Atari 2010 Annual Report Download - page 146

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
146
them at the time of the company’s acquisition. The payment of the debt would entitle the shareholder to receive a
maximum of 1,234 new shares in the Company, issued under a right offering reserved for him and paid up by
capitalizing the debt due to him in connection with the earn-out payment for the acquisition of Cryptic Studios.
Cryptic bonus
As part of the December 2008 acquisition of Cryptic Studios it was agreed that Atari could pay a bonus if revenue targets
for the Champions Online and Star Trek Online video games were exceeded. The bonus represents a maximum amount
of USD 20 million and would be payable as follows:
• either in cash, with half the amount payable by the end of November 2010 and the remaining half payable by
mid-May 2011; or
• by issuing, at the option of the Company, new common stock of the Company through a rights issue reserved
for the beneficiaries of the bonus.