Document:

Amendment No. 2 to Revolving Credit Agreement.

 Exhibit 10.2 

AMENDMENT NO. 2 TO REVOLVING CREDIT AGREEMENT 

This Amendment No. 2 to Revolving Credit Agreement (“Amendment”) dated as of June 4, 2010, by and among the financial
institutions signatory hereto (individually a “Lender,” and any and all such financial institutions collectively the “Lenders”), Comerica Bank, as Administrative Agent for the Lenders (in such capacity, the “Agent”),
Arranger, Syndication Agent and Documentation Agent, and Software Brokers of America, Inc. (“Borrower”). 
 RECITALS

 A. Borrower, Agent and Lenders entered into that certain Revolving Credit Agreement dated as of December 22, 2009,
as previously amended (“Agreement”). 
 B. The parties desire to amend the Agreement as set forth below. 

NOW, THEREFORE, the parties agree that the Agreement is amended as follows: 

1. Borrower has requested that the Revolving Credit Aggregate Commitment be increased by $10,000,000 (the maximum Revolving Credit
Optional Increase permitted under Section 2.13) to Thirty Million Dollars ($30,000,000) in accordance with the terms and conditions of Section 2.13 of the Agreement. On the Second Amendment Effective Date, Borrower shall execute and
deliver to Comerica Bank a renewal and replacement Revolving Credit Note in the principal amount of $30,000,000, which reflects Comerica Bank’s Revolving Credit Percentage of the Revolving Credit Aggregate Commitment after giving effect to the
increase in the Revolving Credit Commitment to $30,000,000 in accordance with Section 2.13 of the Agreement. 
 2. On the
Second Amendment Effective Date, the following definitions are added to Section 1.1 of the Agreement: 
 ‘Foreign
Exchange Reserve’ shall mean as of any date of determination a reserve in an amount determined by Agent, based on Agent’s customary practices, for liabilities of Borrower to Agent or any Lender arising under Hedging Agreements related to
foreign exchange transactions.” 
 “’Intcomex IPO’ shall mean any underwritten public offering of the
capital interests of the Intcomex pursuant to an effective registration statement under the Securities Act or pursuant to Rule 144A, Regulation S and/or another exemption under the Securities Act, which offering generates at least US$50,000,000.00
in gross proceeds to Intcomex and which proceeds are used for the reduction of the outstanding Intcomex Notes.” 
 3.
On the Second Amendment Effective Date, the following definitions set forth in Section 1.1 of the Agreement shall be amended to read as follows: 

“’Applicable Margin’ initially shall mean shall mean three percent (3.0%). Upon successful completion of the Intcomex
IPO and provided that no Default or Event of Default shall have occurred and be continuing, “Applicable Margin” thereafter shall mean two and three quarters percent (2.75%).” 

 “’Applicable Measuring Period’ shall mean (a) as used in the
definition of “Consolidated Fixed Charge Coverage Ratio”, (i) through and including the fiscal quarter ending December 31, 2010, the period of time commencing on January 1, 2010 through and including the last day of the
applicable fiscal quarter, and (ii) thereafter, the period of four consecutive fiscal quarters ending on the last day of the applicable fiscal quarter, and (b) for purposes of calculating the minimum Consolidated Net Income under
Section 7.9(c), the period of four consecutive fiscal quarters ending on the last day of the applicable fiscal quarter.” 

“’Borrowing Base’ shall mean, as of any date of determination thereof, an amount equal to the sum of (i) Eighty
Five percent (85%) of Eligible Accounts, plus (ii) Eighty Five percent (85%) of Eligible Insured Foreign Accounts, plus (iii) the lesser of (a) Sixty percent (60%) of Eligible Inventory and (b) $16,000,000, plus
(iv) the lesser of (a) Ninety percent (90%) of Eligible Standby Letters of Credit and (b) $3,000,000; provided that (x) the Borrowing Base shall be determined on the basis of the most current Borrowing Base Certificate
required or permitted to be submitted hereunder, and (y) the amount determined as the Borrowing Base shall be subject to, without duplication, any reserves for contras/offsets, drop ship receivables, inventory-in-transit, potential offsets due
to customer deposits, discount arrangements, chargebacks, disputed accounts (or potential chargebacks or disputed accounts), and such other reserves as reasonably established by the Agent, at the direction or with the concurrence of the Majority
Revolving Lenders from time to time, including, without limitation any reserves or other adjustments established by Agent or the Majority Lenders on the basis of any subsequent collateral audits conducted hereunder, all in accordance with ordinary
and customary asset-based lending standards, as reasonably determined by Agent and the Majority Lenders.” 

“Daily Adjusting LIBOR Rate” means, for any day, a per annum interest rate which is equal to the Applicable Margin plus the
greater of: (i) two percent (2.0%) per annum (unless Intcomex has successfully completed the Intcomex IPO, in which case one percent (1.0%)), or (ii) the quotient of the following: 

(a) for any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period
equal to one (1) month appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the
immediately preceding Business Day. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day
shall be determined by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Agent, or, in the absence of such other service, the “Daily Adjusting LIBOR Rate” for such day
shall, instead, be determined based upon the average of the rates at which Agent is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical), on such day, or if such day is not a Business Day, on
the immediately preceding Business Day, in the interbank eurodollar market in an amount comparable to the principal amount outstanding hereunder and for a period of one (1) month; 

 

 2 

 divided by 

(b) 1.00 minus the maximum rate (expressed as a decimal) on such day at which Agent is required to maintain reserves on
“Euro-currency Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Agent is required to maintain reserves against
a category of liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category.” 

“’Revolving Credit Aggregate Commitment’ shall mean Thirty Million Dollars ($30,000,000), subject to reduction or
termination under Section 2.11 or 9.2 hereof.” 
  

	 	4.	Section 2.2(c) of the Agreement is amended to read as follows: 

  

	 	“(c)	on the proposed date of such Revolving Credit Advance: 

(1) the sum of (x) the aggregate principal amount of all Revolving Credit Advances and Swing Line Advances outstanding on such
date (including, without duplication, the Advances that are deemed to be disbursed by Agent under Section 3.6(c) hereof in respect of the Reimbursement Obligations hereunder), plus (y) the Letter of Credit Obligations as of such date, plus
(z) the Foreign A/R Insurance Reserve, in each case after giving effect to all outstanding requests for Revolving Credit Advances, and Swing Line Advances and for the issuance of any Letters of Credit, shall not exceed the then applicable
Borrowing Base, and 
 (2) the sum of (w) the aggregate principal amount of all Revolving Credit Advances and
Swing Line Advances outstanding on such date (including, without duplication, the Advances that are deemed to be disbursed by Agent under Section 3.6(c) hereof in respect of the Reimbursement Obligations hereunder), plus (x) the Letter of
Credit Obligations as of such date, plus (y) the Foreign A/R Insurance Reserve, plus (z) the Foreign Exchange Reserve, in each case after giving effect to all outstanding requests for Revolving Credit Advances and Swing Line Advances and
for the issuance of any Letters of Credit, shall not exceed the Revolving Credit Aggregate Commitment;” 
  

	 	5.	Section 2.5(c)(iii) of the Agreement is amended to read as follows: 

“(c) on the proposed date of such Swing Line Advance, after giving effect to all outstanding requests for Revolving Credit
Advances and Swing Line Advances and Letters of Credit requested by the Borrower on such date of determination (including, without duplication, Advances that are deemed disbursed pursuant to Section 3.6(c) hereof in respect of the Reimbursement
Obligations hereunder), (1) the sum of (x) the aggregate principal amount of all Revolving Credit Advances and the Swing Line Advances outstanding on such date plus (y) the Letter of 

  

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Credit Obligations on such date plus (z) the Foreign A/R Insurance Reserve shall not exceed the then applicable Borrowing Base; and (2) the sum of (w) the aggregate
principal amount of all Revolving Credit Advances and Swing Line Advances outstanding on such date, plus (x) the Letter of Credit Obligations as of such date, plus (y) the Foreign A/R Insurance Reserve, plus (z) the Foreign Exchange
Reserve, in each case after giving effect to all outstanding requests for Revolving Credit Advances and Swing Line Advances and for the issuance of any Letters of Credit, shall not exceed the Revolving Credit Aggregate Commitment;”

  

	 	6.	Section 2.10 of the Agreement is amended to read as follows: 

“2.10 Mandatory Repayment of Revolving Credit Advances. If at any time and for any reason (A) the aggregate
outstanding principal amount of Revolving Credit Advances plus Swing Line Advances, plus the outstanding Letter of Credit Obligations, plus the Foreign A/R Insurance Reserve, shall exceed the then applicable Borrowing Base, or (B) the aggregate
outstanding principal amount of Revolving Credit Advances plus Swing Line Advances, plus the outstanding Letter of Credit Obligations, plus the Foreign A/R Insurance Reserve, plus the Foreign Exchange Reserve shall exceed the Revolving Credit
Aggregate Commitment, Borrower shall immediately reduce any pending request for a Revolving Credit Advance on such day by the amount of such excess and, to the extent any excess remains thereafter, repay any Revolving Credit Advances and Swing Line
Advances in an amount equal to the lesser of the outstanding amount of such Advances and the amount of such remaining excess, with such amounts to be applied between the Revolving Credit Advances and Swing Line Advances as determined by the Agent
and then, to the extent that any excess remains after payment in full of all Revolving Credit Advances and Swing Line Advances, to provide cash collateral in support of any Letter of Credit Obligations in an amount equal to the lesser of
(x) 105% of the amount of such Letter of Credit Obligations and (y) the amount of such remaining excess, with such cash collateral to be provided on the basis set forth in Section 9.2 hereof. Any payments made pursuant to this Section
shall be applied first to outstanding Advances under the Revolving Credit, next to Swing Line Advances. 
  

