Document:

Form of Performance Award Agreement Settled in Stock-Settled Restricted Stock

 EXHIBIT 10.24 
 (Stock settlement) 
 NEWS CORPORATION 
 2005 LONG TERM INCENTIVE PLAN 
 PERFORMANCE AWARD AGREEMENT 
 To: 
 Title: 
 Business Unit: 
 Address: 
 News Corporation, a Delaware corporation (the “Company”), hereby grants you a performance award (the “Performance Award”). The terms
and conditions of this Performance Award are set forth in this Performance Award Agreement (the “Agreement”) and in the News Corporation 2005 Long-Term Incentive Plan (the “Plan”) and are herein incorporated by reference.

 Your Performance Award will be calculated by comparing (i) the actual [•] of [•]for the fiscal year ending June 30,
[•] (“Fiscal [•]”) to (ii) the target [•] of your business unit for Fiscal [•]. The percentage to which the target [•] has been achieved is then used to determine the percentage of your annualized base salary
that you may be entitled to receive, as indicated on the Performance Award Measurement Matrix below. Any Performance Award earned will be paid in restricted share units representing shares of the Company’s Class A common stock, par value
$0.01 per share (“Class A Common Stock”), which shall vest [•], subject to your continued employment with the Company and other terms and conditions set forth herein and in a restricted share unit agreement to be delivered to you upon
delivery of your restricted share units under your Performance Award. 
  

			
	Date of Performance Award:	  	[•]
		
	Participant’s User ID Number:	  	[•]
		
	Performance Period:	  	[•]
		
	Performance Goal Range:	  	[•]% to [•]+% on an index where 100% is equal to [•]’s target [•] for Fiscal [•]

 Performance Award Measurement Matrix*: 
  

			
	 Fiscal [•] Actual [•] as Percentage of
 Fiscal [•] Target [•]
 (Target = 100%)
	  	 Performance Award
 as Percentage of
 Annualized Base
Salary

	< [•]%	  	0.0%
	[•]% to [•]%	  	[•]% to [•]%
	[•]% to [•]%	  	[•]% to [•]%
	[•]% to [•]%	  	[•]%
	[•]% to [•]%	  	[•]% to [•]%
	[•]% to [•]%	  	[•]% to [•]%
	3 [•]%	  	[•]%

	*	If Actual Fiscal [•] [•] as a percentage of Target Fiscal [•] [•] falls within a band that is outside of the shaded target range, your Performance Award as a
percent of your annualized base salary will be determined proportionately within the corresponding band (rounded to the nearest 0.5%). 

  

 By accepting this Performance Award, you agree to all of the terms and conditions described in this
Agreement and in the Plan, a copy of which is attached to this Agreement. You acknowledge that you have carefully reviewed the Plan and agree that this Agreement will control in the event any provision of this Agreement should appear to be
inconsistent with the terms of the Plan. 
  

			
	Company:	  	  
                                       
                                        
                                        
                                        
                                        
                                   

		  	                                       
                                        
 (Signature)
		
		  	Title:                                     
                                        
                                        
                                        
                                        
                         

 This is not a stock certificate or a negotiable instrument. 
  

 -2- 

 NEWS CORPORATION 
 2005 LONG-TERM INCENTIVE PLAN 
 PERFORMANCE AWARD AGREEMENT 
  

			
	Earning a Performance Award	 	Following the end of the Performance Period, your Performance Award will be calculated by comparing (i) the actual [•] of your applicable business unit for Fiscal [•](based on the
Company’s audited consolidated financial statements for Fiscal [•]) to (ii) the target [•] of your applicable business unit for the Fiscal [•]. The percentage to which the target [•] has been achieved is then used to
determine the percentage of your annualized base salary as of [•] that you may be entitled to receive (an “Earned Performance Award”), as indicated on the Performance Award Measurement Matrix on the cover of this Agreement. The
Compensation Committee (the “Committee”) of the Company’s Board of Directors will determine whether your business unit has achieved results between the levels indicated on the Performance Award Measurement Matrix on the cover of this
Agreement, as well as the U.S. dollar amount of your Earned Performance Award that may be payable to you in the form of restricted share units. The determination of the Committee will be binding.
		
