Document:

EX-4.10

 Exhibit 4.10 

BP p.l.c. 
 RULES OF THE BP
SHARE AWARD PLAN 2015 
  

					
		 	Shareholders’ Approval:	  	●  2015
			
		 	[Designated Corporate Officer’s	  	●  2015
			
		 	Adoption:]	  	
			
		 	Expiry Date:	  	●  2025

 Linklaters 
 Linklaters
LLP 
 One Silk Street 
 London EC2Y 8HQ 

Telephone (+44) 20 7456 2000 
 Facsimile (+44) 20 7456
2222 
 Ref 01/140/Graham Rowlands-Hempel 
  

 Table of Contents 

Contents 
  

							
		 		  	 	Page	  
			
	 1
	 	Definitions	  	 	1	  
			
	 2
	 	Granting Awards	  	 	3	  
			
	 3
	 	Documentation of Awards	  	 	4	  
			
	 4
	 	Limits	  	 	5	  
			
	 5
	 	Before Vesting	  	 	6	  
			
	 6
	 	Vesting	  	 	7	  
			
	 7
	 	Retention Period	  	 	9	  
			
	 8
	 	Leaving employment	  	 	11	  
			
	 9
	 	Malus and clawback	  	 	13	  
			
	 10
	 	Takeovers and other corporate events	  	 	15	  
			
	 11
	 	Changing the Plan	  	 	16	  
			
	 12
	 	General	  	 	17	  
			
	 13
	 	Sub-Plans	  	 	20	  

  
  

A18820566/0.10/02 Mar 2015 
  

i 

	1	Definitions 

 In these rules: 

“Acquiring Company” means a person who has or obtains control (within the meaning of Section 995 of the Income Tax
Act 2007) of the Company; 
 “ADS” means an American depositary share representing ordinary shares of the
Company; 
 “Award” means a conditional right to receive Shares each of which can take the form of a
Conditional Award, Restricted Shares or an Option and includes an Award which has continued during a Retention Period;  

“Award Date” means the date on which an Award is granted under rule 2.3.8; 

“Basic Salary” means annual rate of gross salary, not including bonus or other variable remuneration. It includes basic salary
from all members of the Group; 
 “Bonus Deferral Award” means an Award which is granted to a Participant in
lieu of any bonus which they might otherwise have been paid in cash and which is designated as such by the Designated Corporate Officers; 

“Business Day” means a day on which the London Stock Exchange (or, if relevant and if the Designated Corporate Officer
determines, any stock exchange nominated by the Designated Corporate Officer on which the Shares are traded) is open for the transaction of business; 

“Buy-out Award” means any Awards made to compensate for awards forfeit on recruitment; 

“Company” means BP p.l.c; 

“Conditional Award” means a conditional right to receive Shares granted under the Plan; 

“Dealing Restrictions” means restrictions imposed by statute, order, regulation or Government directive, or by the
Model Code or any code adopted by the Company based on the Model Code and for this purpose the Model Code means the Model Code on dealings in securities set out in Listing Rule 9, annex 1 (of the London Stock Exchange), as varied from time to
time; 
 “Designated Corporate Officer” means the Group Chief Executive or other appropriate Corporate Officer
authorised under BP’s System of Internal Control and associated delegations; 
 “Dividend Equivalent”
means an amount linked to dividends paid on Shares subject to the Award; 
 “Final Lapse Date” means the
latest date on which an Option will lapse set by the Designated Corporate Officer under rule 2.3.11 which will not be later than the 10th anniversary of the Award Date; 

“Grantor” means the Company or any other entity which agrees to satisfy an Award under the Plan;  

“Group” means: 
  

	 	(i)	the Company; 

  
  

A18820566/0.10/02 Mar 2015 
  

1 

	 	(ii)	its Subsidiaries from time to time; or 

  

	 	(iii)	any other company which is associated with the Company and is so designated by the Designated Corporate Officer and, for the avoidance of doubt, a company may be treated as an associated company for some purposes or in
relation to some Participants but not in relation to others; 

 “London Stock Exchange” means London
Stock Exchange plc; 
 “Market Value” means, on any date, the market value determined by the Designated
Corporate Officer in such manner as they consider reasonable (which, without limitation, may use an average price over a period ending on that date and which may be different for different purposes under the Plan); 

“Normal Vesting Date” means the date set for Vesting of an Award under rule 2.3.5; 

“Option” means a right grant under the Plan to acquire Shares on exercise;  

“Option Price” means the amount (which may be zero) payable on the exercise of an Option set by the Designated
Corporate Officer under rule 2.3.11; 
 “Participant” means a person holding an Award or their personal
representatives who have produced such evidence as the Designated Corporate Officer may reasonably require of their status; 

“Performance Condition” means any performance condition imposed under rule 2.3.4;  

“Plan” means these rules known as “The BP Share Award Plan 2015”, as changed from time to time; 

“Restricted Shares” means Shares held in the name of or for the benefit of a Participant subject to the Restricted Share
Agreement; 
 “Restricted Share Agreement” means the agreement referred to in rule 3.2; 

“Retention Period” means any period during which rule 7 will apply; 

“Retention Shares” means the Shares which are subject to a Retention Period; 

“Shares” means fully paid ordinary shares in the capital of the Company and includes ADSs where appropriate;

 “Subsidiary” means a company which is a subsidiary of the Company within the meaning of Section 1159 of
the Companies Act 2006; 
 “Takeover” means: 

 

	 	(i)	a person (or a group of persons acting in concert) obtaining control (within the meaning of Section 995 of the Income Tax Act 2007) of the Company as the result of a general offer to acquire Shares becoming wholly
unconditional; or 

  

	 	(ii)	a court sanctioning a compromise or arrangement in connection with the acquisition of Shares under Section 895 of the Companies Act 2006 or equivalent procedure under local legislation; or 

 

	 	(iii)	a person (or a group of persons acting in concert) obtaining control (within the meaning of Section 995 of the Income Tax Act 2007) of the Company in any other way. 

  
  

A18820566/0.10/02 Mar 2015 
  

2 

 “Vesting” means, subject to the rules and any Retention Period:

  

	 	(i)	in relation to an Option, an Option becoming exercisable; 

  

	 	(ii)	in relation to a Conditional Award, a Participant becoming entitled to have the Shares issued or transferred to them; and 

  

	 	(iii)	in relation to Restricted Shares, the restrictions set out in the Restricted Share Agreement ceasing to have effect as described in rule 6.2.3; 

and “Vesting” shall include the term “Vest” and “Vested”. 

 

	2	Granting Awards 

  

	2.1	Eligibility 

 The Grantor may grant an Award to any employee of any member of the Group
selected by it, but an Award may not be granted to a director of the Company. 
  

	2.2	Timing of Awards 

 Awards may only be granted within 42 days starting on any of the
following: 
  

	 	2.2.1	the date of shareholder approval of the Plan; 

  

	 	2.2.2	the day after the announcement of the Company’s results for any period; 

  

	 	2.2.3	the date of the Company’s annual general meeting; 

  

	 	2.2.4	any day on which the Designated Corporate Officer resolves that exceptional circumstances exist which justify the grant of Awards; 

  

	 	2.2.5	any day on which changes to the legislation or regulations affecting share plans are announced, effected or made; or 

  

	 	2.2.6	if the granting of Awards during any period specified above is prevented by any Dealing Restrictions, the date on which it is no longer prevented. 

No Awards may be granted after the 10th anniversary of the date on which the Plan was approved by the Company in a general meeting or such
earlier date as the Designated Corporate Officer may specify. 
  

	2.3	Terms set at grant 

 When granting an Award the Designated Corporate Officer may set the
following terms: 
  

	 	2.3.1	whether the Award is over Shares or ADSs; 

  

	 	2.3.2	whether the Award will take the form of: 

  

	 	(i)	a Conditional Award; 

  

	 	(ii)	an Option; 

  

	 	(iii)	Restricted Shares, 

 or a combination of these; 

 

	 	2.3.3	subject to rule 4.1, the number of Shares subject to the Award; 

  

	 	2.3.4	the terms of any Performance Condition; 

  
  

A18820566/0.10/02 Mar 2015 
  

3 

	 	2.3.5	the Normal Vesting Date, or Dates if there is more than one in respect of an Award, and if relevant, the extent to which the Award will be capable of Vesting on each Normal Vesting Date (unless specified in any
Performance Condition); 

  

	 	2.3.6	whether or not a Retention Period will apply and if so, when it will normally end and how the number of Retention Shares will be determined; 

 

	 	2.3.7	whether or not the Award carries a Dividend Equivalent (see rule 6.3) and, if so, the basis on which it will be calculated; 

  

	 	2.3.8	the Award Date; 

  

	 	2.3.9	 whether the Award is a Bonus Deferral Award; 

  

	 	2.3.10	 whether the Award will be cash settled as described in rule 6.4; and 

  

	 	2.3.11	in the case of an Option, the Option Price and the Final Lapse Date; 

  

	2.4	Performance Conditions 

 The Designated Corporate Officer may decide that Vesting of an
Award will be conditional on the satisfaction of one or more conditions set by the Designated Corporate Officer on grant. The Performance Conditions may be linked to the performance of the Company, the Participant and/or any member of the Group or
any other matter and may provide that the Award will lapse to the extent that they are not satisfied. Performance Conditions will normally be tested over at least three financial years of the Company. 

