Document:

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                                                                    EXHIBIT 10.2

                             STOCK OPTION AGREEMENT

THIS STOCK OPTION AGREEMENT (this "Agreement") is entered into effective as of
the effective date (the "Grant Date") set forth in the Notice of Grant of Stock
Options and Option Agreement attached hereto (the "Notice of Grant"), by
RealNetworks, Inc., a Washington corporation (the "Company"), and you (the
"Holder").

                                    RECITALS

A.  The Company has adopted the RealNetworks, Inc. 2000 Stock Option Plan, as
    amended and restated (the "Plan"), a copy of which has been provided to the
    Holder (capitalized terms that are used but not defined in this Agreement
    will have the meanings given those terms in the Plan).

B.  The Holder is an employee of the Company or one of its Affiliates (as
    defined in the Plan), and has been designated by the Administrative
    Committee to receive a stock option under the Plan.

NOW, THEREFORE, the Company and the Holder covenant and agree as follows:

1.  GRANT OF THE OPTION. Subject to the terms of this Agreement and the Plan,
    the Company hereby grants to the Holder a stock option (the "Option") to
    acquire from the Company the number of shares of the Common Stock, par value
    $.001, of the Company (the "Common Stock") set forth in the Notice of Grant,
    at the price set forth in the Notice of Grant (the "Option Price"). The
    Option is not intended to qualify as an "incentive stock option", as that
    term is defined in Section 422 of the Internal Revenue Code of 1986, as
    amended.

2.  TERM OF THE OPTION. Unless earlier terminated in accordance with the
    provisions of the Plan, the Option will terminate on the earliest to occur
    of (a) the expiration of Twenty (20) years from the Grant Date; (b) the
    expiration of ninety (90) days following termination of the Holder's
    employment with the Company for any reason other than death, Disability or
    Cause (as defined in Section 7.2(b) of the Plan); (c) the expiration of One
    (1) year following termination of the Holder's employment with the Company
    on account of death or Disability; and (d) the date of termination of the
    Holder's employment with the Company for Cause (as defined in Section 7.2(b)
    of the Plan); provided, however, that, in the case of termination of the
    Holder's employment with the Company for any reason other than death,
    Disability or Cause (as defined in Section 7.2(b) of the Plan), if the
    Holder dies after such termination but prior to termination of the Option as
    set forth in this Section 2 above, the Option will not terminate as set
    forth in this Section 2 above, but rather shall terminate on the earlier to
    occur of the expiration of Twenty (20) years from the Grant Date or the
    expiration of One (1) year following the Holder's death.

3.  VESTING. The vesting schedule applicable to the Option shall be as set forth
    in the Notice of Grant, subject to sub-paragraphs (a) and (b) below. On any
    scheduled vesting date, vesting actually will occur only if you remain an
    employee of the Company or any of its Affiliates (as defined in the Plan)
    through the vesting date.

        (a)    Notwithstanding anything in this Agreement to the contrary, if
               the Company terminates Holder's employment for any reason other
               than for Cause (as defined in Section 7.2(b) of the Plan) and
               Holder executes and delivers a Settlement Agreement and Release
               ("Release") satisfactory to the Company on or before the
               Effective Date (as defined in the Release), the vesting schedule
               set forth below shall apply instead of the vesting schedule
               described in the Notice of Grant.

               VESTING UPON EXECUTION OF RELEASE. 1/60 of the shares subject to
               the Option shall vest upon the completion of one month of
               employment following the date on which the

                                      -1-
<PAGE>

               vesting of the Option commences, and an additional 1/60 of the
               shares subject to the Option shall vest upon the completion of
               each successive month of employment thereafter, up to the
               Holder's date of termination (as defined in the Release).

        (b)    If the Holder's employment with the Company terminates for any
               reason other than the Holder's death, the Option will not vest
               further following such termination. If the Holder's employment
               with the Company terminates due to the Holder's death, the Option
               will fully vest on the date of termination of employment. In
               either case, to the extent the Option is vested, it shall be
               exercisable only prior to its termination as provided in Section
               2.

4.  OTHER LIMITATIONS OF THE OPTION. The Option is subject to all of the
    provisions of the Plan, including but not limited to Section 4.2 (which
    permits adjustments to the Option upon the occurrence of certain corporate
    events such as stock dividends, extraordinary cash dividends,
    reclassifications, recapitalizations, reorganizations, split-ups, spin-offs,
    combinations, exchanges of shares, and warrants or rights offerings) and
    Section 7.1 (which applies in the event of an Approved Transaction or
    Control Purchase).