	Payment for Earned Performance Award in Restricted Share Units	 	 Payment for any Earned Performance Award shall be made in the form of restricted share units with each restricted share unit representing the
right to receive one share of Class A Common Stock. The number of restricted share units awarded to you in satisfaction of an Earned Performance Award shall be determined by dividing the U.S. dollar amount of your Earned Performance Award by the
Average Market Price (as defined below) of the Class A Common Stock, except that the number of restricted share units to be awarded shall be rounded down to the nearest whole number so that no fractional restricted share units shall be awarded. The
restricted share units so awarded shall be evidenced in the form of a restricted share unit agreement. The “Average Market Price” shall be the average of the closing price of the Class A Common Stock on the New York Stock Exchange for the
twenty (20) day trading period ending on a date to be determined by the Committee, but which shall be no later than ten (10) days after the Company’s earnings for Fiscal [•]are publicly released.
  
 Subject to your continued employment with the Company, the restricted share units awarded shall vest
according to the vesting schedule set forth on the cover sheet of this Agreement or the next succeeding business day, unless otherwise set forth in your restricted share unit agreement. Upon vesting, the restricted share units will be payable in
shares of Class A Common Stock.

		
	Employment with the Company	 	This Performance Award is awarded to you on the condition that you remain employed by the Company from the date hereof through the date on which the restricted share units subject to your
Performance Award are awarded.

  

 -3- 

			
		 	 In the event your employment with the Company is terminated for any reason during the Performance Period or after the Performance Period and
before the award of restricted share units, you shall forfeit your Performance Award and neither you nor your beneficiary or estate, shall be entitled to receive any payment under your Performance Award, including for any Earned Performance Award.

  
 In the event you are transferred from the business unit to which this Performance
Award relates to another business unit within the Company, the Committee will make appropriate adjustments, if any, to your Performance Award.
  
 In the event your employment with the Company ceases after the award of restricted share units, your rights will be determined under your restricted share unit agreement.

		
	Adjustments to the Performance Award	 	In the event that, during any Performance Period, any recapitalization, reorganization, merger, acquisition, divestiture, consolidation, spin-off, combination, liquidation, dissolution, sale
of assets or other similar corporate transaction or event, or any other extraordinary event or circumstance occurs which has the effect, as determined by the Committee, in its sole and absolute discretion, of distorting the applicable performance
criteria involving the business unit or the Company, including, without limitation, changes in accounting standards, the Committee may adjust or modify, as determined by the Committee, in its sole and absolute discretion, the Performance Goal Range
or the Performance Award Measurement Matrix, to the extent necessary to prevent reduction or enlargement of the Performance Award attributable to such transaction, circumstance or event during the Performance Period. 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 Agreement) that the granting of Performance Awards under this Agreement are made on a fully discretionary basis by the Committee and
that this Agreement does not lead to a vested right to receive additional Performance Awards in the future. Further, the Performance Award set forth in this Agreement constitutes a non-recurring benefit and the terms of this Agreement are only
applicable to the Performance Award distributed pursuant to this Agreement.
		
	Employment Agreements	 	This Agreement shall not be applied or interpreted in a manner which would decrease the rights held by, or the payments owing to, you under an employment agreement with the Company and, if
there is any conflict between the terms of such employment agreement and the terms hereof, the employment agreement shall control.

  

 -4- 

			
	Confidentiality	 	You acknowledge that you have read and understand the Company’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 the Company and any time after your employment with the Company 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 Performance Award.
		
	Retention and Other Rights	 	 This Agreement does not give you the right to be retained or employed by the Company or any subsidiary or affiliate of the Company 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 the Company or any of its subsidiaries or affiliates for any reason (including unlawful termination of employment) insofar as those rights arise from you ceasing
to have rights in relation to this Performance Award as a result of that termination or from the loss or diminution in value of such rights.

