Exhibit 4.2


 


(31st Series U.S. Participants)


 


 


AGREEMENT CONCERNING


ALLOCATION OF THE STOCK ACQUISITION
RIGHTS 


OF SONY CORPORATION


FOR THE FISCAL YEAR 2015


 


 


SONY CORPORATION (hereinafter
referred to as the “Corporation”) and ___________________ (hereinafter referred to as the “Qualified Person”)
enter into this Agreement as follows in connection with the allocation of the stock acquisition rights (hereinafter referred to
as the “Options”) to be issued by the Corporation pursuant to the provisions of the terms and conditions of the Options
(hereinafter referred to as the “Terms and Conditions”) set forth in Exhibit 1 attached hereto and pursuant to the
special resolution adopted at the 98th Ordinary General Meeting of Shareholders held on June 23, 2015 and the resolution adopted
at the meeting of the Board of Directors held on October 29, 2015:


 


 


Article
1(Purpose and Administration)


The primary purpose
of allocating the Options to the Qualified Person is to give the Qualified Person an incentive to contribute towards the improvement
of the business performance of the Sony Group (the Corporation and its group companies) and thereby improve such business performance
by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation.
This Agreement and the Terms and Conditions shall be administered by the Corporation, and such representative corporate executive
officers or other persons as the Corporation may designate from time to time who represent the Corporation in respect of this Agreement,
the Terms and Conditions and the Options.


 


Article
2(Restrictions under the Terms and Conditions and this Agreement)


The Options shall
be subject to (1) the Terms and Conditions, which are attached to this Agreement as Exhibit 1, and (2) the conditions and restrictions
provided for in this Agreement. The Qualified Person agrees to be bound by the conditions and restrictions set forth in the Terms
and Conditions and this Agreement. Notwithstanding the provisions of the Terms and Conditions, the exercise of the Options is further
subject to such additional conditions as set forth herein. In particular, the exercise of the Options is subject to the restrictions
under Articles 5 and 7.


 


Article
3(Subscription for and Allocation of the Options)


The Qualified
Person hereby applies for the subscription for   Options issued in accordance with the Terms and Conditions, and pursuant
to this Agreement, the Corporation allocates such number of the Options to the Qualified Person in accordance with the following
terms on November 19, 2015 (hereinafter referred to as the “Allotment Date”).




    	 



    	 



    

		(1)	Number of the Options allocated to the Qualified Person:



(________
shares may be issued or transferred upon the exercise by the Qualified Person of all Options allocated to the Qualified Person
pursuant to this Agreement.)


		(2)	Class and number of shares to be issued or transferred upon exercise of each Option:



100 shares of common stock
of the Corporation


		(3)	Amount to be paid per share to be issued or transferred upon exercise of the Options (hereinafter
referred to as the “Exercise Price”) is initially as set forth in Exhibit 2 attached hereto.



		(4)	Period during which the Options may be exercised:



From and including November
19, 2016, to and including November 18, 2025 (hereinafter referred to as the “Term”). If the last day of such period
falls on a holiday of the Corporation, the immediately preceding business day shall be the last day of such period. However, exercise
of the Options is subject to the restrictions provided for in Article 5.


The number of
shares to be issued or transferred upon exercise of each Option and the Exercise Price may be adjusted pursuant to the provisions
of the Terms and Conditions.


 


Article
4 (Information on Corporation and its Shares)


		(1)	Trade name of the Corporation:



SONY CORPORATION


		(2)	Total number of shares authorized to be issued by the Corporation:



3,600,000,000 shares


		(3)	Number of shares constituting one (1) unit of shares:



			100 shares



		(4)	Transfer Agent



Mitsubishi UFJ Trust and
Banking Corporation


4-5, Marunouchi 1-chome,
Chiyoda-ku, Tokyo


(Business office)Mitsubishi
UFJ Trust and Banking Corporation


Corporate
Agency Division


4-5, Marunouchi
1-chome, Chiyoda-ku, Tokyo


		(5)	Application of the Act on Transfer of Bonds, Shares, etc.



The provisions of the Act
on Transfer of Bonds, Shares, etc. will apply to shares of common stock of Sony Corporation to be issued or transferred upon exercise
of each Option.




    	2 



    	 



    

Article
5(Vesting, Conditions for Exercise of the Options and Prohibition of Disposition)


		(1)	Vesting and exercise of the Options are further subject to the restrictions and conditions as set
forth in Exhibit 3 attached hereto.



		(2)	Except as provided in Article 7, the Options, whether vested or unvested, are nontransferable by
the Qualified Person.



		(3)	Exercise of the Options are further subject to any restriction on trading set forth under Sony
Corporation of America’s Policy Regarding Securities Trading or any other similar policy maintained by Sony group companies
(hereinafter referred to as the “Sony Group Companies”) and applicable to the Qualified Person, as in effect from time
to time.



		(4)	Exercise of the Options may be restricted for limited periods of time as deemed reasonably necessary
by Sony Corporation to ensure proper administration (including but not limited to restrictions on exercise at or around the end
of each fiscal quarter) and as communicated to the applicable Qualified Person.



		(5)	In no circumstances shall any Qualified Person request the Corporation to purchase the Options
held by him/her.



 


Article
6(Procedures for Exercising the Options)


Procedures for
exercising the Options shall be provided for in the Terms and Conditions, and in addition, detailed matters concerning such procedures
shall be provided for in a separate document to be separately provided and delivered by the Corporation or one of its subsidiaries
to the Qualified Person no later than the date on which the Options held by the Qualified Person first become exercisable pursuant
to Article 5.


 


Article
7(Inheritance of the Options)


Upon the death
of the Qualified Person, outstanding Options that are vested and exercisable and granted to such Qualified Person may be exercised
only by the executors or administrators of the Qualified Person’s estate or by any person or persons who shall have acquired
such right to exercise by will or by the laws of descent and distribution, provided that no transfer by will or the laws of descent
and distribution of any Option, or the right to exercise any Option, shall be effective to bind the Corporation unless the Corporation
shall have been furnished with (a) a written notice thereof and a copy of the will and/or such evidence as the Corporation may
deem necessary to establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms and
conditions of the Options that are or would have been applicable to the Qualified Person (other than any terms and conditions relating
to employment with the Corporation or one of its subsidiaries) and to be bound by the acknowledgements made by the Qualified Person
in connection with the grant of the Options. Options that are not vested and exercisable at the death of the Qualified Person will
terminate.




    	3 



    	 



    

Article
8(Issuance of ADRs)


The Corporation
currently maintains an American Depositary Receipt program in the United States pursuant to which American Depositary Receipts
or “ADRs” represent shares of common stock of the Corporation. During the time the Corporation maintains an American
Depositary Receipt program in the United States, the Qualified Persons who exercise the Options will generally receive ADRs in
lieu of shares of common stock of the Corporation as follows. Upon exercise of an Option, shares of common stock of the Corporation
acquired upon the exercise of such Option shall be issued in the name of the depositary or its nominee under the Sony American
Depositary Receipt Program for the benefit of the Qualified Person. Upon receipt of shares of common stock of the Corporation upon
the exercise of an Option, the depositary under the Sony American Depositary Receipt Program shall immediately and automatically
issue ADRs representing such shares of common stock of the Corporation in the name of the applicable Qualified Person and shall
deliver such ADRs to such Qualified Person (or to an account held for the benefit of such Qualified Person) as soon as practicable
following the effective date on which such issuance occurs. For simplicity, all references in this Agreement and the Terms and
Conditions to shares of common stock of the Corporation will be deemed to also refer to ADRs.


 


Article
9(Treatment in Events of Corporate Transaction)


1.In the event of any corporate
transaction excluding (a) a consolidation, amalgamation or merger in which the Corporation is not the continuing corporation, or
(b) share exchange (kabushiki-kokan) or share transfer (kabushiki-iten) pursuant to which the Corporation is to become
a wholly-owned subsidiary of another corporation involving the Corporation, including a dissolution or liquidation of the Corporation,
a sale of all or substantially all of the Corporation’s assets, a corporate split, or any other similar transaction, the
Corporation may (x) cause the entity resulting from such transaction to execute an agreement providing that a holder of the Options
shall have the right during the Term and upon the exercise of the Options to receive the class and amount of shares and other securities
and property receivable upon such transaction by a holder of the number of shares in respect of which the Options could have been
exercised immediately prior to such transaction or (y) prevent from being exercised, effective immediately upon the occurrence
of such transaction, each Option outstanding immediately prior to such transaction (whether or not then exercisable).


2.In the event that the Corporation
enters into a definitive agreement or makes a decision by board resolution or by shareholder approval at the shareholders’
meeting to effectuate one (1) or more of the transactions or events described in the immediately preceding Paragraph, the Corporation
may provide not less than twenty days advance notice to the Qualified Person from the consummation of such transaction or event
and give the Qualified Person the opportunity to exercise their Options (whether or not such Options are then vested or exercisable),
immediately prior to, and subject to, the consummation of such transaction or event.


 




    	4 



    	 



    

Article
10(Withholding by the Corporation)


In connection
with Item (2) of Condition 13 of the Terms and Conditions, the Corporation or its designee is authorized to withhold from any payment
relating to an Option or from any payroll or other payment to the Qualified Person, amounts of withholding and other taxes or fees
due in connection with the Option, and to take any other action to the extent permissible under applicable law as the Corporation
may deem advisable to enable the Corporation and the Qualified Person to satisfy obligations for the payment of withholding taxes,
other tax obligations and other costs and fees relating to the Options. This authority shall include, either on a mandatory or
elective basis in the discretion of the Corporation, authority (a) to withhold or receive shares of common stock of the Corporation
or other property and (b) to make cash payments in respect thereof in satisfaction of the Qualified Person’s tax obligations
and other costs and fees relating to the Options.


 


Article
11(Condition Subsequent)


This Agreement
shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position
of director, corporate executive officer, or employee of the Corporation or of the Sony Group Companies on the Allotment Date.


 


Article
12(Compliance with the Applicable Securities Law, Etc.)


The Qualified
Person shall, in selling the shares of common stock of the Corporation acquired upon exercise of the Options, confirm in advance
with the Corporation that such proposed sale is permissible under any and all applicable policies, programs, arrangements or other
provisions relating to insider trading maintained by the Corporation or any of its subsidiaries and shall comply with any and all
applicable laws and regulations, including but not limited to U.S. and Japanese laws.


 


Article
13(Amendment to this Agreement and Treatment of Matters Not Provided for in this Agreement)


1.Except as otherwise provided
in this Agreement (including any Exhibit to this Agreement), this Agreement (including any Exhibit to this Agreement) cannot be
modified or amended in any manner except by a further agreement expressly stating the intention to modify this Agreement and which
is signed by both parties to this Agreement.


2.Notwithstanding the immediately
preceding Paragraph, if it is found out that this Agreement is not in compliance with the Companies Act, the Financial Instruments
and Exchange Act, the Income Tax Act, the Corporation Tax Act or any other related laws or regulations of Japan or any applicable
laws of any other jurisdiction, or if this Agreement becomes not in compliance therewith as a result of amendments thereto which
become effective after the conclusion of this Agreement, the Corporation may, without the consent of the Qualified Person, with
notice to the Qualified Person, adequately establish, amend or eliminate the subject provisions.




    	5 



    	 



    

3.With respect to matters not
provided for in this Agreement or documents provided under Article 6 of this Agreement, such matters shall be determined by consultation
in good faith between the Corporation and the Qualified Person. In the event that the Qualified Person rejects such consultation,
or in the event that such consultation fails to bring an agreement, such matters shall be decided by the Corporation and such representative
corporate executive officers or other persons as the Corporation may designate from time to time to represent the Corporation in
respect of the Terms and Conditions, the Options and this Agreement. Decisions of the Corporation or such representative corporate
executive officers or other persons as the Corporation may designate from time to time to represent the Corporation in respect
of the Terms and Conditions, the Options and this Agreement shall be final and binding on all parties. None of the Corporation
or such representative corporate executive officers or other persons as the Corporation may designate from time to time to represent
the Corporation in respect of the Terms and Conditions, the Options or this Agreement shall be liable to any Qualified Person for
any action, omission or determination relating to the Terms and Conditions, the Options or this Agreement.


 


Article
14(Manner of Notice)


Notices by the
Corporation to the Qualified Person under the Terms and Conditions and this Agreement shall be made in any of the following manners:


		(1)	delivering (including mailing) a written notice to the address of the Qualified Person set forth
in the register of the Options;



		(2)	sending documents to the Qualified Person at his/her department in the Corporation (including any
Sony Group Company) or sending electronic data to the e-mail address of the Qualified Person at the Corporation (including any
Sony Group Company); or



		(3)	giving notice on the web site of the Corporation (including any Sony Group Company) or its duly
authorized designee.



 


Article
15(Construction)


Nothing herein
shall be construed to give the Qualified Person any right or entitlement to receive options to purchase common stock of the Corporation
in the future from the Corporation or any of its subsidiaries. Nothing contained herein shall confer upon the Qualified Person
any right to continue in the employment of the Corporation or any of its subsidiaries or constitute any contract or agreement of
employment or interfere in any way with the right of the Corporation or its subsidiaries to reduce or modify a Qualified Person’s
compensation in existence at the time of the granting of any Option or otherwise, or to terminate a Qualified Person’s employment
or change the Qualified Person’s position or the terms of employment with or without cause. Nothing contained herein shall
prevent the Corporation from, and the Corporation expressly reserves the right to, modify the terms and conditions of options to
purchase common stock of the Corporation, if any, that are or may be granted in the future.


 




    	6 



    	 



    

Article
16(Governing Law and Jurisdiction)


This Agreement
shall be governed by and construed in accordance with the laws of Japan. The Tokyo District Court shall have the exclusive jurisdiction
for settling any and all disputes that arise under or in connection with this Agreement.




    	7 



    	 



    

IN WITNESS WHEREOF, this Agreement
and the grant of the Options provided for herein shall be effective as of the date that either: (i) two (2) originals of this Agreement
have been prepared and executed by seal impressions or signatures by the Corporation and the Qualified Person, each party retaining
one (1) original or (ii) the Qualified Person has accepted the grant of Options via electronic means, in accordance with procedures
specified by the Corporation (including any Sony Group Company) for such purpose, by providing a valid electronic signature.


