Document:

Exhibit 10.2

 

 

 

Term Sheet

 

 

 

ACQUISITION of

 

PONO PUBLICATIONS
LTD., and SUCCESS NUTRIENTS INC.

 

 

 

The proposed summary terms set forth below
are set forth herein for discussion purposes only and except as noted herein below, are not binding, and are subject to, among
other things, execution and delivery of definitive documentation and approval of each respective company’s shareholders.
This document is intended to precede the creation of a Definitive Agreement that fully defines the various working parts of the
acquisition process from both the Seller as well as Buyer perspectives.

 

	Parties	
        Medicine Man Technologies, Inc., a Nevada
        Corporation (“Buyer”)

        and

        Pono Publications, Ltd, and Success
        Nutrients, Inc., , each a Colorado corporation, (hereinafter each a “Seller” and jointly referred to as the “Sellers”)

	Transaction Summary	The parties hereto shall engage in a share exchange, whereby Buyer shall acquire all of the issued and outstanding securities of the Sellers in exchange for issuance of an aggregate of 7 million shares of Buyer’s Common Stock, representing approximately 41.2% of Buyer’s issued and outstanding securities upon closing the proposed transaction (the “Transactions” or “Share Exchange”).
	Contemplated Closing Date	On or before 90 days from the date hereof.
	Due Diligence	
        Sellers shall afford to the legal counsel,
        employees, agents, and authorized representatives of the Buyer reasonable access at reasonable times, upon reasonable prior notice,
        to its properties, offices, files, agreements, books and records as may be necessary in order that the Buyer may have a full opportunity
        to conduct such investigations and due diligence reviews as it shall deem necessary in connection with the Transactions contemplated
        hereby.

        This process shall allow the Buyer to
        complete an audit of the Seller’s financial statements in a manner that is consistent with the Buyers public company requisites
        so that the Buyer may create PCAOB audited financial statements that will serve as the basis for acquisition by the Buyer.

 

    	 	1	 

     

    

 

	Purchase Price	An aggregate of 7,000,000 shares of Buyer’s Common Stock, to be issued to each Seller in such denominations as Buyer shall determine at the point of closing as defined within the definitive agreement(s) associated with this process.
	Representations and Warranties	The definitive agreement(s) shall include customary representations, which may include, without limitation, organization and corporate power, authorization, no breach, valid and binding agreement, capitalization, subsidiaries, financial statements, no undisclosed liabilities, absence of certain developments, title to property, tax matters, contracts, intellectual property, litigation, brokerage, governmental consents, employee benefit plans, insurance, compliance with laws, environmental compliance, employee and labor relations, accounts, effect of transaction, transactions with affiliates, customers, software, customer accounts receivable, salaries of officers and directors.
	Conditions	
        Buyer shall have completed due diligence
        and be satisfied with the results thereof no later than 60 days from the date hereof, with the definitive agreement(s) executed
        no later than 90 days from the date hereof unless extended by the Buyer for a period of up to 45 days based upon material outstanding
        elements beyond its control;

        The Share Exchange shall be approved
        in accordance with the existing provisions of each, the Buyer and Seller’s shareholders and or Directors as such authority
        exists;

        The parties shall have performed, in
        all material respects, all of their obligations under the definitive agreements. All of the statements, representations and warranties
        contained in the definitive agreements shall be complete and true in all material respects. No material adverse changes shall have
        occurred in the business, properties and assets of Sellers other than changes set forth in the definitive agreement or occurring
        in the ordinary course of business.

        Each Seller shall provide an audited financial
        statement of its books and records by a duly qualified independent accountant in accordance with Generally Accepted Accounting
        Practices (“GAAP”) in a form acceptable to the US Securities and Exchange Commission.

         

        The Buyer is authorized to disclose elements
        related to this acquisition as required by law including relevant 8K filings and press releases as customary with a material event.

         

        Buyer shall agree to an employment agreement
        with Josh Haupt to hold positions with the Seller companies upon closing mutually agreeable between Buyer and him, including appointment
        of Mr. Haupt as a director of Buyer.

