Document:

EX-4.1

 Exhibit 4.1 
 FORM OF 
 NEW NEWSCORP LLC 

and 

[                    ]

 as Rights Agent 
 Rights Agreement 
 Dated as of
[—], 2013 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	Section 1.	 	 Certain Definitions
	  	 	2	  
	Section 2.	 	 Appointment of Rights Agent
	  	 	8	  
	Section 3.	 	 Issuance of Rights Certificates
	  	 	8	  
	Section 4.	 	 Form of Rights Certificates
	  	 	10	  
	Section 5.	 	 Countersignature and Registration
	  	 	11	  
	Section 6.	 	 Transfer, Split-Up, Combination and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or Stolen Rights
Certificates
	  	 	12	  
	Section 7.	 	 Exercise of Rights; Purchase Price; Expiration Date of Rights
	  	 	13	  
	Section 8.	 	 Cancellation and Destruction of Rights Certificates
	  	 	15	  
	Section 9.	 	 Reservation and Availability of Capital Stock
	  	 	15	  
	Section 10.	 	 Preferred Stock Record Date
	  	 	16	  
	Section 11.	 	 Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights
	  	 	17	  
	Section 12.	 	 Certificate of Adjusted Purchase Price or Number of Shares
	  	 	24	  
	Section 13.	 	 Consolidation, Merger or Sale or Transfer of Assets Cash Flow or Earning Power
	  	 	25	  
	Section 14.	 	 Fractional Rights and Fractional Shares
	  	 	27	  
	Section 15.	 	 Rights of Action
	  	 	28	  
	Section 16.	 	 Agreement of Rights Holders
	  	 	28	  
	Section 17.	 	 Rights Certificate Holder Not Deemed to be a Stockholder
	  	 	29	  
	Section 18.	 	 Concerning the Rights Agent
	  	 	29	  
	Section 19.	 	 Merger or Consolidation or Change of Name of Rights Agent
	  	 	30	  
	Section 20.	 	 Duties of Rights Agent
	  	 	30	  
	Section 21.	 	 Change of Rights Agent
	  	 	32	  
	Section 22.	 	 Issuance of New Rights Certificates
	  	 	33	  
	Section 23.	 	 Redemption and Termination
	  	 	34	  
	Section 24.	 	 Exchange
	  	 	34	  
	Section 25.	 	 Notice of Certain Events
	  	 	36	  
	Section 26.	 	 Notices
	  	 	37	  
	Section 27.	 	 Supplements and Amendments
	  	 	37	  
	Section 28.	 	 Successors
	  	 	38	  
	Section 29.	 	 Determinations and Actions by the Board of Directors, etc
	  	 	38	  
	Section 30.	 	 Benefits of this Agreement
	  	 	38	  
	Section 31.	 	 Severability
	  	 	39	  
	Section 32.	 	 Governing Law
	  	 	39	  
	Section 33.	 	 Counterparts
	  	 	39	  
	Section 34.	 	 Descriptive Headings
	  	 	40	  
	Section 35.	 	 Book Entry
	  	 	40	  

 EXHIBITS 

 

			
	Exhibit A —	 	Form of Certificate of Designation, Preferences and Rights of Series A Junior Participating Preferred Stock
	Exhibit B —	 	Form of Rights Certificates
	Exhibit C —	 	Form of Summary of Rights to Purchase Series A Junior Participating Preferred Stock

  
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 RIGHTS AGREEMENT 

RIGHTS AGREEMENT, dated as of [—], 2013 (the “Agreement”), between New
Newscorp LLC, a limited liability company organized under the laws of the State of Delaware (the “Company”), and [            ], a [limited liability company duly organized and
validly existing under the laws of the State of Delaware] (the “Rights Agent”). 
 W I T N E S E T H

 WHEREAS, on May 22, 2013, the Board of Managers of the Company (the “Board”) approved the
Company’s entering into this Rights Agreement and the declaration of a dividend distribution of the Rights (as defined below) on such date in advance of the Separation (as defined herein) as the Board shall determine, which date the Board has
determined to be [—], 2013 (the “Rights Dividend Declaration Date”) a dividend distribution of one right (a “Class A Right”) for each share of Class A common stock, par value
$0.01 per share, of the Company (the “Class A Common Stock” or “Nonvoting Common Stock”) and one right (a “Class B Right” and, together with the Class A Rights, the “Rights”) for each share of Class B
common stock, par value $0.01 per share, of the Company (the “Class B Common Stock” or “Voting Common Stock” and, together with the Class A Common Stock, the “Common Stock”) outstanding (it being understood that
shares held by direct or indirect wholly owned Subsidiaries of the Company shall not be considered as outstanding) at the close of business on [—]1, 2013 (the “Record Date”), with the payment of such
dividend being conditioned on the consummation of the Separation, and has authorized the issuance of one Class A Right (as such number may hereinafter be adjusted pursuant to the provisions of Section 11(p) hereof) for each share of
Class A Common Stock and one Class B Right (as such number may hereinafter be adjusted pursuant to the provisions of Section 11(p) hereof) for each share of Class B Common Stock issued between the Record Date (whether originally issued or
delivered from the Company’s treasury) and the Distribution Date (as hereinafter defined), each Right initially representing the right to purchase one one-thousandth of a share of Series A Junior Participating Preferred Stock of the Company
(the “Preferred Stock”) having the rights, powers and preferences set forth in the form of Certificate of Designations, Preferences and Rights attached hereto as Exhibit A, upon the terms and subject to the conditions hereinafter set
forth. 
 WHEREAS, following the date of this Agreement and prior to the consummation of the Separation, the Company
shall be converted into a Delaware corporation governed by the Certificate of Incorporation and By-Laws attached as exhibits to the Company’s Registration Statement filed on Form 10 at the time of effectiveness of such Registration Statement,
and from and after the effectiveness of such conversion, references herein to the “Board” shall be deemed to refer to the board of directors of the corporation to which the Company was converted and references herein to the
“Company” shall be deemed to refer to the corporation to which the Company was converted. 
  

	1 	To be a date prior to the date of consummation of the Separation. 

 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set
forth, the parties hereby agree as follows: 
 Section 1. Certain Definitions. For purposes of this Agreement, the
following terms have the meanings indicated: 
 (a) “Acquiring Person” shall mean any Person who or which, together
with all Affiliates and Associates of such Person, shall be the Beneficial Owner of fifteen percent (15%) or more of the Voting Capital Stock then outstanding (including, without limitation, as a result of distribution of Voting Capital Stock
in the Separation), but shall not include 
 (i) the Company; 

(ii) any Subsidiary of the Company; 

(iii) any employee benefit plan of the Company, or of any Subsidiary of the Company, or any Person or entity organized,
appointed or established by the Company for or pursuant to the terms of any such plan; 
 (iv) any Exempt Person;

 (v) any Person who becomes the Beneficial Owner of fifteen percent (15%) or more of the Voting Capital
Stock then outstanding as a result of a reduction in the number of shares of Capital Stock outstanding due to the repurchase of shares of Capital Stock by the Company (or any Subsidiary of the Company, any employee benefit plan of the Company or of
any Subsidiary of the Company, or any Person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan) unless and until such Person, after becoming aware that such Person has become the Beneficial
Owner of fifteen percent (15%) or more of the then outstanding Voting Capital Stock, acquires beneficial ownership of additional shares of Capital Stock representing one percent (1%) or more of the Voting Capital Stock then outstanding
(except as otherwise provided in clause (vi) or clause (vii) hereof); 
 (vi) any Person who becomes
the Beneficial Owner of a number of shares of Voting Capital Stock such that such Person would qualify as an “Acquiring Person” (A) by way of acquisition of Voting Capital Stock as a result of the declaration and payment of a pro rata
dividend payable in Capital Stock (or securities convertible or exchangeable into Capital Stock) on, or split or subdivision of, the Capital Stock of the Company or (B) solely as a result of any unilateral grant of any security by the Company
or through the exercise of any options, warrants, rights or similar interests (including restricted stock) granted by the Company to its directors, officers and employees pursuant to any equity incentive or award plan; or 

(vii) any Person who becomes the Beneficial Owner of a number of shares of Voting Capital Stock such that such Person
would qualify as an “Acquiring Person,” but who becomes the Beneficial Owner of such shares inadvertently, as determined by the Board in its sole discretion within 10 days of its receipt of notice of such acquisition; provided, however,
that after being notified by the Board of the 

  
 2 

 
existence of any such acquisition, unless such Person promptly, but in any case within 10 Business Days of such notice, divests a sufficient number of shares of Voting Capital Stock so that such
Person would no longer otherwise qualify as an “Acquiring Person,” such Person shall be deemed to be an “Acquiring Person” at the end of such 10 Business Day period; provided, further that this clause (vii) shall not apply
to any Person to the extent such Person acquires more than 1.0% of the total outstanding Voting Capital Stock in addition to the number of shares of Voting Capital Stock that would cause such Person to qualify as an “Acquiring Person,”
without taking into account any determination regarding inadvertence in accordance with this clause (vii). 
 (b)
“Act” shall mean the Securities Act of 1933, as amended. 
 (c) “Adjustment Shares” shall have the meaning
set forth in Section 11(a)(ii) hereof. 
 (d) “Affiliate” and “Associate” shall have the respective
meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Exchange Act. 
 (e)
“Agreement” shall have the meaning set forth in the preamble to this Agreement. 
 (f) A Person shall be deemed the
“Beneficial Owner” of, and shall be deemed to “beneficially own,” any securities: 
 (i)
which such Person or any of such Person’s Affiliates or Associates, directly or indirectly, owns or has the right to acquire (whether such right is exercisable immediately or only after the passage of time or upon the satisfaction of one or
more conditions (whether or not within the control of such Person), compliance with regulatory requirements or otherwise) pursuant to any agreement, arrangement or understanding (whether or not in writing) or upon the exercise of conversion rights,
exchange rights, other rights, warrants or options, or otherwise, and including any securities of the Company represented by “when-issued” trading thereof; provided, however, that a Person shall not be deemed the “Beneficial
Owner” of, or to “beneficially own,” (A) securities tendered pursuant to a tender or exchange offer made by such Person or any of such Person’s Affiliates or Associates until such tendered securities are accepted for
purchase or exchange, (B) securities issuable upon exercise of Rights at any time prior to the occurrence of a Triggering Event (as hereinafter defined), or (C) securities issuable upon exercise of Rights from and after the occurrence of a
Triggering Event which Rights were acquired by such Person or any of such Person’s Affiliates or Associates prior to the Distribution Date (as hereinafter defined) or pursuant to Section 3(a) or Section 22 hereof (the “Original
Rights”) or pursuant to Section 11(i) hereof in connection with an adjustment made with respect to any Original Rights; 
 (ii) which such Person or any of such Person’s Affiliates or Associates, directly or indirectly, has the right to vote or dispose of or has “beneficial ownership” of (as determined pursuant
to Rule 13d-3 of the General Rules and Regulations under the Exchange Act), including pursuant to any agreement, arrangement or understanding 

  
 3 

 
(whether or not in writing); provided, however, that a Person shall not be deemed the “Beneficial Owner” of, or to “beneficially own,” any security under this subparagraph
(ii) as a result of an agreement, arrangement or understanding (whether or not in writing) to vote such security if such agreement, arrangement or understanding: (A) arises solely from a revocable proxy or consent given in response to a
public proxy or consent solicitation made pursuant to, and in accordance with, the applicable provisions of the General Rules and Regulations under the Exchange Act, and (B) is not reportable by such Person on Schedule 13D under the Exchange
Act (or any comparable or successor report); or 
 (iii) which are beneficially owned, directly or indirectly, by
any other Person (or any Affiliate or Associate thereof) with which such Person (or any of such Person’s Affiliates or Associates) has any agreement, arrangement or understanding (whether or not in writing), for the purpose of acquiring,
holding, voting (except pursuant to a revocable proxy or consent as described in the proviso to subparagraph (ii) of this paragraph (d)) or disposing of any voting securities of the Company; 

provided, however that each Murdoch Person shall be deemed to beneficially own all securities that are beneficially owned by all Murdoch Persons in the
aggregate; provided, further, that nothing in this paragraph (f) shall cause a Person engaged in business as an underwriter of securities to be the “Beneficial Owner” of, or to “beneficially own,” any securities acquired
through such Person’s participation in good faith in a firm commitment underwriting until the expiration of forty days after the date of such acquisition, and then only if such securities continue to be owned by such Person at such expiration
of forty days. 
 (g) “Board” shall have the meaning set forth in the preamble of this Agreement. 

(h) “Business Day” shall mean any day other than a Saturday, Sunday or a day on which banking institutions in the State of New
York are authorized or obligated by law or executive order to close. 
 (i) “Capital Stock” shall mean, any and all
shares, interests, participations, rights in, or other equivalents (however designated and whether voting and/or nonvoting) of the Company and any rights (other than debt securities convertible into capital stock), warrants or options to acquire
such capital stock, whether now outstanding or issued after the date of this Agreement. 
 (j) “Class A Common Stock”
shall have the meaning set forth in the preamble of this Agreement. 
 (k) “Class A Rights” shall have the meaning set
forth in the preamble of this Agreement. 
 (l) “Class B Common Stock” shall have the meaning set forth in the
preamble of this Agreement. 

  
 4 

 (m) “Class B Rights” shall have the meaning set forth in the preamble of this
Agreement. 
 (n) “close of business” on any given date shall mean 5:00 P.M., New York City time, on such date;
provided, however, that if such date is not a Business Day, it shall mean 5:00 P.M., New York City time, on the next succeeding Business Day. 
 (o) “Common Stock” shall mean the common stock, par value $0.01 per share, of the Company at the date hereof or any other stock resulting from successive changes or reclassifications of the
common stock, and includes both the Class A Common Stock and the Class B Common Stock, except that “Common Stock” when used with reference to any Person other than the Company shall mean the capital stock of such Person with the
greatest voting power, or the equity securities or other equity interest having power to control or direct the management, of such Person 
 (p) “Common Stock Equivalents” shall have the meaning set forth in Section 11(a)(iii) hereof. 
 (q) “Company” shall have the meaning set forth in the preamble to this Agreement. 
 (r) “Current Market Price” shall have the meaning determined in accordance with Section 11(d)(i) hereof. 
 (s) “Current Value” shall have the meaning set forth in Section 11(a)(iii) hereof. 
 (t) “Distribution Date” shall have the meaning set forth in Section 3(a) hereof. 
 (u) “Equivalent Preferred Stock” shall have the meaning set forth in Section 11(b) hereof. 
 (v) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 (w) “Exchange Ratio” shall have the meaning set forth in Section 24(a) hereof. 
 (x) “Exempt Person” shall mean each of the following: (i) News Corporation or its Subsidiaries (in each case solely prior to the consummation of the Separation) or the Company or any of its
Subsidiaries or controlled Affiliates, or (ii) any Person, including each Murdoch Person, who, on the first date of public announcement of the Board’s determination to adopt the Rights Agreement, (x) is the Beneficial Owner of fifteen
percent (15%) or more of the Voting Capital Stock then outstanding or (y) solely as a result of the Separation, would become the Beneficial Owner of fifteen percent (15%) or more of the Voting Capital Stock outstanding immediately
following the consummation of the Separation if the Separation were to be consummated immediately after the time of such public announcement, except, with respect to the Persons named in the preceding clause (ii) of this paragraph, any such
Person shall no longer be considered an Exempt Person (1) if such Person Beneficially Owns less than fifteen percent 

  
 5 

 
(15%) of the then-outstanding Voting Capital Stock or (2) if, on or after the first date of public announcement of the Board’s determination to adopt the Rights Agreement, such Person
acquires Beneficial Ownership of additional shares of Voting Capital Stock (other than (A) by way of acquisition of Voting Capital Stock as a result of the declaration and payment of a pro rata dividend payable in Capital Stock (or securities
convertible or exchangeable into Capital Stock) on, or split or subdivision of, the Capital Stock of the Company or (B) solely as a result of any unilateral grant of any security by the Company or through the exercise of any options, warrants,
rights or similar interests (including restricted stock) granted by the Company to its directors, officers and employees pursuant to any equity incentive or award plan), unless it is determined by the Board that such Person inadvertently acquired
such shares of Voting Capital Stock and the shares are subsequently divested by such Person, with such determination and divestiture each being made in accordance with the terms of clause (vii) of the definition of “Acquiring Person.”

 (y) “Expiration Date” shall have the meaning set forth in Section 7(a) hereof. 

(z) “Final Expiration Date” shall have the meaning set forth in Section 7(a) hereof. 

(aa) “including” shall mean “including, without limitation.” 

(bb) “Murdoch Person” shall mean each of K. Rupert Murdoch and any executor, administrator, guardian, conservator or similar
legal representative thereof, any member of the immediate family of K. Rupert Murdoch, Cruden Financial Services LLC, and any successor (by merger, consolidation, transfer of assets or otherwise) to all or substantially all of its business and
assets and any settlement and trusts, and any entities which are controlled by settlements and trusts, set up for the benefit of K. Rupert Murdoch or members of his family (either exclusively or among others). 

(cc) “NASDAQ” shall have the meaning set forth in Section 11(d)(i) hereof. 

(dd) “Nonvoting Common Stock” shall have the meaning set forth in the preamble of this Agreement. 

(ee) “Original Rights” shall have the meaning set forth in Section 1(f)(i) hereof. 

(ff) “Person” shall mean any individual, firm, corporation, partnership, limited liability company, trust, association,
syndicate or other entity and includes, without limitation, an unincorporated group of persons who, by formal or informal agreement or arrangement (whether or not in writing), have embarked on a common purpose or act. 

(gg) “Preferred Stock” shall mean shares of Series A Junior Participating Preferred Stock, par value $0.01 per share, of the
Company, and, to the extent that there are not a sufficient number of shares of Series A Junior Participating Preferred Stock authorized to permit the full exercise of the Rights, any other series of preferred stock of the Company designated for
such purpose containing terms substantially similar to the terms of the Series A Junior Participating Preferred Stock. 

  
 6 

 (hh) “Principal Party” shall have the meaning set forth in Section 13(b)
hereof. 
 (ii) “Purchase Price” shall have the meaning set forth in Section 4(a) hereof. 

(jj) “Record Date” shall have the meaning set forth in the preamble of this Agreement. 

(kk) “Redemption Price” shall have the meaning set forth in Section 23(a) hereof. 

(ll) “Rights” shall have the meaning set forth in the preamble of this Agreement. 

(mm) “Rights Agent” shall have the meaning set forth in the preamble of this Agreement. 

(nn) “Rights Certificate” shall have the meaning set forth in Section 3(a) hereof. 

(oo) “Rights Dividend Declaration Date” shall have the meaning set forth in the preamble of this Agreement. 

(pp) “Section 11(a)(ii) Event” shall mean any event described in Section 11(a) hereof. 

(qq) “Section 11(a)(ii) Trigger Date” shall mean any event described in Section 11(a)(iii) hereof. 

(rr) “Section 13 Event” shall mean any event described in clauses (x), (y) or (z) of Section 13(a) hereof.

 (ss) “Separation” shall mean the proposed separation of the businesses consisting of news and information services,
sports programming in Australia, digital real estate services, book publishing, and pay-TV distribution in Australia from the media and entertainment businesses of News Corporation by way of a distribution of the Capital Stock of the Company through
a dividend on News Corporation shares. 
 (tt) “Spread” shall have the meaning set forth in Section 11(a)(iii)
hereof. 
 (uu) “Stock Acquisition Date” shall mean the first date of public announcement (which, for purposes of this
definition, shall include, without limitation, a report filed or amended pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such. 

(vv) “Subsidiary” shall mean, with reference to any Person, any corporation or other entity of which an amount of securities or
other ownership interests having ordinary voting power sufficient to elect at least a majority of the directors or other Persons having similar functions of such corporation or other entity are at the time, directly or indirectly, beneficially
owned, or otherwise controlled by such Person. 

  
 7 

 (ww) “Substitution Period” shall have the meaning set forth in
Section 11(a)(iii) hereof. 
 (xx) “Summary of Rights” shall have the meaning set forth in Section 3(b)
hereof. 
 (yy) “Trading Day” shall have the meaning set forth in Section 11(d)(i) hereof. 

(zz) “Triggering Event” shall mean any Section 11(a)(ii) Event or any Section 13 Event. 

(aaa) “Voting Capital Stock” shall mean the Capital Stock of any class or kind ordinarily having the power to vote for the
election of directors or other members of the governing body of the Company, including the Voting Common Stock. 
 (bbb)
“Voting Common Stock” shall have the meaning set forth in the preamble of this Agreement. 
 Section 2.
Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as rights agent for the Company and the holders of the Rights (who, in accordance with Section 3 hereof, shall prior to the Distribution Date also be the
holders of the Common Stock) in accordance with the terms and conditions hereof, and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint such co-rights agents as it may deem necessary or desirable. 

Section 3. Issuance of Rights Certificates. 
 (a) Until the earlier of (i) the close of business on the tenth Business Day after the Stock Acquisition Date (or, if the tenth Business Day after the Stock Acquisition Date occurs before the Record
Date, the close of business on the Record Date), or (ii) the close of business on the tenth Business Day (or such later date as the Board shall determine) after the date that a tender or exchange offer by any Person (other than the Company, any
Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary of the Company, or any Person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan) is first published or
sent or given within the meaning of Rule 14d-2(a) of the General Rules and Regulations under the Exchange Act, if, upon consummation thereof, such Person would become an Acquiring Person (the earlier of (i) and (ii) being herein referred
to as the “Distribution Date”), (x) the Class A Rights will be evidenced (subject to the provisions of paragraph (b) of this Section 3) by the certificates for the Class A Common Stock registered in the names of
the holders of the Class A Common Stock (which certificates for Class A Common Stock shall be deemed also to be certificates for Class A Rights) and the Class B Rights will be evidenced (subject to the provisions of paragraph
(b) of this Section 3) by the certificates for the Class B Common Stock registered in the names of the holders of the Class B Common Stock (which certificates for Class B Common Stock shall be deemed also to be certificates for Class B
Rights), and, in each such case, not by separate certificates (or, for shares participating in the 

  
 8 

 
direct registration system, by notations in the respective book entry accounts for the Common Stock), and (y) the Rights will be transferable only in connection with the transfer of the
underlying shares of Common Stock (including a transfer to the Company). As soon as practicable after the Distribution Date, but subject to the following sentence, the Rights Agent will send by first-class, insured, postage-prepaid mail, to each
record holder of the Common Stock as of the close of business on the Distribution Date, at the address of such holder shown on the records of the Company, one or more rights certificates, in substantially the form of Exhibit B hereto (the
“Rights Certificates”), evidencing one Right for each share of Common Stock so held, subject to adjustment as provided herein. To the extent that a Triggering Event under Section 11(a)(ii) hereof has also occurred, the Company may
implement such procedures, as it deems appropriate in its sole discretion, to minimize the possibility that Rights are received by Persons whose Rights shall have become void under Section 7(e) hereof. In the event that an adjustment in the
number of Rights per share of Common Stock has been made pursuant to Section 11(p) hereof, at the time of distribution of the Rights Certificates, the Company shall make the necessary and appropriate rounding adjustments (in accordance with
Section 14(a) hereof) so that Rights Certificates representing only whole numbers of Rights are distributed and cash is paid in lieu of any fractional Rights. As of and after the Distribution Date, the Rights will be evidenced solely by such
Rights Certificates. The Company shall promptly notify the Rights Agent in writing upon the occurrence of the Distribution Date. Until such notice is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that the
Distribution Date has not occurred. 
 (b) The Company will send, as promptly as practicable following the Record Date, a copy
of a Summary of Rights, in substantially the form attached hereto as Exhibit C (the “Summary of Rights”) by first-class, postage pre-paid mail, to each record holder of Common Stock as of the close of business on the Record Date (other
than any Acquiring Person or any Affiliate or Associate of any Acquiring Person) at the address of such holder shown on the records of the Company. With respect to certificates for the Common Stock outstanding as of the Record Date, or issued
subsequent to the Record Date, unless and until the Distribution Date shall occur, the Rights will be evidenced by such certificates for the Common Stock (or, in the case of shares reflected on the direct registration system or other uncertificated
shares, the notations in the book entry account), together with the Summary of Rights, and the registered holders of the Common Stock shall also be the registered holders of the associated Rights. Until the earlier of the Distribution Date or the
Expiration Date, the transfer of any shares of Common Stock in respect of which Rights have been issued (with or without a copy of the Summary of Rights) shall also constitute the transfer of the Rights associated with such shares of Common Stock.

 (c) Rights shall be issued in respect of all shares of Common Stock which are issued (whether originally issued or disposed
from the Company’s treasury or transferred to third parties by wholly owned Subsidiaries of the Company) after the Record Date but prior to the earlier of the Distribution Date or the Expiration Date. Certificates representing such shares of
Common Stock shall also be deemed to be certificates for Rights, and shall bear the following legend if such certificates are issued after the Record Date but prior to the earlier of the Distribution Date or the Expiration Date: 

This certificate also evidences and entitles the holder hereof to certain Rights as set forth in the Rights Agreement
between New Newscorp Inc (the “Company”) and [                    ] (the “Rights Agent”), dated as of [—], 2013, as it may be amended from time to time (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal offices
of the Rights Agent designated for such purpose. Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate. The Rights Agent will
mail to the holder of this certificate a copy of the Rights Agreement, as in effect on the date of mailing, without charge, promptly after receipt of a written request therefor. Under certain circumstances set forth in the Rights Agreement,
Rights issued to, or held by, any Person who is, was or becomes an Acquiring Person or any Affiliate or Associate thereof (as such terms are defined in the Rights Agreement), whether currently held by or on behalf of such Person or by any subsequent
holder, may become null and void. 

