Document:

Exhibit 10.4

 Exhibit 10.4 
 XENITH BANKSHARES, INC. 
 2012 STOCK INCENTIVE PLAN 

Amending, Restating and Continuing 
 the Xenith Bankshares, Inc. 2009 Stock Incentive Plan 
 As Approved By
Shareholders 
 Effective May 3, 2012 
 And Further Amended and Restated on December 19, 2012 

 XENITH BANKSHARES, INC. 

2012 STOCK INCENTIVE PLAN 
  

	1.	Definitions 

 In
addition to other terms defined herein, the following terms shall have the meanings given below: 
 (a) Administrator
means the Board, and, upon its delegation of all or part of its authority to administer the Plan to the Committee, the Committee. 
 (b) Applicable Law or Applicable Laws means any applicable laws, rules or regulations (or similar guidance), including but not limited to the Securities Act, the Exchange Act, and the Code.

 (c) Award means any Option, Stock Award, Stock Unit Award or Incentive Award granted pursuant to the Plan. 

(d) Award Agreement means any Option Agreement, Stock Award Agreement, Stock Unit Award Agreement or Incentive Award Agreement.

 (e) Board or Board of Directors means the Board of Directors of the Corporation. 

(f) Cause shall mean, unless the Administrator determines otherwise or terms are otherwise set forth in the Participant’s
Award Agreement, a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “cause” as defined under, and in accordance with the procedure stated in, the Participant’s
employment, consulting or other agreement with the Corporation or a Subsidiary, if any, or (ii) if the Participant has not entered into any such employment, consulting or other agreement (or if any such agreement does not address the effect of
a “cause” termination), then the Participant’s termination shall be for “Cause” if termination results due to the Participant’s (A) dishonesty; (B) refusal to perform his duties for the Corporation or a
Subsidiary; (C) engaging in fraudulent conduct; or (D) engaging in any conduct that could be materially damaging to the Corporation or a Subsidiary without a reasonable good faith belief that such conduct was in the best interest of the
Corporation or a Subsidiary. The determination of “Cause” under clause (i) shall be made by the individual, committee or the Board as provided in the Participant’s employment, consulting or other agreement and under clause
(ii) shall be made by the Administrator and its determination shall be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and an Award, a Participant’s employment or service shall be
deemed to have terminated for Cause if, after the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause. 

(g) Change in Control: 
 (i) General: Except as may be otherwise provided in an individual Award Agreement, a Change in Control shall be deemed to have occurred on the earliest of the following dates: 

(A) The date any entity or person shall have become the beneficial owner of, or shall have obtained voting control over,
50% or more of the outstanding Common Stock of the Corporation, other than any person who owns 50% or more of the outstanding common stock of the Corporation on the Effective Date; 

 (B) The date the Corporation completes (x) a merger or consolidation of
the Corporation with or into another corporation or other business entity (each, a “corporation”), regardless of whether the Corporation is the continuing or surviving corporation or pursuant to which any shares of Common Stock of the
Corporation would be converted into cash, securities or other property of another corporation, other than a merger or consolidation of the Corporation in which the holders of the Common Stock immediately prior to the merger or consolidation continue
to own immediately after the merger or consolidation at least 50% of the Common Stock, or if the Corporation is not the surviving corporation, the common stock (or other voting securities) of the surviving corporation; or (y) a sale or other
disposition of all or substantially all the assets of the Corporation; or 
 (C) The date that Continuing
Directors cease for any reason to constitute a majority of the Board. 
 (For the purposes herein, the term
“person” shall mean any individual, corporation, partnership, group, association or other person, as such term is defined in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, other than the Corporation, a subsidiary of
the Corporation or any employee benefit plan(s) sponsored or maintained by the Corporation or any subsidiary thereof, and the term “beneficial owner” shall have the meaning given the term in Rule 13d-3 under the Exchange Act.) 

If a Change in Control constitutes a payment event with respect to any Award that provides for the deferral of compensation and is subject
to Code Section 409A, no payment will be made under that Award on account of a Change in Control unless the event described in (A), (B) or (C) above, as applicable, constitutes a “change in control event” under Treasury
Regulation Section 1.409A-3)i)(5). 
 (h) Code means the Internal Revenue Code of 1986, as amended. Any reference
herein to a specific Code section shall be deemed to include all related regulations or other guidance with respect to such Code section. 
 (i) Committee means the Governance and Compensation Committee of the Board which may be appointed to administer the Plan. 
 (j) Common Stock means the common stock of the Corporation, $1.00 par value. 
 (k) Continuing Director means any member of the Board, while a member of the Board and (i) who was a member of the Board on the Effective Date or (ii) whose nomination for, or election
to, the Board was recommended or approved by at least two-thirds of the members of the Board who are Continuing Directors; provided, however, that no member of the Board whose initial assumption of office is in connection with an actual or
threatened contest relating to the election of directors shall be deemed a Continuing Director. 
 (l) Corporation means
Xenith Bankshares, Inc., a corporation organized under the laws of the Commonwealth of Virginia, together with any successor thereto. 
 (m) Director means a member of the Board or of the board of directors of a Subsidiary. 
 (n) Disability shall, except as may be otherwise determined by the Administrator, have the meaning given in any employment agreement, consulting agreement or other similar agreement, if any, to

  
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which a Participant is a party, or, if there is no such agreement (or if any such agreement does not address the effect of termination due to disability), “Disability” shall mean the
inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not
less than 12 months. The Administrator shall have discretion to determine if a termination due to Disability has occurred. 

(o) Effective Date means May 8, 2009, which was the effective date of the Xenith Bankshares, Inc. 2009 Stock Incentive Plan.

 (p) Employee means any person who is an employee of the Corporation or any Subsidiary (including entities which
become Subsidiaries after the Effective Date of the Plan). For this purpose, an individual shall be considered to be an Employee only if there exists between the individual and the Corporation or a Subsidiary the legal and bona fide relationship of
employer and employee (subject to any requirements imposed under Code Section 409A); provided, however, that, with respect to Incentive Options, “Employee” means any person who is considered an employee of the Corporation or any
Subsidiary for purposes of Treas. Reg. Section 1.421-1(h) (or any successor provision related thereto). 
 (q)
Exchange Act means the Securities Exchange Act of 1934, as amended. 
 (r) Fair Market Value on any date with
respect to the Common Stock means: 
 (i) if the Common Stock is listed on a national securities exchange, the last reported
sales price of a share of the Common Stock on such exchange or, if no sale occurs on that date, the average of the reported closing bid and asked prices on that date, 
 (ii) if the Common Stock is otherwise publicly traded, the last reported sales price of a share of the Common Stock under the quotation system under which the sales price is reported or, if no sale occurs
on that date, the average of the reported closing bid and asked prices on that date under the quotation system under which the bid and asked prices are reported, 
 (iii) if no such last sales price or average of the reported closing bid and asked prices are available on that date, the last reported sales price of a share of the Common Stock, or if no sale takes
place, the average of the reported closing bid and asked prices as so reported for the immediately preceding business day (a) on the national securities exchange on which the Common Stock is listed or (b) if the Common Stock is otherwise
publicly traded, under the quotation system under which such data are reported, or 
 (iv) if none of the prices described above
is available, the value of a share of the Common Stock as reasonably determined in good faith by the Administrator in a manner that it believes to be in accordance with the Code and all regulations promulgated thereunder. 

(v) In determining the Fair Market Value of a share of Common Stock in connection with the issuance of Incentive Options (as defined
below), the Fair Market Value shall be determined without regard to any restriction, other than a restriction that, by its terms, will never lapse. 
 (vi) Notwithstanding the foregoing, in determining the Fair Market Value of a share of Common Stock, the Fair Market Value shall be determined in accordance with Code Section 409A to the extent
required. 

