Document:

2008 Equity Inducement Plan, as amended and restated on August 1, 2011.

 EXHIBIT 4.03 

GLU MOBILE INC. 
 2008 Equity Inducement Plan 
 (adopted by the Committee on March 13,
2008) 
 (as amended and restated through August 1, 2011) 

1. PURPOSE. The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons whose
potential contributions are important to the success of the Company, and any Parents and Subsidiaries that exist now or in the future, by offering them an opportunity to participate in the Company’s future performance through the grant of
Awards. Capitalized terms not defined elsewhere in the text are defined in Section 19. 
 2. SHARES SUBJECT TO
THE PLAN. 
 2.1 Number of Shares Available. Subject to Section 2.3 and any other applicable provisions
hereof, the total number of Shares reserved and available for grant and issuance pursuant to this Plan is the aggregate of (1) 600,000 Shares reserved as of the Effective Date of the Plan, (2) an additional 819,245 Shares reserved as of
December 28, 2009 and (3) an additional 1,050,000 shares reserved as of August 1, 2011, plus Shares subject to Awards, and Shares issued upon exercise of Awards, will again be available for grant and issuance in connection with
subsequent Awards under this Plan to the extent such Shares: (i) are subject to issuance upon exercise of an Option granted under this Plan but which cease to be subject to the Option for any reason other than exercise of the Option;
(ii) are subject to Awards granted under this Plan that are forfeited or are repurchased by the Company at the original issue price; (iii) are surrendered pursuant to an Exchange Program; or (iv) are subject to Awards granted under
this Plan that otherwise terminate without such Shares being issued. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will become available for future grant or sale under the Plan.
To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the Plan. 

2.2 Minimum Share Reserve. At all times the Company shall reserve and keep available a sufficient number of Shares as shall be
required to satisfy the requirements of all outstanding Awards granted under this Plan and all other outstanding but unvested Awards granted under this Plan. 
 2.3 Adjustment of Shares. If the number of outstanding Shares is changed by a stock dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or
similar change in the capital structure of the Company, without consideration, then (a) the number of Shares reserved for issuance and future grant under the Plan set forth in Section 2.1 and (b) the Exercise Prices of and number of
Shares subject to outstanding Awards, shall be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance with applicable securities laws; provided that fractions of a Share will not be
issued. 
 3. ELIGIBILITY. Awards may be granted only to persons who (a) were not previously an
employee or director of the Company or any Parent or Subsidiary of the Company or (b) have completed a period of bona fide non-employment by the Company, and any Parent or Subsidiary of the Company; and then only as an incentive material to
such persons entering into employment with the Company or any Parent or Subsidiary of the Company. A person eligible for an Award under this Plan may be granted more than one Award under this Plan. 

4. ADMINISTRATION. 
 4.1 Committee Composition; Authority. This Plan will be administered by the Committee or by the Board acting as the Committee. Subject to the general purposes, terms and conditions of this Plan,
and to the direction of the Board, the Committee will have full power to 

  
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implement and carry out this Plan. Notwithstanding the foregoing, the grant of any Award shall not be effective unless: (i) if the grant is made by the Board, then it must be approved by a
majority of the Outside Directors on the Board; and (ii) if the grant is made by the Committee, then the Committee must be comprised solely of Outside Directors (except as otherwise permitted under the rules of the NASD). The Committee will
have the authority to: 
 (a) construe and interpret this Plan, any Award Agreement and any other agreement or document
executed pursuant to this Plan; 
 (b) prescribe, amend and rescind rules and regulations relating to this Plan or any Award;

 (c) select persons to receive Awards; 
 (d) determine the form and terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price,
the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based
in each case on such factors as the Committee will determine; 
 (e) determine the number of Shares or other consideration
subject to Awards; 
 (f) determine the Fair Market Value in good faith, if necessary; 

(g) determine whether Awards will be granted singly, in combination with, in tandem with, or as alternatives to, other Awards under this
Plan or any other incentive or compensation plan of the Company or any Parent or Subsidiary of the Company; 
 (h) grant
waivers of Plan or Award conditions; 
 (i) determine the vesting, exercisability and payment of Awards; 

(j) correct any defect, supply any omission or reconcile any inconsistency in this Plan, any Award or any Award Agreement; 

