Document:

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EXHIBIT 10.2

                      FIRST AMENDMENT TO ESCROW AGREEMENT

     This FIRST AMENDMENT, dated as of January 30, 2001 (this "First
Amendment"), to the Escrow Agreement, dated as of September 11, 2000 (the
"Escrow Agreement"), is made by and between TIVO INC., a Delaware Corporation
(the "Company"), AMERICA ONLINE, INC., a Delaware corporation (the "Purchaser"),
and U.S. TRUST COMPANY, NATIONAL ASSOCIATION (the "Escrow Agent").  Capitalized
terms used but not defined herein shall have the meanings assigned to them in
the Escrow Agreement.

                              W I T N E S S E T H:
                              -------------------

     WHEREAS, Section 8 of the Escrow Agreement provides for the amendment of
the Escrow Agreement upon the written consent of the Company, the Purchaser and
the Escrow Agent;

     WHEREAS, the Purchaser and the Company are parties to the Investment
Agreement, dated as of June 9, 2000, as amended by the First Amendment, dated as
of September 11, 2000, and as amended by the Second Amendment, dated as of
January 30, 2001 (as so amended, the "Investment Agreement");

     WHEREAS, pursuant to the Second Amendment to the Investment Agreement, the
Purchaser and the Company have agreed to direct the Escrow Agent to release
certain Escrowed Funds to the Company;

     WHEREAS, the Company, the Purchaser and the Escrow Agent desire to amend
certain provisions of the Escrow Agreement;

     NOW, THEREFORE, the parties hereto agree as follows:

1.  Amendment to Section 3.  Section 3 of the Escrow Agreement is hereby amended
    ----------------------
by inserting the following new paragraph (c):

          "(c)  Release of Escrowed Funds at the Direction of the Company and
     the Purchaser.  All of the Escrowed Funds, or any portion thereof, shall be
     released by the Escrow Agent to the Company, the Purchaser or a third
     party, by wire transfer of immediately available funds to such account as
     the Company and the Purchaser shall designate in writing, upon receipt by
     the Escrow Agent of written instructions ("Joint Release Instructions")
     signed by both the Company and the Purchaser that (i) certify that both the
     Company and the Purchaser agree upon the release of the Escrowed Funds to
     the account designated, (ii) specify the amount of the Escrowed Funds to be
     released and (iii) specify the account information of the account to which
     the Escrowed Funds shall be transferred."

2.  Agreement to Release Escrowed Funds.  Pursuant to the Joint Release
    -----------------------------------
Instructions attached as Annex A hereto, the Purchaser and the Company hereby
direct the Escrow Agent to
<PAGE>

release Escrowed Funds in the amount of forty-three million, five hundred
thousand dollars ($43,500,000) to the Company.

3.  Governing Law.  This First Amendment shall be governed by and construed in
    -------------
accordance with the laws of the State of New York applicable to agreements made
and to be performed entirely within such state.

4.  Confidentiality.  With respect to the first press release or other public
    ---------------
announcement by the Company (the "Initial Press Release") and the first filing
by the Company with the SEC (the "Initial SEC Release") which, in each case,
includes information or statements concerning this First Amendment, any of the
Related Agreements (as defined in the Second Amendment to the Investment
Agreement) or any other agreements executed in connection herewith or therewith,
or the matters contemplated hereby or thereby, the Company shall use its
reasonable best efforts to cooperate with the Purchaser, furnish drafts of all
such information or statements to the Purchaser, and provide the Purchaser with,
in the case of the Initial Press Release, at least one hour and, in the case of
the Initial SEC Filing, at least 24 hours, within which to review and comment
upon any such information or statement.  The Company shall reflect all
reasonable comments and requests of the Purchaser received by the Company within
the time set forth above in such information or statement prior to the release
thereof; provided that the Company shall be entitled to file the Second
Amendment, the Related Agreements and any other agreements executed in
connection herewith or therewith with the SEC.  The Company shall not release or
permit the release of any such information or statement unless it has first
complied with the foregoing.  In the event the Company or any of its affiliates
proposes to release any public information or statement (including any SEC
filings) with respect to this First Amendment, any of the Related Agreements or
any other agreements executed in connection herewith or therewith, or the
matters contemplated hereby or thereby which is materially different in
substance, prominence or context from the Initial Press Release or the Initial
SEC Filings, then the Company shall be required to provide the Purchaser with
the 24-hour advance notice and comment period in accordance with the foregoing
prior to releasing any such information or statement.

