Document:

Exhibit 10.3

THE  SECURITY  REPRESENTED  BY THIS  NOTE  HAS NOT  BEEN  REGISTERED  UNDER  THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS. ANY
TRANSFER OF SUCH SECURITY WILL BE INVALID UNLESS A REGISTRATION  STATEMENT UNDER
THE ACT AND AS REQUIRED BY BLUE SKY LAWS IS IN EFFECT AS TO SUCH  TRANSFER OR AN
EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

                                 PHS Group Inc.

                             Secured Promissory Note

Note No. 2007-04                                                   April 5, 2007
$3,945,833.34

FOR  VALUE  RECEIVED,  subject  to the  terms  and  conditions  of this  Secured
Promissory Note (the "Secured Note"), PHS GROUP INC., a Pennsylvania corporation
with its principal  offices  located at 223 Underhill Blvd,  Syosset,  New York,
11971 (the  "Borrower"),  hereby  promises  to pay to the order of MILFAM I L.P.
(the "Holder") with its principal  office located at 4550 Gordon Drive,  Naples,
Florida,  34102,  the principal sum of  $3,945,833.34 on January 15, 2012 or, if
such day is not a regular  Business  Day, on the next  Business Day  thereafter,
with all  accrued  but unpaid  interest  (as  provided  below) to such date (the
"Maturity Date").  Subject to the terms and conditions of this Secured Note, the
Borrower also promises to pay to the Holder interest  accrued on the outstanding
unpaid  principal  amount hereof until such principal amount is paid at the rate
of 11.75%  per annum,  from the date  hereof.  Said  interest  shall  become due
quarterly  in  arrears  and shall be  payable  on the last day of each  calendar
quarter  (each,  an  'Interest  Payment  Date") in  respect  of the  immediately
preceding  completed  calendar quarter.  The first Interest Payment Date will be
June 30, 2007.  Principal will be amortized  over ten years and payable,  as set
forth on Schedule A, in equal monthly installments on the last day of each month
beginning on April 30, 2007, with the balance to be paid in full on the Maturity
Date.  In the event any  payment is not  timely  paid when due,  interest  shall
accrue on such late payment at a per annum rate of eighteen  percent  (18%) from
and  including  the date of such late payment to (but  excluding)  the date such
late payment is paid in full.  All payments due hereunder  (whether of principal
or  interest)  shall  be  payable  in  lawful  money  of the  United  States  in
immediately available funds.

This  Secured Note is one of the Secured  Notes issued  pursuant to that certain
Securities  Purchase  Agreement,  dated as of January 19, 2007, by and among the
Borrower,  the Parent  Company and the purchasers  named therein,  as amended by
that certain First  Amendment to the Securities  Purchase  Agreement,  as of the
date hereof,  by and among the Borrower,  the Parent  Company and the purchasers
named therein, and as may be further amended, supplemented or otherwise modified
from time to time (the "Securities Purchase Agreement") and shall be entitled to
the benefits thereof. The Holder has been granted a security interest in certain
assets of the Borrower,  the Parent Company,  and its Subsidiaries as more fully
described in that certain Security,  Pledge and Guaranty  Agreement,  originally
dated as of January 19, 2007, and as amended by the parties  thereto on the date
hereof,  and as may be further amended,  supplemented or otherwise modified from
time to time (the "Security  Agreement").  The obligations of the Borrower under
this  Secured  Note have also been  guaranteed  by certain  Subsidiaries  of the
Parent  Company  pursuant  to and as set forth in the  Security  Agreement.  The
Holder of this Secured Note is also entitled to the rights and benefits  granted
pursuant to that certain Subordination and Intercreditor Agreement,  dated as of
January  19,  2007,  by and among the  Borrower,  the  Parent  Company,  certain
Subsidiaries thereto,  Laurus Master Fund, Ltd., the Holder and Lloyd I. Miller,
III (as  amended,  supplemented  or otherwise  modified  from time to time) (the
"Subordination Agreement").

