Document:

Exhibit 4.1

 

COMCAST CORPORATION

 

Officers’
Certificate

 

September 14,
2021

 

Pursuant to Section
2.03 of the Indenture dated as of September 18, 2013, by and among Comcast Corporation (the “Company”), the guarantors
named therein and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by the First Supplemental
Indenture dated as of November 17, 2015 (as amended, the “Indenture”), by and among the Company, the guarantors named
therein and the Trustee, and guaranteed on an unsecured and unsubordinated basis by Comcast Cable Communications, LLC and NBCUniversal
Media, LLC, the undersigned officers of the Company do hereby certify, in connection with the issuance of the Company’s €1,250,000,000
aggregate principal amount of its 0.000% Notes due 2026 (the “2026 Notes”) and €500,000,000 aggregate principal
amount of its 0.250% Notes due 2029 (the “2029 Notes” and together with the 2026 Notes, the “Notes”).
The terms of the Notes are as follows:

 

	0.000% Notes due 2026
	 
	Title:	0.000% Notes due 2026
	 	 
	Aggregate Principal Amount at Maturity:	€1,250,000,000
	 	 
	Principal Payment Date:	September 14, 2026
	 	 
	Interest:	0.000%
	 	 
	Redemption:	The Company will have the right
    at its option to redeem the 2026 Notes in whole or in part, at any time or from time to time prior to their maturity, on at least
    15 days, but not more than 30 days, prior notice delivered electronically or mailed to the registered address of each holder of the
    2026 Notes, at the Redemption Price. The Redemption Price means (a) any time prior to August 14, 2026 (one (1) month prior to the
    maturity of the 2026 Notes) (the “2026 Par Call Date”), the Redemption Price is the greater of (i) 100% of the
    principal amount of the 2026 Notes, and (ii) the sum of the present values of the principal amount of such notes and the scheduled
    payments of interest thereon (exclusive of interest accrued to the date of redemption) from the redemption date to the 2026 Par Call
    Date, in each case discounted to the redemption date on an actual (ACTUAL/ACTUAL (ICMA)), as defined in the

     

     

     

    

	 	rulebook of the International Capital Market Association, basis at a rate equal
    to the applicable Bund Rate plus 10 basis points and (b) any time on or after the 2026 Par Call Date, 100% of the principal amount
    of such notes; plus, in each case, accrued and unpaid interest thereon to the date of redemption.
	 	 
	Additional Issuances:	The 2026 Notes need not be issued at the same time and the series may be reopened for issuance
    of an unlimited principal amount of additional 2026 Notes under this series.  Additional 2026 Notes of this series may
    be consolidated with, and form a single series with, 2026 Notes then outstanding, including for purposes of determining whether the
    required percentage of the holders of record has given approval or consent to an amendment or waiver or joined in directing the Trustee
    to take certain actions on behalf of all holders; provided that if such additional 2026 Notes are not fungible with the 2026 Notes
    then outstanding for U.S. federal income tax purposes, such additional 2026 Notes will have one or more separate ISIN numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 
	Miscellaneous:	The terms of the 2026 Notes shall include such other terms as are set forth in the Form of 0.000%
    Notes due 2026 attached hereto as Exhibit A.

 

	0.250% Notes due 2029
	 
	Title:	0.250% Notes due 2029
	 	 
	Aggregate Principal Amount at Maturity:	€500,000,000
	 	 
	Principal Payment Date:	September 14, 2029
	 	 
	Interest:	0.250%
	 	 
	Redemption:	The Company will have the right
        at its option to redeem the 2029 Notes in whole or in part, at any time or from time to time prior to their maturity, on at least
        15 days, but not more than 30 days, prior notice delivered electronically or mailed to the registered address of each holder
        of the 2029 Notes, at the Redemption Price. The Redemption Price

     

     

     

    

	 	means (a) any time prior to June 14, 2029 (three (3) months prior to the maturity
    of the 2029 Notes) (the “2029 Par Call Date”), the Redemption Price is the greater of (i) 100% of the principal
    amount of the 2029 Notes, and (ii) the sum of the present values of the principal amount of such notes and the scheduled payments
    of interest thereon (exclusive of interest accrued to the date of redemption) from the redemption date to the 2029 Par Call Date,
    in each case discounted to the redemption date on an actual (ACTUAL/ACTUAL (ICMA)), as defined in the rulebook of the International
    Capital Market Association, basis at a rate equal to the applicable Bund Rate plus 15 basis points and (b) any time on or after the
    2029 Par Call Date, 100% of the principal amount of such notes; plus, in each case, accrued and unpaid interest thereon to the date
    of redemption.
	 	 
	Additional Issuances:	The 2029 Notes need not be issued at the same time and the series may be reopened for issuance
    of an unlimited principal amount of additional 2029 Notes under this series.  Additional 2029 Notes of this series may
    be consolidated with, and form a single series with, 2029 Notes then outstanding, including for purposes of determining whether the
    required percentage of the holders of record has given approval or consent to an amendment or waiver or joined in directing the Trustee
    to take certain actions on behalf of all holders; provided that if such additional 2029 Notes are not fungible with the 2029 Notes
    then outstanding for U.S. federal income tax purposes, such additional 2029 Notes will have one or more separate ISIN numbers.
	 	 
	Conversion:	None
	 	 
	Sinking Fund:	None
	 	 
	Miscellaneous:	The terms of the 2029 Notes shall include such other terms as are set forth in the Form of 0.250%
    Notes due 2029 attached hereto as Exhibit B.

 

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

 

     

     

    

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

 

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

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

     

     

    

 

 EXHIBIT
A

 

 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING
OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A COMMON DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY
NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN
SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE
A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.

 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, AS NOMINEE OF THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON
DEPOSITARY FOR EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”) AND CLEARSTREAM BANKING, SOCIÉTÉ
ANONYME, LUXEMBOURG (“CLEARSTREAM, LUXEMBOURG” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF THE BANK OF
NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK MELLON,
LONDON BRANCH, AS COMMON DEPOSITARY FOR EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED
OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON DEPOSITARY
FOR EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH
AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK MELLON, LONDON BRANCH, HAS AN INTEREST HEREIN.

