Document:

exv10w1

 

EXHIBIT 10.1

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (the “Amendment”) is entered into as of March
29, 2007, by and between IMAGE ENTERTAINMENT, INC., a Delaware corporation (“Image”), and
MARTIN W. GREENWALD, an individual (“Executive”), with respect to that certain Employment
Agreement, dated April 1, 2004 by and between Image and Executive (the “Agreement”).

The following shall amend the Agreement currently in effect as set forth herein. Except as
modified by this Amendment, the Agreement shall remain in full force and effect. Capitalized terms
used herein and not otherwise defined shall have the meaning set forth in the Agreement.

1. Amendment of Paragraph 7. The first clause of the second sentence of Paragraph 7
shall be amended to replace March 31, 2007 with May 31, 2007 such that the amended sentence shall
read as follows:

“The second one year option must be exercised by Image by May 31, 2007, in the same manner
described above, to extend the term from April 1, 2008 to March 31, 2009.”

2. Amendment of Paragraph 13. The first sentence of Subsection (a)of Paragraph 13
shall be amended to read as follows:

“If (1) this Agreement is terminated by Image prior to expiration of the Term for any reason
other than (a) pursuant to Paragraph 10 (Death) or 11 (Permanent Disability/Suspension), (b) for
Cause or (c) pursuant to Paragraph 14 (Executive’s Right to Terminate for Good Reason) and if such
termination occurs after a Change in Control, Executive shall be entitled to receive all of the
compensation, rights and benefits described in Paragraphs 3(a) and (b), 4 and 5 for a period of one
year following the effective date of termination, or through the expiration of the Term, whichever
is longer, and the severance described in Paragraph 6, as if this Agreement were in full force and
effect.”

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be duly
executed as of the day and year first written above.

	 	 	 	 	 
	 	ACCEPTED AND AGREED:

IMAGE ENTERTAINMENT, INC.

 	 
	 	By:  	/s/ Dennis Hohn Cho
 	 
	 	 	Name:  	Dennis Hohn Cho 	 
	 	 	Title:  	Senior Vice President, General Counsel and

Corporate Secretary 	 
	 

	 	 	 	 	 
	 	 	 
	 	     /s/ Martin W. Greenwald
 	 
	 	Martin W. Greenwaldexv10w2

 

EXHIBIT 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (the “Amendment”) is entered into as of March
29, 2007, by and between IMAGE ENTERTAINMENT, INC., a Delaware corporation (“Image”), and
DAVID BORSHELL, an individual (“Executive”), with respect to that certain Employment
Agreement, dated April 1, 2004 by and between Image and Executive (the “Agreement”).

The following shall amend the Agreement currently in effect as set forth herein. Except as
modified by this Amendment, the Agreement shall remain in full force and effect. Capitalized terms
used herein and not otherwise defined shall have the meaning set forth in the Agreement.

1. Amendment of Paragraph 7. The first clause of the second sentence of Paragraph 7
shall be amended to replace March 31, 2007 with May 31, 2007 such that the amended sentence shall
read as follows:

“The second one year option must be exercised by Image by May 31, 2007, in the same manner
described above, to extend the term from April 1, 2008 to March 31, 2009.”

2. Amendment of Paragraph 13. The first sentence of Subsection (a)of Paragraph 13
shall be amended to read as follows:

“If (1) this Agreement is terminated by Image prior to expiration of the Term for any reason
other than (a) pursuant to Paragraph 10 (Death) or 11 (Permanent Disability/Suspension), (b) for
Cause or (c) pursuant to Paragraph 14 (Executive’s Right to Terminate for Good Reason) and if such
termination occurs after a Change in Control, Executive shall be entitled to receive all of the
compensation, rights and benefits described in Paragraphs 3(a) and (b), 4 and 5 for a period of one
year following the effective date of termination, or through the expiration of the Term, whichever
is longer, and the severance described in Paragraph 6, as if this Agreement were in full force and
effect.”

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be duly
executed as of the day and year first written above.

	 	 	 	 	 
	 	ACCEPTED AND AGREED:

IMAGE ENTERTAINMENT, INC.

 	 
	 	By:  	/s/ Dennis Hohn Cho
 	 
	 	 	Name:  	Dennis Hohn Cho 	 
	 	 	Title:  	Senior Vice President, General Counsel

and Corporate Secretary 	 
	 

	 	 	 	 	 
	 	 	 
	 	     /s/ David Borshell
 	 
	 	David Borshellexv10w3

 

EXHIBIT 10.3

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (the “Amendment”) is entered into as of March
29, 2007, by and between IMAGE ENTERTAINMENT, INC., a Delaware corporation (“Image”), and
JEFF FRAMER, an individual (“Executive”), with respect to that certain Employment
Agreement, dated April 1, 2004 by and between Image and Executive (the “Agreement”).