  
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 (s) Incentive Award means an Award granted to a Participant under Section 9
which, subject to the terms and conditions prescribed by the Administrator, entitles the Participant to receive a payment from the Corporation or a Subsidiary. 
 (t) Incentive Award Agreement means an agreement (which may be in written or electronic form, in the Administrator’s discretion, and which includes any amendment or supplement thereto) between
the Corporation and a Participant specifying the terms, conditions and restrictions of an Incentive Award granted to the Participant. An Incentive Award Agreement may also state such other terms, conditions and restrictions, including but not
limited to terms, conditions and restrictions applicable to shares or any other benefit payable under an Incentive Award, as may be established by the Administrator. 
 (u) Incentive Option means an Option that is designated by the Administrator as an Incentive Option pursuant to Section 7 and intended to meet the requirements of incentive stock options under
Code Section 422. 
 (v) Nonqualified Option means an Option granted under Section 7 that is designated by the
Administrator as not intended to qualify as an incentive stock option under Code Section 422 or an Option that does not meet the requirements of an Incentive Option. 
 (w) Option means a stock option granted under Section 7 that entitles the holder to purchase from the Corporation a stated number of shares of Common Stock at the price set forth in an Option
Agreement. 
 (x) Option Agreement means an agreement (which may be in written or electronic form, in the
Administrator’s discretion, and which includes any amendment or supplement thereto) between the Corporation and a Participant specifying the terms, conditions and restrictions of an Option granted to the Participant. An Option Agreement may
also state such other terms, conditions and restrictions, including but not limited to terms, conditions and restrictions applicable to shares or any other benefit underlying an Option, as may be established by the Administrator. 

(y) Option Period means the term of an Option, as provided in Section 7(d). 

(z) Option Price means the price at which an Option may be exercised, as provided in Section 7(b). 

(aa) Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the
Code. 
 (bb) Participant means an individual employed by, or providing services to, the Corporation or a Subsidiary who
satisfies the requirements of Section 6 and is selected by the Administrator to receive an Award under the Plan. 
 (cc)
Plan means this Xenith Bankshares, Inc. 2012 Stock Incentive Plan, which is an amendment, restatement and continuation of the Xenith Bankshares, Inc. 2009 Stock Incentive Plan under the new name. The term “Plan” includes this Plan
as it may be amended and/or restated in the future. 
 (dd) Securities Act means the Securities Act of 1933, as amended.

 (ee) Stock Award means Common Stock awarded to a Participant under Section 8. 

  
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 (ff) Stock Award Agreement means an agreement (which may be in written or electronic
form, in the Administrator’s discretion, and which includes any amendment or supplement thereto) between the Corporation and a Participant specifying the terms, conditions and restrictions of a Stock Award granted to the Participant. A Stock
Award Agreement may also state such other terms, conditions and restrictions, including but not limited to terms, conditions and restrictions applicable to the shares of Common Stock covered by the Stock Award, as may be established by the
Administrator. 
 (gg) Stock Unit Award means the right awarded to a Participant under Section 8 that entitles the
Participant to receive a benefit based on a number of shares of Common Stock equal to the number of stock units covered by the Stock Unit Award. 
 (hh) Stock Unit Award Agreement means an agreement (which may be in written or electronic form, in the Administrator’s discretion, and which includes any amendment or supplement thereto)
between the Corporation and a Participant specifying the terms, conditions and restrictions of a Stock Unit Award granted to the Participant. A Stock Unit Award Agreement may also state such other terms, conditions and restrictions, including but
not limited to terms, conditions and restrictions applicable to any shares of Common Stock issued in settlement of the Stock Unit Award, as may be established by the Administrator. 

(ii) Subsidiary means a “subsidiary corporation” of the Corporation, whether now or hereafter existing, as defined in
Code Section 424(f). 
 (jj) Termination Date means the date of termination of a Participant’s employment or
service for any reason, as determined by the Administrator in its discretion. 
  

	2.	Purpose 

 The
purpose of the Plan is to encourage and enable selected Employees and Directors of the Corporation and its Subsidiaries to acquire or to increase their holdings of Common Stock of the Corporation in order to promote a closer identification of their
interests with those of the Corporation and its shareholders, thereby further stimulating their efforts to enhance the efficiency, soundness, profitability, growth and shareholder value of the Corporation. This purpose will be carried out through
the granting of Awards to selected Employees and Directors. 
  

	3.	Administration of the Plan 

 (a) The Plan shall be administered by the Board of Directors of the Corporation or, upon its delegation, by the Committee. With respect to Awards that are intended to qualify as
“performance-based” compensation under Code Section 162(m), the Plan shall be administered by a committee comprised of two or more “outside directors” (as such term is defined in Code Section 162(m)) or as may otherwise
be permitted under Code Section 162(m). Notwithstanding the foregoing, the Board shall have sole authority to grant Awards to Directors who are not employees of the Corporation or its Subsidiaries. 

(b) Subject to the provisions of the Plan, the Administrator shall have full and final authority in its discretion to take any action
with respect to the Plan including, without limitation, the authority (i) to determine all matters relating to Awards, including selection of individuals to be granted Awards, the types of Awards, the number of shares of the Common Stock
subject to an Award, and all terms, conditions, restrictions and limitations of an Award (and the terms of Awards may include conditions, restrictions and limitations in addition to those contained in the Plan, including conditions based on the
Interagency Guidance on Sound Incentive Compensation Policies); (ii) to prescribe the form or forms of Award Agreements evidencing any Awards granted under the Plan; (iii) to establish, amend and rescind

  
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rules and regulations for the administration of the Plan; and (iv) to construe and interpret the Plan, Awards and Award Agreements made under the Plan, to interpret rules and regulations for
administering the Plan and to make all other determinations deemed necessary or advisable for administering the Plan. The Administrator shall have the authority, in its sole discretion, to accelerate the date that any Option which was not otherwise
exercisable, vested or earned shall become exercisable, vested or earned in whole or in part without any obligation to accelerate such date with respect to any other Option granted to any recipient. The Administrator shall have the authority, in its
sole discretion, to accelerate the date that any Stock Award or Stock Unit Award shall become nonforfeitable, transferable or both in whole or in part or the date on which an Incentive Award is earned or settled or both, in whole or in part, without
any obligation to accelerate such date with respect to any other Stock Award, Stock Unit Award or Incentive Award granted to any recipient. Further, except as may affect an Option’s exemption under Code Section 409A, the Administrator also
may in its sole discretion modify or extend the terms and conditions for exercise, vesting or earning of an Option. The Administrator may determine that a Participant’s rights, payments and/or benefits with respect to an Award (including but
not limited to any shares issued or issuable with respect to an Option) shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or
performance conditions of an Award. Such events may include, but shall not be limited to, termination of employment for Cause, violation of policies of the Corporation or a Subsidiary, breach of non-solicitation, noncompetition, confidentiality or
other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is determined by the Administrator to be detrimental to the business or reputation of the Corporation or any Subsidiary. In addition, the
Administrator shall have the authority and discretion to establish terms and conditions of Awards (including but not limited to the establishment of subplans) as the Administrator determines to be necessary or appropriate to conform to the
applicable requirements or practices of jurisdictions outside of the United States. In addition to action by meeting in accordance with Applicable Laws, any action of the Administrator with respect to the Plan may be taken by a written instrument
signed by all of the members of the Board or the Committee, as appropriate, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called. No member
of the Board or the Committee, as applicable, shall be liable while acting as Administrator for any action or determination made in good faith with respect to the Plan, an Award or an Award Agreement. The members of the Board or the Committee, as
applicable, shall be entitled to indemnification and reimbursement in the manner provided in the Corporation’s articles of incorporation and bylaws and/or under Applicable Laws. 

(c) Notwithstanding the other provisions of Section 3, the Administrator may delegate to one or more officers of the Corporation the
authority to grant Awards, and to make any or all of the determinations reserved for the Administrator in the Plan and summarized in Section 3(b) with respect to such Awards (subject to any restrictions imposed by Applicable Laws and such terms
and conditions as may be established by the Administrator) except for Awards granted to a Participant who is subject to Section 16 of the Exchange Act at the time of said grant or other determination. To the extent that the Administrator has
delegated authority to grant Awards pursuant to this Section 3(c) to one or more officers of the Corporation, references to the Administrator shall include references to such officer or officers, subject, however, to the requirements of the
Plan, Rule 16b-3, Code Section 162(m) and other Applicable Laws. 
  

	4.	Effective Date 

Options may be granted on or after the Effective Date and until the effective date of the Plan, as amended and restated herein, in
accordance with the terms of the Xenith Bankshares, Inc. 2009 Stock Incentive Plan as in effect on the date of grant. The Plan, as amended and restated herein, shall be effective on the date that it is approved by shareholders of the Corporation.
Awards may be granted 

  
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under the Plan, as amended and restated herein, on and after the date of such approval by shareholders, but not after March 13, 2022. Awards that are outstanding at the end of the Plan term
(or such earlier termination date as may be established by the Board pursuant to Section 11(a)), shall continue in accordance with their terms, unless otherwise provided in the Plan or an Award Agreement. 

