Offer letter dated March 5, 2009, between the Registrant and Alex Vieux



 Exhibit 10.25 
 March 5th, 2009 
 Alex Vieux 
 Chief Executive Officer 
 Red Herring, Inc. 
 1900
Alameda de las Pulgas 
 Suite 112 
 San Mateo, CA 94403

  

	 	Re:	Board of Directors of DivX, Inc. -- Offer Letter 

 Dear Mr. Vieux:

 I am glad to formally invite you to join the DivX, Inc. Board of Directors. You stand apart from other available candidates in terms of
your substantive knowledge and experience as well as your cultural fit with both the DivX team and understanding of the Company’s mission. This letter encapsulates the discussions we have had over the last few weeks with respect to your joining
the Board. 
 As a board member of DivX, you agree to act as a fiduciary for DivX, Inc. shareholders, including among other things providing
technology and media industry expertise and operational insights to DivX management, evangelizing DivX to the technology and media community, including among other things a press release with respect to your joining the DivX Board, and attending
scheduled Board meetings in person except under unusual circumstances. 
 Following your acceptance of this offer of Board membership, you
will receive a nonstatutory stock option grant to purchase 30,000 shares of DivX common stock. As with all option grants, such grant would be subject to Board approval and would be consistent with the Company’s policies regarding the grant of
options to Section 16 persons. All options would be subject to the Company’s stock option plan and would vest over four years with 25% vesting on the one-year anniversary of the grant date and then 1/48 vesting on a monthly basis for 36 months.
Vesting in such options would depend upon your continued status as a Director of DivX. The exercise price of such options would be the fair market value of the Company’s common stock as of the date of such option grant. 
 If during your membership of the DivX Board of Directors there is a Change of Control (as defined below), the options granted to you shall vest and
become exercisable immediately prior to the Change of Control. “Change of Control” shall mean the sale of substantially all of the assets of DivX or the acquisition of DivX by another entity by means of consolidation or merger after which
the then current shareholders of DivX hold less than 50% of the voting power of the surviving corporation provided that a reincorporation of DivX shall not be a Change of Control. 
 During your tenure as a Director, you will also be eligible for an annual grant of 15,000 nonstatutory options consistent with the Company’s
policies regarding the grant of options to Section 16 persons. Such options would be subject to the Company’s stock option plan and would vest over four years with 25% vesting on the one-year anniversary of the grant date and then 1/48 vesting
on a monthly basis for 36 months. Vesting in such options would depend upon your continued status as a Director of DivX. 







 In addition, as a Director you will receive an annual cash retainer equal to $25,000 and shall receive
Board meeting fees as follows: $1,500 for in-person meetings and $750 for telephonic meetings. 
 Finally, you will be eligible for
additional compensation in the event that you become a member of one or more committees of the Board, such as the Audit Committee, the Nominating & Corporate Governance Committee, or the Compensation Committee. 
 Please note that as a Director, you will have access to confidential information and, if you have not already done so, will be required to execute the
Company’s standard Nondisclosure Agreement (“NDA”), a copy of which has or will be provided to you. 
 Our proposal reflects
how strongly management and the Board feel about the prospect of working with you. We look forward to you joining our team. 
  
  

	
	DivX, Inc.
	
	/s/ Kevin Hell
	 Kevin Hell
 Chief Executive Officer
 Member of the Board of Directors


  

	
	
	/s/ Christopher McGurk
	 Christopher McGurk
 Member of the Board of Directors

 Chairperson, Nominating & Corporate Governance Committee


 Acknowledged and Agreed: 
 I have read this letter in its entirety and agree to its terms and conditions. 

			
	
	/s/ Alex Vieux
	Alex Vieux
		
	Dated: