Document:

Sony Group Corporation S-8

Exhibit 4.1 

 

Restricted
Stock Unit (RSU) Regulations

 

Chapter
I General Provisions

 

Article
1.1 (Purpose)

The
purpose of these Regulations (including any Exhibit; the same shall apply hereinafter) is for Sony Group Corporation (the “Corporation”)
to introduce a stock compensation plan where shares of its common stock (the “Share(s)”) are delivered after vesting
and to set out the circumstances under which the Corporation may issue or transfer the Shares (the issue or transfer of the Shares
is referred to as “deliver” or “delivery”) to the directors, officers or employees of the Corporation
or its subsidiaries as stock compensation for the purpose of giving the Recipients (as defined in Article 1.2; the same shall
apply hereinafter) an incentive to contribute towards the improvement of the business performance of the Sony Group and thereby
improve the business performance by making the economic interest, that the Recipient will receive, correspond to the business
performance of the Sony Group.

 

Article
1.2 (Recipients)

The
directors, officers and employees of the Corporation or its subsidiaries subject to these Regulations shall be those listed in
each of the following items and designated by the Corporation as the persons to whom the Shares are to be delivered (the “Recipient(s)”):

(1)
directors of the Corporation or its subsidiaries (including outside directors);

(2)
senior executives of the Corporation (including corporate executive officers); and

(3)
other officers and employees of the Corporation or its subsidiaries.

 

Article
1.3 (Types of Stock Compensation)

Under
these Regulations, the Corporation shall grant the Recipients stock compensation where the Corporation shall grant the Recipients
the number of units (the “Units”) (each Unit being a right to receive Shares in accordance with these Regulations;
the same shall apply hereinafter) predetermined by the Corporation and shall deliver to the Recipients the number of the Shares
that Vest (as defined below) in accordance with the method of vesting set forth in the Exhibit (the Restricted Stock Unit or the
“RSU”).

 

Chapter
II Granting of Units

 

Article
2.1 (Granting of Units)

		1.	When
                                         the Corporation grants the Units under these Regulations, the following matters shall
                                         be determined by (i) the compensation committee of the Corporation (the “Compensation
                                         Committee”), when the Units shall be granted to directors or corporate executive
                                         officers of the Corporation,
                                         or (ii) the representative corporate executive officer of the Corporation (the “Representative Corporate Executive Officer”), when the Units
                                         shall be granted to other persons:

		(1)	the
                                         Recipients of the Units;

		(2)	the
                                         number of the Units and the date of grant (the “Date of Grant”);

		(3)	the
                                         applicable method of vesting;

		(4)	the
                                         date of the Vesting (the “Vesting Date”) or method for determining the Vesting
                                         Date; and

		(5)	any
                                         other matters necessary for granting the RSU under these Regulations.

 

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		2.	The
                                         Recipients are not required to pay for the grant of the Units. The Units shall be granted
                                         by the Corporation by giving notice of the conditions of the RSU to the Recipients in
                                         writing, or by any other means the Corporation deems appropriate.

 

Chapter
III Vesting of Units

 

Article
3.1 (Vesting of Unit)

		1.	The
                                         Units shall Vest in accordance with the method set forth in the Exhibit and the Corporation
                                         shall deliver to the Recipient one (1) Share per Unit that Vests (the “Number of
                                         Shares for RSU”). In these Regulations, “Vesting”, “Vest”
                                         or “Vested” shall mean the vesting of the Units and the Recipient’s
                                         right to receive the Shares and the “Vesting Date” shall mean the date of
                                         vesting, in accordance with Chapters III and IV and the Exhibit.

 

		2.	If
                                         the total number of the issued Shares increases or decreases due to a stock consolidation
                                         or stock split (including free distribution of shares (musho wariate)) before
                                         the delivery of the Shares under the preceding Paragraph, the Number of Shares for RSU
                                         shall be adjusted by multiplying the Number of Shares for RSU before the adjustment by
                                         the ratio of the consolidation or split. In addition, if the Corporation conducts a merger
                                         or company split or if it is necessary in other cases to adjust the Number of Shares
                                         for RSU before the delivery of the Shares under the preceding Paragraph, the Corporation
                                         may appropriately adjust the Number of Shares for RSU to a reasonable extent.

 

		3.	If
                                         the Corporation deems it necessary to change the Vesting conditions set out in Paragraph
                                         1 of this Article and the Exhibit, the Corporation may change the conditions (i) for
                                         the directors or corporate executive officers of the Corporation by a resolution of the
                                         Compensation Committee or (ii) for other persons by a decision of the Representative
                                         Corporate Executive Officer.

 

Article
3.2 (Procedures for Delivery of Shares)

		1.	When
                                         the Units granted to a Recipient Vest, the Corporation shall deliver the Shares to the
                                         Recipient in accordance with these Regulations.

 

		2.	The
                                         Recipients shall take the necessary procedures for the delivery of the Shares designated
                                         by the Corporation. If a Recipient fails to take the procedures properly, the Recipient
                                         will lose his/her right to receive the Shares in respect of the relevant Units; provided,
                                         however, this shall not apply in cases where the prior consent of the Corporation is
                                         obtained.

 

		3.	The
                                         delivery of the Shares under Paragraph 1 shall be made by newly recording or transferring
                                         such Shares to the share account specified in the following Paragraph through a new issue
                                         or transfer of the treasury Shares in accordance with a decision of the Representative
                                         Corporate Executive Officer (the “Issuance or Transfer Decision”).

 

		4.	Each
                                         Recipient shall agree to use services and systems (the “Designated Management Services”)
                                         provided by a third party designated in advance by the Corporation and shall agree to
                                         and comply with the terms and conditions and other matters designated by such third party
                                         for the grant and management of the Units, and shall not be entitled to receive the Shares
                                         unless such Recipient agrees to and comply with the terms of conditions and other matters
                                         designated by such third party.

 

		5.	If
                                         the Corporation deems it necessary, each Recipient shall appoint the financial instruments
                                         business operator designated in advance by the Corporation, and shall establish a securities
                                         account in which any Shares shall be described or recorded through a method designated
                                         by the Corporation by the time of the Issuance or Transfer Decision. If the Corporation
                                         deems it necessary, in addition to Paragraph 4, each Recipient shall agree to use a third
                                         party designated in advance by the Corporation and shall agree to and comply with the
                                         terms and conditions and other matters designated by such third party for the procedures
                                         for the delivery of the Shares and for the management, disposal and other matters relating
                                         to the Shares, and shall not be entitled to receive the Shares unless such Recipient
                                         agrees to and comply with the terms and conditions and other matters designated by such
                                         third party.

 

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		6.	If
                                         the Recipients acquires the right to receive the Shares in accordance with these Regulations
                                         on the Vesting Date, the Corporation shall be obligated to deliver the Shares to the
                                         Recipients in accordance with these Regulations.

 

		7.	The
                                         Corporation or its subsidiaries shall grant to each Recipient a monetary compensation
                                         receivable in an amount equal to the amount calculated by multiplying the Number of Shares
                                         for RSU by the amount to be paid per Share in respect of the relevant issue or transfer
                                         of the Shares, and the Recipient shall acquire the Shares by contributing the monetary
                                         compensation receivable; provided, however, when all or part of the monetary compensation
                                         receivables granted to Recipients of the Corporation’s subsidiaries are granted
                                         by such subsidiaries, the Corporation shall assume such subsidiaries’ debt obligation
                                         owed to such Recipients of its subsidiaries in relation to such monetary compensation
                                         receivables pursuant to the cumulative debt assumption agreements between the Corporation
                                         and its subsidiaries. The Recipient of the Corporation’s subsidiaries shall contribute
                                         in kind both of the monetary compensation receivables granted by such subsidiaries and
                                         the monetary compensation receivables (if any) granted by the Corporation.

 

		8.	The
                                         amount to be paid per Share in respect of the issue or transfer of the Shares set out
                                         in the preceding paragraph shall be determined by the Corporation based on the closing
                                         price of the Share in the regular trading thereof on the Tokyo Stock Exchange on the
                                         trading day immediately preceding the date of the Issuance or Transfer Decision (or,
                                         if no transaction has been effected on such trading day, the closing price on the immediately
                                         preceding trading day) and at a price that is not particularly favourable to the Recipients
                                         receiving the Shares and within the range that will be comply with applicable laws and
                                         regulations.

 

		9.	Each
                                         Recipient agrees that the Shares to be delivered under Paragraph 1 are not American Depository
                                         Receipts (ADRs) but shares of common stock of the Corporation and that the monetary compensation
                                         receivable to be granted under Paragraph 7 shall be in Japanese yen.

 

		10.	If
                                         any special circumstances make it difficult to deliver the Shares or if the Corporation
                                         otherwise deems it necessary, the Corporation may, at its discretion, pay monies of equal
                                         value as a substitute for the delivery of the Shares.

 

Chapter
IV Other Units Handling

 

Article
4.1 (Extinguishment of Units)

		1.	The
                                         Recipient shall not be entitled to the delivery of any Shares if the Recipient abandons
                                         the Units.

