Document:

EXHIBIT 4.1

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                              (English translation)

                              AGREEMENT CONCERNING
                   ALLOCATION OF THE STOCK ACQUISITION RIGHTS
                               OF SONY CORPORATION
                            FOR THE FISCAL YEAR 2002

        SONY CORPORATION (hereinafter referred to as the "Corporation") and
___________________ (hereinafter referred to as the "Qualified Person") enter
into this Agreement as follows in connection with allocation of the stock
acquisition rights (hereinafter referred to as the "Stock Acquisition Rights")
to be issued by the Corporation pursuant to the provisions of the terms and
conditions of the Stock Acquisition Rights (hereinafter referred to as the
"Terms and Conditions") set forth in the Exhibit 1 attached hereto and pursuant
to the special resolution adopted at the 85th Ordinary General Meeting of
Shareholders held on June 20, 2002 and the resolution adopted at the Meeting of
the Board of Directors held on November 29, 2002:

Article 1      (Purpose)

        The primary purpose of allocating the Stock Acquisition Rights to the
Qualified Person is to enhance the willingness to contribute towards the
advancement of Sony Group's business performance and thereby advance such
business performance by making the economic interest, which the Qualified Person
will receive, correspond to the business performance of the Corporation.

Article 2      (Restrictions under the Terms and Conditions of the Stock
                Acquisition Rights and this Agreement)

        The Stock Acquisition Rights shall be subject to the Terms and
Conditions and, further, exercise or disposition of the Stock Acquisition Rights
shall be subject to certain conditions and restrictions provided for in this
Agreement (including the exhibits).

Article 3      (Allocation of the Stock Acquisition Rights)

        Pursuant to this Agreement, the Corporation allocates the following
Stock Acquisition Rights to the Qualified Person in accordance with the
following terms on the execution date of this Agreement (hereinafter referred to
as the "Issue Date").

         (1)      Number of the Stock Acquisition Rights allocated to the
                  Qualified Person:

         (2)      Class and number of shares to be issued or transferred upon
                  exercise of each Stock Acquisition Right:

             100 shares of common stock of the Corporation

         In case that the Corporation splits or consolidates shares of common
         stock of the Corporation, the number of shares to be issued or
         transferred upon exercise of each Stock Acquisition Rights (hereinafter
         referred to as the "Number of Granted Shares") shall be adjusted in
         accordance with the following formula:

             Number                      Number of            Ratio of split or
             of Granted Shares     =     Granted Shares    x  consolidation
             after adjustment            before Adjustment

         Provided, however, that such adjustment shall be made only with respect
         to the outstanding Number of Granted Shares for which the Qualified
         Person has not exercised the Stock Acquisition Rights at that time. Any
         fraction not constituting one (1) share resulting from such adjustment
         shall be disregarded.

         (3)      Issue price of the Stock Acquisition Rights:

                  No consideration shall be paid.

         (4)      Amount to be paid in per share to be issued or transferred
                  upon exercise of the Stock Acquisition Rights (hereinafter
                  referred to as the "Exercise Price"):

                  5,396 yen

         Provided, however, that the Exercise Price may be adjusted pursuant to
         the provision of the Terms and Conditions.

         (5)      Period during which the Stock Acquisition Rights may be
                  exercised:

                  As provided for in Exhibit 2 attached hereto

Article 4      (Corporation and its Shares)

         (1)      Trade name of the Corporation:

                  SONY CORPORATION

         (2)      Classes of shares issued by the Corporation:

                  Shares of Common Stock

                  Shares of Subsidiary Tracking Stock (details as set forth in
                  Exhibit 3 attached hereto)

         (3)      Number of shares issued by the Corporation:

                  Shares of Common Stock                    3,500,000,000 shares

                  Shares of Subsidiary Tracking Stock         100,000,000 shares

         (4)      Number of shares constituting one unit of shares: 100 shares

Article 5      (Conditions for Exercise of the Stock Acquisition Rights
                and Prohibition of Disposition)

1. Notwithstanding Item (5) of Article 3 above, one-third of the aggregate
number of the Stock Acquisition Rights allocated to the Qualified Person (less
than one Stock Acquisition Right being rounded downward) (hereinafter referred
to as the "First Exercisable Portion") is exercisable as from and including the
commencement date (hereinafter referred to as the "Commencement Date of
Exercisable Period") of the period provided for in Item (5) of Article 3, half
of the number of the Stock Acquisition Rights after deduction of the First
Exercisable Portion from the aggregate number of the Stock Acquisition Rights
(less than one Stock Acquisition Right being rounded downward) (hereinafter
referred to as the "Second Exercisable Portion") is exercisable as from and
including December 9, 2004 and the balance of the Stock Acquisition Rights after
deduction of the First Exercisable Portion and the Second Exercisable Portion
from the aggregate number of the Stock Acquisition Rights is exercisable as from
and including December 9, 2005.

2. In case that the Qualified Person forfeits either status as a director or
employee of the Corporation or Sony Group Companies (subsidiaries and affiliates
of Sony Corporation as defined in the "Rules Concerning Terminology, Form and
Method of Preparation of Financial Statements, etc. under the Japanese
Securities and Exchange Law", hereinafter collectively referred to as the "Sony
Group Companies") by falling under any of the following restrictions, the
exercise of the Stock Acquisition Rights shall be subject to the following
items; provided, however, that in no case any Stock Acquisition Rights may be
exercised after the period provided for in Item (5) of Article 3.

         (1) In case that the Qualified Person is subject to punitive dismissal
or resignation under instruction pursuant to the rules of employment of the
Corporation or any Group Company or removed from office:

               The Qualified Person may not exercise the Stock Acquisition
Rights on and after the day on which he/she forfeits the status as a director or
employee of the Corporation or Sony Group Companies (hereinafter referred to as
the "Status Forfeit Date");

         (2) In case that the Qualified Person ceases to be a director or
employee due to his/her own death:

               The heir of the Qualified Person may exercise the Stock
Acquisition Rights which are exercisable pursuant to Paragraph 1 of this Article
as of the Status Forfeit Date (hereinafter referred to as the "Exercisable Stock
Acquisition Rights") from and including the relevant Status Forfeit Date to and
including the day on which one year after such Status Forfeit Date elapses
subject to the provision of Article 7, but may not exercise the Stock
Acquisition Rights which are not exercisable pursuant to Paragraph 1 of this
Article as of the Status Forfeit Date (hereinafter referred to as the
"Unexercisable Stock Acquisition Rights") on and after such Status Forfeit Date;
provided, however, that if the Corporation allows the heir of the Qualified
Person to exercise the Unexercisable Stock Acquisition Rights, all of the
Unexercisable Stock Acquisition Rights shall become exercisable on the Status
Forfeit Date (or the Commencement Date of Exercisable Period, if the Status
Forfeit Date falls on a day before the Commencement Date of Exercisable Period)
and the heir of the Qualified Person may exercise the Unexercisable Stock
Acquisition Rights from and including the Status Forfeit Date to and including
the day on which one year after the Status Forfeit Date elapses subject to the
provision of Article 7; and

         (3)      In case that the Qualified Person forfeits the status due to
                  any other events:

               The Qualified Person may exercise the Exercisable Stock
Acquisition Rights from and including the Status Forfeit Date to and including
the day on which one year after such Status Forfeit Date elapses, but may not
exercise the Unexercisable Stock Acquisition Rights on and after such Status
Forfeit Date; provided, however, that if the Corporation allows the Qualified
Person to exercise the Unexercisable Stock Acquisition Rights, all of the
Unexercisable Stock Acquisition Rights shall become exercisable on the Status
Forfeit Date (or the Commencement Date of Exercisable Period, if the Status
Forfeit Date falls on a day before the Commencement Date of Exercisable Period)
and the Qualified Person may exercise the Unexercisable Stock Acquisition Rights
from and including the Status Forfeit Date to and including the day on which one
year after the Status Forfeit Date elapses.

3. The Qualified Person may not exercise the Stock Acquisition Rights in the
following cases:

         (1)      In case that the Qualified Person works for a competitor of
                  the Corporation or of any Sony Group Company as such
                  competitor's officer, employee or consultant, and the Board of
                  Directors resolves not to permit the exercise by the Qualified
                  Person of the Stock Acquisition Rights allocated to such
                  Qualified Person.

         (2)      In case that the Qualified Person is regarded to have
                  performed any act of disloyalty against the Corporation or any
                  Sony Group Company.

         (3)      In case that the Qualified Person violates any provision of
                  this Agreement.

4. The Qualified Person may not be authorized to transfer, pledge or otherwise
dispose of all or part of the Stock Acquisition Rights.

Article 6      (Procedures for Exercising the Stock Acquisition Rights)

        Procedures for exercising the Stock Acquisition Rights shall be provided
for in the Terms and Conditions and Exhibit 2 attached hereto, and in addition,
detailed matters concerning such procedures shall be provided for in the "Guide
to the Sony Stock Option Program" separately provided by the Corporation and
delivered to the Qualified Person by the Corporation no later than the
Commencement Date of Exercisable Period.

Article 7      (Inheritance of the Stock Acquisition Rights)

1. In case that the Qualified Person dies, the heir of the Qualified Person may
pursuant to this Article, other provisions of this Agreement and conditions to
be provided separately by the Corporation succeed to and exercise the
outstanding Stock Acquisition Rights; provided, however, that the heir of the
Qualified Person may not exercise the Stock Acquisition Rights if the Qualified
Person has given a prior written notice to the Corporation in the form
prescribed by the Corporation to the effect that the Qualified Person does not
allow the heir to exercise the Stock Acquisition Rights. In case that the
Qualified Person dies after he/she forfeits the status due to any events
provided for in each Item of Article 5, Paragraph 2 (excluding Items (2)), the
heir of the Qualified Person may exercise the Stock Acquisition Rights during
the period from and including the Qualified Person's Status Forfeit Date to and
including the day on which the exercisable period provided for in the said each
Item elapses, to the extent that the Qualified Person may exercise as provided
for in the said each Item; provided, however, that in no case any Stock
Acquisition Rights may be exercised after the period provided for in Item (5) of
Article 3.

2. In case that there are more than one heir of the Qualified Person, the heirs
must designate one heir to succeed to the Stock Acquisition Rights (hereinafter
referred to as the "Successor").

3. In case that the Successor dies, any heir of the Successor may not exercise
the Stock Acquisition Rights.

4. Heirs of the Qualified Person must, in cooperation, file with or submit to
the Corporation the following matters and documents immediately after the
commencement of the inheritance:

         (1) Certified copy of family register, etc. (Those issued within three
months or less are required);

         (2) Seal registration certificate of the heirs (Those issued within
three months or less are required);

         (3) Legacy division agreement or any other similar document necessary
to certify the division of the legacy;

         (4) Document to verify the name and address of the Successor or in case
that the Successor resides outside Japan, his/her contact address in Japan; and

         (5) Any other matters or documents designated by the Corporation.