(k) determine whether an Award has been earned; 
 (l) determine the terms and conditions of any, and to institute any Exchange Program; 
 (m) reduce or waive any criteria with respect to Performance Factors; 
 (n)
adjust Performance Factors to take into account changes in law and accounting or tax rules as the Committee deems necessary or appropriate; and 
 (o) make all other determinations necessary or advisable for the administration of this Plan. 
 4.2 Committee Interpretation and Discretion. Any determination made by the Committee with respect to any Award shall be made in its sole discretion at the time of grant of the Award or, unless
in contravention of any express term of the Plan or Award, at any later time, and such determination shall be final and binding on the Company and all persons having an interest in any Award under the Plan. Any dispute regarding the interpretation
of the Plan or any Award Agreement shall be submitted by the Participant or Company to the Committee for review. The resolution of such a dispute by 

  
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the Committee shall be final and binding on the Company and the Participant. The Committee may delegate to one or more executive officers the authority to review and resolve disputes with respect
to Awards held by Participants who are not Insiders, and such resolution shall be final and binding on the Company and the Participant. 
 4.3 Section 16 of the Exchange Act. Awards granted to Insiders must be approved by two or more “non-employee directors” (as defined in the regulations promulgated under
Section 16 of the Exchange Act). 
 5. OPTIONS. The Committee may grant Options to Participants, which
will be Nonqualified Stock Options (“NQSOs”) and will determine the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may be exercised, and all other terms and
conditions of the Option, subject to the following: 
 5.1 Option Grant. Each Option granted under this Plan will be an
NQSO. An Option may be, but need not be, awarded upon satisfaction of such Performance Factors during any Performance Period as are set out in advance in the Participant’s individual Award Agreement. If the Option is being earned upon the
satisfaction of Performance Factors, then the Committee will: (x) determine the nature, length and starting date of any Performance Period for each Option; and (y) select from among the Performance Factors to be used to measure the
performance, if any. Performance Periods may overlap and Participants may participate simultaneously with respect to Options that are subject to different performance goals and other criteria. 

5.2 Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant such
Option, or a specified future date. The Award Agreement and a copy of this Plan will be delivered to the Participant within a reasonable time after the granting of the Option. 
 5.3 Exercise Period. Options may be exercisable within the times or upon the conditions as set forth in the Award Agreement governing such Option; provided, however, that no Option
will be exercisable after the expiration of six (6) years from the date the Option is granted. The Committee also may provide for Options to become exercisable at one time or from time to time, periodically or otherwise, in such number of
Shares or percentage of Shares as the Committee determines. 
 5.4 Exercise Price. The Exercise Price of an Option will
be determined by the Committee when the Option is granted. Payment for the Shares purchased may be made in accordance with Section 6. The Exercise Price of a NQSO may be less than one hundred percent (100%) of the Fair Market Value per
Share on the date of grant in the Committee’s discretion. 
 5.5 Method of Exercise. Any Option granted hereunder
will be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Committee and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. An Option will be
deemed exercised when the Company receives: (i) notice of exercise (in such form as the Committee may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which
the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment authorized by the Committee and permitted by the Award Agreement and the Plan. Shares issued upon exercise of
an Option will be issued in the name of the Participant. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or
any other rights as a stockholder will exist with respect to the Shares, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 2.3 of the Plan. Exercising an Option in any manner will decrease the number of Shares thereafter

  
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available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

5.6 Termination. The exercise of an Option will be subject to the following (except as may be otherwise provided in an Award
Agreement): 
 (a) If the Participant is Terminated for any reason except for Cause or the Participant’s death or
Disability, then the Participant may exercise such Participant’s Options only to the extent that such Options would have been exercisable by the Participant on the Termination Date no later than three (3) months after the Termination Date
(or such shorter time period or longer time period not exceeding five (5) years as may be determined by the Committee), but in any event no later than the expiration date of the Options. 

(b) If the Participant is Terminated because of the Participant’s death (or the Participant dies within three (3) months after
a Termination other than for Cause or because of the Participant’s Disability), then the Participant’s Options may be exercised only to the extent that such Options would have been exercisable by the Participant on the Termination Date and
must be exercised by the Participant’s legal representative, or authorized assignee, no later than twelve (12) months after the Termination Date (or such shorter time period not less than six (6) months or longer time period not
exceeding five (5) years as may be determined by the Committee), but in any event no later than the expiration date of the Options. 
 (c) If the Participant is Terminated because of the Participant’s Disability, then the Participant’s Options may be exercised only to the extent that such Options would have been exercisable by
the Participant on the Termination Date and must be exercised by the Participant (or the Participant’s legal representative or authorized assignee) no later than twelve (12) months after the Termination Date, but in any event no later than
the expiration date of the Options. 
 (d) If the Participant is Terminated for Cause, then Participant’s Options shall
expire on such Participant’s Termination Date, or at such later time and on such conditions as are determined by the Committee, but in any event no later than the expiration date of the Options. 

