Document:

Restricted Stock Unit Award Agreement

 Exhibit 10.3 
 *Portions of this exhibit are considered confidential by the registrant and have been omitted from filing and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. 
 RENTRAK CORPORATION 
 RESTRICTED
STOCK UNIT AWARD AGREEMENT 
 THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (“RSU Award Agreement”), effective as of June 15,
2009 (the “Grant Date”), is made by and between RENTRAK CORPORATION, an Oregon corporation (“Corporation”), and WILLIAM P. LIVEK (“Employee”). 
 RECITALS 
 A. This RSU Award Agreement is being executed in connection with the
employment of Employee as Chief Executive Officer of Corporation, as contemplated by the Employment Agreement between Employee and Corporation dated June 15, 2009 (“Employment Agreement”). 
 B. The Compensation Committee of Corporation’s Board of Directors (the “Committee”) has determined that it would be to the advantage and
best interest of Corporation and its shareholders to grant the award of Restricted Stock Units (as defined below) provided for in this Agreement (“RSU Award”) to Employee as an inducement to accept employment as Chief Executive Officer of
Corporation and as an incentive to provide high quality services during such employment. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants in this Agreement and other good and valuable consideration, receipt of which is acknowledged,
the parties agree as follows: 
 1. DEFINITIONS 
 1.1 “Change in Control Transaction” means the first occurrence of any of the following: 
 (a) Any person (including any
individual, corporation, limited liability company, partnership, trust, group, association, or other “person,” as such term is used in Section 13(d)(3) or 14(d) of the Exchange Act, other than a trustee or other fiduciary holding
securities under an employee benefit plan of Corporation, is or becomes a beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of Corporation representing more than 50
percent of the combined voting power of Corporation’s then outstanding securities; 
 (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 (i) a merger or consolidation of Corporation with any other corporation, other than a merger or consolidation which would result in the Voting Securities (defined as all issued and outstanding securities
ordinarily having the right to vote at elections of Corporation’s directors) of Corporation outstanding immediately prior to such transaction continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity) 50 percent or more of the combined voting power of the Voting Securities of Corporation or of such surviving entity outstanding immediately after such merger or consolidation, (ii) a plan of complete liquidation of
Corporation, or (iii) an agreement for the sale or disposition by Corporation of all or substantially all of its assets. 
 1.2
“Common Stock” means Corporation’s $.001 par value Common Stock. 
 1.3 “Modified EBITDA” means Corporation’s
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reduced, for a given fiscal year, by (a) Corporation’s capital expenditures and (b) payments 

  

 -1- 

 
to third parties to acquire data to the extent that such payments total in excess of $*, as determined by Corporation no later than June 15 of that
fiscal year. 
 1.4 “Restricted Stock Unit” represents a hypothetical share of Common Stock. As a holder of Restricted Stock Units,
Employee will have only the rights of a general unsecured creditor of Corporation until delivery of shares of Common Stock is made as specified in this RSU Award Agreement. 
 2. TERMS OF RSU AWARD 
 2.1 Restricted Stock Units. Effective as of the Grant Date, Corporation has
granted to Employee a RSU Award covering 213,750 Restricted Stock Units, subject to the terms, definitions, and provisions of this RSU Award Agreement. 
 2.2 Restriction Periods. 
 2.2.1 Restriction Period 1. Restriction Period 1 commences
on the Grant Date and ends on March 31, 2010. 
 2.2.2 Restriction Period 2. Restriction Period 2 commences on
April 1, 2010, and ends on March 31, 2011. 
 2.2.3 Restriction Period 3. Restriction Period 3 commences on
April 1, 2011, and ends on March 31, 2012. 
 2.2.4 Restriction Period 4. Restriction Period 4 commences on the
Grant Date and ends on March 31, 2013. 
 2.3 Restrictions During Restriction Period. During the applicable Restriction Period
(except as provided in Sections 2.4 and 2.5), Employee may not sell, assign, transfer, pledge, encumber, or otherwise dispose of this RSU Award or the shares of Common Stock to be received upon settlement of the Restricted Stock Units
governed by this RSU Award and Employee will not become vested in the Restricted Stock Units unless Employee continues to serve as an employee of Corporation until the applicable Settlement Date as provided in Section 3 below; provided that,
for purposes of Section 2.4.3, the requirement that Employee remain employed by Corporation shall cease to apply if Employee’s employment is terminated while a Change in Control Transaction is pending. 
 2.4 Vesting of Restricted Stock Units. The RSU Award and the Restricted Stock Units are initially not vested and may become vested and
non-forfeitable upon the satisfaction of performance goals specified in Sections 2.4.1, 2.4.2, and 2.4.3 below; provided that the maximum total number of Restricted Stock Units that may vest with respect to (x) performance goals labeled as
“A” in Sections 2.4.1, 2.4.2 and 2.4.3 below is 90,000; (y) performance goals labeled as “B” in Sections 2.4.1, 2.4.2 and 2.4.3 below is 33,750; and (z) performance goals labeled as “C” in Sections 2.4.1,
2.4.2 and 2.4.3 below is 90,000; and further provided that in no event will more than a total of 213,750 Restricted Stock Units become vested and nonforfeitable pursuant to this RSU Award Agreement. 
 2.4.1 Modified EBITDA Goals. Subject to Sections 2.4.2 and 2.4.3 and the accelerated vesting provisions of Section 2.5, the RSU
Award and the Restricted Stock Units may become vested and nonforfeitable upon the satisfaction of goals relating to Modified EBITDA as of the expiration of the applicable Restriction Period, as follows: 
 (a) A portion of the Restricted Stock Units equal to a maximum of 63,000 of the total Restricted Stock Units subject to this RSU Award are subject to
Restriction Period 1 and will become vested and nonforfeitable according to the following schedule: 
  

					
		 	0	  	if Modified EBITDA for fiscal year ending March 31, 2010, is less than $*

  
  

	*	Confidential portions omitted pursuant to a request for confidential treatment. 

  

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	“A”:	 	30,000	  	if Modified EBITDA for fiscal year ending March 31, 2010, is between $*and $*
			
	“B”:	 	39,000	  	if Modified EBITDA for fiscal year ending March 31, 2010, is between $* and $*
			
	“C”:	 	63,000	  	if Modified EBITDA for fiscal year ending March 31, 2010, is equal to or greater than $*

 (b) A portion of the Restricted Stock Units equal to a maximum of 71,250 of the total Restricted
Stock Units subject to this RSU Award are subject to Restriction Period 2 and will become vested and nonforfeitable according to the following schedule: 
  

					
		 	0	  	if Modified EBITDA for fiscal year ending March 31, 2011, is less than $*
			
	“A”:	 	30,000	  	if Modified EBITDA for fiscal year ending March 31, 2011, is between $† and $*
			
	“B”:	 	41,250	  	If Modified EBITDA for fiscal year ending March 31, 2011, is between $* and $*
			
	“C”:	 	71,250	  	if Modified EBITDA for fiscal year ending March 31, 2011, is equal to or greater than $*

 (c) A portion of the Restricted Stock Units equal to a maximum of 79,500 of the total Restricted
Stock Units subject to this RSU Award are subject to Restriction Period 3 and will become vested and nonforfeitable according to the following schedule: 
  

					
		 	0	  	if Modified EBITDA for fiscal year ending March 31, 2012, is less than $*
			
	“A”:	 	30,000	  	if Modified EBITDA for fiscal year ending March 31, 2012, is between $* and $*
			
	“B”:	 	43,500	  	if Modified EBITDA for fiscal year ending March 31, 2012, is between $* and $*
			
	“C”:	 	79,500	  	if Modified EBITDA for fiscal year ending March 31, 2012, is equal to or greater than $*