		
	Stockholder Rights	 	You, or your estate or heirs, do not have any of the rights of a stockholder of News Corporation, including, without limitation, the right to vote or receive dividends declared or paid on the
Class A Common Stock, unless and until any restricted share units that may be granted to you pursuant to this Agreement are paid in Class A Common Stock and a certificate for such shares of Class A Common Stock has been issued or an appropriate book
entry has been made.
		
	Performance Award Transferability	 	Your Performance Award may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, whether by operation of law or otherwise, nor may your Performance Award
be made subject to execution, attachment or similar process.
		
	Applicable Law and Forum	 	 This 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 Agreement to the substantive law of another jurisdiction.
  
 By accepting this Performance Award, you expressly consent to the exclusive jurisdiction of the state and federal courts serving New York, New York for all lawsuits and
actions arising out of or relating to this 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.

  

 -5- 

			
	Severability	 	In the event that any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Agreement, and
this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.
		
	The Plan	 	The text of the Plan is incorporated in this Agreement by reference. Except as expressly provided in an applicable employment agreement, this Agreement and the Plan constitute the entire
understanding between you and the Company regarding this Performance Award and any prior agreements, commitments or negotiations concerning this Performance Award are superseded. This Agreement will control in the event any provision of this
Agreement should appear to be inconsistent with the terms of the Plan.
		
	Data Privacy	 	 In order to administer the Plan, the Company may process personal data about you. Such data includes, but is not limited to, the information
provided in this Agreement and any changes thereto, other appropriate personal and financial data about you, such as home address, business addresses and other contact information, payroll information and any other information that might be deemed
appropriate by the Company to facilitate the administration of the Plan.
  
 By accepting
this Performance Award, you give explicit consent to the Company to process any such personal data. You also give explicit consent to the Company to transfer any such personal data outside the country in which you work or are employed, including,
with respect to non-U.S. resident participants, to the United States, to transferees who shall include the Company and other persons who are designated by the Company to administer the Plan.

		
	Consent to Electronic Delivery	 	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this Performance Award you agree that the Company may deliver the Plan
prospectus and the Company’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, the Company 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.

  

 -6-Form of senior dept security-medium term notes

 Exhibit 4.01 
 LEHMAN BROTHERS HOLDINGS INC. 
 Annual Review Notes with Contingent Principal Protection Linked to an Index Due
August 22, 2010 
  

			
	 Number R-1
	 	$2,500,000
	 ISIN US52517P4Y47
	 	CUSIP 52517P4Y4

 See Reverse for Certain Definitions 
 THIS SECURITY (THIS “SECURITY”) IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN
THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A
NOMINEE OF THE DEPOSITORY TO SUCH DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TO LEHMAN BROTHERS HOLDINGS INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 LEHMAN BROTHERS
HOLDINGS INC., a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company”), for value received, hereby promises to pay to CEDE & CO. or registered assigns, at the
office or agency of the Company in the Borough of Manhattan, The City of New York, on the Maturity Date, in such coin or currency of the United States of America at the time of payment shall be legal tender for the payment of public and private
debts, for each $1,000 principal amount of the Securities represented hereby, an amount equal to the Payment at Maturity or amount due upon an Automatic Call, if applicable. THE SECURITIES REPRESENTED HEREBY SHALL NOT BEAR ANY INTEREST. 

Any amount payable on the Maturity Date or upon an Automatic Call, if applicable, hereon will be paid only upon presentation and surrender of this
Security. 
 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE REVERSE HEREOF WHICH FURTHER 

 
PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
 “Standard & Poor’s,” “S&P®,” “S&P
500®” and “Standard & Poor’s®” are trademarks of The McGraw-Hill Companies, Inc. and
have been licensed for use by the Company. The Securities, linked to the performance of the S&P 500® Index, are not
sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Securities. This Security shall not be valid or become obligatory for
any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 
  

 2 

 IN WITNESS WHEREOF, Lehman Brothers Holdings Inc. has caused this instrument to be signed by its
Chairman of the Board, its President, its Vice Chairman, its Chief Financial Officer, one of its Vice Presidents or its Treasurer, by manual or facsimile signature under its corporate seal, attested by its Secretary or one of its Assistant
Secretaries by manual or facsimile signature. 
  

