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Exhibit 10.26    
    

EXCHANGE AGREEMENT  

        THIS EXCHANGE AGREEMENT (the "Agreement") is made and entered into this 30th day of June 2004 by and among
Iteris Holdings, Inc., a California corporation (the "Company"), and the persons listed on  Schedule A hereto (each a "Stockholder" and collectively, the
"Stockholders"). 

RECITALS  

        A.    WHEREAS, the Stockholders are currently the record and beneficial holders of shares of Common Stock of
Iteris, Inc., a Delaware corporation ("Iteris"), as more specifically set forth on  Schedule A under the column "Securities Held" (such
shares collectively referred to herein as the "Iteris
Shares"). 

        B.    WHEREAS, the parties to this Agreement (each a "Party" and collectively,
the "Parties") desire to enter into this Agreement to facilitate the exchange of the Iteris Shares for shares of the Company's Class A common
stock (the "Share Exchange"). 

        C.    WHEREAS,
immediately following the consummation of the Share Exchange, the Company shall enter into an agreement and plan of merger with Iteris (the
"Merger Agreement"), whereby Iteris shall be merged with and into the Company pursuant to the provisions of Section 253 of the Delaware General
Corporation Law, with the Company as the surviving entity (the "Merger"). 

        D.    WHEREAS,
the Share Exchange, considered together as a single integrated transaction with (i) the stock purchases and exchange made by the Company pursuant to the
Stock Purchase and Exchange Agreement dated as of March 31, 2004 by and among the Company, Iteris, DaimlerChrysler Venture GmbH and Hockenhiem Investment Pte. Ltd. (the
"Stock Purchase Agreement") and (ii) the Merger, is intended to qualify for federal income tax purposes as a reorganization under
Section 368(a)(1)(A) of the Internal Revenue Code of 1986, as amended (the "Code"), and the Treasury Regulations promulgated thereunder and other
applicable federal income tax law. 

        NOW THEREFORE, in consideration of the foregoing and the agreements and covenants contained herein, the Parties hereto agree as follows: 

        1.    Exchange of Securities.    The Stockholders agree to exchange the Iteris Shares (and all rights, title and
interest in such shares) for the number of shares of the Company's Class A common stock set forth opposite their names on Schedule A under
the column "Exchange Shares" (collectively, the "Exchange Shares"). 

        2.    Closing.    The consummation of the exchange of the Iteris Shares for the Exchange Shares shall occur at the
offices of Dorsey & Whitney LLP, 38 Technology Drive, Irvine, California, 92618, at 1:00 P.M. on June 30, 2004, or at such other time and place as the Company and Stockholders
exchanging in the aggregate more than half the shares of Iteris Shares exchanged pursuant hereto mutually agree upon orally or in writing (which time and place are designated as the
"Closing"). At such Closing, the Stockholders shall deliver to the Company a share certificate or certificates representing the Iteris Shares, duly
endorsed in blank or accompanied by duly executed stock papers or stock powers in the form attached hereto as Exhibit A. Upon receipt of the
foregoing items, the Company shall issue to the Stockholders a share certificate or certificates representing the Exchange Shares. As of such Closing, the Stockholders shall have no further rights
with respect to the Iteris Shares (other than the right to receive the Exchange Shares), whether such rights shall have accrued or arisen prior to or after the date hereof, and all such rights with
respect to the Iteris Shares shall be held by the Company, who shall be deemed to be the record and beneficial owner of such Iteris Shares. 

        3.    Tax Free Reorganization.    The Share Exchange, considered together as a single integrated transaction with the
stock purchases and exchange made pursuant to the Stock Purchase Agreement (the "Company Stock Purchases") and the Merger, is intended to be a
reorganization within the meaning of Section 368(a)(1)(A) of the Code and the Treasury Regulations promulgated thereunder, 

 

and
this Agreement, considered together with the Stock Purchase Agreement and the Merger Agreement, is intended to be a "plan of reorganization" within the meaning of the Treasury Regulations
promulgated under Section 368 of the Code. Each party hereto agrees to treat the Share Exchange, considered together with the Company Stock Purchases and the Merger, as a reorganization within
the meaning of Section 368(a)(1)(A) of the Code and agrees to treat this Agreement, together with the Stock Purchase Agreement and the Merger Agreement, as a "plan of reorganization" within the
meaning of the Treasury Regulations promulgated under Section 368 of the Code, and not to take any position on any tax return or otherwise take any tax reporting position inconsistent with such
treatment, unless otherwise required by a "determination" within the meaning of Section 1313 of the Code that such treatment is not correct. Each party hereto agrees to act in good faith,
consistent with the intent of the parties and the intended treatment of the Share Exchange, considered together with the Company Stock Purchases and the Merger, as set forth in this  Section 3.