<PAGE>

1. Definitions. Unless the context otherwise requires, the following terms shall
have the following respective meanings:

     "Borrower" has the meaning  ascribed to such term in the first paragraph of
this Secured Note.

     "Business Day" means any day of the week other than Saturday, Sunday or any
other  day of the  week on which  commercial  banks  in New  York,  New York are
authorized or required by law to close.

     "Event of Default" has the meaning ascribed to such term in Section 4(a) of
this Secured Note.

     "Holder"  has the meaning  ascribed to such term in the first  paragraph of
this Secured Note.

     "Maturity  Date"  has  the  meaning  ascribed  to such  term  in the  first
paragraph of this Secured Note.

     "Secured Note" has the meaning ascribed to such term in the first paragraph
of this instrument.

     "Security  Agreement"  has the meaning  ascribed to such term in the second
paragraph of this Secured Note.

     "Securities  Purchase  Agreement" has the meaning  ascribed to such term in
the second paragraph of this Secured Note.

     "Subsidiaries"  has the  meaning  ascribed  to such term in the  Securities
Purchase Agreement.

<PAGE>

2.  Accounting  Terms.  All accounting  terms not  specifically  defined in this
Secured Note shall be  construed  in  accordance  with United  States  generally
accepted accounting principles and, if applicable, consistent with those applied
in the preparation of the financial statements of the Borrower.

3. Prepayment.  The Secured Note may be paid prior to the Maturity Date provided
that prior to such  repayment  the  Borrower  provides  the Holder with five (5)
Business Days' advance written notice.

4. Events of Default.

     (a) Events Constituting An Event of Default. Any of the events set forth in
Section 1.11 of the Security Purchase  Agreement,  which section is incorporated
herein by reference,  shall  constitute an "Event of Default" under this Secured
Note.

     (b) Consequences of an Event of Default. Upon the occurrence of an Event of
Default or at any time  thereafter,  the Holder may, by notice to the  Borrower,
declare the entire unpaid  principal  amount of the Secured  Note,  all interest
accrued and unpaid thereon and all other amounts payable under this Secured Note
to be forthwith due and payable,  whereupon  the Secured Note,  all such accrued
interest  and all such  amounts  will  become and be  forthwith  due and payable
(unless there will have  occurred an Event of Default  under Section  1.11(i) of
the  Securities  Purchase  Agreement,  in  which  case  all  such  amounts  will
automatically become due and payable) without offset or counterclaim of any kind
and without  presentment,  demand,  protest or further  notice of any kind,  and
without regard to the running of the statute of limitations, all of which are by
this Secured Note expressly waived by the Borrower.

5. General Matters.

     (a)  Applicable  Law.  This  Secured Note shall be governed by the internal
laws (and not the law of conflicts) of the State of New York.

     (b) Fees and  Expenses.  In the event that any suit or action is instituted
to enforce any provision  under this Secured Note, the prevailing  party in such
dispute  shall be entitled to recover from the losing party all fees,  costs and
expenses of enforcing any right of such  prevailing  party under or with respect
to this Secured Note,  including  without  limitation,  such reasonable fees and
expenses of attorneys and accountants,  which shall include, without limitation,
all fees,  costs and expenses of appeals.  Notwithstanding  the  foregoing,  the
Borrower  agrees  to pay and hold  Holder  harmless  against  liability  for the
payment  of the  reasonable  fees and  expenses  of Holder  (including,  without
limitation,  reasonable  attorneys' fees and expenses and out of pocket expenses
of Holder  and its  representatives,  including,  without  limitation,  fees and
expenses for travel,  background investigations and outside consultants) arising
in connection with any refinancing or restructuring  of the credit  arrangements
provided  under this Secured  Note in the nature of a "work-out"  or pursuant to
any insolvency or bankruptcy  proceedings.  If default is made in the payment of
this Secured  Note,  the  Borrower  shall pay to Holder's  costs of  collection,
including reasonable attorney's fees.

