Document:

Filed by Bowne Pure Compliance

Exhibit 10.26

SETTLEMENT AGREEMENT AND RELEASE OF CLAIMS

This Settlement Agreement and Mutual Release of Claims (“Settlement Agreement”) is made as of
March 18, 2008, by and between Jeffrey Fink (“Fink”), on the one hand, and Image Entertainment,
Inc. (“Image”), on the other hand. Fink and Image sometimes collectively will be referred to as
the “Parties.”

This Settlement Agreement is based upon the following facts:

RECITALS

A. On or about January 22, 2007, Image and Fink entered into an Employment Agreement pursuant
to which Image hired Fink as its Chief Marketing Officer (the “Employment Agreement”).

B. Fink worked for Image from on or about January 22, 2007, through June 28, 2007 (the
“Employment”), when Image terminated Fink (the “Termination”).

C. Image and Fink dispute whether Image’s termination of Fink was “for cause” within the
meaning of the Employment Agreement.

D. Fink contends that Image owes him additional monies under and pursuant to the terms of the
Employment Agreement which claims are the subject of a Petition for Binding Arbitration filed by
Fink with Alternative Dispute Resolution Services, entitled Jeffrey Fink v. Image
Entertainment, ADRS Case No. 07-5613-JZ (the “Arbitration”). Image has responded to the
Petition and denied all material claims set forth therein.

E. It is the desire of the Parties hereto to settle all claims which exist between them
arising out of the Employment Agreement, the Employment, the Termination, the Arbitration and any
other matter.

 

Page 1 of 11

 

NOW, THEREFORE in consideration of the mutual promises and conditions contained herein, and
for valuable consideration, the adequacy and sufficiency of which are hereby acknowledged, the
Parties hereto agree as follows:

1. Settlement. In consideration for signing this Agreement and in exchange for
the promises, covenants and waivers set forth herein, Respondents will pay Fink the total amount of
Three Hundred and Thirty Five Thousand Dollars ($335,000.00) (hereinafter, the “Settlement
Payment”) provided that Fink does not exercise his right to revoke described in Paragraph 22 of
this Agreement. This Agreement will not be deemed effective until the revocation period described
in Paragraph 22 has expired. The Settlement Payment is the full and final settlement of all
matters (whether known or not known to, or capable of being known by Fink) alleged in the Action,
including those matters arising out of Fink’s employment with Image, and termination of his
employment. The Settlement Payment will be allocated as follows: (a)
Two Hundred Seventy Five Thousand Dollars ($275,000) of the settlement shall be
for wages, payable to Jeffrey Fink; (b) Sixty Thousand Dollars ($60,000) payable as attorneys fees
and costs, payable to Jeffrey Fink. Appropriate IRS Forms 1099 will be issued for the payment of
attorneys fees in the amount of Sixty Thousand Dollars ($60,000) and Image will make all
appropriate state and federal withholdings and deductions from the Two Hundred Seventy Five
Thousand Dollars ($275,000) allocated as wages.

The Settlement Payment checks will be given to Fink’s counsel immediately after the revocation
period described in Paragraph 22 expires and on the condition that Fink does not revoke the
Agreement within seven (7) days following
receipt by defense counsel of this Agreement executed by Fink and his counsel.

 

Page 2 of 11

 

Fink represents, warrants and acknowledges that Image does not owe any wages, commissions,
bonuses, sick pay, personal leave pay, severance pay, notice pay, vacation pay, or other
compensation or benefits or payments or form of remuneration of any kind or nature, other than that
specifically provided for in this Agreement.

2. Dismissal of Arbitration. As soon as the settlement checks clear the issuing bank,
Fink shall withdraw his Petition for Arbitration, dismissing with prejudice the Action.

3. Mutual Release. Except for the obligations imposed by this Settlement Agreement,
Fink, on behalf of himself, his employees, agents, authorized representatives, and assigns, hereby
releases Image, its predecessors-in-interest, successors-in-interest, officers, directors,
shareholders, employees, agents, authorized representatives, attorneys and assigns from any and all
claims and demands which he has against them of any kind whatsoever, whether known or unknown,
which he asserted or could have asserted, including but not limited to those claims arising out of
or relating to the Employment Agreement, the Employment, the Termination, the Arbitration, any
claims which could have been raised therein or in connection therewith..