	 	7.	Section 3.2(a) of the Agreement is amended to read as follows: 

“(a)(i) after giving effect to the Letter of Credit requested, the Letter of Credit Obligations do not exceed the Letter of Credit
Maximum Amount; (ii) after giving effect to the Letter of Credit requested, the Letter of Credit Obligations on such date plus the aggregate amount of all Revolving Credit Advances and Swing Line Advances (including all Advances deemed
disbursed by Agent under Section 3.6(c) hereof in respect of the Reimbursement Obligations) hereunder requested or outstanding on such date, plus the Foreign A/R Insurance Reserve do not exceed the then applicable Borrowing Base; and
(iii) after giving effect to the Letter of Credit requested, the Letter of Credit Obligations on such date plus the aggregate amount of all Revolving Credit Advances and Swing Line Advances (including all Advances deemed disbursed by Agent
under Section 3.6(c) hereof in respect of the Reimbursement Obligations) hereunder requested or outstanding on such date, plus the Foreign A/R Insurance Reserve, plus the Foreign Exchange Reserve do not exceed the Revolving Credit Aggregate
Commitment;” 
  

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	 	8.	Section 7.2 of the Agreement is amended to read as follows: 

“(b) A Borrowing Base Certificate executed by a Responsible Officer of the Borrower, on the first and fifteenth day of each month
(or, if such day is not a Business Day, on the next Business Day thereafter), or more frequently as reasonably requested by the Agent or the Majority Lenders; provided, however, after successful completion of the Intcomex IPO, such Borrowing
Base Certificates shall be furnished on the first day of each month (or, if such day is not a Business Day, on the next Business Day thereafter), or more frequently as reasonably requested by the Agent or the Majority Lenders;” 

 

	 	9.	Section 7.6 of the Agreement is amended to read as follows: 

“7.6. Inspection of Property; Books and Records, Discussions. Permit Agent and each Lender, through their authorized
attorneys, accountants and representatives (a) at all reasonable times during normal business hours, upon the request of Agent or such Lender, to examine the books, accounts, records, ledgers and assets and properties of Borrower and each
Subsidiary; (b) from time to time, during normal business hours, upon the request of the Agent, to conduct full or partial collateral audits of the Accounts and Inventory of Borrower and the Subsidiaries and appraisals of all or a portion of
the fixed assets (including real property) of Borrower and the Subsidiaries, such audits and appraisals to be completed by an appraiser as may be selected by Agent and consented to by Borrower (such consent not to be unreasonably withheld), with all
reasonable costs and expenses of such audits to be reimbursed by Borrower, provided, however, that so long as no Event of Default or Default exists, Borrower shall not be required to reimburse Agent for more than one inventory appraisal every
other Fiscal Year and more than two collateral audits per Fiscal Year; provided further, after successful completion of the Intcomex IPO, Borrower shall not be required to reimburse Agent for more than one collateral audit per Fiscal Year;
(c) during normal business hours and at their own risk, to enter onto the real property owned or leased by Borrower or any Subsidiary to conduct inspections, investigations or other reviews of such real property; and (d) at reasonable
times during normal business hours and at reasonable intervals, to visit all offices of Borrower or any Subsidiary, discuss Borrower’s or any Subsidiaries’ financial matters with its officers, as applicable, and, by this provision,
Borrower authorizes, and will cause each of their respective Subsidiaries to authorize, its independent certified or chartered public accountants to discuss the finances and affairs of Borrower or any Subsidiary and examine any of such Person’s
books, reports or records held by such accountants.” 
 (c) Section 7.9(c) of the Agreement is amended to read as
follows: 
 “(c) Maintain as of the end of each fiscal quarter of Intcomex, commencing with the fiscal quarter ending
June 30, 2010, Consolidated Net Income for Intcomex and its Subsidiaries for the Applicable Measuring Period of not less than the amount set forth below opposite the applicable fiscal quarter: 

 

				
	 Fiscal Quarters Ending:
	  	Amount
	 June 30, 2010, September 30, 2010, December 31, 2010
	  	$	0
	 March 31, 2011
	  	$	0
	 June 30, 2011, September 30, 2011, December 31, 2011
	  	$	0
	 March 31, 2012
	  	$	0
	 June 30, 2012 and each fiscal quarter ending thereafter
	  	$	0”

  

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 10. Each of the undersigned Lenders hereby acknowledges and agrees that, as of the Second
Amendment Effective Date, after giving effect to the $10,000,000 Revolving Credit Optional Increase, the Percentages and allocations of each Lender under the Revolving Credit shall be as set forth in the attached revised Schedule 1.1. 

11. This Second Amendment shall become effective (according to the terms hereof) on the date (the “Second Amendment Effective
Date”) that the following conditions have been fully satisfied by Borrower: 
  

	 	a.	Agent shall have received via facsimile (followed by the prompt delivery of original signatures) counterpart originals of this Second Amendment and the other loan
documents listed on the closing agenda annexed hereto, in each case duly executed and delivered by the parties thereto; and 

  

	 	b.	Borrower shall have paid to the Agent, for distribution to each Lender that approved and executed this Second Amendment (“Approving Lender”), a nonrefundable
amendment fee in an amount equal to fifty (50) basis points on such Approving Lender’s Percentage of the $10,000,000 Revolving Credit Optional Increase, and to the Agent all fees and other amounts, if any, that are due and owing to the
Agent as of the Second Amendment Effective Date. 

 12. Borrower hereby represents and warrants that, after giving
effect to the amendments to the Agreement contained herein, (a) the execution and delivery of this Second Amendment are Borrower’s corporate powers, have been duly authorized, are not in contravention of law or the terms of its
organizational documents, and except as have been previously obtained do not require the consent or approval, material to the amendments contemplated in this Second Amendment, of any governmental body, agency or authority, and this Second Amendment
and the Agreement (as amended herein) will constitute the valid and binding obligations of Borrower, enforceable in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, reorganization, insolvency,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (whether enforcement is sought in a proceeding in equity or at law), (b) the representations and warranties set forth
in Sections 6.1 through 6.25 inclusive, of the Agreement are true and correct in all material respects on and as of the date hereof (other than any representation or warranty that expressly speaks only as of a certain date), and (c) as of the
Second Amendment Effective Date, no Default or Event of Default shall have occurred and be continuing. 
 13. Borrower and
Lenders each hereby ratify and confirm their respective obligations under the Agreement, as amended by this Second Amendment and agree that the Agreement hereby remains in full force and effect after giving effect to this Second Amendment and that,
upon such effectiveness, all references in such Loan Documents to the “Credit Agreement” shall be references to the Agreement as amended by this Second Amendment. 

 

 6 

 14. Except as specifically set forth above, this Second Amendment shall not be deemed to
amend or alter in any respect the terms and conditions of the Agreement or any of the Notes issued thereunder, or to constitute a waiver by the Lenders or Agent of any right or remedy under or a consent to any transaction not meeting the terms and
conditions of the Agreement, any of the Notes issued thereunder or any of the other Loan Documents. 
 15. Unless otherwise
defined to the contrary herein, all capitalized terms used in this Second Amendment shall have the meaning set forth in the Agreement. 

16. This Second Amendment may be executed in counterpart in accordance with Section 13.9 of the Agreement. 

17. This Second Amendment shall be construed in accordance with and governed by the laws of the State of Michigan, without giving effect
to principles of conflict of laws. 
 18. As a condition of the above amendments and waiver, Borrower waives, discharges, and
forever releases Agent, Lenders and their respective employees, officers, directors, attorneys, stockholders and successors and assigns, from and of any and all claims, causes of action, allegations or assertions that Borrower has or may have had at
any time up through, and including, the date of this Second Amendment, against any or all of the foregoing, regardless of whether any such claims, causes of action, allegations or assertions are known to Borrower or whether any such claims, causes
of action, allegations or assertions arose as a result of Agent's or such Lender's actions or omissions in connection with the Agreement, including any amendments, or modifications thereto, or otherwise. 

19. This Amendment may be signed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
but all such counterparts together shall constitute but one and the same instrument. 
 20. Capitalized terms used but not
otherwise defined in this Amendment shall have the meanings given such terms in the Agreement. 
 [continued on next page]

  

 7 

 WITNESS the due execution hereof as of the day and year first above written. 

