EX-10.2





 Exhibit 10.2 

EXECUTION COPY 

RESTRICTED UNIT AGREEMENT 

PURSUANT TO THE 
 TAKE-TWO INTERACTIVE SOFTWARE, INC. 
 2017 STOCK INCENTIVE PLAN 

This Restricted Unit Agreement (this “Agreement”), dated as of April 13, 2022, is made by and between Take-Two Interactive Software, Inc. (the “Company”) and ZelnickMedia Corporation (the “Participant”). 

W I T N E S S E T H: 

WHEREAS, the Company has adopted the Take-Two Interactive Software, Inc. 2017 Stock Incentive
Plan (as amended and restated from time to time, the “Plan”), a copy of which has been delivered to the Participant, which is administered by a committee appointed by the Company’s Board of Directors (the
“Committee”); 
 WHEREAS, pursuant to Section 7 of the Plan, the Committee may grant restricted stock units
(“Restricted Units”), each representing the right to receive one (1) share (a “Share”) of the Company’s common stock, par value $0.01 per share (“Common Stock”), or the cash value of
one (1) share of Common Stock, as determined by the Committee, on a specified settlement date, to Consultants; and 
 WHEREAS,
pursuant to the Management Agreement between the Participant and the Company, dated as of November 17, 2017, and effective as of January 1, 2018 (the “Management Agreement”), the Company may grant to the Participant
additional equity awards, in amounts determined at the discretion of the Committee. 
 NOW, THEREFORE, for and in consideration of
the mutual promises herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

1. Grant of Restricted Units. Subject to the restrictions, terms and conditions of this Agreement, the Company hereby
awards to the Participant 197,013 Restricted Units, subject to adjustment, forfeiture and the other terms and conditions set forth below. The Restricted Units constitute an unfunded and unsecured promise of the Company to deliver (or cause to
be delivered) to the Participant, subject to the terms of this Agreement, cash, Shares or a combination of cash and Shares, in the discretion of the Company, on the applicable vesting date for such Restricted Units as provided herein. Until such
delivery, the Participant shall have only the rights of a general unsecured creditor, and no rights as a shareholder of the Company; provided, that if prior to the settlement of any Restricted Unit, (a) the Company pays a cash dividend (whether
regular or extraordinary) or otherwise makes a cash distribution to a shareholder in respect of a Share, then the Company shall credit, in respect of each then-outstanding Restricted Unit held by the Participant, an amount equal to any such cash
dividend or distribution to a book entry account on behalf of the Participant, provided that such cash dividend or distribution shall not be deemed to be reinvested in shares of Common Stock and will be held uninvested and without interest and paid
in cash at the same time as such Restricted Unit vests and is settled under Section 2 below 












 
(and the Participant shall forfeit any such right to such cash if such Restricted Unit is forfeited prior to vesting), and (b) the Company pays a
non-cash dividend (whether regular or extraordinary) or otherwise makes a non-cash distribution in Shares or other property to a shareholder in respect of a Share, then
the Company shall provide the Participant, in respect of each then-outstanding Restricted Unit held by the Participant, an amount equal to the Fair Market Value of such Shares or an amount equal to the fair market value of such other property as
reasonably determined by the Company in good faith, as applicable, at the same time as such Restricted Unit vests and is settled under Section 2 below (and the Participant shall forfeit any such right to such amount if such Restricted Unit is
forfeited prior to vesting). 
 2. Vesting. The Restricted Units shall become vested and settled in accordance with the
terms set forth on Annex A attached hereto. 
 3. Taxes. The Participant shall be solely responsible for all applicable
federal, state, local, and foreign taxes the Participant incurs from the grant, vesting or settlement of the Restricted Units. 
 4.
No Obligation to Continue Service. This Agreement is not an agreement of consultancy. This Agreement does not guarantee that the Company or its affiliates will retain, or continue to retain, the Participant during the entire, or
any portion of the, term of this Agreement, including but not limited to any period during which the Restricted Units are outstanding, nor does it modify in any respect the Company or its affiliate’s right to terminate or modify the
Participant’s consultancy or compensation. 
 5. Power of Attorney. The Company, and its successors and assigns,
is hereby appointed the attorney-in-fact, with full power of substitution, of the Participant for the purpose of carrying out the provisions of this Agreement and taking
any action and executing any instruments which such attorney-in-fact may reasonably deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and coupled with an interest. The Company, as attorney-in-fact
for the Participant, may in the name and stead of the Participant, make and execute all conveyances, assignments, and transfers of the Restricted Units, Shares, and property provided for herein, and the Participant hereby ratifies and confirms all
that the Company, as said attorney-in-fact, shall do by virtue hereof. Nevertheless, the Participant shall, if so requested by the Company, execute and deliver to the
Company all such instruments as may, in the reasonable judgment of the Company, be advisable for the purpose. 
 6. Uncertificated
Shares. Notwithstanding anything else herein, to the extent permitted under applicable law, the Company may issue Shares in the form of uncertificated shares. Such uncertificated Shares shall be credited to a book entry account
maintained by the Company (or its designee) on behalf of the Participant. If thereafter certificates are issued with respect to the uncertificated Shares, such issuance and delivery of certificates shall be in accordance with the applicable terms of
this Agreement. 

  
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 7. Provisions of Plan Control. This Agreement is subject to all the
terms, conditions, and provisions of the Plan, including, without limitation, the amendment provisions thereof, and to such rules, regulations, and interpretations relating to the Plan as may be adopted by the Committee and as may be in effect from
time to time. The Plan is incorporated herein by reference. By signing and returning this Agreement, the Participant acknowledges having received and read a copy of the Plan and agrees to comply with it, this Agreement and all applicable laws and
regulations. Capitalized terms in this Agreement that are not otherwise defined shall have the same meaning as set forth in the Plan. If and to the extent that this Agreement conflicts or is inconsistent with the terms, conditions and provisions of
the Plan, the Plan shall control, and this Agreement shall be deemed to be modified accordingly. 
 8. Adjustments. The
Company shall make any adjustments to the Restricted Units upon any changes in capital structure of the Company, as determined by the Committee in good faith and in a manner consistent with the Plan. 

9. Notices. Any notice or communication given hereunder (each a “Notice”) shall be in writing and shall
be sent by personal delivery, by courier or by United States mail (registered or certified mail, postage prepaid and return receipt requested), to the appropriate party at the address set forth below: 

If to the Company, to: 
 Take-Two Interactive Software, Inc. 
 110 West 44th
Street 
 New York, New York 10036 

Telephone: (646) 536-2842 

Attention: General Counsel 
 If to
the Participant, to: 
 ZelnickMedia Corporation 

110 East 59th Street, 24th Floor 

New York, NY 10022 
 Telephone:
(212) 223-1383 
 Attention: Strauss Zelnick 

or such other address or to the attention of such other person as a party shall have specified by prior Notice to the other party. Each Notice will be deemed
given and effective upon actual receipt (or refusal of receipt). 
 10. Governing Law. All questions concerning the
construction, validity, and interpretation of this Agreement will be governed by, and construed in accordance with, the domestic laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

  
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 11. Consent to Jurisdiction. Notwithstanding anything in the Plan to
the contrary, in the event of any dispute, controversy, or claim between the Company or any affiliate and the Participant in any way concerning, arising out of or relating to the Plan or this Agreement (a “Dispute”), including
without limitation any Dispute concerning, arising out of, or relating to the interpretation, application, or enforcement of the Plan or this Agreement, the parties hereby (a) agree and consent to the personal jurisdiction of the courts of the
State of New York located in New York County and/or the Federal Courts of the United States of America located in the Southern District of New York (collectively, the “Agreed Venue”) for resolution of any such Dispute,
(b) agree that those courts in the Agreed Venue, and only those courts, shall have exclusive jurisdiction to determine any Dispute, including any appeal, and (c) agree that any cause of action arising out of this Agreement shall be deemed
to have arisen from a transaction of business in the State of New York. The parties also hereby irrevocably (i) submit to the jurisdiction of any competent court in the Agreed Venue (and of the appropriate appellate courts therefrom),
(ii) to the fullest extent permitted by law, waive any and all defenses the parties may have on the grounds of lack of jurisdiction of any such court and any other objection that such parties may now or hereafter have to the laying of the venue
of any such suit, action, or proceeding in any such court (including without limitation any defense that any such suit, action, or proceeding brought in any such court has been brought in an inconvenient forum), and (iii) consent to service of
process in any such suit, action, or proceeding anywhere in the world, whether within or without the jurisdiction of any such court, in any manner provided by applicable law. Without limiting the foregoing, each party agrees that service of process
on such party pursuant to a Notice as provided in Section 9 hereof shall be deemed effective service of process on such party. Any action for enforcement or recognition of any judgment obtained in connection with a Dispute may be enforced in
any competent court in the Agreed Venue or in any other court of competent jurisdiction. 
 12. Counterparts. This
Agreement may be executed (including by facsimile transmission) with counterpart signature pages or in separate counterparts each of which shall be an original and all of which taken together shall constitute one and the same agreement. 

13. Amendment. The Committee may, subject to the terms of the Plan, at any time and from time to time amend, in whole or
in part, any or all of the provisions of this Agreement, and may also suspend or terminate this Agreement, subject to the terms of the Plan. Except as otherwise provided in the Plan, no modification or waiver of any of the provisions of this
Agreement shall be effective unless in writing by the party against whom it is sought to be enforced. 
 14.
Miscellaneous. 
 (a) This Agreement shall inure to the benefit of and be binding upon the parties hereto and their
respective heirs, legal representatives, successors, and assigns. 
 (b) This Agreement, the Plan, and the Management Agreement contain the
entire understanding of the parties with respect to the subject matter hereof and supersedes any prior agreements between the Company and the Participant with respect to the subject matter hereof. 

  
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 (c) The failure of any party hereto at any time to require performance by another party of
any provision of this Agreement shall not affect the right of such party to require performance of that provision, and any waiver by any party of any breach of any provision of this Agreement shall not be construed as a waiver of any continuing or
succeeding breach of such provision, a waiver of the provision itself, or a waiver of any right under this Agreement. 
 (d) Although the
Company makes no guarantee with respect to the tax treatment of the Restricted Units, the Company intends that the Restricted Units shall not constitute “nonqualified deferred compensation” subject to Section 409A of the Internal
Revenue Code of 1986, as amended, and any successor provision or any Treasury Regulation promulgated thereunder (“Section 409A”) and this Agreement shall be interpreted, administered and construed consistent with
such intent. If, and only to the extent that, (i) the Restricted Units constitute “deferred compensation” within the meaning of Section 409A and (ii) the Participant is deemed to be a “specified employee” (as such
term is defined in Section 409A and as determined by the Company), the payment of Restricted Units on termination of the Management Agreement shall not be made until the first business day of the seventh month following such termination or, if
earlier, the date of the Participant’s death. 
 [End of text. Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first
above written. 
  

			
	COMPANY:
	
	TAKE-TWO INTERACTIVE SOFTWARE, INC.
		
	By:	 	/s/ Daniel P. Emerson
		 	Name: Daniel P. Emerson
		 	Title: EVP and Chief Legal Officer
	
	PARTICIPANT:
	
	ZELNICKMEDIA CORPORATION
		
	By:	 	/s/ Karl Slatoff
		 	Name: Karl Slatoff
		 	Title: Partner



  
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 Annex A 

Vesting 
 A. Time Based Vesting.

 Subject to Section C, 57,197 of the Restricted Units (the “Time-Based Units”) shall become vested on
April 13, 2024 (the “Vesting Date”). 
 B. Performance Based Vesting. 

Subject to Section C, certain of the Restricted Units shall be subject to performance-based vesting in accordance with
Section (B)(i) (the “TSR Performance-Based Units”), Section (B)(ii) (the “Recurrent Consumer Spending Performance-Based Units”), and Section (B)(iii) (the “IP Performance-Based
Units,” and together with the TSR Performance-Based Units and the Recurrent Consumer Spending Performance-Based Units, the “Performance-Based Units”). 