5.7 Limitations on Exercise. The Committee may specify a minimum number of Shares that may be purchased on any exercise of an
Option, provided that such minimum number will not prevent any Participant from exercising the Option for the full number of Shares for which it is then exercisable. 
 5.8 Modification, Extension or Renewal. The Committee may modify, extend or renew outstanding Options and authorize the grant of new Options in substitution therefor, provided that any such action
may not, without the written consent of a Participant, impair any of such Participant’s rights under any Option previously granted. 
 6. PAYMENT FOR SHARE PURCHASES. 
 Payment from a Participant for
Shares purchased pursuant to this Plan may be made in cash or by check or, where expressly approved for the Participant by the Committee and where permitted by law (and to the extent not otherwise set forth in the applicable Award Agreement):

 (a) by cancellation of indebtedness of the Company to the Participant; 

(b) by surrender of shares of the Company held by the Participant that have a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which said Award will be exercised or settled; 
 (c) by waiver of compensation
due or accrued to the Participant for services rendered or to be rendered to the Company or a Parent or Subsidiary of the Company; 

  
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 (d) by consideration received by the Company pursuant to a broker-assisted and/or same day
sale (or other) cashless exercise program implemented by the Company in connection with the Plan; 
 (e) by any combination of
the foregoing; or 
 (f) by any other method of payment as is permitted by applicable law. 

7. WITHHOLDING TAXES. 
 7.1 Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may require the Participant to remit to the Company an amount sufficient
to satisfy applicable federal, state, local and international withholding tax requirements prior to the delivery of Shares pursuant to exercise of any Award. Whenever payments in satisfaction of Awards granted under this Plan are to be made in cash,
such payment will be net of an amount sufficient to satisfy applicable federal, state, local and international withholding tax requirements. 
 7.2 Stock Withholding. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may require or permit a Participant to satisfy such tax withholding
obligation, in whole or in part by (without limitation) (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the minimum statutory amount required to be
withheld, or (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld. The Fair Market Value of the Shares to be withheld or delivered will be determined as of
the date that the taxes are required to be withheld. 
 8. TRANSFERABILITY. Unless determined otherwise by the
Committee, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution. If the Committee makes an Award transferable, such Award will contain such
additional terms and conditions as the Committee deems appropriate. All Awards shall be exercisable: (i) during the Participant’s lifetime only by (A) the Participant, or (B) the Participant’s guardian or legal
representative; and (ii) after the Participant’s death, by the legal representative of the Participant’s heirs or legatees 
 9. PRIVILEGES OF STOCK OWNERSHIP; VOTING AND DIVIDENDS. No Participant will have any of the rights of a shareholder with respect to any Shares until the Shares are issued to the Participant.
After Shares are issued to the Participant, the Participant will be a shareholder and have all the rights of a shareholder with respect to such Shares, including the right to vote and receive all dividends or other distributions made or paid with
respect to such Shares. 
 10. CERTIFICATES. All certificates for Shares or other securities delivered under this
Plan will be subject to such stock transfer orders, legends and other restrictions as the Committee may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and
other requirements of the SEC or any stock exchange or automated quotation system upon which the Shares may be listed or quoted. 
 11. ESCROW; PLEDGE OF SHARES. To enforce any restrictions on a Participant’s Shares, the Committee may require the Participant to deposit all certificates representing Shares, together
with stock powers or other instruments of transfer approved by the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the
Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. Any Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this Plan will be
required to pledge and deposit with the Company all or part of the Shares so purchased as collateral to secure the payment of the Participant’s obligation to the Company under the promissory note; provided, however, that the
Committee may require or accept other or additional forms of collateral to secure the payment of such obligation and, in 

  
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any event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection
with any pledge of the Shares, the Participant will be required to execute and deliver a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the promissory note may be released from the
pledge on a pro rata basis as the promissory note is paid. 
 12. SECURITIES LAW AND OTHER REGULATORY COMPLIANCE.
An Award will not be effective unless such Award is in compliance with all applicable federal and state securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon
which the Shares may then be listed or quoted, as they are in effect on the date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in this Plan, the Company will have no obligation to issue
or deliver certificates for Shares under this Plan prior to: (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and/or (b) completion of any registration or other qualification of
such Shares under any state or federal law or ruling of any governmental body that the Company determines to be necessary or advisable. The Company will be under no obligation to register the Shares with the SEC or to effect compliance with the
registration, qualification or listing requirements of any state securities laws, stock exchange or automated quotation system, and the Company will have no liability for any inability or failure to do so. This Plan shall not take effect until the
fifteen (15) day period provided pursuant to Nasdaq rule 4310(c)(17) has expired. 
 13. NO OBLIGATION TO
EMPLOY. Nothing in this Plan or any Award granted under this Plan will confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the Company or any Parent or
Subsidiary of the Company or limit in any way the right of the Company or any Parent or Subsidiary of the Company to terminate Participant’s employment or other relationship at any time. 

