Document:

Form of 6.65% Senior Note

 Exhibit 4.2 
 FORM OF 6.650% SENIOR NOTE 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE. 
 THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A)(1) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR
RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (4) TO AN INSTITUTIONAL ACCREDITED INVESTOR IN A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (B) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER
JURISDICTIONS. 

 **$            ** 
 NEWS AMERICA INCORPORATED 
 6.650%
SENIOR NOTES DUE NOVEMBER 15, 2037 
 CUSIP 652482 BP4 
 see reverse for certain definitions 
 NEWS AMERICA INCORPORATED, a Delaware corporation (“NAI” or the
“Company”, which terms include any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to 
 **CEDE & CO.** 
 or registered assigns; 
 the principal amount of **                      DOLLARS** 
 on November 15, 2037 and to pay interest thereon from November 14, 2007 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on May 15, and November 15 of each year, commencing May 15, 2008, at the rate of 6.65% per annum, until the principal hereof is fully paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record
Date, which shall be the May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Note may be listed, and upon such notice as may be required by such exchange, all as more fully provided in such Indenture. 
 This Note is unconditionally guaranteed by News Corporation, a Delaware corporation (“News Corporation”), as set forth in Article Twelve of the Indenture and in the Guarantee endorsed hereon. 
 Payment of the principal of, and interest on, this Note will be made at the offices or agencies of the Company maintained for that purpose in The City of
New York, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public debts; provided, however, that, at the option of the Company, payment of 

 
interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer
to an account maintained by the Person entitled thereto as specified in the Security Register. 
 Reference is hereby made to the further
provisions of this Note set forth herein which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to herein by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose.

 IN WITNESS WHEREOF, NAI has caused this Note to be signed manually or by facsimile by its duly authorized officers and a facsimile of its
corporate seal to be affixed hereto or imprinted hereon. 
  

													
		 		 	 NEWS AMERICA INCORPORATED

							
		 		 	 By:
	 	  
	 		 	By:	 	  

		 		 		 	 Secretary
	 		 		 	Authorized Signatory

  

			
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION

	
	 This is one of the Securities referred
 to in the within-mentioned Indenture

	
	 THE BANK OF NEW YORK, as Trustee

		
	 By:
	 	  

		 	Authorized Signatory

 NEWS AMERICA INCORPORATED 
 6.650% SENIOR NOTES DUE NOVEMBER 15, 2037 
 Indenture 
 This Security is one of a duly authorized series (this series being the “Securities”) of debt securities of News America Incorporated, a
Delaware corporation (“NAI” or the “Company”), issued under an Amended and Restated Indenture dated as of March 24, 1993, as supplemented by a First Supplemental Indenture, dated as of May 20, 1993, a Second
Supplemental Indenture, dated as of May 28, 1993, a Third Supplemental Indenture, dated as of July 21, 1993, a Fourth Supplemental Indenture, dated as of October 20, 1995, a Fifth Supplemental Indenture, dated as of January 8,
1998, a Sixth Supplemental Indenture, dated as of March 1, 1999, a Seventh Supplemental Indenture, dated as of February 14, 2001, an Eighth Supplemental Indenture, dated as of June 27, 2003, a Ninth Supplemental Indenture, dated as of
November 12, 2004, a Tenth Supplemental Indenture, dated as of March 14, 2005, an Eleventh Supplemental Indenture, dated as of March 21, 2005 and a Twelfth Supplemental Indenture, dated as of May 23, 2007 (as so supplemented, the
“Indenture”), among NAI, News Corporation, a Delaware corporation (“News Corporation” or the “Guarantor”), and The Bank of New York, as Trustee (the “Trustee”, which term includes any successor trustee under
the indenture), which provides for the issuance by NAI from time to time of debt securities (the “Debt Securities”) in one or more series, in which Indenture and all indentures supplemental thereto reference is hereby made for a statement
of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee and the Holders of the Debt Securities and of the terms upon which the Debt Securities are, and are to be, authenticated and
delivered. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as in effect on the date of the Indenture (the “TIA”), and as provided in
the Indenture. The terms of the Securities and Guarantee set forth in this certificate are qualified in their entirety by reference to the terms of the Indenture. The Securities are subject to all such terms, and Securityholders are referred to the
Indenture and the TIA for a statement of those terms. The Securities are unconditionally guaranteed on a senior basis (the “Guarantee”) by the Guarantor. Capitalized terms used herein and not defined herein have the meanings ascribed
thereto in the Indenture. 
  

	 	1.	Paying Agent and Security Registrar 

 Initially, the
Trustee will act as Paying Agent and Security Registrar. NAI may appoint and change any Paying Agent or Security Registrar without notice, other than notice to the Trustee. NAI or any Subsidiary or an Affiliate of either of them may act as Paying
Agent, Security Registrar or co-registrar. 
  

	 	2.	Optional Redemption by the Company 

 This Note is
redeemable, as a whole or in part, at our option, at any time or from time to time, upon mailed notice to the registered address of the Holder at least 30 days but not more than 60 days prior to the redemption. The redemption price will be equal to
the greater of (1)

  