<PAGE>

     (c) Amendment or Waiver. Any term of this Secured Note may be amended,  and
the observance of any term of this Secured Note may be waived (either  generally
or in a particular  instance and either  retroactively or prospectively) only by
the written consent of the Holder.

     (d)  Headings.  The  headings  in this  Secured  Note are for  purposes  of
convenience  of reference  only, and shall not be deemed to constitute a part of
this Secured Note.

     (e) Notices.  All  notices,  requests,  consents  and other  communications
required  or  permitted  hereunder  shall be in writing  (including  telecopy or
similar  writing) and shall be sent to the address of the party set forth in the
Securities  Purchase   Agreement.   Any  notice,   request,   consent  or  other
communication  hereunder  shall be deemed to have been given and received on the
day on  which  it is  delivered  (by  any  means  including  personal  delivery,
overnight air courier, United States mail) or telecopied (or, if such day is not
a  Business  Day or if the  notice,  request,  consent or  communication  is not
telecopied  during  business  hours of the intended  recipient,  at the place of
receipt,  on the next following Business Day). Any of the parties hereto may, by
notice given hereunder, designate any further or different address and/or number
to which subsequent  notices or other  communications  shall be sent. Unless and
until such written  notice is received,  the  addresses  and numbers as provided
herein shall be deemed to continue in effect for all purposes hereunder.

     (f) Failure or  Indulgence  Not Waiver.  No failure or delay on the part of
the Holder  hereof in the exercise of any power,  right or  privilege  hereunder
shall operate as a waiver thereof,  nor shall any single or partial  exercise of
any such power, right or privilege preclude other or further exercise thereof or
of any other  right,  power or  privilege.  All  rights  and  remedies  existing
hereunder  are  cumulative  to, and not  exclusive  of,  any rights or  remedies
otherwise available.

     (g) Amendment Provision. The term "Secured Note" and all reference thereto,
as used  throughout  this  instrument,  shall mean this instrument as originally
executed,  or if later amended,  supplemented  or modified,  then as so amended,
supplemented or modified.

     (h) Assignability. This Secured Note shall be binding upon the Borrower and
its successors and assigns, and shall inure to the benefit of the Holder and its
successors and assigns, and may be assigned by the Holder in accordance with the
requirements of the Securities Purchase  Agreement.  This Secured Note shall not
be assigned and none of the obligations  related hereunder shall be delegated by
the Borrower without the prior written consent of the Holder.

<PAGE>

     (i) Usury  Limitation.  In no event  shall the amount  paid or agreed to be
paid to the Holder for the use or forbearance of money to be advanced  hereunder
exceed the highest lawful rate permissible under the then applicable usury laws.
If it is  hereafter  determined  by a court of competent  jurisdiction  that the
interest  payable  hereunder  is in excess of the  amount  which the  Holder may
legally collect under the then applicable usury laws, such amount which would be
excessive  interest  shall be  applied to the  payment  of the unpaid  principal
balance due  hereunder  and not to the payment of interest or, if all  principal
shall previously have been paid, promptly repaid by the Holder to the Borrower.

     (j)  Severability.  Every  provision of this Secured Note is intended to be
severable.  If any term or provision  hereof is declared by a court of competent
jurisdiction to be illegal or invalid, such illegal or invalid term or provision
shall not affect the balance of the terms and provisions hereof, which terms and
provisions shall remain binding and enforceable.

     (k) Certain  Borrower  Waivers.  The  Borrower  and any  endorsers  of this
Secured Note hereby waive diligence,  presentment, protest, demand and notice of
every kind and, to the fullest  extent  permitted by law, the right to plead any
statute of limitations as a defense to any demand hereunder.

                  [Remainder of Page Intentionally Left Blank]

<PAGE>

IN WITNESS WHEREOF,  the Borrower has caused this Secured Note to be executed as
of the day and year first above written.