5. In case that no agreement in respect of the division of the legacy is reached
between or among the heirs of the Qualified Person, heirs of the Qualified
Person shall forthwith designate their representative and notify the Corporation
to such effect. In such case, the representative of the heirs shall file with or
submit to the Corporation the matters and documents mentioned in the preceding
Paragraph as soon as an agreement is reached.

6. Each provision, excluding this Article, of this Agreement shall be applicable
to the Successor to the extent of their meaning.

Article 8      (Issue of Certificate for the Stock Acquisition Rights)
        The Qualified Person shall not request the Corporation to issue
certificates for the Stock Acquisition Rights.

Article 9      (Taxes and Expenses)
        The Qualified Person shall pay all taxes or other governmental charges,
which may be imposed in connection with the exercise of the Stock Acquisition
Rights, at such Qualified Person's own expense and responsibility. This shall
apply to all costs and expenses that may arise in connection with the exercise
of the Stock Acquisition Rights.

Article 10     (Compliance with the Securities and Exchange Law, Etc.)

1. The Qualified Person shall, in case of sale of shares of common stock of the
Corporation, which such Qualified Person has acquired upon exercise of the Stock
Acquisition Rights, comply with the Securities and Exchange Law of Japan, any
other applicable laws and regulations including the matters agreed upon in
Article 11, and the Rules for Prevention of Insider Trading established by the
Corporation.

2. The Qualified Person shall, in selling the shares of common stock of the
Corporation which he or she will acquire upon exercise of the Stock Acquisition
Rights, confirm in advance with the Investor Relations of the Corporation (or
any other department of the Corporation in charge of such matters at the time),
whether or not such sale will contravene Articles 166 and/or 167 (provisions
relating to insider trading) of the Securities and Exchange Law of Japan.

Article 11     (Restrictions under the U.S. Securities Act)

        The Qualified Person hereby understands and agrees to the following
representations, and warrants and covenants for the benefit of the Corporation:

         (1)      Absence of Registration in the United States of America

         Neither the Stock Acquisition Rights nor the shares of common stock of
         the Corporation issuable or transferable upon exercise of the Share
         Subscription Rights have been registered pursuant to the U.S.
         Securities Act of 1933 (hereinafter referred to as the "Securities
         Act"), nor shall such registration be made in the future; no such
         securities shall be offered or sold in the U.S.A. or to, or for, or for
         the benefit of U.S. persons except pursuant to an exemption from
         registration under the Securities Act.

         (2)      Limitation on Sale of Shares of Common Stock of the
                  Corporation

         The shares of common stock of the Corporation issued or transferred
         upon exercise of the Share Subscription Rights may not be offered,
         sold, encumbered or otherwise disposed (including those by depositing
         the same with any depositary), except (1) on the Tokyo Stock Exchange,
         Inc., where no sales commission other than ordinary brokerage
         commission is paid and neither the selling person nor any of his or her
         agent engages in a directed selling effort in the U.S.A.; (2) in
         compliance with the exemption from registration under the Securities
         Act in accordance with Rule 144 (if applicable); (3) in the case of
         mortgage, if such mortgage is given to a Japanese financial institution
         in Japan and such institution sells the shares of common stock of the
         Corporation which are subject to such mortgage outside the U.S.A.; or
         (4) pursuant to any other applicable exemption from registration under
         the Securities Act with the consent of the Corporation.

Article 12     (Compliance with Foreign Laws and Regulations)

1. If it is necessary for the reason that the Qualified Person is deemed a
resident of any country other than Japan or for any other reason so that,
pursuant to any laws or regulations (including those of any country other than
Japan) applicable to such Qualified Person, such Qualified Person or the
Corporation shall be required to perform or comply with certain procedures for
allocating, holding or exercising the Stock Acquisition Rights thereunder, such
Qualified Person shall notify the Corporation in advance of the necessity to
perform or comply with such procedures and the contents thereof, and perform or
comply with such procedures that are required to be performed or complied with
by such Qualified Person himself or herself, and request the Corporation to
perform or comply with the procedures that are required to be performed or
complied with by the Corporation (hereinafter referred to as the "Corporation's
Procedures"). In case that the request shall be made by the Qualified Person for
the Corporation to perform or comply with the Corporation's Procedures, the
Corporation shall independently consider the necessity for the performance or
compliance, and, if the Corporation shall come to the conclusion that it is
necessary to do so, it shall perform or comply with the Corporation's
Procedures.

2. The Qualified Person shall pay for all expenses, which may arise in
connection with the procedures provided for in the immediately preceding
paragraph, and shall keep the Corporation fully indemnified against all such
costs, expenses and damages, which may arise or which the Corporation may incur
in connection with such procedures.

Article 13     (Amendment to This Agreement and Treatment of Matters Not
                Provided for in This Agreement)

1. If it is found out that this Agreement is not in compliance with the
Commercial Code, the Securities and Exchange Law, the Income Tax Law, the
Corporation Tax Law or any other related laws or regulations of Japan, or if
this Agreement becomes not in compliance therewith as a result of amendments
thereto which become effective after the conclusion of this Agreement, the
Corporation may, with notice to the Qualified Person, adequately establish,
amend or eliminate the subject provisions.

2. With respect to matters not provided for in this Agreement or the "Guide to
the Sony Stock Option Program", such matters shall be determined by consultation
in good faith between the Corporation and the Qualified Person. In the event
that the Qualified Person rejects such consultation, or in the event that such
consultation fails to bring an agreement, such matters shall be decided by the
Corporation.

Article 14     (Manner of Notice)

        Notices by the Corporation to the Qualified Person under the Terms and
Conditions and this Agreement shall be made in any of the following manners:

         (1)      delivering (including mailing) a written notice to the address
                  of the Qualified Person set forth in the register of Stock
                  Acquisition Rights;

         (2)      sending documents to the Qualified Person at his/her
                  department in the Corporation (including any Sony Group
                  Company) or sending electronic data to the e-mail address of
                  the Qualified Person at the Corporation (including any Sony
                  Group Company); or

         (3)      giving notice on the web site of the Corporation (including
                  any Sony Group Company).

Article 15     (Governing Law and Jurisdiction)

        This Agreement shall be governed by and construed in accordance with the
laws of Japan. The Tokyo District Court shall have the exclusive jurisdiction
for settling any and all disputes that arises under or in connection with this
Agreement.

IN WITNESS WHEREOF, two (2) original of this Agreement have been prepared and
executed by seal impressions or signatures by the Corporation and the Qualified
Person, each party retaining one (1) original.

December 9, 2002
                                SONY CORPORATION
                                7-35, Kitashinagawa 6-chome, Shinagawa-ku, Tokyo

                                By: ______________________
                                    Nobuyuki Idei
                                    Representative Director

                                QUALIFIED PERSON

                                By:  _____________________
                                     Name:
                                     Address:

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                              (English translation)

                                                                       Exhibit 1

                   TERMS AND CONDITIONS OF THE FIRST SERIES OF
                            STOCK ACQUISITION RIGHTS
                 FOR SHARES OF COMMON STOCK OF SONY CORPORATION

        These terms and conditions of the stock acquisition rights shall apply
to the First Series of Stock Acquisition Rights for Shares of Common Stock
(hereinafter referred to as the "Stock Acquisition Rights") of SONY Corporation
(hereinafter referred to as the "Corporation") issued on December 9, 2002 by the
Corporation in accordance with the special resolution adopted at the 85th
Ordinary General Meeting of Shareholders held on June 20, 2002 and the
resolution adopted at the Meeting of the Board of Directors held on November 29,
2002:

1. Aggregate Number of Stock    12,004
   Acquisition Rights

2. Class and Number of Shares   100 shares of common stock of the Corporation
to be Issued or Transferred
upon Exercise of Each Stock
Acquisition Right

3. Adjustment of Number of      (1) In the case that the Corporation splits or
Shares to be Issued or          consolidates its shares of common stock, the
Transferred upon Exercise of    number of shares to be issued or transferred
Each Stock Acquisition Right    upon exercise of each Stock Acquisition Right
                                (hereinafter referred to as the "Number of
                                Granted Shares") shall be adjusted in
                                accordance with the following formula:

                                Number of          Number of            Ratio of
                                Granted Shares   = Granted Shares    x  split or
                                after adjustment   before adjustment    consoli-
                                                                        dation

                                (2) An adjustment to the Number of Granted
                                Shares under the immediately preceding item
                                shall be made only with respect to the Number of
                                Granted Shares under the Stock Acquisition
                                Rights which are not exercised at the time of
                                the adjustment. Any fraction less than one (1)
                                share resulting from the adjustment shall be
                                disregarded.

                                (3) The effective date of the Number of Granted
                                Shares after adjustment shall be the same day as
                                the date provided for in item (2) of Condition 7
                                when the Exercise Price after adjustment becomes
                                effective with regard to the adjustment of the
                                Exercise Price for the same reason as the
                                adjustment of the Number of Granted Shares.

                                (4) When the Number of Granted Shares is
                                adjusted, the Corporation shall give notice of
                                necessary matters to each holder of the Stock
                                Acquisition Rights registered in the register of
                                Stock Acquisition Rights, no later than the day
                                immediately preceding the effective date of the
                                Number of Granted Shares after adjustment;
                                provided, however, that if the Corporation is
                                unable to give such notice no later than the day
                                immediately preceding such effective date, the
                                Corporation shall promptly give such notice on
                                or after such effective date.

4. Issue Price of Stock         No consideration shall be paid.
Acquisition Rights

5. Issue Date of Stock          December 9, 2002
Acquisition Rights

6. Exercise Price of Stock      The amount to be paid in per share to be issued
Acquisition Rights              or transferred upon exercise of the Stock
                                Acquisition Rights (the "Exercise Price") is
                                initially 5,396 yen.

7. Adjustment of Exercise       (1) In the case that the Corporation splits or
Price                           consolidates shares of common stock of the
                                Corporation after the issue date of the Stock
                                Acquisition Rights, the Exercise Price shall be
                                adjusted in accordance with the following
                                formula and any fraction less than one (1) yen
                                resulting from this adjustment shall be rounded
                                up to the nearest one (1) yen:

                                Exercise        Exercise                1
                                Price after  =  Price before  x  --------------
                                adjustment      adjustment       Ratio of split
                                                                or consolidation

                                (2) In case that the Exercise Price is adjusted
                                pursuant to the immediately preceding item, the
                                effective date of the Exercise Price after
                                adjustment shall be as set forth below:

                                The Exercise Price after adjustment shall become
                                effective, in case of a stock split, on and
                                after the day following the allocation date, and
                                in case of a stock consolidation, on and after
                                the day following the expiration date of the
                                period provided for in paragraph 1 of Article
                                215 of the Commercial Code of Japan; provided,
                                however, that in the case that the Corporation
                                splits shares of common stock of the Corporation
                                on condition that the agenda on transferring
                                profits available for dividend to stated capital
                                is approved by the Ordinary General Meeting of
                                Shareholders of the Corporation and the
                                allocation date for such stock split falls on
                                any day prior to the conclusion date of such
                                General Meeting of Shareholders, the Exercise
                                Price after adjustment shall, on the date
                                immediately after the conclusion date of such
                                General Meeting of Shareholders, become
                                effective retroactively from the date
                                immediately after the allocation date.

