Exhibit 10.4

LOGO [g98313img001.jpg]

CENTRAL EUROPEAN DISTRIBUTION CORPORATION

ANNEX dated 24 January 2007

to the Employment Agreement (“Agreement”) of October 1, 2004 between:

CENTRAL EUROPEAN DISTRIBUTION CORPORATION, Inc., a Delaware corporation
(“Company”);

and

Mr. James Archbold (“Employee”).

WHEREAS

On 18 January 2007 the Board of Directors of the Company adopted the resolution
providing for some changes in the method of compensation payable to Employees
and members of the Company’s Board of Directors and the relevant number of
options to purchase the Company’s common stock granted to such persons

THE PARTIES HAVE AGREED AS FOLLOWS:

Par. 1

The Agreement shall be amended as follows:

Section 2 of the Agreement (“Term”) shall read as follows:

The employment of the Employee by the Company as provided in Section 1 hereof
shall expire on December 31, 2009 (“Expiration Date”).

Section 5(a) of the Agreement (“Base Salary”) shall read as follows:

As of January 1, 2007 to December 31, 2007, the Employee shall be paid an annual
salary (“Base Salary”) in the amount of USD 170,000.00 gross by the Company.

As of January 1, 2008 to December 31, 2008, the Employee shall be paid the Base
Salary in the amount of USD 210,000.00 gross by the Company.

As of January 1, 2009 to December 31, 2009, the Employee shall be paid the Base
Salary in the amount of USD 230,000.00 gross by the Company.

--------------------------------------------------------------------------------

Section 5(b) of the Agreement (“Bonus”) shall read as follows:

In fiscal years 2007, 2008 and 2009, the Employee shall be entitled to receive
10 % of the aggregate cash bonus payable under the Company’s Executive Bonus
Plan, the amount and rules of payout of such aggregate cash bonus being
established under the resolution of the Company’s Board of Directors dated
18 January 2007.

Section 5(c) of the Agreement (“Options”) shall read as follows:

The Employee shall be entitled to annual grant of options to purchase the
Company’s common stock as follows: (i) 28 125 options on January 1, 2007,
(ii) 22 125 options on January 1, 2008 and (iii) 22 125 options on January 1,
2009, each such grant to vest 100% on the two-year anniversary of the grant
date. The strike price of each such grant shall be the closing price of the
Company’s common stock on the trading day immediately preceding the grant.

Par. 2

All other provisions of the Agreement shall remain not amended.

Par. 3

The provisions of this Annex shall be effective as from 1 January 2007.

 

The Company:

/s/ William V. Carey

Name: William V. Carey The Employee:

/s/ James Archbold

Name: James Archbold