Document:

Amended and Restated Employment Agreement

 Exhibit 10.6 
 EXECUTION COPY 
 AMENDED AND RESTATED EMPLOYMENT
AGREEMENT 
 This Amended and Restated Employment Agreement between DAVID I. CHEMEROW (“Executive”) and
RENTRAK CORPORATION, an Oregon corporation (“Corporation”), initially entered into as of September 14, 2009, is being amended and restated as set forth herein, effective October 15, 2009. 
 1. SERVICES 
 1.1
Employment Position. Corporation agrees to employ Executive as Chief Operating Officer and Chief Financial Officer, and Executive accepts such employment, under the terms and conditions of this Agreement. Executive also agrees to serve, if
elected, without separate compensation, as an officer and/or director of any subsidiary or affiliate of Corporation. For purposes of this Agreement, an “affiliate” of Corporation is a person that directly, or indirectly through one or more
intermediaries, controls or is controlled by, or is under common control with, Corporation. “Subsidiary” means (i) a “subsidiary corporation” of Corporation, within the meaning of Section 424(f) of the Internal Revenue
Code (the “IRC”), namely, any corporation in which Corporation directly or indirectly controls 50% or more of the total combined voting power of all classes of stock having voting power, and (ii) any partnership, limited liability
company, or other business entity of which Corporation owns or controls 50% or more of the voting interests. 
 1.2 Term.
The term of this Agreement (the “Term”) commenced on October 1, 2009, and will expire on September 30, 2013. 
 1.3 Duties. During the Term, Executive will serve in an executive capacity as Chief Operating Officer and Chief Financial Officer of Corporation. Executive will report directly to Corporation’s Chief Executive Officer. Executive
will perform such duties commonly incident to the offices of chief operating officer and chief financial officer and will exercise such powers as may from time to time be assigned to Executive by Corporation’s Chief Executive Officer or Board
of Directors (the “Board”). Executive will also serve as and perform the duties of secretary and principal accounting officer of Corporation; provided that the Board of Directors may assign the duties of one or both of these positions to
another officer of the Corporation from time to time in its sole discretion. Executive’s primary work location will be at Corporation’s headquarters in Portland, Oregon, and his primary residence will be in the Portland metropolitan area.
Executive will do such traveling as may be required in the performance of his duties under this Agreement. 
 1.4 Outside
Activities. During his employment under this Agreement, Executive will devote his full business time, energies, and attention to the business and affairs of Corporation and to the promotion and advancement of its interests. Executive will
perform his services faithfully, competently, and to the best of his abilities and will not engage in professional or personal business activities that may require an appreciable portion of Executive’s time or effort. Corporation acknowledges
that Executive may continue to be the non-executive chairman of the board of Playboy Enterprises, Inc., and a director of Dunham’s Athleisure Corporation, in each case so long as holding such position does not interfere with Executive’s
duties to Corporation. 
 1.5 Application of Corporate Policies. Executive will, except as otherwise provided in this
Agreement, be subject to Corporation’s rules, practices, and policies applicable generally to Corporation’s directors and employees, as such rules, practices, and policies may be revised from time to time by the Board, as well as to all
policies that apply to the Chief Operating Officer or Chief Financial Officer. 
  

 - 1 - 

 2. COMPENSATION AND EXPENSES 
 2.1 Base Salary. As compensation for services under this Agreement, Corporation will pay to Executive an initial annual base salary of
$150,000 per year, which will be increased by 10 percent on each April 1 during the Term of this Agreement, unless Executive’s employment has been terminated earlier pursuant to this Agreement, payable in a manner consistent with
Corporation’s payroll practices for management employees, as such practices may be revised from time to time. (In no event will Executive’s base salary be payable less often than monthly.) 
 2.2 Bonus Compensation. For the initial period of the Term ending March 31, 2010, Executive will be eligible to receive a
prorated cash bonus of up to $100,000 on an annual basis based on the achievement of performance measures (weighted at 20% each) attached as Appendix 2.2. Such cash bonus, if any, will be paid no later than May 30, 2010. For each
additional fiscal year in the Term beginning with the fiscal year ending March 31, 2011, Executive will be eligible for an annual bonus of up to $100,000 payable in cash within 60 days following the end of each fiscal year based on the
achievement of performance measures developed through discussions between the Chief Executive Officer and Executive and subject to the approval of the Compensation Committee of the Board. The Compensation Committee, after receiving input from
Executive, will determine the extent, if any, to which the applicable performance measures for a given period or fiscal year have been achieved in its sole discretion. 
 2.3 Equity-Based Compensation. 
 2.3.1 Stock Option Grant. On
October 1, 2009, Executive was granted a nonqualified stock option (the “Stock Option”) to purchase an aggregate of 121,750 shares of Corporation’s common stock with an exercise price equal to the fair market value of the
stock on the date of the grant, subject to the vesting and other provisions set forth in the Stock Option Award Agreement attached as Appendix 2.3.1. The Compensation Committee approved the grant of the Stock Option. 
 2.3.2 Restricted Stock Unit Award. On October 1, 2009, Executive was granted a restricted stock unit award (“Restricted
Stock Award”) relating to up to 131,173 shares of Corporation’s common stock, subject to the vesting and other provisions set forth in the Restricted Stock Unit Award Agreement attached as Appendix 2.3.2. The Compensation
Committee approved the grant of the Restricted Stock Award. 
 2.3.3 Balance of Term. Executive shall not be entitled to
receive grants of any additional equity-based compensation during the Term. 
 2.4 Additional Employee Benefits.
Executive may take vacation for up to four weeks during each 12-month period during the Term at such time or times as may be approved in advance by the Chief Executive Officer. Subject to the foregoing sentence, vacation and personal time off may be
taken in accordance with Corporation’s rules, practices, and policies applicable to Corporation’s senior executive employees, as such rules, practices, and policies may be revised from time to time by the Board or the Compensation
Committee. Also, at all times during the Term, Executive will be entitled to any other employee benefits approved by the Board or the Compensation Committee, or available to officers and other management employees generally, including any life and
medical insurance plans, disability insurance plans, 401(k) and other similar plans, and other health and welfare plans, each whether now existing or hereafter approved by the Board or the Compensation Committee (“Benefit Plans”). The
foregoing will not be construed to require Corporation to establish any other such plans or to prevent Corporation from modifying or terminating any such Benefit Plans. In addition, within 10 business days following delivery of appropriate
expense receipts by Executive, Corporation will reimburse Executive’s expenses of relocating to the Portland, Oregon, metropolitan area as follows: (a) Executive’s reasonable expenses to relocate him, his spouse and their possessions
from Atlanta, Georgia, up to a maximum of $30,000; (b) the amount of the real estate brokerage commission paid by Executive on the sale of his residence in Atlanta, Georgia, provided that the Corporation shall provide such reimbursement only if
and to the extent that the net sales price (that is, the gross sales price minus the brokerage commission) realized by Executive upon the sale of the residence is less than $2,200,000, and provided further that such reimbursement shall not exceed
$125,000; and (c) the costs associated with weekly travel by Executive or his spouse between Atlanta, Georgia and Portland, Oregon, including airfare and hotel accommodations and meals in Portland, incurred on or before March 31, 2010.