 2.4.2 Share Price Goals. Subject to the accelerated vesting provisions of Section 2.5,
the RSU Award and the Restricted Stock Units may become vested and nonforfeitable from time to time during Restriction Period 4 as follows: 
 (a) “A”: The first time, if any, that the Common Stock trades at or above $20.00 per share for 65 consecutive trading days, 90,000 Restricted Stock Units will become vested and nonforfeitable. 
 (b) “B”: For each $1.00 above $20.00 per share up to and including $30.00 per share that the Common Stock trades for a period of
65 consecutive trading days (in each case only once during Restriction Period 4), an additional 3,375 Restricted Stock Units will vest and become nonforfeitable. As an example, if during Restriction Period 1, the Common Stock trades
above $25.00 per share for a period of 65 consecutive trading days, a total of 16,875 Restricted Stock Units will vest and become nonforfeitable, subject to the overall maximum limit set forth above. 
  

	*	Confidential portions omitted pursuant to a request for confidential treatment. 

	†	 Confidential portions omitted pursuant to a request for confidential treatment. 

  

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 (c) “C”: For each $1.00 above $30.00 per share up to and including $40.00 per share that the
Common Stock trades for a period of 65 consecutive trading days (in each case only once during Restriction Period 4), an additional 9,000 Restricted Stock Units will vest and become nonforfeitable. 
 (d) Corporation will review the cumulative trading history of the Common Stock on the last trading day of each calendar week during Restriction
Period 4 to determine to what extent, if any, the Restricted Stock Units have become vested under this Section 2.4.2. 
 2.4.3
Vesting in Connection With Change in Control Transaction. Restricted Stock Units under this RSU Award will become vested and nonforfeitable upon the occurrence of a Change in Control Transaction during Restriction Period 4 based on the
per share price of the Common Stock as valued for purposes of the Change in Control Transaction, as follows: 
 (a) “A”: If the per
share price of the Common Stock as valued for purposes of the Change in Control Transaction is $20.00 or above, 90,000 Restricted Stock Units will become vested and nonforfeitable unless vesting of such number of Restricted Stock Units has already
occurred pursuant to Section 2.4.2(a) above. 
 (b) “B”: For each $1.00 above $20.00 per share up to and including $30.00 per
share that the Common Stock is valued for purposes of the Change in Control Transaction, an additional 3,375 Restricted Stock Units will vest and become nonforfeitable unless vesting has already occurred pursuant to Section 2.4.2(b) above.
“C”: For each $1.00 above $30.00 per share up to and including $40.00 per share that the Common Stock is valued for purposes of the Change in Control Transaction, an additional 9,000 Restricted Stock Units will vest and become
nonforfeitable unless vesting has already occurred under Section 2.4.2(c) above. As an example, if the Change in Control Transaction is valued at $33.00 per share of Common Stock, Restricted Stock Units previously vested at the $25.00 price
level pursuant to Section 2.4.2(b) and no Restricted Stock Units have vested under Section 2.4.1 above, an additional 43,875 Restricted Stock Units will vest and become nonforfeitable under this Section 2.4.3(b), subject to the
overall maximum limit of 213,750 Restricted Stock Units. 
 (c) In the event the per share price of the Common Stock as valued for the Change
in Control Transaction is less than $20 per share, or a Change in Control Transaction occurs which does not require or provide for a valuation of the Common Stock, all Restricted Stock Units which have not previously vested pursuant to
Sections 2.4.1 and 2.4.2 will be forfeited. 
 2.5 Acceleration of Vesting in Connection with Termination. Notwithstanding
Section 2.4, if Employee is terminated by Corporation without Cause or Employee terminates his employment for Good Reason (as defined in the Employment Agreement), Restricted Stock Units will become vested and nonforfeitable as follows: 60,000
Restricted Stock Units if such termination occurs during Restriction Period 1, 90,000 Restricted Stock Units if such termination occurs during Restriction Period 2, and 120,000 Restricted Stock Units if such termination occurs during
Restriction Period 3, in each case less such number of Restricted Stock Units, if any, that had previously vested. All remaining Restricted Stock Units which have not previously vested under Section 2.4 will be forfeited. 
 2.6 Forfeiture of Restricted Stock Units. On the earlier of the date that Employee ceases to be an employee of Corporation for any reason other
than as expressly provided in Sections 2.4.3 and 2.5 and the expiration of Restriction Period 4, all Restricted Stock Units which have not previously vested under Section 2.4 prior to termination will be forfeited. 
 3. SETTLEMENT OF RESTRICTED STOCK UNITS 
 3.1 Settlement
Date. For Restricted Stock Units that vest pursuant to Section 2.4.1, the applicable Settlement Date is the June 15 immediately following the end of the applicable Restriction Period. 
 3.2 Accelerated Settlement Date. In the event the vesting of Restricted Stock Units is accelerated pursuant to
Section 2.4.2, the Settlement Date will be the 3rd business day after the end
of the applicable calendar week in which vesting occurs. In the event the vesting of Restricted Stock Units is accelerated pursuant to Section 2.4.3, the Settlement Date will be the date that the Change in Control Transaction occurs. In the
event the vesting of Restricted Stock Units is accelerated pursuant to Section 2.5, the Settlement Date will be the date that Employee’s employment is terminated. 
  

