Activision Blizzard (ATVI)

You have been awarded an Option to purchase Shares of Common Stock of Activision, Inc. (the “Company”), as follows:

•      Your name:  George Rose

•      Total number of Shares purchasable upon exercise of the Option awarded:  240,000

•      Exercise Price:  US $21.59 per Share

•      Date of Grant:  September 28, 2007

•      Expiration Date:  September 28, 2017

•      Grant ID:  03001963

•      Your Award of the Option is governed by the terms and conditions set forth in:

•      this Notice of Share Option Award;

•      the Share Option Award Terms attached hereto as Exhibit A (the “Award Terms”); and

•      the Company’s Amended and Restated 2003 Incentive Plan, the receipt of a copy of which you hereby acknowledge.

•      Your Share Option Award has been made in accordance with your Employment Agreement as a material inducement to your entering into or renewing employment with the Company or one of its subsidiaries or affiliates pursuant to such Employment Agreement, and is also governed by any applicable terms and conditions set forth in such Employment Agreement.

•      Certain terms of your Award:

•      Schedule for Vesting:  Except as otherwise provided under the Award Terms, the Option awarded to you will vest and become exercisable as follows, provided you remain continuously employed by the Company or one of its subsidiaries or affiliates through each such date: