X0202 3 2005-07-26 0 0001098016 GENIUS PRODUCTS INC GNPI.OB 0001342877 Satterwhite Rodney C/O GENIUS PRODUCTS, INC. 740 LOMAS SANTA FE, SUITE 210 SOLANA BEACH, CA 92075 0 1 0 0 Exec. VP of Operations Options 2.10 2015-06-14 Common Stock 120000 D Options 2.00 2005-07-16 2014-07-16 Common Stock 30000 D The options become exerciseable in 20 percent increments over a five-year vesting period, starting with the first anniversary of the date of grant. Employment Agreement dated July 16, 2004, granted an option to Employee to purchase 80,000 shares of Genius Products, Inc. Common Stock. The Options were priced at $2.00 per share with the following vesting terms: 50,000 shares on January 1, 2005, if the Company achieved net sales in excess of a total of $20 million in the third and fourth quarters of 2004, and 30,000 shares on July 16, 2005. The targeted net sales were not achieved, therefore, the option to purchase 50,000 shares was cancelled. The option to purchase 30,000 shares was vested on July 16, 2005. /s/ Rodney Satterwhite 2005-11-09