Document:

Exhibit 10.4  

April 12,
2006 

Fred
Gerson

Perco Park

100 Park Boulevard

San Diego, CA 92101 

	Re
	Amended
and Restated Offer Letter 

Fred: 

        DivX, Inc.
("DXN") is pleased to formally extend to amend and restate its offer letter to you dated March 2005 in which we offered you the opportunity to join the DXN Board
of Directors. 

        This
letter supersedes all prior agreements, including without limitation the March 2005 offer letter. 

        You
are a member of the Audit Committee and will be a member of the Nominating and Corporate Governance Committee. As we discussed, it is essential that you attend scheduled board
meetings in person, but we understand that other matters may require you to attend no more than 20% of each year's board meetings telephonically. 

        You
have been granted a non-qualified stock option to purchase 60,000 shares of common stock of DXN. At the next meeting of the Board of Directors on April 27, 2006,
it will be recommended to the Board that you be granted a non-qualified stock option to purchase 40,000 shares of common stock of DXN. The exercise price per share for these options will
be fixed based on DXN's common stock price as determined by DXN's board of directors for the three days prior to date of grant. This grant will vest 25% upon the first year anniversary of the grant
date and then 1/48 per month thereafter. Vesting will depend upon your continued status as a Director of DXN. 

        In
the event that you are a Director and there is a "Change in Control," you will receive one year of accelerated vesting. "Change of Control" shall mean the sale of all or substantially
all of the assets of DXN or the acquisition of DXN by another entity by means of consolidation or merger after which the then current shareholders of DXN hold less than 50% of the voting power of the
surviving corporation provided that a reincorporation of DXN shall nor be a Change of Control. 

        DXN
will extend Directors & Officers ("D&O") insurance coverage for liability resulting from your acts or omissions as a Director of DXN pursuant to the terms and conditions of
DXN's current D&O insurance policy. 

        To
the extent permitted under DXN's Articles of Incorporation or By-Laws, DXN further agrees to indemnify you for any damages, suits, liability or claims, resulting from or
arising out of your acts or omissions as a Director of DXN, provided the DXN's indemnification under this provision shall not extend to acts of bad faith, willful misconduct, gross negligence, fraud,
embezzlement or other material dishonesty, or commission of a felony or other crime of moral turpitude. 

        As
a Director of DXN you will have access to confidential information and will continue to be bound by the DXN Nondisclosure Agreement, a copy of which you have already executed. 

        Please
indicate by signature below your agreement and acknowledgement of this amended and restated letter and fax it to our General Counsel, David Richter (fax:
858-882-0604). 

DivX,
Inc. 

	/s/ R. Jordan Greenhall
 R. Jordan Greenhall

Chief Executive Officer	 	 

Acknowledged and Agreed:  

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

	/s/ Fred Gerson
 Fred Gerson	 	 

	

Dated:	

4-12-06Exhibit 10.5  

January 3,
2006 

Via E-Mail

Christopher
McGurk

Re:
Board of Directors

Chris, 

        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 provide entertainment industry expertise to DivX management in its efforts to prepare, refine and/or restructure the Company's content plan; make
the necessary high-level contacts on behalf of DivX with content providers; evangelize DivX to the entertainment industry and financial community, including among other things a press
release with respect to your joining the DivX Board; and attend scheduled Board meetings in person except under unusual circumstances. 

        Upon
your acceptance of this offer of Board membership, you would receive a nonstatutory stock option grant to purchase 100,000 shares of DivX common stock. As with all option grants,
such grant would be subject to Board approval. 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 as determined by the Company's Board of Directors. The
last time such exercise price was determined by the Board was at its November 2005 meeting during which the exercise price was set at ninety cents ($0.90) per share. Please note that no
representation is made that the exercise price for your options will also be set at such price. As a point of interest, the Company's most recent equity financing closed in October 2005
pursuant to which a new investor in the Company invested $17 million for Series D preferred stock priced at $2.9216 per share. Such Series D preferred stock has certain rights,
preferences and privileges additional to those of common stock. 

        Please
note that as a Director, you would have access to confidential information and would be required to execute the Company's standard nondisclosure agreement, a copy of which shall
be provided to you. 