        4.    Representations and Warranties of the Company.    The Company represents and warrants that as of the date
hereof: 

        a.     The
Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with the requisite corporate power and
authority to own its properties and conduct its business as now conducted. 

        b.     The
Company has the requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly and validly
authorized by the Company and, when executed and delivered by the Company, will constitute a valid and legally binding agreement of the Company, enforceable against the Company in accordance with its
terms except as the enforcement thereof may be limited by (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating
to or affecting creditors' rights generally or (ii) general principles of equity and the discretion of the court before which any proceeding therefor may be brought (regardless of whether such
enforcement is considered in a proceeding at law or in equity). 

        c.     The
Exchange Shares have been duly authorized and validly reserved for issuance and, when issued and delivered in accordance with the terms of this Agreement, will be
duly and validly issued, fully paid and nonassessable. 

        d.     No
consent, approval, authorization, license, qualification, exemption or order of any court or governmental agency or body or third party is required for the performance
of the Exchange Agreement by the Company or for the consummation by the Company of any of the transactions contemplated thereby, except for such consents, approvals, authorizations, licenses,
qualifications, exemptions or orders (i) as have been obtained, (ii) as are not required to be obtained under the securities laws prior to the date hereof or (iii) which the
failure to obtain would not, individually or in the aggregate, have a material adverse effect on the business, financial, properties or assets of the Company. 

        5.    Representations and Warranties of the Stockholders.    Each of the Stockholders represents, warrants and
covenants to the Company that: 

        a.    Ownership of the Securities.    Such Stockholder is the sole record and beneficial owner of the shares of the
Common Stock of Iteris set forth opposite its name on Schedule A under the column "Securities Held". Such Iteris Shares will not be subject to
any claim, lien, pledge, charge, security interest or other encumbrance or to any rights of first refusal of any kind, and the Stockholders have not granted any rights to purchase such Iteris Shares
to any other person or entity. The Stockholders will have the sole right and power to transfer such Iteris Shares, and all action on the part of each of the Stockholders, its officers, directors or
shareholders, as the case 

2

 

may
be, necessary for the authorization, execution and delivery of this Agreement and the performance of all obligations hereunder, have been taken or will be taken prior to the Closing. 

        b.    Transfers.    Except as set forth in this Agreement, such Stockholder has not sold, assigned, pledged,
hypothecated or otherwise transferred any of the Iteris Shares or entered into any agreement or plan to do so. 

        c.    Acquired Entirely for Own Account.    Such Stockholder is acquiring the Exchange Shares for investment for such
Stockholder's own account with the present intention of holding such securities for purposes of investment, and Stockholder has no intention of selling such securities in a public distribution in
violation of the federal securities laws or any applicable state securities laws. 

        d.    Authority.    Such Stockholder has the full power and authority to enter into this Agreement and exchange the
Iteris Shares for the Exchange Shares. This Agreement constitutes such Stockholder's valid and legally binding obligation, enforceable in accordance with its terms except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditor's rights, and (ii) general principles of equity that
restrict the availability of equitable remedies. 

        e.    Accredited Stockholder.    Such Stockholder is an "accredited investor" within the meaning of Rule 501 of
Regulation D, as presently in effect, promulgated pursuant to the Securities Act of 1933, as amended (the "Act"). 

        f.    Restricted Securities.    Such Stockholder acknowledges and understands that the Exchange Shares are
characterized as "restricted securities" under the federal securities laws inasmuch as they are being
acquired from the Company in a transaction not involving a public offering, and such securities may be resold without registration under the Act only in certain limited circumstances. Such Stockholder
is familiar with Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Act. 

        g.    Investment Experience.    Such Stockholder can bear the economic risk of an investment in the Exchange Shares.
The Stockholder has sufficient knowledge and experience in financial or business matters that such Stockholder is capable of evaluating the merits and risks of the investment in the Exchange Shares.
Such Stockholder has not been organized for the purpose of acquiring such securities. 

        h.    Access to Information.    Such Stockholder believes that it has received all the information that it considers
necessary or appropriate in making the investment decision in connection with the Exchange Shares and has had an opportunity to ask questions and receive answers from the Company regarding the
Company's business, properties, prospects and financial condition. 

        i.    Tax and Legal Matters.    Such Stockholder warrants that it has received or had the opportunity to receive
separate tax and legal advice regarding the transactions contemplated by this Agreement and understands that it must rely solely on such Stockholder's own advisors and not on any statements or
representations by the Company or any of its attorneys, investment advisors, accountants or other agents with respect to tax or legal matters. Such Stockholder assumes full responsibility for any
taxes, interest and/or penalties that may ultimately be assessed upon the Exchange Shares or the transaction or that may be imposed as a result of Stockholders' receipt of any benefit under this
Agreement. 

        6.    Legend.    Each of the Stockholders acknowledges and agrees that in addition to any other legend that may be
required by federal or state securities laws, each certificate representing any of the 

3

 

Exchange
Shares issued pursuant to this Agreement shall bear a legend in substantially the following form: 

"These
securities have not been registered under the Securities Act of 1933, as amended. They may not be sold, offered for sale, pledged, hypothecated or otherwise transferred (i) in the
absence of a registration statement in effect with respect to the securities under such Act or (ii) unless transferred pursuant to an exemption from the Act, and assurances (including but not
limited to an opinion of counsel), if so required by the company, are provided to the company, satisfactory in form and content to the company, stating that such sale or transfer is exempt from the
registration requirements of such Act." 

        7.    Further Assurances.    Each of the Parties shall execute and deliver such other and further documents and
instruments, and take such other and further actions, as may be reasonably requested of it for the implementation and consummation of this Agreement and the transactions herein contemplated. 

        8.    Survival.    The representations, warranties and covenants of the Company and the Stockholders contained in or
made pursuant to this Agreement shall survive the execution and delivery of this Agreement and the Closing. 

        9.    Notices.    All notices required or permitted hereunder shall be in writing and shall be deemed effectively
given: (a) upon personal delivery to the party to be notified; (b) when sent by electronic mail or confirmed facsimile if sent during normal business hours of the recipient, if not, then
on the next business day; (c) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the address as set forth on the signature page hereof or at such
other address as such party may designate by ten days' advance written notice to the other Parties. 

        10.    Parties in Interest.    This Agreement shall be binding upon and inure to the benefit of the Parties and the
successors and assigns of all of them, but shall not confer, expressly or by implication, any rights or remedies upon any other party. 

        11.    Entire Agreement.    This Agreement contains the entire agreement of the Parties with respect to the subject
matter hereof, and can only be modified or amended by a written agreement signed by the Parties. The Parties acknowledge and agree that no representations, inducements, promises or agreements, verbal
or otherwise, have been made by any Party, or anyone acting with authority on behalf of any Party, which are not embodied herein, and that no other agreement, statement or promise may be relied upon
or shall be valid or binding. 

        12.    Severability.    If any provision of this Agreement is held to be invalid or unenforceable under applicable
law, the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision and will be interpreted so as to
effect, as closely as possible, the intent of the parties hereto. 

        13.    Governing Law.    This Agreement shall be governed and interpreted in accordance with the laws of the State of
California without regard to the conflicts of law provisions thereof. 

        14.    Counterparts.    This Agreement may be executed in two or more counterparts, including counterparts transmitted
by facsimile, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

        15.    Titles and Subtitles.    The titles and subtitles used in this Agreement are used for convenience only and are
not to be considered in construing or interpreting this Agreement. 

4

        IN WITNESS WHEREOF, this Agreement has been executed to be effective as of the date and year first above written. This Agreement may be
executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

	 	 	COMPANY:
	

 	
 	
ITERIS HOLDINGS, INC.
	

