EXHIBIT 10.05(C)

GLU MOBILE INC.

2008 EQUITY INDUCEMENT PLAN

NOTICE OF RESTRICTED STOCK UNIT AWARD

GRANT NUMBER:                 

The terms defined in Glu Mobile Inc.’s (the “Company”) 2008 Equity Inducement
Plan (the “Plan”) shall have the same meanings in this Notice of Restricted
Stock Unit Award (the “Notice of Grant”).

 

Name:   

 

      Address:   

 

     

You (“Participant”) have been granted an award of Restricted Stock Units
(“RSUs”), subject to the terms and conditions set forth in this Notice of Grant,
the attached Award Agreement (Restricted Stock Units) (hereinafter the “RSU
Agreement”), including any country-specific terms and conditions for
Participant’s country attached in an appendix to the RSU Agreement (the
“Appendix” and collectively, the “Agreement”) and the Plan (available in hard
copy by request), all of which are incorporated herein by reference, as follows:

 

Number of RSUs:   

 

   Date of Grant:   

 

   First Vesting Date:   

 

   Expiration Date:    The date on which settlement of all RSUs granted
hereunder occurs, with earlier expiration upon the Termination Date as further
described in Section 5 of the RSU Agreement. Vesting Schedule:    Subject to
your continued service as an employee, director or consultant of the Company or
a Subsidiary, the RSUs will vest as follows:                                 .
If any portion of the RSUs vest on a date that is a non-trading day on the
Nasdaq Market, then the award will vest on the next trading day.

Participant understands that his or her continued service relationship with the
Company or a Subsidiary is for an unspecified duration, can be terminated at any
time (to the fullest extent permitted by applicable law), and that nothing in
this Notice of Grant, the Agreement or the Plan changes the ability of the
Company or the employing Subsidiary to terminate the service relationship.
Participant acknowledges that the vesting of the RSUs pursuant to this Notice of
Grant is earned only by continuing service as an employee, director or
consultant of the Company or a Subsidiary. Participant also understands that
this Notice of Grant is subject to the terms and conditions of the Agreement and
the Plan, both of which are incorporated herein by reference. Participant has
read both the Agreement and the Plan.

 

PARTICIPANT     GLU MOBILE INC. Signature:  

 

    By:  

 

Print Name:  

 

    Its:  

 

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GLU MOBILE INC.

2008 EQUITY INDUCEMENT PLAN

AWARD AGREEMENT (RESTRICTED STOCK UNITS

Unless otherwise defined herein, the terms defined in the Company’s 2008 Equity
Inducement Plan, as amended (the “Plan”), shall have the same defined meanings
in this Award Agreement (Restricted Stock Units) (this “RSU Agreement”).

Participant has been granted Restricted Stock Units (“RSUs”) subject to the
terms, restrictions and conditions of the Plan, the Notice of Restricted Stock
Unit Grant (“Notice of Grant”) and this RSU Agreement, including any
country-specific terms and conditions for Participant’s country attached in an
appendix to this RSU Agreement (the “Appendix” and collectively, the
“Agreement”).

1. Settlement. Settlement of RSUs shall be made within 30 days following the
applicable date of vesting under the vesting schedule set forth in the Notice of
Grant. Unless otherwise set forth in this Agreement, settlement of RSUs shall be
in Shares.

2. No Stockholder Rights. Unless and until such time as Shares are issued in
settlement of vested RSUs, Participant shall have no ownership of the Shares
allocated to the RSUs and shall have no right to receive dividends or other
distributions on such Shares or to vote such Shares.

3. Dividend Equivalents. Dividends, if any (whether in cash or Shares), shall
not be credited to Participant.

4. No Transfer. The RSUs and any interest therein shall not be sold, assigned,
transferred, pledged, hypothecated, or otherwise disposed of.

5. Termination. If Participant’s service Terminates for any reason, all unvested
RSUs shall be forfeited to the Company forthwith, and all rights of Participant
to such RSUs shall immediately terminate.

