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EXHIBIT 10.2EXECUTION VERSION




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PageARTICLE IDefinitions and UsageSECTION 1.01.
    
    Definitions
    
    
    2SECTION 1.02.
    
    Terms and Usage Generally
    
    
    16ARTICLE IIThe CompanySECTION 2.01.
    
    Effectiveness of this Agreement
    
    
    16SECTION 2.02.
    
    Formation and Qualification
    
    
    16SECTION 2.03.
    
    Name
    
    
    17SECTION 2.04.
    
    Term
    
    
    17SECTION 2.05.
    
    Registered Agent and Registered Office
    
    
    17SECTION 2.06.
    
    Purposes
    
    
    17SECTION 2.07.
    
    Principal Office and Place of Business
    
    
    17SECTION 2.08.
    
    Service Exclusivity
    
    
    18SECTION 2.09.
    
    Annual Media Plan
    
    
    18ARTICLE IIIMembersSECTION 3.01.
    
    Admission of Members
    
    
    18SECTION 3.02.
    
    Substitute Members and Additional Members
    
    
    18SECTION 3.03.
    
    Powers of Members
    
    
    19SECTION 3.04.
    
    Parent Guarantee
    
    
    19ARTICLE IVContributions and PurchasesSECTION 4.01.
    
    Initial Contributions and Purchases
    
    
    19SECTION 4.02.
    
    Additional Commitments
    
    
    20SECTION 4.03.
    
    Reduction of Additional Commitments
    
    
    20SECTION 4.04.
    
    Contribution Drawdown
    
    
    20SECTION 4.05.
    
    Contribution Default
    
    
    21
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PageSECTION 4.06.
    
    Capital Loans
    
    
    21ARTICLE VReports; AuditorsSECTION 5.01.
    
    Reports to Members
    
    
    22SECTION 5.02.
    
    Reports to Lenders
    
    
    23SECTION 5.03.
    
    Books and Records
    
    
    23SECTION 5.04.
    
    Other Information
    
    
    24SECTION 5.05.
    
    Auditors
    
    
    24ARTICLE VIInterestsSECTION 6.01.
    
    General
    
    
    24SECTION 6.02.
    
    Issuance of Interests After the Effective Date
    
    
    25SECTION 6.03.
    
    Repurchase of Interests after the Effective Date
    
    
    25SECTION 6.04.
    
    Subsidiaries
    
    
    25ARTICLE VIIAllocations and Other Tax MattersSECTION 7.01.
    
    Allocations
    
    
    25SECTION 7.02.
    
    Treatment of Company as Partnership
    
    
    25SECTION 7.03.
    
    Tax Matters Member
    
    
    25SECTION 7.04.
    
    Tax Returns, Tax Elections, Consistency
    
    
    27SECTION 7.05.
    
    Withholding
    
    
    28SECTION 7.06.
    
    Fiscal Year
    
    
    28SECTION 7.07.
    
    Construction and References to Regulations
    
    
    28ARTICLE VIIIDistributionsSECTION 8.01.
    
    Distributions
    
    
    28SECTION 8.02.
    
    Tax Distributions
    
    
    29SECTION 8.03.
    
    General Limitations
    
    
    29SECTION 8.04.
    
    Distributions in Kind
    
    
    29
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PageARTICLE IXManagement of the CompanySECTION 9.01.
    
    Joint Committee
    
    
    29SECTION 9.02.
    
    Joint Committee Meetings
    
    
    30SECTION 9.03.
    
    Unanimous Approval
    
    
    31SECTION 9.04.
    
    Contract Party Approval
    
    
    33SECTION 9.05.
    
    Business Plans
    
    
    34SECTION 9.06.
    
    Budgets
    
    
    34SECTION 9.07.
    
    Failure to Approve the Annual Operating Budget
    
    
    35SECTION 9.08.
    
    Impasse
    
    
    37SECTION 9.09.
    
    Officers
    
    
    38ARTICLE XTransfers of InterestsSECTION 10.01.
    
    Restrictions on Transfers
    
    
    40SECTION 10.02.
    
    Permitted Transfers
    
    
    41SECTION 10.03.
    
    Put/Call Right
    
    
    42SECTION 10.04.
    
    Tag-Along Right
    
    
    47SECTION 10.05.
    
    Drag-Along Right/Right of First Refusal
    
    
    48ARTICLE XILimitation on Liability, ExculpationSECTION 11.01.
    
    Limitation on Liability
    
    
    50SECTION 11.02.
    
    Exculpation of Covered Persons
    
    
    50SECTION 11.03.
    
    Renunciation of Corporate Opportunities
    
    
    51SECTION 11.04.
    
    Indemnification
    
    
    52ARTICLE XIIDefaults; Withdrawal; Bankruptcy of a MemberSECTION 12.01.
    