 


 


 


SONY CORPORATION


7-1, Konan 1-chome, Minato-ku,
Tokyo


 


 


 


By:     _____________________________


Kazuo Hirai


President and Chief Executive
Officer,


Representative Corporate Executive
Officer


Date: November 18, 2015


 


 


QUALIFIED PERSON


 


 


By:     _____________________________ 


Name:


 


Address:


Date: November 18, 2015


 


 


 





 






    	8 



    	 



    

 
(31st Series Non-US Participants)


 


 


AGREEMENT CONCERNING


ALLOCATION OF THE STOCK ACQUISITION
RIGHTS 


OF SONY CORPORATION


FOR THE FISCAL YEAR 2015


 


 


SONY CORPORATION (hereinafter
referred to as the “Corporation”) and ___________________ (hereinafter referred to as the “Qualified Person”)
enter into this Agreement as follows in connection with the allocation of the stock acquisition rights (hereinafter referred to
as the “Options”) to be issued by the Corporation pursuant to the provisions of the terms and conditions of the Options
(hereinafter referred to as the “Terms and Conditions”) set forth in Exhibit 1 attached hereto and pursuant to the
special resolution adopted at the 98th Ordinary General Meeting of Shareholders held on June 23, 2015 and the resolution adopted
at the meeting of the Board of Directors held on October 29, 2015:


 


 


Article
1(Purpose and Administration)


The primary purpose
of allocating the Options to the Qualified Person is to give the Qualified Person an incentive to contribute towards the improvement
of the business performance of the Sony Group (the Corporation and its group companies) and thereby improve such business performance
by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation.
This Agreement and the Terms and Conditions shall be administered by the Corporation, and such representative corporate executive
officers or other persons as the Corporation may designate from time to time who represent the Corporation in respect of this Agreement,
the Terms and Conditions and the Options.


 


Article
2(Restrictions under the Terms and Conditions and this Agreement)


The Options shall
be subject to (1) the Terms and Conditions, which are attached to this Agreement as Exhibit 1, and (2) the conditions and restrictions
provided for in this Agreement. The Qualified Person agrees to be bound by the conditions and restrictions set forth in the Terms
and Conditions and this Agreement. Notwithstanding the provisions of the Terms and Conditions, the exercise of the Options is further
subject to such additional conditions as set forth herein. In particular, the exercise of the Options is subject to the restrictions
under Articles 5 and 7.


 


Article
3(Subscription for and Allocation of the Options)


The Qualified
Person hereby applies for the subscription for   Options issued in accordance with the Terms and Conditions, and pursuant
to this Agreement, the Corporation allocates such number of the Options to the Qualified Person in accordance with the following
terms on November 19, 2015 (hereinafter referred to as the “Allotment Date”).




    	 



    	 



    

		(1)	Number of the Options allocated to the Qualified Person:



(________
shares may be issued or transferred upon the exercise by the Qualified Person of all Options allocated to the Qualified Person
pursuant to this Agreement.)


		(2)	Class and number of shares to be issued or transferred upon exercise of each Option:



100 shares of common stock
of the Corporation


		(3)	Amount to be paid per share to be issued or transferred upon exercise of the Options (hereinafter
referred to as the “Exercise Price”) is initially as set forth in Exhibit 2 attached hereto.



		(4)	Period during which the Options may be exercised:



From and including November
19, 2016, to and including November 18, 2025 (hereinafter referred to as the “Term”). If the last day of such period
falls on a holiday of the Corporation, the immediately preceding business day shall be the last day of such period. However, exercise
of the Options is subject to the restrictions provided for in Article 5.


The number of
shares to be issued or transferred upon exercise of each Option and the Exercise Price may be adjusted pursuant to the provisions
of the Terms and Conditions.


 


Article
4 (Information on Corporation and its Shares)


		(1)	Trade name of the Corporation:



SONY CORPORATION


		(2)	Total number of shares authorized to be issued by the Corporation:



3,600,000,000 shares


		(3)	Number of shares constituting one (1) unit of shares:



			100 shares



		(4)	Transfer Agent



Mitsubishi UFJ Trust and
Banking Corporation


4-5, Marunouchi 1-chome,
Chiyoda-ku, Tokyo


(Business office)Mitsubishi
UFJ Trust and Banking Corporation


Corporate
Agency Division


4-5, Marunouchi
1-chome, Chiyoda-ku, Tokyo


		(5)	Application of the Act on Transfer of Bonds, Shares, etc.



The provisions of the Act on
Transfer of Bonds, Shares, etc. will apply to shares of common stock of Sony Corporation to be issued or transferred upon exercise
of each Option.


 




    	2 



    	 



    

Article
5(Vesting, Conditions for Exercise of the Options and Prohibition of Disposition)


		(1)	Vesting and exercise of the Options are further subject to the restrictions as set forth in Exhibit
3 attached hereto.



		(2)	Except as provided in Article 7, the Options, whether vested or unvested, are nontransferable by
the Qualified Person.



		(3)	Exercise of the Options are further subject to any restriction on trading set forth under Sony
Corporation of America’s Policy Regarding Securities Trading or any other similar policy maintained by Sony group companies
(hereinafter referred to as the “Sony Group Companies”) and applicable to the Qualified Person, as in effect from time
to time.



		(4)	Exercise of the Options may be restricted for limited periods of time as deemed reasonably necessary
by Sony Corporation to ensure proper administration (including but not limited to restrictions on exercise at or around the end
of each fiscal quarter) and as communicated to the applicable Qualified Person.



		(5)	In no circumstances shall any Qualified Person request the Corporation to purchase the Options
held by him/her.



 


Article
6(Procedures for Exercising the Options)


Procedures for
exercising the Options shall be provided for in the Terms and Conditions, and in addition, detailed matters concerning such procedures
shall be provided for in a separate document to be separately provided and delivered by the Corporation or one of its subsidiaries
to the Qualified Person no later than the date on which the Options held by the Qualified Person first become exercisable pursuant
to Article 5.


 


Article
7(Inheritance of the Options)


Upon the death
of the Qualified Person, outstanding Options that are vested and exercisable and granted to such Qualified Person may be exercised
only by the executors or administrators of the Qualified Person’s estate or by any person or persons who shall have acquired
such right to exercise by will or by the laws of descent and distribution, provided that no transfer by will or the laws of descent
and distribution of any Option, or the right to exercise any Option, shall be effective to bind the Corporation unless the Corporation
shall have been furnished with (a) a written notice thereof and a copy of the will and/or such evidence as the Corporation may
deem necessary to establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms and
conditions of the Options that are or would have been applicable to the Qualified Person (other than any terms and conditions relating
to employment with the Corporation or one of its subsidiaries) and to be bound by the acknowledgements made by the Qualified Person
in connection with the grant of the Options. Options that are not vested and exercisable at the death of the Qualified Person will
terminate.


 




    	3 



    	 



    

Article
8(Issuance of ADRs)


The Corporation
currently maintains an American Depositary Receipt program in the United States pursuant to which American Depositary Receipts
or “ADRs” represent shares of common stock of the Corporation. During the time the Corporation maintains an American
Depositary Receipt program in the United States, the Qualified Persons who exercise the Options will generally receive ADRs in
lieu of shares of common stock of the Corporation as follows. Upon exercise of an Option, shares of common stock of the Corporation
acquired upon the exercise of such Option shall be issued in the name of the depositary or its nominee under the Sony American
Depositary Receipt Program for the benefit of the Qualified Person. Upon receipt of shares of common stock of the Corporation upon
the exercise of an Option, the depositary under the Sony American Depositary Receipt Program shall immediately and automatically
issue ADRs representing such shares of common stock of the Corporation in the name of the applicable Qualified Person and shall
deliver such ADRs to such Qualified Person (or to an account held for the benefit of such Qualified Person) as soon as practicable
following the effective date on which such issuance occurs. For simplicity, all references in this Agreement and the Terms and
Conditions to shares of common stock of the Corporation will be deemed to also refer to ADRs.


 


Article
9(Treatment in Events of Corporate Transaction)


1.In the event of any corporate
transaction excluding (a) a consolidation, amalgamation or merger in which the Corporation is not the continuing corporation, or
(b) share exchange (kabushiki-kokan) or share transfer (kabushiki-iten) pursuant to which the Corporation is to become
a wholly-owned subsidiary of another corporation involving the Corporation, including a dissolution or liquidation of the Corporation,
a sale of all or substantially all of the Corporation’s assets, a corporate split, or any other similar transaction, the
Corporation may (x) cause the entity resulting from such transaction to execute an agreement providing that a holder of the Options
shall have the right during the Term and upon the exercise of the Options to receive the class and amount of shares and other securities
and property receivable upon such transaction by a holder of the number of shares in respect of which the Options could have been
exercised immediately prior to such transaction or (y) prevent from being exercised, effective immediately upon the occurrence
of such transaction, each Option outstanding immediately prior to such transaction (whether or not then exercisable).


2.In the event that the Corporation
enters into a definitive agreement or makes a decision by board resolution or by shareholder approval at the shareholders’
meeting to effectuate one (1) or more of the transactions or events described in the immediately preceding Paragraph, the Corporation
may provide not less than twenty days advance notice to the Qualified Person from the consummation of such transaction or event
and give the Qualified Person the opportunity to exercise their Options (whether or not such Options are then vested or exercisable),
immediately prior to, and subject to, the consummation of such transaction or event.


 


Article
10(Withholding by the Corporation)


In connection
with Item (2) of Condition 13 of the Terms and Conditions, the Corporation or its designee is authorized to withhold from any payment
relating to an Option or from any




    	4 



    	 



    

payroll or other payment to the
Qualified Person, amounts of withholding and other taxes or fees due in connection with the Option, and to take any other action
to the extent permissible under applicable law as the Corporation may deem advisable to enable the Corporation and the Qualified
Person to satisfy obligations for the payment of withholding taxes, other tax obligations and other costs and fees relating to
the Options. This authority shall include, either on a mandatory or elective basis in the discretion of the Corporation, authority
(a) to withhold or receive shares of common stock of the Corporation or other property and (b) to make cash payments in respect
thereof in satisfaction of the Qualified Person’s tax obligations and other costs and fees relating to the Options.


 


Article
11(Condition Subsequent)


This Agreement
shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position
of director, corporate executive officer, or employee of the Corporation or of the Sony Group Companies on the Allotment Date.


 


Article
12(Compliance with the Applicable Securities Law, Etc.)


The Qualified
Person shall, in selling the shares of common stock of the Corporation acquired upon exercise of the Options, confirm in advance
with the Corporation that such proposed sale is permissible under any and all applicable policies, programs, arrangements or other
provisions relating to insider trading maintained by the Corporation or any of its subsidiaries and shall comply with any and all
applicable laws and regulations, including but not limited to U.S. and Japanese laws.


 


Article
13(Representations, Warranties, Covenants and Confirmations)


The Qualified
Person shall represent, warrant, covenant and confirm the matters set forth in Exhibit 4 attached hereto for the benefit of the
Corporation.


 


Article
14(Amendment to this Agreement and Treatment of Matters Not Provided for in this Agreement)


1.Except as otherwise provided
in this Agreement (including any Exhibit to this Agreement), this Agreement (including any Exhibit to this Agreement) cannot be
modified or amended in any manner except by a further agreement expressly stating the intention to modify this Agreement and which
is signed by both parties to this Agreement.


2.Notwithstanding the immediately
preceding Paragraph, if it is found out that this Agreement is not in compliance with the Companies Act, the Financial Instruments
and Exchange Act, the Income Tax Act, the Corporation Tax Act or any other related laws or regulations of Japan or any applicable
laws of any other jurisdiction, or if this Agreement becomes not in compliance therewith as a result of amendments thereto which
become effective after the conclusion of this Agreement, the Corporation may, without the consent of the Qualified Person, with
notice to the Qualified Person, adequately establish, amend or eliminate the subject provisions.




    	5 



    	 



    

3.With respect to matters not
provided for in this Agreement or documents provided under Article 6 of this Agreement, such matters shall be determined by consultation
in good faith between the Corporation and the Qualified Person. In the event that the Qualified Person rejects such consultation,
or in the event that such consultation fails to bring an agreement, such matters shall be decided by the Corporation and such representative
corporate executive officers or other persons as the Corporation may designate from time to time to represent the Corporation in
respect of the Terms and Conditions, the Options and this Agreement. Decisions of the Corporation or such representative corporate
executive officers or other persons as the Corporation may designate from time to time to represent the Corporation in respect
of the Terms and Conditions, the Options and this Agreement shall be final and binding on all parties. None of the Corporation
or such representative corporate executive officers or other persons as the Corporation may designate from time to time to represent
the Corporation in respect of the Terms and Conditions, the Options or this Agreement shall be liable to any Qualified Person for
any action, omission or determination relating to the Terms and Conditions, the Options or this Agreement.


 


Article
15(Manner of Notice)


Notices by the
Corporation to the Qualified Person under the Terms and Conditions and this Agreement shall be made in any of the following manners:


		(1)	delivering (including mailing) a written notice to the address of the Qualified Person set forth
in the register of the Options;



		(2)	sending documents to the Qualified Person at his/her department in the Corporation (including any
Sony Group Company) or sending electronic data to the e-mail address of the Qualified Person at the Corporation (including any
Sony Group Company); or



		(3)	giving notice on the web site of the Corporation (including any Sony Group Company) or its duly
authorized designee.



 


Article
16(Construction)


Nothing herein
shall be construed to give the Qualified Person any right or entitlement to receive options to purchase common stock of the Corporation
in the future from the Corporation or any of its subsidiaries. Nothing contained herein shall confer upon the Qualified Person
any right to continue in the employment of the Corporation or any of its subsidiaries or constitute any contract or agreement of
employment or interfere in any way with the right of the Corporation or its subsidiaries to reduce or modify a Qualified Person’s
compensation in existence at the time of the granting of any Option or otherwise, or to terminate a Qualified Person’s employment
or change the Qualified Person’s position or the terms of employment with or without cause. Nothing contained herein shall
prevent the Corporation from, and the Corporation expressly reserves the right to, modify the terms and conditions of options to
purchase common stock of the Corporation, if any, that are or may be granted in the future.


 




    	6 



    	 



    

Article
17(Governing Law and Jurisdiction)


This Agreement
shall be governed by and construed in accordance with the laws of Japan. The Tokyo District Court shall have the exclusive jurisdiction
for settling any and all disputes that arise under or in connection with this Agreement.




    	7 



    	 



    

IN WITNESS WHEREOF, this Agreement
and the grant of the Options provided for herein shall be effective as of the date that either: (i) two (2) originals of this Agreement
have been prepared and executed by seal impressions or signatures by the Corporation and the Qualified Person, each party retaining
one (1) original or (ii) the Qualified Person has accepted the grant of Options via electronic means, in accordance with procedures
specified by the Corporation (including any Sony Group Company) for such purpose, by providing a valid electronic signature.


 


 


 


SONY CORPORATION


7-1, Konan 1-chome, Minato-ku,
Tokyo


 


 


 


By:    _____________________________ 


Kazuo Hirai


President and Chief Executive
Officer,


Representative Corporate Executive
Officer


Date: November 18, 2015


 


 


QUALIFIED PERSON


 


 


By:    _____________________________ 


Name:


 


Address:


Date: November 18, 2015


 



    	8 



    	 



    


Exhibit
                                         1


 


 


TERMS AND CONDITIONS OF THE THIRTY FIRST
SERIES OF


STOCK ACQUISITION RIGHTS


FOR SHARES OF COMMON STOCK OF SONY CORPORATION


 


 


These terms and conditions
of the stock acquisition rights shall apply to the Thirty First Series of Stock Acquisition Rights for Shares of Common Stock (hereinafter
referred to as the “Options”) of Sony Corporation (hereinafter referred to as the “Corporation”) issued
on November 19, 2015 by the Corporation in accordance with the special resolution adopted at the 98th Ordinary General Meeting
of Shareholders held on June 23, 2015 and the resolution adopted at the meeting of the Board of Directors held on October 29, 2015:


 


		1.	Aggregate Number of Options



 


11,455


 


		2.	Class and Number of Shares to be Issued or Transferred upon Exercise of Options



 


The class of shares to be issued
or transferred upon exercise of the Options shall be shares of common stock, and the number of shares to be issued or transferred
upon exercise of each Option (hereinafter referred to as the “Number of Granted Shares”) shall be 100 shares.


 


The aggregate number of shares
to be issued or transferred upon exercise of the Options shall be 1,145,500 shares of common stock of the Corporation (hereinafter
referred to as the “Common Stock”). However, in the event that the Number of Granted Shares is adjusted pursuant to
Condition 3 below, the aggregate number of shares to be issued or transferred upon exercise of the Options shall be adjusted to
the number obtained by multiplying the Number of Granted Shares after adjustment by the aggregate number of the Options as prescribed
in Condition 1 above.


 


		3.	Adjustment of Number of Granted Shares



 


		(1)	In the event that the Corporation conducts a stock split (including free distribution of shares
(musho-wariate)) or consolidation of the Common Stock, the Number of Granted Shares shall be adjusted in accordance with
the following formula:



 


	Number of Granted Shares after adjustment	=	Number of Granted Shares before adjustment	x	Ratio of split or consolidation



 


		(2)	An adjustment to the Number of Granted Shares under the immediately preceding Item shall be made
only with respect to the Number of Granted Shares for the Options which have not been exercised at the time of the adjustment.
Any fraction less than one (1) share resulting from the adjustment shall be disregarded.



 


		(3)	The effective date of the Number of Granted Shares after adjustment shall be the same day as the
date on which the Exercise Price after adjustment becomes effective as provided for in Item (2) of Condition 7 with regard to the
adjustment of the Exercise Price pursuant to Condition 7 for the same reason as the adjustment of the Number of Granted Shares.



 


		(4)	When the Number of Granted Shares is adjusted, the Corporation shall give notice of necessary matters
to each holder of the Options registered in the register of Options, no later than the day immediately preceding the effective
date of the Number of Granted Shares after adjustment; provided, however, that if the Corporation is unable to give such notice
no later than the day immediately preceding such effective date, the Corporation shall promptly give such notice on or after such
effective date.



 


		4.	Payment in exchange for Options



 


The Options are issued without
payment of any consideration to the Corporation.




    	 



    	 



    

		5.	Allotment Date of Options



 


November 19, 2015 (hereinafter
referred to as the “Allotment Date”)


 


		6.	Amount of Assets to be Contributed upon Exercise of Options



 


The amount of assets to be contributed
upon exercise of the Options shall be the amount obtained by multiplying the amount to be paid per share to be issued or transferred
upon exercise of the Options (hereinafter referred to as the “Exercise Price”) by the Number of Granted Shares. The
Exercise Price is initially as set forth in Exhibit 2 attached to the Agreement concerning Allocation of the Stock Acquisition
Rights of Sony Corporation for the Fiscal Year 2015 dated November 18, 2015.


 


		7.	Adjustment of Exercise Price



 


		(1)	In the event that the Corporation conducts a stock split (including free distribution of shares
(musho-wariate)) or consolidation of the Common Stock after the Allotment Date of the Options, the Exercise Price shall
be adjusted in accordance with the following formula, and any fraction less than one (1) cent resulting from the adjustment shall
be rounded up to the nearest one (1) cent:



 


	Exercise Price after adjustment	=	Exercise Price before adjustment	x	1
	Ratio of split or consolidation



 


		(2)	In the case that the Exercise Price is adjusted pursuant to the immediately preceding Item, the
effective date of the Exercise Price after adjustment shall be as set forth below:



 


The Exercise Price after adjustment
shall become effective, in the case of a stock split, on and after the day immediately following the record date for such stock
split, and in the case of a stock consolidation, on and after the effective date thereof.


 


 


		(3)	In addition to the cases in Item (1) of this Condition where the Exercise Price is required to
be adjusted, the Exercise Price shall be adjusted in a manner deemed to be appropriate by the Corporation in the following cases.



 


		(i)	When the Exercise Price is required to be adjusted due to a merger, corporate split (split by new
incorporation or by absorption) or reduction of the amount of capital of the Corporation.



 


		(ii)	In addition to Item (i) above, when the Exercise Price is required to be adjusted due to the occurrence
of an event that causes or may cause a change in the total number of the issued Common Stock.



 


		(4)	When the Exercise Price is adjusted, the Corporation shall give notice of necessary matters to
each holder of the Options registered in the register of Options, no later than the day immediately preceding the effective date
of the Exercise Price after adjustment; provided, however, that if the Corporation is unable to give such notice no later than
the day immediately preceding such effective date, the Corporation shall promptly give such notice on or after such effective date.



 


		8.	Period during which Options May be Exercised



 


From and including November 19,
2016, up to and including November 18, 2025. If the last day of such period falls on a holiday of the Corporation, the immediately
preceding business day shall be the last day of such period.


 


		9.	Conditions for Exercise of Options



 


		(1)	No Option may be exercised in part.



 


		(2)	In the event of a resolution being passed at a general meeting of shareholders of the Corporation
for an agreement for any consolidation, amalgamation or merger (other than a consolidation, amalgamation or merger in which the
Corporation is the continuing corporation), or in the event of a





    	2 



    	 



    

resolution being passed at a general
meeting of shareholders of the Corporation (or, where a resolution of a general meeting of shareholders is not necessary, at a
meeting of the Board of Directors of the Corporation) for any agreement for share exchange (kabushiki-kokan) or any plan
for share transfer (kabushiki-iten) pursuant to which the Corporation is to become a wholly-owned subsidiary of another
corporation, the Options may not be exercised on and after the effective date of such consolidation, amalgamation or merger, such
share exchange (kabushiki-kokan), or such share transfer (kabushiki-iten).


 


		10.	Restrictions under the U.S. Securities Act and Other Matters



 


The Corporation shall not be obligated
to effect the registration pursuant to the U.S. Securities Act of 1933, as amended, of any Common Stock to be issued or transferred
upon exercise of the Options or to effect similar compliance under any state laws. Notwithstanding anything herein to the contrary,
the Corporation shall not be obligated to issue or cause to be issued or delivered any Common Stock pursuant to these terms and
conditions unless and until the Corporation is advised by its legal counsel that the issuance and delivery of such Common Stock
is in compliance with all applicable laws, regulations of governmental authorities and the requirements of any securities exchange
on which the Common Stock is traded. The Corporation may require, as a condition to the issuance and transfer of the Common Stock
pursuant to these terms and conditions, that the recipient of such Common Stock make such covenants, agreements and representations,
and that records and any other documentation of such Common Stock bear such legends, as the Corporation deems necessary or desirable.


 


The exercise of any Option granted
hereunder shall only become effective at such time as counsel to the Corporation shall have determined that the issuance and transfer
of the Common Stock pursuant to such exercise is in compliance with all applicable laws, regulations of governmental authorities
and the requirements of any securities exchange on which the Common Stock is traded. The Corporation may, in its sole discretion,
defer the effectiveness of the exercise of an Option granted hereunder to allow the issuance and transfer of the Common Stock upon
such exercise to be made pursuant to registration or an exemption from registration or other methods for compliance available under
federal or state securities laws. The Corporation shall inform the holder of such Option in writing of the decision to defer the
effectiveness of the exercise of such Option granted hereunder. During the period that the effectiveness of the exercise of an
Option has been deferred, the holder of such Option may, by a written notice, withdraw such exercise and obtain the refund of any
amounts paid in connection with such exercise.


 


		11.	Mandatory Repurchase of Options



 


Not applicable.


 


		12.	Restrictions on Acquisition of Options through Transfer



 


The Options cannot be acquired
through transfer (other than any transfer of Options that are vested and exercisable upon the death of a holder of the Options
to such holder’s estate or beneficiaries), unless such acquisition is expressly approved by the Board of Directors of the
Corporation.


 


		13.	Application for Exercise of Options and Manner of Payment



 


		(1)	In the case of exercise of the Options, the holder of the Options shall exercise the Options by
submitting an exercise request together with the information required by the Corporation either electronically or telephonically
through the process designated by the Corporation from time to time.



 


		(2)	With completion of the process for Exercise of the Options as provided in (1) above, the entire
amount of the Exercise Price to be paid in upon exercise of the Options, including any applicable taxes and all other costs or
fees associated with the exercise (hereinafter referred to as the “Amount of Payment”) shall be paid in cash to an
account designated by the Corporation at the payment handling place provided for in Condition 15 at or before the date and time
designated by the Corporation. The entitlement of a holder of the Options to the receipt of the Common Stock upon exercise of an
Option is subject to the payment in full of any federal, state, local and foreign taxes of any kind required to be withheld with
respect to the exercise of such Option, as well as the payment in full of any costs or fees (such as brokerage fees) associated
with the exercise of such Option.



 




    	3 



    	 



    

		(3)	Except as provided for in Condition 10, any holder of the Options who has completed the process
as provided in (1) above, may not cancel such exercise thereafter.



 


		14.	Place where Applications for Exercise of Options are Made



 


Sony Corporation of America, Human
Resources, or its duly authorized designee


 


15.Payment
Handling Place on Exercise of Options


 


Sumitomo Mitsui Banking Corporation,
Head Office (or any successor bank of such bank from time to time and/or any successor office of such office)


 


		16.	Effective Date and Time of Exercise of Options



 


Except as provided
for in Condition 10, the exercise of the Options shall become effective when the holder of the Options has duly completed the process
set forth in Items (1) and (2) of Condition 13 and the Corporation or its designee has accepted the exercise.


 


		17.	Matters concerning the Amount of Capital and the Additional Paid-in Capital Increased by the Issuance
of Shares upon Exercise of Options



 


		(1)	The amount of capital increased by the issuance of shares upon exercise of the Options shall be
the amount obtained by multiplying the maximum limit of capital increase, as calculated in accordance with the provisions of Paragraph
1, Article 17 of the Company Accounting Ordinance of Japan, by 0.5, and any fraction less than one (1) yen arising as a result
of such calculation shall be rounded up to the nearest one (1) yen.



 


		(2)	The amount of additional paid-in capital increased by the issuance of shares upon exercise of the
Options shall be the amount obtained by deducting the capital to be increased, as provided in (1) above, from the maximum limit
of capital increase, as also provided in (1) above.



 


		18.	Handling of Matters Relating to Abolition of Unit Share System



 


In the case that the Corporation
abolishes the unit share system after the Allotment Date of the Options, the Corporation may take necessary measures for handling
the related matters thereto in a manner deemed as appropriate by the Corporation in accordance with the provisions of the Companies
Act of Japan and consistent with these terms and conditions.


 


		19.	Handling of Matters Relating to Amendments to Companies Act, and other Laws and Regulations



 


In the case that provisions of
the Companies Act of Japan and/or other Japanese laws and regulations relating to the shares or the stock acquisition rights are
amended after the Allotment Date of the Options, the Corporation may take necessary measures for handling the matters relating
thereto in a manner deemed as appropriate by the Corporation in accordance with the provisions of the Companies Act of Japan and/or
other Japanese laws and regulations then in effect and consistent with these terms and conditions.



    	4 



    	 



    



Exhibit 2


 


EXERCISE PRICE


 


Amount to be paid
per share to be issued or transferred upon exercise of the Options (hereinafter referred to as the “Exercise Price”)
is initially US$ 27.51.


Provided, however,
that if the U.S. dollar amount obtained by dividing the closing price of shares of common stock of the Corporation in the regular
trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date
(as defined in Article 3 of the Agreement concerning Allocation of the Stock Acquisition Rights of Sony Corporation for the Fiscal
Year 2015 dated November 18, 2015) (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading
day) by the average of the exchange rate quotations by a leading commercial bank in Tokyo for selling spot U.S. dollars by telegraphic
transfer against yen for ten (10) consecutive trading days (excluding days on which there is no Closing Price) immediately prior
to the Allotment Date (hereinafter referred to as the “Reference Exchange Rate”) (any fraction less than one (1) cent
arising as a result of such calculation shall be rounded up to the nearest one (1) cent) is higher than US$ 27.51, then the amount
equal to the U.S. dollar amount obtained by dividing the Closing Price on the Allotment Date by the Reference Exchange Rate (any
fraction less than one (1) cent arising as a result of such calculation shall be rounded up to the nearest one (1) cent) shall
be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person by
sending a notice (hereinafter referred to as the “Notice”) on or about November 19, 2015. The provisions with respect
to the initial Exercise Price in the Notice shall automatically supersede the provisions in this Exhibit 2.






    	 



    	 



    




Exhibit 3


 


VESTING AND EXERCISE CONDITIONS FOR NON-US PARTICIPANTS


 


Set forth below are
the provisions concerning the restrictions of vesting and exercise of the Options provided for in Item (1) of Article 5 of the
Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Corporation for the Fiscal Year 2015 (hereinafter referred
to as the “Agreement”). Unless otherwise provided for, the terms used in this Exhibit 3 shall have the same meaning
as used in the Agreement.


 


Article 1
(Restrictions on and Conditions for Exercise of the Options and Prohibition of Disposition)


 


		(1)	Notwithstanding Item (4) of Article 3 of the Agreement, the Options
shall be vested and become exercisable in three approximately equal annual installments beginning on the first anniversary of the
date of the grant.



		(2)	In case that the Qualified Person forfeits either status as a director,
corporate executive officer or employee of the Corporation or of the Sony Group Companies by falling under any of the following
items, the exercise of the Options shall be subject to the restrictions provided for in such following item; provided, however,
that in no case may any Options be exercised after the period provided for in Item (4) of Article 3 of the Agreement.



		(i)	If the Qualified Person is subject to punitive dismissal or resignation
under instruction pursuant to the rules of employment of the Corporation or of the Sony Group Companies or removed from office:



The Qualified Person may not exercise
the Options on and after the day on which he/she forfeits the status as a director, corporate executive officer or employee of
the Corporation or of the Sony Group Companies (hereinafter referred to as the “Status Forfeit Date”);


		(ii)	If the Qualified Person ceases to be a director, corporate executive
officer or employee of the Corporation or of the Sony Group Companies due to his/her death:



Subject to the provision of Article
7 of the Agreement, the heir of the Qualified Person may exercise the Options which are exercisable pursuant to Item (1) of this
Article as of the Status Forfeit Date (hereinafter referred to as the “Exercisable Options”) until and including the
last day of the one (1) year period commencing on the date immediately following the Status Forfeit Date (if the last day of this
one (1) year period falls on a holiday of the Corporation, the immediately preceding business day shall be the last day of such
period), but may not exercise the Options which are not exercisable pursuant to Item (1) of this Article as of the Status Forfeit
Date (hereinafter referred to as the “Unexercisable Options”) on and after the Status Forfeit Date; provided, however,
that if the Corporation allows the heir of the Qualified Person to exercise the Unexercisable Options, all of the Unexercisable
Options shall become exercisable on the Status Forfeit Date (or the Commencement Date of Exercisable Period, if the Status Forfeit
Date falls on a day before the Commencement Date of Exercisable Period) and the heir of the Qualified Person may exercise the Unexercisable
Options until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
shall be the last day of such period), subject to the provision of Article 7 of the Agreement; and






    	 



    	 



    

 


		(iii)	If the Qualified Person forfeits the status as a director, corporate
executive officer or employee of the Corporation or of the Sony Group Companies due to any other events:



The Qualified Person may exercise
the Exercisable Options until and including the last day of the one (1) year period commencing on the date immediately following
the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period), but may not exercise the Unexercisable Options on and after the Status Forfeit
Date; provided, however, that if the Corporation allows the Qualified Person to exercise the Unexercisable Options, all of the
Unexercisable Options shall become exercisable on the Status Forfeit Date (or the Commencement Date of Exercisable Period, if the
Status Forfeit Date falls on a day before the Commencement Date of Exercisable Period) and the Qualified Person may exercise the
Unexercisable Options until and including the last day of the one (1) year period commencing on the date immediately following
the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period).


