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| DATED | 27 December2007 |
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|   | CONTRACT      FOR THE PERFORMANCE OF THE OFFICE |   |
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| Name      and Address of the Company:  | PRO TV SA with its      registered office at Blvd. Pache Protopopescu 109, sector 2, postal code      021409, Bucharest, Romania, registered with the Romanian Trade Registry      under no.  J40/24578/1992, fiscal registration no. CUI R 2835638      (the “Company”) |
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|                                   |                                                                                                                                                                                                                                                                                           |
| Name      and Address of the Director: | Adrian Sarbu, born April      18, 1955, residing at 230 Calea Dorobantilor, sector 1, Bucharest, Romania      (“Mr.      Sarbu”)                                                                                                                                                   |

| (A) | Based      on the resolution of the shareholders of the Company dated 1 June 2007,      taken on the basis of the provisions of art. 17 of the Constitutive Act of      the Company, as restated on 4 October 2007, Mr. Sarbu was re-appointed to      the office of the President of the Board of Directors of the Company and      General Director of the Company (the “Director”); |
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| (B) | The      Company is a member of a group of companies consisting of Central European      Media Enterprises Ltd. (“CME Ltd.”) and any and      all companies under its control (the “CME Group”);      and |
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| (C) | The      Company and Mr. Sarbu hereby wish to agree upon and set forth the terms      and conditions of their mutual co-operation, which shall be carried out in      connection with an exercise by Mr. Sarbu of his position of the      Director. |
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| 1  | SUBJECT-MATTER OF      CONTRACT |
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| 1.1 | The      subject matter hereof shall be the stipulation of the terms and conditions      related to the performance by Mr. Sarbu of the office of the Director in      consideration of the remuneration and other benefits set forth      below. |
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| 2 | OFFICE AND      DUTIES |
|---|------------------------|

| 2.1 | Mr.      Sarbu shall occupy the position of the Director of the Company. In such      capacity Mr. Sarbu shall perform the duties referred to in Section 2.3      hereof and the Parties shall not enter into a separate agreement in      respect of the performance by Mr. Sarbu of such  duties. |
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| 2.2 | For      the avoidance of doubt, both Parties hereby acknowledge and agree that no      employment relationship shall be established between Mr. Sarbu and the      Company hereunder or in connection with any activities carried out by Mr.      Sarbu hereunder. The relationship created hereunder constitutes a common      law contract based on the provisions of Law 31/1990 regarding commercial      companies as amended and republished and the relevant provisions from the      Civil and Commercial Code. |
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| 2.3 | Mr.      Sarbu shall perform the duties of the Director as they arise from any      applicable generally binding legal provisions, the provisions of art. 20      from the valid Constitutive Act of the Company, its internal regulations,      the policies of CME Ltd. or from the directives and instructions provided      (if any) and decisions adopted by the Company's General Meeting of      Shareholders including decisions regarding the annual budget, unless the      performance of such duties, obligations, directives and/or instructions      contravenes generally binding legalprovisions. |
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| 2.4 | Mr.      Sarbu shall perform his office of the Director and any and all of his      obligations arising hereunder with due care. He shall be obliged to do so      in person and in a thorough and diligentmanner. |
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| 2.5 | Mr.      Sarbu shall use his best endeavours to promote and protect the interests      of the Company and shall not do anything which would be harmful with      respect thereto. |
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| 2.6 | During      the exercise of his duties Mr. Sarbu, in his capacity of General Director      of the Company may delegate some of his authority to other executives of      the Company.  In respect of a limited number of issues he may      delegate some of his authority to third parties (lawyers,      consultants). |
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| 3 | PLACE OF      WORK |
|---|--------------------|

| 3.1 | In      general, Mr. Sarbu shall perform his office of the Director in Bucharest,      at the Company’s headquarters or, to the extent required, at the local      stations of the Company. |
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| 4 | REMUNERATION |
|---|--------------|