 

		2.	The
                                         Units shall lapse and the Recipient will not be entitled to receive any Shares (in item
                                         (8) below, only the Units of which the conditions for the Vesting as provided for in
                                         these Regulations are no longer capable of being satisfied) in respect of those Units
                                         if any of the following occurs prior to the Vesting Date:

 

		(1)	The
                                         Recipient is subject to imprisonment or other serious criminal penalty;

		(2)	A
                                         petition for the commencement of bankruptcy proceedings, the commencement of civil rehabilitation
                                         proceedings or the commencement of any other similar proceedings is filed against the
                                         Recipient;

 

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		(3)	A
                                         petition seeking an attachment, a provisional attachment, a provisional disposition,
                                         a compulsory execution or a public auction is filed against the Recipient, or the Recipient
                                         receives a penalty for any default on the payment of taxes or other public dues;

		(4)	(If
                                         the plan for the Units to be granted to the Recipient is other than Plan D as set forth
                                         in the Exhibit) the Recipient ceases to hold all the positions that he or she holds as
                                         a director, a corporate executive officer and/or any other officer at, and, if applicable,
                                         ceases to be an employee of, the Corporation or a Related Company of the Corporation
                                         (a “Related Company” means a “subsidiary (kogaisha)” as
                                         defined in Article 8, Paragraph 3 of the Ordinance on the Terminology, Forms and Preparation
                                         Methods of Financial Statements, etc. or an “affiliated company (kanren kaisha)”
                                         as defined in Paragraph 5 of such Article; and together with the Corporation, the “Group
                                         Companies”) (except for cases where the Recipient ceases to hold all such positions
                                         due to his or her death or any other justifiable reason that is approved by the Compensation
                                         Committee or the Representative Corporate Executive Officer);

		(5)	In
                                         the event that the Compensation Committee or the Representative Corporate Executive Officer
                                         deems that the Recipient has (a) violated the Sony Group Code of Conduct or any other
                                         written internal regulations of the Group Companies applicable to the Recipient, or has
                                         otherwise breached a duty of loyalty owed by the Recipient to the Group Companies, (b)
                                         breached the terms of any written employment or services agreement with the Group Companies
                                         applicable to the Recipient or (c) taken or failed to take any action that would constitute
                                         “cause” as defined in such agreement applicable to the Recipient;

		(6)	The
                                         Compensation Committee or the Representative Corporate Executive Officer determines that
                                         the Recipient is in violation of the provisions of these Regulations;

		(7)	The
                                         Recipient assumes the position of an officer, employee or consultant of, or other similar
                                         service-provider to, a company that is deemed by the Compensation Committee or the Representative
                                         Corporate Executive Officer to have a competitive relationship with the Group Companies
                                         (except for cases where the Recipient obtains the prior written approval of the Corporation);
                                         or

		(8)	to
                                         the extent that the conditions for the Vesting as provided for in these Regulations in
                                         respect of unvested Units are no longer capable of being satisfied.

 

Article
4.2 (Restriction on Disposal of Units)

The
Recipient may not transfer or encumber or otherwise dispose of any Units in any manner whatsoever.

 

Article
4.3 (Handling of Units upon Reorganization)

		1.	If:

 

		(1)	a
                                         merger (limited to where the Corporation is to be dissolved as a result of the merger);

		(2)	an
                                         absorption-type company split or incorporation-type company split in which the Corporation
                                         is to be split as a result of the company split (limited to where the Corporation is
                                         to allot all or a part of the consideration for the company split to the shareholders
                                         of the Corporation on the effective date of the company split);

		(3)	a
                                         share exchange or share transfer (limited to where the Corporation becomes a wholly-owned
                                         subsidiary as a result of the share exchange or share transfer);

 

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		(4)	a
                                         stock consolidation (limited to where the number of the Shares to be issued upon the
                                         Vesting of all of the unvested units granted to the Recipients become only fraction less
                                         than one (1) share as a result of the stock consolidation);

		(5)	an
                                         acquisition of all of the Shares conducted by attaching the wholly call clause set out
                                         in Article 108, Paragraph 1, Item 7 of the Companies Act of Japan; or

		(6)	a
                                         demand for share cash-out covering the Shares (meaning the demand for share cash out
                                         set out in Article 179, Paragraph 2 of the Companies Act of Japan),

(collectively,
the “Reorganization”) (limited to where the effective date of the Reorganization occurs prior to the delivery of the
Shares under Article 3.2) is approved at a shareholders’ meeting of the Corporation (or by the Board of Directors if the
approval at a shareholders’ meeting is not required under Item 2 or in the case of Item 6), the Corporation may decide by
the resolution of the Compensation Committee or the decision of the Representative Corporate Executive Officer, that any unvested
Units (as at immediately before the effective date of the Reorganization) will Vest in the number reasonably determined based
on the period that has elapsed between the Date of Grant and the effective date of the Reorganization or any other factors. The
Corporation shall issue or pay to Recipients the Shares, monies or the Shares of the other party to the Reorganization for the
Units Vested under the preceding sentence.

In
this Paragraph, the effective date of the Reorganization means:

		(i)	in
                                         the case of an absorption-type merger, the day on which the absorption-type merger becomes
                                         effective;

		(ii)	in
                                         the case of an incorporation-type merger, the day on which the company incorporated in
                                         the incorporation-type merger is incorporated;

		(iii)	in
                                         the case of an absorption-type company split, the day on which the absorption-type company
                                         split becomes effective;

		(iv)	in
                                         the case of an incorporation-type company split, the day on which the company incorporated
                                         in the incorporation-type company split is incorporated;

		(v)	in
                                         the case of a share exchange, the day on which the share exchange becomes effective,
                                         in the case of a share transfer, the day on which the wholly-owning parent company incorporated
                                         through the share transfer is incorporated;

		(vi)	in
                                         the case of a stock consolidation, the day on which the stock consolidation becomes effective;

		(vii)	in
                                         the case of the acquisition of all of the Shares conducted by attaching the wholly call
                                         clause set out in Article 108, Paragraph 1, Item 7 of the Companies Act, the acquisition
                                         day set out in Article 171, Paragraph 1, Item 3 of the Companies Act of Japan; and

		(viii)	in
                                         the case of a demand for share cash-out, the acquisition day set out in Article 179-2,
                                         Paragraph 1, Item 5 of the Companies Act of Japan.

		2.	In
                                         order to receive the Shares in respect of the Units that Vest under the preceding Paragraph,
                                         the Recipient shall take all required steps for the delivery of the Shares by the deadline
                                         determined by the Corporation.

 

Chapter
V Others

 

Article
5.1 (Expenses, Etc.)

		1.	The
                                         Recipient shall, at his/her expense and responsibility, pay any income tax and any other
                                         taxes or public charges imposed in relation to the acquisition and the Vesting of the
                                         Units and the related acquisition and disposal of the Shares delivered. The Recipient
                                         shall also bear all other related expenses incurred by the Recipient.

 

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		2.	If
                                         the Corporation or its subsidiaries has a withholding obligation for any tax or charge
                                         under the preceding Paragraph, the Recipient shall, at the instruction of the Corporation
                                         or its subsidiaries, pay an amount equivalent to such withholding amount by making a
                                         transfer to the specified bank account or by other methods designated by the Corporation
                                         or its subsidiaries before the specified deadline.

 

		3.	In
                                         connection with the preceding Paragraph, the Corporation or its designee is authorized
                                         to withhold from any payroll or other payment to the Recipients, amounts of withholding
                                         and other taxes or fees due in relation to the acquisition and the Vesting of the Units
                                         and the related acquisition and disposal of the Shares delivered, and to take any other
                                         action to the extent permissible under applicable law as the Corporation may deem advisable
                                         to enable the Corporation and the Recipients to satisfy obligations for the payment of
                                         withholding taxes, other tax obligations and other costs and fees. This authority shall
                                         include, either on a mandatory or elective basis in the discretion of the Corporation,
                                         authority (a) to withhold or receive shares of common stock of the Corporation or other
                                         property and (b) to make cash payments in respect thereof in satisfaction of the Recipients’
                                         tax obligations and other costs and fees in relation to the acquisition and the Vesting
                                         of the Units and the related acquisition and disposal of the Shares delivered.

 

Article
5.2 (Compliance with Relevant Laws and Ordinances)

		1.	In
                                         addition to these Regulations, the Recipients shall comply with the Companies Act of
                                         Japan, the Financial Instruments and Exchange Act of Japan, and all other relevant laws
                                         and regulations, including, but not limited to, applicable U.S. laws, as well as all
                                         internal regulations of the Corporation or its subsidiaries, including, but not limited
                                         to, the Rules for Prevention of Insider Trading established by the Corporation which
                                         are applicable to the Recipients in relation to the acquisition and the Vesting of the
                                         Units and the related acquisition and disposal of the Shares.

 

		2.	The
                                         Recipient shall, in selling the Shares acquired as a result of the Vesting of the Units,
                                         confirm in advance with the Legal Division of the Corporation or its subsidiaries (or
                                         any other department of the Corporation or its subsidiaries in charge of such matters
                                         at the time), that such proposed sale is permissible under the Companies Act of Japan,
                                         the Financial Instruments and Exchange Act of Japan, and all other relevant laws and
                                         regulations, including, but not limited to, applicable U.S. laws, as well as all internal
                                         regulations of the Corporation or its subsidiaries, including, but not limited to, the
                                         Rules for Prevention of Insider Trading established by the Corporation which are applicable
                                         to the Recipients; provided, however, that this shall not apply to the Recipients for
                                         whom the Legal Division of the Corporation or its subsidiaries determines that confirmation
                                         in advance is not required.

 

Article
5.3 (Notification of Change regarding Personal Information, such as Name or Address of Recipient)

		1.	If
                                         the Recipient changes his or her personal information, such as his or her name or address
                                         notified in advance to the Corporation, the Recipient shall notify the Corporation, and
                                         a third party designated in advance by the Corporation, in writing or in a way separately
                                         designated by the Corporation.

 

		2.	If
                                         the Recipient does not make the notification required under the preceding Paragraph,
                                         the personal information before the change will be deemed to be the personal information
                                         of the Recipient.

 

Article
5.4 (Inheritance of the RSU)

		1.	In
                                         the case that the Recipient dies, the person who succeeds to the relevant Units in accordance
                                         with applicable laws and regulations (the “Successor”) may succeed to the
                                         relevant Units in accordance with the provisions of this Article and other provisions
                                         of these Regulations and conditions separately stipulated by the Corporation; provided,
                                         however, the number of Successor shall be limited to one (1) person, and in the case
                                         that Successor dies, the relevant Units may not be inherited.

 

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		2.	Succession
                                         of Units pursuant to Paragraph 1 shall be subject to the following conditions: (i) the
                                         submission to the Corporation of (a) a written notice of such succession, (b) a copy
                                         of the will, legacy division agreement or any other documents necessary for the Corporation
                                         to determine the validity of such succession and (c) any other documents deemed necessary
                                         by the Corporation and (ii) the approval by the Corporation of such succession.

 

		3.	With
                                         respect to such Units succeeded by the Successor pursuant to this Article, in principle,
                                         the Corporation shall pay to the Successor the amount of cash determined by the Corporation
                                         based on the market price of the Shares on the Vesting Date as a cash payment having
                                         a value equivalent to such Units instead of delivery of the Shares corresponding to such
                                         Units.