 

    	 	2	 

     

    

 

	Termination	Terminable (i) by mutual consent of the parties or (ii) by either party if the conditions to such party’s obligations are incapable of fulfillment or Transactions shall not have closed within 90 days from the date hereof.
	Binding Provisions	Sellers shall not, either
    directly or indirectly, for a minimum of 120 days from the date hereof (herein called the “Exclusive Period” or
    unless extended in accordance with the Buyer’s provision as noted in the conditions section), enter into, or continue,
    any negotiations or discussions with any party in respect of the sale of either Seller or any assets owned by either Seller
    or any part thereof in any manner whatsoever to any person, in any manner which would be inconsistent or in competition with
    the matters and transactions contemplated by this Term Sheet. In the event Sellers breach this provision, Sellers shall be
    responsible for all costs incurred by Buyer herein, including but not limited to Buyer’s attorneys’ fees.
	Amendment	Only by written consent of all of the parties hereto.
	Governing Law/Venue	Nevada

 

AGREED TO AND ACCEPTED this 10th day of August 2016.

 

MEDICINE MAN TECHNOLOGIES, INC.

 

By: /s/ Brett Roper

 

Brett Roper, Chairperson of the Board of Directors

 

PONO PUBLICATIONS LTD.

 

By: /s/ Josh Haupt 

 

Josh Haupt, Principal Officer and Director

 

SUCCESS NUTRIENTS, INC.

 

By: /s/ Josh Haupt

 

Josh Haupt, Principal Officer and Director

 

 

 

Witnessed

 

By: s/ Paul Dickman

 

 

By: s/ James Toreson

 

 

 

 

AMENDMENT TO FOLLOW ON SUBSEQUENT PAGE

 

    	 	3	 

     

    

 

This Amendment shall serve as authorization
by Mr. Josh Haupt and Mr. Brett Roper of their approval of the modification noted below and at our next meeting we would put this
into a written form of modification by affixing our signatures to this email correspondence as well as including our approval reply.
This modification specifically applies to a Term Sheet as entered into on August 4, 2016 and would make this modification execution
date as of today, August 9th, 2016 the effective date of final execution. If Josh Haupt would please reply all to this message
and type in ACCEPTED to the 1st line, this in consideration of my ACCEPTANCE as of issuance of this message will suffice for the
purposes of this modification's documentation.

 

The proposed summary terms set forth below
are considered to be binding on both the Buyer and Seller and are subject to, among other things, execution and delivery of definitive
documentation and the subsequent approval of each respective company’s shareholders. This document is intended to precede
the creation of a Definitive Agreement that fully defines the various working parts of the acquisition process from both the Seller's
as well as Buyer's perspectives. Should both parties find there is some material portion of the Definitive Agreement (to become
a part of the 8K filing) or some other element that causes this Term Sheet to become non-viable (such as an inability to provide
for audited financial statements, material misrepresentation by either party that cannot be corrected via mutual acceptance for
continuation), both parties will arrive at such conclusion mutually, neither admitting any fault or cause of action by one to the
other and announce mutually that this binding agreement as no longer valid, one to the other and publically as may be required
by the Buyers being a public company.

 

Furthermore, each party to the agreement acknowledges
that the interim costs of such due diligence, document creation, and any other related expense shall be the responsibility of party
committing to such work (legal, accounting, etc.) except that any audited financial statement work completed on behalf of the Seller
by the Buyer shall be retained by the Seller and become the Seller's responsibility to either pay for or reimburse the buyer based
upon submission of such bills to the Seller, should this binding Term Sheet become non-viable as noted herein.

 

As noted in the conditions section the Seller
is authorizing the Buyer to engage the professional services of its CFO, Auditor, and any other third parties in order to create
the Audited Financial Statements sufficient for the purpose of facilitating this transaction. These expenses, based upon a successful
acquisition shall be borne by the Buyer.

 

Agreed to this date, August 10, 2016 by both
principals representing the Buyer and Seller, Josh Haupt (seller) and Brett Roper, (buyer) via a reply to all response to this
email by each, verifying acceptance of this modification.

 

 

 

 

 

 

 

    	 	4EX-10.9

 Exhibit 10.9 

 

							
		  	News Corporation 2013 Long-Term Incentive Plan	  	(Cash)

 PERFORMANCE STOCK UNIT TERMS AND CONDITIONS NOTICE 

For the FY[    ] – FY[    ] Performance Cycle 

 

			
	 Award of Performance Stock Units
	  	 News Corporation, a Delaware corporation (“News Corp”), has awarded you the target
number of cash-settled performance stock units (“PSUs”) relating to shares of its Class A Common Stock, par value $0.01 per share (the “NWSA Shares”), as set forth in your Summary of PSU Award (collectively, the “PSU
Award”). The terms and conditions of the PSU Award are set forth in this PSU Terms and Conditions Notice, including any terms and conditions applicable to your country set forth in Appendix A attached hereto and incorporated by reference
herein (collectively, this “PSU Terms and Conditions Notice”) and in the News Corporation 2013 Long-Term Incentive Plan, as amended and restated (the “2013 LTIP”).

