Document:

Employment Agreement between Christopher E. Roberts and Rentrak Corporation

 EXHIBIT 10.36 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement is entered into effective as of January 1,
2008, by and between Christopher E. Roberts (“Executive”) and RENTRAK CORPORATION, an Oregon corporation (the “Corporation”). 
  

	1.	SERVICES 

 1.1 Employment Position.
Corporation agrees to employ Executive as Sr. Vice President, Home Entertainment Media & Information Services, and Executive accepts such employment, under the terms and conditions of this Agreement. Executive also agrees to serve, if
elected, without separate compensation, as an officer and/or director of any subsidiary or affiliate of Corporation. Corporation represents to Executive that it currently has and will maintain directors and officers liability insurance. 

1.2 Term. 
 1.2.1 General.
The term of this Agreement (the “Term”) will commence on January 1, 2008, and, subject to the other provisions of this Section 1.2, will expire December 31, 2008. 
 1.2.2 Renewal Term or Terms. The term of this Agreement will automatically extend into one or more “Renewal Terms” of an additional
one-year period that will expire on December 31, 2008 (or December 31 of any such subsequent Renewal Term), unless Corporation, not later than October 31, 2008 (or October 31 of any subsequent Renewal Term), gives written
notice (a “Notice of Non-Renewal”) to Executive that the Term will not extend into a Renewal Term. Corporation may give a Notice of Non-Renewal for any reason or for no reason. Failure to extend the Term into a Renewal Term will not
constitute a termination of Executive’s employment effective as of the end of the Term or any applicable Renewal Term for purposes of this Agreement. References to the “Term” of this Agreement include the initial Term and, if the
Agreement extends into one or more Renewal Terms pursuant to this Section, the Renewal Term or Terms. 
 1.2.3 Extension of Term Upon
Change in Control. Notwithstanding the foregoing, in the event of a Change in Control of Corporation, as defined in Section 8.1 of this Agreement, during the Term (or any Renewal Term) of this Agreement, the Term will automatically be
extended to December 31 of the second calendar year following the calendar year in which the Change in Control occurs. 
 1.2.4
At-Will Employment. The parties acknowledge that Executive is and will be an at-will employee of Corporation and nothing in this Agreement will limit the right of Corporation or Executive to terminate this Agreement at any time for any reason
or for no reason, subject to the provisions of this Agreement describing the compensation payable, if any, in connection with such a termination of employment. 
 1.2.5 Compensation Upon Termination Following Term Of Agreement. Notwithstanding termination of this Agreement, the provisions of Section 7 will continue to apply. 
 1.3 Duties. During the Term, Executive will serve in an executive capacity as Sr. Vice President, Home Entertainment Media & Information
Services. Executive will report directly to President, Home Entertainment. Executive will be responsible for the direction and supervision of Home Entertainment Essentials (Retail & Rental), Direct Revenue Share (DRS) and Digital Download
Essentials Services on behalf of Corporation, and such other or different duties on behalf of Corporation as may be assigned from time to time by President, Home Entertainment, Corporation’s President, Chief Executive Officer, or Board of
Directors (the “Board”). Executive will do such traveling as may be required in the performance of his duties under this Agreement. 
 1.4 Outside Activities. During his employment under this Agreement, Executive will devote his full business time, energies, and attention to the business and affairs of Corporation, and to the promotion and 

  

					
	EMPLOYMENT AGREEMENT	  	- 1 -	  	

 
advancement of its interests. Executive will perform his services faithfully, competently, and to the best of his abilities and will not engage in
professional or personal business activities that may require an appreciable portion of Executive’s time or effort to the detriment of Corporation’s business. 
 1.5 Application of Corporate Policies. Executive will, except as otherwise provided in this Agreement, be subject to Corporation’s rules, practices, and policies applicable generally to Corporation’s
senior executive employees, as such rules, practices, and policies may be revised from time to time by the Board. 
  

	2.	COMPENSATION AND EXPENSES 

 2.1 Base Salary.
As compensation for services under this Agreement, Corporation will pay to Executive a base salary of $175,100 per year, payable in a manner consistent with Corporation’s payroll practices for management employees, as such practices may be
revised from time to time. Executive’s annual base salary will be reviewed by Corporation’s Chief Executive Officer and Compensation Committee (the “Committee”) on or before April 1 of each year during the Term (commencing
in 2008), unless Executive’s employment has been terminated earlier pursuant to this Agreement, to determine if such annual base salary should be increased (but not decreased) for the following fiscal year in recognition of services to
Corporation. 
 2.2 Corporate and Personal Performance Improvement Incentive Plan. 
 2.2.1 Definitions. For purposes of this Section 2.2, the following terms have this meanings set forth below: 
 “Bonus Income” means, for any Fiscal Year, the excess of the Net Income for Corporation for the Fiscal Year over the
Threshold Income for the Fiscal Year. 
 “Corporate Performance Incentive Bonus” means a bonus under the
Incentive Plan to reflect Corporate performance improvement equal to, for each Fiscal Year, the product of (a) the Bonus Income for that Fiscal Year, (b) Executive’s Performance Achievement Factor for the Fiscal Year, and
(c) Executive’s Participation Percentage for the Fiscal Year. 
 “Fiscal 2008” means the fiscal
year beginning April 1, 2007, and ending March 31, 2008. 
 “Fiscal 2008” means the fiscal year
beginning April 1, 2008, and ending March 31, 2009. 
 “Incentive Plan” means Corporation’s
Corporate and Personal Performance Improvement Incentive Plan. 
 “Net Income” means, for each Fiscal Year,
the net income before income taxes for Corporation as determined for financial accounting purposes in accordance with Corporation’s standard accounting policies and principles, consistently applied. 
 “Parameters” mean, for each Fiscal Year, the Corporate “Report Card” parameters and the “Personal
Expectation” performance parameters established by Corporation’s CEO, with the approval of the Compensation Committee for Executive for a Fiscal Year. Executive’s Corporate Report Card parameters and Personal Expectation performance
parameters for Fiscal 2008 were previously designated by Corporation’s CEO, with the approval of the Compensation Committee, and communicated to Executive. For Fiscal 2009 and any subsequent Fiscal Year beginning in a Renewal Term,
Corporation’s CEO, with the approval of the Compensation Committee will designate Executive’s Corporate Report Card parameters and Personal Expectation performance parameters no later than May 31, 2008 (or May 31 of that Fiscal
Year). 
  