                                            PHS GROUP INC.,
                                            a Pennsylvania corporation

                                            By:
                                              ---------------------------
                                            Name:
                                              ---------------------------
                                            Title:
                                              ---------------------------QuickLinks
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Exhibit 10.04    
    

 
 

OMNEON VIDEO NETWORKS, INC.    
    

 
 

INDEMNIFICATION AGREEMENT    
    

        This Indemnification Agreement ("Agreement") is effective as
of                        , 20    , by and between Omneon Video Networks, Inc., a Delaware
corporation (the "Company" or "Omneon"), and                        (Name) ("Indemnitee"). 

        WHEREAS,
in order to induce Indemnitee to provide, or continue to provide, services to the Company, the Company wishes to provide for the indemnification of, and advancement of expenses
to, Indemnitee to the maximum extent permitted by law; 

        WHEREAS,
Indemnitee does not regard the current protection available as adequate under the present circumstances, and the Indemnitee and other directors, officers, employees, agents and
fiduciaries of the Company may not be willing to continue to serve in such capacities without additional protection; 

        WHEREAS,
the Company and Indemnitee recognize the continued difficulty in obtaining liability insurance for the Company's directors, officers, employees, agents and fiduciaries, the
significant increases in the cost of such insurance and the general reductions in the coverage of such insurance; 

        WHEREAS,
the Company and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting directors, officers, employees, agents and fiduciaries to
expensive
litigation risks at the same time as the availability and coverage of liability insurance has been severely limited; and 

        WHEREAS,
it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee to the fullest extent
permitted by applicable law so that Indemnitee will serve or continue to serve the Company free from undue concern that he or she will not be so indemnified. 

        NOW,
THEREFORE, in consideration of the foregoing and Indemnitee's agreement to provide, or continue to provide, services to the Company, the Company and Indemnitee hereby agree as set
forth below. 

        1.     Certain
Definitions. 

        (a)   "Change
in Control" shall mean, and shall be deemed to have occurred if, on or after the date of this Agreement, (i) any "person" (as such term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company acting in such
capacity or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, becomes the "beneficial
owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing more than 20% of the total voting power represented by the
Company's then outstanding Voting Securities, (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company
and any new director whose election by the Board of Directors or nomination for election by the Company's stockholders was approved by a vote of at least two thirds (2/3) of the
directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a
majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in
the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving
entity) at least 

 

80%
of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the
Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of related transactions) all or
substantially all of the Company's assets. 

        (b)   "Claim"
shall mean any threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, or any hearing, inquiry or investigation
that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, whether
formal or informal, investigative or other. 

        (c)   References
to the "Company" shall include, in addition to Omneon, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or
merger to which Omneon (or any of its wholly owned subsidiaries) is a party which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers,
employees, agents or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent or fiduciary of such constituent corporation, or is or was serving at the request of such
constituent corporation as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, Indemnitee shall
stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its
separate existence had continued. 

        (d)   "Expenses"
shall mean any and all expenses (including attorneys' fees and all other costs, expenses and obligations incurred in connection with investigating, defending,
being a witness in or participating in (including on appeal), or preparing to defend, to be a witness in or to participate in, any action, suit, proceeding, alternative dispute resolution mechanism,
hearing, inquiry or investigation, whether formal or informal), judgments, fines, penalties and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval
shall not be unreasonably withheld) of any Claim regarding any Indemnifiable Event and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt
of any payments under this Agreement. 

        (e)   "Expense
Advance" shall mean an advance payment of Expenses to Indemnitee pursuant to Section 3(a). 

        (f)    "Indemnifiable
Event" shall mean any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company,
or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or
other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity. 

        (g)   "Independent
Legal Counsel" shall mean an attorney or firm of attorneys, selected in accordance with the provisions of Section 3(e) hereof, who shall not have
otherwise performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other
indemnitees under similar indemnity agreements). 