The following shall amend the Agreement currently in effect as set forth herein. Except as
modified by this Amendment, the Agreement shall remain in full force and effect. Capitalized terms
used herein and not otherwise defined shall have the meaning set forth in the Agreement.

1. Amendment of Paragraph 7. The first clause of the second sentence of Paragraph 7
shall be amended to replace March 31, 2007 with May 31, 2007 such that the amended sentence shall
read as follows:

“The second one year option must be exercised by Image by May 31, 2007, in the same manner
described above, to extend the term from April 1, 2008 to March 31, 2009.”

2. Amendment of Paragraph 13. The first sentence of Subsection (a)of Paragraph 13
shall be amended to read as follows:

“If (1) this Agreement is terminated by Image prior to expiration of the Term for any reason
other than (a) pursuant to Paragraph 10 (Death) or 11 (Permanent Disability/Suspension), (b) for
Cause or (c) pursuant to Paragraph 14 (Executive’s Right to Terminate for Good Reason) and if such
termination occurs after a Change in Control, Executive shall be entitled to receive all of the
compensation, rights and benefits described in Paragraphs 3(a) and (b), 4 and 5 for a period of one
year following the effective date of termination, or through the expiration of the Term, whichever
is longer, and the severance described in Paragraph 6, as if this Agreement were in full force and
effect.”

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be duly
executed as of the day and year first written above.

	 	 	 	 	 
	 	ACCEPTED AND AGREED:

IMAGE ENTERTAINMENT, INC.

 	 
	 	By:  	/s/ Dennis Hohn Cho
 	 
	 	 	Name:  	Dennis Hohn Cho 	 
	 	 	Title:  	Senior Vice President, General Counsel

and Corporate Secretary 	 
	 

	 	 	 	 	 
	 	 	 
	 	     /s/ Jeff Framer
 	 
	 	Jeff FramerExhibit 10.2

    EXHIBIT
      10.2

    
      CONSULTING
        AGREEMENT DATED JANUARY 1, 2006 BETWEEN ECCO ENERGY CORP. AND MICHAEL WITTENBURG
        
        
          

        

      

    

     

    CONSULTING
      AGREEMENT

    

    THIS
      AGREEMENT is entered into as of January 1, 2006, by MICHAEL
      WITTENBURG
      (the
“Consultant”) and SAMURAI
      ENERGY CORP.,
      a
      Delaware corporation (the “Company”)

     

    
      	1.  	
              Term
                of Agreement.

            

    

    

    a) Termination
      Upon Notice.
      This
      Agreement may be terminated at any time by the Consultant or by the Company
      by
      giving the other party (5) days advance notice in writing. Provided, however,
      that Consultant shall be entitled to receive all compensation earned pursuant
      to
      Paragraph 5, below, related to services performed prior to
      termination.

    

    b) Expiration
      Date. This
      Agreement shall terminate on December 31, 2006, if not terminated earlier under
      Subsection (a) above.

    

    c) Fees
      and Expenses. Upon
      the
      termination of this Agreement under Subsection (a) or (b) above, the Consultant
      shall be entitled to the accrued and earned portion of his or her fee incurred
      before the termination becomes effective.

    

    
      	2.  	
              Scope
                of Services.

            

    

    

    The
      Consultant shall perform certain mutually agreed services for the Company,
      including general business matters and other business consulting. It is
      anticipated that the Consultant will devote whatever amount of time is
      reasonably necessary in furtherance of his performance of services for the
      Company, such services not to unreasonably interfere with Consultant’s other
      business activities.

    

    
      	3.  	
              Work
                for Others.

            

    

    

    The
      Company recognizes and agrees that the Consultant is performing services as
      described in Section 2 for others as well as for the Company and that such
      services for others do not represent a conflict of interest or a breach of
      the
      Consultant’s fiduciary duty.

    

    
      	4.  	
              The
                Consultant’s Fees and
                Expenses.

            

    

    

    
      	a)  	
              The
                Company shall pay the Consultant as a fee for his services under
                this
                Agreement (the “Consulting Fee”) Forty Thousand (40,000) shares (the
                “Shares”) of the Company’s common stock (“Common Stock”). The Consulting
                Fee shall be fully earned and non-refundable in consideration of
                the
                Consultant’s execution of this
                Agreement.

