Document:

EX-10.2

Exhibit 10.2

Exhibit A

Guidelines for

Executive Severance

Overview

The P.H. Glatfelter Company (“Glatfelter” or the “Company”) Executive Severance Guidelines
(“Guidelines”) have been adopted by the Board of Directors to serve as the basis for determining
the severance benefits available to certain executive team members in the case of certain
terminations of their employment with the Company. Severance benefits included under the Guidelines
include cash amounts as well as the treatment of specific employee benefits. Some executives may
have other arrangements providing for severance benefits, including severance in the context of a
change in control of the Company, which would supercede the severance provisions of these
Guidelines. The Compensation Committee retains the authority to modify or terminate individual
severance packages, in its discretion, as circumstances may warrant.

Who Is Eligible

Executives included under these guidelines are the Chief Executive Officer, Executive Vice
Presidents, Senior Vice Presidents and other Vice Presidents.

Types of Termination Covered

The Guidelines cover terminations of an eligible executive’s employment by the Company for reasons
other than for Cause. These Guidelines do not apply and no severance benefits (other than those
required to be provided by law or pre-existing individual contractual arrangement) will be provided
in the case of a resignation by an executive; a termination due to death, disability, or
retirement; or a termination by the Company for Cause. A termination for Cause includes, but is not
limited to, terminations for one or more of the following reasons:

	•	 	An act or acts of personal dishonesty by the eligible executive intended to result in
substantial personal enrichment of that executive at the expense of the Company;

	•	 	Repeated failures by such an executive to perform his or her duties and responsibilities,
or illegal conduct or gross misconduct by the executive which is materially injurious to the
Company, and which violations, conduct or misconduct are demonstrably willful and deliberate
and are not remedied within thirty (30) days after receipt of written notice from the Company;

	•	 	A violation of any of the Company’s policies, including, but not limited to, policies
regarding sexual harassment, insider trading, confidentiality, non-disclosure,
non-competition, non-disparagement, substance abuse, and conflicts of interest, and any other
written policy of the Company, which violation could result in a termination of the
executive’s employment; or

	•	 	A conviction of the executive of a felony that is materially injurious to the Company, or a
plea by the executive of guilty or no contest to a charge of a felony which is materially
injurious to the Company.

Amount of Cash Severance

The Guidelines provide for cash severance amounts equal to one month’s “pay” per year of service up
to the following maximums (“the severance period”) depending on an executive’s level:

	•	 	Chief Executive Officer: 24 months;

	•	 	Executive Vice Presidents and Senior Vice Presidents: 18 months; and

	•	 	Other Vice Presidents: 12 months.

For purposes of the Guidelines, “pay” includes monthly base salary at the time of termination plus
1/12 of a notional bonus as defined in the following section.

Notional Bonus in Year of Termination

The notional bonus will be pro-rated by the number of full months served in the fiscal year of
termination. This notional bonus will be calculated as the lesser of the target bonus for the
terminated executive in the year of termination or the average of annual bonuses paid to the
terminated executive with respect to the three fiscal years preceding the year of termination (or
shorter period of employment annualized).

Timing of Payments and Taxes

Cash severance amounts, including the notional bonus, (the “Severance Amount”) will be paid as
follows. To the extent that the Severance Amount exceeds two times the lesser of (1) the
executive’s annual rate of compensation (within the meaning of the applicable regulations under
Section 409A of the Internal Revenue Code, as amended (the “Code”)) and (2) the maximum amount that
may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code in the
year in which the termination occurs, such excess must be paid to the executive on the last day of
the seventh month following the executive’s termination of employment. The remainder of the
Severance Amount shall be paid to the executive in equal monthly installments during the length of
the severance period, or on such other schedule determined by the Company, provided that all such
amounts shall be paid no later than the last day of the second calendar year following the
executive’s termination of employment.

All payments will be subject to applicable local, state, and federal income tax, FICA, and other
payroll tax withholding.

Employee Benefits

A terminated executive would also be entitled to the following employee benefits under the
Guidelines:

	•	 	Health benefits (medical, prescription and dental) (“Health Benefits”) will continue for
the length of the severance period under the same terms, conditions and contributions as
applicable to other executives;

	•	 	The Employee Assistance Program will continue to be provided following termination of
employment for up to three sessions during the severance period (the “Employee Assistance
Benefits”); and

	•	 	The terminated executive will also be paid for any accrued unused vacation (pro-rated to
the date of termination) to the extent required by law.

To the extent that the Health Benefits are subject to Section 409A of the Code, the benefits
provided during any calendar year shall not affect the benefits provided in any other calendar
year. With respect to an executive who is a “specified employee” within the meaning of Section 409A
of the Code, the cost of any Employee Assistance Benefits provided during the first six months
shall be paid by the executive, and shall be reimbursed by the Company on the last day of the
seventh month following the executive’s termination of employment.

All other employee benefits will cease as of the termination date.

Treatment of Outstanding Equity Compensation

Outstanding equity grants at the time of termination will be treated in accordance with the terms
of the Long Term Incentive Plan in effect at the time of the grant and the individual grants.

Outplacement Assistance

Outplacement assistance selected by the Company will be offered to terminated executives that
receive severance under the Guidelines up to the following maximum amounts:

	•	 	Chief Executive Officer: $40,000;

	•	 	Executive Vice Presidents and Senior Vice Presidents: $30,000; and

	•	 	Other Vice Presidents: $15,000.

