Document:

EX-10.13

 Exhibit 10.13 

 

			
	

	  	FINANCING AND SECURITY AGREEMENT

 INTRODUCTION 

This Financing and Security Agreement (“Agreement”) is made and entered into on Dec 23, 2019 by and among FREE STREAM MEDIA
CORP. (“Administrative Borrower”), Axwave Inc. (“Axwave” and together with Administrative Borrower on a joint and several basis, “Borrower” and any reference to “Borrower” hereunder shall be deemed a
reference to each of the foregoing Borrowers), and FPP FINANCE LLC (“Lender”). Lender has agreed, in accordance with the terms herein, to make Advances against the Face Amount of certain of Borrower’s Accounts, provided that
Borrower agrees to the provisions of this Agreement. 
 GENERAL RATES AND FEES 

The items referenced below are subject to and defined within the provisions of this Agreement: 

 

	 	(a)	 Maximum Line Amount: $15,000,000 

 

	 	(b)	 Advance Rate: 80% of gross value of Invoices 

 

	 	(c)	 Minimum Invoice Size: Five thousand dollars ($5,000) 

 

	 	(d)	 Initial Financing Fee: A flat fee equal to 1/12 multiplied by the Facility Rate, based on the net amount
Advanced with respect to any Invoice for a Financed Account (or the net amount Advanced for Advances not tied to any Invoice), for the initial 30-day period. 

 

	 	(e)	 Additional Financing Fee: A monthly rate equivalent to 1/12 multiplied by the Facility Rate, prorated
daily on the net amount Advanced outstanding with respect to any Invoice for a Financed Account (or the net amount Advanced outstanding for Advances not tied to any Invoice), commencing on day 31. For the purposes of this Agreement,
“Facility Rate” means the sum of: (x) the LIBOR Rate plus (y) 7% per annum. 

  

	 	(f)	 Misdirected Payment Fee: Repayment of all Advances must be paid by the Account Debtor directly to
Lender. In the event an Account Debtor fails to pay Lender directly, Lender will provide Borrower a grace period of five (5) business days to notify Lender of any Misdirected Payment and to forward the full amount of the Misdirected Payment to
Lender otherwise Borrower may be assessed a Misdirected Payment Fee equaling 20% of the amount of such payment. 

  

	 	(g)	 Concentration Limit: The percentage of any debt from a single Account Debtor over the total amount
outstanding from Borrower’s Financed Accounts must remain below 25%. In the event the percentage exceeds the foregoing limit, Lender may exercise its right not to finance more Accounts of said Account Debtor. 

 

	 	(h)	 Diligence Fee: $37,500 

 

	 	(i)	 Wire Fee: An amount equal to Thirty-Five Dollars ($35.00) to cover fees and costs associated with
incoming and outgoing wire transfers to/from the Lockbox or as between Lender/Borrower. 

  

	 	(j)	 Termination: Subject to a fee owed by Borrower to Lender equal to the Early Termination Fee with respect
to any termination of this Agreement prior to the date that is 18 months of the date hereof (such period up to and including such date, the “Initial Period”), Borrower may terminate this Agreement at any time upon 30 days prior written
notice to Lender whereupon this Agreement shall terminate upon successful repayment of all outstanding Obligations. For the purposes of this Agreement, “Early Termination Fee” is defined as: (1) 1.5% of the Maximum Line Amount with
respect to any termination of this Agreement occurring on or prior to the date that is 12 months from the date hereof (such date, the “First Anniversary Date”) in connection with a Change of Control transaction consummated among
Borrower’s equity interest holders or (2) otherwise, 2.0% of the Maximum Line Amount. 

  

	 	(k)	 Minimum Utilization: Beginning on the 31st day after the date hereof, Borrower shall at all times
utilize at least 20% of the Maximum Line Amount. The Financing Fees otherwise set forth herein shall be adjusted to reflect such minimum utilization. 

 SIGNATURES 

By their signatures below, the parties represent they have read, understand and agree to be bound by the Financing and Security Agreement, including the
Standard Terms and Conditions referenced herein. 
 BORROWER AND LENDER have executed this Agreement through their authorized officers as of the date
set forth above. 
  

									
	 “ADMINISTRATIVE BORROWER” and “BORROWER”

FREE STREAM MEDIA CORP.
	 		  	 “LENDER”
 FPP
FINANCE LLC

					
	        Signature:	 	 /s/ Michael Farrow
	 	    	  	        Signature:	  	 /s/ Secil Baysal

		 	Michael Farrow (Dec 23, 2019)	 		  		  	Secil Baysal (Dec 27, 2019)
	            Email: michael.farrow@samba.tv	 		  	            Email: legal@fastpaypartners.com
			
	Name: Michael Farrow	 		  	Name: Secil Baysal
	Title:   CFO	 		  	Title:   Chief Operating Officer

  

									
	“BORROWER”	 		 		 	
	AXWAVE, INC.	 	    	 	                                	 	
					
	        Signature:	 	 /s/ Michael Farrow
	 		 		 	
		 	Michael Farrow (Dec 23, 2019)	 		 		 	
	            Email: michael.farrow@samba.tv	 		 		 	

  

			
	Name: Michael Farrow	  	
	Title:   CFO	  	
		
	Contact Information:	  	Contact Information:
	Free Stream Media Corp.	  	FPP Finance LLC
	123 Townsend St. #500	  	8201 Beverly Blvd, Suite 600
	San Francisco, CA 94107	  	Los Angeles, CA 90048
	Ph: (415) 889-6404	  	Ph: (310) 651-9201
	e-mail: michael.farrow@samba.tv	  	e-mail: legal@gofastpay.com
		
	Banking Information:	  	
	Bank: Square 1 Bank	  	
	Address: 406 Blackwell Street, Suite 240, Durham, NC 27701	  	
	ABA or Swift #: 053112615	  	
	Account #: 1002110300	  	

			
	    

	  	 FINANCING AND SECURITY AGREEMENT

STANDARD TERMS AND CONDITIONS

 

 1. Financing; Billing. 

1.1. Financing 

1.1.1. Borrower shall offer its Accounts to Lender for financing in accordance with the terms and provisions of this Agreement. 

1.1.2. Each Account submitted by Borrower for an Advance shall be accompanied by such documentation supporting and evidencing the Account.

 1.1.3. Lender may decline to make an Advance for any Account which will cause the unpaid balance of outstanding Obligations to exceed
the Maximum Line Amount. 
 1.1.4. Accounts submitted to Lender for financing must exceed Minimum Invoice Size as stated within the
General Rates and Fees, except as otherwise agreed by both parties in an Authenticated Record. 
 1.1.5. Lender shall extend Advance
amount with respect to any Financed Account, less any amounts due to Lender from Borrower, including, without limitation, any amounts due under Sections 2.1 and 3.1 hereof, to Borrower within five (5) business days of the Finance Date. 

1.1.6. Upon or prior to execution of this Agreement, Borrower shall pay the Diligence Fee, which fee shall be fully earned at such time. 

1.1.7. All Advances made hereunder are at the absolute sole discretion of the Lender. 

1.2. Redirection of Payments. All Account Debtors will be instructed to make payments to Lender. 

2. Reserve Account. 
 2.1.
Borrower shall pay to Lender within one (1) business day after written demand the amount of any Reserve Shortfall. 
 2.2. Upon
request of the Borrower, Lender shall pay to Borrower any amount by which the Reserve Account exceeds the Required Reserve, unless reserve is necessary to cover other Obligations of the Borrower. 

2.3. Lender may charge the Reserve Account with any Obligation. 

2.4. Lender may pay any amounts due Borrower hereunder by a credit to the Reserve Account. 

2.5. Lender may retain the Reserve Account until Complete Termination. 

3. Exposed Payments. 
 3.1.
Upon termination of this Agreement Borrower shall pay to Lender (or Lender may retain), to hold in a non-segregated non-interest bearing account, the amount of all
Exposed Payments (the “Preference Reserve”).

 3.2. Lender may charge the Preference Reserve with the amount of any Exposed Payments that
Lender pays to the bankruptcy estate, receivership estate, assignee for benefit of creditors, creditor body or representative of any of the foregoing of the Payor that made the Exposed Payment or on whose behalf such Exposed Payment was made, on
account of a claim asserted under Sections 547, 548, 549 or 550 of the Bankruptcy Code or any equivalent type state or federal law, rule or regulation. 

3.3. Lender shall refund to Borrower from time to time that balance of the Preference Reserve for which a claim under Sections 547, 548, 549
or 550 of the Bankruptcy Code or any equivalent type state or federal law, rule or regulation can no longer be asserted against the Exposed Payments due to the passage of the statute of limitations, settlement with the bankruptcy estate,
receivership estate, assignee for benefit of creditors, creditor body or representative of any of the foregoing. 
 4. Authorization for
Financing. Subject to the terms and conditions of this Agreement, Lender is authorized to finance Accounts upon telephonic, facsimile or other instructions received from anyone purporting to be an officer, employee or representative of
Borrower. 
  

	5.	 Fees and Expenses. Borrower shall pay to Lender: 

5.1. Financing Fee. The Initial Financing Fee and Additional Financing Fee shall be due on the date on which a Financed Account is
Closed. Financing Fees and interest hereunder are subject to upward adjustment in accordance with Section 12.8 herein and also shall include the additional Default Rate on the Obligations, at Lender’s sole election, upon the occurrence and
continuance of an Event of Default. 
 5.2. Misdirected Payment Fee. Any Misdirected Payment Fee immediately upon its accrual. 

5.3. Out-of-pocket Expenses. The reasonable,
documented out-of-pocket expenses directly incurred by Lender in the administration of this Agreement such as wire transfer fees (“Wire Fee”), postage and
audit fees. So long as no Event of Default has occurred and is continuing, Borrower shall not be required to pay for more than one audit per twelve-month period. 

6. Refunding of Accounts. Lender may require that Borrower refund, by payment of the then unpaid Face Amount thereof, together with any unpaid
fees relating to the Financed Account one (1) business day after written demand, or, at Lender’s option, by Lender’s charge to the Reserve Account: 

6.1. Any Financed Account, the payment of which has been disputed by the Payor or the Account Debtor obligated thereon, Lender being under no
obligation to determine the bona fide nature of such dispute; 

 

 6.2. Any Financed Account regarding which Borrower has breached any representation or warranty
as set forth in the Section 14. 
 6.3. Any Financed Account owing from an Account Debtor or Payor which (a) in Lender’s
reasonable credit judgment has become insolvent or (b) has indicated an inability or unwillingness to pay the Financed Account when due; 

6.4. All Financed Accounts upon the occurrence and during the continuance of an Event of Default, or upon the termination date of this
Agreement; and 
 6.5. Any Financed Account that remains unpaid beyond the Late Payment Date. 

7. Security Interest. 

7.1. As collateral securing the Obligations, Borrower (for the avoidance of doubt, each Borrower and Administrative Borrower) grants to
Lender a continuing first priority security interest in the Collateral. 
 8. Clearance Days. For all purposes under this Agreement, Clearance
Days will be added to the date on which Lender receives any payment if such payment is received other than by wire directly to the Lockbox. 
 9.
Authorization to Lender. 
 9.1. Authorization: Borrower explicitly authorizes and grants to Lender the ability
for Lender (acting through any of its employees, attorneys or agents) at any time, at its option but without obligation, with or without notice to Borrower, and at Borrower’s sole expense, to do any or all of the following, in Borrower’s
name or otherwise until all of the Obligations have been paid in full: 
 9.1.1. Receive, take, endorse, assign, deliver, accept and
deposit, in the name of Lender or Borrower, any and all proceeds of any Collateral securing the Obligations or the proceeds thereof; 

9.1.2. Take or bring, in the name of Lender or Borrower, all steps, actions, suits or proceedings deemed by Lender necessary or desirable to
effect collection of or other realization upon Lender’s Accounts; 
 9.1.3. With respect to any of the following established or issued
for the benefit of Borrower, either individually or as a member of a class or group, file any claim under (a) any bond or (b) under any trust fund; 

9.1.4. Pay any sums necessary to discharge any lien or encumbrance which is senior to Lender’s security interest in any assets of
Borrower, which sums shall be included as Obligations hereunder, and in connection with which sums the Late Charge shall accrue and shall be due and payable; 

9.1.5. File in the name of Borrower or Lender or both: (a) Mechanic’s lien or related notices, or (b) Claims under any payment
bond, in connection with goods or services sold by Borrower in connection with the improvement of realty; 
 9.1.6. Notify any Payor
obligated with respect to any Account, that the underlying Account has been assigned to

 
Lender by Borrower and that payment thereof is to be made to the order of and directly and solely to Lender; 

9.1.7. Communicate directly with Borrower’s Payors to verify the amount and validity of any Account created by Borrower; 

9.1.8. After the occurrence and during the continuance of an Event of Default: (a) Change the address for delivery of mail to Lender and
to receive and open mail addressed to Borrower; (b) Extend the time of payment of, compromise or settle for cash, credit, return merchandise, and upon any terms or conditions, any and all Accounts and discharge or release any Account Debtor or
other obligor (including filing of any public record releasing any lien granted to Borrower by such Account Debtor), without affecting any of the Obligations; 

9.1.9 Any and all sums paid and any and all costs, expenses, liabilities, obligations and legal fees incurred by Lender with respect to the
foregoing shall be added to and become part of the Obligations. In no event shall Lender’s rights under the foregoing authorization or any of Lender’s other rights under this Agreement be deemed to indicate that Lender in control of the
business, management of properties of Borrower; 
 9.1.10. File any initial financing statements and amendments thereto that:
(a) Indicate the collateral as all assets of the Borrower or words of similar effect, regardless of whether any particular asset comprised in the collateral falls within the scope of Article 9 of the UCC, or as being of an equal or lesser scope
or with greater detail; (b) Contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including (i) whether the Borrower is an
organization, the type of organization, and any organization identification number issued to Borrower and, (ii) in the case of a financing statement filed as a fixture filing or indicating collateral to be
as-extracted collateral or timber to be cut, a sufficient description of real property to which the collateral relates; and (c) Contain a notification that the Borrower has granted a negative pledge to
the Lender, and that any subsequent lienor may be tortuously interfering with Lender’s rights; 
 9.1.11. Advises third parties that
any notification of Borrower’s Account Debtors will interfere with Lender’s collection rights; and 
 9.1.12. File any Correction
Statement in the name of Borrower under Section 9-518 of the Uniform Commercial Code that Lender reasonably deems necessary to preserve its rights hereunder. 

9.2. Borrower authorizes Lender to accept, endorse and deposit on behalf of Borrower any checks tendered by an account debtor “in full
payment” of its obligation to Borrower. Borrower shall not assert against Lender any claim arising therefrom, irrespective of whether such action by Lender effects an accord and satisfaction of Borrower’s claims, under §3-311 of the Uniform Commercial Code, or otherwise. 

 

 9.3. Borrower grants Lender a non-exclusive license to
use any data collected in connection with the administration of this Agreement or Lender’s credit portfolio provided that no personally identifiable information is disclosed to the public. 

10. ACH Authorization. 

10.1. In order to satisfy any of the Obligations, Borrower authorizes Lender to initiate electronic debit or credit entries through the ACH
system to any deposit account maintained by Borrower. Prior to the occurrence and continuance of an Event of Default, Lender shall provide Borrower with two (2) days advance notice of its intention to initiate electronic debit entries of
Borrower’s deposit account through the ACH system. Such notice may be provided electronically. If an ACH debit request is not honored by the financial 

institution, for any reason, Borrower agrees to immediately pay, in the form of a check, money order or cash, such sums as are necessary to bring the balance
then due hereunder current, and Borrower will be subject to such fees or charges for non-payment, as if Client had delivered a NSF check or made no payment to Lender. 