					
	EMPLOYMENT AGREEMENT	  	- 2 -	  	

 “Parameter Achievement Factors” mean, for each Fiscal Year, the factors,
expressed as percentages, determined by Corporation’s CEO, with the approval of the Compensation Committee after the end of the Fiscal Year to reflect the extent to which the Corporate Report Card Parameters and Executive’s Personal
Expectation Parameters for the Fiscal Year have been accomplished. 
 “Participation Percentage” means, for a
Fiscal Year, a percentage specified by Corporation’s CEO, with the approval of the Compensation Committee, to determine Executive’s Corporate Performance Incentive Bonus. For Fiscal 2008, Executive’s Participation Percentage is
        %. For Fiscal 2009 and any subsequent Fiscal Year beginning in a Renewal Term, Corporation’s CEO, with the approval of the Compensation Committee will specify Executive’s Participation
Percentage no later than May 31, 2008 (or May 31 of that Fiscal Year). 
 “Personal Performance Incentive
Bonus” means a bonus under the Incentive Plan to reflect personal performance equal to, for each Fiscal Year, the product of (a) the Personal Performance Incentive Maximum Bonus for the Fiscal Year and (b) the Executive’s
Performance Achievement Factor for the Fiscal Year. 
 “Personal Performance Incentive Maximum Bonus” means
an amount of money set for a Fiscal Year by the Corporation’s CEO, with the approval of the Compensation Committee, as the maximum amount of money that the Executive might earn as a Personal Performance Incentive Bonus. The Personal Performance
Incentive Maximum Bonus for Fiscal 2008 was previously designated by Corporation’s CEO, with the approval of the Compensation Committee, and communicated to Executive. For Fiscal 2009 and any subsequent Fiscal Year beginning in a Renewal Term,
the Compensation Committee will designate the Personal Performance Incentive Maximum Bonus no later than May 31, 2008 (or May 31 of that Fiscal Year). 
 “Performance Achievement Factor” means a factor, expressed as a percentage, rounded to the nearest whole percent, based
on the arithmetic average of the Parameter Achievement Factors for a Fiscal Year; provided however that (a) if the average of the Parameter Achievement Factors is less than 75%, the Performance Achievement Factor will be zero, and (b) the
Performance Achievement Factor may not exceed 100% unless expressly approved by Corporation’s CEO, with the approval of the Compensation Committee. 
 “Threshold Income” means the level of Net Income for Corporation for a Fiscal Year as designated by Corporation’s CEO, with the approval of the Compensation Committee. The Threshold Income for
Fiscal 2008 was previously designated by Corporation’s CEO, with the approval of the Compensation Committee, and communicated to Executive. For Fiscal 2009 and any subsequent Fiscal Year beginning in a Renewal Term, the Compensation Committee
will designate the Threshold Income no later than May 31, 2008 (or May 31 of that Fiscal Year). 
 2.2.2 Determination of
Parameter Achievement Factors. As soon as practicable after March 31, 2008 (or March 31 of any Fiscal Year beginning in a Renewal Term), Corporation’s CEO, with the approval of the Compensation Committee will evaluate the extent
to which Corporation and Executive have met the Report Card and Personal Expectation parameters and determine the Parameter Achievement Factors for Fiscal 2008 (or such Fiscal Year). 
 2.2.3 Aggregate Incentive Bonus. 
 (a) Fiscal 2008. Provided Executive remains an employee of Corporation through at least March 31, 2008, Corporation will pay Executive a bonus under the Incentive Plan equal to the sum of the Corporate Performance Incentive
Bonus for Fiscal 2008 and the Personal Performance Incentive Bonus for Fiscal 2008. Such bonus, if any, will be paid to Executive by June 1, 2008. 
  

					
	EMPLOYMENT AGREEMENT	  	- 3 -	  	

 (b) Fiscal 2009 and Subsequent Fiscal Years Beginning in a Renewal Term. Provided
Executive remains an employee of Corporation through at least March 31, 2009 (or March 31 of any subsequent Fiscal Year that begins during a Renewal Year), Corporation will pay Executive a bonus under the Incentive Plan equal to the sum of
the Corporate Performance Incentive Bonus for Fiscal 2009 (or such subsequent Fiscal Year) and the Personal Performance Incentive Bonus for Fiscal 2009 (or such subsequent Fiscal Year). Such bonus, if any, will be paid to Executive by
June 1, 2009 (or June 1 of such subsequent Fiscal Year). 
 2.3 Equity-Based or Other Long-Term Incentive Compensation.
Executive will participate, together with Corporation’s other senior executives, in Corporation’s 2005 Stock Incentive Plan (the “Plan”). Executive will be granted options to purchase shares of Corporation’s common stock
and/or other equity-based awards under the Plan, or under another long-term incentive compensation plan that may be developed by Corporation for its senior executives, at the times and in the amounts determined by the Committee. All awards will be
subject to the provisions of the Plan or such other long-term plan. 
 2.4 Additional Employee Benefits. Executive will receive an
annual grant of 208 hours of credit (or such higher number of hours as are credited to Corporation’s other senior executives) under Corporation’s Personal Time Off (PTO) program. Personal time off and vacation may be taken in accordance
with Corporation’s rules, practices, and policies applicable to Corporation’s senior executive employees, as such rules, practices, and policies may be revised from time to time by the Board or the Committee. During the Term, Executive
will be entitled to any other employee benefits approved by the Board or the Committee, or available to officers and other management employees generally, including any life and medical insurance plans, 401(k) and other similar plans, and health and
welfare plans, each whether now existing or hereafter approved by the Board or the Committee (“Benefit Plans”). The foregoing will not be construed to require Corporation to establish any such plans or to prevent Corporation from modifying
or terminating any such Benefit Plans. 
 2.5 Expenses. Subject to review and approval by the chairman of Corporation’s audit
committee, Corporation will reimburse Executive for reasonable expenses actually incurred by Executive in connection with the business of Corporation. Executive will submit to Corporation such substantiation for such expenses as may be reasonably
required by Corporation. 
  

	3.	CONFIDENTIAL INFORMATION 

 3.1 Definition.
“Confidential Information” is all nonpublic information relating to Corporation or its business that is disclosed to Executive, that Executive produces, or that Executive otherwise obtains during employment. Confidential Information also
includes information received from third parties that Corporation has agreed to treat as confidential. Examples of Confidential Information include, without limitation, marketing plans, customer lists or other customer information, product design
and manufacturing information, and financial information. Confidential Information does not include any information that (i) is within the public domain other than as a result of disclosure by Executive in violation of this Agreement,
(ii) was, on or before the date of disclosure to Executive, already known by Executive, or (iii) Executive is required to disclose in any governmental, administrative, judicial, or quasi-judicial proceeding, but only to the extent that
Executive is so required to disclose and provided that Executive takes reasonable steps to request confidential treatment of such information in such proceeding. 
 3.2 Access to Information. Executive acknowledges that in the course of his employment he will have access to Confidential Information, that such information is a valuable asset of Corporation, and that its
disclosure or unauthorized use will cause Corporation substantial harm. 
 3.3 Ownership. Executive acknowledges that all Confidential
Information will continue to be the exclusive property of Corporation (or the third party that disclosed it to Corporation), whether or not prepared in whole or in part by Executive and whether or not disclosed to Executive or entrusted to his
custody in connection with his employment by Corporation. 
  

					
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 3.4 Nondisclosure and Nonuse. Unless authorized or instructed in advance in writing by
Corporation, or required by law (as determined by licensed legal counsel), Executive will not, except as required in the course of Corporation’s business, during or after his employment, disclose to others or use any Confidential Information,
unless and until, and then only to the extent that, such items become available to the public through no fault of Executive. 
 3.5 Return
of Confidential Information. Upon request by Corporation during or after his employment, and without request upon termination of employment pursuant to this Agreement, Executive will deliver immediately to Corporation all written, stored, saved,
or otherwise tangible materials containing Confidential Information without retaining any excerpts or copies. 
 3.6 Duration. The
obligations set forth in this Section 3 will continue beyond the term of employment of Executive by Corporation and for so long as Executive possesses Confidential Information. 
 3.7 Effect of Prior Agreement. Executive acknowledges that the provisions of this Section 3 are in addition to and do not supersede the
provisions of that Employee Confidentiality Agreement (the “Prior Agreement”) between Corporation and Executive dated effective June 17, 1992, and that the Prior Agreement remains in full force and effect. 
  