14. CORPORATE TRANSACTIONS. 
 14.1 Assumption or Replacement of Awards by Successor. In the event of a Corporate Transaction any or all outstanding Awards may be assumed or replaced by the successor corporation, which
assumption or replacement shall be binding on all Participants. In the alternative, the successor corporation may substitute equivalent Awards or provide substantially similar consideration to Participants as was provided to stockholders (after
taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the Participant, substantially similar shares or other property subject to repurchase
restrictions no less favorable to the Participant. In the event such successor or acquiring corporation (if any) refuses to assume, convert, replace or substitute Awards, as provided above, pursuant to a Corporate Transaction, then notwithstanding
any other provision in this Plan to the contrary, such Awards will expire on such transaction at such time and on such conditions as the Board (or, the Committee, if so designated by the Board) will determine; the Board (or, the Committee, if so
designated by the Board) may, in its sole discretion, accelerate the vesting of such Awards in connection with a Corporate Transaction. In addition, in the event such successor or acquiring corporation (if any) refuses to assume, convert, replace or
substitute Awards, as provided above, pursuant to a Corporate Transaction, the Committee will notify the Participant in writing or electronically that such Award will be exercisable for a period of time determined by the Committee in its sole
discretion, and such Award will terminate upon the expiration of such period. Awards need not be treated similarly in a Corporate Transaction. 
 Notwithstanding anything to the contrary in this Section 14.1, the Committee, in its sole discretion, may grant Awards that provide for acceleration upon a Corporate Transaction or in other events in
the specific Award Agreements. 
 14.2 Assumption of Awards by the Company. The Company, from time to time, also may
substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either; (a) granting an Award under this Plan in

  
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substitution of such other company’s award; or (b) assuming such award as if it had been granted under this Plan if the terms of such assumed award could be applied to an Award granted
under this Plan. 
 15. TERM OF PLAN. Unless earlier terminated as provided herein, this Plan will become
effective on the Effective Date and will terminate ten (10) years from the date this Plan is adopted by the Committee. This Plan and all Awards granted hereunder shall be governed by and construed in accordance with the laws of the State of
Delaware. 
 16. AMENDMENT OR TERMINATION OF PLAN. The Board or Committee may at any time terminate or amend this
Plan in any respect, including, without limitation, amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan; provided, however, that the Board or Committee will not, without the approval of the
shareholders of the Company, amend this Plan in any manner that requires such shareholder approval; provided further, that a Participant’s Award shall be governed by the version of this Plan then in effect at the time such Award was
granted. 
 17. NONEXCLUSIVITY OF THE PLAN. Neither the adoption of this Plan by the Committee, nor any provision
of this Plan, will be construed as creating any limitations on the power of the Board or Committee to adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of stock awards and bonuses
otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

18. INSIDER TRADING POLICY. Each Participant who receives an Award shall comply with any policy adopted by the Company from
time to time covering transactions in the Company’s securities by Employees, officers and/or directors of the Company. 

19. DEFINITIONS. As used in this Plan, and except as elsewhere defined herein, the following terms will have the following
meanings: 
 “Award” means an Option awarded under the Plan. 

“Award Agreement” means, with respect to each Award, the written or electronic agreement between the Company and
the Participant setting forth the terms and conditions of the Award, which shall be in substantially a form (which need not be the same for each Participant) that the Committee has from time to time approved, and will comply with and be subject to
the terms and conditions of this Plan. 
 “Board” means the Board of Directors of the Company.

 “Cause” means (a) the commission of an act of theft, embezzlement, fraud, dishonesty, (b) a
breach of fiduciary duty to the Company or a Parent or Subsidiary, or (c) a failure to materially perform the customary duties of Employee’s employment. 
 “Code” means the United States Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. 

“Committee” means the Compensation Committee of the Board or those persons to whom administration of the Plan, or
part of the Plan, has been delegated as permitted by law, or an “independent compensation committee” (as such term is defined for purposes of the rules of the National Association of Securities Dealers, Inc.). 

“Company” means Glu Mobile Inc., or any successor corporation. 