 
 The terms of the 2013 LTIP are incorporated herein by reference. All
capitalized terms that are not defined in this PSU Terms and Conditions Notice have the meaning set forth in the 2013 LTIP. By accepting the PSU Award, you agree to all of the terms and conditions described in this PSU Terms and Conditions
Notice (including in Appendix A attached hereto) and in the 2013 LTIP. You acknowledge that you have carefully reviewed the 2013 LTIP and agree that the terms of the 2013 LTIP will control in the case of any conflict between this PSU
Terms and Conditions Notice and the 2013 LTIP.
  
 Subject to the terms and
conditions set forth herein, 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”).

 
 Unless otherwise provided in this PSU Terms and Conditions Notice, the actual cash
value of NWSA Shares awarded to you shall be from 0% to 200% 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).
  

	 Conversion of Performance Stock
Units
	  	 Unless otherwise provided in this PSU Terms and Conditions
Notice, your PSUs will convert to the cash value of NWSA Shares on the vesting date after the end of the three-year performance period ending on the Sunday closest to June 30, [    ] (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 by the Committee for the Performance Period (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 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 200%. The overall payout multiplier is then multiplied by the target number of PSUs to determine the number of corresponding NWSA Shares for which you will be entitled to receive
the cash value.
  
 The Committee has set the Performance Objectives and the
Committee 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 vesting date
set forth on the Summary of PSU Award (but in no event beyond December 31 of the calendar year in which the applicable vesting date occurs), 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
  

  

FY[    ] – FY[    ] PSU Terms and Conditions Notice    1

			
	 	  	 and such PSUs will no longer be considered to be held by you
for any purpose.
  

	 Dividend Equivalents
	  	 Dividend Equivalents will be credited on each PSU granted to you under your PSU Award in the
manner set forth below. If News Corp declares one or more regular cash dividends (each, a “Dividend”) on the NWSA Shares during the period commencing on the Date of Grant of your PSU Award and ending on and including the day immediately
preceding the day the PSUs are settled, then, on the date each such Dividend is paid to holders of NWSA Shares, you will be credited with Dividend Equivalents based on the amount of such Dividend that would have been payable to you if you held, as
of the record date for such Dividend, a number of NWSA Shares equal to (i) the number of PSUs granted to you on the Date of Grant plus (ii) the number of NWSA Shares that any Dividend Equivalents previously credited to you under this PSU Terms and
Conditions Notice were deemed to have been reinvested in pursuant to the next succeeding sentence. Each Dividend Equivalent will be deemed to have been reinvested in NWSA Shares as of the Dividend payment date based on the Fair Market Value of
an NWSA Share on the day immediately preceding such Dividend payment date. Dividend Equivalents will be payable in cash. The foregoing does not obligate News Corp to pay dividends on NWSA Shares and nothing in the 2013 LTIP or in this PSU Terms
and Conditions Notice shall be interpreted as creating such an obligation.
  

Any Dividend Equivalents credited to you will be subject to all of the provisions of this PSU Terms and Conditions Notice which apply to the PSUs with
respect to which they have been credited and will be payable, if at all, at the time and to the extent that the underlying PSUs becomes payable. For the avoidance of doubt, the number of NWSA Shares for which you will be entitled to receive the
cash value in respect of any Dividend Equivalents credited to you will be determined by multiplying the aggregate number of NWSA Shares that your Dividend Equivalents are deemed to be reinvested in by the overall payout multiplier. Dividend
Equivalents will not be payable on any PSUs that do not vest, or are forfeited, pursuant to the terms of this PSU Terms and Conditions Notice.

 

	 Withholding Taxes
	  	 You agree, as a condition of the PSU Award, that any applicable Federal, state, provincial,
local or foreign tax or withholding payment (including, without limitation, social security contributions or social taxes, if applicable) that may be due as a result of vesting and/or payment of your PSUs (including in respect of any Dividend
Equivalents credited to you hereunder) shall be satisfied by News Corp or any Affiliate, as the case may be, by withholding such amounts from cash that would otherwise be paid to you under the PSU Award and any Dividend Equivalents credited to you
hereunder.
  

	 Employment with News Corp or an
Affiliate
	  	 Except as provided herein, your eligibility to receive the cash
value of NWSA Shares is subject to the condition that you remain employed by News Corp or an Affiliate from the date hereof through the date on which the PSUs are paid out in the cash value of NWSA Shares, subject to the terms of your PSU Award 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 the Performance Period or after the Performance Period and before the payout of your PSUs, 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.
  