 

Article
5.5 (Handling in case of Disciplinary Dismissal, etc. of Recipient)

In
the case that the Recipient ceases to hold all the positions that he or she holds as a director, a corporate executive officer
and/or any other officer at, and, if applicable, ceases to be an employee of, the Group Companies due to disciplinary dismissal,
resignation under instruction, or any other reason reasonably determined by the Corporation to be equivalent thereto, if the Recipient
is using the Designated Management Services provided in Article 3.2, Paragraph 4, the Recipient agrees in advance that the Shares
held by the Recipient may be sold in accordance with the instructions of the Corporation and that the Recipient may not use the
Designated Management Services after such sale.

 

Article
5.6 (Handling of Personal Information)

Personal
information of the Recipient obtained from the Recipient may be used by the Corporation in order to prepare and manage the shareholders
registry provided for in the Companies Act of Japan and to conduct other necessary procedures for the purpose of performing these
Regulations. The Recipient also hereby agrees that the Corporation may provide personal information of the Recipient held by the
Corporation to the third parties designated in advance by the Corporation as defined in Article 3.2, Paragraph 4, the financial
instruments business operator and third parties designated in advance by the Corporation as defined in Article 3.2, Paragraph
5, securities firms, trust banks or the like in Japan or other countries, in order to engage the aforementioned persons to perform
the operations necessary to fulfill these Regulations, and that the aforementioned persons may use such personal information of
the Recipient.

 

Article
5.7 (Corporation’s Exemption from Liability)

Even
if, after the completion of the procedures for delivery of the Shares to the Recipient, there is a delay in the recording of the
Shares into the account of the Recipient due to the negligence of the officers or the employees of the Corporation or its subsidiaries
or another related party involved in the issue of the Shares or transfer of the treasury Shares, and, as a result, the Recipient
incurs loss or damage, or the Recipient incurs loss or damage for any other reason, neither the Corporation or its subsidiaries,
nor any of its directors, officers or employees, will be liable in any respect for such loss or damage.

 

Article
5.8 (Severability)

If
any provision of these Regulations, or any part thereof, is held to be invalid or unenforceable in any jurisdiction, then, for
the purposes of that jurisdiction only, such provision will be deleted and the remainder of these Regulations and the remainder
of the provisions that are held to be partly invalid or unenforceable shall continue to exist in full force and effect.

 

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Article
5.9 (Performance or Compliance in accordance with Laws and Regulations)

		1.	If
                                         it is necessary for the reason that the Recipient is deemed a resident of any country
                                         other than Japan, or for any other reason, so that, pursuant to any laws or regulations
                                         (including those of any country other than Japan) applicable to such Recipient, such
                                         Recipient or the Corporation or its subsidiaries shall be required to perform or comply
                                         with certain procedures in relation to the acquisition and the Vesting of the Units and
                                         the related acquisition and disposal of the Shares, such Recipient shall notify the Corporation
                                         or its subsidiaries in advance of the necessity to perform or comply with such procedures
                                         and the contents thereof, and perform or comply with such procedures that are required
                                         to be performed or complied with by such Recipient himself or herself, and request the
                                         Corporation or its subsidiaries to perform or comply with the procedures that are required
                                         to be performed or complied with by the Corporation or its subsidiaries. In case that
                                         the request shall be made by the Recipient for the Corporation or its subsidiaries to
                                         perform or comply with such procedures, the Corporation or its subsidiaries shall independently
                                         consider the necessity for the performance or compliance, and, if the Corporation or
                                         its subsidiaries shall come to the conclusion that it is necessary to do so, it shall
                                         perform or comply with such procedures.

 

		2.	The
                                         Recipient shall pay for all expenses, which may arise in connection with the procedures
                                         provided for in the immediately preceding Paragraph, and shall fully indemnify the Corporation
                                         or its subsidiaries against all such costs, expenses, and damages, which may arise or
                                         which the Corporation or its subsidiaries may incur, in connection with such procedures.

 

Article
5.10 (Governing Law; Jurisdiction)

		1.	These
                                         Regulations are governed by, and shall be construed in accordance with, the laws of Japan.

 

		2.	The
                                         Tokyo District Court of Japan has exclusive jurisdiction as the court of first instance
                                         in regard to any dispute relating to these Regulations.

 

Article
5.11 (Language and Time)

		1.	If
                                         the meaning of these Regulations translated into a language other than Japanese differs
                                         from the Japanese version, the Japanese version shall prevail.

 

		2.	Unless
                                         otherwise specified in these Regulations, the provisions concerning the date and time
                                         in these Regulations shall be based on Japanese Standard Time.

 

Article
5.12 (Amendment or Abolition)

		1.	The
                                         establishment, amendment, or repeal of these Regulations shall be made by a resolution
                                         of the Compensation Committee of the Corporation.

 

		2.	If
                                         it is discovered that the provisions of these Regulations does not conform to the Companies
                                         Act of Japan, the Financial Instruments and Exchange Act of Japan, the Corporate Tax
                                         Act of Japan, the Income Tax Act of Japan, or any other relevant laws or regulations,
                                         or, if the provisions of these Regulations cease to conform to those laws or regulations,
                                         the Corporation may amend the required provisions, by giving notice of the amendment
                                         to the Recipients.

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		3.	In
                                         addition to the preceding Paragraph, the Corporation may propose to the Recipients amendments
                                         to these Regulations when the Corporation deems it necessary. If the Recipient fails
                                         to make an objection in writing, with reasonable cause, to the Corporation within three
                                         weeks from the receipt of such proposal, these Regulations will be deemed to have been
                                         automatically amended in accordance with the Corporation’s proposal.

 

Article
5.13 (Manner of Notice)

Notices
by the Corporation to the Recipient under these Regulations shall be made in any of the following manners:

		(1)	delivering
                                         (including mailing) a written notice to the address of the Recipient;

		(2)	sending
                                         documents to the Recipient at his/her department in the Corporation (including the Group
                                         Companies) or sending electronic data to the e-mail address of the Recipient at the Corporation
                                         (including the Group Companies);

		(3)	giving
                                         notice on the web site of the Corporation (including the Group Companies); or

		(4)	giving
                                         notice on the web site of the third parties, as defined in Article 3.2, Paragraph 4 or
                                         Article 3.2, Paragraph 5.

 

Article
5.14 (Handling of Matters Not Provided For Herein)

The
Recipient and the Corporation shall confer in good faith to resolve any matter not stipulated in these Regulations, and the Corporation
may reasonably determine such matter if the Recipient fails to confer with the Corporation or if the Recipient and the Corporation
confer but still fail to reach an agreement.

 

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EXHIBIT (Method
of Vesting)

 

Units
shall be vested in accordance with one of the plans set forth below.

 

1.
Plan A

 

Provided
that the Recipient holds, throughout between the Date of Grant of the RSU and on the first day of the month following the month
of the 9th anniversary of the Date of Grant (or, if the date falls on a holiday of the Corporation, the following business day),
a position as a director of the Corporation, all Units held by the Recipient shall vest on the first day of the month following
the month of the 9th anniversary of the Date of Grant (or, if the date falls on a holiday of the Corporation, the following business
day); provided, however, if, before the Vesting, the Recipient ceases to hold the position that he or she holds as a director
of the Corporation due to his or her death or any other justifiable reason that is approved by the Compensation Committee (the
Compensation Committee will accept that there is a justifiable reason, unless there is a special circumstance), the Vesting Date
and the Number of Shares for RSU shall be as set forth below.

		(1)	In
                                         the case that the Recipient ceases to hold the position that he or she holds as a director
                                         of the Corporation due to the Recipient’s death:

		(a)	Vesting
                                         Date

The
date of the approval of the Corporation in accordance with Article 5.4, Paragraph 2.

		(b)	Number
                                         of Shares for RSU

The
Number of the Units held by the Recipient as of his or her death.

		(2)	In
                                         the case that the Recipient ceases to hold the position that he or she holds as a director
                                         of the Corporation due to any other justifiable reason that is approved by the Compensation
                                         Committee, other than in the case of the preceding Item:

		(a)	Vesting
                                         Date

The
first day of the month (or, if the date falls on a holiday of the Corporation, the following business day) following the month
in which the Recipient ceases to hold the position that he or she holds as a director of the Corporation (provided, however, that
the Corporation may adjust the date of the vesting within a reasonable extent from the perspective of administrative procedures).

		(b)	Number
                                         of Shares for RSU

The
Number of the Units held by the Recipient as of the date the Recipient ceases to hold the position that he or she holds as a director
of the Corporation.

 

2.
Plan B

 

Provided
that the Recipient holds, throughout between the Date of Grant of the RSU and on the first day of the month following the month
of the 3rd anniversary of the Date of Grant (or, if the date falls on a holiday of the Corporation, the following business day),
a position as a director, a corporate executive officer and/or any other officer at, or an employee of any of the Group Companies,
all Units held by the Recipient shall vest on the first day of the month following the month of the 3rd anniversary of the Date
of Grant (or, if the date falls on a holiday of the Corporation, the following business day); provided, however, if, before the
Vesting, the Recipient ceases to hold all the positions that he or she holds as a director, a corporate executive officer and/or
any other officer at, and, if applicable, ceases to be an employee of, the Group Companies due to his or her death or any other
justifiable reason that is approved by the Compensation Committee or the Representative Corporate Executive Officer, the Vesting
Date and the Number of Shares for RSU shall be as set forth below.

 

    10

     

    

 

		(1)	In
                                         the case that the Recipient ceases to hold all the positions that he or she holds as
                                         a director, a corporate executive officer and/or any other officer at, and, if applicable,
                                         ceases to be an employee of, the Group Companies due to the Recipient’s death:

		(a)	Vesting
                                         Date

The
date of the approval of the Corporation in accordance with Article 5.4, Paragraph 2. 

		(b)	Number
                                         of Shares for RSU

The
Number of Shares for RSU obtained by multiplying the amount set forth in (i) below by the amount set forth in (ii) below; however,
the Representative Corporate Executive Officer of the Corporation or the Compensation Committee of the Corporation may adjust
the Number of Shares for RSU. 

		(i)	the
                                         Number of Shares for RSU held by the Recipient as of his or her death.

		(ii)	the
                                         amount obtained by dividing (A) the number of months in the period from (x) the month
                                         including the Date of Grant to (y) the month including the date of the Recipient’s
                                         death by (B) 36.

		(2)	In
                                         the case that the Recipient ceases to hold all the positions that he or she holds as
                                         a director, a corporate executive officer and/or any other officer at, and, if applicable,
                                         ceases to be an employee of, the Group Companies due to any other justifiable reason
                                         that is approved by the Compensation Committee or the Representative Corporate Executive
                                         Officer, other than in the case of the preceding Item:

		(a)	Vesting
                                         Date

The
first day of the month (or, if the date falls on a holiday of the Corporation, the following business day) following the month
in which the Recipient ceases to hold all such positions (provided, however, that the Corporation may adjust the date of the vesting
within a reasonable extent from the perspective of administrative procedures). 

		(b)	Number
                                         of Shares for RSU

The
number of Shares obtained by multiplying the amount set forth in (i) below by the amount set forth in (ii) below; however, the
Compensation Committee or the Representative Corporate Executive Officer may adjust the Number of Shares for RSU. 

		(i)	the
                                         Number of Shares for RSU held by the Recipient as of the date he or she ceases to hold
                                         all such positions.

		(ii)	the
                                         amount obtained by dividing (A) the number of months in the period from (x) the month
                                         including the Date of Grant to (y) the month including the date that the Recipient ceases
                                         to hold all such positions by (B) 36.

 

3.
Plan C

 

Provided
that the Recipient holds, throughout between the Date of Grant of the RSU and each Vesting Date set out in column (1) of the table
below, a position as a director, a corporate executive officer and/or any other officer at, or an employee of any of the Group
Companies , the RSU shall Vest on each Vesting Date as set out in column (2) of the table below (or, if the date falls on a holiday
of the Corporation, the following business day). The number of the Units that Vest on the first day of the month following the
month of the 1st anniversary of the Date of Grant or the first day of the month following the month of the 2nd anniversary of
the Date of Grant will be rounded down to the nearest one (1) Units.

 

	Vesting
    Date (JST) (1)	Units
    Vesting (2)
	 	 
	The
    first day of the month following the month of the 1st anniversary of the Date of Grant	One
    third of the number of Units subject to the RSU

 

    11

     

    

 

	The
    first day of the month following the month of the 2nd anniversary of the Date of Grant	One
    third of the number of Units subject to the RSU
	 	 
	The
    first day of the month following the month of the 3rd anniversary of the Date of Grant	The
    remaining Units subject to the RSU

 

If,
before the Vesting, the Recipient ceases to hold all the positions that he or she holds as a director, a corporate executive officer
and/or any other officer at, and, if applicable, ceases to be an employee of, the Group Companies due to his or her death or any
other justifiable reason that is approved by the Compensation Committee or the Representative Corporate Executive Officer, the
Vesting Date and the Number of Shares for RSU shall be as set forth below.

		(1)	In
                                         the case that the Recipient ceases to hold all such positions due to the Recipient’s
                                         death:

		(a)	Vesting
                                         Date

The
date of the approval of the Corporation in accordance with Article 5.4, Paragraph 2. 

		(b)	Number
                                         of Shares for RSU

The
Number of Shares for RSU obtained by multiplying the amount set forth in (i) below by the amount set forth in (ii) below and subtracting
the amount set forth in (iii); however, the Compensation Committee or the Representative Corporate Executive Officer may adjust
the Number of Shares for RSU. 

		(i)	the
                                         Number of Shares for RSU granted to the Recipient.

		(ii)	the
                                         amount obtained by dividing (A) the number of months in the period from (x) the month
                                         including the Date of Grant to (y) the month including the date of the Recipient’s
                                         death by (B) 36.

		(iii)	the
                                         number of Units already Vested at the time of the Recipient’s death.

		(2)	In
                                         the case that the Recipient ceases to hold all such positions due to any other justifiable
                                         reason that is approved by the Compensation Committee or the Representative Corporate
                                         Executive Officer, other than in the case of the preceding Item:

		(a)	Vesting
                                         Date

The
first day of the month (or, if the date falls on a holiday of the Corporation, the following business day) following the month
in which the Recipient ceases to hold all such positions (provided, however, that the Corporation may adjust the date of the vesting
within a reasonable extent from the perspective of administrative procedures). 

		(b)	Number
                                         of Shares for RSU

The
number of Shares obtained by multiplying the amount set forth in (i) below by the amount set forth in (ii) below and subtracting
the amount set forth in (iii) ; however, the Compensation Committee or the Representative Corporate Executive Officer may adjust
the Number of Shares for RSU. 

		(i)	the
                                         Number of Shares for RSU granted to the Recipient.

		(ii)	the
                                         amount obtained by dividing (A) the number of months in the period from (x) the month
                                         including the Date of Grant to (y) the month including the date that the Recipient ceases
                                         to hold all such positions by (B) 36.

		(iii)	the
                                         number of Units already Vested as of the date the Recipient ceases to hold all such positions.

 

    12

     

    

 

4.
Plan D

 

All
the Units held by the Recipient shall vest on the date specified below corresponding to the quarter in which the Recipient ceases
to hold all the positions that he or she holds as a director, a corporate executive officer and/or any other officer at, and,
if applicable, ceases to be an employee of, the Group Companies (or, if the date falls on a holiday of the Corporation, the following
business day).

 

	Quarter
    	Vesting
    Date (JST)
	 	 
	a) First
    quarter (April 1 to June 30)	August
    1 of the same year
	 	 
	b) Second
    quarter (July 1 to September 30)	December
    1 of the same year
	 	 
	c) Third
    quarter (October 1 to December 31)	February
    1 of the next year
	 	 
	d) Fourth
    quarter (January 1 to March 31)	May
    1 of the same year

 

Provided,
however, if, before the Vesting, the Recipient ceases to hold the position that he or she holds as a director, a corporate executive
officer and/or any other officer at, and, if applicable, ceases to be an employee of, the Group Companies due to his or her death,
the Vesting Date and the Number of Shares for RSU shall be as set forth below.

		(a)	Vesting
                                         Date

The
date of the approval of the Corporation in accordance with Article 5.4, Paragraph 2.

		(b)	Number
                                         of Shares for RSU

The
Number of the Units held by the Recipient as of his or her death.

    13 

     

    

 

Sony Group
Corporation

Restricted
Stock Unit (RSU) Regulations

Israeli Procedures

 

		1.	GENERAL

		1.1	These procedures for Israeli Recipients (the “Israeli
Procedures”) shall apply only to Recipients who are tax residents of the State of Israel on the date of the grant of the RSU,
as defined below in Section 2, and are engaged by an Israeli resident subsidiary of the Corporation (collectively, “Israeli
Recipients”). The provisions specified hereunder shall form an integral part of the Sony Group Corporation Restricted Stock
Unit (RSU) Regulations (hereinafter the “Plan Document”).

 

		1.2	These Israeli Procedures are adopted pursuant to Article 5.9 of the Plan Document.
These Israeli Procedures are to be read as a continuation of the Plan Document and apply to RSUs granted to Israeli Recipients only to
the extent necessary to comply with the requirements set by Israeli law, and in particular, with the provisions of the Israeli Income
Tax Ordinance [New Version] 1961, as may be amended or replaced from time to time. These Israeli Procedures do not add to or modify the
Plan Document in respect of any other category of Recipients.

 

		1.3	The Plan Document and these Israeli Procedures are complimentary to each other
and shall be deemed as one. In the event of any conflict, whether explicit or implied, between the provisions of these Israeli Procedures
and the Plan Document, the provisions set out in the Israeli Procedures shall prevail to the extent necessary to comply with the requirements
set by the Israeli law in general, and in particular, with the provisions of the Israeli Income Tax Ordinance [New Version] 1961, as may
be amended or replaced from time to time.

 

		1.4	Any capitalized term not specifically defined in these Israeli Procedures shall
be construed according to the interpretation given to it in the Plan Document.

 

		2.	DEFINITIONS

 
		2.1	“102 RSU” means any RSU intended to qualify (as determined by
the Compensation Committee or Representative Corporate Executive Officer and/or the Israeli RSU Agreement and/or a tax ruling from the
ITA) and which qualifies as a RSU under Section 102, issued to an Approved Israeli Recipient.

 

		2.2	“Applicable Law” shall mean any applicable law, rule, regulation, statute, pronouncement,
policy, interpretation, judgment, order or decree of any federal, provincial, state or local governmental, regulatory or adjudicative
authority or agency, of any jurisdiction, and the rules and regulations of any stock exchange, over-the-counter market or trading system
on which the Shares are then traded or listed.

 

		2.3	“Approved Israeli Recipient” means an Israeli Recipient who is an employee or an officer
of an Employer, excluding any Controlling Share Holder of the Corporation.

 

		2.4	“RSU” means any RSU granted under the Plan Document which is settled solely in Shares
and which will not be capable of being settled in cash.

 

		2.5	“Capital Gain RSU” means a Trustee 102 RSU elected and designated by the Corporation
to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2) and 102(b)(3) of the Ordinance.

 

		2.6	“Controlling Share Holder” shall have the meaning ascribed to it in Section 32(9) of
the Ordinance.

 

		2.7	“Employer” means, for purpose of a Trustee 102 RSU, an Israeli resident subsidiary
of the Corporation which is an “employing company” within the meaning and subject to the conditions of Section 102(a) of the
Ordinance.

 

     

     

    

		2.8	“ITA” means the Israeli Tax Authority.

 

		2.9	“Israeli RSU Agreement” means the Notice of Granting RSUs made
in accordance with Article 2.1, Paragraph 2 of the Plan Document between the Corporation and an Israeli Recipient that sets out the terms
and conditions of a RSU

 

		2.10	“Non-Trustee 102 RSU” means a 102 RSU granted pursuant to Section 102(c) of the Ordinance
and not held in trust by a Trustee.

 

		2.11	“Ordinary Income RSU” means a Trustee 102 RSU elected and designated
by the Corporation to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance.

 

		2.12	“Ordinance” means the Israeli Income Tax Ordinance [New Version]
– 1961, as now in effect or as hereafter amended.

 

		2.13	“Rules” means the Income Tax Rules (Tax Benefits in Stock Issuance
to Employees) 5763-2003.