 

     

     

    

COMCAST CORPORATION

 

0.000% Notes
due 2026

 

	No. 1	ISIN No.: XS2385397901
	 	€1,250,000,000

 

COMCAST CORPORATION,
a Pennsylvania corporation (the “Issuer”, which term includes any successor corporation), for value received promises
to pay to The Bank of New York Depository (Nominees) Limited, as nominee of The Bank of New York Mellon, London Branch, as common depositary
for Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme, Luxembourg, or registered assigns, the principal
sum of €1,250,000,000 (One Billion Two Hundred Fifty Million Euros) on September 14, 2026.

 

Interest Payment
Date: September 14 (the “Interest Payment Date”), commencing on September 14, 2022.

 

Interest Record
Date: August 30 (the “Interest Record Date”).

 

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

 

     

     

    

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

 

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

 

[Seal of Comcast Corporation]

 

Attest:

 

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

     

     

    

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

 

Dated: September 14, 2021

 

	 	THE BANK OF NEW
YORK MELLON,

      as Trustee

     

	 	 	 
	 	By:	 
	 	 	Authorized Signatory 
	 	 	 

     

     

    

(REVERSE OF SECURITY)

 

COMCAST CORPORATION

 

0.000% Notes due
2026

 

1.       Interest.

 

COMCAST CORPORATION,
a Pennsylvania corporation (the “Issuer”), promises to pay interest on the principal amount of this Security at the
rate per annum shown above. Cash interest on the Securities will accrue from the most recent date to which interest has been paid or,
if no interest has been paid, from September 14, 2021. The Issuer will pay interest annually in arrears on the Interest Payment Date,
commencing September 14, 2022.

 

Interest on the
Securities will be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual
number of days from and including the last date to which interest was paid on the Securities (or September 14, 2021 if no interest has
been paid on the Securities), to but excluding the next scheduled Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL
(ICMA) as defined in the rulebook of the International Capital Market Association.

 

If any Interest
Payment Date, maturity date or redemption date falls on a day that is not a Business Day, the payment will be made on the next Business
Day with the same force and effect as if made on the relevant Interest Payment Date, maturity date or redemption date, and no interest
will accrue in respect of the delay.

 

The term “Business
Day” means any day other than a Saturday or Sunday (i) which is not a day on which banking institutions in The City of New
York or London are authorized or obligated by law, regulation or executive order to close and (ii) on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System (the TARGET2 system) or any successor thereto is open.

 

The Issuer shall
pay interest on overdue principal from time to time on demand at the rate borne by the Securities and on overdue installments of interest
(without regard to any applicable grace periods) to the extent lawful.

 

2.       Issuance
in Euro.

 

Principal, premium,
if any, and interest payments will be payable in Euro. If Euro is unavailable to the Issuer due to the imposition of exchange controls
or other circumstances beyond the Issuer’s control, then all payments will be made in U.S. dollars until Euro is again available
to the Issuer. The amount payable on any date in Euro will be converted into U.S. dollars at the Market Exchange Rate (as defined below)
or, if such Market Exchange Rate is not then available, on the basis of the most recently available market exchange rate for Euro. Any
payment so made in U.S. dollars will not constitute an event of default under the Indenture. Neither the Trustee nor the Paying Agent
will be

 

     

     

    

responsible for obtaining exchange rates,
effecting currency conversions or otherwise handling re-denominations.

 

The term “Market
Exchange Rate” means the noon buying rate in The City of New York for cable transfers of Euro as certified for customs purposes
(or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York.

 

3.       Method
of Payment.

 

The Issuer shall
pay interest on the Securities (except defaulted interest) to the persons who are the registered Holders at the close of business on
the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security subsequent
to such Interest Record Date and prior to such Interest Payment Date. Holders must surrender Securities to The Bank of New York Mellon
(the “Trustee”) to collect principal payments.

 

The payments of
interest, and any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final
payment of principal) shall be made by the Paying Agent, upon receipt from the Issuer of immediately available funds by 10:00 a.m., London
time one Business Day prior to the payment due date (or such other time as may be agreed to between the Issuer and the Paying Agent),
directly to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the Paying Agent
15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which such payments
shall be so made and in the case of payments of principal surrenders the same to the Trustee in exchange for a Security or Securities
aggregating the same principal amount as the unredeemed principal amount of the Securities surrendered.

 

4.       Paying
Agent.

 

Initially, The Bank
of New York Mellon, London Branch will act as Paying Agent. The Issuer may change any Paying Agent without notice to the Holders.

 

     

     

    

5.       Indenture.

 

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

 

6.       Guarantees.

 

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

 

7.       Denominations;
Transfer; Exchange.

 

The Securities are
in registered form, without coupons, in denominations of €100,000 and multiples of €1,000 in excess thereof. A Holder shall
register the transfer of or exchange Securities in accordance with the Indenture. The Issuer may require a Holder, among other things,
to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable
in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange
any Securities or portions thereof for a period of fifteen (15) days before the giving of a notice of redemption, nor need the Issuer
register the transfer or exchange any security selected for redemption in whole or in part.

 

8.       Persons
Deemed Owners.

 

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

 

9.       Unclaimed
Funds.

 

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

 

     

     

    

10.       Legal
Defeasance and Covenant Defeasance.

 

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

 

11.       Amendment;
Supplement; Waiver.

 

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

 

12.       Restrictive
Covenants.

 

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

 

13.       Optional
Redemption.

 

The Issuer will
have the right at its option to redeem any of the Securities in whole or in part, at any time or from time to time prior to their maturity,
on at least 15 days, but not more than 30 days, prior notice delivered electronically or mailed to the registered address of each Holder
of the Securities, at the applicable Redemption Price. The Issuer will calculate the Redemption Price in connection with any redemption
hereunder.

 

“Redemption
Price” means (a) at any time prior to August 14, 2026 (one (1) month prior to the maturity of the Securities) (the “Par
Call Date”), the greater of (i) 100% of the principal amount of such Securities and (ii) the sum of the present values of the
principal amount of such Securities and the scheduled payments of interest thereon (exclusive of interest accrued to the date of redemption)
from the redemption date to the Par Call Date, in each case discounted to the redemption date on an actual (ACTUAL/ACTUAL (ICMA)) basis
at a rate equal to the applicable comparable government bond rate plus 10 basis points and (b) if the Securities are redeemed on or after
the Par Call Date, 100% of the principal amount of such Securities; plus, in each case, accrued and unpaid interest thereon to the date
of redemption.