		(3)	The Qualified Person may not exercise the Options in any of the following
cases:



		(i)	If the Qualified Person works for a competitor of the Corporation
or of the Sony Group Companies as such competitor’s officer, employee or consultant, and any of the designated Representative
Corporate Executive Officer(s) of the Corporation determines not to permit the exercise by such Qualified Person of the Options
allocated to such Qualified Person.



		(ii)	If the Qualified Person is regarded by the Corporation to have performed
any act of disloyalty against the Corporation or the Sony Group Companies.



		(iii)	If the Qualified Person violates any provision of the Agreement.



		(4)	The Qualified Person is not authorized to transfer, pledge or otherwise
dispose of all or part of the Options.



 




2



    	 



    	 



    




Exhibit 4


 


REPRESENTATIONS AND WARRANTIES FOR NON-US PARTICIPANTS


 


The Qualified Person confirms the following
matters pursuant to Article 13 of the Allocation Agreement.


 


1.(Employment Contract)


I understand that nothing in the
Sony Corporation Stock Acquisition Rights Plan (the “Plan”) terms form part of my employment contract, unless my employment
contract expressly states otherwise. Participation in the Plan does not create any right to continued employment.


 


I understand that neither the participation
in the Plan nor the grant of an Option creates any rights to participate in the Plan or to be granted any stock acquisition right,
Option or award in the future. The Plan may cease to be operated in the future although any existing Options granted under the
Plan will continue in accordance with the Allocation Agreement, Exhibits, and the Terms and Conditions.


 


I understand that I have no claim
or right of action in respect of any decision, omission or discretion which may operate to my disadvantage even if it is unreasonable,
irrational or might otherwise be regarded as being in breach of any duty, except as set out in the relevant Plan documentation.


 


I understand I have no right to
compensation for any loss in relation to the Plan, including any loss in relation to:


		·	a reduction of rights or expectations under
the Plan in any circumstances (including lawful or unlawful termination of employment);



		·	any exercise of a discretion or a decision
taken in relation to an award or to the Plan, or any failure to exercise a discretion or take a decision; and



		·	the operation, suspension, termination or
amendment of the Plan.



 


I understand that as the grant by
the Corporation is entirely discretionary, the benefits and rights acquired under the Plan do not constitute “base salary”
or other regular employment earnings and that nothing in the rules or operation of the Plan forms part of my contract of employment
or employment relationship, which rights are separate from and not affected by,




    	 	 



    	 



    

the Plan. I understand and agree
that under no circumstances will the benefits derived from the Plan be included as part of my employment earnings for purposes
of calculating any of the Corporation’s and/or the Sony group companies’ (including my employer) obligations to me
for bonus, retirement, severance, or any other such payments.


 


2.(Data Protection)


I consent to the collection, use
and disclosure by the Corporation and/or companies in the Sony group (including my employer) of any personal information or data
necessary for the administration of the Plan.


 


Subject to legislative requirements,
the information may be retained after my Options are exercised or cancelled. I understand that I can contact the Secretariat of
the Stock Option Plan, Corporate Human Resources, Sony Corporation or the Human Resources Department of Sony Corporation of America
(in accordance with the contact information provided to me under separate cover), if I have any queries in respect of this statement.


 


I understand that the information
provided to the Corporation, the companies in the Sony group (including my employer), and/or to their duly authorized third party
designee(s) retained for the purpose of assisting the Corporation or the Sony group companies with administration of the Options
and provided in relation to the Plan will be used in relation to the administration of my Options under the Plan.


 


The Corporation and/or any of the
companies in the Sony group (including my employer) may give information to others (including people acting as agents of the Corporation
and/or any of the companies in the Sony group) in connection with the administration of the Plan on the understanding that they
will keep the information secure.


 


In order to process the information
the Corporation and/or companies in the Sony group (including my employer) may transfer the information to other countries that
may have a different level of statutory protection for my information than in my home country.


 


I understand that I have a right
to access certain information that the Plan holds about me and in order to exercise this right, I can contact the Secretariat of
the Stock Option Plan, Corporate Human Resources, Sony Corporation or the Human Resources Department of Sony Corporation of America
(in accordance with the contact information provided to me under separate cover).




    	 	 



    	 



    

 


3.(Payment of Tax, Social Security or Other
Amounts)


I authorize the Corporation and
companies in the Sony group (including my employer) to withhold any amounts or make such arrangements as they consider necessary
to meet any liability due to taxation, social security or other amounts in respect of my participation in the Plan. These arrangements
may include the sale or reduction in number of any shares of the Corporation (hereinafter referred to as the “Shares”)
unless I, as the participant in the Plan, discharge the liability myself.


 


4.(Tax Filings)


By signing the Allocation Agreement,
I agree to:


(1)make
all neccessary personal tax filings in the territory where I am tax resident in relation to this Plan;


 


(2)make
any required foreign exchange filings or notifications in relation to my holding of rights under the Plan in the territory where
I am foreign exchange resident; and


 


(3)comply
with any requirements to notify my employer of my interests in rights relating to the Shares (whether these requirements are based
on the internal rules of the Corporation, the Sony group, my employer or applicable law).


 


5.(Pensions)


I understand and agree that this
grant of Options to me will not affect my pension rights in any way. No additional contributions will be made by the Corporation
or by any other member of the Sony group (including my employer) as a result of my participation in this Plan. Any pension I may
receive will not be increased by my participation in this Plan.


 


6.(Tax Treatment)


I understand and agree that neither
the Corporation nor any member of the Sony group (including my employer) has arranged for any special tax treatment to apply to
these Options. The Options are not tax qualified in any jurisdiction.


 


[European Union (excluding Austria):


The Qualified Person is being offered participation
in the Plan in order to provide an additional incentive and to encourage employee share ownership and so increase the interest
of the Qualified Person in the success of the Corporation. Further information about the Corporation




    	 	 



    	 



    

can be obtained from www.sony.com. The aggregate
number of Shares to be issued or transferred upon exercise of the Options being offered under the Plan will not exceed 1,145,500.
The obligation to publish a prospectus under the EU Prospectus Directive does not apply to the offer of the Plan because of Article
4(1)(e) of that directive.]


 


[Austria:


Options are offered to the Qualified Person
by the Corporation, a Japanese corporation with its principal place of business at 7-1, Konan 1-chome, Minato-ku, Tokyo, Japan,
in accordance with the terms of the Plan. More information about the Corporation is available on www.sony.com. The Qualified Person
is being offered Options under the Plan in order to provide an additional incentive and to encourage employee share ownership and
so increase the interest of the Qualified Person in the Corporation’s success. The aggregate number of Shares to be issued
or transferred upon exercise of the Options being offered under the Plan will not exceed 1,145,500.


 


This document was compiled in accordance with
s3 ss1 no12 of the Austrian Capital Market Act (KMG) and the corresponding Regulation of the Financial Market Authority (Finanzmarktaufsicht
– FMA) on the mandatory requirements as to the content of a document replacing a prospectus, as published in the Austrian
Federal Gazette BGBl II No. 236/2005. This document replaces a prospectus in accordance with the Austrian Capital Market Act.]


 


[Note regarding Argentina: Although there is
no grantee in Argentina under JPY/USD plan in 2015, we remained the disclaimer below to be in compliance with the requirement in
Argentina for remainder purpose.


This is a private offer. It is not subject
to the supervision of the Argentine Securities Exchange Commission (Comision Nacional de Valores (CNV)) or any other governmental
authority in Argentina.]


 


[Note Regarding Australia: Although there is no grantee in Australia under
USD plan in 2015, we remained the disclaimer below to be in compliance with the requirement in Australia for remainder purpose.


The Qualified Person confirms that he/she acknowledges
and understands the following matters.


 


		1.	The Exercise Price will be calculated in
the future on the Allotment Date in accordance with Exhibit 2 of the Agreement. By way of example only, if the Allotment Date was
the date of the offer of the Options under the Agreement (being November 18, 2015), the Exercise Price would be US$ ●,
of which the Australian dollar equivalent is A$ ● (calculated
at the rate of A$ 1 = US$ ●, the rate of exchange at the closing
of November 18, 2015).





    	 	 



    	 



    

 


		2.	The Corporation undertakes that upon request, the information about
the current market price of the Shares of the Corporation and the Exercise Price throughout the offer period (including information
about the Australian dollar equivalent of that price and of the Exercise Price) will be provided to the Qualified Person within
a reasonable time of such request being made to Sony Computer Entertainment Australia Pty Limited [(Level 1, 63-73 Ann Street,
Surry Hills, NSW 2010 Australia, Tel: +61-2-9324-9500, Fax: +61-2-9324-9558) or Sony (Australia) Pty Limited (33-39 Talavera Road,
NORTH RYDE NSW, 2113, Tel:+61-29-887-6666, Fax: +61-29-887-4351)].



 


		3.	Any advice given by the Corporation in connection with the Options
is general advice only. Nothing in the documentation is to be taken to constitute a recommendation or statement of opinion that
is intended to influence a person or persons in making a decision to acquire any Options and the Qualified Person should consider
obtaining his/her own financial product and/or legal advice from an independent person. The documentation does not take into account
the objectives, financial situation or needs of any particular person. Before acting on the information contained in the documentation,
or making a decision to participate, the Qualified Person should seek professional advice as to whether such participation is appropriate
in light of his or her personal circumstances.



 


		4.	The Qualified person has no rights until the Exercise Price is determined
on the Allotment Date in accordance with Exhibit 2 of the Agreement.]



 


[Brazil:


This document is solely for the use and information
of persons to whom they are addressed and no other person. This document is addressed only to the Qualified Person and may not
be reproduced or copied in any form.


 


The Options granted under the Plan have not been
and will not be publicly issued, placed, distributed, offered or negotiated in the Brazilian capital markets and, as a result,
will not be registered with the Brazilian Securities Commission (Comissão de Valores Mobiliários, the CVM). Therefore,
the Options granted under the Plan will not be offered or sold in Brazil, except in circumstances which do not constitute a public
offering, placement, distribution or negotiation under the Brazilian capital markets regulation.


 


Investments carried out outside Brazil by Brazilian
individuals in an amount equal or higher




    	 	 



    	 



    

than US$100,000.00 must be annually disclosed
to the Central Bank of Brazil in accordance with the procedures described from time to time by the Central Bank of Brazil.]


 


[Denmark:


 




    	 	 



    	 



    

 


 


 


 


	
        1Tildelingstidspunkt
        for aktieoptioner i Sony Corporation (”Optionerne”) 

         

         

        Aftale Vedrørende Tildeling af Aktieoptioner
        i Sony Corporation for Regnskabsåret 2015 (”Tildelingsaftalen”) er indgået mellem Sony Corporation og modtageren
        (den ”Kvalificerede Person”) pr 18. november 2015 Datoen for tildelingen af Optionerne er den 19. november 2015.

         

         

        2Kriterier
        eller betingelser for tildelingen 

         

        Optioner tildeles direktionsmedlemmer og medarbejdere
        udvalgt af Sony Corporation (”Selskabet”), som underskriver Tildelingsaftalen af 18. november 2015.

         

        3Udnyttelsestidspunktet
        eller udnyttelsesperioden eller information om hvorledes udnyttelsestidspunkt fastsættes 

         

        Optionerne modnes og kan udnyttes i tre omtrent
        lige store årlige rater, fra og med årsdagen for tildelingen.

         

         

        4Tegningskursen
        eller information om hvorledes tegningskursen fastsættes 

         

        Beløbet
        som erlægges pr. aktie udstedt eller overdraget når Optionerne udnyttes (herefter ”Udnyttelseskursen”)
        er som udgangspunkt US$ 27.51.

         

        Det forudsættes
        dog, at såfremt det US-dollar beløb, der opnås ved at dele slutkursen for aktier i selskabet i den
        regulære handel hermed på Tokyo Stock Exchange (herefter ”Slutkursen”) den 19. november 2015 (”Tildelingsdatoen”)
        (såfremt der ikke er nogen Slutkurs denne dato, vil Slutkursen på den umiddelbart forudgående handelsdag
        være gældende) med den gennemsnitlige kursnotering hos en ledende erhvervsbank i Tokyo, som sælger spot
        US-dollar ved telegrafisk overførsel af yen i ti (1o) på hinanden følgende handelsdage (eksklusiv
        dage hvor der ikke er nogen Slutkurs) umiddelbart forud for Tildelingsdatoen (herefter ”Referencekursen”)
        (eventuelle decimaler efter en sådan beregning mindre end en (1) cent skal rundes op til nærmeste hele cent)
        er højere end US$ 27.51,
        så skal beløbet svarende til US-dollar beløbet beregnet ved at dele Slutkursen på Tildelingsdatoen
        med Referencekursen (eventuelle decimaler efter en sådan beregning mindre end en (1) cent skal rundes op til nærmeste
        hele cent) skal udgøre den første Udnyttelseskurs. I så fald skal Selskabet oplyse en sådan
        første Udnyttelseskurs til den Kvalificerede Person ved fremsendelse af meddelelse herom (herefter ”Meddelelsen”)
        på eller omkring den 19. november 2015.

         

        

         

        5Medarbejderens
        rettigheder ved ansættelsesforholdets ophør 

         

        (1)I tilfælde af at den Kvalificerede
        Person mister sin position som bestyrelsesmedlem, direktionsmedlem eller medarbejder i Selskabet eller i Sony-koncernen på
        grund af en af følgende årsager, skal udnyttelsen af Optionerne være underlagt de begrænsninger, der er
        beskrevet nedenfor; dog forudsat at Optionerne under ingen omstændigheder kan udnyttes efter perioden angivet under punkt
        3 ovenfor.

         

        (i) Såfremt den Kvalificerede Person
        bortvises eller opsiges på grund af misligholdelse i henhold til Selskabets eller Sony Koncernens ansættelsesregler
        eller fjernes fra embedet:

         

         

        Den Kvalificerede Person kan ikke udnytte Optionerne
        på eller efter datoen på hvilken han/hun mister sin position som bestyrelsesmedlem, direktionsmedlem eller medarbejder
        i Selskabet eller Sony Koncernen (herefter “Fortabelsesdatoen”);

         

         

        (ii) Såfremt den Kvalificerede Person
        ophører med at være bestyrelsesmedlem, direktionsmedlem eller medarbejder i Selskabet eller i Sony Koncernen på
        grund af den Kvalificerede Persons død:

         

        I henhold til bestemmelse 7 i Tildelingsaftalen
        kan arvingerne til den Kvalificerede Person udnytte Optionerne, som kan udnyttes i henhold til punkt (1) i denne bestemmelse pr.
        Fortabelsesdatoen (herefter de “Modnede Optioner”) indtil og inklusive den sidste dag i et (1) års perioden som
        begynder dagen efter Fortabelsesdatoen (hvis den sidste dag af denne et (1) års periode er en feriedag i Selskabet, vil den
        efterfølgende bankdag udgøre den sidste dag i perioden), men kan dog ikke udnytte Optionerne, som ikke er modnede
        i henhold til afsnit 1 i denne bestemmelse pr. Fortabelsesdatoen (herefter de ”Ikke Modnede Optioner”), på og
        efter Fortabelsesdagen dog forudsat at såfremt Selskabet tillader arvingerne til den Kvalificerede Person at udnytte de Ikke
        Modnede Optioner, modner alle de Ikke Modnede Optioner på Fortabelsesdatoen (eller på Startdatoen for Udnyttelsesperioden,
        såfremt Fortabelsesdatoen falder på en dato før Startdatoen for Udnyttelsesperioden), og den Kvalificerede Person
        kan udnytte de Ikke Modnede Optioner til og med den sidste dag i et (1) års perioden, som begynder dagen efter Fortabelsesdagen
        (hvis den sidste dag af denne et (1) års periode er en feriedag i Selskabet, vil den efterfølgende bankdag udgøre
        den sidste dag i perioden) i henhold til bestemmelserne i bestemmelse 7 i Tildelingsaftalen; og

          

         

         

        (iii) Såfremt den Kvalificerede Person
        mister sin position som bestyrelsesmedlem, direktionsmedlem eller medarbejder i Selskabet eller i Sony Koncernen på grund
        af andre for-hold:

         

        Den Kvalificerede Person kan udnytte de
        Modnede Optioner indtil og inklusive den sidste dag i et (1) års perioden, som begynder dagen efter Fortabelsesdagen (hvis
        den sidste dag af denne et (1) års periode er en feriedag i Selskabet, vil den efterfølgende bankdag udgøre
        den sidste dag i perioden), men kan dog ikke udnytte de Ikke Modnede Optioner på og efter Fortabelsesdagen dog forudsat at
        såfremt Selskabet tillader den Kvalificerede Person at udnytte de Ikke Modnede Optioner, modner alle de Ikke Modnede Optioner
        på Fortabelsesdatoen (eller på Startdatoen for Udnyttelsesperioden, såfremt Fortabelsesdatoen falder på
        en dato før Startdatoen for Udnyttelsesperioden), og arvingerne til den Kvalificerede Person kan udnytte de Ikke Modnede
        Optioner til og med den sidste dag i et (1) års perioden, som begynder dagen efter Fortabelsesdagen (hvis den sidste dag
        af denne et (1) års periode er en feriedag i Selskabet, vil den efterfølgende bankdag udgøre den sidste dag
        i perioden).

         

         

         

         

         

        (2)Den Kvalificerede Person kan ikke udnytte
        Optionerne i følgende tilfælde:

         

         

        (i) Såfremt den Kvalificerede Person
        arbejder for en konkurrent til Selskabet eller Sony Koncernen som denne konkurrents direktionsmedlem, medarbejder eller konsulent,
        og en af de udvalgte Repræsentanter for Ledelsen i Selskabet vælger ikke at tillade en sådan Kvalificeret Persons
        udnyttelse af Optionerne tildelt til denne Kvalificerede Person.

         

        (ii) Såfremt den Kvalificerede Person
        af Selskabet anses for at have udøvet illoyale handlinger mod Selskabet eller Sony Koncernen.

         

        (iii) Såfremt den Kvalificerede Person
        misligholder bestemmelserne i denne Aftale.

         

        6Økonomiske
        aspekter af deltagelse i aktieoptionsprogrammet 

         

        Aktieoptioner er risikobetonede værdipapirer,
        der er afhængige af aktiemarkedet. Som følge heraf er der ingen garanti for, at udnyttelsen af Optionerne udløser
        en fortjeneste. Tildelingen af Optionerne har ingen økonomiske konsekvenser for den Kvalificerede Person.
	
        1The
        time of the grant of the stock ac

        quisition rights of Sony Corporation
        (the “Options”) 

         

        The Agreement Concerning Allocation of the
        Stock Acquisition rights of Sony Corporation for the Fiscal Year 2015 (the “Allocation Agreement”) is entered into
        between Sony Corporation and the grantee (the “Qualified Person”) as of November 18, 2015. The date of the grant of
        the Options is November 19, 2015.

         

        2The criteria
        or conditions for the grant 

         

        Options are granted to officers and employees
        selected by Sony Corporation (the “Corporation”) who sign the Allocation Agreement as of November 18, 2015.

         

        3The
        exercise time or exercise period or information on how the exercise time is determined 

         

         

        The Options shall vest and become exercisable
        in three approximately equal annual installments beginning on the first anniversary of the date of the grant.

         

        4The
        subscription price or information on how the subscription price is fixed 

         

        Amount
to be paid per Share to be issued or transferred upon exercise of the Options (hereinafter referred to as the “Exercise
Price”) is initially US$ 27.51.

         

        Provided,
        however, that if the U.S. dollar amount obtained by dividing the closing price of Shares of the Corporation in the regular trading
        thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on November 19, 2015 (the “Allotment
        Date”) (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) by the average
        of the exchange rate quotations by a leading commercial bank in Tokyo for selling spot U.S. dollars by telegraphic transfer against
        yen for ten (10) consecutive trading days (excluding days on which there is no Closing Price) immediately prior to the Allotment
        Date (hereinafter referred to as the “Reference Exchange Rate”) (any fraction less than one (1) cent arising as a result
        of such calculation shall be rounded up to the nearest one (1) cent) is higher than US$ 27.51,
        then the amount equal to the U.S. dollar amount obtained by dividing the Closing Price on the Allotment Date by the Reference Exchange
        Rate (any fraction less than one (1) cent arising as a result of such calculation shall be rounded up to the nearest one (1) cent)
        shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person
        by sending a notice (hereinafter referred to as the “Notice”) on or about November 19, 2015. 

         

        5The
        employee’s rights in connection with the termination of employment 

         

        (1)In case that the Qualified Person forfeits
        either status as a director, corporate executive officer or employee of the Corporation or of the Sony Group Companies by falling
        under any of the following items, the exercise of the Options shall be subject to the restrictions provided for in such following
        item; provided, however, that in no case may any Options be exercised after the period provided for in Item (4) of Article 3 of
        the Allocation Agreement.

         

        (i) If the Qualified Person is subject to punitive
        dismissal or resignation under instruction pursuant to the rules of employment of the Corporation or of the Sony Group Companies
        or removed from office:

         

        The Qualified Person may not exercise the Options
        on and after the day on which he/she forfeits the status as a director, corporate executive officer or employee of the Corporation
        or of the Sony Group Companies (hereinafter referred to as the “Status Forfeit Date”);

         

        (ii) If the Qualified Person ceases to be a
        director, corporate executive officer or employee of the Corporation or of the Sony Group Companies due to his/her death:

         

         

        Subject to the provision of Article 7
        of the Allocation Agreement, the heir of the Qualified Person may exercise the Options which are exercisable pursuant to Item (1)
        of this Article as of the Status Forfeit Date (hereinafter referred to as the “Exercisable Options”) until and including
        the last day of the one (1) year period commencing on the date immediately following the Status Forfeit Date (if the last day of
        this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day shall be the last day of
        such period), but may not exercise the Options which are not exercisable pursuant to Paragraph 1 of this Article as of the Status
        Forfeit Date (hereinafter referred to as the “Unexercisable Options”) on and after the Status Forfeit Date; provided,
        however, that if the Corporation allows the heir of the Qualified Person to exercise the Unexercisable Options, all of the Unexercisable
        Options shall become exercisable on the Status Forfeit Date (or the Commencement Date of Exercisable Period, if the Status Forfeit
        Date falls on a day before the Commencement Date of Exercisable Period) and the heir of the Qualified Person may exercise the Unexercisable
        Options until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
        Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
        shall be the last day of such period) subject to the provision of Article 7 of the Allocation Agreement; and

         

        (iii) If the Qualified Person forfeits the
        status as a director, corporate executive officer or employee of the Corporation or of the Sony Group Companies due to any other
        events:

         

         

        The Qualified Person may exercise the Exercisable
        Options until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
        Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
        shall be the last day of such period), but may not exercise the Unexercisable Options on and after the Status Forfeit Date; provided,
        however, that if the Corporation allows the Qualified Person to exercise the Unexercisable Options, all of the Unexercisable Options
        shall become exercisable on the Status Forfeit Date (or the Commencement Date of Exercisable Period, if the Status Forfeit Date
        falls on a day before the Commencement Date of Exercisable Period) and the Qualified Person may exercise the Unexercisable Options
        until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit Date
        (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day shall
        be the last day of such period).

         

        (2)The Qualified Person cannot exercise
        the Options in any of the following cases:

         

        (i) If the Qualified Person works for a competitor
        of the Corporation or of the Sony Group Companies as such competitor’s officer, employee or consultant, and any of the designated
        Representative Corporate Executive Officer(s) of the Corporation determines not to permit the exercise by such Qualified Person
        of the Options allocated to such Qualified Person.

         

        (ii) If the Qualified Person is regarded by
        the Corporation to have performed any act of disloyalty against the Corporation or the Sony Group Companies.

         

        (iii) If the Qualified Person violates any
        provision of the Agreement.

         

        6The
        financial aspects of participating in the stock option program 

         

        Stock options are risky securities that are influenced by the
        share market. Consequently, there is no guarantee that the exercise of the Options will yield a profit. The grant of the Options
        has no financial consequences for the Qualified Person.]

         

         



 


[Germany:


Options granted under the Plan are provided
on an ex-gratia basis and not in satisfaction of any right or expectation of the Qualified Person. The Qualified Person acknowledges
that he/she has no such right or expectation in relation to the Option or any future grant of options.]


 


[Hong Kong:


The contents of the Plan documents have not
been reviewed by any regulatory authority in Hong Kong. The Qualified Person is advised to exercise caution in relation to the
offer under the Plan. If the Qualified Person is in any doubt about any of the contents of this document, he/she should obtain
independent professional advice.]


 


[India:


No invitation, offer or sale to purchase or
subscribe to the shares of Sony Corporation (“Securities”) is made or intended to be made to the public in India through
the Allocation Agreement or any amendment or supplement thereto. Neither the Allocation Agreement nor any amendment or supplement
thereto is a prospectus, offer document or advertisement nor has it been or will be submitted or registered as a prospectus or
offer document under any applicable law or regulation in India. Neither the Allocation Agreement nor any amendment or supplement
thereto has been reviewed, approved, or recommended by any Registrar of Companies in India, the Securities and Exchange Board of
India, the Reserve Bank of India, any stock exchange in India or any other Indian regulatory authority.


Accordingly, no person may make any invitation,
offer or sale of any Securities, nor may the Allocation Agreement nor any amendment or supplement thereto nor any other document,
material, notice or circular in connection with the invitation, offer or sale for subscription or purchase of any Securities ("Offer")
be circulated or distributed whether directly or indirectly to, or for the account or benefit of, any person resident in India,
other than strictly on a private and confidential basis and so long as any such Offer is not calculated to result, directly or
indirectly, in the Securities becoming available for subscription or purchase by persons other than those receiving such offer
or invitation. Notwithstanding the foregoing, in no event shall the Offer




    	 	 



    	 



    

be made directly or indirectly, in any circumstances
which would constitute an offer to the public in India within the meaning of any applicable law or regulation.


Any Offer of Securities to a person in India
shall be made subject to compliance with all applicable Indian laws including, without limitation, the Foreign Exchange Management
Act, 1999, as amended, and any guidelines, rules, regulations, circulars or notifications issued by the Reserve Bank of India,
the Securities and Exchange Board of India and any other Indian regulatory authority.


Each investor in the Securities acknowledges,
represents and agrees that it is eligible to invest in the Company and the Securities under applicable laws and regulations in
India and that it is not prohibited or debarred under any law or regulation from acquiring, owning or selling the Securities.]


 


[Turkey:


No information in this document is provided
for the purpose of offering, marketing and sale by any means of any capital market instruments in the Republic of Turkey. Therefore,
this document may not be considered as an offer made or to be made to residents of the Republic of Turkey.


The Plan has not been and will not be registered
with the Turkish Capital Market Board (the “CMB”) under the provisions of the Capital Market Law (Law No. 2499) (the
“Capital Market Law”). Accordingly, neither this document nor any other material may be utilized in connection with
any offering to the public within the Republic of Turkey without the prior approval of the CMB. However, according to Article 15
(d) (ii) of the Decree No.32 there is no restriction on the purchase or sale of Shares by residents of the Republic of Turkey,
provided that: they purchase or sell such Shares in the financial markets outside of the Republic of Turkey; and such sale and
purchase is made through banks, and/or licensed brokerage institutions in the Republic of Turkey.]




    	 	 



    	 



    

[France: 


	
        PRINCIPALES MODALITES DE LA TRENTE UNIÈME
        SERIE

        D’OPTIONS D’ACHAT D'ACTIONS

        CONCERNANT LES ACTIONS ORDINAIRES DE LA SONY CORPORATION

         

        Les présentes
        modalités concernant les options d’achat d'actions s'appliquent à la trente unième
        Série d’Options d’Achat d'Actions Ordinaires (ci-après les « Options ») de la Sony
        Corporation (ci-après la « Société ») émis le 19 novembre 2015 par la Société:

         

         

         

        1.Nombre
        d'Options attribuées à la Personne Qualifiée (telle que définie dans le présent Article)

         

        (________ actions pourront être émises
        ou transférées lors de l'exercice, par la personne ayant signé le Contrat d'Attribution tel que définit
        ci-dessous à l'Article 16 (ci-après la « Personne Qualifiée »), de toutes les Options
        attribuées à la Personne Qualifiée.)

         

        2.Nombre
        total d'Options

         

        11,455 (le nombre maximum d'actions de la Société
        pouvant être émises lors de l'exercice de l'Option est de 1,145,500)

         

        3.Classe
        et nombre d'actions devant être émises ou cédées lors de l'exercice de chaque Option

         

        100 actions ordinaires de la Société
        (ci-après les « Actions Ordinaires »)

         

         

        4.Montant
        à payer par action devant être émise ou cédée lors de l'exercice des Options (ci-après
        « Cours d'Exercice »)

         

        Le
Cours d'Exercice initial est de  27.51 US$.

