----

----

| 1.  | Definitions      and Interpretation                          | 4  |
|-----|--------------------------------------------------------------|----|
| 2.  | Transaction      and Determination of Purchase Consideration | 14 |
| 3.  | Conditions      Precedent to Closing                         | 15 |
| 4.  | Closing                                                      | 19 |
| 5.  | Obligations      Prior to Closing                            | 23 |
| 6.  | Warranties                                                   | 25 |
| 7.  | Sellers'      Undertakings and Post-Closing Covenants        | 26 |
| 8.  | Purchaser      Undertakings & Post-Closing Covenants     | 27 |
| 9.  | Termination                                                  | 28 |
| 10. | Indemnity                                                    | 29 |
| 11. | Limitations      on Liability                                | 30 |
| 12. | Guarantee                                                    | 31 |
| 13. | Notices                                                      | 32 |
| 14. | Entire      Agreement                                        | 34 |
| 15. | Third      Party Rights                                      | 34 |
| 16. | Amendments                                                   | 34 |
| 17. | Costs      and Expenses                                      | 34 |
| 18. | Set-off      and Gross-up                                    | 34 |
| 19. | Assignment                                                   | 35 |
| 20. | Confidentiality                                              | 35 |
| 21. | Announcements                                                | 35 |
| 22. | Severability                                                 | 35 |
| 23. | Further      Assurance                                       | 36 |
| 24. | Waivers                                                      | 36 |
| 25. | Counterparts                                                 | 36 |
| 26. | Governing      Law and Jurisdiction                          | 36 |
| 27. | Dispute      Resolution                                      | 36 |

| SCHEDULE 1      BASIC INFORMATION ABOUT THE TARGET COMPANIES      | 38  |
|-------------------------------------------------------------------|-----|
| SCHEDULE 2      FORM OF CLOSING CERTIFICATES                      | 42  |
| SCHEDULE 3      WARRANTIES                                        | 44  |
| SCHEDULE 4      DISCLOSURE SCHEDULE                               | 62  |
| SCHEDULE 5      REAL PROPERTIES                                   | 64  |
| SCHEDULE 6      MEDIA PRO TRADEMARKS AND DOMAIN NAMES             | 74  |
| SCHEDULE 7      LIST OF RELATED PARTY LOANS AND SHAREHOLDER LOANS | 81  |
| SCHEDULE 8      POST-COMPLETION OBLIGATIONS                       | 83  |
| SCHEDULE 9      ESTIMATED ADJUSTMENT AMOUNT                       | 85  |
| SCHEDULE 10      AGREEMENT OR DETERMINATION OF ADJUSTMENT AMOUNT  | 88  |
| SCHEDULE 11      FILM PRODUCTION AND FINANCING TERMS              | 89  |
| SCHEDULE 12      AGREED FORM SUBSCRIPTION AGREEMENT               | 91  |
| SCHEDULE 13      AGREED FORM WARRANT                              | 104 |
| SCHEDULE 14      SPECIFIC RELATED PARTIES                         | 113 |

----

| (1) | CME PRODUCTION      B.V., a company      organized under the laws of the Netherlands, registered under number      34349555 with the Trade Register and having its registered office at Dam      5B, Amsterdam JS 1012, the Netherlands (the "Purchaser"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | CME ROMANIA B.V., a company      organized under the laws of the Netherlands, registered under number      33289326 with the Trade Register and having its registered office at Dam      5B, Amsterdam JS 1012, the Netherlands ("CME      Romania"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | MEDIA PRO MANAGEMENT      S.A., a Romanian legal person, registered under the number      J40/4177/2001 with the Register of Commerce from Bucharest, CUI 13848658      and having its registered office at 109 Pache Protopopescu Blv., 6th      Floor, sector 2, Bucharest, Romania ("Media Pro      Management"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | MEDIA PRO B.V., a      company organized under the laws of Netherlands, with registered number      33288103 and having its registered office at Teleport Boulevard 140,      1043EJ, 1000 CV, Amsterdam, Netherlands ("MP BV");    and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | ADRIAN SARBU, of 4A      Modrogan Street, Sc. A, Et. 5, Apt. 15, Section 1, Bucharest, Romania, as      guarantor (the "Guarantor"); |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| (A) | Media      Pro Management and MP BV own, inter alia, interests      in a number of entities more particularly described in Recitals (B) and      (C) below that comprise the entertainment division of the Media Pro      Group. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | As      of the Execution Date, Media Pro Management  owns: |
|-----|------------------------------------------------------------|

|   | (i) | 1,797,395      registered shares of Media Pro Pictures S.A. (which represents a 37.475%      Ownership Interest), which in turnowns: |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | 50      shares of Media Pro Distribution S.R.L. (which represents a 10% Ownership      Interest); |
|--------|-----|---------------------------------------------------------------------------------------------------|

|   | (b) | 11,832,361      shares of Studiourile Media Pro S.A. (which represents a 81.47% Ownership      Interest); and |
|--------|-----|---------------------------------------------------------------------------------------------------------------|

|   | (c) | 1,020      shares of Domino Production S.R.L. (which represents a 51% Ownership      Interest); |
|--------|-----|-------------------------------------------------------------------------------------------------|

|   | (ii) | 450      registered shares of Media Pro Distribution S.R.L. (which represents a 90%      Ownership Interest); |
|--------|------|---------------------------------------------------------------------------------------------------------------|

|   | (iii) | a      100% Ownership Interest in Media Pro Pictures s.r.o. (which corresponds to      the investment contribution to the registered capital of Media Pro      Pictures s.r.o. in the amount of CZK 200,000), which in turn      owns: |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | a      51% Ownership Interest in Zmena s.r.o. (which corresponds to the      investment contribution of CZK 102,000 to the registered capital of CZK      200,000); |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a      51% Ownership Interest in Takova normalni rodinka s.r.o. (which      corresponds to the investment contribution of CZK 102,000 to the      registered capital of CZK 200,000); |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | 168,020      registered shares of Pro Video S.R.L. (which represents a 99.95% Ownership      Interest), which in turn owns: |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------|

|   | (a) | 400      shares of Hollywood Multiplex Operation S.R.L. (which represents a 100%      Ownership Interest); and |
|--------|-----|----------------------------------------------------------------------------------------------------------------|

|   | (b) | 8      shares of Media Pro Music and Entertainment S.R.L. (which represents a 40%      Ownership Interest); and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (v) | 12      registered shares of Media Pro Music and Entertainment S.R.L. (which      represents a 60% OwnershipInterest). |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

| (C) | As      of the Execution Date, MP BV owns: |
|-----|--------------------------------------------|

|   | (i) | 2,998,818      shares of Media Pro Pictures S.A. (which represents a 62.524% Ownership      Interest); and |
|--------|-----|------------------------------------------------------------------------------------------------------------|

|   | (ii) | 80      shares of Pro Video S.R.L. (which represents a 0.05% Ownership      Interest). |
|--------|------|----------------------------------------------------------------------------------------|

| (D) | The      Sellers wish to sell and the Purchaser wishes to acquire the Sale      Securities in consideration of the Purchase Consideration (each term      defined below), subject to the terms and conditions contained      herein. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (E) | It      is intended that after the Execution Date, certain Target Companies and      Media Pro Management shall issue and register additional shares in      relation to the capitalization of the Shareholder Loans pursuant to this      Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Definitions      and Interpretation |
|----|-------------------------------------|

| 1.1 | The      following definitions apply in thisAgreement: |
|-----|--------------------------------------------------------|

|   | "Accounts"                  | means      the audited balance sheet as at the Accounts Date and the audited profit      and loss account for the period ended on the Accounts Date of each of the      Target Companies, and the notes, reports, statements and other documents      which are required by law to be, or are otherwise, annexed to the      same; |
|--------|-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                        |                                                                                                                                                                                                                                                                                                                               |
|   | "Accounts      Date"        | means      31st      December 2008;                                                                                                                                                                                                                                                                                                |
|   |                        |                                                                                                                                                                                                                                                                                                                               |
|   | "Adjustment      Amount"    | means      the amount equal to the adjustment amount as determined or agreed in      accordance with the provisions of Schedule      10 and set out in the Adjustment Statement;                                                                                                                                                   |
|   |                        |                                                                                                                                                                                                                                                                                                                               |
|   | "Adjustment      Statement" | means      the finalised statement setting out the Adjustment Amount provided in      accordance with Schedule      10;                                                                                                                                                                                                            |

----

|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | "Affiliate"                      | of      a person means any person that directly or indirectly through one or more      intermediaries Controls, is Controlled by, or is under common Control      with, such person; provided that, for the      avoidance of doubt, neither CME, CME Romania nor the Purchaser shall be      considered an Affiliate of either of the Guarantor, the Sellers or any of      the Target Companies for purposes of this Agreement or any of the      Transaction Documents;                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Agreed    Form"                 | means,      in relation to a document, the form of that document which has been      initialled for the purposes of identification by each party      thereto;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Assigned      Receivable"       | means any Gross Receivable from      Specific Related Parties (trade related) that has been assigned to Media      Pro Management pursuant to Clause 3.1.15;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Business      Day"              | means      a day (other than Saturday or Sunday) on which commercial banks are open      for general business in New York, London and Bucharest (other than solely      for services via the internet);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Business Name Assignment      " | means      the Business Name Assignment and License Agreement to be entered into on      or before the Closing Date between the Sellers, the Guarantor and the      Purchaser or an Affiliate of the Purchaser in respect of the assignment      and license of the "Media Pro" name;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Cash      Consideration"        | has      the meaning set forth in Clause 2.2.1;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Claim"                          | means      any claims, rights, actions or proceedings of any nature, contingent or      actual, known or unknown, including any appeals in such proceedings,      whether asserted or not, which a person has, could have had, or in the      future could have against any person or any of its subsidiaries and      Affiliates or current or former shareholders, relating in any way to the      assets, ownership structure or other affairs of such person or any of its      subsidiaries or current or former shareholders and    Affiliates;                                                                                                                                                                                                                                                                                                                                      |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Closing"                        | means      the completion of the sale and purchase of the Sale Securities as      described in Clause 4;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Closing      Date"              | has      the meaning set forth in Clause 4.1;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | "Closing      Statement"         | means      the statement prepared by the Sellers setting out in Part A the Estimated      Adjustment Amount and in Part B the details of the Estimated Gross      Receivable by MPE from the Specific Related Parties and the Estimated      Gross (Payable) by MPE to the Specific Related Parties (trade related)      together with a certification by a director of each Seller that the Gross      Receivable by MPE is solely in relation to goods and services that have      been fully performed and delivered as at the Closing Date and that no      further performance or delivery of goods by any of the Target Companies is      required whatsoever in respect of the Gross Receivable by MPE from      Specific Related Parties other than the use of property rented by Specific      Related Parties from Target Companies under agreements set out in Schedule      5; |