 -1- 

 
100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments (as defined below) on
such Notes discounted to the date of redemption, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 30 basis points. Accrued interest
will be paid to the date of redemption. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to
the semiannual equivalent yield to maturity (computed as of the third business day immediately preceding that redemption date) of the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date. 
 “Comparable Treasury Issue”
means the United States Treasury security selected by the Reference Treasury Dealer (as defined below) as having a maturity comparable to the remaining term of the Notes, that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury Price” means, with respect to any redemption date, the Reference Treasury Dealer Quotations (as defined below) for that redemption date. 
 “Reference Treasury Dealer” means J.P. Morgan Securities Inc. and its successor. If it shall cease to be a primary U.S. Government securities
dealer, we will substitute another nationally recognized investment banking firm that is a primary U.S. Government securities dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to the Reference Treasury Dealer and any redemption date, the average, as determined by the trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in writing to the trustee by the Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding that redemption date. 
 “Remaining Scheduled Payments” means the remaining scheduled payments of principal of and interest on the Notes that would be due after the
related redemption date but for that redemption. If that redemption date is not an interest payment date with respect to the Notes, the amount of the next succeeding scheduled interest payment on the Notes will be reduced by the amount of interest
accrued on the Notes to such redemption date. 
 On and after the redemption date, interest will cease to accrue on this Note or any portion
of this Note called for redemption (unless we default in the payment of the redemption price and accrued interest). On or before the redemption date, the Company will deposit with a paying agent (or the trustee) money sufficient to pay the
redemption price of and accrued interest on the Notes to be redeemed on that date. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the trustee by a method the trustee deems to be fair and appropriate.

  

 -2- 

	 	3.	Repurchase Upon Change of Control Triggering Event 

 Subject to the terms and conditions of the Indenture, NAI shall become immediately obligated to offer to purchase the Securities pursuant to Section 1301 of the Indenture upon the occurrence of a Change of Control Triggering Event at a
price equal to 101% of aggregate principal amount, plus accrued interest, if any, to the date of purchase. 
  

	 	4.	Denominations; Transfer; Exchange 

 The Securities
are in registered form, without coupons, in denominations of US$1,000 of principal amount and integral multiples thereof. A Holder may transfer or exchange Securities in accordance with the terms of the Indenture. The Security Registrar may require
a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Security Registrar need not register the transfer or exchange of any Securities
for a period of 15 days before the selection of any Securities for redemption or of any Securities so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
  

	 	5.	Persons Deemed Owners 

 The registered Holder of
this Security may be treated as the owner of the Security for all purposes. 
  

	 	6.	Amendment; Waiver 

 The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of Securities under the Indenture and the waiver of compliance by the Company with certain
provisions of the Indenture at any time with the consent of the Holders of a majority in aggregate principal amount of the Debt Securities at the time outstanding (or, in case less than all of the several series of Debt Securities then outstanding
are affected, of the Holders of a majority in principal amount of the Debt Securities at the time outstanding of each affected series). The Indenture also permits the Holders of a majority in principal amount of the Securities at the time
outstanding, on behalf of the Holders of all the Securities, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder hereof shall be conclusive and binding upon such Holder and upon all
future Holders hereof and of any Securities issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made hereon. 
  

	 	7.	Defeasance 

 The Indenture contains provisions for
defeasance at any time of (i) the entire indebtedness of the Securities and (ii) certain restrictive covenants and certain Events of Default applicable to the Securities, upon compliance by the Company with certain conditions set forth in
the Indenture. 
  

 -3- 

	 	8.	Defaults and Remedies 

 Under the Indenture, Events
of Default include (i) default in payment of the principal amount, premium, if any, or interest, in respect of the Securities when the same becomes due and payable subject, in the case of interest, to the grace period contained in the
Indenture; (ii) failure by the Company or the Guarantor to perform any other covenant or warranty (other than a covenant included in the Indenture solely for the benefit of another series of Debt Securities), subject to notice and lapse of
time; (iii) failure to pay at Stated Maturity (after the expiration of any grace period) certain indebtedness; (iv) certain events of acceleration prior to maturity of certain indebtedness; (v) certain final judgments which remain
undischarged; or (vi) certain events of bankruptcy or insolvency. If an Event of Default occurs and is continuing, the Holders of at least 25% in aggregate principal amount of the Securities at the time outstanding may declare all the
Securities to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in the Securities becoming due and payable immediately upon the occurrence of such Events of Default. 
 Securityholders may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives reasonable indemnity or security. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities at the time outstanding may direct the Trustee in its exercise of any trust or
power. The Trustee may withhold from Securityholders notice of any continuing Default (except a Default in payment of amounts specified in clause (i) above) if it determines that withholding notice is in their interests. 
  

	 	9.	Trustee Dealings with NAI 

 Subject to certain
limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by NAI or its Affiliates and may
otherwise deal with NAI or its Affiliates with the same rights it would have if it were not Trustee. 
  

	 	10.	No Recourse Against Others 

 A director, officer,
employee or stockholder, as such, of NAI shall not have any liability for any obligations of NAI under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a
Security, each Securityholder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 
  

	 	11.	Abbreviations 

 Customary abbreviations may be used
in the name of a Principal or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gifts to
Minors Acts). 
  

 -4- 

	 	12.	Governing Law 

 THE INDENTURE AND THIS SECURITY
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
  

 -5- 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you wish to have this Security purchased by the Company pursuant to Section 1301 of the Indenture, check the Box.  ̈ 
 If you wish to have a portion of this Security purchased by
the Company pursuant to Section 1301 of the Indenture, state the amount (in original principal amount): 
 $                     
  

  

									
	 Date:                    
	  		 		 	Your Signature	 	  

					
			
		  	  
	 	

 (Sign exactly as your name appears in this Note) 
 Signature
Guarantee:                                      
   
 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition
to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
  

 -6- 

 GUARANTEE 
 News Corporation (the “Guarantor”) has unconditionally guaranteed on a senior basis (i) the due and punctual payment of the principal of, premium, if any, and interest (including post-petition interest)
on the Securities, when and as the same shall become due and payable, whether at maturity, by acceleration, as a result of redemption, upon a Change of Control Triggering Event, by acceleration or otherwise, (ii) the due and punctual payment of
interest on the overdue principal of, premium and interest, if any, on the Securities, to the extent lawful, (iii) the due and punctual performance of all other obligations of NAI to the Holders or the Trustee under the Indenture and
(iv) in case of any extension of time of payment or renewal of any Securities or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether
at Stated Maturity, by acceleration or otherwise. 
 The obligations of the Guarantor to the Holders of the Securities and to the Trustee
pursuant to the Guarantee and the Indenture are expressly set forth to the extent and in the manner provided in Article Twelve of the Indenture and reference is hereby made to such Indenture for the precise terms of the Guarantee therein made.