	4.	NONCOMPETITION 

 4.1 Competitive Entity. For
purposes of this Agreement, a Competitive Entity is any firm, corporation, partnership, limited liability company, business trust, or other entity that is engaged in all or any of the following business activities: 
 (a) The wholesale and/or revenue sharing physical or electronic distribution of home entertainment software in any media, including
without limitation video cassettes, DVDs, video games, and PC software (“Entertainment Software”); 
 (b) The
fulfillment, warehouse, or distributing business in connection with the Entertainment Software industry; 
 (c) The
collection, aggregation, tracking, and dissemination of market information and data (such as sales, marketing, inventory, occurrence, expenditure, and advertising data) related to consumer activity in various industries including, but not limited
to, the entertainment industry; 
 (d) The delivery of technological intelligence, industry analysis, and strategic and
tactical guidance with respect to consumer activity in various industries including, but not limited to the entertainment industry; or 
 (e) Any business directly competitive with a business then engaged in by Corporation or identified in Corporation’s three-year business plan. 
 4.2 Covenant. During the Term and for a period ending on the last day of the applicable Noncompete Period described in Section 5.7, Executive
will not, within any geographical area where Corporation engages in business: 
 (a) Directly or indirectly, alone or with any
individual, partnership, limited liability company, corporation, or other entity, become associated with, render services to, invest in, represent, advise, or otherwise participate in any Competitive Entity; provided, however, that nothing contained
in this Section 4.2 will prevent Executive from owning less than 5 percent of 

  

					
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any class of equity or debt securities listed on a national securities exchange or market, provided such involvement is solely as a passive investor;

 (b) Solicit any business on behalf of a Competitive Entity from any individual, firm, partnership, corporation, or other
entity that is a customer of Corporation during the 12 months immediately preceding the date Executive’s employment with Corporation is terminated; or 
 (c) Employ or otherwise engage, or offer to employ for Executive or any other person, entity, or corporation, the services or employment of any person who has been an employee, sales representative, or agent of
Corporation during the 12 months preceding the date Executive’s employment with Corporation is terminated. 
 For purposes of this Section 4,
“Corporation” means Corporation and its subsidiaries (whether now existing or subsequently created) and their successors and assigns. 
 4.3 Severability; Reform of Covenant. If, in any judicial proceeding, a court refuses to enforce this covenant not to compete because it covers too extensive a geographic area, is too long in its duration, or for any other reason,
the parties intend that it be reformed and enforced to the maximum extent permitted under applicable law. 
  

	5.	TERMINATION 

 Executive’s employment under this
Agreement will terminate prior to the end of the Term as follows: 
 5.1 Death. Executive’s employment will terminate
automatically upon the date of Executive’s death. 
 5.2 Disability. Company may, at its option, terminate Executive’s
employment under this Agreement upon written notice to Executive if Executive, because of physical or mental incapacity or disability, fails to perform the essential functions of his position, with reasonable accommodation, required of him under
this Agreement for a continuous period of 120 days or any 180 days within any 12-month period. 
 5.3 Termination by Corporation for
Cause. Corporation may terminate Executive’s employment under this Agreement for Cause at any time. For purposes of this Agreement, “Cause” means: (a) Executive’s willful material misconduct in performance of the duties
of his position with Corporation or a material breach by Executive of this Agreement, (b) Executive’s willful commission of a material act of malfeasance, dishonesty, or breach of trust against Corporation or its successors that materially
harms or discredits Corporation or its successors or is materially detrimental to the reputation of Corporation or its successors, or (c) Executive’s conviction of or a plea of nolo contendere to a felony involving moral turpitude. In all
cases, Corporation will give Executive notice setting for forth in reasonable detail the specific respects in which the Corporation believes it has Cause to terminate Executive and allow Executive a reasonable opportunity to correct such conduct.

 5.4 Termination by Executive for Good Reason. Executive may terminate his employment with Corporation under this Agreement for
“Good Reason” if Corporation has not cured the actions or circumstances which are the basis for such termination within 30 days following receipt by the Board of written notice from Executive setting forth the actions or circumstances
constituting Good Reason. For purposes of this Agreement, “Good Reason” means: 
 (a) Failure of Corporation to
comply with the terms of this Agreement; or 
 (b) The occurrence (without Executive’s express written consent) of any of
the following acts by Corporation or failures by Corporation to act: 
 (i) A substantial adverse alteration in the nature or
status of Executive’s title, position, duties, or reporting responsibilities as an executive of Corporation; 
  

					
	EMPLOYMENT AGREEMENT	  	- 6 -	  	

 (ii) A reduction in Executive’s base salary as set forth in this Agreement or as
the base salary may be increased from time to time; 
 (iii) The failure by Corporation to continue to provide Executive with
benefits and participation in Benefit Plans made available by Corporation to its senior executives; or 
 (iv) The relocation
of Corporation’s executive offices at which Executive is to provide services to a location more than 35 miles from its current location on N.E. Ambassador Place in Portland, Oregon. 
 5.5 Termination by Corporation Without Cause. Corporation may terminate Executive’s employment with Corporation without Cause for any reason
or for no reason at any time by written notice to Executive. 
 5.6 Termination by Executive Without Good Reason. Executive may
terminate Executive’s employment with Corporation other than for Good Reason for any other reason or for no reason at any time by written notice to the Chief Executive officer of the Corporation. 
 5.7 Applicable Noncompete Periods upon Termination. The duration of Executive’s obligations under Section 4 (the “Noncompete
Period”) will be as follows: 
 (a) In the event Executive terminates his employment with Corporation for Good Reason
under Section 5.4 or Corporation terminates Executive’s employment with Corporation without Cause under Section 5.5, the Noncompete Period will continue so long as Executive is entitled to receive Monthly Severance Payments under
Sections 6.3(a) or 7.2(a) (without giving effect to any prepayment pursuant to the Outside Payment Date provisions of such Sections). Executive’s obligations under this Agreement will terminate immediately if Corporation fails to make a
Monthly Severance Payment within 15 days after it is due. For this purpose, a check for a Monthly Severance Payment mailed within such 15-day period (as evidenced by official postmark) will be deemed to be made within such 15-day period. 

(b) Subject to extension by Corporation as provided below, in the event Executive terminates his employment with Corporation other than
for Good Reason under Section 5.6, the Noncompete Period will be one year from the date of termination. Corporation may in its sole discretion extend the Noncompete Period for a period not to extend beyond 24 months from the date the Noncompete
Period would otherwise expire by agreeing to make Monthly Severance Payments to Executive during the extended Noncompete Period. To extend the Noncompete Period, Corporation must give Executive written notice (an “Extension Notice”) no
later than 60 days following the date of termination, stating the elected duration of the extended Noncompete Period. The Extension Notice will constitute a binding commitment by Corporation to make Monthly Severance Payments for the full duration
of the extended Noncompete Period and no further extension of the Noncompete Period will be permitted. Executive’s obligations under this Agreement will terminate immediately if Corporation fails to make a Monthly Severance Payment within 15
days after it is due. 
 (c) In the event Corporation terminates Executive’s employment for Cause, the Noncompete Period
will be one year from the date of termination. 
  

