Document:

Exhibit 4.1

 

[FORM
OF OFFICERS' CERTIFICATE]

COMCAST
CORPORATION

 

Officers’
Certificate

 

October
19, 2017

 

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 $2,000,000,000 aggregate principal amount of 3.969%
Notes Due 2047 (the “2047 Notes”), $1,999,999,000 aggregate principal amount of 3.999% Notes Due 2049 (the
“2049 Notes”) and $1,499,967,000 aggregate principal amount of 4.049% Notes Due 2052 (the “2052 Notes,”
and together with the 2047 and the 2049 Notes, the “Notes”), that the terms of the Notes are as follows:

 

	3.969%
    Notes Due 2047
	 
	Title:	3.969% Notes Due 2047
	 	 
	Aggregate Principal
    Amount at Maturity:	$2,000,000,000

        

	 	 
	Principal Payment Date:	November 1, 2047
	 	 
	Interest:	3.969%
	 	 
	Redemption:	The Company may at its
        option redeem the 2047 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 2047 Notes,
        at the “Redemption Price.” Prior to May 1, 2047 (the “2047 Par Call Date”), the Redemption Price
        is the greater of (i) 100% of the principal amount of the 2047 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 2047 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 2047 Notes)

         

    	 

    	 

    

	 	plus 20 basis points. On and after the 2047 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 October 3, 2017.
	 	 
	Registration Rights:	Holders of the Notes
        shall have the rights set forth in the registration rights agreement, dated October 19, 2017, 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 2047 Notes need not be issued at the same
    time and the series may be reopened for issuance of an unlimited principal amount of additional 2047 Notes under this series.  Additional
    2047 Notes of this series may be consolidated with, and form a single series with, 2047 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
    2047 Notes are not fungible with the 2047 Notes then outstanding for U.S. federal income tax purposes, such additional 2047
    Notes will have one or more separate CUSIP numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None

    	 

    	 

    

	 	 
	Miscellaneous:	The terms of the 2047 Notes shall include such
    other terms as are set forth in the Form of Note Due 2047 attached hereto as Exhibit A.

 

	3.999%
    Notes Due 2049
	 
	Title:	3.999% Notes Due 2049
	 	 
	Aggregate Principal
    Amount at Maturity:	$1,999,999,000

         

	 	 
	Principal Payment Date:	November 1, 2049
	 	 
	Interest:	3.999%
	 	 
	Redemption:	The Company may at its
        option redeem the 2049 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 2049 Notes,
        at the “Redemption Price.” Prior to May 1, 2049 (the “2049 Par Call Date”), the Redemption Price
        is the greater of (i) 100% of the principal amount of the 2049 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 2049 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 2049 Notes) plus
        20 basis points. On and after the 2049 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 October 3, 2017.

        

	 	 
	Registration Rights:	Holders of the Notes
        shall have the rights set forth in the registration rights agreement, dated October 19, 2017, 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 2049 Notes need not be issued at the same
    time and the series may be reopened for issuance of an unlimited principal amount of additional 2049 Notes under this series.  Additional
    2049 Notes of this series may be consolidated with, and form a single series with, 2049 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
    2049 Notes are not fungible with the 2049 Notes then outstanding for U.S. federal income tax purposes, such additional 2049
    Notes will have one or more separate CUSIP numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 
	Miscellaneous:	The terms of the 2049
        Notes shall include such other terms as are set forth in the Form of Note Due 2049 attached hereto as Exhibit B.

         

	4.049%
    Notes Due 2052
	 
	Title:	4.049% Notes Due 2052
	 	 
	Aggregate Principal
    Amount at Maturity:	$1,499,967,000

         

	 	 
	Principal Payment Date:	November 1, 2052
	 	 
	Interest:	4.049%

    	 

    	 

    

	 	 
	Redemption:	The Company may at its
        option redeem the 2052 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 2052 Notes,
        at the “Redemption Price.” Prior to May 1, 2052 (the “2052 Par Call Date”), the Redemption Price
        is the greater of (i) 100% of the principal amount of the 2052 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 2052 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 2052 Notes) plus
        25 basis points. On and after the 2052 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 October 3, 2017.