Except for the obligations imposed by this Settlement Agreement, Image, on behalf of
itself and its predecessors-in-interest, successors-in-interest, officers, directors, shareholders,
employees, agents, authorized representatives, and assigns, hereby releases Fink, and his spouse,
employees, agents, authorized representatives, attorneys and assigns from any and all claims and
demands which it has against them
arising out of or relating to the Employment Agreement, the Employment, the Termination, the
Arbitration, any claims which could have been raised therein or in connection therewith, and any
other matter whatsoever, whether liquidated or contingent, certain or uncertain, known or unknown.

 

Page 3 of 11

 

It is the intention of the Parties hereto in executing this instrument that it shall be
effective as a full and final accord, satisfaction and release of all matters. The Parties
acknowledge that they are aware that they might hereafter discover facts in addition to or
different from those which they now know or believe to be true with respect to the subject matter
of this instrument, but that it is their intention hereby, fully, finally and forever to settle and
release each other from any and all disputes and differences, known and unknown, suspected and
unsuspected, which do now exist, may exist, or heretofore have existed between the Parties, and
that in furtherance of such intention, the releases herein given shall be and remain in effect as
full and complete general releases, notwithstanding the discovery or existence of any such
additional or different facts.

The Parties each acknowledge that he/it is familiar with the terms of California Civil
Code Section 1542, which reads:

“A general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which if
known by him or her must have materially affected his or her settlement with the
debtor.”

 

Page 4 of 11

 

All Parties hereto, and each of them, hereby waive the provisions of Section 1542 and release
and relinquish any rights they may have under that section or
any similar law and the application of said Section or law to any future disputes with respect
to the Released Matters. All Parties acknowledge that before executing this waiver they were fully
advised by legal counsel about the effects of waiving the provisions of, and their rights under,
Civil Code Section 1542.

4. No Other Filings. Fink represents and agrees that he has not filed any lawsuits or
arbitrations against Respondents, or filed or caused to be filed any charges, complaints or other
proceedings against Respondents with any municipal, state or federal agency charged with the
enforcement of any law or any self-regulatory organization, other than the complaints referenced in
the Recitals to this Agreement. Pursuant to and as a part of Fink’s release and discharge of
Respondents, as set forth herein, Fink agrees, not inconsistent with EEOC Enforcement Guidance On
Non-Waivable Employee Rights Under EEOC-Enforced Statutes dated April 11, 1997, and to the fullest
extent permitted by law, not to sue or file a charge, complaint, grievance, demand for arbitration,
or other proceedings against Respondents in any forum or assist or otherwise participate willingly
or voluntarily in any claim, arbitration, suit, action, investigation or other proceeding of any
kind which relates to any matter that involves Respondents, unless required to do so by court
order, subpoena or other directive by a court, administrative agency, arbitration panel or
legislative body, or unless required to enforce this Agreement. To the extent any such action may
be brought by a third party, Fink expressly waives any claim to any form of monetary or other
damages, or any other form of recovery or relief in connection with any such action except for
statutory required witness fees.

 

Page 5 of 11

 

5. Non Disparagement. Fink, on the one hand, and Image on the other hand, on behalf
of himself/itself and their respective shareholders, officers and directors, employees, agents, and
authorized representatives, each agree that he/it will not make, or cause to be made, any remarks
which are disparaging of any other party to this Agreement. Should a prospective employer contact
Image regarding Fink, Image shall refer all calls to a designated HR representative, who shall
state they only can provide Fink’s dates of employment and last position held, and shall provide
the same.

6. Confidentiality. It is understood and agreed by the Parties hereto that no
publicity shall be released in connection with this Settlement Agreement and that the terms and
conditions of this Settlement Agreement shall not be disclosed by the Parties or their attorneys to
anyone other than their agents or employees, accountants or bookkeepers whose knowledge of the
Settlement Agreement is necessary to effect the terms of the Settlement Agreement and/or any tax
ramifications flowing therefrom. Each party is responsible for any breach of this confidentiality
provision by its agents, employees, accountants or bookkeepers. This confidentiality provision is
a material term of the Settlement Agreement.