The Designated Corporate Officer may change a Performance Condition if anything happens which causes the Designated Corporate Officer to
consider it appropriate to do so. 
  

	2.5	No payment for Awards 

 A Participant is not required to pay for the grant of an Award.

  

	3	Documentation of Awards 

  

	3.1	Awards other than Restricted Shares 

 An Award (other than an Award of Restricted Shares)
will be granted by deed or by resolution if determined by the Designated Corporate Officer and the Participant will be notified of the grant of the Award and the terms set under rule 2.3. 

 

	3.2	Restricted Shares 

 Where an Award takes the form of Restricted Shares, the Participant
must (if required by the Designated Corporate Officer) enter into: 
  

	 	3.2.1	an agreement with the Grantor, that to the extent that the Award lapses under the Plan, the Shares are forfeited and they will immediately transfer their interest in them, for no consideration or nominal consideration,
to any person (which may include the Company, where permitted) specified by the Grantor; 

  

	 	3.2.2	any tax elections required by the Designated Corporate Officer; 

  
  

A18820566/0.10/02 Mar 2015 
  

4 

	 	3.2.3	any other documentation which the Designated Corporate Officer considers necessary or desirable to give effect to the terms of the Award, including a power of attorney or blank stock transfer form. 

if they do not do so within a period specified by the Designated Corporate Officer, the Award will lapse at the end of that period. 

On or after the grant of an Award of Restricted Shares, the Grantor will procure that the relevant number of Shares is issued or transferred to
the Participant or to another person to be held for the benefit of the Participant under the terms of the Plan. The share certificates or other documents of title relating to any Restricted Shares may be retained by the Grantor. 

 

	4	Limits 

  

	4.1	Individual limit 

 An Award must not be granted to a person if it would, at the proposed
Award Date, cause the Market Value of Shares subject to Awards (as at the relevant Award Date) that they have been granted in respect of that financial year to exceed 550% of their Basic Salary. 

The following will be excluded from this limit: 
  

	 	4.1.1	Shares which may be acquired under any Dividend Equivalent; 

  

	 	4.1.2	Bonus Deferral Awards; and 

  

	 	4.1.3	Buy-out Awards. 

  

	4.2	Plan limits—10 per cent 

 An Award must not be granted if the number of Shares
committed to be issued under that Award exceeds 10 per cent of the ordinary share capital of the Company in issue immediately before that day, when added to the number of Shares which have been issued, or committed to be issued, to satisfy
Awards under the Plan, or options or awards under any other employee share plan operated by the Company, granted in the previous 10 years. 
  

	4.3	Plan limits—5 per cent 

 An Award must not be granted if the number of Shares
committed to be issued under that Award exceeds 5 per cent of the ordinary share capital of the Company in issue immediately before that day, when added to the number of Shares which have been issued, or committed to be issued, to satisfy
Awards under the Plan, or options or awards under any other discretionary employee share plan adopted by the Company, granted in the previous 10 years. 
  

	4.4	Scope of Plan limits 

 When calculating the limits in rules 4.2 and 4.3, Shares will be
ignored: 
  

	 	4.4.1	where the right to acquire them is released or lapses; 

  

	 	4.4.2	which are committed to be issued under any Dividend Equivalent. 

  
  

A18820566/0.10/02 Mar 2015 
  

5 

 As long as so required by The Investment Association, shares transferred from treasury to satisfy
Awards are counted as part of the ordinary share capital of the Company, and as shares issued by the Company. 
  

	4.5	Awards in breach of limits 

 If the Grantor tries to grant an Award which is inconsistent
with this rule 4, the Award will be limited and will take effect from the Award Date on a basis consistent with this rule. 
  

	5	Before Vesting 

  

	5.1	Voting and dividends 

  

	 	5.1.1	A Participant is not entitled to vote, to receive dividends or to have any other rights of a shareholder in respect of Shares subject to an Option or a Conditional Award until the Shares are issued or transferred to the
Participant. 

  

	 	5.1.2	Except to the extent specified in the Restricted Share Agreement, a Participant will have all rights of a shareholder in respect of Restricted Shares until the Award lapses. 

 

	5.2	Transfer 

 Unless agreed by the Corporate Designated Officer, a Participant may not
transfer, assign or otherwise dispose of an Award or any rights in respect of it. If they do, whether voluntarily or involuntarily, then that Award will immediately lapse. This rule 5.2 does not apply to the transmission of an Award on the death of
a Participant to his personal representatives. 
  

	5.3	Adjustment of Awards 

  

	 	5.3.1	If there is: 

  

	 	(i)	a variation in the equity share capital of the Company, including a capitalisation or rights issue, sub-division, consolidation or reduction of share capital; 

 

	 	(ii)	a demerger (in whatever form) or exempt distribution by virtue of Section 1075 of the Corporation Tax Act 2010; 

  

	 	(iii)	a special dividend or distribution, or 

  

	 	(iv)	any other corporate event which might affect the current or future value of any Award, 

 the
Designated Corporate Officer may adjust the number or class of Shares or securities subject to the Award and, in the case of an Option, the Option Price. 
  

	 	5.3.2	Subject to the Restricted Share Agreement, a Participant will have the same rights as any other shareholders in respect of Restricted Shares where rule 5.3.1 applies. Any shares, securities or rights allotted to a
Participant as a result of such an event will be: 

  

	 	(i)	treated as if they were awarded to the Participant under the Plan in the same way and at the same time as the Restricted Shares in respect of which the rights were conferred; and 

  
  

A18820566/0.10/02 Mar 2015 
  

6 

	 	(ii)	subject to the rules of the Plan and the terms of the Restricted Share Agreement. 

  

	6	Vesting 

  

	6.1	Timing and extent of Vesting 

 Subject to the rest of these rules, an Award will Vest on
the later of the following: 
  

	 	6.1.1	the Normal Vesting Date; 

  

	 	6.1.2	the date on which the Designated Corporate Officer determines the extent to which any Performance Condition or any other conditions are satisfied (which they will do as soon as reasonably practicable after the end of
the period over which they are tested); 

 or on any other date on which the Award Vests under these rules. For the avoidance
of doubt where there is more than one Normal Vesting Date in respect of an Award then the Award will only be capable of Vesting to the extent stated on grant under rule 2.3.5 on each Normal Vesting Date. 

 

	6.2	Consequences of Vesting 

  

	 	6.2.1	If an Award takes the form of a Conditional Award, as soon as reasonably practicable after Vesting, the Grantor will arrange (subject to the rest of this rule 6 and rules 7, 9 and 12) for the issue or transfer to, or to
the order of, the Participant, of the number of Shares in respect of which the Award has Vested. 

  

	 	6.2.2	A Participant can only exercise an Option to the extent it has Vested. To exercise it, the Participant must give notice in any prescribed form to the Grantor and pay any Option Price or make arrangements satisfactory to
the Grantor for its payment. Subject to the rest of this rule 6 and rules 7, 9 and 12, the Grantor will arrange for Shares to be issued or transferred to the Participant within 30 days of the date on which the Option is exercised. Notwithstanding
anything else in these rules, an Option will always lapse on the Final Lapse Date if it does not lapse earlier under these rules. 

  

	 	6.2.3	To the extent an Award of Restricted Shares Vests, the restrictions referred to in rule 3 and contained in the Restricted Share Agreement will cease to apply. 

 

	6.3	Dividend Equivalent 

 If an Award carries a Dividend Equivalent, the Participant will be
entitled to an amount equal to the dividends paid on the number of Shares in respect of which the Award Vests from the Award Date to the date of Vesting (rounded down to the nearest whole Share). The Dividend Equivalent may be determined on the
basis that any dividend is notionally reinvested in further Shares from the date of payment. 
 The Dividend Equivalent will be paid in cash
or additional Shares as determined by the Designated Corporate Officer. 
 In the case of an Option, the Designated Corporate Officer may
decide, when the Option is granted, that the Dividend Equivalent: 
  

	 	6.3.1	will relate to dividends from the Award Date to the date of Vesting and 

  
  

A18820566/0.10/02 Mar 2015 
  

7 

	 	(i)	will be added to the number of Shares in respect of which the Award Vests; and/or 

  

	 	(ii)	will be paid on exercise instead of Vesting; and/or 

  

	 	6.3.2	will relate to dividends from the Award Date to the date of exercise instead of the date of Vesting; and/or 

  

	 	6.3.3	will be paid in respect of the number of Shares in respect of which the Option is exercised. 