| 4.1 | Mr.      Sarbu’s base monthly remuneration for the performance of the office of the      Director shall be RON 120,000 (in words: one hundred and      twenty thousand Romanian Lei) per month ("Monthly Remuneration"),      that being RON 1,440,000 (in words: one million four      hundred and forty thousand Romanian Lei) per year ("Annual      Remuneration"). |
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| 4.2 | The      Monthly Remuneration shall be payable in arrears no later than on the date      of salary payment as fixed for the Company’s employees. The Company shall      pay the Monthly Remuneration, after deducting all mandatory payments as      required to be made by the Company in accordance with the applicable laws      of Romania, including, without limitation, any withholding or other taxes      and payments of social security and health insurance, by wire transfer to      the credit of Mr. Sarbu’s bank account which Mr. Sarbu notifies the      Company in writing no later than 10 days prior to the due date of the      Monthly Remuneration (the “Bank      Account”). |
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| 4.3 | From      January 1, 2010, the Parties have agreed that they shall review the amount      of the Monthly Remuneration and consider an increase thereof on annual      basis. For this purpose, both Parties undertake to enter into good faith      negotiations regarding the increase of the Monthly Remuneration provided      that both Parties agree to use best efforts to finalize such negotiations      by no later than January 31 of each calendar  year. |
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| 4.4 | Mr.      Sarbu shall be entitled to receive a bonus for 2007 (the “Old Bonus”) based on      the Company’s bonus policy as approved by the Company’s Board of      Directors. |
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| 4.5 | From      January 1, 2008, so long as Mr. Sarbu remains as the Chief Operating      Officer of CME Ltd., he will be eligible to receive an annual bonus of up      to RON 2,160,000 subject to the approval of the General Meeting of      Shareholders of the Company, (the “COO  Bonus”). |
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| 4.6 | In      the event that Mr. Sarbu is no longer the holder of the position of Chief      Operating Officer of CME Ltd., he will be entitled to receive, from that      moment onward, on a pro rata basis if such an event happens in the middle      of a calendar year, a bonus based on the following formula (the “Revised      Bonus”): |
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|  | 4.6.1 | An      additional 12 months of salary will be payable if Total Segment EBITDA for      the Company is equal to Budgeted EBITDA for the financial year to which      such revised Bonus relates; and |
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|  | 4.6.2 | A      further 6 months of salary will be payable if Total Segment EBITDA for the      Company is equal to 105% of Budgeted EBITDA  for the      financial year to which such revised Bonus  relates. |
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| 4.7 | The      COO Bonus shall not be payable prior to the date on which CME Ltd.      publishes its Annual Report on Form 10-K for the financial year to which      such COO Bonus relates. The Old Bonus, and, subject to the previous      sentence, the Revised Bonus and the COO Bonus, if any, shall be paid to      Mr. Sarbu at the Bank Account not later than within 30 days following an      approval of the financial statement of the Company for the prior financial      year by the General Meeting of the Shareholders of the      Company. |
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| 4.8 | Notwithstanding      the foregoing, the Parties hereby acknowledge that additional criteria may      be agreed thereby for the purposes of determining as to whether any of the      Old Bonus, the Revised Bonus and/or the COO Bonus shall be payable in      accordance herewith. |
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| 5 | OTHER      BENEFITS |
|---|---------------------|

| 5.1 | The      Company shall, at its own cost and expense, provide Mr. Sarbu with an      office in the place in which the Company has its seat, including adequate      technical and material equipment and personnel support, as is reasonably      necessary for the performance of Mr. Sarbu’s duties    hereunder. |
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| 5.2 | The      Company shall be obliged to ensure that Mr. Sarbu be insured by travel      health insurance of the type “Executive plus policy”      based on the reasonable selection of Mr. Sarbu, providing him with the      highest standard of insurance protection for the whole period of the      performance of his duties hereunder. The Company shall be obliged to pay      the insurance premiums for such travel health  insurance. |
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| 5.3 | The      Company shall, at its own expense, provide Mr. Sarbu with above-standard      health care by providing Mr. Sarbu with above-standard health insurance      cover based upon his reasonableselection. |
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| 5.4 | The      Company shall, at its own expense, also provide Mr. Sarbu with      above-standard life insurance based upon his reasonable      selection. |
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| 5.5 | Mr.      Sarbu shall be entitled to compensation in an amount equivalent to his      Annual Remuneration, or the relevant part thereof, in the event of his      suffering illness resulting in an inability to work,  provided      that such inability to work is proved to the Company by a doctor’s      certificate (the “Sick      Leave Compensation”). The Sick Leave Compensation shall be in each      case equal to the respective portion of the Annual Remuneration in the      respective year for the period of time during which Mr. Sarbu is unable to      work, provided that the  such inability to work lasts three (3)      months or less. In the event  Mr. Sarbu’s inability to work      exceeds three (3) months, the Sick Leave Compensation shall be further      paid to Mr. Sarbu in an amount equal to 50% of such Annual      Remuneration. |
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| 5.6 | The      provision of any insurance scheme shall not in any way prevent the Company      from lawfully terminating this Contract in accordance with the provisions      of Section 9 hereof even if such termination would deprive Mr. Sarbu of      membership in or cover under any suchscheme. |
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| 5.7 | Mr.      Sarbu shall be entitled to use a company car of an executive class      reasonably selected by Mr. Sarbu with a driver on a 24/7 basis whilst in      Romania. He shall be entitled to use such car for both business and      private purposes. All costs incurred with respect to the operation and use      of such car (including all consumed fuel) shall be covered by the      Company. |
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| 6 | EXPENSES |
|---|----------|