Nothing contained herein shall preclude any party from disclosing the terms of this Settlement
Agreement to any bona fide financial institution, government taxing authority and/or other
government entity pursuant to the terms of a subpoena or like document issued in any civil,
criminal, administrative, or quasi-judicial proceeding. Nothing contained herein shall preclude
Image from disclosing the terms of this Settlement Agreement in a Form 8-K filing with the United
States Securities & Exchange Commission, to the extent necessary to comply with federal law. Other
than as
indicated herein, if either party is asked concerning the status of this case by persons
previously aware of its existence, the only permissible response is that “it settled subject to a
confidentiality provision.”

 

Page 6 of 11

 

7. Non-Admission of Liability. This Settlement Agreement is executed solely for the
purpose of terminating and preventing further claims, complaints, and/or litigation, and does not
constitute an admission or acknowledgment by any party hereto of any wrong-doing on his/its part.

8. Non-Assignment. Each party hereto represents that he/it has not assigned,
transferred or purported to assign or transfer to any person, firm, partnership, or association,
any of the claims released hereunder. Each party hereto agrees to indemnify and hold harmless each
other party against any claim, demand, liability, costs, expenses, rights of action or causes of
action based on, arising out of, or in connection with any such transfer or assignment or purported
transfer or assignment.

9. Enforceability of this Agreement. Except as otherwise set forth herein, this
Agreement shall be enforceable pursuant to the provisions of California Code of Civil
Procedure § 664.6 and any party hereto may apply to a Court of appropriate jurisdiction within
the County of Los Angeles for an appropriate order or judgment pursuant to the terms hereof.

10. Binding Effect. All of the covenants, agreements, conditions and terms contained
in this Settlement Agreement shall be binding upon, apply and inure to the benefit of the
successors and assigns of the respective Parties hereto.

11. Future Assurances. Each of the Parties shall, upon request of any other party,
execute and deliver such additional documents as may be necessary or
convenient for the purpose of evidencing or perfecting any rights or interests arising under
this Settlement Agreement.

 

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12. Integration. This Settlement Agreement constitutes a final and complete statement
of the agreement between the Parties, and fully supersedes all prior agreements, representations or
negotiations, written or oral.

13. Legal Proceedings. In the event any legal proceeding is commenced for the purpose
of interpreting or enforcing any provision of this Settlement Agreement, the prevailing party in
such proceeding shall be entitled to recover a reasonable attorneys’ fee in such proceeding, or any
appeal thereof, in addition to the costs and disbursements allowed by law.

14. Authority. Image warrants and represents that the person executing this document
on its behalf is fully authorized to do so.

15. Counterparts and Facsimile. This Settlement Agreement may be signed in
counterparts. The parties further contemplate that this Settlement Agreement may be signed and
transmitted via facsimile. A signature received via facsimile shall be deemed to be an original
signature for all intents and purposes.

16. California Law. This Settlement Agreement is executed in the State of California,
and shall be governed by California law. Any suit commenced in connection with this Agreement
shall be filed in a Court of competent jurisdiction in Los Angeles County, California.

17. No Modification. This Settlement Agreement may not be modified except by an
agreement in writing duly executed by the Parties hereto.

 

Page 8 of 11

 

18. Representation. The Parties hereto represent and acknowledge that they have had
the opportunity to confer with counsel of their own selection with respect to the subject matter
hereof. This Settlement Agreement is entered into voluntarily by the Parties hereto. Moreover,
this Agreement shall be deemed to have been drafted equally by all parties hereto and shall not be
construed against either party as a result of the drafting hereof.

19. Severability. Each provision of this Settlement Agreement is separate, distinct,
and severable from the others. If any provision is held unenforceable, but the balance of the
Agreement nonetheless fulfills the primary intent of the parties hereto in settling this matter,
then the rest of the Settlement Agreement shall be enforced to the greatest extent possible.

20. Number and Gender. Headings are used herein for convenience only and shall have
no force or effect in the interpretation or construction of this Settlement Agreement. As used in
this Settlement Agreement, the singular shall include the plural, and the masculine shall include
the feminine and neutral gender.

21. Costs. Except as otherwise set forth herein, and in particular as set forth in
paragraph 1, each party hereto shall bear his/its own costs and attorneys’ fees relating to the
Action, this Settlement Agreement and the subject matter hereof.