5.  Counterparts.  This First Amendment may be executed in two or more
    ------------
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

6.  Effective Date; No Other Amendments.  Each of the parties hereto agrees that
    -----------------------------------
the amendments to the Escrow Agreement contained herein shall be effective as of
the date and year first above written upon execution of this First Amendment by
each party hereto.  Except as expressly amended hereby, the provisions of the
Escrow Agreement are hereby ratified and confirmed by the parties and shall
remain in full force and effect.  All references in the Escrow Agreement to
"this Agreement" shall be read as references to the Escrow Agreement, as amended
by this First Amendment.
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     IN WITNESS WHEREOF, each of the parties has caused this First Amendment to
be executed by a duly authorized officer as of the day and year first written
above.

                              AMERICA ONLINE, INC.

                              By: /s/ LYNDA CLARIZIO
                                  ------------------------------------
                                  Name:  Lynda Clarizio
                                  Title: Senior Vice President

                              TIVO INC.

                              By: /s/ DAVID H. COURTNEY
                                  ----------------------------------
                                  Name:  David H. Courtney
                                  Title: Senior Vice President, Finance &
                                         Administration

                              U.S. TRUST COMPANY, NATIONAL
                              ASSOCIATION

                              By: /s/ LAWRENCE E. GERQUEST
                                  -----------------------------------
                                  Name:  Lawrence E. Gerquest
                                  Title: Assistant Vice President
<PAGE>

                                                                         Annex I
                           JOINT RELEASE INSTRUCTIONS

     JOINT RELEASE INSTRUCTIONS, dated ______, made by TIVO INC. (the "Company")
and AMERICA ONLINE, INC. (the "Purchaser") pursuant to the Escrow Agreement,
dated as of September 11, 2000, as amended by the First Amendment, dated as of
January 30, 2001 (the "Escrow Agreement").  Capitalized terms used but not
defined herein shall have the meanings given them in the Escrow Agreement.

     1.  The Company and the Purchaser agree that Escrowed Funds in an aggregate
amount of ___________________ shall be released as set forth herein.

     2.  The Escrow Agent is hereby directed to release ____________________ to
the following account of ____________________:
     [Account Information]

     3.  The Escrow Agent is hereby directed to release ____________________ to
the following account of ____________________:
          [Account Information]

                              AMERICA ONLINE, INC.

                              By: _____________________________
                                  Name:
                                  Title:

                              TIVO INC.

                              By: _____________________________
                                  Name:
                                  Title:<PAGE>

EXHIBIT 10.3

     THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR
INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED.  THESE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE
SECURITIES UNDER SAID ACT OR LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

                                   TIVO INC.

                              AMENDED AND RESTATED
                           STOCK SUBSCRIPTION WARRANT

                   No.  VW - A - 1            September 13, 2000

1.   GENERAL.
     -------

          (a) THIS CERTIFIES that, for value received, AMERICA ONLINE, INC.
     ("AOL"), or its assigns, is entitled to subscribe for and purchase from
     TIVO INC., a Delaware corporation (the "Company"), at any time or from
     time to time during the period (the "Exercise Period") commencing with
     the date hereof and ending on December 31, 2001, on the terms and subject
     to the provisions hereinafter set forth, up to 2,308,475 shares (subject
     to adjustment as provided herein) of fully paid and non-assessable shares
     of Common Stock, $0.001 par value (the "Common Stock"), of the Company,
     at a price per share (the "Warrant Price") of $7.29.

          (b) This Amended and Restated Warrant (this "Warrant") amends and
     restates in its entirety the TiVo Inc. Stock Subscription Warrant No. VW-
     A-1, dated September 13, 2000, issued to the Purchaser by the Company.
     This Warrant is being issued pursuant to an Investment Agreement dated as
     of June 9, 2000, as amended by the First Amendment, dated as of September
     13, 2000, and as amended by the Second Amendment, dated as of January 30,
     2001 (collectively, the "Agreement"), between the Company and AOL. All
     terms used but not defined herein shall have the meanings set forth in
     the Agreement. The shares of capital stock of the Company issuable upon
     exercise of this Warrant are sometimes hereinafter referred to as the
     "Warrant Shares."

