0000950117-98-002120 Sample Contracts

OPTION AGREEMENT
Option Agreement • December 4th, 1998 • Midway Games Inc • Services-prepackaged software

This letter will evidence the issuance to you as of December ___, 1998 by the Stock Option Committee of the Board of Directors of Midway Games Inc. (the "Company") of an option pursuant to the Company's 1998 Stock Incentive Plan (the "Plan") to purchase ___________ (_____) shares of the common stock, par value $.01 per share ("Common Stock"), of the Company at a price of ___________ ($_______ ) per share (the "Option"). Under applicable provisions of the Internal Revenue Code of 1986, as amended, the Option is treated as a non-qualified stock option.

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