  

 - 2 - 

 2.5 Expenses. Subject to review and approval by the Chief Executive Officer,
Corporation will reimburse Executive for reasonable expenses actually incurred by Executive in connection with the business of Corporation. Executive will submit to Corporation such substantiation for such expenses as may be reasonably required by
Corporation. All domestic commercial air travel will be reimbursed at the coach class fare level unless otherwise approved in advance. International travel (other than to or from Canada) will be reimbursed at the business class fare level.

 3. CONFIDENTIAL INFORMATION 
 3.1 Definition. “Confidential Information” is all nonpublic information relating to Corporation or its business that is disclosed to Executive, that Executive produces, or that Executive
otherwise obtains during employment. Confidential Information also includes information received from third parties that Corporation has agreed to treat as confidential; provided that Executive has knowledge that Corporation has agreed to treat such
information as confidential. Examples of Confidential Information include, without limitation, marketing plans, customer lists or other customer information, product design and manufacturing information, and financial information. Confidential
Information does not include any information that (a) is within the public domain other than as a result of disclosure by Executive in violation of this Agreement, (b) was, on or before the date of disclosure to Executive (whether such
disclosure was made on, prior to, or subsequent to the date of this Agreement), already known by Executive, or (c) Executive is required to disclose in any governmental, administrative, judicial, or quasi-judicial proceeding, but only to the
extent that Executive is so required to disclose and provided that Executive takes reasonable steps to request confidential treatment of such information in such proceeding. 
 3.2 Access to Information. Executive acknowledges that in the course of his employment he will have access to Confidential
Information, that such information is a valuable asset of Corporation, and that its disclosure or unauthorized use will cause Corporation substantial and irreparable harm. 
 3.3 Ownership. Executive acknowledges that all Confidential Information will continue to be the exclusive property of Corporation (or
the third party that disclosed it to Corporation), whether or not prepared in whole or in part by Executive and whether or not disclosed to Executive or entrusted to his custody in connection with his employment by Corporation. 
 3.4 Nondisclosure and Nonuse. Unless authorized or instructed in advance in writing by Corporation, or required by law (as determined
by licensed legal counsel or judicial or quasi-judicial order), Executive will not, except as required in the course of Corporation’s business, during or after his employment, disclose to others or use any Confidential Information, unless and
until, and then only to the extent that, such items become available to the public through no fault of Executive. 
 3.5
Return of Confidential Information. Upon request by Corporation during or after his employment, and without request upon termination of employment pursuant to this Agreement, Executive will deliver immediately to Corporation all written,
stored, saved, or otherwise tangible materials containing Confidential Information without retaining any excerpts or copies. 
 3.6 Duration. The obligations set forth in this Section 3 will continue beyond the term of employment of Executive by Corporation and for so long as Executive possesses Confidential Information. 
 4. NONCOMPETITION 
 4.1
Definition of Competitive Entity. For purposes of this Agreement, a Competitive Entity is any firm, corporation, partnership, limited liability company, business trust, or other entity that is directly competitive with a business activity
engaged in by Corporation (or an activity specifically identified in Corporation’s strategic business plan approved from time to time by the Board subsequent to the date of this Agreement) as of the date of termination of Executive’s
employment with Corporation. 
  

 - 3 - 

 4.2 Covenant. During the Term and for a period ending on the last day of the
applicable Noncompete Period described in Section 5.7, Executive will not, within any geographical area where Corporation engages in business: 
 (a) Directly or indirectly, alone or with any individual, partnership, limited liability company, corporation, or other entity, become associated with, render services to, invest in, represent, advise, or
otherwise participate in any Competitive Entity; provided, however, that nothing contained in this Section 4.2 will prevent Executive from owning less than 5 percent of any class of equity or debt securities listed on a national securities
exchange or market, provided such involvement is solely as a passive investor; 
 (b) Solicit any business on
behalf of a Competitive Entity from any individual, firm, partnership, corporation, or other entity that is a customer of Corporation during the 12 months immediately preceding the date Executive’s employment with Corporation is
terminated; or 
 (c) Employ or otherwise engage or offer to employ the services of any person who has been an
employee, sales representative, or agent of Corporation during the 12 months preceding the date Executive’s employment with Corporation is terminated. 
 For purposes of this Section 4, “Corporation” means Corporation and its subsidiaries (whether now existing or subsequently created) and their successors and assigns. 
 4.3 Severability; Reform of Covenant. If, in any judicial proceeding, a court refuses to enforce this covenant not to compete because
it covers too extensive a geographic area or is too long in its duration, the parties intend and agree that it be reformed and enforced to the maximum extent permitted under applicable law. 
 5. TERMINATION 
 Executive’s employment under this Agreement will terminate prior to the end of the Term as follows: 
 5.1
Death. Executive’s employment will terminate automatically upon the date of Executive’s death. 
 5.2
Disability. Corporation may, at its option, terminate Executive’s employment under this Agreement upon written notice to Executive if Executive becomes eligible to receive a “Total Disability Monthly Benefit” under
Corporation’s long-term disability insurance program. 
 5.3 Termination by Corporation for Cause. Corporation may
terminate Executive’s employment under this Agreement for Cause at any time. For purposes of this Agreement, “Cause” means: (a) a material breach of this Agreement by Executive; (b) Executive’s refusal, failure, or
inability to comply with any of the material and lawful policies or standards of Corporation or to perform any material job duties of Executive set forth in this Agreement; (c) any act of fraud by Executive, (d) any act of dishonesty or
moral turpitude by Executive involving Corporation or its business; (e) Executive’s conviction of or a plea of nolo contendere to a felony; or (f) the commission of any act in direct or indirect competition with or materially
detrimental to the best interests of Corporation that is in breach of Executive’s fiduciary duties of care, loyalty and good faith to Corporation. Cause will not, however, include any actions or circumstances constituting Cause under
(a) or (b) above if Executive cures such actions or circumstances within 30 days of receipt of written notice from Corporation setting forth the actions or circumstances constituting Cause; provided that Executive will have only one
opportunity to make any such cure. If Corporation seeks to terminate Executive for Cause under clauses (c), (d), (e), or (f) above, Executive may submit the issue of whether Cause exists to expedited arbitration as provided in
Section 8 below; provided that Executive must give notice of his intent to do so within 15 days of the written notice referred to above. 
  

