We increased our focus on designing, marketing and selling games for smartphones, such as Apples iPhone and mobile phones utilizing the Googles Android operating system. We generated $9.9 million in smartphone revenues in 2010, a 127.2% increase from the $4.3 million in smartphone revenues we generated in 2009. In December 2010, we had approximately 12.1 million monthly active users of our games on smartphones based on the Apple iOS and Google Android operating systems. As of December 31, 2010, we had 50.2 million cumulative installs of our games on smartphones based on the Apple iOS and Google Android operating systems, including 18.0 million installs during the fourth quarter of 2010

EX-10.12 2 f58552exv10w12.htm EX-10.12 exv10w12
Exhibit 10.12
GLU MOBILE INC.
SUMMARY OF COMPENSATION TERMS
ERIC R. LUDWIG
The following is a summary of the compensation terms for Eric R. Ludwig, our Senior Vice President, Chief Financial Officer and Chief Administrative Officer:
         
Annual Salary:
  $275,000  
 
       
Target Cash Bonus:
  60% of base salary
 
       
Bonus Plan Participation:
  Glu Mobile 2011 Executive Bonus Plan