Document:

EX-10.68

 Exhibit 10.68 

Comcast Corporation 
 One Comcast
Center 
 1701 John F. Kennedy Boulevard 

Philadelphia, Pennsylvania 19103 

November 24, 2015 
 Michael J. Angelakis 

c/o Comcast Corporation 
 One Comcast Center 

1701 John F. Kennedy Boulevard 
 Philadelphia, Pennsylvania 19103

 Dear Michael: 
 This letter agreement (this
“Letter Agreement”) is entered into by and between Michael J. Angelakis (the “Employee”) and Comcast Corporation, a Pennsylvania corporation (“Comcast” and, together with its subsidiaries, the
“Company”). 
 Reference is made to (i) the Employment Agreement dated as of November 22, 2011, as amended (the
“Employment Agreement”), by and between the Employee and Comcast, (ii) the Advisor Agreement dated as of the date hereof and effective as of January 1, 2016 (as may be amended from time to time, the “Advisor
Agreement”) by and between the Employee and Comcast, (iii) the Shareholders Agreement dated as of the date hereof and effective as of January 1, 2016 (as may be amended from time to time, the “Shareholders
Agreement”) by and among Comcast, Atairos Group, Inc., a Cayman Islands exempted company (“Atairos”), Comcast AG Holdings, LLC, a Delaware limited liability company (“Comcast Shareholder”), Atairos
Partners, L.P., a Cayman Islands exempted limited partnership (“ManagementCo Shareholder”), and Atairos Management, L.P., a Delaware limited partnership (the “Manager”) and (iv) the Letter Agreement dated as of
the date hereof and effective as of January 1, 2016 (as may be amended from time to time, the “Side Letter”) by and among the Employee, Comcast, Atairos, Comcast Shareholder, ManagementCo Shareholder and the Manager.
Capitalized terms used but not defined herein will have the meanings ascribed to them in the Employment Agreement. 
 For good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	 	1.	 Termination of Employment. The Employee’s employment with the Company shall terminate by mutual agreement of the Employee and Comcast
effective as of the close of business on December 31, 2015 (the “Separation Date”). For the avoidance of doubt, the parties hereto agree and acknowledge that the Employee ceased being an executive officer of the Company as of
June 30, 2015 and that the termination of the Employee’s employment with the Company in accordance with this Section 1 shall not constitute a Termination Without Cause by the Company or

	 	
a Termination with Good Reason by the Employee under Section 6(d) of the Employment Agreement. From the date hereof through the Separation Date, the Employee will continue to receive his
Base Salary, in accordance with Section 3(a) of the Employment Agreement, will continue to be entitled to participate in the Company’s Benefit Plans, in accordance with Section 4 of the Employment Agreement, and will continue to be
eligible for payment or reimbursement of business expenses, in accordance with Section 5 of the Employment Agreement. 

  

	 	2.	Severance. Notwithstanding anything to the contrary in the Employment Agreement, the Employee shall not be entitled to receive any severance or similar payments or benefits in connection with the termination of
the Employee’s employment in accordance with Section 1 above, including, for the avoidance of doubt, any payment or benefit under Section 7 of the Employment Agreement. Notwithstanding the foregoing, in connection with the termination
of his employment, the Employee will be entitled to payment of the Employee’s then-current Base Salary, in accordance with Section 3(a) of the Employment Agreement, through the Separation Date, payment for any accrued but unused vacation
time, any amounts payable for any unreimbursed business expenses and any vested rights under any compensation or benefit plans or programs. 

  

	 	3.	2015 Cash Incentive Compensation. Notwithstanding the termination of his employment, the Employee shall be eligible to receive his annual cash bonus in respect of the 2015 fiscal year under the Company’s
Cash Bonus Plan in accordance with Section 3(d)(ii) of the Employment Agreement, which such bonus shall be payable on or before March 15, 2016 in accordance with the Company’s ordinary course practices. 