         

        Sous
        réserve, cependant, que si le montant en dollars US obtenu en divisant le cours de clôture des actions
        ordinaires de la Société dans le cadre des transactions régulières effectuées à la
        Bourse de Tokyo (ci-après le « Cours de Clôture ») à la Date d'Attribution (telle
        que définie à l'Article 6 des présentes Principales Modalités (ci-après les
        « Conditions »)) (en l'absence de Cours de Clôture à cette date, le Cours de Clôture
        du jour de bourse précédent) par la moyenne des taux de change cotés par une banque commerciale de
        premier plan à Tokyo pour la vente spot de dollars US par transfert télégraphique contre des yens
        pendant dix (10) jours de bourse consécutifs (à l'exclusion des jours n'ayant pas de Cours de Clôture)
        immédiatement avant la Date d'Attribution (ci-après le « Taux de Change de
        Référence ») (toute fraction inférieure à un (1) cent résultant de ce calcul
        sera arrondie au un (1) cent le plus proche) est supérieur à 27.51 US$, alors le montant égal au montant
        en dollars US obtenu en divisant le Cours de Clôture à la Date d'Attribution par le Taux de Change de
        Référence (toute fraction inférieure à un (1) résultant de ce calcul sera arrondie au un
        (1) cent) sera le Cours d'Exercice initial. Dans ce cas, la Société devra indiquer le Cours d'Exercice
        initial en question à la Personne Qualifiée en lui envoyant un avis (ci-après
        l'« Avis ») le ou aux alentours du, 19 novembre 2015. Les dispositions concernant le Cours d'Exercice
        initial indiqué dans l'avis annuleront et remplaceront automatiquement les dispositions des
        présentes.

         

        5.Période
        durant laquelle les Options pourront être exercées

         

        A partir du 19 novembre 2016 inclus, jusqu'au
        18 novembre 2025 inclus (ci-après la « Durée »). Si le dernier jour de la période en
        question tombe un jour férié pour la Société, le jour ouvrable le précédant immédiatement
        sera le dernier jour de la période en question. Cependant, l'exercice des Options est assujetti aux restrictions prévues
        à l'Article 8 des Conditions.

         

        6.Paiement
        contre Options

         

        Les Options sont émises sans aucun paiement
        au profit de la Société.

         

        7.Date
        d'Enregistrement des Options

         

        18 novembre 2015

         

        8.Date
        d'Attribution des Options

         

        19 novembre 2015 (ci-après la « Date
        d'Attribution »)

         

        9.Acquisition
        des Droits

         

        Nonobstant l'Article 4 des Conditions, les Options
        seront acquises et deviendront exerçables en trois tranches annuelles approximativement équivalentes démarrant
        au premier anniversaire de la date d'octroi.

         

        10.Conditions
        à l'Exercice des Options

         

        (1)Aucune Option ne pourra être exercée
        en partie.

         

        (2)En cas de vote d'une résolution,
        lors d'une assemblée générale des actionnaires de la Société, en faveur d'un accord de consolidation
        ou de fusion (autre qu'une consolidation ou une fusion dont la société résultante est la Société),
        ou en cas de vote d'une résolution, lors d'une assemblée générale des actionnaires de la Société
        (ou, si une résolution d'une assemblée générale des actionnaires n'est pas nécessaire, lors
        d'une réunion du Conseil d'Administration de la Société) concernant un accord d'échange de parts (kabushiki-kokan)
        ou d'un plan de transfert de parts (kabushiki-iten) en vertu duquel la Société deviendrait filiale à 100%
        d'une autre société, les Options ne pourront pas être exercées à ou après la date de prise
        d'effet de la consolidation ou de la fusion en question, de l'échange de parts (kabushiki-kokan), ou du transfert de parts
        (kabushiki-iten).

         

         

        (3)Si la Personne Qualifiée renonce
        à l'un des statuts suivants : administrateur, CEO (Corporate Executive Officer) ou employé de la Société
        ou des Sociétés du Groupe Sony en tombant dans l'une des catégories suivantes, l'exercice des Options sera
        assujetti aux restrictions prévues pour la catégorie en question ; sous réserve, cependant, qu'en aucun
        cas les Options ne puissent être exercées après les Durées indiquées à l'Article 4 des
        Conditions.

         

        (i) Si la Personne Qualifiée fait l'objet
        d'un licenciement pour faute ou d'une démission par demande en vertu des règles sur l'emploi de la Société
        ou des Sociétés du Groupe Sony ou si elle est démise de ses fonctions :

        

        La Personne Qualifiée ne pourra pas exercer les Options à ou après la date à laquelle elle aura renoncé
        à son statut d'administrateur, de CEO ou d'employé de la Société ou des Sociétés du Groupe
        Sony (ci-après la « Date de Renoncement à Statut ») ;

         

         

        (ii) Si la Personne Qualifiée cesse
        d'être administrateur, CEO ou employé de la Société ou du Group Sony par suite de son décès :

        

        Sous réserve des dispositions de l'Article 9, Alinéa (2) des Conditions, l'héritier de la Personne Qualifiée
        pourra exercer les Options exerçables en vertu de l'Article 7 à compter de la Date de Renonciation à Statut
        (ci-après les « Options Exerçables ») jusques et y compris le dernier jour de la période
        d'un (1) an commençant à la date suivant immédiatement la Date de Renonciation à Statut (si le dernier
        jour de cette période d'un (1) an tombe un jour férié pour la Société, le jour ouvrable le précédant
        immédiatement sera le dernier jour de la période en question), mais ne pourra pas exercer les Options non exerçables
        en vertu de l'Article 7 à compter de la Date de Renonciation à Statut (ci-après les « Options Non
        Exerçables ») à la Date de Renonciation à Statut ou passé celle-ci ; sous réserve,
        toutefois, que si la Société autorise l'héritier de la Personne Qualifiée à exercer les Options
        Non Exerçables, l'ensemble de celles-ci deviendront exerçables à la Date de Renonciation à Statut (ou
        à la Date de Commencement de la Période d'Exercice, si la Date de Renonciation à Statut tombe un jour précédant
        la Date de Commencement de la Période d'Exercice) et l'héritier de la Personne Qualifiée pourra exercer les
        Options Non Exerçables jusques et y compris le dernier jour de la période d'un (1) an commençant à
        la date suivant immédiatement la Date de Renonciation à Statut (si le dernier jour de cette période d'un (1)
        an tombe un jour férié pour la Société, le jour ouvrable le précédant immédiatement
        sera le dernier jour de la période en question), sous réserve des dispositions de l'Article 9, Alinéa (2)
        des Conditions ; et

         

        (iii) Si la Personne Qualifiée renonce
        au statut d'administrateur, de CEO ou d'employé de la Société ou du Groupe Sony par suite d'autres événements :

         

        La Personne Qualifiée pourra exercer
        les Options Exerçables jusques et y compris le dernier jour de la période d'un (1) an commençant à
        la date suivant immédiatement la Date de Renonciation à Statut (si le dernier jour de cette période d'un (1)
        ans tombe un jour férié pour la Société, le jour ouvrable le précédant immédiatement
        sera le dernier jour de la période en question), mais ne pourra pas exercer les Options Non Exerçables à la
        Date de Renonciation à Statut ni par la suite; sous réserve, toutefois, que si la Société autorise
        l'héritier de la Personne Qualifiée à exercer les Options Non Exerçables, l'ensemble de celles-ci deviendront
        exerçables à la Date de Renonciation à Statut (ou à la Date de Commencement de la Période d'Exercice,
        si la Date de Renonciation à Statut tombe un jour précédant la Date de Commencement de la Période d'Exercice)
        et la Personne Qualifiée pourra exercer les Options Non Exerçables jusques et y compris le dernier jour de la période
        d'un (1) an commençant à la date suivant immédiatement la Date de Renonciation à Statut (si le dernier
        jour de cette période d'un (1) an tombe un jour férié pour la Société, le jour ouvrable le précédant
        immédiatement sera le dernier jour de la période en question).

         

        (4)La Personne Qualifiée ne pourra
        pas exercer les Options dans les cas suivants :

         

         

        (i) Si la Personne Qualifiée travaille
        pour un concurrent de la Société ou du Groupe Sony en qualité de cadre, d'employé ou de consultant
        du concurrent en question, et que l'un quelconque des CEO désignés pour représenter la Société
        décide de ne pas permettre l'exercice, par la Personne Qualifiée en question, des Options qui lui ont été
        attribuées.

         

        (ii) Si la Personne Qualifiée est considérée
        par la Société comme ayant commis un acte déloyal à l'égard de la Société ou du
        Groupe Sony.

         

        (iii) Si la Personne Qualifiée viole
        une quelconque disposition du Contrat.

         

        (5)La Personne Qualifiée n'est pas
        autorisée à céder, à nantir ni à se défaire d'une quelconque autre manière de
        tout ou partie des Options.

         

        (6)L'exercice des Options est en outre assujetti
        à toute restriction sur les transactions prévue par le Règlement de la Sony Corporation of America Concernant
        les Transactions sur Titres ou tout autre règlement semblable mis en œuvre par le Groupe Sony (ci-après le « Groupe
        Sony ») et applicable à la Personne Qualifiée, tel qu'il peut être en vigueur de manière
        ponctuelle.

         

        11.Interdiction de Cession

         

        (1)Sauf disposition contraire de l'Alinéa
        (2) ci-dessous, les Options, acquises ou non, ne sont pas cessibles par la Personne Qualifiée.

         

        (2)En cas de décès de la Personne
        Qualifiée, les Options en circulation qui auront été acquises et sont exerçables et accordées
        à la Personne Qualifiée en question, ne pourront être exercées que par les exécuteurs ou les
        administrateurs testamentaires de la Personne Qualifiée ou par toute personne ayant acquis le droit de les exercer en vertu
        du testament ou de la législation sur les successions, sous réserve qu'aucun transfert par testament ou en vertu
        de législation sur les successions d'une quelconque Option, ou du droit d'exercer une quelconque Option, ne pourra contraindre
        la Société à moins que cette dernière ait reçu (a) un avis écrit dans ce sens et une
        copie du testament et/ou les preuves qu'elle jugera nécessaires pour établir la validité du transfert et (b)
        un accord par lequel le cessionnaire s'engage à se conformer à l'ensemble des modalités des Options qui s'appliquent
        ou se seraient appliquées à la Personne Qualifiée (autres que les modalités relatives à l'emploi
        au sein de la Société ou de l'une de ses filiales) et à être lié par les engagements de la Personne
        Qualifiée concernant l'octroi des Options. Les Options non acquises ni exerçables lors du décès de
        la Personne Qualifiée deviendront nulles.

         

        12.Rachat
        / Achat d'Options

         

        Le rachat obligatoire des Options ne s'applique
        pas. En outre, en aucun cas une quelconque Personne Qualifiée ne pourra demander à la Société d'acheter
        les Options qu'elle détient.

         

         

        13.Restrictions
        concernant l'Acquisition d'Options par l'intermédiaire d'un Transfert

         

        Les Options ne peuvent pas être acquises
        par le transfert (autre qu'un quelconque transfert d'Options acquises et exerçables au décès d'un détenteur
        des Options au profit de la succession ou des bénéficiaires du détenteur en question), à moins que
        cette acquisition soit expressément approuvée par le Conseil d'Administration de la Société.

         

        14.Lieu
        de Dépôt des Demandes d'Exercice des Options

         

        Sony Corporation of America, Ressources Humaines,
        ou son représentant dûment désigné

         

        15.Lieu
        de Traitement des Paiements lors de l'Exercice des Options

         

        Sumitomo Mitsui Banking Corporation, Siège
        (ou toute autre banque lui succédant de temps à autre et/ou tout bureau succédant à ce bureau)

         

        16.Emission des ADR (Certificats Américains
        de Dépôt)

         

        La Société gère actuellement
        un plan d'ADR aux Etats-Unis, en vertu duquel des Certificats Américains de Dépôt (American Depositary Receipts
        ou « ADR ») représentent des actions ordinaires de la Société. Durant la période
        où la Société gère ce programme d'ADR aux Etats-Unis, les Personnes Qualifiées exerçant
        les Options recevront des ADR au lieu d'actions ordinaires de la Société, et ce comme décrit ci-dessous. Lors
        de l'exercice d'une Option, les actions ordinaires de la Société acquises par suite de cet exercice seront émises
        au nom du dépositaire ou de la personne qu'il aura désignée dans le cadre du Plan d'ADR de Sony au profit
        de la Personne Qualifiée. A réception des actions ordinaires de la Société suite à l'exercice
        d'une Option, le dépositaire dans le cadre du plan d'ADR de Sony émettra immédiatement et de manière
        automatique les ADR représentant les actions ordinaires en question de la Société au nom de la Personne Qualifiée
        concernée et livrera les ADR en question à celle-ci (ou sur un compte détenu au profit de celle-ci) dès
        que possible suite à la date effective de l'émission. Par souci de simplicité, toute référence
        faite dans le Contrat d'Attribution (tel que défini ci-dessous à l'Article 16 des Conditions) et dans les Conditions
        aux actions ordinaires de la Société sera considérée comme étant une référence
        aux ADR.

         

         

         

         

        17.Traitement en Cas de Transaction
        d'Entreprise

         

        (1)En cas de quelconque transaction d'entreprise,
        à l'exclusion (a) d'une consolidation ou d'une fusion dont la société résultante n'est pas la Société
        ou (b) d'un échange de parts (kabushiki-kokan) ou d'un transfert de parts (kabushiki-iten) en vertu duquel la Société
        devient une filiale à 100% d'une autre société affectant la Société, y compris la dissolution
        ou la liquidation de la Société, la vente de tout ou d'une partie substantielle des actifs de la Société,
        de scission d'entreprise ou de toute autre transaction semblable, la Société pourra (x) exiger de l'entité
        résultant de la transaction en question qu'elle signe un accord prévoyant que tout détenteur des Options ait
        le droit, pendant la Durée et lors de l'exercice des Options, de recevoir la catégorie et la quantité d'actions
        et d'autres titres et actifs qui lui sont dus suite à ladite transaction par tout détenteur du nombre d'actions au
        titre desquelles les Options auraient pu être exercées immédiatement avant la transaction en question ou (y)
        empêcher l'exercice, avec prise d'effet immédiate lors de la réalisation de la transaction en question, de
        chaque Option en circulation immédiatement avant la transaction ou non (que l'option en question soit alors exerçable
        ou non).

         

        (2)Si la Société signe un contrat
        définitif ou prend une décision par résolution de son Conseil d'Administration ou par approbation de ses actionnaires
        lors de l'assemblée des actionnaires visant à effectuer une ou plusieurs des transactions ou opérations décrites
        dans le paragraphe qui précède, la Société pourra fournir un préavis d'au moins vingt jours
        à la Personne Qualifiée à compter de la réalisation de la transaction ou de l'opération en question
        et donner à cette Personne Qualifiée la possibilité d'exercer ses Options (que les Options en question soient
        alors ou non acquises et exerçables), immédiatement avant, et sous réserve de, la réalisation de la
        transaction ou de l'opération en question.