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 3.3 Form of Settlement. If all or a portion of the Restricted Stock Units subject to this RSU
Award becomes vested, then on the applicable Settlement Date, Corporation will deliver to Employee an unrestricted certificate for a number of shares of Common Stock equal to the number of Restricted Stock Units that became vested as provided in
Section 2.4 or 2.5, as applicable. 
 3.4 Withholding Taxes. 
 3.4.1 General. Employee will be responsible for payment of all federal, state, and local withholding taxes and Employee’s portion of any
applicable payroll taxes imposed in connection with the settlement of the RSU Award and the issuance of shares with respect to vested Restricted Stock Units (collectively, the “Applicable Taxes”). Corporation’s obligation to issue
shares of Common Stock in settlement of the RSU Award is expressly conditioned on Employee’s making arrangements satisfactory to Corporation, in its sole and absolute discretion, for the payment of all Applicable Taxes. 
 3.4.2 Method of Payment. Employee may pay to Corporation (in cash or by check) an amount equal to the Applicable Taxes. In the event that Employee
does not submit payment of the entire amount of Applicable Taxes, Employee expressly authorizes Corporation to withhold a number of unrestricted shares (thus reducing the number of unrestricted shares to be issued to Employee) having a fair market
value (as of the date the RSU Award is settled) equal to the remaining balance of the Applicable Taxes. 
 4. OTHER PROVISIONS 
 4.1 RSU Award Not Transferable. Neither the RSU Award nor the Restricted Stock Units nor any interest or right in the RSU Award or the Restricted
Stock Units may be sold, pledged, assigned, or transferred in any manner other than by will or the laws of descent and distribution, unless and until the Restricted Stock Units have been settled as provided in this RSU Award Agreement. Neither the
RSU Award nor any interest or right in the Restricted Stock Units will be liable for the debts, obligations, contracts or engagements of Employee or his successors in interest or will be subject to disposition by transfer, alienation, anticipation,
pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any
attempted disposition will be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence. 
 4.2 Rights as Shareholder. Prior to the issuance of a certificate for shares of Common Stock in settlement of Restricted Stock Units, Employee will have no rights as a shareholder of Corporation with respect to this RSU Award or the
Restricted Stock Units. 
 4.3 Construction. All rights and obligations under this RSU Award Agreement will be governed by and
construed in accordance with the laws of the state of Oregon, without regard to principles of conflict of laws. 
 4.4 Changes in Capital
Structure. 
 (a) Neither (i) the issuance of additional shares of stock of Corporation in exchange for adequate consideration
(including services), nor (ii) the conversion of outstanding preferred shares of Corporation into Common Stock, will be deemed to require an adjustment in the shares covered by the RSU Award. 
 (b) In the event of a stock dividend, stock split, or reverse stock split (whether effected as a dividend or otherwise) the number of shares covered by
the RSU Award will be adjusted proportionally. In the event of any other change in capitalization affecting the Common Stock of Corporation, such as a recapitalization, merger, consolidation, split up, combination or exchange of shares or other
form of reorganization, or any other change affecting the Common Stock, such proportionate adjustments, if any, as the Committee, in its sole discretion, may deem appropriate to reflect such change, will be made with respect to the aggregate number
of shares covered by the RSU Award. The Committee may also make such adjustments in the number of shares covered by the RSU Award in the event of a spin off or other distribution (other than normal cash dividends), of Corporation assets to
shareholders. 
 (c) The Committee will exercise its discretion in connection with the determinations under this Section 4.4 in good
faith. 
  