| 6.1 | Neither      the travel nor any other costs incurred by Mr. Sarbu in the course of the      exercise of the office of the Director are included in the Monthly      Remuneration, bonus or in any other remuneration or benefits hereunder.      The Company shall reimburse any and all duly documented necessary costs      and expenses, which shall be reasonably incurred by the Director in      connection with the exercise of his office hereunder whether in Bucharest      or on business trips, as evidenced by receipts in accordance with the      Company expense policy. |
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| 7 | TIME INVOLVEMENT IN THE      COMPANY |
|---|--------------------------------------|

| 7.1 | Mr.      Sarbu shall devote sufficient time to proper performance of his duties      hereunder. Save as set forth herein, no additional pay or time off shall      be permitted to Mr. Sarbu in connection with his performance of the office      hereunder based on the fact that the remuneration set forth herein has      been agreed between the Parties upon taking into consideration the      anticipated overtime required of Mr. Sarbu in connection with his duties      hereunder. |
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| 8 | HOLIDAYS |
|---|----------|

| 8.1 | Mr.      Sarbu shall be entitled to a vacation of up to 25 days per annum during      which Mr. Sarbu shall not be obliged to perform any duties or obligations      related to the office of the Director to the extent permitted by      applicable laws; provided, however, that during such time, his right to      receive remuneration in accordance with Section 4 hereof and other      benefits set forth hereunder shall not be  affected. |
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| 9 | TERMINATION |
|---|-------------|

| 9.1 | This      Contract shall be entered into for a definite period of time, expiring on      the date on which the term of Mr. Sarbu’s office of Director shall be      terminated in accordance with the terms hereof, the legal provisions      applicable and the Constitutive Act of the Company, unless stipulated      otherwise herein; provided, however, that the obligations of Mr. Sarbu      under Sections 10 and 11 hereof shall survive the termination of this      Contract. |
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| 9.2 | The      exercise of Mr. Sarbu’s office of the Director and this Contract shall be      terminated upon: |
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|   | (a) | the      removal of Mr. Sarbu from the office of the Director on the grounds of a      decision adopted by the General Meeting of Shareholders of the Company in      a manner complying with the respective legal regulations and the      Constitutive Act of the Company other than for the reason set forth under      Section 9.2(b) hereof; |
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|   | (b) | the      removal of Mr. Sarbu from the office of the Director on the grounds of a      decision adopted by the General Meeting of Shareholders of the Company in      a manner complying with the respective legal regulations and the valid      Constitutive Act of the Company when such grounds are based on      Cause; |
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|   | (c) | the      resignation of Mr. Sarbu from his office of the Director in accordance      with the respective legal provisions and the valid Constitutive Act of the      Company; |
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|   | (d) | mutual      agreement between the Parties; or |
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|   | (e) | The      death of the Mr. Sarbu. |
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| 9.3 | Termination      pursuant to Section 9.2(a) and (c) hereof shall be on twelve months’ prior      written notice. Termination pursuant to Section 9.2(b) hereof shall not      require any prior written notice and shall be effective from the moment of      recall of Mr. Sarbu from the office of the Director. As of the day of the      termination of the office of Mr. Sarbu hereunder, he shall cease to      exercise duties related to the office of the  Director. |
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| 9.4 | Upon      the termination, by whatever means, of this Contract, Mr. Sarbu shall      immediately, however no later than within three (3) business days from the      date of such termination, return to the Company all documents, computer      media and all other property or assets belonging to or relating to the      business of the Company and the performance of his duties hereunder which      is in his possession or under his power or control or otherwise available      to Mr. Sarbu, and Mr. Sarbu must not retain copies of any of the above,      save for cases in which it is necessarily required by mandatory applicable      legal regulations to keep such copies in order to be able to produce      evidence in a proceeding that might be initiated against Mr. Sarbu in      relation to the performance of his duties  hereunder. |
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| 10 | CONFIDENTIAL      INFORMATION |
|----|-------------------------------|