 

	 	4.	Equity Incentive Compensation. The parties agree and acknowledge that, effective as of June 30, 2015, the Employee ceased to be eligible to receive any equity incentive awards under the Company’s
Restricted Stock Plan, Stock Option Plan or any other annual (or other) equity-based compensation plan maintained by the Company (collectively, the “Equity Incentive Plans”). Any outstanding Equity Incentive Plan awards held by the
Employee as of the Separation Date shall continue to vest in accordance with the terms of the applicable award agreement and Equity Incentive Plan as if the Employee’s employment with the Company had continued following the Separation Date;
provided, however, that, notwithstanding the terms of any award agreement or Equity Incentive Plan, upon the occurrence of an Initial CEO Event or Cause Event (in each case, as defined in the Shareholders Agreement), any unvested or
unexercised portion of such equity-incentive awards shall be forfeited or cease to be exercisable, as applicable, without the payment of any consideration therefor. For the avoidance of doubt, the Employee’s termination of employment with the
Company shall not be treated as a termination for “Cause” under any of the Equity Incentive Plans. 

  

	 	5.	 Deferred Compensation. Prior to the Separation Date, the Employee shall remain eligible to re-defer amounts under the Company’s deferred
compensation plans and 

  
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programs in accordance with Section 3(e) of the Employment Agreement. The Company shall credit $1,914,422 to the Employee’s account under the Company’s 2005 Deferred Compensation
Plan as of January 1, 2016. The Employee’s deferred compensation amounts will be credited under the Company’s 2005 Deferred Compensation Plan at the Applicable Interest Rate (as defined therein) for active employees through
June 30, 2016. Following June 30, 2016, the Employee shall be treated as a non-employee for all purposes under the Company’s deferred compensation plans or programs (including, for the avoidance of doubt, the Company’s 2005
Deferred Compensation Plan). 

  

	 	6.	Restrictive Covenants. Without limiting the covenants and agreements set forth in Section 5 (non-solicitation and non-competition) of the Side Letter, the Company agrees, as of the Separation Date, to waive
the covenants and agreements set forth in Section 8(a) (non-solicitation), Sections 8(b) and (c) (non-competition) and Section 8(h) (notification) of the Employment Agreement. Section 8(d) (confidentiality) of the Employment
Agreement is incorporated herein by reference as if such provision was set forth herein in full. For the avoidance of doubt, the Employee shall continue to be subject to the obligations under Section 8(d) of the Employment Agreement at all
times prior to and following the Separation Date in accordance with the terms of the Employment Agreement with respect to Confidential Information that he obtains, creates or otherwise has access to prior to the Separation Date, provided,
that notwithstanding the terms of Section 8(d) of the Employment Agreement, the Employee shall not be required to notify the Company of his disclosure of Confidential Information where such disclosure is a result of reporting a possible
violation of law to a governmental entity or law enforcement, making a disclosure that is protected under the whistleblower protections of applicable law and/or participating in a governmental investigation. The parties hereto agree that, in the
event the Employee fails to comply with his obligations under Section 8(d) of the Employment Agreement, the Company shall have all of the rights and remedies available to it pursuant to Section 8(e) of the Employment Agreement, including
for the avoidance of doubt, the right to seek preliminary or permanent injunctive relief against the Employee. 

  

	 	7.	Notices. All notices, demands, requests or other communications given under this Letter Agreement to any party shall be in writing and be given by personal delivery, certified mail, return receipt requested, or
nationally recognized overnight courier service, in each case, to the address specified on the first page of this Letter Agreement or as may subsequently in writing provided to the other party. 

 

	 	8.	Withholding/Deductions; Section 409A; Successors; Waiver of Right to Trial by Jury; Limitation on Damages; Jurisdiction; Governing Law; Severability; Amendment and Waiver; Assignment. Sections 12
(withholding/deductions), 13 (Section 409A), 14 (successors), 15 (waiver of right to trial by jury), 16 (limitation on damages), 17 (jurisdiction), 18 (governing law), 21 (invalidity or unenforceability), 22 (amendment and waivers) and 23 (binding
effect; no assignment) of the Employment Agreement are incorporated herein by reference as if such provisions were set forth herein in full. 