  

	6.4	Cash and share alternative 

 The Grantor may satisfy an Option or Conditional Award by
paying the Participant an amount in cash equal to the Market Value of the number of Shares in respect of which the Award Vests or is exercised. In the case of an Option, the Option Price can be deducted from the amount of cash and the Participant
need not pay it. 
 An Award may be granted on the basis that it will always be satisfied in this way. 

Where a Participant becomes entitled to a cash payment under these rules, the Grantor can satisfy that entitlement by issuing or transferring a
number of Shares which have a Market Value on the date of entitlement equal to the amount of cash. 
  

	6.5	Delay in Vesting or issue or transfer of Shares 

 If Vesting or the issue or transfer of
Shares in satisfaction of an Award is prevented by any Dealing Restriction, the period for Vesting, issue or transfer will be delayed for that Award until the Dealing Restriction no longer applies. 

 

	6.6	Automatic exercise of Options 

  

	 	6.6.1	To the extent that: 

  

	 	(i)	an Option is exercisable but has not been exercised by the close of the Business Day before the date on which it would lapse but for this rule 6.6; and 

 

	 	(ii)	it is in the money on that day, 

 the Company will, unless the Designated Corporate Officer
decides otherwise, treat it as having been exercised on that day. 
  

	 	6.6.2	The Company will, subject to any decision made under rule 6.6.4 arrange for sufficient of the Shares resulting from the exercise to be sold on behalf of the Participant to raise an amount (after costs of sale) equal to
the Option Price and any tax or social security required to be withheld under rule 12.2. The remaining Shares subject to the Option will be issued or transferred as set out in rule 6.2.2. 

 

	 	6.6.3	An Option is ‘in the money’ on any day, if the Designated Corporate Officer estimate that, if all the Shares resulting from exercise were sold on that day, the sale proceeds (after making a reasonable
allowance for any costs of sale) would be more than the Option Price. 

  

	 	6.6.4	The Participant may give notice, at any time before the day referred to in rule 6.6.1, requesting that this rule 6.6 not apply to the Option. 

  
  

A18820566/0.10/02 Mar 2015 
  

8 

	 	6.6.5	For the avoidance of doubt, this rule 6.6 will not apply to the extent that the Option lapses by virtue of the Participant leaving employment or under rule 8.8 (but will apply if at the end of the period for exercise
following leaving employment). No member of the Group will be liable for any loss incurred by the Participant as a result of the application or failure to apply this rule 6.6. 

 

	7	Retention Period 

 This rule 7 applies if the Designated Corporate Officer determines
under rule 2.3 that an Award is subject to a Retention Period. 
  

	7.1	How the Retention Period will apply to an Award 

  

	 	7.1.1	Before the Award Vests, the Designated Corporate Officer will determine whether: 

  

	 	(i)	the Award will continue in respect of the Retention Shares through the Retention Period (subject to this rule 7); or 

  

	 	(ii)	the Retention Shares will be issued or transferred into the beneficial ownership of the Participant (“Owned Shares”) and held in accordance with this rule 7. 

 

	 	7.1.2	Where the Designated Corporate Officer determines that the Award will continue through the Retention Period, they shall calculate the number of Shares which Vest in accordance with rule 6.1 but the Retention Shares will
only be issued or transferred or cash paid under rule 6.2 at the end of the Retention Period and subject to this rule 7. 

  

	 	7.1.3	Where the Designated Corporate Officer has determined that Owned Shares will be issued or transferred to the Participant, they will calculate the number of Shares which Vest in accordance with rule 6.1 and will issue or
transfer the beneficial ownership of the Retention Shares (if not already held in respect of an Award of Restricted Shares), for no consideration, to any person specified by the Designated Corporate Officer to be held during the Retention Period
under this rule 7. 

  

	 	7.1.4	Where the Award is an Option and the Designated Corporate Officer has determined that it will continue during the Retention Period, the Option will become exercisable as described in rule 6.2 and any Retention Shares
acquired on the exercise of the Option during the Retention Period (less any tax paid) will continue to be held as Owned Shares. 

  

	7.2	Tax 

 Where tax is payable at the start of the Retention Period then rule 12.2 (Tax) will
apply and Shares may be sold or the number of Shares under Award reduced under that rule. To the extent they are, the Retention Period will apply in respect of the remainder of the Shares. 

 

	7.3	Rights during the Retention Period 

  

	 	7.3.1	The following additional provisions will apply to Owned Shares during the Retention Period: 

  

	 	(i)	The Participant will be entitled to vote and to receive dividends and have all other rights of a shareholder in respect of the Owned Shares from the date the Participant becomes the beneficial owner. 

  
  

A18820566/0.10/02 Mar 2015 
  

9 

	 	(ii)	The Participant may not transfer, assign or otherwise dispose of the Owned Shares or any interest in them (or instruct anyone to do so) except in the case of: 

 

	 	(a)	the sale of sufficient entitlements nil-paid in relation to a Share to take up the balance of the entitlements under a rights issue or similar transaction; or 

 

	 	(b)	to fund any tax in accordance with rule 7.2. 

  

	 	(iii)	Any securities which the Participant receives in respect of Owned Shares as a result of an event described in rule 5.3 during the Retention Period will, unless the Designated Corporate Officer decides otherwise, be
subject to the same restrictions as the corresponding Owned Shares. This will not apply to any Shares which a Participant acquires on a rights issue or similar transaction to the extent that they exceed the number he would have acquired on a sale of
sufficient rights under the rights issued nil-paid to take up the balance of the rights. 

  

	 	7.3.2	The following provisions will apply during the Retention Period where an Award continues through the Retention Period: 

  

	 	(i)	Except as required under rule 7.2 (tax), the Participant will have no rights in respect of the Retention Shares until the Shares are acquired at the end of the Retention Period. 

 

	 	(ii)	The Participant may not transfer, assign or otherwise dispose of the Retention Shares subject to any Award or any interest in them. 

  

	 	(iii)	If the Award carried a Dividend Equivalent, rule 6.3 will apply from the Award Date until the end of the Retention Period. 

  

	7.4	Leaving employment and the Retention Period 

  

	 	7.4.1	If the Participant leaves employment during the Retention Period rule 8.1 will not apply unless the Designated Corporate Officer decides otherwise. 

 

	 	7.4.2	If a Participant leaves employment before the start of the Retention Period and the Award does not lapse, the Designated Corporate Officer may decide that the Retention Period will not apply. 

 

	7.5	Forfeiture of Owned Shares 

 To the extent that Owned Shares are forfeited under rule 9,
the Participant is deemed to consent to the immediate transfer of their beneficial ownership of the Shares, for no consideration or nominal consideration, to any person (which may include the Company, where permitted) specified by the Designated
Corporate Officer. 
  

	7.6	End of the Retention Period 

  

	 	7.6.1	The Retention Period will end on the earliest of the following: 

  

	 	(i)	the date on which the Retention Period will normally end, as set by the Designated Corporate Officer in relation to the Award under rule 2.3; 

  
  

A18820566/0.10/02 Mar 2015 
  

10 

	 	(ii)	the date on which the Designated Corporate Officer decides that the number of Retention Shares is sufficiently small that the continuation of the Retention Period is not warranted; 

 

	 	(iii)	the date on which the Participant dies; and 

  

	 	(iv)	the date on which a Takeover or other transaction by virtue of which rule 10.1 applies, unless the Award is exchanged. 

  

	 	7.6.2	At the end of a Retention Period, the restrictions relating to Owned Shares in rule 7.3.1 will cease to apply and the Shares will be transferred to the Participant or as they may direct. 

 

	 	7.6.3	At the end of a Retention Period, rule 6 will apply and the Shares will be issued or transferred or cash paid to the Participant. 

  

	8	Leaving employment 

  

	8.1	General rule 

 Subject to rule 8.5, an Award will lapse if the Participant leaves
employment before the Award Vests. 
  

	8.2	Exceptions 

 If a Participant leaves employment before the Award Vests: 

 

	 	8.2.1	for one of the reasons set out below; or 

  

	 	8.2.2	in any other circumstances if the Designated Corporate Officer so decides, 

 their Award will
not lapse but will continue in effect and the Award will Vest (if at all) to the extent any Performance Condition is satisfied on the date of Vesting. Unless the Designated Corporate Officer decides otherwise, the number of Shares in respect of
which it Vests will also be reduced on a pro-rata basis to reflect the fact that they left early. 
 The reasons are: 

 

	 	8.2.3	ill-health, injury or disability, as established to the satisfaction of the Company; 

  

	 	8.2.4	retirement with the agreement of the Participant’s employer; 

  

	 	8.2.5	the Participant’s employing company ceasing to be a member of the Group; 

  

	 	8.2.6	a transfer of the undertaking, or the part of the undertaking, in which the Participant works to a person which is neither a member of the Group; or 

 

	 	8.2.7	redundancy within the meaning of the Employment Rights Act 1996 in circumstances where a redundancy payment is payable. 