2.   EXERCISE OF WARRANT.
     -------------------

          (a) The rights represented by this Warrant may be exercised by the
     holder hereof, in whole or in part, at any time or from time to time during
     the Exercise Period, by (i) the surrender of this Warrant, together with an
     executed Notice of Exercise in substantially the form attached hereto as
     Exhibit A, at the office of the Company at 2160 Gold Street, Alviso, CA
     95002, or at such other agency or office of the Company in the United
     States of America as it may designate by notice in writing to the holder
     hereof at the address of such holder appearing on the books of the Company,
     and (ii) payment (either in cash or by check) to the Company of the Warrant
     Price for each Warrant Share being purchased.  In the event of the exercise
     of the rights represented by this Warrant, a certificate or certificates
     for the Warrant Shares so purchased, registered in the name of the holder,
     and if this Warrant shall not have been exercised for all of the Warrant
     Shares, a new Warrant, registered in the name of the holder hereof, of like
     tenor to this Warrant and representing the remaining Warrant Shares, shall
     be delivered to the holder hereof within a reasonable time, not exceeding
     ten (10) days, after the rights represented by this Warrant shall have been
     so exercised.  The person in whose name any certificate for Warrant Shares
     is issued upon exercise of this Warrant shall for all purposes be deemed to
     have become the holder of record of such shares on the date on which the
     Warrant was surrendered and payment of the Warrant Price and any applicable
     taxes was made, irrespective of the date of delivery of such certificate,
     except that, if the date of such surrender and payment is a date when the
     stock transfer books of the Company are closed, such person shall be
<PAGE>

     deemed to have become the holder of such shares at the close of business on
     the next succeeding date on which the stock transfer books are open.

3.   ADJUSTMENT OF WARRANT PRICE.
     ---------------------------

          (a) The Warrant Price shall be subject to adjustment from time to time
     as follows:

               (i)   If the number of shares of Common Stock outstanding is
          increased by a stock dividend payable in shares of Common Stock or by
          a subdivision or split-up of shares of Common Stock, then, following
          the record date fixed for the determination of holders of Common Stock
          entitled to receive such stock dividend, subdivision or split-up, the
          Warrant Price shall be appropriately decreased and the number of
          shares of Common Stock issuable upon exercise of this Warrant shall be
          appropriately increased, in each case in proportion to such increase
          in outstanding shares.  Shares of Common Stock owned by or held for
          the account of the Company shall not be deemed outstanding for the
          purpose of any such computation.  Such adjustment shall be made
          successively whenever such a record date is fixed; and in the event
          that such subdivision or split-up is not effected, the Warrant Price
          shall again be adjusted to be the Warrant Price which would then be in
          effect if such record date had not been fixed.

               (ii)  If the number of shares of Common Stock outstanding is
          decreased by a combination of the outstanding shares of Common Stock,
          then, following the record date for such combination, the Warrant
          Price shall be appropriately increased and the number of shares of
          Common Stock issuable upon exercise of this Warrant shall be
          appropriately decreased, in each case, in proportion to such decrease
          in outstanding shares.  Such adjustment shall be made successively
          whenever such a record date is fixed; and in the event that such
          combination is not effected, the Warrant Price shall again be adjusted
          to be the Warrant Price which would then be in effect if such record
          date had not been fixed.

               (iii) In the event of any capital reorganization of the Company,
          any reclassification of the stock of the Company (other than a change
          in par value or from par value to no par value or from no par value to
          par value or as a result of a stock dividend or subdivision, split-up
          or combination of shares), or any consolidation or merger of the
          Company (other than a consolidation or merger in which the Company is
          the continuing corporation and which does not result in any change in
          the Common Stock), this Warrant shall after such reorganization,
          reclassification, consolidation or merger be exercisable or
          exchangeable into the kind and number of shares of stock or other
          securities or property of the Company or of the corporation resulting
          from such consolidation or surviving such merger to which the holder
          of the number of shares of Common Stock deliverable (immediately prior
          to the time of such reorganization, reclassification, consolidation or
          merger) upon exercise of this Warrant would have been entitled upon
          such reorganization, reclassification, consolidation or merger.  The
          provisions of this clause shall similarly apply to successive
          reorganizations, reclassifications, consolidations or mergers.