For purposes of this grant of RSUs, the Termination Date is deemed to occur on
the date Participant is no longer actively providing services to the Company or
a Subsidiary (regardless of the reason for such Termination and whether or not
later to be found invalid or in breach of employment laws in the jurisdiction
where Participant is employed or the terms of Participant’s employee agreement,
if any), and will not be extended by any notice period (e.g., Participant’s
period of service would not include any contractual notice period or any period
of “garden leave” or similar period mandated under employment laws in the
jurisdiction where Participant is employed or the terms of Participant’s
employment agreement, if any).

If there is any dispute as to whether Termination has occurred, the Committee
shall have sole discretion to determine whether such Termination has occurred
and the effective date of such Termination.

6. Acknowledgement. The Company and Participant agree that the RSUs are granted
under and governed by the Notice of Grant, this Agreement and by the provisions
of the Plan (incorporated herein by reference). Participant: (a) acknowledges
receipt of a copy of the Plan and the Plan prospectus, (b) represents that
Participant has carefully read and is familiar with their provisions, and
(c) accepts the RSUs subject to all of the terms and conditions set forth herein
and those set forth in the Plan and the Notice of Grant.

7. Nature of Grant. In accepting the grant, Participant acknowledges,
understands and agrees that:

(a) the grant of the RSUs is voluntary and occasional and does not create any
contractual or other right to receive future grants of RSUs, or benefits in lieu
of RSUs, even if RSUs have been granted in the past;

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(b) all decisions with respect to future RSUs or other grants, if any, will be
at the sole discretion of the Committee;

(c) the RSUs and the Shares subject to the RSUs are not intended to replace any
pension rights or compensation;

(d) the RSUs and the Shares subject to the RSUs, and the income and value of
same, are not part of normal or expected compensation or salary for any
purposes, including, but not limited to, calculating any severance, resignation,
termination, redundancy, dismissal, end of service payments, bonuses,
long-service awards, pension or retirement or welfare benefits or similar
payments;

(e) Participant is voluntarily participating in the Plan;

(f) the future value of the Shares is unknown, indeterminable and cannot be
predicted with certainty;

(g) no claim or entitlement to compensation or damages shall arise from
forfeiture of the RSUs upon Termination of Participant’s service relationship
(whether or not later found to be invalid or in breach of employment laws in the
jurisdiction where Participant is employed or the terms of Participant’s service
agreement, if any), and in consideration of the grant of the RSUs to which
Participant is otherwise not entitled, Participant irrevocably agrees never to
institute any claim against the Company and any Subsidiary, waives Participant’s
ability, if any, to bring any such claim, and releases the Company and any
Subsidiary from any such claim; if, notwithstanding the foregoing, any such
claim is allowed by a court of competent jurisdiction, then, by participating in
the Plan, Participant shall be deemed irrevocably to have agreed not to pursue
such claim and agreed to execute any and all documents necessary to request
dismissal or withdrawal of such claim;

(h) unless otherwise provided in the Plan, the RSUs and the benefits evidenced
by this Agreement do not create any entitlement to have the RSUs or any such
benefits transferred to, or assumed by, another company or be exchanged, cashed
out or substituted for, in connection with any corporate transaction affecting
the shares of the Company; and

(i) neither the Company and any Subsidiary shall be liable for any foreign
exchange rate fluctuation between Participant’s local currency and the United
States Dollar that may affect the value of the RSUs or of any amounts due to
Participant pursuant to the settlement of the RSUs or the subsequent sale of any
Shares acquired upon settlement.

8. No Advice Regarding Grant. The Company is not providing any tax, legal or
financial advice, nor is the Company making any recommendations regarding
Participant’s participation in the Plan or Participant’s acquisition or sale of
the Shares. Participant is hereby advised to consult with Participant’s own
personal tax, legal and financial advisors regarding Participant’s participation
in the Plan before taking any action related to the Plan.

9. Data Privacy. Participant hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of his or her
personal data as described in this Agreement and any other RSU grant materials
by and among the Company and its Subsidiaries for the exclusive purpose of
implementing, administering and managing Participant’s participation in the
Plan.