							
	Dated: August 22, 2007	 	LEHMAN BROTHERS HOLDINGS INC.	 	
				
	[SEAL]	 		 		 	
		 	By:	 	  
	 	
		 		 	Vice President	 	
				
		 	Attest:	 	  
	 	
		 		 	Assistant Secretary	 	

  
 TRUSTEE’S CERTIFICATE OF
AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.
	as Trustee
		
	By:	 	  

		 	    Authorized Officer

  

 3 

 Reverse of Security 
 This Security is one of a duly authorized series of Securities of the Company designated as Annual Review Notes with Contingent Principal Protection Linked to an Index Due August 22, 2010 (herein called the
“Securities”). The Company may, without the consent of the holders of the Securities, create and issue additional securities ranking equally with the Securities and otherwise similar in all respects so that such additional
securities shall be consolidated and form a single series with the Securities; provided that no additional securities can be issued if an Event of Default has occurred with respect to the Securities. This series of Securities is one of an indefinite
number of series of debt securities of the Company, issued and to be issued under an indenture, dated as of September 1, 1987, as amended (herein called the “Indenture”), duly executed and delivered by the Company and Citibank,
N.A., as trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities. 
 The
Payment at Maturity or amount due upon an Automatic Call, if applicable, at the request of the Trustee, shall be determined by the Calculation Agent pursuant to the Calculation Agency Agreement. The Trustee shall fully rely on the determination by
the Calculation Agent of the Payment at Maturity or amount due upon an Automatic Call, if applicable, and shall have no duty to make any such determination. The Calculation Agent will provide written notice to the Trustee at its New York office, on
which notice the Trustee may conclusively rely, of the Payment at Maturity or amount due upon an Automatic Call, if applicable, on or prior to 11:00 a.m. on the Business Day preceding the Maturity Date or applicable Redemption Date. 
 All calculations with respect to the Initial Index Level, the Ending Index Level, the Index Return or any Index Closing Level will be rounded to the
nearest one hundred-thousandth, with five one-millionths rounded upward (e.g., .876545 would be rounded to .87655); all dollar amounts related to determination of the payment per $1,000 principal amount Security on the Maturity Date or
Redemption Date, if any, will be rounded to the nearest ten-thousandth, with five one hundred-thousandths rounded upward (e.g., .76545 would be rounded up to .7655); and all dollar amounts paid on the aggregate principal amount of Securities
per Holder will be rounded to the nearest cent, with one-half cent rounded upward. 
 This Security is not subject to any sinking fund.

 If an Event of Default with respect to the Securities shall occur and be continuing, the amounts payable on all of the Securities may be
declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted under the Indenture will be equal to the Payment at Maturity calculated as though the date
of acceleration were the Final Review Date. If the maturity of the Securities is accelerated because of an Event of Default, the Company shall, or shall cause the Calculation Agent to, provide written notice to the Trustee at its New York office, on
which notice the Trustee may conclusively rely, and to The Depository Trust Company of the cash amount due 

  

 1 

 
with respect to the Securities as promptly as possible and in no event later than two Business Days after the date of acceleration. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the holders of not less than 66 2/3% in aggregate principal amount of each series of Securities at the time Outstanding to be affected (each series
voting as a class), evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to, or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in
any manner the rights of the holders of the Securities of all such series; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Security, or reduce the principal
amount thereof, or reduce the rate or extend the time of payment of interest thereon, if any, or reduce any premium payable on redemption, or make the principal thereof, or premium, if any, or interest thereon, if any, payable in any coin or
currency other than that hereinabove provided, without the consent of the holder of each Security so affected, or (ii) change the place of payment on any Security, or impair the right to institute suit for payment on any Security, or reduce the
aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of each Security so affected. It is also provided in the Indenture that, prior to any declaration
accelerating the maturity of any series of Securities, the holders of a majority in aggregate principal amount of the Securities of such series Outstanding may on behalf of the holders of all the Securities of such series waive any past default or
Event of Default under the Indenture with respect to such series and its consequences, except a default in the payment of interest, if any, or the principal of, or premium, if any, on any of the Securities of such series, or in the payment of any
sinking fund installment or analogous obligation with respect to Securities of such series. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future holders and owners of this
Security and any Securities which may be issued in exchange or substitution hereof, irrespective of whether or not any notation thereof is made upon this Security or such other Securities. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the Payment at Maturity or amount due upon an Automatic Call, if applicable, with respect to this Security. 
 The Securities are issuable in denominations of $1,000 and any whole multiples of $1,000. 
 The Company, the Trustee, and any
agent of the Company or of the Trustee may deem and treat the registered holder (the “Holder”) hereof as the absolute owner of this Security (whether or not this Security shall be overdue and notwithstanding any notation of
ownership or other writing hereon), for the purpose of receiving payment hereof, or on account hereof, and for all other purposes and neither the Company nor the Trustee nor any agent of the Company or of the Trustee shall be affected by any notice
to the contrary. All such payments made to or upon the order of such registered holder shall, to the extent of the sum or sums paid, effectually satisfy and discharge liability for moneys payable on this Security. 
  

 2 

 No recourse for the payment of the principal of, premium, if any, or interest on this Security, or for
any claim based hereon or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Security, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the Corporate Trust Office or agency in a Place of Payment for this Security, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Securities of this series or of like tenor and of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The
Company intends to treat, and by purchasing this Security, the Holder agrees to treat, for all tax purposes, this Security as a cash-settled financial contract, rather than as a debt instrument. 
 THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Definitions 
 Set forth below are definitions of the
terms used in this Security. 
 An “Automatic Call” occurs if the Index Closing Level on any Review Date is above or equal
to the Call Level. Upon the occurrence of an Automatic Call, the Securities will be automatically called for a cash payment, per $1,000 principal amount Security, that will equal $1,000 plus the applicable Call Premium. 
 If the Securities are subject to an Automatic Call on a Review Date other than the Final Review Date, the Holders will receive a cash payment of $1,000
plus the applicable Call Premium on the Redemption Date. If the Securities are subject to an Automatic Call on the Final Review Date, the Holders will receive a cash payment of $1,000 plus the applicable Call Premium on the Maturity Date.

 “Business Day”, notwithstanding any provision in the Indenture, shall mean any day that is not a Saturday or Sunday and
that is not a day on which banking institutions in the City of New York are authorized or obligated by law to close. 
  

 3 

 “Calculation Agency Agreement” shall mean the Calculation Agency Agreement, dated as of
December 21, 2006 between the Company and the Calculation Agent, as amended from time to time, or any successor calculation agency agreement. 
 “Calculation Agent” shall mean the person that has entered into an agreement with the Company providing for, among other things, the determination of the Payment at Maturity, which term shall, unless the context otherwise
requires, include its successors and assigns. The initial Calculation Agent shall be Lehman Brothers Inc. 
 “Call Level”
shall equal 1,445.94. 
 “Call Premium”, as calculated by the Calculation Agent, per $1,000 principal amount Security paid
upon an Automatic Call shall equal: 
 (1)    10.70% × $1,000 if called on the First Review Date; 
 (2)    21.40% × $1,000 if called on the Second Review Date; or 
 (3)    32.10% × $1,000 if called on the Final Review Date. 
 “Closing Price” of a security, on any particular day, means the last reported sales price for that security on the Relevant Exchange at
the scheduled weekday closing time of the regular trading session of the Relevant Exchange. If, however, the security is not listed or traded on a bulletin board, then the Closing Price of the security will be determined using the average execution
price per share that an affiliate of the Company pays or receives upon the purchase or sale of the security used to hedge the Company’s obligations under the Securities. 
 “Company” shall have the meaning set forth on the face of this Security. 
 “Ending Index Level” shall equal the Index Closing Level on the Final Review Date. 
 “Final Review Date” shall mean August 18, 2010. 
 “First Review Date” shall mean August 19, 2008. 
 “Holder” shall
have the meaning set forth on the reverse of this Security. 
 “Indenture” shall have the meaning set forth on the reverse
of this Security. 
 “Index” shall mean the S&P 500® Index, as calculated, published and disseminated by S&P. 
 “Index Closing Level”, as determined by the Calculation Agent, shall mean, with respect to any Trading Day, the closing level of the Index or the Successor Index, as the case may be, at the regular
official weekday close of the principal trading session of the Relevant Exchange or market for the Index or the Successor Index, as the case may be, on such day, or as 