 - 4 - 

 5.4 Termination by Executive for Good Reason. Executive may terminate his employment
with Corporation under this Agreement for “Good Reason” if Corporation has not cured the actions or circumstances which are the basis for such termination within 30 days following receipt by the Board of written notice from Executive
setting forth the actions or circumstances constituting Good Reason, which notice must be delivered to the Board within 90 days of the initial existence of such actions or circumstances. In that event, Corporation may submit the issue of
whether Good Reason exists to expedited arbitration as provided in Section 8 below; provided that Corporation must give notice of its intent to do so within 15 days of the written notice referred to above. For purposes of this Agreement,
“Good Reason” means: 
 (a) Failure of Corporation to comply with the material terms of this Agreement;
or 
 (b) The occurrence (without Executive’s express written consent) of any of the following acts by
Corporation or failures by Corporation to act: 
 (i) A substantial adverse alteration in the nature or status of
Executive’s title, position, duties, or reporting responsibilities as an executive of Corporation; 
 (ii) A
material reduction in Executive’s base salary specified in Section 2.1 above; or 
 (iii) The failure
by Corporation to continue to provide Executive with benefits and participation in Benefit Plans as provided in Section 2.4. 
 5.5 Termination by Corporation Without Cause. Corporation may terminate Executive’s employment with Corporation without Cause at any time by written notice to Executive. 
 5.6 Termination by Executive Other than for Good Reason. Executive may terminate Executive’s employment with Corporation other
than for Good Reason at any time by written notice to the Chief Executive Officer. 
 5.7 Applicable Noncompete Periods upon
Termination. The duration of Executive’s obligations under Section 4 (the “Noncompete Period”) will be as follows: 
 (a) In the event Executive terminates his employment with Corporation voluntarily under Section 5.6, the Noncompete Period will be one year from the date of termination. 
 (b) In the event Corporation terminates Executive’s employment for Cause under Section 5.3, the Noncompete Period
will be two years from the date of termination. 
 (c) In the event Executive’s employment is terminated for
any other reason, there will be no Noncompete Period. 
 (d) Executive acknowledges receipt of a draft of this
Agreement setting forth Sections 4 and 5.7 at least 14 days prior to the first day of his employment with Corporation. 
 6.
COMPENSATION UPON TERMINATION 
 6.1 Death or Disability. Upon termination of Executive’s employment pursuant to
Section 5.1 or Section 5.2, all obligations of Corporation under this Agreement will cease, except that Executive will be entitled to: 
 (a) Accrued base salary and previously earned but unpaid bonuses through the date of Executive’s termination of employment; 
  

 - 5 - 

 (b) Other benefits under Benefit Plans to which Executive was entitled upon
such termination of employment in accordance with the terms of such Benefit Plans; and 
 (c) Unused and unpaid
accrued vacation and other personal time off through the date of termination in accordance with Corporation’s policies generally applicable to salaried employees. 
 In the event of Executive’s death, the payments described in this Section 6.1 will be payable to the death beneficiary designated by Executive in writing for purposes of this Agreement. If there
is no effective death beneficiary designation, Executive’s death beneficiary will be the personal representative of Executive’s estate. 
 6.2 Termination Without Cause or by Executive for Good Reason. In the event that prior to the expiration of the Term, Corporation terminates Executive’s employment with Corporation without
Cause under Section 5.5 or Executive terminates his employment for Good Reason under Section 5.4, Executive will be entitled to the amounts described in Section 6.1. Executive will also be entitled to $150,000 in cash in a lump sum to
be paid within 30 days following termination. Executive will also be entitled to be paid, in a lump sum payable within 30 days following termination, all or a portion of the cash bonus described in Section 2.2 above for the fiscal
year in which such termination occurs based on the extent to which the applicable performance measures for that fiscal year had been achieved on or before the date of termination, as determined by the Compensation Committee as provided in
Section 2.2. Corporation also will continue to provide or will arrange to provide (at Corporation’s cost) Executive with medical and dental insurance benefits substantially similar to those to which Executive was entitled as of the date of
termination for a period of 12 months following the date of termination; provided, however, that if Executive is employed with another employer and is eligible to receive medical and dental insurance benefits under another
employer-provided plan, Corporation’s obligation to provide such medical and dental benefits will terminate automatically. In addition, to the extent not previously vested and as reflected in the Stock Option Award Agreement and the Restricted
Stock Unit Award Agreement, (a) the portion of the Stock Option scheduled to vest in the year of termination and in the following year shall vest in full and any additional unvested portions shall be cancelled and (b) restricted stock
units covered by the Restricted Stock Award shall vest and shares of Common Stock will be issued to Executive, subject to Sections 6.4 and 6.5 below, free of any restrictions, in the amount of (i) 36,000 shares of Common Stock if termination
occurs on or prior to June 30, 2010, (ii) 54,000 shares of Common Stock if termination occurs on or after July 1, 2010, and on or prior to June 30, 2011, and (iii) 72,000 shares if termination occurs on or after July 1,
2011, and on or prior to June 30, 2012, less any shares of Common Stock that had previously vested under the terms of the Restricted Stock Unit Award Agreement. Corporation’s obligations to make the $150,000 lump-sum payment, to provide
medical and dental benefits, and to accelerate vesting of the Stock Option and Restricted Stock Award as described above are expressly conditioned on (i) Executive’s execution, within 30 days following termination of Executive’s
employment, of a release (in the form attached to this Agreement as Appendix 6.2, with such modifications specifically in response to changes in applicable law as counsel for Corporation determines to be reasonably necessary or desirable to
ensure effective release of all claims) of any and all claims that Executive may hold through the date such release is executed against Corporation or any of its subsidiaries or affiliates, and (ii) the expiration of any applicable revocation
period specified in such release without revocation of the release by Executive. Corporation’s obligation to provide medical and dental insurance benefits to Executive will terminate if Executive breaches a provision of Section 3.