5.  EXERCISE OF THE OPTION. To exercise the Option, the Holder must do the
    following:

        (a) deliver to the Company a written notice, in the form attached to
            this Agreement as Exhibit A, specifying the number of shares of
            Common Stock for which the Option is being exercised;

        (b) tender payment of the aggregate Option Price for the shares for
            which the Option is being exercised, which payment may be made (i)
            in cash or by check; or (ii) by such other means as the
            Administrative Committee, in its sole discretion, shall permit at
            the time of exercise;

        (c) pay, or make arrangements satisfactory to the Administrative
            Committee for payment to the Company of all federal, state and local
            taxes, if any, required to be withheld by the Company in connections
            with the exercise of the Option; and

        (d) execute and deliver to the Company the documents required by the
            Plan and any other documents required from time to time by the
            Administrative Committee in order to promote compliance with
            applicable laws, rules and regulations.

6.  DELIVERY OF SHARE CERTIFICATE. As soon as practicable after the Option has
    been duly exercised, the Company will deliver to the Holder a certificate
    for the shares of Common Stock for which the Option was exercised. Unless
    the Option has expired or been exercised in full, the Company and the Holder
    agree to execute a new Stock Option Agreement, covering the remaining shares
    of Common Stock that may be acquired upon exercise of the Option, which will
    be identical to this Agreement except as to the number of shares of Common
    Stock subject thereto. In lieu of replacing this Agreement in such manner,
    the Company may affix to this Agreement an appropriate notation indicating
    the number of shares for which the Option was exercised and return this
    Agreement to the Holder.

7.  NONTRANSFERABILITY. The Option is not transferable other than by will or the
    laws of descent and distribution, and the Option may be exercised during the
    lifetime of the Holder only by the Holder or the Holder's court appointed
    legal representative.

8.  WARRANTIES AND REPRESENTATIONS OF THE HOLDER. By executing this Agreement,
    the Holder accepts the Option, acknowledges receipt of a copy of the Plan
    and the Prospectus, and agrees to comply with all of the provisions of this
    Agreement.

9.  RIGHTS OF THE SHAREHOLDER. The Holder will have no rights as a shareholder
    of the Company on account of the Option or on account of shares of Common
    Stock which will be acquired upon exercise of the Option (but with respect
    to which no certificates have been issued).

                                       -2-
<PAGE>

10. TAX WITHHOLDING. The Holder agrees to pay, or to make arrangements
    satisfactory to the Administrative Committee for payment to the Company of,
    all federal, state and local income and employment taxes, if any, required
    to be withheld by the Company in connection with the exercise of the Option
    or any sale, transfer or other disposition of any shares of Common Stock
    acquired upon exercise of the Option. If the Holder fails to do so, then the
    Holder hereby authorizes the Company to deduct all or any portion of such
    taxes from any payment of any kind otherwise due to the Holder.

11. POLICY ON AVOIDANCE OF INSIDER TRADING. The Holder acknowledges that he/she
    has received and read the RealNetworks Policy on Avoidance of Insider
    Trading, and, if applicable, the Addendum to the Policy on Avoidance of
    Insider Trading, and the Holder agrees to comply with the Policy's terms,
    together with the terms of the Addendum, if applicable.

12. FURTHER ASSURANCES. The Holder agrees from time to time to execute such
    additional documents as the Company may reasonably require to effectuate the
    purposes of the Plan and this Agreement.

13. BINDING EFFECT. This Agreement shall be binding upon the Holder and the
    Holder's heirs, successors and assigns.

14. ENTIRE AGREEMENT; MODIFICATIONS. This Agreement and the exhibits hereto,
    together with the Plan and agreements referenced in this Agreement and/or
    the Plan, constitutes the entire agreement and understanding between the
    Company and the Holder regarding the subject matter hereof. Except as
    otherwise provided in the Plan, no modification of the Option or this
    Agreement, or waiver of any provision of this Agreement or the Plan, shall
    be valid unless in writing and duly executed by the Company and the Holder.
    The failure of any party to enforce any of that party's rights against the
    other party for breach of any of the terms of this Agreement shall not be
    construed as a waiver of such rights as to any continued or subsequent
    breach.

15. COST OF LITIGATION. In any action at law or in equity to enforce any of the
    provisions or rights under this Agreement, the unsuccessful party to such
    litigation, as determined by the court in a final judgement or decree, shall
    pay the successful party or parties all costs, expenses and reasonable
    attorneys' fees incurred by the successful party or parties (including
    without limitation costs, expenses and fees in any appellate proceedings),
    and if the successful party recovers judgment in any such action or
    proceeding, such costs, expenses and attorney's fees shall be included as
    part of the judgment.