“Corporate Transaction” means the occurrence of any of the following events: (i) any “person” (as
such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or
more of the total voting power represented by the Company’s then-outstanding voting securities; (ii) the consummation of the sale or disposition by the Company of all or 

  
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substantially all of the Company’s assets; or (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty
percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

“Director” means a member of the Board. 
 “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code, provided, however, that the Committee in its discretion may determine whether a
total and permanent disability exists in accordance with non-discriminatory and uniform standards adopted by the Committee from time to time, whether temporary or permanent, partial or total, as determined by the Committee. 

“Effective Date” means the expiration of the fifteen (15) day waiting period following the adoption of the
Plan by the Committee, as set forth in Section 12. 
 “Employee” means any person, including
Officers, employed by the Company or any Parent or Subsidiary of the Company and who meets the eligibility requirements as set forth in Section 3. 
 “Exchange Act” means the United States Securities Exchange Act of 1934, as amended. 
 “Exercise Price” means the price at which a holder of an Award may purchase the Shares issuable upon exercise of an Award. 

“Exchange Program” means a program pursuant to which outstanding Awards are surrendered, cancelled or exchanged
for cash, the same type of Award or a different Award (or combination thereof). 
 “Fair Market Value”
means, as of any date, the value of a share of the Company’s Common Stock determined as follows: 
 (a) if such Common
Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in
The Wall Street Journal or such other source as the Board or the Committee deems reliable; 
 (b) if such Common Stock
is publicly traded but is neither listed nor admitted to trading on a national securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal or such other source as
the Board or the Committee deems reliable; or 
 (c) if none of the foregoing is applicable, by the Board or the Committee in
good faith. 
 “Insider” means an officer or director of the Company or any other person whose
transactions in the Company’s Common Stock are subject to Section 16 of the Exchange Act. 

“Option” means an award of an option to purchase Shares pursuant to Section 5. 

“Outside Director” means a Director who is not an Employee of the Company or any Parent or Subsidiary and who is
an “independent” director under the rules of the Nasdaq Stock Market, as may be amended from time to time. 

“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the
Company if each of such corporations other than the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other

  
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corporations in such chain. 
 “Participant” means
a newly hired Employee who receives an Award under this Plan at the time of his or her employment. The term “Participant” shall include individuals who were previously employed by the Company, or any Parent or Subsidiary of the Company,
who have undergone a bona fide period of non-employment by the Company. The term “Participant” shall also include individuals who become Employees of the Company, or any Parent or Subsidiary of the Company, as the result of a merger or
acquisition. 
 “Performance Factors” means the factors selected by the Committee, which may include,
but are not limited to the, the following measures (whether or not in comparison to other peer companies) to determine whether the performance goals established by the Committee and applicable to Awards have been satisfied: 

 

	 	•	 	 Net revenue and/or net revenue growth; 

  

	 	•	 	 Earnings per share and/or earnings per share growth; 

  

	 	•	 	 Earnings before income taxes and amortization and/or earnings before income taxes and amortization growth; 

 

	 	•	 	 Operating income and/or operating income growth; 

  

	 	•	 	 Net income and/or net income growth; 

  

	 	•	 	 Total stockholder return and/or total stockholder return growth; 

 

	 	•	 	 Return on equity; 

  

	 	•	 	 Operating cash flow return on income; 

  

	 	•	 	 Adjusted operating cash flow return on income; 

  

	 	•	 	 Economic value added; 

  

	 	•	 	 Individual business objectives; and 

  

	 	•	 	 Company specific operational metrics. 

 “Performance Period” means the period of service determined by the Committee, not to exceed five (5) years, during which years of service or performance is to be measured for
the Award. 
 “Plan” means this Glu Mobile Inc. 2008 Equity Inducement Plan. 

“SEC” means the United States Securities and Exchange Commission. 

“Securities Act” means the United States Securities Act of 1933, as amended. 

“Shares” means shares of the Company’s Common Stock, as adjusted pursuant to Sections 2 and 14, and any
successor security. 
 “Subsidiary” means any corporation (other than the Company) in an unbroken chain
of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of
the other corporations in such chain. 

  
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 “Termination” or “Terminated” means, for
purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee of the Company or a Parent or Subsidiary of the Company. An employee will not be deemed to have ceased to provide
services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not more than 90 days, unless reemployment upon the
expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the case of any employee on an
approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it may deem appropriate, except that in no
event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to be employed and the effective date on which the
Participant ceased to be so employed (the “Termination Date”). 