 6.3 Termination For Cause or by Executive Other than for Good Reason. In the event that, prior to the expiration of
the Term, Corporation terminates Executive’s employment with Corporation for Cause under Section 5.3, or Executive terminates his employment with Corporation voluntarily under Section 5.6, Corporation’s obligations under this
Agreement will cease and Executive will be entitled to that portion of his base salary and employment benefits for which he is qualified as of the date of termination and Executive will not be entitled to any other compensation or consideration.

  

 - 6 - 

 6.4 Compliance with IRC § 409A. To the extent required by IRC § 409A
and the regulations promulgated thereunder, payment of severance benefits to Executive under any provision of Section 6 of this Agreement will not be paid or commenced until the expiration of six months following the date of termination of
Executive’s employment with Corporation. If payments are deferred pursuant to this Section 6.4, all such deferred amounts will be paid in a lump sum on the expiration of the six-month period. 
 6.5 Excess Parachute Payments. 
 6.5.1 Reduction. In the event that any portion of the payments and benefits payable to Executive under Section 6.2 would constitute an “excess parachute payment” within the meaning
of IRC § 280G(b) that is subject to the excise tax imposed on so-called excess parachute payments pursuant to IRC § 4999 (an “Excise Tax”), the severance otherwise payable under Section 6.2 will be
reduced to the extent necessary to avoid such Excise Tax (and only to such extent) if, and only if, such reduction would result in a larger after-tax benefit to Executive, taking into account all applicable federal, state, and local income and
excise taxes, until no portion of the severance payments is subject to such Excise Tax. 
 6.5.2 Application. For
purposes of this Section 6.5: 
 (a) No portion of any severance or other compensation, the receipt or
enjoyment of which Executive has effectively waived in writing prior to the date of payment of any post-termination compensation, will be taken into account; 
 (b) No portion of any severance or other compensation will be taken into account which, in the opinion of tax counsel
selected by Corporation and reasonably acceptable to Executive (“Tax Counsel”), does not constitute a “parachute payment” within the meaning of IRC § 280G; 
 (c) If Executive and Corporation disagree whether any payment will result in an Excise Tax or whether a reduction in any
payments will result in a larger after-tax benefit to Executive, the matter will be conclusively resolved by an opinion of Tax Counsel; 
 (d) Executive agrees to provide Tax Counsel with all financial information necessary to determine the after-tax consequences of payments for purposes of determining whether, or to what extent, such
payments are to be reduced pursuant to Section 6.5.1; and 
 (e) The value of any noncash benefit or any
deferred payment or benefit, and whether or not all or a portion of any payment or benefit is a “parachute payment” for purposes of this Section 6.5, will be determined by Corporation’s independent accountants in accordance with
the principles of IRC § 280(G)(d)(3) and (4). 
 6.5.3 Effect on Other Agreements. In the event that any
other agreement, plan, or arrangement provides for payments or benefits to Executive in connection with a change in control (“Other Agreements”), including without limitation the Stock Option Award Agreement and the Restricted Stock Unit
Award Agreement, Corporation and Executive agree that the payments and benefits governed by such Other Agreements will be subject to the reduction in payments under Section 6.5.1 (even if post-termination payments are not to be made under this
Agreement). To the extent possible, Corporation and Executive agree that reductions in benefits under any plan, program, or arrangement of Corporation will be reduced (only to the extent described in Section 6.5.1) in the following order of
priority: 
 (a) Post-termination payments under this Agreement; 
 (b) Any cash payments under any Other Agreement; and 
 (c) The acceleration of the exercisability or vesting of any stock option or other stock related award granted by
Corporation. 
  

 - 7 - 

 7. INJUNCTIVE RELIEF AND OTHER REMEDIES 
 Executive acknowledges that any breach or threatened breach of Section 3 of this Agreement will cause irreparable harm to Corporation
and that any remedy at law would be inadequate to protect the legitimate interests of Corporation. Executive agrees that Corporation will be entitled to seek specific performance, or to seek any other form of injunctive relief, to enforce its rights
under Section 3 of this Agreement. Such remedies will be in addition to any other remedy available to Corporation at law or in equity. 
 8. ARBITRATION 
 Any dispute or claim arising out of or brought in connection with this Agreement, other than a
claim by Corporation under Section 7, shall be submitted to final and binding arbitration as follows: 
 (a)
Before proceeding to arbitration, the parties shall first attempt, in good faith, to resolve the dispute or claim by informal meetings and discussions between them and/or their attorneys. The Chief Executive Officer will act on behalf of Corporation
at these meetings and discussions. This informal dispute resolution process will be concluded within 30 days or such longer or shorter period as may be mutually agreed by the parties. 
 (b) After exhausting the informal dispute resolution process under Section 8(a) above, upon the request of any party,
the matter will be submitted to and settled by final and binding confidential arbitration pursuant to the rules of the United States Arbitration and Mediation Service (or under any other form of arbitration mutually acceptable to the parties). The
arbitration will be conducted in Portland, Oregon. Any arbitration relating to a dispute arising under Section 4, 5.3, or 5.4 will be conducted on an expedited basis. Any award rendered in arbitration will be final and will bind the parties,
and a judgment on it may be entered in the highest court of the forum having jurisdiction. 
 9. SEVERABILITY OF PROVISIONS 