  

	8.3	Death 

  

	 	8.3.1	If a Participant dies, their Award will Vest, to the extent described in rule 8.2 on the date of death. 

  

	 	8.3.2	If the Award is subject to a Performance Condition, rule 8.4.3 will apply or the Designated Corporate Officer may decide to waive the Performance Condition. 

  
  

A18820566/0.10/02 Mar 2015 
  

11 

	 	8.3.3	If the Award is an Option, it will be exercisable for two years from the date of death, after which it will lapse. 

  

	8.4	Early Vesting 

  

	 	8.4.1	If rule 8.2 applies, the Designated Corporate Officer may decide that the Participant’s Award will Vest, to the extent described in that rule, on the date of leaving or a later date determined by that Designated
Corporate Officer. 

  

	 	8.4.2	If the Award is an Option, it will be exercisable for six months (or such longer period as the Designated Corporate Officer may allow) from the date of leaving, after which it will lapse. 

 

	 	8.4.3	If the Award is subject to a Performance Condition, the Designated Corporate Officer will determine the extent to which it is satisfied on the date of Vesting in accordance with its terms or, if not specified in those
terms, he or she will estimate the extent to which it would be satisfied in such manner as he or she considers reasonable. 

  

	8.5	Bonus Deferral Awards and Buy-out Awards 

 The Designated Corporate Officer may decide
that rule 8.1 will not apply to Bonus Deferral Awards or Buy-out Awards or will apply subject to such modifications as may be determined at grant. 
  

	8.6	Period for exercise of Options 

 After the Participant has left employment, an Option
will lapse six months (or such other period as the Designated Corporate Officer may allow) from the latest of: 
 8.6.1 the date on
which he left; 
 8.6.2 the date on which the Option Vests under rule 8; and 

8.6.3 the end of any applicable Retention Period. 
  

	8.7	General 

  

	 	8.7.1	A Participant will only be treated as ‘leaving employment’ when he is no longer an employee of any member of the Group and will not be treated as leaving employment if he commences employment with a member of
the Group within seven days of leaving. 

  

	 	8.7.2	The Designated Corporate Officer may decide that a Participant will be treated as leaving employment on the date he gives or is given notice terminating his office or employment. 

 

	 	8.7.3	The Designated Corporate Officer may exercise any discretion under this rule 8 differently in relation to different Awards held by the same Participant. 

 

	8.8	Transfer 

 If a Participant has not left employment but is transferred to work in another
country or changes tax resident status and, as a result they would: 
  

	 	8.8.1	suffer a tax disadvantage in relation to their Award (this being shown to the satisfaction of the Designated Corporate Officer); or 

  
  

A18820566/0.10/02 Mar 2015 
  

12 

	 	8.8.2	become subject to restrictions on his ability to hold or deal in the Shares or the proceeds of the sale of the Shares acquired on Vesting or exercise because of the securities laws or exchange control laws of the
country to which he is transferred, 

 then the Designated Corporate Office may decide that the Award will Vest on a date they
choose before or after the transfer takes effect. The Award will Vest to the extent they permit and will lapse as to the balance. 
  

	8.9	Career Breaks 

  

	 	8.9.1	If a Participant is on a career break on the date that their Awards would ordinarily Vest under the Plan, then unless the Designated Corporate Officer determines otherwise in any particular case, the Awards will Vest in
accordance with these rules (but subject to any Retention Period) as soon as practicable after it has been determined that the Participant has returned to normal employment at the end of the career break and has continued to be in their normal
employment for a period of three months from the date of return, and in that period has not given or received notice of termination of employment. For the purposes of this rule, career break means an extended period of unpaid leave from normal work,
without ceasing to be an employee of any member of the Group with the agreement of the Company which is designated by the Designated Corporate Officer as a career break for the purposes of these rules. 

 

	 	8.9.2	Unless any of the reasons set out in rules 8.2, 8.3 or 10 apply, if the Participant ceases to be an employee or director of any member of the Group before having returned to normal employment at the end of the career
break or during the three month period referred to in rule 8.9.1, then the Awards will lapse on cessation of employment. If any of the reasons set out in rules 8.2 or 8.3 do apply, the Awards will Vest in accordance with these rules (but subject to
any Retention Period) as soon as practicable after cessation of employment. If any of the reasons set out in rule 10 apply, Awards will Vest in accordance with that rule. 

 

	9	Malus and clawback 

  

	9.1	Application of malus and clawback 

 Notwithstanding any other rules of the Plan the
Designated Corporate Officer may decide that malus will apply if the Designated Corporate Officer has determined that one or more of the following circumstances below have arisen and, in the case of clawback, if the circumstance described in rules
9.1.1 , 9.1.4 or 9.1.5) have arisen. 
 The circumstances are: 
  

	 	9.1.1	The Participant has engaged in conduct (including, but not limited to, a violation of the BP Code of Conduct) which the Designated Corporate Officer considers was contrary to the legitimate expectations of the Company
for an employee in the Participant’s position (or the position occupied by the Participant before he left the Group). 

  

	 	9.1.2	Results announced for any period have been restated or subsequently appeared materially financially inaccurate or misleading as determined by the Designated Corporate Officer. 

  
  

A18820566/0.10/02 Mar 2015 
  

13 

	 	9.1.3	A business unit or profit centre in which the Participant worked has made a material financial loss as a result of circumstances that could reasonably have been risk-managed and which leads to or is likely to create
reputational damage to the Group. 

  

	 	9.1.4	Any team, business area, member of the Group or profit centre in which the Participant works has been the subject of any regulatory investigation or has been in breach of any laws, rules or codes of conduct applicable
to it or the standards reasonably expected of it. 

  

	 	9.1.5	The Designated Corporate Officer determines that material reputational damage has been caused to the Group or any Member of the Group for which the Participant is responsible or accountable and which could have been
reasonably avoided or mitigated. 

  

	 	9.1.6	Any other event as a result of which the Directors consider that the application of this rule is appropriate. 

  

	9.2	Malus 

 Where the Designated Corporate Officer decides that malus will apply to a
Participant: 
  

	 	9.2.1	the Award will lapse or, in the case of Owned Shares, will be forfeited, wholly or in part as they may determine; and/or 

  

	 	9.2.2	the Restricted Period or any Holding Period for any Award will be extended by such period as he may determine; and/or 

  

	 	9.2.3	if the Award has already Vested but Shares have not yet been Released (because of, for example, any Dealing Restrictions), a reduced number of Shares as determined by the Designated Corporate Officer will be Released to
the Participant. 

  

	9.3	Clawback 

 Where the Designated Corporate Officer decides that clawback will apply to a
Participant then the Participant must transfer to or to the order of the Company, for no consideration, a number of Shares equal (or as may be required less than) those which they acquired pursuant to any Award or pay to or to the order of the
Company an amount equal to the market value of such Shares. 
  

	9.4	General 

  

	 	9.4.1	For the avoidance of doubt, circumstances described in rule 9.1 can arise even if the Participant was not responsible for the event in question or if it happened before or after the Vesting or grant of the Award.

  

	 	9.4.2	Malus and/or clawback may be applied differently for different Participants or for different Awards held by the same Participant in relation to the same event. 

 

	 	9.4.3	The Designated Corporate Officer will notify the Participant of any application of malus or clawback. 

  

	 	9.4.4	Without limiting rule 12.1, the Participant will not be entitled to any compensation in respect of any application of malus or clawback. 

  
  

A18820566/0.10/02 Mar 2015 
  

14 

	9.5	Joining a Competitor Organisation 

 Where a Participant has ceased to be an employee but
has retained their Award as a consequence of rule 8.2 the Designated Corporate Officer retains the right to lapse their Award or forfeit their Retention Shares if, prior to acquiring the Shares, the Participant joins a Competitor Organisation of any
member of the Group within 12 months of ceasing to be an employee. The Designated Corporate Officer will have the sole discretion to determine the definition of “Competitor Organisation. 

 

	10	Takeovers and other corporate events 

  

	10.1	Takeovers 

  

	 	10.1.1	 Unless exchanged under rule 10.3, all Awards will Vest on a Takeover to the extent described in rule 10.2. 

  

	 	10.1.2	 If the Company is or may be affected by: 

  

	 	(i)	any demerger, delisting, distribution (other than an ordinary dividend) or other transaction which, in the opinion of the Designated Corporate Officer, might affect the current or future value of any Award, or

  

	 	(ii)	any reverse takeover (not within rule 10.1.1), merger by way of a dual listed company or other significant corporate event, as determined by the Designated Corporate Officer, 

the Designated Corporate Officer may allow an Award to Vest to the extent specified in rule 10.2. 