 	
 	

By:	

/s/  GREGORY A. MINER      

	

 	
 	

Name:	

Gregory A. Miner

	 	 	Title:	CEO

	

 	
 	

Address:	

1515 S. Manchester Avenue

	 	 	 	Anaheim, California 92802

	 	 	Facsimile No.:	(714) 780-7857

[SIGNATURE PAGE CONTINUES]  

[STOCKHOLDER'S SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Joel and Judith Slutzky Trust Dated 8/25/94
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  JOEL SLUTZKY      
 (Signature)
	

 	
 	

By:	

/s/  JUDITH SLUTZKY      
 (Signature)
	

 	
 	

Name:	

Joel and Judith Slutzky

	 	 	Title:	TTEES

	

 	
 	

Address:	

424 Via Lido Nord

	 	 	 	Newport Beach, CA 92663

	 	 	Fax No.:	(949) 673-5224

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	 
	 	 	

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Joel Slutzky IRA
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  JOEL SLUTZKY IRA      
 (Signature)
	

 	
 	

Name:	

Joel Slutzky IRA

	 	 	Title:	@ Schwab

	

 	
 	

Address:	

 
	 	 	 	

	 	 	 	 
	 	 	 	

	 	 	Fax No.:	 
	 	 	 	

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	 
	 	 	

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Kevin C. and Susan T. Daly TTEE U/A/D 05/04/99
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  KEVIN DALY      

	 	 	 	/s/  SUSAN DALY      
 (Signature)
	

 	
 	

Name:	

Kevin Daly

	 	 	Title:	Trustee

	 	 	Name:	Susan Daly

	 	 	Title:	Trustee

	

 	
 	

Address:	

2245 Port Carlisle Pl.

	 	 	 	Newport Beach, CA 92660

	 	 	Fax No.:	(949) 760-3818

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	CA

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Gregory A. Miner
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  GREGORY A. MINER      
 (Signature)
	

 	
 	

Name:	

Gregory A. Miner

	 	 	Title:	 
	 	 	 	

	

 	
 	

Address:	

4152 Boulton

	 	 	 	Lakewood, CA

	 	 	Fax No.:	 
	 	 	 	

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	CA

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Loren B. Miner
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  LOREN B. MINER      
 (Signature)
	

 	
 	

Name:	

Loren B. Miner

	 	 	Title:	Individual

	

 	
 	

Address:	

4152 Boulton Drive

	 	 	 	Lakewood, CA 90712

	 	 	Fax No.:	 
	 	 	 	

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	CA

[STOCKHOLDER'S SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Abbas Mohaddes
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  ABBAS MOHADDES      
 (Signature)
	

 	
 	

By:	

/s/  ABBAS MOHADDES      
 (Signature)
	

 	
 	

Title:	

Exec. V.P. Iteris

	

 	
 	

Address:	

3432 Seaglen Dr.

	 	 	 	Rancho P.R. Ca, 90275

	 	 	Fax No.:	310-544-3356

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	 
	 	 	

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
The Mohaddes Family Trust, dated 12/19/02
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  ABBAS MOHADDES      
 (Signature)
	

 	
 	

By:	

/s/  THERESA MOHADDES      
 (Signature)
	

 	
 	

Name:	

Abbas Mohaddes / Theresa Mohaddes

	 	 	Title:	Trustee

	

 	
 	

Address:	

3432 Seaglen Dr.

	 	 	 	Rancho P.R. Ca, 90275

	 	 	Fax No.:	(310) 544-3356

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	California

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
First American Trust, FSB as Trustee for the Iteris, Inc. Deferred Compensation Savings Plan No. 33-0088-00
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  DENISE C. MEHUS      
 (Signature)
	

 	
 	

Name:	

Denise C. Mehus

	 	 	Title:	Vice President

	

 	
 	

Address:	

421 North Main Street

	 	 	 	Santa Ana, CA 92701

	 	 	Fax No.:	(619) 615-4966

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	CA

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Richard R. Bonadio
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  RICHARD R. BONADIO      
 (Signature)
	

 	
 	

Name:	

Richard R. Bonadio

	 	 	Title:	 
	 	 	 	

	

 	
 	

Address:	

6 Inverneus Lane

	 	 	 	Newport Beach, CA 92660

	 	 	Fax No.:	949-644-3512

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	CA

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Dalart Investments, L.P.
 (Print Name of Stockholder)
	

 	
 	

By:	

Bergman Group, Inc., General Partner
	

 	
 	

By:	

/s/  RICHARD A. BERGMAN      
 (Signature)
	

 	
 	

Name:	

Richard A. Bergman

	 	 	Title:	President

	

 	
 	

Address:	

175 S. Barrington Place

	 	 	 	Los Angeles, CA 90049

	 	 	Fax No.:	310-440-3002

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	 
	 	 	

[STOCKHOLDER'S
SIGNATURE PAGE TO

EXCHANGE AGREEMENT] 

	 	 	STOCKHOLDER:
	

 	
 	
Bainbridge Partners, LLC
 (Print Name of Stockholder)
	

 	
 	

By:	

/s/  EDWARD G. VICTOR      
 (Signature)
	

 	
 	

Name:	

Edward G. Victor

	 	 	Title:	Manager

	

 	
 	

Address:	

175 S. Barrington Place

	 	 	 	Los Angeles, CA 90049

	 	 	Fax No.:	310-440-2955

	

 	
 	

State of incorporation (if corporation) or state of residence (if individual purchaser):
	 	 	California

Schedule A  

	Stockholder
 
	 	Securities Held
	 	Exchange Shares

	 
	 	(Shares of Common Stock of Iteris, Inc.)
 
	 	(Shares of Class A common stock of Iteris Holdings, Inc.)
 

	Joel and Judith Slutzky Trust DTD 08/25/94	 	330,793	 	661,586
	Joel Slutzky IRA Charles Schwab Custodian	 	72,308	 	144,616
	Kevin C. and Susan T. Daly TTEE U/A/D 05/04/99 FBO Daly Family Trust	 	53,405	 	106,810
	Kevin C. and Susan T. Daly TTEE U/A/D 05/04/99	 	111,111	 	222,222
	Gregory A. Miner	 	20,594	 	41,188
	Prudential Securities C/F Greg Miner IRA# JFK R24585	 	9,615	 	19,230
	Prudential Securities C/F Loren Miner IRA# JFK R24577-ORC	 	9,615	 	19,230
	Abbas Mohaddes	 	336,111	 	672,222
	The Mohaddes Family Trust, dated 12/19/02	 	5,770	 	11,540
	First American Trust, FSB as Trustee for the Iteris, Inc. Deferred Compensation Savings Plan No. 33-0088-00(1)	 	4,230	 	8,460
	Richard R. Bonadio	 	120,605	 	241,210
	Dalart Investments, L.P.	 	122,692	 	245,384
	Bainbridge Partners, LLC	 	122,692	 	245,384
	 	 	
	 	

	TOTAL	 	1,319,541	 	2,639,082

	(1)
	Stock
certificate for Iteris Holdings, Inc. shares should be issued to "First American Trust, FSB as Trustee for the Iteris, Inc. Deferred Compensation Savings Plan No. 1033-0088-00". 

STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE  

        FOR VALUE RECEIVED, the undersigned does hereby transfer and assign unto Iteris Holdings, Inc. a total of
                        shares of Common Stock of Iteris, Inc., a Delaware corporation (the "Company"), standing in
his/her/its name on the books of the Company and evidenced by Stock Certificate No.
                        and does hereby irrevocably constitute and appoint the Secretary of the Company as attorney-in-fact to
transfer the said stock on the books of the Company with
full power of substitution in the premises. 

Dated:
June    , 2004 

	 	 	
 (Print Name Exactly as Shown on Stock Certificate)
	

 	
 	

By:	

 (Signature)
	

 	
 	

Name:	

	

 	
 	

Title:	

QuickLinks

Exhibit 10.26QuickLinks
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EXHIBIT 10.26    
    

 
  AMENDMENT TO EMPLOYMENT AGREEMENT    
    

        This amendment to the Employment Agreement dated July 1, 2002 by and between Rentrak Corporation, an Oregon corporation (the "Company"), and Ronald Giambra
("Executive") (said Employment Agreement being referred to herein as the "Original Agreement"), is made as of the date executed by the parties below and is intended to supplement and supercede the
Original Agreement in the following respects. 

        1.    Extension of Term.    The parties agree to extend the term set forth the three year term set forth in
Section 1.1 of the Original Agreement for one (1) year such that the employment of Executive shall will continue until June 30, 2006 (as opposed to June 30, 2005 in the
Original Agreement), unless earlier terminated as provided in the Original Agreement. 

        2.    Severance Payment on Change in Control.    For purposes of this Agreement, a "Change in Control" of the Company
shall be deemed to have occurred if any of the events set forth below occur after the date hereof: 

        (a)   Any
"person" as defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") is or becomes the "beneficial owner" (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the corporation's
then-outstanding securities; or 

        (b)   The
shareholders of the Company approve a merger or consolidation of the corporation with any other corporation; or 

        (c)   The
shareholders of the Company approve a plan of liquidation of the corporation or an agreement for the sale or disposition of the corporation or all or substantially
all of its assets; or 

        (d)   The
Theatrical Division of the Company (or all or substantially all of its assets) is sold to any other company or corporation. 

