SONY CORP S-8


Exhibit
4.2


 


(41st Series Non-US Participants)


 


AGREEMENT CONCERNING


ALLOCATION OF THE STOCK ACQUISITION
RIGHTS


OF SONY CORPORATION


FOR THE FISCAL YEAR 2019


 


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 102nd Ordinary General Meeting of Shareholders held on June 18, 2019 and the resolution adopted
at the meeting of the Board of Directors held on October 30, 2019:


 


	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
20, 2019 (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 20,
2020, to and including November 19, 2029 (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, the applications
for exercise of the Option must be made by November 10, 2029 and exercise of the Options is further 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


 



    - 2 -


     


    

 


		(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.


 


	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.


 



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	Article 8	(Issuance of ADRs)




 


1.       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 the
listing of ADRs on a stock exchange 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.


 


2.       Notwithstanding
the immediately preceding Paragraph, if the Corporation determines to delist ADRs from a stock exchange in the United States, the
Qualified Persons who exercise the Options will receive shares of common stock of the Corporation, and the Qualified Persons shall
not raise any objections to such handling.


 


	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.


 



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	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, 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.


 



    - 5 -


     


    

 


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.


 


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.



 



    - 6 -


     


    

 


	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.


 


	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.


 



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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:	 
	 	 	Kenichiro Yoshida
	 	 	President and Chief Executive
Officer,
	 	 	Representative Corporate Executive
Officer
	 	 	Date:     November 19, 2019



 


	 	QUALIFIED PERSON
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	 
	 	 	Address:
	 	 	Date:     November 19, 2019


 






    	 	- 8 -	 



     


    

 


 


 


 


 




 


 


(41st Series U.S. Participants)


 


AGREEMENT CONCERNING


ALLOCATION OF THE STOCK ACQUISITION RIGHTS



OF SONY CORPORATION


FOR THE FISCAL YEAR 2019


 


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 102nd Ordinary General Meeting of Shareholders held on June 18, 2019 and the resolution adopted
at the meeting of the Board of Directors held on October 30, 2019:


 


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
20, 2019 (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 20, 2020,
to and including November 19, 2029 (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, the applications
for exercise of the Option must be made by November 10, 2029 and exercise of the Options is further 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


 


 



    - 2 -


     


     


	 	(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.


 


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.


 


 



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Article 8      
    (Issuance of ADRs)


 


1.          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 the
listing of ADRs on a stock exchange 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.


 


2.          Notwithstanding
the immediately preceding Paragraph, if the Corporation determines to delist ADRs from a stock exchange in the United States, the
Qualified Persons who exercise the Options will receive shares of common stock of the Corporation, and the Qualified Persons shall
not raise any objections to such handling.


 


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, 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.


 


 



    - 5 -


     


     


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.


 


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.


 


 



    - 6 -


     


     


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.


 


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:	 
	 	 	Kenichiro Yoshida
	 	 	President and Chief Executive Officer,
	 	 	Representative Corporate Executive Officer
	 	 	Date:     November 19, 2019


 


 


	 	QUALIFIED PERSON
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	 
	 	 	Address:
	 	 	Date:     November 19, 2019


 






    	 	- 8 -	 



     


    

 


 





 


 


 

 


Exhibit 1


 


TERMS AND CONDITIONS OF THE FORTY-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 Forty-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 20, 2019 by the Corporation in accordance with the special resolution adopted at the 102nd Ordinary General Meeting
of Shareholders held on June 18, 2019 and the resolution adopted at the meeting of the Board of Directors held on October 30, 2019:


 


	 	1.	Aggregate Number of Options


 


15,995


 


	 	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 1,599,500 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 20, 2019 (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 2019 dated November 19, 2019.


 


	 	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 20,
2020, up to and including November 19, 2029. 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


     


     


	 	(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).


 


	 	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$ ●.


 


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 2019
dated November 19, 2019) (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$ ●, 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 20, 2019. The provisions with respect
to the initial Exercise Price in the Notice shall automatically supersede the provisions in this Exhibit 2.


 






    	 	5	 



     


    

 


 





 


 




 


Exhibit 3


 


VESTING AND TERMINATION PROVISIONS


 


	Article 5	(Vesting; Conditions for Exercise of the Options)


 


(a)       Definitions.
Solely for purposes of this Article 5, the following terms shall have the following meanings:


 


“Cause,”
when used in connection with the Termination of Employment of a Qualified Person with a member of the Sony Group, means (i) commission
by the Qualified Person of a felony, a crime of moral turpitude or any crime involving any member of the Sony Group, their affiliates
or subsidiaries, (ii) the Qualified Person engaging in willful misconduct, willful or gross neglect, fraud, misappropriation or
embezzlement in the performance of the Qualified Person’s duties, or (iii) failure by the Qualified Person to adhere to the
directions of the Board or the governing board of the Qualified Person’s employer (if different than the Board) or to the
Corporation’s or the employer’s policies and practices, including but not limited to the code of conduct and the Policy
Regarding Securities Trading.


 


“Disability,”
when used in connection with the Termination of Employment of a Qualified Person with a member of the Sony Group, means a physical
or mental condition that entitles the Qualified Person to benefits under a long-term disability policy maintained by any member
of the Sony Group and applicable to him.


 


“Retirement”
means, with respect to a Qualified Person’s Termination of Employment with a member of the Sony Group, termination other
than for Cause at or after age 55, provided that the Qualified Person has at least 10 years of service with the Sony Group immediately
prior to such termination, or at or after attaining the age of 65 regardless of his or her years of service.


 


“Sony Group” means Sony Corporation
and its subsidiaries and affiliates.


 


“Subsidiary”
means, with respect to any entity, a subsidiary of such entity that meets the definition of a “subsidiary corporation”
in Section 424(f) of the Code.


 


“Termination Date”
means, with respect to a Qualified Person, the actual date the Qualified Person’s employment with the Sony Group terminates.


 


“Termination of
Employment” means a Qualified Person’s separation from service with the Sony Group as determined by the Sony Group
in its sole and absolute judgment.


 


(b)       Vesting. Subject
to the Qualified Person’s continuous employment with the Sony Group, the Options shall vest and become exercisable in three
approximately equal annual installments beginning on the first anniversary of the date of grant (each such date, a “Vesting
Date”). In the event that the Qualified Person experiences a Termination of Employment with the Sony Group at any time,
vesting of the Options held by such Qualified Person shall immediately cease and no Options held by such Qualified Person shall
vest on or after the Termination Date except as follows:


If the Qualified Person experiences a Termination of Employment
with the Sony Group for any reason other than (i) Cause, (ii) voluntary resignation or (iii) death, then the Corporation may, in
its sole discretion, allow for the vesting of all or a portion of the Qualified Person’s unvested Options as of the Qualified
Person’s Termination Date.


 


 



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(c)       Expiration of Options
upon Termination of Employment. Except as expressly set forth in the following chart, all Options, whether or not vested, that
are held by a Qualified Person shall terminate and be immediately cancelled as of his or her Termination Date without the payment
by the Corporation of any consideration therefore.


 


	Reason for Termination of Qualified 

Person’s Employment with the Sony 

Group	Consequence 
	
        Qualified Person’s Termination of Employment with the Sony
        Group is without Cause

         

        OR

         

        Qualified Person’s Termination of Employment with the Sony
        Group is as a result of his or her Retirement, death or Disability

         
	All vested Options will remain outstanding until the earlier to occur of (a) the first anniversary of the Termination Date and (b) the expiration of the Options.
	Qualified Person’s Termination of Employment with the Sony Group is as a result of his or her voluntary resignation	All vested Options will remain outstanding until the earlier to occur of (a) ninety days following the Termination Date and (b) the expiration of the Options.


 






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(41st Series Participants in China)


 


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 2019 (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, 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, 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, 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 three (3) month period commencing on the date immediately following the Status Forfeit Date (if the last day of
this three (3) month 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 three (3) month commencing on the date immediately following the Status Forfeit
Date (if the last day of this three (3) month 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, 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 three (3) month period commencing on the date immediately following
the Status Forfeit Date (if the last day of this three (3) month 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 three (3) month period commencing on the date immediately following
the Status Forfeit Date (if the last day of this three (3) month 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 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 2019 (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, 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, 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, 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, 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).


 


 



    2 


     


     


[Italy:


 


I understand that the conferral
of the information is optional and even if I refuse the conferral of the information, this refusal brings me no disadvantage. I
also understand that I have a right to object, in whole or in part, to the processing of the information.]


