AMENDMENT TO EMPLOYMENT AGREEMENT
AMENDMENT, dated as of December 8, 1998 to the Employment
Agreement, dated as of November 21, 1997 (the "Employment Agreement"), by and
between Central European Media Enterprises Ltd., a Bermuda corporation (the
"Company"), and Xxxx Xxxxxxxxx (the "Executive")
WITNESSETH:
WHEREAS, the Company and the Executive wish to amend the Employment
Agreement to extend the term thereof by one year (subject to the terms and
conditions of the Employment Agreement);
NOW, THEREFORE, in consideration of the mutual agreements contained
herein, the parties hereto hereby agree to amend the Employment Agreement,
effective as of the date hereof, as follows:
1. Amendment to Section 2.1. Section 2.1 of the Employment
Agreement is hereby amended by replacing "August 14, 1999" with "August 31,
2000".
2. Miscellaneous. Except as expressly amended hereby, all of the
terms and provisions of the Employment Agreement are hereby reaffirmed and
remain in full force and effect. The words "this Agreement," "hereof," "herein,"
"hereby" and words of similar import when used in the Employment Agreement shall
refer to the Employment Agreement as amended hereby. This Amendment shall be
governed by the laws of the State of New York. The section and other headings
contained in this Amendment are for reference purposes and shall not affect the
meaning, or interpretation of this Amendment. This Amendment may be executed in
any number of counterparts, each of which shall be deemed to be an original and
all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Company and the Executive have executed
this Amendment as of the date first above written.
COMPANY:
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD.
By: /s/ Xxxxxx Xxxxxxx
--------------------
Name:
Title:
EXECUTIVE:
By: /s/ Xxxx Xxxxxxxxx
--------------------
Xxxx Xxxxxxxxx