----

|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|--------|------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | "CME"                              | means      Central European Media Enterprises Ltd., a Bermuda  company;                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "CME Common      Shares"           | means      the Class A Common Shares and the Class B Common Shares in the capital of      CME;                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Conditions      Precedent"        | means      the conditions to Closing set out in Clause 3;                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Consideration      Shares"        | has      the meaning set forth in Clause 2.2.2;                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Control"                          | means      the power to direct or cause the direction of the management or policy of      any person, directly or indirectly, whether through family relationship      (if a natural person), the holding of securities or other participation      interests, by virtue of an agreement, arrangement or understanding or on      other grounds, and "Controlling" and "Controlled" shall have      the correlative meanings proceeding from this term;                                            |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Converted Shareholder      Loans" | means such of the Shareholder      Loans in the aggregate principal amount of not less than RON 75 million      that are capitalized in accordance with Clause 3.1.14      of the Conditions Precedent (with the aggregate amount of such Shareholder      Loans denominated in a currency other than RON revalued in RON as of any      relevant date);                                                                                                                                           |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Data Protection      Legislation" | means      all laws applicable in Romania or in any other relevant jurisdiction      concerning the protection and/or processing of personal    data;                                                                                                                                                                                                                                                                                                                                              |
|   | "Disclosure      Schedule"         | means      the disclosures made as of the Execution Date against the Warranties of      the Sellers set out in Schedule      4, which disclosures have been arranged in sections      corresponding to the numbering and lettering of the applicable Warranty in      Schedule 3 (and which shall also apply to other      Warranties only to the extent that it is reasonably apparent from the face      of the disclosure that such disclosure would also apply to such other      Warranties); |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Domino"                           | means      Domino Production S.R.L., a Romanian legal person, registered under the      number J40/7857/2007, fiscal registration number CUI 21597484 and having      its registered address at Bucharest, 5 Intr. Nicolae Iorga Street, 1st      Floor, Apart. 7, Sector 1, Romania;                                                                                                                                                                                                              |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | "Encumbrances"                     | means      any Claim, charge, mortgage, pledge, security, lien, option, equity, power      of sale, hypothecation or other third party right, retention of title,      right of pre-emption, right to acquire, right of first refusal or security      interest of any kind;                                                                                                                                                                                                                       |

----

|   | "Estimated Adjustment      Amount"         | means      the amount equal to the estimated adjustment amount estimated in good      faith in accordance with Schedule      9 and set out in the Closing Statement;                                                                                                                     |
|--------|--------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | "Execution      Date"                      | means      the date hereof;                                                                                                                                                                                                                                                              |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Existing      Dispute"                    | has      the meaning set forth in Clause 27.3;                                                                                                                                                                                                                                           |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Euro" or "EUR" or "€"               | means      the single currency of those member states of the European Communities      that adopt or have adopted the Euro as their lawful currency under the      legislation of the European Communities for Economic Monetary      Union;                                             |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Film Production and Financing      Terms" | means      the Film Production and Financing Terms between Adrian Sarbu and CME      attached as Schedule 11;                                                                                                                                                                            |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Governmental      Authority"              | means      any supranational, national, provincial, municipal or other court,      arbitral tribunal, administrative agency or commission or other      governmental administrative or regulatory body, authority, agency or      instrumentality;                                       |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Guaranteed      Obligations"              | has      the meaning set forth in Clause 12.1;                                                                                                                                                                                                                                           |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Guarantor"                                | means      Adrian Sarbu, a national of Romania, residing at 4A Modrogan Street, Sc.      A, Et. 5, Apt. 15, Section 1, Bucharest, Romania;                                                                                                                                               |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "HMO"                                      | means      Hollywood Multiplex Operation S.R.L., a Romanian legal person, registered      under the number J40/6452/1999, fiscal registration number CUI 11966932      and having its registered address at Bucharest, 55-59 Calea Vitan Street,      2nd      Floor, Sector 3, Romania; |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "IFRS"                                     | means      the International Financial Reporting Standards promulgated from time to      time by the International Accounting Standards Board;                                                                                                                                           |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Indemnified      Party"                   | has      the meaning set forth in Clause 10.3;                                                                                                                                                                                                                                           |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Indemnity      Claim"                     | means      any claim by the Purchaser Protected Party pursuant to the indemnities in      Clause 10;                                                                                                                                                                                     |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "Information      Technology"              | means      software, hardware, networks, data bases and other analogous rights of any      description whatsoever, used by the Target Companies and necessary to      carry out the Media Pro Entertainment Business;                                                                    |
|   |                                       |                                                                                                                                                                                                                                                                                     |
|   | "ING Existing      Facility"               | means      the facility agreement dated 12 November 2001 (as amended) among ING Bank      N.V., Media Pro Management, MPP, MPS, MPME, Pro Video as well as certain      other Affiliates of the Sellers;                                                                                 |

----

|   | "ING Security      Interests"                    | means      any security granted by the Target Companies in favour of ING Bank N.V. or      its affiliates pursuant to the ING Existing Facility;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Intellectual      Property"                     | means      all rights in and in relation to patents, inventions, know-how, if any,      trade marks (including the Media Pro Trademarks as detailed in Schedule      6), trade mark applications, trade or business names,      domain names, utility models, copyrights (and all extensions and renewals      thereof), registered and unregistered design rights, databases, software,      know-how and other confidential information and trade secrets (including      customer and supplier lists) and other analogous rights of any description      whatsoever, whether registered or capable of registration, necessary to      carry out the Media Pro Entertainment Business; |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Longstop      Date"                             | means      December 31st,      2009, or such later date as the Parties may agree in    writing;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Losses"                                         | has      the meaning provided in Clause 10.1;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Management      Accounts"                       | means      the monthly consolidated financial statements of the Media Pro      Entertainment Business, consisting of balance sheet, profit and loss      accounts and cash flow statements prepared in each case in RON in      accordance with IFRS, and the notes, reports and statements required to be      annexed thereto audited as at December 31st,      2008;                                                                                                                                                                                                                                                                                                                  |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Material Adverse      Effect"                   | means      an effect that is or is reasonably likely to be materially adverse to the      assets, business, results of operations, financial condition or prospects      of the Media Pro Entertainment Business, including any acceleration of the      ING Existing Facility or enforcement against the ING Security Interests or      any enforcement action by any relevant Tax Authority against any of the      assets of the Target Companies;                                                                                                                                                                                                                                    |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Media Pro      Authorizations"                  | means      all approvals, licenses, permits and authorizations required for lawfully      carrying out the Media Pro Entertainment Business;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Media Pro Entertainment      Business" or "MPE" | means      the operations of the Target Companies and such other related businesses      owned or operated by the Target Companies and/or their      subsidiaries;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "Media Pro      Trademarks"                      | means      all trademarks using the Media Pro name that have been applied for and/or      registered by the Guarantor or any of its Affiliates, the particulars of      which are set out in further detail in Schedule      6;                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | "MP BV      Securities"                          | means      the following Ownership Interests held by MP BV:(i)          2,998,818 shares of MPP (which represents a 62.52% Ownership Interest);      and(ii)    80      shares of Pro Video (which represents a 0.05% Ownership      Interest);                                                                                                                                                                                                                                                                                                                                                                                                  |

----

|   | "MPD"                                   | means      Media Pro Distribution S.R.L., a Romanian legal person, registered under      the number J23/2135/2007, fiscal registration code CUI 18734735 and having      its registered address at Buftea, 1 Studioului Street, Central Building of      Studiourile Media Pro SA, room 141, Ilfov County,  Romania;                                                                                                                                                                                                                         |
|--------|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "MPE Romanian Transfer      Agreements" | means      the agreements on the transfer of the relevant Ownership Interests in each      of MPP, MPS, MPD, MPME and PRO VIDEO between the applicable Seller and the      Purchaser (together with any Affiliate of the Purchaser as the Purchaser      shall direct in writing to the applicable Seller in respect of some or all      of the Sale Securities) to be entered into on or before the Closing Date      in the Agreed Form;                                                                                                   |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "MPME"                                  | means      Media Pro Music and Entertainment S.R.L., a Romanian legal person,      registered under the number J23/3300/2008, fiscal registration number CUI      24651464 and having its registered address at Buftea, 1 Studioului Street,      Central Building of Studiourile Media Pro SA, room 141, Ilfov County,      Romania;                                                                                                                                                                                                        |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "MPM      Securities"                   | means      the following Ownership Interests held by Media Pro      Management:                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                    | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 1,797,395      shares of MPP (which represents a 37.48% Ownership    Interest); |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                    | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 450      shares of MPD (which represents a 90% Ownership Interest); |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                    | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | a      100% Ownership Interest in MPP Czech (which corresponds to the investment      contribution to the registered capital of Media Pro Pictures s.r.o. in the      amount of CZK 200,000); |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                    | (iv)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 168,020      shares of Pro Video (which represents a 99.95% Ownership Interest);      and |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                    | (v)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 12      shares of MPME (which represents a 60% Ownership      Interest),  |
|   |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "MPP"                                   | together with      such additional shares as may be issued in connection with any increase in      the equity of any such Target Company in connection with the conversion of      the Converted Shareholder Loans pursuant to Clause 3.1.14;      means Media Pro Pictures S.A., a Romanian legal person, registered      under the number J23/1058/2001, fiscal registration code CUI 9325987 and      having its registered address at Buftea, Studioului Street, Building 1 on      the set, 2nd      Floor, Ilfov County, Romania; |

----

|   | "MPP Czech"                                                | means      Media Pro Pictures s.r.o., a limited liability company organized and      existing under the laws of the Czech Republic, identification number 278      62 950, having its registered address at Prague 5, Kříženeckého nám.      1078/5A, Postal Code 152 00, the Czech Republic,      registered in the Commercial Register maintained by the City Court in      Prague, Section C, Insert 122487, and having the registered capital in the      amount of CZK 200,000;                                                                                                                                                                                                                                                                                                                          |
|--------|-----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "MPP Czech Transfer      Agreement"                             | means      the Agreement on Transfer of the 100% Ownership Interest in MPP Czech      (which corresponds to the entire registered capital of MPP Czech of CZK      200,000) between Media Pro Management and the Purchaser to be entered into      on or before the Closing Date in the Agreed Form;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "MPS"                                                           | means      Studiourile Media Pro S.A., a Romanian legal person, registered under the      number J23/2525/2002, fiscal registration number 2788288 and having its      registered address at Buftea, 1 Studioului Street, Ilfov County,      Romania;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Net Specific Related Parties’      Receivable/(Payable)" | means      the amount equal to the Net Specific Related Parties’ Receivable/(Payable)      as determined or agreed in accordance with the provisions of Schedule      9 and set out in the Adjustment Statement (which, for the avoidance      of doubt, shall exclude any Assigned Receivable that is subject to a      Set-Off);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Ownership      Interests"                                      | means      the shares, participation rights or other equity ownership interest of any      person;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Party" or "Parties"                                            | means      a party and collectively the parties to this Agreement, provided that,      references to "Party" or "Parties" shall only include CME Romania when the      term is used in Clause 9.6 and Clauses 13 to      27 (inclusive);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Permitted      Contracts"                                      | means      (i) any rental agreements with Specific Related Parties in effect on the      Execution Date; (ii) any communications services contracts with Specific      Related Parties in effect on the Execution Date; (iii) contracts,      agreements or arrangements for the provision of management, consulting or      similar services by Media Pro Management to any of the Target Companies in      effect as of the Execution Date; and (iv) agreements for the provision of      any other goods or services provided in the ordinary course on an arms'      length basis by the Sellers and their Affiliates (excluding the Target      Companies) to the Target Companies, provided that Permitted Contracts in      the aggregate may not obligate the Target Companies to payments of more      than EUR 100,000 per month; |
|   |                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Programming      Library"                                      | means      all programming, production, dubbing and other rights (including any      commitments or options to acquire or renew any such rights in the future)      held on behalf of the Media Pro Entertainment Business by the Target      Companies or otherwise, including any receivables due from the sale or      transfer of such rights;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

