Document:

Exhibit
10.18

 

AUSTRALIAN
ADDENDUM

 

ACTIVISION,
INC.

SECOND
AMENDED AND RESTATED

2002
EMPLOYEE STOCK PURCHASE PLAN

FOR
INTERNATIONAL EMPLOYEES, AS AMENDED

 

	
  1.

  	
  PURPOSE

  

 

This addendum
(the “Australian Addendum”) to the Activision, Inc.
Second Amended and Restated 2002 Employee Stock Purchase Plan for International
Employees, as amended (the “Activision International
Plan”) has been or will be adopted1 to  set forth certain rules which,
together with those provisions of the Activision International Plan which are
supplemented by this Australian Addendum, will:

 

	
  (a)

  	
  govern the operation of the Plan (as
  defined below) with respect to Australian Offerees (as defined below), and

  
	
   

  	
   

  
	
  (b)

  	
  ensure compliance of the Plan with ASIC
  Class Order 03/184 (the “Class Order”),
  relevant provisions of the Corporations Act 2001  and ASIC Regulatory Guide 49.

  

 

In the event of any conflict between these provisions
and the Activision International Plan, these provisions shall prevail.

 

	
  2.

  	
  DEFINITIONS

  

 

Except as set out below, capitalized terms used herein
shall have the meanings given to such terms in the Activision International
Plan.

 

For the purposes of this Australian Addendum:

 

“ASIC” means the Australian Securities and
Investments Commission;

 

“Associated Body Corporate” means (as determined in
accordance with the Corporations Act
2001):

 

	
  (a)

  	
  a body corporate that is a related body
  corporate of the Company; or

  
	
   

  	
   

  
	
  (b)

  	
  a body corporate that has voting power in
  the Company of not less than 20%; or

  
	
   

  	
   

  
	
  (c)

  	
  a body corporate in which the Company has
  voting power of not less than 20%;

  

 

“Australian ADI” means an Australian
authorized deposit-taking institution which is regulated by the Australian
Prudential Regulation Authority under the Australian Banking Act;

 

1 The Company may
adopt the Australian Addendum after the Offer date, but undertakes to adopt the
Australian Addendum prior to the beginning of the Offering Period to which the
Offer relates.  In the unlikely event
that the Australian Addendum is not adopted prior to the beginning of the
Offering Period, the Offer will be rescinded and Australian Offerees will not
be entitled to participate in the Plan with respect to the Offering Period to
which the Offer relates.

 

 

-1-

 

“Australian  Offeree” means any person to whom an offer
or invitation of shares of Stock is made in Australia under the Plan;

 

“Australian Participant”  means
an Australian Offeree who has accepted an Offer (as defined below) to
participate in the Plan;

 

“Australian Subsidiary” means each Australian
Associated Body Corporate of the Company whose employees have been designated
to participate in the Plan;

 

 “Contributions” means contributions made by
an Australian Participant from his or her Compensation to participate in the
Plan;

 

“Offer” means an offer made in
Australia to Australian Offerees to purchase shares of Stock under the terms of
the Plan; and

 

“Plan” means the Activision International Plan,
as supplemented for implementation in Australia by the Australian Addendum.

 

	
  3.

  	
  FORM OF
  AWARDS GOVERNED BY THIS ADDENDUM

  

 

This
Australian Addendum governs the grant of rights to purchase shares of Stock under
the Plan.  The rights to purchase shares
of Stock will be granted to Australian Offerees at no cost to them.

 

	
  4.

  	
  AUSTRALIAN
  OFFEREES

  

 

In
Australia, an Offer may be extended only to Australian Offerees who at the time
of the Offer are full- or part-time employees of the Company or an Australian
Subsidiary and who meet the eligibility requirements of the Plan.

 

	
  5.

  	
  AUSTRALIAN
  OFFER DOCUMENT

  
	
   

  	
   

  
	
  5.1

  	
  Copy of Plan

  

 

Any
Offer made in Australia to participate in the Plan must be in writing (the “Offer Document”) which sets out the terms of the Offer and
must include or be accompanied by a copy of the rules of the Plan (or a
summary thereof).  Where a summary of the
Plan is provided with the Offer, the Offer Document must include an undertaking
that, during the Offering Period, the Company or its Australian Subsidiary will,
within a reasonable period of time of an Australian Offeree so requesting,
provide the Australian Offeree with a copy of the rules of the Plan,
without charge.  The Company must take
reasonable steps to ensure that any Australian Offeree is given a copy of the
Offer Document.