| 10.1 | Mr.      Sarbu agrees, during the term hereof and after the termination of the      office of the Director, not to use or disclose to any person (and shall      use his best endeavours to prevent the use, publication or disclosure of)      any confidential information: |
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|  | 10.1.1 | concerning      the business of the Company and/or the CME Group which comes to the      knowledge of Mr. Sarbu during the course of or in connection with the      holding of his office of the Director;or |
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|  | 10.1.2 | concerning      the business of any client or person having dealings with the Company      and/or the CME Group and/or a company within the CME Group which is      obtained directly or indirectly in circumstances where the Company is      subject to a duty ofconfidentiality. |
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| 10.2 | For      the purposes of Section 10.1 above, information of a confidential or      secret nature includes, but shall not be not limited to, information      disclosed to Mr. Sarbu or known, learned, created or observed by him as a      consequence of his holding of the office of the Director, not generally      known in the relevant trade or industry about the Company’s and/or the CME      Group’s business activities, services and processes, including, but not      limited to, information concerning advertising, sales promotion,      publicity, sales data, research, programming and plans for programming,      finances, accounting, methods, processes, business plans (including      prospective or pending license applications or investments in license      holders or applicants), client or supplier lists and records, potential      client or supplier lists, and client or supplier  billings. |
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| 10.3 | This      Section shall not apply to information whichis: |
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|  | 10.3.1 | disclosed      in the proper performance by Mr. Sarbu of duties of the Director or with      the consent of the Company; |
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|  | 10.3.2 | ordered      to be disclosed by a court of competent jurisdiction or otherwise      necessarily required to be disclosed by law or pursuant to the rules of      any applicable stock exchange; or |
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|  | 10.3.3 | in      or comes into the public domain otherwise than due to an omission or a      breach by Mr. Sarbu hereof. |
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| 11 | NON-COMPETITION |
|----|-----------------|

| 11.1 | For      the duration of the office of Mr. Sarbu as the Director and for a period      of twelve (12) months after the termination hereof for any cause, Mr.      Sarbu shall not: |
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|   | (a) | either      on his own account or on behalf of any other person, firm or company,      directly or indirectly, carry on or be engaged, concerned or interested in      any business which is competitive with a business in which the Company      and/or the CME Group are engaged, including securing television licenses,      operating television stations, programming services and broadcasting, and      with which Mr. Sarbu was actively involved in the twelve months preceding      the termination of his employment; |
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|   | (b) | seek      to do business and/or do business in competition with any company of the      CME Group with any person, firm or company who at any time during the      twelve months preceding the termination of his employment was a customer      or supplier of the Company and/or any company of the CME Group and/or with      whom during that period Mr. Sarbu or another person on his behalf had      material dealings in the ordinary course of  business; |
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|   | (c) | interfere      or seek to interfere or take such steps as may interfere with the      continuance of supplies (whether service or goods) to the Company and/or      any company of the CME Group, or the terms on which they are so supplied,      from any suppliers supplying any company of the CME Group at any time      during the period of twelve months prior to such termination;      and/or |
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| 11.2 | For      the duration of the office of Mr. Sarbu as Director, he shall not accept      or invest in, whether directly or indirectly, any opportunity (a “Corporate Opportunity”)      (i) which is in the line of business of any company of the CME Group, (ii)      which arises or becomes known to him as a result of his position as      Director of the Company, or (iii) in which the CME Group has an interest      or expectancy unless (a) he has presented the Corporate Opportunity to the      Board of Directors of CME Ltd. in reasonable detail and (b) the Board of      Directors of CME Ltd. has decided not to pursue such Corporate Opportunity      after such presentation by him. |
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| 11.3 | Each      of the restrictions in this Section shall be enforceable independently of      each other and their validity shall not be affected if any of the others      are invalid. In the event that any of the restrictions are void, but would      be valid if some part of the restriction were deleted, the restriction in      question shall apply with such modification as may be necessary to make it      valid. |
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| 12 | INTELLECTUAL      PROPERTY |
|----|----------------------------|