        

	 	 
	Registration Rights:	Holders of the Notes
        shall have the rights set forth in the registration rights agreement, dated October 19, 2017, 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 (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 2052 Notes need not be issued at the same
    time and the series may be reopened for issuance of an 

    	 

    	 

    

	 	unlimited principal amount
    of additional 2052 Notes under this series.  Additional 2052 Notes of this series may be consolidated with, and
    form a single series with, 2052 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 2052 Notes are not fungible with the 2052 Notes
    then outstanding for U.S. federal income tax purposes, such additional 2052 Notes will have one or more separate CUSIP numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 
	Miscellaneous:	The terms of the 2052
        Notes shall include such other terms as are set forth in the Form of Note Due 2052 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.

 

    	 

    	 

    

 

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

 

	 
	By:	 
	 	Name: William E. Dordelman
	 	Title:   Senior Vice President
    and Treasurer

 

	By:	 
	 	Name: Arthur R. Block
	 	Title:   Executive Vice President,
    General Counsel and Secretary
	 	 

 

 

 

 

 

 

 

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

 

    	 

    	 

    

EXHIBIT
A

 

[FORM OF
NOTE DUE 2047]

 

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 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.]

 

    	 

    	 

    

COMCAST
CORPORATION

3.969%
Note Due 2047

 

	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 $[                   ]
([                   ] Million
Dollars) on November 1, 2047.

 

Interest
Payment Dates: May 1 and November 1 (each, an “Interest Payment Date”), commencing on May 1, 2018.

 

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.

 

    	 

    	 

    

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:	William E. Dordelman	 
	 	 	 	 	Title:	Senior Vice President and
                                         Treasurer	 
	 	 	 	 	 	 	 

 

 

[Seal of Comcast Corporation]

 

 

	Attest:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	By:	/s/
    	 
	 	Name:	Arthur
                                         R. Block	 
	 	Title:	Executive
                                         Vice President, General Counsel and Secretary	 
	 	 	 	 

 

    	 

    	 

    

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

 

Dated: October 19, 2017

 

 

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

 

 

 

    	 

    	 

    

(REVERSE
OF SECURITY)

 

COMCAST CORPORATION

 

3.969% Note
Due 2047

 

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 October 19, 2017. The Issuer will pay interest semi-annually in arrears on each
Interest Payment Date, commencing May 1, 2018. 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 October 19, 2017 (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.

 

    	 

    	 

    

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.

 

    2

     

    

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, 2047 (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

 

    3

     

    

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, in pricing new issues of corporate debt securities
of comparable maturity to the Remaining Life of such Securities.

 

“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, Goldman Sachs & Co. LLC, Citigroup Global Markets
Inc., Deutsche Bank Securities Inc. 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,

 

    4

     

    

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 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.

 

    5

     

    

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.

 

    6

     

    

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)	 

 

 

    7

     

    

FORM OF CERTIFICATE
OF TRANSFER

 

Comcast Corporation 

One Comcast Center 

Philadelphia, Pennsylvania 19103-2838

 

The Bank of New York Mellon 

101 Barclay Street 

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

 

    8

     

    

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.

 

    9

     

    

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).

 

    10

     

    

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 [ ])

    11

     

    

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 

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    12

     

    

EXHIBIT
B

 

[FORM OF
NOTE DUE 2049]

 

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 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.]

 

    	 

    	 

    

COMCAST
CORPORATION 

3.999%
Note Due 2049

 

	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 $[                   ]
([                   ] Million
Dollars) on November 1, 2049.

 

Interest
Payment Dates: May 1 and November 1 (each, an “Interest Payment Date”), commencing on May 1, 2018.

 

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.

 

    	 

    	 

    

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:	William E. Dordelman	 
	 	 	 	 	Title:	Senior Vice President and
                                         Treasurer	 
	 	 	 	 	 	 	 

 

 

[Seal of Comcast Corporation]

 

Attest:

 

	 	 	 	 
	 	 	 	 
	By:	
    	 
	 	Name:	Arthur
                                         R. Block	 
	 	Title:	Executive
                                         Vice President, General Counsel and Secretary	 
	 	 	 	 

 

 

 

    	 

    	 

    

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

 

Dated: October 19, 2017

 

 

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

 

 

    	 

    	 

    

(REVERSE
OF SECURITY)

 

COMCAST CORPORATION

 

3.999% Note
Due 2049

 

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 October 19, 2017. The Issuer will pay interest semi-annually in arrears on each
Interest Payment Date, commencing May 1, 2018. 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 October 19, 2017 (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.