        Our
proposal to you significantly exceeds what we have contemplated with respect to other candidates and 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/ R. Jordan Greenhall
 R. Jordan Greenhall

Chief Executive Officer	 	 

        Acknowledged
and Agreed: 

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

	/s/ Christopher McGurk
 Christopher McGurk	 	 
	

Dated:	

4-20-06Exhibit 10.6  

November 21,
2002 

Kevin
Hell

PO Box 676296

Rancho Santa Fe, CA 92067 

Dear
Kevin: 

        DivXNetworks, Inc.
is pleased to formally extend to you an offer of employment for the position of Chief Marketing Officer, based in San Diego, CA. In this position you will
report to the CEO, Jordan Greenhall. 

        To
compensate you for your efforts in this position, you will receive a base salary of $16,666.67 per month (equivalent to $200,000 per annum). In addition, you have an opportunity to
earn additional bonus compensation up to a gross compensation cap on the bonus of $300,000. The bonus compensation will be tied to specific goals which are outlined in the attached "Bonus
Compensation" document and will be finalized within two weeks of your start date. 

        It
will be recommended to the Board that you be granted an option to purchase 600,000 stock options of DivXNetworks, Inc. The price per share for these options will be fixed based
on the Company's stock price for the three days prior to date of grant (currently at $0.06 per share strike price). This grant will vest with a 1 year cliff at 25% then 1/48 per
month thereon, based upon your employment anniversary date. 

        With
regard to benefits, you will receive all the employment benefits available to full time, regular exempt employees of DivXNetworks, Inc. These benefits include medical,
dental, life insurance. AD&D, and STD/LTD, accrual of 20 days PTO during the year, and paid holidays. In addition you can contribute to the companies 401(k) plan; currently there is no company
matching. 

        In
accordance with the Immigration Reform & Control Act of 1986, employment in the United States is conditional upon proof of eligibility to legally work in the United States. On
your first day of employment, you will need to provide us with this proof, (please refer to the enclosed list of acceptable documents). If you do not have these documents, please contact me prior to
your first day of employment. 

        The
terms of your employment relationship with DivXNetworks, Inc. is and always will be one of voluntary employment "at will". 

        As
an employee of DivXNetworks, Inc. you will have access to confidential information and you may, during the course of your employment, develop information or inventions, which
will be the property of DivXNetworks, Inc. To protect the interests of DivXNetworks, Inc., you will be required to sign the Company's standard "Agreement Regarding Proprietary
Information and Inventions" and it must be accepted by DivXNetworks, Inc. as a condition of your employment. We wish to impress upon you that we do not wish you to bring with you any
confidential or proprietary material of any former employer or to violate any other obligations you may have to your former employer. 

        This
offer letter is an offer of employment and is not intended and shall not be construed as a contract proposal or contract of employment. 

        This
written offer constitute all conditions and agreements made on behalf of DivXNetworks, Inc. and supersedes any previous verbal commitments by the Company. No representative
other than myself has any authority to alter or add to any of the terms and conditions herein. 

        Please
contact me to indicate your response to this offer. Upon your acceptance return the original and retain the copy for your records. I have also enclosed Agreement Regarding
Proprietary Information and Inventions. Following your acceptance, please review, sign, and return, along with your signed offer letter. This employment offer expires on December 1, 2002. 

 

        Your
experience and talents will be a strong addition to our company. We are looking forward to having you join our team. 

Regards,

DivXNetworks, Inc. 

	

/s/  R. JORDAN GREENHALL      
 Jordan Greenhall

CEO	
 	

 

        I
have read this offer letter in its entirety and agree to the terms and conditions of employment. I understand and agree that my employment with DivXNetworks.com, Inc. is
at-will. 