Such benefits must be provided no later than the end of the second calendar year following the
executive’s date of termination of employment. To the extent that they are reimbursed by the
Company, such reimbursement must be made no later than the end of the third calendar year following
executive’s date of termination of employment.

Mitigation/Offset

To the extent other full-time employment is found and begun by the terminated executive, the
remaining monthly cash severance payments would be reduced by 50% for the remainder of the
severance period. In addition, health benefits that continue to be provided by the Company and
contributed to by the executive will become secondary when benefits provided by a subsequent
employer become effective.

Conditions of Severance

Any severance provided under these Guidelines will be conditioned on the executive signing and not
revoking an enforceable General Release Agreement in a form that is acceptable to the Company and
that will include the executive’s full, general release of all claims against the Company, its
affiliates and their officers and directors, the executive’s agreement not to disparage the
Company, the executive’s agreement to keep the Agreement confidential, the executive’s agreement to
reasonably cooperate with the Company in any transition issues or litigation post-termination, and
such other items as determined by the Company.EX-4.01

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND
EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND, ACCORDINGLY, MAY NOT BE TRANSFERRED
UNLESS (I) SUCH SECURITIES HAVE BEEN REGISTERED FOR SALE PURSUANT TO THE SECURITIES ACT OF 1933, AS
AMENDED, (II) SUCH SECURITIES MAY BE SOLD PURSUANT TO RULE 144, OR (III) THE COMPANY HAS RECEIVED
AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH TRANSFER MAY LAWFULLY BE MADE WITHOUT
REGISTRATION UNDER THE SECURITIES ACT OF 1933.

SUBJECT TO THE PROVISIONS OF SECTION 10 HEREOF, THIS WARRANT SHALL BE VOID AFTER 5:00 P.M.
EASTERN TIME ON [FIFTH ANNIVERSARY OF THE CLOSING DATE] (THE “EXPIRATION DATE”).

No.   

GLU MOBILE INC.

WARRANT TO PURCHASE _______ SHARES OF

COMMON STOCK, PAR VALUE $0.0001 PER SHARE

For VALUE RECEIVED,        (“Warrantholder”), is entitled to purchase, subject
to the provisions of this Warrant, from Glu Mobile Inc., a Delaware corporation (“Company”), at any
time not later than 5:00 P.M., Eastern time, on the Expiration Date (as defined above), at an
exercise price per share equal to $1.50 (the exercise price in effect being herein called the
“Warrant Price”),        shares (“Warrant Shares”) of the Company’s Common Stock, par value $0.0001
per share (“Common Stock”). The number of Warrant Shares purchasable upon exercise of this Warrant
and the Warrant Price shall be subject to adjustment from time to time as described herein. This
Warrant is being issued pursuant to the Purchase Agreement, dated as of June 30, 2010 (the
“Purchase Agreement”), among the Company and the initial holders of the Company Warrants (as
defined below). Capitalized terms used herein have the respective meanings ascribed thereto in the
Purchase Agreement unless otherwise defined herein.

Section 1. Registration. The Company shall maintain books for the transfer and
registration of the Warrant. Upon the initial issuance of this Warrant, the Company shall issue
and register the Warrant in the name of the Warrantholder.

Section 2. Transfers. As provided herein, this Warrant may be transferred only
pursuant to a registration statement filed under the Securities Act of 1933, as amended (the
“Securities Act”), or an exemption from such registration. Subject to such restrictions, the
Company shall transfer this Warrant from time to time upon the books to be maintained by the
Company for that purpose, upon surrender hereof for transfer, properly endorsed or accompanied by
appropriate instructions for transfer and such other documents as may be reasonably required by the
Company, including, if required by the Company, an opinion of its counsel to the effect that such
transfer is exempt from the registration requirements of the Securities Act, to establish that such
transfer is being made in accordance with the terms hereof, and a new Warrant shall be issued to
the transferee and the surrendered Warrant shall be canceled by the Company.

Section 3. Exercise of Warrant. Subject to the provisions hereof, the Warrantholder
may exercise this Warrant, in whole or in part, at any time prior to its expiration upon surrender
of the Warrant, together with delivery of a duly executed Warrant exercise form, in the form
attached hereto as Appendix A (the “Exercise Agreement”) and payment by cash, certified check or
wire transfer of funds (or, in certain circumstances, by cashless exercise as provided below) of
the aggregate Warrant Price for that number of Warrant Shares then being purchased, to the Company
during normal business hours on any business day at the Company’s principal executive offices (or
such other office or agency of the Company as it may designate by notice to the Warrantholder).
The Warrant Shares so purchased shall be deemed to be issued to the Warrantholder or the
Warrantholder’s designee, as the record owner of such shares, as of the close of business on the
date on which this Warrant shall have been surrendered (or the date evidence of loss, theft or
destruction thereof and security or indemnity satisfactory to the Company has been provided to the
Company), the Warrant Price shall have been paid and the completed Exercise Agreement shall have
been delivered. Certificates for the Warrant Shares so purchased shall be delivered to the
Warrantholder within a reasonable time, not exceeding five (5) business days, after this Warrant
shall have been so exercised. The certificates so delivered shall be in such denominations as may
be requested by the Warrantholder and shall be registered in the name of the Warrantholder or such
other name as shall be designated by the Warrantholder, as specified in the Exercise Agreement. If
this Warrant shall have been exercised only in part, then, unless this Warrant has expired, the
Company shall, at its expense, at the time of delivery of such certificates, deliver to the
Warrantholder a new Warrant representing the right to purchase the number of shares with respect to
which this Warrant shall not then have been exercised. As used herein, “business day” means a day,
other than a Saturday or Sunday, on which banks in New York City are open for the general
transaction of business. Each exercise hereof shall constitute the re-affirmation by the
Warrantholder that the representations and warranties contained in Section 5 of the Purchase
Agreement are true and correct in all material respects with respect to the Warrantholder as of the
time of such exercise.