10.2. Borrower is not required to sign this Authorization as a condition to obtaining any extension of credit from Lender. This Authorization
is made at Borrower’s request to aid its ability to timely pay amounts due Lender. 
 10.3 Lender shall be permitted to disseminate a
form of “tombstone” and other related marketing materials or press releases publicly disclosing the transaction subject to this Agreement. 
 11.
Electronic Transactions Authorization. The Parties agree that all business between one another shall be conducted by electronic means and adopt the provisions of the California Uniform Electronic Transactions Act (UETA) as set forth in
California Civil Code, Division 3, Part 2, Title 2.5, Sections 1633.1 – 1633.17, inclusive. Each document that is subject to or provided in furtherance of this Agreement, all documents provided in furtherance thereof, as amended, modified or
supplemented from time to time that a party has sent to the other by electronic means or Borrower has clicked to approve to adopt this Agreement or Borrower submits through the Online Reporting System shall be intended as and constitute an original
and deemed to contain a valid signature for all purposes acknowledging and consenting to the terms of the agreement applicable thereto. In furtherance of the above, Borrower hereby authorizes Lender to regard Borrower’s printed name or
electronic approval for any document, agreement, assignment schedules or invoices as the equivalent of a manual signature by one of Borrower’s authorized officers or agents. Borrower’s failure to promptly deliver to Lender any schedule,
report, statement, writing or other information (“Record”) required by this Agreement or any document related hereto shall not affect, diminish, modify or otherwise limit Lender’s security interests in the Collateral. Lender may rely
upon, and assume the authenticity of, any such electronic approval, and any material applicable to such approval as the duly confirmed, authorized and approved signature of Borrower by the person approving same, shall constitute an
“authenticated” record for all purposes (including, without limitation, the Uniform Commercial Code)

 
and shall satisfy the requirements of any applicable statute of frauds. Borrower is not required to agree to conduct business pursuant to the UETA and the Advances being granted in furtherance of
this Agreement are not conditioned upon Borrower agreeing to conduct business in accordance with the UETA. Borrower may terminate this Electronic Transactions Authorization by providing Lender with not less than ten (10) days written notice as
provided in Section 35.1, below. Thereafter, Borrower shall incur and be responsible to pay Lender a “Manual Reporting Fee” for any Record when submitted to Lender. 

12. Covenants By Borrower. 

12.1. After written notice by Lender to Borrower, and automatically, without notice, after the occurrence and during the continuance of an
Event of Default, Borrower shall not, without the prior written consent of Lender in each instance, (a) grant any extension of time for payment of any of its Accounts, (b) compromise or settle any of its Accounts for less than the full amount
thereof, (c) release in whole or in part any Payor, or (d) grant any credits, discounts, allowances, deductions, return authorizations or the like with respect to any of the Accounts. 

12.2. Lender or its designee shall have access, upon reasonable notice during reasonable business hours (if prior to the occurrence and
continuance of an Event of Default) and at any time (if on or after the occurrence of an Event of Default at Borrower’s sole expense), to all premises where Collateral is located for the purposes of inspecting (and removing, if after the
occurrence and during the continuance of an Event of Default) any of the Collateral, including Borrower’s books and records, and Borrower shall permit Lender or its designee to make copies of such books and records or extracts therefrom as
Lender may request. Upon the occurrence and continuance of an Event of 
 Default (and at Borrower’s sole expense), Lender may use any of
Borrower’s personnel, equipment, including computer equipment, programs, printed output and computer readable media, supplies and premises for the collection of accounts and realization on other Collateral as Lender, in its sole discretion,
deems appropriate. Borrower hereby irrevocably authorizes all accountants and third parties to disclose and deliver to Lender at Borrower’s expense all financial information, books and records, work papers, management reports and other
information in their possession relating to Borrower. 
 12.3. Before sending any Invoice to an Account Debtor, Borrower shall mark same
with a notice of assignment as may be required by Lender. 
 12.4. Borrower shall pay when due all payroll and other taxes, and shall
provide proof thereof to Lender in such form as Lender shall reasonably require. 
 12.5. Borrower shall not: (a) create, incur,
assume or permit to exist, any lien upon or with respect to any assets in which Lender now or hereafter holds as a security interest or (b) incur any indebtedness for borrowed money other than as set forth on Schedule 12.5 attached hereto.

 

 12.6. Notwithstanding Borrower’s obligation to pay the Misdirected Payment Fee, Borrower
shall pay to Lender on the next banking day following the date of receipt by Borrower, the amount of any payment on account of a Financed Account. 

12.7. Avoidance Claims 

12.7.1. Borrower shall indemnify Lender from any loss (including defense costs, expenses and legal fees) arising out of the assertion,
defense, or judgment or otherwise of any Avoidance Claim, and shall pay to Lender with ten (10) business days after written demand the amount thereof. 

12.7.2. Borrower shall notify Lender within two business days after Borrower becomes aware of the assertion of an Avoidance Claim. 

12.7.3. This provision shall survive termination of this Agreement. 

12.8. Minimum Utilization. Borrower shall at all times cause the outstanding Advances hereunder to be equal or greater than the amount
set forth in the General Rates and Fees; any violation of the foregoing covenant shall cause the Financing Fees owed hereunder by Borrower to be equal to the fees that would have accrued had Borrower not violated this clause. 

12.9. No ACH Debit Block. Borrower shall at all times maintain each of its deposit accounts in a manner that allows Lender to utilize
the ACH authorization set forth in Section 10 or otherwise herein. Borrower shall not use any ACH debit block or any other service or functionality that prevents Lender from initiating and completing electronic debit or credit entries through
the ACH system to any deposit account maintained by Borrower. 
 12.10 Disposal of Assets or Change of Control. Borrower shall not
convey, sell, lease, license, assign, transfer, or otherwise dispose any of its assets in a manner not in the ordinary-course-of-business. Borrower shall also notify
Lender promptly, and in any event at least fifteen (15) days prior to the date of any transaction that results or would result in a Change of Control. 

12.11 Reporting Requirements. 

(a) Within 30 days after the last day of each calendar month, Borrower shall provide Lender with consolidated (with respect to Administrative
Borrower and its subsidiaries) and stand-alone (with respect to each Borrower) company-prepared financial statements in reasonable detail and prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) (other than
with respect to footnote disclosure or year-end audit adjustments). 
 (b) Within 180 days after
the last day of each calendar year, Borrower shall provide Lender with consolidated (with respect to Administrative Borrower and its subsidiaries) and stand-alone (with respect to each Borrower) financial statements audited by an independent
certified public accountant firm of nationally recognized standing or otherwise reasonably acceptable to Lender, in reasonable detail and prepared in accordance with GAAP, together with a certificate of Borrower’s chief financial officer
stating that such financial

 
statements have been prepared in accordance with GAAP, fairly represent in all material respects Borrower’s financial position and the results of its operations, and whether or not such
officer has knowledge of the occurrence of any Event of Default and, if so, stating in reasonable detail the facts with respect thereto. 

(c) Borrower shall promptly provide to Lender any other material reports, records, or other financial information, credit, or payments as
Lender may reasonably request. 
 13. Account Disputes. Borrower shall notify Lender promptly of and, if requested by Lender, will settle all
disputes concerning any Financed Account, at Borrower’s sole cost and expense. Lender may, but is not required to, attempt to settle, compromise, or litigate (collectively, “Resolve”) the dispute upon such terms, as Lender in its sole
discretion deem advisable, for Borrower’s account and risk and at Borrower’s sole expense. Upon the occurrence and during the continuance of an Event of Default, Lender may Resolve such issues with respect to any Account of Borrower. 

14. Representation and Warranties. Borrower represents and warrants that: 

14.1. Existence and Power. If Borrower is a partnership, limited liability company, or corporation, Borrower is and will continue to
be duly authorized, validly existing and in good standing under the laws of the jurisdiction of its organization until all of the Obligations have been paid in full. Borrower is and will continue to be qualified and licensed in all jurisdictions in
which the nature of the business transacted by it, or the ownership or leasing of its property, make such qualification of licensing necessary, and Borrower has and will continue to have all requisite power and authority to carry on its business as
it is now, or may hereafter be, conducted. 
 14.2. Authority. Borrower is, and will continue to be, duly empowered and authorized
to enter into, and grant security interests in its property, pursuant to and perform its obligations under, this Agreement, and all other instruments and transactions contemplated hereby or relating hereto. The execution, delivery and performance by
Borrower of this Agreement, and all other instruments and transactions contemplated hereby or relating hereto, have been duly and validly authorized, are enforceable against the Borrower in accordance with their terms, and do not and will not
violate any law or any provision of, nor be grounds for acceleration under, any agreement, indenture, note or instrument which is binding upon Borrower, or any of its property, including without limitation, Borrower’s Operating Agreement,
Partnership Agreement, Articles of Incorporation, By-Laws and any Shareholder Agreements (as applicable). 

14.3. Name; Trade Names and Styles. Borrower has set forth above Borrower’s absolutely true and correct name. Listed below in
Schedule 14.3 is each prior true name of Borrower and each fictitious name, trade name and trade style by which Borrower has been, or is now known, or has previously transacted, or now transacts business, as aforementioned noted. Borrower shall
provide Lender with thirty (30) days advance written notice before changing its legal name or doing business under any other name, fictitious name, trade name, or trade style. Borrower has complied, and will hereafter comply, with

 

 
all laws relating to the conduct of business under, the ownership of property in, and the renewal or continuation of the right to use, a corporate, fictitious or trade name or trade style. 

14.4 Place and Nature of Business; Location of Collateral. Borrower does not engage in any Restricted Industry. Borrower’s books
and records including, but not limited to, the books and records relating to Borrower’s Accounts, are and will be kept and maintained at Borrower’s Address unless and until Lender otherwise consents in writing. In addition to
Borrower’s Address, Borrower has places of Business and Collateral located only at the following locations, as aforementioned noted. Borrower will provide Lender with at least ten (10) days advance written notice in the event Borrower
moves the Collateral (other than moveable Collateral such as laptop computers, cell phone or similar devices), or obtains, opens or maintains any new or additional place(s) for the conduct of Borrower’s business or the location of any
Collateral, or closes any existing place of business. 
 14.5 Title to Collateral; Liens. With the exception of Accounts Financed
hereunder where title vests with Lender, Borrower is now, and will at all times hereafter be, the true, lawful and sole owner of all the Collateral., except for the security interest granted to Lender the Collateral now is and will hereafter remain,
free and clear of any and all liens, charges, security interests, encumbrances and adverse claims. Except as expressly provided to the contrary in this Section, Lender now has, and will hereafter continue to have, a fully perfected and enforceable
first priority security interest in all of the Collateral, and Borrower will at all times defend Lender and the Collateral against all claims and demands of others. 

14.6. Each and every Financed Account sold and assigned to Lender shall, on the date the assignment is made and thereafter, comply with all
of the following representations, warranties and covenants: (a) each Financed Account represents an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the
rendition of services in the ordinary course of Borrower’s business; (b) each Financed Account is owned by Borrower free and clear of any and all deductions, disputes, liens, security interests and encumbrances; (c) the Account Debtor
has received and accepted the goods sold and services rendered which created the Financed Account and the invoice therefor and will pay the same without any dispute; (d) no Account Debtor on any Financed Account is a shareholder, director,
partner or agent of Borrower, or is a person or entity controlling, controlled by or under common control with Borrower, or is engaged in a Restricted Industry; (e) no Financed Account is owed by an Account Debtor to whom Borrower is or may
become liable in connection with goods sold or services rendered by the Account Debtor to Borrower or any other transaction or dealing between the Account Debtor and Borrower; and (f) each Financed Account arises from a contractual agreement that is
governed by the law of a state of the United States of America or such other jurisdiction as approved by Lender in writing. Immediately upon discovery by Borrower that any of the foregoing representations, warranties, or covenants are or have become
untrue with respect to any

 
Financed Account, Borrower shall immediately give written notice thereof to Lender. 

14.7. Borrower has not received notice or otherwise learned of actual or imminent bankruptcy, insolvency, or material impairment of the
financial condition of any applicable Account Debtor regarding Financed Accounts. 
 14.8 Intellectual Property. Except as
disclosed on Schedule 14.8 attached hereto, Borrower does not have any registered patents, copyrights, trademarks, or material licenses to use trademarks, patents and copyrights of others (excluding off-the-shelf or shrinkwrap licenses). 
 15. Indemnification. Borrower agrees to indemnify Lender
against and save Lender harmless from any and all manner of suits, claims, liabilities, demands and expenses (including reasonable legal fees and collection costs) resulting from or arising out of this Agreement, whether directly or indirectly,
including the transactions or relationships contemplated hereby (including the enforcement of this Agreement), and any failure by Borrower to perform or observe its obligations under this Agreement, in each case other than arising as a result of the
gross negligence or willful misconduct of Lender as determined by a court of competent jurisdiction in a final, non-appealable judgment. 

16. Disclaimer of Liability. In no event will Lender be liable to Borrower for any lost profits, lost savings or other consequential, incidental
or special damages resulting from or arising out of or in connection with this Agreement, the transactions or relationships contemplated hereby or lender’s performance or failure to perform hereunder, even if lender has been advised of the
possibility of such damages. 
  

	17.	 Default. 

17.1. Events of Default. The occurrence of any one of more of the following shall constitute an Event of Default hereunder:
(a) Borrower fails to pay or perform any Obligation within three (3) business days when due; (b) there shall be commenced by or against Borrower any voluntary or involuntary case under the United States Bankruptcy Code, or any
assignment for the 
 benefit of creditors, or appointment of a receiver or custodian for any of its assets, or Borrower makes or sends notice of a bulk
transfer; (c) Borrower or any guarantor of the Obligations shall become insolvent in that its debts are greater than the fair value of its assets, or Borrower is generally not paying its debts as they become due or is left with unreasonably
small capital; (d) any lien, garnishment, attachment, execution or the like is issued against or attaches to the Borrower, the Financed Accounts, or the Collateral; (e) Borrower shall breach any covenant, agreement, warranty, or
representation set forth herein, and such breach if capable of being cured shall continue for ten (10) business days after written notice thereof from Lender (provided, such cure period shall not be available for payment defaults or breaches of
negative covenants or other breaches not susceptible to a cure period); (f) Borrower delivers any document, financial statement, schedule or report to Lender which is false or incorrect in any material respect when made or furnished;
(g) Lender, at any time, acting in good faith and in a 

 

 
commercially reasonable manner, deems itself insecure with respect to the prospect of repayment or performance of the Obligations as and when due (Lender shall make commercially reasonable
efforts to consult with Borrower with respect to any deemed Event of Default under this clause (g)); or (h) any present or future guarantor of the Obligations revokes, terminates or fails to perform any of the terms of any guaranty, endorsement
or other agreement of such party in favor of Lender or any affiliate of Lender or shall notify Lender of its intention to rescind, modify, terminate or revoke any guaranty of the Obligations, or any such guaranty shall cease to be in full force and
effect for any reason whatever. 
 17.2. Waiver of Notice. LENDER’S FAILURE TO CHARGE OR ACCRUE INTEREST OR FEES AT ANY
“DEFAULT” OR “PAST DUE” RATE SHALL NOT BE DEEMED A WAIVER BY LENDER OF ITS CLAIM THERETO. 
 17.2.1. The failure of
Lender at any time or times hereafter to require Borrower strictly to comply with any of the provisions, warranties, terms or conditions of this Agreement or any other present or future instrument or agreement between Borrower and Lender shall not
waive or diminish any right of Lender thereafter to demand and receive strict compliance therewith and with any other provision warranty, term and condition; and any waiver of any default shall not waive or affect any other default, whether prior or
subsequent thereto and whether of the same or of a different type. None of the provisions, warranties, terms or conditions of this Agreement or other instrument or agreement now or hereafter executed by Borrower and delivered to Lender shall be
deemed to have been waived by any act or knowledge of Lender or its agents or employees, but only by a specific written waiver signed by an officer of Lender and delivered to Borrower. Borrower waives any and all notices or demands which Borrower
might be entitled to receive with respect to this Agreement, or any other agreement by virtue of any applicable law. Borrower hereby waives demand, protest, notice of protest and notice of default or dishonor, notice of payment and nonpayment,
release, compromise, settlement, extension or renewal of any commercial paper, instrument, Account, general intangible, document or guaranty at any time held by Lender on which Borrower is or may in any way be liable, and notice of any action taken
by Lender unless expressly required by this Agreement. Borrower hereby ratifies and confirms whatever Lender may do pursuant to this Agreement and agrees that Lender shall not be liable for the safekeeping of the Collateral or any loss or damage
thereto, or diminution in value thereof, from any cause whatsoever, any act or omission of any carrier, warehouseman, bailee, forwarding agent or other person, or any act of commission or any omission by Lender or its officers, employees, agents, or
attorneys, or any of its or their errors of judgment or mistakes of fact or of law. 
 17.3. Effect of Default. 

