Document:

First Amendment to the Loan and Security Agreement

 Exhibit 10.1 
  
 AMENDMENT NO. 1 
 TO 
 LOAN AND SECURITY AGREEMENT 
  
 THIS AMENDMENT NO. 1 TO LOAN
AND SECURITY AGREEMENT (this “Amendment”) is entered into this 29th day of June, 2004, by and between TIVO
INC., a Delaware corporation (“Borrower”), and SILICON VALLEY BANK (“Bank”). Capitalized terms used herein without
definition shall have the same meanings given them in the Loan Agreement (as defined below). 
  
 RECITALS 
  
 A. Borrower and Bank have entered into that certain Loan and Security Agreement dated as of July 17, 2003 (the “Loan Agreement”), pursuant to which Bank agreed to extend and make available to Borrower certain
advances of money. 
  
 B. Borrower desires that Bank amend
the Loan Agreement to, among other things, increase the amount available for borrowing thereunder and to extend the maturity of such indebtedness. 
  
 C. Subject to the representations and warranties of Borrower herein and upon the terms and conditions set forth in this Amendment, Bank is willing
to amend the Loan Agreement. 
  
 AGREEMENT

  
 NOW, THEREFORE, in consideration of the foregoing Recitals
and intending to be legally bound, the parties hereto agree as follows: 
  

	 	1.	AMENDMENTS TO LOAN AGREEMENT. 

  
 1.1 Section 2.1.1 (Advances). Section 2.1.1(a) of the Loan Agreement is amended and restated in its entirety
as follows: 
  
 (a) Bank will make
Advances not exceeding the Committed Revolving Line minus the sum of (i) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), (ii) all amounts owed for services utilized under the Cash
Management Services Sublimit, and (iii) the FX Reserve. Amounts borrowed under this Section 2.1 may be repaid (without penalty) and reborrowed during the term of this Agreement. 
  
 1.2 Section 2.1.2 (Letters of Credit). The Loan Agreement is amended by adding the following Section 2.1.2 prior to
Section 2.2: 
  
 2.1.2 Letters of Credit.

  
 Bank will issue or have issued Letters of
Credit for Borrower’s account not exceeding the Committed Revolving Line minus the sum of (a) all amounts owed for services utilized under the Cash Management Services Sublimit, (b) the FX Reserve, and (c) the sum of the outstanding
principal balance of the 

 Advances. Each Letter of Credit will have an expiry date of no later than eighteen (18) months after the
Maturity Date, and Borrower’s reimbursement obligation will be fully secured by cash on terms acceptable to Bank at any time after the Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further
documentation in connection with the Letters of Credit as Bank may reasonably request. 
  
 1.3 Section 2.1.3 (Foreign Exchange Sublimit). The Loan Agreement is amended by adding the following Section 2.1.3 after Section 2.1.2 and prior to Section 2.2: 
  
 2.1.3 Foreign Exchange Sublimit. 
  
 If there is availability under the Committed Revolving Line,
then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward
Contract”). Bank will subtract ten percent (10%) of each outstanding FX Forward Contract from the foreign exchange sublimit which is a maximum of the Committed Revolving Line minus the sum of (a) the amount of all outstanding
Letters of Credit (including drawn but unreimbursed Letters of Credit), (b) all amounts owed for services utilized under the Cash Management Services Sublimit, and (c) the sum of the outstanding principal balance of the Advances (the “FX
Reserve”). The total FX Forward Contracts at any one time may not exceed ten (10) times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs. 
  
 1.4 Section 2.1.4 (Cash Management Services Sublimit). The Loan
Agreement is amended by adding the following Section 2.1.4 after Section 2.1.3 and prior to Section 2.2: 
  
 2.1.4 Cash Management Services Sublimit. 
  

Borrower may use up to the Committed Revolving Line minus the sum of (a) the amount of all outstanding Letters of Credit
(including drawn but unreimbursed Letters of Credit), (b) the FX Reserve, and (c) the sum of the outstanding principal balance of the Advances (the “Cash Management Services Sublimit”) for Bank’s Cash Management
Services, which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in various cash management services agreements related to such services (the “Cash Management
Services”). Such aggregate amounts utilized under the Cash Management Services Sublimit will at all times reduce the amount otherwise available to be borrowed under the Committed Revolving Line; provided, however, amounts
outstanding under the Existing Merchant Services Facility shall not be deducted for determining amounts available to be borrowed under the Committed Revolving Line. Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by
Borrower for any Cash Management Services will be treated as Advances under the Committed Revolving Line and will accrue interest at the rate for Advances. 
  

