Document:

Form of Administrative Services Agreement

 EXHIBIT 10.9 
 SERVICES AGREEMENT, dated as of             , 2011 (the “Effective Date”), between, Home Loan Servicing Solutions, Ltd.,
a Cayman Islands exempted company together with its subsidiaries and affiliates (“HLSS”) and Altisource Solutions S.à r.l., a public limited liability company organized under the laws of the Grand Duchy of Luxembourg together
with its subsidiaries and affiliates (“ALTISOURCE”). 
 RECITALS 

WHEREAS, HLSS desires to engage ALTISOURCE to provide various Services and/or Additional Services to HLSS pursuant to the terms and
conditions set forth herein, and ALTISOURCE desires to provide such Services and/or Additional Services to HLSS. 
 NOW,
THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, the parties agree as follows: 
 1. Definitions. 
 For the purposes of this Agreement, the following terms shall have the
following meanings: 
 “Action” means any demand, action, suit, countersuit, arbitration, inquiry, proceeding
or investigation by or before any Governmental Authority or any federal, state, local, foreign or international arbitration or mediation tribunal. 
 “Affiliate” means with respect to any Person (a “Principal”) (a) any directly or indirectly wholly-owned subsidiary of such Principal, (b) any Person that
directly or indirectly owns 100% of the voting stock of such Principal or (c) a Person that controls, is controlled by or is under common control with such Principal. As used herein, “control” of any entity means the possession,
directly or indirectly, through one or more intermediaries, of the power to direct or cause the direction of the management or policies of such entity, whether through ownership of voting securities or other interests, by contract or otherwise.
Furthermore, with respect to any Person that is partially owned by such Principal and does not otherwise constitute an Affiliate (a “Partially-Owned Person”), such Partially-Owned Person shall be considered an Affiliate of such
Principal for purposes of this Agreement if such Principal can, after making a good faith effort to do so, legally bind such Partially-Owned Person to this Agreement. 
 “Agreement” means this Services Agreement, including the Schedules hereto and any SOWs entered into pursuant to Section 2(b). 

“Fully Allocated Cost” means, with respect to provision of a Service and/or an Additional Service, the all-in actual
cost of ALTISOURCE’S provision of such Service and/or Additional Service, including all amounts for compensation and benefits, technology expenses, occupancy, office and equipment expense, and third-party payments incurred in connection with
the provision of such Service and/or Additional Service, plus applicable mark up which shall initially be 15% and which may be adjusted from time to time as agreed to by the parties, including any Taxes payable as a result of performance of such
Service and/or Additional Service. 

  
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 “Governmental Authority” shall mean any federal, state, local, foreign or
international court, government, department, commission, board, bureau, agency, official or other legislative, judicial, regulatory, administrative or governmental authority. 
 “Information” means information, whether or not patentable or copyrightable, in written, oral, electronic or other tangible or intangible forms, stored in any medium, including studies,
reports, records, books, contracts, instruments, surveys, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data, computer data, disks, diskettes,
tapes, algorithms, computer programs or other software, marketing plans, customer names, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or under their
direction (including attorney work product), and other technical, financial, employee or business information or data. 

“Intellectual Property” means all domestic and foreign patents, copyrights, trade names, domain names, trademarks,
service marks, registrations and applications for any of the foregoing, databases, mask works, Information, inventions (whether or not patentable or patented), processes, know-how, procedures, computer applications, programs and other software,
including operating software, network software, firmware, middleware, design software, design tools, systems documentation, manuals, and instructions, other proprietary information, and licenses from third parties granting the right to use any of
the foregoing. 
 “Person” means an individual, a general or limited partnership, a corporation, a trust, a
joint venture, an unincorporated organization, a limited liability entity, any other entity and any Governmental Authority. 

“Services” means services that may be provided by ALTISOURCE to HLSS and set forth on Schedule I and any SOWs related
thereto. 
 “SOW” means a statement of work entered into between the parties on an as-needed basis to describe
an Additional Service to be performed hereunder. Any SOW shall be agreed to by each party, shall be in writing and (I) shall contain: (i) a description of the services to be performed thereunder; (ii) the applicable performance
standard for the provision of such service, if different from the Performance Standard; (iii) the amount, schedule and method of compensation for provision of such service, which shall estimate the Fully Allocated Cost of such service; and (II)
may contain (i) HLSS’s standard operating procedures for receipt of services similar to such service, including operations, compliance requirements and related training schedules; (ii) information technology support requirements of
HLSS with respect to such service; and (iii) training and support commitments with respect to such service. For the avoidance of doubt, the terms and conditions of this Agreement shall apply to any SOW except to the extent of a conflict between
a provision of this Agreement and the SOW, in which case, the terms of the SOW shall control. 
 2. Provision of
Services. 
 (a) Generally. Subject to the terms and conditions of this Agreement, (i) ALTISOURCE shall provide,
or cause to be provided, to HLSS, solely for the benefit of the HLSS business in the ordinary course of business, the Services, in each case for periods commencing on the Effective Date through the respective period specified in Schedule I
(the “Service Period”), unless such period is earlier terminated in accordance with Section 5. 

  
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 (b) Additional Services. In addition to the services provided as set forth on
Schedule I, from time to time during the term of this Agreement the parties shall have the right to enter into SOWs to set forth the terms of any related or additional services to be performed hereunder (“Additional
Services”). 
 (c) The Services and the Additional Services shall be performed on business days during hours that
constitute regular business hours for each of HLSS and ALTISOURCE, unless otherwise agreed. HLSS, shall not resell, subcontract, license, sublicense or otherwise transfer any of the Services and/or Additional Services to any Person whatsoever or
permit use of any of the Services and/or Additional Services by any Person other than by HLSS directly in connection with the conduct of HLSS’s respective business in the ordinary course of business. 

(d) Unless agreed separately by the parties, ALTISOURCE shall have the exclusive right to select, employ, pay, supervise, administer,
direct and discharge any of its employees who will perform Services and/or Additional Services. ALTISOURCE shall be responsible for paying such employees’ compensation and providing to such employees any benefits. With respect to each Service
and/or Additional Service, ALTISOURCE shall use commercially reasonable efforts to have qualified individuals participate in the provision of such Service and/or Additional Service; provided, however, that (i) ALTISOURCE shall not be
obligated to have any individual participate in the provision of any Service and/or Additional Service if ALTISOURCE determines that such participation would adversely affect ALTISOURCE or its Affiliates; and (ii) none of ALTISOURCE or its
Affiliates shall be required to continue to employ any particular individual during the applicable Service Period. 
 (e)
ALTISOURCE may engage third-party contractors, at a reasonable cost, to perform any of the Services and/or Additional Services, to provide professional services related to any of the Services and/or Additional Services, or to provide any
secretarial, administrative, telephone, e-mail or other services necessary or ancillary to the Services (all of which may be contracted for separately by ALTISOURCE on behalf of HLSS). Altisource shall use reasonable commercial efforts to give
notice to HLSS, reasonably in advance of the commencement of such Services and/or Additional Services to be so provided by such contractors, of the identity of such contractors, each Service and/or Additional Service to be provided by such
contractors and a good faith estimate of the cost (or formula for determining the cost) of the Services and/or Additional Services to be so provided by such contractors. 

  
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 (f) Tax Services. As contemplated by this Agreement, ALTISOURCE will perform tax
accounting, tax compliance and tax consulting services (“Tax Services”) for and on behalf of HLSS. With respect to these Tax Services, the following additional provisions apply: 

 

	 	(1)	REPORTABLE TRANSACTIONS—The Internal Revenue Service (“IRS”) and some states have promulgated rules that require taxpayers to disclose
their participation in reportable transactions by attaching a disclosure form to their federal and/or state income tax returns and, when necessary, by filing a copy of that disclosure form with the IRS and/or the applicable state tax agency. These
rules impose significant requirements to disclose certain transactions and such disclosures may encompass transactions entered into in the normal course of business. The Tax Services do not include any obligation by ALTISOURCE to identify any
reportable transactions or disclosure obligations. Services regarding reportable transactions will be provided under the terms of a separate Statement of Work. HLSS is responsible for ensuring that it has properly disclosed all reportable
transactions; failure to make required disclosures may result in substantial penalties. ALTISOURCE will not be liable for any penalties resulting from HLSS’s failure to accurately and timely file any required reportable transaction disclosures.

  

	 	(2)	TAX POSITIONS AND POTENTIAL PENALTIES—ALTISOURCE will discuss with HLSS tax positions that ALTISOURCE is aware of as a result of these Tax Services and for
which HLSS or ALTISOURCE could be subject to potential penalties. With respect to those tax positions, ALTISOURCE will discuss any opportunity to avoid such penalties through adequate disclosure, if relevant, and the requirements for adequate
disclosure. HLSS should be aware that in certain instances, the standards to avoid a potential penalty applicable to ALTISOURCE, should ALTISOURCE be deemed a tax return preparer, may exceed the accuracy related penalty standards applicable to HLSS.

  

	 	(3)	HLSS’S ACKNOWLEDGEMENTS—HLSS acknowledges and agrees that the Tax Services will be based solely upon: 

 

	 	(i)	The representations, information, documents and other facts provided to ALTISOURCE by HLSS, its personnel and any representatives thereof; 

 

	 	(ii)	The review of documents under this Agreement does not constitute an engagement to provide audit, compilation, review or attest services as described in the
pronouncements on professional standards issued by the American Institute of Certified Public Accountants or the U.S. Public Company Accounting Oversight Board; 

  
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	 	(iii)	The understanding that ALTISOURCE will only be responsible to provide tax advice with respect to the specific matter, transaction or question actually presented by
HLSS, including the type of tax and the taxing jurisdiction specifically identified by HLSS (e.g., federal, foreign, state, local, sales, excise, etc.); 

  

	 	(iv)	HLSS’s understanding that any tax advice provided pursuant the Agreement will be based upon the law, regulations, cases, rulings, and other taxing authority in
effect at the time specific tax advice is provided. If there are subsequent changes in or to the foregoing taxing authorities (for which ALTISOURCE shall have no specific responsibility to advise HLSS), HLSS acknowledges that such changes may result
in that tax advice being rendered invalid or necessitate (upon HLSS’s request) a reconsideration of that prior tax advice; and 

  

	 	(v)	HLSS acknowledges and agrees that the results of ATISOURCE’s tax advice may be audited and challenged by the IRS and other tax agencies, who may not agree with our
positions. In this regard, HLSS understands that the result of any tax advice is not binding on the IRS, other tax agencies or the courts and should never be considered a representation, warranty, or guarantee that the IRS, other tax agencies or the
courts will concur with our advice or opinion 

  

	 	(4)	RELIANCE UPON WORK PRODUCT—Although ALTISOURCE might in certain circumstances provide HLSS with drafts of a deliverable before it is finalized, HLSS
understands that HLSS may not rely upon any of the analysis, conclusions, or recommendations unless and until the final deliverable is issued. Any part of ALTISOURCE’s analysis, including the recommendations or conclusions may change between
the time of any draft and the issuance of a final deliverable. 