 

	10.2	Extent of Vesting 

 Where rule 10.1 applies, an Award will Vest to the extent that any
Performance Condition has been met to the date of Vesting. 
 Unless the Designated Corporate Officer decides otherwise, the number of Shares
in respect of which the Award Vests will be reduced on a pro-rata basis to reflect the fact that it is Vesting early. 
  

	10.3	Exchange of Awards 

 An Award will not Vest under rule 10.1.1 but will be exchanged to
the extent that: 
  

	 	10.3.1	 an offer to exchange the Award is made and accepted by a Participant; or 

  

	 	10.3.2	 the Designated Corporate Officer, with the consent of the Acquiring Company, decides before the Takeover that the Award will be automatically exchanged. 

Where an Award is exchanged, the Participant will be granted a new award in exchange for an existing Award. The new Award: 

 

	 	10.3.3	 must confer a right to acquire shares in the Acquiring Company or another body corporate determined by the Acquiring Company; 

  

	 	10.3.4	 must be equivalent to the existing Award, subject to rule 10.3.6; 

  

	 	10.3.5	 will be treated as having been acquired at the same time as the existing Award and, subject to rule 10.3.6, will Vest in the same manner and at the same time and be subject to the same Retention Period;

  
  

A18820566/0.10/02 Mar 2015 
  

15 

	 	10.3.6	must: 

  

	 	(i)	be subject to a Performance Condition which is, so far as possible, equivalent to any Performance Condition applying to the existing Award; or 

 

	 	(ii)	not be subject to any Performance Condition but be in respect of the number of shares which is equivalent to the number of Shares comprised in the existing Award which would have Vested under rule 10.2

  

	 	10.3.7	subject to these rules, will Vest as described in rule 6; 

  

	 	10.3.8	will be subject to such other terms as the Designated Corporate Officer considers appropriate in all the circumstances; and 

  

	 	10.3.9	will be governed by the Plan, excluding rule 11.2, as if references to Shares were references to the shares over which the new award is granted and references to the Company were references to the Acquiring Company or
the body corporate determined under rule 10.3.3 above. 

  

	10.4	Effect on Options 

 Where Awards Vest under rule 10.1, Options will lapse (unless
exchanged), two months after the date of the event by virtue of which that rule applies. 
  

	11	Changing the Plan 

  

	11.1	Designated Corporate Officer’s powers 

 Except as described in the rest of this rule
11, the Designated Corporate Officer may at any time change the Plan, including the terms of any Award already granted, in any way. 
  

	11.2	Shareholder approval 

  

	 	11.2.1	Except as described in rule 11.2.2, the Company in a general meeting must approve in advance by ordinary resolution any proposed change to the Plan to the advantage of present or future Participants, which relates to:

  

	 	(i)	eligibility; 

  

	 	(ii)	the limits on the number of Shares which may be issued under the Plan; 

  

	 	(iii)	the individual limit for each Participant under the Plan; 

  

	 	(iv)	the basis for determining a Participant’s entitlement to, and the terms of, securities, cash or other benefit to be provided and for the adjustment thereof (if any) if there is a capitalisation issue, rights issue
or open offer, sub-division or consolidation of shares or reduction of capital or any other variation of capital; or 

  

	 	(v)	the terms of this rule 11.2.1. 

  

	 	11.2.2	The Designated Corporate Officer can change the Plan and need not obtain the approval of the Company in general meeting for any changes to a Performance Condition in accordance with rule 2.4 or for minor changes:

  

	 	(i)	to benefit the administration of the Plan; 

  
  

A18820566/0.10/02 Mar 2015 
  

16 

	 	(ii)	to comply with or take account of the provisions of any proposed or existing legislation; 

  

	 	(iii)	to take account of any changes to legislation; or 

  

	 	(iv)	to obtain or maintain favourable tax, exchange control or regulatory treatment of the Company, any Subsidiary or any present or future Participant. 

 

	11.3	Notice 

 The Designated Corporate Officer is not required to give Participants notice of
any changes. 
  

	12	General 

  

	12.1	Terms of employment 

  

	 	12.1.1	This rule 12.1 applies during an employee’s employment and after the termination of an employee’s employment, whether or not the termination is lawful. 

 

	 	12.1.2	Nothing in the rules or the operation of the Plan forms part of the contract of employment of an employee. The rights and obligations arising from the employment relationship between the employee and his employer are
separate from, and are not affected by, the Plan. Participation in the Plan does not create any right to, or expectation of, continued employment. 

  

	 	12.1.3	No employee has a right to participate in the Plan. Participation in the Plan or the grant of Awards on a particular basis in any year does not create any right to or expectation of participation in the Plan or the
grant of Awards on the same basis, or at all, in any future year. 

  

	 	12.1.4	The terms of the Plan do not entitle the employee to the exercise of any discretion in his favour. 

  

	 	12.1.5	The employee will have no claim or right of action in respect of any decision, omission or discretion, which may operate to the disadvantage of the employee (including, without limitation, any action taken under rule 9
even if it is unreasonable, irrational or might otherwise be regarded as being in breach of the duty of trust and confidence (and/or any other implied duty) between the employee and his employer. 

 

	 	12.1.6	No employee has any right to compensation for any loss in relation to the Plan, including any loss in relation to: 

  

	 	(i)	any loss or reduction of rights or expectations under the Plan in any circumstances (including lawful or unlawful termination of employment); 

 

	 	(ii)	any exercise of a discretion or a decision taken in relation to an Award or to the Plan, or any failure to exercise a discretion or take a decision; 

 

	 	(iii)	the operation, suspension, termination or amendment of the Plan. 

  

	 	12.1.7	Any duty or term implied by law which would affect the interpretation or operation of the Plan or any Award is expressly overridden. 

  
  

A18820566/0.10/02 Mar 2015 
  

17 

	 	12.1.8	Employee shall for the purposes of this rule mean any employee of a member of the Group. 

  

	12.2	Tax 

 The Participant will be responsible for all taxes, social security contributions
and other liabilities arising out of or in connection with an Award or the acquisition, holding or disposal of Shares or any interest in them or any changes in the rights or restrictions attached to them. If the Grantor, any member of the Group or
the trustee of any employee benefit trust has any liability to pay or account for any such tax or contribution, it may meet the liability by: 
  

	 	12.2.1	selling Shares to which the Participant becomes entitled on his behalf and using the proceeds to meet the liability; 

  

	 	12.2.2	deducting the amount of the liability from any cash payment due under the Plan; 

  

	 	12.2.3	reducing the number of Shares to which the Participant would otherwise be entitled; and/or 

  

	 	12.2.4	deducting the amount from any payment of salary, bonus or other payment due to the Participant. 

The Participant will enter into any elections required by the Designated Corporate Officer, including elections under Part 7 of the Income Tax
(Earnings and Pensions) Act 2003 and/or elections to transfer any liability, or agreements to pay social security contributions. 
  

	12.3	Designated Corporate Officer’s decision final and binding 

 The decision of the
Designated Corporate Officer on the interpretation of the Plan or in any dispute relating to an Award granted or matter relating to the Plan will be final and conclusive. 
  

	12.4	Documents sent to shareholders 

 The Company is not required to send to Participants
copies of any documents or notices normally sent to the holders of its Shares. 
  

	12.5	Costs 

 The Company will pay the costs of introducing and administering the Plan. The
Company may ask a Participant’s employer or any other member of the Group to bear the costs in respect of an Award to that Participant. 
  

	12.6	Data protection 

 By participating in the Plan the Participant consents to the holding
and processing of personal information provided by the Participant to any member of the Group, trustee or third party service provider, for all purposes relating to the operation of the Plan. These include, but are not limited to: 

 

	 	12.6.1	administering and maintaining Participant records; 

  

	 	12.6.2	providing information to members of the Group, trustees of any employee benefit trust, registrars, brokers or third party administrators of the Plan; 

  
  

A18820566/0.10/02 Mar 2015 
  

18 

	 	12.6.3	providing information to future purchasers or merger partners of the Company, the Participant’s employing company, or the business in which the Participant works; 

 

	 	12.6.4	transferring information about the Participant to a country or territory that may not provide the same statutory protection for the information as the Participant’s home country. 

The Participant is entitled, on payment of a fee, to a copy of the personal information held about them. If anything is inaccurate the
Participant has the right to have it corrected. 
  

	12.7	Consents 

 All allotments, issues and transfers of Shares will be subject to any
necessary consents under any relevant enactments or regulations for the time being in force in any relevant country. The Participant is responsible for complying with any requirements he needs to fulfil in order to obtain or avoid the necessity for
any such consent. 
  

