not the Trustee.

 

15.       No
Recourse Against Others.

 

No stockholder, director, officer, employee or
incorporator, as such, of the Issuer, any Guarantor or any successor Person thereof shall have any liability for any obligation under
the Securities, the Guarantees or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation.
Each Holder of a Security by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration
for the issuance of the Securities.

 

16.       Authentication.

 

This Security shall not be valid until the Trustee
manually signs the certificate of authentication on this Security.

 

    34 

     

    

17.       Abbreviations
and Defined Terms.

 

Customary abbreviations may be used in the name
of a Holder of a Security or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

18.       CUSIP
Numbers.

 

Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities as a convenience
to the Holders of the Securities. No representation is made as to the accuracy of such numbers as printed on the Securities and reliance
may be placed only on the other identification numbers printed hereon.

 

19.       Governing
Law.

 

The laws of the State of New York shall govern
the Indenture and this Security thereof.

 

    35 

     

    

ASSIGNMENT FORM

 

I or we assign and transfer this Security to

 

 

(Print or type name, address and zip code of assignee
or transferee)

 

 

(Insert Social Security or other identifying number
of assignee or transferee)

 

and irrevocably appoint_________________________________________ agent
to transfer this Security on the books of the Issuer. The agent may substitute another to act for him.

 

	Dated: _______________________	 	Signed: _______________________
	 	 	 	(Signed exactly as name appears 
	 	 	 	on the other side of this Security)

 

 

	Signature Guarantee:  	 	 
	 	 	Participant in a recognized Signature Guarantee 
	 	 	Medallion Program (or other signature guarantor 
	 	 	program reasonably acceptable to the Trustee)

    36 

     

    

FORM OF CERTIFICATE OF TRANSFER

 

Comcast Corporation

One Comcast Center 

Philadelphia, Pennsylvania 19103-2838

 

The Bank of New York Mellon

240 Greenwich Street, Floor 7E 

New York, NY 10286

Fax: (212) 815-5595

 

		Re:	[ ]% Notes due [ ]

 

Reference is hereby made to the indenture dated as
of September 18, 2013, by and among Comcast Corporation, the guarantors named therein and The Bank of New York Mellon, as trustee, as
supplemented by the First Supplemental Indenture dated as of November 17, 2015 (as amended, the “Indenture”). Capitalized
terms used but not defined herein shall have the meanings given to them in the Indenture.

 

_______________ (the “Transferor”)
owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $___________
in such Note[s] or interests (the “Transfer”), to _______________ (the “Transferee”), as further
specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

 

[CHECK ALL THAT APPLY]

 

1.       [  ]
CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE 144A GLOBAL NOTE PURSUANT TO RULE 144A. The Transfer is being effected
pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”),
and, accordingly, the Transferor hereby further certifies that the beneficial interest is being transferred to a Person that the Transferor
reasonably believes is purchasing the beneficial interest for its own account, or for one or more accounts with respect to which such
Person exercises sole investment discretion, and the Transferor reasonably believes such Person and each such account is a “qualified
institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is
in compliance with all applicable securities laws of the United States and other jurisdictions.

 

2.       [  ]
CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE REGULATION S GLOBAL NOTE PURSUANT TO REGULATION S. The Transfer
is being effected pursuant to and in accordance with Rule 903 or Rule 904 of Regulation S under the Securities Act or Rule 144 (if available)
and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and
(x) at the time the buy order was originated, the

 

    37 

     

    

Transferee
was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee
was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities
market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the
United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of
Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of
the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is
not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser) and the interest transferred
will be held immediately thereafter through Euroclear or Clearstream. Upon consummation of the proposed transfer in accordance with the
terms of the Indenture, the transferred beneficial interest will be subject to the restrictions on transfer enumerated in the Indenture
and the Securities Act.

 

    38 

     

    

This certificate and the statements contained herein
are made for your benefit and the benefit of the Issuer.

 

	 	[Insert Name of Transferor]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

Dated: _______________________

 

Signature Guarantee*: __________________________

 

__________________

* Participant in a recognized Signature Guarantee Medallion Program
(or other signature guarantor acceptable to the Trustee).

 

    39 

     

    

ANNEX A TO CERTIFICATE OF TRANSFER

 

1.       The Transferor
owns and proposes to transfer the following:

 

[CHECK ONE]

 

		(a)	[  ] a beneficial interest in the:

 

		(i)	[  ] 144A Global Note (CUSIP [ ]), or

 

		(ii)	[  ] Regulation S Global Note (CUSIP [ ]), or

 

2.       After
the Transfer the Transferee will hold:

 

[CHECK ONE]

 

		(a)	[  ] a beneficial interest in the:

 

		(i)	[  ] 144A Global Note (CUSIP [ ]), or

 

(ii)       [  ]
Regulation S Global Note (CUSIP [ ])

    40 

     

    

SCHEDULE OF EXCHANGES OF NOTES

 

The following exchanges of a part of this Global
Security for certificated Notes or a part of another Global Security have been made:

 

	
    Date of Exchange

	
    Amount of decrease

    in Principal Amount of this Global Security

	
    Amount of increase

    in Principal

    Amount of this

    Global Security

	
    Principal Amount
    of

    this Global Security

    following such

    decrease or increase

	
    Signature of
    authorized signatory of Trustee

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    41 

     

    

EXHIBIT C

 

[FORM OF NOTE DUE 2063]

 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES
IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS
SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF
SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF REPRESENTS THAT
IT IS (1) A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) OR (2) NOT A U.S. PERSON AND
IS ACQUIRING ITS NOTE IN AN “OFFSHORE TRANSACTION” PURSUANT TO RULE 904 OF REGULATION S UNDER THE SECURITIES ACT.

 

THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF COMCAST CORPORATION
THAT (A) PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) WHICH IS ONE YEAR AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR
OF SUCH SECURITY), THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A, (II) PURSUANT TO AN EXEMPTION FROM

 

    42 

     

    

REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER
(IF AVAILABLE), (III) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION
S UNDER THE SECURITIES ACT, (IV) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF SUBPARAGRAPH (a)(1), (2),
(3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL
“ACCREDITED INVESTOR,” FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION
IN VIOLATION OF THE SECURITIES ACT, (V) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT OR (VI) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE
WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED
TO, NOTIFY ANY PURCHASER OF THIS SECURITY OF THE RESALE RESTRICTIONS REFERRED TO IN CLAUSE (A) ABOVE. THIS LEGEND WILL BE REMOVED UPON
THE EARLIER OF THE TRANSFER OF THIS SECURITY PURSUANT TO CLAUSE (A)(VI) ABOVE OR REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER THE TRANSFER OF THIS SECURITY IN VIOLATION OF THE
FOREGOING RESTRICTION.

 

[IN THE CASE OF REGULATION S NOTES: UNTIL 40 DAYS AFTER THE LATER OF
COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF NOTES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES
ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE
144A THEREUNDER.]

 

    43 

     

    

COMCAST CORPORATION

 

2.987% Note due 2063

 

	No. [A][R]-[  ]	CUSIP No.: [  ]
	                                                                                                	 ISIN No.: [  ]
	 	$[  ]

 

COMCAST CORPORATION, a Pennsylvania corporation
(the “Issuer”, which term includes any successor corporation), for value received promises to pay to CEDE & CO.
or registered assigns, the principal sum of $[ ] ([ ] Dollars) on November 1, 2063.

 

Interest Payment Dates: May 1 and November 1 (each,
an “Interest Payment Date”), commencing on November 1, 2021.

 

Interest Record Dates: April 15 and October 15
(each, an “Interest Record Date”).

 

Reference is made to the further provisions of
this Security contained herein, which will for all purposes have the same effect as if set forth at this place.

 

    44 

     

    

IN WITNESS WHEREOF, the Issuer has caused this
Security to be signed manually or by facsimile by its duly authorized officer under its corporate seal.

 

	 	COMCAST CORPORATION	 
	 	 	 
	 	 	 	 	 
	 	By:	 	 
	 	 	Name: 	Jason S. Armstrong	 
	 	 	Title:	 Executive Vice President and  Treasurer	 

[Seal of Comcast Corporation]

 

Attest:

 

	By:		 	 
	 	Name:	Elizabeth Wideman	 
	 	Title:	Senior Vice President, Senior Deputy General Counsel and Assistant Secretary 	 

 

 

    45 

     

    

This is one of the series designated herein and
referred to in the within-mentioned Indenture.