If (1) a certificate representing the Warrant Shares is not delivered to the Warrantholder
within five (5) Business Days of the due exercise of this Warrant by the Warrantholder and (2)
prior to the time such certificate is received by the Warrantholder, the Warrantholder, or any
third party on behalf of the Warrantholder or for the Warrantholder’s account, purchases (in an
open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale
by the Warrantholder of shares represented by such certificate (a “Buy-In”), then the Company shall
pay in cash to the Warrantholder (for costs incurred either directly by such Warrantholder or on
behalf of a third party) the amount by which the total purchase price paid for Common Stock as a
result of the Buy-In (including brokerage commissions, if any) exceeds the proceeds received by
such Warrantholder as a result of the sale to which such Buy-In relates. The Warrantholder shall
provide the Company written notice indicating the amounts payable to the Warrantholder in respect
of the Buy-In.

Section 4. Compliance with the Securities Act of 1933. Except as provided in the
Purchase Agreement, the Company may cause the legend set forth on the first page of this Warrant to
be set forth on each Warrant, and a similar legend on any security issued or issuable upon exercise
of this Warrant, unless counsel for the Company is of the opinion as to any such security that such
legend is unnecessary.

Section 5. Payment of Taxes. The Company will pay any documentary stamp taxes
attributable to the initial issuance of Warrant Shares issuable upon the exercise of the Warrant;
provided, however, that the Company shall not be required to pay any tax or taxes which may be
payable in respect of any transfer involved in the issuance or delivery of any certificates for
Warrant Shares in a name other than that of the Warrantholder in respect of which such shares are
issued, and in such case, the Company shall not be required to issue or deliver any certificate for
Warrant Shares or any Warrant until the person requesting the same has paid to the Company the
amount of such tax or has established to the Company’s reasonable satisfaction that such tax has
been paid. The Warrantholder shall be responsible for income taxes due under federal, state or
other law, if any such tax is due.

Section 6. Mutilated or Missing Warrants. In case this Warrant shall be mutilated,
lost, stolen, or destroyed, the Company shall issue in exchange and substitution of and upon
surrender and cancellation of the mutilated Warrant, or in lieu of and substitution for the Warrant
lost, stolen or destroyed, a new Warrant of like tenor and for the purchase of a like number of
Warrant Shares, but only upon receipt of evidence reasonably satisfactory to the Company of such
loss, theft or destruction of the Warrant, and with respect to a lost, stolen or destroyed Warrant,
reasonable indemnity or bond with respect thereto, if requested by the Company.

Section 7. Reservation of Common Stock. The Company hereby represents and warrants
that there have been reserved, and the Company shall at all applicable times keep reserved until
issued (if necessary) as contemplated by this Section 7, out of the authorized and unissued shares
of Common Stock, sufficient shares to provide for the exercise of the rights of purchase
represented by this Warrant. The Company agrees that all Warrant Shares issued upon due exercise
of this Warrant in accordance with the terms hereof shall be, at the time of delivery of the
certificates for such Warrant Shares, duly authorized, validly issued, fully paid and
non-assessable shares of Common Stock of the Company.

Section 8. Adjustments. Subject and pursuant to the provisions of this Section 8, the
Warrant Price and number of Warrant Shares subject to this Warrant shall be subject to adjustment
from time to time as set forth hereinafter.

(a) If the Company shall, at any time or from time to time while this Warrant is outstanding,
pay a dividend or make a distribution on its Common Stock in shares of Common Stock, subdivide its
outstanding shares of Common Stock into a greater number of shares or combine its outstanding
shares of Common Stock into a smaller number of shares or issue by reclassification of its
outstanding shares of Common Stock any shares of its capital stock (including any such
reclassification in connection with a consolidation or merger in which the Company is the
continuing corporation), then (i) the Warrant Price in effect immediately prior to the date on
which such change shall become effective shall be adjusted by multiplying such Warrant Price by a
fraction, the numerator of which shall be the number of shares of Common Stock outstanding
immediately prior to such change and the denominator of which shall be the number of shares of
Common Stock outstanding immediately after giving effect to such change and (ii) the number of
Warrant Shares purchasable upon exercise of this Warrant shall be adjusted by multiplying the
number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the date on
which such change shall become effective by a fraction, the numerator of which is shall be the
Warrant Price in effect immediately prior to the date on which such change shall become effective
and the denominator of which shall be the Warrant Price in effect immediately after giving effect
to such change, calculated in accordance with clause (i) above. Such adjustments shall be made
successively whenever any event listed above shall occur.