 No stockholder, officer, director or incorporator, as such, past, present or future, of the Guarantor shall have any personal liability
under the Guarantee by reason of his or its status as such stockholder, officer, director or incorporator. 
 The Guarantee shall not be
valid or obligatory for any purpose until the certificate of authentication on the Securities upon which this Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized
signatories. 
 Executed as a deed in New York, New York. 
  

 -7- 

			
	 GUARANTOR

	
	 News Corporation

		
	 By:
	 	  

		 	Authorized Signatory for the Guarantor

  

 -8- 

 ASSIGNMENT FORM 
 To assign the Security, fill in the form below: 
 I or we assign and transfer this security to 
 INSERT ASSIGNEE’S SOC. SEC. OR TAX ID NO. 
  

							
	 	 	 	 	 	  	 
	  

	  

 (Print or type assignee’s name, address and zip code) 
  

											
	and irrevocably appoint	 	  

	  

 to transfer this Security on the books of NAI. The agent may substitute another to act for him. 
  

							
	 Date:                    
	 		 	Your Signature:	 	  

		 		 	(Sign exactly as your name appears in this Security)
				
	 Guaranteed:                                    
    
	 		 		 	

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Security Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

 FORM OF 6.650% SENIOR NOTE 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK,
NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE. 
 THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A)(1) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (3) PURSUANT TO AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (4) TO AN INSTITUTIONAL ACCREDITED INVESTOR IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR (5) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (B) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 

 **$            ** 
 NEWS AMERICA INCORPORATED 
 6.650%
SENIOR NOTES DUE NOVEMBER 15, 2037 
 CUSIP U65249 AP6 
 see reverse for certain definitions 
 NEWS AMERICA INCORPORATED, a Delaware corporation (“NAI” or the
“Company”, which terms include any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to 
 **CEDE & CO.** 
 or registered assigns; 
 the principal amount of **                      DOLLARS** 
 on November 15, 2037 and to pay interest thereon from November 14, 2007 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on May 15, and November 15 of each year, commencing May 15, 2008, at the rate of 6.65% per annum, until the principal hereof is fully paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record
Date, which shall be the May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Note may be listed, and upon such notice as may be required by such exchange, all as more fully provided in such Indenture. 
 This Note is unconditionally guaranteed by News Corporation, a Delaware corporation (“News Corporation”), as set forth in Article Twelve of the Indenture and in the Guarantee endorsed hereon. 
 Payment of the principal of, and interest on, this Note will be made at the offices or agencies of the Company maintained for that purpose in The City of
New York, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public debts; provided, however, that, at the option of the Company, payment of 

 
interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer
to an account maintained by the Person entitled thereto as specified in the Security Register. 
 Reference is hereby made to the further
provisions of this Note set forth herein which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to herein by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose.

 IN WITNESS WHEREOF, NAI has caused this Note to be signed manually or by facsimile by its duly authorized officers and a facsimile of its
corporate seal to be affixed hereto or imprinted hereon. 
  

													
		 		 	 NEWS AMERICA INCORPORATED
	 	
							
		 		 	 By:
	 	  
	 		 	By:	 	  

		 		 		 	Secretary	 		 		 	Authorized Signatory

  

			
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION

	
	 This is one of the Securities referred
 to in the within-mentioned Indenture

	
	 THE BANK OF NEW YORK, as Trustee

		
	 By:
	 	  

		 	Authorized Signatory

 NEWS AMERICA INCORPORATED 
 6.650% SENIOR NOTES DUE NOVEMBER 15, 2037 
 Indenture 
 This Security is one of a duly authorized series (this series being the “Securities”) of debt securities of News America Incorporated, a
Delaware corporation (“NAI” or the “Company”), issued under an Amended and Restated Indenture dated as of March 24, 1993, as supplemented by a First Supplemental Indenture, dated as of May 20, 1993, a Second
Supplemental Indenture, dated as of May 28, 1993, a Third Supplemental Indenture, dated as of July 21, 1993, a Fourth Supplemental Indenture, dated as of October 20, 1995, a Fifth Supplemental Indenture, dated as of January 8,
1998, a Sixth Supplemental Indenture, dated as of March 1, 1999, a Seventh Supplemental Indenture, dated as of February 14, 2001, an Eighth Supplemental Indenture, dated as of June 27, 2003, a Ninth Supplemental Indenture, dated as of
November 12, 2004, a Tenth Supplemental Indenture, dated as of March 14, 2005, an Eleventh Supplemental Indenture, dated as of March 21, 2005 and a Twelfth Supplemental Indenture, dated as of May 23, 2007 (as so supplemented, the
“Indenture”), among NAI, News Corporation, a Delaware corporation (“News Corporation” or the “Guarantor”), and The Bank of New York, as Trustee (the “Trustee”, which term includes any successor trustee under
the indenture), which provides for the issuance by NAI from time to time of debt securities (the “Debt Securities”) in one or more series, in which Indenture and all indentures supplemental thereto reference is hereby made for a statement
of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee and the Holders of the Debt Securities and of the terms upon which the Debt Securities are, and are to be, authenticated and
delivered. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as in effect on the date of the Indenture (the “TIA”), and as provided in
the Indenture. The terms of the Securities and Guarantee set forth in this certificate are qualified in their entirety by reference to the terms of the Indenture. The Securities are subject to all such terms, and Securityholders are referred to the
Indenture and the TIA for a statement of those terms. The Securities are unconditionally guaranteed on a senior basis (the “Guarantee”) by the Guarantor. Capitalized terms used herein and not defined herein have the meanings ascribed
thereto in the Indenture. 
  