	12.8	Share rights 

 Shares issued to satisfy Awards under the Plan will rank equally in all
respects with the Shares in issue on the date of allotment. They will not rank for any rights attaching to Shares by reference to a record date preceding the date of allotment. Where Shares are transferred to a Participant, including a transfer out
of treasury, the Participant will be entitled to all rights attaching to the Shares by reference to a record date on or after the transfer date. The Participant will not be entitled to rights before that date. 

 

	12.9	Listing 

 If and so long as the Shares are listed and traded on a public market, the
Company will apply for listing of any Shares issued under the Plan as soon as practicable. 
  

	12.10	Separate provisions 

 Each of the provisions of these rules is entirely separate and
independent from each of the other provisions. If any provision of any rule is found to be invalid, illegal or unenforceable, in whole or in part, in relation to an Award or a Participant, the provision shall apply to that Award or Participant with
whatever deletion or modification is necessary so that the provision is legal, valid and enforceable and gives effect to the commercial intention of the parties. 

To the extent it is not possible to delete or modify the provision, in whole or in part then such provision or part of it will be deemed, to
the extent that it is illegal, invalid or unenforceable, never to have been part of these rules in relation to that Award or that Participant and to the extent that it is possible to do so, this will not affect the validity or enforceability of any
of the remaining provisions of that or any other rule. 
  

	12.11	Notices 

  

	 	12.11.1	Any information or notice to a person who is or will be eligible to be a Participant under or in connection with the Plan may be posted, or sent by electronic means, in such manner to such address as the Company
considers appropriate, including publication on any intranet. 

  

	 	12.11.2	Any information or notice to the Company or other duly appointed agent under or in connection with the Plan may be sent by post or transmitted to it at its registered office or such other place, and by such other means,
as the Designated Corporate Officer or duly appointed agent may decide and notify to Participants. 

  
  

A18820566/0.10/02 Mar 2015 
  

19 

	 	12.11.3	Notices sent by post will be deemed to have been given on the second day after the date of posting. However, notices sent by or to a Participant who is working overseas will be deemed to have been given on the seventh
day after the date of posting. Notices sent by electronic means, in the absence of evidence to the contrary, will be deemed to have been received on the day after sending. 

 

	12.12	Governing law and jurisdiction 

 English law governs the Plan and all Awards and their
construction. The English courts have exclusive jurisdiction in respect of disputes arising under or in connection with the Plan or any Award. 
  

	13	Sub-Plans 

  

	13.1	Designation of Sub-Plans 

 The Designated Corporate Officer may designate any set of
rules as a sub-plan (“Sub-Plan”) to the Plan. The rules of a Sub-Plan may be different to those of the Plan but must not be such as would require the approval of the Company in general meeting if the Plan were amended to include them under
rule 11.2. 
  

	13.2	Scope of Sub-Plans 

 Subject to rule 13.1, the rules of a Sub-Plan can: 

 

	 	13.2.1	set out how any discretion or power given under these rules will be exercised in relation to any or all awards under the Sub-Plan; 

  

	 	13.2.2	disapply any of the rules or apply additional rules; 

  

	 	13.2.3	set out circumstances in which rule 8.2 will apply in relation to the Award which are not listed in that rule or specify circumstances which are listed in that rule but which will not apply; 

 

	13.3	Further details 

 In addition: 

 

	 	13.3.1	A Sub-Plan may have been adopted before or after this Plan. 

  

	 	13.3.2	A Sub-Plan may be a Sub-Plan in relation to awards granted under it before or after it was designated as a Sub-Plan. 

  

	 	13.3.3	Awards under a Sub-Plan will be treated as Awards for the purposes of the limits on individual and overall participation in rule 4. 

  

	 	13.3.4	If there is a conflict between the rules of the Plan and the Sub-Plan, the Sub-Plan will prevail except to the extent that it would not comply with rule 13.1. Where there is a conflict between the Plan and the Sub-Plan
in respect of Awards granted before the date of shareholder approval of the Plan then the Sub-Plan will apply even though it may not comply with rule 13.1. 

  
  

A18820566/0.10/02 Mar 2015 
  

20 

	 	13.3.5	For the avoidance of doubt, where the rules of the Sub-Plan are more restrictive than this Plan then the terms of that Sub-Plan shall to the exclusion of the Plan apply to the Awards made under it. 

 

	 	13.3.6	The Designated Corporate Officer may at any time decide that a Sub-Plan will cease to be a Sub-Plan. 

  

	 	13.3.7	Amendments to the Sub-Plan will be subject to rule 11.2. 

  

	13.4	Local Plans 

 The Designated Corporate Officer may also, without obtaining the approval
of the Company in general meeting, establish further plans (by way of schedules to the rules or otherwise) based on the rules, but modified to take account of local tax, exchange control or securities law in non-UK territories. However, any Shares
made available under such plans are treated as counting against any limits on individual or overall participation in the Plan under rule 4. 

  
  

A18820566/0.10/02 Mar 2015 
  

21Glu_Ex_10_18

		
			Exhibit 10.18
		

		
			November 2, 2015
		

		
			 
		

		
			 
		

		
			Nick Earl
		

		
			____________
		

		
			____________
		

		
			 
		

		
			Re: Offer of Employment
		

		
			 
		

		
			Dear Nick: 
		

		
			 
		

		
			Glu Mobile Inc. (the “Company”) is pleased to offer you a full-time regular exempt position with the Company as EVP, President of Studios reporting to Niccolo de Masi.  We would like your employment to begin on November 9, 2015 (“Start Date”) or such later Start Date as may be mutually agreeable.  We are pleased to find someone with your vision and commitment to work as an integral part of our team.  This offer is contingent on the Company’s satisfactory acceptance of reference and background checks.
		

		
			
		

		
			You will be entitled to receive a biweekly salary of $13,461.54 (annual equivalent to $350,000.00) (the “Base Salary”) to be paid in accordance with the Company’s normal payroll procedures.  You will also be eligible to participate in a Company bonus plan for the Company’s 2015 fiscal year (the “Bonus Plan”). Payments under the Bonus Plan will be based on the achievement of specific Company objectives related to the Studio organization under your supervision (the “Objectives”). The Bonus Plan will have a target payout of 50% of your annual Base Salary, with any such bonus payment under the Bonus Plan prorated for the 2015 fiscal year based on your Start Date. The specific Objectives will be determined by Niccolo de Masi, after consultation with you, after your Start Date and, if required, will be approved by the Company’s Board of Directors or a committee of the Company’s Board.
		

		
			 
		

		
			We will recommend that the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) grant you a restricted stock unit award covering 500,000 shares of the Company’s common stock (the “RSU”).  We expect that the Compensation Committee will grant your RSU on the second Tuesday of the month following your Start Date; accordingly, if your Start Date is November 9, 2015 then we would expect that your RSU would be granted to you on December 8, 2015.  The RSU will vest as follows:  25% of the shares will vest on the first Company RSU Vesting Date following the first anniversary of your Start Date (the “First Vesting Date”) and the remaining 75% of the shares will vest in equal quarterly installments over the next three years following the First Vesting Date on each Company RSU Vesting Date.  The Company RSU Vesting 

		 

		

			1

		

		

			 

		

		

			 

		

 

Dates are each February 15, May 15, August 15 and November 15.  Notwithstanding the above description, the actual terms of the RSU will be governed by the Company’s 2007 Equity Incentive Plan or the Company’s 2008 Equity Inducement Plan, as applicable, and a Restricted Stock Unit Agreement, which agreement will be provided to you for electronic signature after the Compensation Committee approves the RSU.  
		

		
			 
		

		
			Additionally, we will recommend that the Compensation Committee grant you an option to purchase up to 300,000 shares of the common stock of the Company at the then current fair market value, which will be the closing price of the Company’s common stock on The NASDAQ Global Market on the date of grant.  We expect that the Compensation Committee will grant you your option on the second Tuesday of the month following your Start Date on the same date that the Compensation Committee grants your RSU.    Your stock option will vest over four years, with 25% of the total number of shares subject to the option vesting on the one-year anniversary of the date of grant and the remainder vesting in equal installments on the monthly date of grant anniversary each month thereafter. All stock options issued to you shall be governed by the terms and conditions of the 2007 Equity Incentive Plan and the Company’s 2008 Equity Inducement Plan or (as applicable) and Stock Option Agreement, which agreement will be executed by you and the Company upon Compensation Committee approval of the grant of the stock options hereunder. 
		

		
			 
		

		
			We will also recommend to the Compensation Committee that it approve the following severance arrangement in the event that your employment with 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 you deliver to the Company a signed general release of claims: receipt of (i) six months of your then-current annual base salary, (ii) 50% of your annual bonus for such calendar year, based on your target potential bonus (not the amount actually payable), (iii) an additional 36 months of vesting with respect to each of your then-outstanding and not fully vested equity awards and (iv) up to six months of continuation coverage for you (and any eligible dependents) pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985.
		

