Document:

EX-10.2

 Exhibit 10.2 
 GENERAL RELEASE AND WAIVER 
 1. Daniel Gilbert (“Employee”), on
his/her behalf and on behalf of his/her heirs, executors, administrators, successors and assigns (collectively, “Releasor”), hereby acknowledges and agrees that Employee’s employment with barnesandnoble.com llc (the
“Company”) terminated effective February 1, 2013 (the “Separation Date”). This General Release and Waiver shall not be valid if signed before the Separation Date. 
 2. (a) Employee agrees that, after Employee’s delivery to the Company of this fully executed and notarized General Release and Waiver (the “Release”) within twenty-one (21) days of
Employee’s receipt of this Release and the expiration of the Revocation Period (defined below), Employee shall accept from the Company, and on behalf of the Company and each Releasee (as defined below), (i) the gross amount of $475,000.00
with $237,500 payable over 26 weeks in accordance with the Company’s normal pay practices, and a lump sum payment of $237,500 payable on August 9, 2013, less lawful deductions and withholdings (“Separation Payment”) and
(ii) $400,000.00 payable in a lump sum amount seventy-five (75) days after the Separation Date, less lawful deductions and withholdings (“Digital Bonus Payment”) in respect of any bonus awards that Employee would have otherwise
been eligible to receive under the Barnes & Noble.com Digital Products Device Development Incentive Bonus Plan. Employee agrees that if Employee breaches any obligations in this Release, Employee is not entitled to any further consideration
and agrees to repay the Company for any portion of the Separation Payment and Digital Bonus Payment already received. Employee understands and acknowledges that if Employee breaches this Release, Employee’s release and waiver of claims
contained in this Release remain in full force and effect. In addition, the Company retains the right to seek injunctive relief and/or damages for Employee’s breach of this Release. Employee further understands and acknowledges that he is not
entitled to the Digital Bonus Payment as a matter or right, as a matter of law, or under the Barnes & Noble.com Digital Products Device Development Incentive Bonus Plan, but that the Digital Bonus Payment approximates the pro rata share of
the Digital Bonus Payment in respect to FY 2012 that Employee would have received had he remained an employee. Employee further understands, acknowledges and agrees that he will only receive this Digital Bonus Payment if the Company, in its
discretion, determines in good faith that Employee fully complied with all terms and performance obligations and scope set forth in the Consulting Agreement dated February 2, 2013. 

(b) Employee acknowledges and agrees that (i) the Separation Payment and Digital Bonus Payment are adequate consideration for all
the terms of this Release and does not include any benefit, monetary or otherwise, which was earned or accrued or to which Employee was already entitled without signing this Release; and (ii) any monetary or other benefits which, prior to the
execution of this Release, Employee may have earned or accrued or to which Employee may have been entitled, have been paid or will be paid in accordance with the Benefits Addendum attached hereto and incorporated herein by reference. 

(c) Employee also acknowledges that, prior to or contemporaneous with Employee’s execution of this Release, Employee received all
wages and other payments, including accrued vacation pay and bonuses if any that Employee was entitled to receive, that may be due to Employee through the Separation Date from the Company or any Releasee. 

(d) Employee affirms and warrants that Employee has informed the Company Benefits Department in writing if Employee (i) is a
Medicare beneficiary (ii) is currently receiving, has received in the past, or is eligible for benefits from Medicare or (iii) has applied for or sought benefits from Medicare. Employee agrees to indemnify and hold the Company harmless for
any penalties or liability, including interest, that may be asserted against the Company pursuant to Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007, 42 U.S.C. § 1395y(b)(8) as a result of the payments and benefits
described in paragraph 2 of this Release. 
 3. THIS PARAGRAPH PROVIDES A COMPLETE RELEASE AND WAIVER OF ALL EXISTING AND POTENTIAL CLAIMS
YOU MAY HAVE AGAINST EVERY PERSON AND ENTITY INCLUDED WITHIN THE DESCRIPTION BELOW OF “RELEASEE.” BEFORE YOU SIGN THIS RELEASE, YOU MUST READ THIS PARAGRAPH CAREFULLY, AND MAKE SURE THAT YOU UNDERSTAND IT FULLY. 

(a) In consideration of Employee’s receipt and acceptance of the Separation Payment and Digital Bonus Payment from the Company and
on behalf of the Company and each Releasee (as defined below), Employee, on Employee’s behalf and on behalf of each Releasor, hereby irrevocably and generally releases the Company, its parents, affiliates, subsidiaries, and each of their
current and former officers, directors, shareholders, trustees, agents, attorneys and employees, and the heirs, executors, administrators, receivers, successors and assigns of all of the foregoing (collectively, “Releasee”), and hereby
waives and/or settles, except as may otherwise be stated in this Release, any and all actions, causes of action, suits, debts, dues, sums of money, accounts, controversies, agreements, promises, damages, judgments, executions, or any liability,
claims or demands, known or unknown and of any nature whatsoever and which Employee ever had, 

 
now has or learns later could have had, up to the date of this Release, arising directly or indirectly out of Employee’s employment with the Company, including, but not limited to, the
payment or nonpayment of any wages or compensation, Employee’s performance of services for the Company or any Releasee, any decisions by any Releasee regarding any aspect of Employee’s employment with the Company, and/or any decision not
to offer to Employee any employment with any Releasee subsequent to Employee’s termination of employment with the Company. 

(b) Specifically, without limitation, this Release applies to any rights and/or claims (i) arising under any contract, express or
implied, written or oral; (ii) for wrongful dismissal or termination of employment; (iii) arising under any applicable foreign, federal, state, local or other statutes, orders, laws, ordinances, regulations or the like, or case law, that
relate to employment or employment practices and/or, specifically, that prohibit discrimination based upon age, race, religion, sex, national origin, disability or any other unlawful basis, including without limitation, the Civil Rights Act of 1964,
as amended, the Civil Rights Act of 1991, as amended, the Civil Rights Acts of 1866 and 1871, as amended, the Age Discrimination in Employment Act of 1967, as amended (including but not limited to the Older Worker’s Benefit Protection Act
(“OWBPA”)), the Americans with Disabilities Act of 1990, as amended, the Family Medical Leave Act of 1993, as amended, the Employee Retirement Income Security Act of 1990, as amended, the Workers Adjustment and Relocation Notice Act,
as amended, the Vietnam Era Veterans’ Readjustment Assistance Act, as amended, the Equal Pay Act, as amended, and any similar foreign, federal, state, or local statutes, orders, laws, ordinances, regulations or the like, including, without
limitation, the New York State Executive Law and the New York City Administrative Code, or case law; (iv) based upon any other foreign, federal, state or local statutes, orders, laws, ordinances, regulations or the like, or case law;
(v) for tortious or harassing conduct, infliction of mental or emotional distress, interference with contract, fraud, libel or slander; and (vi) for damages, including without limitation, punitive or compensatory damages, or for
attorneys’ fees, expenses, costs, wages, injunctive or equitable relief. 
 Attention: Employee expressly waives the
protection of Section 1542 of the Civil Code of the State of California, which states: 
 A general release does not extend
to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. 

(c) Employee expressly understands and acknowledges that it is possible that unknown losses or claims exist or that present losses may
have been underestimated in amount or severity, and Employee explicitly took that into account in determining the amount of consideration to be paid for the giving of this release, and a portion of said consideration and the mutual covenants
contained herein, having been agreed between the parties with the knowledge of the possibility of such unknown claims, were given in exchange for a full satisfaction and discharge of all such claims. 

(d) This Release does not waive claims that the Employee could make, if available, for unemployment compensation benefits, workers’
compensation benefits (but claims for retaliation for exercising rights under a workers’ compensation law are waived), health insurance benefits under COBRA, vested benefits under a retirement plan governed by ERISA, any claim that truly arises
and occurs after the Release is signed by the Employee, any of Employee’s rights under that certain Consulting Agreement by and between Employee and the Company, dated as of February 2, 2013, and attached hereto as Exhibit B, or any other
claim that cannot be released by private agreement. Employee acknowledges and represents that Employee has reported to the Company any and all work-related injuries incurred during employment by the Company. 

4. Employee represents and warrants that Employee has not filed or commenced any complaints, charges, claims, actions or proceedings of any kind against
any Releasee with any federal, state or local court or any administrative, regulatory or arbitration agency or body. Except for Employee’s right to bring a proceeding pursuant to the Older Workers Benefit Protection Act to challenge the
validity of the release of claims pursuant to the Age Discrimination in Employment Act contained in Section 3 of this Release, and consistent with the EEOC Enforcement Guidance On Non-Waivable Employee Rights Under EEOC-Enforced Statutes dated
April 11, 1997, and otherwise to the fullest extent permitted by law, Employee agrees not to commence, maintain, prosecute or participate as a party in any action or proceeding in any court or arbitration forum against the Company or any other
Releasee with respect to any act, omission, transaction or occurrence up to and including the date of the execution of this Release. Employee further agrees not to 

  
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instigate, encourage, assist or participate in any court action or arbitration proceeding commenced by any other person (except a government agency) against the Company, or any other Releasee. In
the event any government agency seeks to obtain any relief on behalf of Employee with regard to any claim released and waived by Section 3 of this Release, Employee covenants not to accept, recover or receive any monetary relief or award that
may arise out of or in connection with any such proceeding. 
 5. Employee hereby waives any right to, and agrees not to, seek reinstatement,
employment, or any type of contractual relationship of any kind with any Releasee. The existence of this Release shall be a valid, non-discriminatory basis for any Releasee to reject any such application or, in the event Employee obtains such
employment or other relationship with any Releasee, for that Releasee to terminate such employment or other relationship. 
 6. By executing
this Release, Employee acknowledges and agrees that (a) Employee has been advised by the Company to consult with an attorney before executing this Release; (b) Employee was provided adequate time (i.e., twenty-one (21) days) to review
it, to consult with Employee’s counsel and to consider whether to sign the Release; (c) the Release is written in a manner understandable by Employee; and (d) Employee has been advised that Employee has seven (7) days following
execution of this Release to revoke it (“Revocation Period”). Notwithstanding anything to the contrary contained herein, this Release will not be effective or enforceable until the Revocation Period has expired, and the Separation Payment
and Digital Bonus Payment shall not be paid or delivered by the Company until the Revocation Period has expired and Employee has confirmed in writing, in the form attached hereto as Exhibit A, that the Release has not been revoked. 

7. This Release and any payments or benefits made hereunder are not intended to be, shall not be construed as and are not an admission or concession by
any Releasee of any wrongdoing or illegal or actionable acts or omissions. Employee hereby affirms that no Releasee has made any written or oral statements, suggestions or representations, either directly or impliedly, of any wrongdoing or illegal
or actionable acts or omissions by any Releasee. 
 8. In consideration of the Company’s agreement to deliver the Separation Payment and
Digital Bonus Payment, Employee represents that Employee has not, and agrees that Employee shall not, disclose orally or in writing, directly or indirectly, to any person (other than to the members of Employee’s immediate family,
Employee’s attorney, financial advisor, and accountant, each of whom shall be directed by Employee not to disclose such information), except as shall be required by law: (a) any Confidential Information (as defined below); (b) the
existence or terms of this Release; and (c) the amount of any payments or benefits made hereunder. 
 9. Employee shall direct all requests
and inquiries concerning Employee’s possible employment by prospective employers solely to Michelle Smith, Vice President, Human Resources or that person’s successor who will comply with the Company’s neutral reference policy.

 10. (a) Employee hereby acknowledges that during Employee’s employment, Employee may have acquired proprietary, private and/or otherwise
confidential information (“Confidential Information,” as defined and described in this sub-paragraph). Confidential Information shall mean all non-public information, whether or not created or maintained in written or electronic form which
constitutes, relates or refers to (i) the Company or any Releasee, (ii) any current or former employee of the Company or any Releasee, (iii) any person or entity with whom or which the Company or any Releasee transacted business
during Employee’s employment, (iv) any person or entity with respect to whom or which the Company or any Releasee acquired any non-public information, and (v) any aspect of the operation of the business of the Company or any Releasee,
including without limitation, all financial, operational and statistical information, (vi) any information or documents provided or produced in any litigation involving any Releasee, or that are protected or governed by any other
confidentiality agreement or stipulation, and (vii) any information protected or governed by the attorney-client privilege, work product immunity or any similar privilege or immunity. The foregoing examples are illustrative and Confidential
Information shall not be limited to those illustrations. 
 (b) Employee hereby represents and agrees that upon execution of
this Release (i) Employee has returned to the Company, and has not retained any copies of, all documents, records or materials of any kind, whether written or electronically created or stored, which contain, relate to or refer to any
Confidential Information (“Confidential Materials”); (ii) Employee has not disclosed any Confidential Information or Confidential Materials to any person or entity without the express authorization of an authorized officer of the