  
 9 

 With respect to such certificates containing the foregoing legend, until the earlier of (i) the
Distribution Date or (ii) the Expiration Date, the Rights associated with the Common Stock represented by such certificates shall be evidenced by such certificates alone and registered holders of Common Stock shall also be the registered
holders of the associated Rights, and the transfer of any of such certificates shall also constitute the transfer of the Rights associated with the Common Stock represented by such certificates. Similarly, during such time periods, transfers of
shares participating in the direct registration system shall also be deemed to be transfers of the associated Rights. In the case of any shares participating in the direct registration system or any other uncertificated shares, the Company shall
provide notice of the foregoing legend in accordance with applicable law and shall cause the transfer agent for the Common Stock to include on each direct registration account statement with respect thereto issued prior to the Distribution Date a
notation to the effect that the Company will mail to the stockholder a copy of the Rights Agreement, as in effect on the date of mailing, without charge, promptly after receipt of a written request therefor and that the recipient of the statement,
as a holder of shares of Common Stock, may have certain rights thereunder. In the event that shares of the Common Stock are not represented by certificates, references in this Agreement to certificates shall be deemed to refer to the
notations in the book entry accounts reflecting ownership of such shares. 
 Section 4. Form of Rights Certificates.

 (a) The Rights Certificates (and the forms of election to purchase and of assignment to be printed on the reverse thereof)
shall each be substantially in the form set forth in Exhibit B hereto and may have such marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem appropriate and as are not
inconsistent with the provisions of this Agreement, or as may be required to comply with any 

  
 10 

 
applicable law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Rights may from time to time be listed, or to conform to
usage (but which shall not, in any case, affect the rights or duties of the Rights Agent). Subject to the provisions of Section 11 and Section 22 hereof, the Rights Certificates, whenever distributed, shall be dated as of the Record Date
and on their face shall entitle the holders thereof to purchase such number of one one-thousandths of a share of Preferred Stock as shall be set forth therein at the price set forth therein (such exercise price per one one-thousandth of a share, the
“Purchase Price”), but the amount and type of securities purchasable upon the exercise of each Right and the Purchase Price thereof shall be subject to adjustment as provided herein. 

(b) Any Rights Certificate issued pursuant to Section 3(a), Section 11(i) or Section 22 hereof that represents Rights
beneficially owned by: (i) an Acquiring Person or any Associate or Affiliate of an Acquiring Person, (ii) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee after the Acquiring Person
becomes such, or (iii) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with the Acquiring Person becoming such and receives such Rights pursuant to either (A) a
transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom such Acquiring Person has any continuing agreement, arrangement or understanding (whether or not
in writing) regarding the transferred Rights or (B) a transfer which the Board has determined, in its sole discretion, is part of a plan, arrangement or understanding (whether or not in writing) which has as a primary purpose or effect the
avoidance of Section 7(e) hereof, and any Rights Certificate issued pursuant to Section 6 or Section 11 hereof upon transfer, exchange, replacement or adjustment of any other Rights Certificate referred to in this sentence, shall
contain (to the extent feasible) the following legend: 
 The Rights represented by this Rights Certificate are or were
beneficially owned by a Person who was or became an Acquiring Person or an Affiliate or Associate of an Acquiring Person (as such terms are defined in the Rights Agreement). Accordingly, this Rights Certificate and the Rights represented hereby may
become null and void in the circumstances specified in Section 7(e) of the Rights Agreement. 
 Section 5.
Countersignature and Registration. 
 (a) The Rights Certificates shall be executed on behalf of the Company by its
Chairman of the Board, its President or any Vice President, either manually or by facsimile signature, and shall have affixed thereto the Company’s seal or a facsimile thereof which shall be attested by the Secretary or an Assistant Secretary
of the Company, either manually or by facsimile signature. The Rights Certificates shall be countersigned by the Rights Agent, either manually or by facsimile signature and shall not be valid for any purpose unless so countersigned. In case any
officer of the Company who shall have signed any of the Rights Certificates shall cease to be such officer of the Company before countersignature by the Rights Agent and issuance and delivery by the Company, such Rights Certificates, nevertheless,
may be countersigned by the Rights Agent and issued and delivered by the Company with the same force and effect as though the person who signed such Rights Certificates had not ceased to be such officer of the Company; and any Rights Certificates
may be signed on behalf of the Company by 

  
 11 

 
any person who, at the actual date of the execution of such Rights Certificate, shall be a proper officer of the Company to sign such Rights Certificate, although at the date of the execution of
this Agreement any such person was not such an officer. 
 (b) Following the Distribution Date, receipt by the Rights Agent of
notice to that effect and all other relevant information referred to in Section 3(a), the Rights Agent will keep, or cause to be kept, at its principal office or offices designated for such purpose, books for registration and transfer of the
Rights Certificates issued hereunder. Such books shall show the names and addresses of the respective holders of the Rights Certificates, the number of Rights evidenced on its face by each of the Rights Certificates and the date of each of the
Rights Certificates. 
 Section 6. Transfer, Split-Up, Combination and Exchange of Rights Certificates; Mutilated,
Destroyed, Lost or Stolen Rights Certificates. 
 (a) Subject to the provisions of Section 4(b), Section 7(e) and
Section 14 hereof, at any time after the close of business on the Distribution Date, and at or prior to the close of business on the Expiration Date, any Rights Certificate or Certificates (other than Rights Certificates representing Rights
that may have been exchanged pursuant to Section 24 hereof) may be transferred, split up, combined or exchanged for another Rights Certificate or Certificates, entitling the registered holder to purchase a like number of one one-thousandths of
a share of Preferred Stock (or, following a Triggering Event, Common Stock, other securities, cash or other assets, as the case may be) as the Rights Certificate or Certificates surrendered then entitles such holder (or former holder in the case of
a transfer) to purchase. Any registered holder desiring to transfer, split up, combine or exchange any Rights Certificate or Certificates shall make such request in writing delivered to the Rights Agent, and shall surrender the Rights Certificate or
Certificates to be transferred, split up, combined or exchanged at the principal office or offices of the Rights Agent designated for such purpose. Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company
shall be obligated to take any action whatsoever with respect to the transfer of any such surrendered Rights Certificate until the registered holder shall have completed and signed the certificate contained in the form of assignment on the reverse
side of such Rights Certificate and shall have provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company shall reasonably request. Thereupon the Rights
Agent shall, subject to Section 4(b), Section 7(e), Section 14 hereof and Section 24 hereof, countersign and deliver to the Person entitled thereto a Rights Certificate or Rights Certificates, as the case may be, as so requested.
The Company may require payment from any holder of a Rights Certificate of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split up, combination or exchange of Rights Certificates.

 (b) Upon receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft,
destruction or mutilation of a Rights Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to them, and reimbursement to the Company and the Rights Agent of all reasonable expenses incidental
thereto, and upon surrender to the Rights Agent and cancellation of the Rights Certificate, if mutilated, the Company will execute and deliver a new Rights Certificate of like tenor to the Rights Agent for countersignature and delivery to the
registered owner in lieu of the Rights Certificate so lost, stolen, destroyed or mutilated. 

  
 12 

 Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights.

 (a) Subject to Section 7(e) hereof, at any time after the Distribution Date the registered holder of any Rights
Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in
whole or in part upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for
such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-thousandths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered
Rights are then exercisable, and an amount equal to any tax or charge required to be paid by the holder under Section 9(e), at or prior to the earlier of (i) 5:00 P.M., New York City time, on
[—]2,
2014, or such earlier or later date as may be established by the Board prior to the expiration of the Rights (such date, as it may be advanced or extended by the Board, the “Final Expiration Date”), or (ii) the time at which the
Rights are redeemed or exchanged as provided in Section 23 and Section 24 hereof (the earlier of (i) and (ii) being herein referred to as the “Expiration Date”). 

(b) The Purchase Price for each one one-thousandth of a share of Preferred Stock pursuant to the exercise of a Right initially shall be
$90, and shall be subject to adjustment from time to time as provided in Section 11 and Section 13(a) hereof and shall be payable in accordance with paragraph (c) below. 

(c) Upon receipt of a Rights Certificate representing exercisable Rights, with the form of election to purchase and the certificate duly
executed, accompanied by payment, with respect to each Right so exercised, of the Purchase Price per one one-thousandth of a share of Preferred Stock (or other shares, securities, cash or other assets, as the case may be) to be purchased as set
forth below and an amount equal to any applicable transfer tax or charge required to be paid by the holder under Section 9(e), the Rights Agent shall, subject to Section 20(k) hereof, thereupon promptly (i) (A) requisition from
any transfer agent of the shares of Preferred Stock (or make available, if the Rights Agent is the transfer agent for such shares) certificates for the total number of one one-thousandths of a share of Preferred Stock to be purchased and the Company
hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of shares of Preferred Stock issuable upon exercise of the Rights hereunder with a
depositary agent, requisition from the depositary agent depositary receipts representing such number of one one-thousandths of a share of Preferred Stock as are to be purchased (in which case certificates for the shares of Preferred Stock
represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company will direct the depositary agent to comply with such request, (ii) requisition from the Company the amount of cash, if any, to be
paid in lieu of fractional shares in accordance with Section 14 hereof, (iii) after receipt of such certificates or 

 

	2 	Date to be 12 months from the date of consummation of the Separation. 

  
 13 

 
depositary receipts, cause the same to be delivered to or, upon the order of the registered holder of such Rights Certificate, registered in such name or names as may be designated by such
holder, and (iv) after receipt thereof, deliver such cash, if any, to or upon the order of the registered holder of such Rights Certificate. The payment of the Purchase Price (as such amount may be reduced pursuant to Section 11(a)(iii)
hereof) shall be made in cash or by certified bank check or bank draft payable to the order of the Company. In the event that the Company is obligated to issue other securities (including Common Stock) of the Company, pay cash and/or distribute
other property pursuant to Section 11(a) hereof, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate. The Company
reserves the right to require prior to the occurrence of a Triggering Event that, upon any exercise of Rights, a number of Rights be exercised so that only whole shares of Preferred Stock would be issued. 

(d) In case the registered holder of any Rights Certificate shall exercise less than all of the Rights evidenced thereby, a new Rights
Certificate evidencing the Rights remaining unexercised shall be issued by the Rights Agent and delivered to, or upon the order of, the registered holder of such Rights Certificate, registered in such name or names as may be designated by such
holder, subject to the provisions of Section 14 hereof. 
 (e) Notwithstanding anything in this Agreement to the contrary,
from and after the first occurrence of a Section 11(a)(ii) Event, any Rights beneficially owned by (i) an Acquiring Person or an Associate or Affiliate of an Acquiring Person, (ii) a transferee of an Acquiring Person (or of any such
Associate or Affiliate) who becomes a transferee after the Acquiring Person becomes such, or (iii) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with the Acquiring
Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person
has any continuing agreement, arrangement or understanding (whether or not in writing) regarding the transferred Rights or (B) a transfer which the Board has determined is part of a plan, arrangement or understanding which has as a primary
purpose or effect the avoidance of this Section 7(e), shall become null and void without any further action and no holder of such Rights shall have any rights whatsoever with respect to such Rights, whether under any provision of this Agreement
or otherwise. The Company shall use all reasonable efforts to insure that the provisions of this Section 7(e) and Section 4(b) hereof are complied with, but shall have no liability, to the fullest extent permitted by law, to any holder of
Rights Certificates or any other Person as a result of its failure to make any determinations with respect to an Acquiring Person or any of its Affiliates, Associates or their respective transferees hereunder. 

(f) Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated to undertake
any action with respect to a registered holder upon the occurrence of any purported exercise as set forth in this Section 7 unless such registered holder shall have (i) completed and signed the certificate contained in the form of election
to purchase set forth on the reverse side of the Rights Certificate surrendered for such exercise, and (ii) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates of
such Beneficial Owner as the Company or the Rights Agent shall reasonably request. 

  
 14 

 Section 8. Cancellation and Destruction of Rights Certificates. All Rights
Certificates surrendered for the purpose of exercise, transfer, split-up, combination, redemption, or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if
surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for
cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Rights Agent shall deliver all cancelled Rights
Certificates to the Company, or shall, at the written request of the Company, destroy such cancelled Rights Certificates, and in such case shall deliver a certificate of destruction thereof to the Company. 

Section 9. Reservation and Availability of Capital Stock. 

(a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of
Preferred Stock (and, following the occurrence of a Triggering Event, out of its authorized and unissued shares of Common Stock and/or other securities or out of its authorized and issued shares held in its treasury), the number of shares of
Preferred Stock (and, following the occurrence of a Triggering Event, Common Stock and/or other securities) that, as provided in this Agreement including Section 11(a)(iii) hereof, will be sufficient to permit the exercise in full of all
outstanding Rights. 
 (b) So long as the shares of Preferred Stock (and, following the occurrence of a Triggering Event, Common
Stock and/or other securities) issuable and deliverable upon the exercise of the Rights may be listed on the NASDAQ Global Select Market or any national securities exchange, the Company shall use its best efforts to cause, from and after such time
as the Rights become exercisable, all shares reserved for such issuance to be listed on such market or exchange upon official notice of issuance upon such exercise. 
 (c) The Company shall use its best efforts to (i) file, as soon as practicable following the earliest date after the first occurrence of a Section 11(a)(ii) Event on which the consideration to
be delivered by the Company upon exercise of the Rights has been determined in accordance with Section 11(a)(iii) hereof, a registration statement under the Act, with respect to the securities purchasable upon exercise of the Rights on an
appropriate form, (ii) cause such registration statement to become effective as soon as practicable after such filing, and (iii) cause such registration statement to remain effective (with a prospectus at all times meeting the requirements
of the Act) until the earlier of (A) the date as of which the Rights are no longer exercisable for such securities, and (B) the Expiration Date. The Company will also take such action as may be appropriate under, or to ensure compliance
with, the securities or “blue sky” laws of the various states in connection with the exercisability of the Rights. The Company may temporarily suspend, for a period of time not to exceed ninety (90) days after the date set forth in
clause (i) of the first sentence of this Section 9(c), the exercisability of the Rights in order to prepare and file such registration statement and permit it to become effective. Upon any such suspension, the Company shall issue a public
announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the suspension has been rescinded. The Company shall notify the Rights Agent whenever it makes a public
announcement pursuant to this Section 9(c) and give the Rights Agent a copy of such 

  
 15 

 
announcement. In addition, if the Company shall determine that a registration statement is required following the Distribution Date, the Company may temporarily suspend the exercisability of the
Rights until such time as a registration statement has been declared effective. Notwithstanding any provision of this Agreement to the contrary, the Rights shall not be exercisable in any jurisdiction if the requisite qualification in such
jurisdiction shall not have been obtained, the exercise thereof shall not be permitted under applicable law, or a registration statement shall not have been declared effective. 

(d) The Company covenants and agrees that it will take all such action as may be necessary to ensure that all one one-thousandths of a
share of Preferred Stock (and, following the occurrence of a Triggering Event, Common Stock and/or other securities) delivered upon exercise of Rights shall, at the time of delivery of the certificates for such shares (subject to payment of the
Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable. 
 (e) The Company further
covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be payable in respect of the issuance or delivery of the Rights Certificates and of any certificates for a number of one
one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities, as the case may be) upon the exercise of Rights. The Company shall not, however, be required to pay any transfer tax which may be payable in respect of any
transfer or delivery of Rights Certificates to a Person other than, or the issuance or delivery of a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities, as the case may be) in respect of a name other
than that of the registered holder of the Rights Certificates evidencing Rights surrendered for exercise, nor shall the Company be required to issue or deliver any certificates for a number of one one-thousandths of a share of Preferred Stock (or
Common Stock and/or other securities, as the case may be) in a name other than that of the registered holder upon the exercise of any Rights until such tax shall have been paid (any such tax being payable by the holder of such Rights Certificates at
the time of surrender) or until it has been established to the Company’s and the Rights Agent’s reasonable satisfaction that no such tax is due. 
 Section 10. Preferred Stock Record Date. Each person in whose name any certificate for a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities,
as the case may be) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such fractional shares of Preferred Stock (or Common Stock and/or other securities, as the case may be) represented
thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered and payment of the Purchase Price (and all applicable transfer taxes) was made; provided, however, that if the
date of such surrender and payment is a date upon which the Preferred Stock (or Common Stock and/or other securities, as the case may be) transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such
shares (fractional or otherwise) on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock (or Common Stock and/or other securities, as the case may be) transfer books of the Company are open. Prior to
the exercise of the Rights evidenced thereby, the holder of a Rights Certificate shall not be entitled to any rights of a stockholder of the Company with respect to shares for which the Rights shall be exercisable,

  
 16 

 
including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any
proceedings of the Company, except as provided herein. 
 Section 11. Adjustment of Purchase Price, Number and Kind of
Shares or Number of Rights. The Purchase Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. 

(a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Preferred Stock
payable in shares of Preferred Stock, (B) subdivide or split the outstanding shares of Preferred Stock, (C) combine or consolidate the outstanding shares of Preferred Stock into a smaller number of shares, through a reverse stock split or
otherwise, or (D) issue any shares of its capital stock in a reclassification of the Preferred Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving
corporation), except as otherwise provided in this Section 11(a) and Section 7(e) hereof, the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, split, combination,
consolidation or reclassification, and the number and kind of shares of Preferred Stock or capital stock, as the case may be, issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be
entitled to receive, upon payment of the Purchase Price then in effect, the aggregate number and kind of shares of Preferred Stock or capital stock, as the case may be, which, if such Right had been exercised immediately prior to such date and at a
time when the Preferred Stock transfer books of the Company were open, such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, split, combination, consolidation or reclassification. If an
event occurs which would require an adjustment under both this Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment
required pursuant to Section 11(a)(ii) hereof. 
 (ii) Subject to Section 24 hereof, in the event any
Person shall, at any time after the Rights Dividend Declaration Date, become an Acquiring Person, unless the event causing such Person to become an Acquiring Person is a transaction set forth in Section 13(a) hereof, then, promptly following
the later of the occurrence of such event and the Record Date, (A) each holder of a Class A Right (except as provided below and in Section 7(e) hereof) shall thereafter have the right to receive, upon exercise thereof at the then
current Purchase Price in accordance with the terms of this Agreement, in lieu of a number of one one-thousandths of a share of Preferred Stock, such number of shares of Class A Common Stock of the Company as shall equal the result obtained by
(x) multiplying the then current Purchase Price by the then number of one one-thousandths of a share of Preferred Stock for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event, and
(y) dividing that product (which, following such first occurrence, shall thereafter be referred to as the “Purchase Price” for each such Class A Right and for all purposes of this Agreement) by 50% of the Current Market Price
(determined pursuant to Section 11(d) hereof) per share of Class A Common Stock on the date of such first occurrence (such number of shares, the “Class A Adjustment Shares”) and (B) each holder of a Class B Right (except as
provided below 

  
 17 

 
and in Section 7(e) hereof) shall thereafter have the right to receive, upon exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement, in lieu of a
number of one one-thousandths of a share of Preferred Stock, such number of shares of Class B Common Stock of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the then number of one
one-thousandths of a share of Preferred Stock for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event, and (y) dividing that product (which, following such first occurrence, shall thereafter
be referred to as the “Purchase Price” for each such Class B Right and for all purposes of this Agreement) by 50% of the Current Market Price (determined pursuant to Section 11(d) hereof) per share of Class B Common Stock on the date
of such first occurrence (such number of shares, the “Class B Adjustment Shares” and, together with the Class A Adjustment Shares, the “Adjustment Shares”). The Company shall give the Rights Agent written notice of the
identity of any such Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing, and the Rights Agent may rely on such notice in carrying out is duties under this Agreement and shall be deemed not to have any knowledge of the
identity of any such Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing, unless and until it shall have received such notice. 
 (iii) In the event that the number of treasury shares and shares of Common Stock which is authorized by the Company’s Amended and Restated Certificate of Incorporation, as amended, but not
outstanding or reserved for issuance for purposes other than upon exercise of the Rights, is not sufficient to permit the exercise in full of the Rights in accordance with the foregoing subparagraph (ii) of this Section 11(a), the Company
shall (A) determine the value of the Adjustment Shares issuable upon the exercise of a Class A Right or Class B Right (the “Current Value”), and (B) with respect to each Right (subject to Section 7(e) hereof), make
adequate provision, to the extent not prohibited by the Company’s Amended and Restated Certificate of Incorporation, as amended, to substitute for the Adjustment Shares, upon the exercise of a Right and payment of the applicable Purchase Price,
(1) cash, (2) a reduction in the Purchase Price, (3) Common Stock or other equity securities of the Company (including, without limitation, shares, or units of shares, of preferred stock, such as the Preferred Stock, which the Board
has deemed to have essentially the same value or economic rights as shares of Common Stock (such shares of preferred stock being referred to as “Common Stock Equivalents”)), (4) debt securities of the Company, (5) other assets,
or (6) any combination of the foregoing, having an aggregate value equal to the Current Value (less the amount of any reduction in the Purchase Price), where such aggregate value has been determined by the Board based upon the advice of a
nationally recognized investment banking firm selected by the Board; provided, however, that if the Company shall not have made adequate provision to deliver value pursuant to clause (B) above within thirty (30) days following the later of
(x) the first occurrence of a Section 11(a)(ii) Event and (y) the date on which the Company’s right of redemption pursuant to Section 23(a) expires (the later of (x) and (y) being referred to herein as the
“Section 11(a)(ii) Trigger Date”), then the Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase Price, shares of Class A Common Stock or Class B Common Stock,
as the case may be, (to the extent available) and then, if necessary, cash, which shares and/or cash have an aggregate value equal to the Spread. 

  
 18 

 
For purposes of the preceding sentence, the term “Spread” shall mean the excess of (i) the Current Value over (ii) the Purchase Price. If the Board determines in good faith
that it is likely that sufficient additional shares of Common Stock could be authorized for issuance upon exercise in full of the Rights, the thirty (30) day period set forth above may be extended to the extent necessary, but not more than
ninety (90) days after the Section 11(a)(ii) Trigger Date, in order that the Company may seek stockholder approval for the authorization of such additional shares (such thirty (30) day period, as it may be extended, is herein called
the “Substitution Period”). To the extent that the Company determines that action should be taken pursuant to the first and/or third sentences of this Section 11(a)(iii), the Company (1) shall provide, subject to
Section 7(e) hereof and to the extent not prohibited by the Company’s Amended and Restated Certificate of Incorporation, as amended, that such action shall apply uniformly to all outstanding Rights, and (2) may suspend the
exercisability of the Rights until the expiration of the Substitution Period in order to seek such stockholder approval for such authorization of additional shares and/or to decide the appropriate form of distribution to be made pursuant to such
first sentence and to determine the value thereof. In the event of any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at
such time as the suspension is no longer in effect. The Company shall notify the Rights Agent whenever it makes a public announcement pursuant to this Section 11(a)(iii) and give the Rights Agent a copy of such announcement. For purposes of
this Section 11(a)(iii), the value of each Adjustment Share shall be the Current Market Price per share of the Class A Common Stock or Class B Common Stock, as the case may be, on the Section 11(a)(ii) Trigger Date and the per share
or per unit value of any Common Stock Equivalent shall be deemed to equal the Current Market Price per share of the Class A Common Stock or Class B Common Stock, as the case may be, on such date. 