 In the
event your employment is terminated due to your Retirement or Permanent 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 the PSU
vesting date after the end of the relevant Performance Period based on the overall payout multiplier for the Performance Objectives.

 

  

FY[    ] – FY[    ] PSU Terms and Conditions Notice    2

			
	 	  	 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
PSU Program to another business group that also participates in the PSU Program, you will remain eligible to receive payment under your PSU Award.
  

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 the PSU Award, 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 such 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 the commencement of such 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 2013 LTIP.

 

	 Current Market Price of Class A Common Stock
	  	 You can at any time find out the current market price of NWSA Shares on NASDAQ at
http://www.nasdaq.com/quotes by using the code “NWSA.” Also, News Corp undertakes to provide you the current market price of NWSA Shares on NASDAQ within a reasonable period of you making such a request by email to
EquityPlanAdmin@newscorp.com.
  

	 Adjustments to News Corp Actual Results
	  	 At the end of or during the Performance Period, as applicable, actual results for News Corp may
be adjusted at the sole discretion of the Committee as it deems appropriate (and subject to the terms of applicable regulatory rules) 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.
  
 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 accepting the PSU Award
and receiving this PSU Terms and Conditions Notice) that the eligibility to receive PSUs is made on a fully discretionary basis by the Committee and that the PSU Award does not lead to a vested right to receive any cash value of NWSA Shares, any
additional PSUs or any other equity
  

  

FY[    ] – FY[    ] PSU Terms and Conditions Notice    3

			
	 	  	 incentive awards in the future.

 
 Further, the PSU Award set forth in the Summary of PSU Award constitutes a
non-recurring benefit and the terms of this PSU Terms and Conditions Notice are only applicable to the PSU Award distributed subject to this PSU Terms and Conditions Notice.
  

	 Employment Agreements
	  	 This PSU Terms and Conditions Notice 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 or any Affiliate and, if there is any conflict between the terms of such employment agreement and the terms hereof, the employment agreement
shall control, except with respect to the forfeiture and recoupment provisions set forth below which shall control.
  

	 Forfeiture; Recoupment
	  	 Notwithstanding anything to the contrary in this PSU Terms and Conditions Notice, Participant
acknowledges and agrees that the Committee shall have the right to cause Participant to forfeit any gain realized by Participant with respect to the PSU Award and any Dividend Equivalents credited to you hereunder, as the Committee in its discretion
shall determine, on account of actions taken by, or failed to be taken by, Participant in violation or breach of or in conflict with any (i) employment agreement, (ii) non-competition agreement, (iii) agreement prohibiting solicitation of employees
or clients of News Corp or any Affiliate, (iv) confidentiality obligation with respect to News Corp or any Affiliate, (v) News Corp policy or procedure including, without limitation, News Corp’s Standards of Business Conduct, (vi) other
agreement or (vii) any other obligation of Participant to News Corp or any Affiliate.
  

	 Confidentiality
	  	 You acknowledge that you have read and understand News Corp’s policies on confidentiality
as set forth in the News Corp Standards of Business Conduct and the News Corp Insider Trading and Confidentiality Policy (collectively, the “Confidentiality Policies”) and hereby agree that during the course of your employment with News
Corp or any Affiliate and any time after your employment with News Corp or any Affiliate 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
	  	 The PSU Award 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 the PSU Award as a result of that termination or from the loss or diminution in value of such rights.
  

	 Stockholder Rights
	  	 You, your estate and your 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.
  

	 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.

 

  

FY[    ] – FY[    ] PSU Terms and Conditions Notice    4

			
	 Applicable Law and Forum
	  	 This PSU Terms and Conditions Notice will be interpreted and enforced under the laws of the
State of New York.
  
 By accepting the 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 Terms and Conditions Notice, 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 Terms and Conditions Notice shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this PSU Terms and Conditions Notice, and this PSU Terms and Conditions Notice shall be construed and enforced as if the illegal or invalid provision had
not been included.
  

	 Data Privacy
	  	 News Corp and its Affiliates may collect, hold, use and process personal data about you in order
to administer the 2013 LTIP. Such data includes, but are not limited to, information about you contained in the Summary of PSU Award, other personal and financial data about you, such as your Social Security or 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 and its Affiliates to facilitate the administration of the 2013 LTIP
(collectively, “Personal Data”).
  