    Events of Default
    
    
    53SECTION 12.02.
    
    Events of Withdrawal
    
    
    53
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PageARTICLE XIIIDissolution and TerminationSECTION 13.01.
    
    Dissolution
    
    
    53SECTION 13.02.
    
    Winding Up of the Company
    
    
    54SECTION 13.03.
    
    Distribution of Property
    
    
    55SECTION 13.04.
    
    Claims of Members
    
    
    55SECTION 13.05.
    
    Termination
    
    
    55ARTICLE XIVMiscellaneousSECTION 14.01.
    
    Notices
    
    
    55SECTION 14.02.
    
    No Third Party Beneficiaries
    
    
    56SECTION 14.03.
    
    Waiver
    
    
    56SECTION 14.04.
    
    Integration
    
    
    56SECTION 14.05.
    
    Headings
    
    
    56SECTION 14.06.
    
    Counterparts
    
    
    56SECTION 14.07.
    
    Severability
    
    
    56SECTION 14.08.
    
    Amendments and Modifications
    
    
    57SECTION 14.09.
    
    Applicable Law
    
    
    57SECTION 14.10.
    
    Dispute Resolution
    
    
    57SECTION 14.11.
    
    Waiver of Jury Trial
    
    
    57SECTION 14.12.
    
    Confidentiality
    
    
    57SECTION 14.13.
    
    Publicity
    
    
    58SECTION 14.14.
    
    Absence of Presumption
    
    
    58SECTION 14.15.
    
    Expenses
    
    
    58SchedulesSchedule 1  Initial Cash ContributionsSchedule 2  Initial Business PlanSchedule 3  (Reserved)Schedule 4  Members, Interests and Participation PercentagesSchedule 5  Initial Member RepresentativesSchedule 6  Initial Executive OfficersSchedule 7  NoticesSchedule 8  MTVN Preferred Return Portion ExamplesSchedule 9  Dispute ResolutionExhibitsExhibit A  Form of Adoption AgreementExhibit B  Form of Capital Loan Promissory NoteExhibit C  Form of Budget Loan Promissory NoteExhibit D  MTVN Note
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Agreement Company RN Parent RN Sub MTVN Parent MTVN MTVN Sub Initial Members
 Preliminary Statement
  Delaware Act
 Transaction, Contribution and Purchase Agreement
 RN Brand and Content Agreement
 MTVN Brand and Content
Agreement
 URGE Brand and Content Agreement




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RN License and Services Agreement
 Web Services Agreement
 Viacom Services Agreement
 Stockholder Agreement
    Definitions and Usage
 Definitions
 Additional Venture Services
 Additional Member
 Adjusted RN Parent Enterprise Value
 2




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Adoption Agreement
 Affiliate provided provided
 Aggregate
Loan Cap [ * ]
 Annual Media Plan
 B2C Audio Music Service
 Bankruptcy Bankruptcy
 Bankruptcy Code
 
 [
* ]
 3




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Beneficial Owner Beneficial Ownership
 Budget Loan Interest Rate
 Business
 Business Day
 Capital Expenditures
 Capital Lease Obligation
 Capital Loan Interest Rate
 Carry-Over Budget Ratio [ *
]
 Cash Equivalents
 Change of Control
 
 [ * ]
 4




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Closing
 Code
 Common Stock
 Consolidated Current Assets total
current assets
 Consolidated Current Liabilities
 Consolidated Working Capital
 5




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Contribution
 Control Controlling Controlled
 Corporate Opportunity
 Covered Person
 Effective Date
 Equity Rights
 Exchange Act
 Extraordinary Transaction
   6




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Financial Test Operating Budget
 Free Cash Flow
 Fully Burdened Operating Profit/Loss
 Fully Diluted Shares Outstanding
 7




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GAAP
 Group
 Hedging Obligations
 Indebtedness Indebtedness provided further
 Interests
 Investment Bank
 License and Services Agreements
 8




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Lien
 Liquid
 Market Value of RN Parent Equity
 Member
 MTVN Note
 MTVN Preferred Return Portion
      9




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provided however
             10




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Music Group
 NASDAQ
 Non-Cash Charges
 Non-Voting Equity
 11




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provided
 Parent
 Permitted Liens
 Person
 Regulations
 Revenue provided however
 RN Parent Enterprise Value
 12




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RN Parent Equity
 Sale Transaction
 Securities Act
 Substitute Member
 Territory
 Three-Month LIBOR
 Transaction Documents
 Transfer provided however Transferred Transferring Transferor Transferee
 Volume Weighted Average Price
 Voting Stock
 13