Participant understands that the Company and any Subsidiary may hold certain
personal information about him or her, including, but not limited to, name, home
address and telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any shares or
directorships held in the Company, details of all RSUs or any other entitlement
to shares awarded, canceled, exercised, vested, unvested or outstanding in
Participant’s favor (“Data”), for the exclusive purpose of implementing,
administering and managing the Plan.

 

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Participant understands that Data will be transferred to E*Trade Financial
Services or such other stock plan service provider designated by the Committee
which may be assisting the Company presently or in the future with the
implementation, administration and management of the Plan. Participant
understands that the recipients of the Data may be located in the U.S. or
elsewhere, and that the recipients’ country (e.g., the U.S.) may have different
data privacy laws and protections than Participant’s country. Participant
understands that he or she may request a list with the names and addresses of
any potential recipients of the Data by contacting Participant’s local human
resources representative. Participant authorizes the Company, E*Trade Financial
Services and any other possible recipients which may assist the Company
(presently or in the future) with implementing, administering and managing the
Plan to receive, possess, use, retain and transfer the Data, in electronic or
other form, for the sole purpose of implementing, administering and managing
Participant’s participation in the Plan. Participant understands that Data will
be held only as long as is necessary to implement, administer and manage
Participant’s participation in the Plan. Participant understands that he or she
may, at any time, view Data, request additional information about the storage
and processing of Data, require any necessary amendments to Data or refuse or
withdraw the consents herein, in any case without cost, by contacting in writing
Participant’s local human resources representative. Further, Participant
understands that he or she is providing the consents herein on a purely
voluntary basis. If Participant does not consent, or if Participant later seeks
to revoke his or her consent, his or her employment status or service and career
with the Company or any Subsidiary will not be adversely affected; the only
adverse consequence of refusing or withdrawing Participant’s consent is that the
Company would not be able to grant Participant RSUs or other equity awards or
administer or maintain such awards. Therefore, Participant understands that
refusing or withdrawing his or her consent may affect Participant’s ability to
participate in the Plan. For more information on the consequences of
Participant’s refusal to consent or withdrawal of consent, Participant
understands that Participant may contact his or her local human resources
representative.

10. Appendix. Notwithstanding any provisions in this RSU Agreement, the RSUs
shall be subject to any special terms and conditions set forth in the Appendix
to this RSU Agreement for Participant’s country. Moreover, if Participant
relocates to one of the countries included in the Appendix, the special terms
and conditions for such country will apply to Participant, to the extent the
Company determines that the application of such terms and conditions is
necessary or advisable for legal or administrative reasons. The Appendix
constitutes part of this RSU Agreement.

11. Imposition of Other Requirements. The Company reserves the right to impose
other requirements on Participant’s participation in the Plan, on the RSUs and
on any Shares acquired under the Plan, to the extent the Company determines it
is necessary or advisable for legal or administrative reasons, and to require
Participant to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing.

12. Responsibility for Taxes. Regardless of any action the Company or, if
different, Participant’s employer (the “Employer”) takes with respect to any or
all income tax, social insurance, payroll tax, fringe benefits tax, payment on
account or other tax-related items related to participation in the Plan and
legally applicable to Participant (“Tax-Related Items”), Participant
acknowledges that the ultimate liability for all Tax-Related Items is and
remains Participant’s responsibility and may exceed the amount actually withheld
by the Company or the Employer. Participant further acknowledges and agrees that
the Company and/or the Employer: (a) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect
of the RSUs, including, but not limited to, the grant, vesting or settlement of
the RSUs, the issuance of Shares upon settlement of the RSUs, the subsequent
sale of Shares acquired pursuant to such issuance and the receipt of any
dividends; and (b) do not commit to and are under no obligation to structure the
terms of the grant or any aspect of the RSUs to reduce or eliminate
Participant’s liability for Tax-Related Items or achieve any particular tax
result. Further, if Participant is subject to Tax-Related Items in more than one
jurisdiction between the date of grant and the date of any relevant taxable or
tax withholding event, as applicable, Participant acknowledges that the Company
and/or the Employer (or former employer, as applicable) may be required to
withhold or account for Tax-Related Items in more than one jurisdiction.