         

        18.Condition Résolutoire au Contrat
        d'Attribution conclu avec la Personne Qualifiée

         

        L'accord concernant l'attribution des Options
        d’Achat d'Actions Sony Corporation pour l'Exercice 2015 conclu entre la Personne Qualifiée et la Société
        en date du 18 novembre 2015 (ci-après le « Contrat d'Attribution »), expirera automatiquement, sans
        aucune procédure particulière, si la Personne Qualifiée n'occupe pas le poste d'administrateur, de CEO ou
        d'employé de la Société ou du Groupe Sony à la Date d'Attribution.

         

         

         

        19.Questions
        relatives aux Montants de Capital et de Primes d'Emission supplémentaires générés par l'Emission d'Actions
        lors de l'Exercice des Options

         

        (1)Le montant de capital supplémentaire
        généré par l'émission d'actions lors de l'exercice des Options sera le montant obtenu en multipliant
        le plafond d'augmentation de capital, calculé conformément aux dispositions de l'Alinéa 1, Article 17 des
        Règles Comptables de la Société, au Japon (Company Accounting Ordinance of Japan), par 0,5, et toute fraction
        inférieure à un (1) yen résultant de ce calcul sera arrondie au un (1) yen le plus proche.

         

        (2)Le montant de la prime d'émission
        supplémentaire générée par l'émission d'actions lors de l'exercice des Options sera le montant
        obtenu en déduisant le capital supplémentaire, visé en (1) ci-dessus, du plafond d'augmentation de capital,
        également visé en (1) ci-dessus.

         

        20.Déclarations, Garanties, Engagements
        et Confirmations

         

        La Personne Qualifiée émettra les
        déclarations, les garanties, les engagements et les confirmations énoncés dans l'Annexe aux présentes.

         

         

        21.Interprétation

         

        Rien de ce qui figure ici ni dans le Contrat d'Attribution
        ne saurait être interprété comme donnant à la Personne Qualifiée un quelconque droit de recevoir
        des options ou d'acheter des actions ordinaires de la Société à l'avenir auprès de la Société
        ou de l'une quelconque de ses filiales. Rien de ce qui figure ici ni dans le Contrat d'Attribution ne saurait conférer à
        la Personne Qualifiée de quelconque droit de rester employée par la Société ou l'une quelconque de
        ses filiales, ni ne saurait constituer de contrat de travail ni interférer, de quelque manière que ce soit, avec
        le droit de la Société ou de ses filiales de réduire ou de modifier la rémunération de la Personne
        Qualifiée en vigueur au moment de l'octroi d'une quelconque Option ou autrement, ni de dénoncer le contrat de travail
        d'une Personne Qualifiée ni de changer le poste de la Personne Qualifiée ou les conditions de son emploi, avec ou
        sans justification. Rien de ce qui figure ici ni dans le Contrat d'Attribution ne saurait empêcher la Société,
        et la Société se réserve expressément le droit, de modifier les modalités des options d'achat
        d'actions ordinaires de la Société, le cas échéant, qui sont ou pourraient être accordées
        à l'avenir.

         

         

         

         

        Annexe

         

        DECLARATIONS ET GARANTIES POUR LES PARTICIPANTS
        NON AMERICAINS

         

        La Personne Qualifiée émet les
        confirmations suivantes en vertu de l'Article 17 des Conditions.

         

        1.(Contrat de Travail)

        Je comprends que rien de ce qui figure dans les
        modalités du Plan d’Options d’Achat d'Actions de la Sony Corporation (le « Plan ») ne
        fait partie de mon contrat de travail, sauf indication contraire figurant explicitement dans ce dernier. La participation au Plan
        ne donne aucun droit au maintien de mon emploi.

         

        Je comprends que ni la participation au Plan,
        ni l'octroi d'une Option, ne crée pour moi le droit de participer au Plan ni de me voir accorder des Options ni d'autres
        avantages à l'avenir. Le Plan pourra cesser de fonctionner à l'avenir, bien que toute Option existante accordée
        en vertu de ce Plan continuera conformément au Contrat d'Attribution, aux Annexes au Contrat d'Attribution et aux Modalités.

         

        Je comprends que je ne peux revendiquer aucun
        droit d’agir suite à une quelconque décision, omission ou mesure discrétionnaire qui pourrait intervenir
        à mon détriment, même si celle-ci s'avérait déraisonnable, irrationnelle ou pouvait être
        autrement considérée comme constituant une violation d'une quelconque obligation, hormis ce qui est prévu
        dans la documentation du Plan considéré.

         

        Je comprends que je n'ai aucun droit à
        compensation en cas de perte résultant du Plan, y compris de perte due à :

        ·        
        une réduction de mes droits ou de mes attentes en vertu du
        Plan, quelles qu'en soient les circonstances (y compris la dénonciation, légitime ou non, de mon contrat de travail) ;

        ·        
        l'exercice d'une mesure discrétionnaire ou d'une décision
        prise concernant un avantage ou concernant le Plan, ou le non exercice d'une mesure discrétionnaire ou la non-prise de décision ;
        ou

        ·        
        l'exploitation, la suspension, la dénonciation ou l'amendement
        du Plan.

         

        Je comprends que l'octroi de droits par la Société
        est entièrement discrétionnaire et que, par conséquent, les avantages et les droits acquis en vertu du Plan
        ne constituent ni du « salaire de base » ni une quelconque autre rémunération régulière
        au titre de l'emploi, et qu'aucun aspect du règlement ni du fonctionnement du Plan ne fait partie de mon contrat de travail
        ni de ma relation avec mon employeur, les droits résultant de ce contrat et de cette relation étant distincts du
        Plan et n'en étant nullement affectés. Je comprends et je reconnais qu'en aucun cas les avantages tirés du
        Plan ne seront inclus dans la rémunération liée à mon emploi aux fins de calculer les obligations de
        la Société et/ou du Groupe Sony (y compris mon employeur) en termes de primes, de retraite, d'indemnités de
        départ ou d'autres paiements de même nature.

         

        2.(Protection des Données)

        Je consens à la collecte, à l'utilisation
        et à la divulgation, par la Société et/ou les sociétés du Groupe Sony (y compris mon employeur),
        de toutes informations ou données personnelles nécessaires à l'administration du Plan.

         

        Sous réserve des exigences légales,
        les informations pourront être conservées après exercice ou annulation de mes Options. Je comprends que je
        peux contacter le Secrétariat du Plan de Stock Options, les Ressources Humaines de la Société, la Sony Corporation
        ou le Service des Ressources Humaines de la Sony Corporation of America (en utilisant les coordonnées qui m’auront
        été communiquées sous pli séparé), si j'ai des questions concernant la présente déclaration.

         

        Je comprends que les informations fournies à
        la Société, aux sociétés du Groupe Sony (y compris mon employeur) et/ou à leurs représentants
        tiers dûment autorisés choisis aux fins d'aider la Société ou les sociétés du Groupe Sony
        à administrer les Options et fournies dans le cadre du Plan, seront utilisées pour l'administration de mes Options
        en vertu du Plan.

         

         

        La Société et/ou les sociétés
        du Groupe Sony (y compris mon employeur) pourront communiquer des informations à d'autres entités (y compris des
        personnes agissant en qualité d'agents de la Société et/ou l'une quelconque des sociétés du
        Groupe Sony) dans le cadre de l'administration du Plan, sous réserve que ces entités préservent la sécurité
        des informations en question.

         

        Pour traiter les informations, la Société
        et/ou les sociétés du Groupe Sony (y compris mon employeur) pourront transmettre les informations à d'autres
        pays qui pourront assurer un niveau de protection obligatoire de ces informations potentiellement différent de celui qui
        prévaut dans mon pays de résidence.

         

        Je comprends que j'ai le droit d'accéder
        à certaines informations que détient le Plan me concernant et que, pour exercer ce droit, je peux contacter le Secrétariat
        du Plan de Stock Options, les Ressources Humaines de la Société, la Sony Corporation ou le Service des Ressources
        Humaines de la Sony Corporation of America (en utilisant les coordonnées qui m’auront été communiquées
        sous pli séparé).

         

        3.(Paiement des Taxes, Charges de Sécurité
        Sociale et Autres Montants)

        J'autorise la Société et les sociétés
        du Groupe Sony (y compris mon employeur) à retenir tout montant ou à prendre toutes mesures qu'elles jugeront nécessaires
        pour honorer toute dette relative aux impôts, aux charges de sécurité sociale et aux autres montants se rapportant
        à ma participation au Plan. Ces mesures pourront comprendre la vente ou la réduction du nombre d'actions de la Société
        (ci-après les « Actions ») à moins qu'en ma qualité de participant au Plan, je n'honore
        la dette moi-même.

         

        4.(Déclarations Fiscales)

        En signant le Contrat d'Attribution, je m'engage
        à :

        (1)effectuer toutes les déclarations
        fiscales personnelles obligatoires sur le territoire où je suis résident fiscal au titre de ce Plan ;

         

        (2)effectuer toutes déclarations ou
        notifications relatives au contrôle des changes concernant les droits que je détiens en vertu du Plan sur le territoire
        où je suis résident assujetti au contrôle des changes ; et à

         

        (3)me conformer à toutes mes obligations
        d'informer mon employeur de mes avoirs en termes de droits relatifs aux Actions (que ces obligations soient basées sur le
        règlement interne de la Société, du Groupe Sony, de mon employeur ou de la législation en vigueur).

         

        5.(Retraites)

        Je comprends et reconnais que cet octroi d'Options
        en ma faveur n'affectera en aucune manière mes droits à la retraite. Aucune contribution supplémentaire ne
        sera faite par la Société ni par aucun autre membre du Groupe Sony (y compris mon employeur) par suite de ma participation
        à ce Plan. Toute retraite que je percevrai ne sera en aucun cas augmentée par ma participation à ce Plan.

         

        6.(Traitement Fiscal)

        Je comprends et accepte que ni la Société
        ni aucun membre du Groupe Sony (y compris mon employeur) n'a prévu de traitement fiscal particulier s'appliquant à
        ces Options. Les Options ne font l'objet d'aucune fiscalité particulière dans aucune juridiction quelle qu'elle soit.
	
        PRINCIPAL TERMS AND CONDITIONS OF THE THIRTY
        FIRST SERIES OF

        STOCK ACQUISITION RIGHTS

        FOR SHARES OF COMMON STOCK OF SONY CORPORATION

         

         

        These terms and conditions of the stock acquisition
        rights shall apply to the Thirty First Series of Stock Acquisition Rights for Shares of Common Stock (hereinafter referred to as
        the “Options”) of Sony Corporation (hereinafter referred to as the “Corporation”) issued on November 19,
        2015 by the Corporation:

         

        1.Number of the Options allocated to
        the Qualified Person (as defined in this Article)

         

        (________ shares may be issued or transferred
        upon the exercise by the person who entered into the Allocation Agreement as defined below in Article 16 (hereinafter referred
        to as the “Qualified Person”) of all Options allocated to the Qualified Person.)

         

         

        2.Aggregate number of Options

         

        11,455 (the maximum number of the shares of the
        Corporation to be issued upon exercise of the Option is 1,145,500)

         

        3.Class and number of shares to be issued
        or transferred upon exercise of each Option

         

        100 shares of common stock of the Corporation
        (hereinafter referred to as the “Common Stock”)

         

         

         

        

        4.Amount
        to be paid per share to be issued or transferred upon exercise of the Options (hereinafter referred to as the “Exercise Price”)

         

        The
Exercise Price is initially US$ 27.51.

         

        Provided,
        however, that if the U.S. dollar amount obtained by dividing the closing price of shares of common stock of the Corporation
        in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on
        the Allotment Date (as defined in Article 6 of this Principal Terms and Conditions (hereinafter referred to as the
        “Conditions”)) (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading
        day) by the average of the exchange rate quotations by a leading commercial bank in Tokyo for selling spot U.S. dollars by
        telegraphic transfer against yen for ten (10) consecutive trading days (excluding days on which there is no Closing Price)
        immediately prior to the Allotment Date (hereinafter referred to as the “Reference Exchange Rate”) (any fraction
        less than one (1) cent arising as a result of such calculation shall be rounded up to the nearest one (1) cent) is higher
        than US$ 27.51, then the amount equal to the U.S. dollar amount obtained by dividing the Closing Price on the Allotment Date by
        the Reference Exchange Rate (any fraction less than one (1) cent arising as a result of such calculation shall be rounded up
        to the nearest one (1) cent) shall be the initial Exercise Price. In this case, the Corporation shall notify such initial
        Exercise Price to the Qualified Person by sending a notice (hereinafter referred to as the “Notice”) on or about
        November 19, 2015. The provisions with respect to the initial Exercise Price in the Notice shall automatically supersede the
        provisions hereto.

         

        5.Period
        during which the Options may be exercised

         

        From and including November 19, 2016, up to and
        including November 18, 2025 (hereinafter referred to as the “Term”). If the last day of such period falls on a holiday
        of the Corporation, the immediately preceding business day shall be the last day of such period. However, exercise of the Options
        is subject to the restrictions provided for in Article 8 of the Conditions.

         

        6.Payment
        in exchange for Options

         

        The Options are issued without payment of any
        consideration to the Corporation.

         

        7.Enrollment
        Date of Options

         

        November 18, 2015

         

        8.Allotment
        Date of Options

         

        November 19, 2015 (hereinafter referred to as
        the “Allotment Date”)

         

        9.Vesting

         

        Notwithstanding Article 4 of the Conditions, the
        Options shall be vested and become exercisable in three approximately equal annual installments beginning on the first anniversary
        of the date of the grant.

         

        10.Conditions
        for Exercise of Options

         

        (1)No Option may be exercised in part.

         

         

        (2)In the event of a resolution being passed
        at a general meeting of shareholders of the Corporation for an agreement for any consolidation, amalgamation or merger (other than
        a consolidation, amalgamation or merger in which the Corporation is the continuing corporation), or in the event of a resolution
        being passed at a general meeting of shareholders of the Corporation (or, where a resolution of a general meeting of shareholders
        is not necessary, at a meeting of the Board of Directors of the Corporation) for any agreement for share exchange (kabushiki-kokan)
        or any plan for share transfer (kabushiki-iten) pursuant to which the Corporation is to become a wholly-owned subsidiary of another
        corporation, the Options may not be exercised on and after the effective date of such consolidation, amalgamation or merger, such
        share exchange (kabushiki-kokan), or such share transfer (kabushiki-iten).

         

        (3)In case that the Qualified Person forfeits
        either status as a director, corporate executive officer or employee of the Corporation or of the Sony Group Companies by falling
        under any of the following items, the exercise of the Options shall be subject to the restrictions provided for in such following
        item; provided, however, that in no case may any Options be exercised after the Terms set forth in Article 4 of the Conditions.