 

Dated: August 19, 2021

 

 

	 	THE BANK OF NEW YORK MELLON, 
	 	as Trustee
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Authorized Signatory 

 

    46 

     

    

(REVERSE OF SECURITY)

 

COMCAST CORPORATION

 

2.987% Note due 2063

 

1.       Interest.

 

COMCAST CORPORATION, a Pennsylvania corporation
(the “Issuer”), promises to pay interest on the principal amount of this Security at the rate per annum shown above.
Cash interest on the Securities will accrue from the most recent date to which interest has been paid or, if no interest has been paid,
from August 19, 2021. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 1, 2021.
Interest will be computed on the basis of a 360-day year of twelve 30-day months.

 

The Issuer shall pay interest on overdue principal
from time to time on demand at the rate borne by the Securities and on overdue installments of interest (without regard to any applicable
grace periods) to the extent lawful. The Issuer shall pay such additional interest as may be payable pursuant to the Registration Rights
Agreement, dated August 19, 2021 (the “Registration Rights Agreement”), among the Company, the Guarantors and the joint-lead
dealer managers party thereto. The Holders of this Security are entitled to the benefits of the Registration Rights Agreement.

 

2.       Method
of Payment.

 

The Issuer shall pay interest on the Securities
(except defaulted interest) to the persons who are the registered Holders at the close of business on the Interest Record Date immediately
preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security subsequent to such Interest Record Date
and prior to such Interest Payment Date. Holders must surrender Securities to The Bank of New York Mellon (the “Trustee”)
to collect principal payments. The Issuer shall pay principal and interest in money of the United States that at the time of payment is
legal tender for payment of public and private debts (“U.S. Legal Tender”). However, the payments of interest, and
any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of principal)
shall be made by the Paying Agent, upon receipt from the Issuer of immediately available funds by 11:00 a.m., New York City time (or such
other time as may be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder (by Federal funds wire transfer
or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment date requesting that such
payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of principal
surrenders the same to the Trustee in exchange for a Security or Securities aggregating the same principal amount as the unredeemed principal
amount of the Securities surrendered.

 

    47 

     

    

3.       Paying
Agent.

 

Initially, the Trustee will act as Paying Agent.
The Issuer may change any Paying Agent without notice to the Holders.

 

4.       Indenture.

 

The Issuer issued the Securities under an Indenture
dated as of September 18, 2013, by and among the Issuer, the guarantors named therein and the Trustee, as amended by the First Supplemental
Indenture dated as of November 17, 2015, by and among the Issuer, the guarantors named therein (the “Guarantors”) and
the Trustee (as amended, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise
defined herein. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in effect on the date of the Indenture
until such time as the Indenture is qualified under the TIA, and thereafter as in effect on the date on which the Indenture is qualified
under the TIA. Notwithstanding anything to the contrary herein, the Securities are subject to all such terms, and Holders of Securities
are referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this Security are inconsistent,
the terms of the Indenture shall govern. This note is a “Security” and the notes are “Securities”
under the Indenture.

 

5.       Guarantees.

 

Each Guarantor has irrevocably, fully and unconditionally
guaranteed, jointly and severally, on an unsecured basis, the full and punctual payment (whether at maturity, upon redemption or otherwise)
of the principal of and interest on, and all other amounts payable under, the Securities, and the full and punctual payment of all other
amounts payable by the Issuer under the Indenture, subject to certain terms and conditions set forth in the Indenture.

 

6.       Denominations;
Transfer; Exchange.

 

The Securities are in registered form, without
coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall register the transfer of or exchange Securities
in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture.
The Issuer need not issue, authenticate, register the transfer of or exchange any Securities or portions thereof for a period of fifteen
(15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange any security selected for
redemption in whole or in part.

 

7.       Persons
Deemed Owners.

 

The registered Holder of a Security shall be treated
as the owner of it for all purposes.

 

    48 

     

    

8.       Unclaimed
Funds.

 

If funds for the payment of principal or interest
remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Issuer at its written request. After that,
all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

 

9.       Legal
Defeasance and Covenant Defeasance.

 

The Issuer and the Guarantors may be discharged
from their respective obligations under the Securities and under the Indenture with respect to the Securities except for certain provisions
thereof, and may be discharged from obligations to comply with certain covenants contained in the Securities and in the Indenture with
respect to the Securities, in each case upon satisfaction of certain conditions specified in the Indenture.

 

10.       Amendment;
Supplement; Waiver.

 

Subject to certain exceptions, the Securities and
the provisions of the Indenture relating to the Securities may be amended or supplemented with the written consent of the Holders of at
least a majority in aggregate principal amount of the Securities then outstanding, and any existing Default or Event of Default or compliance
with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of the Securities then
outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Securities
to, among other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Securities in addition to or in place
of certificated Securities or comply with any requirements of the Commission in connection with the qualification of the Indenture under
the TIA, or make any other change that does not adversely affect the rights of any Holder of a Security.

 

11.       Restrictive
Covenants.

 

The Indenture contains certain covenants that,
among other things, limit the ability of the Issuer and the Guarantors to incur liens securing indebtedness, or to enter into sale and
leaseback transactions, and of the Issuer to merge or sell all or substantially all of its assets. The limitations are subject to a number
of important qualifications and exceptions. The Issuer must annually report to the Trustee on compliance with such limitations.

 

12.       Redemption.

 

The Issuer will have the right at its option to
redeem any of the Securities in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not
more than 60 days, prior notice transmitted to the registered address of each Holder of the Securities, at the applicable Redemption Price.

 

“Redemption Price” means (a)
at any time prior to May 1, 2063 (the “Par Call Date”), the greater of (i) 100% of the principal amount of such Securities
and (ii) the sum of the present values of the principal amount of such Securities and the scheduled

 

    49 

     

    

payments
of interest thereon (exclusive of interest accrued to the date of redemption) from the redemption date to the Par Call Date, in each
case discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 20 basis points and (b) if the Securities are redeemed on or after the Par Call Date, 100% of the principal amount of such
Securities; plus, in each case, accrued and unpaid interest thereon to the date of redemption.

 

“Treasury Rate” means, with
respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated (on a day count
basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such redemption date.

 

“Comparable Treasury Issue”
means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated
maturity comparable to the remaining term of the Securities to be redeemed calculated as if the maturity date of such Securities were
the applicable Par Call Date (the “Remaining Life”) that would be utilized, at the time of selection and in accordance
with customary financial practice.

 

“Independent Investment Banker”
means one of the Reference Treasury Dealers appointed by the Issuer.

 

“Comparable Treasury Price”
means, with respect to any redemption date, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotation or (ii) if the Independent Investment Banker obtains fewer than
four such Reference Treasury Dealer Quotations, the average of all such quotations.

 

“Reference Treasury Dealer”
means each of Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc.,
J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC or their affiliates which are primary United States
government securities dealers and their respective successors; provided, however, that if any of the foregoing shall cease
to be a primary United States government securities dealer in the United States (a “Primary Treasury Dealer”), the
Issuer will substitute therefor another Primary Treasury Dealer.

 

“Reference Treasury Dealer Quotation”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment
Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in case as a percentage of its principal amount) quoted
in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 pm New York time on the third business day preceding
such redemption date.

 

On and after the redemption date, interest will
cease to accrue on the Securities or any portion of the Securities called for redemption (unless the Issuer defaults in the payment of
the redemption price and accrued interest). On or before the redemption date, the Issuer will deposit with the Trustee money sufficient
to pay the redemption price of and (unless the redemption date shall be an Interest Payment Date) accrued interest to the

 

    50 

     

    

redemption date on the Securities to be redeemed on such date. If less
than all of the Securities are to be redeemed, the Securities to be redeemed shall be selected by the Trustee by such method as the Trustee
shall deem fair and appropriate (provided that Securities represented by a Global Security will be selected for redemption by the Depositary
in accordance with its standard procedures therefor).