 

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Before any relevant taxable or tax withholding event, as applicable, Participant
will pay or make adequate arrangements satisfactory to the Company and/or the
Employer to satisfy all Tax-Related Items. In this regard, Participant
authorizes the Company and/or the Employer, or their respective agents, at their
discretion, to satisfy their withholding obligations with regard to any
Tax-Related Items by one or a combination of the following:

(i) withholding from Participant’s wages or other cash compensation paid to
Participant by the Company and/or the Employer; or

(ii) withholding from proceeds of the sale of Shares acquired upon settlement of
the RSUs either through a voluntary sale or through a mandatory sale arranged by
the Company (on Participant’s behalf pursuant to this authorization); or

(iii) withholding in Shares to be issued upon settlement of the RSUs.

Depending on the withholding method, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory withholding rates
or other applicable withholding rates, including maximum applicable rates, in
which case Participant will receive a refund of any over-withheld amount in cash
and will have no entitlement to the Share equivalent. If the obligation for
Tax-Related Items is satisfied by withholding in Shares, for tax purposes,
Participant is deemed to have been issued the full number of Shares subject to
the vested RSUs, notwithstanding that a number of the Shares are held back
solely for the purpose of paying the Tax-Related Items due as a result of any
aspect of Participant’s participation in the Plan.

Finally, Participant shall pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold
or account for as a result of Participant’s participation in the Plan that
cannot be satisfied by the means described above. The Company may refuse to
issue or deliver the Shares or the proceeds of the sale of Shares, if
Participant fails to comply with his or her obligations in connection with the
Tax-Related Items.

13. Compliance with Laws and Regulations. The issuance and delivery of Shares to
Participant will be subject to and conditioned upon compliance by the Company
and Participant with all applicable U.S. or foreign state and federal laws and
regulations and with all applicable requirements of any stock exchange or
automated quotation system on which the Company’s Common Stock may be listed or
quoted at the time of such issuance or transfer.

14. Successors and Assigns. The Company may assign any of its rights under this
Agreement. This Agreement shall be binding upon and inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer
set forth herein, this Agreement will be binding upon Participant and
Participant’s heirs, executors, administrators, legal representatives,
successors and assigns.

15. Governing Law; Venue; Severability. The Plan and Notice of Grant are
incorporated herein by reference. The Plan, the Notice of Grant and this
Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and Participant with respect to the subject matter
hereof. For purposes of any action, lawsuit or other proceedings brought to
enforce this Agreement, the parties hereby submit to and consent to the
jurisdiction of the State of California, and agree that such litigation will be
conducted in the courts of the City and County of San Francisco, California, or
the United States federal courts for the Northern District of California, and no
other courts. This Agreement is governed by Delaware law except for that body of
law pertaining to conflict of laws. If any provision of this Agreement is
determined by a court of law to be illegal or unenforceable, then such provision
will be enforced to the maximum extent possible and the other provisions will
remain fully effective and enforceable.

 

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16. Waiver. Participant acknowledges that a waiver by the Company of the breach
of any provision of this Agreement shall not operate or be construed as a waiver
of any other provision of this Agreement, or of any subsequent breach by
Participant or any other participant.

17. No Rights as Employee, Director or Consultant. Nothing in this Agreement
shall affect in any manner whatsoever the right or power of the Company, or a
Parent or Subsidiary, to terminate Participant’s employment or other service
relationship for any reason, with or without cause.

18. Language. If Participant has received this Agreement or any other document
related to the Plan translated into a language other than English and if the
meaning of the translated version is different than the English version, the
English version will control.

19. Electronic Delivery and Acceptance. The Company may, in its sole discretion,
decide to deliver any documents related to current or future participation in
the Plan by electronic means. Participant hereby consents to receive such
documents by electronic delivery and agrees to participate in the Plan through
an on-line or electronic system established and maintained by the Company or a
third party designated by the Company.

