Document:

Eleventh Supplemental Indenture

 Exhibit 4.4 
  

 

  
 NEWS AMERICA INCORPORATED, 
  
  
 Company, 
  
  
 NEWS CORPORATION, 
 NEWS AUSTRALIA HOLDINGS PTY LIMITED, 
 FEG HOLDINGS, INC., 
 FOX ENTERTAINMENT GROUP, INC., 
 NEWS AMERICA MARKETING FSI, LLC, 
 NEWS PUBLISHING AUSTRALIA LIMITED,

  
  
 Guarantors 
  
  
 and 
  
  
 THE BANK OF NEW YORK, 
  
  
 Trustee 
  
  

  
  
 ELEVENTH SUPPLEMENTAL INDENTURE 
  
  
 Dated as of March 21, 2005 
 Amending and Supplementing the 
 Amended and Restated Indenture 
 Dated as of March 24, 1993 
  
  

  
  
 Senior Securities 
  

 ELEVENTH SUPPLEMENTAL INDENTURE, dated as of March 21 2005, among News America Incorporated, a
Delaware corporation (the “Company”), with its principal office located at 1211 Avenue of the Americas, New York, NY 10036, News Corporation, a Delaware corporation (“News Corporation”), News Australia Holdings Pty
Limited, an Australia corporation (ABN 32 105 197 028) (“NAHPL”), FEG Holdings, Inc., a Delaware corporation, Fox Entertainment Group, Inc. (formerly known as Fox Acquisition Corp.), a Delaware corporation (“New
FEG”), News America Marketing FSI, LLC, a Delaware limited liability company, News Publishing Australia Limited, a Delaware corporation, and The Bank of New York, a New York banking corporation (the “Trustee”), amending and
supplementing the Amended and Restated Indenture, dated as of March 24, 1993 (the “Original Indenture”), among the Company, the guarantors named therein and the Trustee, which provided for the issuance from time to time of the
Company’s senior debt securities to be issued in one or more series as provided therein. (The Original Indenture, as supplemented by the First Supplemental Indenture, dated as of May 20, 1993, the Second Supplemental Indenture, dated as of
May 28, 1993, the Third Supplemental Indenture, dated as of July 21, 1993, the Fourth Supplemental Indenture, dated as of October 20, 1995, the Fifth Supplemental Indenture, dated as of January 8, 1998, the Sixth Supplemental
Indenture, dated as of March 1, 1999, the Seventh Supplemental Indenture, dated as of February 14, 2001, the Eighth Supplemental Indenture, dated as of June 27, 2003, the Ninth Supplemental Indenture, dated as of November 12,
2004, the Tenth Supplemental Indenture, dated as of March 14, 2005, and this Eleventh Supplemental Indenture, dated as of March 21, 2005 and as it may hereafter be supplemented is referred to herein as the or this
“Indenture”.) Capitalized terms used herein and not otherwise defined herein have the meanings ascribed thereto in the Indenture. 
  
  
 RECITALS: 
  
 WHEREAS, on January 10, 2005, News Corporation commenced an offer to exchange (the “Exchange Offer”)
shares of News Corporation Class A common stock for all of the outstanding shares of Fox Entertainment Group, Inc. (“Old FEG”) Class A common stock; and 
  
 WHEREAS, on March 21, 2005, New FEG, a wholly owned subsidiary of News Corporation, will be the surviving corporation
of a merger (the “Merger”) of Old FEG with and into New FEG, such Merger to be effected in order to convert any Old FEG Class A common stock into shares of News Corporation Class A common stock that News Corporation did
not acquire in the Exchange Offer; and 
  
 WHEREAS,
Section 801 of the Indenture provides that, without the consent of Holders, the parties to the Indenture may enter into an indenture supplemental to the Indenture to evidence the succession of another Person to any of the Guarantors and the
assumption by such successor of the covenants of such guarantor contained in the Indenture; and 
  
 WHEREAS, the Original Indenture is subject to the provisions of the United States Trust Indenture Act of 1939, as amended (the “TIA”),
that are required to be part of the Original Indenture and the Indenture shall, to the extent applicable, be governed by such provisions; and 

 WHEREAS, the Company and each of the Guarantors have duly authorized the execution and delivery of this
Eleventh Supplemental Indenture and have done all things necessary to make this Eleventh Supplemental Indenture a valid agreement in accordance with its terms. 
  

 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
  
 For and in consideration of the premises, it is mutually covenanted and
agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series thereof, as follows: 
  
  
 ARTICLE ONE 
  
 ORIGINAL INDENTURE 
  
 SECTION 101. Effect of Original Indenture. 
  
 Except as specifically provided in this Eleventh Supplemental Indenture, the
Original Indenture (as amended and supplemented prior to the date hereof) shall remain in full force and effect. 
  
  
 ARTICLE TWO 
  
 AMENDMENTS TO THE INDENTURE 
  
 SECTION 201. Amendments to the Indenture 
  
 Effective upon the Merger, in accordance with Section 801 of the
Original Indenture: 
  
 (a) Without further action on the part of
Old FEG, New FEG or any other Person, New FEG hereby acknowledges and agrees that, by operation of law, it succeeds to and assumes all the obligations of Old FEG under the Indenture. 
  