	 	1.	Paying Agent and Security Registrar 

 Initially, the
Trustee will act as Paying Agent and Security Registrar. NAI may appoint and change any Paying Agent or Security Registrar without notice, other than notice to the Trustee. NAI or any Subsidiary or an Affiliate of either of them may act as Paying
Agent, Security Registrar or co-registrar. 
  

	 	2.	Optional Redemption by the Company 

 This Note is
redeemable, as a whole or in part, at our option, at any time or from time to time, upon mailed notice to the registered address of the Holder at least 30 days but not more than 60 days prior to the redemption. The redemption price will be equal to
the greater of (1)

  

 -1- 

 
100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments (as defined below) on
such Notes discounted to the date of redemption, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 30 basis points. Accrued interest
will be paid to the date of redemption. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to
the semiannual equivalent yield to maturity (computed as of the third business day immediately preceding that redemption date) of the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date. 
 “Comparable Treasury Issue”
means the United States Treasury security selected by the Reference Treasury Dealer (as defined below) as having a maturity comparable to the remaining term of the Notes, that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury Price” means, with respect to any redemption date, the Reference Treasury Dealer Quotations (as defined below) for that redemption date. 
 “Reference Treasury Dealer” means J.P. Morgan Securities Inc. and its successor. If it shall cease to be a primary U.S. Government securities
dealer, we will substitute another nationally recognized investment banking firm that is a primary U.S. Government securities dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to the Reference Treasury Dealer and any redemption date, the average, as determined by the trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in writing to the trustee by the Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding that redemption date. 
 “Remaining Scheduled Payments” means the remaining scheduled payments of principal of and interest on the Notes that would be due after the
related redemption date but for that redemption. If that redemption date is not an interest payment date with respect to the Notes, the amount of the next succeeding scheduled interest payment on the Notes will be reduced by the amount of interest
accrued on the Notes to such redemption date. 
 On and after the redemption date, interest will cease to accrue on this Note or any portion
of this Note called for redemption (unless we default in the payment of the redemption price and accrued interest). On or before the redemption date, the Company will deposit with a paying agent (or the trustee) money sufficient to pay the
redemption price of and accrued interest on the Notes to be redeemed on that date. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the trustee by a method the trustee deems to be fair and appropriate.

  

 -2- 

	 	3.	Repurchase Upon Change of Control Triggering Event 

 Subject to the terms and conditions of the Indenture, NAI shall become immediately obligated to offer to purchase the Securities pursuant to Section 1301 of the Indenture upon the occurrence of a Change of Control Triggering Event at a
price equal to 101% of aggregate principal amount, plus accrued interest, if any, to the date of purchase. 
  

	 	4.	Denominations; Transfer; Exchange 

 The Securities
are in registered form, without coupons, in denominations of US$1,000 of principal amount and integral multiples thereof. A Holder may transfer or exchange Securities in accordance with the terms of the Indenture. The Security Registrar may require
a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Security Registrar need not register the transfer or exchange of any Securities
for a period of 15 days before the selection of any Securities for redemption or of any Securities so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
  

	 	5.	Persons Deemed Owners 

 The registered Holder of
this Security may be treated as the owner of the Security for all purposes. 
  

	 	6.	Amendment; Waiver 

 The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of Securities under the Indenture and the waiver of compliance by the Company with certain
provisions of the Indenture at any time with the consent of the Holders of a majority in aggregate principal amount of the Debt Securities at the time outstanding (or, in case less than all of the several series of Debt Securities then outstanding
are affected, of the Holders of a majority in principal amount of the Debt Securities at the time outstanding of each affected series). The Indenture also permits the Holders of a majority in principal amount of the Securities at the time
outstanding, on behalf of the Holders of all the Securities, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder hereof shall be conclusive and binding upon such Holder and upon all
future Holders hereof and of any Securities issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made hereon. 
  

	 	7.	Defeasance 

 The Indenture contains provisions for
defeasance at any time of (i) the entire indebtedness of the Securities and (ii) certain restrictive covenants and certain Events of Default applicable to the Securities, upon compliance by the Company with certain conditions set forth in
the Indenture. 
  

 -3- 

	 	8.	Defaults and Remedies 

 Under the Indenture, Events
of Default include (i) default in payment of the principal amount, premium, if any, or interest, in respect of the Securities when the same becomes due and payable subject, in the case of interest, to the grace period contained in the
Indenture; (ii) failure by the Company or the Guarantor to perform any other covenant or warranty (other than a covenant included in the Indenture solely for the benefit of another series of Debt Securities), subject to notice and lapse of
time; (iii) failure to pay at Stated Maturity (after the expiration of any grace period) certain indebtedness; (iv) certain events of acceleration prior to maturity of certain indebtedness; (v) certain final judgments which remain
undischarged; or (vi) certain events of bankruptcy or insolvency. If an Event of Default occurs and is continuing, the Holders of at least 25% in aggregate principal amount of the Securities at the time outstanding may declare all the
Securities to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in the Securities becoming due and payable immediately upon the occurrence of such Events of Default. 
 Securityholders may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives reasonable indemnity or security. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities at the time outstanding may direct the Trustee in its exercise of any trust or
power. The Trustee may withhold from Securityholders notice of any continuing Default (except a Default in payment of amounts specified in clause (i) above) if it determines that withholding notice is in their interests. 
  