  
 1012% Secured Term Note, issued June 15, 2011

 Exhibit 10.1 
 SECURED TERM NOTE 
  

			
	 $2,200,000.00
	  	Date: June 15, 2011

 FOR VALUE RECEIVED, PA LLC (f/k/a PetroAlgae, LLC), a Delaware limited liability
company (the “Maker”) promises to pay to PetroTech Holdings, Corp., c/o Valens Capital Management, LLC (the “Payee”) at 875 Third Avenue, 3rd Floor, New York, New York 10022, or at such other place as may be designated in writing by the Payee of this Secured
Term Note (this “Term Note”), the principal sum of Two Million Two Hundred Thousand and 00/100 Dollars ($2,200,000.00) together with any accrued and unpaid interest hereon, on June 30, 2012 (the “Maturity
Date”) if not sooner indefeasibly paid in full. 
 Interest payable on the outstanding principal amount of this Term
Note (including all PIK Amounts (as defined below) added thereto, the “Principal Amount”) shall accrue at a rate per annum equal to twelve percent (12%) (the “Contract Rate”). Interest shall be
(i) calculated on the basis of a 360 day year, and (ii) payable monthly, in arrears, commencing on July 1, 2011, on the first business day of each consecutive calendar month thereafter through and including the Maturity Date, and on
the Maturity Date, whether by acceleration or otherwise (each, an Interest Payment Date”). Through any Interest Payment Date, interest on the Principal Amount of this Term Note at the Contract Rate that shall have accrued and shall
remain unpaid as of such Interest Payment Date (for any Interest Payment Date, a “PIK Amount”) shall be paid on such Interest Payment Date by addition of such PIK Amount to the Principal Amount. At the option of the Payee, the
PIK Amounts added to the principal amount outstanding under this Term Note during such year shall be evidenced by a note (a “PIK Note”) in form and substance satisfactory to the Payee, provided, however, that such PIK Note shall not
be necessary to evidence such portion of the Principal Amount nor shall the absence of such PIK Note relieve the Maker of its obligation to pay such portion of the Principal Amount to the Payee. Notwithstanding any other provision of this Term
Note and the addition of any PIK Amount to the principal amount outstanding under this Term Note, the Maker may, in its sole discretion, pay any PIK Amount in cash on any Interest Payment Date without any premium or penalty. The Maker shall
give written notice to the Payee of any such payment of a PIK Amount in cash not less than one (1) Business Day prior to the applicable Interest Payment Date. All cash payments by the Companies of any PIK Amount that has been added to the
principal amount of this Term Note shall be deducted from the Principal Amount.
 1. USE OF PROCEEDS. The proceeds of the
loan made pursuant to this Term Note shall be used by Maker solely for working capital purposes. 
 2. OPTIONAL REDEMPTION IN
CASH. The Maker may prepay this Term Note (“Optional Redemption”) by paying to the Payee a sum of money equal to the Principal Amount outstanding at such time together with accrued but unpaid interest thereon and

 
any and all other sums due, accrued or payable to the Payee arising under this Term Note (the “Redemption Amount”) outstanding on the Redemption Payment Date (as defined below).
The Maker shall deliver to the Payee a written notice of redemption (the “Notice of Redemption”) specifying the date for such Optional Redemption (the “Redemption Payment Date”), which date shall be within ten
(10) business days after the date of the Notice of Redemption (the “Redemption Period”). On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Payee. In the event the Maker fails to pay the
Redemption Amount on the Redemption Payment Date as set forth herein, then such Redemption Notice will be null and void. 
 3.
EVENT OF DEFAULT. The occurrence of any of the following events set forth in this section shall constitute an event of default (“Event of Default”) hereunder: 

a. Failure to Pay. The Maker fails to pay on demand hereunder any principal, interest or other fees hereon in
accordance with the terms herewith, or the Maker fails to pay any of the other Obligations (as defined in the Amended and Restated Master Security Agreement, dated as of July 24, 2009, by and between LV Administrative Services, Inc., as Agent
(in its capacity as administrative and/or collateral agent, the “Agent”), the Maker and PetroAlgae Inc. (“PetroAlgae”) (as further amended, restated, modified and/or supplemented from time to time, the
“Master Security Agreement”) ) when due; or 
 b. Breach of Covenant. The Maker or
PetroAlgae Inc. breaches any covenant or any other term or condition of this Term Note, the Master Security Agreement or any other Document (as defined below) to which either is party in any material respect and such breach, if subject to cure,
continues for a period of fifteen (15) days after the occurrence thereof; or 
 c. Breach of
Representations and Warranties. Any representation, warranty or statement made or furnished by the Maker or PetroAlgae in this Term Note, the Master Security Agreement or any other Document to which either is a party shall at any time be false
or misleading in any respect on the date as of which made or deemed made; or 
 d. Default Under the Master
Security Agreement. The occurrence of any default (or similar term) in the observance or performance of the Master Security Agreement or any other Document to which either is a party or condition relating to any indebtedness or contingent
obligation of the Maker or PetroAlgae; or 
 e. Bankruptcy. The Maker or PetroAlgae shall (i) apply
for, consent to or suffer to exist the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of
creditors, (iii) commence a voluntary case under the federal bankruptcy laws (as now or hereafter in effect), (iv) be adjudicated a bankrupt or insolvent, (v) file a petition seeking to take advantage of any other law providing for
the relief of debtors, (vi) acquiesce to, any petition filed against it in any involuntary case under such bankruptcy laws, or (vii) take any action for the purpose of effecting any of the foregoing. 