 

	
  5.2

  	
  Employee
  Contributions to Be Held In Trust with Australian ADI

  

 

The
Offer Document must also state:

 

	
  (a)

  	
  the Australian ADI where
  Contributions are held;

  

 

 

-2-

 

	
  (b)

  	
  the length of time Contributions may be held;
  and

  
	
   

  	
   

  
	
  (c)

  	
  the rate of interest payable (if any) on the
  Contributions held in the account.

  

 

	
  5.3

  	
  Australian Dollar Equivalent of Purchase Price

  

 

The
Offer Document must specify the Australian dollar equivalent of the Purchase Price
were the Purchase Price formula applied at the date of the Offer.

 

	
  5.4

  	
  Updated Purchase Price Information

  

 

The
Offer Document must include an undertaking by the Company that, and an
explanation of the way in which, the Company or its Australian Subsidiary will
(during the Offering Period and within a reasonable period of an Australian Offeree
so requesting), make available to the Australian Offeree the following
information:

 

	
  (a)

  	
  the
  Australian dollar equivalent of the current Fair Market Value of the shares
  of Stock offered under the Plan; and

  
	
   

  	
   

  
	
  (b)

  	
  the
  Australian dollar equivalent of the Purchase Price if the Purchase Price
  formula were applied at the date of the Australian Offeree’s request.

  

 

For
the purposes of this clause 5.4 and as defined in Section 1(i) of the
Activision
International Plan, the current Fair Market Value of the
shares of Stock generally shall be equal to the price at which such Stock was last
traded on the Nasdaq Global Select Market (or the stock exchange on which the Stock
is listed and traded) on the applicable date, as reported in The Wall Street Journal or as reported directly to the
Company by Nasdaq or another stock exchange. 
 Please note that for Australian
tax purposes, market value is defined differently than Fair Market Value, as
described in the applicable Offer Document.

 

	
  5.5

  	
  Exchange Rate for Australian Dollar Equivalent of
  Purchase Price

  

 

For
the purpose of calculating the Purchase Price in Australian dollars, the
Australian / U.S. dollar exchange rate shall be calculated by reference to the
relevant exchange rate published by an Australian bank no earlier than on the
previous business day.

 

	
  6.

  	
  NO LOAN OR FINANCIAL ASSISTANCE

  

 

Neither
the Company, nor any Associated Body Corporate, may offer Australian
Participants any loan or other financial assistance for the purpose of, or in
connection with, the acquisition of the shares of Stock to which the Offer
relates.

 

	
  7.

  	
  RESTRICTION ON CAPITAL RAISING: 5% LIMIT

  

 

In the case of
any Offer that will involve the issue of shares of Stock or a right to purchase
or receive shares of Stock, the number of shares of Stock that are the subject
of the Offer under the Plan, or to be purchased pursuant to the Plan, when
aggregated with:

 

 

-3-

 

	
  (a)

  	
  the number of shares of Stock in the same class
  which would be issued to Australian Offerees were each outstanding Offer of
  shares of Stock or rights to purchase shares of Stock under the Plan or any
  other employee share scheme of the Company, to be accepted or exercised (as
  the case may be); and

  
	
   

  	
   

  
	
  (b)

  	
  the number of shares of Stock in the same class
  issued during the previous five (5) years pursuant to the Plan or any
  other employee share scheme extended only to employees or directors of the
  Company or any Associated Body Corporate of the Company,

  

 

but not
including any Offer made or shares of Stock issued by way of or as a result of:

 

	
  (i)

  	
  an offer or invitation to a person situated at the
  time of receipt of the offer or invitation outside Australia; or

  
	
   

  	
   

  
	
  (ii)

  	
  an offer that was an excluded offer or invitation
  within the meaning of the Corporations Act 2001
  as it existed prior to 13 March 2000; or

  
	
   

  	
   

  
	
  (iii)

  	
  an offer that did not require disclosure to
  investors because of section 708 of the Corporations Act 2001;
  or

  
	
   

  	
   

  
	
  (iv)

  	
  an offer that did not require a Product Disclosure
  Statement because of section 1012D of the Corporations Act 2001;
  or

  
	
   

  	
   

  
	
  (v)

  	
  an offer made under a disclosure document or a
  Product Disclosure Statement,

  

 

must not
exceed five percent (5%) of the total number of issued shares of Stock in that class
of shares of the Company as at the time of the Offer.

 

	
  8.

  	
  LODGING OF OFFER DOCUMENT WITH ASIC

  
	
   

  	
   

  

 

A copy
of the Offer Document (which need not contain details of the Offer particular
to the Australian Offeree such as the identity or entitlement of the Offeree)
and each accompanying document must be filed with ASIC no later than seven (7) days
after the first distribution of such documents to an Australian Offeree.

 

	
  9.

  	
  COMPLIANCE WITH UNDERTAKINGS

  

 

The
Company or an Australian Subsidiary must comply with any undertaking required
to be made in the Offer Document, including the undertaking to provide updated pricing
information on request.