 

13.       Defaults
and Remedies.

 

If an Event of Default (other than certain bankruptcy
Events of Default with respect to the Issuer or any of the Guarantors) occurs and is continuing, the Trustee or the Holders of at least
25% in aggregate principal amount of Securities then outstanding may declare all of the Securities to be due and payable immediately in
the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Issuer or any of the Guarantors
occurs and is continuing, all the Securities shall be immediately due and payable immediately in the manner and with the effect provided
in the Indenture without any notice or other action on the part of the Trustee or any Holder. Holders of Securities may not enforce the
Indenture, the Securities or the Guarantees except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture,
the Securities or the Guarantees unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations
therein provided, Holders of a majority in aggregate principal amount of the Securities then outstanding to direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of
Default if it determines that withholding notice is in their interest.

 

14.       Trustee
Dealings with Issuer.

 

The Trustee under the Indenture, in its individual
or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Issuer as if it were not the Trustee.

 

15.       No
Recourse Against Others.

 

No stockholder, director, officer, employee or
incorporator, as such, of the Issuer, any Guarantor or any successor Person thereof shall have any liability for any obligation under
the Securities, the Guarantees or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation.
Each Holder of a Security by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration
for the issuance of the Securities.

 

16.       Authentication.

 

This Security shall not be valid until the Trustee
manually signs the certificate of authentication on this Security.

 

    51 

     

    

17.       Abbreviations
and Defined Terms.

 

Customary abbreviations may be used in the name
of a Holder of a Security or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

18.       CUSIP
Numbers.

 

Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities as a convenience
to the Holders of the Securities. No representation is made as to the accuracy of such numbers as printed on the Securities and reliance
may be placed only on the other identification numbers printed hereon.

 

19.       Governing
Law.

 

The laws of the State of New York shall govern
the Indenture and this Security thereof.

 

    52 

     

    

ASSIGNMENT FORM

 

I or we assign and transfer this Security to

 

 

(Print or type name, address and zip code of assignee
or transferee)

 

 

 

 

(Insert Social Security or other identifying number
of assignee or transferee)

 

 

 

and irrevocably appoint_________________________________________ agent
to transfer this Security on the books of the Issuer. The agent may substitute another to act for him.

 

	Dated: _______________________	 	Signed: _______________________
	 	 	 	(Signed exactly as name appears 
	 	 	 	on the other side of this Security)

 

 

	Signature Guarantee:  	 	 
	 	 	Participant in a recognized Signature Guarantee 
	 	 	Medallion Program (or other signature guarantor 
	 	 	program reasonably acceptable to the Trustee)

 

 

    53 

     

    

FORM OF CERTIFICATE OF TRANSFER

 

Comcast Corporation

One Comcast Center 

Philadelphia, Pennsylvania 19103-2838

 

The Bank of New York Mellon

240 Greenwich Street, Floor 7E 

New York, NY 10286

Fax: (212) 815-5595

 

 

		Re:	[ ]% Notes due [ ]

 

Reference is hereby made to the indenture dated as
of September 18, 2013, by and among Comcast Corporation, the guarantors named therein and The Bank of New York Mellon, as trustee, as
supplemented by the First Supplemental Indenture dated as of November 17, 2015 (as amended, the “Indenture”). Capitalized
terms used but not defined herein shall have the meanings given to them in the Indenture.

 

_______________ (the “Transferor”)
owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $___________
in such Note[s] or interests (the “Transfer”), to _______________ (the “Transferee”), as further
specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

 

[CHECK ALL THAT APPLY]

 

1.       [  ]
CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE 144A GLOBAL NOTE PURSUANT TO RULE 144A. The Transfer is being effected
pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”),
and, accordingly, the Transferor hereby further certifies that the beneficial interest is being transferred to a Person that the Transferor
reasonably believes is purchasing the beneficial interest for its own account, or for one or more accounts with respect to which such
Person exercises sole investment discretion, and the Transferor reasonably believes such Person and each such account is a “qualified
institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is
in compliance with all applicable securities laws of the United States and other jurisdictions.

 

2.       [  ]
CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE REGULATION S GLOBAL NOTE PURSUANT TO REGULATION S. The Transfer
is being effected pursuant to and in accordance with Rule 903 or Rule 904 of Regulation S under the Securities Act or Rule 144 (if available)
and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and
(x) at the time the buy order was originated, the

 

    54 

     

    

Transferee
was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee
was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities
market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the
United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of
Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of
the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is
not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser) and the interest transferred
will be held immediately thereafter through Euroclear or Clearstream. Upon consummation of the proposed transfer in accordance with the
terms of the Indenture, the transferred beneficial interest will be subject to the restrictions on transfer enumerated in the Indenture
and the Securities Act.

 

    55 

     

    

This certificate and the statements contained herein
are made for your benefit and the benefit of the Issuer.

 

	 	[Insert Name of Transferor]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

Dated: _______________________

 

Signature Guarantee*: __________________________

 

__________________

* Participant in a recognized Signature Guarantee Medallion Program
(or other signature guarantor acceptable to the Trustee).

 

    56 

     

    

ANNEX A TO CERTIFICATE OF TRANSFER

 

1.       The Transferor
owns and proposes to transfer the following:

 

[CHECK ONE]

 

		(a)	[  ] a beneficial interest in the:

 

		(i)	[  ] 144A Global Note (CUSIP [ ]), or

 

		(ii)	[  ] Regulation S Global Note (CUSIP [ ]), or

 

2.       After
the Transfer the Transferee will hold:

 

[CHECK ONE]

 

		(a)	[  ] a beneficial interest in the:

 

		(i)	[  ] 144A Global Note (CUSIP [ ]), or

 

(ii)       [  ]
Regulation S Global Note (CUSIP [ ])

    57 

     

    

SCHEDULE OF EXCHANGES OF NOTES

 

The following exchanges of a part of this Global
Security for certificated Notes or a part of another Global Security have been made:

 

	
    Date of Exchange

	
    Amount of decrease

    in Principal Amount of this Global Security

	
    Amount of increase

    in Principal

    Amount of this

    Global Security

	
    Principal Amount
    of

    this Global Security

    following such

    decrease or increase

	
    Signature of
    authorized signatory of Trustee

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    58Exhibit 4.2

 

Comcast Corporation

 

$4,999,854,000 2.887% Notes due 2051

$5,999,998,000 2.937% Notes due 2056

$4,000,000,000 2.987% Notes due 2063

 

 

 

 

REGISTRATION RIGHTS AGREEMENT

 

August 19, 2021

 

To the Parties Listed on Schedule I

 

Ladies and Gentlemen:

 

Comcast Corporation, a Pennsylvania corporation
(the “Company”), and NBCUniversal Media, LLC, a Delaware limited liability company (“NBCUniversal”),
have made offers to exchange (a) the ten series of notes described in the first table set forth on Schedule II hereto issued by the Company
and NBCUniversal (the “Pool 1 Notes”), for a new series of the Company’s senior notes due November 1, 2051 (the
“New 2051 Notes”) and cash, (b) the six series of notes described in the second table set forth on Schedule II hereto
issued by the Company and NBCUniversal (the “Pool 2 Notes”), for a new series of the Company’s senior notes due
November 1, 2056 (the “New 2056 Notes”) and cash and (c) the three series of notes described in the third table set
forth on Schedule II hereto issued by the Company (the “Pool 3 Notes”), for a new series of the Company’s senior
notes due November 1, 2063 (the “New 2063 Notes” and, together with the New 2051 Notes, and the New 2056 Notes, the
“Initial Securities”) and cash, each guaranteed on an unsecured, unsubordinated basis by NBCUniversal and Comcast Cable
Communications, LLC (together with NBCUniversal, the “Guarantors”), as set forth in the Offering Memorandum, dated
August 2, 2021 (the “Offering Memorandum”), related thereto. The Initial Securities will be issued upon the terms set
forth in the Offering Memorandum, for which the parties listed on Schedule I (the “Joint Lead Dealer Managers”), and
the entities that executed the Joinder Agreement (as defined below) (the “Co-Dealer Managers” and, together with the
Joint Lead Dealer Managers, the “Dealer Managers”), hereto have severally agreed to act as dealer managers, pursuant
to a dealer manager agreement, dated as of August 2, 2021 (as supplemented by that certain joinder agreement, dated August 9, 2021 (the
“Joinder Agreement”), the “Manager Agreement”), among the Company, the Guarantors and the several
Dealer Managers. The Initial Securities will be issued pursuant to an Indenture, dated as of September 18, 2013, entered into among the
Company, the guarantors named therein and The Bank of New York Mellon, as trustee, as amended by the first supplemental indenture dated
as of November 17, 2015, entered into among the Company, the guarantors named therein, and The Bank of New York Mellon, as trustee (the
“Trustee”) (as amended, the “Indenture”). As an inducement to the Dealer Managers, the Company and
the Guarantors agree with the Dealer Managers, for the benefit of the holders of the Initial Securities and the Exchange Securities (as
defined below) (collectively the “Holders”), as follows:

 

1.  Registered
Exchange Offer

 

The Company and the Guarantors shall use their
commercially reasonable efforts to, at their own cost, prepare and file with the Securities and Exchange Commission (the “Commission”)
a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form under the Securities
Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange
Offer”) to the Holders of Transfer Restricted Securities (as defined in Section 6 hereof), who are not prohibited by any law
or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for
the Initial Securities, a like aggregate principal amount of debt securities (the “Exchange Securities”, and together
with the Initial Securities, the “Securities”) of the Company issued under the Indenture and identical in all material
respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the provisions relating
to the matters described in Section 6 hereof) that would be registered under the Securities Act. The Company and the Guarantors shall
use their commercially reasonable efforts to cause such Exchange Offer Registration Statement to become effective under the Securities
Act within 330 days (or if the 330th day is not a business day, the first business day thereafter) after the date of original issue of
the Initial Securities (the “Issue Date”) and shall keep the Exchange Offer Registration Statement effective for not
less than 30 business days (or

 

     

     

    

longer,
if required by applicable law) after commencement of the Registered Exchange Offer (such period being called the “Exchange Offer
Registration Period”).

 

The Company and the Guarantors will use their
commercially reasonable efforts to complete the Registered Exchange Offer not later than 360 days after the Issue Date.

 

If the Company and the Guarantors effect the Registered
Exchange Offer, the Company and the Guarantors will be entitled to close the Registered Exchange Offer 20 business days after the commencement
thereof provided that the Company and the Guarantors have accepted all the Initial Securities theretofore validly tendered and not properly
withdrawn in accordance with the terms of the Registered Exchange Offer.

 

Following the declaration of the effectiveness
of the Exchange Offer Registration Statement, the Company and the Guarantors shall promptly commence the Registered Exchange Offer (but
in any event not later than 30 days after such effectiveness), it being the objective of such Registered Exchange Offer to enable each
Holder of Transfer Restricted Securities electing to exchange the Initial Securities for Exchange Securities (assuming that such Holder
is not an affiliate of the Company or any Guarantor within the meaning of the Securities Act, acquires the Exchange Securities in the
ordinary course of such Holder’s business and has no arrangements with any person to participate in the distribution of the Exchange
Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade
such Exchange Securities from and after their receipt without any limitations or restrictions under the Securities Act.

 

The Company and the Guarantors acknowledge that,
pursuant to current interpretations by the Commission’s staff of Section 5 of the Securities Act, in the absence of an applicable
exemption therefrom, each Holder which is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result
of market making activities or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required
to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the “Description
of the Exchange Offer” or similar section, and (c) Annex C hereto in the “Plan of Distribution” section of
such prospectus in connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered
Exchange Offer.

 

The Company and the Guarantors shall use their
commercially reasonable efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the prospectus
contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements
of the Securities Act for such period of time as such persons must comply with such requirements in order to resell the Exchange Securities;
provided, however, that in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer
or a Dealer Manager, such period shall be the lesser of 90 days and the date on which all Exchanging Dealers and the Dealer Managers have
sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(f) below).

 

In connection with the Registered Exchange Offer,
the Company and the Guarantors shall:

 

(a)  send
to each Holder an electronic copy of the prospectus forming part of the Exchange Offer Registration Statement, together with any letter
of transmittal used in connection with the Registered Exchange Offer and related documents;

 

(b)  utilize
the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York, which
may be the Trustee or an affiliate of the Trustee;

 

(c)  permit
Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last business day on which the
Registered Exchange Offer shall remain open; and

 

(d)  otherwise
comply with all applicable laws.

 

As soon as practicable after the close of the
Registered Exchange Offer, the Company and the Guarantors shall:

 

(a)  accept
for exchange all the Initial Securities validly tendered and not withdrawn pursuant to the Registered Exchange Offer;

 

(b)  deliver
to the Trustee for cancellation all the Initial Securities so accepted for exchange; and

 

    2 

     

    

(c)  cause
the Trustee to authenticate and deliver promptly to each Holder of the Initial Securities Exchange Securities equal in principal amount
to the Initial Securities of such Holder so accepted for exchange.

 

Each Holder participating in the Registered Exchange
Offer shall be required to represent to the Company and the Guarantors that at the time of the consummation of the Registered Exchange
Offer (i) any Initial Securities being exchanged by such Holder, and any Exchange Securities received by such Holder, have been or will
be acquired in the ordinary course of business, (ii) such Holder is not engaged and does not intend to engage in and will have no arrangements
or understanding with any person to participate in the distribution of the Initial Securities or the Exchange Securities within the meaning
of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the
Company or any Guarantor or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements
of the Securities Act to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend
to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities
for its own account in exchange for Initial Securities that were acquired as a result of market-making activities or other trading activities
and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities.

 

2.  Shelf
Registration

 

If, (i) because of any change in law or in applicable
interpretations thereof by the staff of the Commission, the Company and the Guarantors determine that they are not permitted to effect
a Registered Exchange Offer, as contemplated by Section 1 hereof, (ii) the Registered Exchange Offer is not consummated within 360 days
of the Issue Date, (iii) any Holder (other than as a result of the status of any such Holder as an “affiliate” of the
Company or any Guarantor or as a broker-dealer) notifies the Company and the Guarantors prior to the 20th day following completion of
the Registered Exchange Offer that it is not eligible to participate in the Registered Exchange Offer or, in the case of any Holder that
participates in the Registered Exchange Offer, such Holder does not receive freely tradeable Exchange Securities on the date of the exchange
(it being understood that the requirement that an Exchanging Dealer deliver a prospectus containing the information set forth in (a) Annex
A hereto on the cover, (b) Annex B hereto in the “Description of the Exchange Offer” or similar section, and (c) Annex
C hereto in the “Plan of Distribution” in connection with a sale of any such Exchange Securities received by such Exchanging
Dealer pursuant to the Registered Exchange Offer shall not result in such Exchange Securities being not “freely transferable”),
or (iv) the Company and the Guarantors so elect, the Company and the Guarantors shall, at their reasonable costs, take the following actions:

 

(a)  The
Company and the Guarantors shall, as promptly as practicable (but in no event more than 180 days after so required or requested pursuant
to this Section 2) file with the Commission and thereafter shall use their commercially reasonable efforts to cause to be declared effective
(unless it becomes effective automatically upon filing), within 270 days after the Company and the Guarantors are so required or requested
pursuant to this Section 2, a registration statement (the “Shelf Registration Statement” and, together with the Exchange
Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act relating
to the offer and sale of the Transfer Restricted Securities (as defined in Section 6 hereof) by the Holders thereof from time to time
in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter,
the “Shelf Registration”) or, if permitted by 430B under the Securities Act, otherwise designate an existing effective
Shelf Registration Statement for use by the Holders as a Shelf Registration Statement relating to the resales of the Transfer Restricted
Securities; provided, however, that no Holder (other than a Dealer Manager) shall be entitled to have the Securities held by it covered
by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable
to such Holder.

 

(b)  The
Company and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective
in order to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, for a period of
one year (or for such longer period if extended pursuant to Section 3(f) below) from effectiveness of the Shelf Registration Statement
or such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement have been sold pursuant
thereto.

 

3.  Registration
Procedures

 

In connection with any Shelf Registration contemplated
by Section 2 hereof and, to the extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions
shall apply:

 

    3 

     

    

(a)  The
Company and the Guarantors shall (i) include the information set forth in Annex A hereto on the cover, in Annex B hereto in the “Description
of the Exchange Offer” or similar section and in Annex C hereto in the “Plan of Distribution” section of
the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in
any Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (ii) include within the prospectus contained in the Exchange
Offer Registration Statement a section entitled “Plan of Distribution,” which shall contain a summary statement of
the positions taken or policies made by the staff of the Commission with respect to the potential “underwriter” status
of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating
Broker-Dealer”); and (iv) in the case of a Shelf Registration Statement, include in the prospectus included in the Shelf Registration
Statement (or, if permitted by Commission Rule 430B(b), in a prospectus supplement that becomes a part thereof pursuant to Commission
Rule 430B(f)) that is delivered to any Holder pursuant to Section 3(d), the names of the Holders, who propose to sell Securities pursuant
to the Shelf Registration Statement, as selling security holders.