 

Page 9 of 11

 

22. Age Discrimination In Employment Act. Fink understands and agrees that the
release of claims contained in this Agreement, includes any and all claims under the Age
Discrimination In Employment Act (“ADEA”), as amended, 29 U.S.C. Section 621, et seq. Fink
represents that he has been given a period of twenty-one (21) days within which to consider this
Agreement and the release of those claims, and the
opportunity to consult with his counsel regarding the release of those claims. Fink further
understands that pursuant to the ADEA he may revoke this Agreement within seven (7) days of the
execution of this Agreement by notifying counsel for Respondents of the revocation at the following
address and telephone number: James A. Goodman, Esq., Epstein Becker & Green, 1925 Century Park
East, Suite 500, Los Angeles, California 90067-2501, (310) 556-8861. Fink understands that any
obligation on the part of Respondents will not become effective until the expiration of the
revocation period, and will only become effective provided Fink has not exercised his right of
revocation.

 

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IN WITNESS whereof, the Parties have executed this Settlement Agreement as of the date first
set forth above.

	 	 	 	 	 
	 	 	 
	 	     /s/ JEFFREY FINK
 	 
	 	JEFFREY FINK 	 

	 	 	 	 	 
	 	IMAGE ENTERTAINMENT, INC.

 	 
	 	By:  	/s/ DAVID BORSHELL
 	 
	 	 	Its Authorized Representative 	 
	 	 	 	 
	 

APPROVED AS TO FORM:

	 	 	 	 	 
	 	RING & GREEN

 	 
	 	By:  	/s/ ROBERT A. RING
 	 
	 	 	Robert A. Ring 	 
	 	 	Attorneys for Petitioner Jeffrey Fink 	 
	 
	 	EPSTEIN BECKER & GREEN PC

 	 
	 	By:  	/s/ JAMES A. GOODMAN
 	 
	 	 	James A. Goodman 	 
	 	 	Attorneys for Respondent Image Entertainment, Inc. 	 
	 

 

Page 11 of 11Filed by Bowne Pure Compliance

Exhibit 10.27

SEPARATION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS

This Separation Agreement and General Release (“Agreement”) is made and entered into by and between
Martin W. Greenwald (“Employee”) and Image Entertainment, Inc. (“Company”). Employee’s employment
with Company is terminated effective March 31, 2008 (the “Termination Date”). Employee may accept
this Agreement by delivering to Company an executed copy of the Agreement on before May 30, 2008.
A facsimile copy of this Agreement shall be considered an original and may be used for all purposes
as an original.

NOW, THEREFORE, in consideration of the mutual promises and obligations herein contained, it is
agreed as follows:

1. Separation Payment and Benefits: The Board of Directors approved the following
terms for Mr. Greenwald’s retirement package: (i) payment of twelve months of base salary following
the Termination Date, equivalent to $613,144, payable bi-weekly in accordance with the normal
payroll practices of the Company; (ii) continuation of standard executive insurance benefits for
medical, dental and life insurance for twelve months of continuing coverage following the
Termination Date, at an anticipated cost of approximately $9,000; (iii) continuing special
executive benefits including additional life and disability insurance and medical expenses for
twelve months of continuing coverage following the Termination Date at an anticipated cost of
approximately $43,000; (iv) non-accountable personal expense allowance for twelve months following
the Termination Date at an estimated cost of $96,000; and (v) continuing use of his executive car
lease for twelve months following the Termination Date at an estimated cost of $24,000. In
addition, the Company shall pay the insurance and registration on the executive car for such twelve
months. At the end of such twelve months, Employee shall return the executive car, or may elect to
continue to make the lease payments for the two (2) months remaining on the lease (i.e. until May
28, 2009), provided Employee shall in such case pay the applicable insurance and registration. The
overall value of the package is approximately $785,000.

2. Acknowledgment of Separation Pay and Benefits/Tax Responsibility: Employee agrees
and acknowledges that this payment of separation pay and continuation of insurance benefits
described in Paragraph 1 is in excess of any amount to which Employee otherwise would be entitled
pursuant to any contract, employment agreement, or Company’s rules and policies. Employee agrees
it is his sole responsibility to ascertain, determine and pay all appropriate state and federal
tax on the Separation Amount. Without limiting the foregoing, the Company shall continue to
deduct required federal and state tax, social security, Medicare and state disability amounts as
it customarily does for all employees of the Company. Company shall issue Employee a Form W-2 for
the Separation Amount, and makes no representations regarding Employee’s tax obligations with
respect thereto, or regarding when Employee must pay tax thereon. Employee agrees to indemnify,
protect, save and hold Company harmless from any and all tax liability arising from this
Agreement, including, without limitation, any employment tax liability or penalties assessed
against Company.