	 	9.	Trustee Dealings with NAI 

 Subject to certain
limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by NAI or its Affiliates and may
otherwise deal with NAI or its Affiliates with the same rights it would have if it were not Trustee. 
  

	 	10.	No Recourse Against Others 

 A director, officer,
employee or stockholder, as such, of NAI shall not have any liability for any obligations of NAI under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a
Security, each Securityholder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 
  

	 	11.	Abbreviations 

 Customary abbreviations may be used
in the name of a Principal or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gifts to
Minors Acts). 
  

 -4- 

	 	12.	Governing Law 

 THE INDENTURE AND THIS SECURITY
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
  

 -5- 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you wish to have this Security purchased by the Company pursuant to Section 1301 of the Indenture, check the Box.  ̈ 
 If you wish to have a portion of this Security purchased by
the Company pursuant to Section 1301 of the Indenture, state the amount (in original principal amount): 
 $                     
  

  

									
	 Date:                    
	  		  		 	Your Signature	 	  

					
			
		 	  
	 	

 (Sign exactly as your name appears in this Note) 
 Signature
Guarantee:                                      
   
 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition
to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
  

 -6- 

 GUARANTEE 
 News Corporation (the “Guarantor”) has unconditionally guaranteed on a senior basis (i) the due and punctual payment of the principal of, premium, if any, and interest (including post-petition interest)
on the Securities, when and as the same shall become due and payable, whether at maturity, by acceleration, as a result of redemption, upon a Change of Control Triggering Event, by acceleration or otherwise, (ii) the due and punctual payment of
interest on the overdue principal of, premium and interest, if any, on the Securities, to the extent lawful, (iii) the due and punctual performance of all other obligations of NAI to the Holders or the Trustee under the Indenture and
(iv) in case of any extension of time of payment or renewal of any Securities or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether
at Stated Maturity, by acceleration or otherwise. 
 The obligations of the Guarantor to the Holders of the Securities and to the Trustee
pursuant to the Guarantee and the Indenture are expressly set forth to the extent and in the manner provided in Article Twelve of the Indenture and reference is hereby made to such Indenture for the precise terms of the Guarantee therein made.

 No stockholder, officer, director or incorporator, as such, past, present or future, of the Guarantor shall have any personal liability
under the Guarantee by reason of his or its status as such stockholder, officer, director or incorporator. 
 The Guarantee shall not be
valid or obligatory for any purpose until the certificate of authentication on the Securities upon which this Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized
signatories. 
 Executed as a deed in New York, New York. 
  

 -7- 

			
	 GUARANTOR

	
	 News Corporation

		
	 By:
	 	  

		 	Authorized Signatory for the Guarantor

  

 -8- 

 ASSIGNMENT FORM 
 To assign the Security, fill in the form below: 
 I or we assign and transfer this security to 
 INSERT ASSIGNEE’S SOC. SEC. OR TAX ID NO. 
  

							
	 	  	 	  	 	  	 
	  

	  

 (Print or type assignee’s name, address and zip code) 
  

											
	and irrevocably appoint	 	  

	  

 to transfer this Security on the books of NAI. The agent may substitute another to act for him. 
  

							
	 Date:                    
	 		 	Your Signature:	 	  

		 		 	(Sign exactly as your name appears in this Security)
				
	 Guaranteed:                                    
    
	 		 		 	

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Security Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.Form of Employment Continuation Agreement

 Exhibit 10.31 
 FORM OF EMPLOYMENT CONTINUATION AGREEMENT 
 SILICON GRAPHICS, INC. 
 1600 Amphitheatre Parkway 
 Mountain View,
California 94043-1351 
 [Date] 
 Silicon Graphics, Inc. 
 1600 Amphitheatre Parkway 
 Mountain View, California 94043-1351 
 Dear ____________: 
 The Company considers it essential to the best interests of its shareholders to foster the continuous employment of key management personnel. In this connection, the Board of Directors of the Company (the
“Board”) recognizes that, as is the case with many publicly held corporations, the possibility of a change in control may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in
the departure or distraction of management personnel to the detriment of the Company and its shareholders. 
 The Board has determined that
appropriate steps should be taken to reinforce and encourage the continued attention and dedication of officers of the Company, including you, to their assigned duties without distraction in the face of potentially disturbing circumstances arising
from the possibility of a change in control of the Company. 
 In order to induce you to remain in the employ of the Company and in
consideration of your agreements set forth herein (including, but not limited to, those set forth in Section 2(g)), the Company agrees that you shall receive the benefits set forth in this agreement (“Agreement”) under the
circumstances described below. This Agreement shall supersede any prior agreement that you may have had with the Company regarding any severance or change in control benefits. 
 1. Term of Agreement. This Agreement shall commence on the date hereof and shall continue in effect until your employment with the Company is
terminated unless sooner terminated by written agreement of the Company and you. 
 2. Definitions. As used in this Agreement:

 (a) “Board” shall mean the Board of Directors of the Company. 
 (b) “Change in Control” of the Company means any of the following occurrences: 
 (i) Any person(s) acting together which would constitute a “group” for purposes of Section 13(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) (other than the Company, any subsidiary, or any “permitted holder” as defined below) shall “beneficially own” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, at least 35% of the total voting power of all classes of capital stock of the Company entitled to vote generally in the election of the Board; 
 (ii) Either (A) “incumbent directors”, as defined below, shall cease for any reason to constitute at least a majority of the members of the Board (for these purposes, an “incumbent director”
shall mean any member of the Board as of the effective date of this Agreement, and any successor of a incumbent director whose election, or nomination for election by the Company’s shareholders was approved by at least a majority of the current
directors then on the Board), or (B) at any meeting of the shareholders of the Company called for the purpose of electing directors, a majority of the persons nominated by the Board for election as directors shall fail to be elected;