	6.	COMPENSATION UPON TERMINATION DURING TERM OF AGREEMENT 

 6.1 Definitions. For purposes of Section 6.3 and Section 7.2, the following terms have this meanings set forth below: 
 “Applicable Severance Period” means the greater of (i) nine months, or (ii) a period equal to three months for each full four years of continuous service as an employee of Corporation,
determined based on the number of full years of service as of the date of termination. 

  

					
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For example, for an employee with 18 years of continuous service as of the date of termination, the Applicable Severance Period would be 12 months.

 “Outside Payment Date” means the 15th day of the third calendar month of the calendar year immediately following the date of termination of Executive. 
 6.2 Death or Disability. Upon termination of Executive’s employment pursuant to Section 5.1 or Section 5.2 prior to the expiration
of the Term, all obligations of Corporation under this Agreement will cease, except that Executive will be entitled to: 
 (a)
Accrued base salary through the date of Executive’s termination of employment; and 
 (b) Other benefits under Benefit
Plans to which Executive was entitled upon such termination of employment in accordance with the terms of such Benefit Plans. 
 6.3
Termination Without Cause or by Executive for Good Reason. 
 (a) Monthly Severance Payments. 
 (i) In the event that no Change in Control (as defined in Section 8.1) has occurred and, prior to the expiration of the Term,
Executive terminates his employment with Corporation for Good Reason under Section 5.4 or Corporation terminates Executive’s employment with Corporation without Cause under Section 5.5, Executive will be entitled to the benefits
described in Section 6.2, plus severance payments equal to the Applicable Severance Period (or, if longer, the number of whole calendar months remaining in the Term) multiplied by the base salary per month in effect as of the date of
termination, payable in equal monthly installments (each installment, a “Monthly Severance Payment”). Monthly Severance Payments will be paid in monthly installments commencing in the calendar month following termination; provided however,
that if the period over which Monthly Severance Payments would otherwise be payable would extend beyond the Outside Payment Date, the unpaid portion of the aggregate amount of Monthly Severance Payments (plus the unpaid portion of any amounts being
paid to or reimbursed to Executive under Section 6.3(b) for medical and dental benefits) as of the Outside Payment Date will be paid to Executive in a lump sum not later than the Outside Payment Date. 
 (ii) Corporation’s obligations to pay Monthly Severance Payments under this Section 6.3(a) and to continue medical and dental
insurance benefits as provided in Section 6.3(b) are expressly conditioned on (i) Executive’s execution of a release (in the form attached to this Agreement as Appendix 6.3(a)(ii), with such modifications specifically in response to
changes in applicable law as counsel for Corporation determines to be reasonably necessary or desirable to ensure effective release of all claims) of any and all claims that Executive may hold through the date such release is executed against
Corporation or any of its subsidiaries or affiliates, and (ii) the expiration of any applicable revocation period specified in such release without revocation of the release by Executive. 
 (iii) Monthly Severance Payments will be payable in a manner consistent with Corporation’s payroll practices for management
employees. 
 (iv) Executive will not be required to mitigate the Monthly Severance Payments pursuant to this Agreement by
seeking other employment; provided however, that amounts payable by Corporation as Monthly Severance Payments will be reduced by 

  

					
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compensation actually received by Executive from a new employer during the severance period described above. 
 (b) Medical and Dental Insurance Benefits. In addition to Monthly Severance Payments, subject to the execution of a release as
described in Section 6.3(a)(ii), Corporation will continue to provide or will arrange to provide (at Corporation’s cost) Executive with medical and dental insurance benefits substantially similar to those to which Executive was entitled as
of the date of termination until Corporation’s obligation to make Monthly Severance Payments expires; provided, however, that if Executive is employed with another employer and is eligible to receive medical and dental insurance benefits under
another employer-provided plan, Corporation’s obligation to provide the medical and dental benefits described in this paragraph will terminate automatically. 
 (c) Effect of Competition. Corporation’s obligation to make Monthly Severance Payments and provide medical and dental
insurance benefits to Executive will terminate if Executive breaches a material provision of Section 4. 
 6.4 Termination For Cause
or by Executive Without Good Reason. In the event that, prior to the expiration of the Term, Corporation terminates Executive’s employment with Corporation for Cause under Section 5.3, or Executive terminates his employment with
Corporation for other than Good Reason under Section 5.6, Corporation’s obligations under this Agreement will cease and Executive will be entitled to that portion of his base salary and employment benefits for which he is qualified as of
the date of termination and Executive will not be entitled to any other compensation or consideration. 
 6.5 Compliance with IRC
Section 409A. To the extent required by IRC § 409A as enacted by the American Jobs Creation Act of 2004, and regulations under that section, payment of severance benefits to Executive under any provision of Sections 6, 7, or
8 of this Agreement will not be paid, or commenced, until the expiration of six months following the date of termination of Executive’s employment with Corporation. If monthly payments are deferred pursuant to this Section, all such
deferred amounts will be paid in a lump sum on the expiration of the six-month period. 
  

	7.	COMPENSATION UPON TERMINATION FOLLOWING TERM OF AGREEMENT 

 7.1 Application of Section. The provisions of this Section 7 apply only to officers of Corporation who have five or more continuous years of employment with Corporation. 
 7.2 Termination Without Cause or by Executive for Good Reason. 
 (a) Monthly Severance Payments. 
 (i) In the event that no Change in Control (as defined in Section 8.1) has occurred and, after the expiration of the Term, Executive terminates his employment with Corporation for Good Reason under
Section 5.4 or Corporation terminates Executive’s employment with Corporation without Cause under Section 5.5, Executive will be entitled to the benefits described in Section 6.2, plus severance payments equal to the Applicable
Severance Period multiplied by the base salary per month in effect as of the date of termination, payable in equal monthly installments (each installment, a “Monthly Severance Payment”). For purposes of this Section 7, Executive will
not be entitled to any severance payment in connection with any termination, including without limitation termination by reason of or in connection with Executive’s death or Disability, other than an involuntary termination by Corporation
without Cause or a voluntary termination by Executive with Good Reason after the expiration of the Term. Monthly Severance Payments will be paid in monthly installments commencing in the calendar month following termination; provided however, that
if the period over which Monthly Severance Payments would otherwise be payable would extend beyond the Outside 

  

					
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Payment Date, the unpaid portion of the aggregate amount of Monthly Severance Payments (plus the unpaid portion of any amounts being paid to or reimbursed to
Executive under Section 7.2(b) for medical and dental benefits) as of the Outside Payment Date will be paid to Executive in a lump sum not later than the Outside Payment Date. 
 (ii) Corporation’s obligations to pay Monthly Severance Payments under this Section 7.2(a) and to continue medical and dental
insurance benefits as provided in Section 7.2(b) are expressly conditioned on (i) Executive’s execution of a release (in the form attached to this Agreement as Appendix 6.3(a)(ii), with such modifications specifically in response to
changes in applicable law as counsel for Corporation determines to be reasonably necessary or desirable to ensure effective release of all claims) of any and all claims that Executive may hold through the date such release is executed against
Corporation or any of its subsidiaries or affiliates, and (ii) the expiration of any applicable revocation period specified in such release without revocation of the release by Executive. 
 (iii) Monthly Severance Payments will be payable in a manner consistent with Corporation’s payroll practices for management
employees. 
 (iv) Executive will not be required to mitigate the Monthly Severance Payments pursuant to this Agreement by
seeking other employment; provided however, that amounts payable by Corporation as Monthly Severance Payments will be reduced by compensation actually received by Executive from a new employer during the severance period described above. 