 

	5.	Shares of Common Stock Subject to the Plan; Award Limitations 

 (a) Shares of Common Stock Subject to the Plan: Subject to adjustments as provided in Section 5(e), the aggregate number of shares of Common Stock that may be issued pursuant to Awards granted
under the Plan, including the Xenith Bankshares, Inc. 2009 Stock Incentive Plan, as in effect from time to time, shall not exceed 1,043,391 shares. Shares delivered under the Plan shall be authorized but unissued shares, including shares that become
authorized but unissued shares following their purchase on the open market or by private purchase. The Corporation hereby reserves sufficient authorized shares of Common Stock to meet the grant of Awards hereunder. 

(b) Option Limitations: Notwithstanding any provision in the Plan to the contrary, but subject to adjustment as provided in
Section 5(e), in any calendar year, no Participant may be granted Options for more than 300,000 shares of Common Stock. 

(c) Stock Award and Stock Unit Award Limitations. Notwithstanding any provision of the Plan to the contrary, but subject to
adjustment as provided in Section 5(e), the maximum aggregate number of shares of Common Stock that may be issued as Stock Awards and/or in settlement of Stock Unit Awards shall be 313,017 shares and the maximum number of shares of Common Stock
that may be issued as Stock Awards and/or the maximum number of shares of Common Stock with respect to which Stock Unit Awards may be granted to any individual in any calendar year shall be 100,000 shares. 

(d) Reallocation of Shares: Any shares subject to an Award under the Plan which is forfeited, cancelled, terminated, expires or
lapses for any reason will not be applied to reduce the share authorization of Section 5(a) above. Any shares surrendered by a Participant or withheld by the Corporation to pay the Option Price or purchase price for an Option or used to satisfy
any tax withholding requirement in connection with the exercise, vesting, settlement or earning of an Award will be applied to reduce the share authorization of Section 5(a) above. 

(e) Adjustments: If there is any change in the outstanding shares of Common Stock because of a merger, consolidation or
reorganization involving the Corporation or a Subsidiary, or if the Board declares a stock dividend, stock split distributable in shares of Common Stock, reverse stock split, extraordinary cash dividend, combination or reclassification of the Common
Stock, or if there is a similar change in the capital stock structure of the Corporation or a Subsidiary affecting the Common Stock, the number of shares of Common Stock reserved for issuance under the Plan, the number and type of securities subject
to Awards, the terms of outstanding Awards and the limitations set forth in Sections 5(b) and 5(c) shall be correspondingly adjusted as the Board deems equitable to prevent dilution or enlargement of Awards or as may be otherwise advisable.

  

	6.	Eligibility 

 An
Award may be granted only to an individual who satisfies all of the following eligibility requirements on the date the Award is granted: 
 (a) The individual is either (i) an Employee or (ii) a Director. 

  
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 (b) With respect to the grant of Incentive Options, the individual is otherwise eligible to
participate under this Section 6 and is an Employee of the Corporation or a Subsidiary. 
 (c) With respect to the grant of
substitute awards or assumption of awards in connection with a merger, consolidation, acquisition, reorganization or similar business combination involving the Corporation or an Affiliate, the recipient is otherwise eligible to receive the Award and
the terms of the award are consistent with the Plan and Applicable Laws (including, to the extent necessary, the federal securities laws registration provisions and Code Section 424(a)). 

(d) The individual, being otherwise eligible under this Section 6, is selected by the Administrator as an individual to whom an
Award shall be granted (as defined above, a “Participant”). 
  

	7.	Options 

 (a)
Grant of Options: Subject to the provisions of the Plan, the Administrator may in its sole and absolute discretion grant Options to such eligible individuals in such numbers, subject to such terms and conditions, and at such times as the
Administrator shall determine. Both Incentive Options and Nonqualified Options may be granted under the Plan, as determined by the Administrator; provided, however, that Incentive Options may only be granted to Employees of the Corporation or a
Subsidiary. To the extent that an Option is designated as an Incentive Option but does not qualify as such under Code Section 422, the Option (or portion thereof) shall be treated as a Nonqualified Option. 

(b) Option Price: The Option Price shall be established by the Administrator and stated in the Option Agreement evidencing the
grant of the Option; provided, that the Option Price of an Option shall not be less than 100% of the Fair Market Value per share of the Common Stock on the date the Option is granted (or 110% of the Fair Market Value with respect to Incentive
Options granted to an Employee who owns stock possessing more than 10% of the total voting power of all classes of stock of the Corporation or a Parent or Subsidiary, including shares that the individual is deemed to own under Code
Section 424(d)). Notwithstanding the foregoing, the Administrator may in its discretion authorize the grant of substitute or assumed options of an acquired entity with an Option Price not equal to at least 100% of the Fair Market Value of the
stock on the date of grant, if the option price of any such assumed or substituted option was at least equal to 100% of the fair market value of the underlying stock on the original date of grant and if the terms of such assumed or substituted
options otherwise comply with Code Section 409A. 
 (c) Date of Grant: An Option shall be considered to be granted on the
date that the Administrator acts to grant the Option, or such other date as may be established by the Administrator in accordance with Applicable Laws. 
 (d) Option Period: 
 (i) The Option Period shall be
determined by the Administrator at the time the Option is granted and shall be stated in the Option Agreement. The Option Period shall not extend more than 10 years from the date on which the Option is granted (or five years with respect to
Incentive Options granted to an Employee who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Corporation or a Parent or Subsidiary, including shares that the individual is deemed to own under
Code Section 424(d)). Any Option or portion thereof not exercised before expiration of the Option Period shall terminate. The period or periods during which, and conditions pursuant to which, an Option may become exercisable shall be determined
by the Administrator in its discretion, subject to the terms of the Plan. 

  
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 (ii) An Option may be exercised by giving written notice to the Corporation
in form acceptable to the Administrator at such place and subject to such conditions as may be established by the Administrator or its designee. Such notice shall specify the number of shares to be purchased pursuant to an Option and the aggregate
purchase price to be paid therefor and shall be accompanied by payment of such purchase price. The total number of shares that may be acquired upon exercise of an Option shall be rounded down to the nearest whole share. Unless an Option Agreement
provides otherwise, such payment shall be in the form of cash or cash equivalent; provided that, where permitted by the Administrator and Applicable Laws (and subject to such terms and conditions as may be established by the Administrator), payment
may also be made: 
 (A) By delivery (by either actual delivery or attestation) of shares of Common Stock owned
by the Participant for such time period (not to be less than six (6) months prior to the date of exercise), as may be determined by the Administrator and otherwise acceptable to the Administrator; 

(B) By shares of Common Stock withheld upon exercise; 

(C) With respect only to purchases upon exercise of an Option after a public market for the Common Stock exists, by
delivery of written notice of exercise to the Corporation and delivery to a broker of written notice of exercise and irrevocable instructions to promptly deliver to the Corporation the amount of sale or loan proceeds to pay the Option Price;

 (D) By such other payment methods as may be approved by the Administrator and which are acceptable under
Applicable Laws; or 
 (E) By any combination of the foregoing methods. 

Shares tendered or withheld in payment on the exercise of an Option shall be valued at their Fair Market Value on the date of exercise.
For the purposes of the Plan, a “public market” for the Common Stock shall be deemed to exist (i) upon consummation of a public offering of the Common Stock pursuant to an effective registration statement under the Securities Act, or
(ii) if the Administrator otherwise determines that there is an established public market for the Common Stock. 
 (iii) Unless the Administrator determines otherwise, no Option granted to a Participant who was an Employee at the time of grant shall be exercised unless the Participant is, at the time of exercise, an
Employee as described in Section 6(a), and has been an Employee continuously since the date the Option was granted, subject to the following: 
 (A) The employment relationship of a Participant shall be treated as continuing intact for any period that the Participant is on military or sick leave or other bona fide leave of absence, provided that
the period of such leave does not exceed 90 days, or, if longer, as long as the Participant’s right to reemployment is guaranteed either by statute or by contract. The employment relationship of a Participant shall also be treated as continuing
intact while the Participant is not in active service because of Disability. The Administrator shall have sole authority to determine whether a Participant is disabled and, if applicable, the Participant’s Termination Date. 