(b) In case the Company shall fix a record date for the issuance of rights, options or warrants to all holders of shares of Preferred
Stock entitling them to subscribe for or purchase (for a period expiring within forty-five (45) calendar days after such record date) shares of Preferred Stock (or shares having the same rights, privileges and preferences as the shares of
Preferred Stock (“Equivalent Preferred Stock”)) or securities convertible into Preferred Stock or Equivalent Preferred Stock at a price per share of Preferred Stock or per share of Equivalent Preferred Stock (or having a conversion price
per share, if a security convertible into Preferred Stock or Equivalent Preferred Stock) less than the Current Market Price (as determined pursuant to Section 11(d) hereof) per share of Preferred Stock on such record date, the Purchase Price to
be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of shares of Preferred Stock outstanding on such
record date, plus the number of shares of Preferred Stock which the aggregate offering price of the total number of shares of Preferred Stock and/or Equivalent Preferred Stock so to be offered (and/or the aggregate initial conversion price of the
convertible securities so to be offered) would purchase at such Current Market Price, and the denominator of which shall be the number of shares of Preferred Stock outstanding on such record date, plus the number of additional shares of Preferred
Stock and/or Equivalent Preferred Stock to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible). In case such subscription price may be paid

  
 19 

 
by delivery of consideration, part or all of which may be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board, whose determination shall
be described in a statement filed with the Rights Agent and shall be binding on the Rights Agent and the holders of the Rights. Shares of Preferred Stock owned by or held for the account of the Company shall not be deemed outstanding for the purpose
of any such computation. Such adjustment shall be made successively whenever such a record date is fixed, and in the event that such rights or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price which would then
be in effect if such record date had not been fixed. 
 (c) In case the Company shall fix a record date for a distribution to
all holders of shares of Preferred Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), of cash (other than a regular quarterly cash dividend out
of the earnings or retained earnings of the Company), assets (other than a dividend payable in Preferred Stock, but including any dividend payable in stock other than Preferred Stock) or evidences of indebtedness, or of subscription rights or
warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the
numerator of which shall be the Current Market Price (as determined pursuant to Section 11(d) hereof) per share of Preferred Stock on such record date, less the fair market value (as determined in good faith by the Board, whose determination
shall be described in a statement filed with the Rights Agent) of the portion of the cash, assets or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to a share of Preferred Stock, and the
denominator of which shall be such Current Market Price (as determined pursuant to Section 11(d) hereof) per share of Preferred Stock. Such adjustments shall be made successively whenever such a record date is fixed, and in the event that such
distribution is not so made, the Purchase Price shall be adjusted to be the Purchase Price which would have been in effect if such record date had not been fixed. 
 (d) (i) The Current Market Price per share of Class A Common Stock or Class B Common Stock, as the case may be, on any date shall be deemed to be (1) for the purpose of any computation
hereunder, other than computations made pursuant to Section 11(a)(iii) hereof, the average of the daily closing prices per share of such Common Stock for the thirty (30) consecutive Trading Days immediately prior to such date (calculated
according to class), and (2) for purposes of computations made pursuant to Section 11(a)(iii) hereof, the average of the daily closing prices per share of such Common Stock for the ten (10) consecutive Trading Days immediately
following such date (calculated according to class); provided, however, that to the extent such 30 Trading Day period or 10 Trading Day period, as the case may be, includes Trading Days on or prior to the date on which the Separation is consummated,
then the Current Market Price shall be determined, (x) in the case of the Class A Common Stock, by reference to the daily closing prices per share for the Class A Common Stock (including shares representing the Class A Common
Stock in the “when issued” trading market) for the number of consecutive Trading Days short of 30 or 10, as the case may be, and (y), in the case of the Class B Common Stock, by reference to the daily closing prices per share for closing
prices per share for the Class B Common Stock (including shares representing the Class B Common Stock in the “when issued” trading market) for the number of consecutive Trading Days short of 30 or 10, as the case may be; provided, further,
that in the event that the Current Market Price per share of the Common Stock is determined during a period following the announcement by the 

  
 20 

 
issuer of such Common Stock of (A) a dividend or distribution on such Common Stock payable in shares of such Common Stock or securities convertible into shares of such Common Stock (other
than the Rights), or (B) any subdivision, combination, consolidation, reverse stock split or reclassification of such Common Stock, and the ex-dividend date for such dividend or distribution, or the record date for such subdivision,
combination, consolidation, reverse stock split or reclassification shall not have occurred prior to the commencement of the requisite thirty (30) Trading Day or ten (10) Trading Day period, as set forth above, then, and in each such case,
the Current Market Price shall be properly adjusted to take into account ex-dividend trading. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid
and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the NASDAQ Global Select Market or, if the shares of Common Stock are
not listed or admitted to trading on the NASDAQ Global Select Market, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the shares of
Common Stock are listed or admitted to trading or, if the shares of Common Stock are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices
in the over-the-counter market, as reported by the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) or such other system then in use, or, if on any such date the shares of Common Stock are not quoted by any
such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Common Stock selected by the Board. If on any such date no market maker is making a market in the Common Stock, the
fair value of such shares on such date as determined in good faith by the Board shall be used. The term “Trading Day” shall mean a day on which the NASDAQ Global Select Market or any other principal national securities exchange on which
the shares of Class A Common Stock or Class B Common Stock are listed or admitted to trading is open for the transaction of business or, if the shares of Common Stock are not listed or admitted to trading on such market or any national
securities exchange, a Business Day. If the Common Stock is not publicly held or not so listed or traded, the Current Market Price per share shall mean the fair value per share as determined in good faith by the Board, whose determination shall be
described in a statement filed with the Rights Agent and shall be conclusive for all purposes. 
 (ii) For the
purpose of any computation hereunder, the Current Market Price per share of Preferred Stock shall be determined in the same manner as set forth above for the Common Stock in clause (i) of this Section 11(d) (other than the last sentence
thereof). If the Current Market Price per share of Preferred Stock cannot be determined in the manner provided above or if the Preferred Stock is not publicly held or listed or traded in a manner described in clause (i) of this
Section 11(d), the Current Market Price per share of Preferred Stock shall be conclusively deemed to be an amount equal to 1,000 (as such number may be appropriately adjusted for such events as stock splits, stock dividends and
recapitalizations with respect to the Class B Common Stock occurring after the date of this Agreement) multiplied by the Current Market Price per share of the Class B Common Stock. If neither the Class B Common Stock nor the Preferred Stock is
publicly held or so listed or traded, Current Market Price per share of the Preferred Stock shall mean the fair value per share as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights
Agent and shall be conclusive for all purposes. 

  
 21 

 (e) Anything herein to the contrary notwithstanding, no adjustment in the Purchase Price
shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the Purchase Price; provided, however, that any adjustments which by reason of this Section 11(e) are not required to be made
shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 11 shall be made to the nearest cent or to the nearest ten-thousandth of a share of Common Stock or other share or one-millionth
of a share of Preferred Stock, as the case may be. Notwithstanding the first sentence of this Section 11(e), any adjustment required by this Section 11 shall be made no later than the earlier of (i) three (3) years from the date
of the transaction which mandates such adjustment, or (ii) the Expiration Date. 
 (f) If as a result of an adjustment made
pursuant to Section 11(a)(ii) or Section 13(a) hereof, the holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock other than Preferred Stock, thereafter the number of such other shares so
receivable upon exercise of any Right and the Purchase Price thereof shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Stock contained in
Sections 11(a), (b), (c), (e), (g), (h), (i), (j), (k) and (m), and the provisions of Sections 7, 9, 10, 13 and 14 hereof with respect to the Preferred Stock shall apply on like terms to any such other shares. 

(g) All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the
right to purchase, at the adjusted Purchase Price, the number of one one-thousandths of a share of Preferred Stock purchasable from time to time hereunder upon exercise of the Rights, all subject to further adjustment as provided herein. 

(h) Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as
a result of the calculations made in Sections 11(b) and (c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one
one-thousandths of a share of Preferred Stock (calculated to the nearest one-millionth) obtained by (i) multiplying (x) the number of one one-thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the
Purchase Price in effect immediately prior to such adjustment of the Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price. 

(i) The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights, in lieu of any
adjustment in the number of one one-thousandths of a share of Preferred Stock purchasable upon the exercise of a Right. Each of the Rights outstanding after the adjustment in the number of Rights shall be exercisable for the number of one
one-thousandths of a share of Preferred Stock for which a Right was exercisable immediately prior to such adjustment. Each Right held of record prior to such adjustment of the number of Rights shall become that number of Rights (calculated to the
nearest one-ten-thousandth) obtained by dividing the Purchase Price in effect immediately prior to adjustment of 

  
 22 

 
the Purchase Price by the Purchase Price in effect immediately after adjustment of the Purchase Price. The Company shall make a public announcement (with prompt written notice thereof to the
Rights Agent) of its election to adjust the number of Rights, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which the Purchase Price is adjusted
or any day thereafter, but, if the Rights Certificates have been issued, shall be at least ten (10) days later than the date of the public announcement. If Rights Certificates have been issued, upon each adjustment of the number of Rights
pursuant to this Section 11(i), the Company shall, as promptly as practicable, cause to be distributed to holders of record of Rights Certificates on such record date Rights Certificates evidencing, subject to Section 14 hereof, the
additional Rights to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Rights Certificates held by
such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Rights Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment. Rights Certificates so to be
distributed shall be issued, executed and countersigned in the manner provided for herein (and may bear, at the option of the Company, the adjusted Purchase Price) and shall be registered in the names of the holders of record of Rights Certificates
on the record date specified in the public announcement. 
 (j) Irrespective of any adjustment or change in the Purchase Price
or the number of one one-thousandths of a share of Preferred Stock issuable upon the exercise of the Rights, the Rights Certificates theretofore and thereafter issued may continue to express the Purchase Price per one one-thousandth of a share and
the number of one one-thousandth of a share which were expressed in the initial Rights Certificates issued hereunder. 
 (k)
Before taking any action that would cause an adjustment reducing the Purchase Price below the then stated value, if any, of the number of one one-thousandths of a share of Preferred Stock issuable upon exercise of the Rights, the Company shall take
any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable such number of one one-thousandths of a share of Preferred Stock at such adjusted
Purchase Price. 
 (l) In any case in which this Section 11 shall require that an adjustment in the Purchase Price be made
effective as of a record date for a specified event, the Company may elect to defer (with prompt written notice thereof to the Rights Agent) until the occurrence of such event the issuance to the holder of any Right exercised after such record date
the number of one one-thousandths of a share of Preferred Stock and other capital stock or securities of the Company, if any, issuable upon such exercise over and above the number of one one-thousandths of a share of Preferred Stock and other
capital stock or securities of the Company, if any, issuable upon such exercise on the basis of the Purchase Price in effect prior to such adjustment; provided, however, that the Company shall deliver to such holder a due bill or other appropriate
instrument evidencing such holder’s right to receive such additional shares (fractional or otherwise) or securities upon the occurrence of the event requiring such adjustment. 

(m) Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to make such reductions in the
Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that in their good faith judgment the 

  
 23 

 
Board shall determine to be advisable in order that any (i) consolidation or subdivision of the Preferred Stock, (ii) issuance wholly for cash of any shares of Preferred Stock at less
than the Current Market Price, (iii) issuance wholly for cash of shares of Preferred Stock or securities which by their terms are convertible into or exchangeable for shares of Preferred Stock, (iv) stock dividends or (v) issuance of
rights, options or warrants referred to in this Section 11, hereafter made by the Company to holders of its Preferred Stock shall not be taxable to such stockholders. 
 (n) The Company covenants and agrees that it shall not, at any time after the Distribution Date, (i) consolidate with any other Person (other than a Subsidiary of the Company in a transaction which
complies with Section 11(o) hereof), (ii) merge with or into any other Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof), or (iii) sell or transfer (or permit any Subsidiary
to sell or transfer), in one transaction, or a series of related transactions, assets, cash flow or earning power aggregating more than 50% of the assets or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or
Persons (other than the Company and/or any of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), if (x) at the time of or immediately after such consolidation, merger or sale there are any
rights, warrants or other instruments or securities outstanding or agreements in effect which would substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights or (y) prior to, simultaneously with or
immediately after such consolidation, merger or sale, the stockholders of the Person who constitutes, or would constitute, the “Principal Party” for purposes of Section 13(a) hereof shall have received a distribution of Rights
previously owned by such Person or any of its Affiliates and Associates. 
 (o) The Company covenants and agrees that, after the
Distribution Date, it will not, except as permitted by Section 23, Section 24 or Section 27 hereof, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action
will diminish substantially or otherwise eliminate the benefits intended to be afforded by the Rights. 
 (p) Anything in this
Agreement to the contrary notwithstanding, in the event that the Company shall at any time after the Rights Dividend Declaration Date and prior to the Distribution Date (i) declare a dividend on the outstanding shares of Common Stock payable in
shares of Common Stock, (ii) subdivide the outstanding shares of Common Stock, or (iii) combine the outstanding shares of Common Stock into a smaller number of shares, the number of Rights associated with each share of Common Stock then
outstanding, or issued or delivered thereafter but prior to the Distribution Date, shall be proportionately adjusted so that the number of Rights thereafter associated with each share of Common Stock following any such event shall equal the result
obtained by multiplying the number of Rights associated with each share of Common Stock immediately prior to such event by a fraction the numerator which shall be the total number of shares of Common Stock outstanding immediately prior to the
occurrence of the event and the denominator of which shall be the total number of shares of Common Stock outstanding immediately following the occurrence of such event. 
 Section 12. Certificate of Adjusted Purchase Price or Number of Shares. Whenever an adjustment is made as provided in Section 11 and Section 13 hereof, the Company shall
(a)

  
 24 

 
promptly prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Rights Agent, and with each
transfer agent for the Preferred Stock and the Common Stock, a copy of such certificate and (c) if a Distribution Date has occurred, mail a brief summary thereof to each holder of a Rights Certificate (or, if prior to the Distribution Date, to
each holder of a certificate representing shares of Common Stock) in accordance with Section 26 hereof. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment or statement therein contained and shall
have no duty or liability with respect to, and shall not be deemed to have knowledge of, any adjustment unless and until it shall have received such a certificate. 
 Section 13. Consolidation, Merger or Sale or Transfer of Assets Cash Flow or Earning Power. 
 (a) In the event that, following the Stock Acquisition Date, directly or indirectly, (x) the Company shall consolidate with, or merge with and into, any other Person, and the Company shall not be the
continuing or surviving corporation of such consolidation or merger, (y) any Person shall consolidate with, or merge with or into, the Company, and the Company shall be the continuing or surviving corporation of such consolidation or merger
and, in connection with such consolidation or merger, all or part of the outstanding shares of Common Stock shall be changed into or exchanged for stock or other securities of any other Person or of the Company or cash or any other property, or
(z) the Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or otherwise transfer), in one transaction or a series of related transactions, assets, cash flow or earning power aggregating more than 50% of the
assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to any Person or Persons (other than the Company or any Subsidiary of the Company in one or more transactions each of which complies with Section 11(o)
hereof and other than in connection with the Separation), then, and in each such case, proper provision shall be made so that: (i) each holder of a Right, except as provided in Section 7(e) hereof, shall thereafter have the right to
receive, upon the exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement, such number of validly authorized and issued, fully paid, non-assessable and freely tradeable shares of Common Stock of the
Principal Party (as such term is hereinafter defined), not subject to any liens, encumbrances, rights of first refusal or other adverse claims, as shall be equal to the result obtained by (1) multiplying the then current Purchase Price by the
number of one one-thousandths of a share of Preferred Stock for which a Right is exercisable immediately prior to the first occurrence of a Section 13 Event (or, if a Section 11(a)(ii) Event has occurred prior to the first occurrence of a
Section 13 Event, multiplying the number of such one one-thousandths of a share for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event by the Purchase Price in effect immediately prior to
such first occurrence of a Section 11(a)(ii) Event), and (2) dividing that product (which, following the first occurrence of a Section 13 Event, shall be referred to as the “Purchase Price” for each Right and for all
purposes of this Agreement) by 50% of the Current Market Price (determined pursuant to Section 11(d)(i) hereof) per share of the Common Stock of such Principal Party on the date of consummation of such Section 13 Event; (ii) such
Principal Party shall thereafter be liable for, and shall assume, by virtue of such Section 13 Event, all the obligations and duties of the Company pursuant to this Agreement; (iii) the term “Company” shall thereafter be deemed
to refer to such Principal Party, it being specifically intended that the provisions of Section 11 hereof shall apply only to such Principal Party following the first occurrence of a Section 13

  
 25 

 
Event; (iv) such Principal Party shall take such steps (including, but not limited to, the reservation of a sufficient number of shares of its Common Stock) in connection with the
consummation of any such transaction as may be necessary to assure that the provisions hereof shall thereafter be applicable, as nearly as reasonably may be, in relation to its shares of Common Stock thereafter deliverable upon the exercise of the
Rights; and (v) the provisions of Section 11(a)(ii) hereof shall be of no effect following the first occurrence of any Section 13 Event. 
 (b) “Principal Party” shall mean: 
 (i) in the case of
any transaction described in clause (x) or (y) of the first sentence of Section 13(a) hereof, the Person that is the issuer of any securities into which shares of Common Stock of the Company are converted in such merger or
consolidation, and if no securities are so issued, the Person that is the other party to such merger or consolidation; and 
 (ii) in the case of any transaction described in clause (z) of the first sentence of Section 13(a) hereof, the Person that is the party receiving the greatest portion of the assets, cash flow or
earning power transferred pursuant to such transaction or transactions; provided, however, that in any such case, (1) if the Common Stock of such Person is not at such time and has not been continuously over the preceding twelve (12) month
period registered under Section 12 of the Exchange Act, and such Person is a direct or indirect Subsidiary of another Person the Common Stock of which is and has been so registered, “Principal Party” shall refer to such other Person;
and (2) in case such Person is a Subsidiary, directly or indirectly, of more than one Person, the Common Stock of two or more of which are and have been so registered, “Principal Party” shall refer to whichever of such Persons is the
issuer of the Common Stock having the greatest aggregate market value. 
 (c) The Company shall not consummate any such
consolidation, merger, sale or transfer unless the Principal Party shall have a sufficient number of authorized shares of its Common Stock which have not been issued or reserved for issuance to permit the exercise in full of the Rights in accordance
with this Section 13 and unless prior thereto the Company and such Principal Party shall have executed and delivered to the Rights Agent a supplemental agreement providing for the terms set forth in paragraphs (a) and (b) of this
Section 13 and further providing that, as soon as practicable after the date of any consolidation, merger or sale of assets mentioned in paragraph (a) of this Section 13, the Principal Party will: 

(i) prepare and file a registration statement under the Act, with respect to the Rights and the securities purchasable
upon exercise of the Rights on an appropriate form, and will use its best efforts to cause such registration statement to (A) become effective as soon as practicable after such filing and (B) remain effective (with a prospectus at all
times meeting the requirements of the Act) until the Expiration Date; 
 (ii) take all such other action as may
be necessary to enable the Principal Party to issue the securities purchasable upon exercise of the Rights, including but not limited to the registration or qualification of such securities under all requisite securities laws or “blue sky”
laws of jurisdictions of the various states and the listing of such securities on such exchanges and trading markets as may be necessary or appropriate; and 
 (iii) will deliver to holders of the Rights historical financial statements for the Principal Party and each of its Affiliates which comply in all respects with the requirements for registration on Form
10 (or any successor form) under the Exchange Act. 

  
 26 

 In the event that a Section 13 Event shall occur at any time after the occurrence of a
Section 11(a)(ii) Event, the Rights which have not theretofore been exercised shall thereafter become exercisable in the manner described in Section 13(a). 
 Section 14. Fractional Rights and Fractional Shares. 
 (a) The Company
shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(p) hereof, or to distribute Rights Certificates which evidence fractional Rights. In lieu of such fractional Rights, the Company
shall pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Right. For purposes of this
Section 14(a), the current market value of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the
Rights for any Trading Day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated
transaction reporting system with respect to securities listed or admitted to trading on the NASDAQ Global Select Market or, if the Rights are not listed or admitted to trading on the NASDAQ Global Select Market, as reported in the principal
consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Rights are listed or admitted to trading, or if the Rights are not listed or admitted to trading on any national
securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by NASDAQ or such other system then in use or, if on any such date the Rights are not
quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Rights, selected by the Board. If on any such date no such market maker is making a market in the
Rights, the fair value of the Rights on such date as determined in good faith by the Board shall be used. 
 (b) The Company
shall not be required to issue fractions of shares of Preferred Stock (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock) upon exercise of the Rights or to distribute certificates which evidence
fractional shares of Preferred Stock (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock). In lieu of fractional shares of Preferred Stock that are not integral multiples of one one-thousandth of a
share of Preferred Stock, the Company may pay to the registered holders of Rights Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one one-thousandth of
a share of Preferred Stock. For purposes of this Section 14(b), the current market value of one one-thousandth of a share of Preferred Stock shall be one one-thousandth of the closing price of a share of Preferred Stock (as determined pursuant
to Section 11(d)(ii) hereof) on the Trading Day immediately prior to the date of such exercise. 

  
 27 

 (c) Following the occurrence of a Triggering Event, the Company shall not be required to
issue fractions of shares of Common Stock upon exercise of the Rights or to distribute certificates which evidence fractional shares of Common Stock. In lieu of fractional shares of Common Stock, the Company may pay to the registered holders of
Rights Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one (1) share of Common Stock. For purposes of this Section 14(c), the current market
value of one share of Common Stock shall be the closing price per share of Common Stock (as determined pursuant to Section 11(d)(i) hereof) on the Trading Day immediately prior to the date of such exercise. 

(d) The holder of a Right by the acceptance of the Rights expressly waives such holder’s right to receive any fractional Rights or
any fractional shares upon exercise of a Right, except as permitted by this Section 14. 
 Section 15. Rights of
Action. All rights of action in respect of this Agreement, excepting the rights of action given to the Rights Agent under Section 18 and Section 20, are vested in the respective registered holders of the Rights Certificates (and, prior
to the Distribution Date, the registered holders of the Common Stock); and any registered holder of any Rights Certificate (or, prior to the Distribution Date, of the Common Stock), without the consent of the Rights Agent or of the holder of any
other Rights Certificate (or, prior to the Distribution Date, of the Common Stock), may, in the holder’s own behalf and for the holder’s own benefit, enforce, and may institute and maintain any suit, action or proceeding against the
Company to enforce, or otherwise act in respect of, the holder’s right to exercise the Rights evidenced by such Rights Certificate in the manner provided in such Rights Certificate and in this Agreement. Without limiting the foregoing or any
remedies available to the holders of Rights, it is specifically acknowledged that the holders of Rights would not have an adequate remedy at law for any breach of this Agreement and shall be entitled to specific performance of the obligations
hereunder and injunctive relief against actual or threatened violations of the obligations hereunder of any Person subject to this Agreement. 
 Section 16. Agreement of Rights Holders. Every holder of a Right by accepting the same consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:

 (a) prior to the Distribution Date, the Rights will be transferable only in connection with the transfer of shares of Common
Stock; 
 (b) after the Distribution Date, the Rights Certificates are transferable only on the registry books of the Rights
Agent if surrendered at the principal office or offices of the Rights Agent designated for such purposes, duly endorsed or accompanied by a proper instrument of transfer and with the appropriate forms and certificates fully executed; 

(c) subject to Section 6(a) and Section 7(f) hereof, the Company and the Rights Agent may deem and treat the person in whose
name a Rights Certificate (or, prior to the 

  
 28 

 
Distribution Date, the associated Common Stock certificate (or book entry shares in respect of Common Stock)) is registered as the absolute owner thereof and of the Rights evidenced thereby
(notwithstanding any notations of ownership or writing on the Rights Certificates or the associated Common Stock certificate (or notices provided to holders of book entry shares of Common Stock) made by anyone other than the Company or the Rights
Agent) for all purposes whatsoever, and neither the Company nor the Rights Agent, subject to the last sentence of Section 7(e) hereof, shall be required to be affected by any notice to the contrary; and 

(d) notwithstanding anything in this Agreement to the contrary, neither the Company nor the Rights Agent shall have any liability to any
holder of a Right or any other Person as a result of its inability to perform any of its obligations under this Agreement by reason of any preliminary or permanent injunction or other order, decree or ruling issued by a court of competent
jurisdiction or by a governmental, regulatory or administrative agency or commission, or any statute, rule, regulation or executive order promulgated or enacted by any governmental authority, prohibiting or otherwise restraining performance of such
obligation; provided, however, that the Company shall use its best efforts to have any such order, decree or ruling lifted or otherwise overturned as soon as possible. 
 Section 17. Rights Certificate Holder Not Deemed to be a Stockholder. No holder, as such, of any Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose
the holder of the number of one one-thousandths of a share of Preferred Stock or any other securities of the Company which may at any time be issuable on the exercise or exchange of the Rights represented thereby, nor shall anything contained herein
or in any Rights Certificate be construed to confer upon the holder of any Rights Certificate, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders
at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in Section 25 hereof), or to receive dividends or subscription rights,
or otherwise, until the Right or Rights evidenced by such Rights Certificate shall have been exercised or exchanged in accordance with the provisions hereof. 
 Section 18. Concerning the Rights Agent. 
 (a) The Company agrees to
pay to the Rights Agent reasonable compensation for all services rendered by it hereunder and to reimburse the Rights Agent for all reasonable expenses, counsel fees and disbursements and other disbursements incurred in the administration and
execution of this Agreement and the exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent for, and to hold it harmless against, any loss, judgment, fine, penalty, claim, demand, settlement, damage,
cost, liability or expense, including, without limitation the reasonable fees and expenses of counsel, incurred without gross negligence, bad faith or willful misconduct on the part of the Rights Agent, for any action taken, suffered or omitted by
the Rights Agent pursuant to this Agreement or in connection with the acceptance, administration, exercise and performance of this Agreement, including the costs and expenses of defending against any claim of liability in the premises. The costs and
expenses incurred in enforcing this right of indemnification shall be paid by the Company. Any liability of the Rights Agent under this Agreement will be limited to the amount of fees paid by the Company to the Rights Agent. The indemnity provided
for herein shall survive the termination of this Agreement, the exercise or expiration of the Rights, and the resignation or removal of the Rights Agent. 
 (b) The Rights Agent shall be fully protected and authorized and shall incur no liability for or in respect of any action taken, suffered or omitted by it in connection with its administration of this
Agreement and the exercise and performance of its duties hereunder, in reliance upon any Rights Certificate or certificate for Common Stock or for other securities of the Company, instrument of assignment or transfer, power of attorney, endorsement,
affidavit, letter, notice, direction, consent, certificate, statement, or other paper or document believed by it to be genuine and to be signed, executed and, where necessary, verified or acknowledged, by the proper Person or Persons, or otherwise
upon the advice of counsel as set forth in Section 20. 

  
 29 

 Section 19. Merger or Consolidation or Change of Name of Rights Agent.

 (a) Any Person into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated,
or any Person resulting from any merger or consolidation to which the Rights Agent or any successor Rights Agent shall be a party, or any Person succeeding to the corporate trust, stock transfer or other stockholder services business of the Rights
Agent or any successor Rights Agent, shall be the successor to the Rights Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; but only if such Person would be eligible
for appointment as a successor Rights Agent under the provisions of Section 21 hereof. In case at the time such successor Rights Agent shall succeed to the agency created by this Agreement, any of the Rights Certificates shall have been
countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of a predecessor Rights Agent and deliver such Rights Certificates so countersigned; and in case at that time any of the Rights Certificates shall not
have been countersigned, any successor Rights Agent may countersign such Rights Certificates either in the name of the predecessor or in the name of the successor Rights Agent; and in all such cases such Rights Certificates shall have the full force
and effect provided in the Rights Certificates and in this Agreement. 
 (b) In case at any time the name of the Rights Agent
shall be changed and at such time any of the Rights Certificates shall have been countersigned but not delivered, the Rights Agent may adopt the countersignature under its prior name and deliver Rights Certificates so countersigned; and in case at
that time any of the Rights Certificates shall not have been countersigned, the Rights Agent may countersign such Rights Certificates either in its prior name or in its changed name; and in all such cases such Rights Certificates shall have the full
force provided in the Rights Certificates and in this Agreement. 
 Section 20. Duties of Rights Agent. The Rights
Agent undertakes to perform only the duties and obligations imposed by this Agreement, upon the following terms and conditions, by all of which the Company and the holders of Rights Certificates, by their acceptance thereof, shall be bound:

 (a) The Rights Agent may consult with legal counsel (who may be legal counsel for the Company), and the advice or opinion of
such counsel shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any action taken or omitted by it in good faith and in accordance with such advice or
opinion. 

  
 30 

 (b) Whenever in the performance of its duties under this Agreement the Rights Agent shall
deem it necessary or desirable that any fact or matter (including, without limitation, the identity of any Acquiring Person and the determination of Current Market Price) be proved or established by the Company prior to taking, suffering or omitting
any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by the Chairman of the Board, the President, any
Vice President, the Treasurer, any Assistant Treasurer, the Secretary or any Assistant Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full and complete authorization and protection to the Rights Agent and
the Rights Agent shall incur no liability for in respect of any action taken, suffered in good faith by it under the provisions of this Agreement in reliance upon such certificate. 

(c) The Rights Agent shall be liable hereunder to the Company and other Person only for its own gross negligence, bad faith or willful
misconduct. In no case, however, will the Rights Agent be liable for special, indirect, punitive, incidental or consequential losses or damages of any kind whatsoever (including but not limited to lost profits), even if the Rights Agent has been
advised of the possibility of such damages. 
 (d) The Rights Agent shall not be liable for or by reason of any of the
statements of fact or recitals contained in this Agreement or in the Rights Certificates or be required to verify the same (except as to its countersignature on such Rights Certificates), but all such statements and recitals are and shall be deemed
to have been made by the Company only. 
 (e) The Rights Agent shall not be under any responsibility in respect of the validity
of this Agreement or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any Rights Certificate (except its countersignature thereof); nor shall it be responsible for
any breach by the Company of any covenant or condition contained in this Agreement or in any Rights Certificate; nor shall it be responsible for any change in the exercisability of the Rights or any adjustment required under the provisions of
Section 11, Section 13 or Section 24 hereof or responsible for the manner, method or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment (except with respect to the
exercise of Rights evidenced by Rights Certificates after receipt of the certificate described in Section 12, upon which the Rights Agent may rely); nor shall it by any act hereunder be deemed to make any representation or warranty as to the
authorization or reservation of any shares of Common Stock or Preferred Stock to be issued pursuant to this Agreement or any Rights Certificate or as to whether any shares of Common Stock or Preferred Stock will, when so issued, be validly
authorized and issued, fully paid and nonassessable. 
 (f) The Company agrees that it will perform, execute, acknowledge and
deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the
provisions of this Agreement. 

  
 31 

 (g) The Rights Agent is hereby authorized and directed to accept instructions with respect
to the performance of its duties hereunder from the Chairman of the Board, the President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer of the Company, and to apply to such officers for advice
or instructions in connection with its duties, and such instructions shall be full authorization and protection to the Rights Agent and the Rights Agent shall not be liable for or in respect of any action taken, suffered or omitted by it in good
faith in accordance with instructions of any such officer or for any delay in acting while waiting for those instructions. The Rights Agent shall be fully authorized and protected in relying upon the most recent instructions received from any such
officers. 
 (h) The Rights Agent and any stockholder, director, officer or employee of the Rights Agent may buy, sell or deal
in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were
not Rights Agent under this Agreement. Nothing herein shall preclude the Rights Agent and any such stockholder, director, officer or employee of the Rights Agent from acting in any other capacity for the Company or for any other Person. 

(i) The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself
or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company resulting from any such act, default,
neglect or misconduct; provided, however, reasonable care was exercised in the selection and continued employment thereof. 

(j) No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability
is not reasonably assured to it. 
 (k) If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise
or transfer, the certificate attached to the form of assignment or form of election to purchase, as the case may be, has either not been completed or indicates an affirmative response to clause 1 and/or 2 thereof, the Rights Agent shall not take any
further action with respect to such requested exercise or transfer without first consulting with the Company. 

Section 21. Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its
duties under this Agreement upon thirty (30) days’ notice in writing mailed to the Company, and to each transfer agent of the Common Stock and Preferred Stock, by registered or certified mail, and, if such resignation occurs after the
Distribution Date, to the registered holders of the Rights Certificates 

  
 32 

 
by first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon thirty (30) days’ notice in writing, mailed to the Rights Agent or successor Rights
Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Stock, by registered or certified mail, and, if such removal occurs after the Distribution Date, to the holders of the Rights Certificates by first-class mail.
If the Rights Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Rights Agent. If the Company shall fail to make such appointment within a period of thirty (30) days
after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Rights Certificate (which holder shall, with such notice, submit such
holder’s Rights Certificate for inspection by the Company), then any registered holder of any Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether
appointed by the Company or by such a court, shall be (a) a legal business entity organized and doing business under the laws of the United States or any State thereof, in good standing, having an office in the State of New York, which is
authorized under such laws to exercise corporate trust, stock transfer or stockholder services powers and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50,000,000 or (b) an affiliate of a
legal business entity described in clause (a) of this sentence. After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent under
this Agreement without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or
deed necessary for the purpose. Not later than the effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Stock, and,
if such appointment occurs after the Distribution Date, mail a notice thereof in writing to the registered holders of the Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, shall not
affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be. 
 Section 22. Issuance of New Rights Certificates. Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Rights
Certificates evidencing Rights in such form as may be approved by the Board to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares or other securities or property purchasable under the Rights Certificates
made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of shares of Common Stock following the Distribution Date and prior to the redemption, exchange or expiration of the Rights, the Company
(a) shall, with respect to shares of Common Stock so issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement, granted or awarded as of the Distribution Date, or upon the exercise, conversion or
exchange of securities hereinafter issued by the Company (except as may otherwise be provided in the instrument(s) governing such securities), and (b) may, in any other case, if deemed necessary or appropriate by the Board, issue Rights
Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided, however, that (i) no such Rights Certificate shall be issued if, and to the extent that, the Company shall be advised by counsel that
such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Rights Certificate would be issued, and (ii) no such Rights Certificate shall be issued if, and to the extent that,
appropriate adjustment shall otherwise have been made in lieu of the issuance thereof. 

  
 33 

 Section 23. Redemption and Termination. 

(a) The Board may, at its option, at any time prior to the earlier of (i) the close of business on the tenth Business Day following
the Stock Acquisition Date (or, if the Stock Acquisition Date shall have occurred prior to the Record Date, the close of business on the tenth Business Day following the Record Date), or (ii) the Final Expiration Date, (x) redeem all but
not less than all of the then outstanding Rights at a redemption price of $0.001 per Right (rounded up to the nearest whole $0.01 in the case of any holder whose holdings are not in a multiple of ten), as such amount may be appropriately adjusted to
reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the “Redemption Price”) or (y) amend this Agreement to change the Final Expiration
Date to another date, including without limitation an earlier date. Notwithstanding anything contained in this Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of a Section 11(a)(ii) Event until such
time as the Company’s right of redemption hereunder has expired. The Company may, at its option, pay the Redemption Price in cash, shares of Common Stock (based on the Current Market Price, as defined in Section 11(d)(i) hereof, of the
Common Stock at the time of redemption) or any other form of consideration deemed appropriate by the Board. 
 (b) Immediately
upon the action of the Board ordering the redemption of the Rights, evidence of which shall have been filed with the Rights Agent, and without any further action and without any notice, the right to exercise the Rights will terminate and the only
right thereafter of the holders of Rights shall be to receive the Redemption Price for each Right so held. Promptly after the action of the Board ordering the redemption of the Rights, the Company shall give notice of such redemption to the Rights
Agent and the holders of the then outstanding Rights by mailing such notice to all such holders at each holder’s last address as it appears upon the registry books of the Rights Agent or, prior to the Distribution Date, on the registry books of
the transfer agent for the Common Stock. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of redemption will state the method by which the payment of the
Redemption Price will be made. 
 Section 24. Exchange. 

(a) The Board may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding
(i) Class A Rights (which shall not include Class A Rights that have become void pursuant to the provisions of Section 7(e) hereof) for Class A Common Stock at an exchange ratio of one share of Class A Common Stock per
Class A Right and (ii) Class B Rights (which shall not include Class B Rights that have become void pursuant to the provisions of Section 7(e) hereof) for Class B Common Stock at an exchange ratio of one share of Class B Common Stock
per Class B Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the “Exchange Ratio”). Notwithstanding the
foregoing, the Board shall not be empowered to effect such exchange at any time after (i) any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding
Common Stock for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Voting Capital Stock then outstanding or (ii) the occurrence of an event
specified in Section 13(a) hereof. 

  
 34 

 (b) Immediately upon the action of the Board ordering the exchange of any Class A
Rights or Class B Rights pursuant to subsection (a) of this Section 24 and without any further action and without any notice, the right to exercise such (i) Class A Rights shall terminate and the only right thereafter of a holder
of such Class A Rights shall be to receive that number of shares of Class A Common Stock equal to the number of such Class A Rights held by such holder multiplied by the Exchange Ratio and (ii) Class B Rights shall terminate and
the only right thereafter of a holder of Class B Rights shall be to receive that number of shares of Class B Common Stock equal to the number of such Class B Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly
give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders
of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of
exchange will state the method by which the exchange of the Class A Common Stock for Class A Rights and Class B Common Stock for Class B Rights will be effected and, in the event of any partial exchange, the number of Class A Rights
and Class B Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Class A Rights or Class B Rights (other than Class A Rights or Class B Rights which have become void pursuant to the
provisions of Section 7(e) hereof) held by each holder of Class A Rights or Class B Rights. 
 (c) Following the
action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24, notwithstanding anything to the contrary in this Agreement, the Company may implement such procedures in its sole discretion as it deems
appropriate for the purpose of ensuring that the Class A Common Stock or Class B Common Stock (or such other consideration) issuable upon an exchange pursuant to this Section 24 not be received by holders of Rights that have become void
pursuant to Section 7(e) hereof. In furtherance thereof, if so directed by the Company, all or a portion of the shares of Class A Common Stock or Class B Common Stock (or other consideration) potentially issuable to holders of Rights upon
an exchange pursuant to this Section 24, who have not verified, to the satisfaction of the Company, in its sole discretion, that they are not Acquiring Persons, may be deposited in a trust established by the Company pending receipt of
appropriate verification. To the extent that such trust is established, holders of Class A Rights or Class B Rights entitled to receive such shares of Class A Common Stock or Class B Common Stock, as applicable, (or other consideration)
pursuant to an exchange pursuant to this Section 24 who have not previously received such shares of Class A Common Stock or Class B Common Stock (or other consideration) shall be entitled to receive such shares of Class A Common Stock
or Class B Common Stock (or other consideration) (and any dividends paid or distributions made thereon after the date on which such shares of Class A Common Stock or Class B Common Stock (or other consideration) are deposited in the trust) only
from the trust and solely upon compliance with the relevant terms and provisions of the applicable trust agreement. 
 (d) In
any exchange pursuant to this Section 24, the Company, at its option, may substitute Preferred Stock (or Equivalent Preferred Stock, as such term is defined in 

  
 35 

 
paragraph (b) of Section 11 hereof) for Class A Common Stock exchangeable for Class A Rights or Class B Common Stock exchangeable for Class B Rights, at the initial rate of
one one-thousandth of a share of Preferred Stock (or Equivalent Preferred Stock) for each share of Class A Common Stock or Class B Common Stock, as the case may be, as appropriately adjusted to reflect stock splits, stock dividends and other
similar transactions after the date hereof. 
 (e) In the event that there shall not be sufficient shares of Class A Common
Stock or Class B Common Stock issued but not outstanding or authorized but unissued to permit any exchange of Class A Rights or Class B Rights, as the case may be, as contemplated in accordance with this Section 24, the Company shall take
all such action as may be necessary to authorize additional shares of Class A Common Stock or Class B Common Stock for issuance upon exchange of the Class A Rights or Class B Rights, as the case may be. 

(f) The Company shall not be required to issue fractions of shares of Common Stock or to distribute certificates which evidence
fractional shares of Common Stock. In lieu of such fractional shares of Common Stock, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional shares of Common Stock would otherwise be issuable,
an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this subsection (e), the current market value of a whole share of Common Stock shall be the closing price of a share of
Common Stock (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24. 

Section 25. Notice of Certain Events. 
 (a) In case the Company shall propose, at any time after the Distribution Date, (i) to pay any dividend payable in stock of any class to the holders of Preferred Stock or to make any other
distribution to the holders of Preferred Stock (other than a regular quarterly cash dividend out of earnings or retained earnings of the Company), or (ii) to offer to the holders of Preferred Stock rights or warrants to subscribe for or to
purchase any additional shares of Preferred Stock or shares of stock of any class or any other securities, rights or options, or (iii) to effect any reclassification of its Preferred Stock (other than a reclassification involving only the
subdivision of outstanding shares of Preferred Stock), or (iv) to effect any consolidation or merger into or with any other Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof), or to
effect any sale or other transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one transaction or a series of related transactions, of more than 50% of the assets, cash flow or earning power of the Company
and its Subsidiaries (taken as a whole) to any other Person or Persons (other than the Company and/or any of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), or (v) to effect the liquidation,
dissolution or winding up of the Company, then, in each such case, the Company shall give to the Rights Agent and to each holder of a Rights Certificate, to the extent feasible and in accordance with Section 26 hereof, a notice of such proposed
action, which shall specify the record date for the purposes of such stock dividend, distribution of rights or warrants, or the date on which such reclassification, consolidation, merger, sale, transfer, liquidation, dissolution, or winding up is to
take place and the date of participation therein by the holders of the shares of Preferred Stock, if any such date is to be fixed, and such notice shall be so given in the case of any action covered by clause (i) or

  
 36 

 
(ii) above at least twenty (20) days prior to the record date for determining holders of the shares of Preferred Stock for purposes of such action, and in the case of any such other action,
at least twenty (20) days prior to the date of the taking of such proposed action or the date of participation therein by the holders of the shares of Preferred Stock, whichever shall be the earlier. 

(b) In case any of the events set forth in Section 11(a)(ii) hereof shall occur, then, in any such case, (i) the Company shall
as soon as practicable thereafter give to each holder of a Rights Certificate, to the extent feasible and in accordance with Section 26 hereof, and to the Rights Agent in accordance with Section 26 hereof, a notice of the occurrence of
such event, which shall specify the event and the consequences of the event to holders of Rights under Section 11(a)(ii) hereof, and (ii) all references in the preceding paragraph to Preferred Stock shall be deemed thereafter to refer to
Common Stock and/or, if appropriate, other securities. 
 Section 26. Notices. Notices or demands authorized by this
Agreement to be given or made by the Rights Agent or by the holder of any Rights Certificate to or on the Company shall be sufficiently given or made if sent or delivered by recognized national overnight delivery service first-class mail, postage
prepaid, addressed (until another address is filed in writing with the Rights Agent by the Company) as follows: 
 New Newscorp
LLC 
 1211 Avenue of the Americas 
 New York, NY 10036 
 Attention: General Counsel 

Fax: (212) 852-7896 
 Phone: (212) 852-7000 
 Subject to the provisions of Section 21, any notice or demand
authorized by this Agreement to be given or made by the Company or by the holder of any Rights Certificate to or on the Rights Agent shall be sufficiently given or made if sent or delivered by recognized national overnight delivery service
first-class mail, postage prepaid, addressed (until another address is filed in writing by the Rights Agent with the Company) as follows: 
 [                                  
      ] 

[                      
                  ] 

[                      
                  ] 
 Attention:
[            ] 
 Notices or demands authorized by this Agreement to
be given or made by the Company or the Rights Agent to the holder of any Rights Certificate (or, if prior to the Distribution Date, to the holder of certificates representing shares of Common Stock) shall be sufficiently given or made if sent by
first-class mail, postage prepaid, addressed to such holder at the address of such holder as shown on the registry books of the Company. 
 Section 27. Supplements and Amendments. Prior to the Distribution Date, the Company and the Rights Agent shall, if the Company so directs, supplement or amend any provision of this Agreement
without the approval of any holders of certificates representing 

  
 37 

 
shares of Common Stock. From and after the Distribution Date, the Company and the Rights Agent shall, if the Company so directs, supplement or amend this Agreement without the approval of any
holders of Rights Certificates in order (i) to cure any ambiguity, (ii) to correct or supplement any provision contained herein which may be defective or inconsistent with any other provisions herein, (iii) to shorten or lengthen any
time period hereunder or (iv) to change or supplement the provisions hereunder in any manner which the Company may deem necessary or desirable and which shall not adversely affect the interests of the holders of Rights Certificates (other than
an Acquiring Person or an Affiliate or Associate of an Acquiring Person). Upon the delivery of a certificate from an appropriate officer of the Company which states that the proposed supplement or amendment is in compliance with the terms of this
Section 27, the Rights Agent shall execute such supplement or amendment. Prior to the Distribution Date, the interests of the holders of Rights shall be deemed coincident with the interests of the holders of Common Stock. Notwithstanding
anything herein to the contrary, this Agreement may not be amended (other than pursuant to clauses (i) or (ii) of the second sentence of this Section 27) at a time when the Rights are not redeemable. 

Section 28. Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights
Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 
 Section 29.
Determinations and Actions by the Board of Directors, etc. For all purposes of this Agreement, any calculation of the number of shares of Common Stock or any other class of capital stock outstanding at any particular time, including for
purposes of determining the particular percentage of such outstanding shares of Common Stock of which any Person is the Beneficial Owner, shall be made in accordance with the last sentence of Rule 13d-3(d)(1)(i) of the General Rules and Regulations
under the Exchange Act. The Board shall have the exclusive power and authority to administer this Agreement and to exercise all rights and powers specifically granted to the Board or to the Company, or as may be necessary or advisable in the
administration of this Agreement, including, without limitation, the right and power to (i) interpret the provisions of this Agreement, and (ii) make all determinations deemed necessary or advisable for the administration of this Agreement
(including a determination to redeem or not redeem the Rights or to amend the Agreement). All such actions, calculations, interpretations and determinations (including, for purposes of clause (y) below, all omissions with respect to the
foregoing) which are done or made by the Board in good faith, shall (x) be final, conclusive and binding on the Company, the Rights Agent, the holders of the Rights and all other parties, and (y) not subject the Board, or any of the
directors on the Board to any liability to the holders of the Rights, provided that the foregoing shall not affect the Board’s liability to any holders of Common Stock of the Company as such. 

Section 30. Benefits of this Agreement. Nothing in this Agreement shall be construed to give to any Person other than the
Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, registered holders of the Common Stock) any legal or equitable right, remedy or claim under this Agreement; but this Agreement
shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, registered holders of the Common Stock). 

  
 38 

 Section 31. Severability. If any term, provision, covenant or restriction of
this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated; provided, however, that notwithstanding anything in this Agreement to the contrary, if any such term, provision, covenant or restriction is held by such court or authority to be invalid, void or
unenforceable and the Board determines in its good faith judgment that severing the invalid language from this Agreement would adversely affect the purpose or effect of this Agreement, the right of redemption set forth in Section 23 hereof
shall be reinstated and shall not expire until the close of business on the tenth Business Day following the date of such determination by the Board. Without limiting the foregoing, if any provision requiring a specific group of directors of the
Company to act is held to by any court of competent jurisdiction or other authority to be invalid, void or unenforceable, such determination shall then be made by the Board in accordance with applicable law and the Company’s Amended and
Restated Certificate of Incorporation, as amended, and By-laws. 
 Section 32. Governing Law; Exclusive
Jurisdiction. 
 (a) This Agreement, each Right and each Rights Certificate issued hereunder shall be deemed to be a
contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts made and to be performed entirely within such State. 

(b) The Company and each holder of Rights hereby irrevocably submits to the exclusive jurisdiction of the Court of Chancery of the State
of Delaware, or, if such court shall lack subject matter jurisdiction, any Federal court located in the State of Delaware, over any suit, action, or proceeding arising out of or relating to or concerning this Agreement. The Company and each holder
of Rights acknowledge that the forum designated by this paragraph (b) has a reasonable relation to this Agreement, and to such Persons’ relationship with one another. 

(c) The Company and each holder of Rights hereby waive, to the fullest extent permitted by applicable law, any objection which they now
or hereafter have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding brought in any court referred to in Section 32(b) hereof. The Company and each holder of Rights undertake not to commence any action
subject to this Agreement in any forum other than the forum described in Section 32(b) hereof. The Company and each holder of Rights agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment in any such
suit, action, or proceeding brought in any such court shall be conclusive and binding upon such Persons. 
 Section 33.
Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts (including by fax and .pdf) shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but
one and the same instrument. 

  
 39 

 Section 34. Descriptive Headings. Descriptive headings of the several sections
of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 
 Section 35. Book Entry. Reference in this Agreement to certificates for shares of Common Stock shall include, in the case of uncertificated shares, the balances indicated in the book-entry
account system of the transfer agent for the Common Stock, and any uncertificated share of Common Stock shall also represent the associated Right. Any legend required to be placed on any certificate for shares of Common Stock may be included on any
book-entry confirmation and shall be included in a notification to the holder of such shares of Common Stock provided in accordance with applicable law. 

  
 40 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, all
as of the day and year first above written. 
  

									
	Attest:	 		 	NEW NEWSCORP LLC
					
	By	 	  
	 		 	By	 	  

		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:
			
	Attest:	 		 	
[                         
               ]
 as Rights Agent

					
	By	 		 		 	By	 	
	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	

 Exhibit A 
 FORM OF 
 CERTIFICATE OF DESIGNATIONS, PREFERENCES AND 

RIGHTS OF SERIES A JUNIOR PARTICIPATING PREFERRED STOCK 
 of 
 NEW NEWSCORP INC 

Pursuant to Section 151 of the General Corporation Law of the State of Delaware 

We, the undersigned, [            ], [TITLE], and
[            ], [TITLE], of New Newscorp Inc, a Delaware corporation (hereinafter called the “Corporation”), pursuant to the provisions of Sections 103 and 151 of the General
Corporation Law of the State of Delaware, do hereby make this Certificate of Designation and do hereby state and certify that pursuant to the authority expressly vested in the Board of Directors of the Corporation by the Amended and Restated
Certificate of Incorporation, the Board of Directors duly adopted the following resolutions: 
 RESOLVED, that, pursuant to
Section 1(a) of Article IV of the Amended and Restated Certificate of Incorporation (which authorizes 25,000,000 shares of preferred stock, $0.01 par value per share (“Preferred Stock”) of which none have already been designated), the
Board of Directors hereby fixes the powers, designations, preferences and relative, participating, optional and other special rights, and the qualifications, limitations and restrictions, of a series of Preferred Stock; 

RESOLVED, that pursuant to the authority vested in the Board of Directors of this Corporation in accordance with the provisions of its
Amended and Restated Certificate of Incorporation, a series of Preferred Stock of the Corporation be and it hereby is created, and that the designation and amount thereof and the voting powers, preferences and relative, participating, optional and
other special rights of the shares of such series, and the qualifications, limitations or restrictions thereof are as follows: 

Section 1. Designation and Amount. The shares of such series shall be designated as “Series A Junior Participating
Preferred Stock” and the number of shares constituting such series shall be [—]. 
 Section 2. Dividends and Distributions. 
 (A) Subject to the prior and
superior rights of the holders of any shares of any series of Preferred Stock ranking prior and superior to the shares of Series A Junior Participating Preferred Stock with respect to dividends, the holders of shares of Series A Junior Participating
Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on the 1st day of March, June, September and December in each year
(each such date being referred to herein as a “Quarterly Dividend Payment Date”), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Junior Participating

 
Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $0.10 or (b) subject to the provision for adjustment hereinafter set forth, 1,000 times
the aggregate per share amount of all cash dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions other than a dividend payable in shares of Common Stock or a subdivision of the
outstanding shares of Common Stock (by reclassification or otherwise), declared on the Class B Common Stock of the Corporation since the immediately preceding Quarterly Dividend Payment Date, or, with respect to the first Quarterly Dividend Payment
Date, since the first issuance of any share or fraction of a share of Series A Junior Participating Preferred Stock. In the event the Corporation shall at any time after [—], 2013 (the “Rights
Declaration Date”) (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in
each such case the amount to which holders of shares of Series A Junior Participating Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a
fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. 

(B) The Corporation shall declare a dividend or distribution on the Series A Junior Participating Preferred Stock as provided in
Paragraph (A) above immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock); provided that, in the event no dividend or distribution shall have been declared on the
Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a dividend of $0.10 per share on the Series A Junior Participating Preferred Stock shall nevertheless be payable on
such subsequent Quarterly Dividend Payment Date. 
 (C) Dividends shall begin to accrue and be cumulative on outstanding shares
of Series A Junior Participating Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares of Series A Junior Participating Preferred Stock, unless the date of issue of such shares is prior to the
record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the
record date for the determination of holders of shares of Series A Junior Participating Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to
accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares of Series A Junior Participating Preferred Stock in an amount less than the total amount of such
dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The Board of Directors may fix a record date for the determination of holders of shares of
Series A Junior Participating Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be no more than 30 days prior to the date fixed for the payment thereof. 

  
 2 

 Section 3. Voting Rights. The holders of shares of Series A Junior Participating
Preferred Stock shall have the following voting rights: 
 (A) Each share of Series A Junior Participating Preferred Stock shall
entitle the holder thereof to one (1) vote on all matters submitted to a vote of the stockholders of the Corporation. 

(B) Except as otherwise provided herein or by law, the holders of shares of Series A Junior Participating Preferred Stock and the holders
of shares of Common Stock shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation. 
 (C) (i) If at any time dividends on any Series A Junior Participating Preferred Stock shall be in arrears in an amount equal to six (6) quarterly dividends thereon, the occurrence of such contingency
shall mark the beginning of a period (herein called a “default period”) which shall extend until such time when all accrued and unpaid dividends for all previous quarterly dividend periods and for the current quarterly dividend period on
all shares of Series A Junior Participating Preferred Stock then outstanding shall have been declared and paid or set apart for payment. During each default period, all holders of Preferred Stock (including holders of the Series A Junior
Participating Preferred Stock) with dividends in arrears in an amount equal to six (6) quarterly dividends thereon, voting as a class, irrespective of series, shall have the right to elect two (2) directors. 

(ii) During any default period, such voting right of the holders of Series A Junior Participating Preferred Stock may be
exercised initially at a special meeting called pursuant to subparagraph (iii) of this Section 3(C) or at any annual meeting of stockholders, and thereafter at annual meetings of stockholders, provided that neither such voting right nor
the right of the holders of any other series of Preferred Stock, if any, to increase, in certain cases, the authorized number of directors shall be exercised unless the holders of ten percent (10%) in number of shares of Preferred Stock
outstanding shall be present in person or by proxy. The absence of a quorum of the holders of Common Stock shall not affect the exercise by the holders of Preferred Stock of such voting right. At any meeting at which the holders of Preferred Stock
shall exercise such voting right initially during an existing default period, they shall have the right, voting as a class, to elect directors to fill such vacancies, if any, in the Board of Directors as may then exist up to two (2) directors
or, if such right is exercised at an annual meeting, to elect two (2) directors. If the number which may be so elected at any special meeting does not amount to the required number, the holders of the Preferred Stock shall have the right to
make such increase in the number of directors as shall be necessary to permit the election by them of the required number. After the holders of the Preferred Stock shall have exercised their right to elect directors in any default period and during
the continuance of such period, the number of directors shall not be increased or decreased except by vote of the holders of Preferred Stock as herein provided or pursuant to the rights of any equity securities ranking senior to or pari passu with
the Series A Junior Participating Preferred Stock. 
 (iii) Unless the holders of Preferred Stock shall, during
an existing default period, have previously exercised their right to elect directors, the Board of Directors may order, or any stockholder or stockholders owning in the aggregate not less than ten percent (10%) of the total number of shares of
Preferred Stock outstanding, irrespective of series, may request, the calling of a special meeting of the holders of Preferred Stock, which meeting shall thereupon be called by the President, a Vice-President

  
 3 

 
or the Secretary of the Corporation. Notice of such meeting and of any annual meeting at which holders of Preferred Stock are entitled to vote pursuant to this Paragraph (C)(iii) shall be given
to each holder of record of Preferred Stock by mailing a copy of such notice to him at his last address as the same appears on the books of the Corporation. Such meeting shall be called for a time not earlier than 20 days and not later than 60 days
after such order or request or in default of the calling of such meeting within 60 days after such order or request, such meeting may be called on similar notice by any stockholder or stockholders owning in the aggregate not less than ten percent
(10%) of the total number of shares of Preferred Stock outstanding. Notwithstanding the provisions of this Paragraph (C)(iii), no such special meeting shall be called during the period within 60 days immediately preceding the date fixed for the
next annual meeting of the stockholders. 
 (iv) In any default period, the holders of Common Stock, and other
classes of stock of the Corporation if applicable, shall continue to be entitled to elect the whole number of directors until the holders of Preferred Stock shall have exercised their right to elect two (2) directors voting as a class, after
the exercise of which right (x) the directors so elected by the holders of Preferred Stock shall continue in office until their successors shall have been elected by such holders or until the expiration of the default period, and (y) any
vacancy in the Board of Directors may (except as provided in Paragraph (C)(ii) of this Section 3) be filled by vote of a majority of the remaining directors theretofore elected by the holders of the class of stock which elected the director
whose office shall have become vacant. References in this Paragraph (C) to directors elected by the holders of a particular class of stock shall include directors elected by such directors to fill vacancies as provided in clause (y) of the
foregoing sentence. 
 (v) Immediately upon the expiration of a default period, (x) the right of the
holders of Preferred Stock as a class to elect directors shall cease, (y) the term of any directors elected by the holders of Preferred Stock as a class shall terminate, and (z) the number of directors shall be such number as may be
provided for in the certificate of incorporation or by-laws irrespective of any increase made pursuant to the provisions of Paragraph (C)(ii) of this Section 3 (such number being subject, however, to change thereafter in any manner provided by
law or in the certificate of incorporation or by-laws). Any vacancies in the Board of Directors effected by the provisions of clauses (y) and (z) in the preceding sentence may be filled by a majority of the remaining directors. 

(D) Except as set forth herein, holders of Series A Junior Participating Preferred Stock shall have no special voting rights and their
consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action. 
 Section 4. Certain Restrictions. 
 (A) Whenever quarterly dividends or
other dividends or distributions payable on the Series A Junior Participating Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares
of Series A Junior Participating Preferred Stock outstanding shall have been paid in full, the Corporation shall not 
 (i) declare or pay dividends on, make any other distributions on, or redeem or purchase or otherwise acquire for consideration any shares of stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series A Junior Participating Preferred Stock; 

  
 4 

 (ii) declare or pay dividends on or make any other distributions on any
shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A Junior Participating Preferred Stock, except dividends paid ratably on the Series A Junior Participating Preferred Stock
and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; 

(iii) redeem or purchase or otherwise acquire for consideration shares of any stock ranking on a parity (either as to
dividends or upon liquidation, dissolution or winding up) with the Series A Junior Participating Preferred Stock, provided that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such parity stock in exchange for
shares of any stock of the Corporation ranking junior (either as to dividends or upon dissolution, liquidation or winding up) to the Series A Junior Participating Preferred Stock; or 

(iv) purchase or otherwise acquire for consideration any shares of Series A Junior Participating Preferred Stock, or any
shares of stock ranking on a parity with the Series A Junior Participating Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such shares upon
such terms as the Board of Directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result in fair and equitable
treatment among the respective series or classes. 
 (B) The Corporation shall not permit any subsidiary of the Corporation to
purchase or otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation could, under Paragraph (A) of this Section 4, purchase or otherwise acquire such shares at such time and in such manner.

 Section 5. Reacquired Shares. Any shares of Series A Junior Participating Preferred Stock purchased or otherwise
acquired by the Corporation in any manner whatsoever shall be retired promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock and may be reissued as part of a new
series of Preferred Stock to be created by resolution or resolutions of the Board of Directors, subject to the conditions and restrictions on issuance set forth herein. 
 Section 6. Liquidation, Dissolution or Winding Up. (A) Upon any liquidation (voluntary or otherwise), dissolution or winding up of the Corporation, no distribution shall be made to the
holders of shares of stock ranking junior (either as to dividends or upon liquidation, 

  
 5 

 
dissolution or winding up) to the Series A Junior Participating Preferred Stock unless, prior thereto, the holders of shares of Series A Junior Participating Preferred Stock shall have received
an amount equal to $1000 per share of Series A Junior Participating Preferred Stock, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment (the “Series A Liquidation
Preference”). Following the payment of the full amount of the Series A Liquidation Preference, no additional distributions shall be made to the holders of shares of Series A Junior Participating Preferred Stock unless, prior thereto, the
holders of shares of Common Stock shall have received an amount per share (the “Common Adjustment”) equal to the quotient obtained by dividing (i) the Series A Liquidation Preference by (ii) 1,000 (as appropriately adjusted as
set forth in subparagraph (C) below to reflect such events as stock splits, stock dividends and recapitalizations with respect to the Common Stock) (such number in clause (ii), the “Adjustment Number”). Following the payment of the
full amount of the Series A Liquidation Preference and the Common Adjustment in respect of all outstanding shares of Series A Junior Participating Preferred Stock and Common Stock, respectively, holders of Series A Junior Participating Preferred
Stock and holders of shares of Common Stock shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to 1 with respect to such Preferred Stock and Common Stock, on a per
share basis, respectively. 
 (B) In the event, however, that there are not sufficient assets available to permit payment in
full of the Series A Liquidation Preference and the liquidation preferences of all other series of preferred stock, if any, which rank on a parity with the Series A Junior Participating Preferred Stock, then such remaining assets shall be
distributed ratably to the holders of such parity shares in proportion to their respective liquidation preferences. In the event, however, that there are not sufficient assets available to permit payment in full of the Common Adjustment, then such
remaining assets shall be distributed ratably to the holders of Common Stock. 
 (C) In the event the Corporation shall at any
time after the Rights Declaration Date (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of
shares, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted by multiplying such Adjustment Number by a fraction the numerator of which is the number of shares of Common Stock outstanding
immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. 
 Section 7. Consolidation, Merger, etc. In case the Corporation shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged
for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of Series A Junior Participating Preferred Stock shall at the same time be similarly exchanged or changed in an amount per share (subject
to the provision for adjustment hereinafter set forth) equal to 1,000 times the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common Stock is
changed or exchanged. In the event the Corporation shall at any time after the Rights Declaration Date (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or
(iii) combine the 

  
 6 

 
outstanding Common Stock into a smaller number of shares, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series A Junior
Participating Preferred Stock shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of
Common Stock that were outstanding immediately prior to such event. 
 Section 8. No Redemption. The shares of
Series A Junior Participating Preferred Stock shall not be redeemable. 
 Section 9. Ranking. The Series A Junior
Participating Preferred Stock shall rank junior to all other series of the Corporation’s Preferred Stock as to the payment of dividends and the distribution of assets, unless the terms of any such series shall provide otherwise. 

Section 10. Amendment. At any time when any shares of Series A Junior Participating Preferred Stock are outstanding, neither
the Amended and Restated Certificate of Incorporation of the Corporation nor this Certificate of Designations shall be amended in any manner which would materially alter or change the powers, preferences or special rights of the Series A Junior
Participating Preferred Stock so as to affect them adversely without the affirmative vote of the holders of a majority or more of the outstanding shares of Series A Junior Participating Preferred Stock, voting separately as a class. 

Section 11. Fractional Shares. Series A Junior Participating Preferred Stock may be issued in fractions of a share which
shall entitle the holder, in proportion to such holder’s fractional shares, to exercise voting rights, receive dividends, participate in distributions and to have the benefit of all other rights of holders of Series A Junior Participating
Preferred Stock. 
 Section 12. Certain Definitions. As used herein with respect to the Series A Junior
Participating Preferred Stock, the following terms shall have the following meanings: 
 (A) The term “Class A Common
Stock” means the class of common stock designated as the Class A common stock, par value $0.01 per share, of the Corporation at the date hereof or any other class of stock resulting from successive changes or reclassification of the common
stock. 
 (B) The term “Class B Common Stock” means the class of common stock designated as the Class B common stock,
par value $0.01 per share, of the Corporation at the date hereof or any other class of stock resulting from successive changes or reclassification of the common stock. 
 (C) The term “Common Stock” means the common stock, par value $0.01 per share, of the Corporation at the date hereof or any other stock resulting from successive changes or reclassifications of
the common stock, and includes both the Class A Common Stock and the Class B Common Stock. 

  
 7 

 IN WITNESS WHEREOF, we have executed and subscribed this Certificate
and do affirm the foregoing as true under the penalties of perjury this
[—]th
day of [—], 2013. 
  

			
	  

	[NAME]

 Attest: 
  

	
	  

	[NAME]

 Exhibit B 
 [Form of Rights Certificate] 
  

			
	Certificate No. R-	 	Rights

 NOT EXERCISABLE AFTER [—]3, 2014, UNLESS EXTENDED PRIOR THERETO BY THE BOARD OF DIRECTORS OF
THE COMPANY, OR EARLIER IF REDEEMED OR EXCHANGED BY THE COMPANY. THE RIGHTS ARE SUBJECT TO REDEMPTION, AT THE OPTION OF THE COMPANY, AT $0.001 PER RIGHT, AND TO EXCHANGE, IN EACH CASE ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. UNDER CERTAIN
CIRCUMSTANCES, RIGHTS BENEFICIALLY OWNED BY AN ACQUIRING PERSON (AS SUCH TERM IS DEFINED IN THE RIGHTS AGREEMENT) AND ANY SUBSEQUENT HOLDER OF SUCH RIGHTS MAY BECOME NULL AND VOID. [THE RIGHTS REPRESENTED BY THIS RIGHTS CERTIFICATE ARE OR WERE
BENEFICIALLY OWNED BY A PERSON WHO WAS OR BECAME AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE OF AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT). ACCORDINGLY, THIS RIGHTS CERTIFICATE AND THE RIGHTS REPRESENTED HEREBY MAY
BECOME NULL AND VOID IN THE CIRCUMSTANCES SPECIFIED IN SECTION 7(e) OF SUCH AGREEMENT.]4 
 Class [A][B] Rights Certificate 

NEW NEWSCORP INC 
 This certifies that                     , or registered assigns, is the registered owner of the number
of Class [A][B]5 Rights set forth above, each of which
entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement, dated as of [—], 2013 (the “Rights Agreement”), between New Newscorp Inc a Delaware
corporation (the “Company”), and [            ], a [Delaware limited liability company] (the “Rights Agent”), to purchase from the Company at any time prior to 5:00 P.M.
(New York City time) on [—], 2014 (unless such date is advanced or extended prior thereto by the Board of Directors) at the office or offices of the Rights Agent designated for such purpose, or its
successors as Rights Agent, one one-thousandth of a fully paid, non-assessable share of Series A Junior Participating Preferred Stock (the “Preferred Stock”) of the Company, at a purchase price of $90 per one one-thousandth of a share (the
“Purchase Price”), upon presentation and surrender of this Rights Certificate with the Form of Election to Purchase and related Certificate duly executed. The number of Rights 

 

	3 	Date to be 12 months from the date of consummation of the Separation. 

	4 	The portion of the legend in brackets shall be inserted only if applicable and shall replace the preceding sentence. 

	5 	 Wherever the designation [A][B] is used, the form A should be inserted for Class A Right and the form B should be inserted for Class B Rights

 
evidenced by this Rights Certificate (and the number of shares which may be purchased upon exercise thereof) set forth above, and the Purchase Price per share set forth above, are the number and
Purchase Price as of [—], 2013, based on the Preferred Stock as constituted at such date. The Company reserves the right to require prior to the occurrence of a Triggering Event (as such term is
defined in the Rights Agreement) that a number of Rights be exercised so that only whole shares of Preferred Stock will be issued. Capitalized terms used in this Rights Certificate without definition shall have the meanings ascribed to them in the
Rights Agreement. 
 Upon the occurrence of a Section 11(a)(ii) Event (as such term is defined in the Rights Agreement), if
the Rights evidenced by this Rights Certificate are beneficially owned by (i) an Acquiring Person or an Affiliate or Associate of any such Acquiring Person (as such terms are defined in the Rights Agreement), (ii) a transferee of any such
Acquiring Person, Associate or Affiliate, or (iii) under certain circumstances specified in the Rights Agreement, a transferee of a person who, after such transfer, became an Acquiring Person, or an Affiliate or Associate of an Acquiring
Person, such Rights shall become null and void and no holder hereof shall have any right with respect to such Rights from and after the occurrence of such Section 11(a)(ii) Event. 

As provided in the Rights Agreement, the Purchase Price and the number and kind of shares of Preferred Stock or other securities, which
may be purchased upon the exercise of the Rights evidenced by this Rights Certificate are subject to modification and adjustment upon the happening of certain events, including Triggering Events. 

This Rights Certificate is subject to all of the terms, provisions and conditions of the Rights Agreement, which terms, provisions and
conditions are hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and immunities hereunder of the
Rights Agent, the Company and the holders of the Rights Certificates, which limitations of rights include the temporary suspension of the exercisability of such Rights under the specific circumstances set forth in the Rights Agreement. Copies of the
Rights Agreement are on file at the above-mentioned office of the Rights Agent and are also available upon written request to the Rights Agent. 
 This Rights Certificate, with or without other Rights Certificates, upon surrender at the principal office or offices of the Rights Agent designated for such purpose, may be exchanged for another Rights
Certificate or Rights Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of one one-thousandths of a share of Preferred Stock as the Rights evidenced by the Rights Certificate or Rights
Certificates surrendered shall have entitled such holder to purchase. If this Rights Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Class [A][B] Rights Certificate or Rights Certificates
for the number of whole Rights not exercised. 
 Subject to the provisions of the Rights Agreement, the Rights evidenced by this
Certificate may be redeemed by the Company at its option at a redemption price of $0.001 per Right at any time prior to the earlier of the close of business on (i) the tenth Business Day following the Stock Acquisition Date (as such time period
may be extended pursuant to the Rights Agreement), and (ii) the Final Expiration Date. In addition, under certain circumstances following the time at which a Person becomes an Acquiring Person, the Rights may be

  
 2 

 
exchanged, in whole or in part, for shares of the Class [A][B] Common Stock, or shares of preferred stock of the Company having essentially the same value or economic rights as such shares.
Immediately upon the action of the Board of Directors of the Company authorizing any such exchange, and without any further action or any notice, the Rights (other than Rights which are not subject to such exchange) will terminate and the Rights
will only enable holders to receive the shares issuable upon such exchange. 
 No fractional shares of Preferred Stock will be
issued upon the exercise of any Right or Rights evidenced hereby (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock, which may, at the election of the Company, be evidenced by depositary receipts),
but in lieu thereof a cash payment will be made, as provided in the Rights Agreement. The Company, at its election, may require that a number of Rights be exercised so that only whole shares of Preferred Stock would be issued. 

No holder of this Rights Certificate shall be entitled to vote or receive dividends or be deemed for any purpose the holder of shares of
Preferred Stock or of any other securities of the Company which may at any time be issuable on the exercise hereof, nor shall anything contained in the Rights Agreement or herein be construed to confer upon the holder hereof, as such, any of the
rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give consent to or withhold consent from any corporate action, or, to receive notice
of meetings or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by this Rights Certificate shall have been exercised
as provided in the Rights Agreement. 
 This Rights Certificate shall not be valid or obligatory for any purpose until it shall
have been countersigned by the Rights Agent. 

  
 3 

 WITNESS the facsimile signature of the proper officers of the Company and its corporate
seal. 
 Dated as of             
    ,        . 
 ATTEST: 

 

			
	NEW NEWSCORP INC
		
	By:	 	  

		 	Title: Secretary
	
	Countersigned:
	
	
[                         
               ],
 as Rights Agent

		
	By:	 	  

		 	Authorized Signature

 [Form of Reverse Side of Rights Certificate] 

FORM OF ASSIGNMENT 
 (To
be executed by the registered holder if such holder desires to transfer the Rights Certificate.) 
 FOR VALUE RECEIVED

 hereby sells, assigns and transfers unto 
 (Please print name and address of transferee) 
 this Rights Certificate, together with all right,
title and interest therein, and does hereby irrevocably constitute and appoint Attorney, to transfer the within Rights Certificate on the books of the within named Company, with full power of substitution. 

Dated:                  ,        

  

	
	 Signature

 Signature Guaranteed: 

 Certificate 
 The undersigned hereby certifies by checking the appropriate boxes that: 
 (1)
this Rights Certificate [    ] is [    ] is not being sold, assigned and transferred by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of any such Acquiring Person (as
such terms are defined pursuant to the Rights Agreement); 
 (2) after due inquiry and to the best knowledge of the undersigned,
it [    ] did [    ] did not acquire the Rights evidenced by this Rights Certificate from any Person who is, was or subsequently became an Acquiring Person or an Affiliate or Associate of an Acquiring Person.

 Dated:             
    ,         
  

	
	 Signature

 Signature Guaranteed: 

 NOTICE 
 The signature to the foregoing Assignment and Certificate must correspond to the name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any
change whatsoever. 

 FORM OF ELECTION TO PURCHASE 

(To be executed if holder desires to exercise Rights represented by the Rights Certificate.) 

To: NEW NEWSCORP INC: 
 The
undersigned hereby irrevocably elects to exercise              Class [A][B] Rights represented by this Rights Certificate to purchase the shares of Preferred Stock issuable upon the
exercise of the Rights (or such other securities of the Company or of any other person which may be issuable upon the exercise of the Rights) and requests that certificates for such shares be issued in the name of and delivered to: 

Please insert social security 
 or other
identifying number 
 (Please print name and address) 
 If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new Rights Certificate for the balance of such Rights shall be registered in the name of and delivered to:

 Please insert social security 
 or
other identifying number 
 (Please print name and address) 
 Dated:                  ,         

 

	
	 Signature

 Signature Guaranteed: 

 Certificate 
 The undersigned hereby certifies by checking the appropriate boxes that: 
 (1) the
Rights evidenced by this Rights Certificate [    ] are [    ] are not being exercised by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of any such Acquiring Person (as
such terms are defined pursuant to the Rights Agreement); 
 (2) after due inquiry and to the best knowledge of the undersigned,
it [    ] did [    ] did not acquire the Rights evidenced by this Rights Certificate from any Person who is, was or became an Acquiring Person or an Affiliate or Associate of an Acquiring Person. 

Dated:                  ,        

  

	
	 Signature

 Signature Guaranteed: 

 NOTICE 
 The signature to the foregoing Election to Purchase and Certificate must correspond to the name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement
or any change whatsoever. 

 Exhibit C 
 SUMMARY OF RIGHTS TO PURCHASE 
 PREFERRED STOCK 

On May 22, 2013, the Board of Managers (the “Board”) of New Newscorp LLC, a Delaware limited liability company, which was
subsequently converted to a Delaware corporation (the “Company”), approved the Company entering into this Rights Agreement and the declaration of a dividend distribution on such date in advance of the Separation (as defined in the Rights
Agreement (as defined below)) as the Board shall determine, which date the Board has determined to be [—], 2013 (the “Rights Dividend Declaration Date”) a dividend distribution of one right
(a “Class A Right”) for each share of Class A common stock, par value $0.01 per share, of the Company (the “Class A Common Stock” or “Nonvoting Common Stock”) and one right (a “Class B Right” and,
together with the Class A Rights, the “Rights”) for each share of Class B common stock, par value $0.01 per share, of the Company (the “Class B Common Stock” or “Voting Common Stock” and, together with the
Class A Common Stock, the “Common Stock”) outstanding (it being understood that shares held by direct or indirect wholly owned Subsidiaries of the Company shall not be considered as outstanding) at the close of business on [—]6, 2013 (the
“Record Date”), with the payment of such dividend being conditioned on the consummation of the Separation. Each Right entitles the registered holder to purchase from the Company a unit consisting of one one-thousandth of a share (a
“Unit”) of Series A Junior Participating Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”) at a Purchase Price of $90 per Unit, subject to adjustment. The description and terms of the Rights are set
forth in a Rights Agreement (the “Rights Agreement”), dated as of [—], 2013, between the Company and [            ], a [Delaware
limited liability company], as Rights Agent. 
 Initially, the Class A Rights will be attached to all shares of
Class A Common Stock certificates representing shares then outstanding and the Class B Rights will be attached to all shares of Class B Common Stock certificates representing shares then outstanding, and no separate Rights Certificates will be
distributed. Subject to certain exceptions specified in the Rights Agreement, the Rights will separate from the Common Stock and a Distribution Date will occur upon the earlier of (i) 10 business days following a public announcement that a
person or group of affiliated or associated persons (an “Acquiring Person”) has acquired beneficial ownership of 15% or more of the outstanding shares of Class B Common Stock and/or other class then entitled to vote for the election of
directors (the “Stock Acquisition Date”), other than as a result of repurchases of stock by the Company or purchases by certain Exempt Persons or (ii) 10 business days (or such later date as the Board shall determine) following the
commencement of a tender offer or exchange offer that would result in a person or group becoming an Acquiring Person. “Exempt Person” shall mean each of the following: (i) News Corporation or its Subsidiaries (in each case solely
prior to the consummation of the Separation) or the Company or any of its Subsidiaries or controlled Affiliates, or (ii) any Person, including each Murdoch Person, who, on the first date of public announcement of the Board’s 

 

	6 	 To be a date prior to the date of consummation of the Separation. 

 
determination to adopt the Rights Agreement, (x) is the Beneficial Owner of fifteen percent (15%) or more of the Voting Capital Stock then outstanding or (y) solely as a result of
the Separation, would become the Beneficial Owner of fifteen percent (15%) or more of the Voting Capital Stock outstanding immediately following the consummation of the Separation if the Separation were to be consummated immediately after the
time of such public announcement, except, with respect to the Persons named in the preceding clause (ii) of this paragraph, any such Person shall no longer be considered an Exempt Person (1) if such Person Beneficially Owns less than
fifteen percent (15%) of the then-outstanding Voting Capital Stock or (2) if, on or after the first date of public announcement of the Board’s determination to adopt the Rights Agreement, such Person acquires Beneficial Ownership of
additional shares of Voting Capital Stock (other than (A) by way of acquisition of Voting Capital Stock as a result of the declaration and payment of a pro rata dividend payable in Capital Stock (or securities convertible or exchangeable into
Capital Stock) on, or split or subdivision of, the Capital Stock of the Company or (B) solely as a result of any unilateral grant of any security by the Company or through the exercise of any options, warrants, rights or similar interests
(including restricted stock) granted by the Company to its directors, officers and employees pursuant to any equity incentive or award plan), unless it is determined by the Board that such Person inadvertently acquired such shares of Voting Capital
Stock and the shares are subsequently divested by such Person, with such determination and divestiture each being made in accordance with the terms of clause (vii) of the definition of “Acquiring Person” in the Rights Agreement.