 (iii) Consummation of a merger or consolidation of the Company (A) in which the Company is not the continuing or
surviving corporation (other than a consolidation or merger with a wholly-owned subsidiary of the Company in which all shares of Common Stock outstanding immediately prior to the effectiveness 

 
thereof are changed into or exchanged for common stock of the subsidiary) or (B) pursuant to which all shares of Common Stock are converted into cash,
securities or other property, except in either case, a consolidation or merger of the Company in which the holders of the shares of Common Stock immediately prior to the consolidation or merger have, directly or indirectly, at least a majority of
the shares of Common Stock of the continuing or surviving corporation immediately after such consolidation or merger or in which the Board immediately prior the merger or consolidation would, immediately after the merger or consolidation, constitute
a majority of the board of directors of the continuing or surviving corporation; 
 (iv) Consummation of a plan of complete
liquidation of the Company; or 
 (v) The consummation of a sale or other disposition (in one transaction or a series of
transactions) of all or substantially all of the assets of the Company.
 For purposes of this Agreement, the Board may by resolution,
clarify the date as of which a Change in Control shall be deemed to have occurred. 
 (c) “Current Compensation”
shall mean your monthly base salary, as in effect immediately prior to the Change in Control. 
 (d) “Disability”
shall mean a physical or mental illness or injury which, as determined by the Company, continuously prevents you from performing your duties with the Company for a period of six months prior to termination. 
 (e) “Good Reason” shall mean grounds for termination by you of your employment by the Company based upon prior constructive
termination by the Company as provided in Section 6 hereof. 
 (f) “Person” means any individual, entity or
group within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act. 
 (g) “Potential Change in Control of
the Company” shall be deemed to have occurred if (i) the Company enters into an agreement or letter of intent, the consummation of which would result in the occurrence of a Change in Control of the Company; (ii) any person (including
the Company) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control of the Company; (iii) any person, other than a trustee or other fiduciary holding securities under an
employee benefit plan for the Company, who is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing 9.5% or more of the combined voting power of the Company’s then outstanding securities increases
his beneficial ownership of such securities by five (5) percentage points or more over the percentage so owned by such person on the date hereof (with beneficial ownership determined under Rule 13d-3 of the Exchange Act); or (iv) the Board
adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control of the Company has occurred. You agree that, subject to the terms and conditions of this Agreement, in the event of a Potential Change in Control
of the Company, you will remain in the employ of the Company (or the subsidiary thereof by which you are employed at the date such Potential Change in Control occurs) until the earliest of (x) a date which is six months following the occurrence
of such Potential Change in Control of the Company, (y) the termination by you of your employment by reason of Disability, as defined in Section 2(d) or (z) the occurrence of a Change in Control of the Company. 
 (h) “Termination Payment” shall mean the severance pay to which you are entitled upon termination of your employment within
twenty-four (24) months after a Change in Control as provided in Section 4(a). 
  

 2 

 3. Benefits Upon a Change in Control.  
 (a) Subject to Section 7 below, in the event of a Change in Control, you shall be entitled to the following benefits: 
 (i) Any non-statutory stock options and incentive stock options granted to you by the Company that are outstanding immediately prior to
the effective date of the Change in Control and that are not assumed, converted or replaced by the surviving or continuing entity in connection with the Change in Control shall (A) become fully vested and exercisable immediately prior to the
Change in Control (contingent upon the effectiveness of the Change in Control) and (B) terminate if not exercised at or prior to the effective time of the Change in Control. 
 (ii) Any restricted stock unit awards granted to you by the Company that are outstanding immediately prior to the effective date of the
Change in Control and that are not assumed, converted or replaced by the surviving or continuing entity in connection with the Change in Control shall become fully vested immediately prior to the Change in Control (contingent upon the effectiveness
of the Change in Control). 
 (iii) With respect to any restricted stock granted to you by the Company, if the reacquisition
or repurchase rights held by the Company with respect to such restricted stock is not assigned to the surviving or continuing entity in connection with the Change in Control, such restricted stock shall be released from the Company’s
reacquisition or repurchase rights immediately prior to the Change in Control (contingent upon the effectiveness of the Change in Control). 
 4. Benefits Upon a Termination Following a Change in Control.  
 (a) Subject to Section 7 below, if your
employment with the Company is terminated within twenty-four (24) months after a Change in Control, other than as set forth in Section 4(c), you shall be entitled to the following benefits: 
 (i) A Termination Payment, payable in cash, in an amount equal to the sum of the following: 
 (A) [12/24] months of your Current Compensation at the rate in effect immediately prior to such Change in Control; and

 (B) a prorated amount of your annual bonus at target under the Company’s corporate annual executive incentive plan or
a similar incentive plan in which all senior executives participate (the “Target Bonus”) for the calendar year in which such termination occurs (which shall be equal to (A) the number of full months that you were employed by the
Company during such calendar year prior to such termination divided by twelve (12), multiplied by (B) the amount of such Target Bonus). 
 (ii) Any non-statutory stock options and incentive stock options granted to you by the Company that are outstanding as of the date of your termination shall (A) become fully vested and exercisable upon your
termination and (B) remain exercisable for ninety (90) days following your termination. 
 (iii) Any restricted
stock unit awards granted to you by the Company that are outstanding as of the date of your termination shall become fully vested upon your termination. 
 (iv) Any restricted stock granted to you by the Company shall be released from the Company’s reacquisition or repurchase rights upon your termination. 
 (v) If you are enrolled in a health, dental, or vision plan sponsored by the Company and you timely elect to continue coverage under such
health, dental, or vision plan at the time of your termination of employment under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall pay a portion of the applicable premiums for such coverage for
[12/24] months following such termination, at the same rate that the Company paid for coverage under such plans for you prior to your termination of employment; provided, however, that no such premium payments shall be made following
the 