  
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 (B) Unless the Administrator determines otherwise (subject to any
requirements imposed under Code Section 409A), if the employment of a Participant is terminated because of Disability or death, the Option may be exercised only to the extent vested and exercisable on the Participant’s Termination Date,
and the Option must be exercised, if at all, prior to the first to occur of the following, whichever shall be applicable: (X) the close of the one-year period following the Termination Date (or such other period stated in the Option Agreement);
or (Y) the close of the Option Period. In the event of the Participant’s death, such Option shall be exercisable by such person or persons as shall have acquired the right to exercise the Option by will or by the laws of intestate
succession. 
 (C) Unless the Administrator determines otherwise or the Option Agreement states otherwise (each
subject to any requirements imposed under Code Section 409A), if the employment of the Participant is terminated for any reason other than Disability, death or for Cause, his Option may be exercised to the extent vested and exercisable on his
Termination Date, and the Option must be exercised, if at all, prior to the first to occur of the following, whichever shall be applicable: (X) the close of the period of three months next succeeding the Termination Date (or such other period
stated in the Option Agreement); or (Y) the close of the Option Period. If the Participant dies following such termination of employment and prior to the earlier of the dates specified in (X) or (Y) of this subparagraph (C), the
Participant shall be treated as having died while employed under subparagraph (B) (treating for this purpose the Participant’s date of termination of employment as the Termination Date). In the event of the Participant’s death, such
Option shall be exercisable by such person or persons as shall have acquired the right to exercise the Option by will or by the laws of intestate succession. 
 (D) Unless the Administrator determines otherwise, if the employment of the Participant is terminated for Cause, his Option shall lapse and no longer be exercisable as of his Termination Date, as
determined by the Administrator. 
 (E) Notwithstanding the foregoing, the Administrator may (subject to any Code
Section 409A requirements) accelerate the date for exercising all or any part of an Option which was not otherwise exercisable on the Termination Date, extend the period during which an Option may be exercised, modify the terms and conditions
to exercise, or any combination of the foregoing. 
 (iv) Unless the Administrator determines otherwise (subject
to any requirements imposed under Code Section 409A), an Option granted to a Participant who was a Director but who was not an Employee at the time of grant may be exercised only to the extent vested and exercisable on the Participant’s
Termination Date (unless the termination was for Cause), and must be exercised, if at all, prior to the first to occur of the following, as applicable: (X) the close of the period of three months next succeeding the Termination Date (or such
other period stated in the Option Agreement); or (Y) the close of the Option Period. If the services of a Participant are terminated for Cause, his Option shall lapse and no longer be exercisable as of his Termination Date, as determined by the
Administrator. Notwithstanding the foregoing, the Administrator may (subject to any required bank regulatory approvals or Code Section 409A requirements) accelerate the date for exercising all or any part of an Option which was not otherwise
exercisable on the Termination Date, extend the period during which an Option may be exercised, modify the other terms and conditions to exercise, or any combination of the foregoing. 

  
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 (e) Notice of Disposition: If shares of Common Stock acquired upon exercise of an
Incentive Option are disposed of within two years following the date of grant or one year following the transfer of such shares to a Participant upon exercise, the Participant shall, promptly following such disposition, notify the Corporation in
writing of the date and terms of such disposition and provide such other information regarding the disposition as the Administrator may reasonably require. 
 (f) Limitation on Incentive Options: In no event shall there first become exercisable by an Employee in any one calendar year Incentive Options granted by the Corporation or any Parent or
Subsidiary with respect to shares having an aggregate Fair Market Value (determined at the time an Incentive Option is granted) greater than $100,000. To the extent that any Incentive Options are first exercisable by a Participant in excess of such
limitation, the excess shall be considered a Nonqualified Option. 
 (g) Nontransferability: Incentive Options shall not
be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession or, in the Administrator’s discretion, as may otherwise be permitted in accordance with Treas. Reg.
Section 1.421-1(b)(2) or any successor provision thereto. Nonqualified Options shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except as may be permitted
by the Administrator in a manner consistent with the registration provisions of the Securities Act. An Option shall be exercisable during the Participant’s lifetime only by him, by his guardian or legal representative or by a transferee in a
transfer permitted by this Section 7(g). 
  

	8.	Stock Awards and Stock Unit Awards 

 (a) Grant of Stock Awards and Stock Unit Awards. Subject to the provisions of the Plan, the Administrator may in its sole and absolute discretion grant Stock Awards and Stock Unit Awards to such
eligible individuals in such numbers, subject to such terms and conditions, and at such times as the Administrator shall determine. 
 (b) Vesting. 
 (i) The Administrator, on the date of the
grant of a Stock Award or Stock Unit Award, may prescribe that a Participant’s rights in a Stock Award or Stock Unit Award shall be forfeitable or otherwise restricted for a period of time or subject to such conditions as may be set forth in
the Stock Award Agreement or the Stock Unit Award Agreement. By way of example and not of limitation, the Administrator may prescribe that a Participant’s rights in a Stock Award or Stock Unit Award shall be forfeitable or otherwise restricted
subject to continued employment or service for a stated period or the attainment of objectives stated with reference to the Corporation’s, an Affiliate’s or a business unit’s attainment of objectives stated with respect to performance
criteria established by the Administrator, including objectives stated with reference to the performance criteria set forth in Section 8(c). 
 (ii) If the Stock Award Agreement or the Stock Unit Award Agreement provides that the Stock Award or Stock Unit Award will become nonforfeitable, transferable or both subject to a Participant’s
continued employment or service, the employment relationship of the Participant shall be treated as continuing intact for any period that the Participant is on military or sick leave or other bona fide leave of absence, provided that the period of
such leave does not exceed 90 days, or if longer, as long as the Participant’s right to reemployment is guaranteed either by statute or by contract. The employment relationship of a Participant shall also be treated as continuing intact while
the Participant is not in active service because of Disability. The Administrator shall have sole authority to determine whether a Participant is disabled and, if applicable, the Participant’s Termination Date. 

  
 11 

 (iii) Unless the Administrator determines otherwise, if the employment or
service of the Participant is terminated for Cause, his Stock Award and Stock Unit Award shall be forfeited as of his Termination Date, as determined by the Administrator. 

(iv) Notwithstanding the foregoing, the Administrator may (subject to any Code Section 409A requirements) accelerate
the date on which all or any part of a Stock Award or Stock Unit Award shall become nonforfeitable, transferable or both. 
 (c)
Performance Measures. The Administrator may prescribe that Stock Awards or Stock Unit Awards will become nonforfeitable or transferable or both based on performance objectives stated with respect to the Corporation, an Affiliate or a business
unit. The Administrator may, in its discretion, designate whether any Stock Award or Stock Unit Award is intended to be “performance-based compensation” as that term is used in Code Section 162(m). Performance objectives for any Stock
Award or Stock Unit Award, including those designated as “performance-based compensation,” may be based on one or more financial measures stated with reference to economic profit added, contribution added (loans, deposit and portfolio
performance or results), return on equity, earnings per share, total earnings, earnings growth, return on capital, return on assets, asset quality (including classified assets and nonperforming assets) or Fair Market Value. Each goal may be
expressed on an absolute basis or relative to the performance of one or more similarly situated companies or a published index. When establishing performance goals, the Administrator may exclude any or all special, unusual or extraordinary items as
determined under U.S. generally accepted accounting principles including, without limitation, the charges or costs associated with restructurings of the Corporation, discontinued operations, other unusual or non-recurring items, and the cumulative
effects of accounting changes. The Administrator may also adjust the performance goals as it deems equitable in recognition of unusual or non-recurring events affecting the Corporation, changes in applicable tax laws or accounting principles, or
such other factors as the Administrator may determine, including, without limitation, any adjustments that would result in the Company paying non-deductible compensation to a Participant. If the Administrator prescribes that a Stock Award or Stock
Unit Award shall become nonforfeitable or transferable or both only upon the attainment of performance objectives, the Stock Award and Stock Unit Award shall become nonforfeitable or transferable or both only to the extent that the Administrator
certifies that such objectives have been achieved. 
 (d) Settlement of Stock Units. Each Stock Unit Award shall have a
value equal to the Fair Market Value of an equal number of shares of Common Stock. Stock Unit Awards that are earned and become vested in accordance with the terms of the Plan and the applicable Stock Unit Award Agreement shall be paid in cash,
shares of Common Stock or a combination of cash and shares of Common Stock as determined by the Administrator. The date of settlement, i.e., the date on which the amount payable for Stock Unit Awards that are earned and become vested shall be
paid, will be set forth in the Stock Unit Award Agreement. 
 (e) Dividend Equivalents. A Stock Unit Award may be granted
with or without the right to receive dividend equivalents. A “dividend equivalent” is the right to receive a payment or benefit based on the cash dividends paid on an equal number of shares of Common Stock during the period beginning on
the date of the grant of the Stock Unit Award and ending on the date that the Stock Unit Award is settled. At the Administrator’s discretion, but subject to Section 14(a)(iii), dividend equivalents may be paid on the same date that
dividends on the Common Stock are paid or the payment may be postponed until the date or dates set forth in the Stock Unit Award Agreement. 
 (f) Nontransferability. Stock Awards shall not be transferable (including by sale, assignment, pledge or hypothecation) during the period that the Stock Award is forfeitable or nontransferable in
accordance with the terms of the Stock Award Agreement. Stock Unit Awards shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except as may be permitted by the
Administrator in a manner consistent with the registration provisions of the Securities Act. 

