Comcast 2014 Annual Report Download - page 367

TIME SHARING AGREEMENT
This Time Sharing Agreement (this “Agreement”) is dated [ ], by and between Comcast Corporation, a corporation organized
and existing under the laws of the Commonwealth of Pennsylvania (“Company”), and [ ], an individual (“Timesharee”).
RECITALS
WHEREAS, Company is the registered owner of an undivided twelve and one-
half percent (12.5%) interest in that certain [ ] civil
aircraft bearing United States Registration Number [ ] and manufacturer’s serial number [ ] (the “Aircraft”);
WHEREAS, pursuant to a Fractional Ownership Program Management Services Agreement, dated March 18, 2011 (the “ Management
Agreement ”), between Company and NetJets Aviation, Inc. (the “Manager”), Company employs a management company to manage and
maintain the Aircraft with a fully qualified crew;
WHEREAS, the Aircraft is subject to a Master Dry-Lease Aircraft Exchange Agreement, dated March 18, 2011 (the “ Exchange
Agreement ”), among the Company, NetJets Services, Inc. and certain other owners of aircraft;
WHEREAS, pursuant to the Exchange Agreement and Management Agreement, the Manager has the option of providing the Aircraft, or a
similar aircraft, to be operated by Company consistent with the terms and conditions of the Exchange Agreement and Management Agreement;
and the term “Aircraft,” when used herein, shall include the Aircraft or any aircraft made available by Manager to Company under the Exchange
Agreement and Management Agreement;
WHEREAS, Timesharee desires to lease the Aircraft from Company from time to time on a time-sharing basis as defined in Sections
91.501(b)(6), 91.501(c)(1) and 91.501(d) of the Federal Aviation Regulations (“FARs”);
WHEREAS, Company reserves the right to make the Aircraft available to Timesharee on terms other than those contained herein; and
WHEREAS, Section FAR 91.501(b)(10) authorizes fractional owners to enter into time sharing agreements authorized by Section 91.501
(b)(6).
NOW, THEREFORE, in consideration of the foregoing, and the other promises contained herein, the parties, intending to be legally bound
hereby, agree as follows:
1. Company agrees to lease the Aircraft to Timesharee on a non-exclusive basis from time to time as mutually agreed between the parties
pursuant to the provisions of FAR 91.501(c)(1) and to provide a fully qualified flight crew for all operations conducted under this Agreement.
This Agreement shall be effective on the date set forth above and shall remain in effect until terminated by either party upon ten (10) days prior
written notice to the other.
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