  

	 	(5)	CONSENT FOR DISCLOSURE AND USE OF TAX RETURN INFORMATION—HLSS authorizes that any and all information (i) furnished to ALTISOURCE for or in connection
with the Tax Services (ii) derived or generated by ALTISOURCE from the information associated with prior years’ tax return information in the possession of ALTISOURCE may, for a period of up to eight (8) years from the date of this
Agreement, be disclosed to and considered and used by any ALTISOURCE affiliate, related entity (or its affiliate) or subcontractor, in each case, whether located within or outside the United States, engaged directly or indirectly for the purpose of
providing the Tax Services and preparation of tax returns, tax planning, audited financial statements, or other financial statements or financial information as required by a government authority, municipality or regulatory body. Disclosures under
this paragraph may consist of all information contained in HLSS’s tax returns; if HLSS wishes to request a more limited disclosure of tax return information, HLSS must inform ALTISOURCE in writing. HLSS acknowledges that HLSS’s tax return
information may be disclosed to ALTISOURCE affiliates, related entities (or their affiliates) or subcontractors located outside of the United States. 

  
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	 	(6)	Certain Tax Disclosures and Reporting. In accordance with IRC sections 6111 and 6112, ALTISOURCE may be required to report to the IRS or certain state tax
authorities these Tax Services including without limitation any related tax transaction(s) as well as HLSS’s participation therein. In addition, separate and apart from any reporting by ALTISOURCE, HLSS, in accordance with IRC section 6011, may
also be required to disclose to a taxing authority its participation in one or more transactions which are the subject of this Agreement and any Work Order executed pursuant to this Agreement and these terms. The determination of whether, when and
to what extent ALTISOURCE and HLSS should comply with their respective federal or state “tax shelter” reporting requirements will be made exclusively and respectively by ALTISOURCE and HLSS. ALTISOURCE and HLSS further agree that
(i) any liability for fines or penalties or any other consequences resulting from noncompliance by one party with applicable tax disclosure or reporting rules will be borne or incurred exclusively by the non-compliant party, and (ii) any
request by HLSS of ALTISOURCE for services in identifying or otherwise consulting on transactions subject to IRC section 6011 or corresponding state law and the reporting or disclosing thereof will be the subject of a separate Statement of Work.

  

	 	(7)	Accountant / Client Privilege—IRC §7525. HLSS should be aware that certain information discussed with personnel of ALTISOURCE who are Federally
Authorized Tax Practitioners or their agents for the purpose of obtaining ALTISOURCE’s advice on tax matters may be privileged from disclosure in any non criminal tax matters before the IRS and in non-criminal proceedings in Federal court that
stem from matters before the IRS, if the United States is a party to the proceedings. HLSS is solely responsible for managing the recognition, establishment and maintenance of the confidentiality privilege. HLSS must notify ALTISOURCE if HLSS wishes
to invoke the confidentiality privilege and ALTISOURCE will cooperate with HLSS’s reasonable instructions relating to the confidentiality privilege. Circumstances may arise under which HLSS may wish to divulge or have ALTISOURCE divulge
privileged information to other parties. HLSS should be aware that such disclosure might result in a waiver of the confidentiality privilege. Accordingly, if HLSS wishes ALTISOURCE to divulge such information, ALTISOURCE shall require HLSS to
provide ALTISOURCE in advance with written authority to make such disclosures. In addition, if it is ultimately determined that a significant purpose of the tax matter was to avoid or evade any U.S. federal income tax, HLSS should be aware that the
confidentiality privilege under §7525 of the Internal Revenue Code will not apply to any communications between HLSS and ALTISOURCE. In the event that ALTISOURCE receives a request from a third party (including a subpoena, summons or discovery
demand in litigation) calling for the production of privileged information, ALTISOURCE will promptly notify HLSS and will follow HLSS’s reasonable instructions regarding any third party requests or needs for such material before ALTISOURCE
would disclose same as may be required under applicable law or rules. HLSS agrees to hold ALTISOURCE harmless from, and also assumes responsibility for, any reasonable expenses (including attorney’s fees, court costs, costs incurred by outside
advisors and any other cost imposed whether by way of penalty or otherwise) incurred by ALTISOURCE as a result of the HLSS’s assertion of the confidentiality privilege or HLSS’s direction to ALTISOURCE to assert the confidentiality
privilege on behalf of HLSS. 

  
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 3. Standard of Performance. 

(a) ALTISOURCE shall use commercially reasonable efforts to provide, or cause to be provided, to HLSS, each Service and/or Additional
Service in a manner generally consistent with the manner and level of care with which such Service and/or Additional Service is performed by ALTISOURCE for its own behalf (the “Performance Standard”), unless otherwise specified in
this Agreement. Notwithstanding the foregoing, ALTISOURCE shall have no obligation hereunder to provide to HLSS any improvements, upgrades, updates, substitutions, modifications or enhancements to any of the Services and/or Additional Services
unless otherwise specified in Schedule I. HLSS acknowledges and agrees that ALTISOURCE may be providing services similar to the Services and/or Additional Services provided hereunder and/or services that involve the same resources as those
used to provide the Services and/or Additional Services to itself and its own Affiliates’ business units as well as other third parties, and, accordingly, ALTISOURCE reserves the right to modify any of the Services and/or Additional Services or
the manner in which any of the Services and/or Additional Services are provided in the ordinary course of business; provided, however, that no such modification shall materially diminish the Services and/or Additional Services or have a
materially adverse effect on the business of HLSS. 
 (b) ALTISOURCE will use commercially reasonable efforts to provide the
Services and/or Additional Services within a time frame so as not to materially disrupt the business of HLSS. 
 (c) ALTISOURCE
shall provide disaster recovery and data backup services related to the Services and/or Additional Services to HLSS, provided that such disaster recovery and data backup services are generally performed by ALTISOURCE for its own behalf. To the
extent that such disaster recovery and data backup services are not performed by ALTISOURCE for its own behalf, ALTISOURCE shall not be obliged to perform such services for HLSS. 

4. Fees, Invoicing and Payment. 
 (a) As compensation for a particular Service or Additional Service, HLSS agrees to pay to ALTISOURCE the Fully Allocated Cost of providing the Services and/or Additional Services in accordance with this
Agreement or such other compensation amount or methodology as specified in such SOW. 

  
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 (b) ALTISOURCE shall submit statements of account to HLSS on a monthly basis with respect to
all amounts payable by HLSS to ALTISOURCE hereunder (the “Invoiced Amount”), setting out the Services and/or Additional Services provided, and the amount billed to HLSS as a result of providing such Services and/or Additional
Services (together with, in arrears, any Commingled Invoice Statement (as defined below) and any other invoices for Services and/or Additional Services provided by third parties, in each case setting out the Services and/or Additional Services
provided by the applicable third parties). HLSS shall pay the Invoiced Amount to ALTISOURCE by wire transfer of immediately available funds to an account or accounts specified by ALTISOURCE, or in such other manner as specified by ALTISOURCE in
writing, or otherwise reasonably agreed to by the parties, within 30 days of the date of delivery to HLSS of the applicable statement of account; provided, that, in the event of any dispute as to an Invoiced Amount, HLSS shall pay the
undisputed portion, if any, of such Invoiced Amount in accordance with the foregoing, and shall pay the remaining amount, if any, promptly upon resolution of such dispute. 
 (c) ALTISOURCE may cause any third party to which amounts are payable by or for the account of HLSS in connection with Services and/or Additional Services to issue a separate invoice to HLSS for such
amounts. HLSS shall pay or cause to be paid any such separate third party invoice in accordance with the payment terms thereof. Any third party invoices that aggregate Services and/or Additional Services for the benefit of HLSS, on the one hand,
with services not for the benefit of HLSS, on the other hand (each, a “Commingled Invoice”), shall be separated by ALTISOURCE. ALTISOURCE shall prepare a statement indicating that portion of the invoiced amount of such Commingled
Invoice that is attributable to Services and/or the Additional Services rendered for the benefit of HLSS (the “Commingled Invoice Statement”). ALTISOURCE shall deliver such Commingled Invoice Statement and a copy of the Commingled
Invoice to HLSS. HLSS shall, within 30 days after the date of delivery to HLSS of such Commingled Invoice Statement, pay or cause to be paid the amount set forth on such Commingled Invoice Statement to the third party, and shall deliver evidence of
such payment to ALTISOURCE. ALTISOURCE shall not be required to use its own funds for payments to any third party providing any of the Services and/or Additional Services or to satisfy any payment obligation of HLSS or any of its Affiliates to any
third party provider; provided, however, that in the event ALTISOURCE does use its own funds for any such payments to any third party, HLSS shall reimburse ALTISOURCE for such payments as invoiced by ALTISOURCE within 30 days following the
date of delivery of such invoice from ALTISOURCE. 
 (d) ALTISOURCE may, in its discretion and without any liability, suspend
any performance under this Agreement upon failure of HLSS to make timely any payments required under this Agreement beyond the applicable cure date specified in Section 5(b)(8) of this Agreement. 

(e) In the event that HLSS does not make any payment required under the provisions of this Agreement to ALTISOURCE when due in accordance
with the terms hereof, ALTISOURCE may, at its option, charge HLSS interest on the unpaid amount at the rate of 2% per annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or its successor). In addition, HLSS shall reimburse
ALTISOURCE for all costs of collection of overdue amounts, including any reimbursement required under Section 4(c) and any reasonable attorneys’ fees. 

  
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 (f) HLSS acknowledges and agrees that it shall be responsible for any interest or other
amounts with respect to any portion of any Commingled Invoice that HLSS is required to pay or ALTISOURCE pays on HLSS’ behalf pursuant to any Commingled Invoice Statement. 