  

 3 

 
date that you become covered under another health, dental, or vision plan, whether through a subsequent employer or otherwise. No provision of this Agreement
will affect the continuation coverage rules under COBRA, except that the Company’s payment of applicable insurance premiums in accordance with the foregoing will be credited as payment by you for purposes of your payments under COBRA.
Therefore, the period during which you may elect to continue the Company’s health, dental, or vision plan coverage at your own expense under COBRA, the length of time during which COBRA coverage will be made available to you, and all your other
rights and obligations under COBRA (except the Company’s obligation to pay applicable insurance premiums in accordance with the foregoing) will be applied in the same manner that such rules would apply in the absence of this Agreement. Upon the
expiration of the period during which the Company pays your insurance premiums in accordance with the foregoing, you will be responsible for the entire payment of premiums required under COBRA for the duration of the COBRA period. For purposes of
the foregoing, (i) references to COBRA shall be deemed to refer also to analogous provisions of state law and (ii) any applicable insurance premiums that are paid by the Company shall not include any amounts payable by you under an
Internal Revenue Code Section 125 health care reimbursement plan, which amounts, if any, are your sole responsibility. 
 (b) Any cash payable to you under Section 4(a)(i) shall be payable in a single lump sum between 30 and 60 calendar days after your termination of employment; provided, however, that if you are a “specified employee”
within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”) at the time of such termination, such payment shall be delayed until six (6) months after the date of such termination.

 (c) Anything contained in Section 4(a) above to the contrary notwithstanding, the Company shall have no obligation
under this Agreement to pay a Termination Payment, accelerate the vesting and exercisability (if applicable) of options and restricted stock unit awards, release shares from the Company’s reacquisition or repurchase rights or pay applicable
insurance premiums under COBRA in the event of (i) your termination of employment prior to a Change in Control or (ii) after a Change in Control, a termination of your employment for “Cause” (as defined in Section 5) or due
to death, retirement or resignation other than for “Good Reason” (as defined in Section 6). 
 (d) In the event
that the terms of this Agreement relating to options, restricted stock unit awards or restricted stock conflict with the terms of any option, restricted stock unit award, restricted stock or related agreement between you and the Company, the terms
that are more favorable to you will control. 
 (e) Prior to, and as a condition of receiving any benefits under
Section 4 of this Agreement, you will be required to sign, date, return to the Company, and allow to become effective, a general release of all known and unknown claims in the form provided by the Company. 
 5. Termination for Cause. Termination of your employment with the Company shall be regarded as termination for Cause only upon: 

(a) your willful and continued failure to substantially perform your duties with the Company (other than such failure resulting from
your incapacity due to physical or mental illness) after there is delivered to you by the Board a written demand for substantial performance which sets forth in detail the specific respects in which it believes you have not substantially performed
your duties; 
 (b) your willfully engaging in gross misconduct which is materially and demonstrably injurious to the Company;

 (c) your committing a felony or an act of fraud against the Company or its affiliates; or 
 (d) your breaching materially the terms of your employee confidentiality and proprietary information agreement with the Company.

 No act, or failure to act, by you shall be considered “willful” if done, or omitted to be done, by you in good faith and in your
reasonable belief that your act or omission was in the best interest of the Company and/or required by applicable law. 
  

 4 

 Anything contained in this Section 5 to the contrary notwithstanding, you shall not be deemed to
have been terminated for Cause unless and until there shall have been delivered to you a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board at a meeting of the Board called and
held for that purpose (after reasonable notice to and an opportunity for you, together with your counsel, to be heard before the Board), finding that in the good faith opinion of the Board, you were guilty of conduct set forth in Section 5(a)
or 5(b) and specifying the particulars thereof in detail. 
 6. Termination for Good Reason. Your employment with the Company
may be regarded as having been constructively terminated by the Company, and you may therefore terminate your employment for Good Reason and thereupon become entitled to benefits pursuant to Section 4 above, if, after a Change in Control, one
or more of the following events shall occur (unless such event(s) applies to a person solely in his capacity as a member of the Board): 
 (i) without your express written consent, the assignment to you of any duties or the significant reduction of your duties, either of which is inconsistent with your position with the Company (or the duties and
responsibilities of such position) immediately prior to a Change in Control, or your removal from or any failure to re-elect you to any such position; 
 (ii) without your express written consent, the substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to you immediately prior to a
Change in Control, unless such reduction applies generally to all officers of the Company and any successor to the Company, or; 
 (iii) a reduction by the Company in your salary or in any bonus compensation formula applicable to you as in effect immediately prior to a Change in Control, or the failure by the Company (other than a failure that applies generally to all
officers of the Company and any successor to the Company) to increase such base salary each year following a Change in Control by an amount which equals at least one-half (1/2), on a percentage basis, of the average annual percentage increase in
base salary for all officers of the Company (and any successor of the Company) during the prior two full calendar years; 
 (iv) a material reduction by the Company in the kind or level of employee benefits to which you were entitled prior to a Change in Control with the result that your overall benefits package is significantly reduced after the Change in
Control; or the taking of any action by the Company which would materially and adversely affect your participation in any plan, program or policy generally applicable to executives or employees of the Company or any successor of the Company
(including but not limited to paid vacation days), or deprive you in a material and substantial way of any fringe benefits enjoyed by you prior to a Change in Control; 
 (v) the Company’s requiring you to be based anywhere other than your then present location (except for required travel on the
Company’s business to an extent substantially consistent with your present business travel obligations) or a location more than 25 miles from your then present location, without your consent; 
 (vi) any purported termination of your employment by the Company which is not effected for Disability or for Cause, or any purported
termination for which the grounds relied upon are not valid; or 
 (vii) the failure of the Company to obtain the assumption
of this Agreement by any successor as contemplated in Section 10 hereof. 
 7. Parachute Payments. In the event that any
payment or benefit you would receive from the Company pursuant to a Change in Control or otherwise (“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code or any similar or
successor provision and (ii) but for this Section 7, be subject to the excise tax imposed by Section 4999 of the Code or any similar or successor provision (the “Excise Tax”), then such Payment shall be equal to the Reduced
Amount. The “Reduced Amount” shall be either (x) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the
Payment, whichever amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in your receipt, on an after-tax basis,
of the greater amount of the Payment notwithstanding 