  
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Company; and (iii) in consideration of the Company’s agreement to deliver the Separation Payment and Digital Bonus Payment pursuant to the terms of this Release, Employee and/or any
Releasor shall not disclose any Confidential Information or Confidential Materials, in any manner directly or indirectly, except as may be required by law. 
 (c) In the event that Employee and/or any Releasor receives a subpoena or any other written or oral request for any Confidential Information, Confidential Materials or any other information concerning the
Company or any Releasee, Employee shall, within two (2) business days of the service or receipt of such subpoena or other request (i) notify the Company c/o Michelle Smith, in writing, by fax (212-645-1828), and (ii) provide a copy of
such subpoena or other request if in writing, by fax to Michelle Smith and/or disclose the nature of the request for information if oral. 
 (d) Employee also represents and agrees that upon the execution of this Release, Employee has returned to the Company all other property of the Company, including without limitation, any keys to the
offices of the Company, Company identification, computers, Blackberry, cellular telephones or other equipment. 
 11. In further consideration
of the Company’s agreement to pay the Separation Payment and Digital Bonus Payment pursuant to the terms of this Release, Employee agrees that Employee will not, without the prior written consent of the Company: 

(a) use any Confidential Information or Confidential Materials for any purpose; 

(b) Employee acknowledges that the scope of the promises and covenants in this Release, including without limitation the covenants
contained in the foregoing paragraphs, is reasonable in light of its narrow focus and the legitimate interests of the Company to be protected; 
 (c) Employee agrees that if any part of Employee’s foregoing covenants or the duration thereof is deemed too restrictive by a court of competent jurisdiction, the court may alter the covenants and/or
duration to make the same reasonable under the circumstances, and Employee acknowledges that Employee shall be bound thereby; and 
 (d) If any promises and covenants contained in the foregoing paragraphs are determined by a court to be void, voidable or unenforceable, then, in the Company’s sole discretion, it can decide whether
to invalidate the remainder of the Release, including whether to continue to pay Employee any remaining portion of the Separation Payment, to pay Employee the Digital Bonus Payment or other benefits, and/or the Company may require Employee to repay
any or all of the Separation Payment or Digital Bonus Payment received. 
 12. Employee represents and agrees that no oral, written or
electronic negative, disparaging or adverse statements or representations of or concerning the Company or any Releasee shall be made. Employee further represents and agrees that Employee has not and will not engage in any conduct or take any actions
whatsoever to cause or influence any person or entity, including but not limited to, any past, present or prospective employee of the Company, to initiate oral, written or electronic negative, disparaging or adverse statements or representations of
or concerning the Company or any Releasee. Employee warrants and represents that to the extent permitted by law, Employee will not provide information to others regarding the Company’s internal business policies, procedures or practices, being
interviewed, or providing surveys, written or recorded statements, testimony or declarations about same. 
 13. Employee agrees that Employee
shall assist the Company and its affiliates in the defense of any claims, or potential claims that may be made or threatened to be made against any of them in any action, suit or proceeding, whether civil, criminal, administrative or investigative
(a “Proceeding”), and will assist the Company and its affiliates in the prosecution of any claims that may be made by the Company or any such affiliate in any Proceeding, to the extent that such claims may relate to the Employee’s
employment or the period of Employee’s employment by the Company and its affiliates. Employee agrees, unless precluded by law, to inform promptly the Company if Employee is asked to (a) participate (or otherwise become involved) in any
Proceeding involving such claims or potential claims or (b) assist in any investigation (whether governmental or private) of the Company or its affiliates (or their actions), regardless of whether a lawsuit has then been filed against the
Company or its affiliates with respect to such investigation. The Company shall have no obligation to compensate Employee for his time in providing information and assistance in accordance with this Section 13. 

  
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 14. The covenants, representations and acknowledgments made by Employee in this Release shall survive the
execution of the Release and the delivery of any installment of the Separation Payment and the Digital Bonus Payment. The Company or any Releasee shall be excused and released from any obligation to make any part of the Separation Payment and
Digital Bonus Payment or provide any other benefits contained in the Release in the event that (a) Employee has made a material misstatement in or commits or has committed any material breach of the terms, conditions or covenants in this
Release, in which case Employee or Releasor shall also be liable for any damages suffered by the Company or any Releasee by reason of such breach or misstatement, including attorneys’ fees; (b) any part of this Release is determined to be
invalid or unenforceable; or (c) Employee or Releasor claims in any forum that the Release is invalid or unenforceable. 
 15. This Release
constitutes the sole and complete understanding and agreement between the parties with respect to the matters set forth herein and there are no other agreements or understandings, whether written or oral and whether made contemporaneously or
otherwise (other than any confidentiality, non-competition, and/or other restrictive covenant agreement that previously may have been entered into, the terms of which will survive execution of this Release). No term, condition, covenant,
representation or acknowledgment contained in this Release may be amended unless in writing signed by both parties. 
 16. The validity,
performance and enforceability of this Release shall be determined and governed by the laws of the State of New York, without regard to its conflict of law principles. The exclusive forum for any action concerning this Release or the transactions
contemplated hereby shall be in a court of competent jurisdiction in New York County, New York, with respect to a state court, or the United States District Court for the Eastern District of New York, with respect to a federal court. EMPLOYEE
HEREBY CONSENTS TO THE EXERCISE OF JURISDICTION OF THE COURT IN THE EXCLUSIVE FORUM SET FORTH IN THIS RELEASE AND WAIVES ANY RIGHT EMPLOYEE MAY HAVE TO CHALLENGE OR CONTEST THE REMOVAL AT ANY TIME BY THE COMPANY TO FEDERAL COURT OF ANY ACTION
EMPLOYEE MAY BRING AGAINST IT IN STATE COURT. EMPLOYEE AND THE COMPANY MUTUALLY WAIVE THEIR RIGHT TO TRIAL BY JURY IN ANY ACTION CONCERNING THIS RELEASE OR EMPLOYEE’S EMPLOYMENT IN GENERAL. 

17. The rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this
Release. The language of all parts of this Release shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any of the parties. The parties intend for this Release to satisfy the provisions of the
Age Discrimination in Employment Act of 1967, as amended, and this Release shall always be construed or limited in conformity with such provisions. 
 18. Employee agrees and acknowledges that (a) Employee has had an adequate opportunity to review this Release and all of its terms, and to be represented by counsel; (b) Employee understands all
of the terms of this Release, which are fair, reasonable and are not the result of any fraud, duress, coercion, pressure or undue influence exercised by or on behalf of any Releasee; and (c) Employee has agreed to and/or entered into this
Release and all of the terms hereof, knowingly, freely and voluntarily. 
 ACKNOWLEDGED AND AGREED TO BY: 

 

	
	

	Daniel Gilbert

  

							
	STATE OF California	 	)	 		  	 

		 	  
 :
	 	  
 ss.:
	  
	  
 COUNTY OF Santa Clara
	 	  
 )
	 		  

 On the 1st day of February, 2013 personally came Daniel Gilbert and being known to me to be the individual described in, and who
executed the foregoing General Release and Waiver, and duly acknowledged to me his/her signature above. 
  

