Sample Business Contracts

Loan Agreement - Rentrak Corp. and Ron Berger

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                                LOAN AGREEMENT

     THIS AGREEMENT is entered into this 16th day of June, 2000, by and between
Rentrak Corporation ("Lender"), and Ron Berger ("Borrower").


     WHEREAS, Borrower wishes to borrow funds from Lender on a limited-recourse
basis, under the terms and conditions set forth in this Agreement, for the
purpose of exercising certain "out of the money" stock options for the common
stock of Rentrak Corporation ("Rentrak") pursuant to the Rentrak 2000 Employee
Loan/Option Program (the "Rentrak Stock"); and

     WHEREAS, Lender, having determined that a loan for such purpose would be in
furtherance of Lender's best interests, is willing to loan to Borrower such
funds, in the amount of Six Million, Six Hundred Twenty Nine Thousand, Three
Hundred Eighty Six Dollars and One Cent Dollars ($6,629,386.01) (the "Loan
Funds"), under the terms and conditions set forth in this Agreement and the
exhibits hereto; and

     WHEREAS, Lender wishes to clarify and confirm that Borrower shall be under
no obligation to repay the principal portion of the Loan beyond the amount of
funds received by Borrower or Lender pursuant to the sale of the Rentrak Stock
which is purchased with the Loan Funds; and

     WHEREAS, Lender has simultaneously executed a Pledge Agreement and
Promissory Note which provide for this Loan Agreement;

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


     1.  Loan.  Upon the effective date of this Agreement specified above,
Lender agrees to loan Borrower Six Million, Six Hundred Twenty Nine Thousand,
Three Hundred Eighty Six Dollars and One Cent Dollars ($6,629,386.01) (the
"Loan"). The Loan shall be evidenced by a Promissory Note in the form attached
hereto as Exhibit "A". The Loan may be advanced in one or more disbursements,
each of which shall be made upon Borrower's application to Lender for advances,
as set forth below:

     Rentrak Corporation will issue a loan (or several loans, but not more than
five (5)) to Borrower in an amount not more than the amount required for
Borrower to purchase from Rentrak as many of your unexercised but fully vested
"out of the money" Employee Stock Options ("ESO's") as Borrower wishes to
exercise at the time. Example: You have an option for 100 shares of Rentrak, at
a price of $6 per share, of which 60 shares are vested and 40 are not. On the
day you borrow, the Rentrak common stock is trading at a price of $5.00.
Consequently, your $6.00 stock option is "out of the money." We will lend you
$360.00, if you wish to exercise the entire 60 share


option, or $300.00 if you wish to exercise only 50 shares and so on. You may
also use a portion of your own funds to exercise the option. In the previous
example where you were exercising only 50 shares, you could borrow $200 and
combine it with $100 of your own funds to exercise the option.

     2.  Term.  The principal of the Loan will be due in one balloon payment on
the earliest to occur of :

          (a)  One year prior to the expiration of the term of Borrower's
               current employment agreement with Rentrak; or
          (b)  One (1) year after Borrower leaves Rentrak's employ for any other
               reason (unless such departure follows a Change in Control of
               Rentrak (as defined below, in which event this subsection 2(b)
               shall not be applicable); or
          (c)  Five years from the date of the Loan; or
          (d)  One year from the date of Borrower's death.

Such date may be called the Maturity Date.

     3.  Interest.  The Loan shall accrue interest at the federal funds interest
rate in effect on the date of the Loan. Interest will be payable annually on the
anniversary date of the Loan.

     4.  Security.  The Loan shall be secured by a Pledge Agreement in the form
attached hereto as Exhibit B encumbering all of the Rentrak Shares purchased
with the proceeds of the Loan.

     5.  Payment.  Payments shall be applied first to interest and then to
unpaid principal. Payments shall continue until the earlier of the time at which
all of the Loan has been repaid, together with interest, or the Maturity Date,
whichever first occurs.

     6.  Limited-Recourse.  The Loan shall be without recourse to Borrower
except as expressly set forth in Section 9 below.

     7.  Event of Default.  The following events shall be deemed events of
default under this Agreement and, if such events occur, Lender may pursue those
rights and remedies set forth herein and in the Note and Pledge Agreement. The
events of default are:

          7.1  Borrower's failure to pay any sums due under the Note when and as
     due; and

          7.2  Any other default under this Agreement, the Note or the Pledge

     8.  Bonus Payments.  From time to time, Rentrak has issued bonuses to some
employees, possibly including Borrower. By borrowing this money from Lender,
Borrower agrees that, until the loan and all accrued interest is fully repaid,
Rentrak will, if it elects to issue a bonus to Borrower, first apply 50% of the
bonus, after taxes, to paying down the outstanding interest (first) and then
principal of the Loan. In other words, Borrower may only receive half of any
bonuses Borrower would otherwise be entitled to until Borrower's loan is paid
off. Bonuses issued prior to June 30, 2000 will not be subject to this Section