         

         

        (i) If the Qualified Person is subject to punitive
        dismissal or resignation under instruction pursuant to the rules of employment of the Corporation or of the Sony Group Companies
        or removed from office:

        

        The Qualified Person may not exercise the Options on and after the day on which he/she forfeits the status as a director, corporate
        executive officer or employee of the Corporation or of the Sony Group Companies (hereinafter referred to as the “Status Forfeit
        Date”);

         

        (ii) If the Qualified Person ceases to be a
        director, corporate executive officer or employee of the Corporation or of the Sony Group Companies due to his/her death:

        

        Subject to the provision of Article 9, Paragraph (2) of the Conditions, the heir of the Qualified Person may exercise the Options
        which are exercisable pursuant to Article 7 as of the Status Forfeit Date (hereinafter referred to as the “Exercisable Options”)
        until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit Date
        (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day shall
        be the last day of such period), but may not exercise the Options which are not exercisable pursuant to Article 7 as of the Status
        Forfeit Date (hereinafter referred to as the “Unexercisable Options”) on and after the Status Forfeit Date; provided,
        however, that if the Corporation allows the heir of the Qualified Person to exercise the Unexercisable Options, all of the Unexercisable
        Options shall become exercisable on the Status Forfeit Date (or the Commencement Date of Exercisable Period, if the Status Forfeit
        Date falls on a day before the Commencement Date of Exercisable Period) and the heir of the Qualified Person may exercise the Unexercisable
        Options until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
        Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
        shall be the last day of such period) subject to the provision of Article 9, Paragraph (2) of the Conditions; and

         

         

         

         

        (iii) If the Qualified Person forfeits the
        status as a director, corporate executive officer or employee of the Corporation or of the Sony Group Companies due to any other
        events:

        

        

        The Qualified Person may exercise the Exercisable
        Options until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
        Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
        shall be the last day of such period), but may not exercise the Unexercisable Options on and after the Status Forfeit Date; provided,
        however, that if the Corporation allows the Qualified Person to exercise the Unexercisable Options, all of the Unexercisable Options
        shall become exercisable on the Status Forfeit Date (or the Commencement Date of Exercisable Period, if the Status Forfeit Date
        falls on a day before the Commencement Date of Exercisable Period) and the Qualified Person may exercise the Unexercisable Options
        until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit Date
        (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day shall
        be the last day of such period).

         

         

         

        (4)The Qualified Person may not exercise the
        Options in any of the following cases:

         

        (i) If the Qualified Person works for a competitor
        of the Corporation or of the Sony Group Companies as such competitor’s officer, employee or consultant, and any of the designated
        Representative Corporate Executive Officer(s) of the Corporation determines not to permit the exercise by such Qualified Person
        of the Options allocated to such Qualified Person.

         

        (ii) If the Qualified Person is regarded by
        the Corporation to have performed any act of disloyalty against the Corporation or the Sony Group Companies.

         

        (iii) If the Qualified Person violates any
        provision of the Agreement.

         

        (5)The Qualified Person is not authorized
        to transfer, pledge or otherwise dispose of all or part of the Options.

         

         

        (6)Exercise of the Options are further
        subject to any restriction on trading set forth under Sony Corporation of America’s Policy Regarding Securities Trading or
        any other similar policy maintained by Sony group companies (hereinafter referred to as the “Sony Group Companies”)
        and applicable to the Qualified Person, as in effect from time to time.

         

        11.Prohibition of Disposition

         

        (1)Except as provided in Paragraph (2)
        below, the Options, whether vested or unvested, are nontransferable by the Qualified Person.

         

        (2)Upon the death of the Qualified Person,
        outstanding Options that are vested and exercisable and granted to such Qualified Person may be exercised only by the executors
        or administrators of the Qualified Person’s estate or by any person or persons who shall have acquired such right to exercise
        by will or by the laws of descent and distribution, provided that no transfer by will or the laws of descent and distribution of
        any Option, or the right to exercise any Option, shall be effective to bind the Corporation unless the Corporation shall have been
        furnished with (a) a written notice thereof and a copy of the will and/or such evidence as the Corporation may deem necessary to
        establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms and conditions of the
        Options that are or would have been applicable to the Qualified Person (other than any terms and conditions relating to employment
        with the Corporation or one of its subsidiaries) and to be bound by the acknowledgements made by the Qualified Person in connection
        with the grant of the Options. Options that are not vested and exercisable at the death of the Qualified Person will terminate.

         

        12.Repurchase/Purchase
        of Options

         

        Mandatory repurchase of the Options is not
        applicable. In addition, in no circumstances shall any Qualified Person request the Corporation to purchase the Options held by
        him/her.

         

        13.Restrictions
        on Acquisition of Options through Transfer

         

         

        The Options cannot be acquired through transfer
        (other than any transfer of Options that are vested and exercisable upon the death of a holder of the Options to such holder’s
        estate or beneficiaries), unless such acquisition is expressly approved by the Board of Directors of the Corporation.

         

         

        14.Place
        where Applications for Exercise of Options are Made

         

        Sony Corporation of America, Human Resources,
        or its duly authorized designee

         

         

        15.Payment
        Handling Place on Exercise of Options

         

        Sumitomo Mitsui Banking Corporation, Head Office
        (or any successor bank of such bank from time to time and/or any successor office of such office)

         

        16.Issuance of ADRs

         

         

        The Corporation currently maintains an American
        Depositary Receipt program in the United States pursuant to which American Depositary Receipts or “ADRs” represent
        shares of common stock of the Corporation. During the time the Corporation maintains an American Depositary Receipt program in
        the United States, the Qualified Persons who exercise the Options will generally receive ADRs in lieu of shares of common stock
        of the Corporation as follows. Upon exercise of an Option, shares of common stock of the Corporation acquired upon the exercise
        of such Option shall be issued in the name of the depositary or its nominee under the Sony American Depositary Receipt Program
        for the benefit of the Qualified Person. Upon receipt of shares of common stock of the Corporation upon the exercise of an Option,
        the depositary under the Sony American Depositary Receipt Program shall immediately and automatically issue ADRs representing such
        shares of common stock of the Corporation in the name of the applicable Qualified Person and shall deliver such ADRs to such Qualified
        Person (or to an account held for the benefit of such Qualified Person) as soon as practicable following the effective date on
        which such issuance occurs. For simplicity, all references in the Allocation Agreement (as defined below in Article 16 of the Conditions)
        and the Conditions to shares of common stock of the Corporation will be deemed to also refer to ADRs.

         

        17.Treatment in Event of Corporate Transaction

         

        (1)In the event of any corporate transaction
        excluding (a) a consolidation, amalgamation or merger in which the Corporation is not the continuing corporation, or (b) share
        exchange (kabushiki-kokan) or share transfer (kabushiki-iten) pursuant to which the Corporation is to become a wholly-owned subsidiary
        of another corporation involving the Corporation, including a dissolution or liquidation of the Corporation, a sale of all or substantially
        all of the Corporation’s assets, a corporate split, or any other similar transaction, the Corporation may (x) cause the entity
        resulting from such transaction to execute an agreement providing that a holder of the Options shall have the right during the
        Term and upon the exercise of the Options to receive the class and amount of shares and other securities and property receivable
        upon such transaction by a holder of the number of shares in respect of which the Options could have been exercised immediately
        prior to such transaction or (y) prevent from being exercised, effective immediately upon the occurrence of such transaction, each
        Option outstanding immediately prior to such transaction (whether or not then exercisable).

         

        (2)In the event that the Corporation enters
        into a definitive agreement or makes a decision by board resolution or by shareholder approval at the shareholders’ meeting
        to effectuate one or more of the transactions or events described in the immediately preceding paragraph, the Corporation may provide
        not less than twenty days advance notice to the Qualified Person from the consummation of such transaction or event and give the
        Qualified Person the opportunity to exercise their Options (whether or not such Options are then vested or exercisable), immediately
        prior to, and subject to, the consummation of such transaction or event.

         

         

         

        18.Condition Subsequent of the Allocation
        Agreement with the Qualified Person

         

        The agreement concerning the allocation of
        the Stock Acquisition Rights of Sony Corporation for the Fiscal Year 2015 between the Qualified Person and the Corporation dated
        November 18, 2015 (hereinafter referred to as the “Allocation Agreement”), shall terminate, automatically, without
        any procedures being taken, in the event that the Qualified Person is not the position of director, corporate executive officer,
        or employee of the Corporation or of the Sony Group Companies on the Allotment Date.

         

        19.Matters
        concerning the Amount of Capital and the Additional Paid-in Capital Increased by the Issuance of Shares upon Exercise of Options

         

         

        (1)The amount of capital increased by the
        issuance of shares upon exercise of the Options shall be the amount obtained by multiplying the maximum limit of capital increase,
        as calculated in accordance with the provisions of Paragraph 1, Article 17 of the Company Accounting Ordinance of Japan, by 0.5,
        and any fraction less than one (1) yen arising as a result of such calculation shall be rounded up to the nearest one (1) yen.

         

         

        (2)The amount of additional paid-in capital
        increased by the issuance of shares upon exercise of the Options shall be the amount obtained by deducting the capital to be increased,
        as provided in (1) above, from the maximum limit of capital increase, as also provided in (1) above.

         

        20.Representations, Warranties, Covenants
        and Confirmations

         

        The Qualified Person shall represent, warrant,
        covenant and confirm the matters set forth in the Exhibit hereto.

         

         

        21.Construction

         

        Nothing herein or the Allocation Agreement
        shall be construed to give the Qualified Person any right or entitlement to receive options to purchase common stock of the Corporation
        in the future from the Corporation or any of its subsidiaries. Nothing contained herein or the Allocation Agreement shall confer
        upon the Qualified Person any right to continue in the employment of the Corporation or any of its subsidiaries or constitute any
        contract or agreement of employment or interfere in any way with the right of the Corporation or its subsidiaries to reduce or
        modify a Qualified Person’s compensation in existence at the time of the granting of any Option or otherwise, or to terminate
        a Qualified Person’s employment or change the Qualified Person’s position or the terms of employment with or without
        cause. Nothing contained herein or the Allocation Agreement shall prevent the Corporation from, and the Corporation expressly reserves
        the right to, modify the terms and conditions of options to purchase common stock of the Corporation, if any, that are or may be
        granted in the future.

         

         

         

         

        Exhibit

         

        REPRESENTATIONS AND WARRANTIES FOR NON-US PARTICIPANTS

         

        The Qualified Person confirms the following
        matters pursuant to Article 17 of the Conditions.

         

        1.(Employment Contract)

        I understand that nothing in the Sony Corporation
        Stock Acquisition Rights Plan (the “Plan”) terms form part of my employment contract, unless my employment contract
        expressly states otherwise. Participation in the Plan does not create any right to continued employment.

         

        I understand that neither the participation in
        the Plan nor the grant of an Option creates any rights to participate in the Plan or to be granted any stock acquisition right,
        Option or award in the future. The Plan may cease to be operated in the future although any existing Options granted under the
        Plan will continue in accordance with the Allocation Agreement, Exhibits to the Allocation Agreement, and the Terms and Conditions.

         

        I understand that I have no claim or right of
        action in respect of any decision, omission or discretion which may operate to my disadvantage even if it is unreasonable, irrational
        or might otherwise be regarded as being in breach of any duty, except as set out in the relevant Plan documentation.

         

         

         

        I understand I have no right to compensation for
        any loss in relation to the Plan, including any loss in relation to:

        ·        
        a reduction of rights or expectations under the Plan in any circumstances
        (including lawful or unlawful termination of employment);

         

        ·        
        any exercise of a discretion or a decision taken in relation to an
        award or to the Plan, or any failure to exercise a discretion or take a decision; and

         

        ·        
        the operation, suspension, termination or amendment of the Plan.

         

        I understand that as the grant by the Corporation
        is entirely discretionary, the benefits and rights acquired under the Plan do not constitute “base salary” or other
        regular employment earnings and that nothing in the rules or operation of the Plan forms part of my contract of employment or employment
        relationship, which rights are separate from and not affected by, the Plan. I understand and agree that under no circumstances
        will the benefits derived from the Plan be included as part of my employment earnings for purposes of calculating any of the Corporation’s
        and/or the Sony group companies’ (including my employer) obligations to me for bonus, retirement, severance, or any other
        such payments.

         

         

         

        2.(Data Protection)

        I consent to the collection, use and disclosure
        by the Corporation and/or companies in the Sony group (including my employer) of any personal information or data necessary for
        the administration of the Plan.

         

        Subject to legislative requirements, the information
        may be retained after my Options are exercised or cancelled. I understand that I can contact the Secretariat of the Stock Option
        Plan, Corporate Human Resources, Sony Corporation or the Human Resources Department of Sony Corporation of America (in accordance
        with the contact information provided to me under separate cover), if I have any queries in respect of this statement.

         

         

        I understand that the information provided to
        the Corporation, the companies in the Sony group (including my employer), and/or to their duly authorized third party designee(s)
        retained for the purpose of assisting the Corporation or the Sony group companies with administration of the Options and provided
        in relation to the Plan will be used in relation to the administration of my Options under the Plan.

         

        The Corporation and/or any of the companies in
        the Sony group (including my employer) may give information to others (including people acting as agents of the Corporation and/or
        any of the companies in the Sony group) in connection with the administration of the Plan on the understanding that they will keep
        the information secure.

         

         

        In order to process the information the Corporation
        and/or companies in the Sony group (including my employer) may transfer the information to other countries that may have a different
        level of statutory protection for my information than in my home country.

         

         

        I understand that I have a right to access certain
        information that the Plan holds about me and in order to exercise this right, I can contact the Secretariat of the Stock Option
        Plan, Corporate Human Resources, Sony Corporation or the Human Resources Department of Sony Corporation of America (in accordance
        with the contact information provided to me under separate cover).

         

        3.(Payment of Tax, Social Security or
        Other Amounts)

        I authorize the Corporation and companies in the
        Sony group (including my employer) to withhold any amounts or make such arrangements as they consider necessary to meet any liability
        due to taxation, social security or other amounts in respect of my participation in the Plan. These arrangements may include the
        sale or reduction in number of any shares of the Corporation (hereinafter referred to as the “Shares”) unless I, as
        the participant in the Plan, discharge the liability myself.

         

        4.(Tax Filings)

        By signing the Allocation Agreement, I agree to:

        (1)make all neccessary personal tax filings
        in the territory where I am tax resident in relation to this Plan;

         

         

        (2)make any required foreign exchange filings
        or notifications in relation to my holding of rights under the Plan in the territory where I am foreign exchange resident; and

         

         

        (3)comply with any requirements to notify
        my employer of my interests in rights relating to the Shares (whether these requirements are based on the internal rules of the
        Corporation, the Sony group, my employer or applicable law).

         

         

        5.(Pensions)

        I understand and agree that this grant of Options
        to me will not affect my pension rights in any way. No additional contributions will be made by the Corporation or by any other
        member of the Sony group (including my employer) as a result of my participation in this Plan. Any pension I may receive will not
        be increased by my participation in this Plan.

         

        6.(Tax Treatment)

        I understand and agree that neither the Corporation
        nor any member of the Sony group (including my employer) has arranged for any special tax treatment to apply to these Options.
        The Options are not tax qualified in any jurisdiction.]