		
			“Cause” means (i) your 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) your personal dishonesty, willful misconduct in the performance of services for the Company, or breach of fiduciary duty involving personal profit, (iii) your 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 you that remains uncured for 30 days after written notice by the Company to you, 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) your failure to follow the lawful directions of the Company’s chief executive officer, in the scope of your employment unless you reasonably believe in good faith that these directions are not lawful and notify the chief executive officer of the reasons for your belief. 
		

		
			“Involuntary Termination” means your resignation of employment from the Company expressly based on the occurrence of any of the following conditions, without your informed written consent, provided, however, that with respect to each of the following conditions, you must (a) within 90 days following its occurrence, deliver to the Company a written notice explaining the specific basis for your belief that you are entitled to terminate your 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 your 

		 

		

			2

		

		

			 

		

		

			 

		

 

duties, position or responsibilities, or your removal from these duties, position and responsibilities, unless you are 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 your 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 your 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. 
		

		
			 
		

		
			As a Company employee, you will also be eligible to receive certain employee benefits, as modified by the Company from time to time, including medical, dental, and vision insurance coverage; sixteen days personal time off per year, plus such additional holiday time as is provided to the Company’s other regular employees; this currently includes the period between Christmas and New Year's Day.  
		

		
			 
		

		
			Your employment with the Company is for no specified period and constitutes an “AT-WILL” employment arrangement.  As a result, you are free to resign at any time, with or without notice, for any reason or for no reason.  Similarly, the Company is free to conclude its employment relationship with you at any time, with or without notice and with or without cause.  
		

		
			For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States.  Such documentation must be provided to us within three (3) business days of the Start Date, or our employment relationship with you may be terminated.
		

		
			As a condition of your employment, you will be required to sign and comply with the Employee Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A.  In addition, you agree that you will not engage in any other employment, occupation, consulting or other business activity related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any activities that conflict with your obligations to the Company.
		

		
			 
		

		
			This letter, along with the Employee Proprietary Information and Information Agreement, sets forth the terms and conditions of your employment with the Company and supersede any prior representations or agreements, whether written or oral.  This letter may not be modified or amended except by a written agreement, signed both by an officer of the Company and you.
		

		
			

		 

		

			3

		

		

			 

		

		

			 

		

 

 
		

		
			To accept the Company's offer of employment, please sign and date this letter in the space provided below and return it to Sheila Ryan, VP of Global Human Resources, no later than November 3, 2015. We’ve included a duplicate original for your records.  
		

		
			We believe Glu Mobile is poised to achieve great success.  We anticipate that you will be a critical component of that success.  We look forward to working with you.
		

		
			Sincerely,
		

		
			 
		

		
			ACCEPTED AND AGREED TOGLU MOBILE INC.
		

		
			this 3rd day of November, 2015
		

		
			 
		

		
			
		

			
					
						Ric R. 

					
					
						 

					
					
						 

				
	
					
						/s/ Nick Earl

					
					
						 

					
					
						/s/ Eric R. Ludwig

				
	
					
						Nick Earl

					
					
						 

					
					
						Eric R. Ludwig

				
	
					
						 

					
					
						 

					
					
						EVP, COO & CFO

				

		
			 
		

		
			 
		

		
			EMPLOYEE ACCEPTANCE ADDENDUM
		

		
			 
		

		
			 
		

		
			I hereby acknowledge that neither the offer of, nor my acceptance of, employment with Glu Mobile Inc. is contingent upon my disclosure of any information of a proprietary nature obtained from any protected source, including, but not limited to my previous employers. I represent that my employment with Glu Mobile Inc. and my performance of my proposed duties with Glu Mobile Inc. in the development of its business will not violate any obligations I may have to my former employer(s), including the obligation to keep confidential any proprietary information of those employers. I understand that Glu Mobile Inc.’s policy is to strictly prohibit any employee from using or disclosing any confidential or proprietary information from any source.
		

		
			 
		

		
			 
		

		
			Signature:   _/s/ Nick Earl_____________________________ Date: ___11-3-15__________
		

		
			 
		

		
			 
		

		
			

		 

		

			4

		

		

			 

		

		

			 

		

 

Print Name: _Nick Earl_________________________________
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			GLU MOBILE INC.
		

		
			EMPLOYEE INVENTION ASSIGNMENT and CONFIDENTIALITY AGREEMENT
		

		
			In consideration of, and as a condition of my employment with Glu Mobile Inc., a Delaware corporation with its principal offices in the State of California (the “Company”), I, as the “Employee” signing this Employee Invention Assignment and Confidentiality Agreement (this “Agreement”), hereby represent to the Company, and the Company and I hereby agree as follows:
		

		
			 
		

			
	
			
				 1.
			Purpose of Agreement.  I understand that the Company is engaged in a continuous program of research, development, production and/or marketing in connection with its current and projected business and that it is critical for the Company to preserve and protect its proprietary information, its rights in certain inventions and works and in related intellectual property rights.  Accordingly, I am entering into this Agreement, whether or not I am expected to create inventions or other works of value for the Company.  As used in this Agreement, “Inventions” means inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works, confidential information and trade secrets.

			
	
			
				 2.
			Disclosure of Inventions.  I will promptly disclose in confidence to the Company, or to any person designated by it, all Inventions that I make, create, conceive or first reduce to practice, either alone or jointly with others, during the period of my employment, whether or not in the course of my employment, and whether or not patentable, copyrightable or protectable as trade secrets.

			
	
			
				 3.
			Work for Hire; Assigned Inventions.  I acknowledge and agree that any copyrightable works prepared by me within the scope of my employment will be “works made for hire” under the Copyright Act and that the Company will be considered the author and owner of such copyrightable works.  I agree that all Inventions that I make, create, conceive or first reduce to practice during the period of my employment, whether or not in the course of my employment, and whether or not patentable, copyrightable or protectable as trade secrets, and that (a) are developed using equipment, supplies, facilities or trade secrets of the Company; (b) result from work performed by me for the Company; or (c) relate to the Company’s business or actual or demonstrably anticipated research or development (the “Assigned Inventions”), will be the sole and exclusive property of the Company.

			
	
			
				 4.
			Excluded Inventions and Other Inventions.   Attached as Exhibit A is a list describing all existing Inventions, if any, that may relate to the Company’s business or actual or demonstrably anticipated research or development and that were made by me or acquired by me prior to the Effective Date (as defined in Section 25 below), and which are not to be assigned to the Company (“Excluded Inventions”).  If no such list is attached, I represent and agree that it is 

		 

		

			5

		

		

			 

		

		

			 

		

 

	because I have no rights in any existing Inventions that may relate to the Company’s business or actual or demonstrably anticipated research or development.  For purposes of this Agreement, “Other Inventions” means Inventions in which I have or may have an interest, as of the Effective Date or thereafter, other than Assigned Inventions and Excluded Inventions.  I acknowledge and agree that if, in the scope of my employment, I use any Excluded Inventions or any Other Inventions, or if I include any Excluded Inventions or Other Inventions in any product or service of the Company or if my rights in any Excluded Inventions or Other Inventions may block or interfere with, or may otherwise be required for, the exercise by the Company of any rights assigned to the Company under this Agreement, I will immediately so notify the Company in writing.  Unless the Company and I agree otherwise in writing as to particular Excluded Inventions or Other Inventions, I hereby grant to the Company, in such circumstances (whether or not I give the Company notice as required above), a perpetual, irrevocable, nonexclusive, transferable, world-wide, royalty-free license to use, disclose, make, sell, offer for sale, import, copy, distribute, modify and create works based on, perform, and display such Excluded Inventions and Other Inventions, and to sublicense third parties in one or more tiers of sublicenses with the same rights.

			
	
			
				 5.
			Exception to Assignment.  I understand that the Assigned Inventions will not include, and the provisions of this Agreement requiring assignment of inventions to the Company do not apply to, any invention that qualifies fully for exclusion under the provisions of Section 2870 of the California Labor Code, which are attached as Exhibit B.

			
	
			
				 6.
			Assignment of Rights.  I agree to assign, and do hereby irrevocably transfer and assign, to the Company:  (a) all of my rights, title and interests in and with respect to any Assigned Inventions; (b) all patents, patent applications, copyrights, mask works, rights in databases, trade secrets, and other intellectual property rights, worldwide, in any Assigned Inventions, along with any registrations of or applications to register such rights; and (c) to the extent assignable, any and all Moral Rights (as defined below) that I may have in or with respect to any Assigned Inventions.  I also hereby forever waive and agree never to assert any Moral Rights I may have in or with respect to any Assigned Inventions and any Excluded Inventions or Other Inventions licensed to the Company under Section 4, even after termination of my employment with the Company.  “Moral Rights” means any rights to claim authorship of a work, to object to or prevent the modification or destruction of a work, to withdraw from circulation or control the publication or distribution of a work, and any similar right, regardless of whether or not such right is denominated or generally referred to as a “moral right.” 