 (b) By reason of the Merger and the continuation, as Guarantors, of the Guarantors under the Indenture, all references in
the Indenture to the “Guarantors” are hereby deemed to refer to each of such entities: 
  

			
	 Name

	  	 Jurisdiction of Organization

		
	 News Corporation
	  	 Delaware

		
	 News Australia Holdings Pty Limited
	  	 Australia

		
	 FEG Holdings, Inc.
	  	 Delaware

		
	 Fox Entertainment Group, Inc. (formerly known as Fox Acquisition Corp.)
	  	 Delaware

		
	 News America Marketing FSI, LLC
	  	 Delaware

		
	 News Publishing Australia Limited
	  	 Delaware

  

 2 

 ARTICLE THREE 
  
 MISCELLANEOUS 
  
 SECTION 301. Effect of Headings. 
  
 The Article and Section headings herein are for convenience of reference only and shall not affect the construction hereof. 
  
  
 SECTION 302. Governing Law. 
  
 Subject to the following
sentence, this Eleventh Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of laws. This Eleventh Supplemental Indenture is subject to the
provisions of the TIA that are required to be part of the Original Indenture and shall, to the extent applicable, be governed by such provisions. 
  
  
 SECTION 303. Counterparts. 
  
 This Eleventh Supplemental Indenture may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
  
 SECTION 304. Trustee. 
  
 The Trustee makes no representation as to the validity or sufficiency of this
Eleventh Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and the Guarantors and not of the Trustee. 
  

 3 

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

			
	News America Incorporated
		
	By:	 	/s/ Paula Wardynski
	Name: 	 	Paula Wardynski
	Title:	 	Vice President
	
	News Corporation, as Guarantor
	
	News Australia Holdings Pty Limited, as Guarantor
	
	FEG Holdings, Inc., as Guarantor
	
	Fox Entertainment Group, Inc. (formerly known as Fox Acquisition Corp.), as Guarantor
	
	News America Marketing FSI, LLC, as Guarantor
	
	News Publishing Australia Limited, as Guarantor
		
	By:	 	/s/ Paula Wardynski
	Name:	 	Paula Wardynski
	Title:	 	Vice President, News America Incorporated, as Attorney-in-Fact for the Guarantors

  

 4 

			
	
	The Bank of New York, as Trustee
		
	By:	 	/s/ Kisha A. Holder
	Name:	 	Kisha A. Holder
	Title:	 	Assistant Vice President

  

 5 

					
	STATE OF NEW YORK	 	}  
	 	 
	 	 	 	ss.:
	COUNTY OF NEW YORK	 	 	 

  
  
 On this 21 day of March, 2005, before me personally appeared Paula Wardynski, who acknowledged herself to be the Vice President of News America
Incorporated, and that she, as such Vice President, being authorized so to do, executed the foregoing instrument for the purposes therein contained, by signing in the name of such corporation as such Vice President. 
  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal. 
  
  

			
	By:	 	/s/ Catherine B. McDermott
	Name:  	 	Catherine B. McDermott
	Title:	 	Notary Public, State of New York
	 	 	No. 02MC4974028
	 	 	Qualified in Kings County
	 	 	Commission Expires November 5, 2006

  
 [Notarial Seal] 
  

 6Non-Executive Director Compensation Summary Sheet

 Exhibit 10.1 
  
 Summary Sheet 
 Compensation For Non-Executive Directors of News Corporation 
  
 Summary of compensation amounts 
  
 Cash (annual amount in US$) 
  

	1.	Cash Retainer - $85,000 

  

	2.	Committee Member Retainer 

  
   Audit - $15,000 
   Compensation - $10,000 
   Nominating/Corporate Governance $10,000 
  

	3.	Committee Chair Retainer: 

  
   Audit - $25,000 
   Compensation - $15,000 
   Nominating/Corporate Governance - $15,000 
  

	4.	Deferred Stock Retainer - $85,000 value 

  
 The annual retainer paid to non-executive directors is partly paid in cash and partly paid in deferred stock units for a total amount of $170,000 per year. 
  
 Cash 
  

	 	•	 	Members of committees of the Board will receive a further retainer. The chairman of a committee will receive an additional retainer. 

  

	 	•	 	There is no “per meeting attended” compensation. 

  

	 	•	 	Non-executive directors who join or leave the board will receive a partial payment of the cash portion of the retainer. 

  
 Deferred Stock Units 
  

	 	•	 	Non-executive directors are credited with the number of shares of News Corporation Class A Common Stock equal to $85,000 per year. 

  

	 	•	 	The value of the shares will be paid to non-executive directors in cash on the fifth anniversary date of when it was credited to the directors’ account, unless such director
leaves the board before such date. 

  

	 	•	 	Upon a non-executive director’s end of service on the Board, such director will be paid the value of the shares credited to his or her account at the market value of such
shares as of the date of the director’s end of service.

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