(b) If any capital reorganization, reclassification of the capital stock of the Company,
consolidation or merger of the Company with another corporation in which the Company is not the
survivor, or sale, transfer or other disposition of all or substantially all of the Company’s
assets to another corporation shall be effected, then, as a condition of such reorganization,
reclassification, consolidation, merger, sale, transfer or other disposition, lawful and adequate
provision shall be made whereby each Warrantholder shall thereafter have the right to purchase and
receive upon the basis and upon the terms and conditions herein specified and in lieu of the
Warrant Shares immediately theretofore issuable upon exercise of the Warrant, such shares of stock,
securities or assets as would have been issuable or payable with respect to or in exchange for a
number of Warrant Shares equal to the number of Warrant Shares immediately theretofore issuable
upon exercise of the Warrant, had such reorganization, reclassification, consolidation, merger,
sale, transfer or other disposition not taken place, and in any such case appropriate provision
shall be made with respect to the rights and interests of each Warrantholder to the end that the
provisions hereof (including, without limitation, provision for adjustment of the Warrant Price)
shall thereafter be applicable, as nearly equivalent as may be practicable in relation to any
shares of stock, securities or assets thereafter deliverable upon the exercise hereof. The Company
shall not effect any such consolidation, merger, sale, transfer or other disposition unless prior
to or simultaneously with the consummation thereof the successor corporation (if other than the
Company) resulting from such consolidation or merger, or the corporation purchasing or otherwise
acquiring such assets or other appropriate corporation or entity shall assume the obligation to
deliver to the Warrantholder, at the last address of the Warrantholder appearing on the books of
the Company, such shares of stock, securities or assets as, in accordance with the foregoing
provisions, the Warrantholder may be entitled to purchase, and the other obligations under this
Warrant. The provisions of this paragraph (b) shall similarly apply to successive reorganizations,
reclassifications, consolidations, mergers, sales, transfers or other dispositions.

(c) In case the Company shall fix a payment date for the making of a distribution to all
holders of Common Stock (including any such distribution made in connection with a consolidation or
merger in which the Company is the continuing corporation) of evidences of indebtedness or assets
(other than cash dividends or cash distributions payable out of consolidated earnings or earned
surplus or dividends or distributions referred to in Section 8(a)), or subscription rights or
warrants, the Warrant Price to be in effect after such payment date shall be determined by
multiplying the Warrant Price in effect immediately prior to such payment date by a fraction, the
numerator of which shall be the total number of shares of Common Stock outstanding multiplied by
the Market Price (as defined below) per share of Common Stock immediately prior to such payment
date, less the fair market value (as determined by the Company’s Board of Directors in good faith)
of said assets or evidences of indebtedness so distributed, or of such subscription rights or
warrants, and the denominator of which shall be the total number of shares of Common Stock
outstanding multiplied by such Market Price per share of Common Stock immediately prior to such
payment date. “Market Price” as of a particular date (the “Valuation Date”) shall mean the
following: (a) if the Common Stock is then listed on the Nasdaq Global Market or the Nasdaq Capital
Market (“Nasdaq”) or any other national stock exchange, the closing sale price of one share of
Common Stock on such exchange on the last trading day prior to the Valuation Date; (b) if the
Common Stock is then quoted on the National Association of Securities Dealers, Inc. OTC Bulletin
Board (the “Bulletin Board”) or such similar quotation system or association, the closing sale
price of one share of Common Stock on the Bulletin Board or such other quotation system or
association on the last trading day prior to the Valuation Date or, if no such closing sale price
is available, the average of the high bid and the low asked price quoted thereon on the last
trading day prior to the Valuation Date; or (c) if the Common Stock is not then listed on a
national stock exchange or quoted on the Bulletin Board or such other quotation system or
association, the fair market value of one share of Common Stock as of the Valuation Date, as
determined in good faith by the Board of Directors of the Company and the Warrantholder. If the
Common Stock is not then listed on a national securities exchange, the Bulletin Board or such other
quotation system or association, the Board of Directors of the Company shall respond promptly, in
writing, to an inquiry by the Warrantholder prior to the exercise hereunder as to the fair market
value of a share of Common Stock as determined by the Board of Directors of the Company. In the
event that the Board of Directors of the Company and the Warrantholder are unable to agree upon the
fair market value in respect of subpart (c) of this paragraph, the Company and the Warrantholder
shall jointly select an appraiser, who is experienced in such matters. The decision of such
appraiser shall be final and conclusive, and the cost of such appraiser shall be borne equally by
the Company and the Warrantholder. Such adjustment shall be made successively whenever such a
payment date is fixed.

(d) An adjustment to the Warrant Price shall become effective immediately after the payment
date in the case of each dividend or distribution and immediately after the effective date of each
other event which requires an adjustment.

(e) In the event that, as a result of an adjustment made pursuant to this Section 8, the
Warrantholder shall become entitled to receive any shares of capital stock of the Company other
than shares of Common Stock, the number of such other shares so receivable upon exercise of this
Warrant shall be subject thereafter to adjustment from time to time in a manner and on terms as
nearly equivalent as practicable to the provisions with respect to the Warrant Shares contained in
this Warrant.

(f) Except as provided in subsection (g) hereof, if and whenever the Company shall issue or
sell, or is, in accordance with any of subsections (f)(l) through (f)(7) hereof, deemed to have
issued or sold, any Additional Shares of Common Stock for no consideration or for a consideration
per share less than the Warrant Price in effect immediately prior to the time of such issue or
sale, then and in each such case (a “Trigger Issuance”) the then-existing Warrant Price, shall be
reduced, as of the close of business on the effective date of the Trigger Issuance, to a price
determined as follows:

Adjusted Warrant Price = (A x B) + D

A+C

where

“A” equals the number of shares of Common Stock outstanding, including Additional Shares of
Common Stock (as defined below) deemed to be issued hereunder, immediately preceding such Trigger
Issuance;

“B” equals the Warrant Price in effect immediately preceding such Trigger Issuance;

“C” equals the number of Additional Shares of Common Stock issued or deemed issued hereunder
as a result of the Trigger Issuance; and

“D” equals the aggregate consideration, if any, received or deemed to be received by the
Company upon such Trigger Issuance;

provided, however, that in no event shall the Warrant Price after giving effect to such Trigger
Issuance be greater than the Warrant Price in effect prior to such Trigger Issuance.

For purposes of this subsection (f), “Additional Shares of Common Stock” shall mean all shares
of Common Stock issued by the Company or deemed to be issued pursuant to this subsection (f), other
than Excluded Issuances (as defined in subsection (g) hereof).

For purposes of this subsection (f), the following subsections (f)(l) to (f)(7) shall also be
applicable:

(f)(1) Issuance of Rights or Options. In case at any time the Company shall
in any manner grant (directly and not by assumption in a merger or otherwise) any
warrants or other rights to subscribe for or to purchase, or any options for the
purchase of, Common Stock or any stock or security convertible into or exchangeable
for Common Stock (such warrants, rights or options being called “Options” and such
convertible or exchangeable stock or securities being called “Convertible
Securities”) whether or not such Options or the right to convert or exchange any
such Convertible Securities are immediately exercisable, and the price per share for
which Common Stock is issuable upon the exercise of such Options or upon the
conversion or exchange of such Convertible Securities (determined by dividing (i)
the sum (which sum shall constitute the applicable consideration) of (x) the total
amount, if any, received or receivable by the Company as consideration for the
granting of such Options, plus (y) the aggregate amount of additional consideration
payable to the Company upon the exercise of all such Options, plus (z), in the case
of such Options which relate to Convertible Securities, the aggregate amount of
additional consideration, if any, payable upon the issue or sale of such Convertible
Securities and upon the conversion or exchange thereof, by (ii) the total maximum
number of shares of Common Stock issuable upon the exercise of such Options or upon
the conversion or exchange of all such Convertible Securities issuable upon the
exercise of such Options) shall be less than the Warrant Price in effect immediately
prior to the time of the granting of such Options, then the total number of shares
of Common Stock issuable upon the exercise of such Options or upon conversion or
exchange of the total amount of such Convertible Securities issuable upon the
exercise of such Options shall be deemed to have been issued for such price per
share as of the date of granting of such Options or the issuance of such Convertible
Securities and thereafter shall be deemed to be outstanding for purposes of
adjusting the Warrant Price. Except as otherwise provided in subsection 8(f)(3), no
adjustment of the Warrant Price shall be made upon the actual issue of such Common
Stock or of such Convertible Securities upon exercise of such Options or upon the
actual issue of such Common Stock upon conversion or exchange of such Convertible
Securities.

(f)(2) Issuance of Convertible Securities. In case the Company shall in any
manner issue (directly and not by assumption in a merger or otherwise) or sell any
Convertible Securities, whether or not the rights to exchange or convert any such
Convertible Securities are immediately exercisable, and the price per share for
which Common Stock is issuable upon such conversion or exchange (determined by
dividing (i) the sum (which sum shall constitute the applicable consideration) of
(x) the total amount received or receivable by the Company as consideration for the
issue or sale of such Convertible Securities, plus (y) the aggregate amount of
additional consideration, if any, payable to the Company upon the conversion or
exchange thereof, by (ii) the total number of shares of Common Stock issuable upon
the conversion or exchange of all such Convertible Securities) shall be less than
the Warrant Price in effect immediately prior to the time of such issue or sale,
then the total maximum number of shares of Common Stock issuable upon conversion or
exchange of all such Convertible Securities shall be deemed to have been issued for
such price per share as of the date of the issue or sale of such Convertible
Securities and thereafter shall be deemed to be outstanding for purposes of
adjusting the Warrant Price, provided that (a) except as otherwise provided in
subsection 8(f)(3), no adjustment of the Warrant Price shall be made upon the actual
issuance of such Common Stock upon conversion or exchange of such Convertible
Securities and (b) no further adjustment of the Warrant Price shall be made by
reason of the issue or sale of Convertible Securities upon exercise of any Options
to purchase any such Convertible Securities for which adjustments of the Warrant
Price have been made pursuant to the other provisions of subsection 8(f).

(f)(3) Change in Option Price or Conversion Rate. Upon the happening of any of
the following events, namely, if the purchase price provided for in any Option
referred to in subsection 8(f)(l) hereof, the additional consideration, if any,
payable upon the conversion or exchange of any Convertible Securities referred to in
subsections 8(f)(l) or 8(f)(2), or the rate at which Convertible Securities referred
to in subsections 8(f)(l) or 8(f)(2) are convertible into or exchangeable for Common
Stock shall change at any time (including, but not limited to, changes under or by
reason of provisions designed to protect against dilution), the Warrant Price in
effect at the time of such event shall forthwith be readjusted to the Warrant Price
which would have been in effect at such time had such Options or Convertible
Securities still outstanding provided for such changed purchase price, additional
consideration or conversion rate, as the case may be, at the time initially granted,
issued or sold. On the termination of any Option for which any adjustment was made
pursuant to this subsection 8(f) or any right to convert or exchange Convertible
Securities for which any adjustment was made pursuant to this subsection 8(f)
(including without limitation upon the redemption or purchase for consideration of
such Convertible Securities by the Company), the Warrant Price then in effect
hereunder shall forthwith be changed to the Warrant Price which would have been in
effect at the time of such termination had such Option or Convertible Securities, to
the extent outstanding immediately prior to such termination, never been issued.