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 1.5 Section 2.2 (Overadvances). Section 2.2 of the Loan Agreement is amended and restated
in its entirety as follows: 
  
 2.2
Overadvances. 
  
 If Borrower’s
Obligations under Sections 2.1.1, 2.1.2, 2.1.3, and 2.1.4 exceed the Committed Revolving Line, Borrower must pay Bank the excess within one (1) Business Day of Bank’s notice to Borrower of such excess.

  
 1.6 Section 2.3 (Interest Rate; Payments). Section
2.3(a) of the Loan Agreement is amended and restated in its entirety as follows: 
  
 (a) Interest Rate. Advances accrue interest on the outstanding principal balance thereof at a per annum rate equal to the Prime
Rate, and in any event, shall not be less than four percent (4.00%) per annum. After an Event of Default has occurred and is continuing, Obligations shall accrue interest at a rate per annum equal to three percent (3%) above the rate effective
immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360-day year for the actual number of days elapsed. 
  
 1.7 Section 5.2 (Collateral). Section 5.2 of the Loan
Agreement is amended and restated in its entirety as follows: 
  
 Borrower has good title to the Collateral and its Intellectual Property, free of Liens except Permitted Liens. The Accounts are bona fide, existing obligations, and the service or property has been performed or
delivered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor. The Collateral is not in the possession of any third party bailee (such as at a warehouse). All Inventory is in all material
respects of good and marketable quality, free from material defects. 
  
 1.8 Section 6.2 (Financial Statements, Reports, Certificates). Section 6.2 of the Loan Agreement is amended and restated in its entirety as follows: 
  
 Borrower shall deliver to Bank: 
  
 (a) (i) as soon as available, but no later than thirty (30) days after the last day of each month, a
company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations during the period certified by a Responsible Officer and in a form acceptable to Bank; (ii) within five (5) days of filing with the
SEC, Borrower’s Report on Form 10-Q containing consolidated financial statements prepared under GAAP, consistently applied, subject to year-end audit adjustments; (iii) within five (5) days of filing with the SEC, Borrower’s Report on Form
10-K containing audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm reasonably acceptable to Bank;
(iv) a prompt report of the institution of, or in Borrower’s reasonable judgment, non-frivolous threat of, any litigation against Borrower or any Subsidiary that could result in damages or costs 
  

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 to Borrower or any Subsidiary of $250,000 or more; and (v) budgets, sales projections, operating plans or
other financial information Bank reasonably requests. 
  
 (b) within twenty (20) days after the last day of each month when borrowing or within twenty (20) days after the end of each fiscal quarter when not borrowing, its aged listings of accounts receivable and accounts payable and a
schedule containing a description of Borrower’s Deferred Revenue in form and substance acceptable to Bank. 
  
 (c) as soon as available, but no later than forty-five (45) days after the end of each fiscal year, a one (1) year (prepared on a
quarterly basis) financial projections of Borrower on a consolidated basis, including a pro forma balance sheet and statements of income and cash flows and showing projected operating revenues, expenses and debt service of Borrower on a
consolidated basis; and 
  
 (d) within
thirty (30) days after the last day of each month, together with the monthly financial statements required above, a Compliance Certificate. 
  
 Borrower will allow Bank to audit Borrower’s Collateral at Borrower’s expense, and such audit will be satisfactory to Bank. Such
audits will be conducted no more often than once each calendar year on Borrower’s premises during Borrower’s regular business hours unless an Event of Default shall have occurred. Except when an Event of Default has occurred and is
continuing, Borrower’s expense for each audit conducted pursuant to this Agreement shall not exceed $10,000, and Bank shall be solely responsible for all audit-related expenses that exceed such amount. 
  
 1.9 Section 6.6 (Financial Covenant). Section 6.6 of the Loan
Agreement is amended and restated in its entirety as follows: 
  
 6.6 Financial Covenants. 
  
 Borrower shall maintain: 
  
 (a) as of the last day of each month, a ratio of (i) Quick Assets to (ii) the difference of (1) Current Liabilities minus (2) that portion of Deferred Revenue which matures within one (1) year of the relevant
calculation date, of at least 1.25 to 1.00. 
  