(b) Medical and Dental Insurance Benefits. In addition to Monthly Severance Payments, subject to the execution of a release as
described in Section 6.3(a)(ii), Corporation will continue to provide or will arrange to provide (at Corporation’s cost) Executive with medical and dental insurance benefits substantially similar to those to which Executive was entitled as
of the date of termination until Corporation’s obligation to make Monthly Severance Payments expires; provided, however, that if Executive is employed with another employer and is eligible to receive medical and dental insurance benefits under
another employer-provided plan, Corporation’s obligation to provide the medical and dental benefits described in this paragraph will terminate automatically. 
 (c) Effect of Competition. Corporation’s obligation to make Monthly Severance Payments and provide medical and dental
insurance benefits to Executive will terminate if Executive breaches a material provision of Section 4. 
 7.3 Effect of Expiration
of Term. The provisions of this Section 7 will continue to apply and will be binding on Corporation and Executive after the expiration of the Term for so long as Executive continues to be an employee of Corporation unless expressly revoked
or modified in writing by Corporation and Executive. 
  

	8.	EFFECT OF CHANGE IN CONTROL 

 8.1
Definitions. 
 “Change in Control”. For purposes of this Agreement, a “Change in Control” will be deemed
to have occurred upon the first fulfillment of the conditions set forth in any one of the following three paragraphs: 
 (a)
Any “person” (as that term is defined in Section 3(a)(9) and 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than a trustee or other fiduciary holding securities under an employee
benefit plan of Corporation, is or becomes a beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of 

  

					
	EMPLOYMENT AGREEMENT	  	- 10 -	  	

 
Corporation representing 25% or more of the combined voting power of Corporation’s then outstanding securities; 
 (b) A majority of the directors elected at any annual or special meeting of shareholders are not individuals nominated by
Corporation’s then incumbent Board; or 
 (c) The shareholders of Corporation approve a merger or consolidation of
Corporation with any other corporation, other than a merger or consolidation which would result in the voting securities of Corporation outstanding immediately prior to such transaction continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity) at least 75% of the combined voting power of the voting securities of Corporation or of such surviving entity outstanding immediately after such merger or consolidation, or the
shareholders of Corporation approve a plan of complete liquidation of Corporation or an agreement for the sale or disposition by Corporation of all or substantially all of its assets. 
 “Other Payment” means any payment or benefit payable to Executive in connection with a Change in Control of Corporation pursuant to any
plan, arrangement, or agreement (other than this Agreement) with Corporation, a person whose actions result in such Change in Control, or any person affiliated with Corporation or such person. 
 “Total Payments” means all payments or benefits payable to Executive in connection with a Change in Control, including Change in Control
Payments pursuant to this Agreement and any Other Payments pursuant to any other plan, agreement, or arrangement with Corporation, a person whose actions result in the Change in Control, or any person affiliated with Corporation or such person.

 8.2 Compensation Upon Termination Following a Change in Control. 
 (a) Change in Control Payments. In the event of Corporation’s termination of Executive without Cause, or Executive’s
termination of employment with Corporation for Good Reason, following a Change in Control and at any time during the Term of this Agreement (as extended pursuant to Section 1.2), Executive will be entitled to the benefits described in
Section 6.1 plus the following payments (the “Change in Control Payments”): 
 (i) In lieu of any further
salary payments to Executive for the periods subsequent to the date of termination, an amount of severance pay equal to 200% multiplied by the sum of (A) Executive’s annual base salary, at the rate in effect on the date the Change in
Control occurs, plus (B) the average annual incentive cash compensation (if any) paid to Executive or accrued to Executive’s benefit (prior to any deferrals) in respect of the two fiscal years of Corporation last ended prior to the fiscal
year in which the Change in Control occurs, payable in a lump sum within 60 days of Executive’s termination of employment with Corporation; and 
 (ii) Continuation for a period of two years following such termination of Executive’s participation in all Benefit Plans in which Executive was entitled to participate immediately before the Change in Control,
provided that such continued participation is possible under the general terms and provisions of such Benefit Plans. In the event Executive’s continued participation in any Benefit Plan is barred by the provisions of the Benefit Plan,
Corporation will, at Corporation’s cost, arrange to provide Executive with benefits substantially similar to those, which Executive was entitled to receive under the Benefit Plan. 
 (b) Reduction. In the event that any portion of the Total Payments payable to Executive in connection with a Change in Control of
Corporation would constitute an “excess parachute payment” within the meaning of IRC § 280G(b) that is subject to the excise tax imposed on so-called excess 

  

					
	EMPLOYMENT AGREEMENT	  	- 11 -	  	

 
parachute payments pursuant to IRC §4999 (an “Excise Tax”), the Change in Control Payments otherwise payable under Section 8.2(a)
will be reduced to avoid such Excise Tax if, and to the extent that, such reduction will result in a larger after-tax benefit to Executive, taking into account all applicable federal, state, and local income and excise taxes. 
 (c) Application. For purposes of this Section 8.2: 
 (i) No portion of the Total Payments, the receipts or enjoyment of which Executive has effectively waived in writing prior to the date of
payment of any Change in Control Payments, will be taken into account; 
 (ii) No portion of the Total Payments will be taken
into account which, in the opinion of tax counsel selected by Corporation and reasonably acceptable to Executive (“Tax Counsel”), does not constitute a “parachute payment” within the meaning of IRC § 280G;

 (iii) If Executive and Corporation disagree whether any payment of Change in Control Payments will result in an Excise Tax
or whether a reduction in any Change in Control Payments will result in a larger after-tax benefit to Executive, the matter will be conclusively resolved by an opinion of Tax Counsel; 
 (iv) Executive agrees to provide Tax Counsel with all financial information necessary to determine the after-tax consequences of payments
of Change in Control Payments for purposes of determining whether, or to what extent, Change in Control Payments are to be reduced pursuant to Section 8.2(b); and 
 (v) The value of any noncash benefit or any deferred payment or benefit included in the Total Payments, and whether or not all or a
portion of any payment or benefit is a “parachute payment” for purposes of this Section 8.2, will be determined by Corporation’s independent accountants in accordance with the principles of IRC § 280(G)(d)(3) and
(4). 
 (d) Effect on Other Agreements. In the event that any other agreement, plan, or arrangement providing for Other
Payments (an “Other Agreement”) has a provision that requires a reduction in the Other Payment governed by such Other Agreement to avoid or eliminate an “excess parachute payment” for purposes of IRC § 280G, the
reduction in Change in Control Payments pursuant to Section 8.2(b) will be given effect before any reduction in the Other Payment pursuant to the Other Agreement. To the extent possible, Corporation and Executive agree that reductions in
benefits under any plan, program, or arrangement of Corporation will be reduced (only to the extent described in Section 8.2(b)) in the following order of priority: 
 (i) Change in Control Payments under this Agreement; 
 (ii) Benefit Plan benefit continuation pursuant to Section 8.2(a)(ii); and 
 (iii) The acceleration in the exercisability of any stock option or other stock related award granted by Corporation. 
  