17.3.1. Upon the occurrence and during the continuance of any Event of Default, in addition to any rights Lender has under this Agreement or
applicable law, Lender may immediately terminate this Agreement, at which time all

 
Obligations shall immediately become due and payable without notice. 
 17.3.2. The
Late Charge shall accrue and is payable on demand on any Obligation not paid when due. 
 18. Remedies. 

18.1 Generally. Upon the occurrence and during the continuance of any Event of Default, and at any time thereafter, Lender, at its
option, and without notice or demand of any kind (all of which are hereby expressly waived by Borrower) may do any one or more of the following: (a) Cease advancing money or extending credit to or for the benefit of Borrower under this
Agreement, and any other document or agreement; (b) Accelerate and declare all or any part of the Obligations to be immediately due, payable, and performable, notwithstanding any deferred or installment payments allowed by any instrument
evidencing or relating to any Obligation as well as charging the Default Rate on the Obligations above and in addition to any applicable rate hereunder; (c) Take possession of any or all of the Collateral wherever it may be found, and for that
purpose Borrower hereby authorizes Lender without judicial process to enter onto any of the Borrower’s premises without hindrance to search for, take possession of, keep, store, or remove any of the Collateral and remain on such premises or
cause a custodian to remain thereon in exclusive control thereof without charge for so long as Lender deems necessary in order to complete the enforcement of its rights under this Agreement or any other agreement; provided, however, that should
Lender seek to take possession of any or all of the Collateral by Court process or through a receiver, Borrower hereby irrevocable waives: (i) any bond and any surety or security relating thereto required by any statute, court rule or otherwise
as an incident to such possession; (ii) any demand for possession prior to the commencement of any suit or action to recover possession thereof; and (iii) any requirement that Lender retain possession of and not dispose of any such
Collateral until after trial or final judgment; (d) Require Borrower to assemble any or all of the Collateral and make it available to Lender at a place or places to be designated by Lender which is reasonably convenient to Lender and Borrower,
and to remove the Collateral to such locations as Lender may deem advisable; (e) Place a receiver in exclusive control of Borrower’s business and/or any or all of the Collateral, in order to assist Lender in enforcing its rights and
remedies; (f) Sell, reclaim, lease or otherwise dispose of all or any portion of the Collateral in its condition at the time Lender obtains possession or after further manufacturing, processing or repair; at any one or more public and/or
private sale(s) (including execution sales); in lots or in bulk; for cash, exchange for other property or on credit; and to adjourn any such sale from time to time without notice other than oral announcement at the time scheduled for sale. Lender
shall have the right to conduct such disposition on Borrower’s premises without charge for such time or times as Lender deems fit, or on Lender’s premises, or elsewhere and the Collateral need not be located at the place of disposition.
Lender may directly or through any affiliated company purchase or lease any Collateral at any such public disposition and, if permissible under applicable law, at any private disposition. Any sale or other disposition of Collateral shall not relieve
Borrower of any 

 

 
liability Borrower may have if any Collateral is defective as to title or physical condition at the time of sale; (g) Demand payment of, and collect any Accounts, Instruments, Chattel Paper,
Supporting Obligations and General Intangibles comprising part or all of the Collateral; or (h) Demand and receive possession of any of Borrower’s federal and state income tax returns and the books, records and accounts utilized in the
preparation thereof or referring thereto. Any and all legal fees, expenses, costs, liabilities and obligations incurred by Lender with respect to the foregoing shall be added to and become part of the Obligations and shall be due on demand. 

18.2 Application of Proceeds. The proceeds received by Lender from the disposition of or collection of any of the Collateral shall be
applied to such extent and in such manner as Lender shall determine in its sole discretion. If any deficiency shall arise, Borrower shall remain liable to Lender therefore. In the event that, as a result of the disposition of any of the Collateral,
Lender directly or indirectly enters into a credit transaction with any third party, Lender shall have the option, exercisable at any time, in its sole discretion, of either reducing the Obligations by the principal amount of such credit transaction
or deferring the reduction thereof until the actual receipt by Lender of cash therefore from such third party. 
 18.3 Online
Access. Upon the occurrence and during the continuance of an Event of Default, all of Borrower’s rights and access to any online internet services that Lender makes available to Borrower shall be provisional pending Borrower’s curing
of all such Events of Default. During such period of time, Lender may limit or terminate Borrower’s access to online services. Borrower acknowledges that the information Lender makes available to Borrower through online internet access, both
before and after the occurrence and continuance of an Event of Default, constitutes and satisfies any duty to respond to a request for accounting or request regarding a statement of account that is referenced in the Uniform Commercial Code as
enacted in the State of California. 
 18.4 Standards of Commercial Reasonableness. After the occurrence and during the continuance
of an Event of Default, the parties acknowledge that it shall be presumed commercially reasonable and Lender shall have no duty to undertake to collect any Account, including those in which Lender receives information from an Account Debtor that a
dispute exists. Furthermore, in the event Lender undertakes to collect or enforce an obligation of an Account Debtor or any other person obligated on the Collateral and ascertains that the possibility of collection is outweighed by the likely costs
and expenses that will be incurred, Lender may at any such time cease any further collection efforts and such action shall be considered commercially reasonable. Before Borrower may, under any circumstances, seek to hold Lender responsible for
taking any commercially unreasonable action, Borrower shall first notify Lender in writing, of all of the reasons why Borrower believes Lender has acted in any commercially unreasonable manner and advise Lender of the action that Borrower believes
Lender should take. 
 18.5 Remedies Cumulative. In addition to the rights and remedies set forth in this Agreement, Lender shall
have all other

 
rights and remedies accorded a secured party under the Uniform Commercial Code as enacted in California and under any and all other applicable laws and in any other instrument or agreement now or
hereafter entered into between Lender and Borrower and all of such rights and remedies are cumulative and none is exclusive. Exercise or partial exercise by Lender of one or more of its rights or remedies shall not be deemed an election, nor bar
Lender from subsequent exercise or partial exercise of any other rights or remedies. The failure or delay of Lender to exercise any rights or remedies shall not operate as a waiver thereof, but all rights and remedies shall continue in full force
and effect until all of the Obligations have been fully paid and performed. 
 19. Account Stated. Lender shall render to Borrower a statement
setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement,
written notice from Borrower of any specific exceptions by Borrower to that statement, and then it shall be binding against Borrower as to any items to which it has not objected. 

20. Amendment and Waiver. Only a writing signed by all parties hereto may amend this Agreement. No failure or delay in exercising any right
hereunder shall impair any such right that Lender may have, nor shall any waiver by Lender hereunder be deemed a waiver of any default or breach subsequently occurring. Lender’s rights and remedies herein are cumulative and not exclusive of
each other or of any rights or remedies that Lender would otherwise have. 
  

	21.	 Termination; Effective Date. 

21.1. Subject to the Early Termination Fee, this Agreement will be effective on the date it is signed by the Parties, shall continue for the
Term, and shall be automatically extended for successive Terms unless Borrower shall provide 30 days prior written notice to Lender of its intention to terminate whereupon this Agreement shall terminate on the date set forth in said notice (an
“Early Termination Date”) upon successful repayment of all outstanding Obligations. 
 21.2. Lender may terminate this Agreement
and demand immediate payment of all outstanding Obligations at any time and for any reason; provided, if no Event of Default has occurred and is continuing, Lender shall give Borrower at least thirty (30) days prior written notice of
Lender’s election to terminate this Agreement in accordance with this Section 21.2. 
 22. No Lien Termination without Release. In
recognition of the Lender’s right to have its legal fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to
record any terminations or satisfactions of any of Lender’s liens on the Collateral unless and until Complete Termination has occurred. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC. 

 

 23. Conflict. Unless otherwise expressly stated in any other agreement between Lender and
Borrower, if a conflict exists between the provisions of this Agreement and the provisions of such other agreement, the provisions of this Agreement shall control. 

24. Severability. In the event any one or more of the provisions contained in this Agreement is held to be invalid, illegal or unenforceable in
any respect, then such provision shall be ineffective only to the extent of such prohibition or invalidity, and the validity, legality, and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired
thereby. 
 25. Enforcement. This Agreement and all agreements relating to the subject matter hereof is the product of negotiation and
preparation by and among each party and its respective attorneys, and shall be construed accordingly. 
 26. Relationship of Parties. The
relationship of the parties hereto shall be that of Borrower and Lender of Accounts, and Lender shall not be a fiduciary of the Borrower, although Borrower may be a fiduciary of the Lender. 

27. Legal Fees. Borrower agrees to reimburse Lender within ten (10) days after written demand for: 

27.1. The actual amount of all reasonable, documented costs and expenses, including legal fees, which Lender has incurred or will incur in;

 27.1.1. Negotiating, preparing, or administering this Agreement and any documents prepared in connection herewith; Any way arising out
of or in connection with this Agreement, and whether or not arising out of a dispute which does not involve Lender; provided, however, Borrower shall only be required to reimburse Lender for negotiating and preparing this Agreement and the other
documents prepared in connection herewith prior to the date hereof up to $7,500; 
 27.1.2. Protecting, preserving or enforcing any lien,
security or other right granted by Borrower to Lender or arising under applicable law, whether or not suit is brought, including but not limited to the defense of any Avoidance Claims or the defense of Lender’s lien priority; 

27.2. The actual costs, including photocopying (which, if performed by Lender’s employees, shall be at the rate of $.10/page), travel,
and legal fees and expenses incurred in complying with any subpoena or other legal process in any way relating to Borrower. This provision shall survive termination of this Agreement; and 

27.3. The actual amount of all costs and expenses, including legal fees, which Lender may incur in enforcing this Agreement and any documents
prepared in connection herewith, or in connection with any federal or state insolvency proceeding commenced by or against Borrower, including but not limited to those (a) arising out the automatic stay, (b) seeking dismissal or conversion
of the bankruptcy proceeding, (c) opposing confirmation of Borrower’s plan thereunder, or (d) validating Lender’s security interest or lien priority with respect to the Collateral. 

 

 28. Entire Agreement. No promises of any kind have been made by Lender or any third party to
induce Borrower to execute this Agreement. No course of dealing, course of performance or trade usage, and no parole evidence of any nature, shall be used to supplement or modify any terms of this Agreement. 

29. Choice of Law. This Agreement and all transactions contemplated hereunder and/or evidenced hereby shall be governed by, construed under, and
enforced in accordance with the internal laws of the Chosen State. 
 30. Jury Trial Waiver. EACH OF THE PARTIES HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY), THE OBLIGATIONS
OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OR THE PARTIES ACTIONS IN THE NEGOTIATION, ADMINISTRATION, OR ENFORCEMENT HEREOF OR THEREOF. THE PARTIES EACH ACKNOWLEDGE THAT SUCH WAIVER IS MADE WITH FULL KNOWLEDGE AND UNDERSTANDING OF THE
NATURE OF THE RIGHTS AND BENEFITS WAIVED HEREBY, AND WITH THE BENEFIT OF ADVICE OF COUNSEL OF ITS CHOOSING. THE PARTIES EACH ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP THAT EACH HAS ALREADY RELIED ON
THE WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED FUTURE DEALINGS. 
 IN THE EVENT THAT ANY PARTY
HERETO ELECTS TO BRING ANY ACTION OR PROCEEDING IN THE STATE OF CALIFORNIA, RELATING TO THIS AGREEMENT OR ANY OF THE OBLIGATIONS, THE PARTIES AGREE THAT SUCH ACTION OR PROCEEDING SHALL BE TRIED SOLELY THROUGH A JUDICIAL REFEREE AS PROVIDED IN
CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 638 THROUGH 645.1. THE PARTIES FURTHER AGREE TO THE APPOINTMENT OF JAMS AS THE REFEREE APPOINTMENT TO CONDUCT THE TRIAL AND SUCH RELATED PROCEEDINGS. THE PARTIES AGREE THAT THE FILING OF ANY PRE-TRIAL MOTION OR ANY PRE-TRIAL PROVISIONAL REMEDY SHALL NOT OPERATE AS A WAIVER OF EACH PARTY’S RIGHT TO TRIAL SOLELY THROUGH A JUDICIAL REFEREE. THE PARTIES
ACKNOWLEDGE THAT THE JUDICIAL REFEREE WILL LIKELY CHARGE FEES AND COSTS OVER AND ABOVE THOSE NORMALLY CHARGED BY A COURT. THE PARTIES AGREE TO INITIALLY EVENLY SPLIT THE FEES AND COSTS OF SUCH REFEREE BETWEEN THE PARTIES, SUBJECT TO SUCH FURTHER
RULINGS BY THE REFEREE. 

 

 31. Venue; Jurisdiction. Any suit, action or proceeding arising hereunder, or the interpretation,
performance or breach hereof, shall, if Lender so elects, be instituted in any court sitting in the Chosen State, in the city in which Lender’s chief executive office is located, or if none, any court sitting in the Chosen State (the
“Acceptable Forums”). Borrower agrees that the Acceptable Forums are convenient to it, and submits to the jurisdiction of the Acceptable Forums and waives any and all objections to jurisdiction or venue. Should such proceeding be initiated
in any other forum, Borrower waives any right to oppose any motion or application made by Lender to transfer such proceeding to an Acceptable Forum. 
 32.
Service of Process. Borrower agrees that Lender may effect service of process upon Borrower by regular mail at the address set forth herein or at such other address as may be reflected in the records of Lender, or at the option of
Lender by service upon Borrower’s agent for the service of process. 
 33. Assignment. Lender may assign its rights and delegate its
duties hereunder. Upon such assignment, Borrower shall be deemed to have attorned to such assignee and shall owe the same obligations to such assignee and shall accept performance hereunder by such assignee as if such assignee were Lender. 

34. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if all
signatures were upon the same instrument. Delivery of an executed counterpart of the signature page to this Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement, and any party delivering such an
executed counterpart of the signature page to this Agreement by facsimile to any other party shall thereafter also promptly deliver a manually executed counterpart of this Agreement to such other party, provided that the failure to deliver such
manually executed counterpart shall not affect the validity, enforceability, or binding effect of this Agreement. 
 35. Notice, Administrative
Borrower, and Joint and Several Liability of Each Borrower. 
 35.1. All notices required to be given to any party other
than Lender shall be deemed given upon the first to occur of (a) three (3) business days after deposit thereof in a receptacle under the control of the United States Postal Service, (b) transmittal by electronic means to a receiver under
the control of such party, or (c) actual receipt by such party or an employee or agent of such party. All notices to Lender shall be deemed given upon actual or constructive receipt by a responsible officer of Lender. 