 Until the Distribution Date, (i) the Rights will be evidenced by the Common Stock certificates and will be transferred
with and only with such Common Stock certificates, (ii) new Common Stock certificates issued after the Record Date will contain a notation incorporating the Rights Agreement by reference and (iii) the surrender for transfer of any
certificates for Common Stock outstanding will also constitute the transfer of the Rights associated with the Common Stock represented by such certificate. Pursuant to the Rights Agreement, the Company reserves the right to require prior to the
occurrence of a Triggering Event (as defined below) that, upon any exercise of Rights, a number of Rights be exercised so that only whole shares of Preferred Stock will be issued. 

The Rights are not exercisable until the Distribution Date and will expire at 5:00 P.M. (New York City time) on [—]7, 2014 (the
“Final Expiration Date”), unless the Rights Agreement is earlier terminated or such date is advanced or extended or the Rights are earlier redeemed or exchanged by the Company as described below. 

As soon as practicable after the Distribution Date, Rights Certificates will be mailed to holders of record of the Common Stock as of the
close of business on the Distribution Date and, thereafter, the separate Rights Certificates alone will represent the Rights. 

In the event that a Person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise,
(i) Class A Common Stock (or, in certain circumstances, cash, property or other securities of the Company) having a value equal to two times the exercise price of the Class A Right or (ii) Class B Common Stock (or, in certain

  

	7 	 Date to be 12 months from the date of consummation of the Separation. 

  
 2 

 
circumstances, cash, property or other securities of the Company) having a value equal to two times the exercise price of the Class B Right. Notwithstanding any of the foregoing, following the
occurrence of the event set forth in this paragraph, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person will be null and void. However, Rights are not exercisable
following the occurrence of the event set forth above until such time as the Rights are no longer redeemable by the Company as set forth below. 
 For example, at an exercise price of $90 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following the event described in the preceding paragraph would entitle its
holder to purchase $180 worth of Common Stock (or other consideration, as noted above) for $90. Assuming that the Common Stock had a per share value of $18 at such time, the holder of each valid Right would be entitled to purchase 10 shares of
Common Stock for $90. 
 In the event that, at any time following the Stock Acquisition Date, other than in connection with the
Separation, (i) the Company engages in a merger or other business combination transaction in which the Company is not the surviving corporation, (ii) the Company engages in a merger or other business combination transaction in which the
Company is the surviving corporation and the Common Stock of the Company is changed or exchanged, or (iii) 50% or more of the Company’s assets, cash flow or earning power is sold or transferred, each holder of a Right (except Rights which
have previously been voided as set forth above) shall thereafter have the right to receive, upon exercise, common stock of the acquiring company having a value equal to two times the exercise price of the Right. The events set forth in this
paragraph and in the second preceding paragraph are referred to as the “Triggering Events.” 
 At any time after a
person becomes an Acquiring Person and prior to the acquisition by such person or group of 50% or more of the outstanding Voting Capital Stock, the Board may exchange the Rights (other than Rights owned by such person or group which have become
void), in whole or in part, for Common Stock or Preferred Stock at an exchange ratio of one share of Common Stock, or one one-thousandth of a share of Preferred Stock (or of a share of a class or series of the Company’s preferred stock having
equivalent rights, preferences and privileges), per Right (subject to adjustment). 
 The Purchase Price payable, and the number
of Units of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or
reclassification of, the Preferred Stock, (ii) if holders of the Preferred Stock are granted certain rights or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock, or
(iii) upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). 

With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments amount to at least 1% of the
Purchase Price. No fractional Units will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading date prior to the date of exercise. 

  
 3 

 At any time until ten business days following the Stock Acquisition Date (as such time
period may be extended pursuant to the Rights Agreement), the Company may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (payable in cash, Common Stock or other consideration deemed appropriate by the Board of Directors)
or amend the Rights Agreement to change the Final Expiration Date to another date, including without limitation an earlier date. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the Rights will terminate and
the only right of the holders of Rights will be to receive the $0.001 redemption price. 
 Until a Right is exercised, the
holder thereof, as such, will have no separate rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends in respect of the Rights. While the distribution of the Rights will not be taxable to
stockholders or to the Company, stockholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Stock (or other consideration) of the Company or for common stock of the
acquiring company or in the event of the redemption of the Rights as set forth above. 
 Any of the provisions of the Rights
Agreement may be amended by the Board of Directors of the Company prior to the Distribution Date. After the Distribution Date, the provisions of the Rights Agreement may be amended by the Board in order to cure any ambiguity, to make changes which
do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Rights Agreement. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable. 

A copy of the Rights Agreement has been or will be filed with the Securities and Exchange Commission as an Exhibit to a Registration
Statement on Form 10 of the Company. A copy of the Rights Agreement is available free of charge from the Rights Agent. This summary description of the Rights does not purport to be complete and is qualified in its entirety by reference to the Rights
Agreement, which is incorporated herein by reference. 

  
 4EX-10.4

 Exhibit 10.4 
 Form of FOX SPORTS Trade Mark Licence 
 Twentieth Century Fox Film Corporation

 Fox Sports Australia Pty Limited 
 Fox Sports Australia Investments Pty Limited 

			
	FOX SPORTS Trade Mark Licence	  	

  
  

 

 Table of Contents 

 

									
	 1.
	 	 Definitions and interpretation
	  	 	1	  
		 	1.1	 	 Definitions
	  	 	1	  
		 	1.2	 	 Interpretation
	  	 	4	  
			
	 2.
	 	 Termination of existing licence
	  	 	5	  
			
	 3.
	 	 Licence
	  	 	5	  
		 	3.1	 	 Grant of licence
	  	 	5	  
		 	3.2	 	 Derivative Marks
	  	 	5	  
		 	3.3	 	 Limits on exclusivity
	  	 	5	  
		 	3.4	 	 Territorial restrictions
	  	 	6	  
		 	3.5	 	 Acknowledgement by Licensee
	  	 	7	  
		 	3.6	 	 Goodwill
	  	 	7	  
		 	3.7	 	 Excluded powers
	  	 	7	  
			
	 4.
	 	 Duration
	  	 	7	  
			
	 5.
	 	 Trade Marks Act matters
	  	 	7	  
		 	5.1	 	 Record of Authorised Use
	  	 	7	  
		 	5.2	 	 Applications for registration
	  	 	7	  
		 	5.3	 	 Applications by Licensor
	  	 	8	  
		 	5.4	 	 Licensor to inform Licensee
	  	 	8	  
		 	5.5	 	 Licensor to act promptly
	  	 	8	  
		 	5.6	 	 Costs of application and maintenance
	  	 	8	  
		 	5.7	 	 Licensee to assist Licensor in securing registration
	  	 	8	  
		 	5.8	 	 Defensive Registrations
	  	 	8	  
			
	 6.
	 	 Preservation of the licensed marks
	  	 	9	  
		 	6.1	 	 Protection of title
	  	 	9	  
		 	6.2	 	 Reproduction of Licensed Marks
	  	 	9	  
		 	6.3	 	 Existing approvals
	  	 	9	  
		 	6.4	 	 New approval process
	  	 	10	  
		 	6.5	 	 Licensor variations to Licensed Marks
	  	 	10	  
		 	6.6	 	 Maintenance of registration
	  	 	10	  
		 	6.7	 	 Certification of use
	  	 	10	  
		 	6.8	 	 Fox Trade Mark Licence
	  	 	10	  
		 	6.9	 	 Process for updating Schedule 1
	  	 	10	  
			
	 7.
	 	 Infringement
	  	 	11	  
		 	7.1	 	 Notice of infringement or challenge
	  	 	11	  
		 	7.2	 	 Enforcement Program
	  	 	11	  
		 	7.3	 	 Potential Infringement
	  	 	12	  
		 	 If a Potential Infringement is identified:
	  	 	12	  
		 	7.4	 	 Licensee’s Proceeding
	  	 	12	  
		 	7.5	 	 Licensor’s Proceeding
	  	 	13	  
		 	7.6	 	 Confidentiality and privilege
	  	 	14	  

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

									
	 8.
	 	 Warranties
	  	 	14	  
		 	8.1	 	 Mutual warranty
	  	 	14	  
		 	8.2	 	 Licensor warranties
	  	 	14	  
		 	8.3	 	 Licensee’s warranties
	  	 	15	  
			
	 9.
	 	 Standard of quality and marketing
	  	 	15	  
		 	9.1	 	 Conformity of standards and approval of Materials
	  	 	15	  
		 	9.2	 	 Consultation on marketing
	  	 	16	  
		 	9.3	 	 Device marks
	  	 	16	  
		 	9.4	 	 Compliance with laws and industry standards
	  	 	16	  
			
	 10.
	 	 Dealing with the licensed marks
	  	 	17	  
		 	10.1	 	 Importance of sub-licensing rights
	  	 	17	  
		 	10.2	 	 Grant of sub-licences
	  	 	17	  
		 	10.3	 	 Other sub-licensing
	  	 	17	  
		 	10.4	 	 Sub-licence terms
	  	 	17	  
		 	10.5	 	 Assignment
	  	 	18	  
		 	10.6	 	 Assignment by Licensor
	  	 	18	  
		 	10.7	 	 Security
	  	 	18	  
			
	 11.
	 	 Trade Names
	  	 	18	  
		 	11.1	 	 Corporate names
	  	 	18	  
		 	11.2	 	 Domain Names
	  	 	18	  
		 	11.3	 	 Business names and corporate titles
	  	 	19	  
		 	11.4	 	 Obligations on termination
	  	 	19	  
			
	 12.
	 	 Indemnities
	  	 	20	  
		 	12.1	 	 Licensee’s indemnity
	  	 	20	  
		 	12.2	 	 Licensor’s indemnity
	  	 	21	  
		 	12.3	 	 General provisions relating to indemnities
	  	 	21	  
			
	 13.
	 	 Termination
	  	 	22	  
		 	13.1	 	 Termination for cause
	  	 	22	  
			
	 14.
	 	 Rights on Termination
	  	 	22	  
		 	14.1	 	 Accrued rights
	  	 	22	  
		 	14.2	 	 Cessation of use
	  	 	22	  
		 	14.3	 	 Further consequences of expiry or termination
	  	 	23	  
		 	14.4	 	 Maintenance of Registration
	  	 	23	  
			
	 15.
	 	 No challenge
	  	 	23	  
			
	 16.
	 	 Specific Performance and Injunctive Relief
	  	 	23	  
			
	 17.
	 	 Dispute Resolution
	  	 	23	  
			
	 18.
	 	 No Waiver
	  	 	24	  
			
	 19.
	 	 No Agency or Partnership
	  	 	24	  
			
	 20.
	 	 Notices
	  	 	24	  
			
	 21.
	 	 Severance
	  	 	26	  
			
	 22.
	 	 Entire Agreement
	  	 	26	  
			
	 23.
	 	 Governing Law
	  	 	26	  

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

									
	 24.
	 	 Further Assurances
	  	 	26	  
			
	 25.
	 	 Counterparts
	  	 	26	  
		
	 Schedule 1
	  	 	27	  
		 	 Licensed Marks
	  	 	27	  
		
	 Schedule 2
	  	 	45	  
		 	 Trade Mark legend
	  	 	45	  
		
	 Schedule 3
	  	 	46	  
		 	 Guidelines for use of Licensed Marks
	  	 	46	  

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

			
	 Date
  
	  	 2013

		
	 Parties
  
	  	
		
	 1.
	  	Twentieth Century Fox Film Corporation, a corporation existing under the laws of Delaware of 10201 West Pico Boulevard, Los Angeles, California, 90035, United States of
America (the Licensor).
		
	 2.
	  	Fox Sports Australia Pty Limited (ACN 065 445 418) of 4 Broadcast Way, Artarmon, NSW 2064, Australia 
		
	 3.
	  	 Fox Sports Australia Investments Pty Limited (ACN 065 420 046) of 4 Broadcast Way, Artarmon, NSW 2064, Australia

 
 (Fox Sports Australia and Fox Sports Australia Investments each a
Licensee).

		
	 Recitals
  
	  	
		
	 A
	  	The Licensor is the owner of the Licensed Marks.
		
	 B
	  	The Licensee carries on a business which includes within its scope the ownership, operation and distribution of media and other goods and services featuring or associated with
sports and sports-related content.
		
	 C
	  	The Licensor has agreed to grant the Licensee a licence in respect of the Licensed Marks and the Licensee is to be an authorised user for the purposes of the Act, on the terms
and conditions of this Agreement.
		
	 	  	 

 It is agreed as follows. 
  

	1.	Definitions and interpretation 

  

 
  

	1.1	Definitions 

 The
following definitions apply unless the context requires otherwise. 
 Act means the Trade Marks Act 1995
(Cth) and the New Zealand Trade Marks Act 2002. 
 Affiliate in relation to a person, means a body
corporate, joint venture, partnership, unit trust, trust or other business association (each an entity) which Controls, is Controlled by or is under common Control with that person. 

Authorised Officer means, for a party, a director or a company secretary of that party or any employee of that party whose
title includes either the words “Senior Vice President” or “Chief” and includes a person acting in any of those capacities. 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

 Broadcasting Service has the meaning given to it in the Broadcasting
Services Act 1992 (Cth). 
 Business Day means a day which is not a Saturday, Sunday or a public holiday in Los
Angeles or Sydney. 
 Commencement Date means 1 March 2013. 

Content Transaction has the meaning given to it in clause 10.1. 

Control means: 
  

	 	(a)	the ability to: 

  

	 	(i)	appoint or remove at least half of the directors of an entity; or 

  

	 	(ii)	control the casting of at least 50% of the maximum number of votes that might be cast at a meeting of an entity which is entitled to direct the business or management
of that entity; or 

  

	 	(b)	the holding, directly or indirectly (and whether through one or more interposed entities or through other contractual devices or structures or any combination of such
things), of at least half of the effective economic interest in the equity of an entity. 

 Derivative
Marks means: 
  

	 	(a)	the trade marks listed in Schedule 1 Part 2; and 

  

	 	(b)	any other trade mark which incorporates the words “FOX SPORTS” in combination with one or more other words and/or design elements, which trade mark has been
authorised by the Licensor pursuant to clause 3.2. 

 For the avoidance of doubt, Derivative Marks do not include
the Fox Marks. 
 Domain Name means those internet domain names referred to in clause 11.2, which incorporate any
of the Licensed Marks. 
 Fox Marks has the meaning given to it in the Fox Trade Mark licence and, for the
avoidance of doubt, excludes the Licensed Marks. 
 Fox Trade Mark Licence means the trade mark licence agreement
made on or about the same date as this Agreement between the Licensor and the Licensee in relation to the Fox Marks. 

Insolvency Event means the happening of any of these events to a party: 

 

	 	(a)	an order is made that a body corporate be wound up and the order is not dismissed or discharged within 21 days of being made; or 

 

	 	(b)	a liquidator, provisional liquidator, receiver or manager is appointed in respect of a body corporate and the appointment is not dismissed or withdrawn within 21 days
of being made; or 

  

	 	(c)	except to effect a bona fide reconstruction, amalgamation or merger while solvent, a body corporate enters into, or resolves to enter into, a scheme of arrangement,
deed of company arrangement or composition with, or assignment for the benefit of, all or any class of its creditors, or it proposes a reorganisation, moratorium or other administration involving any of them; or 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

	 	(d)	a body corporate stops payment generally to its creditors, ceases to carry on its business or threatens to do any of those things other than for the purposes of a bona
fide reconstruction or amalgamation or merger while solvent; or 

  

	 	(e)	a body corporate resolves to wind itself up, or otherwise dissolve itself, or gives notice of intention to do so, except to effect a bona fide reconstruction,
amalgamation or merger while solvent or is otherwise wound up or dissolved; or 

  

	 	(f)	a body corporate applies to a court or an administrative body for a suspension of payments to creditors; or 

 

	 	(g)	a body corporate takes any steps to obtain protection or is granted protection from its creditors, under any applicable legislation or an administrator is appointed to
a body corporate; or 

  

	 	(h)	a body corporate is or states that it is insolvent; or 

  

	 	(i)	anything analogous or having a substantially similar effect to any of the events specified above happens under the law of any applicable jurisdiction; or

  

	 	(j)	a body corporate reduces or takes action to reduce its capital in a manner which materially affects its ability to comply with its obligations under this agreement
without the written consent of the other party. 

 Intellectual Property Rights means all registered
and unregistered rights in relation to present and future copyright, trade marks, designs, know-how, patents, confidential information, moral rights and all other intellectual property as defined in article 2 of the Convention Establishing the World
Intellectual Property Organisation 1967 which may subsist anywhere in the world. 
 Licensed Goods means those
goods intended for commercial sale in respect of which the Licensee has received the Licensor’s approval to use the Licensed Marks. 
 Licensed Marks means: 
  

	 	(a)	the trade mark “FOX SPORTS”; 

  

	 	(b)	the trade marks listed in Schedule 1 Parts 1A and 1B (and, for avoidance of doubt, includes any such additional trade marks that may be registered or applied for
as contemplated by clause 5.2, if any); 

  

	 	(c)	the Derivative Marks; and 

  

	 	(d)	in relation to the trade marks referred to in (a) and (b) above, as registered and/or used by the Licensor as at the Commencement Date, any variations to
those trade marks that are made by the Licensor from time to time (whether or not those variations are registered as trade marks). 

 Register has the meaning given by the Act. 
 Registrar of Trade
Marks has the meaning given by the Act. 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

 Sports Services means: 

 

	 	(a)	the business of owning, operating, producing and distributing content, including statistics, and other services (including via television, online, internet, mobile
telecommunications, apps, radio and publishing platforms), primarily featuring sports or sports-related content; 

  

	 	(b)	any services ancillary to and in connection with that business (including the FOX SPORTS VENUES service as at the Commencement Date); 

 

	 	(c)	producing and distributing, other than by way of commercial sale, goods in the nature of promotional and marketing-related items; and 

 

	 	(d)	producing, distributing and supplying any other goods (including Licensed Goods) and services as are approved by the Licensor in writing from time to time.

 Territory means Australia and New Zealand. 

 

	1.2	Interpretation 

 Headings
are for convenience only and do not affect interpretation. The following rules apply unless the context requires otherwise. 
  

	 	(a)	The singular includes the plural and conversely. 

  

	 	(b)	A gender includes all genders. 

  

	 	(c)	A reference to a person includes a body corporate, an unincorporated body or other entity and conversely. 

 

	 	(d)	A reference to a clause or Schedule is to a clause of or schedule to this Agreement. 

 

	 	(e)	Mentioning anything after includes, including, for example, or similar expressions, does not limit what else might be included.

  

	 	(f)	A reference to a party to this Agreement or another agreement or document includes the party’s successors, permitted substitutes and permitted assigns.

  

	 	(g)	A reference to an agreement or document is to the agreement or document as amended, supplemented, varied or replaced from time to time, where applicable in accordance
with this Agreement or that other agreement or document. 

  

	 	(h)	A reference to legislation or to a provision of legislation includes a modification or re-enactment of it, a legislative provision substituted for it and a regulation
or statutory instrument issued under it. 

  

	 	(i)	A reference to conduct includes an omission, statement or undertaking, whether or not in writing. 

 

	 	(j)	A reference to dollars or $ means Australian dollars, unless otherwise stated. 

 

	 	(k)	A warranty, representation or obligation given or entered into by more than one person binds them jointly and severally. 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

	2.	Termination of existing licence 

  

 
 The parties agree that, as between
them, the existing trademark licence agreement between them dated 29 April, 1996 (as amended) terminates on the Commencement Date. 
  

	3.	Licence 

  

 
  

	3.1	Grant of licence 

 Subject
to clause 3.3, in consideration of the payment of the sum of $10.00 by the Licensee to the Licensor (the receipt of which the Licensor acknowledges) the Licensor grants to the Licensee: 

 

	 	(a)	an exclusive licence to use, and authorise the use of, the Licensed Marks in Australia; and 

 

	 	(b)	a non-exclusive licence to use, and authorise the use of, the Licensed Marks in New Zealand, 

in relation to the Sports Services. 
  

	3.2	Derivative Marks 

  

	 	(a)	Subject to clause 3.2(b), the licence granted in clause 3.1 includes the licence to use, in the Territory, such additional Derivative Marks as may be authorised by the
Licensor from time to time. 

  

	 	(b)	The Licensor takes no responsibility for any use by the Licensee of a third party registered or unregistered trade mark as a component of a Derivative Mark, whether or
not the Licensor has authorised that Derivative Mark. 

  

	3.3	Limits on exclusivity 

  

	 	(a)	The exclusive licence in clause 3.1(a) does not prevent the Licensor or its Affiliates from: 

 

	 	(i)	operating websites and mobile telephony services (including mobile device apps) and making content available via websites and mobile telephony services (including those
operated by third parties) and Licensor dedicated and controlled areas on social media websites such as a Facebook Fan Page or Twitter profile (Licensor Social Media Areas) using a name consisting of or incorporating a Licensed
Mark, provided that any such: 

  

	 	(A)	websites and Licensor Social Media Areas are not targeted at individuals in Australia (and the fact that such website(s) and Licensor Social Media Areas may be
accessible from within Australia shall not constitute a breach by the Licensor of the territorial restrictions contained herein); and 

  

	 	(B)	 mobile telephony services are not targeted at users for reception and viewing on mobile devices in Australia (and the fact that such mobile telephony
services may be capable of being received in 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

	 	Australia by customers who subscribe to the relevant mobile telephony service outside Australia, are ordinarily resident outside Australia and are visiting Australia on
a temporary basis shall not constitute a breach by the Licensor of the territorial restrictions contained herein). 

  

	 	(ii)	licensing sports programs and sports-related entertainment (including feature films, news programs and documentaries) under a Licensed Mark, produced by or on behalf of
the Licensor or its Affiliates outside Australia, to entities in Australia for distribution in Australia; or 

  

	 	(iii)	using or licensing the Licensed Marks on a multi-national basis in respect of any other goods or services, provided that such goods or services are not targeted at
individuals in Australia. The fact that such goods or services may be available for sale or supply in Australia shall not constitute a breach by the Licensor of the territorial restrictions contained herein. 

 

	 	(b)	The licences in clause 3.1 entitle the Licensee to operate websites and mobile telephony services (including mobile device apps), and make content available via
websites and mobile telephony services (including those operated by third parties), and Licensee dedicated and controlled areas on social media websites such as a Facebook Fan Page or Twitter Profile (Licensee Social Media Areas) using
a name consisting of or incorporating a Licensed Mark, provided that any such: 

  

	 	(i)	websites and Licensee Social Media Areas are directed at users in the Territory (and the fact that such website(s) and areas may be accessible from outside the
Territory shall not constitute a breach by the Licensee of the territorial restrictions contained herein); and 

  

	 	(ii)	mobile telephony services are directed at users for reception and viewing on mobile devices in the Territory (and the fact that such mobile telephony services may be
capable of being received outside the Territory by customers who subscribe to the relevant mobile telephony service in the Territory, are ordinarily resident within the Territory and are visiting a particular country outside the Territory on a
temporary basis shall not constitute a breach by the Licensee of the territorial restrictions contained herein). 

  

	3.4	Territorial restrictions 

  

	 	(a)	Except as permitted by clause 3.3, the Licensee is not permitted to use or grant any other person the right to use the Licensed Marks outside the Territory without the
prior written consent of the Licensor. 

  

	 	(b)	Except as permitted by clause 3.3, the Licensor is not permitted to use or grant to any other person the right to use the Licensed Marks in Australia without the prior
written consent of the Licensee. The Licensee will not unreasonably withhold its consent to use of the Licensed Marks in Australia, outside the scope of the Sports Services, by the Licensor or its Affiliates. 

  
  

			
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	3.5	Acknowledgement by Licensee 

 Without prejudice to the provisions of the Fox Trade Mark Licence, the Licensee acknowledges that the Licensor or any of its Affiliates carries and may carry on business in the Territory under the Fox
Marks and the Licensee releases and discharges the Licensor and any Affiliate of the Licensor from any claim (including objection or opposition) by or liability to the Licensee as a consequence of that business or use, provided that business or use
does not bring the Licensed Marks or the Licensee into disrepute. 
  

	3.6	Goodwill 

  

	 	(a)	The Licensee acknowledges that all use of the Licensed Marks by the Licensee and its permitted sub-licensees pursuant to this Agreement, including any goodwill
resulting from that use, inures and shall inure to the sole benefit of the Licensor. 

  

	 	(b)	The Licensor acknowledges that it acquires no interest in the goodwill associated with the business of the Licensee, which goodwill inures to the sole benefit of the
Licensee. 

  

	3.7	Excluded powers 

 Except
to the extent expressly granted to the Licensee in this Agreement, the Licensee will have none of the powers conferred on authorised users of trade marks by section 26 of the Act. 

 

	4.	Duration 

  

 
 This Agreement is deemed to take
effect from the Commencement Date and will continue in force perpetually subject to the rights of termination under clause 13. 
  

	5.	Trade Marks Act matters 

  

 
  

	5.1	Record of Authorised Use 

The Licensor and the Licensee or their authorised agents shall apply in writing in the form prescribed by the Act for recordal of the
Licensee’s rights and interest in respect of the Licensed Marks on the Register on and after the Commencement Date. 
  