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 4.5 Shares to Be Reserved. Corporation will at all times during the term of the RSU Award reserve
and keep available such number of shares of Common Stock as will be sufficient to satisfy the requirements of this RSU Award Agreement. 
 4.6 Compliance With Securities Laws. Employee acknowledges that the RSU Award is intended to conform to the extent necessary with all provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934 and any and all
regulations and rules promulgated by the Securities and Exchange Commission thereunder, including without limitation Rule 144 under the Securities Act of 1933 and Rule 16b-3 under the Securities Exchange Act of 1934. In particular, the
shares issuable upon settlement of the RSU Award may be “restricted shares” as defined in Rule 144 and subject to a six-month holding period following the date of exercise, among other requirements. Notwithstanding anything herein to
the contrary, the RSU Award is granted only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, this RSU Award Agreement will be deemed amended to the extent necessary to conform to such
laws, rules and regulations. 
  

			
	RENTRAK CORPORATION
		
	By	 	 /s/    Paul A. Rosenbaum

		 	Chairman of the Board

  

	
	 /s/    William P. Livek

	 William P. Livek

  

	
	 Address:

	  
 
	  
 

 Employee’s Taxpayer Identification Number:
                 
  

 -6-Stock-Settled Stock Appreciation Rights Award Agreement

 Exhibit 10.4 
 EXECUTION COPY 
 AWARD AGREEMENT 
 for 
 STOCK-SETTLED STOCK APPRECIATION RIGHTS 
 (75,000 SSARs) 
 THIS AWARD AGREEMENT (the
“Agreement”), effective as of June 15, 2009 (the “Grant Date”), is made by and between RENTRAK CORPORATION, an Oregon corporation (“Corporation”), and WILLIAM P. LIVEK, an employee of Corporation
(“Employee”): 
 RECITALS 
 A. Corporation wishes to afford Employee the opportunity to acquire Shares of its $.001 par value Common Stock (the “Common Stock”). 
 B. Corporation has adopted the 2005 Stock Incentive Plan of Rentrak Corporation (the “Plan”). 
 C. The Committee appointed to administer the Plan has determined that it would be to the advantage and best interests of Corporation and its shareholders
to grant the Stock-Settled Stock Appreciation Rights (the “SSARs”) provided for in this Agreement to Employee as an inducement to accept employment as Chief Executive Officer of Corporation and as an incentive to provide high quality
services during such employment. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants in this Agreement and other good and valuable consideration, receipt of which is acknowledged, the parties agree as follows: 
 1. GRANT OF SSARS 
 1.1 Grant of SSARs. In
consideration of Employee’s agreement to become an employee of Corporation or its Subsidiaries and for other good and valuable consideration, effective as of the date of this Agreement, Corporation irrevocably grants to Employee 75,000 SSARs on
the terms and conditions set forth in this Agreement. 
 1.2 Base Price. The base price of the SSARs is $14.50 per SSAR (the
“Base Price”), subject to adjustment as provided in Section 13 of the Plan. 
 1.3 Consideration to Corporation. In
consideration of the grant of the SSARs by Corporation, Employee agrees to render faithful and efficient services to Corporation or any Subsidiary, with such duties and responsibilities as set forth in Employee’s employment agreement with
Corporation. Nothing in this Agreement or the Plan confers upon Employee any right to continue in the employ of Corporation or any Subsidiary or will interfere with or restrict in any way the rights of Corporation and its Subsidiaries, which are
expressly reserved, to discharge Employee at any time for any reason whatsoever, with or without cause, except as provided in Employee’s employment agreement with Corporation. 
 1.4 Cause and Good Reason. For purposes of this Agreement, “Cause” and “Good Reason” for termination of employment have the
meanings set forth in Employee’s employment agreement. 
 1.5 Adjustments to SSARs. The SSARs are subject to adjustment as
provided in Section 13 of the Plan. 
 2. PERIOD OF EXERCISABILITY 
 2.1 Commencement of Exercisability.  
 (a) Unless the SSARs are otherwise
terminated or the time of their exercisability is accelerated in accordance with this Agreement, the SSARs may be exercised from time to time beginning 