(f)(4) Stock Dividends. Subject to the provisions of this Section 8(f), in
case the Company shall declare or pay a dividend or make any other distribution upon
any stock of the Company (other than the Common Stock) payable in Common Stock,
Options or Convertible Securities, then any Common Stock, Options or Convertible
Securities, as the case may be, issuable in payment of such dividend or distribution
shall be deemed to have been issued or sold without consideration.

(f)(5) Consideration for Stock. In case any shares of Common Stock, Options or
Convertible Securities shall be issued or sold for cash, the consideration received
therefor shall be deemed to be the gross amount paid by the purchasers of such
securities. In case any shares of Common Stock, Options or Convertible Securities
shall be issued or sold for a consideration other than cash, the amount of the
consideration other than cash received by the Company shall be deemed to be the fair
value of such consideration as determined in good faith by the Board of Directors of
the Company. In case any Options shall be issued in connection with the issue and
sale of other securities of the Company, together comprising one integral
transaction in which no specific consideration is allocated to such Options by the
parties thereto, such Options shall be deemed to have been issued for such
consideration as determined in good faith by the Board of Directors of the Company.
If Common Stock, Options or Convertible Securities shall be issued or sold by the
Company and, in connection therewith, other Options or Convertible Securities (the
“Additional Rights”) are issued, then the consideration received or deemed to be
received by the Company shall be reduced by the fair market value of the Additional
Rights (as determined using the Black-Scholes option pricing model or another method
mutually agreed to by the Company and the Warrantholder). The Board of Directors of
the Company shall respond promptly, in writing, to an inquiry by the Warrantholder
as to the fair market value of the Additional Rights. In the event that the Board
of Directors of the Company and the Warrantholder are unable to agree upon the fair
market value of the Additional Rights, the Company and the Warrantholder shall
jointly select an appraiser, who is experienced in such matters. The decision of
such appraiser shall be final and conclusive, and the cost of such appraiser shall
be borne evenly by the Company and the Warrantholder.

(f)(6) Record Date. In case the Company shall take a record of the holders of
its Common Stock for the purpose of entitling them (i) to receive a dividend or
other distribution payable in Common Stock, Options or Convertible Securities or
(ii) to subscribe for or purchase Common Stock, Options or Convertible Securities,
then such record date shall be deemed to be the date of the issue or sale of the
            shares of Common Stock deemed to have been issued or sold upon the declaration of
such dividend or the making of such other distribution or the date of the granting
of such right of subscription or purchase, as the case may be.

(f)(7) Treasury Shares. The number of shares of Common Stock outstanding at
any given time shall not include shares owned or held by or for the account of the
Company or any of its wholly-owned subsidiaries, and the disposition of any such
            shares (other than the cancellation or retirement thereof) shall be considered an
issue or sale of Common Stock for the purpose of this subsection (f).

(g) Anything herein to the contrary notwithstanding, the Company shall not be required to make
any adjustment of the Warrant Price in the case of the issuance of (A) capital stock, equity
awards, Options or Convertible Securities issued to directors, officers, employees or consultants
of the Company in connection with their service as directors of the Company, their employment by
the Company or their retention as consultants by the Company pursuant to an equity compensation
program approved by the Board of Directors of the Company or the compensation committee of the
Board of Directors of the Company, (B) shares of Common Stock issued upon the conversion or
exercise of Options or Convertible Securities issued prior to the date hereof or pursuant to clause
(A) above, provided such securities are not amended after the date hereof to increase the number of
shares of Common Stock issuable thereunder or to lower the exercise or conversion price thereof,
(C) securities issued pursuant to the Purchase Agreement and securities issued upon the exercise or
conversion of those securities, (D) shares of Common Stock issued or issuable by reason of a
dividend, stock split or other distribution on shares of Common Stock (but only to the extent that
such a dividend, split or distribution results in an adjustment in the Warrant Price pursuant to
the other provisions of this Warrant); and (E) rights issued to all stockholders of the Company
pursuant to a rights offering approved by the Board of Directors and shares of Common Stock issued
pursuant to such rights offering (collectively, “Excluded Issuances”).

(h) Upon any adjustment to the Warrant Price pursuant to Section 8(f) above, the number of
Warrant Shares purchasable hereunder shall be adjusted by multiplying such number by a fraction,
the numerator of which shall be the Warrant Price in effect immediately prior to such adjustment
and the denominator of which shall be the Warrant Price in effect immediately thereafter.

Section 9. Fractional Interest. The Company shall not be required to issue fractions
of Warrant Shares upon the exercise of this Warrant. If any fractional share of Common Stock
would, except for the provisions of the first sentence of this Section 9, be deliverable upon such
exercise, the Company, in lieu of delivering such fractional share, shall pay to the exercising
Warrantholder an amount in cash equal to the Market Price of such fractional share of Common Stock
on the date of exercise.

Section 10. Extension of Expiration Date. If the Company fails to cause any
Registration Statement covering Registrable Securities (as defined in the Registration Rights
Agreement) to be declared effective prior to the applicable dates set forth therein, or if any of
the events specified in Section 2(c)(ii) of the Registration Rights Agreement occurs, and the
Blackout Period (as defined in the Registration Rights Agreement) (whether alone, or in combination
with any other Blackout Period) continues for more than 60 days in any 12 month period, or for more
than a total of 90 days, then the Expiration Date of this Warrant shall be extended one day for
each day beyond the 60-day or 90-day limits, as the case may be, that the Blackout Period
continues.