	
	

	 Notary Public

  
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 Exhibit A 
 Ms. Michelle Smith 
 Vice President, Human Resources 

Barnes & Noble.com 

76th
 Ninth Avenue, 9th Floor 
 New York, NY 10011 
 Dear Ms. Smith: 
 I acknowledge that pursuant to the General Release and
Waiver (“Release”) that was fully executed on FEBRUARY 1, 2013, I had the right to revoke the Release within seven (7) days after the execution of the Release (the “Revocation Period”). I hereby confirm that the
Revocation Period has expired and I have not revoked the Release. 
  

							
	Very truly yours,	 		 		 	
				
	

	 		 	Date	 	2/8/2013
	Daniel Gilbert	 		 		 	

  
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 Benefits Addendum – Dan Gilbert 

 

	1.	Personal Days 

 You will
be paid for 16 hours unused personal time. 
  

	2.	Life Insurance 

 Your
group life insurance coverage will be discontinued on the Separation Date. You may convert this coverage to an individual policy within thirty-one (31) days after your group coverage expires. To request the proper forms, contact the Benefits
Department at 1-800-799-5335. 
  

	3.	401(k) Savings Plan 

If you participate in the 401(k) Savings Plan, your contributions will cease on the Separation Date and you will be eligible to receive
the total value of both your employee accounts and the vested value of the Company contributions. Fidelity Investments will mail distribution materials to you shortly at your home address. These materials will outline the choices available to you.
For further information, please call Fidelity at 1-800-421-3844. 
  

	4.	Stock Options 

 In
accordance with our Plan, any stock options that you have been granted to purchase capital stock of the Company which are vested and exercisable as of the Separation Date must be exercised within three months of the Separation Date. Any such options
that are not exercised by that time are forfeited and may not be exercised at any time. In addition, any stock options that you have been granted to purchase capital stock of the Company which are not vested and exercisable as of the Separation Date
are forfeited and may not be exercised at any time. 
  

	5.	Restricted Stock 

 Any
shares of restricted stock that you have been granted that are vested as of the Separation Date are yours to keep. Any shares of restricted stock that you have been granted that are not vested as of the Separation Date are forfeited. 

 Appendix B 
 CONSULTING AGREEMENT 
 Agreement made this 1st day of February, 2013 by and
between barnesandnoble.com llc (“B&N”), and Daniel Gilbert (“Consultant”). 
 1. Scope of Work. Consultant shall
provide the following services during the “Term” (as defined below) for 40 hours per week to the reasonable satisfaction of the Company: (i) use best efforts to assist B&N in organizational re-engineering planning;
(ii) assisting the Chief Financial Officer of Barnes & Noble, Inc. (the “CFO”) and other officers in OPS transition; (iii) use best efforts to assist B&N in delivering customer service savings identified in respect
of B&N’s 2013 fiscal year; (iv) use best efforts to assist B&N with vendor and supplier relationships related to device manufacturing, supply chain and distribution; and (v) use best efforts to assist the Chief Executive
Officer of Barnes & Noble, Inc. (the “CEO”) and the CFO in such other capacities as requested by the CEO or CFO, as applicable (collectively, the “Services”). Consultant will use Consultant’s own hardware and
property for all work related to this project. In the event that B&N delivers any hardware or property to Consultant in order for Consultant to use in connection with the provision of the Services (for example, laptop, e-reader, badge, or other
devices, or property), then Consultant will return said hardware and property to B&N the earlier of upon request or the termination of this Agreement. 
 2. Compensation/Expenses. The consideration for services hereunder shall be deemed to be subsumed in the consideration set forth in section 2(a)(ii) of the General Release and Waiver between
Consultant and the Company with no additional consideration therefore. B&N shall also reimburse Consultant for reasonable and necessary travel (except local commuting) and other reasonable and necessary out-of-pocket expenses incurred by or on
behalf of Consultant in connection with the Services performed hereunder; however, expenses totaling in excess of $100.00 in any instance shall be subject to prior written approval by B&N. Consultant shall provide reasonable documentation to
employer regarding any expenses. Consultant is responsible for any and all taxes on compensation related to or arising out of this Agreement. 

3. Personnel. The Services shall be performed by Consultant personally and not subcontracted. 

4. Proprietary Rights. B&N shall own all right, title and interest in and to the documents, information, ideas, techniques, inventions,
processes and materials created by Consultant in connection with the performance of Services under this Agreement or arising from such Services (collectively, “Works”). Consultant hereby automatically assigns to B&N, at the time of
creation of the Works and without any requirement of further consideration, all right, title and interest (including all patent rights, copyrights, trade secrets and other intellectual property rights in and to such Works). To the extent possible,
such Works shall be considered a “work made for hire” for B&N within the meaning of Title 17 of the United States Code. Consultant agrees to fully cooperate with B&N to enable B&N to obtain patent, trademark, service mark
and/or trade name registration or copyright protection therefore and to otherwise protect B&N’s rights in the Works including without limitation execution and delivery of instruments of conveyance, as may be appropriate to give full and
proper effect to such assignment. 
 5. Confidentiality. In connection with the Services to be performed hereunder, B&N may disclose
technical, financial, business or other information which is confidential, proprietary and constitutes valuable trade secrets of B&N. Consultant will use such information solely for the purposes of performing Services in accordance with this
Agreement. Consultant will hold all such information and all information generated in performance of the Services in strict confidence indefinitely (even beyond the Term and termination of this Agreement) and will not disclose such information
without prior authorization from B&N’s Chief Executive Officer, CFO, the Vice President of the group for which Services are being performed, or the General Counsel. Consultant shall not use the name or any trademark of B&N in any
manner, including, without limitation, in any press release or other advertising materials, without the prior written consent of B&N. During the Term, Consultant shall not represent he is an authorized to bind B&N (or its affiliates), or
hold himself out as such. 
 6. Warranties. Consultant warrants that he/she is not bound by any agreement with any current or former
employer or other party that would prevent him/her from fully performing hereunder. Consultant further warrants that neither Services performed hereunder nor Works produced hereunder will infringe or otherwise violate the legal rights of any party,
and warrants that his/her performance of the Services shall comply with all applicable laws and 

  
 8 

 
regulations. Consultant warrants that all Services will be performed in a competent, professional, and workmanlike manner. Consultant warrants that he will comply with the Company’s Code of
Conduct and other policies. Consultant warrants that he/she is authorized to perform Services in the United States. Consultant will defend, indemnify and hold B&N harmless against and from all claims, damages, injuries, cost, expenses and losses
arising out of Consultant’s breach of the obligations of Confidentiality in paragraph 5, as well as the Warranties in this paragraph 6. 

7. Term. This Agreement shall commence on February 2, 2013, and shall terminate on, March 19, 2013 (“Term”). Either party may
terminate this Agreement upon ten (10) business days written notice for the other party’s material breach unless such breach is cured within such notice period. Upon termination or completion of performance, or at any time prior thereto
upon B&N’s request, Consultant shall return to B&N all documentary information or materials, including all copies in all medium, received from B&N or generated by Consultant during the Term of this Agreement in performance of the
Services. 
 8. Independent Contractor. Consultant is an independent contractor and nothing contained herein shall be deemed to make
him/her an employee of B&N. Consultant does not have the authority to represent or bind B&N in any manner and agrees not to hold him/herself out as having that authority. Consultant is not entitled to participate in any of the Company’s
benefits plans, and expressly waives such participation, even if his/her employment is reclassified by any government agency or agency or court. 
 9. Governing Law/Severability. This Agreement shall be governed by the laws of the State of California. If any provision of this Agreement is determined to be invalid or unenforceable by a court of
competent jurisdiction, such determination shall not affect the validity or enforceability of any other provision of this Agreement. 
 10.
Assignment. The rights of Consultant hereunder shall not be assigned or transferred without B&N’s prior written consent. 
 11.
Entire Agreement. This Agreement sets forth the entire understanding between the parties and supersedes any oral negotiations and prior writing with respect to the subject matter hereof. This Agreement may not be amended except in writing
signed by them. The provisions of Paragraphs 5 through 7 will survive the expiration or termination of this Agreement. 
 IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. 
  

									
	CONSULTANT: Daniel Gilbert	 		 	barnesandnoble.com llc
					
	By:	 	

	 		 	By:	 	

					
		 		 		 	Its:	 	Vice President, Human Resources
	SSN:	 	 *********
	 		 	Name:	 	Michelle Smith
					
	Address:	 	250 YALE ROAD	 		 		 	
				
	MENLO PARK, CALIFORNIA 94025	 		 		 	
					
	Telephone:	 	 **********EX-4.4

 Exhibit 4.4 

 
 

 
 TERMS AND CONDITIONS OF THE NOKIA PERFORMANCE SHARE PLAN 2013 

 

	1.	Purpose and Scope of the Plan 

 The purpose of the Nokia Performance Share Plan 2013 is to retain Nokia employees, to promote employees’ engagement and to reward them for Nokia’s long-term performance. This is accomplished by
focusing the Participants on Nokia’s long-term financial performance and share price appreciation and thus aligning the interests of the Participants with those of the shareholders. To accomplish these objectives the Company may grant eligible
Nokia employees Performance Shares under this Plan. 
 The Plan is tied directly to the performance of Nokia. For the purposes of
this Plan, performance is measured through net sales and profitability. The compensation to the employees under the Plan becomes payable and the financial benefits of the Plan materialize after the Restriction Period only if either or both of the
pre-determined performance levels, measured by Average Annual Net Sales and Average Annual Earnings Per Share (EPS), are achieved by the end of the Performance Period. 
 Under the Plan a maximum of 16 000 000 Performance Shares may be granted, which may result in the settlement of 32 000 000 Shares at the maximum performance level. The Board determines the
general guidelines under the Plan and approves the grants of Performance Shares to eligible employees within its authority. Grants of Performance Shares under these terms and conditions may be made between January 24, 2013 and December 31,
2013, inclusive. 
  

	2.	Definitions 

Average Annual Net Sales: Average Annual Net Sales is an average of the annual net sales in the consolidated profit and loss
accounts for Nokia (non-IFRS) during the Performance Period. 
 Average Annual EPS: Average Annual EPS
(diluted, non-IFRS) is an average of the annual earnings per share in the consolidated profit and loss accounts for Nokia Group (non-IFRS) during the Performance Period. 
 Board: The Board of Directors of the Company. 

Company: Nokia Corporation 
 Grant Amount: The number of Performance Shares granted to a Participant. 
 Maximum Number: The number of Performance Shares to be settled if the maximum performance is achieved with respect to both of the performance criteria as defined under paragraph 4.2. The
Maximum Number equals two times the Grant Amount. One half of the Maximum Number is tied to Average Annual EPS and one half of the Maximum Number is tied to Average Annual Net Sales. 

Nokia: The Company together with the companies over which the Company effectively exercises control and which are included
in the consolidated financial statements of the Company, excluding Nokia Siemens Networks B.V and its subsidiaries. 

 

 
  

 Nokia Group: The Company together with the companies over which the
Company effectively exercises control and which are included in the consolidated financial statements of the Company. 

Participant: Employee of Nokia who has received a grant of Performance Shares under the Plan. 

Performance Share/Shares: Each Performance Share represents a right to receive a certain number of Shares or their cash
equivalent upon settlement, subject to the fulfillment of the conditions under paragraph 4, and provided that no other restriction related to these terms and conditions is applicable. 

Performance Period: The two fiscal years starting on January 1, 2013 and ending on December 31, 2014. 

Plan: Performance Share Plan 2013 of the Company. 
 Restriction Period: Period after which the Shares shall be settled to the Participant. The Restriction Period shall be no less than one year from the end of the Performance Period.

 Settlement Date: A banking day in Helsinki, Finland falling as soon as practicable after the end of the
Restriction Period, as determined by the Company. 
 Share/Shares: The Company’s ordinary shares. The terms
and conditions applicable to Shares shall apply to their cash equivalent used for settlement, as applicable. 

Terms & Conditions: The terms and conditions of this Plan. 

Threshold Number: The number of Performance Shares to be settled, if the threshold performance is achieved with respect to
one performance criterion as defined under paragraph 4.2. Each Threshold Number equals one quarter (1/4) of the Grant Amount. One Threshold Number is tied to Average Annual EPS, and another is tied to Average Annual Net Sales. 

 

	3.	Grant of Performance Shares 

 At grant, each Participant will receive a Grant Amount of Performance Shares. The Company will notify each Participant of the grant. 

As a precondition for a valid grant, the Participant must be employed by Nokia at the time of the grant. 

The Participant may be required to give the Company such authorizations and consents, as the Company deems necessary in order to
administer the Plan. 
  

	4.	Financial Performance Criteria 

  

	4.1	General Principles 

Measurement of the performance during the Performance Period will be based on Nokia Group’s and Nokia’s, as applicable,
consolidated profit and loss accounts (non-IFRS) as of December 31, 2013 and 2014 compared to the pre-established performance level defined herein under section 4.2. 
 The two pre-determined financial performance criteria under the Plan are Average Annual Net Sales and Average Annual EPS. Average Annual Net Sales is calculated as an average of the net sales for Nokia
for the years 2013 through 2014. Average Annual EPS is calculated as an average of the annual earnings per share for Nokia Group for the years 2013 through 2014. 

 

 
  

	4.2.	Threshold Performance and Maximum Performance 

 Threshold (i.e. minimum) performance levels and maximum performance levels are defined for each performance criterion as follows: 

 

	 	(a)	Average Annual Net Sales during the Performance Period: EUR 12 483 million (threshold) and EUR 18 725 million (maximum); and 

 

	 	(b)	Average Annual EPS: Average Annual EPS during the Performance Period: EUR 0.00 (threshold) and EUR 0.30 (maximum). 

The number of Performance Shares to be settled, if any, is determined independently with respect to Average Annual Net Sales and to
Average Annual EPS. 
 If the threshold performance for neither of the two performance criteria is reached, no settlement will
take place. 
 If the threshold performance level is achieved in respect of a performance criterion, the Threshold Number of
Performance Shares will be settled after the Restriction Period. 
 To the extent the threshold performance level is exceeded in
respect of a performance criterion, the number of Performance Shares to be settled after the Restriction Period will increase from the Threshold Number up to the Maximum Number following a predetermined linear scale based on actual financial
performance achieved. 
 The total number of Performance Shares to be settled, if any, may not exceed two times the Grant Amount.

 

 
  

 The following table summarizes each performance criterion: 

 

											
	 Performance Criterion
	  	Threshold
Performance	 	  	Maximum
Performance	 	  	 Potential range

of

Settlement

				
	 Average Annual EPS during Jan. 1, 2013 – Dec. 31, 2014 (diluted, non-IFRS)
	  	EUR	 0.00	  	  	EUR	 0.30	  	  	 Zero, or from minimum level (Threshold Number) up to maximum level (4 × Threshold Number)

				
	 Average Annual Net Sales during Jan. 1, 2013 – Dec. 31, 2014 (non-IFRS)
	  	EUR	  12 483 million	  	  	EUR	  18 725 million	  	  	 Zero, or from minimum level (Threshold Number) up to maximum level (4 × Threshold Number )

  

	5.	Measurement and Calculation of Payout 

 The measurement of Nokia Group’s and Nokia’s performance shall be made after the end of the Performance Period and approved by the Personnel Committee of the Company’s Board of Directors.
Based on this measurement, the number of Performance Shares to be settled as Shares or the equivalent amount of cash shall be calculated. 
 The Company shall carry out the measurement and calculation in its sole discretion. 

The calculation of the number of Performance Shares to be settled shall not result in fractional Shares. The number of Shares shall be
rounded to the nearest whole Share. 
  

	6.	Restriction Period 

 The
shares shall be settled to the Participant after the end of the Restriction Period. The end of the Restriction Period shall be specified to the Participant in the grant communication. 

During the Restriction Period, the Participant does not have any legal ownership or any other rights relating to the Shares. The
Participant shall not be entitled to any dividend or have any voting rights or any other rights as a shareholder to the Shares until and unless the Shares have been transferred to the Participant and, in case of new Shares issued by the Company,
until the Shares have been entered to the Trade Register. 
  

	7.	Settlement 

 On the
Settlement Date, the Company will complete the settlement by transferring the applicable number of Shares or their cash equivalent to the Participant’s book-entry, brokerage or other bank account, as applicable, provided that the Participant
has complied with these terms and conditions and performed all necessary actions to enable the Company to instruct the settlement. If the Participant has not performed 

 

 
  

 
all necessary actions to enable the Company to instruct the settlement, the Company may, in its sole discretion, sell the Shares on behalf of the Participant and remit the proceeds to the
Participant. 
 The Company may, in its sole discretion, use for the settlement of Performance Shares one or more of the
following: newly issued Shares, the Company’s own existing Shares (treasury Shares), Shares purchased from the open market, or, in lieu of Shares, cash. 
 The Participants shall not be entitled to any dividend or have any voting rights or any other shareholder rights until and unless the Shares have been transferred to the Participant and, in case of new
Shares issued by the Company, until the Shares have been entered to the Trade Register. 
  

	8.	Changes in Employment 

 If
the employment of the Participant with Nokia terminates prior to the end of the Restriction Period by the reason of retirement, permanent disability (as defined by the Company in its sole discretion) or death, the Participant retains the right to
settlement. In case of death of the Participant prior to the end of the Performance Period, the Company has the right to settle the Performance Shares at the Grant Amount prior to the end of the Performance Period. In case of death of the
Participant during the Restriction Period, the Company has the right to settle the Performance Shares prior to the end of the Restriction Period based on the calculation of the number of Performance Shares to be settled made in accordance with
section 5 of these Terms & Conditions. If made, such special settlement will constitute full and final settlement of that Performance Share grant. 
 If the employment of the Participant with Nokia terminates prior to the end of the Restriction Period for any other reason than those mentioned above, the Company is entitled to redeem the Performance
Shares from the Participant without consideration, in which case the Participant shall not be entitled to any settlement under the Plan. 
 In cases of voluntary and/or statutory leave of absence of the Participant, the Company has the right to prorate the settlement. 

 

	9.	Terms of Employment 

 The
grant or settlement of Performance Shares does not constitute a term or a condition of the Participant’s employment contract with Nokia under applicable local laws. The Performance Shares, Shares or their cash equivalent under the Plan do not
form a part of the Participant’s salary or benefit of any kind. 
  

	10.	Taxes and other Obligations 

 The Participants are personally responsible for all taxes and social security charges associated with the Performance Share grants and Shares delivered upon settlement. This includes responsibility for
any and all tax liabilities in multiple countries, if the Participant has resided in more than one country during the Performance Period and/or Restriction Period. The Participants are advised to consult their own financial and tax advisers (at
their own expense) before accepting the grant in order to verify their tax position. 

 

 
  

 The Participants are also personally responsible for any potential charges debited by
financial institutions in connection with the settlement of the Performance Shares or any subsequent transactions related to the Shares. 
 Pursuant to applicable laws, the Company is or may be required or may deem it appropriate to withhold taxes, social security charges or fulfill employment related and other obligations upon grant or
settlement of Performance Shares, or when the Shares are disposed of by the Participants. The Company shall have the right to determine how such collection, withholding or other measures will be arranged or carried out, including but not limited to
a settlement of a net amount remaining after the completion of such measures or a potential sale of the Shares on behalf of the Participants for the completion of such measures. 

 

	11.	Breach of these Terms and Conditions 

 The Participant shall comply with these terms and conditions, as well as any instructions given by the Company regarding the Plan from time to time. If the Participant breaches these terms and conditions
and/or any instructions given by the Company, the Company may in its discretion, at any time prior to settlement, rescind the grant of Performance Shares. 
  