        (h)   References
to "other enterprises" shall include employee benefit plans; references to "fines" shall include any excise taxes assessed on Indemnitee with respect to an
employee benefit plan; and references to "serving at the request of the Company" shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on,
or involves 

2

 

services
by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner "not opposed to the best
interests of the Company" as referred to in this Agreement. 

        (i)    "Voting
Securities" shall mean any securities of the Company that vote generally in the election of directors. 

        2.     Indemnification.

        (a)   Indemnification
of Expenses.    The Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee was or is or becomes a party to or
witness or other participant in, or is threatened to be made a party to or witness or other participant in, any Claim by reason of (or arising in part out of) any Indemnifiable Event against Expenses,
including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses. Such payment of Expenses shall be made by the Company as soon as practicable
but in any event no later than five (5) business days after written demand by Indemnitee therefor is presented to the Company. 

        (b)   Change
in Control.    The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which has been approved by a
majority of the Company's Board of Directors who were directors immediately prior to such Change in Control), then with respect to all matters thereafter arising concerning the rights of Indemnitee to
payments of Expenses and Expense Advances under this Agreement or any other agreement or under the Company's Certificate of Incorporation or Bylaws as now or hereafter in effect, Independent Legal
Counsel, if desired by Indemnitee, shall be selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such counsel, among other things, shall render its
written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified under
applicable law and the Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred to above and to indemnify fully such counsel
against any and all Expenses (including attorneys' fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. Notwithstanding any other
provision of this Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal Counsel in connection with all matters concerning a single Indemnitee, and such
Independent Legal Counsel shall be the Independent Legal Counsel for any or all other Indemnitees unless (i) the Company otherwise determines or (ii) any Indemnitee shall provide a
written statement setting forth in detail a reasonable objection to such Independent Legal Counsel representing other Indemnitees. 

        (c)   Mandatory
Payment of Expenses.    Notwithstanding any other provision of this Agreement other than Section 9 hereof, to the extent that Indemnitee has
been successful on the merits or otherwise, including, without limitation, the dismissal of an action without prejudice, in defense of any Claim regarding any Indemnifiable Event, Indemnitee shall be
indemnified against all Expenses incurred by Indemnitee in connection therewith. 

        3.     Expenses;
Indemnification Procedure. 

        (a)   Advancement
of Expenses.    The Company shall advance all Expenses incurred by Indemnitee. The advances to be made hereunder shall be paid by the Company to
Indemnitee as soon as practicable but in any event no later than 30 days after written demand by Indemnitee therefor to the Company. Indemnitee hereby agrees to repay to the Company all amounts
advanced to Indemnitee hereunder if it is ultimately determined that Indemnitee is not entitled to 

3

 

indemnification
hereunder. The Company's obligation to advance Expenses shall terminate with respect to any Claim as to which the Indemnitee shall have entered a plea of guilty or nolo contendere, or
an equivalent plea acknowledging guilt. 

        (b)   Notice/Cooperation
by Indemnitee.    Indemnitee shall, as a condition precedent to Indemnitee's right to be indemnified under this Agreement, give the Company
notice in writing as soon as practicable of any Claim made against Indemnitee for which indemnification will or could be sought under this Agreement; provided however that the failure to so provide
notice to the Company shall not relieve the Company from any liability that it may have to Indemnitee hereunder unless the Company's ability to participate in the defense of such claim was materially
and adversely affected by such failure. Notice to the Company shall be directed to the Chief Executive Officer of the Company at the address shown on the signature page of this Agreement (or such
other address as the Company shall designate in writing to Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be
within Indemnitee's power, to the extent that doing so is consistent with the exercise of the Indemnitee's rights under the federal and state Constitutions. Company shall provide Indemnitee with such
information and cooperation as Indemnitee may
reasonably require, to the extent that doing so is consistent with the Company's obligation to cooperate with regulatory or law enforcement agencies. 

        (c)   No
Presumptions; Burden of Proof.    For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court
approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular
belief or that a court has determined that indemnification is not permitted by applicable law. 

