Comcast 2010 Annual Report Download - page 261

(b) Notwithstanding any duty otherwise existing at Law or in equity, to the fullest extent permitted by Law, and subject only to
Section 10.03, if a Member, any Director designated by a Member, any Affiliate of such Member (other than any Affiliate that is a natural
person) or any officer of the Company or any of its Subsidiaries who is also an employee of such Member (or any of such Member’s Affiliates)
acquires knowledge of a potential transaction or matter which may be a business opportunity for both such Member or an Affiliate of such
Member, on the one hand, and the Company or its Subsidiaries or another Member or another Member’
s Affiliate (other than any Affiliate that is
a natural person), on the other hand, no such Member, Director, Affiliate or officer shall have a duty to communicate or offer such business
opportunity to the Company or its Subsidiaries or such other Member or such other Member’s Affiliate, and no such Person shall be liable to the
Company or its Subsidiaries, the other Members and their Affiliates in respect of any such matter (including for any breach of fiduciary or other
duties) by reason of the fact that such Member or any Affiliate of such Member (other than any Affiliate that is a natural person) pursues or
acquires such business opportunity for itself or by reason of the fact that such Member, Director, Affiliate or officer directs such opportunity to
such Member or an Affiliate of such Member (other than any Affiliate that is a natural person) or does not communicate information regarding
such opportunity to the Company or its Subsidiaries. Notwithstanding the foregoing, the first sentence of this Section 6.02(b) shall not apply to
any such knowledge or business opportunity acquired by any Director who is an officer of the Company or any of its Subsidiaries (other than an
officer of the Company or any of its Subsidiaries who is an employee of Comcast, GE or any of their Subsidiaries) in his or her capacity as an
officer of the Company or such Subsidiary. For the avoidance of doubt, a Director shall not be considered to be an officer of the Company by
virtue of holding the position of Chairman of the Board or any other Board-level position.
ARTICLE 7
A
CCOUNTING , T AX , F ISCAL AND L EGAL M ATTERS
Section 7.01. Fiscal Year . The fiscal year of the Company shall end on December 31 of each year or on such other day as may be fixed
from time to time by resolution of the Board.
Section 7.02. Bank Accounts . In the absence of instructions from the Board to the contrary, an authorized officer of the Company shall
determine the institution or institutions at which the Company’s bank accounts will be opened and maintained, the types of accounts, and the
Persons who will have authority with respect to the accounts and the funds therein.
Section 7.03. Books of Account and Other Information . (a) The Company shall prepare and maintain, at its principal place of business,
separate books of account for the Company that shall show a true and accurate record of all costs and expenses incurred, all charges made, all
credits made and received
56