 

(b)  The
Company and the Guarantors shall give notice to the Dealer Managers, the Holders of the Securities (in case of any Shelf Registration
Statement) and any Participating Broker-Dealer from whom the Company and the Guarantors have received prior written notice that it will
be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses (i)-(iv) hereof shall be accompanied
by an instruction to suspend the use of the prospectus until the requisite changes have been made):

 

(i)  when
the Registration Statement or any amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective
amendment thereto has become effective;

 

(ii)  of
any request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein;

 

(iii)  of
the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings
for that purpose and of the happening of any event that causes the Company or any Guarantor to become an “ineligible issuer,”
as defined in Commission Rule 405;

 

(iv)  of
the receipt by the Company and the Guarantors or their legal counsel of any notification with respect to the suspension of the qualification
of the Securities for sale in any jurisdiction or the initiation or overtly threatening of any proceeding for such purpose.

 

(c)  The
Company and the Guarantors shall use commercially reasonable effort to obtain the withdrawal at the earliest possible time, of any order
suspending the effectiveness of the Registration Statement.

 

(d)  The
Company and the Guarantors shall, during the Shelf Registration Period, deliver to each Holder of Securities included within the coverage
of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf
Registration Statement and any amendment or supplement thereto as such person may reasonably request. The Company and the Guarantors consent,
subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling
Holders of the Securities in connection with the offering and sale of the Securities covered by the prospectus, or any amendment or supplement
thereto, included in the Shelf Registration Statement.

 

(e)  The
Company and the Guarantors shall deliver to each Dealer Manager, any Exchanging Dealer, any Participating Broker-Dealer and such other
persons required to deliver a prospectus following the Registered Exchange Offer, without charge, as many electronic copies of the final
prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such persons may reasonably
request. The Company and the Guarantors consent, subject to the provisions of this Agreement, to the use of the prospectus or any amendment
or supplement thereto by any Dealer Manager, if necessary, any Participating Broker-Dealer and such other persons required to deliver
a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the
prospectus, or any amendment or supplement thereto, included in such Exchange Offer Registration Statement.

 

(f)  Upon
the occurrence of any event contemplated by paragraphs (i) through (iv) of Section 3(b) above during the period for which the Company
and the Guarantors are required to maintain an effective Registration Statement,

 

    4 

     

    

the Company
and the Guarantors shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the related
prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities,
the prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. The Company and
the Guarantors shall also promptly provide notice to the Dealer Managers, the Holders of the Securities (in case of any Shelf Registration
Statement) and any known Participating Broker-Dealer of their determination to suspend the availability of a Registration Statement and
the related prospectus because the continued effectiveness and use of such Registration Statement and prospectus included therein would
require the disclosure of confidential information or interfere with any acquisition, corporate reorganization or other material transaction
involving the Company and the Guarantors or any of their respective consolidated subsidiaries (it being understood that such notice may
disclose only the existence of such determination and need not disclose the nature of the basis therefor, which may be kept confidential
for such period as may reasonably be required for bona fide business reasons). If the Company and the Guarantors notify the Dealer Managers,
the Holders of the Securities and any known Participating Broker-Dealer in accordance with paragraphs (i) through (iv) of Section 3(b)
above to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the Dealer Managers, the
Holders of the Securities and any such Participating Broker-Dealers shall suspend use of such prospectus, and the period of effectiveness
of the Shelf Registration Statement provided for in Section 2(b) above and the Exchange Offer Registration Statement provided for in
Section 1 above, as applicable, shall each be extended by the number of days from and including the date of the giving of such notice
to and including the date when the Dealer Managers, the Holders of the Securities and any known Participating Broker-Dealer shall have
received such amended or supplemented prospectus pursuant to this Section 3(f). During the period during which the Company and the Guarantors
are required to maintain an effective Shelf Registration Statement pursuant to this Agreement, the Company and the Guarantors will prior
to the three-year expiration of that Shelf Registration Statement file, and use their commercially reasonable efforts to cause to be
declared effective (unless it becomes effective automatically upon filing) within a period that avoids any interruption in the ability
of Holders of Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a new registration statement
relating to the Securities, which shall be deemed the “Shelf Registration Statement” for purposes of this Agreement.

 

(g)  Not
later than the effective date of the applicable Registration Statement, the Company and the Guarantors will provide a CUSIP number for
the Initial Securities or the Exchange Securities, as the case may be, and provide the applicable trustee with printed certificates for
the Initial Securities or the Exchange Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company.

 

(h)  The
Company and the Guarantors will comply in all material respects with all rules and regulations of the Commission to the extent and so
long as they are applicable to the Registered Exchange Offer or the Shelf Registration.

 

(i)  The
Company and the Guarantors shall cause the Indenture to be qualified under the Trust Indenture Act of 1939 (the “Trust Indenture
Act”), as amended, in a timely manner and containing such changes, if any, as shall be necessary for such qualification. In
the event that such qualification would require the appointment of a new trustee under the Indenture, the Company and the Guarantors shall
appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture.

 

(j)  The
Company and the Guarantors may require each Holder of Securities to be sold pursuant to the Shelf Registration Statement to furnish to
the Company and the Guarantors such information regarding the Holder and the distribution of the Securities as the Company and the Guarantors
may from time to time reasonably require for inclusion in the Shelf Registration Statement, and the Company and the Guarantors may exclude
from such registration the Securities of any Holder that fails to furnish such information within a reasonable time after receiving such
request.

 

(k)  The
Company and the Guarantors shall use their commercially reasonable efforts to take all other steps necessary to effect the registration
of the Securities covered by a Registration Statement contemplated hereby.

 

4.  Registration
Expenses

 

The Company and the Guarantors shall bear all
fees and expenses incurred in connection with the performance of their obligations under Sections 1 through 3 hereof.

 

    5 

     

    

5.  Indemnification

 

(a)  The
Company and the Guarantors agree to indemnify and hold harmless each Holder of the Securities, any Participating Broker-Dealer and each
person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act (each Holder, any
Participating Broker-Dealer and such controlling persons are referred to collectively as the “Indemnified Parties”)
from and against any loss, claim, damage or liability, joint or several, and any action in respect thereof, to which that Indemnified
Party may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action arises out of,
or is based upon, any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement at any time
or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or “issuer free writing prospectus,”
as defined in Commission Rule 433 (“Issuer FWP”), or arises out of, or is based upon, the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse
each Indemnified Party for any legal and other expenses reasonably incurred by that Holder, Participating Broker-Dealer or controlling
person in investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as such expenses
are incurred (but no more frequently than annually); provided, however, that (i) the Company and the Guarantors shall not be liable in
any such case to the extent that such loss, claim, damage or liability arises out of or is based upon any untrue statement or alleged
untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto
or in any preliminary prospectus or Issuer FWP in reliance upon and in conformity with written information furnished to the Company and
the Guarantors by or on behalf of such Holder or Participating Broker-Dealer specifically for inclusion therein and (ii) with respect
to any untrue statement or omission or alleged untrue statement or omission made in any preliminary prospectus relating to a Shelf Registration
Statement, the indemnity agreement contained in this subsection (a) shall not inure to the benefit of any Holder or Participating Broker-Dealer
from whom the person asserting any such losses, claims, damages or liabilities purchased the Securities concerned, to the extent that
a prospectus relating to such Securities was required to be delivered (including through satisfaction of the conditions of Commission
Rule 172) by such Holder or Participating Broker-Dealer under the Securities Act in connection with such purchase and any such loss, claim,
damage or liability of such Holder or Participating Broker-Dealer results from the fact that there was not conveyed to such person, at
or prior to the time of the sale of such Securities to such person, an amended or supplemented prospectus or, if permitted by Section
3(d), an Issuer FWP correcting such untrue statement or omission or alleged untrue statement or omission if the Company and the Guarantors
had previously furnished copies thereof to such Holder or Participating Broker-Dealer; provided further, however, that this indemnity
agreement will be in addition to any liability which the Company and the Guarantors may otherwise have to such Indemnified Party.