(i) TSR Performance-Based Units. The target number of TSR Performance-Based Units that shall be eligible to vest pursuant to this
Section B(i) shall be 52,431, and the maximum number of TSR Performance-Based Units that shall be eligible to vest pursuant to this Section B(i) shall be 104,862. Subject to Section C, on the Vesting Date, a number of
TSR Performance-Based Units shall become vested equal to the product of (x) the target number of TSR Performance-Based Units eligible to vest pursuant to this Section B(i) multiplied by (y) the TSR Vesting Percentage as of
March 31, 2024, rounded down to the nearest whole TSR Performance-Based Unit. 
 (ii) Recurrent Consumer Spending Performance-Based
Units. The target number of Recurrent Consumer Spending Performance-Based Units that shall be eligible to vest pursuant to this Section B(ii) shall be 8,739, and the maximum number of Recurrent Consumer Spending Performance-Based
Units that shall be eligible to vest pursuant to this Section B(ii) shall be 17,478. Subject to Section C, on the Vesting Date, a number of Recurrent Consumer Spending Performance-Based Units shall become vested equal to the product
of (x) the target number of Recurrent Consumer Spending Performance-Based Units in such vesting tranche multiplied by (y) the Recurrent Consumer Spending Vesting Percentage as of March 31, 2024, rounded down to the nearest
whole Recurrent Consumer Spending Performance-Based Unit. 
 (iii) IP Performance-Based Units. The target number of IP
Performance-Based Units that shall be eligible to vest pursuant to this Section B(iii) shall be 8,738, and the maximum number of IP Performance-Based Units that shall be eligible to vest pursuant to this Section B(iii) shall be
17,476. Subject to Section C, on the Vesting Date, a number of IP Performance-Based Units shall become vested equal to the product of (x) the target number of IP Performance-Based Units in such vesting tranche multiplied by
(y) the IP Vesting Percentage on March 31, 2024, rounded down to the nearest whole IP Performance-Based Unit. 

  
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 C. Qualifying Termination; Change in Control. 

(i) Termination. In the event of a Qualifying Termination prior to the earlier of (x) the Vesting Date or (y) a Change in
Control (as defined in the Management Agreement): (a) the effective date of such Qualifying Termination shall serve as the vesting date for all Time-Based Units hereunder, and all such Time-Based Units shall vest as of such date; (b) the
effective date of such Qualifying Termination shall serve as the vesting date for all TSR Performance-Based Units hereunder and the given date for purposes of the Measurement Price, and the number of such TSR Performance-Based Units that shall vest
as of such date shall be calculated in accordance with Section B(i) above based upon the Percentile Rank through the effective date of such Qualifying Termination; and (c) the effective date of such Qualifying Termination shall serve as
the vesting date for all Recurrent Consumer Spending Performance-Based Units and IP Performance-Based Units hereunder, and the target number of such Recurrent Consumer Spending Performance-Based Units and IP Performance-Based Units (as set forth in
Sections B(ii) and B(iii), as applicable) shall vest as of such date without regard to the application of the Applicable Vesting Percentage. 

(ii) Change in Control. If a Change in Control occurs while the Management Agreement remains in effect, in any case prior to the
earlier of (x) the Vesting Date or (y) a Qualifying Termination, all Time-Based Units and the target number of Performance-Based Units (as set forth in Sections B(i), B(ii) and B(iii), as applicable) shall remain eligible to vest and shall
vest (without regard to the application of the Applicable Vesting Percentage, in the case of Performance-Based Units), in each case, as of the earlier of (a) a Qualifying Termination or (b) the Vesting Date. Each Restricted Unit that
remains eligible to vest following a Change in Control pursuant to the foregoing sentence shall be referred to as a “Vesting-Eligible Unit.” Upon the occurrence of a Change in Control, each Vesting-Eligible Unit shall be converted
into an amount in cash equal to the Market Value of the consideration payable in the Change in Control in respect of each such Vesting-Eligible Unit, and such consideration shall be paid to the Participant promptly following the satisfaction of the
vesting conditions set forth in this Section C(ii) (i.e., in full on the Vesting Date, or if earlier, upon a Qualifying Termination), and shall automatically be forfeited and shall revert back to the Company if such vesting conditions
are not satisfied. 
 D. Forfeiture. 