	5.2	Applications for registration 

  

	 	(a)	If at any time during the term of this Agreement the Licensee wishes the Licensor to obtain additional trade mark registrations in the Territory for marks which include
the word FOX SPORTS including any Derivative Mark, in respect of any goods/services/classes to enhance or protect the business of the Licensee in the Territory it will notify the Licensor in writing. 

 

	 	(b)	 If at any time during the term of this Agreement, the Licensor considers that it should obtain additional trade mark registrations in the Territory for
trade marks which include the word FOX SPORTS including any Derivative Mark, in respect of any goods/services/classes in order to enhance or protect the business of the 

  
  

			
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Licensee in the Territory, it will notify the Licensee in writing. If, after consultation, the Licensee agrees with the Licensor, the Licensor will file an application to register the relevant
trade mark. 

  

	 	(c)	Subject to clause 9.3, the Licensor will use in consultation with the Licensee all reasonable endeavours to secure such additional registrations referred to in clauses
5.2(a) and (b) above as soon as reasonably practicable. 

  

	5.3	Applications by Licensor 

The Licensor retains the right to apply for any other additional trade mark registrations as it sees fit, at its cost. 

 

	5.4	Licensor to inform Licensee 

 The Licensor must keep the Licensee informed, as reasonably required in the circumstances, of all matters affecting the progress of trade mark applications made by the Licensor pursuant to clause 5.2.

  

	5.5	Licensor to act promptly 

In respect of trade mark applications made by the Licensor pursuant to clause 5.2, the Licensor must ensure that it acts in a timely
manner in responding, and consults the Licensee before responding, to any enquiries or directions from the Registrar of Trade Marks (or the New Zealand Commissioner of Trade Marks) and that it takes all reasonable action which both parties consider
necessary to ensure acceptance of any such application. 
  

	5.6	Costs of application and maintenance 

 The Licensor shall be responsible for holding and maintaining all trade mark registrations in the Territory in respect of the Licensed Marks, and shall take all steps necessary to maintain and renew those
registrations provided that the parties have first discussed and agreed in good faith that it is appropriate for the Licensor to apply for and continue to maintain and/or renew any registrations. The Licensee shall pay all of the Licensor’s
reasonable costs, on a solicitor/trade mark attorney and own client basis (including the costs of the solicitors or trade mark attorneys selected and appointed by the Licensor), associated with any applications to register the Licensed Marks and any
other trade marks pursuant to clause 5.2 and the renewal of registration of such trade marks which the parties agree should be renewed. 
  

	5.7	Licensee to assist Licensor in securing registration 

 The Licensee must ensure that it provides the Licensor with all information necessary and assists the Licensor, as reasonably required under the circumstances, in connection with applications made to
register the Licensed Marks. 
  

	5.8	Defensive Registrations 

  

	 	(a)	 If any party believes that it would be desirable for the Licensor to file trade mark applications in the Territory (other than applications for
Licensed Marks within the fields of use contemplated by this Agreement) in order to protect its rights in the 

  
  

			
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Licensed Marks (Defensive Registrations) it shall notify the other party in writing. The parties will discuss in good faith whether it is appropriate for the Licensor to apply for
such Defensive Registrations and, if so, who should bear the costs associated therewith. 

  

	 	(b)	The Licensor shall be responsible for obtaining and maintaining Defensive Registrations. If Defensive Registrations are applied for at the request of the Licensee (or
if the Licensee agrees to bear the costs thereof), the Licensee shall pay all of the Licensor’s reasonable costs, on a solicitor/trade mark attorney and own client basis (including the costs of the solicitors or trade mark attorneys selected
and appointed by the Licensor) associated with obtaining and maintaining those Defensive Registrations. 

  

	6.	Preservation of the licensed marks 

  

 
  

	6.1	Protection of title 

Licensee acknowledges that the Licensor is and will remain the legal and beneficial owner of the Licensed Marks in the Territory (and
elsewhere) and undertakes not to do or cause any thing to be done that may adversely affect the Licensor’s rights in relation to the Licensed Marks or call into question the validity of the Licensor’s rights in relation to the Licensed
Marks or the registration of the Licensed Marks. This undertaking survives termination of this Agreement for a further period of three years. The provisions of this clause shall not apply to the marks “FOX” or “fx” and
derivatives thereof, which are the subject of the FOX Licence Agreement between the parties. 
  

	6.2	Reproduction of Licensed Marks 

 Without limiting clause 6.1, the Licensee agrees that it will: 
  

	 	(a)	only reproduce and use the Licensed Marks in substantially the same form in which they appear in Schedule 1 or otherwise in a form that has both been approved by the
Licensor pursuant to clause 6.3 or 6.4, and that complies with the quality control standards referred to in clause 9.1(a); 

  

	 	(b)	other than where used as part of a Broadcasting Service, including any programming or editorial content, or as otherwise agreed between the Licensor and the Licensee,
ensure that, wherever reasonably practicable having regard to space constraints, a trade mark legend in the appropriate form as set out in Schedule 2 appears whenever any of the Licensed Marks are used; and 

 

	 	(c)	only use the Licensed Marks within the guidelines set out in Schedule 3. 

  

	6.3	Existing approvals 

 The
Licensor acknowledges that the Licensee does not need to seek the Licensor’s approval in respect of any use of a Licensed Mark that is substantially the same as a use of that Licensed Mark made by the Licensee prior to the date of this
Agreement. 

  
  

			
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	6.4	New approval process 

  

	 	(a)	If the Licensee proposes to use a Licensed Mark in a form which is substantially different from the form in which it appears in Schedule 1 or in which it was used prior
to the date of this Agreement, it will notify the Licensor in writing no less than 30 days prior to the commencement of that use, seeking approval for that use. 

 

	 	(b)	The Licensor’s approval shall not be unreasonably withheld or delayed. 

 

	 	(c)	If the Licensor has an objection to the varied form of the Licensed Mark, the parties will discuss any differences of opinion in relation to the varied form of the
Licensed Marks, and any disputes may be referred to the dispute resolution procedure in clause 17. 

  

	 	(d)	If the Licensor does not respond to a notification under this clause within 10 Business Days of receipt, the Licensor will be deemed to have approved the
Licensee’s use of the varied form of the Licensed Mark. 

  

	6.5	Licensor variations to Licensed Marks 

 If, in relation to the FOX SPORTS trade mark and the trade marks listed in Schedule 1 Parts 1A and 1B as registered and/or used by the Licensor as at the Commencement Date, the Licensor makes
variations from time to time (each an Amended Mark), the Licensee may use the Amended Mark without seeking the prior approval of the Licensor, provided that it otherwise complies with the terms of this Agreement in respect of its use
of the Amended Mark. 
  

	6.6	Maintenance of registration 

 Subject to clauses 5.3 and 5.6, the Licensor will (at the cost of the Licensee on a solicitor/trade mark attorney and own client basis) maintain the registrations of the Licensed Marks by paying any
applicable fees and doing any other things necessary to renew the registrations if the parties agree that they should be renewed. The Licensee will provide the Licensor with all documentation and information necessary to renew the registrations.

  

	6.7	Certification of use 

From time to time on written request of the Licensor, but not more frequently than once every 2 years, the Licensee shall provide to the
Licensor a statutory declaration made by an Authorised Officer of the Licensee, setting out which of the Licensed Marks have been used, and which of the Licensed Marks have not been used, in the preceding 2 years. 

 

	6.8	Fox Trade Mark Licence 

Nothing in this Agreement shall affect, or be affected by, the provisions of the Fox Trade Mark Licence. 

 

	6.9	Process for updating Schedule 1 

 From time to time, at the request of either party, the parties will execute a variation to this Agreement to add to Schedule 1 any additional Licensed Marks, including: 

 

	 	(a)	new Derivative Marks authorised under clause 3.2; 

  
  

			
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	 	(b)	new trade mark registrations for Licensed Marks made under clause 5.2; 

  

	 	(c)	trade marks authorised under clause 6.4; and 

  

	 	(d)	Amended Marks under clause 6.5, 

which have been incorporated into the scope of this Agreement since its execution or the last variation (as the case may be). 

 

	7.	Infringement 

  

 
  

	7.1	Notice of infringement or challenge 

 The Licensee will promptly notify the Licensor in writing if it becomes aware of conduct by any third party in the Territory, actual or threatened, in relation to any of the Licensed Marks, which may:

  

	 	(a)	give rise to an action by the Licensor or the Licensee for registered trade mark infringement, passing off or breach of the Competition and Consumer Act 2010
(Cth) or other fair trading laws (Potential Infringement); or 

  

	 	(b)	challenge, prejudice or detrimentally affect any of the Licensed Marks or adversely affect the interests of the Licensor in the Licensed Marks (Potential
Challenge). 

  

	7.2	Enforcement Program 

  

	 	(a)	The Licensee must implement an enforcement program in Australia in relation to the Licensed Marks (Enforcement Program), in a form to be settled on a
biennial basis in consultation with the Licensor. 

  

	 	(b)	Between 1 January and 1 April every second year, the Licensor will provide the Licensee with details of the Licensor’s global enforcement strategy and
program. 

  

	 	(c)	The Licensee will provide to the Licensor on or before 1 May every second year a document setting out details of a proposed Enforcement Program which will be
designed to align with the Licensor’s global enforcement strategy and program in relation to the Licensed Marks and will include: 

  

	 	(i)	reporting and consultation processes relating to the detection and notification of Potential Infringements; 

 

	 	(ii)	sending standard form cease and desist letters to infringers, but not the commencement of any civil proceeding (Proceeding); 

 

	 	(iii)	reporting Potential Infringements to relevant authorities with a view to their taking action, including possible criminal proceedings; 

 

	 	(iv)	making domain name complaints for domain names in the .au space; and 

  

	 	(v)	nominating investigators and legal counsel to assist in the enforcement program. 

  
  

			
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	 	(d)	The Licensor will provide its comments in relation to the proposed Enforcement Program to the Licensor within 30 days of receipt of the document setting out such
details. 

  

	 	(e)	The Licensor and the Licensee will use all reasonable endeavours to consult in good faith to settle the Enforcement Program on or before 30 June every second year.

  

	 	(f)	The Licensee will bear the responsibility and costs of implementing the Enforcement Program. 

 

	7.3	Potential Infringement 

If a Potential Infringement is identified: 
  

	 	(a)	the Licensor and the Licensee will cooperate promptly and in good faith to consider whether it should be handled within the Enforcement Program or whether it is
appropriate to commence any Proceeding; 

  

	 	(b)	if it is handled within the Enforcement Program but not resolved, the Licensor and the Licensee will consult in good faith to consider whether it is appropriate to
commence any Proceeding; 

  

	 	(c)	in either case described in (a) and (b), the Licensee will decide promptly whether to commence any Proceeding; and 

 

	 	(d)	as originating from New Zealand, the Licensor may in its absolute discretion decide whether to take any action or to bring any Proceeding. 

 

	7.4	Licensee’s Proceeding 

If the Licensee decides to commence a Proceeding in relation to a Potential Infringement: 

 

	 	(a)	the Licensee must give the Licensor reasonable written notice of the proposed Proceeding before it is commenced; 

 

	 	(b)	the Licensee may only use solicitors, attorneys or counsel approved for the time being by the Licensor (such approval not to be unreasonably withheld or withdrawn);

  

	 	(c)	the Licensee must regularly consult with and keep the Licensor informed in relation to all material steps taken and to be taken in the Proceeding and their progress,
including in relation to strategy, claims and cross-claims, interlocutory applications, hearings and orders, directions hearings and procedural matters, discovery, witnesses, evidence and proposals for mediation or settlement;

  

	 	(d)	the Licensor must comply with the Licensee’s reasonable requests for assistance in furtherance of the Proceeding, including as to the joinder of the Licensor as a
party and the provision of information, documents and evidence; 

  

	 	(e)	the Licensee must not make any admission of liability, agree to any compromise or settlement or commence or defend any appeal proceedings without the Licensor’s
prior written consent; 

  
  

			
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	 	(f)	subject to clause 7.4(g), the Licensee must pay its own expenses and legal costs and all the reasonable expenses and legal costs of the Licensor associated with the
Proceeding; 

  

	 	(g)	if at any time there is in the reasonable opinion of the Licensor a Potential Challenge, the Licensor: 

 

	 	(i)	may take over the conduct of the Proceeding; and 

  

	 	(ii)	if it does so, it must pay its own expenses and costs of the Proceeding incurred after the date that it takes over its conduct; 

 

	 	(h)	the Licensor and the Licensee may each seek to recover their respective expenses and legal costs associated with the Proceeding from any third party and may each retain
any such recoveries; and 

  

	 	(i)	subject to clause 7.4(h), the Licensee will be entitled to any amount recovered by or on behalf of the Licensor or the Licensee from any third party as a result of the
Proceeding unless the Licensor exercises its discretion to take over the conduct of the Proceeding pursuant to clause 7.4(g), in which case the Licensor and the Licensee will consult in good faith as to how such recoveries should be apportioned
taking into account their respective contributions, including financial contributions, to the Proceeding. 

  

	7.5	Licensor’s Proceeding 

If in the Licensor’s opinion the Licensee does not promptly take reasonable steps to deal with a Potential Infringement identified as
originating from Australia, then after reasonable notice to and good faith consultation with the Licensee, the Licensor may take any steps that it considers appropriate to deal with the Potential Infringement, including the commencement of a
Proceeding, subject to the following conditions in relation to any Proceeding: 
  

	 	(a)	the Licensor must give the Licensee reasonable written notice of any proposed Proceeding before it is commenced; 

 

	 	(b)	the Licensor must keep the Licensee informed in relation to all material steps taken in the Proceeding; 

 

	 	(c)	the Licensee must cooperate fully with the Licensor and must promptly comply with its requests for assistance in furtherance of the Proceeding, including as to the
joinder of the Licensee as a party and the provision of information, documents and evidence; 

  

	 	(d)	the Licensor and the Licensee must each pay their own respective expenses and legal costs associated with the Proceeding; 

 

	 	(e)	the Licensor and the Licensee may each seek to recover their respective costs and expenses associated with the Proceeding from any third party and may each retain any
such recoveries; and 

  

	 	(f)	subject to clause 7.5(e), the Licensor will be entitled to any amount recovered by or on behalf of the Licensor or the Licensee from any third party as a result of the
action or proceeding. 

  
  

			
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 If the Licensor decides to take any action or to bring a proceeding in relation to a
Potential Infringement identified as originating from New Zealand, the above sub-clauses will also apply. 
  

	7.6	Confidentiality and privilege 

  

	 	(a)	Subject to contrary agreement or order, the Licensor and the Licensee must keep confidential all information, documents and communications concerning any Potential
Infringement, any Potential Challenge and any action taken or proceeding commenced in relation to such matters which pass between them or their respective legal representatives (Confidential Communications), unless they are in the
public domain. 

  

	 	(b)	The Licensor and the Licensee acknowledge and agree: 

  

	 	(i)	that they have a common interest in any action taken or proceeding commenced against or by a third party in relation to any Potential Infringement or Potential
Challenge; and 

  

	 	(ii)	that, subject to contrary agreement or order, they will each use their best endeavours to preserve and not to waive any privilege that may apply to Confidential
Communications. 

  

	8.	Warranties 

  

 
  

	8.1	Mutual warranty 

 Each
party represents, warrants and undertakes that it has the right, power and authority to enter into this Agreement. 
  

	8.2	Licensor warranties 

 The
Licensor represents, warrants and undertakes that: 
  

	 	(a)	in respect of the Licensed Marks listed in Schedule 1 Part 1A, it is the registered proprietor or applicant for registration (as applicable); 

 

	 	(b)	all fees and steps necessary for the prosecution, maintenance and renewal of the Licensed Marks listed in Schedule 1 Part 1A have been paid or taken as at the
Commencement Date; 

  

	 	(c)	it has the right to grant the licences granted under this Agreement and there is no restriction, encumbrance or other matter preventing the Licensor from granting the
licences; 

  

	 	(d)	so far as it is aware, and except in respect of any Derivative Marks which include a third party registered or unregistered trade mark as a component, use of the
Licensed Marks in the Territory by the Licensee in accordance with this Agreement will not infringe the trade mark rights of any third party; 

  
  

			
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	 	(e)	so far as it is aware, use of any Licensed Marks created by Licensor (including any variations made by Licensor under clause 6.5) in the Territory by the Licensee in
accordance with this Agreement will not infringe any other Intellectual Property Rights of any third party; and 

  

	 	(f)	so far as it is aware, as at the Commencement Date, there are no existing or threatened oppositions or challenges to the validity of any of the Licensed Marks.

  

	8.3	Licensee’s warranties 

The Licensee represents, warrants and undertakes that: 
  

	 	(a)	it will not be in breach of any agreement or arrangement to which it is a party or to which it is subject because of its execution of this Agreement or its performance
under it; 

  

	 	(b)	so far as it is aware, there is no restriction, encumbrance or other matter involving the Licensee which would prevent the Licensor from granting the licences on the
terms set out in this Agreement; 

  

	 	(c)	so far as it is aware, as at the Commencement Date, there are no existing or threatened oppositions or challenges to the validity of any of the Licensed Marks;

  

	 	(d)	it will, and it will procure that its permitted sub-licensees and Affiliates will, comply with the terms of this Agreement; and 

 

	 	(e)	it will not, and it will procure that its sub-licensees and Affiliates do not, use the Licensed Marks in any manner that is not authorised by this Agreement.

  

	9.	Standard of quality and marketing 

  

 
  

	9.1	Conformity of standards and approval of Materials 

  

	 	(a)	The nature and quality of the goods manufactured or supplied and all stationery, advertising and promotional materials relating to the goods and/or services using the
Licensed Marks and manufactured or supplied by the Licensee must conform to any quality control standards either notified to the Licensee by the Licensor from time to time or otherwise prepared by the Licensee and approved by the Licensor from time
to time. The Licensor shall not impose or vary quality control standards arbitrarily or unreasonably, it being understood and agreed, however, that it shall not be arbitrary or unreasonable for the Licensor to set quality control standards upon
reasonable notice to the Licensee which, in the Licensor’s good faith belief, are necessary or appropriate to preserve the goodwill associated with the Licensed Marks and which have no material adverse effect on the Licensee.

  

	 	(b)	Upon the Licensor’s reasonable request from time to time, the Licensee must submit for the Licensor’s inspection samples of any Licensed Goods and of any
marketing and promotional material in relation to any of the Sports Services where such material contains any Licensed Mark. 

  

	 	(c)	If the Licensor, acting reasonably, notifies the Licensee that any sample does not comply with clause 9.1(a), the Licensee must suspend production, distribution and
supply of the relevant Licensed Goods and/or marketing and promotional material until the non-compliance is rectified. 

  

	 	(d)	The Licensee must ensure that it operates all of its business operations according to the high standards of quality associated with the prestige and reputation of the
Licensed Marks. 

  
  

			
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	9.2	Consultation on marketing 

The Licensee will consult where reasonably practicable with the Licensor on its advertising and marketing of the goods and/or the services
under or by reference to the Licensed Marks as may be necessary to ensure co-ordination and integration with any advertising and marketing initiatives of the Licensor. The Licensee may from time to time request marketing and branding materials used
or authorised for use by the Licensor in relation to other Fox Sports branded channels outside the Territory, where the Licensee wishes to use such materials in the marketing and branding of the FOX SPORTS subscription television channels and other
FOX SPORTS programming or content services in accordance with this Agreement. Any use of such materials by the Licensee is subject to the parties’ prior agreement on the costs of the provision and use of such materials. 

 

	9.3	Device marks 

 The
Licensee acknowledges that the Licensor and its Affiliates use the “searchlight” and “searchlight with pedestal” devices (the Devices) on a global basis and that it is important for the Licensor to protect the
integrity of the Devices. If the Licensee wishes: 
  

	 	(a)	to alter in any material respect the appearance of the Devices contained in any Licensed Marks which it wishes to use; and/or 

 

	 	(b)	to require the Licensor to file additional trade mark applications incorporating material variations of the Devices in any such Licensed Mark, 

it must first consult with the Licensor and obtain its written consent to those changes. The Licensor will act reasonably and in good
faith in deciding whether to give or withhold its consent, having regard to the commercial interests of the Licensee and the need to protect the integrity of the Devices. The Licensor acknowledges and agrees that it has given its consent to the form
and appearance of the Devices in the Licensed Marks as used by the Licensee prior to the date of this Agreement. 
  

	9.4	Compliance with laws and industry standards 

 Licensee must ensure that it complies with all applicable laws and industry standards concerning the Sports Services (including the Licensed Goods), including: 

 

	 	(a)	those concerning advertising, broadcasting, telecommunications, consumer product and health and safety matters; and 

 

	 	(b)	international labour laws and standards, including ensuring that it does not (and that any permitted sub-licensees do not) use child, slave or involuntary prisoner
labour or any other form of forced, involuntary or illegal labour or engage in abusive employment or corrupt business practices in respect of such goods or services. 

  
  

			
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	10.	Dealing with the licensed marks 

  

 
  

	10.1	Importance of sub-licensing rights 

 The Licensor acknowledges that the Licensee has entered into and/or intends to enter into arrangements with a number of third parties in relation to the transmission or distribution of the FOX SPORTS
subscription television channels and other FOX SPORTS programming or content services (Content Transactions), for which it requires the right to sub-license the Licensed Marks. The Licensor also acknowledges that the Licensee may also
enter into Content Transactions or similar arrangements in the future, and the ability to sub-license the Licensed Marks is an important factor in the Licensee’s ability to enter into such transactions. 

 

	10.2	Grant of sub-licences 

The Licensee may sub-license its rights in the Licensed Marks to: 

 

	 	(a)	any person in relation to any of the Licensed Marks for the purpose of merchandising (but only in respect of Licensed Goods); or 

 

	 	(b)	any Affiliate of the Licensee; or 

  

	 	(c)	any entity which distributes or transmits the Licensee’s channels and other content services; or 

 

	 	(d)	any other entity which grants the Licensee the right to transmit sports coverage and other programming on the Licensee’s channels and other content services for
the sole purpose of promoting its connection with the Licensee and the Sports Services, 

 provided that:

  

	 	(i)	any such sub-licence is terminable immediately upon termination of the licence granted under clause 3; and 

 

	 	(ii)	the sub-licensee is bound by quality control provisions which are no less onerous than those which appear in this Agreement (or which are otherwise agreed by the
Licensor). 

  

	10.3	Other sub-licensing 

 The
Licensee may sub-license any supplier of a channel or content service or of programming forming part of a channel or content service provided or managed by the Licensee with the right to use the Licensed Marks in that channel, content service or
programming and in on-air and off-air promotions concerning that channel, content service or programming and provided that the sub-licensee is bound by quality control provisions which are no less onerous than those which appear in this Agreement
(or which are otherwise agreed by the Licensor). 
  

	10.4	Sub-licence terms 

  

	 	(a)	The Licensee shall ensure that the terms of any sub-licence are on terms which are consistent with and no less onerous than the terms of this Agreement (other than the
right to commence infringement proceedings in the name of the Licensor which must not be included in any sub-licence). 

  

	 	(b)	The Licensee will take all reasonable steps to ensure that its sub-licensees comply with all relevant obligations of the Licensee under this Agreement as if references
to the Licensee were references to its sub-licensees, and will be liable to the Licensor for any breaches of the terms of this Agreement by its sub-licensees. 

  
  

			
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	10.5	Assignment 

 Subject to
the prior written consent of the Licensor, the Licensee may assign this Agreement (and the benefit of the right to use each of the Licensed Marks) to a bona fide purchaser for value of the business of the Licensee. The parties acknowledge that it
may be reasonable for the Licensor to withhold its consent in relation to the assignment of the search light device (with or without the search light pedestal) comprised in the Licensed Marks. 

 

	10.6	Assignment by Licensor 

The Licensor may assign any of the Licensed Marks, provided it gives prior written notice to the Licensee, and provided that the assignee
enters into a written agreement with the Licensee to be bound by the terms of this Agreement. 
  

	10.7	Security 

 The Licensor
undertakes that it will not encumber any of the Licensed Marks as security. 
  

	11.	Trade Names 

  

 
  

	11.1	Corporate names 

 The
registration or use of any corporate name or business name incorporating a Derivative Mark or part thereof by the Licensee is subject to the Licensor’s prior written consent. The Licensor hereby consents to the following corporate names and
business names incorporating a Derivative Mark or part thereof used by the Licensee as at the Commencement Date: Fox Sports Australia Pty Limited; Fox Sports Venues Pty Limited; Fox Sports Australia Investments Pty Limited, Fox Sports Australia B.V.
and Fox Sports Pulse Pty Limited. 
  

	11.2	Domain Names 

  

	 	(a)	The Licensor consents to the use and registration by the Licensee and its Affiliates of: 

 

	 	(i)	the Domain Names specified in Schedule 1 Part 3; and 

  

	 	(ii)	the Licensed Marks as or as part of any other Domain Name in the .au top level domain. 

 

	 	(b)	The Licensee may request the Licensor to register domain names in the Territory on a defensive basis (that is, registering domain names containing misspellings or
typographical errors that are typically registered by cybersquatters) in order to protect its rights in the Domain Names registered pursuant to sub-clauses (i) to (ii) above. For such defensive domain name registrations:

  

	 	(i)	the Licensor shall be the administrative contact and the Licensee shall be the technical contact; 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

	 	(ii)	the Licensee will be responsible for redirecting the relevant Universal Resource Locator (“url”) to another website operated by or on behalf of the Licensee;

  

	 	(iii)	the Licensee will be solely responsible for the content, service availability and quality of any website connected with the defensive domain name registration
(including through redirection of the url); 

  

	 	(iv)	the Licensee shall bear the Licensor’s reasonable costs of registering the defensive domain name; and 

 

	 	(v)	upon termination of this Agreement, the Licensor may redirect the relevant url to any other website of the Licensor’s choosing without notice to or consultation
with the Licensee. 