 

(b)  Each
Holder of the Securities and each Participating Broker-Dealer, severally and not jointly, will indemnify and hold harmless the Company
and the Guarantors, their respective directors, each of their respective officers who signed the applicable Registration Statement and
any person who controls the Company or any Guarantor within the meaning of the Securities Act or the Exchange Act from and against any
loss, claim, damage or liability, joint or several, and any action in respect thereof, to which the Company and the Guarantors, or any
such director, officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, any untrue statement or alleged untrue statement of a material fact contained in
a Registration Statement at any time or prospectus or in any amendment or supplement thereto or in any Issuer FWP, or arises out of, or
is based upon, the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, and shall reimburse the Company and the Guarantors for any legal and other expenses reasonably incurred
by the Company and the Guarantors, or any such director, officer or controlling person in investigating or defending or preparing to defend
against any such loss, claim, damage, liability or action as such expenses are incurred (but no more frequently than annually), but in
each case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with information furnished in writing to the Company and the Guarantors by such Holder or Participating Broker-Dealer
specifically for inclusion therein. This indemnity agreement will be in addition to any liability which such Holder may otherwise have
to the Company and the Guarantors or any of their respective directors, officers or controlling persons.

 

(c)  Promptly
after receipt by an indemnified party under this Section 5 of notice of any claim or the commencement of any action, the indemnified party
shall, if a claim in respect thereof is to be made against the indemnifying party under this Paragraph 5, notify the indemnifying party
in writing of the claim or the commencement of that action, provided that the failure to notify the indemnifying party shall not relieve
it from any liability which it may have to an indemnified party under Section 5(a) or 5(b) except to the extent that it has been

 

    6 

     

    

materially
prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify
the indemnifying party shall not relieve it from any liability which it may have to an indemnified party otherwise than under Section
5(a) or 5(b). If any such claim or action shall be brought against an indemnified party, and it shall notify the indemnifying party thereof,
the indemnifying party shall be entitled to participate therein, and, to the extent that it wishes, jointly with any other similarly
notified indemnifying party, to assume the defense thereof with counsel satisfactory to the indemnified party. After notice from the
indemnifying party to the indemnified party of its election to assume the defense of such claim or action, the indemnifying party shall
not be liable to the indemnified party under this Section 5 for any legal or other expenses subsequently incurred by the indemnified
party in connection with the defense thereof other than reasonable costs of investigation. If the indemnifying party shall not elect
to assume the defense of such action, such indemnifying party will reimburse such indemnified party for the reasonable fees and expenses
of any counsel retained by them. In the event that the parties to any such action (including impleaded parties) include both the Company
and the Guarantors and one or more Holders or Participating Broker-Dealers and either (i) the indemnifying party or parties and indemnified
party or parties mutually agree or (ii) representation of both the indemnifying party or parties and the indemnified party or parties
by the same counsel is inappropriate under applicable standards of professional conduct or in the opinion of such counsel due to actual
or potential differing interests between them, then the indemnifying party shall not have the right to assume the defense of such action
on behalf of such indemnified party and will reimburse such indemnified party for the reasonable fees and expenses of any counsel retained
by them and satisfactory to the indemnifying party, it being understood that the indemnifying party shall not, in connection with any
one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances,
be liable for the reasonable fees and expenses of more than one separate firm of attorneys for all such indemnified parties, which firm
shall be designated in writing by the Joint-Lead Dealer Managers (as defined in the Offering Memorandum) in the case of an action in
which one or more Holders, Participating Broker-Dealers or controlling persons are indemnified parties and by the Company and the Guarantors
in the case of an action in which the Company and the Guarantors or any of their respective directors, officers or controlling persons
are indemnified parties. The indemnifying party or parties shall not be liable under this Agreement with respect to any settlement made
by any indemnified party or parties without prior written consent by the indemnifying party or parties to such settlement.

 

(d)  If
the indemnification provided for in this Section 5 shall for any reason be unavailable to an indemnified party under Section 5(a) or 5(b)
hereof in respect of any loss, claim, damage or liability, or any action in respect thereof, referred to therein, then each indemnifying
party shall, in lieu of indemnifying such indemnified party, contribute to the amount paid or payable by such indemnified party as a result
of such loss, claim, damage or liability, or action in respect thereof, in such proportion as is appropriate to reflect the relative benefits
received by the Company and the Guarantors on the one hand and the Holders or Participating Broker-Dealers on the other hand from the
exchange of the Securities, pursuant to the Registered Exchange Offer. If, however, this allocation is not permitted by applicable law,
then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such loss, claim,
damage or liability, or action in respect thereof, in such proportion as shall be appropriate to reflect the relative benefits received
by the Company and the Guarantors on the one hand and the Holders or Participating Broker-Dealers on the other hand from the exchange
of the Securities, pursuant to the Registered Exchange Offer, and the relative fault of the Company and the Guarantors on the one hand
and the Holders or Participating Broker-Dealers on the other hand with respect to the statements or omissions which resulted in such loss,
claim, damage or liability, or action in respect thereof, as well as any other relevant equitable considerations. The relative fault shall
be determined by reference to whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state
a material fact relates to information supplied by the Company and the Guarantors or the Holders or Participating Broker-Dealers, the
intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission.
The amount paid or payable by an indemnified party as a result of the loss, claim, damage or liability, or action in respect thereof,
referred to above in this Section 5(d) shall be deemed to include, for purposes of this Section 5(d), any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions
of this Paragraph 9(d), no Holder of Securities or Participating Broker-Dealer shall be required to contribute any amount in excess of
the amount by which the net proceeds received by such Holders or Participating Broker-Dealer from the sale of the Securities pursuant
to a Registration Statement exceeds the amount of damages which such Holders or Participating Broker-Dealer have otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation.

 

    7 

     

    

(e)  The
agreements contained in this Section 5 shall survive the sale of the Securities pursuant to a Registration Statement and shall remain
in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of
any indemnified party.

 

6.  Additional
Interest Under Certain Circumstances

 

(a)  Additional
interest (the “Additional Interest”) with respect to the Initial Securities shall be assessed as follows if any of
the following events occur (each such event in clauses (i) through (iv) below a “Registration Default”):

 

(i)  If
the Exchange Offer Registration Statement is not declared effective by the Commission on or prior to the 330th day after the Issue Date;

 

(ii)  If
neither the Registered Exchange Offer is consummated within 360 days after the Issue Date nor, if required in lieu thereof, the Shelf
Registration Statement has become effective within 270 days after the date, if any, on which the Company and the Guarantors became obligated
to file the Shelf Registration Statement;

 

(iii)  If
after the Exchange Offer Registration Statement is declared effective such Registration Statement thereafter ceases to be effective or
usable (except as permitted in paragraph (b) in connection with resales of Transfer Restricted Securities) prior to the consummation of
the Registered Exchange Offer (unless such ineffectiveness is cured within the 330-day period described in Section 6(a)(i) above); or

 

(iv)  If
after the Shelf Registration Statement, if applicable, is declared (or becomes automatically) effective, and for a period time that exceeds
180 days in the aggregate in any 12-month period in which the Registration Statement is required to be effective (A) such Registration
Statement thereafter ceases to be effective during the period required herein; or (B) such Registration Statement or the related prospectus
ceases to be usable (except as permitted in paragraph (b)) in connection with resales of Transfer Restricted Securities during the periods
specified herein because either (1) any event occurs as a result of which the related prospectus forming part of such Registration Statement
would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in the
light of the circumstances under which they were made not misleading, (2) it shall be necessary to amend such Registration Statement or
supplement the related prospectus, to comply with the Securities Act or the Exchange Act or the respective rules thereunder, or (3) the
Registration Statement has expired before a replacement Shelf Registration Statement has become effective.

 

Additional Interest shall accrue on the Initial
Securities over and above the interest set forth in the title of the Securities from and including the date on which any such Registration
Default shall occur to but excluding the date on which all such Registration Defaults have been cured. Additional Interest shall accrue
at a rate of 0.25% per annum while any Registration Default is continuing, until all Registration Defaults have been cured.

 

Following the cure of all Registration Defaults,
the accrual of Additional Interest on the Initial Securities will cease and the interest rate will revert to the applicable original rate
set forth in the title of the Securities. In no event shall the Company and the Guarantors be obligated to pay Additional Interest (i)
for more than one Registration Default under this Section 6(a) at any one time, (ii) for a period of more than one year (or for such longer
period as extended pursuant to Section 3(f)) from the Issue Date for any Registration Default referred to in Section 6(a)(iv)(B) with
respect to a Registration Statement or (iii) on any Securities that, at the time of such Registration Default, are not Transfer Restricted
Securities.