By your signature and the signature of the Company’s representative on the
Notice of Grant, Participant and the Company agree that this RSU is granted
under and governed by the terms and conditions of the Plan, the Notice of Grant
and this Agreement. Participant has reviewed the Plan, the Notice of Grant and
this Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to signing this Agreement, and fully understands all provisions of
the Plan, the Notice of Grant and this Agreement. Participant hereby agrees to
accept as binding, conclusive and final all decisions or interpretations of the
Committee upon any questions relating to the Plan, the Notice of Grant and this
Agreement. Participant further agrees to notify the Company upon any change in
Participant’s residence address.

 

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APPENDIX

COUNTRY-SPECIFIC TERMS AND CONDITIONS TO

GLU MOBILE INC.

AWARD AGREEMENT (RESTRICTED STOCK UNITS)

Terms and Conditions

This Appendix includes additional terms and conditions that govern the RSUs
granted to Participant if Participant resides in one of the countries listed
herein. If Participant is a citizen or resident (or is considered as such for
local law purposes) of a country other than the country in which Participant is
currently residing, or if Participant transfers to another country after the
grant but prior to the vesting of the RSUs, the Company shall, in its
discretion, determine to what extent the additional terms and conditions
contained herein shall be applicable to Participant.

Notifications

This Appendix may also include information regarding certain other issues of
which Participant should be aware with respect to his or her participation in
the Plan. The information is based on the securities, exchange control, tax and
other laws in effect in the respective countries as of April 2013. Such laws are
often complex and change frequently. As a result, the Company strongly
recommends that Participant not rely on the information noted herein as the only
source of information relating to the consequences of Participant’s
participation in the Plan because the information may be out of date at the time
Participant vests in RSUs or sells shares acquired upon vesting of the RSUs. In
addition, the information is general in nature and may not apply to
Participant’s particular situation, and the Company is not in a position to
assure Participant of any particular result. Accordingly, Participant is advised
to seek appropriate professional advice as to how the relevant laws in
Participant’s country may apply to his or her individual situation.

If Participant is a citizen or resident (or is considered as such for local law
purposes) of a country other than the country in which Participant is currently
residing, or if Participant transfers to another country after the grant but
prior to the vesting of the RSUs, the notifications contained herein may not be
applicable to Participant.

Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the RSU Agreement or the Plan.

Canada

Terms and Conditions

RSUs Payable Only in Shares. Notwithstanding any discretion contained in
Section 9.3 of the Plan or Section 1 of the RSU Agreement, the grant of RSUs
does not provide any right for Participant to receive a cash payment and the
RSUs are payable in Shares only.

Termination. The following provision replaces the second paragraph of Section 5
of the RSU Agreement:

For purposes of this grant of RSUs, the Termination Date is deemed to occur
effective as of the earlier of (a) the date Participant is no longer actively
providing services to the Company or any Subsidiary, and (b) the date
Participant receives notice of termination of service from the Employer,
regardless of any notice period or period of pay in lieu of such notice required
under local law (including, but not limited to statutory law, regulatory law
and/or common law).

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Notifications

Securities Law Information. Participant will not be permitted to sell or
otherwise dispose of the shares acquired upon vesting of the RSUs within Canada.
Participant will only be permitted to sell or dispose of any shares acquired
under the Plan if such sale or disposal takes place outside of Canada on the
facilities on which such shares are traded.

The following provisions apply if Participant is a resident of Quebec:

Language Consent. The parties acknowledge that it is their express wish that the
RSU Agreement, as well as all documents, notices and legal proceedings entered
into, given or instituted pursuant hereto or relating directly or indirectly
hereto, be drawn up in English.

Les parties reconnaissent avoir exigé la rédaction en anglais de la convention,
ainsi que de tous documents, avis et procédures judiciaires, exécutés, donnés ou
intentés en vertu de, ou liés directement ou indirectement à, la présente
convention.