(i) Any Restricted Units that have not vested as of the termination of the Management Agreement for any reason other than a Qualifying
Termination shall automatically be forfeited and shall revert back to the Company without compensation to the Participant. 
 (ii) Any
Performance-Based Units that (x) have not vested as of the earlier of (a) the Vesting Date or (b) the effective date of a Qualifying Termination, or (y) do not become Vesting-Eligible Units upon the occurrence of a Change in
Control (i.e., any Performance-Based Units above the target numbers set forth in Sections B(i), B(ii) and B(iii), as applicable), shall automatically be forfeited and shall revert back to the Company without compensation to the Participant.

 E. Settlement. Subject to the last sentence of Section C(ii), upon vesting pursuant to Sections A, B, and C, the Company shall deliver to the
Participant an amount in cash having a value equal to the aggregate value of a number of Shares equal to the number of Restricted Units vesting on such date, based on the closing price of the Shares on such settlement date on the principal national
securities exchange on which the Shares are traded on such date (or if the Shares are not traded on such date, the immediately preceding trading day), provided that the Participant has satisfied any 


  
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tax withholding obligations as described in this Agreement. Notwithstanding anything herein to the contrary, but subject to the last sentence of Section C(ii), each Restricted Unit
(including any amount provided for pursuant to Section 1(a) of the Agreement) may, at the election of the Company, be settled in Shares issued pursuant to the Plan (subject to any required delay in issuance as required under the Plan). To the
extent any Shares become deliverable to the Participant hereunder the Participant shall be deemed the beneficial owner of any Share issued upon settlement of a Restricted Unit at the close of business on any settlement date and shall be entitled to
any dividend or distribution that has not already been made with respect to such Share if the record date for such dividend or distribution is after the close of business on such settlement date, and the Company shall promptly issue and deliver,
unless the Company is using a book entry or similar method pursuant to Section 6 of the Agreement (in which case the Company shall upon request promptly issue and deliver upon the Participant’s request), to the Participant a new stock
certificate registered in the name of the Participant for any Shares issued upon settlement of Restricted Units and deliver to the Participant such Shares, in each case free of all liens, claims and other encumbrances (other than those created by
the Participant). 
 F. Definitions. 

“Add-On Content” in respect of any IP means all interactive software entertainment
products that are sold as a supplement (including as part of a bundle or special/premium edition) to a full game release of such IP, including but not limited to expansion packs and micro-content (or, in the case of free-to-play game software programs, that are sold in connection with such IP), which are not playable separately from such IP, but excluding any Sequel of such IP. 

“Applicable Vesting Percentage” means (i) with respect to TSR Performance-Based Units, the TSR Vesting Percentage,
(ii) with respect to Recurrent Consumer Spending Performance-Based Units, the Recurrent Consumer Spending Vesting Percentage, and (iii) with respect to IP Performance-Based Units, the IP Vesting Percentage. 

“Individual Release” means any IP released at any time prior to or following the date of this Agreement across any and all
gaming platforms and all SKUs released of any IP, including, for the avoidance of doubt, any bundles, anniversary editions or “game of the year” editions of such IP but excluding (i) any Add-On
Content in respect of such IP and (ii) any expansion packs that are playable separately from such IP, with each such expansion pack being deemed to be a separate Individual Release. 

“IP” means any commercially-released interactive entertainment product, including any commercially-released products that are
derived from or use the branding, environments or characters of such products (e.g., Sequels and subsequent Individual Releases). 

“IP Vesting Percentage” as of a given date is a function of the Company’s
Sell-In Performance for any Individual Release of IP calculated as of such date, determined by reference to the following table. For the avoidance of doubt, the IP Vesting Percentage shall be determined based
on the Company’s Sell-In Performance with respect to one Individual Release of IP. If multiple Individual Releases of IP occur during the relevant measurement period, the IP Vesting Percentage shall be
determined based on the Individual Release of IP that results in the highest IP 

  
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Vesting Percentage. Without limiting the generality of the foregoing, in no event shall (i) the Company’s Sell-In Performance with respect to
multiple Individual Releases of IP or (ii) the IP Vesting Percentages attributable to multiple Individual Releases of IP, be aggregated for purposes of determining the IP Vesting Percentage. By way of example, if, during the relevant
measurement period, the Company has an Individual Release of IP that results in a Sell-In Performance of 6,000,000 units, as well as an Individual Release of IP that results in
Sell-In Performance of 8,000,000 units, the IP Vesting Percentage will be 100% (i.e., the highest IP Vesting Percentage attributable to an Individual Release of IP). For purposes of calculating the IP
Vesting Percentage under Section B(iii) of this Annex A, except where such calculation is not required as provided in Section C of this Annex A, the relevant measurement date will be March 31, 2024. 

