Document:

Second Extension Agreement

 Exhibit 10.1 
 SECOND EXTENSION AGREEMENT, as of January 1, 2012 (the “Second Extension Agreement”), between News America Incorporated, a Delaware corporation (“NAI”), and Arthur M.
Siskind (the “Executive”), extending the RESTATED EMPLOYMENT AGREEMENT, dated January 1, 2005 (the “Restated Agreement”) between NAI and the Executive and the EXTENSION AGREEMENT, dated April 17, 2008, between NAI and
the Executive. 
 WHEREAS, under the terms of the Extension Agreement the Executive’s employment is to terminate on
December 31, 2011, and NAI and the Executive desire to extend the term of Executive’s employment for a one-year term commencing on January 1, 2012 and ending on December 31, 2012 (the “Second Extended Term”); and

 WHEREAS, NAI and Executive desire to enter into the Second Extension Agreement for the purpose of setting forth the
applicable terms and conditions of Executive’s employment by NAI during the Second Extended Term. 
 NOW, THEREFORE,
in consideration of the promises and mutual agreements hereinafter contained, the parties hereto agree as follows: 

WHEREAS, the Company and the Executive desire to enter into this Second Extension Agreement for the purpose of setting forth the
applicable terms and conditions of Executive’s employment by NAI during the Second Extended Term. 
  

	 	A.	Term. “Term of Employment” as used herein shall mean the Second Extended Term; provided, however, if the Term of Employment is terminated
earlier than December 31, 2012 as provided for herein or in the terms of the Restated Agreement or the Extension Agreement which remain applicable during the Second Extended Term, the Term of Employment shall mean the period from
January 1, 2012 through the effective date of such earlier termination. 

	 	B.	Duties. During the Second Extended Term, the Executive agrees that, in lieu of being elected and serving as a member of the Board of Directors of News
Corporation, the Executive may be designated as a Director Emeritus of the Board. 

  

	 	C.	Compensation. As compensation for his services during the Second Extended Term, the Executive shall continue to receive the same base salary provided for
in the Extension Agreement (the “Base Salary”), to be paid in the same manner as other senior executives of NAI are paid. 

  

	 	D.	Performance Share Units. Notwithstanding the provisions of Section 5 of the Restated Agreement or Section C of the Extension Agreement, the Executive
shall have received and shall receive a Performance Share Unit award (“PSU”) on the date PSUs were and will be granted in 2011 and 2012, each with a Target amount of 100% of his then Base Salary. The PSUs granted in 2011 shall fully vest
as of June 30, 2012 provided that the Executive is employed by NAI as of such date and the PSUs granted in 2012 shall fully vest as of December 31, 2012 provided that the Executive is employed by NAI as of such date, but in each case shall
not be payable until the end of the applicable performance period. 

  

	 	E.	 Entire Agreement. Except to the extent specifically modified herein, the terms and conditions set forth in the Restated Agreement and the
Extension Agreement are incorporated herein as if fully set forth and this Second Extension Agreement, the Extension Agreement, the Restated Agreement, and the two letter agreements (the “Letter Agreements”) from News Corporation to the
Executive, each dated March 1, 2000, relating to pension benefits, medical coverage, life insurance and stock options, constitute the entire understanding between the parties hereto with respect to the

	 	
Executive’s employment by NAI during the Second Extended Term. Except as herein provided, this Second Extension Agreement supersedes and renders null and void all prior agreements and any
and all prior oral or written agreements, understandings or commitments pertaining to the Executive’s employment by NAI during the Second Extended Term. No waiver or modification of the terms or provisions hereof shall be valid unless in
writing signed by the party so as to be charged thereby and then only to the extent therein set forth. 

 IN
WITNESS WHEREOF, the parties hereto have affixed their signatures as of the day and year first above written. 
  

			
	NEWS AMERICA INCORPORATED
		
	By:	 	/s/ David F. DeVoe

 
	
	
	
	/s/ Arthur M. Siskind
	Arthur M. Siskind

 As an inducement to the Executive to enter into the foregoing Second Extension Agreement,
the undersigned hereby guarantees full performance of all of the obligations of NAI and of any of their subsidiaries and divisions thereunder, waiving exhaustion of remedies, including, without limitation, obligations with respect to the election
and/or designation of executive as a director and officer to serve in the capacities and to have the duties set forth in Section 1 of the Restated Agreement. This guarantee shall continue hereafter with respect to any amendments, modification,
supplements or other changes made to or with respect to the Extension Agreement. 
  

			
	NEWS CORPORATION
		
	By:	 	/s/ David F. DeVoeForm of Performance Stock Unit Agreement

 Exhibit 10.2 
 (Cash – US) 
 News Corporation 2005 Long-Term Incentive Plan

 PERFORMANCE STOCK UNIT AWARD AGREEMENT 
 For the FY[—] – FY[—] Performance Cycle 

 

	
	 Participant:
  

Title:
  
 Business Unit:
  

Address:

 News Corporation, a Delaware corporation, and its subsidiaries (collectively, “News Corp”), hereby awards cash
settled performance stock units (“PSUs”) relating to shares of its Class A Common Stock, par value $0.01 per share (the “NWSA Shares”), to the individual named above as the Participant. The terms and conditions of this PSU
award are set forth in this PSU Award Agreement (the “PSU Award Agreement”) and in the News Corporation 2005 Long-Term Incentive Plan, as amended, (the “News Corp LTIP”). 

 

			
	PSU Personal Participation Schedule
		
	 Date of Award:
	  	[—]
		
	 Performance Period:
	  	[—]
		
	 Business Group:
	  	[—]
		
	 Vesting Date:
	  	[—]
		
	 Participant’s User ID #:
	  	[—]

			
		
	Target PSUs Awarded:	  	 [—], which was calculated as follows

 
 a)      Your
target payout, [—]% of your eligible salary as of [—], divided by

 
 b)      The
average NWSA closing price for the 20 trading days before [—], which was $[—].

  
  

			
	Actual Cash Value of NWSA Shares Awarded:	  	The actual cash value of NWSA Shares awarded shall be between [—]% and [—]% of
the Target PSUs Awarded, as determined by the Compensation Committee of the News Corp Board of Directors or its designees (the “Committee”), based on the achievement of the Performance Objectives (herein defined).

  
 The terms of the News Corp LTIP are incorporated
herein by reference. All capitalized terms that are not defined in this PSU Award Agreement have the meaning set forth in the News Corp LTIP. By accepting this award of PSUs, you agree to all of the terms and conditions described in this PSU Award
Agreement and in the News Corp LTIP, a copy of which is attached to this PSU Award Agreement. You acknowledge that you have carefully reviewed the News Corp LTIP and agree that the terms of the News Corp LTIP will control in the case of any conflict
between this PSU Award Agreement and the News Corp LTIP. 
  

	
	NEWS CORPORATION
	
	  
	Chase Carey

 Deputy Chairman, President and Chief Operating Officer 

			
	Award of Performance Stock
Units	  	 News Corp hereby awards you the target number of PSUs set forth in the PSU Personal Participation Schedule, included herewith and
forming part of this agreement.
  
 Subject to the terms and conditions set
forth below, PSUs represent the potential to receive, at the end of the applicable performance period, the cash value of a number of NWSA Shares (the “PSU Program”).

 
 The cash value of NWSA Shares that you receive, if any, will be fully vested and
immediately payable to you.

  
  

			
	Conversion of Performance Stock Units	  	 Your PSUs will convert to the cash value of NWSA Shares on [—] after the end of the
three-year performance period ending [—] (the “Performance Period”) with the cash value of NWSA Shares to be received, if any, determined by comparing News Corp’s actual results with
objectives set for the News Corp Named Executive Officer PSU Program (based on News Corp’s audited consolidated financial statements for the Performance Period) (the “Performance Objectives”).

 
 The percentage to which each of the Performance Objectives has been achieved
corresponds to a payout multiplier. The overall payout multiplier for the Performance Objectives will be based on that used to determine awards for the News Corp Named Executive Officer PSU Program for the Performance Period.

 
 The payout multipliers for each of the Performance Objectives are then averaged
(using pre-set weightings for each) to create one overall payout multiplier, which is subject to an overall cap of [—]%. The overall payout multiplier is then multiplied by the target number of PSUs
to determine the corresponding number of NWSA Shares for which you will be entitled to receive the cash value.
  
 The Committee has set the Performance Objectives and the Committee, and the management of the respective business groups, as appropriate, will determine the achievement of the Performance Objectives based
on the actual results at the end of the Performance Period, and calculate the overall payout multiplier and the conversion of the PSUs into the cash value of NWSA Shares.