 

     

     

    

The term “comparable
government bond” means in relation to any comparable government bond rate calculation, at the discretion of an independent
investment banker selected by the Issuer, a German government bond whose maturity is closest to the maturity of the Securities to be
redeemed (assuming for this purpose that the Securities matured on the Par Call Date), or if such independent investment banker in its
discretion determines that such similar bond is not in issue, such other German government bond as such independent investment banker
may, with the advice of three brokers of, and/or market makers in, German government bonds selected by us, determine to be appropriate
for determining the comparable government bond rate.

 

The term “comparable
government bond rate” means the yield to maturity, expressed as a percentage (rounded to three decimal places, with 0.0005
being rounded upwards), on the third Business Day prior to the date fixed for redemption, of the applicable comparable government bond
on the basis of the middle market price of such comparable government bond prevailing at 11:00 a.m. (London time) on such business day
as determined by an independent investment banker selected by the Issuer.

 

The term “independent
investment banker” means each of Barclays Bank PLC and Deutsche Bank AG, London Branch (or their respective successors), or
if each such firm is unwilling or unable to select the comparable government bond, an independent investment banking institution of international
standing appointed by the Issuer.

 

14.       Redemption
for Tax Reasons.

 

If, as a result
of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States (or any taxing
authority in the United States), or any change in, or amendment to, an official position regarding the application or interpretation
of such laws, regulations or rulings, which change or amendment is announced or becomes effective on or after September 7, 2021, the
Issuer becomes or, based upon a written opinion of independent counsel selected by us, will become obligated to pay additional amounts
as described in Section 15 herein under the heading “Payment of Additional Amounts” with respect to the Securities, then
the Issuer may, at any time at its option, redeem, in whole, but not in part, the Securities on not less than 15 nor more than 30 days’
prior notice, at a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the Securities
to, but not including, the date fixed for redemption.

 

15.       Payment
of Additional Amounts.

 

The Issuer, will,
subject to the exceptions and limitations set forth below, pay as additional interest on the Securities such additional amounts as are
necessary in order that the net payment by the Issuer or its paying agent of the principal of and interest in respect of the Securities
to a beneficial owner who is not a United States person (as defined below), after withholding or deduction for any present or future
tax, assessment or other governmental charge (“Tax”) imposed by the United States or a taxing authority in the United
States, will not be less than the amount provided in the Securities to be then due and payable; provided, however, that the foregoing
obligation to pay additional amounts shall not apply:

 

		(a)	to any Tax that is imposed by reason
                                            of the Holder (or the beneficial owner for whose benefit such Holder holds the Securities),
                                            or a fiduciary, settlor,

 

     

     

    

beneficiary,
member or shareholder of the Holder or beneficial owner if the Holder or beneficial owner is an estate, trust, partnership, corporation
or other entity, or a person holding a power over an estate or trust administered by a fiduciary Holder, being considered as:

 

		(i)	being or having been engaged in a
                                            trade or business in the United States or having or having had a permanent establishment
                                            in the United States;

 

		(ii)	having a current or former connection
                                            with the United States (other than a connection arising solely as a result of the ownership
                                            of the Securities, the receipt of any payment or the enforcement of any rights hereunder),
                                            including being or having been a citizen or resident of the United States;

 

		(iii)	being or having been a personal
                                            holding company, a passive foreign investment company or a controlled foreign corporation
                                            for U.S. federal income tax purposes, a foreign-tax exempt organization, or a corporation
                                            that has accumulated earnings to avoid U.S. federal income tax;

 

		(iv)	being or having been a “10-percent
                                            shareholder” of the Issuer or the applicable guarantor as defined in Section 871(h)(3)
                                            of the United States Internal Revenue Code of 1986, as amended (the “Code”),
                                            or any successor provision; or

 

		(v)	being a bank receiving payments on
                                            an extension of credit made pursuant to a loan agreement entered into in the ordinary course
                                            of its trade or business, as described in Section 881(c)(3) of the Code or any successor
                                            provision;

 

		(b)	to any Holder that is not the sole
                                            beneficial owner of the Securities, or a portion of the Securities, or that is a fiduciary,
                                            partnership, limited liability company or other fiscally transparent entity, but only to
                                            the extent that a beneficial owner with respect to the Holder, a beneficiary or settlor with
                                            respect to the fiduciary, or a beneficial owner or member of the partnership, limited liability
                                            company or other fiscally transparent entity, would not have been entitled to the payment
                                            of an additional amount had the beneficiary, settlor, beneficial owner or member received
                                            directly its beneficial or distributive share of the payment;

 

		(c)	to the extent any Tax that would not
                                            have been imposed but for the failure of the Holder or any other person to comply with certification,
                                            identification or information reporting requirements concerning the nationality, residence,
                                            identity or connection with the United States of the Holder or beneficial owner of the Securities,
                                            if compliance is required by statute, by regulation of the United States or any taxing authority
                                            therein or by an applicable income tax treaty to which the United States is a party as a
                                            precondition to exemption from such Tax, or reduction in such Tax;

 

		(d)	to any Tax that is imposed otherwise
                                            than by withholding by the Issuer or a an applicable withholding agent from the payment;

 

		(e)	to any Tax that would not have been
                                            imposed but for a change in law, regulation, or administrative or judicial interpretation
                                            that becomes effective more than 15

 

     

     

    

days after
the payment becomes due or is duly provided for, whichever occurs later;

 

		(f)	to any estate, inheritance, gift,
                                            sales, excise, transfer, wealth, capital gains or personal property or similar Tax;

 

		(g)	to any Tax required to be withheld
                                            by any paying agent from any payment of principal of or interest on any Security, if such
                                            payment can be made without such withholding by at least one other paying agent;

 

		(h)	to the extent any Tax that would not
                                            have been imposed but for the presentation by the Holder of any Security, where presentation
                                            is required, for payment on a date more than 30 days after the date on which payment became
                                            due and payable or the date on which payment thereof is duly provided for, whichever occurs
                                            later;

 

		(i)	to any Tax that is imposed or withheld
                                            solely by reason of the beneficial owner being a bank (i) purchasing the Securities in the
                                            ordinary course of its lending business or (ii) that is neither (A) buying the Securities
                                            for investment purposes only nor (B) buying the Securities for resale to a third party that
                                            either is not a bank or holding the Securities for investment purposes only;

 

		(j)	to any Tax imposed under Sections
                                            1471 through 1474 of the Code (or any amended or successor provisions), any current or future
                                            regulations or official interpretations thereof, any agreement entered into pursuant to Section
                                            1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted
                                            pursuant to any intergovernmental agreement entered into in connection with the implementation
                                            of such sections of the Code whether currently in effect or as published and amended from
                                            time to time; or

 

		(k)	in the case of any combination of
                                            items (a)-(j) above.