  
 12 

	9.	Incentive Awards 

(a) Grant of Incentive Awards. Subject to the provisions of the Plan, the Administrator may in its sole and absolute discretion
grant Incentive Awards to such eligible Employees subject to such terms and conditions, and at such times, as the Administrator shall determine. Notwithstanding the foregoing, no Participant may receive an Incentive Award payment in any calendar
year that exceeds the lesser of (i) 200% of the Employee’s base salary (prior to any salary reduction or deferral elections) as of the date of grant of the Incentive Award or (ii) $600,000. 

(b) Terms and Conditions. The Administrator, at the time an Incentive Award is made, shall specify the terms and conditions that
govern the Incentive Award. Such terms and conditions may prescribe that the Incentive Award shall be earned only to the extent that the Participant, the Corporation or a Subsidiary, during a performance period of at least one year, achieves
objectives stated with reference to one or more performance measures or criteria prescribed by the Administrator, including the attainment of objectives stated with respect to one or more of the performance measures described in Section 8(c).
Such terms and conditions also may include other limitations on the payment of Incentive Awards including, by way of example and not of limitation, requirements that the Participant complete a specified period of employment with the Corporation or a
Subsidiary or that the Corporation, a Subsidiary or the Participant attain stated objectives or goals (in addition to those prescribed in accordance with the preceding sentence) as a prerequisite to payment under an Incentive Award. 

(c) Nontransferability. Incentive Awards shall not be transferable (including by sale, assignment, pledge or hypothecation) except
by will or the laws of intestate succession. 
 (d) Employee Status. If the terms of an Incentive Award provide that
payment will be made thereunder only if the Participant completes a stated period of employment or continued service, the Administrator may decide to what extent leaves of absence for governmental or military service, illness, temporary disability
or other reasons shall not be deemed interruptions of continuous employment or service. 
 (e) Settlement. The amount
payable under all Incentive Awards shall be finally determined by the Administrator. An Incentive Award that is earned shall be settled with a single lump sum payment which may be in cash, Common Stock or a combination of cash and Common Stock, as
determined by the Administrator. 
  

	10.	No Right or Obligation of Continued Employment or Service 

 Neither the Plan, the grant of an Award nor any other action related to the Plan shall confer upon the Participant any right to continue in the service of the Corporation, a Parent or a Subsidiary as an
Employee or Director or to interfere in any way with the right of the Corporation, a Parent or a Subsidiary to terminate the Participant’s employment or service at any time. Except as otherwise provided in the Plan, an Award Agreement or as may
be determined by the Administrator, all rights of a Participant with respect to an Award shall terminate upon the termination of the Participant’s employment or service. 

  
 13 

	11.	Amendment and Termination of the Plan and Awards 

 (a) Amendment and Termination of Plan: The Plan may be amended, altered and/or terminated at any time by the Board; provided, that (i) approval of an amendment to the Plan by the shareholders
of the Corporation shall be required to the extent, if any, that shareholder approval of such amendment is required by Applicable Laws; and (ii) except for adjustments made pursuant to Section 5(e), without the approval of shareholders the
Option Price for any outstanding Option may not be decreased after the date of grant, nor may any outstanding Option be surrendered to the Corporation as consideration for the grant of a new Option with a lower Option Price than the original Option
and no payment shall be made in cancellation of an Option if, on the date of cancellation, the Option Price per share exceeds Fair Market Value. 
 (b) Amendment and Termination of Awards: The Administrator may amend, alter or terminate any Award granted under the Plan, prospectively or retroactively, but such amendment, alteration or
termination of an Award shall not, without the consent of the recipient of an outstanding Award, materially adversely affect the rights of the recipient with respect to the Award. 

(c) Unilateral Authority of Administrator to Modify Plan and Awards: Notwithstanding any other provision of the Plan, the
following provisions shall apply: 
 (i) The Administrator shall have unilateral authority to amend the Plan and
any Award (without Participant consent and without shareholder approval, unless such shareholder approval is required by Applicable Laws) to the extent necessary to comply with, or qualify for exemption from, the requirements of Applicable Laws or
changes to Applicable Laws (including but not limited to Code Section 409A, Code Section 422 and federal securities laws). 
 (ii) The Administrator shall have unilateral authority to make adjustments to the terms and conditions of Awards in recognition of unusual or nonrecurring events affecting the Corporation, a Parent or a
Subsidiary, or the financial statements of the Corporation, a Parent or a Subsidiary, or of changes in accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable accounting principles. 
  

	12.	Restrictions on Issuance of Shares 

 (a) General: As a condition to the issuance and delivery of Common Stock hereunder, or the grant of any benefit pursuant to the Plan, the Corporation may require a Participant or other person to
become a party to an Award Agreement, any shareholders agreement, other agreement(s) restricting the transfer, purchase or repurchase of shares of Common Stock of the Corporation, voting agreement and/or any employment agreements, consulting
agreements, non-competition agreements, confidentiality agreements, non-solicitation agreements or other agreements imposing such restrictions as may be required by the Corporation. In addition, without in any way limiting the effect of the
foregoing, each Participant or other holder of shares issued under the Plan shall be permitted to transfer such shares only if such transfer is in accordance with the terms of the Plan, the Award Agreement, any shareholders agreement and any other
applicable agreements. The acquisition of shares of Common Stock under the Plan by a Participant or any other holder of shares shall be subject to, and conditioned upon, the agreement of the Participant or other holder of such shares to the
restrictions described in the Plan, the Award Agreement, any shareholders agreement and any other applicable agreements. 
 (b)
Compliance with Applicable Laws: The Corporation may impose such restrictions on Awards, shares and any other benefits underlying Awards hereunder as it may deem advisable, including without limitation, restrictions under the federal
securities laws, the requirements of any stock exchange or similar organization and any blue sky, state or foreign securities laws applicable to such securities. Notwithstanding any other Plan provision to the contrary, the Corporation shall not be
obligated to issue, deliver or transfer shares of Common Stock under the Plan, make any other distribution of benefits under the Plan, or take any other action, unless such delivery, distribution or action is in compliance with all Applicable Laws
(including but not limited to the requirements of the Securities Act). The Corporation may cause a restrictive legend to be placed on any certificate issued pursuant to an Award hereunder in such form as may be prescribed from time to time by
Applicable Laws or as may be advised by legal counsel. 

  
 14 

	13.	Change in Control 

(a) The Administrator shall have sole discretion to determine the effect, if any, on an Award, including but not limited to the vesting,
earning and/or exercisability of an Award, in the event of a Change in Control. Without limiting the effect of the foregoing, in the event of a Change in Control, the Administrator’s discretion shall include, but shall not be limited to, the
discretion to determine that an Award shall vest, be earned or become exercisable in whole or in part, shall be assumed or substituted for another award, shall be cancelled in exchange for a cash payment or other consideration, and/or that other
actions (or no action) shall be taken with respect to the Award. The Administrator also has discretion to determine that acceleration or any other effect of a Change in Control on an Award shall be subject to both the occurrence of a Change in
Control event and termination of employment or service of the Participant. Any such determination of the Administrator may be, but shall not be required to be, stated in an individual Award Agreement. 