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Defined inTerm
    
    SectionAdditional Cash Contributions
    
    4.02(a)Adjusted Proposed Appraised Value
    
    10.03(g)(i)Agreement
    
    PreambleAnnual Operating Budget
    
    9.06(b)Appraised Value
    
    10.03(g)Bankrupt Member
    
    13.01(c)(v)Beneficial Economic Rights
    
    10.02(b)Budget Approval Failure
    
    9.07(a)Budget Financial Tests
    
    9.07(a)Budget Loan
    
    9.07(b)(ii)Business Plan
    
    9.05(b)Call Notice
    
    10.03(a)Call Price
    
    10.03(a)Capital Loan
    
    4.06(a)Carry-Over Annual Operating Budget
    
    9.07(c)(i)Cash Cap
    
    10.03(d)CFO
    
    9.09(c)Company
    
    PreambleContract Party Approval
    
    9.04Contribution Cap
    
    4.02(a)Contribution Default
    
    4.05(a)Deemed Incorporation
    
    10.03(g)(v)Defaulting Member
    
    12.01(b)Delaware Act
    
    RecitalsDrag-Along Notice
    
    10.05(a)Drag-Along Price
    
    10.05(a)Drag-Along Purchaser
    
    10.05(a)Drag-Along Right
    
    10.05(a)Drag-Along Terms
    
    10.05(a)Drawdown Date
    
    4.04Drawdown Notice
    
    4.04Extended Put Notice Period
    
    10.03(b)(i)(A)Event of Default
    
    12.01(a)Fiscal Year
    
    7.06GM
    
    9.09(c)GM Financial Tests
    
    9.09(f)Impasse
    
    9.08(d)Impasse Financial Tests
    
    9.08(d)
 14




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Defined inTerm
    
    SectionInitial Appraised Value
    
    10.03(g)(i)Initial Asset Contribution
    
    4.01(a)Initial Business Plan
    
    9.05(a)Initial Cash Contribution
    
    4.01(b)Initial Members
    
    PreambleLiability Cap
    
    9.07(b)(ii)Joint Committee
    
    9.01(a)Member Representatives
    
    9.01(b)MTVN
    
    PreambleMTVN Sub
    
    PreambleMTVN Brand and Content Agreement
    
    RecitalsMTVN Note Value
    
    10.03(a)MTVN Parent
    
    PreambleNew Capital Contributions
    
    4.06(a)Participation Percentage
    
    6.01Participation Period
    
    10.03(f)Pricing Period
    
    10.03(f)Put/Call Closing
    
    10.03(h)Put Notice
    
    10.03(b)Put Price
    
    10.03(b)Quarterly Business Reviews
    
    9.02(a)Restricted Period
    
    10.02(b)Right of First Refusal
    
    10.05(b)RN Annual Operating Budget
    
    9.07(b)(ii)RN Brand and Content Agreement
    
    RecitalsRN Executive
    
    9.09(h)RN License and Services Agreement
    
    RecitalsRN Parent
    
    PreambleRN Sub
    
    PreambleStock Cap
    
    10.03(f)Stockholder Agreement
    
    RecitalsStub Period
    
    9.05(a)Tag-Along Notice
    
    10.04(a)Tag-Along Terms
    
    10.04(a)Tax Distribution
    
    8.02Tax Matters Member
    
    7.03(b)Term
    
    2.04Third Appraiser
    
    10.03(g)(i)Transaction, Contribution and Purchase Agreement
    
    RecitalsUnanimous Approval
    
    9.03URGE Brand and Content Agreement
    
    RecitalsValuation Date
    
    10.03(g)(iv)Viacom Services Agreement
    
    RecitalsWeb Services Agreement
    
    Preamble
 15




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Terms and Usage Generally
    The Company
 Effectiveness of this Agreement
 Formation and Qualification
 16




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Name
 Term
 Registered Agent and Registered Office
 Purposes
 Principal Office and Place of Business
 17




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Service Exclusivity
 Annual Media Plan
  Members
 Admission of Members
 Substitute Members and Additional Members provided
  18




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Powers of Members
   Parent Guarantee
  Contributions and Purchases
 Initial Contributions and Purchases Initial Asset
Contribution
 Initial Cash Contribution pro rata pro rata
 19




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Additional Commitments Additional Cash Contributions [ * ] [ * ] Contribution Cap
   Reduction of Additional Commitments
  Contribution Drawdown Drawdown Date Drawdown Notice
 
 [ * ]
 20




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Contribution Default Contribution Default
  Capital Loans New Capital Contributions Capital Loan
 [ * ]
 
 [ * ]
 21




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Reports; Auditors
 Reports to Members
  provided however
 22




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Reports to Lenders provided however
 Books and Records
 23




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Other Information
  Auditors
  Interests
 General Participation Percentage
      24




