EXHIBIT 10.20A
FIRST AMENDMENT
TO LOAN AGREEMENT
This Amendment Agreement to Loan Agreement (this "Agreement") dated this 5th day
of February, 1997, by and between Image Entertainment, Inc. a California
Corporation ("Borrower") and Union Bank of California, N.A. ("Bank").
Whereas, Borrower and Bank have previously entered into that certain Loan
Agreement, dated December 17, 1996, ("The Loan Agreement"), pursuant to which
Bank has agreed to make certain loans and advances to Borrower;
Whereas, Borrower has requested that Bank agree to amend certain provisions
contained in the Loan Agreement; and
Whereas, Borrower and Bank have agreed and intend to hereby amend the Loan
Agreement.
Now, therefore, the parties hereby agree as follows:
1. Section 5.6 line eight (8) shall be changed from "greater than Ten
Million Dollars ($10,000,000)"; "greater than Two Million Five Hundred Thousand
Dollars ($2,500,000)".
2. Except as modified hereby, the Loan Agreement shall remain otherwise
unchanged and in full force and effect and this agreement shall be effective
from the date hereof and shall have no retroactive effect whatsoever.
In Witness Whereof, Borrower has executed and delivered this agreement.
"Borrower"
Image Entertainment, Inc.
By: /s/ Xxxx X. Xxxxxx
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Xxxx Xxxxxx, Chief Financial Officer
Accepted and effected this ___ day of February, 1997, at Bank's place of
business in the City of Los Angeles, State of California.
"Bank"
Union Bank of California, N.A.
By: /s/ Xxxxxx X. Xxxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxxx, Vice President
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