5. Term; Termination. 
 (a) Term. The term of this Agreement shall commence on the Effective Date and shall continue in full force and effect for six (6) years (“Initial Term”) or the earlier date
upon which this Agreement has been otherwise terminated in accordance with the terms hereof. At the end of the Initial Term, this Agreement shall automatically renew for additional successive terms of six (6) years. Upon the expiration of the
Initial Term, either party may terminate this Agreement by providing a 120 day’s prior written notice of termination to the other party. 
 (b) Termination. During the Initial Term of this Agreement, this Agreement (or, with respect to items (1), (3), (4), (5), (6) and (7) below, the particular SOW only) may be terminated:

  

	 	(1)	by HLSS, if HLSS is prohibited by law from receiving such Services and/or Additional Services from ALTISOURCE; by ALTISOURCE if ALTISOURCE is prohibited by law from
providing such Services and/or Additional Services to HLSS; 

  

	 	(2)	 by HLSS, in the event of a material breach of any covenant or representation and warranty contained herein or otherwise directly relating to or
affecting the Services and/or Additional Services to be provided hereunder of ALTISOURCE that cannot be or has not been cured by the 60th day from HLSS giving written notice of such breach to ALTISOURCE and to the extent that ALTISOURCE is not working
diligently to cure such breach; 

  

	 	(3)	 by HLSS, if ALTISOURCE fails to comply with all applicable regulations to which ALTISOURCE is subject directly relating to or affecting the Services
and/or Additional Services to be performed hereunder, which failure cannot be or has not been cured by the
60th day from HLSS giving written notice of such failure
to ALTISOURCE and to the extent that ALTISOURCE is not working diligently to cure such breach; 

  

	 	(4)	 by HLSS, if ALTISOURCE is cited by a Governmental Authority for materially violating any law governing the performance of a Service and/or Additional
Service, which violation cannot be or has not been cured by the 60th day from HLSS’s giving written notice of such citation to ALTISOURCE and to the extent that ALTISOURCE is not working diligently to cure such breach; 

  
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	 	(5)	 by HLSS, if ALTISOURCE fails to meet any Performance Standard for a period of three consecutive months, which failure cannot be or has not been cured
by the 30th day from HLSS’s giving written notice of
such failure to ALTISOURCE and to the extent that ALTISOURCE is not working diligently to cure such breach; 

  

	 	(6)	 by ALTISOURCE, if HLSS fails to make any payment for any portion of Services and/or Additional Services the payment of which is not being disputed in
good faith by HLSS, which payment remains unmade by the
30th day from ALTISOURCE’s giving of written notice
of such failure to HLSS; 

  

	 	(7)	 by HLSS, in the event that ALTISOURCE enters into the business of owning mortgage servicing rights or other assets which are similar to the business of
HLSS, which breach cannot be or has not been cured by the 60th day from HLSS’s giving written notice of such event to ALTISOURCE and to the extent that ALTISOURCE is not working diligently to cure such breach; and 

 

	 	(8)	by either party, if the other party (A) becomes insolvent, (B) files a petition in bankruptcy or insolvency, is adjudicated bankrupt or insolvent or files any
petition or answer seeking reorganization, readjustment or arrangement of its business under any law relating to bankruptcy or insolvency, or if a receiver, trustee or liquidator is appointed for any of the property of the other party and within 60
days thereof such party fails to secure a dismissal thereof or (C) makes any assignment for the benefit of creditors; 

 (c) No termination, cancellation or expiration of this Agreement shall prejudice the right of ALTISOURCE to receive payment due at the time of termination, cancellation or expiration (or any payment
accruing as a result thereof), nor shall it prejudice any cause of action or claim of either party hereto accrued or to accrue by reason of any breach or default by the other party hereto. 

(d) Notwithstanding any provision herein to the contrary, Sections 4, 6 and 9 through 16 of this Agreement
shall survive the termination of this Agreement. 
 6. Miscellaneous. 

(a) Counterparts; Entire Agreement; Corporate Power. 
 (1) This Agreement may be executed in one or more counterparts, including by facsimile or by e-mail delivery of a “.pdf” format data file, all of which shall be considered one and the same
agreement, and shall become effective when one or more counterparts have been signed by each party hereto or thereto and delivered to the other parties hereto or thereto. 
 (2) This Agreement, any SOWs and the exhibits, schedules and appendices hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof,

  
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supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there are no agreements or
understandings between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein. 
 (3)
HLSS represents and ALTISOURCE represents, as follows: 
  

	 	(i)	each has the requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform this
Agreement; and 

  

	 	(ii)	this Agreement has been duly executed and delivered by it and constitutes, a valid and binding agreement enforceable in accordance with the terms hereof.

 (b) Governing Law. This Agreement shall be governed by and construed and interpreted in accordance with
the internal laws of the Grand Duchy of Luxembourg applicable to contracts made and to be performed wholly in such jurisdiction and irrespective of the choice of law principles of the Grand Duchy of Luxembourg, as to all matters. 

(c) Third Party Beneficiaries. Except for the indemnification rights under this Agreement of any HLSS Indemnitee or ALTISOURCE
Indemnitee in their respective capacities as such, (a) the provisions of this Agreement are solely for the benefit of the parties hereto or thereto and are not intended to confer upon any Person except the parties hereto or thereto any rights
or remedies hereunder and (b) there are no third party beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement, cause of action or other right in excess of those
existing without reference to this Agreement. 
 (d) Notices. All notices and other communications hereunder shall be in
writing and shall be deemed given: (a) upon receipt if delivered personally or if mailed by registered or certified mail, return receipt requested and postage prepaid or (b) at noon on the business day after dispatch if sent by a
nationally recognized overnight courier; and (c) if such notice is to ALTISOURCE, when (a) or (b) has occurred and a copy is sent and received by e-mail to: contractmanagement@altisource.com. All notices shall be delivered to the
following address and e-mail address if to ALTISOURCE (or at such other address a party may specify by like notice): 
 If to
HLSS, to: 
 Home Loan Servicing Solutions, Ltd 

2002 Summit Boulevard, 6th Floor 
 Atlanta, Georgia 30319 
 Attention: General Counsel 

If to ALTISOURCE to: 
 Altisource Solutions S.à r.l. 
 291, route d’Arlon, 

L-1150 Luxembourg 

Attention: Board of Managers. 
 With a cc to: contractmanagement@altisource.com 

  
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 (e) Severability. If any provision of this Agreement or the application thereof to
any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions
other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions
contemplated hereby or thereby, as the case may be, is not affected in any manner materially adverse to either Party. Upon any such determination, the Parties shall negotiate in good faith in an effort to agree upon a suitable and equitable
provision to effect the original intent of the Parties. 
 (f) Headings. The article, section and paragraph headings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 (g) Waivers of Default. Waiver by any party hereto of any default of any provision of this Agreement shall not be deemed a waiver by the waiving party of any subsequent or other default.

 (h) Specific Performance. Notwithstanding the procedures set forth in Section 10, in the event of any actual or
threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the party or parties who are to be hereby or thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief
of its rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The other party or parties shall not oppose the granting of such relief. The parties
to this Agreement agree that the remedies at law for any breach or threatened breach hereof or thereof, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at
law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived. 
 (i)
Amendments. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any party hereto or thereto, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized
representative of the party against whom it is sought to enforce such waiver, amendment, supplement or modification. 
 (j)
Interpretation. Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other genders as the context requires. The terms “hereof,” “herein, “and
“herewith” and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement (including all of the schedules, exhibits and appendices hereto) and not to any particular provision of this Agreement. Article,
Section, Exhibit, Schedule and Appendix references are to the articles, sections, exhibits, schedules and appendices of or to this Agreement unless otherwise specified. Any reference herein to this Agreement, unless otherwise stated, shall be
construed to refer to this Agreement as amended, 

  
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supplemented or otherwise modified from time to time. The word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,”
unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. There shall be no presumption of interpreting this Agreement or any provision hereof against the draftsperson of this Agreement or
any such provision. 
 (k) Jurisdiction; Service of Process. Any action or proceeding arising out of or relating to this
Agreement shall be brought in the courts of the Grand Duchy of Luxembourg (if any party to such action or proceeding has or can acquire jurisdiction), and each of the parties hereto or thereto irrevocably submits to the exclusive jurisdiction of
each such court in any such action or proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the action or proceeding shall be heard and determined only in any such
court and agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court. The parties to this Agreement agree that any of them may file a copy of this paragraph with any court as written evidence of the
knowing, voluntary and bargained agreement between the parties hereto and thereto irrevocably to waive any objections to venue or to convenience of forum. Process in any action or proceeding referred to in the first sentence of this Section may be
served on any party to this Agreement anywhere in the world. 
 (l) Waiver of Jury Trial. EACH PARTY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY, WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE
SITTING WITHOUT A JURY. 
 7. Intellectual Property. HLSS grants to ALTISOURCE and its Affiliates a limited,
non-exclusive, fully paid-up, nontransferable, revocable license, without the right to sublicense, for the term of this Agreement to use all intellectual property owned by or, to the extent permitted by the applicable license, licensed to HLSS
solely to the extent necessary for ALITSOURCE to perform its obligations hereunder. 

  
 13 

 8. Cooperation; Access. 

(a) HLSS shall permit ALTISOURCE and its employees and representatives access, on business days during hours that constitute regular
business hours for HLSS and upon reasonable prior request, to the premises of HLSS and such data, books, records and personnel designated by HLSS as involved in receiving or overseeing the Services and/or Additional Services as ALTISOURCE may
reasonably request for the purposes of providing the Services and/or Additional Services. ALTISOURCE shall provide HLSS, upon reasonable prior written notice, such documentation relating to the provision of the Services and/or Additional Services as
HLSS may reasonably request for the purposes of confirming any Invoiced Amount or other amount payable pursuant to any Commingled Invoice Statement or otherwise pursuant to this Agreement. Any documentation so provided to ALTISOURCE pursuant to this
Section will be subject to the confidentiality obligations set forth in Section 9 of this Agreement. 
 (b) Each
party hereto shall designate a relationship manager (each, a “Relationship Executive”) to report and discuss issues with respect to the provision of the Services and/or Additional Services and successor relationship executives in
the event that a designated Relationship Executive is not available to perform such role hereunder. The initial Relationship Executive designated by HLSS shall be James E. Lauter, and the initial Relationship Executive designated by ALTISOURCE shall
be Robert D. Stiles. Either party may replace its Relationship Executive at any time by providing written notice thereof to the other party hereto. 
 9. Confidentiality. 
 (a) Subject to Section 9(c) below, each of HLSS
and ALTISOURCE, agrees to hold, and to cause its directors, officers, employees, agents, accountants, counsel and other advisors and representatives to hold, in strict confidence, with at least the same degree of care that applies to confidential
and proprietary Information of ALTISORUCE pursuant to policies in effect as of the Effective Date, all Information concerning the other party that is either in its possession (including Information in its possession prior to the Effective Date) or
furnished by the other party or its directors, officers, employees, agents, accountants, counsel and other advisors and representatives at any time pursuant to this Agreement, or otherwise, and shall not use any such Information other than for such
purposes as shall be expressly permitted hereunder, except, in each case, to the extent that such Information has been (i) in the public domain through no fault of such party or any of their respective directors, officers, employees, agents,
accountants, counsel and other advisors and representatives, (ii) later lawfully acquired from other sources by such party, which sources are not known by such party to be themselves bound by a confidentiality obligation, or
(iii) independently generated without reference to any proprietary or confidential Information of the other party. 
 (b)
Each party agrees not to release or disclose, or permit to be released or disclosed, any such Information (excluding Information described in clauses (i), (ii) and (iii) of Section 9 (a) above, to any other Person, except its
directors, officers, employees, agents, accountants, counsel and other advisors and representatives who need to know such information (who shall be advised of their obligations hereunder with respect to such information), except in compliance with
Section 9(c). Without limiting the foregoing, when any Information is no longer needed for the purposes contemplated by this Agreement, each party will promptly, after request 

  
 14 

 
of the other party, either return the Information to the other party in a tangible form (including all copies thereof and all notes, extracts or summaries based thereon) or certify to the other
party that any Information not returned in a tangible form (including any such Information that exists in an electronic form) has been destroyed (and such copies thereof and such notes, extracts or summaries based thereon). 