	9.	REMEDIES 

 The respective rights and duties of
Corporation and Executive under this Agreement are in addition to, and not in lieu of, those rights and duties afforded to and imposed upon them by law or at equity. Executive acknowledges that any breach or threatened breach of Sections 3 or 4
of this Agreement will cause irreparable harm to Corporation and that any remedy at law would be inadequate to protect the legitimate interests of Corporation. 

  

					
	EMPLOYMENT AGREEMENT	  	- 12 -	  	

 
Executive agrees that Corporation will be entitled to specific performance, or to any other form of injunctive relief to enforce its rights under Sections 3
or 4 of this Agreement without the necessity of showing actual damage or irreparable harm or the posting of any bond or other security. Such remedies will be in addition to any other remedy available to Corporation at law or in equity. 

 

	10.	SEVERABILITY OF PROVISIONS 

 The provisions of this
Agreement are severable, and if any provision of this Agreement is held invalid, unenforceable, or unreasonable, it will be enforced to the maximum extent permissible, and the remaining provisions of the Agreement will continue in full force and
effect. 
  

	11.	NONWAIVER 

 Failure of Corporation at any time to
require performance of any provision of this Agreement will not limit the right of Corporation to enforce the provision. No provision of this Agreement or breach of this Agreement may be waived by either party except in writing signed by that party.
A waiver of any breach of a provision of this Agreement will be construed narrowly and will not be deemed to be a waiver of any succeeding breach of that provision or a waiver of that provision itself or of any other provision. 
  

	12.	NOTICES 

 All notices required or permitted under
this Agreement must be in writing and will be deemed to have been given if delivered by hand, or mailed by first-class, certified mail, return receipt requested, postage prepaid, to the respective parties as follows (or to such other address as any
party may indicate by a notice delivered to the other parties hereto): (i) if to Executive, to his residence as listed in Corporation’s records, and (ii) if to Corporation, to the address of the principal office of Corporation, at:

 One Airport Center 
 7700 N.E.
Ambassador Place 
 Portland, Oregon 97220 
 With a copy to: 
 Mary Ann Frantz 
 Miller Nash, LLP 
 111 SW Fifth Avenue, Suite
3400 
 Portland, Oregon 97204 
  

	13.	ATTORNEY FEES 

 In the event of any suit or action
or arbitration proceeding to enforce or interpret any provision of this Agreement (or which is based on this Agreement), the prevailing party will be entitled to recover, in addition to other costs, the reasonable attorney fees incurred by the
prevailing party in connection with such suit, action, or arbitration, and in any appeal therefrom. The determination of who is the prevailing party and the amount of reasonable attorney fees to be paid to the prevailing party will be decided by the
arbitrator or arbitrators (with respect to attorney fees incurred prior to and during the arbitration proceedings) and by the court or courts, including any appellate courts, in which the matter is tried, heard, or decided, including the court which
hears any exceptions made to an arbitration award submitted to it for confirmation as a judgment (with respect to attorney fees incurred in such confirmation proceedings). 
  

	14.	GOVERNING LAW 

 This Agreement will be construed in
accordance with the laws of the state of Oregon, without regard to any conflicts of laws rules. Any suit or action arising out of or in connection with this Agreement, or any breach of this 

  

					
	EMPLOYMENT AGREEMENT	  	- 13 -	  	

 
Agreement, must be brought and maintained in the Circuit Courts of the State of Oregon. The parties hereby irrevocably submit to the jurisdiction of such
court for the purpose of such suit or action and hereby expressly and irrevocably waive, to the fullest extent permitted by law, any claim that any such suit or action has been brought in an inconvenient forum. 
  

	15.	GENERAL TERMS AND CONDITIONS 

 This Agreement
constitutes the entire understanding of the parties relating to the employment of Executive by Corporation, and supersedes and replaces all written and oral agreements heretofore made or existing by and between the parties relating to such
employment. Executive acknowledges that he has read and understood all of the provisions of this Agreement, that the restrictions contained in Sections 4 and 5.7 of this Agreement are reasonable and necessary for the protection of
Corporation’s business and that Executive entered into this contract in connection with a bona fide advancement of Executive with Corporation in that Executive was granted a long-term employment contract. This Agreement will inure to the
benefit of any successors or assigns of Corporation. All captions used in this Agreement are intended solely for convenience of reference and will in no way limit any of the provisions of this Agreement. 
 The parties have executed this Employment Agreement as of the date stated above. 
  

					
	 	  	RENTRAK CORPORATION
			
	 /s/ Christopher E. Roberts
	  	By:	 	 /s/ Paul Rosenbaum

	Christopher E. Roberts	  	Title:	 	Paul Rosenbaum, CEO

  

					
	EMPLOYMENT AGREEMENT	  	- 14 -	  	

 APPENDIX 6.3(a)(ii) 
 FORM OF 
 AGREEMENT AND RELEASE 
 THIS AGREEMENT AND RELEASE (“Release”) is made on this      day of
                    , 200    , by and between Rentrak Corporation, an Oregon corporation
(“Corporation”) and Christopher E. Roberts (“Executive”). Corporation and Executive agree as follows: 
  

	1.	Payment to Executive. 

 (a) Upon the execution of
this Release, and after expiration of the revocation period specified in Section 9 of this Release, Corporation will commence payment of the applicable Monthly Severance Payments described in Section 6 of Executive’s Employment
Agreement dated January 1, 2008 (the “Employment Agreement”), less normal deductions and withholdings. 
 (b) Executive
specifically acknowledges and agrees that Corporation has paid Executive all wages and other compensation and benefits to which Executive is entitled except those described in Paragraph 1(a) of this Release and that the execution of this Release
(and compliance with the noncompetition provisions of Section 4 of the Employment Agreement) are conditions precedent to Corporation’s obligation to make the Monthly Severance Payments. 
  

	2.	Release by Executive. 

 Executive hereby completely
releases and forever discharges Corporation and each of its past, present, and future parent and subsidiary corporations and affiliates and each of their respective past, present, and future shareholders, officers, directors, agents, employees,
insurers, successors, and assigns (collectively, the “Released Parties”), from any and all claims, liabilities, demands, and causes of action of any kind, whether statutory or common law, in tort, contract, or otherwise, in law or in
equity, and whether known or unknown, foreseen or unforeseen, in any way arising out of, concerning, or related to, directly or indirectly, Executive’s employment with Corporation, including, but not limited to, the termination of
Executive’s employment based on any act or omission on or prior to the effective date of this Release, but not including any claim for workers’ compensation or unemployment insurance benefits. Without limiting the generality of the
foregoing, this release specifically includes, but is not limited to, a release of claims arising under Title VII of the Civil Rights Act of 1964; the Age Discrimination in Employment Act; the Americans with Disabilities Act; the Family and Medical
Leave Act; the Employee Retirement Income Security Act; the Worker Adjustment and Retraining Notification Act; and ORS chapters 652, 653, and 659A, and any amendments to any of such laws. 
  