 

		2.14	“Section 102” means Section 102 of the Ordinance and any regulations,
rules, orders or Israeli Procedures promulgated thereunder as now in effect or as hereafter amended.

 

		2.15	“Tax” means any applicable tax and other compulsory payments,
such as any social security and health tax contributions under any Applicable Law.

 

		2.16	“Trust Agreement” means the agreement to be signed between the
Corporation, an Employer and the Trustee for the purposes of Section 102.

 

		2.17	“Trustee” means any person or entity appointed by the Corporation
to serve as a trustee and approved by the ITA, all in accordance with the provisions of Section 102(a) of the Ordinance, as may be replaced
from time to time.

 

		2.18	“Trustee 102 RSU” means a 102 RSU granted to an Approved Israeli
Recipient pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of an Approved Israeli Recipient.

 

		2.19	“Unapproved Israeli Recipient” means an Israeli Recipient who is not an Approved Israeli
Recipient, including a consultant or a Controlling Share Holder of the Corporation.

 

		3.	GRANT OF RSUS

 
		3.1	The persons eligible for participation in the Plan Document as Israeli Recipients
shall include Approved Israeli Recipients and Unapproved Israeli Recipients, provided, however, that only Approved Israeli Recipients
may be granted 102 RSUs.

		3.2	The Compensation Committee or Representative Corporate Executive Officer may designate
RSUs granted to Approved Israeli Recipients pursuant to Section 102 as Trustee 102 RSUs or Non-Trustee 102 RSUs.

		3.3	The grant of Trustee 102 RSUs shall be subject to these Israeli Procedures and
shall not become effective prior to the lapse of 30 days from the date the Plan Document has been submitted for approval by the ITA and
shall be conditioned upon the approval of the Plan Document and these Israeli Procedures by the ITA.

		3.4	Trustee 102 RSUs may either be classified as Capital Gain RSUs or Ordinary Income
RSUs.

    2 

     

    

		3.5	No Trustee 102 RSU may be granted under these Israeli Procedures to any Approved
Israeli Recipient, unless and until the Corporation has filed with the ITA its election regarding the type of Trustee 102 RSUs, whether
Capital Gain RSUs or Ordinary Income RSUs, that will be granted under the Plan Document and these Israeli Procedures (the “Election”).
Such Election shall become effective beginning the first date of grant of a Trustee 102 RSU under these Israeli Procedures and shall remain
in effect at least until the end of the year following the year during which the Corporation first granted Trustee 102 RSUs. The Election
shall obligate the Corporation to grant only the type of Trustee 102 RSU it has elected, and shall apply to all Israeli Recipients
who are granted Trustee 102 RSUs during the period indicated herein, all in accordance with the provisions of Section 102(g) of the Ordinance.
For the avoidance of doubt, the Election shall not prevent the Corporation from granting Non-Trustee 102 RSUs simultaneously.

		3.6	All Trustee 102 RSUs must be held in trust by, or subject to the approval of the
ITA, under the control or supervision of a Trustee, as described in Section 5 below.

		3.7	The designation of Non-Trustee 102 RSUs and Trustee 102 RSUs shall be subject to
the terms and conditions set forth in Section 102.

		3.8	RSUs granted to Unapproved Israeli Recipients shall be subject to tax according
to the provisions of the Ordinance and shall not be subject to the Trustee arrangement detailed herein.

 
		4.	102 RSU GRANT DATE

 
Each 102 RSU
will be deemed granted on the date determined by the Compensation Committee or Representative Corporate Executive Officer, subject to
the provisions of the Plan Document, provided that and subject to (i) the Israeli Recipient has signed all documents required by the Corporation
or Applicable Law, and (ii) with respect to any Trustee 102 RSU, the Corporation has provided all applicable documents to the Trustee
in accordance with the guidelines published by the ITA such that if the guidelines are not met the RSU will be considered as granted on
the date determined by the Compensation Committee or Representative Corporate Executive Officer as a Non-Trustee RSU.

		5.	TRUSTEE

 
		5.1	Trustee 102 RSUs which shall be granted under these Israeli Procedures and/or any
Shares allocated or issued upon the grant or vesting of a Trustee 102 RSU and/or other Shares received following any realization of rights
under the Plan Document, shall be allocated or issued to the Trustee or controlled by the Trustee, for the benefit of the Approved Israeli
Recipients, in accordance with the provisions of Section 102 and any approval issued by the ITA. In the event the requirements for Trustee
102 RSUs are not met, the Trustee 102 RSUs may be regarded as Non-Trustee 102 RSUs or as RSUs which are not subject to Section 102, all
in accordance with the provisions of Section 102.

		5.2	With respect to any Trustee 102 RSU, subject to the provisions of Section 102,
an Approved Israeli Recipient shall not sell or release from trust any Shares received upon the grant or vesting of a Trustee 102 RSU
and/or any Shares received following any realization of rights, including, without limitation, stock dividends, under the Plan Document
at least until the lapse of the period of time required under Section 102 or any shorter period of time determined by the ITA (the “Holding
Period”). Notwithstanding the foregoing, if any such sale or release occurs during the Holding Period, the sanctions under Section
102 shall apply to and shall be borne by such Approved Israeli Recipient.

		5.3	Notwithstanding anything to the contrary, the Trustee shall not release or sell
any Shares allocated or issued upon the grant or vesting of a Trustee 102 RSU unless the Corporation, the Employer and the Trustee are
satisfied that the full amounts of any Tax due have been paid or will be paid.

		5.4	Upon receipt of any Trustee 102 RSU, the Approved Israeli Recipient will consent to the grant of such
RSU under Section 102 and undertake to comply with the terms of Section 102 and the trust arrangement between the Corporation and the
Trustee.

 

    3 

     

    

		5.5	Any RSU classified as a Capital Gain RSU is meant to comply with the terms and conditions of Section 102
and the requirements of the ITA, therefore it is clarified that at all times the Plan Document and these Israeli Procedures are to be
read such that they comply with the requirements of Section 102 and as a consequence, should any provision in the Plan Document or Israeli
Procedures disqualify the Plan Document and/or the RSUs granted thereunder from beneficial tax treatment pursuant to the provisions of
Section 102 of the Ordinance, such provision shall be considered invalid either permanently or until the Israel Tax Authority provides
approval of compliance with Section 102.

 

		6.	WRITTEN RECIPIENT UNDERTAKING

 
		6.1	With respect to any Trustee 102 RSU, as required by Section 102 and the Rules,
by virtue of the receipt of such RSU, the Israeli Recipient is deemed to have provided, undertaken and confirmed the following written
undertaking (and such undertaking is deemed incorporated into any documents entered into by the Israeli Recipient in connection with the
grant of such RSU), and which undertaking shall be deemed to apply and relate to all Trustee 102 RSUs granted to the Israeli Recipient,
whether under the Plan Document and these Israeli Procedures or other plans maintained by the Corporation, and whether prior to or after
the date hereof:

		6.1.1	The Israeli Recipient shall comply with all terms and conditions set forth in Section
102 with regard to the Capital Gain RSUs or Ordinary Income RSUs, as applicable, and the applicable rules and regulations promulgated
thereunder, as amended from time to time;

		6.1.2	The Israeli Recipient is familiar with, and understands the provisions of, Section
102 in general, and the tax arrangement under the Capital Gain RSUs or Ordinary Income RSUs in particular, and its tax consequences; the
Israeli Recipient agrees that the Trustee 102 RSUs and any Shares that may be issued upon vesting of the Trustee 102 RSUs (or otherwise
in relation to such RSUs), will be held or controlled by a Trustee appointed pursuant to Section 102 for at least the duration of the
Holding Period under the Capital Gain RSUs or Ordinary Income RSUs, as applicable. The Israeli Recipient understands that any release
of such Trustee 102 RSUs or Shares from trust, or any sale of the Shares prior to the termination of the Holding Period, will result in
taxation at the marginal tax rate, in addition to deductions of any appropriate income tax, social security, health tax contributions
or other compulsory payments; and

		6.1.3	The Israeli Recipient agrees to the Trust Agreement entered into by and between
the Corporation, the Employer and the Trustee appointed pursuant to Section 102.

 
		7.	THE RSUS

 
The terms and
conditions upon which RSUs shall be granted, issued or vested under these Israeli Procedures, shall be specified in an Israeli RSU Agreement
to be executed pursuant to the Plan Document and to these Israeli Procedures. Each Israeli RSU Agreement shall provide, inter alia, the
number of Shares to which the RSU relates, the type of RSU granted thereunder (i.e., a Capital Gain RSUs or Ordinary Income RSUs or Non-Trustee
102 RSU or any RSU granted to Unapproved Israeli Recipient), and any applicable vesting provisions. For the avoidance of doubt, it is
clarified that there is no obligation for uniformity of treatment of Israeli Recipients and that the terms and conditions of RSUs granted
to Israeli Recipients need not be the same with respect to each Israeli Recipient (whether or not such Israeli Recipients are similarly
situated). The grant or vesting of RSUs granted to Israeli Recipients shall be subject to the terms and conditions as may be determined
by the Compensation Committee or Representative Corporate Executive Officer (including the provisions of the Plan Document) and, when
applicable, by the Trustee, in accordance with the requirements of Section 102.

    4 

     

    
		8.	ASSIGNABILITY, DESIGNATION AND SALE OF RSUS

		8.1	Notwithstanding any provision of the Plan Document, no RSU subject to these Israeli
Procedures or any right with respect thereto, whether fully paid or not, shall be assignable, transferable or given as collateral, and
no right with respect to any such RSU shall be given to any third party whatsoever, and during the lifetime of the Israeli Recipient,
each and all of such Israeli Recipient’s rights with respect to a RSU shall belong only to the Israeli Recipient. Any such action
made, directly or indirectly, for an immediate or future validation, shall be void.

		8.2	As long as RSUs and/or Shares issued hereunder are held by the Trustee on behalf
of the Israeli Recipient, all rights of the Israeli Recipient over the RSU and Shares cannot be transferred, assigned, pledged or mortgaged,
other than by will or laws of descent and distribution.

		9.	INTEGRATION OF SECTION 102 AND TAX ASSESSING OFFICER’S APPROVAL

		9.1.	With regard to Trustee 102 RSUs, the provisions of the Plan Document, the Israeli
Procedures and/or the Israeli RSU Agreement shall be subject to the provisions of Section 102 and any approval issued by the ITA and the
said provisions shall be deemed an integral part of the Plan Document, the Israeli Procedures and the Israeli RSU Agreement.