	12.	Validity of these Terms and Conditions 

 These terms and conditions shall become valid and effective upon the approval by the Board. The Board may, in its absolute discretion, at any time amend, modify or terminate these terms and conditions.

 Such action by the Board may also, as in each case is determined by the Board affect the Performance Shares that are then
outstanding, but not settled. 
  

	13.	Administration 

 The Plan
shall be administered by the Company in accordance with the general guidelines approved by the Board. The Company has the authority to interpret these terms and conditions, approve such other rules and procedures and take such other measures, as it
deems necessary or appropriate for the administration of the Plan. Such action may also affect the Performance Share grants that are then outstanding, but not settled. 
 The Company has the right to determine the practical manner of administration and settlement of the Performance Shares, including but not limited to the acquisition, issuance, sale, and transfer of the
Shares or their cash equivalent to the Participant. Furthermore, the Company has the right to require from the Participant the submission of such information or contribution that is necessary for the administration and settlement of the Performance
Share grants. 
  

	14.	Rights of Participants in certain Cases 

 14.1 Should the Annual General Meeting in accordance with the proposal of the Board decide, prior to the settlement of the Performance Shares, to distribute a special dividend constituting a deviation
from the customary dividend policy of the Company, the Board will decide if and how the Participants will be compensated for the special dividend. Such distribution of special dividend can include, but is not

 

 
  

 
limited to, a distribution of assets from reserves of unrestricted equity or distribution of share capital to the shareholders. The Board will specify in its proposal for the dividend whether the
dividend, or a part of it, shall be considered a special dividend. 
 14.2 Should the Company, prior to the settlement of the
Performance Shares, issue new shares, stock options or other special rights to all shareholders, the Board will in its sole discretion decide what the rights of the Participants will be in such cases. 

14.3 The Company’s decision to cancel existing shares held by the Company prior to the settlement of the Performance Shares will not
affect the settlement of Performance Shares nor the number of Performance Shares to be settled. 
 14.4. Should the Company,
during the Performance Period, be placed into liquidation, the Company has the right to settle the Performance Shares at the Grant Amount within such time period as resolved by the Board. Notwithstanding any other provisions in these terms and
conditions, should the Company, prior to the settlement of the Performance Shares, be deregistered from the Trade Register, the Participants shall not have any right to settlement. 

14.5. Should the Company, during the Performance Period, resolve to merge with another existing company or merge with a company to be
formed, or should the Company resolve to be demerged, the Company has the right to settle the Performance Shares at the Grant Amount prior to the merger or demerger or to convert the Performance Shares into similar equity rights issued by the other
company on such terms and within such a time period, as resolved by the Board. Notwithstanding any other provisions in these terms and conditions, following the closing of the merger or demerger, the Participants shall have no right to settlement
under this Plan. The same also applies to a merger, in which the Company takes part, and whereby the Company registers itself as a European Company (Societas Europae) in another member state in the European Economic Area or, if the Company after
registering itself into a European Company registers a transfer of its domicile into another member state. 
 14.6. Should the
Company, during the Performance Period, make a resolution to acquire its own shares through a tender offer to all the shareholders, the Company shall make an equal offer to the Participants in respect of Performance Shares to settle the Performance
Shares at the Grant Amount. If the Company acquires or redeems its own shares in any other manner, or if the Company acquires stock options or other special rights entitling to shares, no measures will need to be taken in relation to this Plan.

 14.7. Should during the Performance Period a tender offer regarding all shares and stock options issued by the Company be made
or should a shareholder under the Articles of Association of the Company or the Finnish Securities Markets Act have the obligation to redeem the shares from the Company’s other shareholders, or to redeem the stock options, or should a
shareholder have under the Finnish Companies Act the right and obligation to redeem the shares from the Company’s other shareholders, then the Company has the right to settle the Performance Shares at the Grant Amount prior to the tender offer
or the offer to redeem the shares, as resolved by the Board. 
 Should a shareholder under the Finnish Companies Act have the
right to redeem the shares from the Company’s other shareholders, the Company has the right, during 

 

 
  

 
the Performance Period, to settle the Performance Shares at the Grant Amount prior to the redemption, as resolved by the Board, after which the Participants’ obligation to transfer all of
their shares will be subject to the Finnish Companies Act. 
 The Board may, however, in any of the situations resolved in this
section 14.7, also give the Participants an opportunity to convert their Performance Shares into equity-based incentives issued by another company on such terms and within such time period prior to the completion of the tender offer or redemption,
as resolved by the Board. 
 14.8. Should the Company during the Performance Period be delisted from NASDAQ OMX Helsinki or its
successors, the Company has the right to settle the Performance Shares at the Grant Amount prior to the delisting and make other amendments to these terms and conditions as resolved by the Board. 

14.9. Sections 14.4, 14.5, 14.6, 14.7 and 14.8 shall also apply should the situations set out in those sections take place during the
Restriction Period, with the exception that instead of Grant Amount, the Company has the right to settle the Performance Shares based on the calculation of the number of Performance Shares to be settled made in accordance with section 5 of these
Terms & Conditions. 
  

	15.	The Recoupment of Equity Gains in the Event of Certain Restatements 

 Under the Nokia Policy on the recoupment of equity gains (“Nokia Policy”), as amended from time to time, in the event of certain restatements, if any of the Company’s financial statements
are required to be restated as a result of fraud or intentional misconduct, the Board may, in its discretion and at any time, resolve to recover or require reimbursement of all or a portion of any gains realized in accordance with the terms and
conditions set forth in the Nokia Policy. 
  

	16.	Governing Law and Settlement of Disputes 

 These terms and conditions are governed by Finnish laws. Disputes arising out of these terms and conditions shall be settled by arbitration in Helsinki, Finland, in accordance with the Arbitration Rules
of the Finnish Central Chamber of Commerce. 
  

	17.	Processing of personal data 

 The Company has the right to transfer globally within Nokia and/or to an agent of Nokia any of the personal data required for the administration of the Plan and the settlement of the Performance Shares.
The personal data may be administered and processed by the Company or its authorized agent in the future. The Participant is entitled to request access to data referring to the Participant’s person, held by the Company or its agent and to
request amendment or deletion of such data in accordance with applicable laws, statutes or regulations. In order to exercise these rights, the Participant must contact Nokia Legal and Intellectual Property, in Espoo, Finland. 