  

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on the dates indicated up to the following limits (including any SSARs previously exercised pursuant to this Agreement): 
 (i) Beginning April 1, 2010 – 18,750 SSARs; 
 (ii) Beginning April 1, 2011 – an additional 18,750 SSARs; 
 (iii) Beginning April 1, 2012 – an additional 18,750 SSARs; and 
 (iv) Beginning April 1, 2013 – 100 percent of the SSARs. 
 (b) Notwithstanding Section 2.1(a), if Employee’s employment is terminated by Corporation without Cause or by Employee for Good
Reason, the SSARs will become exercisable, to the extent they are not then exercisable, as to the installment scheduled to become exercisable in the calendar year in which termination of Employee’s employment occurs and the installment
scheduled to become exercisable in the following calendar year. Acceleration of vesting under this Section 2.1(b) is conditioned upon execution of the release described in Section 6.2 of the Employee’s employment agreement.

 (c) Notwithstanding Section 2.1(a), the SSARs will become fully and immediately exercisable if an event occurs on or
after six months following the Grant Date that constitutes a Change in Control of Corporation before the SSARs expire pursuant to Section 2.3. If the Change in Control occurs before six months have elapsed following the Grant Date, an aggregate
of 37,500 SSARs will become fully and immediately exercisable, and the remaining SSARs shall terminate and be unexercisable. For purposes of this Agreement, “Change in Control” is defined as the first occurrence of any of the following:

 (i) Any person (including any individual, corporation, limited liability company, partnership, trust, group, association,
or other “person,” as such term is used in Section 13(d)(3) or 14(d) of the Exchange Act) other than a trustee or other fiduciary holding securities under an employee benefit plan of Corporation, is or becomes a beneficial owner
(within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of Corporation representing more than 50 percent of the combined voting power of Corporation’s then outstanding securities;

 (ii) A majority of the directors elected at any annual or special meeting of shareholders are not individuals nominated by
Corporation’s then incumbent Board; or 
 (iii) The shareholders of Corporation approve (i) a merger or
consolidation of Corporation with any other corporation, other than a merger or consolidation which would result in the Voting Securities (defined as all issued and outstanding securities ordinarily having the right to vote at elections of
Corporation’s directors) of Corporation outstanding immediately prior to such transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) 50 percent or more of
the combined voting power of the Voting Securities of Corporation or of such surviving entity outstanding immediately after such merger or consolidation, (ii) a plan of complete liquidation of Corporation, or (iii) an agreement for the
sale or disposition by Corporation of all or substantially all of its assets. 
 (d) No portion of the SSARs which are
unexercisable upon termination of Employee’s employment with Corporation or any Subsidiary will subsequently become exercisable. 
 2.2
Duration of Exercisability. Once the SSARs become exercisable pursuant to Section 2.1, they will remain exercisable until they become unexercisable under Section 2.3. 
 2.3 Expiration of SSARs. To the extent the SSARs have previously become exercisable, they may not be exercised to any extent by anyone after the
first to occur of the following events: 
 (a) June 15, 2019; 
  