			
	
			
				 7.
			Assistance.  I will assist the Company in every proper way to obtain and enforce for the Company all patents, copyrights, mask work rights, trade secret rights and other legal protections for the Assigned Inventions, worldwide.  I will sign and deliver any documents that the Company may reasonably request from me in connection with providing such assistance.  My obligations under this section will continue beyond the termination of my employment with the Company; provided that the Company agrees to compensate me at a reasonable rate after such termination for time and expenses actually spent by me at the Company’s request in providing such assistance.  I hereby appoint the Secretary of the Company as my attorney-in-fact to sign documents on my behalf for this purpose.  I agree that this appointment is coupled with an interest and will not be revocable.

			
	
			
				 8.
			Proprietary Information.  I understand that my employment by the Company creates a relationship of confidence and trust with respect to any information or materials of a confidential or secret nature that may be made, created or discovered by me or that may be disclosed to me by the Company or a third party in relation to the business of the Company or to the business of any parent, subsidiary, affiliate, customer or supplier of the Company, or any other party with whom the Company agrees to hold such information or materials in confidence (the “Proprietary Information”).  Without limitation as to the forms that Proprietary Information may take, I acknowledge that Proprietary Information may be contained in tangible material such as writings, drawings, samples, electronic media, or computer programs, or may be in the nature of 

		 

		

			6

		

		

			 

		

		

			 

		

 

	unwritten knowledge or know-how.  Proprietary Information includes, but is not limited to, Assigned Inventions, marketing plans, product plans, designs, data, prototypes, specimens, test protocols, laboratory notebooks, business strategies, financial information, forecasts, personnel information, contract information, customer and supplier lists, and the non-public names and addresses of the Company’s customers and suppliers, their buying and selling habits and special needs.

			
	
			
				 9.
			Confidentiality.  At all times, both during my employment and after its termination, I will keep and hold all Proprietary Information in strict confidence and trust.  I will not use or disclose any Proprietary Information without the prior written consent of the Company in each instance, except as may be necessary to perform my duties as an employee of the Company for the benefit of the Company.  Upon termination of my employment with the Company, I will promptly deliver to the Company all documents and materials of any nature pertaining to my work with the Company, and I will not take with me or retain in any form any documents or materials or copies containing any Proprietary Information.

			
	
			
				 10.
			Physical Property.  All documents, supplies, equipment and other physical property furnished to me by the Company or produced by me or others in connection with my employment will be and remain the sole property of the Company.  I will return to the Company all such items when requested by the Company, excepting only my personal copies of records relating to my employment or compensation and any personal property I bring with me to the Company and designate as such.  Even if the Company does not so request, I will upon termination of my employment return to the Company all Company property, and I will not take with me or retain any such items.

			
	
			
				 11.
			No Breach of Prior Agreements.  I represent that my performance of all the terms of this Agreement and my duties as an employee of the Company will not breach any invention assignment, proprietary information, confidentiality, non-competition, or other agreement with any former employer or other party.  I represent that I will not bring with me to the Company or use in the performance of my duties for the Company any documents or materials or intangibles of my own or of a former employer or third party that are not generally available for use by the public or have not been legally transferred to the Company.

			
	
			
				 12.
			“At Will” Employment.  I understand that this Agreement does not constitute a contract of employment or obligate the Company to employ me for any stated period of time.  I understand that I am an “at will” employee of the Company and that my employment can be terminated at any time, with or without notice and with or without cause, for any reason or for no reason, by either the Company or by me.  I acknowledge that any statements or representations to the contrary are ineffective, unless put into a writing signed by the Company.  I further acknowledge that my participation in any stock option or benefit program is not to be construed as any assurance of continuing employment for any particular period of time.

			
	
			
				 13.
			Company Opportunities; Duty Not to Compete.  During the period of my employment, I will at all times devote my best efforts to the interests of the Company, and I will not, without the prior written consent of the Company, engage in, or encourage or assist others to engage in, any other employment or activity that: (a) would divert from the Company any business opportunity in which the Company can reasonably be expected to have an interest; (b) would directly compete with, or involve preparation to compete with, the current or future business of the Company; or (c) would otherwise conflict with the Company’s interests or could cause a disruption of its operations or prospects.

			
	
			
				 14.
			Non-Solicitation of Employees/Consultants.  During my employment with the Company and for a one (1) year period thereafter, I will not directly or indirectly solicit away employees or consultants of the Company for my own benefit or for the benefit of any other person or entity, nor will I encourage or assist others to do so.

		 

		

			7

		

		

			 

		

		

			 

		

 

			
	
			
				 15.
			Use of Name & Likeness.  I hereby authorize the Company to use, reuse, and to grant others the right to use and reuse, my name, photograph, likeness (including caricature), voice, and biographical information, and any reproduction or simulation thereof, in any form of media or technology now known or hereafter developed, both during and after my employment, for any purposes related to the Company’s business, such as marketing, advertising, credits, and presentations.

			
	
			
				 16.
			Notification.  I hereby authorize the Company, during and after the termination of my employment with the Company, to notify third parties, including, but not limited to, actual or potential customers or employers, of the terms of this Agreement and my responsibilities hereunder.

			
	
			
				 17.
			Injunctive Relief.  I understand that a breach or threatened breach of this Agreement by me may cause the Company to suffer irreparable harm and that the Company will therefore be entitled to injunctive relief to enforce this Agreement.

			
	
			
				 18.
			Governing Law; Severability.   This Agreement is intended to supplement, and not to supersede, any rights the Company may have in law or equity with respect to the duties of its employees and the protection of its trade secrets.  This Agreement will be governed by and construed in accordance with the laws of the State of California without giving effect to any principles of conflict of laws that would lead to the application of the laws of another jurisdiction.  If any provision of this Agreement is invalid, illegal or unenforceable in any respect, such provision will be enforced to the maximum extent possible, given the fundamental intentions of the parties when entering into this Agreement.  To the extent such provision cannot be so enforced, it will be stricken from this Agreement and the remainder of this Agreement will be enforced as if such invalid, illegal or unenforceable provision had never been contained in this Agreement.

			
	
			
				 19.
			Counterparts.  This Agreement may be signed in any number of counterparts, each of which when so signed and delivered will be deemed an original, and all of which together will constitute one and the same agreement.

			
	
			
				 20.
			Entire Agreement.  This Agreement and the documents referred to herein constitute the entire agreement and understanding of the parties with respect to the subject matter of this Agreement, and supersede all prior understandings and agreements, whether oral or written, between the parties hereto with respect to such subject matter.

			
	
			
				 21.
			Amendment and Waiver.  This Agreement may be amended only by a written agreement signed by each of the parties to this Agreement.  No amendment or waiver of, or modification of any obligation under, this Agreement will be enforceable unless specifically set forth in a writing signed by the party against which enforcement is sought.  A waiver by either party of any of the terms and conditions of this Agreement in any instance will not be deemed or construed to be a waiver of such term or condition with respect to any other instance, whether prior, concurrent or subsequent.

			
	
			
				 22.
			Successors and Assigns; Assignment.  Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the parties hereunder, will bind and benefit the parties and their respective successors, assigns, heirs, executors, administrators, and legal representatives.  The Company may assign any of its rights and obligations under this Agreement.  I understand that I will not be entitled to assign or delegate this Agreement or any of my rights or obligations hereunder, whether voluntarily or by operation of law, except with the prior written consent of the Company.

			
	
			
				 23.
			Further Assurances.  The parties will sign such further documents and instruments and take such further actions as may be reasonably necessary to carry out the purposes and intent of this Agreement.  Upon termination of my employment with the Company, I will sign and deliver 

		 

		

			8

		

		

			 

		

		

			 

		

 

	a document or documents in a form reasonably requested by the Company confirming my agreement to comply with the post-employment obligations contained in this Agreement.  

			
	
			
				 24.
			Acknowledgement.  I certify and acknowledge that I have carefully read all of the provisions of this Agreement and that I understand and will fully and faithfully comply with this Agreement.

			
	
			
				 25.
			Effective Date of Agreement.  This Agreement is and will be effective on and after the first day of my employment by the Company, which is November 9, 2015 (the “Effective Date”).

		
			IN WITNESS WHEREOF, the parties have signed this Employee Invention Assignment and Confidentiality Agreement with the intent that it be effective as of the Effective Date.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Glu Mobile Inc.: 

					
					
						Employee:

				
	
					
						By:

					
					
						/s/ Eric R. Ludwig

					
					
						/s/ Nick Earl

				
	
					
						 

					
					
						 

					
					
						Signature

				
	
					
						Name:

					
					
						Eric R. Ludwig

					
					
						Nick Earl

				
	
					
						 

					
					
						 

					
					
						Name (Please Print)

				
	
					
						Title:

					
					
						EVP, COO & CFO

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		 

		

			9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00255-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00255-of-00352.parquet"}]]