 

As used in this
Section 15, “United States person” means any individual who is a citizen or resident of the United States for U.S.
federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States,
any state of the United States or the District of Columbia, or any estate or trust the income of which is subject to U.S. federal income
taxation regardless of its source.

 

16.       Defaults
and Remedies.

 

If an Event of Default
(other than certain bankruptcy Events of Default with respect to the Issuer or any of the Guarantors) occurs and is continuing, the Trustee
or the Holders of at least 25% in aggregate principal amount of Securities then outstanding may declare all of the Securities to be due
and payable immediately in the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to
the Issuer or any of the Guarantors occurs and is continuing, all the Securities shall be immediately due and payable immediately in
the manner and with the effect provided in the Indenture without any notice or other action on the part of the Trustee or any Holder.
Holders of Securities may not enforce the Indenture, the Securities or the Guarantees except as provided in the Indenture. The Trustee
is not obligated to enforce the

 

     

     

    

Indenture, the Securities or the Guarantees
unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders
of a majority in aggregate principal amount of the Securities then outstanding to direct the Trustee in its exercise of any trust or
power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of Default if it determines
that withholding notice is in their interest.

 

17.       Trustee
Dealings with Issuer.

 

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

 

18.       No
Recourse Against Others.

 

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

 

19.       Authentication.

 

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

 

20.       Abbreviations
and Defined Terms.

 

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

 

21.       ISIN
Numbers.

 

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

 

22.       Governing
Law.

 

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

 

     

     

    

ASSIGNMENT
FORM

 

I or we assign and transfer this Security
to

 

 

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

 

 

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

 

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

 

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

 

 

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

     

     

    
 

 EXHIBIT B

 

 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING
OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A COMMON DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY
NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN
SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE
A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.

 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, AS NOMINEE OF THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON
DEPOSITARY FOR EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”) AND CLEARSTREAM BANKING, SOCIÉTÉ
ANONYME, LUXEMBOURG (“CLEARSTREAM, LUXEMBOURG” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF THE BANK OF
NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK MELLON,
LONDON BRANCH, AS COMMON DEPOSITARY FOR EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED
OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON DEPOSITARY
FOR EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH
AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK MELLON, LONDON BRANCH, HAS AN INTEREST HEREIN.

 

     

     

    

COMCAST CORPORATION

 

0.250% Notes
due 2029

 

	No. 1	ISIN No.: XS2385398206
	 	€500,000,000

  

COMCAST CORPORATION,
a Pennsylvania corporation (the “Issuer”, which term includes any successor corporation), for value received promises
to pay to The Bank of New York Depository (Nominees) Limited, as nominee of The Bank of New York Mellon, London Branch, as common depositary
for Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme, Luxembourg, or registered assigns, the principal
sum of €500,000,000 (Five Hundred Million Euros) on September 14, 2029.

 

Interest Payment
Date: September 14 (the “Interest Payment Date”), commencing on September 14, 2022.

 

Interest Record
Date: August 30 (the “Interest Record Date”).

 

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

 

     

     

    

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

 

 

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

 

[Seal of Comcast Corporation]

 

Attest:

 

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

     

     

    

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

 

Dated: September 14, 2021

 

	 	THE BANK OF NEW
YORK MELLON,

      as Trustee

     

	 	 	 
	 	By:	 
	 	 	Authorized Signatory 
	 	 	 

 

     

     

    

(REVERSE OF SECURITY)

 

COMCAST CORPORATION

 

0.250% Notes due
2029

 

1.       Interest.

 

COMCAST CORPORATION,
a Pennsylvania corporation (the “Issuer”), promises to pay interest on the principal amount of this Security at the
rate per annum shown above. Cash interest on the Securities will accrue from the most recent date to which interest has been paid or,
if no interest has been paid, from September 14, 2021. The Issuer will pay interest annually in arrears on the Interest Payment Date,
commencing September 14, 2022.

 

Interest on the
Securities will be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual
number of days from and including the last date to which interest was paid on the Securities (or September 14, 2021 if no interest has
been paid on the Securities), to but excluding the next scheduled Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL
(ICMA) as defined in the rulebook of the International Capital Market Association.

 

If any Interest
Payment Date, maturity date or redemption date falls on a day that is not a Business Day, the payment will be made on the next Business
Day with the same force and effect as if made on the relevant Interest Payment Date, maturity date or redemption date, and no interest
will accrue in respect of the delay.

 

The term “Business
Day” means any day other than a Saturday or Sunday (i) which is not a day on which banking institutions in The City of New
York or London are authorized or obligated by law, regulation or executive order to close and (ii) on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System (the TARGET2 system) or any successor thereto is open.

 

The Issuer shall
pay interest on overdue principal from time to time on demand at the rate borne by the Securities and on overdue installments of interest
(without regard to any applicable grace periods) to the extent lawful.

 

2.       Issuance
in Euro.

 

Principal, premium,
if any, and interest payments will be payable in Euro. If Euro is unavailable to the Issuer due to the imposition of exchange controls
or other circumstances beyond the Issuer’s control, then all payments will be made in U.S. dollars until Euro is again available
to the Issuer. The amount payable on any date in Euro will be converted into U.S. dollars at the Market Exchange Rate (as defined below)
or, if such Market Exchange Rate is not then available, on the basis of the most recently available market exchange rate for Euro. Any
payment so made in U.S. dollars will not constitute an event of default under the Indenture. Neither the Trustee nor the Paying Agent
will be

 

     

     

    

responsible for obtaining exchange rates,
effecting currency conversions or otherwise handling re-denominations.

 

The term “Market
Exchange Rate” means the noon buying rate in The City of New York for cable transfers of Euro as certified for customs purposes
(or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York.

 

3.       Method
of Payment.

 

The Issuer shall
pay interest on the Securities (except defaulted interest) to the persons who are the registered Holders at the close of business on
the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security subsequent
to such Interest Record Date and prior to such Interest Payment Date. Holders must surrender Securities to The Bank of New York Mellon
(the “Trustee”) to collect principal payments.

