AMENDMENT NUMBER FOUR
TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
This AMENDMENT NUMBER FOUR TO AMENDED AND RESTATED LOAN
AND SECURITY AGREEMENT (this “ Amendment ”) is entered into as of November 13, 2006, by
WELLS FARGO FOOTHILL, INC. , a California corporation (“ Lender ”), and IMAGE
ENTERTAINMENT, INC. , a Delaware corporation, f/k/a Image Entertainment, Inc., a California
corporation, (“ Borrower ”), with reference to the following:
WHEREAS , Borrower and Lender are parties to that certain Amended and Restated Loan and
Security Agreement, dated as of August 10, 2005 (as amended, restated, supplemented, or otherwise modified
from time to time, the “ Loan Agreement ”);
WHEREAS , Borrower has requested that Lender make certain amendments to the Loan
Agreement and grant a waiver of certain Events of Default that have occurred under the Loan Agreement; and
WHEREAS , subject to the terms and conditions set forth herein, Lender is willing to make the
amendments and grant the consents and waiver requested by Borrower.
NOW, THEREFORE , in consideration of the foregoing and the mutual covenants herein
contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:
1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to them in the Loan Agreement, as amended hereby.
2. Amendments to Loan Agreement .
(a) Section 1.1 of the Loan Agreement is hereby amended by adding the following
definitions in proper alphabetical order or amending and restating the following definitions, as the case may be:
““ Applicable Margin ” means 1.5%.
““ Business Day ” means any day that is not a Saturday, Sunday, or other day on
which banks are authorized or required to close in the State of California.”
““ Eligible Accounts ” means those Accounts, net of finance charge