35.2. For the purposes hereof, notices hereunder shall be sent to the addresses set forth as Contact Addresses on the face page hereof, or to
such other addresses as each such party may in writing hereafter indicate. 
 35.3 Administrative Borrower. Each Borrower
hereunder hereby irrevocably appoints Administrative Borrower as the agent and attorney-in-fact for each such party which appointment shall remain in full force and
effect unless and until Lender shall have received prior written notice signed by each Borrower that such appointment has been revoked and that

 
another specified Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borrower: (a) to provide Lender with all
notices under this Agreement and the other Loan Documents (and any notice or instruction provided by Administrative Borrower shall be deemed to be given by each Borrower hereunder and shall bind each Borrower), (b) to enter into any amendments to
this Agreement on behalf of each Borrower, (c) to receive notices and instructions from Lender (and any notice or instruction provided by Lender to the Administrative Borrower in accordance with the terms hereof shall be deemed to have been
given to each Borrower), and (d) to take such action as the Administrative Borrower deems appropriate on its behalf to obtain credit hereunder and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of
this Agreement. It is understood that the handling of the loan account and Collateral in a combined fashion, as more fully set forth herein, is done solely as an accommodation to each Borrower in order to utilize the collective borrowing powers of
Borrower in the most efficient and economical manner and at their request, and that Lender shall not incur liability to any Borrower as a result hereof. Each Borrower expects to derive benefit, directly or indirectly, from the handling of the loan
account and the Collateral in a combined fashion since the successful operation of each Borrower is dependent on the continued successful performance of the integrated group. To induce the Lender to do so, and in consideration thereof, each Borrower
hereby jointly and severally agrees to indemnify Lender and hold Lender harmless against any and all liability, expense, loss or claim of damage or injury, made against Lender by any Borrower or by any third party whosoever, arising from or incurred
by reason of (i) the handling of the loan account and Collateral of each Borrower as herein provided, or (ii) Lender relying on any instructions of the Administrative Borrower. 

35.4 Joint and Several Liability of Each Borrower. Each Borrower is accepting joint and several liability hereunder and under
the other Loan Documents in consideration of the financial accommodations to be provided by Lender under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other
Borrowers to accept joint and several liability for the Obligations. Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint
and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this Section 35.4), it being the intention of the parties hereto that all the
Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and when due or to
perform any of the Obligations in accordance with the terms thereof, then in each such event the other Borrower or Borrowers will make such payment with respect to, or perform, such Obligation until such time as all of the Obligations are paid in
full. The Obligations of each Borrower under the provisions of this Section 35.4 constitute the absolute and unconditional, full recourse Obligations of each Borrower

 

 
enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of the provisions of this Agreement (other than this
Section 35.4) or any other circumstances whatsoever. 
 36. Definitions and Index to Definitions. The following terms used within this
Agreement shall have the following meaning. All capitalized terms not defined within this Agreement shall have the meaning set forth in the Uniform Commercial Code: 

(a) “Additional Financing Fee” – As stated within the General Rates and Fees, or 30 days based on a 30 day month and 360 day year if
unstated. 
 (b) “Advance” – The funding of all or any portion of the Face Amount of Account prior to collection. 

(c) “Advance Rate” – As stated in the General Rates and Fees. 

(d) “Avoidance Claim” - Any claim that any lien or payment received by Lender is avoidable under the Bankruptcy Code, any other debtor relief
statute, including fraudulent conveyance claims, or through receivership, assignment for the benefit of creditors or any equivalent type payment recovery laws, rules or regulations intended to benefit creditors. 

(e) “Base Fees” - Initial Financing Fee and Additional Financing Fee (not to overlap). 

(f) “Change of Control” – means the person or entity constituting the majority ultimate beneficial owner of the voting equity interests of
Borrower (or having the ability to elect a majority of the board of directors of Borrower) as of the date hereof no longer constituting the majority ultimate beneficial owner of the voting equity interests of Borrower (or having the ability to elect
a majority of the board of directors of Borrower). 
 (g) “Chosen State” - California. 

(h) “Clearance Days”- None. 
 (i) “Closed” - A
Financed Account is closed upon receipt of full payment by Lender from a Payor or from the Borrower (including its being charged to the Reserve Account). 

(j) “Collateral”- All of Borrower’s now owned and hereafter acquired personal property including, without limitation, all Accounts, Chattel
Paper, Deposit Accounts, Inventory, Equipment, Instruments, Investment Property, Documents, Letter of Credit Rights, Commercial Tort Claims, General Intangibles, and all proceeds of each of the foregoing. 

(k) “Complete Termination” – Complete Termination occurs upon satisfaction of the following conditions: (1) Payment in full of all
Obligations of Borrower to Lender; and (2) If Lender has issued or caused to be issued guarantees, promises, or letters of credit on behalf of Borrower, acknowledgement from any beneficiaries thereof that Lender or any other issuer has no
outstanding direct or contingent liability therein. 
 (l) “Concentration Limit” - As stated within the General Rates and Fees, or 25% of
the entire amount outstanding from Borrower. The concentration limit refers to the percentage any debt from a single debtor has over the total amount outstanding from Borrower’s Financed Accounts.

 (m) “Default Rate” – the lesser of: (1) 1% per month on the gross amount of Invoices and
(2) the highest default rate permitted by applicable law; the foregoing Default Rate is in addition to any standard rate accruing hereunder. 
 (n)
“Early Termination Date” – see Section 21.1 hereof. 
 (o) “Early Termination Fee” – As stated in the General Rates and
Fees. 
 (p) “Eligible Account” - An Account that is acceptable for financing hereunder as determined by Lender in the exercise of its
reasonable sole credit or business judgment. 
 (q) “Events of Default” - See Section 17.1. 

(r) “Exposed Payments” – Payments received by Lender from or for the account of a Payor that has become subject to a bankruptcy proceeding, to
the extent such payments cleared the Payor’s deposit account within ninety (90) days of the commencement of said bankruptcy case. 
 (s) “Face
Amount” - the amount invoiced on an Account at the time of the applicable Advance. 
 (t) “Facility Rate” – if applicable, as set forth
in the General Rates and Fees. 
 (u) “Financed Accounts” – Accounts for which a corresponding Advance has been made hereunder which
have not been Closed. 
 (v) “Financing Fee(s)” – Refers to the Initial Financing Fee or Additional Financing Fee and means the Percentage in
the amount aforementioned multiplied by the Face Amount of a Financed Account, for each Financing Fee Period or portion thereof, that any portion thereof remains unpaid, computed from the end of the Initial Fee Period to and including the date on
which a Financed Account is Closed. 
 (w) “Initial Financing Fee” - The first 30 days after the Purchase Price is paid to Borrower or credited by
Lender to Borrower’s Reserve Account based on a 30 day month and 360 day year unless explicitly overridden within the General Rates and Fees. 

(x) “Initial Period” – as set forth in the General Rates and Fees. 

(y) “Invoice” - The document that evidences or is intended to evidence an Account. Where the context so requires, reference to an Invoice shall be
deemed to refer to the Account, Eligible Account or Financed Account to which it relates. 
 (z) “Late Charge” – None. 

(aa) “Late Payment Date” – One Hundred Twenty (120) days from the original invoice date. 

(bb) “LIBOR Rate” – means, for any calendar month, the greater of: (a) two percent (2.00%) per annum, and (b) the three (3) month
U.S. LIBOR rate per annum as reported on Reuters Screen LIBOR01 page (or any successor page) two (2) Business Days prior to the commencement of such calendar month (and, if any such rate is below zero, the LIBOR Rate shall be deemed to be
zero), which determination shall be made by Lender and shall be conclusive in the absence of demonstrable error. In the event the LIBOR Rate is unavailable for any reason, Lender

 

 
may use a replacement index as determined by Lender in its sole discretion after prior consultation with Borrower. 
  

(cc) “Misdirected Payment Fee” – Unless otherwise stated in the General Rates and Fees, 20% of the amount of any payment (but in no event
less than $1,000) on account of a Financed Account which has been received by Borrower and not delivered in kind to Lender on the next business day following the date of receipt by Borrower, or 30% of the amount of any such payment which has been
received by Borrower as a result of any action taken by Borrower to cause such payment to be made to Borrower. 
 (dd) “Obligations” - All present
and future obligations owing by Borrower to Lender whether arising hereunder or otherwise, and whether arising before, during or after the commencement of any Bankruptcy Case in which Borrower is a Debtor. Without limiting the generality hereof,
Borrower acknowledges and agrees that the term “Obligations” shall include, all ledger debt of Borrower, which shall mean and include all indebtedness of Borrower now or hereafter owing to a third party, which Lender has heretofore or
hereafter purchases from such third party, acquires by way of assignment, or in which Lender has heretofore or hereafter acquires a security interest, whether as a result of Lender financing the accounts receivable of such third party or otherwise.
Borrower acknowledges that Lender will be relying upon this provision in financing the accounts receivable of such third parties (consisting of indebtedness and obligations now or hereafter due from Borrower to such third parties), as well as in
permitting Account Debtor’s to incur other indebtedness due to Borrower, but nothing herein shall constitute a commitment of any kind by Lender to factor or finance the accounts receivable of any third

 
party to the extent they represent amounts owing by Borrower to such third parties. 
  

	(ee)	 “Parties” - Borrower and Lender. 

(ff) “Payor” - An Account Debtor or other obligor on an Account, or entity making payment thereon for the account of such party. 

(gg) “Refunded” - An Account has been refunded when Borrower has paid to Lender the then unpaid Face Amount. 

(hh) “Required Reserve Amount” - The Reserve Percentage multiplied by the unpaid balance of Financed Accounts. 

(ii) “Reserve Account” - A bookkeeping account on the books of the Lender representing the portion of the Face Amount of the Financed Account which
has not been paid by Lender to Borrower, maintained by Lender to ensure Borrower’s performance with the provisions hereof. 
 (jj) “Reserve
Percentage” - 100% less the Advance Rate. The Reserve Percentage may be increased or decreased at any time in Lender’s sole discretion. 
 (kk)
“Reserve Shortfall” - The amount by which the Reserve Account is less than the Required Reserve Amount. 
 (ll) “Restricted Industry” -
any of the following industries: adult entertainment, firearm or ammunition sales or manufacturing, or gambling. 
  

	(mm)	 “Term” – Eighteen (18) Months. 

(nn) “UCC” - The Uniform Commercial Code as adopted in the Chosen State. 

[SIGNATURES AGREEING TO THE STANDARD TERMS AND CONDITIONS APPEAR ON THE FIRST PAGE]

 

 SCHEDULE 12.5 

PERMITTED INDEBTEDNESS FOR BORROWED MONEY 

 SCHEDULE 14.3 

FORMER NAMES AND TRADE NAMES 

 SCHEDULE 14.8 

DISCLOSURE OF REGISTERED PATENTS, COPYRIGHTS, AND TRADEMARKSSony Group Corp S-8

 

Exhibit
4.1

 

 

(English
translation)

 

(45th
Series Japan and U.S. Participants)

 

AGREEMENT
CONCERNING 

ALLOCATION
OF THE STOCK ACQUISITION RIGHTS  

OF
SONY GROUP CORPORATION 

FOR
THE FISCAL YEAR 2021

 

SONY
GROUP CORPORATION (hereinafter referred to as the “Corporation”) and ___________________ (hereinafter referred to
as the “Qualified Person”) enter into this Agreement as set forth in Exhibit 1 in connection with the 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 Exhibit 2 attached hereto and pursuant to the special resolution adopted at the 104th Ordinary
General Meeting of Shareholders held on June 22, 2021 and the resolution adopted at the meeting of the Board of Directors held
on October 28, 2021.

 

The
number of Stock Acquisition Rights that the Qualified Person is to apply for the subscription for in accordance with Article 3
of Exhibit 1 and that the Corporation is to allocate to the Qualified Person shall be __________.

 

IN
WITNESS WHEREOF, 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. Each party confirms that this Agreement has been
executed as of November 17, 2021.

 

November
17, 2021

 

	 	SONY GROUP
    CORPORATION

 7-1, Konan 1-chome, Minato-ku, Tokyo
	 	 	 
	 	By:	Kenichiro Yoshida
	 	 	Chairman, President
    and Chief Executive Officer, 

Representative Corporate Executive Officer
	 	 	 
	 	QUALIFIED
    PERSON
	 	 	 
	 	By:	 
	 	 	 

     

     

    

 

Exhibit
1

 

The
terms and conditions of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group Corporation for the
Fiscal Year 2021 (including exhibits; hereinafter referred to as this “Agreement”) shall be as follows. Unless otherwise
provided for, the terms used in this Exhibit 1 shall have the same meaning as the terms used in the main body of this Agreement.

 

		Article
                            1	(Purpose)

 

The
primary purpose of allocating the Stock Acquisition Rights to the Qualified Person is to give the Qualified Person an incentive
to contribute towards the improvement of the Sony Group’s business performance and thereby improve the 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 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.

 

		Article
                            3	(Subscription
for and Allocation of the Stock Acquisition Rights)

 

The
Qualified Person hereby applies for subscription for the number of Stock Acquisition Rights set forth in the main body of this
Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this
Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the
following terms on November 18, 2021 (hereinafter referred to as the “Allotment Date”).

 

		(1)	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
the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation
of the shares of common stock of the Corporation, the number of shares to be issued or transferred 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
Granted Shares 

after adjustment
	=	Number
    of 

    Granted Shares

    before Adjustment	x	Ratio
of split or

        consolidation

	 	 	 	 	 

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

 

     

     

    

 

		(2)	Payment
                                         in exchange for Stock Acquisition Rights:

 

The
Stock Acquisition Rights are issued without payment of any consideration to the Corporation.

 

		(3)	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”) is initially:

 

¥
● yen

 

Provided,
however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock
Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such
date, the Closing Price on the immediately preceding trading day) is higher than ¥ ● yen, then the amount equal to the Closing
Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise
Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.

 

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

 

As
provided for in Exhibit 3 of this Agreement

 

		Article
                            4	(Corporation
and its Shares)

 

		(1)	Trade
                                         name of the Corporation:

 

SONY
GROUP CORPORATION

 

		(2)	Total
                                         number of shares authorized to be issued by the Corporation:

 

3,600,000,000
shares

 

		(3)	Number
                                         of shares constituting one (1) unit of shares:

 

100
shares

 

		(4)	Transfer
                                         Agent

 

Mitsubishi
UFJ Trust and Banking Corporation

 

4-5,
Marunouchi 1-chome, Chiyoda-ku, Tokyo

 

(Business
office) Mitsubishi UFJ Trust and Banking Corporation

 

Corporate
Agency Division

 

4-5,
Marunouchi 1-chome, Chiyoda-ku, Tokyo

 

    - 2 - 

     

    

 

		(5)	Application
                                         of the Act on Transfer of Bonds, Shares, etc.

 

The
provisions of the Act on Transfer of Bonds, Shares, etc. will apply to shares of common stock of Sony Group Corporation to be
issued or transferred upon exercise of each Stock Acquisition Right.

 

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

 

1. 
      Notwithstanding Item (4) of Article 3 above, one-third of the aggregate number of the
Stock Acquisition Rights allocated to the Qualified Person (any fraction less than one (1) Stock Acquisition Right shall be
disregarded) (hereinafter referred to as the “First Exercisable Portion”) is exercisable as from and including
the commencement date of the period provided for in Item (4) of Article 3 (hereinafter referred to as the “Commencement
Date of Exercisable Period”), 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 allocated to such Qualified Person (any
fraction less than one (1) Stock Acquisition Right shall be disregarded) (hereinafter referred to as the “Second
Exercisable Portion”) is exercisable as from and including November 18, 2023 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 allocated to such Qualified Person is exercisable as from and including November 18,
2024.

 

2.    
   In case that the Qualified Person forfeits either status as a director, corporate executive officer,
officer or employee of the Corporation or of group companies of the Corporation (subsidiaries and affiliates of the
Corporation as defined in the “Ordinance for Terms, Forms and Preparation Methods of Financial Statements, etc.”
under the Japanese Financial Instruments and Exchange Act, hereinafter collectively referred to as the “Sony Group
Companies”) by falling under any of the following Items, the exercise of the Stock Acquisition Rights shall be subject
to the restrictions provided for in such following Item; provided, however, that in no case may any Stock Acquisition Rights
be exercised after the period provided for in Item (4) of Article 3.