 

The payments of
interest, and any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final
payment of principal) shall be made by the Paying Agent, upon receipt from the Issuer of immediately available funds by 10:00 a.m., London
time one Business Day prior to the payment due date (or such other time as may be agreed to between the Issuer and the Paying Agent),
directly to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the Paying Agent
15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which such payments
shall be so made and in the case of payments of principal surrenders the same to the Trustee in exchange for a Security or Securities
aggregating the same principal amount as the unredeemed principal amount of the Securities surrendered.

 

4.       Paying
Agent.

 

Initially, The Bank
of New York Mellon, London Branch will act as Paying Agent. The Issuer may change any Paying Agent without notice to the Holders.

 

     

     

    

5.       Indenture.

 

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

 

6.       Guarantees.

 

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

 

7.       Denominations;
Transfer; Exchange.

 

The Securities are
in registered form, without coupons, in denominations of €100,000 and multiples of €1,000 in excess thereof. A Holder shall
register the transfer of or exchange Securities in accordance with the Indenture. The Issuer may require a Holder, among other things,
to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable
in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange
any Securities or portions thereof for a period of fifteen (15) days before the giving of a notice of redemption, nor need the Issuer
register the transfer or exchange any security selected for redemption in whole or in part.

 

8.       Persons
Deemed Owners.

 

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

 

9.       Unclaimed
Funds.

 

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

 

     

     

    

10.       Legal
Defeasance and Covenant Defeasance.

 

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

 

11.       Amendment;
Supplement; Waiver.

 

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

 

12.       Restrictive
Covenants.

 

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

 

13.       Optional
Redemption.

 

The Issuer will
have the right at its option to redeem any of the Securities in whole or in part, at any time or from time to time prior to their maturity,
on at least 15 days, but not more than 30 days, prior notice delivered electronically or mailed to the registered address of each Holder
of the Securities, at the applicable Redemption Price. The Issuer will calculate the Redemption Price in connection with any redemption
hereunder.

 

“Redemption
Price” means (a) at any time prior to June 14, 2029 (three (3) months prior to the maturity of the Securities) (the “Par
Call Date”), the greater of (i) 100% of the principal amount of such Securities and (ii) the sum of the present values of the
principal amount of such Securities and the scheduled payments of interest thereon (exclusive of interest accrued to the date of redemption)
from the redemption date to the Par Call Date, in each case discounted to the redemption date on an actual (ACTUAL/ACTUAL (ICMA)) basis
at a rate equal to the applicable comparable government bond rate plus 15 basis points and (b) if the Securities are redeemed on or after
the Par Call Date, 100% of the principal amount of such Securities; plus, in
each case, accrued and unpaid interest thereon to the date of redemption.

 

     

     

    

The term “comparable
government bond” means in relation to any comparable government bond rate calculation, at the discretion of an independent
investment banker selected by the Issuer, a German government bond whose maturity is closest to the maturity of the Securities to be
redeemed (assuming for this purpose that the Securities matured on the Par Call Date), or if such independent investment banker in its
discretion determines that such similar bond is not in issue, such other German government bond as such independent investment banker
may, with the advice of three brokers of, and/or market makers in, German government bonds selected by us, determine to be appropriate
for determining the comparable government bond rate.

 

The term “comparable
government bond rate” means the yield to maturity, expressed as a percentage (rounded to three decimal places, with 0.0005
being rounded upwards), on the third Business Day prior to the date fixed for redemption, of the applicable comparable government bond
on the basis of the middle market price of such comparable government bond prevailing at 11:00 a.m. (London time) on such business day
as determined by an independent investment banker selected by the Issuer.

 

The term “independent
investment banker” means each of Barclays Bank PLC and Deutsche Bank AG, London Branch (or their respective successors), or
if each such firm is unwilling or unable to select the comparable government bond, an independent investment banking institution of international
standing appointed by the Issuer.

 

14.       Redemption
for Tax Reasons.

 

If, as a result
of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States (or any taxing
authority in the United States), or any change in, or amendment to, an official position regarding the application or interpretation
of such laws, regulations or rulings, which change or amendment is announced or becomes effective on or after September 7, 2021, the
Issuer becomes or, based upon a written opinion of independent counsel selected by us, will become obligated to pay additional amounts
as described in Section 15 herein under the heading “Payment of Additional Amounts” with respect to the Securities, then
the Issuer may, at any time at its option, redeem, in whole, but not in part, the Securities on not less than 15 nor more than 30 days’
prior notice, at a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the Securities
to, but not including, the date fixed for redemption.

 

15.       Payment
of Additional Amounts.

 

The Issuer, will,
subject to the exceptions and limitations set forth below, pay as additional interest on the Securities such additional amounts as are
necessary in order that the net payment by the Issuer or its paying agent of the principal of and interest in respect of the Securities
to a beneficial owner who is not a United States person (as defined below), after withholding or deduction for any present or future
tax, assessment or other governmental charge (“Tax”) imposed by the United States or a taxing authority in the United
States, will not be less than the amount provided in the Securities to be then due and payable; provided, however, that the foregoing
obligation to pay additional amounts shall not apply:

 

		(a)	to any Tax that is imposed by reason
                                            of the Holder (or the beneficial owner for whose benefit such Holder holds the Securities),
                                            or a fiduciary, settlor,

 

     

     

    

beneficiary,
member or shareholder of the Holder or beneficial owner if the Holder or beneficial owner is an estate, trust, partnership, corporation
or other entity, or a person holding a power over an estate or trust administered by a fiduciary Holder, being considered as:

 

		(i)	being or having been engaged in a
                                            trade or business in the United States or having or having had a permanent establishment
                                            in the United States;

 

		(ii)	having a current or former connection
                                            with the United States (other than a connection arising solely as a result of the ownership
                                            of the Securities, the receipt of any payment or the enforcement of any rights hereunder),
                                            including being or having been a citizen or resident of the United States;

 

		(iii)	being or having been a personal
                                            holding company, a passive foreign investment company or a controlled foreign corporation
                                            for U.S. federal income tax purposes, a foreign-tax exempt organization, or a corporation
                                            that has accumulated earnings to avoid U.S. federal income tax;

 

		(iv)	being or having been a “10-percent
                                            shareholder” of the Issuer or the applicable guarantor as defined in Section 871(h)(3)
                                            of the United States Internal Revenue Code of 1986, as amended (the “Code”),
                                            or any successor provision; or

 

		(v)	being a bank receiving payments on
                                            an extension of credit made pursuant to a loan agreement entered into in the ordinary course
                                            of its trade or business, as described in Section 881(c)(3) of the Code or any successor
                                            provision;

 