| 12.1 | Should      Mr. Sarbu acquire any Intellectual Property Rights (as hereinafter      defined) arising out of  the performance of his duties as      Director of the Company, Mr. Sarbu shall assign such rights to the      Company, by way of an assignment contracts or a license granted to the      Company. The compensation shall be provided by the Company to Mr. Sarbu      for the assignment of any Intellectual Property Right by way of deducting      it from the Annual Remuneration for the year in which the Parties executed      the respective License. |
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| 12.2 | Mr.      Sarbu shall inform the Company of all and full particulars of any      Intellectual Property Right in any work or performance or thing created by      Mr. Sarbu, immediately after such Intellectual Property Right has arisen ;      however no later than within 3 days thereafter. Mr. Sarbu shall not use,      assign, purport to assign or disclose to any person or exploit any      Intellectual Property Right without the prior written approval of the      shareholders of the Company. |
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| 12.3 | “Intellectual Property      Right” shall mean any copyright or any other intellectual property      right with respect to any performance, work or another product or any part      thereof or any patent right, trademark right, industrial design right or      any other intangible industrial right or any other intellectual property      right of any nature whatsoever throughout the world (whether registered or      unregistered and including all applications and rights to apply for the      same), which: |
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|  | 12.3.1 | relates      to the business or any product or service of the Company and/or CME Group;      and |
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|  | 12.3.2 | is      invented, developed, created or acquired by Mr. Sarbu (whether alone or      jointly with any other person) during the term of his office of the      Director hereunder within the performance by him of his obligations      arising under the office of the Director hereunder or in connection      herewith. |
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| 13 | DATA      PROTECTION |
|----|----------------------|

| 13.1 | Mr.      Sarbu acknowledges and explicitly agrees that the Company will hold and      process personal and sensitive data relating to Mr. Sarbu (the “Data”) for personnel      administration and management purposes within the period of (i) the      duration of this Contract; and (ii) to the extent required by law, also      after the termination hereof.  The Data shall include, in      particular, Mr. Sarbu’s full name, address, date of birth, birth number,      identification card and passport numbers, references, bank details,      performance appraisals, work, holiday and sickness records, next of kin,      remuneration reviews, remuneration details and other records (which may,      where necessary, include sensitive data relating to health and data held      for equal opportunities purposes). |
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| 13.2 | By      signing this Contract, Mr. Sarbu agrees that the Company may process any      Data for the above purposes and may, when necessary for those purposes,      make such Data or any part thereof available to its advisers, to third      parties providing products and/or services to the Company and as required      by law. |
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| 14 | GENERAL |
|----|---------|

| 14.1 | This      Contract constitutes the whole and only agreement between the Company and      Mr. Sarbu relating to the subject matter hereof, including any performance      of any work or duties of Mr. Sarbu for the Company, and supersedes all      previous contracts, agreements, proposals, both oral and written,      negotiations, presentations, commitments, writings and all other      communications between the Company or any affiliate of the Company and Mr.      Sarbu, including all agreements on individual and remuneration conditions,      and the Parties represent and warrant to each other that there are no      unsettled claims and/or obligations arising in connection with the      foregoing as of the date hereof. |
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| 14.2 | Should      any of the provisions of this Contract be or become invalid or      unenforceable, such invalidity or unenforceability shall not impair the      validity or enforceability of the other provisions of this Contract to the      extent permitted by relevant laws. Should this be the case, the Parties      undertake to replace such invalid or unenforceable provision with a new      one, which shall be valid, enforceable and shall, in accordance with      relevant laws, comply to the fullest extent possible with the meaning and      effect of the original provision. |
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| 14.3 | This      Contract may be amended or modified only by a written instrument duly      executed by both Parties. |
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| 14.5 | This      Contract can be terminated only as stipulated in Section 9      above. |
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| 14.6 | This      Contract has been executed in four counterparts, two in the English      language and two in the Romanian language. Each of the Parties shall      obtain one counterpart of the Contract in each language.  In      case of discrepancies between the English and Romanian language, the      English language version shallprevail. |
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| 14.7 | This      Contract shall come into force and effect as of the date on which it is      signed by both Parties and approved by the General Meeting of Shareholders      of the Company. The Company shall use its best efforts to ensure that the      approval of the General Meeting of the Company is granted without undue      delay, however, no later than within 3 weeks from the execution      hereof. |
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| 14.8 | This      Contract shall be governed by and construed in accordance with Romanian      law. |
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| In      Bucharest, on 27 December 2007 |                  |
|----------------------------------------|-----------------------|
|                                   |                  |
| For      PRO TV SA.:                   | ADRIAN      SARBU     |
|                                   |                  |
| By:      /s/ Oliver      Meister       | /s/ Adrian      Sarbu |
| Name:                                  | OLIVER      MEISTER   |   |
| Title:                                 | Director              |   |

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