The provisions of this Agreement are severable, and if any provision of this Agreement is held invalid, unenforceable, or unreasonable, it
will be enforced to the maximum extent permissible, and the remaining provisions of the Agreement will continue in full force and effect. 
 10. NONWAIVER 
 Failure of a party at any time to require performance of any provision of this Agreement will
not limit the right of that party to enforce the provision. No provision of this Agreement or breach of this Agreement may be waived by either party except in writing signed by that party. A waiver of any breach of a provision of this Agreement will
be construed narrowly and will not be deemed to be a waiver of any succeeding breach of that provision or a waiver of that provision itself or of any other provision. 
 11. NOTICES 
 All notices required or permitted under this Agreement must be
in writing and will be deemed to have been given if delivered by hand, or by overnight courier to the respective party as follows (or to such other address as any party may indicate by a notice delivered to the other party hereto): (a) if to
Executive, at: 
 355 Londonberry Road, NW 
 Atlanta, GA 30327 
  

 - 8 - 

 With a copy to: 
 Howard Adler 
 Dewey & LeBoeuf 
 1301 Avenues of the Americas 
 New York, NY 10019 
 and (ii) if to Corporation, to the address of the principal office of Corporation at: 
 One Airport Center

 7700 N.E. Ambassador Place 
 Portland, Oregon 97220 
 With a copy to: 
 Mary Ann Frantz 
 Miller Nash LLP 
 111 SW Fifth Avenue, Suite 3400 
 Portland, Oregon 97204 
 12.
GOVERNING LAW 
 This Agreement will be construed in accordance with the laws of the state of Oregon, without regard to any
conflicts of laws rules. Any suit or action arising out of or in connection with this Agreement, or any breach of this Agreement, must be brought and maintained in the Circuit Courts of the State of Oregon. The parties hereby irrevocably submit to
the jurisdiction of such court for the purpose of such suit or action and hereby expressly and irrevocably waive, to the fullest extent permitted by law, any claim that any such suit or action has been brought in an inconvenient forum. 

13. GENERAL TERMS AND CONDITIONS 
 This Agreement, the Stock Option Award Agreement and the Restricted Stock Unit Award Agreement constitute the entire understanding of the parties relating to the employment of Executive by Corporation, and supersede and replace all written
and oral agreements heretofore made or existing by and between the parties relating thereto. Executive acknowledges that he has read and understood all of the provisions of this Agreement, that the restrictions contained in Sections 4
and 5.7 of this Agreement are reasonable and necessary for the protection of Corporation’s business and that Executive entered into this contract in connection with the initial employment of Executive by Corporation. This Agreement will
inure to the benefit of any successors or assigns of Corporation. All captions used in this Agreement are intended solely for convenience of reference and will in no way limit any of the provisions of this Agreement. 
 [signature page follows] 
  

 - 9 - 

 The parties have executed this Amended and Restated Employment Agreement as of the date
stated above. 
  

							
		 		 	RENTRAK CORPORATION
				
	 /s/ David I. Chemerow
	 		 	By	 	 /s/ William P. Livek

	David I. Chemerow	 		 	Name:	 	William P. Livek
		 		 	Its:	 	Chief Executive Officer

  

 - 10 - 

 APPENDIX 2.2 
 Performance Criteria for Fiscal 2010 Cash Bonus 
 Subject to the
approval of the Board of Directors: 
  

	 	•	 	 Integrate the back office functions at Rentrak into one support group by December 31, 2009 

  

	 	•	 	 Work with the Chief Executive Officer to create a bottom-up business plan for the company by December 31, 2009 

  

	 	•	 	 Terminate outside investor relations firm by November 1, 2009 

  

	 	•	 	 Establish a project plan matching sales needs and IT development by March 31, 2010 

  

	 	•	 	 Perform a companywide expense study including requests for information relating to all material expense categories by March 31, 2010, with the
objective of reducing run rate expenses by $2,000,000 

 Each of the above performance criteria will count 20%
for purposes of determining the amount of the cash bonus Executive may receive for fiscal 2010 under Section 2.2 of his Employment Agreement. 
  

 - 1 - 

 APPENDIX 6.2 
 AGREEMENT AND RELEASE 
 THIS AGREEMENT AND RELEASE
(“Release”) is made on this      day of         , 20    , by and between Rentrak Corporation, an Oregon corporation
(“Corporation”), and David I. Chemerow (“Executive”). Corporation and Executive agree as follows: 
 1. Payment to
Executive. 
 (a) Upon the execution of this Release, and after expiration of the revocation period specified in
Paragraph 10 of this Release, Corporation will make the $150,000 payment described in Section 6.2 of Executive’s Amended and Restated Employment Agreement dated October 15, 2009 (the “Employment Agreement”), less normal
deductions and withholdings. 
 (b) Executive specifically acknowledges and agrees that Corporation has paid Executive all wages
and other compensation and benefits to which Executive is entitled except those described in Paragraph 1(a) of this Release, the extension of medical and dental insurance benefits and the acceleration of vesting of the Stock Option and
Restricted Stock Award as described in Section 6.2 of the Employment Agreement, and that the execution of this Release within 30 days following termination of Executive’s employment with Corporation is a condition precedent to
Corporation’s obligation to make the payment described in Paragraph 1(a), to extend medical and dental insurance benefits and to accelerate vesting of the Stock Option and Restricted Stock Award as described in Section 6.2 of the
Employment Agreement. 
 2. Mutual Release. 
 In consideration for the benefits provided by this Release, Corporation and Executive, on behalf of themselves and each of their respective past, present, and future shareholders, officers, directors,
members, managers, partners, agents, employees, insurers, successors, heirs and assigns, each completely releases and forever discharges the other and each of its past, present, and future related entities and each of their respective past, present,
and future shareholders, officers, directors, members, managers, partners, agents, employees, insurers, successors, heirs and assigns from any and all claims, rights, demands, actions, liabilities, and causes of action of every kind and character,
whether known or unknown, matured or unmatured, which either of them may now have or has ever had, including without limitation the conditions of employment or the termination thereof, whether based on tort, contract (express or implied), other
common law, or any federal, state, or local statute, regulation, ordinance, or other law, including, but not limited to, a release of claims arising under Title VII of the Civil Rights Act of 1964; the Age Discrimination in Employment Act; the
Americans with Disabilities Act; the Family and Medical Leave Act; the Employee Retirement Income Security Act; the Worker Adjustment and Retraining Notification Act; and ORS chapters 652, 653, and 659A, and any amendments to any of such laws.
Execution of this Release does not bar any claims for breach of this Release or its terms by either party. 
 3. Indemnification.

