Sample Business Contracts


Offer Letter - Infogrames Inc. and Lisa S. Rothblum

Employment Forms

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[INFOGRAMES LETTERHEAD]                                        [INFOGRAMES LOGO]

September 6, 2000

Ms. Lisa S. Rothblum
47 East 88th Street
New York, NY 10128

Dear Lisa:

I am very pleased to offer you the position of Senior Vice President, Legal
Affairs and General Counsel, reporting directly to the President of Infogrames,
Inc.

The purpose of this letter is to confirm the terms and conditions of our
employment offer to you.

-    As discussed, your annual salary will be $275,000.00, paid to you in equal
     installments; currently our practice is to pay on a semi-monthly basis.

-    You will also be eligible for a stock option grant, which will vest 25% per
     year, over a 4-year period. The options will be granted at Fair Market
     Value on your hire date. The grant will be equal to one (1) times your base
     salary of your hire date. Stock options will be issued on your date of
     hire.

-    You will receive a sign-on bonus of $20,000.00 after 30 days of continuous
     employment with Infogrames, Inc., less all applicable local, state and
     federal taxes. Should you voluntarily terminate your employment with
     Infogrames, Inc. within one year of your date of hire, you must repay to
     Infogrames, Inc. the entire sign-on bonus.

-    You will be eligible to participate in the Company Bonus Program; eligible
     for 40% of base salary, prorated for Fiscal Year 2001.

-    You are entitled to 6 months severance, if involuntarily terminated for
     reasons other than cause, within the first two years of your employment.
     After the first two years of your employment, you will participate in the
     company severance policy that is in effect.

-    As a full-time employee you will be entitled to participate in our standard
     benefit plans.

By signing this letter you confirm that you are not subject to any agreement
(with a prior employer or otherwise) which would prohibit, limit or otherwise be
inconsistent with your employment at Infogrames, Inc. During your employment
with Infogrames, Inc., you agree that you will not use or disclose any
confidential or proprietary information of any third party, including any prior
employer.

Please indicate your acceptance of this offer by signing this letter where
indicated and returning it to me.

We look forward to having you join Infogrames, Inc. If you have any questions
regarding this employment opportunity, please do not hesitate to contact me.

Sincerely,

/s/ Harry Z. Glantz
-------------------------------
Harry Z. Glantz
Vice President, Human Resources

Accepted and agreed to:

By: /s/ Lisa S. Rothblum            9/7/2000
    ---------------------------     --------
    Lisa S. Rothblum                Date

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