Section 11. Benefits. Nothing in this Warrant shall be construed to give any person,
firm or corporation (other than the Company and the Warrantholder) any legal or equitable right,
remedy or claim, it being agreed that this Warrant shall be for the sole and exclusive benefit of
the Company and the Warrantholder.

Section 12. Notices to Warrantholder. Upon the happening of any event requiring an
adjustment of the Warrant Price, the Company shall promptly give written notice thereof to the
Warrantholder at the address appearing in the records of the Company, stating the adjusted Warrant
Price and the adjusted number of Warrant Shares resulting from such event and setting forth in
reasonable detail the method of calculation and the facts upon which such calculation is based.
Failure to give such notice to the Warrantholder or any defect therein shall not affect the
legality or validity of the subject adjustment.

Section 13. Identity of Transfer Agent. The Transfer Agent for the Common Stock is
American Stock Transfer & Trust Co. Upon the appointment of any subsequent transfer agent for the
Common Stock or other shares of the Company’s capital stock issuable upon the exercise of the
rights of purchase represented by the Warrant, the Company will mail to the Warrantholder a
statement setting forth the name and address of such transfer agent.

Section 14. Notices. Unless otherwise provided, any notice required or permitted
under this Warrant shall be given in writing and shall be deemed effectively given as hereinafter
described (i) if given by personal delivery, then such notice shall be deemed given upon such
delivery, (ii) if given by telex or facsimile, then such notice shall be deemed given upon receipt
of confirmation of complete transmittal, (iii) if given by mail, then such notice shall be deemed
given upon the earlier of (A) receipt of such notice by the recipient or (B) three days after such
notice is deposited in first class mail, postage prepaid, and (iv) if given by an internationally
recognized overnight air courier, then such notice shall be deemed given one business day after
delivery to such carrier. All notices shall be addressed as follows: if to the Warrantholder, at
its address as set forth in the Company’s books and records and, if to the Company, at the address
as follows, or at such other address as the Warrantholder or the Company may designate by ten days’
advance written notice to the other:

If to the Company:

Glu Mobile Inc.

2207 Bridgepointe Parkway, Suite 300

San Mateo, California 94404

Attention: General Counsel

Fax: 650-403-1018

With a copy to:

Fenwick & West LLP

801 California Street

Mountain View, California 94041

Attention: David A. Bell

Fax: 650-938-5200

Section 15. Registration Rights. The initial Warrantholder is entitled to the benefit
of certain registration rights with respect to the shares of Common Stock issuable upon the
exercise of this Warrant as provided in the Registration Rights Agreement, and any subsequent
Warrantholder may be entitled to such rights.

Section 16.  Successors. All the covenants and provisions hereof by or for the
benefit of the Warrantholder shall bind and inure to the benefit of its respective successors and
assigns hereunder.

Section 17. Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This
Warrant shall be governed by, and construed in accordance with, the internal laws of the State of
New York, without reference to the choice of law provisions thereof. The Company and, by accepting
this Warrant, the Warrantholder, each irrevocably submits to the exclusive jurisdiction of the
courts of the State of New York located in New York County and the United States District Court for
the Southern District of New York for the purpose of any suit, action, proceeding or judgment
relating to or arising out of this Warrant and the transactions contemplated hereby. Service of
process in connection with any such suit, action or proceeding may be served on each party hereto
anywhere in the world by the same methods as are specified for the giving of notices under this
Warrant. The Company and, by accepting this Warrant, the Warrantholder, each irrevocably consents
to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of
venue in such court. The Company and, by accepting this Warrant, the Warrantholder, each
irrevocably waives any objection to the laying of venue of any such suit, action or proceeding
brought in such courts and irrevocably waives any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum. EACH OF THE COMPANY AND, BY
ITS ACCEPTANCE HEREOF, THE WARRANTHOLDER HEREBY WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY
LITIGATION WITH RESPECT TO THIS WARRANT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY
AS TO THIS WAIVER.

Section 18. Cashless Exercise. Notwithstanding any other provision contained herein
to the contrary, from and after the six-month anniversary of the Closing Date and so long as the
Company is required under the Registration Rights Agreement to have effected the registration of
the Warrant Shares for resale to the public pursuant to a Registration Statement (as such term is
defined in the Registration Rights Agreement), if, and only during the time that, the Warrant
Shares may not be freely sold to the public for any reason (including, but not limited to, the
failure of the Company to have effected the registration of the Warrant Shares or to have a current
prospectus available for delivery or otherwise, but excluding the period of any Allowed Delay (as
defined in the Registration Rights Agreement), the Warrantholder may elect to receive, without the
payment by the Warrantholder of the aggregate Warrant Price in respect of the shares of Common
Stock to be acquired, shares of Common Stock of equal value to the value of this Warrant, or any
specified portion hereof, by the surrender of this Warrant (or such portion of this Warrant being
so exercised) together with a Net Issue Election Notice, in the form annexed hereto as Appendix B,
duly executed, to the Company. Thereupon, the Company shall issue to the Warrantholder such number
of fully paid, validly issued and nonassessable shares of Common Stock as is computed using the
following formula:

X = Y (A — B)

A

where

X = the number of shares of Common Stock to which the Warrantholder is entitled upon such
cashless exercise;

Y = the total number of shares of Common Stock covered by this Warrant for which the
Warrantholder has surrendered purchase rights at such time for cashless exercise (including both
shares to be issued to the Warrantholder and shares as to which the purchase rights are to be
canceled as payment therefor);

A = the “Market Price” of one share of Common Stock as at the date the net issue election is
made; and

B = the Warrant Price in effect under this Warrant at the time the net issue election is made.