 

(b)  A
Registration Default referred to in Section 6(a)(iii) or Section 6(a)(iv)(B) hereof shall be deemed not to have occurred and be continuing
in relation to a Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of
(x) the filing of a post-effective amendment to such Registration Statement to incorporate annual audited financial information with respect
to the Company and the Guarantors where such post-effective amendment is not yet effective and needs to be declared effective to permit
Holders to use the related prospectus or (y) other material events with respect to the Company and the Guarantors that would need to be
described in such Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company and the Guarantors
are proceeding promptly and in good faith to amend or supplement such Registration Statement and related prospectus to describe such events;
provided, however, that in any case if such Registration Default occurs for a continuous period in excess of 30 days, Additional Interest
shall be payable in

 

    8 

     

    

accordance
with the above paragraph from the day such Registration Default occurs until such Registration Default is cured.

 

(c)  Any
amounts of Additional Interest due pursuant to clause (i), (ii), (iii) or (iv) of Section 6(a) above will be payable in cash on the regular
interest payment dates with respect to the Initial Securities. The amount of Additional Interest will be determined by multiplying the
applicable Additional Interest rate by the principal amount of the Initial Securities, multiplied by a fraction, the numerator of which
is the number of days such Additional Interest rate was applicable during such period (determined on the basis of a 360-day year comprised
of twelve 30-day months), and the denominator of which is 360.

 

Any amounts of Additional Interest due pursuant
to clause (i), (ii), (iii) or (iv) of section 6(a) above will constitute liquated damages and will be the exclusive remedy, monetary or
otherwise, available to any Holder with respect to any Registration Default.

 

(d)  “Transfer
Restricted Securities” means each Security until (i) the date on which such Transfer Restricted Security has been exchanged
by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the
exchange by a broker-dealer in the Registered Exchange Offer of an Initial Security for an Exchange Security, the date on which such Exchange
Security is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained
in the Exchange Offer Registration Statement, (iii) the date on which such Initial Security has been effectively registered under the
Securities Act and disposed of in accordance with the Shelf Registration Statement, (iv) the date on which such Initial Security is distributed
to the public pursuant to Rule 144 under the Securities Act or (v) the earliest date that is no less than two years after the Issue Date
on which such Security (except for Securities held by an affiliate of the Company or any Guarantor) may be resold in reliance on paragraph
(b)(1) of Rule 144 under the Securities Act.

 

7.  Rules
144 and 144A

 

The Company and the Guarantors shall, to the extent
they are required to do so under the Exchange Act, use their commercially reasonable efforts to file the reports required to be filed
by them under the Exchange Act in a timely manner and, if at any time the Company and the Guarantors are not required to file such reports,
they will, upon the request of any Holder of Initial Securities, use their commercially reasonable efforts to make publicly available
other information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Company and the Guarantors
covenant that they will take such further action as any Holder of Initial Securities may reasonably request, all to the extent required
from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation
of the exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)). Upon the request of any Holder of Initial
Securities, the Company and the Guarantors shall deliver to such Holder a written statement as to whether they have complied with such
requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company and the Guarantors to register
any of their respective securities pursuant to the Exchange Act.

 

8.  Miscellaneous

 

(a)  Amendments
and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given, except by the Company and the Guarantors and the written consent of the Majority Holders
of the Securities affected by such amendment, modification, supplement, waiver or consents. As used herein, “Majority Holders”
means, as of any date, Holders of a majority of the aggregate principal amount of such Securities; provided that any Securities owned
directly or indirectly by the Company and the Guarantors or any of their respective affiliates shall not be counted in determining whether
the consent by the Holders was given.

 

(b)  Notices.
All notices and other communications provided for or permitted hereunder shall be made in writing by hand delivery, first-class mail,
facsimile transmission, email, or air courier which guarantees overnight delivery:

 

(1)  if
to a Holder of the Securities, at the most current address given by such Holder to the Company and the Guarantors.

 

(2)  if
to the Dealer Managers: to the addresses listed on Schedule I

 

    9 

     

    

with a copy to:

 

Cahill Gordon & Reindel LLP

32 Old Slip 

New York, New York 10005

Attention: Michael Reddy, Esq.

 

(3)  if
to the Company and the Guarantors, at the following address:

 

Comcast Corporation 

One Comcast Center

Philadelphia, Pennsylvania 19103

Facsimile number:(215) 286-7744

Attention:Elizabeth Wideman and Jason Armstrong

 

with a copy to:

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Facsimile number:(212) 701-5077

Attention:John B. Meade, Esq.

 

All such notices and communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered; three business days after being deposited in the mail,
postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission;
and on the day delivered, if sent by overnight air courier guaranteeing next day delivery.

 

(c)  No
Inconsistent Agreements. The Company and the Guarantors have not, as of the date hereof, entered into, nor shall they, on or after
the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders
herein or otherwise conflicts with the provisions hereof.

 

(d)  Successors
and Assigns. This Agreement shall be binding upon the successors, assigns and transferees of each of the parties, including, without
limitation and without need for an express assignment, subsequent Holders. If any transferee of any Holder shall acquire Securities in
any manner, whether by operation of law or otherwise, such Holder shall be deemed to have agreed to be bound by and subject to all the
terms of this Agreement, and by taking and holding such Securities such transferee shall be conclusively deemed to have agreed to be bound
by and to perform all of the terms and provisions of this Agreement.

 

(e)  Counterparts.
This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Counterparts may
be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform
Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission
method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

(f)  Headings.
The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

(g)  Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES
OF CONFLICTS OF LAWS.

 

(h)  Severability.
If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable,
the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein
shall not be affected or impaired thereby.

 

    10 

     

    

(i)  Securities
Held by the Company and the Guarantors. Whenever the consent or approval of Holders of a specified percentage of principal amount
of Securities is required hereunder, Securities held by the Company and the Guarantors or their respective affiliates (other than subsequent
Holders of Securities if such subsequent Holders are deemed to be affiliates solely by reason of their holdings of such Securities) shall
not be counted in determining whether such consent or approval was given by the Holders of such required percentage.

 

[Signature Pages Follow]

 

    11 

     

    

If the foregoing is in accordance with your understanding
of our agreement, please sign and return to the Company and the Guarantors a counterpart hereof, whereupon this instrument, along with
all counterparts, will become a binding agreement among the several Dealer Managers and the Company and the Guarantors in accordance with
its terms.

 

	 	
    Very truly yours,

     

    COMCAST CORPORATION

     

	 	By:	/s/ Jason S. Armstrong
	 	 	Name:Jason S. Armstrong
	 	 	Title:Executive Vice President and Treasurer

 

 

	 	COMCAST CABLE COMMUNICATIONS, LLC
	 	 
	 	 
	 	By:	/s/ Jason S. Armstrong
	 	 	Name:Jason S. Armstrong
	 	 	Title:Executive Vice President and Treasurer

 

 

	 	NBCUNIVERSAL MEDIA, LLC
	 	 
	 	 
	 	By:	/s/ Jason S. Armstrong
	 	 	Name:Jason S. Armstrong
	 	 	Title:Executive Vice President

 

 

 

 

    [Signature Page to Registration Rights Agreement]

     

    

	
    The foregoing Registration

    Rights Agreement is hereby confirmed

    and accepted as of the date first

    above written by the undersigned Joint Lead Dealer Managers, on behalf of themselves and each Co-Dealer Manager pursuant to the Joinder
    Agreement.

     

    CREDIT SUISSE SECURITIES (USA) LLC

     
	 
	By:	/s/ Conor Stransky 	 
	 	Name:Conor Stransky	 
	 	Title:Managing Director	 

 

 

    [Signature Page to Registration Rights Agreement]

     

    

 

 

	MORGAN STANLEY & CO. LLC	 
	 	 
	 	 
	By:	/s/ Yurij Slyz	 
	 	Name:Yurij Slyz	 
	 	Title:Executive Director	 

 

    [Signature Page to Registration Rights Agreement]

     

    

 

	BOFA SECURITIES, INC.	 
	 	 