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 (b) Immediately upon termination of Employee’s employment with Corporation or any
Subsidiary for Cause; 
 (c) One year following Employee’s death or disability; 
 (d) Six months following termination of employment for any reason other than Cause, death, or disability; or 
 (e) On the date specified in Section 2.4(b) in connection with a Terminating Event (as that term is defined
in Section 2.4(b)). 
 2.4 Adjustments to and/or Cancellation of the SSARs. 
 (a) Neither (i) the issuance of additional shares of stock of Corporation in exchange for adequate consideration (including
services), nor (ii) the conversion of outstanding preferred shares of Corporation into Common Stock, will be deemed to require an adjustment in the SSARs or in the base price of the SSARs pursuant to Section 13 of the Plan. In the event
the Committee determines that an event has occurred affecting Corporation such that an adjustment to the SSARs under Section 13 of the Plan should be made but that it is not practical or feasible to make such an adjustment, such event will be
deemed a Terminating Event subject to the following subsection. 
 (b) Subject to Section 13 of the Plan, in the event of
a Change in Control or the occurrence of an event in accordance with the last sentence of the previous subsection (any of such events is herein referred to as a “Terminating Event”), the Committee will determine whether a provision will be
made in connection with the Terminating Event for an appropriate assumption of the SSARs by, or substitution of appropriate new stock appreciation rights covering stock of, a successor corporation employing Employee or stock of an affiliate of such
successor employer corporation. If the Committee determines that such an appropriate assumption or substitution will be made, the Committee will give notice of the determination to Employee and the terms of such assumption or substitution, and any
adjustments made (i) to the number and kind of shares subject to the SSARs (or to stock appreciation rights issued in substitution therefor), (ii) to the SSAR base price, and (iii) to the terms and conditions of the SSARs, will be
binding upon Employee. If the Committee determines that no assumption or substitution will be made, the Committee will give notice of this determination to Employee, whereupon Employee will have the right for a period of 30 days following the notice
to exercise in full or in part the unexercised and unexpired SSARs, which will become exercisable as specified in Section 2.1(c) above. Upon the expiration of this 30-day period, the SSARs will expire to the extent not earlier exercised.

 (c) The Committee will exercise its discretion in connection with the determinations under this Section 2.4 in good
faith and in a uniform and nondiscriminatory manner with respect to all participants under the Plan. 
 3. EXERCISE OF SSARs 
 3.1 Partial Exercise. Any exercisable portion of the SSARs or all of the SSARs, if then exercisable in full, may be exercised in whole or in part
at any time prior to the time when the SSARs or portion thereof become unexercisable under Section 2.3. 
 3.2 Manner of
Exercise. The SSARs, or any exercisable portion thereof, may be exercised solely by delivery to Corporation’s Secretary or his office of all of the following prior to the time when the SSARs or such portion become unexercisable under
Section 2.3: 
 (a) A written notice complying with the applicable rules established by the Committee stating that the
SSARs, or a portion thereof, are being exercised. The notice must be signed by Employee or other person then entitled to exercise the SSARs. 
 (b) A bona fide written representation and agreement, in a form satisfactory to the Committee, signed by Employee or other person then entitled to exercise such SSARs or portion as the Committee in its discretion,
determines is necessary or appropriate to effect compliance with the Securities Act of 1933 and any other federal or state securities laws or regulations. 
  

