THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of this 1st day of July, 1994,
by and between IMAGE ENTERTAINMENT INC., a California corporation ("Image"), and MARTIN W.
GREENWALD, an individual ("Executive").
A. Image is engaged in the business of licensing, manufacturing, promoting, marketing and selling laserdisc format
B. Executive has unique experience with respect to sales and marketing, management and other aspects of the
business of Image.
C. Executive desires to render to Image, on an exclusive basis, Executive's professional services with respect to
Executive's experience and abilities, and Image desires to secure, on an exclusive basis, Executive's services, on
the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto
agree as follows:
1. TERM OF AGREEMENT.
Except as otherwise expressly set forth herein, this Agreement shall remain in full force and effect for a 2-year
term commencing on the date hereof and ending on June 30, 1996 (the "Term"); provided, however, that unless
Executive receives written notice on or before June 30, 1995 that this Agreement will not be renewed at June 30,
1996 the Term will automatically extend to June 30, 1997. In the event of any additional extensions, Image must
give Executive at least 1 year's prior written notice if the Term will not be further extended.
Subject to the terms and conditions contained herein, Image hereby engages the services of Executive (the
"Services") and Executive hereby accepts such engagement and agrees to render Executive's Services to Image
for the Term. Executive shall report directly to the Image Board of Directors and shall have the title of "CHIEF
EXECUTIVE OFFICER, PRESIDENT & TREASURER.
a. EXTENT OF SERVICES AND DUTIES. Executive shall perform such duties, compatible with Executive's
position as an "Executive Officer"