                                In the case provided for in the proviso above,
                                the number of shares of common stock of the
                                Corporation calculated in accordance with the
                                following formula shall be issued or transferred
                                to holders of the Stock Acquisition Rights that
                                exercise the Stock Acquisition Rights from the
                                day following the allocation date for the stock
                                split to the conclusion date of the relevant
                                General Meeting of Shareholders. (The number of
                                shares to be issued or transferred upon such
                                exercise of the Stock Acquisition Rights shall
                                be hereinafter referred to as the "Number of
                                Initial Shares before Approval"). In this case,
                                any fraction less than one (1) share resulting
                                from such adjustment shall be disregarded.

Number of
shares to be                                                     Number of
additionally                                                     Initial Shares
issued or         Exercise Price     --   Exercise Price     x   before
transferred    =  before adjustment       after adjustment       Approval
                  --------------------------------------------------------------
                                     Exercise Price after adjustment

                                (3) In addition to the cases in item (1) of this
                                Condition where the Exercise Price is required
                                to be adjusted, the Exercise Price shall be
                                adjusted in the manner deemed to be appropriate
                                by the Corporation in the following cases.

                                      (i) When the Exercise Price is required to
                                          be adjusted in case of merger, capital
                                          reduction, or company split (split by
                                          new incorporation or by absorption) of
                                          the Corporation.

                                     (ii) In addition to item (i) above, when
                                          the Exercise Price is required to be
                                          adjusted for the reason of occurrence
                                          of events that shall cause or may
                                          cause a change to the total number of
                                          issued shares of common stock of the
                                          Corporation.

                                (4) When the Exercise Price is adjusted, the
                                Corporation shall give notice of necessary
                                matters to each holder of the Stock Acquisition
                                Rights registered in the register of Stock
                                Acquisition Rights, no later than the day
                                immediately preceding the effective date of the
                                Exercise Price after adjustment; provided,
                                however, that if the Corporation is unable to
                                give such notice no later than the day
                                immediately preceding such effective date, the
                                Corporation shall promptly give such notice on
                                or after such effective date.

8. Period during which Stock    From and including December 9, 2003 to and
Acquisition Rights May be       including December 8, 2012. If the last day of
                                such period falls on a holiday of the
                                Corporation, the immediately preceding
                                Exercised business day shall be the last day of
                                such period.

9. Conditions for Exercise of   (1) Each Stock Acquisition Right may not be
Stock Acquisition Rights        exercised in part.

                                (2) If share exchange or share transfer by which
                                the Corporation becomes a wholly-owned
                                subsidiary of another company is approved at the
                                meeting of shareholders of the Corporation,
                                holders of the Stock Acquisition Rights may not
                                exercise the Stock Acquisition Rights on and
                                after the date of such share exchange or share
                                transfer.

10. Restrictions under the      Neither the Stock Acquisition Rights nor the
U.S. Securities Act and Other   shares of common stock of the Corporation
Matters                         issuable or transferable upon exercise of the
                                Share Subscription Rights have been registered
                                pursuant to the U.S. Securities Act of 1933
                                (hereinafter referred to as the "Securities
                                Act"), nor shall such registration be made in
                                the future; no such securities shall be offered
                                or sold in the U.S.A. or to, or for, or for the
                                benefit of U.S. persons except pursuant to an
                                exemption from registration under the Securities
                                Act. The shares of common stock of the
                                Corporation issued or transferred upon exercise
                                of the Share Subscription Rights may not be
                                offered, sold, encumbered or otherwise disposed
                                (including those by depositing the same with any
                                depositary), except (1) on the Tokyo Stock
                                Exchange, Inc., where no sales commission other
                                than ordinary brokerage commission is paid and
                                neither the selling person nor any of his or her
                                agent engages in a directed selling effort in
                                the U.S.A.; (2) in compliance with the exemption
                                from registration under the Securities Act in
                                accordance with Rule 144 (if applicable); (3) in
                                the case of mortgage, if such mortgage is given
                                to a Japanese financial institution in Japan and
                                such institution sells the shares of common
                                stock of the Corporation which are subject to
                                such mortgage outside the U.S.A.; or (4)
                                pursuant to any other applicable exemption from
                                registration under the Securities Act with the
                                consent of the Corporation.

11. Cancellation of Stock       The Corporation may at any time acquire the
Acquisition Rights              Stock Acquisition Rights and cancel them without
                                any consideration.

12. Restrictions on Transfer    The Stock Acquisition Rights are
of Stock Acquisition Rights     nontransferable, unless such transfer is
                                expressly approved by the Board of Directors of
                                the Corporation.

13. Application for Exercise    (1) In case of exercise of the Stock Acquisition
of Stock Acquisition Rights     Rights, the holder of the Stock Acquisition
and Manner of Payment           Rights shall fill in necessary matters on the
                                "Application Form for Exercise of the Stock
                                Acquisition Rights" in the form designated by
                                the Corporation, and shall submit such
                                application form (including application for
                                exercise of the Stock Acquisition Rights in an
                                electromagnetic manner) to the place where
                                applications for exercise of the Stock
                                Acquisition Rights are made as provided for in
                                Condition 14, after affixing his or her name and
                                seal or signature (including electronic
                                signature) thereon. If certificates for the
                                Stock Acquisition Rights to be exercised are
                                issued, the certificates shall be submitted
                                together with the Application Form for Exercise
                                of the Stock Acquisition Rights. The Application
                                Form for Exercise of the Stock Acquisition
                                Rights shall be accepted at the place where
                                applications for exercise of the Stock
                                Acquisition Rights are made only on a business
                                day of such place.

                                (2) The entire amount of the Exercise Price of
                                shares of common stock of the Corporation to be
                                issued or transferred upon exercise of the Stock
                                Acquisition Rights (hereinafter referred to as
                                the "Amount of Payment") shall be paid in cash
                                to an account designated by the Corporation
                                (hereinafter referred to as the "Designated
                                Account") at the payment handling place provided
                                for in Condition 15 by the date and time
                                designated by the Corporation.

                                (3) Any holder of the Stock Acquisition Rights
                                who has submitted the documents required for
                                exercise of the Stock Acquisition Rights to the
                                place where applications for exercise of the
                                Stock Acquisition Rights are made, may not
                                cancel such exercise thereafter.

14. Place Where Applications    Corporate Human Resources (or any division in
for Exercise of Stock           charge of the relevant service from time to
Acquisition Rights are Made     time) of Sony Corporation.

15. Payment Handling Place on   The head office of Sumitomo Mitsui Banking
Exercise of Stock Acquisition   Corporation (or any successor bank of such bank
Rights                          from time to time and/or any successor office of
                                such office).

16. Effective Date and Time     (1) Exercise of the Stock Acquisition Rights
of Exercise of Stock            shall come into effect when the Application Form
Acquisition Rights              for Exercise of the Stock Acquisition Rights,
                                that is accepted at the place where applications
                                for exercise of the Stock Acquisition Rights are
                                made, is delivered to the payment handling place
                                and the Amount of Payment provided for in
                                Condition 13 is duly paid to the Designated
                                Account.

                                (2) The Corporation shall deliver the share
                                certificates without delay after the procedure
                                for exercise of the Stock Acquisition Rights is
                                completed; provided, however, that the
                                Corporation shall not deliver share certificates
                                for shares constituting less than one (1) full
                                unit of shares.

17. Calculation of Dividend     With respect to the initial payment of dividends
on Shares Issued upon Exercise  and cash distribution as provided in Article
of Stock Acquisition Rights     293-5 of the Commercial Code of Japan (interim
                                dividends) on shares of common stock of the
                                Corporation issued upon exercise of the Stock
                                Acquisition Rights, such shares shall be deemed
                                to have been issued, in case that the Stock
                                Acquisition Rights are exercised during the
                                period from April 1 to September 30 every year,
                                on April 1 of the relevant year, and in case
                                that the Stock Acquisition Rights are exercised
                                during the period from October 1 to March 31 of
                                the following year, on October 1 of the relevant
                                year.

18. Portion of Issue Price of   The portion of the issue price of shares which
Shares which Will not be        will not be accounted for as stated capital
Accounted for as Stated         shall be the amount obtained by reducing the
Capital in Case Shares are      amount which will be accounted for as stated
Issued upon Exercise of Stock   capital from the Exercise Price (if the Exercise
Acquisition Rights              Price is adjusted under Condition 7, the
                                Exercise Price after adjustment). The amount to
                                be accounted for as stated capital shall be the
                                amount obtained by multiplying the Exercise
                                Price (if the Exercise Price is adjusted, the
                                Exercise Price after adjustment) by 0.5 and any
                                fraction less than one (1) yen resulting from
                                such calculation shall be rounded up to the
                                nearest yen.

19. Issue of Certificates for   Certificates for Stock Acquisition Rights shall
Stock Acquisition Rights        be issued only when a holder of the Stock
                                Acquisition Rights requests the Corporation to
                                issue such certificates of Stock Acquisition
                                Rights.

20. Loss or Other Cases of      (1) In case that any holder of the Stock
Certificates for Stock          Acquisition Rights that has lost the certificate
Acquisition Rights              for Stock Acquisition Rights notifies the
                                Corporation its certificate number and the
                                reason for loss and other matters and requests
                                the issue and delivery of a replacement
                                certificate for Stock Acquisition Rights
                                together with a certified copy of the judgment
                                of nullification of the subject lost
                                certificate, the Corporation may issue and
                                deliver a replacement certificate for Stock
                                Acquisition Rights.

                                (2) In case of destruction or defacement of the
                                certificate for Stock Acquisition Rights, the
                                holder of such destroyed or defaced certificate
                                for Stock Acquisition Rights shall request the
                                issue and delivery of a replacement certificate
                                for Stock Acquisition Rights by submitting such
                                destroyed or defaced certificate. In such case,
                                the Corporation shall issue and deliver a
                                replacement certificate for Stock Acquisition
                                Rights in exchange for such destroyed or defaced
                                certificate for Stock Acquisition Rights;
                                provided, however, that the provision above for
                                loss of the certificate for Stock Acquisition
                                Rights shall apply mutatis mutandis when it is
                                difficult to determine whether such destroyed or
                                defaced certificate for Stock Acquisition Rights
                                is genuine or not.

21. Expenses of Delivery of     In case of issue and delivery of a replacement
Replacement Certificates for    certificate for Stock Acquisition Rights, the
Share Acquisition Certificates  Corporation shall collect the actual expenses
                                required therefor from the person who so
                                requested.