 (b) for each period listed below, a Tangible Net Worth equal to or greater than the amount set forth opposite such time period: 
  

			
	 Period

	  	Tangible Net Worth

	3-month period ending 4/30/04	  	$32,600,000
	3-month period ending 7/31/04	  	$20,100,000
	3-month period ending 10/31/04	  	$49,600,000
	3-month period ending 1/31/05	  	$60,000,000

  

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 The Tangible Net Worth for the period beginning February 1, 2005, and thereafter shall be determined by
Bank in its reasonable discretion upon its receipt and review of Borrower’s financial projections for fiscal year 2005 and after discussions with Borrower regarding the same. 
  
 1.10 Section 9.1 (Rights and Remedies). Section 9.1 of the Loan Agreement is amended to (a) delete
“and” at the end of Section 9.1(f), (b) delete the period at the end of Section 9.1(g) and insert “;” at the end thereof, and (c) add the following Sections 9.1(h) and 9.1(i) to read as follows: 
  
 (h) Terminate any FX Forward Contracts; and

  
 (i) Demand that Borrower provide cash
in an amount equal to the amount of the outstanding Letters of Credit to serve as collateral for such Letters of Credit. 
  
 1.11 Section 13 (Definitions). Section 13 of the Loan Agreement is amended in the following manner: 
  
 (a) The terms, “Borrowing Base,” “Borrowing Base
Certificate,” “Eligible Domestic Accounts,” “Eligible Foreign Accounts,” and “Related Party Accounts,” and their respective definitions are deleted in their entirety. 
  
 (b) The definitions for the following terms are amended and restated
in their entirety as follows: 
  
 “Committed Revolving Line” is an Advance or Advances of up to the aggregate principal amount of $15,000,000 at any time. 
  
 “Maturity Date” is June 29, 2006. 
  
 “Total Liabilities” is on any day, obligations that should, under GAAP, be
classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness (including Indebtedness evidenced by this Agreement) but excluding (a) the existing letter of credit issued by Bank in favor of Borrower in the
amount of $476,700, (b) the Existing Merchant Services Facility, (c) direct deposit payroll, and (d) existing business credit card facilities maintained by Borrower with Bank. 
  

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 (c) The following terms and their respective definitions are added in their proper alphabetical
order: 
  
 “Existing Merchant Services
Facility” shall mean that certain merchant services agreement by and between Bank and Borrower pursuant to which Bank provides a merchant services facility in the amount of $3,500,000 to Borrower. 
  
 “Tangible Net Worth” is, on any
date, the consolidated total assets of Borrower and its Subsidiaries minus (a) any amounts attributable to (i) goodwill, (ii) intangible items such as unamortized debt discount and expense, Intellectual Property, and research and development
expenses except prepaid expenses, and (iii) reserves not already deducted from assets and (b) Total Liabilities. 
  
 1.12 Exhibit C (“Borrowing Base Certificate”) to the Loan Agreement is deleted in its entirety. 
  
 1.13 Exhibit D (“Compliance Certificate”) to the Loan
Agreement is amended by deleting it in its entirety and replacing it with Exhibit A attached hereto. 
  
 2. BORROWER’S REPRESENTATIONS AND WARRANTIES. Borrower represents
and warrants that: 
  
 (a) immediately upon giving effect
to this Amendment (i) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier
date, in which case they are true and correct as of such date, and except to the extent any such representations and warranties are altered by information disclosed in Borrower’s reports filed with the US Securities and Exchange Commission
subsequent to the Closing Date), and (ii) no Event of Default has occurred and is continuing; 
  
 (b) Borrower has the corporate power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
  
 (c) the certificate of incorporation, bylaws and other organizational
documents of Borrower delivered to Bank on the Closing Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 
  
 (d) the execution and delivery by Borrower of this Amendment and the
performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized by all necessary corporate action on the part of Borrower; and 
  
 (e) this Amendment has been duly executed and delivered by the Borrower and is the binding obligation of Borrower,
enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or
affecting creditors’ rights. 
  