 

    	 

    	 

    

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.

 

    2

     

    

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, 2049 (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

 

    3

     

    

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, in pricing new issues of corporate debt securities
of comparable maturity to the Remaining Life of such Securities.

 

“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, Goldman Sachs & Co. LLC, Citigroup Global Markets
Inc., Deutsche Bank Securities Inc. 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,

 

    4

     

    

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 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.

 

    5

     

    

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.

 

    6

     

    

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)	 

 

 

    7

     

    

FORM OF CERTIFICATE
OF TRANSFER

 

Comcast Corporation 

One Comcast Center 

Philadelphia, Pennsylvania 19103-2838

 

The Bank of New York Mellon 

101 Barclay Street 

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

 

    8

     

    

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.

 

    9

     

    

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).

 

    10

     

    

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 [ ])

 

    11

     

    

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 

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    12

     

    

EXHIBIT
C

 

[FORM OF
NOTE DUE 2052]

 

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
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.]

 

    	 

    	 

    

COMCAST
CORPORATION 

4.049%
Note Due 2052

 

	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 $[                   ]
([                   ] Million
Dollars) on November 1, 2052.

 

Interest
Payment Dates: May 1 and November 1 (each, an “Interest Payment Date”), commencing on May 1, 2018.

 

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.

 

    	 

    	 

    

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:	William E. Dordelman	 
	 	 	 	 	Title:	Senior Vice President and
                                         Treasurer	 
	 	 	 	 	 	 	 

 

 

[Seal of Comcast Corporation]

 

	Attest:	 	 	 
	 	 	 	 
	By:	
    	 
	 	Name:	Arthur
                                         R. Block	 
	 	Title:	Executive
                                         Vice President, General Counsel and Secretary	 
	 	 	 	 

 

 

 

    	 

    	 

    

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

 

Dated: October 19, 2017

 

 

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

  

 

    	 

    	 

    

(REVERSE
OF SECURITY)

 

COMCAST CORPORATION

 

4.049% Note
Due 2052

 

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 October 19, 2017. The Issuer will pay interest semi-annually in arrears on each
Interest Payment Date, commencing May 1, 2018. 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 October 19, 2017 (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.

 

    	 

    	 

    

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.

 

    2

     

    

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, 2052 (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

 

    3

     

    

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 25 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, in pricing new issues of corporate debt securities
of comparable maturity to the Remaining Life of such Securities.

 

“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, Goldman Sachs & Co. LLC, Citigroup Global Markets
Inc., Deutsche Bank Securities Inc. 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,

 

    4

     

    

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 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.

 

    5

     

    

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.

 

    6

     

    

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)	 

 

 

    7

     

    

FORM OF CERTIFICATE
OF TRANSFER

 

Comcast Corporation 

One Comcast Center 

Philadelphia, Pennsylvania 19103-2838

 

The Bank of New York Mellon 

101 Barclay Street 

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

 

    8

     

    

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.

 

    9

     

    

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).

 

    10

     

    

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 [ ])

 

    11

     

    

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 

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    12Exhibit 4.2

 

 

Comcast Corporation

 

$2,000,000,000 3.969% Notes Due 2047

$1,999,999,000 3.999% Notes Due 2049 

$1,499,967,000 4.049% Notes Due 2052

 

 

 

REGISTRATION RIGHTS AGREEMENT

 

October 19, 2017

 

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 an offer to exchange the securities listed on Schedule II for new series of its senior notes due November 1, 2047 (the
“New 2047 Notes”), November 1, 2049 (the “New 2049 Notes”) and November 1, 2052 (the “New
2052 Notes” and, together with the New 2047 Notes, and the New 2049 Notes, the “Initial Securities”),
each guaranteed on an unsecured, unsubordinated basis by NBCUniversal and Comcast Cable Communications, LLC (together with NBCUniversal,
the “Guarantors”) and set forth in the table on Schedule II, as set forth in the Offering Memorandum, dated
October 3, 2017 (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 any entity that executed a 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 October 3, 2017 (as supplemented by that certain joinder agreement, dated October
3, 2017 (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 270 days (or if the 270th
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 20 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

 

(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:

 

(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, 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.       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 Underwriter 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

 

     

     

    

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.