		(b)	to any Holder that is not the sole
                                            beneficial owner of the Securities, or a portion of the Securities, or that is a fiduciary,
                                            partnership, limited liability company or other fiscally transparent entity, but only to
                                            the extent that a beneficial owner with respect to the Holder, a beneficiary or settlor with
                                            respect to the fiduciary, or a beneficial owner or member of the partnership, limited liability
                                            company or other fiscally transparent entity, would not have been entitled to the payment
                                            of an additional amount had the beneficiary, settlor, beneficial owner or member received
                                            directly its beneficial or distributive share of the payment;

 

		(c)	to the extent any Tax that would not
                                            have been imposed but for the failure of the Holder or any other person to comply with certification,
                                            identification or information reporting requirements concerning the nationality, residence,
                                            identity or connection with the United States of the Holder or beneficial owner of the Securities,
                                            if compliance is required by statute, by regulation of the United States or any taxing authority
                                            therein or by an applicable income tax treaty to which the United States is a party as a
                                            precondition to exemption from such Tax, or reduction in such Tax;

 

		(d)	to any Tax that is imposed otherwise
                                            than by withholding by the Issuer or a an applicable withholding agent from the payment;

 

		(e)	to any Tax that would not have been
                                            imposed but for a change in law, regulation, or administrative or judicial interpretation
                                            that becomes effective more than 15

 

     

     

    

days after
the payment becomes due or is duly provided for, whichever occurs later;

 

		(f)	to any estate, inheritance, gift,
                                            sales, excise, transfer, wealth, capital gains or personal property or similar Tax;

 

		(g)	to any Tax required to be withheld
                                            by any paying agent from any payment of principal of or interest on any Security, if such
                                            payment can be made without such withholding by at least one other paying agent;

 

		(h)	to the extent any Tax that would not
                                            have been imposed but for the presentation by the Holder of any Security, where presentation
                                            is required, for payment on a date more than 30 days after the date on which payment became
                                            due and payable or the date on which payment thereof is duly provided for, whichever occurs
                                            later;

 

		(i)	to any Tax that is imposed or withheld
                                            solely by reason of the beneficial owner being a bank (i) purchasing the Securities in the
                                            ordinary course of its lending business or (ii) that is neither (A) buying the Securities
                                            for investment purposes only nor (B) buying the Securities for resale to a third party that
                                            either is not a bank or holding the Securities for investment purposes only;

 

		(j)	to any Tax imposed under Sections
                                            1471 through 1474 of the Code (or any amended or successor provisions), any current or future
                                            regulations or official interpretations thereof, any agreement entered into pursuant to Section
                                            1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted
                                            pursuant to any intergovernmental agreement entered into in connection with the implementation
                                            of such sections of the Code whether currently in effect or as published and amended from
                                            time to time; or

 

		(k)	in the case of any combination of
                                            items (a)-(j) above.

 

As used in this
Section 15, “United States person” means any individual who is a citizen or resident of the United States for U.S.
federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States,
any state of the United States or the District of Columbia, or any estate or trust the income of which is subject to U.S. federal income
taxation regardless of its source.

 

16.       Defaults
and Remedies.

 

If an Event of Default
(other than certain bankruptcy Events of Default with respect to the Issuer or any of the Guarantors) occurs and is continuing, the Trustee
or the Holders of at least 25% in aggregate principal amount of Securities then outstanding may declare all of the Securities to be due
and payable immediately in the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to
the Issuer or any of the Guarantors occurs and is continuing, all the Securities shall be immediately due and payable immediately in
the manner and with the effect provided in the Indenture without any notice or other action on the part of the Trustee or any Holder.
Holders of Securities may not enforce the Indenture, the Securities or the Guarantees except as provided in the Indenture. The Trustee
is not obligated to enforce the

 

     

     

    

Indenture, the Securities or the Guarantees
unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders
of a majority in aggregate principal amount of the Securities then outstanding to direct the Trustee in its exercise of any trust or
power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of Default if it determines
that withholding notice is in their interest.

 

17.       Trustee
Dealings with Issuer.

 

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

 

18.       No
Recourse Against Others.

 

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

 

19.       Authentication.

 

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

 

20.       Abbreviations
and Defined Terms.

 

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

 

21.       ISIN
Numbers.

 

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

 

22.       Governing
Law.

 

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

 

     

     

    

ASSIGNMENT
FORM

 

I or we assign and transfer this Security
to

 

 

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

 

 

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

 

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

 

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

 

 

	Signature Guarantee:  	_________________________________________ 
	 	Participant in a recognized Signature Guarantee 
	 	Medallion Program (or other signature guarantor 
	 	program reasonably acceptable to the Trustee)BRMF&S DRAFT – 8/15/01

Exhibit 10.01

FIRST AMENDMENT TO

CONSULTING AGREEMENT AND WARRANTS

 

This First Amendment to Consulting Agreement and Warrants (this "First Amendment") is dated and effective as of September 11, 3021 (the “Effective Date”), and is entered into by and  between Bakhu Holdings, Corp., a Nevada corporation (the “Company”) and Fourth and G Holdings, LLC a limited liability company organized under the laws of Delaware (the “Consultant”). 

 

RECITALS

 

A.Whereas, on June 7, 2021 (the “Original Effective Date”), The Company and Consultant entered into a Consulting Agreement (the “Original Agreement”). 

 

B.Whereas also on June 7, 2021, pursuant to the terms of the Original Agreement the Company issued to Consultant, Warrant No. 2021-001 (the “Tranche 1 Warrant”) and Warrant No. 2021-002 (the “Tranche 2 Warrant”), collectively the “Warrants”. 

 

C.Whereas, the Company and Consultant desire to amend the Original Agreement and Warrants, to provide that the total number of Warrants and shares issued thereunder, shall be reduced from 30,000,000 to 15,000,000. 

 

AGREEMENT

 

NOW, THEREFORE, NOW, THEREFORE, in consideration of the Recitals and the respective covenants, agreements, and conditions, hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereto agree as follows:

  

1.Amendment to Article 4 of the Original Agreement.  Article 4 of the Original; Agreement is hereby amended in its entirety to read as follows: 

 

ARTICLE 4.

COMPENSATION; EXPENSES; TAXES AND ACCOUNTING

 

Consultant’s compensation under this Agreement shall consist of Warrants to purchase up to fifteen million (15,000,000) shares of Company common stock, with the number actually vested and to become exercisable dependent of Consultant’s performance.