(c) Protective Arrangements. In the event that either party determines on the advice of its counsel that it is required to
disclose any Information pursuant to applicable law or receives any demand under lawful process or from any Governmental Authority to disclose or provide Information of the other party that is subject to the confidentiality provisions hereof, such
party shall, to the extent permitted by law, notify the other party as soon as practicable prior to disclosing or providing such Information and shall cooperate, at the expense of the requesting party, in seeking any reasonable protective
arrangements requested by such other party. Subject to the foregoing, the Person that received such request may thereafter disclose or provide Information to the extent required by such law (as so advised by counsel) or by lawful process or such
Governmental Authority. 
 10. Dispute Resolution. 

(a) Disputes. Subject to Section 6(h), the procedures for discussion, negotiation and mediation set forth in this
Section 10 shall apply to all disputes, controversies or claims (whether arising in contract, tort or otherwise) that may arise out of or relate to, or arise under or in connection with, this Agreement. 

(b) Escalation; Mediation. 
 (i) It is the intent of the parties to use reasonable efforts to resolve expeditiously any dispute, controversy or claim between or among them with respect to the matters covered hereby that may
arise from time to time on a mutually acceptable negotiated basis. In furtherance of the foregoing, a party involved in a dispute, controversy or claim may deliver a notice (an “Escalation Notice”) demanding an in-person meeting involving
representatives of the parties at a senior level of management (or if the parties agree, of the appropriate strategic business unit or division within such entity). A copy of any such Escalation Notice shall be given to the General Counsel, or like
officer or official, of the party involved in the dispute, controversy or claim (which copy shall state that it is an Escalation Notice pursuant to this Agreement). Any agenda, location or procedures for such discussions or negotiations between the
parties may be established by the parties from time to time; provided, however, that the parties shall use reasonable efforts to meet within 30 days of the Escalation Notice. 
 (ii) If the parties are not able to resolve the dispute, controversy or claim through the escalation process referred to above, then the matter shall be referred to mediation. The parties shall retain a
mediator to aid the parties in their discussions and negotiations by informally providing advice to the parties. Any opinion expressed by the mediator shall be strictly advisory and shall not be binding on the parties or be admissible in any other
proceeding. The mediator may be chosen from a list of mediators previously selected by the parties or by other agreement of the parties. Costs of the mediation shall be borne equally by the parties involved in the matter, except that each party
shall be responsible for its own expenses. Mediation shall be a prerequisite to the commencement of any Action by either party against the other party. 

  
 15 

 (iii) In the event that any resolution of any dispute, controversy or claim pursuant to the
procedures set forth in Section 10(b) (i) or (ii) in any way affects an agreement or arrangement between either of the parties and a third party insurance carrier, the consent of such third party insurance carrier to
such resolution, to the extent such consent is required, shall be obtained before such resolution can take effect. 
 (c)
Court Actions. 
 (i) In the event that either party, after complying with the provisions set forth in
Section 10(b), desires to commence an Action, such party may submit the dispute, controversy or claim (or such series of related disputes, controversies or claims) to any court of competent jurisdiction. 

(ii) Unless otherwise agreed in writing, the parties will continue to provide service and honor all other commitments under this
Agreement during the course of dispute resolution pursuant to the provisions of this Section 10 with respect to all matters not subject to such dispute, controversy or claim. 

11. Warranties; Limitation of Liability; Indemnity. 
 (a) Other than the statements expressly made by ALTISOURCE in this Agreement, ALTISOURCE makes no representation or warranty, express or implied, with respect to the Services and/or Additional Services
and, except as provided in Subsection (b) of this Section 11, HLSS hereby waives, releases and renounces all other representations, warranties, obligations and liabilities of ALTISOURCE, and any other rights, claims and
remedies of HLSS against ALTISOURCE, express or implied, arising by law or otherwise, with respect to any nonconformance, error, omission or defect in any of the Services and/or Additional Services, including (i) any implied warranty of
merchantability or fitness for a particular purpose, (ii) any implied warranty of non-infringement or arising from course of performance, course of dealing or usage of trade and (iii) any obligation, liability, right, claim or remedy in
tort, whether or not arising from the negligence of ALTISOURCE. 
 (b) None of ALTISOURCE or any of its Affiliates or any of
its or their respective officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives shall be liable for any action taken or omitted to be taken by ALTISOURCE or such person under or in connection with this
Agreement, except that ALTISOURCE shall be liable for direct damages or losses incurred by HLSS arising out of the gross negligence or willful misconduct of ALTISOURCE or any of its or their respective officers, directors, employees, agents,
attorneys-in-fact, contractors or other representatives in the performance or nonperformance of the Services and/or Additional Services. 
 (c) In no event shall the aggregate amount of all such damages or losses for which ALTISOURCE may be liable under this Agreement exceed the aggregate total sum received by ALTISOURCE for the Services
and/or Additional Services; provided, that, no such cap shall apply to liability for damages or losses arising from or relating to breaches of Section 9 (relating to confidentiality), infringement of Intellectual Property or fraud
or criminal acts. Except as provided in Subsection (b) of this Section 11, none of ALTISOURCE or any of its Affiliates or any of its or their respective officers, directors, employees, agents, attorneys-in-fact, contractors
or other representatives shall be liable for any action taken or omitted to be taken by, or the negligence, gross negligence or willful misconduct of, any third party. 

  
 16 

 (d) Notwithstanding anything to the contrary herein, none of ALTISOURCE or any of its
Affiliates or any of its or their respective officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives shall be liable for damages or losses incurred by HLSS or any of HLSS’s Affiliates for any action taken
or omitted to be taken by ALTISOURCE or such other person under or in connection with this Agreement to the extent such action or omission arises from actions taken or omitted to be taken by, or the negligence, gross negligence or willful misconduct
of, HLSS or any of HLSS’s Affiliates. 
 (e) No party hereto or any of its Affiliates or any of its or their respective
officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives shall in any event have any obligation or liability to the other party hereto or any such other person whether arising in contract (including warranty),
tort (including active, passive or imputed negligence) or otherwise for consequential, incidental, indirect, special or punitive damages, whether foreseeable or not, arising out of the performance of the Services and/or Additional Services or this
Agreement, including any loss of revenue or profits, even if a party hereto has been notified about the possibility of such damages; provided, however , that the provisions of this Subsection (e) shall not limit the
indemnification obligations hereunder of either party hereto with respect to any liability that the other party hereto may have to any third party not affiliated with ALTISOURCE or HLSS for any incidental, consequential, indirect, special or
punitive damages. 
 (f) HLSS shall indemnify and hold ALTISOURCE and its Affiliates and any of its or their respective
officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives harmless from and against any and all damages, claims or losses that ALTISOURCE or any such other person may at any time suffer or incur, or become
subject to, as a result of or in connection with this Agreement or the Services and/or Additional Services provided hereunder, except those damages, claims or losses incurred by ALTISOURCE or such other person arising out of the gross negligence or
willful misconduct by ALTISOURCE or such other person. 
 (g) Neither party hereto may bring an action against the other under
this Agreement (whether for breach of contract, negligence or otherwise) more than six months after that party becomes aware of the cause of action, claim or event giving rise to the cause of action or claim or one year after the termination of this
Agreement, whichever is shorter. 
 12. Taxes. Each party hereto shall be responsible for the cost of any sales, use,
privilege and other transfer or similar taxes imposed upon that party as a result of the Services and/or Additional Services contemplated hereby. Any amounts payable under this Agreement are exclusive of any goods and services taxes, value added
taxes, sales taxes or similar taxes (“Sales Taxes”) now or hereinafter imposed on the performance or delivery of Services and/or Additional Services, and an amount equal to such taxes so chargeable shall, subject to receipt of a
valid receipt or invoice as required below in this Section 12, be paid by HLSS to ALTISOURCE in addition to the amounts otherwise payable under this Agreement. In each case where Sales Tax is payable by HLSS in respect of a Service
and/or Additional Service 

  
 17 

 
provided by ALTISOURCE, ALTISOURCE shall furnish in a timely manner a valid Sales Taxes receipt or invoice to HLSS in the form and manner required by applicable law to allow HLSS to recover such
tax to the extent allowable under such law. Additionally, if ALTISOURCE is required to pay ‘gross-up’ on withholding taxes with respect to provision of the Services and/or Additional Services, such taxes shall be billed separately as
provided above and shall be owing and payable by HLSS. Any applicable property taxes resulting from provision of the Services and/or Additional Services shall be payable by the party owing or leasing the asset subject to such tax. 

13. Public Announcements. No party to this Agreement shall make, or cause to be made, any press release or public announcement or
otherwise communicate with any news media in respect of this Agreement or the transactions contemplated by this Agreement without the prior written consent of the other party hereto unless otherwise required by law, in which case the party making
the press release, public announcement or communication shall give the other party reasonable opportunity to review and comment on such and the parties shall cooperate as to the timing and contents of any such press release, public announcement or
communication. 
 14. Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and permitted assigns. No party hereto may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval of the other party hereto; provided, however,
that either party may assign this Agreement without the consent of the other party to any third party that acquires, by any means, including by merger or consolidation, all or substantially all the stock or consolidated assets of such party. Any
purported assignment in violation of this Section 14 shall be void and shall constitute a material breach of this Agreement. 
 15. Relationship of the Parties. The parties hereto are independent contractors and none of the parties hereto is an employee, partner or joint venturer of the other. Under no circumstances shall
any of the employees of a party hereto be deemed to be employees of the other party hereto for any purpose. Except as expressly provided in Section 4(c), none of the parties hereto shall have the right to bind the others to any agreement
with a third party or to represent itself as a partner or joint venturer of the other by reason of this Agreement. 
 16.
Force Majeure. Neither party hereto shall be in default of this Agreement by reason of its delay in the performance of, or failure to perform, any of its obligations hereunder if such delay or failure is caused by strikes, acts of God, acts
of the public enemy, acts of terrorism, riots or other events that arise from circumstances beyond the reasonable control of that party. During the pendency of such intervening event, each of the parties hereto shall take all reasonable steps to
fulfill its obligations hereunder by other means and, in any event, shall upon termination of such intervening event, promptly resume its obligations under this Agreement. 
 * * * * * 

  
 18 

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

			
	HOME LOAN SERVICING SOLUTIONS, LTD
		
	By	 	 
		 	 Name:

Title:

  

			
	ALTISOURCE SOLUTIONS S.À R.L.
		