(b) The benefits that a Participant may be entitled to receive under this Plan and other benefits that a Participant is entitled to
receive under other plans, agreements and arrangements (which, together with the benefits provided under this Plan, as referred to as “Payments”), may constitute Parachute Payments that are subject to Code Sections 280G and 4999. As
provided in this Section 13, the Parachute Payments will be reduced if, and only to the extent that, a reduction will allow a Participant to receive a greater Net After Tax Amount than a Participant would receive absent a reduction. 

(i) The Accounting Firm will first determine the amount of any Parachute Payments that are payable to a Participant. The
Accounting Firm also will determine the Net After Tax Amount attributable to the Participant’s total Parachute Payments. 
 (ii) The Accounting Firm will next determine the largest amount of Payments that may be made to the Participant without subjecting the Participant to tax under Code Section 4999 (the “Capped
Payments”). Thereafter, the Accounting Firm will determine the Net After Tax Amount attributable to the Capped Payments. 
 (iii) The Participant will receive the total Parachute Payments or the Capped Payments, whichever provides the Participant with the higher Net After Tax Amount. If the Participant will receive the Capped
Payments, the total Parachute Payments will be adjusted by reducing the Parachute Payments in the following order of priority: (i) first from the amount of any cash benefits under this Plan or any other plan, agreement or arrangement,
(ii) next from equity compensation, then (iii) pro rata among all remaining payments; provided, however, that payments that are not subject to Code Section 409A shall be reduced before any payments that are subject to Code
Section 409A are reduced. The Accounting Firm will notify the Participant and the Corporation if it determines that the Parachute Payments must be reduced to the Capped Payments and will send the Participant and the Corporation a copy of its
detailed calculations supporting that determination. 
 (iv) As a result of the uncertainty in the application of
Code Sections 280G and 4999 at the time that the Accounting Firm makes its determinations under this Section 13, it is possible that amounts will have been paid or distributed to the Participant that should not have been paid or distributed
under this Section 13 (“Overpayments”), or that additional amounts should be paid or distributed to the Participant under this Section 13 (“Underpayments”). If the Accounting Firm determines, based on either the
assertion of a deficiency by the Internal Revenue Service against the Corporation or the Participant, which assertion the Accounting Firm believes has a high probability of success or controlling precedent or substantial authority, that an
Overpayment has been made, the Participant must repay to the Corporation, without interest; provided, however, that no loan will be deemed to have been made and no amount will be payable by the Participant to the Corporation unless, and then only to
the extent that, the deemed loan and payment would either reduce the amount on which the Participant is subject to tax under Code Section 4999 or generate a refund of tax imposed under Code Section 4999. If the Accounting Firm determines,
based upon controlling precedent or substantial authority, that an Underpayment has occurred, the Accounting Firm will notify the Participant and the Corporation of that determination and the amount of that Underpayment will be paid to the
Participant promptly by the Corporation. 

  
 15 

 For purposes of this Section 13, the term “Accounting Firm”
means the independent accounting firm engaged by the Corporation immediately before the Control Change Date. For purposes of this Section 13, the term “Net After Tax Amount” means the amount of any Parachute Payments or Capped
Payments, as applicable, net of taxes imposed under Code Sections 1, 3101(b) and 4999 and any State or local income taxes applicable to the Participant on the date of payment. The determination of the Net After Tax Amount shall be made using the
highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment. For purposes of this Section 13, the term
“Parachute Payment” means a payment that is described in Code Section 280G(b)(2), determined in accordance with Code Section 280G and the regulations promulgated or proposed thereunder. 

(c) The limitations and provisions of Section 13(b) shall not apply to any Participant who has an employment, consulting or other
agreement with the Corporation that addresses the impact of Code Sections 280G and 4999 on any Parachute Payments that the Participant may be entitled to receive. 
  

	14.	General Provisions 

(a) Shareholder Rights: 
 (i) Except as otherwise determined by the Administrator, a Participant and his legal representatives, legatees or distributees shall not be deemed to be the holder of any shares subject to an Option,
Stock Unit Award or Incentive Award and shall not have any rights of a shareholder unless and until the Option has been exercised and the Option Price has been paid or the Stock Unit Award or Incentive Award has been earned and settled by the
issuance of shares of Common Stock. A certificate or certificates for shares of Common Stock acquired upon exercise of an Option or the settlement of a Stock Unit Award or an Incentive Award shall be promptly issued in the name of the Participant
(or the holder of the Option, Stock Unit Award or Incentive Award as provided in Section 7(g), 8(f) or Section 9) and distributed to the Participant (or such holder) as soon as practicable following receipt of notice of exercise and
payment of the Option Price (except as may otherwise be determined by the Corporation in the event of payment 

  
 16 

 
of the Option Price pursuant to Section 7(d)(ii)(C)) or upon settlement of the Stock Unit Award or Incentive Award. In no event will the delivery of cash or shares of Common Stock (as the
case may be) pursuant to the exercise of Options be delayed in a manner that would cause the Option to be construed to involve the deferral of compensation under Code Section 409A. 

(ii) Except as otherwise determined by the Administrator, while shares of Common Stock granted pursuant to a Stock Award
may be forfeited or are nontransferable, a Participant will have all the rights of a shareholder with respect to the Stock Award, including the right to receive dividends and vote the shares; provided, however, that during such period
(x) a Participant may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of shares granted pursuant to a Stock Award, (y) the Company shall retain custody of the certificates evidencing the shares granted
pursuant to a Stock award and (z) the Participant will deliver to the Corporation a stock power, endorsed in blank, with respect to each Stock Award. The limitations set forth in the preceding sentence shall not apply after the shares
granted under the Stock Award are transferable and no longer forfeitable. 
 (iii) Notwithstanding any other
provision of the Plan, if a Stock Award or Stock Unit Award will not become nonforfeitable and transferable solely on account of continued employment or service, any dividends payable on Common Stock subject to a Stock Award and any dividend
equivalents awarded under a Stock Unit Award shall be distributed only when, and to the extent that, the underlying Stock Award or Stock Unit Award is nonforfeitable and transferable and the Administrator may provide that such dividends or dividend
equivalents shall be deemed to have been reinvested in additional shares of Common Stock. 
 (b)
Withholding: The Corporation shall withhold all required local, state, federal, foreign and other taxes and any other amount required to be withheld by any governmental authority or law from any amount payable in cash with
respect to an Award. Prior to the delivery or transfer of any certificate for shares or any other benefit conferred under the Plan, the Corporation shall require any Participant or permitted transferee under the Plan to pay to the Corporation in
cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Corporation to such authority for the account of such recipient. Notwithstanding the foregoing, the Administrator may establish
procedures to permit a recipient to satisfy such obligation in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to an Award, by electing (the “election”) to have the Corporation withhold
shares of Common Stock from the shares to which the recipient is entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to (but not
exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator.  

(c) Section 16(b) Compliance: If and to the extent that any Participants in the Plan are subject to Section 16(b) of the
Exchange Act, it is the general intention of the Corporation that transactions under the Plan shall comply with Rule 16b-3 under the Exchange Act and that the Plan shall be construed in favor of such Plan transactions meeting the requirements of
Rule 16b-3 or any successor rules thereto. Notwithstanding anything in the Plan to the contrary, the Administrator, in its sole and absolute discretion, may bifurcate the Plan so as to restrict, limit or condition the use of any provision of the
Plan to Participants who are officers or directors subject to Section 16 of the Exchange Act without so restricting, limiting or conditioning the Plan with respect to other Participants. 

