Exhibit 10.29


 


ASSIGNMENT AND
ASSUMPTION AGREEMENT


 


This
ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of July 9, 2008, is made
between VIVENDI HOLDING I CORP., a Delaware corporation (the “Assignor”)
and ACTIVISION, INC., a Delaware corporation (also known as ACTIVISION
BLIZZARD, INC., the “Assignee”).


 


RECITALS


 


The
Assignee and affiliates of the Assignor have entered into that certain Business
Combination Agreement, dated as of December 1, 2007 (the “BCA”),
pursuant to which, among other things, affiliates of the Assignor have agreed
to cause the Assignor to assign to Assignee and the Assignee has agreed to
assume from the Assignor the Assignor’s rights, duties and obligations under
the employment letter agreement, dated December 1, 2007, by and between the
Assignor and Bruce L. Hack, providing for Mr. Hack’s employment as Vice
Chairman of the Board and Chief Corporate Officer of the Assignee after the
closing of the transactions contemplated by the BCA (the “Employment
Agreement”).


 


AGREEMENT


 


NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:


 


1.             The Assignee hereby
agrees to pay, discharge, perform or otherwise satisfy, and assumes and agrees
to be bound by, all obligations of the Assignor under the Employment Agreement.


 


2.             The Assignor hereby
contributes, conveys, transfers and assigns to the Assignee all of the Assignor’s
rights, duties and obligations under the Employment Agreement.


 


3.             Nothing in this
Agreement shall alter any liability or obligation of the Assignee or any
affiliate of the Assignor arising under the BCA.


 


4.             This Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns.


 


5.             This Agreement
shall be governed by, and construed in accordance with, the internal laws of
the State of New York, without regard to the laws of any other jurisdiction
that might be applied because of the conflicts of laws principles of the State
of New York.


 


6.             This Agreement may
be executed in counterparts, each of which shall be deemed an original and all
of which, when taken together, shall constitute one and the same instrument.


 


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been intentionally left blank.]


 

















 


IN
WITNESS WHEREOF, the parties have executed this Assignment and Assumption
Agreement as of the date first written above.


 


	
   

  	
  VIVENDI
  HOLDING I CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s
  George E. Bushnell III

  
	
   

  	
   

  	
  Name:
  

  	
  George
  E. Bushnell III

  
	
   

  	
   

  	
  Title:
  

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
  ACTIVISION,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Robert A. Kotick

  
	
   

  	
   

  	
  Name:
  

  	
  Robert
  A. Kotick

  
	
   

  	
   

  	
  Title:
  

  	
  Chief
  Executive Officer