----

|   | "Pro    Video"                     | means      Pro Video S.R.L., a Romanian legal person, registered under the number      J23/247/2002, fiscal registration number CUI 11277792 and having its      registered address at Buftea, 1 Studioului Street, Building Studio Sunet,      1st      Floor, Ilfov County, Romania;                                                                                                      |
|--------|------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Purchase      Consideration"      | means      the Cash Consideration, the Consideration Shares and the      Warrant;                                                                                                                                                                                                                                                                                                           |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Purchaser Protected      Parties" | has      the meaning set forth in Clause 10.1;                                                                                                                                                                                                                                                                                                                                              |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "RCC"                              | means the Romanian Competition Council;                                                                                                                                                                                                                                                                                                                                                     |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Real Properties"                  | means      the properties owned or occupied by the Target Companies, particulars of      which are set out in Schedule      5;                                                                                                                                                                                                                                                              |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Related Dispute"                  | has the      meaning set forth in Clause 27.3;                                                                                                                                                                                                                                                                                                                                              |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Remaining Shareholder      Loans" | means      such of the Shareholder Loans, other than the Converted Shareholder Loans,      in the aggregate maximum principal amount of RON 18    million;                                                                                                                                                                                                                                  |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Rodinka"                          | means      Takova normalni rodinka s.r.o., a limited liability company organized and      existing under the laws of the Czech Republic, with identification No. 279      32 702, having its registered seat at Prague 2, Kunĕtická 2534/2, Postal      Code 120 00, registered in the Commercial Register maintained by the City      Court in Prague, Section C, Insert 127421; |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "RON"                              | means      the lawful currency of Romania;                                                                                                                                                                                                                                                                                                                                                  |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Sale      Securities"             | means      the MPM Securities and the MP BV Securities;                                                                                                                                                                                                                                                                                                                                     |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Set-Off"                          | means      the extinguishing of any Remaining Shareholder Loans by set off against any Assigned Receivable      pursuant to Clause 3.1.16;                                                                                                                                                                                                                                                  |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Set-Off Amount"                   | means the aggregate principal amount of Remaining Shareholder      Loans set off against any Assigned Receivable in any    Set-Off;                                                                                                                                                                                                                                                         |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Shareholder Loans"                | means      the shareholder and related party loans set forth in Schedule      7 hereto, which shall all be assigned to Media Pro      Management pursuant to Clause 3.1.14;                                                                                                                                                                                                            |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Specific Related Parties"         | means those entities, in which the Guarantor has direct or      indirect ownership interests, having commercial relationships with MPE,      set out in Schedule 15;                                                                                                                                                                                                                        |
|   |                               |                                                                                                                                                                                                                                                                                                                                                                                        |
|   | "Subscription Agreement"           | means      the Subscription Agreement between CME and the Sellers, to be entered into      on or before the Closing Date in the Agreed Form attached as Schedule      12;                                                                                                                                                                                                                   |

----

|   | "Supplementary Disclosure      Schedule" | means      the disclosures made as of the Closing Date against the Warranties of the      Sellers, which disclosures have been arranged in sections corresponding to      the numbering and lettering of the applicable Warranty in Schedule      3 (and which shall also apply to other Warranties only to      the extent that it is reasonably apparent from the face of the disclosure      that such disclosure would also apply to such other      Warranties);                                                                                                                                                                                                                                                                                                                   |
|--------|------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Target Companies"                       | means Domino, HMO, MPD, MPME, MPP, MPP Czech, MPS, Pro Video,      Rodinka and Zmena;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Target Deficit"                         | means an amount equal to RON 30 million;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Tax" or "Taxes"                         | means any or all taxes, however denominated, including any      interest, penalties or other additions to tax that may become payable in      respect thereof, imposed by any Governmental Authority, which taxes shall      include all income or profits taxes, payroll and employee withholding      taxes, social and health insurance contributions, sales and use taxes, ad      valorem taxes, excise taxes, franchise taxes, business license taxes,      occupation taxes, real and personal property taxes, stamp taxes,      environmental taxes, withholding taxes, securing taxes, transfer taxes and      other governmental charges or obligations of the same or of a similar      nature to any of the foregoing which are required to be paid, withheld or      collected; |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Tax Authority"                          | means a Governmental Authority competent to impose or collect      Taxes;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Third Party Claim"                      | means any Claim against any Purchaser Protected Party by any      person other than a Party to this Agreement;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Total MPE Net Working Capital Deficit"  | means      the amount set forth in Schedule      9;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Trademark Assignments"                  | means the Deed of Assignment to be signed on or before the      Closing Date between the Purchaser or an Affiliate designated by it and      the Guarantor in respect of the assignment to the Purchaser or such      Affiliate of all right, title and interest to certain Media Pro Trademarks      not currently owned and registered in the name of a Target      Company;                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Transaction"                            | means      the transaction set out in Clause 2;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Transaction Documents"                  | means this Agreement, the Business Names Assignment, the      Trademark Assignments, the Subscription Agreement and the Warrant, and all      other documents entered into pursuant to or in connection with the      foregoing;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "US Dollars" or "US$"                    | means the official currency for the time being of the United      States of America;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Warrant "                               | means      the Common Stock Purchase Warrant in the Agreed Form attached as      Schedule 13;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Warranties"                             | means      the warranties contained in Schedule      3 and each statement identified as a warranty in any other      Transaction Document;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Working Hours"                          | means      the hours of 9:00 a.m. to 5:00 p.m. on a Business Day;      and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | "Zmena"                                  | means      Zmena s.r.o., a limited liability company organized and existing under the      laws of the Czech Republic, with identification No. 279 40 284, having its      registered seat at Prague 2, Vinohrady, Máchova 431/21, Postal Code 120      00, registered in the Commercial Register maintained by the City Court in      Prague, Section C, Insert 128035.                                                                                                                                                                                                                                                                                                                                                                                                                |

----

| 1.2 | In      construing this Agreement, unless otherwise  specified: |
|-----|-----------------------------------------------------------------|

|   | 1.2.1 | references      to Clauses and Schedules are to Clauses of, and Schedules to, this      Agreement; |
|--------|-------|----------------------------------------------------------------------------------------------------|

|   | 1.2.2 | references      to a "person"      shall be construed so as to include any physical or legal person, firm,      company or other body corporate, government, state or agency of a      Governmental Authority or any joint venture, association or partnership      (whether or not having separate legal  personality); |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.3 | words      in the singular include the plural and in the plural include the singular,      and a reference to one gender includes a reference to the other      gender; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.4 | a      reference to any law, regulation, statute or statutory provision shall be      construed as a reference to the same as it may have been, or may from time      to time be, amended, modified orre-enacted; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.5 | any      reference to a "day" (including within      the phrase "Business      Day") shall mean a period of 24 hours running from midnight to      midnight (except for the days of time change lasting 25 or 23 hours which      days shall be 25 or 23 hoursrespectively); |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.6 | references      to time are to Greenwich Mean Time; |
|--------|-------|-----------------------------------------------------|

|   | 1.2.7 | a      reference to any other document referred to in this Agreement is a      reference to that other document as amended, varied, novated or      supplemented (other than in breach of the provisions of this Agreement)      from time to time; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.8 | headings,      sub-headings, recitals and titles are for convenience only and do not      affect the interpretation of thisAgreement; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.9 | references      to documents being in writing shall not include  e-mail; |
|--------|-------|--------------------------------------------------------------------------|

|   | 1.2.10 | general      words shall not be given a restrictive meaning by reason of the fact that      they are followed by particular examples intended to be embraced by the      general words; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 1.2.11 | the      words "include",      "includes", "including" and "in particular" shall be      deemed in each case to be followed by the words "without      limitation"; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.12 | all      obligations and liabilities on the part of the Sellers are joint and      several and shall be construed accordingly;and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2.13 | references      to a "Party" or      the "Parties"      shall be construed as to include each of its permitted successors and      permitted assignees. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | The      Schedules form an integral part of this Agreement and any reference to      this Agreement shall include theSchedules. |
|-----|---------------------------------------------------------------------------------------------------------------------------------|

| 2. | Transaction      and Determination of Purchase Consideration |
|----|--------------------------------------------------------------|

| 2.1 | Subject      to the terms and conditions herein, including the satisfaction of the      Conditions Precedent, the Sellers agree to sell, and the Purchaser      (relying on, amongst other things, the Warranties and undertakings in this      Agreement) agrees to purchase, the Sale Securities with full title      guarantee and the Intellectual Property in each case free from all      Encumbrances and together with all rights and entitlements now or      hereafter attaching thereto. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The      consideration for the purchase by the Purchaser of the Sale Securities, as      adjusted in accordance with Clause 2.3 (as so adjusted, the "Purchase Consideration")      shall be apportioned as follows: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2.2.1 | the      payment of ten million US Dollars (US$10,000,000) in cash (the "Cash      Consideration"); |
|--------|-------|-----------------------------------------------------------------------------------------------------|

|   | 2.2.2 | the      issuance to the Sellers of two million two hundred thousand (2,200,000)      Class A Common Shares in CME (the "Consideration Shares");    and |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2.2.3 | the      issuance to the Sellers of theWarrant. |
|--------|-------|-------------------------------------------------|

| 2.3 | Following      the Closing Date, the Estimated Adjustment Amount as detailed on the      Closing Statement shall be reviewed and adjusted in accordance with Schedule      10. In the event that the Adjustment Amount is a      deficit greater than the Target Deficit (as converted using the exchange      rates in effect on the date of delivery of the Closing Statement), the      Sellers shall reimburse in immediately available funds to an account      notified to the Sellers by the Purchaser the amount by which such deficit      exceeds the Target Deficit. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.4 | On      Closing the Cash Consideration shall be paid in immediately available      funds to the accounts of the Sellers notified to the Purchaser not less      than five (5) Business Days prior to the Closing Date in the amounts      described in Clause 2.5 and the Consideration Shares and the Warrant issued      to the Sellers in accordance with the notice provided pursuant to Clause      3.1.24. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.5 | The      parties agree that following the capitalization set out in Clause 3.1.14,      the division of the Purchase Consideration between the Sellers may be      adjusted to reflect each of the Sellers respective interests in the Target      Companies. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Conditions      Precedent to Closing |
|----|--------------------------------------|