  
 17 

 (d) Unfunded Plan; No Effect on Other Plans: 

(i) The Plan shall be unfunded, and the Corporation shall not be required to create a trust or segregate any assets that
may at any time be represented by Awards under the Plan. The Plan shall not establish any fiduciary relationship between the Corporation and any Participant or other person. Neither a Participant nor any other person shall, by reason of the Plan,
acquire any right in or title to any assets, funds or property of the Corporation or any Affiliate, including, without limitation, any specific funds, assets or other property which the Corporation or a Parent or Subsidiary, in their discretion, may
set aside in anticipation of a liability under the Plan. A Participant shall have only a contractual right to the Common Stock or other amounts, if any, payable under the Plan, unsecured by any assets of the Corporation or a Parent or Subsidiary.
Nothing contained in the Plan shall constitute a guarantee that the assets of such entities shall be sufficient to pay any benefits to any person. 
 (ii) The amount of any compensation deemed to be received by a Participant pursuant to an Award shall not constitute compensation with respect to which any other employee benefits of such Participant are
determined, including, without limitation, benefits under any bonus, pension, profit sharing, life insurance or salary continuation plan, except as otherwise specifically provided by the terms of such plan or as may be determined by the
Administrator. 
 (iii) The adoption of the Plan shall not affect any other stock incentive or other compensation
plans in effect for the Corporation or any Affiliate, nor shall the Plan preclude the Corporation from establishing any other forms of stock incentive or other compensation for employees or service providers of the Corporation or any Affiliate.

 (e) Applicable Law: The Plan shall be governed by and construed in accordance with the laws of the Commonwealth of
Virginia, without regard to the conflict of laws provisions of any state, and in accordance with applicable federal laws of the United States. 
 (f) Gender and Number: Except where otherwise indicated by the context, words in any gender shall include any other gender, words in the singular shall include the plural and words in the plural
shall include the singular. 
 (g) Severability: If any provision of the Plan shall be held illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

(h) Rules of Construction: Headings are given to the sections of this Plan solely as a convenience to facilitate reference. The
reference to any statute, regulation or other provision of law shall be construed to refer to any amendment to or successor of such provision of law. 
 (i) Successors and Assigns: The Plan shall be binding upon the Corporation, its successors and assigns, and Participants, their executors, administrators and permitted transferees and
beneficiaries. 
 (j) Right of Offset: Notwithstanding any other provision of the Plan or an Award Agreement, the
Corporation may reduce the amount of any payment or benefit otherwise payable to or on behalf of a Participant by the amount of any obligation of the Participant to or on behalf of the Corporation that is or becomes due and payable. 

(k) Effect of Changes in Status: The Administrator has sole discretion to determine, subject to Code Section 409A, at the
time of grant of an Award or at any time thereafter, the effect, if any, on Awards granted to a Participant (including, but not limited to, the vesting, exercisability and/or earning 

  
 18 

 
of Awards) if the Participant’s status as an Employee or Director changes, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in
the nature or scope of the Participant’s employment or service occur. 
 (l) Shareholder Approval: The Plan,
as amended and restated herein, is subject to approval by the shareholders of the Corporation, which approval must occur, if at all, within 12 months of the date that the Plan, as amended and restated herein, is adopted by the Board.

 (m) Fractional Shares: Except as otherwise provided in an Award Agreement or determined by
the Administrator, (i) the total number of shares issuable pursuant to the exercise of an Option shall disregard any fractional share covered by the Option, and (ii) no fractional shares shall be issued in connection with any Award. The
Administrator may, in its discretion, determine that a fractional share shall be settled in cash. 

  
 19EX-10.05

 EXHIBIT 10.05 

GLU MOBILE INC. 
 2008 Equity Inducement Plan 
 (adopted by the Committee on March 13,
2008) 
 (as amended and restated through November 13, 2012) 

1. PURPOSE. The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons whose
potential contributions are important to the success of the Company, and any Parents and Subsidiaries that exist now or in the future, by offering them an opportunity to participate in the Company’s future performance through the grant of
Awards. Capitalized terms not defined elsewhere in the text are defined in Section 19. 
 2. SHARES SUBJECT TO THE
PLAN. 
 2.1 Number of Shares Available. Subject to Section 2.3 and any other applicable provisions hereof,
the total number of Shares reserved and available for grant and issuance pursuant to this Plan is the aggregate of (1) 600,000 Shares reserved as of the Effective Date of the Plan, (2) an additional 819,245 Shares reserved as of
December 28, 2009, (3) an additional 1,050,000 Shares reserved as of August 1, 2011 and (4) an additional 300,000 Shares reserved as of November 13, 2012, plus Shares subject to Awards, and Shares issued upon exercise of
Awards, will again be available for grant and issuance in connection with subsequent Awards under this Plan to the extent such Shares: (i) are subject to issuance upon exercise of an Option granted under this Plan but which cease to be subject
to the Option for any reason other than exercise of the Option; (ii) are subject to Awards granted under this Plan that are forfeited or are repurchased by the Company at the original issue price; (iii) are surrendered pursuant to an
Exchange Program; or (iv) are subject to Awards granted under this Plan that otherwise terminate without such Shares being issued. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an
Award will become available for future grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the
Plan. 
 2.2 Minimum Share Reserve. At all times the Company shall reserve and keep available a sufficient number of
Shares as shall be required to satisfy the requirements of all outstanding Awards granted under this Plan and all other outstanding but unvested Awards granted under this Plan. 
 2.3 Adjustment of Shares. If the number of outstanding Shares is changed by a stock dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or
similar change in the capital structure of the Company, without consideration, then (a) the number of Shares reserved for issuance and future grant under the Plan set forth in Section 2.1 and (b) the Exercise Prices of and number of
Shares subject to outstanding Awards, shall be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance with applicable securities laws; provided that fractions of a Share will not be
issued. 
 3. ELIGIBILITY. Awards may be granted only to persons who (a) were not previously an employee or
director of the Company or any Parent or Subsidiary of the Company or (b) have completed a period of bona fide non-employment by the Company, and any Parent or Subsidiary of the Company; and then only as an incentive material to such persons
entering into employment with the Company or any Parent or Subsidiary of the Company. A person eligible for an Award under this Plan may be granted more than one Award under this Plan. 

 4. ADMINISTRATION. 

4.1 Committee Composition; Authority. This Plan will be administered by the Committee or by the Board acting as the Committee.
Subject to the general purposes, terms and conditions of this Plan, and to the direction of the Board, the Committee will have full power to implement and carry out this Plan. Notwithstanding the foregoing, the grant of any Award shall not be
effective unless: (i) if the grant is made by the Board, then it must be approved by a majority of the Outside Directors on the Board; and (ii) if the grant is made by the Committee, then the Committee must be comprised solely of Outside
Directors (except as otherwise permitted under the rules of the NASD). The Committee will have the authority to: 
 (a) construe
and interpret this Plan, any Award Agreement and any other agreement or document executed pursuant to this Plan; 
 (b)
prescribe, amend and rescind rules and regulations relating to this Plan or any Award; 
 (c) select persons to receive Awards;

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

(h) grant waivers of Plan or Award conditions; 
 (i) determine the vesting, exercisability and payment of Awards; 
 (j) correct any
defect, supply any omission or reconcile any inconsistency in this Plan, any Award or any Award Agreement; 
 (k) determine
whether an Award has been earned; 
 (l) determine the terms and conditions of any, and to institute any Exchange Program;

 (m) reduce or waive any criteria with respect to Performance Factors; 

(n) adjust Performance Factors to take into account changes in law and accounting or tax rules as the Committee deems necessary or
appropriate; and 
 (o) make all other determinations necessary or advisable for the administration of this Plan. 

  
 2 

 4.2 Committee Interpretation and Discretion. Any determination made by the
Committee with respect to any Award shall be made in its sole discretion at the time of grant of the Award or, unless in contravention of any express term of the Plan or Award, at any later time, and such determination shall be final and binding on
the Company and all persons having an interest in any Award under the Plan. Any dispute regarding the interpretation of the Plan or any Award Agreement shall be submitted by the Participant or Company to the Committee for review. The resolution of
such a dispute by the Committee shall be final and binding on the Company and the Participant. The Committee may delegate to one or more executive officers the authority to review and resolve disputes with respect to Awards held by Participants who
are not Insiders, and such resolution shall be final and binding on the Company and the Participant. 
 4.3 Section 16 of
the Exchange Act. Awards granted to Insiders must be approved by two or more “non-employee directors” (as defined in the regulations promulgated under Section 16 of the Exchange Act). 