	

2-18-03
 Date	
 	

/s/  KEVIN HELL      
 Signature
	

 Start Date	
 	

 

2

 

BONUS COMPENSATION  

        You have been offered the opportunity to earn an additional bonus compensation. This bonus compensation is in addition to base salary. All bonuses will are paid
upon receipt of cash. Below are the details of your bonus plan: 

Cash Bonus  

	April 1, 2003	 	automatic $25,000 bonus
	

Q2'03 Milestone	
 	

Revenue generated greater than $4M in first six months of 2003 $33,000 bonus
	

Q3'03 Milestone	
 	

Revenue generated greater than $9M in first nine months of 2003 $33,000 bonus
	

Q4'03 Milestone	
 	

Revenue generated greater than $15M for 2003 $33,000 bonus

        An
additional $100,000 bonus in 2003 targeting 3 additional milestones at the close of Q2, Q3, and Q4. These milestones are: 

Equity Bonus  

	1.	 	Q2'03 Milestone: Close 3 major SW VAR/OEM deals (>100K) by the end of Q2'03.	 	100,000 options
	

2.	
 	

Q3'03 Milestone: Get Dr. DivX launched into a retail market by Thanksgiving 2003.	
 	

100,000 options
	

3.	
 	

Q4'03 Milestone: Successfully implement at least one major strategic project (on the order of Snakebite, Simba, P2P, Disney OVS node) by the end of 2003.	
 	

100,000 options

        In
2004, you will move to a bonus based on the following formula: 1% of all company revenues over $8M with a $300k cap on the bonus. 

        I
acknowledge and accept the terms of this bonus program. 

	

/s/  KEVIN HELL      
 Signature	
 	

2-18-03
 Date

3

 
February 2,
2005 

Kevin
Hell

14460 Caminito Lazanja

San Diego, CA 92127 

Dear
Kevin, 

        This
letter will confirm our mutual understanding regarding your continued employment at DivXNetworks, Inc. ("DXN"). All terms and conditions of your prior offer letter from DXN
dated November 21, 2002 (the "Original Letter"), a copy of which is attached hereto remain in force and effect except as stated in this letter: 

	•
	Your
title at DXN is Chief Operating Officer.

	•
	The
second and third sentences of the second paragraph of your Offer Letter are deleted and the following is substituted instead: 

"You
will be paid a bonus consistent with the bonuses paid to other senior executives of the Company." 

The
second-to-last paragraph of the Bonus Compensation page attached to the Original Letter (which read; "In 2004, you will move to a bonus based on the following formula: 1%
of all company revenues over $8M with a $300K cap on the bonus.") is deleted in its entirety as such bonus structure did not reflect your direct contribution to the production of revenues. 

For
the avoidance of doubt, the deleted language is indicated on the attached copy of the Original Letter. 

	•
	If
during your employment with DXN (i) there is a Change of Control (as defined below) and (ii) you are not offered a Comparable Position (as defined below) by
the surviving corporation, all of the options to purchase shares of common stock of DXN that you own as of the date of this letter shall vest and become exercisable immediately prior to the Change of
Control. A "Comparable Position" is a position with similar or greater responsibilities at your then-current base salary. For the purpose of clarity and without limiting the universe of
comparable positions, a role with responsibility for marketing, including without limitation product marketing, with operational expense responsibility for an operational group of substantially
similar size
to that managed by you at DXN at the time of the Change of Control shall be considered a Comparable Position. "Change of Control" shall mean the sale or substantially all of the assets of DXN or the
acquisition of DXN by another entity by means of consolidation or merger after which the then current shareholders of DXN hold less than 50% of the voting power of the surviving corporation  provided that a reincorporation of DXN shall not be a Change of Control. 

        This
letter, together with the Original Letter (with attachments) as modified by this letter, constitutes all terms and conditions of your employment by DXN and supersedes any previous
written or verbal commitments by DXN. No representative other than the CEO of DXN has any authority to alter or add to any of the terms and conditions herein. 

4

 

        Please
acknowledge your agreement to the terms and conditions of this letter below. Your failure to return this signed letter to me by Thursday, February 3, 2005 would render this
letter null, void and of no effect. 

DivXNetworks, Inc.

	

/s/  R. JORDAN GREENHALL      
 R. Jordan Greenhall

Chief Executive Officer	
 	

 
	
Acknowledged and agreed:	
 	

 
	

/s/  KEVIN HELL      
 Kevin Hell	
 	

 
	

2/2/05
 Dated	
 	

 

5

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