| 3.1 | The      obligation of the Purchaser to consummate the Closing is conditional on      the satisfaction or waiver of all of the following on or prior to the      Longstop Date: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 3.1.1 | the      Parties shall have received the written approvals (in a form reasonably      satisfactory to the Purchaser) of the RCC in connection with the      acquisition by the Purchaser of the Sale Securities, and such approval      shall be in full force and effect as at the Closing  Date; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.2 | each      of the Sellers shall have obtained all necessary written consents,      approvals or waivers (which for this purpose shall include the expiry of      any period following a notification such that consent is deemed to be      given or no consent is required) in relation to the execution and      performance by each of them of this Agreement in accordance with its terms      and each of the other Transaction Documents in accordance with their      respective terms; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.3 | each      of the Sellers shall have obtained all and any other authorizations,      consents and approvals of any Governmental Authority or third party (which      for this purpose shall include the expiry of any period following a      notification such that consent is deemed to be given or no consent is      required) for the consummation of the transactions contemplated by this      Agreement; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.4 | there      shall not be any injunction, decision, order or decree of any nature of      any court or Governmental Authority, or any proceeding pending or      threatened that could result in such an injunction, decision, order or      decree, restraining, prohibiting or preventing any aspect of the      Transaction; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.5 | there      shall not have been any action, or any statute, law or regulation enacted      by any Governmental Authority which would cause any Party to be unable to      consummate any aspect of the Transaction, make any aspect of the      Transaction illegal or prohibit, restrict or delay the consummation of any      aspect of the Transaction; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.6 | the      Purchaser or its Affiliate shall have received such opinions from its      financial advisor reasonably satisfactory to the Purchaser with respect to      the terms of the Transaction; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.7 | the      Purchaser shall have received the Closing Statement containing the      Estimated Adjustment Amount; |
|--------|-------|---------------------------------------------------------------------------------------------------------------|

|   | 3.1.8 | the      Purchaser shall have received a certificate, dated as of the Closing Date,      signed by duly authorized officers of each of the Sellers, as to the      continued and valid existence of the Target Companies, certifying and      attaching copies of: |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      organizational documents of each Target Company;  and |
|--------|-----|----------------------------------------------------------------|

|   | (ii) | each      of the documents set out in Clauses 3.1.2 and 3.1.3; |
|--------|------|---------------------------------------------------------------------|

|   | 3.1.9 | the      Sellers and their Affiliates shall have performed and complied in all      respects with all covenants and agreements required by this Agreement or      any of the other Transaction Documents to be performed or complied with by      the Sellers or their Affiliates on or prior to the Closing      Date; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.10 | the      Warranties given by the Sellers shall be true and accurate in all material      respects as of the Closing Date or, if not true, shall have been remedied      (at the cost of the Sellers) to the reasonable satisfaction      of  the Purchaser; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.11 | no      event or circumstance, individually or in the aggregate, shall have      occurred or be outstanding that may have a Material Adverse      Effect; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 3.1.12 | all      Encumbrances over any immovable or movable property owned by the Target      Companies shall have been removed on or prior to the Closing Date and the      Purchaser shall use its reasonable endeavours to assist in the removal of      such Encumbrances, including at the sole discretion of the Purchaser,      providing a loan to the Target Companies to assist with the repayment of      any of their debt obligations; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.13 | subject      to the Purchaser providing funding to the Target Companies of      approximately Euro 18.5 million to repay the portion of the ING Existing      Facility that is attributable to the Target Companies, the Target      Companies ceasing to be parties, whether as borrowers or as guarantors, to      the ING Existing Facility, and being released by the bank of any and all      obligations under the ING Existing Facility and the ING Security Interests      in a manner reasonably satisfactory to the Purchaser and the Purchaser      shall use its reasonable endeavours to assist the Target Companies ceasing      to be parties to the ING Existing Facility, being released from any and      all obligations under the ING Existing Facility and the ING Security      Interests, including at the sole discretion of the Purchaser, providing      funding to the Target Companies to repay the portion of the ING Existing      Facility that is attributable to the Target Companies in order to assist      with such actions; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.14 | in      respect of the Shareholder Loans: |
|--------|--------|-------------------------------------------|

|   | (i) | the      Guarantor procuring that any Shareholder Loans for which Media Pro      Management is not already a creditor, is assigned to Media Pro Management      by the entities set out in the column "Creditors" in Schedule 7 to Media      Pro Management by way of legal assignment signed by all parties thereto      and Media Pro Management, such that Media Pro Management shall become the      creditor for all Shareholder Loans; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Media      Pro Management causing the Converted Shareholder Loans to be capitalized      by the cancellation of such Converted Shareholder Loans in exchange for      the issuance of new equity by the relevant Target Company;    and |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | Media      Pro Management producing evidence reasonably satisfactory to the Purchaser      that such capitalization has been completed, including the registration of      such change in the equity of the relevant Target Company with the Romanian      Trade Registry; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.15 | the      Sellers shall have procured that Media Pro Management shall have delivered      to the Purchaser evidence satisfactory to the Purchaser of the assignment      to Media Pro Management of receivables owing from Specific Related Parties      to the Target Companies that would otherwise constitute all or any part of      the Gross Receivable by MPE from Specific Related Parties to be specified      in Schedule 9; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.16 | Media      Pro Management extinguishing such of the Remaining Shareholder Loans whose      aggregate principal amount is equal to the amount of any Gross Receivable      by MPE from Specific Related Parties in a maximum aggregate amount equal      to the Set-Off Amount and producing evidence reasonably satisfactory to      the Purchaser confirming the extinguishment of such remaining Shareholders      Loans and the corresponding Assigned  Receivables; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 3.1.17 | any      Remaining Shareholder Loans not extinguished in connection with Clause      3.1.16 above shall have been assigned to the Purchaser      or one of its Affiliates by way of an agreement signed by all the parties      to the relevant Remaining Shareholder Loan and the Purchaser or one of its      Affiliates and any Assigned Receivable that is not the subject of a      Set-Off and included in the Set-Off Amount shall be included in the      Closing Statement; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.18 | all      immovable property owned by MPS and/or MPP as described in Schedule      5 to this Agreement shall have been duly registered with the      relevant Romanian land book in accordance with Romanian    law; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.19 | the      Sellers shall have used their best efforts to obtain a written      confirmation from InterCom Rt. with respect to maintaining the continued      existence and full force and effect of that certain license agreement      between Pro Video and InterCom Rt. after the Closing of the Transaction      shall have been obtained, in a form acceptable to the      Purchaser; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.20 | Warner      Home Video shall have been duly notified with respect to the Transaction      and a written confirmation from Warner Home Video with respect to      maintaining the continued existence and full force and effect of that      certain Home Video Distribution License Agreement no.284/01.12.2006      between Warner Home Video and Pro Video shall have been obtained, in a      form acceptable to the Purchaser, it being acknowledged by the Purchaser      that Warner Home Video may, at its sole discretion, immediately terminate      the License Agreement in accordance with its  terms; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.21 | Panavision      International LP, Panavision Europe Limited and Lee Lightning LTD shall      have been duly notified by the Sellers with respect to the Transaction and      written confirmation from such entities with respect to maintaining the      agreement to appoint representatives dated 21 June 2006 between such      respective entities and MPS shall have been obtained, in a form acceptable      to the Purchaser; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.22 | the      change in the shareholding structure of Domino, pursuant to which MPP      shall own fifty-two percent (52%), Mihai Cociasu shall own twenty-four and      a half percent (24.5%) and Pov Shahar Segal Productions shall own      twenty-four and a half percent (24.5%), shall have been duly registered      with the Romanian Trade Registry; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.23 | the      Sellers shall have procured that Media Pro Music & Events s.r.l. shall      have transferred to MPME all assets necessary to operate the business of      MPME as carried on at the Closing Date;and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1.24 | subject      to Clause 2.5,      at least 20 days prior to Closing, the Sellers shall provide a written      notice to the Purchaser and CME setting out the number of Consideration      Shares and Warrant Shares that each Seller shall receive at      Closing. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | The      obligation of the Sellers to consummate the Closing is conditional on the      satisfaction or waiver of all of the following on or prior to the Longstop      Date: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2.1 | the      Purchaser shall have obtained all necessary written consents, approvals or      waivers in relation the execution and performance by the Purchaser of this      Agreement and each of the other Transaction Documents in each case in      accordance with their respectiveterms; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 3.2.2 | there      shall not be any injunction, decision, order or decree of any nature of      any court or Governmental Authority, or any proceeding pending or      threatened that could result in such an injunction, decision, order or      decree, restraining, prohibiting or preventing any aspect of the      Transaction; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2.3 | there      shall not have been any action, or any statute, law or regulation enacted      by any Governmental Authority which would cause any Party to be unable to      consummate any aspect of the Transaction, make any aspect of the      Transaction illegal or prohibit, restrict or delay the consummation of any      aspect of the Transaction; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2.4 | the      Purchaser and its Affiliates shall have performed and complied in all      respects with all covenants and agreements required by this Agreement or      any of the other Transaction Documents to be performed or complied with by      the Purchaser or its Affiliates on or prior to the Closing      Date; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2.5 | the      Warranties given by the Purchaser shall be true and accurate in all      material respects as of the Closing Date or, if not true, shall have been      remedied (at the cost of the Purchaser) to the reasonable satisfaction of      the Sellers; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | Insofar      as permitted under applicable law, the Purchaser may, in its sole      discretion, at any time waive, in whole or in part, conditionally or      unconditionally, any of the Conditions Precedent set out in Clauses 3.1.1 to      3.1.22 (inclusive) by notice in writing to the      Sellers. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | Insofar      as permitted under applicable law, the Sellers may, in their sole      discretion, at any time waive, in whole or in part, conditionally or      unconditionally, any of the Conditions Precedent set out in Clauses 3.2.1 to      3.2.5 (inclusive) by notice in writing to the      Purchaser. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | The      Parties shall keep each other fully informed and up to date with respect      to their progress toward the satisfaction of the Conditions      Precedent. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6 | The      Purchaser and the Sellers shall actively and positively cooperate with      respect to the satisfaction of the Condition Precedent set out in Clause      3.1.1 and inparticular: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      Sellers shall provide all information and documents requested by the      Purchaser in order to facilitate the prompt submission of all      notifications and submissions to the RCC;and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the      Sellers shall not, without the prior approval of the Purchaser (which      approval shall not be unreasonably withheld or delayed), communicate with      the RCC or make any filing, submission or notification in connection with      the Transaction. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.7 | The      Sellers shall use their best endeavors to satisfy the Conditions Precedent      for which they are responsible but in the event that the Sellers becomes      aware that they will not be able to satisfy the Conditions Precedent on or      before the Longstop Date, the Sellers shall promptly, and in any event not      less than three (3) Business Days before the Longstop Date, give written      notice to the Purchaser of their inability to satisfy such Conditions      Precedent. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.8 | If      any Conditions Precedent have not been satisfied (or have not been waived      in accordance with Clauses 3.3 or      3.4)      on or before the Longstop Date, this Agreement shall, unless otherwise      agreed by the Parties in writing, terminate and the provisions of Clause 9      shall apply. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Closing |
|----|---------|

