Amendment to Employment Agreement between Image Entertainment, Inc. and Jeff Framer
This amendment, dated May 31, 2007, updates the employment agreement between Image Entertainment, Inc. and Jeff Framer. It changes the deadline for Image to exercise a one-year extension option from May 31, 2007, to June 15, 2007. All other terms of the original agreement remain unchanged. Both parties have agreed to and signed this amendment.
This Amendment to Employment Agreement (the Amendment) is entered into as of May 31, 2007, by and between IMAGE ENTERTAINMENT, INC., a Delaware corporation (Image), and JEFF FRAMER, an individual (Executive), with respect to that certain Employment Agreement as amended, 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 May 31, 2007 with June 15, 2007 such that the amended sentence shall read as follows:
The second one year option must be exercised by Image by June 15, 2007, in the same manner described above, to extend the term from April 1, 2008 to March 31, 2009.
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 Secretary | |
/s/ Jeff Framer | |
Jeff Framer |