 

		(1)	If
                                         the Qualified Person is subject to punitive dismissal or resignation under instruction
                                         pursuant to the rules of employment of the Corporation or of the Sony Group Companies
                                         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,
corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies (hereinafter referred to as
the “Status Forfeit Date”);

 

		(2)	If
                                         the Qualified Person ceases to be a director, corporate executive officer, officer or
                                         employee of the Corporation or of the Sony Group Companies due to his/her death:

 

Subject
to the provision of Article 7, 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”) until and including the last day of the one (1) year period commencing on the date immediately following
the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period), 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 the 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 until and including the last day of the one (1) year period commencing on the date immediately following
the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period) subject to the provision of Article 7; and

 

    - 3 - 

     

    

 

		(3)	If
                                         the Qualified Person forfeits the status as a director, corporate executive officer,
                                         officer or employee of the Corporation or of the Sony Group Companies due to any other
                                         events:

 

The
Qualified Person may exercise the Exercisable Stock Acquisition Rights until and including the last day of the one (1) year period
commencing on the date immediately following the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday
of the Corporation, the immediately preceding business day shall be the last day of such period), but may not exercise the Unexercisable
Stock Acquisition Rights on and after the 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 until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
shall be the last day of such period).

 

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

 

		(1)	If
                                         the Qualified Person works for a competitor of the Corporation or of the Sony Group Companies
                                         as such competitor’s officer, employee or consultant, and any of the designated
                                         Representative Corporate Executive Officer(s) of the Corporation determines not to permit
                                         the exercise by such Qualified Person of the Stock Acquisition Rights allocated to such
                                         Qualified Person.

 

    - 4 - 

     

    

 

		(2)	If
                                         the Qualified Person is regarded by the Corporation to have performed any act of disloyalty
                                         against the Corporation or the Sony Group Companies.

 

		(3)	If
                                         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.

 

5.         In
no circumstances shall any Qualified Person request the Corporation to purchase the Stock Acquisition Rights held by him/her.

 

		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 3 of this Agreement,
and in addition, detailed matters concerning such procedures shall be provided for in a “Guide to the Sony Stock Option
Program” separately provided and delivered by the Corporation to the Qualified Person 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 such 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 such Qualified Person may not exercise the Stock
Acquisition Rights if such Qualified Person has given a prior written notice to the Corporation in the form prescribed by the
Corporation to the effect that such 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 as a director, corporate executive officer, officer or
employee of the Corporation or of the Sony Group Companies due to any events provided for in each Item of Article 5,
Paragraph 2 (excluding Item (2)), the heir of such Qualified Person may exercise the Stock Acquisition Rights during the
period from and including such 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 such 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 (4) of Article 3.

 

2.
         In case that there are more than one (1) heir of the Qualified Person, the heirs
must designate one (1) 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 (3) months or less are required);

 

    - 5 - 

     

    

 

		(2)	Seal
                                         registration certificate of the heirs (Those issued within three (3) 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	(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
                            9	(Compliance
with Financial Instruments and Exchange Act, Etc.)

 

1.       The
Qualified Person shall, in selling the shares of common stock of the Corporation, which such Qualified Person has acquired upon
exercise of the Stock Acquisition Rights, comply with the Financial Instruments and Exchange Act of Japan, any other applicable
laws and regulations including but not limited to applicable U.S. laws, 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 such Qualified Person has acquired upon
exercise of the Stock Acquisition Rights, confirm in advance with the Legal Division 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 Financial Instruments and Exchange Act of Japan.

 

		Article
                            10	(Treatment
in Events of Corporate Transaction)

 

1.       In
the event of any corporate transaction excluding (a) a consolidation, amalgamation or merger in which the Corporation is not the
continuing corporation, or (b) share exchange (kabushiki-kokan) or share transfer (kabushiki-iten) pursuant to which
the Corporation is to become a wholly-owned subsidiary of another corporation involving the Corporation, including a dissolution
or liquidation of the Corporation, a sale of all or substantially all of the Corporation’s assets, a corporate split, 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 Stock Acquisition Rights shall have the right during the term to exercise the Stock Acquisition
Rights and upon the exercise of the Stock Acquisition Rights 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 Stock Acquisition Rights
could have been exercised immediately prior to such transaction or (y) prevent from being exercised, effective immediately upon
the occurrence of such transaction, each Stock Acquisition Right outstanding immediately prior to such transaction (whether or
not then exercisable).

 

    - 6 - 

     

    

 

2.       In
the event that the Corporation enters into a definitive agreement or makes a decision by board resolution or by shareholder approval
at the shareholders’ meeting to effectuate one (1) or more of the transactions or events described in the immediately preceding
Paragraph, the Corporation may provide not less than twenty days advance notice to the Qualified Person from the consummation
of such transaction or event and give the Qualified Person the opportunity to exercise their Stock Acquisition Rights (whether
or not such Stock Acquisition Rights are then vested or exercisable), immediately prior to, and subject to, the consummation of
such transaction or event.

 

		Article
                            11	(Condition
Subsequent)

 

This
Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in
the position of director, corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies on
the Allotment Date.

 

		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.

 

    - 7 - 

     

    

 

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

 

1.       If
it is found that this Agreement is not in compliance with the Companies Act, the Financial Instruments and Exchange Act, the Income
Tax Act, the Corporation Tax Act 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 the 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 in the first instance for settling any and all disputes that arise under or in connection with this Agreement.

 

    - 8 - 

     

    

 

(English
translation)

 

(45th
Series Overseas Participants (Excluding U.S.))

 

AGREEMENT
CONCERNING

ALLOCATION
OF THE STOCK ACQUISITION RIGHTS 

OF
SONY GROUP CORPORATION

FOR
THE FISCAL YEAR 2021

 

SONY
GROUP CORPORATION (hereinafter referred to as the “Corporation”) and ___________________ (hereinafter referred to
as the “Qualified Person”) enter into this Agreement as set forth in Exhibit 1 in connection with the 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 Exhibit 2 attached hereto and pursuant to the special resolution adopted at the 104th Ordinary
General Meeting of Shareholders held on June 22, 2021 and the resolution adopted at the meeting of the Board of Directors held
on October 28, 2021.

 

The
number of Stock Acquisition Rights that the Qualified Person is to apply for the subscription for in accordance with Article 3
of Exhibit 1 and that the Corporation is to allocate to the Qualified Person shall be __________.

 

IN
WITNESS WHEREOF, 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. Each party confirms that this Agreement has been
executed as of November 17, 2021.

 

November
17, 2021

 

	 	SONY GROUP
    CORPORATION 

7-1, Konan 1-chome, Minato-ku, Tokyo
	 	 	 
	 	By:	Kenichiro Yoshida
	 	 	Chairman, President
    and Chief Executive Officer, 

Representative Corporate Executive Officer
	 	 	 
	 	QUALIFIED
    PERSON
	 	 	 
	 	By:	 
	 	 	 

     

     

    

 

Exhibit
1

 

The
terms and conditions of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group Corporation for the
Fiscal Year 2021 (including exhibits; hereinafter referred to as this “Agreement”) shall be as follows. Unless otherwise
provided for, the terms used in this Exhibit 1 shall have the same meaning as the terms used in the main body of this Agreement.

 

		Article 1  	(Purpose)

 

The
primary purpose of allocating the Stock Acquisition Rights to the Qualified Person is to give the Qualified Person an incentive
to contribute towards the improvement of the Sony Group’s business performance and thereby improve the 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 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.

 

		Article 3	(Subscription
for and Allocation of the Stock Acquisition Rights)

 

The
Qualified Person hereby applies for subscription for the number of Stock Acquisition Rights set forth in the main body of this
Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this
Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the
following terms on November 18, 2021 (hereinafter referred to as the “Allotment Date”).

 

		(1)	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
the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation
of the shares of common stock of the Corporation, the number of shares to be issued or transferred 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
Granted Shares 

after adjustment
	=	Number
    of 

    Granted Shares

    before Adjustment	x	Ratio
of split or

        consolidation

	 	 	 	 	 

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

 

     

     

    

 

		(2)	Payment
                                         in exchange for Stock Acquisition Rights:

 

The
Stock Acquisition Rights are issued without payment of any consideration to the Corporation.

 

		(3)	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”) is initially:

 

¥
● yen

 

Provided,
however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock
Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such
date, the Closing Price on the immediately preceding trading day) is higher than ¥ ● yen, then the amount equal to the Closing
Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise
Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.

 

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

 

As
provided for in Exhibit 3 of this Agreement

 

		Article
                            4	(Corporation
and its Shares)

 

		(1)	Trade
                                         name of the Corporation:

 

SONY
GROUP CORPORATION

 

		(2)	Total
                                         number of shares authorized to be issued by the Corporation:

 

3,600,000,000
shares

 

		(3)	Number
                                         of shares constituting one (1) unit of shares:

 

100
shares

 

		(4)	Transfer
                                         Agent

 

Mitsubishi
UFJ Trust and Banking Corporation

 

4-5,
Marunouchi 1-chome, Chiyoda-ku, Tokyo

 

(Business
office) Mitsubishi UFJ Trust and Banking Corporation

 

Corporate
Agency Division 

 

4-5,
Marunouchi 1-chome, Chiyoda-ku, Tokyo

 

    - 2 - 

     

    

 

		(5)	Application
                                         of the Act on Transfer of Bonds, Shares, etc.

 

The
provisions of the Act on Transfer of Bonds, Shares, etc. will apply to shares of common stock of Sony Group Corporation to be
issued or transferred upon exercise of each Stock Acquisition Right.

 

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

 

1.       Notwithstanding
Item (4) of Article 3 above, one-third of the aggregate number of the Stock Acquisition Rights allocated to the Qualified Person
(any fraction less than one (1) Stock Acquisition Right shall be disregarded) (hereinafter referred to as the “First Exercisable
Portion”) is exercisable as from and including the commencement date of the period provided for in Item (4) of Article 3
(hereinafter referred to as the “Commencement Date of Exercisable Period”), 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 allocated to
such Qualified Person (any fraction less than one (1) Stock Acquisition Right shall be disregarded) (hereinafter referred to as
the “Second Exercisable Portion”) is exercisable as from and including November 18, 2023 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 allocated to such Qualified Person is exercisable as from and including November 18, 2024.

 

2.       In
case that the Qualified Person forfeits either status as a director, corporate executive officer, officer or employee of the Corporation
or of group companies of the Corporation (subsidiaries and affiliates of the Corporation as defined in the “Ordinance for
Terms, Forms and Preparation Methods of Financial Statements, etc.” under the Japanese Financial Instruments and Exchange
Act, hereinafter collectively referred to as the “Sony Group Companies”) by falling under any of the following Items,
the exercise of the Stock Acquisition Rights shall be subject to the restrictions provided for in such following Item; provided,
however, that in no case may any Stock Acquisition Rights be exercised after the period provided for in Item (4) of Article 3.

 

		(1)	If
                                         the Qualified Person is subject to punitive dismissal or resignation under instruction
                                         pursuant to the rules of employment of the Corporation or of the Sony Group Companies
                                         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,
corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies (hereinafter referred to as
the “Status Forfeit Date”);

 

		(2)	If
                                         the Qualified Person ceases to be a director, corporate executive officer, officer or
                                         employee of the Corporation or of the Sony Group Companies due to his/her death:

 

Subject
to the provision of Article 7, 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”) until and including the last day of the one (1) year period commencing on the date immediately following
the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period), 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 the 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 until and including the last day of the one (1) year period commencing on the date immediately following
the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period) subject to the provision of Article 7; and

 

    - 3 - 

     

    

 

		(3)	If
                                         the Qualified Person forfeits the status as a director, corporate executive officer,
                                         officer or employee of the Corporation or of the Sony Group Companies due to any other
                                         events:

 

The
Qualified Person may exercise the Exercisable Stock Acquisition Rights until and including the last day of the one (1) year period
commencing on the date immediately following the Status Forfeit Date (if the last day of this one (1) year period falls on a holiday
of the Corporation, the immediately preceding business day shall be the last day of such period), but may not exercise the Unexercisable
Stock Acquisition Rights on and after the 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 until and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
Date (if the last day of this one (1) year period falls on a holiday of the Corporation, the immediately preceding business day
shall be the last day of such period).

 

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

 

		(1)	If
                                         the Qualified Person works for a competitor of the Corporation or of the Sony Group Companies
                                         as such competitor’s officer, employee or consultant, and any of the designated
                                         Representative Corporate Executive Officer(s) of the Corporation determines not to permit
                                         the exercise by such Qualified Person of the Stock Acquisition Rights allocated to such
                                         Qualified Person.

 

    - 4 - 

     

    

 

		(2)	If
                                         the Qualified Person is regarded by the Corporation to have performed any act of disloyalty
                                         against the Corporation or the Sony Group Companies.

 

		(3)	If
                                         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.

 

5.         In
no circumstances shall any Qualified Person request the Corporation to purchase the Stock Acquisition Rights held by him/her.

 

		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 3 of this Agreement,
and in addition, detailed matters concerning such procedures shall be provided for in a “Guide to the Sony Stock Option
Program” separately provided and delivered by the Corporation to the Qualified Person 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 such 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 such Qualified Person may not exercise the Stock Acquisition Rights if such Qualified
Person has given a prior written notice to the Corporation in the form prescribed by the Corporation to the effect that such 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 as a director, corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies due
to any events provided for in each Item of Article 5, Paragraph 2 (excluding Item (2)), the heir of such Qualified Person may
exercise the Stock Acquisition Rights during the period from and including such 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 such 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 (4) of Article 3.

 

2.          In
case that there are more than one (1) heir of the Qualified Person, the heirs must designate one (1) 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 (3) months or less are required);

 

    - 5 - 

     

    

 

		(2)	Seal
                                         registration certificate of the heirs (Those issued within three (3) 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	(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
                            9	(Compliance
with Financial Instruments and Exchange Act, Etc.)

 

1.       The
Qualified Person shall, in selling the shares of common stock of the Corporation, which such Qualified Person has acquired upon
exercise of the Stock Acquisition Rights, comply with the Financial Instruments and Exchange Act of Japan, any other applicable
laws and regulations including but not limited to applicable U.S. laws, 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 such Qualified Person has acquired upon
exercise of the Stock Acquisition Rights, confirm in advance with the Legal Division 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 Financial Instruments and Exchange Act of Japan.

 

		Article
                            10	(Treatment
in Events of Corporate Transaction)

 

1.       In
the event of any corporate transaction excluding (a) a consolidation, amalgamation or merger in which the Corporation is not the
continuing corporation, or (b) share exchange (kabushiki-kokan) or share transfer (kabushiki-iten) pursuant to which
the Corporation is to become a wholly-owned subsidiary of another corporation involving the Corporation, including a dissolution
or liquidation of the Corporation, a sale of all or substantially all of the Corporation’s assets, a corporate split, 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 Stock Acquisition Rights shall have the right during the term to exercise the Stock Acquisition
Rights and upon the exercise of the Stock Acquisition Rights 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 Stock Acquisition Rights
could have been exercised immediately prior to such transaction or (y) prevent from being exercised, effective immediately upon
the occurrence of such transaction, each Stock Acquisition Right outstanding immediately prior to such transaction (whether or
not then exercisable).

 

    - 6 - 

     

    

 

2.       In
the event that the Corporation enters into a definitive agreement or makes a decision by board resolution or by shareholder approval
at the shareholders’ meeting to effectuate one (1) or more of the transactions or events described in the immediately preceding
Paragraph, the Corporation may provide not less than twenty days advance notice to the Qualified Person from the consummation
of such transaction or event and give the Qualified Person the opportunity to exercise their Stock Acquisition Rights (whether
or not such Stock Acquisition Rights are then vested or exercisable), immediately prior to, and subject to, the consummation of
such transaction or event.