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Issuance of Interests After the Effective Date
  Repurchase of Interests after the Effective Date
 Subsidiaries
  Allocations and Other Tax Matters
 Allocations pro rata
 Treatment of Company as Partnership
 Tax Matters Member Designation
 25




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Tax Matters Member
 State and Local Tax Law
 Expenses
 Election into TEFRA
 Tax Audits and Litigation
 Best Interests of Members
 No Liability
 26




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Tax Returns, Tax Elections, Consistency Tax Returns
 Tax Elections
   Best Interests of Members
 27




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Consistency
 Withholding provided however
 Fiscal Year Fiscal Year
 Construction and References to Regulations
  Distributions
 Distributions
 28




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Tax Distributions pro rata Tax Distribution
 General Limitations
 Distributions in Kind
  Management of the Company
 Joint Committee Joint Committee
 Member
Representatives
 29




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Joint Committee Meetings Quarterly Business Reviews [ *
]
 provided
 
 [ * ]
 30




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provided
 Unanimous Approval Unanimous Approval provided
  [ * ]
 [ * ] [ * ]
 [ * ]
 
 [ * ]
 31




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[ * ] [ * ] provided
     [ *
] [ * ]
 i.e.
 
 [ * ]
 32




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provided however provided further
 [ * ]
     Contract Party Approval
 
 [ * ]
 33




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Contract
Party Approval
 Business Plans Initial Business
Plan Stub
Period
 Business Plan
 Budgets provided
  34




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Annual Operating Budget
 Failure to Approve the Annual Operating Budget Budget
Approval Failure Budget Financial Tests
  [ * ] [ * ]
 [ * ] [ * ]
   
 [ * ]
 35




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RN Annual Operating
Budget Budget Loan provided [ * ] Liability Cap
  Carry Over Annual
Operating Budget
 provided
  
 [ * ]
 36




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[ * ]
  Impasse Impasse
   Impasse Financial Tests
   
 [ * ]
 37




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[ * ] [ * ]
 [ * ] [ * ]
 Officers
  GM CFO
    
 [ * ]
 38




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GM Financial Tests
  [ * ] [ * ]
 [ * ] [ * ]
  
 [ * ]
 39




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RN Executive
   Transfers of Interests
 Restrictions on Transfers
 provided
  40




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Permitted Transfers
   Restricted Period provided provided provided
 41




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Beneficial Economic Rights provided
 Put/Call Right Call Notice Call Price MTVN Note Value
 Extended Put Notice Period Put Notice Put Price
 42




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provided provided further Cash Cap
  43




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Stock Cap Pricing
Period provided further
 Appraised
Value
 Initial Appraised Value Adjusted Proposed
Appraised Value
 44




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Third
Appraiser
   Valuation Date
 45




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Deemed Incorporation
   46




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Put/Call Closing provided
 Tag-Along Right Tag-Along Notice Tag-Along Terms
  47




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provided however
  provided that
  Drag-Along Right/Right of First Refusal Drag-Along Purchaser
 48




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Drag-Along Right Drag-Along Notice Drag-Along Price Drag-Along Terms
 Right of First Refusal
 provided
 provided
 49




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provided however
   Limitation on Liability, Exculpation
 Limitation on Liability provided however
 Exculpation of Covered Persons
  50




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Renunciation of Corporate Opportunities
  51




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Indemnification
  52




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Defaults; Withdrawal; Bankruptcy of a Member
 Events of Default Event of Default
     Defaulting Member
  Events of Withdrawal
  Dissolution and Termination
 Dissolution
 53




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Bankrupt Member
  Winding Up of the Company
  first
 54




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second pro rata
  Distribution of Property
 Claims of Members
 Termination
  Miscellaneous
 Notices
 55




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No Third Party Beneficiaries
 Waiver
 Integration
 Headings
 Counterparts
 Severability provided however
 56




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Amendments and Modifications
 Applicable Law
 Dispute Resolution
 Waiver of Jury Trial
 Confidentiality
 57




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Publicity
 Absence of Presumption
 Expenses
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
 58




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RealNetworks, Inc.,By/s/ ROBERT GLASERName: Robert GlaserTitle: Chief Executive OfficerRealNetworks Digital Music of California, Inc,By/s/ ROBERT GLASERName: Robert GlaserTitle: President & CEOViacom International Inc.,By/s/ MICHAEL D. FRICKLASName: Michael D. FricklasTitle: Executive Vice President, General Counsel and SecretaryDMS Holdco Inc.,By/s/ MICHAEL D. FRICKLASName: Michael D. FricklasTitle: Executive Vice President
 59




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SCHEDULE 9
 DISPUTE RESOLUTION
 Article I
 Dispute Resolution




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SCHEDULE 9