 

 

 

3. No Further Right to Payment; Return of Property: Employee understands and agrees
that after March 31, 2008, Employee shall neither earn nor accrue any (i) additional wages,
bonuses or commissions, or (ii) right to payments, perquisites and/or benefits of any kind from
Company, except as otherwise expressly set forth in this Agreement. Employee agrees to return to
Company by April 30, 2008, any and all notes, property, files, information or materials of any
kind belonging to Company which Employee may have in Employee’s possession or control outside the
Company offices.

4. Release: Except for obligations arising from this Agreement, Employee hereby
releases and discharges forever Company and its current and former officers, directors, parents,
subsidiaries, partners, employees, affiliates, agents, and attorneys (“Released Parties”) of and
against all liabilities, claims, causes of action, charges, complaints, obligations, costs,
losses, damages, injuries, attorneys’ fees, and other legal responsibilities (collectively
referred to as “claims”), of any form whatsoever, relating to, or arising out of Employee’s
employment relationship with Company and/or any of the Released Parties and/or the termination of
said employment, including but not limited to any claims in law, equity, contract or tort, or any
claims under the California Labor Code, California Business and Professions Code, California Fair
Employment and Housing Act, Title VII of the Civil Rights Act of 1964, as amended, Americans With
Disability Act, Employee Retirement Income Security Act (except with respect to vested benefits
that are not affected by this Agreement), the Age Discrimination in Employment Act, or any other
claim under any local ordinance or federal or state statute, or any claims for wages, stock,
commissions, overtime, sick pay, vacation pay, paid leave benefits, severance pay, bonuses,
penalties, interest or any other compensation, employment perquisites or benefits, whether known
or unknown, unforeseen, unanticipated, unsuspected or latent, which Employee or his/her successors
in interest now own or hold, or have at any time heretofore owned or held, or may at any time own
or hold by reason of any matter or thing arising from any cause whatsoever prior to the date of
execution of this instrument, and without limiting the generality of the foregoing, from all
claims, demands and causes of action based upon, relating to, or arising out of Employee’s
employment relationship with Company and/or any of the Released Parties and/or the termination of
said employment. This Release does not extend to those rights which as a matter of law cannot be
waived, including but not limited to unwaivable rights the Employee may have under the California
Labor Code.

5. ADEA Release: Without limiting the scope of this Agreement in any way, Employee
certifies that this Agreement constitutes a knowing and voluntary waiver of any and all rights or
claims that exist or that Employee has or may claim to have under the Age Discrimination in
Employment Act (“ADEA”), as amended by the Older Workers’ Benefit Protection Act of 1990 (29
U.S.C. § 9621, et seq.). This release does not govern any rights or claims that might arise under
the ADEA after the date this Agreement is signed by Employee. Employee acknowledges that: (a) the
consideration provided pursuant to this Agreement is in addition to any consideration that he
would otherwise be entitled to receive; (b) he has been and is hereby advised in writing to
consult with an attorney prior to signing this Agreement; (c) he has been provided a full and
ample opportunity to study this Agreement, including a period of at least twenty-one (21) days to
consider this Agreement prior to execution; (d) he has had sufficient time to consider this
Agreement with counsel and that he expressly, voluntarily and
knowingly waives the twenty-one day notice period prior to signing this Agreement; and (e) he is
aware of his right to revoke this Agreement at any time within the seven (7) day period following
the date he signs the Agreement and that the Agreement shall not become effective or enforceable
until the seven (7) day revocation period expires. Employee further understands that he shall
relinquish any right he has to the consideration specified in this Agreement if he exercises his
right to revoke it.

 

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6. Civil Codes Section 1542 Waiver: It is further understood and agreed that all
rights under Section 1542 of the California Civil Code are hereby expressly waived by Employee.
Said Section reads as follows:

“Section 1542. [Certain claims not affected by general release.] A general release does not extend
to claims which the creditor does not know or suspect to exist in his favor at the time of
executing the release, which if known to him must have materially affected his settlement with the
debtor.”

Notwithstanding the provisions of Section 1542, and for the purpose of implementing a full and
complete release and discharge of all claims, Employee expressly acknowledges that this Agreement
is intended to include in its effect, without limitation, all claims Employee does not know or
suspect to exist in his/her favor at the time of execution hereof, and that the settlement agreed
upon contemplates the extinguishment of any such claim or claims. Employee agrees that his/her
waiver of Section 1542 is not a mere recital of Section 1542, but is indeed the intent of the
parties in entering into this agreement.