 

 
  

 SUPPLEMENT TO THE GRANT OF PERFORMANCE SHARES UNDER 

THE NOKIA PERFORMANCE SHARE PLAN 2013 IN USA 
 Amendments to the Nokia Performance Share Plan 2013 
 For purposes of
Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), the Nokia Performance Share Plan 2013 (“Plan”) is amended, effective as of March 7, 2013, by adding the following “Code
Section 409A Schedule” to the Plan. This Plan, as amended by this Code Section 409A Schedule, is intended to comply with Section 409A of the Code. 
 “Code Section 409A Schedule” 
 Notwithstanding anything in
the terms and conditions of the Plan (“Plan Rules”) to the contrary, effective as of March 7, 2013, the Plan Rules are amended as set forth in this Code Section 409A Schedule in order to avoid adverse or unintended tax
consequences under Section 409A of the Code, and the applicable rules and regulations thereunder to Participants who are (or who may become) US taxpayers (the “US Participants”). The provisions of this Code Section 409A Schedule
shall apply to all US Participants and shall supersede the other Plan Rules to the extent necessary to eliminate inconsistencies between this Code Section 409A Schedule and such other Plan Rules. 

1. In no event shall the Settlement Date occur later than the last banking day of the calendar year in which the
Restriction Period ends, or if later, the 15th day of the third month after the month in which the Restriction Period ends. 
 2. In cases of voluntary and/or statutory leave of absence of the US Participant, the length of which exceeds the threshold determined for the relevant type of leave in the applicable human resources
policy at the time of the leave, Nokia will prorate and settle the US Participant’s Performance Shares on the Settlement Date. 
 3. In the event that the US Participant’s employment with Nokia terminates by reason of retirement or permanent disability prior to the end of the Restriction Period, the US Participant will retain
the right to settlement of the Performance Shares on the Settlement Date. In the event that a US Participant’s employment terminates due to death during the Performance Period, Nokia will settle the US Participant’s Performance Shares at
the Grant Amount in the second month of the calendar quarter following the date of the US Participant’s death. In the event that a US Participant’s employment terminates due to death during the Restriction Period, Nokia will settle the US
Participant’s Performance Shares at the amount based on the calculation made in accordance with Section 5 of the Plan Rules in the second month of the calendar quarter following the date of the US Participant’s death. 

4. Notwithstanding the above, Nokia will not settle the Performance Shares of a US Participant who is a “specified
employee” under Section 409A of the Code earlier than the first business day following the date that is six months following the specified employee’s “separation from service” under Section 409A of the Code (including,
without limitation by reason of retirement, permanent disability or death) or, if earlier, the date of death of the specified employee. 
 5. The following provisions amend Section 14 of the Plan Rules, which is attached as Appendix C to the Legal Document for the Nokia Performance Share Plan 2013: 

 

	 	a)	 Should Nokia distribute a special dividend constituting a deviation from Nokia’s customary dividend policy as contemplated by Section 14.1 of
the 

 

 
  

	 	
Plan Rules, to the extent that US Participants receive the dividend, the dividend will be paid to US Participants after the end of the Restriction Period on the Settlement Date.

  

	 	b)	In the event that during the Performance Period Nokia is liquidated as contemplated by Section 14.4 of the Plan Rules, Nokia will settle the US Participant’s
Performance Shares at the Grant Amount prior to the end of the calendar year that includes the Settlement Date. In the event that during the Restriction Period Nokia is liquidated as contemplated by Section 14.4 of the Plan Rules, Nokia will
settle the US Participant’s Performance Shares at the amount based on the calculation made in accordance with Section 5 of the Plan Rules prior to the end of the calendar year that includes the Settlement Date. 

 

	 	c)	With respect to the transactions contemplated by Sections 14.5 and 14.7 of the Plan Rules, if during the Performance Period or Restriction Period Nokia experiences a
change in the ownership or effective control of a corporation, or a change in the ownership of a substantial portion of the assets of the corporation, that constitutes a change-in-control event under Section 1.409A-3(i)(5) of the U.S. Income
Tax Regulations, or any successor provision (a “409A Change in Control Event”), Nokia will either (i) convert the Performance Shares into similar equity or equity-based cash rights issued by the surviving corporation or its parent
within 30 days of the 409A Change in Control Event or (ii) settle the Performance Shares (x) at the Grant Amount within 30 days prior to the 409A Change in Control Event if such transaction takes place during the Performance Period or
(y) at the amount based on the calculation made in accordance with Section 5 of the Plan Rules within 30 days prior to the 409A Change in Control Event if such transaction takes place during the Restriction Period. If during the
Performance Period or Restriction Period Nokia engages in a transaction as contemplated by Section 14.5 or 14.7 of the Plan Rules that does not constitute a 409A Change in Control Event, the Performance Shares shall be settled in accordance
with their terms. 

  

	 	d)	If during the Performance Period Nokia makes a resolution to acquire its own Shares through a tender offer to all the shareholders under Section 14.6 of the Plan
Rules, Nokia will exchange the US Participant’s Performance Shares at the Grant Amount for a right to receive a cash payment to be paid out after the end of the Restriction Period on the Settlement Date. If such a resolution is made during the
Restriction Period, Nokia will exchange the US Participant’s Performance Shares at the amount based on the calculation made in accordance with Section 5 of the Plan Rules for a right to receive a cash payment to be paid out after the end
of the Restriction Period on the Settlement Date. 

  

	 	e)	In the event that during the Performance Period Nokia is delisted from NASDAQ OMX Helsinki or its successors as contemplated by Section 14.8 of the Plan Rules,
Nokia will exchange the US Participant’s Performance Shares at the Grant Amount for a right to receive a cash payment to be paid out after the end of the Restriction Period on the Settlement Date. In the event that during the Restriction Period
Nokia is delisted from NASDAQ OMX Helsinki or its successors as contemplated by Section 14.8 of the Plan Rules, Nokia will exchange the US Participant’s Performance Shares at the amount based on the calculation made in accordance with
Section 5 of the Plan Rules for a right to receive a cash payment to be paid out after the end of the Restriction Period on the Settlement Date. 

 

 
  

 6. If any Plan Rule or grant document contravenes any regulations or
guidance promulgated under Section 409A of the Code or could cause any granted Performance Shares to be subject to taxes, interest or penalties under Section 409A of the Code, Nokia may, in its sole discretion and without the US
Participant’s consent, modify the Plan Rules or grant documents to: (i) comply with, or avoid being subject to, Section 409A of the Code, (ii) avoid the incurrence of additional taxes, interest or penalties under
Section 409A of the Code, and (iii) maintain, to the maximum extent practicable, the original intent of the applicable Plan Rule or provision without contravening the provisions of Section 409A of the Code. 

* * * * * 
 Except
as set forth herein, the Nokia Performance Share Plan 2013 remains in full force and effect.

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