| 4.1 | The      Parties shall cause the Closing to occur promptly after the date on which      the last of the Conditions Precedent have been satisfied or waived in      accordance with this Agreement, but in any event no later than either: (i)      the end of the month in which the Conditions Precedent are satisfied or      waived provided that the Conditions Precedent are satisfied or waived      before the 21st calendar day of that month; or (ii) the end of the      following month if the Conditions Precedent are satisfied or waived after      the 21st calendar day of a month (the "Closing      Date"). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | The      Closing shall take place on the Closing Date at the offices of Media Pro      Management at 109 Pache Protopopescu Blv., 6th Floor, sector 2, Bucharest,      Romania , or at such other location as agreed by the    Parties. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3 | The      Sellers shall deliver the Closing Statement to the Purchaser at least      three (3) Business Days prior to theClosing. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| 4.4 | The      Sellers shall deliver a substantially final version of the Supplementary      Disclosure Schedule to the Purchaser at least three (3) Business Days      prior to the Closing. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.5 | All      deliveries of documents and actions contemplated by this Clause to take      place at Closing shall be deemed to have taken place simultaneously as      part of a single transaction, none of which shall be considered to have      taken place unless and until all such actions shall have taken place,      provided that the      Purchaser shall have no obligation to pay or effect any of the Purchase      Consideration until all Conditions Precedent have been satisfied or      waived, and all of the actions of the Sellers set out in Clauses 4.6 and 4.7 have beensatisfied. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.6 | On      the Closing Date, the Sellers shall deliver or shall procure the delivery      to the Purchaser of: |
|-----|-------------------------------------------------------------------------------------------------------------|

|   | 4.6.1 | (i) | all      necessary instruments of transfer for each Target Company in respect of      the Sale Securities, including without limitation, the MPP Czech Transfer      Agreement and the MPE Romanian Transfer Agreements (governed by the law of      the relevant jurisdiction applicable to such transfer), duly executed and      completed by the corresponding Seller in favour of the Purchaser (or in      favour of any Affiliate of the Purchaser as the Purchaser shall direct in      writing to the applicable Seller in respect of some or all of the Sale      Securities), together with the applicable resolutions adopted pursuant to      Clause 4.7; |
|--------|-------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | any      and all duly executed powers of attorney or other authorities under which      any of the instruments of transfer have been executed;  and |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | further      to Clauses 3.1.2 and 3.1.3,      certified copies of all other necessary authorizations, waivers and      consents in respect of the sale of the MPM Securities and MP BV Securities      and the execution of the instruments of transfer in respect of      them; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 4.6.2 | a      closing certificate in the form attached hereto in Schedule      2 and, if reasonably requested by the Purchaser, other      confirmations or evidence of the satisfaction of the Conditions      Precedent; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.6.3 | a      certified copy of the updated registers of Ownership Interests of each      of: |
|--------|-------|----------------------------------------------------------------------------------------|

|   | (i) | MPP      evidencing its 10% Ownership Interest inMPD; |
|--------|-----|-------------------------------------------------------|

|   | (ii) | MPP      evidencing its 81.47% Ownership Interest inMPS; |
|--------|------|----------------------------------------------------------|

|   | (iii) | MPP      evidencing its 51% Ownership Interest inDomino; |
|--------|-------|----------------------------------------------------------|

|   | (iv) | Pro      Video evidencing its 40% Ownership Interest in  MPME; |
|--------|------|----------------------------------------------------------------|

|   | (v) | Pro      Video evidencing its 100% Ownership Interest in  HMO; |
|--------|-----|----------------------------------------------------------------|

|   | (vi) | MPP      Czech evidencing its 51% Ownership Interest in  Rodinka; |
|--------|------|-------------------------------------------------------------------|

|   | (vii) | MPP      Czech evidencing its 51% Ownership Interest in  Zmena, |
|--------|-------|-----------------------------------------------------------------|

|   | 4.6.4 | one      (1) counterpart of each of the Trademark Assignments signed by the      Guarantor and Media Pro Music & Events SRL (as      applicable); |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.6.5 | one      (1) counterpart of the Business Name Assignment signed by the Sellers and      the Guarantor; |
|--------|-------|--------------------------------------------------------------------------------------------------------|

|   | 4.6.6 | one      (1) counterpart of the Subscription Agreement duly executed by the      Sellers; |
|--------|-------|-------------------------------------------------------------------------------------------|

|   | 4.6.7 | the      Supplementary Disclosure Schedule, ifany; |
|--------|-------|----------------------------------------------------|

|   | 4.6.8 | written      resignations of each of the directors and statutory executives of any      Target Company designated by the Purchaser to the Sellers at least five      (5) days before the Closing Date to take effect on the Closing Date, in a      form satisfactory to the Purchaser;and |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.6.9 | signed      notices of termination from each of Media Pro Management and MP BV with      regard to any contracts, agreements or arrangements for the provision of      management, consulting or similar services by Media Pro Management or MP      BV to any of the Target Companies, effective as of the Closing Date,      except: (i) in relation to the Permitted Contracts; or (ii) where the      terms of any extension of such agreements or arrangements are approved by      the Board of Directors of CME prior to entry into such      extension. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.7 | On      or before the Closing Date, the Sellers shall procure that a shareholders      meeting of each of MPP, MPD, Pro Video and MPME are held to decide on the      following matters: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.7.1 | approving      the execution of the Transaction as well as any relevant documents to      ensure the registration of the transfer of the Sale Securities from the      Sellers to the Purchaser or any of its  Affiliates; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 4.7.2 | acknowledging      the waiver by the current shareholders of each relevant Target Company of      their pre-emption rights on the sale of shares as provided under the      constitutive acts of such TargetCompanies; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.7.3 | revoking      as a result of their resignation the directors and statutory executives as      indicated by the Purchaser at least five days before the Closing      Date; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.7.4 | appointing      the individuals designated by the Purchaser at least five (5) Business      Days before the Closing Date; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------|

|   | 4.7.5 | appointing      internal auditors for the TargetCompanies; |
|--------|-------|------------------------------------------------------------|

|   | 4.7.6 | approving      the restated constitutive acts of the Target Companies evidencing the new      shareholding pursuant to the Closing and all other amendments to the      respective constitutive acts agreedherein; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.7.7 | granting      powers of attorney for the person(s) who is/are empowered to sign and      execute all Transaction related documents;and |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.7.8 | with      respect to MPP only, ratifying all prior shareholder resolutions taken in      meetings where certain shareholders of MPP have been represented by the      directors of MPP. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.8 | On      the Closing Date, the Purchaser shall, or shall procure that its relevant      Affiliate shall: |
|-----|---------------------------------------------------------------------------------------------------------|

|   | 4.8.1 | pay      the Cash Consideration; |
|--------|-------|----------------------------------|

|   | 4.8.2 | deliver,      in accordance with the written notice delivered pursuant to Clause 3.1.24 (unless delivery in accordance with the      aforementioned written notice is contrary to any applicable law,      regulation or direction of any relevant stock exchange or regulator, in      which case the delivery shall be in accordance with such law, regulation      or direction and where there is discretion that could be exercised, such      discretion to be exercised only by the Purchaser and  CME): |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | one      (1) counterpart of the Subscription Agreement duly executed by CME to each      of the Sellers; |
|--------|-----|----------------------------------------------------------------------------------------------------------|

|   | (ii) | the      Warrant to the Sellers; |
|--------|------|----------------------------------|

|   | (iii) | certificates      representing two million two hundred thousand (2,200,000) Class A Common      Shares, evidencing the number of shares in CME issued to the Sellers, each      registered in such Seller's name; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.8.3 | deliver      one (1) counterpart of each of the Trademark Assignments signed by the      Purchaser or an Affiliate of the Purchaser (as  applicable); |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.8.4 | deliver      one (1) counterpart of the Business Name Assignment signed by the      Purchaser or an Affiliate of the Purchaser (as applicable);      and |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.8.5 | deliver      a closing certificate in the form attached hereto in Schedule      2. |
|--------|-------|------------------------------------------------------------------------------------|

| 4.9 | On      the Closing Date, CME Romania shalldeliver: |
|-----|-----------------------------------------------------|

----

|   | 4.9.1 | all      necessary instruments of transfer (governed by the law of the relevant      jurisdiction applicable to such transfer) in respect of the transfer of      its 8.7% Ownership Interest in Media Pro Management and its 10% Ownership      Interest in MP BV, duly executed and completed by CME Romania in favour of      the Guarantor or a party designated byit; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.9.2 | any      and all duly executed powers of attorney or other authorities under which      any of the instruments of transfer have been executed to the Guarantor or      a party designated by it; and |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.9.3 | one      (1) counterpart of a deed of termination and release in relation to the      pledge agreement between CME Romania and the Guarantor dated August 11,      2006 to the Guarantor. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.10 | On      the Closing Date, the Purchaser shall procure that Adrian Sarbu shall be      appointed as Executive Chairman of the company directly owning or      controlling Media Pro Entertainment Business for an initial term of five      (5) years effective from the Closing, which term may be renewed by the      Purchaser in its sole discretion. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.11 | If      Closing does not take place by 5:00 p.m. on the Closing Date (or such      later time as the Parties may agree in writing) because the Sellers fail      to comply with any of their obligations under this Clause, the Purchaser      may, in its sole discretion, by written notice to the    Sellers: |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.11.1 | postpone      Closing to a later date (being a date not later than the Longstop Date);      or |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | 4.11.2 | terminate      this Agreement, in which case the provisions of Clause 9      shall apply. |
|--------|--------|-------------------------------------------------------------------------------------------|

| 5. | Obligations      Prior to Closing |
|----|-----------------------------------|

| 5.1 | From      and including the Execution Date and up to and including the earlier of      the Closing Date and the Longstop Date, the Sellers shall (on their own      behalf and on behalf of anyAffiliates): |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.1 | procure      that the Media Pro Entertainment Business shall be conducted in the      ordinary course; |
|--------|-------|--------------------------------------------------------------------------------------------------------|