22. Handling of Matters         In case that the Corporation abolishes the unit
Relating to Abolition of the    share system after the issue date of the Stock
Unit Share System               Acquisition Rights, the Corporation may take
                                necessary measures for handling the related
                                matters thereto in the manner deemed as
                                appropriate by the Corporation in accordance
                                with the provisions of the Commercial Code of
                                Japan and in consistent to these terms and
                                conditions.

<PAGE>

                              (English translation)

                                                      Exhibit 2 (Tax Ineligible)

        Set forth below are the provisions concerning the conditions and
restrictions of exercise or disposition of the Stock Acquisition Rights provided
for in Article 2 of the Agreement Concerning Allocation of the Stock Acquisition
Rights of Sony Corporation for the fiscal year 2002 (hereinafter referred to as
the "Agreement") and the period during which the Stock Acquisition Rights may be
exercised, which is provided for in Item 5 of Article 3 of the Agreement. Unless
otherwise provided for, the terms used in this Exhibit 2 shall have the same
meaning as used in the Agreement.

1. (Period during which the Stock Acquisition Rights may be exercised)

The Qualified Person may exercise the Stock Acquisition Rights during the period
from and including December 9, 2003 to and including December 8, 2012 (if the
last day of such period falls on a holiday of the Corporation, the immediately
preceding business day shall be the last day of such period, subject to the
restriction of exercise provided for in Paragraph 1 of Article 5 of the
Agreement.).

2. (Method of delivery of share certificates)

The shares that the Qualified Person acquires upon exercise of the Stock
Acquisition Rights shall be delivered through the account which the Qualified
Person opens in his/her name at a sales office or a business office of a
securities company, etc. for custody of the shares with respect to the stock
option pursuant to the arrangements for delegation of custody of the shares
entered into between the Corporation and such securities company, etc.
Information on such securities company, etc. is described in the "Guide to the
Sony Stock Option Program" provided for in Article 6 of the Agreement.

<PAGE>

                              (English translation)

                                                                       Exhibit 3

Details of the shares of Subsidiary Tracking Stock provided for in Item 2 of
Article 4 of the Agreement Concerning Allocation of the Stock Acquisition Rights
of Sony Corporation (hereinafter referred to as the "Corporation") for the
Fiscal Year 2002 shall be as follows:

(1) In the event that the Board of Directors of Sony Communication Network
Corporation (hereinafter referred to as "SCN") resolves to submit to its
ordinary general meeting of shareholders a proposed appropriation of retained
earnings including the payment of dividends for the accounting period of SCN
ending on or immediately prior to the last day of an accounting period of the
Corporation, the Corporation, for such accounting period of the Corporation,
shall pay to the holders and/or the registered pledgees of the shares of
Subsidiary Tracking Stock (hereinafter referred to as the "Shares of Subsidiary
Tracking Stock") whose names appear on the register of shareholders as of the
close of the last day of each accounting period, the smaller amount of the
following (i) or (ii) as dividends per share of Subsidiary Tracking Stock
(hereinafter referred to as the "Dividends for Subsidiary Tracking Stock") with
priority to the payment of dividends to the holders and/or the registered
pledgees of shares of Common Stock of the Corporation whose names appear on the
register of shareholders as of the close of the last day of each accounting
period:

          (i) The amount obtained by multiplying the amount of dividends per
share of Common Stock of SCN (hereinafter referred to as the "Shares of Common
Stock of SCN") under the relevant proposed appropriation of retained earnings by
the Standard Ratio (initially 0.01, which Ratio shall be subject to adjustment
pursuant to (13) below) as of the end of the relevant accounting period;
provided, however, that if the amount of the Interim Dividends for Subsidiary
Tracking Stock (as defined below) paid for the relevant accounting period is
less than the amount provided for in the principal provision of (2) below, the
amount of such shortfall shall be added thereto.

          (ii) The amount obtained by multiplying one hundred thousand yen
(100,000 yen) by the Standard Ratio mentioned above; provided, however, that if
the Interim Dividends for Subsidiary Tracking Stock are paid for the relevant
accounting period, the amount of such payment shall be deducted therefrom
(hereinafter referred to as the "Maximum Dividend Amount of Subsidiary Tracking
Stock").

(2) In the event that SCN's Board of Directors resolves to pay interim dividends
with respect to the most recent record date for payment of SCN's interim
dividends on or before September 30 every year (hereinafter referred to as the
"Record Date for Interim Dividends"), the Corporation shall pay to the holders
and/or the registered pledgees of the Shares of Subsidiary Tracking Stock, whose
names appear on the register of shareholders as of the close of such Record Date
for Interim Dividends, a cash distribution (referred to as the "Interim
Dividends for Subsidiary Tracking Stock") per share of Subsidiary Tracking Stock
in an amount obtained by multiplying the amount of the interim dividends per
share of the Common Stock of SCN resolved by SCN's Board of Directors by the
Standard Ratio as of such Record Date for Interim Dividends, with priority to
the holders and/or the registered pledgees of Common Stock of the Corporation
whose names appear on the register of shareholders as of the close of such
Record Date for Interim Dividends; provided, however, that the amount of such
Interim Dividends for Subsidiary Tracking Stock to be paid shall not exceed the
amount obtained by multiplying one hundred thousand yen (100,000 yen) by the
Standard Ratio as of the relevant Record Date for Interim Dividends.

(3) Although the Dividends for Subsidiary Tracking Stock are not paid for a
certain accounting period because SCN's Board of Directors has not resolved to
submit a proposed appropriation of retained earnings including the payment of
dividends to its ordinary general meeting of shareholders, the Corporation may
pay dividends to the holders and/or the registered pledgees of the Common Stock
of the Corporation.

(4) If the amount of the Dividends for Subsidiary Tracking Stock paid with
respect to a certain accounting period is less than the amount determined
pursuant to (i) of (1) above, such shortfall shall be cumulated as dividends for
subsequent periods (hereinafter referred to as the "Cumulative Unpaid
Dividends") and the Corporation shall pay to the holders and/or the registered
pledgees of Subsidiary Tracking Stock the Cumulative Unpaid Dividends subject to
the Maximum Dividend Amount of Subsidiary Tracking Stock as its maximum amount,
with priority to the payment of the Dividends for Subsidiary Tracking Stock and
dividends to the holders and/or the registered pledgees of Common Stock for each
subsequent accounting period. Any unpaid amount of the Cumulative Unpaid
Dividends shall be cumulated as the Cumulative Unpaid Dividends for subsequent
periods. In case of the new issuance of the Shares of Subsidiary Tracking Stock,
the amount equivalent to the Cumulative Unpaid Dividends shall be regarded as
the Cumulative Unpaid Dividends to such newly issued Shares of Subsidiary
Tracking Stock. If any Cumulative Unpaid Dividends are paid for a certain
accounting period, the Dividends for Subsidiary Tracking Stock shall be
determined subject to the amount obtained by deducting such paid Cumulative
Unpaid Dividends from the Maximum Dividend Amount of Subsidiary Tracking Stock
as the Maximum Dividend Amount of Subsidiary Tracking Stock as provided for in
(ii) of (1) above.

(5) No additional dividends other than the Dividends for Subsidiary Tracking
Stock shall be paid with respect to the Shares of Subsidiary Tracking Stock.

(6) In distributing the residual assets, as long as they include the Shares of
Common Stock of SCN, the Corporation shall distribute to the holders and/or the
registered pledgees of Subsidiary Tracking Stock, per share of the Subsidiary
Tracking Stock, the number of Shares of Common Stock of SCN obtained by
multiplying one (1) by the Standard Ratio as of the distribution date of the
residual assets, or the amount obtained by way of disposition of such Shares of
Common Stock of SCN (the costs required for the disposition shall be deducted
therefrom), with priority to the distribution of any residual assets to the
holders and/or the registered pledgees of Common Stock of the Corporation. No
additional distribution of residual assets other than those prescribed above
shall be made with respect to the Shares of Subsidiary Tracking Stock.

(7) The Corporation may, at any time, purchase the Shares of Subsidiary Tracking
Stock and retire them at the purchase price of such shares with the profit
distributable as dividends to shareholders.

(8) The Corporation may compulsorily retire all the Shares of Subsidiary
Tracking Stock on any date following the third anniversary of June 20, 2001 and
determined by the Board of Directors of the Corporation by paying per share of
the Subsidiary Tracking Stock, the amount equivalent to the Standard Market
Price (as defined below) of the Shares of Subsidiary Tracking Stock to the
holders and/or the registered pledgees of the Subsidiary Tracking Stock, with
its profit distributable as dividends to shareholders or in accordance with
provisions concerning capital reduction.

(9) The Corporation may compulsorily convert, on any date following the third
anniversary of June 20, 2001 and determined by the Board of Directors of the
Corporation, each Share of Subsidiary Tracking Stock into the shares of Common
Stock of the Corporation in the number obtained by dividing the number obtained
by multiplying the Standard Market Price (as defined below) of the Shares of
Subsidiary Tracking Stock by 1.1 by the Standard Market Price (as defined below)
of the shares of Common Stock of the Corporation; provided, however, that such
conversion shall be implemented only in cases where the Common Stock of the
Corporation is listed on or registered at the stock exchange or over-the-counter
market as prescribed in the Articles of Incorporation of the Corporation
(hereinafter referred to as the "Stock Exchange").

(10) The "Standard Market Price" shall mean the average of the closing prices of
the relevant shares on the Stock Exchange determined in the method prescribed in
the Articles of Incorporation.

(11) The Corporation shall, without delay, compulsorily retire all the Shares of
Subsidiary Tracking Stock or compulsorily convert them into the shares of Common
Stock of the Corporation pursuant to (8) and (9) above if any of the following
events occur; provided, however, that such compulsory retirement or compulsory
conversion shall be made without delay on any day after the occurrence of any of
the following events and determined by the Board of Directors to resolve such
compulsory retirement or compulsory conversion notwithstanding (8) and (9)
above:

              (i) SCN disposes of, by way of transfer or otherwise, those assets
with value not less than eighty percent (80%) of the consolidated total assets
on SCN's consolidated balance sheet (or the total assets on SCN's balance sheet
if SCN does not prepare a consolidated balance sheet) for the most recent
accounting period or those businesses where the consolidated net sales on SCN's
consolidated income statement (or the net sales on SCN's income statement if SCN
does not prepare a consolidated income statement) for the most recent accounting
period is anticipated to decrease not less than eighty percent (80%); provided,
however, that the disposition of such assets or businesses to a company whose
issued shares are all, directly or indirectly, owned by SCN are excluded;

              (ii) SCN ceases to be a subsidiary of the Corporation;

              (iii) a situation continues for at least three (3) months where
the total number of the Shares of Common Stock of SCN directly owned by the
Corporation are less than the number obtained by multiplying the total number of
the Shares of Subsidiary Tracking Stock by the Standard Ratio;

              (iv) SCN makes a resolution to dissolve;

              (v) SCN files a petition in bankruptcy or other similar procedure,
or a declaration of bankruptcy or other similar court decision is made with
respect to SCN; or

              (vi) an event that falls within the requirements for the delisting
or the cancellation of registration of the Shares of Subsidiary Tracking Stock
occurs at all the Stock Exchanges where the Shares of Subsidiary Tracking Stock
are listed or registered.