 

	
  10. 

  	
  CONTRIBUTION PLAN

  

 

All Contributions must be
authorised by the Australian  Offeree on the same form of agreement
which is used in respect of the Offer or on a form which is included in or
accompanies the Offer Document.

 

 

-4-

 

Any Contributions must, prior
to being used to purchase shares of Stock, be held by the Company in trust for
the Australian Participant in an account of an Australian ADI which is
established and kept by the Company solely for the purpose of depositing the
Contributions.

 

An Australian Participant may withdraw from participation
in the Plan at any time and, as soon as practicable after such withdrawal, all
money deposited with the Australian ADI in relation to that Australian Participant must be repaid to that Australian
Participant.  However, a withdrawal during
the period commencing twenty (20) days before the end of each six (6) month
Accumulation Period shall not be effective until the commencement of the next Accumulation
Period.

 

*          *          *          *          *

 

 

-5-Exhibit
10.22

 

AUSTRALIAN
ADDENDUM

 

ACTIVISION, INC.

2007 INCENTIVE PLAN

 

1.            PURPOSE

 

This addendum (the “Australian Addendum”) to the Activision, Inc.
2007 Incentive Plan (the
“Activision Incentive Plan”) is adopted
to set forth certain rules which, together with those provisions of the Activision
Incentive Plan which are supplemented by this Australian Addendum, will:

 

(a)                               govern the operation of the Australian
Plan (as defined below) with respect to the grant of Awards (as defined below) to
Australian Offerees (as defined below), and

 

(b)                              ensure compliance of the Australian
Plan with ASIC Class Order 03/184 (the “Class Order”),
relevant provisions of the Corporations Act
2001 and ASIC Regulatory Guide 49.

 

In the event of any conflict
between these provisions and the Activision Incentive Plan, these provisions
shall prevail.

 

2.            DEFINITIONS

 

Except as set out below, any
capitalized term used herein shall have the meaning ascribed to such term in
the Activision Incentive Plan.

 

For the purposes of this
Australian Addendum:

 

“ASIC” means the Australian Securities
and Investments Commission;

 

“Associated Body Corporate”
means (as
determined in accordance with the Corporations Act
2001):

 

(a)          a body corporate that is a related body
corporate of the Company; or

 

(b)          a body corporate that has voting power in the
Company of not less than 20%; or

 

(c)          a body corporate in which the Company has
voting power of not less than 20%;

 

“Australian Offeree” means any person to whom an offer
or invitation of Common Shares, Stock Options, Restricted Share Units and/or
other Awards is made in Australia under the Australian Plan;

 

“Australian Subsidiary” means each Australian Associated
Body Corporate of the Company whose employees have been designated to
participate in the Australian Plan;

 

“Award” means any Stock Option, SAR,
Performance Share, Performance Unit, Restricted Share or Restricted Share Unit as
defined under the Activision Incentive Plan;

 

 

1

 

“Offer” means an offer made in Australia
to Australian Offerees to acquire Common Shares under the terms of the Australian
Plan; and

 

“Australian Plan” means the Activision Incentive Plan,
as supplemented for implementation in Australia by the Australian Addendum.

 

3.            FORM OF AWARDS GOVERNED BY THIS ADDENDUM

 

This Australian Addendum
governs the grant of Awards in Australia under the Australian Plan.  Other awards contemplated by
the Activision Incentive Plan will not be granted under this
Addendum.  All Awards will be granted to
Australian Offerees at no cost to them.

 

4.            AUSTRALIAN OFFEREES

 

In Australia, an Offer may
be extended only to Australian Offerees who at the time of the Offer are full-
or part-time employees or directors of the Company or an Australian Subsidiary and
who meet the eligibility requirements of the Australian Plan.

 

5.            NO CONTRIBUTION PLAN OR TRUST

 

An Offer under the Australian
Plan must not involve a contribution plan and the Company may not make any
offer, issue or sale under the Australian Plan through a trust.

 

6.            AUSTRALIAN OFFER DOCUMENT

 

6.1               Copy of Australian Plan

 

Any Offer made in Australia to participate in the Australian
Plan must be in writing (the “Offer
Document”) and such writing must set out the terms of the Offer and must
include or be accompanied by a copy of the rules of the Australian Plan
(or a summary thereof).  Where a summary
of the Australian Plan is provided with the Offer, the Offer Document must
include an undertaking that, during the period in which Awards may be granted or
Common Shares may be acquired under the Australian Plan, the Company or its
Australian Subsidiary will, within a reasonable period of time of an Australian
Offeree so requesting, provide the Australian Offeree with a copy of the rules of
the Australian Plan, without charge.  The
Company must take reasonable steps to ensure that any Australian Offeree is
given a copy of the Offer Document.

