IMAGE ENTERTAINMENT, INC.
INCENTIVE STOCK OPTION AGREEMENT
This Incentive Stock Option Agreement (“Option Agreement”) is between Image Entertainment, Inc., a
Delaware corporation (the “Company”), and (“Optionee”), who agree as follows:
Section 1. Introduction . The Company has heretofore adopted the Image Entertainment, Inc. 2008 Stock
Awards and Incentive Plan (the “Plan”). The Company, acting through the Committee (as defined in the Plan), has
determined that its interests will be advanced by the issuance to Optionee of an Incentive Stock Option under the
Plan. This Incentive Stock Option is subject to all of the terms and conditions as set forth herein and in the Plan.
Section 2. Option . Subject to the terms and conditions contained herein, the Company hereby grants to
Optionee the right and option (“Option”) to purchase from the Company shares of the Company’s
common stock, $0.0001 par value (“Stock”), at a price of $ per share, which is not less than the fair
market value of the Stock at the date of grant of this Option; provided, however, that if Optionee owns stock
possessing more than 10% of the total combined voting power of all classes of stock of the Company or of its
Parent Corporation or Subsidiary Corporation (as defined in the Plan), such price is not less than 110% of the fair
market value of the Stock at the date of grant of this Option. Though the Option is granted as an Incentive Stock
Option, the Company does not represent or warrant that the Option qualifies as such.
Section 3. Option Period . Beginning on (the “Date of Grant”), the Option herein granted may
be exercised by Optionee in whole or in part at any time during a ten-year period (a five-year period if Optionee
owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company
or of its Parent Corporation or Subsidiary Corporation) (the