Exhibit 10.6

 

ASSIGNMENT AND JOINDER

 

This ASSIGNMENT AND JOINDER (“Agreement”) is dated April 14, 2010 by and among
the Assignors listed on the signature page hereto (“Assignors”) and the
Assignees listed on the signature page hereto (“Assignees”).

 

RECITAL

 

WHEREAS, pursuant to Stock Purchase Agreements dated as of April 12, 2010 among
the parties hereto (the “Purchase Agreements”), Assignors have agreed to sell to
Assignees, and Assignees have agreed to purchase, shares of Series C Convertible
Preferred Stock (the “Transferred Shares”) of Image Entertainment, Inc. (the
“Company”).

 

WHEREAS, in connection with the purchase and sale of the Transferred Shares,
Assignors have agreed to assign to Assignees certain rights under the
Registration Rights Agreement dated January 8, 2010 among the Company, Assignors
and JH Partners, LLC, as Investor Representative (the “Registration Rights
Agreement”), and Assignees have agreed to assume certain obligations thereunder.

 

AGREEMENT

 

ACCORDINGLY, the parties agree as follows:

 

SECTION 1.  Assignment of Registration Rights.  In accordance with
Section 11(d) of the Registration Rights Agreement, Assignors assign, transfer
and convey to Assignees as of the date hereof their rights under the
Registration Rights Agreement pertaining to the Transferred Shares such that the
shares of the Company’s common stock issuable upon conversion of such
Transferred Shares shall be “Registrable Securities” under the Registration
Rights Agreement and Assignees shall be “Investors” thereunder.

 

SECTION 2.  Assumption of Obligations.  Assignees hereby unconditionally and
irrevocably assume all of the duties and obligations of Assignors hereafter
accruing or arising under the Registration Rights Agreement related to the
Transferred Shares.  Assignees confirm that as of the date hereof they shall be
deemed parties to the Registration Rights Agreement as “Investors,” and
Assignees agree to be bound by all the terms of, and to undertake all such
obligations of, Investors under such agreement.

 

SECTION 6.  Miscellaneous.  Each party to this Agreement shall execute and
deliver such instruments, documents and other written information and take such
other actions as the other parties may reasonably require in order to carry out
the intent of this Agreement.  This Agreement and all the provisions hereof
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns.  This Agreement may be executed in one or
more counterparts, all of which taken together shall constitute one instrument. 
The laws of Delaware shall govern the validity and interpretation hereof and the
performance of the parties hereto of their respective duties and obligations.

 

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement.

 

 

ASSIGNORS:

 

 

 

JH PARTNERS EVERGREEN FUND, LP

 

a Delaware limited partnership

 

 

 

By:

JH Investment Management III, LLC

 

Its:

General Partner

 

 

 

By:

/s/ JOHN C. HANSEN

 

 

Name:

John C. Hansen

 

 

Its:

Managing Member

 

 

 

 

 

JH INVESTMENT PARTNERS III, LP,

 

a Delaware limited partnership

 

 

 

By:

JH Investment Management, LLC

 

Its:

General Partner

 

 

 

By:

/s/ JOHN C. HANSEN

 

 

Name:

John C. Hansen

 

 

Its:

Managing Member

 

 

 

 

 

JH INVESTMENT PARTNERS GP FUND III, LLC

 

 

 

By:

JH Investment Management, LLC

 

Its:

Manager

 

 

 

By:

/s/ JOHN C. HANSEN

 

 

 

Name:

John C. Hansen

 

 

 

Its:

Managing Member

 

 

SIGNATURE PAGE TO ASSIGNMENT AND JOINDER

 

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ASSIGNES:

 

 

 

 

 

/s/ THEODORE S. GREEN

 

Theodore S. Green

 

 

 

 

 

/s/ JOHN AVAGLIANO

 

John Avagliano

 

 

 

 

 

PRODUCERS SALES ORGANIZATION

 

 

 

By:

/s/ JOHN HYDE

 

 

 

Name:

John Hyde

 

 

 

Its:

VP

 

 

 

 

 

/s/ RAY GAGNON

 

Ray Gagnon

 

 

SIGNATURE PAGE TO ASSIGNMENT AND JOINDER

 

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Acknowledged:

 

 

 

IMAGE ENTERTAINMENT, INC.,

 

a Delaware corporation

 

 

 

 

 

By:

/s/ THEODORE S. GREEN

 

 

 

 

Its:

Theodore S. Green

 

 

 

SIGNATURE PAGE TO ASSIGNMENT AND JOINDER

 

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