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 3. LIMITATION. The amendments set forth in this Amendment shall be
limited precisely as written and shall not be deemed (a) to be a waiver or modification of any other term or condition of the Loan Agreement or of any other instrument or agreement referred to therein or to prejudice any right or remedy which Bank
may now have or may have in the future under or in connection with the Loan Agreement or any instrument or agreement referred to therein; or (b) to be a consent to any future amendment or modification or waiver to any instrument or agreement the
execution and delivery of which is consented to hereby, or to any waiver of any of the provisions thereof. Except as expressly amended hereby, the Loan Agreement shall continue in full force and effect. 
  
 4. EFFECTIVENESS. This Amendment shall
become effective upon the satisfaction of all the following conditions precedent: 
  
 4.1 Amendment. Borrower and Bank shall have duly executed and delivered this Amendment to Bank. 
  
 4.2 Payment of Bank Expenses. Borrower shall have paid all Bank Expenses (including all reasonable attorneys’ fees and reasonable expenses)
incurred through the date of this Amendment. 
  
 5.
COUNTERPARTS. This Amendment may be signed in any number of counterparts, and by different parties hereto in separate counterparts, with the same effect as if the signatures to each such counterpart were upon a
single instrument. All counterparts shall be deemed an original of this Amendment. 
  
 6. INTEGRATION. This Amendment and any documents executed in connection herewith or pursuant hereto contain the entire agreement between the parties with respect to the subject
matter hereof and supersede all prior agreements, understandings, offers and negotiations, oral or written, with respect thereto and no extrinsic evidence whatsoever may be introduced in any judicial or arbitration proceeding, if any, involving this
Amendment; except that any financing statements or other agreements or instruments filed by Bank with respect to Borrower shall remain in full force and effect. 
  

7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF CALIFORNIA WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICT OF LAW. 
  
 [Signature page follows.] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first
written above. 
  

					
	 BORROWER:
	 	 TIVO INC.

	 	 	 a Delaware corporation

			
	 	 	 By:
	 	 /s/ David H. Courtney

	 	 	 Printed Name:
	 	 David H. Courtney

	 	 	 Title:
	 	 Chief Financial Officer

		
	 BANK:
	 	 SILICON VALLEY BANK

			
	 	 	 By:
	 	 /s/ Jean Lee

	 	 	 Printed Name:
	 	 Jean Lee

	 	 	 Title:
	 	 VP/Relationship ManagerJoint Production Agreement

 Exhibit 4.17 
  
 Bacan Hatchery – Grow-out Joint Venture 
  
 This agreement is entered into between: 
  
 PT Cahaya Cemerlang (CC) 
 and 
 PT Cendana Indopearls (CIP) 
  
 CC and CIP agree to enter into a joint venture arrangement for the production of the pearl oyster, Pinctada maxima at CC’s pearl farm lease and facilities
located in Bacan, North Maluku. The term of the agreement is for five (5) years. In this endeavour CC and CIP agree on the following: 
  

	1.	CC will provide to CIP exclusive access to the hatchery and ancillary facilities at Nusa Deket (Bacan) and to the associated grow-out water leases and shore based facilities at
Ambatu and other required sites (as marked on the attached map). No third party will be granted access to the hatchery or lease sites. Both parties reserve the right to conduct independent production runs at the Bacan facility provided that the JV
has sufficient juvenile oyster stocks. Such usage will be by mutual agreement. 

  

	2.	CC grants rights of access by CIP to farm sites south of Bobonewoka as marked attached map. CC reserves exclusive access to the sites of Bobonewoka and Supai for independent farming
of pearl oysters. CIP is granted access to the lease areas and facilities associated with Terakiang for the purpose of farming its share of oysters generated as a result of the JV. Notwithstanding this, the two companies may enter into further JV
arrangements at any of these sites by mutual agreement. 

  

	3.	CIP will be appointed the “Manager” of the JV and will be responsible for the operational and financial management of the project. 

  

	4.	CIP will be responsible for the production of larvae and spat at the Nusa Deket hatchery. This may involve the transfer of larvae to and from the Nusa Deket hatchery and other
hatchery facilities in which CIP is involved. 

  

	5.	CIP will be responsible for the operational funding to the project for each batch of oysters produced under this agreement. Funds expended will be at the discretion of CIP and
subject to regular review. 