(x) For any Individual Release of IP: 
  

					
	 IP Sell-In
Performance
	  	IP Vesting Percentage	 
	 Less than 6,000,000 units
	  	 	0	% 
	 6,000,000 units
	  	 	50	% 
	 8,000,000 units
	  	 	100	% 
	 10,000,000 units or greater
	  	 	200	% 

 In the event that the IP Sell-In Performance is less than 6,000,000
units, the IP Vesting Percentage shall be zero percent (0%). In the event that the IP Sell-In Performance falls between any of the values listed in the table above, the IP Vesting Percentage shall be based on
a straight line interpolation between such two values. 
 “Measurement Price” as of a given date means the average of the
closing prices of the Common Stock or the common stock of a Peer Group company, as applicable, for each of the 30 trading days ending on (and including) such date. For purposes of calculating the TSR Vesting Percentage under Section B(i) of this
Annex A, except where such calculation is not required as provided in Section C of this Annex A, the given date for the definition of Measurement Price will be March 31, 2024. 

The “Peer Group” shall consist of the companies that comprise The NASDAQ Composite Index on March 31, 2022;
provided, that (i) subject to clause (ii) below, if a member of the Peer Group ceases to be publicly traded for any reason following March 31, 2022 and prior to the applicable date on which the Measurement Price is calculated,
that member of the Peer Group shall be deleted as a member of the Peer Group and shall not be counted for purposes of the TSR Vesting Percentage and related calculations and (ii) if a member of the Peer Group becomes bankrupt following
March 31, 2022 and prior to the applicable date on which the Measurement Price is calculated, that member of the Peer Group shall remain a member of the Peer Group and shall be attributed a Total Shareholder Return of -100% for purposes of the TSR Vesting Percentage and related calculations (even if such member of the Peer Group ceases to be publicly traded upon or following its bankruptcy). 

  
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 The “Percentile Rank” of the Company’s Total Shareholder Return is
defined as the percentage of the Peer Group companies’ returns falling at or below the Company’s Total Shareholder Return. The formula for calculating the Percentile Rank is as follows: 

Percentile Rank = (N - R + 1) ÷ N × 100 

Where: 
 N = total number of
companies in the Peer Group 
 R = the numeric rank of the Company’s Total Shareholder Return relative to the Peer Group, where the
highest Total Shareholder Return in the Peer Group is ranked number 1 
 The Percentile Rank shall be rounded to the nearest whole
percentage, with (0.5) rounded up. 
 To illustrate, if the Company’s Total Shareholder Return is the 25th highest in a Peer Group
comprised of 100 companies, its Percentile Rank would be 76. The calculation is (100 - 25 + 1) ÷ 100 × 100 = 76. 
 The
“Port” of an IP means a substantially similar version of such IP developed to operate on a platform other than the platform for which such IP had theretofore been developed to operate. 

“Qualifying Termination” means (i) a termination of the Management Agreement by the Company without Cause (as defined in
the Management Agreement), including any termination by the Company (other than for Cause) in connection with a Change in Control, or by ZelnickMedia or its assignee for Good Reason (as defined in the Management Agreement) or (ii) the failure
of the Company and ZelnickMedia to enter into a new management agreement, on terms substantially similar in the aggregate to the terms of the Management Agreement, upon the expiration of the Initial Term (as defined therein) or to otherwise agree to
extend the Initial Term. 
 “Recurrent Consumer Spending” as of a given date shall mean the consolidated net bookings
generated by the Company that are supplemental to the sale of any full game release from the sale of virtual currency, add-on content, microtransactions and similar items, calculated on a basis consistent with
how the Company calculates recurrent consumer spending for its management reporting. For the avoidance of doubt, Recurrent Consumer Spending shall not include full-game digital downloads. 