(12) The Corporation shall, without delay, compulsorily retire all the Shares of
Subsidiary Tracking Stock or compulsorily convert them into the Shares of Common
Stock of the Corporation pursuant to (8) and (9) above if the listing or
registration of the shares of Common Stock of SCN on a Stock Exchange is
approved; provided, however, that such compulsory retirement or compulsory
conversion shall be made on the day immediately preceding the day of such
listing or registration or on any prior day determined by the Board of Directors
of the Corporation notwithstanding (8) and (9) above. The Corporation may
compulsorily retire all the Shares of the Subsidiary Tracking Stock on the day
of such listing or registration or on any prior day determined by the Board of
Directors of the Corporation by delivering per share of the Subsidiary Tracking
Stock, the Shares of Common Stock of SCN in the number obtained by multiplying
one (1) by the Standard Ratio as of such day or determined day, with its profit
distributable as dividends to the shareholders or in accordance with the
provisions concerning capital reduction.

(13) The Standard Ratio shall be adjusted in accordance with the method
prescribed in the Articles of Incorporation of the Corporation in cases where
the Shares of the Subsidiary Tracking Stock are to be issued at a price less
than the market price, the Shares of the Common Stock of SCN are to be issued at
a price less than the market price, or otherwise prescribed in the Articles of
Incorporation.

(14) The Corporation may consolidate or split the shares of Common Stock of the
Corporation and/or the Shares of Subsidiary Tracking Stock. The Corporation may
grant the shareholders of Common Stock the right to subscribe for shares of
Common Stock and/or the shareholders of Subsidiary Tracking Stock the right to
subscribe for Shares of Subsidiary Tracking Stock. The Corporation may make
stock splits with respect to the shares of Common Stock and the Shares of
Subsidiary Tracking Stock at the same time in different split ratios. In
addition, the Corporation may grant the shareholders of Common Stock the right
to subscribe for shares of Common Stock and the shareholders of Subsidiary
Tracking Stock the right to subscribe for Shares of Subsidiary Tracking Stock at
the same time on different terms.

(15) Details with respect to the Shares of Subsidiary Tracking Stock shall be
subject to the details prescribed in the Articles of Incorporation of the
Corporation.EXHIBIT 4.2

<PAGE>

                              AGREEMENT CONCERNING

                   ALLOCATION OF THE STOCK ACQUISITION RIGHTS
                               OF SONY CORPORATION
                            FOR THE FISCAL YEAR 2002

        SONY CORPORATION (hereinafter referred to as the "Corporation") and
___________________ (hereinafter referred to as the "Qualified Person") enter
into this Agreement as follows in connection with the allocation of the stock
acquisition rights (hereinafter referred to as the "Options") to be issued by
the Corporation pursuant to the provisions of the terms and conditions of the
Options (hereinafter referred to as the "Terms and Conditions") set forth in the
Exhibit 1 attached hereto and pursuant to the special resolution adopted at the
85th Ordinary General Meeting of Shareholders held on June 20, 2002 and the
resolution adopted at the Meeting of the Board of Directors held on March 28,
2003:

Article 1      (Purpose and Administration)

        The primary purpose of allocating the Options to the Qualified Person is
to enhance the willingness of the Qualified Person to contribute towards the
advancement of Sony Group's business performance and thereby advance such
business performance by making the economic interest, which the Qualified Person
will receive, correspond to the business performance of the Corporation. This
Agreement and the Terms and Conditions shall be administered by the Corporation,
and such representative directors or other persons as the Corporation may
designate from time to time to represent the Corporation in respect of this
Agreement, the Terms and Conditions and Options.

Article 2      (Restrictions under the Terms and Conditions and this Agreement)

        The Options shall be subject to (1) the Terms and Conditions, which are
attached to this Agreement as Exhibit 1 and form an integral part of this
Agreement, and (2) the conditions and restrictions provided for in this
Agreement. The Qualified Person agrees to be bound by the conditions and
restrictions set forth in the Terms and Conditions and this Agreement.
Notwithstanding the provisions of the Terms and Conditions, the exercise of the
Options is further subject to such additional conditions as set forth herein. In
particular, the exercise is subject to the restrictions under Articles 5 and 7.

Article 3      (Allocation of the Options)

        Pursuant to this Agreement, the Corporation allocates the following
Options to the Qualified Person in accordance with the following terms on the
execution date of this Agreement (hereinafter referred to as the "Issue Date").

          (1)  Number of Options allocated to the Qualified Person:

               (________ shares may be issued or transferred upon the exercise
               by the Qualified Person of all Options allocated to the Qualified
               Person pursuant to this Agreement.)

          (2)  Class and number of shares to be issued or transferred upon
               exercise of each Option:

               100 shares of common stock of the Corporation

          (3)  Amount to be paid per share to be issued or transferred upon
               exercise of each Option (hereinafter referred to as the "Exercise
               Price") is initially:

               US$36.57

          (4)  Period during which the Options may be exercised:

               From and including April 1, 2003, to and including March 31, 2013
               (the "Term"), however, exercise of the Options is subject to the
               restrictions provided for in Article 5.

The number of shares to be issued or transferred upon exercise of each Option
and the Exercise Price payable upon the exercise of each Option may be adjusted
pursuant to the provisions of the Terms and Conditions.

Article 4      (Information on Corporation and its Shares)

        Basic information on the Corporation and its shares is as set forth in
Exhibit 2 attached hereto.

Article 5      (Vesting, Conditions for Exercise of the Options and Prohibition
                of Disposition)

          (1)  Exercise of the Options is further subject to the restrictions as
               set forth in Exhibit 3 attached hereto.

          (2)  Except as provided in Article 7, the Options, whether vested or
               unvested, are nontransferable by the Qualified Person.

Article 6      (Procedures for Exercising the Options)

        Procedures for exercising the Options shall be provided for in the Terms
and Conditions, and in addition, detailed matters concerning such procedures
shall be provided for in a "Guide to the Sony Stock Option Program" separately
provided by the Corporation or one of its subsidiaries and delivered to the
Qualified Person by the Corporation or one of its subsidiaries no later than the
date on which the Options held by the Qualified Person first become exercisable.

Article 7      (Inheritance of the Options)

        Upon the death of the Qualified Person, outstanding Options granted to
such Qualified Person may be exercised only by the executors or administrators
of the Qualified Person's estate or by any person or persons who shall have
acquired such right to exercise by will or by the laws of descent and
distribution, provided that no transfer by will or the laws of descent and
distribution of any Option, or the right to exercise any Option, shall be
effective to bind the Corporation unless the Corporation shall have been
furnished with (a) written notice thereof and with a copy of the will and/or
such evidence as the Corporation may deem necessary to establish the validity of
the transfer and (b) an agreement by the transferee to comply with all the terms
and conditions of the Option that are or would have been applicable to the
Qualified Person and to be bound by the acknowledgements made by the Qualified
Person in connection with the grant of the Option.

Article 8      (Issue of Certificate for the Options)

        The Qualified Person shall not request the Corporation to issue
certificates for the Options.

Article 9      (Issuance of ADRs)

        The Corporation currently maintains an American Depositary Receipt
program in the United States pursuant to which American Depositary Receipts or
"ADRs" represent shares of common stock of the Corporation. During the time the
Corporation maintains an American Depositary Receipt program in the United
States, the Qualified Persons who exercise Options will generally receive ADRs
in lieu of shares of common stock as follows. Upon exercise of an Option,
certificates for shares of common stock acquired upon the exercise of such
Option shall be issued in the name of the depositary under the Sony American
Depositary Receipt program in the name of, and for the benefit of, the Qualified
Person. Upon receipt of shares of common stock upon the exercise of an Option,
the depositary under the Sony American Depositary Receipt Program shall
immediately and automatically issue ADRs representing such shares of common
stock in the name of the applicable Qualified Person and shall deliver such ADRs
to such Qualified Person (or to an account held for the benefit of such
Qualified Person) as soon as practicable following the effective date on which
such issuance occurs. For simplicity, all references in this Agreement and the
Terms and Conditions to common stock will be deemed to also refer to ADRs.

Article 10     (Treatment in the Events of Merger and Consolidation)

1. In the event of (a) any consolidation or amalgamation of the Corporation
with, or merger of the Corporation into, any other corporation (other than a
consolidation, amalgamation or merger in which the Corporation is the continuing
corporation) or (b) any other corporate transaction (excluding any transaction
described in (a) above, a share exchange or share transfer) involving the
Corporation, including a dissolution or liquidation of the Corporation, a sale
of all or substantially all of the Corporation's assets, corporate separation,
or any other similar transaction, the Corporation may (x) cause the entity
resulting from such transaction to execute an agreement providing that a holder
of the Options shall have the right during the Term to exercise the Options and
upon exercise to receive the class and amount of shares, and other securities
and property receivable upon such transaction by a holder of the number of
shares in respect of which the Options could have been exercised immediately
prior to such transaction or (y) prevent from being exercised, effective
immediately upon the occurrence of such transaction, each Option outstanding
immediately prior to such transaction (whether or not then exercisable).

2. In the event that the Corporation enters into a definitive agreement or makes
a decision by board resolution or approval of shareholders' meeting to
effectuate one or more of the transactions or events described in (a) or (b) in
the immediately preceding paragraph (in this paragraph 2, including share
exchange and share transfer), the Corporation may provide not less than twenty
days advance notice to the Qualified Person of the consummation of such
transaction or event and give the Qualified Person the opportunity to exercise
their options (whether or not such options are then vested or exercisable),
immediately prior to, and subject to, the consummation of such transaction or
event.

Article 11     (Withholding by the Corporation)

        In connection with Condition 13(2), the Corporation or its designee is
authorized to withhold from any payment relating to an Option or from any
payroll or other payment to a holder, amounts of withholding and other taxes or
fees due in connection with the Option, and to take any other action as the
Corporation may deem advisable to enable the Corporation and the holder to
satisfy obligations for the payment of withholding taxes, other tax obligations
and other costs and fees relating to the Options. This authority shall include,
in the Corporation's discretion, authority to withhold or receive shares of
common stock of the Corporation or other property and to make cash payments in
respect thereof in satisfaction of the holder's tax obligations and other costs
and fees relating to the Options, either on a mandatory or elective basis in the
discretion of the Corporation.

Article 12     (Compliance with the Applicable Securities Law, Etc.)

        The Qualified Person shall, in selling the shares of common stock of the
Corporation acquired upon exercise of the Options, confirm in advance with the
Corporation that such proposed sale is permissible under any and all applicable
policies, programs, arrangements or other provisions relating to insider trading
maintained by the Corporation or any of its subsidiaries and shall comply with
any and all applicable laws and regulations, including but not limited to U.S.
and Japanese laws.

Article 13     (Amendment to This Agreement and Treatment of Matters Not
                Provided for in This Agreement)

1. If it is found out that this Agreement is not in compliance with the
Commercial Code, the Securities and Exchange Law, the Income Tax Law, the
Corporation Tax Law or any other related laws or regulations of Japan or any
applicable laws of any other jurisdiction, or if this Agreement becomes not in
compliance therewith as a result of amendments thereto which become effective
after the conclusion of this Agreement, the Corporation may, with notice to the
Qualified Person, adequately establish, amend or eliminate the subject
provisions.

2. With respect to matters not provided for in this Agreement or the "Guide to
the Sony Stock Option Program", such matters shall be determined by consultation
in good faith between the Corporation and the Qualified Person. In the event
that the Qualified Person rejects such consultation, or in the event that such
consultation fails to bring an agreement, such matters shall be decided by the
Corporation and such representative director or other persons as the Corporation
may designate from time to time to represent the Corporation in respect of the
Terms and Conditions, Options and this Agreement. Decisions of the Corporation
or such representative directors or other persons as the Corporation may
designate from time to time to represent the Corporation in respect of the Terms
and Conditions, the Options and this Agreement shall be final and binding on all
parties. None of the Corporation or such representative directors or other
persons as the Corporation may designate from time to time to represent the
Corporation in respect of the Terms and Conditions, the Options or this
Agreement shall be liable to any Qualified Person for any action, omission or
determination relating to the Terms and Conditions, the Options or this
Agreement.

Article 14     (Manner of Notice)

        Notices by the Corporation to the Qualified Person under the Terms and
Conditions and this Agreement shall be made in any of the following manners:

          (1)  delivering (including mailing) a written notice to the address of
               the Qualified Person set forth in the register of Options;

          (2)  sending documents to the Qualified Person at his/her department
               in the Corporation (including any Sony Group Company) or sending
               electronic data to the e-mail address of the Qualified Person at
               the Corporation (including any Sony Group Company); or

          (3)  giving notice on the web site of the Corporation (including any
               Sony Group Company).

Article 15     (Governing Law and Jurisdiction)

        This Agreement shall be governed by and construed in accordance with the
laws of Japan. The Tokyo District Court shall have the exclusive jurisdiction
for settling any and all disputes that arises under or in connection with this
Agreement.

<PAGE>

IN WITNESS WHEREOF, this Agreement and the grant of Options provided for herein
shall be effective as of the date that two (2) originals of this Agreement have
been prepared and executed by seal impressions or signatures by the Corporation
and the Qualified Person, each party retaining one (1) original.

                                SONY CORPORATION
                                7-35, Kitashinagawa 6-chome, Shinagawa-ku, Tokyo

                                By: /s/ Nobuyuki Idei
                                    -----------------
                                    Nobuyuki Idei
                                    Representative Director
                                    Date:  March 31, 2003

                                QUALIFIED PERSON

                                By: ______________________________
                                    Name:

                                    Address:
                                    Date:  March 31, 2003

<PAGE>

                                                                       Exhibit 1

                   TERMS AND CONDITIONS OF THE THIRD SERIES OF
                            STOCK ACQUISITION RIGHTS
                 FOR SHARES OF COMMON STOCK OF SONY CORPORATION

       These terms and conditions of the stock acquisition rights shall apply to
the Third Series of Stock Acquisition Rights for Shares of Common Stock
(hereinafter referred to as the "Options") of Sony Corporation (hereinafter
referred to as the "Corporation") issued on March 31, 2003 by the Corporation in
accordance with the special resolution adopted at the 85th Ordinary General
Meeting of Shareholders held on June 20, 2002 and the resolution adopted at the
Meeting of the Board of Directors held on March 28, 2003:

1.   Aggregate Number of Options

     o    14,475

2.   Class and Number of Shares to be Issued or Transferred upon Exercise of
     Each Option

          100 shares of common stock of the Corporation (hereinafter referred to
          as "Common Stock")

3.   Adjustment of Number of Shares to be Issued or Transferred upon Exercise of
     Each Option

     (1)  In the case that the Corporation splits or consolidates its Common
          Stock, the number of shares to be issued or transferred upon exercise
          of each Option (hereinafter referred to as the "Number of Granted
          Shares per Option") shall be adjusted in accordance with the following
          formula:

      Number of Granted Shares  =  Number of Granted Shares  X   Ratio of split
      per Option after             per Option before                  or
      adjustment                   adjustment                    consolidation

     (2)  An adjustment to the Number of Granted Shares per Option under the
          immediately preceding item shall be made only with respect to the
          Options that have not been exercised prior to or at the time of the
          adjustment. Any fraction less than one (1) share resulting from the
          adjustment shall be disregarded.

     (3)  The effective date of the Number of Granted Shares per Option after
          adjustment shall be the same day as the date provided for in item (2)
          of Condition 7 when the Exercise Price after adjustment becomes
          effective with regard to the adjustment of the Exercise Price for the
          same reason as the adjustment of the Number of Granted Shares per
          Option.

     (4)  When the Number of Granted Shares per Option is adjusted, the
          Corporation shall give notice of necessary matters to each holder of
          the Options registered in the register of Options, no later than the
          day immediately preceding the effective date of the Number of Granted
          Shares per Option after adjustment; provided, however, that if the
          Corporation is unable to give such notice no later than the day
          immediately preceding such effective date, the Corporation shall
          promptly give such notice on or after such effective date.

4.   Issue Price of Options

     The Options are issued without the payment to the Corporation of any
consideration.

5.   Issue Date of Options

     March 31, 2003

6.   Exercise Price of Options

          The amount to be paid in per share to be issued or transferred upon
          exercise of the Options (the "Exercise Price") is initially US$36.57.

7.   Adjustment of Exercise Price

     (1)  In the case that the Corporation splits or consolidates shares of
          Common Stock after the issue date of the Options, the Exercise Price
          shall be adjusted in accordance with the following formula and any
          fraction less than one (1) cent resulting from this adjustment shall
          be rounded up to the nearest one (1) cent:

          Exercise Price after  =   Exercise Price before X    1
          adjustment                adjustment              --------
                                                         Ratio of split or
                                                           consolidation

     (2)  In case that the Exercise Price is adjusted pursuant to the
          immediately preceding item, the effective date of the Exercise Price
          after adjustment shall be as set forth below:

          The Exercise Price after adjustment shall become effective, in case of
          a stock split, on and after the day following the allocation date, and
          in case of a stock consolidation, on and after the day following the
          expiration date of the period provided for in paragraph 1 of Article
          215 of the Commercial Code of Japan; provided, however, that in the
          case that the Corporation splits shares of Common Stock on condition
          that the agenda on transferring profits available for dividends to
          stated capital is approved by the Ordinary General Meeting of
          Shareholders of the Corporation and the allocation date for such stock
          split falls on any day prior to the conclusion date of such General
          Meeting of Shareholders, the Exercise Price after adjustment shall, on
          the date immediately after the conclusion date of such General Meeting
          of Shareholders, become effective retroactively from the date
          immediately after the allocation date.

          In the case provided for in the proviso above, the number of shares of
          Common Stock calculated in accordance with the following formula shall
          be issued or transferred to holders of the Options that exercise the
          Options from the day following the allocation date for the stock split
          to the conclusion date of the relevant General Meeting of
          Shareholders. (The number of shares to be issued or transferred upon
          such exercise of the Options shall be hereinafter referred to as the
          "Number of Initial Shares before Approval"). In this case, any
          fraction less than one (1) share resulting from such adjustment shall
          be disregarded.

Number of
shares to be
additionally                                                     Number of
issued or  =     (Exercise Price    --  Exercise Price after  x  Initial  Shares
transferred      (before adjustment     adjustment               before Approval
                 ---------------------------------------------------------------
                                         Exercise Price after adjustment

     (3)  In addition to the cases in item (1) of this Condition where the
          Exercise Price is required to be adjusted, the Exercise Price shall be
          adjusted in the manner deemed to be appropriate by the Corporation in
          the following cases.

          (i)  When the Exercise Price is required to be adjusted in case of
               merger, capital reduction, or company split (split by new
               incorporation or by absorption) of the Corporation.

          (ii) In addition to item (i) above, when the Exercise Price is
               required to be adjusted for the reason of occurrence of events
               that shall cause or may cause a change to the total number of
               shares of issued Common Stock.

     (4)  When the Exercise Price is adjusted, the Corporation shall give notice
          of necessary matters to each holder of the Options registered in the
          register of Options, no later than the day immediately preceding the
          effective date of the Exercise Price after adjustment; provided,
          however, that if the Corporation is unable to give such notice no
          later than the day immediately preceding such effective date, the
          Corporation shall promptly give such notice on or after such effective
          date.

8.   Period during which Options May be Exercised

     From and including April 1, 2003, to and including March 31, 2013. If the
     last day of such period falls on a holiday of the Corporation, the
     immediately preceding business day shall be the last day of such period.

9.   Conditions for Exercise of Options

     (1)  Each Option may not be exercised in part.
     (2)  If share exchange or share transfer by which the Corporation becomes a
          wholly-owned subsidiary of another company is approved at the General
          Meeting of Shareholders of the Corporation, holders of the Options may
          not exercise the Options on and after the date of such share exchange
          or share transfer.

10.  Restrictions under the U.S. Securities Act and Other Matters

     The Corporation shall not be obligated to effect the registration pursuant
     to the U.S. Securities Act of 1933, as amended, of any Common Stock to be
     issued or transferred upon exercise of the Options or to effect similar
     compliance under any state laws. Notwithstanding anything herein to the
     contrary, the Corporation shall not be obligated to issue or cause to be
     issued or delivered any certificates evidencing Common Stock pursuant to
     these Terms and Conditions unless and until the Corporation is advised by
     its legal counsel that the issuance and delivery of such certificates is in
     compliance with all applicable laws, regulations of governmental
     authorities and the requirements of any securities exchange on which Common
     Stock are traded. The Corporation may require, as a condition to the
     issuance and transfer of Common Stock pursuant to the Terms and Conditions,
     that the recipient of such Common Stock make such covenants, agreements and
     representations, and that such certificates bear such legends, as the
     Corporation deems necessary or desirable.

     The exercise of any Option granted hereunder shall only be effective at
     such time as counsel to the Corporation shall have determined that the
     issuance and transfer of Common Stock pursuant to such exercise is in
     compliance with all applicable laws, regulations of governmental authority
     and the requirements of any securities exchange on which Common Stock is
     traded. The Corporation may, in its sole discretion, defer the
     effectiveness of the exercise of a Option granted hereunder to allow the
     issuance and transfer of Common Stock pursuant thereto to be made pursuant
     to registration or an exemption from registration or other methods for
     compliance available under federal or state securities laws. The
     Corporation shall inform the holder of a Option in writing of a decision to
     defer the effectiveness of the exercise of an Option granted hereunder.
     During the period that the effectiveness of the exercise of a Option has
     been deferred, the holder may, by written notice, withdraw such exercise
     and obtain the refund of any amounts paid in connection with the proposed
     exercise.