               (iv) In case the Company shall issue warrants or other rights to
          all holders of Common Stock entitling them to subscribe for or
          purchase shares of Common Stock at a price per share less than the
          Fair Market Value of the Common Stock (as defined below, with a
          Determination Date as of the record date for the determination of
          stockholders entitled to receive such rights or warrants, the Warrant
          Price in effect after such record
<PAGE>

          date shall be determined by multiplying such Warrant Price by a
          fraction, the numerator of which shall be the number of shares of
          Common Stock outstanding at the close of business on the record date
          for issuance of such rights or warrants plus the number of shares of
          Common Stock which the aggregate offering price of the total number of
          shares of Common Stock so offered would purchase at such Fair Market
          Value, and the denominator of which shall be the number of shares of
          Common Stock outstanding at the close of business on the record date
          for issuance of such rights or warrants plus the total number of
          shares of Common Stock receivable upon exercise of such rights or
          warrants. Such adjustment shall be made successively whenever any such
          rights or warrants are issued, and shall become effective immediately
          after such record date. In case such subscription price may be paid in
          a consideration part or all of which shall be in a form other than
          cash, the value of such consideration shall be as determined by a
          nationally recognized independent investment banking firm jointly
          selected by the Company and the holder of this Warrant or, if such
          selection cannot be made within five (5) Business Days after the
          record date referred to above, by a nationally recognized independent
          investment banking firm selected by the American Arbitration
          Association. Shares of Common Stock owned by or held for the account
          of the Company shall not be deemed outstanding for the purpose of any
          such computation. Such adjustment shall be made successively whenever
          such a record date is fixed; and in the event that such rights or
          warrants are not so issued, the Warrant Price shall again be adjusted
          to be the Warrant Price which would then be in effect if such record
          date had not been fixed. For purposes hereof:

          "Fair Market Value" of one share of Common Stock as of any date (the
"Determination Date") means:

                    (A) (1) the average of the closing prices quoted on Nasdaq,
          if applicable, or the average of the last bid and asked prices of the
          Common Stock quoted in the over-the-counter-market or (2) if the
          Common Stock is then traded on a national securities exchange, the
          average of the high and low prices of the Common Stock listed on the
          principal national securities exchange on which the Common Stock is so
          traded, in each case for the twenty (20) trading days immediately
          preceding the Determination Date or, if such date is not a business
          day on which shares are traded, the next immediately preceding trading
          day; and

                    (B) in connection with a Corporate Transaction (as
          hereinafter defined), the value per share of Common Stock received or
          receivable by each holder thereof (assuming for purposes of this
          determination, in the case of a sale of assets, the Company is
          liquidated immediately following such sale and the consideration paid
          to the Company is immediately distributed to its stockholders); and

                    (C) in all other circumstances, the fair market value per
          share of Common Stock as determined by a nationally recognized
          independent investment banking firm jointly selected by the Company
          and the holder of this Warrant or, if
<PAGE>

          such selection cannot be made within five (5) Business Days after the
          Determination Date, by a nationally recognized independent investment
          banking firm selected by the American Arbitration Association; and

          "Corporate Transaction" means (i) any consolidation or merger of the
Company with or into any other corporation or other entity, other than any
merger or consolidation resulting in the holders of the capital stock of the
Company entitled to vote for the election of directors holding a majority of the
capital stock of the surviving or resulting corporation or its ultimate parent
entity entitled to vote for the election of directors, (ii) any person or entity
(including any affiliates thereof) becoming the holder of 50% of the capital
stock of the Company entitled to vote for the election of directors, or (iii)
any sale or other disposition by the Company of all or substantially all of its
assets or capital stock.

               (v) In case the Company shall distribute to all holders of shares
          of Common Stock (including any such distribution made in connection
          with a consolidation or merger in which the Company is the continuing
          corporation) any shares of capital stock of the Company (other than
          shares of Common Stock) or evidences of its indebtedness or assets or
          rights or warrants to subscribe for or purchase any of its securities
          (excluding those rights or warrants referred to in subparagraph (iv)
          above) (any of the foregoing being hereinafter in this subparagraph
          (v) called the "Securities"), then, in each such case, the Warrant
          Price shall be adjusted so that the same shall equal the price
          determined by multiplying the Warrant Price in effect immediately
          prior to the date of such distribution by a fraction the numerator of
          which shall be the Fair Market Value (as defined above) of the Common
          Stock with a Determination Date as of the record date mentioned above,
          less the then fair market value (as determined by a nationally
          recognized independent investment banking firm jointly selected by the
          Company and the holder of this Warrant or, if such selection cannot be
          made within five (5) Business Days after the record date referred to
          above, by a nationally recognized independent investment banking firm
          selected by the American Arbitration Association) of the portion of
          the Securities so distributed allocable to one share of Common Stock,
          and the denominator of which shall be the Fair Market Value of the
          Common Stock. Such adjustment shall become effective immediately prior
          to the opening of business on the day following the record date for
          the determination of shareholders entitled to receive such
          distribution.  In the event that such distribution is not so made, the
          Warrant Price shall again be adjusted to be the Warrant Price which
          would then be in effect if such date fixed for the determination of
          shareholders entitled to receive such distribution had not been fixed.

