Document:

exv10w7

Exhibit 10.7

SECOND AMENDMENT TO AMENDED AND RESTATED EXECUTIVE

SERVICES AGREEMENT

     This Second Amendment (the “Amendment”) to that certain Amended and Restated Executive
Services Agreement dated as of December 1, 2009, as amended (the “Employment Agreement”) by and
among Pain Cuit, Inc., a California corporation (“Lender”), Mark Gill (“Executive”) and The Film
Department Holdings LLC, a Delaware limited liability company (the “Company”), is made as of
January 1, 2010, and is entered into by and between Company, Lender and Executive.

     WHEREAS, Company, Lender and Executive have previously entered into the Employment Agreement;

     WHEREAS, Company, Lender and Executive have agreed to amend specific terms of the Employment
Agreement in accordance with the terms set forth below. All capitalized terms not defined herein
shall have the meanings ascribed to such terms in the Employment Agreement.

     NOW, THEREFORE, in consideration of the agreements made herein, the parties hereto agree as
follows:

     1. The Employment Agreement is hereby amended by deleting Section 4(c) in its entirety and
replacing it with the following:

“(c) Units. Pursuant to the LLC Agreement, the Lender is the record holder
of 617 Class H Units in the Company (“Class H Units”). One hundred percent
(100%) of the Class H Units shall vest as of January 1, 2010.”

     2. This Amendment is intended to comply with Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”) and the regulations and guidance promulgated thereunder
(collectively, “Code Section 409A”) and will be interpreted in a manner intended to comply with
Code Section 409A.

     3. This Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Delivery of an executed counterpart of a signature page hereto by facsimile or
other electronic transmission shall be effective as delivery of a manually executed counterpart
hereof.

     IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the date first above
written.

	 	 	 

	2nd Amendment to Amended and Restated Exec. Srvcs Agrmt.

	 	1

 

 

	 	 	 

	THE FILM DEPARTMENT HOLDINGS LLC
	 
	 	 
	/s/ Bernd Stephan
	 	 
	By: Bernd Stephan
	 	 
	Its: Chief Financial Officer

	 	/s/ Mark Gill
	 

	 	MARK GILL
	 
	 	 
	 

	 	PAIN CUIT, INC.
	 
	 	 
	 

	 	/s/ Mark Gill
	 

	 	By: Mark Gill
	 

	 	Its: Chief Executive Officer

	 	 	 

	2nd Amendment to Amended and Restated Exec. Srvcs Agrmt.

	 	2exv10w10

Exhibit 10.10

SECOND AMENDMENT TO AMENDED AND RESTATED EXECUTIVE

SERVICES AGREEMENT

     This Second Amendment (the “Amendment”) to that certain Amended and Restated Executive
Services Agreement dated as of December 1, 2009, as amended (the “Employment Agreement”) by and
among Sacker Consultants, Inc., a California corporation (“Lender”), Neil Sacker (“Executive”) and
The Film Department Holdings LLC, a Delaware limited liability company (the “Company”), is made as
January 1, 2010, and is entered into by and between Company, Lender and Executive.

     WHEREAS, Company, Lender and Executive have previously entered into the Employment Agreement;

     WHEREAS, Company, Lender and Executive have agreed to amend specific terms of the Employment
Agreement in accordance with the terms set forth below. All capitalized terms not defined herein
shall have the meanings ascribed to such terms in the Employment Agreement.

     NOW, THEREFORE, in consideration of the agreements made herein, the parties hereto agree as
follows:

     1. The Employment Agreement is hereby amended by deleting Section 4(d) in its entirety and
replacing it with the following:

“(c) Units. Pursuant to the LLC Agreement, the Lender is the record holder
of 466 Class H Units in the Company (“Class H Units”). One hundred percent
(100%) of the Class H Units shall vest as of January 1, 2010.”

     2. This Amendment is intended to comply with Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”) and the regulations and guidance promulgated thereunder
(collectively, “Code Section 409A”) and will be interpreted in a manner intended to comply with
Code Section 409A.

     3. This Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Delivery of an executed counterpart of a signature page hereto by facsimile or
other electronic transmission shall be effective as delivery of a manually executed counterpart
hereof.

	 	 	 

	2nd Amendment to Amended and Restated Exec. Srvcs Agrmt.

	 	1

 

 

     IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the date first above
written.

	 	 	 

	THE FILM DEPARTMENT HOLDINGS LLC
	 
	 	 
	/s/ Mark Gill

	 	/s/ Neil Sacker
	By: Mark Gill

	 	NEIL SACKER
	Its: Chief Executive Officer
	 	 
	 
	 	 
	 

	 	SACKER CONSULTANTS, INC.
	 
	 	 
	 

	 	/s/ Neil Sacker
	 

	 	By: Neil Sacker
	 

	 	Its: President

	 	 	 

	2nd Amendment to Amended and Restated Exec. Srvcs Agrmt.

	 	2exv10w11

Exhibit 10.11

THIRD AMENDMENT TO SECOND AMENDED AND RESTATED

EXECUTIVE SERVICES AGREEMENT

     This Third Amendment to Second Amended and Restated Executive Services Agreement (the
“Amendment”) is effective as of April 6, 2010, and is entered into by and between The Film
Department Holdings LLC, a Delaware limited liability company (the “Company”), Sacker Consultants,
Inc. (“Lender”) and Neil Sacker (the “Executive”).

     WHEREAS, Company, Lender and Executive have previously entered into a Executive Services
Agreement dated 6/25/07, an Amended and Restated Executive Services Agreement on 7/22/07, a first
Amendment to Employment Agreement dated 1/16/09, a Second Amendment to Employment Agreement dated
7/16/09, a third Amendment to Employment Agreement dated 7/16/09, a Fourth amendment to Employment
Agreement dated 9/1/09, an Amended and Restated Executive Services Agreement on 11/30/09, a First
Amendment to the Second Amended and Restated Executive Services Agreement on 1/11/10, a Second
Amendment to the Second Amended and Restated Executive Services Agreement (collectively, “the
Agreement”); and

     WHEREAS, the Company, Lender and Executive have agreed to amend specific terms of the
Agreement in accordance with the terms set forth below. All capitalized terms not defined herein
shall have the meanings ascribed to such terms in the Agreement.

     NOW, THEREFORE, in consideration of the agreements and collective amendments made herein, the
parties hereto agree as follows:

     1. Compensation.

          (a) Compensation. Per the terms of the Agreement, Executive’s Base Compensation is
currently $540,000 (“Current Compensation”). Notwithstanding the foregoing, in the event of the
occurrence of the initial public offering or other financing transaction sufficient to enable the
Company to launch and operate a U.S. theatrical distribution company (“Distribution Company
Launch”) as contemplated and as set forth in the business plan of The Film Department dated
November 6, 2009, Executive’s annualized Base Compensation shall, in lieu of Executive’s Current
Base Compensation,

	 	 	 

	3rd Amend. to 2nd Amend and Restated Exec. Srvs. Agreement

	 	1

 

 

thereafter be an amount equal to $600,000 commencing the first full day following the Distribution
Company Launch.

          (b) Guaranteed Deferred Compensation. In the event of Distribution Company Launch,
Company shall pay or cause to be paid to Executive, guaranteed bonus compensation of $50,000 per
year during the Engagement Term commencing after Distribution Company Launch (“Deferred Bonus”).
The Deferred Bonus shall be paid each year in quarterly installments on the 3rd, 6th, 9th and 12th
month anniversary following Distribution Company Launch.

     3. Remaining Provisions. The parties expressly agree and acknowledge that all
provisions of the Agreement except those amended by this Amendment shall remain unchanged and in
full force and effect.

     IN WITNESS WHEREOF, the parties have duly executed this Addendum as of the date first above
written.

	 	 	 

	THE FILM DEPARTMENT
	 	 
	HOLDINGS LLC
	 	 
	 
	 	 
	/s/ Mark Gill

	 	/s/ Neil Sacker
	By: Mark Gill

	 	Neil Sacker
	Its: Chief Executive Officer
	 	 
	 
	 	 
	 

	 	SACKER CONSULTANTS, INC.
	 
	 	 
	 

	 	/s/ Neil Sacker
	 

	 	By:Neil Sacker
	 

	 	Its:President

	 	 	 

	3rd Amend. to 2nd Amend and Restated Exec. Srvs. Agreement

	 	2exv10w14

Exhibit 10.14

SECOND AMENDMENT TO AMENDED AND RESTATED EXECUTIVE

SERVICES AGREEMENT

     This Second Amendment (the “Amendment”) to that certain Amended and Restated Executive
Services Agreement dated as of December 1, 2009, as amended (the “Employment Agreement”) by and
among Chateau Holdings, Inc., an Idaho corporation (“Lender”), Robert Katz (“Executive”) and The
Film Department Holdings LLC, a Delaware limited liability company (the “Company”), is made as of
January 1, 2010, and is entered into by and between Company, Lender and Executive.

     WHEREAS, Company, Lender and Executive have previously entered into the Employment Agreement;

     WHEREAS, Company, Lender and Executive have agreed to amend specific terms of the Employment
Agreement in accordance with the terms set forth below. All capitalized terms not defined herein
shall have the meanings ascribed to such terms in the Employment Agreement.

     NOW, THEREFORE, in consideration of the agreements made herein, the parties hereto agree as
follows:

     1. The Employment Agreement is hereby amended by deleting Section 4(c) in its entirety and
replacing it with the following:

“(c) Units. Pursuant to the LLC Agreement, the Lender is the record holder
of 277 Class H Units in the Company (“Class H Units”). One hundred percent
(100%) of the Class H Units shall vest as of January 1, 2010.”

     2. This Amendment is intended to comply with Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”) and the regulations and guidance promulgated thereunder
(collectively, “Code Section 409A”) and will be interpreted in a manner intended to comply with
Code Section 409A.

     3. This Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Delivery of an executed counterpart of a signature page hereto by facsimile or
other electronic transmission shall be effective as delivery of a manually executed counterpart
hereof.

     IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the date first above
written.

	 	 	 

	2nd Amendment to Amended and Restated Exec. Srvcs Agrmt.

	 	1

 

 

	 	 	 

	THE FILM DEPARTMENT HOLDINGS LLC
	 
	 	 
	/s/ Mark Gill

	 	/s/ Robert Katz
	By: Mark Gill

	 	ROBERT KATZ
	Its: Chief Executive Officer
	 	 
	 
	 	 
	 

	 	CHATEAU HOLDINGS, INC.
	 
	 	 
	 

	 	/s/ Robert Katz
	 

	 	By: Robert Katz
	 

	 	Its: Chief Executive Officer

	 	 	 

	2nd Amendment to Amended and Restated Exec. Srvcs Agrmt.

	 	2

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