16. GOVERNING LAW. This Agreement shall be governed by the laws of the State of
    Washington.

17. SEVERABILITY. If any provision of this Agreement shall be judicially
    determined to be invalid, illegal or unenforceable, the validity, legality
    and enforceability of the remaining provisions shall not in any way be
    affected or impaired thereby.

                                      -3-
<PAGE>

                                                                       EXHIBIT A

                           FORM OF EXERCISE OF OPTION

To: RealNetworks, Inc.
    2601 Elliott Avenue, #1000
    Seattle, WA 98121

The undersigned holds Option Number NQ-___ (the "Option"), represented by a
Stock Option Agreement dated effective as of ____________ (the "Agreement"),
granted to the undersigned pursuant to the RealNetworks, Inc. 2000 Stock Option
Plan, as Amended and Restated (the "Plan"). The undersigned hereby exercises the
Option and elects to purchase ______________ shares (the "Shares") of Common
Stock of RealNetworks, Inc. (the "Company") pursuant to the Option. This notice
is accompanied by full payment of the Option Price of $______ per share for the
Shares in cash or by check or in another manner permitted by Section 5(c) of the
Agreement. The undersigned has also paid, or made arrangements satisfactory to
the Administrative Committee administering the Plan for payment of, all federal,
state and local taxes, if any, required to be withheld by the Company in
connection with the exercise of the Option.

Date:
      -------------------

                                            SIGNATURE OF HOLDER

                                            ----------------------------------<PAGE>
                                                                    EXHIBIT 10.3

                               REALNETWORKS, INC.

                             STOCK OPTION AGREEMENT

                                [INITIAL GRANT A]

        RealNetworks, Inc. (the "Company"), has granted to _________ (the
"Optionee"), an option to purchase a total of ____ shares of the Company's
Common Stock, par value $.001 per share (the "Optioned Stock"), at the price
determined as provided herein, and in all respects subject to the terms,
definitions and provisions of the Company's 2002 Director Stock Option Plan (the
"Plan") adopted by the Company which is incorporated herein by reference. The
terms defined in the Plan shall have the same defined meanings herein.

        1. Nature of the Option. This Option is a nonstatutory option and is not
intended to qualify as an "incentive stock option," as that term is defined in
Section 422 of the Internal Revenue Code of 1986, as amended.

        2. Exercise Price. The exercise price is $____ for each share of Common
Stock.

        3. Exercise of Option. This Option shall be exercisable during its term
in accordance with the provisions of Section 8 of the Plan as follows:

               (i) Right to Exercise.

                      (a) This Option shall become exercisable in installments
cumulatively with respect to one-third (1/3) of the Optioned Stock one year
after the date of grant, and as to an additional one-third (1/3) of the Optioned
Stock on each anniversary of the date of grant, so that one hundred percent
(100%) of the Optioned Stock shall be exercisable three (3) years after the date
of grant, provided that the Optionee remains a Director on such dates.

                      (b) This Option may not be exercised for a fraction of a
share.

                      (c) In the event of Optionee's death, disability or other
termination of service as a Director, the exercisability of the Option is
governed by Section 8 of the Plan.

               (ii) Method of Exercise. This Option shall be exercisable by
written notice which shall state the election to exercise the Option and the
number of Shares in respect of which the Option is being exercised. Such written
notice, in the form attached hereto as Exhibit A (or such other notice as the
Company may specify), shall be signed by the Optionee and shall be delivered in
person or by mail to the Company. The written notice shall be accompanied by
payment of the exercise price.

        4. Method of Payment. Payment of the exercise price shall be by any of
the following, or a combination thereof, at the election of the Optionee:

               (i) cash;

               (ii) check; or

<PAGE>

               (iii) delivery of a properly executed exercise notice, together
with such other documentation as the Company and the broker, if applicable,
shall require to effect an exercise of the Option and delivery to the Company of
the sale or loan proceeds required to pay the exercise price.

        5. Restrictions on Exercise. This Option may not be exercised if the
issuance of such Shares upon such exercise or the method of payment of
consideration for such shares would constitute a violation of any applicable
federal or state securities or other law or regulations, or if such issuance
would not comply with the requirements of any stock exchange upon which the
Shares may then be listed. As a condition to the exercise of this Option, the
Company may require Optionee to make any representation and warranty to the
Company as may be required by any applicable law or regulation.

