Document:

Exhibit 10.12

 

COLLATERAL ASSIGNMENT

 

COLLATERAL ASSIGNMENT
made as of this 23rd day of October, 2015 (“Collateral Assignment”) by USELL.COM., INC., a Delaware corporation
(“uSell”), BST Distribution, Inc. (“BST”), We Sell Cellular, LLC (“We Sell” and together with
uSell and BST, each an “Assignor” and collectively the “Assignors”) to BAM ADMINISTRATIVE
SERVICES, LLC, a Delaware limited liability company, as agent for the Purchasers (as defined in the Security Agreement referred
to below) (“Assignee”) for the ratable benefit of itself and each of the Purchasers (collectively, the “Creditor
Parties”).

 

FOR VALUE RECEIVED,
and as collateral security for all Liabilities (as defined in the Security Agreement dated as of October 23, 2015 by and among
Assignor, the other Debtors referred to therein and the Assignee (as amended, modified, restated or supplemented from time to time,
the “Security Agreement”)), each Assignor hereby collaterally assigns, transfers and sets over unto Assignee,
its successors and assigns, for the ratable benefit of the Creditor Parties, all of its rights, but not its obligations, under
(a) that certain Stock Purchase Agreement dated October 23, 2015, effective as of October 1, 2015, by and among Assignor, as purchaser,
and BST, Scott Tepfer and Brian Tepfer, as sellers (collectively, “Sellers”), and all of the other agreements
and documents by which equity interests, assets or rights of the Sellers are transferred to Assignor, (b) that certain Assignment
Agreement dated October 23, 2015, effective as of October 1, 2015, by and among BST, We Cell, and Sellers, (c) that certain Assumption
of Samsung Litigation Costs dated October 23, 2015, effective as of October 1, 2015, by and among Sellers and uSell and (d) any
and all other agreements and documents by which equity interests, assets or rights of the Sellers are transferred to any Assignor
(as each of the agreements and documents in the foregoing clauses (a) through (d) may be amended, modified, restated or supplemented
from time to time, collectively, the “Agreements”), including, without limitation, all indemnity rights and
all moneys and claims for moneys due and/or to become due to any Assignor under the Agreements.

 

1.      Each
Assignor hereby (i) specifically authorizes and directs Sellers, upon notice to Sellers by Assignee, to make all payments due to
Assignor under or arising under the Agreements directly to Assignee and (ii) irrevocably authorizes and empowers Assignee (a) to
ask, demand, receive, receipt and give acquittance for any and all amounts which may be or become due or payable, or remain unpaid
at any time and times to Assignor by Sellers under and pursuant to the Agreements, (b) to endorse any checks, drafts or other orders
for the payment of money payable to any Assignor in payment thereof, and (c) in Assignee’s discretion to file any claims
or take any action or institute any proceeding, either in its own name or in the name of any Assignor or otherwise, which Assignee
may deem necessary or advisable to effectuate the foregoing. It is expressly understood and agreed, however, that Assignee shall
not be required or obligated in any manner to make any demand or to make any inquiry as to the nature or sufficiency of any payment
received by it, or to present or file any claim or take any other action to collect or enforce the payment of any amounts which
may have been assigned to Assignee or to which Assignee may be entitled hereunder at any time or times. Assignee hereby acknowledges
that it shall not exercise any rights under this Section 1 unless and until an Event of Default (as such term is defined in the
Security Agreement) shall have occurred and be continuing.

 

     

     

    

  

2.      Sellers
are hereby authorized to recognize Assignee’s claims to rights hereunder without investigating any reason for any action
taken by Assignee or the validity or the amount of the obligations or existence of any default, or the application to be made by
Assignee of any of the amounts to be paid to Assignee and/or any other Creditor Party. Checks for all or any part of the sums payable
under this Assignment shall be drawn to the sole and exclusive order of Assignee. Upon payment by Sellers to Assignee, for the
ratable benefit of the Creditor Parties, of any amounts due to any Assignor under or arising under the Agreements, the obligations
of Sellers to such Assignor with respect to such amounts shall be deemed paid in full and/or reduced by the amount of such payment,
as applicable.

