AMENDED AND RESTATED STOCK OPTION AGREEMENT
For 1,000,000 Shares
ACTIVISION BLIZZARD, INC.
THIS STOCK OPTION AGREEMENT (THIS “OPTION AGREEMENT”) CERTIFIES that on
June 15, 2005 (the “Issuance Date”), Michael Griffith (the “Holder”) was granted an option (the “Option”) to
purchase at the option price of $17.12 per share, all or any part of 1,000,000 fully paid and non-assessable
shares (“Shares”) of common stock, par value $.000001 per share, of ACTIVISION BLIZZARD, INC., a
Delaware corporation (the “Company”), upon and subject to the following terms and conditions:
1. General Terms of the Option.
(a) The Option was granted as of June 15, 2005, as a material inducement to the Holder’s entering
into employment with the Company pursuant to an employment agreement dated June 15, 2005, and is being
amended in connection with the amendment of such employment agreement dated December 1, 2007 (as so
amended, the “Employment Agreement”), effective as of the Consummation Date (as defined in the Employment
Agreement). As amended, the Option is to purchase all or any part of 1,333,334 Shares at the option price of
$12.34 per Share upon and subject to the terms and conditions set forth in this Option Agreement, which
represents the original option price and number of Shares subject to the Option, as adjusted in each case for each
split of the Common Stock occurring between the Issuance Date and the Consummation Date
(b) This Option has been granted pursuant to and is subject to the terms and conditions of the
Company’s 2003 Incentive Plan (the “Plan”), and the terms and conditions of the Plan shall be deemed to be
incorporated herein by reference and made a part of this Option. Holder hereby acknowledges by his signature
below that he has received a copy of the Plan. Capitalized terms used herein shall have the meanings set forth in
the Plan, unless otherwise defined herein.
2. Expiration. This Option s