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 (c) In the event the SSARs or portion are exercised pursuant to Section 4.1 by any
person or persons other than Employee, appropriate proof of the right of such person or persons to exercise the SSARs. 
 3.3 Settlement
of SSARs. Upon exercise of all or a portion of the SSARs after the SSARs have become exercisable, Corporation will calculate the SSAR Spread, the Tax Offset Amount, and the Net SSAR Value and will convert the Net SSAR Value into a whole number
of SSAR Settlement Shares based on the Fair Market Value of a Share on the exercise date, with any remaining portion of the Net SSAR Value (representing the value of a fractional Share) credited as additional federal income tax withholding for the
Employee’s benefit. Within 10 days following the exercise date, Corporation will cause a stock certificate for the SSAR Settlement Shares to be delivered to Employee. For purposes of this Section 3.3, the following terms will have the
meanings shown below: 
 (a) Net SSAR Value means, for each exercise of all or a portion of the SSARs, (a) the
product of the SSAR Spread multiplied by the number of SSAR Shares as to which the SSARs are exercised, less (b) the Tax Offset Amount for such exercise. 
 (b) SSAR Settlement Shares means, for each exercise of all or a portion of the SSARs, the number of Shares equal to the Net SSAR
Value divided by the Fair Market Value of a Share on the exercise date (rounded down to the nearest number of whole Shares). 
 (c) SSAR Spread means the excess of the Fair Market Value of a Share on the exercise date of the SSARs over the Base Price. 
 (d) Tax Offset Amount means, for each exercise of all or a portion of the SSARs, the aggregate amount of federal, state, and local withholding taxes and Employee’s portion of all applicable payroll taxes
attributable to the SSAR Spread upon exercise of the SSARs to be withheld and paid to the appropriate taxing authorities by Corporation. 
 3.4 Rights as Shareholder. The holder of the SSARs is not, and does not have any of the rights or privileges of, a shareholder of Corporation in respect of any Shares issuable upon the exercise of any of the SSARs unless and until
certificates representing such Shares have been issued by Corporation to such holder. 
 4. OTHER PROVISIONS 
 4.1 SSARs Not Transferable. Neither the SSARs nor any interest or right therein or part thereof may be sold, pledged, assigned, or transferred in
any manner other than by will or the laws of descent and distribution, unless and until such SSARs have been exercised and all restrictions applicable to such Shares have lapsed. Neither the SSARs nor any interest or right in the SSARs will be
liable for the debts, contracts or engagements of Employee or his successors in interest or will be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be
voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof will be null and void and of no effect, except to
the extent that such disposition is permitted by the preceding sentence. 
 4.2 Shares to Be Reserved. Corporation will at all times
during the term of this Agreement reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of this Agreement. 
 4.3 Notices. Any notice to be given under the terms of this Agreement to Corporation must be addressed to Corporation in care of its Secretary, and any notice to be given to Employee will be addressed to him at
the address given beneath his signature. By a notice given pursuant to this Section 4.3, either party may designate a different address for notices to be given. Any notice which is required to be given to Employee will, if Employee is then
deceased, be given to Employee’s personal representative if such representative has previously informed Corporation of his status and address by written notice under this Section 4.3. Any notice will be deemed duly given when enclosed in a
properly sealed envelope or wrapper addressed as pursuant to this Section, and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 
  

 4 

 4.4 Titles. Titles are provided in this Agreement for convenience only and are not to serve as a
basis for interpretation or construction of this Agreement. 
 4.5 Construction. This Agreement will be administered, interpreted and
enforced under the internal laws of the State of Oregon without regard to conflicts of laws thereof. 
 4.6 Conformity to Securities
Laws. Employee acknowledges that the Plan is intended to conform to the extent necessary with all provisions of the Securities Act of 1933 and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange
Commission thereunder, including without limitation Rule 144 under the Securities Act of 1933 and Rule 16b-3 under the Exchange Act. Notwithstanding anything herein to the contrary, the Plan will be administered, and the SSARs are granted and may be
exercised, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement will be deemed amended to the extent necessary to conform to such laws, rules and regulations.

 4.7 Definition of Terms. All capitalized terms used in this Agreement without definition have the meanings ascribed to such terms
in the Plan. 
  

			
	RENTRAK CORPORATION
		
	By	 	 /s/    Paul A. Rosenbaum

		 	Chairman of the Board

  

	
	 /s/    William P. Livek

	William P. Livek

 Address: 
 1519 SE 2nd Street 
 Fort Lauderdale, Florida 33301 
 Employee’s Taxpayer Identification
Number:                              
  

 5

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