 Notwithstanding the termination of his employment with Corporation, Executive will continue to be entitled to
indemnification under the Articles of Incorporation or Bylaws of Corporation, as well as under other organizational documents, contractually or at law, with respect to acts occurring prior to termination of Executive’s service as an officer or
director of Corporation. In addition, Corporation will continue to cover Executive under Corporation’s directors’ and officers’ liability insurance policies on the same basis as other officers and directors of Corporation while
liability exists with respect to acts occurring prior to termination of Executive’s service as a director or officer of Corporation. 
  

 - 1 - 

 4. Return of Corporation Property. 
 Executive represents and warrants that Executive has returned to Corporation all property belonging to Corporation, including, but not
limited to, all documents or other media containing confidential or proprietary information of Corporation (including without limitation customer, production, and pricing information), any motor vehicle owned or leased by Corporation, and all
Corporation credit cards, keys, cellular telephones, and computer hardware and software. 
 5. No Liability or Wrongdoing. 
 Corporation specifically denies any liability or wrongdoing whatsoever. Neither this Release nor any of its provisions, terms, or conditions
constitute an admission of liability or wrongdoing or may be offered or received in evidence in any action or proceeding as evidence of an admission of liability or wrongdoing. 
 6. Severability. 
 If any provision of this Release is found by any court to
be illegal or legally unenforceable for any reason, the remaining provisions of this Release will continue in full force and effect. 
 7.
Attorney Fees. 
 If any action is brought to interpret or enforce this Release or any part of it, the prevailing party will
be entitled to recover from the other party its reasonable attorney fees and costs incurred therein, including all attorney fees and costs on any appeal or review. 
 8. Choice of Law. 
 This Release will be governed by the laws of the state
of Oregon, without regard to its principles of conflicts of laws. 
 9. Consideration of Agreement. 
 Executive acknowledges that Corporation has advised him in writing to consult with an attorney before signing this Release and that he has
been given at least 21 days to consider whether to execute this Release. For purposes of this 21-day period, Executive acknowledges that this Release was delivered to him on         ,
20    , that the 21-day period will expire         , 20    , and that he may have until that date to consider the Release. 
 10. Revocation. 
 Executive
may revoke this Release by written notice, delivered to the Chief Executive Officer of Corporation within seven days following his date of signature as set forth below. This Release becomes effective and enforceable after such seven-day period has
expired. 
 11. Knowing and Voluntary Agreement. 
 Executive acknowledges and agrees that: (a) the only consideration for this Release is the consideration expressly described in this document; (b) he has carefully read the entire Release;
(c) he has had the opportunity to review this Release and to have it reviewed and explained to him by an attorney of his choosing; (d) he fully understands the final and binding effect; and (e) he is signing this Release voluntarily
and with the full intent of releasing Corporation from all claims. 
  

 - 2 - 

 12. Miscellaneous. 
 The benefits of this Release will inure to the successors and assigns of the parties. This is the entire agreement between Executive and Corporation regarding the subject matter of this Release and
neither party has relied on any representation or statement, written or oral, that is not set forth in this Release. Executive represents and warrants that Executive has not assigned any claim that Executive may have against the Released Parties to
any person or entity. 
 [signature page follows] 
  

 - 3 - 

 RENTRAK CORPORATION 
  

									
	By:	 	  
	 		 	  

		 		 		 	David I. Chemerow
	Title:	 	  
	 		 		 	
					
	Date:	 	  
	 		 	Date:	 	  

  

									
					
	STATE OF	 	  
	  	            )	 	SS	  	
		 		  	            )	 	  	
	COUNTY OF	 	  
	  	            )	 	  	

 This instrument was acknowledged before me on
        , 20    , by David I. Chemerow. 
  

	
	  

	Notary Public for                     
	My commission expires:
                                         
   

  