 

		9.2.	Any provision of Section 102 and/or said approval issued by the ITA, which must
be complied with in order to receive and/or to maintain any tax treatment with respect to a RSU pursuant to Section 102, which is not
expressly specified in the Plan Document, the Israeli Procedures or the Israeli RSU Agreement, shall be considered binding upon the Corporation,
any Employer and the Israeli Recipients. Furthermore, if any provision of the Plan Document or Israeli Procedures disqualifies RSUs that
are intended to qualify as 102 RSUs from the beneficial tax treatment pursuant to Section 102, such provision shall not apply to the 102
RSUs.

		10.	TAX CONSEQUENCES; DISCLAIMER

		10.1	Any tax consequences arising from the grant, purchase, vesting or sale of any RSU
issued hereunder, from the payment for or sale of Shares covered thereby or from any other event or act (of the Corporation, and/or its
affiliates, and the Trustee or the Israeli Recipient), hereunder, shall be borne solely by the Israeli Recipient. The Corporation and/or
its affiliates, and/or the Trustee shall withhold Tax according to the requirements of Applicable Laws, rules, and regulations, including
withholding taxes at source. Furthermore, the Israeli Recipient agrees to indemnify the Corporation and/or its affiliates and/or the Trustee
and hold them harmless against and from any and all liability for any such Tax or interest or penalty thereon, including without limitation,
liabilities relating to the necessity to withhold, or to have withheld, any such Tax from any payment made to the Israeli Recipient.

		10.2	The Corporation and/or, when applicable, the Trustee shall not be required to release
any RSU or Shares to an Israeli Recipient until all required Tax payments have been fully made.

		10.3	RSUs that do not comply with the requirements of Section 102 shall be subject to
tax under Section 3(i) or 2 of the Ordinance.

		10.4	With respect to Non-Trustee 102 RSUs, if the Israeli Recipient ceases to be employed
by the Corporation or any affiliate, or otherwise if so requested by the Corporation and/or its affiliates, the Israeli Recipient shall
extend to the Corporation and/or its affiliates a security or guarantee for the payment of Tax due at the time of the sale of Shares,
in accordance with the provisions of Section 102.

    5 

     

    

		10.7	TAX TREATMENT. NOTWITHSTANDING SECTION 5.5 ABOVE, IT IS
CLARIFIED THAT THE CORPORATION AND ITS AFFILIATES (INCLUDING THE EMPLOYER) DO NOT UNDERTAKE OR ASSUME ANY LIABILITY OR RESPONSIBILITY
TO THE EFFECT THAT ANY RSU SHALL QUALIFY WITH ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT, OR BENEFIT FROM
ANY PARTICULAR TAX TREATMENT OR TAX ADVANTAGE OF ANY TYPE AND THE CORPORATION AND ITS AFFILIATES (INCLUDING THE EMPLOYER) SHALL BEAR
NO LIABILITY IN CONNECTION WITH THE MANNER IN WHICH ANY RSU IS EVENTUALLY TREATED FOR TAX PURPOSES, REGARDLESS OF WHETHER THE RSU WAS
GRANTED OR WAS INTENDED TO QUALIFY UNDER ANY PARTICULAR TAX REGIME OR TREATMENT. THIS PROVISION SHALL SUPERSEDE ANY DESIGNATION OF RSUS
OR TAX QUALIFICATION INDICATED IN ANY CORPORATE RESOLUTION OR RSU AGREEMENT, WHICH SHALL AT ALL TIMES BE SUBJECT TO THE REQUIREMENTS
OF APPLICABLE LAW. THE CORPORATION AND ITS AFFILIATES (INCLUDING THE EMPLOYER) DO NOT UNDERTAKE AND SHALL NOT BE REQUIRED TO TAKE ANY
ACTION IN ORDER TO QUALIFY ANY RSU WITH THE REQUIREMENTS OF ANY PARTICULAR TAX TREATMENT AND NO INDICATION IN ANY DOCUMENT TO THE EFFECT
THAT ANY RSU IS INTENDED TO QUALIFY FOR ANY TAX TREATMENT SHALL IMPLY SUCH AN UNDERTAKING. NO ASSURANCE IS MADE BY THE CORPORATION AND
ANY OF ITS AFFILIATES (INCLUDING THE EMPLOYER) THAT ANY PARTICULAR TAX TREATMENT ON THE DATE OF GRANT WILL CONTINUE TO EXIST OR THAT
THE RSU WILL QUALIFY AT THE TIME OF VESTING OR DISPOSITION THEREOF WITH ANY PARTICULAR TAX TREATMENT. THE CORPORATION AND ITS AFFILIATES
(INCLUDING THE EMPLOYER) SHALL NOT HAVE ANY LIABILITY OR OBLIGATION OF ANY NATURE IN THE EVENT THAT A RSU DOES NOT QUALIFY FOR ANY PARTICULAR
TAX TREATMENT, REGARDLESS OF WHETHER THE CORPORATION OR ITS AFFILIATES (INCLUDING THE EMPLOYER) COULD HAVE TAKEN ANY ACTION TO CAUSE
SUCH QUALIFICATION TO BE MET AND SUCH QUALIFICATION REMAINS AT ALL TIMES AND UNDER ALL CIRCUMSTANCES AT THE RISK OF THE ISRAELI RECIPIENT.
THE CORPORATION AND ITS AFFILIATES (INCLUDING THE EMPLOYER) DO NOT UNDERTAKE OR ASSUME ANY LIABILITY TO CONTEST A DETERMINATION OR INTERPRETATION
(WHETHER WRITTEN OR UNWRITTEN) OF ANY TAX AUTHORITY, INCLUDING IN RESPECT OF THE QUALIFICATION UNDER ANY PARTICULAR TAX REGIME OR RULES
APPLYING TO PARTICULAR TAX TREATMENT. RSUS THAT DO NOT QUALIFY UNDER ANY PARTICULAR TAX TREATMENT COULD RESULT IN ADVERSE TAX CONSEQUENCES
TO THE ISRAELI RECIPIENT.

		11.	ONE TIME BENEFIT

The RSUs granted hereunder are extraordinary, one-time
RSUs granted to the Israeli Recipients, and are not and shall not be deemed a salary component for any purpose whatsoever, including but
not limited to, in connection with calculating severance compensation under Applicable Law, nor shall receipt of a RSU entitle an Israeli
Recipient to any future RSUs.

 
		12.	TERM OF PLAN AND ISRAELI PROCEDURES

Notwithstanding anything to the contrary in the Plan
Document and in addition thereto, the Corporation shall obtain all approvals for the adoption of these Israeli Procedures or for any amendment
to these Israeli Procedures as are necessary to comply with any Applicable Law, applicable to RSUs granted to Israeli Recipients under
these Israeli Procedures or with the Corporation's incorporation documents.

 
		13.	GOVERNING LAW

Solely for the purpose of determining the Israeli
tax treatment of RSUs granted pursuant to these Israeli Procedures, these Israeli Procedures shall be governed by, construed and enforced
in accordance with the laws of the State of Israel, without reference to conflicts of law principles.

 
* * * * *

 

    6Sony Group Corporation S-8

Exhibit
4.2

 

Notice
of Granting of RSUs

 

November
25, 2022

 

Sony Group Corporation

 

Representative Corporate Executive Officer

Chairman, President and CEO

Kenichiro Yoshida

 

The Corporation hereby notifies you that
Representative Corporate Executive Officer of the Corporation has determined to grant you the Restricted Stock Units (the “RSUs”)
as stated below on November 1, 2022, in accordance with Article 2.1, Paragraph 2 of the Restricted Stock Units (RSU) Regulations
attached hereto as Attachment 1 (the “RSU Regulations”).

 

		(1)	Grant Date

November 25, 2022.

 

		(2)	Number of RSUs to be Granted

The number
of RSUs to be granted can be found on My Equity of Equity Gateway:

 

HTTPS://SONY.GLOBALSHARESEQUITY.CO.UK/EN-GB

 

		(3)	Vesting of RSUs

		(i)	Method of Vesting (plan)

The
method of vesting (plan) applicable to the RSUs can be found on My Equity of Equity Gateway:

HTTPS://SONY.GLOBALSHARESEQUITY.CO.UK/EN-GB 

 

For details of each plan, please
see EXHIBIT (Method of Vesting) of the RSU Regulations.

 

		(ii)	Information on Vesting

The vesting
schedule and the number of RSUs scheduled to vest on each Vesting Date, respectively, and, upon the issuance or transfer of the
shares to be delivered upon vesting, the notice concerning the subscription and allotment described below can be found on My
Equity of Equity Gateway.

HTTPS://SONY.GLOBALSHARESEQUITY.CO.UK/EN-GB

  

		(4)	Other handlings

Details
regarding the granting of the RSUs, the vesting of the RSUs, the delivery of the shares and the extinguishment of the rights shall
be as set forth in the RSU Regulations (for the Recipients who are residents of Israel, including the Appendix (for Israeli
Residents) to the RSU Regulations attached hereto as Attachment 2 (the “Israeli Appendix”)).

 

    1 

     

    

 

For the Recipients who are not residents of Japan, the appendix to this notice titled Appendix for Non-Japanese Resident
(the “Global Appendix”) shall also apply.

 

		(5)	Confirmation and Consent Regarding Granting of RSUs

 

By clicking
the Accept and Agree button displayed in My Equity of Equity Gateway, it is confirmed that you have understood the
contents of this notice as well as the RSU Regulations, and it is deemed that you have agreed to the following matters. If clicking
the Accept and Agree button is not confirmed within 30 days from the Grant Date, it will be deemed that you have waived all your
rights to receive the RSUs granted to you by this notice:

HTTPS://SONY.GLOBALSHARESEQUITY.CO.UK/EN-GB 

		(i)	The RSUs specified in this notice are hereby granted to you.

		(ii)	You will comply with the provisions of the RSU Regulations (including the Israeli Appendix) and
this notice (including the Global Appendix).

		(iii)	For U.S. residents, the U.S. Prospectus attached hereto as Attachment 3 is deemed to have been
received by you.