|   | 5.1.2 | use      their respective best efforts to preserve and protect the assets      (including the Intellectual Property and the Real Properties) necessary      for the operation of the Media Pro Entertainment Business and in      particular maintain in force all insurance policies in respect thereof and      not knowingly default under any provision thereof, and duly give notice to      the Purchaser of and maintain any Claims under any such insurance      policies; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.3 | procure      that each of the Target Companies will not undertake any action that may      constitute a breach of any of the Media Pro Authorizations or any other      applicable licences or authorizations necessary for the operation of the      Media Pro Entertainment Business; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.4 | not      dispose of or grant any option or right of pre-emption in respect of any      part of their assets, including, without limitation, the Ownership      Interests in the Media Pro Entertainment  Business; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 5.1.5 | not      grant, issue or redeem any mortgage or other Encumbrance, Ownership      Interest, debenture or other security, or give any guarantee or indemnity      or otherwise agree to secure any obligation of a third party (except, in      respect of any indemnity, in the ordinary course of business), or create      any Encumbrance over any of its assets or undertakings or agree to do any      of the same; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.6 | not      create, allot, issue, acquire, repay or redeem any capital or any capital      convertible into Ownership Interests (other than pursuant to Clause 3.1.14), or merge or consolidate with a corporate body or any      other person, enter into any demerger transaction or agree, arrange or      undertake to do any of thosethings; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.7 | provide      the Purchaser with full access to such information and personnel as the      Purchaser shall reasonably request in connection with the acquisition of      the Media Pro Entertainment Business, the Sale Securities and the      transactions contemplated hereby; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.8 | procure      that the companies (including all Target Companies) operating within the      Media Pro Entertainment Business shall not do any of the items described      in Clause 5.2 without the prior written consent of the      Purchaser; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.9 | not      cause or do any act or thing, the commission of which would constitute a      breach of any Warranty contained herein or which would make any such      Warranty inaccurate at the ClosingDate; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.10 | on      becoming aware prior to the Closing Date of the occurrence of any matter,      event or circumstance which would constitute a breach of any of the      Warranties hereunder or which would make any of such Warranties inaccurate      at the Closing Date, promptly give written notice of such matter, event or      circumstance to the Purchaser before the Closing Date with sufficient      details to enable the Purchaser to assess accurately the impact of such      matter, event or circumstance and the Sellers shall use their best      endeavors to promptly remedy the same;and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.11 | take      such other actions as are required in order to consummate the Transaction      and to give full effect to thisAgreement. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | The      Sellers shall procure that each of the Target Companies, during the period      from and including the Execution Date up to and including the Closing      Date, shall not, without the prior written consent of the      Purchaser: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2.1 | take      any action that is likely to have a Material Adverse    Effect; |
|--------|-------|---------------------------------------------------------------------------|

|   | 5.2.2 | permit      any Target Company to enter into, extend or amend any contract or      commitment, or series of related contracts or commitments, with any      Affiliate or any other connected or related person with a value exceeding      one hundred thousand US Dollars (US$100,000) or its equivalent in any      other currency; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2.3 | borrow      any additional money, draw down on any existing facilities or make any      payments out of or drawings on their bank account(s) (except routine or      committed payments) or amend or agree to amend (other than in compliance      with the terms of this Agreement) the terms of any borrowing or      indebtedness in the nature of borrowing from third parties or Affiliates.      For the avoidance of doubt, the restrictions set out in this Clause 5.2.3 shall apply to any actions in relation to the ING      Existing Facility; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 5.2.4 | grant      or terminate any lease or third party right in respect of any of the      assets owned by or on behalf of the Media Pro Entertainment      Business; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2.5 | enter      into any leasing, hire purchase or other agreement or arrangement for      payment on deferred terms except in the ordinary course of      business; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2.6 | make      any material change in the terms and conditions of employment or pension      or other benefits of its employees or the terms of any consulting      agreement (other then those which would be required by law and those made      pursuant to any annual salary review, such review being consistent with      past practices) or terminate the employment of any of the employees or      consultant (except for cause or pursuant to any Transaction      Document); |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2.7 | enter      into any agreement or arrangement with any unaffiliated third party other      than in the ordinary course of business consistent with past practice or,      except for Permitted Contracts, enter into any contract, agreement or      relationship with a Specific RelatedParty; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2.8 | declare,      make or pay any dividend or other distribution;  or |
|--------|-------|-------------------------------------------------------------------|

|   | 5.2.9 | save      only as may be necessary to give effect to this Agreement or to the extent      the Purchaser has consented or agreed, cause or do any act or thing the      commission of which would constitute a breach of any of the Warranties      herein or which would make any of such Warranties inaccurate at the      Closing Date. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | CME      Romania shall not, from and including the Execution Date up to and      including the Closing Date, dispose of or grant any option or right of      pre-emption or any other  Encumbrance in respect of any of the      shares held by CME Romania in MPM and MP BV,  respectively. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Warranties |
|----|------------|

| 6.1 | Except      to the extent fairly disclosed in the Disclosure Schedule, the Sellers      jointly and severally warrant to the Purchaser that each      statement: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.1 | applicable      to them contained in Part A of Schedule      3 is true and accurate in every respect and not misleading as of      the Execution Date; and |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.2 | contained      in Part B of Schedule 3 is true and correct in every respect and not      misleading as of the ExecutionDate. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Except      to the extent fairly disclosed in the Supplementary Disclosure Schedule,      the Sellers jointly and severally warrant to the Purchaser that each      statement: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.2.1 | applicable      to them contained in Part A of Schedule      3 is true and accurate in every respect and not misleading as of      the Closing Date; and |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.2.2 | contained      in Part B of Schedule 3 is true and correct in every respect and not      misleading as of the Closing Date. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------|

| 6.3 | The      Purchaser warrants to the Sellers that each statement applicable to it      contained in Part A of Schedule      3 is true and accurate in every respect and not misleading as of      the Execution Date. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6.4 | The      Purchaser warrants to the Sellers that each statement applicable to it      contained in Part A of Schedule      3 is true and accurate in every respect and not misleading as of      the Closing Date. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Sellers'      Undertakings and      Post-Closing Covenants |
|----|------------------------------------------------------------|

| 7.1 | The      Parties acknowledge that the Purchaser and the other Affiliates of CME are      subsidiaries of a U.S. reporting company and as such will be required to      comply with certain U.S. securities, anti-money laundering,      anti-corruption and other applicable laws. In particular, the Parties      acknowledge and the Sellers and their Affiliates agree    that: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.1.1 | no      member of the Media Pro Entertainment Business will use or offer to use,      directly or indirectly, any funds for any unlawful contribution, gift,      entertainment or other unlawful payment to any foreign or domestic      government official or employee, or any political party, party official,      political candidate or official of any public international organization      in violation of any applicable law, including, as applicable, the U.S.      Foreign Corrupt Practices Act of 1977, as amended;    and  |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.1.2 | each      member of the Media Pro Entertainment Business has and will enforce the      anti-bribery compliance program of CME, which is designed to detect and      prevent any violations of applicable anti-bribery laws and which includes      the adoption and implementation of a policy against violations of      applicable anti-bribery laws, periodic training of appropriate officers      and employees, appropriate due diligence requirements on the retention and      oversight of agents and business partners, periodic testing of the      effectiveness in detecting and reducing violations of applicable      anti-bribery laws and the internal controls system and compliance policy      of CME and reporting if any of the directors, officers, senior managers or      agents of the Media Pro Entertainment Business becomes a foreign or      domestic government official or employee, except for such an official or      employee in a governmental position that has no relevance to the Media Pro      Entertainment Business. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | The      Sellers undertake to the Purchaser not to make or pursue any claim against      the Target Companies or their respective subsidiaries or their respective      directors, officers, employees or agents in connection with assisting the      Sellers in giving the Warranties and/or entering into this Agreement or      any documents entered into pursuant to this  Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | The      Sellers covenant with the Purchaser that they shall not, and procure that      their Affiliates shall not, for a period of five (5) years from the date      of this Agreement and without the prior written consent of the      Purchaser: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | within      any territory in which CME or its Affiliates is operating or intends to      operate during such period: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------|

|   | (a) | compete      directly or indirectly with the Media Pro Entertainment      Business; |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (b) | enter      directly or indirectly into negotiations, or enter into any contractual or      other business arrangement with any third party to offer services that may      compete with the Media Pro Entertainment  Business; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (c) | directly      or indirectly own, manage, operate, participate in, consult with or work      for any business which is engaged in the same business as the Media Pro      Entertainment Business; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | attempt      to induce, entice or solicit any current consignors, suppliers,      contractors, consultants or customers away, in whole of part, from the      Purchaser; or interfere or attempt to interfere with relations between the      Purchaser and such consignors, suppliers, contractors, consultants or      customers; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | do      or say anything which is harmful to the goodwill of the Media Pro      Entertainment Business which may lead a person who has dealt with any of      the Target Companies at any time during the twenty-four (24) months prior      to the date of this Agreement to cease to deal with the Target Companies      on substantially equivalent terms to those previously offered or at all;      and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | hire,      make an offer, solicit, recruit or otherwise endeavour to entice away from      the Purchaser, its Affiliates or any of the Target Companies or their      Affiliates any person who is a director, officer or employee of the      Purchaser, its Affiliates or any of the Target Companies or their      Affiliates, whether or not such person would commit a breach of contract      by reason of leaving service, |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | Each      and every obligation under Clause 7.3 shall be treated as a separate obligation and shall      be severally enforceable as such. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Purchaser      Undertakings & Post-ClosingCovenants |
|----|---------------------------------------------------------|

|   | 8.1.1 | that      CME, to the extent permitted by applicable law, maintains the Media Pro      business name and brands assigned pursuant to the relevant Trademark      Assignments and operates the content division of CME under such business      name; |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8.1.2 | the      timely performance of the obligations of CME under the Film Production and      Financing Terms and the post-closing items set out in further detail in      Schedule 8; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8.1.3 | that      MPP, MPS and any other Target Company provide support to Universitatea de      Media in Bucharest, Romania at substantially the same levels as are      provided by such Person on the Execution Date;  and |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8.1.4 | that      MPS continues to preserve the inherited archive of costumes and set      designs and props existing as on the Execution Date from productions      undertaken by MPS prior to its privatization in 1997 in substantially the      same manner as on the ExecutionDate. |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Termination |
|----|-------------|

| 9.1 | This      Agreement may be terminated at any time by mutual written consent of the      Parties. |
|-----|--------------------------------------------------------------------------------------------------|

