FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
THIS FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “ Amendment ”),
dated as of April 15, 2010, is entered into between WACHOVIA CAPITAL FINANCE CORPORATION
(WESTERN), a California corporation, as Agent and Lender (in such capacities, “ Lender ”), IMAGE
ENTERTAINMENT, INC., a Delaware corporation (“ Image ”), EGAMI MEDIA, INC., a Delaware
corporation (“ Egami ”, and together with Image, the “ Borrowers ”, and each a “ Borrower ”), and IMAGE
ENTERTAINMENT (UK), INC., a Delaware corporation (“ Guarantor ”).
A. Borrowers, Guarantor, Home Vision Entertainment, Inc., a Delaware corporation (“ Home
Vision ”) (which has since been merged with and into Image), and Lender have previously entered into that
certain Loan and Security Agreement dated May 4, 2007, as amended by that certain First Amendment to Loan
and Security Agreement dated as of April 28 2008, as amended by that certain Second Amendment to Loan and
Security Agreement dated as of June 23, 2009, as amended by that certain Third Amendment to Loan and
Security Agreement dated as of July 30, 2009, and as amended by that certain Fourth Amendment to Loan and
Security Agreement dated as of January 8, 2010 (as amended, the “ Loan Agreement ”), pursuant to which
Lender has made certain loans and financial accommodations available to Image. Terms used herein without
definition shall have the meanings ascribed to them in the Loan Agreement.
B. Borrowers and Guarantor have requested that Lender amend the Loan Agreement in certain
respects, including, without limitation, to designate Egami as a “Borrower” thereunder, and Lender is willing to
accommodate such request on the terms and conditions set forth herein.
C. Borrowers and Guarantor are entering into this Amendment with the understanding and
agreement that, except as specifically provided herein, none of Lender’s rights or remedies as set forth in the