		(iv)	When the RSUs granted to you are vested in accordance with the RSU Regulations, the notice concerning
the subscription and allotment of the shares to be delivered (fulfilling the requirement of notification pursuant to Article 203,
Paragraph 1 and Article 204, Paragraph 3 of the Companies Act of Japan) and, if applicable, the prospectus concerning the offering
of the shares to be delivered and its amendments (fulfilling the requirement under Article 15, Paragraph 2 through Paragraph 4
of the Financial Instrument and Exchange Act of Japan) will be posted in Equity Gateway. The documents are deemed to have
been received by you when the notice of delivery of such documents is posted on the system.

		(v)	You hereby authorize the Corporation or the Corporation’s agent, on behalf of you, (a) to
prepare an application form for subscription of shares which have been notified to you in accordance with item (iii) above; (b)
to fill out the necessary information and submit such share application form to the Corporation under Article 203, Paragraph 2
of the Companies Act; and (c) to take other measures required to complete the procedures for you to receive the shares pursuant
to the RSU Regulations.

		(vi)	Pursuant to Article 5.1, Paragraph 3 of the RSU Regulations, when the Corporation or its subsidiary
withholds any income tax and any other taxes or public charges upon vesting, you shall pay an amount equivalent to such withholding
amount by selling a portion of your shares to be delivered upon vesting to cover such amount or by any other method designated
by the Corporation or its subsidiary.

 

End

 

    2 

     

    

Appendix for Non-Japanese
Resident (Global Appendix)

 

Restricted Stock Units

 

Please read the general wording
below and the country specific wording (if any) which may apply depending on your location.

 

		1.	Agreement to Terms and Conditions

 

By accepting the restricted
stock units granted by Sony Group Corporation (the “Corporation”) to you (your “Award”),
you also accept the terms and conditions in this Appendix for Non-Japanese Resident (this “Appendix”). The Notice of
Granting of Units, the Restricted Stock Unit Regulations (the “RSU Regulations”) and this Appendix are the documents
that govern your Award (the “Award Documents”).

 

Capitalised terms not defined
in this Appendix will have the meaning given to them in the RSU Regulations.

 

		2.	English Language

 

In the event of any discrepancy
between the English language version of the Award Documents and any version provided to you in another language, you acknowledge
that the English version will prevail. You also confirm that you fully understand the contents of the English language version
of the Award Documents. By accepting your Award, you acknowledge that you do not need a translation of the Award Documents.

 

		3.	No Public Offer

 

Your Award is being offered
to you in your capacity as an officer or employee of the Corporation or any of its Group Companies. This is a private placement
directed at certain directors, officers and key employees of the Corporation or its Group Companies in its sole discretion. The
offering is not intended for the general public and may not be used for any public offer which requires a prospectus.

 

		4.	Offer Not Generally Registered or Approved; No Prospectus; Resale Restrictions

 

WARNING: No registration
outside of the United States: you acknowledge that the Award and Award Documents have not been authorized or approved by any applicable
securities authorities and may have been offered pursuant to an exemption from registration in your local jurisdiction. The regulatory
bodies in your jurisdiction accept no responsibility for the accuracy and completeness of the statements and information contained
in the Award Documents and take no liability whatsoever for any loss arising from reliance upon the whole or any part of the contents
of the Award Documents.

 

WARNING: No prospectus
outside of the United States: you acknowledge that no prospectus or similar offering or registration document has been prepared,
authorized or approved by any applicable authority in your jurisdiction in connection with your Award.

 

WARNING: Restricted
resale: you acknowledge that the Shares you may acquire upon settlement of your Award may be subject to restrictions on transfer
and resale in your local jurisdiction. You agree that you will comply with any such restrictions, including that you will not offer,
sell, advertise or otherwise market the Shares (or cause any of these to occur) in circumstances which constitute any type of public
offering of securities, unless an exemption applies.

 

    1 

     

    

 

		5.	Cash Settlement

 

In any jurisdiction where
it would breach any law or regulation to settle your Award in Shares or where for some practical reason the Corporation decides
it is necessary or desirable to settle your Award otherwise than in Shares, then your Award will be settled in full or in part
in cash. You acknowledge that any dividend equivalent payable in relation to your Award may be settled in cash instead of Shares.

 

		6.	No Legal or Financial Advice

 

You agree and acknowledge
that neither the Corporation, nor any person or entity acting on their behalf has provided you with any legal, investment, tax
or financial advice with respect to your participation in the RSU Regulations, your Award or any Shares or cash acquired upon settlement
of your Award. Your Award is in no way secured, guaranteed or warranted by the Corporation.

 

You are advised to exercise
caution in relation to the offer and/or grant of your Award. If you are in doubt about any of the contents of the Award Documents,
you should obtain independent professional advice.

 

		7.	Data Protection

 

By accepting your Award,
you acknowledge that your Award is subject to any data protection policy, information security documents and any other applicable
data privacy policies of the Corporation and/or a third party designated by the Corporation who manages services to administrate
your Units and Shares, which are consistent with such policies of the Corporation.

 

		8.	Acknowledgment of Tax Responsibility

 

In most countries, receiving
an Award will have tax consequences, including reporting, compliance and payment liability. By accepting your Award, you acknowledge
and agree that all payments made with respect to your Award may be subject to tax and social security in the country where you
are employed, reside or are otherwise subject to tax. You acknowledge that the Corporation may withhold amounts and make arrangements
as considered necessary to meet any tax or social security liability.

 

You acknowledge that the
Corporation does not guarantee any particular tax treatment in relation to your Award, and you agree to be responsible for and
bear any liability for any personal tax and social security charges, or similar charges, that arise in respect of your Award or
your participation in the RSU Regulations.

 

You agree to enter into
any tax elections as may be requested by the Corporation for particular tax and/or social security treatment, whether in respect
of your Award or any Shares acquired by you on the vesting of your Award.

 

    2 

     

    

 

Any tax information provided
is for reference purposes only.

 

The Corporation is not providing
any tax advice to you and you should consult your own tax advisor regarding the tax consequences of your Award if you are in any
doubt.

 

		9.	Adequate Information

 

By accepting your Award,
you certify that you: (i) have been given all relevant information and materials with respect to the Corporation’s operations
and financial condition and the terms and conditions of the Award as set out in the Award Documents; (ii) have read and understood
such information and materials; (iii) are fully aware and knowledgeable of the terms and conditions of the Award as set out in
the Award Documents; (iv) completely and voluntarily agree to the terms and conditions of the Award as set out in the Award Documents;
and, (v) consent to the use of electronic communications in connection with your Award and the RSU Regulations and consent to contracting
electronically with the Corporation (or other parties, as applicable).

 

The information provided
does not take into account your objectives, financial situation or needs.

 

You have had the opportunity
to ask questions and receive answers from the Corporation regarding the contents and the terms and conditions of the Award Documents.
If you do not understand the contents of the Award Documents, you should consult an authorized financial advisor.

 

The Corporation will, on
request, at no charge and within a reasonable time, provide you with a full copy of the RSU Regulations, which may include providing
an electronic version of the RSU Regulations or online access to the RSU Regulations.

 

		10.	Risk Warnings

 

Share price risk:
there is a risk that the Shares awarded to you under the RSU Regulations may fall as well as rise in value. Market forces will
impact the price of the Shares awarded to you, and in the worst case, the market value of the Shares may become zero. More information
in relation to the Corporation, including the share price, can be found at https://www.sony.com/en/SonyInfo/IR/.

 

Currency risk: As
the Shares are traded in Japanese yen which is not the currency in your jurisdiction, the value of the Shares to you may also be
affected by movements in the exchange rate. You agree that the Corporation is not liable for any loss due to movements in the exchange
rate or any charges imposed in relation to the conversion or transfer of money.

 

		11.	No Retention or Employment Rights

 

All benefits granted under
any Award, are an extraordinary payment and may not, in any way, be considered part of your normal remuneration. All Awards are
personal to you and are non- transferable.

 

Nothing in the Award Documents:
(i) will be taken into account in determining your wages, salary, remuneration, pension arrangements or severance pay upon termination
of your employment for any reason, bonuses, pension or retirement payments, or any similar payments to any of the foregoing; (ii)
provides you with the right to receive a grant of awards in the future; (iii) has any influence on the terms or amount of any award
that you may be granted in the future; or, (iv) guarantees that awards will vest.

 

    3 

     

    

 

You acknowledge that the
Corporation’s decision to grant your Award is discretionary and that you have no automatic right to participate in the RSU
Regulations. The Corporation may at any time in its sole discretion, decide to cease offering awards to employees.

 

You acknowledge that you
are not automatically entitled to the exercise of any discretion under the RSU Regulations in your favour and that you do not have
any claim or right of action in respect of any decision, omission, or discretion which may operate to your disadvantage.

 

You agree to waive all rights
which might arise in connection with the RSU Regulations, other than the right to acquire Shares or cash (subject to and in accordance
with the RSU Regulations), in consideration for and as a condition of your Award.

 

You acknowledge that you
do not have any right to compensation or damages for any loss (actual or potential) in relation to the RSU Regulations or your
Award.

 

		12.	Exchange Controls & Reporting Requirements

 

You agree that you are solely
responsible for complying with any exchange control regulations or foreign asset reporting requirements which apply to you with
respect to your Award, and the Corporation will not be responsible for obtaining exchange control approval on your behalf. In the
event that you fail to obtain any required exchange control approval, the Corporation will not be liable in any way for any resulting
fines or penalties. You should seek independent professional advice if you are unsure about your foreign exchange obligations as
a result of your participation in the RSU Regulations.

 

		13.	Mobile Employees

 

If you are a mobile employee,
meaning that you are based in different jurisdictions during the course of your employment and the vesting period of your Award,
or that you are or may be subject to tax in more than one country, you are strongly encouraged to inform the Corporation and to
speak with a personal tax advisor regarding the tax treatment of your Award.

 

		14.	Severability

 

In the event any provision
or part of this Appendix is found to be invalid or unenforceable, only that particular provision or part so found, and the other
provisions of the Appendix shall be effective.