11.  Cancellation of Options

     The Corporation may acquire the Options from a holder of the Options
     without any payment therefor when the holder agrees to return the Options
     to the Corporation and the Corporation may cancel them.

12.  Restrictions on Transfer of Options

     The Options are nontransferable (other than any transfer upon the death of
     the Qualified Person to such Qualified Person's estate or beneficiaries),
     unless such transfer is expressly approved by the Board of Directors of the
     Corporation.

13.  Application for Exercise of Options and Manner of Payment

     (1)  In case of exercise of the Options, the holder of the Options shall
          fill in necessary matters on the "Application Form for Exercise of the
          Options" in the form designated by the Corporation, and shall submit
          such application form (including application for exercise of the
          Options in an electromagnetic manner) to the place where applications
          for exercise of the Options are made as provided for in Condition 14,
          after affixing his or her name and seal or signature (including
          electronic signature) thereon. If certificates for the Options to be
          exercised are issued, the certificates shall be submitted together
          with the Application Form for Exercise of the Options. The Application
          Form for Exercise of the Options shall be accepted at the place where
          applications for exercise of the Options are made only on a business
          day of such place.

     (2)  The entire amount of the Exercise Price of Common Stock to be issued
          or transferred upon exercise of the Options, including any applicable
          taxes and all other costs or fees associated with the exercise
          (hereinafter referred to as the "Amount of Payment") shall be paid in
          cash to an account designated by the Corporation (hereinafter referred
          to as the "Designated Account") at the payment handling place provided
          for in Condition 15 by the date and time designated by the
          Corporation. The entitlement of a holder to the receipt of Common
          Stock upon the exercise of a Option is subject to the payment in full
          of any federal, state, local and foreign taxes of any kind required to
          be withheld with respect to the exercise of any Option, as well as the
          payment of any costs or fees (such as brokerage fees) associated with
          the exercise of such Option.

     (3)  Except as provided for in Condition 10, any holder of the Options who
          has submitted the documents required for exercise of the Options to
          the place where applications for exercise of the Options are made, may
          not cancel such exercise thereafter.

14.  Place Where Applications for Exercise of Options are Made

     Sony Corporation of America Human Resources, or its duly authorized
     designee.

15.  Payment Handling Place on Exercise of Options

     Sumitomo Mitsui Banking Corporation, Head Office (or any successor bank of
     such bank from time to time and/or any successor office of such office)

16.  Effective Date and Time of Exercise of Options

     (1)  Except as provided for in Condition 10, exercise of the Options shall
          come into effect when the Application Form for Exercise of the
          Options, that is accepted at the place where applications for exercise
          of the Options are made, is delivered to the payment handling place
          and the Amount of Payment provided for in Condition 13 is duly paid to
          the Designated Account.

     (2)  The Corporation shall deliver the share certificates without delay
          after the procedure for exercise of the Options is completed;
          provided, however, that the Corporation shall not deliver share
          certificates for shares constituting less than one (1) full unit of
          shares.

17.  Calculation of Dividend on Shares Issued upon Exercise of Options

     With respect to any annual dividend or interim dividend (being a cash
     distribution pursuant to Article 293-5 of the Commercial Code of Japan) on
     Common Stock issued upon exercise of the Options, such shares shall be
     deemed to have been issued, in case that the Options are exercised during
     the period from April 1 to September 30 every year, on April 1 of the
     relevant year, and in case that the Options are exercised during the period
     from October 1 to March 31 of the following year, on October 1 of the
     relevant year.

18.  Portion of Issue Price of Shares which Will not be Accounted for as Stated
     Capital in Case Shares are Issued upon Exercise of Options

     The portion of the issue price of shares which will not be accounted for as
     stated capital shall be the amount obtained by reducing the amount which
     will be accounted for as stated capital from the Exercise Price (if the
     Exercise Price is adjusted under Condition 7, the Exercise Price after
     adjustment). The amount to be accounted for as stated capital shall be the
     amount obtained by multiplying the Exercise Price (if the Exercise Price is
     adjusted, the Exercise Price after adjustment) by 0.5 and any fraction less
     than one (1) cent resulting from such calculation shall be rounded up to
     the nearest cent.

19.  Issue of Certificates for Options

     Certificates for Options shall be issued only when a holder of the Options
     requests the Corporation to issue such certificates of Options

20.  Loss or Other Cases of Certificates for Options

     (1)  In case that any holder of the Options that has lost the certificate
          for any Options notifies the Corporation its certificate number and
          the reason for loss and other matters and requests the issue and
          delivery of a replacement certificate for such Options together with a
          certified copy of the judgment of nullification of the subject lost
          certificate, the Corporation may issue and deliver a replacement
          certificate for such Options.

     (2)  In case of destruction or defacement of the certificate for any
          Options, the holder of such destroyed or defaced certificate for such
          Options shall request the issue and delivery of a replacement
          certificate for such Options by submitting such destroyed or defaced
          certificate. In such case, the Corporation shall issue and deliver a
          replacement certificate for such Options in exchange for such
          destroyed or defaced certificate for such Options; provided, however,
          that the provision above for loss of the certificate for such Options
          shall apply mutatis mutandis when it is difficult to determine whether
          such destroyed or defaced certificate for such Options is genuine or
          not.

21.  Expenses of Delivery of Replacement Certificates for Share Acquisition
     Certificates

     In case of issue and delivery of a replacement certificate for Options, the
     Corporation shall collect the actual expenses required therefor from the
     person who so requested, unless such expenses are paid for by another
     entity, which may include the Corporation or its subsidiary or affiliate.

22.  Handling of Matters Relating to Abolition of the Unit Share System

     In case that the Corporation abolishes the unit share system after the
     issue date of the Options, the Corporation may take necessary measures for
     handling the related matters thereto in the manner deemed as appropriate by
     the Corporation in accordance with the provisions of the Commercial Code of
     Japan and in consistent to these terms and conditions.

<PAGE>

                                                                       Exhibit 2

                  Information on the Corporation and its Shares

1.   Trade name of the Corporation:

     SONY CORPORATION

2.   Classes of shares issued by the Corporation:

     Shares of Common Stock

     Shares of Subsidiary Tracking Stock (details as set forth below)

3.   Number of shares issued by the Corporation:

     Shares of Common Stock                             3,500,000,000 shares

     Shares of Subsidiary Tracking Stock                  100,000,000 shares

4. Number of shares constituting one unit of shares:              100 shares

Details of the Shares of Subsidiary Tracking Stock are as follows:

(1)  In the event that the Board of Directors of Sony Communication Network
     Corporation (hereinafter referred to as "SCN") resolves to submit to its
     ordinary general meeting of shareholders a proposed appropriation of
     retained earnings including the payment of dividends for the accounting
     period of SCN ending on or immediately prior to the last day of an
     accounting period of the Corporation, the Corporation, for such accounting
     period of the Corporation, shall pay to the holders and/or the registered
     pledgees of the shares of Subsidiary Tracking Stock (hereinafter referred
     to as the "Shares of Subsidiary Tracking Stock") whose names appear on the
     register of shareholders as of the close of the last day of each accounting
     period, the smaller amount of the following (i) or (ii) as dividends per
     share of Subsidiary Tracking Stock (hereinafter referred to as the
     "Dividends for Subsidiary Tracking Stock") with priority to the payment of
     dividends to the holders and/or the registered pledgees of shares of Common
     Stock of the Corporation whose names appear on the register of shareholders
     as of the close of the last day of each accounting period:

     (i)  The amount obtained by multiplying the amount of dividends per share
          of Common Stock of SCN (hereinafter referred to as the "Shares of
          Common Stock of SCN") under the relevant proposed appropriation of
          retained earnings by the Standard Ratio (initially 0.01, which Ratio
          shall be subject to adjustment pursuant to (13) below) as of the end
          of the relevant accounting period; provided, however, that if the
          amount of the Interim Dividends for Subsidiary Tracking Stock (as
          defined below) paid for the relevant accounting period is less than
          the amount provided for in the principal provision of (2) below, the
          amount of such shortfall shall be added thereto.

     (ii) The amount obtained by multiplying one hundred thousand yen (100,000
          yen) by the Standard Ratio mentioned above; provided, however, that if
          the Interim Dividends for Subsidiary Tracking Stock are paid for the
          relevant accounting period, the amount of such payment shall be
          deducted therefrom (hereinafter referred to as the "Maximum Dividend
          Amount of Subsidiary Tracking Stock").

(2)  In the event that SCN's Board of Directors resolves to pay interim
     dividends with respect to the most recent record date for payment of SCN's
     interim dividends on or before September 30 every year (hereinafter
     referred to as the "Record Date for Interim Dividends"), the Corporation
     shall pay to the holders and/or the registered pledgees of the Shares of
     Subsidiary Tracking Stock, whose names appear on the register of
     shareholders as of the close of such Record Date for Interim Dividends, a
     cash distribution (referred to as the "Interim Dividends for Subsidiary
     Tracking Stock") per share of Subsidiary Tracking Stock in an amount
     obtained by multiplying the amount of the interim dividends per share of
     the Common Stock of SCN resolved by SCN's Board of Directors by the
     Standard Ratio as of such Record Date for Interim Dividends, with priority
     to the holders and/or the registered pledgees of Common Stock of the
     Corporation whose names appear on the register of shareholders as of the
     close of such Record Date for Interim Dividends; provided, however, that
     the amount of such Interim Dividends for Subsidiary Tracking Stock to be
     paid shall not exceed the amount obtained by multiplying one hundred
     thousand yen (100,000 yen) by the Standard Ratio as of the relevant Record
     Date for Interim Dividends.

(3)  Although the Dividends for Subsidiary Tracking Stock are not paid for a
     certain accounting period because SCN's Board of Directors has not resolved
     to submit a proposed appropriation of retained earnings including the
     payment of dividends to its ordinary general meeting of shareholders, the
     Corporation may pay dividends to the holders and/or the registered pledgees
     of the Common Stock of the Corporation.

(4)  If the amount of the Dividends for Subsidiary Tracking Stock paid with
     respect to a certain accounting period is less than the amount determined
     pursuant to (i) of (1) above, such shortfall shall be cumulated as
     dividends for subsequent periods (hereinafter referred to as the
     "Cumulative Unpaid Dividends") and the Corporation shall pay to the holders
     and/or the registered pledgees of Subsidiary Tracking Stock the Cumulative
     Unpaid Dividends subject to the Maximum Dividend Amount of Subsidiary
     Tracking Stock as its maximum amount, with priority to the payment of the
     Dividends for Subsidiary Tracking Stock and dividends to the holders and/or
     the registered pledgees of Common Stock for each subsequent accounting
     period. Any unpaid amount of the Cumulative Unpaid Dividends shall be
     cumulated as the Cumulative Unpaid Dividends for subsequent periods. In
     case of the new issuance of the Shares of Subsidiary Tracking Stock, the
     amount equivalent to the Cumulative Unpaid Dividends shall be regarded as
     the Cumulative Unpaid Dividends to such newly issued Shares of Subsidiary
     Tracking Stock. If any Cumulative Unpaid Dividends are paid for a certain
     accounting period, the Dividends for Subsidiary Tracking Stock shall be
     determined subject to the amount obtained by deducting such paid Cumulative
     Unpaid Dividends from the Maximum Dividend Amount of Subsidiary Tracking
     Stock as the Maximum Dividend Amount of Subsidiary Tracking Stock as
     provided for in (ii) of (1) above.