	By	 	 
		 	 Name:

Title:

  
 19 

 SCHEDULE I 

SERVICES 
  

			
	 Services Provided
	  	Service Period
(years)
		
	 HUMAN RESOURCES

Services Provided:
  

•    Benefit Plan Design and Administration

 
 •    Employee and
Contractor On-boarding
  

•    Employee Engagement

 
 •    HR
Administration
  

•    HR Strategy and Consulting

 
 •    HRIS
Administration and Reporting
  

•    Performance Management Platforms

 
 •    Personnel
Files
  

•    Recruiting and Hiring

 
 •    Salary and
Incentive Compensation Administration
  
 •    Training and Compliance Support
  
	  	6
	 LAW
  
 Services Provided:
  
 •    Contract Review
  

•    Corporate Governance

 
 •    Intellectual
Property Maintenance
  

•    License Maintenance

 
 •    Litigation
Management
  

•    Regulatory Compliance
	  	6
		
	Risk Management and Six Sigma	  	6
		
	Services Provided:	  	
		
	 •    Information Security
	  	
		
	 •    Internal Audit
	  	
		
	 •    Loan Quality
	  	
		
	 •    Quality Assurance
	  	
		
	 •    Risk Management
	  	
		
	 •    SOX Compliance and SAS 70
	  	
		
	 •    Six Sigma
	  	
		
	 •    Business Continuity and Disaster Recovery Planning
	  	

			
	 Services Provided
	  	Service Period
(years)
		
	 OTHER OPERATIONS SUPPORT
  

Services Provided:
  

•    Capital Markets

 

•    Modeling

 
 •    Quantitative
Analytics
  

•    General Business Consulting

 
 •    Consumer
Psychology Services
	  	6
		
	 CORPORATE SERVICES
  

Services Provided:
  

•    Facilities Management

 
 •    Reception and
Mailroom Support
  

•    Physical Security

 
 •    Travel
Services
	  	6
		
	 TECHNOLOGY SERVICES
  

Services Provided:
  

•    Telephone, Technology and Desktop Support
	  	6
		
	 FINANCE AND ACCOUNTING
  

Services Provided:
  

•    Accounting Services and Reporting

 
 •    Accounts
Payable
  

•    Accounts Receivable

 
 •    Corporate
Secretary Support
  

•    Financial Reporting

 
 •    Payroll
Services
  

•    Tax Services

 

•    Treasury
  
	  	6
	 •    Portfolio Valuation and Analysis

 
 •    Advance
Funding Administration
	  	

			
	 Services Provided
	  	Service Period
(years)
		  	
	 VENDOR MANAGEMENT OPERATIONS
  

Services Provided:
  

•    Contract Negotiation

 
 •    Vendor
Compliance
  

•    Vendor Management Services

 
 •    Insurance Risk
Management
	  	6NBCUniversal 2011 Deferred Compensation Plan

 Exhibit 4.1 
 NBCUNIVERSAL 
 2011 DEFERRED COMPENSATION PLAN 

 NBCUNIVERSAL 
 2011 DEFERRED COMPENSATION PLAN 
 ARTICLE I - PURPOSE; EFFECTIVE
DATE 
  

	1.1.	Purpose. The purpose of this NBCUniversal 2011 Deferred Compensation Plan (hereinafter, the “Plan”) is to permit a select group of highly
compensated employees of NBCUNIVERSAL MEDIA, LLC (and its selected subsidiaries and/or affiliates) to defer the receipt of income which would otherwise become payable to them. It is intended that this Plan, by
providing these eligible individuals an opportunity to defer the receipt of income, will assist in retaining and attracting individuals of exceptional ability. 

 

	1.2.	Effective Date. This Plan shall be effective on the day after the Closing, as defined herein. 

 

	1.3.	Plan Type. For purposes of Section 409A, the portion of the amounts deferred by the Participants and benefits attributable thereto, shall be
considered an elective account balance plan as defined in Treas. Reg. Section 1.409A -1(c)(2)(i)(A), or as otherwise provided by the Code; the portion of the amounts deferred as employer contributions and benefits attributable thereto, shall be
considered a nonelective account balance plan as defined in Treas. Reg. Section 1.409A -1(c)(2)(i)(B), or as otherwise provided by the Code. 

 ARTICLE II - DEFINITIONS 
 For the purpose of this Plan, the
following terms shall have the meanings indicated, unless the context clearly indicates otherwise: 
  

	2.1.	Account(s). “Account(s)” means the account or accounts maintained on the books of the Company used solely to calculate the amount payable to
each Participant under this Plan and shall not constitute a separate fund of assets. Account(s) shall be deemed to exist from the time amounts are first credited to such Account(s) until such time that the entire Account Balance has been distributed
in accordance with this Plan. The Accounts available for each Participant shall be identified as: 

  

	 	a)	Company Contribution Account; 

  

	 	b)	Retirement Account; and, 

  

	 	c)	In-Service Account; each Participant may maintain up to two (2) In-Service Accounts based on selecting different times and/or form of payments as selected under
Article 5, below. 

 Notwithstanding the limitations on the number of Accounts permitted above, the Participant
shall be permitted to maintain the number of Accounts which the Committee may, in its sole discretion, permit in writing prior to the establishment of such Accounts. 

  
 -2-

	2.2.	Affiliate. “Affiliate” means, with respect to any Person, any other person that, directly or indirectly, is in control of, is controlled by, or
is under common control with, such Person. For purposes of this definition, the term “control,” including its correlative terms “controlled by” and “under common control with,” mean, with respect to any Person, the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. 

 

	2.3.	Beneficiary. “Beneficiary” means the Person(s) designated by the Participant, entitled under Article VI to receive any Plan benefits payable
after the Participant’s death. 

  

	2.4.	Board. “Board” means the Board of Directors of Comcast. 

 

	2.5.	Closing. “Closing” means the closing of the transactions contemplated by the Master Agreement. For this purpose, the term “Master
Agreement” means the Master Agreement, dated as of December 3, 2009, by and among: the General Electric Company, a New York corporation; NBC Universal, Inc., a Delaware corporation; Comcast; and, Navy, LLC, a Delaware limited liability
company. 

  

	2.6.	Code. “Code” means the Internal Revenue Code of 1986, as may be amended from time to time. Any reference in this Plan to “applicable
guidance”, “further guidance” or other similar term shall include any proposed, temporary or final regulations, or any other guidance, promulgated with respect to or in connection with Section 409A by the U.S. Department of
Treasury or the Internal Revenue Service. 

  

	2.7.	Comcast. “Comcast” means Comcast Corporation, a Pennsylvania corporation, including any successor thereto by merger, consolidation, acquisition
of all or substantially all the assets thereof, or otherwise. 

  

	2.8.	Committee. “Committee” means the Compensation Committee of the Board. The Committee may delegate its authority under the Plan, in whole or in
part, to a person, persons or committee, and such delegate shall have the authority of the Committee to the extent of such delegation. 

  

	2.9.	Company. “Company” means NBCUNIVERSAL MEDIA, LLC, a Delaware limited liability company, or any successor to
the business thereof. 

  

	2.10.	Compensation. “Compensation” means the base salary payable to and bonus or incentive compensation earned by a Participant with respect to
employment services performed for a Participating Employer by the Participant and considered to be “wages” for purposes of federal income tax withholding. For purposes of this Plan only, Compensation shall be calculated before reduction
for any amounts deferred by the Participant pursuant to the Company’s tax qualified plans which may be maintained under Section 401(k) or Section 125 of the Code, or pursuant to this Plan or any other non-qualified plan which permits
the voluntary deferral of compensation. Inclusion of any other forms of compensation is subject to Committee approval, made prior to the time that any Deferral Commitment is required to be filed under this Plan. 

  
 -3-

	2.11.	Deferral Commitment. “Deferral Commitment” means a commitment made by a Participant to defer a portion of Compensation as set forth in Article
III, and as permitted by the Committee in its sole discretion. The Deferral Commitment shall apply to each payment of Compensation payable to a Participant, and the Committee is empowered to group the various types of Compensation together for
purposes of effecting the election to defer. By way of example: the Committee may apply the election to defer “salary” to salary, commissions, and any other regularly occurring form of compensation; or the Committee may apply the election
to defer “bonus” to annual bonuses, short-term bonus, long term bonus arrangements and other forms of incentive based compensation, unless specifically identified. The Deferral Commitment shall specify the Account or Accounts to which the
Compensation deferred shall be credited. Such designation shall be made in the form of whole percentages, as limited by Section 3.2(b) and (d) below. A Deferral Commitment with respect to any bonus or incentive compensation which is
determined by the Committee to be Performance Based Compensation within the meaning of Section 409A of the Code shall be made as provided by the Committee, but no later than six (6) months prior to the end of such performance period. Any
Deferral Commitment shall be made in a form and at a time deemed acceptable to the Committee. 

  

	2.12.	 Deferral Period. “Deferral Period” means each calendar year, except that if a Participant first becomes eligible after the
beginning of a calendar year, the initial Deferral Period shall be the date the Participant first becomes eligible to participate in this Plan through and including December 31st of that calendar year. 

 

	2.13.	Determination Date. “Determination Date” means each calendar day. 

 

	2.14.	Disability. “Disability” means: 

  

	 	a)	an individual’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected
to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or 

  

	 	b)	Circumstances under which, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for
a continuous period of not less than twelve (12) months, an individual is receiving income replacement benefits for a period of not less than three (3) months under an accident or health plan covering employees of the individual’s
employer. 

  

	2.15.	Distribution Election. “Distribution Election” means the form prescribed by the Committee and completed by the Participant, indicating the
chosen form of payment for benefits payable from each Account under this Plan, as elected by the Participant. 

  

	2.16.	Discretionary Contribution. “Discretionary Contribution” means the Company contribution credited to a Participant’s Account(s) under
Section 4.4, below. 

  

	2.17.	 Financial Hardship. “Financial Hardship” means a severe financial hardship to the Participant resulting from an illness or
accident of the Participant, the Participant’s spouse, 

  
 -4-

	 	
or a dependent (as defined in Section 152(a) of the Code) of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the participant. 

  

	2.18.	401(k) Plan. “401(k) Plan” means the “NBCUniversal Capital Accumulation Plan (“CAP”)”, or any other successor defined
contribution plan maintained by the Company that qualifies under Section 401(a) of the Code and satisfies the requirements of Section 401(k) of the Code. 

 

	2.19.	Interest. “Interest” means the amount credited to or charged against a Participant’s Account(s) on each Determination Date, which shall be
based on the Valuation Funds chosen by the Participant as provided in Section 2.27, below and in a manner consistent with Section 4.3, below. Such credits or charges to a Participant’s Account may be either positive or negative to
reflect the increase or decrease in value of the Account in accordance with the provisions of this Plan. 

  

	2.20.	Participant. “Participant” means any individual who is eligible, pursuant to Section 3.1, below, to participate in this Plan, and who
either, has elected to defer Compensation under this Plan in accordance with Article III, below, or who is determined by the Committee in their sole discretion as being eligible to receive a Discretionary Contribution, or for whom an Account Balance
is maintained under this Plan. Such individual shall remain a Participant in this Plan for the period of deferral, or credit, and until such time as all benefits payable under this Plan have been paid in accordance with the provisions hereof.

  

	2.21.	Participating Employer. “Participating Employer” means the entity whose employees are Participants under this Plan, and except as otherwise
provided by the Committee, include NBCUniversal, LLC, a Delaware limited liability company, and any subsidiary of NBCUniversal, LLC that is an Affiliate of NBCUniversal, LLC. 