 

European Union specific wording

 

		15.	If you are subject to the laws of an EU Member State 

 

This offer is being made
to selected individuals as part of an officer or employee incentive programme in order to provide an additional incentive and
to encourage officer or employee share ownership and to increase your interest in the Corporation’s success. The Shares
which are the subject of these rights are new and existing ordinary Shares in the Corporation. More information in relation to
the Corporation including the share price can be found at the following web address: https://www.sony.com/en/SonyInfo/IR/.

 

    4 

     

    

 

The obligation to publish
a prospectus in the EU does not apply because of Article 1(4)(b) of the EU Prospectus Regulation. The total maximum number of Shares
which are the subject of this offer is 499,842.

 

Country specific wording

 

		16.	If you are subject to the laws of Canada 

 

In addition to any restrictions
on resale and transfer noted in the Award Documents, Shares acquired pursuant to the plan will be subject to certain restrictions
on resale imposed by Canadian provincial securities laws (in general, participants in the offering who are resident in Canada may
not resell their Shares to Canadian purchasers). Accordingly, prospective participants are encouraged to seek legal advice prior
to any resale of such Shares.

 

By accepting your Award,
you represent and warrant to the Corporation that your participation under the RSU Regulations is voluntary and that you have not
been induced to participate by expectation of engagement, appointment, employment, continued engagement, continued appointment
or continued employment, as applicable.

 

Your Award cannot be settled
in cash or using Shares purchased on the market. Your Award will only be settled using treasury Shares or newly issued Shares of
the Corporation.

 

If you are a resident of
Québec, by accepting your Award, you acknowledge that you have expressly requested that all documents evidencing or relating
in any way to the grant of the Award (including, for greater certainty, any confirmation or any notice) will be in the English
language only.

 

Si vous êtes résident
de Québec, vous reconnaissez, en acceptant l'allocation effectuée à votre profit, avoir expressément
exigé que tous les documents relatifs à cette allocation ou s'y rapportant de quelque manière que ce soit
(incluant, pour plus de certitude, toute confirmation ou tout avis) soient rédigés en anglais uniquement.

 

		17.	If you are subject to the laws of China 

 

The RSU Regulations and
your employing entity have been registered with the State Administration of Foreign Exchange in China (SAFE), to enable you to
receive Shares under the RSU Regulations. As a term of the SAFE consent, certain procedures must be followed.

 

By accepting your Award
you acknowledge that if you sell all or part of the Shares held by you, which were acquired in connection with your Award(s) in
accordance with the RSU Regulations, the proceeds of such sale shall be repatriated to your account in China within 6 months upon
receipt of the proceeds. For the avoidance of doubt, this restriction applies whether you have ceased your employment or not.

 

    5 

     

    

 

You
agree that the Corporation is authorised to instruct its designated broker to assist with the repatriation of sale proceeds of
such Shares (on your behalf pursuant to this authorisation) and you expressly authorise the Corporation’s designated broker
to complete the repatriation of sale proceeds of such Shares. You acknowledge that the Corporation’s designated broker is
under no obligation to arrange for the repatriation of sale proceeds of such Shares at any particular foreign exchange rate.

 

Upon the sale of the Shares,
the Corporation agrees to pay you the cash proceeds from the sale of the Shares, less any brokerage fees or commissions and subject
to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to your Award and
legally applicable to you.

 

You agree that the Corporation
and/or other companies in the Sony group (including your employer) may provide your information to any third parties (including
persons acting as agents or external consultants of the Corporation and/or other companies in the Sony group (including your employer))
for the purpose of management and registry of the RSU plan and your Award, and you understand that you will be duly provided with
such third party recipient’s name and contact information.  Also, you agree that the Corporation and/or other companies
in the Sony group (including your employer) may transfer your personal information to countries and regions outside of mainland
China for the purpose of management and registry of the RSU plan and your Award.

 

The collection, use, process
and transfer of your personal information is subject to the PRC Personal Information Protection Law and you are entitled to statutory
rights and remedies thereunder. In order to exercise such rights, you can contact the Secretariat of the Stock Option Plan, Corporate
Human Resources, Sony Group Corporation or the Human Resources Department of Sony Corporation of America (the contact information
will be provided separately).

 

		18.	If you are subject to the laws of India 

 

The securities described
in the Award Documents are being offered only to a select number of qualifying employees of the Corporation, its subsidiaries or
any associated company. Such employees may not be acting on behalf of or as an agent for any other person. Securities under the
RSU Regulations will not be available for subscription or purchase by any other person.

 

The Award Documents do
not invite offers from the public for subscription or purchase of the securities of any body corporate under any law for the time
being in force in India. The website of the Corporation is not a prospectus under the applicable laws for the time being in force
in India. The Corporation does not intend to market, promote, or invite offers for subscription or purchase of the securities of
any body corporate by virtue of providing you with any of the Award Documents. The information provided in the Award Documents
is for records only. Any person who subscribes or purchases securities of any body corporate should consult their own investment
advisers before making any investments. The Corporation shall not be liable or responsible for any such investment decision made
by any person.

 

    6 

     

    

 

		19.	If you are subject to the laws of Malaysia  

 

If you are employed in
Malaysia, you should note that the grant of Awards in Malaysia constitutes or relates to an 'excluded offer', 'excluded invitation'
or 'excluded issue' pursuant to Sections 229 and 230 of the Malaysian Capital Markets and Services Act 2007.

 

Copies of the Award Documents
may have been delivered to the Securities Commission of Malaysia. The Award Documents do not constitute, and may not be used for
the purpose of, a public offering or issue, offer for subscription or purchase, invitation to subscribe for or purchase of any
securities requiring the registration of a prospectus with the Securities Commission in Malaysia under the Capital Markets and
Services Act 2007.

 

		20.	If you are subject to the laws of Portugal  

 

Your Award and the benefits
provided under the Award are in no way secured, guaranteed or warranted by the Corporation or your employer and the Corporation
and your employer does not guarantee a specified level of return on your Award or the Shares you receive upon settlement of your
Award. You expressly acknowledge that there is no obligation on the part of the Corporation or your employer to implement the RSU
Regulations and grant any Award in subsequent years.

 

		21.	If you are subject to the laws of Singapore  

 

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

 

The Awards under the RSU
Regulations are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations
2018) and Excluded Investment Products (as defined in MAS Notices SFA 04-N12 and FAA-N16).

 

		22.	If you are subject to the laws of South Korea 

 

If you are employed in
the Republic of Korea then, notwithstanding anything set forth in the Award Documents, your Award is granted by Sony Group Corporation,
not your local employer.

 

		23.	If you are subject to the laws of Switzerland  

 

The offering of Awards
under the RSU Regulations in Switzerland is exempt from the requirement to prepare and publish a prospectus under the Swiss Financial
Services Act (FinSA) because such offering by the Corporation is made exclusively to current or former members of the board of
directors, members of the management board or employees of the Corporation and its affiliates. The Award Documents do not constitute
a prospectus pursuant to FinSA, and no such prospectus has been or will be prepared for or in connection with the offering of Awards.

 

    7 

     

    

 

		24.	If you are subject to the laws of the UK 

 

This offer is being made
to selected individuals as part of an officer or employee incentive programme in order to provide an additional incentive and
to encourage officer or employee share ownership and to increase your interest in the Corporation’s success. The Shares
which are the subject of these rights are new and existing ordinary Shares in the Corporation. More information in relation to
the Corporation including the share price can be found at the following web address: https://www.sony.com/en/SonyInfo/IR/.

 

The obligation to publish
a prospectus does not apply because of Section 86(1)(aa) of the Financial Services and Markets Act 2000 (as amended, supplemented
or substituted by any UK legislation enacted in connection with the UK’s exit from the European Union). The total maximum
number of shares which are the subject of this offer is 499,842.

 

Nothing in the terms of
the Awards or any communication issued to you in connection with the Awards is intended to constitute investment advice in relation
to the Awards. If you are in any doubt as to whether to proceed in participating under the RSU Regulations or in connection with
your own financial or tax position, you are recommended to seek advice from a duly authorised independent adviser.

 

		25.	If you are subject to the laws of the United States  

 

		(1)	Fair Market Value.

 

For purposes of determining
any income tax imposed on you, unless otherwise determined by the Corporation, fair market value shall be the closing price of
the Corporation’s common stock on the Tokyo Stock Exchange (“TSE”) as of the trading day immediately preceding
the Vesting Date. In the event that the common stock ceases to trade on the TSE, fair market value shall be as determined by the
Corporation in its sole discretion.

 

		(2)	Section 409A of the Code.

 

If you are a US taxpayer,
the intent of the parties is that your grant of Awards under the RSU Regulations complies with Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code,” and such section, “Section 409A”), and the regulations and
guidance promulgated thereunder (except to the extent exempt as short-term deferrals or otherwise) and, accordingly, to the maximum
extent permitted, with respect to Awards granted to US taxpayers, the RSU Regulations shall be interpreted to be in compliance
therewith. To the extent that any provision hereof is modified in order to comply with Section 409A, such modification shall
be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to
you and the Corporation of the applicable provision without violating the provisions of Section 409A. In no event shall the
Corporation be required to pay you any “gross-up” or other payment with respect to any taxes or penalties imposed under
Section 409A with respect to any benefit paid or promised to you hereunder based on the Corporation’s reasonable good-faith
interpretation of Section 409A.

 

Notwithstanding anything
in the RSU Regulations, the date of issuance or the transfer of the Shares may be no later than two and a half months following
the calendar year in which your Award vests.

 

    8 

     

    

 

		(3)	Compliance with law.

 

If the disposition of Shares
you acquired pursuant to the RSU Regulations is not covered by any registration statement under the U.S. Securities Act of 1933,
as amended, (the “Securities Act”) and is not otherwise exempt from such registration, such Shares shall be restricted
against transfer to the extent required under the Securities Act, and the Corporation may require you, as a condition precedent
to receipt of such Shares, to represent to the Corporation in writing that the Shares you acquired are acquired for investment
only and not with a view to distribution and that such Shares shall be disposed of only if registered for sale under the Securities
Act or if there is an available exemption for such disposition.

 

    9 

     

    

Attachment 1

 

Restricted Stock Unit (RSU) Regulations

 

     

     

    

Attachment 2

 

Appendix (for Israeli Residents) to
the RSU Regulations (Israeli Appendix)

 

     

     

    

Attachment 3

 

U.S. Prospectus

 

- Restricted Stock Units

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