Document:

Exhibit 10.02

Exhibit 10.2

AMENDMENT

TO

CHANGE OF CONTROL SEVERANCE AGREEMENT

This AMENDMENT TO CHANGE OF CONTROL SEVERANCE AGREEMENT is entered into as of July 7, 2011
(this “Amendment”) and amends that certain Change of Control Severance Agreement, dated as of
October 10, 2008 (the “Original Agreement”), by and between Glu Mobile Inc., a Delaware corporation
(the “Company”), and Eric Ludwig, an individual (the “Employee”). The capitalized terms not
otherwise defined herein have the respective meanings given to them in the Original Agreement.

RECITALS 

WHEREAS, it is expected that the Company from time to time will consider the possibility of a
Change of Control. The Company’s Board of Directors (the “Board”) recognizes that such
consideration can be a distraction to the Employee and can cause the Employee to consider
alternative employment opportunities;

WHEREAS, the Board believes that it is in the best interests of the Company and its
stockholders to provide the Employee with an incentive to continue his employment and to maximize
the value of the Company upon a Change of Control for the benefit of its stockholders; and

WHEREAS, in connection with its regular executive compensation review, the Compensation
Committee of the Board determined that it was in the best interests of the Company’s stockholders
to amend the severance benefits that the Employee would otherwise receive upon termination of his
employment following a Change of Control.

AGREEMENTS 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and the continued
employment of the Employee by the Company, the parties agree as follows:

1. Section 4(a) of the Original Agreement is amended to provide the Employee with revised
benefits in the event of a termination of his employment following a Change of Control. Section
4(a) of the Original Agreement is hereby amended to read in its entirety as follows:

“(a) Termination Following a Change of Control. If the Employee’s employment with the
Company is terminated without Cause or is terminated as a result of an Involuntary Termination at
any time within twelve (12) months after a Change of Control and the Employee delivers to the
Company within sixty (60) days following such termination a general release of claims in favor of
the Company (the release of which shall not include any release of claims pursuant to which the
Employee is entitled to indemnification with respect to thereof) (the “Release”), then the Employee
will be entitled to the following severance benefits (which shall be payable not later than sixty
(60) days following receipt by the Company of the Release, and subject to the time limitations set
forth in Section 5):

(i) twelve (12) months of the Employee’s then-current annual base salary, payable in a lump
sum.

(ii) the Employee’s annual bonus for the year, based on the target potential amount (not the
amount actually payable), payable in a lump sum.

 

 

 

(iii) each equity award that was granted by the Company to the Employee prior to the
Termination Date shall become fully vested and exercisable.

(iv) Until the earlier of (i) the date the Employee is no longer eligible to receive
continuation coverage pursuant to COBRA (as defined below), or (ii) twelve (12) months from the
Termination Date, the Company shall reimburse the Employee for continuation coverage pursuant to
COBRA as was in effect for the Employee (and any eligible dependents) on the day immediately
preceding the Termination Date; provided, however, that (i) the Employee constitutes a qualified
beneficiary, as defined in Section 4980B(g)(l) of the Code; and (ii) the Employee timely elects
continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended (“COBRA”).”

2. Except as expressly modified by this Amendment, all terms of the Original Agreement shall
remain unmodified and in full force and effect. In any case of any conflict between any term
and/or condition of this Amendment and any term and/or condition of the Original Agreement, the
terms and/or conditions of this Amendment shall prevail, precede, govern and supersede such
conflicting terms and/or conditions.

3. The Original Agreement and this Amendment constitute the entire agreement between the
parties with respect to the subject matter hereof and supersedes and replaces any and all prior and
contemporaneous agreements with respect to the subject matter hereof, whether written or oral
between the parties related thereto.

4. This Amendment will be governed and construed by the law designated for the interpretation
and construction of the provisions of the Original Agreement.

5. No modification of this Amendment shall be of any force or effect unless made in writing
and signed by each of the Company and the Employee.