 

	2.22.	Performance Based Compensation. “Performance Based Compensation” means the portion of Compensation determined by the Committee to satisfy the
requirements set forth in Treas. Reg. Section 1.409A-1(e), and such Performance Based Compensation may be determined on a fiscal or calendar year basis. 

 

	2.23.	Person. “Person” means an individual, a corporation, a partnership, an association, a trust or any other entity or organization.

  

	2.24.	Plan. “Plan” means this NBCUniversal 2011 Deferred Compensation Plan as amended from time to time. 

 

	2.25.	Retirement. “Retirement” means the termination of a Participant’s employment with a Participating Employer, for reasons other than death or
Disability, on or after attainment of age sixty (60) with at least five (5) years of continuous service with a Participating Employer, including service with an employer that is a party to the Master Agreement prior to the Closing.

  
 -5-

	2.26.	Termination. “Termination”, “terminates employment” or any other similar such phrase means a Participant’s “separation from
service” with a Participating Employer, for any reason, within the meaning of Section 409A of the Code, and Treas. Reg. Section1.409A-1(h) and other applicable guidance. 

 

	2.27.	Valuation Funds. “Valuation Funds” means one or more of the independently established funds or indices that are identified and listed by the
Committee. These Valuation Funds are used solely to calculate the Interest that is credited to each Participant’s Account(s) in accordance with Article IV, below, and do not represent, nor should it be interpreted to convey any beneficial
interest on the part of the Participant in any asset or other property of the Company. The determination of the increase or decrease in the performance of each Valuation Fund shall be made by the Committee in its reasonable discretion. The Committee
shall select the various Valuation Funds available to the Participants with respect to this Plan and shall set forth a list of these Valuation Funds attached hereto as Exhibit A, which may be amended from time to time in the discretion of the
Committee. 

 ARTICLE III - ELIGIBILITY AND PARTICIPATION 

 

	3.1.	Eligibility and Participation. 

  

	 	a)	Eligibility. Eligibility to participate in the Plan shall be limited to those non-union, select key employees of a Participating Employer, who are
otherwise eligible for U.S. benefits and who meet at least one of the following criteria (as determined by the Committee): 

  

	 	i)	Any E-Band employee of the a Participating Employer; 

  

	 	ii)	Any employee of a Participating Employer with annualized Compensation (including base salary plus target bonus) in excess of the annual compensation limit set forth in
Section 401(a)(17) of the Code determined by the Committee, no later than December 31, for that following calendar year; 

  

	 	iii)	Any employee of a Participating Employer who was eligible to participate in the Comcast Corporation 2005 Deferred Compensation Plan immediately preceding the date on
which such employee commenced service to the Participating Employer as an employee, provided that such an employee shall not commence to be eligible to participate in this Plan until the first day of the calendar year next following the last
calendar year in which such an employee was eligible to defer compensation in the Comcast Corporation 2005 Deferred Compensation Plan; and, 

  

	 	iv)	Any employee of a Participating Employer designated by the Committee from time to time, and approved for participation in this Plan. 

However, in no event shall an individual be eligible to participate in this Plan while such individual is eligible to defer compensation
under the Comcast Corporation 2005 Deferred Compensation Plan. 

  
 -6-

	 	b)	Participation. An individual’s participation in the Plan shall be effective upon the individual first becoming eligible to participate, and the
earlier of a contribution under this Plan being made on behalf of the Participant by the Company or the completion and submission of a Deferral Commitment, a Distribution Election, and an Allocation Form to the Committee at a time and in a form
determined by the Committee. 

  

	 	c)	First-Year Participation. When an individual first becomes eligible to participate in this Plan, and is not a Participant in another plan sponsored by the
Company or an Affiliate of the Company which is considered to be of a similar type as defined in Treas. Reg. Section 1.409A -1(c)(2)(i)(A) or (B), or as otherwise provided by the Code, a Deferral Commitment may be submitted to the Committee
within thirty (30) days after of the individual becoming eligible to participate. Such Deferral Commitment will be effective only with regard to Compensation earned and paid with respect to services performed following submission of the
Deferral Commitment to the Committee. 

  

	3.2.	Form of Deferral Commitment. A Participant may elect to make a Deferral Commitment at such other time and in such form as determined by the Committee, but
in no event later than the date on which the election is required to become irrevocable as set forth in this Article or otherwise required by Section 409A of the Code and applicable guidance, and the latest election on file as of that time
shall control. The Deferral Commitment shall specify the following: 

  

	 	a)	Timing of Deferral Election. The Participant shall make an election to defer Compensation by filing a Deferral Commitment with the Committee, and such
election shall become irrevocable no later than the last day of the calendar year prior to the Deferral Period, or as provided in Section 3.1(c), above, except that a deferral of base salary earned in calendar year 2011 shall not commence prior
to the effective date of the Closing. In addition, notwithstanding anything to the contrary, a Deferral Commitment with respect to Performance Based Compensation may be filed with the Committee and such election shall become irrevocable no later
than six months before the end of the performance period on which such Performance Based Compensation is based, provided such Participant has been continuously employed with the Participating Employer from the later of the beginning of the
performance period or the date on which the performance criteria for such Performance Based Compensation was established. 

  

	 	b)	Deferral Amounts; Accounts. A Deferral Commitment shall be made with respect to each payment and/or type of Compensation payable by the Company or a
Participating Employer to a Participant during the Deferral Period, and shall designate the portion of each deferral that shall be allocated among the various Retirement or In-Service Accounts. In addition, no amounts shall be deferred into an
In-Service Account during a Deferral Period when amounts are scheduled to be made from such Account and until such time as that entire Account Balance has been completely distributed. Notwithstanding anything to the contrary, for purposes of this
Plan only, base salary attributable to the final pay period of any calendar year shall be deemed to be earned in the subsequent calendar year, provided the amounts are in fact paid (or payable) in the subsequent calendar year under the Participating
Employer’s normal compensation practices. The Participant shall set forth the amount to be deferred in the manner provided by the Committee. 

  
 -7-

	 	c)	Allocation to Valuation Funds. The Participant shall specify in a separate form (known as the “Allocation Form”) filed with the Committee, the
Participant’s initial allocation of the amounts deferred into each Account among the various available Valuation Funds. 

  

	 	d)	Maximum Deferral. The maximum amount of salary that may be deferred shall be seventy-five percent (75%); the maximum amount of bonus or incentive
compensation that may be deferred shall be one hundred percent (100%). 

  

	3.3.	Period of Commitment. Any Deferral Commitment made by a Participant with respect to Compensation shall remain in effect for the immediately succeeding
Deferral Period, and shall remain in effect for all future Deferral Periods unless revoked or amended in writing by the Participant and delivered to the Committee prior to the time determined by the Committee but in no event later than the date on
which the election is required to become irrevocable as set forth in this Article or otherwise required by Section 409A of the Code and applicable guidance, except that if a Participant suffers a Disability or terminates employment prior to the
end of the Deferral Period, the Deferral Period shall end as of the date of Disability or termination. 

  

	3.4.	Irrevocability of Deferral Commitment. Except as provided in Section 3.3, above, a Deferral Commitment shall become irrevocable by the Participant as
of the last day on which an election may be made under the terms of this Plan and during the following Deferral Period. 

  

	3.5.	Change in Status. If the Committee determines that a Participant’s employment performance is no longer at a level that warrants reward through
participation in this Plan, but does not terminate the Participant’s employment with Company, the Participant’s existing Deferral Commitment shall terminate at the end of the current Deferral Period, and no new Deferral Commitment may be
made by such Participant after notice of such determination is given by the Committee, unless the Participant later satisfies the requirements of Section 3.1. 

 

	3.6.	Defaults in Event of Incomplete or Inaccurate Deferral Documentation. In the event that a Participant submits a Deferral Commitment, Allocation Form or
Distribution Election to the Committee that contains information necessary to the efficient operation of this Plan which, in the sole discretion of the Committee, is missing, incomplete or inaccurate, the Committee shall be authorized to treat such
form as if the following elections had been made by the Participant, and such information shall be communicated to the Participant: 

  

	 	a)	If no Account is listed – treat as if the Retirement Account was elected; 

 

	 	b)	If Accounts listed equal less than 100% – treat as if the balance was deferred into the Retirement Account; 

 

	 	c)	If Accounts listed equal more than 100% – proportionately reduce each Account to equal 100%; 

 

	 	d)	If an In-Service Account is listed, but no deferrals can be made into that Account due to the fact that benefits are scheduled to be paid or are being paid from that
In-Service Account, then the amounts elected to be deferred shall be credited to another In-Service Account, if such other In-Service Account is available for deferral, and if not, then to the Retirement Account during such period of payment, after
which time the balance of the amounts elected to be deferred shall be credited to a subsequent In-Service Account with a distribution date as elected or as provided in subsection (i), below; 

  
 -8-

	 	e)	If no Valuation Fund is selected – treat as if the Money Market Fund was elected (or, if no money market Fund is then available for investment, to such other fund
designated by the Committee); 

  

	 	f)	If the Valuation Fund(s) selected equal less than 100% – treat as if the Money Market Fund was elected for remaining balance (or, if no money market fund is then
available for investment, to such other Fund designated by the Committee); 

  

	 	g)	If the Valuation Fund(s) selected equal more than 100% – proportionately reduce each Valuation Fund to equal 100%; 

 

	 	h)	If no Distribution Election is chosen – treat as if lump sum was elected for In-Service Account and treat as if three (3) years of annual installments was
elected for Retirement Account and/or Company Contribution Account; and, 

  

	 	i)	If no time of payment is chosen for an In-Service Account – treat as if the earliest possible date available under the provisions of Section 5.3 below was
elected. 

 ARTICLE IV - DEFERRED COMPENSATION ACCOUNT 

 

	4.1.	Accounts. The Compensation deferred by a Participant under the Plan, any Discretionary Contributions and Interest shall be credited to the
Participant’s Account(s) as selected by the Participant, or as otherwise provided in this Article. Separate accounts may be maintained on the books of the Company to reflect the different Accounts chosen by the Participant, and the Participant
shall designate the portion of each deferral that will be credited to each Account as set forth in Section 3.2(a), above. These Accounts shall be used solely to calculate the amount payable to each Participant under this Plan and shall not
constitute a separate fund of assets. 

  

	4.2.	Timing of Credits; Withholding. A Participant’s deferred Compensation shall be credited to each Account designated by the Participant as soon as
practical after the date the Compensation deferred would have otherwise been payable to the Participant. Any Discretionary Contributions shall be credited to the appropriate Account(s) as provided by the Committee. Any withholding of taxes or other
amounts with respect to deferred Compensation or other amounts credited under this Plan that is required by local, state or federal law shall be withheld from the Participant’s corresponding non-deferred portion of the Compensation to the
maximum extent possible, and any remaining amount shall reduce the amount credited to the Participant’s Account in a manner specified by the Committee. 