 
 In all events, the Committee’s determination(s) will be binding.

 
 As soon as is reasonably practicable following
[—], the cash value of NWSA Shares payable with respect to the vested PSUs will be paid to you. Upon settlement, your PSUs shall be extinguished and such PSUs will no longer be considered to be held
by you for any purpose.

  
  

  

			
	Withholding Taxes	  	You agree, as a condition of this award of PSUs, that any applicable Federal, state, local or foreign tax or withholding payment that may be due as a result of vesting and/or
payment of your PSUs shall be satisfied by News Corp or any Affiliate, as the case may be, withholding such amounts from cash that would otherwise be paid to you under this PSU award.

  
  

			
	 Employment
 with News
Corp
	  	 Your eligibility to receive the cash value of NWSA Shares is subject to the condition that you remain employed by News Corp from the
date hereof through [—], subject to the terms of your PSU Award Agreement and with the exceptions set forth below.
  

Subject to the exceptions set forth below, in the event your employment is terminated for any reason during
[—], you shall forfeit your PSU award and neither you, nor your beneficiary or estate, shall be entitled to receive any payment under your PSU Award Agreement.

 
 In the event of a qualifying retirement or a qualifying disability, and if you were
employed beyond the last day of the first fiscal year of the applicable Performance Period, you will receive the cash value of NWSA Shares on [—] after the end of the relevant Performance Period
based on the overall payout multiplier for the Performance Objectives.
  
 In
the event of your death, and if you were employed beyond the last day of the first fiscal year of the applicable Performance Period, your estate will receive the cash value of NWSA Shares as soon as practicable, based on the projected performance
for the Performance Objectives (at the determination of News Corp) for all PSU Program cycles with less than one year remaining in the Performance Period, and based on target level performance otherwise.

 
 In the event that your employment during the Performance Period transfers from one
business group, including corporate groups, which participates in the News Corp PSU Program to another business group that also participates in the News Corp PSU Program, you will remain eligible to receive payment under your PSU Award Agreement. In
such case, the overall payout multiplier will be based on the weighted average payout multipliers for each relevant business group, weighted for the time spent employed within each business group during the Performance Period.

 
 If your business entity is merged with another entity within News Corp or is sold
outside of News Corp, the Committee may, in its sole discretion, make such adjustments to your PSU award as it deems appropriate. All determinations that the Committee makes shall be conclusive and binding on all persons for all purposes. The
Committee need not treat all PSU awards in the same manner.

  
  

  

			
	Leaves of Absence	  	 For purposes of this PSU Award Agreement, your Service does not terminate when you go on a bona fide employee leave of absence
that was approved by News Corp or an Affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, your Service will be treated as terminating
three months after you went on employee leave, unless your right to return to active work is guaranteed by law or by a contract. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee
work.
  
 The Committee shall determine, in its sole discretion, which leaves
shall count for this purpose, and when your Service terminates for all purposes under the News Corp LTIP.

  
  

			
	 Adjustments
 to
Business Group
 and News Corp Actual Results
	  	 At the end of or during the Performance Period, as applicable, actual results for business groups and News Corp may be adjusted at
the sole discretion of the Committee as it deems appropriate to:
  
 •   Exclude the effect of extraordinary, unusual and/or non-recurring items, discontinued operations, significant acquisitions, and accounting charges or policy changes; and

 
 •   Reflect such other
facts as the Committee deems appropriate so as to reflect the performance of the business group and not distort the calculation of the PSU award.
  

Similar adjustments may instead be made to the Performance Objectives and payout multipliers for the same reasons set out here.

 
 All such determinations of the Committee shall be conclusive and binding on all
persons for all purposes.

  
  

			
	 No Vested Right
 In
Future Awards
	  	 Participant acknowledges and agrees (by receiving this PSU Award Agreement) that the eligibility to receive PSUs under this PSU Award
Agreement is made on a fully discretionary basis by the Committee and that this PSU Award Agreement does not lead to a vested right to receive any cash value of NWSA Shares, any additional PSUs or other equity incentive awards in the
future.
  
 Further, the PSU award set forth in this PSU Award Agreement
constitutes a non-recurring benefit and the terms of this PSU Award Agreement are only applicable to the PSU award distributed pursuant to this PSU Award Agreement.