 f. Judgments. Attachments or levies in excess of $5,000.00 in the
aggregate are made upon the Maker’s or PetroAlgae’s assets or a judgment is rendered against the Maker’s or Guarantor’s property involving a liability of more than $5,000.00; 

g. Insolvency. The Maker or PetroAlgae shall admit in writing its inability, or be generally unable, to pay its
debts as they become due or cease operations of its present business; 
 h. Change of Control. A Change of
Control (as defined below) shall occur with respect to the Maker or PetroAlgae, unless Payee shall have expressly consented to such Change of Control in writing. A “Change of Control” shall mean any event or circumstance as a result of
which (i) any “Person” or “group” (as such terms are defined in Sections 13(d) and 14(d) of the Exchange Act, as in effect on the date hereof), other than the Payee, is or becomes the “beneficial owner” (as defined
in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of 35% or more on a fully diluted basis of the then outstanding voting equity interest of the Maker or PetroAlgae (other than a “Person” or “group”
that beneficially owns 35% or more of such outstanding voting equity interests of the Maker on the date hereof), (ii) the Board of Directors of each of the Maker and PetroAlgae shall cease to consist of a majority of the Maker’s or
PetroAlgae’s board of directors, as applicable, on the date hereof (or directors appointed by a majority of the board of directors in effect immediately prior to such appointment) or (iii) the Maker or PetroAlgae merges or consolidates
with, or sells all or substantially all of its assets to, any other person or entity; 
 i. Indictment;
Proceedings. The indictment or threatened indictment of the Maker or PetroAlgae or any executive officer of the Maker or PetroAlgae under any criminal statute, or commencement or threatened commencement of criminal or civil proceeding against
the Maker or PetroAlgae or any executive officer of the Maker or PetroAlgae pursuant to which statute or proceeding penalties or remedies sought or available include forfeiture of any of the property of the Maker or PetroAlgae; or 

j. The Master Security Agreement, Other Documents. (i) An Event of Default shall occur under and as defined in
the Master Security Agreement or any other Document, (ii) the Maker or PetroAlgae shall breach any term or provision of the Master Security Agreement or any other Document in any respect, (iii) the Maker or PetroAlgae attempts to
terminate, challenges the validity of, or its liability under, the Master Security Agreement, this Term Note or any other Document, (iv) any proceeding shall be brought to challenge the validity, binding effect of the Master Security Agreement,
this Term Note or any other Document or (v) the Master Security Agreement or any other Document ceases to be valid, binding and enforceable obligation of the Maker and/or the Guarantor, as applicable. 

4. DEFAULT INTEREST. Following the occurrence and during the continuance of an Event of Default, the Maker shall pay additional
interest on the outstanding principal balance of this Term Note in an amount equal to one percent (1%) per month, and all outstanding obligations under this Term Note, the Master Security Agreement, each other Document including unpaid
interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived. 

 5. REMEDIES. During the continuance of any Event of Default, the Payee may in
addition to its rights under any applicable law, declare immediately due and payable all or part of any obligation (including any accrued but unpaid interest thereon) under this Term Note whereupon the same shall become immediately due and payable,
without presentment, demand, protest or further notice or other requirements of any kind, all of which are hereby expressly waived by the Maker; provided, however, that, effective immediately upon the occurrence of the Events of
Default specified in Section 2(e), each obligation under this Term Note including all accrued but unpaid interest thereon shall automatically become and be due and payable, without presentment, demand, protest or further notice or other
requirement of any kind. 
 6. AUTHORITY. The Maker represents that the Maker has full power, authority and legal right
to execute and deliver this Term Note. The Maker further represents that this Term Note constitutes a valid and binding obligation of the Maker enforceable against the Maker in accordance with its terms. 

7. DEFINED TERMS. Whenever used, the singular number shall include the plural, the plural the singular, and the words
“Payee” and “Maker” shall include, respectively, their respective successors and assigns; provided, however, that the Maker shall in no event or under any circumstance have the right to assign or transfer its
obligations under this Term Note or the related documents, in whole or in part, to any other person, party or entity. 
 8.
HEADINGS, ETC. The headings and captions of the numbered paragraphs of this Term Note are for convenience of reference only and are not to be construed as defining or limiting, in any way, the scope or intent of the provisions hereof.

 9. ENFORCEABILITY. The Maker acknowledges that this Term Note and the Maker’s obligations under this Term Note
are and shall at all times continue to be absolute and unconditional in all respects, and shall at all times be valid and enforceable irrespective of any other agreements or circumstances of any nature whatsoever which might otherwise constitute a
defense to this Term Note and the obligations of the Maker under this Term Note or the obligations of any other person or party relating to this Term Note. This Term Note, all other notes issued by Maker and/or PetroAlgae to the Payee, now or in the
future, and the guarantees, security agreements, other agreements, instruments and documents executed and/or delivered in connection therewith and herewith (collectively and as the same may be amended or otherwise modified from time to time, the
“Documents” and each, a “Document”) set forth the entire agreement and understanding of the Payee and the Maker, and the Maker absolutely, unconditionally and irrevocably waives any and all right to assert any
setoff, counterclaim or crossclaim of any nature whatsoever with respect to this Term Note or the obligations of the Maker hereunder or thereunder, or the obligations of any other person or party relating hereto or thereto or to the obligations of
the Maker hereunder or thereunder or otherwise in any action or proceeding brought by the Payee to collect this Term Note, or any portion thereof, or to enforce, foreclose and realize upon the liens and security interests of the Payee in any
collateral. The Maker acknowledges that no oral or other agreements, conditions, promises, understandings, representations or warranties exist with respect to this Term Note or with respect to the obligations of the Maker under this Term Note,
except those specifically set forth in this Term Note. 

 10. WAIVER. The Maker waives presentment, demand for payment, notice of dishonor and
any or all notices or demands in connection with the delivery, acceptance, performance, default or enforcement of this Term Note and consents to any or all delays, extensions of time, renewals, release of any party to any document related to this
Term Note, and of any available security therefor, and any and all waivers or modifications that may be granted or consented to by the Payee with regard to the time of payment or with respect to any other provisions of any of the Documents, and
agrees that no such action, delay or failure to act on the part of the Payee shall be construed as a waiver by the Payee of, or otherwise affect, in whole or in part, its right to avail itself of any remedy with respect thereto. No notice to or
demand on the Maker shall be deemed to be a waiver of the obligation of the Maker or of the right of the Payee to take further action without further notice or demand as provided in any of the Documents. 

11. ASSIGNABILITY. This Term Note shall be binding upon the Maker and its successors and assigns, and shall inure to the benefit
of the Payee and its successors and assigns, and may be assigned by the Payee. The Maker may not assign any of its obligations under this Term Note without the prior written consent of the Payee, any such purported assignment without such consent
being null and void. 
 12. MAXIMUM PAYMENTS. Nothing contained herein shall be deemed to establish or require the
payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum rate permitted by such law, any payments in
excess of such maximum rate shall be credited against amounts owed by the Maker to the Payee and thus refunded to the Maker. 

13. SECURITY. LV Administrative Services, Inc., as Agent, for the benefit of the Payee, has been granted a security
interest in certain assets of the Maker and PetroAlgae, as more fully described in (i) the Master Security Agreement and (ii) the Equity Pledge Agreement, dated as of July 24, 2009 by the Guarantor in favor of Agent for the benefit of
Payee. 
 14. AMENDMENTS. This Term Note may not be modified, amended, changed or terminated orally, except by an
agreement in writing signed by the Maker and the Payee. No waiver of any term, covenant or provision of this Term Note shall be effective unless given in writing by the Payee and, if so given by the Payee, shall only be effective in the specific
instance in which given. 
 15. GOVERNING LAW. This Term Note is and shall be deemed entered into in the State of New
York and shall be governed by and construed in accordance with the laws of the State of New York, without regard to principles of conflicts of laws. 

 IN WITNESS WHEREOF, the Maker has duly executed this Term Note the day and year first above
written. 
  

					
	PA LLC
		
	By:	 	/s/ David Szostak
		 	Name:	 	David Szostak
		 	Title:	 	CFO

 SIGNATURE PAGE TO SECURED TERM NOTE;

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