 

	4.3.	 Valuation Funds. A Participant shall designate, at a time and in a manner acceptable to the Committee, one or more Valuation Funds for
each Account for the sole purpose of determining the amount of Interest to be credited or debited to such Account. Such election shall designate the portion of each deferral of Compensation made into each Account that shall be allocated among the
available Valuation Fund(s), and such election shall apply to each succeeding deferral of Compensation until such time as the Participant shall file a new election with the Committee. Upon notice to the Committee, the Participant shall also be
permitted to reallocate 

  
 -9-

	 	
the balance in each Valuation Fund among the other available Valuation Funds as determined by the Committee. The manner in which such elections shall be made, the frequency with which such
elections may be changed, and the manner in which such elections shall become effective shall be determined in accordance with the procedures to be adopted by the Committee from time to time. As of the Effective Date, such elections may be made on a
daily basis electronically, and such elections shall become effective on the date made or the next available Determination Date. The election of deemed investments among the options provided shall be the sole responsibility of each Participant. A
Participating Employer and Committee members are not authorized to make any recommendation to any Participant with respect to such election. Each Participant assumes all risk connected with any adjustment to the value of his or her Account. Neither
the Committee nor the Company in any way guarantees against loss or depreciation. 

  

	4.4.	Discretionary Contributions. In its sole discretion, Company may make Discretionary Contributions to a Participant’s Account. Discretionary
Contributions shall be credited at such times and in such amounts as approved by the Board or the Committee, in its sole discretion. Unless the Committee specifies otherwise, such Discretionary Contribution shall be allocated to the Company
Contribution Account. 

  

	4.5.	Determination of Accounts. Each Participant’s Account as of each Determination Date shall consist of the balance of the Account as of the immediately
preceding Determination Date, adjusted as follows: 

  

	 	a)	New Deferrals. Each Account shall be increased by any deferred Compensation credited since such prior Determination Date in the proportion chosen by the
Participant, except that no amount of new deferrals shall be credited to an Account at the same time that a distribution is to be made from that Account. 

  

	 	b)	Company Contributions. Each Account shall be increased by any Discretionary Contributions credited since such prior Determination Date as set forth in
section 4.4, above, or as otherwise directed by the Committee. 

  

	 	c)	Distributions. Each Account shall be reduced by the amount of each benefit payment made from that Account since the prior Determination Date.
Distributions shall be deemed to have been made proportionally from each of the Valuation Funds maintained within such Account based on the proportion that such Valuation Fund bears to the sum of all Valuation Funds maintained within such Account
for that Participant as of the Determination Date immediately preceding the date of payment. 

  

	 	d)	Interest. Each Account shall be increased or decreased by the Interest credited to such Account since such Determination Date as though the balance of
that Account as of the prior Determination Date had been invested in the applicable Valuation Funds chosen by the Participant. 

  
 -10-

	4.6.	Vesting of Accounts. Each Participant shall be vested in the amounts credited to such Participant’s Account and Interest thereon as follows:

  

	 	a)	Amounts Deferred. Unless otherwise expressly provided by the Committee, a Participant shall be one hundred percent (100%) vested at all times in the
amount of Compensation elected to be deferred under this Plan, including any Interest thereon. 

  

	 	b)	Discretionary Contributions. A Participant’s Discretionary Contributions and Interest thereon shall become vested as determined by the Committee at
the time the contribution is made, except that a Participant’s Discretionary Contributions and Interest thereon shall become one hundred (100%) vested as of death, or Disability. 

 

	4.7.	Statement of Accounts. To the extent that the Company does not arrange for Account balances to be accessible online by the Participant, the Committee
shall provide to each Participant a statement showing the balances in the Participant’s Account no less frequently than annually. 

 ARTICLE V - PLAN BENEFITS 
  

	5.1.	Company Contribution Account. The vested portion of a Participant’s Company Contribution Account shall be distributed to the Participant upon his or
her termination of employment with the Company. 

  

	 	a)	Timing of Payment. Benefits payable from the Company Contribution Account shall commence on the later of the April 1 of the calendar year immediately
following the date of the Participant’s Termination or the date that is six (6) months following the date of the Participant’s Termination. 

  

	 	b)	Form of Payment. The form of benefit payment shall be that form selected by the Participant in the first Distribution Election coincident with the initial
crediting of amounts into the Company Contribution Account, and as permitted pursuant to Section 5.7, below, except that if the Participant terminates employment prior to Retirement, in which event, the Company Contribution Account shall be
paid in the form of a lump sum payment. If the form of payment selected provides for subsequent payments, subsequent payments shall be made on or about the anniversary of the initial payment. 

 

	5.2.	Retirement Account. The vested portion of a Participant’s Retirement Account shall be distributed to the Participant upon his or her Termination.

  

	 	a)	Timing of Payment. Benefits payable from the Retirement Account shall commence on the later of the April 1 of the calendar year immediately following
the date of the Participant’s Termination or the date that is six (6) months following the date of the Participant’s Termination. 

  

	 	b)	 Form of Payment. The form of benefit payment shall be that form selected by the Participant in the first Deferral Commitment which
designated a portion of the Compensation deferred be allocated to the Retirement Account, and as permitted pursuant to Section 5.7, below, except that if the Participant terminates employment prior to

  
 -11-

	 	
Retirement, in which event, the Retirement Account shall be paid in the form of a lump sum payment. If the form of payment selected provides for subsequent payments, subsequent payments shall be
made on or about the anniversary of the initial payment. 

  

	5.3.	In-Service Account. The vested portion of a Participant’s In-Service Account shall generally be distributed to the Participant upon the date
specified by the Participant. 

  

	 	a)	Timing of Payment. Benefits payable from the In-Service Account shall commence on or about April 1 of the year specified in the first Deferral
Commitment which designated a portion of the Compensation deferred be allocated to the In-Service Account. In no event shall the year selected be earlier than the first day of the sixth calendar year following the initial filing of the Deferral
Commitment with respect to that In-Service Account. In the event that the Participant terminates employment with a Participating Employer prior to the year specified for benefit payment, the benefits under this section shall commence on the later of
the April 1 of the calendar year immediately following the date of the Participant’s Termination or the date that is six (6) months following the date of the Participant’s Termination. 

 

	 	b)	 Form of Payment. The form of benefit payment from the In-Service Account shall be that form selected by the Participant pursuant to
Section 5.7, below, except that if the Participant terminates employment with a Participating Employer prior to the year specified for benefit payment, then the In-Service Account shall be paid in a lump sum. If the form of payment selected
provides for subsequent payments, subsequent payments shall be made on or about the anniversary of the initial payment.
 

  

	 	c)	Change of Time and/or Form of Payment. The Participant may subsequently amend the form of payment or the intended date of payment to a date later than
that date of payment in force immediately prior to the filing of such request, by filing such amendment with the Committee no later than twelve (12) months prior to the current date of payment. The Participant may file this amendment, provided
that each amendment must provide for a payout as otherwise permitted under this paragraph at a date no earlier than five (5) years after the date of payment in force immediately prior to the filing of such request, and the amendment may not
take effect for twelve (12) months after the request is made. For purposes of this Article, a payment of amounts under this Plan, including the payment of annual installments over a number of years, shall be treated as a single payment, as
provided in Treas. Reg. Section 1-409A-2(b)(2)(iii). 

  

	5.4.	Death Benefit. Upon the death of a Participant prior to the commencement of benefits under this Plan from any particular Account, Company shall pay to the
Participant’s Beneficiary an amount equal to the vested Account balance in that Account in the form of a lump sum payment as soon as administratively possible, but in no event later than the last day of the calendar year in which such death
occurs (or, if later, the fifteenth day of the third month following the date of death). In the event of the death of the Participant after the commencement of benefits under this Plan from any Account, the benefits from that Account(s) shall be
paid to the Participant’s designated Beneficiary from that Account at the same time and in the same manner as if the Participant had survived. 

  
 -12-

	5.5.	Hardship Distributions. Upon a finding that a Participant has suffered a Financial Hardship, the Committee may, in its sole discretion, terminate the
existing Deferral Commitment, and/or make distributions from any or all of the Participant’s Accounts. The amount of such distribution shall be limited to the amount reasonably necessary to meet the Participant’s needs resulting from the
Financial Hardship plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which such Financial Hardship is or may be relieved through the reimbursement or compensation by
insurance, or otherwise or by liquidation of the Participant’s assets (to the extent that liquidation of such assets would not itself cause severe financial hardship). The amount of such distribution will not exceed the Participant’s
vested Account balances. If payment is made due to Financial Hardship, the Participant’s deferrals under this Plan shall cease for the period of the Financial Hardship and for twelve (12) months thereafter. If the Participant is again
eligible to participate, any resumption of the Participant’s deferrals under the Plan after such twelve (12) month period shall be made only at the election of the Participant in accordance with Article III herein.

  

	5.6.	Disability Distributions. Upon a finding that a Participant has suffered a Disability, the Committee shall make a distribution of all of the
Participant’s Accounts. The amount of such distribution shall be made in the form of a lump sum and shall commence as soon as administratively practical after the determination of such Disability, but in no event will the distribution under
this provision be made later than the last day of the calendar year in which such Disability is determined (or, if later, the fifteenth day of the third month following the date the Disability is determined). 

 

	5.7.	Form of Payment. Unless otherwise specified in this Article, the benefits payable from any Account under this Plan shall be paid in the form of benefit as
provided below, and specified by the Participant in the Distribution Election applicable to that Account at the time of the initial deferral or credit to that Account. The permitted forms of benefit payments are: 

 

	 	a)	A lump sum amount which is equal to the vested Account balance; and 

  

	 	b)	Annual installments for a period of up to twenty (20) years (or in the event of payment of the In-Service Account, a maximum of five (5) years) where the
annual payment shall be equal to the vested balance of the Account immediately prior to the payment, multiplied by a fraction, the numerator of which is one (1) and the denominator of which commences at the number of annual payments initially
chosen and is reduced by one (1) in each succeeding year. Interest on the unpaid balance shall be based on the most recent allocation among the available Valuation Funds chosen by the Participant, made in accordance with Section 4.3,
above. 

  

	5.8.	Small Account. If the Participant’s vested, unpaid balance of any Account as of the time the payments are to commence from such Account is less than
$25,000, then the Company may cause the remaining unpaid, vested portion of such Account to be paid in a lump sum, notwithstanding any election by the Participant to the contrary. 

  
 -13-

	5.9.	Withholding; Payroll Taxes. Company shall withhold from any payment made pursuant to this Plan any taxes required to be withheld from such payments under
local, state or federal law. 

  

	5.10.	Payments in Connection with a Domestic Relations Order. Notwithstanding anything to the contrary, the Company may make distributions to someone other than
the Participant if such payment is necessary to comply with a domestic relations order, as defined in Section 414(p)(1)(B) of the Code, involving the Participant. Where the domestic relations order permits discretion on the part of the
non-Participant spouse and such discretion has not been exercised, the Company shall distribute to the non-Participant spouse the amounts subject to the order as soon as practical. 

 

	5.11.	Payment to Guardian. If a Plan benefit is payable to a minor or a person declared incompetent or to a person incapable of handling the disposition of the
property, the Committee may direct payment to the guardian, legal representative or person having the care and custody of such minor, incompetent or person. The Committee may require proof of incompetency, minority, incapacity or guardianship as it
may deem appropriate prior to distribution. Such distribution shall completely discharge the Committee and Company or any Participating Employer from all liability with respect to such benefit. 

 

	5.12.	Effect of Payment. The full payment of the applicable benefit under this Article V shall completely discharge all obligations on the part of the Company
or any Participating Employer to the Participant (and the Participant’s Beneficiary) with respect to the operation of this Plan, and the Participant’s (and Participant’s Beneficiary’s) rights under this Plan shall terminate.

  

	5.13.	Permissible Acceleration of Payments. To the extent permitted by Section 409A of the Code, the Committee may, in its sole discretion, accelerate the
time or schedule of a payment under the Plan as permitted and set forth in Treas. Reg. Section 1-409A-3(j)(4), or as may otherwise be provided by the Treasury or the Internal Revenue Service from time to time. 

ARTICLE VI - BENEFICIARY DESIGNATION 
  

	6.1.	Beneficiary Designation. Each Participant shall have the right, at any time, to designate one (1) or more persons or entity as Beneficiary (both
primary as well as secondary) to whom benefits under this Plan shall be paid in the event of Participant’s death prior to complete distribution of the Participant’s vested Account balance. Each Beneficiary designation shall be in a written
form prescribed by the Committee and shall be effective only when filed with the Committee during the Participant’s lifetime. 

  

	6.2.	Changing Beneficiary. Any Beneficiary designation may be changed by a Participant without the consent of the previously named Beneficiary by the filing of
a new Beneficiary designation with the Committee. 

  
 -14-

	6.3.	No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the
Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the Participant’s Beneficiary shall be the person in the first of the following classes in which
there is a survivor: 

  

	 	a)	The Participant’s surviving spouse; 

  

	 	b)	The Participant’s children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take
by right of representation the share the deceased child would have taken if living; 

  

	 	c)	The Participant’s estate. 

  

	6.4.	Effect of Payment. Payment to the Beneficiary shall completely discharge the Company’s obligations under this Plan. 

ARTICLE VII - ADMINISTRATION 
  

	7.1.	Committee; Duties. This Plan shall be administered by the Committee. The Committee shall have the authority to make, amend, interpret and enforce all
appropriate rules and regulations for the administration of the Plan and decide or resolve any and all questions, including interpretations of the Plan, as they may arise in such administration. 

 

	7.2.	Compliance with Section 409A of the Code. It is intended that the Plan comply with the provisions of Section 409A of the Code, so as to prevent
the inclusion in gross income of any amounts deferred hereunder in a taxable year that is prior to the taxable year or years in which such amounts would otherwise actually be paid or made available to Participants or Beneficiaries. This Plan shall
be construed, administered, and governed in a manner that effects such intent, and the Committee shall not take any action that would be inconsistent with such intent. Although the Committee shall use its best efforts to avoid the imposition of
taxation, interest and penalties under Section 409A of the Code, the tax treatment of deferrals under this Plan is not warranted or guaranteed. Neither the Company, any Participating Employer, the Board, any director, officer, employee and
advisor, the Board nor the Committee (or any delegate thereof) shall be held liable for any taxes, interest, penalties or other monetary amounts owed by any Participant, Beneficiary or other taxpayer as a result of the Plan. For purposes of the
Plan, the phrase “permitted by Section 409A of the Code,” or words or phrases of similar import, shall mean that the event or circumstance shall only be permitted to the extent it would not cause an amount deferred or payable under
the Plan to be includible in the gross income of a Participant or Beneficiary under Section 409A(a)(1) of the Code. 

  

	7.3.	Agents. The Committee may, from time to time, employ agents and delegate to them such administrative duties as it sees fit, and may from time to time
consult with counsel who may be counsel to the Company. 

  
 -15-

	7.4.	Binding Effect of Decisions. The decision or action of the Committee with respect to any question arising out of or in connection with the administration,
interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final, conclusive and binding upon all persons having any interest in the Plan. 

 

	7.5.	Indemnity of Committee. The Company shall indemnify and hold harmless the members of the Committee against any and all claims, loss, damage, expense or
liability arising from any action or failure to act with respect to this Plan on account of such member’s service on the Committee, except in the case of gross negligence or willful misconduct. 

ARTICLE VIII - CLAIMS PROCEDURE 
  

	8.1.	Claim. Any person or entity claiming a benefit, requesting an interpretation or ruling under the Plan (hereinafter referred to as “Claimant”),
or requesting information under the Plan shall present the request in writing to the Committee, which shall respond in writing as soon as practical, but in no event later than ninety (90) days after receiving the initial claim (or no later than
forty-five (45) days after receiving the initial claim regarding a Disability under this Plan). 

  

	8.2.	Denial of Claim. If the claim or request is denied, the written notice of denial shall state: 

 

	 	a)	The reasons for denial, with specific reference to the Plan provisions on which the denial is based; 

 

	 	b)	A description of any additional material or information required and an explanation of why it is necessary, in which event the time frames listed in section 8.1 shall
be one hundred and eighty (180) and seventy-five (75) days from the date of the initial claim respectively; and 

  

	 	c)	An explanation of the Plan’s claim review procedure. 

  

	8.3.	Review of Claim. Any Claimant whose claim or request is denied or who has not received a response within ninety (90) days (or forty-five
(45) days in the event of a claim regarding a Disability) may request a review by notice given in writing to the Committee. Such request must be made within sixty (60) days (or one hundred and eighty (180) days in the event of a claim
regarding a Disability) after receipt by the Claimant of the written notice of denial, or in the event Claimant has not received a response sixty (60) days (or one hundred and eighty (180) days in the event of a claim regarding a
Disability) after receipt by the Committee of Claimant’s claim or request. The claim or request shall be reviewed by the Committee which may, but shall not be required to, grant the Claimant a hearing. On review, the claimant may have
representation, examine pertinent documents, and submit issues and comments in writing. 

  

	8.4.	 Final Decision. The decision on review shall normally be made within sixty (60) days (or forty-five (45) days in the event of a
claim regarding a Disability) after the Committee’s receipt of claimant’s claim or request. If an extension of time is required for a hearing or other special circumstances, the Claimant shall be notified and the time limit shall be one
hundred twenty 

  
 -16-

	 	
(120) days (or ninety (90) days in the event of a claim regarding a Disability). The decision shall be in writing and shall state the reasons and the relevant Plan provisions. All decisions
on review shall be final and bind all parties concerned. 

 ARTICLE IX - AMENDMENT AND TERMINATION OF
PLAN 
  

	9.1.	Amendment. The Board or the Committee may at any time amend the Plan by written instrument, notice of which is given to all Participants and to
Beneficiary receiving installment payments, provided however, that no amendment shall reduce the amount vested or accrued in any Account as of the date the amendment is adopted. Notwithstanding the foregoing or any provision of the Plan to the
contrary, the Board or the Committee may at any time (in its sole discretion and without the consent of any Participant) modify, amend or terminate any or all of the provisions of this Plan or take any other action, to the extent necessary or
advisable to conform the provisions of the Plan with Section 409A of the Code, the regulations issued thereunder or an exception thereto, regardless of whether such modification, amendment or termination of this Plan or other action shall
adversely affect the rights of a Participant under the Plan. Termination of this Plan shall not be a distribution event under the Plan unless otherwise permitted under Section 409A. In addition, any amendment which adds a distribution event to
the Plan shall not be affective with respect to Accounts already established as of the time of such amendment. 

  

	9.2.	Company’s Right to Terminate. The Board or the Committee may, in its sole discretion, terminate the entire Plan, or terminate a portion of the Plan
that is identified as an elective account balance plan as defined in Treas. Reg. Section 1.409A -1(c)(2)(i)(A), or as a nonelective account balance plan as defined in Treas. Reg. Section 1.409A -1(c)(2)(i)(B), and require distribution of
all benefits due under the Plan or portion thereof, in accordance with the applicable requirements of Treas. Reg. Section 1.409A-3(j)(4)(ix). 

 ARTICLE X - MISCELLANEOUS 
  

	10.1.	Unfunded Plan. This plan is an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of “management or
highly-compensated employees” within the meaning of Sections 201, 301, and 401 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of
ERISA. 

  

	10.2.	Unsecured General Creditor. Notwithstanding any other provision of this Plan, Participants and Participants’ Beneficiaries shall be unsecured general
creditors, with no secured or preferential rights to any assets of Company or any other party for payment of benefits under this Plan. Any property held by Company for the purpose of generating the cash flow for benefit payments shall remain its
general, unpledged and unrestricted assets. Company’s obligation under the Plan shall be an unfunded and unsecured promise to pay money in the future. 

  
 -17-

	10.3.	Trust Fund. Company shall be responsible for the payment of all benefits provided under the Plan. At its discretion, Company may establish one (1) or
more trusts, with such trustees as the Board or the Committee may approve, for the purpose of assisting in the payment of such benefits. The assets of any such trust shall be held for payment of all Company’s general creditors in the event of
insolvency. To the extent any benefits provided under the Plan are paid from any such trust, Company shall have no further obligation to pay them. If not paid from the trust, such benefits shall remain the obligation of Company.

  

	10.4.	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly declared to be unassignable and non-transferable. No part
of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law
in the event of a Participant’s or any other person’s bankruptcy or insolvency. 

  

	10.5.	Not a Contract of Employment. This Plan shall not constitute a contract of employment between Company or any Participating Employer and the Participant.
Nothing in this Plan shall give a Participant the right to be retained in the service of Company or any Participating Employer or to interfere with the right of the Company or any Participating Employer to discipline or discharge a Participant at
any time. 

  

	10.6.	Protective Provisions. A Participant will cooperate with Company by furnishing any and all information requested by Company, in order to facilitate the
payment of benefits hereunder, and by taking such physical examinations as Company may deem necessary and taking such other action as may be requested by Company. 

 

	10.7.	Governing Law. The provisions of this Plan shall be construed and interpreted according to the laws of the Commonwealth of Pennsylvania, except as
preempted by federal law. 

  

	10.8.	Validity. If any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining
parts hereof, but this Plan shall be construed and enforced as if such illegal and invalid provision had never been inserted herein. 

  

	10.9.	Notice. Any notice required or permitted under the Plan shall be sufficient if in writing and hand delivered or sent by registered or certified mail. Such
notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. Mailed notice to the Committee shall be directed to the Company’s
address. Mailed notice to a Participant or Beneficiary shall be directed to the individual’s last known address in Company’s records. 

  

	10.10.	 Successors. The provisions of this Plan shall bind and inure to the benefit of Company and its successors and assigns. The term
successors as used herein shall include any corporate or other business entity which shall, whether by 

  
 -18-

	 	
merger, consolidation, purchase or otherwise acquire all or substantially all of the business and assets of Company, and successors of any such corporation or other business entity.

  
 -19-

 Executed as of January 29, 2011 

 

			
	NBCUNIVERSAL, LLC
		
	BY:	 	 /s/    David L. Cohen

			
		
	ATTEST:	 	 /s/    Arthur R. Block 

  
 -20-

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