	3.	Return of Corporation Property. 

 Executive
represents and warrants that Executive has returned to Corporation all property belonging to Corporation, including, but not limited to, all documents or other media containing confidential or proprietary information of Corporation (including
without limitation customer, production, and pricing information), and all Corporation credit cards, keys, cellular telephones, and computer hardware and software. 
  

	4.	No Liability or Wrongdoing. 

 Corporation
specifically denies any liability or wrongdoing whatsoever. Neither this Release nor any of its provisions, terms, or conditions constitute an admission of liability or wrongdoing or may be offered or received in evidence in any action or proceeding
as evidence of an admission of liability or wrongdoing. 
  

	5.	Severability. 

 If any provision of this Release is
found by any court to be illegal or legally unenforceable for any reason, the remaining provisions of this Release will continue in full force and effect. 
  

					
	EMPLOYMENT AGREEMENT	  	- 1 -	  	

	6.	Attorney Fees. 

 If any action is brought to
interpret or enforce this Release or any part of it, the prevailing party will be entitled to recover from the other party its reasonable attorney fees and costs incurred therein, including all attorney fees and costs on any appeal or review.

  

	7.	Choice of Law. 

 This Release will be governed by
the laws of the state of Oregon, without regard to its principles of conflicts of laws. 
  

	8.	Consideration of Agreement. 

 Executive acknowledges
that Corporation has advised him in writing to consult with an attorney before signing this Release and that he has been given at least 21 days to consider whether to execute this Release. For purposes of this 21-day period, Executive acknowledges
that this Release was delivered to him on                     , 20    , that the 21-day period will expire
                    , 20    , and that he may have until that date to consider the Release. 
  

	9.	Revocation. 

 Executive may revoke this Release by
written notice, delivered to                      within seven days following his date of signature as set forth below. This Release becomes
effective and enforceable after such seven-day period has expired. 
  

	10.	Knowing and Voluntary Agreement. 

 Executive
acknowledges and agrees that: (a) the only consideration for this Release is the consideration expressly described in this document; (b) he has carefully read the entire Release; (c) he has had the opportunity to review this Release
and to have it reviewed and explained to him by an attorney of his choosing; (d) he fully understands the final and binding effect; and (e) he is signing this Release voluntarily and with the full intent of releasing Corporation from all
claims. 
  

	11.	Miscellaneous. 

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

							
	RENTRAK CORPORATION	    		 	
			
	 By:
	 	  
	    	  

		 		    	Christopher E. Roberts
	 Title:
	 	  
	    		 	
				
	 Date:
	 	  
	    	Date:	 	  

  

							
	 STATE OF
	 	  
	 	)	 	
		 		 	)	 	SS
	 COUNTY OF
	 	  
	 	)	 	

 This instrument was acknowledged before me on
                    , 20    , by
                    . 
  

					
	EMPLOYMENT AGREEMENT	  	- 2 -Exhibit 4.1

 Exhibit 4.1 
 CHASE ISSUANCE TRUST 
 as Issuing Entity 
 CLASS A(2008-10) TERMS DOCUMENT 
 dated as of June 13, 2008 
 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to 
 THIRD AMENDED AND RESTATED 
 INDENTURE 
 dated as of December 19, 2007 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE
	ARTICLE I Definitions and Other Provisions of General Application	  	
			
	Section 1.01	  	Definitions	  	1
	Section 1.02	  	Governing Law	  	4
	Section 1.03	  	Counterparts	  	4
	Section 1.04	  	Ratification of Indenture and Indenture Supplement	  	4
		
	ARTICLE II The Class A(2008-10) Notes	  	
			
	Section 2.01	  	Creation and Designation	  	5
	Section 2.02	  	Specification of Required Subordinated Amount and Other Terms	  	5
	Section 2.03	  	Interest Payment	  	6
	Section 2.04	  	Calculation Agent; Determination of LIBOR	  	6
	Section 2.05	  	Payments of Interest and Principal	  	7
	Section 2.06	  	Form of Delivery of Class A(2008-10) Notes; Depository; Denominations	  	7
	Section 2.07	  	Delivery and Payment for the Class A(2008-10) Notes	  	8
	Section 2.08	  	Supplemental Indenture	  	8

 THIS CLASS A(2008-10) TERMS DOCUMENT (this “Terms Document”), among the CHASE ISSUANCE TRUST, a
statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and as collateral agent (the “Collateral Agent”), is made and entered into as of June 13, 2008. 
 Pursuant to this Terms Document, the Issuing Entity and the Indenture Trustee shall create a new Tranche of CHASEseries Class A Notes and shall
specify the principal terms thereof. 
 ARTICLE I 
 Definitions and Other Provisions of General Application 
 Section 1.01 Definitions For all purposes
of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in this
Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 
 (2) all other terms used
herein which are defined in the Indenture Supplement, the Indenture or the Asset Pool Supplement, either directly or by reference therein, have the meanings assigned to them therein; 
 (3) as used in this Terms Document and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in
this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document or in any such certificate or other document to the extent not defined, shall have the respective meanings given to them
under GAAP. To the extent that the definitions of accounting terms in this Terms Document or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions contained in this Terms Document or
in any such certificate or other document shall control; 
 (4) the words “hereof,” “herein,” “hereunder” and
words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any particular provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to
subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document unless otherwise specified; the term “including” means “including without limitation”; references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement, as amended, supplemented or
otherwise modified from time to time; 
  

 1 

 (5) in the event that any term or provision contained herein shall conflict with or be inconsistent with
any term or provision contained in the Indenture Supplement, the Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and 
 (6) each capitalized term defined herein shall relate only to the Class A(2008-10) Notes and no other Tranche of CHASEseries Notes issued by the Issuing
Entity. 
 “Asset Pool Supplement” means the Second Amended and Restated Asset Pool One Supplement to the Indenture, dated
as of December 19, 2007, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Beneficiary” means Chase Bank USA, National Association, in its capacity as beneficial owner of the Issuing Entity. 
 “Calculation Agent” is defined in Section 2.04(a). 
 “Class A(2008-10) Adverse Event” means
the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class A(2008-10) Notes, (b) an Event of Default and acceleration of the Class A(2008-10) Notes, (c) the Class A Usage of the Class B
Required Subordinated Amount for the Class A(2008-10) Notes becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2008-10) Notes becomes greater than zero. 
 “Class A(2008-10) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated
therein as a Class A(2008-10) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2008-10)
Noteholder” means a Person in whose name a Class A(2008-10) Note is registered in the Note Register. 
 “Class A(2008-10)
Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2008-10) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on
which the Indenture is discharged and satisfied pursuant to Article V thereof. 
 “Class A Required Subordinated Amount of Class B
Notes” is defined in Section 2.02(a). 
 “Class A Required Subordinated Amount of Class C Notes” is defined in
Section 2.02(b). 
 “Controlled Accumulation Amount” means $104,166,666.67; provided, however, if the
Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2008-10) Notes will be

  

 2 

 
the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 
 “Indenture” means the Third Amended and Restated Indenture, dated as of December 19, 2007, between the Issuing Entity and the
Indenture Trustee. 
 “Indenture Supplement” means the Amended and Restated CHASEseries Indenture Supplement, dated as of
October 15, 2004, among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Initial Dollar Principal
Amount” means $1,250,000,000. 
 “Interest Payment Date” means July 15, 2008 and the 15th day of each month
thereafter, or if such 15th day is not a Business Day, the next succeeding Business Day. 
 “Interest Period” means, with
respect to any Interest Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) to but excluding such Interest Payment Date.