 

6.2                                              Australian Dollar Equivalent
of Exercise Price (for Stock Options) or Issue Price (for other Awards)

 

For the Offer of Stock Options, the Offer Document must specify the
Australian dollar equivalent of the Exercise Price as of the date of the Offer.

 

For the Offer of any other type of Award, the Offer Document must
specify the Australian dollar equivalent of the issue price of the underlying
Common Shares, the subject of the Offer Document (the “Issue Price”),
if any, as of the date of the Offer.

 

 

2

 

6.3              Updated Pricing Information

 

The Offer Document must include an undertaking by the Company that, and
an explanation of the way in which, the Company or its Australian Subsidiary will
(during the Offer period and within a reasonable period of an Australian
Offeree so requesting) make available to the Australian Offeree the following
information:

 

(a)                                                 the Australian dollar equivalent
of the current Market Value per Share as of the date of the Australian Offeree’s
request; and

 

(b)                                                the Australian dollar equivalent
of the Exercise Price or the Issue Price, as applicable, as of the date of the
Australian Offeree’s request.

 

For the purposes of this clause 6.3 and as defined in Section 2(t) of
the Activision Incentive Plan, the Market Value per Share means: as of a
particular date, the closing price per Common Share as reported on the principal
securities exchange, association or quotation system on which Common Shares are
then listed or quoted.  Please note that,
for Australian tax purposes, market value is defined differently than Market
Value per Share, as described in the applicable Offer Document.

 

6.4              Exchange Rate for Australian Dollar Equivalent of
Exercise Price or Issue Price

 

For the purposes of clauses 6.2 and 6.3, the Australian / U.S. dollar exchange
rate shall be calculated by reference to the relevant exchange rate published by
an Australian bank no earlier than on the
previous business day.

 

7.            LOAN OR FINANCIAL ASSISTANCE

 

If the Company or an
Associated Body Corporate offers an Australian Offeree any loan or other
financial assistance for the purpose of acquiring the Common Shares to which
the Offer relates, the Offer Document must disclose the conditions, obligations
and risks associated with such loan or financial assistance.

 

8.            RESTRICTION ON CAPITAL RAISING: 5% LIMIT

 

In the case of any Offer
that will involve the issue of Common Shares or a right to purchase or receive Common
Shares, including Awards, the number of Common Shares that are the subject of
the Offer under the Australian Plan, or to be received pursuant to an Award, when
aggregated with:

 

(a)                                                 the number of Common Shares in the
same class which would be issued to Australian Offerees were each outstanding
Offer of Common Shares or Awards to acquire unissued Common Shares under the Australian
Plan or any other employee share scheme of the Company, to be accepted or
exercised (as the case may be); and

 

(b)                                                the number of Common Shares in the
same class issued during the previous five (5) years pursuant to the Australian
Plan or any other employee share scheme extended 

 

 

3

 

only to employees or directors of the Company or any Associated Body
Corporate of the Company;

 

but not including any Offer
made, Award granted or Common Shares issued by way of or as a result of:

 

	
  (i)

  	
   

  	
  an offer or invitation to a person situated at the time of receipt of
  the offer or invitation outside Australia; or

  
	
   

  	
   

  	
   

  
	
  (ii)

  	
   

  	
  an offer that was an excluded offer or invitation within the meaning
  of the Corporations Act 2001 as it existed
  prior to 13 March 2000; or

  
	
   

  	
   

  	
   

  
	
  (iii)

  	
   

  	
  an offer that did not require disclosure to investors because of
  section 708 of the Corporations Act
  2001; or

  
	
   

  	
   

  	
   

  
	
  (iv)

  	
   

  	
  an offer that did not require a Product Disclosure Statement because
  of section 1012D of the Corporations Act
  2001; or

  
	
   

  	
   

  	
   

  
	
  (v)

  	
   

  	
  an offer made under a disclosure document or a Product Disclosure
  Statement,

  

 

must not exceed five percent
(5%) of the total number of issued Common Shares in that class of shares of the
Company as at the time of the Offer.

 

9.            LODGING OF OFFER DOCUMENTS WITH ASIC

 

A copy of the Offer Document
(which need not contain details of the Offer particular to the Australian
Offeree such as the identity or entitlement of the Offeree) and each
accompanying document must be filed with ASIC no later than seven (7) days
after the first distribution of such documents to an Australian Offeree.

 

10.         COMPLIANCE WITH UNDERTAKINGS

 

The Company or an Australian
Subsidiary must comply with any undertaking required to be made in the Offer
Document including the undertaking to provide updated pricing information on
request.

 

 

*             *             *             *             *

 

 

4

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