               (vi) All calculations under this Section 3 shall be made to the
          nearest one tenth (1/10) of a cent or to the nearest one tenth (1/10)
          of a share, as the case may be.

          (b) Whenever the Warrant Price shall be adjusted as provided in this
     Section 3 the Company shall forthwith file, at the office of the Company or
     any transfer agent designated by the Company for the Common Stock, a
     statement, signed by its chief financial officer, showing in detail the
     facts requiring such adjustment and the adjusted Warrant Price.  The
     Company shall also cause a copy of such statement to be sent by first-class
     certified mail, return receipt requested, postage
<PAGE>

     prepaid, to each holder of a Warrant at his or its address appearing on the
     Company's records. Where appropriate, such copy may be given in advance and
     may be included as part of a notice required to be mailed under the
     provisions set forth immediately below.

          (c) In the event the Company shall propose to take any action of the
     types described in Section 3(a) or Section 10, the Company shall give
     notice to each holder of a Warrant in the manner set forth herein, which
     notice shall specify the record date, if any, with respect to any such
     action and the date on which such action is to take place.  Such notice
     shall also set forth such facts with respect thereto as shall be reasonably
     necessary to indicate the effect of such action (to the extent such effect
     may be known at the date of such notice) on the Warrant Price then in
     effect and the number, kind or class of shares or other securities or
     property which shall be delivered or purchasable upon the occurrence of
     such action or deliverable upon exercise of this Warrant.  In the case of
     any action which would require the fixing of a record date, such notice
     shall be given at least twenty (20) days prior to the date so fixed, and in
     case of all other action, such notice shall be given at least thirty (30)
     days prior to the taking of such proposed action.  Failure to give such
     notice, or any defect therein, shall not affect the legality or validity of
     any such action.

4.   ADJUSTMENT OF WARRANT SHARES.
     ----------------------------

          Upon each adjustment of the Warrant Price as provided in Section 3,
     the holder hereof shall thereafter be entitled to subscribe for and
     purchase, at the Warrant Price resulting from such adjustment, the number
     of Warrant Shares equal to the product of (i) the number of Warrant
     Shares existing prior to such adjustment and (ii) the quotient obtained
     by dividing (A) the Warrant Price existing prior to such adjustment by
     (B) the new Warrant Price resulting from such adjustment. No fractional
     shares of Common Stock shall be issued as a result of any such
     adjustment, and any fractional shares resulting from the computations
     pursuant to this paragraph shall be eliminated without consideration.

5.   COVENANTS.
     ---------

          The Company covenants and agrees that:

               (i)   all shares of Common Stock and any other securities which
     may be issued upon the exercise of the rights represented by this Warrant
     will, upon issuance, be validly issued, fully paid and non-assessable and
     free from all taxes, liens and charges with respect to the issuance
     thereof;

               (ii)  the Company will from time to time take all such action as
     may be requisite to assure that the stated or par value per share of the
     Common Stock is at all times equal to or less than the then effective
     Warrant Price per share of Preferred Stock issuable upon exercise of this
     Warrant;

               (iii) the Company will at all times have authorized and reserved,
     free from preemptive rights, a sufficient number of shares of its Common
     Stock and any other securities to provide for the exercise of the rights
     represented by this Warrant;

               (iv)  if any shares of Common Stock or any other securities to be
     reserved to provide for the exercise of this Warrant require registration
     with or approval of any Governmental Authority under any Federal or state
     law before such shares may be validly issued or delivered upon exercise,
     then the Company will in good faith and expeditiously as possible endeavor
     to secure such registration or approval, as the case may be; and

               (v)   if and so long as the Common Stock or any other securities
     issuable upon the exercise of this Warrant are listed on Nasdaq, any
     national securities
<PAGE>

     exchange or any comparable system, the Company will, if permitted by the
     rules of such exchange or system, list and keep listed on such exchange or
     system, upon official notice of issuance, all shares of such capital stock.