            

    

    

    
      	b)  	
              As
                soon as legally possible following the execution of this Agreement,
                the
                Company shall cause the Shares to be issued to Consultant under the
                Samurai Energy, Corp. Employee Benefit Plan that is registered under
                the
                Securities Act of 1933, as amended, pursuant to a registration statement
                on form S-8 then in effect. The certificates representing the Shared
                shall
                not contain any restrictive legends. In connection with the issuance
                of
                the Shares to the Consultant, the Consultant hereby represents and
                warrants to the Company that the Consultant is an “accredited investor” as
                defined by paragraph (a) of SEC Rule
                501.

            

    

    

    
      	c)  	
              The
                Company shall issue the certificates representing the Shares free
                and
                clear of any legend, restriction or stop order, and deliver the shares,
                so
                registered, to the Consultant. The Company warrants that the Shares
                shall
                be freely transferable on the books and records of the Company. Nothing
                in
                this Section 4 (c) shall effect in any way the Consultant’s obligations
                and agreement to comply with all applicable securities laws upon
                resale of
                the Shares. The Company acknowledges that a breach by it of its
                obligations hereunder will cause irreparable harm to Consultant by
                violating the intent and purpose of the transaction contemplated
                hereby.
                Accordingly, the Company acknowledges that the remedy at law for
                a breach
                by it of its obligations under this Section 4 (c) will be inadequate
                and
                agrees, in the event of a breach or threatened breach by the Company
                of
                its provisions of this Section 4 (c), that Consultant shall be entitled,
                in addition to all other available remedies, to an injunction restraining
                any breach and requiring immediate issuance and transfer, without
                the
                necessity of showing economic loss and without any bond or other
                security
                being required.

            

    

    

    
      	d)  	
              The
                Shares delivered to the Consultant for his services under this Agreement
                shall include the Consultant’s costs and expenses incurred in the
                performance of this Agreement, including travel, lodging, meals and
                legal
                fees.

            

    

    

    
      	5.  	
              No
                Employee Benefits.

            

    

    

    The
      Consultant shall not be eligible to participate in any of the Company’s employee
      benefit plans, fringe benefit programs, group insurance arrangements or similar
      programs.

    

    
      	6.  	
              Independent
                Contractor.

            

    

    

    In
      performing services for the Company pursuant to this Agreement, the Consultant
      shall act in the capacity of an independent contractor with respect to the
      Company and not as an employee of the Company. As an independent contractor,
      the
      Consultant shall accept any directions issued by the Company pertaining to
      the
      goals to be attained and the results to be achieved by him or her but shall
      be
      solely responsible for the manner and hours in which he or she will perform
      his
      or her services under this Agreement.

    

    
      	7.  	
              Compliance
                With Legal Requirements.

            

    

    

    The
      Company shall not provide workers’ compensation, disability insurance, Social
      Security or unemployment compensation coverage nor any other statutory benefits
      to the Consultant. The Consultant shall comply at his or her expense with all
      applicable provisions of workers’ compensation laws, unemployment compensation
      laws, federal Social Security law, the Fair Labor Standards Act, federal, state
      and local income tax laws, and all other applicable federal, state and local
      laws, regulations and codes relating to terms and conditions of employment
      required to be fulfilled by employers or independent contractors.

    

    
      	8.  	
              Nondisclosure.

            

    

    

    During
      the term of this Agreement and thereafter, the Consultant shall not, without
      the
      prior written consent of the Company, disclose or use for any purpose (except
      in
      the course of his or her service under this Agreement and in furtherance of
      the
      business of the Company) confidential information or proprietary data of the
      Company, except as required by applicable law or legal process; provided,
      however, that “confidential information” shall not include any information known
      generally to the public or ascertainable from public or published information
      (other than as a result of unauthorized disclosure by the Consultant) or any
      information of a type not otherwise considered confidential by persons engaged
      in the same business or a business similar to that conducted by the Company.
      The
      Consultant agrees to deliver to the Company at the termination of his or her
      service, or at any other time that the Company may request, all memoranda,
      notes, plans, records, reports and other documents (and copies thereof) relating
      to the business of the Company which he or she may then possess or have under
      his or her control.

    

    
      	9.  	
              Miscellaneous
                Provisions.

            

    

    

    
      	a)  	
              Notice.
                Notices and all other communications contemplated by this Agreement
                shall
                be in writing and shall be deemed to have been duly given when personally
                delivered or when mailed by U.S. certified mail, return receipt requested
                and postage prepaid. In te case of the Consultant. Mailed notices
                shall be
                addressed to him at the address which he most recently communicates
                to the
                Company in writing. In the case of the Company, mailed notices shall
                be
                addressed to its corporate headquarters, and all notices shall be
                directed
                to the attention of Samuel M.
                Skipper.