“Recurrent Consumer Spending Vesting Percentage” is a function of the Company’s Recurrent Consumer Spending and is
determined by reference to the following tables. The first table measures the percentage change between Recurrent Consumer Spending for the fiscal year ended March 31, 2022 and the two-year average
Recurrent Consumer Spending for the fiscal years ending March 31, 2023 and March 31, 2024, while the second table measures two-year average Recurrent Consumer Spending for the fiscal years ending
March 31, 2023 and March 31, 2024 as a percentage of two-year average total net bookings for the fiscal years ending March 31, 2023 and March 31, 2024, and reflects a Relative Recurrent
Consumer Spending Vesting Percentage. For the avoidance of doubt, the Recurrent Consumer Spending Vesting Percentage shall be equal to either the Absolute Recurrent Consumer Spending Vesting Percentage or the Relative Recurrent Consumer Spending
Vesting Percentage, whichever is greater. 

  
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	 Absolute Recurrent Consumer Spending Growth

(during the relevant measurement period)
	  	Absolute Recurrent Consumer
Spending Vesting Percentage	 
	 Less than 3%
	  	 	0	% 
	 3%
	  	 	50	% 
	 6%
	  	 	100	% 
	 9% or greater
	  	 	200	% 

 In the event that the Absolute Recurrent Consumer Spending Growth is less than 3%, the Absolute Recurrent
Consumer Spending Vesting Percentage shall be zero percent (0%). In the event that the Absolute Recurrent Consumer Spending Growth falls between any of the values listed in the table above, the Absolute Recurrent Consumer Spending Vesting Percentage
shall be based on a straight line interpolation between such two values. 
  

					
	 Relative Recurrent Consumer Spending (as a

percentage of two-year average total net
bookings)
	  	Relative Recurrent Consumer
Spending Vesting Percentage	 
	 Less than 27.5%
	  	 	0	% 
	 27.5%
	  	 	50	% 
	 37.5%
	  	 	100	% 
	 47.5% or greater
	  	 	200	% 

 In the event that the Relative Recurrent Consumer Spending Growth is less than 27.5%, the Relative Recurrent
Consumer Spending Vesting Percentage shall be zero percent (0%). In the event that the Relative Recurrent Consumer Spending Growth falls between any of the values listed in the table above, the Relative Recurrent Consumer Spending Vesting Percentage
shall be based on a straight line interpolation between such two values. 
 “Reference Price” means the average of the
closing prices of the Common Stock or the common stock of a Peer Group company, as applicable, for each of the 30 trading days ending on (and including) March 31, 2022. 

“Sell-In Performance” as of a given date means, with respect to any Individual
Release of IP, the number of units “sold-in” during the period beginning on April 1, 2022 and ending on March 31, 2024. 

“Sequel” means with respect to any IP, any game software program, other than any Port or
Add-On Content, in any medium that is derived from such IP within the same genre, utilizing the same game play, and based on the same themes and using the same brand name as such IP where the visual
display(s), character(s), background(s), virtual environment(s), or other visual or video elements accessible to the end-user of the game software program are derived from comparable elements of such IP. 

  
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 “Total Shareholder Return” as of a given date means the percentage change
in the value of the Common Stock or the common stock of a Peer Group company, as applicable, from the Reference Price to the Measurement Price on such date. 

“TSR Vesting Percentage” as of a given date is a function of the Company’s Percentile Rank among the Peer Group
calculated as of such date, determined by reference to the following table: 
  

					
	 Percentile Rank
	  	TSR Vesting Percentage	 
	 Less than 40th Percentile
	  	 	0	% 
	 40th Percentile
	  	 	50	% 
	 50th Percentile
	  	 	100	% 
	 75th Percentile or greater
	  	 	200	% 

 In the event that the Percentile Rank is less than 40th Percentile, the TSR Vesting Percentage shall be zero
percent (0%). In the event that the Percentile Rank falls between any of the values listed in the table above, the TSR Vesting Percentage shall be based on a straight line interpolation between such two values. 

  
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