----

| 9.2 | In      the event that: |
|-----|-------------------------|

|   | 9.2.1 | the      substantially final version of the Supplementary Disclosure Schedule that      is delivered pursuant to Clause 4.4 contains or refers to a fact or matter;      or |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.2.2 | in      the period between the Execution Date and Completion Date, the Purchaser      becomes aware of or is notified pursuant to Clause 5.1.10 of a fact ormatter, |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | Without      prejudice to Clause 9.1 and subject to Clause 9.2,      this Agreement may beterminated: |
|-----|------------------------------------------------------------------------------------------------------------|

|   | 9.3.1 | at      any time prior to the Closing Date by the Sellers if there has been a      material breach of any covenant, warranty or other obligation of the      Purchaser hereunder or under any other Transaction Document and such      breach shall not have been cured with five (5) Business Days of the      Purchaser becoming aware of such breach or after receipt of notice from      the Sellers specifying the breach and requesting that such breach be      remedied; and |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.3.2 | at      any time prior to the Closing Date by the Purchaser, if there has been a      material breach of any covenant, representation or warranty or other      obligation of the Sellers hereunder or under any other Transaction      Document and such breach shall not have been cured with five (5) Business      Days of the Sellers becoming of such breach or after receipt of notice      from the Purchaser specifying the breach and requesting that such breach      be remedied. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | This      Agreement shall terminate automatically on the Longstop Date if any      Condition Precedent shall not have been satisfied or waived prior to such      date as a result of: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.4.1 | any      action or failure to act on the part of the Purchaser (other than any such      action or failure to act that is due to the gross negligence or willful      misconduct of the Seller); and |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.4.2 | any      action or failure to act on the part of the Seller (other than any such      action or failure to act that is due to the gross negligence or willful      misconduct of the Purchaser). |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9.5 | Clauses      6 and 10 to      27 (inclusive) and Schedule      3 shall survive termination of this  Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------|

| 9.6 | Each      Party's further rights and obligations under this Agreement shall cease      immediately on termination of this Agreement, but termination shall not      affect a Party's rights and obligations which have accrued prior to the      date of termination or rights and obligations under any of the surviving      provisions set out in Clause 9.5. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Indemnity |
|-----|-----------|

| 10.1 | The      Sellers shall indemnify and keep indemnified the Purchaser and its      Affiliates and subsidiaries, and their respective representatives,      officers, directors, shareholders and Controlling persons (the "Purchaser Protected      Parties") from and against all costs, Claims, demands, damages,      expenses, penalties, fines, liabilities, losses and diminution in value      (including the fees and expenses of investigation and counsel), whether or      not involving a Third Party Claim, (collectively, "Losses") whatsoever      arising out of or in connectionwith: |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.1 | any      false, incorrect or misleading Warranty made by the Sellers or any of      their Affiliates; |
|--------|--------|-------------------------------------------------------------------------------------------------------|

|   | 10.1.2 | any      breach or non-fulfillment of any covenant or undertaking in this Agreement      or any other Transaction Documents by the Sellers or any of its      Affiliates; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.3 | any      and all liability whatsoever, however imposed, whether paid by the      Purchaser, its Affiliates or any of the Target Companies in respect of any      fraudulent or criminal act or omission by the Sellers or any of their      Affiliates or any officer, director, representative, employee or agent      thereof in respect of the ownership and operation of the Media Pro      Entertainment Business; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.4 | any      items subject to indemnifications as identified in Clauses 10.2. |
|--------|--------|---------------------------------------------------------------------------|

| 10.2 | In      addition to the foregoing provisions of Clause 10.1,      without limiting the generality of such provisions, the Sellers agree to      indemnify and hold harmless the Purchaser Protected Parties against any      Losses in respect of: |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2.1 | any      and all liability whatsoever, however imposed (including any Claim      asserted or deficiency assessed against or collected from or paid by the      Purchaser or the Target Companies), in respect of any Taxes (including any      penalties, interest and fines thereon, whenever accrued in respect of the      Media Pro Entertainment Business) of the Target Companies for any and all      periods up to and including the period ending on the Closing Date in      respect of the Media Pro Entertainment Business (including in connection      with any Tax return filed after the Closing Date in respect of the Media      Pro Entertainment Business for any period prior to the Closing Date),      except for payments in respect of VAT, withholding tax, CIT and PIT and      any penalties in respect thereon that are properly provided for in the      Management Accounts dated as at 30 June2009; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2.2 | any      Claims by or on behalf of any owner or former owner of interests in the      capital of the Target Companies in respect of the ownership of Ownership      Interests of the Target Companies in connection with an act, omission,      event or circumstance occurring or existing on or prior to the Closing      Date; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 10.2.3 | except      as fairly disclosed in paragraph 10.2.3 of Schedule      4, any Third Party Claims in respect of the Intellectual Property      of the Media Pro Entertainment Business or the Media Pro Trademarks in      connection with an act, omission, event or circumstance occurring or      existing on or prior to the ClosingDate; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2.4 | except      as fairly disclosed in paragraph 10.2.4 of Schedule      4, any court action or proceeding, arbitration,      litigation, investigation or suit (whether civil, criminal or      administrative) by any Governmental Authority in respect of any act,      omission, event or circumstance relating to the period on or before the      Closing Date in respect of the Media Pro Entertainment Business;      and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2.5 | any      revocation, cancellation, restriction or impairment to any of the Media      Pro Authorizations arising from an act, omission, event or circumstance      that occurred or was in existence on or before the Closing      Date. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Any      Claim under Clause 10.1 or      10.2 shall be asserted by written notice from the      Purchaser Protected Party asserting such Claim (the "Indemnified Party") to      the Party from whom indemnification issought. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | The      notice referred to in Clause 10.3 shall include information regarding the nature and      basis for the Indemnity Claim and the amount of Losses demanded      (estimating, to the extent reasonably practicable, the Indemnified Party's      calculation of the Losses thereby suffered by  it). |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Limitations      on Liability |
|-----|-------------------------------|

| 11.1 | The      Sellers shall not be liable for a Claim in respect  of: |
|------|------------------------------------------------------------------|

|   | 11.1.1 | a      Warranty contained in paragraph 10 of      Schedule 3 unless the Purchaser has notified the      Sellers or either of them of such Claim not later than three (3) months      after the expiry of the period specified by law during which an assessment      of that liability to Tax may be issued by the relevant Tax Authority;      and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.2 | any      other Warranty unless the Purchaser has notified the Sellers or either of      them of the Warranty Claim within 36 months of the Closing      Date. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2 | The      provisions of Clause 11.1 shall not apply in any way to the Warranties      contained in Part A of Schedule      3 or in paragraphs 1,      14 or      17 of      Part B of Schedule      3. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.3 | The      maximum liability of the Sellers to the Purchaser and its Affiliates for      any Losses arising from or relatedto: |
|------|------------------------------------------------------------------------------------------------------------------------------|

|   | 11.3.1 | any      false, incorrect or misleading Warranty;and |
|--------|--------|------------------------------------------------------|

|   | 11.3.2 | any      other breach of a term of this Agreement and indemnification relating to      such matters, |
|--------|--------|------------------------------------------------------------------------------------------------------|

| 11.4 | Nothing      in this Clause 11 shall have the effect of limiting the liability of      the Sellers in respect of any Claim arising as a result of fraud, willful      misconduct or willful concealment. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11.5 | The      Sellers shall not be liable for a Claim in respect of a      Warranty: |
|------|---------------------------------------------------------------------------------|

|   | 11.5.1 | to      the extent that the Purchaser has received payment under an valid      insurance policy in respect of suchClaim; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|

|   | 11.5.2 | if      the Claim results from an act by the Sellers undertaken at the specific      request or direction of the Purchaser provided that      that the Sellers have not deviated from that specific request or      direction; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.5.3 | to      the extent the matter giving rise to the Claim would not have arisen but      for the passing of, or change in applicable law occurring after the      Closing Date; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.6 | The      Purchaser shall not be entitled to recover more than once in respect of a      particular Claim. |
|------|-----------------------------------------------------------------------------------------------------------|

| 12. | Guarantee |
|-----|-----------|

| 12.1 | In      consideration of the Purchaser entering into this Agreement, the Guarantor      irrevocably and unconditionally guarantees to the Purchaser the due and      punctual performance of all present and future liabilities and obligations      of the Sellers contained in or arising from Clauses 2, 3, 4, 5, 6, 7, 10      and 23 and Schedule 3 of this Agreement and Sections 2, 4 and 6 of      the Subscription Agreement (the "Guaranteed      Obligations"). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.2 | If      for any reason the Sellers fail to observe the timely performance of any      or all of the Guaranteed Obligations, the Guarantor will within ten      Business Days after receiving a demand in writing from or on behalf of the      Purchaser fulfil or procure fulfilment of all such Guaranteed Obligations      of the Sellers in compliance with the terms of this Agreement and so that      the same benefits shall be conferred on the Purchaser as they would have      received if such Guaranteed Obligations had been duly performed and      satisfied by the Sellers in a timely manner and will indemnify and keep      indemnified the Purchaser from and against all liabilities, damages,      costs, claims, losses and expenses incurred or suffered by the Purchaser      in connection with the failure by the Sellers to observe the timely      performance of any such GuaranteedObligation. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | The      Guarantor's obligations under Clauses 12.1 to      12.2 (inclusive) are continuing obligations and are not      satisfied, discharged or affected by an intermediate payment or      intermediate or partial settlement of account by, or a change in the      constitution or control of, or merger or consolidation with any other      person of, or the insolvency of, or bankruptcy, winding up or analogous      proceedings relating to, theSeller(s). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.4 | The      Guarantor's liabilities under Clauses 12.1 to      12.2 (inclusive) are not affected by an arrangement      which the Purchaser may make with the Seller(s) or with another person      which (but for this Clause 12.4) might operate to diminish or discharge      the liability of or otherwise provide a defence to a    surety. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.5 | Without      affecting the generality of Clause 12.4,      the Purchaser may at any time as it thinks fit and without reference to      the Guarantor and without prejudice to the Guarantor's obligations under      this Clause 12: |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.5.1 | grant      a time for payment or any other indulgence or agree to an amendment,      variation, waiver or release in respect of an obligation of the Seller(s)      under this Agreement, any document delivered pursuant to this Agreement or      any other Transaction Document; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 12.5.2 | give      up, deal with, vary, exchange or abstain from perfecting or enforcing      other securities or guarantees held by the  Purchaser; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.5.3 | discharge      a party to other securities or guarantees held by the Purchaser and      realise all or any of those securities or guarantees;  and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.5.4 | compound      with, accept compositions from and make other arrangements with the      Seller(s) or a person or persons liable on other securities or guarantees      held or to be held by thePurchaser. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.6 | So      long as the Seller(s) is/are under an actual or contingent obligation to      the Purchaser under this Agreement, any document delivered pursuant to      this Agreement or any other Transaction Document, the Guarantor shall not      exercise a right which he may at any time have by reason of the      performance of his obligations under Clauses 12.1 to      12.2 (inclusive) to be indemnified by the Seller(s), to      claim a contribution from another surety of the obligations of the      Seller(s) or to take the benefit (wholly or partly and by way of      subrogation or otherwise) of any of the Purchaser's rights under this      Agreement, any document delivered pursuant to this Agreement or any other      Transaction Document. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.7 | The      Guarantor's liabilities under Clauses 12.1 to      12.2 (inclusive) are not affected by the avoidance of      an assurance, security or payment or a release, settlement or discharge      which is given or made on the faith of an assurance, security or payment,      in either case, under an enactment relating to bankruptcy or      insolvency. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.8 | Subject      to Clause 12.2, the      Guarantor waives any right he may have of first requiring the Purchaser      (or any trustee or agent on its behalf) to proceed against or enforce any      other rights or security or claim payment from any person before claiming      from the Guarantor under this Clause 12.  Subject to Clause 12.2,      this waiver applies irrespective of any applicable law or any provision of      the Agreement, any document delivered pursuant to this Agreement or any      other Transaction Document. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Notices |
|-----|---------|

| 13.1 | Any      notice or other communication to be given under this Agreement shall be in      writing, in the English language, and shall be deemed to have been duly      given to a Party: |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 13.1.1 | on      receipt, when delivered personally; |
|--------|--------|---------------------------------------------|

|   | 13.1.2 | on      the next following Business Day following being transmitted by facsimile      with suitable proof of transmission;or |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------|

|   | 13.1.3 | three      Business Days following being sent by an international courier      service. |
|--------|--------|-----------------------------------------------------------------------------------------|