  

 4 

 
determined by the Calculation Agent pursuant to the Calculation Agency Agreement as described below under “Discontinuation of the Index; Alteration of
Method of Calculation.” 
 “Index Return”, as calculated by the Calculation Agent, is calculated as follows:

 Ending Index Level – Initial Index Level 
 Initial Index Level 
 “Initial Index Level” shall equal 1,445.94. 
 “Market Disruption Event”, with respect to the Index or any Successor Index shall mean any of the following events has occurred on any
day as determined by the Calculation Agent: 
 (1)    a suspension, absence or material limitation of trading of stocks
then constituting 20% or more of the level of the Index (or the relevant Successor Index) on the Relevant Exchanges for such securities at any time during the one hour period preceding the close of the principal trading session on such Relevant
Exchange; 
 (2)    a breakdown or failure in the price and trade reporting systems of any Relevant Exchange as a result
of which the reported trading prices for stocks then constituting 20% or more of the level of the Index (or the relevant Successor Index) at any time during the one hour period preceding the close of the principal trading session on such Relevant
Exchange are materially inaccurate; 
 (3)    a suspension, absence or material limitation of trading on any major
securities exchange for trading in futures or options contracts or exchange traded funds related to the Index (or the relevant Successor Index) at any time during the one hour period preceding the close of the principal trading session on such
exchange; or 
 (4)    a decision to permanently discontinue trading in the relevant futures or options contracts or
exchange traded funds. 
 For the purpose of determining whether a Market Disruption Event exists at any time, if trading in a security
included in the Index is materially suspended or materially limited at that time, then the relevant percentage contribution of that security to the level of the Index shall be based on a comparison of: 
 (1)    the portion of the level of the Index attributable to that security relative to 
 (2)    the overall level of the Index, 
 in each case immediately before that suspension or limitation. 
 For purposes of determining whether a Market Disruption Event has
occurred: 
  

 5 

 (1)    a limitation on the hours or number of days of trading will not constitute a
Market Disruption Event if it results from an announced change in the regular business hours of the Relevant Exchange or market; 
 (2)    limitations pursuant to the rules of any Relevant Exchange similar to NYSE Rule 80B (or any applicable rule or regulation enacted or promulgated by any other self-regulatory organization or any government agency
of scope similar to NYSE Rule 80B as determined by the Calculation Agent in its sole discretion) on trading during significant market fluctuations will constitute a suspension, absence or material limitation of trading; 
 (3)    a suspension of trading in futures or options contracts on the Index by the primary securities market trading in such
contracts by reason of (i) a price change exceeding limits set by such exchange or market, (ii) an imbalance of orders relating to such contracts, or (iii) a disparity in bid and ask quotes relating to such contracts, will, in each
such case, constitute a suspension, absence or material limitation of trading in futures or options contracts related to the Index; and 
 (4)    a suspension, absence or material limitation of trading on any Relevant Exchange or on the primary market on which futures or options contracts related to the Index are traded will not include any time when such
market is itself closed for trading under ordinary circumstances. 
 “Maturity Date” shall mean August 22, 2010,
unless that day is not a Business Day, in which case the amount equal to the Payment at Maturity will be made on the next succeeding Business Day following August 22, 2010; provided, that if due to a non-Trading Day or a Market
Disruption Event, the Final Review Date is postponed so that it falls less than three Business Days prior to the scheduled Maturity Date, the Maturity Date will be the third Business Day following the Final Review Date, as postponed. 
 “NYSE” shall mean The New York Stock Exchange, Inc. 
 “Payment at Maturity”, as calculated by the Calculation Agent and if the Securities are not called, pursuant to an Automatic Call, for each $1,000 principal amount Security shall equal: 
 (1)    If the Index has declined from the Initial Index Level to the Ending Index Level by a percentage equal to or less than the
Protection Percentage, $1,000.00; or 
 (2)    If the Index has declined from the Initial Index Level to the Ending
Index Level by a percentage greater than the Protection Percentage, 
 $1,000 + ($1,000 × Index Return) 
 “Place of Payment” shall mean the place or places where the Payment at Maturity or amount due upon an Automatic Call, if applicable, on
the Securities is payable. 
 “Redemption Date” shall mean, with respect to the First Review Date and the Second Review
Date, the third Business Day after the applicable Review Date. 
  