 

4.1Section 3.1 through 3.5 Compensation. As compensation for the services provided by the Consultant pursuant to Sections 3.1 through 3.5, the Company shall issue to the Consultant on the Original Effective Date, a warrant (the “Tranche 1 Warrant”) to purchase seven hundred fifty thousand (750,000) shares of Company’s common stock at an exercise price of $3.00 per share.  The Tranche 1 Warrant shall have a term of six (6) years from the Original Effective Date and shall be in the form Warrant set forth in Exhibit A. The Tranche 1 Warrant shall vest, subject to the Consultant’s continued services with the Company through the applicable vesting date, as follows: 

 

(a)three hundred thousand (300,000) shares have vested as of June 7, 2021. 

Page 1

Exhibit 10.01

(b)provided the Agreement is in full force and effect an additional 150,000 shares of the Tranche 1 Warrant shall vest and be exercisable on the sixth month anniversary of the  Original Effective Date; 

 

(c)provided the Agreement is in full force and effect, an additional 150,000 shares of the Tranche 1 Warrant shall vest and be exercisable on the one-year anniversary of the Original Effective Date; and 

 

(d)provided the Agreement is in full force and effect, the remaining 150,000 shares of the Tranche 1 Warrant shall vest and be exercisable upon the two-year anniversary of the Original Effective Date. 

 

4.2Section 3.6 Compensation.  

 

(a)As compensation for Company’s entry into one or more Sublicenses as provided in Section 3.6, the Company shall issue to the Consultant on the Original Effective Date, a warrant (the “Tranche 2 Warrant”) to purchase fourteen million two hundred fifty thousand (14,250,000) shares of Company’s common stock at an exercise price of $3.00 per share. The Tranche 2 Warrant shall have a term of six (6) years from the Original Effective Date and shall be in the form Warrant set forth in Exhibit A. The Tranche 2 Warrant shall vest, subject to the Consultant’s continued services with the Company, as follows: 

 

(i)Four million two hundred fifty thousand (4,250,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the fifth (5th) Sublicense Agreement pursuant to Section 3.6; 

 

(ii)three million (3,000,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the tenth (10th) Sublicense Agreement pursuant to Section 3.6; 

 

(iii)two million five hundred thousand (2,500,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the fifteenth (15th) Sublicense Agreement pursuant to Section 3.6; 

 

(iv)two million (2,000,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the twentieth (20th) Sublicense Agreement pursuant to Section 3.6; 

 

(v)one million (1,000,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the first Sublicense Agreement entered into by the Company, CBD Biotech or a Subsidiary, with a Multi-State Operator; 

 

(vi)one million (1,000,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the second Sublicense Agreement entered into by the Company, CBD Biotech or a Subsidiary, with a Multi-State Operator; and 

 

(vii),five hundred thousand (500,000) shares of the Tranche 2 Warrant shall vest and be exercisable upon the execution of the third Sublicense Agreement entered into by the Company, CBD Biotech or a Subsidiary, with a Multi-State Operator. 

Page 2

Exhibit 10.01

(b)Except for the termination of this Agreement pursuant to Section 9.2 as a result of the closing of a Transaction, if this Agreement is terminated any time by either Party as provided herein, or the term of this Agreement is not renewed or extended, such termination shall not affect the obligation of the Company to pay the Consultant the compensation identified above for any Sublicense Agreement entered into by the Company, CBD Biotech, or a Subsidiary,  within 18 months after such termination with any party directed or introduced by the Consultant to the Company or through the efforts of the Consultant prior to such termination. 

 

4.3Potential Acceleration of Warrants upon closing of a Transaction. If during the Term of this Agreement the Company closes a Transaction, and this Agreement is terminated as of the closing of such Transaction as provided in Section 9.2, and at the date of such termination all Warrants have not otherwise vested pursuant to Sections 4.1 and 4.2, then the Consultant’s unvested Warrants shall vest as follows: 

(a)If the Company closes a Transaction with a Transaction Value of less than $1 Billion, there shall be an acceleration of the vesting of the number Warrants equal to five million (5,000,000) minus the Vested Warrant Shares, as of the closing date of the Transaction. 

 

(b)If the Company closes a Transaction with a Transaction Value between $1 billion and $2 billion, there shall be an acceleration of the vesting of the number Warrants equal to ten million (10,000,000) minus the Vested Warrant Shares, as of the closing date of the Transaction. 

 

(c)If Company closes a Transaction with a Transaction Value in excess of $2 billion, there shall be an acceleration of the vesting of the number Warrants equal to fifteen million (15,000,000) minus the Vested Warrant Shares, as of the closing date of the Transaction. 

 

(d)For the purposes of this Agreement “Vested Warrant Shares” shall mean shares that have already been issued to Consultant upon the exercise of a vested warrant plus any shares issuable pursuant to any then vested warrant under Sections 4.1 and 4.2. 

 

(e)For avoidance of doubt, if the mathematical equation with respect to the determination of the acceleration of the vesting of the number Warrants set forth in subsections 4.3(a) - (c) above is a zero or a negative number, there shall be no acceleration of the vesting of any warrants. 

 

By way of example, if as of the closing of a Transaction with a Transaction Value of less than $1 billion, there are 8,000,000 Vested Warrant Shares, there shall be no acceleration of any unvested warrants, as 5,000,000 minus 8,000,000 = (3,000,000).

 

Further by way of example, if as of the closing of a Transaction with a Transaction Value of between $1 billion and $2 billion, there are 8,000,000 Vested Warrant Shares, there would be an acceleration of 2,000,000 warrants, as 10,000,000 minus 8,000,000 = 2,000,000.

 

(f)Under no circumstances shall the Consultant be entitled to receive vested Warrants under this Agreement to purchase more than 15,000,000 shares of the Company’s common stock. 

 

(g)In the event of the acceleration of the vesting of any warrants, any such vested warrants shall become fully exercisable upon the closing of a Transaction and will be treated in the same fashion and receive the same consideration, applicable to any shareholder and/or the holders of any options or warrants, in such Transaction. 

Page 3

Exhibit 10.01

(h)If this Agreement is terminated any time by either Party as provided herein, or the term of this Agreement is not renewed or extended, such termination shall not affect the acceleration of the vesting of the number Warrants set forth in subsections 4.3(a)-(c) above as to a Transaction which is consummated by Company within 18 months after such termination. 