----

| 13.2 | For      the purposes of this Clause, the authorized address and facsimile details      of the Parties shall be as follows: |
|------|-----------------------------------------------------------------------------------------------------------------------------|

| if      to the Purchaser:CME      Production B.V.Dam      5bAmsterdam      JS 1012The      NetherlandsAttn:      DirectorTel.:      +31 20 626 8867Facsimile:      +31 20 423 1404with      a copy to:Central      European Media Enterprises Ltd.c/o      CME Development Corporation52      Charles StreetLondon      W1J 5EUUnited      KingdomAttn:      General CounselTel.:      +44 207 127 5834Facsimile:      +44 207 127 5801 |   | if to CME      Romania:CME      Romania B.V.Dam      5bAmsterdam      JS 1012The      NetherlandsAttn:      DirectorTel.:      +31 20 626 8867Facsimile:      +31 20 423 1401with      a copy to:Central      European Media Enterprises Ltd.c/o      CME Development Corporation52      Charles StreetLondon      W1J 5EUUnited      KingdomAttn:      General CounselTel.:      +44 207 127 5834Facsimile:      +44 207 127 5801 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| if      to Media Pro Management:7-9      Prof. Dimitrie Gerota Street, 1st |Floor,District 2, Bucharest      RomaniaAttn:      DirectorTel.:      +40 31 825 6503Facsimile:      +40 31 825 6510 |   | if      to MP BV: Teleport      Boulevard 140, 1043EJ, 1000 CV, Amsterdam, NetherlandsAttn:      DirectorTel.:      +31 20 5405860Facsimile:+31      20 644 7011 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.3 | Any      notice given under this Agreement outside Working Hours of the place to      which it is addressed shall be deemed not to have been given until the      start of the next period of Working Hours in such  place. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Entire      Agreement |
|-----|-----------------------|

| 14.1 | This      Agreement constitutes the entire agreement between the Parties and      supersedes any arrangements, understanding or previous agreement between      them relating to the subject matter to which it  relates. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | Each      Party acknowledges that in entering into this Agreement it does not rely      on, and shall have no remedy in respect of, any statement, representation,      assurance or warranty of any person other than as expressly set out in      this Agreement. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | Nothing      in this Clause operates to limit or exclude any liability for fraud or      willful misconduct. |
|------|--------------------------------------------------------------------------------------------------------------|

| 15. | Third      Party Rights |
|-----|-------------------------|

| 15.1 | Subject      to Clause 10,      no person who is not a party to this Agreement shall have any rights under      the Contracts (Rights of Third Parties) Act 1999 to enforce a term of this      Agreement. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 15.2 | The      Purchaser Protected Parties shall have the right under the Contracts      (Rights of Third Parties) Act 1999 to enforce Clause 10 and any other relevant Clause necessary for the      enforcement of the indemnitiestherein. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | Amendments |
|-----|------------|

| 16.1 | This      Agreement may be amended or modified only if in writing (including a      written document evidenced by a facsimile transmission) and signed by each      of the Parties. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | The      single or partial exercise of any right, power or remedy provided by law      or under this Agreement shall not preclude any other or further exercise      of it or the exercise of any other right, power or  remedy. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.3 | None      of the terms of this Agreement may be waived except by an instrument in      writing duly executed by the waivingParty. |
|------|-----------------------------------------------------------------------------------------------------------------------------------|

| 17. | Costs      and Expenses |
|-----|-------------------------|

| 18. | Set-off      and Gross-up |
|-----|---------------------------|

| 18.1 | A      payment made under this Agreement by one Party to the other shall be made      free of any right of counterclaim or set-off and without deduction or      withholding of any kind, other than any deduction or withholding required      by law. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.2 | If      a Party is required by law to make a deduction or withholding, it shall,      at the same time as the payment which is the subject of the deduction or      withholding payable under this Agreement, pay to the other Party such      additional amount as shall be required to ensure that the net amount      received by the other Party under this Agreement will equal the full      amount which would have been received by it had no such deduction or      withholding been required to bemade. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19. | Assignment |
|-----|------------|

| 20. | Confidentiality |
|-----|-----------------|

| 20.1 | No      Party shall divulge or communicate to any person (other than those of its      shareholders, directors, employees and professional advisers whose      province it is to know the same) or use or exploit for any reason      whatsoever this Agreement or the matters contemplated hereby or the      information disclosed by any of the other Parties, and shall use its      reasonable endeavors to prevent its employees from so    acting. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.2 | Notwithstanding      the provisions of Clause 20.1,      any Party may make an announcement or disclosure concerning this      Agreement: |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (i) | if      required by law or any requirement of any securities exchange or      Governmental Authority to which that Party is subject, wherever situated,      whether or not the requirement has the force of law,  or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | to      a Party's or its Affiliates' directors, officers, employees, professional      advisers, counsel, rating agencies, and lenders or other providers of      funds (a) who are directly concerned with this Agreement or any related      arrangements or transactions, (b) whose knowledge of such information is      reasonably necessary; and (c) who by its position or otherwise is under a      duty to observe confidentiality in dealing with this Agreement and such      related arrangements or otherwise must comply with the provisions of this      Agreement in respect ofconfidentiality. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.3 | The      restrictions contained in this Clause shall continue to apply for a period      of two (2) years following the expiration or termination of this      Agreement. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21. | Announcements |
|-----|---------------|

| 21.1 | Subject      to Clause 21.2,      no Party shall make or issue a public announcement, communication or      circular concerning the Transaction unless it has first obtained the other      Parties' written consent, which may not be unreasonably withheld or      delayed. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.2 | Clause 21.1 does not apply to a public announcement,      communication or circular required by law or by a rule or regulation of a      listing authority, a stock exchange or a Governmental Authority to which      the relevant Party is subject, provided that the      public announcement, communication or circular shall so far as is      practicable be made after consultation with the other Parties and after      taking into account the reasonable requirements of the other Parties as to      its timing, content and manner of making or  despatch. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22. | Severability |
|-----|--------------|

| 23. | Further      Assurance |
|-----|------------------------|

----

| 24. | Waivers |
|-----|---------|

| 25. | Counterparts |
|-----|--------------|

| 26. | Governing      Law and Jurisdiction |
|-----|-------------------------------------|

| 27. | Dispute      Resolution |
|-----|-------------------------|

| 27.1 | Any      disputes, claims or controversy arising out of or related to this      Agreement, including any question as to its formation, validity,      interpretation or termination, which cannot be resolved by negotiations      between the Parties shall be settled by arbitration on an ad hoc basis in      accordance with the Rules of the London Court of International      Arbitration, which are deemed to be incorporated by reference into this      Clause, except to the extent modified by this Clause.  The      tribunal shall consist of three (3) arbitrators. The Purchaser or CME      Romania (as applicable) and the Sellers shall each nominate one (1)      arbitrator and the third (3rd)      arbitrator shall be appointed by the two (2) arbitrators nominated by the      Parties.  Either of the Purchaser or the Seller shall have the      right to initiate the proceedings. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.2 | The      seat of the arbitration shall be London, England.  The language      of the arbitration shall be English, except that any party to the      arbitration may submit testimony or documentary evidence in Romanian,      whereupon it shall also furnish a certified translation or interpretation      of any such evidence into English. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.3 | If      any dispute arising out of or relating to this Agreement (hereinafter      referred to as a "Related      Dispute") raises issues which are substantially the same as or      connected with issues raised in another dispute which has already been      referred to arbitration under this Agreement or another Transaction      Document (an "Existing      Dispute"), the tribunal appointed or to be appointed in respect of      any such Existing Dispute shall also be appointed as the tribunal in      respect of any such Related Dispute.  Where, pursuant to the      foregoing provisions, the same tribunal has been appointed in relation to      two or more disputes, the tribunal may, with the agreement of all the      parties concerned or upon the application of one of the parties, being a      party to each of the disputes, order that the whole or part of the matters      at issue shall be heard together upon such terms or conditions as the      tribunal thinks fit.  The tribunal shall have power to make such      directions and any interim or partial award as it considers just and      desirable. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.4 | Each      of the Parties agree that money damages would not be a sufficient remedy      for any breach of this Agreement by them and that in addition to all other      remedies, the Purchaser shall be entitled to specific performance and to      injunctive or other equitable relief as remedies for any such breach or      threatened breach of this Agreement by the Sellers without proof of actual      damages.  The Parties agree not to oppose the granting of such      relief, and to waive, and to use their best endeavors to cause any      Affiliate to waive, any requirement for the securing or posting of any      bond in connection with suchremedy. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| SIGNEDfor      and on behalf ofCME      PRODUCTION B.V.                                                                   | ))))))))) | /s/ Alphons van      Spaendonck |
|------------------------------------------------------------------------------------------------------------------------------------------|-----------|---------------------------------|
| A.N.G.V.      SpaendonckManaging      Director/s/ Henk van WijlenH.A.      van Wijlen on behalf of Pan-Invest B.V.Managing      Director |

| SIGNEDfor      and on behalf ofCME      ROMANIA B.V.                                                                      | ))))))))) | /s/ Alphons van      Spaendonck |
|------------------------------------------------------------------------------------------------------------------------------------------|-----------|---------------------------------|
| A.N.G.V.      SpaendonckManaging      Director/s/ Henk van WijlenH.A.      van Wijlen on behalf of Pan-Invest B.V.Managing      Director |

| SIGNEDby      ADRIAN      SARBU   | ))))) | /s/ Adrian      Sarbu |
|---------------------------------------------|-------|-----------------------|

| SIGNEDfor      and on behalf ofMEDIA      PRO MANAGEMENT S.A.  | ))))) | /s/ Gheorghe      LiviuGheorghe      Liviu |
|---------------------------------------------------------------------|-------|--------------------------------------------|

| SIGNEDfor      and on behalf ofMEDIA      PRO B.V.    | ))))))))) | /s/ Seastrom Liliana      Florentina |
|----------------------------------------------------------------------|-----------|--------------------------------------|
| Seastrom      Liliana Florentina                      |

----