        (d)   Notice
to Insurers.    If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 3(b) hereof, the Company has liability
insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in accordance with the procedures set forth in the respective
policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Claim in accordance
with the terms of such policies. The Company shall keep Indemnitee reasonably informed as to the status of all relevant insurance matters. 

        (e)   Selection
of Counsel.    In the event the Company shall be obligated hereunder to pay the Expenses of any Claim the Company, if appropriate, shall be entitled
to assume the defense of such Claim with counsel approved by Indemnitee (not to be unreasonably withheld) upon the delivery to Indemnitee of written notice of the Company's election so to do. After
delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of
counsel subsequently incurred by Indemnitee with respect to the same Claim; provided that, (i) Indemnitee shall have the right to employ Indemnitee's separate counsel in any such Claim at
Indemnitee's Expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded
that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company shall not continue to retain such counsel to defend such
Claim, then the fees and Expenses of Indemnitee's separate counsel shall be at the Expense of the Company. 

        4.     Additional
Indemnification Rights; Nonexclusivity. 

        (a)   Scope.    The
Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not
specifically authorized by the other provisions of this Agreement, the Company's Certificate of Incorporation, the Company's 

4

 

Bylaws
(as now or hereafter in effect) or by statute. In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a Delaware
corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the
greater benefits afforded by such change. In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its board of
directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this
Agreement or the parties' rights and obligations hereunder except as set forth in Section 9(a) hereof. 

        (b)   Nonexclusivity.    The
indemnification provided by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under the Company's
Certificate of Incorporation, its Bylaws (as now hereafter in effect), any other agreement, any vote of stockholders or disinterested directors, the General Corporation Law of the State of Delaware,
or otherwise. The indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though Indemnitee may
have ceased to serve in such capacity. 

        5.     No
Duplication of Payments.    The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to
the extent Indemnitee has otherwise actually received payment (under any insurance policy, provision of the Company's Certificate of Incorporation, Bylaw (as now or hereafter in effect) or otherwise)
of the amounts otherwise indemnifiable hereunder. 

        6.     Partial
Indemnification.    If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses
incurred in connection with any Claim, but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee
is entitled. 

        7.     No
Imputation.    The knowledge or actions, or failure to act, of any director, officer, agent or employee of the Company or the Company itself shall not be
imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

        8.     Liability
Insurance.    For the duration of Indemnitee's service as a director or officer or other agent of the Company, and thereafter for so long as
Indemnitee shall be subject to any pending or possible Claim by reason of any Indemnifiable Event, the Company shall use commercially reasonable efforts (taking into account the scope and amount of
coverage available relative to the cost thereof) to cause to be maintained in effect policies of liability insurance providing coverage for directors and officers of the Company that are at least
substantially comparable in scope and amount to that provided by the Company's current policies of directors' and officers' liability insurance. To the extent the Company maintains liability insurance
applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are provided
to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company's officers, if Indemnitee is not a director of the Company but is an officer; or of the
Company's key employees, agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee, agent or fiduciary. 

        9.     Exceptions.    Notwithstanding
any other provision of this Agreement, the Company shall not be obligated pursuant to the terms of this Agreement: 

        (a)   Excluded
Action or Omissions.    To indemnify Indemnitee for acts, omissions or transactions if a final decision by a court having jurisdiction in the matter
shall determine that such indemnification is prohibited by applicable law. 

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        (b)   Claims
Initiated by Indemnitee.    To indemnify or advance Expenses to Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not
by way of defense, except (i) with respect to actions or proceedings brought to establish or enforce a right to indemnification under this Agreement or any other agreement or insurance policy
or under the Company's Certificate of Incorporation or Bylaws now or hereafter in effect relating to Claims for Indemnifiable Events, (ii) in specific cases if the Board of Directors has
approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145 of the Delaware General Corporation Law, regardless of whether Indemnitee ultimately
is determined to be entitled to such indemnification, advance Expense payment or insurance recovery, as the case may be. 