 

3.      Without
first obtaining the written consent of Assignee (which such consent shall not be unreasonably withheld) no Assignor nor any Seller
shall amend or modify any Agreement.

 

4.      In
the event any Assignor declines to exercise any rights under the Agreements, Assignee shall have the right to enforce any and all
such rights of such Assignor directly against Sellers.

 

5.      This
Collateral Assignment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

 

[Remainder of Page Intentionally Left Blank;
Signature Page Follows]

 

    2 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Collateral Assignment as of the day and year first above written.

 

	 	USELL.COM, INC., as an Assignor
	 	 
	 	By:	/s/
Nikhil Raman
	 	 	Name: Nikhil Raman
	 	 	Title: Chief Executive Officer
	 	 	 
	 	BST DISTRIBUTION, INC., as an Assignor
	 	 
	 	By:	/s/ Brian Tepfer
	 	 	Name: Brian Tepfer
	 	 	Title: Chief Executive Officer
	 	 	 
	 	WE SELL CELLULAR LLC, as an Assignor
	 	 
	 	By:	/s/ Nikhil Raman
	 	 	Name: Nikhil Raman
	 	 	Title: Manager

 

	Sellers hereby consent and agree to the	 
	provisions of this Collateral Assignment	 
	as of this 23rd day of October, 2015	 
	 	 
	/s/ Scott Tepfer	 
	Scott Tepfer	 
	 	 
	/s/ Brian Tepfer	 
	Brian Tepfer	 
	 	 
	Assignee hereby agrees to those provisions	 
	of Sections 1 and 3 of this Collateral	 
	Assignment applicable to Assignee	 
	as of this 23rd day of October, 2015	 
	 	 
	BAM ADMINISTRATIVE SERVICES, LLC	 
	 	 	 
	By:	/s/	 
	 	Name:	 
	 	Title:	 

 

	SIGNATURE PAGE TO

COLLATERAL ASSIGNMENTEX-4.1

 Exhibit 4.1 

FOURTH SUPPLEMENTAL INDENTURE 

FOURTH SUPPLEMENTAL INDENTURE dated as of October 1, 2015 (this “Supplemental Indenture”), among Comcast
Corporation, a Pennsylvania corporation (the “Company”), Comcast Cable Communications, LLC (f/k/a Comcast Cable Communications, Inc.), a Delaware limited liability company (“Comcast Cable”), NBCUniversal Media, LLC,
a Delaware limited liability company (together with Comcast Cable, the “Guarantors”), and The Bank of New York Mellon (f/k/a The Bank of New York), as trustee (the “Trustee”). 

WHEREAS, the Company is the issuer under the Indenture, dated as of January 7, 2003, as supplemented by a First Supplemental
Indenture, dated as of March 25, 2003, a Second Supplemental Indenture, dated as of August 31, 2009 and a Third Supplemental Indenture, dated as of March 27, 2013 (collectively, the “Original Indenture” and, together
with this Supplemental Indenture, the “Indenture”), pursuant to which the Company issued, and the Trustee authenticated and delivered certain securities which are, as of the date hereof, outstanding (the “Outstanding
Securities”) and pursuant to which the Company may issue securities in the future (the “New Securities” and, together with the Outstanding Securities, the “Securities”); 

WHEREAS, the Guarantors identified above along with Comcast Cable Holdings, LLC, a Delaware limited liability company, Comcast MO
Group, LLC (f/k/a Comcast MO Group, Inc.), a Delaware limited liability company, and Comcast MO of Delaware, LLC (f/k/a Comcast MO of Delaware, Inc.), a Delaware limited liability company (collectively, the “Non-Surviving
Guarantors”), 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 and interest on, and all
other amounts payable under, each Security, and the full and punctual payment of all other amounts payable by the Company under the Original Indenture; 

WHEREAS, as of the date hereof, the Non-Surviving Guarantors have merged with and into Comcast Cable, with Comcast Cable as the surviving
entity; 
 WHEREAS, the Company and the Guarantors have requested that the Trustee execute and deliver this Supplemental Indenture to
reflect the merger of the Non-Surviving Guarantors with and into Comcast Cable, and all requirements necessary to make this Supplemental Indenture a valid instrument in accordance with its terms, and the execution and delivery of this Supplemental
Indenture have been duly authorized in all respects; and 
 WHEREAS, pursuant to Section 7.01(g) of the Indenture, the Company and the
Trustee may, without consent of the Holders, when so authorized by the Board of Directors of the Company, enter into a supplement to the Indenture to make any change that does not adversely affect the rights of any Holder, and the Board of Directors
of the Company has determined that the changes to the Indenture effected by this Supplemental Indenture do not adversely affect the rights of any Holder. 