 6 

 “Pricing Date” shall mean August 17, 2007. 
 “Protection Percentage” shall equal 20%. 
 “Relevant Exchange” shall mean, for any security (or any combination thereof) then included in the Index or any Successor Index, the primary exchange, quotation system (which includes bulletin board
services) or other market of trading for such security. 
 “Review Date” shall mean any of the First Review Date, the
Second Review Date and the Final Review Date. 
 If a Review Date is not a Trading Day or if there is a Market Disruption Event on such day,
the applicable Review Date will be the immediately succeeding Trading Day during which no Market Disruption Event shall have occurred or is continuing; provided that the Index Closing Level will not be determined on a date later than the
eighth scheduled Trading Day after the scheduled Review Date, and if such day is not a Trading Day, or if there is a Market Disruption Event on such date, the Calculation Agent will determine the Index Closing Level on such date in accordance with
the formula for and method of calculating the Index Closing Level last in effect prior to commencement of the Market Disruption Event (or prior to the non-Trading Day), using the Closing Price (or, if trading in the relevant securities has been
materially suspended or materially limited, its good faith estimate of the Closing Price that would have prevailed but for such suspension or limitation or non-Trading Day) on such eighth scheduled Trading Day of each security most recently
constituting the Index. 
 “S&P” shall mean Standard & Poor’s, a division of The McGraw-Hill Companies,
Inc. 
 “Second Review Date” shall mean August 17, 2009. 
 “Securities” shall have the meaning set forth on the reverse of this Security. 
 “Successor Index” shall have the meaning specified under “Discontinuation of the Index; Alteration of Method of Calculation.”

 “Trading Day” means a day, as determined by the Calculation Agent, on which trading is generally conducted on
(i) the Relevant Exchanges for securities underlying the Index and (ii) the exchanges on which futures or options contracts related to the Index are traded, other than a day on which trading on such Relevant Exchange or exchange on which
such securities, futures or options contracts are traded is scheduled to close prior to its scheduled weekday closing time. 
 “Trustee” shall have the meaning set forth on the reverse of this Security. 
 All terms used but not defined in
this Security are used herein as defined in the Calculation Agency Agreement or the Indenture. 
  