 “Issuance Date” means June 13, 2008. 
 “Legal Maturity Date” means August 17, 2015. 
 “LIBOR” means, for any
Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04.

 “LIBOR Determination Date” means (1) June 11, 2008 for the period from and including the Issuance Date through
but excluding July 15, 2008 and (2) for each Interest Period thereafter, the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London
interbank market. 
 “Note Interest Rate” means a rate per annum equal to 0.75% in excess of LIBOR, as determined by the
Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
 “Paying Agent” means
Wells Fargo Bank, National Association. 
 “Predecessor Note” means, with respect to any particular Note, every previous
Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the Indenture in lieu of a mutilated, lost,
destroyed or 

  

 3 

 
stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Record Date” means, for any Note Transfer Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four major banks in the London interbank market selected by the Beneficiary. 
 “Reuters Screen LIBOR01 Page” means the display page so designated on the Reuters Monitor Money Rates (or such other page as may replace
that page on that service, or such other service as may be nominated as the information vendor, for the purposes of displaying rates comparable to LIBOR). 
 “Scheduled Principal Payment Date” means August 15, 2013. 
 “Stated Principal
Amount” means $1,250,000,000. 
 Section 1.02 Governing Law THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.03 Counterparts This Terms Document may be executed in any number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the same instrument. 
 Section 1.04 Ratification of Indenture
and Indenture Supplement As supplemented by this Terms Document, each of the Indenture, the Asset Pool Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool
Supplement and the Indenture Supplement as so supplemented by this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END OF ARTICLE I] 
  

 4 

 ARTICLE II 
 The Class A(2008-10) Notes 
 Section 2.01 Creation and Designation There is hereby created a Tranche
of CHASEseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “CHASEseries Class A(2008-10) Notes.” 
 Section 2.02 Specification of Required Subordinated Amount and Other Terms 
 (a) For the Class
A(2008-10) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 6.49718% of (i) prior to the occurrence of a Class A(2008-10) Adverse Event, the Adjusted Outstanding
Dollar Principal Amount of the Class A(2008-10) Notes on such date of determination or (ii) on and after the date on which a Class A(2008-10) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal
Amount of the Class A(2008-10) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-10) Notes as of the close of business on the day immediately preceding the date on which such Class
A(2008-10) Adverse Event shall have occurred. 
 (b) For the Class A(2008-10) Notes for any date of determination, the Class A Required
Subordinated Amount of Class C Notes will be an amount equal to 6.49718% of (i) prior to the occurrence of a Class A(2008-10) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-10) Notes on such date or
(ii) on and after the date on which a Class A(2008-10) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-10) Notes on such date of determination and (2) Adjusted
Outstanding Dollar Principal Amount of the Class A(2008-10) Notes as of the close of business on the day immediately preceding the date on which such Class A(2008-10) Adverse Event shall have occurred. 
 (c) The Issuing Entity may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any
Noteholder so long as the Issuing Entity has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes that the change in either of such percentages or formulas, as applicable, will not result in a
Ratings Effect with respect to any Outstanding Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuing Entity Tax Opinion. 
  

 5 

 Section 2.03 Interest Payment 
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2008-10) Notes shall be an amount equal to the product of
(i) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times, (B) the Note Interest Rate in effect with respect to the related Interest
Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2008-10) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2008-10) Notes;
provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2008-10) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class
A(2008-10) Notes on the Issuance Date, (y) 32 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2008-10) Notes determined on June 11, 2008. Interest on the Class A(2008-10) Notes will be calculated on
the basis of the actual number of days elapsed and a 360-day year. 
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each
Note Transfer Date with respect to the Class A(2008-10) Notes, the Indenture Trustee shall deposit into the Class A(2008-10) Interest Funding Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class
A(2008-10) Notes. 
 Section 2.04 Calculation Agent; Determination of LIBOR 
 (a) The Issuing Entity hereby agrees that for so long as any Class A(2008-10) Notes are Outstanding, there shall at all times be an agent appointed to
calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuing Entity hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation
Agent may be removed by the Issuing Entity at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuing Entity, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuing
Entity shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuing Entity or its Affiliates. The Calculation Agent may not resign its duties, and the Issuing Entity
may not remove the Calculation Agent, without a successor having been duly appointed. 
 (b) On each LIBOR Determination Date, the
Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Reuters Screen LIBOR01 Page or on such comparable system as is customarily used to quote LIBOR as of 11:00
a.m., London time, on such date. If such rate does not appear on Reuters Screen LIBOR01 Page or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the basis of the rates at
which deposits in 

  

 6 

 
United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market
for a one-month period. The Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall
be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the
Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (612) 667-8058 or
such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time. 
 (d) On each LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee and the Beneficiary, via email or by facsimile
transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05 Payments of Interest and Principal 

(a) Any installment of interest or principal payable on any Class A(2008-10) Note which is punctually paid or duly provided for by the Issuing Entity
and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2008-10) Note (or one or more Predecessor Notes) is registered on the Record Date,
by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the
date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the
Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
 (b) The right of the Class A(2008-10) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day following the
Class A(2008-10) Termination Date. 
 Section 2.06 Form of Delivery of Class A(2008-10) Notes; Depository; Denominations. 

(a) The Class A(2008-10) Notes shall be delivered in the form of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the Indenture,
respectively. 
  

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 (b) The Depository for the Class A(2008-10) Notes shall be The Depository Trust Company, and the Class
A(2008-10) Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2008-10) Notes will be
issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. 
 Section 2.07 Delivery and Payment
for the Class A(2008-10) Notes 
 The Issuing Entity shall execute and deliver the Class A(2008-10) Notes to the Indenture Trustee for
authentication, and the Indenture Trustee shall deliver the Class A(2008-10) Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 
 Section 2.08 Supplemental Indenture 
 The Issuing Entity may enter into a supplemental indenture with
respect to the Class A(2008-10) Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the Class A(2008-10) Notes
shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change in credit enhancement will not
result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 
 [END OF ARTICLE II] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	 CHASE BANK USA, NATIONAL ASSOCIATION,
 as Beneficiary and
not in its individual capacity

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and Collateral Agent
		
	By:	 	 /s/ Cheryl C. Zimmerman

	Name:	 	Cheryl C. Zimmerman
	Title:	 	Assistant Vice President

 Chase Issuance Trust 
 CHASEseries Class A(2008-10) Terms Document 
 Signature Page 
  

 9

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