            

    

    

    
      	b)  	
              Waiver.
                No
                Provision of this Agreement shall be modified, waived or discharged
                unless
                the modification, waiver or discharge is agreed to in writing and
                signed
                by the Consultant and by an authorized officer of the Company. No
                waiver
                by either party or any breach of, compliance with, any condition
                or
                provision of this Agreement by the other party shall be considered
                a
                waiver of any other condition or provision or of the same condition
                or
                provision at another time.

            

    

    

    
      	c)  	
              Whole
                Agreement. No
                agreements, representations or understandings (whether oral or written
                and
                whether express or implied) which are not expressly set forth in
                this
                Agreement have been made or entered into by either party with respect
                to
                the subject matter hereof.

            

    

    

    
      	d)  	
              Choice
                of Law.
                The validity, interpretation, construction and performance of this
                Agreement shall be governed by the laws of the State of Texas, without
                regard to Texas’ choice of law
                rules.

            

    

    

    
      	e)  	
              Arbitration
                and Venue.
                In
                the event of any dispute(s) (as defined herein below) arising out
                of or
                relating to this contract, or the breach thereof, the parties agree
                to
                participate in at least four (4) hours of mediation in accordance
                with the
                commercial mediation rules of the American Arbitration Association
                before
                having recourse to arbitration. If the mediation procedure provided
                for
                herein does not resolve any such dispute, the parties agree that
                all
                disputes between the parties shall be resolved solely by binding
                arbitration administered by the American Arbitration Association
                in
                accordance with its commercial arbitration rules pursuant to the
                Federal
                Arbitration Act, 9 US.C. Sections 1-14 (in the event this act shall
                be
                held to be inapplicable, then the provisions of the Texas General
                Arbitration Act shall apply.) Judgment upon the award rendered by
                the
                arbitrator may be entered in any Court having jurisdiction. The term
                “dispute(s)” shall include, but is not limited to all claims, demands and
                cases of action of any nature, whether in contract or in tort, at
                law or
                in equity, or arising under or by virtue of any statute or regulation
                or
                judicial reasons, that are now recognized by law or that may be created
                or
                recognized in the future, for resulting past, present and future
                personal
                injuries, contract damages, intentional and/or malicious conduct,
                actual
                and/or constructive fraud, statutory and/or common law fraud, class
                action
                suit, misrepresentations of any kind and/or character, liable, slander,
                negligence, gross negligence, and/or deceptive trade practices/consumer
                protections act damages, all attorney’s fees, all penalties of any kind,
                prejudgment interest and costs of court by virtue of the matters
                alleged
                and/or matters arising between the parties. The award of the arbitrator
                issued pursuant herein shall be final, binding and non-appealable.
                The
                parties hereby waive any rights to punitive or exemplary or punitive
                damages to either party. Venue for any mediation or arbitration provided
                for by these provisions shall be Harris County, Texas. Notwithstanding
                anything to the contrary in the aforementioned arbitration rules,
                no
                arbitration shall exceed a total of twelve (12) hours per dispute
                unless
                extended by mutual signed, written agreement of the parties. Any
                suit for
                injunctive relief brought to protect the assets at issue pending
                resolution pursuant to this paragraph shall be brought in a court
                of
                competent jurisdiction in Harris County,
                Texas.

            

    

    

    f) Severability. The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision hereof, which
      shall
      remain in full force and effect.

    

    g) Assignment
      and Successors.  Neither
      party shall assign any right or delegate any obligation hereunder without the
      other party’s written consent, and any purported assignment or delegation by a
      party hereto without the other party’s written consent shall be void. This
      Agreement shall be binding upon and inure to the benefit of the Company and
      its
      successors and the Consultant, his heirs, successors, executors, administrators
      and legal representatives.

    

    IN
      WITNESS WHEREOF, each of the parties has executed this Agreement, in the case
      of
      the Company by its duly authorized officer.

    

    

      
        	
                CONSULTANT

              	 	
                SAMURAI
                  ENERGY CORP.

                 

                 

              
	
                /s/
                  Michael Wittenburg

              	 	
                /s/
                  Samuel M. Skipper

              
	
                Michael
                  Wittenburg

              	 	
                Samuel
                  M. Skipper

              
	
                3335
                  Country Club

              	 	
                President/C.E.O.

              
	
                Stafford,
                  Texas 77477

              	 	
                11757
                  Katy Freeway, Suite 1300

              
	
                SS#:
                  __________________

              	 	
                Houston,
                  Texas 77079

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