 

									
	 COMERICA BANK, 
	 		 	SOFTWARE BROKERS OF AMERICA, INC.
	as Administrative Agent	 		 		 	
					
	By:	 	 /s/ Justin Milligan
	 		 	By:	 	 /s/ Michael Shalom

	Its:	 	 Asst Vice President
	 		 	Its:	 	 Vice President

 

			
	 COMERICA BANK,

	 as a Lender, as Issuing Lender and as Swing Line Lender

		
	By:	 	 /s/ Justin Milligan

	Its:	 	 Asst Vice President

[continued on next page] 
  

 8 

 Acknowledged by the undersigned Guarantors: 

 

			
	 INTCOMEX, INC.

		
	By:	 	 /s/ Michael Shalom

	Its:	 	 President

	
	NEXXT SOLUTIONS LLC
		
	By:	 	 /s/ Naftali Mizrachi

	Its:	 	 Manager

	
	FORZA POWER TECHNOLOGIES LLC
		
	By:	 	 /s/ Naftali Mizrachi

	Its:	 	 Manager

	
	KLIP XTREME LLC
		
	By:	 	 /s/ Naftali Mizrachi

	Its:	 	 Manager

 

 9 

 Schedule 1.1 

Percentages and Allocations  

Revolving Credit Facility 
  

							
	 LENDERS
	  	REVOLVING
CREDIT

PERCENTAGE	 	 	REVOLVING
CREDIT

ALLOCATIONS
	 Comerica Bank
	  	100	% 	 	$	30,000,000
	 TOTALS
	  	100	% 	 	$	30,000,000

  

 10Third Amended & Restated Employment Agreement - Thomas Rogers

 Exhibit 10.1 

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIS THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is entered into by and between TiVo Inc., a
Delaware corporation (the “Company”), and Thomas S. Rogers (“Executive”), and shall be effective as of February 1, 2010 (the “Third Restatement Effective Date”). 

WHEREAS, the Company and Executive desire to amend and restate that certain Employment Agreement dated as of July 1, 2005 (the
“Original Effective Date”), between the Company and Executive, which was amended and restated effective as of March 21, 2007 (the “Restatement Effective Date”) and September 16, 2008 (the agreement, as
previously amended and restated, the “Prior Agreement”), in order to reflect certain changes to Executive’s compensation and benefits effective as of the Third Restatement Effective Date. 

NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows: 

1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

(a) Board. “Board” means the Board of Directors of the Company. 

(b) Cause. “Cause” means (i) Executive’s willful and continued failure to substantially
perform his duties with the Company (other than any such failure resulting from Executive’s incapacity due to physical or mental illness or any such actual or anticipated failure after Executive’s issuance of a Notice of Termination (as
defined below) for Good Reason), after a written demand for substantial performance is delivered to Executive by the Board, which demand specifically identifies the manner in which the Board believes that Executive has not substantially performed
his duties, (ii) Executive’s willful and continued failure to substantially follow and comply with such specific and lawful directives of the Board that are not inconsistent with Executive’s position as President and Chief Executive
Officer of the Company (other than any such failure resulting from Executive’s incapacity due to physical or mental illness or any such actual or anticipated failure after Executive’s issuance of a Notice of Termination for Good Reason),
after a written demand for substantial performance is delivered to Executive by the Board, which demand specifically identifies the manner in which the Board believes that Executive has not substantially performed his duties,
(iii) Executive’s willful commission of an act of fraud or dishonesty resulting in material economic or financial injury to the Company, or (iv) Executive’s conviction of, or entry by Executive of a guilty or no contest plea to,
the commission of a felony involving moral turpitude. For purposes of this Section 1(b), no act, or failure to act, on Executive’s part shall be deemed “willful” unless done, or omitted to be done, by Executive not in good faith.

 (c) Change of Control. “Change of Control” means (i) a sale, lease or other
disposition of all or substantially all of the assets of the Company, (ii) a sale by the stockholders of the Company of the voting stock of the Company to another corporation and/or its subsidiaries or other person or group that results in the
ownership by such corporation and/or its subsidiaries or other person or group (the “Acquiring Entity”) of eighty percent (80%) or more of the combined voting power of all classes of the voting

 
stock of the Company entitled to vote; provided, however, that a sale by the stockholders of the Company of voting stock that results in the ownership by such Acquiring Entity of
less than eighty percent (80%) of the combined voting power of all classes of the voting stock of the Company entitled to vote shall nonetheless constitute a Change of Control if it results in the Acquiring Entity having the ability to appoint
a majority of the members of the Board, (iii) a merger or consolidation in which the Company is not the surviving corporation, or (iv) a reverse merger in which the Company is the surviving corporation but less than fifty-one percent
(51%) of the shares of the Company’s common stock outstanding immediately after the merger are beneficially owned by the Company’s stockholders (as determined immediately before the merger). 

(d) Good Reason. “Good Reason” means the occurrence of any one or more of the following events without
Executive’s prior written consent, unless the Company fully corrects the circumstances constituting Good Reason (provided such circumstances are capable of correction) prior to the Date of Termination: 

(i) the removal of Executive from his position as Chief Executive Officer or President of the Company for any reason other
than for Cause or Executive’s Disability; 
 (ii) a material reduction in the nature or scope of
Executive’s responsibilities, or the assignment to Executive of duties that are materially inconsistent with Executive’s position (in each case as compared to Executive’s responsibilities, duties or position on the Third Restatement
Effective Date); 
 (iii) the Company’s reduction of Executive’s annual base salary or bonus
opportunity, each as in effect on the Third Restatement Effective Date or as the same may be increased from time to time; 

(iv) the Company’s failure to maintain a suitable and appropriate office for Executive in New York, New York or the
Company’s failure to reimburse Executive for first class air travel for business travel for Executive between New York, New York and the Company’s offices in Alviso, California; 

(v) the Company’s failure to pay to Executive any portion of his then current compensation or any portion of an
installment of deferred compensation under any deferred compensation program of the Company, in each case within seven (7) days of the date such compensation is due; 

(vi) the Company’s failure to continue in effect compensation and benefit plans which provide Executive with benefits
which are no less favorable on an aggregate basis, both in terms of the amount of benefits provided and the level of Executive’s participation relative to other participants, to the benefits provided to Executive under the Company’s
compensation and benefit plans and practices on the Third Restatement Effective Date; 
  

 2 

 (vii) the Company’s failure to obtain a satisfactory agreement from any
successor to assume and agree to perform this Agreement, as contemplated in Section 10(b)(i) hereof; 

(viii) the Company requiring Executive to relocate his primary residence from New York; 

(ix) the Company’s purported modification of this Agreement or any termination of this Agreement by the Company for
any reason other than for Cause or Executive’s Disability; 
 (x) the Company’s providing notice to
Executive, as contemplated by Section 1 thereof, that it does not wish to extend the term of Executive’s Change of Control Agreement (as defined below); or 

(xi) the Company’s material breach of any provision of this Agreement. 

Executive’s right to terminate his employment pursuant to this Section 1(d) shall not be affected by his incapacity due to
physical or mental illness. Executive’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason hereunder. 

(e) Date of Termination. “Date of Termination” means (i) if Executive’s employment is
terminated due to his death, the date of Executive’s death, (ii) if Executive’s employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that Executive shall not have returned to
the full time performance of his duties during such thirty (30) day period), and (iii) if Executive’s employment is terminated for any reason other than death or Disability, the date specified in the Notice of Termination (which, in
the case of a termination by the Company without Cause shall not be less than thirty (30) days from the date such Notice of Termination is given, and in the case of a termination by Executive for Good Reason shall not be less than fifteen
(15) nor more than thirty (30) days from the date such Notice of Termination is given). 
 (f)
Disability. Executive’s “Disability” means his absence from the full-time performance of his duties with the Company for one hundred eighty (180) consecutive days by reason of his physical or mental illness.

 (g) Notice of Termination. Any purported termination of Executive’s employment by the Company or
by Executive (other than termination due to Executive’s death, which shall terminate Executive’s employment automatically) shall be communicated by a written Notice of Termination to the other party hereto in accordance with
Section 10(g). “Notice of Termination” means a notice that shall indicate the specific termination provision in this Agreement (if any) relied upon and shall set forth in

  

 3 

 
reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated. 

(h) Stock Awards. “Stock Awards” means all stock options, stock appreciation rights, restricted
stock units, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof (including without limitation any stock
options or restricted shares of the Corporation’s capital stock that contain provisions making the vesting of, or lapse of restrictions with respect to, such awards contingent upon the attainment of one or more performance goals). 

2. Employment Period. Subject to the provisions for earlier termination hereinafter provided, the term of this Agreement shall
continue in effect until Executive’s employment with the Company is terminated (the “Employment Period”). 