  

	 	(c)	Except as permitted by clause 11.2(a) and (b), use and registration by the Licensee of the Licensed Marks as or as part of domain names (including in the .nz top level
domain) is subject to the Licensor’s prior written consent. Where such a domain name includes a word that denotes Australia, the Licensor’s consent shall not be unreasonably withheld or delayed. 

 

	11.3	Business names and corporate titles 

 Except as provided by clause 11.1 or 11.2 (and without prejudice to the provisions of the Fox Trade Mark Licence), the Licensee must not use or apply for corporate name, business name or domain name
registration of the Licensed Marks or any part of them including the word “FOX” as part of the business name or corporate title of the Licensee (or of any division or branch of the Licensee) or any of the Licensee’s Affiliates.

  

	11.4	Obligations on termination 

Subject to clause 6.8, on the termination of this Agreement, despite any consent previously given, the Licensee must do the following
(within two months of termination) in relation to a corporate or business name or Domain Name including the Licensed Marks or part of them: 
  

	 	(a)	cease carrying on business under the corporate or business name and cease using the Domain Name and any deceptively similar name or title; and 

 

	 	(b)	without limiting clause 11.4(a), where a Licensed Mark or any part of a Licensed Mark has been used as or as part of a: 

 

	 	(i)	business name, the Licensee must, in respect of each name, give the Licensor evidence of lodgement of a Notice of Cessation Under Business Name (or equivalent document)
under the relevant Act properly executed by or on behalf of the Licensee and by all other persons, if any, in relation to whom the name is registered; 

  
  

			
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	FOX SPORTS Trade Mark Licence	  	

  
  

 

	 	(ii)	corporate title, the Licensee must promptly give the Licensor evidence that: 

 

	 	(A)	an Application for Change of Name of a Company (or equivalent document) has been completed and lodged with the Australian Securities and Investments Commission;

  

	 	(B)	a new corporate name has been reserved; and 

  

	 	(C)	a special resolution that the name be changed has been passed. 

  

	 	(c)	Without limiting clause 11.4(a), if the Licensee is the registered holder of any Domain Name, the Licensee must give the Licensor evidence that it has applied to the
relevant domain name registry to have the Domain Name removed from the register or (if so requested by the Licensor and permitted by the relevant regulations) transferred to the Licensor or an Affiliate thereof. 

 

	12.	Indemnities 

  

 
  

	12.1	Licensee’s indemnity 

The Licensee shall indemnify the Licensor against each claim, action, proceeding, judgment, damage, loss, expense or liability incurred or
suffered by or brought or made or recovered against the Licensor (including without limitation reasonable legal costs) to the extent arising from: 
  

	 	(a)	the Licensee’s breach of any of its obligations under this Agreement; 

 

	 	(b)	without limiting clause 12.1(a), breach by the Licensee of any of its warranties given under this Agreement; 

 

	 	(c)	any act of fraud or wilful misconduct by or on behalf of the Licensee, its personnel or its permitted sub-licensees in connection with this Agreement;

  

	 	(d)	any negligent, unlawful or fraudulent act or omission of the Licensee, its personnel or its permitted sub-licensees in connection with this Agreement; or

  

	 	(e)	any claim by any third party against the Licensor in respect of the Licensee’s exercise of its rights under this Agreement (other than a claim that would
constitute a breach by the Licensor of clause 8.2(d) or 8.2(e)), including any claim that: 

  

	 	(i)	the content of any programmes and other content developed, produced or distributed by the Licensee under or by reference to the Licensed Marks (other than content which
is sourced from the Licensor or its Affiliates); or 

  

	 	(ii)	the operation of the Sports Services (including in respect of any Licensed Goods); or 

 

	 	(iii)	the distribution platforms utilised by the Licensee in the provision of the Sports Services, 

breaches any applicable laws or industry standards, infringe the rights of any person (including any Intellectual Property Rights, moral
rights and privacy rights) or are defamatory of any person. 

  
  

			
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	12.2	Licensor’s indemnity 

The Licensor shall indemnify the Licensee against each claim, action, proceeding, judgment, damage, loss, expense or liability incurred or
suffered by or brought or made or recovered against the Licensee (including without limitation reasonable legal costs) to the extent arising from: 
  

	 	(a)	the Licensor’s breach of any of its obligations under this Agreement; 

 

	 	(b)	without limiting clause 12.2(a), breach by the Licensor of any of its warranties given under this Agreement; 

 

	 	(c)	any act of fraud or wilful misconduct by or on behalf of the Licensor or its personnel in connection with this Agreement; or 

 

	 	(d)	any negligent, unlawful or fraudulent act or omission of the Licensor or its personnel in connection with this Agreement. 

 

	12.3	General provisions relating to indemnities 

  

	 	(a)	The indemnities in this clause 12 shall not apply to the extent that the indemnified parties suffer loss as a result of their own negligence, wilful default or breach
of the terms of this Agreement. 

  

	 	(b)	Each party (Indemnifying Party) shall be entitled to take over and conduct in the name of the other party (Indemnified Party) the defence or
settlement of any claim for which it is indemnified by the Indemnifying Party under this Agreement. Under this Agreement, the Indemnifying Party has the right to investigate any claim for which it has agreed to indemnify Indemnified Party and with
Indemnified Party’s consent, settle any claims if Indemnifying Party reasonably believes that it is proper. Indemnifying Party’s duty to defend ends however, if Indemnified Party unreasonably refuses to consent to a settlement which
Indemnifying Party recommends. Indemnified Party must then defend the claim at its own expense and negotiate any settlement, and Indemnifying Party’s liability for any settlement or judgment shall be limited to costs of the reasonable
settlement for which Indemnifying Party could have settled had Indemnified Party consented. 

  

	 	(c)	As a condition precedent to its right to be indemnified under this Agreement Indemnified Party shall do what is reasonably necessary and practicable to prevent or limit
the dissemination of material that is erroneous, false or untrue. 

  

	 	(d)	Indemnified Party shall, as a condition precedent to the right to be indemnified under this Agreement notify the Indemnifying Party in writing as soon as possible of
any claim made against the Indemnified Party whether such claim be oral or in writing and shall, upon request give Indemnifying Party such information as Indemnifying Party may reasonably require to investigate the matter so reported.

  

	 	(e)	Indemnifying Party shall be entitled to claim indemnity or contribution at any time in the name of the Indemnified Party from any party against whom the Indemnifying
Party may have such rights. 

  

	 	(f)	Indemnified Party shall not admit any liability, assume any financial obligation or payout any money for or settle any claim which Indemnifying Party is obliged to
indemnify Indemnified Party under this Agreement without the prior written consent of Indemnifying Party. If Indemnified Party does, it will be at its own expense. 

 

	 	(g)	Nothing in this Agreement requires Indemnifying Party to indemnify Indemnified Party for or in respect of government-imposed fines, penalties or taxes, or punitive or
exemplary damages. 

  
  

			
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	13.	Termination 

  

 
  

	13.1	Termination for cause 

 A
party may terminate this Agreement (other than clause 11.4 and clause 14) if any of the events listed below occurs and is not remedied within 90 days of notice from the terminating party to the other party: 

 

	 	(a)	an Insolvency Event occurs in relation to the other party; or 

  

	 	(b)	the Licensee ceases to carry on any business in the Territory; or 

  

	 	(c)	the Licensee has not made any use of any of the Licensed Marks (other than immaterial or insubstantial use) for a continuous period of two years.

  

	14.	Rights on Termination 

  

 
  

	14.1	Accrued rights 

Termination of this Agreement will be without prejudice to the rights which either party may have accrued against the other up to the date
of termination. 
  

	14.2	Cessation of use 

 After
the termination of this Agreement the Licensee will within two months of termination: 
  

	 	(a)	permanently cease to use the Licensed Marks or any marks substantially identical with or deceptively similar to the Licensed Marks (except as otherwise permitted by the
Licensor, including under the Fox Trade Mark Licence); 

  

	 	(b)	destroy all goods in the Licensee’s possession or control which bear the Licensed Marks; 

 

	 	(c)	destroy all unused stationery, business cards, advertising material and other materials which bear the Licensed Marks; 

 

	 	(d)	destroy all tools, brands, dies or files used exclusively to reproduce the Licensed Marks; 

 

	 	(e)	if requested by the Licensor, provide the Licensor with a statutory declaration made by an Authorised Officer of each Licensee confirming the destruction of the items
referred to in sub-clauses (b), (c) and (d); 

  

	 	(f)	remove or cause to be removed any sign, poster or reference to the Licensed Marks which may exist on the Licensee’s premises, vehicles, or other promotional or
display materials; and 

  

	 	(g)	cancel all references to the Licensed Marks on hoardings or other advertisements or in directories or other books of reference. 

  
  

			
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	14.3	Further consequences of expiry or termination 

 Upon expiry or termination of this Agreement: 
  

	 	(a)	the Licensor may apply to cancel any of the Licensee’s registrations as a user of any of the Licensed Marks and the Licensee consents to these cancellations and,
at the Licensor’s request, will execute consents and any other necessary or desirable documents in relation to any applications for cancellation. If the Licensee fails to execute these consents and other documents within fourteen days of a
request to do so, then the Licensee irrevocably gives the Licensor, and each of its Authorised Officers, separately, power to execute them on its behalf; and 

 

	 	(b)	the Licensee must not do anything that might lead any person to believe that it is still licensed to use any of the Licensed Marks or is in any way connected with the
Licensor. 

  

	14.4	Maintenance of Registration 

 The Licensor may maintain the registrations of the Licensed Marks, at its own cost, after termination of this Agreement. 
  

	15.	No challenge 

  

 
 The Licensee must not dispute or
challenge the validity or scope of the Licensed Marks or the Licensor’s rights in relation thereto, nor directly or indirectly assist any person to do so. This clause survives termination of this Agreement for a further period of three years.

  

	16.	Specific Performance and Injunctive Relief 

  

 
 Each party acknowledges that
damages will not be an adequate remedy for the other party for any breach of this Agreement and that a party is entitled to seek specific performance or injunctive relief as a remedy for any actual or threatened breach, in addition to any other
remedies available at law or in equity under or independently of this Agreement. 
  

	17.	Dispute Resolution 

  

 
  

	 	(a)	No party may commence litigation in relation to a dispute arising under or in connection with this Agreement before: 

 

	 	(i)	that party has issued a notice of dispute to the others; and 

  

	 	(ii)	the dispute resolution procedures set out in this clause 17 have been followed. 

 

	 	(b)	Once a notice of dispute has been issued, the parties must immediately refer the dispute to their respective senior managers to resolve. 

  
  

			
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	 	(c)	If the respective senior managers cannot resolve the dispute within 5 Business Days of the notice of dispute being issued, they must escalate the dispute by referring
it to the Chief Operating Officer of the Licensor’s nominee, Fox Sports Productions, Inc., in the case of the Licensor and the Chief Executive Officer of Fox Sports Australia Pty Limited in the case of the Licensees. 

 

	 	(d)	If the dispute is not resolved within 10 Business Days of its escalation in accordance with clause 17(c), then either party may take such action or proceedings as it
sees fit. 

  

	 	(e)	Nothing in this clause 17 shall prevent either party from seeking urgent interlocutory relief. 

 

	 	(f)	If either party commences legal proceedings against the other (whether in a court or by arbitration), all reasonable expenses and legal costs of the successful party in
the proceedings (or in any interlocutory matters related to the proceedings) will be borne by the other. 

  

	18.	No Waiver 

  

 
 No failure to exercise and no delay
in exercising any right, power or remedy under this Agreement will operate as a waiver. A single or partial exercise or waiver of the exercise of any right, power or remedy does not preclude any other or further exercise of that or any other right,
power or remedy. A waiver is not valid or binding on the party granting that waiver unless made in writing. 
  

	19.	No Agency or Partnership 

  

 
 This Agreement does not constitute
any party the agent of another or imply that the parties intend constituting a partnership, joint venture or other form of association in which any party may be liable for the acts or omissions of another. No party by virtue of this Agreement
obtains any authority to incur any obligations on behalf of, or to pledge the credit of, any other party. 
  

	20.	Notices 

  

 
 Any notice, demand, consent or
other communication given or made under this Agreement: 
  

	 	(a)	must be in writing, addressed and delivered to the intended recipient at the respective postal or fax number or email address below or the postal or email addresses or
fax number last notified by the intended recipient to the sender after the date of this Agreement: 

  

			
	Licensor	  	Twentieth Century Fox Film Corporation, Los Angeles
		
		  	Attention: Senior Vice President,

  
  

			
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		  	Intellectual Property
		
		  	Fax: (310) 969 0544,
		
		  	Address: P O Box 900, Beverly Hills, California 90213, United States of America
		
		  	Email: Mei-lan.Stark@fox.com
		
	Licensee	  	Fox Sports Australia Pty Limited and Fox Sports Australia Investments Pty Ltd
		
		  	Attention: General Counsel
		
		  	Fax: +61 2 9776 6383
		
		  	Address: 4 Broadcast Way, Artarmon NSW 2064
		
		  	Email: christina.allen@foxsports.com.au

  

	 	(b)	must be signed by an authorised officer of the sender; 

  

	 	(c)	if sent by email and is in order to serve proceedings on the other party, must be in a form which: 

 

	 	(i)	identifies the sender; 

  

	 	(ii)	is electronically signed by the sender or an authorised officer of the sender; and 

 

	 	(iii)	clearly indicates the subject matter of the notice in the subject heading of the email; 

provided that the recipient has not provided written notice to the other parties confirming that it does not wish to receive such notices
by email. The parties consent to the method of signature contained in this clause 20(c) and agree that it satisfies the requirements of applicable law for signature on service of notice by email; 

 

	 	(d)	will be taken to have been given: 

  

	 	(i)	(in the case of delivery in person) when delivered, received or left at the above address; 

 

	 	(ii)	(in the case of facsimile transmission) when recorded on the transmission result report unless: 

 

	 	(A)	within 24 hours of that time the recipient informs the sender that the transmission was received in an incomplete or garbled form; or 

 

	 	(B)	the transmission report indicates a faulty or incomplete transmission; 

  

	 	(iii)	(in the case of post) on the seventh day after the date on which the notice is accepted for posting by the relevant postal authority; and 

 

	 	(iv)	(in the case of email delivery) when delivered and on the date of completion of such delivery provided that the sender does not within 12 hours after sending such
notice (as recorded on the device from which the sender sent the email), receive any indication that delivery of the email to the intended recipient has failed. 

  
  

			
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 If delivery or receipt is on a day when commercial premises are not generally open for
business in the place of receipt or is later than 4pm (local time) on any day, the notice will be taken to have been given on the next day when commercial premises are generally open for business in the place of receipt. 

 

	21.	Severance 

  

 
 Any provision of this Agreement
which is prohibited or unenforceable in any jurisdiction will be ineffective in that jurisdiction to the extent of the prohibition or unenforceability. That will not invalidate the remaining provisions of this Agreement nor affect the validity or
enforceability of that provision in any other jurisdiction. 
  

	22.	Entire Agreement 

  

 
 This Agreement and the documents
referred to herein contain the entire agreement of the parties with respect to their subject matter. They set out the only conduct, representations, warranties, covenants, agreements or understandings (collectively Conduct) relied on
by the parties and supersede all earlier Conduct by or between the parties in connection with their subject matter. None of the parties has relied on or is relying on any other conduct in entering into this Agreement and completing the transactions
contemplated by it. None of the terms in this Agreement can be waived or modified except by an express written agreement signed by all parties. 
  

	23.	Governing Law 

  

 
 This Agreement is governed by the
laws of New York. Each party submits to the jurisdiction of courts exercising jurisdiction there, and waives any right to claim that those courts are an inconvenient forum. 

 

	24.	Further Assurances 

  

 
 At the reasonable request of
another party, each party must do anything necessary (including executing agreements and documents) to give full effect to this Agreement and the transactions contemplated by it. 

 

	25.	Counterparts 

  

 
 This Agreement may be executed in
any number of counterparts. All counterparts together will be taken to constitute one instrument. 

  
  

			
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 Schedule 1 
 Licensed Marks 
  

 
 Part 1A: Trade mark registrations and
applications 
  

					
	Registration/
application No	  	Class(es)	  	Mark
			
	721108	  	38, 41	  	FOX SPORTS
			
	810728	  	9, 16, 25, 38, 41	  	FOX SPORTS AUSTRALIA
			
	810729	  	9, 16, 25, 38, 41	  	  
 

			
	810730	  	9, 16, 25, 38, 41	  	  
 

			
	969873	  	9	  	  
 

			
	969875	  	16	  	  
 

			
	969877	  	25	  	  
 

			
	969879	  	28	  	  
 

  
  

			
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	Registration/
application No	  	Class(es)	  	Mark
			
	969880	  	38	  	  
 

			
	969881	  	41	  	  
 

			
	969882	  	9, 14, 16, 18, 21, 24, 25, 28, 38, 41	  	  
 

			
	1320005	  	9, 16, 18, 25, 28, 35, 38, 41, 42, 45	  	  
 

			
	1320007	  	38, 41	  	  
 

			
	1320009	  	38, 41	  	  
 

			
	1320012	  	38, 41	  	  
 

			
	1320014	  	9, 38, 41	  	  
 

			
	1320016	  	38, 41	  	  
 

			
	1320042	  	38, 41	  	  
 

  
  

			
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	Registration/
application No	  	Class(es)	  	Mark
			
	1320044	  	35, 38, 41	  	  
 

			
	1320046	  	35, 38, 41, 42	  	  
 

			
	1320048	  	35, 38, 39, 41	  	  
 

			
	1320049	  	35, 38, 41, 42	  	  
 

			
	1320051	  	28, 38, 41	  	  
 

			
	1320064	  	38, 41	  	  
 

  
  

			
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 Part 1B: unregistered Licensed Marks 

 

					
			
		  		  	  
 

  
 

  
 

  
 

  
 

  
 

  
 

  
 

  
 

  
  

			
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 Part 2 
 Derivative Marks 
 NOTE: The Licensor takes no responsibility for the use by Licensee
of any third party trade mark as a component of a Derivative Mark (clause 3.2). 
 FOX SPORTS AUSTRALIA 

FOX SPORTS AUSTRALIA’S SPORTS LEADER 
 FOX
SPORTS NEWS 
 FOX SPORTS NEWS TV 

FOX SPORTS TV 
 FOX SPORTS 1 

FOR SPORTS 1 HD 
 FOX SPORTS ONE 

FOX SPORTS THE ONE 
 FOX 1 SPORTS 

FOX SPORTS 2 
 FOX SPORTS 2 HD 

FOX SPORTS TWO 
 FOX 2 SPORTS 

FOX SPORTS 3 
 FOX SPORTS 3 HD 

FOX SPORTS THREE 
 FOX 3 SPORTS 

FOX SPORTS 4 
 FOX SPORTS 4 HD 

FOX SPORTS FOUR 
 FOX 4 SPORTS 

FOX SPORTS LIVE 
 FOX SPORTS LIVE IN HD

 FIRST ON FOX SPORTS 
 FIRST ON FOX
SPORTS NEWS 
 FOX SPORTS RUGBY 
 FOX
SPORTS RUGBY HQ 
 FOX SPORTS CRICKET 

FOX SPORTS LEAGUE 

  
  

			
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 FOX SPORTS FOOTBALL 
 FOX SPORTS TENNIS 
 FOX SPORTS GOLF 
 FOX SPORTS SWIMMING 
 FOX SPORTS BASKETBALL 

FOX SPORTS MOTORSPORTS 
 FOX SPORTS BOXING

 FOX SPORTS RACING 
 FOX SPORTS SHOP

 FOX SPORTS STATS 
 FOX SPORTS RADIO

 FOX SPORTS ACTIVE 
 FOX SPORTS NEWS
ACTIVE 
 FOX SPORTS DIGITAL 
 FOX
SPORTS HD 
 FOX SPORTS PLUS 
 FOX
SPORTS PLUS 1 
 FOX SPORTS PLUS 2 

FOX SPORTS PLUS 3 
 FOX SPORTS PLUS 4

 FOX SPORTS + 
 FOX SPORTS EXTRA

 FOX SPORTS TRAVEL 
 FOX SPORTS
MOBILE 
 FOX SPORTS NET 
 FOX SPORTS
BET 
 FOX SPORTS MAIL 
 FOX SPORTS
SPORTSMAIL 
 FOX SPORTS PLAY 
 FOX
SPORTS VIEW 
 FOX SPORTS MUSIC 
 FOX
SPORTS FILMS 
 FOX SPORTS VENUES 

FOX SPORTS LOCAL 

  
  

			
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 FOX SPORTS FANTASY 
 FOX SPORTS FANTASY SPORTS 
 FOX SPORTS TIPPING 

FOX SPORTS TIPPING CENTRAL 
 FOX SPORTS CREW

 FOX SPORTS SPEED 
 FOX SPORTS ON
DEMAND 
 FOX SPORTS BY DEMAND 
 FOX
SPORTS ON 
 FOX SPORTS ONLINE 
 FOX
SPORTS NOW 
 FOX SPORTS PPV 
 FOX
SPORTS FITNESS 
 FOX SPORTS COMMUNITY 

FOX SPORTS GOLD 
 FOX SPORTS WORLD 

FOX SPORTS SOCIAL 
 FOX SPORTS CENTRAL

 FOX SPORTS NRL CENTRAL 
 FOX SPORTS
HQ 
 FOX SPORTS STUDIOS 
 FOX SPORTS
SPEED TV 
 FOX SPORTS FUEL 
 FOX
SPORTS FUEL TV 
 FOX SPORTS FUEL TV LIVE 
 FOX SPORTS VIDEO 
 FOX SPORTS MATCH CENTRE 

FOX SPORTS SCORE CENTRE 
 FOX SPORTS PULSE

 FOX SPORTS VIEWERS CHOICE 
 FOX
SPORTS INFO 
 POWERED BY FOX SPORTS 

SPORTS PLAY POWERED BY FOX SPORTS 
 FOOTY PLAY
POWERED BY FOX SPORTS 

  
  

			
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 FOXSPORTS.COM.AU 
 FOX SPORTS SUPER SATURDAY 
 FOX SPORTS SUNDAY NIGHT FOOTBALL 

FOX SPORTS MONDAY NIGHT FOOTBALL 
 FOX SPORTS
SUPERCOACH 
 FOX SPORTS COACH 
 FOX
SPORTS COACH+ 
 FOX SPORTS HEROES 

FOX SPORTS ANALYSER 
 FOX SPORTS ANALYST

 Part 3 
 Domain Names

 foxsport.com.au 

foxsports.com.au 
 foxsports-crew.com.au

 foxsportscrew.com.au 

foxsportscrews.com.au 
 foxsportsnews.com.au

 foxsportsshop.com.au 

foxsportsstats.com.au 
 foxsportsvenues.com.au

 foxsportspulse.com.au 

  
  

			
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 Schedule 2 
 Trade Mark legend 
  

 
 Where reasonably practicable having regard to space
constraints: 
  

			
	If the Licensed Mark is not
registered:	  	 [trade mark]TM 
  

and, space permitting:
  
 used under licence in [Australia/New Zealand] by Fox Sports Australia Pty Limited

		
	If the Licensed Mark is
registered:	  	 [trade mark]® 
  

and, space permitting:
  
 used under licence in [Australia/New Zealand] by Fox Sports Australia Pty Limited

  
  

			
		  	Page 45

			
	FOX SPORTS Trade Mark Licence	  	

  
  

 

 Schedule 3 
 Guidelines for use of Licensed Marks 
  

 
  

	•	 	 The marks should always be highlighted in literature and advertising to draw attention to their special status as trade marks.

  

	•	 	 Use of the marks should be uniform and consistent. 

  

	•	 	 Unless otherwise approved by the Licensor, the marks should only be used as adjectives and not as nouns, verbs or descriptions of the goods or services
to which they relate. 

  

	•	 	 The marks should never be pluralised. 

  

	•	 	 The market place should be carefully and continuously monitored to identify any unauthorised use or misuse of the marks. 

  
  

			
		  	Page 46

			
	FOX SPORTS Trade Mark Licence	  	

  
  

 

 Executed in California, USA and NSW, Australia 

 

					
	Signed for Twentieth Century Fox Film Corporation by its authorised representative in the presence of:	 		 	  

	 		 	Authorised Representative Signature
			
	  
	 		 	  

	Witness Signature	 		 	Print Name
			
	  
	 		 	  

	Print Name	 		 	Position

  
  

			
		  	Page 47

			
	FOX SPORTS Trade Mark Licence	  	

  
  

 

					
	Executed in accordance with section 127 of the Corporations Act 2001 by Fox Sports Australia Pty Limited:	 		 	
			
	  
	 		 	  

	Director Signature	 		 	Director/Secretary Signature
			
	  
	 		 	  

	Print Name	 		 	Print Name
			
	  
	 		 	  

			
	Executed in accordance with section 127 of the Corporations Act 2001 by Fox Sports Investments Australia Pty Limited:	 		 	
			
	  
	 		 	  

	Director Signature	 		 	Director/Secretary Signature
			
	  
	 		 	  

	Print Name	 		 	Print Name

  
  

			
		  	Page 48

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}]]