 NOW, THEREFORE, the Company, the Guarantors and the Trustee do hereby supplement and amend the
Original Indenture pursuant to Section 7.01 without notice to or consent of any Holder as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions. Capitalized terms that are defined in the preamble or the recitals hereto shall have such meanings
throughout this Supplemental Indenture. Capitalized terms used but not defined in this Supplemental Indenture have the meanings assigned thereto in the Original Indenture. The meanings assigned to all defined terms used in this Supplemental
Indenture shall be equally applicable to both the singular and plural forms of such defined terms. 
 ARTICLE 2 

AMENDMENTS 

Section 2.01. Amendment. The Original Indenture is hereby amended as follows: 

“Cable Guarantor” means each of Comcast Cable Communications, LLC and NBCUniversal Media, LLC, in each case
excluding such entity’s Subsidiaries and unless and until such Cable Guarantor is released from its Cable Guarantee pursuant to this Indenture. 

ARTICLE 3 

MISCELLANEOUS 

Section 3.01. Date and Time of Effectiveness. This Supplemental Indenture shall become a legally effective and binding instrument
at and as of the date hereof. 
 Section 3.02. Supplemental Indenture Incorporated Into Indenture. The terms and conditions of
this Supplemental Indenture shall be deemed to be part of the Indenture for all purposes relating to the Securities. The Original Indenture is hereby incorporated by reference herein and the Original Indenture, as supplemented by this Supplemental
Indenture, is in all respects adopted, ratified and confirmed. 
 Section 3.03. Outstanding Securities Deemed Conformed. As of
the date hereof, the provisions of the Outstanding Securities shall be deemed to be conformed, without the necessity for any reissuance or exchange of such Outstanding Security or any other action on the part of the holders of Outstanding
Securities, the Company or the Trustee, so as to reflect this Supplemental Indenture. 

  
 2 

 Section 3.04. Separability. In case any provision in this Supplemental Indenture, or
in the Indenture, shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be
enforceable to the full extent permitted by law. 
 Section 3.05. Benefits of Supplemental Indenture. Nothing in this
Supplemental Indenture, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and the holders of Securities, any benefit or any legal or equitable right, remedy or claim under this
Supplemental Indenture or the Indenture. 
 Section 3.06. Successors. Subject to Section 13.09 of the Original Indenture,
all agreements of the Company, the Guarantors and the Trustee in this Supplemental Indenture and in the Indenture shall bind their respective successors. 

Section 3.07. New York Law to Govern. This Supplemental Indenture shall be deemed to be a contract under the laws of the
State of New York, and for all purposes shall be construed in accordance with the laws of such State. 
 Section 3.08.
Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

Section 3.09. Effect of Headings. The Article and Section headings herein are for convenience only and shall not affect the
construction hereof. 
 Section 3.10. Trustee. The Trustee makes no representations as to the validity or sufficiency of this
Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and the Guarantors and not of the Trustee. 

  
 3 

 IN WITNESS WHEREOF, each of the parties has caused this Supplemental Indenture to be duly
executed, all as of the first date written above. 
  

			
	COMCAST CORPORATION
		
	By:	 	/s/ William E. Dordelman
		 	Name: William E. Dordelman
		 	Title: Senior Vice President & Treasurer

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By:	 	/s/ Arthur R. Block

  

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

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By:	 	/s/ Arthur R. Block

  

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

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By:	 	/s/ Arthur R. Block

  
 [Signature Page – Supplemental
Indenture] 

 
			
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	/s/ Laurence J. O’Brien
		 	Name: Laurence J. O’Brien
		 	Title: Vice President

  
  
  

[Signature Page – Supplemental Indenture]

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