3. Services to Be Rendered. 

(a) Duties and Responsibilities. Executive shall serve as a member of the Board and as President and Chief
Executive Officer of the Company. So long as Executive is serving as the President and Chief Executive Officer of the Company, he will be nominated to, and if elected by the stockholders of the Company, be a member of, the Board. In the performance
of such duties, Executive shall report directly to the Board, shall be the senior-most executive officer of the Company and shall have the duties and responsibilities consistent with the positions set forth above in a company the size and nature of
the Company. Executive hereby consents to serve as an officer and/or director of the Company or any subsidiary or affiliate thereof without any additional salary or compensation, if so requested by the Board. Executive shall be employed by the
Company on a full time basis. Executive shall perform his duties at the Company’s offices in Alviso, California and at the offices maintained by the Company for Executive in New York, New York. Executive shall be subject to and comply with the
policies and procedures generally applicable to senior executives of the Company or such other policies and procedures that apply to Executive particularly, in each case to the extent the same are not inconsistent with any term of this Agreement.
While Executive serves as President and Chief Executive Officer of the Company, the Board shall consult with him regarding any appointments to the offices of Chairman of the Board and Vice Chairman of the Board. 

(b) Exclusive Services. Executive agrees to devote substantially all of Executive’s business time, attention
and energies to the business of the Company. Subject to the terms of Section 6, this shall not preclude Executive from devoting time to personal and family investments or serving on advisory boards, community and civic boards or the corporate
boards on which Executive currently serves, or participating in industry associations, provided such activities do not materially interfere with his duties to the Company. Executive agrees that he will not join any additional corporate boards
without the prior approval of the Board, which approval shall not be unreasonably withheld or delayed. 
  

 4 

 (c) Support Services. Executive shall be entitled to all of the
administrative, operational and facility support customary for a similarly-situated executive. This support shall include an executive assistant selected by Executive exclusively assigned to him and the non-exclusive services of an administrative
assistant located in the Company’s Alviso, California offices. 
 4. Compensation and Benefits. The Company shall
pay or provide, as the case may be, to Executive the compensation and other benefits and rights set forth in this Section 4. 

(a) Base Salary. The Company shall pay to Executive a base salary of $800,000 per fiscal year, payable in
accordance with the Company’s usual pay practices (and in any event no less frequently than monthly). Executive’s base salary shall be subject to review annually by and at the sole discretion of the Compensation Committee of the Board.

 (b) Bonus. In addition to the base salary described above, for each fiscal year ending during the
Employment Period, Executive shall have the opportunity to earn an annual performance bonus based on reasonable criteria established by the Compensation Committee of the Board in good faith no later than ninety (90) days following the start of
each fiscal year. Commencing for the fiscal year ending January 31, 2011, upon full attainment of the aforementioned criteria established by the Compensation Committee of the Board, Executive’s annual bonus will be equal to one hundred
percent (100%) of Executive’s base salary, but for less than full achievement of such aforementioned criteria, Executive’s annual bonus shall be a lesser amount in accordance with a specific formula determined by the Compensation
Committee of the Board, in its discretion, no later than ninety (90) days following the start of each fiscal year. The annual bonus shall be determined in good faith by the Compensation Committee of the Board as soon as practicable after the
end of the fiscal year with respect to which it is payable, and shall be paid to Executive in a lump sum promptly thereafter and in no event later than April 15 immediately following the end of such fiscal year, subject to all withholding with
respect thereto as is required by applicable law. The Compensation Committee of the Board will consider and shall have the discretion to exclude extraordinary items in good faith when determining Executive’s annual bonus, it being understood
that the final determination shall be within the discretion of the Compensation Committee of the Board. 
 (c)
Retention Bonus. Effective as of the Third Restatement Date, Executive shall be paid a retention bonus (a “Retention Bonus”) in the amount of $150,000 on each February 1 on and following the Third Restatement Date at
which Executive remains employed with the Company. The first Retention Bonus shall be paid to Executive as soon as administratively practicable following the date the last signature to this Agreement is received by the Company. 

(d) Benefits. Executive shall be entitled to participate in benefits under the Company’s benefit plans and
arrangements, including, without limitation, any employee benefit plan or arrangement made available in the future by the Company to its senior executives, subject to and on a basis consistent with the terms, conditions and overall administration of
such plans and arrangements. The Company shall have the right to 
  

 5 

 
amend or delete any such benefit plan or arrangement made available by the Company to its senior executives and not otherwise specifically provided for herein. Executive shall also be entitled to
such supplemental benefits as are agreed upon by Executive and the Company from time to time. 
 (e)
Expenses. The Company shall reimburse Executive for reasonable business entertainment expenses and any other out-of-pocket business expenses incurred in connection with the performance of his duties hereunder, subject to (i) such
policies as the Company may from time to time establish, and (ii) Executive furnishing the Company with evidence in the form of receipts satisfactory to the Company substantiating the claimed expenditures. Executive shall be reimbursed for
first class air travel for business travel between New York, New York and the Company’s offices in Alviso, California. Executive shall be reimbursed pursuant to the Company’s standard travel policies for other business travel, provided
that Executive shall be reimbursed for first class air travel if Executive determines reasonably and in good faith that such travel is appropriate. For the avoidance of doubt, the Company shall not reimburse Executive for the personal expenses of
Executive or Executive’s family previously subject to reimbursement, but shall continue to reimburse executive for any business expenses, including home media or home office expenses which qualify as business expenses. 

(f) Paid Time Off; Vacation. Executive shall be entitled to such periods of paid time off (“PTO”)
each year as provided under the Company’s PTO policy and as otherwise provided for senior executive officers, which shall in any event be no less than four (4) weeks per year. 

(g) Stock Awards. Stock Awards shall include any and all Stock Awards granted to Executive prior to the Third
Restatement Effective Date and prior to Executive’s Date of Termination not otherwise referenced herein. 

(i) On the Original Effective Date, the Company granted to Executive (A) stock options to purchase 1,000,000 shares
of the Company’s common stock pursuant to the TiVo Inc. 1999 Equity Incentive Plan (the “1999 Plan”), (B) 1,000,000 stock appreciation rights pursuant to the Plan, and (C) 350,000 shares of the Company’s common
stock pursuant to the 1999 Plan. Such Stock Awards are subject to the terms and conditions of the 1999 Plan and the award agreements pursuant to which such Stock Awards were granted to the extent such provisions are not less favorable to Executive
than the applicable provisions of this Agreement. 
 (ii) On the Restatement Effective Date, the Company granted
to Executive the following stock options (the “New Stock Options”): 
 (A) New Stock Options to
purchase 700,000 shares of the Company’s common stock pursuant to the 1999 Plan. Subject to Sections 4(g)(iv) and 5, (A) 300,000 of such New Stock Options shall vest on the fourth anniversary of the Restatement Effective Date and
(B) 400,000 of such New Stock Options shall vest in forty-eight (48) equal monthly 
  

 6 

 
installments commencing on the first monthly anniversary of the Restatement Effective Date, in the case of both (A) and (B) subject to Executive’s continued employment or service
with the Company on each such date. 
 (B) New Stock Options to purchase 300,000 shares of the Company’s
common stock pursuant to the 1999 Plan. Subject to Sections 4(g)(iv) and 5, all of such New Stock Options shall vest on the fourth anniversary of the Restatement Effective Date, subject to Executive’s continued employment or service with the
Company on such date. Such New Stock Options shall vest on an accelerated basis as follows: 
 (1) If the
Company attains 4,700,000 active subscribers on or prior to the second anniversary of the Restatement Effective Date, 150,000 of such New Stock Options shall vest on the date such achievement is certified by the Compensation Committee of the Board
of Directors, subject to Executive’s continued employment or service with the Company on such date. 
 (2)
If the Company achieves $25,000,000 in ad/ARM revenue for the 2007 or 2008 fiscal years, 150,000 of such New Stock Options shall vest on the date such achievement is certified by the Compensation Committee of the Board of Directors, subject to
Executive’s continued employment or service with the Company on such date. 
 The New Stock Options granted
pursuant to this Section 4(g)(ii) have a per share exercise price equal to $6.18, which was the then-current fair market value of a share of the Company’s common stock (as determined pursuant to the 1999 Plan) on the date of grant. Such
New Stock Options shall be incentive stock options to the extent permitted under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Such New Stock Options shall have a ten (10) year term and shall
be subject to the terms and conditions of the 1999 Plan and the stock option agreement pursuant to which such New Stock Options are granted to the extent such provisions are not less favorable to Executive than the applicable provisions of this
Agreement. 
 (iii) On February 17, 2009, Executive was granted the following restricted stock units
(“New Restricted Stock Units”): 
 (A) Subject to Sections 4(g)(iv) and 5, 700,000 New
Restricted Stock Units pursuant to the Company’s 2008 Equity Incentive Award Plan, as amended from time to time (the “2008 Plan” and, together with the 1999 Plan, the “Plans”). The New Restricted Stock Units
shall be subject to the applicable provisions of this Agreement and the terms and conditions of the 2008 Plan and the restricted stock unit agreement entered into between Executive and the Company evidencing such New Restricted Stock Units.

