Re: Amendment to Employment Agreement (November 14th, 2007)
As you know, you entered into an Employment Agreement with DivX, Inc. dated June 6, 2007 (the Agreement). The purpose of this letter is to set forth our mutual understanding regarding an amendment to the Agreement, the terms of which are set forth below. Except as specifically amended by this letter, the terms of the Agreement shall remain in full force and effect. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
June 6, 2007 Dan Halvorson 2938 Avenida Pimentera Carlsbad, CA 92009 Dan: (August 14th, 2007)
DivX, Inc. (DivX) is pleased to extend you an offer of employment for the position of CFO and SVP based in San Diego, CA. You will be expected to perform duties consistent with your position and will report to the CEO. DivX may, at its sole discretion, change your position, duties, and work location from time to time as it deems necessary.
MiFi (Novatel Wireless, Inc) – Credit Agreement (March 16th, 2006)
CREDIT AGREEMENT (this Agreement) is entered into as of December 29, 2005, among NOVATEL WIRELESS, INC., a Delaware corporation (Borrower), each lender from time to time party hereto (collectively, Lenders and individually, a Lender), and BANK OF AMERICA, N.A., as Administrative Agent and L/C Issuer.