6.   NO SHAREHOLDER RIGHTS.
     ---------------------

          This Warrant shall not entitle the holder hereof to any voting rights
     or other rights as a shareholder of the Company.

7.   RESTRICTIONS ON TRANSFER.
     ------------------------

          (a) This Warrant and the Warrant Shares issuable upon exercise hereof
     are subject to restrictions on transfer contained in the Stockholders and
     Registration Rights Agreement (the "Stockholders Agreement"), dated as of
     June 9, 2000, between the Company and AOL. No transfer, sale, assignment,
     pledge, hypothecation or other disposition of this Warrant or the Warrant
     Shares issuable upon exercise hereof may be made except in accordance with
     the provisions of the Stockholders Agreement.

          (b) The holder of this Warrant acknowledges that neither this Warrant
     nor the Warrant Shares have been registered under the Securities Act of
     1933, as amended (the "Securities Act") and the holder of this Warrant
     agrees that no sale, transfer, assignment, hypothecation or other
     disposition of this Warrant or the Warrant Shares shall be made in the
     absence of (i) current registration statement under the Securities Act as
     to this Warrant or the Warrant Shares and the registration or qualification
     of this Warrant or the Warrant Shares under any applicable state securities
     laws is then in effect or (ii) an opinion of counsel reasonably
     satisfactory to the Company to the effect that such registration or
     qualification is not required.

          (c) Each certificate or other instrument for Warrant Shares issued
     upon exercise of this Warrant shall, if required under the Securities Act
     or the rules promulgated thereunder, be imprinted with a legend
     substantially to the effect set forth in each of Sections 7(a) and 7(b).

8.   RIGHTS OF THE HOLDER.
     --------------------

          Anything Contained Herein to the contrary notwithstanding, the shares
     of Common Stock issuable upon exercise of this Warrant shall be entitled to
     all rights and benefits accorded thereto in any investor rights or
     shareholders or similar agreement between and/or among the Company and the
     holders of the Common Stock, and the Company shall take all actions and
     shall execute and deliver all documents necessary or desirable, including
     any amendments to such agreement(s) to make the holder a party thereto.

9.   TRANSFER OF WARRANT.
     -------------------

          (a) Subject to the restriction set forth in Section 7, this Warrant
     and all rights hereunder are transferable, in whole, or in part, at the
     agency or office of the Company referred to in Section 2, by the holder
     hereof in person or by duly authorized attorney, upon surrender of this
     Warrant properly endorsed, together with a written assignment of this
     Warrant substantially in the form of Exhibit B hereto. Upon surrender at
     such agency or office, this Warrant may be exchanged for a Warrant or
     Warrants in other denominations or the transfer thereof may be registered
     in whole or in part; provided that such other Warrants evidence the same
                          --------
     aggregate number of Warrant Shares as the Warrant so surrendered.

          (b) The Company shall prepare, issue and deliver at its own expense
     (other than transfer taxes) a new Warrant under this Section 9. The Company
     will pay all documentary stamp taxes attributable to the initial issuance
     of this Warrant and of the Warrant Shares upon the exercise of this
     Warrant. Notwithstanding the foregoing, the Company will not be required to
     pay any tax or taxes which may be payable in respect of any transfer
     involved in the issuance of any Warrant or any certificates for Warrant
     Shares in a name other than that of the registered holder of such Warrant,
     and the Company shall not be required to issue or deliver such Warrant
     unless or until the person or persons requesting the issuance thereof shall
     have paid to the Company the amount of such tax or shall have established
     to the reasonable satisfaction of the Company that such tax has been paid.

          (c) The Company agrees to maintain, at its aforesaid office or agency,
     books for the registration or transfer of the Warrants.