 - 4 -Non-Qualified Stock Option Award Agreement

 Exhibit 10.7 
 EXECUTION COPY 
 AWARD AGREEMENT 
 for 
 NON-QUALIFIED STOCK OPTION 
 (121,750 Shares) 
 THIS AWARD AGREEMENT (the “Agreement”), effective as of October 1, 2009 (the “Grant Date”), is made by and between
RENTRAK CORPORATION, an Oregon corporation (“Corporation”), and DAVID I. CHEMEROW, an employee of Corporation (“Employee”): 
 RECITALS 
 A. Corporation wishes to afford Employee the opportunity to
purchase Shares of its $.001 par value Common Stock (the “Common Stock”). 
 B. Corporation has adopted the Amended
and Restated 2005 Stock Incentive Plan of Rentrak Corporation (the “Plan”). 
 C. The Committee appointed to
administer the Plan has determined that it would be to the advantage and best interest of Corporation and its shareholders to grant the Non-Qualified Stock Option Award (the “Option”) provided for in this Agreement to Employee as an
inducement to accept employment as Chief Operating Officer and Chief Financial Officer of Corporation and as an incentive to provide high quality services during such employment. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the
mutual covenants in this Agreement and other good and valuable consideration, receipt of which is acknowledged, the parties agree as follows: 
 1. GRANT OF OPTION 
 1.1 Grant of Option. In consideration of Employee’s agreement to become an employee of
Corporation or its Subsidiaries and for other good and valuable consideration, effective as of the date of this Agreement, Corporation irrevocably grants to Employee an Option to purchase any part or all of an aggregate of 121,750 Shares of Common
Stock upon the terms and conditions set forth in this Agreement. 
 1.2 Purchase Price. The purchase price of the Shares
covered by the Option is $17.22 per Share, without commission or other charge, subject to adjustment as provided in Section 13 of the Plan. 
 1.3 Consideration to Corporation. In consideration of the granting of this Option by Corporation, Employee agrees to render faithful and efficient services to Corporation or any Subsidiary, with
such duties and responsibilities as set forth in Employee’s employment agreement with Corporation. Nothing in this Agreement or the Plan confers upon Employee any right to continue in the employ of Corporation or any Subsidiary or will
interfere with or restrict in any way the rights of Corporation and its Subsidiaries, which are expressly reserved, to discharge Employee at any time for any reason whatsoever, with or without cause, except as provided in Employee’s employment
agreement with Corporation. 
 1.4 Cause and Good Reason. For purposes of this Agreement, “Cause” and
“Good Reason” for termination of employment have the meanings set forth in Employee’s employment agreement. 
  

 - 1 - 

 1.5 Adjustments in Option. The Option is subject to adjustment as provided in
Section 13 of the Plan. 
 2. PERIOD OF EXERCISABILITY 
 2.1 Commencement of Exercisability. 
 (a) Unless the Option is
otherwise terminated or the time of its exercisability is accelerated in accordance with this Agreement, the Option may be exercised from time to time beginning on the dates indicated to purchase Shares up to the following limits (including any
Shares previously purchased pursuant to the Option): 
 (i) Beginning October 1, 2010 – 30,437 Shares;

 (ii) Beginning October 1, 2011 – an additional 30,437 Shares; 
 (iii) Beginning October 1, 2012 – an additional 30,437 Shares; and 
 (iv) Beginning October 1, 2013 – 100 percent of the Shares. 
 (b) Notwithstanding Section 2.1(a), if Employee’s employment is terminated by Corporation without Cause or by
Employee for Good Reason, the Option will become exercisable, to the extent it is not then exercisable, as to the installment scheduled to become exercisable in the calendar year in which termination of Employee’s employment occurs and the
installment scheduled to become exercisable in the following calendar year. Acceleration of vesting under this Section 2.1(b) is conditioned upon execution of the release described in Section 6.2 of Employee’s employment agreement
within 30 days following termination of Executive’s employment with Corporation. 
 (c) Notwithstanding
Section 2.1(a), the Option will become fully and immediately exercisable if an event occurs on or after six months following the Grant Date that constitutes a Change in Control of Corporation before the Option expires pursuant to
Section 2.3. For purposes of this Agreement, “Change in Control” is defined as the first occurrence of any of the following: 
 (i) Any person (including any individual, corporation, limited liability company, partnership, trust, group, association, or other “person,” as such term is used in Section 13(d)(3) or
14(d) of the Exchange Act) other than a trustee or other fiduciary holding securities under an employee benefit plan of Corporation, is or becomes a beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act),
directly or indirectly, of securities of Corporation representing more than 50 percent of the combined voting power of Corporation’s then outstanding securities; 
 (ii) A majority of the directors elected at any annual or special meeting of shareholders are not individuals nominated by
Corporation’s then incumbent Board; or 
 (iii) The shareholders of Corporation approve (A) a merger or
consolidation of Corporation with any other corporation, other than a merger or consolidation which would result in the Voting Securities (defined as all issued and outstanding securities ordinarily having the right to vote at elections of
Corporation’s directors) of Corporation outstanding immediately prior to such transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) 50 percent or more of
the combined voting power of the Voting Securities of Corporation or of such surviving entity outstanding immediately after such merger or consolidation, (B) a plan of complete liquidation of Corporation, or (C) an agreement for the sale
or disposition by Corporation of all or substantially all of its assets. 
 (d) No portion of the Option which is
unexercisable upon termination of Employee’s employment with Corporation or any Subsidiary will subsequently become exercisable. 
  

 - 2 - 

 2.2 Duration of Exercisability. Once the Option becomes exercisable pursuant to
Section 2.1, it will remain exercisable until it becomes unexercisable under Section 2.3. 
 2.3 Expiration of
Option. To the extent the Option had previously become exercisable, the Option may not be exercised to any extent by anyone after the first to occur of the following events: 
 (a) October 1, 2019; 
 (b) Immediately upon termination of Employee’s employment with Corporation or any Subsidiary for Cause; 
 (c) One year following Employee’s death or disability; 
 (d)
Six months following termination of employment for any reason other than Cause, death, or disability; or 
 (e)
On the date specified in Section 2.4(b) in connection with a Terminating Event (as that term is defined in Section 
 2.4(b)). 
 2.4 Adjustments to and/or Cancellation of the Option. 
 (a) Neither (i) the issuance of additional shares of stock of Corporation in exchange for adequate consideration
(including services), nor (ii) the conversion of outstanding preferred shares of Corporation into Common Stock, will be deemed to require an adjustment in the Shares covered by the Option or in the purchase price of Shares subject to the Option
pursuant to Section 13 of the Plan. In the event the Committee determines that an event has occurred affecting Corporation such that an adjustment to the Option under Section 13 of the Plan should be made but that it is not practical or
feasible to make such an adjustment, such event will be deemed a Terminating Event subject to the following subsection. 
 (b) Subject to Section 13 of the Plan, in the event of a Change in Control or the occurrence of an event in accordance with the last sentence of the previous subsection (any of such events is herein referred to as a “Terminating
Event”), the Committee will determine whether provision will be made in connection with the Terminating Event for an appropriate assumption of the Option by, or substitution of appropriate new options covering stock of, a successor corporation
employing Employee or stock of an affiliate of such successor employer corporation. If the Committee determines that such an appropriate assumption or substitution will be made, the Committee will give notice of the determination to Employee and the
terms of such assumption or substitution, and any adjustments made (i) to the number and kind of shares subject to the Option outstanding under the Plan (or to options issued in substitution therefor), (ii) to the Option purchase price,
and (iii) to the terms and conditions of the Option, will be binding upon Employee. If the Committee determines that no assumption or substitution will be made, the Committee will give notice of this determination to Employee, whereupon
Employee will have the right for a period of 30 days following the notice to exercise in full or in part the unexercised and unexpired portion of this Option, which will become exercisable as specified in Section 2.1(b) above. Upon the
expiration of this 30-day period, the Option will expire to the extent not earlier exercised. 
 (c) The
Committee will exercise its discretion in connection with the determinations under this Section 2.4 in good faith and in a uniform and nondiscriminatory manner with respect to all participants under the Plan. 
 3. EXERCISE OF OPTION 
 3.1
Partial Exercise. Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under
Section 2.3; provided, however, that each partial exercise will be for not less than 100 Shares and must be for whole Shares only. 
  