In
the event a Change in Control occurs (or in the event Executive is terminated by the Company within 2 years after a Change in Control occurs, provided such termination is (a) by the
Company other than for Cause, as defined in Section 4.3.1 of the Original Agreement, or (b) by Executive for Good Reason, as defined in Section 4.5.1 thereof), then the Company
shall immediately pay to Executive a cash lump sum in an amount equal to (I) 2.99 multiplied by Executive's "Base Salary" determined pursuant to Section 280G of the Internal Revenue Code
of 1986, as amended ("the Code"), less (ii) any other amount which constitutes a "parachute payment" to Executive as defined in Section 280G(b)(2) of the Code. 

        3.    Section 280G Cap.    It is the intent of the parties hereto that no amount payable pursuant to the terms
of this Agreement shall cause any payment or transfer by the Company or for the benefit of Executive, whether paid or payable (or transferred or transferable) pursuant to the terms of this Agreement
or otherwise (a "Payment"), to be subject to taxation under Section 4999 of the Code and as an "excess parachute payment" as defined in Section 280G of the Code. In the event that the
last independent auditors selected by the Board prior to the termination of Executive under this Agreement (the "Auditors") determine that any such item constitutes an "excess parachute payment," and
that the limitation of this Section 2 of this Amendment would result in a larger after-tax benefit to Executive, then Executive may (but is not required to) irrevocably elect to
relinquish or not exercise any payments or benefits available to Executive under any plan, contract or program before the payment or enjoyment thereof in order to limit such payments or benefits for
the purpose of (I) eliminating any "excess parachute payment" or (ii) causing Executive to become eligible to receive all or any portion of the cash payment that would be made pursuant
to Section 2 of this Amendment to the Original Agreement if Executive had no "parachute payments" as defined in Section 280G(b)(2) of the Code. For purposes of these calculations,
(I) all amounts received in connection with Executive's employment by the Company or to be received by Executive in connection with a change in the ownership or effective control of the
Company, or a change in the ownership of a substantial portion of the assets of 

the
Company (including but not limited to payments or benefits that Executive becomes entitled to in connection with a "Change in Control" as defined in Section hereof) shall be treated as "parachute
payments" within the meaning of Section 280G(b)(2) of the Code, except to the extent that such amounts are (A) relinquished pursuant to the preceding sentence or (B) identified in
the written opinion of independent tax counsel selected by the Auditors and approved by Executive (which approval shall not be unreasonably withheld) as not constituting parachute payments or excess
parachute payments (in whole or in part), or as representing reasonable compensation for personal services to be rendered or actually rendered before the Change in Control in excess of the base
amount, within the meaning of Section 280G(b)(4)(B) of the Code, and (ii) the value of any non-cash benefit or any deferred cash payment included in the calculations shall be
determined by the Auditors in accordance with the principles of Section 280G(d)(3) and (4) of the Code. The Company shall bear the expense of obtaining the opinion of the independent tax
counsel referred to in the preceding sentence. 

        4.    No Mitigation.    Executive shall not be required to mitigate damages with respect to the amount of any payment
provided under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment provided under this Agreement be reduced by retirement benefits, deferred compensation or
any compensation earned by Executive as a result of employment by another employer. 

        5.    Successor to Company.    The Company shall require any successor or assign (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company, by agreement in form and substance satisfactory to Executive, expressly,
absolutely and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such successor or
assignment had taken place. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor or assign to its business and/or assets as aforesaid which executes
and delivers the agreement provided for in this section or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. 

        3.    No Other Changes:    Except as expressly provided for in this Agreement, the Original Agreement will remain in
full force and effect. 

        4.    Entire Agreement.    This Amendment to the Original Agreement contains the entire agreement and understanding
between the parties regarding the limited subject matter addressed herein and supersedes any prior or contemporaneous written or oral agreements, representations and warranties between them respecting
the subject matter of this Amendment. This Amendment may be amended only by a writing signed by Executive and by a duly authorized representative of Company. 

The
parties have duly executed this Agreement effective as of June 1, 2003. 

	RENTRAK CORPORATION	EXECUTIVE:
	

By	

 
	Name:	Ronald Giambra
	Title:	 

QuickLinks

EXHIBIT 10.26

AMENDMENT TO EMPLOYMENT AGREEMENT

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