 


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.


 


 



    3 


     


     


[European Union:


 


This offer is being made to the Qualified Person
as part of the Plan in order to provide an additional incentive and to encourage employee share ownership and to increase your
interest in the success of the Corporation . The company offering these rights is the Corporation. The shares which are the subject
of these rights are new common stock in the Corporation. More information in relation to the Corporation including the share price
can be found at the following web address: www.sony.com.


 


The obligation to publish a prospectus does
not apply because of Article 1(4)(i) of the EU Prospectus Regulation. The total maximum number of shares which are the subject
of this offer is 1,599,500.]


 


[Argentina: 


 


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.


 


The Qualified Person agrees that the Allocation
Agreement is drawn up in English.]


 


[Australia: 


 


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 Allocation Agreement. By way of example only, if the Allotment Date was the date of the offer of the Options under the Agreement (being November 19, 2019), 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 19, 2019).


 


	 	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).


 


 



    4 


     


     


	 	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 Allocation Agreement.]


 


[Belgium:


 


The Qualified Person agrees that the Allocation
Agreement is drawn up in English.]


 


[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.]


 


[Chile:


 


The offer to participate in the Plan is made to
you as an employee of SONY CHILE LTDA and is only directed at the individuals to whom the offer is specifically addressed. The
offer is a private offer subject to Norma de Carácter General 336 (General Regulation 336) of the Superintendencia de Valores
y Seguros (Chilean Securities and Insurance Commission or ‘SVS’).


 


 



    5 


     


     


Please note that the company, the Plan or the
securities offered under the Plan are not registered in the Registro de Valores (Securities Registry) or in the Registro de Valores
Extranjeros (Foreign Securities Registry) maintained by the SVS, nor are they subject to the supervision or control of the SVS.
If such securities are offered within Chile, they will be offered and sold only pursuant to General Regulation 336 of the SVS,
an exemption to the registration requirements, or in circumstances which do not constitute a public offer of securities in Chile
within the meaning of Article 4 of the Chilean Securities Market Law 18,045. The issuer is not obliged under Chilean law to disclose
or deliver any public information regarding the securities in Chile. The securities may not be publicly offered in Chile unless
they are registered in the corresponding securities registry. The offer start date is included in the plan documents provided to
you in respect of this specific award.


 


La oferta a participar en el Plan se ha hecho
a usted como empleado de SONY CHILE LTDA.


 


y va destinada sólo a las personas a las
que la oferta va dirigida específicamente. La oferta es una oferta privada sujeta a la Norma de Carácter General
No336 de la Superintendencia de Valores y Seguros (“SVS”). Tenga en cuenta que la empresa, el Plan y los valores
ofrecidos bajo el Plan no han sido registrados en el Registro de Valores o en el Registro de Valores Extranjeros mantenido por
la SVS, ni están sujetos a la supervisión ni control de la SVS. Si dichos valores son ofrecidos dentro de Chile,
serán ofrecidos y colocados sólo de acuerdo a la Norma de Carácter General 336 de la SVS, una excepción
a la obligación de registro, o en circunstancias que no constituyan una oferta pública de valores en Chile según
lo definido por el Artículo 4 de la Ley 18.045 de Mercado de Valores de Chile. El emisor no está obligado bajo la
ley chilena a revelar o proporcionar ninguna información pública en relación con los valores en Chile. Los
valores no pueden ser ofrecidos públicamente en Chile a no ser que se registren en el registro de valores correspondiente.
La fecha de inicio de la oferta está incluida en los documentos del plan relativos al premio específico, entregados
a usted.]


 


[Denmark:





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


 


Aftale Vedrørende
Tildeling af Aktieoptioner i Sony Corporation for Regnskabsåret 2019 (“Tildelingsaftalen”) er indgået mellem
Sony Corporation og modtageren (den “Kvalificerede Person”) pr 19. november 2019 Datoen for tildelingen af Optionerne
er den 20. november 2019.


 


	 	1	The 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 2019 (the “Allocation Agreement”)
is entered into between Sony Corporation and the grantee (the “Qualified Person”) as of November 19, 2019. The date
of the grant of the Options is November 20, 2019.


 



    6 


     


     


 


	 	2	Kriterier eller betingelser for tildelingen


 


Optioner tildeles direktionsmedlemmer og medarbejdere
udvalgt af Sony Corporation (“Selskabet”), som underskriver Tildelingsaftalen af 19. november 2019.