	 	 
	By:	/s/ David Scott	 
	 	Name:David Scott	 
	 	Title:Managing Director	 

 

    [Signature Page to Registration Rights Agreement]

     

    

 

	CITIGROUP GLOBAL MARKETS INC.	 
	 	 
	 	 
	By:	/s/ Adam D. Bordner	 
	 	Name:Adam D. Bordner	 
	 	Title:Director	 

 

 

    [Signature Page to Registration Rights Agreement]

     

    

 

	J.P. MORGAN SECURITIES LLC	 
	 	 
	 	 
	By:	/s/ Som Bhattacharyya	 
	 	Name:Som Bhattacharyya	 
	 	Title:Executive Director	 

 

    [Signature Page to Registration Rights Agreement]

     

    

 

	MIZUHO SECURITIES USA LLC	 
	 	 
	 	 
	By:	/s/ Justin T. Surma	 
	 	Name:Justin T. Surma	 
	 	Title:Managing Director	 

 

    [Signature Page to Registration Rights Agreement]

     

    

 

	WELLS FARGO SECURITIES, LLC	 
	 	 
	 	 
	By:	/s/ Carolyn Hurley	 
	 	Name:Carolyn Hurley	 
	 	Title:Managing Director	 

    [Signature Page to Registration Rights Agreement]

     

    

SCHEDULE I

 

Dealer Managers

 

Credit Suisse Securities (USA) LLC

Eleven Madison Avenue 

New York, New York 10010

 

Morgan Stanley & Co. LLC

1585 Broadway 

New York, New York 10036

 

BofA Securities, Inc.

One Bryant Park 

New York, New York 10036

 

Citigroup Global Markets Inc.

388 Greenwich Street 

New York, New York 10013

 

J.P. Morgan Securities LLC

383 Madison Avenue 

New York, New York 10179

 

Mizuho Securities USA LLC

1271 Avenue of the Americas 

New York, New York 10020

 

Wells Fargo Securities, LLC

550 South Tryon Street 

Charlotte, North Carolina 28202

 

Each Co-Dealer Manager set

forth in the Joinder Agreement

 

    12 

     

    

SCHEDULE II

 

Pool 1 Notes:

 

	
    Title of Security

	
    Issuer

	
    CUSIP Number

	
    Principal
    Amount Outstanding ($000)

	
    Notes Exchanged
    For New 2051 Notes ($000)

	6.400% Notes due 2038	Comcast Corporation	20030N AX9	$571,915	$333,170
	6.950% Notes due 2037	Comcast Corporation	20030N AV3	$787,725	$359,168
	6.450% Notes due 2037	Comcast Corporation	20030N AM3	$904,355	$288,177
	6.400% Notes due March 2040	Comcast Corporation	20030N BB6	$481,743	$189,345
	6.400% Notes due April 2040	NBCUniversal Media, LLC	63946B AF7(1)	$558,422	$172,526
	6.550% Notes due 2039	Comcast Corporation	20030N AY7	$413,668	$91,628
	4.600% Notes due 2038*	Comcast Corporation	20030N CL3	$3,000,000	$2,031,115
	6.500% Notes due 2035	Comcast Corporation	20030N AK7	$1,000,000	$376,483
	5.650% Notes due 2035	Comcast Corporation	20030N AF8	$750,000	$0
	7.050% Notes due 2033	Comcast Corporation	20030N AC5	$750,000	$0
	 	 	Total:	$9,217,828	$3,841,612

 

		(1)	The 6.400% Notes due April 2040 also includes notes with a restrictive legend (144A CUSIP number: 62875UAD7; Regulation S CUSIP: U63763AB9).

 

		*	Denotes a series of Pool 1 Notes for which the total consideration and exchange consideration will be determined taking into account
the par call date, instead of the maturity date, in accordance with standard market practice.

 

Pool 2 Notes:

 

	
    Title of Security

	
    Issuer

	
    CUSIP Number

	
    Principal
    Amount Outstanding ($000)

	
    Notes Exchanged
    For New 2056 Notes ($000)

	5.950% Notes due 2041	NBCUniversal Media, LLC	63946B AG5	$1,200,000	$712,470
	4.700% Notes due 2048*	Comcast Corporation	20030N CM1	$4,000,000	$2,032,038
	4.750% Notes due 2044	Comcast Corporation	20030N BK6	$1,000,000	$556,930
	4.650% Notes due 2042	Comcast Corporation	20030N BE0	$1,250,000	$600,305
	4.500% Notes due 2043	Comcast Corporation	20030N BG5	$500,000	$325,521
	4.450% Notes due 2043	NBCUniversal Media, LLC	63946B AJ9	$1,000,000	$251,946
	 	 	Total:	 $8,950,000	$4,479,210

 

		*	Denotes a series of Pool 2 Notes for which the total consideration and exchange consideration will be determined taking into account
the par call date, instead of the maturity date, in accordance with standard market practice.

 

Pool 3 Notes:

 

	
    Title of Security

	
    Issuer

	
    CUSIP Number

	
    Principal
    Amount Outstanding ($000)

	
    Notes Exchanged
    For New 2063 Notes ($000)

	4.600% Notes due 2045*	Comcast Corporation	20030N BQ3	$1,700,000 	$937,766
	4.950% Notes due 2058*	Comcast Corporation	20030N CN9	$2,500,000 	$1,464,790
	4.049% Notes due 2052*	Comcast Corporation	20030N CG4(1)	$1,499,967 	$494,262
	 	 	Total:	$5,699,967 	$2,896,818

 

		(1)	The 4.049% Notes due 2052 also includes notes with a restrictive legend (144A CUSIP number: 20030N CF6; Regulation S CUSIP: U20030
AH2).

 

		*	Denotes a series of Pool 3 Notes for which the total consideration and exchange consideration will be determined taking into account
the par call date, instead of the maturity date, in accordance with standard market practice.

 

    13 

     

    

ANNEX A

 

Each broker-dealer that receives Exchange Securities
for its own account pursuant to the Exchange Offer hereby acknowledges that it will deliver a prospectus in connection with any resale
of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in
connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired
by such broker-dealer as a result of market-making activities or other trading activities. The Company and the Guarantors have agreed
that, for a period of 90 days after the Expiration Date (as defined herein), they will make this Prospectus available to any broker-dealer
for use in connection with any such resale. See “Plan of Distribution.”

 

    14 

     

    

ANNEX B

 

Each broker-dealer that receives Exchange Securities
for its own account in exchange for Securities, where such Initial Securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities, hereby acknowledges that it will deliver a prospectus in connection with any resale of such Exchange
Securities. See “Plan of Distribution.”

 

    15 

     

    

ANNEX C

 

PLAN OF DISTRIBUTION

 

Each broker-dealer that receives Exchange Securities
for its own account pursuant to the Exchange Offer hereby acknowledges that it will deliver a prospectus in connection with any resale
of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in
connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired
as a result of market-making activities or other trading activities. The Company and the Guarantors have agreed that, for a period of
90 days after the Expiration Date, they will make this prospectus, as amended or supplemented, available to any broker-dealer for use
in connection with any such resale. In addition, until, 20[] , all dealers effecting transactions in the Exchange Securities
may be required to deliver a prospectus.1

 

The Company and the Guarantors will not receive
any proceeds from any sale of Exchange Securities by broker-dealers. Exchange Securities received by broker-dealers for their own account
pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated
transactions, through the writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing
at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to
purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer
or the purchasers of any such Exchange Securities. Any broker-dealer that resells Exchange Securities that were received by it for its
own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may
be deemed to be an “underwriter” within the meaning of the Securities Act and any profit on any such resale of Exchange
Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities
Act.

 

For a period of 90 days after the Expiration Date
the Company and the Guarantors will promptly send additional electronic copies of this Prospectus and any amendment or supplement to this
Prospectus to any broker-dealer that requests such documents. The Company and the Guarantors have agreed to pay all expenses incident
to the Exchange Offer other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities
(including any broker-dealers) against certain liabilities, including liabilities under the Securities Act.

 

 

 

1 In addition, the legend required
by Item 502(e) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus, if required.

    16 

     

    

ANNEX D

 

o  CHECK
HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS
THERETO.

 

	Name: 	 	 
	Address: 	 	 
	 	 	 

 

 

If the undersigned is not a broker-dealer, the undersigned represents
that it is not engaged in, and does not intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer
that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making
activities or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange
Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter”
within the meaning of the Securities Act.

 

 

    17

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