  
 -3- 

	 	9.	Counterparts; Effectiveness. This Letter Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument. 

  

	 	10.	Entire Agreement. This Letter Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof, and, as of the Separation Date, supersedes and replaces in its entirety the
Employment Agreement (other than Sections 8(d), 12, 13, 14, 15, 16, 17, 18, 21, 22 and 23 of the Employment Agreement, which shall remain in full force and effect), provided that any accrued rights and obligations of the parties thereunder as
of the Separation Date shall be unaffected by the execution of this Letter Agreement. In the event of any conflict between the terms of this Letter Agreement and the terms of any plans or policies of the Company (including the Employee Handbook),
the terms of this Letter Agreement shall control. 

  
 -4- 

 Please confirm your agreement with the foregoing by signing a copy of this letter where indicated
below and returning the same to the undersigned. 
  

			
	Sincerely yours,
	
	COMCAST CORPORATION
		
	By:	 	 /s/ Arthur R. Block

	Name:	 	Arthur R. Block
	Title:	 	Executive Vice President

  

	
	ACCEPTED AND AGREED:
	
	MICHAEL J. ANGELAKIS
	
	 /s/ Michael J. Angelakis

  
 Signature Page to
Letter AgreementExhibit 4.11

 

FORM OF TENTH AMENDMENT TO MASTER INDENTURE

 

This TENTH AMENDMENT TO
MASTER INDENTURE, dated as of [●], 2016 (this “Amendment”), is entered into between: (i) Synchrony Credit
Card Master Note Trust (formerly known as GE Capital Credit Card Master Note Trust), a Delaware statutory trust (the “Issuer”);
and (ii) Deutsche Bank Trust Company Americas, as indenture trustee under the Master Indenture referred to below (in such capacity,
the “Indenture Trustee”).

 

BACKGROUND

 

WHEREAS, the Indenture
Trustee and the Issuer are parties to the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment
No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties,
the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment
to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master
Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated
as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7,
2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between
the Issuer and the Indenture Trustee, the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements,
dated as of March 11, 2014, between the Issuer and the Indenture Trustee, and the Ninth Amendment to Master Indenture, dated as
of November 24, 2015, between the Issuer and the Indenture Trustee (as amended, the “Master Indenture”);

 

WHEREAS, this Amendment
is being entered into pursuant to Section 9.1(b) of the Master Indenture, and all conditions precedent to the execution of this
Amendment, as set forth in such Section 9.1(b), have been satisfied; and

 

WHEREAS, the parties hereto
intend to amend the Master Indenture as set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

 

AMENDMENTS

 

The parties hereto agree
as follows:

 

SECTION 1.       DEFINITIONS.
As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized
terms not so defined shall have the meanings set forth in the Master Indenture, as amended hereby.

 

SECTION 2.       AMENDMENTS.

 

(a)         Section
1.1 of the Master Indenture is amended by adding the following definitions in appropriate alphabetical order:

 

     

     

    

  

“60-Day
Delinquent Receivables” means, as of any date of determination, all Transferred Receivables, other than Charged-Off Receivables
and Receivables in Removed Accounts, that are sixty (60) or more days delinquent as of the last day of the Monthly Period immediately
preceding such date, as determined in accordance with the Credit and Collection Policies.

 

“Asset
Representations Review” means the review of the Asset Representations Reviewer conducted pursuant to the Asset Representations
Review Agreement.

 

“Asset
Representations Review Agreement” means an agreement between the Issuer and certain other parties pursuant to which the
Issuer has appointed an “asset representations reviewer” as contemplated by General Instruction I.B.1.(b) applicable
to Form SF-3 Registration Statements under the Securities Act.

 

“Asset
Representations Reviewer” means the Person appointed as “asset representations reviewer” pursuant to an Asset
Representations Review Agreement.

 

“Delinquency
Percentage” means, for each Payment Date and the related preceding Monthly Period, an amount equal to the ratio (expressed
as a percentage) of (i) the aggregate balance of all 60-Day Delinquent Receivables as of the last day of the Monthly Period immediately
preceding such Payment Date to (ii) the aggregate balance of Transferred Receivables as of the last day of the Monthly Period immediately
preceding such Payment Date.

 

“Delinquency
Trigger” means, with respect to any Payment Date and the related Monthly Period, the Delinquency Percentage for such
Payment Date is greater than the Maximum Delinquency Percentage for such Payment Date.

 

“Maximum
Delinquency Percentage” means, with respect to any Payment Date, the lowest “Maximum Delinquency Percentage,”
as specified in any Indenture Supplement.