6. This Amendment may be executed in one or more counterparts, each of which will be deemed to
be an original, but all of which, together, shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly
authorized representatives as follows:

	 	 	 	 	 	 	 	 	 
	Glu Mobile Inc.	 	Employee	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ William J. Miller
 

	 	By:
	 	/s/ Eric R. Ludwig
 

	 	 
	Signature	 	Signature	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	William J. Miller
	 	Name:
	 	Eric R. Ludwig	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 ChairmanExhibit 10.03

Exhibit 10.3

Summary of Change of Control Severance Arrangement between Glu Mobile Inc. and Kal Iyer

Effective as of July 7, 2011

In the event that the employment of Kal Iyer (the “Employee”), the Senior Vice President, Research
and Development of Glu Mobile Inc. (the “Company”), is terminated without Cause or as a result of
an Involuntary Termination at any time within 12 months after a Change of Control, and the Employee
delivers to the Company a signed general release of claims, then he will receive (i) six months of
his then-current annual base salary, (ii) 50% of his annual bonus for such calendar year, based on
the target potential amount (not the amount actually payable), (iii) an additional 36 months of
vesting with respect to each of his then-outstanding and not fully vested equity awards and (iv) up
to six months of continuation coverage for him (and any eligible dependents) pursuant to the
Consolidated Omnibus Budget Reconciliation Act of 1985.

The defined terms used above have the following meanings:

“Cause” means (i) the Employee’s committing of an act of gross negligence, gross misconduct or
dishonesty, or other willful act, including misappropriation, embezzlement or fraud, that
materially adversely affects the Company or any of the Company’s customers, suppliers or partners,
(ii) his personal dishonesty, willful misconduct in the performance of services for the Company, or
breach of fiduciary duty involving personal profit, (iii) his being convicted of, or pleading no
contest to, any felony or misdemeanor involving fraud, breach of trust or misappropriation or any
other act that the Company’s Board reasonably believes in good faith has materially adversely
affected, or upon disclosure will materially adversely affect, the Company, including the Company’s
public reputation, (iv) any material breach of any agreement with the Company by him that remains
uncured for 30 days after written notice by the Company to him, unless that breach is incapable of
cure, or any other material unauthorized use or disclosure of the Company’s confidential
information or trade secrets involving personal benefit or (v) his failure to follow the lawful
directions of the Company’s chief executive officer, in the scope of his employment unless he
reasonably believes in good faith that these directions are not lawful and notifies the chief
executive officer of the reasons for his belief.

“Involuntary Termination” means the Employee’s resignation of employment from the Company expressly
based on the occurrence of any of the following conditions, without the Employee’s informed written
consent, provided, however, that with respect to each of the following conditions, the Employee
must (a) within 90 days following its occurrence, deliver to the Company a written notice
explaining the specific basis for the Employee’s belief that the Employee is entitled to terminate
the Employee’s employment due to an Involuntary Termination and (b) give the Company an opportunity
to cure any of the following within 30 days following delivery of such notice and explanation (i) a
material reduction in his duties, position or responsibilities, or his removal from these duties,
position and responsibilities, unless he is provided with a position of substantially equal or
greater organizational level, duties, authority and compensation; provided, however, that a change
of title, in and of itself, or a reduction of duties, position or responsibilities solely by virtue
of the Company’s being acquired and made part of a larger entity will not constitute an
“Involuntary Termination,” (ii) a greater than 15% reduction in his then-current annual base
compensation that is not applicable to the Company’s other executive officers, or (iii) a
relocation to a facility or a location more than 30 miles from his then-current location of
employment.

“Change of Control” means the closing of (i) a merger or consolidation in one transaction or a
series of related transactions, in which the Company’s securities held by the Company’s
stockholders before the merger or consolidation represent less than 50% of the outstanding voting
equity securities of the
surviving corporation after the transaction or series of related transactions, (ii) a sale or other
transfer of all or substantially all of the Company’s assets as a going concern, in one transaction
or a series of related transactions, followed by the distribution to the Company’s stockholders of
any proceeds remaining after payment of creditors or (iii) a transfer of more than 50% of the
Company’s outstanding voting equity securities by the Company’s stockholders to one or more related
persons or entities other than the Company in one transaction or a series of related transactions.

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