 


	 	3	Udnyttelsestidspunktet 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.


 


	 	4	Tegningskursen eller information om hvorledes tegningskursen fastsættes    


 


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


 


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 20. november 2019 (“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$ ●, 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 20. november 2019.


 


	 	2	The 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
19, 2019.  


 




	 	3	The 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.
 


 


	 	4	The 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$ ●.


 


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 20, 2019 (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$ ●, 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 20, 2019.


 



    7 


     


     


 


	 	5	Medarbejderens 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:


 


	 	5	The 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, 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, 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, officer or employee of the Corporation or of the Sony Group Companies due to his/her death:


 


 



    8 


     


     


 


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).


 


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, 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).


 



    9 


     


     


 


(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.


 


	 	6	Økonomiske 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.


 


(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.


 


	 	6	The 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.]


 


 



    10 


     


     


[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.]


 


 



    11 


     


     


[New Zealand:


 


This is an offer of the Options. The Options
give you a stake in the ownership of the Company. You may receive a return if dividends are paid.


 


If the Company runs into financial difficulties
and is wound-up, you will be paid only after all creditors and holders of preference shares have been paid. You may lose some or
all of your investment.


 


New Zealand law normally requires people who
offer financial products to give information to investors before they invest. This information is designed to help investors to
make an informed decision.


 


The usual rules do not apply to this offer
because it is made under an employee share purchase scheme. As a result, you may not be given all the information usually required.
You will also have fewer other legal protections for this investment.


 


Ask questions, read all documents carefully
and seek independent financial advice before committing yourself.


 


The trading market for the investment is likely
to be limited and you may not be able to sell it.


 


[Singapore:


 


The Qualified Person acknowledges that this
document has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this document and any other
document or material in connection with the offer or sale, or invitation for subscription or purchase of the Options may not be
circulated or distributed, nor may the Options be offered or sold, or be made the subject of an invitation for subscription or
purchase, whether directly or indirectly, to persons in Singapore other than pursuant to, and in accordance with the conditions
of, an exemption under any provision (other than Section 280) of Subdivision (4) of Division 1 of Part XIII of the Securities and
Futures Act, Chapter 289 of Singapore.


 


The shares of common stock are prescribed capital
markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment
Products (as defined in MAS Notices SFA 04-N12 and FAA-N16).]


 



    12 


     


     


[France:


 


[and (in case there is grantee(s) in Quebec)
Canada]


 


 


PRINCIPALES MODALITES DE LA QUARANTE PREMIÈRE
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 Quarante Premier Série d’Options d’Achat
d’Actions Ordinaires (ci-après les « Options ») de la Sony Corporation (ci-après la « Société
») émis le 20 novembre 2019 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


 


15,995(le nombre maximum d’actions de la Société
pouvant être émises lors de l’exercice de l’Option est de 1,599,500)


 


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 ● US$.


 


PRINCIPAL TERMS
AND CONDITIONS OF THE FORTY FIRSTSERIES 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 Forty 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 20,
2019 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


 


15,995 (the maximum number of the shares
of the Corporation to be issued upon exercise of the Option is 1,599,500)


 


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$ ●.



    13 


     


     


 


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 ● 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, 20 novembre 2019. 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 20 novembre 2020 inclus, jusqu’au 19 novembre
2029 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, les demandes d’exercice de l’Option doivent être déposées
avant le 10 novembre 2029 et de plus l’exercice des Options est assujetti aux restrictions prévues à l’Article
8 des Conditions.





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$ ●, 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 20,
2019. 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 20, 2020, up to and including November
19, 2029 (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, the applications for exercise of the Option
must be made by November 10, 2029 and exercise of the Options is further subject to the restrictions provided for in Article 8
of the Conditions.


 



    14 


     


     


 


6.          Paiement
contre Options


 


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


 


7.          Date
d’Enregistrement des Options


 


19 novembre 2019


 


8.          Date
d’Attribution des Options


 


20 novembre 2019 (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).





6.    
     Payment in exchange for Options


 


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


 


7.          Enrollment
Date of Options


 


November 19, 2019


 


8.     
    Allotment Date of Options


 


November 20, 2019 (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).