  

 5 

 
that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments”
is necessary so that the Payment equals the Reduced Amount, such reduction shall occur in the following order unless you elect in writing a different order (provided, however, that such election shall be subject to Company approval if made on
or after the date on which the event that triggers the Payment occurs): reduction of cash payments; cancellation of accelerated vesting of stock awards; reduction of employee benefits. In the event that acceleration of vesting of stock award
compensation is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of your stock awards unless you elect in writing a different order for cancellation. 
 The accounting firm engaged by the Company for general audit purposes as of the day prior to the effective date of the Change of Control shall perform
the foregoing calculations. If the accounting firm so engaged by the Company is serving as accountant or auditor for the individual, entity or group effecting the Change of Control, the Company shall appoint a nationally recognized accounting firm
to make the determinations required hereunder. The Company shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. The accounting firm engaged to make the determinations hereunder shall
provide its calculations, together with detailed supporting documentation, to the Company and you within fifteen (15) calendar days after the date on which your right to a Payment is triggered (if requested at that time by the Company or you)
or such other time as requested by the Company or you. If the accounting firm determines that no Excise Tax is payable with respect to a Payment, it shall furnish the Company and you with an opinion reasonably acceptable to you that no Excise Tax
will be imposed with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Company and you. 
 8. Disputes. To dispute a termination for Good Reason by you, the Company must give you written notice of such dispute within ten working
days after your effective date of termination. To dispute a termination by the Company or any failure to make payments claimed to be due hereunder, you must give written notice of such dispute to the Company within 30 days after receiving a notice
of termination, or within 30 days after the date on which a payment claimed by you to be due hereunder was due to be made, as the case may be. 
 If any such dispute is finally determined in your favor, the Company shall pay all reasonable fees and expenses, including attorneys’ and consultants’ fees, that you incur in good faith in connection therewith. 
 9. No Mitigation.  
 (a) You shall not be required to mitigate the amount of any payment provided for in Section 4 hereof by seeking other employment or otherwise, nor shall the amount of such payment be reduced by reason of compensation or other income
you receive for services rendered after your termination of employment with the Company. 
 (b) In addition to the Termination
Payment payable pursuant to Section 4 hereof, you shall be entitled to receive all benefits payable to you under any benefit plan of the Company in which you participate in accordance with the terms of such plan. 
 10. Company’s Successors. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, or
otherwise) to all or substantially all of the business and/or assets of the Company, to expressly assume and agree to perform the obligations under this Agreement in the same manner and to the same extent that the Company would be required to
perform if no such succession had taken place. As used in this Section 10, “Company” includes any successor to its business or assets as aforesaid which executes and delivers this Agreement or which otherwise becomes bound by all the
terms and provisions of this Agreement by operation of law. 
 11. Notice. Notices and all other communications provided for in
this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or five (5) days after deposit with postal authorities transmitted by United States registered or certified mail, return receipt requested,
postage prepaid, addressed to the respective addresses set forth on the first or last page of this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change
of address shall be effective only upon receipt. 
  

 6 

 12. Amendment or Waiver. No provisions of this Agreement may be modified, waived, or
discharged unless such waiver, modification, or discharge is agreed to in writing by you and the Company. No waiver of either party at any time of the breach of, or lack of compliance with, any conditions or provisions of this Agreement shall be
deemed a waiver of other provisions or conditions hereof. 
 13. Sole Agreement. This Agreement represents the entire agreement
between you and the Company with respect to the matters set forth herein. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter of this Agreement will be made by either party which are not set
forth expressly herein. 
 14. Employee’s Successors. This Agreement shall inure to the benefit of and be enforceable by
your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If you should die while any amounts are still payable to you hereunder, all such amounts, unless otherwise provided herein,
shall be paid in accordance with the terms of this Agreement to your devisee, legatee, or other designee or, if there be no such designees, to your estate. 
 15. Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement, which shall remain in full force
and effect. 
 16. Applicable Law. This Agreement shall be interpreted and enforced in accordance with the laws of the State of
California. 
 17. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but
all of which together will constitute one and the same instrument. 
 If the foregoing conforms with our understanding, please indicate your
agreement to the terms hereof by signing where indicated below and returning one copy of this Agreement to the undersigned. 
  

 7 

 IN WITNESS WHEREOF, this Agreement is executed effective as of the date set forth above. 
  

			
	Very truly yours,
	
	SILICON GRAPHICS, INC.
		
	By:	 	 
		 	

  

	
	 ACCEPTED AND AGREED TO AS OF
 THE DATE FIRST SET FORTH
ABOVE:

	
	  

  

 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]