[Section 19. Limitations on Exercise.

(a) Notwithstanding anything to the contrary contained herein, the number of Warrant Shares
that may be acquired by the Warrantholder upon any exercise of this Warrant (or otherwise in
respect hereof) shall be limited to the extent necessary to insure that, following such exercise
(or other issuance), the total number of shares of Common Stock then beneficially owned by such
Warrantholder and its Affiliates and any other Persons whose beneficial ownership of Common Stock
would be aggregated with the Warrantholder’s for purposes of Section 13(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), does not exceed 4.999% of the total number
of issued and outstanding shares of Common Stock (including for such purpose the shares of Common
Stock issuable upon such exercise). For such purposes, beneficial ownership shall be determined in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated
thereunder. This provision shall not restrict the number of shares of Common Stock which a
Warrantholder may receive or beneficially own in order to determine the amount of securities or
other consideration that such Holder may receive in the event of a transaction contemplated by
Section 8 of this Warrant. By written notice to the Company, the Warrantholder may waive the
provisions of this Section 19(a), but any such waiver will not be effective until the 61st day
after delivery of such notice, nor will any such waiver effect any other Warrantholder.

(b) Notwithstanding anything to the contrary contained herein, the number of Warrant Shares
that may be acquired by the Warrantholder upon any exercise of this Warrant (or otherwise in
respect hereof) shall be limited to the extent necessary to insure that, following such exercise
(or other issuance), the total number of shares of Common Stock then beneficially owned by such
Warrantholder and its Affiliates and any other Persons whose beneficial ownership of Common Stock
would be aggregated with the Warrantholder’s for purposes of Section 13(d) of the Exchange Act,
does not exceed 9.999% of the total number of issued and outstanding shares of Common Stock
(including for such purpose the shares of Common Stock issuable upon such exercise). For such
purposes, beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange
Act and the rules and regulations promulgated thereunder. This provision shall not restrict the
number of shares of Common Stock which a Holder may receive or beneficially own in order to
determine the amount of securities or other consideration that such Holder may receive in the event
of a transaction contemplated by Section 8 of this Warrant. This restriction may not be waived.]

Section 20. No Rights as Stockholder. Prior to the exercise of this Warrant, the
Warrantholder shall not have or exercise any rights as a stockholder of the Company by virtue of
its ownership of this Warrant.

Section 21. Amendment; Waiver. This Warrant is one of a series of Warrants of like
tenor issued by the Company pursuant to the Purchase Agreement and initially covering an aggregate
of        shares of Common Stock (collectively, the “Company Warrants”). Any term of this
Warrant may be amended or waived (including the adjustment provisions included in Section 8 of this
Warrant) upon the written consent of the Company and the holders of Company Warrants representing
at least 50% of the number of shares of Common Stock then subject to all outstanding Company
Warrants (the “Majority Holders”); provided, that (x) any such amendment or waiver must
apply to all Company Warrants; and (y) the number of Warrant Shares subject to this Warrant, the
Warrant Price and the Expiration Date may not be amended, and the right to exercise this Warrant
may not be altered or waived, without the written consent of the Warrantholder.

Section 22. Section Headings. The section headings in this Warrant are for the
convenience of the Company and the Warrantholder and in no way alter, modify, amend, limit or
restrict the provisions hereof.

1

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed, as of the      
day of      , 2010.

GLU MOBILE INC.

By:      

Name:

Title:

APPENDIX A

GLU MOBILE INC.

WARRANT EXERCISE FORM

To Glu Mobile Inc.:

The undersigned hereby irrevocably elects to exercise the right of purchase represented by the
within Warrant (“Warrant”) for, and to purchase thereunder by the payment of the Warrant Price and
surrender of the Warrant,        shares of Common Stock (“Warrant Shares”) provided for
therein, and requests that certificates for the Warrant Shares be issued as follows:

      

Name

      

Address

      

      

Federal Tax ID or Social Security No.

and delivered by (certified mail to the above address, or

(electronically (provide DWAC Instructions:      ), or

(other (specify):       ).

and, if the number of Warrant Shares shall not be all the Warrant Shares purchasable upon exercise
of the Warrant, that a new Warrant for the balance of the Warrant Shares purchasable upon exercise
of this Warrant be registered in the name of the undersigned Warrantholder or the undersigned’s
Assignee as below indicated and delivered to the address stated below.

Dated:       ,       

Note: The signature must correspond with Signature:      

	 	 	 	 	 
	the name of the Warrantholder as written
on the first page of the Warrant in every
	 	 	—	 
	particular, without alteration or enlargement
	 	Name (please print)
	or any change whatever, unless the Warrant
has been assigned.
	 	 	—	 

      

Address

      

Federal Identification or

Social Security No.

Assignee:

      

      

      

2

APPENDIX B

GLU MOBILE INC.

NET ISSUE ELECTION NOTICE

To: Glu Mobile Inc.

Date:[      ]

The undersigned hereby elects under Section 18 of this Warrant to surrender the right
to purchase [      ] shares of Common Stock pursuant to this Warrant and hereby requests the
issuance of [      ] shares of Common Stock. The certificate(s) for the shares issuable
upon such net issue election shall be issued in the name of the undersigned or as otherwise
indicated below.

     

Signature

     

Name for Registration

     

Mailing Address

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]