 7 

 Calculation Agent 
 The Calculation Agent will determine, among other things, the Initial Index Level, the Index Closing Level on each Review Date, whether the Automatic Call feature has triggered a mandatory redemption, the Ending Index
Level, the Index Return if the Securities are not automatically called, the Call Premium and the Payment at Maturity, if any. In addition, the Calculation Agent will determine whether there has been a Market Disruption Event or a discontinuation of
the Index, and whether there has been a material change in the method of calculation of the Index. All calculations, determinations or adjustments made by the Calculation Agent will be at the sole discretion of the Calculation Agent and will, in the
absence of manifest error, be conclusive for all purposes and binding on Holders and on the Company. The Company may appoint a different Calculation Agent from time to time after the date of the original issue of the Securities without the
Holders’ consent and without notifying Holders. 
 Discontinuation of the Index; Alteration of Method of Calculation 
 If S&P discontinues publication of the Index and S&P or another entity publishes a successor or substitute index that the Calculation Agent
determines, in its sole discretion, to be comparable to the discontinued Index (an “S&P 500® Index Successor
Index”), then any Index Closing Level will be determined by reference to the level of such S&P 500® Index Successor
Index at the close of trading on the Relevant Exchange or market for the S&P 500® Index Successor Index on each Review Date.
Upon any selection by the Calculation Agent of an S&P 500® Index Successor Index, the Calculation Agent will cause written
notice thereof to be promptly furnished to the Trustee, to the Company and to the Holders. 
 If S&P
discontinues publication of the Index prior to, and such discontinuation is continuing on, a Review Date, and the Calculation Agent determines, in its sole discretion, that no S&P 500® Index Successor Index is available at such time, or the Calculation Agent has previously selected an S&P 500® Index Successor Index and publication of such Successor Index is discontinued prior to, and such discontinuation is continuing on, such Review Date, or if
S&P (or the publisher of any S&P 500® Index Successor Index) fails to calculate and publish an Index Closing Level for
the Index (or any S&P 500® Index Successor Index) on any date when it would ordinarily do so in accordance with its customary
practice, then the Calculation Agent will determine the Index Closing Level for such date. The Index Closing Level will be computed by the Calculation Agent in accordance with the formula for and method of calculating the Index or S&P 500® Index Successor Index, as applicable, last in effect prior to such discontinuation or failure to calculate or publish an Index
Closing Level for the Index or S&P 500® Index Successor Index, as applicable, using the Closing Price (or, if trading in the
relevant securities has been materially suspended or materially limited, its good faith estimate of the Closing Price that would have prevailed but for such suspension or limitation) at the close of the principal trading session on such date of each
security most recently composing the Index or S&P 500® Index Successor Index, as applicable. 

 If at any time the method of calculating the Index or an S&P 500® Index Successor Index, or the level thereof, is changed in a material respect, or if the Index or an S&P 500® Index Successor Index is in any other way modified so that the Index or such S&P 500® Index Successor Index does not, in the opinion of the Calculation Agent, fairly represent the 

  

 8 

 
level of the Index or such S&P 500® Index Successor Index had such changes or modifications not been made, then the Calculation Agent will, at the close of business in New York City on each date on which the Index Closing Level is to be determined, make such calculations and
adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a level of a stock index comparable to the Index or such S&P 500®
Index Successor Index, as the case may be, as if such changes or modifications had not been made, and the Calculation Agent will calculate the Index Closing Level with reference to the Index or such
S&P 500® Index Successor Index, as adjusted. Accordingly, if the method of calculating the Index or an S&P 500® Index Successor Index is modified so that the level of the Index or such S&P 500® Index Successor Index is a fraction of what it would have been if there had been no such modification (e.g., due to a split in the Index), then the
Calculation Agent will adjust its calculation of the Index or such S&P 500® Index Successor Index in order to arrive at a
level of the Index or such S&P 500® Index Successor Index as if there had been no such modification (e.g., as if such
split had not occurred). 
  

 9 

 The following abbreviations, when used in the inscription on the face of the within Security, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

							
	TEN COM -	    	as tenants in common	    	UNIF GIFT MIN ACT - _________ Custodian  _________
		    		    	                        (Cust)               
       (Minor)

	TEN ENT -	    	as tenants by the entireties	    	under Uniform Gifts to Minors
	JT TEN -	    	as joint tenants with right of	    	Act	  	  

		    	Survivorship and not as tenants in common	    		  	(State)

 Additional abbreviations may also be used though not in the above list. 
                                       
                   
 FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
  

			
	 	 	
	 	 	

  
  
  

	
	 

 (Name and Address of Assignee, including zip code, must be printed or typewritten.) 
  

	
	 

 the within Security, and all rights thereunder, hereby irrevocably constituting and appointing 
  

	
	 

 to transfer the said Security on the books of the Company, with full power of substitution in the premises.

 Dated: 
 __________________________________________ 
 NOTICE: The signature to this assignment must correspond with the name as it appears
upon the face of the within Security in every particular, without alteration or enlargement or any change whatever. 
 Signature(s) Guaranteed: 

__________________________ 
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED MEDALLION SIGNATURE GUARANTEE PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. 
  

 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]