AMENDMENT #1 TO
EMPLOYMENT AGREEMENT DATED JULY 1, 1994
Reference is made to that certain Employment Agreement dated as of July 1, 1994 (the "Agreement"), by and
between Image Entertainment, Inc., a California corporation ("Image"), and Martin W. Greenwald, an individual
("Executive"). All defined terms not defined herein will have the meanings set forth in the Agreement.
1. EFFECTIVE DATE. All of the terms and conditions of this Amendment will be applicable commencing on
and effective as of July 1, 1995 (the "Effective Date").
2. TERM OF AGREEMENT. Paragraph 1 of the Agreement is hereby amended to the following extent:
a. The words "a 2-year term" in line 2 are replaced by the words "the period."
b. The words "June 30, 1996" in line 2 and line 4 are replaced by the words "June 30, 1998."
c. The words "June 30, 1995" in line 3 are replaced by the words "June 30, 1997."
d. The words "June 30, 1997" in line 5 are replaced by the words "June 30, 1999."
3. BASE SALARY AND PERSONAL EXPENSES. Paragraph 3(a) and Paragraph 5(b)(ii) of the Agreement
are hereby amended to the following extent:
a. For each year of the Term, commencing on the Effective Date, Executive will receive a 5% increase to
Executive's then base salary and a 5% increase to Executive's then personal expense allocation.
4. GENERAL PROVISIONS.
a. Headings. Article and paragraph headings, as used in this Amendment, are for convenience only and are not a
part hereof, and will not be used to interpret any provision of this Amendment or the Agreement.
b. Integration. The parties hereby acknowledge and agree that the Agreement as amended hereby constitutes the
entire agreement between the parties with respect to the subject matter hereof.
c. Severability. In the event that any provision of the Agreement as amended hereby will be held invalid or
unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed
to have any effect on, the remaining provisi