Data Privacy. The following provision supplements Section 9 of the RSU
Agreement:

Participant hereby authorizes the Company and the Company’s representatives to
discuss and obtain all relevant information from all personnel, professional or
non-professional, involved in the administration of the Plan. Participant
further authorizes the Company and any Subsidiary to record such information and
to keep such information in Participant’s employment file.

China

Terms and Conditions

The following applies only to Participants who are subject to exchange control
restrictions in the People’s Republic of China, as determined by the Company in
its sole discretion.

Vesting of RSUs. Notwithstanding the vesting schedule set forth in the Notice of
Grant or any other provision of the RSU Agreement, Participant agrees that the
RSUs shall not vest unless and until the Company receives all necessary
approvals from the State Administration of Foreign Exchange (“SAFE”) to offer
equity awards in China (“SAFE Approval”). If Participant’s service relationship
Terminates for any reason prior to receipt of the SAFE Approval, all unvested
RSUs shall be forfeited to the Company forthwith, and all rights of Participant
to such RSUs shall immediately terminate.

If SAFE Approval is received after the first or additional vesting dates would
have occurred pursuant to the vesting schedule set forth in the Notice of Grant
(but which did not occur in the absence of SAFE Approval) and provided
Participant has continued to provide service to the Company or any Subsidiary
through the date on which the SAFE Approval is received, on the date SAFE
Approval is received, Participant will vest in the RSUs which would have vested
on any vesting dates prior to the SAFE Approval date, and such RSUs shall be
settled in accordance with Section 1 of the RSU Agreement. Any remaining RSUs
will vest in accordance with the vesting schedule set forth in the Notice of
Grant, subject to Participant’s continued service with the Company or any
Subsidiary.

 

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Settlement of RSUs and Sale of Shares. This provision supplements Section 1 of
the RSU Agreement:

To facilitate compliance with local regulatory requirements, Participant agrees
that the Company is entitled, at its discretion, to sell any Shares to be issued
to Participant upon vesting of the RSUs. The sale may occur (a) immediately upon
the vesting of the RSUs, (b) following Participant’s Termination, or (c) within
any other time frame as the Company determines to be necessary to comply with
local regulatory requirements. Participant further agrees that the Company is
authorized to instruct its designated broker to assist with the mandatory sale
of such Shares (on Participant’s behalf pursuant to this authorization) and
Participant expressly authorizes the Company’s designated broker to complete the
sale of such Shares. Participant acknowledges that the Company’s designated
broker is under no obligation to arrange for the sale of the Shares at any
particular price. Upon the sale of the Shares, the Company agrees to pay
Participant the cash proceeds from the sale, less any brokerage fees or
commissions and subject to any obligation to satisfy Tax-Related Items.
Participant agrees that the payment of the cash proceeds will be subject to the
repatriation requirements described below.

Participant further agrees that any Shares that may be issued to Participant
shall be deposited directly into an account with the Company’s designated
broker. The deposited Shares may not be transferred (either electronically or in
certificate form) from the brokerage account. This limitation shall apply both
to transfers to different accounts with the same broker and to transfers to
other brokerage firms. The limitation shall apply to all Shares issued to
Participant under the Plan, whether or not Participant continues to be employed
by the Company or one of its Subsidiaries. If Participant sells Shares issued
upon vesting of the RSUs, the repatriation requirements described below shall
apply.

Exchange Control Requirements. Participant understands and agrees that, pursuant
to local exchange control requirements, Participant will be required to
repatriate the cash proceeds from the sale of the Shares issued upon the vesting
of the RSUs and any cash dividends paid on such Shares to China. Participant
further understands that, under local law, such repatriation of his or her cash
proceeds will need to be effectuated through a special exchange control account
established by the Company or one of its Subsidiaries, and Participant hereby
consents and agrees that any proceeds will be transferred to such special
account prior to being delivered to Participant.