 

		Article
                            11	(Condition
Subsequent)

 

This
Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in
the position of director, corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies on
the Allotment Date.

 

		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.

 

    - 7 - 

     

    

 

		Article
                            13	(Representations,
Warranties, Covenants and Confirmations)

 

The
Qualified Person shall represent, warrant, covenant and confirm the matters set forth in Exhibit 4 of this Agreement for the benefit
of the Corporation. The following terms included in Exhibit 4 shall have the following meaning:

 

“Allocation
Agreement” means this Agreement;

 

“Corporation”
means the Corporation;

 

“Qualified
Person” means the Qualified Person; and

 

“Option”
means the Stock Acquisition Rights.

 

		Article
                            14	(Amendment
to this Agreement and Treatment of Matters Not Provided for in this Agreement)

 

1.       If
it is found that this Agreement is not in compliance with the Companies Act, the Financial Instruments and Exchange Act, the Income
Tax Act, the Corporation Tax Act 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 15	(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 the 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).

 

    - 8 - 

     

    

 

		Article
                            16	(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 in the first instance for settling any and all disputes that arise under or in connection with this Agreement.

 

    - 9 - 

     

    

 

(English
translation)

 

Exhibit
2

 

TERMS
AND CONDITIONS OF THE FORTY FIFTH SERIES OF 

STOCK ACQUISITION RIGHTS

FOR
SHARES OF COMMON STOCK OF SONY GROUP CORPORATION

 

These
terms and conditions of the stock acquisition rights shall apply to the Forty Fifth Series of Stock Acquisition Rights for Shares
of Common Stock (hereinafter referred to as the “Stock Acquisition Rights”) of Sony Group Corporation (hereinafter
referred to as the “Corporation”) issued on November 18, 2021 by the Corporation in accordance with the special resolution
adopted at the 104th Ordinary General Meeting of Shareholders held on June 22, 2021 and the resolution adopted at the meeting
of the Board of Directors held on October 28, 2021:

 

	1.
        Aggregate Number of Stock Acquisition Rights

         
	24,080
	2.
        Class and Number of Shares to be Issued or Transferred upon Exercise of Stock Acquisition Rights

         
	The
        class of shares to be issued or transferred upon exercise of the Stock Acquisition Rights shall be shares of common stock,
        and the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred
        to as the “Number of Granted Shares”) shall be 100 shares.

         

        The
        aggregate number of shares to be issued or transferred upon exercise of the Stock Acquisition Rights shall be 2,408,000
        shares of common stock of the Corporation (hereinafter referred to as the “Common Stock”). However, in the
        event that the Number of Granted Shares is adjusted pursuant to Condition 3 below, the aggregate number of shares to be
        issued or transferred upon exercise of the Stock Acquisition Rights shall be adjusted to the number obtained by multiplying
        the Number of Granted Shares after adjustment by the aggregate number of the Stock Acquisition Rights as prescribed in
        Condition 1 above.

         

	3. Adjustment of Number
    of Granted Shares	(1)
    In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or
    consolidation of the Common Stock, the Number of Granted Shares shall be adjusted in accordance with the following formula:
	 	 

	 	 	Number of

    Granted Shares

 after adjustment	=	Number
    of

    Granted Shares

    before adjustment	x	Ratio
of split or

        consolidation
	 

 

	 	(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 for the Stock Acquisition Rights which have not been 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 on which the Exercise Price
after adjustment becomes effective as provided for in Item (2) of Condition 7 with regard to the adjustment of the Exercise Price
pursuant to Condition 7 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.
        Payment in exchange for Stock Acquisition Rights

         
	The
    Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
	5.
        Allotment Date of Stock Acquisition Rights

         
	November
    18, 2021 (hereinafter referred to as the “Allotment Date”)
	6.
        Amount of Assets to be Contributed upon Exercise of Stock Acquisition Rights

         
	The
        amount of assets to be contributed upon exercise of the Stock Acquisition Rights shall be the amount obtained by multiplying
        the amount to be paid per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter
        referred to as the “Exercise Price”) by the Number of Granted Shares. The Exercise Price is initially ●
        yen.

         

        Provided,
        however, that if the closing price of the Common Stock in the regular trading thereof on the Tokyo Stock Exchange (hereinafter
        referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the
        Closing Price on the immediately preceding trading day) is higher than ● yen, then the amount equal to the Closing
        Price on the Allotment Date shall be the initial Exercise Price.

         

	7.
        Adjustment of Exercise Price

         
	(1)
        In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate))
        or consolidation of the Common Stock after the Allotment 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 the adjustment
        shall be rounded up to the nearest one (1) yen:

         

	 	 	Exercise
    

    Price after 

    adjustment	=	Exercise
    

    Price before 

    adjustment	×	

                                                                                 

                                                                                 1
	 

                                                                                 

	Ratio
    of split or consolidation

 

	 	(2)
        In the 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 the case of a stock split, on and after the day immediately
        following the record date for such stock split, and in the case of a stock consolidation, on and after the effective date
        thereof.

         

        (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 a manner deemed to be appropriate by the Corporation in the following cases.

         

        (i)  When
        the Exercise Price is required to be adjusted due to a merger, corporate split (split by new incorporation or by absorption)
        or reduction of the amount of capital of the Corporation.

         

        (ii) In
        addition to Item (i) above, when the Exercise Price is required to be adjusted due to the occurrence of an event that
        causes or may cause a change in the total number of the issued Common Stock.

         

 

    2  

     

    

 

	 	(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 Acquisition Rights May be Exercised

         
	From
        and including November 18, 2022, up to and including November 17, 2031. 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 Stock Acquisition Rights

         
	(1)
        No Stock Acquisition Right may be exercised in part.

         

        (2)
        In the event of a resolution being passed at a general meeting of shareholders of the Corporation for an agreement for
        any consolidation, amalgamation or merger (other than a consolidation, amalgamation or merger in which the Corporation
        is the continuing corporation), or in the event of a resolution being passed at a general meeting of shareholders of the
        Corporation (or, where a resolution of a general meeting of shareholders is not necessary, at a meeting of the Board of
        Directors of the Corporation) for any agreement for share exchange (kabushiki-kokan) or any plan for share transfer
        (kabushiki-iten) pursuant to which the Corporation is to become a wholly-owned subsidiary of another corporation,
        the Stock Acquisition Rights may not be exercised on and after the effective date of such consolidation, amalgamation
        or merger, such share exchange (kabushiki-kokan), or such share transfer (kabushiki-iten).

         

	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 Stock Acquisition Rights or to effect similar compliance
        under any similar laws. Notwithstanding anything herein to the contrary, the Corporation shall not be obligated to issue
        or cause to be issued or delivered any 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 Common Stock is in compliance with all applicable
        laws, regulations of governmental authorities and the requirements of any securities exchange on which the Common Stock
        is traded. The Corporation may require, as a condition to the issuance and transfer of the Common Stock pursuant to these
        terms and conditions, that the recipient of such Common Stock make such covenants, agreements and representations, and
        that records and any other documentation of such Common Stock bear such legends, as the Corporation deems necessary or
        desirable. The exercise of any Stock Acquisition Right granted hereunder shall only become effective at such time as counsel
        to the Corporation shall have determined that the issuance and transfer of the Common Stock pursuant to such exercise
        is in compliance with all applicable laws, regulations of governmental authorities and the requirements of any securities
        exchange on which the Common Stock is traded.

         

        The
        Corporation may, in its sole discretion, defer the effectiveness of the exercise of a Stock Acquisition Right granted
        hereunder to allow the issuance and transfer of the Common Stock upon such exercise 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 such Stock Acquisition Right in writing of the decision to defer the effectiveness
        of the exercise of such Stock Acquisition Right granted hereunder. During the period that the effectiveness of the exercise
        of a Stock Acquisition Right has been deferred, the holder of such Stock Acquisition Right may, by a written notice, withdraw
        such exercise and obtain the refund of any amounts paid in connection with such exercise.

         

	11.
        Mandatory Repurchase of Stock Acquisition Rights

         
	Not
    applicable.

 

    3  

     

    

 

	12.
        Restrictions on Acquisition of Stock Acquisition Rights through Transfer

         
	The
    Stock Acquisition Rights cannot be acquired through transfer, unless such acquisition is expressly approved by the Board of
    Directors of the Corporation.
	13. Application for
    Exercise of Stock Acquisition Rights and Manner of Payment	(1)
        In the case of exercise of the Stock Acquisition Rights, the holder of the Stock Acquisition 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.
        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 at such place.

         

        (2)
        With submission of the Application Form for Exercise of the Stock Acquisition Rights as provided in (1) above, the entire
        amount of the Exercise Price to be paid in 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 at or before 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 for Exercise of Stock Acquisition Rights are Made

         
	Corporate
        Human Resources (or any division in charge of the relevant service from time to time) of Sony Group Corporation.

         

	15.
        Payment Handling Place on Exercise of Stock Acquisition Rights

         
	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 Stock Acquisition Rights	The
        exercise of the Stock Acquisition Rights shall become effective when an Application Form for Exercise of the Stock Acquisition
        Rights referred to in Item (1) of Condition 13 which is accepted at the place where applications for exercise of the Stock
        Acquisition Rights are made are delivered to the payment handling place provided for in Condition 15 and the Amount of
        Payment is duly paid to the Designated Account.

         

	17. Matters concerning
    the Amount of Capital and the Additional Paid-in Capital Increased by the Issuance of Shares upon Exercise of Stock Acquisition
    Rights	(1)
        The amount of capital increased by the issuance of shares upon exercise of the Stock Acquisition Rights shall be the amount
        obtained by multiplying the maximum limit of capital increase, as calculated in accordance with the provisions of Paragraph
        1, Article 17 of the Company Accounting Ordinance of Japan, by 0.5, and any fraction less than one (1) yen arising as
        a result of such calculation shall be rounded up to the nearest one (1) yen.

         

        (2)
The amount of additional paid-in capital increased by the issuance of shares upon exercise of the Stock Acquisition Rights shall
be the amount obtained by deducting the capital to be increased, as provided in (1) above, from the maximum limit of capital increase,
as also provided in (1) above.

 

    4  

     

    

 

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

         

	19. Handling of Matters
    Relating to Amendments to Companies Act, and other Laws and Regulations	In
    the case that provisions of the Companies Act of Japan and/or other Japanese laws and regulations relating to the shares or
    the stock acquisition rights are amended after the Allotment Date of the Stock Acquisition Rights, the Corporation may take
    necessary measures for handling the matters relating thereto in a manner deemed as appropriate by the Corporation in accordance
    with the provisions of the Companies Act of Japan and/or other Japanese laws and regulations then in effect and consistent
    with these terms and conditions.

 

    5  

     

    

 

(English
translation)

 

Exhibit
3

 

EXERCISE PERIOD (TAX ELIGIBLE)

 

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 Exhibit 1 of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group
Corporation for the Fiscal Year 2021 (including exhibits; hereinafter referred to as the “Agreement”) and the period
during which the Stock Acquisition Rights may be exercised provided for in Item (4) of Article 3 of Exhibit 1 of the Agreement.
Unless otherwise provided for, the terms used in this Exhibit 3 shall have the same meaning as used in the main body and Exhibit
1 of 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 October 29, 2023 to and including
October 28, 2031 (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 Exhibit
1 of the Agreement.).

 

2.       (Method
of exercise of the Stock Acquisition Rights)

 

		(1)	In
                                         order to be entitled to the special taxation measure (hereinafter referred to as the
                                         “Special Taxation Measure”) provided for in Article 29-2 of the Act on Special
                                         Measures Concerning Taxation, the Qualified Person shall be subject to the following
                                         provisions, as for the exercise of the Stock Acquisition Rights, as well as the conditions
                                         provided for in the Terms and Conditions and Exhibit 1 of the Agreement.

 

(i)
Total amount of exercise price with respect to the exercise of the Stock Acquisition Rights for one (1) calendar year (from and
including January 1 to and including December 31) shall not exceed ¥12,000,000.

 

(ii)
The shares that the Qualified Person acquires upon exercise of the Stock Acquisition Rights shall be delivered through the account
that the Qualified Person opens in his/her name at a sales office or a business office of a financial instruments business operator,
etc. for the purposes of (a) writing or recording his/her transaction with respect to the stock option in a transfer account book
and/or (b) holding such shares on his/her behalf. Such account shall be opened pursuant to an agreement for the above-mentioned
purposes entered into between the Corporation and such financial instruments business operator, etc. in accordance with Article
29-2, Paragraph 1, Item 6 of the Act on Special Measures Concerning Taxation. Information on such financial instruments business
operator, etc. is described in the “Guide to the Sony Stock Option Program” provided for in Article 6 of Exhibit 1
of the Agreement.

 

     

     

    

 

(iii)
The Qualified Person shall comply with the procedures set forth in the “Guide to the Sony Stock Option Program” as
specified procedures required by the relevant law to be entitled to the Special Taxation Measure.

 

		(2)	In
                                         the case where the Qualified Person is a major shareholder or a person involved with
                                         a major shareholder, which is specified in the Act on Special Measures Concerning Taxation
                                         or may not be entitled to the above Special Taxation Measure pursuant to such Act, Items
                                         (i) and (iii) of the immediately preceding Paragraph shall not apply to such Qualified
                                         Person.

 

    2  

     

    

 

(English
translation)

 

Exhibit
3

 

EXERCISE PERIOD (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 Exhibit 1 of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group
Corporation for the Fiscal Year 2021 (including exhibits; hereinafter referred to as the “Agreement”) and the period
during which the Stock Acquisition Rights may be exercised, which is provided for in Item (4) of Article 3 of Exhibit 1 of the
Agreement. Unless otherwise provided for, the terms used in this Exhibit 3 shall have the same meaning as used in the main body
and Exhibit 1 of 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 November 18, 2022 to and including
November 17, 2031 (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 Exhibit
1 of the Agreement.).

 

2.       (Method
of delivery of shares)

 

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 financial instruments business operators,
etc. for writing or record in a transfer account book or custody of the shares with respect to the stock option pursuant to the
arrangements for writing or record in a transfer account book or delegation of custody of the shares entered into between the
Corporation and such financial instruments business operators, etc. Information on such financial instruments business operators,
etc. is described in the “Guide to the Sony Stock Option Program” provided for in Article 6 of Exhibit 1 of the Agreement.

 

     

     

    

 

Exhibit
4

 

REPRESENTATIONS
AND WARRANTIES FOR NON-US PARTICIPANTS

 

The
Qualified Person confirms the following matters pursuant to Article 13 of Exhibit 1 attached to the Allocation Agreement.

 

		1.	(Employment
Contract)

I
understand that nothing in the Sony Group Corporation Stock Acquisition Rights Plan (the “Plan”) terms form part of
my employment contract, unless my employment contract expressly states otherwise. Participation in the Plan does not create any
right to continued employment.

 

I
understand that neither the participation in the Plan nor the grant of the Stock Acquisition Rights (hereinafter referred to as
the “Option” in this Exhibit 4) creates any rights to participate in the Plan or to be granted any stock acquisition
right, Option or award in the future. The Plan may cease to be operated in the future although any existing Options granted under
the Plan will continue in accordance with the Allocation Agreement, Exhibits, and the Terms and Conditions.

 

I
understand that I have no claim or right of action in respect of any decision, omission or discretion which may operate to my
disadvantage even if it is unreasonable, irrational or might otherwise be regarded as being in breach of any duty, except as set
out in the relevant Plan documentation.

 

I
understand I have no right to compensation for any loss in relation to the Plan, including any loss in relation to:

 

		●	a
                                         reduction of rights or expectations under the Plan in any circumstances (including lawful
                                         or unlawful termination of employment);

 

		●	any
                                         exercise of a discretion or a decision taken in relation to an award or to the Plan,
                                         or any failure to exercise a discretion or take a decision; and

 

		●	the
                                         operation, suspension, termination or amendment of the Plan.

 

I
understand that as the grant by the Corporation is entirely discretionary, the benefits and rights acquired under the Plan do
not constitute “base salary” or other regular employment earnings and that nothing in the rules or operation of the
Plan forms part of my contract of employment or employment relationship, which rights are separate from and not affected by, the
Plan. I understand and agree that under no circumstances will the benefits derived from the Plan be included as part of my employment
earnings for purposes of calculating any of the Corporation’s and/or the Sony group companies’ (including my employer)
obligations to me for bonus, retirement, severance, or any other such payments.

 

     

     

    

 

		2.	(Data
Protection)

[Other
than Brazil and China] 

I
consent to the collection, use and disclosure by the Corporation and/or companies in the Sony group (including my employer) of
any personal information or data necessary for the administration of the Plan.

 

Subject
to legislative requirements, the information may be retained after my Options are exercised or cancelled. I understand that I
can contact the Secretariat of the Stock Option Plan, Corporate Human Resources, Sony Group Corporation.

 

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 Options
under the Plan.

 

The
Corporation and/or any of the companies in the Sony group (including my employer) may give information to others (including people
acting as agents of the Corporation and/or any of the companies in the Sony group) in connection with the administration of the
Plan on the understanding that they will keep the information secure.

 

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 that may have a different level of statutory protection for my information than in my home country.

 

I
understand that I have a right to access certain information that the Plan holds about me and in order to exercise this right,
I can contact the Secretariat of the Stock Option Plan, Corporate Human Resources, Sony Group Corporation.

 

[Note
regarding Italy and Israel (In addition to the wording above): Although there is no grantee in Italy under JPY plan in 2021, we
have included the disclaimer below as a reminder for subsequent years, when there may be grantees in Italy.

 

    2  

     

    

 

I
understand that the conferral of the information is optional and even if I refuse the conferral of the information, this refusal
brings me no disadvantage. I also understand that I have a right to object, in whole or in part, to the processing of the information.]

 

[Brazil
(Instead of the wording above):

 

I
consent to the collection, use and disclosure by the Corporation and/or companies in the Sony group (including my employer) of
any personal information or data necessary for the administration of the Plan.

 

Subject
to legislative requirements, the information may be retained after my Options are exercised or cancelled. I understand that I
can contact the Secretariat of the Stock Option Plan, Corporate Human Resources, Sony Group Corporation.

 

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 Options
under the Plan.

 

The
Corporation and/or any of the companies in the Sony group (including my employer) may give information to others (including people
acting as agents of the Corporation and/or any of the companies in the Sony group) in connection with the administration of the
Plan on the understanding that they will keep the information secure.

 

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 that may have a different level of statutory protection for my information than in my home country.
I understand that any international data transfer within the scope of the Plan will be rendered according to one of the mechanisms
provided by the General Data Protection Law (Law No. 13,709/2018).

 

I
understand that I have certain rights under the General Data Protection Law, such as the right to access certain information that
the Plan holds about me and to rectify wrong information. In order to exercise any right, I can contact the Secretariat of the
Stock Option Plan, Corporate Human Resources, Sony Group Corporation.]

 

    3  

     

    

 

[China
(Instead of the wording above): 

I
consent to the collection, use, disclosure and process by the Corporation and/or companies in the Sony group (including my employer)
of any personal information or data necessary for the administration of the Plan.

 

Subject
to legislative requirements, the information may be retained after my Options are exercised or cancelled. I understand that I
can contact the Secretariat of the Stock Option Plan, Corporate Human Resources, Sony Group Corporation, 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 Options
under the Plan.

 

The
Corporation and/or any of the companies in the Sony group (including my employer) may give information to others (including people
acting as agents of the Corporation and/or any of the companies in the Sony group) in connection with the administration of the
Plan on the understanding that they will keep the information secure and will duly provide you with the third party recipient’s
name, contact information and other information as required by applicable laws and authorities.

 

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 that may have a different level of statutory protection for my information than in my home country. I understand
that the transfer of my personal information outside of China is subject to the PRC Personal Information Protection Law and I
am entitled to the statutory remedies thereunder.

 

I
understand that I have a right to access certain information that the Plan holds about me and in order to exercise this right,
I can contact the Secretariat of the Stock Option Plan, Corporate Human Resources, Sony Group Corporation.]

 

    4  

     

    

 

		3.	(Payment
of Tax, Social Security or Other Amounts)

I
acknowledge that I am responsible for and indemnify each relevant member of the Sony Group Companies against any federal state
local and foreign taxes or social security liability in connection with my Options (“Tax Liability”), and I authorize
the Corporation and companies in the Sony group (including my employer) to withhold any amounts or make such arrangements as they
consider necessary to meet any liability due to taxation, social security or other amounts in respect of my participation in the
Plan. These arrangements may include the sale or reduction in number of any shares of the Corporation (hereinafter referred to
as the “Shares”) or the cash payment of all (or as nearly equivalent as reasonably possible) or any portion of the
Tax Liability on my behalf, subject to my indemnification and repayment obligation hereunder, unless I, as the participant in
the Plan, discharge the liability myself.

 

		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 employer of my interests in rights relating to the
                                         Shares (whether these requirements are based on the internal rules of the Corporation,
                                         the Sony group, my employer or applicable 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 other than those expressly stated in the Allocation Agreement, if any. The Options
are not tax qualified in any jurisdiction unless otherwise expressly stated in the Allocation Agreement.

 

    5  

     

    

 

[European
Union and Norway:

This
offer is being made to the Qualified Person as part of the Plan in order to provide an additional incentive and to encourage employee
share ownership and to increase the Qualified Person’s interest in the success of the Corporation. The company offering
these rights is the Corporation, 7-1, Konan 1-chome, Minato-ku, Tokyo. The shares which are the subject of these rights are new
common stock in the Corporation. More information in relation to the Corporation including the share price can be found at the
following web address: www.sony.com.

 

The
obligation to publish a prospectus does not apply because of Article 1(4)(i) of the EU Prospectus Regulation. The total maximum
number of shares which are the subject of this offer is 2,408,000.]

 

[Australia:
The Qualified Person confirms that he/she acknowledges and understands the following matters.

 

		1.	The
                                         Exercise Price will be calculated in the future on the Allotment Date in accordance with
                                         Article 3 of Exhibit 1 attached to the Allocation Agreement. By way of example only,
                                         if the Allotment Date was the date of the offer of the Options under the Agreement (being
                                         November 17, 2021), the Exercise Price would be ¥ xxx, of which the Australian dollar
                                         equivalent is A$ xx.xx (calculated at the rate of A$ 1 = ¥ xx.xx, the rate of exchange
                                         at the closing of November 17, 2021).

 

		2.	As
                                         the Shares of the Corporation are listed on the Tokyo Stock Exchange, the market price
                                         of the Shares can be ascertained by visiting the website of the Tokyo Stock Exchange
                                         (at the following link: https://www2.tse.or.jp/tseHpFront/StockSearch.do?callJorEFlg=1&method=&topSearchStr=6758)
                                         and the Australian dollar equivalent of that price by applying the prevailing Japanese
                                         yen / Australian dollar exchange rate published by the Reserve Bank of Australia (at
                                         the following link: https://www.rba.gov.au/statistics/frequency/exchange-rates.html).

 

		3.	Any
                                         advice given by the Corporation in connection with the Options is general advice only.
                                         Nothing in the documentation is to be taken to constitute a recommendation or statement
                                         of opinion that is intended to influence a person or persons in making a decision to
                                         acquire any Options and the Qualified Person should consider obtaining his/her own financial
                                         product and/or legal advice from an independent person. The documentation does not take
                                         into account the objectives, financial situation or needs of any particular person. Before
                                         acting on the information contained in the documentation, or making a decision to participate,
                                         the Qualified Person should seek professional advice as to whether such participation
                                         is appropriate in light of his or her personal circumstances.

 

    6  

     

    

 

		4.	The
                                         Qualified person has no rights until the Exercise Price is determined on the Allotment
                                         Date in accordance with Article 3 of Exhibit 1 attached to the Allocation Agreement.

 

		5.	Data
                                         protection

 

We
expressly inform you that, if you participate in the Plan:

 

		(a)	you
                                         consent to the disclosure of your personal information to the Corporation, any companies
                                         in the Sony group or people acting as agents of the Corporation and/or any of the companies
                                         in the Sony group, who may be situated in or outside Australia, including in jurisdictions
                                         that may not afford your information the same level of protection as Australian laws
                                         do; and

 

		(b)	acknowledge
                                         that neither your employer, the Corporation or any other companies in the Sony group
                                         will be required to take steps to ensure that the Corporation, any other companies in
                                         the Sony group or any of their agents does not breach the Australian Privacy Principles.]

 

[Austria:

Notwithstanding
any other plan rule, I understand that I cannot transfer, assign or otherwise dispose of my Option to any third -party at any
time.]

 

[Belgium:

The
Qualified Person agrees that the Allocation Agreement is drawn up in English.]

 

[Brazil:

This
document is solely for the use and information of persons to whom they are addressed and no other person. This document is addressed
only to the Qualified Person and may not be reproduced or copied in any form.

 

The
Options granted under the Plan have not been and will not be publicly issued, placed, distributed, offered or negotiated in the
Brazilian capital markets and, as a result, will not be registered with the Brazilian Securities Commission (Comissão de
Valores Mobiliários, the CVM). Therefore, the Options granted under the Plan will not be offered or sold in Brazil, except
in circumstances which do not constitute a public offering, placement, distribution or negotiation under the Brazilian capital
markets regulation.]

 

    7  

     

    

 

[Chile:

The
offer to participate in the Plan is made to you as an employee of SONY CHILE LTDA. and is only directed at the individuals to
whom the offer is specifically addressed. The offer is a private offer subject to Norma de Carácter General 336 (General
Regulation 336) of the Superintendencia de Valores y Seguros (Chilean Securities and Insurance Commission or ‘SVS’).

 

Please
note that the company, the Plan or the securities offered under the Plan are not registered in the Registro de Valores (Securities
Registry) or in the Registro de Valores Extranjeros (Foreign Securities Registry) maintained by the SVS, nor are they subject
to the supervision or control of the SVS. If such securities are offered within Chile, they will be offered and sold only pursuant
to General Regulation 336 of the SVS, an exemption to the registration requirements, or in circumstances which do not constitute
a public offer of securities in Chile within the meaning of Article 4 of the Chilean Securities Market Law 18,045. The issuer
is not obliged under Chilean law to disclose or deliver any public information regarding the securities in Chile. The securities
may not be publicly offered in Chile unless they are registered in the corresponding securities registry. The offer start date
is included in the plan documents provided to you in respect of this specific award.

 

La
oferta a participar en el Plan se ha hecho a usted como empleado de SONY CHILE LTDA. y va destinada sólo a las personas
a las que la oferta va dirigida específicamente. La oferta es una oferta privada sujeta a la Norma de Carácter General
No336 de la Superintendencia de Valores y Seguros (“SVS”). Tenga en cuenta que la empresa, el Plan y los valores
ofrecidos bajo el Plan no han sido registrados en el Registro de Valores o en el Registro de Valores Extranjeros mantenido por
la SVS, ni están sujetos a la supervisión ni control de la SVS. Si dichos valores son ofrecidos dentro de Chile,
serán ofrecidos y colocados sólo de acuerdo a la Norma de Carácter General 336 de la SVS, una excepción
a la obligación de registro, o en circunstancias que no constituyan una oferta pública de valores en Chile según
lo definido por el Artículo 4 de la Ley 18.045 de Mercado de Valores de Chile. El emisor no está obligado bajo la
ley chilena a revelar o proporcionar ninguna información pública en relación con los valores en Chile. Los
valores no pueden ser ofrecidos públicamente en Chile a no ser que se registren en el registro de valores correspondiente.
La fecha de inicio de la oferta está incluida en los documentos del plan relativos al premio específico, entregados
a usted.]

 

    8  

     

    

 

[Denmark: 

	1         Tildelingstidspunkt
        for aktieoptioner i Sony Group Corporation (”Optionerne”) 

         

        Aftale
        Vedrørende Tildeling af Aktieoptioner i Sony Group Corporation for Regnskabsåret 2021 (”Tildelingsaftalen”)
        er indgået mellem Sony Group Corporation og modtageren (den ”Kvalificerede Person”) pr 17. november
        2021 Datoen for tildelingen af Optionerne er den 18. november 2021.

         

        2         Kriterier
        eller betingelser for tildelingen 

         

        Optioner
        tildeles direktionsmedlemmer og medarbejdere udvalgt af Sony Group Corporation (”Selskabet”), som underskriver
        Tildelingsaftalen af 17. november 2021.

         

        3         Udnyttelsestidspunktet
        eller udnyttelsesperioden eller information om hvorledes udnyttelsestidspunkt fastsættes 

         

        Optionerne
        modnes og kan udnyttes i tre omtrent lige store årlige rater, fra og med årsdagen for tildelingen.

         

        4         Tegningskursen
        eller information om hvorledes tegningskursen fastsættes 

         

        Beløbet
        som erlægges pr. aktie udstedt eller overdraget når Optionerne udnyttes (herefter ”Udnyttelseskursen”)
        er som udgangspunkt US$ xx.xx.

         

        Det
        forudsættes dog, at såfremt det US-dollar beløb, der opnås ved at dele slutkursen for aktier
        i selskabet i den regulære handel hermed på Tokyo Stock Exchange (herefter ”Slutkursen”) den 18.
        november 2021 (”Tildelingsdatoen”) (såfremt der ikke er nogen Slutkurs denne dato, vil Slutkursen på
        den umiddelbart forudgående handelsdag være gældende) med den gennemsnitlige kursnotering hos en ledende
        erhvervsbank i Tokyo, som sælger spot US-dollar ved telegrafisk overførsel af yen i ti (1o) på hinanden
        følgende handelsdage (eksklusiv dage hvor der ikke er nogen Slutkurs) umiddelbart forud for Tildelingsdatoen (herefter
        ”Referencekursen”) (eventuelle decimaler efter en sådan beregning mindre end en (1) cent skal rundes
        op til nærmeste hele cent) er højere end US$ xx.xx, så skal beløbet svarende til US-dollar beløbet
        beregnet ved at dele Slutkursen på Tildelingsdatoen med Referencekursen (eventuelle decimaler efter en sådan
        beregning mindre end en (1) cent skal rundes op til nærmeste hele cent) skal udgøre den første Udnyttelseskurs.
        I så fald skal Selskabet oplyse en sådan første Udnyttelseskurs til den Kvalificerede Person ved fremsendelse
        af meddelelse herom (herefter ”Meddelelsen”) på eller omkring den 18. november 2021.

         
	1         The
time of the grant of the stock ac quisition rights of Sony Group Corporation (the “Options”) 

         

        The
        Agreement Concerning Allocation of the Stock Acquisition rights of Sony Group Corporation for the Fiscal Year 2021 (the
        “Allocation Agreement”) is entered into between Sony Group Corporation and the grantee (the “Qualified
        Person”) as of November 17, 2021. The date of the grant of the Options is November 18, 2021.

         

        2         The
        criteria or conditions for the grant 

         

        Options
        are granted to officers and employees selected by Sony Group Corporation (the “Corporation”) who sign the
        Allocation Agreement as of November 17, 2021.

         

        3         The
        exercise time or exercise period or information on how the exercise time is determined 

         

        The
        Options shall vest and become exercisable in three approximately equal annual installments beginning on the first anniversary
        of the date of the grant.

         

        4         The
        subscription price or information on how the subscription price is fixed 

         

        Amount
        to be paid per Share to be issued or transferred upon exercise of the Options (hereinafter referred to as the “Exercise
        Price”) is initially US$ xx.xx.