  

	6.	CC will be responsible for the existing funding of its independent operations in Bacan. 

  

	7.	CIP will manage the grow-out of spat produced at the water leases provided by CC. 

  

	8.	CC will provide to CIP any existing equipment and facilities including but not exclusive to: 

  

	 	i)	Long-lines 

  

	 	ii)	Rafts 

  

	 	iii)	Machinery 

  

	 	iv)	Boats 

  

	 	v)	Buildings and other infrastructure 

  
 The equipment and facilities to be provided by CC under the terms of this agreement are to be identified in an accompanying inventory. 
  

	9.	Equipment and facilities provided by CC remain the property of CC. 

  

	10.	Additional equipment over and above what is presently available at the Bacan Project site will be provided by CIP. 

  

	11.	Any additional equipment provided by CIP remains the property of CIP. 

  

	12.	Where CIP repair existing facilities and/or assets or build/manufacture new assets that are later returned to CC, CIP is entitled to compensation. Compensation will be based on the
cost of work completed less appropriate depreciation. 

  

	13.	CIP will establish a banking facility at the nearby town of Labuha. To assist in the administration of the project, CIP will employ an Office Manager and Bookkeeper.

  

	14.	All staff involved in the project will be under the direction of CIP. Project staff will be expected to perform their duties in accordance with the Department of Manpower approved
rules and regulations of CIP. 

  

	15.	Staff recruited to the project will be paid in accordance with the rules and regulations of the local branch of the Department of Manpower. 

  

	16.	Project Managers will be provided by CIP on a roster basis. 

  

	17.	To support Project Management, key Senior Indonesian Technical staff will be seconded to the project by CIP 

  

	18.	CC will provide logistical support in the following areas: 

  

	 	i)	Assistance with travel arrangements 

  

	 	ii)	Assistance with required government reporting (immigration, police etc) 

  

	 	iii)	Assistance with communication to and from site 

  

	 	iv)	Assistance with transport of materials and shipping clearance 

  

	 	v)	Other assistance as may be required and that is mutually agreed 

  

	19.	Each batch of oysters produced and reared under this agreement will be divided under one or other of the following arrangements: 

  

	 	i)	At six (6) months post spawning or when the oysters reach an average size of 6 cm, surviving oysters will be divided 50:50 to each party. If the oysters are split at this time, it
will become the responsibility of each party to maintain and manage their share of oysters. 

  
 or 
  

	 	ii)	At twelve (12) months post spawning or when the oysters have attained a size appropriate to move into 8-pocket panels (>8 cm), the oysters will be divided 70:30 (CIP:CC),
respectively. Again, at the time of split it becomes the responsibility of each party to maintain and manage their share of oysters. Each party is responsible for the provision of 8-pocket panels for their share of oysters at the time of
distribution. 

  
 In both cases, juvenile oyster pocket-panels are
to be returned for re-use by grow-out. 
  

	20.	Notwithstanding point 19, the parties by mutual agreement may decide to enter into a further joint venture agreement for pearl production from oysters produced under this agreement.
Such agreement may take several forms: 

  

	 	i)	Equal numbers of twelve (12) month old oysters or oysters that have reached 8-10 cm (as per point 19 ii) from each party could be provided for a joint venture pearl farm at the
Bacan site. 

  

	 	ii)	Oysters as described above could be transferred to other potential pearl farming regions and farmed under a joint venture agreement. 

  

	 	iii)	Oysters as described above could be transferred to existing pearl farms owned by either party outside of Bacan and farmed under a joint venture agreement. 

 
 In all cases, the costs and revenue resulting from the production and
sale of pearls would be shared equally. 
  

	21.	The terms of this agreement are to be reviewed on an annual basis. Part of the review will be an analysis of the relative rewards for inputs as described in point 19 to ensure a
fair return for each party. Representatives of CC and CIP will maintain regular contact. It is expected that CC and CIP management will meet on a regular basis to ensure that the working relationship is maintained and that any problems or concerns
are appropriately addressed. 

  

	22.	This agreement may be extended beyond the current term by mutual agreement. Such agreement should be reached no later then one (1) year prior to the termination of the existing
agreement. 

  

							
				
	 Signed:
	 	             PT Cahaya Cemerlang
	 	 Signed:
	 	             PT Cendana Indopearls

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