  
  

			
	Employment Agreements	  	This PSU Award Agreement shall not be applied or interpreted in a manner which would decrease the rights held by, or the payments owing to, you under any employment agreement
with News Corp and, if there is any conflict between the terms of such employment agreement and the terms hereof, the employment agreement shall control.

  

			
	Confidentiality	  	You acknowledge that you have read and understand News Corp’s policies on confidentiality as set forth in the News Corporation Standards of Business Conduct and the News
Corporation Insider Trading and Confidentiality Policy (collectively, the “Confidentiality Policies”) and hereby agree that during the course of your employment with News Corp and any time after your employment with News Corp is
terminated, you will continue to abide by the terms of the Confidentiality Policies, including with respect to any materials or information you receive in connection with your PSU award.

  
  

			
	 Retention and
 Other
Rights
	  	 This PSU Award Agreement does not give you the right to be retained or employed by News Corp or any Affiliate in any capacity for any
given period or upon any specific terms of employment.
  
 You waive any and
all rights to compensation or damages for the termination of your office or employment with News Corp or any Affiliate for any reason (including unlawful termination of employment) insofar as those rights arise from you ceasing to have rights in
relation to this PSU award as a result of that termination or from the loss or diminution in value of such rights.

  
  

			
	 Stockholder

Rights
	  	You, your estate or heirs, do not have and will not have, any of the rights of a stockholder of News Corp with respect to the PSUs granted to you pursuant to this PSU Award
Agreement.

  
  

			
	PSU Award Transferability	  	Your PSUs may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, whether by operation of law or otherwise, nor may your PSUs be made
subject to execution, attachment or similar process.

  
  

			
	 Applicable Law
 and
Forum
	  	 This PSU Award Agreement will be interpreted and enforced under the laws of the State of New York, other than any conflicts or choice
of law rule or principle that might otherwise refer construction or interpretation of this PSU Award Agreement to the substantive law of another jurisdiction.
  

By accepting this PSU award, you expressly consent to the exclusive jurisdiction of the federal or state courts serving New York, New York for all
lawsuits and actions arising out of or relating to this PSU Award Agreement, and you expressly waive any defense that such courts lack personal jurisdiction over you. All such lawsuits and actions shall be tried in the federal or state courts
serving New York, New York to the exclusion of all other courts.

  
  

			
	Severability	  	In the event that any provision of this PSU Award Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of
this PSU Award Agreement, and this PSU Award Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

  

			
	Data Privacy	  	 News Corp may collect, hold, use and process personal data about you in order to administer the News Corp LTIP. Such data includes,
but is not limited to, the information provided in this PSU Award Agreement and any changes thereto, other appropriate personal and financial data about you, such as your tax identification number, equity grant number, home address, business address
and other contact information, payroll information and any other information that might be deemed appropriate by News Corp to facilitate the administration of the News Corp LTIP.

 
 By accepting this PSU award, you freely give unambiguous consent to News Corp to
collect, hold, use and process any such personal data for the purpose of administering the News Corp LTIP. You also freely give unambiguous consent to News Corp and other outside persons or entities designated by News Corp to transfer any such
personal data within and outside the country in which you work or are employed, including, with respect to non-United States resident participants, to the United States, a jurisdiction that may not offer data protections considered adequate in your
home country, in order to administer the News Corp LTIP. Such personal data shall be treated consistent with the data privacy policies of News Corp.

  
  

			
	Consent to Electronic Delivery	  	News Corp may choose to deliver certain statutory materials relating to the News Corp LTIP in electronic form. By accepting this PSU award, you agree that News Corp may deliver
the News Corp LTIP, the News Corp LTIP prospectus and News Corp’s annual report to you in an electronic format. If, at any time, you would prefer to receive paper copies of these documents, as you are entitled to receive, News Corp would be
pleased to provide paper copies. Please contact News Corporation Equity Plan Administration, 1211 Avenue of the Americas, New York, NY 10036 Attn: Equity Plan Administration or send an email to EquityPlansGroup@newscorp.com to request paper copies
of these documents.

  
  

			
	News Corp LTIP Materials	  	Copies of the News Corp LTIP, the News Corp LTIP prospectus and Annual Report are available on the News Corp LTIP EquityNet intranet website at
https://EquityNet.newscorp.com.

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