7. No Assignment: Employee covenants and affirms that Employee has made no assignment
and will make no assignment of the claims, demands or causes of action released herein and further
covenants and affirms that Employee has not and will not institute legal proceedings, or file,
initiate, or cause to be filed, any claims, charge, suit, complaint, action, or cause of action
based upon, arising out of, or relating to any claim, demand, or cause of action released herein,
nor shall Employee participate, assist or cooperate in any claim, charge, suit, complaint, action
or proceeding regarding Company whether before a court, administrative agency, arbitrator or other
tribunal unless required to do so by law.

8. No Admissions: Employee and Company understand that the foregoing payments,
consideration and promises are not to be construed as an admission on the part of either Employee
or Company or any of the Released Parties of any wrongdoing or liability, nor to be admissible as
evidence in any proceeding other than for enforcement of the provisions of this Agreement.

9. Confidentiality: The parties acknowledge and agree that the terms and provisions
of this Agreement were made and entered into in strict confidence, and that Employee is receiving
consideration hereunder in exchange for maintaining confidence. Each party promises, warrants, and
represents that it/he shall not disclose or offer to disclose, and has not disclosed privately or
publicly, any of the terms or provisions of this Agreement or the negotiations leading to this
Agreement to any person or entity other than attorneys, accountants
or immediate family, or as required under a Form 8-K filing and other filings with the United
States Securities & Exchange Commission to the extent necessary to comply with federal law.
Employee acknowledges that Employee shall relinquish any right Employee has to the consideration
specified in this Agreement if Employee breaches this confidentiality provision, and agrees to
immediately repay to Company said consideration if Employee breaches this confidentiality
provision.

 

-3-

 

10. Entire Agreement/Severability: Each party understands that the Agreement
represents, as to Employee’s employment with and separation from Company, the entire agreement and
understanding between the parties and supersedes any prior agreement, understanding, or
negotiations respecting such subject. No change to or modification of this Agreement shall be
valid or binding unless it is in writing and signed by Employee and a duly authorized officer of
Company.

In the event any immaterial term, condition or portion of this Agreement is found, judicially
or otherwise, to be unlawful, void or, for any other reason, unenforceable, that immaterial term,
condition or provision shall be deemed severable from this Agreement and the invalidity or lack of
enforceability shall not affect the validity and enforceability of the remaining portions of this
Agreement.

11. California Law; Arbitration: This Agreement shall be governed and construed under
the applicable laws of the State of California. The parties hereto agree that any claim of
violation of this Agreement or arising out of or related to this Agreement shall be resolved
finally through binding arbitration before a neutral, mutually-selected arbitrator, pursuant to the
procedural rules of either the American Arbitration Association or JAMS/Endispute. The prevailing
party in any such dispute shall be entitled to an award of fees and costs, including attorneys’
fees, as well as all other available forms of relief or damages.

12. Continuation of Stock Option Plan: Employee’s stock options shall continue to be
exercisable in accordance with the terms set forth in Employee’s employment agreement.

IN WITNESS WHEREOF, this Agreement is executed by the parties hereto as of the date
indicated by the signature.

	 	 	 	 	 
	 	 	 
	Dated: May 15, 2008 	Employee: 	/s/ MARTIN W. GREENWALD 	 
	 	 	 

	 	 	 	 	 
	Dated: May 9, 2008 	Image Entertainment, Inc.

 	 
	 	By:  	/s/ MICHAEL B. BAYER 	 
	 	Its: 	Associate General Counsel and 	 
	 	 	VP, Business & Legal Affairs 	 
	 

 

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Statement of Non-Revocation

Having had a full seven (7) days to consider the terms, conditions and releases contained in
the executed Severance Agreement and General Release (the “Agreement”) between myself and Image
Entertainment Inc., which I executed on      May 15     , 2008, I hereby affirm that I have
not revoked and do not revoke the Agreement. I understand and agree that the Agreement is final
and binding and may not now be revoked.

	 	 	 	 	 
	 	 	 
	Date: May 22, 2008 	/s/ MARTIN W. GREENWALD
 	 
	 	Employee 	 
	 	 	 
	 

 

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