 (B) 300,000 New Restricted Stock Units (“Performance-Vesting RSUs”) pursuant to the 2008
Plan. The Performance Vesting RSUs shall 
  

 7 

 
be subject to the applicable provisions of this Agreement and the terms and conditions of the 2008 Plan and the restricted stock unit agreement entered into between Executive and the Company
evidencing such Performance Vesting RSUs. 
 (iv) In the event that, following the Third Restatement Effective
Date, Executive elects to have the Company engage a full-time replacement Chief Executive Officer so that Executive may be elected Chairman of the Board, the vesting of Executive’s Stock Awards described in Section 4(g)(i), 4(g)(ii) and
4(g)(iii)(A) shall be automatically adjusted so that (A) the time-based vesting period of such Stock Awards shall be extended to twice the length of the remaining vesting period at the time of such role conversion (performance-based accelerated
vesting shall be unaffected) and (B) the number of Stock Awards vesting on each time-based vesting date during the extended vesting period shall be proportionately adjusted to reflect such extension (performance-based accelerated vesting shall
be unaffected), it being understood that such changes shall be implemented so that one hundred percent (100%) of the Stock Awards will vest by the end of the revised vesting schedule. Except as set forth in the immediately preceding sentence,
Executive’s change in status from President and Chief Executive Officer shall have no adverse effect on his Stock Awards provided Executive continues to be a member of the Board. 

(v) In addition to the Stock Awards described in this Section 4(g), Executive shall be entitled to participate in any
equity or other employee benefit plan that is generally available to senior executive officers, as distinguished from general management, of the Company and shall be eligible to be considered for annual grants of equity awards. Except as otherwise
provided in this Agreement, Executive’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan. 

(h) New York Office. The Company shall continue to maintain an office in New York, New York for Executive’s
use in connection with his performance of services for the Company pursuant to this Agreement, at the location which the Company and Executive have previously agreed on for such office. Following the Third Restatement Effective Date, the New York
office may be relocated by the Company to any location reasonably satisfactory to Executive. 
 (i) Travel and
Living Expense Allowance. Commencing on the Third Restatement Date and continuing through the Employment Period, the Company shall pay to Executive $100,000 per fiscal year as a travel and living expense allowance, payable in substantially equal
installments in accordance with the Company’s usual pay practices for base salary (and in any event no less frequently than monthly). The first payment under this Section 4(i) shall be made as soon as administratively practicable following
the date the Company receives the last signature to this Agreement and shall include any installments that otherwise would have been made during the period 

 

 8 

 
commencing on the Third Restatement Date and ending on the date such signature is received by the Company. 

(j) Miscellaneous Expense Allowance. Effective as of the Third Restatement Date, Executive shall be paid an
allowance for miscellaneous expenses (a “Miscellaneous Expense Allowance”) in the amount of $100,000 on each February 1 on and following the Third Restatement Date at which Executive remains employed with the Company. The first
Miscellaneous Expense Allowance shall be paid to Executive as soon as administratively practicable following the date the last signature to this Agreement is received by the Company. 

(k) Executive Assistant. During the Employment Period, the Company shall either pay directly or reimburse Executive
or TRget Media LLC for the reasonable costs of providing Executive administrative support through the services of his current executive assistant as of the Restatement Effective Date, including without limitation reimbursement for coach class
airfare for such executive assistant for travel between New York, New York and Alviso, California, as well as the reasonable cost of hotel accommodations incurred by such executive assistant during such trip or as needed in New York, New York, at
such hotels as may be mutually agreed upon be the Company and Executive. The parties agree that the current compensation and benefits costs of Executive’s executive assistant are reasonable. 

5. Termination and Severance. Executive shall be entitled to receive benefits upon termination of employment only as set forth in
this Section 5: 
 (a) At-Will Employment; Termination. The Company and Executive acknowledge that
Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If
Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be
terminated immediately on the death of Executive. 
 (b) Termination by Death, For Cause or Disability,
Voluntary Resignation Without Good Reason. If Executive’s employment with the Company is terminated by reason of Executive’s death, by the Company for Cause or Disability, or by Executive other than for Good Reason, the Corporation
shall pay Executive (or his estate) his full base salary, when due, through the Date of Termination, at the rate in effect at the time Notice of Termination is given, plus all other amounts to which Executive is entitled under any compensation plan
or practice of the Company at the time such payments are due (including, without limitation, all accrued and unused vacation), and the Company shall have no further obligations to Executive (or his estate) under this Agreement. In addition, if
Executive’s employment with the Company is terminated by the Company for Cause, or by Executive other than for Good Reason, all vesting of Executive’s unvested Stock Awards previously granted to him by the Company shall cease and none of
such 
  

 9 

 
unvested Stock Awards shall be exercisable following the Date of Termination. If Executive’s employment with the Company is terminated by reason of Executive’s death or by the Company
for Disability, Executive’s unvested Stock Awards as of the Date of Termination, other than the Performance-Vesting RSUs, shall immediately vest with respect to 100% of the shares of Company’s common stock subject thereto and, to the
extent applicable, remain exercisable for the balance of their original term. The foregoing shall be in addition to, and not in lieu of, any and all other rights and remedies which may be available to the Company under the circumstances, whether at
law or in equity. 
 (c) Termination Without Cause or Voluntary Resignation for Good Reason. 

(i) Termination Apart From Change of Control. If Executive’s employment is terminated (A) by the Company
other than for Cause or Disability or (B) by Executive for Good Reason, and such termination is not a Payment Termination (as defined in that certain Second Amended and Restated Change of Control Terms and Conditions effective as of
September 16, 2008, as may be amended from time to time, a copy of which is attached hereto as Exhibit A and incorporated herein by this reference (the “Change of Control Agreement”)), and provided further that the
termination of employment constitutes a “separation from service” within the meaning of Section 409A of the Code and the regulations promulgated thereunder, including Treasury Regulation Section 1.409A-1(h) (a “Separation
from Service”), then, subject to Section 5(d), in lieu of any severance benefits to which Executive may otherwise be entitled under any severance plan or program of the Company or by law, Executive shall be entitled to receive the
benefits provided below: 
 (A) the Company shall pay to Executive his fully earned but unpaid base salary, when
due, through the Date of Termination at the rate in effect at the time Notice of Termination is given, plus all other amounts to which Executive is entitled under any compensation plan or practice of the Company at the time such payments are due
(including, without limitation, all accrued and unused vacation); 
 (B) Executive shall be entitled to receive
an amount equal to two (2) times Executive’s annual base salary (without giving effect to any reductions thereto), payable in three (3) equal installments as follows: (1) one-third (1/3) shall be paid on the date sixty
(60) days after the Date of Termination, (2) one-third (1/3) shall be paid on the date that is six (6) months following the Date of Termination, and (3) one-third (1/3) shall be paid on the date that is twelve
(12) months following the Date of Termination; provided, however, that any amount described in this Section 5(c)(i)(B) that would be unpaid at the end of the calendar year in which the first installment of this Section 5(c)(i)(B) is
first payable shall be paid in a cash lump sum no later than December 31 of such calendar year. 
  

 10 

 (C) for the period beginning on the Date of Termination and ending on the
date which is the earlier of (1) the date Executive obtains substantially similar coverage due to subsequent employment or (2) the date which is twenty-four (24) full months following the Date of Termination, the Company shall
continue in effect at Company cost each health and welfare coverage of Executive and/or his covered dependents on the same terms and conditions in effect prior to Executive’s Date of Termination; 

(D)(1) except for Performance-Vesting RSUs, the vesting and/or exercisability of each of Executive’s
outstanding Stock Awards shall be automatically accelerated on the Date of Termination as to one hundred percent (100%) of such unvested Stock Awards and (2) Executive shall be permitted to exercise each of his outstanding vested Stock
Awards as of the Date of Termination (including any Stock Awards required to be vested in connection with Executive’s termination of employment) for the remainder of the original term of such Stock Award. The foregoing provisions are hereby
deemed to be a part of each Stock Award and to supersede any less favorable provision in any agreement or plan regarding such Stock Award; and 

(E) Executive shall be entitled to receive an amount equal to two (2) times Executive’s
target annual bonus for the fiscal year in which Executive’s employment terminates payable in a single lump sum on the
60th day following Executive’s Date of Termination
and, upon attainment of the performance criteria with respect to Executive’s annual bonus for the fiscal year in which Executive’s employment terminates, a pro rated portion of such annual bonus based upon the actual number of days worked
by Executive during such fiscal year, payable in a single lump sum when bonuses for such fiscal year are paid to the Company’s executives generally (but in no event later than two and one-half months following the end of such fiscal year).

 (ii) Termination In Connection With a Change of Control. If Executive incurs a Payment Termination (as
defined in the Change of Control Agreement), then Executive shall be entitled to receive the benefits provided in the Change of Control Agreement; provided that if any benefit that would otherwise be provided pursuant to Section 5(c)(i)
is more favorable to Executive than that provided under the Change of Control Agreement, Executive shall be entitled to receive the more favorable benefit. 

(d) Release. As a condition to Executive’s receipt of any benefits described in this Section 5(c) (other
than the benefits described in Section 5(c)(i)(A)), Executive shall be required to execute a Release in the form attached hereto as Exhibit B (the “Release”) no later than fifty (50) days following the Date of
Termination and must not revoke the Release during any period permitted under applicable law. 
  