 



    15 


     


     


 


(3)       Si la Personne Qualifiée
renonce à l’un des statuts suivants : administrateur, CEO (Corporate Executive Officer), directeur 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, directeur 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, directeur 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


 


(3)       In case that the Qualified
Person forfeits either status as a director, corporate executive officer, 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, 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, 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


 



    16 


     


     


 


(iii) Si la Personne Qualifiée renonce
au statut d’administrateur, de CEO, directeur 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).





(iii) If the Qualified Person forfeits the
status as a director, corporate executive officer, 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).


 



    17 


     


     


 


(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.


 


(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.


 



    18 


     


     


 


(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





(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


 



    19 


     


     


 


	 	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)


 


(1)       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 la cotation en bourse desADR 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.


 


(2)       Nonobstant l’Alinéa
qui précède, si la Société décide de radier les ADR aux Etats-Unis, les Personnes Qualifiées
exerçant les Options recevront des actions ordinaires de la Société et les Personnes Qualifiées ne
peuvent pas soulever d’objections à l’encontre d’un tel traitement.





	 	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


 


(1)       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 the
listing of ADRs on a stock exchange 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.


 


(2)       Notwithstanding
the immediately preceding Paragraph, if the Corporation determines to delist ADRs from a stock exchange in the United States, the
Qualified Persons who exercise the Options will receive shares of common stock of the Corporation, and the Qualified Persons shall
not raise any objections to such handling.


 



    20 


     


     


 


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.





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.


 



    21 


     


     


 


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 2019 conclu entre la Personne
Qualifiée et la Société en date du 19 novembre 2019 (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, directeur 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.





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 2019 between the Qualified Person and the Corporation dated
November 19, 2019 (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,
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.


 



    22 


     


     


 


	 	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.


 


	 	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.


 



    23 


     


     


 


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.





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.


 



    24 


     


     


 


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).





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).


 



    25 


     


     


 


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).


 


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).


 



    26 


     


     


 


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.


 


[China:


合格参与计划人员理解并同意,在Sony
Corporation通知其中国的外汇登记所需手续已完成之前,其不可行使股票期权。


 


 


合格参与计划人员确认其认可并理解下述事项。


 


1(i)股权激励计划项下可行使的股票期权本质上是外国的股票期权,不适用中华人民共和国的证券法律法规;(ii)股权激励计划项下的股票期权的授予、赋权、行使及任何其它处分均不得以任何方式被解释为在中国境内公开发行证券;(iii)如果中华人民共和国的任何证券法律法规将予适用,则Sony
Corporation有权对股权激励计划的任何部分或股票期权进行必要的变更或修改,以使其符合所适用的中华人民共和国的证券法律法规。


 


 


2
Sony Corporation和/或索尼集团公司可以根据所适用的法律之要求扣缴合格参与计划人员在中华人民共和国的相关个人所得税。





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.] 


 





The Qualified Person understands and agrees
that he/she may not exercise the Options until and unless Sony Corporation notifies him/her that the necessary procedure for foreign
exchange registration in China is completed.


 


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


 





1 (i) The options available under the Plan are foreign in nature
and are not subject to the PRC securities laws and regulations; (ii) the grant, vesting, exercise and any other disposal of the
Options under the Plan shall not in any manner be construed as a public offering of securities within the territory of China; (iii)
if any PRC securities laws or regulations is to apply, the Corporation is entitled to make necessary changes or modifications to
any part of the Plan or the Options so as to be in complaint with the applicable PRC securities laws and regulations.





 


2 The Corporation and/or Sony Group Companies
may withhold relevant PRC individual income tax of the Qualified Person as required by applicable laws.


 


 


 



    27 


     


     


 


3  通过签订分配协议,本人同意:(i)股权激励计划与本人和本人雇主之间的劳动关系无关且并不影响该等劳动关系,股票期权不构成本人工资或薪金的任何部分;以及(ii)本人参与该计划可能存在风险,包括但不限于股票期权的不可流动性以及可适用的市场价格的波动性。


 


3 By signing the Allocation Agreement, I agree
that: (i) the Plan has nothing to do with or affect my employment relationship with my employer and the option does not constitute
any of my wages or salaries; and (ii) risks may exist for my participation of such Plan, including but not limited to the non-transferability
of the Options and the volatility of the applicable market price.


 


 



    28