IMAGE ENTERTAINMENT, INC.
NONQUALIFIED STOCK OPTION AGREEMENT
This Nonqualified 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 a Nonqualified Stock Option under
the Plan. This Nonqualified Stock Option is subject to all of the terms and conditions as set forth herein and in the
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.
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 (the “Option Period”), subject to
earlier termination in accordance with the terms of the Plan and the Option Agreement, in accordance with the
following vesting schedule:
Notwithstanding anything in this Option Agreement to the contrary, the Committee, in its sole discretion, may
waive the foregoing schedule of vesting and upon written notice to Optionee, accelerate the earliest date or dates
on which any portion of the Option granted hereunder is exercisable.
Number of Shares Purchasable
(cumulative to the extent more than one Vesting Date is specified)
Section 4. Procedure for Exercise . The Optio