Ladies and Gentlemen:

           The undersigned acknowledges receipt of your letter dated October 5, 2018 (the “Letter”). Capitalized terms used and not defined in this letter shall have the meanings set forth in the Letter.

           The undersigned hereby represents and warrants to TWDC Holdco 613 Corp. (“New Disney”), a direct, wholly owned subsidiary of The Walt Disney Company, and its affiliates, as follows:

           (1) it is the beneficial owner, or is acting on behalf of a beneficial owner, of the 6.900% Senior Notes due March 1, 2019 (CUSIP No. 90131HAN5), the 5.650% Senior Notes due August 15, 2020 (CUSIP Nos. 90131HAP0; 652482BV1; U65249AS0 and U88803AC2), the 4.500% Senior Notes due February 15, 2021 (CUSIP No. 90131HAQ8), the 3.000% Senior Notes due September 15, 2022 (CUSIP No. 90131HAR6), the 8.875% Senior Debentures due April 26, 2023 (CUSIP No. 90131HAS4), the 4.000% Senior Notes due October 1, 2023 (CUSIP No. 90131HAA3), the 7.750% Senior Debentures due January 20, 2024 (CUSIP No. 90131HAT2 and 652478AR9), the 7.750% Senior Debentures due February 1, 2024 (CUSIP No. 90131HAU9 and 652478AU2), the 9.500% Senior Debentures due July 15, 2024 (CUSIP No. 90131HAV7), the 3.700% Senior Notes due September 15, 2024 (CUSIP Nos. 90131HAE5; 90131HAC9 and U88803AA6), the 8.500% Senior Debentures due February 23, 2025 (CUSIP No. 90131HAW5), the 3.700% Senior Notes due October 15, 2025 (CUSIP No. 90131HBW4), the 7.700% Senior Debentures due October 30, 2025 (CUSIP No. 90131HAX3), the 7.430% Senior Debentures due October 1, 2026 (CUSIP No. 90131HAY1), the 3.375% Senior Notes due November 15, 2026 (CUSIP Nos. 90131HCB9; 90131HCA1 and U88803AF5), the 7.125% Senior Debentures due April 8, 2028 (CUSIP No. 90131HAZ8), the 7.300% Senior Debentures due April 30, 2028 (CUSIP No. 90131HBA2), the 7.280% Senior Debentures due June 30, 2028 (CUSIP No. 90131HBB0), the 7.625% Senior Debentures due November 30, 2028 (CUSIP No. 90131HBC8), the 6.550% Senior Notes due March 15, 2033 (CUSIP No. 90131HBD6), the 8.450% Senior Debentures due August 1, 2034 (CUSIP No. 90131HBE4), the 6.200% Senior Notes due December 15, 2034 (CUSIP Nos. 90131HBF1 and 652482BH2), the 6.400% Senior Notes due December 15, 2035 (CUSIP Nos. 90131HBG9; 90131HBH7 and U65249AM3), the 8.150% Senior Debentures due October 17, 2036 (CUSIP No. 90131HBJ3), the 6.150% Senior Notes due March 1, 2037 (CUSIP No. 90131HBK0), the 6.650% Senior Notes due November 15, 2037 (CUSIP No. 90131HBL8), the 6.750% Senior Debentures due January 9, 2038 (CUSIP No. 90131HBM6), the 7.850% Senior Notes due March 1, 2039 (CUSIP No. 90131HBN4), the 6.900% Senior Notes due August 15, 2039 (CUSIP No. 90131HBP9), the 6.150% Senior Notes due February 15, 2041 (CUSIP No. 90131HBQ7), the 5.400% Senior Notes due October 1, 2043 (CUSIP No. 90131HAB1), the 4.750% Senior Notes due September 15, 2044 (CUSIP Nos. 90131HAH8; 90131HAF2 and U88803AB4), the 4.950% Senior Notes due October 15, 2045 (CUSIP No. 90131HBZ7), the 7.750% Senior Debentures due December 1, 2045 (CUSIP No. 90131HBR5), the 4.750% Senior Notes due November 15, 2046 (CUSIP No. 90131HCD5), the 7.900% Senior Debentures due December 1, 2095 (CUSIP No. 90131HBS3) and the 8.250% Senior Debentures due October 17, 2096 (CUSIP No. 90131HBT1), each issued by 21st Century Fox America, Inc. (collectively, the “Notes”), in the amount(s) set forth below; and

           (2) it is, or in the event that the undersigned is acting on behalf of a beneficial owner of Notes, the undersigned has received a written certification from such beneficial owner (dated as of a specific date on or since the close of such beneficial owner’s most recent fiscal year) to the effect that such beneficial owner is (please indicate below):

           The undersigned understands that it is providing the information contained herein to New Disney solely for purposes of New Disney’s consideration of certain transactions with respect to the Notes. This letter is neither an offer nor a solicitation of an offer with respect to the Notes. It does not create any obligations whatsoever on the part of New Disney to make any offer or on the part of the undersigned to participate if an offer is made.

           The undersigned agrees (1) not to copy or reproduce any part of any materials (except as permitted therein) received in connection with the Exchange Offers and Consent Solicitations (as defined in the Letter), (2) not to distribute or disclose any part of such materials or any of their contents (except as permitted therein) to anyone other than, if applicable, the aforementioned beneficial owners on whose behalf the undersigned is acting and (3) to notify New Disney if any of the representations the undersigned makes in this letter cease to be correct.

                                                                                                              Very truly yours,