         

        Provided,
        however, that if the U.S. dollar amount obtained by dividing the closing price of Shares of the Corporation in the regular
        trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on November 18,
        2021 (the “Allotment Date”) (if there is no Closing Price on such date, the Closing Price on the immediately
        preceding trading day) by the average of the exchange rate quotations by a leading commercial bank in Tokyo for selling
        spot U.S. dollars by telegraphic transfer against yen for ten (10) consecutive trading days (excluding days on which there
        is no Closing Price) immediately prior to the Allotment Date (hereinafter referred to as the “Reference Exchange
        Rate”) (any fraction less than one (1) cent arising as a result of such calculation shall be rounded up to the nearest
        one (1) cent) is higher than US$ xx.xx, then the amount equal to the U.S. dollar amount obtained by dividing the Closing
        Price on the Allotment Date by the Reference Exchange Rate (any fraction less than one (1) cent arising as a result of
        such calculation shall be rounded up to the nearest one (1) cent) shall be the initial Exercise Price. In this case, the
        Corporation shall notify such initial Exercise Price to the Qualified Person by sending a notice (hereinafter referred
        to as the “Notice”) on or about November 18, 2021.

         

    9  

     

    

	5         Medarbejderens
        rettigheder ved ansættelsesforholdets ophør 

         

        (1)       I
        tilfælde af at den Kvalificerede Person mister sin position som bestyrelsesmedlem, direktionsmedlem eller medarbejder
        i Selskabet eller i Sony-koncernen på grund af en af følgende årsager, skal udnyttelsen af Optionerne
        være underlagt de begrænsninger, der er beskrevet nedenfor; dog forudsat at Optionerne under ingen omstændigheder
        kan udnyttes efter perioden angivet under punkt 3 ovenfor.

         

        (i)
        Såfremt den Kvalificerede Person bortvises eller opsiges på grund af misligholdelse i henhold til Selskabets
        eller Sony Koncernens ansættelsesregler eller fjernes fra embedet:

         

        Den
        Kvalificerede Person kan ikke udnytte Optionerne på eller efter datoen på hvilken han/hun mister sin position
        som bestyrelsesmedlem, direktionsmedlem eller medarbejder i Selskabet eller Sony Koncernen (herefter “Fortabelsesdatoen”);

         
	5         The
        employee’s rights in connection with the termination of employment 

         

        (1)       In
        case that the Qualified Person forfeits either status as a director, corporate executive officer, officer or employee
        of the Corporation or of the Sony Group Companies by falling under any of the following items, the exercise of the Options
        shall be subject to the restrictions provided for in such following item; provided, however, that in no case may any Options
        be exercised after the period provided for in Item (4) of Article 3 of the Allocation Agreement.

         

        (i)
        If the Qualified Person is subject to punitive dismissal or resignation under instruction pursuant to the rules of employment
        of the Corporation or of the Sony Group Companies or removed from office:

         

        The
        Qualified Person may not exercise the Options on and after the day on which he/she forfeits the status as a director,
        corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies (hereinafter referred
        to as the “Status Forfeit Date”);

         

    10  

     

    

	(ii)
        Såfremt den Kvalificerede Person ophører med at være bestyrelsesmedlem, direktionsmedlem eller medarbejder
        i Selskabet eller i Sony Koncernen på grund af den Kvalificerede Persons død:

         

        I
        henhold til bestemmelse 7 i Tildelingsaftalen kan arvingerne til den Kvalificerede Person udnytte Optionerne, som kan
        udnyttes i henhold til punkt (1) i denne bestemmelse pr. Fortabelsesdatoen (herefter de “Modnede Optioner”)
        indtil og inklusive den sidste dag i et (1) års perioden som begynder dagen efter Fortabelsesdatoen (hvis den sidste
        dag af denne et (1) års periode ikke er en bankdag i Selskabet, vil den efterfølgende bankdag udgøre
        den sidste dag i perioden), men kan dog ikke udnytte Optionerne, som ikke er modnede i henhold til afsnit 1 i denne bestemmelse
        pr. Fortabelsesdatoen (herefter de ”Ikke Modnede Optioner”), på og efter Fortabelsesdagen dog forudsat
        at såfremt Selskabet tillader arvingerne til den Kvalificerede Person at udnytte de Ikke Modnede Optioner, modner
        alle de Ikke Modnede Optioner på Fortabelsesdatoen (eller på Startdatoen for Udnyttelsesperioden, såfremt
        Fortabelsesdatoen falder på en dato før Startdatoen for Udnyttelsesperioden), og den Kvalificerede Person
        kan udnytte de Ikke Modnede Optioner til og med den sidste dag i et (1) års perioden, som begynder dagen efter Fortabelsesdagen
        (hvis den sidste dag af denne et (1) års periode ikke er en bankdag i Selskabet, vil den efterfølgende bankdag
        udgøre den sidste dag i perioden) i henhold til bestemmelserne i bestemmelse 7 i Tildelingsaftalen; og

         

         

         
	(ii)
        If the Qualified Person ceases to be a director, corporate executive officer, officer or employee of the Corporation or
        of the Sony Group Companies due to his/her death:

         

        Subject
to the provision of Article 7 of the Allocation Agreement, the heir of the Qualified Person may exercise the Options which are
exercisable pursuant to Item (1) of this Article as of the Status Forfeit Date (hereinafter referred to as the “Exercisable
Options”) until and including the last day of the one (1) year period commencing on the date immediately following the Status
Forfeit Date (if the last day of this one (1) year period falls on a day that is not a business day of the Corporation, the immediately
preceding business day shall be the last day of such period), but may not exercise the Options which are not exercisable pursuant
to Paragraph 1 of this Article as of the Status Forfeit Date (hereinafter referred to as the “Unexercisable Options”)
on and after the Status Forfeit Date; provided, however, that if the Corporation allows the heir of the Qualified Person to exercise
the Unexercisable Options, all of the Unexercisable Options 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 Options until and including the last day of the one (1) year period
commencing on the date immediately following the Status Forfeit Date (if the last day of this one (1) year period falls on a day
that is not a business day of the Corporation, the immediately preceding business day shall be the last day of such period) subject
to the provision of Article 7 of the Allocation Agreement; and

    11  

     

    

	        (iii)
        Såfremt den Kvalificerede Person mister sin position som bestyrelsesmedlem, direktionsmedlem eller medarbejder i
        Selskabet eller i Sony Koncernen på grund af andre for-hold:

                                                                                                                            
Den
        Kvalificerede Person kan udnytte de Modnede Optioner indtil og inklusive den sidste dag i et (1) års perioden, som
        begynder dagen efter Fortabelsesdagen (hvis den sidste dag af denne et (1) års periode ikke er en bankdag i Selskabet,
        vil den efterfølgende bankdag udgøre den sidste dag i perioden), men kan dog ikke udnytte de Ikke Modnede
        Optioner på og efter Fortabelsesdagen dog forudsat at såfremt Selskabet tillader den Kvalificerede Person
        at udnytte de Ikke Modnede Optioner, modner alle de Ikke Modnede Optioner på Fortabelsesdatoen (eller på Startdatoen
        for Udnyttelsesperioden, såfremt Fortabelsesdatoen falder på en dato før Startdatoen for Udnyttelsesperioden),
        og arvingerne til den Kvalificerede Person kan udnytte de Ikke Modnede Optioner til og med den sidste dag i et (1) års
        perioden, som begynder dagen efter Fortabelsesdagen (hvis den sidste dag af denne et (1) års periode ikke er en
        bankdag i Selskabet, vil den efterfølgende bankdag udgøre den sidste dag i perioden).

         

        

        (2)       Den
        Kvalificerede Person kan ikke udnytte Optionerne i følgende tilfælde:

         

        (i)
        Såfremt den Kvalificerede Person arbejder for en konkurrent til Selskabet eller Sony Koncernen som denne konkurrents
        direktionsmedlem, medarbejder eller konsulent, og en af de udvalgte Repræsentanter for Ledelsen i Selskabet vælger
        ikke at tillade en sådan Kvalificeret Persons udnyttelse af Optionerne tildelt til denne Kvalificerede Person.

         

        (ii)
        Såfremt den Kvalificerede Person af Selskabet anses for at have udøvet illoyale handlinger mod Selskabet
        eller Sony Koncernen.

         

        (iii)
        Såfremt den Kvalificerede Person misligholder bestemmelserne i denne Aftale.

         
	
            (iii)
        If the Qualified Person forfeits the status as a director, corporate executive officer, officer or employee of the Corporation
        or of the Sony Group Companies due to any other events:

             

    The
        Qualified Person may exercise the Exercisable Options until and including the last day of the one (1) year period commencing
        on the date immediately following the Status Forfeit Date (if the last day of this one (1) year period falls on a day
        that is not a business day of the Corporation, the immediately preceding business day shall be the last day of such period),
        but may not exercise the Unexercisable Options on and after the Status Forfeit Date; provided, however, that if the Corporation
        allows the Qualified Person to exercise the Unexercisable Options, all of the Unexercisable Options 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 Options until
        and including the last day of the one (1) year period commencing on the date immediately following the Status Forfeit
        Date (if the last day of this one (1) year period falls on a day that is not a business day of the Corporation, the immediately
        preceding business day shall be the last day of such period).

         

        (2)       The
        Qualified Person cannot exercise the Options in any of the following cases:

         

        (i)
        If the Qualified Person works for a competitor of the Corporation or of the Sony Group Companies as such competitor’s
        officer, employee or consultant, and any of the designated Representative Corporate Executive Officer(s) of the Corporation
        determines not to permit the exercise by such Qualified Person of the Options allocated to such Qualified Person.

         

        (ii)
        If the Qualified Person is regarded by the Corporation to have performed any act of disloyalty against the Corporation
        or the Sony Group Companies.

         

        (iii)
        If the Qualified Person violates any provision of the Agreement.

         

    12  

     

    

	6        Økonomiske
        aspekter af deltagelse i aktieoptionsprogrammet 

         

        Aktieoptioner
        er risikobetonede værdipapirer, der er afhængige af aktiemarkedet. Som følge heraf er der ingen garanti
        for, at udnyttelsen af Optionerne udløser en fortjeneste. Tildelingen af Optionerne har ingen økonomiske
        konsekvenser for den Kvalificerede Person.

         
	6        The
        financial aspects of participating in the stock option program 

         

        Stock
        options are risky securities that are influenced by the share market. Consequently, there is no guarantee that the exercise
        of the Options will yield a profit. The grant of the Options has no financial consequences for the Qualified Person.]

         

[Germany: 

The
options granted under the Plan are provided on an ex-gratia basis and not in satisfaction of any right or expectation of the Qualified
Person. The Qualified Person acknowledges that he/she has no such right or expectation in relation to the Option or any future
grant of options.]

 

[Hong
Kong: 

The
contents of the Plan documents have not been reviewed by any regulatory authority in Hong Kong. The Qualified Person is advised
to exercise caution in relation to the offer under the Plan. If the Qualified Person is in any doubt about any of the contents
of this document, he/she should obtain independent professional advice.]

 

[India: 

No
invitation, offer or sale to purchase or subscribe to the shares of Sony Group Corporation (“Securities”) is made
or intended to be made to the public in India through the Allocation Agreement or any amendment or supplement thereto. Neither
the Allocation Agreement nor any amendment or supplement thereto is a prospectus, offer document or advertisement nor has it been
or will be submitted or registered as a prospectus or offer document under any applicable law or regulation in India. Neither
the Allocation Agreement nor any amendment or supplement thereto has been reviewed, approved, or recommended by any Registrar
of Companies in India, the Securities and Exchange Board of India, the Reserve Bank of India, any stock exchange in India or any
other Indian regulatory authority.

 

Accordingly,
no person may make any invitation, offer or sale of any Securities, nor may the Allocation Agreement nor any amendment or supplement
thereto nor any other document, material, notice or circular in connection with the invitation, offer or sale for subscription
or purchase of any Securities (“Offer”) be circulated or distributed whether directly or indirectly to, or for the account
or benefit of, any person resident in India, other than strictly on a private and confidential basis and so long as any such Offer
is not calculated to result, directly or indirectly, in the Securities becoming available for subscription or purchase by persons
other than those receiving such offer or invitation. Notwithstanding the foregoing, in no event shall the Offer be made directly
or indirectly, in any circumstances which would constitute an offer to the public in India within the meaning of any applicable
law or regulation.

 

    13  

     

    

 

Any
Offer of Securities to a person in India shall be made subject to compliance with all applicable Indian laws including, without
limitation, the Foreign Exchange Management Act, 1999, as amended, and any guidelines, rules, regulations, circulars or notifications
issued by the Reserve Bank of India, the Securities and Exchange Board of India and any other Indian regulatory authority.

 

Each
investor in the Securities acknowledges, represents and agrees that it is eligible to invest in the Company and the Securities
under applicable laws and regulations in India and that it is not prohibited or debarred under any law or regulation from acquiring,
owning or selling the Securities.]

 

[Singapore: 

The
Qualified Person acknowledges that this document has not been registered as a prospectus with the Monetary Authority of Singapore.
Accordingly, this document and any other document or material in connection with the offer or sale, or invitation for subscription
or purchase of the Options may not be circulated or distributed, nor may the Options be offered or sold, or be made the subject
of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than pursuant to,
and in accordance with the conditions of, an exemption under any provision (other than Section 280) of Subdivision (4) of Division
1 of Part XIII of the Securities and Futures Act, Chapter 289 of Singapore.

 

The
shares of common stock are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products)
Regulations 2018) and Excluded Investment Products (as defined in MAS Notices SFA 04-N12 and FAA-N16).]

 

[China: 

	合格参与计划人员理解并同意, 在Sony
    

    Group Corporation通知其中国的外汇登记所

    需手续已完成之前, 其不可行使股票期权。	The
        Qualified Person understands and agrees that he/she may not exercise the Options until and unless Sony Group Corporation
        notifies him/her that the necessary procedure for foreign exchange registration in China is completed. 

         

 

    14  

     

    

 

	合格参与计划人员确认其认可并理解下述

事项。
	The
Qualified Person confirms that he/she acknowledges and understands the following matters.

 

	1
(i)股权激励计划项下可行使的股票期权本

质上是外国的股票期权, 不适用中华人民共

和国的证券法律法规; (ii)股权激励计划项下

的股票期权的授予、赋权、行使及任何其它

处分均不得以任何方式被解释为在中国境

内公开发行证券; (iii)如果中华人民共和国

的任何证券法律法规将予适用, 则Sony

Group Corporation有权对股权激励计划的任

何部分或股票期权进行必要的变更或修改, 

以使其符合所适用的中华人民共和国的证

券法律法规。

         
	1
(i) The options available under the Plan are foreign in nature and are not subject to the PRC securities laws and regulations;
(ii) the grant, vesting, exercise and any other disposal of the Options under the Plan shall not in any manner be construed as
a public offering of securities within the territory of China; (iii) if any PRC securities laws or regulations is to apply, the
Corporation is entitled to make necessary changes or modifications to any part of the Plan or the Options so as to be in complaint
with the applicable PRC securities laws and regulations.

         

	2
        Sony Group Corporation 和/或索尼集团公

        司可以根据所适用的法律之要求扣缴合格

        参与计划人员在中华人民共和国的相关个

        人所得税。

         
	2
        The Corporation and/or Sony Group Companies may withhold relevant PRC individual income tax of the Qualified Person as
        required by applicable laws.

         

	3
通过签订分配协议, 本人同意: (i)股权

激励计划与本人和本人雇主之间的劳动关

系无关且并不影响该等劳动关系, 股票期

权不构成本人工资或薪金的任何部分; 以

及(ii)本人参与该计划可能存在风险, 包括

但不限于股票期权的不可流动性以及可适

用的市场价格的波动性。 
	3
        By signing the Allocation Agreement, I agree that: (i) the Plan has nothing to do with or affect my employment relationship
        with my employer and the option does not constitute any of my wages or salaries; and (ii) risks may exist for my participation
        of such Plan, including but not limited to the non-transferability of the Options and the volatility of the applicable
        market price. ]

         

 

    15

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