Participant further understands that the Company may decide to deliver the
proceeds in U.S. dollars or in local currency. If the proceeds are to be
delivered in U.S. dollars, Participant understands and agrees that he or she
will be required to open a U.S. dollar account into which the proceeds may then
be transferred. If the proceeds are to be delivered in local currency,
Participant understands and agrees that the Company will be required to convert
the proceeds prior to delivery. In this respect, the Participant acknowledges
and agrees that the Company is under no obligation to secure any particular
exchange conversion rate and that there may be delays in converting the cash
proceeds to local currency due to exchange control restrictions. Participant
agrees to bear any currency fluctuation risk between the time the cash proceeds
are received and the time the cash proceeds are distributed to Participant
through the special account described above.

Finally, Participant agrees to comply with any other requirements that may be
imposed by the Company in the future in order to facilitate compliance with
exchange control requirements in China.

Russia

Notifications

Exchange Control Information. Exchange control laws require Participants
resident in Russia who sell Shares or receive dividends on such Shares to
repatriate the proceeds to Russia within a reasonably short time. Such proceeds
must initially be credited to Participant through a foreign currency account
opened in Participant’s name at an authorized bank in Russia. After the funds
are initially received in Russia, they may be further remitted to a foreign bank
subject to the following limitations: (a) the foreign account may be opened only
for individuals; (b) the foreign account may not be used for business
activities; (c) the Russian authorities must be given notice of the
opening/closing of each foreign account within one month of the account
opening/closing; and (d) the Russian tax authorities must be given notice of the
account balances of such foreign accounts as of the beginning of each calendar
year. Participant is strongly encouraged to contact Participant’s personal
advisor as exchange control requirements may change and non-compliance with
applicable requirements can result in severe penalties for Participant.

 

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Securities Law Information. The RSU Agreement, the Plan and all other materials
that Participant may receive regarding participation in the Plan do not
constitute advertising or an offering of securities in Russia. The issuance of
securities pursuant to the Plan has not and will not be registered in Russia;
hence, the securities described in any Plan-related documents may not be used
for offering or public circulation in Russia.

When Participant acquires Shares upon vesting, the Shares will be held for
Participant in a U.S. brokerage account. Participant will not be permitted to
request share certificates and hold the certificates in Russia. Participant may
sell his or her Shares on a U.S. stock market, but is not permitted to sell
Shares directly to other Russian individuals.

Labor Law Information. If Participant continues to hold Shares after an
involuntary termination of Participant’s employment, Participant may not be
eligible to receive unemployment benefits in Russia.

United Kingdom

Terms and Conditions

RSUs Payable in Shares Only. Notwithstanding any discretion contained in
Section 9.3 of the Plan, the grant of RSUs does not provide any right for
Participant to receive a cash payment and the RSUs are capable of settlement in
Shares only.

Joint Election for the Transfer of Employer’s National Insurance Contributions
to the Employee. As a condition of participation in the Plan and the vesting of
the RSUs, Participant agrees to accept any liability for secondary Class 1
National Insurance contributions (“NICs”) that may be payable by the Company or
the Employer in connection with the RSUs and any event giving rise to
Tax-Related Items (the “Employer NICs”). The Employer NICs may be collected by
the Company or the Employer using any of the methods described in Section 12
(“Responsibility for Taxes”) of the RSU Agreement.

Without prejudice to the foregoing, Participant agrees to execute a joint
election with the Company or the Employer (a “Joint Election”), the form of such
Joint Election being formally approved by Her Majesty’s Revenue and Customs
(“HMRC”), and any other consent or elections required to accomplish the transfer
of the Employer NICs liability to Participant. Participant further agrees to
execute such other elections as may be required by any successor to the Company
and/or the Employer for the purpose of continuing the effectiveness of
Participant’s Joint Election.

If Participant does not complete the Joint Election attached to this Appendix
and return such completed Joint Election to the Employer prior to vesting of the
RSUs, or if approval of the Joint Election is withdrawn by HMRC and a new Joint
Election is not entered into, this award of RSUs shall become null and void and
will not vest, without any liability to the Company, the Employer or any Parent
or Subsidiary of the Company.