5. OPTIONS. The Committee may grant Options to Participants, which will be Nonqualified Stock Options
(“NQSOs”) and will determine the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may be exercised, and all other terms and conditions of the Option, subject to the
following: 
 5.1 Option Grant. Each Option granted under this Plan will be an NQSO. An Option may be, but need not be,
awarded upon satisfaction of such Performance Factors during any Performance Period as are set out in advance in the Participant’s individual Award Agreement. If the Option is being earned upon the satisfaction of Performance Factors, then the
Committee will: (x) determine the nature, length and starting date of any Performance Period for each Option; and (y) select from among the Performance Factors to be used to measure the performance, if any. Performance Periods may overlap
and Participants may participate simultaneously with respect to Options that are subject to different performance goals and other criteria. 
 5.2 Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant such Option, or a specified future date. The Award Agreement and a copy of
this Plan will be delivered to the Participant within a reasonable time after the granting of the Option. 
 5.3 Exercise
Period. Options may be exercisable within the times or upon the conditions as set forth in the Award Agreement governing such Option; provided, however, that no Option will be exercisable after the expiration of six (6) years
from the date the Option is granted. The Committee also may provide for Options to become exercisable at one time or from time to time, periodically or otherwise, in such number of Shares or percentage of Shares as the Committee determines.

 5.4 Exercise Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted.
Payment for the Shares purchased may be made in accordance with Section 6. The Exercise Price of a NQSO may be less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant in the Committee’s discretion.

 5.5 Method of Exercise. Any Option granted hereunder will be exercisable according to the terms of the Plan and at such
times and under such conditions as determined by the Committee and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. An Option will be deemed exercised when the Company receives: (i) notice of exercise
(in such form as the Committee may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full
payment may consist of any consideration and method of payment authorized by the Committee and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant. Until the Shares
are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares,
notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date
the Shares are issued, except as provided in Section 2.3 of the Plan. Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of
Shares as to which the Option is exercised. 

  
 3 

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

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

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

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

(b) by surrender of shares of the Company held by the Participant that have a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which said Award will be exercised or settled; 

  
 4 

 (c) by waiver of compensation due or accrued to the Participant for services rendered or to
be rendered to the Company or a Parent or Subsidiary of the Company; 
 (d) by consideration received by the Company pursuant to
a broker-assisted and/or same day sale (or other) cashless exercise program implemented by the Company in connection with the Plan; 
 (e) by any combination of the foregoing; or 
 (f) by any other method of payment
as is permitted by applicable law. 
 7. WITHHOLDING TAXES. 

7.1 Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may
require the Participant to remit to the Company an amount sufficient to satisfy applicable federal, state, local and international withholding tax requirements prior to the delivery of Shares pursuant to exercise of any Award. Whenever payments in
satisfaction of Awards granted under this Plan are to be made in cash, such payment will be net of an amount sufficient to satisfy applicable federal, state, local and international withholding tax requirements. 

7.2 Stock Withholding. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time,
may require or permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair
Market Value equal to the minimum statutory amount required to be withheld, or (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld. The Fair Market Value
of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 
 8.
TRANSFERABILITY. Unless determined otherwise by the Committee, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution. If the
Committee makes an Award transferable, such Award will contain such additional terms and conditions as the Committee deems appropriate. All Awards shall be exercisable: (i) during the Participant’s lifetime only by (A) the
Participant, or (B) the Participant’s guardian or legal representative; and (ii) after the Participant’s death, by the legal representative of the Participant’s heirs or legatees 

9. PRIVILEGES OF STOCK OWNERSHIP; VOTING AND DIVIDENDS. No Participant will have any of the rights of a shareholder with
respect to any Shares until the Shares are issued to the Participant. After Shares are issued to the Participant, the Participant will be a shareholder and have all the rights of a shareholder with respect to such Shares, including the right to vote
and receive all dividends or other distributions made or paid with respect to such Shares. 
 10. CERTIFICATES.
All certificates for Shares or other securities delivered under this Plan will be subject to such stock transfer orders, legends and other restrictions as the Committee may deem necessary or advisable, including restrictions under any applicable
federal, state or foreign securities law, or any rules, regulations and other requirements of the SEC or any stock exchange or automated quotation system upon which the Shares may be listed or quoted. 

11. ESCROW; PLEDGE OF SHARES. To enforce any restrictions on a Participant’s Shares, the Committee may require the
Participant to deposit all certificates representing Shares, together with stock powers or other instruments of transfer approved by the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in
escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. Any Participant who is permitted to execute a promissory note as partial or
full consideration for the purchase of Shares under this Plan will be required to pledge and deposit with the Company all or part of the Shares so purchased as collateral to secure the payment of the Participant’s obligation to the Company
under the promissory note; provided, however, that the Committee may require or accept other or additional forms of collateral to secure the payment of such obligation and, in any event, the Company will have full recourse against the
Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection with any pledge of the Shares, the Participant will be required to execute and deliver a written pledge agreement in
such form as the Committee will from time to time approve. The Shares purchased with the promissory note may be released from the pledge on a pro rata basis as the promissory note is paid. 

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

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

  
 6 

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

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

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

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

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

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

  
 7 

 “Corporate Transaction” means the occurrence of
any of the following events: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of
securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then-outstanding voting securities; (ii) the consummation of the sale or disposition by the Company of all or
substantially all of the Company’s assets; or (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 
 “Director” means a member of the Board. 

“Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code,
provided, however, that the Committee in its discretion may determine whether a total and permanent disability exists in accordance with non-discriminatory and uniform standards adopted by the Committee from time to time, whether temporary or
permanent, partial or total, as determined by the Committee.  
 “Effective Date” means
the expiration of the fifteen (15) day waiting period following the adoption of the Plan by the Committee, as set forth in Section 12. 
 “Employee” means any person, including Officers, employed by the Company or any Parent or Subsidiary of the Company and who meets the eligibility requirements as set forth in
Section 3. 
 “Exchange Act” means the United States Securities Exchange Act of 1934, as amended.

 “Exercise Price” means the price at which a holder of an Award may purchase the Shares issuable upon
exercise of an Award. 
 “Exchange Program” means a program pursuant to which outstanding Awards are
surrendered, cancelled or exchanged for cash, the same type of Award or a different Award (or combination thereof). 

“Fair Market Value” means, as of any date, the value of a share of the Company’s Common Stock determined as
follows: 
 (a) if such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price
on the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal or such other source as the Board or the Committee deems reliable;

 (b) if such Common Stock is publicly traded but is neither listed nor admitted to trading on a national securities exchange,
the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal or such other source as the Board or the Committee deems reliable; or 

(c) if none of the foregoing is applicable, by the Board or the Committee in good faith. 

“Insider” means an officer or director of the Company or any other person whose transactions in the
Company’s Common Stock are subject to Section 16 of the Exchange Act. 
 “Option” means an
award of an option to purchase Shares pursuant to Section 5. 
 “Outside Director” means a Director
who is not an Employee of the Company or any Parent or Subsidiary and who is an “independent” director under the rules of the Nasdaq Stock Market, as may be amended from time to time. 

  
 8 

 “Parent” means any corporation (other than the Company) in an
unbroken chain of corporations ending with the Company if each of such corporations other than the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain. 
 “Participant” means a newly hired Employee who receives an Award under
this Plan at the time of his or her employment. The term “Participant” shall include individuals who were previously employed by the Company, or any Parent or Subsidiary of the Company, who have undergone a bona fide period of
non-employment by the Company. The term “Participant” shall also include individuals who become Employees of the Company, or any Parent or Subsidiary of the Company, as the result of a merger or acquisition. 

“Performance Factors” means the factors selected by the Committee, which may include, but
are not limited to the, the following measures (whether or not in comparison to other peer companies) to determine whether the performance goals established by the Committee and applicable to Awards have been satisfied:  

 

	 	•	Net revenue and/or net revenue growth; 

  

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

  

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

 

	 	•	Operating income and/or operating income growth; 

  

	 	•	Net income and/or net income growth; 

  

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

  

	 	•	Return on equity; 

  

	 	•	Operating cash flow return on income; 

  

	 	•	Adjusted operating cash flow return on income; 

  

	 	•	Economic value added; 

  

	 	•	Individual business objectives; and 

  

	 	•	Company specific operational metrics. 

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

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

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

“Shares” means shares of the Company’s Common Stock, as adjusted pursuant to Sections 2 and 14, and any
successor security. 

  
 9 

 “Subsidiary” means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain. 
 “Termination” or
“Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee of the Company or a Parent or Subsidiary of the Company. An
employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not
more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in
writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it
may deem appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to be
employed and the effective date on which the Participant ceased to be so employed (the “Termination Date”). 

  
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