(5)  No additional dividends other than the Dividends for Subsidiary Tracking
     Stock shall be paid with respect to the Shares of Subsidiary Tracking
     Stock.

(6)  In distributing the residual assets, as long as they include the Shares of
     Common Stock of SCN, the Corporation shall distribute to the holders and/or
     the registered pledgees of Subsidiary Tracking Stock, per share of the
     Subsidiary Tracking Stock, the number of Shares of Common Stock of SCN
     obtained by multiplying one (1) by the Standard Ratio as of the
     distribution date of the residual assets, or the amount obtained by way of
     disposition of such Shares of Common Stock of SCN (the costs required for
     the disposition shall be deducted therefrom), with priority to the
     distribution of any residual assets to the holders and/or the registered
     pledgees of Common Stock of the Corporation. No additional distribution of
     residual assets other than those prescribed above shall be made with
     respect to the Shares of Subsidiary Tracking Stock.

(7)  The Corporation may, at any time, purchase the Shares of Subsidiary
     Tracking Stock and retire them at the purchase price of such shares with
     the profit distributable as dividends to shareholders.

(8)  The Corporation may compulsorily retire all the Shares of Subsidiary
     Tracking Stock on any date following the third anniversary of June 20, 2001
     and determined by the Board of Directors of the Corporation by paying per
     share of the Subsidiary Tracking Stock, the amount equivalent to the
     Standard Market Price (as defined below) of the Shares of Subsidiary
     Tracking Stock to the holders and/or the registered pledgees of the
     Subsidiary Tracking Stock, with its profit distributable as dividends to
     shareholders or in accordance with provisions concerning capital reduction.

(9)  The Corporation may compulsorily convert, on any date following the third
     anniversary of June 20, 2001 and determined by the Board of Directors of
     the Corporation, each Share of Subsidiary Tracking Stock into the shares of
     Common Stock of the Corporation in the number obtained by dividing the
     number obtained by multiplying the Standard Market Price (as defined below)
     of the Shares of Subsidiary Tracking Stock by 1.1 by the Standard Market
     Price (as defined below) of the shares of Common Stock of the Corporation;
     provided, however, that such conversion shall be implemented only in cases
     where the Common Stock of the Corporation is listed on or registered at the
     stock exchange or over-the-counter market as prescribed in the Articles of
     Incorporation of the Corporation (hereinafter referred to as the "Stock
     Exchange").

(10) The "Standard Market Price" shall mean the average of the closing prices of
     the relevant shares on the Stock Exchange determined in the method
     prescribed in the Articles of Incorporation.

(11) The Corporation shall, without delay, compulsorily retire all the Shares of
     Subsidiary Tracking Stock or compulsorily convert them into the shares of
     Common Stock of the Corporation pursuant to (8) and (9) above if any of the
     following events occur; provided, however, that such compulsory retirement
     or compulsory conversion shall be made without delay on any day after the
     occurrence of any of the following events and determined by the Board of
     Directors to resolve such compulsory retirement or compulsory conversion
     notwithstanding (8) and (9) above:

     (i)  SCN disposes of, by way of transfer or otherwise, those assets with
          value not less than eighty percent (80%) of the consolidated total
          assets on SCN's consolidated balance sheet (or the total assets on
          SCN's balance sheet if SCN does not prepare a consolidated balance
          sheet) for the most recent accounting period or those businesses where
          the consolidated net sales on SCN's consolidated income statement (or
          the net sales on SCN's income statement if SCN does not prepare a
          consolidated income statement) for the most recent accounting period
          is anticipated to decrease not less than eighty percent (80%);
          provided, however, that the disposition of such assets or businesses
          to a company whose issued shares are all, directly or indirectly,
          owned by SCN are excluded;

     (ii) SCN ceases to be a subsidiary of the Corporation;

    (iii) a situation continues for at least three (3) months where the total
          number of the Shares of Common Stock of SCN directly owned by the
          Corporation are less than the number obtained by multiplying the total
          number of the Shares of Subsidiary Tracking Stock by the Standard
          Ratio;

     (iv) SCN makes a resolution to dissolve;

     (v)  SCN files a petition in bankruptcy or other similar procedure, or a
          declaration of bankruptcy or other similar court decision is made with
          respect to SCN; or

     (vi) an event that falls within the requirements for the delisting or the
          cancellation of registration of the Shares of Subsidiary Tracking
          Stock occurs at all the Stock Exchanges where the Shares of Subsidiary
          Tracking Stock are listed or registered.

(12) The Corporation shall, without delay, compulsorily retire all the Shares of
     Subsidiary Tracking Stock or compulsorily convert them into the Shares of
     Common Stock of the Corporation pursuant to (8) and (9) above if the
     listing or registration of the shares of Common Stock of SCN on a Stock
     Exchange is approved; provided, however, that such compulsory retirement or
     compulsory conversion shall be made on the day immediately preceding the
     day of such listing or registration or on any prior day determined by the
     Board of Directors of the Corporation notwithstanding (8) and (9) above.
     The Corporation may compulsorily retire all the Shares of the Subsidiary
     Tracking Stock on the day of such listing or registration or on any prior
     day determined by the Board of Directors of the Corporation by delivering
     per share of the Subsidiary Tracking Stock, the Shares of Common Stock of
     SCN in the number obtained by multiplying one (1) by the Standard Ratio as
     of such day or determined day, with its profit distributable as dividends
     to the shareholders or in accordance with the provisions concerning capital
     reduction.

(13) The Standard Ratio shall be adjusted in accordance with the method
     prescribed in the Articles of Incorporation of the Corporation in cases
     where the Shares of the Subsidiary Tracking Stock are to be issued at a
     price less than the market price, the Shares of the Common Stock of SCN are
     to be issued at a price less than the market price, or otherwise prescribed
     in the Articles of Incorporation.

(14) The Corporation may consolidate or split the shares of Common Stock of the
     Corporation and/or the Shares of Subsidiary Tracking Stock. The Corporation
     may grant the shareholders of Common Stock the right to subscribe for
     shares of Common Stock and/or the shareholders of Subsidiary Tracking Stock
     the right to subscribe for Shares of Subsidiary Tracking Stock. The
     Corporation may make stock splits with respect to the shares of Common
     Stock and the Shares of Subsidiary Tracking Stock at the same time in
     different split ratios. In addition, the Corporation may grant the
     shareholders of Common Stock the right to subscribe for shares of Common
     Stock and the shareholders of Subsidiary Tracking Stock the right to
     subscribe for Shares of Subsidiary Tracking Stock at the same time on
     different terms.

(15) Details with respect to the Shares of Subsidiary Tracking Stock shall be
     subject to the details prescribed in the Articles of Incorporation of the
     Corporation.

<PAGE>

                                                                       Exhibit 3

                             [Intentionally Omitted]

<PAGE>

                                                                       Exhibit 4

               [Applicable to optionees in certain jurisdictions]

The Qualified Person confirms the following matters pursuant to Article 13 of
the Allocation Agreement.

1.   (Employment Contract)
     I understand that allotment of Options is discretionary and is not part of
     my employment contract, unless my employment contract expressly states
     otherwise.

     I understand that there is no guarantee that I will be granted a stock
     acquisition right or any other Option in the future. The Sony Corporation
     Stock Acquisition Rights Plan (the "Plan") may cease to be operated in the
     future although any existing Options granted under such Plan that I may
     have will continue in accordance with the Allocation Agreement and all
     Exhibits thereto, including but not limited to the Terms and Conditions.

     I know that I will have no right to claim compensation for any loss
     suffered in respect of any existing or future benefits I may receive under
     the Plan, except as set out in the relevant plan documentation.

2.   (Data Protection)
     This statement relates to information I have given on this form and to any
     other information which I provide to the Corporation, companies in the Sony
     group (including my employer) or which they hold about me, in relation to
     the Plan. Subject to legislative requirements, the information may be
     retained after my Option is exercised or cancelled. I understand that I can
     contact Secretariat of Stock Option Plan, Employee Relations, Corporate
     Human Resources, Sony Corporation or the Human Resources Department of Sony
     Corporation of America (in accordance with the contact information provided
     to me under separate cover), if I have any queries in respect of this
     statement.

     I understand that the information provided to the Corporation, the
     companies in the Sony group (including my employer), and/or to their duly
     authorized third party designee(s) retained for the purpose of assisting
     the Corporation or the Sony group companies with administration of the
     Options and provided in relation to the Plan will be used in relation to
     the administration of my Option under the Plan.

     The Corporation and/or any of the companies in the Sony group (including my
     employer) may give essential information to others (including people acting
     as your agents) where this is necessary for the administration of the Plan
     on the understanding that they will keep the information confidential.

     In order to process the information the Corporation and/or companies in the
     Sony group (including my employer) may transfer the information to other
     countries, including the United States, provided that I am assured the same
     level of protection which I would enjoy in my home country.

     I understand that I have a right to access certain information that you
     hold about me and in order to exercise this right, I can contact
     Secretariat of Stock Option Plan, Employee Relations, Corporate Human
     Resources, Sony Corporation or the Human Resources Department of Sony
     Corporation of America (in accordance with the contact information provided
     to me under separate cover).

3.   (Payment of Tax, Social Security or Other Amounts)
     I authorize the Corporation and companies in the Sony group (including my
     employer) to withhold any amounts or make such arrangements, including the
     sale of any shares, on my behalf as are necessary to meet any liability to
     taxation, social security or other amounts in respect of my participation
     in the stock incentive plan.

4.   (Tax Filings)
     By signing the Allocation Agreement I agree to:
     (1) make all neccessary personal tax filings in the territory where I am
     tax resident in relation to this plan;

     (2) make any required foreign exchange filings or notifications in relation
     to my holding of rights under the plan in the territory where I am foreign
     exchange resident; and

     (3) comply with any requirements to notify my employing company of my
     interests in rights relating to shares of the Corporation (whether these
     requirements are based on the internal rules of the relevant employing
     company or on the general law).

5.   (Pensions)
     I understand and agree that this grant of Options to me will not affect my
     pension rights in any way. No additional contributions will be made by the
     Corporation or by any other member of the Sony group (including my
     employer) as a result of my participation in this Plan. Any pension I may
     receive will not be increased by my participation in this Plan.

6.  (Tax Treatment)
     I understand and agree that neither the Corporation nor any member of the
     Sony group (including my employer) has arranged for any special tax
     treatment to apply to these Options. The Options are not tax qualified in
     any particular jurisdiction.

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