Withholding of Taxes. This provision supplements Section 12 of the RSU
Agreement:

If payment or withholding of the income tax due is not made within 90 days of
the event giving rise to the income tax or such other period specified in
Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the
“Due Date”), the amount of any uncollected income tax shall constitute a loan
owed by Participant to the Employer, effective as of the Due Date. Participant
agrees that the loan will bear interest at the then-current official rate of
HMRC, it shall be immediately due and repayable, and the Company or the Employer
may recover it at any time thereafter by any of the means referred to in
Section 12 of the RSU Agreement. Notwithstanding the foregoing, if Participant
is a director or executive officer of the Company (within the meaning of
Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), he
or she shall not be eligible for a loan from the Company to cover the income
tax. If Participant is a director or executive officer and income tax is not
collected from or paid by him or her by the Due Date, the amount of any
uncollected income tax will constitute a benefit to Participant on which
additional income tax and NICs will be payable. Participant will be responsible
for reporting and paying any income tax due on this additional benefit directly
to HMRC under the self-assessment regime and for reimbursing the Company or the
Employer (as applicable) for the value of the employee NICs due on this
additional benefit.

 

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United States

Terms and Conditions

Termination. This provision replaces the second paragraph of Section 5 of the
RSU Agreement:

If Participant is an employee of the Company or a Subsidiary, Participant’s
employment constitutes employment at-will, and nothing in this Agreement shall
affect in any manner whatsoever the right or power of the Company, or if
applicable, Subsidiary of the Company, to terminate Participant’s employment,
for any reason at any time.

Responsibility for Taxes. The following provisions supplement Section 12 of the
RSU Agreement:

Participant acknowledges that there will be tax consequences upon settlement of
the RSUs or disposition of the Shares, if any, received in connection therewith,
and Participant should consult a tax adviser regarding Participant’s tax
obligations prior to such settlement or disposition. Upon vesting of the RSU,
Participant will include in income the fair market value of the Shares subject
to the RSU. The included amount will be treated as ordinary income by
Participant and will be subject to withholding by the Company when required by
applicable law. Unless the Company notifies Participant in writing (where email
will suffice) that Participant will make arrangements to pay the Company
applicable income and employment taxes in cash, the Company shall withhold a
number of Shares with a fair market value (determined on the applicable vesting
date of the RSU) equal to the minimum amount the Company is required to withhold
for income and employment taxes. Upon disposition of the Shares, any subsequent
increase or decrease in value will be treated as short-term or long-term capital
gain or loss, depending on whether the Shares are held for more than one year
from the date of settlement. Further, a RSU is considered a deferral of
compensation that is subject to Section 409A of the Code. Section 409A of the
Code imposes special rules to the timing of making and effecting certain
amendments of this RSU with respect to distribution of any deferred
compensation. Participant should consult his or her personal tax advisor for
more information on the actual and potential tax consequences of this RSU.

For purposes of the Agreement and to the extent applicable to a Participant, a
termination of employment will be determined consistent with the rules relating
to a “separation from service” as defined in Section 409A of the Internal
Revenue Code and the regulations thereunder (“Section 409A”). Notwithstanding
anything else provided herein, to the extent any payments/consideration provided
under this Agreement constitute deferred compensation subject to Section 409A,
and Participant is deemed at the time of such termination of employment or
service to be a “specified employee” under Section 409A, then such payment shall
not be made or commence until the earlier of (a) the expiration of the six-month
period measured from the separation from service from the Company or (b) the
date of Participant’s death following such a separation from service; provided,
however, that such deferral shall only be effected to the extent required to
avoid adverse tax treatment to Participant including, without limitation, the
additional tax for which Participant would otherwise be liable under
Section 409A(a)(1)(B) in the absence of such a deferral. To the extent any
payment under this Agreement may be classified as a “short-term deferral” within
the meaning of Section 409A, such payment shall be deemed a short-term deferral,
even if it may also qualify for an exemption from Section 409A under another
provision of Section 409A. Payments pursuant to this provision are intended to
constitute separate payments for purposes of Section 1.409A-2(b)(2) of the
Treasury Regulations.

 

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