     9.  Provision for Limited-Recourse.  Lender's recourse under the Loan and
this Agreement shall be and is limited to sale or disposition of the Rentrak
Shares pledged to Rentrak as security for the Loan for recovery of principal due
on the Loan. In addition, Lender may recover interest due from Borrower pursuant
to the Note, Pledge Agreement or this Agreement. Except to recover such unpaid
interest amounts, Lender shall have no other recourse to or against any other
asset or property owned by Borrower other than the Rentrak Shares pledged to the
Loan (and certain bonus payments as detailed in Section 8). Lender agrees, in
any action to foreclose on the Rentrak Shares and/or an action upon an event of
default, not to institute any action against Borrower individually for payment
of any sum of money that is or may be payable hereunder (including interest
thereon) other than an action to recover interest owing to Lender and remaining
unpaid after sale or disposition of the Rentrak Shares pledged to the Loan.

     10.  Change of Control of Rentrak.  A "Change of Control of Rentrak" shall
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 such term is defined in Sections 3(a)(9) and
               13(d)(3) of the Securities Exchange Act of 1934, as an amended
               (the "Exchange Act")), other than a trustee or other fiduciary
               holding securities under an employee benefit plan of Rentrak
               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 Rentrak Corporation, representing
               twenty-five percent (25%) or more of the combined voting power of
               Rentrak Corporation's then outstanding securities; or

          (b)  a majority of the directors elected at any annual or special
               meeting of stockholders are not individuals nominated by Rentrak
               Corporation's then incumbent Board; or

          (c)  the shareholders of Rentrak Corporation approve a merger or
               consolidation of Rentrak Corporation with any other corporation,
               other than a merger or consolidation which would result in the
               voting securities of Rentrak Corporation outstanding immediately
               prior thereto continuing to represent (either by remaining
               outstanding or by being converted into voting securities of the
               surviving entity) at least seventy-five percent (75%) of the
               combined voting power of the voting securities of Rentrak
               Corporation or such surviving entity outstanding immediately
               after such merger or consolidation, or the shareholders of
               Rentrak Corporation approve a plan of complete liquidation of
               Rentrak Corporation or an agreement for the sale or disposition
               by Rentrak Corporation of all or substantially all of its assets.

In the event of and following any Change of Control of Rentrak, and unless
Borrower shall then be in default pursuant to Section 7 hereof, Borrower may:

          10.1  Advise Lender by written notice, of Borrower's termination of
     the Loan (Borrower's "Termination Notice") in which event the Loan shall be
     terminated and


     Borrower shall waive all rights of Borrower in and to the Rentrak Shares
     securing Borrower's Loan in return for Lender's waiver of all claims to any
     recovery of principal or interest under the Loan except by acceptance of
     the Rentrak Shares which secures the Loan. Following delivery of a
     Termination Notice, Lender shall take no further collection action except
     to realize upon the Rentrak Shares pledged to the Loan and Borrower shall
     irrevocably forfeit any and all right to the Rentrak Shares pledged to the
     Loan. Borrower agrees to execute all such other and further documents as
     Lender shall require, evidencing the termination of the Loan or the waiver
     set forth herein; or

          10.2  Advise the Lender in writing (Borrower's "Market Price Notice")
     of Borrower's election to have Lender purchase such percentage of
     Borrower's Rentrak Shares pledged to the Loan as Borrower shall designate
     in the Market Price Notice, at the market price for such Rentrak Shares as
     of the close of business on the day prior to Lender's receipt of such
     Market Price Notice. The proceeds of a purchase pursuant to a Market Price
     Notice shall be applied first to accrued but unpaid interest and the
     balance, if any, to principal of Borrower's Loan. After the Loan has been
     paid in full, any additional Rentrak Shares or proceeds from the sale of
     Rentrak Shares shall be delivered to Borrower. During the term of this Loan
     Agreement, Borrower may give as many Market Price Notices as Borrower shall

     11.  Waiver.  The waiver of strict compliance of any provision in this
Agreement by Lender shall not constitute a waiver of strict compliance with that
or any other provision thereafter.

     12.  Applicable Law.  The enforceability and interpretation of this
Agreement shall be governed by the laws of the State of Oregon.

     13.  Binding Agreement.  This Agreement shall be binding upon the parties,
their heirs, personal representatives, successors and assigns.

     IN WITNESS WHEREOF, the parties have executed this Agreement effective as
of the day and year first above written.

LENDER:                                    BORROWER:

Rentrak Corporation

By: F. Kim Cox                             Name: Ron Berger

Title: President