10.  REORGANIZATIONS, ETC.
     ---------------------

          In case of any capital reorganization, of any reclassification of the
     stock of the Company (other than a change in par value or from par value to
     no par value or from no par
<PAGE>

     value to par value or as a result of a stock dividend or subdivision,
     split-up or combination of shares), or the consolidation or merger of the
     Company with or into another corporation (other than a consolidation or
     merger in which the Company is the continuing corporation and which does
     not result in any change in the Common Stock) or of the sale of all or
     substantially all the properties and assets of the Company as an entirety
     to any other corporation, this Warrant shall, after such reorganization,
     reclassification, consolidation, merger or sale, be exercisable for the
     kind and number of shares of stock or other securities or property of the
     Company or of the corporation resulting from such consolidation or
     surviving such merger or to which such properties and assets shall have
     been sold to which such holder would have been entitled if he had held the
     Common Stock issuable upon the exercise hereof immediately prior to such
     reorganization, reclassification, consolidation, merger or sale. In any
     such reorganization or other action or transaction described above,
     appropriate provision shall be made with respect to the rights and
     interests of the holder of this Warrant to the end that the provisions
     hereof (including, without limitation, provisions for adjustments of the
     Warrant Price and of the number of shares purchasable and receivable upon
     the exercise of this Warrant) shall thereafter be applicable, as nearly as
     may be, in relation to any shares of stock, securities or assets thereafter
     deliverable upon the exercise hereof. The Company will not effect any such
     consolidation, merger or sale unless, prior to the consummation thereof,
     the successor corporation or entity (if other than the Company) resulting
     from such transaction or the corporation or entity purchasing such assets
     shall assume by a written instrument, executed and mailed or delivered to
     the registered holder hereof at the last address of such holder appearing
     on the books of the Company, the obligation to deliver to such holder such
     shares of stock, securities or assets as, in accordance with the foregoing
     provisions, such holder may be entitled to purchase.

11.  LOST, STOLEN, MUTILATED OR DESTROYED WARRANT.
     --------------------------------------------

          If this Warrant is lost, stolen, mutilated or destroyed, the Company
     may, on such terms as to indemnity or otherwise as it may in its reasonable
     discretion impose (which shall, in the case of a mutilated Warrant, include
     the surrender thereof), issue a new Warrant of like denomination and tenor
     as the Warrant so lost, stolen, mutilated or destroyed. Any such new
     Warrant shall constitute an original contractual obligation of the Company,
     whether or not the allegedly lost, stolen, mutilated or destroyed Warrant
     shall be at any time enforceable by anyone.

12.  MODIFICATION AND WAIVER.
     -----------------------

          This Warrant and any provision hereof may be changed, waived,
     discharged or terminated only by an instrument in writing signed by the
     party against which enforcement of the same is sought.

13.  NOTICES.
     -------

          All notices, advices and communications to be given or otherwise made
     to any party to this Warrant shall be deemed to be sufficient if contained
     in a written instrument delivered in person or by telecopier or duly sent
     by first class registered or certified mail, return receipt requested,
     postage prepaid, or by overnight courier, or by electronic mail, with a
     copy thereof to be sent by mail (as aforesaid) within 24 hours of such
     electronic mail, addressed to such party at the address set forth below or
     at such other address as may hereafter be designated in writing by the
     addressee to the addresser listing all parties:

          (a)  If to the Company, to:
               TiVo Inc.
<PAGE>

               2160 Gold Street
               Alviso, CA 95002
               Attention:  Chief Financial Officer
               Telecopier:  (408) 519-5333
               e-mail address:  dave@tivo.com; and

          (b)  If to AOL as follows:
               America Online, Inc.
               22000 AOL Way
               Dulles, Virginia  20166
               Attention:  General Counsel
               Telecopier:  (703) 265-1495
               e-mail address:  PTCapp@aol.com

     Or to such other address as the party to whom notice is to be given may
     have furnished to the other parties hereto in writing in accordance
     herewith. Any such notice or communication shall be deemed to have been
     delivered and received (i) in the case of personal delivery or delivery by
     telecopier, on the date of such deliver, (ii) in the case of nationally
     recognized overnight courier, on the next Business Day after the date when
     sent and (ii) in the case of mailing, on the third Business Day following
     that on which the piece of mail containing such communication is posted.

14.  BINDING EFFECT ON SUCCESSORS; SURVIVAL.
     --------------------------------------

          This Warrant shall be binding upon any corporation succeeding the
     Company by merger, consolidation or acquisition of all or substantially all
     of the Company's assets. All of the obligations of the Company relating to
     the Common Stock issuable upon the exercise of this Warrant shall survive
     the exercise and termination of this Warrant. All of the covenants and
     agreements of the Company shall inure to the benefit of the successors and
     assigns of AOL.