        6. Non-Transferability of Option. This Option may not be transferred in
any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of the Optionee only by the Optionee. The
terms of this Option shall be binding upon the executors, administrators, heirs,
successors and assigns of the Optionee.

        7. Term of Option. This Option may not be exercised more than ten (10)
years from the date of grant of this Option, and may be exercised during such
period only in accordance with the Plan and the terms of this Option.

DATE OF GRANT:
               ------------------

RealNetworks, Inc.
(a Washington corporation)

By:
    -----------------------------
Its:
    -----------------------------

        Optionee acknowledges receipt of a copy of the Plan, a copy of which is
attached hereto, and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts this Option subject to all of the terms
and provisions thereof. Optionee hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Board upon any questions
arising under the Plan.

Dated:
      ---------------------------

---------------------------------
Optionee

<PAGE>

                                    EXHIBIT A

                      DIRECTOR STOCK OPTION EXERCISE NOTICE

RealNetworks, Inc.
2601 Elliott Avenue, Suite 1000
Seattle, WA  98121

Attention:  Corporate Secretary

        1. Exercise of Option. The undersigned ("Optionee") hereby elects to
exercise Optionee's option to purchase ____ shares of the Common Stock, par
value $.001 per share (the "Shares"), of RealNetworks, Inc. (the "Company")
under and pursuant to the Company's 2002 Director Stock Option Plan and the
Director Option Agreement dated ________ (the "Agreement).

        2. Representations of Optionee. Optionee acknowledges that Optionee has
received, read and understood the Agreement.

        3. Federal Restrictions on Transfer. Optionee understands that the
Shares must be held indefinitely unless they are registered under the Securities
Act of 1933, as amended (the "1933 Act"), or unless an exemption from such
registration is available, and that the certificate(s) representing the Shares
may bear a legend to that effect. Optionee understands that the Company is under
no obligation to register the Shares and that an exemption may not be available
or may not permit Optionee to transfer Shares in the amounts or at the times
proposed by Optionee.

        4. Tax Consequences. Optionee understands that Optionee may suffer
adverse tax consequences as a result of Optionee's purchase or disposition of
the Shares. Optionee represents that Optionee has consulted with any tax
consultant(s) Optionee deems advisable in connection with the purchase or
disposition of the Shares and that Optionee is not relying on the Company for
any tax advice.

        5. Delivery of Payment. Optionee herewith delivers to the Company the
aggregate purchase price for the Shares that Optionee has elected to purchase
and has made provision for the payment of any federal or state withholding taxes
required to be paid or withheld by the Company.

        6. Entire Agreement. The Agreement is incorporated herein by reference.
This Exercise Notice and the Agreement constitute the entire agreement of the
parties and supersede in their entirety all prior undertakings and agreements of
the Company and Optionee with respect to the subject matter hereof. This
Exercise Notice and the Agreement are governed by Washington law except for that
body of law pertaining to conflict of laws.

Submitted by:                                Accepted by:

OPTIONEE:                                    REALNETWORKS, INC.

By:                                          By:
   --------------------------------             --------------------------------
                                             Its:
                                                 -------------------------------

Dated:                                       Dated:
      ----------------------------                 ----------------------------

<PAGE>

                               REALNETWORKS, INC.

                             STOCK OPTION AGREEMENT

                     [INITIAL GRANT B AND SUBSEQUENT OPTION]

        RealNetworks, Inc. (the "Company"), has granted to _________ (the
"Optionee"), an option to purchase a total of ____ shares of the Company's
Common Stock, par value $.001 per share (the "Optioned Stock"), at the price
determined as provided herein, and in all respects subject to the terms,
definitions and provisions of the Company's 2002 Director Stock Option Plan (the
"Plan") adopted by the Company which is incorporated herein by reference. The
terms defined in the Plan shall have the same defined meanings herein.

        1. Nature of the Option. This Option is a nonstatutory option and is not
intended to qualify as an "incentive stock option," as that term is defined in
Section 422 of the Internal Revenue Code of 1986, as amended.

        2. Exercise Price. The exercise price is $____ for each share of Common
Stock.

        3. Exercise of Option. This Option shall be exercisable during its term
in accordance with the provisions of Section 8 of the Plan as follows:

               (i) Right to Exercise.

                      (a) This Option shall become exercisable as to 100% of the
Optioned Stock one year after the date of grant; provided that the Optionee
remains a Director on such date.

                      (b) This Option may not be exercised for a fraction of a
share.