 

2.Amendment to Tranche 1 - Warrant 2021-001.   Warrant 2021-001 is hereby amended as follows: 

 

(a)The second paragraph of Warrant 2021-001 is hereby amended to read as follows: 

 

“Bakhu Holdings, Corp., a Nevada corporation (the “Company”), for value received, hereby certifies that, Fourth and G Holdings, LLC, a Delaware limited liability company (the “Holder”), is entitled, subject to the terms and conditions set forth herein, to purchase from the Company up to a total of 750,000 shares of Common Stock (each such share, a “Warrant Share” and all such shares, the “Warrant Shares”), at any time after vesting as set forth in Section 4, for a period of six (6) years through and including 5:30 PM, PST of June 7, 2027 (the “Expiration Date”), and subject to the following terms and conditions:”

 

(b)Section 3 of Warrant 2021-001 is hereby amended in its entirety to read as follows: 

 

Number of Shares for Which Warrant is Exercisable.  In accordance with the terms of the Consulting Agreement, the Warrant shall become exercisable for an aggregate of 750,000 shares of Common Stock of the Company (subject to future adjustment from time to time pursuant to the terms of Section 4 herein).

 

(c)Section 4 of Warrant 2021-001 is hereby amended in its entirety to read as follows: 

 

3.Vesting. The Warrant shall vest, subject to the Consultant’s continued services with the Company under the Consulting Agreement, through the applicable vesting date, as follows: 

 

(a)right to purchase three hundred thousand (300,000) Warrant Shares will vest and be exercisable on the Original Effective Date; 

 

(b)provided the Consulting Agreement is in full force and effect, right to purchase an additional 150,000 Warrant Shares shall vest and be exercisable on the sixth month anniversary of the Original Effective Date; 

 

(c)provided the Consulting Agreement is in full force and effect, right to purchase an additional 150,000 Warrant Shares shall vest and be exercisable, on the one-year anniversary of the Original Effective Date; and 

 

(d)provided the Consulting Agreement is in full force and effect, right to purchase an additional 150,000 Warrant Shares shall vest and be exercisable, on the two-year anniversary of the Original Effective Date. 

Page 4

Exhibit 10.01

(e)Notwithstanding Sections 4(a) through (d) above, in the event of a Transaction, unvested Warrants may be subject to acceleration of vesting as provided in Section 4.3 of the Consulting Agreement. 

 

3.Amendment to Tranche 2 - Warrant 2021-002.   Warrant 2021-002 is hereby amended as follows: 

 

(a)The second paragraph of Warrant 2021-001 is hereby amended to read as follows: 

 

“Bakhu Holdings, Corp., a Nevada corporation (the “Company”), for value received, hereby certifies that, Fourth and G Holdings, LLC, a Delaware limited liability company (the “Holder”), is entitled, subject to the terms and conditions set forth herein, to purchase from the Company up to a total of 14,250,000 shares of Common Stock (each such share, a “Warrant Share” and all such shares, the “Warrant Shares”), at any time after vesting as set forth in Section 4, for a period of six (6) years through and including 5:30 PM, PST of June 7, 2027 (the “Expiration Date”), and subject to the following terms and conditions:”

 

(b)Section  3 of Warrant 2021-002 is hereby amended in its entirety to read as follows: 

 

Number of Shares for Which Warrant is Exercisable.  In accordance with the terms of the Consulting Agreement, the Warrant shall become exercisable for an aggregate of 14,250,000 shares of Common Stock of the Company (subject to future adjustment from time to time pursuant to the terms of Section 4 herein).

 

 

(c)Section 4 of Warrant 2021-002 is hereby amended in its entirety to read as follows: 

 

4.Vesting.  Subject to Section 4.2(b) of the Consulting Agreement, provided the Consulting Agreement is in full force and effect, the Warrant shall vest as follows: 

 

(a)the right to purchase 4,250,000 Warrant Shares will vest and be exercisable upon the execution of the fifth (5th) Sublicense Agreement pursuant to Section 3.6 of the Consulting Agreement; 

 

(b)the right to purchase an additional 3,000,000 Warrant Shares will vest and be exercisable upon the execution of the tenth (10th) Sublicense Agreement pursuant to Section 3.6 of the Consulting Agreement; 

 

(c)the right to purchase an additional 2,500,000 Warrant Shares will vest and be exercisable upon the execution of the fifteenth (15th) Sublicense Agreement pursuant to Section 3.6 of the Consulting Agreement; 

 

(d)the right to purchase an additional 2,000,000 Warrant Shares will vest and be exercisable upon the execution of the twentieth (20th) Sublicense Agreement pursuant to Section 3.6 of the Consulting Agreement; 

Page 5

Exhibit 10.01

(e)the right to purchase an additional 1,000,000 Warrant Shares will vest and be exercisable upon the execution of the first Sublicense Agreement entered into with a Multi-State Operator pursuant to Section 3.6 of the Consulting Agreement; 

 

(f)the right to purchase an additional 1,000,000 Warrant Shares will vest and be exercisable upon the execution of the second Sublicense Agreement entered into with a Multi-State Operator pursuant to Section 3.6 of the Consulting Agreement; and 

 

(g)the right to purchase an additional 500,000  Warrant Shares will vest and be exercisable upon the execution of the third Sublicense Agreement entered into with a Multi-State Operator pursuant to Section 3.6 of the Consulting Agreement.  

 

(h)Notwithstanding Sections 4(a) through (g) above, in the event of a Transaction, unvested Warrants may be subject to acceleration of vesting as provided in Section 4.3 of the Consulting Agreement. 

 

4.No Other Modifications.  Except as modified herein, the all other terms and provisions of the Original Agreement, Warrant 2021-001 and 2021-002, shall remain in full force and effect. 

 

5.Manner of Execution; Counterparts. This First Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this agreement by facsimile, portable document format (.pdf), DocuSign or other electronic transmission shall be equally as effective as delivery of a manually executed counterpart of this Agreement. 

 

*** Signature Page Follows ***

Page 6

Exhibit 10.01

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	 

	COMPANY

	 

	 

	 

	Bakhu Holdings, Corp.

	 

	 

	 

	/s/ Thomas K. Emmitt

	 

	By: Thomas K. Emmitt

	 

	Its: President and CEO

	 

	 

	 

	CONSULTANT

	 

	 

	 

	Fourth and G Holdings, LLC

	 

	 

	 

	/s/ Christopher S. Ganan

	 

	By: Christopher S. Ganan

	 

	Title: Sole and Managing Member

Page 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]