 

     

     

    

(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 270th 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 270-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

 

     

     

    

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 a 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

 

     

     

    

with a copy to:

 

Cahill Gordon & Reindel LLP

80 Pine Street

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:Arthur R. Block and William E. Dordelman

 

with a copy to:

 

Davis Polk & Wardwell LLP

1600 El Camino Real

Menlo Park, California 94025

Facsimile number:(650) 752-2111

Attention:Bruce K. Dallas, 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.

 

(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.

 

(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.

 

 

 

 

 

 

 

     

     

    

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/ William E. Dordelman
	 	 	Name:William E. Dordelman
	 	 	Title:Senior Vice President and Treasurer

 

 

	 	COMCAST CABLE COMMUNICATIONS, LLC
	 	 
	 	 
	 	By:	/s/ William E. Dordelman
	 	 	Name:William E. Dordelman
	 	 	Title:Senior Vice President and Treasurer

 

 

	 	NBCUNIVERSAL MEDIA, LLC
	 	 
	 	 
	 	By:	/s/ William E. Dordelman
	 	 	Name:William E. Dordelman
	 	 	Title:Senior Vice President and Treasurer

     

     

    

	
        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/ Ben Oren	 
	 	Name:    	Ben Oren 	 
	 	Title:	Managing Director	 

 

 

 

 

 

    
[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.

         

         

        GOLDMAN SACHS & CO. LLC

         

         
	 
	By:	/s/ Adam Greene	 
	 	Name:    	Adam Greene 	 
	 	Title:	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.

         

         

        CITIGROUP GLOBAL MARKETS INC.

         

         
	 
	By:	/s/ Matthew D. Barsamian	 
	 	Name:	Matthew D. Barsamian	 
	 	Title:	Director	 

 

 

 

 

 

    
[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.

         

         

        DEUTSCHE BANK SECURITIES INC.

         

         
	 
	By:	/s/ Ritu Ketkar	 
	 	Name:	Ritu Ketkar	 
	 	Title:	Managing Director	 
	 	 	 
	By:	  /s/ Ryan Montgomery	 
	 	Name:	Ryan Montgomery	 
	 	Title:	Managing Director	 

 

 

 

 

 

    
[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.

         

         

        WELLS FARGO SECURITIES, LLC

         

         
	 
	By:	/s/ Daniel A. Nass	 
	 	Name:	Daniel A. Nass	 
	 	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

 

Goldman Sachs & Co. LLC

200 West Street

New York, New York 10282

 

Citigroup Global Markets Inc.

388 Greenwich Street

New York, New York 10013

 

Deutsche Bank Securities Inc.

60 Wall Street

New York, New York 10005

 

Wells Fargo Securities, LLC

550 South Tryon Street, 5th Floor

Charlotte, North Carolina 28202

 

Each Co-Dealer Manager set

forth in the Joinder Agreement

 

     

     

    

SCHEDULE II

 

	Title
        of Security
	Issuer
	CUSIP
        Number
	Principal
        Amount Outstanding ($000)
	Notes
        Exchanged For New Notes ($000) 

	6.950% Notes due 2037	Comcast Corporation	20030NAV3	$2,000,000	$1,212,275
	6.550% Notes due 2039	Comcast Corporation	20030NAY7	$   800,000	  $386,332
	6.400% Notes due March 1, 2040	Comcast Corporation	20030NBB6	$1,000,000	  $518,257
	6.400% Notes due April 30, 2040	NBCUniversal Media, LLC	63946BAF7(3)	$1,000,000	  $441,578
	6.450% Notes due 2037	Comcast Corporation	20030NAM3	$1,850,000	  $945,645
	6.400% Notes due 2038	Comcast Corporation	20030NAX9	$1,000,000	  $428,085
	6.500% Notes due 2035	Comcast Corporation	20030NAK7	$1,000,000	         $—
	5.950% Notes due 2041	NBCUniversal Media, LLC 	63946BAG5	$1,200,000	         $—
	5.650% Notes due 2035	Comcast Corporation	20030NAF8	$   750,000	         $—
	 	 	Total:	 $10,600,000	$3,932,172

 

 

 

 

 

 

 

     

     

    

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.”

 

     

     

    

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.”

 

     

     

    

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.

 

     

     

    

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.

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