 News Corp and its Affiliates
will use reasonable administrative, technical and physical measures to safeguard your Personal Data in its possession against loss, theft and unauthorized use, disclosure or modification. News Corp and its Affiliates will retain Personal Data
for no longer than is necessary for sound business and record retention purposes. You have a right to access your Personal Data and a right to ask for the correction or deletion of any inaccurate data held by News Corp and its Affiliates
concerning yourself. If you wish to exercise those rights, please contact your local Human Resources representative and the News Corp Equity Plans Group.
  

News Corp and its Affiliates may make your Personal Data available to other parties, such as accountants, auditors, lawyers and other outside professional
advisors, and to service providers that assist News Corp and its Affiliates in the administration of the 2013 LTIP (collectively, “Service Providers”). News Corp and its Affiliates take steps to ensure that Service Providers protect the
confidentiality and security of your Personal Data.
  
 By accepting the PSU
Award, you freely give unambiguous consent to News Corp and its Affiliates to collect, hold, use and process your Personal Data and to make your Personal Data available to Service Providers for the purpose of administering the 2013 LTIP on the terms
set out above. The processing for such administration is governed by your Fidelity Stock Plan Services Agreement, and agreements between News Corp and such Service Providers.

 

	 Special Non-U.S. Terms and
Conditions
	  	 Notwithstanding any provisions in this PSU Terms and Conditions
Notice, the PSU Award shall be subject to any special terms and conditions applicable to your country set forth in Appendix A attached hereto, which constitutes part of this PSU Terms and Conditions Notice. Moreover, if you relocate to one of
the countries included in Appendix A, the special terms and conditions for such country will apply to you, to the extent News Corp determines that the application of such terms and conditions is necessary or advisable for legal or
administrative reasons. You agree that the terms and conditions set forth in Appendix A will control in the case of any conflict between the body of this PSU Terms

 

  

FY[    ] – FY[    ] PSU Terms and Conditions Notice    5

			
	 	  	 and Conditions Notice and Appendix A.

 

	 Consent to Electronic Delivery
	  	 News Corp may choose to deliver certain statutory materials relating to the 2013 LTIP in
electronic form. By accepting the PSU Award, you agree that News Corp and its Affiliates may deliver the 2013 LTIP, the 2013 LTIP prospectus, News Corp’s annual report on Form 10-K and any related documents to you in an electronic format. If,
at any time, you would prefer to receive paper copies of any such documents that you are entitled to receive, News Corp would be pleased to provide paper copies. Please contact the News Corp Equity Plans Group at EquityPlanAdmin@newscorp.com
to request paper copies of these documents.
  

	 2013 LTIP Materials
	  	 Copies of the 2013 LTIP, the 2013 LTIP prospectus and News Corp’s annual report on Form
10-K are available on the Fidelity Stock Plan Services website at www.netbenefits.com.
  

	 Section 409A
	  	 It is intended that this PSU Terms and Conditions Notice comply
with Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, this PSU Terms and Conditions Notice will be interpreted and administered to be in compliance with Section 409A of the Code. To the
extent that News Corp determines that you would be subject to the additional taxes or penalties imposed on certain nonqualified deferred compensation plans pursuant to Section 409A of the Code as a result of any provision of this PSU Terms and
Conditions Notice, such provision shall be deemed amended to the minimum extent necessary to avoid application of such additional taxes or penalties. The nature of any such amendment shall be finally determined by News Corp.

 
 Notwithstanding anything to the contrary in this PSU Terms and Conditions Notice or
the 2013 LTIP, to the extent required to avoid accelerated taxation and penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the PSU Award during the six-month
period immediately following your “separation from service” within the meaning of Section 409A of the Code (a “Separation from Service”) will instead be paid on the first payroll date after the six-month anniversary of your
Separation from Service (or your death, if earlier). Notwithstanding anything to the contrary in this PSU Terms and Conditions Notice, for purposes of any provision of this PSU Terms and Conditions Notice providing for the settlement of any NWSA
Shares upon or following a termination of employment or a termination of Service that are considered “deferred compensation” under Section 409A of the Code, references to your “termination of employment” or “termination of
Service” (and corollary terms) with News Corp or any Affiliate shall be construed to refer to your Separation from Service. Notwithstanding anything to the contrary in this PSU Terms and Conditions Notice, if the PSUs are scheduled to vest and
be settled between a Dividend record date and a Dividend payment date, then Dividend Equivalents with respect to such Dividend will be credited and paid to you on the Dividend payment date for such Dividend, but in no event later than the later of
(i) March 15th following the date on which the PSUs vest and (ii) two and one half months following the end of the fiscal year of News Corp in which the PSUs vest.

 

  

FY[    ] – FY[    ] PSU Terms and Conditions Notice    6

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