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Exhibit 10.1
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD.
00 X'Xxxxxx Xxxxxx
Xxxxxx XXX 0XX Xxxxxxx
January 1, 1997
Xx. Xxxxxx Xxxxxx
President
Bukfenc Inc.
000 Xxxxx Xxxx
Xxxxxx, XX 00000
Dear Xx. Xxxxxx:
In connection with the Services Agreement between Central European
Media Enterprises Ltd. dated as of July 29, 1994, as extended by letter
agreement dated October 23, 1996, this will reflect our agreement to amend
Section 1.1 of such Services Agreement.
We agree that Section 1.1 of the Services Agreement shall be amended to
read as follows:
"Section 1.1. The Corporation engages Bukfenc, and Bukfenc
hereby accepts such engagement to act as the Corporation's Agent, to
make available to the Corporation the services of its employee, Xxxxxx,
to perform for the Corporation such functions as are designated by the
Board of Directors of the Corporation and, in addition, to serve as an
officer and/or director of subsidiaries of the Corporation. Xxxxxx'x
duties shall include assisting in the planning and implementation of
financial strategies for the Corporation and its subsidiaries as well
as the planning and the implementation of overall organizational
strategies for the Corporation and its subsidiaries. The Corporation
authorizes Bukfenc, for the Corporation's account and on its behalf, to
perform any lawful act and do everything lawful and necessary or
desirable in order for Bukfenc to perform under this Agreement.
Please indicate your approval of this amendment by signing below and
returning this letter to me.
Sincerely,
Xxxxxxx Xxxxxx
Chief Executive Officer
AGREED AND ACCEPTED:
BUKFENC INC.
Xxxxxx Xxxxxx, President