 11 

 (e) Exclusive Remedy. Except as otherwise expressly required by law
(e.g., COBRA) or as specifically provided herein, all of Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such
termination. In the event of a termination of Executive’s employment with the Company, Executive’s sole remedy shall be to receive the payments and benefits described in this Section 5. In addition, Executive acknowledges and agrees
that he is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 5, including, without limitation, any excise tax imposed by
Section 4999 of the Code. 
 (f) No Mitigation. Executive shall not be required to mitigate the
amount of any payment provided for in this Section 5 by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this Section 5 be reduced by any compensation earned by Executive as the result
of employment by another employer or self-employment or by retirement benefits, by offset against any amounts (other than loans or advances to Executive by the Company) claimed to be owed by Executive to the Company, or otherwise. 

(g) Return of the Company’s Property. If Executive’s employment is terminated for any reason, the Company
shall have the right, at its option, to require Executive to vacate his offices prior to or on the effective Date of Termination and to cease all activities on the Company’s behalf. Upon the termination of his employment in any manner, as a
condition to the Executive’s receipt of any post-termination benefits described in this Agreement, Executive shall immediately surrender to the Company all lists, books and records containing Confidential Information (as defined below) and all
other property belonging to the Company, it being distinctly understood that all such lists, books and records containing Confidential Information are the property of the Company. If Executive’s employment is terminated for any reason and the
Company’s New York, New York office is still maintained at its initial location as of the Third Restatement Effective Date, the Company and Executive shall use commercially reasonable efforts to terminate any lease or office sharing arrangement
with respect to such office and to return ownership and/or use of such location to Executive, as appropriate, upon his request. 

6. Certain Covenants. 

(a) Noncompetition. Except as may otherwise be approved by the Board, during the term of Executive’s
employment, Executive shall not have any ownership interest (of record or beneficial) in, or have any interest as an employee, salesman, consultant, officer or director in, or otherwise aid or assist in any manner, any firm, corporation,
partnership, proprietorship or other business that engages in any county, city or part thereof in the United States and/or any foreign country in a business which competes directly with the Company’s business in such county, city or part
thereof, so long as the Company, or any successor in interest of the Company to the business and goodwill of the Company, remains engaged in such business in such county, city or part thereof or continues to solicit customers or potential customers
therein; provided, 
  

 12 

 
however, that Executive may own, directly or indirectly, solely as an investment, securities of any entity which are traded on any national securities exchange if Executive (x) is not
a controlling person of, or a member of a group which controls, such entity; or (y) does not, directly or indirectly, own five percent (5%) or more of any class of securities of any such entity. 

(b) Confidentiality. Executive hereby agrees that, other than as Executive determines in good faith is necessary or
appropriate in the discharge of his duties hereunder, during the term of this Agreement and thereafter, he shall not, directly or indirectly, disclose or make available to any person, firm, corporation, association or other entity for any reason or
purpose whatsoever, any Confidential Information (as defined below). Executive further agrees that, upon termination of his employment with the Company, all Confidential Information in his possession that is in written or other tangible form
(together with all copies or duplicates thereof, including computer files) shall be returned to the Company and shall not be retained by Executive or furnished to any third party, in any form except as provided herein; provided,
however, that, this Section 6(b) shall not apply to Confidential Information that (i) was publicly known at the time of disclosure to Executive, (ii) becomes publicly known or available thereafter other than by any means in
violation of this Agreement or any other duty owed to the Company by Executive, (iii) is lawfully disclosed to Executive by a third party, (iv) is required to be disclosed by law or by any court, arbitrator, mediator or administrative or
legislative body (including any committee thereof) with actual or apparent jurisdiction to order Executive to disclose or make accessible any information, or (v) is related to any litigation, arbitration or mediation between the parties,
including, but not limited to, the enforcement of this Agreement. As used in this Agreement, the term “Confidential Information” means: confidential information disclosed to Executive or known by Executive as a consequence of or
through Executive’s relationship with the Company about the customers, employees, business methods, public relations methods, organization, procedures or finances, including, without limitation, information of or relating to customer lists,
product lists, product road maps, technology specifications or other information related to the products and services of the Company and its affiliates. Nothing herein shall limit in any way any obligation Executive may have relating to Confidential
Information under any other agreement with or promise to the Company. 
 (c) Non-Solicitation. Executive
hereby agrees that, for the eighteen (18) month period immediately following the Date of Termination, Executive shall not, either on his own account or jointly with or as a manager, agent, officer, employee, consultant, partner, joint venturer,
owner or shareholder or otherwise on behalf of any other person, firm or corporation, directly or indirectly solicit or attempt to solicit away from the Company any of its officers or employees or offer employment to any person who, on or during the
six (6) months immediately preceding the date of such solicitation or offer, is or was an officer or employee of the Company; provided, however, that (i) a general advertisement to which an employee of the Company responds
shall in no event be deemed to result in a breach of this Section 6(c), and (ii) it shall not be a violation of this Section 6(c) for Executive to directly or indirectly solicit the employment of, or to hire, his current executive
assistant. 
  

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 (d) Survival; Reformation. The provisions of this Section 6
shall survive the termination or expiration of this Agreement and Executive’s employment with the Company and shall be fully enforceable thereafter. If it shall be finally determined that any restriction in this Section 6 is excessive in
duration or scope or is unreasonable or unenforceable under the laws of any state or jurisdiction, it is the intention of the parties that such restriction may be modified or amended to render it enforceable to the maximum extent permitted by the
law of that state or jurisdiction. 
 (e) Equitable Relief. In the event that Executive shall breach or
threaten to breach any of the provisions of this Section 6, in addition to and without limiting or waiving any other remedies available to the Company in law or in equity, the Company shall be entitled to immediate injunctive relief in any
court, domestic or foreign, having the capacity to grant such relief, to restrain such breach or threatened breach and to enforce the provisions of this Section 6. Executive acknowledges that it is impossible to measure in money the damages
that the Company will sustain in the event that Executive breaches or threatens to breach the provisions of this Section 6 and, in the event that the Company shall institute any action or proceeding to enforce such provisions seeking injunctive
relief, Executive hereby waives and agrees not to assert and shall not use as a defense thereto the claim or defense that the Company has an adequate remedy at law. The foregoing shall not prejudice the right of the Company to require Executive to
account for and pay over to the Company the amount of any actual damages incurred by the Company as a result of such breach. 

7. Insurance. The Company shall have the right to take out life, health, accident, “key-man” or other insurance covering
Executive, in the name of the Company and at the Company’s expense in any amount deemed appropriate by the Company. Executive shall assist the Company in obtaining such insurance, including, without limitation, submitting to any required
examinations and providing information and data required by insurance companies (as well as any action to comply with all applicable provisions of Code Section 101(j), relating to employer-owned life insurance contracts, as may be necessary in
order for the proceeds of the key-man life insurance policy to qualify for the exclusion from gross income under Code Section 101(a)). 

8. Arbitration; Dispute Resolution, Etc. 

(a) Arbitration Procedures. Except as set forth in Section 6, any disagreement, dispute, controversy or claim
arising out of or relating to this Agreement or the interpretation of this Agreement or any arrangements relating to this Agreement or contemplated in this Agreement or the breach, termination or invalidity thereof shall be settled by final and
binding arbitration administered by JAMS/Endispute in San Jose, California in accordance with the then existing JAMS/Endispute Arbitration Rules and Procedures for Employment Disputes. In the event of such an arbitration proceeding, Executive and
the Company shall select a mutually acceptable neutral arbitrator from among the JAMS/Endispute panel of arbitrators. In the event Executive and the Company cannot agree on an arbitrator, the Administrator of JAMS/Endispute will appoint an
arbitrator. Neither Executive nor the Company nor the arbitrator shall disclose 
  

 14 

 
the existence, content, or results of any arbitration hereunder without the prior written consent of all parties. Except as provided herein, the Federal Arbitration Act shall govern the
interpretation, enforcement and all proceedings. The arbitrator shall apply the substantive law (and the law of remedies, if applicable) of the state of California, or federal law, or both, as applicable, and the arbitrator is without jurisdiction
to apply any different substantive law. The arbitrator shall have the authority to entertain a motion to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such motions under the Federal Rules of Civil
Procedure. The arbitrator shall render an award and a written, reasoned opinion in support thereof. Judgment upon the award may be entered in any court having jurisdiction thereof. 

(b) Expenses; Legal Fees. The Company shall pay, or reimburse Executive for, all administrative fees and costs, and
all arbitrator’s fees and expenses incurred by Executive in connection with any Dispute arising out of or related to this Agreement. The Company shall pay, or reimburse Executive for, all expenses and reasonable attorney’s fees incurred by
Executive in connection with any Dispute arising out of or relating to this Agreement or the interpretation thereof with respect to which Executive prevails. In addition, the Company shall pay Executive’s reasonable attorney’s fees
incurred in connection with negotiating and documenting this Agreement and all other agreements related to Executive’s employment by the Company. 

9. General Relationship. Executive shall be considered an employee of the Company within the meaning of all federal, state and
local laws and regulations including, but not limited to, laws and regulations governing unemployment insurance, workers’ compensation, industrial accident, labor and taxes. 

10. Miscellaneous. 

(a) Entire Agreement. This Agreement, the Change of Control Agreement, the Plans and the Stock Award agreements
referenced herein set forth the entire agreement of the parties hereto in respect of the subject matter contained herein and therein and supersede all prior agreements, promises, covenants, arrangements, communications, representations or
warranties, whether oral or written, by any officer, employee or representative of any party hereto, and any prior agreement of the parties hereto in respect of the subject matter contained herein, including without limitation, the Prior Agreement,
any prior severance agreements, any contrary or limiting provisions in any Company equity compensation plan that certain Vice Chairman Employment Agreement dated as of October 6, 2004, between Executive and the Company and the Prior Agreement;
provided, however, that the parties agree that all options to purchase Company common stock held by Executive immediately prior to the Original Effective Date shall remain outstanding (unless such options are exercised by Executive or
expire by their own terms) during the period Executive is employed by the Company or serving as a member of the Board. Any of Executive’s rights hereunder shall be in addition to any rights Executive may otherwise have under benefit plans or
agreements of the Company (other than severance plans or agreements) to which Executive is a party or in which Executive is a participant, including, but not limited to, any Company sponsored employee benefit plans and stock option plans. The
provisions of this Agreement shall 
  

 15 

 
not in any way abrogate Executive’s rights under such other plans and agreements. In addition, this Agreement shall not limit in any way any obligation Executive may have under any other
agreement with or promise to the Company relating to employee confidentiality, proprietary rights in technology or the assignment of interests in any intellectual property. 

(b) Assignment; Assumption by Successor. 

(i) The rights of the Company under this Agreement may, without the consent of Executive, be assigned by the Company, in
its sole and unfettered discretion, to any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly, acquires all or substantially all of the assets or business of the
Company. The Company shall require any successor (whether direct or indirect, by purchase, merger or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and to 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 succession had taken place; provided, however, that no such assumption shall relieve the Company of its obligations hereunder. Unless
expressly provided otherwise, “Company” as used herein shall mean the Company as defined in this Agreement and any successor to its business and/or assets as aforesaid. 

(ii) None of the rights of Executive to receive any form of compensation payable pursuant to this Agreement shall be
assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of Executive. Any attempted assignment, transfer, conveyance, or other disposition (other than as aforesaid) of any
interest in the rights of Executive to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void. 

(iii) This Agreement shall inure to the benefit of and be enforceable by Executive and his personal or legal
representatives, executors, administrators, successors, heirs, distributes, devisees and legatees. If Executive should die while any amount would still be payable to Executive hereunder had he continued to live, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Agreement to his devisee, legatee or other designee or, if there is no such designee, to his estate. 

(c) Survival. The covenants, agreements, representations and warranties contained in or made in Sections 5, 6, 8,
10 and 12(o) of this Agreement shall survive any termination of Executive’s employment or any termination of this Agreement. In addition, Executive’s right to terminate his employment for Good Reason and the Company’s obligations
under this Agreement in the event of Executive’s voluntary resignation for Good Reason shall survive any actual or purported termination of this Agreement by the Company for a reason other than Cause or Executive’s Disability. 

 

 16 

 (d) Third-Party Beneficiaries. This Agreement does not create, and
shall not be construed as creating, any rights enforceable by any person not a party to this Agreement. 
 (e)
Waiver. The failure of either party hereto at any time to enforce performance by the other party of any provision of this Agreement shall in no way affect such party’s rights thereafter to enforce the same, nor shall the waiver by either
party of any breach of any provision hereof be deemed to be a waiver by such party of any other breach of the same or any other provision hereof. 

(f) Section Headings. The headings of the several sections in this Agreement are inserted solely for the
convenience of the parties and are not a part of and are not intended to govern, limit or aid in the construction of any term or provision hereof. 

(g) Notices. All notices, requests and other communications hereunder shall be in writing and shall be delivered by
courier or other means of personal service (including by means of a nationally recognized courier service or professional messenger service), or sent by telex or telecopy or mailed first class, postage prepaid, by certified mail, return receipt
requested, in all cases, addressed to: 
 If to the Company or the Board: 

TiVo Inc. 

2160 Gold Street 

P.O. Box 2160 

Alviso, California 95002-2160 

Attention: Secretary 

If to Executive: 

Thomas S. Rogers 

All notices, requests and other communications shall be deemed given on the date of actual receipt or delivery as evidenced by written receipt,
acknowledgement or other evidence of actual receipt or delivery to the address. In case of service by telecopy, a copy of such notice shall be personally delivered or sent by registered or certified mail, in the manner set forth above, within three
business days thereafter. Any party hereto may from time to time by notice in writing served as set forth above designate a different address or a different or additional person to which all such notices or communications thereafter are to be given.

 (h) Severability. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

(i) Governing Law and Venue. This Agreement is to be governed by and construed in accordance with the laws of the
State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof. Except as provided in Sections 6 and 8, any suit brought hereon shall be brought in the
state or federal courts sitting in San Jose, California, the parties 
  

 17 

 
hereto hereby waiving any claim or defense that such forum is not convenient or proper. Each party hereby agrees that any such court shall have in personam jurisdiction over it and consents to
service of process in any manner authorized by California law. 
 (j) Counterparts. This Agreement may be
executed in several counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. 

(k) Construction. The language in all parts of this Agreement shall in all cases be construed simply, according to
its fair meaning, and not strictly for or against any of the parties hereto. Without limitation, there shall be no presumption against any party on the ground that such party was responsible for drafting this Agreement or any part thereof.

 (l) Withholding and other Deductions. All compensation payable to Executive hereunder shall be subject
to such deductions as the Company is from time to time required to make pursuant to law, governmental regulation or order. 

(m) Code Section 409A. 

(i) Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed by the Corporation at the time
of his Separation from Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is
required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six-month
period measured from the date of the Separation from Service with the Corporation or (B) the date of Executive’s death. Upon the first business day following the expiration of the applicable Code Section 409A(a)(2)(B)(i) period, all
payments deferred pursuant to this Section 10(m)(i) shall be paid in a lump sum to Executive, and any remaining payments due under the Agreement shall be paid as otherwise provided herein. For purposes of Section 409A of the Code
(including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive each installment payment (the “Installment Payments”) shall be treated as a right to receive a series
of separate payments and, accordingly, each Installment Payment shall at all times be considered a separate and distinct payment. 

(ii) In addition, any reimbursements payable to Executive pursuant to this Agreement shall be paid in a timely manner to
Executive, but in no event later than December 31 of the year following the year in which the cost was incurred. The amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and
Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit. 
  

 18 

 (n) Indemnification. During the Employment Period, Executive shall be
entitled to enter into an Indemnification Agreement in the form filed by the Company with the Securities and Exchange Commission as Exhibit 10.1 to the Company’s Registration Statement on Form S-1 (File No. 333-83515). 

(o) Amendment. No provision of this Agreement may be modified, waived or discharged unless such waiver,
modification or discharge is agreed to in writing and signed by Executive and such officer of the Company as may be specifically designated by the Board. 

(Signature Page Follows) 
  

 19 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth
above. 
  

									
	EXECUTIVE	 		 	TIVO INC.
			
	 /s/ Thomas Rogers
	 		 	 /s/ Heidi Roizen

	Thomas Rogers	 		 	By:	 	Heidi Roizen
		 		 		 	Title:	 	Director
				
		 		 		 	 /s/ Alan C. Mendelson

		 		 		 	By:	 	Alan C. Mendelson
		 		 		 	Title:	 	Assistant Secretary

 [SIGNATURE PAGE TO
EMPLOYMENT AGREEMENT] 
  

 20 

 EXHIBIT A 

CHANGE OF CONTROL AGREEMENT 

 EXHIBIT B 

GENERAL RELEASE OF CLAIMS  

This General Release of Claims (“Release”) is entered into as of this      day
of         , 200  , between                     
(“Executive”), and TiVo Inc., a Delaware corporation (the “Company”) (collectively referred to herein as the “Parties”), effective eight (8) days after Executive’s
signature (the “Release Effective Date”), unless Executive revokes his or her acceptance as provided in Paragraph 3(c), below. 

WHEREAS, Executive and the Company are parties to that certain Third Amended and Restated Employment Agreement dated as of
            , 2010 (the “Employment Agreement”); 

WHEREAS, Executive and the Company are parties to that certain Second Amended and Restated Change of Control Agreement dated as of
September 16, 2008 (the “Change of Control Agreement”); 
 WHEREAS, Executive’s employment
with the Company terminated effective as of                     , (the “Termination Date”); 

WHEREAS, the Parties agree that the termination of Executive’s employment has triggered severance payments and benefits to Executive
under Section 5(c) of the Employment Agreement or Section 4 of the Change of Control Agreement, subject to Executive’s execution and non-revocation of this Release; and 

WHEREAS, the Company and Executive now wish to document the termination of Executive’s employment with the Company and to fully and
finally to resolve all matters between them. 
 NOW, THEREFORE, in consideration of, and subject to, the severance payments and
benefits to be made available to Executive pursuant to Section 5(c) of the Employment Agreement or Section 4 of the Change of Control Agreement, as applicable, the adequacy of which is hereby acknowledged by Executive, and which Executive
acknowledges that he would not otherwise be entitled to receive, Executive and the Company hereby agree as follows: 
 1.
Termination of Positions as Officer and Employment. Executive’s positions as an officer and employee of the Company are terminated effective as of the Termination Date. 

2. Severance Payments and Benefits. Subject to Executive’s execution and non-revocation of this Release, Executive shall
receive payments, severance benefits and benefits as described in Section 5(c) of the Employment Agreement or Section 4 of the Change of Control Agreement, as applicable. 

3. General Release of Claims by Executive. 

(a) Executive, on behalf of himself and his executors, heirs, administrators, representatives and assigns, hereby agrees
to release and forever discharge the Company and all predecessors, successors and their respective parent corporations, affiliates, related, and/or subsidiary entities, and all of their past and present investors, directors,

 
shareholders, officers, general or limited partners, employees, attorneys, agents and representatives, and the employee benefit plans in which Executive is or has been a participant by
virtue of his employment with the Company (collectively, the “Company Releasees”), from any and all claims, debts, demands, accounts, judgments, rights, causes of action, equitable relief, damages, costs, charges, complaints,
obligations, promises, agreements, controversies, suits, expenses, compensation, responsibility and liability of every kind and character whatsoever (including attorneys’ fees and costs), whether in law or equity, known or unknown, asserted or
unasserted, suspected or unsuspected (collectively, “Claims”), which Executive has or may have had against such entities based on any events or circumstances arising or occurring on or prior to the date hereof or on or prior
to the Termination Date, arising directly or indirectly out of, relating to, or in any other way involving in any manner whatsoever Executive’s employment by or service to the Company or the termination thereof, including any and all claims
arising under federal, state, or local laws relating to employment, including without limitation claims of wrongful discharge, breach of express or implied contract, fraud, misrepresentation, defamation, or liability in tort, and claims of any kind
that may be brought in any court or administrative agency including, without limitation, claims under Title VII of the Civil Rights Act of 1964, as amended, 42 USC Section 2000, et seq.; the Americans with Disabilities Act, as
amended, 42 U.S.C. § 12101 et seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701 et seq.; the Civil Rights Act of 1866, and the Civil Rights Act of 1991; 42 USC Section 1981, et
seq.; the Age Discrimination in Employment Act, as amended, 29 USC Section 621, et seq.; the Equal Pay Act, as amended, 29 USC Section 206(d); regulations of the Office of Federal Contract Compliance, 41 CFR
Section 60, et seq.; the Family and Medical Leave Act, as amended, 29 U.S.C. § 2601 et seq.; the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. § 201 et seq.; The Executive Retirement
Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; and the California Fair Employment and Housing Act, California Government Code Section 12940, et seq. 

Notwithstanding the generality of the foregoing, Executive does not release the following claims: 

(i) Claims for unemployment compensation or any state disability insurance benefits pursuant to the terms of applicable
state law; 
 (ii) Claims for workers’ compensation insurance benefits under the terms of any worker’s
compensation insurance policy or fund of the Company; 
 (iii) Claims to continued participation in the
Company’s group medical, dental, vision, and life insurance benefit plans pursuant to the terms and conditions of the federal law known as COBRA; 

(iv) Claims for indemnity under the bylaws of the Company, as provided for by Delaware law or under any applicable
insurance policy with respect to Executive’s liability as an employee or officer of the Company of that certain Indemnification Agreement dated
                     between Executive and the Company; 

(v) Claims based on any right Executive may have to enforce the Company’s executory obligations under the Employment
Agreement, the Change 
  

 2 

 
of Control Agreement or agreements related to stock awards granted to Executive by the Company; and 

(vi) Claims Executive may have to vested or earned compensation and benefits. 

(b) EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN ADVISED OF AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE
SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW
PRINCIPLES OF SIMILAR EFFECT. 
 (c) Older Worker’s Benefit Protection Act. Executive agrees and
expressly acknowledges that this Release includes a waiver and release of all claims which he has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq.
(“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this Release: 

(i) This paragraph, and this Release are written in a manner calculated to be understood by him. 

(ii) The waiver and release of claims under the ADEA contained in this Release does not cover rights or claims that may
arise after the date on which he signs this Release. 
 (iii) This Release provides for consideration in addition
to anything of value to which he is already entitled. 
 (iv) Executive has been advised to consult an attorney
before signing this Release. 
 (v) Executive has been granted twenty-one (21) days after he is presented
with this Release to decide whether or not to sign this Release. If he executes this Release prior to the expiration of such period, he does so voluntarily and after having had the opportunity to consult with an attorney, and hereby waives the
remainder of the twenty-one (21) day period. 
 (vi) Executive has the right to revoke this general release
within seven (7) days of signing this Release. In the event he does so, both this Release and the offer of benefits to him pursuant to the Employment Agreement or the Change of Control Agreement, as applicable, will be null and void in their
entirety, and he will not receive any severance payments or benefits under the Employment Agreement or the Change of Control Agreement. 
  

 3 

 If he wishes to revoke this Release, Executive shall deliver written
notice stating his or her intent to revoke this Release to the Chairman of the Board of Directors of the Company and the Company’s Chief Executive Officer, or, if Executive is serving in such capacities as of the Termination Date, to the
Chairman of the Compensation Committee of the Board of Directors of the Company, at the offices of the Company on or before 5:00 p.m. on the seventh
(7th ) day after the date on which he signs this
Release. 
 4. No Assignment. Executive represents and warrants to the Company Releasees that there has been no
assignment or other transfer of any interest in any Claim that Executive may have against the Company Releasees, or any of them. Executive agrees to indemnify and hold harmless the Company Releasees from any liability, claims, demands, damages,
costs, expenses and attorneys’ fees incurred as a result of any such assignment or transfer from Executive; provided, however, that this sentence shall not apply with respect to a claim challenging the validity of this general
release with respect to a claim under the Age Discrimination in Employment Act, as amended. 
 5. Confidential Information;
Return of Company Property. Executive hereby certifies that he has complied with Section 5(g) of the Employment Agreement. 

6. Paragraph Headings. The headings of the several paragraphs in this Release are inserted solely for the convenience of the
Parties and are not a part of and are not intended to govern, limit or aid in the construction of any term or provision hereof. 

7. Notices. All notices, requests and other communications hereunder shall be in writing and shall be delivered by courier or
other means of personal service (including by means of a nationally recognized courier service or professional messenger service), or sent by telex or telecopy or mailed first class, postage prepaid, by certified mail, return receipt requested, in
all cases, addressed to: 
 If to the Company or the Board: 

TiVo Inc. 

2160 Gold Street 

P.O. Box 2160 

Alviso, California 95002-2160 

Attention: Secretary 

If to Executive: 

Thomas S. Rogers 

All notices, requests and other communications shall be deemed given on the date of actual receipt or delivery as evidenced by written
receipt, acknowledgement or other evidence of actual receipt or delivery to the address. In case of service by telecopy, a copy of such notice shall be personally delivered or sent by registered or certified mail, in the manner set forth above,
within three business days thereafter. Any party hereto may from time to time by notice in writing served as set forth above designate a different address or a different or additional person to which all such notices or communications thereafter are
to be given. 
  

 4 

 8. Severability. The invalidity or unenforceability of any provision of this Release
shall not affect the validity or enforceability of any other provision of this Release, which shall remain in full force and effect. 

9. Governing Law and Venue. This Release is to be governed by and construed in accordance with the laws of the State of California
applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof. Any suit brought hereon shall be brought in the state or federal courts sitting in San Jose, California, the
Parties hereby waiving any claim or defense that such forum is not convenient or proper. Each party hereby agrees that any such court shall have in personam jurisdiction over it and consents to service of process in any manner authorized by
California law. 
 10. Counterparts. This Release may be executed in several counterparts, each of which shall be deemed
to be an original but all of which together shall constitute one and the same instrument. 
 11. Construction. The
language in all parts of this Release shall in all cases be construed simply, according to its fair meaning, and not strictly for or against any of the parties hereto. Without limitation, there shall be no presumption against any party on the ground
that such party was responsible for drafting this Release or any part thereof. 
 12. Entire Agreement. This Release, the
Employment Agreement and the Change of Control Agreement set forth the entire agreement of the Parties in respect of the subject matter contained herein and therein and supersede all prior agreements, promises, covenants, arrangements,
communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party hereto, and any prior agreement of the Parties in respect of the subject matter contained herein. 

13. Amendment. No provision of this Release may be modified, waived or discharged unless such waiver, modification or discharge is
agreed to in writing and signed by Executive and such officer of the Company as may be specifically designated by the Board of Directors of the Company. 

14. Understanding and Authority. The Parties understand and agree that all terms of this Release are contractual and are not a
mere recital, and represent and warrant that they are competent to covenant and agree as herein provided. The Parties have carefully read this Release in its entirety; fully understand and agree to its terms and provisions; and intend and agree that
it is final and binding on all Parties. 
 (Signature Page Follows) 

 

 5 

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed the
foregoing Release as of the date first written above. 
  

							
	EXECUTIVE	 		 	TIVO INC.
			
	  
	 		 	  

	Thomas Rogers	 		 	By:	 	
		 		 	Title:	 	

 [SIGNATURE PAGE TO RELEASE] 

 

 6

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