 

“Review
Notice” is defined in Section 5.18.

 

“Verified
Note Owner” means either (a) a Note Owner that has provided the Indenture Trustee with each of (i) a written certification
that it is a beneficial owner of a specified Outstanding Principal Balance of the Notes and (ii) a trade confirmation, an account
statement, a letter from a broker or dealer that is acceptable to the Indenture Trustee or other similar document acceptable to
the Indenture Trustee showing that such Noteholder or Note Owner is a beneficial owner of such Outstanding Principal Balance of
the Notes or (b) any Noteholder.

 

(b)         Section
3.7 of the Master Indenture is amended by adding the following clause (j) immediately after clause (i):

 

(j) The Issuer hereby
covenants and agrees that it shall deliver a notice to the Transferor of any breach of a representation or warranty set forth in
Section 6.1(a)(ix) of the Transfer Agreement if directed to do so by the Indenture Trustee (acting at the direction of Noteholders
(or Verified Note Owners) of not less than 66 2/3% of the Outstanding Principal Balance of the Notes for all Series). For the avoidance
of doubt, any actions by the Indenture Trustee pursuant to this clause (j) or as the “Requesting Party” (as
defined in the Transfer Agreement) shall be subject to the indemnification provisions of Section 6.7.

 

    	 	2	 

     

    

  

(c)          Section
5.5 of the Master Indenture is amended by replacing the first phrase therein to read as follows:

 

“Except with
respect to utilizing the dispute resolution provisions in Section 6.5 of the Transfer Agreement, no noteholder shall have any right
to institute any Proceeding, with respect to this Indenture or any Indenture Supplement, or for the appointment of a receiver or
trustee, or for any other remedy hereunder or thereunder, unless:”

 

(d)         Article
V of the Master Indenture is amended by adding the following Section 5.18 immediately after Section 5.17:

 

Section 5.18.       Asset
Representations Review.

 

(a)          Within
90 calendar days of the occurrence of the filing of a Securities Exchange Act Form 10-D reporting that a Delinquency Trigger has
occurred, the Noteholders of 5% or more of the Outstanding Principal Balance of the Outstanding Notes of all Series shall be entitled
to demand that the Indenture Trustee conduct a vote of all Noteholders of Outstanding Notes to determine whether to cause the Asset
Representations Reviewer to conduct an Asset Representations Review.

 

(b)          Upon
the direction of the requisite Noteholders set forth in Section 5.18(a), the Indenture Trustee shall cause the Transferor
to conduct a vote of all Noteholders of Outstanding Notes. Each Noteholder that elects to vote shall vote whether or not the Asset
Representations Reviewer should be directed to conduct an Asset Representations Review. The vote shall remain open until the 150th
day after the filing of the Form 10-D referred to in Section 5.18(a).

 

(c)          In
the event that a Note Owner exercises its right to vote such Note Owner’s beneficial interest, the Indenture Trustee shall
verify that each such Note Owner is a Verified Note Owner and shall provide such evidence to the Issuer.

 

(d)          If
a majority of the Noteholders voting pursuant to Section 5.18(b) vote to cause the Asset Representations Reviewer to conduct
an Asset Representations Review, the Indenture Trustee shall provide written notice (the “Review Notice”) to
the Issuer, which shall promptly provide such Review Notice to the Transferor and the Asset Representations Reviewer. The Indenture
Trustee shall cooperate with the Asset Representations Reviewer in the event that an Asset Representations Review is commenced
pursuant to this Section 5.18(d) and shall provide the Asset Representations Reviewer with any documents and other information
reasonably requested by the Asset Representations Reviewer in connection with the Asset Representations Review.

 

    	 	3	 

     

    

 

(e)          If
the Asset Representations Reviewer gives notice of its intent to resign or the Issuer terminates the Asset Representations Reviewer
pursuant to the terms of the Asset Representations Review Agreement or if a vacancy exists in the office of the Asset Representations
Reviewer for any reason, the Issuer shall promptly appoint and designate a successor Asset Representations Reviewer in accordance
with the provisions of the Asset Representations Review Agreement.