 - 3 - 

 3.2 Manner of Exercise. The Option, or any exercisable portion thereof, may be
exercised solely by delivery to Corporation’s Secretary or his office of all of the following prior to the time when the Option or such portion becomes unexercisable under Section 2.3: 
 (a) A written notice complying with the applicable rules established by the Committee stating that the Option, or a portion
thereof, is exercised. The notice must be signed by Employee or other person then entitled to exercise the Option or such portion. 
 (b) Full payment to Corporation for the Shares with respect to which such Option or portion is exercised, which must be: 
 (i) In cash; or 
 (ii) In Shares of Common Stock owned by Employee, duly endorsed for transfer to Corporation, with a Fair Market Value on the date of delivery equal to the aggregate purchase price of the Shares as to
which the Option is exercised; or 
 (iii) In Shares of Common Stock issuable to Employee upon exercise of the
Option, with a Fair Market Value on the date of delivery equal to the aggregate purchase price of the Shares as to which the Option is exercised. 
 (c) A bona fide written representation and agreement, in a form satisfactory to the Committee, signed by Employee or other person then entitled to exercise such Option or portion as the Committee in its
discretion, determines is necessary or appropriate to effect compliance with the Securities Act of 1933 and any other federal or state securities laws or regulations. 
 (d) Full payment to Corporation (or other employer corporation) of all amounts which, under federal, state or local tax law,
it is required to withhold upon exercise of the Option. Such payment may be, in whole or in part, in (i) cash, (ii) Shares of Corporation’s Common Stock owned by Employee, duly endorsed for transfer, with a Fair Market Value equal to
the sums required to be withheld, or (iii) Shares of Corporation’s Common Stock issuable to Employee upon exercise of the Option with a Fair Market Value equal to the sums required to be withheld. 
 (e) In the event the Option or portion is exercised pursuant to Section 4.1 by any person or persons other than
Employee, appropriate proof of the right of such person or persons to exercise the Option. 
 3.3 Rights as Shareholder.
The holder of the Option is not, and does not have any of the rights or privileges of, a shareholder of Corporation in respect of any Shares purchasable upon the exercise of any part of the Option unless and until certificates representing such
Shares have been issued by Corporation to such holder. 
 4. OTHER PROVISIONS 
 4.1 Option Not Transferable. Neither the Option nor any interest or right therein or part thereof may be sold, pledged, assigned, or
transferred in any manner other than by will or the laws of descent and distribution, unless and until such Option has been exercised, or the Shares underlying such Option have been issued, and all restrictions applicable to such Shares have lapsed.
Neither the Option nor any interest or right in the Option or part thereof will be liable for the debts, contracts or engagements of Employee or his successors in interest or will be subject to disposition by transfer, alienation, anticipation,
pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any
attempted disposition thereof will be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence. 
 4.2 Shares to Be Reserved. Corporation will at all times during the term of the Option reserve and keep available such number of Shares of Common Stock as will be sufficient to satisfy the
requirements of this Agreement. 
 4.3 Notices. Any notice to be given under the terms of this Agreement to Corporation
must be addressed to Corporation in care of its Secretary, and any notice to be given to Employee will be addressed to him at the address given beneath his signature. By a notice given pursuant to this Section 4.3, either party may designate a
different address for notices to be given. Any notice which is required to be given to Employee will, if Employee is then deceased, be given to Employee’s personal representative if such representative has previously informed

  

 - 4 - 

 
Corporation of his status and address by written notice under this Section 4.3. Any notice will be deemed duly given when enclosed in a properly sealed envelope or wrapper addressed as
pursuant to this Section, and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 
 4.4 Titles. Titles are provided in this Agreement for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 
 4.5 Construction. This Agreement will be administered, interpreted and enforced under the internal laws of the State of Oregon
without regard to conflicts of laws thereof. 
 4.6 Conformity to Securities Laws. Employee acknowledges that the Plan is
intended to conform to the extent necessary with all provisions of the Securities Act of 1933 and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, including without limitation
Rule 144 under the Securities Act of 1933 and Rule 16b-3 under the Exchange Act. Notwithstanding anything herein to the contrary, the Plan will be administered, and the Option is granted and may be exercised, only in such a manner as to conform to
such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement will be deemed amended to the extent necessary to conform to such laws, rules and regulations. 
 4.7 Definition of Terms All capitalized terms used in this Agreement without definition have the meanings ascribed to such terms in
the Plan. 
  

			
	RENTRAK CORPORATION
		
	By	 	 /s/ William P. Livek

		 	Chief Executive Officer

  

	
	 /s/ David I. Chemerow

	David I. Chemerow

 Address: 
 355 Londonberry Road, NW 
 Atlanta, GA 30327 
 Employee’s Taxpayer Identification Number:
                     
  

 - 5 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]