        (c)   Lack
of Good Faith.    To indemnify Indemnitee for any Expenses incurred by the Indemnitee with respect to any proceeding instituted by Indemnitee to enforce
or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous. 

        (d)   Claims
Under Section 16(b).    To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; provided that the Company shall
advance expenses in connection with Indemnitee's defense of a claim under Section 16(b), which advances shall be repaid to the Company if it is ultimately determined that Indemnitee is not
entitled to indemnification of such expenses. 

        10.   Period
of Limitations.    No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee,
Indemnitee's estate, spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action
of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period
of limitations is otherwise applicable to any such cause of action, such shorter period shall govern. 

        11.   Counterparts.    This
Agreement may be executed in one or more counterparts, each of which shall constitute an original. 

        12.   Binding
Effect; Successors and Assigns.    This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their
respective successors, assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company),
spouses, heirs and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to
all, substantially all, or a substantial part, of the business or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of
whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise at the Company's request. 

        13.   Attorneys'
Fees.    In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance policies maintained by the
Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee with respect to such action, regardless of whether
Indemnitee is ultimately successful in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless as a part of such action a court of competent jurisdiction
over such action determines that each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was frivolous. In the event of an action instituted by or
in the name of the Company under this Agreement 

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to
enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee in defense of such action (including costs and Expenses incurred
with respect to Indemnitee's counterclaims and cross-claims made in such action), and shall be entitled to the advancement of Expenses with respect to such action. 

        14.   Notice.    All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and signed for by the party addressed, on the date of such delivery, or (ii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day
after the date postmarked. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice. 

        15.   Consent
to Jurisdiction.    The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all
purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be commenced, prosecuted and
continued only in the Court of Chancery of the State of Delaware in and for New Castle County, which shall be the exclusive and only proper forum for adjudicating such a claim. 

        16.   Severability.    The
provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single
section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest
extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitations, each portion of this Agreement containing any provision held to
be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal
or unenforceable. 

        17.   Choice
of Law.    This Agreement shall be governed by and its provisions construed and enforced in accordance with the laws of the State of Delaware as applied
to contracts between Delaware residents entered into and to be performed entirely within the State of Delaware. 

        18.   Subrogation.    In
the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 

        19.   Amendment
and Termination.    Due to the uncertain application of any statutes of limitations that may govern any Claim, this Agreement shall be of indefinite
duration. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of
this Agreement shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. 

        20.   Integration
and Entire Agreement.    This Agreement sets forth the entire understanding between the parties hereto and supersedes and merges all previous
written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. If the Company and Indemnitee have previously entered into
an indemnification agreement providing for indemnification of Indemnitee by the Company, the parties' entry into this Indemnification Agreement shall be deemed to amend and restate such
Indemnification Agreement to read in its entirety as, and to be superseded by, this Indemnification Agreement. 

        21.   No
Construction as Employment Agreement.    Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained in the employ
of the Company or any of its subsidiaries or affiliated entities. 

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        IN
WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement as of the date first above written. 

	OMNEON VIDEO NETWORKS, INC.	 
	 	 	 
	 	 	 
	By:	    
	 
	 	 	 
	Title:	    
	 

	 	 	 
	Address:	 	965 Stewart Drive

Sunnyvale, CA 94085

	 	 	AGREED TO AND ACCEPTED
	 	 	 
	 	 	INDEMNITEE:
	 	 	 
	 	 	 
	 	 	
 (signature)
	 	 	 
	 	 	 
	 	 	
 (name of Indemnitee)
	 	 	 
	 	 	 
	 	 	

	 	 	 
	 	 	 
	 	 	
 (address)

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QuickLinks

Exhibit 10.04

OMNEON VIDEO NETWORKS, INC.

INDEMNIFICATION AGREEMENT

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