 

(e)         Article
VII is hereby amended by adding the following Section 7.5 immediate after Section 7.4:

 

“Section
7.5.        Communications with Investors. Following receipt of a written
request by the Issuer during any Monthly Period (or receipt of written notice that the Transferor has received a written request)
from a Noteholder or Note Owner seeking to communicate with other Noteholders or Note Owners regarding exercising their contractual
rights under the terms of the Related Documents, the Issuer shall, if applicable, notify the Transferor of any such request received
by the Issuer and shall cause the Transferor or the Servicer to include in the Securities Exchange Act Form 10-D filing for the
Issuer related to the Monthly Period in which such request was received: (i) the name of the Noteholder or Note Owner, as applicable,
delivering such request, (ii) the date the request was received, (iii) a statement to the effect that the Issuer or the Transferor,
as applicable, has in fact received such request from a Noteholder or Note Owner, as applicable, and that such Noteholder or Note
Owner, as applicable, is interested in communicating with other Noteholders or Note Owners with regard to the possible exercise
of rights under the Related Documents and (iv) a description of the method that other Noteholders or Note Owners may use to contact
the requesting Noteholder or Note Owner, as applicable; provided, however, that if the Issuer or Transferor receives a request
from any Note Owner, the Issuer and the Transferor shall be entitled to verify that each such Note Owner is a Verified Note Owner
prior to including any request from such Note Owner in any Securities Exchange Act Form 10-D.”

 

SECTION 3.       EFFECTIVENESS.
This Amendment shall become effective as of the date first set forth above; provided that (i) each of the Indenture Trustee
and the Issuer shall have executed and delivered a counterpart of this Amendment, (ii) the Rating Agency Condition shall have been
satisfied, and (iii) the Issuer shall have delivered to the Indenture Trustee (x) an Officer’s Certificate to the effect
that all requirements for this Amendment contained in the Master Indenture have been met and the Issuer reasonably believes that
such action will not result in an Adverse Effect and (y) a Tax Opinion. The Issuer shall provide written notice to the Indenture
Trustee upon satisfaction of the conditions in the preceding sentence.

 

SECTION 4.       BINDING
EFFECT; RATIFICATION.

 

(a)         On
and after the execution and delivery hereof, (i) this Amendment shall be a part of the Master Indenture and (ii) each
reference in the Master Indenture to “this Agreement”, “this Indenture”, “hereof”, “hereunder”
or words of like import, and each reference in any other Related Document to the Master Indenture, shall mean and be a reference
to the Master Indenture as amended hereby.

 

    	 	4	 

     

    

  

(b)          Except
as expressly amended hereby, the Master Indenture shall remain in full force and effect and is hereby ratified and confirmed by
the parties hereto.

 

SECTION 5.       NO
RECOURSE. It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by
BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers
and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part
of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware
but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating
any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied
contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through
or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment
of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty
or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 6.       NO
PETITION. The Indenture Trustee covenants that it will not directly or indirectly institute or cause to be instituted against
the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any Federal
or state bankruptcy law unless Noteholders of not less than 662⁄3% of the Outstanding Principal Balance of each Class of each
Series has approved such filing and it will not directly or indirectly institute or cause to be instituted against the Transferor
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any Federal or state
bankruptcy law in any instance; provided, that the foregoing shall not in anyway limit the Noteholders’ rights to
pursue any other creditor rights or remedies that the Noteholders may have for claims against the Issuer.

 

SECTION 7.       MISCELLANEOUS.

 

(a)         THIS
AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE,
BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA.

 

(b)         Headings
used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

    	 	5	 

     

    

  

(c)          This
Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which shall
be an original and all of which taken together shall constitute one and the same agreement. Executed counterparts may be delivered
electronically.

 

* * * * * *

 

    	 	6	 

     

    

  

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

 

	 	SYNCHRONY CREDIT CARD MASTER NOTE TRUST,

    as Issuer
	 	 	 
	 	By:	BNY MELLON TRUST OF DELAWARE,
	 	 	not in its individual capacity
	 	 	but solely as Trustee on behalf of the Issuer
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

Tenth Amendment to Master Indenture

 

    	 	S-1	 

     

    

  

	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	 	not in its individual capacity, but solely as the Indenture Trustee
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

    	 	2

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