15.  DESCRIPTIVE HEADINGS AND GOVERNING LAW.
     --------------------------------------

          The description headings of the several sections and paragraphs of
     this Warrant are inserted for convenience only and do not constitute a part
     of this Warrant. This Warrant shall be construed and enforced in accordance
     with, and the rights of the parties shall be governed by, the laws of the
     State of New York.

16.  FRACTIONAL SHARES.
     -----------------

          No fractional shares shall be issued upon exercise of this Warrant.
     The Company shall, in lieu of issuing any fractional share, pay the holder
     entitled to such fraction a sum in cash equal to such fraction multiplied
     by the then Fair Market Value of one Warrant Share.

17.  LIMITATION OF LIABILITY.
     -----------------------

          No provision of this Warrant, in the absence of affirmative action by
     the holder hereof to purchase Warrant Shares, and no enumeration in this
     Warrant of the rights or privileges of the holder hereof, shall give rise
     to any liability of such holder for the purchase price of any Warrant
     Shares or as a stockholder of the Company, whether such liability is
     asserted by the Company or by creditors of the Company.

18.  REMEDIES.
     --------

          The Company and the holder of this Warrant each stipulates that the
     remedies at
<PAGE>

     law of each party hereto in the event of any default or threatened default
     by the other party in the performance or compliance with any of the terms
     of this Warrant are not and will not be adequate and that, to the fullest
     extent permitted by law, such terms may be specifically enforced by a
     decree for the specific performance of any agreement contained herein or by
     an injunction against a violation of any of the terms hereof or otherwise.

19.  COUNTERPARTS.
     ------------

          This Warrant may be executed by any number of counterparts and each of
     such counterparts will for all purposes be deemed to be an original, and
     all such counterparts will together constitute one and the same instrument.

20.  SEVERABILITY.
     ------------

          The provisions of this Warrant are severable, and if any clause or
     provision may be held invalid, illegal or unenforceable in whole or in part
     in any jurisdiction, then such invalidity or unenforceability will affect
     only that clause or provision, in part thereof, in that jurisdiction, and
     shall not in any manner affect that clause or provision or any other clause
     or provision in this Warrant in any other jurisdiction.

21.  NONWAIVER.
     ---------

          No course of dealing or any delay or failure to exercise any right
     under this Warrant by any holder of this Warrant will operate as a waiver
     of such right or otherwise prejudice such holder's rights, power or
     remedies.

                 [Remainder of page intentionally left blank.]
<PAGE>

          IN WITNESS WHEREOF, the undersigned have caused this Warrant to be
executed by their duly authorized officers on the date first above written.

                                    TIVO INC.

                                    By: /s/ DAVID H. COURTNEY
                                        --------------------------------------
                                        Name:  David H. Courtney
                                        Title: Senior Vice President, Finance
                                               & Administration

ATTEST: /s/ ALAN C. MENDELSON
       -----------------------------
        Alan C. Mendelson, Secretary

                                    AMERICA ONLINE, INC.

                                    By: /s/ LYNDA CLARIZIO
                                        ------------------------------------
                                        Name:  Lynda Clarizio
                                        Title: Senior Vice President

<PAGE>

                                   Exhibit A

                               Notice of Exercise

                    [To be signed upon exercise of Warrant]

          The undersigned, the holder of the Warrant, hereby irrevocably elects
to exercise the purchase rights represented by such Warrant for, and to purchase
thereunder, _________ shares of _________ of TiVo Inc. and herewith makes
payment of $_________ therefor, and requests that the certificates for such
shares be issued in the name of and delivered to, _____________________________,
whose address is ________________________________.

Dated:_____________
                              _________________________________
                              (Signature)

                              _________________________________
                              (Address)

                                   Exhibit B

                               Form of Assignment

                  [To be signed only upon transfer of Warrant]

          For value received, the undersigned hereby sells, assigns and
transfers unto the right represented by the Warrant to purchase _______ shares
of _________ of TiVo Inc., to which the Warrant relates, and appoints Attorney
to transfer such right on the books of TiVo Inc., with full power of
substitution in the premises.

Dated:_____________
                              ____________________________
                              (Signature)

Signed in the presence of:

______________________________

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