                      (c) In the event of Optionee's death, disability or other
termination of service as a Director, the exercisability of the Option is
governed by Section 8 of the Plan.

               (ii) Method of Exercise. This Option shall be exercisable by
written notice which shall state the election to exercise the Option and the
number of Shares in respect of which the Option is being exercised. Such written
notice, in the form attached hereto as Exhibit A (or such other notice as the
Company may specify), shall be signed by the Optionee and shall be delivered in
person or by mail to the Company. The written notice shall be accompanied by
payment of the exercise price.

        4. Method of Payment. Payment of the exercise price shall be by any of
the following, or a combination thereof, at the election of the Optionee:

               (ii) cash;

               (iii) check; or

               (iv) delivery of a properly executed exercise notice, together
with such other documentation as the Company and the broker, if applicable,
shall require to effect an exercise of

<PAGE>

the Option and delivery to the Company of the sale or loan proceeds required to
pay the exercise price.

        5. Restrictions on Exercise. This Option may not be exercised if the
issuance of such Shares upon such exercise or the method of payment of
consideration for such shares would constitute a violation of any applicable
federal or state securities or other law or regulations, or if such issuance
would not comply with the requirements of any stock exchange upon which the
Shares may then be listed. As a condition to the exercise of this Option, the
Company may require Optionee to make any representation and warranty to the
Company as may be required by any applicable law or regulation.

        6. Non-Transferability of Option. This Option may not be transferred in
any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of the Optionee only by the Optionee. The
terms of this Option shall be binding upon the executors, administrators, heirs,
successors and assigns of the Optionee.

        7. Term of Option. This Option may not be exercised more than ten (10)
years from the date of grant of this Option, and may be exercised during such
period only in accordance with the Plan and the terms of this Option.

DATE OF GRANT:
               ------------------

RealNetworks, Inc.
(a Washington corporation)

By:
   ------------------------------
Its:
    -----------------------------

        Optionee acknowledges receipt of a copy of the Plan, a copy of which is
attached hereto, and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts this Option subject to all of the terms
and provisions thereof. Optionee hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Board upon any questions
arising under the Plan.

Dated:
      ---------------------------

---------------------------------
Optionee

<PAGE>

                                    EXHIBIT A

                      DIRECTOR STOCK OPTION EXERCISE NOTICE

RealNetworks, Inc.
2601 Elliott Avenue, Suite 1000
Seattle, WA  98121

Attention:  Corporate Secretary

        1. Exercise of Option. The undersigned ("Optionee") hereby elects to
exercise Optionee's option to purchase ____ shares of the Common Stock, par
value $.001 per share (the "Shares"), of RealNetworks, Inc. (the "Company")
under and pursuant to the Company's 2002 Director Stock Option Plan and the
Director Option Agreement dated ________ (the "Agreement).

        2. Representations of Optionee. Optionee acknowledges that Optionee has
received, read and understood the Agreement.

        3. Federal Restrictions on Transfer. Optionee understands that the
Shares must be held indefinitely unless they are registered under the Securities
Act of 1933, as amended (the "1933 Act"), or unless an exemption from such
registration is available, and that the certificate(s) representing the Shares
may bear a legend to that effect. Optionee understands that the Company is under
no obligation to register the Shares and that an exemption may not be available
or may not permit Optionee to transfer Shares in the amounts or at the times
proposed by Optionee.

        4. Tax Consequences. Optionee understands that Optionee may suffer
adverse tax consequences as a result of Optionee's purchase or disposition of
the Shares. Optionee represents that Optionee has consulted with any tax
consultant(s) Optionee deems advisable in connection with the purchase or
disposition of the Shares and that Optionee is not relying on the Company for
any tax advice.

        5. Delivery of Payment. Optionee herewith delivers to the Company the
aggregate purchase price for the Shares that Optionee has elected to purchase
and has made provision for the payment of any federal or state withholding taxes
required to be paid or withheld by the Company.

        6. Entire Agreement. The Agreement is incorporated herein by reference.
This Exercise Notice and the Agreement constitute the entire agreement of the
parties and supersede in their entirety all prior undertakings and agreements of
the Company and Optionee with respect to the subject matter hereof. This
Exercise Notice and the Agreement are governed by Washington law except for that
body of law pertaining to conflict of laws.

Submitted by:                                Accepted by:

OPTIONEE:                                    REALNETWORKS, INC.

By:                                          By:
   --------------------------------             --------------------------------
                                             Its:
                                                 -------------------------------

Dated:                                       Dated:
      -----------------------------                -----------------------------

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